Richard Coffinger

Tax Changes for 2012

Richard Coffinger Investments — Tue, 28 Feb 2012 14:00:45 +0000

IF YOU ARE 70 ½ OR OLDER YOU WILL NEED TO START TAKING REQUIRED MINIMUM DISTRIBUTIONS FROM YOUR RETIREMENT PLANS, SEE TABLE BELOW.

Make it your business

Richard Coffinger Investments — Tue, 04 Oct 2011 17:22:40 +0000

Life insurance plays an important role in many financial plans. Whether you are retired, still working, or own a business, life insurance is something that every American should evaluate carefully.

We’re continuing our promotion of Life Insurance Awareness Month by sharing with you another video. We hope you find it as touching as we did. If you or somebody you know would like to discuss how life insurance might fit in your financial plan, please contact us.

Sincerely,

Richard Coffinger CLU®, ChFC®, LUTCF

Richard E. Coffinger Investments & Insurance

The above video has been provided to you via YouTube as a courtesy. If you choose to view additional videos on YouTube, please be aware that we (as a company) make no representation as to the completeness or accuracy of information on those videos.

The Wonders of Life

Richard Coffinger Investments — Tue, 27 Sep 2011 17:21:45 +0000

We’ve received great feedback on our most recent blog posts. As we continue to promote Life Insurance Awareness Month, we wanted to share another touching video with you below. As a reminder, if you’d like to discuss your current life insurance needs, please do not hesitate to contact us.

Sincerely,

Richard Coffinger CLU®, ChFC®, LUTCF

Richard E. Coffinger Investments & Insurance

Something to think about

Richard Coffinger Investments — Tue, 20 Sep 2011 17:20:52 +0000

The video below shares a touching story. As we mentioned in our previous blog post, September is Life Insurance Awareness Month. We felt sharing this next video might touch you in the same way in touched us. These are not clients of ours….this story was put together by a non-profit organization that was formed to promote the importance of life insurance. We hope you’ll take a moment to hear this story.

Sincerely,

Richard Coffinger CLU®, ChFC®, LUTCF

Richard E. Coffinger Investments & Insurance

September – An important month for many reasons

Richard Coffinger Investments — Mon, 12 Sep 2011 17:20:51 +0000

September is Life Insurance Awareness Month. As a financial professional, life insurance is one of the more challenging things to discuss because it deals with our own mortality. Frankly, it is not a “fun” conversation to have. But, it is a RESPONSIBLE and important conversation for us to have with each and every one of our clients.

People purchase life insurance for a number of different reasons. The main reason, however, is simple: protect our loved ones. As we go through Life Insurance Awareness month, I wanted to share with you some important and inspiring videos on life insurance. I ask of you one thing – if you feel it important to discuss your current situation personally, please contact us. In addition, if you feel compelled to share this video content with others, we encourage you to do so.
Sincerely,

Richard Coffinger CLU®, ChFC®, LUTCF

Richard E. Coffinger Investments & Insurance

P.S. If you’d like a free quote, please contact us via e-mail at richardcoffinger@usa-fs.com

Tax Changes for 2011

Richard Coffinger Investments — Thu, 10 Feb 2011 18:21:04 +0000

Contribution Limits for 2011:
Traditional IRA                                   $5000 AGE 50+ $1000 = $6000
Roth IRA $5000 AGE 50+ $1000 = $6000
401K & 403B    $16,500 AGE 50+ $5500 = $22,000
SIMPLE IRA & 401K                            $11,500 AGE 50+ $2500 = $14,000
457 PLANS                                        $16,500 AGE 50+ $5500 = $22,000
HSA SINGLE = $3050
HSA FAMILY = $6150

ARE YOU AWARE THAT IF YOU ARE MARRIED FILING A JOINT RETURN AND YOU TOTAL INCOME IS BELOW $69,000, YOUR CAPITAL GAINS ARE NOT TAXED!

IF YOU ARE 70 ½ OR OLDER YOU WILL NEED TO START TAKING REQUIRED MINIMUM DISTRIBUTIONS FROM YOUR RETIREMENT PLANS, SEE TABLE BELOW.

Source: All tax information courtesy of AllState at www.accessallstate.com.

Tax Changes for 2010

Richard Coffinger Investments — Tue, 09 Feb 2010 21:08:14 +0000

Contribution Limits for 2010:
Traditional IRA                              $5000 AGE 50+ $1000 = $6000
Roth IRA    $5000 AGE 50+ $1000 = $6000
401K & 403B                                 $16,500 AGE 50+ $5500 = $22,000
SIMPLE IRA & 401K                        $11,500 AGE 50+ $2500 = $14,000
457 PLANS                                    $16,500 AGE 50+ $5500 = $22,000
HSA SINGLE = $3050
HSA FAMILY = $6150

ARE YOU AWARE THAT IF YOU ARE MARRIED FILING A JOINT RETURN AND YOU TOTAL INCOME IS BELOW $67,900, YOUR CAPITAL GAINS ARE NOT TAXED!

IF YOU ARE 70 ½ OR OLDER YOU WILL NEED TO START TAKING REQUIRED MINIMUM DISTRIBUTIONS FROM YOUR RETIREMENT PLANS, SEE TABLE BELOW.

Source: All tax information courtesy of AllState at www.accessallstate.com.

10 Questions to Ask Your Financial Advisor

Richard Coffinger Investments — Fri, 22 May 2009 14:54:53 +0000

10 Questions to Ask Your Financial Advisor

1. I know this area requires specialized knowledge in IRA distribution planning.

Do you have expertise in this area?

How would I know that?

2. What books have you read on the topic?

3. What professional training do you take in IRA distribution planning?

What courses or programs have you taken?

4. How do you stay current on key IRA tax rules?

What services or resources do you rely on to stay up to date?

Can you show me a sample?

5. What is the latest IRA tax rule you are aware of that would have an impact on retirement planning?

6. How do you determine the best option for my lump sum distribution?

What are all my choices?

7. How would you keep track of my IRA beneficiary form?

When should I update my beneficiary form? What are the key events that would trigger a need for a review?

8. Can you show me the IRS life expectancy tables? 　

9. Do you know what will happen to my IRA after I die?

How will you make sure that my beneficiary will be given the Stretch IRA strategy?

10. Who do YOU turn to when you have questions on IRA distribution planning?

No one can know it all.

Is your 401k or IRA going to become a bailout for the government?

Richard Coffinger Investments — Fri, 22 May 2009 14:52:54 +0000

If you’ve recently left a job, or plan on leaving soon, you should know about the
S.M.A.R.T. action plan, which focuses on protecting your retirement savings from needless and excessive taxation.

Discover how this dynamic, tax savings program could help you learn how to:

-S ave you up to 20% in taxes on the company stock portions of your 401k

-M aximize income to your beneficiaries {Some key items: Importance of Beneficiary Form/Designated Beneficiaries/Possibly a Stretch IRA strategy to help defer taxes for heirs}

-A void penalties and unnecessary government withholdings

-R ecognize the mistakes that can drastically affect your 401k {60 day rollover violations, non-spouse beneficiary rollovers, “rolling” money into your own name, putting IRA “into” trust}

-T ake advantage of depressed account values {Converting to a Roth IRA to save taxes due to lower values}

Richard Coffinger specializes in retirement planning and has been helping individuals strive for their long-term goals for over 30 years. As a member of the Ed Slott Elite IRA Advisor Group™, Richard Coffinger has learned the advanced strategies that could potentially help toward maximizing your retirement savings by minimizing taxes.

Don’t just sit there…get
S.M.A.R.T.!

Excerpt from Public Television show:
“Stay Rich Forever & Ever With Ed Slott”

New Website Launched!

Richard Coffinger Investments — Thu, 09 Apr 2009 18:33:48 +0000

We are excited to announce the launch of our new website, courtesy of USA Financial. We have incorporated many items such as a Blog, Audio and Video Resources, Podcasts, a live Stock Ticker and more!