Structured Asset Management, Inc.
William Z. Suplee IV, CFA, CFP®, ChFC®, CASL, AIF, MBA, is President and founder of Structured Asset Management, Inc., a financial planning and registered investment advisory firm located in Berwyn, Pennsylvania.
Bill earned his bachelor's degree (Finance) from Ursinus College and his Master's of Business Administration (Finance) from St. Joseph's University in Philadelphia. He is a Chartered Financial Analyst® (CFA®) charterholder and a member of the CFA Institute as well as the CFA Society of Philadelphia (FAPHL). He is a Certified Financial Planner (CFP®) Certificant and member of the Financial Planning Association (FPA) and is the past President of the Philadelphia Tri-State Area Chapter of the Financial Planning Association (FPA – PTSA). Bill also holds the Chartered Financial Consultant (ChFC®)) and Chartered Advisor for Senior Living (CASL) designations from the American College. In addition, Bill holds the Accredited Investment Fiduciary (AIF®) mark from the Center for Fiduciary Studies.
Bill has authored numerous investment and financial planning articles for newspapers and other industry periodicals including the Journal of Financial Planning,The Legal Intelligencer, the Main Line Times, The New Jersey Law journal, and The Daily Local. He has also been interviewed about financial matters on local and regional television as well as for Various Publications including The New York Times, The Christian Science Monitor, Investment Advisor, Retirement Advisor, and The 401(K) Advisor.
Bill is a third generation financial professional dedicated to bringing quality solutions to investors' concerns. Bill was a member of the Philadelphia Stock Exchange for twenty years and has extensive knowledge of equities, options, risk management, portfolio management, and foreign currencies. Bill has been an adjunct professor of Investments at The American College in Bryn Mawr, PA and for the College for Financial Planning.
BS, Finance, Ursinus College
MBA, Finance, St. Joseph's University
Assets Under Management:
Most pensions payments are income for federal tax purposes. If you only have Social Security, it probably won't be taxable, but when you add pensions and IRA distributions you lose some of the tax advantage and the Social Security becomes taxable up to a maximum of 85%. Pension payments may or may not be considered income on a State level and this varies greatly with some excluding it, some including it, and some taxing a portion of it.
You can roll an SEP into an IRA. If you have multiple IRAs and won't make any further contributions to a SEP, this simplifies management and record keeping. If it is your only IRA, why bother?
It can be converted to a ROTH if you pay the taxes on the value. Generally, Roth conversions are attractive if you can do it at a tax rate that you think will be lower than the one you will pay on the withdrawals in the future.You can also pay the tax from outside resources.
There will be no Tax consequences if you do it correctly. The easiest way is to use a custodian to custodian transfer. Open the new IRA and have the assets or funds transferred in from the old one. Unless you have a specific reason for multiple IRAs, I recommend consolidating them rather than multiplying them.
Most likely it is due to commissions on the trade. Which CGC was it? Do you know your trade costs?
If your trade cost is high enough, you can lose money even if the stock goes up until you earn back the trade expenses.
This happens frequently on precious metals where the spread or commission eats up a portion of returns by adding to your original cost and subtracting from your realized selling price.
A negative P/E would indicate that the company has a loss or negative earnings. P/E, in many cases, is more appropriate for comparisons of asset classes and indexes than individual stocks because they tend to smooth out the earnings of large numbers of individual stocks and do away with things like negative P/Es.