Sam Benen

Personal Finance, Retirement, Investing
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“With a decade of experience in the financial world, Sam Benen is committed to being a helpful resource for a wide range of personal financial decisions.”
Firm:

SJBenen Advisory, LLC

Job Title:

Investment Adviser

Biography:

Sam has been in the investing business since graduating from Princeton in 2007 with a Bachelor’s degree in economics.  His career as a trader and portfolio manager in the hedge fund industry, with experience trading a wide range of financial instruments and overseeing complex portfolio strategies, gives him a unique perspective on being an investment adviser.  He started SJBenen Advisory, LLC in 2016 with the simple idea to use his accumulated investing experience to help people.

Sam was a top-ranked chess player in the nation growing up, winning 7 individual national chess championships between the ages of 8 and 18.  He is an ever-aspiring dilettante at all kinds of strategic games like Scrabble, Boggle, gin rummy, poker, and golf.  He is originally from New York City and now lives in Chapel Hill, North Carolina.

Education:

BA, Economics, Princeton University

Assets Under Management:

$50 million

CRD Number:

6634000

Disclaimer:

SJBENEN ADVISORY, LLC IS A REGISTERED INVESTMENT ADVISER. INFORMATION PRESENTED IS FOR EDUCATONAL PURPOSES ONLY AND DOES NOT INTEND TO MAKE AN OFFER OR SOLICITATION FOR THE SALE OR PURCHASE OF ANY SPECIFIC SECURITIES, INVESTMENTS, OR INVESTMENT STRATEGIES. INVESTMENTS INVOLVE RISK AND UNLESS OTHERWISE STATED, ARE NOT GUARANTEED. BE SURE TO FIRST CONSULT WITH A QUALIFIED FINANCIAL ADVISER AND/OR TAX PROFESSIONAL BEFORE IMPLEMENTING ANY STRATEGY DISCUSSED HEREIN

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  • Sam Benen -- SJBenen Advisory, LLC
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May 2017

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    Debt, Retirement, 401(k), Stocks, Insurance
Do we have enough money saved as collateral against potential market downturns during retirement?
82% of people found this answer helpful

I advise you in the strongest possible terms not to put any personal financial information out on the web in an open forum format such as this.  Financial planning conversations in which you reveal your holdings should occur with a financial advisor, with the mutual understanding of total privacy.  We live in a world where phishing, identity theft, and fraud are rampant.  Just last year, Equifax was hacked and all of our Social Security numbers and sensitive credit information were leaked out into the dark web.  At 53 and 55, you are still vibrant and have many good years left, but note that financial schemes targeting retirees are rampant.  I believe that people who frequently travel internationally are easier targets in many ways (someone reading this would know you are traveling internationally and when you plan to travel).  In such a vicious world, there is reason to be ultra-cautious about divulging any personal information to anyone for any reason, much less volunteering it for the entire world to see.

It is clear from your question that you are thinking about financial security for the rest of your life.  This cannot happen without complete and total protection of your private data and personal information.  I would urge that, before you even consider a financial plan, you do an honest and robust accounting of your personal cybersecurity.  One cannot exist without the other.  Do you use the same user name and password for multiple financial account logins?  Do you use two-factor authentication to access your financial accounts online?  Do you monitor your credit frequently to make sure that fraudulent accounts are not being opened in your name?  Are sensitive details about your life easily visible on social media?

This may not be the advice you were looking for, but I believe it is the advice you need.  While your name is obviously not revealed on this forum, it would not be too difficult for a skilled hacker or identity thief to track down the IP address you used and realize that you are wealthy retirees who plan to travel internationally and are a bit casual about divulging personal information.  I apologize for the harsh tone of this response but I believe it is of paramount importance.

All my best to you and congrats on your success and upcoming retirement.  And, for what it's worth, the answer to your original question is yes, having four years' worth of cash parked in CDs is more than likely sufficient protection.

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Should I use my saved money to pay off my mortgage or invest?
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May 2018
    Investing, ETFs
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February 2017
    Debt, Investing
Should I begin to invest despite being in debt?
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May 2017
    Banking, Bonds / Fixed Income
In the movie The Big Short, how does Dr. Burry buy credit default swaps?
71% of people found this answer helpful
September 2017