“As the founder of D.M. Wealth Management, Inc. and commitment to financial planning excellency, Peggy Doviak is dedicated to the fiduciary standard and helping people plan their prosperity!”
Firm:

DM Wealth Management, Inc.

Job Title:

Founder

Biography:

Peggy Frazier Doviak, Ph.D., has been a CERTIFIED FINANCIAL PLANNER™ practitioner and portfolio manager since 2003. An adjunct professor since 2005, currently teaching in the master's of Family Financial Planning program at Oklahoma State University, she has taught thousands of financial advisers in certification courses, including the CFP(r) and CRPC designations, along with graduate courses.

Peggy entered finance in 2003 after her mother was taken advantage of by a stock broker in the dot.com crash, and she has been a financial education advocate her entire career. In 2007, she served on the task force for the Oklahoma State Department of Education’s “Passport to Financial Literacy,” Oklahoma’s financial education curriculum mandate. She is a former member of the Advisory Board for the Journal of Financial Planning and is on the Academic Committee of the Financial Planning Association. She was recently appointed as an advocate for the Women in Finance initiative (WIN) by the CFP Board of Standards, and she is a graduate adjunct professor at Oklahoma State University.

Additionally, Peggy Doviak is a syndicated radio host, public speaker, and author. Her book, 52 Weeks to Prosperity--Ask Peggy Doviak, is being released August 7, 2018, and is available for preorder on Amazon.

Peggy and her husband, Richard, enjoy traveling. She loves her cat, Pumpkin, and her horse, Maggie.

Education:

PhD, Education, University of Oklahoma
MS, Finance & Financial Analysis, College for Financial Planning
MA, Creative Writing, University of Central Oklahoma

Assets Under Management:

$20 million

Fee Structure:

Fee-Only

CRD Number:

4608727

Disclaimer:

Investing is risky, and you can lose money. Consult your CPA, attorney, or CERTIFIED FINANCIAL PLANNER(tm) practitioner, as your situation may be different than the questions and articles you are reading.

All Answers
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    College Tuition, Debt, Personal Finance
Is it smarter to pay off the $7,500 balance on a home equity line of credit (HELOC) at 5% interest, or pay off the balance on two credit cards?
100% of people found this answer helpful

This is a complicated question because both debts would be nice to eliminate! It would save money to pay off the HELOC first since most of your credit card debt is at zero interest. Is there a way you can pay the card off before you lose that six-month rate? If so, that should be a high priority. Additionally, I'm assuming that you could access the HELOC again in August to pay the tuition if you had no other option. You want to check the terms of the HELOC. If it is a fixed rate of interest, you know that 5% is locked in place; however, if it is a floating rate, the rate could rise in a rising interest rate environment, like the one we are currently in. This would be another reason to pay off the HELOC as soon as possible. Finally, credit card debt is unsecured debt, while a HELOC is backed by your home. If you were in a severe financial emergency, unsecured debt is better than debt attached to an asset you wouldn't want to lose. Finally, remember that sometimes, paying even small amounts toward debt really make a difference. Don't feel like you shouldn't make a payment on the credit cards if it isn't substantial. Even adding $20-$30/month can make a big difference on debt reduction over time! 

March 2018
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Is it too early to start a portfolio for my one-year-old child, and would it be better to start off with a stock or a bond?
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June 2018
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What strategy should I use to attempt to pay off both my secured and unsecured debts at the same time?
67% of people found this answer helpful
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