David Morgan and his class from Parkway West celebrated their 50th high school reunion last week! Congratulations to all involved!!!

Those With Large IRAs Need Roth Conversions Now, Ed Slott Says

From: www.fa-mag.com

Now that the Internal Revenue Service has released its final regulations on required minimum distributions for IRAs, inherited IRAs and 401(k)s, clients with large tax-deferred accounts need to seriously consider Roth conversions before 2017’s tax rate cuts expire at the end of 2025, said IRA expert Ed Slott.

The reason? The current marginal tax rates may never be this…

The Financial Statements…explained on ONE page

From: www.linkedin.com (Josh Aharonoff, CPA)

It doesn’t matter what industry you are in…

EVERYONE should understand how to read financial statements

When you understand Financial Statements you…

✅ Understand more about business

✅ Can perform your job in Finance & Accounting better

✅ Can build a robust forecast

and so much more

Let’s do a deep dive on how they work

➡️ The Profit & Loss (also known as Income Statement)

This statement is…

9 New Tax Projections for Retirement Planning in 2025

From: www.thinkadvisor.com

Every year, many numbers in the Internal Revenue Code are adjusted for inflation, ranging from the amount of the standard deduction to key limits for annual contributions to tax-advantaged retirement accounts.

Generally, the IRS sets its formal adjustments in mid-October, but there is now enough inflation data available to make relatively reliable projections for 2025 possible — and that is exactly…

50 Years Later, Was Erisa Worth It?

From: www.morningstar.com

Our analysis reveals how the landmark law has affected workers’ retirement income.

In 1974, Congress transformed the American retirement system.

By a unanimous vote in the Senate and a margin of 407-2 in the House, it passed the Employee Retirement Income Security Act.

The goal was to protect workers who had lost their pension, like those of the bankrupted Studebaker-Packard corporation. It was intended to…

Global Debt Reaches $315 Trillion

From: www.linkedin.com

Global debt is at $315 trillion, up 21% since COVID-19.

The Downside of Falling Interest Rates

From: www.nytimes.com

With the Federal Reserve expected to cut short-term interest rates later this month, investors face some tricky choices.

While falling rates are usually viewed as a boon for the stock market, that’s not the case for all parts of the investment universe. In fact, for money you may need soon, where safety is a major priority, falling interest rates aren’t great news at all.

Whenever…

Inheriting a Home With Your Siblings? Here’s All That Can Go Wrong

From: www.realtor.com

If you and your siblings are on track to one day inherit your parents’ home, take heed of this cautionary tale.

In a Reddit thread AmITheA—le, a poster recounts how when his mom died in 2018, she left him and his two siblings her house.

“My siblings wanted to sell the house and split the money,”…

Why Should You Consider a Roth IRA Conversion?

From: www.schwab.com

A Roth IRA conversion involves moving assets from other retirement plans into your Roth IRA. Learn how to convert a Roth IRA and whether it’s right for you.

Does it ever make sense to pay taxes on retirement savings sooner rather than later? When it comes to a Roth individual retirement account (IRA), the answer could be yes. A Roth IRA is…

The Fiduciary Advisor Network Welcomes David Morgan as Its Newest Member

From: www.einpresswire.com

JACKSONVILLE, FLORIDA, UNITED STATES

The Fiduciary Advisor Network proudly announces the addition of a distinguished new advisor, David Morgan, of The R.E.A.P. Companies. This partnership not only strengthens the network’s capacity of esteemed advisors, but also promises significant benefits for the Jacksonville community.