As a Wealth Manager, one of the questions I ask my clients is “Are you considering moving when you retire?” If you are thinking about moving or downsizing when you retire, there are a few basic things that you may want to consider: Do you want to move to be closer to family? This is…
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Given all the planning landscape changes over the last month, are there specific things you should now be considering? Here are a few ideas that may be worth exploring, especially now. Roth Conversion? The CARES Act suspended the need to take required minimum distributions (RMDs) from your IRA and qualified plans. If you are in…
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A careful reading of Pinnacle’s fourth quarter investment review will find no mention of a pandemic that would, within a matter of weeks, create the conditions for a global recession. The necessary closing of economies around the world has resulted in the first ever recession by proclamation, where market participants everywhere and at the same…
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I write this from my kitchen table. It is my new office, and my family has to check that I am not in a virtual meeting to come into the kitchen, because I am easily distracted. I am on the cell phone and the computer all day long. My wife is also working from home.…
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Throughout the Coronavirus challenge, Pinnacle Advisory Group wants to keep you in the loop concerning important financial developments that may impact you. As a result, below is the summary of an announcement concerning 2019 income taxes to be filed in 2020. On March 21, 2020, the federal government announced the following concerning 2019 income taxes…
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Whew, what a difference a year makes. The final quarter of the decade proved to be very different than the nerve-wracking ending of 2018, with risk assets enjoying a strong rally into the end of the year. U.S. stocks soared by almost 9% in the final months of 2019, putting the finishing touches on the…
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Last week, President Trump signed the Setting Every Community Up for Retirement Enhancement (SECURE) Act into law. Here are some of the retirement enhancements the act offers, effective January 1, 2020: Required Minimum Distributions (RMDs) from 401k, 403b, and IRA accounts will not be required until the year in which the account owner turns age…
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As an entrepreneur, you’ve probably been so busy building, nurturing, and growing your business, that you haven’t had any time to think about your own retirement. That time has finally come: It will probably take several years to plan the successful sale of your small business, so it’s a good idea to get started now…
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Among the resources available to enable investors to achieve both their pre-retirement and retirement goals, the Roth IRA is a particularly valuable “arrow in your quiver.” As a savings vehicle, a Roth IRA is available to anyone, regardless of age, who has earned income up to certain annual limits (a phaseout range of $122,000 –…
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If you use a computer, you are vulnerable and at risk of having your information compromised. I am old-fashioned, and while I use a computer for many things, I don’t use it for on-line banking. I have to wait until my bank statement arrives every month to check for my deposits and withdrawals and balance…
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