Personal Financial Planning

Money management inside your chosen lifestyle.

Financial Planning is a process and not a "one time fix." As individual goals, jobs, and situations change so should your financial plan. Creating & Managing Wealth representatives will meet with you one-on-one to ensure that your current plan matches your goals and continue to work with you through the coming years.

To meet the demands of the future you need more than just one option - you need a complete portfolio and many different services!

Creating and Managing Wealth representatives offer the solutions you need for retirement.

• 403(b) / Educator 401(k)
• ROTH IRA / Traditional IRA
• Mutual Funds
• Estate Planning
• Partial Lump Sum Option (PLSO)
• Tax Analysis and Preparation
• Pension Maximization
• Long Term Care Insurance
• Rollover IRA / 401(k)
• Tax Sheltered Annuities
• Retirement Projection
• Buying Back TRS Years
• Insurance Analysis
• 529 College Plans

Selecting a Financial Planning Representative
Choosing the right representative is very important. You need to be comfortable with your representative and his or her recommendations, and you need to feel you can work with that representative for a number of years. The recommendations made by your representatives can mean the difference between a comfortable retirement and the less pleasant alternative.

Use common sense in choosing your representative. A good rep will gladly answer questions, take a look at your complete picture and offer investments accordingly. High pressure sales tactics are inappropriate for an enrollment in a financial product. What you need is information, and the best representatives either have the information you need at their fingertips, or will quickly obtain it for you.

An integrated financial planner provides the education and insight necessary to ensure financial freedom and security.

• Financial Planning
• Insurance Planning
• College Planning
• Estate Planning
• Tax Planning
• Retirement Planning

Make sure they are fully securities registered and insurance licensed to sell all products and that they are not a captive agent for an insurance company. Your financial advisor should hold a Series 6 or 7 and a Series 63, 65 or 66. In the case of the latter, you will be limited to that company's products. When you are mapping out your future you want as few limitations as possible.

How are Representatives Compensated?
Your representative is paid by the insurance or variable annuity company for each product sold. Quite often, first year compensation is higher than in subsequent years, which recognizes the representative's greater investment of time during the initial sale and, for insurance products, delivery of the annuity. Mutual funds charge an upfront sales charge and have 12B-1 fees that you pay. Consult your financial advisor for their exact amount.

Renewal compensation is usually paid to compensate the representative for the annual service work that is required (making changes, giving recommendations, and answering questions). Keep in mind that amounts paid to the representative are financed primarily from the company's spread, described earlier.

There may also be a sales charge or front end load assessed on each contribution. The representative must provide you a prospectus for all mutual funds and variable annuities he/she recommends. They should review with you all risks, fees, and expenses so that you can make an informed investment decision. Please consult your tax advisor regarding your specific situation.

To schedule an appointment with a Creating & Managing Wealth representative call 972.831.8866 (Texas) | 918.622.2422 (Oklahoma).