Mike Piershale on “Mike in a Minute:” Tackling inheritance issues

In our most recent “Mike in the Minute” segment, Mike explains why financial advisers are essential during inheritance cases.

Mike explains the dangers of young heirs receiving a large sum of money and not knowing how to invest it. In the video, Mike suggests heirs hire a qualified financial adviser to help them make responsible financial decisions. For example, heirs benefit from establishing a retirement plan, because these accounts provide specific tax advantages for them.


What would you like to hear Mike explain in under a minute? Leave it in a comment and you might just see it as a segment on our YouTube channel.

Mike Piershale on “Mike in a Minute:” Explaining NUA

In today’s “Mike in a Minute," Mike clarifies what net unrealized appreciation is and discusses the significant tax savings associated with this strategy.

Press play below to hear Mike explains how NUA can serve as a powerful tax shelter when investors pull distributions from company-owned stock:


Find more “Mike in a Minute” segments on his YouTube channel.

Mike Piershale on “Mike in a Minute:” Pre-retiree concerns

Today’s “Mike in a Minute” speaks to those looking to start making retirement plans. In this segment, Mike breaks down some common obstacles that pre-retirees face, such as paying down college tuition debt and other strenuous financial obligations. He explains that with a cash flow analysis, all sources of income are included to determine if the individual can retire at a reasonable age. Here more below:


Be sure to check back to this space for more "Mike in a Minute” segments.

Mike Piershale on “Mike in a Minute:” Financially protecting your spouse after you’re gone

Welcome to “Mike in a Minute!” Today, Mike shares his outlook on how married couples can properly pass down their assets to a surviving spouse without the hassle of unnecessary taxes or expenses. He also weighs in on strategies that will grant surviving spouses financial security.


Tune into Mike’s YouTube channel  for more “Mike in a Minute.”

Mike Piershale on “Mike in a Minute:” Interpreting Roth IRAs

Tune in to this week’s “Mike in a Minute” to hear Mike outline the basics behind a Roth IRA and its significant tax savings. Mike offers important insight on the advantages and disadvantages of the funds associated with Roth IRAs, something that is often confusing.



Find more “Mike in a Minute” segments on his YouTube channel.

Mike Piershale on “Mike in a Minute:” Talking stock market direction

Today Mike tackles the complex topic of market trends for the latest “Mike in a Minute” segment. Mike shares his insight on U.S. stocks and how the Fed has provided more opportunities for investors to consider. He explains the lack of progression in other areas within the market and whether investors should look abroad for investment opportunities.


You can find more “Mike in a Minute” segments on his YouTube channel.

Mike Piershale on “Mike in a Minute:” Mid-year tax planning tips

If you’ve been following our “Mike in a Minute” series, you know that Mike Piershale, President of Piershale Financial Group, is answering common personal finance questions in 60 seconds of less.

Today, he’ll offer insight into an important topic everyone should be educated on: tax planning strategies for individuals that guarantee tax savings before April 2014.

In this segment, Mike recommends individuals place all unused income into a retirement plan instead of bank accounts. He specifically mentions the significant tax advantages in contributing to a 401(k) plan and explains how building this fund teaches financial responsibility.


Tune in next week for more “Mike in a Minute!”

Mike Piershale on “Mike in a Minute:” Estate planning mistakes

In today’s edition of Mike in a Minute,” Mike examines common estate planning mistakes made by married couples.

Listen in to hear Mike elaborate on the disadvantages of having assets go through probate and how the process impacts an heir’s inheritance. He’ll also weigh in on how married couples can avoid unnecessary expenses and advises couples to consider re-titling their assets into a trust for protection.


Find more “Mike in a Minute” segments on our YouTube channel.

Mike Piershale introduces “Mike in a Minute,” a video series answering your questions on personal finance

Mike Piershale, president of Piershale Financial Group, will be featured in his very own Skypecast series, “Mike in a Minute.” The series will address the top questions in personal finance today -- in 60 seconds or less.

In our first segment, Mike offers insight on inherited IRAs and why it serves as a powerful tax shelter for heirs. Weighing in on the differences between inherited IRAs and traditional IRAs, Mike mentions that heirs are forced to take minimum taxable distributions every year with an inherited IRA account. However, he explains that these taxable distributions provide opportunities for heirs to avoid major tax losses.