More than a Money Manager.

What should I expect working with a financial coach

Posted by Jeff Goodnow on February 22, 2019

Working with a financial coach is only going to produce results as good as the information given. Honesty about your current financial situation is the first expectation of your relationship.

A reality of working with a financial coach is that we need to know the truth about your specific situation in order for you to realize the maximum benefits from financial coaching.

Have you ever heard of the saying "garbage in, garbage out"? If the relationship doesn’t start out with honesty about your financial situation, you will most likely not achieve the results you want or need.

Would you believe that 60%-80% of patients lie to their doctors even though we know doing so will hurt us. What is it that prompts us to knowingly hurt ourselves by lying? For many of us it is to avoid embarrassment and our fear of being judged. For others, it is not being willing to admit we don’t understand the doctor’s instructions or terminology.

These findings are not just limited to physicians. They also apply to financial professional relationships like financial coaches, planners, investment advisors, accountants, and tax attorneys. The quality of care and value clients receive from any financial coach is directly proportional to the quality and accuracy of the information they provide.

Once we are honest with each other, we can begin to discuss other expectations regarding your personal financial goals and wellness.

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Topics: Financial Planning

The Pros and Cons of Investing in Index Funds

Posted by Manish Khatta on February 8, 2019

If you’ve been around the financial markets for any length of time, I’m sure you’ve heard the term “index fund.”

Index funds are everywhere in modern portfolios, and while many investors have been told they should invest in them, not many understand why they may or may not be a good fit for their personal situation.

Currently, index funds are seeing even more increased visibility due to the death of Jack Bogle, the founder and chief executive officer of the Vanguard Group.

Bogle was known throughout financial services as the founder of the index fund, and he was one of the most influential men the investing world has ever seen.

Let’s examine Bogle’s creation so you can better understand the place of an index fund in a portfolio and how to determine whether they may or may not support your financial goals.

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Topics: Investment Management

How to increase your net worth in 12 months

Posted by Jeff Goodnow on January 7, 2019

How do you increase your net worth in the next 12 months? This is a straight forward question. Yet, it is one that many people can’t or don’t want to answer. The truth is, it is not their fault.

There’s a lot of pieces to this puzzle, so let’s be clear about what we are going to discuss:

  • Assets and Liabilities (components of Net Worth)
  • How to calculate your net worth
  • Why your net worth is important
  • The five things that hurt your net worth, and
  • The five things that help your net worth

As we begin to learn about net worth, let’s address some common mistakes that distract people from growing real wealth and achieving financial freedom.

Unfortunately, most people see “things” and assume they equate to wealth. Merriam-Webster defines “wealth”, as an abundance of valuable possessions or money.

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Topics: Financial Planning

What Teachers Should Know About Retirement Planning

Posted by Manish Khatta on December 19, 2018

It goes without saying that teachers play one of the most critical roles in American society as the primary individuals responsible, other than a young person’s parents, for helping to create the next generation of leaders and workers.

But that weighty responsibility rarely matches up with the highest salary. As a result, retirement planning requires additional foresight, planning, and better lifelong financial habits for teachers than for their white-collar counterparts working the 9 to 5 in a downtown corner office.

And on top of that, teachers often have more intricate possibilities for retirement because they can invest in pension accounts. The question for teachers becomes not only how much can I or should I invest, but also which mix of accounts will create the best opportunity for a satisfying retirement?

Let’s take a hard look at what teachers need to know about retirement planning. If you’re a teacher, you know that your financial security can be completely different than the teacher across the hall from you.

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Topics: 403b Resources

Ultimately we like to say that we are "More than a Money Manager. This is a small business run by people not robots. We talk, we plan, we execute together, as partners working to achieve the same goal."

Here are some topics you'll read about in our blog:

  • Our risk management techniques that make investing a smoother ride.
  • An inside view of our industry including the ugly nobody wants to talk about.
  • Our company culture and the people behind the process and much more...

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