[CoachKandSportsguy]

Originally Posted by Sabella

Does anybody know when you turn 73 and you have to take your RMD from an IRA And you deferred compensation plan besides charity donations or switching to a Roth IRA (which is I understand that it’s not possible unless you are employed )are there any other way legally to not take any distributions or to reduce tax liability?

So you have been successful,
you haven't paid taxes on part of your earnings,
you have made money like many billionaires, millionaires, and other wealthy investors,
and you think that you shouldn't owe any money like they do?

Taxes are a by product of success, everyone should pay their share, You have been successful? Great! pay your share, and invest the remainder again!
and personally, I would rather be paying taxes than begging for handout from the government.

Lets say your incremental tax rate is 25% on all the RMDs right now
Let's say a reasonable investment return is 8% per year.
You can get back to even within three years. .

So if you still can, roll over as much as you can from your IRA to a Roth or a taxable brokerage account, up to 25% incremental tax rate, and reinvest the after tax dollars in the same way you have or visit with your advisor and reinvest it for 8% target growth. . in three years plus, you will be back to where you are now. . . say 5% interest rate/annual return, you are whole again in 4 years. .

If you think that millionaires / billionaires don't pay taxes as a general rule, you are missing the point of investing. . millionaries/billionaires focus on making money successfully. .

only CPAs are trained to get apoplectic with very large tax bills (the technical term is tax adverse) and i love my CPA friends . .

former finance (not accounting) guy

[Veracity]

Tyler Jackson of Raymond James Precision Wealth Management in the Brownwood Paddock Square has done an awesome job for us. Here is his contact information:

Tyler C. Jackson
Vice President, Wealth Management
Phone 352-571-3123 Text 352-309-1331 Mobile 352-406-5975
Web Precision Wealth Management - The Villages, FL
Email tyler.jackson@raymondjames.com
2631 West Torch Lake Drive
The Villages, FL 32163
Florida Insurance License Number: P103415

[Bilyclub]

For all of Michael Whitaker GWG L Bond holders and for anyone holding on to hope

[Grill Meister]

I cannot recommend Kenneth Wingerter more highly, He is financial VP with Morgan Stanley, down in Venice, FLA. He has been directing my investments for many years and consistently show growth. He bases his management on you business style, ie., agressive, conservative, etc. Yes, he charges you a fee, which is to your benefit. He works for you and not for the company that pays his fees.

Get in touch with Kenneth and do your own leg work with him, vs. someone's recommendation.


ken.wingerter@morganstanley.com


ken.wingerter@morganstanley.com

[KeithD]

Fidelity is a great choice if you want self directed. Fisher is great if you want a managed account. Stay far away from parady as they push annuities.

[Carolynphelps]

Andy Patrick with Citizens First Bank Wealth Advisors

[Mrmean58]

Originally Posted by Vinscalese

Moving to The Villages and need a new Financial / Retirement professional ? I have worked with Merrill / Goldman in the past but looking for a local more personal experience going forward. Thanks all !

If your current investment firm has done a good/great job getting you to retirement, why leave them when you have reached your goal. We moved from the left coast and kept our WF Advisor. I can call him and his team at any time. We have quarterly video calls. I monitor investments via an online acct. Easy peasy. No need to change.

[JRcorvette]

Originally Posted by Vinscalese

Moving to The Villages and need a new Financial / Retirement professional ? I have worked with Merrill / Goldman in the past but looking for a local more personal experience going forward. Thanks all !

I highly recommend Parady Investments. At the very least you should have a sit down meeting with them.

[manaboutown]

Prepare for a HUGE market slide today. Hold onto your wallets!

[MrFlorida]

Fidelity is right here in Sumter Landing, they pester me all the time.

[rsmurano]

Why would you need to switch advisors? You don’t need to see the advisor. You have a phone don’t you? Use it with your current advisor.
The only change I would do is get rid of your advisor, keep your investments if they are making you good money, and start doing this yourself. You should have been learning how your advisor invests your money.
The big test for any advisor is: have they been doing anything to prepare you for what’s coming? I bet not. For months, the market has been going sideways at best and been losing money.
Watch out for annuities, very bad, high costs, minimum gains and low payouts for money invested.

[Stu from NYC]

Originally Posted by manaboutown

Prepare for a HUGE market slide today. Hold onto your wallets!

What am I missing?

[gingersnap]

When we moved to The Villages in 2016, our then current financial advisor in PA was retiring. I called the companies we were invested with for advice. They highly recommended PARADY FINANCIAL. It was GREAT ADVICE as Greg PARADY, and is company, have done great things for us. Good luck to you.

[Joe C.]

Talk to Travis Bender at Blackston Financial on Rt.466. He is a certified Fiduciary. He will find ways to get what you need, and it's a pleasure to do business with. I have made and saved more money with his advice in the last seven years than I have in the last twenty.

[Stu from NYC]

Originally Posted by manaboutown

Prepare for a HUGE market slide today. Hold onto your wallets!

Now I see it, can understand a side but hopefully will not be huge.