Vistica Wealth Advisors
Jeff Vistica founded Vistica Wealth Advisors in 2015 to provide clients a place to receive unbiased, evidence-based advice. Above all else, the guiding principle of the firm is to place the interests of all current and future clients at the forefront of every decision. Jeff assists clients in developing long-term investment strategies that help each client solve financial issues and position them to achieve all that is important to them. His clients include individuals, families, retirement plan sponsors and institutional trustees.
Prior to founding Vistica, Jeff was a 2005 founding member of a similar independent Registered Investment Advisor firm, where he honed his vision for what became Vistica Wealth Advisors. He has been a financial professional in a variety of capacities since 2000, gaining seasoned experience from advisory positions at Mass Mutual, American Express and GE Financial.
After a few years of encouragement, Jeff recruited his father, Dan Vistica, to join Vistica Wealth as a follow up to Dan’s own seasoned career as an accountant and CFO. With any luck, Jeff’s son Henry (born in 2014) or daughter Daisy (born in 2015), might someday join the firm as well.
Jeff is an active member and financial literacy volunteer for the Financial Planning Association. He currently sits on the community board and chairs the investment committee for Interfaith Community Services in Escondido, CA. Jeff lives in Carlsbad, CA with his wife Lily and two children. To unwind, he enjoys golf, surfing and practicing yoga.
BA, Psychology, Loyola Marymount University
Yes - you would have had to have been married to him for a minimum of 10 years and your assumption of not being remarried would need to be true. Here is a link to SSA.gov's page with additional factors: https://www.ssa.gov/planners/retire/yourdivspouse.html
Yes it is fairly straightforward if you have the right focus. You want to make sure you're positioned to maximize your risk-adjusted, after-tax returns. Risk adjusted means you need to ensure your assets are only exposed to enough risk to sustain your goals. After-tax returns are all that matters, so to capture the most bang here you need to make sure you are holding the right type of assets in the right type of accounts. In other words you want to hold capital gain treated assets (i.e. stock funds) in your taxable accounts (i.e., living trust, joint account, individual) and hold ordinary income generating assets (i.e., bonds) in tax deferred accounts. And if you have tax exempt accounts such as Roths you'll generally want to place alternative investments or REITs there.
This sounds complicated but its not. Holding capital assets in taxable accounts let's you harvest losses to offset current portfolio income and minimize future gains (it also allows you to capture a foreign tax credit and step up in basis at death). Holding bonds in tax-deferred accounts defers the income on those bonds. Holding appropriate alternative investments in Roth accounts let's you capture available returns but defer the gains on usually tax in-efficient assets.
Once that structure is in place, start each year with a review of your overall asset allocation - how much you have in stock funds, alternative funds and bonds. What's the appropriate amount in each that will grow your assets enough to best help you sustain your desired lifestyle?
Next identify sources of income that will automatically hit your tax return. Social Security?, Pension?, RMD's, Dividend and Capital Gain distributions from your taxable investment accounts.
Meet any shortfall to fund your lifestyle by first selling stock funds at highest possible cost basis to minimize tax bite. This will be an efficient way for you to get to your desired 4% withdrawal rate. But important to make sure that 4% is sustainable for your circumstances.
Also if you're in the financial position to do so, consider naming a charity as the beneficiary of your IRA or donating the annual RMD to charity so to reduce your taxable income. Its also important to review estate planning documents and overall tax planning efforts to make sure your planning is up to date with current laws.
Good luck and all the best!
Hi thanks for asking the question before jumping into an annuity. Annuities can be useful tools in retirement planning and may have a place in your planning if your level of savings may not be enough to sustain your desired lifestyle.
What is the reason you are considering the indexed annuity?
Generally speaking you buy an annuity to protect against outliving your assets. So you therefore want to use up the least amount of savings to purchase as much income as possible. Typically a single premium immediate annuity or a qualified longevity annuity contract will provide that. Variable annuities and indexed annuities, for example, are not going to get you the same level of income without a higher premium.
I'd suggest taking a step back and reviewing your situation, your needs and objectives. If you have a qualified advisor, one who doesn't earn commissions based on selling you a product like an annuity, speak with him or her. Have the advisor help you project the likelihood of you funding and sustaining your desired lifestyle and if an annuity has a place or need in there. Also take a look at the benefits of delaying your Social Security income beyond full retirement age as well as review an appropriate investment strategy and plan for your 401(k) savings and any other savings/investments you may have. Good luck and all the best!
Hello this is a good question and tough predicament to be in. I would always strive to make sure you are putting in at least enough money into the 401k plan so you can receive all of your company's match. If your company provides a match, it's "free" money to you/your retirement. Also the sooner you start saving and investing the longer you have to benefit from investment growth and compounding. Beyond saving this base amount I would continue to focus on paying down the student loans as quickly as you can (or work for a nonprofit and perhaps get the loan forgiven!). Good luck.
Its always best to pay off credit card debt before anything else. Its not deductible, it costs a lot and it impacts your credit! Try to get rid of it as soon as you can.
Student loan debt may be deductible for you and perhaps if you're eligible for loan forgiveness you may want to back off on accelerating pay off of the student debt. If you work for a nonprofit organization for example you may be eligible for loan forgiveness.
In general though most debt is bad, paying off the debt of high income credit cards and also student loan debt is like giving yourself a guaranteed return, that would be close to impossible to replicate on investments.
Once your credit card debt is paid off and you've established a plan for pay off of your student loan debt, establish a 3-6 months cash reserve and then look at starting to invest. Good luck!