If you’ve read my blogs at length, you’ll know I’m fond of a particular story about United States Marine Colonel “Chesty” Puller. The story goes that he was in command of a unit at the Chosin Reservoir during the Korean War, and upon receiving news that his unit was completely surrounded by the Communists, he declared: “Good, they can’t possibly …
A few months ago, at the outset of the transition to the new office in the Prospect Neighborhood, we mentioned the phases of MY Wealth Planners’ development. As we closed up the end of the second phase and looked to the third phase, we stated that we would begin to confirm MY Wealth Planners’ value proposition for its clients and …
Well folks, I’m back from my wedding and honeymoon, and of course, as anyone who has spent any time traveling overseas does, I must now inform you of my impending transition from financial planner to travel blogger. I’m kidding, of course, but I did think it would be helpful for folks to know a few financial tips and tricks related …
When I started my financial planning practice, I was told by the regional director for Waddell & Reed that the 4-year survival rate on a financial planning practice was about 13%. Somehow, the math and probability of that number didn’t stick, and I went ahead and launched the practice. Today, I have a practice and live a lifestyle that I …
Hello everyone! This particular post is to read everyone in on timelines, expectations, and upcoming events over the next month or so. If you’re a client, please be sure to read through it in full! Schwabitrade Merger TD Ameritrade completes its merger with Charles Schwab over Labor Day weekend. We’ve already written about action items (or lack thereof) for you …
Dear Mr. Field, Today, I write this open letter to you because I had the mixed fortune of watching you speak before 200 or so NexGen financial planners. I call it mixed fortune because I thought you spoke well for the most part. Your story of the pizza parlor and its pay-it-forward policy was heartwarming. Your personal journey of having …
Recently, a financial planning colleague asked on his Twitter page: DIYers – What average investment return (profit) do you assign to your retirement plan? What’s your reasoning? — Tyler Olson (@olsonplanner) August 20, 2023 One of the first replies was from an Anesthesiologist: “5%. Expect 7% and account for 2% inflation with projection for “today’s dollars.” While that seems like …
Well, folks, the time has come. After Charles Schwab began the acquisition of TD Ameritrade in 2019, it is finally consummating the acquisition over Labor Day weekend. The transition starts Friday night, September 1st, and is expected to be done by 5 am on Tuesday the 5th of September. If you’re not an investment management client of MY Wealth Planners, …
Hello everyone! We are excited to share the opening of our new office in the prospect neighborhood. We’re looking forward to meeting with you in our new space, and cannot wait to share the next step of the adventure with you! Today is also the first day of work for our new Wealth Planner Assistant, Emily Green. Emily has several …
About a year or so into being a financial planner, I was given an opportunity to speak to the Women’s Community within the Boulder Chamber of Commerce. I had a fifteen-minute block, alongside an investment adviser from Boulder and a disability insurance saleswoman, who had their own fifteen-minute blocks. The investment adviser gave some good, if perhaps a bit off-base …