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MoneyManager
Tim Wallender
 

TIMOTHY J. WALLENDER
purple line
REGISTERED INVESTMENT ADVISOR

Manhattan Beach, CA

La Quinta, CA

email: tim@strategicindex.com
 

   Tim Wallender is an independent Certified Financial Planner (CFP) and Registered Investment Advisor (RIA) who believes in a no-commission, fee-only approach to helping clients. Tim utilizes the Nobel Prize winning concept of Modern Portfolio Theory to develop efficient portfolios tailored to each client's investment goals, time horizon and risk tolerance. Strategic Index Money Management (SIMM) utilizes Diversified Index Portfolios optimally mixed using no-load Index Funds which have low turnover and operating expenses. Client portfolios are monitored quarterly for reoptimization and rebalancing. As new and proven concepts are developed in the academic community, these principals are incorporated into the SIMM investment policy.

   Tim has been published in numerous publications featuring dozens of different "Money Makeovers" for various family situations and challenges. His problem solving skills are sought after by many newspapers and periodicals making him the most requested "Money Makeover" specialist.

   Tim specializes in retirement planning, 401 (k) and all rollovers, post death transfers and company pension plans. Tim graduated from the U.S. Air Force Academy with a Bachelor of Science degree in Business Management and Finance and is a graduate from the College of Financial Planning with a Certified Financial Planner (CFP) designation.

 

Money Makeovers

 

She’s Got Time on Her Side – Retirement Goals delayed by Credit Card Debt

Tim Wallender, CFP sits down with an unemployed 28-year-old woman, Deena Williams, whose wants to be debt-free and create a retirement plan. Williams is a USC alumna with an engineering degree and lost her job working at a venture-capital firm. Wallender helps Williams realize the importance of financial planning and assists her in recognizing the necessary changes she needs to make in order to retire comfortably. He dictates how soon she can rid of her credit card and student loan debt and provides insight into how she can make her money grow through proper investments and educated spending.

 

Couple’s Frugal Habits Handy as Debt Looms, Family Grows

Tim Wallender, CFP meets with soon-to-be parents, Rick and Brandy Mendoza, two 23-year-olds with accounting backgrounds. With an expecting baby, Rick and Brandy just started paying back their mortgage and are planning on saving for their child’s college fund. Their frugal approach to spending and ample time to invest gives them the foundation needed for financial success. Wallender provides suggestions to the couple in regards to lowering their student-loan debt and mortgage and investing in a diversified portfolio primarily of index funds.

 

Budget Plan Put Brakes on Overspending

With the advice from Tim Wallender, CFP, Deena Williams has been able to feel more comfortable with her finances. After a few months of adjustment, Williams accounted for most of her expenses while realizing the importance of investing. She loves her new job and thanks to Tim Wallender, feels “a lot less stress about my finances.”

 

His Interest in Savings Is Going Only so Far

James Mohon is a Loyola Marymount University graduate who works as a commercial real estate analyst and is saving for his MBA. Tim Wallender, CFP shows him how he can change his $6,000 no-interest checking account into $31,000, dramatically helping him pay for graduate school. Wallender additionally helps Mohon plan for retirement, creating a realistic budget to live within his means, and gives him other financial advice including which fund to invest in and how to stagger his retirement effort. Mohon is looking forward to accepting Wallender’s advice and becoming more financially stable.

 

Applying Tithing Principles to Saving

For Joe and Pat Peterson, tithing is more important than saving for their children’s college. According to Tim Wallender, CFP, the Petersons should continue to tithe but be more willing to save. Although Joe is a successful real estate agent, the Peterson’s do not have enough money in their savings accounts to retire any time soon. A major problem is due to the family’s willingness to spend whenever there is a need instead of looking for an alternate, more cost efficient solution. To help realize their problem, Wallender suggests tracking the family’s spending and allocating two hours a months to analyzing their purchases. To help save money for their retirement and children’s college funds, Wallender suggests setting up an automatic investment plan and investing into a diversified portfolio. Finally, due to Joe’s unfortunate family history of heart conditions, triple his life insurance to ensure his family is able to live comfortably if an unfortunate situation arises. Pat and Joe were very pleased with Wallender’s recommendations and are looking forward to planning for their future while still contributing to their weekly obligation to the Church.

 

Massage Therapist’s Lack of a Plan Puts Squeeze on Savings

Thirty-three-year-old Santa Monica resident, Anthony Manniello, wants to start a new massage therapy business while attending school to get a degree in traditional Asian medicine, making acupuncture and herbal remedies sidelines to his new business. To pay for his current business, Manniello has been dipping into his IRA account, costing him significantly in taxes and fees. He plans to manage all of this, even though he has already filed for bankruptcy and has a $13,000 student loan. Tim Wallender, CFP, advises him to slow down and prioritize his finances. Although owning a business is a great idea long-term, without the proper financial planning or resources available, it could lead to a short-term disaster. Wallender suggests Manniello shelf the massage business for a job that offers similar pay with health insurance and other benefits. Working with a larger company can help him grow his clientele base, giving him a foundation when he is ready to begin a new business. Wallender also wanted Manniello to look at the implication of returning to school—the financial setback would not be worth the degree. Wallender encourages higher education, but at this point in his life, it should guarantee a higher salary, not set him back thousands. And finally, Wallender suggests to Manniello to build a six- to 12-month emergency fund before launching his own massage therapy business.

 

Lofty Retirement Goals Call for Some Risk

With an annual income of over $82,000 per year, Christopher Richards plans to retire at age 60 and buy houses in New Mexico and Montana but needs to boost his returns to hit these goals.  His current investments are too conservative and he was sold mutual funds that had hidden commissions called “Loads”.  These commissions and higher operating expenses are cutting into his returns and will delay his retirement goals if nothing is done.  Tim Wallender, CFP recommends looking for ways to boost his returns starting with moving out of these highly commissioned mutual funds into the right mix of Vanguard Index funds which carry no commissions or loads and have the lowest operating expenses for all mutual funds.  Instead of using money rebalancing software that has limited utility, Tim Wallender, CFP recommends switching to his Strategic Index Money Management program or something similar to monitor his portfolio on a weekly basis and reoptimize/rebalance as needed.  He should also use the approach called “dollar cost averaging” to buy back into beaten down asset classes at lower cost and rebalance his Savings Bonds into higher returning Short Term Corporate Index funds.  He should also meet with a fee only Certified Financial Planner like Tim Wallender, CFP to update his retirement plan at least once a year.

These Money Makeover articles shown above can be found at the Los Angeles Times Archives located at www.latimes.com and go to their archives link.

 

 
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