Services
Mission
Our Purpose
When it comes to our clients, we work with all kinds of different people. We have clients whose main concern is not outliving their retirement assets, while others are only focused on leaving a strong legacy behind. We have put plans in place for long term care and set up other clients with accounts they can leverage to reduce their taxable income. Whether it is planning for retirement, income planning, long term care, or lowering taxation in retirement, we will help you create a solution that best meets your needs.
Our Process
We work with dozens of different companies that all have their own products and strategies. This allows us to select the products and create the solution that best fits the client vs. fitting the client in the product that best fits the company.
Step 1 - Evaluate
The objective of our initial discussion(s) is to get a clear understanding of your idea of retirement. We want to make sure we are always working together towards a common outcome. Therefore, we need to ensure we clearly understand where you are as well as where you aim to be. This is a casual conversation where getting to know one another happens organically.
Step 3 - Educate
Although education is something we are always doing with our clients, this is where we are the most intentional about it. As we review the differences between your current situation and the available strategies, we are explaining each suggestion along the way. We want to make sure you understand each solution so you can have the confidence required to make the best decision.
Step 2 - Examine
Once we have a clear understanding of where you want to be, we will examine where your things currently stand. We want to determine if the path you are on will get you to the destination you desire. Do not be alarmed if there are some holes in your current approach. It's always better to identify a potential problem before it becomes a serious one. That's where we come in to help.
Step 4 - Execute
Once you have the information you need we will work together to select the product(s) & the strategy that is most likely to get you where you want to be. This is when we complete the required applications and collect the needed paperwork to process any transfers or rollovers. Thankfully, we are not committed to one specific company. This means the solutions we present will be the best for you.
Our Process
We work with dozens of different companies that all have their own products and strategies. This allows us to select the products and create the solution that best fits the client vs. fitting the client in the product that best fits the company.
Leave A Legacy The Loftis Way
Our Process
The objective of our initial discussion(s) is to get a clear understanding of your idea of retirement. We want to make sure we are always working together towards a common outcome. Therefore, we need to ensure we clearly understand where you are as well as where you aim to be. This is a casual conversation where getting to know one another happens organically.
Although education is something we are always doing with our clients, this is where we are the most intentional about it. As we review the differences between your current situation and the available strategies, we are explaining each suggestion along the way. We want to make sure you understand each solution so you can have the confidence required to make the best decision.
Once we have a clear understanding of where you want to be, we will examine where things currently stand. We want to determine if the path you are on will get you to the destination you desire. Do not be alarmed if there are some holes in your current approach. It's always better to identify a potential problem before it becomes a serious one.
Once you have the information you need we will work together to select the product(s) & the strategy that is most likely to get you where you want to be. This is when we complete the required applications and collect the needed paperwork to process any transfers or rollovers. Thankfully, we are not committed to one specific company. This means the solutions we present will be the best for you.
Explore What We Offer
We specialize in the products needed to give you confidence as you prepare for life in retirement
Retirement Planning & Income Strategies
IRA/401k Rollovers
Asset Protection Solutions
Tax-Efficient Strategies
Investment Planning
Long Term Care Strategies
Life Insurance
Legacy Planning
FAQ's
A fiduciary is a person or organization that acts on behalf of another person or persons, putting their clients' interests ahead of their own, with a duty to preserve good faith and trust. Being a fiduciary thus requires being bound both legally and ethically to act in the other's best interests.
First, most advisors really only work with a couple companies and have a handful of strategies. I know this because I was one. Being a true independent agency means having the autonomy to work with the companies that best fit the client. Not the other way around. That is what we do because we believe it is the best approach for the client
That is a very difficult question to answer and it depends on several things. The type of account(s) you have, the company holding your account(s), whether it is managed by someone, the value of the account, etc. According to Smart Asset the average 401k account holder pays 2.2% in fees. That may be a hard pill to swallow given the fact that many people don't know their 401k even had fees. In my opinion, the best thing about a 401k is the match. If you have an old 401k with a previous company please give me a call. Things are different when your account is being managed by someone. According to Smart Asset the average fee in the US is 1.17%. However, I have seen statements from clients that were paying just over 2.7% so again, it varies widely based on the factors listed above.
This is a question I am often asked but the answer is not so simple. The answer varies widely on the strategy you are in, the agreement you have with your advisor, your risk tolerance, and many other things. I have realized that most of the time people have a pretty accurate sense as to whether their advisor is for them or for themselves.
This is a tough conversation for people because I feel we have conditioned to believe we need to accept the possibility of losing money in the market if we expect to make positive gains. That is simply not true! The first thing you need to do is determine your "risk tolerance" this is the level of risk you are willing to take in your portfolio. This is one of the first things I do with my clients because it shows me what products would best fit you and your needs. Only then can we begin discussing & exploring the products and strategies that are suitable to you. If you have not had this conversation with your financial professional you need to do that now.
This can be more difficult than you think. Most mutual fund companies do not advertise their fees on the front page of your statement. Many times you can find the main fees (administrative & investment fees) towards the back of the annual statement. It may be fairly difficult to find them because there are dozens of different fees mutual fund companies charge. However, there is an equation that needs to be done. Money Crashers did a great job in summarizing the equation, you can find that here.