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James P. Dowd, CFA

Trust, Knowledge, Experience

North Capital

San Francisco

CA

Contact Me

Overview

Services

Advisor Services

  • Financial Planning
    • -Comprehensive Financial Planning
    • -Retirement Planning
    • -College Planning
    • -Charitable Planning
  • Portfolio Management
    • -Individuals and/or Small Businesses
    • -Businesses or Institutional Clients
  • Other
    • -Selection of Other Advisors

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
North Capital Private Securities Corp. 8 years, 2 months Jul 2010 - Present
North Capital, Inc. 9 years, 11 months Oct 2008 - Present
Bear Stearns Asset Management 5 years, 2 months Sep 2003 - Nov 2008
Bear, Stearns & Co. 5 years, 2 months Sep 2003 - Nov 2008
North Capital LLC 4 years, 8 months Apr 1999 - Dec 2003

Designations & Memberships

  • American Institute of Certified Public Accountants
    Membership
    American Institute of Certified Public Accountants
    The American Institute of Certified Public Accountants (AICPA) is the world's largest association representing the accounting profession, with nearly 370,000 members in 128 countries. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting; membership is also available to accounting students and CPA candidates. The AICPA sets ethical standards for the profession and U.S. auditing standards for audits of private companies, non-profit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination.
  • Chartered Financial Analyst Institute
    Membership
    Chartered Financial Analyst Institute
  • 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.
  • Chartered Financial Analyst
    Designation
    Chartered Financial Analyst
    Widely considered the gold standard for investment professionals, this six decade old charter is only given to designees who can demonstrate competence, integrity, and dedication to the field of investment management.

Articles and Answers

Insights by James Dowd

Year-End Portfolio Review
Published 2012-12-19 09:33:37
Quantifying the Benefits of a ROTH Account
Published 2012-02-10 08:45:54
529 Plans
Published 2012-02-09 14:20:28
    *Articles are published by advisors without compensation.

    Answers

    Ask a financial questionAsk a question
    Should we take out a 15 year loan to reduce out total interest costs?
    Letitia - What a great question. The answer depends upon two distinct but related factors: (1) 15 year mortgage rates are typically less than 30 year mortgage rates, due to the faster amortization schedule and the fact that the interest rate yield curve is generally upwardly sloping (longer term f...  (more)
    Answered Mar 2012
    Is a bi-weekly mortgage a good idea?
    You should contact your lender to learn how they treat additional payments of principal. Some lenders will immediately credit your principal balance, thereby reducing your future interest obligation. I have seen other lenders apply such payments towards the next regular monthly principal and inter...  (more)
    Answered Mar 2012
    2nd marriage; no prenup but maintained seperate finances, investment; now retired and process of divorce; how can I protect my 401k??
    Kay - I am very sorry that you are going through this.Where you live, your total assets, and how your assets have grown during your marriage are all factors that are likely to affect your negotiating position. The fact that you have additional beneficiaries on your 401k is not not likely to make...  (more)
    Answered Sep 2012
    Should I invest in gold?
    As you can see from the responses so far, there is a range of opinions on whether gold and other commodities should even be included in a diversified investment portfolio. Historically, gold behaves more like a currency than a commodity because it is traded by speculators and investors much more th...  (more)
    Answered Jan 2012
    My advisor wants to have a meeting at my home...should I?
    Remy - I frequently meet clients at their homes, but it is ALWAYS at their request, never at my request. I might say something like "I am available to meet you at your home or office, if that would be more convenient for you," but I would never suggest a meeting at a prospective client's home wit...  (more)
    Answered May 2012
    Where should I put my riskiest holdings, taxable or tax-sheltered portfolio?
    I must respectfully disagree with anyone who says that asset location does not matter. Asset location matters very much, especially over a long time horizon. Moreover, the increase in availability of ROTH accounts since the income limits were lifted for ROTH conversion a couple of years ago, has m...  (more)
    Answered Sep 2012
    Invest at home or invest abroad?
    The advisors here have provided sage advice. You might be interested to see how different markets have performed over the last ten years (http://blog.northcapital.com/norcap-return-box-2001-to-2011), not because you can or should use past performance to gauge the probability of future return, but t...  (more)
    Answered May 2012
    What are the advantages of using a commission based financial advisor?
    Fifteen years ago there were advantages to working with a premier wirehouse in a commission-based relationship: access to products and services, liquidity, reporting, and support. Today the playing field has become level, and fee-only advisors generally have access to better investment products a...  (more)
    Answered Mar 2012
    How do I know if I'm borrowing money the most efficiently?
    Borrowing efficiently means using good judgment and common sense when taking on debt. Here are some basic tips:(1) Do not borrow more than you can afford. If your cash flow would only allow you to make interest payments and not pay down principal, it's too much.(2) Pay off high interest rate ...  (more)
    Answered Apr 2012
    How much will I earn on my 401k investments? How do I use a retirement calculator?
    HI Monique - The other advisors have done a fine job of describing some of the many factors that affect individual investment performance. But if I read your question correctly, you are asking a general question about a target rate return for planning purposes. In my opinion, 5-6% would be a reaso...  (more)
    Answered Jul 2012
    Should I have a Roth 401k and a standard 401k?
    One consideration that is often ignored by advisors: annual contribution limits are nominal and not tax-adjusted. If your savings rate exceeds your 401k and IRA contribution limits and you have a long-term time horizon, then a ROTH could save you a considerable amount of money in future taxes. I ...  (more)
    Answered Apr 2012
    Is it a good idea to buy a foreclosure or short sale? Any risks?
    Clara, good question. A good realtor can advise you about the issues to consider in your state, so I would make sure to find a qualified professional to help you in your search.A short sale has a few risks that are unique. First, because the sale price is less than the outstanding loan amount, y...  (more)
    Answered Feb 2012
    Should both spouses have life insurance coverage?
    Dear Tanya - I would echo the advice of Bob and Eve. In developing a financial plan for a client, I consider expenses, not income, to determine how much life insurance coverage to purchase. Someone with no dependents may not need much, if any, life insurance. But if you have dependents, you need...  (more)
    Answered Mar 2012
    What does it mean by 401k risk profile?
    It is difficult to answer your question without seeing the report to which you refer. "401k risk profile" could refer to the risk of the underlying investments in a plan account. In general, a higher allocation to equities (through equity mutual funds) leads to a higher portfolio risk profile. Po...  (more)
    Answered May 2012
    Do I have to wait the 5 years to withdraw money from my Roth 401k tax-free if I was over 59 1/2 when I started contributing?
    You are always eligible to withdraw the amount contributed to a ROTH IRA without penalty, irrespective of the holding period or your age (i.e. you can contribute on Monday and withdraw the same amount on Friday). The 5 year rule applies to designated ROTH accounts and to earnings on contributory RO...  (more)
    Answered Jun 2012
    What's the best distribution between college savings and retirement savings?
    The order of contribution I generally recommend is:(1) To the 401k first, up to any match limit;(2) ROTH IRA next, up to the maximum contribution amount. If not eligible for a ROTH, then non-deductible IRA immediately converted to ROTH.(3) 401k next up to the contribution limit(4) 529 plan, as...  (more)
    Answered May 2012
    Do I have the right mix of investments?
    Amelia - First of all, congratulations to you and your husband on your new marriage. Second, your investment portfolio should be designed to meet your investment needs and goals. But what does this mean, exactly? You mention retirement, so I assume that this is your primary long-term goal at this...  (more)
    Answered Jan 2012
    What exactly is estate tax?
    Estate taxes are imposed by the federal government on the total assets or estate of U.S. citizens and residents when they die. For this reason, the term "death tax" has been coined to describe estate taxes in a pointed way. Currently in the United States there is an exclusion of $5 million ($10 mi...  (more)
    Answered Feb 2012
    When my mother started her 401k she listed me as beneficiary, but then her will says my grandmother inherits everything. Does one supercede the other?
    If there is a beneficiary stipulated for a particular retirement account (IRA, 401k, ROTH), the designated beneficiary will generally be entitled to the account, irrespective of a will or trust arrangement with general inheritance language. As Jonathan states, you should always check with counsel t...  (more)
    Answered Aug 2012
    What is the best advice you would give to a new startup CFO?
    Dear Nolan - Conserve your cash and plan for the worst. New businesses typically over-estimate revenue, under-estimate expenses, and are too optimistic about the time until the business will break even. Few businesses have failed because they did not spend money fast enough. Good luck to you!...  (more)
    Answered Jul 2012
    I've had bad luck with a financial advisor - I paid $600 and got a folder of charts depicting my financial situation and a sales pitch for a roster of insurance products. How can I ensure that my next advisor is worth his/her commission?
    Bronwyn - Apart from the recommendations that have already been given, you could search for an advisor who offers a money-back guarantee, or who does not take payment until your are satisfied with their work. Most important is to identify someone who is qualified to provide the type of advice that...  (more)
    Answered Aug 2012
    What happened to Hartford Life's plan to get out of managing retirement plans? Should we be looking for a new company to manage our 401k?
    Manuel - There are significant changes coming to the 401k landscape, due to new regulations governing service providers. The changes are generally positive for plan sponsors and participants, but they are shaking up existing relationships and business structures.Full disclosure: I work with new...  (more)
    Answered Aug 2012
    American funds.?
    American Funds tend to be quite expensive compared to alternatives that we recommend for clients. The funds are distributed widely through broker-dealers but are used less frequently by fee-only registered investment advisors....  (more)
    Answered Dec 2012
    Business gone awry?
    It is unfortunate that you had an acrimonious break-up with your business partner, but this does not nullify your mutual obligations under the law or pursuant to the company operating agreement, if there is one. If you are still an equity partner in the business, and your former partner is the tax ...  (more)
    Answered Mar 2012
    What are the top questions to ask a financial planner?
    Arianna - Please take a look at a financial guide I have posted to the Brightscope site, which includes ten questions you should ask before choosing an advisor. The list is adapted from the CFP Board of Standards and can be viewed here: http://www.brightscope.com/financial-planning/advice/guide/1...  (more)
    Answered Aug 2012
    Can I max out my 401k and max out My Roth ira?
    Your 401k limit and traditional (or ROTH) IRA limits are separate limits. As long as you have sufficient earned income, you can contribute to both a 401k and an IRA. If you are married, your spouse can also contibute to an IRA based on your earned income. Ed is correct that the ROTH phaseout for ...  (more)
    Answered Apr 2012
    Retirement plan question?
    Joan - the number you provided looks like an EIN, which corresponds with this plan: http://www.brightscope.com/form-5500/basic-info/62318/The-Park-Associates-Inc/63380/The-Empire-Retirement-Savings-Plan/ Contact the named administrator, Joseph Widmer, to find out more information about your accoun...  (more)
    Answered Mar 2012
    How do I know if my advisor is a Fiduciary?
    In addition to whether an advisor says they are a fiduciary, be sure to check the following:(1) How is your advsor registered - as a registered investment advisor representative, or as a registered representative of a broker dealer. If they are not registered at all, it's a red flag. If they are ...  (more)
    Answered Jan 2012
    Should I hire an accountant or use something like TurboTax to prepare my taxes?
    The answer to this question depends upon the complexity of your situation and your personal comfort level in doing much of the work yourself. Software and online tax preparation programs work very well for the vast majority of tax payers, with a key caveat. If the thought of navigating tax softwar...  (more)
    Answered Feb 2012
    What are reasonable fees for administering a 403b account, assets size is less than $5 million.
    Byron - I believe the fees are excessive. There is a weak correlation, at best, between the level of fees and the level of service. The recommendation to issue an RFP is a sound one. ...  (more)
    Answered Feb 2013
    What is survivorship bias?
    Bennett - Survivorship bias is not limited to mutual funds or even finance, but it can be a significant problem in analyzing mutual fund returns. When one looks back in time at a collection of statistical data to try to determine "what worked in the past," the data sets generally exclude assets tha...  (more)
    Answered Feb 2012
    I want to get a buyout on my 401k, its approx. $ 8400.00, i dont work for adesa anymore and could use the money, please let me know what i need to do to get my money out of the 401k, thank you, matt?
    Matt - you can always request a distribution through the plan record keeper, but if you are not yet eligible for qualified distributions (i.e. if you are younger than age 59 1/2), you will owe income tax on any amounts distributed, plus a 10% penalty, unless an exception applies. Some common except...  (more)
    Answered Mar 2012
    I recently read a book entitled "Jackass Investing" by Michael Dever. In it he debunk "investing Myths." What is your opinion of the book?
    Active managers are constantly searching for ideas and strategies that "beat the market," which seems to be the premise of Mr. Dever's book. There are any number of outstanding investors who have indeed found an edge, and some of them write books; Mr. Dever may be one of them. But there also are ...  (more)
    Answered Aug 2012
    Does the rent on my "free" apartment count as income?
    You should check with a professional tax advisor as to your particular facts and circumstances. The short answer is "it depends." The employer may not be required to include the value of housing in your wages if the employer provides the housing for their own convenience and requires you to live ...  (more)
    Answered Aug 2012
    How do I know how much of my donation is actually going to the mission of the charity?
    Dear Sadie - Eve's advice is spot on. Charitynavigator is a great place to start gathering information. Public charities are required to disclose financial information on Form 990 for their most recent fiscal period. You should review the Form 990 data and use it to formulate additional question...  (more)
    Answered Mar 2012
    If someone is on your site, I know they have all of the proper certifications, et. Does that mean someone like Bernie Madoff could be there and look ok? Did he have the same certs or not? If so, how can I be sure I am not picking another Madoff?
    Jim and Paul have given great advice. In short, know what you have, and know where it is. I would add a specific caution about private funds and other unregistered investment products, which seem to be proliferating as investors search for "safe" investments with "low risk." Fraud is pervasive in...  (more)
    Answered Feb 2012
    I need to know what I will need to do to start collecting my retirement from Navistar when I turn 65 years old; I'm currently 63.?
    Dear Mike -You should contact the Human Resources department at Navistar and ask for the individual who handles Defined Benefit Plan questions for retired employees. That person should be able to confirm your benefit amount and start date. You also should request a statement of benefits for your r...  (more)
    Answered Feb 2012
    How can I protect myself from frauds?
    Unfortunately, perpetrators of fraud are continually changing their tactics, so examining past examples will not necessarily protect you in the future. That being said, here are ten recommendations to help you avoid risk. 1) Ensure that your advisor and the custodian are independent of each other...  (more)
    Answered Mar 2012
    What's the difference between a redemption fee and a deferred Sales Charge?
    Another important point: sales charges are not included in the fund expense ratio, because they are not considered an expense of the fund. Redemption fees are typically paid to the fund, not the broker selling it. As such, they are generally considered to be a good thing for protecting long-term ...  (more)
    Answered Jun 2012
    Is it too late to invest in gold?
    Peter - I encourage you to read the active thread on the question, "Should I invest in gold?" that can be found here: http://www.brightscope.com/financial-planning/advice/question/1147/should-i-invest-in-gold. Your question is essentially a follow-up question about timing. As with all investment...  (more)
    Answered Mar 2012
    Are there benefits to investing in an ETF or mutual fund that invests in TIPS?
    The main benefit of TIPS is inflation protection. If you believe that inflation is likely to be a risk in the future, then TIPS could make sense for you as they have been designed to perform better than traditional fixed income securities. Personally, I advise my clients to avoid TIPS for the fol...  (more)
    Answered Feb 2012
    I make $113000 a year. I contribute the maximum amount to my 401K every year. I am 53 years old. Can I save another $6000 a year in an outside IRA and write that off my taxes?
    Hi James - You would not be able to make a tax-deductible contribution to an IRA. Here is the reference from the IRS website: http://www.irs.gov/retirement/participant/article/0,,id=188235,00.html. However, you would be eligible to make a partial contribution to a ROTH or to make a non-deductible...  (more)
    Answered Aug 2012
    Why should I work with a cross-border financial advisor from an advisor who solely operates in the US or Canada?
    "Cross-border financial advisor" is not any type of term of art or professional designation of note. Many advisors, including me, have clients with international connections: U.S. citizens living abroad, non-U.S. citizens working in the United States, individuals or firms with assets and/or liabil...  (more)
    Answered Jun 2012
    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.?
    Keith - As other advisors have noted, the issues around contributions and withdrawals to and from different types of accounts are complicated and ultimately depend upon your personal circumstances. You may wish to consult with a tax advisor or financial advisor to confirm what's best for you.In ge...  (more)
    Answered Aug 2012
    I have recently inherited some cash that I would like to purchase some investment property with?
    Jack - A 1031 exchange is typically used by someone who wishes to dispose of appreciated real estate that they own. By exchanging the appreciated property for other real estate (typically income-producing property) in a "like kind" exchange, the seller can defer realization of capital gains. This ...  (more)
    Answered Mar 2012
    What are the pros and cons of term vs. whole life insurance?
    Brian - As most of the other advisors have noted, term life insurance offers much better value than whole life. In twenty seven years I have never run across a case where whole life was a better option than term life. I would expand on this idea as follows:(1) the price of term life insurance va...  (more)
    Answered Feb 2012
    What is a Dutch Auction IPO?
    In finance, a Dutch auction refers to a market clearing process where the auction price starts high and declines until supply and demand are in equilibrium. Dutch auctions are used in a number of financial markets: U.S. Treasury auctions, auction-rate municipal securities, and most Japanese cash a...  (more)
    Answered Feb 2012
    What's the difference between a tax credit and a tax deduction?
    A tax deduction is an amount that reduces your taxable income, whereas a tax credit reduces your amount of tax owed.To illustrate, assume that you make $50,000 and are in a 20% tax bracket. A $2,000 deduction would reduce your taxable income to $48,000, and you would owe $9,600 in tax. A $2,000...  (more)
    Answered Mar 2012
    What is the difference between a SEP and a 401K?
    Jeff- a 401k plan will give you certain benefits compared to a SEP, one of which is that contributions may be made from the first dollar of income (on employee contributions). This can make a big difference in a year where your income is not enough to allow a full contribution, or if your employee...  (more)
    Answered Apr 2012
    Traditional 401k or Roth 401k?
    If you have 40 years until retirement, then in it is highly likely that the ROTH will be the better option. Even if tax rates drop in the future, your time horizon is so long and the value of the compounded returns is likely to be so significant, that the ROTH will be a superior option in most circ...  (more)
    Answered Jan 2012
    How do I transfer my funds?
    If your funds are held in an active 401k plan or 403b plan, generally you can transfer funds to a new plan or to a rollover account by contacting the plan administrator. They will require you to complete some forms, possibly to obtain a medallion guarantee, and provide recipient account information...  (more)
    Answered Dec 2012
    In a Community state like California, how is my property traeted like my house, when is titled as Joint Tennant, and when one of us passed away, do we get a 100% step up in basis?? Or just 50%??
    Thomas, I recommend that you consult with a tax attorney to address specific questions about specific assets. Property that is titled as community property generally gets a full step-up in basis. Joint accounts, generally get a 50% step-up. Retirement accounts (IRAs, ROTHs, 401ks) are excluded an...  (more)
    Answered Dec 2012
    Recently divorced and will be getting half of my exs 401k from PGE. I really need to use a small amount to pay off couple of bills. Will I have to pay a fee and if so what would it be?
    Hi Shelli - It depends on how your settlement is structured. Often times in the case of divorce, when a spouse is entitled to a portion of a retirement account such as a 401k, the court will issue a Qualified Domestic Relations Order or QRDO, specifying a beneficiary other than the account holder....  (more)
    Answered May 2012
    I have a small company with 65 employees and want to switch to the lowest cost 401K plan possible to give my employees the highest return on their 401k and not lose a significant amount of money long term due to high expenses. Can someone please recommend a plan with low costs?
    Ty - I am active in this space as an advisor to plan sponsors and plan participants, so my advice is based on my experience with clients and influenced by how we have chosen to structure our business.I would recommend that you interview several independent advisor / consultants and consider, at a...  (more)
    Answered Aug 2012
    How much do i have in my 401k plan.?
    Jerode - You should contact your plan administrator (get the number from your HR department) who should be able to give you the estimated value of your account and ensure that you receive periodic statements. Good luck to you....  (more)
    Answered Dec 2012
    I just set up a 401K for my small business. Can I fund it with stock from my personal account?
    No. This would be considered a prohibited transaction so is not allowed....  (more)
    Answered Feb 2012
    What should young professionals who leave the workforce temporarily do with their retirement plans?
    Victor's advice is spot on. Moreover, if you delay Roth conversion until a new calendar year when you are in grad school (and presumably making not much earned income), then your tax liability will be negligible. I do not think you need an advisor at this point; open a rollover IRA at Vanguard, ...  (more)
    Answered Apr 2012
    401(k) Plan Fees?
    Hello Nenia - I have an excellent benchmarking study that we have used to benchmark our own fee schedule and our clients' plans. It was prepared by a national consulting firm, and I would be happy to share with you. Email me at jdowd@northcapital.com and I will send it to you in PDF format....  (more)
    Answered May 2012
    Which financial planner designations are meaningful?
    I would like to expand upon on a few points made in other posts. First, CFA charter holders are required to develop proficiency in financial planning in addition to investment analysis and portfolio management. A significant block of the curriculum focuses on the role of planning (determining clie...  (more)
    Answered Feb 2012
    Should I sell my loss-leaders to decrease my taxes?
    Harvesting tax losses by selling securities that have declined in value can make sense if you have or will have realized gains, provided that transactions costs are not significant and there are other, comparable or better investments that you can make with the proceeds.If you do not expect to hav...  (more)
    Answered Feb 2012
    I have an old CD with a bank that I forgot about and the bank is no longer in existence. How can I get my money?
    Do you know whether the bank is not in existence because it was acquired, or because it became insolvent? Often times when a bank ceases to exist, even in a distress situation, the deposits are moved to a healthy successor bank. If you feel comfortable disclosing the name of the bank, it may be po...  (more)
    Answered Feb 2012
    How can I find out if I have money in a 401K with Florida Tile?
    Douglas: You should call the HR department of Florida Tile and ask for the phone number of their 401k Plan Administrator. Explain your situation (I assume you are a former employee) and that you wish to roll over any balance you have in the Plan. Once you contact the Plan Administrator, they shou...  (more)
    Answered Feb 2012
    As a young federal employee (25 yo) I am putting 7% into the TSP account. We now have the option of putting our funds into a Roth TSP (similar to a Roth 401(k)m not a Roth IRA. Can a Roth benefit me? What is a marginal Federal tax rate?
    Dena - Given your current tax bracket and time horizon, it is likely that a the ROTH option will offer you a greater overall benefit. You may wish to review this financial guide, which discusses the benefits of ROTHs compared to traditional, tax-deferred accounts: https://www.brightscope.com/financ...  (more)
    Answered Aug 2012
    How does having a non-profit affect my tax returns?
    I understand the question now, after re-reading the account the category and your specific question. Let me preface my answer by saying that I am not a tax advisor, so I cannot give tax advice. But this is my understanding based on personal experience in this area: the act of forming a 501c3 non...  (more)
    Answered Jan 2012
    Whats the difference between an interest rate and annual percentage yield?
    Chester - I know you asked about APR in the context of bank accounts. But with loans, the APR also takes into account the impact of origination fees and other up-front costs that increase the effective cost of financing....  (more)
    Answered Apr 2012
    Pre-tax/Roth 401k and Traditional/Roth IRA, what should I enroll?
    I have to challenge the conventional wisdom here. Given your stage in life, you are going to be investing for a very long time--- possibly 60 years or more. The power of compounding over such a time period is extremely powerful, and the ROTH option offers a critical benefit compared to traditional...  (more)
    Answered Feb 2012
    In your opinion which online brokers would you say are good for beginning investors and are low fee for ROTH IRA?
    I usually recommend Vanguard mutual fund accounts for self-directed investors. You do not need a brokerage account ~ it would probably raise your costs unnecessarily....  (more)
    Answered Aug 2012
    AM I able to write off the rent to a space for a non-profit?
    You should check with your tax advisor, but I believe the answer is no. You cannot take a deduction for the value of rent you did not charge, nor can you deduct the value of professional services that you provide at a discount or free of charge....  (more)
    Answered Aug 2012
    Should I exercise my "in-the-money" stock options?
    Greg- The answer to your question is: Probably not, unless you are planning to dispose of the stock to diversify your investment risk (a course of action that I would typically recommend to clients) or spend the proceeds. Here is my reasoning. (1) If you exercise your options, you will be requir...  (more)
    Answered Feb 2012
    What is the difference between itemized deductions and standard deductions when filing taxes?
    A standard deduction is exactly that: a standard amount that is available to everyone, regardless of specific deductions that may be available to you. In general, someone who does not have much in the way of itemized deductions (home mortgage interest, state and local income taxes, property tax, c...  (more)
    Answered Mar 2012
    I have a former employer offering a Lump-sum non-taxed amount of about $7200.00 coming from a previous employer. Is there anyway to rollover this money into a Roth IRA?
    Helen and Steve are correct. There is no problem rolling over the account. But logistically, you may find it easier to roll over the employer plan account to a traditional rollover IRA (not ROTH). Then, establish a ROTH at the same firm and convert some or all of the balance after you have checke...  (more)
    Answered Jul 2012
    How can I raise investment capital for my startup?
    Katya - You have a few options available to you. In addition to various types of financing, another option is to raise equity capital from friends and family through a private placement. The best way to explain an equity offering is that you are offering a share of your business in exchange for a...  (more)
    Answered Feb 2012
    Nondeductible IRA contributions conversion to Roth?
    If you have existing pre-tax IRAs, either from contributions you made in previous years or from old 401k roll overs, the decision about whether to convert your after-tax balances to ROTH requires some careful analysis of your specific circumstances, lest you end up with a nasty tax surprise.For ex...  (more)
    Answered Feb 2012
    I would like to be updated regarding my 401k. I have not heard anything in at least 2 years.?
    As Russ suggests, you should contact your HR department or plan administrator as soon as possible to ensure that they have current contact information for you. Then review your account balance and investment allocation ot make sure it is appropriate for your current circumstances.If you are no lon...  (more)
    Answered Apr 2012
    I'm looking for a source for share pricing information for the SMAs in the Microsoft 401k plan.?
    I would echo Jon Castle's comments. Data aggregation solves the problem if the account is OFX-compliant (meaning that it provides data in a format that can be consumed by one of the myriad of aggregation tools), but it can be a bit expensive depending on the nature of your practice. George's recom...  (more)
    Answered May 2012
    What are the top 401K plans for small businesses with 10 employees or less?
    There are a number of firms that can help you establish a low-cost, high quality 401k plan for your small business. My firm has a partnership with a wholesale provider to offer customized 401k plans to start-ups and small businesses (fewer than 50 employees), bundling a number of service providers ...  (more)
    Answered Mar 2012
    Can I purchase additional life insurance coverage?
    I recommend that you obtain multiple quotes for term life from a reputable broker who specializes in term life policies. I can give you several referrals if you contact me privately. Compare coverage terms and cost to your group life policy. Depending on your age and health, individual term life ...  (more)
    Answered Feb 2012
    How can i sell my common stocks to a friend longs drugs inc?
    Maurice - I just did some research on this issue. You may or may not be aware that Longs Drugs Inc. was acquired in 2008 by CVS in a deal worth about $71.50 per share. LDS is no longer traded.You should contact the transfer agent for CVS, explain that you own some LDS shares, and ask them where ...  (more)
    Answered Feb 2012
    What's a safe withdrawl rate for retirement?
    Sadie - there are three principal factors that will affect your withdrawal rate:(1) Your time horizon - effectively your life expectancy;(2) Your expected personal rate of return on your investment portfolio;(3) The terminal value, if any, that you wish to gift to your heirs.Of course it is p...  (more)
    Answered Aug 2012
    Will I have to pay taxes on consulting work income from my home country while in US on student visa?
    You should consult with a U.S. tax advisor, but if you are not a U.S. citizen or resident, then probably not. And even if you have a U.S. filing requirement, there is a good chance that you will owe little or no tax due to the foreign earned income exclusion. Review the IRS website http://www.irs....  (more)
    Answered Aug 2012
    Is a Roth IRA a good place to put emergecy funds?
    Thomas - Paul is correct: without more information about your financial circumstances, your question cannot be answered definitively. Some of the issues you will want to consider:(1) have you had your ROTH account for at least five years? If not, then you would need to be prepared to live with ...  (more)
    Answered Mar 2012
    Can life insurance providers raise rates because of health problems?
    Sara- I am sorry to hear of your diagnosis and send you good thoughts and prayers.To answer your question, term life insurance is often issued with guaranteed renewal and guaranteed premium features. I am not aware of any affirmative obligation you would have to notify the carrier that you are s...  (more)
    Answered Mar 2012
    GE Savings and Security Withdrawal?
    Dear Mary - The Internal Revenue Service has published general guidelines related to hardship withdrawals, but the decision about whether to allow such withdrawals and the criteria used to determine hardship are the responsibility of each individual plan. There are three specific questions you sho...  (more)
    Answered Feb 2012
    How long should I keep my financial records?
    As a rule of thumb, seven years. However, if you have documentation that would be required to support the cost basis for investments that you still have, then you should maintain that as well....  (more)
    Answered Apr 2012
    Where do I find reliable information on life insurance policies and fees?
    Margaret - if you are asking specifically about whole vs. term life insurance, then the information will be available in the disclosure document provided by the insurance company.Whole life policies are especially difficult to dissect, because the fees and expenses associated with them are paid f...  (more)
    Answered Jun 2012
    Can my 16-year-old make a Roth IRA contribution?
    Dear Randy - To clarify, your son's ROTH or IRA contribution limit is the lesser of his earned income for the year and $5,000. Under most scenarios, the ROTH is a better option because his time horizon is long, his tax rate today is probably low (and unlikely to be lower at retirement), and the co...  (more)
    Answered Feb 2012
    Is Social Security and 401K income counted towards income for tax purposes?
    Michael - Your social security benefits may be taxable depending on the level of benefits and your other income. From the social security website:"You will have to pay federal taxes on your Social Security benefits if you file a federal tax return as an individual and your total income is more th...  (more)
    Answered Feb 2012
    What is the maximum "gift" I can give before I am taxed?
    Let me preface my answer by saying that I am not a tax advisor, and you should be sure to check with your own tax advisor prior to making any decisions.This gift tax issue is one that our clients face regularly. The short answer is that gift tax will most likely not be a problem for you. In 2012...  (more)
    Answered Feb 2012
    How often do I need to revise my estate plan?
    Herman - The answer to this question depends very much upon your particular circumstances. You will want to ensure that your advance directive and medical power of attorney are in compliance with the current laws of your state, so keeping an eye or ear out for changes in this area is a good idea. ...  (more)
    Answered Feb 2012
    401K plan fails ADP test, participant receives distribution?
    Brian - You should speak with the Plan Record Keeper or Plan Administrator about this. The Record Keeper should be able to account for every inflow and outflow associated with your account, including the effect of gains or losses related to any excess contributions. If you can show that the accou...  (more)
    Answered Mar 2012
    Can I invest in Gold in my IRA?
    There are a number of ways to gain exposure to gold in your IRA. The pros and cons of doing so were addressed in another thread recently. I recommend that you read through the advisor posts here: http://www.brightscope.com/financial-planning/advice/question/1147/should-i-invest-in-goldIf you wan...  (more)
    Answered Feb 2012
    I use a web-based subscription service, sectorsurfer, to help me select the best trending mutual fund available in my 401k. is your staff acquainted w sectorsurfer? if so, would you comment on it? if not, would examine it and comment. thank you.?
    Dear Willard - In my opinion, this is a really bad idea. Selecting mutual funds in a 401k based on their trend is problematic for a number of reasons. (1) Trends are based on price action, nothing more. There is some evidence that certain types of securities are subject to a momentum effect, b...  (more)
    Answered Dec 2012
    What type of ira do you recommend to roll this over and pay less or no taxes?
    If you are talking about an existing account that is tax-deferred, such as a traditional IRA, annuity IRA, or 401k Plan account, you may roll it over into a new IRA with no immediate tax liability, provided that you are not yet required to take minimum distributions. If you have a taxable account, ...  (more)
    Answered Jan 2012
    Do I need to file an amended tax return?
    My advice is to file an amended return if the 1099 shows income that you have not reported. If you do not amend your return, whether or not you are audited, you are likely to get a recalculated tax return from the IRS, with an interest charge and, possibly, penalties on any unpaid tax. If the add...  (more)
    Answered Feb 2012
    How much money can I take out of my IRA every year during retirement and not run out of money?
    Steve - the answer to the question depends on your life expectancy, your current age, your forecast investment return, your realized investment return, and the nature of investments in your portfolio. Some advisors will recommend establishing a spending rate, rather like an educational endowment, ...  (more)
    Answered Feb 2012
    Should I rollover my smaller 401k accounts into an annuity?
    Dear Carter, without knowing more about your particular circumstances (in particular, your other retirement savings, non-retirement savings, asset allocation) or understanding the specifics of the annuity, it is impossible to make a definitive recommendation.However, in all likelihood, rolling the...  (more)
    Answered Feb 2012
    What is the difference between retirement 401k plan versus a retirement pension plan?
    Patricia - A pension plan is also known as a defined benefit plan. Your benefit amount is usually based upon your tenure and salary, and is paid by the plan as a lifetime annuity beginning at retirement, assuming your benefits have vested.A 401k plan is also known as a defined contribution plan....  (more)
    Answered Mar 2012
    Should I set up an IRA for my 14 year old?
    I will offer an alternative perspective here. If your objective is to teach your daughter about saving, compound returns, and budgeting, open a custodial bank account and consider opening a 529 Plan account or a ROTH IRA. A traditional IRA is an especially poor savings vehicle given your daughter'...  (more)
    Answered Jun 2012
    Assuming same expense ratio and zero commission, ETF or index fund to start an IRA?
    Ayhan - My perspective is different than Barry's. All else equal, I would give index mutual funds a slight edge. While ETFs do offer the flexibility to trade throughout the day, this feature is a red herring for most investors. ETFs can trade above or below net asset value (NAV), and individual i...  (more)
    Answered Feb 2012
    How should I select my 401k investments?
    Age-based target date funds provide for asset allocations that vary over time, becoming less risky and more stable as the target date approaches. Target date funds are an apparently convenient answer to the question "what should I do," but they are a poor fit for many investors. Individuals have d...  (more)
    Answered Feb 2012
    Should I purchase an Annuity for my retirement?
    As with many investment questions, the answer is "it depends"--- on your particular circumstances and on the type of annuity. I assume you are talking about a fixed annuity, so I will address your question accordingly. There is one principal reason to consider an annuity: to insulate yourself fro...  (more)
    Answered Jan 2012
    Should I roll over my 401(k) to an IRA?
    Yes. Most 401k plans have limited investment options and all of them have embedded fees and expenses which can be reduced or eliminated through a self-directed rollover IRA. One reason that you might want to keep the 401k plan is if you can maintain a loan option, but most plans terminate this opt...  (more)
    Answered Jan 2012
    What happens to my 401k investment if I die?
    Good question, Jannett. If you have a 401k balance when you die, it will become part of your estate and the named beneficiary will be entitled to receive the account proceeds. Often times the plan will distribute the proceeds to the beneficiary as a lump sum distribution, subject to ordinary incom...  (more)
    Answered Feb 2012
    What are the differences between a reverse mortgage and a home equity loan?
    Gary: reverse mortgages were created to allow seniors to convert some of the equity in their home to a lifetime income stream. Reverse mortgages became a magnate for fraud and elder abuse a few years ago, so they went out of favor for a period of time. The mechanics of the product work like this:...  (more)
    Answered Feb 2012
    How do i cash in a 401k that is more than 10 years old??? How do I go about doing that???
    Carrie - I assume that this 401k plan is from a former employer. As long as you have the information about your account and have been receiving regular updates, you should have no problem rolling over your balance to an Individual Retirement Account (IRA). If you plan to manage the investments yo...  (more)
    Answered Mar 2012
    Oceanstone fund's James J. Wang?
    Americo - Oceanstone has received some publicity recently due to its exceptional performance. However, it is a tiny fund without much management depth. This exposes investors to operational risk beyond traditional investment risk. Of course it's possible that James J. Wang it the next Warren Buff...  (more)
    Answered May 2012
    Is there anything to my Financial Advisor having a Vice President title?
    No. It may mean that they have a few years of work experience (as few as three), but nothing more....  (more)
    Answered Apr 2012
    I am no longer employed with a company. I am wanting to withdraw the money I put in my 401k plan and want to know how?
    You should set up an IRA rollover account at a discount brokerage firm (Schwab, Fidelity) or mutual fund company (Vanguard). If you are planning to self-direct your investments, I recommend that you use Vanguard (mutual fund not brokerage side). Then contact the 401k plan administrator and request...  (more)
    Answered Feb 2015
    Should I get an EIN at the time I form my LLC?
    You can obtain an EIN for free from the IRS. The quickest way is by telephone or fax-back service. I would obtain the EIN now, as you will have an obligation to pay registration fees and taxes whether or not you have opened a bank or brokerage account. Most of the forms will ask for it. Good lu...  (more)
    Answered Jan 2012
    What are nondeductible retirement-plan contributions?
    Non-deductible retirement plan contributions, such as non-deductible IRA, ROTH, and ROTH 401k contributions, differ from traditional pre-tax plans in that account contributions are made with after-tax rather than pre-tax income. The downside is that your current period taxable income is higher by ...  (more)
    Answered Feb 2012
    Can I set up an IRA if I'm already 59 1/2?
    Dear Andrew: You can contribute to a traditional IRA until age 70 1/2, but there is no age limit on contributions to a ROTH IRA, provided that you have earned income and do not hit the income cap. And depending on your employment situation --- whether you work for an employer with a defined contri...  (more)
    Answered Feb 2012
    Which is better on your credit report - Foreclosure or Bankruptcy?
    I must caveat my answer with the disclaimer that I am not an attorney or a bankruptcy specialist. You should consult with an attorney if you are facing either option.All else equal, if an underwater mortgage is your principal liability, foreclosure is better for two reasons: (1) in many states yo...  (more)
    Answered Jan 2012
    What is Capital Gains Tax?
    Travis - Capital gains tax is a tax that is owed on gains related to the sale of capital assets, including but not limited to investment property such as stocks, bonds, and mutual fund shares. For long-term capital gains (gains on the sale of assets held longer than one year) the tax rate is substa...  (more)
    Answered Feb 2012
    What are the risks associated with buying bonds?
    Good advice from the other advisors here. I would add one point to discussion about bonds vs. bond funds: for individual investors, bond funds or ETFs offer the benefits of diversification, high liquidity and high transparency compared to individual bonds.The bond market remains a swamp for indi...  (more)
    Answered May 2012
    I am 70 this year and will have to start taking money out of my IRA. I have been told to role it over into a gold invested IRA. Is this a good idea?
    Dear Frances - I would encourage you to consult with a professional, credentialed, fee-only advisor who can give you objective advice. I think you would find that the cost is more than justified by the benefit you would receive. There are many excellent resources, including this site, to help you ...  (more)
    Answered Sep 2012
    What is a fidelity bond?
    A fidelity bond is an insurance policy that protects the insured against employee theft or other malfeasance. FINRA requires all of its member firms (broker dealers) to purchase fidelity bond coverage, with limited exceptions. Some RIAs also maintain fidelity bond coverage, although since most RIA...  (more)
    Answered Jan 2012
    How do I set up a trust fund for my kids?
    Good question, Vicky. The first question you should ask yourself is what are you trying to achieve by creating a trust? Are you trying to provide for your children in the event that you and your spouse should pass away before they come of age? Do you have to consider estate taxes, which come into...  (more)
    Answered Jan 2012
    I was an employee of Hall China Company in 1991, I contributed to my pension plan and would like to know how to access that money?
    Call the main number --- 800 445 4255 --- and ask to speak with someone in the human resources departmeent. Explain that you are a former employee who has accrued benefits in a company-sponsored plan, and ask for the contact information for the plan administrator. The plan administrator should be ...  (more)
    Answered Feb 2012
    I sold stocks this year, what will that do to my tax-burden?
    Garret - the key language in your question "...before she passed" is what should determine the tax treatment. You are required to determine the gain or loss on the the funds by comparing the sale price with the original cost basis. For gifted property, this is usually the original acquisition pri...  (more)
    Answered Feb 2012
    What is the better strategy: A Roth 401k or a Regular 401k?
    Ang - in most cases, if you are planning to hold the account for a long time period, I would recommend the ROTH. The compound value of returns over many years is likely to matter more than your current and future tax rates. Even if your marginal tax rate declines, a ROTH is likely to be a better ...  (more)
    Answered Feb 2012
    Roth IRA contribution options?
    I agree with Douglas that it is good practice to keep converted ROTH balances and direct ROTH contributions separate. However, I want to clarify one point: if you wish to do a recharacterization of a converted IRA, from ROTH back to IRA, I do not believe there is any IRS restriction on partial re...  (more)
    Answered Feb 2012
    What company is a good choice for a Solo 401k?
    Most fee-only financial advisors can help you establish a Solo 401k. Today, many custodians offer a SoloK option alongside SEP IRAs, SIMPLE IRAs, tradtional IRAs, and ROTHs. If you want to work with a firm on a self-directed basis, I recommend Vanguard for the right mix of investments, service, a...  (more)
    Answered Mar 2012
    What percentage of my income should I save for retirement?
    I would add that you can still make a contribution to a 2011 IRA until April 15th (or the next business day if the 15th falls on a weekend). If you currently have extra savings in a taxable account, consider making a 2011 IRA contribution so that you do not lose the annual allowance, but only if yo...  (more)
    Answered Feb 2012
    I want to know if I can transfer my Union pension to my government TSP savings plan.
    Mike- it will depend upon the type of union plan that you have, and whether it is I qualified for a direct rollover into TSP. You can read more about the TSP rules for rolling into the plan here: https://www.tsp.gov/planparticipation/transfers/methods.shtml. Since you wrote "pension" in your que...  (more)
    Answered Jan 2015
    Where would you put leftover cash after you fund your 401k and if you have no debt?
    A ROTH IRA is most likely the best place for any excess savings, for a number of reasons.The "rule of thumb" advice, that a ROTH and traditional IRA are about the same if an investor is going to be in the same or a lower tax bracket at retirement, is not always correct and is often times dead wrong...  (more)
    Answered Mar 2012
    Can a Mutual Fund withhold divindends (or portions of) that are earned by underlying investments?
    Tim - I believe I am correct in saying that if two mutual funds own identical portfolios, have identical trading during the year, and charge identical fees and expenses, then the fund's distributions will be about the same. I say "about" rather than "exactly" because while funds are required to ma...  (more)
    Answered Feb 2012
    Are there penalties for pulling money from my 401k plan to help pay for my aging mother's care?
    Ken - You also should look into the possibility of a loan against your 401k. This may be suitable for your needs, especially if your liquidity needs are short-term. If your plan offers this option, you should be able to borrow up to 50% of the account value. You will pay interest on the loan, but...  (more)
    Answered Feb 2012
    I have money in my retiremend fund, and i need to get it out.?
    Dear Judy - there is another question that is similar to yours, which has been answered here: http://www.brightscope.com/financial-planning/advice/question/4737/how-do-i-get-my-money-from-my-401k-plan-since-my-retiring-effective-on-september-28-2012 As noted by other advisors, if your plan is a d...  (more)
    Answered Sep 2012
    Professionals with which financial services designations (e.g., CFP) are the best to seek out at the time of retirement?
    "What Every Investor Should Know" is the best piece I have read on this topic. Even though it is published by the CFA Institute, the article provides a fair assessment of the major professional credentials. Download it from the CFA Institute website: http://www.cfainstitute.org/about/investor/Doc...  (more)
    Answered Feb 2013
    Former employer holds money in defined benefit plan. Now a few options are given: leave it in defined plan, take as cash, rollover to IRA or put in lifetime annuity and start taking money now. Which is best?
    Matthew - the threshold question is whether your former company's DB plan, and the company itself, are in a strong financial position. If the answer is no, then you should opt for the lump sum distribution and roll over the balance into an IRA. Several advisors have outlined the benefits of this ...  (more)
    Answered Aug 2012
    For the last few years when we do our taxes AMT gets triggered. Been to several accountants and they all say that there isn't much we can do to lessen the impact. We heard that a tax advisor or an enrolled agent might be more knowledgeable. Suggestions?
    A tax professional may be able to help you reduce future taxes through planning. However, unless you are making some error when you prepare your own taxes, consulting with an EA or CPA is unlikely to change the tax liability on your current return. Best of luck in your search....  (more)
    Answered Feb 2013
    Is there a statue of limitation after defaulting on a 401k loan and what to take out another loan?
    If you are no longer employed by the company that sponsors the plan, then you can make withdrawals without incurring a 10% early withdrawal penalty. The relevant section from the IRS website can be found here: http://www.irs.gov/publications/p575/ar02.html#en_US_2011_publink1000226952 If you are ...  (more)
    Answered Feb 2012
    Should I only invest money I don't "need'?
    This is good, intuitive advice. Time horizon is one of the factors that affects your risk capacity, which in turn is a component of your risk profile. Short time horizon = low risk capacity = no equities. To offer some justification for the intuition, equity markets are volatile compared to other...  (more)
    Answered Feb 2012
    Is it worth starting a traditional IRA if I can't contribute to a Roth IRA?
    Robert- With rare exceptions depending on your personal circumstances, if you are saving the funds anyway, you should max out both your 401k contributions (ROTH if available) and your IRA contributions. The reason is simple: tax-exempt savings are better than tax-deferred savings, which are bette...  (more)
    Answered Jan 2012
    How does having a non-profit affect my tax returns?
    Do you mean your individual tax return?...  (more)
    Answered Jan 2012
    Can you short an ETF?
    Generally speaking, yes you can....  (more)
    Answered Feb 2012
    What is a closed end fund?
    I would add one point to Paul's thoughtful answer: closed-end funds often trade at a significant discount to net asset value (NAV) because there is no arbitrage mechanism to close the gap. During the Asian debt crisis in 1996-1997, some closed-end emerging markets funds traded at discounts of over...  (more)
    Answered Feb 2012
    Can I roll over/transfer a eligible 401k to a IRA that has a loan against it.?
    Not until you pay off the loan....  (more)
    Answered May 2012
    How do I find out more about sustainable investing?
    Ratula- if you are interested in SRI and sustainable investment, you also may want to learn about social impact investing, which is gaining interest and support among investors. A number of websites devoted to impact investing have sprouted in the past few years. Google "social impact investing" ...  (more)
    Answered Feb 2012
    Are 401k plans protected from bankruptcy?
    Doreen - If you file for bankruptcy, your retirement assets will usually be insulated from creditors, with some limited exceptions. While federal law provides the general protections for 401k, 403b, and IRA plans, states are left some discretion as to when exceptions and limits may apply. You shou...  (more)
    Answered Mar 2012
    I need to know how to withdrawl my money. I cannot find a phone number to contact anyone.?
    Darla - I apologize in advance if you have already tried this, but I would start by contacting the main number, 314-251-4400, and ask to speak with the Human Resources Director regarding your retirement plan benefits. Someone in HR should be able to put you in touch with the Plan Administrator, who...  (more)
    Answered Feb 2012
    What is the gift tax limit/rate?
    What a nice wedding gift. There are several ways to handle this. Edward and Paul both pointed out your options within the annual gift tax exclusion limits.Another technique if you wish to make a gift greater than $52,000: make a gift of $52,000 in year one, and make a loan of the balance of th...  (more)
    Answered Mar 2012
    What's the best way to recover from identity theft?
    Dear Seth - I am very sorry that you have had to endure this violation.If you have existing banking relationships, this would be a good place to start repairing the damage. Schedule an appointment with the branch manager to get them involved in your case. You may have more success with a commun...  (more)
    Answered Feb 2012
    How do i start 401k?
    Laitasha - If you company does not offer a 401k, or even if it does, keep in mind that there also are self-directed retirement accounts, such as a traditional or ROTH IRA, that you may wish to utilize....  (more)
    Answered Apr 2012
    What happens if one of a trust's beneficiaries passes away before funds are dispersed?
    I assume from your question that either the trust is silent on your specific question, in which case you need to review the language of the trust documents carefully to determine whether the original beneficiary was an irrevocable beneficiary.In other words, does the trustee have discretion as to ...  (more)
    Answered Mar 2012
    I have a profit sharing 401k plan,im 100% vested,can i take out money due to hardships? I'm short on my rent .
    You might be able to. The hardship rules can be viewed on the IRS website.https://www.irs.gov/Retirement-Plans/Retirement-Plans-FAQs-regarding-Hardship-Distributions...  (more)
    Answered Nov 2015
    Do publications, comparisons, Evaluations exist which compare CFP Return performance, possibly across portfolio Risk Profiles.?
    Peter - unfortunately, there are no such metrics that I am aware of, and you will find significant dispersion between what different advisors are willing and able to provide. It sounds like an easy task to break down advisor returns by risk profile, then to compare risk-adjusted returns across advi...  (more)
    Answered Jun 2012
    How do i get my money from my 401k plan since my retiring effective on September 28, 2012?
    Congratulations on your retirement, Soledad.It may be possible to take a distribution now, depending on your age and the terms of the plan. But shortly after your retirement date you should be given an option to roll over your 401k account to an IRA. Typically the rollover must be initiated throu...  (more)
    Answered Sep 2012
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