Guided Wealth Management
Investment Advisor Representative
Since 2009, Jonathan Swanburg has been an Investment Advisor Representative at Tri-Star Advisors. Today he runs the firm's Guided Wealth Management service, offering financial planning and investment advice to working age professionals. He has an extensive fixed income background having started his career analyzing mortgage backed securities, municipal bonds, and structured notes. Jonathan's financial commentary has been featured in publications including Time Magazine, The Financial Times, The Wall Street Journal, and Financial Planning Magazine.
Jonathan attended college at Pepperdine University where he graduated with a Bachelor of Arts degree in Economics. During that time he was a macroeconomic teaching assistant, the President of Phi Alpha Delta, and a caddy at Riviera Country Club. From there, he went on to receive his Juris Doctorate and Master of Business Administration from Baylor University where he concentrated in Business Transactions and was recognized as the outstanding MBA graduate, top presenter at the Big XII case competition, and two-time winner of the Baylor MBA ethics case competition. Jonathan earned the Certified Financial Planner© designation in 2013 and is an active member of the State Bar of Texas.
Outside of work, Jonathan volunteers with the Houston Young Lawyers Association and enjoys playing golf, tennis, fishing, writing and spending time with his wife and two sons.
BA, Economics, Pepperdine University
JD / MBA, Baylor University
Assets Under Management:
Jonathan Swanburg is a Registered Representative offering securities through Calton & Associates, Inc. Member FINRA/SIPC and an Investment Advisor Representative offering advisory services through Tri-Star Advisors, an SEC registered investment adviser. Calton & Associates, Inc and Tri-Star Advisors are separate entities.
Jonathan Swanburg, Advisor Insights Interview
This sounds like a terrible situation and if these were federal loans, the answer would be yes. In the case of your private Sallie Mae loans, however, the answer is unfortunately no. Here is an Investopedia post from November on this exact topic: "Can Sallie Mae loans be forgiven?"
I really wish I had better news. Sallie Mae may work with you, but there is no official program in place to forgive private student loans.
I don't think it is an overreaction. Bond prices run inversely to interest rates. As interest rates go up, bond prices are going to go down. When you look at a bond or a bond fund, you should always keep an eye on the duration. TLT is a fund that owns 20+ year Treasury bonds. The average maturity is 26.41 years. The duration is 17.9 years. That means for a 1% increase in long interest rates, the fund will drop in value by approximately 17.9%.
Since the election, long interest rates have been rising. If interest rates keep going up, TLT will continue going down in price.
Hope this helps.
Unfortunately, you cannot apply directly to Fannie Mae Loan or Freddie Mac for a loan. Instead you have to apply for a mortgage through a traditional home lender and, if your loan qualifies, they can then sell your mortgage to one of the government agencies.
Good luck in the home search.
Depends what the cash is for. If the $500 is money you would need if your car breaks down, then the stock market isn’t the place to invest. You are better off staying in a cash account and building an emergency fund.
If the money is earmarked for the long term, buying a single fund like SPY will likely make more sense than individual stocks. Just be cognizant of trading fees and avoid them if at all possible. If you invest $500 and it costs $12.50 to buy and $12.50 to sell you need to earn 5%+ just to break-even.
Finally, if you have a part-time job at school generating earned income of $500 or more and you want to start saving for retirement, you might look into opening a Roth IRA. https://www.irs.gov/retirement-plans/roth-iras
Transferring title to a property is a formal legal process that requires proper documentation and filing. I would therefore highly recommend you use an attorney. Since this is a gift that will likely exceed the annual gift tax exclusion of $14,000 / person, the IRS will require that your parents prepare Form 709 “United States Gift and Generation-Skipping Transfer Tax Return” when they file their taxes. Assuming your parent's gift is less than the lifetime gift exclusion, which is currently $5,450,000, the gift shouldn’t cause them to owe anything extra to the IRS.