Avoiding IRA Rollover Problems With the exception of Roth IRA conversions which are exempt from the once per year IRA Rollover rule, a taxpayer needs to be careful and follow the new IRS rules set in motion recently pertaining to rollovers. There are two ways to move IRA money to another IRA that being directly…read more »
Estate Planning – using Trusts In addition to having a Will, depending on your financial situation you might want to consider using trusts in your estate planning strategies. There are numerous types of “trusts” which can range from quite simple to very complex and hard to implement. Number one rule if the trust is to…read more »
How to Hire a Financial Planner When considering hiring a financial planner, what should you consider, an established planner that has been in practice many years or a new planner? There are advantages and disadvantages to hiring a new or experienced financial planner. First consideration should be are they a “fee-only financial planner” or do…read more »
Divorce Settlements – Your Residence Divorce can be one of your largest financial transactions that you will experience in your lifetime, so be sure you are prepared to achieve the most equitable divorce settlement. Listed below are four common mistakes you should avoid making with your principal residence: 1. Not knowing your true cost basis…read more »
Buying US Savings Bonds An alternative to buying certificates of deposits (CD’s), saving account and money market funds can be found via US Savings Bonds. US Series I Savings Bond pay a yield that is tied to the Consumer Price Index and is adjusted twice a year in May and November; the current yield is…read more »
Establishing an Emergency Fund Welcome to DFI Wealth Strategies Blog The goal of this blog is to bring you on a weekly basis articles on a variety of financial planning topics to include financial planning, investment portfolio management, tax and estate planning, cash flow management, insurance planning, business planning and general consumer related financial…read more »
