Medicare open enrollment begins
October 15, 2017

Changes during this time take effect
January 1, 2018.

Open enrollment concludes
December 7, 2017.

Killing Fiduciary Rule

Killing fiduciary rule – Well, I know the rule mildly impacts my company.  I know it radically impacts the Broker/Dealer world.  Yet, when is it ever appropriate to put the needs of the company before the needs of the client?  The broker dealer world has done just that for far too long.

The public is being misled by the Trump administration to believe that this Fiduciary Rule will somehow limit their access to advice or services.  This simply is not the case.  They are justifying killing fiduciary rule to help the investors – hog wash!

There is a news article that Morgan Stanley has had their best quarter ever as they prepared and realigned their business to comply with the Fiduciary Rule from the department of labor (DOL).

All I can say is big business does provide jobs.  But at what cost do those jobs come?  A one degree course correction for a young couple saving for retirement can be huge.  That is what the Fiduciary Rule will do.  It will stop the churning of accounts to chase commission.

http://www.thinkadvisor.com/2017/05/11/killing-fiduciary-rule-seen-as-new-dol-chiefs-top

I don’t know what the average person can do to stop the administration from shutting down the rule – maybe you should call your electeds?

Medicare open enrollment begins
October 15, 2017

Changes during this time take effect
January 1, 2018.

Open enrollment concludes
December 7, 2017.

Avoiding 60-day Rollover Mistakes in 5 Easy Steps

Avoiding 60-Day IRA Rollover Mistakes in 5-easy steps

Are you considering rolling over your current retirement savings plan to a traditional or Roth IRA this year? With the many benefits that IRAs have to offer, this may seem like a great idea.But, if not done properly, you could be subject to some costly penalties and fees, as well as face the possibility of having to pay taxes on the entire amount this year!

One way to rollover funds to an IRA is through a “60-day rollover,” which is the distribution of funds from a qualifying retirement account to the account owner, who then has 60 days to redeposit the funds into another qualifying retirement account. With this approach to rollovers there is room for a number of errors. Find out how to avoid costly mistakes before you initiate any retirement account moves.  

 
Get “Avoiding 60-Day Rollover Mistakes in 5 Easy Steps” white paper now!  Simply fill out the request form below.

For professional assistance with your IRA rollovers, contact our office at 866-589-9366 to schedule a time to discuss.

Medicare open enrollment begins
October 15, 2017

Changes during this time take effect
January 1, 2018.

Open enrollment concludes
December 7, 2017.

Calculating Net Unrealized Appreciation NUA in 5 Easy Steps

Do you own company stock inside your 401(k) and are considering rolling it over to an IRA? Before doing so, be sure to consider to ask about Calculating Net Unrealized Appreciation (NUA) tax break that maybe available to you! 
This special tax break allows you to pay long-term capital gains rates on the growth of your shares versus ordinary income rates, which can create up to a 20% savings on your tax bill.

Free guide to Calculating Net Unrealized Appreciation NUA

Don’t miss this potential savings! Before rolling over your 401(k), fill out the form below to receive our white paper, “Calculating NUA in 5 Easy Steps.”
Have more questions about your qualified retirement accounts? We are here to help! Give us a call at 408-459-8383 to schedule time to discuss further.

Resources

Medicare open enrollment begins
October 15, 2017

Changes during this time take effect
January 1, 2018.

Open enrollment concludes
December 7, 2017.

Required Minimum Distribution Planning

If you have been fortunate enough to be over the age of 70 1/2 and own a retirement account you have some new requirements.  These requirements are to take mandatory distributions.  If you miss the distribution you may be subjected to a 50% penalty.  We help people like you with Required Minimum Distribution Planning.

Ed Slott

Even the family member of the nation’s expert on such matters, Ed Slott, can have issues.  Read this entertaining article, it is also informativeRequired Minimum Distribution Planning

Required Minimum Distribution Planning – we can help you

We have ways to assist you in getting your mandatory distributions managed.  If you would like some help, let us know.

Medicare open enrollment begins
October 15, 2017

Changes during this time take effect
January 1, 2018.

Open enrollment concludes
December 7, 2017.

Manage Capital Gains Taxes

Capital Gains Tax Overview

What are you and your tax professional doing to manage capital gains taxes?

Capital gains taxes can consume as much as 50% or more of your profit.  If you postpone that payment for up to 30 years, would you be interested in hearing more?  Enjoy our short, 1.5 minute video to learn more about this process.

I know, sounds too good to be true.  Why haven’t you heard of it before?  This much I can tell you is it in the tax code – it’s called an installment sale.  We add a proprietary twist and can postpone the tax bill – legally.  You get to have about 94% of the proceeds from your Capital Asset to do what you wish for 30 years.

We have created a presentation to help you better understand your options.  You can of course simply pay the tax bill.  I am pretty sure you would like to hear how to save money on these taxes, well, technically, postponing the tax bill.  While the bill is deferred the tax money stays in your control and is to be managed or invested.

You can find out when our next presentation is by going to our Meetup group 

Medicare open enrollment begins
October 15, 2017

Changes during this time take effect
January 1, 2018.

Open enrollment concludes
December 7, 2017.

Surviving Spouse Options with retirement accounts

Surviving Spouse Options

First and foremost, we are sorry for your loss.  Surviving spouse options – when someone leaves behind a spouse and retirement accounts we need to of course grieve.  We also falsely assume that the financial advisor knows best what surviving spouse options exist.  This assumption can and will get you in trouble.  There are many factors to consider in what to do with inherited retirement accounts.

Please know that you don’t have to move the account(s) until, at the earliest, September of the year following the year of death.  We use our 15 page checklist to ensure we all understand all of the variables and can make the best choice possible.

NOTE: The IRS does grant surviving spouses some leeway in fixing mistakes.  Fixing mistakes is not without fees for advisors and sometimes the IRS.

In one’s time of grieving there are two details to know.  1) It may be in your best interest to leave the account in your late spouses name to avoid tax penalties (this depends ages of all parties) 2) you don’t need to move the account or retitle it until at the earliest, September (if a trust is used) in the year following the year of death – and maybe never for a spouse.  NOTE:  If the spouse is the sole beneficiary the account can remain untouched, but required distributions must start.  If there are non-spouse beneficiaries named – we have to complete this work by December 31 of the year following the year of death.

If you would like some support regarding your situation you may complete the form below or call our office.  The first call is always complementary.  You can book your phone call online too.

Resources

Survivors Checklist – free download, no strings attached

Contact us – we may be able to help you

Medicare open enrollment begins
October 15, 2017

Changes during this time take effect
January 1, 2018.

Open enrollment concludes
December 7, 2017.

Free Online Income Tax Estimator

Online Income Tax Estimator

Feel free to use this Online Income Tax Estimator.  Keep in mind that this is not to be relied upon… Use it as it states to estimate your liability.  Always use a professional tax advisor.  HINT: if there is an error in the tax return the professional is liable for the penalties and interest, you are always responsible for the taxes.

Online Income Tax Estimator

Our income tax website

Our associate, Juan Montes, EA JD, is an enrolled agent who also has his law degree (Juris Doctorate), passed the California Bar Exam the first time and specializes in income tax preparation and tax problem repair.  He is simply amazing and very knowledgeable.  We send our clients and friends to him.

Visit Juan’s website – TheTaxProblem.com  Full Disclosure – we don’t accept any referral fee for your contacting Juan.  Nonetheless, be sure to let Juan know we sent you to him.  He’ll appreciate knowing we are working with and for him.

Medicare open enrollment begins
October 15, 2017

Changes during this time take effect
January 1, 2018.

Open enrollment concludes
December 7, 2017.

Getting to the Zero Percent Tax Bracket

VIDEO: Getting to the Zero Percent Tax Bracket

In our engaging presentations we discuss how to get the zero percent tax bracket.  What strategies work and help you understand if these are appropriate for you.

Yes, you will be offered a chance to meet with me, one-on-one, to review your situation.  A second opinion is worth the investment of your time.

Consider reading this book review, which includes critical information on this very topic.

Medicare open enrollment begins
October 15, 2017

Changes during this time take effect
January 1, 2018.

Open enrollment concludes
December 7, 2017.

Critical Illness Insurance – Protect Yourself

Real Wealth Podcast

Protect Yourself From High Deductibles!

Are your health insurance deductibles getting higher and higher?  Critical Illness Insurance – how you can protect you and your family from financial devastation of being diagnosed with a critical illness.  Tune in to learn about the increasingly popular (and increasingly useful) insurance that can help balance high deductibles – Critical Illness Insurance!

Every week Real Wealth Weekly interviews special guests.  In this episode Don Hansen is interviewed regarding Critical Illness Insurance.  This can be a great addition to how you help protect your family from a catastrophic illness.
Additionally, Listen to this week’s show… updates and changes every week.

Critical Illness Insurance Alternative

Another way to address this concern is a feature of some permanent life insurance policies.  This feature is called “Living Benefits”.  I’m sure you are not looking to add one more expense to your budget.  However, options need to be reviewed and confirm it should or should not be installed.
If you would like to review your health insurance options or how protection from critical illness may or may not fit your needs, please call our office at 408-459-8383 to set an appointment.

Resources:

Richard Loek is a Real Wealth™ Advisor.

Medicare open enrollment begins
October 15, 2017

Changes during this time take effect
January 1, 2018.

Open enrollment concludes
December 7, 2017.

Historical CD rates

Historical CD Rates – With CD rates at all time lows – what options do you have?

CD rate Chart
CD rates history

If we can help you protect your retirement savings without buying an annuity – would you be interested?

The concept is being invested in a diverse portfolio that fits your risk profile.  To that we add our special portfolio monitoring system.

If your portfolio drops in value, crossing one of the thresholds – we pickup the phone and call you.

When you have been told something like, “you have to ride this out…” or “You’re in this for the long-haul.”  How did that feel?  Were you happy with the person making that comment?

How would it feel if we were to call you and say something like, “the value of the account has dropped.  We are looking at what the next step is… ”

A new way of managing your life savings.

Let’s talk and see if this is a fit for you, or not.