Dear Derek

Dear Derek Financial Publication supporting questions submitted from concerned taxpayers and retirees.

Cyber Security is an important asset protection concern for all retirees. We are pleased to be formulating new educatio...
03/30/2022

Cyber Security is an important asset protection concern for all retirees. We are pleased to be formulating new educational workshops that will be scheduled in the Fall to educate our clients and their referrals on the pitfalls of overlooking this risk. Check out this important article to gain a greater perspective on how criminals use your data in harmful ways.

A huge amount of credit card info is sold on the Dark Web, especially that of US cardholders—but the numbers aren't always stolen via a data breach.

Could a new tax proposal limit how much you earn in your IRAs and other qualified accounts. Could the same bill remove ...
03/11/2021

Could a new tax proposal limit how much you earn in your IRAs and other qualified accounts. Could the same bill remove some important tax benefits for retirees? Email me at [email protected] and let's determine how these changes may affect your planning.

Q: Brian recently wrote and asked, “Dear Derek: I read somewhere that under President Biden’s Administration, individuals may be limited to having a maximum of $3.4 million combined in all of their IRAs. Is that true and what could it force me to do if I have more than this amount?” A: Brian, ...

What you don't know may hurt your beneficiaries in the long run. Hidden taxes abound in recent tax laws and newly propo...
03/11/2021

What you don't know may hurt your beneficiaries in the long run. Hidden taxes abound in recent tax laws and newly proposed ones, as well. Have a run a FREE analysis for you to ensure your wealth transfers to its maximum benefit for your beneficiaries. Email [email protected] and request your free report today. You might be surprised at what you might see!

Q: Linda emailed last week and inquired the following, “Dear Derek, I am hearing about potential tax law changes that could affect retirees. I have been wondering could these potential changes affect my beneficiaries?” A: Linda your question is very timely. For most the documentation surrounding...

How much can I withdraw from my savings? Will I run out of money in retirement? Check out this recent blog to learn ho...
03/06/2021

How much can I withdraw from my savings? Will I run out of money in retirement? Check out this recent blog to learn how to eliminate your biggest risks in retirement.

Q: Janet recently wrote, “Dear Derek: What are your thoughts related to the “4% Rule?” I feel like am living a “just in case” retirement lifestyle and would like to know if this still works today? A: Janet, if you are planning for low-interest rates to last, you might want to take a second...

Don't leave this important to chance. The wrong choice could cost you and your heirs dearly. Email me today for your f...
02/24/2021

Don't leave this important to chance. The wrong choice could cost you and your heirs dearly. Email me today for your free report at [email protected]. It may save you hundreds of thousands if not millions of dollars.

Q: Jim inquired, “Dear Derek: How do I know what is the best method to still achieve my IRA stretch-out goals? Should I use a Charitable Remainder Unitrust (CRUT), a Charitable Remainder Annuity Trust (CRAT), a series of micro-Roth conversions, or do nothing at all? A: Good news, Jim! I have creat...

How does your current team of financial advisors measure up when it comes to taxes, income design, and wealth transfer p...
02/24/2021

How does your current team of financial advisors measure up when it comes to taxes, income design, and wealth transfer planning? Are they asking the right questions?

Q: Jan recently wrote regarding a concern request by a new financial planning professional asked her to do prior to beginning their planning engagement. Jan asked, “Dear Derek: I am about to engage a new financial professional and she asked me to provide a credit report and to sign a balance sheet...

Sometimes the difference between success and failure can be those you surround yourself with when it comes to making maj...
02/18/2021

Sometimes the difference between success and failure can be those you surround yourself with when it comes to making major life decisions. Here is an example of how a little-discussed topic could mitigate significant taxation when owning and selling real estate as you enter retirement.

Betty wrote last week asking, “Dear Derek: My husband suddenly passed away leaving me with a number of commercial properties that we bought

Sometimes hidden agendas driven by your advisors are exposed when tax laws changes can compromise your ability to proper...
02/18/2021

Sometimes hidden agendas driven by your advisors are exposed when tax laws changes can compromise your ability to properly planning your wealth down the road. Keep in mind, what sounds good today, may not be the best for you tomorrow. Prudent "what-if" planning from the right advisor could help you avoid short-term pitfalls when it comes to your long-term financial planning.

Q: Jim emailed last week and asked, “A several years ago, I was convinced by the financial advisor to create what he called a “Trusteed IRA.” With all the potential tax changes that I am reading about, could that have been a mistake? A: Thank you for being an astute planning-minded reader of m...

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