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Overview

Services

Advisor Services

  • Financial Planning
    • -Estate Planning
    • -Comprehensive Financial Planning
    • -Retirement Planning
    • -Charitable Planning
    • -Other Financial Planning
  • Insurance
    • -Life Insurance
    • -Annuities
    • -Business Insurance
    • -Other Insurance
  • Portfolio Management
    • -Individuals and/or Small Businesses

Funds

Funds Used With Clients

There are no funds listed for this advisor at this time.

Firm Client types

Qualifications

Experience

No timeline events available.
Employer Years Dates
The Independent Financial Group 21 years, 6 months Jun 1996 - Present
The Independent Financial Group 21 years, 6 months Jun 1996 - Present

Designations & Memberships

  • Financial Planning Association
    Membership
    Financial Planning Association
    The Financial Planning Association (FPA®) is the largest membership organization for personal financial planning experts in the U.S. and includes professionals from all backgrounds and business models. We help connect thousands of consumers to competent and ethical planners who uphold the FPA Standard of Care.

Articles and Answers

Insights by James Lorenzen

How to Help Make Your IRA Last!
Published 2012-06-26 10:26:08
Three Retirement Rollover Mistakes to Avoid
Published 2012-06-21 09:35:00
Mutual Fund Turnover Impacts Costs
Published 2012-06-19 13:20:54
What is a UMA?
Published 2012-06-14 09:43:55
Smart Kids Don't Follow the Crowd!
Published 2012-06-07 14:55:19
Does Past Performance Mean Anything?
Published 2012-06-06 10:34:29
Do Market Swings Scare You?
Published 2012-05-30 11:09:35
Should You Buy or Lease?
Published 2012-05-24 09:22:35
e.g. Guide to Financial Planning
Published 2012-05-10 08:59:11
Could Hyper-Inflation be On The Way?
Published 2012-05-07 15:42:59
The Benchmark Myth
Published 2012-05-04 15:26:16
Do You Know All Your 401(k) Costs?
Published 2012-05-02 09:18:40
When to Conduct A Vendor Search
Published 2012-05-01 11:14:41
Expenses Do Matter!
Published 2012-04-26 08:48:31
Mutual Funds Contain Hidden Costs
Published 2012-04-17 10:31:13
    *Articles are published by advisors without compensation.

    Answers

    Ask a financial questionAsk a question
    Where can I find options of lost-cost 401k plans to suggest to my employer?
    Hi Matilda, I agree with George; and, I'd be very cautious about using your payroll provider simply because they're already doing payroll. For them, plan governance is simply a sideline... you might like to read the comments of an ERISA attorney who's a nineteen-year veteran in this area: http:...  (more)
    Answered Jun 2012
    What is a mutual fund?
    Hi Ryan,It's important to remember that a mutual fund is an investment company. You are buying shares of the investment company, not of their stock holdings. They receive and `pool' the money of their shareholders and invest in the markets. So, in essence, you're buying shares of a company that ...  (more)
    Answered May 2012
    My advisor wants to have a meeting at my home...should I?
    Hi Remy - Technology certainly has changed the landscape since I entered this business. And, technology makes it possible for an advisor to have the same tools at his/her fingertips as many big name firms! Your question goes to comfort level, however. So, I guess my question would be: Would you...  (more)
    Answered May 2012
    On average, how much of my stock portfolio should be in international stocks?
    All the comments I've read on this question are both thoughtful and well-informed, so it's hard to add to them; however, age and risk tolerance are only two considerations. Your liquidity needs within the next five years vs. the size of your investment portfolio is another consideration. If it tur...  (more)
    Answered Apr 2012
    Pension payout options?
    Hi Francisca; All the answers above are all excellent, so I won't re-plow that ground other than to say my biggest concern might be inflation. Most people are living much longer; and, if you're married, retirement might mean two lives over three decades - what did a stamp cost in 1982? Consideri...  (more)
    Answered Jun 2012
    What are your thoughts on having a college savings account in my kids' names instead of in mine?
    There may be a few possible drawbacks; you'll have to make that determination. (1) At age 21, the child controls the funds, so it's possible the child could skip college and use the funds for other purposes - buy a car, etc. At any rate, they'll be out of your control; (2) financial aid could be j...  (more)
    Answered Apr 2012
    Does this bother anyone else that the first public pension files for bankrupcy?
    Hi Scott!Since you read Investment News, it sounds like you're likely aware of some of the factors that contributed to the problems many pension funds are facing, public and private. Those who under funded plans based on the feeling that high-return markets would continue forever maybe never took ...  (more)
    Answered Apr 2012
    Are lower expenses the main benefits of index funds?
    Hi Esther;Lower expenses are important, to be sure! Let's face it, most managers can't even match index returns, so one has to wonder what they're paying for, especially when predictable results are problematic, at best. But, I believe most advisors see index funds as components of a larger asse...  (more)
    Answered Jun 2012
    I'm in my mid-twenties and am looking for advice on how to allocate my assets properly. What's the best type of financial adviser to look for in this process.?
    Wow, Ryan!Good for you! First I should tell you that both Danny and Michael are right and the advice is excellent. But, if you're like most 20-somethings, single, and just getting started, all you really need is to start investing systematically. First, make sure you accumulate a liquid cushion...  (more)
    Answered Jun 2012
    Selling mutual fund shares in order to invest in ETFs or a Target Date Fund?
    I agree with my colleagues. I have a guide posted that addresses fund hidden expenses; you may enjoy that. To build on Douglas' answer, you can compare TDFs from different fund families and they seldom have the same price fluctuation or allocation characteristics. My own feeling is a TDF can be ...  (more)
    Answered Apr 2012
    What are the risks associated with buying bonds?
    Hi Indria;The previous posts have done an excellent job of addressing credit risk, etc. of owning bonds; and the issue of individual bonds vs bond funds is also worth discussing since there are differing, though credible, views on the subject. Peter Lynch, the famed former Fidelity portfolio mana...  (more)
    Answered May 2012
    Planning a retirement?
    I agree with Brice. I'm confused by the math in the question; but, I can tell you from personal experience that caring for someone with Alzheimer's can amount to $70K per year, and can last seven years or longer. If - and, like I said, I'd need a clearer picture of your numbers - you do have $16K ...  (more)
    Answered Apr 2012
    What to look for in a 401(k) record keeper?
    Hi Alfred,Record keepers do come in a wide variety with varying attributes; and while some may be more expensive, they also may bring more to the table. For me, it's a 'bottom-up' approach based on client needs. Once a short-list is developed, I would recommend not making the fatal mistake of try...  (more)
    Answered May 2012
    ANy truth to the adage "Sell in May &stay away"?
    Hi Wesley,I think it's the media: Financial entertainment television shows, magazines, newsletters, etc. What they're talking about is market timing, a concept that numerous academic studies have discredited, at least when it comes to reaching your long-term goals. Just as with most things you s...  (more)
    Answered May 2012
    How do I short a stock?
    Too risky. I'd forget it, unless you already own the shares you're shorting. It's called 'shorting against the box'. You already own 100 shares of XYZ and think it will go down. You do a short-sale of 100 shares of XYZ. If you're right, you buy for delivery and make money, still owning your ori...  (more)
    Answered May 2012
    Do you tend to recommend mutual funds, ETFs or individual stocks as a general rule for individual investors?
    It depends (a consultant's answer). Actually, I agree with Julian; but, it does depend on the investor. Mutual funds and ETFs do provide the ability to diversify for investors who may not have sufficient assets to diversify on their own.Investors with a substantial capital base can achieve dive...  (more)
    Answered May 2012
    I will be retiring in one year at age 63. I have a good retirement package from my employer and have managed my 401K plan fairly well to current balance of $1.1M. 90% of my 401K is invested in a stable income fund at 3.55%, 10% is in company stock which has been flat for the past couple of years.
    Hi Robert, I'll add my congratulations, as well. and I agree with Michael's comments. I would recommend you find a fee-only financial planner and advisor to work with you on this, rather than pursuing any course based on posts. It's worth realizing, however, that retirement these days usually spa...  (more)
    Answered Jun 2012
    Where can I get icome from my IRA??? I am retired at 56 and my husband is 57?? Debbie?
    Hi Debbie - The simple answer is you can simply take dividends as cash or you can sell holdings to get the money you need; but, simple answers are seldom helpful.Without knowing more about your IRA, it's almost impossible to provide a meaningful answer. Most investors think in terms of principal a...  (more)
    Answered Jun 2012
    What should I expect from a financial planner?
    I'll echo comments about fee only vs product selling; and, ask if they will accept fiducuary status - in writing - for all their work; not just the planning, but the implementation as well.I might add this: Listen to what your candidate is saying. If your candidate is selling 'returns' or an inve...  (more)
    Answered Jun 2012
    Who can help with investment related tax questions?
    Hi Gavin; If your question relates to the tax treatment for different kinds of investments, I local CPA should do just fine....  (more)
    Answered Jun 2012
    Which of the lowest risk bonds should I switch to?
    Hi Flora; All good points above. I personally am not a huge fan of bond funds except used as a risk diversification vehicle inside a tax-deferred account. My personal view is that we are in the 'foothills of, andcould be in for an extended period of, inflation and rising interest rates which can c...  (more)
    Answered Jun 2012
    Which of the lowest risk bonds should I switch to?
    Hi Flora,At the risk of confusing you even more - my wife says I'm pretty good at doing that - let me add something that hasn't been addressed yet and few ever think about: When you invest in a bond fund, it's important to know what your investment really is: You are NOT investing in bonds. You...  (more)
    Answered Jun 2012
    What's the main difference between a B share and an A share? Should I switch?
    Hi Elliot, you asked about the difference between A and B shares.An easy way to understand the difference between A and B shares in funds is simply that both will charge a commission to compensate the broker. A shares charge it in front and pay the broker. B shares won't charge you the entire c...  (more)
    Answered May 2012
    How can I find out what fees a mutual fund charges?
    Hi Gershom! Mutual funds have annual expense ratios published in the prospectus. Funds invest with different styles (growth, value, small cap, large cap, etc.) and in different asset classes (bonds vs stocks); and some specialize in sectors. Generally smaller, more focused funds might have fees ...  (more)
    Answered May 2012
    Should I have a Roth 401k and a standard 401k?
    Hi Farrah, while I don't know your age or other details, these days legislative risk may be as big as market risk. I like tax diversification; I like the idea of contributing to both....  (more)
    Answered Apr 2012
    I have about 245,000 in my 401k....am I on target for my retirement ? I'l be 53 next week.....?
    Hi Brian;You're smart to begin addressing this question now. Too many take it for granted and wait until it's too late. First, I agree completely with Eve. Now is the time to get help. But, to get you started, I have two answers for you:The consultant's answer: It depends: It depends on ...  (more)
    Answered Jun 2012
    What are some ex of blue chip stocks?
    Hi Paul,I've never considered 'Blue Chips' safer than any other large company. Back in the mid-90s, GE was considered `safe' by a lot of people, including GE retirees who had their life savings in the 'company stock', when the bottom fell out and it was decimated. We've also seen 'blue chips' th...  (more)
    Answered May 2012
    How do I know if a financial advisors clients are happy with them?
    I've found it's generally a matter of expectations. Quality advisors are generally careful about which clients they accept. A client chasing `performance' is not one that will be happy with any advisor for very long; a disappointment is bound to happen. Likewise, a client seeking a long term prud...  (more)
    Answered May 2012
    401(k) Plan Fees?
    Both of the above are excellent ideas; you also may consider contacting an independent consultant in your area. If your plan hasn't been benchmarked in the last three years, that would be a good step to take. A good benchmarking study will benchmark your fees, investments, and services against pla...  (more)
    Answered May 2012
    With all the new fee disclosure rules and regulations it also brings to the forefront the broker fees. Is there anything we can use to measure the fees we pay to the broker against other brokers?
    Hi Sandy,Just to build on John's answer; one of the reasons I like Fiduciary Benchmarks is that the information is from `live data' - In other words, you'll see what plans are actually paying; something that's good to know going into a provider search (RFP). RFPs will be bids - estimates - which ar...  (more)
    Answered May 2012
    What is the difference between common, preferred, and unlisted stocks?
    Hi Jade;To build on Marty's answer, while preferred shareholders have no real control of the company they own shares in, it's also worth knowing that preferred stock carries a promised annual dividend. Virtually all preferred stock is cumulative, meaning that any missed dividends must be made good...  (more)
    Answered May 2012
    How do I access my National Bankshares account online?
    Hi William,Your account statement should contain either that information or a phone number you can call. Good luck!...  (more)
    Answered May 2012
    I'd like to know what my monthly benefit would be at the age of 60?
    Hi Anthony,If you're talking about your Social Security benefit, you can go to http://www.socialsecurity.gov/onlineservices/ and get information there.If you're talking about your company pension, you should talk with your company's HR department, plan administrator, or check your statement for ...  (more)
    Answered May 2012
    What do experts believe the stock market will return in the next 10 years?
    Hi Caroline,Julian is right: There are always `experts' on each side of the question; that's what makes a market. Warren Buffet has stated, more than once, that he's never met anyone who could predict the stock market. The truth is everything fluctuates: Stocks, bonds, real estate, gold, colle...  (more)
    Answered May 2012
    I have 401k's from previous job (wife and I) Can someone convince me that I shouldn't cash out and buy (2) houses that will generate me$2200 a month in rent..$1700 net approx? We also max out 2 new company 401k's so we still we be in market. Need allot of money in 401k at taking out 4% to get $170
    Hi Justin, I think it's worth realizing that rental real estate isn't really an investment; it's a business. And, as you add properties, each property is a separate business unit. As Jon points out, at retirement it can be hard to find one person to buy all your business units... and even harder...  (more)
    Answered Jun 2012
    How much diversification is ideal in a mutual fund?
    Paul and Jeffrey are right. It depends on why you're seeking diversification. Risk mitigation?Something many individual investors don't think about is exactly what risk they're trying to protect against. You can mitigate business risk (the risk that one stock will suffer due to business issues)...  (more)
    Answered May 2012
      *Answers are submitted by advisors without compensation.

      Licenses & Conducts

      SEC
      U.S. Securities and Exchange Commission
      • license status
        Registered
      • disclosures
        None
      • as of date
        Jan 6, 2017
      FINRA
      FINRA
      • license status
        Not registered
      • disclosures
        None
      • as of date
        Mar 2, 2016
      Review the status and details of the disclosures noted above using the SEC's Investment Advisor Public Disclosure website:

      Assets

      The Independent Financial Group

      Last updated on Jan. 5, 2017
        • $5.0M
          Total Assets Under Management
        • N/A
          Total Assets Under Advisement
        • 6
          Accounts
        • $837.9K
          Estimated Average Account Balance

      Fees

      Types of Compensation Arrangements

      • Percentage Of Assets
      • Hourly Charges
      • Fixed Fees