Financial News and Updates Articles by Charles W. Rawl

Five Banks Paid $1.6 Billion Settlement in Stanford Financial Fraud Case

Five banks have settled litigation against them brought by investors in the Stanford Financial Group. All five banks avoided facing a jury in the trial, which was set to start on February 27, 2023. Two settled in the weeks or months prior to trial. Three settled “on the courthouse steps” the day the trial was scheduled to begin. A total of $1.6 billion was agreed to be paid by the group of five banks. Toronto-Dominion Bank, HSBC Bank PLC, and Independent Bank f/k/a Bank of Houston reached settlements on [...]

By cwrawl|March 1, 2023|Categories: News|Tags: Stanford Financial, Whistleblower|

ROTH-O-MANIA!

As a member of Ed Slott’s Master Elite IRA Advisor Group, Mr. Rawl has direct access to Ed and his team of IRA experts. Ed Slott and Company is a valuable resource for knowing the facts and applying that to artful IRA planning. By Sarah Brenner, JD IRA Analyst SECURE 2.0 is now the law of the land and one thing is very clear. Roth-O-Mania is here! In their quest for more revenue, Congress has created more options to save with Roth accounts. These accounts bring in [...]

By cwrawl|January 23, 2023|Categories: Articles, Smart Investing, The Slott Report|Tags: IRAs, Retirement Planning, Roth IRA|

Happy Holidays! Congress Gifts SECURE 2.0

As a member of Ed Slott’s Master Elite IRA Advisor Group, Mr. Rawl has direct access to Ed and his team of IRA experts. Ed Slott and Company is a valuable resource for knowing the facts and applying that to artful IRA planning. By Sarah Brenner, JD Director of Retirement Education This holiday season Congress has given us SECURE 2.0. With no time to spare to avoid a government shutdown, they passed the $1.7 trillion Consolidated Appropriations Act of 2023 and sent it off the President for [...]

By cwrawl|December 28, 2022|Categories: Articles, The Slott Report|Tags: IRAs, RMDs, Taxes|

Charles W. Rawl Named NESA Outstanding Eagle Scout in Sam Houston Area Council BSA

The National Eagle Scout Association (NESA) and the Sam Houston Area Council honored six local professionals and business executives with the NESA Outstanding Eagle Scout Award at a luncheon held at the Petroleum Club in Houston on November 18, 2022. Emcee for the event was David Hitner, U.S. federal judge, and the keynote address was delivered by Frank Tsuru, president of the National Eagle Scout Association of the Boy Scouts of America (BSA). The NESA Outstanding Eagle Scout Award (NOESA) was established in 2010, during the 100th anniversary celebration of [...]

By cwrawl|November 18, 2022|Categories: News|Tags: Eagle Scout, NESA|

Tax-Savvy Charitable Giving With QCDs Can Benefit Both Giver and Receiver

A qualified charitable distribution, or QCD, might be the answer for you – but watch those rules. Plenty of retirees like to give back to their communities through charitable donations, but questions often arise over the best way to do that. What approach is efficient, provides the tax benefits you’re after, and also is advantageous for the charity that’s on the receiving end? One possibility is a qualified charitable distribution (QCD), a tax-savvy way to reduce your taxable income and maximize your donations, whether you itemize deductions on your [...]

By cwrawl|October 12, 2022|Categories: Articles, Smart Investing|Tags: As seen in Kiplinger, IRAs, QCDs, Taxes|

Internal Revenue Service Waives 50% Penalty for Missed 2021 and 2022 RMDs within the 10-Year Period

As a member of Ed Slott’s Master Elite IRA Advisor Group, Mr. Rawl has direct access to Ed and his team of IRA experts. Ed Slott and Company is a valuable resource for knowing the facts and applying that to artful IRA planning. By Ian Berger, JD IRA Analyst Last Friday (October 7, 2022), the IRS waived the 50% penalty on missed 2021 and 2022 inherited retirement account RMDs for beneficiaries subject to the SECURE Act 10-year payout period. The guidance was in IRS Notice 2022-53. The [...]

By cwrawl|October 10, 2022|Categories: Articles, The Slott Report|Tags: IRAs, IRS, RMDs|

Navigating Qualified Charitable Distributions in 5 Easy Steps

What is a qualified charitable distribution (QCD)? A QCD is a distribution from an IRA that goes directly to a qualifying charity and is not included in the taxable income of the IRA owner. A QCD cannot be made from an employer plan. A QCD can be up to $100,000 a year, per individual. 1. Either an IRA owner or a beneficiary can do a QCD. The individual must be at least age 70½ at the time of the transaction. Reaching age [...]

By cwrawl|August 31, 2022|Categories: Articles, The Slott Report|Tags: Life Insurance, QCDs, Taxes|

Q&A Inherited IRAs

The SECURE Act changed some of the rules for inherited IRAs. It is important to understand these rules so that you can be Tax Savvy and Income Maximized in retirement. As a member of Ed Slott’s Master Elite IRA Advisor Group, Mr. Rawl has direct access to Ed and his team of IRA experts. Ed Slott and Company is a valuable resource for knowing the facts and applying that to artful IRA planning. By Andy Ives, CFP®, AIF® IRA Analyst Each week, the Ed Slott team answers [...]

By cwrawl|August 3, 2022|Categories: Articles, Life Insurance|Tags: IRAs, QCDs, RMDs|

RMD Aggregation and Age Requirements of Roth and Traditional IRA Accounts

As a member of Ed Slott’s Master Elite IRA Advisor Group, Mr. Rawl has direct access to Ed and his team of IRA experts. Ed Slott and Company is a valuable resource for knowing the facts and applying that to artful IRA planning. By Sarah Brenner, JD Director of Retirement Education Question: Can an RMD from an inherited IRA be taken out of your own traditional IRA? Jack Answer: Hi Jack, Aggregation of required minimum distributions (RMDs) can be complicated and we get a lot of questions [...]

By cwrawl|July 28, 2022|Categories: Articles, Life Insurance|Tags: IRAs, RMDs|

Your Will Is the First Step Toward Defining Your Legacy

Popular Misconception About a Last Will & Testament A popular misconception about having a Last Will & Testament is that you need to own wealth or be of a certain age before it matters. Everyone needs a will, no matter how young or how limited your assets. Developing a Wonderfully Rich Retirement® and defining your legacy begins with a first step. This article on the Well + Good website is a good read for everyone, especially young adults. The author lays out four key reasons everyone needs a will: [...]

By cwrawl|May 6, 2022|Categories: Articles|Tags: Legacy|

Charlie Rawl is keenly focused on helping his clients work toward their retirement dreams through a comprehensive financial strategy. He has distinguished himself throughout his career as a troubleshooter and problem-solver, designing and implementing creative solutions to often-complex challenges.

He has three decades of experience in financial services, encompassing commercial banking, insurance and investment management. This diverse experience gives him an invaluable perspective in conducting detailed analyses and creating state-of-the-art wealth management and retirement income solutions.