Dechtman Wealth Management
Wealth Advisor and Partner
Sam Dechtman, CFP® is a wealth advisor and partner at Dechtman Wealth Management, a leading independent wealth management firm committed to fiduciary advice.
Sam began his career working at large international asset manager in Chicago assisting clients with investment analysis, portfolio construction, and retirement income strategies. During that time, Sam would receive the CERTIFIED FINANCIAL PLANNERTM designation, signaling mastery in all areas of financial planning. After a few years, Sam decided to pursue his true passion and become a wealth advisor, where he would have the opportunity to develop deeper relationships with his clients.
As a wealth advisor at Dechtman Wealth Management, Sam assists clients in the areas of financial planning, investment management, and retirement planning. His approach begins by listening to the client’s goals and dreams to gain an understanding of what is important to them. He then analyzes their financial situation and develops a highly personalized strategy to help them achieve their goals. As a fiduciary, advice is always given in the client’s best interest.
In addition to Dechtman Wealth Management’s formation of a financial plan and providing investment management, all clients receive their own personal financial website, on-going wealth management insights, access to educational and social events, and unlimited consultations.
BBA, Bachelor of Business Administration, University of Wisconsin-Madison
Securities offered through Securities America, Inc. Member FINRA/SIPC. Jordan Dechtman and Sam Dechtman, Registered Representatives Advisory services offered through Securities America Advisors, Inc., an SEC Registered Investment Advisory Firm. Jordan Dechtman and Sam Dechtman, Registered Investment Advisor Representatives. Dechtman Wealth Management and Securities America companies are unaffiliated. Securities America and its representatives do not provide tax or legal advice.
This site is published for residents of the United States and is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or product that may be referenced herein. Persons mentioned on this website may only offer services and transact business and/or respond to inquiries in states or jurisdictions in which they have been properly registered or are exempt from registration. Not all products and services referenced on this site are available in every state, jurisdiction or from every person listed. https://brokercheck.finra.org/ www.finra.org www.sipc.org
If you buy 10 stocks at $50.00 per share, you have $500 total invested. 10 x $50 = $500
If the stocks collectively yield 3.2% annually, you will earn $16 for the year. $500 x 0.032 = $16
Therefore, your quarerly payouts will be $4. $16 / 4 = $4
All employees must be included if they satisfy three requirements:
- Attained age 21;
- Worked for your business in at least 3 of the last 5 years;
- Received at least $600 in compensation (in 2016-2018) from your business for the year.
Per the IRS, your plan may use less restrictive requirements, for example age 18 or three months of service, to determine which employees are eligible.
However, there are two exceptions.
You may choose to exclude employees who are:
- Covered by a union agreement if retirement benefits were bargained for in good faith by you and the employees’ union; or
- Nonresident aliens who have no U.S. source compensation.
No, your personal contribution to your 401(k) and your employer’s contribution are considered separately and have different contribution limits. For 2018, you will be able to contribute up to $18,500 to your 401(k) plan regardless of how much your employer contributes to your account. If you are age 50 and over, there is a catch-up provision that allows you to contribute an extra $6,000, which permits you to contribute up to a maximum of $24,500. The IRS included the catch-up provision to allow individuals closer to retirement to save more. If you are interested in more information, the IRS website is a great resource.
There are no tax implications for moving a 401(k) from a former employer into a traditional IRA. If you want to rollover your 401(k) at your current employer, most companies will let you do it but you need to double check that it is allowed by the plan.
Once the money is in your traditional IRA and you withdraw some of those funds, you will be taxed at your ordinary income rate. If you are below the age of 59 ½, you will also incur a 10% penalty on the amount you withdraw. However, there are exceptions to the 10% to penalty. If you’re curious to see if you qualify for one of the exceptions, here is a link to the IRS website to see a complete list.
Increasing your contribution to your 401(k) will not be taxable. However, it is important to make sure that you do not contribute more than $18,500 to your account for 2018, which is the maximum allowable amount. The amount your employer contributes on your behalf does not affect the $18,500 limit.