karpel financial services

Exit strategies from IRA, 401k's & other qualified plans

Due to the complexities involved in just this one area of our practice, and due to the horror stories that we hear caused by simple mistakes, many of which, are not known to even many financial advisor professionals, we have pursued excellence in this area.

In this regard Mike has become a member of the American Institute of CPA’s Personal Financial Planning Section and has earned the designation of PFS (Personal Financial Specialist). Only a small percentage of CPA’s have earned this designation which requires considerable professional experience in financial planning, passing a comprehensive technical exam covering personal financial planning topics, demonstrating more than 1,400 hours of business experience during the past five years as well as completing life-long learning and educational activities. The PFS credential is granted exclusively to CPA’s who are members in good standing of the AICPA which binds them to the AICPA Code of Professional Conduct. In addition he has also received substantial training with Ed Slott, CPA and nationally recognized authority in IRA’s, 401k’s and the issues that make these potential tax disasters. Mike is pursuing additional education and training to soon become an Ed Slott Elite Advisor.

There are few advisors nationally with similar credentials.

One of the favorite strategies we sometimes recommend, allow our clients to withdraw $60,000 TO $75,000 from their retirement plans, TAX FREE, all very legal!