Michael Frauenknecht, CFP®, CIMA®

Required Distributions from IRA's: WHAT TO KNOW: As we approach year-end, it is important to know if these changes are applicable to you and/ or your particular situation. The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) changed the rules for taking distributions from retirement accounts inherited after 2019. The so-called 10-year rule generally requires inherited accounts to be emptied within 10 years of the original owner's death, with some exceptions. Where an exception applies, the entire account must generally be emptied within 10 years of the beneficiary's death or within 10 years after a minor child beneficiary reaches age 21. This reduces the ability of most beneficiaries to spread out, or "stretch," distributions from an inherited defined contribution plan or an IRA. For the entire article, please see below:

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In Ep 143 of Kitces & Carl (Carl Richards), we chat about a topic which was an an inquiry from an advisor, about the process of acquiring a portion of an existing older financial advicer. The process of transitioning clients from a legacy advisor to a next-gen advisor is often challenging, especially when there is an obvious 'personality flavor difference'. In this episode, we explore the ways that next-gen advisors can navigate transitioning clients who may be accustomed to a more quantitative approach to financial planning, the 3 dimensions that the legacy and next-gen advisors should have alignment in order to increase the odds of a smooth transition, and the importance for advisors to ensure that they have some flexibility if not all of the transitioning clients turn out to be good fits. https://bit.ly/3Ltuckg

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In Ep 143 of Kitces & Carl, we chat about a topic which was an an inquiry from an advisor, about the process of acquiring a portion of an existing older financial advicer. The process of transitioning clients from a legacy advisor to a next-gen advisor is often challenging, especially when there is an obvious 'personality flavor difference'. Thus in this episode, we explore the ways that next-gen advisors can navigate transitioning clients who may be accustomed to a more quantitative approach to financial planning, the 3 dimensions that the legacy and next-gen advisors should have alignment in order to increase the odds of a smooth transition, and the importance for advisors to ensure that they have some flexibility if not all of the transitioning clients turn out to be good fits. https://bit.ly/3Ltuckg

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Steep Muni Curve There are parts of the Muni Bond Cruve that are steep. i.e. the 10-25 year part of the curve is 60bps steep. Buying long muni bonds involves an incredible amount of risk. Those 3.17% yield bonds have lost roughly three months of income today.

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