The Planner's Perspective: Life Planning > Financial Planning

Back in my college psychology class there was a lesson about Maslow’s hierarchy of needs – something I thought I’d never see again after that final exam. However, this lesson has proved incredibly important in understanding life planning, an integral part of the financial planning process. It teaches us that those who have accumulated financial resources may not be looking to evaluate the success of their financial plan simply by looking at a long-term rate of return, and instead, place a higher degree of importance on different intangible measures that directly impact their happiness and sense of self-worth.
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The Planner's Perspective: Communication is Key

Communication is key in any relationship, personal, professional or otherwise. Too often are the lines of communication broken down between family members, especially when it comes to hard or emotional topics such as money and death. We can spend hours discussing the merits of estate planning, but equally as important as having executed a solid estate plan is communicating that plan to those who will be most affected by it. This generally includes not just your spouse, but your children, siblings, parents or others who may have a defined role as beneficiary or fiduciary.
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The Planner's Perspective: Keeping Up With The Jones's

The ‘keeping up with the Jones’s’ mentality has never been more pervasive than it is today. Before the widespread use of social media, most people didn’t have an idea of what the rest of the world was doing aside from their neighbors, family and friends. With information about others so easily accessible as people continue to openly share details of their personal lives online, it necessitates frequent reality checks about spending, savings and living within your means. Remember, not all of us can live the Kardashian lifestyle.
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With Scope, Broad Can Be Good

It’s rare that someone wakes up in the morning and out of nowhere has a revelation that they need to enlist some professional help to get their financial household in order. Often, people seek out advisory firms after a triggering event such as, marriage, birth, death, retirement, business sale or even after getting whacked with an unexpected tax bill. Other times it is more of a slow burn, where they know they are in over their head (and probably have been for a while) but don’t know where to start.
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