About Patrick Runyen

As a Wealth Manager at Independence Advisors, Patrick Runyen, CPA/PFS, CFP® works closely with clients to implement wealth management solutions. He leverages his technical financial planning and consulting experience to assist clients with investment counseling, retirement planning, estate planning, wealth enhancement, asset protection, tax planning, and other personally significant financial decisions. CLICK HERE TO ASK PAT.

Author Archive | Patrick Runyen

Acting as a Fiduciary: What Does It Really Mean?

As you may have seen, the Department of Labor has proposed again delaying the implementation of the fiduciary rule, which will require advisors to put clients’ interests ahead of their own when managing retirement accounts.

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Equifax Breach – Steps You Should Take

As you may have seen on the news over the last 24 hours, Equifax – one of the three major credit reporting agencies – had a significant data breach at the beginning of this summer.  If you’ve ever run a credit report in the past, it’s likely your personal information was exposed.  Per reports, the […]

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Over 70 and Charitably Inclined? Don’t Miss This No-Brainer Tax Break!

Key Takeaways A qualifying charitable distribution (QCD) allows you to donate up to $100,000 per year directly to a qualified charity from your IRA and exclude it from income. QCDs can enable you to give to charity and shield some or all of your Required Minimum Distribution (RMD) from taxes. QCDs require your contribution to go directly from […]

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Upcoming Webinar – Independence Advisors presents a Q & A with Dimensional Fund Advisors

This live webinar event will be a question and answer session with Dimensional Fund Advisors (DFA).  DFA is a global investment firm that manages over $500B for investors.  Joining us will be Apollo Lupescu, Vice President and Dave Plecha, Global Head of Fixed Income.  Apollo and Dave will be answering questions on the role fixed […]

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The “Back-Door” Roth Conversion

As many of you know, Roth IRAs are one of the best types of retirement accounts out there. As I’ve covered in previous posts, there are tremendous benefits to participating in a Roth IRA: Tax-free distributions in retirement. Access to your contributions at any time penalty free. No required distributions at age 70 ½. What’s not to […]

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The Future of the Fiduciary Rule

I was recently asked to write a blog post for the Pennsylvanian Institute of Certified Public Accountants (PICPA) on the Fiduciary Rule under the Trump administration.  Below is a copy of the article, I hope you enjoy it. The term “fiduciary” has become a buzzword in the financial news recently. From the traditional financial press to comedians on […]

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Saving For College Webinar – Replay

We recently put on a webinar on the subject of Saving For College, where we discussed the costs of college, the various savings vehicles available, how 529 plans work, and financial aid. Thank you to those that attended, we received some great feedback.  For those who were unable to attend, we have a recorded version […]

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