Tag: asset location

Vanguard Proves Why Financial Advisors Matter – And What Most Get Wrong (Episode 31)

Vanguard Proves Why Financial Advisors Matter – And What Most Get Wrong (Episode 31)

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Summary: In this episode of Wealth on the Move, host Will Hoffman and director of financial planning Niko Rosso discuss the value that financial advisors bring to their clients, referencing a significant study by Vanguard. They explore various aspects of financial planning, including investment selection, asset location, tax efficiency, and the importance of behavioral coaching. The conversation emphasizes the evolving role of independent financial advisors in a changing financial landscape, highlighting the need for financial literacy and proactive planning.

Resources:

  • Download the Vanguard Study HERE!

Takeaways:

  • Vanguard’s study highlights the value of financial advisors.
  • Investment selection can add significant alpha to portfolios.
  • Behavioral coaching is crucial for client success.
  • Understanding asset location can enhance tax efficiency.
  • Tax loss harvesting can provide financial benefits.
  • Budgeting is essential for financial discipline.
  • Independent financial advisors are shaping the future of wealth management.
  • Financial literacy is vital for effective money management.
  • Proactive planning can mitigate financial risks.
  • The evolving landscape of financial advising requires adaptability.

Connect with Will Hoffman: 

Connect with Niko Rosso:

 

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Achieving Your FIRE Number: Strategies for Success (Episode 15)

Achieving Your FIRE Number: Strategies for Success (Episode 15)

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Summary: In this episode of Wealth on the Move, hosts Will Hoffman and Brynn Tarbuck delve into the FIRE (Financial Independence, Retire Early) movement, discussing its principles, the importance of understanding your FIRE number, and the various strategies to achieve financial independence. They explore the 4% rule, hidden costs associated with early retirement, and the significance of planning for healthcare and inflation. The conversation emphasizes the need for discipline in saving and investing, as well as the potential of side hustles and alternative income streams to accelerate the journey towards financial freedom.

Resources:

Takeaways:

  • The FIRE movement encourages financial independence and early retirement.
  • Understanding your FIRE number is crucial for planning.
  • The 4% rule is a common guideline for retirement withdrawals.
  • Hidden costs like healthcare can significantly impact retirement plans.
  • Inflation and taxes are important factors to consider in retirement planning.
  • Asset location is as important as asset allocation for early retirees.
  • Side hustles can provide additional income streams to reach FIRE faster.
  • Discipline in saving and spending is essential for achieving financial goals.
  • Travel hacking and optimizing expenses can enhance your FIRE lifestyle.
  • Regularly reviewing and adjusting your financial plan is necessary for success.

Connect with Will Hoffman: 

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