Glisczynski & Associates
Investment Advisor Representative, CFP®, CAS
Jason is an independent Investment Advisor Representative and fiduciary.
Jason is a Certified Financial Planner™ practitioner. The CFP® marks identify those individuals who have met the rigorous experience and ethical requirements of the CFP Board, have successfully completed financial planning coursework and have passed the CFP® Certification Examination covering the following areas: the financial planning process, risk management, investments, tax planning and management, retirement and employee benefits, and estate planning. CFP® professionals also agree to meet ongoing continuing education requirements and to uphold CFP Board’s Code of Ethics and Professional Responsibility, Rules of Conduct and Financial Planning Practice Standards.
As a retirement income planner Jason's knowledge and understanding of the steps necessary to maximize his clients' Social Security, pension, 401(k), and other benefits makes him an ideal planner to work with. Jason is committed to researching various investment tools and strategies to help clients maximize their retirement income.
Jason carries a Certified Annuity Specialist (CAS) designation from the Institute of Business and Finance. The CAS designation is designed to reflect strong fixed index, traditional fixed-rate and variable annuities knowledge. Although index annuities are not right for everyone, they can be a powerful tool when applied in the proper situation.
Jason utilizes a multitude of investments and strategies with clients including traditional bank CDs, FDIC insured Market Linked CDs, annuities, structured notes, hedged equity strategies, defensive switching strategies, volatility triggered trading, and High Probability Options Strategies. By blending a mixture of stock market tools alongside accounts with guarantees, backed by the federal government or insurance companies, Jason strives to provide his clients peace of mind knowing that their accounts are within their risk tolerance and operating efficiently.
In his off time, Jason enjoys spending time with his beloved wife, Clair. They enjoy backpacking, biking, golfing, camping and fishing. Clair and Jason are members of the Celebrate Plover Foundation board of directors. Jason gives back to the community in several ways. He is a Finance Committee Member for the Celebrate Plover Foundation, Finance Committee Member for The Boys and Girls Club of Central Wisconsin, Treasurer for the Central Wisconsin Symphony Orchestra, and an instructor and member of The Society for Financial Awareness (SOFA). Jason hosts a Sunday Morning education radio show on 99.9 FM and 550 AM called retire PREP, Personal Retirement Education Program.
BASc, Business and Accounting, University of Wisconsin-Stevens Point
Assets Under Management:
Brookstone Capital Management (BCM) and its Investment Advisor Representatives act as fiduciaries for all of our investment management clients. We have an obligation to act in the best interests of our clients and to disclose any conflicts of interests and all associated fees. Additionally, the recently enacted Department of Labor (DOL) Fiduciary Rule imposes a fiduciary duty upon advice given to any retirement account, including qualified insurance annuity products. Please refer to the BCM firm brochure (Form ADV 2A) for additional information regarding the fiduciary standard.
Investment advisory services offered through Brookstone Capital Management, LLC (BCM), a registered investment advisor. BCM and Glisczynski and Associates are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. Any comments regarding safe and secure investments, and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claimsÃ¢Â€Âpaying ability of the issuing company and are not offered by Brookstone Capital Management.
Information provided is for educational purposes only and is not a solicitation or recommendation of any investment strategy. Investments and/or investment strategies involve risk including the possible loss of principal. There is no assurance that any investment strategy will achieve its objectives.
High returns are generally not the key to success in retirement planning. Growing your money during your working years a higher return has a bigger impact, however, when retired and withdrawing your money the preservation of what you have already saved is more important. Avoiding a large loss is generally far more important than having a high return. For example, if there are two investors and one of them earns 4% and the other earns 8%, you may only extend your retirement dollars (when you will run out of money) by 4 to 6 years. The risk you must take in increase your return from 4% to 8% could be substantial. In addition, a large loss could shave off as much as 15 years from your retirement income needs. The key to success is managing risk, and having a well laid out written plan covering all aspects of your retirement such as taxes, social security, estate planning and insurance to make sure you have the highest probability of success as possible.
You will need to read the PPM (Private Placement Memorandum) or prospectus cover to cover to fully understand what you are buying. This can be a difficult task, as the attorneys that draft those documents often use very sophisticated language and terminology that is often misunderstood, it is easy to become confused. However, everyone is different. You may find reading the document enjoyable, who knows!? If you find reading the document too cumbersome enlist the services of a quality investment attorney, CFA®, or CFP® to help you understand the risks involved with such a purchase and help you determine if it is appropriate for your risk tolerance, time frame, and personal financial goals.
Transactions in an IRA are tax deferred. You owe tax when you put money in your hand; when you withdraw funds from the IRA. You can do unlimited transactions inside the IRA account with no tax ramifications until you take the money out of the IRA tax status.
STOP!!! The IRS has limits on how much money you can put into a 457 Plan on an annual basis. You can contribute the LESSER of: 100% of your includable compensation, or $18,000. A special catch up contribution is allowed if you are over age 50 for an additional $6,000. A limited number of 457 Plans will allow a participant for 3 years prior to the normal retirement age as specified in the plan to contribute the LESSER of: twice the annual limit, or the basic annual limit plus the amount of the basic limit not used in prior years provided you are not using the age 50 and over catch up contributions. In short, you most likely can’t put $57,000 into your 457 plan. If you exceed the maximum contribution limits you could be subject to double taxation. You should enlist the help of a qualified tax advisor to determine the max you can put in.
Another issue is the itemized deduction. if you are a married filing jointly tax payer, the standard deduction in 2017 is $12,700, more than your $11,000 of itemized deductions so you would most likely not itemize in 2017. If you are a single tax filer, the standard deduction is $6,350 so the itemized deduction is more. Deferring income into your 457 plan will reduce your taxable income now, but you will owe tax on those dollars when you withdraw them in the future.
Without knowing your entire situation, I cannot make a recommendation on what strategy you should implement. However, I do recommend you work with a professional that can help you clearly articulate your goals, develop a plan to address those goals, and in conjunction with your 457 plan consider other tools such as a ROTH IRA, life insurance, non-qualified accounts, and so on.
There are a lot of different tax issues surrounding Social Security. Your questions is specifically about the earnings test. Distributions from a 401k or IRA do NOT count towards the earnings test. They DO count towards your provisional income and potentially making your Social Security taxable, but that is a whole separate topic.
The list of income items that is exempt is rather long, and can be found in the Social Security Handbook here: https://www.ssa.gov/OP_Home%2Fhandbook/handbook.18/handbook-1812.html
Generally speaking, the amount on line 7 of your IRS form 1040 tax return is the amount used for the earnings test.