Helping You Build Lasting Financial Confidence
Nowadays, people are enjoying longer lives than ever before. However, longer lives require that our resources have to last longer. The cost of living and the cost of health care are steadily climbing. Through payroll deductions, we pay into Social Security and Medicare throughout our working careers. Unfortunately, more money is being paid out in benefits than is being collected and so the systems are running out of money. To keep Social Security and Medicare solvent, benefits may be reduced in the future, and we need to plan for that.
Social security was initially meant to supplement corporate pension plans—not replace them. In the 1980s, over 60 percent of American workers, including many working for corporations, had pensions by 2020, only 18 percent were covered by guaranteed pensions (Schroeder, 2022), and many of those were government workers (i.e., schoolteachers, government workers, and Congress) and relatively few people employed by private industry had guaranteed pensions.
We have been told to focus on accumulating our pile of assets. As a result, many but not all people are good savers and investors. Unfortunately, our future lifestyle could depend on our future income, not our assets. Our assets can be decimated in an unexpected stock market decline (as we saw in 2000-2002, 2008-2009 and in 2020), lost in a divorce, or lost in bad unprotected investments (a bad real estate deal, bad stock market investments or in cryptocurrency).
We need to develop effective ways to provide income for the lifestyle of our dreams in the 21st Century. Remember: The only person you can trust to care for your older self is your younger self.
We need to adapt and develop effective ways to save for the future. To maintain our desired lifestyles and long-term financial well-being, we encourage individuals, business professionals, medical professionals, and small- to mid-size business owners to take an honest look at their finances with us to determine the best approaches for saving, investing and spending. This way we can set realistic and achievable goals.
We work with you every step of the way, from accumulation to distribution and conservation, to address what is most important to you and give you the best plan possible for pursuing your desired result. The last thing anyone wants to face when they should be enjoying their senior years is financial uncertainty. That’s where the Strategic Wealth Advisor, Nancy Hite, can help with her proven and straightforward strategies. Nancy’s motto K.I.S.S. (Keep it simple, sweetie), avoids the use of complex and confusing jargon. When you can easily understand the road map to financial independence, you’ll have much less stress and more success in following it.
Our financial roadmap can include a comprehensive review of your taxes, estate, investments, current and future income, and loss prevention strategies. We coordinate with your estate planning attorney and your CPA to create a holistic approach to planning your financial future that considers each piece of your financial picture. All our recommendations are made in your best interest as a standard of the fiduciary process. The recommendations for each client are different because everyone’s financial situation is different. We work strategically and holistically to plan your financial roadmap for the rest of your life. Knowing that life changes, your roadmap may have to adjust periodically
What does it mean to be an Accredited Investment Fiduciary (AIF®)
A fiduciary is a financial professional who is legally obligated and committed to putting the client’s best interests first and must adhere to a standard of always acting in the best interests of the client.
Accredited Investment Fiduciary Professionals® (AIF®) are part of an elite community of fiduciary professionals who have earned credibility and distinction in the marketplace.
Why would someone hire a Certified Financial Planner™?
People hire certified financial planners for many reasons. You may worry about your long-term financial stability, leaving an inheritance for your loved ones, saving college tuition funds for your children, or simply maintaining and enjoying the lifestyle you’ve become accustomed to. These solutions do not lend themselves to do-it-yourself projects. As a CFP®️, Nancy Hite asks challenging questions and takes an objective, commonsense approach to your financial planning, giving you an individualized approach to meeting your financial goals.
What does a CERTIFIED FINANCIAL PLANNER™ (CFP®) do?
Different financial professionals take different approaches. The team at The Strategic Wealth Advisor® leverages their training and experience to provide comprehensive financial planning. This means they look at more than your 401(k) or IRA; they learn about your personal goals and then craft a plan that considers: equities and other investments such as future plans and real estate, future income planning, possible long-term care expenses, estate planning, financial risk management and tax reduction strategies.
Are you a stockbroker?
Nancy Hite is licensed to trade securities on behalf of her clients; however, she is not a stockbroker. A stockbroker trades stocks but doesn’t necessarily consider a client’s comprehensive financial plan and whether one security versus another better suits the client’s specific goals. Investing in stocks should be just one piece of a comprehensive financial plan.
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How can you tell if the investment advice you’re receiving is really in your best interest? Unless your financial advisor understands and follows a fiduciary process like Nancy Hite, CFP, AIF does, you can’t be sure. Often, many investment professionals, might not have the experience or training required to prepare them for their enormous responsibility.
Fi360 is accredited by the American National Standards Institute for the AIF® Designation, making it part of an elite group of accredited designations for financial professionals who are Fiduciaries.
Only Accredited Investment Fiduciary Designees have been explicitly certified for their ability to follow a fiduciary process with their client’s best interests at heart. As a fiduciary, Nancy Hite is legally required to put YOUR financial interests above her own. She must always do what is in your best interest. Most investment professionals and insurance agents are NOT fiduciaries and do not have to put your financial interests above their own. This is why non-fiduciaries are allowed to engage in practices such as selling you high-commission or high expense products. You can take comfort that Nancy Hite, CFP, AIF, does not engage in that type of behavior.
Some of the attributes that differentiate AIF® Designees from other financial professionals include the following:
