How to Avoid Running Out of Money in Retirement

December 31st, 2020

Advice on how to help your money last a lifetime from Roberts Wealth Management

Life is full of things to worry about. A recent survey from Allianz showed that two-thirds of people are more afraid of running out of money in retirement than they are of actually dying.  That may seem surprising, but it can be a very real possibility – if you haven’t planned properly.

There are a variety of factors that are contributing to increased concern and increased risk of running out of money.  Longer lives, less proactive saving, higher costs, stagnant wages and fewer people with pension plans are some of the key reasons that more of us are at risk of outliving our assets.

A new study from the World Economic Forum found that most people are expected to outlive their retirement savings.

This is because the median amount baby boomers have saved for retirement is just $152,000, according to a report from the Transamerica Center for Retirement Studies. That may sound like a lot of money, but if you withdraw $30,000 per year, those savings will only last five years.

So, what’s the secret to not running out of money in retirement? It can be tough to calculate how much you’ll need, especially when nobody can predict exactly how many years you will spend in retirement. Luckily, there are a few things you can do right now to help ensure you have the best chance of making your money last the rest of your life.

Here are SEVEN suggestions to help prevent outliving your savings and put your mind at ease.

OPTIMIZE Social Security

Summer Roberts

Your first line of defense against running out of money could be Social Security. Social Security payments are guaranteed to continue for the rest of your life, no matter how long you live, and are adjusted for inflation each year. Plus, they don’t fluctuate with the financial markets. However, it’s a good idea to take steps to help optimize your payments by carefully deciding when to sign up for benefits.  “Every year that you delay taking Social Security after full retirement age, you get an 8 percent increase in the benefits that you take,” says Summer Roberts, CEO of Roberts Wealth Management. While you can claim them as early as age 62, doing so will result in a reduction in benefits of up to 30%. The only way to receive the full benefit amount you’re theoretically entitled to is to claim at your full retirement age (FRA). By waiting until after your FRA to claim (up until age 70), you’ll receive a boost in benefits of up to 32% on top of your full amount.

For example, if your benefit at the current full retirement age of 66 is $1,000 but you opt to claim at 62, it would be reduced to $750. If instead you wait until age 70, it would be $1,320. Yet less than 2 percent of men — and only 3 percent of women — wait that long to claim their benefit.  “We have found that crafting a Social Security Optimization report for our clients helps them narrow down the options for filing Social Security from the thousands of choices to only a few.  This could be a critical decision where most of our clients need our help,” states Roberts.

Ease Into Retirement

Don’t feel pressure to go from 100% to 0%.  You may be counting the days until you can quit your present job, but that doesn’t mean you can’t take on some part-time work you enjoy.  Keeping busy and productive could help your physical and mental health, while also helping you avoid running out of money in retirement.  Every dollar you earn is one less dollar you have to withdraw.  Remember, every day you delay withdrawing from a retirement account is one more day your dollars can keep growing.

Assume You’ll Live Longer Than You Think

Many people who are close to retirement today spent their childhood years during a time when life expectancy was significantly lower than it is now.  When the Social Security Program was first created, life expectancy was around 65.  Today, the average life expectancy is close to 80 and there’s certainly a significant possibility that you will live longer than average.  It’s important to not let the memory of what things were like back then distort the realities of today.  You need to plan for your assets and cash flow to last much longer than you think. It’s better to save up for too many years of retirement and leave the excess wealth to relatives than to prepare for too few years and end up depending completely on Social Security.

You also can’t forget about inflation. Prices have more than doubled in the last 30 years. Historically, U.S. consumers have seen price increases of about 3 percent a year. Using that figure as your guide, plan on having double the amount of money you have today to maintain the same standard of living in 20 years.

Build Up Your Emergency Fund

You need to assume that there could be some blow-ups around the house, on the car, and in the economy at least to the extent that you have some short-term resources which allow you to accommodate those inconveniences.  Your emergency fund shouldn’t be confined to only a checking or savings account. While you should absolutely have money in these accounts for emergencies, your portfolio should also include some segments of assets that can be tapped when the other sectors are suffering from a market hiccup. Failing to plan for an unforeseen emergency can potentially drain your accounts quickly. Planning for these events in advance is an essential step in helping you avoid running out of money in retirement.

Think About How You’ll Cover Healthcare Costs

Healthcare costs are one of the biggest (yet most unpredictable) expenses you’ll face in retirement, making them difficult to plan for. You may spend a little more than your standard premiums, or you could spend thousands of dollars per year on out-of-pocket expenses. Since you can’t predict exactly how much you’ll spend on healthcare, you can, and should, prepare the best you can for these costs.

Regardless of your health history, there are certain costs you will always be responsible for. Once you turn 65, you’ll be eligible for Medicare. With Medicare coverage, you will still be responsible for all premiums, deductibles, and coinsurance, as well as any other out-of-pocket expenses Medicare won’t cover.  Original Medicare (or Parts A and B) doesn’t cover most routine care, such as dental and vision care, nor does it cover prescription drugs – you’ll need Part D coverage for that. You can opt for a Medicare Advantage plan that offers greater coverage, though these plans are often more expensive than Original Medicare.

Long-term care is another expense Medicare won’t cover. This cost can be significant, too. According to the U.S. Department of Health  and Human Services, the average cost of a semi-private room in a nursing home is around $6,800 per month. Long-term care insurance can help cover some of these costs, but the key is to enroll early — if you wait until you’re in your 60s or later, insurance providers will either charge you sky-high rates or refuse coverage altogether.

Downsize as appropriate

Some people can’t wait to retire early and live a simple life far from the crowd. Choosing a low-cost place to live could help your money last longer. If you can live without a boat, car, big house and a string of expensive vacations, you can stretch out your retirement funds for a long time. Now remember, you don’t have to downsize all at once. You can downsize in stages as your finances, interests and abilities change over time.

Additionally, the home you’re living in probably provides a great deal of emotional comfort.  It may be where you raised the kids, where you’ve experienced wonderful memories, and where you’ve built a beautiful life.  Whether or not you’re considering downsizing at some point, you should keep in mind that your “home” is also an asset, and the equity in that asset may provide a secondary emergency fund. Now we don’t recommend that everyone should tap into their home to fund retirement, but, as you’ve probably gathered from the tone of this article, we’re big advocates of developing “plan B” options so you can weather all the storms life may throw at you and your home may be one of those contingency plans.

“When you get into retirement, if you really want to make sure that you don’t outlive your assets, you need to control your withdrawal rate,” says Summer Roberts. “Somewhere around a 4 to 5 percent withdrawal rate of your assets is probably the most you can do. If you can make sure your lifestyle stays at or below that number, you are setting yourself up for success.  Better yet, set up an income plan that doesn’t rely on withdrawals, but can provide you guaranteed lifetime income.”

Consider an Annuity

With financial insecurity on the rise, many Americans are looking for potential ways to have guaranteed lifetime income. Retirees could use an annuity to supplement Social Security, providing another source of long-term income.

An annuity is a form of insurance that helps to reduce risk and provides lifetime income during retirement and is backed by the financial strength and claims-paying of the issuing insurance carrier. Depending on the type of annuity you buy, the annuity might accrue interest. As they increase in value, most annuities offer tax-deferred growth while shielding the owner’s principal from swings in the market. In general, when you are ready to begin receiving income, your annuity is paid out over time in installments of your choice: annually, monthly, etc. Often, retirees choose to receive monthly payments for the rest of their lives.

Important to note, not all annuities are alike. When considering whether an annuity is right for you, be sure to ask your financial professional about the different types of annuities, including variable and fixed indexed annuities. It’s also a good idea to ask for details about terms and conditions that could apply to the annuity, as well as how and when you can access the money.

The downside of an annuity is that some annuities may have high fees and complicated mechanics. It’s very important not to invest all of your wealth in an annuity because you might need funds available to cope with emergencies. “It can be important to work with an independent financial advisor when looking into various investment vehicles.  An advisor who is independent can shop around for which annuity or vehicle suits your and your family’s needs best,” says Roberts.

Making sure your retirement is properly funded is more challenging than ever between risks like market volatility and concerns of economic uncertainty. On top of that, we’re also living longer than we used to.  However, retirement worries don’t have to keep you up at night. The right financial advisor can help you make sure you’re on track to have the savings you’ll need to avoid running out of money during retirement.

Planning for retirement is ultimately a challenging guessing game, as there’s no way to predict exactly how much you’ll need to last the rest of your life. For this reason, you should consider receiving objective financial advice from an independent, family-owned & operated comprehensive wealth management firm, like Roberts Wealth Management, to help guide you on the path toward your ideal retirement life. Everyone is capable of avoiding running out of money during retirement; getting there simply takes proper planning.

About Roberts Wealth Management

An independent, family-owned & operated comprehensive wealth management firm delivering personalized financial guidance. A better way to retirement.

  • Independent
  • Trustworthy
  • Client-First Approach

“The Roberts Wealth Way” We don’t measure ourselves against other advisors, firms or market benchmarks. Our success is defined by measuring ourselves with meeting our clients’ goals, each of which are unique.

281-549-6515 | RobertsWealthTexas.com

Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Roberts Wealth Management are not affiliated companies.  Investing involves risk, including the potential loss of principal. Any references to [protection benefits or lifetime income generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Neither the firm nor its agents or representatives may give tax or legal advice.  Individuals should consult with a qualified professional for guidance before making any purchasing decisions. Hypothetical examples are provided for illustrative purposes only; it does not represent a real life scenario, and should not be construed as advice designed to meet the particular needs of an individuals’ situation. We are an independent financial services firm helping individuals create retirement strategies using a variety of insurance products to custom suit their needs and objectives. Our firm is not affiliated with the U.S. government or the federal Medicare program. Annuities are intended for retirement or other long-term needs. Guarantees are backed by the financial strength of the issuing company. Annuities are not bank or FDIC insured. 00782038 12/20

Tags: , ,
Posted in Business, News | No Comments

Roberts Wealth Management

January 1st, 2020

7 Reasons Why You Should Consider Using an Independent Financial Advisor

Making long-term decisions about money can be difficult and even a little scary. You may have already realized that you need financial help that goes beyond reading blogs and books or getting suggestions from your neighbor or office co-workers. During your lifetime, you’re more than likely going to encounter periods of both good and bad market performance. For those reasons and more, when planning for your retirement, it’s increasingly important to seek guidance from a fiduciary-based financial advisor who can help you structure an income strategy that reflects your risk tolerance and investment objectives.

A financial advisor can help provide you with a range of financial planning services, from investment management to budgeting guidance to legacy planning. With so much at stake, it’s important that you feel you can trust your financial advisor to consider a wide variety of possible solutions for your specific situation. You don’t want just any financial advice, you need objective, personalized financial advice. You also want to have confidence that the advice being provided to you by your financial advisor is in your best interests – not theirs.

As the demand for objective, personalized advice grows, it seems that more and more people are choosing to work with independent financial professionals who provide more comprehensive advice including legacy, retirement, investing, taxes, education funding and insurance planning. If you want a solid working relationship that helps you make smart financial decisions, it helps to know what you’re getting into.

We sat down with League City’s Roberts Wealth Management CEO, Summer A. Roberts, and her dynamic team to help break down why considering an independent financial advisor can be important. We narrowed it down to what we feel are the top seven benefits:

1. Independent Advisors are Just That, Independent
These advisors are not bound to any one company, family of funds, investment products or services. According to Summer Roberts, “This allows us to keep many tools in our tool bag and pull out the ones that could be most beneficial and effective for each individual, unique client. If the goal is to change a light bulb, we don’t only have hammers to choose from. We look at all available options and choose the tools that are most appropriate and best suited for that particular family and their specific needs.” It is for this reason that independent advisors are able to help provide you with customized guidance based on your entire financial picture.

2. The Fiduciary Duty of Care
Investment Adviser Representatives are held to a fiduciary duty of care, which means they are legally required to put the best interest of their clients first when providing investment advice. When insurance recommendations are made, the regulatory standard that applies is the suitability standard which means that the recommendations meet your needs and objectives. Coby Culpepper, Associate Financial Advisor with Roberts Wealth Management states, “This means we are legally obligated to offer investment guidance that will best serve our clients’ interests. It gives me great pride to provide our clients with the highest level of knowledge, recommendations and analysis, because my loyalty is always to them first, our clients!”

3. Accountability
In order to offer advice that is objective and closely aligns with your retirement goals, an independent financial advisor must build a strong understanding of your current financial situation. As a result, they must focus on building a deep relationship with you – a relationship that is responsive, attentive and personal. In addition, since independent financial advisors are also typically successful entrepreneurs, they hold themselves personally accountable to you directly.

4. Variety
Independent financial professionals, like Roberts and her team, are not limited, meaning they are able to work with many financial institutions providing the freedom to choose from a wide range of investment and insurance options in order to tailor their advice based on what is best for you. This increases the likelihood of being able to provide the best options for their client’s needs. In contrast, a captive advisor works with one company or financial institution, thus is only able to offer their proprietary products.

5. Client Experience
As small-business owners, independent financial advisors are likely to have fewer clients than larger companies. If a quality, high-touch client experience is important to you, then you may have better luck finding it with an independent advisor. “At Roberts Wealth Management, you have access to the entire RWM Team in which each member plays a vital role in providing you with a quality client experience. We have worked diligently to put together a detailed process to deliver high-quality and high-value services to our clients,” expresses Colleen Duncan, VP of Client Relations at Roberts Wealth Management. “Most importantly, we don’t believe in treating our clients like numbers – they become part of our family.”

6. Transparency
Typically, independent financial professionals are fee-based advisors. This fee-based compensation model allows for transparency in the guidance that is given to clients with no hidden advisory fees and no bias due to conflicts of interest to sell a certain product line or company offering. This method encourages growing the clients’ securities assets – when the client makes money, so does the advisory firm. Paul Roberts, Founder of Roberts Wealth Management, said it best; “Being a fee-based firm puts us on the same team as our clients. When the client wins, we win and when they lose, we lose.”

7. Planning, Not Selling Products
Because of benefits 1-6 listed above, independent financial advisors are able to offer detailed financial goal planning and tracking. When it comes to your financial future, it’s not only about investing. Independent advisors are better able to focus on a comprehensive approach to financial planning, which could include investment management, risk management, institutional allocation, diversification, income planning, estate and legacy planning as well as advanced tax efficient planning and optimization.
Planning for retirement today can be challenging. For this reason, you may want to consider securing objective financial advice from an independent, family-owned & operated comprehensive wealth management firm like Roberts Wealth Management to help guide you on the path toward your retirement success.

Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Roberts Wealth Management are not affiliated companies. Investing involves risk, including the potential loss of principal. Insurance products are sold based on the suitability standard at both the state and insurance carrier level; this means that product recommendations must meet the stated financial needs and objectives of the client. Investment advisory services are required to be provided in accordance with a fiduciary standard- this means that the advice must be in the best interest of the client with any conflicts of interest fully disclosed to the client. Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions. 00426033

Schedule your visit today and enjoy our New Year’s Gift to you!

• Your personalized Social Security maximization report
• Income analysis report
• Risk and fee analysis report

Give us a call at 281-549-6515 to see if you qualify

Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Roberts Wealth Management are not affiliated companies. Investing involves risk, including the potential loss of principal. Neither the firm, nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified professional for guidance before making any purchasing decisions. The firm is not affiliated with the US government or any governmental agency. 00396709

Tags: , , , , , , , , ,
Posted in Business, Education, News | No Comments

THE Roberts Wealth Management Answer to your Retirement Plan

January 2nd, 2019

Roberts Wealth Management is well known and respected for providing clients with a personal, integrated retirement plan.

The Retirement Plan is based on three principles- Trust, Integrity, and Customer Service. Roberts Wealth Management has offices in the Houston- Bay Area, Houston- West Sugarland and the Mississippi Gulf Coast. The Houston Bay Area team is led by financial professional Summer Roberts-Hager. They have experienced tremendous growth in new clients the past few years and continue to provide the quality personal care they are known for.

“While the day-to-­-day business of a financial advisory firm may sound mundane, we can assure you, that’s not the case at RWM. We have a simple mission: To have a dramatic impact on the life of our clients. We are passionate about helping our clients grow and protect their life savings, and just as passionate about helping them improve their lives. When we go out of our way to help our clients, we have the opportunity to make a difference both in their life savings and in the quality of their lives. Helping to improve people’s lives is not a bad way to spend your time. Some companies have a mission statement that is just something they hang on the wall – it doesn’t have a lot to do with their day-­-to-­-day operations. That’s not the case here. We wear our mission like a suit of clothes, because living it every day is the only way we’re going to be successful,” stated Summer.

This client-centric firm focuses on existing clients and also welcomes new customers. Summer Roberts confidently stated, “The goal of Roberts Wealth Management is to help each client on an individualized basis. We look at each family’s wants and needs to find a financial plan that is right for them. There is no cookie-cutter plan at our firm.” Roberts Wealth Management believes first in helping to protect your assets and second is the opportunities to grow wealth. Their goal is to help protect your financial future.

Roberts Wealth Management’s model is simple. “It’s like building a house.” The first thing you do when building a home is to lay your foundation. Your foundation must be strong, sturdy & there when you need it. Your retirement plan is no different. Your “foundation” money should be the protected, safe money that you cannot afford lose. The next phase in building a home is to frame it or put up your walls. When a big storm or hurricane comes through, your foundation is secure, your walls can take a lot of beating & pressure although they may crack, crumble a little or even flood, but it takes quite the storm to just knock them down. This is how the investments in your portfolio “walls” should act, similar to low & moderate risk portfolios. Then, finally, you get to the top of your home, your roof. Your roof is typically the first thing damaged in a hurricane – similar to higher risk portfolios.
“The important thing is to make sure that your retirement ‘house’ is structured appropriately,” says Summer, “meaning that you must lay your foundation first. Then you can build your home on top of it.”

Roberts Wealth Management is very excited to see continued growth in its future. The economic indicators show that 2019 could be a positive upcoming year. However, political and government issues may come into play, somewhat but possibly at a minimum. Founder, Paul Roberts, states [1], “Consumer confidence determines some of the markets trends and it is affected by people’s emotions, we cannot predict that.” A solid retirement plan is important to help protect the income you have worked hard for and earned over many years. Roberts Wealth Management’s goal is to offer you a comprehensive, thoughtful retirement plan. “Your plan should provide retirement income and growth.” Roberts concurred.
For all of you retiring this year or in the future it’s never too early to begin a life savings plan. Roberts Wealth Management can be reached at 281-549-6515 or email at [email protected] or online at RobertsWealthTexas.com

Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Roberts Wealth Management are not affiliated companies. Investing involves risk, including the potential loss of principal.

Any references to protection benefits, or safety generally refer to fixed insurance products, never securities or investment products.  Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Neither the firm nor its agents or representatives may give tax or legal advice.

Individuals should consult with a qualified professional for guidance before making any purchasing decisions. 697045

UPCOMING WORKSHOPS:

Jan. 10 – Friendswood
Feb. 5 – Pasadena

“Give us a call at 281-549-6515 and reference the code BAM2019 to see if you qualify!”

Tags: , , , , , , ,
Posted in Business, News | No Comments

Business Buzz

March 1st, 2017

Proposed new medical office building in Webster.

Medical office building planned for Webster
Bay Area Regional Medical Center and Medistar Corp. plan to build a new 60,000 square foot medical office building near the intersection of East Medical Center Boulvard and Highway 3 in Webster. The project is scheduled to start in the third quarter of 2017.

The building will support the continued growth and active expansion of Bay Area Regional, which recently became the first and only hospital in Houston and only the fifth in Texas to achieve Chest Pain Center Accreditation with PCI and Resuscitation from the Society of Cardiovascular Patient Care.

It also will complement the services provided for the community by PAM Bay Area Rehabilitation Hospital, which is operated by Post Acute Medical, LLC. Featuring 45 private rooms, this modern inpatient rehabilitation facility was developed in 2015 by Medistar.

Monzer Hourani, founder and CEO of Medistar, said, “This new medical office building will provide exceptional convenience and further enhance Bay Area Regional’s position as a medical destination of choice for patients and providers.”

Also in the Webster area, Medistar is developing a new 70-bed skilled nursing facility to further complement the rapid growth of Bay Area Regional, which Medistar is currently expanding from 104 to 191 total beds.

Roberts attend financial event
Staying current on the ever-changing economy and government regulations while refining industry skills and knowledge can prove difficult for financial professionals, especially those who are independent, like Summer Roberts and Paul Roberts.

But rather than go it alone, they flew to San Diego, Calif., to be informed and inspired by over 400 of their peers, hosted by a renowned financial marketing organization.

Designed to bring together some of the top financial professionals in the country, the annual event aims to share ideas and strategies with producers to help them improve their businesses, and, ultimately, better serve their clients.

“I’m excited about this event because it brings together hundreds of the most brilliant and successful financial minds all under the same roof to share ideas and experiences first-hand!” It’s invaluable education,” Summer says.

Barrios honors nine employees
Barrios Technology recently presented employees with Silver BEAR (Barrios Employee Award and Recognition) awards. Each recipient was commended for their high level of expertise and outstanding performance supporting NASA’s International Space Station Mission and Program Integration contract.

Employees recognized included Karen Bratton, Erik Marsh, Erin Thornton, and the six-member ISS Conference Facility Team (Mary Kerber, Jessica Henderson, Ann Herring, Richard Morphis, Todd O’Neal and Mark Zuteck).

Tags: , ,
Posted in Business, News | No Comments

Roberts Wealth Management: A Success Story of Giving and Growing

January 1st, 2017

The Roberts Wealth Management Team.

GIVING BACK TO OUR COMMUNITY
With success comes a responsibility to give back to the community that has supported you. Roberts Wealth Management owners, Paul Roberts and Summer Roberts understand that commitment. They support the Make a Wish Foundation and at Christmas, collect toys from their many clients, then match the toys donated, and give them to Bay Area Turning Point. They also donate to Bay Area Pet Adoptions, a shelter and adoption organization in San Leon.
 

Summer Roberts

WHAT MAKES US GROW
“The Roberts philosophy is one of consistency and works to our clients benefit”, says Paul. The Roberts Wealth Management office has doubled in growth every year since expanding to their League City location. There are many reasons for this success and one of the most important is the high rate of referrals from clients. There is no better testimonial for a business and because of the number of referrals, Paul and Summer can spend the majority of their time working with their clients instead of trying to recruit new ones. The personal contact with clients and time spent analyzing what is best for each of them makes up the largest portion of their daily routine.

“Our consulting and advice is customized to fit each client’s situation. We are not selling products,” Summer says, “We look at where each family’s needs are and offer our clients positive solutions to secure their financial future.”

Roberts Wealth Management office reception area.

A PROGRESSIVE STRATEGY FOR OUR CLIENTS
Paul and Summer, a true family team, have recently formed the Texas Wealth Authority, a unique concept in client options for answering financial planning questions. For instance, suppose you have a need for very specific advice concerning estate planning; a question about taxes; refinancing your home or whether to buy or lease a car; all fundamental things that come up in everyday life. As a client of Roberts Wealth Management you have specialists at your disposal to give you the best advice that fits your particular situation. This is not a referral group, but actual professionals and authorities in their particular fields that are “on call” to assist the Roberts’ clients with whatever need may arise.

Paul Roberts, Jr.

THE ROBERTS WEALTH MANAGEMENT MESSAGE  
Our typical client is your everyday American family who has worked hard over the years to accumulate a nest egg and needs true retirement planning help. Summer says, “A large part of our expertise is centered on 401 k rollovers and in-service rollovers. Whether you are still working (59 ½ or older), retired, or have been laid off, sometimes we can roll that money out of your 401 k plan as a tax free rollover into an IRA where you can be in control of where you put it.”

The options for financial advisors are everywhere. It is an industry with a lot of large national companies that tend to have a “cookie cutter” program for clients. Whether you are dissatisfied with your current financial adviser or looking for a first time advisor to make a more secure future for you and your family, the question arises…..who do I trust to manage my retirement and my family’s financial future?  One of Paul’s favorite sayings is “We are a Main Street firm, not a Wall Street firm. We look at what fits the financial needs for local, Bay Area Houston families.”

You can contact the Roberts Wealth Management family team by calling 281-549-6515 or come by the office in League City at 3027 Marina Bay Drive. For more information visit www.RobertsWealthTexas.com.

Investment Advisory Services offered through Global Financial Private Capital, LLC, an SEC Registered Investment Adviser.  Insurance and annuity products are sold separately through Summer Roberts & Paul E Roberts Jr.

 

LOCATIONS:

Houston – Bay Area
Houston – West
Sugar Land
MS Gulf Coast

[email protected]

Phone 281-549-6515

Fax 832-864-3605

RobertsWealthTexas.com

Tags: , , ,
Posted in Business, News | No Comments

Rapid growth spurs expansion of wealth management firm

September 1st, 2015

Summer Roberts

              Summer Roberts

A focus on proactive service and a penchant for treating clients like family has proven to be a winning formula for the Roberts family of Roberts Wealth Management, as the firm stands poised to unveil a 3,500 square foot expansion of its existing Bay Area Houston office.

The firm of independent financial advisors operates from three office locations in Texas and one in Mississippi. The Bay Area Houston office, located at 3027 Marina Bay Drive in League City, has been in business since 2010. Its dramatic growth prompted firm founder Paul Roberts to relocate from the Biloxi, Miss., office to this area to help handle the growing workload and clientele.

Roberts joined his daughter, Summer Roberts, who serves as president of the firm, to operate the Houston and Bay Area offices. They credit their rapid growth largely to referrals from existing clients.

Paul Roberts

           Paul Roberts

“In this age of do-it-yourself everything, people have really responded to the personal, client-centered service we offer and have made a point of recommending us to their friends and family,” Summer Roberts said.  “That’s been very gratifying, and we want to ensure we’re able to continue to provide that level of service to everyone who chooses to become a part of our firm family.”

The office expansion will accommodate additional staff members, as well as space to conduct educational workshops and other client events. The new space will be on the first floor of the office building, offering easy access for clients.

“It’s been a long process of bringing on additional staff and preparing the new space in order to maintain the high level of service our clients have come to expect, but we believe it’s what our clients deserve,” Summer Roberts said.

For additional information, call 281-549-6515.

Tags:
Posted in Business, News | No Comments

Business Buzz

February 1st, 2015

Summer Roberts at Desk - Bio Pic3-Mentors honors Summer Roberts

Financial Professional Summer A. Roberts of Roberts Wealth Management was honored during an exclusive “Financial Professional Training Conference and Awards Ceremony,” in Laguna Niguel, Calif., by 3- Mentors, Inc. in January.

She was presented with a “2014 President’s Award” by 3-Mentors’ founding members Gary Reed, David Gaylor and Rodney Harris and was also recognized as the “Breakthrough Individual of the Year.”

“The President’s Award is given to a select few Financial Professionals as recognition for demonstrated excellence within their practice and outstanding client dedication,” Gaylor said.

“3-Mentors recognizes the drive and determination it takes to bring a financial practice to the next level. For that reason, we grant the “Breakthrough Award” to individual producers that reach this important step in their career.  Summer was one of three individuals nationwide to receive this prestigious award.”

“We chose Summer,” Reed said, for this important distinction as someone that consistently performs at a very high level within her industry and is held in the highest regard by both peers and clients alike.

Harris added, “Summer exemplifies a client-centric philosophy by never failing to put her clients’needs at the forefront of everything she does.  She truly embraces her responsibility to assist her clients’ in the protection, growth, and distribution of their wealth, with the most balanced approach possible.”

“Today’s retirees, and those approaching retirement require more than just a financial professional. They need someone to help them navigate their retirement planning, not only as a trusted guide through the various challenges, but also to help identify the myriad of opportunities that exist.  We are proud to be one of those firms and to provide these services for the people of Houston,” says Summer.

For more information about Summer and her firm’s services, you can reach Roberts Wealth Management at 281-549-6515 or visit their website at www.RobertsWealthTexas.com

Dana Tobeck earns SFA Honoree Award

The Space Flight Awareness program recently recognized Barrios Technology‘s MAPI employee Dana Tobeck with the prestigious SFA Honoree Award for her dedication and commitment to the ISS Program.

Tobeck, a principal project controls specialist, was recognized for her leadership in establishing work plan and management systems. Tobeck developed a measurement system along with training for MAPI management that ensures quality Annual Work Plans (AWPs) and provided management insight into work variances.

Tobeck has worked in the space industry for over 15 years on various NASA programs.  She earned a Bachelor of Science degree from the University of Houston, as well as a graduate degree from Texas A&M University.

The SFA Honoree Award is one of the highest presented to NASA and industry.

ExxonMobil to be honored

The Greater Houston Port Bureau will recognize ExxonMobil’s exemplary contributions to the Port of Houston and the surrounding region at the Port Bureau’s 86th Annual Maritime Dinner Aug. 22 at the Bayou City Event Center.

“The Port Bureau Board of Directors selects a person or company that has made a lasting impact on the port region to honor at our dinner,” said U.S. Coast Guard Capt. (Ret.) Bill Diehl, bureau president.

“ExxonMobil contributed significantly to the port region in 2013 and 2014 through community events, educational programs and industry expansion, adding to its long history of driving economic activity along Houston’s waterfront and supporting the surrounding community. We are privileged to recognize their contributions.”

Tags: , , , ,
Posted in Business, News | No Comments

Roberts Wealth Management

January 5th, 2015

Team

Helping valued clients reach their financial dreams in Bay Area Houston

By Betha Merit

What began as an extension of the family business, Roberts Wealth Management of Texas has turned into a results-driven powerhouse.  The Roberts Wealth Management team focuses on staying relevant within an industry that is constantly evolving.  What worked several years ago may not yield the same results today.

Their 3-Step Review is their comprehensive approach to help you discover your true financial desires and needs and whether your current strategies match up with your plans.

SAR working

Managing Partner, Summer Roberts researches her cleints’ best options.

Under the leadership of Summer A. Roberts and Paul E. Roberts Jr. at the League City office, you can trust that your retirement will be managed according to your unique needs and goals.  Their business is based on family values, which means you will never be just an account number.  The Roberts team helps you with income planning, to identify your income gaps, align those with your financial goals, and “carve out the income streams you need so you never have to go without.”  The advisors of Roberts Wealth Management listen to their clients, to help them make informed decisions regarding everything from balance of available liquid funds to growth investments (stocks, bonds, insurance) to whether the client should pay off a mortgage or sell a property.

In addition to helping you accumulate assets, “Our job is to help you look forward and cut future tax bills, and help you avoid financial problems in your retirement years and your estate planning,” says Paul.  It is rare for Roberts Wealth Management to lose a client.  And, it is no wonder.  With philosophies like “Stop the financial insanity” and “If you do what everyone else does you’ll have what everyone else has,” Roberts Wealth Management demonstrates their personalized approach.  “We offer carefully chosen private wealth management for select individuals,” says Paul, “and what we do, works.”

Founding member and Chief Investment Officer, Paul E. Roberts Jr. is Summer’s father.  Paul serves his clients by helping to protect their assets and preserving their hard-earned lifetime savings.  Paul has 44 years of experience, knowledge, and loyalty in providing for clients.  After 22 years as managing partner of Roberts, Cooper and Rasor CPA firm as a practicing CPA, he founded Roberts Wealth Management in 1993 to specialize in asset preservation and retirement planning in Biloxi, Miss.

“The impetus for founding Roberts Wealth Management was a result of the simple question, ‘Why no gain?’” says Paul.  At his CPA firm Paul prepared taxes for clients and discovered a pattern of no gain in their investments.  The idea of preservation of principle as a first concern, not a last, took hold.  “You win by not losing big,” says Paul.  Roberts Wealth Management utilizes fresh ideas in regards to estate planning and investment techniques in order to design and implement personalized plans that will reduce financial risk, lower taxes, and avoid probate.  It is a 24/7 job.  “It’s not what you make, it’s what you keep,” says Paul.

Summer got her first taste of Texas while getting her bachelor’s degree at Southern Methodist University in Dallas. “I love Texas and its never say die spirit,” says Summer.  While working as a legal recruiter in New Orleans, La., Summer was promoted as the youngest sales manager in the company.  This afforded her the opportunity to move back to her beloved Texas.  She loved her job, her success, and her new life in Houston.  And then she attended one of Roberts Wealth educational workshops.

PER working1“I was so inspired and motivated by the passion of my family to help others secure their financial futures, I resigned my sales management position the very next day,” says Summer. Her siblings April R. Roberts, J.D. and Paul E. Roberts III are also managing partners of Roberts Wealth Management offices, in Sugar Land, and Biloxi, Miss., respectively.  Summer states that each of them were mentored by their dad, Paul, for a year as they shadowed him before starting each office.  “There is old world investing and there is new world investing.  We all work together to help each of us stay in new world investing strategies,” says Paul.  It is a synergy of experience and passion with the same goal of knowing clients as individuals and keeping their retirements secure.

After opening the very successful Houston office, Summer discovered Bay Area Houston was where she really wanted to live and work, all because of a fortuitous wrong turn on her way to Galveston. That led to her finding a home in Clear Lake Shores where she enjoys spending her time outdoors with friends, family, her two shelties, and soon her baby son, expected in the spring.  Paul and his wife, Jo Lynn, moved to Bay Area Houston recently to help expand the League City office, and be near both daughters.

Roberts Wealth Management hosts educational workshops many times a year.  Workshops last about 75 minutes and cover a variety of financial topics towards the goal of getting your financial house in order.  Roberts Wealth Management limits their client base to maintain their individualized level of service.  Free consultations are offered by appointment for individuals of $250K net worth or higher.

Roberts Wealth Management has Texas offices in League City, Houston, and Sugar Land, and Biloxi, Miss.  They are a fee-based money management company of serious fiduciaries.  www.robertswealthtexas.com.  3027 Marina Bay Drive, Suite 240, League City, Texas 77573; 281.549.6515.

Legal Disclaimer
Investment advice is offered by Horter Investment Management, LLC, a Registered Investment Advisor.  Insurance and annuity products are sold separately through Summer Roberts & Paul E Roberts Jr.  Securities transactions for Horter Investment Management clients are placed through Pershing Advisor Solutions and Trust Company of America.  

Tags: , , ,
Posted in Business | No Comments

Bay Area Houston Magazine