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Chris Schiffer

Consistently Good Advice in a Constantly Changing World™

Aepg Wealth Strategies

Warren

NJ

Contact Me

Overview

Services

Advisor Services

  • Financial Planning
    • -Estate Planning
    • -Comprehensive Financial Planning
    • -Retirement Planning
    • -College Planning
    • -Charitable Planning
    • -Other Financial Planning
    • -Tax Planning
  • Insurance
    • -Life Insurance
    • -Health Insurance
    • -Long-Term Care Insurance
  • Pension Consulting
    • -401k
    • -Defined Benefit
  • Portfolio Management
    • -Individuals and/or Small Businesses
    • -Businesses or Institutional Clients

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
AEPG Wealth Strategies 4 years, 7 months Feb 2013 - Present
Jefferies & Company, Inc. 6 years, 9 months Mar 2006 - Dec 2012

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.
  • 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.
  • 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.
  • Certified Public Accountant
    Designation
    Certified Public Accountant
    The Uniform CPA Examination protects the public interest by helping to ensure that only qualified individuals become licensed as U.S. Certified Public Accountants (CPAs). Individuals seeking to qualify as CPAs – the only licensed qualification in accounting – are required to pass the CPA Examination.

Articles and Answers

Answers

Ask a financial questionAsk a question
My dad died without a will a few years ago and i am his next of kin. how do i receive his 401k benefits?
Tatiana,A 401k is not typically subject to a will. 401(k) participants are given a form to complete in order to name their beneficiaries. A will does not typically override the beneficiary designation form. The 401k assets can become part of the probate estate if the estate was named the benefici...  (more)
Answered Jan 2016
Who offers the best 401k options and lowest fees in the industry currently?
There is no quick an easy answer to this question. While cost is a major factor there are many others which we help our clients evaluate vs the cost to achieve he best overall value.The starting point is plan design: what are you looking to acheive with the plan. Provide a competitive benefit and...  (more)
Answered Sep 2016
How much should my retirement plan service provider fees be on top of the underlying funds available?
Hi Drew,I agree Chace's comment is spot on. However, more than 1% all in high for a plan your size. You should seek an RIA that will be the plan's Fiduciary Advisor and provide value for the fee that you are paying: The Advisor should provide an independent look at the plan structure and fund line...  (more)
Answered Nov 2015
At death, can I leave my IRA or 401k to our family trust as an IRA to avoid liquidating it and paying income taxes?
Tony,You can designate any individual as your IRA beneficiary. Under the IRS Required Minimum Distribution (RMD) rules, beneficiaries can stretch out these RMDs over their own expected life spans. If most cases the beneficiary is significantly younger, giving many more years of income-tax-deferred ...  (more)
Answered Dec 2015
I've Employer Defined Benefit Plan & eligble for retirement at age 55. Lump sum distr. is option but how w/o tax impact?
Kathy,Since your employer allows the option to take a lump sum distribution, you can do so.You will be taxed on a payment from the Plan if you do not roll it over and since you are under age 59½ you will also have to pay a 10% additional income tax on early distributions. However, you may rollove...  (more)
Answered Dec 2015
Is it possible to reach a max savings of $1.5 Billion?
Dustin. The probability of reaching max savings of $1.5 billion is very low. The factors that go into this calculation are monthly savings amount, time, and the growth factor. Since the monthly savings amount and the time are fixed, the growth rate would have to be 29.19% per year. There is a tra...  (more)
Answered Aug 2016
My wife and I each have 401ks. She passed away last year, so do I roll her account into mine or into my IRA .
I am sorry for your loss. There are many options that may be available to you. Employer-sponsored retirement plans generally allowed to specify the post-death distribution options available to you. For example, the IRS may say it is OK for you to leave your 401k inheritance in the account without...  (more)
Answered Sep 2016
I rolled my retirement account and 401 k into brokerage accounts. Thanks Mike?
Mike,I presume that the distributions were a rollover to an brokerage account IRA. The IRS imposes a 10% penalty tax on taxable distributions taken before age 59½.There is an exception for a first time home buyer only.If you are at a new employer, you may be able to roll your IRA into the 401(k) ...  (more)
Answered Jan 2016
My husband passed away in Jan. I get his retirement instead of mine. On the form it stated he had a 403b in 2009.
Donna,A 403b plan provides for a beneficiary to be designated. If you were designated as beneficiary you can rollover the balance to your own IRA or leave it in your spouses account as an inherited IRA. There are pros and cons to each which I won't bore you with at the moment as the first thing t...  (more)
Answered Apr 2016
A 403 deferred benefit vested. Is there a certain age that you have to take this out?
Donna,Condolences e on your loss.You can find out if you were the beneficiary by contacting the plan administrator.If he didn't designate a beneficiary, his Will will determine who receives the assets.Do you know if he had a will?If so who is designated the executor (the person handling the es...  (more)
Answered Apr 2016
When can I expect payment on cashed out 401k?
Wayne,Typically it takes a week to 10 days to process and make its way through the mail.Do you have a rollover account set up to deposit the funds? You have 60 days to another qualified retirement plan or traditional IRA. This transaction is not taxable but it is reported to the IRS on Form 1099...  (more)
Answered Mar 2016
How best to manage a medically retired multiple 401k plan?
Rachel,The question is a little unclear, but I get the impression you have a family member that has retired early due to a medical issue and needs to access the funds in one or more 401k plans. Generally, early distributions received from a 401k before reaching age 59½ receive a 10% early distribu...  (more)
Answered Aug 2016
How best to manage a medically retired multiple 401k plan?
Rachel,The question is a little unclear, but I get the impression you have a family member that has retired early due to a medical issue and needs to access the funds in one or more 401k plans. Generally, early distributions received from a 401k before reaching age 59½ receive a 10% early distribu...  (more)
Answered Aug 2016
How do I go about finding out if I've contributed to a pension while employed for Central Beverage Distributing ?
Parnell,Ryan is correct. The easiest way is to contact HR at Central. Another option is to check the National Registry of unclaimed retirement benefits.https://www.unclaimedretirementbenefits.com/...  (more)
Answered Jan 2016
How best to manage a medically retired multiple 401k plan?
Rachel,The question is a little unclear, but I get the impression you have a family member that has retired early due to a medical issue and needs to access the funds in one or more 401k plans. Generally, early distributions received from a 401k before reaching age 59½ receive a 10% early distribu...  (more)
Answered Aug 2016
Plan Recommendation for small firm, four partners, 10 employees and 401K plan allowing individual investment brokerages.
That is a pretty general question. I cannot make a recommendation withough understand more about your firm's structure and the goals for your participants. There are many options for smaler plans to set up a 401k . It is also possible to set up multiple plans in order to meet your objectives (i.e....  (more)
Answered Aug 2016
Im interested in making a withdrawal... how do i do that?
If you are interested in making a withdrawal from an investment account. You can do so by contacting the custodian on your account. Your most recent statement should have the contact information on the statement.If you are interested in making a withdrawal from your 401k, again, your most recent ...  (more)
Answered Aug 2016
Can I cash in my stock if terminated?
There are a couple questions that I would need to know first to answer that question and help you:The first question is whether any of the stock was subject to vesting.Second question is what form are the shares held: Restricted stock units, in an plan, if you held the shares outright, and if the...  (more)
Answered Mar 2016
I am looking to start my 401K. Can you assist me?
Angie,If you are considering contributing to a 401k for the first time, the best advice generally is to start early and try to reach the maximum contribution. I can certainly help you understand your options.If you are looking to start a 401k for your business, I can help you with that as well. T...  (more)
Answered Sep 2016
I received a letter from Social Security about a potential private retirement benefit that is due me.
Deborah,Have you ever worked at bellsouth? I find it highly unusual that the social security administration would send anything on a private retirement benefit. Be aware this is a red flag for a potential scam.If I knew more details, I could be of more assistance.I can be reached at 908-821-9764...  (more)
Answered Mar 2016
I want to compare 403(b) plans, but tools on BrightScope refer to 401(k). Does good 401(k) plan rating = good 403(b)?
The basics are the same. Fees, ehe quality of the investment lineup, participation, company generosity (ie is there a contribution match). 403(b)'s have bene the news of late because of University plans with higher than normal fees and/or fund line ups that are inadequate. Best Plan goverance pr...  (more)
Answered Sep 2016
How do i contact somone to retreive my 401k?
The quetion is a little uinclear.Do you have a statement from your 401k provider. There should be contact information on there. Alternatively contact your employer's HR department.OrAre you interested in moving your assets to your new employer or an IRA?...  (more)
Answered Sep 2016
I had 401 k from breton industries back in 2000 how can I find out about my money?
You should contact the plan administrator for Breton Industries:Named Administrator Colleen HawkerAddress One Sam Stratton RdAmsterdam, NY 12010Telephone (518) 842-3030...  (more)
Answered Apr 2016
If I terminated a comany in june 2015 when should I expect information from that employer to cash out profit sharing?
Christine,You need to request a distribution by contacting the plan administrator.If a distribution is made to you under the plan before you reach age 59½, you may have to pay a 10% additional tax above your income tax rate on the distribution. However there are exceptions if the distribution, he...  (more)
Answered Apr 2016
My husband passed away in Jan. I get his retirement instead of mine. On the form it stated he had a 403b in 2009.
Donna,A 403b plan provides for a beneficiary to be designated. If you were designated as beneficiary you can rollover the balance to your own IRA or leave it in your spouses account as an inherited IRA. There are pros and cons to each which I won't bore you with at the moment as the first thing t...  (more)
Answered Apr 2016
After leaving scot industries how long do I have to wait for my profit sharing check to be sent to me.
Trevor,Because the Internal Revenue Service views a profit-sharing plan as a qualified retirement plan, it allows a person to transfer funds from a profit-sharing account to an individual retirement account, or IRA. Typically, profit sharing plans are linked with a 401k plan. You should be able to ...  (more)
Answered Nov 2015
I want to find out about cashing out a stock ownership pla?
I'm not sure if you are asking from the perspective of a participant or an plan sponsor. If you are a Participant, the summary plan description (SPD) can provide you with the terms under which distributions can be made. The SPD is a booklet that describes the plan's provisions and the participants...  (more)
Answered Feb 2016
I have a profit sharing account with wescott steel Inc.I have been employed there for 21 years and let go.
Darren,Did you request a distribution? Distributions from a Profit Sharing are not automatically initiated when employees leave a company. You need to request a distribution from the Plan through the plan Administrator. You should contact Westcott's HR department to get the contact information fo...  (more)
Answered Feb 2016
Does Coca Cola have a pension plan still?
Yes they do:http://www.coca-colacompany.com/careers/us-employee-benefits...  (more)
Answered Mar 2017
Question about withdrawal from ROTH 401-K without penalty after 5 years.
A withdrawal from a Roth IRA (including both your contributions and investment earnings) is completely tax free (and penalty free) if :1) it is made at least five years after you first establish any Roth IRA, and2) one of the following also applies: - You have reached age 59½ by the time of the ...  (more)
Answered Mar 2017
Does a trust have to go through probate?
Emily,The management and disposition of a trust is the responsibility of the trustee(s) and should fall out of the probate process. The trust can be for multiple beneficiaries and might not be impacted by the passing of your uncle. It may continue for the benefit of other beneficiaries named in ...  (more)
Answered Mar 2017
Rollover when switching employer?
Here are some things for you to consider.1) You don't need to rollover your Company A, You can keep the funds there until you decide whether you want to rollover to Company B. 2) You can contribute to Company B, but the maximum contribution is $18,000 combine between companya and company b. You ...  (more)
Answered Mar 2017
I would like the SPD for the Raytheon Savings and Investment Plan - the official one.
You should be able to get this by calling human resources at Raytheon.Chris...  (more)
Answered Mar 2016
How do I cash it it?
Christina,What are you looking to cash in? ...  (more)
Answered Nov 2015
    *Answers are submitted by advisors without compensation.

    Licenses & Conducts

    SEC
    U.S. Securities and Exchange Commission
    • license status
      Registered
    • disclosures
      None
    • as of date
      Mar 4, 2016
    FINRA
    FINRA
    • license status
      Not registered
    • disclosures
      None
    • as of date
      Mar 2, 2016
    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. 28, 2016
      • $800.0M
        Total Assets Under Management
      • $0
        Total Assets Under Advisement
      • 550
        number of clients
      • $1.5M
        Estimated Average Account Balance Per Client

    Aepg Wealth Strategies

    Last updated on June 2, 2017
      • $743.5M
        Total Assets Under Management
      • N/A
        Total Assets Under Advisement
      • 2K
        Accounts
      • $471.5K
        Estimated Average Account Balance

    Fees

    Types of Compensation Arrangements

    • Percentage Of Assets
    • Hourly Charges
    • Fixed Fees