@jus10castelli I have enjoyed reading your blog and your tweets. Perhaps I have missed it along the way, but in follow-up to today’s tweet about working with an advisor, what questions should a first timer ask a potential advisor? I’m interested, but also a bit clueless. — Justin Gingerich (@JDGingerich) March 19, 2018 My post last week about the different…
“Don’t cheat yourself, instead treat yourself” -Richie Rich “Rather Be Ya…” from 2Pac All Eyez On Me (Disc 2) Traditional financial services companies have convinced the public that financial planning and advice are reserved only for the wealthy; without substantial assets to invest or a high income, there is no need for a financial advisor. This message has been so ingrained…
“America Saves Week is coordinated by America Savesand the American Savings Education Council. Started in 2007, the Week is an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status.” If you did not know, this week is America Saves Week. We all know and understand the importance of saving; whether it’s…
“Saving more money is a brute force solution to the problem of unknown future investment returns. For example, if you assume a 10% return, you may only need to save $X in order to retire. However, if you don’t get 10% every year you will be in trouble…unless you can save more money. At the extreme, if you can save…
In the fourth episode of All About Your Benjamins The Podcast I am joined by an extra-special guest, my wife, Angela Castelli. Ang and I have a candid conversation about the importance of communication within a relationship when it comes to household finances. We’ll discuss why communication is the foundation to successfully managing finances, the topics to discuss, and some…
Well, it’s not a crew in the sense we all work together. In fact, members of the XY Planning Network, work independently from each other, but we are a crew, nonetheless–a crew of over 500 financial advisors. We all have our own firms, serve different clients, but are all connected by a common characteristic: the desire to help young professionals…
Wealth: 1. an abudance of valuable material possessions or resources 2. abundant supply 3. a.) all property that has a money value or an exchangable value b.) all material objects that have economic utilty; especially: the stock of useful goods having economic value in existence at any one time. -Merriam-Webster Dictionary I had the opportunity to join Tim and Tom…
I recently met with a young couple to begin working on their financial plan; their situation was not uncommon for my WealthFusion™ clients: dual income, adequate emergency fund, retirement savings going and a 529 plan started. My initial recommendations were typical for young parents: additional life insurance and wills were first up, followed by some tweaks to their current retirement…
“We never should have done it, and the regulators never should have allowed it,” Thomas McInerney, president and chief executive of Genworth Financial Inc. since 2013, says of the pricing strategy. “That’s crazy.” Over half of my clients fall into the Baby Boomer category, and over the years I’ve had conversations around long-term care (LTC) insurance with many of them. A few of them decided…
I have to confess something…I don’t follow my own advice when it comes to CNBC. I tell clients all of the time to tune out the noise and not to even turn the station on. Yet, it’s streaming all day in my office; granted all but an hour of the day the sound is turned down so I can listen…