Interview with Rick Pinion
Rick joins Jim to explain how the financial planning industry works, including the various types of financial planners, their designations and credentials, and how each of them work with you and how you should work with them. They take a caller who asks a question about annuities. Another caller asks a question about Roth IRAs. Rick's answers are excellent. Rick and Jim also talk about the special investment assistance small business owners need, since their personal and company financial resources are often difficult to differentiate.
Category:
Banking, Investors, Capital
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There are a number of different tax deductible retirement plans available to small business owners and Rick talks with Jim about two of the most important ones, the Individual K plan and the SEP-IRA.
There are some new laws that protect employers who provide retirement plans for their employees, and Rick talks with Jim about these, as well as whether Rick thinks stocks are over-valued, and what he thinks about investing in the now-record stock market.
Even though you've just finished with 2006 tax filing, it's not too early to think about 2007 tax planning, and Rick talks with Jim about some of those issues.
Rick joins Jim to talk about some of the tools financial planners use to help their clients. You can use this information as you interview financial planner prospects.
Elvis Presley's heirs lost 73% of his estate value to taxes. Rick talks with Jim about this and other estate planning nightmares he's seen and what we can do to avoid them.
