Intrepid Wealth Partners, LLC
Founder & CEO
Hello, my friends call me Derek or DJ. Thank you for taking the time to learn more about our team and what we do. I am the Founder and CEO of Intrepid Wealth Partners, one of four companies I have been involved with.
I am married to my lovely wife Amanda. We have a 6 year old son (going on 15!) Neary, and an old rescue dog, Murphy, who is a mix between a German Sheppard, Husky, and something else! We love to travel, meet new people, and try new and different types of food.
I am an American and Irish dual national, having been born in Dublin, Ireland. My son also enjoys the benefits of dual citizenship, however my wife was born and raised in Minnesota. Our travels throughout the world have taught us that most people are genuinely good and want what is best for themselves, their families, and others. We have had the privilege of meeting some great people along the way, who have helped expand our horizons, both professionally and personally.
As a Certified Financial Planner® Professional, I specialize working with Entrepreneurs, Founders, Business Owners, Startup Companies and their Families to realize their hopes, dreams & goals through the leverage of financial education and our financial planning process.
Please think of me and my team as your resource. Feel free to contact us with any questions you may have and don't forget to check out my blog, Smart & Simple Finance, to help you manage your money like you own it.
BA, Anthropology & Archaeology, University of Minnesota
Assets Under Management:
Fee based, Financial Planning Fee, Commission
*Derek Notman is registered as an Investment Adviser Representative, under Eagle Strategies LLC, a Registered Investment Adviser, offering advisory services in the states of WI, MN, OH, IA, MA, NY, NJ, NH, VT. As such, these services are strictly intended for individuals residing in WI, MN, OH, IA, MA, NY, NJ, NH, VT. **Derek Notman is also a Registered Representatives of and offers securities products & services collectively through NYLIFE Securities LLC, Member FINRA/SIPC, a licensed insurance agency. In this regard, this communication is strictly intended for individuals residing in the states of WI, MN OH, IA, IL, MA, NY, NJ, NH, VT. No offers may be made or accepted from any resident outside the specific states referenced. Derek Notman is an agent licensed to sell insurance through New York Life Insurance Company and may be licensed with various other independent unaffiliated insurance companies in the states of WI, MN, FL, IL, IN, MO, NV, OH, NY, NJ, MA, NH, VT, CA ( Derek's - CA Insurance Lic. 0K35010). No insurance business may be conducted outside the specific states referenced. Intrepid Wealth Partners, LLC is not owned or operated by NYLIFE Securities LLC or its affiliates. Neither Eagle Strategies, LLC, its affiliates nor Intrepid Wealth Partners or its employees provide tax, legal, or accounting advice. Please consult your own tax, legal, or accounting professional regarding your particular situation.
Intrepid Insights: Matt Howard, CEO & Co-Founder of EatStreet
There are so many factors to consider in order to see what would be the best course of action for you. I would encourage you to connect with a CFP professional and tax professional to see what would make the most sense given your financial situation. Taking the money out of your IRA may not be the best choice...
Chances are your money in the Roth IRA is just sitting in cash. Have you picked particular investments within the Roth IRA? Since the account is self directed, you are the one responsible for picking investments, and when to buy and sell them. Try giving Merrill a call to get the facts on what your account is doing currently, and then you can go from there.
Thank you for your question. Although there may not be a lot in your old 401(k) I would encourage you to keep the money and consider a rollover. Here is a nice article and graph that shows and explains what your options are for moving your money.
Please consider me a resource should you have any additional questions.
Indeed you will need a sponsor. I would suggest you choose one in which you would be happy working for/with for a while to get some good basic training. Given the recent DOL law changes, and how the industry as a whole is changing, you may want to consider getting your Series 7 instead. It is a more comprehensive study and exam, but will allow you to be able to do a lot more in the industry. It lets you do everything a Series 6 can do, and a lot more. You may also want to consider getting your Life & Health license in conjunction with your securities license.
I hope this helps!
Thank you for your question. Although the QDRO is typically a tax free rollover to an IRA for your sister, unless she is over the age of 59 1/2, she most likely would still be subject to the IRS 10% penalty for the type of distribution you mention.
I would encourage your sister to consult with a tax professional to make certain what her options are and the implications of each.