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1
Six Mistakes People Make When Hiring a Financial Advisor
2
Tips To Help You Choose The Right Home Safe
3
Is a Home Storage Gold IRA Legal?
4
Build Your Financial Planning Resolve
5
Roth Recharacterization is No Longer Allowed

Six Mistakes People Make When Hiring a Financial Advisor

by Eve Kaplan, Certified Financial Planner (TM)

There are 6 common mistakes people make when engaging a financial advisor — and all of them are avoidable! Before we go through this list, let’s put the issue of paying for financial advice into context.

Health and money are two areas of life where everyone benefits from professional input and support but people handle the wisdom of professional medical care differently from the wisdom of financial care. Do you see your physicians and dentists on a regular basis, refill prescriptions and accept hospital care for serious illness? Do you consider performing surgery …

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Tips To Help You Choose The Right Home Safe

With the many varieties of safe locks, it can be a daunting task to choose from the options available. More to this, given that you are seeking to protect your cash and important documents, there is need to find the best. In some way, this makes the selection process a little bit hard. This article will bring to light some of the aspects to look out for when purchasing a safe lock from https://www.kluis-kopen.nl/. Read on for more information.

Safes fire rating

safe 23

This is one of the factors to consider when buying a safe. Ideally, a safe fire rating …

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Is a Home Storage Gold IRA Legal?

Recently I received a brochure from the Capital Gold Group entitled “My Home Storage IRA – Get the Facts”. It described what is sometimes described as a “home storage gold IRA” or “home storage precious metals IRA” where you are the custodian of your own IRA and purchase gold or silver coins with the funds in your IRA and store those coins in a home safe or bank safety deposit box.

The first time I heard of this idea I thought it must be a mistake. I thought it must be illegal. My understanding of IRS rules is that you …

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Build Your Financial Planning Resolve

Resolutions can be useful but you would to much better to build your financial planning resolve with new money management habits. The Motley Fool offers advice to help, however you may not want to tackle all of these things at once, lest you become overwhelmed. A Fee-Only financial planner cannot do all the work of straightening out your finances but working with one can help you prioritize what areas of your financial live you need to tackle first.  General financial advice can be useful but you may still need help with prioritizing and planning.

Some of us need to get

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Roth Recharacterization is No Longer Allowed

With the passage of the Tax Cuts and Jobs Act (TCJA) of 2017, recharacterization of a Roth Conversion is no longer allowed. This begins with tax year 2018.

Briefly, recharacterization of a Roth conversion is (used to be) useful if you wanted to undo a Roth conversion sometime before your tax return is filed for the year in question. If you’d like more information on recharacterization and why you might want (or have wanted) to do this, you can check out the article on Recharacterizing.

So now, if you convert funds from an IRA or 401k into a Roth …

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