About Patrick Melvin Jr.

Patrick D. Melvin Jr., is a Wealth Manager at Independence Advisors, LLC. Pat models client’s financial plans and works with the firm’s clients on financial planning areas such as retirement planning, investment planning and estate planning. CLICK HERE TO ASK PAT.

Author Archive | Patrick Melvin Jr.

Life Insurance Awareness Month – A Few Quick Tips

We are going to touch on a few high-level issues common with many life insurance policies that are important to keep in mind on an annual basis.

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Estate Planning Checklist

As we get closer to the 4th quarter of 2017, it is a great time to start thinking about updating our estate plans. A carefully crafted estate plan can be one of the greatest gifts you can give to your loved ones.

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Airbnb and Tax-Free Income: What You Need to Know

The rising popularity of online home-sharing sites such as Airbnb, Homeaway and FlipKey have made vacations and other out-of-town trips more affordable than ever for travelers. If your hometown is hosting a major concert, national event or sporting event like the NFL Draft’s recent stop in Philadelphia, owners can rent out their residences at attractive […]

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401(k) Loans: What You Need To Know

Employer-sponsored retirement plans, specifically 401(k)s, are easy and efficient tools for helping employees save for their golden years. However, if you’re an employee and you need to tap some cash now, it’s tempting to ask yourself: “How can I access this money?” The short answer: It’s fairly easy to do so, but there some important […]

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Discipline & Focus On the Golf Course and Off

In golf, the majority of the time, the right decision is the most boring one. For instance, chipping out to the fairway and putting yourself in a position to make par is the right play. Over the course of a round, this strategy will help you card a better score than going for “broke”.  Executing […]

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Penalty Free Retirement Withdrawals Prior to Age 59.5? Let’s talk about “Rule 55″

It has been well documented that the earliest age to begin taking withdrawals from retirement accounts is age 59 ½.  This is the age you are now eligible to withdraw money from your IRA, 401(k), 403(b) or other qualified plans without incurring an early withdrawal penalty. Note: You may still have to pay taxes on […]

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Top 5 Blog Posts of 2016

Looking back at the past year, our blog subjects had a wide range of topics.  From investments to taxes and other financial topics, we hope you enjoy our writings – because in the end, the purpose of our blog is to leave you, the readers, more informed. Below you will find our Top 5 blog […]

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