01/05/21 - Winning with Mainstay Financial Group – Annalee Leonard & Bob Beargy

Annalee Leonard and Bob Beargy join the Pensacola Expert Panel to discuss the ripple effects of the COVID vaccine becoming available, tax changes and predictions, strategy around Roth conversion timing, and planning tips for 2021 and beyond.

• Look at your portfolio allocations through the lens of various considerations such as your age/number of remaining working years, income/availability of emergency funds, whether you have dependents, your emotional handling of volatility in the market
• Review your risk profile
• Understand that taking out required minimum distributions adds to your taxable income
• You can design a tax efficient portfolio
• Gifting = Up to $15,000 per year

Answers listener’s questions about what happens to your account when your financial advisor retires or leaves the field; how do I know my level of comfort or aversion to risk?