“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!”

DM Wealth Management, Inc.

Job Title:



Peggy Frazier Doviak, Ph.D., has been a CERTIFIED FINANCIAL PLANNER™ practitioner and portfolio manager since 2003. An adjunct professor since 2005, she has taught thousands of financial advisers in certification courses, including the CFP(r) and CRPC designations, along with graduate courses for  Masters' programs in financial planning.

Peggy entered finance in 2003 after her mother had a bad experience with a stock broker, 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 public speaker and author with experience in radio and television. She is active in financial literacy initiatives and works to promote the financial planning profession. Her book, 52 Things a Broker Might Not Tell You: Planning Your Prosperity In a Year, is available on Amazon and her website, www.peggydoviak.com. Book Peggy for a talk or workshop if your group wants help in planning their prosperity!

Peggy and her husband, Richard, enjoy traveling. She loves her two cats, Pumpkin and Sandy, and she can often be found with her horse, Maggie, training to be a barrel racer.


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

Assets Under Management:

$19 million

Fee Structure:


CRD Number:



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.

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    Debt, Retirement, Annuities
What strategy should I use to attempt to pay off both my secured and unsecured debts at the same time?
100% of people found this answer helpful

Retirement can be fulfilling, but sometimes, the finances can get very stressful. As you are trying to create a debt reduction plan, I would encourage you to begin by tracking all of your spending for a month or two. I think that cash flow is central to so much of financial planning. You can keep up with your spending any way that works for you--you can jot it down on a notepad or keep it in an Excel spreadsheet, or use a budgeting software. The trick is writing down everything--where did you spend it, and how much did you spend. If stores sell a wide range of products, you might separate groceries from clothing.

Once you have completed this, I want you to go back into your list and separate bills that have to be paid, called nondiscretionary spending, (like rent and insurance) from discretionary spending (like shopping or eating out). If your bills exceed your income, you will need to find a way to either spend less or, possibly, get a part-time job. Today, many people are working well into their seventies by choice because it increases their standard of living by so much. If you have money left after you have paid your nondiscretionary bills, you can use that to begin to pay off your secured debt.

As others have said, you may have penalties if you try to withdraw too much from the annuity. Additionally, I suspect it will only pay about half of your debt once the taxes are withheld, and you would be left with no savings at all. I'm not sure I think this is the best strategy.

Since you rent, I'm guessing your secured debt is a car, and if those payments are overwhelming, you may want to sell it and purchase a less expensive vehicle. Additionally, you might want to find less expensive housing. However, I don't know your circumstances, and there may be reasons why this isn't the right way forward for you. I really don't know enough about your background or where you live. I urge you to talk to a financial planner who is willing to act as your fiduciary. If you are having trouble finding someone, contact a local not-for-profit financial support service. Be very careful because some of the debt consolidated services will ruin your credit. Websites should probably end in .org (rather than .com) which means you are working with an organization rather than a company.

Best of luck! Peggy

2 weeks ago
    Investing, ETFs, Stocks
Do ETFs provide greater returns than stocks?
88% of people found this answer helpful
April 2017
Why do the indices of the DOW and S&P 500 move together?
82% of people found this answer helpful
October 2016
    Retirement, IRAs
Does it make sense to transfer our IRA to a different branch?
75% of people found this answer helpful
October 2016
    Personal Finance, 401(k)
Should I opt out of my 401(k)?
75% of people found this answer helpful
September 2016