Steve Stanganelli

CFP®, CRPC®, AEP®
Personal Finance, Retirement, Taxes
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“Helping People Make Smarter Money Choices. Steve Stanganelli with Clear View Wealth Advisors is a fee-only fiduciary advisor and tax planner providing objective advice not tied to the sale of any investment or insurance products.”
Firm:

Clear View Wealth Advisors, LLC

Job Title:

Managing Member / Financial Planner

Biography:

As a CERTIFIED FINANCIAL PLANNER ™ Professional, Steve Stanganelli has been providing financial, tax, retirement and college funding advice for more than 30 years to individuals, families and business owners throughout Greater Boston, the Merrimack Valley and New Hampshire Seacoast.

Professionally, Steve sees himself as a financial coach or navigator. His role is to help clients navigate the sea of confusion that is personal finance. He has worked hard to develop his experience and assemble the kinds of tools that are needed to help his clients with a variety of financial challenges including divorce, funding college tuition, and building efficient portfolios for long-term investing goals.

In his professional work, Steve is humbled knowing that people entrust him with their hard-earned wealth — regardless of the amount — or seek his guidance on any number of life-changing issues that can affect their personal bottom line. He finds it rewarding and humbling each time a client entrusts him not just with their money to manage but their dreams. Like many of his peers, Steve is a member of the “Sandwich Generation” helping to care for elderly parents while raising a family of his own.

Steve knows what it feels like trying to deal with the frustrating details of Medicare and the Part D “donut hole.”  He knows what it feels like to juggle the responsibilities as an elder care giver with the demanding schedule of school-age kids. Steve knows all too well the sense of loss created by an unexpected corporate downsizing or downturn in business or sudden death of a loved one.

Like many of you who may read this, Steve leads a complex life – husband, father, son, homeowner, landlord, professional by day, weekend athlete (road cyclist). He can relate to the challenges his clients have faced or will meet.  And he genuinely wants to share his insights, experience, and training to help others make the most with their lives.

Initially, Steve was a registered representative affiliated with an independent broker-dealer.  Then he affiliated with a national wire house broker completing their extensive training programs and using the opportunity to complete the educational requirements for both of Steve's financial planning designations. Ultimately, Steve decided that he did not fit into the culture of a broker-dealer and turned toward more fee-only planning-oriented firms. In 2010 he consolidated his practice into his own firm, a state-registered investment advisor, to offer flexible financial and tax planning services as well as low-cost ETF investing solutions.

Education:

BA, Economics, University of Massachusetts at Lowell
MS, Finance, Bentley University

Assets Under Management:

$4 million

Fee Structure:

Fee-Only

CRD Number:

3217444

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March 2017
    College Tuition, Life Insurance, Lifestage Based Planning
February 2017
    Financial Planning, Personal Finance
January 2017
    College Tuition, Starting Out
last month
    Choosing an Advisor, Financial Planning, Investing
February 2017
    Choosing an Advisor, Financial Planning, Investing

All Answers
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    Social Security
Must I pay Social Security taxes on my earnings after full retirement age?
79% of people found this answer helpful

There are two parts to this question as I understand it: Social Security withholdings on earned income and taxation of Social Security benefits.

As is the case with most things in life, it depends. In this case, it depends on which question you're asking. For completeness, I'll cover both.

If you're still working, whether in a self-employed capacity or for an employer, then the answer is a very simple 'yes'. As long as you are working and earning an income, then you'll be required to contribute to Social Security.

For the other side of this question, you may or may not need to pay taxes on your Social Security benefits. This depends on whether or not your Modified Adjusted Gross Income (MAGI) is above a certain threshold that depends on your filing status (i.e. single or married filing jointly, for instance).

Up to 85% of a taxpayer's Social Security benefits may be taxable. This will depend on your MAGI and filing status: above $32,000 and filing jointly, or above $25,000 and filing single, head of household, or filing separately.

To calculate your MAGI,

  • Take one-half the total of your Social Security or Railroad Retirement benefits from your SSA-1099 or RRB-1099 (these are reported on Form 1040, line 20a);
  • Add earnings from W2s (Form 1040, line 7);
  • Add taxable interest from 1099-INTs (Form 1040, line 8a);
  • Add ordinary dividends from 1099-DIV (Form 1040, line 9a);
  • Add other gains from Form 4797 (Form 1040, line 14);
  • Add IRA distributions from 1099-R (Form 1040, line 15b);
  • Add taxable pensions from 1099-R (Form 1040, line 16b);
  • Add Schedule E income (rental real estate, royalties, partnerships, etc.);
  • Add farm income (Form 1040, line 18);
  • Add unemployment compensation (Form 1040, line 19)
  • Add any other income that is reported on Form 1040, line 21;

In addition to these forms of income, you also need to add back any tax-exempt interest from investments like municipal bonds (reported on Form 1040, line 8b).

January 2017
    Retirement Savings, IRAs
What's the difference between a savings account and a Roth IRA?
77% of people found this answer helpful
April 2017
    Real Estate
I sold my house. Can I exclude the gain from my income?
68% of people found this answer helpful
January 2017
    Taxes, Tax Deductions / Credits
If I send money overseas to support my parents, can I deduct the gift from my taxes?
67% of people found this answer helpful
last month
    Financial Planning, Investing
What is a wise investment for someone who is not guaranteed income in a year's time?
67% of people found this answer helpful
March 2017