What You Need to Know in 2018 about Qualified Charitable Distributions

We at Krilogy work with clients through all phases of their retirement planning, investment strategies, and tax strategies related to executing their wealth management strategies. A key milestone in this journey occurs when a client reaches 70-1/2 years old, the age at which he or she must begin taking Required Minimum Distributions (RMD) from their retirement accounts. Yet in some…

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Why Your Business Needs a Buy-Sell Agreement (and it’s not just for death of a partner)

Over the course of their careers, business owners work hard to build their companies, typically putting in countless hours and investing a great deal of money and passion. In many cases, there are two or more business partners with varying degrees of ownership and responsibility, all focused on the common goal of what they’re trying to accomplish. Perhaps they’ve thought…

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Brett T. Siegfried

Why Even High-Income Earners May Qualify for a Roth IRA

I recently wrote an article debunking the common misperception that those who earn higher incomes can’t qualify for a Roth IRA. I was inspired to address the topic because I work with many high net worth individuals who earn well above what is allowable for Roth IRA contributions. My goal was to show not only my clients, but others who…

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Your Life Insurance Needs an Annual Checkup Too

Regular check-ups are a part of life. Your health, your car, and even things like your furnace are checked out annually, if not more frequently. Yet when it comes to life insurance, you may think that policy you purchased many years ago is fine just sitting in a drawer. There are several reasons that this is a dangerous practice, because…

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J. Patrick O’Brien

After the Settlement: Managing Your Finances for the Long-Term

Going to court is never a fun or easy thing for the parties involved. In most cases, you’re there because you’ve been involved in an accident, experienced a hardship, or been through some sort of tragedy. There’s a sense of relief when it’s over and the settlements have been finalized, but believe it or not, that’s just the beginning of…

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Brett T. Siegfried

Business Succession Planning: Plan now for a smooth transition later

Business owners spend their lifetimes honing their skill, building the business, and taking pride in the product or service they offer. They’re pursuing a passion, and oftentimes, that passion may not look far enough down the road to answer the question: “What happens when I’m no longer an active participant in the business?” At Krilogy, we work with many business…

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Brett T. Siegfried

Think You Don’t Qualify for a Roth IRA? Think Again.

Since the late 1990’s, the Roth IRA has provided investors with an attractive way to save money for retirement due to tax deferred growth and tax-free withdrawal of the money in retirement. It’s a great vehicle for many; however, those who are high income earners have seen the rules. They know there are limits in place that seem to make…

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