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
It can continue to increase. Social Security is paid out based on an average of your highest 35 years of earnings adjusted for inflation. And those years don't have to be a consecutive 35 years or the last 35 years. So, if your current income is knocking off years where you had lower or no income, than your Social Security benefit will continue to increase. On the other hand, if you have been maxing out Social Security for 35 years, then continuing to work and paying taxes won’t increase the benefit any further.
Yes. IRS Publication 502, “Medical and Dental Expenses offers up the legalese but in short, if it is a qualified medical procedure / medication that would have been legal in the US, you will be able to use your HSA funds to cover the expense abroad.
If you were certain that interest rates were going to continue increasing, you would want to sell long term bonds. The longer the bond, the more the price will drop as interest rates rise. If you want to determine how much a bond fund will react to interest rates, the duration figure listed on the fund’s fact card explains the expected change in price based on a 100-basis point increase in rates.
As an example, the price of a bond fund with a duration of 10 years would drop by approximately 10% if interest rates were to rise by 100 basis points.
Unfortunately, the markets don’t ever offer you certainty and the problem becomes how you reinvest the cash once you have sold. For example, if you sell out of long bonds and go into stocks, you are dramatically changing the risk dynamics of the portfolio. If you shift into short term bonds or cash, you will be in worse shape should interest rates go down or stay where they are.
Good luck and hope this helps.
If you are a Social Security Disability Insurance (SSDI) recipient and receive an inheritance, it will not affect your benefits. SSDI is not a needs-based program and is not contingent upon your unearned income, including inheritance.
The only income that may potentially affect your SSDI benefits is any wages that you earn through employment.
Not all financial advisors do the same things. For example, someone that bills based on assets under management wouldn’t be likely to help. However, a financial planner that works on a flat fee or a retainer could probably give you some very solid guidance.
More to your question, this can be a very good idea but the devil is in the details. For example, you’d have to look at the economics of a worst-case scenario. Could you afford the mortgage, taxes, insurance, and up keep if you couldn’t find a tenant for the second unit? Do you have enough money for a down payment? Would you have to pay mortgage insurance? What is the assumed cap rate on the property? How stable is your full-time job? How much would you have to put towards your current property and how much would you have to save for future purchases? Do you want to be a property manager?
There are a few more details that go into the calculation, but the soundness of the financial decision will depend entirely on your personal circumstances.