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10 Biggest Ideas in “How NOT to Invest”

The Big Picture

Economic Innumeracy : Some individuals experience math anxiety, but it only takes a bit of insight to navigate the many ways numbers can mislead us. We evolved in an arithmetic world, so we are unprepared for the exponential math of finance. Create a financial plan (then stick to it). Bad Numbers : 4. Good Advice : 10.

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Why Gen 2 Advisors Are a Flight Risk

Wealth Management

In 2023, he launched his own firm, Park Hill Financial Planning and Investment Management. “I There was no succession plan coming.” Brown did the math and decided he needed about 20 clients to break even. It would be a long earn-out—maybe 10, 12 or 15 years, and the owner didn’t want to be there for that long."

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15 Recession-Proof Businesses That Thrive in Any Economy

Clever Girl Finance

Financial planning services 12. If you’re good with math, then turning to financial planning or accounting or opening up a similar company could be one of the best recession proof businesses to start! Thats why financial planning services are among the top recession-proof businesses to consider.

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Transcript: Lisa Shalett, CIO Morgan Stanley

The Big Picture

Can we give every single one of your employees a free financial plan? 00:21:28 [Speaker Changed] Yeah, so, so Barry, for us asset allocation, all asset allocation starts with financial planning and all financial planning starts with the client. 00:18:46 [Speaker Changed] Huh. That is the linchpin.

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Planning for Retirement Means Planning for Healthcare Too

WiserAdvisor

If early retirement is in your future, insurance planning has to be part of the equation from day one. Financial planning for healthcare costs is all about setting proactive strategies in motion. That’s money that could otherwise go toward travel, savings, or long-term care planning.

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Transcript: Karin Risi, Vanguard’s Chief of Strategy & Product

The Big Picture

00:16:36 [Speaker Changed] Yeah, I’m, I’m not gonna check your math on that, but I’ll, I’ll buy Eric saying your, your estimate there on what we’ve saved investors over time. I think we could ballpark it closer to $2 trillion. And I think the focus on cost has been relentless.

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Start Planning Your Retirement Early to Save Enough and Plan Better

WiserAdvisor

Unless you’ve planned a dedicated healthcare bridge (or have access to employer-sponsored retiree coverage), this cost can derail even the most detailed budget. Outliving your savings Here’s the math: the earlier you retire, the longer your savings have to last. Retiring at 55?