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Latest Questions Answered

On Nov 20, 2008 10:02 pm anglis56 asked:
Good dayI I would like some feedback on the equity indexed annuity.

I recently retired at 52. I have some funds in a IRA out of 401K and lookin...

Michael's most recent response

Michael_1211168479_large Guru
Nov 21, 2008 11:04 am

Anglis56,
Equity-indexed annuities have been somewhat controversial lately,...

1 total response | View Discussion »
On Nov 20, 2008 7:54 pm lowkey asked:
Is it a great time now to convert traditional IRA to roth?

I have a good amount of Traditional IRA, with little bit in Roth IRA. With ...

Michael's most recent response

Michael_1211168479_large Guru
Nov 21, 2008 10:58 am

Lowkey,
Certainly, with the market down the cost of completing a Roth conve...

1 total response | View Discussion »
On Nov 20, 2008 3:36 pm pat. asked:
Do I have to sell a stock to take a loss as in

I have C stock do I have to sell it to get tax credit? And i have cwg+icom...

Michael's most recent response

Michael_1211168479_large Guru
Nov 20, 2008 7:09 pm

Pat,
Generally speaking, yes you need to sell a stock in order to claim the...

1 total response | View Discussion »
On Nov 15, 2008 11:06 am Lake asked:
Is an annuity right for me?

I draw social security and I work part time. My wife and I have rental prop...

Michael's most recent response

Michael_1211168479_large Guru
Nov 17, 2008 10:55 am

Lake,
There are a number of annuity products that may be helpful for you, b...

6 total responses | View Discussion »
On Nov 18, 2008 12:14 pm jim042 asked:
Notice of discontining Annunities?

My brother has a State Farm Annuity and was notified that Sate Farm was dis...

Michael's most recent response

Michael_1211168479_large Guru
Nov 18, 2008 1:26 pm

Jim042,
It's not unusual for annuity companies to discontinue a particular ...

2 total responses | View Discussion »
 
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Michael

Michael

Michael Kitces is the Director of Financial Planning for Pinnacle Advisory Group, a private wealth management firm that oversees approximately $600 million of client assets. In addition, he is the publisher of the e-newsletter The Kitces Report and the blog Nerd’s Eye View through his website Kitces.com, dedicated to advancing knowledge in financial planning. Michael was recognized as one of five financial planning practitioner “Movers and Shakers” for 2006 by Financial Planning magazine, and was recognized as one of 20 “Rising Stars in Wealth Management” by Institutional Investor News for 2007. Yep, he knows what's going on.

Real Name
Michael Kitces
Birthday
Nov 1977
Homepage
http://www.pinnacleadvisory.com
Relationship Status
Partnered Up
Location
Great Falls, VA
Got Kids?
None
What's your day job?
Financial Planning Nerd
What would you do with a free $100,000?
Save and invest it, until I've reached financial independence!