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
Really good question. This is an area where MLP investing gets strange. Even though you own the MLP in your Roth IRA and you never took a distribution, you can still be subject to tax if the MLP generates UBTI (Unrelated Business Taxable Income) of more than $1,000 and CODI (Cancelation of Debt Income) is considered 100% UBTI. (See page 7 of this LINN Energy exchange offer).
Also, since the MLP is in your Roth, there is no way to take advantage of the capital loss.
It is definitely worth talking with your tax / financial advisor to determine whether you sell your shares before a bankruptcy, hold, or participate in any proposed share swaps.
Yes. EE bonds mature after 30 years but can be redeemed any time after they are 12 months old. If you redeem an EE bond before it is five years old, you will lose the last three months of interest.
With a SIMPLE IRA, your employer has until the filing of the business’s income tax return, including extensions, to make its matching contribution. So this doesn't seem malicious. The employer likely extended the tax return and is making the contributions prior to filing. When you leave the company, you will still be entitled to the money from 2015 and you will be able to roll it into a new plan if you so choose.
Here are the details from the IRS: https://www.irs.gov/retirement-plans/simple-ira-plan-faqs-contributions
Rather than reinvent the wheel, I’ll point you to Vanguard’s very good explanation of the changes to the money market accounts. https://investor.vanguard.com/mutual-funds/money-market-reform/
If you are an individual investor, the changes should be very minor. Retail money market funds will still have stable $1 net asset values like you are accustomed to. Institutional funds (for corporations and foundations) will have floating net asset values that will fluctuate based on market conditions.
As long as the money is in an ERISA protected retirement account - like a 401k - it is protected and can’t be seized. If you cash out a 401k and move the funds to your checking account, the money is no longer protected by ERISA and could be subject to garnishment. Also, a mortgage lender will consider the student loan defaults when deciding whether to lend money for a new home. This means you will either not get the home loan or the lender will charge an incredibly high interest rate that will make the home purchase very unattractive.
Your best bet is to keep the money in the 401(k) or roll the balance into an IRA to keep the assets protected until you work out the other issues.