Michael Mezheritskiy

Retirement, Investing, Lifestage Based Planning
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“Michael Mezheritskiy is committed to helping people create strategies which will help them pursue their financial goals and objectives. He brings over 15 years of experience in the financial services industry to his clients.”
Firm:

Milestone Asset Management Group LLC

Job Title:

Financial Planner and President

Biography:

During Michael’s career, he has had the opportunity to structure very unique and complex solutions for high net worth investors. Prior to founding Milestone Asset Management Group, Michael spent well over a decade working with High Net Worth individuals and their families at Fidelity Investments. Michael was responsible for overseeing close to a Billion dollars worth of client assets, specializing in management, retention, and development of High Net Worth Clients, who have at least $1million in investable assets.

Michael also co-founded Visionary Private Wealth Management Group in 2013, a very successful RIA and in 2016 Michael launched Milestone Asset Management Group LLC. Michael is a committed fiduciary to his clients. Active in the community, Michael serves as:

- Board of Directors Avon Chamber of Commerce

- Sargent at Arms & Board of Directors member, Avon-Canton Rotary International Club

- Board of Directors Avon Dollars for Scholars

Michael resides in Avon, CT with his wife, Nelly, and their three beautiful children. When he is not at work, Michael enjoys spending time with his family and training in the mixed martial arts, specifically the art of Brazilian Jiu Jitsu.

Education:

BS, Finance, Suffolk University

Fee Structure:

Fee-Only

CRD Number:

282896

Disclaimer:

Disclosure: The posted information is for informational purposes only. This message does not constitute an offer to sell or a solicitation of an offer to buy any security. All opinions and estimates constitute Michael Mezheritskiy's judgment as of the date of the report and are subject to change without notice. Accordingly, no representation or warranty, expressed or otherwise, is made to, and no reliance should be placed on, the fairness, accuracy, completeness or timeliness of the information contained herein. Milestone Asset Management Group LLC is a registered investment advisor offering advisory services in the state of Connecticut and in other jurisdictions where exempted. 

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March 2017
September 2016
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January 2018

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    401(k), Taxes
Are 401(k) loans taxed?
68% of people found this answer helpful

Good morning this is a very tricky question. The loan from your 401k technically is not taxable, but it is. Let me explain. When you borrow from the 401k plan you get your check, deposit it in to your bank account and you then start to make payment on it. So far no taxes, however here is the catch, when you are paying your loan off, unlke 401k contirbutions, your loan payments do not come out pre-tax they come out AFTER TAX. However as soon as your loan payments hit your 401k plan they become pretax money and therefore when you take it out later in life (retirement) you will be taxed on that ammount again.

This is confusing so let me give you an example: You take out $10,000 as a loan, you are paying it off with after tax money and eventualy you pay it off. Now when you retire and you are taking that 10,000 distirbution out it will be taxed to you again. 

So as you can see at the end of the day loans are double taxed. This is not to say that loan is a good or a bad option this is simple answering your question.

Feel free to reach out if you need clarification.

Sincerely, 

Michael Mezheritskiy 

May 2016
    401(k), Taxes
How much will I have to pay in taxes on an inherited 401k?
37% of people found this answer helpful
January 2016
    Retirement, Retirement Plans
Can I withdraw funds from my 457(b) without penalty?
33% of people found this answer helpful
July 2016
    Choosing an Advisor
What are the fees associated with opening a brokerage account?
31% of people found this answer helpful
July 2016
    Marriage / Divorce, 401(k), IRAs
Can I roll my ex husband's 401k into an IRA and withdraw the funds I need?
31% of people found this answer helpful
July 2016