Mitlin Financial Inc.
As Mitlin Financial’s president and lead wealth manager, Larry Sprung drives planning and asset management services, as well as business development, for the firm.
Larry entered the financial industry in 1996, and continues to be inspired and energized by the challenge of helping his clients achieve and even surpass their financial goals.
Larry earned a Bachelor’s Degree in Mathematics from Binghamton University. He holds the Certified Financial Planner™ designation, reflecting expertise across a broad range of planning topics.
He started his career at a small boutique, and later served as a Financial Consultant at Salomon Smith Barney and a Vice President at Bank of America Investments. He founded Mitlin Financial in 2004, incorporating in the business the best features and practices from his previous firms.
Today, Larry is proud to be serving the second and third generations of his clients. He has seen first-hand how strong financial habits, instilled in parents, children and grandchildren, can impact a family’s wealth and wealth stewardship for generations.
Larry is known as a devoted educator. His efforts include not just regular client meetings but also workshops on diverse financial topics. He is also a frequent speaker at industry conferences.
An active volunteer, Larry serves on the National Board of the American Foundation for Suicide Prevention, and sits on its Financial and Investment committees. With his wife, Denise, he has raised more than $700,000 for the organization through the Keith Milano Memorial Fund. The fund was created at AFSP in memory of Larry and Denise’s brother-in-law and brother, respectively.
Larry has been recognized as one of Long Island Business News' "40 Under 40*," and was subsequently chosen, in 2009, as Valedictorian of the "40 Under 40*" Class of 2006. His commentary is regularly featured in publications such as Long Island Business News, U.S. News & World Reports, Newsday and RT Digital Magazine, serving the author community.
A Smithtown resident, Larry is an avid New York Rangers fan, and gets on the ice himself whenever he can. He and Denise travel frequently to watch their two sons play hockey in traveling leagues.
BS, Mathematics, Binghamton University
Assets Under Management:
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Lawrence Sprung, CFP® profiled on Advisor Insights via Investopedia
Mitlin Minute: Get Your Financial House In Order
Mitlin Minute: Beneficiary Designation Review
You would use the market value.
The cost basis for your stocks are only the amount you originally paid for the securites. The market value is what they are worth today. The market value can be higher or lower than your cost basis.
I hope this clears up and answers your question directly and that your market value is higher than your cost basis.
Yes, this very well can be the case. Many of these online banks do not have overhead and significantly lower expenses that allow them to offer a higher yield. In addition, they have a high demand for deposits so they are willing and able to pay a higher interest rate.
You will simply want to make sure that the financial institution is covered by FDIC and that you keep your deposits below the limits for coverage. As long as you make sure these two things are in place your deposits are as safe as they would be in your local bank.
I personally have used several online institutions over the years so my deposits could earn a higher rate of interest. You just want to make sure you do your homework upfront.
I hope this makes sense and wish you the best of luck in your search for yield.
This is a great question and one that I must answer, it depends, due to lack of information.
The only instance that would allow you to rollover the inherited IRA assets would be if they were being inherited from yuor spouse. This is the only time, regardless of age, that you can rollover assest from a decedant's IRA to your own.
When you inherit assest from anyone other than your spouse, you are required to open an inherited IRA and begin taking required minimum distributions each year. This will be a minimum amount you will need to take out each year and you can always take out more if needed, regardless of age.
So, if it is a spouse's IRA you can roll it over to your own otherwise you cannot. I am sorry for your loss and hope this helps!
Depending on how long agao you had the account, you may want to check the Office of Unclaimed Funds for your State. Here is a link that will take you to where you can choose your state and it will bring you to the Office you need to check: https://www.unclaimed.org/
Check this first and if it is not there then you will need to do some digging to see who bought the firsm and track it down that way.
Good luck with your search and i hope this link is helpful!
Absolutely not! Your benefits are only affected by your income if you start collecting social security prior to full retirement age (which is based upon when you were born and lower than 70 years old0. You should be all set!
Congrats and early Happy Birthday!