Tom Faulconer brings his extensive experience to bear on your financial issues in a way different than many other financial advisors. As your financial “coach,” Tom will explain things in a straightforward, easy-to-understand way that will help you understand the importance of the decisions you make.
For example, many people simply do not understand the impact of fees on financial planning? A 40 year old planning to retire at 65 paying the very common 1% advisor fee and the average mutual fund fee (according to Morningstar) of .65%, may lose over 20% of their retirement savings to fees! That could mean working for several more years, just to pay the salaries of other people!
Did you know that the expenses associated with 401k plans are usually higher than those in Individual Retirement Accounts? Still many people leave their 401k with their previous employer when they change jobs!
Whether you are looking for a long-term relationship with a financial advisor who is committed to making money for you and not just himself, or need a comprehensive financial plan for your retirement, estate plan, or college funding, call Tom at Transitions Financial today.
