by Bryan Wisda, CFP® | May 3, 2025 | Wealth Transfer
In the world of financial planning, few instruments are as misunderstood—or as deceptively complex—as the non-qualified annuity. The non-qualified annuity inheritance pitfalls are significant. Often sold under the banner of “tax-deferred growth” and “guaranteed...
by Bryan Wisda, CFP® | Feb 26, 2025 | Advanced Planning, Tax Planning, Wealth Protection, Wealth Transfer
Key Takeaways: A strategy known as “decanting” could potentially allow you to alter the terms of an irrevocable trust. Decanting can be used to remove a beneficiary, to split one trust into two trusts, and for other purposes that align with...
by Bryan Wisda, CFP® | Feb 17, 2025 | Advanced Planning, Tax Planning
Healthcare Enhancement for Local Public Safety Retirees Act (HELPS) For retired law enforcement officers (LEOs) and firefighters, tax season brings a unique opportunity to lower taxable income thanks to the Healthcare Enhancement for Local Public Safety Retirees Act...
by Bryan Wisda, CFP® | Dec 24, 2024 | Advanced Planning, Financial Planning, Tax Planning
A common mistake many people make with Roth IRA conversions prior to age 60 occurs when they withhold taxes to pay for the conversion. At Almega Wealth Management, we recommend NOT withholding taxes from the conversion and instead paying the taxes with cash on hand....
by Bryan Wisda, CFP® | Dec 6, 2024 | Advanced Planning, Retirement Planning, Tax Planning, Wealth Transfer
One of the most common questions I receive, as a CERTIFIED FINANCIAL PLANNER™️, from clients is about Roth conversions. With proper planning, converting traditional retirement accounts to Roth accounts can be a powerful tax planning strategy. Let me break down...
by Bryan Wisda, CFP® | Dec 2, 2024 | Advanced Planning, Financial Planning, Retirement Planning, Tax Planning
As the retirement planning landscape continues to evolve, 2025 will introduce a groundbreaking opportunity for individuals aged 60, 61, 62, and 63: the new $11,250 super catch-up contribution for your 401(k). This provision, a game-changer for retirement savers,...
