FAQs
Retire smarter. Live life on your terms. Leave a legacy
Frequently Asked Questions:
What is the Path for Becoming a Client?
One of the most common questions asked is, “How do I talk with a McBeath Financial Group advisor to see if they can help me? And if it's a fit to work together, what sort of meetings will there be in the process to becoming a client?” So there won’t be any mystery in our easy path towards getting to know each other, we would like to explain our process.
Who Are the People You Can Help?
McBeath Financial Group provides two primary types of financial planning programs; comprehensive financial planning and investment planning. These programs focus on different age demographics with distinctly different goals and needs. It is important to note that comprehensive financial planning encompasses investment planning as well and is customized to the individual's specific needs.
What's the Cost of a Financial Plan?
As a financial planner, I often find out that there are certain questions people have, but they might be reluctant to come out and ask. I want to cover what might be one of the foremost questions about using a fee-based financial planner. The cost of the financial plan and what the plan includes.
What's in a Financial Plan?
There is a rampant misconception of what a financial plan entails. Unfortunately, too often financial advisors or insurance salesmen will use the term financial plan loosely in referring to a simple retirement plan or possibly investment recommendations that are largely product based. Such proposals may include a plan for income distribution in retirement and an investment strategy chosen for their client’s time horizon. Yet, these fall far short in comparison to the full comprehensive financial plan that you would expect from a fee-based financial planner.
If I Engage in Financial Planning, Will I have to Change from My Current Advisor and/or Investments?
Although this question does occasionally get asked, I find it interesting and here’s why: If your current advisor had answers to your questions and you were confident in your current plan, then why would you be seeking my advice? Chances are, if you have concerns about your investment portfolio, your instincts are correct.
Are You a Financial Advisor Who Can Work With People Who Don't Live Locally?
Many people don’t realize, as a financial advisor, I work with many people who aren’t living locally, and even some who live outside of Illinois. Within certain guidelines, we usually can accept and serve remote clients, whether they are clients who have relocated or even those who have never even visited central Illinois.
Why is a Roth Conversion with McBeath Financial Group Different?
Over the last couple of years, most people have heard of the term “Roth Conversion.” Some people have probably researched it and understand some of its benefits. And a small percentage have even initiated or attempted to initiate this strategy. So, what is all the craze about, and are Roth IRA or Roth 401(k) conversions beneficial for everyone in all situations?
How Do You Know When You Can Retire?
The most obvious question for a retirement planner is, “How do you know when you're able to retire?” The short answer is, when you are absolutely certain that you will have enough income to cover your monthly expenses, until the day you die. And if you know all of that, it’s simple, right?
Does McBeath Financial Group Sell Annuities?
As an investment advisor, I’m often asked, even before a first appointment, if I sell annuities. Although I absolutely do have insurance products, including certain annuities available as financial vehicles, I really want to say, “I don’t SELL anything!” That’s because, I provide solutions based upon an individual’s current situation, needs and goals.
Why Hire a Professional Financial Planner When The Employer Provides the Service for Free?
The obvious question is, “Why would anyone pay for a service if they can get the same thing for free?” And the simple answer is, the service provided by an employer sponsored financial services company is NOT even close to being the same! What’s more, the difference, and more importantly what’s NOT provided by a free service, can end up being much more costly.
Let’s Talk
Schedule An Introductory Call with McBeath
Financial Group
We realize that there can be questions and concerns regarding investments, especially during transitionary periods of life. We invite you to take the first step toward a clearer financial future. Schedule your complimentary 20-minute phone call so we can meet you and learn more about your needs and concerns.
