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Personal finances

The Tricky Truth of Inheritance in the 21st Century

Inheritances are a complicated thing. Not only are there often strings attached in the eyes of the government, unexpected taxes, and complicated bequeathments, but there are also potential conflicts within families. And not to mention the fact that the potential windfall was the result of a relative's death. Inheritances are very complicated.

In-Service Withdrawals from Employee Retirement Plans



If you withdraw money out of a workplace retirement plan in your fifties, will you be penalized for it? In most cases, the answer is yes. Distributions taken from a qualified retirement plan before age 59½ usually trigger a 10% IRS early withdrawal penalty. The key word here is “usually,” for there are ways to make these withdrawals with no IRS penalty, even while you are still working for your employer.1


Belly Up To The RMD ATM

Many Baby Boomers face required minimum distributions from their retirement accounts in 2017.

As we reported in our blog from March 23, 2016, the oldest (aged 70½ or older) of the nation’s 75 million baby boomers, must begin annual withdrawals from their tax-sheltered retirement accounts and pay taxes on those distributions. This mandatory movement of cash could total hundreds of billions in the coming decades.

On the Process of Coaching and Hidden Opportunities

Business Coaching is becoming more available to the population than ever before.  In fact many seasoned or successful business owners and or executives transi

Commodities Corner: February 29, 2016

Stock markets ended February with a thud, giving up an earlier 1% rally and ending down ½% following disappointing economic data from a Chicago Manufacturing Index and national Pending Home Sales.  Fixed income markets were relatively unchanged at days’ end.

Retirees' biggest regret

Studies tell us that retirees regret not saving enough -- and not starting to invest early enough. 

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Gary Nagel, Dennis Spratt and James Powers are Registered Representatives offering securities and advisory services through Geneos Wealth Management, Inc., Member FINRA/SIPC, a registered broker-dealer and registered investment advisor. This communication is strictly intended for individuals residing in the states of AR, CA, CO, FL, IA, IL, KS, MA, MD, MI, MO, MN, NC, NE, NM, OK, TX, VA, and WA. No offers may be made or accepted from any resident outside the specific state referenced.

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