Michael Aloi, CFP®
With 17 years of experience in the financial services industry, Michael Aloi specializes in working with executives, professionals and retirees. Since he joined Summit Financial, LLC, Michael has built a process that emphasizes the integration of various facets of financial planning. Supported by a team of in-house estate and income tax specialists, Michael offers his clients coordinated solutions to scattered problems. Outside of work, he enjoys spending time with his wife and three children.
E-mail: maloi@sfr1.com | Website: www.michaelaloi.com (opens in new tab) | LinkedIn: www.linkedin.com/in/michaelaloi/ (opens in new tab)
Latest articles by Michael Aloi, CFP®
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Rising Interest Rates Change the Math on Pensions for Some Would-Be Retirees
Now is a good time to think about when and if to take a lump sum on your pension and what to do with it. Let’s explore the pros and cons.
By Michael Aloi, CFP® • Published
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When Choosing Funds for Your College 529 Plan, Don’t Make This Mistake
529 Plans Age-based funds make sense for some retirement savers, but they rarely make sense for college savers, in my opinion. Here’s why.
By Michael Aloi, CFP® • Last updated
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College 529 Savings Plans: What You Need to Know
529 Plans Do you know how much you’re able to contribute or what the funds could be used to pay for? Check out the nitty-gritty details of this formidable college savings tool.
By Michael Aloi, CFP® • Published
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College 529 Savings Plans: How to Get the Most Out of Them
Go to the head of the class with one adviser’s tips, such as how to choose the plan that works best for you and when to get started.
By Michael Aloi, CFP® • Last updated
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3 IRA Mistakes That Are Potentially Costly, Yet Simple to Avoid
IRAs are great savings tools, but they do come with some rules that trip up a lot of people. If you don’t want to stumble, read this.
By Michael Aloi, CFP® • Published
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How to Plan for an Early Retirement
retirement planning Hint: It’s a little different than the usual retirement planning. When you want to retire early, there are a few extra considerations you need to think through.
By Michael Aloi, CFP® • Last updated
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Got Company Stock in Your 401(k)? You Should Know about NUD.
401(k)s You may have heard about the tax strategy called Net Unrealized Appreciation, but there’s another lesser-known strategy that could be especially useful right now: Net Unrealized Depreciation.
By Michael Aloi, CFP® • Published
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3 Investment Ideas for Retirees Right Now
investing Wondering what to do with your retirement nest egg? These three portfolio moves may be worth taking a look.
By Michael Aloi, CFP® • Published
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3 Reasons I Like Municipal Bonds
bonds The time could be right to consider adding some munis to your portfolio. Here’s why.
By Michael Aloi, CFP® • Published