Morris Armstrong

Enrolled Agent
Personal Finance, Taxes, Lifestage Based Planning
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6
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“Morris Armstrong operates under a fiduciary standard all of the time, whether he is advising clients on financial matters or representing them before the Internal Revenue Service, his mission is to help clients achieve their goals, not his.”
Firm:

Armstrong Financial Strategies

Job Title:

Owner

Biography:

Morris Armstrong founded Armstrong Financial Strategies in 2001 as fee-only firm. The firm does not accept commissions or referral fees and the only source of its income is from the client.  Morris has taught at Marymount College in Tarrytown, NY and has written extensively on the subject of investments, taxes and planning for Multex Investors, which Reuters purchased in 2003.

Morris has also been active in the field of divorce planning, and in 2008, the Connecticut Law Tribune recognized his efforts. The lawyers in the state voted him as one of the top three planning firms in the state.

Morris has written for and been quoted in numerous publications including the Wall Street Journal, New York Times, Financial Planning magazine, Wealth Manager Magazine and Yahoo Finance. His investment philosophy has been shaped by both John Bogle and Eugene Fama, and is his portfolios, which are a blend of passive and active vehicles, reflect this.

While he enjoys divorce planning, it can be draining and he prefers not to work with those couples who believe that “War of the Roses” was a manual for divorce. He enjoys his role as an Enrolled Agent helping people resolve their issues with the IRS, whether it is a notice or something more involved such as an audit or offer in compromise.

Education:

BBA, Banking, Pace University

Assets Under Management:

$12 million

Fee Structure:

Fee Only
Hourly

CRD Number:

127983

Disclaimer:

The answers presented on Ask an Advisor, together with any commentaries, articles or other opinions should be considered general information presented to inform the public. They are based on the information provided in the question, which may have omitted important details that would have changed the answer had they been known. 

Articles and answers are not intended as a solicitation of an offer to buy or sell any security investment or instrument or to participate in any particular trading strategy. Armstrong Financial Strategies and Morris Armstrong, EA. are not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information contained within this site. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.

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October 2017
    Personal Finance
July 2017
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June 2017

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    Financial Planning, Retirement Savings, Taxes
Will keeping my income low prevent me from being taxed too heavily?
100% of people found this answer helpful

You should always keep in mind that on the federal level, a certain amount of your income is exempt. This is the sum of your personal exemption and your standard deduction. A couple over 65 years old will have the first $23,200 dollars of taxable income exempt. The 10 percent bracket would allow you to add about $18,450 to that number. A Roth distribution does not have any impact on that number, nor does any return of capital from an annuity or other investment.

In the 10% and 15% brackets, qualified dividends, and capital gains are not subject to tax but are included in the AGI calculation. I would suggest that each year you plan ahead and determine what level of taxation is comfortable for you and keep within that limit. Keep in mind that if you are married, when you or your spouse pass away, the following year, the tax brackets will shrink dramatically and the surviving spouse may be forced into a higher bracket.

It seems to me that you do like to plan ahead and good luck!

April 2017
    Banking, Personal Finance, Investing
What is the safest approach in transferring a large sum from my investment account to my savings?
100% of people found this answer helpful
June 2017
    Investing, Retirement Plans, Starting Out
Should I look for a brokerage firm to guide me through investing?
100% of people found this answer helpful
April 2017
    Marriage / Divorce, Financial Planning, Retirement
I just received a QDRO distribution from my ex-wife during our divorce. What is the best way to use the distribution to pay debt and fund my IRA?
100% of people found this answer helpful
April 2017
    Personal Finance, Stocks
Is 30% a good yearly return on my stock portfolio?
100% of people found this answer helpful
June 2017