Sheryll Yee

Sheryll Yee is an IRA consultant at Commonwealth Financial Network®, member FINRA/SIPC, an independent broker/dealer–RIA. With the firm since 2011, Sheryll assists affiliated advisors and home office staff on a variety of retirement-related topics, ranging from traditional IRAs, Roth IRAs, and SEP/SIMPLE IRAs to distributions, beneficiary options, portability, and the like. She stays abreast of trends and developments affecting retirement accounts, including IRS laws and regulations, as well as industry news. Sheryll graduated from Cal State San Marcos with a BS in marketing.

Information about securities-registered professionals may be found at FINRA BROKERCHECK.

Recent Posts

5 Challenges Women Face When Planning for Retirement

Are 72(t) Plans Too Good to Be True? (For Most of Your Clients, Yes)

The Yearly Must-Do: Review Clients’ Retirement Accounts

Retirement Savings Strategies for Clients with Small Businesses

Helping Your Clients Choose an IRA Beneficiary

5 Challenges Women Face When Planning for Retirement

Posted by Sheryll Yee

October 30, 2019 at 1:30 PM

For such an important aspect of clients’ financial plans, retirement planning is far too often overlooked or underprioritized. Making this mistake can be detrimental, particularly to women, who encounter different obstacles and circumstances than their male counterparts do, which can significantly affect their quality of life in retirement. Below, I’ll address five challenges women face when planning for retirement, as well as provide ideas for how you can help your female clients overcome them.

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Topics: Retirement Consulting

Are 72(t) Plans Too Good to Be True? (For Most of Your Clients, Yes)

Posted by Sheryll Yee

March 12, 2019 at 10:00 AM

Although IRAs are intended to be long-term retirement savings vehicles (like employer-sponsored retirement plans), unexpected financial needs can arise, and your clients may find themselves wondering if they should tap into their accounts. Typically, IRA owners who distribute assets from their account before age 59½ are subject to a 10-percent early withdrawal penalty on the distribution amount. But with 72(t) plans, also known as a substantially equal periodic payment plans, IRA owners can distribute assets before age 59½ and avoid that penalty (though normal income tax rates would still generally apply).

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Topics: Retirement Consulting

The Yearly Must-Do: Review Clients’ Retirement Accounts

Posted by Sheryll Yee

October 10, 2018 at 1:30 PM

Although it’s best practice to monitor clients’ retirement accounts throughout the year, many advisors are guilty of leaving certain annual tasks for the last minute. To help ensure the alignment of plans and objectives, advisors should take the time to periodically review clients’ retirement accounts—in particular, their beneficiary designations, current contributions, and distribution requirements.

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Topics: Retirement Consulting

Retirement Savings Strategies for Clients with Small Businesses

Posted by Sheryll Yee

November 8, 2017 at 1:30 PM

Discussing retirement savings strategies for clients with small businesses can be challenging. After all, there are many things to consider, including cost, tax implications, personal retirement savings goals, and maintenance. But by familiarizing yourself with the various plan options, you’ll be better equipped to assist your clients in making the best retirement savings decisions—for themselves and for their employees. Plus, being a go-to retirement expert just might lead to opportunities for your own business, such as gaining access to centers of influence, increasing your market audience, and possibly obtaining client referrals.

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Topics: Retirement Consulting

Helping Your Clients Choose an IRA Beneficiary

Posted by Sheryll Yee

October 4, 2016 at 10:00 AM

IRAs are a great way for your clients to save for retirement, but they can also act as a vehicle for passing assets to their heirs. There are a number of options when choosing a beneficiary—from spouses and nonspouses to trusts and estates—and it’s not always easy to determine the best choice. Here, I’ll cover various types of beneficiaries and factors to consider when helping your clients choose an IRA beneficiary.

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Topics: Retirement Consulting

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