Summit View Wealth Answers Your Common Questions

What is the difference between Financial Planning and Retirement Income Planning?

A financial plan is designed to focus on the accumulation phase of the work-life cycle, to make sure you have a general, but realistic, target of how much you’ll need after work stops. It also helps ensure that you’re saving and investing enough to hit that target when you retire. Retirement income planning is much more detailed. The process requires a much more granular examination of both your income and expenses. When you are ready to retire, the detail becomes much more critical to the success of your retirement.

What is the value of working with a Retirement Income Certified Professional?

A RICP specializes in crafting a plan for a client’s income stream throughout the distribution phase. There are two distinct phases of a client’s financial cycle. The first is the accumulation phase: when a client is earning and saving money for their future goals. The second is the distribution phase: when a client is no longer earning or saving, but taking distributions to fund their retirement goals.

What is the value of working with an Accredited Investment Fiduciary?

A fiduciary owes a client a duty of loyalty, which means they must act in the best interest of the client. As fiduciaries, our clients engage us in a special relationship of trust and confidence.

Do you offer Retirement Planning refresher courses?

Absolutely! Please let us know if you’d like to retake the course. A schedule of upcoming courses can be found on the Events Schedule.   View Calendar

What is a Self-Directed Brokerage Account (SDBA) within my employer sponsored retirement plan?

A SDBA, or Self-Directed Brokerage Account, is a window inside a company-sponsored retirement plan (401(k), 403(b), 457, etc.) that offers plan participants the option to invest in more than the limited pre-selected company choices.

Access to professional money management, and additional investment options like stocks, bonds, mutual funds, ETFs, etc., allows investors to seek growth through guidance. By investing in additional options outside of the core choices, investors can strive to maximize returns through investments better suited to their goals and risk preference.

What is the 401(k) Optimizer and how do I sign up?

The 401(k) Optimizer® is a simple yet powerful online tool designed to help you easily manage your employer sponsored plan. Designed to assist you in properly allocating your account, our system uses your risk tolerance and long-term goals to create a personalized portfolio, and will recommend changes over time based on market fluctuations.

How is Summit View compensated?

We believe your success in meeting your financial goals starts with a comprehensive, customized financial plan. We start with a free, no obligation, initial consultation to learn more about you and to discuss our services. At this meeting, we quote you a cost for completing your financial plan. In most cases, the cost ranges from $500 to $1,000.

Once your financial plan is in place, Summit View will  help you implement your strategy. When investing assets, we utilize a fee-based advisory platform. This means our compensation is derived mainly from an advisory fee that is charged as a percent of assets under our management, instead of commissions obtained from investment companies for referring their products. This allows us unbiased flexibility to pick the most appropriate strategy for your needs.