SmartVestor
Our Investment and retirement planning process utilizes Dave Ramsey’s investing and budgeting fundamentals. The process starts with The Dave Ramsey Baby Steps. We recommend reducing debt and building a sound emergency fund before starting your investment plan. During our client’s initial meeting we will evaluate your debt and emergency funding to ensure that you have completes steps 1, 2 & 3 and are ready to start investing.
After completing Step 3 of Dave Ramsey's Baby Steps, you will move into the investment phase of the plan. At this point, you should be well positioned to start aggressively saving for retirement and college. Dave recommends investing 15% of your income towards retirement into various retirement accounts. During this phase we will evaluate your investment plan options. Our advisors will focus on your company’s retirement plans, Roth IRA’s, and traditional IRA’s to determine which option is most tax efficient and fits your current and retirement goals.
This is an excellent time to bring in information regarding your company's retirement accounts and any additional investment accounts to be reviewed. We do not charge fees to review your investments. We will analyze your portfolio options and offer suggestions that meet your risk tolerance. Dave recommends that you invest 25% into aggressive growth, 25% Growth, 25% International, and 25% Growth and Income. We can further evaluate your personal situation to determine what asset allocation fits your risk tolerance and investment goals.
The final phases of the planning process include saving for college, paying down your home mortgage, building wealth, and giving. Along the way, we should review your life insurance, disability insurance, and long-term care coverage to ensure you have adequate protection based on your personal needs.
Preferred Advisors offer no cost initial meetings Monday through Saturday. We currently have 2 locations covering Northern Indiana. If you live near our Fort Wayne office, please call (260) 637-7282 or the South Bend office (574) 334-9757.
If you have additional questions, feel free to email Tim Huber at thuber@americanportfolios.com.