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See you on the other side!!

La Jolla, CA – Charles L. Stanley CFP® ChFC AIF® with Oncubic, LLC is offering free portfolio reviews to investors who have recently been laid off and need to roll-over assets from their old employer’s retirement plan to their own IRA Rollover to help them know where to allocate their portfolios in 2009.

After one of the three worst bear markets in modern times, investors are very concerned about their investments. Since the final bear market of the Great Depression that ended in April 1938, there have only been three other bear markets where the S&P 500 Index declined more than 30%: The Oil Embargo Crash of 1973-1974, The Dot-Com Bust of 2000 – 2002, and our current market. This environment has people wondering and that’s why I’d like to help them increase their potential for success when this market turns around, which I believe it will.

I will evaluate investors’ portfolios and give suggestions based on the individual’s situation. I will help investors diversify their portfolios and position them in the strongest asset classes that historically recover the best following a major downturn of 30% or more. This service is provided with no obligation to investors.

Some say the markets have followed their historical election pattern. The difference this time is the breadth and magnitude of the decline. This year’s decline was the worst to ever precede an election. In my opinion the election had little if anything to do with this downturn. There is no one who knows with any certainty if we will have a strong year in the markets in 2009 or if the recovery will come later. We do know what asset classes have had a significantly increased premium following this kind of major downturn. That’s why I’d like to help investors position themselves in those areas that have traditionally performed best when the market turns positive.

Investors can contact Charles Stanley by phone at 888-619-5666 x506 or email at Charles@oncubic.com to discuss their individual situation and receive a review at no cost. The minimum portfolio value must be $100,000. I plan to make this unusual offer of a free review for recently laid off workers through the first half of 2009.

20130924 Reunion Newsletter

You’re probably shocked, scared and even angry. But try to stay cool (at least on the outside); it could help you negotiate a bigger severance package.

Sure, you read the papers, so you know the ax is falling left and right these days: Home Depot – 7,000 jobs; Caterpillar – 20,000 jobs; Microsoft – 5,000 jobs; Pfizer – 8,190 jobs. Still, you didn’t expect it to happen to you. But, if you’ve just left your boss’s office with the dire news, what do you do?

After a layoff, get a better severance deal – Jan. 27, 2009 – Ask Annie. – CNN Money

I am going to give you some advice that could mean the difference between an “enjoyable” retirement one day and a “just get by” retirement. In this post, I will share with you principles that will really make a difference and keep you out of the kind of trouble even “sophisticated” investors find themselves in. If you heed this advice, you will never have to worry about getting fleeced by some crook like Bernie Madoff, the broker who ran a ponzi scheme that allegedly stole around $50 Billion from both institutions and individuals.

So, here goes: (more…)

IRA Rollovers
Frequently Asked Questions

What is an IRA Rollover?
An IRA Rollover is a tax-free transfer of funds from a tax-deferred plan, such as a 401(k) plan, Thrift Savings Plan, Defined Benefit Plan, 403(b) Plan, etc., to a traditional IRA. An IRA Rollover can be done when an employee changes jobs, is laid off or retires and is entitled to a distribution from the old employer’s 401(k) plan or other Qualified Retirement Plan. By doing an IRA Rollover, the funds can be transferred tax-free to the employee’s own IRA. This means the funds can continue to grow on a tax-deferred basis inside the IRA. It also means that the funds are under the complete control of the employee with respect to investment decisions and future distributions.

The term “IRA Rollover” can also be applied to a transfer of funds from one IRA to another IRA. This too can be done on tax-free basis under a different set of rules that apply to IRA-to-IRA rollovers. Those rules are covered separately. (more…)

The San Diego Union Tribune reported on September 20 that SAIC would be laying off 89 workers on November 1, 2008. If you are among those 89 workers, you have several forward-looking decisions to make, one of which is what to do with your retirement money you accumulated while at SAIC.

In a down economy and with San Diego County’s unemployment rate having gone from 4.8% to 6.5% in the past  year, you might be tempted to do a bad thing – simply cash out your 401(k) plan and bite the bullet on the taxes. Bad idea. First, you probably don’t realize the magnitude of those taxes. You will need to take your income tax bracket for your income this year and apply it to every dollar coming out of your 401(k). Lets say you are in the 28% bracket. Then you will pay a Federal penalty for early withdrawal (this assumes you are younger than 59 1/2) of 10% – now you are at 38% of the funds going to taxes. But wait, you aren’t done yet. There is also a California income tax to consider of at least 6%, taking you to 44%. And then there is the California Penalty for early withdrawal of 2.5%. Now you are at a whopping 46.5% of the funds you take from your retirement plan going to State and Federal taxes.

So, I think you can see that taking these funds without trying every other option available to you just isn’t a good idea. It will take you years to make up for the loss – and the truth is that you will never make up for it since you will have lost the time value of those dollars that are no longer invested on your behalf. For the sake of your long term financial well-being, make it your place of LAST RESORT to go for money to make it on to the next profitable job. Afterall, it may be just around the corner. You just don’t know right now.

It would be much more prudent to do a Direct Rollover of your retirement funds to a Traditional IRA and aviod any income tax consequences. Once this is done, you have complete control of your retirement dollars. If you do eventually find that you have to take some of those funds early and pay the penalties, you can only take what you absolutely have to take. You won’t be restricted by the withdrawal rules of the employer’s plan.

If you don’t know how to get that done efficiently and with little cost, you can contact me at Charles@Oncubic.com.

Charles L. Stanley CFP® ChFC AIF®
Oncubic LLC
3655 Nobel Drive Ste 340
La Jolla CA 92122
Telephone: 888-619-5666 x506
Email: Charles@oncubic.com