facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog search brokercheck brokercheck Play Pause

Media

Congress provides financial relief to retirees by waving required minimum distributions for 2020 Thumbnail

Congress provides financial relief to retirees by waving required minimum distributions for 2020

With the passing of the CARES Act, Congress provided some financial relief to retirees by waving required minimum distributions (RMDs) for 2020. Melanie Ross, CFP®, with NCA Financial Planners answers some common questions retirees are asking. 1. What if I already took my RMD this year? 2. Will the IRS double the required amount in 2021? 3. Will my 2021 RMD be based on 2020 year-end balances? 4. Should I take my RMD or skip it?

Learn More
IRS "Dirty Dozen" Scams for 2020, Part 2 Thumbnail

IRS "Dirty Dozen" Scams for 2020, Part 2

Kevin covers the seconds half of the list. 7. Scams targeting non‐English speakers 8. Unscrupulous Return Preparers 9. Offer in Compromise Mills 10. Fake Payments with Repayment Demands 11. Payroll and HR Scams 12. Ransomware

Learn More
IRS "Dirty Dozen" Scams for 2020, Part 1 Thumbnail

IRS "Dirty Dozen" Scams for 2020, Part 1

Every year the IRS unveils their “Dirty Dozen” scam list. Kevin tackles the first half of the list on WTAM AM 1100. To make matters worse, these scams happening during the pandemic allow crooks to take advantage of the money being passed out under the cares act. With more money coming, these scams will explode over the next few months. 1. Phishing 2. Fake Charities 3. Threatening Impersonator Phone Calls 4. Social Media Scams 5. EIP or Refund Theft 6. Senior Fraud

Learn More
6 Tips for "Fun Trading" Thumbnail

6 Tips for "Fun Trading"

You often hear Kevin talk about being a long-term investor. But what if you want to have a little fun being a trader? Here are Kevin's 6 tips: 1) Carve out some funds you are willing to lose. 2) Decide on a system you want to use. 3) Put in time to learn and understand the system 4) This should not feel like gambling. 5) Don’t forget a sell discipline 6) Don’t let emotion get in the way.

Learn More
2020 IRA Withdraw Changes Thumbnail

2020 IRA Withdraw Changes

Until the end of 2020, you can withdraw money out of your IRA if you are under 59.5 years old without the normal 10% penalty as long as you meet the qualifications under the cares act. Kevin explains how it works and questions you need to ask before you pull out the money. • How do you qualify? • Is there a way to avoid taxes? • Let’s talk about the three questions you should ask yourself before you withdraw funds from IRA. • Am I aware I will pay the funds back with after-tax money? • What is your retirement plan? (Replenishing money that took multiple jobs and years to accumulate may mean working longer than you intended.) • Are you prepared to track this money for three years and potentially incur IRS debt? • Bottom line, should people take advantage of this?

Learn More
Upcoming changes to National debt in 2021 Thumbnail

Upcoming changes to National debt in 2021

National debt is now around 25 trillion dollars. No matter who gets elected, we are going to see some big changes in 2021. Here are 5 things you should be aware of: 1. Increase in tax rates 2.) increase in social security (137,000 to 400,000) 3) increase or elimination of capital gain tax treatment 4) Elimination of step up in basis 5) A national tangible tax

Learn More
Check the background of this firm/advisor on FINRA’s BrokerCheck.