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Michael David Pensinger

"Planning...Commitment...Reward" becomes attainable when you follow the right way to invest.

Pensinger Financial, Inc.



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Advisor Services

  • Financial Planning
    • -Comprehensive Financial Planning
    • -Retirement Planning
    • -College Planning
  • Portfolio Management
    • -Individuals and/or Small Businesses



No timeline events available.
Employer Years Dates
Pensinger Financial, LLC 6 years Feb 2014 - Present
Pensinger Financial, Inc. 3 months Oct 2013 - Jan 2014
Evanston Advisors 4 months Jun 2013 - Oct 2013
Allston Holdings 8 years, 7 months Mar 2004 - Oct 2012

Designations & Memberships

Membership information not available

Articles and Answers

Insights by Michael Pensinger

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Ask a financial questionAsk a question
I want $20,000 from my 403b. Should I do it as a 5 yr loan @ 4.25 interest, or as a withdrawal and pay the taxes now?
Retirement plans should be for retirement and not an emergency cash loan situation, but of course life gets in the way sometimes. I would strongly suggest exhausting all other options before taking a loan from your plan. Can you first generate the needed income with some additional work. It's a 4...  (more)
Answered Dec 2014
On technical analisis can we expect a 10 percent correction soon?
Technical analysis uses the past to predict (well, try to predict) the future. In other words it's saying what has happened will happen and this is completely unfounded logic. Markets are controlled by supply and demand, so what has happened with supply and demand will not predict what will happen...  (more)
Answered Sep 2014
I will be 32 years old this year. Starting my first full time job and would like to plan for retirement.
Amani, you and I are about the same age. I work with a lot of people in their 30s just starting to establish careers and families and with people in their 20s finishing school and entering the professional world. I cover my financial planning order of operations with them. 1) make sure to pay of...  (more)
Answered Aug 2014
Is a John Hancock 401k plan in NY w/ estimated annual plan cost proposed at 1.436% a good rate? I'm a plan admin?
I would go to the big companies that handle 401(k)s, like Vanguard and Fidelity, and ask them for an all in expenses and plan fee summary. I work with Vanguard and all they need is the number of participants in the plan and a ballpark figure of the total assets in the plan in order to write up a pr...  (more)
Answered Aug 2014
I received a gift of $10,000. Should I open a new Roth IRA, or increase my contribution to my employer's Roth 401 K ?
I second what Mr. Tucker wrote, pay off any high interest credit card and fund your emergency account. If you're set there then invest. I would do it a little differently than most suggestions here. You already have a tax-free plan going for you with your Roth 401(k), so balance that out with a t...  (more)
Answered Dec 2014
My insurance agent says their are no fees for the investment products he wants to sell me.  How can he make a living if the products he sells don't have fees?
In my opinion when insurance agent and investment are in the same sentence there's a problem. And that problem will almost certainly come in the form of unnecessarily high fees and most times those fees are hidden, too (and they are hidden for a reason). Use insurance for insurance, which is to pr...  (more)
Answered Aug 2014
I have indexed universal life insurance for me and my kids with national life group. Is this a good idea?
On the surface, probably not (I would say no, but I don't want to paint with a broad brush). Life insurance should almost never be used for investment purposes (again I would say never, but...) and that's the product you have here. Use insurance for insurance and use investments for investments, d...  (more)
Answered Oct 2014
Given present market condition, is it advisable to change my current 401k plan selection of stable value to stock/bonds?
There's nothing wrong with buying high if the market continues to go up. If you don't buy high today and the market continues to climb then you actually missed buying low. If you have a financial plan that fits your risk/return profile then market prices are irrelevant and you shouldn't invest or ...  (more)
Answered Aug 2014
23 years old, 40+ year term investment, which funds or at least which categories and what percent should I invest in?
I'm guessing these are mutual funds available to you in your 401(k) . If I was 23 years old and had a 4 decade outlook then I would be in 100% stocks. BUT YOU NEED TO MAKE SURE YOU UNDERSTAND THE RISK. If you don't talk to a fee-only financial planner who will help you understand the risk.i'm sc...  (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
      Jan 19, 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:



    Last updated on Jan. 20, 2020
      • $1.1M
        Total Assets Under Management
      • $0
        Total Assets Under Advisement
      • 7
        number of clients
      • $157.1K
        Estimated Average Account Balance Per Client

    Pensinger Financial, Inc.

    Last updated on Jan. 17, 2020
      • $12.9M
        Total Assets Under Management
      • N/A
        Total Assets Under Advisement
      • 112
      • $115.6K
        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