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Steve Stanganelli

CFP®, CRPC®, AEP®, CCFS
Personal Finance, Retirement, Taxes
94%
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20
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46
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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

Videos
  • Investopedia Advisor Insights Interview of Steve Stanganelli CFP
  • Investopedia Advisor Insights Interview of Steve Stanganelli CFP
All Articles
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Most Helpful
February 2017
    Financial Planning, Personal Finance
December 2017
    Choosing an Advisor, Financial Planning, Investing
February 2017
    Choosing an Advisor, Financial Planning, Investing
February 2017
    Financial Planning, Retirement Plans, Retirement Savings
February 2017
    Asset Allocation, Retirement Savings, Tax Deductions / Credits, Taxes

All Answers
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Most Helpful
    Real Estate, Taxes
What is the best approach for paying the capital gains tax on the sale of a vacation home?

You should consider a Monetized Installment Sale (M-453) to defer the capital gains taxes from the sale of the property.

Another option may be to consider a 1031 Exchange.

While a 1031 Exchange offers property owners a way to replace a property, the M-453 offers a way to exit out of a property and have access to 95% of the sale proceeds without having to pay taxes now.

To learn more about these options, you may want to read this article on the topic found on the Smart Money Insights blog: https://www.clearviewwealthadvisors.com/misc-topics/taxes-2/two-ways-avoid-capital-gains-tax-sale-rental-property/ .

Obviously, the most direct way to deal with this is to simply sell and pay the taxes due on sale from the cash proceeds you receive. You'll need to consider how this gain will impact your tax bracket by having a tax planner prepare a pro forma tax return. To avoid certain things like the 3.8% Investment Tax (aka Medicare Surtax), you'll want to limit the gains and stay below certain thresholds. You can offset this by maximizing your 401k and IRA contributions. You can consider renting the property and writing off a portion of expenses for the rental operation. This can also include paying your kids to help maintain the property. This becomes a tax deductible expense. And it also allows you to shift income from your higher tax bracket to the child's lower or zero tax bracket. And then you can use the "income" paid to the kids to fund a Roth IRA.

Your best option may depend on the fact pattern you have. So, reach out to a tax planner to review the best options for your situation.

March 2018
    Investing, Choosing an Advisor
Can you explain why a live advisor is a better option for financial advice than a low-fee, low-minimum automated advisory service?
March 2018
    Estate Planning, Taxes
Will the money from the sale of my mother's home be considered an estate gift, even though she is still alive, since I am the recipient in her will?
67% of people found this answer helpful
March 2018
    Asset Allocation, Bonds / Fixed Income, Choosing an Advisor
Should I try a do-it-yourself approach when beginning to invest 50% in stocks and 50% in bond mutual funds, or hire a financial advisor to select a basket of stock options and bond mutual funds? 
March 2018
    Banking
How do I avoid fees or possible escheatment for a lack of activity in a bank account?
100% of people found this answer helpful
March 2018