Spenser Liszt, CFP®, CCFC Paradigm Advisors

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About Spenser Liszt, CFP®, CCFC

I find true fulfillment in advising and educating others toward financial freedom. Before joining Paradigm Advisors in 2019, I enjoyed a successful music career. My strength is utilizing a creative approach to solving a wide range of client needs.

Born and raised in Dallas, I graduated from The University of North Texas with a Master’s in Jazz Studies. I became a Certified College Financial Consultant (CCFC) in 2020 and a CERTIFIED FINANCIAL PLANNER™ Professional in 2021.

In my free time I enjoy woodworking and spending quality time with my wife.

 

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Recently Published

3 Things To Know About Your Walmart Deferred Compensation Matching Plan (DCMP)

November 17, 2022

Walmart corporate officers and highly compensated salaried associates are eligible to take part in a Deferred Compensation Matching Plan (DCMP).

What is a DCMP?

DCMPs allow eligible employees to defer income beyond a 401(k) or similar retirement plan. This is an excellent way to delay salary & Management Incentive Plan (MIP) into future years. This is great for retirement, college funding or other expenses. Deferring compensation can help reduce your tax liability as well.

DCMPs get complicated fast. Let’s discuss three important factors to consider when making your elections:

Maximum matching  

The DCMP offers a 6% match on eligible compensation over the IRS limit ($330,000 in 2023). This is like 401(k) company matching. There are few things to know when maximizing the match on your 401(k) and DCMP.

Balancing act

The amount deferred under the DCMP may lower the value of 401(k) matching contributions. Walmart offers a DCMP Match calculator to make sure you are maximizing both matches.  

Start the clock

Any match in the DCMP takes 3 years to vest so it is best to make elections ASAP and receive at least the 6% match. Don’t leave free money on the table!

How deferral works

The DCMP enrollment period is December 1 - December 31, 2022. Elections will defer salary and/or MIP earned one fiscal year in the future, for example 2024 (February 2023 – January 2024). You are making decisions now about future expected earnings.  

New for this year, participants can select from a variety of funds that provide market-based returns. Previously, amounts deferred could earn a rate of return based on the 10-year U.S. Treasury Note yield + 270 basis points (2.7%), adjusted annually.

The fixed rate returns will only be available for existing balances. Further, to retain eligibility, the fixed rate option must be selected for the entire prior balance.  

It is important to recognize the risk involved in utilizing a DCMP. Funds deferred are not secured. There is risk of becoming a creditor in the event of Walmart’s bankruptcy or insolvency.

Multiple deferral options available

To get started, go to netbenefits.com to enroll in the DCMP. You will need to register as a new user if you are new to Fidelity.  

You can make unique elections for each deferral type (base salary, MIP & company match). For example, you can defer $200 per pay period from base salary and 50% of MIP.  

You may also decide how to receive distributions in the future for each deferral type. You can choose distributions:  

At retirement 

  • Lump sum
  • Annual installment payments over 1 – 15 years  

In-service (still employed at Walmart)  

  • Lump sum on a certain month & year of your choice 

At death 

  • Lump sum to beneficiaries  
  • Annual installment payments over 1 – 15 years to beneficiaries

The DCMP creates a powerful opportunity to plan for your future. This also creates complexity and confusion. There are many rules and details you must consider before making selections. It is paramount to understand how these decisions fit into your overall financial plan. 

If you have questions or would like to discuss, please schedule a complimentary call with us.  
 

To living your ideal life, 
The Paradigm Team

Paradigm Advisors is a fee-only financial planning firm based in Dallas, Texas and Fayetteville, Arkansas. Paradigm Advisors provides comprehensive financial planning and investment management services to help clients organize, grow and protect their wealth throughout life’s journey. Paradigm specializes in advising well-established career executives through financial planning and investment management. As a fee-only fiduciary and independent financial advisor, Paradigm never receives commission of any kind. Paradigm is legally bound by certification to provide unbiased and trustworthy financial advice.

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Life's Most Valuable Lessons

November 3, 2022

How would it feel to open a vault of the most valuable lessons you’ve ever learned?

Would it generate pangs of guilt? Sadness? Painful memories?

Our most valuable lessons often occur when things don’t go the way we anticipate. Because of the pain and disappointment, we sometimes hide those experiences from ourselves and try not to think about them again.

Why? What if, instead, we celebrated our mistakes and missteps?

Take your first money memory. How about a painful memory around money? How does it make you feel as you reflect on those experiences? Think about your key takeaways and how those experiences impact your decisions today. If we never revisit, we are doomed to repeat.

What if we were genuinely thankful for the lessons learned and the positive impact these enlightenments have had on our lives?

Last year, I wrote a thank you note to my greatest disappointments of the year. My reflections yielded amazingly valuable, unexpected lessons and much to be thankful for. My outlook and approach to life’s obstacles has forever changed.

Some of our greatest successes are because another door closed. We’ve seen that over and over.  And, without experiencing disappointment, we can’t know the joys of success.

Open the vault to your most valuable lessons. You might be surprised to find that everything in there was hard at the time. Often, deeply painful.

Our most valuable lessons are the ones we seem to be intent on protecting ourselves from

I want to cherish hard-earned lessons.

Doesn’t that sound better than keeping them locked away?


To living your ideal life,
The Paradigm Team

Paradigm Advisors is a fee-only financial planning firm based in Dallas, Texas and Fayetteville, Arkansas. Paradigm Advisors provides comprehensive financial planning and investment management services to help clients organize, grow and protect their wealth throughout life’s journey. Paradigm specializes in advising well-established career executives through financial planning and investment management. As a fee-only fiduciary and independent financial advisor, Paradigm never receives commission of any kind. Paradigm is legally bound by certification to provide unbiased and trustworthy financial advice.

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Insurance Basics: Auto Insurance

November 3, 2022

Given the sheer number of cars on the road and the distractions drivers deal with every day, the chances of using your auto policy are higher than ever.

You're at risk literally every single day you get in your car.

It's important to understand what your coverage options are, not just for your car but also for you and people who may be injured because of your negligence.

Know Your Limits

The truth is that people usually don't understand why they need liability coverage in the first place. The reason is simple: it protects other people from your negligence.

Liability pays for the damage you do to someone else in an auto accident. It pays for both the vehicles and any personal injuries in the accident, the combination of which can rapidly add up. Most vehicles are now more expensive than they have ever been, and when you consider the cost of luxury vehicles, and especially the cost of hospitalization, a common auto accident could end up costing in the tens to hundreds of thousands of dollars.

Important Auto Insurance Coverages

When you browse through your policy, you may see certain coverages and wonder exactly what they are and why they're on your policy.

Let us clarify a few of the more important ones for you:

Collision Coverage — this is the part of your policy that covers your car in the event you somehow damage the car itself because of an accident with a fixed or moving object, such as another car, a curb, a house, a guard rail, etc.

Comprehensive Coverage —this coverage also protects your car but in the event that something else damages your car that is not a fixed or moving object; for example, theft, a rock that cracks your windshield while you're driving on the highway, an animal you might hit, and so on.

Property Damage — suppose you damage someone's car in an accident, or you damage a guard rail, house, or some other property that belongs to someone else. This is the part of your policy that compensates the other person for that damage.

Bodily Injury Liability — this coverage protects your financial interest in the event you injure another party in an accident. This is the part of your policy that pays that other party for their medical bills and related expenses. Due to the high cost of medical care, it's dangerous to carry liability limits that are too low. This is something we can help you decide on.

Uninsured & Under-insured Liability — this coverage pays you if you are injured by another party and that other party was either unidentified or they weren't carrying a high enough limit of Bodily Injury Liability to cover your expenses. This is also a very important part of your auto policy because you have zero control over how much insurance other people are driving around with.

Common Auto Insurance Rating Variables

Age — insurance companies use your age in their overall rating algorithms. Drivers who are under 25 and those over 65 typically don't get preferred rates because statistics show that those two age demographics have the most loss frequency and are, therefore, more at risk for financial loss due to an auto accident.

Credit — credit is a metric that has been used in insurance scoring for many years. The better your credit, the more favorable your rates will usually be.

Car — the type of car, engine size, safety features, etc. are all part of determining the rate.

Driving History — your driving record and loss history plays a substantial role in the price. If you have a spotty driving history or multiple moving violations or accidents, chances are you won't get a preferred rate until those things are at least 3 years old.

Household — insurance companies underwrite at the household level, meaning they try to judge based on the entire household, what the probability of loss will be. If there are multiple drivers in the house who are under the age of 25, this will impact everyone's pricing in the household.

This content is developed from sources believed to be providing accurate information, and provided by Twenty Over Ten. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Paradigm Advisors is a fee-only financial planning firm based in Dallas, Texas and Fayetteville, Arkansas. Paradigm Advisors provides comprehensive financial planning and investment management services to help clients organize, grow and protect their wealth throughout life’s journey. Paradigm specializes in advising well-established career executives through financial planning and investment management. As a fee-only fiduciary and independent financial advisor, Paradigm never receives commission of any kind. Paradigm is legally bound by certification to provide unbiased and trustworthy financial advice.

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The annual XYPN membership fee paid by this firm is in consideration of a variety of services and benefits provided by XYPN to its advisor members - including the ability to be listed in this Directory. For a complete description of current XYPN member benefits, please refer to the Membership Benefits section of this website. For current membership pricing, please refer to the Pricing section.

XYPN, due to the compensation it receives from advisors in the form of the annual membership fee, has an incentive to list only these such advisors in the Directory. This creates a material conflict of interest.

Ideal Clients

  • College Planning
  • Dual Income Family
  • Gen X
  • Holistic Financial Planning

Ways Advisor Charges

  • Monthly Fee
  • Quarterly Fee
  • Assets Under Management

Fee Options

  • Monthly Fee: $416+/mo
  • Quarterly Fee: $1250+/qtr
  • Assets Under Management: 0.75%

SEC Records

Disclosure

The annual XYPN membership fee paid by this firm is in consideration of a variety of services and benefits provided by XYPN to its advisor members - including the ability to be listed in this Directory. For a complete description of current XYPN member benefits, please refer to the Membership Benefits section of this website. For current membership pricing, please refer to the Pricing section.

XYPN, due to the compensation it receives from advisors in the form of the annual membership fee, has an incentive to list only these such advisors in the Directory. This creates a material conflict of interest.

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