Morris Armstrong

Enrolled Agent
Personal Finance, Taxes, Lifestage Based Planning
91%
Helpful
116
Answers
7
Articles
39
Followers
“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.

Videos
  • Morris Armstrong
All Articles
Sort By:
Most Helpful
October 2017
    Personal Finance
5 weeks ago
    Personal Finance, Tax Deductions / Credits, Taxes
August 2017
July 2017
June 2017

All Answers
Sort By:
Most Helpful
    Life Insurance, End of Life, Women & Money
How should I invest my late husbands life insurance policy?

I am truly sorry for your loss.  It seems as if you were planning for golden years together and now, that will be just a dream.  When you do experience a dramatic life event, such as yours, it is very hard to make a decision and do the "right" thing.  If you are like others that I have helped, no matter how hard you focus, your mind is elsewhere.

The advice that may be best is simply do nothing - place the money in a bank and earn the 1percent plus and take many months to look at your life and see where you are and need to be,  You might want to find a qualified financial advisor, one who acts in your best interest whether it is planning or investing, and go through the process of creating a roadmap for the future.

They can work with you and look at your current situation, cash flow needs and future needs, and perhaps construct a risk-appropriate portfolio for you.  Don't be afraid to allow someone to provide guidance but also, don't cede control.

 

 

3 weeks ago
    Marriage / Divorce, IRAs, Retirement Plans
Can IRAs be held jointly by spouses?
3 weeks ago
    Debt, 401(k), Taxes
Why am I being taxed so much after withdrawing my 401(k) and taking out a loan?
3 weeks ago
    Taxes
Can the losses I incurred in a previous year be deducted from my taxable income during the following year?
67% of people found this answer helpful
3 weeks ago
    Banking, Investing, Taxes
Should I move funds from large bank with high fees even though there will be high gains?
40% of people found this answer helpful
last month