Can Your Advisor Do This? Ep 121 Artwork

Excel in Retirement

Where financial planning becomes understandable. David brings interesting stories each week to listeners of his Excel in Retirement show along with actionable ideas that may help listeners avoid pitfalls that many people face in their retirement. David C. Treece began his career in the financial services industry in 2011. He is an independent financial adviser. He has passed the Series 65 securities exam, and he is health and life insurance licensed in several states. David’s financial advisory firm focuses on retirement income planning.David worked for two other financial advisors before founding his firm in 2018. David launched Clients Excel because he has a desire for his clients to have a second to none experience when it comes to their financial planning for retirement. David relentlessly strives to be the best at helping people prepare for retirement.The bedrock of David’s ethos is treating others as he would want to be treated.David works tirelessly to continually bring pertinent content to our clients and friends through our weekly newsletter and podcast. Through these, David brings informative content that may aid you in preparing for retirement. Through his financial planning work, David’s hope is that his clients are empowered to have a confident financial future.David and his wife, Mallory, have a daughter named Amelia and rescue dog named Oscar. They also have a backyard flock of chickens that Amelia loves to tend. David and his family are active in their church in Spartanburg. He is also a volunteer mentor with JumpStart, which is a ministry for people who have been recently released from prison.

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Excel in Retirement

Can Your Advisor Do This? Ep 121

July 03, 2024 • David C. Treece • Episode 121

Another unique position we have as a company is to be able to offer solutions larger corporatized offices often do not have the ability to do. We all know the bigger things tend to get, the slower they are to innovate. Maybe it’s the bureaucracy or protocols or hierarchies, but whatever it is, when we have to deal with it it’s normally painful.

As an independent financial advisory firm, we don’t have layers and layers of corporate executives dictating the advice we can offer our clients. I believe this allows our clients to have solutions that are more tailored to their particular needs. Who likes one size fits all?

A quick example of this is our use of buffered exchange traded funds (ETFs). They’ve been around for a handful of years now and they are becoming more mainstream. The Wall Street Journal causes them “Boomer Candy.”

In 2022, every time the government raised interest rates to try to bring down inflation, the stock market stock went down. I had been on a training call a couple years prior to 2022 and had learned about buffered ETFs and began investing my own money in them on a monthly basis.

There are various different types, but one of our main go-to ETFs works like this. It credits interest based on the performance of the S&P 500 over a one-year period, and it has a defined outcome. We are buffered against the first 15% of losses in the S&P 500 over the year. In exchange for the protection, we are capped at making between 13% and 14%. The caps can vary from month to month. Of course, in any fund there is an internal expense ratio and then you may have management fees also. All in all it’s a generous upside with less downside potential than the overall stock market.

We’ve been using these since 2022 and corporate America is catching up two years later. I don’t know about you, but I like having access to the best possible solutions available to me, and I believe our business model allows for that.

We’d always be delighted to answer your questions if you have them. You may reach David at 864.641.7955.

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