Workers worried about retirement have a new resource right here in town ? Retirement Resources in Clarkston Mills.
David Boike and his sons DJ and Jake offer advice and consulting services to those planning their retirements, which should include everyone, David said.
‘Ideally, you should plan for retirement the day you start working ? saving and investing right from the start,? he said.
The family business focuses on taxes, retirement planning, long-term care, estate planning, investment management, and family finances with a local perspective.
They review client’s goals and objectives and offer recommendations on how to reach them, David said.
‘When considering risk, a good rule-of-thumb is to keep safe a percentage of savings and investments equal to your age ? a 60-year-old person should put 60 percent in safe accounts with lower return, and 40 percent in riskier avenues offering potentially higher return,? he said.
‘I see people 65-75 investing as if they’re 25 years old.?
‘With this market, risk is something most people should try to avoid,? DJ said.
‘If people would save 10 percent and invest another 10 percent, with 80 percent to live on, they wouldn’t have any problems come retirement time,? David said. ‘But in America, typically, people spend 100 percent of what they make, more than 100 percent.?
The Boikes founded Retirement Resources in Flint in 2000, opening the Clarkston office about six months ago.
‘Many of our clients are from down here,? said David, who has more than 27 years financial experience. ‘We decided we needed something like a conference room here.?
They plan to open a full office in Clarkston next year.
‘I like the area ? there’s a lot of history, and nostalgia in this building,? he said. ‘People know about it, they know where it is.?
David invited his sons because they knew the business.
‘They have been around the business ever since they were born,? David said. ‘The three of us are very unique ? we take a team approach. We meet with clients, then meet as a team, putting all three of our backgrounds into it.?
David is an investment advisor representative and chartered financial consultant. Cherie, his wife and DJ and Jake’s mother, is also active in the business.
DJ, married to Jennifer and father of four, is a certified tax preparer, registered financial consultant, and licensed insurance agent.
Jakes, married to Dana with two children, is a registered financial consultant and licensed insurance agent. He specializes in insurance, and also meets with client’s children and grandchildren.
‘I can relate to them, to their age,? he said.
Their philosophy is to treat clients like they would want to be treated
‘If my own mom and dad wanted to invest, how much would I want them to risk,? David said.
For more information about Retirement Resources, 20 W. Washington, Suite 6B, check www.theretirementresource.org or call 877-732-5751.