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Category “Planning”

  • There’s basis in my IRA. What do I do?

    It’s fairly common that people with basis (after-tax money) in their IRA’s don’t know they are sitting on unrealized opportunity. Often enough, this opportunity is unintentionally squandered or turned into a financial mess. It’s the kind of mess for which I have to invoke the imagery of a tangled slinky. First, lets presume you read “Basis…

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  • False Idols

    I’ve met with many clients in the Memphis area over the years who are in financial straits. I have sat with them patiently and done the budgets and shown them how they are getting further and further behind. Usually those meetings ended with a referral to a debt consolidation company to get everything…

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  • How to Choose a Financial Advisor

    About a year ago I was waiting for someone at a local Memphis restaurant. I looked around and couldn’t help but notice… this place is full of financial advisors. We know our own, and we all dress pretty similar in the daylight. If I were a potential client, I thought, how would I…

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  • Basis in your IRA? How to Do Your 8606

    We commonly don’t hear from clients for a little while as they’re humming along on the path to financial success. Life is good, they’re feeling confident with where they are putting their money, then it’s time to do taxes. Unfortunately for some of them, this is the year their earnings have crossed the threshold…

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