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Dennis Dachtler, Sacramento Wealth Manager, on Benefits of Retirement Planning

January 7, 2013 By Leave a Comment
Dennis Dachtler Sacramento

Dennis Dachtler Sacramento

With us today is Dennis Dachtler, Sacramento area financial management consultant and founder of Dachtler Wealth Management, LLC. Here, Dachtler speaks of early planning, the special needs of medical professionals, and the daily hurdles of securing long-term goals.

Interviewing Experts: Good morning and thank you for taking the time to speak with us today. Let’s focus first on early planning. What is your advice to those just entering the workforce?

Dennis Dachtler, Sacramento: As I taught my own two children growing up, the best thing to do is to start saving early. Start looking at investing. You absolutely cannot begin too soon.

Interviewing Experts: But, what if you aren’t earning a lot?

Dennis Dachtler, Sacramento: It doesn’t matter. Save what you can. Make it a set amount each paycheck. Have it put into a separate account. You won’t notice it is not there to spend.

Interviewing Experts: That’s great advice. But, we understand that you deal with medical professionals quite a bit. That’s a pretty astute group of people. What help do they need?

Dennis Dachtler, Sacramento: Many doctors and other medical staff tend to overlook their own future while they are helping everyone else have a future.

Interviewing Experts: So, you are saying they get too busy to plan ahead?

Dennis Dachtler, Sacramento: Yes, absolutely. That’s why using the services of an experienced wealth manager can really come in handy.

Interviewing Experts: What can Dachtler Wealth offer that takes the toll out of trying to plan ahead?

Dennis Dachtler, Sacramento: First, we take the time to get to know the individual and his or her own personal needs. We understand that life gets in the way and our clients may not have the time to keep up with the ever-changing world of stocks, bonds, insurance, etc. It’s the daily hurdles of life that really make using a service, like ours, beneficial. This is especially true for those with substantial assets and even bigger responsibilities.

Interviewing Experts: There is no “one size fits all” strategy to future planning?

Dennis Dachtler, Sacramento: Despite what many agents may tell you, no there isn’t. No two families have the same long term goals.

Interviewing Experts: So, then, how does Dachtler Wealth make it easier?

Dennis Dachtler, Sacramento: After the initial evaluation, we discuss future plans, current needs, and any foreseeable expenses, such as college or the medical care of, say, a disabled sibling or aging parent.

Interviewing Experts: And where can your clients go to see their portfolio once it’s established?

Dennis Dachtler, Sacramento: We have an online portal available to all of our clients, no matter the amount of money they may or may not have. It is on a secure server and groups their information all in one place which makes it very easy to see, at a glance, what’s working and what might need to be reevaluated.

Interviewing Experts: That’s very interesting. What can our readers do to get a better idea of exactly what you are talking about?

Dennis Dachtler, Sacramento: Our website has an online demo of our Personal Wealth Management homepage. Also, I encourage everyone to take a moment and bookmark our site for the free educational materials posted there. It is a wonderful resource available to everyone.

Interviewing Experts: Thank you for that but we are out of time for the day. We look forward to speaking with you again in the New Year.

Dennis Dachtler, Sacramento: My pleasure.

 

Dennis Dachtler, Sacramento based wealth planner, got his start in the industry shortly after college. That was in 1981. Today, Dachtler oversees Dachtler Wealth and is responsible for over $150 million in client assets. For more information visit dachtlerwealth.com

 

Securities and investment advisory services offered solely through Ameritas Investment Corp. (AIC).  Member FINRA/SIPC.  AIC and Dachtler Wealth Management, LLC are not affiliated. Securities products are limited to residents of AL, AR, AZ, CA, CO, FL, GA, IN, KS, LA, MN, MO, NC, NE, NM, NV, OR, PA, TN, TX, UT and WA.. Additional products and services may be available through Dennis Dachtler or Dachtler Wealth Management, LLC that are not offered through AIC.

Opinions expressed herein are those of the Registered Representative and may differ from those of Ameritas Investment Corp and affiliates.  Information is gathered from sources deemed to be reliable; however, we cannot guarantee their accuracy.  Past performance is not indicative of future results. This information should not be construed as investment, legal or tax advice.  Participants should consult with their financial representative, attorney or tax advisor regarding your situation.

 

 

Filed Under: Finances Tagged With: , , , , , ,

Marketers LLC Answers Questions About Business Plans

January 7, 2013 By Leave a Comment

Marketers LLC provides a full range of services to clients, including business plan creation. A business doesn’t have to be an expert to put together a good business plan, Marketers LLC has found. In fact, often businesses know their own operations and future plans well enough to put a plan together on their own, Marketers LLC advises. Still, Marketers LLC finds that many clients have multiple questions about creating a business plan. Recently, Marketers LLC spoke with Interviewing Experts about the factors that make up a good business plan.

Interviewing Experts: How important is a business plan?

Marketers LLC: Very important. In fact, for many companies, a business plan is used to secure funding, loans, and form partnerships with other companies.

Interviewing Experts: Who reads a business plan?

Marketers LLC: Usually the decision-makers—people who can make or break a business completely.

Interviewing Experts: How do I know what to put into a business plan?

Marketers LLC: The first step to creating a business plan is to ask questions.

Interviewing Experts: What kind of questions?

Marketers LLC: Questions that reveal more information about your company, like ‘what are our goals?’ ‘What are our accomplishments?’

Interviewing Experts: Once I’ve asked these questions, what do I do with the answers?

Marketers LLC: Log the answers for use in your business plan.

Interviewing Experts: What specific types of information will be included in the plan?

Marketers LLC: The plan will begin with an executive summary.

Interviewing Experts: Which is…?

Marketers LLC: A brief overview that a busy decision-maker can peruse before flipping to other areas of the plan.

Interviewing Experts: There should also be a summary of what my company is about, correct?

Marketers LLC: Yes, the company overview will give an overview of the office culture and management’s particular style of running things.

Interviewing Experts: Will I then need to give decision-makers a feel for what the regular expenses will be?

Marketers LLC: Yes. Marketers LLC recommends disclosing all possible expenditures in the management and operations section.

Interviewing Experts: Should I include my marketing strategy in my business plan?

Marketers LLC: Definitely. The marketing strategy is an important part of a business plan.

Interviewing Experts: Is that because marketing is so important?

Marketers LLC: Without marketing, a business doesn’t really stand a chance, so the plan needs to be included.

Interviewing Experts: Will I need to provide information about my product?

Marketers LLC: In the sales plan section, we recommend disclosing both projections and proprietary product details.

Interviewing Experts: What about financials?

Marketers LLC: As much as people hate to deal with financials, it’s a necessary part of the business plan. Many believe it’s the most important part, since decision-makers look at it so closely.

Marketers LLC helps clients craft effective business plans, which can be especially important for startups.

 

Filed Under: Business

Kavin Austin Blake Discusses Exotic Locales with Interviewing Experts

January 7, 2013 By Leave a Comment
Kavin Austin Blake

Kavin Austin Blake

Kavin Austin Blake is passionate about fishing, but that also means traveling to the places where the big fish are. Today, the staff at Interviewing Experts talks to Kavin Austin Blake about some of his favorite destinations.

Interviewing Experts: We’ve heard you like traveling to the Caribbean for fishing. What are some of your favorite spots?

Kavin Austin Blake: San Juan, Puerto Rico has always been a favorite of mine…

Interviewing Experts: What do you like to do in San Juan?

Kavin Austin Blake: There’s lots of golf, surfing and exploring there, as well as some phenomenal restaurants and casinos.

Interviewing Experts: I’ve always wanted to visit Jamaica…

Kavin Austin Blake: I’d encourage you to go. There’s so much more to Jamaica than what you see in the commercials. Great horseback riding, island tours, great food, really friendly people.

Interviewing Experts: Have you ever been to Nassau?

Kavin Austin Blake: Yes, another of my favorites. Excellent snorkeling and scuba diving, as well as terrific fishing. I’ve been there several times.

Interviewing Experts: And what about the Dominican Republic?

Kavin Austin Blake: Yes, that’s a great vacation destination too. I’ve been to Punta Cana, which is off the beaten track. It’s especially great in the off-season, really peaceful and relaxed.

Interviewing Experts: Do you have a favorite, though?

Kavin Austin Blake: Well, if I had to pick a “favorite,” it would probably be Aruba. There is so much to do there…rock climbing, Harley-Davidson tours, coastline exploration, great casino and hotels. It’s great for a wedding destination, a family vacation – anything, really!

Interviewing Experts: What is it that makes you passionate about travel?

Kavin Austin Blake: I feel a little sorry for the people who don’t or can’t get out and travel. It’s so enlightening and broadens your view so much to see the world and experience other cultures.

Interviewing Experts: Why the Caribbean in particular, though?

Kavin Austin Blake: Well, there’s the fishing… (laughs) But it’s much more than that. The Caribbean is just a great, affordable destination for honeymooners or vacationers or anybody who wants to get away. Very welcoming and inviting culture, great food, great people.

Interviewing Experts: It’s a break from the mundane.

Kavin Austin Blake: Absolutely. It gives you a chance to get away from the work/home routine and do something exotic, but still in your safety zone.

Interviewing Experts: It sounds like you can find about anything you want to do there…

Kavin Austin Blake: Yes, all the cities and islands are unique, but there’s a huge range of stuff you can avail yourself of there.

Interviewing Experts: Are there some other destinations in the Caribbean you still want to go to?

Kavin Austin Blake: Yes, I haven’t been to Tobago or Guadeloupe yet…

Interviewing Experts: Well, thanks for meeting with us today!

Kavin Austin Blake: Absolutely, I’d be happy to anytime.

Filed Under: Professionals Tagged With: , , , , , ,

Rich Von – Distressed Property FAQ

January 1, 2013 By Leave a Comment
Rich Von

Rich Von

Rich Von has a talent for turning around homes that are in disrepair, sometimes revitalizing entire areas. Below, Rich Von shares some of his knowledge, gained from years of experience.

Q: What is a distressed property?

Rich Von: The term distressed property refers to a home that is on the market at a reduced price due to foreclosure or short sale.

Q: Are these properties typically in bad condition?

Rich Von: Some of the properties are in really bad condition and others are near perfect—there’s a wide spectrum. Distressed properties have unjustly been given a bad rep due to the fact that, in some cases, homeowners vandalize properties before moving out.

Q: So it’s a misconception that all homeowners vandalize properties?

Rich Von: Yes. The vast majority of homeowners simply move their items out and let the lender take over from there.

Q: What can I expect if I purchase a distressed property?

Rich Von: A distressed property probably won’t have the niceties found in a home that has been put up for sale for a profit.

Q: Such as…?

Rich Von: The carpets may need to be cleaned or replaced. The walls normally aren’t freshly painted and there may be some light fixtures or cabinet knobs missing.  And you should expect to have to do a lot of due diligence so you know exactly what you’re purchasing—this means title searches and very thorough testing to insure appliances are working, plumbing is satisfactory, roof and foundations are ok, etc.  A lot of times you’re purchasing the property as is, so it’s important to bring in professionals to get a true and accurate assessment of what you’re buying.

Q: Can someone get a bargain on a distressed property?

Rich Von: Normally homebuyers can get a much nicer home for the money if they’ll consider a distressed property. However, distressed properties can fall into a bidding war, so it’s important for a buyer to be well-educated in the value of a home and the cost of any repairs to avoid overpaying.  Just because it’s a distressed property doesn’t mean it’s a deal.  I’ve seen a lot of people pay way above retail and think they were getting a deal just because they bought at auction.

Q: If I want to buy a distressed property, will I need an agent?

Rich Von: You won’t need an agent, but I highly recommend it, especially for inexperienced buyers. Distressed properties can sometimes come with extra paperwork and legalities that can be a nightmare for someone who is new to real estate.

Q: Can I make money flipping distressed properties?

Rich Von: Buying and fixing up distressed properties for resale is something that takes experience. Someone can easily lose money if they don’t know what they’re doing.  There are all kinds of traps—liens and title issues; construction issues; I could go on for hours.

Q: What do I need to know?

Rich Von: First, it’s important to become thoroughly educated about an area and be familiar with trends. If a neighborhood is on the downslide, for instance, a house may not fetch what it would in a neighborhood that is trendy and popular at the time.

Q: Will I have trouble selling a distressed property once I’ve rebuilt it?

Rich Von: It’s possible to have trouble reselling, yes. A seller can easily run into trouble trying to sell a distressed property, primarily with buyers getting loan money from banks. A bank will often question whether a home is worth what the seller is asking, especially if the area has gone downhill in recent years.

Q: How do I find distressed properties?

Rich Von: Often banks will hold auctions for a property where buyers can get a great deal. A real estate agent can also help a less experienced buyer find great deals on properties.

Rich Von is a co-founder of Von Vesting, Inc., a company that specializes in distressed properties. The company has found great success in recent years, thanks to Rich Von’s knowledge of local housing markets.

Filed Under: Professionals Tagged With: , , ,
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