Patrick Logue

CFP®
Personal Finance, Retirement, Investing
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“Pat Logue CFP® is passionate about helping families save FOR College and ON College while keeping an eye on Retirement Planning and/or paying off student loans.”
Firm:

Prudent Financial Planning

Job Title:

Owner/Financial Advisor

Biography:

Patrick Logue, CFP® professional, is a fee-only Financial Advisor and founder of Prudent Financial Planning LLC.  He specializes in College Planning and has completed the Capstone College Partners Course in College Planning.  Pat is passionate about helping families plan for college while working towards retirement.  He is a member of the National College Advocacy Group (NCAG), XY Planning Network, and National Association of Personal Financial Advisors (NAPFA).  With 20 years of experience in financial services, including 3 years in the Development Office at a non-profit, Pat is intimately familiar with Investments, Tax Planning, and Charitable Giving Strategies.  Pat also provides expertise in Wealth Management, Inter-Generational Wealth Transfer, and Estate Planning.  He enjoys hiking, running, coaching, and spending time with his wife, Erin, and their 2 children. 

Assets Under Management:

$6 million

Fee Structure:

Monthly Fee
Hourly Fee
Project-Based Fee

CRD Number:

4589561

Insurance License:

#W395385

Disclaimer:

Disclaimer: Prudent Financial Planning LLC (“PFP]”) is a registered investment adviser offering advisory services in the State of Florida, Illinois, and in other jurisdictions where exempted.  Registration does not imply a certain level of skill or training. The presence of this material on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state by PFP in the rendering of personalized investment advice for compensation shall not be made without our first complying with jurisdiction requirements or pursuant an applicable state exemption.

All written content on this site is for information purposes only. Opinions expressed herein are solely those of PFP, unless otherwise specifically cited.  Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness.  All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.

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    Debt, Investing, 401(k), Stocks, Taxes
How should I balance investing with paying off student loans, credit card debt and a mortgage, as a 25-year-old?
100% of people found this answer helpful

This is an interesting scenario.  It seems that your debt to income ratio is too high.  How much is your home worth?   Also, your assets to liabilities ratio is bit low as well (I assumed a home value of $500,000).  It would be helpful to take a look at your monthly expenses and net income.  What type of student loans do you have that are 12%?  That seems quite high.  Taking a loan from your 401(k) would not be my first option.  Please read through your plan details to review their policy on loans.  I have a few options that could potentially save your $17,000 in interest on your loans and could potentially help pay off your debts 71 months sooner.  But, I would need more information before I can make an actual determination.  This is just my best estimate using the information at hand, guessing a few numbers, and extrapolating.    

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    Investing, Asset Allocation, Choosing an Advisor
Should I keep money in a high yield savings account until it is to be invested?
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4 weeks ago
    Debt, Social Security, Investing, Real Estate
Should I pay my house off with the money that I have or keep the money in my investment accounts?
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5 weeks ago
    Mutual Funds
Is a front load of 4.5 percent a normal percentage when purchasing mutual funds?
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Should I change my asset allocation strategy?
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