Helping You Minimize Lifetime Taxes To Maximize Your Lifetime Assets
I Can Help Answer These Questions:
- How much are you overpaying in taxes?
- How much can you spend in retirement?
- How can you reduce your total lifetime taxes?
My Services
Retirement Planning
Planning for retirement: where to start, how to invest and who to contact
Income Guidance
Guidance on generating enough income to address your retirement needs
Spending Advice
Management tips on your year-to-year spending while in retirement
Retirement Income
Advice on turning your retirement savings into retirement income
Why Retirees Should Consider a Flat-Fee Financial Advisor
How Advisors Get Paid Matters
An advisor's compensation can influence their advice. Understanding their incentives helps you avoid conflicts of interest.
Commission-Based Advisors
These advisors earn money by selling financial products—meaning they may prioritize sales over your best interests.
Assets Under Management (AUM)
Advisors charging a percentage of your portfolio may be more focused on growing your assets (and their fees) than helping you spend wisely in retirement.
Flat-Fee Advisors
They charge a clear, fixed fee. Their only focus is providing you with the best advice—no selling, no hidden costs, and no pressure to grow your assets unnecessarily.
The 3 Main Ways Advisors Get Paid:
- Commissions: Paid when they sell products (e.g., annuities, insurance). Often lack transparency and rarely offer real retirement planning.
- % of AUM: Charge around 1% of your investment portfolio annually. While better than commissions, this can still lead to biased advice and high fees—especially for wealthier clients.
- Flat-Fee: Charge a fixed rate for services. Transparent, conflict-free, and best suited for retirees who need comprehensive advice—not just investment management.
Why Flat-Fee is Ideal for Retirees:
- No Sales Pressure: You get unbiased, product-free advice.
- Cost Clarity: You know exactly what you’re paying.
- Holistic Help: Flat-fee advisors usually help with taxes, income planning, Social Security timing, healthcare decisions, and more—not just managing investments.
- Aligned Interests: Their success doesn’t depend on how much money you have, but how well they serve you.
Retirement is about smart planning, not just growing assets. A flat-fee advisor can offer the objective, comprehensive advice you need—without the conflicts you don’t.
About Dave
David Pankiw has been actively involved in the investment business for over 30 years, beginning his career in 1986 working for a subsidiary of Integrated Resources. He graduated from Widener University with a business BS degree and a Master of Science in Financial Services (MSFS).
David has also hosted a local radio show, Square Talk on the Market. In addition, he has been a contributor to the Journal of Personal Finance and Marketwatch.com.
Pricing
I provide all services for an annual flat-fee.
One of the big changes in our industry over the last decade is how technology has streamlined much of the investment management process. Rebalancing, monitoring, and reporting are far more efficient now. The traditional percentage-of-assets fee structure was built for a time when those tasks required significantly more manual work.
Today, many investors find they're still paying fees tied to portfolio size rather than the actual level of ongoing work. My flat-fee approach is designed to align more closely with the real time and expertise required - so you're paying for advice, planning, and strategy, rather than a formula tied to portfolio size. That way, your costs remain fair and predictable, regardless of market movements.
For clients who:
- Are Single or Widowed
- Have investable assests under $1 Million
Minimum Fee: $7,500 / year
For clients who:
- Have at least $1 Million in investable assets
Minimum Fee: $10,000 / year
Clients that benefit the most from 55Plus services have investable assets of at least $1 million dollars.