by Almega Wealth Management | Sep 26, 2023 | Wealth Management
The implications of financial advisor fee structures significantly impact the nature and integrity of the advice provided, potentially influencing portfolio performance, long-term financial objectives, and overall return on investments. The selection of a financial...
by Bryan Wisda, CFP® | Sep 26, 2023 | Advanced Planning, Financial Planning, Retirement Planning, Wealth Management, Wealth Transfer
Oh, the joys of federal ERISA law! Let’s dive deep, shall we? First and foremost, for those caught up in the world of ERISA-covered plans (pension plans and 401(k) type plans, including 403(B), 457, 412(i), and other employer-sponsored retirement plans),...
by Bryan Wisda, CFP® | Sep 13, 2023 | Advanced Planning, Financial Planning, Retirement Planning, Tax Planning
The intricacies of retirement planning and wealth management often introduce several provisions and rules that many may find complex. One such provision is the ‘Rule of 55,’ a rule that pertains to early withdrawals from one’s 401(k) account. This...
by Bryan Wisda, CFP® | Sep 1, 2023 | Investment Management
In the dynamic world of finance, there’s a recurring notion: “Now is not the right time to invest in the stock market.” Whether you’re new to investing or have been at it for years, this feeling of trepidation is universal. But if you dig...
by Bryan Wisda, CFP® | Jun 13, 2023 | Investment Management, Wealth Protection
Whenever inflation is high, investors ask, “Have stocks kept up with inflation?” YES! Over time, stocks have not only kept up with inflation but outpaced inflation by a considerable margin. Here’s a video showing the result… For more...
by Almega Wealth Management | May 24, 2023 | Advanced Planning, Wealth Protection
When you apply for life insurance, you’re generally required to undergo a life insurance medical exam. The examiner will record your height and weight, take your blood pressure, collect blood and urine samples, and confirm your answers on...
by Bryan Wisda, CFP® | Apr 26, 2023 | Retirement Planning, Tax Planning
Required Minimum Distribution rules for 401k accounts must be paid attention to if you’re nearing retirement. If you’re nearing retirement age, you’re probably familiar with the concept of Required Minimum Distributions (RMDs). RMDs are the minimum...
by Bryan Wisda, CFP® | Apr 6, 2023 | Relationship Management, Wealth Management
When wealthy individuals establish trusts they often appoint friends or family members to serve as trustees after they pass away. If you are a trustee you become responsible to oversee investment management, distributions, and trust administration. But these friends...
by Bryan Wisda, CFP® | Mar 12, 2023 | Advanced Planning, Tax Planning, Wealth Transfer
With the signing of the SECURE ACT 2.0, anybody over the age of 70 1/2 may fund a Charitable Remainder Trust with a QCD of up to $50,000. A QCD is short way of saying Qualified Charitable Distribution. A QCD allows people to donate up to $100,000 from their IRA each...
by Bryan Wisda, CFP® | Mar 1, 2023 | Advanced Planning, Financial Planning, Tax Planning
If you are still working in your 70s, there is way to avoid having to take required minimum distributions (RMD) from your IRA. Once you reach the magical age when you have to start taking required minimum distributions, currently 73 (going to age 75 in 2033), you are...
