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...
by Bryan Wisda, CFP® | Mar 28, 2022 | Financial Planning
Medicare Part B premiums increased in 2022 from $148.50 per month to $170.10. Part A covers hospitalization while Part B covers doctor visits, diagnostics, and other services. This was the largest Part B premium increase in the history of Medicare, and for those high...
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® | Mar 5, 2022 | Investment Management
With Russia at war, is now the time to buy gold? To learn the answer to this question please download our complimentary paper on this topic. To download click here.
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....
by Bryan Wisda, CFP® | Jan 25, 2022 | Press Releases
Effective December 15, 2021, Almega Wealth Management successfully acquired two offices from Southport Capital. The offices acquired are located in Greenville, KY and Mount Airy, NC. The clients of these offices are now being provided fee-only wealth management...
by Bryan Wisda, CFP® | Jan 17, 2022 | Wealth Management
Almega Wealth Management is a Fee-Only Registered Investment Advisor, but what does it mean to be Fee-Only? There are three basic ways in which financial advisors are compensated:1. Commission-based model2. Commission and fee model3. Fee-Only model A commission based...
by Bryan Wisda, CFP® | Dec 9, 2021 | Investment Management
Seldom does trying to time the market prove successful. Trying to time the market is a losers game. This video from DFA illustrates what happens when someone misses just a handful of days in the market.
