Archive - June 2016

1
Qualified Plan Rollovers
2
Net Unrealized Appreciation
3
Language Matters: Robo-Advisor vs. Robo-Investing
4
Financial Planners, Investment Advisers, Brokers? Who can help me?
5
Language Matters: Fee-Based vs. Fee-And-Commission Based

Qualified Plan Rollovers

Combining and rolling over various retirement accounts is a decision that many individuals will face during their working career and in retirement. For individuals that are already retired, they may consider combining accounts to make required minimum distributions a bit easier (less paperwork, companies to deal with, etc.). Individuals that are still working may consider combining accounts as they switch jobs in an effort to consolidate plans from various employers to their IRA, Roth IRA or current employer plan. What follows are some considerations as well as a handy guide form the IRS regarding what rollovers and consolidations are allowed …

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Net Unrealized Appreciation

This widely misunderstood section of the IRS code can be quite a benefit – if it happens to fit your situation. Net Unrealized Appreciation (NUA) refers to the increase in value of your company’s stock held within your 401(k), either due to a company match or your own investment in the company stock within the 401(k). Other company-sponsored deferred accounts can apply here as well, but the primary type of account is the 401(k), so we’ll refer to all company-sponsored tax-deferred accounts as 401(k)’s for the purpose of this discussion.

In order to take advantage of the Net Unrealized Appreciation …

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Language Matters: Robo-Advisor vs. Robo-Investing

David M Zolt writes in his article “Industry needs to rid itself of misleading labels” that “profound misrepresentation is just one of the many ways the financial services field misleads customers with language.” It is absolutely true. He explains:

Language matters. …

So when the advent of automated portfolio management came around, the label “robo-adviser” was coined. The fact that no “advising” is going on here didn’t faze a field that’s entirely too comfortable with false labels. Robo-investing is the correct term. Have we become so numb to the misuse of labels in financial planning that when this

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Financial Planners, Investment Advisers, Brokers? Who can help me?

Financial planner. Broker. Investment adviser. Do you know what each of these financial professionals does? Do you know how they are compensated for their services? Are they fee-based? Fee-only? Commission-based? Does it make a difference?

Financial advising is a field populated by many different types of services and means of compensation, and understanding these differences can help you to choose the right type of financial professional to help you meet your financial life goals.

Sorting out the players

  • Investment Advisers

These are professionals who give advice on investments, including stocks, bonds, and mutual funds, and oversee these investments on your …

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Language Matters: Fee-Based vs. Fee-And-Commission Based

David M Zolt writes in his article “Industry needs to rid itself of misleading labels” that “profound misrepresentation is just one of the many ways the financial services field misleads customers with language.” It is absolutely true. He explains:

Another highly misleading label is “fee-based.” As a fee-only, comprehensive financial planner, when I ask prospective clients how and why they chose me, many of them say it’s because I’m fee-based. These are people who have done their homework and have concluded that it’s in their best interest to hire someone who is not a salesperson pushing product, but

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