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Michael Aloi, CFP®
CFP®, Summit Financial, LLC

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, Aloi 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.comwww.michaelaloi.com LinkedIn: www.linkedin.com/in/michaelaloi/

Checklist: Steps to Take after Your Spouse Dies
retirement

Checklist: Steps to Take after Your Spouse Dies

Feeling overwhelmed? A checklist can help you figure out where to start and tasks you may be able to put off.
August 27, 2020
Whole Life Insurance … Love It or Leave It?
life insurance

Whole Life Insurance … Love It or Leave It?

Low interest rates can be bad news for these types of policies. Here are 3 reasons why now is a good time to review your policy with an in-force illus…
July 27, 2020
Do-It-Yourself Index Funds: A Smarter Way to Own the Index?
investing

Do-It-Yourself Index Funds: A Smarter Way to Own the Index?

Index funds are easy, but when you buy them you are giving up your chance to take an important tax break. So, if you're willing to roll up your sleeve…
June 12, 2020
Whole Life Insurance: It's a Swiss Army Knife for Financial Planning
retirement

Whole Life Insurance: It's a Swiss Army Knife for Financial Planning

How does whole life insurance work? What are some of its pros and cons? And could it be right for you?
May 1, 2020
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5 Bear Market Lessons Learned from 20 Years as a Financial Adviser
retirement

5 Bear Market Lessons Learned from 20 Years as a Financial Adviser

When stock markets are tanking, jumping, shaking and diving, here's what works for investors and retirement savers, and what doesn't.
April 15, 2020
Stay the Course, Stay the Course, Stay the Course
investing

Stay the Course, Stay the Course, Stay the Course

Investors are being tested by the stock markets: Can they stay the course? Should they? Take a look at a few charts of market performance over the lon…
March 16, 2020
3 Ways to Claim a Life Insurance Benefit: Which Is Right for You?
insurance

3 Ways to Claim a Life Insurance Benefit: Which Is Right for You?

When you are due a life insurance death benefit, a lump sum payment isn't your only option. There are typically three main ways to take your benefit, …
February 11, 2020
How to Make Investing More Meaningful
investing

How to Make Investing More Meaningful

Saving and investing may seem mundane to some, but there are ways to make it more fulfilling. Here are three strategies to do good things with your mo…
January 14, 2020
A Widow's Broker Made a Huge Mistake
retirement

A Widow's Broker Made a Huge Mistake

A step-up in basis can be a massive tax benefit for surviving spouses, but only if it's managed correctly. And sometimes, as in this case, important d…
December 24, 2019
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Should a Widow Pay Off Her Mortgage?
real estate

Should a Widow Pay Off Her Mortgage?

For some people who lose their spouse, it could make perfect sense. For others, not so much. Here's how to judge what could be a prudent approach in t…
September 5, 2019
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3 Ways to Benefit from a Roth IRA Under New Tax Law, Including a ‘Mega Backdoor Roth’
IRAs

3 Ways to Benefit from a Roth IRA Under New Tax Law, Including a ‘Mega Backdoor Roth’

The tax benefits to Roth IRAs have always been enticing, but now they're even more attractive. Even if you think you make too much to take advantage, …
April 26, 2019
A Financial Planner's Guide to Open Enrollment
insurance

A Financial Planner's Guide to Open Enrollment

As you read up on your health insurance, life insurance and other options for 2019, here are five tips to help get the most out of your workplace bene…
October 3, 2018
Back to School: What You Need to Know about College 529 Savings Plans
college

Back to School: What You Need to Know about College 529 Savings Plans

Do you know how much you’re able to contribute or what the funds could be used to pay for? How about how contributing affects your taxes? Check out th…
August 21, 2018
Why I Love My Whole Life Insurance Policy
life insurance

Why I Love My Whole Life Insurance Policy

While they may not be for everyone, I feel like buying a whole life policy was one of the best financial planning decisions I ever made.
August 2, 2018
3 World Cup-Inspired Investment Tips
investing

3 World Cup-Inspired Investment Tips

Investors can take some cues from soccer's biggest event, because managing money and playing professional soccer use some strikingly similar skills.
June 19, 2018
What to Do with an Old Life Insurance Policy
insurance

What to Do with an Old Life Insurance Policy

Is that life insurance policy you bought decades ago still serving a good purpose once you retire, or could you be doing something better with it?
May 17, 2018
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One Way to Create Income for Life and a Guaranteed Inheritance for Your Kids
retirement

One Way to Create Income for Life and a Guaranteed Inheritance for Your Kids

Here's how I helped my client take the RMDs he didn't need and turn them into peace of mind for his children's future.
April 24, 2018
The Biggest Risk Retirees Face Right Now
retirement

The Biggest Risk Retirees Face Right Now

Those nearing retirement and those who have recently become retirees need to plan now for the possibility of a bear market. Here are two ways to do th…
March 23, 2018
3 Tax-Planning Ideas to Help Take the Bite Out of RMDs
retirement

3 Tax-Planning Ideas to Help Take the Bite Out of RMDs

Required minimum distributions can be the bane of many IRA owners' existence. But there are a few creative ways to reduce your income tax burden, or t…
November 22, 2017
Gifting a Life Insurance Policy to a Charity
taxes

Gifting a Life Insurance Policy to a Charity

One often-overlooked way to magnify your magnanimous charitable donation is to consider gifting an unneeded life insurance policy. Your gift can also …
November 15, 2017
When You Lose a Loved One Who Handles All the Money
retirement

When You Lose a Loved One Who Handles All the Money

It's not uncommon for one person in a couple to take the lead in finances, but that can cause big problems later on.
September 21, 2017
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