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Ask Ed: Financial Planning Questions And Answers



Ask Ed: Financial Planning Questions & Answers

Ask Ed: Financial Planning Questions & Answers

Question: If I have a rollover from a 401-k to an IRA, does the rollover count toward the  $1,362,800 cap?

Answer: No

Question: What amounts are protected against general creator protection as opposed to bankruptcy, which is governed by the bankruptcy code?

Answer: The non-bankruptcy protections vary from state to state.

Question: What treatment is applied when a claim is brought against an investment inside the IRA? An accident by a customer of motorcycle rental business owned by the IRA for instance?

Answer: Generally, if an LLC was established as owner of the business inside the IRA, the IRA claim can be mitigated.

Have a question? Contact Ed Mahaffy.

A GIFT FOR YOU!

Complimentary Copy Of eBook: How To Select A Financial Advisor
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Ed Mahaffy

Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Long-term relationships that encourage open and honest communication have been the cornerstone of my foundation of success.

Our approach is cost-effective and tax-efficient. As an independent investment advisor, we can offer you a personalized financial strategy, not a generic investment program. Your individual portfolio will be based on your unique situation, your values, your preferences and your goals. It will be designed to account for change, in the markets and in your circumstances.

As your professional partner, we’ll work hard to earn your trust and confidence, and provide the advice and service you deserve. Send me a note regarding any questions you may have about any particular investment concepts or products. We’ll get back to you quickly with a thoughtful answer.

Request A Copy of “How To Select A Financial Advisor” at

https://www.clientfirstwm.com/download-my-book

You can reach me directly at ed@clientfirstwm.com or call 501.603.0406

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