October 6, 2015 David McKnight
Do Roth Conversions Satisfy Required Minimum Distributions?

When advisors assist their clients in repositioning their assets from tax-deferred to tax-free, the following question sometimes arises:  If my client does a Roth Conversion, does that count towards the Required Minimum Distribution?  The short answer is no. Let me illustrate with an ex...

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September 22, 2015 David McKnight
Illinois a Microcosm for What’s to Come in the U.S.

Bolstered by the testimony of David Walker, Lawrence Kotlikoff and others, I have long maintained that the United States is on an avoidable path to fiscal insolvency.  Every year that goes by where Social Security and Medicare aren’t reduced by 1/3 makes the reality of higher taxes down t...

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May 13, 2015 David McKnight
The Real Cost of Owning a Mutual Fund

Bob Ritter, the owner and founder of Insmark, Inc., wrote a recent blog entry in which he discusses a Forbes.com article about the most recent studies on the true cost of owning a mutual fund.  According to the article, the total all-in yearly expense for the average mutual...

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November 18, 2014 David McKnight
Tales from a CPA Conference

Yesterday I had the opportunity to address about 100 CPA’s at their annual symposium.  As I led them through my presentation, a couple of things really stood out.  First, when I asked how many of them thought that tax rates were going up, nearly all of them raised their hands. ...

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September 15, 2014 David McKnight
Can you contribute to a Roth 401(k) and a Roth IRA in the same year?

Clients ask us this question all the time.  This article on Ed Slott’s website gives us the answer and goes further by explaining income thresholds for Roth IRAs (single, married, and married filing separately–this one may surprise you) as well as the deductibility of Traditional IR...

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