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 Almega Wealth Management | Mar 12, 2022 | Advanced Planning, Financial Planning, Investment Management, Press Releases, Relationship Management, Retirement Planning, Wealth Management
The National Association of Personal Financial Advisors (NAPFA) is the premiere organization of fee-only financial advisors in the United States. To be recognized as a NAPFA-Registered Financial Advisor you must (1) be a Certified Financial Planner (CFP) or Personal...
by Bryan Wisda, CFP® | Feb 6, 2022 | Advanced Planning, Financial Planning, Retirement Planning, Wealth Management
In the last couple of years we have seen some pretty dramatic changes to Individual Retirement Accounts. First, the IRS delayed the start of Required Minimum Distributions (RMDs) until age 72; previously you had to start in the year you reached 70 1/2 years old....
