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Our CIO and Founding Partner, Michael Durso, CFA®, was recently interviewed by Bloomberg and weighs in on ways to invest your money in 2022 https://www.bloomberg.com/features/how-to-invest-100k-q3-2024/ MEDIA Michael Durso Jul 16, 2024 1 min read

Our planning discussions revolve around devising strategies to meet a client’s Required Minimum Distributions (RMDs). One such strategy we often assist clients with involves the utilization of a Qualified Charitable Distribution (QCD). A QCD empowers individuals aged 70 ½ or older to donate directly to one or more charities from a taxable IRA, bypassing the need to take their required minimum distribution. But why might this approach be advantageous? Tax Savings: Channeling f

Second-to-die life insurance can be a valuable tool for married couples planning for their financial legacy. The death benefit is paid out upon the death of the second insured person. This type of insurance can be used in estate planning to help offset tax ramifications for inherited IRAs, especially considering recent changes to how inherited IRAs are treated under the SECURE Act, passed in December 2019. Here’s how a second-to-die life insurance policy can help mitigate the

Systematic tax loss harvesting is a strategy that ShoreHaven Wealth Partners has implemented throughout our taxable investment accounts. There was no better year to implement this than 2022, as tax savings benefits hit an all-time high for clients on the 55ip Platform1. With that said, explaining what you should know about the potential benefits you may receive from implementing this strategy was essential. First, let us explain what tax loss harvesting is. It is an investmen

In 2010, the Roth IRA conversion law changed. Before 2010, there was an income limit on Roth conversions. If your income exceeded $100,000, you could not convert to a Roth IRA. The law was repealed permanently in 2010, enabling higher-earning individuals to convert to a Roth IRA. The chief advantage of a Roth IRA is the more flexible rules concerning distribution. For example, contributions to a Roth IRA can be withdrawn at any time without penalty. Additionally, earnings in