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Nick Bradfield

Personal Finance, Retirement, Investing
90%
Helpful
22
Answers
9
Articles
16
Followers
“Nick Bradfield, CEO of Divvy Investments, works with advisors and investors, providing low cost asset allocation models using data science to recommend specific index funds/ETFs and provides email alerts to clients when it is time to rebalance.”
Firm:

Divvy Investments, LLC

Job Title:

CEO

Biography:

Nick Bradfield is a Marine veteran and graduate of Northwestern University with a Masters in Predictive Analytics. He started his career in financial services as a financial advisor with a large brokerage firm. Through this experience, he found an interest in helping people minimize fees via index funds/ETFs - and soon, the idea for Divvy Investments was born. After a few years Nick decided it was time to move on. He spent awhile in a financial services consulting firm followed by a brief stint at a publicly traded technology company. Nick was not the right fit for the corporate world. Upon being told he needed to care less about customers, he decided it was time to go into business for himself. When not working, Nick can be found playing superheroes with his son, gazing deeply into his wife's eyes (of which she just rolled), and talking about baseball. Nick passed the Series 65 exam which allows him to operate as an Investment Advisor Representative.

Education:

MS, Predictive Analytics, Northwestern University

Fee Structure:

subscription

CRD Number:

5609577

All Articles
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March 2017
    Small Business, Starting Out
November 2016
    Choosing an Advisor, Investing, Retirement Savings
February 2017
    Charity
October 2016
    Small Business
November 2016
    Small Business

All Answers
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Most Helpful
    IRAs
Can I contribute to a Roth IRA and still participate in my employer-sponsored retirement plan?
67% of people found this answer helpful

ABSOLUTELY! Good for you for trying to maximize what you can invest.

Say, for example, your employer sponsored plan is a 401(k). The contribution limits for 2016 are $18,000 if you're under 50 (not including the company match if there is one) and $24,000 if you are 50+. It is recommended to invest at least up to the company match, if there is one, if you have the means to do so. There are very few opportunities for free money and a company match is one of them.

From there, one can contribute up to $5,500/year (or $6,500 if 50+) total combined into IRAs (traditional and/or ROTH). There are some income limits on ROTHs. See here for more details. https://www.irs.gov/retirement-plans/plan-participant-employee/amount-of-roth-ira-contributions-that-you-can-make-for-2016.  

In a perfect world, one would participate in the company match, fully fund their IRA, and contribute the max allowable by the IRS into the employer plan. Then whatever is left for investing goes into a brokerage account. If you are able prioritize saving like that (especially if you start young), it could make a big impact down the road.

November 2016
    Annuities, IRAs
What's the difference between an individual retirement account (IRA) and an annuity?
63% of people found this answer helpful
October 2016
    Mutual Funds
When are mutual funds considered a bad investment?
46% of people found this answer helpful
November 2016
    Stocks
What's the safest way to invest in high-yielding dividend stocks?
46% of people found this answer helpful
October 2016
    Debt
What are some examples of debt instruments?
44% of people found this answer helpful
October 2016