Guided Wealth Management
Investment Advisor Representative
Since 2009, Jonathan Swanburg has been an Investment Advisor Representative at Tri-Star Advisors. Today he runs the firm's Guided Wealth Management service, offering financial planning and investment advice to working age professionals. He has an extensive fixed income background having started his career analyzing mortgage backed securities, municipal bonds, and structured notes. Jonathan's financial commentary has been featured in publications including Time Magazine, The Financial Times, The Wall Street Journal, and Financial Planning Magazine.
Jonathan attended college at Pepperdine University where he graduated with a Bachelor of Arts degree in Economics. During that time he was a macroeconomic teaching assistant, the President of Phi Alpha Delta, and a caddy at Riviera Country Club. From there, he went on to receive his Juris Doctorate and Master of Business Administration from Baylor University where he concentrated in Business Transactions and was recognized as the outstanding MBA graduate, top presenter at the Big XII case competition, and two-time winner of the Baylor MBA ethics case competition. Jonathan earned the Certified Financial Planner© designation in 2013 and is an active member of the State Bar of Texas.
Outside of work, Jonathan volunteers with the Houston Young Lawyers Association and enjoys playing golf, tennis, fishing, writing and spending time with his wife and two sons.
BA, Economics, Pepperdine University
JD / MBA, Baylor University
Assets Under Management:
Jonathan Swanburg is a Registered Representative offering securities through Calton & Associates, Inc. Member FINRA/SIPC and an Investment Advisor Representative offering advisory services through Tri-Star Advisors, an SEC registered investment adviser. Calton & Associates, Inc and Tri-Star Advisors are separate entities.
Jonathan Swanburg, Advisor Insights Interview
If you want to save for your kid’s college and you have a large sum of money, you may want to consider superfunding a 529 account.
First, a 529 is a state or school sponsored account that allows your money to grow tax deferred. If the funds are used for education, you avoid paying tax on the gains. Some states have low cost stock and bond funds with aged based investment options, some have CDs, some have prepaid tuition plans. Some states provide state tax breaks if you are a resident and contribute to the local 529. Pick the plan that is right for you and your children.
Second, if you have a large sum of money, superfunding a 529 dramatically increases the amount you can invest for your children without incurring federal gift taxes. Instead of the $14,000 per year annual gift tax exclusion limit, each parent can pre-fund up to $70,000 (5 x $14,000). If you have a spouse, together you can open a 529 plan with $140,000.
Finally, 529s aren’t right for everyone and there are potential penalties if the money isn’t used for education. Here is the IRS discussion. As an example of an alternative, some of my clients have chosen to forego 529s in favor of tax free, zero coupon muni bonds that will mature when the kids are set to go to school. To each his own.
With a SIMPLE IRA, your employer has until the filing of the business’s income tax return, including extensions, to make its matching contribution. So this doesn't seem malicious. The employer likely extended the tax return and is making the contributions prior to filing. When you leave the company, you will still be entitled to the money from 2015 and you will be able to roll it into a new plan if you so choose.
Here are the details from the IRS: https://www.irs.gov/retirement-plans/simple-ira-plan-faqs-contributions
I’m not sure how your custodian does its reporting but on December 11, 2015, Comcast changed the ticker from CMSK to CMCSA. You should have received one share of the new ticker for the one share of the old.
Sandisk was bought by Western Digital. As of May 12, 2016, each outstanding share of SanDisk common stock was converted into the right to receive $67.50 per share in cash and 0.2387 shares of Western Digital common stock. Here is a link to an FAQ on the transaction closing: http://www.wdc.com/sandisk/faq.pdf
So while the old tickers can’t be sold, you should be able to cash out by selling the new positions with new tickers.
Really good question. This is an area where MLP investing gets strange. Even though you own the MLP in your Roth IRA and you never took a distribution, you can still be subject to tax if the MLP generates UBTI (Unrelated Business Taxable Income) of more than $1,000 and CODI (Cancelation of Debt Income) is considered 100% UBTI. (See page 7 of this LINN Energy exchange offer).
Also, since the MLP is in your Roth, there is no way to take advantage of the capital loss.
It is definitely worth talking with your tax / financial advisor to determine whether you sell your shares before a bankruptcy, hold, or participate in any proposed share swaps.
I don't think it is an overreaction. Bond prices run inversely to interest rates. As interest rates go up, bond prices are going to go down. When you look at a bond or a bond fund, you should always keep an eye on the duration. TLT is a fund that owns 20+ year Treasury bonds. The average maturity is 26.41 years. The duration is 17.9 years. That means for a 1% increase in long interest rates, the fund will drop in value by approximately 17.9%.
Since the election, long interest rates have been rising. If interest rates keep going up, TLT will continue going down in price.
Hope this helps.