Revere Asset Management
President & CIO
Daniel Stewart is President & CIO of Revere Asset Management and has been providing financial services and portfolio management for over twenty years. Revere Asset is a Fee Based RIA which Always Acts as a Fiduciary in the Best Interest of its Clients. Prior to joining Revere Asset Management, Dan advised on investment portfolios exceeding $200M. He is also well versed in comprehensive planning including corporate, individual, and estate planning.
Dan joined the NorAm Capital team in 2010 to create and manage their Private Wealth Management firm. This eventually led Dan to buy the business and rename it Revere Asset Management. He graduated from The University of Texas at San Antonio with concentrations in Finance and Accounting. Dan has passed the CPA Examination on the first attempt and subsequently earned his CFA® Charter (Chartered Financial Analyst).
Dan, a native of San Antonio, Texas, is married with 3 children. Dan played NCAA tennis on a full scholarship at Vanderbilt University. He played professional tennis on the United States and European circuit and was then the Head Tennis Professional at both the Retama Polo & Tennis Club and Thousand Oaks Indoor/Outdoor Racquet Club, in San Antonio, Texas.
Chartered Financial Analyst (CFA®), BBA in Accounting
Assets Under Management:
Fee Based Only - Fiduciary with No Conflicts of Interest
#Yes Primarily Term
No information presented constitutes a recommendation by Revere Asset Management, to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities by Revere Asset Management. Revere Asset Management does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.
You understand it perfectly. The higher the rates, the better "deal" you would get on a fixed annuity or annuitization. If you do decide to annuitize a lump-sum, be sure to shop it around to different carries and let them know it is a competitive bid. And wait until later because odds are very strong that rates will rise, so your income stream will improve. Lastly, realize you are giving up the lump-sum asset for an income stream.
You may want to consider strategy rather than a product.
Best of luck, Dan Stewart CFA®
It really depends on your strategy, but as young as you are, you should focus on equities. This is especially true with the specter of rising interest rates and the higher risk profile for bonds. Bonds prices move inversely with interest rates, and again, as young as you are, I personally wouldn't own any bonds. An easy way to diversify, especially with limited funds, is to use Exchange Traded Funds (ETFs). With just two trades in tickers QQQ & SPY, you could get broad exposure in the NASDAQ 100, the largest 100 stocks on the NASDAQ like Apple, Amazon, etc.. and the S&P 500, the largest 500 companies in America across all of the sectors.
Then you could add a IWM, IFA, EEM which are small cap U.S. companies based on the Russell 2000 small cap index, developed countries, and the emerging markets large/mid cap index respectively. There are many (other) choices from iShares, to Schwab, Vanguard, and Fidelity, etc., that all have their own brands.
But just with those five, you could get broad diversification among equities globally. Currently, the US seems to be the strongest, best place to be. I might do something like 25% SPY or similar, 20% QQQ, 20% IWM, 20% IFA, & 15% EEM. There will be overlap between SPY & QQQ. But the exact allocation would depend on how much volatility you are willing to tolerate. A more conservative approach would be to have higher allocations toward US equities.
You could even just do the Vanguard's VTSMX Total Stock Market Index, you could get broad exposure to US equities including large, mid, and small cap sectors with a very low expense ratio. Then adding the Vanguard's VGTSX Total International would be the overseas counterpart. A 70%-30% approach or some derivation thereof would work and this would be the "Costco" approach.
There are even sector ETFs to adjust your weightings and get more precise, but the above would be the easiest, most efficient way to get broad exposure the way you asked the question. But this should start you on your research journey and Google is a wonderful tool.
Hope this helps and best of luck, Dan Stewart CFA®
This is really a value judgment and also depends on your other assets and the interest rate on your mortgage. If you itemize, then your interest expense is tax deductible, thus making your effective interest rate even lower. If low enough, you should consider investing the difference, especially if you believe you can make more on the "net" interest rate on your mortgage.
Your investment funds could be diversified in a broad array of investment assets. Every investment has 3 characteristics: Liquidity, Safety, and Growth. You can have any two of the three in any one investment. So, the trick is to invest in a variety of investments that provide you with the enough safety, liquidity, and growth over the 10 years. The good news is that 10 years is long enough to provide you with some degree of safety or margin of error. As you get closer to the end to the term, you would want to become more conservative.
Hope this helps, Dan Stewart CFA®
That really depends on your personal situation, age, investment knowledge, and timeline for spending the assets. So,, without knowing more particulars, I can't give you any sound advice without any degree of certainty. That would be like asking the Doctor to diagnose you over the phone. But what you need is strategy, not products. If you are new at investing, Google words like Exchange Traded Funds (ETFs), diversification, and investment strategies. This won't give you hard answers, but it will give you the right questions to ask. What you need is more education first before you invest your assets.
Sorry I couldn't be more help, but you are asking a question in a vacuum, and your question begs for more questions to be addressed first. I will say that the longer your timeline, the more toward equities you would want to lean.
Best of luck, Dan Stewart CFA®
You will have much more flexibility and lower fees in an IRA if you chose. There are some funds similar to expense ratios. And sometimes, you get what you pay for. You may be able to find a fund manager who is worth a higher fee. But also, normally the administration of the 401(k) plan is borne by the employees (plan participants). So I am not sure you are including all of your fees. The flexibility alone is worth the Rollover in my opinion.
Best of luck, Dan Stewart CFA®