In the world of financial planning, it's not just about numbers; it's also about understanding emotions and priorities. Join the conversation with Benjamin Haas and Adam Werner as they reveal the detective work behind effective financial planning through what they call whiteboarding. Get ready to think differently about your finances!
Ready to debunk the myth of completely avoiding taxes? Listen to our podcast as we explore the strategies, nuances, and misconceptions surrounding tax planning and if there's a silver bullet when it comes to paying taxes.
Should I rent or buy my fun? As always, maybe! Ben and Adam discuss the ways we go through figuring out if it’s better to buy our fun, like a second property, a vacation home or a boat, or just rent it. A few factors to consider include upfront costs, ongoing expenses, carrying costs, taxes, and flexibility. If this is something you’re considering, tune in to see how these could impact your decision about buying your fun.
We’re over halfway through the year so that means it’s time for a Midyear Investment Outlook! Join Ben and Adam as they reflect on the market during the first six months of this year and give their perspective on the investment outlook for the remainder of 2023. Tune in to gain valuable insight on the opportunities and risks for investors.
The Department of Education is calling this the “most ambitious and significant redesign of the federal student aid application in decades.” Ben and Adam discuss how these changes may impact your situation and where new planning opportunities should be explored.
On our 100th episode, we discuss planning situations and strategies that go into preparing to live to age 100. Longevity is the biggest risk in retirement and it amplifies other risks such as cost of living, healthcare, inflation, and medical expenses. As the more time goes by, the more things are likely to change if your life. It's important to review your estate plan and financial plan on a regular basis because the earlier you can plan for longevity, the better. Tune in to hear tips for preparing for a long and financially healthy retirement!
Life is constantly changing and it's important to review your financial plan and make any necessary adjustments so your finances are aligned with your goals and wishes. It's also important to fill in any gaps before they become bigger items that are harder to address down the road.
In this podcast, we talk about the dangers of benchmarking yourself against others. We provide tips for focusing on what you can control to avoid making potentially harmful decisions based on what you would think somebody else would want you to do.
What is the 4% withdrawal rule? It's the general idea that when you get to retirement, whatever the pool of money is that you have, you can theoretically safely withdrawal 4% of that balance every year until you pass without running out of money. There are many variables that go into that such as inflation, how long you will live, how much income you will need in retirement, investment returns, and your own definition of success. We believe that it's important to engage in financial planning to help review trade offs and your specific situation. To hear our updated thoughts on the 4% withdrawal rule and if it requires a major change in strategy, check out this podcast episode!
Most people are familiar with trusts through conversations or experiences with their parents or friends. But just because the circumstances may have made sense for them to establish a trust, it doesn't mean that it is right for your situation today. In this podcast episode, we discuss what a trust is and what it does. We discuss circumstances where it may apply and where it may not. And, we also clarify what type of accounts you should put in a trust.
Money is said to be one of the top causes of marital distress. We sometimes joke that meeting with your financial planner can often feel like a combination of math class and marriage counseling. A big part of advising is listening, understanding, and communicating. When couples don't agree, we try to help them focus on the points of agreement, which usually includes what matters most to both of them. Our goal is to influence the way they talk to their spouse about money through partnership and a shared vision. In this podcast, Adam and Ben talk through how we can be the middle man - so to speak - in this type of situation.
Our experiences in life will shape the way that we think and feel about money. It's statistically impossible to run into somebody who hasn't lost a loved one and hopefully that's not a really painful story to tell. That's one reason why we talk about the role of life insurance in planning so hopefully emotional travesties don't become a financial one. In this podcast episode, we talk about the importance of life insurance and planning.