Creating a Financial Plan 5 – Pre-Retirement Planning
Before you retire, you must know that you CAN retire, and STAY retired. Pre-planning your retirement before you get there is essential for a successful retirement.
Creating a Financial Plan 4 – Tax Planning
Be sure to tip your servers, not the IRS. Tax Planning is less about saving taxes this year than saving taxes over your LIFETIME.
Creating a Financial Plan 3 – Insurance Planning
Insurance Planning protects our financial plan for the best value, letting us apply savings to other aspects of the plan.
Creating a Financial Plan 2 – Investment Planning
Investing funds our financial planning goals. Investing with a plan helps ensure we succeed. How do we create an investing plan, and not just a portfolio?
Creating a Financial Plan 1 – GO, Net, Flow
The first steps in creating financial plan are GO, Net, Flow: Get Organized, Determine Net Worth, and Control Cash Flow
In Creating a Financial Plan, Start Here.
Creating a Financial Plan 0: 5Cs
“Those who fail to plan, plan to fail.” ~Benjamin Franklin You need a financial plan. How do you Create a Financial Plan? First we need to cover WHO is creating the plan. Whether you are a DIYer intent on creating your own Financial Plan, or a Delegator looking to hire someone to create it, You/They…
The Trouble with Target Date Funds
“Be sure you positively identify your target before you pull the trigger.” ~Tom Flynn Insert Tex Target Date Funds are the default options for many investors in their 401(k)s. Not because they are great options, but because they cover the butts of 401(k) companies and employers. But they have their troubles. TDFs are Dumb. They…
Risk Tolerance is Stupid! Pt2
“Risk Comes from not knowing what you’re doing.” ~Warren Buffet Investing based on a Risk Tolerance Questionnaire is STUPID!!! Almost every investor needs to answer a Risk Tolerance Questionnaire before investing. These questionnaires determine the investor’s destiny. These questionnaires are dumb. We’ll look at two more problems with RTQs, and the solution. Tune In! This…
Risk Tolerance is Stupid! Pt1
“Successful investing is about managing risk, not avoiding it.” ~Benjamin Graham Investing based on a Risk Tolerance Questionnaire is STUPID!!! Almost every investor needs to answer a Risk Tolerance Questionnaire before investing. These questionnaires determine the investor’s destiny. And these questionnaires are dumb. We’ll look at some of the problems with RTQs, and next week…
Insurance you Do/n’t Need
“There are worse things in life than death. Have you ever spent an evening with an insurance salesman?” There are some insurances you need, and others you don’t. Insurances you DO need: Health Insurance Disability Income Insurance Term Life Insurance (if you have dependents, previously covered) Home & Auto Insurance Insurance you MAY need: Long-Term…
