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David J Haas, CFP®

Focused on helping clients make better financial decisions to meet their life-goals

Cereus Financial Advisors, LLC

Franklin Lakes


Contact Me



Advisor Services

  • Financial Planning
    • -Estate Planning
    • -Comprehensive Financial Planning
    • -Retirement Planning
    • -College Planning
    • -Charitable Planning
    • -Other Financial Planning
    • -Tax Planning
  • Insurance
    • -Life Insurance
    • -Long-Term Care Insurance
    • -Other Insurance
  • Portfolio Management
    • -Individuals and/or Small Businesses
  • Accounting & Tax
    • -Tax Advice


Funds Used With Clients

There are no funds listed for this advisor at this time.

Firm Client types

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No timeline events available.
Employer Years Dates
Cereus Financial Advisors, LLC 4 years, 7 months Sep 2015 - Present
Scipione Wealth Advisors, Inc. 2 years, 7 months Feb 2013 - Sep 2015
Fujitsu Network Communications 7 years, 6 months Aug 2005 - Feb 2013

Designations & Memberships

  • Financial Planning Association
    Financial Planning Association
    The Financial Planning Association (FPA®) is the largest membership organization for personal financial planning experts in the U.S. and includes professionals from all backgrounds and business models. We help connect thousands of consumers to competent and ethical planners who uphold the FPA Standard of Care.
  • Certified Financial Planner
    Certified Financial Planner
    A standard certification for advisors, designees are exposed to nearly 100 topics on integrated financial planning. Major topics include, but not limited to: insurance, employee benefits, securities, state and federal tax, estate tax and planning, asset protection, etc.

Articles and Answers

Insights by David Haas

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Ask a financial questionAsk a question
I have a rollover account that is under performing. Is it a good idea to move it. Or ride it out?
Jennifer,Investing in an IRA is usually for the long-term. The performance of a fund may or may not match its benchmark in the short run. The question is how has the manager and the fund done over the long run net of fees. By net of fees I mean what is the performance after you've paid the fees. An...  (more)
Answered Sep 2014
Can I divide payments of inheritance money to me over several years?
If the money being left to you is not already a retirement account (such as pension, 401k, or IRA), you will have very limited options to avoid counting the money as your asset. Once you know that this inheritance is due to you, after estate taxes are paid or waived (9 months after death), you are m...  (more)
Answered Aug 2014
He is 58 and sick with heart failure, can he get his retirement now?
Possibly. Your husband's account is most likely a 401K with an ESOP component. The ESOP component allowed him to own stock in Houchens as part of the 401K. You husband CAN take a distribution from this 401K at any time assuming he is 100% vested. The question is how much should he take and how will...  (more)
Answered Jul 2014
How do I get information about Penny Stocks.
Penny stocks are stocks which sell for under $1.00 per share. Note that the absolute price of a stock share has nothing to do with the worth of that share. Penny stocks are usually traded on the Over The Counter (OTC) Pink sheets. The name is from the fact that pricing was historically printed on pi...  (more)
Answered Sep 2014
I need help with my ex husbands 401k?
Hi Donna,Wow, 10 years. This might have been very unfortunate for you because depending on state law and the wording of your divorce decree you might or might not be entitled to receive the gain on the investments within the 10 years. Also, the money may or may not have been invested in a way that ...  (more)
Answered Aug 2014
Can I withdraw from my IRA to purchase a first time home without getting penalized?
As Richard pointed out you can avoid the 10% tax penalty on withdrawals from your IRA on up to $10,000 for a first-time home purchase. But since you are 58 years old, you only have to wait until you are 59 1/2 to withdraw as much as you want without a 10% penalty. Please keep in mind that you need ...  (more)
Answered Mar 2015
Given present market condition, is it advisable to change my current 401k plan selection of stable value to stock/bonds?
Ronald,Your investment risk should be directly related to your risk tolerance. What goes into a risk tolerance? How long until you need the money is an important factor. But also how well you can sleep at night when your money is at risk.But owning different asset classes actually lowers risk. So ...  (more)
Answered Aug 2014
Self directed 401k w checkbook control? Where do I set one up? How do I fine the best company to help manage IRS stuff?
Kathy,I could better answer with more details. Why do you want to set up a self-directed 401K as opposed to a normal 401K? I assume that we are talking about a solo-401K here where you are the only employee. A self-directed solo-401K allows you to invest in non-traded and illiquid assets and while ...  (more)
Answered Jul 2014
2014 Trust exemption for my deceased father's trust - What is allowable exemption (line 20)?
You should also have the trust pay for its own tax preparation and any other fees. They can be paid out of income and are deductible on the return....  (more)
Answered Jul 2014
Like to take a loan from my 401K but not allowed. What are my options?
As the others have explained, withdrawals from a retirement account before age 55 (401k) or 59 1/2 (IRA) are taxable and have an extra 10% penalty. I have had clients in your situation and sometimes it is unavoidable to tap the retirement account, but keep in mind that you will end up owing the tax ...  (more)
Answered Aug 2014
What is the tax for receiving the money transfer from a non US Citizen?
Hi Mukunda, There is no tax to receive this money in the US if it is a gift to you, a resident non-citizen. But there are gift taxes which you might be subject to if you gift money to a non-citizen. So if you sell the house in a few years and expect to gift the money back to your mother, there could...  (more)
Answered Sep 2014
I cancelled my 401k do I have to request my money or will it be automatically sent to me if I am under 60?
A 401K is a very effective way to save money. So the questions are why are you cancelling it, how old are you, and do you need the money.If you are still with your company, you can stop your current contributions, but any withdrawals you take will be taxed and if you are under age 59 1/2, lump sum ...  (more)
Answered Jul 2014
Im 25yrs old i had traditional 401K then switched to roth and now back to traditional. Investing 7%. Which is better?
Hi Pedro,The most important thing is that you ARE saving money and contributing towards your retirement. Over the long run, the compounding you get will allow you to save a significant nest egg, which will improve your financial flexibility over your lifetime.So to your first question: Is it bette...  (more)
Answered Sep 2014
My wife and I work in same company. Can we both have separate life ins. policies and nominate ech other as beneficiary ?
The group insurance seems like a great deal, but in-fact you might get a better deal for insurance outside the group policy from work. Right after you get married is a great time to consult a financial planner to make sure your savings plan is set up right, you are managing your risks, and that now ...  (more)
Answered Aug 2014
Is there anyway a sole prop profit sharing plan can get removed from your website?
You need to ask this question to the Brightscope guys at This forum is answered by independent advisors who do not work for Brightscope....  (more)
Answered Jul 2014
What happens to a deceased 401k with a lost beneficiary form?
Hi Gladys,I do not believe the 401k will be distributed to your mother's estate because state intestacy laws do not apply to qualified plans. If you are the only child and your mother was not married, then the 401k should be distributed to you under the rules of the plan which almost definitely wou...  (more)
Answered Jul 2014
Questions about 401k withdrawals with the 55 rule.
Hi Leslie,Besides what Jeremy said, I want to add that any 401k withdrawals will be taxable (unless you had post-tax contributions or roth 401k contributions). The age 55 rule only waives the extra 10% penalty on early withdrawals.I don't know your whole financial picture, but assuming you can aff...  (more)
Answered Aug 2014
Where can I get a list of ALL of the 401k choices in the KLA-Tencor 401k plan?
Hi Daniella,KLA-Tencor uses Fidelity as a recordkeeper. You can log in to your account at If you have not registered previously, you can register right on the website. If you have registered previously, but forgot you username and password, you can recover your login informatio...  (more)
Answered Aug 2014
How much can I make on 150k Over the next 10 years?
Hi Paul,You should check with the custodian of your plan. They should be able to do a projection for you. A 414h plan is a money purchase plan which I believe usually provides an annuity upon retirement. The money is invested in an insurance company's general account and in most cases makes more li...  (more)
Answered Aug 2014
I have a UIL policy that earns cash value. The policy cash value is barely 3000, only have had it for 2 years.
Hi Jessica,I strongly recommend that you talk to a financial advisor about how to get this 50K for school and the appropriateness of the life insurance policy that you have been sold. As others have said, this life insurance policy is not going to fund any of the 50K you need, since the cash value ...  (more)
Answered Jul 2014
Should i increase my 401k contributions on my quarterly commission checks?
Federal withholding for bonus income is higher than for normal paychecks. However, this all evens out when you do your taxes April 15th. You owe taxes based on your income from the year and bonuses count the same way as regular earnings.Do you get a big tax refund when you do your taxes? If so, may...  (more)
Answered Sep 2014
Early 2014 I removed $1800 from account. I am able to put back this money plus more. How can I do this?
Are you asking about an early withdrawal from an IRA account? You can only replace money withdrawn early from an IRA account within 60 days of the withdrawal. So if it was longer than 60 days, you can no longer replace the withdrawn money and if you were under age 59 1/2 and don't fall under one of ...  (more)
Answered Aug 2014
Can you please tell me a good, simple book on estate planning that is less than 200 pages long?
Hi Matthew,An estate planning book may be a good idea, but one of the problems is that estate tax law has changed considerably within the past 4 years. So you really need a fairly recent book. All of the books I have seen are relatively long. Estate planning is an area where you really need an atto...  (more)
Answered Aug 2014
My son's mother deceased and there was a 401K through Chart Industries. How can he find out about it?
HI Michael,First of all, my condolences. I am not sure how old your son is. If he is of age, then he could do this, but otherwise, you could do it on his behalf or the executor/administrator of the estate can do it. You will need a certified copy of the death certificate. The way 401Ks usually wor...  (more)
Answered Jul 2014
Divorce in Illinois, I get half of pension from local 90 cement mason troy, il. When do I get it.
Your divorce decree will specify the splitting of your husband's pension. Once the divorce is finalized, your attorney can prepare a QDRO (Qualified Domestic Relations Order). This QDRO gets submitted to the pension administrator for Local 90 Cement and the pension administrator splits your half of ...  (more)
Answered Mar 2015
I'm trying to find my 401k earnings with AAON INC but having no success?
Hi Markus,You should call the Benefits department of AAON and ask them about your situation. Try this phone number: (918) 583-2266.If you have left AAON and have more than approximately $5000 in the account, then you have a choice of keeping your money in the 401k. In any case you have a choice of...  (more)
Answered Sep 2014
The executor of a dec'd member of the CSM america retirement savings plan needs to close the account. How?
You need to contact the custodian of the 401k plan. You will have to submit a certified death certificate and certified letters testamentary. The custodian will then pay out the 401k plan to the beneficiaries that were recorded. Note that beneficiaries might have different options depending on who t...  (more)
Answered Aug 2014
As the ex-wife and beneficiary of a deceased ESOP participant do I need an attorney to gain access to his designation?
Hi Judy. I am not a lawyer, but the company should answer the simple question of whether you are or are not listed as the beneficiary. If you are not listed as current beneficiary, then they certainly do not have to give you any additional information. I have to caution you that if your divorce dec...  (more)
Answered Aug 2014
I worked for The Children's Place from 2005-2009, what happened to my 401k?
You should still be getting statements, either in the mail or electronically. If you had an online account with your 401k custodian, then try logging in again. The account should still be active.What Jeremy says about the 401k is correct. The custodian for your plan is Charles Schwab Retirement Ser...  (more)
Answered Aug 2014
Pension from company don't work for.
Pension plans are governed by their plan document. I urge you to ask them for the plan document which should state when you can make rollovers or withdrawals. It is possible that your particular plan does not allow rollovers or withdrawals until age 59 1/2. This would be unusual for a 401k or 403b, ...  (more)
Answered Aug 2014
    *Answers are submitted by advisors without compensation.

    Licenses & Conducts

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


    Cereus Financial Advisors, LLC

    Last updated on March 5, 2020
      • $19.9M
        Total Assets Under Management
      • N/A
        Total Assets Under Advisement
      • 29
      • $685.0K
        Estimated Average Account Balance


    Types of Compensation Arrangements