Thomas M Dowling

CFA, CFP®, CIMA®
Retirement, Investing, Insurance
94%
Helpful
69
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2
Articles
343
Followers
“With over 20 years of experience in the financial industry, Thomas M. Dowling firmly believes that "it’s better to be interested than interesting". He doesn’t just hear - he listens - and that is what allows him to provide customized financially responsible strategies that each individual requires.”
Firm:

Aegis Capital Corp

Job Title:

Executive Managing Director

Biography:

Thomas M. Dowling is an Executive Managing Director with Aegis Capital Corp and works both out of Hilton Head, SC and New York, NY. Prior to Aegis Capital, Thomas directed the East Coast expansion of a publicly-traded Investment Banking firm and was Vice President and Senior Advisor of a regional Investment Advisory organization. He was a member of each firm's Chairman's Council and President's Circle. Shortly thereafter, he founded Quadstar Capital Advisors, which provides Advisory Services to Ultra-High Net Worth clients.

Thomas has been featured in various publications and has been a guest speaker at various financial organizations such as the Evelyn Brust Financial Research and Education Foundation and the South Carolina Business Review. He has also been a volunteer for The Dale Carnegie Training Institute which helps people develop leadership, communication and public speaking skills. Additionally, he is the founder and chairman of The Resource Group which is a forum that allows business owners to collaborate in order to help each other gain insight and knowledge to better run their business.

Thomas’s goal is to help people answer two of the most fundamental, yet important, financial questions:  "will I make it?" and "what can stop me from achieving it?". After working towards these goals for over 20+ years, he has found that most people have no idea what “it” is. His passion is to help people understand what their “it” is. He believes it is sad when someone is marching towards their goals and dreams and then gets blindsided by something they did not anticipate or overlooked.

Thomas received his BS in Business Administration with a minor in Finance from the State University of New York and completed the graduate-level Certified Investment Management Analyst program (CIMA®) held in conjunction with The Wharton School, University of Pennsylvania. Thomas is proud to hold both the Chartered Financial Analyst designation, as well as the CERTIFIED FINANCIAL PLANNER™ certification, which puts him in a group of fewer than 2,800 professionals in the United States who hold both certifications. Furthermore, he is a Chartered Retirement Plans Specialist.

Thomas is currently a member of the CFA Institute, New York Society of Security Analysts, CFA Society of South Carolina, Financial Planning Association, the National Institute of Certified College Planners as well as the Investment Management Consultants Association.

Thomas attributes his understanding of what is most important in life to his wife and two sons.

Education:

BS, Business Administration, State University of New York
Certified Investment Management Analyst Program, University of Pennsylvania, The Wharton School

Fee Structure:

Fee-Based
Commission

CRD Number:

2573963

Insurance License:

#LA-980252

Disclaimer:

Nothing contained in this publication is intended to constitute legal, tax, securities or investment advice, nor an opinion regarding the appropriateness of any investment, nor solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional. 

Registered Representatives offer securities, insurance and advisory services offered through Aegis Capital Corp, member FINRA/SIPC. No investment strategy or program can guarantee a profit or protect against loss.

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September 2016
    College Tuition, Lifestage Based Planning
August 2017
    ETFs, Investing

All Answers
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    IRAs, Taxes
Why is my entire Traditional IRA withdrawal counted as income?
25% of people found this answer helpful

Contributions to Traditional IRAs, contrary to what happens with Roth IRAs, are typically tax deductible, earnings grow tax-deferred and the distributions (withdrawals) are treated as income and fully taxed.

There is a possibility where only earnings are taxable with traditional IRAs: if you make non-deductible contributions to your traditional IRA. If that is the case, you need to notify IRS that you are making non-deductible contributions to a traditional IRA with the Form 8606 Nondeductible IRAs when you file your tax return. It is your responsibility to keep track of the basis (the amount of non-deductible contributions) in your traditional IRA.

I suggest you to check if the two contributions of $10,000 you made over the 2 year period were funded with after-tax money, and if that is the case then you should inform your bank in order to correct this.
 

 

Nothing contained in this publication is intended to constitute legal, tax, securities or investment advice, nor an opinion regarding the appropriateness of any investment, nor solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional. Registered Representatives offer securities, insurance and advisory services offered through Aegis Capital Corp, member FINRA/SIPC. No investment strategy or program can guarantee a profit or protect against loss.

August 2017
    Social Security, Taxes
How will our Social Security benefits be taxed?
40% of people found this answer helpful
August 2017
    IRAs
Can I receive RMDs and still contribute to my IRA?
50% of people found this answer helpful
February 2017
    Personal Finance, IRAs
Do dividends from a taxable brokerage account count as income?
50% of people found this answer helpful
February 2017
    IRAs
What is the five-year waiting rule for Roth IRAs?
33% of people found this answer helpful
February 2017