"America's IRA expert," Ed Slott, recently told other industry experts that "an IRA is just an IOU to the IRS." Slott says he doesn't see any benefit to using a traditional IRA right now because tax rates are so low. In this video, Dustin with Mundorf Wealth Management explains to Erin Kennedy why he agrees that more people need to consider tax-free accounts.
The S&P has been on a rally lately, which is why some of us look at our portfolio and wonder why it's not up the same amount. In this video, Dustin with Mundorf Wealth Management and Erin Kennedy break down why you don't necessarily want to see huge swings in your portfolio (up or down), because that volatility might not be in line with your risk tolerance.
When considering which assets to leave your beneficiaries, there's one asset that's loaded with taxes: IRAs. Inheriting an IRA is very different from inheriting a Roth IRA. In fact, without proper planning, as Dustin with Mundorf Wealth Management explains to Erin Kennedy, the #IRS may end up being your largest beneficiary!
In this video with Mark DiOrio, Chief Investment Officer at Brookstone Capital Management, we take a closer look at how we build each portfolio, and we explain why advanced strategy diversification is so important.
Between 2014 and 2016, 41% of people cashed out at least part of their 401k when leaving a job. And since most people will change jobs several times before retiring, Dustin and Erin are breaking down the best (and worst!) options when it comes to your old 401(k):
If you have a family or assets, you need an Estate Plan. In this video, Dustin at Mundorf Wealth, Erin Kennedy, and Mark Perkins discuss what makes up your taxable estate (Hint: it's more than just your home!) and who needs an estate plan.