SECURE Act 2.0 An Overview

January 18, 2023By Phil Clark, CPWA®,CFP®, CLU®

In the final days of 2022, Congress passed a new set of retirement rules designed to make it easier to contribute to retirement plans and access those funds earmarked for retirement. The law is called SECURE 2.0, and it’s a follow-up to the Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in 2019. Read the full article…

Assess Life Insurance Needs

October 7, 2022By Phil Clark, CPWA®,CFP®, CLU®

If your family relies on your income, it’s critical to consider having enough life insurance to provide for them after you pass away. But too often, life insurance is an overlooked aspect of personal finances. In fact, according to a 2019 study conducted by Life Happens and LIMRA, which closely follows life insurance trends, nearly Read the full article…

Best-Performing Asset Classes

July 6, 2022By Phil Clark, CPWA®,CFP®, CLU®

According to Yale University’s Crash Confidence Index, only about 27% of investors are confident the stock market will not crash sometime during the next six months.1 But if fear leads investors to avoid the entire investment class, they may limit their potential returns. For example, during the 20-year period ended December 31, 2018, stocks had Read the full article…

How to Treat Inherited Individual Retirement Accounts

May 25, 2022By KrostWealth

The SECURE Act, which became effective on January 1, 2021, changed the rules for inherited IRAs. Prior to that, the rules were very beneficial to non-spousal beneficiaries. The act upended the “life expectancy” rule for distributions and, in its place, created the 10-year rule for non-spousal beneficiaries. The act establishes a time period of 10 Read the full article…

What is a Trust?

March 8, 2022By KrostWealth

A trust is a legal agreement between two parties: the trustee and the trustor (sometimes called the settlor or grantor). The trustor is the person who establishes the trust and transfers assets into it. The trustee is the person or entity responsible for managing those assets according to the trustor’s wishes. Often the trustor will also be the trustee, Read the full article…

Quarterly Client Letter – Q3 2021

November 12, 2021By Phil Clark, CPWA®,CFP®, CLU®

In this quarter’s letter, I keep thinking about the difference between familiar and normal. In so many areas of our lives, the normal has given way to the familiar. What was once not normal has become familiar, ie. wearing masks, schools and restaurants closing, hand-washing stations. Also, the opposite is true that what was once normal Read the full article…

KROST Wealth Monthly Economic Update: November 2021

November 9, 2021By Phil Clark, CPWA®,CFP®, CLU®

In this month’s recap: Stock prices notched solid gains as a strong start to the corporate earnings season fired up investors. Presented by Philip Clark, CPWA®,CFP®, CLU®, November 2021 U.S. Markets A strong corporate earnings season renewed investor enthusiasm for stocks and propelled the market to healthy gains in October. The Dow Jones Industrial Average advanced Read the full article…