Swaine & Leidel Wealth Services
David Leidel is a partner in the firm Swaine & Leidel Wealth Services. He helps retirees, families, high net-worth individuals, and business owners achieve their retirement and financial goals. Having worked with retirement investors for many years, he knows first-hand the difference that personal guidance and solutions can make for your financial future.
An experienced financial professional, David focuses on helping his clients build, protect, and preserve their wealth. Retirement is a moving target, so investors need dynamic strategies that are tailored to their evolving financial needs and circumstances. As a strong client advocate, David understands this as well as the goals, challenges, and risks which you and other retirement investors face. He begins every client relationship with a careful analysis of individual objectives, needs, time horizon, and other important variables in someone’s complete financial picture. He specializes in developing personalized strategies for legacy wealth planning, estate planning, and retirement income objectives.
David has a Master’s degree in Business Administration from Auburn University and is a graduate of Stetson University. He is also a federally licensed tax practitioner and looks forward to helping you achieve the financial security and peace of mind you desire in your retirement years.
MBA, Business, Auburn University
BBA, General Business and Finance, Stetson University
Assets Under Management:
Swaine & Leidel Wealth Services is a Registered Investment Advisory firm. Information shared on this site is for general information purposes only. You should consult your financial, tax, and legal advisors for your specific issues.
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Without knowing what you are doing with your current Roth account at your bank, robo-advisors may offer you something better. While Betterment has a lot of popularity, other firms offer robo services as well, i.e Charles Schwab. You can research as many you like and decide which is the best fit.
They should walk you through a risk tolerance assessment to help determine which model is best for you. Then your account will be on auto pilot. They will keep you informed about market events and electronically "hold your hand" when necessary. The biggest benefit to the robo-advisor is that you will get institutional style management at a fraction of the cost of a traditional advisor. The downside is that you will be confined to a model, but for something like a Roth which likely has a long-term time horizon, the models will offer you good diversification and reduce your risk.
This seems to end up as the opinion of the one answering this kind of question. If you ask tax preparers, they want to reduce current income taxes and defer growth. Financial advisors fall in the middle depending on their background and experiences. I applaud you for having six months of emergency funds and would ask you to consider the other possible events that could cause you to need money prior to retirement. Also, do you believe tax rates will go down by the time you retire?
My advice is normally this: 1) get the maximum match from your employer through your 401k. 2) If you are able to contribute to a Roth then do the maximum contribution that you are allowed. 3) Look for other ways to grow your non-emergency money in the most tax efficient manner, i.e. growth stocks, zero coupon municipal bonds (if you can find some good ones), and whole/universal life insurance. You want to make sure that you can access money prior to retirement without IRS penalties and taxes. You also want to make sure that you do the best you can to reduce or eliminate taxes. Tax deferral simply puts off what you know about taxes today for the unknown taxes of tomorrow. It also locks you out of your money until you are 59.5 years old.
Most of the time you need to be terminated from the school. If you are still considered an adjunct instructor, then most plans will not allow you to withdraw the funds. This would mean you would need to go through the hiring process with the HR department to teach another course. If you don't plan to teach in the future, you could have them terminate you. That would allow you to withdraw the funds or roll them to an IRA if you wanted. To make sure, you should speak with the HR department about triggering events.
Units typically refer to Unit Investment Trust, Class A referes to a Load Mutual Fund, and Warrants are the right to buy a stock at a specified price before an experation date.
Unit Investment Trusts (UIT) are a basket of securities or mutual funds (underlying investment) that are held until for a specified period of time, i.e. 5 years. At that point the owner can convert his units to the ownership percentage of the underlying investment or cash out.
Class A Mutual funds are mutual funds that charge an upfront commission, usually about 5.25% on an equity fund.
Warrants are often awarded to existing stock owners (however they can be purchased on the exchange sometimes) giving them the right to buy more shares before a certain date for a specified price. This works at well for the stock holder if the price of the stock on the warrant is less that what the stock is actually trading at in the market.
All of these instruments are different and used for different purposes. The UIT's offer less liquidity, Class A's are expesnive upfront, and warrants are great if you are "in the money". UIT's can make it possible for you to buy a simplified basked of securities for a smaller amount of money, which can be good.
It wouldn't hurt to shop the mortgage market. If you could get a 15-year mortgage at a lower rate then you might be able to pay off the house early at the same or lower monthly payment rate. The draw back to any mortgage and especially a new 30-year mortgage is that you are spending the first years on interest. In some instances it makes more sense to just make additional payments on your existing mortgage because more of the payment is going to principal. You can compare your existing payments to that of a new mortgage and see which one is paying more money to the bank and which one is helping you pay off the mortgage the fastest.