Jeremy Torgerson

Personal Finance, Small Business, Lifestage Based Planning
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“As the CEO of nVest Advisors, Jeremy Torgerson specializes in serving the financial needs of working families, small business owners, educators, and employer-sponsored plans.”
Firm:

nVest Advisors, LLC

Job Title:

CEO

Biography:

Jeremy Torgerson is the CEO at nVest Advisors, LLC, a registered investment advisor firm in Texas and Colorado, and has over 10 years of experience in the finance industry. Jeremy has been a small business owner for 20 years, and has mentored small business owners and startups for several years.

Jeremy is quoted reqularly in major US financial media. He also podcasts on financial topics, and blogs on his personal finance  and success blogs, thinklikearichguy.com.

Assets Under Management:

$8 million

Fee Structure:

Monthly Planning Subscription Fee (Varies by complexity)
Asset Management Fees (varies by program and custodian)

CRD Number:

5546264

Insurance License:

#General Lines

Disclaimer:

nVest Advisors, LLC, is a state-registered investment adviser in Texas and Colorado and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. The presence of this profile shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state by nVest Advisors in the rendering of personalized investment advice for compensation shall not be made without our first complying with jurisdiction requirements or pursuant an applicable state exemption.

Opinions expressed herein are solely those of nVest Advisors, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. nVest Advisors, LLC does not recommend specific financial advice without a signed service agreement with each client and does not provide professional tax or legal advice. This information does not represent a solicitation to complete a financial transaction with the firm.

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    Retirement, IRAs
How do I convert money from either a precious metals IRA or a traditional IRA to a Roth IRA?
100% of people found this answer helpful

Hello! 

Don't worry too much about what's IN the IRA accounts - that doesn't make them fundamentally different for your question. Whether you have stocks, bonds, funds, gold, real estate, or cash in the IRA is irrelevant, because the IRS only really worries about money movement in and out of IRA accounts, not what they are invested in.

Converting an IRA to a ROTH IRA is a relatively simple process, and your advisor or brokerage firm should be able to handle it for you. Essentially, what comes out of the IRA to fund the ROTH will become income to you this year, and you will pay income tax on it as it moves from the traditional, pre-tax IRA into the after-tax ROTH. I would have this discussion with your tax preparer, if you have one, before you do so, to make sure you don't create a significant tax problem because of other income sources you may have.

I have a white paper on the steps and basic rules of IRA Conversion that I've linked for you here

As far as your question about which account to switch, that's honestly just a personal preference.  If you are wanting to reduce your exposure to precious metals (something I would advise that you don't have a signifcant percentage of your savings in, by the way), you might start with that one. I have no idea what's in your other account, but it's important for you, going forward, that you're diversified and not counting on any one asset class to outperform for years and years, despite with the TV pitchmen say. 

Set your portfolio up assuming things will be volatile and the world will have challenges that we can't predict ahead of time. Many of us get guilty of giving ourselves hope or relying on emotions about an investment instead of structuring our money to "just let things happen".  Don't be a contrarian. In my practice, we wouldn't let a client be too deeply invested in any one particular kind of asset because you need less day-to-day market volatility now that you're retired.

All my best! :)

March 2018
    Debt, Retirement, 401(k), Real Estate, Taxes
I am 65 years old and just purchased a 10-year mortgage; is it wise to withdraw from my 401(k) when I retire in one year to pay off my mortgage?
100% of people found this answer helpful
5 weeks ago
    IRAs, Taxes
Can I roll an IRA into an online brokerage account without paying penalty fees or being taxed if I am 60 years old?
100% of people found this answer helpful
5 weeks ago
    Personal Finance, Investing, Choosing an Advisor, Mutual Funds
Can I suggest a list of low-cost index funds on my personal finance website, aimed at Millennials, that my readers should consider as possible investments?
100% of people found this answer helpful
March 2018
    Estate Planning, End of Life
If four adult siblings inherit an equal amount of an estate, but one of the four passes away, does his portion of the estate go to the rest of the siblings or to his children?
89% of people found this answer helpful
5 weeks ago