Would you rather have a million dollars today, or a magic penny that doubles every day for 30 days?
“Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it.” -Albert Einstein
The magic of compounding occurs in the later years.
Would you rather have the power of compounding working for you or against you?
Traditional IRAs and 401(k)s are infested with deferred taxes.
Deferred taxes are compounding debt. Every day they are unpaid, they compound against you.
Planning for Health Savings Account (HSA)Distributions in 5 Easy Steps. A health savings account is a tax-advantaged medical savings account that helps people pay for qualified out-of-pocket medical expenses. What are the withdrawal rules for HSAs? Are there special considerations that must be taken into account?
Today, Frank tackles a listener’s question about whether splitting money between multiple advisors could be beneficial or just create more confusion.
We often talk about what it’s like to become a client, but today let’s talk about what it’s like to be a client. In this episode, Frank pulls back the curtain on what ongoing client relationships look like inside his practice, Oliver Asset Management.
What is an RMD (required minimum distribution)? An RMD is the minimum amount that must be withdrawn from a retirement account each year.
What is a qualified charitable distribution (QCD)? A QCD is a distribution from an IRA that goes directly to a qualifying charity and is not included in the taxable income of the IRA owner. A QCD cannot be made from an employer plan. A QCD can be up to $108,000 for 2025, per individual.
A huge thank you to everyone who joined us! We’re so grateful for our amazing clients and the joy you bring to every gathering.
What a wonderful day together! We had so much fun celebrating with such an incredible group of clients.
We’re so thankful for each of you who came out! These events are always more special because of the laughter and memories we share.
Thank you for making this day so memorable! We had a blast and hope you did too.
It’s always a pleasure connecting outside the office. Thank you for making this such a fun and memorable event!
