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Jayson Owens

Personal Finance, Retirement, Investing
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“As a Financial Planner for Bright Road Wealth Management, LLC, Jayson Owens is dedicated to providing comprehensive, ongoing financial planning and investment management services for his clients.”
Firm:

Bright Road Wealth Management, LLC

Job Title:

Financial Planner

Biography:

How I got into this mess:

I'll admit it took me longer to find my true calling than most. Resistance to wearing a suit, lack of a win-at-all costs attitude (commitment to my own integrity), and an industry rife with conflicts of interest all conspired to keep me from becoming a financial planner sooner.

But by the time I found my home as a fee-only financial planner, I had unwittingly built a strong skill set that became the perfect foundation on which to build a career. Creativity honed in architecture and the arts combined with 15 years of small business operational management and strategic planning, provide much more practical experience than many advisors with more direct experience can bring to bear. Years of coaching individuals in productivity and efficiency combined with study of behavioral economics gave me an intuitive understanding of motivation. Finally, years of outdoor adventure guiding and real estate investment management brought me enough risk assessment and risk management experience to fill several lifetimes.

What I provide for my clients:

I am committed to full-service, comprehensive financial planning and investment management. I work with clients, both in person and virtually, to optimize their unique financial situation. I like to help my clients save money and increase the return/ risk ratio of their investments. My goal is to maximize the probability of you achieving your own personal and financial goals. This is a long-game approach. As humans, we are prone to growth and as we grow our goals can change, so I use what I know about you to preserve your future choices.

 

When I am not working on improving your financial life:

I hang out with my wife and two young kids in the outdoors - biking, camping, skiing, or rafting. I teach Wilderness First Aid courses for NOLS. I volunteer as Treasurer of the Tacoma Waldorf School Board of Trustees.

Education:

Bachelor of Environmental Design, Texas A&M University

Fee Structure:

Fee-Only Based on Assets Under Management
Hourly

CRD Number:

6618470

Disclaimer:

Bright Road Wealth Management, LLC is a registered investment adviser in the States of Alaska, Texas, and Washington. The adviser may not transact business in states where it is not appropriately registered, excluded, or exempted from registration. Individualized responses to persons that involve either the effecting of transaction in securities, or the rendering of personalized investment advice for compensation, will not be made without registration or exemption.

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    Financial Planning, Retirement, Annuities, Taxes
Would converting my entire 403(b) into immediate annuities satisfy required minimum distributions?
100% of people found this answer helpful

Since you aren't retired, you may not need to take RMDs yet depending on what your 403(b) allows, but I'll assume your plan requires RMDs based on the age requirement regardless of whether you are retired.

It's not a good idea to pick an investment vehicle based on the RMD situation. Sounds like it might help to take a step back and look at your larger goals. Satifying required minimum distributions (RMDs) should be part of your larger tax plan, which should be part of a yet larger financial plan. No one should be waiting for RMDs to just "hit them".

Additionally, it's important to not let the tax-tail wag the dog, meaning the goal is to maximize future cashflow available to you. A good financial plan includes good investment planning and minimizing tax consequences. In a perfect world, you should plan distributions and conversions ahead of retirement and before turning 70.5, so that you can maximize tax advantages over your entire life expectancy.

One of the the few advantages of an annuity is tax deferral. You already have that advantage with your 403(b). You would also have that advantage rolling into a Traditional IRA. The biggest downsides to annuities are high fees (read: low returns), limited investment options, and complexity. Guaranteed returns are usually the selling point, but these guarantees should be reviewed carefully and with expert assistance (and I don't mean from the sales person). Frequently, the salespeople at your 403(b) provider will think that the best thing for everyone is to roll their 403(b) into an annuity with that provider. Rarely is that the best option once you consider all options available to you.

If you are required to take RMDs, regardless of the type of account, the calculation is based on the value of those tax-deferred accounts and your life expectancy. All of the distribution will be taxed as ordinary income. The "rollover" is not a taxable event whether to an annuity, a Traditional IRA, or to another 403(b) at a new employer.

Rolling a 403(b) into an annuity doesn't solve any of the problems that RMDs create.

January 2019
    401(k), Annuities, Stocks, Insurance
Should I consider investing in an annuity or stick with my long-term stocks if I don't like the unreliability of the market?
100% of people found this answer helpful
January 2019
    Debt, Estate Planning, Choosing an Advisor, IRAs, Real Estate
How should a 22-year-old invest an inheritance of $210,000 and inherited Roth IRA of $375,000?
86% of people found this answer helpful
November 2018
    Asset Allocation, Bonds / Fixed Income, Choosing an Advisor
Should I try a do-it-yourself approach when beginning to invest 50% in stocks and 50% in bond mutual funds, or hire a financial advisor to select a basket of stock options and bond mutual funds? 
83% of people found this answer helpful
March 2018
    Social Security
Does Social Security income change when you change your residency to a different state?
40% of people found this answer helpful
November 2018