We work with your best interest, not anybody else:
Because we work with your best interests..isn’t that the way it should be? We are fiduciaries which means we have a legal responsibility to act in your best interests and not any investment company, brokerage firm, insurance company or plan sponsors.
We believe all plan participants should have access to independent advice and guidance when it comes to what for most people will be a large part of their retirement. That’s why we charge a flat, annual fee of $350, no matter what your 401K plan is worth.
Fact based, pro-active investment recommendations based upon the current market environment:
We do not believe in a buy and hope, static asset allocation approach by providing you a nice colorful pie chart that never changes-even in bear markets. We will focus on capital appreciation in bull markets and capital preservation in bear markets.
Personalized investment advice and recommendations:
When you work with Live Oak Wealth Management, you will be working with the two owners of the firm, Matthew Gaude & Shawn McGuire. You will always have access to us via email, web meetings or in-person meetings.
We will help you determine the best time to claim Social Security:
As part of our 401K management service, we also provide you with a custom social security report. Accumulating assets is only the first step towards retirement. We will help you determine the optimal time to claim social security as well as how to best convert your savings into income once you retire.
We will help you determine how much you need to save for retirement:
Based upon your lifestyle in retirement, we will help you determine how much you need to save in order to meet your retirement goals and objectives. The #1 concern when planning for retirement is will I run out of money?
Your company is not acting in your best interest:
More and more companies are making Target Date Funds the default investment in 401K plans to try and reduce their liability. Unfortunately, we have found that most participants that are invested in the default investments, such as target date funds, or a static asset allocation, do not know what they own and as a result could be incurring more risk than what they think.