What to do with your money amid the COVID-19 pandemic

The current economic climate offers some financial opportunities that can help you grow wealth for generations to come.

• This can be a great time for Roth IRA conversions, especially for intragenerational family wealth transfer strategies.

• The low interest rate environment has created an opportunity to refinance existing long-term debt or intra-family loans, potentially increasing the principal amount of an intra-family loan for a greater family generational wealth transfer opportunity at these suppressed values.

• Executives with non-qualified stock options should strongly consider executing those options today to reduce future tax bills.

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– Mike Krol, Waldron Private Wealth