by Bryan Wisda, CFP® | Sep 5, 2022 | Advanced Planning, Financial Planning, Retirement Planning, Tax Planning
Did you take money out of an IRA or 401k in 2020? If you did you may be eligible to get a tax refund by repaying those monies to your IRA, 401k, or other employer sponsored retirement plan. The CARES Act created an exemption to the tax due on withdraws up to $100,00...
by Bryan Wisda, CFP® | Aug 30, 2022 | Investment Management
Early in 2022, the Federal Reserve made statements of its intent to raise interest rates due to high inflation. This was not a subtle statement. It was an outright announcement. Rarely do financial advisors get to look into a crystal ball, this was one! By announcing...
by Bryan Wisda, CFP® | May 20, 2022 | Advanced Planning, Financial Planning, Retirement Planning, Tax Planning
A Roth Conversion is basically taking some of the money in your Traditional IRA portfolio and moving it to a Roth IRA. The advantage to a Roth IRA is its tax status. When you convert money from a Traditional IRA to a Roth IRA you’ll have to pay taxes on the...
by Bryan Wisda, CFP® | May 1, 2022 | Advanced Planning, Financial Planning, Retirement Planning
Updates to the SECURE Act have the potential to significantly affect anyone who has an Inherited IRA or Beneficiary IRA. Starting in 2020, those who inherited an IRA from someone other than a spouse, in most situations, have to withdrawal the entire value of the...
by Bryan Wisda, CFP® | Apr 11, 2022 | Investment Management
One of the challenges of owning actively managed mutual funds comes when the mutual fund has unexplained poor performance and you resultantly want to sell the fund to replace it. Thus you have to evaluate your actively managed mutual funds versus embedded capital...
