RS Crum, Inc.
Ashley Bleckner is an Advisor with RS Crum and also works in collaboration with a number of the lead advisors in the areas of financial planning and client service. RS Crum specializes in providing objective financial advice to help clients manage, grow, and protect their assets during their working lives and through retirement. Ashley and the team has a mission to help people make sound financial decisions, accumulate and preserve wealth, and otherwise pursue their life goals without the burden of financial stress.
Prior to committing to RS Crum, Ashley spent over three years with a wealth management firm based in Toledo, Ohio serving as a Client Relationship Manager where she helped develop, coordinate, and implement financial plans and manage day-to-day client requests. Ashley takes great pride in her client relationships. Actively involved in the community, Ashley is a member of the Orange County FPA and CalCPA. Ashley has volunteered her time on a number of philanthropic projects, including WomanSAGE, “It’s Your Money,” Alzheimer’s Orange County, and is a co-founder of the Austin Kudzia Scholarship.
Ashley has a passion for travel, education and the arts. She has previously studied in Florence, Italy and has taught several college classes in Economics. Ashley has a Bachelor of Science in Business Economics from Miami University and a Masters of Arts in Economics from Bowling Green State University.
MA, Economics, Bowling Green State University
BS, Economics, Miami University (OH)
Assets Under Management:
R.S. Crum Inc. is a fee-only wealth advisory firm. Our services are directed primarily toward individuals or families who have accumulated significant net worth. For information regarding a specific service, please contact one of our advisors. SEC Disclosure: Investment advisory services offered through R.S. Crum Inc., a registered investment advisor. Treasury Circular 230 Disclosure. In order to comply with requirements imposed by the Internal Revenue Service, we inform you that any U.S. tax advice contained in this communication (including any attachments) is not intended to be used, and cannot be used, for the purpose of (a) avoiding penalties under the Internal Revenue Code or (b) promoting, marketing, or recommending to another party any transaction or matter addressed herein. Privacy Notice. This message is intended for the person or entity to which it is addressed and contains information that may be confidential or exempt from disclosure law. You are hereby notified that copying or any use of this communication, except in accordance with its intended purpose, is strictly prohibited.
Unfortuantely child care is quite costly. You are right around the national average.
Like many things, I reocmmend getting a quote from various alterntaives and reviewing the pros/cons of each. That will give you a more specifric average of your area and help eliminate some of the unkowns.
While examining expenses, it may also make sense to examine income. Can you ask for a raise?
Send me an email if you want to discuss further - firstname.lastname@example.org.
Great question. Retirement/longevity planning is not a black and white topic. I recommend connecting with a fee-only financial planner to sort through all the variables - you can find a trustworthy one here.
This type of an analysis is better compared to a compass, rather than a roadmap. That is, the planning helps determine if you are on the right path, but variables are always changing. I encourage you to continue to revisit the plan each year to ensure you are still on track.
Some variable a financial planner will consider in addition to the notes you made above:
- Does the above summarize all assets?
- How are your accounts invested?
- Is the pension income the only retirement income? Are there Social Security benefits, rental incomes, etc.?
- What are your monthly expenses (fixed and variable)?
- What are your insurances (Long term care, health, life, etc.)?
- What is your tax rate?
- What does retirement look like for you?
- Are there significant purchases you plan on funding?
- Do you have debt?
- What are your legacy goals?
- How will you obtain health insurance before Medicare?
- What inflation rate should you consider for various buckets?
I hope this helps and provides a bit of clarity. I'm happy to connect via phone and discuss further or answer any other questions you may have along the way. Feel free to reach out to me here.
Great question! Do you want to spend the money? Or, continue to save and possibly move the money? Typically, the options after quitting a job are:
1) Leave 401(k) where it is. This is the easiest choice because it requires no action, but there are disadvantages including investment choices, high expenses, and lack of simplicity/consolidation.
2) Roll over balance to next company 401(k). This is a good way to consolidate assets. There will still, however, likely be limited investment choices and possibly higher expenses.
3) Roll over your 401(k) to an IRA. This is typically what I recommend my clients do. This allows them to have the entire investment universe to choose from and typically has lower costs. The disadvantages of this option can include an extra account (less consolidation) and the IRA will not be subjected to ERISA rules/protection.
4) Cash out 401(k). I do not recommend this option as it subjects the assets no only to income taxation, but also a 10% penalty if you are under 59.5. There usually isn't a lag on getting your vested asset balance in cash, but I recommend you speak with a tax professional and financial planner before taking this step.
I hope this gave a bit of clarify. Give me a call if you have any other follow up questions or if you would like to discuss further.
With health care costs climbing at an astronomical rate, individuals are bearing a greater proportion of the bills. Here are a few suggestions that have worked for me and my clients in the past:
1) Negotiate. Success will vary dramitcally between providers, it doesn't hurt. Start by asking for a 35% reduction and negitatie from there. Also, paying in cash can also lead to a discount. With this method... the sooner, the better. In the future, I encourage her to negitiate before procedures.
2) Review itemized bill. Don't assume items are correct, just because they are on the medical bill. Review each item and make sure it makes sense.
3) Check state laws for out-of network providers. There may be protection available. https://consumersunion.org/insurance-complaint-tool/#pennsylvania
Happy to connect if you have any follow up questions.
Before making a choice, consider the following:
- What is the relationship between the successor trustee and the beneficiary(s)? Is the successor trustee also a beneficiary?
- Where does your successor trustee reside? Distance will make things difficult.
- How complex are the trust assets and provisions? Is the trust intended to continue indefinitely? Are trust assets comprised of any real estate, family business assets or highly valued collectibles?
- How many successor trustees are listed? Avoid naming multiple trustees as this can lead to disagreements and delays.
Most people choose a family member or close friend to be a successor trustee. However, there are other options available and there are pros and cons to each.
- Family or Friend: This is a common choice and makes a great deal of sense on several fronts. First, this person would have a deeper understanding of family history, relationships, and the goals of the trustors at the onset. However, choosing a family member or close personal friend comes with a caveat. Choose one with a background in business or finance or both. The benefits here are clear because much of what a successor trustee does involves making financial decisions and dealing with banks, financial institutions, attorneys, real estate experts, CPAs and other advisors. I offer an alternative consideration, choose the person you believe has the greatest integrity. Obviously a great deal of trust is placed in a successor trustee. A trustee with high integrity will strive to do the right thing above all else. I personally gave this quality a great deal of thought when choosing the successor trustee of my family trust. Though most trusts state the trustee is entitled to charge a fee for their work (and I highly recommend they do), the family or friend successor trustee does not often charge for their time or effort out of guilt.
- Professional Private Trustee or Fiduciary: This option is not well known and unfortunately is not discussed often enough. Simply put a Professional Private Trustee is a trustee for hire. There are several advantages to naming a professional trustee; above them all are objectivity and efficiency while maintaining a personal approach. Through their experiences they have the contacts for independent tax, legal, and financial advisors to fit the unique nature of any estate or trust, including specialized areas such as art, cars, or jewelry that a family member or friend may not. Unlike a Corporate Trustee, Private Trustees have the flexibility to meet with the trustors and beneficiaries making their service a much more personal experience. This personal approach, along with their objectivity, can help navigate family conflict. Expect the fee for a Private Trustee in the range of 1 to 2% of the trust value.
- Corporate Trustee: The Corporate Trustee comes in the form of a large institution such as a bank or trust company. They have deep resources and experience within the firm to rely upon (for example, investment management and tax consulting). Another advantage of a Corporate Trustee is their longevity that could be well suited for trusts with young beneficiaries, generation skipping provisions or endowment provisions. However, they tend to be bureaucratic and slow to respond. Also beware of their motivation to manage financial assets; recent trends have Corporate Trustees shying away from illiquid assets such as real estate and businesses. Cost tends to be higher for this option exceeding 2% of trust assets.
Before you make your choice consider all of your options. Review your trust document and take into account what you want to accomplish with your trust. Do you need to make a change? What are the assets? How might the beneficiaries react when you pass or become incapacitated? If you think you may need to update your successor trustee call your attorney or we would be happy to facilitate a conversation.