The most frequently asked questions from our Mountain View Financial clients.
Q : HOW ARE YOU PAID FOR YOUR SERVICES?
A : We believe that cost should not be a deterrent from seeking financial advice. We pride ourselves on being family-oriented, and understand that the need for advice doesn’t always jive with the size of your salary. What does that mean? We are a hybrid fee and commission business. We make an effort to accommodate those just starting to save, plan and invest all the way to those with retirement in full swing or on the horizon. Asset management for less than $25,000 is commission based, over $25,000 is fee based. Financial Planning is either a flat fee or wrapped into fee-based asset management. Please contact us for further explanation.
Q : WHAT DOES FINANCIAL PLANNING ENTAIL?
A : Financial planning is a multi-step process. We begin with a discovery meeting to outline the scope of the engagement. Refer to financial planning on our website for more details.
Q : HOW MUCH LIFE INSURANCE DO I NEED?
A : It depends on your situation and what your goals. We’d be happy to help you explore your options and see what may appropriately fit your needs. Please contact us for an analysis.
Q : SHOULD I INVEST IN A ROTH IRA?
A : Roth IRAs are fantastic tools for retirement savings. However, you should consider the following:The Roth IRA offers tax deferral on any earnings in the account. Withdrawals from the account may be tax free, as long as they are considered qualified. Limitations and restrictions may apply. Withdrawals prior to age 59 1/2 may result in a 10% IRS penalty tax. Future tax laws can change at any time and may impact the benefits of Roth IRAs. The tax treatment of Roth IRAs may change.
Q : HOW MUCH SAVINGS SHOULD I HAVE?
A : The general recommendation is between 3 and 6 months of living expenses.
Q : HOW DO I SAVE FOR MY CHILD'S COLLEGE EDUCATION?
A : 529s, UTMAs and Coverdells are all useful tools. Contact us to determine the benefits and what best fits your objective.
A : Celebrate! Just kidding. Take cautious steps to improve your financial situation and make the most of your windfall.
Q : WHAT DO I DO WITH AN INHERITANCE?
A : Of course! We are retirement planners. We can help you understand the type of plan you are being offered, as well as offer advice on the investments within the plan.
Q : CAN YOU HELP ME WITH UNDERSTANDING MY EMPLOYER SPONSORED RETIREMENT PLAN?
Q : I LEFT MY JOB, WHAT DO I DO WITH MY OLD 401(K)?
A : A plan participant leaving an employer typically has four options (and may engage in a combination of these options),each choice offering advantages and disadvantages.
• Leave the money in his/her former employer’s plan, if permitted;
• Roll over the assets to his/her new employer’s plan, if one is available and rollovers are permitted;
• Roll over to an IRA; or
• Cash out the account value
We are happy to help you navigate these changes.
Disclosures: Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor, Member FINRA www.finra.org / SIPC www.sipc.org / Broker Check https://brokercheck.finra.orgThe LPL Financial Registered Representatives associated with this site may only discuss and/or transact business with residents of the following states: AK, AL, AZ, CA, CO, CT, FL, HI, IA, ID, KS, MN, MS, MT, NC, NM, NV, NY, OH, OR, SC, TX, VA, WA, WI