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
Latest articles by Michael Aloi, CFP®
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Two Reasons to Consider Deferred Compensation after the OBBBDeferred compensation plans let you potentially lower your current taxes and help to keep you out of a higher tax bracket. It's important to consider the risks.
By Michael Aloi, CFP®
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I'm a Financial Planner: Here Are Some Long-Term Care Insurance Tips for Every AgeStrategies include adding riders to life insurance for younger individuals and considering hybrid or traditional long-term care policies for those in their mid-50s and 60s.
By Michael Aloi, CFP®
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Have You Reviewed Your 401(k) Beneficiary Designations Lately?If you've had any life changes — marriage, divorce, a new baby or retirement — you might want to make sure your beneficiaries are in order.
By Michael Aloi, CFP®
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Market Turmoil: What History Tells Us About Current VolatilityThis up-and-down uncertainty is nerve-racking, but a look back at previous downturns shows that the markets are resilient. Here's how to ride out the turmoil.
By Michael Aloi, CFP®
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Why Company Stock May Be Riskier Than Employees RealizeStock compensation has its perks, but employees must be realistic (and unemotional) about their investments' prospects. Sometimes strategic sales are smart.
By Michael Aloi, CFP®
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What Are the Investment Opportunities and Threats in 2025?It's the Year of the Wood Snake, representing growth, introspection, transformation and a need for patience. What could that mean for your finances?
By Michael Aloi, CFP®
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Five Ways to Minimize a Higher Capital Gains Tax RateWith Harris’ proposal to raise the capital gains tax rate (which would require congressional approval), investors might want to consider tax-lowering options.
By Michael Aloi, CFP®
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Got a Hot Rate on a Money Market Account? Think AgainAfter taxes and inflation, the real return you get may not be as good as you think. Here's another approach to consider: fixed deferred annuities.
By Michael Aloi, CFP®
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One Retiree's Story of How She Built Her Retirement Nest EggOne way to build wealth is to max out your company’s retirement plans, but doing it in tax-efficient ways can make an even bigger difference.
By Michael Aloi, CFP®
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Whole Life Insurance: A Multipurpose Financial Planning Toolretirement Here’s how whole life insurance works, along with five key benefits (including savings and tax-efficient inheritance), as well as a few concerns to consider.
By Michael Aloi, CFP®
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2024 Investment Outlook: Three Tips for the New YearWhat should investors do to protect their nest eggs as we head into a presidential election and face continued uncertainty about interest rates?
By Michael Aloi, CFP®
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How to Get the Most Out of Your Pension PlanShould you take a lump-sum payout? Do you think your employer is in danger of going bankrupt? These are only two of the issues to consider.
By Michael Aloi, CFP®
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Four Tips to Help You Conquer the Retirement MountainGetting to retirement is only half the goal. That’s why having a cash cushion, minimizing taxes and more are so important to having a successful retirement.
By Michael Aloi, CFP®
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Three Potentially Costly IRA Mistakes That Are Easy to AvoidAn IRA is a great savings tool, but it does come with some rules that can trip up a lot of people. Find out more here about beneficiaries, after-tax contributions and RMD tables.
By Michael Aloi, CFP®
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Three Tips for Selling Your Business and Getting the Most ValueEmploying an aggressive tax-loss harvesting strategy and making use of trusts can help secure maximum value. And the sooner you start planning, the better.
By Michael Aloi, CFP®
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How Two Tax Laws Make REITs More Tax-FriendlyTaking advantage of the return of capital (ROC) and Tax Cuts and Jobs Act rate reductions can significantly reduce the taxes on REIT distributions.
By Michael Aloi, CFP®
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After the Recent Banking Crisis, What Can You Bank On?Now would be a good time to take stock of how your nest egg may be exposed in a banking crisis. Here are five things you should know about.
By Michael Aloi, CFP®
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Laid Off With a Severance Package? Here’s How to Make a PlanGathering all the relevant information and staying organized is key, as is getting your financial team involved. Here are five financial planning tips to help.
By Michael Aloi, CFP®
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2023 Investment Outlook’s Big Question Focuses on RecessionFundamentals, earnings and diversification are key after a year that left us feeling like we have a bit of a hangover.
By Michael Aloi, CFP®
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Rising Interest Rates Change the Math on Pensions for Some Would-Be RetireesNow 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®
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When Choosing Funds for Your College 529 Plan, Don’t Make This Mistake529 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®
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College 529 Savings Plans: What You Need to Know529 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®
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College 529 Savings Plans: How to Get the Most Out of ThemGo 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®
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How to Plan for an Early Retirementretirement 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®
retirement planning
