Irvine Wealth Planning Strategies
Amy Irvine is the Principal of Irvine Wealth Planning Strategies, a firm that offers on going financial advise that does not start with the investment strategy, but includes one.
Amy attained an Associates Degree in Accounting in 1992 at SUNY Alfred State College and went to work for a Rail Company called Morrison Knudsen. She knew pretty quickly that it was not a fit for her and was lucky enough to find a job at a small trust company that pointed her down her passion path.
Steuben Trust Company taught Amy about Wills, Trusts, and IRA's and gave her the necessary experience to make the next leap in her career as a pension and insurance benefits manager wih the Corning Carpenters Union (then Local 700). She was only at that job for about 15-months, but the exposure to actuarial science along with labor law and working one-on-one with all the plan participants deepened her love for helping people. Especially with the complex rules and choices they are exposed to both during open enrollment and at retirement.
Amy gained further knowledge and experience at Chemung Canal Trust Company, working in their trust and retirement services area for a little over five years. However, driving 2 hours a day began to take a toll on her and she really felt this strong pull toward financial planning that included more then just investments.
With the support of her husband, Brent, Amy went back to college and focused on financial planning; graduating with a bachelors degree in personal financial planning and the course work to allowed her to sit for the CFP (Certified Financial Planner) exam. During her final semester, she was required to do an internship that certainly opened her eyes to the difference between selling financial products and providing financial advice.
Amy moved on to Corning Credit Union's Investment Services Group and continued to not only hone her skills as an adviser, but also to do a sole searching on the type of adviser she wanted to be. During this time, Amy decided to continue her education and in 2011 attained her Masters Degree in Personal Financial Planning from the College for Financial Planning.
It was Amy's next career move that was probably the most influential; she joined Burns Matteson Capital Management, which is also a fee only financial planning firm. She loved the idea that there were no commissions and investment planning was weaved into financial planning. This is the job that gave her the courage to move from being an employee to an owner of a firm.
When Amy left to move forward with that venture, she did so by forming a partnership with another adviser in Merritt Island, Florida. This allowed her to escape the harsh winters of New York, but return for it's beauty in the Spring, Summer and Fall. Irvine Wealth Planning Strategies, LLC still partners with Pinnacle Financial Wealth Management to provide clients with financial plans, but the two companies are separate entities.
As the sole owner of Irvine Wealth Planning Strategies, Amy is excited to be able to offer the clients the services they are seeking; and to form strong partnerships with each of them that she is privileged to work with.
Amy also enjoys serving on the board for Faith-In-Action Steuben County and on the Ecology Committee for Cornell Cooperative Extension.
MA, Financial Planning, College For Financial Planning
BA, Financial Planning, SUNY Alfred
Associates, Accounting, SUNY Alfred
Assets Under Management:
This may not really answer your question, but when were the bonds issued?
The reason I ask is that some continue to pay even after maturity and, depending on the rate and any potential upcoming qualifying education cost, you may want to hold on them a bit longer.
Here is a good link to some additional information: https://www.treasurydirect.gov/indiv/research/indepth/ebonds/res_e_bonds_eeratesandterms_eebondsissued051997_042005.htm
Otherwise, in my opinion, if you are no longer earning anything off of these, take the funds and put them to work for you.
Good Afternoon. You should request return of excess contributions so that it clears in 2016. Here is a link to the IRS regulations on this topic: https://www.irs.gov/instructions/i8889/ch02.html
Each State has it's own rules associated with death. Did your dad have a Will or do the interstate rules for you State need to be followed? Was her name jointly on the house "with rights of survivorship?" In that case, it doesn't need to be probated, it was her's by virtue of survivorship.
Was the marriage ever made legal after the divorce?
You may want to reach out to the divorce attorney that handled your mom's case.
Well, it depends.
Are you over 55, but younger than 59.5? If so, then I would recommend that you leave it in the plan. Not for the reasons that you were given, but because there is a special exception to the 10% withdrawal penalty rule for those that fall in that age range.
If you don't qualify for this age range, then the answer would depend on how many funds you have available in your 401(k) and what the fees are for those funds, along with any other administrative fees you may be getting charged. If you can roll it over to an IRA and the underlying costs are less, then I would base my recommendation on that, not performance.
Sorry the answer isn't so cut and dry, but hopefully this gives you some food for thought.
I think this article will help you a great deal! http://www.investinginbonds.com/learnmore.asp?catid=5&subcatid=25&id=104