Financial planning is all about navigating personal change in a manner consistent with core personal values. In financial planning, wherever you start, you end up at this core idea, over and over again. My summer reading this year is focused on this idea. Let’s have some fun with it.
Wealthinking by Paula Hogan
In fencing a duel, when the bout director commands "En Garde!" the opponents ready themselves to attack, defend, or otherwise survive.
Sometimes when you look at the big picture, you just have to laugh. See if you can guess the answer to these seven ridiculous riddles:
When your 2014 tax return is complete, is your next step to heave a sigh of relief and drop it into the file for posterity? Or do you take a few minutes to actually look at the return? What would you find if you did take a look? There must be more than just getting the tax forms completed and signed each year, all the while feeling that the whole process is beyond your control, abusively complicated, and stunningly expensive.
The Society of Actuaries Committee on Post Retirement Needs and Risks has just published another paper about retirement policy in America. This interdisciplinary volunteer committee has created a stream of substantive data and insights about retirement planning that helps policy-makers, regulators, and consumers. Retirement planning in our country is challenging and not at the moment optimally addressed. I’m proud to be a volunteer on this committee and grateful for all that I have learned from fellow committee members.
You might be surprised to see the agenda for the 2015 AICPA Advanced Planning Conference in Las Vegas, which I attended last week with Clint Wondra CFP® CPA, another advisor from our office. This year, the content of the conference included a focus on the softer and more nuanced parts of retirement planning in addition to the more technical offerings traditionally offered by the AICPA, the world’s largest membership organization representing accountants.
In the first two posts on Savvy Cash Flow Management, we focused on monthly discretionary cash flow as a primary metric for financial freedom and then considered best practices for the use of that financial freedom. In this third of three posts, let’s look at some specific nuts-and-bolts suggestions for Savvy Cash Flow Management.
In the first of this three-part series on savvy cash flow management, we identified monthly discretionary cash flow as the primary metric for financial freedom. The subject of this post is what do you do with that freedom? In other words, what makes someone happy in their day to day financial life? That question is at the heart of personal financial planning and so an obvious focus for savvy cash flow management.
One of the most interesting parts of financial planning is cash flow management. It’s where personal values are the most visible and where the most important planning decisions are made. This is the first of three posts which together might be titled: What Your Mother Never Told You about Cash Flow Management But Would Be Really Helpful for You To Know.
Two new financial firms reflect the convulsive, technology induced-change going on right now in the brokerage industry. They also raise some interesting financial planning considerations. Let’s take a look.