Implications If Greece Exits The Euro

June 11, 2012

Presented by Eric C. Pritz, CFP®, CMFC

If Greece leaves the eurozone in the coming months, what kind of financial ripples could reach America?

Nobody can predict the endgame yet; Greece may even stay in the euro, although that is looking less and less likely. The big concern isn’t what happens in Greece – it is about what could happen in Spain or Italy as a result of what happens in Greece.

The effects from a Greek default (and eurozone exit) would likely be felt on four fronts in America – but first, an economic chain reaction would almost certainly play out in Europe.

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Audit Red Flags

April 30, 2012

Presented by Eric C. Pritz, CFP®, CMFC

What raises eyebrows at the IRS?

After tax filing, there are many individuals living in fear of an IRS Audit. This fear may be overblown – according to Internal Revenue Service data, just 1.6 million taxpayers were audited in 2011. The agency reviewed about 1% of returns sent in by taxpayers making less than $200,000, and no more than 12% of millionaires had their returns scrutinized.1,2

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GETTING OFF ON THE RIGHT FOOT IN 2012

February 07, 2012

Presented by Eric C. Pritz, CFP®

Every year brings some financial change, so here are some relevant changes relating to investment, tax and estate planning for 2012.

Retirement plans. 401(k), 403(b) and 457 plan annual contribution limits rise slightly to $17,000, and you can contribute an additional $5,500 to these accounts if you are 50 or older this year. IRA contribution levels are unchanged from 2011: the ceiling is $5,000, $6,000 if you will be 50 or older in 2012.1

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How to Create a $100M Self-Directed IRA

January 24, 2012

With Mitt Romney releasing the details of his personal wealth last week, many are wondering how they can create a $100m self-directed IRA portfolio of their own. According to the Wall Street article reporting it, the value of Mr. Romney's self-directed IRA is between $20.7 M to $101.6M, with his own campaign saying the value is towards the upper-end of that range. So just how does someone build a multi-million dollar IRA when the contribution limits are so small?

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