The Life Planning 101 Podcast
Sharing over 40 years of experience to help you with financial planning, investment planning, tax planning, estate planning, legacy planning, retirement planning and much more.
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Episodes
Monday Nov 09, 2015
Monday Nov 09, 2015
Recently I was speaking with a client about how important it is to take preventative measures in regard to health - eating right, exercising and taking the right supplements. People are living longer than ever before, but that doesn’t mean we are living healthier than ever before, which can prove to be a double whammy. The same double whammy applies to...
Monday Oct 26, 2015
Monday Oct 26, 2015
Don’t feel alone. You don’t have to be a search engine whiz to discover that 77% of Americans saw their taxes increase in 2013 (the most recent tax data available). To add insult to injury, it hasn’t stopped therefor many of us. Itemized deductions are disappearing, we have two new taxes to fund Obamacare and increase Medicare support…
Monday Oct 19, 2015
Monday Oct 19, 2015
This was a recent headline in a newsletter we read frequently called “Trust Advisor.” The article opened with the statement,“Imagine that you’re a self-made person with $100 million in assets. Do you leave it all to your children?”1
Okay… $100 million is a bit outrageous, but it did give me anew perspective. What if my estate was$100 million? Would this be too much to leave my kids? ... If “yes,” why would it be too much?...
Monday Oct 12, 2015
Monday Oct 12, 2015
Warren Buffet said, “Risk comes from not knowing what you’redoing.” Isn’t it interesting that the same could be said about “Fear?” Everyone has a slightly different relationship with risk. We are the sum total of our experiences or lack of experiences which have led us each to a precise point in life. Some of us thrive on risk. Some of us do everything we can to avoid risk.And the majority of us are somewhere in between this million mile range...
Monday Oct 05, 2015
Monday Oct 05, 2015
Our experiences over the last 26 years working with individuals who are in their last years of working, retiring, and reaching retirement have taught us more than you can imagine. But if you were to ask what the number one piece of advice we would give you from all of these experiences is, it wouldn't have anything to do with money. It would simply be to have something to retire to...
Monday Sep 28, 2015
Monday Sep 28, 2015
Have you ever thought about the information stored on your computer or other devices that someone would need to know about if you were suddenly incapacitated or no longer with us? I recently heard about a CPA in Wyoming that didn't. It took his family more than seven months to sort out the mess after his sudden death.And to add even more pain, it happened right in the...
Monday Sep 21, 2015
Monday Sep 21, 2015
This is a major question facing our generation. It is expensive - and is becoming even more expensive. Just the thought of needing it is unpleasant and can evoke strong emotions. And at best it appears imperfect:Buying a plan that will only pay for a certain number of years and which might not be enough to protect your family. Trying to predict the level of inflation for when you...
Monday Sep 14, 2015
Monday Sep 14, 2015
You’re not alone-whatever your excuse may be. It’s too time consuming, complicated, not sure how…Unfortunately, a budget is the very foundation for your entire life plan.Without one, you can’t build any kind of plan without running a huge risk that it may all fall apart. According to a GoBankingRates survey, 1 in 4 Americans’number one...
Monday Sep 07, 2015
Monday Sep 07, 2015
Everyone has a slightly different definition when it comes to success. Recently we attended a forum that is made up of some of the most “successful” people in our industry. Interestingly enough, this was the focus the forum which lasted almost two hours. One of the definitions I heard, "Success is reducing the“have to’s” and increasing the “want to’s," hit the nail on the head for me. Who wouldn't want this?!...
Monday Aug 31, 2015
Monday Aug 31, 2015
If you thought the market was going to keep climbing steadily without any hiccups, I am sad to say that’s what we call a pipe dream. We all wish this dream could be a reality, but the reality is market volatility is normal and what we have experienced in the market since 2011 is not normal...
Monday Aug 24, 2015
Monday Aug 24, 2015
The threat of identity theft was already bad enough, yet now we even have to worry about it when filing our taxes: The latest news from the IRS, released on August 17th, reported that thieves used personal information acquired elsewhere to access IRS website tax records and actually succeeded in about 220,000 cases. (It is interesting to note...
Monday Aug 17, 2015
Monday Aug 17, 2015
You may have heard that a confused mind says “No.” So today my goal is to simplify investing so that you can perhaps say “Yes.”
There is no doubt that investing in today’s world is complicated. It is no longer “just” stocks,bonds and cash. In fact, on a broad spectrum we look at 49 different chassis for investing. Yes, 49…and that is only the beginning.