Peter J. Creedon

CFP®, ChFC®, CLU®
Personal Finance, Investing, Insurance
97%
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69
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12
Articles
219
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“With over 18 years of experience in the financial industry, Peter J. Creedon incorporates today’s advanced technology tools with industry experience to give his clients the best opportunity of reaching their financial goals.”
Firm:

Crystal Brook Advisors

Job Title:

CEO

Biography:

Peter is the founder of Crystal Brook Advisors. With over 18 years of professional experience in the financial planning and investing industry, Peter has successfully educated young professionals, entrepreneurs and advanced investors reach their financial planning and investing goals. As an educator, Peter encourages clients to ask questions. He will provide an understandable answer for each client's specific financial planning and investing needs.

Crystal Brook Advisors are committed to designing, developing, and implementing a broad range of investment advisory solutions which include comprehensive financial plans and investing programs with an established practice of high ethical and fiduciary standard, transparency, and expertise. Whether you’re a short or long-term horizon investor, we can help you or your business with the products and services that meet your specific financial planning and investing need.

Peter’s team provides expert advice by combining research with effective technology tools, bridging tradition and contemporary financial planning and investment management solutions.

Peter is a licensed Certified Financial Planner™ (CFP), Chartered Financial Consultant (ChFC), and Chartered Life Underwriter (CLU).

Peter holds two Bachelors of Science and a Master’s Degree. Prior to Crystal Brook Advisors, Peter was a Branch Manager and Financial Advisor at American Express Advisors.

Peter teaches Financial Planning and Business planning at the American College.

Peter has been published in various media channels: CNBC, Fortune Magazine, Investopedia, to name a few.

Education:

BS, Business Administration, Alfred University
BS, Health Care Administration, Alfred University
MPS, Health Care Administration, Long Island University

Fee Structure:

Fee-Based
Asset-Based
Commission

CRD Number:

2951761

Insurance License:

#LA-865096

Disclaimer:

Crystal Brook Advisors is a Registered Investment Advisor in the State of New York. Security Investments are not FDIC insured. Security Investments are not Bank guaranteed. Investing in securities involves risks, a potential of losing money when investing in securities. Before investing, review your investment objectives and Crystal Brook Advisors charges and expenses. Investments past performance does not guarantee future results. Visitors using CrystalBrookAdvisors.com website agree to accept our Terms + Conditions and Privacy Policy.

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

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November 2016
    Small Business, Taxes
August 2017
September 2016
August 2017
May 2017

All Answers
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    Debt, Retirement, IRAs, Real Estate
Should I withdraw funds from my IRA?
50% of people found this answer helpful

Since you are over 59 1/2 there should not be any penalty to withdraw funds your IRA, but as you indicated the amount you withdraw will be included in your gross income and taxed accordingly. If you touch your wife's IRA you most likely will face the 10% early withdrawal penalty, plus ordinary income tax (Federal, State and City, if applicable) on the withdrawn amount. 

Another thought is use the equity in house #2 or #3 and look into a home equitly line, since you are/ will be owner occupied. A home equity line is easier to get and can be much faster to obtain (weeks) at least compared to a mortgage. Be careful of  the different costs and consider the possible interest rate increases (as Fed and their effect/ cost of borrowing over time. You may also want to watch the tax overhaul debate since realestate and other deductions are under review and may be eliminated. One last thought is if you touch the IRA funds now, how will it impact your retirement scenario?

Consider reviewing the tax implications of the debt alternatives, IRA distributions, home equity line of credit (HELOC) or other credit line versus credit card debt with your tax advisor. to minimize tax unwanted or unintended surprises.

Consider a fee only financial planner to assist with the decision and alternatives.

 

October 2017
    Financial Planning, Investing, IRAs
Do I need to open a Roth IRA or can I just use a taxable account?
100% of people found this answer helpful
March 2017
    Life Insurance, Long-Term Care Insurance
How do I determine if long-term care insurance or life insurance is better for my family?
100% of people found this answer helpful
March 2017
    Debt, Estate Planning, 401(k)
Are mandatory payouts enforced for an inherited 401(k)?
100% of people found this answer helpful
March 2017
    Personal Finance
What is the difference between passive and active asset management? (SPY)
February 2017