Wealth Management
When Should I Switch from Managing My Own Investments to Utilizing the Services of a Financial Advisor?
Not every investor feels like they need a professional financial advisor. Many investors feel that they have the knowledge to manage their investments on their own. In addition, some people just don’t want to pay the fees of a financial advisor for something they feel they can do themselves. When it comes to investing, a…
Read MoreQualified Charitable Distributions: A Strategic Way to Distribute Your Required Minimum Distribution
The IRS requires you to take a minimum amount from your IRAs and Employer Sponsored Plans once you turn 70 ½ (Roth IRAs are not included). These required withdrawals are called Required Minimum Distributions (RMD) and are taxable in the year that they are withdrawn from your retirement account. For several years, taxpayers have been…
Read MoreAsset Allocation Vs. Asset Location: Two Different Investment Strategies
Two Different Investment Strategies When hearing the terms asset allocation and asset location, many of us conclude that these are synonyms. These terms are actually two separate investment strategies that can be used in tandem to create a well-balanced portfolio capable of reducing risk and minimizing tax. Asset Allocation Asset allocation is the more commonly known term and is the strategy…
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