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



No timeline events available.
Employer Years Dates
Conestoga Wealth Management (158981) 8 years, 2 months Nov 2011 - Present
Conestoga Wealth Management 8 years, 8 months May 2011 - Present
Walnut Street Securities 5 years, 2 months Sep 2006 - Nov 2011

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 David Kring

    *Articles are published by advisors without compensation.


    Ask a financial questionAsk a question
    If I retire in '14 at age 55 and roll the lump sum pension into my 401k will I need to pay 10% penalty on withdrawals?
    As long as the lump sum is rolled directly into the 401k via direct transfer to the plan or you send in a rollover check yourself within 60 days, you would not have to pay the 10% penalty for pre 59 1/2 withdrawals. However, you need to make sure of two things before you do this. First, does your 40...  (more)
    Answered Sep 2013
    If I retire in '14 at age 55 and roll the lump sum pension into my 401k will I need to pay 10% penalty on withdrawals?
    let me also clarify, that you are just referring to only getting penalized on the rollover to the 401k and are not planning on withdrawing the money right after you do that....  (more)
    Answered Sep 2013
    How can i cash in my retirement?
    Even if you have reached that magical age of 59 ½ and can avoid the extra 10% penalty on withdrawals, if you cash out your retirement account you will be triggering a taxable event. I, of course, am making an assumption on the limited information provided in the question that you are not just moving...  (more)
    Answered Jun 2013
    I am retiring in February. I will receive a lump sump payment from my 414(h) of $105,000.00 before taxes. I want to pay off my car loan, put a large down payment on house and have some to survive on until Social Security Disability kicks in. is there a way to do all of this and not loose $29,000.00
    Hi PatrickYou can roll your 414 plan into a personal IRA which while in the IRA will be protected from that huge tax bite; however, in order to pay off your car, and make a sizeable down payment on a house, you would need to remove it from the tax shelter of the IRA and it would get taxed. As far a...  (more)
    Answered Jul 2013
    Is putting your money in a universal life insurance with cash value the most efficient way to save for retirement ?
    Raul, there are a lot of insurance agents out there that think this is the best thing since sliced bread, or at least sell it that way. The truth is one of the reasons they push these insurance products as retirement vehicles is because they make enormous commissions off them. Yes, I mean it, Enorm...  (more)
    Answered Mar 2014
    Education -529 - good or bad?
    Some very good points here. I would add that a common mistake I see is that parents gift money to a child in the form of a 529 UTMA account (Uniform Transfer to Minors) whereby if the child reaches the age of majority and doesn't want to use it for school, he or she can cash it out with the tax and ...  (more)
    Answered Jun 2013
    We are a growing Broker Dealer and recently we have had many a phone call from our clients requesting us to review their Health Insurance policies with either their group or personal coverage. Is it worth my while to get my agents licensed with a carrier?
    Hi Andrew,Several years ago, after I obtained my insurance license, I helped a small group to get health insurance. Through the many years since that they have had group coverage, I made many mistakes, especially early on with the initial design. The only reason they didn’t get rid of me back then ...  (more)
    Answered Aug 2013
    How do I go about retriving my "deferred vested benefits" from a company that will not reply to my inquiry?
    Edward, the company's form 5500 lists a Charles Ball as the plan administrator from their Philadelphia office...  (more)
    Answered Jun 2013
    Do you have any tips and strategy to share in any asset trading?
    There’s a chart that many of us financial planners refer to commonly known as the periodic chart of asset classes. It’s kind of like a periodic chart of elements in chemistry. It shows how a multitude of asset classes perform in relation to each other over time. The point of it is that when you exam...  (more)
    Answered Jun 2013
    401k plans, what is the maximum you can contribute in 2013, I am 59 years old.
    For 2013 you can contribute $17,500, and since you are over age 50, you can participate in what is called a "catch up" contribution of an additional $5500, for a total of $23,000 for 2013...  (more)
    Answered Aug 2013
    After leaving my company how do I get my 401K out to roll over into another plan?
    You should be able to get that information from your HR person at your company. Usually, the 401k plan will have paperwork of its own that needs to be submitted and signed off by your company that the rollover or distribution is allowed by something like separation of service, attainment of age, etc...  (more)
    Answered Apr 2014
    Can I make a spousal IRA contribution to an IRA my wife set up as an individual while she was working?
    You’ve stumbled into a very interesting question, where in addition to financial planning, some tax planning may be needed as well. As a CFP®, I cannot offer Tax advice, but can help with some guidance on how you may want to consider proceeding. According to, since you are covered by a qua...  (more)
    Answered Mar 2014
    I want to borrow against my 401k plan?
    Good points above from John and Rich. I agree with them that unless there is no other choice its generally not a good idea. But if you have to do it, there is one other point to beware: make sure your job is secure. If you leave your job for any reason, you have to pay back a loan in only a few shor...  (more)
    Answered Apr 2014
    Can I borrow money from my 401k?
    If all else fails, depending on your age, amount in your 401k and the plan itself, you may be able to set up what is called a substantially equal periodic payment, sometimes referred to as 72(t), the IRS code to which it refers. It could help you avoid the 10% penalty on a withdrawal, but I only rec...  (more)
    Answered Jun 2013
    Will an annuity carrier accept an Inherited IRA transfer from a brokerage account?
    Anthony, I agree with most of the other advisers here on the need for an annuity; when it comes to an IRA, they're kind of like putting training wheels on a sports car... they're unnecessary and they sure do slow you down! In addition, an account worth $100,000 that is invested in only 50 different ...  (more)
    Answered Apr 2014
    I have been informed by Social Security Administration I am invested with your company and told the value of my account is approximately $6,247.00. If so, I would like to transfer to my IRA account with another firm. How do I go about doing this?
    Hi LindaIm not sure what your question pertains to, but the Social Security Admin would not likely contact you about a private account you had with some company. You may want to proceed with caution that those who contacted you are not identity thieves or some type of 'phishing scheme'...  (more)
    Answered Aug 2013
    Are funds that guarantee a rate of return a wise investment?
    Hi Linda, Its generally not a question of whether it is good or not, but whether it is suitable for you. There's not a lot of information you gave, but I am going to guess that you are talking about an annuity, and the 5% guaranteed rate of return is not necessarily the interest rate on the growth o...  (more)
    Answered Mar 2014
    What is the average price for an ERISA 3 (38) investment manager?
    It depends on the size of the assets under the plan. The 3(38) fiduciaries We use in my planning firm usually start at 0.30% on assets annually and the cost goes down as assets increase. On $100 that would be an annual fee of 30 cents...  (more)
    Answered Jul 2016
    An advisor told me to go to cash on Dec 31. My question is when should I get back in?
    Was the money for a specific purpose? If not, then I find it hard to understand why any advisor would tell you to put your investments (which should be allocated in a diversity of different assets) to put it all into one asset that historically is the lowest performing asset over long periods. ...  (more)
    Answered Jan 2014
    Are individual bonds of great companies, i.e. Toyota, Chevron, AT&T a safer place to keep your investment versus, Dreyfus Bond Index, Vanguard total Bd ETF, I shares core total US Bond Market. My bond account lost over 5% May 21 - June 30.
    Larry, I would add that you may want to consider staying away from bonds with a longer time to maturity. The longer the bond duration (or in terms of a bond fund, the longer average maturity of the fund) the more interest rate sensitive they are, which translates to a higher risk and potential loss ...  (more)
    Answered Aug 2013
    For putnam investment trust of 5000 how much can I cash in and what are the penalty?
    Leakhema, We would need more information on what type of account it is. If its a traditional or Roth IRA and you are under 59 1/2 years old, there would be a 10% penalty. If the Putnam is a sub account in a variable annuity there could be other penalties. Contact your advisor and ask what type of pe...  (more)
    Answered Dec 2013
    I would like to borrow money form my 401K. How much is available for me to borrow?
    Anthony is essentially correct, however, I would add that your plan would have to offer loans. Not all plans do (after all employers are encouraging you to save for retirement), so check with your Plan administrator on the plan rules....  (more)
    Answered Apr 2015
    I have $30K in a 403b at an old employer. Insurance salesman is suggesting rolling that into a variable annuity. Thanks?
    Generally a variable annuity is really the salesman! He will get a great commission. For you, on the other hand, the benefits are not so great. There is generally no advantage to you since your 403B can be rolled into your own IRA with the same tax deferral. Further, since you have ...  (more)
    Answered Sep 2013
    We would like to submit an RFP for invtmnt advry srvs for a DCplan. Can u provide us a scope of work doc template?
    Hi Douglas, I don't believe I can attach anything to this answer area, but if you email me your contact information to , I can send you one of the docs my firm uses for basic information to begin the process in order to provide a detailed proposal. However, one of the wa...  (more)
    Answered Dec 2013
    Who offers the best 401k options and lowest fees in the industry currently?
    Setting up a 401k for any company should be done with the utmost due diligence, especially in the increasingly litigious company retirement plan arena. In my opinion, you should seek out professional guidance to assist you in designing a plan specifically tailored to the needs of your group. I have ...  (more)
    Answered Sep 2016
    Is it possible to borrow money from my 401K and pay it back monthly over time?
    First let me say, don’t do it unless absolutely necessary.But now that I’ve said that, It depends on a few factors. not all 401k plans allow loans in their rules; yours must allow them in order for you to take a loan. Also, you need to be currently working at the company where your 401k is to appl...  (more)
    Answered Jan 2015
    I have two jobs and I am 56 yrs old. Is it possible I can max out my 401K for each job, i.e. $ 23,000/- each total $ 46,000/- or only maximum of $ 23,000/- combined from each job. Pls clarify. Thanks Thomas?
    Thomas, If the goal is to increase your tax deferred savings, you could also consider contributing an additional $6500 to an IRA for 2013 ($5500 plus a $1000 over 50 catch-up). Of course if your adjusted gross income is over a certain threshold, which I suspect it may be since you’re otherwise able ...  (more)
    Answered Jun 2013
    Ok I have 4 IRA's, is it best to combine them all into 1 IRA or an Annuity?
    If you are referring to a 5% match that you had in your retirement plan at work, the above answers are correct; that is offered by an employer and you will not get that if you are funding your own traditional or Roth IRA (If its a simple IRA from your employer there may be a 2% or 3% match but it do...  (more)
    Answered Jul 2013
    Where is the best place for me to invest my soon to mature large retirement CD given the current market situation?
    Tom, This is a great question. I’d like to start by asking you, have you ever taken a long car trip to places unknown without a roadmap? For the same reason most would answer ‘no’, I’d say you need to have a financial plan in place for retirement, and seek out the guidance of a certified financial ...  (more)
    Answered Dec 2013
    Age to take cash balance withouth penality?
    Chris, the penalty applies if you withdraw pre 59 1/2. There are other options of rolling it into an IRA if you are younger than that. However, if you are still employed by the company that offers the cash balance plan, they will likely have rules that say it cannot be touched until the age of retir...  (more)
    Answered Jun 2014
    How do I find out if Exelon's 401(k) permits partial in service transfers?
    Also if you ask the HR Person, you may want to confirm what they tell you, as I've found many are not really sure. You can request what is called the 'Plan Document' and look in there on the ability to allow for distributions while still in service. It may also be in the SPD document or 'Summary Pla...  (more)
    Answered Jul 2013
    Some of us out here are just dropped into doing financing, we really only want to keep it simple.
    Hi LeotaI'm not sure what you are trying to do with the website, but this is the area to ask a financial planning question. If you are looking to compare a company retirement plan you can always call Brightscope and ask them to guide you through the process...  (more)
    Answered Mar 2014
    How do i search for my current 401K loan?
    If it is a current 401k, you can go to your HR department or if with a small company, ask your boss. If from a former employer, call them ...  (more)
    Answered May 2015
    If I want to withdraw money from my 401K from the account where I no longer work, must I rollover the 401K into an IRA?
    Peter,Generally if the account balance is over $5000, then they cant force you to move the money. I agree with Joseph, it may be in your interest to move it anyway, as you have many more options and can possibly seek professional advice and management. Also, if you do want to roll it to your own I...  (more)
    Answered Aug 2013
    I'm paying a financial advisor 1.5% plus a $750 annual fee to manage my 450K portfolio. Is this too much?
    David. For nearly half a million dollars, It is too high, period! Whether it is discretionary or non discretionary, Whether strategic or tactical, its all too high. If someone says for instance you should pay more because Im going to attempt to protect you from market downturns or turmoil, then you ...  (more)
    Answered Jun 2014
    Can you tell me why Verizon says I cannot have vested pension now at age 62 yrs 4 months? have to wait until age 65?
    without seeing the Pension contract, I cannot be sure, but they probably mean you cannot touch the funds, or annuitize the pension(begin receiving payments) until age 65...  (more)
    Answered Apr 2016
    I would like to obtain the dashboard information on prior years. What shows is for 2011. Can I get 2010 and 2009?
    Hi BrianI'm not sure what you're asking. I suspect it may have something to do with either a retirement plan or individual account statement or on-line account screen. If that's the case, it is best to call and ask either your HR person at work (in the case of a company retirement plan) or your acc...  (more)
    Answered Jul 2013
    170K annuity for MIL, 77. Take 1650/10 yr, or 1150/10 yr + lifetime? Can lock @ 3%. Take 10/yrs, or 10 plus lifetime?
    Another relevant question is, has she considered other options than simply annuitizing this money and giving the entire principal to an insurance company? Does she want to leave any to her heirs? History has shown that a properly diversified portfolio can obtain better results than most annuities wh...  (more)
    Answered May 2014
    Who offers the best 401k options and lowest fees in the industry currently?
    Setting up a 401k for any company should be done with the utmost due diligence, especially in the increasingly litigious company retirement plan arena. In my opinion, you should seek out professional guidance to assist you in designing a plan specifically tailored to the needs of your group. I have ...  (more)
    Answered Sep 2016
      *Answers are submitted by advisors without compensation.

      Licenses & Conducts

      U.S. Securities and Exchange Commission
      • license status
      • disclosures
      • as of date
        Nov 6, 2019
      • license status
        Not registered
      • disclosures
      • as of date
        Nov 6, 2019
      Review the status and details of the disclosures noted above using the SEC's Investment Advisor Public Disclosure website:


      Conestoga Wealth Management

      Last updated on May 10, 2019
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