Intrepid Wealth Partners, LLC
Founder & CEO
Hello, my friends call me Derek or DJ. Thank you for taking the time to learn more about our team and what we do. I am the Founder and CEO of Intrepid Wealth Partners, one of four companies I have been involved with.
I am married to my lovely wife Amanda. We have a 6 year old son (going on 15!) Neary, and an old rescue dog, Murphy, who is a mix between a German Sheppard, Husky, and something else! We love to travel, meet new people, and try new and different types of food.
I am an American and Irish dual national, having been born in Dublin, Ireland. My son also enjoys the benefits of dual citizenship, however my wife was born and raised in Minnesota. Our travels throughout the world have taught us that most people are genuinely good and want what is best for themselves, their families, and others. We have had the privilege of meeting some great people along the way, who have helped expand our horizons, both professionally and personally.
As a Certified Financial Planner® Professional, I specialize working with Entrepreneurs, Founders, Business Owners, Startup Companies and their Families to realize their hopes, dreams & goals through the leverage of financial education and our financial planning process.
Please think of me and my team as your resource. Feel free to contact us with any questions you may have.
BA, Anthropology & Archaeology, University of Minnesota
Assets Under Management:
Fee based, Financial Planning Fee, Commission
*Derek Notman is registered as an Investment Adviser Representative, under Eagle Strategies LLC, a Registered Investment Adviser, offering advisory services in the states of WI, MN, OH, IA, MA, NY, NJ, NH, VT. As such, these services are strictly intended for individuals residing in WI, MN, OH, IA, MA, NY, NJ, NH, VT. **Derek Notman is also a Registered Representatives of and offers securities products & services collectively through NYLIFE Securities LLC, Member FINRA/SIPC, a licensed insurance agency. In this regard, this communication is strictly intended for individuals residing in the states of WI, MN OH, IA, IL, MA, NY, NJ, NH, VT. No offers may be made or accepted from any resident outside the specific states referenced. Derek Notman is an agent licensed to sell insurance through New York Life Insurance Company and may be licensed with various other independent unaffiliated insurance companies in the states of WI, MN, FL, IL, IN, MO, NV, OH, NY, NJ, MA, NH, VT, CA ( Derek's - CA Insurance Lic. 0K35010). No insurance business may be conducted outside the specific states referenced. Intrepid Wealth Partners, LLC is not owned or operated by NYLIFE Securities LLC or its affiliates. Neither Eagle Strategies, LLC, its affiliates nor Intrepid Wealth Partners or its employees provide tax, legal, or accounting advice. Please consult your own tax, legal, or accounting professional regarding your particular situation.
Intrepid Wealth Partners HD
Great question. Rolling over a retirement account does not count towards your contributions for the year, thus you could still contribute. Make sure to follow the IRS rules for rollovers, you can learn more here in this article outlining all your options by the IRS.
Second, it depends! I would suggest you take a step back and consider your financial situation in light of this windfall, here are some things you should think about before making any decisions.
I am here as a resource should you have any questions.
Thank you for your question!
You should first consider what your Asset Allocation strategy is, then you should consider whether you want to be actively involved with your account or to put it on auto pilot more or less. Also, make sure to consider the internal fees/expenses of each option.
Meeting with a qualified professional to help determine the right strategy would be a good place to start.
Please consider me a resource should you have any further questions.
Great question! If you have the time and patience to seek out a variety of individuals, then there is a possibility you may get some solid advice from each of them. The problem with this strategy, however, is that all of these individuals are working for you in a different capacity and most likely not talking to each other before making recommendations to you.
Working with a comprehensive financial planner is like working with your primary physician, quarterback, or even general contractor. They get to know you, educate you on all your options, explain how all the different pieces fit together, and then can refer out to certain specialties as needed, but always tying it all back together as a comprehnsive financial plan. Statistics have shown that those who work with a comprehensive planner and have a financial plan tend to have significantly more assets than those who don't.
I hope this helps!
Thank you for your question.
Generally speaking, the death benefit proceeds of a life insurance policy are received income tax free. However, there are circumstances, depending on the ownership of the policy and if the premiums were deducted, that could change the tax situation. Also, any interest earned on the proceeds from the time of death till the time you receive typically is taxable income to the beneficiaries.
I would encourage you to speak with a life insurance agent as well as a tax professional to discuss your particular situation.