The 6 Elements of Portfolio Construction

Andy Rice News Leave a Comment

Read Andy’s article published by Advisor One discussing “The 6 Elements of Portfolio Construction”. By far, the hardest part of managing other people’s money is not just the research that goes into building a portfolio or picking the specific assets, but the psychology of how a client feels relative to the current marketplace and their specific goals, which are not …

Creating Wealth Isn’t Quick or Easy. So Why Do So Many Think Otherwise?

Andy Rice News Leave a Comment

Read Andy’s article published by Advisor One discussing “Creating Wealth Isn’t Quick of Easy…  So Why Do So Many Think Otherwise?” By far, the hardest part of managing other people’s money is not just the research that goes into building a portfolio or picking the specific assets, but the psychology of how a client feels relative to the current marketplace …

Thinking of a Hardship Distribution

Audrea News Leave a Comment

Are you thinking about taking a hardship distribution from your 401k? For many Americans facing uncertain economic times, loans and hardship withdrawals from retirement savings are on the rise according to a recent study done by Fidelity Investments. While this may be the only option for some facing foreclosure or bankruptcy, there are a few things that need to be …

“Tax Penalty Exceptions: Early Distributions From IRAs”

Andy Rice News Leave a Comment

Read Andy’s article published by Advisor One regarding “Early Distributions From IRAs”… http://www.advisorone.com/2011/03/14/tax-penalty-exceptions-early-distributions-from-irs Andy RiceAndy graduated from the University of Alabama-Birmingham with a B.S. degree in Accounting. He is a Registered Investment Advisor Representative of Money Management Services, Inc and holds the designations of CPA (Certified Public Accountant), AIF® (Accredited Investment Fiduciary), CTS™ (Certified Tax Specialist), and WMS (Wealth Management …

The 401k Plan Beneficiary Payout Issue

Andy Rice News Leave a Comment

How does your 401k plan dictate beneficiary payouts? Some retirees have chosen to leave their retirement assets sitting in their 401k plans instead of rolling it over to an IRA once they retire. However, most retirees aren’t aware of their former Employers policies and procedures in regards to beneficiary payouts. Some companies may allow the beneficiary account to remain within …

Eight Questions to Ask About Roth IRA Conversions: ADVICE Column

Andy Rice News Leave a Comment

In a previous article, I couldn’t tackle all the issues associated with this complicated conversion dilemma, nor can I completely finish them here. However, I’d like to propose a number of additional issues worth considering, based on feedback to my original article, in the hope that it, as well as other discussions, will prompt advisors to step back and at …

Social Security in Trouble

Andy Rice News Leave a Comment

Recently a question was asked to Barack Obama about Social Security. The President remarked: “So here’s the thing. Social Security is not in a crisis.” Hold up a minute, maybe the President has not read the Trustee’s of Social Security Annual report issued August 5th 2010. The “Social Security Act” requires the Trustees of Social Security Trust Fund to report …

2010 Fi360 Article Competition Winner – Andrew D. Rice

Andy Rice News Leave a Comment

Andy recently won Fi360’s article competition for the article he wrote “Roth Conversion – The Gamble of a Lifetime”.  The article was published by Investment News on January 31, 2010.  You can also read the announcement of Andy as the winner on Fi360’s website   Andy RiceAndy graduated from the University of Alabama-Birmingham with a B.S. degree in Accounting. He …

Roth Conversions – “The Gamble of a Lifetime”

Audrea News Leave a Comment

This Article actually won Andy the coveted “2010 Fi360 Article Competition”.  Fi360 promotes Fiduciary Excellence among financial advisors, which we at MMS Inc. take very seriously.  Fi360 owns and awards the AIF and AIFA professional designations, provides analytical and reporting technology and ongoing support for all types of fiduciaries and financial service providers, including advisors, wealth managers, plan sponsors, trustees, …