Frequently Asked Questions
Why hire a financial advisor?
Whether or not you are a financial expert, you are in charge of your own financial future. You may not have the time or expertise to develop a plan and make necessary financial decisions, or have the discipline to follow through. Baehr Family Financial helps you live the life you want by working as your partner and coach in the planning process.
What do you sell?
Baehr Family Financial sells financial advice regarding goal setting, retirement strategies, taxation, investments, cash flow management, insurance, and other areas of personal finance. We also offer tax preparation and audit representation. We do not sell financial products.
What is "Fee-Only" Financial Planning?
The term "Fee-Only" refers to the method of compensation for the financial planner. A Fee-Only planner is compensated by fees paid by clients, not commissions, referral fees, or other reimbursements based on sales of products or services. The recommendations you receive from a Fee-Only financial advisor are in your best interest only.
Is the fee tax deductible?
Yes. Section 212 of the Internal Revenue Code permits an itemized deduction for tax and/or investment advice in the miscellaneous section of Schedule A. This deduction is subject to a 2% floor of adjusted gross income. If you have a business or rental income, a partial deduction may be taken on Schedule C or E.
Do you sell financial planning products, such as investments, insurance, or tax shelters?
No. Since we are a fee-only firm, you must purchase products from other sources. You may choose to set up accounts with custodians or brokerage firms we recommend, or you may choose to stay with your existing investment firm(s). When there is a need for an insurance product, I can recommend reliable, efficient sources.
How do we get started?
Contact us by e-mail or telephone (570-223-1550 or 800-520-9793) to schedule an initial consultation to discuss your situation and your ideas. There is no charge for your initial consultation.
