Tommy Sikes

Personal Finance, Retirement, Investing
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“As a Financial Advisor with 14 years of experience, Tommy Sikes is committed to helping clients build, manage, and preserve wealth, manage investments and start a business.”
Firm:

Sikes Capital, Inc.

Job Title:

Owner / Advisor

Biography:

There's a place far, far away from Wall St. It's pleasant and enjoyable. No commissions, no surrender charges and people act in your best interest. Join me...

Tommy Sikes is the owner of Sikes Capital, Inc. in Chapel Hill, NC and has over 14 years of experience in the finance industry. He spent three years selling Wall Street products, until he discovered the simple formula that the truly wealthy use to grow massive wealth and live amazing lives. Now he runs a private wealth firm that helps business owners, investors, and entrepreneurial retirees build the assets, income and lifestyle they always imagined.

It's easy to get lost in the complexity and minutia of investing and building wealth. Tommy and his team help clients keep track of the details while focusing on where they want to go next. They help clients focus on their goals and support their efforts through the good and bad. Tommy  tracks his clients' progress and can provide accountability as they move forward.

Tommy earned his bachelors of arts in Industrial relations from UNC Chapel Hill. Outside of the office, he loves running, soccer and craft beer - usually not at the same time!

Education:

BA, Industrial Relations, UNC Chapel Hill

Assets Under Management:

$9 million

Fee Structure:

Fee-Only

CRD Number:

141509

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    Financial Planning, Investing
How should I invest a lump-sum of my savings?
100% of people found this answer helpful

First, you're a rockstar (in financial land)!

When you say you have a "chunk", is that the $2,500-$5,000? If so, I'd keep that in checking as an emergency fund. And maybe add to it.

I like folks to have a minimum $10,000 in emergency money. Why? Because most true emergencies can be covered with $10K. Some people want more to help them feel better. But it's not necessary.

Once you've got that, sure go with a Roth if you qualify. Max it out at $5,500 and set up an auto pay to max it every year.

If you might start a business in the future (or have the option), you may want to put money aside for that. Maybe in a different brokerage account.

I'm a big fan of Betterment. Not only because they're inexpensive, but their rebalancing and auto-investing features are the best.

Keep up the good work.

Hope that helps!

April 2017
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Does it make sense to invest with Betterment and Vanguard?
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