Question 1

How do I know if I need a financial planner?

Accepted Answer

If you're feeling overwhelmed by financial decisions, unsure about insurance needs, want to save for college, or need help planning for retirement, a financial planner can provide clarity and direction. We work with families at all income levels and stages of life.

Question 2

What should I bring to my first meeting?

Accepted Answer

For your discovery call, just bring yourself and any questions you have. If we move forward, we'll ask for information about your income, assets, debts, insurance policies, and financial goals. We'll provide a detailed checklist to make it easy.

Question 3

How long does the planning process take?

Accepted Answer

The initial discovery call is 30 minutes. If we're a good fit, the comprehensive planning process typically takes 4-6 weeks from data gathering to final plan delivery. Implementation timelines vary based on the complexity of your situation.

Question 4

Do you work with clients virtually or in-person?

Accepted Answer

We offer both! Many of our clients prefer virtual meetings for convenience, but we're happy to meet in person if you're in California, Texas, or Florida. All our services are available regardless of how we meet.

Question 5

How much do your services cost?

Accepted Answer

Comprehensive financial plans start at $1,500. Investment management is typically 0.75%-1.25% of assets under management annually. Insurance products may include commission-based compensation. We'll provide clear pricing during your discovery call based on your specific needs.

Question 6

Do I need a lot of money to work with you?

Accepted Answer

No. We work with families at various income and asset levels. Whether you're just starting to build wealth or have significant assets, we tailor our services to meet you where you are. Our goal is to help you grow, regardless of your starting point.

Question 7

What's the difference between fee-based and commission-based?

Accepted Answer

Fee-based means you pay directly for planning or investment management services. Commission-based means we're compensated by insurance companies when you purchase insurance products. We always disclose how we're compensated and act as a fiduciary, putting your interests first.

Question 8

Can I just get help with one specific thing, like life insurance?

Accepted Answer

Absolutely. While we offer comprehensive planning, you can engage us for specific services like insurance analysis, college planning, or investment management. We'll recommend what makes sense for your situation without pressure to do more.

Question 9

How much life insurance do I really need?

Accepted Answer

A good rule of thumb is 10-12 times your annual income, but it depends on your debts, number of dependents, and financial goals. We use a detailed calculator that considers your mortgage, future college costs, income replacement needs, and final expenses to determine the right amount.

Question 10

Should I buy term or whole life insurance?

Accepted Answer

For most growing families, term life insurance is the better choice. It provides maximum coverage at the lowest cost during the years your family needs it most. Whole life can make sense in specific situations, which we'll discuss if relevant to your circumstances.

Question 11

What is disability insurance and do I need it?

Accepted Answer

Disability insurance replaces your income if you become unable to work due to illness or injury. You're actually more likely to become disabled than die during your working years. If your family depends on your income, disability insurance is crucial protection.

Question 12

I have life insurance through work. Is that enough?

Accepted Answer

Usually not. Employer-provided life insurance is typically 1-2 times your salary, which isn't enough for most families. Plus, you lose that coverage if you change jobs. We recommend supplementing with an individual policy you own and control.

Question 13

How do you invest client money?

Accepted Answer

We create customized portfolios using low-cost, diversified investments aligned with your goals, timeline, and risk tolerance. We focus on tax-efficient strategies and regularly rebalance to keep you on track. You maintain custody of your assets with a reputable custodian.

Question 14

What's your investment philosophy?

Accepted Answer

We believe in long-term, diversified investing with a focus on controlling costs and taxes. We don't try to time the market or chase hot stocks. Instead, we build portfolios designed to weather market volatility and grow steadily over time.

Question 15

Should I prioritize retirement savings or college savings?

Accepted Answer

Generally, retirement should come first. You can borrow for college, but you can't borrow for retirement. That said, we help you find a balance that addresses both goals without sacrificing your financial security. The right answer depends on your specific situation.

Question 16

When should I start saving for retirement?

Accepted Answer

Yesterday! But seriously, the earlier you start, the more time compound growth has to work in your favor. Even small amounts in your 20s and 30s can grow significantly by retirement. We'll help you determine how much to save based on your retirement goals.

Question 17

What's a 529 plan and should I have one?

Accepted Answer

A 529 plan is a tax-advantaged savings account specifically for education expenses. Earnings grow tax-free and withdrawals for qualified education expenses are tax-free. For most families saving for college, a 529 plan is the best option. We'll help you choose the right one and set up automatic contributions.

Question 18

Is it too late to start saving for college if my child is already in high school?

Accepted Answer

It's never too late. While starting early is ideal, even a few years of savings can reduce the amount you need to borrow. We'll also help you explore financial aid strategies, scholarship opportunities, and smart borrowing approaches if needed.

Question 19

How much should I save for college?

Accepted Answer

It depends on whether you're targeting public or private schools, in-state or out-of-state, and how much you want to cover. We'll project future costs based on your child's age and help you set realistic savings goals that don't compromise your other financial priorities.

Question 20

Will saving for college hurt my financial aid eligibility?

Accepted Answer

529 plans owned by parents have minimal impact on financial aid (assessed at 5.64% of value). We'll help you understand the financial aid formula and position your savings to maximize aid eligibility while still building a college fund.

Question 21

Are you a fiduciary?

Accepted Answer

Yes. We are held to a fiduciary standard, which means we are legally and ethically required to act in your best interest at all times. Your success is our success, and we take that responsibility seriously.

Question 22

How often will we meet?

Accepted Answer

It depends on your needs and preferences. Most clients meet with us quarterly or semi-annually for portfolio reviews and plan updates. We're also available via email and phone whenever questions arise. You're never on your own between meetings.

Question 23

What if my situation changes?

Accepted Answer

Life changes, and your financial plan should too. Whether you have a baby, change jobs, receive an inheritance, or face unexpected challenges, we're here to adjust your plan accordingly. That's the value of an ongoing relationship versus a one-time plan.

Question 24

Can I cancel or pause services if needed?

Accepted Answer

Yes. We don't lock you into long-term contracts. If your situation changes and you need to pause or end services, we'll work with you to ensure a smooth transition. Our goal is to be a resource when you need us, not a burden.

Frequently Asked Questions

Getting Started

Services & Pricing

Insurance Questions

Investment & Retirement

College Planning

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