Financial Planning, Millennials

My Crew Rolls Deep

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…

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Bigger Picture, Financial Planning

What’s Wealth Mean To You?

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…

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Financial Planning

Own Your Financial Mistakes

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…

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Baby Boomers, Financial Planning

Long-Term Care Disaster

“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…

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Bigger Picture, Financial Planning

Why I Want To Be Naked

“Using trust as a competitive advantage, modern firms are guided by transparency, ownership of attention, and consistent communication with current and prospective clients. We call them Naked Brands.” Sorry for the click bait…what I should have said is Why I Want RLWM (soon to be RLSWM) To Be A “Naked Brand”…but that wouldn’t have been as attention-grabbing. Early in my…

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Financial Planning, Vlog

Vlog: HSA’s and Retirement?!?

Unfortunately, because my family has a medical share plan and not a traditional health insurance plan (revisit this blog to learn more), we are not eligible for what may be the most tax efficient investment vehicle available–the Health Savings Account (HSA), which also happens to be the most under-utilized investment vehicle. In this video, I cover the basics of an…

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Baby Boomers, Financial Planning

Is An Early Retirement Program Right For You?

In just a few weeks, approximately 2,800 Eli Lilly employees will receive an early retirement incentive offered through Lilly’s Voluntary Early Retirement Program, or VERP.  For Eli Lilly employees evaluating the current VERP, this post comes a little late–applications were turned in a couple of weeks ago and those accepted into the program will find out around November 1st. But,…

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Financial Planning

The Trump Tax Plan Round-Up

I’ll be the first to admit tax planning is not where I spend the majority of my time; I know enough to be dangerous, well, maybe a little more than that, but I am not a tax professional. I don’t do my personal and business taxes, and when it comes to my clients’ taxes, I always refer them to their…

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