Paula Osenni

CFP®
Personal Finance, Retirement, Lifestage Based Planning
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  • Orange County, NY
  • 845-926-3139
  • www.act2transitions.com/
“With over 25 years of experience in the financial industry, Paula Osenni inspires clients to think outside the box about mid life transitions. She curates tools to guide them to what's possible; and coaches them to their best Second Act!”
Firm:

Act2 Transition Resources

Job Title:

Founder and Owner

Biography:

Paula Ferro Osenni founded Act 2 Transitions in 2016 after a 25-year career in financial Services. As a Financial Advisor at Ameriprise Financial, Paula helped clients reach their goals in the areas of Retirement, Education, Investing and Estate Planning. She consistently achieved high client satisfaction scores, and was named a Top Wealth Manager in Hudson Valley Magazine her last 3 years in practice.

Paula is a Certified Financial Planner (CFP), has a Master’s Degree in Finance and is member of the Financial Planning Association, the Kinder Institute of Life Planning and the National Association of Professional Women. She created her Second Act by combining her fascination with mid-life transitions and her financial planning skills to help others see the possibilities in their own life in the space between working and retirement. A frequent attendee at Kripalu Yoga Center and Omega Institute, Paula draws on many modalities in her coaching work, helping others to blend the “zen” of inner wisdom with the practical realities of their real lives to craft their own unique Act 2!

Paula has been married to her husband, Dan, for 35 years. They reside in the beautiful Hudson Valley of New York. They have two children, Brion and Nick. Outside of the office, Paula enjoys gardening, reading self-help and historical fiction books, and listening to music. She enjoys biking on country roads in the fall and visiting new places and cultures.

Education:

MA, Business & Finance, State University of New York Empire State College
BA, Business, Political Science, Labor Relations, Niagara University

Fee Structure:

Fee only advisor providing transition coaching/planning.

CRD Number:

2321203

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December 2016
    Lifestage Based Planning, Retirement, Retirement Savings

All Answers
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    Debt, 401(k), Real Estate
Should we rollover our 401(k) or pay off our mortgage with the funds?

Please DO NOT use these funds to pay off the mortgage! First, the cost of borrowing now is at historic lows. So the cost of money is better than it will ever be,and you have a great rate for an investment property loan. To withdraw 401(k) funds now removes the potential for gain on this amount for the next 25 years, and you pay a penalty for the privilege! By keeping the mortgage, you will benefit not only from the appreciation of the real estate, but also of the 401(k) investments, and keep Uncle Sam out of your pocket now. Using historical market returns, it should not be difficult to earn more than the 3.65% you are paying, especially in a rising interest rate environment. I am assuming you can cover the mortgage with your rental income. You can always decide to pay off the mortgage later or to accelerate payments if you feel you want to get rid of it. But honestly, at this interest  rate, I would get a 100 year mortgage if I could!

5 days ago
    Financial Planning, Stocks
How can I continue to build and earn off of an initial stock purchase?
5 days ago
    Retirement Savings, Investing, IRAs
Is selling covered calls considered a high risk strategy to generate retirement income?
5 days ago
    Retirement Savings
How are RMDs assessed for someone with multiple plans in more than one institution?
4 weeks ago
    Women & Money
Have women become a more important factor in our current business environment?
4 weeks ago