TR Financial Mgmt Group
Paul Kluskowski is an Investment Manager with TR Financial Management Group. He focuses on providing wealth management and protection solutions for members of the nuclear power industry along with other high-net worth individuals and families. Together with his business partners and network of expert professionals, Paul helps affluent clients with the most important aspects of their financial lives: wealth preservation, tax mitigation, wealth transfer to heirs, asset protection and charitable giving.
Paul joined the financial services industry in 1999. Since that time, he has developed and honed his strategies for serving his clients’ best interests. Using a consultative and collaborative process, Paul develops a set of customized recommendations for each client’s unique needs. When working with Paul, investment management is only the beginning.
Nuclear power professionals and other successful people and families work with Paul to do the following: a) engage the capital markets in a risk-moderated manner, including use of statistically-derived strategies, b) make more sound financial decisions in today’s ever-changing, always uncertain political, economic and social environments, c) obtain an independent opinion from a seasoned, financial professional.
Paul spent four years with Morgan Stanley at the downtown Washington, DC office where he was a 3-time National Sales Award winner. He joined TR Financial in 2003 and became a partner in 2008. In his career, Paul has had the opportunity to successfully guide his clients through two significant bear markets. With an ever-alert eye on his clients' accounts, market risk management and mitigation has become one of Paul’s specialties. Paul is the former host of KDWA’s Money Matters. Lastly, Paul has had a number of articles published in Working Money, Options Trader, and Technical Analysis of Stocks and Commodities magazines. Most recently, Paul published his first book: The Game Changer's Guide to a Better Financial Life. You can find it on Amazon.com.
Paul has a passion for fostering abundance, sustainability and self-reliance in all aspects of life, not just financial. He is an avid vegetable gardener and supporter of the Driftless Organics CSA program. As a 25-year nuclear power veteran, including 8 years as a licensed operator, Paul is a proud member of the Professional Reactor Operators Society. He lives in a small Minnesota town with Lisa, his wife of more than 20 years, and their hound dog, Sammy.
BA, Physics and Math, Andrews University
Assets Under Management:
Past performance is no guarantee of future results. This material is provided for informational purposes and is not intended to provide specific investment advice. Rather, it is intended to be educational and supplemental to an ongoing Investment Advisory relationship. It contains our current opinions and those are subject to change.
Information and graphs are derived from sources deemed to be reliable, but are not guaranteed. Investing involves risk, including but not limited to loss of principal. This is not a solicitation to buy or sell any security, strategy or product. And, the principals, associates and/or employees of T/R Financial Management Group, LLC may have positions in any or all of the securities mentioned.
TR Financial Management Group, LLC, is a registered investment adviser in the State of CA, DC, GA, MA, MD, MI, MN, OR, VA, WA, WI. The adviser may not transact business in states where it is not appropriately registered, excluded or exempted from registration. Individualized responses to persons that involve either the effecting of transaction in securities, or the rendering of personalized investment advice for compensation, will not be made without registration or exemption.
Warren is generally opposed to paying dividends due to the double taxation that results: corporate level and investor level. He prefers to retain the cash and reinvest it as he chooses. In essence, Warren seeks to generate capital gains with his company's cash. Those gains receive a lower tax rate (for long-term gains) than do dividends which are sometimes taxed at the ordinary income rate. I hope that makes sense!
You have clearly thought through the financial aspects of retirement. I recommend that people also give due consideration to the where and what of retirement. In essence, where will you live and what will you do? It is amazing how people can settle into time-passing routines that do not necessarily bring them fulfillment. So, start exploring! Visit some different communities and try some new hobbies and pastimes. These can do a great deal to boosting the quality of your retirement experience.
Check with a mortgage broker rather than a traditional bank. Sometimes, the brokers have access to a variety of lending options not widely available through a regular bank. Another route may be to find a private lender to make the mortgage for you. There are people who lend in return for a lien on the property. Obviously, you need to have a lawyer to assist with this option to ensure that you are protected, but it can be viable for some.
As a college student, the best advice I can offer is to avoid student debt as much as possible. I have seen many people who accumulated 6-figure loan balances through college. This is a strong, financial headwind to face when you begin working. Rather, find ways to work through college and pay your way as you go. It may not be easy at times, but it will be worth it in the long run. After that, make it a point to under spend your income. Put away at least 5-10% per year for your future. This, too, will help prevent debt from accumulating in your financial life. Don't let compound interest work against you. Best of luck to you!
It is my understanding that a person on disability has limits to the amount that can be in one's savings account without risking a reduction in the disability payments. I also understand your desire to have some funds working for your future. I would recommend finding an attorney who specializes in Social Security disability benefits. These attorneys typically advertise their services so one should be relatively easy to find. This would be the best professional (my opinion!) to talk to about this question. I would guess that even 1 hour of an attorney's time would not be too costly and yield some great insights. You may be able to put some funds into an annuity with an insurance company but that may count as savings. Best to consult those with the detailed knowledge first, then proceed. Good luck to you!