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Andrew ComstockCFA

I offer comprehensive, fee-only financial advice and investment management to individuals and business owners.

Leawood, KS
President, Castlebar Asset Management
Fee Structures: Asset-based, Fee-only
Typical minimum client assets: No preference

This describes how advisors are compensated for their work. Learn more in our Guide to Advisor Compensation
Advisors offer free consultations to determine if you're a good fit for one another. Providing more information in the consultation request will help advisors have a better sense of what you're looking for. The advisor will contact you via email and set up a time to meet. Depending on the advisor, and your preferences, this could be an in-person or online meeting. You are under no obligation to engage them after meeting with them.
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  • 5 out of 5 people found this answer helpful

    My family is moving back to the U.S. after two decades living abroad. Good news: Debt free and about a year's salary saved. Bad news: No U.S. credit history. How will this affect getting car and home loans?

    Mortgages, Personal Finance

    Welcome back to the US. I lived abroad for almost 5 years and moved back to the US and faced some of

    more »

    Welcome back to the US.

    I lived abroad for almost 5 years and moved back to the US and faced some of the same challenges. You should be able to establish credit relatively quickly given some of the information you have presented. Having assets will make you an attractive candidate to lend to for a bank.

    The bank you open your checking and savings account will be a great place to start building your credit. They will be able to issue you a credit card and line of credit for an auto loan if you have enough assets with them. Your home loan may take sometime to move forward on. Once you are able to demonstrate to the bank or lender you have a working history in the US (sometimes 2 years) they should feel comfortable to move forward on a mortgage and you'll have a credit score established at that point as well. It could happen quicker but you'll have to work with your banker to see what their underwriters are looking for.

    Also don't forget about your pension accounts you have accumulated overseas. If you have contributed to them you can sometimes receive them as a lump sum payout. There are tax issues surrounding this so I would recommend talking to a CPA before moving forward.

    Good luck with your transition.

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  • 4 out of 4 people found this answer helpful

    I'm looking at rolling over a 401(k), but I'm worried about the tax bill. Ideally, I'd like to move it into an IRA. Can I do that?

    Tax Deductions and Credits, Taxes, Investing, 401(k), Traditional IRA

    A direct rollover from a 401(k) will not trigger a tax event. If you roll the Roth portion into a Roth

    more »

    A direct rollover from a 401(k) will not trigger a tax event. If you roll the Roth portion into a Roth IRA, the regular 401(k) and employer contribution into a traditional IRA you should not have any issues. The plan sponsor or an investment advisor can walk you through how to make sure this is not a taxable event for you.

    Hope this helps!

    Was this a helpful answer?

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    • 116 views
  • 2 out of 2 people found this answer helpful

    I'm 22 and employed, and may go to grad school. Should I contribute to a Roth or traditional retirement plan?

    Retirement Savings, Taxes, Investing, Retirement, Traditional IRA, Roth IRA

    I think it is terrific that you are taking a proactive approach to retirement at 22. I would concur with

    more »

    I think it is terrific that you are taking a proactive approach to retirement at 22. I would concur with the others who have responded to your question that you should contribute to a ROTH IRA. The only caveat is if you are thinking about contributing to a retirement plan at work like a 401(k). If your company's match is generous and the vesting schedule is short given you are considering going to grad school it may be the better way to go.

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    • 336 views
  • 2 out of 2 people found this answer helpful

    I'm self employed, investing currently through a managed IRA at an online brokerage. What fees I need to be aware of beyond the management fee?

    Investing, Traditional IRA, Roth IRA

    The fees you need to look at are: Transaction Fees: These occur when make a transaction in a stock. Many

    more »

    The fees you need to look at are:

    • Transaction Fees: These occur when make a transaction in a stock. Many mutual funds do not have transaction fees. Some ETFs also are now commission free.
    • Administrative Fees: Some online firms still charge a quarterly or annual admin fee. If your account is below a certain dollar amount you may see these and they would show up on your statement.
    • Mutual Fund Management Fees: You won't see these deducted from your account but can go to Morningstar.com and check to see what these funds costs.
    Hope this helps.

    Was this a helpful answer?

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  • 2 out of 2 people found this answer helpful

    What are some safe investments to make with $100K in cash that I owe taxes on?

    Taxes, Investing

    Your options are going to be very limited. You can also add 2 or 3 month T-Bills to the list that Curt

    more »

    Your options are going to be very limited. You can also add 2 or 3 month T-Bills to the list that Curt provided you.

    Since principal protection is critical think return of your money over return on your money.


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    • 482 views
  • 2 out of 2 people found this answer helpful

    I usually hear that I should max out my 401k before making any other investments, in something like a Vanguard ETF. Do I really have to contribute the 17k 401k max first?

    Investing, 401(k)

    You have many options to look at given the information you have provided. You do not have contribute

    more »

    You have many options to look at given the information you have provided. You do not have contribute the max to your 401(k) of $17,500 before you look at other accounts.

    I would recommend you take a macro look at your investment and retirement accounts. If you have 75% or more of your investments in tax deferred retirement account than looking at a taxable account may be something to consider. Having diversification in your portfolio is important in both your investments and what type of accounts you have.

    You mentioned a Vanguard ETF. You may want to compare the costs of your 401(k) funds to Vanguard's ETFs. If there is a big difference it may be smart to open a Roth (if you are eligible) in addition to your 401(k) contribution. The Roth has many advantages but you do lose the current tax deduction now so keep that in mind.

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  • 2 out of 2 people found this answer helpful

    We have a large salary and savings "well diversified" across industries, sectors, countries, styles, etc. But Does anyone advise investment diversification BEYOND "the market?" We max-out 401k, IRA contributions and HSA limits. We load the 529 monthly and have all adequate insurance cvg. Lots of equity in our modest home.

    Tax Deductions and Credits, Healthcare, Taxes, Investing, HSA/FSA

    It sounds like you are doing a lot of things correctly. High net worth families do hold assets outside

    more »

    It sounds like you are doing a lot of things correctly. High net worth families do hold assets outside of your traditional investments like rental properties, real estate partnerships and businesses. There are advantages and disadvantages to moving outside of a traditional framework.

    Your best course of action is to probably sit down with a financial planner or investment advisor who can help create a strategy to accomplish what you are trying to achieve. They can show different asset categories which you should consider. Before moving into alternative investments I would make sure that you are educated and feel comfortable in anything you invest in. I would advise my clients to be opportunistic about this type of investing and not too move quickly.

    Hope that helps.

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  • 2 out of 2 people found this answer helpful

    What should I save for first? I feel like I've got lots of goals but limited money to put away. How can I prioritize?

    Paying for college, Retirement Savings, Personal Finance, Retirement

    Congrats on making financial planning a priority. I would classify your financial goals into needs, wants

    more »

    Congrats on making financial planning a priority. I would classify your financial goals into needs, wants and wishes. The highest priority items should be your retirement and emergency fund. Goals like saving for your children's college is a slightly lower priority than your retirement savings.

    Having concurrent goals is part of financial planning and I would recommend take priority list and work from the top down. I would try to max out your Roth IRA first, slowly build up your rainy day fund, then open a 529 plan with anything left for your children. Many states allow you to make 529 contributions with as little as $25 a month to save for college.

    Hope this helps!

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    • 58 views
  • 2 out of 2 people found this answer helpful

    I'm already maxing out my 401k and Roth, but I have some money left over. Would an ETF account or a traditional IRA make most sense for me?

    Investing, Traditional IRA

    You are doing a great job of maxing out both your 401(k) and Roth IRA. I would focus your extra money

    more »

    You are doing a great job of maxing out both your 401(k) and Roth IRA. I would focus your extra money on an individual (taxable) account.

    Investing in ETFs is a smart, low cost and tax efficient way to invest for the long term. Opening an individual account will give you flexibility when you enter retirement or part time work because you can tap them for income while you let your 401(k) and Roth IRA continue to compound longer.


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  • 3 out of 5 people found this answer helpful

    I'm 42, married, $230k combined pre-tax income- We max out our 401k contributions yearly and would like to increase our investments in a tax advantaged plan by using a IRA/Roth IRA, however per IRA law we are over the modified AGI ($188k) and unable to contribute. What other plans or investments are available to help increase our retirement savings? What do you recommend?

    Retirement Savings, Retirement

    A possible solution for you is something called a back door Roth IRA. You would contribute to a Traditional

    more »

    A possible solution for you is something called a back door Roth IRA. You would contribute to a Traditional IRA and it would be a non deductible contribution. This before tax contribution would then be converted into a Roth IRA. This would give you the benefits of a Roth IRA even though you don't qualify to contribute to one directly. This works best if you don't have assets in a traditional IRA already. If you do sit down with a financial advisor or CPA to figure out if this is the correct strategy for you.

    You could also open a taxable individual or joint account as well. It will give the flexibility to withdraw money first in retirement while allowing your tax deferred investments grow longer.

    Here is a link to an article I wrote about the topic and one from the WSJ

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About

Andrew Comstock has more than 13 years experience as a portfolio manager where he provided clients expertise in investment management, financial planning and retirement planning. 

He founded Castlebar Asset Management, a fee only registered investment advisory firm, in order to provide his clients with the highest degree of service, independent financial advice and expertise. 

Mr. Comstock has demonstrated his commitment to his profession by earning the financial industry’s top credential in the Chartered Financial Analyst (CFA) accreditation. 

Andrew specializes in working with individuals and business owners in the areas of portfolio management, estate planning, and business retirement planning. 

Castlebar works with clients in the Johnson County Area which includes: Leawood, Overland Park, Lenexa, Shawnee, Olathe, Mission Hills, Prairie Village, Fairway, Westwood as well as Kansas City, Missouri. 

Details

Contact Info
View contact info »
Email
andrew@castlebaram.com
Phone
913.660.0708
Web
I am available for web conferencing
Address
11233 Nall Ave Suite 100
LeawoodKS 66211
Firm Website
Focus Areas
Personal Finance, Retirement, Investing
Client Specializations
Business Owners, Young couples, Young professionals
Education
BSBA, Finance, University of Tulsa
Registrations
Individual CRD #5523171
Regulatory Records
Please visit FINRA's website to review Andrew's records
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