Stephen M Molesky & Associates Inc

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Investment Advisory Service, Annuities & Retirement Insurance Plans, Financial Planners

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Today: 8:30 am - 5:00 pm

28 Years

in Business

Accredited

Business

(410) 992-4500Visit WebsiteMap & Directions5026 Dorsey Hall Dr Ste 105Ellicott City, MD 21042 Write a Review

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Regular Hours

Mon - Fri:	8:30 am - 5:00 pm

Places Near Ellicott City with Investment Advisory Service

Columbia (0 miles)
Catonsville (10 miles)
Clarksville (10 miles)
Elkridge (11 miles)
Hanover (11 miles)
Jessup (12 miles)
Windsor Mill (12 miles)
Fulton (13 miles)
Halethorpe (13 miles)
Randallstown (14 miles)

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Email

BBB Rating

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Phone: (410) 992-4135

Fax: (410) 992-4135

Payment method

cash, debit, visa

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Stephen M Molesky & Assoc Inc

Other Links

http://www.smma1.com

https://www.smma1.com

Categories

Investment Advisory Service, Annuities & Retirement Insurance Plans, Financial Planners, Financial Planning Consultants, Financial Services, Investment Management, Investments, Mutual Funds, Retirement Planning Services, Stock & Bond Brokers

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Phone: (410) 992-4500

Address: 5026 Dorsey Hall Dr Ste 105, Ellicott City, MD 21042

Website: http://www.smma1.com

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Stephen M Molesky & Associates Inc

Tax Planning
Estate Taxes
Tax Services
Roth IRA
A qualified retirement plan in which earnings grow tax deferred and distributions are tax free. Contributions to a Roth IRA are generally not deductible for tax purposes, and there are income and contribution limits. Roth IRA contributions cannot be made by taxpayers with high incomes. To qualify for the tax-free and penalty-free withdrawal of earnings, Roth IRA distributions must meet a five-year holding requirement and occur after age 59½. Tax-free and penalty-free withdrawal also can be taken under certain other circumstances, such as after the owner’s death. The original Roth IRA owner is not required to take minimum annual withdrawals.
Tax Deductions
An amount that can be subtracted from a taxpayer’s income before taxes are calculated. Taxpayers may use the standard deduction or may itemize deductions if allowable itemized deductions exceed the standard deduction.
Income Tax
Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you.
Capital Gains Taxes

Investment Management
Annuities have contract limitations, fees, and charges, including account and administrative fees, underlying investment management fees, mortality and expense fees, and charges for optional benefits. Most annuities have surrender fees that are usually highest if you take out the money in the initial years of the annuity contact. Withdrawals and income payments are taxed as ordinary income. If a withdrawal is made prior to age 59½, a 10% federal income tax penalty may apply (unless an exception applies). The guarantees of an annuity contract depend on the issuing company’s claims-paying ability. Annuities are not guaranteed by the FDIC or any other government agency. The earnings component of an annuity withdrawal is taxed as ordinary income and, if taken before age 59½, may be subject to a 10% federal income tax penalty. Annuities have fees and charges associated with the contract, and a surrender charge also may apply if the contract owner elects to give up the annuity before certain time-period conditions are satisfied.
Mutual Funds
Guarantees based on the insurance company’s ability to pay and early withdrawal may cause a loss of principal due to withdrawal charges. Purchasers may experience fees and expenses, included withdrawal charges, market value adjustments, rider premiums, etc. which will affect contract values. Interest credits are based on a formula that takes into account the performance of an index. Purchasers are not investing in the index and will not experience the same returns as the index or a related index mutual fund. Purchasers will participate in only a stated percentage of an increase in an index, as the annuity imposes a “cap rate.”
Bonds
Wealth Management
JORDAN WILSON assists clients in the areas of retirement planning, estate planning, Social Security benefits, and wealth management. Jordan takes pride in identifying a variety of planning options and opportunities followed by clear... Read more
Money Market Funds
Assets that are most easily converted into cash and which have a very low risk of price fluctuation. For example, money market funds may be considered a cash alternative. Money held in money market funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Money market funds seek to preserve the value of your investment at $1.00 a share. However, it is possible to lose money by investing in a money market fund.

Accounting Services

Financial Planning
Our proven approach to financial planning is what delivers above and beyond the expectations of our clients. The process starts with...
Retirement Planning
A one-time payment of the entire amount held in an employer-sponsored retirement, pension plan, annuity, or similar account, rather than breaking payments into smaller installments.
Annuities
However, many people want to avoid the risk of losing their money in the stock market. An increasingly popular alternative is the equity-indexed annuity (EIA). For those seeking some of the growth potential of stocks, guaranteed principal, and a long-term outlook, EIAs have a lot to offer. Like more traditional fixed annuities, the principal is guaranteed by an insurance company, but unlike other types of annuities, the earnings are linked, in part, to a specific stock index such as the S&P 500. The interest you earn is usually a percentage of the index’s performance. When the market index rises, you participate in the gain up to a certain amount dictated by each policy, but when the market index declines, you don’t lose any of your principal in most of the products. Generally, you can withdraw your earnings regularly or leave them in the annuity and let them grow tax deferred until needed; however you should read the policy carefully because there may be significant surrender charges associated with EIAs and that surrender period may be up to 10 years. The earnings are not taxable until you actually withdraw them.
Long Term Care
2. Endowment contracts and qualified long-term care contracts also may be eligible for a 1035 exchange. A tax professional should be consulted before considering an exchange.
Asset Management
A method of allocating funds to pursue the highest potential return at a specific level of risk. Asset allocation normally uses sophisticated mathematical analysis of the historical performance of asset classes to attempt to project future risk and return. Asset allocation is an approach to help manage investment risk. It does not guarantee against investment loss.
Living Trusts
A trust is a legal arrangement that creates a separate entity which can own property and is managed for the benefit of a beneficiary. A living trust is created while its grantor is still alive. A testamentary trust is created upon the grantor’s death—usually by another trust or by a will. Using a trust involves a complex set of tax rules and regulations. Before moving forward with a trust, consider working with a professional who is familiar with the rules and regulations.
Charitable Remainder Trusts
A trust established for the benefit of a charitable organization under which the grantor can designate an income beneficiary to receive payment of a specified amount—at least annually—from the trust. The grantor may also be the income beneficiary. On the death of the grantor, remainder interest in the trust passes to the charitable organization. Using a trust involves a complex set of tax rules and regulations. Before moving forward with a trust, consider working with a professional who is familiar with the rules and regulations.
Charitable Lead Trusts
A trust established for the benefit of a charitable organization under which the charitable organization receives payment of a specified amount (at least annually) from the trust. On the death of the grantor, remainder interest in the trust passes to his or her heirs. Using a trust involves a complex set of tax rules and regulations. Before moving forward with a trust, consider working with a professional who is familiar with the rules and regulations.

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