Tami Acree

CFP®
Personal Finance, Retirement, Investing
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“As a Financial Planner with HSC Wealth Advisors, Tami Acree's mission is to build long-term relationships that improve her client's life through astute and efficient stewardship of their financial resources.”
Firm:

HSC Wealth Advisors

Job Title:

Financial Planner

Biography:

Tami enjoys seeing clients in all stages of life achieve their goals. One of her greatest joys is playing a role in that process by helping individuals save money and make wise financial decisions. Prior to joining the HSC team in 2012, Tami completed her undergraduate degree at Liberty University where she specialized in Accounting and Finance and competed on LU’s Track and Field team.

HSC Wealth Advisors (HSC) is an independent fee-only wealth management firm comprised of a team of EXPERIENCED financial advisors and investment managers. When you are seeking professional, dedicated experts to help you plan a secure retirement strategy, start your financial portfolio as a young investor, or create a comprehensive financial plan, the team members at HSC are some of the best in the industry.

Tami and her husband Caleb live in Lynchburg with their white husky and cat. When she isn’t at the office, Tami enjoys volunteering at church and participating in all things active including waterskiing, volleyball and Frisbee golf.

Education:

BS, Accounting, Liberty University

CRD Number:

6165625

All Answers
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    401(k), Annuities
If I do an in-service withdrawal, where should I put those funds?
20% of people found this answer helpful

Where to put your in-service withdrawal depends heavily on your current financial situation. There are many considerations.

1. Age: If you are over 55 years old and have limited investment options in your 401k, an in-service withdrawal may be a good option.

2. Custodian: You can roll it into a Traditional IRA at the custodian of your choice. IRAs have access to a much greater variety of funds than most 401(k)s so you could potentially increase the growth in the account.

3. Liability Protection: If your 401(k) is an ERISA plan and you have liability exposure from your employment (doctor, lawyer, etc.), you have greater liability protection keeping the funds in the 401(k) plan. 

4. Withdrawals: If you are over 59.5 years of age, you don't have to worry about withdrawal penalties from a Traditional IRA. 

To answer your question about maximum 401(k) contributions, if you are over 50 years old you can defer $24,000 in 2017 and that maximum is increased to $24,500 in 2018. 

Annuities are appropriate in a very limited number of situations. Most often they are expensive and inflexible investment options. Find a fee-only, independent advisor in your area for some objective advice that can be further customized to your specific situation. You can see there are many factors that should play into the decision to do an in-service distribution. 

December 2017
    401(k), IRAs, Taxes
What are the benefits of converting an after tax 401(k) to a Roth IRA?
0% of people found this answer helpful
October 2017