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W
hen people seek out Ryan Hicks’ help, it’s usually
because they’re worried about whether they
have enough saved to live on in their retirement.
Fortunately for them, Hicks and his firm,
Burstin, Frantz & Hicks, have proprietary strategies in place to
help people whose portfolios could use a little boost.
“We run an insurance and wealth management firm where
we do full-scope financial analysis and comprehensive financial
planning,” Hicks said. “The majority of our clients are business
owners or retiring baby boomers or medical professionals—
pharmacists and physicians—who aren’t sure if they’ve saved
enough or whether they’ll outlive what they’ve saved.”
So, whether you have $250,000 saved or over $5 million,
Burstin, Frantz & Hicks can help you analyze your situation,
establish your future goals and help you achieve them so that
your retirement can be as enjoyable as possible without having
to worry about where the money will come from.
“For our retirees, we have a strategy that we can show
someone how to enjoy and spend their money with the
knowledge that their money would be replaced to their spouse
and heirs at a future date and time,” Hicks said. “We show people
who have saved less money how to spend it like they saved
double. I can help someone live and enjoy their retirement on $1
million as if they saved $1.7 million. That’s part of our proprietary
strategy, but every day we help people take less risk, be more
conservative in their investing and allow them to spend more
money in retirement. And for individuals farther from retirement,
I can show them problems they’re going to have regardless of
the amount of money they save.”
If that last line surprises, you, it shouldn’t. Burstin, Frantz
& Hicks has an average of 60 clients each year who officially
retire. The firm estimates that less than one percent of those
clients came to them as financial planning successes, meaning
something was amiss regarding the portfolios or 401ks they had
in place.
“We’re not living in the past,” said Hicks, a Certified Financial
Planner. “People don’t retire with a pension, gold watch and
a lunch in their honor. These are uncharted territories. Most
financial planners will tell clients to spend less—3 to 4 percent—
to make up for any shortfalls. Our strategies allow people to
live off 6 to 7 percent of their savings and take less risk with
their investments. We help mitigate risks such as downward
movements in the market, the need for long-term care
assistance, and taxes. Those shouldn’t be surprises to people;
they should be things baked into their account, and we help
them to do just that.”
For more information on Burstin, Frantz & Hicks and how the
firm can help you, go to the website at bfhfinancial.com, where
you can see all of the financial services available to clients. You
can also call directly at 412.562.4483. The office is located at
6 PPG Place. Suite 1150. Pittsburgh, 15222.
PETERS TOWNSHIP
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APRIL/MAY 2018
59