Angel Melgoza

CFP®
Personal Finance, Retirement, Small Business
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“After spending 5 years in the financial services industry, Angel Melgoza believes that financial planning should not only revolve around retirement goals but living a unique life.”
Firm:

MyLife Financial, LLC

Job Title:

Founder & CEO

Biography:

Angel Melgoza is a Certified Financial Planner™ located in Edinburg, TX. Since becoming the first generation college graduate in his family, Angel has become passionate about life planning and helping others achieve their life goals via financial planning.

Angel is originally from the Rio Grande Valley and went on to receive his Masters in Personal Financial Planning from Texas Tech University in 2011. His interest in charitable giving led him to be the first recipient of a Graduate Certificate in Charitable Financial Planning from Texas Tech University.

Angel is the Founder and CEO of MyLife Financial, an Independent Registered Investment Advisory firm located in Edinburg, Texas serving clients virtually throughout the state. He created MyLife Financial to help fill a need in the financial services industry. The need for non-traditional wealth management clients to have access to a financial professional and receive unbiased advice. Traditionally, financial planning revolved around retirement and investments but there is so much more to life than work, save, and retire.​

Angel believes everyone has their own set of personal & financial circumstances that may be keeping them from making important decisions in their lives. So whether you are looking to change careers, save for retirement vs. paying down your student loans, or deciding to retire in the next couple of years, Angel wants to help you piece it all together. He has served on the Board of Directors for the Financial Planning Association San Antonio & South Texas Chapter and its Membership /Pro Bono Committees.

In his spare time, Angel enjoys spending time with his wife, Valerie, and their two Cocker Spaniels, Charlie & Sammy. He loves going on nature trail walks, exercising, reading, and learning about ways he can enhance the financial planning profession.

Education:

Masters of Personal Financial Planning, Texas Tech University

Fee Structure:

Fixed
Hourly
Assets Under Management

CRD Number:

6122539

Disclaimer:

 MyLife Financial, LLC, its owners, officers, directors, employees, subsidiaries, service providers, content providers and third-party affiliates (referred to as "MLF") not licensed to sell securities or investments. None of the information provided is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement, of any company, security, fund, or other securities or non-securities offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information is at your sole risk. The content is provided 'as is' and without warranties, either expressed or implied. MLF does not promise or guarantee any income or particular result from your use of the information contained herein. Under no circumstances will MyLife Financial, LLC be liable for any loss or damage caused by your reliance on the information contained herein. It is your responsibility to evaluate any information, opinion, or other content contained. Please seek the advice of professionals regarding the evaluation of any specific content. Information on this website should not be considered a solicitation to buy, an offer to sell, or a recommendation of any security in any jurisdiction where such offer, solicitation, or recommendation would be unlawful or unauthorized.curity in any jurisdiction where such offer, solicitation, or recommendation would be unlawful or unauthorized.

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    Retirement, Social Security
What will happen to my Social Security benefits if I take a job with less pay?
60% of people found this answer helpful

From a social security strategey standpoint, if you do not take your benefits until age 66 and 4 months, it will be higher than it would be if you took them as early as 62. Social Security takes the average of the highest paid 35 years of your working career. So if you will be earning significantly less than you have in the past, it may affect your benefit marginally considering the amount of years your will be working for a lower salary before you take social security. 

From a life planning standpoint, if your main motivator is health issues and the flexibility for a work around schedule, taking this position sounds like a no brainer. Typically at the tail end of your career, quality of life trumps a higher paying job. If planning for retirement was only about maximizing the amount of money you can get from working, then we're better off working more than 40 hours a week with no days off and no regard for anything else.

In regards to your supplement, you can recieve it even if you do not apply for social security (here is the explanation: http://www.federalretirement.net/fers_social_security.htm#Special_Retirement_Supplement_).

If you would like more concrete answers, I would highly recommend seeing a financial planner that can help you with a retirement plan that has knowledge of FERS and Social Security Optimization.

September 2017
    Marriage / Divorce, 401(k)
Can I withdraw money from my deported ex-spouse's 401(k) if he owes me child support?
50% of people found this answer helpful
July 2017
    Financial Planning, Pensions, Social Security
Will participation in a 457(b) plan reduce future Social Security benefits?
50% of people found this answer helpful
May 2017
    Financial Planning, Insurance
If I have supplemental drug coverage and want to enroll in Medicare, should I choose Part D?
0% of people found this answer helpful
July 2017
    Financial Planning, Investing, Choosing an Advisor
How much is too much for a robo-advisor?
0% of people found this answer helpful
June 2017