Frequently Asked Questions
About Retirement Planning
Retirement planning can be complicated. There are forecasts,
methodologies, models, graphs, and more. We've put together here
some of the questions we hear a lot.
How do I know when I can afford to retire?
You will need to run a feasibility analysis to make sure you
have accumulated enough assets to support your desired standard of
living for as long as your retirement lasts. The Wiley Group
can tell you when you have the "green light" for retirement.
Am I saving enough?
Maybe. Whether you are 30 or 60 years old, by getting an
idea of your life's goals, The Wiley Group can tell you in simple,
easy-to-understand terms, exactly how much you need to save from
now until your anticipated retirement date. We acknowledge
that this analysis may require you to adjust your current spending
and savings habits.
Does getting help mean giving up control of my account?
The Wiley Group strives to be as transparent as possible when it
comes to managing your assets. Each quarter, you will receive
a comprehensive, one-page performance report. You will also
receive monthly e-mail content, client educational events and
frequent conference calls to keep you apprised of your current
situation. In fact, many clients actually feel like they are
more involved in the managing of their finances once they
begin working with us. You will have the serenity of knowing
exactly where you stand on any given day. And if you have
questions, your advisor is just a phone call away.
What mix of investments is right for me?
We will work with you to develop a long-term, strategic asset
allocation and risk profile in order to determine exactly how best
to invest your assets.
How do I know if your portfolio is better than the one that I have now?
We use sophisticated software to analyze each client's portfolio
for risk and return. We can give you the basic bottom line
performance of every portfolio.
How much company stock should I own?
This is a tricky question, because there is no right or wrong
answer. From our observations, we have found that many people
have a tendency to hold too much company stock. We can guide
you on making the best decisions possible to avoid unnecessary
risks in your portfolio.
You say that you "specialize" in dealing with pre-retirees, what does that mean?
Pre-retirees that work for large corporations have unique
investment and planning needs that differ vastly from the average
investor. Most of our clients come from similar backgrounds, so we
can tailor our advice accordingly.
How often do I need a portfolio checkup?
As a client of The Wiley Group, you will feel confident in your
portfolio allocation because of the comprehensive, transparent
information with which we supply you. From our client e-mail
newsletters to our quarterly portfolio performance conference calls
to our educational client events, we will make sure that you have a
complete understanding of all the aspects of not only your
retirement plan, but your portfolio as well.
What happens to my Retirement Feasibility Analysis once I retire?
We need to update your financial plan each year in retirement to
make sure that you are still on track for a successful retirement.
Life Happens. Market conditions may be poor in a given year, or you
may need a cash infusion to cover an emergency.
What should I do in the event of being laid off?
Involuntary separation from your job can be a terrifying, yet
also liberating, experience. The Wiley Group has worked with
many people in this situation and are committed to giving you
comprehensive analysis and feedback about how your separation will
affect you. We will also put contingency plans in place to
determine exactly how you will need to keep your goals on
How do I protect my nest egg?
Diversification and prudent decision-making are the best
protection. The Wiley Group can help you prepare for the
inevitable downturns in the market.
Should I plan on working part-time in retirement?
Part-time work is becoming increasingly more prevalent for
retirees. With our feasibility analysis, The Wiley Group can
tell you if part-time employment is actually necessary.
If I become a Wiley Group client, what do I do about general financial questions?
Our clients contact us frequently with questions about home
improvements, paying for weddings, elder care, etc. We encourage
this. We want to be able to answer any questions that you may have
for the rest of your life. That's what we're here for.
How are you compensated?
We are paid an advisory fee. If your accounts increase in value,
our income increases as well. We are all on the same side of the
table. Also, there is no additional cost for the extensive
financial planning work that we do for our clients.
Why shouldn’t I just move my money to another firm when I retire?
We we believe that we offer a much more hands-on experience than
the do-it-yourself firms. Making retirement work and optimizing
portfolio returns is extremely complicated, and is not a skill one
can acquire in a short period of time. The Wiley Group has
been working with clients for over 25 years.
What are the benefits the Wiley Group offers as a fully independent Registered Investment Adviser?
One of the differences between an unregistered financial advisor
or stock broker at a large firm, and an independent registered
investment adviser, is the depth of fiduciary responsibility the
registered adviser has to you and you alone. Registered investment
advisers have an added level of fiduciary responsibility and they
are regulated by the Securities and Exchange Commission (SEC).This
is an ethical and legal obligation that would preclude, for
example, the sale of a proprietary investment that knowingly placed
the interests of the broker or the brokerage firm ahead of your
A registered investment adviser's fiduciary role requires a
level of independence and client commitment that we believe is best
achieved at a fully independent firm like the Wiley Group. We
strive to link the goals of the Wiley Group exactly and directly to
your own in order to bring an added level of oversight and trust to
all of our existing and future relationships.