Retirement Q&A with Tim Delaney
JDH Wealth is excited to announce Tim Delaney’s retirement!
He started the company 21 years ago after a career as a CPA with Linkenheimer. We are so excited for his new venture in Eagle, Idaho as he and his wife Leigh Anne begin to enjoy their golden years!
We thought it would be fun to ask Tim some questions about his career and what retirement will look like.
- What did you study in college?
I begin my college career at Northern Arizona University (Flagstaff) in 1972 and graduated in 1976 with a bachelor’s degree in Data Processing Management, which was basically a degree in programming. I then stayed one more year and got an MBA from NAU with an emphasis in Accounting in 1977. After graduation, I landed a job with the international accounting firm of KPMG in their Newport Beach CA office. The office overlooked Fashion Island and the Newport Harbor. We were on the 8th floor so it had a fantastic view of the Orange County coast.
- What are two trips that are on your bucket list?
Leigh Anne has had the desire to go on an African safari, as long as she doesn’t get taken for a midnight snack by the lions. We are hoping to pull this trip off in 2023. The other trip is to go to Australia and New Zealand. Good day mate! This trip will probably happen in 2024.
- What three financial things would you do differently if you had to go back in time?
1) I would have started investing for retirement right out of college instead of waiting until I was 33. That additional 10 years would have really added to our portfolio. 2) I wish I had learned about asset allocation/diversification at an earlier age. I came across this evidence based investing in 1995. If only I had learned about it in 1977 when I got out of college. 3) When making my first IRA investment in 1987, I was deciding between a real estate project in Southern California and a new startup company called Microsoft. My wife and I decided to go with the real estate investment, which later went bust. As for Microsoft, well, the rest is history.
- What are your top three goals in retirement?
1) Spend time doing some short term missionary work, 2) provide pro-bono financial counseling to the staff and missionaries at Mission Aviation Fellowship, based in Nampa ID, and 3)Spend time flying back to California visiting our three kids and eight grandkids.
- Why did you leave the accounting world?
After I got JDH up and running, I found that I loved wealth management more than I did CPA work. Plus JDH was doing well enough that I could leave my CPA work and avoid those dreaded tax seasons. After doing tax seasons for 34 years, I was happy to regain more of my time during the months of February to April .
- What do you love about being a Wealth Advisor?
Developing deeper relationships with my clients and being told by many a client that my advice and counsel was making a difference in their lives. Plus having clients outside of Sonoma County allowed Air Delaney to fly to many of the other western United States for client meetings.
- What’s the hardest part about being a Wealth Advisor?
Since I am so passionate about how clients, and people in general, should invest their serious money, it was always difficult when prospective clients didn’t become a client and wound up following a path that wasn’t in their best interest.
- What will you miss most about being a Wealth Advisor?
I have worked with so many clients for many years. I will miss the meetings and finding out how they are all doing. I will also miss the gatherings with my colleagues from around the country when I attended continuing education classes. Over the last 21 years, I have made a number of friends and now I won’t see seeing many of them anymore.
- What is your greatest accomplishment?
From a work perspective, getting JDH up and running to become the company it is today. The 2nd great accomplishment was hiring my son Matt back in late 2005 to join me at JDH.
- What do you like to do in your free time?
Taking my dog Tucker for an hour long morning walk every day, spending more time with Leigh Anne, and beginning the pro-bono financial counseling with the folks at Mission Aviation Fellowship.
- Now that you’ve moved to Eagle, Idaho, what do you love most about it?
The four seasons and the friendliness of Idahoans.