Intrepid Wealth Partners, LLC
Founder & CEO
➨➨Check out my blog, Love Your Finances, to get great tips & insights on all things financial.
Hello, my friends call me Derek or DJ. Thank you for taking the time to learn more about me and my firm. I am the Founder and CEO of Intrepid Wealth Partners, one of four companies I have been involved with and am leading the virtual financial advisor movement.
I am married to my lovely wife Amanda. We have a 7 year old son (going on 15!) Neary, and an English Setter we recently rescued from Lebanon! 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.
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.
It depends. Your financial situation and needs are different from everyone else thus it would be of value for you to have a financial plan done to assess your short and long term needs which can then drive how best to invest your money.
Thank you for the question.
Good question. It will depend. Her former company may require her to take a lump sum or monthly payments from the annuity. They also may allow the lump sum to be rolled over to an IRA. Rolling to an IRA avoids any current taxes and allows your wife to withdraw funds at her discretion.
Keeping it in the annuity versus rolling it over to an IRA will be determined by what the former company's rules are and if she can keep it where it is what the benefits of leaving it there will be.
I would suggest you get more details from her former company before deciding what to do.
It really depends. Cash flow shoudl first be calculated now and for many years into the future. This will help you determine how much risk/interest on your money you should take/need to achieve your cash flow needs.
Index annuities sound great in theory but beware and proceed very cautiously as there a lot of bad index annuities. They can be very expensive and lock up your money for many years. There are much simpler strategies and products available to help achieve the same end results.
Great question. Essentially any fund with a "Load" is one in which you will need to pay a sales charge to get in (A shares) or get out of (B shares in the first 7-8 years, or C shares within the first year.)
Different fund families have different loads for their funds and will sometimes give discounts to investors (or households) that invest over certain thresholds. All of this information can be found in the fund prospectus which should be reviewed before buying the fund.
A "No-Load" fund is one in which there is no load (or sales charge) to buy into or sell out of that fund.
Always do some research on the fund before making a purchase.
Thank you for your question. Rollovers can definitely be a confusing topic to understand. Keep in mind that your Thrift Savings Plan is essentially a 401(k). Here is an excerpt from a recent article I wrote on rollover options:
"Here is a clear and simple explanation of what a 401(k) rollover is and what your options are when you leave or retire from your job. According to FINRA, people have 4 choices when they start a new job or retire:
- Leave the money in your former employer’s plan
- Roll over the money to your new employer’s plan, if the plan accepts transfers
- Roll over the money into an individual retirement account (IRA)
- Take the cash value of your account"
To read the full article please click here. Please let me know if you have any additional questions.