2018 wealth management tips from Calvin Goetz

Above: Calvin Goetz is co-founder of Strategy Financial Group and author of “Climbing the Retirement Mountain.” Business News | 22 Nov, 2017 |

Calvin Goetz

Co-founder and president

Strategy Financial Group 

Background: Financial adviser, retirement wealth strategist, co-founder of Strategy Financial Group and author of “Climbing the Retirement Mountain,” Calvin Goetz is an Investment Adviser Representative who holds the Series 65 securities license, is life and health insurance licensed in the state of Arizona.

A trend to watch: “I believe the Department of Labor Fiduciary Rule will continue to be in the news and impact wealth management in 2018. If this sweeping legislation is not stopped outright, it will automatically elevate all financial professionals who work with retirement plans or provide retirement planning advice to the level of a fiduciary, bound legally and ethically to meet the standards of that status. While the new rules are likely to have at least some impact on all financial advisors, it is expected that those who work on commission, such as brokers and insurance agents, will be impacted the most.”

Advice for 2018: “Focus on creating a spending and saving budget with your advisor and stick to it. On average, those who plan with an advisor end up with two times to three times more money saved for retirement. With longer life expectancies, retirement is now lasting up to 30-plus years, making planning for it more important than ever.”

Arizona investment: “If my client wanted to invest in Arizona based firms I would have them check out Pinnacle West Capital Corporation. They are an investor-owned electric utility holding company based in Phoenix with consolidated assets of nearly $17 billion. I also like Microchip Technology Inc. because they are a leading provider of microcontroller and analog semiconductors, providing low-risk product development, lower total system cost and faster time to market for thousands of diverse customer applications worldwide. Headquartered in Chandler, Microchip offers outstanding technical support along with dependable delivery and quality.”

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