Selecting a Financial Advisor
by David K. Sebastian, CFP®
Competency, conviction, and trust are just a few of the words that begin to describe some of the attributes to look for in a professional financial advisor. Advice, solutions, and results are some of the deliverables you should expect. If you are like most people you will want an individual who will incorporate all of your needs, goals and objectives into a plan that is right for you. These six steps can help you locate and get the most out of this important relationship.
[FULL STORY]
|
|
Withdrawing IRA Funds
If you are planning to use individual retirement accounts (IRAs) as part of your retirement funding, you need to understand the basics of IRA withdrawals. The tax laws regarding withdrawals from IRAs are complex and can be confusing. To avoid unnecessary penalties and to ensure you withdraw the funds efficiently, let's review the basics.
[FULL ARTICLE]
|
What’s So Special about a Roth IRA?
Even though Roth individual retirement accounts
(IRAs) have been around since 1998, many investors aren't aware
of all the differences between traditional and Roth IRAs or the unique features and advantages of Roth IRAs. Thus,
many investors aren't sure which IRA may be the better alternative for them.
As a summary, the unique features of a Roth IRA include...
[FULL ARTICLE]
|
Extending Your IRA’s Life
Individual retirement accounts (IRAs) are
typically viewed as retirement planning vehicles. But with increased
contribution amounts and the ability to roll over 401(k) balances
to a traditional IRA, many IRA owners are finding they won't use
their entire balance for retirement. Thus, IRAs are quickly becoming
major estate planning tools. When used for estate planning, the
goal is to extend the IRA's life as long as possible so beneficiaries
can benefit from the tax-deferred (for traditional IRAs) or tax-free
(for Roth IRAs) growth.
[FULL ARTICLE]
|
Should You Rent or Own?
It seems like everyone either owns a home
or is saving to purchase a home. Certainly, there are significant
financial and tax reasons for owning a home. While you typically
only make a down payment of 10% or 20% of the home's cost, you
retain all price appreciation on the home. Part of each mortgage
payment builds equity in your home. In the beginning, that may
only be a small portion of each payment, but significant equity
can be accumulated over a period of years. Historically, homes
have provided a good hedge against the impact of inflation.
[FULL ARTICLE]
|
Is There Still a Need for Second-to-Die Life?
Survivorship life insurance policies, also
known as second-to-die life, insure the lives of two individuals, with the insurance
proceeds paid only after the death of the second insured. Although this type of insurance can be used for many purposes, it is typically used to provide financial liquidity to pay estate taxes
after the death of the second spouse. But with the repeal of the
estate tax slated for 2010, is second-to-die life insurance still needed?
[FULL ARTICLE]
|
|
|  |
|
|
David K. Sebastian, CFP®, and his team of experts at The Physicians Wealth Management Group specialize in working with individual physicians and group medical practices. David is considered to be one of the top financial advisors in the country with more than twenty five years of Wall Street experience as a chief investment officer, portfolio manager, institutional bond trader, and estate planning, benefits planning and retirement consultant.
Commitment to his clients’ financial needs and well being is a primary motivation for David.
The Physicians Wealth Management Group was specifically created to address and manage all of the unique financial challenges that doctors are facing both individually and through their group medical practices.
Feel free to contact me at
www.physicianswealth.com or
dsebastian@sfr1.com
or call me at (973) 285-3600
|
|
|
