As you might have seen, over the past few weeks, we’ve been in the recruiting process to add a wealth planner assistant to our team. This hybrid role includes reception, office management, and data entry. Essentially, someone who can help run the office and support the team while we focus on client-facing and service work. Two years ago, we hired …
Social Security Fairness Act
Last week, congress passed and the president signed the “Social Security Fairness Act,” which was aimed at filling a gap between those who had paid into Social Security during their working years but were then disqualified from receiving Social Security benefits because they spent the majority of their career paying into Social Security alternative programs such as PERA or other …
One Step Back, Two Steps Forward
This blog has been guest-written by our Associate Financial Planner, Daniel Stefanski, sharing his experience in a financial planning career thus far and what brought him to Longmont and MY Wealth Planners. Balancing Analytics & Empathy I became interested in personal finance for a multitude of reasons. First, it is such a beautiful blend of both quantitative and qualitative skills. …
A White Glove Experience
Famously, if you stay at the Ritz Carlton, you get $2,000 in experiential insurance. Now mind you, this isn’t one of those upsells you see when you book a plane flight, trying to scare you into insuring “your very expensive and potentially ruined $249 flight to Boise,” but a well-known brand guarantee offered by the company. If you have an …
How’s the economy?
Let me ask you a question: How’s the economy? Interestingly enough, your answer might depend on who you voted for. It turns out we’re somewhat predictable animals in a number of ways. In our last blog post, we gave a politically neutral evaluation of the prior Trump administration’s economic policy and forecast what we might anticipate in the coming administration. …
Trump Economic Policy
Some of you reading this will be elated at the election results yesterday, and others will be devastated. With election day passed, today we’re commenting on the probable economic policies of a Trump administration. Before we do so, we will simply note that the best thing anyone can do today and going forward is to be kind to each other, …
Risk is what happens
“Risk is what’s left when you think you’ve thought of everything.” -Carl Richards, The Behavior Gap These words from Carl Richards hang over the world of finance in a curious way. Risk is traditionally defined in the financial industry as variation from the average result, e.g. “standard deviation” or the variation from the results you were expecting. Thus, when someone …
Money is Permission
A few weeks ago, an anonymous Redditor posted the following story on the “Millennials” Reddit: “My wife and I have spent almost two decades of leveling up in jobs and careers and are now in our late 30s with two small children in a HCOL state. We scraped and suffered to buy a small ranch house and two used larger …
Cash Management
As the Fed has finally lowered rates and signals that it anticipates up to another half of a percent decline by the end of the year, both accumulators and retirees are faced with the question of what to do in a declining rate environment. For many clients, a relatively straightforward strategy for cash management for the past two years has …
Best Financial Planners, Technology Updates, and Q4 Planning
Apologies for a shorter blog than usual, but it’s been a busy few weeks! Best Financial Planners For those who were wondering, “What happened to the blog last week?” The answer is as amusing as it is mundane. While normally the blog gets written and published on Tuesdays, last week a good chunk of time was absorbed by flying to …