Cheryl S. Hancock

Cheryl S. Hancock Director of Financial Planning.Cheryl S. Hancock joined Rinehart & Associates as a Financial Planner in 2003.Prior to joining the firm Cheryl was employed with McGladrey & Pullen Offering financial planning and portfolio management services.Specializing in post divorce financial issues. tax planning and wealth maintenance by Dougherty investment & Associates CPAs.Best Team in the West.

Says Cheryl Hancock, CFP, of Rinehart & Associates in Charlotte, North Carolina, "It's increasingly important to most of our clients that they be able to remain in their homes for as long as possible, so we want to see a home care benefit equal to or greater than the nursing benefit.
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Cheryl Hancock says recommending a ten-pay should be rare because costs are three to four times higher than traditional policies.

Cheryl S. Hancock, Director of Financial Planning

Cheryl S. Hancock joined Rinehart & Associates as a Financial Planner in 2003.Prior to joining the firm, Cheryl was employed with McGladrey & Pullen, LLP in Charlotte.While there, she specialized in gift taxation and provided support to the Wealth Management group in the area of financial planning.

Cheryl graduated from Mount Union College in Alliance, Ohio with a double major.She attended the University of California, Berkeley and received a certificate in Personal Financial Planning in 1998.Cheryl is an Accredited Tax Preparer (ATP) and a Certified Financial Planner Certificant.She is an active member of the Financial Planning Association (FPA), the Charlotte Estate Planning Council, and the National Association of Personal Financial Advisors (NAPFA).

Cheryl is active in the Crisis Assistance Ministry's "Room in the Inn" through her church.She is in charge of the Inn's Clothing Closet and spends each Thursday (December through March) helping to outfit the homeless guests with clothing donations.

This is the most important step in the process, says Cheryl S. Hancock, a financial planner at Rinehart & Associates in Charlotte."It's really the first exercise a couple should do if they're even considering making this change," she said.

Hancock suggests breaking expenses into two categories: fixed and floating.Fixed expenses are payments that are a constant every month, like mortgage, insurance, car and utilities.Floating expenses are those over which you have the most control, and include entertainment, clothing, vacations and credit cards.

Examining your bank statement line by line will open your eyes to how much is spent on such "extras" as dining out, clothing, splurges and ATM withdrawals.

"When my clients look at their bank statements they are always amazed at how much and how often they use ATM machines," said Hancock.
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"Because you're paying such high interest rates, if you're only making the minimum payments every month that debt will sit there forever," says Hancock.
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"It's important to have an emergency savings plan," advises Hancock.
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Before becoming a financial planner, Hancock, herself the mother of three, left her job in the software industry to raise her children.When she was ready to work again after 10 years she took the opportunity to reinvent herself and become a financial planner."Unless you're keeping up with your line of work in some way like taking classes at night or doing something to stay connected, it is all but impossible to get back into the same field later down the road," she says.