Michael Aloi, CFP®

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, 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 | LinkedIn: www.linkedin.com/in/michaelaloi/

Got Company Stock in Your 401(k)? You Should Know about NUD.
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401(k)s

Got Company Stock in Your 401(k)? You Should Know about NUD.

You may have heard about the tax strategy called Net Unrealized Appreciation, but there’s another lesser-known strategy that could be especially usefu…
June 9, 2022
3 Investment Ideas for Retirees Right Now
A smiling woman draws a lightbulb on a window.
investing

3 Investment Ideas for Retirees Right Now

Wondering what to do with your retirement nest egg? These three portfolio moves may be worth taking a look.
May 12, 2022
3 Reasons I Like Municipal Bonds
A woman looks at a clock.
bonds

3 Reasons I Like Municipal Bonds

The time could be right to consider adding some munis to your portfolio. Here’s why.
May 2, 2022
Everyone Is Talking about Roth IRA Conversions – Here’s Why
Five people hold up colorful cutout speech bubbles nest to their mouths.
Roth IRA Conversions

Everyone Is Talking about Roth IRA Conversions – Here’s Why

Two reasons to consider a Roth conversion now, plus some traps to avoid.
April 4, 2022
Will It Be March Madness in the Stock Market?
Two basketball players face off under the rim.
investing

Will It Be March Madness in the Stock Market?

Markets have been crazy. For perspectives about what may be next, turn to … basketball. Believe it or not, college basketball’s championship tournamen…
March 12, 2022
Using a Fixed Annuity for Fixed Income
A person takes shelter under a colorful umbrella.
annuities

Using a Fixed Annuity for Fixed Income

Fixed annuities provide principal stability, competitive interest rates and tax-deferral. Here’s a look at how a fixed deferred annuity works, includi…
February 18, 2022
How to Use a Put Option Overlay to Minimize Market Risk
A life preserver is held up against the ocean horizon.
investing

How to Use a Put Option Overlay to Minimize Market Risk

Stock market volatility is back, and some investors are on edge. While they’re not for everyone, put options could help protect stock gains from a str…
February 4, 2022
4 Tips on How to Build a Better Bond Position
A stack of wooden blocks with dollar signs on them.
bonds

4 Tips on How to Build a Better Bond Position

In a world where stock markets keep setting records, bonds look quite dull in comparison. But don’t give up on them! Polish up your bond portfolio usi…
January 12, 2022
Should You Take Pension Payments or a Lump Sum? A How-To Guide
A woman with gray hair smiles as she talks on the phone.
retirement planning

Should You Take Pension Payments or a Lump Sum? A How-To Guide

With buyout offers, when deciding whether to take it or leave it, a couple of calculations can be enlightening. This how-to guide walks you through th…
December 8, 2021
The Case Against Owning All Dividend-Paying Stocks in Retirement
Older man sitting at a desk going through books
investing

The Case Against Owning All Dividend-Paying Stocks in Retirement

Income investors are often all about dividends, but that may not be a smart strategy for retirees. Here’s why, and what investment model they should c…
November 8, 2021
10 Ways to Increase Your After-Tax Investment Returns
A hand throws a paper airplane made out of money.
investing

10 Ways to Increase Your After-Tax Investment Returns

Your investments could be doing great, but if you’re not minimizing your taxes on them, you’re throwing money out the window. Here are 10 tax-smart wa…
November 8, 2021
3 Smart Places to Save Now
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Tax Breaks

3 Smart Places to Save Now

Boomers planning on retiring in the next several years should consider these three tax-smart moves now. They can help you cut the taxes you’ll pay on …
September 23, 2021
Social Security ... What I Like About It (and What I Don’t)
A man holds up a green plus sign and a red minus sign.
social security

Social Security ... What I Like About It (and What I Don’t)

A financial adviser shares some pros and cons about Social Security, the linchpin for most people’s retirement plans. Do you agree, and what does it m…
August 14, 2021
IRA Tax Planning: Minimizing the RMD Ticking Time Bomb
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required minimum distributions (RMDs)

IRA Tax Planning: Minimizing the RMD Ticking Time Bomb

Couples with a bit of an age difference have an interesting strategy available to them to reduce taxes on their retirement savings due to required min…
July 14, 2021
A Woman’s Guide to Long-Term Care
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Long-Term Care Insurance

A Woman’s Guide to Long-Term Care

Who needs long-term care insurance … and who might be able to do without it?
July 11, 2021
How to Pre-Fund a Legacy So You Can Enjoy Your Retirement Guilt-Free
A little girl with a piggy bank under her arm holds her dad's hand.
inheritance

How to Pre-Fund a Legacy So You Can Enjoy Your Retirement Guilt-Free

If you want to ensure your kids will get the inheritance you had in mind for them — and you want to be able to spend the rest of your money on yoursel…
June 22, 2021
Taxes, Taxes and More Taxes
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tax planning

Taxes, Taxes and More Taxes

In light of the recent proposals by President Biden and Sens. Bernie Sanders and Chris Van Hollen, here’s what could be coming and some ideas on how t…
May 4, 2021
What You Need to Know about College 529 Savings Plans
A group of college students walk on campus.
529 Plans

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…
April 14, 2021
How to Take a Pension: A Math Formula Drives 1 Retiree’s Choice
A woman stands in front of a chalkboard with a math formula on it.
retirement planning

How to Take a Pension: A Math Formula Drives 1 Retiree’s Choice

Ever hear of the pension income ratio? This mathematical formula can help you decide whether it makes more sense to take a lump sum or a series of pen…
April 2, 2021
When Choosing Funds for Your College 529 Plan, Don’t Make This Mistake
A kid with a confused look on his face.
529 Plans

When Choosing Funds for Your College 529 Plan, Don’t Make This Mistake

Age-based funds make sense for some retirement savers, but they rarely make sense for college savers, in my opinion. Here’s why. This article is part …
March 13, 2021
Want More Tax-Free Retirement Income? One Man’s Whole Life Decision
A man rests his chin on his hand and looks up as he makes a decision.
life insurance

Want More Tax-Free Retirement Income? One Man’s Whole Life Decision

Whole life insurance might not be something that’s on your retirement planning radar, but for this client, here’s how it served his need to control ta…
February 23, 2021
4 Ways to Dilute a Concentrated Stock Risk
Rocks balance on a teeter-totter, with one end higher than the other.
investing

4 Ways to Dilute a Concentrated Stock Risk

For investors, it’s possible to have too much of a good thing, and it can be disastrous to have too much of a bad thing. Is your portfolio overweighte…
February 4, 2021
3 Bargain Stocks for 2021
Sale signs adorn store shelves.
investing

3 Bargain Stocks for 2021

Finding bargains in the stock market is never easy. But here are three stocks that got beaten up last year and I like for 2021.
January 5, 2021
3 Investment Tips for 2021: Trends to Watch and Moves to Make
Photo of percentage signs
investing

3 Investment Tips for 2021: Trends to Watch and Moves to Make

Opportunistic investors should keep an eye out for movement in these key sectors, and everyone will want to make a couple tried-and-true moves to shor…
December 20, 2020
Debt After Death: What You Should Know
debt

Debt After Death: What You Should Know

Some types of debts are forgiven when you die, and others could haunt your family until they’re paid off.
November 2, 2020
Caught in the Middle: How Young Parents Can Plan for Long-term Care
A mother and daughter drink coffee at home
Long-Term Care Insurance

Caught in the Middle: How Young Parents Can Plan for Long-term Care

One family’s story shows how important long-term care plans are … and how whole life insurance with a long-term care rider can help.
October 29, 2020
Boost Your Retirement Income in 3 Steps
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personal finance

Boost Your Retirement Income in 3 Steps

Low interest rates are a big challenge for retirees today. To help cope, try these three strategies.
October 9, 2020