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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A No-No for High Earners: Overlooking the Optimal Timing for Claiming Social Security

By Josh Weller \ April 18, 2022
Optimal Social Security Claiming

The maximum monthly Social Security benefits for 2022, and why the timing of claiming benefits is important for everyone. As high earners approach retirement, too many overlook the importance of claiming social security benefits at the optimal time. A number of personal reasons or assumptions are to blame for the blasé attitude. The most common…

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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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A Great Solution After The Secure Act’s Elimination of the “Stretch IRA”

By Cary Stamp \ June 5, 2020
Secure-Act-Stretch-IRA-Elimination

The Secure Act eliminated the Stretch IRA option for beneficiaries to distribute inherited IRAs over their lifetimes. Now there’s a 10-year distribution maximum. If you’re close to retirement, have a lot of money in retirement plans, and want to maximize assets passed on to beneficiaries when you’re no longer here, there’s a great solution.  …

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Beneficial CARES Act Provisions for 401k and IRA Accounts

By Cary Stamp \ May 6, 2020
CARES-Act-Provisions-for-401k-IRA-Accounts

Cary Stamp, leading financial advisor based in Jupiter, FL, provides an update on beneficial CARES Act provisions for retirement accounts—including IRAs and 401(k)s—to help with the financial challenges of the COVID-19 crisis.      TRANSCRIPT: Hi, I’m Cary Stamp. This is a Principled Wealth Moment. I would like to share with you some updates…

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Phenomenal Tax Credits up to $5,000 per year for Launching a New 401(k) Plan

By Cary Stamp \ February 26, 2020
Secure-Act-Tax-Credits-for-Launching-New-401k

Leading financial advisor Cary Stamp, based in Jupiter, FL, offers an overview of the exceptional tax credits up to $5,000 per year for businesses that launch new 401k plans (made available through a Secure Act provision).       TRANSCRIPT: Hi, I’m Cary Samp with Cary Stamp & Co., and this is a Principled Wealth…

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Maximize Your Pension with a Huge Lump Sum Passed on to Beneficiaries

By Cary Stamp \ February 6, 2020
Jupiter-FL-Financial-Advisor

Jupiter, FL financial advisor Cary Stamp briefly outlines an innovative Pension Maximization strategy that can add a huge lump sum to the assets you pass on to beneficiaries.   TRANSCRIPT: I am Cary Stamp with Cary Stamp and Company. This is a Principled Wealth Moment. And if you’re somebody that has a pension, maybe you…

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When to Take and How to Maximize Social Security Benefits

By Cary Stamp \ January 20, 2020
When-To-Take-Social-Security

In this video, Cary Stamp, leading investment and financial advisor based in the Jupiter, FL area, briefly addresses one of the most common question asked of financial advisors: “When should people start taking social security benefits?”.     TRANSCRIPT: Hi, I’m Cary Stamp. This is a Principled Wealth Moment. Today I’m going to talk about…

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Four Ways the Recently Passed Secure Act Will Impact Individual Investors

By Cary Stamp \ December 27, 2019
Secure-Act

What’s in the Secure Act? Financial advisor Cary Stamp addresses the four primary ways the recently passed Secure Act will affect individuals and families, most notably on Individual Retirement Accounts (IRAs) and 529 Education Plans.       TRANSCRIPT: What’s in the Secure Act? I’m Cary Stamp. This is a principled wealth moment. Welcome to…

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Must Read if You Own Company Stock in a 401(k) or other Corporate Retirement Plan

By Robert Taylor \ September 12, 2019

The Net Unrealized Appreciation (NUA) Tax Strategy: If you work for a corporation that offers company stock inside a 401(k), ESOP, or profit sharing plan, the Net Unrealized Appreciation tax planning strategy (described below) can produce substantial tax savings. This is especially true for long-time employees possessing stock that has appreciated significantly. Net Unrealized Appreciation…

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