I know that it’s been a while. And for those who have been dropping by, I appreciate your continued support. Hopefully, others will find their way back and find the fresh perspective enlightening. In a world of confusion, my mission continues to be to bring to light fresh ideas on how to plan better and wiser for college funding, divorce, retirement and investing.
As I noted in my last post, I became a registered tax preparer and member of the National Association of Tax Professionals. Through my company Clear View Wealth Advisors, I had acquired the assets and client base of XtraRefunds, an income tax preparation service located in South Lawrence, Massachusetts.
My last post was titled “adventures of a tax preparer” and I had hoped to provide some ongoing commentary on how things were going.
Unfortunately, getting the business relocated to new offices, organizing the IT and systems, learning the software and providing tax prep services to walk-in clients took up most of my time leaving me with very little brain power to provide any commentary here.
This has truly been a learning experience. And I truly believe that it provides me with added tools and perspective to be a better financial adviser to individuals and business owners.
Bringing Financial Planning Services to the Masses
One thing that I had learned as a banker (I was a mortgage banker for more than 18 years you may recall) is the truism of the expression that a bank will gladly lend you money when you don’t really need it.
The same holds true for financial planning. As a former representative of a wirehouse broker-dealer, I found that everyone wanted to give advice to the very rich and those who are well-off. But more often than not those who had less than some minimum amount of money were shunned and pretty much told “come back when you have more.”
That’s why I formed my financial planning practice as an independent registered investment adviser firm. People need help at all stages and should not be left out in the cold just because their bank balances don’t have enough zeroes.
This is what I noted on my website and what I truly believe.
So I saw the integration of a tax preparation service as a way to help individuals by being there to offer financial planning tips and services.
Still Working Through the Growing Pains
Time will tell if my ideas in action make sense.
But from the stories that I heard I know that people of all income and education levels can benefit from having access to an objective financial professional who is not going to simply try selling them something.
Cost of Avoiding a Bad Mistake: Priceless
So I created financial plan program options for folks to use like the Advisor-On-Call program: pay one fee for the entire year and get access to me to answer any question on any issue during the year.
I know the need is there. Someone came in to see me and told me about her sister who lost everything when her apartment in Worcester burned down. She didn’t have any renter’s insurance. This was a learning experience and I was able to teach the client why she needed the same type of coverage for herself.
Back in the Saddle
Now that tax season is over and the calendar has turned to spring (despite the weather I see outside my window), I am back on the bike saddle as well. It’s usually on these long rides I do solo or with my cycling club that I get to clear my head and come up with new topics to write about here in the blog or in my newsletter.
Some of the wisdom that I expect to share with you over the coming weeks:
- How to build a better retirement income plan using the bucket strategy
- How to save on the cost of college even if your kid is a senior in high school
- How to lower the cost of divorce in the long-run by selling the family home
- How to get better yield outside of a bank money market
Thanks for stopping by and please keep on checking in.
And as always, your comments are greatly appreciated as are any questions or issues or story ideas that you want me to address.