WealthBridge Inc. is proud to be selected as a SmartVestor Pro because of our experience in the industry and our drive to help others. SmartVestor is recommended by financial experts such as Dave Ramsey, Chris Hogan, Chris Brown, and Rachel Cruze.
We are honored to be selected as a SmartVestor Pro and look forward to helping you achieve your financial goals. We are big fans of Dave Ramsey. He recommends working with a professional, and as his recommended financial experts, our goal is to have the heart of a teacher, provide top-notch customer service, and deliver the same, excellent advice as Dave.
With primary offices in Honolulu, Hawaii, and Los Angeles, California, we have clients all across the country, including U.S. military personnel and servicemembers throughout the world.
If you have taken Dave's Financial Peace University, listen to his popular daily radio show, or read any of his best-selling financial books, our goal is to help you implement his advice to gain financial peace of mind!
Dave's Investment Philosophy
College Savings
Insurance
Let us know if you need free quotes for these types of insurance policies!
Working With Us, Your Financial Advisor
We advise, you make decisions. This is very important. You are paying us for advice and the ability to teach you enough to make smart decisions about your investments. Retain ownership and responsibility for all final decisions. Don’t invest in anything unless you can easily explain how the investment works to your spouse. Take your time and make wise decisions! Please do not hesitate to contact us if you need any help.
We are honored to be selected as a SmartVestor Pro and look forward to helping you achieve your financial goals. We are big fans of Dave Ramsey. He recommends working with a professional, and as his recommended financial experts, our goal is to have the heart of a teacher, provide top-notch customer service, and deliver the same, excellent advice as Dave.
With primary offices in Honolulu, Hawaii, and Los Angeles, California, we have clients all across the country, including U.S. military personnel and servicemembers throughout the world.
If you have taken Dave's Financial Peace University, listen to his popular daily radio show, or read any of his best-selling financial books, our goal is to help you implement his advice to gain financial peace of mind!
Dave's Investment Philosophy
- Dave recommends that you start investing after Baby Step 3. In Baby Step 4, Dave recommends investing 15% of your income with pre-tax savings – 401(k), 403(b), TSP, Traditional IRA; and tax-free savings – Roth IRA, Roth 401(k). If your employer matches your contributions to your workplace account, then invest up to the match.
- Next, fully fund a Roth IRA for you (and your spouse, if married). If that still doesn't total 15% of your income, invest in your brokerage or come back to your work account. If you are a business owner, we can help set one up.
- Dave recommends investing in mutual funds that are divided between these types of funds based on your risk tolerance and goals: Growth, Growth & Income, Aggressive Growth, Balanced, and International. We use CWM's Inspire portfolios for our ELP clients.
College Savings
- For Baby Step 5, Dave recommends investing the first $2,000 per year in an Education Savings Account (ESA), also known as a Coverdell Savings Account. ESAs are very simple and work much the way a personal IRA does.
- If you want to invest more or if your income exceeds $200,000 annually, choose a 529 plan. If you are interested, let us know and we can help you choose one.
Insurance
- Dave recommends Long-Term Care Insurance as part of your plan when you turn 60. LTC is a wise choice even if you do not have a sizable estate to protect as long as the premiums are well within your budget simply for the quality of care it will provide.
- Dave recommends everyone purchase Long-Term Disability Insurance to replace income in the event they are disabled. The cost depends on your occupation. For short-term disabilities (90 to 180 days), a fully funded emergency fund will cover your expenses, so Dave does not recommend purchasing short-term disability policies.
- Dave recommends everyone have a 15-year (or longer) Level Term Life Insurance. Your coverage should equal to eight to 10 times your annual income. Your beneficiaries could invest the entire amount and draw 8-10% annually as income without actually consuming the original insurance amount. This replaces the income that was being generated by the deceased person.
- Dave does not recommend any type of cash value or permanent insurance such as whole life, variable life, universal life, etc. or canceling an old policy until the replacement policy is in force.
Let us know if you need free quotes for these types of insurance policies!
Working With Us, Your Financial Advisor
We advise, you make decisions. This is very important. You are paying us for advice and the ability to teach you enough to make smart decisions about your investments. Retain ownership and responsibility for all final decisions. Don’t invest in anything unless you can easily explain how the investment works to your spouse. Take your time and make wise decisions! Please do not hesitate to contact us if you need any help.
