There has been a sea change in the way that people plan for retirement. Our grandparents and maybe our parents had a pension, social security and some savings. They also had a much shorter life expectancy and weren’t facing exorbitant health care costs. The situation facing folks planning for retirement or financial independence today are much more complex. Companies have abandoned their pension plans and replaced them with defined contribution plans; social security benefits are less assured than in the past and some of today’s retirees might spend 30-40 years in retirement. As a former Chief Financial Officer and retirement plan fiduciary, I have seen how thousands of employees save and invest. The average employee is not saving nearly enough to build a nest egg that will replace their paycheck once they stop working. In many cases, they aren’t selecting appropriate investments for their goals and risk capacity or risk tolerance. My mission is to educate and encourage people to take control of their financial future.
I have a Bachelor’s in Business Administration from the University of Kentucky, and an MBA from Bellarmine University. I’m also a CERTIFIED PUBLIC ACCOUNTANT.
I am a CHARTERED RETIREMENT PLANNING COUNSELOR®.
My practice is focused in two areas, helping working families and pre-retirees plan for retirement and reaching the 20-30-year old’s who are just starting out. For older clients, it’s all about goal setting and understanding what it’s going to take to replace their current paycheck. For the younger clients, it’s about getting them excited about what they can accomplish with a 40-year compounding period. The challenge for this group can be finding the money to invest while still paying off student loans, buying your first home and starting a career and a family.
We think there are generally 3 times when it makes sense to consider hiring a professional advisor:
The gravity of your financial decisions becomes so great that you no longer feel comfortable going at it alone. When you first start building financial independence, a 10% blunder on $10,000 probably won’t derail your long-term plans. However, that 10% blunder can substantially alter your plans if your assets have grown to critical mass of at least $250k – $300k.
Your financial situation has gotten complicated. Whether your household income is increasing, your compensation structure is changing due to employer incentives, your taxes are becoming more “involved,” or you’re unsure of how the retirement, college, estate, investing, tax, and insurance pieces of the puzzle all fit together, your financial situation is probably more complicated now than it was when you first started out. Your overlying question shifts from “what do I do?” to “am I doing everything I am supposed to being doing, and am I doing it in the most efficient manner possible?”
There aren’t enough hours in the day. Trying to balance work, family, community, and recreational activities can make it extremely difficult to carve out time to focus on your financial affairs. Life gets busy, and the busier it gets, the more you want to make sure you can focus on those things that truly matter. Having someone help take some of the financial burden can create the abundance that you need.
No, my job is to inform and educate my clients, and I have no financial products to sell them.
No, but I can advise on matters of insurance, and will make recommendations on the most appropriate forms of risk management to protect my clients.
Yes, I am registered in the state of Kentucky and Indiana, but will work with clients from other states, as allowed by each state's de minimus rules.
Yes, I am very proud to take the Fiduciary Oath for every one of my clients.
I am a fee only financial planner, and charge either $180 per hour, or a lump sum based on my hourly rate. I don't take commissions of any kind, which means I work only in the best interest of my clients.
I don't have any minimums for assets, account size or annual fees paid. My typical fee for an initial engagement is $500-$2,500.
I believe in transparent pricing. I always provide a written contract detailing our professional relationship, outlining what I plan to offer, how much it will cost, and what is expected of you.
Yes, a detailed written analysis is one of the most important parts of the work I do. It acts as an instruction manual for you to take action with, and also remind us where you were starting from at our next engagement. This way we can gauge your progress and adjust your plan accordingly.
I am happy to help you take the necessary steps to enact your plan. I can look through statements with you, be on the phone for conversations with other financial services providers, or guide you through opening accounts. I am not a broker/dealer, so I cannot make trades on your behalf, but I can assist you each step of the way. The planning process is worthless if you don’t successfully implement the plan.
Absolutely. Even if you are planning on staying with your current financial advisor, I am happy to give you my perspective on your financial situation, help with assessing your risk tolerance, or provide an extra set of eyes on your current portfolio.
I'm also happy to provide a one-time engagement, if that's all you’re looking for. My goal is to help you understand your finances, and set you into a productive relationship with your money — not to rope you into a long-term engagement that you're not looking for.
My approach is to analyze my clients’ objectives, risk tolerance, need for income or liquidity and other special considerations to create customized portfolios that provide structure and discipline for the selection of individual investments.
I emphasize “time in the market” over “timing the market.” I focus on enhanced and consistent long-term returns while managing overall portfolio volatility and risk.
To keep my clients’ portfolios in line with target allocations, I advise periodic adjustments and rebalancing.
I emphasize the construction of diversified portfolios that allow each client to sleep at night, regardless of market conditions. The turmoil experienced during the Great Recession bears witness to the wisdom of owning various asset classes, market sectors and investment styles.
All investing involves risk, including the potential for loss of principal. There is no guarantee that any investment plan or strategy will be successful.