Financial Planning

Traditional IRAs: 3 Penalty-Free Withdrawals are Allowed Before Retirement

Posted on: March 4th, 2013
Traditional Individual Retirement Accounts (IRAs) may receive annual contributions up to $5,000 (as of 2013), and individuals over the age of 50 may contribute an additional $1,000. ...

Don’t Let Them Boss You Around!

Posted on: September 17th, 2012
Dealing with financial institutions is not always easy; nor are the institutions always in the right. This is a big frustration in practicing estate planning and probate law....

Duke’s OLLI Program to Offer Retirement Course in 2012

Posted on: December 13th, 2011
Local Financial Planner Janet Ramsey, MBA, CFP will be offering a course entitled To the Health of Your Wealth as part of Duke University’s OLLI program. ...

Reverse Mortgages – the Impact on Older Homeowners

Posted on: March 1st, 2011
From a recent AARP report: reverse mortgages offer older homeowners a way to tap home equity to meet financial needs in retirement. However, the collapse of the mortgage market in 2008–2009 has led to major changes that impact consumer choices. ...

Don’t Pay more than 24.5% Tax on Your Roth Conversion

Posted on: January 13th, 2011
Do you think you have to pay income tax on large ($500k++) Roth IRA conversions at the top marginal tax rates? Think again. I have recommend the following strategy to several of my clients. In most cases, you can stay with your current investment manager....

FDIC Insurance Permanently Increased to $250,000 per Depositor

Posted on: July 23rd, 2010
Here’s the text of the press release from the Federal Deposit Insurance Corporation: Note: for the rules that apply trust owned bank accounts (and other types of ownership, click here....
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