Enso Wealth Management
Daren Blonski, co-founder of Enso Wealth Management, brings years of experience and expertise to the firm. As a CERTIFIED FINANCIAL PLANNER™ he has met rigorous professional standards while adhering to the principles of integrity, objectivity, competence, fairness, confidentiality, professionalism and diligence. Daren serves as lead advisor for many of the firms clients.
Daren has a client centered approach to investing, working with clients to simplify the road to achieving their financial goals. He takes the time necessary to clarify goals, construct a strategy to achieve those goals, and support clients through education, listening, and guidance. The highlight of his job is the joy clients experience when they reach financial fulfillment.
Daren has become an expert in his field with multiple financial designations including Chartered Retirement Plans Specialist℠ (CRPS®), and Chartered Retirement Planning Counselor℠ CRPC®. Clients value his fresh and creative approach to problem solving.
In his free time, Daren enjoys Crossfit. He is active in the community with his beautiful wife and three children.
1. There really is only two numbers that matter in retirement. What is coming in? What is going out? Whether or not you can afford this home is a function of analyzing expected flow in, and flow out.
2. I would consider waiting longer to take your social security out. 62 is the earliest you can take it, with a substantial reduction in your payout for the rest of your life. When do you plan to stop working? Why take it at 62?
3. Prior to buying this home, I would sit with a fee-only fiduciary advisor and have them work with you on constructing a financial plan.
4. Questions to consider. Why this home? Why now? Is this a good home for retirement? Are there lots of stairs in this home? Do we want to live in this home in retirement? Where are we in the economic cycle, is this a good time to deploy cash into real estate? What's the local real estate market like right now? Is this a house or a home?
The overall impact of the tax reform bill is mixed and will take a while to play out. It’s very difficult to tell to what degree tax reform will impact muni investing, as the bill was passed very quickly. Everyone is still reading it, even those who voted for it. From what can be discerned thus far, all 3.8 trillion in muni bonds will remain federally tax-exempt. In addition, the bill still allows for issuance of new muni debt. However, it is likely that we see a reduction in gross issuance, due to some shifts in the advanced funding rules. the bottom-line, the tax reform bill will likely have a neutral to slightly positive impact on municipal investing.
I am not aware of any options you have. Will the institution who you withdrew the money from take the check back for deposit? How far past the 60 days are you? It will really come down to whether or not the institution you recieved the fund from will take the check back...
Wow, this can be a tough call. Here are some steps to making the decision.
1. What is the interest rates on the debt? Can you reasonably make more in your investments than you are paying on the interest in debt? The answer is likely no, not without taking on excessive debt.
2. Do you qualify for any federal/state/or job specific relief? If so make sure your taking advantage of all the programs out there.
3. How do you feel about debt? I personally do not like the feeling of debt and prefer to have it paid off as soon as possible. I am also very reluctant to take it on; school debt is sometimes a necessary evil and an investment in your future.
Hope that helps some, best of luck.
The simple answer is no. However, depending which State you reside in an IRA is considered community property and technically a mutually held asset. Although this always is very dependent on your situation. When one spouse dies, the IRA typically passes to the surviving spouse. In Community Property States, the spouse has the first right of refusal to the assets held in the IRA. It's really important to make sure that your beneficiary information is up-to-date on an IRA. The reason that an IRA cannot be mutually owned is because the IRA is tied to the social security of one of the spouses.