Archive - July 9, 2014

1
Should Retirees Put an Annuity Inside of an IRA?
2
Dallas’ D Magazine Ranks John Best Financial Planner Eighth Consecutive Year … WOW
3
QDRO vs Transfer Incident to a Divorce

Should Retirees Put an Annuity Inside of an IRA?

 

In previous decades fee-only financial planners and journalists liked to criticize advisors who recommended putting an annuity in an IRA. However, there may be some good reasons. In California the state taxes the purchase of an annuity at 2.5% when purchased in a taxable account versus 0.5% if held in an IRA. Since annuity income is ordinary income when paid out then there is no tax opportunity cost to have it held in an IRA. (What I mean that if an asset produced tax advantaged income such as a long term capital gain then that asset should not be …

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Dallas’ D Magazine Ranks John Best Financial Planner Eighth Consecutive Year … WOW

We have just been informed that D Magazine has chosen us once again for the November 2014 Best Financial Planner award.

D Magazine Best Financial Planner

I am VERY proud to announce being chosen for an eighth consecutive time for D Magazines “Best Financial Planner” award. The November issue will feature  myself as well as many of my peers who were also nominated.  Congratulations to all.

DmagLogo

Thank you D Magazine…You are the best !!

Have a great Day!

John A. Kvale CFA, CFP

http://www.jkfinancialinc.com
http://www.street-cents.com
8222 Douglas Ave # 590
Dallas, TX 75225

Filed under: Investing/Financial Planning, John KvaleRead More

QDRO vs Transfer Incident to a Divorce

sometimes people discuss transfer incident to a divorce in tall buildings in big cities

Photo courtesy of S. Charles on unsplash.com.

Divorcing couples often face the need to split up some retirement account assets.  This can be done from a retirement plan such as a 401(k) or 403(b), or from an IRA.  Depending on which type of account you’re splitting, the rules are very similar but are referred to by different names.  For a qualified retirement plan (401(k) or 403(b) plan), the operative term is Qualified Domestic Relations Order or QDRO (cue-DRO).  For an IRA, the action is known as a transfer incident to a divorce.

We discussed the QDRO in several other …

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