Bedrock Investment Advisors
President, Financial Advisor
Jeff Boettcher graduated from Miami University in Oxford, Ohio, which has one of the nation’s premier public business schools. Jeff began his career in the financial services industry at the Chicago Mercantile Exchange (CME) in Chicago, specializing in currency futures and options. Knowing that rapid advances in technology were quickly reshaping the commodities markets, and because of Jeff’s desire to help educate those he comes in contact with, Jeff left the CME and began a practice helping wealthy retail investment clients manage their investments and estate plans.
As Jeff’s business and practice expanded, he worked with several corporate Investment Firms culminating at the Private Bank of Wachovia Securities (now Wells Fargo Advisors). With the unique insights, Jeff’s experiences brought and as a top-producer at each institution he has been a part of, Jeff took the opportunity to create the Boutique Investment firm of Bedrock Investment Advisors, LLC, providing objective advice and counsel to clients who value a close working relationship with their primary financial advisor.
Jeff's primary focus is helping clients grow and protect their wealth through Bedrock Investment Advisors, but he has proven indispensable to other financial professionals who have affiliated with his other companies BWM Advisory, LLC and Bedrock Financial Services, LLC. The clients who hire Jeff will find him attentive, and "education" focused. Jeff believes that clients can make wise investment and financial decisions with through a better understanding of the markets and regulations and attempts to find the most efficient portfolio for each client's unique retirement goals. The Financial Professionals who affiliate with Jeff's companies do so because of his ability to help them grow their business and provide better solutions to their clients.
Jeff Boettcher is also a published author and consistent contributor to PSRetirement.com, Retirement.News, and Business.com.
Outside of work Jeff enjoys hiking, golfing, and spending time with his wife and growing family.
BA, Finance, Miami University (Ohio)
Assets Under Management:
For informational purposes only. Articles and/or information shared are not to be considered investment advice nor an offer to buy or sell securities. Investment advisory services offered through BWM Advisory, LLC. Insurance services offered through Bedrock Financial Services, LLC (BFS). BWM Advisory, LLC d/b/a Bedrock Investment Advisors is registered as an investment adviser with the SEC and, along with BFS, only conducts business in states where it is properly licensed, notice filed or is excluded from notice filing requirements. Registration is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability.
Behind the Eight-Ball. Maximizing your 401(k) at this stage will be tough, but there are mechanisms you can and should engage in. Starting this late in your life makes Compound Interest (which Einstein called the 'Eighth Wonder of the World') less effective. However, you still have your company match, and that is likely going to be the most beneficial part of your 401(k) plan. Put as much into your 401(k) as you can but certainly consider putting in the amount that allows you to take full advantage of your company match (sounds like you already are - excellent). Now - let's talk about your Social Security claiming strategy. Your Social Security is likely a much more important part of your question and comment above. Sounds like you are going to have limited means when you retire and my suggestion about claiming your Social Security Benefits (SSB) in August is simple - DON'T. Don't claim your SSB this early. Obviously, there are extenuating circumstances that might make cause you to need that money today, but your SSB is going to be an incredibly large part of your retirement income. Allowing your SSB to continue to compound over the next several years while earning 'Late Retirement Credits' through Social Security, will provide you with more income when you finally retire (the amount you will earn from Social Security will continue to increase until you are 70). Consider the fact that you're currently earning an income from your employer and your income will also cause your Social Security Benefits to be taxed at a higher rate suggests that you should wait to claim your SSB's until you are much closer to retirement (possibly as late as 70).
To Robo - Or Not to Robo... Time and expectations are key. The fact that you are asking questions through a generic forum suggests that the Robo-solution may not be the best answer for you. A Robo-solution may be best suited for someone who already has the answers they need and are simply looking for a particular portfolio implementation tool. Robo-solutions still fall short, at least in my opinion, of providing holistic advice to clients. The fact that you ask a rather general question, without going into detail about your needs (current, near-term, future, etc.) means that you may not fully understand what questions you should be asking - much less the answers to those questions. You could gain this knowledge through education, etc., but you might not be a perfect fit for the Robo solution at this time. Your son, on the other hand, has the benefit of a longer investment time horizon. Therefore he won't be as heavily punished should he fail to make the best investment decisions. His relative youth is a huge advantage to him and allows him the opportunity to save and invest less precisely - making up for certain mistakes as he ages and saves more. You, on the other hand, have fewer years and less opportunity to recover should you make mistakes implementing your retirement plan. In short - If you need answers to your questions, then you should begin your search for a knowledgable professional who can help you find the answers (and the questions) that you need.