Carolina Wealth Management, Inc.

05/02/2023

With office in Greenville, NC and Pinehurst, NC!

Our firm was named to the inaugural USA Today "Best Financial Advisory Firms of 2023"

The list by Statista for USA TODAY has culled that daunting universe of RIAs to a top 500 firms based on the growth of their assets under management over the short and long term, and recommendations from clients and peers.

A look at top financial advisors, according to USA TODAY and Statista. Amid a volatile stock market, consumers may need guidance.

03/15/2023

Derek Pszenny was recently interviewed by Rodney Brooks of the AARP Senior Planet.

See the article below to find out some of our favorite online resources for retirement planning

Staying on top of changes in 401(k) and IRA rules, tax laws, or Medicare is important. - and exhausting. What online sources do experts suggest?

02/23/2023

Inheriting an IRA? Be sure to understand the beneficiary classifications under the SECURE Act

Eligible Designated Beneficiary- Can still implement stretch IRA

Non-Eligible Designated Beneficiary- Subject to 10 year
withdrawal rule and possible RMDs

Non Designated Beneficiaries- Subject to 5 year withdrawal

02/23/2023

01/12/2023

Recent legislation referred to as the SECURE Act 2.0 has a nice provision for stranded 529 balances. This creates several planning opportunities for Carolina Wealth clients. You can read Derek Pszenny's comments in this USA Today column by Medora Lee high here

Starting next year, unused 529 education savings money can be rolled into a Roth IRA, giving kids a head start on their retirement savings.

12/05/2022

The power in most of the Pinehurst area is out BUT we have implemented our disaster plan and will be fully operational Via our Greenville office and our remote staff.

Calls will be answered by the Greenville office and routed to the right person.

The physical Pinehurst office will be closed and a day to day decision will be made as to re-open.

We can be reached by phone and email.

We are fully operational and ready to serve you.

11/27/2022

From the timing of charitable donations to the unloading of money-losing investments, there’s still plenty you can do to reduce your taxes for this year. Here are key factors to consider before it’s too late.

11/17/2022

How Americans can benefit from a multiyear approach to planning

11/17/2022

The SECURE Act resulted in major confusions, especially for IRA beneficiaries. It made it challenging for beneficiaries to navigate their accounts to minimize associated taxes and plan ahead. So, the best way to get the best outcome with an IRA is to work with an experienced financial advisor.