Babylon Wealth Management
Stoyan is the founder and CEO of Babylon Wealth Management, a fee-only investment management and financial planning firm, based in Walnut Creek, California. He found his firm after spending eleven years on Wall Street and a total of thirteen years in New York City.
Stoyan is a native to Bulgaria and grew up in a small town community with strong family values. At the age of 23, he moved to the United States to pursue a graduate degree in Finance at Pace University Lubin School of Business in New York City.
In 2004, Stoyan completed his MBA degree at the top of his class. Two years later, he earned the CFA designation. During his time on Wall Street, Stoyan learned the ropes of the financial industry and investing. He worked his way up through three major investment banks on Wall Street – Credit Suisse, Wells Fargo, and Deutsche Bank. He gained extensive experience in risk management, equity, and fixed income markets.
In 2012, he met his wife, Serena. They got married in 2015 and moved to California a few months later. In the Bay Area, Stoyan decided to start a new venture and establish his wealth management company.
Stoyan's primary objective to become a financial advisor and wealth manager was to help his future clients make better financial decisions and empower their finances to achieve their personal goals.
People often delay important financial decisions until it is too late. Being a wealth advisor, Stoyan helps families and individuals develop robust and personalized long-term financial plan. He builds and manages customized investment portfolios that meet clients’ needs and risk tolerance.
In his practice, Stoyan thrives on helping hard workers like himself manage their finances efficiently. He also runs a financial blog with the goal to educate his followers about planning for the future.
MBA, Finance, Pace University
Assets Under Management:
Babylon Wealth Management is a Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where Babylon Wealth Management and its representatives are properly licensed or exempt from licensure. The content on Investopedia is solely for informational purposes. Informational materials, brochures, and commentary produced by Babylon Wealth Management and its representatives are strictly informational and should be used for research use only. No informational materials, brochures, or commentary should be construed as advertising material. Any opinions expressed are relevant as of the posting date and are not intended to provide investing or other advice or guidance. All relevant facts, including individual circumstances, need to be considered by a reader to arrive at personal investment conclusions. Past performance is not indicative of future results. Investing involves risks, as the value of your investment will fluctuate over time and you may gain or lose money. Investment risks are born solely by the investor and not by Babylon Wealth Management.
A good place to start is researching the various dividend ETFs. Even within the dividend investing, there are several strategies that you can choose from. Some strategies focus on dividend growers. Those are companies that consistently increase their dividends year over year. They are believed to have strong financials and healthy long-terms returns. Other strategies scan for companies with the highest current dividend yield regardless of the dividend history. This is a more value-focused strategy as some of these stocks may have recently gone out of favor and the high dividend yield is due to recent stock decline. A third strategy is to invest in REITs and MLPs which generally pay out 90% of their earnings to stockholders. This strategy can be a bit volatile due to its exposure to factors such as interest rates, real estate prices, oil prices.
Whichever direction you go, my advice is to diversify your portfolio between stocks and sectors so you are not exposed to one company or industry.
Turks and Caicos is a British Overseas Territory and subject to UK tax regulations. Also, the UK and the United States have numerous tax treaties, which handle cross-country income. So reducing your US reported may not reduce your UK taxes and vice versa.
I strongly recommend that you speak with a financial advisor experienced with cross-country financial planning and US expats. Feel free to reach out for more specific advice.
The pension plans are typically financed by the employers and guarantee an individual pension when the employee retires. The guaranteed pension will depend on the years of service, seniority, and earned income among other factors. Employees may or may not be required to contribute to the pension plan. The crucial element here is the guaranteed amount. The employers bear the risk of meeting their future obligations. As we have seen many times already, many employers have a shortfall in their pension plans and have to take money out of their operation to pay off pensions to their former workers.
The 401k and 403b are defined contributions plans, where both the employee and the employer make contributions. These contributions are tax deferred. They reduce taxes in the year they are made. Taxes are due upon withdrawal of funds. The main burden in these plans falls onto the worker. They are responsible for making contributions to their retirement plans. The employees are also responsible for making investment choices and choosing the asset allocation for the account. The employers do no guarantee a fixed pension. The retirement distributions are solely dependent on the contribution amounts and the performance of the funds chosen in the plan.
Yes, you can. However, you have two options. Option 1 is to withdraw money from your 401k plan, pay taxes and use it for a downpayment. Option 2. take a loan against your 401k. Most 401k providers will allow you to borrow up to 50% of the 401k balance. You must pay off the loan within five years to avoid penalties. You are essentially lending yourself money and paying it back.
Option 2 is my preferred choice of the two. However, since 401k is your retirement money, I would recommend that you use it as your absolute last resort and try to find alternatives ways to save for the downpayment.
You can borrow against the cash value of your whole life insurance. Often times the interest on the loan will be lower than comparable personal loans. You should verify your cash value and loan options with your insurance agent. If you do not pay back the loan, the unpaid amount plus interest will be deducted from your death benefit.