Employees & Retirees
of Financial Services Companies
We specialize in serving the unique financial planning needs of employees & retirees of financial services companies
If you work or worked for a good financial services or investment management company, you understand the value of a long-term perspective.
When applying that long-term perspective to your personal life, you may feel like you need some help in navigating the financial challenges that naturally come along. Perhaps you feel like you don’t know enough about personal finance and investing, or maybe you have a spouse in that situation, and you’d like help in figuring things out and putting the pieces together.
Spencer Financial Planning, as an independently owned, boutique, fee-only, fiduciary financial advisory firm, can act as your family’s partner in navigating your finances and improving your Financial Health.
Having more than two decades of investment industry experience, including 18 years at Capital Group, Keith Spencer, the founder of Spencer Financial Planning, is well-equipped to help you on your journey.
Why might you choose Spencer Financial Planning? And why did Keith choose to focus on financial services companies? Read more below and/or watch this short video:
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Examples of how we may work with you
Retirement plan
You may be fortunate to work for a company that matches and/or makes a generous retirement contribution each year on your behalf. But how do those investments mix with whatever you own outside of your company retirement plan? Is your asset allocation appropriate across all your accounts? How do real estate and bank accounts fit in?
Benefits package
Many financial services firms have top-notch benefits packages with a lot of great options and perks. Are you making the most of your options? Are you leaving money and/or perks on the table?
Bonuses
Getting a big bonus feels good, no? How are you using that money? Are you building in sufficient buffers to account for when the company profit-sharing portion of a bonus is lower than normal due to a down year? How about if you receive dividends from employer stock? What’s your plan to handle inflows you may receive after retirement?
Income during retirement
How much do you need to have saved to retire? When can you make that leap? And when you do retire, you'll be faced with the decision of how to turn your hard-earned savings into a stream of income that will last for the rest of your life. How should that be structured? There are different ways and tools to approach that puzzle, and it's an area that we specialize in.
Tax
planning
No one likes paying taxes, but it’s a reality for all of us. The good news is that there are strategies we can help you with to lessen the burden. Especially going into retirement, there are some major moves you can make to reduce your lifetime tax bill, while also reducing the tax burden for your heirs.
In addition to the items above, we'll work with you on the other areas of your Financial Health, as depicted in the visual below:
Some of these areas are further described in these links:
Interested in reading a case study of a hypothetical financial services associate approaching retirement?
Read about Patricia:
Why we would love to work with you
The majority of Spencer Financial Planning's clients are current or former associates of financial services companies, and there's a natural camaraderie between us.
We have a similar approach to finances. We have a shared vocabulary. We speak the same language.
We get where you’re coming from. And we love working with people like you.
Keith’s background in the industry
Keith worked at Capital Group for about 18 years, spending his entire career in Los Angeles.
He worked primarily in management roles and compliance roles, working with the portfolio managers to implement their investment ideas in a compliant way. He spent about half of his career on the institutional side of the business and about half on the mutual fund side.
Keith said goodbye to Capital in 2019, when his family moved to Spokane, Washington to be closer to extended family.
Click here if you’d like to read about Keith more generally.
Interested in having a conversation? Click the Start Here button in the top right corner.