Clay Reynolds

Clay Reynolds earns his Enrolled Agent designation from the IRS.

Private Mortgage Insurance (PMI) helps lenders reduce risk when borrowers put down less than 20%. Types include BPMI (monthly payments), LPMI (built into interest rates), and Lump-Sum PMI (paid upfront). PMI can be removed once equity reaches 20% or by refinancing. Though PMI opens doors to homeownership, it’s a cost to the borrower that only protects the lender. Saving a full 20% down can help avoid PMI and save money long-term.

I’ve inherited an IRA… now what do I do? Inherited IRAs can seem overwhelming when the time comes to inherit one. It seems...

Home appreciation has many sellers worried about the tax consequences that may come with selling their house. A frequently asked question...

SIMPLE IRAs are often mentioned when talking to clients. They either have one with a previous employer or want to know if they would...

A common question new clients ask is, “How often should we meet with you.” The first step in a financial planning journey is reaching out...

What is rule 72(t)? Rule 72(t) refers to a section of the Internal Revenue Code that gives parameters to follow to make early withdrawals...

Warren Buffet, chairman and CEO of Berkshire Hathaway, has referred to investing as “simple but not easy.”  What makes it so simple is...

What is considered a gift? Before deciding to gift split, understanding what qualifies as a gift is essential. Gifts can include money,...