Louis Kokernak

CFA, CFP
Personal Finance, Retirement, Investing
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“Louis Kokernak, Owner of Haven Financial Advisors, is an experienced investment advisor and financial planner who has been helping individuals for nearly two decades.”
Firm:

Haven Financial Advisors

Job Title:

Principal

Biography:

Louis (Lou) Kokernak has been serving the investment community for nearly 30 years, after obtaining an MBA from The University of Texas. He founded Haven Financial Advisors as a fee only advisor in 2002. His goal was to deliver unbiased advice to clients. He has been quoted in the Wall Street Journal, Barrons, Bloomberg News among many other media outlets. Lou has taught courses to CFP candidates at The University of Texas, St. Edwards Univerisity, and the University of Texas at San Antonio.

Haven Financial Advisors is committed to their clients' future. They have been a fee only financial advisor since 2002. The first step in the relationship is getting to know clients and what their goals are. It's a two way communications process that requires the engagement of both parties. Lou and his team develop a financial plan that includes a diversified asset allocation tailored to every clients personal situation. Experience tells them that the key value proposition of the plan is the comfort level it delivers to the client - that clients are taking concrete steps to achieve realistic financial goals.

​Lou has lived in Austin since 1990. He is a Chartered Financial Analyst (CFA) and Certified Financial Planner (CFP) and is a member of the National Association of Personal Financail Advisors (NAPFA). His charitable interests include public health and secondary education.

Education:

MBA, The University of Texas
BSCS, Rensselaer Polytechnic Institute

Assets Under Management:

$50 million

Fee Structure:

Fee-Only

CRD Number:

2673088

Videos
  • Mission Statement of Haven Financial Advisors
  • Haven Financial Advisors explains the evolution of the HSA
  • Haven Financial Advisors Discusses the Benefits of Foreign Stocks
  • How to invest your Health Savings Account (HSA)
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January 2017
    Insurance, Taxes
March 2017
    Retirement Savings, Social Security
June 2017
    ETFs, International / Global, Investing
September 2017
    Investing, Stocks
March 2017
    College Tuition, Financial Planning

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    IRAs
Can you use dividend distributions from an IRA to satisfy an RMD?
83% of people found this answer helpful

Yes, this is certainly feasible. At Schwab, for example, you can fill out an IRA distribution form instructing the custodian to sweep dividends, capital gains, and interest to a taxable account. Any of these automatic distributions are counted toward your RMD. It's a fire and forget mechanism.

There is a downside, however. The tail can start wagging the dog. RMD calculations typically require a substantial fraction of your assets be distributed. To satisfy the RMD in its entirety, you might be tempted to skew your portfolio to securities that generate high income. This is not a good rationale for portfolio construction. Commissions on security sales are usually inexpensive if you shop around. Many custodians have no transaction fee funds that are pretty good. Secondly, it's typically a good idea to sell one or two positions a year to rebalance your portfolio. Selling US stocks after their big run up in 2016 might be a good strategy with your IRA. My preference is to execute RMDs once a year for clients and to use this occasion as an opportunity to rebalance through asset sales.

December 2016
    Banking, International / Global
How will recent Trump appointees to the Presidential Cabinet impact our economy and markets?
79% of people found this answer helpful
January 2017
    ETFs
What's the difference between an index fund and an ETF?
78% of people found this answer helpful
April 2017
    Financial Planning, Annuities
Which is a better option, an immediate retirement annuity or a lump sum?
78% of people found this answer helpful
December 2016
    Investing, Stocks
What index should I be checking to make sure my portfolio is performing in line with the market?
75% of people found this answer helpful
December 2016