High Point, NC Financial Planner

High Point is a city with a focus on community, economic development, education and the outdoors.  High Point boasts gorgeous community parks and education centers including the High Point Public Library and High Point University.  The community has a shared history and shared vision.  At Wisdom Wealth Care we share these values of education, community and development.  We are proud to serve High Point’s community and its residents in reaching their financial goals.

Wisdom Wealth Care is one of the leading wealth management teams in the Triad area. We utilize a holistic approach to financial planning and wealth management. Our comprehensive financial solutions help our clients grow, safeguard, and enjoy their wealth. Through a combination of proven capabilities and experience, we create and implement a financial plan and wealth management strategies designed to help our clients pursue their financial goals. From addressing their perfect retirement to choosing the investments that are best for them we aim to assist our clients in their pursuit of true financial peace of mind. 

We believe that better decisions lead to better outcomes.  We use robust financial planning software, filtered through our decades of planning experience to help guide the path forward.  Part of our financial planning process is helping our clients make better decisions to give themselves the best chance for overall financial success.  Anytime our clients face a critical financial decision, we help them think through options and help them make the best decision in their unique circumstances.

We believe the best investments are those that are simple and effective.  We use strategies supported by long standing and ongoing academic research to build portfolios that are effective, straightforward and understandable.  Any investment you do not understand is one you are more likely to sell when markets go down, making it a bad investment.  We are guided by the principle that the best investment for you is the one that gives you the best chance of successfully reaching your financial goals. 

We believe retirement, also known as the work optional lifestyle, is one of the primary financial goal for most of our clients.  We have specialized our practice in providing guidance on the important issues of: When will I be able to retire? What should I invest in? How much should you save for my retirement? How much can I spend in retirement without running a risk of running out of money? This finding a balance between spending now and investing for retirement. We want you to have confidence that your future will be safe, while not scrimping so much that your present is unpleasant. We use strong software and decades of shared experience to give individualized, data driven guidance on how to have a successful retirement, whatever that means to you. 

We believe everyone needs an estate plan.  It is not an ‘if’, but rather ‘when’ you will die or become disabled, and your estate plan becomes essential. We realize that protecting your legacy is important to you and your family.  As a part of our process, we get to know you and those important to you. When the time comes for someone else to handle your financial and personal affairs, everything runs as smoothly as possible. We partner with The Law Offices of Cheryl David to ensure your wishes are followed.

We believe in protecting what is important.  No plan is complete without at least considering risk management.  We guide our clients through managing the risks of untimely death, disability, or extended long term care need.  Insurance is one of the many tools that can be used to mitigate some of these risks.  We help our clients examine what risks they are willing to take, and which risks they would prefer to insure against.

What should I invest in?

• We help our clients invest in an asset allocated, diversified portfolio that is periodically rebalanced. The plan is to provide as much return as possible, considering the amount of risk they are willing to take. 

What should I do with extra money I don’t need right now?

• Typically, we advise our clients with the following hierarchy, assuming they are able to meet basic needs, 1. Build an emergency fund of at least $1,000. 2. If you have an employer retirement plan, such as a 401k, invest at least enough to get the match. 3. Pay down any high interest debt.  4. Build an emergency fund of 3-6 months living expenses. 5. Pay down remaining debt, possibly excluding mortgage 6. Evaluate the merits of the retirement plans that are available, target around 10-15% of your income towards retirement. 7. Evaluate expected short term expenses, such as new car, home down payment or wedding.  Save as appropriate. 
• From here it is hard to generalize, some good things to look into include HSA’s, contribute more to retirement plans, starting your own retirement plan, non-qualified investments, saving for longer term goals, gifting to charity and much more.

If you would like to learn more about our services or have a question, please send us an email at info@wisdomwealthcare.com or give us a call at 336-218-9344.  We look forward to hearing from you!