MAKE THE INVESTMENT con't. next column
MAKE THE INVESTMENT continued
an individualized financial plan is determined
for every single client. We have clients who
retire at 60 and say they want to take Social
Security and think they’ve got enough in their
401(k). When I ask them how they’re going to
manage their health insurance until Medicare
kicks in, which could be $1200-2000 per
month, we secure a plan.”
Every single client has a totally different
goal from the other. One may be financially
sound and not know what to do with all of their
money while another client may be starting at
ground zero. In overseeing the strategy, Hill
determines, “Is it now money, later money or
never money. Is it growth? Is it income? How
do you want to save/spend this money?”
Hill assures, “We work with a team of
professionals when I quarterback the plan.
If you want a trust, then we work with an
attorney. If you want to responsibly navigate
the tax code, then we work with a CPA. I’m a
service person, so I work for you.”
Hill informs, “Find a financial planner who
has your best interest. You need to get started
on the right track and stay on track. When I
established Edward Hill Wealth Management,
I made a conscious decision to set my fees
below the standard rate. Because I’m an
independent financial planner and not paying
another company’s fees, I can pass the savings
along. That’s a plus for both me and the client.”
Encouraging locals to start investing, Hill
shares, “I do not charge a consultation fee.
Make an appointment and sit down with me.
We will make a customized plan. It doesn’t
matter how much money a client has, I am
here to help.”
For those late in getting started with
investments, Hill encourages, “Just start!
You don’t have to be aggressive. Any little
amount every month helps. We call it dollarcost
averaging where you’re putting a certain
amount of money from your paycheck into
your account, and you don’t even notice it.”
One of Hill’s favorite services remains
generational planning which includes serving
the grandparents, the parents, and also
the children. “It helps to have three or four
generations involved and to understand their
wishes,” explains Hill. In managing both the
accounts and the expectations, generational
planning along with legacy planning offers
sweet dividends in more ways than one.
Accounting for the volatility in the market,
Hill informs, “There’s always going to be
volatility in the market. On average inner
year decline is 14%. So it happens. But our
economy is healthy and strong; the US has the
best economic market in the world, and that’s
why people invest here.”
Always basing his work on facts, Hill
also has to project as well. During these
unprecedented days balancing both an
election and a pandemic, Hill remains
optimistic. “History shows that after an
election year, the market goes up 17.5%
on average. The reason for growth is the
market doesn’t have to worry about who the
President is going to be in the next four years.
The market hates not knowing. If we knew the
outcome of everything, then we could easily
plan everything to the T. However since we
don’t know the future, we make an educated
guess.”
With the greatest factor on the economy
being stability, the worst factor remains the
unknown. For instance, when the pandemic
hit in March of 2020, no one knew how bad
it was going to be. Hill slows, “I think there
is an enormous amount of fear and caution,
and the mental health struggles have done
more damage than anything else. The loss
of in-person connection has drastically hurt
our elderly population, not just physically,
but also mentally. On a positive note, the
pandemic has reconnected families in the
sense that they are spending more time
together because they’re stuck at home.”
Managing emotions is a challenge when
the market drops, but being able to talk a
client off of the ledge remains a specialty of the
“Financial Doctor” who tries to put himself in
their shoes. However the best part of the job
is helping clients meet their goals and getting
the "Thank-you’s!"
"The support of my clients is uncanny,"
exclaims Ed. "They have nominated me for
‘Best of the Pines’ for financial advisors. I
won first place for the past two years; the
encouragement is overwhelming.”
As the unforgettable stories flow, Hill
tells of one group who wanted to retire but
didn’t know how. He begins, “We developed
a plan to give them money every two weeks
and figured out their healthcare plan. I’ll get
random phone calls of appreciation because
we’ve been able to accomplish everything
they’ve wanted to do and more.” Hill exclaims,
“I’ve taken a client whose goal was a million
dollars, and in less than ten years, they are
almost at a half a million dollars! With another
twenty years left, they’ll easily achieve their
goal and more!”
With clients all over the country and
licensed in multiple states, Edward Hill
Wealth Management stands ready to help
locals live their financial dreams! With twenty
years of experience, Hill encourages, “When
you get started with me, I’m still gonna be
in the business for another 20+ years. Maybe
you have a great financial advisor, but how
old is he? How many more years will he be
managing accounts?"
The vision in moving forward has the
same end game as the investment portfoliosto
grow! Adding accounts since day one, Hill
desires to open up multiple offices in the
community with a focus on the Pinehurst/
Southern Pines area. Growing a trusted team,
Hill says, “My goal is to be the largest financial
advising firm in Moore County in the next
ten years, and I want to make sure we do it
correctly.” Just as slow, steady growth builds
the investments, so too the growing accounts
at Edward Hill Wealth Management. And no
matter what, take Hill’s advice to make the
investment and just get started! ☐
Edward Hill Wealth Management • Holly
Square • 1135 Seven Lakes Drive • West End
For more on Ed, see p. 26. See ad p. 35.
MAKE THE INVESTMENT con't from p. 36
LIFE STORY con't from FRONT PAGE
before I raced into his room in the emergency
department. Gone. Just like that, gone. I knew
the second I ran into the room. The pulled
light blue curtain, the stillness, the quiet
sadness told me when no one had the courage
to speak.
As life slips away, so too the stories. I
remember when my Grandma Price passed,
I was in college in Florida, but I couldn’t fly
home to attend the funeral due to bad weather.
My Grandpa died before her; I remember the
shared memory of having my cousins close.
We played pool at the retirement home while
waiting for the arrangements to be made. We
bonded in our innocence of not knowing how
to grieve the loss of our sweet grandpa, called
Smiling Bill by all who knew and loved him.
When my Grampy King passed in St.
Simons Island, GA, we loaded up the family
car to join our extended family to mourn his
passing. Once again, the cousins saved the
day as we made cards with our Granny to ease
the void of his passing. Before my Granny
King slipped away, I remember our visits
from the care facility with joy. I would visit
her often, bring my babies, share music, enjoy
moments from my busy week to fill her calm.
We laughed; we bonded over sweet moments,
and I cried in her passing. Having experienced
the loss of all of my grandparents, I remember
the happy times and mourn their passing.
I mourn the loss of them! I mourn the loss
of their lives, their story—their life story! How
I wish I had recorded their fascinating lives of
around-the-world travel, remarkable careers
and beautiful family. If only. Truly they lived
incredible lives well-ahead of their times! If
only I had captured their story... now gone.
The regret lives on.
From experiencing the loss within to
understanding the value of heritage, Life Story
Recorded was born. In choosing to live with
no regrets, I seek to give others what I lost—the
story. The story of their matriarch, patriarch,
aunts and uncles, moms and dads. Desiring
to record the ups and downs, the victories,
the defeats, the babies, the weddings, the
funerals, the careers—you know all of the life
moments. Everyone has a story; and the story
needs to be recorded.☐
Let’s record your Life Story! Before the
story is gone, let’s secure your family’s legacy
of a life well-lived. For more info, see ad above.
Life Story Recorded • Rebekah King
Email: LifeStoryRecorded@gmail.com
Text: (910)315-5557
Life Story Recorded,
Leaving a Legacy of Love
No. 141 The Pinehurst Gazette, Inc. p.37
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