TR Financial Mgmt Group
Paul Kluskowski is an Investment Manager with TR Financial Management Group. He focuses on providing wealth management and protection solutions for members of the nuclear power industry along with other high-net worth individuals and families. Together with his business partners and network of expert professionals, Paul helps affluent clients with the most important aspects of their financial lives: wealth preservation, tax mitigation, wealth transfer to heirs, asset protection and charitable giving.
Paul joined the financial services industry in 1999. Since that time, he has developed and honed his strategies for serving his clients’ best interests. Using a consultative and collaborative process, Paul develops a set of customized recommendations for each client’s unique needs. When working with Paul, investment management is only the beginning.
Nuclear power professionals and other successful people and families work with Paul to do the following: a) engage the capital markets in a risk-moderated manner, including use of statistically-derived strategies, b) make more sound financial decisions in today’s ever-changing, always uncertain political, economic and social environments, c) obtain an independent opinion from a seasoned, financial professional.
Paul spent four years with Morgan Stanley at the downtown Washington, DC office where he was a 3-time National Sales Award winner. He joined TR Financial in 2003 and became a partner in 2008. In his career, Paul has had the opportunity to successfully guide his clients through two significant bear markets. With an ever-alert eye on his clients' accounts, market risk management and mitigation has become one of Paul’s specialties. Paul is the former host of KDWA’s Money Matters. Lastly, Paul has had a number of articles published in Working Money, Options Trader, and Technical Analysis of Stocks and Commodities magazines. Most recently, Paul published his first book: The Game Changer's Guide to a Better Financial Life. You can find it on Amazon.com.
Paul has a passion for fostering abundance, sustainability and self-reliance in all aspects of life, not just financial. He is an avid vegetable gardener and supporter of the Driftless Organics CSA program. As a 25-year nuclear power veteran, including 8 years as a licensed operator, Paul is a proud member of the Professional Reactor Operators Society. He lives in a small Minnesota town with Lisa, his wife of more than 20 years, and their hound dog, Sammy.
BA, Physics and Math, Andrews University
Assets Under Management:
Past performance is no guarantee of future results. This material is provided for informational purposes and is not intended to provide specific investment advice. Rather, it is intended to be educational and supplemental to an ongoing Investment Advisory relationship. It contains our current opinions and those are subject to change.
Information and graphs are derived from sources deemed to be reliable, but are not guaranteed. Investing involves risk, including but not limited to loss of principal. This is not a solicitation to buy or sell any security, strategy or product. And, the principals, associates and/or employees of T/R Financial Management Group, LLC may have positions in any or all of the securities mentioned.
TR Financial Management Group, LLC, is a registered investment adviser in the State of CA, DC, GA, MA, MI, MN, OR, WA, WI. The adviser may not transact business in states where it is not appropriately registered, excluded or exempted from registration. Individualized responses to persons that involve either the effecting of transaction in securities, or the rendering of personalized investment advice for compensation, will not be made without registration or exemption.
Given the nature of your situation, I would suggest that you contact an attorney who specializes in real estate to help represent your interests. Property suitable for development seems to be selling well in various parts of the country due to the new housing expansion. You would not want to sell too cheaply to be sure. And in your case, the potential selling price is substantial. An attorney may be better able to assist in this matter.
I understand your frustration. It can be difficult to make a significant career change and still pay all your bills at the same time. I have two broad suggestions. The first is education. But rather than formal, college-type learning, begin reading books on the career area that you wish to enter. Read as many books as you can find until you become an expert! It really only takes about 20-50 books on a given subject to achieve a fairly high level of mastery. The second suggestion is a side gig. Find a way to launch yourself on the side in the career area of your choosing while maintaining your day job. Then, you can build additional income without sacrificing current income and security. Timothy Ferriss and James Altucher have both written some good books on the side gig. I highly recommend them. As for the $17,000, cash in the bank makes you far more resilient to the bumps of career transition. Investing and trading will come in good time. Best of luck to you!
If you are trading for your own benefit, then the tax rules here can be a bit complicated and subject to IRS interpretation. There are accounting firms that specialize in this area and I recommend that you contact one. In some cases, it is advantageous to create a business entity for the trading activities. This is especially important for short term trading as wash sale restrictions can apply. Only a competent tax professional can address this issue for your unique situation.
If you intend to trade other people's money, then you will need to register as a securities firm of some type. There again are firms that help with the registration process and of great benefit. Best of luck to you!
You are correct about the inverse volatility ETF, ticker symbol XIV (Vix spelled backwards!). It has posted some eye-catching gains over the past number of months. The tandem pair is VXX and XIV. The first attempts to capture long volatility while the second short. Both are constructed using VIX futures contracts. These are complicated products for sure. It is best to know that either can hand an investor large losses in short order. One needs to know how the VIX futures perform under a variety of circumstances and respond accordingly. These products are also relatively new with just a few years of availability. There is a growing body of books and research available for the VIX instruments. If you are contemplating their use, then I recommend doing your homework, or finding someone proficient in their use. And, do read the prospectus. There are some unique risks associated that will be of great interest to any investor.
You should be receiving a document titled "Annual Funding Notice" from your employer or plan sponsor. This is generally a mandatory disclosure for ERISA pension plans. In it, the plan sponsor must state the target funding percentage. I like to see the pension funding at 90% or greater, ideally 100%. Quite simply, this is a statement of what portion of known future obligations is covered by funds in the pension plan. If this funding percentage is below perhaps 75%, then the plan may have difficulty meeting its obligations at some future date. The Annual Notice will also have contact information so that you can ask the plan sponsor questions. Additionally, that Notice has important disclosures regarding the limits of Pension Benefit Guaranty Corporation coverage. Lastly, if you have trouble getting this document, then go to: www.efast.dol.gov and use the search tool.