Levi Sanchez

Personal Finance, Retirement, Lifestage Based Planning
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“As the Co-Founder of Millennial Wealth, Levi Sanchez provides fee-only, fiduciary, financial planning and investment management services to young professionals, families, and tech employees across the country. ”
Firm:

Millennial Wealth

Job Title:

Co-Founder, Financial Planner

Biography:

A millennial himself, he's lived through many of the same experiences as his clients and understands first-hand their struggles and successes. Having worked with older generations and high net worth clients as well, he understands the impact financial planning can have the earlier you start.

Prior to launching Millennial Wealth, he started his career as a financial advisor at a bank-run wealth-management firm. Over the course of 3 years at the firm, he realized Millennials, for the most part, aren't able to access professional financial planning and investment management services.

He saw an enormous need to make these services available to the Millennial generation. Time is our greatest friend when it comes to building wealth. The earlier Millennials put a financial plan in place, monitor, and track towards goals, the greater the impact it can have.

Levi grew up in Eastern, Washington, and lived in Seattle since 2014. He’s always had an interest in personal finance, investing, and money. He’s a member of the Confederated Tribes of Grand Ronde and proud of his Native American heritage. In his free time, he enjoys playing golf, basketball, video games, and watching the latest binge-able Netflix shows with his girlfriend.

Fee Structure:

Monthly
Asset-Based

CRD Number:

6342619

Disclaimer:

Millennial Wealth is an Investment Adviser registered with the State of Washington. This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. We do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. The information provided is subject to change without notice.

Videos
  • What do Financial Planners do?
  • Financial Planning For Millennials
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last month
    IRAs, Retirement Savings, Retirement Plans
3 weeks ago
    Choosing an Advisor, Financial Planning
3 days ago
    Lifestage Based Planning, Financial Planning, Investing, Retirement, Debt
last month
    Stocks, Investing, Asset Allocation
January 2018
    Financial Planning, Personal Finance, Retirement Savings

All Answers
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    Investing, Taxes
Do you pay capital gains tax on the amount of interest you've earned on the amount withdrawn, or the full amount you withdraw?
83% of people found this answer helpful

Capital gains tax applies to an investment's growth, not the interest. In your example, you mention contributing $1000 to a taxable account. Once the $1000 is invested in a security (stock, ETF, mutual fund, etc) then you establish a basis. The cost basis is what is used for tax purposes to show the price you bought your investment for. Assuming it grows to $2000 and you decided to sell your investments, you would then pay capital gains tax on the growth.

$2000 (current investment value) - $1000 (cost basis) = $1000 (Subject to capital gains tax)

On the contrary, interest applies to an investment such as bonds. Investments that pay interest are subject to ordinary income tax. 

Depending on how long you hold the investment before selling, the capital gains can be taxed as ordinary income, or the preferable long-term capital gains tax. Short-term capital gains tax (ordinary income tax bracket) applies to investments held for less than 1 year, and long-term capital gains tax applies to investments held for longer than 1 year. 

last month
    Debt, Investing
Should I pay off some of my debt or invest the $15,000 that I have saved?
83% of people found this answer helpful
2 weeks ago
    Retirement, Estate Planning, 401(k), ETFs, IRAs
What is the best investment option for me to grow my Roth IRA retirement account: ETFs, real estate, or something else?
80% of people found this answer helpful
last month
    Debt, Financial Planning, Pensions, Investing, Asset Allocation, IRAs
As a recent college graduate with no debt, how should I allocate my savings?
75% of people found this answer helpful
last month
    College Tuition, Mutual Funds, Stocks
Are there funds (other than 529 Plans) for college education costs where I can deposit money regularly and purchase stocks without incurring fees?
75% of people found this answer helpful
January 2018