Russ Blahetka

CFP®
Personal Finance, Investing, Lifestage Based Planning
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“Russ Blahetka, founder and Managing Director of Vestnomics Wealth Management, is committed to providing his clients with personal financial planning, investment management, and other wealth management services on a fee-only basis.”
Firm:

Vestnomics Wealth Management, LLC

Job Title:

Managing Director

Biography:

Russ Blahetka, CFP® is the founder and Managing Director of Vestnomics Wealth Management, an independent, fee-only, Registered Investment Advisory firm serving individuals, families, and self employed individuals. He founded Vestnomics on the simple concept that everyone has the right to achieve their financial goals. Prior to this, he was a Financial Advisor and District manager at Waddell & Reed.

At Vestnomics the focus is on the human side of finance. Together, Russ and his team cut through the jargon and media noise and focus on the personal, human aspect of their client's finances. Vestnomics is a personal, economic advisor. The fee structure for the firm is transparent and reasonable. They offer hourly or flat fee for financial planning and also offer assets under management based fees. Russ' clients receive regular communications on their portfolio's performance as well as timely updates of market conditions. All advisors at Vestnomics are bound by the CFP® Board's code of ethics. This means Russ and his team are bound by the "best interest" standard, not the less strict "suitability" standard.

In addition to helping clients towards their goals, Russ teaches "Investments in Personal Financial Planning" at the UC Santa Cruz Extension. Additionally, he teaches "Financial Statement Analysis" in the extension's CPA and Business Administration program. Outside of his professional endeavors, he can be found taking lessons in an Evektor Sports Star working towards his Sport Pilot License. Furthermore, he serves on the board for Title IX Media, an organization which promotes gender equality in sports, and the Academy of Finance at Independence High School.

Education:

DBA, International Business, Argosy University
MBA, Global Business, San Jose State University

Assets Under Management:

$14 million

Fee Structure:

Fee-Only

CRD Number:

4547259

Disclaimer:

Information contained in this posting is informational and educational in nature. Do NOT take information provided here as legal, tax, or investment advice pertinent to your specific situation. Any information posted here is not a solicitation of any type, nor does it constitute an opinion on the appropriateness of any investment either in general or specific to the reader's situation. Do NOT act on any information or answer without obtaining legal, tax, and/or investment advice  specific to your situation from an appropriately licensed professional.   

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    Retirement, IRAs
How do I rollover a 403(b) retirement account into an IRA?
100% of people found this answer helpful

Hi

I'm sorry you are having these difficulties.

403(b) p[lans are weird animals, especially non-ERISA plans (typically used in schools). In their attempt to protect against fraud sometimes doing anything can be onerous.

Like 401(k) plans, each plan has their own rules as to what is needed to roll money out of he plan to an IRA. Many 401(k) plans will accept phone instructions, and will not accept paper requests. Others will only accept paper requests. Still others will only accept web site requests. The employer sets the requirements, but of course the the sponsor provides 'guidance'. In one rollover I initiated, the plan required the signature of someone at the district office who took a six week ummer vacation, and of course, there was no one else authorised to sign the papers to approve the request

Here is a suggested plan of action:

  • Contact your previous employer
  • Find out who the authorized person is
  • Talk to the person to let them know what you are trying to accomplish
  • Have your new form send the paper work to that person WITH a self addressed stamped envelope. (I NEVER send any paperwork to anyone (especially clients) without a courtesy stamped return envelope.)
  • Send it to them, with one of those little "Sign Here" flag(s) placed in the appropriate places
  • Follow up in seven business days to make sure it was received, or to have the person go through their inbox

The key here is to make it easy for the person to do what you need them to do. I realize they should do it, but if this is a school district or other academic office, many of them are understaffed (especially now) and they are trying to get ready for the next academic season. 

Good luck!

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    401(k), End of Life
Can you find out when, why, and how much a deceased relative withdrew from their 401(k)?
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June 2018
    IRAs, Stocks, Taxes
What should I do with the stock tender offer money I received due to a merger?
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May 2018
    Investing, Choosing an Advisor, Stocks
I need to report the proceeds of sales of shares from six different companies on my Form 8949 and Schedule D form, but my broker will not report these amounts because they were under $10.00; how can I report this information?
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April 2018
    Debt, Investing, Real Estate, Taxes
Will a federal housing administration (FHA) loan or conventional loans give me the maximum return over 30 years on a real estate investment?
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