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Robert Paul Schmansky

Fee-Only financial advisor and investment manager. Forbes blogger. CFP Board Ambassador.

Clear Financial Advisors, LLC



Contact Me



Advisor Services

  • Financial Planning
    • -Estate Planning
    • -Comprehensive Financial Planning
    • -Retirement Planning
    • -College Planning
    • -Charitable Planning
    • -Other Financial Planning
    • -Tax Planning
  • Portfolio Management
    • -Individuals and/or Small Businesses
    • -Investment Companies
    • -Businesses or Institutional Clients
    • -Other Portfolio Management



No timeline events available.
Employer Years Dates
Clear Financial Advisors, LLC 9 years, 1 month Jan 2011 - Present
Clear Financial Advisors, LLC (156303) 9 years, 1 month Jan 2011 - Present
Northern Financial Advisors, Inc 2 years Nov 2008 - Nov 2010
Mainstay Capital Management 5 months Jun 2008 - Nov 2008
Self Employed 15 years, 1 month Jan 2005 - Present

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.
  • National Association of Personal Financial Advisors
    National Association of Personal Financial Advisors
    NAPFA, the National Association of Personal Financial Advisors, is the nation’s leading organization dedicated to the advancement of Fee-Only comprehensive financial planning. Consumers and the media look to NAPFA for access to financial advisors who meet the highest standards for professional competency, comprehensive financial planning and Fee-Only compensation.
  • National Association of Tax Professionals
    National Association of Tax Professionals
    The National Association of Tax Professionals (NATP) is a nonprofit professional association founded in 1979 to serve professionals working in all areas of tax practice through professional education, tax research, and products. NATP is the largest organization dedicated 100% to tax professionals and their success.
  • 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.
  • Enrolled Agent
    Enrolled Agent
    An Enrolled Agent is a federally-authorized tax practitioner who has technical expertise in the field of taxation and is empowered by the Department of the Treasury to represent taxpayers.

Articles and Answers

Insights by Robert Schmansky

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Ask a financial questionAsk a question
How can we get more detailed benchmarks?
As others have said, there are plenty of providers for benchmarks. Other approaches are to use peer rankings, or ranking your performance against similar market-based passive and index mutual funds....  (more)
Answered Nov 2014
I have a TransAmerica 401K through my employer. Every fund choice is a fund of a fund, increasing fees. Typical?
Another aspect here is the assumption that the benefits of tax-deferral. There are many scenarios where individuals do not benefit as much as they believe from deferring taxes. One downside of deferring are the conversion of capital gains into ordinary income, where your stock gains which would have...  (more)
Answered Nov 2014
Rates of tax for a woman, resident in India and below sixty years of age at any time during the financial year:?
I recommend contacting a CFP(r) professional via the Financial Planning Standards Board India  (more)
Answered Nov 2014
I have a 403b plan with TIAA-CREF, should I move it to an IRA when I retire in four years or leave it where it is?
Jason gives a great answer. I would add we want to weigh the totality of the options that are available to you, and the overall income plan via the financial plan prior to picking an investment provider. You may not receive the benefits of international yield curves and real estate markets through ...  (more)
Answered Nov 2014
Why 401k GPS is recommendation is valuable?
I don’t know about this service, but I think before you say someone is the ‘best’ you have to determine ‘best’ at what. You want to start with understanding the philosophy of your investment advisor and if that strategy fits your needs. For example, I believe it makes the most sense for most investo...  (more)
Answered Nov 2014
How much can I make on 150k Over the next 10 years?
You may also consider if you qualify to save to a Roth IRA. I would sit down with a financial advisor who will consider current and future tax opportunities. Many who have pensions are in the same tax bracket in retirement as they are in their working years, and in those cases it often makes sense t...  (more)
Answered Nov 2014
Im looking for an old 401k plan i had over 5 years ago. 3 w's and a h... who what where and how to retrive funds.
On how to receive funds - make sure the transfer is to an IRA as a direct trustee-to-trustee transfer to the investment custodian of your choice. The transfer will avoid a mandatory 20% withholding (which is also a taxable distribution) as opposed to the rollover. Make sure the check is made out to ...  (more)
Answered Nov 2014
I have a T ROWE Price SEP-IRA w/ 2 funds. Cost is .71 & .69 per $1K. Is that reasonable or high?
As others have said, it depends on your goals, objectives, etc. I would agree if you do not want the active management you will receive at your current investment provider, then your fees are likely high. The nice part about having a SEP IRA is you can transfer to a traditional IRA if you would lik...  (more)
Answered Nov 2014
Where I would find the fees charged to manage my 401K account.
It is very wise of you to consider your savings options. I meet with too many who have “done the right thing” and saved to their 401(k), and not only paid high fees, but also had reduced control and diversification options. Consider if you may be able to earn 1-2% more by diversifying on your own, t...  (more)
Answered Nov 2014
How can I start saving for retirement if I'm a college grad with few funds and no benefits?
A Roth IRA is a fantastic tool for periods when you expect your income to be low relative to where it will be over time. The benefits of paying tax at a low rate, and never paying it on the growth ever again should you keep it there until retirement, often outweigh the tax-deduction. A Roth IRA has...  (more)
Answered Feb 2015
How can I take out my funds?
While the question here is how can you take out your funds, I think a better question is how should you? Without knowing the details about your accounts, tax picture, financial objectives and spending needs, you will want to spend some time learning about tax-efficient withdrawal strategies. Making...  (more)
Answered Nov 2014
Does my financial advisor need to be local to my area to be successful with me?
Like others, I certainly prefer to meet face-to-face with clients, at least once. However, technology has made it possible to provide financial planning and investing services anywhere. As advisors, we do have to keep in mind registration issues with the various states, and there are states which ar...  (more)
Answered Nov 2014
    *Answers are submitted by advisors without compensation.

    Licenses & Conducts

    U.S. Securities and Exchange Commission
    • license status
    • disclosures
    • as of date
      Jan 16, 2020
    • license status
      Not registered
    • disclosures
    • as of date
      Feb 2, 2018
    Review the status and details of the disclosures noted above using the SEC's Investment Advisor Public Disclosure website:


    Clear Financial Advisors, LLC

    Last updated on Nov. 18, 2019
      • $15.3M
        Total Assets Under Management
      • N/A
        Total Assets Under Advisement
      • 64
      • $239.8K
        Estimated Average Account Balance


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

    Types of Compensation Arrangements