Affinity Wealth Managment, LLC.
Michael Sicuranza, CFP®, AEP® is an award-winning wealth advisor who is currently President and Sr. Financial Advisor with Affinity Wealth Management, LLC.. He focuses on providing comprehensive wealth management solutions to medical professionals, small business owners, and affluent families in the Delaware Valley. Together with his partners, he helps clients address their five biggest concerns: preserving wealth, mitigating taxes, providing for heirs, protecting assets, and giving to charitable organizations.
Michael has dedicated his entire career to the financial planning profession. Starting fresh from college in 1995, he joined American Express Financial Advisors (now Ameriprise), then spent five years as a sole practitioner. Building on his success, he went onto co-found IM&P in 2002, where he worked for seven years. In 2009, he honed his practice philosophy and co-created a new business model: Milestone Wealth Advisors, Inc. from 2009 until 2017.
For the last decade, Medical Economics Magazine has recognized Michael as one of the top financial advisors for doctors in the country. He has won other awards (please see the awards section below).
Michael is an active member of the community. He has been published in national and regional business publications, and was selected as a 2011 fellow for Leadership Delaware; a competitive, prestigious leadership development program.
BS, Economics, University of Delaware
Assets Under Management:
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If you want to manage your own portfolio, you need to start doing the research and the work that goes along with it. There are lots of online resources that you can use to educate yourself on asset allocation and investment selection. Pick a style, create a process and stick with it. Make it as unemotional as possible. No one can give you asset allocation advice just based on your age. If you want financial advice, hire an advisor or use the advisors that your 401k provider has assign to your company.
Nobody knows what the market is going to do, so first what you should determine is what type of investor you are, what the is money allocated for, and what the timeframe is for that money that was in cash. So if you need that money in 6-12 months, keep it in cash. If you don't plan to touch it for 10 years, then invest. Also, investing can be emotional unless you have a process. Most investing mistakes are made when they are done emotionally(fear when should be greedy and vice versa). So in this order; find an investment strategy/process and stick with it, determine the timeframe for those funds, and make a decision on whether to invest or not.
Unless you like paying high fees and having a surrender charge on your money, then I would say no. Annuities are great for the sellers of them, but usually are not the best for the purchasers.
Yes, without knowing anything else about you. Sell it. You don't have to make your money back the same way you lost it. This could help you offset any other gains you have or save you some money in taxes.
That would be fine, but I would consider to invest in a total stock market ETF. Cost will be low and since her time frame on those funds is 50 years, she can afford to ride the market volatility to potential growth.