Meridian Financial Advisors, LLC
Georgia and Rich Bruggeman founded Meridian Financial Advisors, LLC in 1990 to provide truly fee-only advice and guidance without any conflicts of interest that accompany commission sales. Meridian Financial Advisors, LLC is a comprehensive financial planning and investment management firm. They have been providing financial planning services to individuals, families and small businesses since 1990 in a fiduciary capacity. While they advise their clients on insurance needs, taxes, retirement planning, estate planning, education funding and Long Term Care they specialize in portfolio management and securities analysis.
Georgia and her team give one on one attention to each of their clients and develop plans that consider their clients' specific time horizon, risk tolerance and stated goals. They take a comprehensive approach to their clients' finances because a decision in one area will affect the rest of the plan. As a financial planner, Georgia is often compared with the quarterback who not only is an integral part of the game but who depends on everyone else on the team working together.
In addition to holding the CFP® designation, Georgia is a registered investment advisor and earned her MBA in Finance from Babson College and has passed Levels I and II of the CFA program. Georgia is a member of the Financial Planning Association, CFA Institute and the National Association of Personal Financial Advisors (NAPFA).
Georgia and Rich live in Sherborn with their 2 sons, and also spend time in Cape Cod near their alternate N. Eastham office.
MBA, Babson College
BS, Business Administration, Skidmore College
Assets Under Management:
Because you are 29 years old, you should invest the Roth contribution lump sum. Even if we have a correction or even a recession, your time horizon is long enough that you will earn a good return. Dollar cost averaging allows you to take advantage of price pullbacks, but it doesn't work if the market is in a sustained uptrend. You end up paying higher and higher prices and would have been better off investing in a lump sum. But determining whether we will have a smooth or choppy market is unknowable, so the best course of action is simply to save and invest regularly and not try to time the market.
If your financial situation is realtively simple and you are only looking for investing and rebalancing help then maybe a robo advisor would work for you.
But if you are looking for a more hands on relationship with someone who knows your financial situation in detail and can offer proactive advice on a variety of financial areas a robo can't do that for you.
A robo cannot advise you on the correct trust to use to maintain the tax deferred status of your 401k if you were to die and had small kids. A robo is not going to be able to run different scenarios and model if you can make a non deductible IRA contirbution and converting to a Roth or that irrevocable trust income has to be paid out to avoid trust tax rates. A robo will not be able to advise you on the best low cost 529 plan, determine how much life insraunce you need and what kind to get. If you have a question on a financial topic and want to run it by someone a robo cannot do this.
Online financial planning tools are full of faulty assumptions and can make people feel more comfortable that they should. You can google reviews of online financial planning tools. They are very basic and should not be sued for anythign more than simple calculations.
If you have already rolled the stock over to an IRA you have lost your opportunity to utilize the NUA. This is why it is so important to talk with a professional before rolling over your 401k if you hold company stock.
You must transfer the stock directly from the 401k and pay ordianry taxes on the cost basis of the stock. After 12 months you can sell and pay long term capital gains taxes on the proceeds.
It depends on how much money you have. It is advisable to have 6 months living expenses in a savings account for Emergencies. You also need to be saving for retirement. When you have competing financial goals it is better to put funds toward your most pressing goal first. I cannot know what this is without any more informatin. While paying off the mortgage is a great goal you dont want to end up with a home but no cash. You need to balance the illiquidity of the home with your desire to pay off the mortgage. Illiquidity refers to the fact that your home cannot be converted to cash easily or quickly. Also it does not generate any income unless you rent it out.
Funds withdrawn from your IRA are taxed at ordinary income tax rates. To determine your tax bracket, you would add 85% of your Social Security income to the $14,000 withdrawal. Subtract the standard deduction of $6,350 and your Personal Exemption of $4,050. If you are single and your taxable income is less than $37,950, you will be in the 15% bracket and your estimated tax due would be 15% multiplied by your taxable income. Answering this question is a bit difficult not knowing your entire situation, which would include additional deductions on your tax return. But the math above should give you a good approximation.