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Financial Planning

No sales goals. The only goals we are trying to meet are yours.

At Hoover and Associates, we understand that relationships are all about trust. That’s why, at every turn, we are looking out for the client's best interest. Acting as fiduciaries, we pride ourselves in embodying what it truly means to put your needs first. Our process begins and ends with you. We provide objective advice and guidance that is based only on what is best for you. Whether you are concerned about outliving your money, planning for your children’s education, or planning for your own retirement, we can provide you with a path to follow.

A Team You Can Trust

We don’t only focus on giving you knowledgeable and unbiased financial advice, we want to foster in a new mindset. In today’s financial landscape, it is not enough to simply be given advice on what investments to make and where to put your money. We believe that to be a financially successful person, you need to be able to think and behave like a financial advisor. This is why we choose to teach you how do things like managing your risk, know when to play it safe, and save when you really want to spend. These are the things that will take your success to the next level and this is how we believe that we provide value.

Financial Planning Problems We Solve

HOW CAN I MANAGE MY MONEY IN RETIREMENT?

We’ll provide you with some ideas on how to best prepare for your retirement. We can educate you on things such as optimizing your social security, long-term care insurance options, Medicare information, and more. We want to make sure that you’re prepared for life after you’re done working.

HOW DO I USE A 529 PLAN TO SAVE FOR MY CHILD'S EDUCATION?

We can guide you through a variety of options when it comes to education planning. A 529 is a very versatile and dynamic savings option that offers tax benefits while having a minimal impact on financial aid. These are the kinds of plans we can introduce to you and they can be very beneficial when trying to set aside funds for both college and K-12 education.

SHOULD I USE A TRADITIONAL IRA OR A ROTH IRA?

We’ll help you compare and contrast these two types of IRAs in order to determine which one is suitable for you. It is important to make the right choice because each of these IRAs can have very different effects on your long-term savings. You don’t have to worry about this choice alone. We will educate you on the pros and cons of each plan, based on your personal situation, and help you make an easy and informed decision.

WHAT SHOULD I KNOW ABOUT ANNUITIES?

Annuities can be a confusing and broad topic to tackle. We can help you tackle it. Some advisors hate them, others swear by them. What sets us apart is that we don't make sweeping, shocking statements either for or against annuities. We evaluate your sitiuation and advise what's right for you. We can advise on the different types of annuities and we can point you towards the right direction.

HOW MUCH WILL HEALTH INSURANCE COST ME IN RETIREMENT?

We can help you be financially prepared for the transition to Medicare and walk you through what it means for your financial situation. On average, people spend about a quarter of a million dollars on health care during the years after their retirement. We can help you save and be ready for these costs by advising you on how to manage your financial assets. We can also answer any questions that you have regarding your insurance and help you troubleshoot any problems.

Financial and Investment Services Include:

  • RETIREMENT PLANNING

  • TRADITIONAL AND ROTH IRAS

  • INDIVIDUAL AND MANAGED ACCOUNTS

  • EDUCATION FUNDING

  • VARIABLE, FIXED, AND INDEXED ANNUITIES

  • STOCKS AND BONDS

  • MUTUAL FUNDS AND EXCHANGE TRADED FUNDS (ETFS)

  • REAL ESTATE INVESTMENT TRUST (REITS)

  • SEPERATELY MANAGED ACCOUNTS (SMAS)

  • CHARITABLE GIVING