Meridian Financial Advisors, LLC
Georgia and Rich Bruggeman founded Meridian Financial Advisors, LLC in 1990 to provide truly fee-only advice and guidance without any conflicts of interest that accompany commission sales. Meridian Financial Advisors, LLC is a comprehensive financial planning and investment management firm. They have been providing financial planning services to individuals, families and small businesses since 1990 in a fiduciary capacity. While they advise their clients on insurance needs, taxes, retirement planning, estate planning, education funding and Long Term Care they specialize in portfolio management and securities analysis.
Georgia and her team give one on one attention to each of their clients and develop plans that consider their clients' specific time horizon, risk tolerance and stated goals. They take a comprehensive approach to their clients' finances because a decision in one area will affect the rest of the plan. As a financial planner, Georgia is often compared with the quarterback who not only is an integral part of the game but who depends on everyone else on the team working together.
In addition to holding the CFP® designation, Georgia is a registered investment advisor and earned her MBA in Finance from Babson College and has passed Levels I and II of the CFA program. Georgia is a member of the Financial Planning Association, CFA Institute and the National Association of Personal Financial Advisors (NAPFA).
Georgia and Rich live in Sherborn with their 2 sons, and also spend time in Cape Cod near their alternate N. Eastham office.
MBA, Babson College
BS, Business Administration, Skidmore College
Assets Under Management:
When you take you RMDs you should have the custodian withhold taxes at the tax rate you use on your return for both Federal and state tax. I am assuming you are talking about paying a long term capital gain tax on investments in the investment account. This tax is due by the time you file your tax return which can include extension until Oct 15. Given that the house is illiquid and you do not know when you will actually recieve the proceeds from it you may have to take money from the investment account to pay the 15% tax. Also after you sell the house you will most likely put the proceeds into the investment account. Since you were not offically married you are not allowed to roll her IRA into your own but rather retitle her IRA as an Inherited IRA and take distributions based on your life.
If you have not officially "annuitized" your annuities then you do have the ability to take out funds as you need them. Generally annuity owners "annuitize" their accounts and trade the value of the annuity for guaranteed lifetime monthly payments. This means you cannot withdraw more money than what you are getting monthly. Prior to officially annuitizing however you have access to your funds however and whenever you want them. If you need funds for home maintenance you should plan on having your monthly income exceed your needs so you can put aside funds for maintenance. Annuities can be a good part of a retirement plan but should not be your entire plan given their inflexibility.
Asset Allocation start with how much you have in Stocks, Bonds and Cash. The more you have in stocks to more risk you are taking. The more you have in bonds the less risk you are taking. Cash is for near term needs and can be a holding place until a suitable investment can be found.
Once you decide on your basic asset alloction you then need to go a step further and define what kinds of stocks you want to own for your situation and risk tolerance. Large Cap stocks, Mid Cap stocks or small stocks. International? emerging Markets? Corporate Bonds or Municipal bonds. Governement bonds? Short Term bonds or long term bonds?
Going further then you have to decide what kind of Large , Mid, Small cap stocks you want to own. Dividend focussed or growth or a mix. Maybe you want to minimize volatility?
First decide on much risk you can handle and what your needs are in terms of income from the portfolio. Then build the portfolio to generate some of the income and have a chunk in equities of all sizes including international to provide for growth to keep up with inflation. Keep cash to cover 6 months expense minimums so you do not have to sell in a down market.
For long term saving index funds are an excesslent choice. At your age you should also consider having an emergency fund so whn you need ready cash you do not need to sell your index fund at the wrong time. Keep saving and leave it alone for as long as you can. Also be sure the index fund is very inexpensive. The expense ratio on the fund or ETF should be less than 0.15%.
It depends on your time horizon, risk tolereance and how much volatility you think there will be in the market. Dollar cost averaging works very well in choppy markets when there are alot of reversals. This allows you to buy more shares at lower prices. But if you think the market will not be very volatile then you should lump sum and rebalance when necessary. The bond part could be a little tricky but this is where you time horizon comes in. if you have a long time - in excess of 10 years then lump summing will do better. its not market timing , its time in the market that makes the biggest difference in returns. A well managed bond fund will know how to minimize the interst rate risk. And if your portfolio is large enough individual bondsmight be a good choice since you can buy them and hold to maturity which eliminates interst rate risk.
Your IRA can move to your planner as is with all exisitng postiions. If you want to keep the positions in your 401k then you need to roll that over to an IRA at that firm and them transfer that IRA to the planner. Unless everything you hold is of poor quality or not appropriate for you and your goals , it is not necessary to liquidate all of your holdings.