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  • Financial Planning
    • -Comprehensive Financial Planning
    • -Retirement Planning
    • -College Planning
  • Insurance
    • -Life Insurance
    • -Health Insurance
    • -Long-Term Care Insurance
  • Pension Consulting
    • -401k
  • Portfolio Management
    • -Individuals and/or Small Businesses


Funds Used With Clients

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

Firm Client types



No timeline events available.
Employer Years Dates
Purshe Kaplan Sterling 5 years, 1 month Jun 2010 - Jul 2015
Securities America Advisors, Inc 9 years, 5 months Jan 2001 - Jun 2010
Wander Financial Services 19 years, 2 months Dec 2000 - Present
Securities America, Inc. 9 years, 6 months Dec 2000 - Jun 2010

Designations & Memberships

  • Financial Planning Association
    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.
  • Certified Financial Planner
    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.

Articles and Answers

Insights by Robert Wander

Financial Planning - "Simple but not Easy"
Published 2015-12-12 08:35:09
    *Articles are published by advisors without compensation.


    Ask a financial questionAsk a question
    My 401k does not match. The money market fund it offers charges me a hefty fee to park money in it and pays zero return (in these times of low interest). Can I stop contributing to the 401k and start putting that contribution into and IRA with a discount broker and maybe be able to invest in individ
    Above responses are all spot on but one thing I'm confused about Ross. You indicate that the 401k doesnt have a positive-yielding money market fund after expenses but then ask if you can go outside the 401k to invest in stocks. If your goal is to invest in stocks, then why not invest in the equity...  (more)
    Answered Oct 2012
    When I convert my regular IRA to a Roth IRA, do I have to pay the taxes all at once?
    Yes, you do need to pay in the same year. When the regulation removing the cap on income for Roth IRA conversion first went into effect in 2010, there was a one-time opportunity to defer the tax, half to 2011 and half to 2012 but that is no longer in effect....  (more)
    Answered May 2012
    Solo 401k?
    Like most financial decisions, there are pros and cons to the various options but boiling it down, individual 401k allows for greater contributions at the same income level and also allows for loans up to 50% of acct balance whereas a SEP-IRA (which would be the IRA of choice for most business owner...  (more)
    Answered Jun 2012
    I have $41,000 in a 401K and am paying 1.5% in fees alone ($620 last year). I'm only able to contribute $4K per year. So, right off the top 15% of my contributions cover only fees. Can my employer find a cheaper provider?
    Robert-as to whether the fees are reasonable, that depends on the amount of assets in the plan. When you say your employer is a small company, $7mm in size, are you referring to company revenue or assets in the plan. If the latter, then for 401k providers in the small and mid-sized market, they are...  (more)
    Answered Nov 2012
    What's the best distribution between college savings and retirement savings?
    Rules of thumb are tricky as one's individual circumstances always need to be taken into account but as a starting point for someone in their thirties, I would start from a baseline of 2/3 retirement, 1/3 college. While the college expense will occur much sooner, the amount needed is a fraction of ...  (more)
    Answered May 2012
    What's a safe withdrawl rate for retirement?
    Without sounding too self-serving to the profession, you owe it to yourself to discuss this with an experienced financial planner. While rules of thumb can be good starting points, there are many factors that go into each person's particular situation and this is too critical of an issue for you to...  (more)
    Answered Aug 2012
    How do I get more affordable health insurance?
    Just to reiterate what's been said above, if you have access to an employer-provided policy, that will always be better than an individual or self-employed arrangement due to the leverage of group rates, and in my experience, they are also better than association policies. That being said, insuranc...  (more)
    Answered Oct 2012
    Laid off at 55 1/2. I understand that I won't be penalized if I have to use some 401 k money but am a bit confused.
    One other detail - in my experience, 401k plans generally do not allow an employee to do a partial transfer and leave remainder in 401k so it has to be all or nothing. That said, you could take a distribution in part as cash and roll over the remainder to an IRA but per prior responses, if you want...  (more)
    Answered Dec 2014
    Is life insurance taxable?
    Generally speaking, and presumably in the case of your grandmother's policy, life insurance is not income taxable. Depending on the ownership of policy, it may or may not be includable in her estate and thus could be estate taxable but based on how you've described her situation, it doesnt sound li...  (more)
    Answered May 2012
    I am set to retire October 1, 2016. Should i continue to do the age 50 catch up retirement max into my 457b plan?
    If you're not planning to immediately take distributions from any pre-tax retirement accounts and you have the cash flow to add to your savings, then yes you should max out on your allowable contributions as the same benefit of tax-deferral applies to the Catch-Up as to the rest of your contribution...  (more)
    Answered Feb 2016
    Should I withdraw money from my brokerage account to invest in a Roth IRA and pay off a loan?
    It's hard to give a blanket answer without knowing much more about situation including your age but a few thoughts: As between your stock holdings (which by the way, not clear how you can predict that they "make" 5% as stocks can be very volatile and impossible to predict their rate of return) and ...  (more)
    Answered Dec 2015
    I would like to withdraw funds from my 401k how do I go about this?
    also if you are under 59 1/2, unless your plan allows for in-service distributions without an age limit, aside from a loan, there are strict limitations in your ability to withdraw funds while employed there-Hardship Distributions are allowed in only very limited instances...  (more)
    Answered Dec 2014
    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?
    Also remember it's not a "loss" unless you sell, though that doesn't negate the validity of your question...  (more)
    Answered Dec 2015
    Is ok if I contribute 2% traditional 401k and 6% roth 401k? Is this a good mix or where I should I be contributing more?
    You are in a low tax-bracket so that would argue in favor of a Roth 401K as a current tax deduction is likely to be lower than the tax benefit you get when withdrawing the funds tax-free from a Roth at retirement.My only question would be whether you are able to contribute 8% to your retirement pla...  (more)
    Answered Dec 2015
    How do I determine traditional 401 vs. ROTH 401?
    There's no absolute right or wrong here-couple of things: If your current cash flow situation is tight, then a traditional 401k with current tax deduction might be more advantageous. Alternatively, if you have excess cash, then the ability to fully fund a Roth may give you a greater after-tax resu...  (more)
    Answered Jan 2016
    Insurance Gap between job change?
    Despite the lack of penalty, I would strongly suggest enrolling in Cobra for this brief period ...  (more)
    Answered Oct 2015
    I would like to know what happened to my 401K investment. I was contributing with the company for a year or so in 2005-6?
    Since it sounds like you dont have any old statements, best to contact Human Resources at your old firm and they can give you contact # for the institution where the 401k is held...  (more)
    Answered Feb 2016
    I have a 401K through Things Remembered. I no longer work with them. How do I go about getting my money out of my 401K ?
    there should be a phone # on a statement that you can call to request a distribution or contact HR at your former employer...  (more)
    Answered Jan 2016
    On which date will pension payments for November enter checking account?
    If the payments are just starting, there are undoubtedly forms that you need to complete with employer in order to set it up so definitely check with HR if you havent already...  (more)
    Answered Dec 2015
    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?
    Also remember it's not a "loss" unless you sell, though that doesn't negate the validity of your question...  (more)
    Answered Dec 2015
    How do I get my 401k from an employer I'm no longer employed with?
    If you have a Financial Advisor, they can do a conference call with you and the institution where your account is held at. Depending on the firm, they may process request over phone, online or by form and a Financial Advisor can make sure everything is done correctly...  (more)
    Answered Jan 2015
    Is it possible to borrow money from my 401K and pay it back monthly over time?
    yes, that is generally how a 401k loan payback works, through automatic salary reduction each paycheck....  (more)
    Answered Jan 2015
    I am set to retire October 1, 2016. Should i continue to max out my 457b plan?
    In addition, that's additional savings for retirement that in most cases would otherwise have been consumed so you'll have that much more in your retirement plan...  (more)
    Answered Jan 2016
    IRA, 401k & SEP IRA. Can I have it all?
    If you are contributing to a 401k, you can also contribute to a sep-ira for self-employment income but only up to 20% of your self-employment income. Are you maxing out on your 401k-if not, probably easier to just contribute to that for now. ...  (more)
    Answered Feb 2016
    401k withdrawal denied?
    Ask for a copy of the Summary Plan Document where this will be spelled out. Generally, distributions are available upon termination but not always...  (more)
    Answered Jan 2016
    How do you find out how much is in your 401k account?
    If it is with current employer, you should be getting quarterly statements or you can access online; if a former employer and you're not getting statements, best to connect with the HR dept or if you recall what institution the account was held at, call them...  (more)
    Answered Dec 2015
      *Answers are submitted by advisors without compensation.

      Licenses & Conducts

      U.S. Securities and Exchange Commission
      • license status
        Not registered
      • disclosures
      • as of date
      • license status
        Not registered
      • disclosures
      • as of date
        Oct 19, 2015
      Review the status and details of the disclosures noted above using the SEC's Investment Advisor Public Disclosure website:



      Last updated on Oct. 19, 2015
        • $45.0M
          Total Assets Under Management
        • $0
          Total Assets Under Advisement
        • 60
          number of clients
        • $750.0K
          Estimated Average Account Balance Per Client

      Wander Financial Services, LLC

      Last updated on April 10, 2019
        • $55.5M
          Total Assets Under Management
        • $0
          Total Assets Under Advisement
        • 141
          number of clients
        • $393.5K
          Estimated Average Account Balance Per Client


      Types of Compensation Arrangements