Integrity Wealth Advisors
I love this business! I am passionate about building relationships and serving others . In this business I can only become successful by helping other people become successful - what a powerful thought! Every client is different, and because of that, presents unique challenges. No two days, or clients, are alike. I strive to provide the best service possible to my clients. I treat each client as if he/she was a close relative that needs my advice. My clients get to know me well as we engage in their financial planning experience together. In the long run, my clients become more than just clients, they become friends.
My focus is on working with higher ed professors and staff. There is a lack of service and unbiased advice to higher ed employees. I help these employees to understand and maximize their benefits, save for retirement, create retirement income, and understand opportunities that they have from outside income. I know that professors have unique needs and challenges and I help them to remove the guesswork from their financial lives.
I spent four amazing years in West Lafayette before graduating from Purdue University in 2011 with a major in Financial Counseling and Planning, and a certificate in Entrepreneurship & Innovation. I am a Boilermaker alumnus, but my football allegiance lies with the Notre Dame Fighting Irish. My father and I have been going to games together since I can remember. Go Irish!
In my free time, I am a huge sports fan. I also enjoy working out, reading, and spending as much time with my family and friends as possible.
Three Fun Facts:
1. Favorite Movie: Good Will Hunting "How do you like dem apples!?"
2. Favorite Musicians: Leon Bridges and Zac Brown
3. I am a Dairy Queen blizzard connoisseur. I will try any of them, but my go to is Reese's.
BS, Financial Counseling and Planning, Purdue University
Securities offered through Securities America, Inc., a Registered
Securities America Advisors, Inc., an SEC Registered Investment Advisor.
Integrity Wealth Advisors and Securities America are unaffiliated.
Office address: 8888 Keystone Crossing, Suite 1300. Indianapolis, IN. 46240.
Securities Licensed in IN, MI.
The Integrity Way | Integrity Wealth Advisors
All of the above answers are great. Too many individuals rely solely on taxable income during retirement. One other benefit to a Roth IRA, your contributions can be taken out at any time - without penalty. This is because they are after-tax contributions. Now, I don't recommend that my clients use this strategy often because a Roth IRA should be earmarked for retirement. But it is a nice thing to know. I've had clients that decide to retire at 50 that make it through their first few years of retirement on their Roth IRA contribution amounts until they can tap into their other asset pools. Roth IRA's are just very flexible.
Great question. There are a number of instances. Mainly, if you want your money to go to someone of your choice, rather than the choice of a probate judge, you should have TOD beneficiary designations. If you have children under 18, it makes sense to have a trust set up and named as your beneficiary. Also, if you have a church or other charity that you want the money to go to, they can be named in your beneficiary designation. If something were to happen to both members of the joint account simultaneously, you'd want a beneficiary designation on file to make sure your money gets passed on how you wish it to be.
Good questions! It's fantastic that you are taking investing seriously at such a young age. Something to consider, a 10% pullback in the market happens about every 18 months, on average. The last several years have been a bit of an anomaly, but every 18 months is average. Remember, you didn't "lose" the money if it is still invested. You only lose it if you were to cash it out at that point. Being a younger investor with several years of investing ahead of you, you should know that you will see plenty of 10% swings in your portfolio. If you aren't comfortable with that, you should invest very conservatively. Be careful when deciding to do it on your own. Value added by an advisor can make a huge difference in the long-run. Again, kudos to you for starting so young. You're already ahead of the game!
Good question. I will first say that the best way to know is to have your risk tolerance assessed and make decisions like this based on total household assets. However, at your age, you have a long time horizon before you will be retiring. You could benefit from being more aggressive and looking for low-cost equity heavy funds. The guaranteed savings account will yield you right around the average annual inflation rate, or below. This means if you invested a majority of your money in the guaranteed fund, you're really just treading water. Your purchasing power in the future would likely be about the same as it is today. While investing in equity funds (e.g. S&P 500 index or MSCI world indexes) is more volatile than the guaranteed fund, they also have more opportunity for growth. I would focus on these types of funds at your age.
This depends on how much of the $3,100 is represented by contributions. Say you're investing $3,000 and saw a lot of volatility and after a few years the account only grew $100 to $3,100, then the amount that is taxable is only the $100. The contribution amount to a Roth IRA can always be taken out without penalty as it represents money that has already been taxed.