59.5 is the age where the 10% federal withdrawal penalty goes away. This is true of IRA’s and most company plans. How you coordinate your distribution strategy is both a question of income and of age.   Connect with Financial Enhancement Group:...

Age 55 is when your 401k may provide for a retirement distribution without imposing a 10% federal penalty for early withdrawal. There are income restrictions, but there is flexibility here for individuals retiring at younger ages.   Connect with...

Uniform Transfers To Minors (UTMA) provides a mechanism for investing assets for minor children. The age of majority varies from state to state. Indiana’s age of majority is 21 and at that point the child has total access to the investments without...

Tax reporting is what we are all doing right now. Tax planning is what you did before the end of the year. Reporting tells the IRS the tax story of last year. Tax planning prepares the story for you to find maximum tax efficiency.   Connect with...

Inflation is usually slow to show up, like gaining a pound or two a year. Typically, it doesn't make a great deal of difference until it does. The destruction of your purchasing power - a dollar buying less today than it did in the past - is one of...

As you get older you realize that things change - your investments are no different. What made perfect sense to you 20-30 years ago may not make sense today. The good news is there is always a way to make the most of those accounts that you no longer...

Fixed income is an important attribute to any investor’s portfolio. One can receive income from interest and dividends from a stock; a coupon from a bond; or the interest earned on a CD - but which vehicle makes the most sense for your situation? To...

Very often we hear people say they don't want to keep all their financial eggs in one basket. The feeling of having accounts with multiple advisors and banks brings a sense of safety to families that they will not lose all their money. Call it...

Many people do not know that they can request a direct tax-free rollover from their 401(k) to an IRA before they retire. Even more people don't know why it could be beneficial to move your 401(k) assets into an IRA. This rollover is called an...

The most common retirement strategies are to take social security early and delay retirement account draws, is that the right way to go? Tune in to Consider This to learn more!   Connect with Financial Enhancement Group: Visit our Facebook page...