IRAs can be great for accumulating funds for retirement but distributions often cause taxation. For retirees that are charitable, IRAs can be a tax smart source of funds.
Making News…
We frequently produce Q&A columns for Florida Today, Investopedia and MarketWatch, a personal finance website of the Wall Street Journal, as well as pieces for Financial Advisor magazine and Investopedia among others. Here is a sampling from the last three months.
Be aware of the times exchange-traded notes make little sense
Can I write off a loss on my Roth IRA?
If you’re thinking of skirting IRA-related tax rules, you should think again
How to use a 401(k) to stop required minimum distributions
Do RMDs apply to inherited Roth IRAs?
In the News…
Financial Planning 101. Charlie Fitzgerald was the featured guest on a recent episode of Joy in Our Town on the Trinity Broadcasting Network. Charlie covered several fundamental financial planning topics on the segment such as the importance of having sufficient savings and managing the use of credit wisely. Watch the 30-minute episode here.
Ask An Expert Recently, the Advisor Custody & Trading Senior Leadership Team of Schwab Institutional met in Orlando for a nationwide meeting to discuss ways of improving service to independent advisors such as Moisand Fitzgerald Tamayo, LLC. To gain insight and a better understanding of firm challenges, they assembled a panel of experts from a select group of firms.
Our own Mike Salmon served as a panelist, sharing his opinions on what Schwab does well and helping them better understand how they can improve services for our firm and clients. (Reminder, we don’t work for Schwab or any other party. We work only for clients.)
Ask an Expert II Four members of our team, Derrick Chandler, Charlie Fitzgerald, Mike Salmon, and Lynne Strynchuk fielded calls for the Orlando Sentinel’s financial hotline. The paper published a few of the Q&As from participants, including entries from all four firm representatives. Click on this highlighted link to see entries from Derrick and Lynne.
Things We Found of Note
Big ways the world has changed since the Cubs last won the World Series. With a crowd of 5 million, the Cubs’ victory parade and celebration was the largest gathering in US history and the 7th largest in human history.
Peanut Butter Cup donuts are a real thing!