What is an Ed Slott Elite IRA Advisor?

Jim is a member of the Master Elite Ed Slott group. What exactly does that mean and what are the benefits of working with an advisor with this status level. Check out the videos below to learn more about this exclusive group. What is an Ed Slott Elite IRA Advisor? Benefits of Working with an […]

Read more...

Three Investing Tips to Employ During a Market Correction

Market Volatility Continues as China Raises Stakes in Escalating Trade Showdown President Trump revealed on Thursday, April 5 that the White House is now considering whether or not to impose an additional $100 billion in additional tariffs on China, following the announcement from Beijing that the Asian superpower would enforce tariffs of 25 percent regarding […]

Read more...

Will U.S. Stock Darlings Continue their Slump?

Technology shares that were the driving force powering the surge in the U.S. stock market are now sputtering, dragging the rest of the market down with it. Some of the most recognizable names in the tech industry have been subject to big losses as they deal with a myriad of crises such as fears of […]

Read more...

The Bull Market Turns Nine Years Old

Retirees may want to re-balance their portfolio, as tough as it may be during periods of high gains. Friday, March 9, 2018, marked the ninth birthday of our current bull market, which began at market close back in 2008 when the most devastating bear market since the Great Depression came to a close. A decade […]

Read more...

Women and Retirement Planning – Part 2

Plan for Income in Retirement Do you worry about outliving your retirement income? Unfortunately, that’s a real concern for many women. At age 65, women can expect to live, on average, an additional 20.6 years. In addition, many women will live into their 90s, some into their 100s. This means that women should generally plan for […]

Read more...

Women and Retirement Planning – Part 1

Women face special challenges when planning for retirement. Often their careers are interrupted to care for children or elderly parents. Women may spend less time in the workforce and earn less money than men in the same age group. As a result, their retirement plan balances, Social Security benefits, and pension benefits are often lower. […]

Read more...

3 Differences Between Roth IRAs and Life Insurance

Life insurance and Roth IRAs have a basic structure in common. They are both wealth transfer tools that help facilitate an efficient transfer of assets from one generation to the next, and they both can provide a tax-free legacy. Despite their similarities, Roth IRAs and life insurance are very different, and the rules that apply to […]

Read more...

Happy Birthday Roth!

Roth IRA’s turn 20 this month. In 1998, 20 years ago Congress, passed the Taxpayer Relief Act, creating the Roth IRA, named for Senator William Roth who sponsored the legislation. We all know that Roth’s are wonderful! We wish all our money were in Roth IRA’s or (cash value life insurance) so it can grow […]

Read more...

3 Tips to be Financially Healthy in the New Year

(1) Establish a List of Goals.  As the year goes by significant events can impact your outlook on life and retirement. Unfortunately, these events sometimes force you to lose sight of your retirement goals. But, with the New Year comes new opportunity. Take a moment to think about what is really important to you; what experiences […]

Read more...

Get the Right Advice

Everyone knows that December starts the holiday season, but for movie fans, it’s also the start of awards season. A slew of great movies are coming to theaters near you, from the historical thriller Marshall to the crime satire Three Billboards Outside Ebbing Missouri. But few movies have gotten more press than Lady Bird, a coming-of-age story that’s now […]

Read more...

Quick Tips for Your Social Security Strategy

For your entire working life, FICA (Federal Insurance Contributions Act) has been taken money out of your paycheck to pay for Social Security, and Medicare and our goal is to make sure you receive the maximum benefit. We create strategies for our clients to help them take advantage of the Social Security benefits throughout their […]

Read more...

Tax Cuts & Jobs Act – Policy Highlights

Policy Highlights The Tax Cuts and Jobs Act (H.R. 1) overhauls America’s tax code to deliver historic tax relief for workers, families and job creators, and revitalize our nation’s economy. By lowering taxes across the board, eliminating costly special-interest tax breaks, and modernizing our international tax system, the Tax Cuts and Jobs Act will help […]

Read more...

Calculating the Pro-Rata

What is the pro-rata rule? The pro-rata rule is the formula used to determine how much of a distribution is taxable when the account owner holds both after-tax and pre-tax dollars in their IRA(s). For the purposes of the pro-rata rule, the IRS looks at all your SEP, SIMPLE, and Traditional IRAs as if they […]

Read more...

Celebrating an Important Holiday in Tax History

Your kids have finally finished eating their Halloween candy, which means that the real holidays are right around the corner. But before you sit down to open presents, December 16th marks the 244th anniversary of an important holiday in tax history – a pop-up costume ball in Boston Harbor called the Boston Tea Party. From 1698 through […]

Read more...

Quick Tips for Your Charitable Giving Strategy

Philanthropy is an important aspect in many people’s lives because there’s no better feeling than knowing you’re doing your part to help a great cause, and to help improve the lives of those less fortunate than you. And, giving your hard-earned retirement dollars to charity can be a highly tax-efficient use of your savings. But, […]

Read more...

What Type of Planner Are You?

For some people, the holidays are a time spent with family and friends at home. Others choose to spend their holiday on vacation…far from their family and everyday life. How do you plan for the holidays? Do you like to plan out every detail of your trip or event, down to the minute, or would […]

Read more...

My Journey Back to NYC

I’m back in NYC again this week for a quarterly American Tax Planning Institute (ATPI) conference. The ATPI is a small group of financial planners sharing planning ideas, and hearing from the best speakers in each industry. I love being in the city during the Holidays. People are cheery–there is a whole different mood–and of […]

Read more...