Schaefer Financial Management Inc

Item 5: Fees and Compensation

Fee schedule and payment of fees

Fees and Compensation: Financial Planning

Compensation for financial planning services is on a fee basis. The minimum initial fee for financial planning services is
$2,500. Prior to any financial planning work being commenced, we will provide a proposal that outlines the scope of work to
be included in the engagement, and our fee for the completion of that work. This turnkey fee quote is designed to eliminate the
uncertainty and confusion that is inherent in an hourly billing arrangement. Should the engagement expand or should there be
additional planning work required after the development of the initial plan, such work will be billed at the rate of $250 per
hour. While reviews are not required, they are encouraged. A financial plan is necessarily a dynamic document that should be
reviewed as time passes, or circumstances change. When reviews are conducted, they are billed at the rate of $250 per hour
with a four-hour minimum. A deposit of $500 is required at the time that the Planning Agreement is executed. This deposit is
applied, in full, to the planning fee. The engagement may be terminated at any time by either party. Work completed up until
the time of termination will be billed at $250 per hour.

Although it is our preference to develop comprehensive plans, we may from time to time agree to perform consultations on
more narrowly focused issues on a one-time basis. Charges for consultations of this type will be billed at the rate of $250 per
hour. Special Projects will be handled on a negotiated basis depending upon the nature and complexity of the task.

A prospective planning client should have an investable net worth of $500,000 and/or an annual income of at least $250,000.
We may, in our sole discretion, waive these minimum requirements.

Fees and Compensation : Investment Management, Quarterly Reviews

The minimum required size for new managed account relationships is $500,000. Family assets will be combined for purposes
of meeting this minimum (i.e., spousal accounts, custodial accounts, retirement plans, educational accounts, etc. are combined
to determine portfolio size). Schaefer Financial Management, Inc. may, in its sole discretion, waive this minimum account
size.

Fees for investment management services will be computed as a percentage of the assets under management. Assets under
management will be determined on the final business day of each quarter, using closing bid prices for all securities as reported

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    by custodians. In the event that a client portfolio contains non-marketable securities (i.e., limited partnerships, etc.), historical
    cost will be used unless a more reasonable value estimate is available. Quarters will correspond to the client's anniversary date
    rather than calendar quarters. In the case of fixed income securities, accrued interest may also be considered in computing
    assets under management. The percentage scale is as follows:
                                                                                                     Annual
              Account Size                                                                      Percentage Fee

             First $1,000,000                                                                       1.0%
             Next $1,000,000                                                                         .6%
             Next $3,000,000                                                                         .4%
             Next $5,000,000                                                                         .2%
             Above $10,000,000                                                                    Negotiable

    Schaefer Financial Management, Inc. reserves the right to negotiate alternative fee schedules in its sole discretion. Fees are
    payable in arrears and are billed on a quarterly basis by applying the annual percentage fee to the total assets under
    management on the last day of the quarter and dividing the result by four (4). Fees will be pro-rated for clients commencing or
    terminating the service during a quarter.

    All fees are due and payable in full within ten (10) days of our receipt of an invoice. If the client elects, they may have fees
    deducted directly from their Schwab account, with a copy of the invoice sent to the client. We retain the right to terminate the
    investment management agreement for any client whose account is fifteen (15) days past due.

    Fees and Compensation: Investment Management, Annual Reviews

    Effective January 1, 2021, the fee for annual reviews is payable upon billing at the end of the client’s annual review year, is not
    negotiable, and will be .5% of the investment assets, with a minimum fee of $1,250 per year. The fee for annual reviews is
    payable upon billing at the end of the client’s annual review year end.

    Fees and Compensation: Other Services

    Fees and Compensation for Insurance Implementation services are discussed at Item 4: Advisory Business.

    Clients are responsible for Third-Party Fees

    Our fees are exclusive of brokerage commissions, transaction fees and other related costs and expenses which might be
    charged to the client by custodians, brokers and other third parties. Mutual funds and exchange traded funds charge
    management fees in addition to standard brokerage commissions. Clients are responsible for the payment of these third-party fees.
    We do not receive any portion of these commissions, fees, expenses and costs. See Item 12: Brokerage Practices below for
    information concerning our relationship with Charles Schwab & Co., Inc., a registered broker/dealer who acts as a broker for
    our clients’ securities transactions.

    Prepayment of Fees
...

Item 7: Types of Clients

We generally provide investment advice to these types of clients:

         Individuals

         Pension and Profit-Sharing Plans

         Trusts, estates, and charitable organizations

Our requirements for opening or maintaining an account, including minimum account size, are discussed above in Item 4:
Advisory Business and Item 5: Fees and Compensation.