Sidestepping Year-End Financial Pitfalls with Pat Runyen

Category: Estate Planning

November 4, 2020  |  

Sidestepping Year-End Financial Pitfalls with Pat Runyen

On episode 15 of The Wealth Cast, Charles talks with Pat Runyen of Independence Advisors about year-end financial planning. They cover pro forma tax returns, the CARES Act, loan refinancing, charitable giving, estate planning, and more. Pat stresses the importance of anticipating both current events and potential future changes in tax law in order to maximize the benefits to you. — Listen to the podcast here: On this episode, I’m joined by my colleague Pat Runyen. Pat […]

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April 21, 2016  |  

Insurance – Don’t Set It and Forget It

Key Takeaways: People change over time and so their insurance needs change too. Insurance policy expenses and their underlying crediting rates can change over time Periodic insurance policy reviews are critical. Remember Ronco founder, Ron Popeil’s, signature tagline for his famous rotisserie oven– “Set it and forget it”?   That might be fine for cooking convenience, but when it comes to insurance, don’t just set it and forget it!  Here’s why. The Questions After almost 30 […]

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February 17, 2016  |  

5 Things to Know About Executors

Key Takeaways This is a great honor, but also a big job Your duties as executor may be in conflict with the family’s wishes Organizational skills are very important  1. What is an executor? An executor is a personal representative who acts on your behalf after you die. You nominate or designate an executor in your will in order to settle your estate. An executor’s responsibilities typically last from nine months to three years or […]

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January 21, 2016  |  

New Year…..Same Investment Principles

Key Takeaways: At the start of every year, you can count on news outlets, economists and fund managers bombarding us with varying opinions about the direction of the market. The only certainty for the market in 2016 is that it will be different from 2015. A disciplined, cost-sensitive, broadly diversified investment strategy creates a portfolio you can live with, year in and year out. You can set your watch by it. About this time every […]

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December 18, 2015  |  

The Conversion Issue: Tax Me Now or Tax Me Later!

Key Takeaways Converting a traditional 401(k) or IRA to a Roth IRA has become a popular estate planning and tax mitigation technique in recent years. The basic idea of a Roth IRA is to pay some tax now to avoid paying tax on your withdrawals in your golden years. Roth IRAs have many benefits over traditional IRAs, but high earning individuals and couples may not qualify. Also, beware of “tax rate” roulette if you fall […]

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