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Overview

Services

Advisor Services

  • Financial Planning
    • -Retirement Planning
    • -Tax Planning
  • Insurance
    • -Life Insurance
    • -Long-Term Care Insurance
    • -Annuities
    • -Other Insurance
  • Pension Consulting
    • -401k
    • -Defined Benefit
    • -Other Pension Consulting
  • 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
401K Data Warehouse, LLC 19 years, 2 months Jun 2000 - Present
Fidelity Federal Planning Corp. 24 years, 3 months Jun 1995 - Present
Fidelity Federal Retirement Plans 27 years, 3 months Jun 1992 - Present

Designations & Memberships

  • American Society of Pension Professionals & Actuaries
    Membership
    American Society of Pension Professionals & Actuaries
    The American Society of Pension Professionals & Actuaries is the premier educator and policy advocate for over 7,500 career professionals actively engaged in the retirement plan industry.
  • 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 Thomas Laessig

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Answers

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I have about $20,000 after tax $ in my 401k. I have about $10000 I am paying on a PLUS Loan at about 7%. Can I withdraw the $10000 from my 401 K to save paying the higher interest rate on my Parent Loans? Would my 401k have a penalty or growth suspension?
You may be able to take your after-tax contributions immediately depending on what the document states. I think you are considering a distribution figuring the after-tax contributions will not be taxable. In fact, the gain on the after-tax contributions is pro-rated and you will pay tax on the por...  (more)
Answered Feb 2013
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.?
Another consideration involves social security. Depending on your marital situation and other factors, you may want to postpone social security until age 70. Spend your 401k plan now and accumulate more social security credits. Doing so will increase your age 66 benefit by about 130%. ...  (more)
Answered Feb 2013
We are changing 401k providers. Do I have to "accept" the Financial Advisor that ADP is providing or can I interview several and select the one I like?
Beware of record keepers that have created a commodity service. In other words, the provider offers 401k recordkeeping as an additional service at a very low cost. They hire the minimum number of employees and use systems that can automate all functions. While recordkeeping service has gotten bet...  (more)
Answered Jan 2013
Can I convert my 401k account into a Roth IRA in part, by opting to pay taxes when I am still with the company I work for?
Naren, you must take an in-service distribution and your plan must allow you to do it. For 401k contributions, you must be age 59 1/2 or older to take a distribution. Once you take the distribution, roll it to a traditional IRA. From there, you can convert the traditional IRA to a Roth IRA. You ...  (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.?
The previous 2 advisers are correct. Your 401k account is protected from the company's creditors. However, the normal procedure will be for the company to terminate the plan. The termination will be completed by a third party administrator (TPA). It is often difficult for the TPA to get paid the...  (more)
Answered Feb 2013
I'm on a committee to recommend a 401k policy for my firm. We've been discussing whether to automatically enroll all employees (they could opt-out), and also to auto-increase contributions with raises. What are the costs and benefits to these policies for our firm and employees? And are there rules
Liam, if you make the plan a QUALIFIED automatic enrollment plan, the 401(k) ADP discrimination is deemed to have passed. This will allow your higher paid employees to contribute more into the plan.The only additional cost would be more company match since there will be greater participation and c...  (more)
Answered Feb 2013
    *Answers are submitted by advisors without compensation.

    Licenses & Conducts

    SEC
    U.S. Securities and Exchange Commission
    • license status
      Registered
    • disclosures
      None
    • as of date
      Jul 22, 2019
    FINRA
    FINRA
    • license status
      Not registered
    • disclosures
      None
    • as of date
      N/A
    Review the status and details of the disclosures noted above using the SEC's Investment Advisor Public Disclosure website:

    Assets

    Advisor

    Last updated on July 22, 2019
      • $35.0M
        Total Assets Under Management
      • $0
        Total Assets Under Advisement
      • 68
        number of clients
      • $514.7K
        Estimated Average Account Balance Per Client

    Fidelity Federal Planning Corp.

    Last updated on March 23, 2017
      • $41.1M
        Total Assets Under Management
      • N/A
        Total Assets Under Advisement
      • 101
        Accounts
      • $406.7K
        Estimated Average Account Balance

    Fees

    Fee Only Advisor
    $
    This advisor has certified that they are compensated soley by their clients, and do not accept commisions or compensation of any kind based on the products they recommend.

    Types of Compensation Arrangements