Parsonex Advisory Services, Inc.
Jonathan Miller is the President & CEO of Parsonex Enterprises, Inc. and its affiliates.
Jonathan leads a team of financial advisors who manage over $250 Million for clients across the country. He personally services a select group of clients located near his home in Colorado and brings a breadth and depth of knowledge that few advisors can boast.
Miller is an enthusiastic entrepreneur and executive who specializes in creating and growing businesses and systems, recruiting, training and developing financial advisers and entrepreneurs, creating effective marketing and distribution systems, and building strong management teams.
Miller has built several companies from the ground up, including Parsonex Securities, an independent broker/dealer, which he founded in 2007, Parsonex Advisory Services, an SEC registered investment adviser, an independent insurance agency and a mortgage company which no longer operates. Miller has succeeded in a variety of endeavors and excels at leading people-centric organizations.
Having started several successful companies he brings both industry level investment expertise and entrepreneurial experience to business owners and industry leaders who are seeking financial advice.
Jonathan, his wife Jayme, and their two children live in the front range and are active in the community.
BA, Political Science, Iowa State University
Assets Under Management:
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Investopedia Advisor Insights ft. Parsonex CEO Jonathan Miller
A Roth IRA is a type of an account, a wrapper through which you have favorable tax treatment for retirement. How this functions, and its many benefits, are outlined in other good answers. The one thing to consider is that it is, of course, a retirement accounts, so except for the withdrawal provision of principal prior to 59 1/2, you need to remember that the benefits are for "retirement".
One risk of this account type selection would be if you are NOT intending to utilize the account for retirement. The second account type "risk" is dependent on your tax situation, how long the money will be in the account, and over what time period you will take withdrawals. There are plenty of online calculators that will help you enter some assumptions and calculate whether this account makes sense for you. Generlally speaking, if you have time on your side and are utilizing this account type to invest long term, there are many advantages for most investors.
The other major risks depend largely on the type of investments you utilize in such an account....stock, bonds, mutual funds, etf's, which types of investments in each, etc..
Hope that helps!
Yes, you should be able to roll over your 403(b) into an IRA if you have "seperated from service."
It depends on whether your plan is tax deferred (qualified) or not.
Most ESPPs that I have come across are tax deferred (qualfiied) plans. If this is the case, your cost basis is irrelevant since your contributions would have been "pre-tax" dollars in which case any withdrawals are taxed as current income. You should definitely rollover the account into an Individual Retirement Account and continue to manage the account (or have it mangaged for you) on a tax-deferred basis. Then you can take income and withdrawals at a time and place that makes sense for you. Normal retirement plan rules would apply to an account like this.
If it is a non-qualified plan, the custodian of the account should have some sort of cost-basis accounting for your shares that were sold and report this to both you and the IRS. In this case, if you already sold the shares, you are probably just looking at advanced tax and investment planning strategies going forward.
Meet wtih a financial advisor and CPA who can help you.
Hope that helps!
You will have a significant amount of losses with that investment strategy as it sounds like you would buy the same stock twice, losing money both times. I think you may be asking about deductibility of a loss you are taking and the answer is you wouldn't be able to deduct anything on the loss. If you sell a stock for a loss and buy it back within 30 days it is called a "wash-sale" and the loss is disallowed for claiming it from a tax purpose. It's not disallowed as a business strategy, but there would be no tax advantage to doing this.
Depends on what sort of advice the person is giving you, the complexity of your sitution, their experience and background. I'd tell you that if they are great at what they do, you are getting a bargain. If you situation is complex...you are getting a bargain. I get paid $500+ per hour on a fee basis but I am usually dealing with complex situations or affluent clients - and I would argue that's still a bargain for them :). Unfortunately I can't create a dialogue back and forth on here, but what are they doing for you that will take 20-25 hours? Bottom line - price is only an issue in the absense of value. With a firm like ours (fee based on the investment advisory side) you would have to have around $250,000 before you would be paying that muh (I am rounding a little). So, if you have a lot more than that, you are getting a good deal. If you have a lot less than that, I'd say you are paying too much. Also, I personally do not belive that you are "finanially planned" by paying a fee. You need at least annual check-ups in both good and bad markets. Hope that helps!