Dave Rowan

CFP®
Investing, Small Business, Lifestage Based Planning
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“Dave Rowan, CFP®, is committed to helping business owners, career changers and people nearing retirement navigate their wealth transitions with confidence and financial security.”
Firm:

Rowan Financial LLC

Job Title:

Founder, President

Biography:

Dave Rowan, MBA, CFP® is the founder of Rowan Financial, LLC.  His mission is to enable his clients to achieve a future that is even brighter than their past and present.

 Dave primarily attracts clients who are contemplating or experiencing a career transition.  This includes moving from one employer to another while remaining in the same field, pursuing an entirely new profession, starting up a small business or embarking upon an encore career.  Dave provides his clients with the short-term guidance necessary to successfully navigate these often stressful transitions with more confidence and financial security than they had ever imagined was possible. 

 Dave transforms the lives of professionals and entrepreneurs across the country with his expertise through his free online newsletter and blog.  Each issue contains high value content that enables readers to make the most of their career transitions, not only from a professional development standpoint, but also in terms of their financial and personal goals.

 Dave is a Certified Financial Planner® and is also a member of the Financial Planning Association® (FPA®).  His background also includes a BS degree in Chemical Engineering from Penn State and an MBA from Lehigh University.

 Dave is a sought after expert in the financial news media.  He has been featured in various online publications including US News & World Report, NASDAQ.com, The LA Times, Yahoo! Finance,  Investopedia, and The Christian Science Monitor.

 Dave grew up in the Lehigh Valley of Pennsylvania and has lived in the area for most of his life.  He currently resides in Bethlehem with his wife Stacy and their two daughters.  He loves walking and hiking in nature, football, lacrosse, yoga, reading, writing, shopping at local farmers’ markets, eating healthy food, an occasional battle on Clash of Clans, and bringing positive energy to his work and his relationships with family and friends.  

Education:

BS, Chemical Engineering, The Pennsylvania State University
MBA, Management of Technology, Lehigh University

Fee Structure:

Fee-Only

CRD Number:

5553570

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  • Dave Rowan | Rowan Financial
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January 2017
    Career / Compensation, Retirement Savings
July 2016
    Retirement, Retirement Living
April 2017
    Investing
November 2016
    Retirement Savings, Starting Out
April 2017

All Answers
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    Investing, Annuities
Should I cash out my variable annuity to avoid high fees?
100% of people found this answer helpful

You are asking all the right questions now that you are out of the surrender charge period for this annuity  I'd need to look at the annuity as well as speak with you about the remainder of your personal finances and goals to offer specific advice.

However, here's some general advice for people in similar circumstances:

Your instincts are good to be questioning the value here. High fees coupled with mediocre investment performance often make annuities a bad deal. For a more detailed explanation of this, you can check out my perspective on annuities by visiting the attached link:

https://rowanfinancial.com/buy-annuity-7-reasons-look-leap/

With that said, we're in somewhat of a "spilled milk" situation here because you've endured the bad part of owning an annuity and now are entering the good phase, which is starting the guaranteed cash withdrawals. By my math, a $1,900 a year withdrawal on the current cash value of $32,000 is a decent 5.9% guaranteed return which is really pretty good in today's ultra-low interest rate environment.

For now I'd hang onto the annuity but think about unloading it in the future if:

1.) We have a MAJOR stock market correction of 40% or more and you can buy into stocks at a significant discount versus current levels.

2.) Interest rates significantly rise and better guaranteed options present themselves.

Good luck with this decision and I wish you the very best in your retirement!

With Kind Regards,

Dave

October 2016
    Investing, Stocks
What market or stock is going to provide an immediate return?
100% of people found this answer helpful
October 2016
    Career / Compensation, Financial Planning, Exit Strategy
Should I stop working?
100% of people found this answer helpful
September 2016
    Banking, Financial Planning
What are the pros/cons of using a taxable investment account?
100% of people found this answer helpful
September 2016
    Financial Planning, 401(k)
Should I pay off my mortgage by withdrawing from my 401k?
100% of people found this answer helpful
July 2016