It’s easy to focus on how investments are doing generally and optimizing taxes. But, we must remember that every investment has costs–and those costs add up over time. This guide addresses what to watch out for, how to discover hidden fees and also prepares you to discuss fees with your financial advisor to ensure you are using the best plan for you and your family’s future.
Get our Whitepaper research discussing “Four Questions to Ask About Fees–A Guide to Hidden Fees” to get started today!
Sequence of Returns Risk is all about how timing can impact your retirement assets. You must know what it is, and how it works to appreciate the solutions available to turn it from an enemy into an ally.
Get our Whitepaper research, “Sequence of Returns: How Can It Affect Your Retirement?” so you can begin knowledgeably discussing this critical element of retirement planning with your financial advisor today!
Individuals, Families, Small-Business Owners, Professionals, and recent Retirees all face these common problems in terms of Risk Management: Rising Tax Rates; Rising Interest Rates; Rising Inflation; Market Volatility; Rising Healthcare Costs. All of these issues are measured against generally borderline insufficient asset levels.
WR Nichols is a Best-Selling Author, Well-Known Legal & Financial Educator, having taught nationwide classes on long-term care planning and ethics. Mr. Nichols co-authored the best-selling, "Masters of Success" and authored the in-depth, personal, perspective of long-term care soft-back, "Pack a Sweater." Mr. Nichols has appeared on The Brian Tracy Show (motivational speaker) and Hollywood Live! with Jack Canfield (best-selling author of, "Chicken Soup for the Soul).
We use cutting edge technology and platforms to ensure encrypted security, confidentiality, accuracy and efficiency in all phases of our planning techniques. For but one example, our custodian was the innovator in fractional share trading and has been a leader in the robo-advisor space since 2001. We use encrypted services owned by such industry giants as Fidelity. These powerful applications help us quantify risk and manage it by running sophisticated statistical analyses to identify at-risk areas. We use technology to meet with you online or in-person, to shrink distances, shorten commute times, and by using digital contracts where appropriate--all to increase convenience, efficiency and productivity.
Most advisors omit discussions of protecting wealth from predators and creditors. Because of our wealth of legal experience in the estate planning, trust and probate spaces, such planning goes hand-in-hand in our analysis and forward legacy planning processes. Charitable giving is an ancillary topic that naturally goes hand-in-hand with these discussions during our advanced planning meetings. Best yet: these topics are relevant for Families, Small-Business Owners and Professionals because: all these are comprised of Individuals!
Once you subscribe to our 401k Plan Confidence offering, all we need from you is a listing of the available investment options in your plan. And then we do the rest.
We will input all of your investment options in our back-office affiliate’s database of employer offerings. Our back-office affiliates will then research and score each one of your options using a proprietary scoring system (which is compliant with the DOL/ERISA rules).
Then, the financial asset allocation models you provided to us are “overlaid” against the scored models and “mapped” to your investment options in the proper categories. The advice is then displayed through your “dashboard’ showing you exactly how to manage the money in your plan.
You decide if you then want to implement the advice, or have us as your adviser do it for you.
This process is repeated each time new advice is given–generally the first business day of each month.
Just think, the money the average consumer spends* at their local designer coffee-stand could be making your retirement secure and giving you peaceful nights.
Being a fiduciary means your best interests are paramount. If a product solution/investment vehicle is recommended strictly because of the commission/fees associated with it, an advisor has a conflict of interest. But, if the solution offered is truly in the client’s best interests, the commissions/fees earned fall into the backdrop of the joint-venture-type arrangement that truly represents the advisor/client relationship. In our 28+ years of experience in dealing with client relationships, all but insurmountable conflicts of interest (as strictly defined by applicable Codes of Professional Responsibility) can be resolved with full written disclosures. Click the icon above to download a copy of our Compensation Disclosure.
Most advisors focus on risk analysis as a trade-off of, “how much would you be willing to risk losing to get this amount of gain?” Not so with us.
Risk management is about so much more than this zero-sum type of Risk/Reward approach to investing and wealth planning. Risk assessment is one part. Risk-shifting is another part.
We see so many people come in, tout their conservative nature while emphasizing, “We can’t afford to lose any money!” Then, they make the riskiest choices in planning for their future based most often on pure emotion informed by popular mythology or other anecdotal information. We hope you can see the conflicting strategies at play in just this simple scenario.
We quantify risk. We add qualitative factors peculiar to your situation. Then, we provide you with a plethora of options. Where you wish to go is your call. Making sure you can get there is where we come in–and we base our recommendations on an evidentiary approach.
We host frequent, periodic educational courses at local community colleges. Click the icon above to Learn More!
In large part, retirement boils down to what you can spend. Wealth and legacy planning is the process of determining your ability to spend. To increase the probability of you enjoying a high-quality of retirement based on the ability to comfortably spend what you can, we build a variety of analytical frameworks to hone in on probable outcomes tested against a variety of “what-if” scenarios. This process is ongoing to keep your plan current and also serves as another part of risk management. Surprises aren’t generally a good thing in investments and retirement. We try to plan so we avoid them.
If you think your case is beyond repair or too complex to address, think again. We have made careers out of “Find a Way to Win Financial Planning.” Needless to say, the results have been much to the happiness of our clients who trusted us enough to share their information and allow us to work with them. You can too–you’ll love doing business with us–just ask any of our clients by clicking the icon to see!
Click the icon above to see the various awards and public recognition we’ve been honored to receive.
Weekly markets wrap, technical tips on the trade, what’s behind the movements, tips for retirement planning, recipes, info on healthy lifestyle, and a Quote of the Week from a famous Markets Insider–EVERY WEEK in your Saturday morning inbox.