Ted Halpern

AAMS®, CRPC®, AWMA, RFC
Retirement, Investing, Small Business
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“Ted Halpern's goal is to partner with his clients to build a disciplined, yet flexible strategy to navigate through life's events, and to be a financial advocate at every stage of the journey.”
Firm:

Halpern Financial

Job Title:

President, Wealth Advisor

Biography:

As Founder and President of Halpern Financial Inc., Ted Halpern is directly involved in developing and implementing wealth management strategies for affluent families and closely held businesses. He serves as Director of the firm's Investment Research Team and oversees the asset allocation process. Ted believes in educating clients toward a logical path of wealth accumulation. Since establishing Halpern Financial 20 years ago, he has worked to develop and implement wealth management strategies for affluent families and closely held businesses. Halpern Financial has offices in Rockville, MD and Ashburn, VA.

Ted founded Halpern Financial on the values of integrity, objectivity, transparency and fiduciary responsibility. To that end, Ted's team focuses on the financial needs of their clients in a manner that eliminates commissions and reduces investment expenses to institutional levels. Financial education is a crucial part of this journey.

Ted holds a degree in Finance from the University of Maryland. He is an SEC Registered Investment Advisor, a NAPFA-Registered Financial Advisor, an Accredited Asset Management Specialist (AAMS), a Chartered Retirement Planning Counselor (CRPC), an Accredited Wealth Management Advisor (AWMA) and a Registered Financial Consultant (RFC). He is a member of the Financial Planning Association, the International Association of Registered Financial Consultants and the National Association of Personal Financial Advisors (NAPFA). Ted is a dedicated husband and father. He and his wife Bethe live in Leesburg with their twins Jack and Lauren and their dog Einstein.

Education:

Finance, University of Maryland

Fee Structure:

Fee-Only

CRD Number:

2152322

Disclaimer:

Please remember that past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Halpern Financial), or any non-investment related content, made reference to directly or indirectly in this newsletter will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.

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May 2017
    Investing, Personal Finance, Financial Planning
October 2016
    Personal Finance, Senior Care
March 2017
    Alternative Investments, Financial Planning, Investing
May 2017
    Choosing an Advisor, Investing
October 2016
    Personal Finance

All Answers
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    Retirement, Asset Allocation, Retirement Plans
Should I simplify my retirement accounts and invest in target date retirement funds?
100% of people found this answer helpful

I would need more information to determine what would be a good plan for you individually, but there are potential drawbacks of target-date funds. Unfortunately, they are not the one-stop shop that they are often advertised to be.

  • Target-date funds are not specific to your individual situation and there is no consideration of your individual propensity for risk. Two individuals who retire in the same year may have very different risk tolerance levels – the level of volatility that you can personally handle – and the funds make no consideration for this. It is far too simplistic of an approach to assume that each person retiring in the same year should have the same investments in their portfolio.  These target funds also naturally have no consideration of your total financial situation – investable assets, real estate, business interests, debts, cash flow issues, etc.
  • Tax efficiency is not a consideration in target-date funds. They should not be used in taxable accounts. The fixed income portion can contain taxable income generating instruments, the equity portion can contain taxable income generating stocks and the turnover ratio is not managed with tax-efficiency in mind, causing potential capital gain issues.
  • Allocation can be adjusted and shuffled at the fund manager’s will. Again, this increases the potential tax burden. Although there is a stated post-retirement target mix, for example, ‘becoming more conservative until it reaches an allocation of x% equities and y% fixed income; z-years after retirement’, the fund manager is not held to any specific allocation path in the time leading up to this date or once the target retirement date is reached.
  • Funds have demonstrated a lack of consistency across the board in ‘glide path’ construction. The glide path relates to the allocation of the funds once the target retirement year is reached. For example, the allocation path of the fund does not know whether the fund will be retained and used to support the retirement income needs of the investor over time, or if the funds will be withdrawn and spent at or near retirement. It is logical that the allocation of a portfolio should be different for an investor who is actively withdrawing from the portfolio, than an investor who has no plans to draw from the portfolio yet these funds make no distinction.
December 2016
    Mutual Funds
What are the differences between A, C, and Preferred Shares?
100% of people found this answer helpful
December 2016
    Stocks
Can you buy shares in the Dow Jones Industrial Average (DJIA)?
67% of people found this answer helpful
October 2016
    Investing
How can I protect my investments?
October 2016
    401(k)
Why do I need to diversify my 401(k)?
October 2016