Who We Are
Are you a Fiduciary?
We are a fiduciary and take pride in acting in our clients’ best interests. As a comprehensive financial planning advisory firm, we currently help over 800 families and have over $600 million in assets under our management.
What is a Fiduciary?
Simply stated, a fiduciary is someone who is obligated to act in the clients’ best financial interests. This means being unbiased, transparent, and – especially important to us – client-centered. As a fiduciary, we manage your assets and have the legal and ethical obligation to always put your interests first. We will help you make decisions in your best interest, with no regards to our own compensation – there are no hidden fees and no commission. We are here for you and your interests only.
What We Do
What do you help with?
- Debt Planning
- Loss Prevention
- Retirement Income
- 401(k)/IRA Distribution
- Charitable Trust Planning
- Gifting Strategies
- Schwab Trust capabilities
- Estate Plan Coordination
- Social Security Planning
- Medicare Planning
- Income Planning and Cash Management
- Tax Planning
- Insurance Planning (Healthcare, LTC, Life & Disability)
- Social Security Analysis
- ESOP plan
- Death of Spouse
What is Financial Planning?
Financial planning is a process of making decisions when it comes to your money and financial future. It means asking the questions: what is my financial situation like now? Where do I want to be? What is my ultimate financial goal? What does my retirement look like?
It includes gathering information on your assets, liabilities, cash flow, and income. We discuss your current financial situation and your ultimate goals. We then identify areas of opportunity, objectives, and overall solutions that will help you achieve financial peace.
Why should I use a Financial Planner?
Financial planning isn’t just setting a monthly budget. It includes planning for the future, knowing tax codes, understanding investments, and, ultimately, knowing how to navigate the ever-changing waters of the financial industry. Our certified financial planners are people you can trust to give you unbiased advice so that you have the best financial outcome. Money and financial planning can be daunting and even frustrating. However, a financial planner can help you sort through the process and even educate you so that you are fully aware of every decision you make.
What is Comprehensive Wealth Management?
Comprehensive wealth management isn’t just managing your money. It’s looking at the total financial picture of financial planning and investment management so that you can achieve your goals. Financial planning allows you to see exactly what you need to do, while investment management ensures you have the money to do it.
What is Investment Management?
Investment management means we manage your assets to meet specific financial goals. We help you create a financial plan and oversee your financial portfolio. This includes investments such as various securities and other assets like real estate, budgets, accounts, insurance, and taxes.
Are you a Fiduciary?
We are a fiduciary and take pride in acting in our clients’ best interests. As a comprehensive financial planning advisory firm, we help over 800 families and have over $600 million in assets under our management.
Do you do tax planning?
We review all of our clients’ accounts regularly to take advantage of tax opportunities as well as review tax efficient strategies for creating retirement income. When situations dictate, we have a network of CPAs that we bring in for additional counsel.
Do you help us with long-term care (LTC) insurance or determine if we need it?
We help clients figure out if they need LTC insurance. If they do, we help clients identify how much to purchase. We have relationships with trusted independent insurance experts that help fulfill any insurance needs and we do not take any compensation in exchange for referring our clients to them.
Do you assist with Estate Planning?
Yes. We make sure our clients have Estate Planning documents in place. For clients that don’t have documents or need to be updated, we have relationships with several respected Estate Planning attorneys in town and we have pre-negotiated better rates for our clients. Estate planning meetings are held at our office with an attorney, our clients, and your dedicated TRPG advisor all sitting in the same room.
Do you implement Life Insurance?
Occasionally. Most of our clients don’t need insurance. But when we do identify a need we recommend Term Insurance and help fulfill the need.
Do you help us identify the best way to collect Social Security?
We do exhaustive planning in this area and help our clients determine the best way to collect Social Security – whether it’s a file and suspend strategy, a do-over strategy and/or evaluating Spousal or Survivor options we can help you navigate this to maximize your benefits.
Do you know how Medicare works?
We do know how Part A, Part B, Supplemental Plan, Prescription Drug and Medicare Advantage work. Twice a year we host seminars to educate our clients on these topics.
Who do you help?
We help anyone who is need of financial planning – retirees, working professionals, families, and individuals. We can assist you during any stage of your life, whether it’s saving for college or getting ready to retire.
What are the benefits of working with The Retirement Planning Group?
We believe that you should be at the center of every meeting and decision. You are our priority and every decision made is made in your best interest. With that, we believe that ongoing communication makes a difference and that personal connection is of the utmost importance:
- All clients hear from our firm once a month and you will receive at least 16 communications per year, delivering updates, answering questions, and identifying upcoming issues.
- We also hold events for our clients that are not sales events.
- Each advisor works with a limited number of families to ensure each client receives the time and attention needed to help them reach their goals.
- We build customized plans that are tailored to ever client’s unique financial situation.
Ultimately, we don’t just create a plan for you to implement on your own. We are there with you every step of the way to achieving your goals.
How do I get started?
You can get started by contacting one of our three locations in Kansas and Missouri. You can also fill out an online form and one of our advisors will reach out to you.
How much do you charge for an initial meeting?
Our first meeting with you is complimentary. We do not charge for this meeting so you can use it as an opportunity to interview us to see if we are a good fit. In addition, it gives us the ability make sure that we could be a good solution for you and your family.
What should I bring to the first meeting?
After scheduling an appointment with us we will send you a detailed letter of items to bring to the meeting. Here is a sample of some of the things we will ask for: Social Security statements, 401k balances, pension benefit amounts, brokerage statements, debt balances and a few other items.
How do you charge for your services?
We charge a fee for the management of your assets. The fee is based on a number of assets that we are physically managing. At our first meeting, we will detail the exact cost to you.
Are there any long-term contracts?
There’s no long-term contract to work with TRPG. You could elect to work with us for one day and then terminate the relationship.
Should we elect to work with you, where are our assets actually held?
Your assets will be held at Charles Schwab. The Retirement Planning Group never takes possession of any of your assets. This provides a custodial layer of protection for your assets.
How often do we meet?
We get together for a face-to-face meeting once a year (at a minimum) – and more often should situations arise throughout the year. You will also hear from us if there are material changes that will be made to your portfolio, in addition, advisors reach out to clients to connect regularly. We also do several client appreciation events each year.