John Madison

Personal Finance, Investing, Taxes
“John Madison, CPA, is dedicated to educating and empowering individuals and couples to make well-reasoned decisions regarding their personal finances, affording them increased opportunities for meeting their personal and wealth-building goals.”

60 Minute Finance

Job Title:

Financial Counselor


Born and raised in Virginia, John passed the CPA exam before graduating from Virginia Commonwealth University and beginning his career at a “Big-8” accounting firm in 1987.   

After two years in public accounting, he accepted employment with a client and rose through the ranks in private industry.  Desiring to work in a more diversified environment, John started his own accounting practice in 2000 and added financial coaching services in 2013.

John resides in Hanover County, Virginia with his wife and children.  He is active in his church, enjoys finishing a good run or workout at the gym, and leads personal finance classes in the community.

In addition to 60 Minute Finance, John is also the owner and president of Riverpine Services, Inc.  Riverpine Services, Inc., provides freelance accounting services to a select number of small businesses throughout the region. In 2016, John moved to a part-time roll with Riverpine to focus his attention and energy on his personal financial education efforts.


BS, Accounting, Virginia Commonwealth University


The recommendations provided on 60 Minute Finance are educational in nature and not intended to be specific recommendations for any particular individual.  Our goal is to educate and inform our readers and clients of available options, with the ultimate decision being theirs.  Please consult the appropriate tax, investment, insurance or financial planning expert before making any final decisions.

All Answers
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    Retirement, 401(k)
Would I need to take a distribution from my 401k if I'm still earning a paycheck when I'm 70 1/2?
100% of people found this answer helpful

If you are still employed with the company throughout the year, and don't own more than 5% of the company, you are not required to take an RMD from that specific 401k account.  Other 401k's from earlier employers and any traditional IRA accounts will still require an annual RMD, though. 

Of course, you can (if allowed) roll your other 401k's and traditional IRA's into the current employer 401k can avoid RMD's on the entire amount!

Best of luck!

2 weeks ago
    Investing, Mutual Funds, Stocks, Taxes
How do you reset the cost basis for stocks and mutual funds to save taxes for low-income earners?
100% of people found this answer helpful
2 weeks ago
    Pensions, Social Security, Real Estate
Given the sum I am inheriting, and the pension and Social Security I am eligible for, can I afford to buy a house for $950,000?
100% of people found this answer helpful
3 weeks ago
    Tangible Assets
Does it make sense to trade in a car with no payments, in order to lease a brand new car that is valued at less than the trade-in value of the car that I own?
50% of people found this answer helpful
3 weeks ago
    College Tuition, Debt, 401(k)
How should I balance paying off my student loans and contributing to a 401(k) plan?
50% of people found this answer helpful
3 weeks ago