Expertise Over 36 years experience - discretionary investment management, advisory service, stocks, bonds, mutual funds, annuities, IRA, Roth, 403(b), 401k, tax planning, tax preparation, retirement planning, tax reduction, life insurances. I hold five professional designations: QFP, CFP, RFC, ChFEBC, and Paladin Registered Advisor with a professional rating of five stars.
Experience First deaf Certified Financial Planner licensee (http://www.cfpboard.org/), General Securities Registered Representative (Series 7), Registered Financial Consultant (http://www.iarfc.org/), Registered Investment Advisor, Qualified Financial Planner (http://www.iaqfp.org/), Admitted to Paladin Registry of Personal Financial Advisors (http://www.paladinregistry.com/); Chartered Federal Employee Benefits Consultant (http://www.chfebc.com/); Licensed Life, Health, & Disability Agent
Organizations Financial Planning Association, International Association of Registered Financial Consultants, National Association of Deaf, Alexander G. Bell Association of the Deaf, National Deaf Business Institute
Education/Credentials Gallaudet University, College for Financial Planning
Awards and Honors Who's Who in Finance and Industry, Who's Who in the World, NAD Flying Fingers Award, MDAD Distinguished Award, MCAD Business of Year, Montgomery (MD) County Business Award, 2007 Outstanding Business Person of the Year, Gallaudet University Department of Business
Q: I transferred $4000.00 from a tradtional IRA to a Roth earlier in 2008. Now that the market has ... A: I am not a CPA, so you may want to run this question past one. However, I believe when you ...
Q: My wife is 60 yrs old, and retiring next month. She will be receiving approximately $170,000 from ... A: Jeff Thanks for the clarification. It is good idea to pay off the credit card balances. However, ...
Q: in light of bank failures, etc. are annuity payments guarantied against failures. A: Alan Your state might have a guaranty fund for that. NJ does. I am pretty certain nobody ever got ...
Q: My wife is 60 yrs old, and retiring next month. She will be receiving approximately $170,000 from ... A: If I do not answer your question correctly, please resend. If I understand your question, I do not ...
Q: My husband & I are both 30, have three kids and work full time. We live in Michigan and are ... A: the "lesser evil" really depends on alot of specifics in regards to your finances and future goals ...
Q: My husband & I are both 30, have three kids and work full time. We live in Michigan and are ... A: Do you have the ability to borrow from your 401k vs taking the money out? If you can borrow then you ...
Q: I am 58 and have a small 401K retirement account that had a balance of $46,000 a week ago and has ... A: Brenda I understand your concern. Yes, the market may continue to spiral down a bit more- however, ...
Q: I am 70 and need a little more safety due to the market as I draw income from my investments. In my ... A: Ms. Fitzgerald I agree with you about your not liking this kind of life income guaranteed annuity. ...
Q: I am a 53 yr old female who is in process of selling my house to my son end of month. I will have ... A: Jane Too complicated to simply toss out an answer. There are so many other variables in your life I ...
Q: 86 hr we have 12,000 save cash in the bank what is the best thing to do to save and make some money ... A: There is no one "best" way to invest that applies to everyone. The "best" way to invest depends on a ...
Q: Louis what are Equity Protected Funds and what financial areas due they invest in? ANSWER: HI, ... A: There is no such annuity fund. An annuity (especially variable annuity) is a plan with variety of ...
Q: On self directed IRA's I was told the only investments allowed is MARGIN trades. What exactly is ... A: Jerry First let me share the facts about IRA - Margin Trading: Conventional wisdom has convinced ...
Q: What is the appropriate vehicle for five children to protect their mothers' assets while also ... A: Kristen B First of all, any retirement account cannot be a part of trust until the owner's death. ...
Q: What is the appropriate vehicle for five children to protect their mothers' assets while also ... A: Kristen You likely won't incur mom's bils but of course mom's assets might disappear in the mess ...
Q: Louis what are Equity Protected Funds and what financial areas due they invest in? A: Daniel The basic principle of most equity protected investments is that the bulk of investors' ...
Q: I am a 50 years old man and am having a very difficult time planning for long term care as part of ... A: Vic Before we go on, there is no perfect answer - you never know what will happen tomorrow. So it ...
Q: I am 68 and receive Social security and distributions from an IRA. I have a small amount of income ... A: If you have not received any distribution from a Roth IRA, you may contribute to Roth IRA up to your ...
Q: WE cashed out our 401k and now feel we may have made a mistake. Can we return the money without ... A: If you took the $$ out as a distribution and not a loan, then yes, it is too late. To confirm there ...
Q: I have 2 grandchildren, 5 & 1 1/2. Their father was killed in an accident. What is best to invest ... A: The best vehicle to invest in depends on factors such as the ability for you to control the money, ...
Q: Louis, When buying shares of mutual funds through a financial advisor with a front end load fee ... A: Greg again Yes, you will incur a charge everytime you invest. When you reach a specified level, ...
Q: Louis, When buying shares of mutual funds through a financial advisor with a front end load fee ... A: Greg Glad that you become concerned about these breakpoints. Here are some links which will give ...
Q: I understand if I have more than one IRA I can pool the RMDs from all the accounts and only take an ... A: Dorothy again. If you paid NJ taxes on your investments before you put the net proceeds into the ...
Q: I understand if I have more than one IRA I can pool the RMDs from all the accounts and only take an ... A: Dorothy again Whenever you contributed to IRA, there were no NJ state tax deducton. Only what you ...
Q: I plan on starting an acupuncture practice & would also love to learn more about investing & ... A: Mike Your desire to help is admirable. I wouldn't do this part-time based on clients needing full ...
Q: I am 71 and only source of income is social security and a small pension (under $800.00. Other than ... A: Mr. Reaser Whenever you sell the mutual fund and if there is a profitable captial gains, you will ...
Q: Our two sons have been awarded a settlement in a lawsuit and one of our sons is 19 years old and we ... A: Jim Anything can be arranged to satisfy your wishes with your sons, and if properly documented and ...
Q: I understand if I have more than one IRA I can pool the RMDs from all the accounts and only take an ... A: Dorothy You can take the total RMD from one IRA account instead of several RMD amounts from all ...
Q: I have a well established professional practice and, although at retirement age, I wish to continue ... A: Jason There is no such ultimate safe one! Every bank account and every investment account have ...
Q: Is a cash mgmt fund a mutual fund... and is money market funds safer? (no FDIC I know) Both $1 per ... A: Mitch Any money market fund, especially in a cash management fund with any broker/dealer is usually ...
Q: Current year contributions to iras and 401ks get added back as reportable income on the FASFA form. ... A: Steve Easy question for me to answer - smile... Yes all contributions to all qualified retirement ...
Q: Schwarz, I currently have a portfolio of American Funds, New World Fund, AMCAP, Small cap world and ... A: Ms. Victoria Since you are 52 years old and I expect you to work till age of 62 or 67 or whatever, ...
Q: My parents have about $20,000 in E bonds that are not paying interest any longer. They are 79 and ... A: Mr. Mueller There is no such way to avoid the taxes, however, here are some ideas: The increase in ...
Q: I'm a recent college graduate with about $35K in debt (12K in student loans @ just above 6%, 20K on ... A: As much as I would like to offer assistance in this area, the questions being posed are too detailed ...
Q: We are sinking in debt. I am going back to school - but cannot get student loan relief due to part ... A: Its hard to say whether or not this is a good idea since everyones situation is different. ...
Q: I'm new to student loans. I didn't have any for my undergraduate studies, but may require one for ... A: Paul You have to fill out the FAFSA before you can shop around for student loans. When you submit ...
Q: I have been told that I can use my IRA to buy rental property. Is this possible and how? A: You can use the money in your IRA to buy real estate -- from raw land to single-family homes to ...
Q: Is is allowable to reinvest a portion of my IRA money into real estate, a condo, for example. Would ... A: Investing your IRA in personal real estate is allowable, however there are very specific ...
Q: I am concerned about the custodial relationship of the companies holding my IRA and 401K stocks. In ... A: Derek Joyce The cash and securities – such as stocks and bonds – in any brokerage account - held by ...
Q: I am 58 and have several IRAs' that amount to $60,ooo and I have credit card debt that is not ... A: This is a hard question to answer in a forum such as this. From a financial stanpoint, if you earn ...
Q: My company has terminated its pension plan. The value of my account is currently $30k. I am ... A: To clarify, the final amount of taxes you will have to pay will be dependent on your tax bracket ...
