7 Steps To ‘Personalize’ Your Risk Tolerance
Investors likely don’t have just one risk tolerance – they have several. Our approach to solving risk is to develop a composite of different risk tolerance worksheets. The goal is to create a personalized risk tolerance. Using this simple step-by-step exercise, you will have a tailored investment philosophy that supports, synergizes, strengthens, and maximizes your […]
How To Budget a Sustainable Retirement
Developing an effective budget is one of the most avoided aspects of the financial planning process. However, a realistic sense of one’s budget is essential since it is only possible to determine the sustainability of a financial plan with one. Budgeting is tied to cash flow, so not having a reasonably accurate sense of expenses […]
Bucketing Bummer. The Retirement Rules Have Changed… Again.
COVID placed a ‘wedge’ in the retirement plans of almost all retirees. Far too many people I meet think of their money as one giant “lump.” If you think of it that way, then you are likely missing an opportunity to be efficient (and probably in multiple ways). You’re missing a “broad landscape” opportunity to […]
They’re Selling You The Sizzle, Not The Steak
So the larger planning firms must be better at what they do, right? They must have proprietary skillsets, technology, and other solutions that are only available through them. After all, they currently hold almost all of America’s wealth and frontload a shocking amount of lobbying money against the fiduciary standard. The assumption by many clients […]
What Is The Perfect Financial Plan?
There are many trustworthy resources out there that can help you define the technical makeup of a financial plan. This article is not about that part of the planning process. After making thousands of plans, I can tell that you that my job as a planner is to craft plans that: (1) include every pertinent […]
