Frequently Asked Questions
Answers to Common Retirement Questions
We know retirement comes with a lot of excitement—and plenty of questions. Here are some of the most common ones we hear from people just like you, along with answers to help you feel confident about this new chapter.
Got Questions?
Let’s Chat.
Have more questions? That’s what we’re here for. Feel free to reach out anytime — no question is too small or too big.
Why Choose Iron Mountain Financial Planning?
We’re here for the long haul. Life throws curveballs, and we want to be your trusted financial partner, not just today but as you navigate retirement and all the surprises life brings.
Here’s how we know we might be a good match:
- You’re looking for a team that brings clarity to your financial picture—and helps keep it that way.
- You’re tired of the ups and downs of trying to time the market. We believe in a disciplined approach, so you can focus on living your life, not watching the market.
- You appreciate the value of professional advice and understand that quality guidance is an investment in your future.
- You’re committed to staying connected—because regular check-ins are the foundation of smart financial decisions.
What Does the First Meeting Cost?
Absolutely nothing. We believe the best relationships start without stress or strings attached. That’s why our initial process is designed to help you feel at ease and focused on what matters most—your financial goals.
We’ll begin with a 30-minute phone call to hear about what’s top of mind for you and to share a bit about how we work. If we’re a good match, you can continue through our Discovery and Observations meetings—all at no cost.
It’s our way of building trust and making sure you feel confident every step of the way.
How Do You Approach Investing?
We believe in keeping things simple and focusing on what we can control. Our evidence-based approach is rooted in decades of market history, emphasizing patience and discipline over chasing trends.
At the heart of our process is your personalized Investment Policy Statement. It’s your roadmap, explaining the why and how behind every decision we make for your portfolio.
Want to learn more? Explore the details on our Investment Management page.
What Does Fee-Only or Fiduciary Mean?
Not all financial planners are paid the same way, and that can make a big difference in the advice you receive.
- Fee-Only Planners: Paid directly by you through a clear, pre-arranged fee—no commissions, no hidden agendas.
- Commission-Based Planners: Paid by the companies behind the products they recommend, like investments or insurance, which can influence their advice.
At Iron Mountain Financial Planning, we’re fee-only. That means our only focus is what’s best for you. You’ll always know exactly what you’re paying, with a detailed invoice each quarter.
What A Certified Financial Planner (CFP®)?
The CERTIFIED FINANCIAL PLANNER™ designation sets the standard in financial planning. CFP® professionals have:
- Advanced training to tackle complex financial issues.
- Practical experience to provide reliable, real-world advice.
- A dedication to ethical practices, focusing on what’s best for you.
When you work with a CFP®, you’re partnering with someone who’s trained to see the big picture and help you achieve your goals confidently.
How Do Your Fees Work?
We believe in keeping things simple and transparent. Your fees are deducted quarterly from your investment account and are always detailed on your quarterly invoice—no surprises, no hidden costs.
You’ll always know what you’re paying and why. For a full breakdown, visit the What It Costs section on our site.
Why Did You Name Your Firm Iron Mountain?
Iron Mountain Road, nestled in South Dakota’s Black Hills, is 17 miles of stunning scenery, including pig-tail bridges and rock-hewn tunnels framing Mt. Rushmore.
For Nicole and me, it’s more than just a favorite motorcycle route — it’s a reminder of the beauty and purpose in life’s twists and turns. That spirit of thoughtful navigation inspires the way we guide our clients on their financial journeys.
Do I Have To Live In Rapid City or Come Into Your Office to Work with You?
Not at all. Whether you prefer meeting in person or working together virtually, we’ve got you covered. We serve clients in Rapid City, the surrounding states, and virtually across the country.
I’m Ready to Retire and Become a Client. What Now?
We’re glad to hear it. The next step is simple: schedule a 30-minute introductory conversation. We’ll take the time to understand what’s on your mind and share how we help retirees like you.
By the end, you’ll know whether Iron Mountain Financial Planning is the right fit to guide your retirement journey.