Roth Conversion in the Year of a Spouse’s Death
If you’ve recently lost your spouse and either inherited IRA assets and/or have substantial IRA assets of your own, it may be worth considering a…
Read more
2024-2025 Contribution Limits for Retirement Accounts
The Internal Revenue Service (IRS) has announced the new contribution limits for retirement plans for 2025. 401(k), 403(b), 457 Plans, and Thrift Savings Plans: Workers…
Chasing CD Rates? Don’t Overlook Long-Term Growth
In the fall of 2022, surging interest rates—driven by the Federal Reserve’s aggressive efforts to combat inflation—caused significant turbulence in both stock and bond markets,…
Understanding the New Inherited IRA Distribution Requirements
Earlier this year, the IRS provided long-awaited guidance related to the SECURE Act of 2019 on the treatment of retirement accounts inherited after December 31,…
The Realities of Trying to Outperform Market Returns: What Investors Need to Know
There are many approaches when it comes to investing. At one end of the spectrum is passive investing. Passive investors believe that because markets are…
This is No Time to Abandon Diversification
One of the key investment principles we emphasize at Core Wealth Management is that investing solely in US large company stocks does not provide sufficient…
Five Tax Concepts Central to Comprehensive Financial Planning
By strategically managing your tax payments, both in amount and timing, you can significantly enhance your chances of achieving your financial goals. This is why…
Understanding Florida Property Taxes: Calculations, Exemptions and Portability
Despite rising mortgage rates, real estate prices in Florida continue to climb, leaving many Florida homeowners feeling trapped in their current homes. As real estate…