John Mumford is the consummate financial professional, with
academic degrees, professional certificates and experience far
beyond many of his professional contemporaries. Yet his favorite
clients have always been parents grappling with typical problems
associated with college funding and long-term retirement plans.
One of Colorado's leading professionals in college funding, John
is a sought-after media source and public speaker. Along with more than 17 years of financial planning experience, this Certified Financial Planner has a BSBA from the University of Denver, a BSBA in Accounting from Metropolitan State College, an MBA in Finance from the University of Colorado and a variety of FINRA licenses including his Series 7 trading designation.
John is also a Certified Public Accountant* whose career includes investment portfolio planning at the prestigious firm of Waddell & Reed. He was Chief Financial Officer of Greenwich Capital Mortgage, Vice President and internal auditor/ corporate tax planner for First Interstate Mortgage and an internal auditor for Gates Rubber.
More important to John are his 48 to 65-year-old clients, for many of whom he saved the day with expert college planning integrated with retirement planning strategies. "For most people," John notes, "college is a low priority until a child enters his or her junior or senior year. Then it becomes an immediate urgency as parents, even grandparents, suddenly face sixfigure price tags for each child."
John looks at the "whole problem, repositioning all assets at that point, which becomes a major turning point for parents. We're not talking about ‘just another' college loan with $1,000-a-month payments for parents, which is like a credit card debt that will never go away. The goal is to get parents financially sound with what they have to work with."
His comprehensive family financial plans therefore look at a myriad of options from work/study programs to parental cash flow to reduce debt, to a host of related financial aid programs and tax benefits.
"I usually begin with a family at a total loss about what to do," he says. "Then I reduce the stress factor significantly, moving on to retirement goals for parents, which, more often than not, are forgotten until the last. But if parents don't get college right, they won't get retirement right. So, the satisfaction for me comes from delivering an immediate solution that becomes a long-term solution for everyone."
John lives in Centennial with his wife and one of two older sons living at home while attending college.
E-mail John at: john.mumford@peakcapital.com
* John Mumford is a Certified Financial Planner (CFP) offering securities through LPL Financial working with Peak Capital Investment Services of Denver, Dallas and San Antonio. He is a (currently inactive) Certified Public Accountant and a Registered Representative with a Series 7 securities trading license from LPL Financial and FINRA. John also holds numerous other licenses including Series 22 covering limited partnerships and Series 63 allowing intrastate trading. He is also licensed to represent Life, Variable and Health insurance products in Colorado.
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