What's next after wining the lottery or cashing out of a business? What will happen after a "sudden wealth" event like winning the lottery? What will you do when you leave your job, your career, or your business? Too often a Big Pay Day like winning the lottery or receiving an inheritance or selling a business or stock options leads to problems. Unless you have strong values and a plan in place or ... Read More
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Ask the Adviser: Planning for the New 3.8% Medicare Surtax
What can I do now to minimize the impact of the new investment tax? My wife and I have an adjusted gross income of over the $250,000 and we're wondering if there is anything that we can be doing now to minimize the impact of the 3.8% tax. If we're near that $250,000 threshold would it be wise to funnel any money above it into a retirement plan? Or are there any asset classes where the tax doesn't ... Read More
Ask the Adviser: Why Should I Rollover My 401k From My Old Job?
There are many valid reasons to consider a 401k rollover. Costs While it may not seem like it, you are paying for your funds to stay with your old employer’s sponsored plan. You just don’t see it. Fees for employer plans are not very transparent. While you may not see an actual bill, your employer is probably paying for the administration of the plan through hidden fees assessed on the ... Read More
