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Author: Michael Piershale

Company: Piershale Financial Group

Region: Illinois

Website: www.piershalefinancial.com/

Author Comment / Biography:
Michael Piershale, ChFC, is president of Piershale Financial Group, an eight-person wealth management firm located in Crystal Lake, IL. With more than 28 years of experience, Michael, better known as Mike, has extensive knowledge in key areas of financial planning and works with clients on retirement and estate planning, portfolio management, and insurance needs. He established Piershale Financial Group in 2000 and his clientele is made up primarily of pre-retirees and retirees. Mike is frequently called upon by national and local media to contribute his financial insight to outlets such as Kiplinger’s Personal Finance, SmartMoney and Money Magazine. He was recognized in 2009 as part of Barron’s Top 1,000 Financial Advisors in America. Mike Piershale holds a Masters in Business Education from the University of Missouri. He also earned the prestigious Chartered Financial Consultant designation from the American College, considered the most extensive financial planning designation available today.

Displaying 1 to 5 of 5 articles
Pages: 1
 Articles by Michael Piershale 
1. Want more investment options than available in their 401(k)?
August 12, 2013

Originally published on http://michael-piershale.blogspot.com/

Controversy continues to surround the investment options and fees associated with many of today’s 401(k) plans. The 401(k) is increasingly the sole investment vehicle people are utilizing for retirement planning; as such, the veh...

2. No estate plan? Get out your wallet.
August 12, 2013

Originally published on http://michael-piershale.blogspot.com/

While estate planning is an important process that everyone should consider, only a small percentage of the population actually ends up going through with it.

There are numerous reasons people give for not preparing some...

3. Inherited IRAs Provide Heirs Shelter from a Tax Storm
August 12, 2013

Originally published on http://michael-piershale.blogspot.com/

An inherited IRA offers non-spouse beneficiaries shelter from a potentially large tax burden. The only person who can take a deceased persons’ IRA and put it in their own IRA is a surviving spouse. Non-spouse beneficiaries, li...

4. Get a jump start on April 15
August 12, 2013

Originally published on http://michael-piershale.blogspot.com/

Tax payers need to get organized and make sure they are on track with planning midway through the 2013 tax year in order to have time to implement tax strategies properly. Here are some key things to remember in this type of tax ...

5. A Potential Tax Trap for Heirs
August 12, 2013

Originally published on http://michael-piershale.blogspot.com/

A disadvantage of retirement accounts is that they cannot be re-titled into a trust account. Doing so will cause immediate taxation of the entire account. Therefore, there is no estate planning document that directs the distribut...

Pages: 1
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