“As the founder of D.M. Wealth Management, Inc. and commitment to financial planning excellency, Peggy Doviak is dedicated to the fiduciary standard and helping people plan their prosperity!”
Firm:

DM Wealth Management, Inc.

Job Title:

Founder

Biography:

Peggy Frazier Doviak, Ph.D., has been a CERTIFIED FINANCIAL PLANNER™ practitioner and portfolio manager since 2003. An adjunct professor since 2005, she has taught thousands of financial advisers in certification courses, including the CFP(r) and CRPC designations, along with graduate courses for  Masters' programs in financial planning.

Peggy entered finance in 2003 after her mother had a bad experience with a stock broker, and she has been a financial education advocate her entire career. In 2007, she served on the task force for the Oklahoma State Department of Education’s “Passport to Financial Literacy,” Oklahoma’s financial education curriculum mandate. She is a former member of the Advisory Board for the Journal of Financial Planning and is on the Academic Committee of the Financial Planning Association. She was recently appointed as an advocate for the Women in Finance initiative (WIN) by the CFP Board of Standards, and she is a graduate adjunct professor at Oklahoma State University.

Additionally, Peggy Doviak is a public speaker and author with experience in radio and television. She is active in financial literacy initiatives and works to promote the financial planning profession. Her book, 52 Things a Broker Might Not Tell You: Planning Your Prosperity In a Year, is available on Amazon and her website, www.peggydoviak.com. Book Peggy for a talk or workshop if your group wants help in planning their prosperity!

Peggy and her husband, Richard, enjoy traveling. She loves her two cats, Pumpkin and Sandy, and she can often be found with her horse, Maggie, training to be a barrel racer.

Education:

PhD, Education, University of Oklahoma
MS, Finance & Financial Analysis, College for Financial Planning
MA, Creative Writing, University of Central Oklahoma

Assets Under Management:

$19 million

Fee Structure:

Fee-Only

CRD Number:

4608727

Disclaimer:

Investing is risky, and you can lose money. Consult your CPA, attorney, or CERTIFIED FINANCIAL PLANNER(tm) practitioner, as your situation may be different than the questions and articles you are reading.

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    IRAs
Can I contribute to a Roth IRA and still participate in my employer-sponsored retirement plan?
64% of people found this answer helpful

Whether or not you can fund a Roth IRA is a function of your Adjusted Gross Income (AGI). In 2016, the phaseouts for funding a Roth are

Single: $117,000-$132,000

Married Filing Jointly: $184,000-$194,000

Married Filing Separately: $10,000-$10,000

If you earn more than the phaseout, you cannot fund a Roth. If you earn less than the phaseout, you can fund the Roth. If you earn an amount within the phaseout, you can partially fund the Roth at the percentage of income that is left in the phaseout. To put that in English, if you are MFJ and earn $185,000, you are $1,000 of the way into a $10,000 phase out, or 1/10th. That means you could fund the Roth up to 90% of the allowable amount for the year, $5,500 or $6,500 if you are over age 50.

You may have noticed two peculiar things. First, the single phaseout is broader than the married phaseout. That's because IRA funding still has the "marriage penalty" associated with it. Second, the married filing separately phaseout is amazingly low. That's because the IRS penalizes married couples who file separately to stay in lower tax brackets.

Your participation in an employer-sponsored retirement plan has nothing to do with any of this. You may be thinking about the deductibility of traditional IRAs, which can be affected by plan participation. I hope this helps. Be Prosperous! Peggy Doviak

November 2016
    Stocks
Why do the indices of the DOW and S&P 500 move together?
64% of people found this answer helpful
October 2016
    Investing, ETFs, Stocks
Do ETFs provide greater returns than stocks?
64% of people found this answer helpful
April 2017
    Retirement, IRAs
Does it make sense to transfer our IRA to a different branch?
60% of people found this answer helpful
October 2016
    Personal Finance, 401(k)
Should I opt out of my 401(k)?
60% of people found this answer helpful
September 2016