Heritage Financial Strategies
Shanna Tingom is an independent financial professional and co-founder of Heritage Financial Strategies.
A veteran of the financial services industry, Shanna has built a career out of helping others take charge of their financial future. She’s more likely to draw pictures and use props to counsel clients rather than use traditional methods involving price-to-earnings ratios and mountain charts.
Shanna considers herself a life-long learner and keeps apprised of changes in the industry. She earned a bachelor’s degree in business from William Penn University and a master’s degree in organizational management from the University of Phoenix. Shanna holds FINRA Series 7 and 66 licenses and the Accredited Asset Management Specialist℠designation.
BA, Management, William Penn University
MA, Business, University of Phoenix
Assets Under Management:
Registered Representative, securities offered through Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Cambridge and Heritage Financial Strategies are not affiliated.
Introduction to Shanna Tingom - Heritage Financial Strategies
Hello! US Treasury Bonds are rarely the right choice, especially now, given the historically low interest rates. The first step is to make sure you can't get to some level of comfort by making sure that you are broadly diversified, and really understand what a "recession" means. For example, if we do go through another 2001 or 2008, did people stop cooking at home or buying personal care items? Nope! So investments in those types of companies do well, even in and through a recession. Most 401(k)'s have funds that invest in these types of companies. If that doesn't help you sleep at night, you could consider an annuity over Treasury Bonds. You may be able to take advantage of an in-service distribution to move your 401(k) to your IRA, and there are thousands of types of annuities. They are most certainly NOT my most favorite investment...mostly due to the fees. But it's the only time I can use the word "guaranteed" in my practice. You can find many that, net of fees, beat T-bonds, and include other guarantees, like lifetime income or enhanced death benefit, depending on what is important to you. You will need a fully-licensed investment professional to help you compare them and find the best one for you given your circumstances, if that's the route you choose. Good luck!
That depends on the the record-keeper and your plan documents. Every plan is different. I would recommend contacting your 401(k) custodian or HR department so you can find out what is allowable with your plan.
By Leveraged Investing, are you taking about options? If so, NO, a good advisor would not recommend this. I have the knowledge and training to do it, and don't even do it for myself. It's very close to going to Vegas and putting it all on red. Slow and steady wins the race in investing. There aren't any short-cuts. Best of luck to you!
No, unfortunately, it's not. The 1031 has to be designated in advance, and handled using an intermediary. But there are several other tax benefits you could realize on both ends. Make sure you consult with a local CPA and that they know all about these transactions. Best of luck!
Absolutely. It's a great tax move to donate stock that is highly appreciated to charity!