Financial Services

Through intensive study, Jim has become an expert in working with IRAs and other retirement plans.  In addition, Jim has taken the extra steps to become an Enrolled Agent, which means that he is enrolled to practice before the IRS.  Adding to these specialties, Jim is an expert in ... more

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A Good Reason To Not Convert To Roth
While there are many reasons that it may be in your best interest to pay tax and convert funds from a traditional IRA to a Roth IRA, there are a few situations that you might want to keep in mind as you consider converting.
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The Impact Of Zero Years
If you have less than 35 years of earnings, those years without earnings are counted as zeros…
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Rolling Over Your Roth 401k
If you’d held the Roth 401(k) for five years or longer and a triggering event has occurred, rolling the funds over to a Roth IRA (of any age) allows you to withdraw the funds at any time, for any purpose, without tax.
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Combining IRAs With Other Retirement Plans
Quite often we are faced with multiple options for retirement savings. With these decisions, it is important to understand what options are available to you – such as, can you contribute to both a 401(k) or 403(b) plan and an IRA in the same year?
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Double, Double, Toil And Trouble
Did you know that if you don’t pay close attention, you could be paying tax a second time on an inherited IRA – if the original owner’s estate paid estate tax.
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Should You Take Or Postpone Your First RMD?
In the first year that you’re required to start taking Required Minimum Distributions from your IRAs and other retirement plans, you have a decision to make: Should you take the RMD during the first year, or should you delay it to the following year?
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Don’t Forget The Saver’s Credit On Your Tax Return
Did you realize that there is a saver’s credit available to you for your contributions to retirement plans? There are income limits, but this type of credit can be exactly what you need to get you started on your retirement savings activities.

Work Experience

Owner
Blankenship Financial Planning, Ltd.
January 2003 - Present (19 years 10 months)

Financial advisory service, providing advice on all facets of individual and small business finances. Compensated on an hourly or project basis, much like an attorney. As a result, there are no minimums in terms of net worth or salary in order to work with me. This can also assure you will have "no doubts" when working with me - you pay only for objective advice, not investment or insurance products.

Education

Eureka College
B.S.
1981 / 1985
Computer Science

Publications