Frequently Asked Questions
FAQs About Working with Longitude
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I am a fiduciary for all of my clients. I believe the fiduciary standard is the only standard that people looking for advice should accept.
Checkout this fee-only fiduciary page to learn more about our fee-only fiduciary status
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We maintain and update your plan through three annual meetings.
Every four months, wealth management clients receive an invitation to schedule a meeting.
I have an agenda for the first and the third meetings to review different aspects of your financial picture.
The second (middle) meeting is built on your agenda, giving you the space to get some deep advice on anything that is on your mind.
Our members can schedule unlimited ad-hoc meetings or contact us anytime via phone, text, or email for questions.
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I’m paid in two ways:
1) Flat financial planning membership fee. See our Financial Coaching and Wealth Management pages for details
2) AUM (Asset Under Management) fee. This fee varies based on investment complexity and if you are bundling with any of our other services.
As a fee-only advisor, I’m only ever paid by my clients and never a third party or product company.
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We do! It is important for us to learn if we’re the best fit to help you and if not to refer you to a more specialized advisor
Its also important for you to fully understand Longitude Financial Planning and what sets us apart from other advisors
If you have a question, there is never a charge for asking.
Send us your question or schedule a meeting HERE
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I work with individual professionals and couples to help them make informed money decisions.
I’m particularly involved in the Tech, Biotech and Healthcare industries as well as with business owners.
I’m located in Austin Texas, but I work as an online financial advisor with clients nationally. -
We use top of the line financial planning software to provide ongoing personalized financial planning to our members.
We analyze tax returns annually for tax planning opportunities.
Our members received sponsored access to Monarch Money to remain aware of budgeting and cashflow trends.
Our members can take advantage of our high value investment management.
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Absolutely! I work with lots of business owners!
Depending on the needs of the business, our service is often provided on a project or hourly basis.
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Unfortunately no, we work with a local EA (enrolled agent) if this is a service you’re interested in.
We provide tax planning as part of our ongoing financial planning.
We provide strategies to reduce your tax bill by maximizing deductions and credits.
Our investment management clients also have their portfolios reviewed annually for tax loss harvesting opportunities and capital gains minimization.
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New members can expect four meetings to onboard: “Discovery”, “Get Organized”, “Explore Goals”, and “Strategy review & implementation”.
After these four meetings, you’ll walk away with a clear target (your goals) and how to get there (implementation steps).
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We don’t have any minimum asset requirements.
We believe that everybody deserves access to a financial professional no matter their income or investable assets.
If you’ve been turned away by other financial advisors, we encourage you to reach out for an initial consultation.
Investment FAQs
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Clients assets are held at Charles Schwab, Altruist or Interactive Brokers.
There are two types of portfolios we manage for clients, “Core” investment portfolios and “Explore” investment portfolios
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Knowing what to invest in depends on your goals, risk tolerance, tax strategy and investing experience.
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Our cost varies based on the investment strategy and if its bundled with coaching or wealth management services.
Investment only - 0.5% - 1%
With coaching - 0.2% - 1%
With wealth management - 0.2% - 0.5%
Learn how much you can save with our Fee Comparison Calculator
Prices are negotiable
Cashflow and Budgeting FAQs
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We use Monarch Money to create awareness about spending and provide the tools to budget.
Monarch is included in all client tiers. Financial Coaching, Essential Wealth Management and Advanced Wealth Management -
Saving income is key to reaching future goals such as home ownership, family planning and retirement.
We make personalized saving and investing plans for each client based on their ability, limitations and goal horizon. -
Some general advice would be to limit and prioritize high interest debt such as credit cards.
Moderate interest debt can be delayed to make long term investments at reasonable rates of return.
low interest debt, where the interest rate is meaningfully below the expected long term investment return is the lowest priority.
Consider how having debt makes you feel. Some people experience more stress when they are in debt than others do.
This answer is highly personal and specific recommendations are only given on a client by client basis.
Retirement FAQs
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Retirement can take many forms. We personalize recommendations to each client based on the lifestyle and time they want to spend in retirement.
Every person has a unique retirement number. Try our time value of money calculator to visualize the importance of starting early. -
We use a tool by Income Labs in conjunction with your Right Capital financial plan to find the optimal time for you and your spouse to take social security.
This optimization takes into account your lifespan, -
IRMAA (Income-Related Monthly Adjustment Amount) is a Medicare premium surcharge that applies to higher-income beneficiaries based on their modified adjusted gross income from two years prior.
Multiple income brackets can significantly increase both Part B and Part D premiums above the standard amounts.
As your RIA, I monitor these thresholds closely because strategic income planning (such as timing Roth conversions, managing capital gains, and considering QCD strategies) can help minimize or avoid these surcharges during your Medicare years.
Business Ownership FAQs
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yes, organization
Using monarch and AI
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Yes, there are two common options
First, for senior leaders with complicated situations, they can be referred directly to me for wealth management services.
second, we offer financial coaching of entry and mid level employees we offer a financial planning benefit that you can offer to increase employee retention and satisfaction.
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Tax planning is a valuable service that we offer to wealth management clients who operate business full time or on the side.
Tax strategies are complex and tailored to each situation. They can also require CPA involvement for specific tax reccomendations.