Family Man, Guitar Picker, Baseball Fan
Payne Wealth Partners
601 N Cross Pointe Blvd.
Terry Prather tries to strike a healthy balance between today and tomorrow.
In his position as a Wealth Planner with Keystone Financial Consulting, Terry helps families use their financial resources to accomplish what’s most important to them. “I help families evaluate and balance their long-term financial independence with all their other life goals,” he says. “These families often want to be responsible with the financial resources available to them to do good things for family and the causes they’re passionate about. We all make financial decisions every day, and I have the privilege of helping clients make these decisions in context of their long-term picture.”
Had he not found college physics to be boring, he might not have ever become a wealth planner. Initially Terry pursued an engineering degree, but lacked enthusiasm for the physics classes in his major. When he switched colleges and changed majors, the pieces began to fall into place. He discovered an aptitude for accounting, and after graduation found himself drawn to financial planning. This desire eventually led Terry to earn the CERTIFIED FINANCIAL PLANNERTM certification and then pursue a Master of Science in Financial Services, and each day he uses this knowledge to help families find that healthy balance between today and tomorrow.
“I enjoy being face-to-face with our clients, and I like being able to explain the more technical aspects, explain how their strategy works,” says Terry. “We like it when clients walk away feeling they received a lot of value, that we’ve used their resources effectively.”
As a man with a strong, faith-filled Christian background, Terry devotes a good bit of his free time toward music ministry in his church, New Life Church in Newburgh. Terry and his wife Paula share their talents through singing and playing guitar (Terry) and keyboards (Paula) and are sometimes joined by their three children in this endeavor. They also like to spend time as a family outdoors, visiting Holiday World and Paoli Peaks, riding bikes, hiking, and swimming.
– Connecting all the pieces of one’s financial puzzle to create clear picture and road map
– Helping families achieve long-term financial independence
– Reducing taxes through IRA related strategies
– Coordinating the optimal Social Security claiming solution with a family’s primary goals and overall wealth plan.
– Identifying/addressing/evaluating risks that could derail a family’s financial plan
“…there is a high possibility you would find me and my family enjoying the water during the Summer, whether it be swimming the pool or going to Holiday World. We also enjoy getting outside to ride bikes together and always look forward to making a trip to Owensboro to ride on their family trail. It doesn’t hurt that the trail runs into a conveniently placed Dairy Queen either. I enjoy coaching Ryan’s baseball team and playing music with the whole family on occasion at church. Lena and Tera sing and play the piano, while Ryan plays several instruments.”
“…it had to be about 7 or 8 years ago at our prior house in Evansville. For the sake of keeping the house clean, we kept our cat’s food and litter box in the garage. To make it easier for the cat to enter and exit the house when it pleases, we bought a little cat door that fit into the bottom of the door leading to the garage. It was a day on a weekend when my wife was gone all day with the kids, so I was home by myself. I thought it would be nice to have the new cat door put in by the time they got back. I took the door off, measured and cut the door carefully, and with little time and effort was able to perfectly fit the cat door into the larger door. This was one of my first home projects, so I was pretty proud of myself! I went to finish the job and put the door back on the hinges only to find that I had put the cat door at the top of the larger door, not the bottom. I had cut and placed the cat door upside down on the actual door. Let’s just say that I have progressed my home improvement abilities since then and have not made that mistake again.”
“There is no one I know that cares more about doing what is right in every situation than Terry. He has amazing morals and I have seen him time and again go out of his way for complete strangers to help them in a time of need. Terry cares deeply about each person he interacts with each day and that is a quality that I admire greatly.”