Gavin L. DiStasi's blog

Know What You Don't Know

One of the earliest, and most important lessons I learned when I became a Financial Advisor was that it’s ok to tell a client you don’t know something. Of course, you need to make it clear that you will find out, and it’s all important to actually get the right answer, but too often in our industry, the impulse is to confidently rattle off what amounts to your best guess, and hope you got it right. It sounds like a simple thing, but it is actually quite counter-intuitive, particularly for an advisor who is relatively new to the business.

3 Steps to Avoid Investing Mistakes

It seems everywhere you look these days in the financial media, the drumbeat for an impending market correction, or even recession, grows louder. It’s natural, I suppose, considering that the current bull market for equities is entering its 8th year, making it one of the longest in history. The truth is that some kind of correction is coming, and a recession too, for that matter. The problem is that no one really knows when, or how deep, and it’s usually triggered by something no one saw coming.

Join Topel & DiStasi Wealth Management for Bike MS: Waves to Wine 2017

 

For the fourth year in a row, Topel & DiStasi Wealth Management will be sponsoring a cycling team for Bike MS: Waves to Wine, held on Saturday and Sunday, September 23rd & 24th, 2017.

Unintended Consequences: IRA Rollovers and the DOL Fiduciary Rule

There has been a great deal of media coverage and talk in the industry of late about the Department of Labor’s Fiduciary Rule, due largely to the fact that the rule went into effect on June 9th, despite the Trump administration’s mandate that the rule be reviewed for possible alteration or roll back. Last week also saw legislation introduced by Rep. Ann Wagner R-MO, which would completely repeal the rule, and replace it with a “Best Interest Standard” instead.

Choosing Between a Traditional or Roth 401(K)

With the rise in the 401(k) plan as the primary retirement savings vehicle for American workers, has come a significant increase in the number of plans offering a Roth 401(k) feature. This is generally a good thing, as it offers workers more options for tax treatment of their deferrals both at the time they are made, and when they are eventually withdrawn in retirement.

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