Doing Good GIVES You a Tax Break! Part 1

Learn how being charitable can improve your tax situation in retirement! Doing Good GIVES You a Tax Break is a three-part series. Watch Part 1 on Qualified Charitable Distributions below. You can also check out our recent blog about Required Minimum Distributions (RMDs) for background information. Join us next time to learn about a unique strategy to

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WBIR: Planning for Retirement

More than half of pre-retirees expect to continue working in retirement, but, how many retirees actually continue to work?  Our moneyman, Certified Financial Planner Paul Fain joins us again to review your money and your future.   PAUL, WITH PEOPLE LIVING LONGER IT SEEMS REASONABLE TO ASSUME THAT WE WILL WORK LONGER IN SOME CAPACITY…

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You may owe a 50% penalty tax on your IRA!

Individuals who deposit pre-tax funds into an Individual Retirement Account (IRA) or employer-sponsored 401(k) retirement account are required to begin withdrawing a minimum dollar amount each year once they reach age 70 ½. The Internal Revenue Service (IRS) requires investors to begin taking money out to ensure these tax-deferred savings ultimately become taxable!  This is

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WBIR: Handling Finances on Vacation

If you ever have the opportunity to travel abroad, such as a visit to Europe, how should you handle money…cash or credit card? What about exchange rates? And security? Paul Fain, president of Asset Planning Corporation, joins us with some international travel tips for your wallet.   PAUL, IF YOU ARE GOING OVERSEAS, WHAT IS

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WBIR: Rules for Financial Success

What if you could post some “Rules for Financial Success” on your refrigerator…what would those rules be?  Well, our moneyman, Certified Financial Paul Fain has some ideas.   PAUL WHAT IS THE FIRST RULE FOR SUCCESS THAT WE ARE GOING TO POST ON THE FRIDGE? Things to avoid at all costs! NO market timing NO

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