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Started By
Message
Let’s talk! BR area financial advisor-
Posted on 8/13/18 at 8:09 pm
Posted on 8/13/18 at 8:09 pm
I don’t need a stock broker, I need someone to speak with face to face regarding a 7 figure inherited IRA account. Seeking referrals thanks.
Relatively new to the BR area -
Relatively new to the BR area -
Posted on 8/13/18 at 8:12 pm to AncientTiger
I'll invest it for you. I'm Jewish, so I'm qualified.
ETA: if you're interested in investing that IRA in real estate to slum lord, I'd be willing to serve as a property manager...for a percentage
ETA: if you're interested in investing that IRA in real estate to slum lord, I'd be willing to serve as a property manager...for a percentage
This post was edited on 8/13/18 at 8:29 pm
Posted on 8/13/18 at 8:20 pm to AncientTiger
Honestly, there are some of the best minds right here on this board and we are free.
You can do this yourself here if you let us know more information such as:
Your age, married/kids? If kids, their rough ages and are they already funded for college if you plan to pay? 529’s? HSA’s? How’s your retirement funding situation? Roth/traditionals and are they funded? Do you need this money in the near term? Risk tolerance? How’s your life insurance situation?.......... if you are willing to share some information I’m sure we can either point you in the right direction or help you do this yourself.
ETA: sorry for your recent loss
You can do this yourself here if you let us know more information such as:
Your age, married/kids? If kids, their rough ages and are they already funded for college if you plan to pay? 529’s? HSA’s? How’s your retirement funding situation? Roth/traditionals and are they funded? Do you need this money in the near term? Risk tolerance? How’s your life insurance situation?.......... if you are willing to share some information I’m sure we can either point you in the right direction or help you do this yourself.
ETA: sorry for your recent loss
This post was edited on 8/13/18 at 8:22 pm
Posted on 8/13/18 at 8:30 pm to AncientTiger
Jeremy Robicheaux
Eagle Strategies
LINK
He handles my family accounts and a ton of my business contacts back home.
Eagle Strategies
LINK
He handles my family accounts and a ton of my business contacts back home.
Posted on 8/13/18 at 8:37 pm to Mr.Perfect
quote:
Your age, married/kids? If kids, their rough ages and are they already funded for college if you plan to pay? 529’s? HSA’s? How’s your retirement funding situation? Roth/traditionals and are they funded? Do you need this money in the near term? Risk tolerance? How’s your life insurance situation?.......... if you are willing to share some information I’m sure we can either point you in the right direction or help you do this yourself.
Thanks - my situation is very clean and boring.
My understanding of a inherited IRA is variable withdrawal scenarios w/o a 10% early withdrawal penalty. Essentially I’m late middle age without debt and no cash needs. Kids are adults, educated and I already funded their college. Plenty of life insurance in place. So, my question is essentially is tax me now or tax me later? I guess....willing to listen to advice.
Posted on 8/13/18 at 8:47 pm to BamaCoaster
Hi Jeremy!!!! you look like you are 19!
Posted on 8/13/18 at 8:50 pm to AncientTiger
You will be required to take a certain amount out every year based on age and previous 12/31 balance. This will be income taxable but no early withdrawal penalty.
ETA: what exact kind of info are you looking for?
ETA: what exact kind of info are you looking for?
This post was edited on 8/13/18 at 8:51 pm
Posted on 8/13/18 at 10:02 pm to Janky
Altus Wealth Management is the go to for high net worth clients in BR
Posted on 8/13/18 at 11:45 pm to AncientTiger
I can speak face to face with you. Please wire me 250k.
Posted on 8/14/18 at 2:48 am to PetroBabich
I have a family member who has a sizeable practice in BR but I'm not comfortable posting his name here.
Posted on 8/14/18 at 7:54 am to AncientTiger
Jamie Thom
Financial Advisor in BR
Eagle strategies/ New York life
Financial Advisor in BR
Eagle strategies/ New York life
Posted on 8/14/18 at 4:54 pm to AncientTiger
Full disclosure, I'm in the industry.
Here are a few suggestions:
1) Look for a team of advisors. Why? What happens if "your guy" gets hit by the bus? Also 2+ heads are always better than one.
2) Look for experience and multiple designations in areas of planning, wealth management, trusts and estates, etc. CFP likely being the most important for what you are looking for.
3)Look for a fee only advisor. It puts the client and advisor on the same side of the table. They aren't trying to sell you something or generate trades in your accounts. The only way they grow, is by growing your assets.
Best of luck!
Here are a few suggestions:
1) Look for a team of advisors. Why? What happens if "your guy" gets hit by the bus? Also 2+ heads are always better than one.
2) Look for experience and multiple designations in areas of planning, wealth management, trusts and estates, etc. CFP likely being the most important for what you are looking for.
3)Look for a fee only advisor. It puts the client and advisor on the same side of the table. They aren't trying to sell you something or generate trades in your accounts. The only way they grow, is by growing your assets.
Best of luck!
This post was edited on 8/15/18 at 8:40 am
Posted on 8/14/18 at 8:31 pm to juice4lsu
quote:
3)Look for a fee only advisor. It puts the client and advisor on the same side of the table. They aren't trying to sell you something or generate trades in your accounts. The only way they grow, is by growing your assets.
100% the only option which interest me. Otherwise I’ll just manage it through TD Ameritrade myself. Thanks
Posted on 8/14/18 at 8:37 pm to AncientTiger
You are required to take distributions every year based on the 12/31 value of the account and your age in the current year (using the single life expectancy table). You can take more without a penalty, but you have to take the minimum each year.
Interview at least 3 different advisors based on recommendations. They should first determine your risk tolerance (whether you are aggressive, conservative, or in between) and ask you about your goals for the money. If they pitch investments before asking you a bunch of questions first, move along. If they talk more about themselves than about you and what you want to accomplish, move along.
Interview at least 3 different advisors based on recommendations. They should first determine your risk tolerance (whether you are aggressive, conservative, or in between) and ask you about your goals for the money. If they pitch investments before asking you a bunch of questions first, move along. If they talk more about themselves than about you and what you want to accomplish, move along.
Posted on 8/15/18 at 2:31 am to bstew3006
quote:
Jamie Thom Financial Advisor in BR Eagle strategies/ New York life
He's a New York life insurance agent, heavy on indexed annuities, run away fast.
Posted on 8/15/18 at 7:28 am to EA6B
quote:
He's a New York life insurance agent, heavy on indexed annuities, run away fast.
New York life doesn't offer indexed annuities lol
He is an agent at Nyl, but also an advisor in eagle strategies which is Fee based management.
Posted on 8/15/18 at 7:55 am to EA6B
quote:
He's a New York life insurance agent, heavy on indexed annuities,
Umm...
Posted on 8/15/18 at 7:58 am to AncientTiger
Worth exploring Vanguard Personal Advisor services with that kind of money. If you don't need/want face to face interactions, they're tough to beat.
This post was edited on 8/15/18 at 9:04 am
Posted on 8/15/18 at 8:49 am to AncientTiger
<-------- @gmail if you have more questions.
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