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Steve Stanganelli CFP®, CRPC®

FEE ONLY NAPFA-Registered Financial Advisor. Plan Well. Invest Smarter. Live Better.

Clear View Wealth Advisors, LLC

Amesbury

MA

Contact Me

Overview

Services

Advisor Services

  • Financial Planning
    • -Comprehensive Financial Planning
    • -Retirement Planning
    • -College Planning
    • -Other Financial Planning
  • Portfolio Management
    • -Individuals and/or Small Businesses
  • Accounting & Tax
    • -Tax Advice

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
Clear View Wealth Advisors, LLC 6 years, 12 months May 2010 - Present
Clear View Wealth Advisors, LLC 6 years, 12 months May 2010 - Present
Quest Financial Services, Inc. 9 months Aug 2009 - May 2010
Focus Capital, Inc. 1 year, 6 months Jun 2008 - Dec 2009
Merrill Lynch, Pierce, Fenner & Smith Incorporatedandover, Ma 2 years, 7 months Sep 2005 - Apr 2008

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.
  • National Association of Personal Financial Advisors
    Membership
    National Association of Personal Financial Advisors
    NAPFA, the National Association of Personal Financial Advisors, is the nation’s leading organization dedicated to the advancement of Fee-Only comprehensive financial planning. Consumers and the media look to NAPFA for access to financial advisors who meet the highest standards for professional competency, comprehensive financial planning and Fee-Only compensation.
  • National Association of Tax Professionals
    Membership
    National Association of Tax Professionals
    The National Association of Tax Professionals (NATP) is a nonprofit professional association founded in 1979 to serve professionals working in all areas of tax practice through professional education, tax research, and products. NATP is the largest organization dedicated 100% to tax professionals and their success.
  • 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 Retirement Planning Counselor
    Designation
    Chartered Retirement Planning Counselor
    The CRPC Program focuses on the pre- and post-retirement needs of individuals, allowing you to transform the retirement planning process into a positive experience.

Articles and Answers

Answers

Ask a financial questionAsk a question
I've had bad luck with a financial advisor - I paid $600 and got a folder of charts depicting my financial situation and a sales pitch for a roster of insurance products. How can I ensure that my next advisor is worth his/her commission?
Regardless of the type of advisor you select, you really need to spell out the type of advice you're looking for as well as your expectations. Then ask the advisor how they approach dealing with a client in your situation. Ask if they've handled the kinds of things you're asking about.Too often t...  (more)
Answered Aug 2012
What should I be doing now to prepare for my children's college expenses?
You should talk with a financial planner who can outline your options. There is more to paying for college than just saving for college. The reality is that when it comes to college there are two sets of prices: the ones paid by those who are informed and the other (higher) price paid by everyone ...  (more)
Answered Nov 2012
Best course for inheritance money?
Before investing an inheritance, I strongly recommend waiting on any large commitments for several months just to get the grieving process settled.After that I recommend setting aside some time to consult with a financial planner familiar with both areas of investing you mentioned. There are pros ...  (more)
Answered Aug 2012
What is the standard capital gains tax rate?
Generally, the rates for capital gains are based on your marginal income tax bracket as well as the length of time the asset is held. If you are in the 10% tax bracket, then the long-term capital gains rate is 0%. If you are not in the 10% marginal income tax bracket, then the long-term capital ga...  (more)
Answered Sep 2012
Will working longer and deferring retirement allow me to have more money for when I finally retire?
Time heals all wounds and sometimes it helps salvage a 401(k) as well. You may be able to replenish your retirement funds given the time frame you noted. It really will depend on a number of factors: how much you set aside, the amount of any company match, the mix of investments, and the performanc...  (more)
Answered Jul 2012
I once was an employee for a company Bright Scope represents, and I was wondering how do I go about retrieving my money from my 401k.?
Your first step is to contact the plan administrator or the human resource department of the firm. They will direct you to the service number or website to initiate the process of withdrawing money from the account. You may choose to "roll" the balance to another employer's 401(k) or your own Indi...  (more)
Answered Aug 2012
I am having trouble picking between Deutsche Bank stock (DB) and Lihua INTL stock (LIWA). Both are strong buys, and both come with a questionable risk factor. My question is which should I invest in (short term) and why?
If you're looking for stock-picking advice on this forum, I think you will be disappointed. Any stock investment has its merits and its risks. Whether or not these or any other investment make sense for you in your particular situation depends on so many factors. There is a saying that to every q...  (more)
Answered Aug 2012
Any information regarding "offshore building committee"?
Have you considered bringing this to the attention of the firm? While it has been a while and the firm has gone through several transitions, there are departments that handle "lost" certificates and may be able to trace the statement and the account. ...  (more)
Answered May 2012
What should I expect from a financial planner?
To avoid being disappointed you really should have an idea of what you want the adviser to do for you. It also depends on the type of adviser you will be meeting. Some advisers sell investments. Others sell insurance. Some do both. Some will manage money. Some will do nuts-and-bolts planning with...  (more)
Answered Jun 2012
My Employer sponsored Paychex 401k is rated poor or below average in all categories. I want to invest $400 per month that would be safe enough to actually draw on or in someway have access to in about 6 - 10 years. Any suggestions?
You're bringing in two different questions which may be mutually exclusive. If you are looking to take advantage of tax-deferred savings and possibly an employer match, then the 401(k) is your best option. While the internal expenses may be high or the fund choices limited, it does provide a way t...  (more)
Answered Sep 2012
I have been employed at wal-mart for 30 years and have around 500k in retirement and wish to retire at 62. Can I pull out my retirement and reinvest at 59 1/2 to to bring in additional income before age 62 without leaving the company.?
If your plan allows for an "in-service" distribution, you may be able to roll all or some of your existing 401(k) balance to an Individual Retirement Account (IRA) that you may direct or have the help of an investment advisory firm manage. When you say "additional income" I can only imagine that yo...  (more)
Answered Aug 2012
What can I do now to minimize the impact of the new investment tax?
The surtax that you are referencing is a new provision contained in the Health Care and Reconciliation Act of 2010 that amended the Patient Protection and Affordable Care Act of 2010. Now that the US Supreme Court has ruled that the health care law is constitutional, this new provision takes effect...  (more)
Answered Jul 2012
I'm trying to decide where to invest next. I'm maxing out my employer matched 401k, maxing out a traditional IRA, and will soon have an emergency fund in a savings account that I'll continue to add to every paycheck. Where to next?
Everyone says they want more risk in their investment portfolios until they don't. In a universe of thousands of choices, it is difficult at best to provide anything more than tips. What you really need to consider is having a plan including an investment policy that will provide you with a road m...  (more)
Answered Jul 2012
I already have an existing loan from my 401k plan,I need cash but can I still get money out of my account?
While your plan offers you the option to borrow, you need to be aware of any restrictions put in place by the plan administrator. Such information may be found on the administrator website or in the plan's summary document available from the administrator or possibly your HR representative. Genera...  (more)
Answered Jun 2012
I am witout a 401K at the moment. I will bne ab le to join my companies plan sonn. I need to find to roll over to a 401 plan I am acummulationg saving and it is just sitting in a savings account. I am a small invtesor compaired to most and I seem to a cold shoulder from invetmant firms.?
You may be talking with the wrong investment firms if you are being ignored. Consider speaking with a fee-only financial planner who may be able to manage investments directly for you or at least provide you with periodic advice that you can implement on your own. (Members of the Financial Plannin...  (more)
Answered Aug 2012
How should I handle freelance or small business income?
As a business owner you'll have a host of tax planning strategies available to you. In addition to the asset and creditor protections afforded to you by organizing as a corporation or LLC, you'll also have the opportunity to use the tax code to your advantage to possibly minimize your taxable income...  (more)
Answered May 2012
I plan on retireing at age 66. I have about 700K in my 401k. Tax wise, what is it better to take money from my 401k now or wait and take the manditory withdrawals.?
In general, it's a good idea to tap into other resources for retirement income before taking cash from a tax-deferred vehicle like a 401(k) or IRA so that you can continue to build on what you have without the impact of taxes. But that's a general line of thought. What may be right for your specif...  (more)
Answered Aug 2012
Can you tell me my balance in the thrift plan?
This forum and these advisors do not have access to any individual's plan information for a number of reasons: privacy, for one and we don't have detailed information or permission from you, number two. This is why you and your fellow coworkers need to rely on your representatives in the Human Res...  (more)
Answered Nov 2012
Received a letter today. potential private retirement benfits. for larry gatherers. have questions. as larry passed away may 4th 2012. can his mother receive this money? if so how do we go about it ? thank you Teresa?
More details would be needed but generally retirement benefits may be claimed by a beneficiary or decedent's estate. You should contact the administrator of the retirement plan or the employer's HR department for additional contact information if needed. ...  (more)
Answered Jun 2012
I make $113000 a year. I contribute the maximum amount to my 401K every year. I am 53 years old. Can I save another $6000 a year in an outside IRA and write that off my taxes?
It's great that you are focusing on your retirement savings. Unfortunately, you can't also get a tax deduction for an IRA contribution when you are participating in a qualified plan. You may make a contribution to a non-deductible IRA as long as it is characterized that way. You may refer to IRS ...  (more)
Answered Aug 2012
My financial advisor believes I will have enough money for retirement, but doesn't make any calculations for health/dental insurance. I'm 53, will retire between 62 and 66. Three questions: 1) can I receive Medicare before I reach full retirement age and will there be a fee? 2) My spouse is 3 yea
You really need to model in the cost of any health/dental plans. Your employer may offer you an option to continue to participate in the company plan at a retiree rate. Contact your HR department to find out if such an option is available. You may also get your own coverage directly. You can get...  (more)
Answered Aug 2012
Is there anyway to take a bulk amount of money out of an inherited ira (without having to pay extra tax on it) to pay off my PLUS Loan (which I used to assist my children with college costs?)?
Unfortunately, no. ...  (more)
Answered Nov 2012
I like to have a loan ,how can i or what a can do ?
You'll have to check with your company-sponsored 401(k) plan administrator to find out if your plan offers a loan. While tempting it's not a good idea to use your retirement account for current bills. You should note that if you leave your employer and have an outstanding loan, the balance may be ...  (more)
Answered Aug 2012
I am an employee for Boston market an borrowed money from my 401k for my husbands funeral last year and I need to borrow again an they say I'm not allowed is there anyway I would be able to borrow any way at all?
Please accept my condolences for your family's loss. Losing a loved one and having to deal with the stress of making sense of a new financial reality and these challenges is difficult, to say the least.I am not sure that the hardship withdrawal is an option. Though allowed by law, your plan may n...  (more)
Answered Nov 2012
If i quit my job can i cash out my 401k?
Yes, you sure can. But you will pay income taxes and possibly early withdrawal penalties if you are under age 59 1/2. Unlike a pension, you can access your 401(k) account balance when you separate from your employer. So you can take it with you. But note that you can only access that portion of ...  (more)
Answered Nov 2012
Withdrawing money from my CD?
Yes. The entire penalty amount may be deducted on your personal 1040 (line 30) even if it exceeds the income or interest received. ...  (more)
Answered Jul 2012
How can I transfer my 401k to my fidelity account?
Complete transfer paperwork provided by Fidelity and submit it to the trustee administering your current plan. This will provide for a direct trustee-to-trustee transfer which will avoid any possibility of an unintended early withdrawal which would make you responsible for income taxes and early wi...  (more)
Answered Nov 2012
I am researching my Pension of 11 years, would like to update to other accounts!!!?
As Danny Chen noted, you'll really need to provide more detail about what you have and what you're trying to do to get a more direct answer.First, we need to be sure we're all talking about the same thing. While many individuals may think that a pension and a 401(k) or other company-sponsored ret...  (more)
Answered Oct 2012
My husband and are ready to retire. I have a 401K with my prior employer. I am about to roll this 401k over to an IRA. We own our home in full. We also just found a retirement home of our dreams and wish to find the most effective way to purchase?
Marie, I echo the advice of both Danny and Mike. What you are posing is complex with many variables. You need an advisor who can help you make a plan that addresses all of these issues. You need to engage an adviser for some objective advice. The cost is insignificant compared to what's at stake...  (more)
Answered Oct 2012
I received half of my ex-husbands 401k. How long, after the qrdo is signed, does it usually take to get this?
While it is tempting to see this money from your ex-spouse's 401(k) as a ready source of cash, I echo the views of my colleague here and strongly urge you to not tap into this account. I realize that you will need cash for a fresh start. This is why I encourage client's as part of my divorce finan...  (more)
Answered Oct 2012
I am 70 this year and will have to start taking money out of my IRA. I have been told to role it over into a gold invested IRA. Is this a good idea?
Everybody has an opinion. But what makes sense for others may not make sense for you. Sure, gold like any other commodity may have a role in your overall portfolio. But the best allocation between stocks, bonds, CDs and commodities will really depend on a number of factors. You should speak with...  (more)
Answered Sep 2012
Life Insurance as an Investment?
There is a time and place for everything. These words of wisdom are not just limited to the Bible. Life insurance is a key part of any solid financial plan. Without proper life insurance in place, all other planning may be jeopardized. Beyond the core role of risk management, life insurance may b...  (more)
Answered Aug 2012
If I am a member of the Wells Fargo retirement plan, how much is the annual fee including bps?
That is a very good question. I applaud you for understanding that there actually is a cost to participants for their 401(k). Unfortunately, too many participants think that this is free. Your HR department or plan administrator are supposed to provide this information to you. Starting this year...  (more)
Answered Sep 2012
Can I deduct the mileage traveling to and from my rental property?
I come across this question often as part of the tax preparation side of my practice. You may deduct the actual expenses or the prevailing mileage rate. The standard mileage rate can be used to replace the actual cost of depreciation, loan or lease payments, maintenance and repairs, fuel, oil, ins...  (more)
Answered Aug 2012
Do I have to wait the 5 years to withdraw money from my Roth 401k tax-free if I was over 59 1/2 when I started contributing?
The principal contributed is always yours to withdraw at any time without penalty. Only the earnings are impacted by the five year rule....  (more)
Answered Jun 2012
My insurance agent says their are no fees for the investment products he wants to sell me.  How can he make a living if the products he sells don't have fees?
We all like a good deal. But if it sounds too good to be true than it probably is. That wisdom has never changed. Don't you just love it that everything in this world is so free? Go to H&R Block for free tax preparation. Have a company 401k plan that never charges you any money. The realit...  (more)
Answered Jun 2012
What are your thoughts on having a college savings account in my kids' names instead of in mine?
In my college financial planning practice, I come across this sort of question very often. Generally, funds held in the student's name are assessed at a greater rate than your funds. There's a bit of a loophole for 529 accounts owned by the parent with the child named as a beneficiary. (The legis...  (more)
Answered Jun 2012
Do all banks offer lines of credit for co-op apartments?
Co-ops are certainly a different animal. During my mortgage banking days, there were few national outlets for financing so most buyers needed to rely on local lenders or private sources. While they may seem to be similar to condominium ownership there are significant differences. The most notable...  (more)
Answered Jun 2012
I have about 245,000 in my 401k....am I on target for my retirement ? I'l be 53 next week.....?
It all depends. It's not how much wealth you have as it is about how you spend it. So a lot depends on your projected retirement lifestyle, where you will live and what kinds of expenses you will have. A big part of that will be what kind of medical insurance coverage you have. Another question w...  (more)
Answered Jun 2012
Do failed business attempts impact personal credit scores?
More often than not, small business operators are usually required to personally guarantee debts, contracts or leases. Read the fine print in these documents. While the LLC offers an asset and credit shield just like a corporate entity, you may find that even if the discharged debts don't impact y...  (more)
Answered May 2012
Is Linda Jarbo one of your Investment Managers?
While there is no listing for Linda Jarbo with BrightScope Advisor Pages, you can search for any licensed financial professional by going to the SEC database (www.AdviserInfo.sec.gov) or the FINRA BrokerCheck tool locate at www.FINRA.org under the 'investors' tab. If the person you are looking for ...  (more)
Answered Jun 2012
How do i cancel my 403k while still working?
You can cancel your participation in the plan. These plans are voluntary. In the case of a 401(k), your employer may provide non-elective contributions to your account on your behalf. While you cannot cancel the company's plan (only the trustee of the plan can do that), you don't have to contribut...  (more)
Answered Sep 2012
Is a bi-weekly mortgage a good idea?
There are services available that will manage the process for you for a fee, of course. The idea here is that you send them the money and they forward it along and the timing of it will create a bi-weekly mortgage without having to refinance with a lender to do it. A bi-weekly in essence is like m...  (more)
Answered May 2012
Do the distributions from a 529 plan need to be taken the same year as expenses?
Withdrawals need only be equal to or less than the qualified education expenses to avoid any tax on them. There is nothing that I have found in IRS Publication 970 that prohibits a taxpayer from taking withdrawals to cover prior year expenses. It is up to you to keep track of and document that thes...  (more)
Answered Aug 2012
I need to contact my adviser Richard H. Sorensen?
Forgive me. If he's your adviser, I would have thought you would have his contact information already. Maybe you can try looking at one or another of the statements or business cards he provided you. If you need to find a registered representative, you can check his state's licensing authority (t...  (more)
Answered Nov 2012
Do I need to file an amended tax return?
Avoid the risk and of an audit or tax penalty. File amended returns with both the IRS and your home state. If you prepared your return on your own using a consumer software package, there should be a way to file the amendment there. A tax preparer will do this for you as well but expect to pay a ...  (more)
Answered Jun 2012
Do the distributions from a 529 plan need to be taken the same year as expenses?
Feel free to contact any one of the many qualified advisers at this site or visit www.SavingforCollege.com for more information. ...  (more)
Answered Aug 2012
My wife inherited $55,000 from her deceased father this year, how will it be taxed?
No, based on the facts you presented. Assuming that she inherited non-IRA accounts (which this sound like), then the answer is no.FYI: If she had inherited an IRA, then she would pay taxes on any distributions she receives based on her age (under 59 1/2 would be considered an early distribution)....  (more)
Answered Jul 2012
How do I document money spent on home improvements to claim as deduction when I eventually sell my house?
What you're looking for is documentation for calculating the "basis" in your property. Assuming that you are inquiring about a primary residence, there is no "deduction" for repairs or renovations as there may be if this were an investment property.An itemized receipt from the handyman supported b...  (more)
Answered Oct 2012
How do I with draw from the plan at age 70?
Your question requires more detail. If you were a private sector employee, you may have participated in a 401(k). If working for a government entity, you may have a 457 plan. You may also be eligible for a company-sponsored pension. You may be able to transfer funds from the plan to a rollover I...  (more)
Answered Aug 2012
How is it possible to lose $14K in 8 months when the Dow is only 200 points when you're supposed to be mitigating risks?
Most investors typically overestimate the level of risk they are willing to accept and underestimate the level of risk in the market. This is why investors need to periodically update their risk profiles not just once at the opening of an account. If you have invested in a broadly diversified mutu...  (more)
Answered Dec 2015
Is alimony tax deductible?
Before signing any divorce settlement, you really need to have it reviewed by a competent financial planner, divorce financial analyst and/or CPA or tax professional. Too often, taxpayers are not familiar with the impact of all that is contained in a divorce settlement and even competent legal coun...  (more)
Answered Jul 2012
Harlan Evans and A FORMER EMPLOYEE OF AKAL SECURITY INC and I would like to no how do I with draw my holding from the 401k now retired at age 70 ?
Your first step is to contact your former employer or the administrator of the plan. You may want to start with the Human Resources department unless there is a dedicated number or office for retirement plan questions. If you haven't already begun taking distributions from your plan, you will want...  (more)
Answered Aug 2012
Does every hard credit inquiry impact my credit score?
Generally, all hard credit inquiries impact your credit score. Keep in mind that if you are applying for an auto loan or visiting a car lot and they perform a credit report, not every one of the inquiries will have the same impact. While the credit scoring formula is not specifically known, the cr...  (more)
Answered Jul 2012
What is your best solution for conservative client that needs inflation protection for the next 50 years- currently married age 55 and live to over 100+ expected? What solutions are there to protect cash flow to meet inflation demands in the future?
The options that are now available are varied and I suspect that whatever strategy is put into place may need to be revised over the next few decades. To your original question, though, I would suggest including assets that offer the opportunity to reset and mitigate the impact of inflation. For m...  (more)
Answered Jul 2012
Are Dividend Reinvestment Plans good investment tools?
Dividend reinvestment plans are fairly straight-forward and easy to use. As dividends accumulate, the company uses money in the account to buy more shares for you. Mostly these shares come from the company's books and not through another broker. So that's one way they keep the costs down and avoi...  (more)
Answered Jul 2012
How do i check the balance, if any, of my 401k?
You may have to set up an online profile with the plan's administrator to access your account information. When you enrolled you may have received instructions but start with the HR department which will put you in touch with the plan administrator. ...  (more)
Answered Sep 2012
How to find out about your retirement balance?
Contact your HR department for contact information of your plan's administrator. They'll give you a toll free customer service line or a website that will get you the information you seek. ...  (more)
Answered Oct 2012
I had a 401k while working for AMF Bowling Center in 2006, I wanted to know how to find out what I have in that account and cancel the plan to get the money out, How do I go about this?
This is such a common question. When individuals separate from an employer it's easy to overlook the package that should have been provided by Human Resources that includes the contact information for your plan's custodian. When you call the administrator you will be provided with any specific pap...  (more)
Answered Sep 2012
How do i cancel my 403k while still working?
Just to clarify, a 401(k) is a tax-qualified plan offered by a private sector employer. A 403(b) is a tax-qualified plan offered by a public sector employer. It is a tax-sheltered annuity offered to public school teachers.Not sure exactly what you have but essentially the way to cancel either of ...  (more)
Answered Sep 2012
How do i cancel my 403k while still working?
Please be aware that if you are looking for the money to be distributed directly to you from the plan, you will need to declare the distribution as income and will be subject to income taxes at your prevailing rate. If you are under age 59 1/2 , you will also incur an early distribution penalty of ...  (more)
Answered Sep 2012
The company that holds my 401k plan will not let me take a partial amount out. how can i take money out with out loosing the current amount to taxes?
If you are still employed then it is unlikely that you can do any type of rollover unless the company offers "in service" distribution options. Usually only the largest companies seem to offer this provision. If you are employed and looking for a loan, well, the plan may or may not offer that optio...  (more)
Answered Sep 2012
How do i get the paper work and find out how much money i have in my 401k?
Your best option is contacting the Human Resources department even if you left your employer a while ago or the company has merged or moved. They will have record of your employment and know which qualified plan you may have been enrolled under. It's not uncommon for large companies to have legacy...  (more)
Answered Jul 2012
Should we allow our adult son to move home or help him out financially?
While it may not be unique for parents to be called on to help out adult children, the Great Recession certainly has made this more prevalent. And it has put more pressure on parents who may also be facing their own financial uncertainty about their job security, benefits, real estate values and de...  (more)
Answered Aug 2012
What does 41 unit shares and Value Account $63 mean?
You probably have an employer-sponsored plan like a 401(k) or a group annuity. Typically, the 401(k) invests in mutual funds. So you don't own the "shares" of stock or bonds of any particular company directly. Mutual funds account for investments with "units" that represent a proportional share o...  (more)
Answered Nov 2012
I am 38 years and I want to get the balance off my pension fund what do I need to do?
A pension is a "defined benefit" plan that the employer provides based on a formula that includes years of service and your earnings history. You can contact your Human Resources department which should be able to provide you with any contact information as well as the formula to be used.Any pensi...  (more)
Answered Sep 2012
If i need to borrow $15,000 from my IRA how much should I actually withhold, tax wise.?
Take a 60-Day Loan:You can withdraw funds from your IRA for up to 60 days tax- and penalty-free as long as you return the funds to an IRA by the end of the 60-day period. The IRS looks at this as a nontaxable rollover. Just make sure that the funds are back in an IRA within the 60 days, otherwise i...  (more)
Answered Sep 2012
I have a former employer offering a Lump-sum non-taxed amount of about $7200.00 coming from a previous employer. Is there anyway to rollover this money into a Roth IRA?
Consider opening and transferring the amount into a Roth IRA. If your new employer offers a Roth 401k, you could consider rolling it there. Though allowed, not many employer-sponsored plans offer the Roth 401k option. If possible, use funds from outside of the amount be transferred to pay the taxe...  (more)
Answered Jul 2012
My employer is also my 401K administrator. One of the funds that is available is a stable value fund. According to your statistics 30 to 40% of all investments in my 401K is in this fund. Up until very recently there were zero fees associated with this fund. Now the adminstrator is charging 0.20% fo
There were always fees associated with your account. You just didn't see them. As a result of changes implemented by new DOL regulations, plans must now disclose this information more clearly. The amount being charged is probably the discreet fee for this particular fund. What participants have f...  (more)
Answered Jul 2012
I invested in mutual Funds with citicorp investment services back in the mid 1990s through a broker in the USA. I now live outside country with a good number of years. I have made a number of phone calls and written to the bank enclosing copies of statements but to no avail. can anyone help me to t
While your 401(k) plan administrator will have records, the problem is more complicated if your investments were made through a "taxable" account (a non-IRA or non-401k). If you moved and the company lost track of you, then another option is to contact the Secretary of State's office for the state ...  (more)
Answered Jul 2012
I can't find any information concerning my company's contribution to my 401k. How do get this information. This is a new account.?
Each 401(k) has a Summary Plan Description document available through your human resources department. This will outline the plan including vesting and company contributions. This should also be able to direct you to the plan administrator who can provide more details. So start with HR. ...  (more)
Answered Oct 2012
How do i check my 401 k?
And if you want to find out more about the plan itself, you can request something that's called a Summary Plan Description....  (more)
Answered Oct 2012
How does a surety bond differ from liability insurance?
While both surety bonds and liability insurance help protect consumers of your services, the role of a surety bond is to guarantee performance while liability insurance pays out for damages. In many cases those seeking a professional license are required to have a surety bond (or a minimum amount o...  (more)
Answered Jun 2012
Can I borrow money against my life insurance policy?
Borrowing money against a cash value life insurance policy is a great option for a consumer. It is fast, convenient and there are no pesky coupons reminding you to make a monthly payment. But while this is an option that is available, you need to beware of accruing interest that may threaten the p...  (more)
Answered Jun 2012
Is additional disability insurance necessary?
Statistically, there is a greater chance that someone will experience a disability than a death in the 25 to 40 -year old age bracket. Considering the industry that you are in, you may have a higher exposure as well. Given your age, your premium cost may well be lower to get now rather than later....  (more)
Answered Jun 2012
What is the time limit to pay out 401k on a plant closure?
You may want to check the plan's summary documents and contact the Department of Labor Employee Benefits Security Administration (PWBA) at 1-866-275-7922 (toll free). If your company closed the plan because of bankruptcy there are certain protections in place for your retirement contributions. Obv...  (more)
Answered May 2012
If I discover my company's 401K is not performing, what steps do I take to place my money in better hands?
If your 401k is not performing, it could be for several reasons. Aside from general market conditions that will impact the day-to-day returns, you may find that the "under-performance" is either resulting from the menu of investment options available or your choice of funds.If it is the mix of fu...  (more)
Answered May 2012
My brother died how do i get his money in his 401k plan?
Dealing with money issues after a time of loss can be very difficult and frustrating. I've had this happen personally and with clients of mine. Please accept my condolences for your family's loss.Hopefully, your brother put in place a plan so that you won't have too much frustration with the proc...  (more)
Answered May 2012
Why shouldn't I take 401k loans if I am paying myself back the interest?
Let's also not forget about the tax impact caused when a plan participant with a loan separates from a company - voluntarily or involuntarily. Unless you can pay back the loan within a short period of time after leaving the firm, you'll receive as a parting gift a 1099-R as the loan will be treated ...  (more)
Answered May 2012
I am the CFO of my company and we offer a 401k plan, how do I know if I am a fiduciary?
Plan sponsors are fiduciaries. As CFO, it's probably a part of your job description to be in charge of the plan. If you check the Department of Labor's Form 5500, it probably lists your name (or your predecessor in the position). You can help reduce your liability by having in place a process for...  (more)
Answered May 2012
What is an RIA?
While common to use, those of us who are affiliated with Registered Investment Advisers are not supposed to use the term RIA or include it after our name like you would a professional designation. Unfortunately, many consumers and the media (and some in our profession) are unclear on these points....  (more)
Answered May 2012
How do i cancel my 403k while still working?
Mr. Evans, While your contribution was lucid and very well-articulated, I felt it was necessary to gain further information from the poster to clarify what they have. Speaking to the issue of 401(k)s only does not address a pension or a 403(b). Given the original question being somewhat confused, ...  (more)
Answered Sep 2012
If I can afford to supplement the monthly mortgage payment, where should the extra money go: on the PRINCIPAL? Or on the INTEREST section?
If you are making extra payments, you need to check with the lender's order of payment outlined in your mortgage documents. In almost all cases, extra payments not otherwise specified will be applied to late charges, interest and escrows before being applied to principal reduction. If you have a f...  (more)
Answered May 2012
Does 'forgiven debt' count as taxable income?
This is the painful downside of getting a debt cleared by a creditor. Yes, the cancelled debt is considered income Yes, you are responsible for paying taxes on it. This is what is called "phantom income" because you received this income on paper but don't actually receive the cash. When you file ...  (more)
Answered Jun 2012
How do I know if my advisor is a Fiduciary?
While most clients may not know the difference, I think it's important to educate them about it. While there may be more, I'm familiar with the fiduciary requirements of members of the CFP Board holding the CFP(R) designation as well as CFAs, and CPAs. I'm willing to sign the fiduciary oath which ...  (more)
Answered May 2012
Divorcees getting their half of pension now.?
The rules are prescribed by the plan administrator. To provide for the efficient functioning of a pension plan, funds need to be managed in a way consistent with the preservation of the money to be there when it is needed based on actuarial assumptions. All of this essentially means that the plan n...  (more)
Answered Jun 2012
Is it possible to get a college to reconsider their financial aid package?
Absolutely! You have the right to appeal and discuss the findings with the financial aid officer. Your case may be strengthened by mitigating circumstances in your income or asset situation (change in job status since the base year income used for calculating your Expected Family Contribution, for...  (more)
Answered Jun 2012
Is it better to sell our house before or after divorce?
As a divorce financial planning practitioner, I've found this to be the most contentious issue fraught with all sorts of emotional baggage. Many times couples fight over who gets to keep the house and it can become the winner's curse. What is often overlooked is the fact that there may not be enough...  (more)
Answered May 2012
How Can I find an advisor to help with divorce?
You can start by checking out the CFP Board's website (http://www.cfp.net/) because there are many practicing professionals who have incorporated divorce financial planning into their practices. While any CFP(R) or CPA may know of some of the issues related to divorce, I found that gaining the spec...  (more)
Answered May 2012
What happens to the college savings plans we set up for our kids when we divorce?
In reality, there is nothing that you need to do short of updating the address of the owner of record with the 529 plan administrator. In the divorce financial planning part of my practice, I will consider these assets to be for the kids and not part of the marital assets. But I think it prudent t...  (more)
Answered May 2012
How can i get my retirement plan information?
Your HR department will have contact information about your company's retirement plan administrator. You will be able to request a copy of a "summary plan document" that the administrator provides to participants about the plan and options. You can also find out information about a plan's expenses...  (more)
Answered Sep 2012
With an inherited IRA, I know I have to take a RMD by 12/31 of this year. My question is , Can I take more than the RMD if I am doing it by the life expectancy tables?
There is no reason prohibiting you from taking more than the minimum. You need to consider the potential impact on your total income tax liability as your income may be higher. That's it. ...  (more)
Answered Nov 2012
How do I document money spent on home improvements to claim as deduction when I eventually sell my house?
IRS Publication 523 directly addresses all the items that are included or excluded from basis. Generally, financing costs that appear on a HUD-1 Settlement Statement from any financing (purchase or refinance) are allowed. The items that are not part of the basis calculation generally include legal...  (more)
Answered Oct 2012
What type of advisor would you recommend that has older clients and has experience in eldercare and financial planning. We are not eligible for Long Term Care Insurance and want to maximize income so we do not run out of money before death.?
You may need different advisors for different things. An estate planning attorney will be helpful in reviewing your health care directives, powers of attorney and wills. You can find one through the National Association of Estate Planners and Councils (www.naepc.org). An elder law attorney will be...  (more)
Answered Jul 2012
Hi Ryan this is Randi-kay Bridgefarmer from KVH in Goldendale I'd like to cash out my retirement from the hospital. What do I need to do if anything? Thank you, Randi-kay?
Contact your company's plan administrator directly or try the human resources contact at your facility. You'll need to determine what types of plans that you have available because the rules may differ. If you are seeking to "cash out" then you'll receive the funds in your name. Remember that you...  (more)
Answered Jul 2012
I have small business with myself the only employer , I would like to open 401k account but I want to find the rating for the plan and know the administrative cost /hidden cost that I will be paying for, is there website or book that can help choose?
As a small business owner you are eligible for a "solo" 401(k) plan that can cover you and your spouse (if you have one). These types of plans are usually offered through any number of platform providers using a simple "prototype." By using this type of template, the costs for setting up a plan are...  (more)
Answered Nov 2012
I have a 401k with a big companies but iam not seeing the matching parts why not?
As long as you are enrolled in your company plan and the plan offers a company match, you will see this on your plan's statements which are either available online or sent out by mail to you. You have to look on your account statement, not your paycheck. Generally, there are two sections on your s...  (more)
Answered Nov 2012
Is investment in raw land considered a low risk, moderate or high risk investment?
You are fortunate to live in an area where price appreciation has continued to be robust. Farm land is still an area that continues to see price appreciation and if you are in an area that continues to see employment growth, then you may continue to benefit from prospective real estate development....  (more)
Answered Jun 2012
How much do i have in my 401k?
Your plan administrator is supposed to send you statements regularly. Since these may be online, you'll need to establish your online account. If they are sent by mail, be sure that the administrator has your current address. Your human resources department will have the contact information you ne...  (more)
Answered Jul 2012
If i need to borrow $15,000 from my IRA how much should I actually withhold, tax wise.?
Condo and Coop are two different structures. Be sure you know the difference. It makes a difference with lenders and programs. And be sure to have your own attorney review docs and represent you. Remember the attorney doing the closing represents the bank. Nice guy though he may be, your interes...  (more)
Answered Sep 2012
How do I obtain a profit sharing/ 401k form as a Whataburger employee?
Profit sharing and a 401(k) are not the same although they are similar in some ways. Your employer may share profits with employees in a tax-deferred account. There is no set requirement for a formula about how to calculate profits.In a 401(k) plan, you as an employee may contribute a portion of...  (more)
Answered Jul 2012
Do I need a separate rental insurance policy?
I commend you for having taken the step of putting renter insurance policies in place. Too often I speak with folks and they either don't know the option exists or mistakenly believe that their landlord's policy will cover them. While I realize that you are trying to economize and eliminate any du...  (more)
Answered Jun 2012
I like to take a loan from my 401K?
While the law allows 401k plan sponsors to offer loans, you'll find that many smaller employers or plans choose not to offer them. They can be an administrative nightmare especially for smaller firms. And whether or not an employer's plan offers a loan will be up to the employer and detailed in the...  (more)
Answered May 2012
Is foreclosure a smart thing to do?
While not something I advocate, there is a case and precedent for "strategic foreclosure." More folks who are under water are finding it makes more financial sense to walk away from a loan. Obviously, this will create a big hit on your credit score which may adversely impact your odds of getting go...  (more)
Answered Jun 2012
Is there anything to my Financial Advisor having a Vice President title?
The most common benefit offered to those working in financial services firms (banks, insurance and brokerages) is to "promote" someone to Vice President. My experience with the title comes from my days in banking. In the wirehouse world, I found it based primarily on production. When someone produ...  (more)
Answered May 2012
How many mortgage quotes should I get?
When I started in the financial services industry it was as a mortgage broker. So I was often confronted with "shoppers" looking for rates. The typical question was "what's your rate?" And the truthful answer was and is "It depends."Given the changes in the industry and more automated underwritin...  (more)
Answered May 2012
Does your mortgage provider have to notify you if they sold your loan to another company?
As a former mortgage broker who had to deal with this sort of thing, the short answer is absolutely 'yes.' Great answer provided by Joshua so I really can't elaborate. ...  (more)
Answered May 2012
Is this a good time for a young professional to buy property?
It's all about choices. Real estate really is a lifestyle issue. Your primary residence really should not be considered an investment. If you are considering this as a rental property, then you'll need to consider the "toilets, trash and tenants" issues previously raised. While prices and interest...  (more)
Answered May 2012
Can you please explain when RMD's must be taken? I have set up an inherited IRA (non-spousal) My Mom passed away on 3/12/12 her employer has distributed from her qualified defined pension plan benefits. Do I need to set up RMD now in 2012? Or should I wait til 4/1/13? If I do the latter, wont I h
Because it's the law. The regulations are designed to avoid creating a way to distribute the inherited wealth in a way that gets tax dollars into the Treasury by replacing the expected distribution schedule based on the actuarial lifespan of the account holder by replacing her with the actuarial lif...  (more)
Answered Sep 2012
If i need to borrow $15,000 from my IRA how much should I actually withhold, tax wise.?
These are all valid points raised by Erik Evans which you should weigh carefully. I am not a fan of borrowing ANY money from a retirement plan. But as you asked this question in the context of an IRA, I wanted to make sure you had the answer to your direct question. ...  (more)
Answered Sep 2012
Does any participation in an employer sponsored plan make one ineligible to participate in a self-directed IRA?
Based on my tax research resources, the short answer is participation in an employer plan will make you ineligible for a tax-deductible IRA in the same year. An employee is covered by an employer retirement plan for a tax year if the employer has a:• Defined contribution plan (profit-sharing, 40...  (more)
Answered Mar 2017
If i need to borrow $15,000 from my IRA how much should I actually withhold, tax wise.?
Well, that's a horse of a different color. If you're a first time home buyer you have an exemption on the penalty for the first $10,000. The withdrawal will be added to your income so you will pay income taxes on that. Some of this will be offset by the likely increase in your itemized deductions ...  (more)
Answered Sep 2012
    *Answers are submitted by advisors without compensation.

    Licenses & Conducts

    SEC
    U.S. Securities and Exchange Commission
    • license status
      Registered
    • disclosures
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    • as of date
      Mar 7, 2016
    FINRA
    FINRA
    • license status
      Not registered
    • disclosures
      None
    • as of date
      Nov 9, 2016
    Review the status and details of the disclosures noted above using the SEC's Investment Advisor Public Disclosure website:

    Assets

    Clear View Wealth Advisors, LLC

    Last updated on March 14, 2017
      • $3.8M
        Total Assets Under Management
      • N/A
        Total Assets Under Advisement
      • 65
        Accounts
      • $58.6K
        Estimated Average Account Balance

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    Fee Only Advisor
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