If you are age 70½ or older and charitably minded, you may wish to consider tapping your individual retirement account (IRA). The qualified charitable distribution (QCD), also known as an IRA charitable rollover, allows you to donate up to $100,000 per year to qualified charities. A QCD can be made
If you’ve noticed a change to more targeted advertising from financial service companies in Memphis and beyond, it’s part of an industry-wide chase to connect with the next generation of clients. They’re coming into their own as mature adults and will inherit a tremendous amount of the wealth in the
It’s fairly common that people with basis (after-tax money) in their IRA’s don’t know they are sitting on unrealized opportunity. Often enough, this opportunity is unintentionally squandered or turned into a financial mess. It’s the kind of mess for which I have to invoke the imagery of a tangled slinky.
I’ve met with many clients in the Memphis area over the years who are in financial straits. I have sat with them patiently and done the budgets and shown them how they are getting further and further behind. Usually those meetings ended with a referral to a debt consolidation company
Like most men, I grew up idolizing cars. In the 80’s I remember participating in reading time in the library during school. For some reason, they had a ten year history of Car and Driver and MotorTrend magazine. I spent all my allotted time learning about Countaches, 911s, and Testarossas.
If you ever heard a financial services professional say, “Are you afraid of losing all of your money?” I can tell you what is coming next. Be wary of anyone who specifically sells fear, because you’re being set up to buy something to ease that fear. Before you proceed any
About a year ago I was waiting for someone at a local Memphis restaurant. I looked around and couldn’t help but notice… this place is full of financial advisors. We know our own, and we all dress pretty similar in the daylight. If I were a potential client, I thought,
We commonly don’t hear from clients for a little while as they’re humming along on the path to financial success. Life is good, they’re feeling confident with where they are putting their money, then it’s time to do taxes. Unfortunately for some of them, this is the year their earnings
Securities offered through LPL Financial, member FINRA / SIPC. Investment advice offered through Private Advisor Group, a Registered Investment Advisor. Private Advisor Group and Memphis Planning and Wealth are separate entities from LPL Financial.
Jeff Grimm offers securities and advisory services through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC.
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