Kathleen (Kate) Cote, CFP® Red Clover Financial Planning

Contact this advisor

About Kathleen (Kate) Cote, CFP®

Kate began her financial career in the trenches at Fidelity Investments, the fourth largest mutual fund and financial services group in the world. She quickly advanced into leadership positions, managing an operations team, working in problem resolution and navigating the 2000 and 2008 financial crises.

Although she loved helping people work toward their financial dreams, she realized that just focusing on the investments wasn’t enough. She wanted to provide a service that not only delivered investment results but helped clients with their entire financial picture including; insurance, benefits, debt, taxes, estate planning and retirement planning. To realize her vision and truly help clients, Kate established Red Clover.

Kate begins each client engagement by first learning about what is important to her clients, their values, the essential elements they need to live their best life now and then she works with them to build the financial infrastructure to support that life. After all financial planning should be about you, not your money. She is adept at connecting all the dots for clients and asking the hard-hitting questions so that they fully understand and appreciate all the pieces and parts of their financial wellness equation. In short, Kate helps her clients find a balanced approach to living, spending, saving and investing that is true to them.

Contact this advisor

Recently Published

Medicare Changes in 2020

February 5, 2020

Read the full post →

Jump-Start Your Financial Plan For 2020!

January 10, 2020

_Jump-Start Financial 2019.jpg

By Kate Cote, CFP®

Are goals on your mind? It seems like you can’t do anything at this time of year without being asked about your New Year’s resolutions or seeing people post their lofty plans for the future. For most of us, a new year brings renewed motivation and excitement for the future, but to make that future a reality, you need to go one step further. Your good intentions need to be coupled with practical steps that get you closer to your goal, one step at a time.

And since finance-related resolutions consistently fall in the top five most popular New Year’s resolutions, (1) I want to make it easy for you to take action by giving you 5 ways to jump-start your finances in 2020!

1. Take Stock Of Your Financial Life

Before diving deep into the details, take a moment to get a big picture of your finances. Have you picked up some less-than-stellar spending habits? Do you regret how you’ve spent your money or neglected to save? Are there certain areas in which you excel? Whatever your financial life has looked like in the past, don’t let your mistakes keep you from moving forward. Instead of dwelling on what you wish you could have done differently, learn from your mistakes, reflecting on what worked and what didn’t. Then take your newfound insight and wisdom and move forward. Take stock of your current financial situation, including income, savings, debt, and expenses, and decide what you want them to look like in both the short term and long term.

2. Kick Debt To The Curb

If you are ready to start conquering your goals, one of the first steps you need to take is to eliminate debt. When you pay 10-30% interest on any number of credit cards or loans, you limit the amount of money you have available to put toward your goals, whether that’s maximizing your retirement account or going on a dream vacation. Become relentless about reducing your debt and interest costs, and consolidate accounts where you can. 

If you have a loan with a significantly higher interest rate than the others, you may want to work on paying off that one first. Or, if you’re feeling overwhelmed by debt, try paying off the loan with the smallest balance first, no matter the interest rate, to gain some momentum. Use a debt calculator to calculate out how long it will take to pay off your debt, then build extra payments into your monthly budget so you aren’t tempted to spend that money elsewhere. 

To prevent accumulating more debt, create an emergency fund. By setting up a liquid, easily accessible savings account, you won’t have to rely on debt to cover those inevitable life expenses, such as home repairs or medical bills. Create this cash cushion by putting aside money from each paycheck until you have enough to cover approximately three to six months’ worth of living expenses. You will never regret having an emergency fund at the ready. 

3. Prioritize Saving

If you aren’t already saving for your future, the sooner you start, the better. And if you already have a savings plan, find ways to save more by cutting back on expenses, channeling a healthy percentage of any raises and bonuses directly to savings, and automating savings increases of 1% of your paycheck every few months. It may not seem like you are making much of an impact, but every dollar helps. Your increased savings can be invested into your company 401(k), 403(b) or TSP plan or your personal IRA. 

Then watch the magic of compound interest grow your money over time as you earn interest not just on your principal but your interest as well, making your money work smarter rather than harder as you pursue your goals. That’s motivation enough to keep working toward your goals! 

4. Invest With Intention

On the savings note, make sure you’re investing your hard-earned money properly. Anyone can close their eyes and pick a random mix of mutual funds to invest in, but having a customized retirement plan based on your circumstances, goals, and risk level is what will get you from point A to point B. Asset allocation is the most critical investment decision you can make, especially in our current volatile market. 

Work with a financial professional to determine your risk tolerance level and create an investment strategy that will give your portfolio a clear sense of purpose. It’s also critical to rebalance on occasion to ensure your portfolio is still aligned with your goals and time horizon.

5. Join Forces With A Financial Professional

Whatever your situation, whatever your goals, a financial professional can walk you through each of these steps to get your financial plan in shape. You’re much more likely to make your New Year’s resolution a reality if you have a concrete plan in place. At Red Clover Financial Planning, we believe that a strong planning process is the best way to create a more financially secure plan. If you want our help to create a customized, detailed blueprint of what you need to do to meet your goals, schedule a free 20-minute phone call online or give us a call at 703-677-4587 to get started.

About Kate

Kathleen Cote is the owner of Red Clover Financial Planning, an independent financial advisory firm that offers its clients a personalized, holistic approach to financial health and personal happiness that is accessible, no matter where life takes them. Kate has over 20 years of experience in the financial service industry and is a Certified Financial Planner (CFP®). She is committed to delivering financial plans that serve as a comprehensive, action-oriented road map. As a military spouse and after years of experience helping government employees, Kate is well-versed in the benefits and challenges employees in these areas face and desires to help them maximize their opportunities to live their best life now. To learn more about Kate, connect with her on LinkedIn.

_______________

(1)  https://vitagene.com/blog/most-popular-2019-new-years-resolution/

Read the full post →

What We Do And How We Can Help

December 17, 2019

What We Do.jpg

By Kate Cote, CFP®

In my many years as a financial planner, I’ve seen two issues come up over and over again. People either don’t know what they want out of life or what will make them fulfilled, or they do know but they don’t know how to get there. Both of these situations can feel crippling, but Red Clover is here to empower you by helping you define the essential elements you need to live your most fulfilled life and then build the financial framework to support that life. 

Who We Are

Red Clover Financial Planning is an independent financial planning and investment management firm offering a personalized, holistic approach to financial health and personal happiness. Our process always starts with you. We get to know our clients, learning what makes them tick, what gets them up in the morning, what they fear, and what they dream about so that their financial plan can reflect their values and what they want in their life. 

What We Do

In a nutshell, Red Clover offers happiness-driven financial plans to meet the specific needs of federal and military employees. As the spouse of a veteran and my many years serving government employees, I know all the ins and outs of the benefits and pay structure that those in military and government careers have access to. So whether you are currently in the military or are employed by the government, are a veteran, or are transitioning from military to civilian life, our tailored services are here for you.

Our financial planning process looks at your entire financial picture, leaving nothing to chance. We don’t just invest your money and call it good; we help you find a balanced approach to living, spending, saving, and investing that inspires comfort as well as confidence. We do this by first helping you define your dreams and examine your current situation, then strategizing and implementing a financial plan that serves as an action-oriented road map. 

And since everyone experiences change, even more so as a military or government employee, our plans and services grow and change with you, following you across the miles and over the years through all of life’s transitions and major decisions.

The Red Clover Difference

You have a lot of financial firms to choose from, so why choose Red Clover? Over and over again, our clients tell us that these four things set us apart from the rest:

  1. We solve problems. We don’t just advise you or only look at the numbers; we connect the dots, dig into the problem areas, and work with you to find solutions that fit you and your situation. 

  2. We equip you to succeed. In our interactions with clients, we spend a lot of time helping people define their goals and understand what makes them happy so they can make decisions based on their values, not just their account balance. 

  3. We put you first. As a fiduciary and a fee-only financial planner, we don’t sell financial products or steer you toward commission-based products that benefit us. So you can rest easy, knowing you have an advocate who only has your best interests in mind. 

  4. We have access to the best financial technology. We use the Cadillac of financial planning platforms so that our clients can see their complete financial picture and play around with variables to test how certain actions or decisions will impact their overall plan.

More than anything else, our number-one goal is to make sure that you are living your best life now while setting you up for the best possible future. If you’re ready to work with someone who goes the extra mile for you every day, I encourage you to reach out. Schedule a free 20-minute phone call online or give me a call at 703-677-4587 to get started. I can’t wait to hear from you! 

About Kate

Kathleen Cote is the owner of Red Clover Financial Planning, an independent financial advisory firm that offers its clients a personalized, holistic approach to financial health and personal happiness that is accessible, no matter where life takes them. Kate has over 20 years of experience in the financial service industry and is a Certified Financial Planner (CFP®). She is committed to delivering financial plans that serve as a comprehensive, action-oriented road map. As a military spouse and after years of experience helping government employees, Kate is well-versed in the benefits and challenges employees in these areas face and desires to help them maximize their opportunities to live their best life now. To learn more about Kate, connect with her on LinkedIn.

Read the full post →

Visit the blog →

Ideal Clients

  • Gen X
  • Government Employees
  • Military & Veterans
  • Women's Finance

Ways Advisor Charges

  • Monthly Fee
  • Hourly
  • Assets Under Management

Fee Options

  • Monthly Fee: $300+/mo
  • Hourly Fee: $300+/hr
  • AUM: 1.00%

SEC Records

States Registered

  • Virginia

Loading...