Life Insurance
Your IRA Has An Unnamed Beneficiary!
RMDs can present a tax trap for the unwary. Here’s a 4-point checklist to help you avoid the pitfalls.
October 7, 2019
Category: Life Insurance
Family Issues
Ageing Issues Make Financial Planning More Important than Ever!
Jim Lorenzen, CFP®, AIF® When I was a kid, no one I knew had Alzheimer’s. Heck, no one my parents knew had it. In fact,
April 21, 2019
Estate
Retirement Income Knowledge Less Than Believed
Jim Lorenzen, CFP®, AIF® There’s seems to be a huge gap between perceived retirement income knowledge (how much people really know) and the knowledge people
March 10, 2019
Estate
Don’t Make These IRA Mistakes!
Jim Lorenzen, CFP®, AIF® Have you reviewed your beneficiary forms lately? You should. IRA mistakes there can’t be fixed after the IRA or plan owner
February 24, 2019
Estate
Three Quick Tips for Building Family Wealth
Jim Lorenzen, CFP®, AIF® Here are three quick tips you might find helpful: Choose your beneficiaries wisely when allocating inheritance money. Leave tax-deferred accounts (IRAs
February 10, 2019
Charitable Giving
Thinking of Giving to Charity? Here are some options for giving!
Jim Lorenzen, CFP®, AIF® Giving to charity? While most anything can be given to charity, these are the more common forms of donated property: Cash:Cash
September 26, 2018
Investing
Tax-Advantaged or Tax-Deferred? Do you know the difference?- copy
Jim Lorenzen, CFP®, AIF® Tax-deferred and tax-advantaged are two termsoften used interchangeably and, as a result, often lead to a lot of confusion; but, the
June 11, 2018
Family Issues
Your Cash Value Life Insurance Has Value!
Jim Lorenzen, CFP®, AIF® People often purchase cash value permanent insurance, throw the policy in a drawer or filing cabinet, and forget about it. This
April 16, 2018
Life Insurance
How to Turn a $350,000 IRA into $600,000 for Your Heirs!
Jim Lorenzen, CFP®, AIF® IRS mandated withdrawals from retirement accounts – required minimum distributions (RMDs) – must begin by April following the year people turn
April 2, 2018
Life Insurance
Interested in Charitable Giving? You May Want a Wealth Replacement Trust!
Jim Lorenzen, CFP®, AIF® Charitable giving is a way you can truly leave a legacy beyond our own family; However, believe it or not, few
March 19, 2018