Monthly Archives: March 2016

Clark Hourly Financial Planning: Open Position in St Louis

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Exciting news! Our St Louis based company is growing therefore we are looking to add a part-time administrative assistant to our team.

We have engaged an employment search firm to help us identify and hire the right candidate. If you have an interest please submit your resume directly to Executive Business Solutions     to the attention of Amy Whitten.

We are not taking phone calls or resumes directly at Clark Hourly Financial Planning because we are busy helping our wonderful clients.  Thank you for understanding.

Are we a match? Here is a little bit about us and a little bit about the type of person we are looking for.

We are located in Chesterfield Missouri.

We are Fee-Only Financial Advisors which puts us in a select group.   We are paid only by our client.  We do not accept any other compensation such as commissions or referral fees.  Our independence ensures no outside influences affect our recommendations.  We don’t just offer investment management .  We also create highly customized financial plans on an hourly planning / project basis, a rare, but sought after service.

That’s enough about us, what about you?

Some of your responsibilities would include

  • Greet our clients as they arrive for appointments
  • Answering the phone
  • Process daily mail
  • Set appointments with clients and prospective clients
  • Scan documents, complete paperwork and new account forms
  • Filing, shredding
  • Returning client and prospective client calls
  • Researching customer service questions
  • Assist with creating and sending monthly email newsletter

Qualifications

  • Strong Microsoft Excel, Word, Outlook skills
  • Excellent communication skills
  • Great follow through
  • Positive and upbeat.
  • Previous experience in the industry a plus, but not required
  • Familiarity with Redtail, Morningstar Advisor Workstation, MoneyGuide Pro, Mailchimp a plus, but not required

 

This is a part time position, for 15 to 21 hours per week, depending on the candidate’ s availability. We will work with you to set up a fixed schedule with your input.  Perhaps you would like to work 3 days a week.  Or maybe you would like to come into the office after you put your children on the bus and be home when they get off the bus; in that case you might want to spread your hours over 4 days.  Or perhaps you are thinking of retirement and looking to work part time so you can spend time with grandkids, friends, and hobbies.   The idea is to work together to create a schedule that fits your needs and takes care of our clients.

For more details about this position and/or to submit a resume go the page set up for this open position by clicking on Executive Business Solutions  .  Submissions should be directed to the attention of Amy Whitten.

If this is not the right fit for you, please spread the word.  Thank you!

 

Michele Clark in the News: St. Louis Post Dispatch about Retirement

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In the St Louis Post Dispatch article “Gallagher: Can You Afford to Retire?” Jim Gallagher discusses a recent report by the Government Accountability Office (GAO) that estimated how much of your pre-retirement income one would need for retirement spending. I shared my experience with helping pre-retirees plan for retirement and how surprised people are by how expensive healthcare can be in retirement. Especially when you look at the impact that inflation has on it over time.  I also shared the figures I used when planning for retirees who do not have employer provided retiree healthcare.

Healthcare expenses are a significant portion of retirement spending and can prevent people from being on track for their retirement goals. In order to get on track you usually have to make adjustments such as;

1) increase the amount you are saving toward retirement, or

2) consider a later retirement age, or

3) spending less on other financial goals in retirement

or some combination of those three variables in order to reach your most important financial goals in retirement.

Jim also included information that I shared with him about the most common mistake I see when potential clients come in and would like me to double check their math to see if they can afford to retire. It is that they have added up their sources of income such as portfolio, Social Security, pension, etc. and compared it to their expected expenses their first year of retirement and since the two numbers (income verses expenses) finally match up they think they can afford to retire.  I know that that is a dangerous assumption because I have run so many financial plans and I have a lot of experience seeing the impact of inflation therefore I know that in a few years the income sources will not be covering the expenses due to the different inflation assumptions for income sources versus expense items.  For example Social Security income we assume will inflate at 2% while healthcare expenses we assume inflate at 6%.  The better course of action is to run a Monte Carlo analysis to determine if your money will last a lifetime and if not what changes to the three variables listed above would need to be made.

Some clients that initially hire me discover that they are already on track to make all of their retirement needs, wants, and wishes come true. But for most folks, we must create a plan with action steps to get there.  I have noticed that some people who thought they were on track were not, and some people who thought they were not, were.  Give yourself enough years before you would like to retire so that you can create the retirement for yourself that you deserve.  Especially considering what you now know about healthcare expenses and inflation!