*Originally posted on ruston.agentadvisors.com* Question: I have been working with a financial planner for a few years and I’m not satisfied. It isn’t so much about the investment part. That’s been OK. But I just don’t feel like he knows I am alive. Is it too much to expect to be able to find someone who will take care of me and my money? Answer: It is not too much to ask that a financial professional be a competent partner in assisting you achieve realistic financial goals.
Leap Systems *Originally posted on andefrazier.com* The first step to finding a great money team is to recognize that ultimately you are 100% responsible for your financial decisions. This includes making sure you are educated and knowledgeable about not only “the what” of your plan, but “the why” as well. When finding great people to give you advice, they should have not only technical expertise but also behavioral competencies. Here are some great tips to help guide you
Leap Systems As year end approaches, various holidays have most people running around preparing for guests, buying gifts and doubling-down on the craziness already controlling most people’s lives. But this is also a time of year when thankfulness begins to pervade our consciousness. We find ourselves reflecting upon the people, opportunities and blessings that surround us. Of course, most people’s first thoughts focus on family. Then, we also find concerns uniquely importa
Keith Chapman | 818 Group Building a business takes a lot of effort, time and money. With your attention typically focused on daily tasks and personnel, you may be unaware of critical financial planning issues that could impact your long-term success. Unforeseen events happen all the time, and if you haven’t properly planned for them, it can take a major toll on your business and your financial well-being. Did you know that due to otherwise avoidable events, nearly 70% of fa
Major life events can be happy, joyful, stressful, sad and many things in between. The one thing they have in common is that as each new event happens, it marks a new chapter in your life. Whether it’s a marriage, a birth, a death, a retirement, or a graduation - all of these events provide an opportunity to re-evaluate your current financial situation. The more you’re proactive in your addressing these important events, the better off your bank account and your peace of min
Leap Systems Have you ever felt like no matter how hard you try, you just can’t get ahead? “Financial rules” can seem to be set up so that they only benefit those who have made them. When planning for your financial future, it’s important that we understand these rules and how they can affect our success. Just like any game, you need to really understand the rules in order to win.
So, how can we become better equipped to play the game? If we are not careful when planning f
Let’s talk about Millennials. Everyone tries to tell Millennials what they should be doing with their money. Save! Save! Save! - that’s pretty much the bottom line of all the articles out there about how you should become financially successful. Budget, save for retirement, know what you’re spending your money on, think about investing, be sure to start paying those student loans and oh, did I mention budget? This so called “ beginner's guide to money” can quickly start to se
Leap Systems Getting your financial life in order can seem overwhelming. And when we do think we have it together, it’s because we’ve set up a lot of “automatic” things that we think are keeping our financial future intact. Just because you are opting into things like a 401k, life insurance through work, or even if you have a financial professional, it doesn’t mean it’s handled. It’s not just set it and forget it. One of the biggest problems you could face when heading toward
Leap Systems Everybody, everywhere sets goals. At work, at home, with money, with weight, with success, with projects - you name it, someone has a goal for it. But, is setting goals doing more harm than good?
Now, no one is going to say that setting goals is a bad idea, but maybe they’re not as motivating as you think they are. Evidence suggests that goal setting can be counterproductive, especially when goals aren’t matched up with specific action plans and behavior modif
Leap Systems We all look forward to retirement. However, without forethought our retirement years could fall short of being all that we desire. After all, do you want to have to give up certain things during this valued time in your life because you didn’t plan for it correctly? Here’s something you may not have realized – planning for retirement is much more than just focusing on income. There are many different decisions that have to be considered when thinking about thi
Leap Systems Millennials now represent 25% of the U.S. populace, making them our nation’s single largest demographic group. This is a statistic that the life insurance industry cannot ignore. With many millennials already fallen behind in financial planning, it’s time to take a look at how we can work together to bring about more awareness around life insurance. Let’s start small:
Education: In a 2015 study from Life Happens and LIMRA found that 60% of millennials prioritize
Leap Systems Is it possible to be over-insured? The answer - No! Every life insurance company’s underwriting department is designed to make sure the no one is over-insured. One of the ways this is done is by evaluating someone’s Human Life or Economic Life Value. In addition to the insurance industry, other professions use this concept to evaluate the value of someone’s life. Attorneys use it when litigating wrongful death lawsuits and the 911 Commission used this as a bas
Leap Systems Did you know that more than 80% of Americans overestimate the cost of life insurance? There is an enormous lack of understanding around the true cost of life insurance. Many people evaluate the cost of insurance in a vacuum rather than taking a look at the bigger picture. Delaying the purchase or not purchasing at all can have a greater impact on your wealth than you might think. Owning this valuable protection can have rippling effects on all aspects of your f