“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
Sort By:
Most Helpful
    Debt, Financial Planning, Real Estate
I have $25,000 in savings, am debt-free, and I live at home; what's the best way to make my money grow?

Congratulations on being debt free and participating in your employer's 401(k) plan! I agree with the other answers which recommend keeping your $25,000 in an investment that is safer than the stock market. If you know that you will not need the money within a specific period of time (like one year), you could consider putting some of it (maybe half?) in a 12-month CD that has the same kind of FDIC insurance as bank accounts. If you know you have 18 months, you might consider putting some the money in an 18-month CD. With interest rates rising, I would not seek out longer term CDs than those right now. CDs tend to pay higher interest rates. Of course, you can't usually access the money during the term of the CD, so keep enough in a high-interest bank account to cover emergencies. Talk to your bank; you don't need to pay adviser fees to buy a CD.

I know you want to earn more of a return, so look at your 401(k) investment allocation as well. Keeping your home down payment in cash, along with your age, suggests you could be quite aggressive in your retirement plan holdings. If you own a lot of bond funds in that account, consider moving them to an equity index fund, like the S&P 500 if you want a higher return. Of course, this idea assumes your risk tolerance level matches an aggressive portfolio. Talk with a CFP(r) professional if possible or at least the person who comes each year to talk about your company's retirement plan. He or she could give you some guidance here!

Again, congrats, and best of luck!

Peggy

2 weeks ago
    Asset Allocation, Bonds / Fixed Income, Stocks, Starting Out
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?
88% of people found this answer helpful
last month
    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
March 2018
    Debt, Retirement, Annuities
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
December 2017
    College Tuition, Retirement, Taxes
Can you a receive a tax benefit for contributing towards your child's school tuition?
57% of people found this answer helpful
October 2017