Jim Kopas

CFA
Personal Finance, Retirement, Investing
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“Jim Kopas, CFA is an Investment Advisor based in Walnut Creek, CA who helps clients develop a plan for retirement, manage investments and build, manage, and preserve wealth.”
Firm:

Pring Turner Capital Group

Job Title:

Investment Advisor

Biography:

Ever since he can remember, Jim Kopas has always had a keen eye for business. His “professional” career began at the ripe old age of 11 when he started a dog walking service in Walnut Creek to help neighbors with especially energetic pets. After just a few months of walking dogs and with years of accumulated birthday savings, Jim had enough money to open his first investment account. He has been enamored with investments ever since.

To grow his investment knowledge, Jim enrolled at Santa Clara University in 2005 and three years later received a BSC degree in Finance. Upon graduation he joined the fee-only investment advisor in Walnut Creek, California. This was just in time to be greeted with the greatest financial crises since the Great Depression, an even more valuable learning experience than college. In 2013, he earned the Chartered Financial Analyst®(CFA) designation, one of the most respected and recognized investment advisory designations in the world.

Away from the Walnut Creek office when not working as a financial advisor, Jim loves spending precious time with his wife Genna and daughters Kate and Charlotte. The Kopas family especially enjoys traveling, attending Cal Football games, and long walks around the Walnut Creek area with the family’s golden retrievers.

Education:

BSC, Finance, Santa Clara University

Assets Under Management:

$138 million

Fee Structure:

Fee-Only

CRD Number:

5863675

Disclaimer:

Pring Turner is an investment advisor in Walnut Creek, Ca registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. The views represented herein are Pring Turner’s own and all information is obtained from sources believed to be accurate and reliable. This information should not be considered a solicitation or offer to provide any service in any jurisdiction where it would be unlawful to do so. Past performance does not guarantee future results.

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    Financial Planning, Retirement, Retirement Savings, 401(k), IRAs
My employer does not offer a 401(k) plan, but I am making maximum contributions to my Roth IRA account every year; how else should I be saving for retirement?
33% of people found this answer helpful

Great question! First and foremost congratulations on starting your first job and beginning to save for retirement at such a young age!  In the long-run this will be a tremendous advantage for you since it gives you an extremely long time horizon to compound investment returns.

Also given your current income level it sounds like you have made the smart choice in saving in a Roth IRA. Overtime as your salary grows you will likely reach a point where a traditional IRA (or 401k) might make more sense as you can defer income taxes – but for now a Roth is ideal for you given that you are in a relatively low tax bracket.

Your additional savings ($16k for retirement and $15k for future expenses) could be put into taxable brokerage accounts so you can invest and grow that money.  Keep in mind you will probably have two different investment approaches for these two “buckets” of money. Your retirement money has a very long time horizon while your “future expenses” money will likely be needed much sooner and thus will likely be invested differently.

All in all you are doing all the right things.  Just continue to: 1) Always spend less than you earn, 2) Invest in stocks for the long run, 3) Do not touch your retirement savings (let it grow), and 4) Let compound interest do all the heavy lifting. 

Charlie Munger, the outspoken and incredibly wise vice chairman of Berkshire Hathaway explains it best, “Spend less than you make; always be saving something... Overtime it will amount to something. This is such a no-brainer.”

Best of luck!  

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What questions should I ask when choosing a financial advisor?
0% of people found this answer helpful
December 2016