How to Navigate your Inheritance

Contributed by: Nick Defenthaler, CFP®

Receiving an inheritance is something millions of Americans experience each year and with our aging population, is something many readers will experience over the next several decades.  Receiving a large sum of money (especially when it is unexpected) can change your life, so it’s important to navigate your finances properly when it occurs.  As you’re well aware, there are many different types of accounts you can inherit and each have different nuances.  Below are some of the more common items we see that impact our clients:

Life Insurance

In almost all cases, life insurance proceeds are received tax-free.  Typically it only takes several weeks for a claim to be paid out once the necessary documentation is sent to the insurance company for processing.  Often, life insurance proceeds are used for end of life expenses, debt elimination or the funds can be used to begin building an after-tax investment account to utilize both now and in the future. 

Inherited Traditional IRA or 401k

If you inherited a Traditional IRA or 401k from someone other than your spouse, you must keep this account separate from your existing personal IRA or 401k.  A certain amount each year must be withdrawn depending on your age and value of the account at the end of the year (this is known as the required minimum distribution or RMD).  However, you are always able to take out more than the RMD, although it is typically not advised.  The ability to “stretch” out distributions from an IRA or 401k over your lifetime is one of the major benefits of owning this type of account.  It’s also important to note that any funds taken out of the IRA (including the RMD) will be classified as ordinary income for the year on your tax return.   

Roth IRA

Like a Traditional IRA or 401k, a beneficiary inheriting the account must also take a required minimum distribution (RMD), however, the funds withdrawn are not taxable, making the Roth IRA one of the best types of accounts to inherit.  If distributions are stretched out over decades; the account has the potential to grow on a tax-free basis for many, many years. 

“Step-up” Cost Basis

Typically, when you inherit an after-tax investment account (non IRA, 401k, Roth IRA, etc.), the positions in the account receive what’s known as a “step-up” in cost basis which will typically help the person inheriting the account when it comes to capital gains tax.  (This blog digs into the concept of a step up in cost basis.)

Receiving an inheritance from a loved one is a deeply personal event.  So many thoughts and emotions are involved so it’s important to step back and take some time to process everything before moving forward with any major financial decision.  We encourage all of our clients to reach out to us when an inheritance is involved so we can work together to evaluate your situation, see how your financial plan is impacted, and help in any way we can during the transition. 

Nick Defenthaler, CFP® is a CERTIFIED FINANCIAL PLANNER™ at Center for Financial Planning, Inc. Nick is a member of The Center’s financial planning department and also works closely with Center clients. In addition, Nick is a frequent contributor to the firm’s blogs.

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This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Nick Defenthaler and not necessarily those of Raymond James. RMD's are generally subject to federal income tax and may be subject to state taxes. Consult your tax advisor to assess your situation. Unless certain criteria are met, Roth IRA owners must be 59½ or older and have held the IRA for five years before tax-free withdrawals are permitted. Additionally, each converted amount may be subject to its own five-year holding period. Converting a traditional IRA into a Roth IRA has tax implications. Investors should consult a tax advisor before deciding to do a conversion.

Social Security: Earliest Age to File & the Benefit of Waiting

Contributed by: James Smiertka

According to a recent Gallup poll, 36% of unretired individuals in the U.S. expect to rely on social security as a major source of income. Many of these people don’t completely understand all of the rules of the complex social security system. Fortunately, it’s our job at The Center to know and to educate our clients.

Why Wait to File for Benefits?       

When it comes to your social security benefit, you should know a couple basic things:

1. You reduce your benefit by receiving benefits earlier than your full retirement age.

2. You can increase your benefit by waiting until age 70 to collect.

There are certain circumstances in your financial plan that may affect when you file, but you can obtain an 8% increase in your benefit for each year past your full retirement age that you delay receiving your benefit. These “delayed retirement credits” end at age 70. But how much will you lose by filing early? The earliest filing age in a normal situation is 62, and by filing at this age your benefit will be reduced at least 20%. Depending on your full retirement age, your benefit can be reduced up to 30% by filing at age 62 (those born in 1960 or later). Here’s a chart that breaks it down by birth year and filing date:

Source: Social Secuirty.org

Special Benefits for Widows and Widowers

It gets even more complicated with widow/widower benefits. A widow/widower can receive reduced benefits as early as age 60 or benefits as early as age 50 if he/she is disabled and their disability started before or within 7 years of their spouse’s death. If the widow/widower remarries after they reach age 60, the remarriage does not affect their survivors benefits eligibility. In addition, a widow/widower who has not remarried can receive survivors benefits at any age if he/she is taking care of their deceased spouse’s child who is under the age of 16 or is disabled and receives benefits on their deceased spouse’s record.

In conclusion, you will receive a reduced benefit if you claim before your full retirement age, and waiting until age 70 to collect is a great way to maximize your own benefit and/or the benefit you leave to your surviving spouse. If anything is certain, it is that the social security rules can definitely be enough to make your head spin, so remember to consult your CERTIFIED FINANCIAL PLANNER™ professional here at The Center for Financial Planning if you have any questions.

James Smiertka is a Client Service Associate at Center for Financial Planning, Inc.

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This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. Any opinions are those of Jim Smiertka and not necessarily those of Raymond James. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Prior to making a financial decision, please consult with your financial advisor about your individual situation.

Use Your FSA Dollars Before you Lose Them!

Contributed by: Nick Defenthaler, CFP®

With less than a month left in 2015, now is a good time to evaluate your Flex Savings Account (FSA) balance to see if there are any funds remaining from the year.  An FSA is an account that you, as an employee, contribute to on a pre-tax basis – like a traditional 401k. You can then use the contributions for medical or dependent care expenses, allowing you and your family to pay for these inevitable expenses in a tax-efficient manner.  The catch however, is that funds contributed to the FSA typically must be used by the end of the year or the money is forfeited.

Flex Plans Get More Flexible

As mentioned, FSAs are "use it or lose it plans" but in recent years, the rules have become slightly more flexible - no pun intended.  Employers now have the option to either:

1. Provide a “grace period” of up to 2 ½ extra months to use the remaining funds in the FSA or…

2. Allow you to carry over up to $500 to use in the following year

It’s important to note that your employer is NOT required to offer these options, but if they do, they are only permitted to choose one of the above options – not both.  This recent change to how the unused balances for FSAs are treated helps you and makes FSAs far more attractive than years past.    

How to Make the Most of Your Flex Spending Account

The most you can contribute to an FSA for 2016 is the same as 2015 - $2,550 or $5,000 as a family.  A medical FSA can be used for qualified medical expenses such as prescription drugs, co-pays, teeth cleanings, eye exams, etc.  Typically items such as over-the-counter drugs and elective medical procedures are not eligible to be paid from your FSA.  The dependent care FSAs are great for working parents who pay for childcare, but just like the health care FSAs, you should check out IRS.gov for a list of “approved” expenses.

This is a crazy busy time of year for all of us, but if you have an FSA through work, make it a priority over the next few weeks to check the balance and see what options you have for the unused balance (if there is one).  If you only have until 12/31/15 to use the money, now might be a good time to schedule that teeth cleaning or annual physical you’ve been putting off all year.  Chances are you’ve already gone through open enrollment at work but if you’ve yet to choose to participate in the FSA through your employer, take a look at potentially utilizing it.  When used properly, an FSA is a great tool to help pay for the expenses most of us cringe at in – all while lowering your year-end tax bill. 

If you have questions on how much you think you should contribute or if an FSA makes sense for you and your family – give us a call, we’d be happy to give you some guidance!

Nick Defenthaler, CFP® is a CERTIFIED FINANCIAL PLANNER™ at Center for Financial Planning, Inc. Nick is a member of The Center’s financial planning department and also works closely with Center clients. In addition, Nick is a frequent contributor to the firm’s blogs.

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This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. Any opinions are those of Nick Defenthaler and not necessarily those of Raymond James. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. You should discuss tax matters with the appropriate professional.

How Much is my Medicare Part B Premium Going Up in 2016?

Contributed by: Nick Defenthaler, CFP®

Several months ago we heard the news that Medicare part B premiums were increasing by a whopping 52% for many Americans currently enrolled and those who were set to begin benefits in 2016 (Click here to read Matt Trujillo’s blog describing the proposed increase in greater detail).  Obviously this created quite an uproar, which has since caused a significant scaling back of the increase. 

On November 2nd, when President Obama signed the “Bipartisan Budget Act of 2015” into law, most of the “press” was focused on the new Social Security changes that will occur in 2016 (Click here to see how the changes could impact your filing strategy).  However, the deal also included a revision to the increase in Medicare part B premiums many would face. The change effectively trimmed the hike to approximately 14% (from 52%) and included a $3 per month surcharge to premiums.  The majority of those impacted by the increase are those who are single with income over $85,000 and those who are married with income over $170,000 (approximately 30% of part B participants). 

Although no one is happy when a monthly expense goes up by 14%, I must say that it’s extremely refreshing to see both political parties come together and compromise on an issue that was set to have a dramatic impact on millions of Americans. 

If you or anyone you know has questions or concerns on how these changes could impact your personal situation, please don’t hesitate to reach out to us for guidance. We’d be happy to help!

Nick Defenthaler, CFP® is a CERTIFIED FINANCIAL PLANNER™ at Center for Financial Planning, Inc. Nick is a member of The Center’s financial planning department and also works closely with Center clients. In addition, Nick is a frequent contributor to the firm’s blogs.

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This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. Any opinions are those of Nick Defenthaler and not necessarily those of Raymond James. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete.

Qualifying for an Affordable Care Act Insurance Subsidy

Contributed by: Matt Trujillo, CFP®

If you retired prior to age 65 (Medicare eligibility age), and didn’t get ongoing insurance from your former employer, then odds are you purchased health insurance through a health care exchange.  Depending on your modified adjusted gross income (MAGI) you may have been entitled to a subsidy on your monthly insurance premiums. 

The subsidy depends on your household size (how many people you claim on your tax return), as well as your modified adjusted gross income.  If you are unfamiliar with the concept of MAGI, it is your AGI (the number at the very bottom of your 1040) plus some stuff you have to add back such as non-taxable social security benefits, tax exempt interest, and excluded foreign income. These items are important to note because just simply looking at your AGI might lead you to believe you qualify for a subsidy – when in fact you don’t.

How To Qualify for a Subsidy

The subsidy amount is determined by several factors, chief amongst them is your MAGI relative to the declared federal poverty level for a given year. For 2015 the federal poverty level for a household of 2 is $15,390 and for a family of 4 it is $24,250.  Determining where you are on the scale (you can be anywhere from 100%- 400%) will determine your eligible subsidy.

Common Health Care Subsidy Questions

Q: What if you estimate that your income will be 400% of the federal poverty level, making you eligible for a subsidy, and in reality it ends up being more than that?

A: You will have to pay back the entire subsidy you received throughout the year. My advice in this case is if you think it’s going to be really close, it might be better to wait until the year is over and file form 8962 with your taxes to see if you were eligible for any subsidy that you didn’t receive. If, in fact, you were eligible, you will get any owed money back in your tax refund come tax time.

Q: What if I overestimate my income and I received a smaller subsidy on insurance premiums than I should have received throughout the year?

A: Again, this is where form 8962 comes in handy. Fill this out with your taxes and any money you should have received will be given back to you in your tax refund can be applied against tax owed or refunded to you if there is no tax liability to offset).

As always, if you have questions about your personal situation, we’re here to help!

Matthew Trujillo, CFP®, is a Certified Financial Planner™ at Center for Financial Planning, Inc. Matt currently assists Center planners and clients, and is a contributor to Money Centered.

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This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. Any opinions are those of Matt Trujillo and not necessarily those of Raymond James. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Please note, changes in tax laws may occur at any time and could have a substantial impact upon each person's situation. While we are familiar with the tax provisions of the issues presented herein, as Financial Advisors of RJFS, we are not qualified to render advice on tax or legal matters. You should discuss tax or legal matters with the appropriate professional.

What the End of “File and Suspend” and “Restricted Application” Means for You

Contributed by: Nick Defenthaler, CFP®

On November 2nd, President Obama signed the Bipartisan Budget Act of 2015 into law. It contained the first major change in Social Security since 2000, eliminating popular Social Security strategies “file and suspend” and “restricted application”.  The result of this legislation is less lifetime Social Security benefits for many who planned on delaying retirement benefits until age 70.

Let's take a look at an example of how the strategies were most widely utilized:

Mark and Carrie are 65 years old and recently both retired from Microsoft.  They were both highly compensated and paid the maximum into Social Security for several decades, thus creating a $30,000/yr benefit for Mark and a $32,000/yr benefit for Carrie upon reaching full retirement age (FRA) – in their case, age 66.  Because they are both in great health, have longevity in their family and have accumulated a $1.5M portfolio to supplement retirement income, they planned to delay filing until age 70 to both get the highest possible annual benefit for life (benefits increase 8% each year you delay until age 70).    

Mark and Carrie’s financial planner suggested one change to this plan.  If Carrie were to file and immediately suspend her benefit at her Full Retirement Age  of 66, this would allow Mark to file a “restricted application”.  Filing the “restricted application” would entitle Mark to 50% of Carrie’s FRA benefit, or $16,000/yr (50% of $32,000) from age 66 until age 70.  During this same time frame, Carrie would not be receiving any benefit because she “filed and suspended” in order to receive an 8% annual benefit increase until age 70. 

When Mark turns 70, he would switch from the “restricted application” benefit of $16,000/yr to his own maximized benefit of approximately $41,000/yr (compared to $30,000/yr at age 66). At 70, Carrie would finally start to collect on her own benefit that has now grown to approximately $43,000/yr (compared to $32,000/yr at age 66) after receiving no benefits from age 66 – 70. 

It made perfect sense for Mark and Carrie to both delay benefits until age 70 because of the reasons mentioned earlier, however, by taking advantage of the “file and suspend” and “restricted application” strategies, they were able to bring home another $64,000 in total lifetime benefits ($16,000 x 4 years)! 

So why are these strategies going away? 

Lawmakers saw “file and suspend” and “restricted application” as unintended loopholes that emerged from legislation in 2000.  An additional $64,000 in total lifetime benefits really adds up, especially as more and more retirees are maximizing their benefits using this strategy.  The reforms in this year’s budget bill are projected to save Social Security an estimated $168 billion over 75 years – WOW!

Some important things to consider:

What if I’m currently receiving benefits from the “file and suspend” or “restricted application” strategies?

Don’t panic!  You are “grandfathered” in and your benefits will not change or be interrupted whatsoever.

When will the “file and suspend” strategy be eliminated and is there an age requirement?

If you attain age 66 (full retirement age for those born between 1943 and 1954) by April 29, 2016 you are eligible to still take advantage of the strategy but you must also apply for this benefit strategy by the same date.  If you wait beyond April 29, 2016 or attain age 66 after this date, you will not be able to “file and suspend”.  

When will the “restricted application” strategy be eliminated and is there an age requirement?

If you attain age 62 by the end of 2015, you are “grandfathered” in and are able to take advantage of this filing strategy if it makes sense for your situation.  Those who will not be 62 by year-end will unfortunately not be able to employ this filing strategy.

Obviously with this being a very new piece of legislation, there are still questions that need to be answered and details that need to be shaken out.  Keep your eyes open for additional communication regarding this important change in Social Security and as always, don’t hesitate to reach out to us directly if you have questions about your own personal situation!

If you are interested in more on this topic, register for our April 7th webinar here.   

Nick Defenthaler, CFP® is a CERTIFIED FINANCIAL PLANNER™ at Center for Financial Planning, Inc. Nick is a member of The Center’s financial planning department and also works closely with Center clients. In addition, Nick is a frequent contributor to the firm’s blogs.

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The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Nick Defenthaler and not necessarily those of Raymond James

Making the Most of Affordable Care Act Open Enrollment

Contributed by: Nick Defenthaler, CFP®

It’s that time of year again – open enrollment period for the Affordable Care Act (ACA)!  This year, open enrollment for ACA health plans runs from November 1, 2015 – January 31, 2016.  It’s very important that you enroll for a plan during this time frame if you do not have coverage to avoid being uninsured.  If you’re thinking you’ll just “roll the dice” and go without coverage, think twice.  Number one, the risk of going without coverage is a big one – having a medical event without coverage can destroy you financially.  Number two, the penalty for not having insurance will increase once again for 2016.  New next year: You will now have to pay a penalty that is equivalent to 2.5% of your income or $695 per adult, whichever is greater.

Common ACA Mistake

A common misconception is that health plans offered through the ACA are government health plans like Medicare or Medicaid.  This is NOT the case! This misconception often times will cause clients to avoid these plans that could potentially benefit them very positively.  Healthcare.gov is simply the website all of the ACA eligible plans are offered through.  Plan carriers include big names such as Blue Cross Blue Shield, Priority Health, HAP, etc. all of which have their “sweet spot” pricing depending on the type of plan (platinum, gold, silver and bronze) that makes the most sense for your needs. 

These are health plans you could simply purchase on your own as an individual policy, however, by going through healthcare.gov and utilizing the ACA, you could potentially be eligible for subsidies that could dramatically reduce your monthly premiums, potentially saving your family thousands of dollars. This link to healthcare.gov shows those qualifying ranges.  Subsidies can also be very important for younger retirees that have not yet begun Medicare (under the age of 65).  We have worked with many clients in this age range and have done strategic planning with their income throughout the year to qualify them for lower premiums.  I encourage you to contact us if you’re considering enrolling in an ACA plan to see how we could potentially help on the financial side of things!

Nick Defenthaler, CFP® is a CERTIFIED FINANCIAL PLANNER™ at Center for Financial Planning, Inc. Nick is a member of The Center’s financial planning department and also works closely with Center clients. In addition, Nick is a frequent contributor to the firm’s blogs.

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This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. Any opinions are those of Nick Defenthaler and not necessarily those of Raymond James. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete.

Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members.

Tax Free Growth: A Webinar Targeting Fiat Chrysler Retirement Plans

Contributed by: Center for Financial Planning, Inc.

A couple of weeks ago, Nick Defenthaler, CFP®, hosted a webinar targeting Fiat Chrysler employees and how they could save thousands of dollars by contributing to the after-tax portion of their 401k plan. Although not all 401k retirement plans have these same capabilities, knowing about the possible tax deferred options that could be available for your retirement plan can be helpful for future saving.

In the webinar below, Nick explains the difference between traditional 401ks and Roth 401ks, and also includes insight into other retirement saving vehicles like IRAs. He explains what retirement plan could be best for you and your future, which can depend on your current tax bracket and your predicted future bracket. The webinar is filled with basic information about retirement plans and then delves into the specific plan as it relates to Fiat Chrysler employees. Take 30 minutes to review the information and if you have any questions, feel free to contact us.

For further information, Nick has already shared advice for thinking about Back Door Roth IRA Conversion and what Ford Employees should do regarding this same topic.

It's Medicare Open Enrollment Time

Contributed by: Sandra Adams, CFP®

If you’re 65 and older (or you assist someone who is), you are likely swimming in a sea of Medicare plan flyers, prescription drug plan notices, disclaimers and other various forms that are nothing short of overwhelming and confusing.  Welcome to Medicare Open Enrollment!

What is Medicare Open Enrollment? 

It is the window that opens annually from October 15th through December 7th for anyone currently enrolled in Medicare. Open enrollment allows you to make changes to your plan by signing up for Medicare Advantage (Part C) or a Medicare Prescription Drug Plan (Part D). You can also make changes to an existing plan, move to a new one, change drug coverage benefits or dis-enroll.  Or you can make no change at all. 

In our experience in listening to clients, open enrollment and Medicare options in general can be a bit overwhelming.  However, taking the time to do a thorough annual review of your Medicare options to make sure you are in the most cost effective plan can be very worthwhile, if done right.

Here are tips for a successful Medicare Open Enrollment:

Don’t get Overwhelmed.  There will be a lot of mail, most won’t apply to you.  Wait until you get your Medicare and You Book from Medicare. This is the guidebook for the new plan year.

Be Prepared.  Have all of the information you will need regarding any current coverage, current costs, current medical conditions, physicians and medications so that you are able to go through the process of making a decision about making a change.

Use Available Resources. 

• Use the online tools at www.medicare.gov can help you determine the correct plans for you based on your geographical area, physicians, medications, etc.

• Use the resources and assistance available at local senior centers and Area Agency on Aging, etc.

• Use the resources of independent Medicare consultants who may be able to guide you based on your individual needs (see the link here for upcoming Medicare events sponsored by the Center).

Take Action (or Not).  If your analysis on your own or with the help of others suggests that a change is in order, take action to make that change before the December 7th deadline.  However, if you are already in the best plan for you, nothing says you have to make a change just because it is open enrollment time.  It is okay to make no change at all.

Medicare Open Enrollment provides a window of opportunity to review current plans and make changes if they make sense for you.  We recommend that you take advantage of the resources that are available to assist with the analysis of these plans – they can get complicated and there is no need to go it alone!   Please contact your financial planner if you have questions about how Medicare works with your overall financial plan or if you would like a personal referral to a Medicare resource in your area.

Sandra Adams, CFP® is a Partner and Financial Planner at Center for Financial Planning, Inc. Sandy specializes in Elder Care Financial Planning and is a frequent speaker on related topics. In addition to her frequent contributions to Money Centered, she is regularly quoted in national media publications such as The Wall Street Journal, Research Magazine and Journal of Financial Planning.

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The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. Any opinions are those of Sandy Adams and not necessarily those of Raymond James. Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members.

Impact of the 2016 Medicare Part B Premium Increase

Contributed by: Matt Trujillo, CFP®

You may have heard of the pending Medicare part B premium increase for 2016.  If this is news to you, the most recent Medicare Trustees Report is estimating the baseline premium to increase from $104.90 to $159.30 beginning in 2016 (approximately a 52% increase). The reason why premiums are estimated to increase so much next year is mainly attributable to the way the program is currently structured.

Hold Harmless Clause May Protect You

Currently, the law does not allow higher premiums for all participants. In fact, if you are currently receiving social security benefits, have an adjusted gross income under $170,000 (or $85,000 if single), and are having your Medicare part B premiums taken directly from your social security benefit, then you probably won’t see any increase in your Medicare part B premiums for 2016. This is due to the “hold harmless” clause that protects current Medicare recipients from large rate hikes.

Ordinarily the increase in Medicare premiums is pegged to the annual cost of living adjustment from the social security administration. However, next year the administration says there will be no cost of living adjustment, which has left the Medicare Trustees unable to raise the premiums on 70% of current Medicare recipients.

Am I at Risk for a Medicare Part B Rate Hike?

So how will the Medicare Trustees keep up with the rising cost of healthcare? Simple: they will pass along the costs to future recipients. If you’re not currently receiving social security benefits, but are slated to start soon, you might be in for an unpleasant surprise.

You might be a candidate for a rate hike if:

• You pay your Medicare Premiums directly and don’t have them deducted from your social security benefit.

• You have filed for social security benefits but have suspended payment to take advantage of delayed retirement credits (i.e. file and suspend strategy).

• You have an adjusted gross income higher than $170,000 filing a joint tax return or higher than $85,000 as a single filer.

Talk to your financial advisor to find out more about this pending rate hike, and whether or not you will be affected.

Matthew Trujillo, CFP®, is a Certified Financial Planner™ at Center for Financial Planning, Inc. Matt currently assists Center planners and clients, and is a contributor to Money Centered.

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This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete.