Michael Phillips Black Wealth Management
Michael Black began his career in the Public Accounting field specializing in tax planning for both individuals and businesses. He has since redirected his practice to focus on comprehensive financial planning. As a licensed professional financial planner, he also holds licenses in both life and health insurance in addition to his securities licenses. Michael is a Certified Financial Planner™ and holds membership in the Financial Planning Association. Michael is a Certified Divorce Financial Analyst and a member of the Institute of Divorce Financial Analysts (previously the Institute of Certified Divorce Planning).
Michael is a frequent lecturer on financial topics both locally and nationally. He has been featured in the Wall Street Journal, Forbes, Money, Men’s Health, among others, and is a regular contributor to the Arizona Republic. He is a regular Financial Expert on Fox News 10, ABC 15, Sonoran Living Arizona Family News Channel 3, and the nationally broadcasted Nightly Business Report and The Financial Advisors on PBS.
Michael graduated from the University of Arizona, where he majored in both Accounting and Finance, and from the Investment Training Institute. He also has achieved designations as a Certified Financial Planner from the College for Financial Planning, Certified Divorce Financial Analyst from the Institute for Divorce Financial Analysts.
Michael is married and has 4 children. He is an avid boater and has worked as a delivery captain, delivering small yachts trans-Atlantically throughout the eastern seaboard and the Mediterranean.
BS, Accounting and Finance, University of Arizona
Assets Under Management:
Michael Black, CFP, CDFA, is an Associated Member of The Investment Advisors, a division of ProEquities, Inc. ProEquities is a Registered Investment Advisor and a Registered Broker/Dealer with the Securities and Exchange Commission, and is a member of the Financial Industry Regulatory Authority, Inc. and SIPC. Michael also holds memberships in the International Association for Financial Planning, the Institute for Certified Financial Planners, the Institute for Divorce Financial Analysts, and the National Association of Life Underwriters.
Thanks for reaching out. The easist way to get started is to visit a Fidelity office where an advisor can help you build a porfolio using ETF (Exchange Traded Funds) or Mutual Funds. As long as you use Fidelity as the custodian (they hold your funds) they can be agnostic as to which funds you use, in other words, they won't JUST recommend Fidelity funds.
The key is to communicate your expectations and risk perspective. 5 years is a short time, investment wise, so even though your outlook might be aggressive, you don't have the time to be aggressive, as an example. They should align a portfolio with your goals. Hope this helps! Michael Black
Maybe! You would first have to go to Family Law court in your local jurisdiction (where you live and hopefully, where you were divorced). You would be suing your Ex for back child support. If you can prove that he is delinquent in support payments, the court might order a Domestic Relations Order that orders the 401k plan to distribute funds to you. It’s up to the judge. Each state is different, but the processes are similar.
I’m a Certified Divorce Financial Analyst, not a lawyer.
There is a specific IRS code section, Section 1041 that allows transfers of assets from one spouse to the other, persuant to a divorce, to be tax free. You may be violating this section if you transfer funds from you to someone else, even for her benefit.
With regards to the restricted stock options, you probably cannot transfer your company's stock options to her, hence restricted. The property settlement agreement probably mentions this: "You are to split proceeds from the excercise of restricted stock options", or similar language