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Category: Planning Process

“Optimal” Retirement Planning Strategies

“Optimal” Retirement Planning Strategies

I read articles regularly that discuss optimal portfolio withdrawal strategies.  I think these articles are great but are probably best kept in the academic world.  In other words, they should not be given to clients.  I have a friend that was forwarded one of these articles by an advisor as the basis for their retirement planning decisions and asked for my thoughts.  Don’t get me wrong, it’s great that this advisor is staying up to date on the latest research, but…

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Objectivity as a Value Proposition

Objectivity as a Value Proposition

The Latin term panem et circenses (bread and circuses) is a figure of speech for a superficial form of appeasement.  It is a diversion or a distraction from core issues.  If you’ve seen the movie Gladiator, multiple times they show Roman soldiers throwing bread into the stands of the Colosseum prior to the starting of the games.  Both the provisions of bread and the games themselves (hence bread and circus) were literally designed to be distractions from the poor living…

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Emotions & Retirement Planning

Emotions & Retirement Planning

Last week, I had a conversation with a recently retired reader that I thought might be applicable to what many retirees are likely to experience at some point in retirement and wanted to share some insights with regard to how you might approach the issue. Important points from the conversation: Earlier this year during the market pullback, the investor sold his entire equity position and invested the proceeds into bonds which he acknowledged was a “knee-jerk reaction” to the market volatility….

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Who is going to help your spouse?

Who is going to help your spouse?

Last week I wrote a post titled “Switching Advisors at Retirement – Things to Consider“.  It didn’t occur to me until after re-reading it that I realized I omitted one of the most important (and overlooked) things you should be looking for in your search.  And that is, “Who is going to help your spouse if something happens to you?” When considering switching advisors, the final decision regarding who to hire often resides with the person that handles the day-to-day…

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Switching Advisors at Retirement – Things to Consider

Switching Advisors at Retirement – Things to Consider

As investors close in on retirement, it’s relatively common to consider changing advisors.  I often inquire when meeting a prospective client for the first time as to why they are considering making a change, and the answer usually falls within one of two categories:  (1) They question whether or not their advisor has the expertise necessary to get them through their retirement or  (2) Their advisor is roughly their age and likely considering retirement as well, so they understandably feel…

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The Big Rocks of Retirement Planning

The Big Rocks of Retirement Planning

My brother is a fitness and health fanatic.  Safe to say I am not.  I enjoy a good workout, but it’s definitely not the highlight of my day.  Nor is eating a super healthy diet.  But I do want to stay in good health for many years to come. For years, I have consulted with my brother who has consistently recommended great plans for me to follow to get into and stay in great shape on both the physical and…

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My Financial Planning Principles

My Financial Planning Principles

When choosing a financial advisor, it’s critical that you agree on a common set of beliefs to ensure that proper expectations are set.  Therefore, I felt it would be helpful to make my specific planning and investing principles readily available.  Below you’ll find my Financial Planning Principles.  If you’re interested in my Investment Principles, click here. Financial Planning Principles: In order to be successful financially, you need a plan – The financial plan and the planning associated with it is…

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My Process – What You Can Expect

My Process – What You Can Expect

The process I use has been designed to help you make a comfortable decision regarding who you’d like to partner with for your retirement.  There is no cost or obligation for going through this process as I want you to know exactly what you can expect before you pay us a single dollar. Step One – Initial “Fit” Meeting: Perhaps most importantly, I understand that for many people, the most uncomfortable part of meeting a potential advisor for the first…

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