Kevin Michels

CFP®, EA
Personal Finance, Retirement, Investing
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“Kevin Michels, Financial Planner with Medicus Wealth Planning, focuses on providing hourly financial planning to clients as well as on-going financial planning and investment management services. ”
Firm:

Medicus Wealth Planning

Job Title:

Financial Planner

Biography:

Kevin enjoys helping clients from all stages in life with sound financial planning. Kevin has especially found a niche in advising small business owners who’d like to create or improve upon their existing company retirement plan.

Kevin got his start in the financial planning industry by going to work for one of the largest discount brokerage and mutual fund companies in the world, Fidelity Investments. While at Fidelity, Kevin held his Series 7 and 63 Licenses which allowed him to work as a trader, completing transactions in stocks, mutual funds, and options.  After being promoted to a department that focused on helping clients with their company retirement plans, Kevin found what he had a passion for, helping small business owners and their employees successfully prepare for retirement.

Kevin left Fidelity to come work with David Luke as a partner in Medicus Wealth Planning. Having the opportunity to work with clients on a fee-only basis allows Kevin to give objective and sound financial planning advice that is never tainted by a hidden agenda.

Kevin graduated from Utah Valley University with a degree in Personal Financial Planning. Utah Valley University’s Financial Planning Program has been recognized on numerous occasions as a top 10 Financial Planning Program in the country.

Shortly after graduating with a degree in Personal Financial Planning, Kevin became a Certified Financial Planner™ (CFP®).

Kevin lives in Riverton, Utah with his wife Lauren, and their two children. Kevin spends much of his free time with his family outdoors, playing sports, and watching Jazz games. Kevin and Lauren enjoy living close to both of their families and spending time with them.

Education:

Personal Financial Planning, Utah Valley University

Assets Under Management:

$60 million

Fee Structure:

Fee-Only

CRD Number:

6185260

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What's the difference between an individual retirement account (IRA) and a certificate of deposit (CD)?
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An IRA is an account type and a CD is a type of investment. You could actually hold a CD inside of an IRA. A CD is a fixed income investment where you use capital to buy the CD and the CD pays you interest over a specified amount of time and then returns your principal to you. If you hold a CD within an IRA, none of the income you receive will be taxable in the year you receive it. However, once you take a withdrawal from the IRA, all your contributions and growth through interest, dividends, and capital gains will be taxed at ordinary income rates.

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