StampNotes

Blog, Commentary, And News

Learn the One Big Caveat About the Backdoor Roth: the Pro-Rata Rule

By Cary Stamp \ May 20, 2022
Backdoor-roth-pro-rata-rule

Here’s the big question to ask yourself before starting a “backdoor” Roth IRA strategy. Do you already have other IRAs? In this video, Forbes Best-In-State wealth manager Cary Stamp, CFP® explains how the Backdoor Roth Pro-Rata Rule impacts the tax efficiency of the backdoor Roth IRA, and provides the potential solution! TRANSCRIPT: I’m Certified Financial…

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Put Your Values Into Action. Create a Lasting Legacy with Multigenerational Family Philanthropy

By Cary Stamp \ February 4, 2022
Multigenerational-Family-Philanthropy

Forbes Best-In-State Wealth advisor Cary Stamp, CFP®, introduces the concept of multigenerational family philanthropy, outlining the profound benefits of including teen and adult children in philanthropic discussions. VIDEO TRANSCRIPT: Hi, I’m Cary Stamp, I’m a Certified Financial Planner and I’m a Chartered Advisor in Philanthropy, and I’d like to talk today about how you can…

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Turbocharge Long-Term Gifts to Your Kids with a Grantor Retained Annuity Trust (GRAT).

By Cary Stamp \ February 4, 2022
Grantor-Retained-Annuity-Trust

Cary Stamp, Forbes Best-In-State wealth advisor, presents a sophisticated estate planning strategy that produces income for the grantor while tax-efficiently turbocharging gifts to children and other family members. It’s called the Grantor Retained Annuity Trust (GRAT). VIDEO TRANSCRIPT: I’m Cary Stamp, I’m a Certified Financial Planner and an Accredited Estate Planner with Cary Stamp and…

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Would You Give Your House Away? You Might Like To with a Qualified Personal Residence Trust.

By Cary Stamp \ February 2, 2022
Qualified-Personal-Residence-Trust

Forbes Best-In-State wealth advisor Cary Stamp thinks it’s time for you to learn about a sophisticated and little-known estate planning strategy called the Qualified Personal Residence Trust (QPRT). There aren’t many reasons to literally give your house away — in fact this may be the only one! VIDEO TRANSCRIPT: Hi, I’m Cary Stamp, I’m a…

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Donor Advised Funds are Exploding in Popularity in Charitable Giving. Here’s Why!

By Cary Stamp \ February 1, 2022
Donor-Advised-Funds-February-2022

Cary Stamp, CFP® in Jupiter, FL describes the considerable tax and administrative benefits of using a Donor Advised Fund for charitable giving.  Mr. Stamp is a Forbes Best-In-State wealth advisor. VIDEO TRANSCRIPT: I’m Certified Financial Planner, Cary Stamp. I’m also a Chartered Advisor in Philanthropy, and over the last three years, we’ve helped our clients’…

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My Mission to Improve Financial Advisor Competence

By Cary Stamp \ November 5, 2021
Cary-Stamp-Jupiter-Wealth-Advisor

Most financial “advisors” receive minimal training and while many eventually end up becoming competent, they leave damage behind in the process. Our new clients often wonder why I might have a couple of extra team-members in one of our meetings. The extra cast will be sitting quietly, taking notes. The answer is that I am…

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Turning Lemons Into Lemonade! Three Strategies to Consider During a Market Downturn.

By Cary Stamp \ September 23, 2021

When the markets give you a correction, it’s time to turn lemons into lemonade. Forbes Best-In-State Financial Advisor Cary Stamp of Jupiter, FL offers three strategies that you should consider during a market downturn.   NOTES: Converting from a traditional IRA to a Roth IRA is a taxable event. For a comprehensive review of your…

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Why that Roth IRA Conversion You Were Considering May be Even More Valuable

By Cary Stamp \ April 2, 2021
The Importance of Roth IRA Conversions in 2021

Current Tax Discussions in Congress May Lead to Drastic Changes in Estate Tax Exemptions that Increase the Value of a Roth IRA Conversion Strategy. For years, I’ve been stressing the benefits of Roth IRAs to our clients and their beneficiaries. In an environment of massive government spending and a constantly greater need to pay for…

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Cary’s Market Commentary – March 2021

By Cary Stamp \ March 5, 2021
Cary Stamp Market Commentary March 2021

From an investment standpoint, 2020 can be considered nothing short of remarkable. The markets started the year feeling tailwinds from a strong economy and almost full employment. Of course, the reaction to the pandemic we saw in March resulted in a violent pullback that left us feeling uncertain and unsettled. The idea that we would put those losses in…

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How Families that Need Life Insurance Get the Right Policy for the Right Price

By Cary Stamp \ November 8, 2020
The-Right-Life-Insurance-for-Right-Price

An Unbiased, Independent Source for the Best Life Insurance Policy at the Right Price. Many people need proper life insurance to protect their family or provide liquidity for their estate, and you have many choices. Learn why clients like having our team by their side, from Palm Beach County financial advisor Cary Stamp, CFP®.  …

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