David N. Waldrop

CFP®, CLU
Personal Finance, Retirement, Investing
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“David N. Waldrop, Certified Financial Planner®, is committed to accuracy and availability, timely completion, and customizes the scope of planning for each client.”
Firm:

Bridgeview Capital Advisors, Inc.

Job Title:

President

Biography:

David N. Waldrop has earned the trust and respect of his clients during his career in the financial services industry. His wealth of knowledge allows him to provide the superb personal service and financial perspective upon which our customers have come to rely. He works closely with clients and has a proven ability to respond and plan for their needs.

As a Certified Financial Planner and President of Bridgeview Capital Advisors, Inc., David is responsible for advising clients in the areas of retirement plans and portfolio management. Specializing in financial planning and consulting, David brings together all aspects of his clients’ finances while incorporating their goals and objectives, both personal and financial.

After graduating from Cal Poly San Luis Obispo in 1998, David joined the lending division of a well known national bank where he specialized in consumer credit analysis and finance. In 2000, David steered his focus toward investments and insurance planning. In addition to providing auto, home, and life insurance, David worked directly with clients and public institutions to establish and promote retirement savings through various qualified plans.

After completing the professional and educational requirements of the Certified Financial Planner Board of Standards, David earned the marks of a Certified Financial Planner or CFP®. In this capacity, David focused on high net worth clients and prepared asset allocation analysis, cash flow planning, and insurance strategies. As a Financial Advisor with Bridgeview Capital Advisors, Inc., David provides his services to a broader clientele and customizes the scope of planning for each client.

In his time away from work, David enjoys spending time with his family, golfing and playing guitar. He is also a proud supporter of Shriners Hospitals for Children in Sacramento.

Education:

BA, Political Science, California Polytechnic State University-San Luis Obispo

Assets Under Management:

$35 million

CRD Number:

4214855

All Articles
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February 2017
    Estate Planning, Retirement Savings, IRAs
February 2017
    401(k), IRAs, Retirement Plans, Small Business
February 2017
    IRAs, Retirement Plans, Retirement Savings
March 2017
    401(k), IRAs, Retirement Savings, Income Tax
February 2017
    Mutual Funds, Investing

All Answers
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    401(k), IRAs
What are the differences between a 401K and an IRA?
100% of people found this answer helpful

Great question. There are many differences between the two. Here are just a few:

  1. 401(k) has higher annual limits. In 2017, you can contribute $18,000 to a 401(k) ($24K if age 50 or older). IRA limit is $5,500 per year or $6,500 if age 50 or older.
  2. 401(k) plans can have loan provisions where you can borrow money and pay the account back. IRAs do not allow loans. I wrote an article about 401(k) loans that you might find helpful.
  3. 401(k) plans are funded with a salary reduction through your company payroll. This is known as “pre-tax.” IRAs are funded with your after-tax dollars. Then, if eligible, you can deduct the amount you contributed from your income when you do your taxes.
  4. 401(k) plans are offered by employers as part of a profit sharing plan. The “401(k)” part is what allows the employee to contribute a portion of his/her own salary (See item 1). A 401(k) can also be funded with matching contributions from the employer. For example, the employer might match each dollar you contribute up to a certain limit. This matching is a very attractive component to a 401(k) plan. If an employer offers matching, you would be hard pressed to come up with a reason not to participate.
  5. 401(k) plans offer a limited list of investments to choose from. The 401(k) is administered under a trust document for the benefit of employees and the trustees are responsible for selecting the investments to make available within the plan. The 401(k) participant must choose among those offered. An IRA gives the investment decision making to the individual. With and IRA, the investment options are vast compared to a 401(k). For example, in an IRA you can invest in individual stock whereas most 401(k) plans don’t allow this (unless it is company stock).

I just realized I could probably write 5 more pages on this, but will stop here. I wrote an article called Don’t Neglect Your 401(k) Plan that goes into a little more detail about these plans. I hope you find it helpful.

Please note that this should not be considered investment advice and is only educational in nature. Please be sure to consult with your own legal, tax, or investment advisor regarding your specific situation.

Best of luck!

David N. Waldrop, CFP®

March 2017
    IRAs
How can you borrow from a Roth IRA?
65% of people found this answer helpful
February 2017
    Investing, Stocks
What is the direct correlation between the stock market highs and Trump's presidency?
52% of people found this answer helpful
March 2017
    Investing, Lifestage Based Planning
What is the best route to invest $50,000?
50% of people found this answer helpful
January 2017
    Choosing an Advisor
Should I have a discussion with my advisor regarding the new fiduciary rule?
50% of people found this answer helpful
February 2017