Lakeside Financial Planning
Jared Hoole is the President of Lakeside Financial Planning and a CERTIFIED FINANCIAL PLANNER™. He began his career in public accounting implementing tax planning strategies for multinational corporations. After nine years in corporate tax, Jared knew he wanted a more rewarding direction where he could use his financial skills to help people to reach their life goals. So in 2014, he decided to take the next step in his career and founded Lakeside Financial Planning. In addition to his CFP®, Jared holds a bachelor’s degree in finance and a master’s degree in taxation from Bentley University.
Jared lives in Windham, NH with his wife, Alisyn, their daughter, Carsyn, and son Brody. He leads an active lifestyle and enjoys spending time outdoors, especially golfing or skiing. Jared also loves spending his summers with family and friends on the fresh waters of Lake Winnipesaukee.
MST, Taxation and Financial Planning, The Graduate School of Business at Bentley University
BS, Finance, Bentley University
Fee Only Retainer Model
Lakeside Financial Planning - Advisor Insights
1. It's a good way to attract high end talent to your firm
2. Employer contributions are tax deductible to the employer
3. They are staying compliant with IRS regulations
First and foremost I would recommend enrolling in your company sponsored retirement plan (401k) and contributing at least 10% of your income. If you can save above and beyond that, then I would recommend a Roth IRA because the distributions are tax-free. Looking into the future, from a cash flow and tax planning perspective, it's important to have funds in all three buckets; taxable (brokerage), tax-deferred (401k, IRA), and tax free (Roth).
I would recommend keeping your assets in your retirement savings as long as possible to take full advantage of the tax-deferred growth. Your mortgage rate of 5.25% is rather high in todays interest rate environment. Refinancing your mortgage to a lower rate would reduce your monthly payments and allow you to continue building your retirement savings.
- Accident and health benefits
- Achievement awards
- Adoption assistance
- Dependent care assistance
- Educational assistance
- Employee discounts
- Employee stock options
- Employer provided cell phones
- Group-term life insurance coverage
- Health Savings Accounts (HSA's)
- Moving expense reimbursement
- Retirement planning service
Given the size of your initial investment, I wouldn't recommend investing in individual stock because of the expenses associated with creating a diversified portfolio. I think you are on the right track looking at a broad index fund such as the Russell 3000. However; the Russell 3000 only covers the U.S. equity market. You should also layer in other index funds that cover international equities (MSCI EAFE) as well as the bond market (Barclays U.S. Aggregate Bond Index).