Richard Feight

CFP, EA
Retirement, Investing, Small Business
71%
Helpful
21
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4
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  • East Lansing, MI
  • 888-283-1392
  • www.iam-financial.com
“I help self employed business owners and professionals organize their finances so they can retire on time.”
Firm:

IAM Financial, LLC

Job Title:

Managing Member

Biography:

In the 7th grade I knew that I wanted to work with money, like my dad. In 1997 I received a bachelors in finance from Michigan State University. In 2001 I became a Certified Financial Planner because CFPs are the standard for giving financial advice.

The longer I worked in the industry, the more I heard about a group that had an even higher standard - NAPFA. NAPFA, or the National Association of Personal Financial Advisors, has the most stringent membership requirements of any association in my profession. They offer truly comprehensive, fee-only Fiduciary advice with no commissions, surrender fees, or hidden fees. That's why out of the more than 800,000 individuals in the country who claim to be financial advisors/planners, less than 2500 qualify for NAPFA. Because of my love for organizing, and desire to be a part of an even more prestigious group, in 2004 I became a NAPFA Registered Financial Advisor. 

To further enhance my specialty of working with retirees, in 2011 I added a tax service and became an Enrolled Agent with the Internal Revenue Service. Only Enrolled Agents, attorneys and CPAs may represent taxpayers before the IRS. This added service makes it easy for my seniors to have their planning, investment and taxes done in one location.

I currently serve as the membership director for the Midwest Board of NAPFA and on the Strategic Communications Committee for the Small Business Association of Michigan.

In my free time, I enjoy playing golf, teaching Yoshokai Aikido to kids and adults, and working on a personal finance blog, called Thinking Beyond Numbers, that’s changing the way the world thinks about money.

Education:

BS, Finance, Michigan State University

Fee Structure:

Asset-Based
Fixed

CRD Number:

2883774

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Vanguard ETFs are a great way to get exposure to US markets at a low cost. They will also give exposure to currency here in the US. Because they don't offer commissions or other fees, many advisors don't suggest them unless they charge a fee to manage, like I do.

As for dividend versus growth, if it's in a taxable account, I usually prefer growth to avoid extra taxes on dividends each year. Of course, check with your accountant to determine if this strategy fly's in Canada too! 

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