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Brian K. Schiess, CFP®

Financial Advisor

Brian K. Schiess CFP®
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Brian’s role involves working with clients to formulate planning goals, developing and implementing wealth management strategies and monitoring clients’ progress in working towards their financial and investment goals.

Professional Designations

CERTIFIED FINANCIAL PLANNER™

Education

William Paterson University, B.S., in Finance and Financial Planning

Giving Back

Mindy Cleaveland and Brian Schiess at the MarbleJam Kids Benefit

Learn more about how we serve our community

Read more about Brian

What do you value most in your client relationships?

Working with engaged clients to help them achieve their dreams and goals. It is rewarding when clients can step back and see the big picture and realize the value that we add as their financial advisers.

What sparked your interest in financial planning? What fuels you every day in your work?

Financial planning is a discipline that is steeped in academia which has always been important to me. It requires strong research and analytical skills as well as effective interpersonal and communication skills. On a day-to-day basis, it is exciting to have the opportunity to put pen to paper, analyze complex situations and develop sophisticated strategies. I also enjoy having the opportunity to meet and get to know many different types of people and help them accomplish their goals.

What do you enjoy most about working at Modera?

The collaborative, collegial, and conscientious work culture.

How do you do good in your community?

I am a member of the Greater Westwood Rotary club helping to organize and sponsor many civic events that allow us to give back to the community and those that may be in need.

I also volunteer my voice at St. Francis of Assisi Parish in Ridgefield Park as a cantor and member of the choir.

Brian’s Insights

A Guide to 401(k) Plans for Small Business Owners

As many of our clients grow their businesses, we have helped them replace their existing company retirement plans with 401(k) plans.  In general, 401(k) plans can provide more options and flexibility than other types of retirement plans.  Here, we will explore some of the key attributes of 401(k) plans and the potential benefits they can provide on both a personal level and in various aspects of managing your business.

Qualified Charitable Distributions and the SECURE Act

What are Qualified Charitable Distributions? Distributions from IRAs are generally taxable at ordinary income rates. As a result, certain taxpayers are often faced with larger-than-expected tax bills once their Required Minimum Distributions (RMDs) kick in, leaving them with little control over their taxable income and marginal tax brackets

New Year, New Retirement Plan Contribution Limits

Good news. Once again the IRS has increased the employee contribution limit for 401(k) and other retirement plans in 2020. The contribution limit has been increased from $19,000 in 2019 to $19,500 in 2020 for employees participating in the following types of employer-sponsored retirement plans:

Does the SECURE Act Affect Me?

The new Setting Every Community Up for Retirement Enhancement (SECURE) Act was passed by Congress and signed into law by President Trump in December 2019. The law will take effect on January 1, 2020.

2020-06-23T14:10:18+00:00