WealthSmith Financial Planning

In the words of the rock’n’roll band The Clash “Should I stay or should I go now? If I go there will be trouble….An’ if I stay it will be double! So, come on an let me know…………should I stay or should I go!”
Have you left a retirement plan (401k, 403b, 457, SIMPLE IRA, SEP IRA, etc) at your last employer and you are not sure if you should move that old retirement plan from your old employer or keep it right where it is? Should it stay, or should it go?!?
Are you worried about the account being too small for anyone to help you with it if you move it?
What will you lose if you keep it with the old employer and what will you lose if you move it out of the old employer?
Where do you even move the account to? A new employer’s retirement plan? Your own individual IRA? What IRA options do I even have? Can I buy gold with my old employer’s retirement plan? Can I buy property with my old employer’s retirement plan? Can I take a loan off my old employer’s retirement plan? What about stocks or bonds? What about savings accounts? What are my options?
What does it cost to move this old employer’s retirement plan? Are there taxes to worry about?
Who is managing my money if I leave the old employer’s retirement plan with the old employer? Is anyone even managing it now?
These are all good questions, and I have been helping individuals with these answers for 30 years. If you would like to know more about how I might be able to help you, feel free to reach out and schedule a no cost, no obligation 15 minute phone meeting by going to my online calendar at: www.wealthsmthfp.com/book-appointment-online/. I am a Certified Financial Planning Professional™ bound by the fiduciary standard, with 30 years of experience in the financial services industry. All conversations are confidential.

Medicare can be a complicated system to understand. Here are some questions that I have had posed to me recently:
“I have just moved to the area and my carrier automatically enrolled me into their Medicare Plan for the State of Maine. I’m not sure I want to stay with this carrier as Maine might have better options than Michigan did. What can I do?”
“I have insurance through my domestic partner, but I am turning 65. Do I have to sign up for Medicare or can I postpone it like married couples do when the non-Medicare eligible spouse has employer insurance which also covers me?”
“My doctor told me I needed to have cataract surgery. I turn 65 in a few months. Can I put of the surgery until I go on Medicare if my doctor says it is safe to do so, or will Medicare not cover that because it is a pre-existing condition?”.
I have been specializing in help my clients with Medicare since 1993. If you would like help with questions dealing with Medicare, feel free to reach out and schedule a no cost, no obligation 15 minute phone meeting by going to my online calendar at: www.wealthsmthfp.com/book-appointment-online/. I am a Certified Financial Planning Professional™ bound by the fiduciary standard, with 30 years of experience in the financial services industry. All conversations are confidential.
All conversations are confidential.

Have you been told that you should buy an annuity? Does the product seem too good to be true? Are you unclear about what the internal costs are of an annuity?
I have been working with annuities for 30 years. Some annuities are perfect for the situation that they are being purchased for, some are not. There are many, many different types of annuities and they all have their pluses and minuses, depending on the situation.
Here is something you might consider: Does the financial professional marketing (selling) you the annuity have the licenses to sell you anything other than an annuity, or is an annuity all that they can sell?
If you would like to know more about annuities from a Certified Financial Planning Professional™, who is bound by the fiduciary standard and who is not only licensed to sell annuities, but is also licensed to sell insurance, annuities, stocks, bonds, mutual funds, exchange traded funds, Unit Investment Trusts, and is licensed to charge a fee for advice, as opposed to being paid a commission… feel free to reach out and schedule a no cost, no obligation 15 minute phone meeting by going to my online calendar at: www.wealthsmithfp.com/book-appointment-online/. All conversations are confidential.