Our Services: FAQ's

What is a financial road map?

A financial road map is a financial plan. We like calling it a road map because it explains what a financial plan really is in terms that can help make it easier to understand. You start a plan by figuring out where you are now. Then you consider where you want to be at a certain point in time and the best way to get there, much like a road map. You have a starting point and a destination. The road map shows you the way.

What is an investment strategy, and why do I need one?

An investment strategy, as part of your overall financial plan, is unique to each client and situation. The investment strategy targets specific investments based on your goals, risk tolerance and time line to retirement.

If I contact you for an initial consultation, am I obligated to work with you?

No, there is no obligation for you to work with us. The initial consultation is a time for us to get to know each other, for us to learn about your financial situation and your goals and to see if you feel we are a good fit for helping you to pursue your goals.

Do you consider my risk tolerance when developing a plan to pursue my financial goals?

Yes! Considering your risk tolerance is a key component to any good financial plan. We’ll also consider your time line until retirement which has a significant impact on your risk tolerance.

The current economy is volatile, and I’m afraid the money I’ve saved so far won’t be enough for retirement. Are their financial products that offer the potential for accumulation as well as protection to help me pursue my goals?

Yes, there are financial products that offer principal protection and the potential for interest credits. The key is diversifying your assets into a variety insurance products such as annuities and investments to help you work toward your financial goals.

I’m concerned about my family’s financial future when I die. How can I help provide for them when I’m gone?

This is something we hear from several of our clients. To answer this question, we need to look at what income and assets you have now that will continue after your death, and we need to estimate what your family’s needs will be. Then we look at what life insurance you currently have in place, and discuss the options for filling any gaps between what you have and what you need.

I really like my current advisor, but it’s my money and I’m the one at risk. Is it OK for me to get a second opinion?

Absolutely. There are a lot of financial professionals out there, but many of them may apply the same investment advice and financial strategies to all of their clients at all stages of their lives. Some of them know how to invest in a bull market, but may not really understand how a bear market works. You want a financial professional who understands both types of markets and keeps up-to-date on economic trends and who questions traditional financial thinking.

You also want a financial professional who specializes in income, distribution and financial strategies in retirement. With so many different factors at play during retirement, your pre-retirement strategy is probably not appropriate.

Think of your current financial professional as your family doctor, someone who grows with your family, taking care of most of your needs. As you get older though, your needs change. Maybe you have a heart condition. Would you go to your family doctor for that, or would you seek a specialist? We’d want the specialist.

Select an experienced professional you can trust who looks closely at your individual financial situation and your accumulated wealth and tailors a financial plan and financial strategies strategies specifically for you. Even if you like your current financial professional, it costs nothing to shop around to see if you’re getting the planning and investment options you deserve.

What is a qualified plan? How do I know if I have one?

A qualified plan is a retirement plan that accepts pre-tax money for contributions. The qualified plan can be an employer-sponsored plan like a 401(k) plan or an individual plan like an IRA. For a complete definition of the term qualified plan, visit IRS.gov.

How are you compensated for your work?

I am compensated two different ways, one is fee-based and the other is commission-based. Compensation is fee-based when we manage your assets through investment products and services. This means you will directly pay a fee from these assets for the management services provided. Commission-based compensation is used when insurance products are used. In these instances, insurance companies will directly compensate me for the products sold.

Do you represent one company or multiple companies?
I believe in providing a variety of products and services to my clients, selecting the ones that best meet their needs. I am an independent Investment Adviser Representative and Insurance Professional and have access to multiple resources for investment and insurance products. As a result, I am able to offer a wide range of products and services.

What does IAR stand for?

IAR stands for Investment Adviser Representative.

What does RIA mean?

RIA means Registered Investment Adviser.

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