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A conversation with Cannon Executive Chairman Phil Buchanan: Part 6 of 9
“You can deduct your annual contribution, withdraw funds at any age to pay medical expenses allowed by the IRS, and you will not be required to pay taxes on the amount you withdraw. This is what makes the Health Savings Account or HSA unique among Federal programs designed to encourage saving,” said Phil Buchanan, Executive Chairman of Cannon Financial Institute.
Probate is a hassle in many states, so trusts give us an alternative, more private manner in which to distribute the assets of a decedent. Here, we will take a chronological walk through of the estate settlement process and the critical elements of state law and document language that need to be addressed. Estates are all controlled by state law yet the fundamental responsibilities are universal.
A conversation with Cannon Executive Chairman Phil Buchanan: Part 5 of 9
When next you see a full moon, use your cell phone to take a photo of this luminescent orb. Then reflect on this for a moment: forty-seven years ago, the Lunar Module of Apollo 11 descended sixty miles through space and landed on the surface of that foreboding place. Neil Armstrong climbed out, and became the first human being to step foot on the Moon. The computer that guided and controlled this descent weighed seventy pounds and measured one cubic foot.
A conversation with Larry Divers, Executive Vice-President and senior retirement expert, Cannon Financial Institute
We sat Larry Divers down a few days ago, allowed him to drink three large cups of coffee, then asked him the most pressing question of the moment in our industry. Has President Trump repealed the DOL Fiduciary Rule?
A multi-part conversation with Cannon Executive Chairman Phil Buchanan
“I recently went away for two days and was jabbed with needles, poked, prodded, banged on with rubber mallets and thumped on the head,” Cannon Executive Chairman Phil Buchanan recently told me. “Mysterious people wearing masks grabbed hold of my arms and slid me into an ominous looking machine, then warned, ‘do not move!’ Others, hopefully associated with this group, kept taking blood from me.”