Nerd's Eye View

APRIL 9, 2025

With this in mind, opening meetings with "vision" questions that activate the PEA state – rather than "numbers-based" questions that encourage clients to focus on their current situation – can help clients create an emotional bridge between financial goals and personal fulfillment.

Clients 200

Clients Financial Planning Risk Tolerance Planning 200

Nerd's Eye View

MAY 9, 2025

Also in industry news this week: Younger Americans are eager for financial advice (and appear willing to pay for it) according to a recent survey, creating a potential opportunity for advisors who have the wherewithal and capacity to meet their planning priorities (which can differ from older, retirement-focused clients) A study of advisors who are (..)

Financial Planner 245

Financial Planner Financial Advice Clients Retirement Planning 245

The Big Picture

MAY 1, 2025

This is more than overconfidence, the DKE is how poorly we are at metacognition assessing our own abilities at a specific task Look at the history of performance and the small number of professional investors who outperform their benchmarks over 1, 5, 10, and 20 years. What are some examples of bad numbers?

Retirement 189

Retirement Investing Investments Numbers 189

Wealth Management

JUNE 24, 2024

Estate planning is very important to clients but can be complicated and time consuming for people.

Estate Planning 244

Estate Planning Numbers Planning Retirement 244

Nerd's Eye View

DECEMBER 27, 2024

Also in industry news this week: According to a recent survey, advisors are putting an increasing share of client assets into model portfolios, allowing for customization and time savings that advisors appear to be using to provide more comprehensive planning services RIA M&A deal volume saw an annual record in 2024 as a lower cost of capital, (..)

Financial Planner 246

Financial Planner Insurance Coverage Insurance Valuation 246

The Chicago Financial Planner

NOVEMBER 27, 2022

One of the best tax deductions for a small business owner is funding a retirement plan. Beyond any tax deduction you are saving for your own retirement. You deserve a comfortable retirement. If you don’t plan for your own retirement who will? Two popular small business retirement plans are the SEP-IRA and Solo 401(k).

Retirement Planning 263

Retirement Planning Retirement Planning Financial Planner 263

Nerd's Eye View

MARCH 28, 2025

Also in industry news this week: A recent survey indicates that younger "DIY" investors are more likely to be interested in working with a human advisor than their older counterparts, suggesting an opportunity for advisors to tap into this demographic (perhaps by setting minimum planning fees that ensure these clients can be served profitably today (..)

Financial Planner 228

Financial Planner Retirement Retirement Planning Clients 228

Advisor Perspectives

SEPTEMBER 17, 2024

Christine Benz is Morningstar’s director of personal finance and retirement planning, but she’s written a book that evokes Viktor Frankl as much as Bill Sharpe, aiming to go well beyond the mathematics of saving for, and living in, retirement.

Retirement 116

Retirement Numbers Retirement Planning Planning 116

Nerd's Eye View

MAY 2, 2025

a ski chalet), assessing whether it will lead to greater overall wellbeing, or, alternatively, more stress, is more challenging Enjoy the 'light' reading! a ski chalet), assessing whether it will lead to greater overall wellbeing, or, alternatively, more stress, is more challenging Enjoy the 'light' reading!

Financial Planner 182

Financial Planner CFP Financial Advisor Retirement 182

Nerd's Eye View

OCTOBER 29, 2024

And be certain to listen to the end, where Travis reflects on how a high quantity of clients and his own personal journey through FIRE (Financial Independence Retire Early) both give him the leverage to only work with people he truly enjoys, how Travis' journey into niching, even into a fairly broad subject, amplified the number of people who showed (..)

Consulting 243

Consulting Clients Financial Planning Compensation Planning 243

Abnormal Returns

MARCH 10, 2025

wealthmanagement.com) The number of cash balance plans are on the rise. flowfp.com) Stop using this phrase in retirement planning. thinkadvisor.com) Why clients may feel like they can't have enough assets in retirement. (bloomberg.com) Advisers Finluencers have very different incentives than advisers. abnormalreturns.com)

Estate Planning 157

Estate Planning Retirement Planning CFP Portfolio Management 157

Nerd's Eye View

JANUARY 31, 2025

Also in industry news this week: While RIA M&A deal flow hit record levels in 2024 (both in terms of volume and the speed of completing them), firm valuations saw relatively modest gains In its latest annual regulatory oversight report, FINRA joined the SEC in flagging the potential risks to firm and client data from the use of third-party vendors (..)

Financial Planner 245

Financial Planner Retirement Planning Compliance Taxes 245

Nerd's Eye View

JANUARY 4, 2023

And when it comes to retirement planning, one popular technique is the use of ‘guardrails’, which set an initial monthly withdrawal rate that can be later adjusted as the size of the client’s portfolio changes. Financial advisors have a wide range of strategies at their disposal to create financial plans for their clients.

Retirement 246

Retirement Distribution Retirement Planning Asset Allocation 246

Nerd's Eye View

NOVEMBER 15, 2024

Also in industry news this week: NASAA has proposed an amendment to its broker-dealer conduct model rule that would restrict the use of the terms “advisor” and “adviser” for broker-dealers and their registered representatives who are not also investment advisers or investment adviser representatives A recent study suggests that (..)

Financial Planner 246

Financial Planner Asset Allocation Taxes Tax Planning 246

Wealth Management

AUGUST 27, 2024

Open, honest and candid discussion about DOL Jobs growth numbers, phased retirement and more.

Retirement 276

Retirement Numbers 276

The Big Picture

MARCH 24, 2025

As Paul Krugman recently wrote on his excellent Substack , using a chart identical to the one immediately above (Paul used FRED ): “People may imagine that government is a bigger part of the economy than it is because of all the money we spend supporting retired Americans, covering their health bills, and so on [Chart 1].

Government 310

Government Investing Investments Economy 310

Abnormal Returns

MAY 20, 2024

(standarddeviationspod.com) Dan Haylett talks with Derek Hagen who is the founder of Money Health Solutions about creating a meaningful retirement. citywire.com) Retirement Is underspending a fiduciary problem? advisorperspectives.com) More clients are focusing on health in retirement. kitces.com) Money pervades everything.

Financial Planner 273

Financial Planner Wealth Management Retirement Clients 273

Abnormal Returns

SEPTEMBER 16, 2024

standarddeviationspod.com) Retirement Retirees go back to work for any number of reasons. investmentnews.com) A checklist if a client gets laid off near retirement age. thinkadvisor.com) Investing William Bernstein on the challenges for investors nearing retirement.

Wealth Management 273

Wealth Management Startup CFP Retirement 273

Abnormal Returns

JANUARY 20, 2025

wsj.com) Vanguard is having to pony up for target date retirement fund debacle. citywire.com) Putting some numbers on the coming wave of adviser retirement. kitces.com) The number of CFPs topped 103,000. (riabiz.com) Fidelity gets called out for strong-arming an adviser to generate more fees. thinkadvisor.com)

Communication 144

Communication Wealth Management Financial Advising Retirement 144

Nerd's Eye View

APRIL 18, 2025

Which could create opportunities for firms to seek opportunities to move 'upmarket' by trying to add new HNW clients who might not have an advice relationship (or whose current advisor doesn't provide sufficiently comprehensive service).

Financial Planner 195

Financial Planner Risk Tolerance Estate Planning Clients 195

Abnormal Returns

FEBRUARY 21, 2024

youtube.com) Retirement Why planning in retirement is so challenging. Rowe Price about non-financial considerations in retirement. morningstar.com) People work in retirement for any number of reasons. humansvsretirement.com) 3% rates make holding a mortgage in retirement easier.

Retirement 270

Retirement Retirement Planning Portfolio Management Financial Advisor 270

Nerd's Eye View

DECEMBER 13, 2024

Also in industry news this week: While the SEC has had the power to restrict mandatory arbitration clauses in RIA client agreements for more than a decade, an advisory committee meeting this week suggests support for such a measure isn't unanimous CFP Board saw a record number of exam-takers during 2024, reflecting recognition of the professional and (..)

Financial Planner 246

Financial Planner CFP Retirement Certification 246

Nerd's Eye View

MARCH 14, 2025

Also in industry news this week: A recent survey finds that while advisors are increasingly using passive investment vehicles, many are taking the time to look beneath the hood to examine the makeup of different indexes in order to choose the best option for their clients A survey of advisors working at enterprise firms shows a significant increase (..)

Financial Planner 162

Financial Planner Compliance Commission Retirement 162

Abnormal Returns

NOVEMBER 18, 2024

advisorperspectives.com) 7 areas where advisers may be falling short with retired clients. wealthmanagement.com) Asset location isn't job number one, but it is a job. thinkadvisor.com) The vast majority of advisory firms don't have policies covering the use of AI.

Wealth Management 144

Wealth Management Wealth Advisor Tax Planning Taxes 144

Carson Wealth

OCTOBER 24, 2024

Retiring abroad can be a dream come true for many Americans, offering the opportunity to explore new cultures, enjoy different climates, and potentially stretch retirement savings. Taxes One of the biggest financial considerations for Americans retiring abroad is understanding how taxes will work. tax return every year.

Retirement 143

Retirement Healthcare Taxes Medical 143

Abnormal Returns

APRIL 10, 2024

(morningstar.com) Dan Haylett talks with Eric Brotman, who is the founder and CEO of BFG Financial Advisors, about retirement as 'graduation.' wsj.com) Retirement Some reasons to go back to work after retiring. etf.com) We spend money for any number of reasons including 'To honor earlier generations.'

Estate Planning 259

Estate Planning Retirement Planning Retirement Taxes 259

Abnormal Returns

JANUARY 11, 2023

Podcasts Christine Benz and Jeff Ptak talk with Mark Miller, author of "Retirement Reboot: Commonsense Financial Strategies for Getting Back on Track." (the-long-view.simplecast.com) the-long-view.simplecast.com) A discussion about when it is time to adjust your retirement plans.

Planning 245

Planning Retirement Planning Retirement Retail 245

Million Dollar Round Table (MDRT)

DECEMBER 10, 2024

First, I would ask clients how much they were saving each year for retirement. They knew what they were putting directly into their retirement accounts, but I wanted to know how much of their income they were saving for the future. And not quite that much was usually a much lower number than they originally told me.

Clients 105

Clients Financial Planning CFP Retirement 105

Nerd's Eye View

JULY 26, 2024

The study also identified attributes of "top performing" firms across a range of metrics, finding that they are more likely than other firms to have a clear ideal client persona, client value proposition, and marketing plan.

Financial Planner 246

Financial Planner Retirement Communication Financial Advisor 246

The Chicago Financial Planner

FEBRUARY 8, 2023

Is my Social Security subject to taxes once I reach my full retirement age? Your full retirement age (FRA) is a key number for many aspects of Social Security. Related to this, if you are working into retirement your wages or self-employment income are subject to FICA and Medicare taxes regardless of your age.

Taxes 291

Taxes Retirement Financial Planner Financial Advisor 291

Nerd's Eye View

SEPTEMBER 16, 2022

From there, we have several articles on retirement planning: A survey indicates that while pre-retirees largely understand the benefits of delaying Social Security benefits, only 11% plan to wait until age 70 to claim them, suggesting that advisors can play an important role in influencing clients’ retirement income decision making.

Financial Planner 246

Financial Planner Retirement Retirement Planning Numbers 246

Abnormal Returns

OCTOBER 18, 2023

open.spotify.com) Retirement Nine things to consider in retirement. humbledollar.com) Tony Isola, "Withdrawal rates are more than numbers on a spreadsheet." tonyisola.com) Retirement is, in part, about saying no to obligations you don't like. marketwatch.com) The retirement savings system is still way too complex.

Insurance 261

Insurance Math Retirement Taxes 261

Nerd's Eye View

NOVEMBER 3, 2023

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the Department of Labor this week released its long-awaited "retirement security rule", its latest effort to curb conflicts of interest around retirement savings recommendations.

Financial Planner 246

Financial Planner Retirement Planning Retirement Insurance 246

Abnormal Returns

JULY 15, 2024

riabiz.com) The biz Farther has recruited a number of advisers from Goldman Sachs' ($GS) United Capital unit. wealthmanagement.com) Five ways to improve retirement security including 'Make 401(k)s more like pensions.' nytimes.com) How can we know it's time to retire? downtownjoshbrown.com) Build a following, not a prospect list.

Recruitment 251

Recruitment Financial Advising Retirement Insurance 251

Nerd's Eye View

JULY 14, 2023

Also in industry news this week: The SEC this week finalized a series of rules designed to discourage future runs on money-market funds, potentially reducing their liquidity risk A recent study suggests that advisor marketing messages that address prospective clients' emotional concerns, in addition to their technical questions, could be particularly (..)

Financial Planner 246

Financial Planner Compliance Media Retirement 246

Nerd's Eye View

JANUARY 19, 2024

Nevertheless, there is potential for many individual RIAs to expand their staffing further, with the addition of specialized planning and operations roles being seen as a potential avenue to boost firm growth.

Financial Planner 246

Financial Planner Fiduciary Duty Retirement Retirement Planning 246

Abnormal Returns

DECEMBER 13, 2023

modernfarmer.com) Retirement Everywhere you look, retirement issues are bubbling up. humbledollar.com) Safe retirement withdrawal rates are estimates. humbledollar.com) Some books Morningstar types recommend including "Number Go Up" by Zeke Faux. (fastcompany.com) There can be a cost to living in an urban area.

Retirement 257

Retirement Taxes Numbers 257