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.
One missing piece of information is how much the surviving spouse will receive when the other spouse dies under the survivor benefits choice. Usually, the amount is a fraction (50%-75%) of the original amount.
Given that the difference is only $320 per month, I would recommend that you choose the survivor benefits option. However, if the surviving spouse will receive substantially less than 50% it might make sense to choose the $1,500 per person and save some of the difference away to cover for the lost income when one of you passes away.
I believe your employer is wrong in this particular situation. One, you are over the age of 59 1/2 and two, rolling over a Roth 401k to a Roth IRA that has been open for more than 5 years, the full distribution rolled into the Roth IRA meets the five-year rule for qualified distributions
You can read this article for further details.
REIT as a stand-alone asset class is quite volatile and risky. Historically the standard deviation of VNQ, Vanguard REIT ETF, is 24% versus 14% for SPY, S&P 500 ETF. That is 70% higher risk with comparable returns. However, given its lower correlation to the stock market, having REITs in a broadly diversified portfolio may reduce your long-term portfolio risk.
You pretty much answered your own question. I will only add that you can save up to $5,500 per year in Roth IRA. The remaining amount you can put in a saving account or invest in a brokerage account.
Are you currently hiring a financial advisor? If you are not using the services of a financial advisor, there will be no impact.
The new rule does not impact the contributions directly but how they are invested. The financial advisors must act in their clients' best interest. The rule prescribes a higher level of transparency in the investment making process.