Matthew J. Ure

Personal Finance, Retirement, Investing
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“Matthew J. Ure, Vice President of Anthony Capital, LLC- Southwest Region in San Antonio, TX, is committed to creating customized financial plans designed to meet the individual investment, asset, tax, retirement income, and insurance needs of his clients.”
Firm:

Anthony Capital, LLC

Job Title:

Regional Vice President

Biography:

Matthew J. Ure is Vice President of the Southwest Region of Anthony Capital, LLC. based out of San Antonio, TX.  Working with Dave Anthony as an Investment Advisor Representative (IAR), he serves clients in both government and private sector to provide them with a promising financial future. Living in San Antonio, otherwise known as Military City, he has become especially expert in optimizing the retirement outlook of Military and Federal Employees. Matthew is an avid learner and believes life is to be lived attaining as much knowledge as possible. As such, providing clients a comprehensive financial education is pinnacle to his career. He has taught hundreds of seminars touching on subjects ranging from debt solutions, investing, Social Security, pensions, and various forms of insurance.

After meeting with a number of federal employees, Matthew recognized a huge need for benefits education and basic financial planning among government employees. To serve this need, he founded Federal Benefits and Retirement (fedbenretire.org) , an association for civil service employees dedicated to helping them better understand and utilize their benefits.

Matthew received an associates degree from Dixie State University and then went on to earn a Bachelor’s Degree from Brigham Young University, where he earned over an additional 240 credits in a wide variety of subjects. Matthew has taken numerous post-graduate courses including a 4 month stint in Medical School. It was there that his background in finance got the best of him and after conducting a cost to benefit analysis, he decided the $750,000 price-tag and 10 years of education and training would be very constraining on his desired future plans. He instead joined his father and two of his brothers in what was always his best subject in school- finance, and he hasn't looked back!  Apart from formal education, Matthew served a two-year mission for his church in Thailand. He still speaks fluent Thai and enjoys traveling to Southeast Asia whenever the occasion permits. Matthew is the 8th of 11 children, which he will tell you was an education in and of itself.

When Matthew is not working you will find him spending time with his beautiful wife and his three rambunctious little boys. Like a true Texan, he enjoys any chance he gets to work with cattle and especially loves branding season. He is also involved with the Youth Program at his church and enjoys teaching young men life skills from fixing cars, cooking, building, shooting, survival skills, and the most manly of all, just plain hard work.

Education:

BA, Brigham Young University

Assets Under Management:

$14 million

Fee Structure:

Fee Only

CRD Number:

6444268

Insurance License:

#1974612 TX

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    Personal Finance, Lifestage Based Planning
Do I still have to withdraw RMDs if I work past 70 1/2 years old?
75% of people found this answer helpful

Great question! While I'd love to say simply "no" and "yes" to your questions respectively and let that be the end, I'm afraid the answer is rather "no, but..." and "yes."

Yes, if you are still working at or after age 70 1/2, you are not required to take out RMDs from your current employer plan until the year you retire. However, if you have other 401(k) plans or IRA accounts, or 403(b)s not rolled into your current employer account, you will need to take the IRS specified portion of your total combined account values NOT with your current employer and ensure that the specified amount is taken from any or all of the accounts collectively.

As a hypothetical example: You have $267,000 in your current employer 403(b), $10,000 in an IRA you setup, and $76,000 in an old 401(k) from a private school you taught at 30 years ago. The $267,000 is exempt but the $10,000 and $76,000 must be added together. You then use this $86,000 amount to figure total withdrawal necessary by dividing it by the age factor assigned by the IRS, (you can find the tables here: https://www.irs.gov/publications/p590b/index.html#en_US_2014_publink1000231236). Assuming an age of 72 at year end, a total of $3359.38 must be withdrawn from either the IRA, 401(k), or both before the end of the year to avoid the penalty. 

On the second part of the question, you are correct. You can make contributions, as long as you have income earned from a job that you are currently working.

As always, if you have need of more specific advise you should consult a qualified financial planner. Nothing within this response should be construed as individual advice, but rather general financial information.

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