Category: Tax Planning

What Is A Donor Advised Fund And How Do Donor Advised Funds Work?

by Greg Phelps, CFP®, CLU®, AIF®, AAMS® | Jul 24, 2020 | Investing, Tax Planning | 0 |

If you’re charitably inclined, a Donor Advised Fund can be a great way to slash your current and future tax bill while also fulfilling your charitable inclinations. They can be expensive though, so make sure you do your homework on Donor Advised Funds.

Retirement Withdrawal Strategies

by Greg Phelps, CFP®, CLU®, AIF®, AAMS® | Jun 16, 2020 | Investing, Planning, Tax Planning | 0 |

You worked, saved, and planned to enjoy the retirement life of your dreams. But those dreams cost...

What is Asset LOcation?

by Greg Phelps, CFP®, CLU®, AIF®, AAMS® | Jun 5, 2020 | Investing, Tax Planning | 0 |

Asset LOcation is the process of determining which of your investment assets are highly tax-efficient and those which are horribly tax-inefficient. Once you determine your potential tax liability for each of your investments, you rank them from efficient to inefficient then place them as best as possible in different accounts that are tax-free, tax-deferred, or taxable.

What is portfolio Rebalancing And How Does It Work?

by Greg Phelps, CFP®, CLU®, AIF®, AAMS® | Jun 3, 2020 | Investing, Tax Planning | 0 |

Portfolio rebalancing is the process of buying and selling portions of your investment portfolio...

What is financial planning?

by Greg Phelps, CFP®, CLU®, AIF®, AAMS® | Jun 2, 2020 | Debt/Credit, Estate Planning, Insurance, Investing, Medical & Healthcare, Planning, Tax Planning | 0 |

You probably hear it all the time from your financial advisor . . . “You need a financial plan!”...

Will distributions from my roth conversion be penalized?

by Greg Phelps, CFP®, CLU®, AIF®, AAMS® | May 12, 2020 | Planning, Tax Planning | 0 |

Want to do a Roth IRA conversion but avoid the penalties? Follow these simple rules and you won’t pay a10% penalty on distributions from a Roth conversion.

Pre-Retirement Checklist

by Greg Phelps, CFP®, CLU®, AIF®, AAMS® | Apr 28, 2020 | Debt/Credit, Estate Planning, Insurance, Investing, Medical & Healthcare, Planning, Tax Planning | 0 |

This pre-retirement checklist breaks down the 3 key steps you should follow in order to make sure you’re truly ready to retire with confidence.

3 Keys To Knowing “Are Financial Advisors Worth It?”

by Greg Phelps, CFP®, CLU®, AIF®, AAMS® | Feb 29, 2020 | Investing, Planning, Tax Planning | 0 |

Are financial advisors worth it? Maybe . . . maybe not!

To know if a financial advisor is worth it you need to first understand if you can do it yourself, then assess the fees your financial advisor will charge and finally the value that your financial advisor can add.

12 ways to add 1.57% to 2.99% Per Year To Your Retirement Planning

by Greg Phelps, CFP®, CLU®, AIF®, AAMS® | Feb 4, 2020 | Insurance, Investing, Planning, Tax Planning | 0 |

Who wouldn’t want to add 1.57% to 2.99% to their retirement planning? According to Morningstar and Vanguard studies, smart financial planning and investment decisions can add from 1.57% to 2.99% to your bottom line in retirement!

Roth IRA’s Rock! An Interview with Johanna Turner, CFP

by Greg Phelps, CFP®, CLU®, AIF®, AAMS® | Jan 3, 2020 | Investing, Planning, Tax Planning | 0 |

In this episode of the Wealth Summit I interviewed Johanna Fox-Turner. She answers several questions such as what is a Roth IRA, what if you can’t fund a Roth IRA, and discusses the value of Roth IRA planning including how to allocate your investments in a Roth IRA.