Tag: business

Our NJ REALTOR®

Good news everyone! I am now a licensed realtor in the State of N.J. working with Keller Williams Village Square Realty at 74 Godwin Ave, Ridgewood, NJ 07450.

To some, it may seem like poor timing to start a career in real estate or even buy a home as inventory is low, the Federal Reserve has slowed interest rate increases, and the looming probability of recession. We choose to approach life with a mind of abundance and use the tools we have available to us to make informed decisions.

In personal training, coaching child and youth athletes, business consulting, financial advice and portfolio management, I have found fulfillment in being a part of others reaching their dreams and goals.

It is serendipitous to have met the right people during a period of transition in my life and to have the time to invest into this endeavor. We see this as an opportunity to expand the Coroebus brand, leverage nearly ten years of experience managing a fixed income portfolio as well as our focus on behavioral finance/decision science to gain greater insight into another area of the market.

Achieving home ownership is central to the American dream and a key milestone on the road to wealth accumulation. If you or someone you know is selling or searching for a home or rental please follow the link and enter your information so that we may discuss your goals!

A Note on Perseverance

The Miriam Webster dictionary defines perseverance as “continued effort to do or achieve something despite difficulties, failure, or opposition : the action or condition or an instance of persevering : steadfastness

Borrowed from Latin perseverant-, perseverans : persisting in a course of action, steadfast,”

I recall a message that resonated with me when I first read The Art of Contrary Thinking; author Humphrey B. Neill speaks to the resolve that will be necessary when one holds a contrary opinion as years may pass by and you will repeatedly hear others tell you every reason why your opinion is wrong or ridiculous.

I can only say now that I immediately assumed due to their unlikelihood, others would perceive my goals impossible. We have high ambition and though our goals may seem unlikely, predicting the future with any specificity is typically just about as good as flipping a coin… typically.

6 Reasons to Rollover Your 401(k) to an IRA

  1. If you’re not an active employee many 401(k) plans charge higher fees which can eventually $0.00 the account
  2. Rolling over your balance to your new employers 401(k) plan limits your investment options
  3. Cashing out may cost you a 10% early withdrawal penalty, be subject to taxes and your previous employer will withhold 20%
  4. Many 401(k) plans prohibit loans if the account holder is no longer an employee
  5. You can contribute to a traditional or Roth Individual Retirement Plan (IRA) even if you participate in your employers or business retirement plan*
  6. Contributions may be made to established individual retirement accounts until the IRS tax filing deadline while contributions to an orphaned 401(k) are prohibited
ProductMaximum Annual Contribution Limit
Traditional IRA & Roth IRA$6,500, plus $1,000 catch-up if 50 or older (Limit is for the total contributions to all traditional or Roth IRAs)
Traditional 401(k) & 403(b)$22,500, plus $7,500 catch-up if 50 or older
Roth 401(k) & 403(b)$22,500, plus $7,500 catch-up if 50 or older
457$22,500, plus $7,500 catch-up if 50 or older; potential for additional catch-up when approaching retirement
Thrift Savings Plan$22,500, plus $7,500 catch-up if 50 or older
SEP IRA25% of your self-employment net earnings, up to a cap of $61,000
SIMPLE IRA$15,500, plus $3,500 catch-up if 50 or older
Source: FINRA.org

*traditional IRA contributions may not be fully deductible and Roth IRA contributions may be limited by your modified adjusted gross income