Investments

Financial Consulting
Financial Planning
Retirement

tom-landis

Tom Landis
248.662.2000
Tom.landis@lpl.com

Tom’s passion is helping individuals and families work toward their long-term financial goals and guiding them through life changes along the way. He understands that trust is earned through listening and understanding each client’s unique financial goals while offering unbiased advice and non-proprietary products. He is committed to creating a financial plan that helps address each person’s and family’s unique expectations, producing an investment strategy aligned with their financial goals and life story.

Education and Credentials

Tom has more than 27 years in financial advisory and business development experience. He has advised on over $300 million in equities, fixed income, insurance services and alternative investments for individuals and institutional investors. He received a Bachelor of Science in Management from Michigan State University and holds a Financial Industry Regulatory Authority (FINRA): series 7 and 66, through LPL Financial, along with Variable Life and Accident and Health licenses.

Schedule a Complimentary Consultation With Tom Landis Today!

Financial Consulting

Who is LPL Financial

LPL Financial is your personal financial service guide to help navigate your money and investments through life. Whether your goal is to purchase a home, plan for retirement or simply evaluate your current financial situation, you can start with LPL Financial. Our primary focus when working with clients is that investing is personal. Your LPL Financial Advisor, Tom Landis, aims to first understand your needs, then give you the professional advice you need to help meet those needs based on where you are in your life. We build our business on your trust and life goals, and we are dedicated to securing your confidence.

Mission

At LPL Financial, we patiently listen to each client’s individual needs, strategically plan for their dreams and carefully work toward securing their future.

Schedule a Complimentary Consultation With Tom Landis Today!

Financial Planning

Whether your dream is to purchase a home, save for retirement or simply evaluate your current investment situation, you can start with a financial plan. Our financial planning methods are built on integrity, trust, and results, providing a solid foundation for investment opportunities.

Life Planning

Making appropriate financial decisions based on your current and future goals is our priority. Depending on your life’s goals — starting college, nearing retirement or getting ready to start a family — we can help you plan for all of life’s moments. We can even help you plan for those unexpected emergencies.

Birth/Adoption of a Child

The addition of a new family member can significantly impact your finances. Discover how to be financially prepared for this life-changing event.

Going to College

College can be a great investment in the future. Learn how to financially prepare yourself or your children to pursue higher education.

Home Ownership

Buying a home is a significant financial decision. Whether you’re just entering the housing market or already own a home, you will find information to help you make informed decisions.

Natural Disasters and Unexpected Events

Unexpected events can have far-reaching impacts, including on your finances, and may result in the need to make challenging financial decisions.

Starting/Losing a Job

When you begin a new job, change jobs or have a job loss, obtain the information you need about benefits and other changes to be prepared for the future.

Starting/Buying a Business

Whether you are starting, buying or managing your business, you can find tailored resources here to help you create and sustain a successful business.

Planning for Retirement/Retiring

The sooner you begin planning your retirement, the easier it will be. Learn more about employer-provided and personal retirement savings plans and options, and other ways to build a more secure retirement.

Death of a Family Member

Get the facts now about being financially prepared for a loss in the family.

Schedule a Complimentary Consultation With Tom Landis Today!

Retirement

When it Comes to Retirement, Timing is Everything

Most everyone dreams of the day they can finally retire and live the life of leisure. Yet recent evidence suggests that most near-retirees and retirees need to do a better job of timing and long-term planning.

One study, conducted by the Society of Actuaries, looked at retirement risk factors and concluded that while decisions around the timing of retirement are among the most critical, for most individuals, those decisions are not carefully planned out (1).

The study found that while a high percentage of retirees/pre-retirees have considered delaying retirement when asked how a three-year delay in retirement would or could have affected them financially, almost half of current retirees said a delay would have made them no more financially secure. Among current workers, nearly 40% felt a delay would have no impact on their future finances.

Another trouble spot is time horizons. According to the study, the typical retiree has a planning horizon of just 5 years; pre-retirees plan just 10 years out. A shockingly low number — 7% of retirees and 13% of pre-retirees — look 20 years or more into the future when making important financial decisions. Even fewer respondents have plans to account for their life expectancies.

Clearly, these gaps in planning can have major implications for your financial security and standard of living in retirement. Consider the following points when planning for your own retirement.

Should You Delay?

For many, Social Security is a major component of their retirement income. Social Security benefits increase substantially with retirement age. For instance, for those with full Social Security benefits the monthly payout is substantially higher at age 70 than it would be if you opted for early retirement at age 62. For example, a 50-year-old today would receive an estimated $1,030 per month by opting for early retirement at age 62, $1,577 by waiting until age 67, and $1,995 by waiting until age 70 (2). Visit the Social Security Administration’s website at www.ssa.gov for more on benefits and retirement age.

Birth/Adoption of a Child

The addition of a new family member can significantly impact your finances. Discover how to be financially prepared for this life-changing event.

Consider a Long Horizon

Regardless of income level, maintaining lifestyle expectations through a retirement that may last 30 years or more requires careful planning. Researchers refer to this planning challenge as “longevity risk,” or the risk that an individual could outlive their retirement income. To plan for such a contingency, many financial experts suggest the following game plan:

  • Withdraw very conservatively (just 4% or 5% annually) from your retirement accounts.
  • Consider purchasing a long-term care insurance policy, which covers nursing home and other long-term care expenses.
  • Maintain an allocation to stock investments, for their long-term growth potential (3).
  • Consult with a financial professional.

Schedule a Complimentary Consultation With Tom Landis Today!

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(1) Society of Actuaries, “2009 Risks and Process of Retirement Survey Report,” February 2011.
(2) Social Security Administration, Benefit Estimates Quick Calculator.
(3) Investing in stocks involves risks, including loss of principal. Past performance is not a guarantee of future results.

© 2012 McGraw-Hill Financial Communications. All rights reserved.

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