What’s Fly Fishing Got to Do with Investing?

Month: July 2014

July 29, 2014  |  

What’s Fly Fishing Got to Do with Investing?

More than you might think. Key Takeaways Good fishermen are like good investors: They’re always trolling for opportunities. They use a wide variety of tactics and rely on proven science to make informed decisions. Just like great anglers always have a line in the water, successful investors always have their capital deployed somewhere. Patience is a key to successful investing and fishing. As some of you know, I spend as much of my free time […]


July 17, 2014  |  

IRS Reverses Long-Standing Position on One-Rollover-per-Year Rule

The IRS has indicated that it will follow the recent Tax Court decision in Bobrow v. Commissioner, which held that a taxpayer may make only one tax-free, 60-day rollover between IRAs within each 12-month period, regardless of how many IRAs he or she maintains. However, the IRS will not apply this new interpretation to any rollover that involves an IRA distribution occurring before January 1, 2015.  Also note that Direct transfers between IRA trustees and […]

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July 8, 2014  |  

401(k) Plan Fees – Do you know what they are costing you?

Key Takeaways Despite disclosure rules adopted in 2012, 401(k) fees are still very murky and often overlooked by retirement plan participants. Hidden, seemingly innocuous fees can add up to hundreds of thousands of lost dollars over time. Employers are required to have fiduciary responsibility over their company’s retirement plans, including full disclosure of fees, expenses and investments. Using a financial advisor who’s authorized as a 3(38) fiduciary can greatly reduce your liability if you’re an […]

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