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David HunterCFP®

As an independent financial advisor we have latitude as to how we charge for our services. This allows us to tailor our fees to the amount of advice you actually need.

Asheville, NC
President, Horizons Wealth Management, Inc.
Fee Structure: 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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43 people found David's answers helpful

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  • 3 people found this answer helpful

    How can I tap into my 401k early without penalty?

    Retirement Savings, Investing, Retirement, 401(k)

    You are on the right track.  You need to find a professional that can work with you to determine

    more »

    You are on the right track.  You need to find a professional that can work with you to determine what is available for you.  As you can see there are multiple options that all differ based on a multitude of variables.  If you have worked with a CPA in the past, they may be able to assist given their knowledge of your situation.  If not, try and find a CFP that you feel comfortable talking to.

    The obvious best solution would be if you are 59.5 and can take the distributions without penalty.

    Good luck with your quest.  


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  • 3 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

    You can do a rollover to a traditional IRA and rollover the Roth portion to a Roth IRA.  There are

    more »

    You can do a rollover to a traditional IRA and rollover the Roth portion to a Roth IRA.  There are no income limitiations to do so.  

    Most important is to make sure they qualify it as a direct rollover, not a distribution.

    Best wishes,

    Was this answer helpful?

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  • 2 people found this answer helpful

    I'm 40 years old, in good health, and considering a life insurance policy for the benefit of my wife and one-year old. Would you rather get a whole life insurance policy, or a term life insurance policy and "invest the difference" in the market?

    Insurance, Life Insurance

    With discipline, my strategy would be buy term and "invest the difference."  That's exactly what

    more »

    With discipline, my strategy would be buy term and "invest the difference."  That's exactly what I did when my daughter was born.  I used 20 year term with enough to cover all our debts and leave a comfortable nest egg given the loss of future earnings.

    Make sure you have a well thought out financial and investment plan to execute this.  I would recommend using a highly qualified professional.  You can find plenty on CFP, Paladin, or NAPFA.

    Best wishes,

    Was this answer helpful?

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  • 2 people found this answer helpful

    Years ago, my father put his home and a cottage in an irrevocable trust. Upon his death, the home was sold; the proceeds were divided equally among his living children; there was no taxable gain due to a stepped up cost basis. The cottage was recently sold and the money will again be divided. Is the sale of this cottage subject to capital gains? I have been told we cannot take advantage of a stepped up cost basis again. Will the gain be taxed at 15%? There is a very low cost basis in this home.

    Mortgages, Personal Finance, Taxes, Estate planning, Retirement

    Any/each asset inherited gets the step up in basis.  Then you will pay capital gains from that basis

    more »

    Any/each asset inherited gets the step up in basis.  Then you will pay capital gains from that basis to now, if there are gains.

    Best wishes,

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  • 2 people found this answer helpful

    Should I pull money from my savings to pay off some of my debt?

    Retirement Savings, Personal Finance, Debt, Retirement

    If you have more in cash or savings than you need for an emergency fund...then I would consider paying

    more »

    If you have more in cash or savings than you need for an emergency fund...then I would consider paying down debt in a strategic way.  I would not consider taking from your IRA and paying more taxes than needed. 

    You should probably use a fee-only advisor to help guide you toward the correct path.  You can find highly qualified advisors at CFP, Paladin and NAPFA.

    Best wishes,

    Was this answer helpful?

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  • 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

    First, you may want to ask your CPA what they are doing different.  Second, I believe you should

    more »

    First, you may want to ask your CPA what they are doing different.  Second, I believe you should go back to your wealth manager and ask for a plan that may include reducing your tax bill.

    I will say this.  Just because it is a bigger more complicated plan, doesn't mean it is better.  I warn my clients against letting taxes control everything else. Akin to the tail wagging the dog.  It sounds like your investment diversification is on the right track with the ETF's you mentioned.  We also use tax free income investments for a portion of our income investments.  

    If you would like to discuss in more detail you can find myself or other fee-only advisors at CFP, Paladin and NAPFA.

    Best wishes,

    Was this answer helpful?

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    • 105 views
  • 2 people found this answer helpful

    Does it make sense to buy municipal bonds in a rising interest rate environment?

    Investing

    It depends on your overall investment allocation.  You only mention a bond ladder... I wonder if

    more »

    It depends on your overall investment allocation.  You only mention a bond ladder... I wonder if that is a piece of the whole? 

    Anyway, I think you should definitely not go too long on your maturity date.  We try to keep ours at 10 years or less.  Anything past that you will have extreme results if or when rates rise.

    One last thing to remember.  3-4-5 years ago I would have sworn that rates were going up any day. And yet here we are and they went down over those years instead.  If we had made the decision to sit out, then we would have lost out on decent tax free income.

    I would recommend sitting down with a fee-only professional.  They will be able to help you coordinate the best path to take.  You can find them on CFP, Paladin or NAPFA.

    Best wishes,

    Was this answer helpful?

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  • 2 people found this answer helpful

    My uncle bought shares of stock in his company for me. When I turned 21 he transferred the stock to me. I then signed up for the dividend reinvestment program (DRIP). I'm thinking of selling off the stock (no partials, I don't want to deal with hassles of FIFO, LIFO, partial taxes, etc). When accounting for the cost basis, can I include the initial amount that was transferred to me, or is that "gift" (under $5000) taxable?

    Taxes

    Your uncle gifted you the stock, you carry over the basis that he previously had in the stock.  Add

    more »

    Your uncle gifted you the stock, you carry over the basis that he previously had in the stock.  Add to that the amount you reinvested for your total cost basis.  If you sell the entire position it doesn't matter how your come to the total basis amount, what matters is that you pay the capital gains tax on the appreciation.

    Best wishes,

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    • 27 views
  • 1 person found this answer helpful

    How should I compare different funds/stocks?

    Investing

    You may want to use Morningstar which will rate funds for your comparison without bias.  I

    more »

    You may want to use Morningstar which will rate funds for your comparison without bias.  I would recommend looking at the historical performance compared to there index.  Find the one that most closely performs with that index over a long period of time.  You may want to consider ETF's if you really are looking for index performance.  They tend to have lower expense ratio's with a noticeable tax advantage over open ended mutual funds.

    There really is no "A" answer to finding the best stock or fund.  If there was then we'd all be rich and investing would be easy.  You can try to stack the odds in your favor by working with a fee-only advisor.  Look on CFP or Paladin Registry to begin your search.  Even if you just want a consultation you might feel more confident in your decisions.

    Good luck with your quest,

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  • 1 person found this answer helpful

    Hi - What should a 33 year old with a couple million in the bank do to ensure that it goes towards a healthy financial stream for the remainder of his/her life? I'm still working, but want to understand what the strategy possibilities might be.

    Retirement Savings, Personal Finance, Retirement

    You should start assembling a team of professionals...you need a CPA, Attorney and CFP.  I would

    more »

    You should start assembling a team of professionals...you need a CPA, Attorney and CFP.  I would recommend finding a fee-only CFP that can help you coordinate this team.  You can also find high quality financial advisors by looking on the Paladin Registry.  Once you have one in place, you need to develop a comprehensive financial plan.  This will help you understand how everything fits together in your finances as you move forward with work and other plans.

    Best wishes,

    PS, you might want to work on your bank accounts.  All 2+ million cannot be FDIC insured in one bank account.  The limit is $250,000 per account owner.  You can diversify a few accounts at different banks and have the whole principal covered.  For our clients we have a new money market fund that does the diversifying for you behind the scenes, it would get the whole amount FDIC insured without you having to open multiple accounts.


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About

David has been working as a financial planner since 2001. He holds a BSBA in Finance (Financial Planning) from Western Carolina University, where he has served on the Finance Advisory Board. David attended WCU on a full athletic scholarship where he played quarterback for the Catamounts. He earned his CFP® certification in July of 2004.

David was married in July 2002, to Misty, who is an English teacher employed with Buncombe County Schools. They had their first child, Sadie, in September 2008. David is an outgoing individual and enjoys working with people. What he enjoys most about Horizons Wealth Management is the true “team” atmosphere, as well, as building lasting relationships with clients. David was raised in Brevard and currently resides in North Asheville with his family. He enjoys spending time with family and friends, reading mystery novels, and participating in sports such as golf, basketball and other physical fitness activities. David is a loyal football fan and frequently attends high school, college, and professional ballgames.


Details

Contact Info
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Email
davidhunter@horizonswealth.com
Phone
8283379395
Web
I am available for web conferencing
Address
82 Patton Avenue, Suite 202
AshevilleNC 28801
Address
220 N. Main Street, Suite 500
GreenvilleSC 29607
Firm Website
Focus Areas
Personal Finance, Retirement, Investing
Client Specializations
People near retirement
Education
BSBA, Financial Planning, Western Carolina University
Registrations
Firm CRD #127457
Regulatory Records
Please visit FINRA's website to review Horizons Wealth Management, Inc.'s records
While designations are not everything when selecting a financial advisor, they often indicate a certain level of knowledge related to a specific field and/or commitment to certain ethical and professional standards. Please see our detailed Guide to Financial Advisor Designations for more information.
Designations
CFP®

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