James Di Virgilio

CIMA®, CFP®
Personal Finance, Retirement, Investing
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“James is the co-founder of Chacon Diaz & Di Virgilio, an independent Registered Investment Advisor (RIA) and fee-only fiduciary wealth management firm that works with clients across the United States. ”
Firm:

Chacon Diaz & Di Virgilio

Job Title:

Co-Founder

Biography:

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.

Designations

-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).

Professional Activities

-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.

Education:

MS, The University of Florida
BSBA, The University of Florida

Assets Under Management:

$70 million

Fee Structure:

Fee-Only

CRD Number:

5141951

All Articles
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May 2018
    Retirement Savings, 401(k), Retirement Plans
January 2018
    Real Estate, Investing
June 2017
    Insurance, Life Insurance
February 2017
    Financial Planning, Investing
January 2017
    Asset Allocation, Investing, Retirement Savings

All Answers
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    Financial Planning, Pensions
Should I enroll in a 403(b) or a 457 plan?
50% of people found this answer helpful

I am going to give you a few budget guidelines first. 

1.) Pay off your student loan debt in 10 years or less by using 30% of your gross income per year to pay down the debt. 

2.) Save 10% of your gross income in a 403(b) or 457. 

Both the 403(b) and the 457 are very similar, but there are a couple of key differences, and they can vary from employer to employer. Here is a guide that is a solid starting point. 

https://hr.umich.edu/benefits-wellness/financial/retirement-savings-plans/comparing-403b-sra-457b-plans

However, the primary answer to your question is to choose the account type that has the best investment options. (Which depends from employer to employer. Here in Florida, the 457 is typically best since you have access to a full range of investment options. But this is not true in every state.)  Thus, it's impossible to give you a soundbite answer that is definitive without knowing your specific situation. Also, creating an optimal investment strategy from the choices you have is not simple enough to provide you with an answer in just a few sentences. With that being said, as a general guide, contact your employer and ask for a list of the available companies that offer the 403(b) and the 457 through your employer. Once you have that, you will want to get the list of investment options from each provider. Then, you can evaluate which one is best. (typically, the best one is going to be the one that offers you the most investment choices to pick from, but this is not always the case.) Once you have made that decision, open the account, implement your investment strategy, and then save 10% a year of your gross income into the account.

November 2016
    Debt
How do I handle my credit card debt?
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November 2016
    College Tuition, Debt, Investing
Should I halt my education for financial purposes?
25% of people found this answer helpful
November 2016
    IRAs, Taxes
When do I pay taxes on beneficiary IRA withdrawals?
25% of people found this answer helpful
November 2016
    College Tuition, Debt, Investing
How should I tackle future student loan debt?
25% of people found this answer helpful
November 2016