DJH Capital Management, LLC.
Financial Planner | Wealth Advisor
Dominique J. Henderson, Sr. began serving in the financial industry in 1998. He is founder and managing member of DJH Capital Management, LLC. a registered investment advisory firm providing comprehensive financial planning and wealth management to high-net worth individuals and entrepreneurs.
Professionally, Dominique has spent nearly two decades in financial services building a diverse skill set in data analysis, investment research, portfolio management and financial planning. Prior to founding his firm, he spent years in institutional fixed income trading circles where he co-managed a multi-million dollar municipal bond strategy producing annualized returns in excess of 7%.
Dominique uses his expertise to build financial plans and investment portfolios that help his clients find greater financial contentment in their lives. He crafts custom plans to meet the diverse needs of each client in investment, tax, or estate planning. He deeply desires to see people “win” with their hard-earned capital.
Dominique’s financial advice has been featured in such publications as US News & World Report, GoBankingRates.com as well as, as his weekly podcast, Experiencing Financial Contentment. He uses the podcast as a medium to help promote financial literacy, economic empowerment and personal development.
Dominique is also an active member of the National Association of Personal Financial Advisors (NAPFA).
Master of Security Analysis & Portfolio Management, Creighton University
BA, Finance, Prairie View A&M University
Assets Under Management:
Dominique Henderson - Financial Advisor and Your Personal Finance Coach
Assets sold below cost (or basis) incur realized losses for which there is no tax.
To reduce tax liability, you may use losses to offset gains although there are specific rules on pairing short-term gain and losses (held less than one year) and long-term gain and losses (held more than one year).
As far as when you need to sell, that answer is based on whether you need the cash, like the stock, etc.
I've done a YouTube video on this if you want to check it out here:https://youtu.be/Lfo-n3iu35o
I hope that helps.
This is essentially a math equation weighing opportunity costs. The opportunity cost of using funds to purchase the credit or not.
You have to consider several factors first:
1. how much do you need to live on in retirement. This should be indexed by inflation to account for purchasing power;
2. life expectancy (for obvious reasons)
3. After you get that number, you then have to see how much (if any) you fall short with your existing retirement funds in place. (This would be all your assets using a very conservative withdrawal rate of 3-4%.)
Lastly, you would need to consider the deficit in step 3, to see if purchasing the credit for $120K helps you fill that gap more than having invested "x" amount over "y" amount of years to fill the gap.
This should help you determine if the purchase is worth it.
Hopefully this helps.
Unfortunately, there is no easy answer to this question. You haven't given the name of the ETF or mutual fund and all are not created equal. They can hold different investments, be managed by different investment teams, etc. There is also no indication as to what your goals are for this investment.
That being said, it sounds as if you need to either (1) buy the fund and just hold it expecting for the past history of the fund to repeat itself, or (2) hire someone to review your portfolio, capture your current risk tolerance and manage your assets going forward in alignment with those findings and your goals.
I do understand, it can be a difficult choice for consumers based on the "noise" in the media about doing it yourself, saving on fees,etc. But as a 20yr veteran of the industry, I'd say that this task is not easy. And depending on your station in life, age, and amount of assets it only gets more complicated.
I'd recommend speaking with a fee-only advisor if you choose #2 that can provide you with objective, conflict-free advice as they wouldn't be getting compensated by another company to sell products.
Is it possible? Yes.
The requirement is that they all be either "pre-tax" contributions or "after-tax" contributions so that you can just have one account. If it is a mix of the two types, then you will need to make a Roth conversion for the pre-tax contributions.
I hope that helps.
Get out of debt. Right now if any of your incomes cease, your parents will suffer.
Your best leverage, is to be debt free (at least of the mortgage) and not to be encumbered with more plates to juggle.
I hope that helps!