A&I Financial Services

When thinking about estate planning and what you want to do with your assets after you’re gone, it can be helpful to consider different types of trusts. That way, you can make a more informed decision when deciding how best to transfer property or financial accounts and investments. One key distinction in trusts is between...Read More

Question: How do I report the money I sent to charity out of my IRA so that money isn’t included in my adjusted gross income? Answer: 1040 line 4a A lot of people have that question at this time of year. When you receive your 1099-R, the financial custodian reports the amount of money that...Read More

What Happens to my Stock if a Company goes Bankrupt? I own XXXXXX stock in XXXXXX Inc. (symbol: XXXX). What happens to my stock if the company goes bankrupt? This is a question that sometimes comes up, especially after a bankruptcy filing has been announced. For your situation, here’s what you need to know to...Read More

A charitable trust is an irrevocable trust created for the purpose of donating money to a charity. The trustees of a charitable trust must use the trust property for the benefit of the public, rather than for private gain. Charitable trusts are often used to fund philanthropic activities or to provide support for charitable organizations....Read More

A common question people ask is, what kind of taxes do I have to pay if I make a gift? Sometimes, we think of these as the gift tax. However, there are actually several types of taxes that could be paid when we make a gift. To understand taxable gifts, we need to look at...Read More

A required minimum distribution (RMD) is the annual amount that must be withdrawn from a traditional IRA or a qualified retirement plan (such as a 401(k), 403(b), and self-employed plans) after the account owner reaches the age of 72, The last date allowed for the first withdrawal is April 1 following the year in which...Read More

A fiduciary is an individual, financial professional or company who has the utmost duty to put others’ interests ahead of their own. A fiduciary duty means that this person must act with prudence and honesty in dealing with clients’ finances. Under the Investment Advisers Act of 1940, anyone who provides advice about investments for compensation,...Read More

Investing is all about making money, right? You invest some of your hard-earned cash and soon the dividends begin to arrive. It seems simple enough. But how often do you look at your portfolio and see nothing but one type of investment within it? Most likely not very much. In fact, diversification is one of...Read More