1. What does a financial planner do?
A financial planner helps you organize, grow, and protect your wealth by creating a personalized strategy for retirement, investments, taxes, and estate planning. At Benold Financial Planning, we act as fiduciaries, meaning we always put your best interests first.
2. Why should I work with a fiduciary financial planner?
A fiduciary is legally obligated to act in your best interest. Unlike brokers or sales-driven advisors, fiduciary planners like Benold Financial Planning are fee-only and do not earn commissions from selling products. This ensures unbiased advice tailored to your goals.
3. How do I know if I need a financial planner?
You may benefit from financial planning if you are:
Approaching retirement and want clarity on income planning.
Managing a growing investment portfolio.
Inheriting wealth or selling a business.
Concerned about taxes eating into your retirement savings.
Seeking a trusted long-term partner for financial decisions.
4. What makes Benold Financial Planning different?
We are an independent, fee-only financial planning firm based in Prosper, Texas. Our approach is personal and relationship-driven—we limit the number of clients we serve, allowing us to provide highly customized strategies. Unlike big firms, you’ll always work directly with an owner of the company who knows your financial picture in detail.
5. How much does it cost to work with Benold Financial Planning?
We are transparent about fees. As a fee-only planner, we charge either an hourly fee or a percentage of assets under management (AUM). There are no hidden commissions or product sales. Your first consultation is complimentary, so you can see if we’re the right fit.
Pricing
6. Do you only work with clients in Prosper, Texas?
While we are proud to serve our local Prosper and Dallas-Fort Worth community, we also work virtually with clients across Texas and throughout the U.S. Many of our clients are busy professionals, retirees, or business owners who value the flexibility of online meetings.
7. How do you help with retirement planning?
Retirement planning at Benold Financial Planning focuses on more than just investments. We help you:
Determine how much you need to retire comfortably.
Build a tax-efficient withdrawal strategy.
Decide when to claim Social Security.
Protect your income with the right insurance.
Create a legacy plan for your family.
Retirement Planning
8. Can you help reduce taxes in retirement?
Yes. Taxes are one of the biggest risks to retirement wealth. We specialize in strategies like Roth conversions, tax-efficient withdrawal sequencing, charitable giving (QCDs), and required minimum distribution (RMD) planning to help minimize your lifetime tax burden.
Reduce Taxes
9. What is your investment philosophy?
Our investment approach is evidence-based and long-term focused. We build diversified portfolios tailored to your goals, risk tolerance, and timeline. Instead of chasing trends, we focus on consistent growth, risk management, and tax efficiency.
10. How do I get started with Benold Financial Planning?
It begins with a complimentary consultation. We’ll learn about your financial situation, goals, and concerns. From there, we create a personalized roadmap that can grow with you over time. You can schedule your free consultation directly through our website www.benoldfp.com
Free Consultation