Anthony Capital, LLC
Regional Vice President
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.
BA, Brigham Young University
Assets Under Management:
Simply put, yes you can invest in hedge funds assuming you meet the funds criteria for membership.
Those requirements usually follow the SEC minimum rule: you must have $1,000,000 net worth (assets- debts= net worth) OR have made over $250,000 for the last 2 years and will make at least that much this year as well ($300,000 for married couples). Those requirements are set to assure that the investor is an "accredited investor" and therefore should have the accumen to understand and the assets to risk on the advanced and aggressive nature of Hedge fund investments. Of course, individual Hedge funds can have much higher minimum net worth or investment requirements. Technically Hedge funds are allowed have up to 35 non-accredited investors enter the fund- that is over the lifetime limit of the fund. But again, people with less than $1,000,000 have much more conservative investment needs and cannot afford to risk as much. So to keep it simple, they will usually just stick to the million requirement.
For those investors who get cut out by the minimum requirements, some hedge funds will have investment funds that operate on a "similar" framework to their Hedge fund but that is available to retail investors. They do not duplicate the results of the Hedge fund but are usually positioned to mimic it's investments. These have appeal for those who want to play with the big boys but don't quite have the cash yet.
Perhaps instead of CAN you, we should look at SHOULD you. For the ultra high net worth, Hedge funds can offer access to the complex types of investments that they need to grow and protect their wealth. But if you have $1,500,000 - $5,000,000, though you certainly have the option to get into various Hedge funds and probably have even been to a dinner or event sponsored by a fund, consider this before you dive in. Warren Buffett runs Berkshire Hathaway. Not a hedge fund but with shares costing $293,000 a piece at today's rate, it definitely appeals to an exclusive crowd. He made a bad investment in 1993 (Dexter Shoes) and lost $433,000,000 of the funds money. That's $5,000,000,000 in today's dollars. He was frustrated and angry with himself for the poor decision and it hurt his track record and cost investors in his fund a bit of money. But it doesn't seem to have been catastrophic for any of them. How many investors could handle that? Even a pool of investors worth an average of $3,000,000 a piece would struggle to stomach that kind of loss.
In summary, Hedge funds are an investment option for those with the money or connections. But it would be ignorant to do something just because you can. A more balanced approach would be to create an overall plan or strategy based around your income needs, expected lifestyle, and final legacy you wish to leave. From there, the investment tools you utilize will not be just because you can or even just throwing crud at the wall, but rather part of a more organized whole- because in holistic financial planning "the whole is greater than the sum of the parts."
You can draw it over the 5 years. If you take that route, you do not need to take anything out this year- so long as the account balance is $0 by the times the 5 years is done.
Of course, depending on how much it is, whether you've been taking money out, and if you really want to stretch it, you could take the required minimum distributions out and take that over your lifetime as it continues to increase.
Are you asking whether he can stop paying Social Security permanently or just for this year because he is maxed out?
I hate to be the bearer of bad news but if you are asking the first question, there is no way for him to stop paying Social Security so long as he is working.
If you are asking the latter question- I'm afraid it would be difficult if not impossible for your accounting department to do so. Here's why: the Government will rectify any overpayment on his part when he files his taxes and refund him the difference but though the business will be matching, and therefore overpaying as well, the business will NOT be refunded the difference and Social Security will keep the employers overage.
Investopedia has an article that touches on this: https://www.investopedia.com/ask/answers/110614/what-are-social-security-tax-caps.asp
I hope that is helpful.
Congratulations on making it this far! You've worked hard to save your money so your question is very apt.
While I cannot give you individual advice regarding your investments because you have not supplied enough information about your situation, as a hypothetical short answer to the question I would tell someone you should allocate some money to the large cap mutual funds/ETFs for access and growth potential and the larger portion of the money to indexed annuities for safety with some growth at no cost (Bonds could fill a similar need).
Unfortunately, the long answer is the better answer because it is more thorough and that is that what you invest in and what type of account it is in, should be determined by how much you need to live for the varying stages of retirement. This answer should be personalized to YOU- but would require you sitting down in person or via video conference to determine what is YOUR best plan of action. And it will generally bring all the various parts of your finances together into one big picture.
Let me show by example: If we assume that you both made $250,000/yr each and your combined 401(k) value is $3,000,000, while that is a pretty good amount of savings. if you and your spouse decide that you do not want todecrease your current lifestyle, you'll need $400,000 a year just to keep up with what you're used to. Even with aggessive allocations with full liquidity and you will probably still not have enough money to last more than 10 years.
Given the exact same scenario, but income needs of only $100,000 a year, you could invest in very low interest treasury bonds and not have to worry about money for at least the next 30 years.
Pensions and Social Security also need to be brought into the plan because the payments from them can allow you to stay more aggressive than your investments would otherwise be. Similarly, taxes need to be planned into your investments because if your income is too high, it can push up your medicare premiums and your Social Security can go from being 0% taxable to being 85% taxable!
Retirement Management Analysts (RMA) are a designation that uses this philosophy to build out a plan and is a good place to start looking. There are also a number of qualified professionals here on Investopedia. If you have a unique situation like being a federal employee- look for someone who has that expertise. If most of your income will be from a pension, be sure that who ever you sit down with has a full understanding of how pensions work.
You're welcome to message me with any questions.
No. It is indemnity which means they are merely replacing something of value which was lost.
Therefore no W-9 is necessary.