Ownership by Attribution -

[thepensionmaven]

Son is 100% owner of corp, father over 70 ½ has been taking RMDs since 70 ½.

Father owner by attribution, new broker advising him the father does not need to take RMD because he is not an owner, and he is still working.

I think it would have been in best interests of client for broker to keep his mouth shut before volunteering info to client w/o checking with TPA first?

 

[Peter Gulia]

Has anyone explained to the broker that those who don't play well with others are less likely to get referrals?

[CuseFan]

3 hours ago, Peter Gulia said:

are less likely to get referrals

As are those who don't know what they're talking about.

[thepensionmaven]

Absolutely, I tell my clients all the time, come to me first, I will field your questions.

Thanks for the reassurance.

After a while, one starts to question his own answers.