Frequently Asked Questions
Why do I need a comprehensive financial plan as I approach retirement age?
A comprehensive financial plan helps ensure you’re financially prepared for retirement by addressing key areas such as income needs, tax strategies, investment allocation, and healthcare costs. It provides a clear roadmap for managing your finances, so you don’t outlive your savings. A well-crafted plan helps you make informed decisions, avoid costly mistakes, and adapt to changes in your financial situation or goals. Ultimately, it offers peace of mind, knowing you have a strategy to support your lifestyle throughout retirement.
Am I a good candidate for a one-time comprehensive financial plan or should I seek an advisor who will also manage my investments?
You’re a good candidate for a one-time comprehensive financial plan if you’re a DIY investor who wants a clear financial roadmap while managing your own investments. It’s ideal if your financial situation is relatively stable, and you’re comfortable making financial decisions with periodic guidance. Ongoing financial planning and investment management may be better if you prefer professional portfolio management, have complex or changing financial circumstances, or value continuous support and adjustments. The right choice depends on your confidence, financial complexity, and need for ongoing assistance.
Who is responsible for implementing the financial plan?
I don’t implement the recommendations in the financial plan, but I guide clients through every step of the implementation process. While some recommendations may be complex, I am committed to walking clients through them to ensure they are executed effectively. In most cases, clients find it straightforward to implement the recommended strategies. The true value of the financial plan lies in providing clear, actionable strategies to help clients achieve their retirement goals.
Will you work with me in the future if I need additional help as my situation changes?
After completing the initial comprehensive financial plan, I offer annual updates at 75% of the original plan’s cost. These updates review all aspects of the initial plan and provide updated recommendations based on any changes in your financial situation or goals.
Who are your ideal clients?
My ideal clients are DIY investors nearing or in retirement who want expert guidance on long-term strategies like retirement planning, tax planning, and legacy planning. They are comfortable managing their own investments and seek a clear roadmap for their financial future. These clients prefer actionable recommendations without ongoing management fees and are confident in implementing the plan independently with occasional advice.
Where did the name Birdie Retirement Planning come from?
Since my sons were young, we’ve always enjoyed playing golf together. Both played competitive golf, and my wife and I spent every summer traveling to tournaments to watch them compete. Whenever possible, I continue to play with my sons, as golf has become a special way for us to connect. It’s a time for family and leisure, and I’ve created many great memories on the course. As a retirement planner, my goal is to help my clients enjoy a similar sense of freedom and peace of mind, enabling them to fully embrace their retirement without financial worries.
