Required Minimum Distributions are straightforward and simple, right? Wrong. Why is this kind of planning so important? In a word, TAX. Distributions from qualified accounts are generally taxed as ordinary income. Conversely, ROTH IRAs and ROTH 401(k)s are not subject to RMD’s. So, what does it take to create a…
Beneficiary designations are one of the keys to successful asset transfer. Yet, this simple step often leads to unintended consequences. OmniStar Financial Group advisors break it down and illuminate the most common mistakes.
Patience is rewarded, and just in time. We are sharing the 5 Tax Environments and how to make them work for you.
Are you considering or already been involved in the charitable activity? Learn how to integrate charitable giving as part of your financial, tax, and estate planning. Feel free to download the full slideshow.
The tax element can serve you in a multitude of ways. This video discusses the below: Saving tax money spent Growing assets in a tax-deferred/tax-advantaged account How best to pay yourself if you own your own business When to pay yourself and staff vs. paying uncle sam (profit sharing) Taking…
The purpose of the form CRS is to provide the client with easy to understand language that will detail the way their advisor operates. It is so easy to use, in fact, that it states the questions you should be asking your advisor and their team. Key Questions Given my…
The US Securities and Exchange Commission is everyone’s favorite federal agency responsible for regulating the US markets. The SEC is located in Washington DC, this agency was created when Franklin D. Roosevelt signed the Securities Exchange Act in 1934. Before the creation of the SEC, oversight of trade in stocks,…
Wealth management is complex, we try to simplify life for clients by breaking it into 10 elements. Many of these elements carry sub-elements. Our goal is to focus on one element each month to provide you with a comprehensive overview of each. Of the 10 Elements, Cash Flow is one…
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