Firm:
Harris & Harris Wealth Management Group, LLC
Job Title:
President
Biography:
“My purpose is to educate women about economic and financial empowerment.”
Zaneilia Harris is President of Harris & Harris Wealth Management Group, LLC and has over 20 years of experience in the financial industry. She is a shoe lover, appreciates quality, and recognizes the power of words and compound interest. Her previous experience includes employment with top rated financial institutions such as Merrill Lynch, Edward Jones Investments, PricewaterhouseCoopers, and The NASDAQ Stock Market.
You know those questions you don’t ask because you secretly worry you should already understand? I answer them. I empower women in every stage of their lives and careers with the guidance to craft savvy, strategic and sustainable plans for their financial futures. I believe my work as a certified financial planner is a calling, not just a career. I honestly can’t think of a more gratifying way to spend my days, unless of course, shoe shopping is involved. If you’re ready to build, let’s get started.
Zaneilia is the author of the book, "Finance ‘n Stilettos – Money Matters for the Well Heeled Woman", member of the CNBC Financial Advisor Council, a financial educator, blogger, and CERTIFIED FINANCIAL PLANNER™. She’s extremely passionate about finances and sharing her expertise with professional women so they can become financially savvy.
Finance 'n Stilettos: Money Matter for the Well Heeled Woman is written for women of all financial statuses, from the ones who've achieved professional success to those who are just starting out in their careers. Zaneilia Harris is looking to empower women and let them know there is truly a difference between having money in the bank and building wealth. Her intention is to make all the moving parts of finance easier to understand, translate industry jargon into plain language, and relate the un-sexiness of money management to the stylishness of something we all love: shoes. ORDER a copy of her book HERE!
Her blog, "Finance ‘n Stilettos", was featured in 2017 as one of the best wealth management resources and was recognized by Investment News as one of the best blogs for Women & Investing. Her expertise has been featured on CNBC, WSJ, Kiplinger, Essence Magazine, Forbes, US News & World Report, and Black Enterprise. She is currently a member of the CNBC Financial Advisor Council.
Education:
BS, Business Administration, Saint Paul’s College
Fee Structure:
https://hhwealth.com/financial-services-for-woman/#packages
CRD Number:
4188534
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RIA Spotlight: Zaneilia Harris, H&H Wealth Management
Your financial plan is based on your specific goals. For most people, it's retirement, but that's not the only goal for most people. I tell clients financial that planning is really about life planning and then connecting the money back to what's important to you in life. The first place you can start before interviewing a financial planner is identifying all your goals. Find a comprehensive financial planner that focuses on life planning. They do exist. Learn about their approach with working with clients and see if it aligns with what you are expecting. Then, schedule a meeting. The first meeting is like going on a date, this where you two are getting to know one another. It should be expected that you both will be asking a lot of questions to see if this is a good fit. Lastly, go with your gut. It's never wrong.
She has to open her own ROTH IRA. They can't be jointly owned. You can still contribute $11,000 but 1/2 in yours and the other in hers. Also keep in mind, the income requirements for contributing to a ROTH. Your adjusted gross income must be less than $186,000 to contribute up to that maximum.
After reading your question, I was stunned. I have never heard of a reason to designate your brokerage firm as the primary beneficiary of your account. I advise clients to designate persons or entity (trust) of their choice based on their personal relationships. The custodian is just the institution that holds the assets on your behalf. I agree you should be looking for someone else who puts your interests above their own.
Yes, you can. You have a 60-day window to return the amount you withdrew to your traditional IRA. If this rule is followed, you should not have to pay taxes on the distribution.
No, you will not have to include it as part of your taxes. It is a loan. If you took a distribution from your 401(k), then you would have to include the funds as part of your taxable income. However should you leave the company while having an outstanding loan, your may be required to pay back the outstanding loan within a specific time period or it will be considered a cash distribution from your 401(k). Contact your company's HR department or 401(k) provider, to inquire further to the specifics to your 401(k). This information is included in your 401(k) plan documents.