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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Mom and Dad Get Away

Working in the business of giving advice also gives me an opportunity to solicit advice from those that are older and wiser than me. I have the good fortune of having close relationships with many clients and affiliates who have their own children and grandchildren. Recognizing the incredible resource that was right in front of my face, I was more than happy to tap into the vast knowledge that many were willing to share as I embarked on my journey into parenthood. 
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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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A New Home Away From Home

Over the past month or so we’ve given our office a significant face lift, which meant ‘living’ in a construction zone for a couple of weeks. Anyone that has undergone a home renovation knows that the best part about a construction project is seeing it completed, as the disruption it causes is no fun to say the least. At first things were not too bad as the wallpaper came down and the primer went onto the walls. Aside from some mild odor, it was business as usual. Then came the demolition stages.
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The Planner's Perspective: It's Not Always About Hitting A Home Run

The average investor has one simple goal – grow the value of the dollars they invest so they are worth more in the future than they are today. While the objective may be simple, the overwhelming amount of information available to individuals can be paralyzing. Furthermore, technology has enabled access to a multitude of investment products and services, many of which may be unsuitable or downright detrimental to the person purchasing them. It’s the main reason professionals have a job and reinforces the need for consistency between your investment plan and overall financial plan.
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Oh How Time Flies

The old saying goes, ‘time flies when you’re having fun.’ I recently realized that I must be having a ball because my 10-year college reunion came and went in the blink of an eye. It’s a strange phenomenon, but some days I feel like it was just yesterday that I was roaming the Bentley campus, armed with books, a laptop and likely a slight headache from the night before. Other days, it feels like a lifetime ago. The carefree college life was a period I was happy to have experienced but even happier to have left in the past.
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Deferred Gratification

This is a bizarre story that unfolded over a period of three years. Jill and I were traveling in Italy in the spring of 2016 and had a flight scheduled from Venice, Italy to Dubrovnik, Croatia. We arrived at the airport and boarded our plane with no issues. Normally, I opt to fly on major domestic or international airlines because when something does go wrong, they (generally) have the resources and experience to fix the problem without a ton of disruption.
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Getting Back On The Right Foot

I’m not one to enjoy hanging out in a hospital, much less be a patient in one. Fortunately, I’ve had the pleasure of largely avoiding hospital visits with the exception of my father’s various knee surgeries, Kyle’s birth and most recently Jill’s foot surgery. While the timing of Jill having surgery on her right foot was inopportune to say the least (as Kyle is now crawling at a very rapid pace, standing up and testing the waters in walking), it was nearly 15 months in the making and definitely much needed.
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Father's Day From A New Perspective

I’m now on the other side of the coin for the Father’s Day celebration, and selfishly I have to admit I like it. This year was an anomaly in our house as we had an out-of-state wedding the night before and Sunday was primarily a day to get home and get reacclimated before the week started. Admittedly, both Jill and I were exhausted after a late night at the wedding (congrats again to Jim and Meg who are now cruising around Rome on their honeymoon), so we did not have much of a formal plan for the day. That was more than fine with me. On a day like Father’s Day, it’s not necessarily about what you do, but more about what you don’t do.
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The Planner's Perspective: Nervous Investors Have Options, Too

With a recent spike in volatility at the end of 2018 and again in mid-2019, investors may be asking what alternatives are available to complement the securities in their portfolios. Concerns may range from political uncertainty, to valuations, to volatility or a trade war, and it’s not uncommon for there to be many moments in history when investors decide to hit the pause button. Any advisor with a long-term investment philosophy will tell you to tune out the noise and let your money work for you in the market.
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