In The News

WealthManagement.com, October 3, 2014

Mike Piershale, president of Piershale Financial Group, appears on a WealthManagement.com segment to discuss steps to ensure financial success for clients who have come into a great deal of wealth. “With this newfound wealth, I ask clients if any of their goals will change. It may be a little surprising how often some say that nothing has really changed, they just consider this additional resource to provide more peace of mind,” Piershale says.

WGN-TV

On Monday, March 3, Mike Piershale returned to WGN-TV "Your Money Matters" discussing investment strategies to consider in today's environment. During the appearance, Mike weighed in on protecting portfolio assets, especially as the market continues its volatile trajectory. "It's important to figure out a stock and bond allocation that will reduce investment risk," he explained.

CNBC "Tomorrow in :30"

On Monday, September 16, Mike Piershale appeared on CNBC to offer insight on the latest financial news. During his appearance, Mike weighed in on market direction over the short-term and what investors should expect ahead of potential Fed tapering policies.

WGN-TV

On Monday, August 19, Mike Piershale returned to WGN-TV to offer tax planning strategies to viewers. During an appearance on WGN-TV “Your Money Matters,” Mike suggested tax tips for viewers to consider making now to maximize refunds for next year. “The sooner you can begin planning, the better,” he says. “It can create an opportunity to save money in taxes.”

Reuters TV

Reuters TV reporter Bobbi Rebell interviews Mike Piershale, president of Piershale Financial Group, in a video segment detailing the latest stock market direction. “The markets are very close to the magic number of Dow 20,000,” Piershale explains. “Even though the markets are bouncing around, we believe that we will break through that barrier sometime very soon.”.

 data-id=

WGN-TV

Mike Piershale, president of Piershale Financial Group, returns to WGN-TV to discuss tips that viewers should consider if they wish to reduce income taxes next year. “We encourage our clients to start saving more money on a monthly basis in retirement plans instead of putting the funds into a taxable account,” he says. “In addition, we suggest investors buy tax-favored investments.”

WGN-TV

Mike Piershale, president of Piershale Financial Group, appears on WGN-TV “Your Money Matters” to discuss inherited IRA accounts. Piershale outlines tax strategies that heirs and spouses should consider when inheriting an IRA, especially for non-spousal beneficiaries to avoid being subjected to a tax bomb. In addition, he reviews designation and distribution plans that non-spousal beneficiaries should keep top of mind.

The Wall Street Journal

Veronica Dagher of The Wall Street Journal features Mike Piershale, president of Piershale Financial Group, in a video outlining why dividend paying stocks may not be attractive to investors in 2013. “If the Bush tax cuts expire, the maximum tax bracket on dividends is going to rise from 15 percent to 43.4 percent,” Piershale says. “We’re advising people in certain situations to put more of their dividend paying stocks into their IRAs if they don’t need the income.”

Fox Business

Mike Piershale, president of Piershale Financial Group, appears on FoxNews.com LIVE with host Lauren Simonetti to discuss how investors can prepare their finances amid looming year-end tax changes. While the future of many tax cuts is not certain at this point, Piershale explains that investors understand how possible changes could ultimately impact their financial position. “We believe it’s important to prepare for the worst, regardless if the worst actually does happen or not,” he says.

WealthManagement.com

During an appearance on WealthManagement.com, Mike Piershale, president of Piershale Financial Group, discusses inherited IRA issues with Editor Susan Lipp. Piershale highlights the rules for IRA beneficiaries that advisors need to keep top of mind. “The first thing we coach to our own advisors is to understand that there are five primary groups of beneficiaries and the IRS rules for each group are different,” he says. “It’s vital to understand the proper titling of a beneficiary, given these groups.”

 

In The News 

 

Investor’s Business Daily, February 17, 2017

Morey Stettner of Investor’s Business Daily quotes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article about how advisors can properly and effectively manage a spendthrift client who might be struggling to pay down debt. “Most people already know the things they should do, so you have to present it to them in a sensitive manner,” says Barzideh. “You don’t

Kiplinger, February 16, 2017

Mike Piershale, president at Piershale Financial Group, contributes a byline to Kiplinger about the Goldilocks Zone, where from 65 to 70 years old, retirees can take advantage of being in a lower tax bracket to cut their taxes through the use of tax bracket Roth conversions. “The idea is to pull money out of your pre-tax IRA while you’re in a lower tax bracket and convert it to a Roth IRA,” he says.  

Northwest Herald, February 5, 2017

Mike Piershale, president of Piershale Financial Group shares this article, Welcome to the Goldilocks Zone.  “The idea is to pull money out of your pre-tax IRA while you're in a lower tax bracket like the 15% bracket, and convert it to a Roth IRA. You'll lose 15 cents on the dollar in taxes when you do the conversion, but it may save you taxes in the long run” he says.

Grow magazine, January 10, 2017

Ben Barzideh, wealth advisor at Piershale Financial Group, is featured in an article by Grow magazine reporter Nancy Mann Jackson discussing the ins and outs of market timing. Barzideh explains that market timing is a technique that often does not work for investors effectively. “Without a crystal ball, it’s hard to do it successfully,” he says. “A better strategy is buy-and-hold and to use a diversified portfolio. This shelters investors from mis-timing the market because you are always invested and always have exposure to various asset classes.”

Northwest Herald, January 2, 2017

Mike Piershale, president of Piershale Financial Group shares this article, The stock market’s early warning system.  “There have been 40 up Januaries out of 66 since 1950. Thirty-six of them ended the year with a positive return. This means that over this time period, 90 percent of the time when the S&P 500 is up in January, it ended the year with a positive return” he says.

Grow magazine, December 30, 2016

Ben Barzideh, wealth advisor at Piershale Financial Group, is quoted in an article by Grow magazine reporter Nancy Mann Jackson about active vs. passive investing trends. The article primes readers on the ins and outs of each style, and Barzideh explains why a passive technique usually outperforms an active one. “Investors who try to predict where the market will go often end up buying and selling at the wrong times and losing money,” he says.

Kiplinger, December 27, 2016

Mike Piershale, president at Piershale Financial Group, contributes a byline to Kiplinger that details the ins and outs of gifting stock to a charity. For investors with highly-appreciated stock in a non-retirement account, the strategy can have solid tax advantages if completed before year-end. As an added benefit, Piershale explains that the organization accepting these donations will not be penalized from a tax standpoint. “Qualified tax-exempt organizations don’t have to pay tax when they sell an appreciated asset,” he says.

US News & World Report, December 9, 2016

Reporter Ryan Derousseau of US News & World Report quotes John Piershale, wealth advisor at Piershale Financial Group, in an article about spending techniques to consider ahead of the holidays this year. Piershale weighs in on good habits of credit card usage this season, explaining that a card can be both a “blessing and a curse.” He says, “As long as you pay it off each month, (cash-back) credit cards can bring good things.”

Consumer Reports, December 8, 2016

Ben Barzideh, wealth advisor at Piershale Financial Group, is quoted in reporter Beth Braverman’s recent Consumer Reports article about the tax and financial implications of giving money gifts for the holidays. “We advise that you make sure to plan for yourself first, and then if you’re able to help family members, that’s great,” he says.

The Associated Press, December 8, 2016


Reporter Tina Orem includes John Piershale, wealth advisor at Piershale Financial Group, in an article outlining five ways to turn some of life’s misfortunes into a smaller tax bill. “You may be able to deduct some or all of a stock investment loss,” he says. “The IRS lets investors use capital losses to offset taxable capital gains, which means a $5,000 loss on a stock you bought could offset a $5,000 capital gain if you also happen to sell a winner the same year.”       

This article also appears at: ABC News, December 8, 2016

Financial Planning, December 2, 2016

Donald Korn of Financial Planning quotes Mike Piershale, president of Piershale Financial Group, in an article highlighting smart tactics that charitably inclined clients should consider when making donations. “Assets left to beneficiaries in a pre-tax retirement account such as an IRA will be taxed as ordinary income when they take distributions,” he says. “Advisors should help clients minimize assets left in such accounts, as long as that doesn’t reduce the amount that the heirs would otherwise receive.”

Northwest Herald, November 11, 2016

Mike Piershale, president of Piershale Financial Group shares this article, What Makes Retirement Accounts Different?  “Retirement accounts like an IRA or a 401k plan are significantly different from your other assets and understanding these differences is the first step to protecting yourself from triggering unnecessary taxes and penalties” he says.

Money magazine, November 3, 2016

Elizabeth O’Brien of Money magazine quotes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article about spouses working together to align their retirement goals. Barzideh explains that couples should request their advisor perform a retirement cash flow analysis so they understand their future projections. “It helps couples understand what they can afford to spend in retirement, based on their current situation and assumptions about future market returns, the client’s lifespan, Social Security, and other factors,” he says.

GoBankingRates.com, October 28, 2016

Reporter Lia Sestric includes John Piershale, wealth advisor at Piershale Financial Group, in an article about six ways to pay down your mortgage before retiring. “Identifying your retirement income projection gives you a good roadmap for what you need to do today, to achieve your age goal for retirement. Paying off your mortgage is a goal that can be built into this projection,” he says.

Money magazine, October 20, 2016

Money magazine reporter Elizabeth O’Brien features Mike Piershale, president at Piershale Financial Group, in an “Ask the Expert” column focusing on 401(k) and 403(b) withdrawal rules. Piershale explains the ins and outs of penalties associated with each retirement account if someone were to withdraw the funds early.

Washington Post, October 15, 2016

Reporter Rodney Brooks of The Washington Post quotes John Piershale, wealth advisor at Piershale Financial Group, in an article about the purchases and financial elements that individuals forget about in their retirement planning. Piershale explains that Medicare enrollment can be confusing, especially if one wants to delay until they are 66. “If you delay enrollment, you have to take the initiative. It doesn’t happen automatically. If you are late, there is a 10 percent penalty for every 12 months,” he says.

This article is also included in:
Albuquerque Journal, October 14, 2016

Kiplinger, September 30, 2016

Mike Piershale, president at Piershale Financial Group, contributes an article to Kiplinger that details how the upcoming presidential election could impact the stock market this year. Piershale explains that between high PEs, the recent bearish outlook, and the track record for stocks in the eighth year of a presidential term, investors may see added volatility around the election.

US News & World Report, September 16, 2016

Mike Piershale, president at Piershale Financial Group, appears in reporter Maryalene LaPonsie’s US News & World Report article, weighing in on how Social Security plays a role in  retirement. Piershale offers that he isn’t concerned that Social Security will dry up for current seniors, but worries for younger generations.

TheStreet.com, September 14, 2016

Reporter Ellen Chang of TheStreet.com quotes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article about IRA funding rules. The article highlights the ins and outs of funding an account when one spouse is unemployed. “You can fund an IRA if you don’t work, as long as the other spouse has enough earned income to cover your contribution,” says Barzideh.

Financial Planning, September 9, 2016

Donald Korn of Financial Planning quotes Mike Piershale, president at Piershale Financial Group, in an article about succession plans, and the importance of having a transition strategy in place. Piershale offers his succession plan and explains some of the long-term steps that his office is already taking into consideration, such as having key executives take leadership courses.

Kiplinger.com, September 2016 Issue

Reporter Rachel Sheedy quotes Mike Piershale, president at Piershale Financial Group, in an article about the upcoming mid-October deadline for reversing a 2015 Roth IRA conversion. The article offers why an investor might take advantage of this conversion – perhaps to keep taxable income down, or if an account’s overall value has declined. “It’s an amazing tool that people often overlook,” says Piershale.

Money Life Radio, August 16, 2016

Ben Barzideh, wealth advisor at Piershale Financial Group, joins Money Life Radio show host Chuck Jaffe to discuss how the Fed’s quantitative easing program may have set the market up for volatility. “If you look at the date that QE stopped and what the market has been doing since that time, it’s been going sideways,” Barzideh explains. “Once the Fed stopped QE, that’s when we could see cracks in the armor. Investors became aware that there were less steroids in the market and have become more apprehensive to invest in it.”

Northwest Herald, August 7, 2016

Mike Piershale, president of Piershale Financial Group shares this article, Avoiding Costly Retirement Planning Mistakes.  “Mistakes can be expensive when it comes to retirement planning. To prevent them it's important to familiarize yourself with the rules or work with a financial planner who is a retirement specialist” he says.

Consumer Reports, August 6, 2016

John Piershale, wealth advisor at Piershale Financial Group, has been included in a recent piece by Tobie Stanger at Consumer Reports. The article highlights ways that investors can improve their financial situation by adopting some of the qualities of Olympic athletes. “Investing is a marathon, not a sprint. That means ignoring day-to-day fluctuations in the stock market and staying the course for many years,” he says.

Kiplinger, July 25, 2016

Mike Piershale, president at Piershale Financial Group, contributes an article to Kiplinger about the costliest retirement planning mistakes that individuals often make. He provides insight on missing out on net unrealized appreciation, the error in not having proper beneficiaries on a retirement plan or IRA, and more. “Retirement planning can be a tricky area to navigate because it involves hundreds of rules, and violating them can result in unnecessary taxes and penalties,” he says. 

Financial Planning, July 8, 2016

Reporter Donald Korn of Financial Planning quotes Mike Piershale, president at Piershale Financial Group, in an article about the importance of adding a designation for advisors and how it amplifies their work with clients. Piershale weighs in on why he encourages his employees to add such credentials, and the value they have in expanding the firm’s expertise.

This article also appeared at:
http://blogs.wsj.com/moneybeat/2016/07/11/wealth-adviser-daily-briefing-when-the-sp-500-breaks-out-reits-investors-may-get-a-tax-bill/

Northwest Herald, July 3, 2016

Mike Piershale, president of Piershale Financial Group shares this article, Stock Markets and Election Years.  “Presidential election years are traditionally good years for the stock market according to the Stock Trader’s Almanac” he says.

Washington Post, June 20, 2016

Rodney Brooks of the Washington Post quotes John Piershale, wealth advisor at Piershale Financial Group, in an article about retirees having an emergency savings account set aside. “We recommend clients have 6-12 months in expenses for true emergencies,” Piershale says. Piershale details how retirees can build up such funds, which can be more difficult since they are on a fixed income.

Kiplinger.com, May 20, 2016

Mike Piershale, president at Piershale Financial Group, contributes an article to Kiplinger.com talking about money conversations that newlyweds should have in order to streamline their financial efforts. "One of the biggest contributors to a successful marriage is communication and agreement over finances. Couples should openly discuss their core values and priorities with money," he explains.

US News & World Report, May 20, 2016

Kira Brecht of US News & World Report quotes John Piershale, wealth advisor at Piershale Financial Group, in an article on the top portfolio moves an individual or couple should make as they are nearing retirement. "Investors should be saving 10 percent of their income," Piershale says. In addition to increasing saving patterns, he also suggests, "If you are not making full, maxed-out contributions to an employer sponsored retirement plan, then do so."

Northwest Herald, May 7, 2016

Mike Piershale, president of Piershale Financial Group shares this article, How to Contribute to a Roth IRA if You're Retired. "If you are retired and no longer working and your spouse has earned income for 2016, you very likely can put money in a Roth IRA using the working spouses' income." Mike adds, "You might also consider opening a Roth with a small amount of money like $10 just to start the five-year countdown even if you are just thinking about contributing to a Roth" he says.

Money, April 4, 2016

Sarah Max of Money features Mike Piershale, president at Piershale Financial Group, in an "Ask the Expert" series for the website. Piershale addresses a question from a retired reader who files taxes jointly with his wife, but would like to contribute to a Roth IRA with her income from working. "I recommend this to many of my clients," says Piershale, who notes that Roth IRAs do not have age limits for contributions. "You can take almost any investment that triggers taxable income and hold it in a Roth to avoid paying taxes on that income for the rest of your life."

Kiplinger.com, March 30, 2016

Mike Piershale, president at Piershale Financial Group, authors an article for Kiplinger.com offering recommendations for spring cleaning finances this season. Piershale explains that now is a great time for investors to get their financial house in order and find ways to save on taxes. Some of the tips he outlines include reviewing and updating estate plans, consolidating accounts where feasible to reduce statements, and determining if investments are tax-efficient.

USA Today, March 20, 2016

Ben Barzideh, wealth advisor at Piershale Financial Group, has been included in Tina Orem's USA Today piece about cases where filing taxes separately may be beneficial for couples. "If the spouse that has the health issues is not making a lot of money, but the other spouse is making significantly more... for the one that's not making as much, it might be more advantageous," he states.

Northwest Herald, March 15, 2016

Mike Piershale, president of Piershale Financial Group shares this article, Contributing to Charity? Consider these tips. "First, for it to be deductible, the donation must be made in cash or property. The donation also must be given to a qualified charity as defined by the Internal Revenue Service. And the property or cash contribution must be made before the close of your tax year for it to be deductible" he says.

DailyWorth.com, February 29, 2016

DailyWorth.com includes Ben Barzideh, wealth advisor at Piershale Financial Group, in a retirement-focused article by contributor Nancy Mann Jackson. Offering readers insight on items to consider when withdrawing funds from retirement accounts early, the slideshow includes Barzideh’s commentary on two major items. First, Barzideh explains that when you’re unemployed, you may take penalty-free distributions from an IRA to pay for your medical insurance if you meet eligibility requirements.

US News & World Report, February 29, 2016

John Piershale, wealth advisor at Piershale Financial Group, is included in Kate Stalter’s US News & World Report article about tax strategies in retirement. “Sometimes people will fall into a lower tax bracket when they go off of earned income when they retire. Many times they have a window to do Roth conversions while in a lower bracket – from about the time they retire until they reach 70 1/2,” he says.

Grow, February 4, 2016

Ben Barzideh, wealth advisor at Piershale Financial Group, is included in a piece by Nancy Mann Jackson for the consumer website Grow. The article offers readers advice on building wealth by implementing simple monthly habits. "Getting in the habit of keeping up with your cash flow is an important step to reaching any financial goal, and it's easy with online tools or even old-fashioned spreadsheets," says Barzideh.

Financial Advisor Magazine, February 3, 2016

Financial Advisor magazine contributor Karen DeMasters turns to Mike Piershale, president at Piershale Financial Group, for important insight on required minimum distributions from qualified retirement accounts. If an annual withdrawal is missed a penalty will apply. "We make sure we remind our clients of the required withdrawals before they turn 70," says Piershale.

GoBankingRates.com, January 31, 2016

Mike Piershale, president at Piershale Financial Group, has been included in Lou Carlozo's recent piece, outlining popular tax deductions that individuals may overlook. Piershale offers a real-life example of tax loss harvesting in action.

This article also appeared at:
FoxBusiness, February 23, 2016

LearnVest.com, January 5, 2016

John Piershale, wealth advisor at Piershale Financial Group, is featured in a LearnVest.com article by reporter Nancy Mann Jackson. The piece discusses the benefits of automating certain money tasks in the New Year. "In my experience, people make much better progress saving when they have X amount of dollars automatically going to a savings account each pay period," says Piershale. "When it's set up like this, they tend not to think about it and then don't miss [that money]-out of sight, out of mind."

This article also appeared at:

http://www.forbes.com/sites/learnvest/2016/01/06/financial-to-dos-to-set-but-dont-forget-this-year/

Investopedia.com, January 4, 2016

In an article for Investopedia.com, reporter Terri Williams chats with John Piershale, wealth advisor at Piershale Financial Group, about tax planning for retirees. The article highlights areas often overlooked by retiree investors - such as tax bracket changes and Net Investment Income tax - and how missteps here can increase tax liability. Piershale weighs in on tax planning surrounding Social Security and says, "50-85 percent of benefits can be exposed to taxes depending on income and whether couples file a single or joint return."

US News & World Report, December 21, 2015

USA Today contributor Jeff Reeves includes commentary from John Piershale, wealth advisor at Piershale Financial Group, in an article examining what financial documents should be kept and which can be tossed. "Some documents and records are too important or not convenient to keep only in a file cabinet or even as an electronic record," Piershale says. "If they're lost or destroyed, replacing them could be a nightmare."

Northwest Herald, December 20, 2015

Mike Piershale, president of Piershale Financial Group shares this article, Plan Income Before You Retire. "You might be tempted to wait until after you retire to set up your income, but this might cause your income to be delayed while you're designing it" he says.

US News & World Report, December 17, 2015

John Piershale, wealth advisor at Piershale Financial Group, has been included in Maryalene LaPonsie's recent piece on tax-reducing opportunities during the holiday season. "If you're having a high-income year, max out your 401(k) contributions. That could lower your taxable income," he says.

US News & World Report, December 4, 2015

Mike Piershale, president of Piershale Financial Group, outlines changes to the file-and-suspend Social Security strategy in reporter Maryalene LaPonsie's recent piece. "The biggest thing we're telling people is the core benefits are not changing. There is no change in any of the math used to calculate benefits," he says.

US News & World Report, November 25, 2015

Mike Piershale, president at Piershale Financial Group, has been included in reporter Jeff Brown's recent piece, outlining the risks of year-end mutual fund purchases. "Many mutual funds are expected to make sizable capital gains distributions this year. Some funds are paying out gains for the simple reason that the securities hit the manager's price targets," he says.

Northwest Herald, November 15, 2015

Mike Piershale, president of Piershale Financial shares this article, Navigating a Retirement Planning Maze. "When saving for retirement, the two primary places where people save their money either is with an employer sponsored retirement plan, such as a 401k, or an individual retirement account (IRA). Did you know there are differences between the plans," Piershale says.

GoBankingRates.com, November 8, 2015

Mike Piershale, president of Piershale Financial Group, is included in reporter Cameron Huddleston's piece for GoBankingRates.com. Detailing seven common financial failures, the article offers tips for overcoming these monetary blunders. When it comes to failing to create an estate plan, Mike offers, "For starters, make sure that you have beneficiaries listed on your financial accounts and that you update those beneficiaries if you get married, divorced, have children or experience any other life event."

Financial Advisor, November 2, 2015

Ben Mattlin of Financial Advisor magazine quotes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article about how advisors can work with clients in distress. During unforeseen disasters or traumatic events, it's critical for advisors to steer a client in the right financial direction. "Move as fast as possible to react to the unexpected situation," Barzideh says. "The window of opportunity to fix a problem or effect change can close."

US News & World Report, October 8, 2015

Maryalene LaPonsie of US News & World Report includes John Piershale, wealth advisor at Piershale Financial Group, in an article highlighting six things that Medicare beneficiaries should know during open enrollment. "A lot of people don't know about the penalty that comes with failing to enroll in Medicare, and there is no way to fix it," he says.

This article also appears at:

Yahoo Finance, October 8, 2015

US News & World Report, October 6, 2015

Kira Brecht of US News & World Report quotes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article offering readers tips for investing in their 30s and 40s. Barzideh weighed-in on the importance of having an emergency fund, considerations for buying a first home and how to invest in a 529 savings plan. "The nice thing about 529 plans is that the money grows tax-free and comes out tax-free if it's used for qualified college expenses," Barzideh says.

AARP.org, October 5, 2015

Lynnette Khalfani-Cox of AARP.org quotes John Piershale, wealth advisor at Piershale Financial Group, in a piece about how to strengthen credit after a divorce. John advices that those who are separated or divorced should check their credit reports to see which credit cards are open in joint names and then notify the card companies about the change in marital status so the joint accounts can be closed or deactivated.

DepositAccounts.com, October 4, 2015

Sheryl Nance-Nash of DepositAccounts.com includes Mike Piershale, president at Piershale Financial Group, in an article about how top earners can contribute to a Roth IRA. Piershale offers an example regarding the Backdoor Roth conversion strategy, explaining that it is only tax-free if the owner does not have any other IRAs.

Northwest Herald, October 4th, 2015

Mike Piershale, president of Piershale Financial shares this article, Consider a retirement planning do-over. “Money rolled to a Roth IRA from an employer plan can also be recharacterized by transferring the money to a Traditional IRA. You generally have until Oct. 15 of the following year to recharacterize,” Piershale says.

Reuters.com, October 2, 2015

Hilary Johnson of Reuters.com quotes Mike Piershale, president at Piershale Financial Group, in an article about mortgage rates and the housing market amid the Fed’s decision to keep interest rates unchanged. It’s unknown when the Fed may make a decision to change rates, but Piershale says, “We’re cautioning against buying properties right now unless you’re planning on staying in them.”

USAToday.com, September 30, 2015

Hadley Malcom of USA Today includes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article about millennials merging finances before marriage. “Disclose how much student loan debt, credit card debt and any other debt you have, because it will affect how you work toward financial goals together. It's also important to discuss your philosophies on debt and the use of credit cards,” he says.

CNBC.com, September 4, 2015

Kelley Holland of CNBC includes John Piershale, wealth advisor at Piershale Financial Group, in an article about reducing Social Security tax. "A lot of people take the benefit and they don't need the income, and they put it in a savings account. Do you know what savings accounts are paying? Nothing. But if you don't take your benefit, it grows 8 percent a year, and you avoid paying the tax on your Social Security during that time,” he says.

This article also appears at:

NBCNews.com, September 4, 2015

FiscalTime.com, September 5, 2015

 

DepositAccounts.com, August 23, 2015

Sheryl Nance Nash of DepositAccounts.com quotes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article about auto-IRAs as a strategy to boost American’s retirement savings efforts. With the Obama Administration backing legislation of the effort, Barzideh explains that these strategies are a step in the right direction. “Maybe the government could offer a federal match toward the auto-IRA account on top of the employee’s contribution to motivate people below a certain income threshold,” he says.

Northwest Herald, August 23, 2015

Mike Piershale, president of Piershale Financial Group share this article, Ways to Trim Your Taxes on Social Security. “If you have moderate-to-low income showing on your tax return, and you are generating a lot of taxable interest and dividends from investments where you don’t need that investment income, you might be a good candidate to lower this tax,” Piershale says.

Financial Planning, August 5, 2015

Donald Korn of Financial Planning magazine includes Mike Piershale, president of Piershale Financial Group, in an article about managing estate taxes. In order to protect a married couple from triggering unnecessary state estate or inheritance tax, Piershale recommends that some form of the traditional A/B trust arrangement may be necessary.

Financial Planning, July 27, 2015

John Piershale, wealth advisor at Piershale Financial Group, is included in a piece for Financial Planning by contributor Donald Korn. The article details how spouses can increase Social Security benefits and navigate confusing survivor benefits. Piershale recommends proceeding with caution, “With multiple choices, widows and widowers likely will benefit from working with a knowledgeable advisor.”

US News & World Report, July 16, 2015

Maryalene LaPonsie of US News & World Report includes Mike Piershale, president at Piershale Financial Group, in an article highlighting five things to know before pulling money from a traditional IRA. “When you retire, often people have what I call this ‘window of opportunity’ where they have low income years,” says Piershale. “Those first years of retirement can be the perfect time to convert money from a traditional IRA to a Roth IRA.”

USA Today, July 11, 2015

Jeff Reeves of USA Today quotes Mike Piershale, president at Piershale Financial Group, in an article about the importance of individuals creating a will. Piershale weighs in on updating the document amid notable life changes. “Changing circumstances may cause a need to update beneficiaries. This includes if you marry, remarry, have a child or new grandchild, have a divorce, or if a spouse or child dies,” Piershale says.

Northwest Herald, July 5, 2015

Mike Piershale, president of Piershale Financial Group shares this article, Strategizing Taxes in Retirement. “If you’re in a retirement plan (like a 401k) that lets you invest in your company’s stock, you should be aware of something called net unrealized appreciation or NUA, a simple tax reduction strategy with a complicated name.”

DailyFinance.com, June 27, 2015

Donna Fuscaldo of DailyFinance.com quotes John Piershale, wealth advisor at Piershale Financial Group, in an article about how often investors should rebalance their portfolios and when. “During normal market conditions, we continually identify, rank and invest only in the most favorable areas. If market conditions deteriorate substantially, then have a well-defined exit strategy that our clients understand,” he says.

Financial Advisor IQ, June 15, 2015

Piershale Financial Group wealth advisor, Ben Barzideh, is featured is Peter McDougall’s piece for Financial Advisor IQ about preventing clients from making bad decisions. Barzideh offers a situation where he had to help a client understand his tactical investment approach. “It’s really emotion that is driving them, and it’s our job as advisors to process that emotion and reply with clear communication and simple facts,” he explains.

Northwest Herald, May 24, 2015

Mike Piershale, president of Piershale Financial Group shares this article, Protecting Money From Sequence of Return Risk. “As an investor, you face another lesser-known risk where not even diversification has provided a consistent track record of protecting your money. This is a risk of investing your money at the wrong time, resulting in the depletion of your assets. We call this the sequence of return risk.”

The Wall Street Journal, May 15, 2015

Veronica Dagher of The Wall Street Journal includes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article highlighting the financial risks associated with a divorce. “Lenders don’t let you off the hook just because your divorce settlement states that your ex-spouse will pay them off,” he says. “The best thing to do is pay off all shared debts before the divorce becomes final.”

US News & World Report, May 12, 2015

Mike Piershale, president of Piershale Financial Group, is featured in a US News & World Report article that examines the importance of creating and maintaining a family financial record. “We had a client come in with piles of statements, confirms and canceled checks going back to the 1980s. It makes it really hard for the kids or heirs to find and locate what's important if they leave piles of stuff they don't need,” Piershale says. Creating an organized compilation of important documents for heirs is essential.

ThinkAdvisor.com, May 11, 2015

David LaMartina of ThinkAdvisor.com quotes Mike Piershale, president of Piershale Financial Group, in an article highlighting the importance of estate planning for retirees. “It’s definitely important for everyone, including the middle class,” he says.

Time.com, May 5, 2015

Ben Barzideh, wealth advisor at Piershale Financial Group, is featured in an article offering financial advice to new college grads. “An emergency fund of about $1,000 is enough for you,” says Barzideh. “Set a little money aside from any graduation checks you might receive, and add $50 or so a month into a bank account—one that’s separate from your day-to-day account, so you won’t be tempted to raid it for everyday needs.”

Northwest Herald, April 10, 2015

Mike Piershale, president of Piershale Financial Group shares this article, Easy Way to Lower Taxable Income. “We’re going to walk through a simple but effective way to help lower your taxable income” Mike says. “When people come into our office, we examine their tax returns, looking carefully for ways to reduce their taxes. We don’t look at your tax return only once, but every year. 401(k) participation is an example of things we look for.”

DepositAccounts.com, April 13, 2015

Sheryl Nance Nash of DepositAccounts.com quotes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article about couples joining their finances into one account. Barzideh explains the advantages to a joint account, including the lower fees that can be assessed by the bank with one, larger balance.

Bankrate.com, April 6, 2015

Jennie Phipps of Bankrate.com includes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article that highlights rules for taking money from your IRA or 401(k). “Students can borrow to pay tuition, but you can’t borrow to pay for your retirement,” he says.

USA Today, March 19, 2015

Jeff Reeves of USA Today includes John Piershale, wealth advisor at Piershale Financial Group, in an article about suspicious tax returns and the red flags an auditor might look for. Piershale explains that typos and bad math on a return can be a leading reason for the IRS to look deeper into a return. “Common sources of IRS inquiries are W-2s or 1099s that do not agree with the return,” Piershale says. “To save yourself some headaches, double-check your numbers and income sources when you file.

DailyFinance.com, March 16, 2015

Donna Fuscaldo of DailyFinance.com includes John Piershale, wealth advisor at Piershale Financial Group, in an article highlighting four ways that investors can pay less taxes on their investments. “People think about taxes last. But they have to stop and realize every transaction has a tax consequence,” he says.

USA Today, March 8, 2015

Jeff Reeves of USA Today quotes John Piershale, wealth advisor at Piershale Financial Group, in an article about overlooked tax breaks to consider on this year’s tax return. Piershale explains how poor investments can offset taxes on capital gains. “If you lose a lot of money, don’t forget you are able to spread that loss out over future tax returns to offset potential future profits down the road,” he says.

MainStreet.com, March 3, 2015

Ellen Chang of MainStreet.com quotes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article about boosting your savings with a tax refund. “This is not an investment, but more like insurance. A rainy day fund should come before paying down debt or investing money, because if you lacked emergency money, it would mean that you will most likely go into debt to take care of emergencies that come up,” Barzideh says.

Northwest Herald, March 1, 2015

Mike Piershale, president of Piershale Financial Group shares this article, Protecting Your Money in Divorce. “If mistakes are made during this process and taxes and penalties are involved, things get even more complicated” Mike says. Another common mistake after a divorce is the failure to properly update beneficiary forms.

CNBC.com, February 25, 2015

Nancy Mann Jackson of CNBC.com includes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article about new IRS provisions for withdrawing savings from an IRA or 401(k) early without incurring a penalty. “Generally, it’s considered not a good idea to pull money out of 401(k)s or retirement accounts early,” says Barzideh. “With any money you pull out, you are also giving up the opportunity cost of what that money would have grown to if you had just left it alone.”

Northwest Herald, February 1, 2015

Northwest Herald announces “The Money Hour” radio show hosted by Mike Piershale, president of Piershale Financial Group. The show will discuss financial planning issues and other topics that Piershale and his team assist with the advisory firm. “There is a genuine need for clear advice on financial planning issues and we are proud to deliver our knowledge and perspective to the audience in Chicago,” Piershale says. “We look forward to offering listeners advice on innovative retirement, investment and estate planning strategies.”

Northwest Herald, January 18, 2015

Mike Piershale, president of Piershale Financial Group shares this article Prepare for retirement plan changes. “A number of changes will affect the way you enter the new year” Mike says. Here is a quick look at the good news and the not-so-good news for those saving for retirement.

The Wall Street Journal, January 2, 2015

Anna Prior of The Wall Street Journal includes Mike Piershale, president of Piershale Financial Group, in an article about the 15 numbers that are critical for investing, taxes, and financial planning. Piershale weighs in on fixed living expenses in retirement. “Don’t forget bills that crop up only a few times a year, such as some insurance premiums or property tax,” he says. “And while tallying expenses, look for items that you might be able to trim.”

The Wall Street Journal, December 30, 2014

John Piershale, wealth advisor at Piershale Financial Group, is featured in an article by Wall Street Journal reporter Veronica Dagher about advisors’ business resolutions. Piershale explains that one effort he hopes to implement in the new year is discussing Social Security more often with clients. “It’s crucial that clients fully understand their Social Security options before they file for benefits. If you make the wrong choice you can miss out on thousands of dollars in benefits over the rest of your life,” he says.

Financial Advisor, December 18, 2014

Karen DeMasters of Financial Advisor quotes Mike Piershale, president of Piershale Financial Group, in an article about dealing with clients who hang onto losing stocks longer than they should. “Some investors go to their graves owning stocks they love, but should have sold to harvest the losses or to diversify,” Piershale says.

RIA Central, December 18, 2014

Nicole Coulter of RIA Central quotes Mike Piershale, president of Piershale Financial Group, in an article about ways advisors can help clients save on taxes. By incorporating tax code knowledge into investment advice, advisors can help clients realize big dividends. “CPAs are focused on deductions and exemptions, and credits,” he says. “Tax planning is more proactive and looks at tax strategies that aren’t automatically going to be implemented.”

Northwest Herald, December 15, 2014

Chelsea McDougall of the Northwest Herald quotes Mike Piershale, president of Piershale Financial Group, in an article about charitable giving and tax incentives. Piershale says his most important piece of advice is this: don’t forget. “The biggest problem people have, sometimes, is they just flat forget. And they get to January 1, and they can’t get that deduction. They meant to donate but, now they can’t get it.”

US News & World Report, Nov. 27, 2014

 

Mike Piershale, president of Piershale Financial Group, is featured in a second US News & World Report article by Joanne Cleaver. The piece offers tips for transferring 401(k) funds to a new employer. Piershale discusses the complications of owning company stock in your plan. “This typically applies to people who’ve been at the same company for at least five years and typically much longer,” he says.

US News &World Report, November 20, 2014

 

Joanne Cleaver of US News & World Report quotes Mike Piershale, president of Piershale Financial Group, in an article outlining 401(k) rollover strategies. Piershale explains the forms associated with the transfer can be more difficult than most people expect. “I’m always telling new clients that we like to help them fill out the paperwork for the rollover. The forms can be confusing,” he says.

Kiplinger's Retirement Report, November 2014 Issue

Rachel Sheedy of Kiplinger’s Retirement Report quotes Mike Piershale, president of Piershale Financial Group, in article about how after-tax money can be split from a traditional 401(k) and sent directly to a Roth IRA. The article explains how this will benefit retirees and help them boost tax-free savings. Piershale agrees that this new ruling makes retirement easier. "It's a sweet deal," he says

 

 

MainStreet.com, October 23, 2014

Juliette Fairley of MainStreet.com quotes Mike Piershale, president of Piershale Financial Group, in an article about alternative long term care insurance options. Piershale weighs in on annuities and hybrid life insurance plans, and outlines that depending on the individual’s situation, there are different benefits to each alternative.. 

 

 

Bankrate.com, October 15, 2014

Crissinda Ponder of Bankrate.com includes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article about insurance for newlyweds. “Insurance for newlyweds ought to include disability coverage. You’re trying to replace that income that would be lost if you were ever disabled,” he says.

 

Consumer Reports, September 19, 2014

Mike Piershale, president of Piershale Financial Group, shares his insight in a Consumer Reports article to discuss the seven questions every client should ask their financial advisor. When discussing how frequently advisors look over their clients tax returns, Piershale says, “If the answer is ‘never,’ that’s a red flag that he could be doing more.”

 

USA Today, August 26, 2014

Rodney Brooks of USA Today includes John Piershale, wealth advisor at Piershale Financial Group, in an article about retirees handling 401(k)s. “If you pass away and leave your money in an IRA, it’s so much easier. Your employer is not in the business of estate planning,” he says.

 

Bankrate.com, August 25, 2014

Donna Fuscaldo of Bankrate.com quotes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article that discusses how age affects investment style. “It’s very important as you go through the life phases that you update your beneficiaries in your retirement accounts and life insurance policies. Your beneficiaries override your estate plan and your will,” Barzideh says.

 

US News & World Report, August 22, 2014

Teresa Mears of US News & World Report includes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article about the consequences of tapping into your retirement accounts before your golden years. “In a perfect world, we would recommend that you don’t tap any retirement accounts early,” he says. “Your retirement account is intended to be for retirement.”

 

MarketWatch Radio, August 18, 2014

Adrienne Mitchell, host of MarketWatch Radio, features Ben Barzideh, wealth advisor at Piershale Financial Group, in a podcast about careful financial planning for adults if their parents are moving in with them. “It’s important to sit down and plan for as much of the cost that you can think of ahead of time,” he says. “What we see often is the parent moving in with you does have some level of money, and a lot of time they can help out.”

 

MarketWatch.com, August 13, 2014

Quentin Fottrell of MarketWatch.com quotes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article about six smart ways to pay off debt. “Paying off debt is like getting in shape and losing weight. Both require discipline and little treats along the way, and both should target the one area that bothers you the most. Make a to-do list, track your monthly inflows and outflows just like calories,” Barzideh says.

 

On Wall Street, July 30, 2014

Maddy Perkins of On Wall Street includes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article about the importance of retirement planning and why some individuals do not plan properly. “Unfortunately, I think there’s a little denial that happens,” says Barzideh. “It makes [late-comers] nervous and they don’t like that feeling. So they put their head in the sand, act like it doesn’t matter and just go about their day.”

 

Financial Advisor, July 2014 Issue

Piershale Financial Group was included on Financial Advisor’s 2014 RIA listing, being recognized as 408th out of 529 national firms. The ranking highlights the top US firms based on year end 2013 assets, assets per client, and other weighted elements.

 

MainStreet.com, June 17, 2014

Brian O’Connell of MainStreet.com quotes John Piershale, wealth advisor at Piershale Financial Group, in an article about mid-year financial objectives. “The best advice is to start right now,” Piershale says. “Half the year is up, so make year-end goals realistic and obtainable. When it comes to your retirement, save as much as you can in every possible source.”

 

The Wall Street Journal, June 2, 2014

Andrea Coombes of The Wall Street Journal includes Mike Piershale, president of Piershale Financial Group, in an article that discusses the most valuable assets to be left for one’s heirs. Piershale states the importance of allowing a Roth to reach its full potential before taking out income. “If you aren’t able to leave that money alone for at least 10 years after you convert it to a Roth, most of the time it’s just not going to work,” he says. “If you do a conversion to a Roth and start immediately taking income with typical withdrawal rates like 5-6 percent, you will dramatically slow down the potential growth of the Roth IRA.”

 

Kiplinger’s Retirement Report, June 2014 Issue

Rachel Sheedy of Kiplinger’s Retirement Report quotes Mike Piershale, president of Piershale Financial Group, in an article outlining key rules to be aware of when calculating RMDs. Piershale explains the importance of taking distributions once the original owner of a traditional IRA turns 70 ½. “If you fail to take the RMD on time, the IRS will sock you with a 50 percent penalty of the missed amount – if the RMD is $10,000, that’s a $5,000 penalty,” he says.

 

MainStreet.com, May 29, 2014

Juliette Fairley of MainStreet.com includes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article discussing that more than half of millennials are planning to self-fund their retirement through plans such as IRAs and 401(k)s. “When you are younger, a Roth IRA is better because you have many more years to watch it grow and when you withdraw from it at retirement, it’s tax free,” says Barzideh.

 

CNBC.com, May 29, 2014

Reporter Sheryl Nance-Nash quotes John Piershale, wealth advisor at Piershale Financial Group, in an article about interest rates and consumer impact. With the concern of rising interest rates on the minds of many investors, Piershale weighs in on rethinking bonds. “Bond investors should consider shortening the duration in their bond portoflio to lessen risk, as well as laddering maturities,” he says. “Long-term bonds are most susceptible to loss of principal, especially in rapidly rising rate environment.”

This article also appears at:

The Fiscal Times, May 28, 2014

MarketWatch.com, May 21, 2014

Elizabeth O’Brien of MarketWatch.com includes Mike Piershale, president of Piershale Financial Group, in an article describing the importance of maintaining a strong social network after retirement, in order to prevent feelings of isolation. For clients without a strong network, Piershale explains that he acts as a social director, finding out client interests and hobbies to try and guide them to different social networks. “For the religious, church can provide a supportive community, and for the adventurous, we recommend trips abroad,” he says. “There’s nothing like going into a foreign culture to make people get closer to another.”

 

Money magazine, May 20, 2014

Sarah Max of Money magazine quotes John Piershale, wealth advisor at Piershale Financial Group, in a brief article about closing out an old 401(k). “Unless you put the money in another retirement account within 60 days of receiving the check, you’ll owe taxes on the sum, plus a 10 percent early-withdrawal penalty if you’re not yet 59 ½,” says Piershale.

 

USA Today, April 21, 2014

Nanci Hellmich of USA Today includes John Piershale, CFP, wealth advisor at Piershale Financial Group, in an article detailing how to ‘spring clean’ your financial paperwork. Piershale asserts that some of his clients still like to keep a paper copy of important documents, but keeping only electronic records has become the overwhelming norm.

 

FoxBusiness.com, April 11, 2014

Kathryn Vasel of FoxBusiness.com includes Mike Piershale, president of Piershale Financial Group, in an article outlining tips that financial advisors wished their clients knew. One money lesson that Piershale offers is to have an estate plan, no matter your age. “You want to make sure your assets are passed to the people you want, and more importantly, you want to name a guardian for your children in case the unthinkable happens,” he says.

 

USA Today, April 6, 2014

Jeff Reeves of USA Today includes John Piershale, CFP, wealth advisor at Piershale Financial Group, in an article detailing a recent and unexpected ruling on tax law regarding IRA rollovers that could affect a small group of successful savers. Piershale emphasizes how this new ruling could impact some older Americans that have come to rely on bank IRAs backed by CDs. “Rather than get a check in your hands, you can do trustee-to-trustee transfers,” Piershale says. “If you only do this going forward, you can keep out of trouble easily.”

 

The Fiscal Times, March 24, 2014

Sheryl Nance Nash of The Fiscal Times includes Ben Bazideh, wealth advisor at Piershale Financial Group, in an article highlighting some creative, impractical, and unforgettable ways that individuals ‘blow’ their tax refunds. “Some 84 percent of filers have received a refund – and there are plenty of sensible things to do with a few ‘extra’ thousand dollars,” says Bazideh. “If your savings accounts are fully funded, pamper yourself in another way, like investing in a gym membership or taking classes to advance yourself professionally.”

 

USA Today, March 18, 2014

Nanci Hellmich of USA Today quotes John Piershale, CFP, wealth advisor at Piershale Financial Group, in an article highlighting a national study concluding that 36 percent of workers have less than $1,000 in savings and investments that could be used for retirement. “Try to imagine how much you are going to need to have saved up to last you 20 to 30 years during retirement,” Piershale says. “The only way you can figure that out is do some retirement calculations.”

 

Interest.com, March 17, 2014

Craig Guillot of Interest.com includes John Piershale, CFP, wealth advisor at Piershale Financial Group, in an article outlining the 10 “secrets” to successfully save for retirement. Of these 10 secrets, one is to never cash out a 401(k) when changing jobs. “There are obvious and expensive tax reasons not to cash out a 401(k),” Piershale says. “The purpose of it is for your retirement goals.”

MarketWatch Radio (February 14, 2014)

Larry Kofsky, host of MarketWatch Morning Stock Talk, chats with John Piershale, CFP, wealth advisor at Piershale Financial Group, in a radio segment discussing market trends in the wake of disappointing economic news. Piershale suggests that the early 2014 market pullback might be healthy in combating consumer contentment. “There could be another possibility of a downward trend later in the year if complacency comes back,” he says.

 

Medill Reports (January 15, 2014)

Jackie Zimmerman of Medill Reports quotes John Piershale, wealth advisor at Piershale Financial Group, in an article that suggests the best way to begin the new year is by rebalancing your 401(k), despite 2013’s strong fiscal finish. “Over a period of time the ups and downs in the markets cause portfolios to change from your original allocation, Piershale says. “ Rebalancing brings them back in line.”

 

Northwest Herald (January 11, 2014)

Emily Coleman of Northwest Herald includes John Piershale, wealth advisor at Piershale Financial Group, in an article detailing why and how overspending significantly, and dangerously, escalates during the holiday season.

 

Advisor Today (January/February 2014 Issue)

Nick Fortuna of Advisor Today quotes Mike Piershale, president of Piershale Financial Group, in an article about implementing safe growth plans into Boomer client’s portfolios. Piershale explains that variable annuities can be an attractive option to consider. “Even if you deplete your principal, they have to keep paying you a very decent income until you die,” he says. “When clients come into our office and say they can’t afford another huge market crash, but they still want to be in stocks and bonds, we point them toward the variable annuity product.”

 

USA Today (December 17, 2013)

Rodney Brooks of USA Today quotes Mike Piershale, president of Piershale Financial Group, in an article highlighting a recent study finding a startling lack of retirement savings for the self-employed. “I think it’s a huge problem,” Piershale explains. “For the first few years, it’s nip and tuck. Business owners focus on their business at the expense of everything else. They are human resources, the accounting department, marketing department, and the IT department.”

 

DailyFinance.com (December 05, 2013)

Michele Lerner of DailyFinance.com quotes John Piershale, wealth advisor at Piershale Financial Group, in an article about how to talk to aging parents about their finances. Piershale suggests leaving a letter of instruction within an estate plan that will detail personal thoughts, as well as other specific wishes postmortem. “This can be the most helpful document you leave for your family members and executor,” he says.

 

Medill Reports (December 04, 2013)

Jackie Zimmermann of Medill Reports quotes John Piershale, wealth advisor at Piershale Financial Group, in an article detailing implications surrounding the new 3.8 percent net investment income tax. Piershale weighs in on year-end tax planning strategies. “Consider any opportunities you have to defer income to 2014,” he says. “Doing so may allow you to put off paying tax on the income until next year. If there’s a chance that you will be in a lower income tax bracket next year, deferring income could mean paying less tax on the income.”

 

Wall Street Journal (November 30, 2013)

Lindsay Gellman of The Wall Street Journal includes Mike Piershale, president of Piershale Financial Group, in an article detailing the critical financial considerations that an individual should make before ringing in the new year. “If you're carrying investments at a loss—say, mutual funds that have dipped several thousand dollars in value since you purchased them—you might consider selling them by Dec. 31 to realize capital losses,” he offers. “Then use these to offset gains from other sources.”

 

Kiplinger's Retirement Report (December 2013 Issue)

Rachel Sheedy of Kiplinger’s Retirement Report quotes Mike Piershale, president of Piershale Financial Group, in an article detailing the benefits of adding a Roth IRA account for tax-free income. Piershale weighs in on converting a traditional Roth into a Roth IRA, especially if you no longer have earned income. He explains the tax benefits to converting part of the IRA and says, “Try to use up lower tax brackets. It’s a lot cheaper to do a conversion at the 15 percent bracket.”

 

DepositAccounts.com (November 25, 2013)

Sheryl Nance Nash of DepositAccounts.com quotes John Piershale, wealth advisor at Piershale Financial Group, in an article about caregiving trends among baby boomers. Given that boomers are more mobile and independent now than in years’ past, Piershale explains the impact it has on who they can rely on for caregiving needs in the future. “Because we don’t stay in one place too long, the odds of maintaining friendships diminish,” he says. “We lose connections with loved ones as geographical distance increases. As a result, many boomers will find they mostly have to take care of themselves.”

 

FoxBusiness.com (November 22, 2013)

Kathryn Vasel of FoxBusiness.com quotes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article discussing important tips to begin the estate planning process. Barzideh weighs in on why estate planning is a crucial step in securing ones financial future. “You can either plan accordingly in an efficient and organized manner or just let things happen,” he says. “When you don’t plan for the transfer of your estate from one generation to the next, you can end up losing more money to taxes than you had to.”

 

Financial Planning (November 2013 Issue)

Martha White of Financial Planning magazine includes Mike Piershale, president of Piershale Financial Group, in an article highlighting a recent AARP study that examines the financial impact of retirees going back to work. Piershale weighs in on tax consequences and how to keep clients from spending more in taxes than they have to. "Make sure to take full advantage of all qualified types of plans - certainly putting in the max into a 401(k) plan and seeing if the client can qualify to get a tax deduction on an IRA," he says.

 

Forbes.com (October 22, 2013)

Maggie McGrath of Forbes quotes Mike Piershale, president of Piershale Financial Group, in an article discussing the advantages and drawbacks of owning “too much” employer equity. Piershale weighs in on how much equity in one’s employer is considered to be disproportionate, and furthermore, potentially dangerous. “We advise them to cut it back so it’s not more than 10 percent of their total portfolio,” he says.

 

MarketWatch Radio (October 09, 2013)

Larry Kofsky, host of MarketWatch Morning Stock Talk, chats with John Piershale, CFP, wealth advisor at Piershale Financial Group, for a radio segment outlining market news amid the government shutdown. “This is a big cloud that’s overshadowing some things at the moment,” Piershale says. “The market tends to like stability and predictability. The issues we’re seeing coming out of Washington is generating uncertainty and creating a lot of questions in the investment community’s mind.”

 

Bankrate.com (October 01, 2013)

Nancy Mann Jackson of Bankrate.com quotes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article about creating a successful retirement. He offers insight on how to stay happy in retirement, including developing new hobbies, exercising, planning to leave a positive legacy behind, and follow-up retirement planning for the years to come. "Often, people only plan for that first decade of retirement and don't do the necessary planning for the second or third decade,” Barzideh says. “A financial planner can help you develop a plan, and also manage your investments in accordance to the plan.”

 

DailyWorth.com (October 01, 2013)

Nancy Mann Jackson of DailyWorth.com includes John Piershale, CFP, wealth advisor at Piershale Financial Group, in an article discussing how the government shutdown is likely to affect us. He weighs in on a discussion of the “nonessential” services that could be stopped, as well as the potential negative effects a shutdown could have on fourth quarter economic numbers. He says, “A few days probably wouldn’t make much difference, while a month, which is unlikely, would have a measurable effect on fourth quarter GDP.”

 

US News & World Report (September 30, 2013)

Mike Piershale, president of Piershale Financial Group, appears in an article by Susan Johnston of US News & World Report about the major tax implications of supporting adult children, and whether this financial support incurs gift tax. “The IRS doesn’t worry about the kid moving back to their old room and eating meals at their home,” Piershale says. “But if you had a parent that was giving really serious money to their kids for whatever reason, they’re going to be interested in that.”

 

DailyWorth.com (September 13, 2013)

Nancy Mann Jackson of DailyWorth.com includes John Piershale, CFP, wealth advisor at Piershale Financial Group, in an article about how the 2008 financial crisis still affects the industry today. “The 2008 crash remains very fresh in our minds,” Piershale says. “It wiped out a lot of net worth for a lot of folks, and it has really changed the way a lot of people live.”

 

Interest.com (August 14, 2013)

Craig Guillot of Interest.com includes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article discussing savings tips for adults in their 30s. "With credit card debt, your money is leaving you to pay interest," Barzideh says. “The sooner you pay it off, the sooner you can make money that is paying you back."

 

Financial Advisor (August 12, 2013)

Financial Advisor’s “On the Move” section highlights John Piershale, CFP, wealth advisor at Piershale Financial Group, for his addition to the firm. With 20 years of experience, Piershale will work with pre-retirees and retirees to implement strong wealth management plans.

 

Kiplinger's Retirement Report (August 2013 Issue)

Rachel Sheedy of Kiplinger’s Retirement Report quotes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article about social security planning.

 

Accounting Today (August 6, 2013)

Mike Piershale, president of Piershale Financial Group, discusses the tax benefits of net unrealized appreciation in a podcast for Accounting Today. “It’s surprising how little known this tax strategy is, especially since it has to do with company stock in company retirement plans,” Piershale says. “It gives you a huge tax savings if you are able to get the net unrealized appreciation.”

 

FoxBusiness.com (July 22, 2013)

Donna Fuscaldo of FoxBusiness.com includes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article about savings strategies for newlyweds. Barzideh suggests that couples should communicate their spending habits to one another. “It’s very important that both spouses have an idea of what’s going on with their finances, that way you hold each other accountable,” he says.

 

Family Wealth Report (July 22, 2013)

Stephen Little of Family Wealth Report highlights the recent hire of John Piershale, wealth advisor, to Piershale Financial Group. Holding a previous post at LPL Financial, John will now be responsible for overseeing investment and retirement related plans in his new role.

 

CreditCards.com (July 19, 2013)

Margarette Burnette of CreditCards.com quotes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article about how young adults can be financially disciplined after college. “A budget allows you to cut frivolous expenses for items you wouldn't miss, and move those funds into savings instead,” he explains. “You always want to have money for emergencies built in.”

 

Reuters (July 19, 2013)

Reuters runs information highlighting the new hire of John Piershale, wealth advisor at Piershale Financial Group, to the firm. With 20 years of experience in the financial industry, John will be responsible for overseeing and managing client retirement plans and implementing investment strategies. He also will take part in the firm’s frequent seminar workshop series.

 

Financial Advisor (July 2013 Issue)

Piershale Financial Group is included to Financial Advisor’s 2013 RIA Ranking, which highlights the firm’s total assets and growth in assets over the last few years.

 

The Wall Street Journal (July 8, 2013)

The Wall Street Journal includes information on a seminar series hosted by Michael (Mike) Piershale, president of Piershale Financial Group. The educational workshop will highlight IRA and other retirement planning strategies.

 

The Wall Street Journal (July 5, 2013)

Veronica Dagher of The Wall Street Journal quotes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article about investing strategies for newlyweds. Barzideh recommends that newly married couples begin saving as soon as possible and establish an emergency fund that covers up to six months of expenses. “From there, couples should put 10-15 percent of their combined income into an investment account or savings account,” he says.

 

CNBC.com (June 27, 2013)

Mike Piershale, president of Piershale Financial Group, outlines alternative strategies and tax-savings plans in a piece that appears at CNBC.com. Piershale recommends utilizing NUA as a tactic to avoid steep income tax during retirement withdrawals.

 

FoxBusiness.com (June 14, 2013)

Emily Driscoll of FoxBusiness.com features Michael (Mike) Piershale, president of Piershale Financial Group, in an article about the importance of getting organized before tax season. Piershale recommends that consumers should be aware of new tax code regulations to avoid mistakes. “Recognize that if you're not experienced at preparing a tax return, get professional help from either a CPA or a qualified tax preparer,” he says.

 

WBBM-AM (May 30, 2013)

Michael (Mike) Piershale, president of Piershale Financial Group, returns as a guest on WBBM-AM “Noon Business Hour” radio to offer his outlook on market direction. Piershale touches on current Fed policies and explains that the bond buy-back programs are holding down interest rates artificially, which could be detrimental to the market. “We believe in the long-term, the printing of this money is going to cause some problems. We do not think we’re headed for deflation, but rather for inflation,” he says.

 

Mint.com (May 29, 2013)

Craig Guillot of Mint.com quotes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article about personal finance moves that consumers should live by. Barzideh discusses saving tips and highlights the power of compounding. “Your money can double later down the line and it really starts growing” he says. “This is why it’s more important to save a little now rather than try to catch up later.”

 

USA Today (May 22, 2013)

Rodney Brooks of USA Today quotes Michael (Mike) Piershale, president of Piershale Financial Group, in an article highlighting the top mistakes that advisors see their clients make as they near retirement. Piershale explains the importance of creating solid estate plans and the impact it can have if couples do not have one in place. “If there is not an estate plan, it can lead to a lot of costs and expenses that can set a retirement back for a surviving spouse,” he says.

 

Bankrate.com (May 16, 2013)

Jennie Phipps of Bankrate.com quotes Michael (Mike) Piershale, president of Piershale Financial Group, in an article about investors rolling money out of their 401(k) and opting to use an IRA instead. “We have a lot of clients who are stuck in 401(k) plans that offer very limited choices or have mutual funds with hefty fees,” he says. Piershale weighs in on in-service rollovers and offers how the tool may be beneficial for certain employers.

 

Work Reimagined (May 02, 2013)

Stephanie Pfeffer of Work Reimagined, a channel of AARP, quotes Mike Piershale, president of PiershaleFinancial Group, in an article about the financial impact of changing careers. Piershale shares his story of re-evaluating his career path, returning to the financial industry after working as a minister for a period oftime. The article outlines tips, such as calculating retirement numbers and working with your spouse to ensure support, as items people should consider when changing careers later in life.

 

WBBM-AM (April 24, 2013)

Mike Piershale, president of Piershale Financial Group, returns as a guest on WBBM-AM “Noon Business Hour.” During the radio program, Piershale offers insight on investment plays that he recommends to clients and where he expects the market to head in coming months. “We’ve had a nice run up in the market recently and it’s our belief that we will continue to see a rally in the US stock market for the remainder of the year,” he says.

 

HSH.com (April 11, 2013)

Michele Lerner of HSH.com includes Michael (Mike) Piershale, president of Piershale Financial Group, in an article outlining how to implement estate plans for aging parents before they pass away. The piece highlights estate strategies for families to consider, such as putting the property in a trust. “If your only asset is your house, then a simple land trust will be enough,” Piershale says. “You establish beneficiaries and then when you pass away the property goes directly to your beneficiaries without going through probate.”

 

Mint.com (April 03, 2013)

Craig Guillot of Mint.com includes Michael (Mike) Piershale, president of Piershale Financial Group, in an article debating whether the wealthy really pay more in taxes than the average American. Piershale explains that rates often “can be all over the place depending on factors related to deductions and credits.” In addition, Piershale weighs in on self-employed Americans and the methods behind how they are taxed annually.

 

Business Insider (March 26, 2013)

Mandi Woodruff of Business Insider features Mike Piershale, president of Piershale Financial Group, in an article about investors who should steer clear of Roth IRAs, as the investment option is not always a good fit for all. For pre-retirees who expect to use IRA funds in retirement, Piershale urges them to reconsider the Roth, and says, “Converting to a Roth costs money and it takes a certain number of years before the money you pay upfront is justified by the tax savings. This timeline is greatly increased if you’re taking income.”

 

Financial Planning (March 22, 2013)

Samantha Allen of Financial Planning magazine includes Michael (Mike) Piershale, president of Piershale Financial Group, in an article and accompanying slideshow that reviews tax mistakes that advisors believe accountants make with clients. “Accountants sometimes put their tax preparation fee as a miscellaneous itemized deduction on Schedule A, but often the tax payer is not able to deduct it because it has to be above 2 percent of adjusted gross income,” Piershale explains.

 

WBBM-AM (March 20, 2013)

Mike Piershale, president of Piershale Financial Group, appears as a guest on WBBM-AM “Noon Business Hour.” During the radio segment, Piershale offers his thoughts on market expectation and economic outlook. “It’s our belief that as part of the continued stimulus, it could lead to an ongoing rally in the market, which may run for the majority of the year. It could fizzle in the last quarter in 2013,” Piershale says.

 

The Wall Street Journal (March 01, 2013)

Veronica Dagher of The Wall Street Journal features Mike Piershale, president of Piershale Financial Group, in a profile piece highlighting the Christian-based inspirational speaking events that he holds for clients throughout the year. Piershale explains that sharing his faith is important to him as an advisor, but that he treads carefully. “Our job is to help clients with their finances, not preach. However, advisors can still share faith in smaller ways that clients will appreciate,” he says.

 

US News & World Report (February 22, 2013)

Daniel Bortz of US News & World Report quotes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article about the pre-retirement concerns baby boomers face. Barzideh offers insight on ways that married couples can make retirement adjustments work properly, given spouses often stop working at different times.

 

Accounting Today (February 22, 2013)

Michael Cohn of Accounting Today features Mike Piershale, president of Piershale Financial Group, in a podcast reviewing why the firm finds it imperative to include clients’ tax returns in their overall financial plan. “When we begin working with a new client, we require them to bring their tax return statements and their spouse. We need to review these documents and work with the spouse to analyze data and set up proper plans,” he says.

 

Kiplinger's Retirement Report (February 2013 Issue)

Rachel Sheedy of Kiplinger’s Retirement Report quotes Michael (Mike) Piershale, president of Piershale Financial Group, in an article about how non-spousal beneficiaries can properly inherit an IRA. Often tricky for beneficiaries, the article outlines when to take RMDs if the IRA is split among a number of heirs. “The distribution depends on age—the younger the beneficiaries are, the less they have to take out,” Piershale explains.

 

Financial Advisor (February 06, 2013)

Karen DeMasters of Financial Advisor magazine quotes Ben Barzideh, wealth advisor at Piershale Financial Group, in an article about people taking funds from a 401(k) plan to pay current expenses. While advisors almost always suggest against taking a 401(k) loan, investors sometimes have to in extreme cases and when other financial options have been exhausted. Offering a solution to avoid tapping into a 401(k), Barzideh suggests setting up an emergency fund before putting money aside for retirement. That way, the emergency fund can be used before a withdrawal from a 401(k) plan has to be made.

 

Business Insider (January 07, 2013)

Mandi Woodruff of Business Insider quotes Mike Piershale, president of Piershale Financial Group, in an article about fiscal cliff negotiations allowing more workers to convert their 401(k) savings into a Roth 401(k). The fund allows people to pay today’s tax rate on contributions and to withdrawal the money taxfree down the line. Piershale offers insight on whether someone may want to convert and explains that calculating the risk associated with the switch is vital.

 

Financial Planning Magazine (December 2012 Issue)

Donald Korn of Financial Planning magazine quotes Michael (Mike) Piershale, president of Piershale Financial Group, in an article about funding grandparent-owned 529 plans. Piershale discusses challenges that are often faced between the grandchild’s college financial aid package and 529 plans. “There’s a workaround for those situations,” Piershale offers. “The advisor can tell the grandparent to delay distributions from the plan until no earlier than January of the student’s junior year, if it’s possible to wait that long. By then, the student will be done filling out FAFSA, so the income won’t matter,” he says.

 

Kiplinger's Retirement Report (December 2012 Issue)

Rachel Sheedy of Kiplinger’s Retirement Report quote