Matthew J. Ure

RMA
Personal Finance, Retirement, Investing
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“The whole is greater than the sum of the parts- when all parts of a financial life are put together properly, incredible value is captured! ”
Firm:

Anthony Capital, LLC

Job Title:

Vice President

Biography:

Whether your question is about social security draw age, balancing risk and return in an investment, tax planning, or which strategy you should use to cover long term care needs, your chance for success improves dramatically with accurate information. Matthew believes his role is to guide clients through these trade offs using various tools, experience, and his training as a certified Retirement Management Analyst which centers every decision on improving retirement outcomes using math and science. 

Matthew has become an expert in optimizing the financial lives of public and private sector employees.   Several years ago, recognizing a huge need for benefits education and basic financial planning, he teamed up with The Society for Financial Awareness to offer workshops, seminars, and private consultations with a goal toward education. This collaboration has given thousands of public and private sector employees access to fiduciary advice while requiring no minimum investment amount. This educational approach that focuses on the best interest of the person has created millions in dollars of value for the attendees and their families.  

 He is a well know presenter in San Antonio and surrounding areas having taught hundreds of seminars touching on subjects ranging from debt solutions, investing, Social Security, pensions, insurance, and other financial topics. 

Being the 8th of 11 children- Matthew has real life experience in financial planning as he put himself through college, graduating from Brigham Young University with no debt and money in the bank.  He speaks fluent Thai and enjoys traveling whenever occasion permits. His personal life centers around being a father to 3 boys and husband to a beautiful and creative wife.

Education:

Brigham Young University

Assets Under Management:

$14 million

Fee Structure:

Fee Only

CRD Number:

6444268

Insurance License:

#1974612 TX

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September 2017
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    Debt, Retirement
Should I borrow from my thrift savings plan (TSP) to pay off $45,000 of credit card debt?
100% of people found this answer helpful

Yes, I would tell you to take a TSP loan and pay off the debt.

You can process it through tsp.gov, but if you're married you'll need to print and have your spouse sign in front of a notary. When you fill out the application, I would advise you to take the 5 year option to pay it off. This means you'll have the smallest payment but you can still pay off early if you would like. If you decide to retire before your TSP loan is paid in full, don't worry! Because it is a loan from yourself, it is totally forgiveable! All you will need to do is file the form that TSP will send you 30 days after retiring in order to claim the unpaid portion on that years taxes.

The reason it makes sense to take the loan is that you are most likely currently paying very high interest rates. For example: Assuming 16% rates, you're paying $7,200 a year in interest alone. Which means if you're paying the minimum monthly payment of $650, only $50 is going toward principle.  Further, TSP loans are currently around 3% and all the interest you pay is going into your account. So you're paying yourself the interest- that's a lot better than the bank.

The last step would be to take the money you were paying the bank and set up an allotment to send half the money to a savings account for emergencies and send the other half to TSP. 

I hope this helps. If you have any questions, don't hesitate to ask me to clarify.

2 weeks ago
    Debt, Financial Planning, Pensions, Social Security, 401(k)
What should I do with RMD funds after paying taxes if there is currently no need for the funds and I want them to grow with limited risk?
100% of people found this answer helpful
July 2018
    Real Estate, Taxes
How will I be taxed on the money from the sale of my house?
100% of people found this answer helpful
last month
    Retirement, Investing, Asset Allocation, Choosing an Advisor
Should I use annuities as a temporary investment?
100% of people found this answer helpful
last month
    Marriage / Divorce, Financial Planning, Pensions
What happens to my pension after I remarry?
100% of people found this answer helpful
July 2018