Richard Hedderick, M.B.A., CFP®

Rick Hedderick, M.B.A.
Associate Teaching Professor, Finance
284 Burke
Mailing Address:
ERIE PA 16563

Mr. Hedderick received his MBA from Penn State Erie, The Behrend College, in 2000 and his Certified Financial Planner™ designation from the Certified Financial Planner Board of Standards Inc. in 2004. Upon graduation from Clarion State University in 1983 with his Bachelor of Science in Business Administration, he owned and operated a small retail business in Erie for 16 years. Upon the sale of his business and completion of his MBA degree, Mr. Hedderick began his practice as a financial planner, which he continues today, along with his full-time position here, at Penn State Behrend, as an associate teaching professor in business and the director of the financial planning program. Mr. Hedderick began teaching here part-time in the 2008 spring semester. His teaching interests include Corporate Finance, Personal Financial Planning, Insurance Planning, and Investments.


Courses Taught *

  • FIN 301: Corporation Finance
  • FIN 330: Personal Financial Planning
  • FIN 340: Insurance Planning
  • FIN 420: Investment and Portfolio Analysis


Record of Membership in Professional and Learned Societies

  • The Financial Planning Association, Denver CO, 2004- .
  • The Estate Planning Council of Erie, Erie PA, 2003- .
  • The Erie Association of Insurance and Financial Advisors, Erie PA, 2002- .
  • The International Association of Registered Financial Consultants, Middletown OH, 2007-2012

My research interests include Personal Financial Planning, Insurance and Retirement Planning.

An Understanding of Behavioral Finance Can Benefit Your Client - July, 2023

The Need For Estate Planning - April, 2023

Should Your Clients File Joint or Separate Income Tax Returns? - January, 2023

Why Is Everyone Talking About I-Bonds? - December, 2022

Who Should Invest in Indexed Annuities? - September, 2022

At What Age Should You Begin Collecting Your Social Security Retirement Benefit? - September, 2021

Why Are Stock Indexes at Record Highs, in the Midst of a Global Pandemic? - March, 2021

Your Emergency Fund May Matter Now More Than Ever - September, 2020

How New FICO Credit Score Changes Will Affect You - March, 2020

Does your Federal Income Tax Withholding Need Adjusted? - April, 2019

Tax Cuts and Jobs Act - September, 2018

How do you plan on paying for your LTC? - March, 2018

Should Your Clients Have A Disability Insurance Policy? - December, 2017

When to Begin Collecting Social Security - September, 2017

What Recent College Graduates Should Know About Financial Planning - June, 2017

How the Labor Departments Fiduciary Rule Affects Consumers - March, 2017

Financial New Year Resolutions - December, 2016

How Can You Help Your Child Pay for College Expenses? - September, 2016

Estate Planning Tools Everyone Should Have - June, 2016

Clients Should Know Their Credit Scores - March, 2016

Creating Personal Financial Goals - December, 2015

Is a Roth IRA Only for Retirement? - September, 2015

Risk Tolerance in Investing - March, 2015

Investing in 2012 - December, 2011

MBA, Business, The Pennsylvania State University

BS, Accounting, Clarion State University