Financial Planning Questions—Answered For You

Your financial goals are within your reach. We’ll achieve them together. At Geier Asset Management, we strive to provide you with all the resources you need to plan your future. Here are our clients’ most frequently asked questions answered for you. Don’t see an answer you’re looking for? Check back as we continue to update this page or contact us today to speak with a financial advisor.

Geier Asset Management FAQs

Is there a fee for an initial meeting?

No, there is no fee for an initial meeting.  Learn more.

Are your services “fee-based”?

Geier Asset Management’s fee structure is based on the services provided. Learn more.

Does Geier Asset Management hold my money?

No, Geier Asset Management does not hold custody over client assets. Learn more.

Does Geier Asset Management have an investment committee?

Yes. Our investment committee meets to review the current investment environment and determine if any changes need to be made to our strategies. Learn more.

What is a registered investment advisor (RIA)?

A Registered Investment Advisor (RIA) is a fiduciary who has a duty of undivided loyalty to his or her investment advisory clients and must deal fairly and honestly with them. Learn more about how a registered investment advisor can be of assistance.

How do I pick a financial advisor?

Having a trusted advisor to help you successfully navigate through the world of finances can be extremely valuable. Learn more about picking a financial advisor.

Why should I hire a financial advisor?

Working with a financial advisor allows you to objectively and logically plan for your financial future, manage risks, and answer any (and every) question along the way. Learn more about hiring a financial advisor.

Investment Advisory FAQs

How should I diversify my portfolio?

The saying “don’t put all your eggs in one basket” defines diversification in investment advisory. It is this wisdom, perhaps passed from one’s parents, of not putting everything you have in one choice that should absolutely be followed in investing. Learn more about diversifying your portfolio.

What should my asset allocation be?

The biggest question in investing is “Where should I invest my money?” Investors often wonder whether they should invest entirely in stocks, bonds, or a balanced mix of both. Learn more about your asset allocation.

What does open architecture mean when you describe your platform?

Open architecture means that we can provide investment choices to you from a broad range of offerings. As a Registered Investment Advisor (RIA) firm, we offer a unique value proposition to clients through our independence in that we are not limited to proprietary product. Learn more about what this means.

Does Geier Asset Management have access to separate account managers and private equity investments?

Yes, we have selected an array of separate account managers (third-party advisors) who have demonstrated an expertise in obtaining investment success in very specific asset classes. Learn more about our separate account managers.

How often with Geier Asset Management meet with me to review my portfolio?

The Client Manager assigned to your account will review your portfolio at least once a quarter, usually upon generation of our quarterly reports. More frequent or interim reviews can be requested by you at any time. Learn more about our portfolio review process.

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Financial Planning FAQs

What is the difference between a CFP® and other financial planners?

What separates a Certified Financial Planner (CFP®) professional from other financial advisors is that CFP® professionals are trained and evaluated in six specialty areas to provide a comprehensive approach to financial planning. Learn more about the differentiators of a CFP® and other financial planners.

How do I calculate my net worth?

Understanding and knowing your net worth will allow you to set goals and find ways to improve your finances from a holistic perspective. Click here to learn how to calculate your net worth.

How much can I afford to invest?

In today’s robust investment marketplace, you do not need to wait to accumulate a significant nest egg best you create an investment strategy. Investment alternatives are available in many vehicles such as employer-sponsored 401(k)s, IRAs, and online brokerage accounts. Learn how much you can afford to invest.

How much should I contribute to my 401(k)?

Unlike our parents and grandparents, it is an anomaly for your employer to offer a defined benefit plan or pension unless you are a federal government or state employee. However, the vast majority of empoyers offer some sort of 401(k) plan. How much should you contribute to your 401(k)? Learn more.

How much should I save for retirement?

Many individuals and families who have members approaching retirement or are already retired are concerned as to whether they will outlive their retirement funds.  The answer to this question, of course, is different for everyone. Learn how much you should save for retirement.

How much should I save for college?

Since 1985, the average cost of a college degree has risen over 500%, according to Forbes Magazine. The cost of college has become so burdensome for parents that it requires years of saving. Learn how much you should save for college.

Do I need life, disability, or long-term care insurance?

The primary purpose of insurance is to protect against risk. Specifically, insurance should mitigate financial loss by meeting financial liabilities and needs in the event of an accident, disability, or death. Do you need life, disability, or long-term care insurance? Find out.

Do I currently have an estate tax liability?

Most people, throughout their lives, accumulate a substantial amount of assets that they own. Upon their death, these assets change title and are passed on to their heirs. Based on current estate tax laws, this transfer of assets is considered a taxable transaction. Learn more.

When can I afford to retire?

The first step in determining this is to determine how much money you’ll need on an inflation-adjusted basis to survive each year. Learn when you can afford to retire.

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Tax Planning FAQs

Does Geier Asset Management offer tax preparation?

Although Geier Asset Management is not a CPA firm, we can provide personal income tax planning services and federal, state, and local income tax return preparation through our on-staff Certified Public Accountants® as well as our relationship with other tax professionals. Learn more about our tax preparation services.

How many years do I need to keep my financial records in case of an audit?

Having complete and detailed records are crucial to the preparation and support for any income tax return. For most of us, we wonder how long we need to keep our tax records after we have filed a return. In most cases, the answer is three years—but that’s not always the case. Learn how long you should keep your financial records.

What are the tax consequences of withdrawing money early from my retirement account?

There are two primary retirement savings vehicles investors typically use: an Individual Retirement Account (IRA) and your employer’s Defined Contribution Account, which is often referred to as a 401(k) plan, TSP, or 403(b) plan. Learn more about the consequences of withdrawing money early from your retirement account.

Who can I claim as a dependent?

A dependent is someone whom a taxpayer can claim on their income tax return. Typically, you may claim yourself unless you are the dependent of another taxpayer, your spouse (unless he or she files separately), and your children. Learn more about who you can claim as a dependent.

What is the annual gift exclusion?

In an effort to prohibit individuals from rapidly depleting their estate in order to avoid estate taxes as death becomes more evident, the government established the annual gift exclusion. This exclusion limits the amount of money that may be transferred to another person each year. Learn more about the annual gift exclusion.

What education credits are available and do I qualify?

There are some benefits for both the parents paying for their children’s secondary education as well as for individuals covering their way through graduate school. There are two tax credits available to help you offset the costs of higher education: the American Opportunity Tax Credit and the Lifetime Learning Credit. Learn more about these education credits.

How do I value non-cash charitable contributions?

Charities welcome gifts of not only cash, but also property. These non-cash gifts can be used by the charity itself, given to the beneficiaries of the charity, or converted by the charity into cash. Learn more about non-cash charitable contributions.

Are losses on rental properties tax deductible?

In most cases, the amount of profit or loss is simply the difference between the total of rental income less all of the expenses incurred to support the property. Learn more about losses on rental properties.

Personal Retirement Planning FAQs

What do I do with old 401(k)s that I have from a former employer?

It is likely that over the course of your career, you will contribute to multiple retirement plans. However, having multiple retirement accounts across former employers can be confusing and hard to monitor. Learn how to rollover 401(k)s from former employers.

Can my spouse contribute to a retirement account if he or she doesn’t work?

Here at Geier Asset Management, we recommend that all married individuals with qualified income contribute to an IRA. You and your spouse may both be able to contribute to either a Roth IRA or a Traditional IRA. Learn more about having your spouse contribute to a retirement account.

Which investment choices on my 401(k) platform should I invest in?

The first step in choosing investments for your 401(k) is determining when you can realistically retire. Specifically, your investment time horizon impacts how aggressively you can invest. Learn more about the different investment choices on your 401(k).

How much should I contribute to my 401(k)?

If you are not offered a pension plan, you should contribute as much as possible to your 401(k) plan (so that you will still be able to meet all of your financial needs). We believe that contributing at least 10-15% of your gross salary should be the minimum at which you should save. Learn more about how much to contribute to your 401(k).

How much should I save for retirement?

Many individuals and families who have members approaching retirement or are already retired are concerned as to whether they will outlive their retirement funds. The answer to this question, of course, is different for everyone. Learn more about how much you should save for retirement.

What are the tax consequences of withdrawing money early from my retirement account?

There are two primary retirement savings vehicles investors typically use: an Individual Retirement Account (IRA) and your employer’s Defined Contribution Account, which is often referred to as a 401(k) plan, TSP, or 403(b) plan. Learn more about the consequences of withdrawing money early from your retirement account.

When can I afford to retire?

The first step in determining this is to determine how much money you’ll need on an inflation-adjusted basis to survive each year. Learn when you can afford to retire.

retirement planning guide from geier

Company Retirement Plan FAQs

What are the benefits of implementing a retirement plan in my company?

Your ability to attract and retain the best talent can be severely handicapped without such a benefit. A decision to join your company may hinge on how your plan compares to the competition. Learn more about implementing a retirement plan.

What are target date mutual funds?

Target date mutual funds simplify the investment process, and for many investors, these funds can be an effective way to achieve diversification with only one investment product. Learn more about target date mutual funds.

If I am self-employed, what kind of retirement plans can I establish?

Self-employed people are incredibly busy. Fortunately, they can worry less about their retirement security, and focus more on running the business, by choosing from one of the many plans available. Learn more about retirement plans for self-employed individuals.

Does Geier Asset Management implement and advise on company retirement plans?

Because of the many complexities of plans, the industry has coalesced around two major types of providers: a one size fits all approach and a team approach. At Geier Asset Management, we take the team approach. Learn more about how we advise of company retirement plans.

Should my payroll provider manage my 401(k)?

The most important consideration in choosing a provider is the reputation of the firms involved. Retirement plans are long-term propositions. You want to make sure you are partnering with qualified experts in the field with whom you can build a long-lasting relationship. Learn more about our retirement plan services.

Schedule Your Complimentary Consultation Today
It’s never too early to start planning. Reach out to one of our advisors today to get your future started.

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Who We are


Meet our dedicated and experienced team at Geier Asset Management. We handle tax planning, investment management, financial planning, and retirement plan services for clients nationwide.
Joseph N. Geier, CPA

President/Client Manager
Brian Woods

Vice President/Client Manager
Gregory Palacorolla, CFP®

Director, Wealth Management
Daniel Mules, CPA

Client Manager
Brendan Winkler, CPA

Portfolio Accountant
Deborah Kresslein

Portfolio Administrator
Julie Keller

Executive Assistant