Chacon Diaz & Di Virgilio
When we created the firm, we sought to build an advisory experience that was solely and entirely focused on what was best for our clients. Today, that vision has made us a recognized leader and pioneer in our field. As an independent, fee-only, fiduciary wealth management firm, we do not sell products and we do not accept any commissions, allowing nothing to influence our independence and objectivity. As a result, our advice is always unbiased and free from conflicts of interests.
-Certified Investment Management Analyst®, CIMA® (2% of investors hold this certification)
Successfully demonstrated at least three years’ of acceptable experience in investing and passed two levels of certification exams, each with an average first-time pass rate of less than 60%. In addition, attended and completed the education program, through The Wharton School, University of Pennsylvania.
-Certified Financial Planner™, CFP® (20% of planners hold this certification)
Successfully demonstrated at least three years’ of acceptable experience in financial planning, completed 6 graduate school level courses, and passed a rigorous ten-hour exam certification exam (63% pass rate).
-Adjunct professor and regular lecturer at the University of Florida, working with the College of Pharmacy, the University Athletic Association, the College of Engineering, and the Warrington College of Business, among others.
-2016 University of Florida Outstanding Young Alumni Award Winner (1 of 24 across the entire University) The award is given to those who have distinguished themselves in their profession and community, and have had a significant professional accomplishment on the State, National, or International Level.
-Judge for Entrepreneurial and Business competitions held at UF, and a mentor for Entrepreneurs in the community.
-Past President of the Board of Trustees for the Gainesville Sports Commission, an organization that brings millions in economic benefit to the Gainesville community through sports tourism.
MS, The University of Florida
BSBA, The University of Florida
Assets Under Management:
No, you wouldn't be subjected to taxes on your profit.
You could sell your primary residence today and get $250K in capital gains profit protection if you are single, and $500K if you are married. Then, if you lived in your "second home" for 2 years, or 2 of the next 5 years, you could do it again. And you could keep repeating this process because there isn't a limit.
I will answer differently than most on this forum and I will oversimplify the subject to give you actionable advice. If you make more than $35-40K a year, and less than $500K, choosing to place all of your retirement savings in the traditional 401(k) will give you the greatest mathematical probability of long-term success. I lecture on this topic at the University of Florida often, and it's misunderstood by many financial pundits. You can dive a bit deeper on the subject here.
With that being said, your investment strategy is going to make a huge difference in how much your money grows over the long run, so you will want to build competence in this area or find a fiduciary to do it for you.
You should roll your 401(k) into an IRA, which will not cause it to incur taxes of any kind. You will do this because the IRA will give you far more investment choices to choose from. Choosing what to invest in and how to build a portfolio is an entirely different topic, and how you choose to invest will determine how well you do performance wise, so choose wisely.
Given your income, a strong mathematical case can be made that all of your retirement savings should be going into a traditional 401(k). (Yes, this is opposite of what many people say, but math doesn't care about public opinion.) I lecture at the University of Florida and I write about this topic frequently, as it's more complicated than most financial pundits realize, and putting it into a soundbite leaves things out. Here is an article I published on Investopedia that dives a bit deeper.