Our initial consultation with Doug was highly valuable. He knows well his domain, the WealthTrace tool and investment planning. Best of all he is unbiased and the conversation was devoid of any hint of upsell to additional services which has always been looming in the background of conversations we’ve had with other wealth managers. I recommend an hour with him for anyone seeking to build a retirement plan or improve on one they’ve already put in motion.
I prefer to do my own financial planning. That saves me lots of money. But that also means a lot of reading and research. Frankly, I tend to trust myself with such important matters more than many others and I enjoy it. But I still need tools and resources. Wealthtrace is the best tool (powerful) that I have found at a reasonable price for individuals. Doug Carey is certainly knowledgeable about the Weathtrace planner software and all the financial planning topics we discussed. I trust his unbiased knowledge. He even wrote back to clarify a point of discussion after he did deeper research. The planner session was excellent. For a relatively small fee, I learned tool insights and picked up some good tips and advice. I can rest easier knowing my plan has been reviewed by a pro I trust and I am now even more on track. I consider Wealthtrace and planning sessions to be part of my resources that can help me deal with changes in law, economic environment and life changes.
I had my first session with Doug yesterday. First of all, I am so glad we found WealthTrace after spending way too much money on a CFP who did nothing more than confuse us. Doug helped me understand the tool better and reassured us that we were on the right track. Definitely recommend!
I think most WealthTrace users have financial confidence - or they'd be paying 2% of assets to someone else to do the work ;-) Still, I found it very helpful - and confidence building for my wife - to have a deeply knowledgable WealthTrace user and certified financial planner review my model for basic soundness, and appreciate the suggestions where I might want to consider and tune some of my allocation decisions. Time and money well spent. Thank you Doug!
Doug did a great job in helping us complete our retirement planning model in WealthTrace. His expertise on the application coupled with his financial planning expertise really made a big difference in our plan. Beyond the plan, he also helped us with some investment strategies to maximize our both the safety and the results of our investment. Although not necessary after the first session, given the help Doug provided, we are looking forward to our continued work with him as we progress toward our retirement.
I really appreciated this professional review of our plan. Doug pointed out things that opened our eyes to some things that needed changing in our retirement plan. After making the suggested adjustments we came up with a much better plan. Highly recommended to get this second set of eyes, professional eyes, on your retirement plan. We're planning on consulting with Doug at least every year to see how the plan is going.
Found the session very useful and worth the money. Reviewed all of my input to make sure it was correct and then showed me several features I did not know about yet. I am going to use the program for several months and then book a short follow up session.
We are approaching retirement and need up to date financial planning information. We found the WealthTrace software easy to use, yet it has very powerful capabilities. The planning session with Doug was very helpful in reviewing plan assumptions as financial plan results are sensitive to these assumptions. WealthTrace software and planning session costs were a small fraction of we were previously paying financial planner and information is always up to date. Finally, WealthTrace was very quick to incorporate changes to the 2018 tax law allowing us to quickly see the impact of the tax law change on our finances.
Great session. I do a one hour session with Doug every year. I find session very cost effective and enlightening. Provides a very valuable service.
Excellent session, worth every penny. Wealth trace is a powerful tool but only as valid as assumptions made in planning. Doug helped with scenarios as well and I would highly recommend teaming with him to get the most out of your subscription.
I found the session very useful. There are so many tweaks in this tool and seeing Doug go through them and introduce me to things I missed was very useful and eye opening. The great part is there are now so many other things I understand in the tool that I can now use to be even more detailed in planning for my retirement. A great use of my time and money!
I found the consulting session very helpful. First of all, it was important to verify what I had entered was correct. Then, I had some issues I did not know how to enter. He also gave me “value added” advice. It was well worth the money.
I found the session very helpful. I learned some more about how the software operates. And he helped me to represent some of my goals more affectively. I had overlooked a couple of important items. He elicited those and now I have a much better financial plan and I feel more confident about operating the software to make important decisions
Very helpful. Doug identified one major error in my planning. It was not good news but it was better to discover it now instead of 10 years from now!. He also made a few minor suggestions that will help to ensure long term success.
I'm glad I did the review . I thought Doug did a really great job in reviewing everything and found things I had in wrong and made valuable suggestions. There be enough uncertainties beyond anyone's control and as I told him I plan to keep using the software long into my retirement and do these " tune ups" once in a while too . To me it's well worth the money spent , many times over.
Much the same as others. The focus of my hour long session was on maximizing the use of the tool, and accurate suggestions that some of my numbers needed more thought. I think for the first hour that's a reasonable expectation. A simple fund fee tidbit on my wife's 401K will more than pay for this session cost, which is always my metric of value.
Doug looked over my data and found some items I had missed as well as some wrong assumptions I used. It was great to have an expert go through this early on so that you are not relying on an inaccurate for years. Would highly recommend this review early on.
Like others have noted, Doug found some discrepancies in my data input and helped me correct those, improving my plan's accuracy. He was also quick to point out where I am paying internal Mutual Fund fees that are too high. Contrary to my intuition, he used the software to illustrate the imperfections of my current portfolio allocations by showing me that increasing my bond positions drastically would improve my Monte Carlo success projection from 80% to 96%. He gave me some homework to do, and recommendation that we re-visit things in a month or two. MUCH more cost effective, non-biased review of my financial status and retirement preparedness!
Doug found some problems in my data input that he corrected, offered solutions so that I could accurately reflect some complicated financial cash flows and investments and pointed out some powerful tools available that I was not aware off. Great job!
Doug's financial experience and knowledge of the tool was a great help to us in creating our plan.
I spoke with Doug in an expert planning session after I had entered my information into the Wealthtrace system. I wanted him to look at what I had and recommend ways to get it more accurate. He was extremely helpful and found a few things that I needed to fix. He also suggested some additional ways in which I could look at the data. I felt so much more confident in my retirement plan after the session. I had also come up with a rather complicated way to enter my mortgage and wanted his opinion on how accurate he thought it was. He spent some time after the session looking at it and sent me his comments via e-mail. Very thorough person. I would recommend scheduling a session so that you can fully depend on your data.
Great Session, Doug reviewed my assumptions, gave me great tips on how to better leverage the site and provided some good insight on how plan better. Well worth it.