Frequently Asked Questions


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POPULAR WEBSITE LINKS:

IRS - Forms & Publications

Social Security  Go to the source, useful and easy to use.  Estimate your benefits here

Official U.S. Government Site for Medicare

 

FREQUENTLY ASKED QUESTIONS:

Q:  Who do you generally work with?

A:  I generally work with clients who need my advice, are willing to act on my advice, and are willing to pay for my advice.

 

Q:  How do you get paid and what do you normally charge?

A:  I generally charge an annual fee based upon my client’s assets under management, and depending upon stategy and services provided.  Once a discussion of what your needs are, I would be able to provide a detailed explanation of costs in advance.

 

Q:  The daily news reports are overwhelming.  What should I do?

A:  I believe that a clear direction as part of an overall financial plan can foster success and reduce stress.  A successful investment plan requires us to adhere to the philosophy not just when it is easy, but more importantly during the difficult times.  Obviously no one in the investment arena can guarantee a win on every choice made, but letting emotions overrule the sound logic originally used to make the decision can add insult to injury.

 

Q:  Why is Financial Planning such a focus in your practice?

A:  Financial planning takes the guesswork out of managing your finances and helps you understand the implications of each financial decision you make. Everyone has different goals, so it’s important to have a unique plan that works for you and your financial situation, both now and in the future.

 

Q:  Why do some of my investments move up while others do not?

A:  Markets don’t tend to move in tandem. At any given time, one investment may be surging ahead while another may be lagging behind. The key is to maintain a properly diversified portfolio that continually reflects a combination of investments that should move the portfolio ahead as a whole in the long term.

 

Q:  Do you pick your own stocks?

A:   While I have the ability to allocate your investment portfolio, I utilize a combination of separately managed accounts (institutional money managers), mutual funds, and exchange traded funds (ETFs) to diversify my clients’ portfolios across various asset classes.

 

Q:  How often will I need to make changes to my investments?

A:  Your investments will be monitored to maintain balance, efficiency, and consistency.  Your portfolio should be adjusted when long-term market conditions or your objectives dictate a change is necessary.  My clients share my vision that successful investing is a function of patience, not hasty judgment, and that investment choices must be provided time to reach their potential.       

 

Q:  Do you ever make mistakes?

A:  I believe that a willingness to admit mistakes early and take appropriate corrective action allows us to stay on our toes and not compound our errors.  Risks are everywhere in life, and those risks may not all be avoidable.  However, through careful planning many of them can be successfully managed.

 

Q:  Are you going to pressure me to refer you to my family and friends?

A:  Of course not.  That being said, if you are satisfied with the level of service I have provided you, the greatest compliment you could give me is by recommending me to your family, friends and coworkers.