We Grilled A Professional Wealth Manager (On Video)To Help Grow Your Net Worth
We recently had the privilege of conducting a remote video chat with Pete Gutekunst, CFP?, CLU . During our conversation, we delved into some questions that you might have when contemplating your financial future. Mr. Gutekunst (we adoringly call him "Gute") shared his professional insights and expertise, shedding light on the many ways he might provide guidance and assistance.
We discussed everything from starting from scratch to managing money for the mega wealthy...like, professional athlete with endorsements wealthy.
(Side Note: Interested in being interviewed for your business like this? Learn more at the bottom of this article)
We wanted to get to the core of questions like:
?? What's the real difference between fee-based and commission-based planners?
?? What does retirement planning look like for younger generations?
?? How do you sustain withdrawal rates when it's time to cash in?
?? How do you plan for retirement if you're having a late start? When is it too late?
... And a bunch of other topics... So, we decided to share it here, along with time stamps and a summary below, so you can watch what might interest you.
Video Interview
Time Stamps
0:00:00 The Difference Between Fee-Based and Commission-Based Financial Planners
0:03:01 Taking the First Step Towards Securing Retirement with Financial Planning Advice
0:04:34 Exploring the Benefits of "My Financial Bridge" for Retirement Planning
0:07:27 Utilizing "My Financial Bridge" to Gain Better Control Over Financial Journey
0:10:20 Conversation on Retirement Planning and Financial Planning During the Pandemic
0:13:09 Conversation on Changes in Retirement Planning During the Pandemic
0:15:26 Retirement Planning Conversation with Financial Planner Pete Gutekunst
0:18:22 Conversation on Retirement Planning for Younger Generations
0:21:16 Retirement Planning: Common Misconceptions and Fears
0:23:43 Retirement Planning: Understanding Sustainable Withdrawal Rates
0:25:34 Retirement Planning: Factors to Consider for Late Starters
0:28:08 Deepening Relationships and Finding Answers Through Conversation
0:30:52 Conversation on Financial Advice for Professional Athletes: A Discussion with Gute Financial
0:32:43 Financial Planning for Professional Athletes: Setting Up a Sustainable Foundation
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Interview Summary
In this video discussion with Pete Gutekunst, we delved into the key differences between fee-based and commission-based financial planners, as well as the role of financial planners in retirement planning. We highlighted how fee-based planners, who earn a small percentage of the assets under management, are typically more motivated to maintain long-term relationships with their clients, as their revenue grows with the client's investments. Unlike fee-only planners, fee-based planners can advise on and keep client investments within the same space, offering advantages in certain situations.
Pete emphasized the importance of understanding a client's spending habits in order to gauge their ability to sustain themselves through retirement. We also discussed the My Financial Bridge tool, which captures an individual's savings, investments, and spending habits to provide a comprehensive overview of their financial situation. This visual representation serves as a reminder for clients to review and update their financial information, beneficiary designations, estate plans, and other crucial documents regularly. The bridge also helps clients identify areas of focus to reach their financial goals.
Throughout our conversation, Pete highlighted the benefits of using the My Financial Bridge system, a service that empowers clients to take control of their financial journey by organizing their finances and facilitating productive discussions with their advisors. The system can help answer vital questions such as when to take Social Security benefits and the tax implications of various financial decisions. Additionally, Pete mentioned his book, Tell Your Boss I Quit, which offers guidance for individuals looking to seize control of their finances and plan for a secure future.
Peter J. Gutekunst, CFP?, CLU?, CRPS? has been educating and helping clients implement sound financial strategies since 1994. In nearly 30 years with hundreds of clients, Pete has guided and traveled as partner in the natural progression of life with a regular income through life after the paycheck ends. The goals, challenges and opportunities shift along the way and not every couple or person has the same experiences. However, there are core values and processes that can be applied to most Americans in their financial journeys. Pete’s special talent is to help organize and facilitate the conversations around what matters most in life in order to apply sound financial decision-making. Having shared that knowledge through blogs, newspaper columns, webinars and live presentations, Pete published his first book in 2021.
Following a process Pete designed called My Financial Bridge?, he focuses on evaluating and reviewing the “whole financial picture.” By avoiding the common financial industry “rules of thumb” and by defining and aligning to individual purpose, clients are assisted in clearly identifying goals to implement well-defined plans. He helps execute a course of action designed to keep those near and in retirement on a path of making well-informed decisions while avoiding costly emotional mistakes.
With a thorough background and knowledge in retirement account regulations, Social Security claiming strategies, as well as longevity planning, Pete educates and assists in the accumulation and income distribution phases of retirement assets, while helping to build strategies to protect and pass on a legacy.
Pete is a combat decorated Marine Corps veteran of Operation Desert Storm and continues his support of military service and veteran affairs through numerous Philadelphia Area events. Most notably, Pete has co-chaired the Union League of Philadelphia Veteran Fellowship Program since its inception. Pete also serves on the Board and as chair for the Advancement Committee of Liberty Lutheran Services where he has volunteered at Liberty affiliate Artman Lutheran Home since his youth. A firm advocate for the values of the United States Constitution and the free enterprise system, Pete is an active supporter of the Union League Legacy Foundation.
Pete and his wife Cherie reside in Suburban Philadelphia where they raised three great children Ally, Zach and Jake. Having spent only one year of marriage without a Labrador Retriever by their sides, they enjoy the Jersey Shore and walks with their Chocolate Lab Chief.
Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Gute Financial Services is not a registered broker/dealer and is independent of Raymond James Financial Services.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP?, CERTIFIED FINANCIAL PLANNERTM, CFP? (with plaque design) and CFP? (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
Gute Financial Services
550 Pinetown Rd. Suite 314
Fort Washington, PA 19034
(267) 470-4109
www.gutefinancial.com
** Interested In Being Interviewed For Your Business? **
Would you like to be interviewed like we did here for Pete?
At Video Buddy, one of the services we provide is our "Virtual Video Director" service. One of our Virtual Video Directors conducts a conversational interview with you, we record it, edit it, chop it up into "snackable", micro-content videos to be shared on social media, and repurpose the videos in many different ways... like a LinkedIn Article, blog posts, promotional ads, video and audio podcasts, and much, much more.
We use the longform recording as pillar content to create multi-dozens of related content for you to share and grow your leads and and gain clients without sounding like an ad. We help you attract clients, not sell them.
Sound interesting?
Then connect with Jason Anderson . DM him and ask about our Virtual Video Director content and mention that you saw this article.
Or, text Jason directly at: 833-223-8170