If you take a distribution from your IRA intending to make a 60-day rollover, but for some reason the funds don’t get to the new IRA trustee in time, the tax impact can be significant. In general, the rollover is invalid, the distribution becomes a taxable event, and you’re treated as having made a regular, […]
Can the IRS waive the 60-day IRA rollover deadline? Read More »
For many families, a college education is a significant financial burden that is increasingly hard to meet with savings, current income, and a manageable amount of loans. For some, the ace in the hole might be grandparents, whose added funds can help bridge the gap. If you’re a grandparent who would like to help fund
Grandparents Can Help Bridge the College Cost Gap Read More »
Although the year is drawing to a close, you still have time to review your finances. Pausing to reflect on the financial progress you made in 2016 and identifying adjustments for 2017 can help you start the new year stronger than ever. How healthy are your finances? Think of a year-end review as an annual
Are You Ending 2016 Healthy, Wealthy, and Wise? Read More »
Social Security is an important source of retirement income for millions of Americans, but how much do you know about this program? Test your knowledge, and learn more about your retirement benefits, by answering the following questions. Questions 1. Do you have to be retired to collect Social Security retirement benefits? a. Yes b. No
Quiz: How Much Do You Know About Social Security Retirement Benefits? Read More »
Posted by Joe Bert, CFP®, AIF® The “Suitability Standard”, yet another ERISA-based mystery. Let me endeavor to decipher this term by delving into the often-turgid waters of the fiduciary ocean by asking ourselves if merely meeting the standard of suitability meets the criteria for being a fiduciary. Put another way; is acting suitably a
When Merely Being Suitable is Not Enough Read More »
Congress has periodically looked at the idea of simplifying tax-sheltered savings, but for now investors have to wend their way through a dizzying maze of tax-advantaged investment wrappers
IRA, 401(k), 529: What’s the Best Tax-Sheltered Account Type for You? Read More »
They’re questions nearly every young and middle-aged worker has asked themselves: Should I leave my job and retire early? What would I need? How do I know I’m ready? If you’re considering retiring early, you’ll forego not only the headaches of working, but also the additional money earned that could have made your retirement even
6 Signs You’re Ready to Retire Early Read More »
Hosts: Nancy Hecht, CFP®, AIF® and Joe Bert, CFP®, AIF® Good morning. It is an Ask the Expert Saturday morning, and it wouldn’t be complete without On the Money, brought to you by Orlando’s oldest and largest independent firm of certified financial planning professionals, the Certified Financial Group in Altamonte Springs. With us this morning, we have
TRANSCRIPT FOR THE JANUARY 21, 2017 “ON THE MONEY” SHOW Read More »
Posted by Nancy Hecht, CFP®, AIF® While many taxpayers have payroll deduction retirement plans, it does not necessarily prevent you from making a deductible IRA contribution. If you are married filing a joint return and your adjusted gross income is between $98,000 – $118,000, you can make a partial or completely deductible IRA contribution for
You may be able to cut your 2016 tax bill Read More »
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