- -Estate Planning
- -Comprehensive Financial Planning
- -Retirement Planning
- -College Planning
- -Charitable Planning
- -Other Financial Planning
- -Tax Planning
- -Life Insurance
- -Health Insurance
- -Long-Term Care Insurance
- -Individuals and/or Small Businesses
Funds Used With Clients
Firm Client types
|Keystone Financial Advisory, LLC||7 years||Apr 2013 - Present|
|Pnc Investments||2 years, 6 months||Jul 2010 - Jan 2013|
|Ameriprise Financial Services Inc.||1 year, 1 month||Jun 2009 - Jul 2010|
Designations & Memberships
Articles and Answers
Insights by Elwyn Hopkins
AnswersAsk a financial questionAsk a question
|Where is the best place for me to invest my soon to mature large retirement CD given the current market situation?
Hello Tom, when looking into the dark recesses of retirement, it gets scary. You have to invest to get income from your money and you need to grow the money to create the ability to increase income due to cost of living increases. When looking at your situation there are two categories of basic ex...  (more)
Answered Dec 2013
|RMDs - What's the purpose?
Hello Colin, you are correct in your reasoning for the RMD. If the government did not have restrictions on the contributions and the withdrawals some people might put all of their earnings in an IRA and never take it out, thus leaving the government without an income. Heavens! However, you can st...  (more)
Answered Nov 2014
|How do I check my 401 k?
Hello William, I am assuming you mean how do you check the balance of your money in your 401(k). If you just want to check out your plan in general, then as Pam suggested you can go to the BrightScope homepage and look over your plan compared to the company's peer group. Companies with 401(k) plan...  (more)
Answered Jan 2014
|How do I cash out my 401k?
Hello David,as mentioned above you need to contact the custodian of the 401(k) and ask for the procedure to get your money. But first you need to consider your financial situation and your tax situation prior to taking your money. For example, any distribution to you where you use the money will be...  (more)
Answered Apr 2014
|Deferred Variable Annuities?
Hi Colin, first congratulations on being so diligent in planning for retirement. It is wonderful that you are able to max out your 401(k) and IRA. Your next step as you asked is how can you do more? I assume that you have plenty of cash reserves - 6 months of expenses - and that you have taken care ...  (more)
Answered Jul 2014
|I recently retired. Five months before retiring, as a part of a diversification process, I sold stock from my 401k.
Hello David, the net unrealized appreciation (NUA) is the appreciation of company stock within a employer sponsored retirement plan. When you received the company stock there was a value associated with it. When you choose to employ the NUA tax strategy, you must take out the company stock in kind...  (more)
Answered Dec 2013
|OverSaver Needs Assurance! Wondering what 401k contribution % to drop down to?
Hi Colin, you are to be congratulated on your savings habits! It sounds like you have carefully thought out your retirement. Who knows what retirement will be like in 2048. Will the retirement age for Social Security increase or will it even exist? As you know retirement savings has shifted from...  (more)
Answered Jul 2014
|I want $20,000 from my 403b. Should I do it as a 5 yr loan @ 4.25 interest, or as a withdrawal and pay the taxes now?
Hi Dwight, as indicated above the question you ask does not have an easy answer. Using your retirement savings as an ATM is NOT a good idea. However, sometimes it does make sense to borrow against your 403(b) account if the plan will allow it. The basics are you can take out a loan for 50% of you...  (more)
Answered Dec 2014
|How do I apply for dec. husbands 401k plan?
Hello Mary, you have my condolences. The way to get the 401(k) has been outlined very well by John and Brian. However, this is one piece of a larger financial situation. Whenever you have a life changing event, it is an excellent time to assess your current financial situation and plan. There ar...  (more)
Answered Sep 2014
Licenses & Conducts
Keystone Financial Advisory, LLC
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