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David G. Niggel, CFP®, ChFC®, AIF®

Fiduciary Advisor helping you achieve financial independence

Key Wealth Partners, LLC

Lititz

PA

Contact Me

Overview

Services

Advisor Services

  • Financial Planning
    • -Estate Planning
    • -Comprehensive Financial Planning
    • -Retirement Planning
    • -College Planning
    • -Other Financial Planning
  • Pension Consulting
    • -401k

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
Key Wealth Partners, LLC 6 years, 7 months Feb 2010 - Present
Fluid Conditioning Products 12 years, 9 months Dec 2003 - Present

Designations & Memberships

  • Financial Planning Association
    Membership
    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.
  • Accredited Investment Fiduciary
    Designation
    Accredited Investment Fiduciary
    The Accredited Investment Fiduciary® (AIF®) designation represents a thorough knowledge of and ability to apply the fiduciary practices.
  • Certified Financial Planner
    Designation
    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.
  • Chartered Financial Consultant
    Designation
    Chartered Financial Consultant
    Invididuals holding this designation understand the fundamentals of financial planning, including income tax, insurance, investment and estate planning.

Articles and Answers

Insights by David Niggel

401(k) Retirement Plan Check list
Published 2012-03-27 12:40:44
Call to Action for Retirement Plan Fiduciaries
Published 2012-03-18 16:46:09
    *Articles are published by advisors without compensation.

    Answers

    Ask a financial questionAsk a question
    What's the best strategy for a charitable donation?
    A check made out to the qualified charitable organization with a receipt from them is the cleanest way to ensure your charitable tax deduction is the amount donated.Giving away an automobile to a charity was once straightforward. You could claim the old car's fair market value, that is, the amount ...  (more)
    Answered Apr 2012
    When should I start putting money into my 401k instead of paying off student loans?
    Reuben,Another thing to add to your list is an emergency fund. Most advisors will suggest at least 6 months worth of expenses to be set aside in a cash equivalent account. A recent article that I read, suggested even having an entire year set aside. Job security is not what it used to be and you...  (more)
    Answered Apr 2012
    Savings account vs. money market?
    I am with Ryan on this question. If the money does not need to be touched for at least 12 months, I would stick with a bank or credit union CD. If you would need access to the money for deposits on venues, caterers, flowers etc., then a money market would be in order. Money market accounts can gi...  (more)
    Answered Apr 2012
    Will the European debt crisis affect my retirement account?
    Passive investing involves buying and holding market components, whereas an active investor or fund manager tries to pick the next winning stock or time where the market is headed next.A passive approach offers these major benefits:By holding entire market components, one maximizes the benefits o...  (more)
    Answered Apr 2012
    I was notified that a primary beneficiary was not designated for my retirement plan and that I could designate them on line where do I make that designation?
    Carnish,A primary beneficiary and contingent beneficiary are an important step for your estate. If your beneficiary is under 18, make sure to consult an attorney. You may need a guardian or trust set up for minors to receive the proceeds as you wish.If you can go online to the provider website a...  (more)
    Answered Apr 2012
    How did I get trapped into this high fee investment firm Fidelity?
    Every employee also has a responsibility to fight for their benefits. If enough employees raise their concern at meetings and bring their issues to management, you can start the change process. The administration and sponsors of your current plan are fiduciaries. They have a legal requirement to ...  (more)
    Answered Apr 2012
    What is the best way to prospect for 401k plans.?
    The following is an excellent article to keep in mind when you are evaluating plan providers.5 Characteristics of a Great 401(k) PlanMay. 31 2011 Posted by Michael Chamberlain Forbes MagazineUS News recently published an article titled “5 characteristics of a good 401k”. If you had a choice, wou...  (more)
    Answered Mar 2012
    Where can I find options of lost-cost 401k plans to suggest to my employer?
    Hopefully this will fix Jim’s link.http://www.jdsupra.com/post/documentViewerHere is my two cents to look for in a Retirement Plan, Fee-only, independent Registered Investment Advisors that serve as both ERISA 3(21) and 3(38) advisors, taking some liability off of the plan sponsor. Advisor Manag...  (more)
    Answered Jun 2012
    What are money market funds?
    Money market funds can be a great place to park money for a short amount of time.When the stock market is extremely volatile and investors aren't sure where to invest their money, the money market can be a terrific safe haven.Money market investing carries a low single-digit return, and when compa...  (more)
    Answered Apr 2012
    Largest Insurance company retirement plan providers?
    Cody,Insurance companies, mutual fund companies & brokerage plans are not usually the best way to go for long-term success of a retirement plan. These are known to have the highest internal costs available.The best advice would be to find a local Registered Investment Advisor (RIA) that will ...  (more)
    Answered Mar 2012
    How do I find out what the total value of my account?
    Your 401k statement will usually read: Balance...Vested Balance...Vested Percent. The vested balance is the value of your account on that particular date. Personal account statements can sometimes be tricky to read, if you have a lot of activity. Your advisor should have your balance available fr...  (more)
    Answered Mar 2012
    401K plan fails ADP test, participant receives distribution?
    I recently had a participant receive a distribution from an excess 401k contribution for 2011. The TPA (Third Party Administator) Recordkeeper used the loss from the portfolio for the year. Like you, the participant was looking at the stellar 4th quarter returns and was not happy with the loss bei...  (more)
    Answered Mar 2012
    I am looking into utilizing Bright Scope to rate our 401(K) providers (fee reasonableness/market comparison/etc.). Could you let me know the cost of the services?
    Brightscope does not charge a fee to rate your plan. All you need to do is upload your form 5500 and plan documents including the investment lineup. It is an easy process. Just a little work on your end....  (more)
    Answered Oct 2012
    How do I with draw from the plan at age 70?
    The plan administrator at your former place of employment will be your best source of information to the type of plan and distribution options. A fee-only advisor that will put your best interests first will be the next step to seek out. Take the information from the plan administrator to the advi...  (more)
    Answered Sep 2012
    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?
    One point to add if other people read this post. Thomas is over the age to add the additional "catch -up" provision and the plan would have to permit catch-up contributions.The 401(k) contributions limits for 2013 will be as follows: up to $17,500 in elective salary deferrals, plus up to an additi...  (more)
    Answered Jun 2013
    How much is my balance of my 401k?
    You should check with your plan administrator. The plan administrator should a valuable resource to utilize to discuss available balances and options.The best part about a 401k loan is that you don't have to qualify for it. You simply fill out an application with your plan administrator. 401k loan...  (more)
    Answered Mar 2012
    My financial advisor ,UBS, has recommended putting a portion of my money with Northcoast Asset Management's Can Slim program. It would be about 20% of my assets with them. What is your thoughts on this strategy?
    Steve,We cannot make a recommendation without knowing your whole situation.Red flags about this program for me would be the following;Number of Holdings 0-30 stocksFees Tiered, 1.65%-1% based on account size.Hopefully your advisor has asked you the proper questions and knows your situation a...  (more)
    Answered May 2013
    How can I contribute to a retirement plan as a recent grad without a 401k.?
    It is very commendable of you to start as early as you can. Saving for your own retirement is very important. Companies offering pensions are disappearing and who knows what will the future will hold for Social Security.The maximum contribution you can make to a traditional IRA for 2012 is the am...  (more)
    Answered Mar 2012
    Need to roll over a 401 k to your acount?
    Dennis,A little more information is needed to clarify your question.If you are looking to rollover a 401k account to a traditional IRA, that is a smart thing to do. It will give you more freedom of investments to choose from and may actually lower fees. Depending on the amount of the rollover, V...  (more)
    Answered Mar 2012
    My mother is now approaching social security age and I would like to help her estimate her monthly payout. True or false, the social security payout is based on an average of your top twenty earning years?
    Jean,The Social Security website has tools to help you figure out what your monthly payout will be. Or, if your mother has some time to meet someone at a local SSA branch, I always like a face to face meeting to discuss all aspects of a major decision such as these benefits.Just like James mentio...  (more)
    Answered Nov 2012
    I worked for Clover Contracting and am in a financial tough spot...?
    I am sorry about your current tough spot. It is not an easy decision to cash out of a retirement plan and have to pay taxes and penalties. If possible, take the minimum amount needed and try to hold on to the rest.You should call the 401k plan administrator at your previous job. They will be abl...  (more)
    Answered Apr 2012
    What should young professionals who leave the workforce temporarily do with their retirement plans?
    One other point to add to this conversation would be that some firms, if your balance is $5,000 or less when you leave, the company will automatically distribute the money to you — minus the 20 percent it’s obligated to withhold for the IRS. So you will want to rollover the balance before they can ...  (more)
    Answered Apr 2012
    I am trying to find the total fees on the W.W.Gay, Jacksonville, FL 32205 retirement plan and can't figure out how. Can you tell me how?
    You have an insurance based plan. They are notoriosly the hardest to decipher all the fees.Ask the plan administrator for the latest 5500 document and Summary Plan Documents and find the Ticker symbols for the funds in the plan. This may give a low end estimate of fees.There may be other revenue...  (more)
    Answered Apr 2012
    Is life insurance taxable?
    It is always a good thing to prepare before a major event happens. Visit the attorney that has drawn up your Grandmother's will and any living trust and powers of attorney.I would also suggest that you look at the beneficiary of the policy. To keep the proceeds from ending up in the estate, the b...  (more)
    Answered May 2012
    How can I borrow from my 401 K plan?
    Romika,You should make an appointment with your HR plan administrator. They will be able to walk you through the necessary steps to obtain a loan, if your plan allows. The process is usually pretty simple. Sign a form with the stated amount, an interest rate, and a payback period. It is sent to...  (more)
    Answered May 2013
    Do you know of any books of real value that focus on Small Cap, Micro Cap and OTC investing and strategy?
    Matthew,Some of my favorite books are from Larry Swedroe. Good strategies and easy to read.Check them out at Amazon.http://www.amazon.com/Larry-E.-Swedroe/e/B000APJJ8ODavid...  (more)
    Answered Apr 2013
    How concerned should an average investor be with the VIX indicator?
    I agree with Eric. Find an advisor that works at a RIA. Determine a plan of action according to your values, goals and long term appetite for risk. Tune out the daily fluctuations and enjoy your family or other favorite activity.Watch the following video. It highlights the Emotions of Investing...  (more)
    Answered Jul 2012
    How do I obtain private loans for medical school with average credit and high debt from student loans?
    http://www.finaid.org/loans/privatestudentloans.phtmlThis site has some good information and links to loan providers.It is commendable that you want to continue your education past your undergraduate work. I have seen some young adults that have graduated from medical school with at least $250,00...  (more)
    Answered Mar 2012
    Can I view my 401(k) statement online?
    Christine,This seems to be a very common question. I would contact your previous employer and ask the current plan administrator for the steps involved. They will provide you the website address and a temporary login and password. They should also be able to mail your latest available statement ...  (more)
    Answered Apr 2012
    How old is the rating for Kroger?
    John,It looks like the Form 5500 is for Plan Year 01/01/2010 — 12/31/2010, which is the most current year available. Plan Year 2011 should be available to the public by sometime close to the end of the year. You could request that the Plan Administrators upload a copy along with any material chan...  (more)
    Answered Apr 2012
    How long should I keep my financial records?
    Dorinda,Recently, I found the following on the IRS website for another client;How long should I keep records? The length of time you should keep a document depends on the action, expense, or event the document records. Generally, you must keep your records that support an item of income or deduct...  (more)
    Answered Apr 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,Another way to look at plan providers, is to utilize a service that individually benchmarks plans. One that is completely independent.There are a few, but the one I like is Fiduciary Benchmarks. They can analyze your plan directly.http://www.fiduciarybenchmarks.com/Department of Labor regul...  (more)
    Answered Aug 2012
    Can I make salary-deferral contributions to two employer-sponsored 401k plans?
    Excellent question. Yes. However, salary-deferral contributions are generally limited to a single aggregate amount for the year. For instance, for tax year 2012, you can make salary-deferral contributions of up to $17,000. And if you're over 50 at any time in 2012 (even if you turn 50 on December...  (more)
    Answered Apr 2012
    What is a commingled Trust Fund?
    Jevon,Definition of 'Commingled Trust Fund'Investment assets that are combined together under a common investment management strategy. Commingled trust funds represent a pool of assets that are jointly managed by the same entity. These funds can be from several sources, such as trusts, retirement ...  (more)
    Answered May 2012
    May i has a loan on my account?
    Darla,You will need to contact your plan administrator. Not all retirement plans offer loans.Your plan administrator will be able to help you. They should be a valuable resource that is available to answer questions such as this.Good afternoon,David Niggel www.keywealthpartners.com...  (more)
    Answered May 2012
    When I pass will my child receive my 401k?
    If you are currently married, the spouse will receive the proceeds, unless they have signed a spousal consent form giving up their entitled benefit.I would like to encourage you to seek the advice of an attorney and accountant to make sure that your estate is directed to the beneficiaries of your i...  (more)
    Answered Sep 2012
    What are potential impacts of working during retirement?
    http://www.ssa.gov/pubs/10069.pdfThe previous is a link to a 10 page explanation from the Social Security Administration.If you are under your full retirement age there is a limit that you may earn and not lose any benefits. If you go over that limit, you may be shocked when April 15th rolls arou...  (more)
    Answered Mar 2012
    How can i cash in my esop.?
    Employees may cash out from an ESOP plan based on the terms listed in the ESOP plan guidelines.Step 1Call the ESOP plan administrator to confirm the rules for your ESOP distribution. The IRS requires distributions resulting from employee death or disability to start distributions no later than the...  (more)
    Answered Apr 2012
    How do i borrow money from 401k?
    Some plans allow participants online access and loans may be modeled and processed through the plan website. Otherwise, you will have to see the plan administrator to obtain a loan application that will be signed and emailed, faxed, or mailed into the Plan Trustee. 401k loans are not always the be...  (more)
    Answered Apr 2012
    I received half of my ex-husbands 401k. How long, after the qrdo is signed, does it usually take to get this?
    Excellent views from Helen and Steve.Taxes and penalties will severely impact the net amount that you may receive now. Take your time and seek out a local advisors to talk to, so that you may be aware of all your options.Good luck,David...  (more)
    Answered Oct 2012
    Are owners always included in the top paid group when determining HCEs? I have a plan with 3 owners plus one other employer making over $115,000. If there are only 11 total employees, my top paid group would only include two people. Do I just take the three owners even if the other employee has th
    An important aspect of performing the ADP and ACP tests is to properly identify the HCEs. IRC section 414(q) defines HCEs to generally include any employee who:Was a 5% owner at any time during the year or preceding year (a 5% owner is someone who owns more than 5% of the employer), orFor the prec...  (more)
    Answered Feb 2013
    I'm trying to find the details of my 401K online... is there an easy way to find it?
    I suggest that you make an appointment with your company's HR department. They should be able to provide you, if available, online access to your account or at the very least, look your balance up for you....  (more)
    Answered Feb 2013
    How can I find out if I have money in a 401K with Florida Tile?
    The following information from their latest DOL filings.Florida Tile, Inc.Named Plan Sponsor Tracy FisherAddress 320 W Main St Lakeland, FL 33815 -1556Telephone (706) 232-5181...  (more)
    Answered Feb 2013
    How can I find out what's in my 401k plan that I have with W.E Bassette Company I had worked for them from 1980-1987 I have moved out of state and what like to get some type of information on what I have available?
    Donita,I found the following address and phone number. I would start by calling and ask for the Human Resources department. It may help if you have some documentation from when you were in the plan. They should be able to point you in the right direction.The W E Bassett Company100 Trap Falls R...  (more)
    Answered May 2013
    Can i get a loan from my 401k?
    One point to clarify on Michael's answer. If you have to take a "Hardship Loan", you are not able to make further contributions to your account for a certain period of time.Most 401k plans have loan provisions, but they can differ considerably. Utilize your plan administrator to help with your cu...  (more)
    Answered Apr 2012
    Im a former employee from PLS finanical and im try borrow money from my 401k how do i do that?
    Sherese,Sorry, but i have to agree with Mr. Defrance on this one. You will have to be currently employed with the company in order to take out a loan on your 401k balance....  (more)
    Answered Jun 2015
    What's the difference between a tax credit and a tax deduction?
    A tax deduction is an expense or an amount of money which lowers your taxable income. It is subtracted "off-the-top" from the amount of money you made throughout the year, your gross income. Once all deductions are subtracted, this amount is known as your adjusted gross income, or AGI. The standard...  (more)
    Answered Mar 2012
    Can i ask for my retirement in full?
    Floyd,In addition to John's answer, some 401k plans have a vesting schedule. This pertains to the company match portion of your account. So, like John mentioned, make an appointment to see your HR department to discuss your options. They will be your best resource to obtain the information requ...  (more)
    Answered May 2015
    How can i find out how much i can borrow from my 401k??
    Phillip,Your human resources department and the plan administrator will be able to walk you through this process. They should be able to provide a website and log in to your plan's website as well. Here you should be able to model a loan with the amounts available, payback period, and payment amo...  (more)
    Answered Apr 2015
    We are a 9 million dollar plan 401(k) with 38 participants. What should we pay in record keeping fees and TPA fees?
    Linda,This a great start to you holding up your fiduciary duty to your plan. If the plan has been in place for some time, now is the time to start the RFP process. (Request for proposal) The regular completion of an RFP process (as often as every three to five years) is an essential component of ...  (more)
    Answered Aug 2015
    I need copy my husbands retirement plan and how much money I get each month. Elizabeth Seaberry act#AT999MDC6D1P7H9?
    Elizabeth,Please contact the HR Department of your husband's place of employment. They will be able to describe what benefits are available to you and the steps you need to follow in order to gain access to the benefits.Dave...  (more)
    Answered Jun 2015
    I already have an existing loan from my 401k plan,I need cash but can I still get money out of my account?
    Some plans may offer more than one loan at a time, and usually a loan minimum of $1000.00 As Tony mentioned, your plan administrator will be able to guide through this process....  (more)
    Answered Jun 2012
    How do I find out if Cypress Health Group matches 401K deposits from my paycheck?
    Elissa,If your company uses Paychex as the payroll provider, look for the following:401k EE - This is your deduction amount.401k ER - This is the company match portion.If you do not see these categories on your paycheck, I would recommend an appointment with HR to go over your individual situat...  (more)
    Answered May 2013
    How can I make a correction on the Advisor information. Is there a phone number I can call to speak to someone?
    Did you try an email to someone on the Contact page? Brightscope has been great about any request that I have had so far.It seems that some information may not be totally up to date.*Experience and Employment History information reflects the past 10 years of employment as reported on the SEC ADV ...  (more)
    Answered Apr 2012
    How do I find information on fees associated with my company 401k?
    Eden,Your best resource is your current plan administrator. Make an appointment with them to discuss the most recent 408(b)(2) and 404(a)(5). These pertain to the Department of Labor's Fee Disclosure Rules. Your Plan Administrator should be able to walk you through these disclosures and help yo...  (more)
    Answered Mar 2015
    I used to work for belton ind?
    Rober,Could you please include some more information so that the advisors could answer your questions?Are you looking for a contact from a previous retirement plan? Help with a Rollover? General insight?There are plenty of brilliant advisors on Brightscope that can point you in the right direct...  (more)
    Answered Apr 2012
    I want to access my personal 401k Statement. Would just like to know the balance. Please tell me how to find it.
    Ask the Plan Administrator in your HR department. They should be able to give you a website address and instructions to log in and obtain your balance at anytime. Your Plan Administrator is a Fiduciary and should do everything in their power to help you with your request....  (more)
    Answered Apr 2015
    Need to withdraw five thousand dollars?
    Some plans may offer a loan from your account balance. The money would have to paid back with interest to your account with after tax money. So, it is not always the best idea. If you have exhausted all other avenues, you would need to contact your HR department. They should be able to guide thr...  (more)
    Answered May 2013
    I need to take out $3700 from my traditional IRA and have no clue how much tax to pay on it. Do I pay a fixed $ or %?
    Sarah,Each custodian has a different form to fill out for a distribution. The form will have a section for Taxes. They usually will give you a few choices such as (1) Opt out and do not withhold Federal Income Tax or (2) Elect a percentage to be withheld. They usually suggest a minimum of 10% or...  (more)
    Answered Mar 2015
    How do i know its the right account?
    Jessica,We are here to help you. Please ask your question again with more detail so that we can provide you with the guidance that you need.David...  (more)
    Answered Jun 2015
    How do i know my account is there its been 15 years?
    Jessica,We are here to help you. Please ask your question again with more detail so that we can provide you with the guidance that you need.David...  (more)
    Answered Jun 2015
    Contact Information Change?
    Desiree,You should contact the HR department of the company that you worked for. They should be able to handle your request.Now, I would like to reiterate Michael's answer, that you should look into rolling the account over to an IRA (Individual Retirement Account). This will allow you greater f...  (more)
    Answered Jun 2015
    How to get my 401k?
    Billy,Could you please add a little more information to your question?Dave...  (more)
    Answered Jun 2015
    How do I withdraw my 401k contributions?
    To add to John's answer:The IRS will slap you with a 10 percent penalty if you withdraw money from your 401(k) before reaching 59 1/2, unless you can prove a financial hardship. This is on top of regular income taxes on the withdrawal. The 10 percent penalty disappears after 59 1/2, but you are sti...  (more)
    Answered Apr 2015
    How can I find my 401k?
    You can contact your current, or former, employer's HR department. They should have a person designated as the plan administrator. They are the go to person in the company for the 401k. If you have received a statement from your 401k plan, there should be a phone number or address of whom to cont...  (more)
    Answered May 2013
    I would like to cash out my 401k how do I go about doing that?
    Jennifer,I recently had a participant do this transaction. He filled out a Distribution Request Form from the plan administrator. He elected the "In service after 59 1/2" reason for distribution. The plan will withhold the mandatory 20% Federal Tax amount and send him the net. This distribution...  (more)
    Answered Mar 2015
    How do I check the status of a 401k if I am a named beneficiary?
    Christopher,I am sorry for your loss. The 401k plan has certain steps to follow in order to process a distribution due to a death. Sometimes it can take a month or longer to distribute during quarter end processing or other timing issues. I know that it can be frustrating and you want answers no...  (more)
    Answered May 2015
    How much money i have in my account?
    Andres,Your HR department will be the person you can ask for your balances. Call and make an appointment to see them in person to discuss how to access your account....  (more)
    Answered May 2015
    Am I paying my 401k financial advisor too much?
    Sheila,I feel that you may be paying too much for service. I would start a procedure called "RFQ or Request for Quote" and have a few independent advisors review your current plan. Ask them to benchmark your current situation and not to just quote you on their services. Ask if they are willing t...  (more)
    Answered Apr 2015
      *Answers are submitted by advisors without compensation.

      Licenses & Conducts

      SEC
      U.S. Securities and Exchange Commission
      • license status
        Registered
      • disclosures
        None
      • as of date
        Apr 5, 2015
      FINRA
      FINRA
      • license status
        Not registered
      • disclosures
        None
      • as of date
        N/A
      Review the status and details of the disclosures noted above using the SEC's Investment Advisor Public Disclosure website:

      Assets

      Advisor

      Last updated on May 25, 2016
        • $2.4M
          Total Assets Under Management
        • $0
          Total Assets Under Advisement
        • 2
          number of clients
        • $1.2M
          Estimated Average Account Balance Per Client

      Key Wealth Partners, LLC

      Last updated on Aug. 17, 2016
        • $2.7M
          Total Assets Under Management
        • $0
          Total Assets Under Advisement
        • 2
          number of clients
        • $1.3M
          Estimated Average Account Balance Per Client

      Fees

      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.