Financial Life Planning column by Mitch Anthony and Steve Sanduski, CFP®, published in Journal of Financial Planning. Our profession has made several transformations over the past few decades. Prior to 1980, most financial advisers were brokers who sold stocks and bonds on commission. During the 1980s and 1990s, stocks gave way to mutual funds [...]
Originally posted at Next Avenue, by Mitch Anthony. It’s a way to create a retirement income plan designed to simultaneously settle both emotional and financial ledgers and develop an income stream that lasts as long as you do, outpacing the inflation that threatens to rot your nest egg slowly but surely. In order to bring your life into [...]
"Financial Life Planning" column by Mitch Anthony at Financial Advisor magazine. I just finished an interesting call with an astute financial planner—Bryan Sarff, president of True Private Wealth Management in the Kansas City area—who was lamenting the shortcomings of goal-based approaches to financial planning. Bryan said to me: “When we deal with clients on a [...]
"Financial Life Planning" column by Mitch Anthony at Financial Advisor magazine. “As he looked up, Jesus saw the rich putting their gifts into the temple treasury. He also saw a poor widow put in two very small copper coins. “I tell you the truth,” he said, “this poor widow has put in more than all [...]
Originally posted at seekingalpha.com , by Mitch Anthony. Summary Conversations about retirement need to be much more than a discussion about how much money we need to have invested; it needs to connect means and meaning. Most of us don't want to retire; instead we want more control over our own destinies including how we spend [...]
"Financial Life Planning" column by Mitch Anthony at Financial Advisor magazine. My friend George worked for a Fortune 500 company for 30 years and “retired” in his early 50s. A year off and out was enough to recharge him, so he decided to start a new nonprofit to deal with racial tensions in our city. A [...]
"Financial Life Planning" column by Mitch Anthony at Financial Advisor magazine. One of my favorite hobbies and interests is shooting baskets. I regularly tutor young high school players on free throw and three-point form, so I need to stay in good form myself. Through the years of going to the gym, I’ve often see Nash (who [...]
"Financial Life Planning" column by Mitch Anthony at Financial Advisor magazine. For years I have felt that we need to assign a new label to the age in which we live—known as the “Information Age.” I strongly suspect that the Information Age ended when “Google” became a verb. We now have far too much information [...]
Column by Mitch Anthony published in Mind Body Spirit Living. We often become so immersed in the pace of our daily lives, that we don’t take the time to pause and reflect on what will fill our days with passion and purpose when we transition out of the world of “work.” Have you considered what will [...]
"Financial Life Planning" column by Mitch Anthony at Financial Advisor magazine. In my last column, I posited three questions pertaining to a meaningful life, and I’m pleased to hear that these questions resonated with so many in our industry. Apparently I am not alone in my view that many have transmuted from optimizing savings to obsessive [...]
"Financial Life Planning" column by Mitch Anthony at Financial Advisor magazine. I live in Rochester, Minnesota––a town best known as the home of the internationally recognized and renowned Mayo Clinic. Recently, I was invited to speak to a group of physicians at the clinic on the topic of retirement; as a parting gift, they presented [...]
"Financial Life Planning" column by Mitch Anthony at Financial Advisor magazine. Lots of advisors are nearing 60 years of age. Some of them might feel burned out, that they are working too many hours, and turn to thoughts of early retirement. But when they do, they observe older colleagues who have taken this path and [...]
"Financial Life Planning" column by Mitch Anthony at Financial Advisor magazine. When will you retire? Do you buy into traditional retirement? Does it really matter to your clients if you do or don’t? Let me put it to you another way: Would you consult with a personal trainer who lacked conviction on the issues of diet [...]
"Financial Life Planning" column by Mitch Anthony at Financial Advisor magazine. In my previous article, I introduced the idea that far too many people expect money to do for them what it cannot do. Money promises to do an awful lot, but the result doesn’t always pan out as expected or hoped. The short list of [...]
Financial Life Planning column by Mitch Anthony originally posted at Kitces.com. EXECUTIVE SUMMARY As the pressures of commoditization on investment advice continue to increase, more and more advisors adopting financial planning and wealth management services for their clients. Yet compared to the world of investing – where an advisor’s value proposition can be clearly articulated and [...]
"Financial Life Planning" column by Mitch Anthony at Financial Advisor magazine. There’s a quote often attributed to John F. Kennedy on aging: “It is not enough for a great nation merely to have added new years to life—our objective must also be to add new life to those years.” The first White House Conference on Aging [...]
"Financial Life Planning" column by Mitch Anthony at Financial Advisor magazine. This past fall, I was able to attend the Encore gathering (organized by Encore.org) in Tempe, Ariz. This gathering of individuals from various realms (academia, nonprofit, etc.) were rallying around the idea that those beyond 60 years of age still have something significant to contribute [...]
"Financial Life Planning" column by Mitch Anthony at Financial Advisor magazine. “Economy does not lie in sparing money, but in spending it wisely.” –Thomas Huxley Last year, I heard something hilarious during a training session for advisors. During a dialogue, we began discussing people’s saving habits. One advisor recalled a client who would call to liquidate [...]
Financial Life Planning column by Mitch Anthony at Journal of Financial Planning. Imagine overhearing a conversation between a parent and middle school age child, where the parent explained his or her scholastic expectations as: “Son, the average boy in seventh grade in America had a GPA of 2.85, and you had a GPA of 2.75. [...]
"Financial Life Planning" column by Mitch Anthony at Financial Advisor magazine. I meet so many people who feel as if they are on the never‐ending treadmill of trying to “get ahead.” My response is: “Ahead of what?” Ahead of debt accumulated for things they don’t have time to enjoy or for houses that are too expansive? Ahead [...]