Kristi Sullivan

CFP®
Personal Finance, Retirement, Investing
78%
Helpful
62
Answers
10
Articles
8
Followers
“With her experience and education as a Certified Financial Planner ™ designee, Kristi Sullivan will work with her clients to piece together their unique financial puzzle.”
Firm:

Sullivan Financial Planning, LLC

Job Title:

Owner

Biography:

Kristi Sullivan has been helping people achieve financial security since 1996.

After graduating with a B.S. in Business from Colorado State University, Kristi worked for Great-West Life in the employee benefits department for three years. This experience gave her a strong background in employer retirement plans, Flexible Benefit Accounts, and group medical plans.

Departing for Fidelity Investments in 1998 gave Kristi the chance to learn more about financial planning on a personal level. In her nine years at Fidelity, my duties included operations, compliance, financial planning, and teaching investment classes.

Sullivan Financial Planning, LLC was formed in 2007 with the goal of providing clients exactly the type of help they needed, without the pressure of corporate quotas or sales numbers directing the recommendations.

Kristi holds the Certified Financial Planner™ designation and the  Series 65 and Colorado Life & Health Insurance Licenses. She is a member of the Financial Planning Association, The Alliance of Professional Women, The Women’s Estate Planning Council, and the Denver Alumnae of Chi Omega.

She is proud to have been a volunteer speaker for the non-profit Evelyn Brust Foundation. As a speaker for the Brust Foundation, she presented on achieving financial security at public libraries for the purpose of providing the general public an education without a sales pitch.

In Kristi's down time is spent with her husband and two sons. She is always up for a ski day,  travel, seeing plays, and reading a good book.

Education:

BS, Business, Colorado State University

Fee Structure:

Fee-Only

CRD Number:

2704767

All Articles
Sort By:
Most Helpful
March 2017
    Real Estate, Retirement, Retirement Living
July 2017
August 2017
May 2017
July 2017

All Answers
Sort By:
Most Helpful
    Debt, Retirement, 401(k), Taxes
Will the amount of an outstanding loan from my 401(k) be deducted from the total taxable amount of my 401(k) at retirement?
50% of people found this answer helpful

You are correct, the amount of your outstanding loan will be subject to income taxes at the time of your loan default (when you stop paying it back).  The remaining balance is subject to income tax at your ordinary income tax rate.  The 20% withholding comes into play if you take money directly out of the plan as a payment to you.  If you roll the 401(k) to an IRA, there is no tax for that transaction.  As you take money out of the IRA, you can tell your investment company the percentage you want withheld at each distribution.

Try to only take out money when you need it, not in one big lump sum.  That will only increase your taxes in one year, when spreading out the distributions could keep you in a lower tax bracket.

2 weeks ago
    Estate Planning, Real Estate
Can you negotiate a fair market value on real estate if you were given the first right to buy from the estate?
50% of people found this answer helpful
2 weeks ago
    Investing, Real Estate
I've come into a large amount of money. Should I invest it or pay off my mortgage?
48% of people found this answer helpful
February 2017
    Banking, Investing, Taxes
Should I move funds from large bank with high fees even though there will be high gains?
40% of people found this answer helpful
December 2017
    Financial Planning, 401(k), Asset Allocation
Where should I invest some extra cash?
40% of people found this answer helpful
July 2017