Michael Chamberlain

Retirement, Investing, Lifestage Based Planning
“Mike Chamberlain is a "fee-only" Registered Investment Advisor helping individuals, couples and families to balance current needs with future goals from the offices in Sacramento, santa Cruz and Los Gatos CA.”

Chamberlain Financial Planning and Wealth Management

Job Title:



Michael Chamberlain has been helping people to make better financial decisions to improve their lives since the 1980’s. Chamberlain Financial Planning was established in 2007 to assist people on a fee-only basis, which means that we do not sell investments or insurance, unlike 95% of other firms.

Michael's education includes both Bachelors and Doctorate degrees from the University of California, Berkeley. Accredited Investment Fiduciary course work was from The Center for Fiduciary Studies at the University of Pittsburgh and CFP® course work was from Boston University.

Michael lives in Santa Cruz with his life partner, Patty, but most of his family is in Sacramento. His daughter Cathi, her husband and three kids, his two brothers and Mom and Dad are all living there. In 2009, Michael opened a branch office in Sacramento so that he could visit with his family more frequently. His son Mitch lives in Austin Texas with his wife and two little girls.

Sailing is one of Michael's life passions. It is a great way to get in touch with nature and he is fortunate enough to have a sailboat at the Santa Cruz harbor.


Doctorate, UC Berkeley

Assets Under Management:

$125 million

Fee Structure:


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March 2017
    Financial Planning, Investing, Asset Allocation, Mutual Funds
December 2016
    Choosing an Advisor, Financial Planning, Starting Out
December 2016
December 2016
    Charity, Financial Planning
December 2016
    Charity, Tax Deductions / Credits

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    Retirement, Social Security, Investing, 401(k)
Should we sell our investments and move our money into cash accounts?
100% of people found this answer helpful


This is a very good question that many people ask at various points in their life time, There is a short answer and a long answer.

The short answer is NO, do not sell and move all to cash.

The long answer is still NO because:

1.     You and the wife will live for another 20 years, which will have periods of ups and downs, inflation, recession, bull markets and bear markets, higher interest rates and lower interest rates. Cash cannot give you returns over time that will provide the Required Minimum Distributions that you are mandated to take, plus grow for the future and increase your purchasing power over time.

2.     The key to maintaining investments over the long haul is to have an asset allocation that holds both stock (can be ETF or Mutual funds) as well as fixed income (Bonds and cash) in the right proportion for your situation. I do not know what that may be. For instance: Do you own a home, is it paid for, what amount of SS income do you have, do you have a pension, are you supporting anyone else and many more?

3.     What is the current percentage of stocks in your 401k? Without knowing anything about you, it is not possible for me or anyone else to tell you what is right for you, but if we were to look at the 42 different financial companies that offer target date funds the average of those 42 would suggest that 30% stocks and 70% fixed income maybe a reasonable allocation. If your current allocation is 60% or 70% it would be appropriate for you to decrease the percentage of stock but not going all to cash.

Your current RMD is about $29,000 to $30,000 but that that will go hiogher in the future. For instance an 80 year old with $800,000 would have an RMD of about $42,000 and at age 90 $72,000 RMD.

I would recommned that you talk to a CFP professional about determining the right allocation for your situation and if you should keep the funds in the 401k or move them to an IRA. 


Good Luck!

3 weeks ago
    Retirement, Social Security, Retirement Plans
What are the benefits of waiting until full retirement age if I can comfortably live off of Social Security benefits now?
95% 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?
75% of people found this answer helpful
last month
    Marriage / Divorce, Retirement, Pensions, Taxes, Insurance
Considering federal tax consequences, is it more advantageous for my partner and I to get married or stay single?
50% of people found this answer helpful
3 weeks ago
    Retirement, 401(k), IRAs
What could I gain from rolling over a 401(k) into an IRA while already in retirement?
43% of people found this answer helpful
April 2017