Patrick Strubbe

ChFC, CLU, RFC
Retirement, Investing, Lifestage Based Planning
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  • Columbia, SC
  • 803-798-1988
  • www.SCPreservation.com
“Pat Strubbe, best-selling author of "Save Your Retirement!", has a passion to help Americans achieve retirement with confidence.”
Firm:

Preservation Specialists, LLC

Job Title:

Founder and Owner

Biography:

Patrick (Pat) Strubbe is the founder and owner of Preservation Specialists, LLC, established in 2003. Pat and his team offer a dynamic process that integrates their clients' financial resources with their vision of personal fulfillment and security. Since 1997, Pat has been teaching consumers age 50+ how to preserve their assets and increase their income through the use of tax efficient strategies.

Pat vividly remembers being in high school and how his grandfather’s need for nursing care at that time affected his entire family. His mom having to handle the bills and coordinate payments, his grandfather having to depend on someone else to take care of him both physically and financially — the entire situation wore down the family. This experience is what gave Pat the desire to help people attain their financial goals and avoid the problems his family faced.

A well-known financial educator and retirement planning specialist, Pat is a recurring guest on the WIS (NBC)-TV news with anchor Dawndy Mercer Plank. He also was the financial columnist for the Lexington Chronicle for many years and has been featured in USA Today, Columbia Business Monthly, Investor’s Business Daily and other national publications. He has been a featured guest on numerous radio shows around the country and is often recruited as an area "expert" in the field of retirement planning. He is the host of the show “Retirement with Confidence” on WVOC and author of the Amazon.com best-selling book, “Save Your Retirement from Mass Destruction by the 7 Retirement Villains!” His professional designations include Chartered Financial Consultant (ChFC), Chartered Life Underwriter (CLU) and Registered Financial Consultant (RFC).

Pat lives in Columbia, South Carolina, and is married to his beautiful wife, Janelle, who works as a nurse. He is the proud father of three children: son Carter and daughter Ava are students at Dutch Fork High School, and baby Gabriella is enjoying time at home with her mom and dad. Plus, he and his family are excited to announce that Pat and Janelle are expecting a girl later this year!

Pat enjoys watching NBA basketball games with his friends and family. He loves to see his favorite team, the LA Lakers, whenever he can, and has fond memories of watching the Lakers in the era of Magic Johnson from his youth. Pat also is an active member of Hope Lutheran Church in Irmo, where he has served as an elder of finances since 2003.

Education:

BS, Accounting, Purdue University

CRD Number:

2845724

Disclaimer:

Securities offered through Kalos Capital Inc. and investment advisory services offered through Kalos Management Inc., both at 11525 Park Woods Circle, Alpharetta,Georgia, 30005, (678) 356-1100. Preservation Specialists, LLC is not an affiliate or subsidiary of Kalos Capital Inc. or Kalos Management Inc.

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    Investing, End of Life
Should I cash out my investments or continue to invest?
100% of people found this answer helpful

I'm very sorry to hear about your long-standing illness. Regarding investments versus cash holdings, I believe there are two considerations that are important: emergency reserves and diversification.

While there are varying beliefs regarding how much of an emergency reserve to keep, a general rule that I believe to be reasonable is to keep three to six months expenses somewhere safe and accessible (One could argue that you may want to consider a larger buffer if you anticipate needing more funds in the short term due to your illness). This will typically mean finding some type of checking, savings, or money market account for these funds. While this type of account will most likely pay little to no interest, it will keep your money safe and available if you need it on very short notice.

Once you have funded your emergency reserve, next you can consider your investments, which certainly could include dividend paying stocks. We love the endowment style model of investing. If you review how Yale, Harvard, and other large endowments invest, they typically are diversified into many different types of holdings and asset classes. The goal of course is to reduce the risk you would take having all your money in one type of investment.

I hope that this helps you determine the best mix for you!

September 2016
    Retirement, Life Insurance
Is it ever a good idea to cancel or terminate a life insurance policy?
100% of people found this answer helpful
6 days ago
    Investing, Life Insurance
What am I missing when an agent tells me I have a guarantee of zero loss with an IUL?
100% of people found this answer helpful
2 weeks ago
    Financial Planning, IRAs
Can I choose the form of payment for my IRA beneficiary?
100% of people found this answer helpful
2 weeks ago
    401(k)
Can I keep my savings in a 401(k) despite my company being shut down?
100% of people found this answer helpful
September 2016