William is a client that utilizes a Qualified Charitable Distribution each year to meet the RMD obligation from his IRA. As an aside, a QCD is a distribution from your IRA made directly to a charity and is available after age 70 ½. This is usually a tax-smart move for...
I was recently asked by a client with a young family if they should open a 529 college savings plan for their young daughter. The answer was, “Probably, but not exclusively.” Here is what I meant by that: A 529 plan is hands down a fantastic college savings tool. If...
Jack and Sally were referred to me after Jack received a sizeable inheritance from his father. Let me say up front that this post should not be taken as specific financial or investment advice, and you should consult your tax advisor before making decisions that will...
Chris and Amy have been funding an education account for their daughter for the past nine years. It is a regular investment account – not a 529 – holding mutual funds that now have substantial gains. His daughter is getting ready to go to college and Amy is returning...
Sometimes the biggest risk is not taking one. Try as we may, it’s almost impossible to protect our lives, careers, and financial planning from some degree of volatility. If you’re not willing to accept risk, then you might stick with a “safe”...
