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Many clients have lost loved ones over the years – parents, partners, kids, and siblings. We can’t understand the devastating life-altering effects on those who are left until it happens to us. What do you do with an open wound that you know will never close? Thank you Diana and WealthManagement.com for the opportunity to …
Thank you to our nearly 2000 subscribers who seem to be engaging more, both on social media and by simply emailing us. I appreciate your feedback and your questions… keep ‘em coming. This question came from a subscriber in California. This is largely an area of opinion. Lots of things I write about have been …
Happy to reconnect with an old acquaintance and go deeper personally. I was introduced to the Million Mask Movement when Ashanti came to our kids’ middle school to give a presentation about the masks that boys wear on the playground. It resonated and I was super excited to be invited to his podcast, Taking Off …
The last 2 weeks, I’ve been talking about “account minimums” in the financial services industry. 8/8/22 – Minimums Are Necessary, But I Don’t Like Them 8/15/22 – No Account Minimum (Part 1): Education for Do-It-Yourself (DIY) Financial Planning These issues of “account minimums” and who has access to advice have been on my mind for …
Last week I talked about account minimums in financial services. My stated concern was that 80-85% of the US population doesn’t have enough assets to qualify for most advisors’ $500,000 minimum. They either do it themselves or work with commissioned sales people. They don’t have access to independent, objective advice from a qualified fiduciary to …
When Dave died, one of the most beautiful parts of my life and a huge part of my future died with him. We had plans that we will never be able to fulfill and this changed my life forever. I will be talking about some of our plans on the Mindful Money Podcast in the …
Today marks the first anniversary of my brother’s death. Dave died on June 17th, 2021 – the day before his 46th birthday. He lived with his family in San Ramon and in the 5 years before his death culminating with the pandemic lock-downs, my “inner circle” had largely collapsed to him and one other guy. …
This is a really important distinction to know about. Whether you notice the storytelling or not… it is happening all the time. The more you notice it, the less you suffer. An Acute Personal Example For those of you who are relatively new to this blog or newsletter, my brother died last year – the …
Last week we introduced two different definitions of risk. Loss of principal Uncertainty about lifetime consumption This week I want to place those definitions into the context of a lifetime financial plan to help with the understanding that, while investment bankers and analysts define the risk of a particular investment in terms of the loss …
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