Making Cents: Should you rollover or transfer your IRA accounts?

By: John P. Napolitano, CFP®, CPA, PFS, MST, RLP®

There are two ways to move your IRA money.  One is known as a rollover and the other is known as a direct transfer. To make it simple, a direct transfer is when one IRA custodian sends the funds directly to another IRA custodian. A rollover is when the IRA custodian sends you a check leaving you 60 days to reinvest that amount with another IRA custodian as an IRA account or become subject to taxation.

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Making Cents: Protecting Your Assets For The Next Generation

By: John P. Napolitano, CFP®, CPA, PFS, MST, RLP®

Many people are more concerned about preserving their wealth for the next generation than they are about their own well-being or bucket list.  Hat’s off to you paternalistic savers – your next generation would thank you if they only knew how you really feel.

Many make gifts that they can’t afford and avoid spending on themselves for the benefit of the next generation – but then let it all fall apart upon their death or bad health.

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Are you Suffering from Familiarity Risk?

By: John P. Napolitano, CFP®, CPA, PFS, MST, RLP®

Unless you are a CPA who audits public companies, you’ve probably never heard of familiarity risk.  Familiarity risk are risks that you may be incurring that are easily masked by something or someone that you simply become used to. Being too familiar with any situation may cause your guard to become lower than it should be and not allow you to perceive the actual risks that you may be facing.

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Making Cents: Planning for Children with Special Needs or Dependency Issues

By: John P. Napolitano, CFP®, CPA, PFS, MST, RLP®

Between what appears to be a larger percentage of children born with special needs and the recent epidemic of opioid addiction and dependency, many parents need specialized guidance in order to best assist these children and ultimately, protect their assets from the issues that can easily drain any estate.

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