Kathryn Hauer

CFP®, EA
Personal Finance, Retirement, Taxes
97%
Helpful
203
Answers
25
Articles
238
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“Kathy, author of "Financial Advice for Blue Collar America," helps you plan and manage your money while teaching you about financial matters and financial safety. She was named one of Investopedia's Top 100 Financial Advisors of 2018.”
Firm:

Wilson David Investment Advisors

Job Title:

Financial Planner

Biography:

I fix things. My specialties are financial planning, financial literacy education, taxes, and investment advice, but over my 30-year career, I've been able to help people fix problems with money, construction projects, meetings, sentence construction, culinary disasters, and academic difficulties.

I wish I were like Samantha of the TV show Bewitched and could just twitch my nose to repair everyone's problems. Unfortunately, no magic erupts when I twitch my nose. I help clients using my knowledge, experience, and hard work...although I like to think that our working together has its own magic. My work as a lecturer, teacher, copy-editor, writer, presenter, negotiator, researcher, and office manager in a diverse cross section of business, educational, and government organizations has helped me gain the depth of knowledge needed to advise my clients in all aspects of sound financial planning and investment. I have been described as a fast, cheerful, flexible worker who rapidly resolves unexpected problems and project difficulties. I manage work quality and time based on guidelines provided and use my talents to provide customers with top-notch service.

As a champion for financial literacy, I speak at high schools, libraries, career fairs, churches, businesses and community groups - anywhere I can get a platform! - to raise awareness about financial knowledge and safety. I recently published "Financial Advice for Blue Collar America" which offers guidance on basic concepts of money including insurance and taxes, financial traps to avoid, how to pay for college and tech school, and info about the bright future ahead for blue collar careers.

Education:

BA, College of William and Mary
MA, College of William and Mary
MBA, University of South Carolina

CRD Number:

6380680

Disclaimer:

By choosing to work with this Advisor, you acknowledge that neither Wilson David Investment Advisors nor this Advisor makes any representations or promises that the services you receive are appropriate for you and your business or guarantees any specific outcome or results. Wilson David Investment Advisors does not guarantee the suitability of the Advisor for your particular needs and does not endorse the advice and services rendered by any Advisor. Wilson David Investment Advisors is a registered investment adviser registered in South Carolina and GA through FINRA. Any commentaries, articles or other opinions herein are intended to be general in nature and for current interest. All content on this website is presented as of the date published or indicated, and may be superseded by subsequent market events or for other reasons. All investments involve risk, including loss of principal invested.  The answers presented on Ask an Advisor should be considered general information presented to inform the public. They are based on the information provided in the question, which may have omitted important details that would have changed the answer had they been known. Please consult a financial advisor before concluding that the information is relevant to your own situation.

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    Debt, Personal Finance
Should I take a personal loan to pay off high interest credit card debt?
100% of people found this answer helpful

Hi – good for you to want to get your debt down and shake off 26 percent interest. It is so upsetting to have to worry about that. I know that you are doing your best to manage your money, pay down your debt, and cut expenses. It’s so hard to do because life is very expensive and wages are low.

I can see your wise thinking in wanting to cut your interest rate a bit, and that is smart. However, I’m worried about two things. First, if you were going to take a new loan out, I don’t know if it would be a good idea to ADD debt to the debt you already have by taking out $10,000 – it would make more sense only to borrow only the exact amount you need to pay off the $7,500, not borrow an additional $2,500, especially at the high rate of 17.8%.  Secondly, the new loan you are thinking of getting is still at a very high interest rate – 17.8%. It certainly is better than 26% but it’s not a great rate.

So, I would advise that you not take out the loan. If you cannot cut expenses any more, is there maybe a way you could pick up a bit of extra work? Even temporarily? If you could bring in a bit extra cash, you can use that to work off the $7,500 debt. If you worked more, too, you’ll be spending less as well because you will be at work.

Finally, when you do pay off those 3 cards, it would be better not to close them since 10% of your credit score relies on the length of your credit. However, if you find that you use them and are tempted to rack up more debt, you'd be better off closing the accounts because if you use the credit cards and don't pay them off, your credit utilization rate goes up and that negatively affects your credit score, too.

This is such a hard thing, and I so hope that there is a way to reduce and then get rid of your debt.  Best wishes to you.

4 weeks ago
    Debt, Personal Finance
Should I postpone attending college to pay off my current debt, or go further into debt to pay for school?
100% of people found this answer helpful
last month
    Retirement, Retirement Savings
With only $192,000 saved, should I retire or not?
100% of people found this answer helpful
last month
    Military / Veterans, Estate Planning, Investing, Real Estate
Can I invest in real estate while young and in the military, and if so, how can I manage my investment while deployed?
100% of people found this answer helpful
last month
    Mutual Funds
What is the difference between exchange-traded funds and mutual funds?
91% of people found this answer helpful
September 2016