Author: sharkeyhowesandjaver

Meet Stephen Weatherby

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SHJ_Stephen_Wetherby

Name: Stephen Weatherby

Title: Certified Financial Planner™

SH&J team member since: September, 2012

 

Having grown up in Texas, what prompted you to move to Colorado? Have you carried any specific Texas traditions out here with you?

My family was one of those “Texas Families” that clogged the roads in Colorado during the summer. We would vacation here every year. I always said that one day I would live here. After graduating college, and working in Austin for a while, I just decided to make the move. I love everything about Colorado, but miss the BBQ and Tex-Mex food from my home state.

Being someone who loves the outdoors, what are some of the activities you enjoy most? Do you have a favorite memory or specific moment that stands out for you?

I love to camp and go fly fishing. Some of my favorite memories are doing both of these with my son, Jack. One of my favorite memories is when Jack caught his first fish on a fly rod outside of Silverton, CO a few summers ago.

What do you love most about living in Colorado Springs?

I like the small town feel with the convenience of a larger city. There are also a lot of parks, trails, and beautiful scenery to enjoy on the weekends.

Living in Colorado Springs, and commuting to Denver every day for work means you spend quite a bit of time in your car. What helps you pass the time?

Audio books! I listen to a lot of books. Some of them are educational, but admittedly, most are for entertainment.

You have an extensive background in financial planning. Tell us a bit about your career path, including your work with the military, and how that ultimately led you to Sharkey, Howes & Javer.

I graduated with a very specific degree from Texas Tech University. The degree was in Family Financial Planning. While it had the traditional Finance, Economics, and Accounting classes, it really focused on the people aspect of financial planning. We really dug deep into trying to understand people and their relationships with money, and how that affected all aspects of their lives. I knew I wanted to be on the Fee Only side of the business before I began my career.

One of my previous stops was with a government contractor that provided financial education and training for all branches of the military. This was appealing to me for several reasons. It allowed me to provide education and financial planning services to a group that traditionally may not have had access to financial planning that wasn’t geared around a product sale. It also allowed me to travel to places that I would most likely have never been able to travel to on my own. I loved every minute of the work during this job, but I was hardly ever home. I made the choice to start looking for a more traditional position with a fee only firm in Colorado. I looked for over 2 years before I found Sharkey, Howes, and Javer. After interviewing with SH&J, and hearing about their client relationships and how they approached financial planning, I was sold.

Inside the Economy with SH&J: February 15, 2016

sharkeyhowesandjaver Economic Discussion Series, Economy, Foreign Investments, Larry Howes, Quarterly Commentary, Videos , , ,

As lack luster S&P 500 performance continues to plague media headlines, this week’s economic discussion provides reasoning around lower earnings and a high percentage of sales coming from struggling overseas economies with weak currencies. Low energy and material prices are also contributing to lower performance figures. Hear commentary about how a prolonged duration of low oil prices could cause a global sell-off of European stocks and what effect it may have on business and consumer sentiment, particularly in the U.K. Meanwhile, in the U.S., the labor market continues to improve with 5.61 million available positions, retail sales are up, banks are back in the lending business, and consumer spending and consumer sentiment are on the rise. Listen in to hear more!

Presidents Day: Fascinating Facts About 10 Past Presidents

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For many, Presidents Day is simply a three-day-weekend. For others it is another day at the office. Presidents Day was first known as “Washington’s Birthday” and was established in 1885 in recognition of George Washington’s birthday. After the 1971 Uniform Monday Holiday Act, the day became commonly known as Presidents day. (source)

Join us today in learning a few facts about some of our former presidents:

George Washington (1st President 1789-1797)
George Washington’s estate was worth about $780,000 when he died which was about 0.19% of the nation’s GDP at that time. In 2014, his estate would have been worth about $34 billion in today’s dollars. (source) Continue reading →

Tips to Protect Your Social Security Number

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As the number of identity theft cases and hacking scams increase, it is becoming more and more important to be aware of where and how you are releasing your personal information. Announced by the Bureau of Justice Statistics, 17.6 million U.S. residents experienced some type of identity theft in 2014 (source). The most critical piece of information to protect is the master key to your identity – your Social Security Number (SSN)!

Below are 6 tips to help protect your Social Security Number:

1. Offer Alternate Identification
It is important to be aware of who really needs to know your Social Security number and who does not. Often times financial institutions, employers, and the IRS will require the use of your Social Security number to open a new account, run a background check, or file your taxes. If you are prompted to provide your SSN, ask if an alternate ID such as your driver’s license will work instead. For example, your SSN is not always needed to run a credit report. (source) Continue reading →

Inside the Economy with SH&J: February 1, 2016

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As the year begins with volatile markets, investor sentiment is a bit shaken and all eyes are on China as the media’s darling. However, China is not the only country with rising debt issues as emerging market nations (in general) are facing rising debt as well. Currency is flooding out of China’s borders in anticipation of the inevitable devaluation of the Chinese yuan. Yet, this could bolster foreign spending, specifically in real estate outside of China. There are additional bright spots as well; the U.S. seems poised for growth (albeit slow) but growth nonetheless, and Japan has implemented negative interest rates in an attempt to discourage savings (believe it or not) and encourage spending to boost their respective economies. Listen in as Larry puts perspective on all these issues and more.

5 Questions to Ask Before Taking on More Debt

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The term ‘debt’ generally has a negative connotation. While being in too much debt or the wrong kind of debt can be risky, sometimes debt makes sense. If you are considering taking on more debt, sit down and answer the questions below first to make sure the new debt won’t get in the way of your long-term goals.

How much debt do I currently have?
When thinking about debt, it’s important to first analyze your current financial landscape. Be sure to review everything: credit cards, lines of credit, mortgages, loans and possibly IOU’s to family or friends. Once you have totaled all monthly recurring debt payments, divide that number by your gross monthly income to find your debt to income ratio (DTI). The lower the number, the better. Talk with your financial planner about your ratio and ask for his/her recommendation on whether you should consider taking on more debt. Continue reading →

What If the World Isn’t Coming to an End? How the Media Affects our Financial Decisions

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Recently we had a hesitant client tell us about all the reasons she was nervous about investing in the markets:

What if interest rates increase? What if they don’t?
What happens if we elect a Republican president? How about a Democrat?
What effect does global warming have on the markets?
What if we break out into cyber war? Continue reading →

Inside the Economy with SH&J: January 18, 2016

sharkeyhowesandjaver Economic Discussion Series, Economy, Larry Howes, Videos , , ,

As media headlines announce “plunging markets” and “warning signs of recession”, Larry Howes gives us the underlying details of the economy we are facing in 2016 and guides our expectations. He comments on the shrinking Federal deficit, consumer debt, and S&P 500 earnings. Why are Americans, on average, continuing to pay down debt, buy new cars, and increase personal savings? How has the interest rate increase affected the markets and consumers? Listen in and find out!

*Please note that during the commentary section, Larry mentions the $1.3 billion student loan market, which in reality is $1.3 trillion. Also, within the slide titled “The Fed trims its Bond-buying” Larry refers to liquidating $4.3 billion of the bond market when he meant to say $4.3 trillion.

Meet Mimi Hackley

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Mimi_Hackley
Name: Mimi Hackley

Title: Shareholder and Certified Financial Planner™

SH&J team member since: 1998

 

You are admired for the way you are with clients. What advice do you have for building and maintaining strong client relationships?

Listen first. Be honest, yet compassionate. Do what comes naturally and is best for the client. Focus on practical and applicable solutions while keeping it as simple as possible.

What does your ideal weekend look like?

  • Family time with our children,
  • Unstructured as often as we can manage it,
  • Unplugged for much of it,
  • Plain-old fun playtime with cooking, laundry and administrative stuff thrown in on the sidelines.

We try to keep it simple and always manage to find things to laugh about even when we’re arguing (which happens a lot with two boys close in age – the laughter typically diffuses the spite!).

As a child, what did you dream of being when you grew up?

First, I wasn’t aware I’d grown up. As a child, I dreamed of always being a child, a la “Peter Pan”. My brothers and I had more fun as children than anyone I know – except my mom who still has more fun than the rest of the world.

Also, if I had to grow up, I wanted to be a teacher. My mom practically forbade my “Teacher” aspirations because, back then, teachers were not well paid nor well-enough respected for the great service they impart. It’s interesting that while I didn’t become a “teacher” I teach clients every day how to make wise financial decisions and thoroughly enjoyed teaching CFP students for several years.

You have been with Sharkey, Howes & Javer for over 15 years. What do you love most about your job?

The fulfillment that comes from helping people help themselves.

Finish this sentence: As a mother of two boys…

…I’m busier than I’d ever imagined was possible and am having more fun now than I did as a child… Wow! That’s really something!