Stephen Taddie

CBE™, CFM
Personal Finance, Retirement, Investing
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“Stephen Taddie, a 30 year veteran in the investment industry is the Managing Partner and Chief Economist for Stellar Capital Management. His investment responsibilities include applied economic research which influences sector and industry weightings.”
Firm:

Stellar Capital Management, LLC

Job Title:

Managing Partner

Biography:

Stephen Taddie is co-founder and Managing Partner of Stellar Capital Management. His primary investment responsibilities involve establishing the firm's economic outlook and forecast and using that research to provide input to the Investment Committee regarding asset allocation, sector, and industry weighting decisions for stocks, and yield curve analysis for bonds.

Stephen has over 30 years of professional experience in the investment field. Beginning his career as a Merrill Lynch Financial Consultant in Arizona, he finished his brokerage industry tenure in branch management with Prudential Securities on the East Coast. In the early 1990's he established a Phoenix, Arizona branch office for a mid-sized investment advisory firm, and in the late 1990's established S.J. Taddie, Inc., Investment Counsel, prior to co-founding Stellar Capital Management in July of 2000. He has worked with a select group of clients ranging from publicly traded corporations, government entities, and Native American Indian Tribes, to high net worth individuals and families across the country. He is frequently asked to speak on economic and investment management trends, has authored numerous articles and has often been quoted on the same subjects.

Stephen is a member of the National Association for Business Economists (NABE), a Panelist for the NABE Outlook (National Forecast) and the NABE Financial Industry Roundtable, the Western Blue Chip Economic Panel, the Arizona Blue Chip Economic Panel, and a member of the Arizona Legislative Finance Advisory Committee. He is a member and Past President of the Arizona Economic Round Table, a member and Past President of the Central Arizona Estate Planning Conference, a member of the CFA Institute and the Phoenix CFA Society, and an Arbitrator for FINRA. He is a past member of the Economic Club of Phoenix, the Western Pension & Benefits Conference, Arizona Town Hall, and the Madison School District Financial Oversight Committee. He has served on the Executive Board of the Desert Botanical Gardens Foundation, the Advisory and Executive Boards of the Foundation for Burns & Trauma, the Executive Boards for the Foothills Foundation, the Phoenix Camelback Rotary Club, and the Finance Committee for the Desert Botanical Gardens. He has also volunteered with Junior Achievement and coached youth sports teams.

Stephen holds a Bachelor of Science degree in Business and Economics from Lehigh University, and a Master of Business Administration from the University of Phoenix. He has earned The Certified Business Economist™ (CBE™), which is the certification in business economics, and data analytics developed and owned by the National Association for Business Economics, and the Certified Financial Manager (CFM), which is the certification in financial management issued by the Merrill Lynch Institute, Donald T. Regan School of Advanced Financial Management.

Education:

BS, Economics, Lehigh University
MBA, University of Phoenix

Assets Under Management:

$355 million

Fee Structure:

Percent of assets managed

CRD Number:

1358566

Disclaimer:

Different types of investments involve varying degrees of risk, and there can be no assurance that the future  performance of any specific investment, investment strategy, or product made reference to directly or indirectly in newsletters, articles, or responses to questions, will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for your specific situation.  Due to various factors, including changing economic or market conditions and regulations, the content may no longer be reflective of current opinions or positions.  Moreover, you should not assume that any discussion or information serves as the receipt of, or as a substitute for, personalized investment advice from Stellar Capital Management, LLC. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Please remember that past performance may not be indicative of future results. A copy of our current written disclosure statement discussing our advisory services and fees is available for review upon request.

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    401(k), Real Estate
Should we use my husband's 401(k) to pay off our mortgage?
75% of people found this answer helpful

No, unless there is much more to the story, and you believe that the economic world as we know is going in the tank.

My no answer is based on the assumption that you have a decent fixed rate mortgage (between 3 1/2 and 4% ?) and decent investments in your husband's 401k (earning between 4-7% annually), and that the term downsized refers to his earning less money, but still being employed and earning something.

If the above assumptions are somewhat accurate, there are two specific reasons for my answer: 1. Your expected interest expense is less than your expected earnings, and mortgage interest paid is deductible from gross income, so the "real" cost of the mortgage interest ends up being less than the 3 1/2 -4% assumed above, thereby widening the spread between cost and earnings, 2. The 401k earnings are tax deferred, which means you get the benefit of compounding on the entire amount of earnings, and are only forced to take out an Required Minumum Distribution after he is aged 70 1/2.

This is the basically the same equation used in the banking industry; pay depositers one rate, and lend money out at a higher rate, but in your case, you get to deduct interest paid from gross income, and defer paying taxes on the earnings... It is a pretty good equation, but carrying debt does increase risk should things melt down.

Hope this helps,

Steve

 

3 weeks ago
    Retirement, Retirement Savings, Investing, Stocks
How large of a nest egg would someone need in order to draw an income of $10,000 a month, perpetually, without seeing the principal decrease, assuming the nest egg is invested in the stock market?
75% of people found this answer helpful
3 weeks ago
    Retirement, Retirement Savings, Investing, 401(k), IRAs
If I am behind on my retirement savings and I am maximizing contributions to my 401(k) and Roth IRA accounts but still need to save more, what other retirement investments can I utilize?
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4 weeks ago
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Do advisors buy stocks for their clients from the same brokerages as self-directed investors?
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