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Michael Ernest Kitces

One nerd's perspective on the financial planning world...

Pinnacle Advisory Group, Inc.

Columbia

MD

Contact Me

Overview

Services

Advisor Services

  • Financial Planning
    • -Estate Planning
    • -Comprehensive Financial Planning
    • -Retirement Planning
    • -College Planning
    • -Charitable Planning
    • -Other Financial Planning
    • -Tax Planning

Funds

Funds Used With Clients

There are no funds listed for this advisor at this time.

Firm Client types

Qualifications

Experience

No timeline events available.
Employer Years Dates
Pinnacle Advisory Group, Inc. 14 years, 7 months Dec 2002 - Present
National Planning Corporation 1 year, 6 months May 2001 - Nov 2002

Designations & Memberships

  • Financial Planning Association
    Membership
    Financial Planning Association
    The Financial Planning Association (FPA®) is the largest membership organization for personal financial planning experts in the U.S. and includes professionals from all backgrounds and business models. We help connect thousands of consumers to competent and ethical planners who uphold the FPA Standard of Care.
  • Investment Management Consultants Association
    Membership
    Investment Management Consultants Association
    IMCA—Investment Management Consultants Association—was established in 1985 to deliver the premier investment consulting and wealth management credentials and world-class educational offerings—membership, conferences, research, and publications. IMCA sets the standards and practices for the investment management consulting profession and provides investment consultants with the credentials and tools required to best serve their clients.
  • Society of Financial Service Professionals
    Membership
    Society of Financial Service Professionals
    For more than 80 years, the Society of Financial Service Professionals has been helping individuals, families, and businesses achieve financial security. With their strong commitment to delivering only those financial products and planning services that are in their clients' best interests, the Society's approximately 15,000 members nationwide are uniquely qualified to assist the public in reaching their future financial goals—today, tomorrow, and into the next millennium. Society members can provide consumers expert assistance with: estate, retirement and financial planning; employee benefits; business and compensation planning; and life, health, disability, and long-term care insurance. Society members have earned recognized professional credentials in the financial services industry, or are working towards attaining a professional credential.
  • Certified Financial Planner
    Designation
    Certified Financial Planner
    A standard certification for advisors, designees are exposed to nearly 100 topics on integrated financial planning. Major topics include, but not limited to: insurance, employee benefits, securities, state and federal tax, estate tax and planning, asset protection, etc.
  • Chartered Financial Consultant
    Designation
    Chartered Financial Consultant
    Invididuals holding this designation understand the fundamentals of financial planning, including income tax, insurance, investment and estate planning.
  • Chartered Life Underwriter
    Designation
    Chartered Life Underwriter
    A prestigious certification for advisors, designees are exposed to nearly 100 topics on integrated financial planning. Major topics include, but not limited to: insurance, employee benefits, securities, state and federal tax, estate tax and planning, asset protection, etc.

Articles and Answers

Insights by Michael Kitces

    *Articles are published by advisors without compensation.

    Answers

    Ask a financial questionAsk a question
    Hardship withdraw from a 401k?
    Frank,Presumably if you reported the early withdrawal penalty, attached somewhere to your tax return was a Form 5329 to declare the amount of the penalty.If you were in fact totally disabled as of the date of distribution, you should be eligible for the penalty exception. You would need to file an...  (more)
    Answered Jun 2013
    I am a recent 1099 Contractor, with limited current deductions. Would a SEP IRA be my best bet?
    As a self-employed individual, the "best" option for maximizing deductions really depends on your overall income from the business, as well as your involvement in any other businesses.A SEP-IRA lets you contribute 20% of your net earnings (it's technically 25%, but the contribution itself reduces y...  (more)
    Answered Jul 2014
    Can I take a loan against my 401k??
    Ultimately, whether a loan can be taken from a 401(k) plan is up to the individual plan. The tax law allows plans to offer loans is the plan wishes to do so, but there is no requirement for plans to offer loans. Because there is some cost for the plan to administer the loans, many small business 401...  (more)
    Answered May 2014
    My boyfriend inherited his mother's pension. Is he supposed to be taxed on it?
    Lindsey,If the mother had no other assets, there should be no Federal estate tax on this, and generally wouldn't be any state estate or inheritance tax either (if there was an attorney involved in settling the estate, he/she should be able to verify).However, as your boyfriend receives the pension...  (more)
    Answered Jan 2015
    Will the Congress/Legislators move to enhance disclosure of 401k fees, and related expenses? Now, it's not crystal clear?
    The Department of Labor has put through increased fee-disclosure requirements for 401(k) plans in just the last two years (see http://www.dwt.com/DOL-Issues-Final-Retirement-Plan-Fee-Disclosure-Rule-03-15-2012/), and most consumers should have begun to receive additional fee disclosure details from ...  (more)
    Answered May 2014
    Enrolled in a plan called: Group Deferred Annuity Participant Certificate Certificate Number 9910-00187394?
    Joseph,Ultimately you'll need to determine who the provider is of your group deferred annuity. These are definitely associated with 403(b) plans, so the company may be a large 403(b) provider like TIAA-CREF or Principal.Look for a company name on the statement, and that matched with your group cer...  (more)
    Answered May 2014
    Company letting me go. I'm 55 and have $30,000 in cash balance. Do I have to pay a penality?
    Generally, separating from service after age 55 (or in the year in which you turn age 55, as long as you'll be 55 by the end of the year) is an exception to the early withdrawal penalty for a withdrawal from a 401(k). So given the limited information here, it appears you would be eligible for the ex...  (more)
    Answered May 2014
    What is average company contribution to a 401K plan?
    Matching contributions from companies are typically in the range of 3% - 6% of income, usually as a dollar-for-dollar match or a 50-cents-on-the-dollar match.Companies may also make "profit-sharing" contributions to your account as well. This varies widely by company; many do not make contributions...  (more)
    Answered May 2014
    Who do I speak with about removing my info from your website that was posted without my approval?
    You can contact the Advisor Pages team at advisorpages@brightscope.com. That being said, it's worth noting that the only information posted by default to any Advisor Pages is drawn from information already publicly available on the internet from industry regulators (FINRA and the SEC)....  (more)
    Answered Jan 2015
    You posted my financials on the internet without my approval, how do I remove?
    D,You can contact the Advisor Pages team at advisorpages@brightscope.com about information posted to your Advisor Page.That being said, it's worth noting that the only information posted by default to any Advisor Pages is drawn from information already publicly available on the internet from indus...  (more)
    Answered Jan 2015
    How to remove my info posted without my approval?
    D, You can contact the Advisor Pages team at advisorpages@brightscope.com about information posted to your Advisor Page.That being said, it's worth noting that the only information posted by default to any Advisor Pages is drawn from information already publicly available on the internet from indu...  (more)
    Answered Jan 2015
    What to say when marketing an Advisor to a business concerning benchmarking, to an C.E.O/C.F.O?
    Freddy,In practice, I see many advisors going this route who try to open the conversation by making the decision-makers aware of their fiduciary duties and potential fiduciary liability under the plan for failing to do proper benchmarking and evaluation of the costs of their plan. I'm generally not...  (more)
    Answered May 2014
      *Answers are submitted by advisors without compensation.

      Licenses & Conducts

      SEC
      U.S. Securities and Exchange Commission
      • license status
        Registered
      • disclosures
        None
      • as of date
        Apr 6, 2015
      FINRA
      FINRA
      • license status
        Not registered
      • disclosures
        None
      • as of date
        May 23, 2012
      Review the status and details of the disclosures noted above using the SEC's Investment Advisor Public Disclosure website:

      Assets

      Advisor

      Last updated on Nov. 10, 2016
        • $1.4B
          Total Assets Under Management
        • $0
          Total Assets Under Advisement
        • 900
          number of clients
        • $1.6M
          Estimated Average Account Balance Per Client

      Pinnacle Advisory Group, Inc.

      Last updated on Sept. 8, 2016
        • $1.6B
          Total Assets Under Management
        • N/A
          Total Assets Under Advisement
        • 4K
          Accounts
        • $420.9K
          Estimated Average Account Balance

      Fees

      Types of Compensation Arrangements

      • Percentage Of Assets
      • Hourly Charges
      • Fixed Fees