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Merra Lee Moffitt, AWMA, CMFC, CFP, AIF®

No Current Employment Listed

Overview

Services

Advisor Services

  • Financial Planning
    • -Comprehensive Financial Planning
    • -Retirement Planning
    • -College Planning
    • -Other Financial Planning
    • -Tax Planning
  • Insurance
    • -Life Insurance
    • -Annuities
    • -Other Insurance
  • Portfolio Management
    • -Individuals and/or Small Businesses
    • -Businesses or Institutional Clients
    • -Other Portfolio Management

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
Good Life Advisors, LLC 4 years, 9 months Dec 2014 - Present
LPL Financial LLC 7 years, 7 months Feb 2012 - Present
Private Advisor Group, LLC 2 years, 10 months Feb 2012 - Dec 2014
Capture Profits, LLC 7 years Jan 2005 - Jan 2012
Various Insurance Carriers for W & R Insurance Agencies 9 years, 7 months Jul 2002 - Feb 2012
Various Insurance Carriers for W & R Insurance Agencies 9 years, 7 months Jul 2002 - Feb 2012
Waddell & Reed, Inc. 9 years, 8 months May 2002 - Jan 2012

Designations & Memberships

  • American Association of Individual Investors
    Membership
    American Association of Individual Investors
    The American Association of Individual Investors is a nonprofit organization with about 150,000 members whose purpose is to educate individual investors regarding stock market portolios, financial planning, and retirement accounts.
  • 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 Insurance and Financial Advisors
    Membership
    National Association of Insurance and Financial Advisors
    NAIFA comprises more than 600 state and local associations representing the interests of approximately 200,000 agents and their associates nationwide. NAIFA members focus their practices on one or more of the following: life insurance and annuities, health insurance and employee benefits, multiline, and financial advising and investments. The Association’s mission is to advocate for a positive legislative and regulatory environment, enhance business and professional skills, and promote the ethical conduct of its members.
  • Accredited Investment Fiduciary
    Designation
    Accredited Investment Fiduciary
    The Accredited Investment Fiduciary® (AIF®) designation represents a thorough knowledge of and ability to apply the fiduciary practices.
  • Accredited Wealth Management Advisor
    Designation
    Accredited Wealth Management Advisor
    Individuals holding this designation are well versed in wealth transfers, federal taxation, retirement planing and planning for end-of-life needs.
  • 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 Mutual Fund Counselor
    Designation
    Chartered Mutual Fund Counselor
    Designees have knowledge of a wide range of mutual fund aspects such as characteristics of open and closed-end funds, other packaged investment products, risk and return, asset allocation, selecting a mutual fund for a client, retirement planning and professional conduct.

Articles and Answers

Insights by Merra Moffitt

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Answers

Ask a financial questionAsk a question
Am I saving enough for retirement?
The "retirement for dummies" answer is to save 10% of everything you ever made, invest it wisely and you will be able to enjoy the same lifestyle throughout your life. Read "The Richest Man in Babylon". OKAY, so much for what we ought to have done!Many of us didn't follow that advice so the conve...  (more)
Answered Oct 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.?
Ask for a copy of the Summary Plan description. That should tell you what the 'current' match will be. Companies are not generally required to contribute on your behalf, nor are they required to keep the same 'match' every year. If your plan is a Profit Sharing plan, they may only contribute onc...  (more)
Answered Oct 2012
Within your data base what is the average rate of employee contributions to a 401(k)? Or can you break that statistic out by companies with 10,000-15,000 employees etc.?
My accounts average 72% participation, even with lower paid participants where people are struggling to pay their household expenses.. The participation rate usually starts lower and increases after I have come to visit, answer questions, and do a little education. When participants then get to kn...  (more)
Answered Oct 2012
How do I get ahold of Judy Audland, administrator for the Money Purchase Plan.?
If you call the main number for the company you should be able to ask for the current administrator of the retirement plan. Alternatively, call the number on your latest statement....  (more)
Answered Oct 2012
I have a 401k with a big companies but iam not seeing the matching parts why not?
There could be several reasons. 1) Your statements may not separate employer contributions out every quarter, perhaps only annually, 2) They may be only showing the vested portion and you may not yet be vested, 3) They may only provide their matching annually and you haven't had one yet, 4) the st...  (more)
Answered Dec 2012
What are Independent Advisors seeking in Real Estate Alternative Investments?
When looking to add Real Estate to my Clients' portfolios, I look for consistently growing dividends and reliable tenant base such as medical facilities, research facilities, and other tenants who are unlikely to move because of their unique facility needs....  (more)
Answered Jan 2013
What percentage of my income should be allocated towards mortgage/insurance/taxes?
During 2004 through 2007 lenders were allowing people to go as high as 65% indebtedness . That included all debts such as car loans, cc payments, student loans, etc. That madness led to the foreclosure mess we experienced in 2008-2011 where people could not afford their homes either through illnes...  (more)
Answered Jan 2013
What is a closed end fund?
Closed end funds (CEF) are mutual funds that issue a set number of shares and trade on the stock market like a stock. You buy them like a stock and pay similar commissions as you would a stock. Since there is usually not active management, the management fees (as are found in all mutual funds) are...  (more)
Answered Oct 2012
I need to found my 401K plans from ex employees?
1) Try to find an old statement - If you can find one, call the number on the statement. If that number doesn't work, google the company that held your 401k and call their current number. They may ask questions you don't know the answer to like your hire date, termination date, employee number, pl...  (more)
Answered Oct 2012
Make too much to contribute to Roth or deductable IRA. I have been contributing to Tradtiional IRA with post tax dollars for years. Can I convert my basis to a ROTH and leave the earnings in the Traditional and avoid taxes.?
Under IRS rules, you can't “cherry pick” by converting just your after-tax contributions to avoid taxes. Instead, you need to determine the % of after-tax contributions across all your IRAs and then use that % to determine your taxable portion. In order to calculate this %, you need to total all ba...  (more)
Answered Oct 2012
Can I cash out my ESOP stock?
You need to get a copy of the ESOP Agreement. It will spell out when you can sell, who can buy, how the terms are determined. If you don't have a copy, call your HR representative....  (more)
Answered Dec 2012
How many audits of benefit plans are performed each year?
The DOL conducts more than 3,000 audits each year, andis increasing the number of personnel it has so expect that number to increase. In over 70 percent of the audits they find some sort of failure, either in the operation of the plan or in the interpretation of the plan provisions. There are exorbi...  (more)
Answered Jan 2013
I am fairly certain my company will file for bankruptcy in the next 90 days. What should I do now to protect my 401K assets? How do I stop participating in my company's 401K. They nolonger contribute to my 401K.?
Keep your most recent statement. The company does not own your investment, so it is not vulnerable to their creditors. At the close of the plan, you will have the ability to roll over to an independent advisor that you choose. I suggest you find one while you are waiting. At plan termination, y...  (more)
Answered Oct 2012
Can you tell me my balance in the thrift plan?
Find your last statement. It will have a phone number on it that you can call. You may need to answer some questions and remember things like your PIN. Persevere until you get a live person or someone who can tell you how to log in. Sorry, some times it's not easy anymore....  (more)
Answered Oct 2012
As a young professional starting a new career, what would you recommend a Roth IRA or IRA?
If you are in your 30's or early 40's, it's usually better to choose Roth over IRA. But before you choose anything make sure you are not giving up something of larger value, such as: 1) If your company plan provides a match, make sure you participate there, 2) Make sure you have a plan to build/rep...  (more)
Answered Oct 2012
How can i find about my stocks?
Every stock has a ticker symbol. You can follow the price fluctuation, news about the company, and other information at: http://www.google.com/finance, or www.morningstar.com.If your account statements do not tell you the ticker statements, the easiest place to search is on the google finance s...  (more)
Answered Oct 2012
    *Answers are submitted by advisors without compensation.

    Licenses & Conducts

    SEC
    U.S. Securities and Exchange Commission
    • license status
      Registered
    • disclosures
      None
    • as of date
      Jun 16, 2018
    FINRA
    FINRA
    • license status
      Registered
    • disclosures
      None
    • as of date
      Jul 17, 2018
    Review the status and details of the disclosures noted above using the SEC's Investment Advisor Public Disclosure website:

    Assets

    Assets

    There are no assets to display at this time.

    Fees

    Types of Compensation Arrangements