Want a quick way to end up in a financial mess (warning: NSFW language)…
Category: Financial Planning
A New Retirement
My fellow Millennials, it’s time we have a heart-to-heart about retirement. If you are planning on working for 30 years and then retiring, it is time to reassess those goals. Our retirement is going to be much different than the generations before us. Old Retirement = Pension + Social Security+ Savings Here are the facts: Life expectancies continue to rise:…
The Suit: Financial Planning For A New Generation
Recently, I was interviewed by The Suit magazine regarding my focus on working with Millennials. It’s exciting to have the opportunity to continue working with pre-retirees and retirees, along with my peers. I was told by other advisors that working with younger clients was not possible…well, in just a year my WealthFusion™ program is growing, and I’m finding plenty of…
Organizing Your Financial Plan
Once you have your financial plan, it’s important to make sure the components of the plan, i.e. insurance documents, investment accounts, estate planning documents, etc., are organized. Sure, you may know where everything is located, but does your spouse? If someone else had to locate the components of your plan, could they? How difficult would it be? I recommend keeping…
Stay In Your Lane
By now, you’ve seen the action shot from last night’s Olympic 200m butterfly swim; you know, the one where Michael Phelps is mid stroke and zoned in looking down his lane. In the next lane Chad le Clos is looking at Phelps instead of focusing on his own race. This might be one of the best photos from this summer’s…
Money & Hip-Hop
Typically, rap artists are not your go-to source for financial advice, or even a good example of what to do with your money. For every Jay-Z, there are hundreds of MC Hammers; from the entourages to grills, homes, cars, partying and other frivolous spending, there is little financial responsibility. However, there is no shortage of songs about money, so I…
The Millennial Effect
Millennials are changing the game. According to the 2015 Census Bureau Report , Millennials, defined as those born between 1981 and 2004, have surpassed the Baby Boomers. And, we’re already starting to see the impact Millennials are having on business.
Health Insurance Premiums Going Up, in 20-17
Hopefully, you read the title as if you were singing ILoveMakonnen’s “Tuesday”! Today was supposed to get off to a great start…it’s National Donut Day. But, the first article I read on Twitter put a bit of a damper on the national holiday. It is a national holiday, right? According to an article by a local news station, Anthem is predicting…
Protecting Your Most Valuable Asset
What’s your most valuable asset? Your 401(k)? Your home? Guess again. While these two assets typically dominate most Millennials’ assets section on a net worth statement, there is an asset that is more valuable than both–your income. Without your income, there is no 401(k) and no home; your income provides for your family, allows you to save for the future,…
Whole Life Insurance: Financial Planning Red Flag #1
I recently met with an ambitious 20 year old looking to make sure she was building a sound foundation for her finances. As we talked about her goals, financial situation, and savings I learned that she has been sold a whole life insurance policy–financial planning red flag #1–after meeting with a friend just getting started in the business. For those not…