Is it better to leave a 401(k) account with a former employer or roll it over to an IRA?

Making News…

We  produce regular Q&A columns for Florida Today and MarketWatch, a personal finance website of the Wall Street Journal, as well as pieces for Financial Advisor magazine and Nerd Wallet among others. Here is a sampling from the last three months.

How a mutual fund sale might affect your taxes

Is a long-term-care/life-insurance combo better than a straight one?

When RMDs start for workers over age 70 ½

Why you shouldn’t rollover a late spouse’s IRA into your own

Why you might convert to a Roth IRA after retirement

‘You can’t always get what you want’ with IRA transfers

Transition to retirement is easier for some than others

In the News…

We also act as a source to many prominent media outlets, speak at and/or attend various conferences, and advocate for the development of financial planning as a profession.

small-web-RonTamayo lends his expertise: The Financial Planning Association, in conjunction with CNBC, conducted a survey of 187 financial planners nationwide with special expertise advising small business owners including our own Ron Tamayo. The survey noted that while 78% of small business owners planned to fund their retirement by selling their business, less than 30% had a written succession plan.   As Ron noted in the CNBC write up of the survey that while finding a buyer can be challenging, many business owners make it harder by waiting to develop an exit plan “Turning over your company is a hard transition that many entrepreneurs don’t want to face or think about. That’s why they never address the issue until the 11th hour.”

Developing the Next Generation:  Moisand Fitzgerald Tamayo, LLC was one of only 4 firms selected in the state to participate with Charles Schwab’s 2015 Intern program.  We hosted interns  to let them see how a financial planning firm operates. Charlie Fitzgerald, III also spoke to a dozen interns sharing the duties and responsibilities of a Financial Planner. Several of the interns were surprised at how different a truly independent fee-only financial planning firm like ours is from the vast majority of financial services firms.  Interns learned firsthand how titles like “Financial Advisor” can mean very different things from firm to firm. Working directly and only for clients, rather than as a representative of a financial services firm, dramatically changes one’s approach to the markets and addressing clients’ needs.

ScreenShot2015-05-28at22459PM_55675dd64af520Making an impression: After Dan Moisand spoke at Financial Advisor magazine’s Retirement Symposium in April, the magazine’s editor was inspired to make the topics he covered the subject of the cover story for the June issue. The discussion centered around how people undermine their retirement in ways that have nothing to do with investments, such as supporting adult children, spending too much on second homes, failing to plan for health care costs, and starting a business.

According to the editor’s letter,  “The idea for this article came from Greg Sullivan of Sullivan Bruyette Speros & Blayney in McLean, Va., and Dan Moisand of Moisand, Fitzgerald Tamayo in Melbourne, Fla. Greg and Dan participated in a panel that I moderated at our annual retirement symposium in Las Vegas in April. It was easy to tell from the audience that this subject resonated with advisors. So thank you Greg and Dan for having the guts to talk about it.”

Things We Found of Note

56 of the most powerful Reuters photographs ever taken (some photos are graphic or otherwise disturbing)

Top Ten lessons from David Letterman’s retirement

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 Contact Us


Moisand Fitzgerald Tamayo, LLC is an Orlando, FL and Melbourne, FL based fee-only financial planner serving central Florida and clients across the country. Moisand Fitzgerald Tamayo, LLC specializes in providing objective financial planning, retirement planning, and investment management to help clients build, manage, grow, and protect their assets through all phases of one’s life and the many transitions in between.

If you have any questions or would like to discuss anything further, please give us a call or send us a note.

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Important Additional Information & Disclosures


Please remember that past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Moisand Fitzgerald Tamayo, LLC-“MFT”), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. 

Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.  Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from MFT. 

Please remember that if you are a MFT client, it remains your responsibility to advise MFT, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. MFT is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. Tax advice is given only to clients and only when agreed to by MFT. A copy of the MFT’s current written disclosure Brochure discussing our advisory services and fees is available for review upon request.

Please Note: MFT does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to MFT’s web site or blog or incorporated herein, and takes no responsibility for any such content. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

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Historical performance results for investment indices, benchmarks, and/or categories have been provided for general informational/comparison purposes only, and generally do not reflect the deduction of transaction and/or custodial charges, the deduction of an investment management fee, nor the impact of taxes, the incurrence of which would have the effect of decreasing historical performance results.  It should not be assumed that your MFT account holdings correspond directly to any comparative indices or categories. Please Also Note: (1) performance results do not reflect the impact of taxes; (2) comparative benchmarks/indices may be more or less volatile than your MFT accounts; and, (3) a description of each comparative benchmark/index is available upon request.

 

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