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Investment Account Management

The way you invest your money is a huge component of your overall financial plan. It is the ultimate factor in reaching your financial goals.

 

There are so many different options, styles, and decisions that need to be made when it comes to what types of assets you invest in and then how much of each asset will make up your portfolio. Do you really want to make those decisions on your own? 

It is extremely important to me that all of my clients have a very good understanding of how I approach managing their money. Below is my best shot at sharing some of my beliefs and philosophies around investing.

 

Also, make sure to check out my YouTube channel where I talk more about this topic.

Navigating Market Uncertainty

Get To Know How I Approach Investing:

  • Constructing a well-diversified, low-cost, tax-efficient portfolio that matches your tolerance for the inevitable ups and downs in the market and allows you to sleep at night is the foundation.

  • Time in the market is better than timing the market. Timing the market is not something I will try to do...I do not know which direction the market is going over the next week, month, year or even five years from now. I do use history as a guide when investing for the long term, but the future is unknown. 

 

  • I have no hot tips, I am not trading constantly in your account, I do not sit at my computer all day placing buy and sell orders. There will not be much action in your account. 

  • I almost always use very low-cost passive index funds and exchange-traded funds to create diversified portfolios. In certain situations, I may use an active fund or two if I believe there is an added value that outweighs the additional expense. 

  • Time horizon is the driver of the bus. If you need the money in 3 years (Down Payment) where you keep it looks very different than money you are investing for 30 years.

  •  I stick to the long-term plan. Markets go through cycles of ups and downs. I have invested through many of them. Sometimes those downturns can be very stressful and painful.  It sucks losing 40% of your retirement accounts, but it happened in 2008-2009 and odds are very good it will happen again. When you ask? Your guess is as good as mine (or anyone else's). The key is not making emotional decisions. It's hard to stay put when the world is crumbling around you. That's why people hire me :) 

Our Fee Schedule for Managing Your Investments

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NY State 403b Account Management

I have been working with employees in the NY State Public K-12 School Districts for over 10 years. My wife Karen was an elementary school teacher before starting her own clothing business. I know the NYSTRS and 403b marketplace inside and out.

 

Most of the providers inside 403b plans are large insurance companies that sell very high-cost annuity products.  The fees for these accounts can be well over 2% per year. The worst part is most participants have no idea how much they pay because the fees are not visible on the client statement. Because of this, many participants believe they are not paying any fees to contribute. Unfortunately, this could not be further from the truth.

 

As an independent fiduciary advisor, I am not tied to a specific company and will always put the client's interests first. This means I can use an existing OMNI P3 provider in your district that works with independent advisors to open and manage your 403b account. This has the potential to save you a tremendous amount of fees over the course of your career. Your account will be tailored to your specific goals and risk tolerance.

 

If you are currently enrolled in the NYSTRS 403b plan please schedule a call asap to see if I can help you. I will be able to figure out how much you are currently paying in fees and provide some alternatives that are available in your school district. At the very least you will gain some clarity and be able to make the best decision for your individual situation.

Our Fee Schedule for Managing Your NY State 403b Account

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Additional Benefits of Being our 403b Client

  • Completion and review of client Net Worth and Cash Flow Statement.

 

  • Debt Payoff Strategies and Guidance

  • Access to our online client portal. See your entire financial picture in one place. You can link all of your financial accounts, track financial statements and use our budgeting tool. 

 

  • Review of NYSTRS benefit booklet and education around pension calculation and options to plan for future retirement.

 

  • Help with buying back time through the NYSTRS if applicable.