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Michael Aloi, CFP

CFP, Summit Financial Resources Inc.

E-mail: maloi@sfr1.com
www.michaelaloi.com
LinkedIn: www.linkedin.com/in/michaelaloi/

With 17 years of experience in the financial services industry, Mike Aloi specializes in working with executives, professionals and retirees. Since he joined the Summit Financial Resources Inc. team, Aloi 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.

Latest Features

Building Wealth
August 2018

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.

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Building Wealth
June 2018

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.

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Building Wealth
June 2018

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, there are ways to get in the game.

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Building Wealth
May 2018

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?

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Building Wealth
April 2018

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.

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Building Wealth
March 2018

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 that, including one that goes against conventional wisdom.

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Building Wealth
November 2017

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 that of your heirs.

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Building Wealth
November 2017

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 come with some tax benefits.

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Building Wealth
September 2017

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.

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