Fee-Only, Tax-Focused, Financial Planning and Wealth Management
The Practical Planner, LLC is an independent, Fee-Only financial planning firm that provides comprehensive, tax-focused financial advice and wealth management.
As Fee-Only Certified Financial Planners™, clients pay directly for our professional advice and are not sold products.
As a Registered Investment Advisor, we are among a select group of advisory firms authorized to access funds offered by Dimensional Fund Advisors (DFA), and we use DFA funds extensively along with Exchange Traded Funds (ETFs), index funds, and other select low-cost investment vehicles.
As an Enrolled Agent, we understand tax laws and consider tax implications of any decision that is made. We work with our clients throughout the year to lawfully minimize their tax bill and ensure they avoid the mistake of overpaying taxes.
Using a life-integrated approach, we will identify your life goals, and then integrate them into all areas of your finances—taxes, investments, estate planning, risk management, education planning, retirement, and more—so that those goals are supported.
Paying more than you owe in taxes is a sure way to impede your financial progress. As personal income tax specialists, we include tax planning and tax preparation services in our plans, and evaluate every recommendation we make for tax implications as well.
We use no-load, low cost mutual funds and exchange trades funds.
Holistic in outlook. We will consider all of your circumstances, family needs, goals, values, and aspirations when making comprehensive financial planning recommendations.
Professional in conduct. We will protect your privacy. We will strive to maintain the highest ethical standards possible in our work and life. We will continually enhance our skills and credentials through continuing education, and will refer you to other professionals when you need help in an area outside our expertise.
Educational in nature. We will guide you through your options and explain them clearly to help you make the best choices. We will always take the time to make sure you understand our advice.
Independent in compensation. We will never sell you a product nor will we take a commission or a referral fee from another professional. You will receive objective, unbiased advice from us.
Committed to your success. Holistic financial planning is a process, not an event, and we commit to adjusting your plan as your life goals change.
The Alliance of Comprehensive Planners (ACP) is a non-profit organization of Fee-Only, tax-focused financial planners across the country.
Working with us through comprehensive financial planning, we act as your financial life coach. We are always on your side, always looking out for you, and someone you can trust. You will have someone who knows your specific situation to help you make the best choices in life, leading you to financial freedom.
Your investments will be allocated in a way that meets your goals. We will work with you throughout the year, not just when it is time to file your tax returns, so we spot new opportunities for tax savings as they arise.
Taxes and investments are key components of your personal financial plan, but peace of mind comes from attention to all aspects of your financial life.
Financial planning would be easy if life always progressed according to plan. Life is a series of transitions—some planned, some unplanned—and the financial decisions made during these transitions can be the most critical ones.
The time we take to understand you—your goals, your values, your relationships, your personal history, every aspect of your finances—and our availability to you as part of your retainer helps us be effective, trusted guides during your life’s transitions.
We will help to clarify your goals, identify what is needed to achieve them, and develop realistic timelines for their accomplishment. Everything else we do will relate to your goals.
Net Worth & Investment Advisory Services
When developing an effective investment strategy, we take time to understand your risk tolerance, tax bracket, and goals. Your investment strategy will provide diversification to hedge against extreme economic cycles and enable you to reduce your portfolio risk while substantially enhancing your return on investments.
Tax Planning & Preparation
Your individual federal and state tax returns will be prepared, and you will receive professional advice year-round. You will learn lawful strategies to reduce your tax liability, which will often offset your annual retainer and give you more dollars to put toward your goals.
We provide strategies for exercising stock options, and maximizing employer provided accounts, including non-qualified deferred compensation plans and supplemental executive retirement plans, always with the goal of minimizing taxes.
Whether you are planning for retirement, starting your own business, or enjoying retirement, we will advise you every step of the way.
After reviewing your current policies, we give you unbiased recommendations on how to keep yourself, your property, and loved ones protected.
You will be guided through the process of deciding how your family is taken care of and how you want your assets divided. The focus is on simplicity for your heirs, avoiding probate, and reducing estate taxes.
Contact us to schedule a no-cost initial telephone consultation to learn more about the difference a holistic personal financial plan can make. Clients find that this program delivers savings and peace of mind that far exceed its cost.
Our minimum annual retainer is $3,500.
The Financial Review is an intensive, interactive financial planning session designed to provide answers to your top “3 burning questions”.
The Financial Review serves two purposes:
For a successful Review, you will send the necessary information and documents at least 2 weeks prior to our scheduled meeting.
Prior to the meeting, we will review your information and prepare an outline of major points to address and preliminary recommendations.
Your Financial Review Includes:
Pricing for a Financial Review is $950. If we agree that working together in an ongoing financial planning relationship makes sense, the cost is credited towards those services.
Contact us to schedule an initial telephone consultation.
As a Fee-Only financial planner, we receive no commissions for any recommendation we give. This is because we don’t represent any company, we represent you. We always act in the best interest of our clients, operating in an objective, unbiased manner while eliminating or disclosing any conflicts of interest. Doing this truly allows us to act as a fiduciary keeping you on the most efficient path to financial freedom.
A fiduciary is required, by law, to always act in the best interest of the client. They must always operate in an objective, unbiased manner and eliminate or disclose any conflicts of interest. Because there are no third-party influences to color the financial and investment recommendations rendered, Fee-Only planners can concentrate on providing the highest level of personalized service and offer professional, independent, unbiased advice.
Patricia Konetzny founded The Practical Planner, LLC in 1999. She is a Certified Financial Planner™, Registered Investment Advisor and an Enrolled Agent with the Internal Revenue Service. She brings over 20 years of experience to her practice, providing a holistic approach to each client’s financial plan with experience and flexibility to adapt client’s strategies with life’s many unexpected turns.
Patricia is a founding and past board member of the Alliance of Comprehensive Planners (ACP), a premier fee-only financial planning organization, a member of the National Association of Personal Financial Advisors (NAPFA), and the National Association of Tax Practitioners (NATP). As a NAPFA- Registered financial advisor, she is required to meet the most stringent continuing educational requirements in the industry.
Patricia is originally from Miami, Florida and earned her degree in Economics from Assumption College in Worcester, MA where she met her husband, Tom of 37 years. She fell in love with New England and now resides in Maynard, Massachusetts. In her free time, she loves spending time with her young grandchildren, gardening, hiking and vacationing in their remote cabin in Vermont’s Northeast Kingdom.
Patricia has been quoted for articles in The Wall Street Journal, Wall Street Journal Online, Kiplinger’s Personal Finance, Fidelity Investment’s Stages magazine and E-News and Investment Advisor magazine. She was also a source for the Parents magazine article, “Can You Afford to Quit Work?” and the magazine column about investment strategy for saving versus pre-paying college loans.
John Konetzny is a Certified Financial Planner™ and an advisor at The Practical Planner, LLC. He received his degree in Economics from the Isenberg School of Management at the University of Massachusetts Amherst.
Prior to joining The Practical Planner, LLC, John spent six years at Fidelity Investments working with high net worth individuals and families constructing comprehensive financial, investment and retirement plans. John brings a wealth of knowledge to The Practical Planner in employer sponsored benefits, including Stock Option and Executive Retirement Plans. During John’s tenure at Fidelity, he attained his Series 7, Series 63, Series 66, and his Life, Health and Variable Annuity Insurance License. John is a member of the Alliance of Comprehensive Planners and the Financial Planning Association.
After becoming a Certified Financial Planner™, John realized how much more he could help clients when product sales were off the table. He discovered how much he values transparency in financial planning, a value he believes you can truly only have as a Fee-Only financial planner. John believes having a trusted professional helping to make the best decisions in life will lead to financial freedom.
John resides in the quintessential New England town of Groton, Massachusetts with his wife Elizabeth. He serves as a member of the Economic Development Committee in Groton and as an Eagle Scout, continues to stay active with the Boy Scouts in Groton. In his spare time, John enjoys cycling and running through the picturesque country roads in the area, visiting new cities throughout the U.S. and spending time with his nieces and nephews.
Need more information? Have further questions? We are happy to discuss your particular needs and see if we might be a good fit to work together.
274 Main Street
Groton, Massachusetts 01450
9 Marlboro Street
Maynard, Massachusetts 01754