Kyle McClain

Retirement, Investing, Taxes
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“Kyle McClain serves as the Financial Planning Manager for Rhame & Gorrell Wealth Management and is a member of the Investment Committee.”
Firm:

Rhame & Gorrell Wealth Management

Job Title:

Financial Planning Manager

Biography:

At Rhame & Gorrell Wealth Management, Kyle McClain oversees Financial Planning operations, interfaces with clients, and serves on the Investment Committee. In his role as Financial Planning Manager, Kyle works closely with clients as part of an interdisciplinary team of investment and financial planning professionals. He coordinates ongoing financial planning initiatives and facilitates communication between clients and the advisory and investment teams.

Prior to joining RG Wealth, Kyle spent time with Fidelity Institutional Asset Management as an Investment Consultant and with Merrill Lynch as a Wealth Advisor. He graduated Magna Cum Laude with a dual degree in Finance and Economics from the University of Alabama. He also completed his Certified Financial Planner, CFP® program at Texas A&M University in the Spring of 2018.

Education:

BS, Finance, Economics, The University of Alabama
Certified Financial Planner Program, Texas A&M University

CRD Number:

6528254

Insurance License:

#2142223

All Answers
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    Estate Planning, Stocks, Taxes
Given the probability of a market correction, is it a good strategy to convert the securities in a revocable trust valued at $518,000 to cash, considering the tax liability? 
0% of people found this answer helpful

My condolences for your loss - it's never easy to shoulder responsibility after the loss of a loved one. This question requires a bit more information before a quality answer can be given. The most important thing to understand is the structure of the trust as well as the composition of the assets inside of the trust. Once that information is determined, you can align the assets to achieve the goals of you and your siblings. The first step would be to determine the level of risk you're comfortable taking with the trust assets. Then, a quick analysis of the assets will tell us if there is more risk being taken than you can accept. Only then can you make an informed decision as to an action plan. Other factors will apply, such as: is this a simple or complex trust? What do the trust documents dictate in terms of asset transfer, etc?

If you'd like to determine your personal risk tolerance, feel free to do so here. If you'd like to discuss that process with a financial professional, reach out to us for a no-obligation initial consultation. 

 

March 2018
    Investing
How should I invest $300,000 in cash to supplement my current income of $200,000?
0% of people found this answer helpful
February 2018
    Retirement, Real Estate
I have $850,000 in retirement savings and a remaining mortgage of $380,000; should I stop contributing to my four retirement accounts and pay down my mortgage?
20% of people found this answer helpful
February 2018
    Retirement, 401(k), IRAs, Disability Insurance
Can my wife rollover her 401(k) to an IRA before she is 59.5 years old, even though has a disability retirement account?
0% of people found this answer helpful
January 2018
    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?
0% of people found this answer helpful
January 2018