Marsh Wealth Management


Don’t Let the New SECURE Act Rules Take 40% of Your IRA

By Yvonne Marsh, CFP®, CPA

A gentleman in his late 60s came to see me recently and told me that his beloved father had left him an IRA worth just over $1 million.  He told me how he had already filled out the forms to withdraw the money and use it to pay off his house, take a trip, and give some money to his own kids and grandkids.  And then he wanted help investing the rest of the money for his own retirement.  I asked him a question that caught him by surprise: “Did you budget for the $400,000 in taxes you just triggered by taking a lump sum withdrawal of the entire account?”  Sadly, he had not realized that the IRA withdrawal was taxable income.  I had to tell him that the IRS doesn’t allow us to “un-ring” the bell, put the money back, and draw it out more slowly instead.  There are no do-overs with inherited IRAs.

I can see the potential for new tax mishaps under the SECURE Act that was enacted in 2019, which now requires beneficiaries to empty the inherited IRA account by the end of 10th year following the year of death.  Within that 10-year period, there is total flexibility – withdraw it all or withdraw none.  I fear that the years might blur and heirs inadvertently lose track of how long it’s been and accidentally miss the deadline.  Because if they empty the account on the first day of the 11th year, there is a 50% penalty on the late withdrawal PLUS income tax owed.  A $1 million IRA would have a $500,000 penalty and a $400,000 income tax bill, leaving the heirs with $100,000.  Crazy, isn’t it?

On the plus side, the 10-year period is a great tax planning opportunity, allowing an heir to take large distributions in some years and none in others, using the flexibility allowed within that time period to their advantage, minimizing the amount of tax ultimately paid.

The SECURE Act has raised the urgency of tax planning and ongoing advice. First, IRA account owners need their named beneficiary designations set up correctly to give heirs the option of the 10-year window, and second, the heirs need professional ongoing advice to minimize their tax bill and avoid needless penalties.  Navigating the nuances of inherited IRAs is not for the faint of heart – and there are no do-overs.

As part of our wealth management services, we help our clients successfully navigate these intricate IRA rules.  Our clients don’t spend their free time reading the complex tax code, because we do it for them! Peace of mind is priceless.  Join us for a 30 minute Zoom webinar on Wednesday, September 16, at 10:30 am to learn more about how you can protect yourself from unintentional mistakes and use the SECURE Act IRA requirements to your advantage.  Email bethany@marshpros.com and she’ll send you the link to register.

Marsh Wealth Management, LLC

Fiduciary Registered Investment Advisor

504 Ebenezer Road

Knoxville, TN 37923

865.622.2162

www.marshwealth.com

Financial Planning & Investment Advisory Services are offered through Marsh Wealth Management, LLC (“MWM”), an independent investment advisor registered with the state of Tennessee. Yvonne Marsh is an Investment Advisor Representative of MWM in the state of Tennessee. Marsh Professional Group, LLC is a TN registered public accounting firm and a separate legal entity from MWM. For a detailed discussion of MWM and their investment advisory fees, see the firm’s Form ADV on file with the SEC at www.adviserinfo.sec.gov.

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Aqua Clear Water Systems


Leaking copper pipe with jets of water under pressure

Do You Have Pinhole Leaks? It Might Be Your Water…

By David Brewster, Owner of Aqua Clear Water Systems, LLC

I have heard pinhole leaks are a huge pain. Not from personal experience, but from the clients I have worked with. Stories of massive floods, ripping out drywall, hidden mold growing behind the wall, and 10k-20k re-plumbing jobs having to be done. And the sad part is most people think it’s just their old plumbing, and there is no alternative but to invest in totally gutting the plumbing. Luckily, we have saved many clients from turning their home into a job site by fixing the water that travels through those old pipes.

Chlorine is corrosive to copper. It reacts with the copper to create a chemical compound: Copper chloride. This compound can slowly attack copper from the inside, which results in those tiny but destructive pinhole leaks. Also, hard water, an abundance of calcium/magnesium, can erode copper pipes if a hot water recirculation pump is installed.

Kinetico water systems remove the chlorine, chloramines, and hardness that can attack copper pipes. We also add a special coating filter, after the Kinetico system, to recoat the copper plumbing from the years of damage. After installing hundreds of Kinetico Systems to fix our clients’ pinhole leak issues, we can say with 100% certainty that it works.

We’ve been saving our valued clients from 10k-20k re-plumbing jobs and from turning their home into a job site. And not only did they save their plumbing, but they also get all the other benefits of installing a Kinetico whole house water filtration system. We are so confident that we have a turn-key pinhole leak prevention system that we will refund your investment if it doesn’t stop your pinhole leak problem. Call or text 865-986-4234 to schedule your free pinhole leak assessment, and get your questions answered.

Aqua Clear Water Systems

865.986.4234

www.aquaclearws.com

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Heritage Family Dentistry


Invisalign: The Clear Alternative to Braces

If you find yourself comparing your smile to others whose smiles exhibit beautiful, straight, white teeth, then perhaps it’s time you discovered just how easy it can be to achieve a whiter, brighter smile. After all, how many of those people whose smiles you envy were actually born with that perfect smile? Probably not many.

Let’s consider teeth straightening first.  Did you know that there is a procedure – in fact, the most advanced teeth straightening system available anywhere – that has already helped more than six million people achieve straighter, more natural looking smiles? Called Invisalign, these transparent aligners incrementally adjust your teeth without the use of wire braces.

Invisalign is the world’s most advanced clear aligner. By combining 20 years of research and data from six million smiles, you can trust Invisalign to deliver the smile that you deserve.

Invisalign is a modern, fully digitized experience designed to help you achieve the smile you want, the way you want it. Unlike other competitive clear aligners, Invisalign aligners use a proprietary SmartTrack® material that offers treatment times that are up to 50% faster. Patients report that Invisalign aligners fit and feel better. Also, innovations in the Invisalign procedure move more smiles, with greater predictability and control than competitive aligners.

Perhaps what you will appreciate most about the Invisalign system is that it is administered and supervised by your family dentist and not some third party dentist or orthodontist who will recommend your treatment without ever having met you. After all, who knows you better than your family dentist?

To learn how Invisalign can help you achieve the smile you’ve always wanted, call Heritage Family Dentistry at 865-816-9211 today to schedule your no-cost, no-obligation evaluation.

Heritage Family Dentistry

11121 Kingston Pike, Suite C

Farragut, TN 37934

865.816.9211

www.hfdsmiles.com

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Shelf Help


Increase Your Home’s Storage Efficiency and Love Your Kitchen Again   

Whether you’ve wished your home’s existing kitchen and bath storage were more efficient, or if you’ve experienced difficulty in reaching items, Shelf Help offers the perfect solution.

At Shelf Help, we work with homeowners to plan, design, and install custom roll-out shelving and organizers that can be placed directly into your home’s existing kitchen and bath cabinets or pantries, providing you with much easier access, better organization, and maximum use of your available storage space.

And for those who may experience challenges reaching cabinets that are too low, too high, or too deep, Shelf Help allows you to make full – and far more efficient – use of your storage spaces.

Here’s how we’ve helped a few recent clients:

» Rather than having to awkwardly bend and stretch to access your lower cabinets, Shelf Help can install roll-out drawers that fully extend and bring your items to you, providing easier and safer access.

» We custom-build roll-out drawers that maximize storage and access in bathroom vanities, vertical dividers to make reaching and storing heavy glass cookware or sheet pans far easier, and offer solutions for those nearly impossible to reach corner kitchen cabinets.

» For fixed-shelving pantries where it’s not possible to reach or see all your items, we convert to easy access roll-out drawers that hold 100 lbs. per shelf and bring everything to you!

With our built for you roll-out shelving, organizers, and pantry storage systems, everyday tasks are made simpler with easier access to kitchen and bath items. And with the added advantage of optimal usage of storage space – a place for everything and everything in its’ place!

Homeowners also appreciate how affordable Shelf Help is, saving 50% or more when compared to national brands. Our clients are so pleased with the results that they say, “We should have done this years ago!” 

As experienced Knoxville-area kitchen and bath design consultants and as a locally-owned business, Shelf Help has the understanding and know-how to evaluate, design, measure, and professionally install solutions tailored to your needs – and budget.

To learn how you can better organize your kitchen, bath, or pantry, call today to request your free, no-obligation, in-home consultation. Mention this article and receive up to $250 off with a minimum purchase.

Locally owned and operated, let Shelf Help make the most of your home’s kitchen, bath, or pantry storage space.

Shelf Help

865.675.5098

www.ShelfHelpTN.com

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Undercover Systems


Create Four Full Seasons of Out-of-Door Staycation Family Fun

Set course for 12 full months of family staycation fun out-of-doors with the professionals at Undercover Systems, who can provide you with unlimited events that the entire family can enjoy all year-round, regardless of the weather.

Now is the perfect time to install the totally unique and patented underdeck ceiling system from Undercover Systems under your home’s existing raised decks. This underdeck system will ensure all of this year’s staycation events will be protected from unexpected and unwanted rain and the searing summertime sun.

“Now is a great time to weatherproof all of your out-of-door events,” said Jim Conn, owner of Undercover Systems. “Throughout the entire process, our skilled craftsmen work with you, each step of the way, until your project is completed to your satisfaction.”

Undercover’s patented underdecking system helps extend your outdoor season of enjoyment by protecting your family year-round from the sun’s potentially harmful rays and unexpected rain. You’ll also appreciate their attention to detail, which comes from years of experience, as they help you craft a seamless transition from your home’s interior to your new out-of-door living spaces using their custom made components designed to fit your home and not the generic off-the-shelf, one-size-fits-all components used by the competition.

A complaint-free member of the Better Business Bureau, Undercover Systems offers homeowners the peace of mind that they deserve in a building contractor.

Why not surprise your family with a special out-of-doors staycation gift that the entire family can enjoy all year long, and start creating a lifetime of memories today? Call Jim Conn at 423-267-0091 today and let the fun begin.

Undercover Systems

423.267.0091

www.UndercoverSystems.com

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Closets for Mckenry


Prepping for the School Year with Organization
By Carrie McConkey, www.carriemcconkey.com

“Getting organized” is something we all know we should do, but often the activity gets pushed aside to make room for more pressing priorities. Perhaps we need to move the endeavor up the list. Clearing clutter, creating systems, and developing routines can reduce stress and ward off depression – useful benefits in times such as these. And for children experiencing a very different academic school year, getting organized can be a lifesaver.

Room to Think
An environment freed of clutter allows a child to focus on the task at hand – be it schoolwork or renewing playtime. Having the space to spread out with a project creates feelings of safety, security, and clarity. And family schedules can progress smoother when storage zones are designated and regularly maintained, allowing everyone to find what they need, when they need it. Establish fun incentives for your child to regularly go through their room, backpack, etc., putting things back where they belong and discarding or donating items they no longer need or use.

All Systems Go
Creating systems is another form of organization that teaches children how to streamline regularly occurring activities. Closet organization makes it easier to get dressed in the morning, and using a calendar to keep track of assignments and special school events prevents those dreaded “day of” surprises. A whiteboard can list reminders, reachable goals, and to-dos. And encouraging your child to proactively add needed supplies, food, or other items to the family shopping list can teach them how to anticipate and plan ahead.

Step One, Two, Three
In times of uncertainty and distraction, established routines can offer a sense of peace, normalcy, and direction. Routines teach organization through a set of established steps, calming children through repetition and giving them the triggers they need to perform a task. A designated quiet place to study can ready him or her to begin their homework, just as washing their hands can prepare them for a meal. A 10-minute evening routine of tidying, making sure lunch ingredients are on hand, and laying out any needed school supplies and homework can give everyone a head start on the following day.

In this climate of upheaval and change, the simple concept of organization can provide a school year advantage for children and equip them with skills that will last a lifetime. Call Closets by McKenry for imaginative organization solutions that will benefit the entire family.

Closets by McKenry
201 Center Park Drive, #1070
Knoxville, TN 37922
865.249.6382
www.ClosetsByMcKenry.com

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Closets by McKenry


Because we’re spending more time around the house nowadays, many Americans are learning to fully appreciate their homes. Our kitchens are once again a favorite family gathering place where we share our daily experiences. Our family rooms provide a much needed diversion from the world with gaming and new feature movies and old classics streaming on our widescreen televisions. And our beautifully landscaped patios and gardens offer the peace and tranquility that often alludes us with our hectic career and family schedules.

But despite these wonderful features of our homes that we are coming to enjoy more, you no doubt have become increasingly more focused on certain areas of your home that might have become a source of growing frustration for you. Are you going on a hunt to get dressed each morning? Does your car even fit in the garage? Do the doors stay closed in the laundry and pantry because the spaces just don’t work?

How can one family have accumulated so much “STUFF” you ask yourself? Well, the solution to your “STUFF” issues may be easier than you might expect: Closets by McKenry.

For nearly two decades, Closets by McKenry owner and founder, Chris McKenry, has helped homeowners from L.A. to Knoxville overcome their storage and organizational problems. And, more recently, Chris has been helping a growing number of professionals transition from their conventional office places to their new at-home offices that enable busy professionals like yourself to remain both productive and efficient.

Closets by McKenry is locally owned and independently operated and is not a franchise. Chris and his team remain nimble enough to respond to all the latest developments in the storage and organizational marketplace and yet large enough to source these innovative products from around the world. And because of the industry relationships that Chris developed since 2000, Closets by McKenry is able to source everything you’ll need to create the perfect storage and organizational solutions for your home’s closets, garage, pantry, laundry, and home storage needs… and all at the best prices.

Closets by McKenry uses the latest ClosetPro 3D software, a cloud-based system that allows your projects to be designed and visualized in your own home. They are also very proud to support their local and area business economy by being the exclusive Knoxville distributor for Sevierville-based Inspiration Home Closet Systems.

Chris firmly believes that bringing order and organization to our surroundings can enhance our lives and reduce stress. He describes the number one mistake people make in their closets and storage spaces: “Not taking an extra minute to plan and think of their needs. It is not JUST a closet, or garage, or laundry. It is the place that affects your entire day.”

Chris always asks many questions to make sure everything that needs a place has a place, and he loves bringing a smile to a client’s face.

“You have many choices when selecting a closet and storage company,” said Chris. “But what really successfully differentiates Closets by McKenry in the minds of our customers is our love in taking care of them and going that extra mile.”

The Process of Customizing Your Home is as Easy as 1, 2, 3!

  1. Consultation: Closets by McKenry is currently offering both in-home or virtual consultations, whichever the client is more comfortable with. At that time we discuss your needs, goals, and measure the space.
  2. Review proposal: Closets by McKenry will sit down with you either in the showroom – while practicing social distancing and wearing a mask – or virtually to review the proposal and answer questions. You will have a 3D rendering of your project, along with the total cost and timeline. You will see exactly what your new space will look like, and changes can be made at this time.
  3. Installation: Closets by McKenry’s experienced, friendly installation professionals will safely and quickly install your components – on your schedule – so you can begin enjoying the benefits of “organization by design” as soon as possible!

It’s as simple as that!

To learn how to become better organized and to overcome your frustrations with “STUFF,” give Chris a call today. Chris can also help you create that perfect work-at-home office space that will provide you with everything required to remain productive and efficient in our ever evolving world.

Awards:
» 2010 – Best Closet Design winner at Los Angeles Organizing Awards
» 2019 – Best Closet Design – Interior Design Society – nationally recognized for Primary Closet at the Alzheimer’s Tennessee Designer Home and Garden Tour

Professional Associations:
» Interior Design Society of East Tennessee
» Association of Closet and Storage Professionals
» Closet Institute of America
» National Association of Productivity & Organizing Professionals
» Farragut West Knox Chamber of Commerce
» Knoxville Home Builders Association

The Closets by McKenry showroom is located at 201 Center Park Drive, Suite 1070, in Knoxville. Hours are Monday through Friday from 9 am to 4:30 pm and Saturday by appointment only.

Closets by McKenry
201 Center Park Drive
Suite 1070
Knoxville, TN 37922
865.249.6382
www.closetsbymckenry.com

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Make Your Home More Stay-cation & Work from Home Friendly


Understandably, most of us are spending considerably more time at home than we have at any other time in the past. As a result, many of us are updating, or planning to update, our home’s interiors and out-of-door living spaces as we facilitate this year’s stay-cation and work from home plans.

Garden centers are bursting with homeowners tidying up existing planting areas or creating entirely new ones. Homeowners are night-scaping their homes with exterior LED landscape lighting to create an exciting new nighttime look. Old concrete driveways are being replaced with beautiful multi-colored, variable sized pavers, further highlighted with beautiful geometric paver patterns. We’re painting inside and out, installing lawn irrigation systems, replacing screened porches with four-season rooms, hardscaping patios and adding built-in grills, ice-makers, and refrigerators. The sky’s the limit as we reallocate 2020’s planned vacation spending to investments in our home to make them more stay-cation and work-at-home friendly.   

At Amish Elegance in Knoxville, East Tennessee’s number one source for beautifully hand-crafted Amish furniture, we would like to share with you some exciting new ways that we can help you enhance your stay-cation and work from home plans. We have some great furniture suggestions for your out-of-door living spaces, including our multi-colored, all hand-crafted Amish outdoor furniture designed to last a lifetime. Our polywood furniture, which resists the harshest elements, will transform your ordinary outdoor gatherings into extraordinary events. Select from Adirondack chairs, bistro-tables and stools, and much more.

For your work from home office, we have a large selection of desks and chairs, companion chairs, file cabinets, bookshelves, art, décor, and lighting. Why settle for particle substitutes when you can own solid wood, Amish hand-crafted furniture that not only will look spectacular, but that will last a lifetime? In fact, many lifetimes.

For every other room in your home, we offer everything imaginable. That’s because most everything we sell, we create. We are your true all-custom source for all of your furniture needs. Why settle for showroom floor furniture from the big box stores when you can have exactly what you want, and at a price that may surprise you?

Most Amish Elegance visitors are surprised to discover that today’s Amish furniture is available in nearly every style imaginable. Hand-crafted from 100% solid American hardwoods, your furniture will be produced using the wood species you select, custom ordered to your exact specifications, with your choice of stains and finishes. And if it’s the softer side of Amish Elegance you’re searching for, spice things up a little with our wide assortment of fabric and leather upholstered furniture.

Let Amish Elegance help take the mystery out of shopping for quality furniture. Bring your photos when you visit and let our interior design consultants help you create that designer look that you’re looking for. Say goodbye to expensive, inferior quality, assembly line furniture for good.

Also, be sure to check out our extensive lines of home décor items, lighting, and art from well-known regional artists to complete your project.

So if you’re ready to create that perfect stay-cation home, work from home office, replace existing furnishings, or add new pieces, visit Amish Elegance and rediscover affordable, all custom, hand-crafted furniture that you might have thought no longer was available. We look forward to meeting you soon!

Amish Elegance

613 N. Campbell Station Road
Knoxville, TN 37934
865.392.6000
www.amisheleganceknox.com

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Importance of Friendship in Older Age


When you’re a senior citizen, having good friends and being social positively affects you both physically and mentally. Studies have found that socializing can strengthen your immune system, reduce stress, lower blood pressure and the risk of heart disease, as well as sharpen your memory and help you sleep better. Friends cause better overall health because they motivate healthy habits and keep your health on track by helping you stay vigilant.

Loneliness has been linked to a higher risk of depression, dementia, and cognitive decline. Having strong friendships and simply talking to someone can lead to improved self-confidence, increased happiness, and a better outlook on life.

When it comes to building relationships, experts suggest finding supportive people with similar interests. Here are some good ways to meet new people:

» Volunteer. Pitch in to help others or your community – it’s a chance to get out of the house and enjoy face-to-face interaction.

» Take a class. You can find classes by searching online for topics that interest you. Check out local organizations such as the YMCA.

» Get moving. Try an activity that will get you out and moving around. Parkview communities each have a state-of-the-art fitness center and a beautiful, pet-friendly walking trail.

» Get involved with your faith community. If you’re religious, check out events happening at your local place of worship.

» Connect via social media. Sites like Facebook can help you find and reconnect with old friends and join groups that interest you.

» Cheer on your team. An easy way to find people with similar interests is connecting with fans through fan pages and forums. Or gather your friends at Parkview together to watch the big game.

Taking steps toward actively being social in a safe manner and pursing good relationships will set you on a path towards a healthy mindset and lifestyle. Parkview Senior Living values friendship and socializing in their community and offers multiple amenities to help you embody your inner social butterfly.

Parkview Knoxville
770 Broome Road
865.357.2288

Parkview Maryville
1413 W. Broadway
865.980.8810

www.ParkviewSeniorLivingTN.com

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Dog Socialization


Dog owners realize that a balanced diet and exercise are vital to a dog’s health, but many don’t recognize the significance of dog socialization. Instinctively, dogs are pack animals; poorly socialized dogs are not inherent. Dogs who are not socialized become fearful of unusual or new circumstances, and stress has a negative effect on your dog’s mind and body.

Because of the way the brain develops, socializing a dog who has been raised without any canine interactions as a pup gets harder as the dog gets older. During puppyhood and adolescence, dogs are open to new experiences. With proper early socialization, most dogs will be comfortable in a variety of situations. Still, with the right help, older dogs can be socialized.

We received a recent reservation request from dog owners who stated, “My dog is older. She’s never been boarded or around other dogs. We need to board her. Can you assist us?” Yes, but it can be challenging for the dog if not done properly. We suggest an introduction time. Depending on the amount of time between the request and actual boarding, we will begin acclimating the dog to our environment, which is a totally new experience for her. We recommend a visit for a couple hours, followed by half day and full day daycare before her staycation. During this adjustment period, your dog builds her impressions and attitudes about us. She will have a positive experience, which helps build a happy foundation for her boarding.

We’re happy to visit with you regarding your boarding needs and dog’s socialization skills. Discover how doggy daycare can help even the most timid dog become relaxed and happy in a canine only resort while you are away from them.

Ms. C’s Bed & Biscuits
2145 Beals Chapel Road
Lenoir City, TN 37772
865.986.6325
www.MsCsBedandBiscuits.com

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