Wealth Planning is For Everyone

Paul FennerPersonal Finance

wealth planning

Have you ever felt like wealth planning is something only “other people” should do? The best wealth management plan has nothing to do with “outside forces” beyond your control, but rather everything to do with what’s most important to you.  Instead of feeling overwhelmed by the supposed complexity surrounding financial decisions, a straightforward wealth management plan can bring clarity and … Read More

Estate Planning; Details That You Need to Know to Protect Your Family & Assets

Paul FennerEstate Planning

Estate Planning

Estate planning is one of the most critical aspects of the wealth planning process.  It is often an overlooked and disliked topic to face because it involves death and many subsequent emotional decisions.  However, when it comes to protecting your family and having your story told, estate planning is essential. Estate planning is; The process of accumulation, management, conservation, and … Read More

The Stock Market is Not the Economy

Paul FennerBusiness & Economics

John Rekenthaler, who is Vice President of Research for Morningstar, wrote a piece recently, The Stock Market Is Not the Economy.  In his article, Rekenthaler noted that stock prices are only tenuously connected to general economic conditions. Rekenthaler went on to say, “For one, stocks anticipate future developments rather than dwell on current affairs. For another, neither employment statistics nor … Read More

Eight Tactics That Can Help You to Prepare for a Recession

Paul FennerPersonal Finance

At one point during my corporate career, I was unexpectedly transitioned out of my current role.  At the time, my four kids were five or younger, and I had no idea what I would do.  At that point in my life, I, unfortunately, allowed my career to define a large part of who I was. The economy doesn’t have to … Read More

Understanding Risk; Four Ways to Help Your Wealth Management Plan

Paul FennerPersonal Finance

There are typically three risk profiles that investors are assigned to within the financial services industry, which is conservative, moderate, and aggressive. These categories are usually defined by an investor’s; Time Horizon – age and when you expect to need assets, Long-Term Goals & Expectations – views of how an investment should perform, Short-Term Risk Attitudes – views towards short-term … Read More

How to Utilize Life Insurance as a Tool in the Wealth Planning Process

Paul FennerInsurance Planning

Along with estate planning, insurance planning is likely another wealth planning topic that most people would rather not talk about.  I believe that there are a few reasons for this; People do not like to discuss death, Insurance salespeople have been known to put their interests above yours, There are so many types of insurance that people do not understand … Read More

Three Factors That Affect Your Social Security Decision

Paul FennerRetirement Planning

I am often asked the critical question of should I take my social security benefits early or wait until full retirement age or beyond?  Issuing a blanket response or answer to that question can lead people down the wrong path, especially on this subject.  While many people would benefit the most by waiting until they reach their full retirement age … Read More

Four Ways to Protect Yourself from Ponzi Schemes

Paul FennerPersonal Finance

I had a friend text me this story about Kevin Garnett, who is yet another high profile athlete or entertainer who has come out on the wrong end of some horrible financial advice (see here and here).  Within the text, my friend asked, “how does this happen to people?”  My response is, as long as there are people with money … Read More

3 Tactics to Help Simplify Wealth Planning

Paul FennerPersonal Finance

The best wealth management plan has nothing to do with “outside forces” beyond your control, but rather everything to do with what’s most important to you.  Instead of feeling overwhelmed by the supposed complexity surrounding financial decisions, a straightforward wealth management plan can bring clarity and peace of mind about which strategies will work best for your situation. What, How, … Read More