Jeremy Portnoff

MSFS, CFP, CIMA
Personal Finance, Retirement, Investing
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“Jeremy E. Portnoff, MSFS, CFP® founded Portnoff Financial LLC in 2005 to provide personalized Financial Life Management services with flexibility and objectivity based on the principles of fiduciary responsibility.”
Firm:

Portnoff Financial LLC

Job Title:

Certified Financial Planner

Biography:

With over 15 years of experience, Jeremy Portnoff is committed to offering comprehensive financial planning and investment management services to individuals and families across nationwide. In founding Portnoff Financial LLC, an Independent Fee-for-Service Registered Investment Advisor, Jeremy has championed what it means to be an individual advisor without a large firm: maximizing the firm's resources without losing the personalized and flexible benefits of working with an individual advisor.

Jeremy specializes in retirement plan distribution rules to help clients minimize taxation of retirement savings and pass them on to future generations in tact. Investment management is also something that Jeremy has much knowledge of and experience in. He approaches this area by utilizing various institutional portfolio strategies to customize an investment program for each individual based upon their unique needs and financial situation. The strategies he employs are based upon an understanding of how demographic trends, predictable consumer spending habits, and technological innovation drive the economy and financial markets. 

Jeremy has been quoted in several print and online publications including: The Wall Street Journal, Investor's Business Daily, Business Week Online, The Star-Ledger, Financial Planning Magazine, InvestmentNews, National Underwriter Life & Health, Bankrate.com, Boomer Market Advisor, AdvisorMax.com, and Morningstar.com.

Education:

CSUF, BA Business Administration (Finance)
Institute of Business & Finance, MS Financial Services

Assets Under Management:

$29 million

Fee Structure:

Fee-Only

CRD Number:

135099

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September 2016

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    Investing, 401(k), Asset Allocation, Mutual Funds, Stocks
What are some options I should consider when investing a large sum of money with a very cautious mindset?
60% of people found this answer helpful

Given the historically high valuations on the stock market in general and with bond market yields so low (risk of price decline when yields rise) it would seem reasonable to invest a lump sum with caution.

You have your typical dollar cost averaging which basically means to invest smaller increments over a period of time. For example, if you wanted to invest over a 12 month period, divide your $500,000 by 12 and invest about $42,000 per month. If you wanted to spread it over 18 months, then divide by 18 and invest about $28,000 per month. If the market does start to go down, your contributions would lose value however you'd be investing and accumulating more and more shares of the target investments at lower and lower prices which mean the breakeven gets lower and lower so that when the markets turn around, as they historically have, then the time it takes to recover is less than if you had invested a single sum near a market high. 

Consider your potential risk. Be sure to have a reasonable expectation on the level of loss that you could experience depending on how you invest and over what period of time. Most advisors will have software that can show a historical hypothetical of what would have happened over periods such as the financial crisis which can help to set that expectation of a worst-case scenario. Be sure to not invest any riskier than you are willing to see your portfolio decline. 

There are other, non-traditional ways to invest using strategies that have a market neutral or some kind of loss reduction approach but if you do something like this, you should work with a professional who understands how to build a defensive portfolio. 

 

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Why is my 401k unavailable after my employment termination?
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    IRAs, Taxes
If I missed the deadline for my 2017 required minimum distribution (RMD) but did withdraw in January 2018, do I include the RMD as income in my 2017 or 2018 tax filing?
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What are some basic tips for budgeting, specifically strategies for paying off debt and building good credit?
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    401(k), IRAs
What is the ideal contribution to a 401k?
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