Money Not Math

Feeling the ups and downs of the stock market?

Hello and welcome to Money Not Math episode 158! I'm Drew Erickson, and today we're diving into Warren Buffett's recent comments on Berkshire Hathaway's cash holdings and what they mean for investors like you.In his latest annual letter to shareholders, Buffett addressed concerns about Berkshire's substantial cash reserves, which stood at $334 billion at the end of the fourth quarter. He emphasized his preference for owning "good businesses" over holding cash and highlighted the importance of patience and discipline in investing.Buffett also discussed the impressive performance of Berkshire's insurance arm and expressed confidence in the company's Japanese investments. These insights underscore the value of diversification and waiting for the right investment opportunities.Tune in to learn more about how Buffett's philosophy can inform your personal retirement planning strategy. If you find this episode valuable, please consider subscribing, leaving a review, or sharing it with a friend. And remember, if you're looking for personalized retirement planning advice, I'm here to help.

In this episode, I dive deep into the world of Health Savings Accounts (HSAs). Discover how HSAs can be a game-changer for your financial health, offering triple tax savings and more. But they aren't always the right decision for everyone. We break down the benefits of high-deductible health plans and compare them with traditional health insurance options. Learn how HSAs can significantly impact your retirement planning by providing a tax-advantaged way to save for future healthcare expenses. Whether you're new to HSAs or looking to optimize your current strategy, this episode is packed with valuable insights and practical tips.

Are you reconsidering when to take your Social Security benefits? Or planning for the unpredictable future of late-life finances? Check out this podcast highlighting:1. Discover why delaying Social Security benefits might not always be the best strategy.2. Learn how to create a robust financial plan to guide late-life decisions and weather an unpredictable future.Stay informed and make the best decisions for your financial future!Disclaimer: This content is not legal, tax, or investment advice. Always consult a qualified professional regarding your own situation.Articles referenced: https://www.morningstar.com/retirement/maybe-you-shouldnt-delay-taking-your-social-security-benefits-after-allhttps://www.startribune.com/a-financial-plan-to-guide-late-life-decisions-will-help-weather-unpredictable-future/601219133#RetirementPlanning #FinancialAdvice #SocialSecurity #LateLifePlanning #Investing #FinancialEducation #5StoneFinancialGroup #money #retirement

Curious about how tariffs might affect your investment portfolio? Check out this podcast. Key Takeaways: • Historical Context: Learn how past tariff implementations, like those during President Trump's term, impacted markets. • Market Reactions: Discover why markets often price in expected developments, potentially muting the impact of new tariffs. • Forward-Looking Insights: Understand how current market prices may already reflect anticipated economic changes. Stay informed and make better investment decisions by understanding the broader economic landscape. Schedule a Private Call: If you prefer a private conversation, you can schedule a call with me here: https://outlook.office365.com/owa/calendar/Gb122ad25bf0742de9ef95f26af89fd04@5stonefinancial.com/bookings/s/ytXDEtRh0E-29mrENW6_Uw2 Disclaimer: This content is not legal, tax, or investment advice. Always consult a qualified professional regarding your own situation. Since this is a live session, I may occasionally make a mistake. Article referenced: https://www.dimensional.com/us-en/insights/tariff-trepidation #Investing #MarketInsights #Tariffs #FinancialEducation #Dimensional #RetirementPlanning #MoneyNotMath #EmptyNesters #5StoneFinancialGroup #Investing #Money #FinancialEducation #Retirement #Coffee

Hello everyone!

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Did you know the government decides when you must start spending your 401(k) and IRA money in retirement?

Ever wondered if 401(k) withdrawals before age 73 count toward your Required Minimum Distributions (RMDs)?

“More than 8 in 10 workers over 45 regret not taking retirement saving more seriously when they were younger.” “More than half of those surveyed by EBRI retired earlier than expected due to reasons beyond their control, such as health problems or disability, or changes at their company, like downsizing, closure, or reorganization.” Only 19% of retirees have a written plan, she added. “But just because you're already retired doesn't mean you can't do some retirement planning to know where you stand and give yourself a boost.” Full podcast: https://creators.spotify.com/pod/show/drew-erickson7/episodes/What-do-people-regret-the-most-when-they-retire--1-23-25-Retirement-Planning-Coffee-Talk-e2tsuvn Article referenced: https://finance.yahoo.com/news/what-do-people-regret-the-most-when-they-retire-143035482.html Here's the link to schedule a call with me if you want to ask questions privately: https://outlook.office365.com/owa/calendar/Gb122ad25bf0742de9ef95f26af89fd04@5stonefinancial.com/bookings/s/ytXDEtRh0E-29mrENW6_Uw2 Disclaimer: This content is not legal, tax, or investment advice. Always consult a qualified professional regarding your own situation. And since this is a live session, I may occasionally make a mistake. #RetirementPlanning #MoneyNotMath #EmptyNesters #5StoneFinancialGroup #Investing #Money #FinancialEducation #Retirement #Coffee

What do people regret the most when they retire? 1.23.25 Retirement Planning Coffee Talk “More than 8 in 10 workers over 45 regret not taking retirement saving more seriously when they were younger.” “More than half of those surveyed by EBRI retired earlier than expected due to reasons beyond their control, such as health problems or disability, or changes at their company, like downsizing, closure, or reorganization.” Only 19% of retirees have a written plan, she added. “But just because you're already retired doesn't mean you can't do some retirement planning to know where you stand and give yourself a boost.” Article referenced: https://finance.yahoo.com/news/what-do-people-regret-the-most-when-they-retire-143035482.html Here's the link to schedule a call with me if you want to ask questions privately: https://outlook.office365.com/owa/calendar/Gb122ad25bf0742de9ef95f26af89fd04@5stonefinancial.com/bookings/s/ytXDEtRh0E-29mrENW6_Uw2 Disclaimer: This content is not legal, tax, or investment advice. Always consult a qualified professional regarding your own situation. And since this is a live session, I may occasionally make a mistake. #RetirementPlanning #MoneyNotMath #EmptyNesters #5StoneFinancialGroup #Investing #Money #FinancialEducation #Retirement #Coffee

In our latest Coffee Talk video/podcast, we dive into smart retirement planning tips: 1. 5 Mistakes to Avoid with Your Investment Portfolio. 2. How inflation affects your stocks and bonds

In our latest Coffee Talk video/podcast, we dive into smart retirement planning tips: 1. 5 Mistakes to Avoid with Your Investment Portfolio. 2. How inflation affects your stocks and bonds

“According to the study, 78% of pre-retiree respondents expressed concern over inflation's effect on their retirement income.” 1 Market Review 2024: Stocks Overcome Uncertainty to Notch Another Strong Year… “It's a reminder that the market is constantly incorporating new information into prices—including expectations for moves by the Fed.” 2 Weekly Retirement Planning Coffee Talks are a casual way for me to connect and answer questions—even if you're not a client—at no cost. Join us on Facebook Live or stop by my office to enjoy free coffee. If you'd rather not ask questions online or in person during the live session, feel free to message me directly. Or simply enjoy your coffee at my office, and we can chat once the live video wraps up. There's no pressure to work with me or become a client, whether you join in person or online. My mission is to provide my clients with the highest quality advice and service. To maintain this level of care, I limit my practice to 100 active clients at a time, as I have a fiduciary responsibility to each of them. While I cap the number of clients I work with, I'm dedicated to serving as many people as possible by sharing valuable information and answering your questions. That's why these Coffee Talks mean so much to me. Here's the link to schedule a call with me if you want to ask questions privately: https://outlook.office365.com/owa/calendar/Gb122ad25bf0742de9ef95f26af89fd04@5stonefinancial.com/bookings/s/ytXDEtRh0E-29mrENW6_Uw2 Disclaimer: This content is not legal, tax, or investment advice. Always consult a qualified professional regarding your own situation. And since this is a live session, I may occasionally make a mistake. Articles referenced: https://www.benefitspro.com/2025/01/07/inflation-and-family-caregiving-squeeze-retirement-plans/?slreturn=20250109111801 1 https://my.dimensional.com/market-review-2024-stocks-overcome-uncertainty-to-notch-another-strong-year?_cldee=KVjLgSjQEtBcUsrd-iWv82rop9KQBgCf3ZqZApxdhRCrOwdPn4Odw5GpnYVIa_HT&recipientid=contact-95bd0bca459bec11b400000d3a325c46-5c9dba59efb947409dc2c1db49eb85b2&utm_source=ClickDimensions&utm_medium=email&utm_campaign=US%20Weekly%20Digest%202025&esid=69f9af2e-0acd-ef11-b8e9-000d3a5d70d5 2 #RetirementPlanning #MoneyNotMath #EmptyNesters #5StoneFinancialGroup #Investing #Money #FinancialEducation #Retirement #Coffee #inflation

“According to the study, 78% of pre-retiree respondents expressed concern over inflation's effect on their retirement income.” 1 Market Review 2024: Stocks Overcome Uncertainty to Notch Another Strong Year… “It's a reminder that the market is constantly incorporating new information into prices—including expectations for moves by the Fed.” 2 Weekly Retirement Planning Coffee Talks are a casual way for me to connect and answer questions—even if you're not a client—at no cost. Join us on Facebook Live or stop by my office to enjoy free coffee. If you'd rather not ask questions online or in person during the live session, feel free to message me directly. Or simply enjoy your coffee at my office, and we can chat once the live video wraps up.   There's no pressure to work with me or become a client, whether you join in person or online.   My mission is to provide my clients with the highest quality advice and service. To maintain this level of care, I limit my practice to 100 active clients at a time, as I have a fiduciary responsibility to each of them. While I cap the number of clients I work with, I'm dedicated to serving as many people as possible by sharing valuable information and answering your questions. That's why these Coffee Talks mean so much to me.   Here's the link to schedule a call with me if you want to ask questions privately: https://outlook.office365.com/owa/calendar/Gb122ad25bf0742de9ef95f26af89fd04@5stonefinancial.com/bookings/s/ytXDEtRh0E-29mrENW6_Uw2 Disclaimer: This content is not legal, tax, or investment advice. Always consult a qualified professional regarding your own situation. And since this is a live session, I may occasionally make a mistake. Articles referenced: https://www.benefitspro.com/2025/01/07/inflation-and-family-caregiving-squeeze-retirement-plans/?slreturn=20250109111801 1 https://my.dimensional.com/market-review-2024-stocks-overcome-uncertainty-to-notch-another-strong-year?_cldee=KVjLgSjQEtBcUsrd-iWv82rop9KQBgCf3ZqZApxdhRCrOwdPn4Odw5GpnYVIa_HT&recipientid=contact-95bd0bca459bec11b400000d3a325c46-5c9dba59efb947409dc2c1db49eb85b2&utm_source=ClickDimensions&utm_medium=email&utm_campaign=US%20Weekly%20Digest%202025&esid=69f9af2e-0acd-ef11-b8e9-000d3a5d70d5

Retire Early, is this the year you take the leap? Plus, 6 Market Pros on the Biggest Risks for 2025. 1.2.25 Retirement Planning Coffee Talk A guide to help you retire early in 2026 or in the near future, with a month-to-month checklist of achievable goals. Keep an eye on sticky inflation, stretched valuations, and an uncertain policy landscape. Weekly Retirement Planning Coffee Talks are a casual way for me to connect and answer questions—even if you're not a client—at no cost. Join us on Facebook Live or stop by my office to enjoy free coffee. If you'd rather not ask questions online or in person during the live session, feel free to message me directly. Or simply enjoy your coffee at my office, and we can chat once the live video wraps up. There's no pressure to work with me or become a client, whether you join in person or online. My mission is to provide my clients with the highest quality advice and service. To maintain this level of care, I limit my practice to 100 active clients at a time, as I have a fiduciary responsibility to each of them. While I cap the number of clients I work with, I'm dedicated to serving as many people as possible by sharing valuable information and answering your questions. That's why these Coffee Talks mean so much to me. Link to full Spotify Podcast: https://creators.spotify.com/pod/show/drew-erickson7/episodes/Retire-Early--is-this-the-year-you-take-the-leap--Plus--6-Market-Pros-on-the-Biggest-Risks-for-2025--1-2-25-Retirement-Planning-Coffee-Talk-e2t049b Here's the link to schedule a call with me if you want to ask questions privately: https://outlook.office365.com/owa/calendar/Gb122ad25bf0742de9ef95f26af89fd04@5stonefinancial.com/bookings/s/ytXDEtRh0E-29mrENW6_Uw2 Disclaimer: This content is not legal, tax, or investment advice. Always consult a qualified professional regarding your own situation. And since this was a live session, I may occasionally make a mistake. Articles referenced, https://www.kiplinger.com/retirement/retire-early-this-year-is-this-the-year-you-take-the-leap https://www.morningstar.com/markets/6-market-pros-biggest-risks-2025?utm_source=eloqua&utm_medium=email&utm_campaign=AdvisorDigest&utm_content=None_60118&utm_id=31029 #RetirementPlanning #MoneyNotMath #EmptyNesters #5StoneFinancialGroup #Investing #Money #FinancialEducation #Retirement #Coffee

A guide to help you retire early in 2026 or in the near future, with a month-to-month checklist of achievable goals. Keep an eye on sticky inflation, stretched valuations, and an uncertain policy landscape. Weekly Retirement Planning Coffee Talks are a casual way for me to connect and answer questions—even if you're not a client—at no cost. Join us on Facebook Live or stop by my office to enjoy free coffee. If you'd rather not ask questions online or in person during the live session, feel free to message me directly. Or simply enjoy your coffee at my office, and we can chat once the live video wraps up. There's no pressure to work with me or become a client, whether you join in person or online. My mission is to provide my clients with the highest quality advice and service. To maintain this level of care, I limit my practice to 100 active clients at a time, as I have a fiduciary responsibility to each of them. While I cap the number of clients I work with, I'm dedicated to serving as many people as possible by sharing valuable information and answering your questions. That's why these Coffee Talks mean so much to me. Here's the link to schedule a call with me if you want to ask questions privately: https://outlook.office365.com/owa/calendar/Gb122ad25bf0742de9ef95f26af89fd04@5stonefinancial.com/bookings/s/ytXDEtRh0E-29mrENW6_Uw2 Disclaimer: This content is not legal, tax, or investment advice. Always consult a qualified professional regarding your own situation. And since this was a live session, I may occasionally make a mistake. Articles referenced, https://www.kiplinger.com/retirement/retire-early-this-year-is-this-the-year-you-take-the-leap https://www.morningstar.com/markets/6-market-pros-biggest-risks-2025?utm_source=eloqua&utm_medium=email&utm_campaign=AdvisorDigest&utm_content=None_60118&utm_id=31029 #RetirementPlanning #MoneyNotMath #EmptyNesters #5StoneFinancialGroup #Investing #Money #FinancialEducation #Retirement #Coffee

How to Avoid Letting Unforeseen Events (Black Swans) Ruin Your Retirement. Money Not Math 155 “When it comes to investing, a big obstacle many people face is the fear of catastrophe.” “The fact that winners can gain more than losers can lose is one of the many reasons I'm so optimistic about investing in public markets.” “Staying disciplined is one of the keys to capturing the market's long-term returns. Over the past century, the stock market has returned on average about 10% a year, which makes sense when you consider the asymmetric nature of stock returns.1 Remember that while a stock can only fall to zero, losing 100% of its value, successful companies have the potential for gains far exceeding 100%.” Article referenced, https://www.dimensional.com/us-en/insights/how-to-avoid-black-swans Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. #MontyNotMath #RetirementPlanning #Retirement #investing #money #BlackSwan #discipline

Financial advice can add up to 5.1% to portfolio returns over the long term. 11/21/24 Retirement Planning Coffee Talk That could make up to or more than a $7m difference! Election Results Shouldn't Dictate Your Investments Yes, RMDs Can Improve Your Portfolio Weekly Retirement Planning Coffee Talks are a casual way for me to connect and answer questions—even if you're not a client—at no cost. Join us on Facebook Live or stop by my office to enjoy free coffee. If you'd rather not ask questions online or in person during the live session, feel free to message me directly. Or simply enjoy your coffee at my office, and we can chat once the live video wraps up. There's no pressure to work with me or become a client, whether you join in person or online. My mission is to provide my clients with the highest quality advice and service. To maintain this level of care, I limit my practice to 100 active clients at a time, as I have a fiduciary responsibility to each of them. While I cap the number of clients I work with, I'm dedicated to serving as many people as possible by sharing valuable information and answering your questions. That's why these Coffee Talks mean so much to me. Disclaimer: This content is not legal, tax, or investment advice. Always consult a qualified professional regarding your own situation. And since this is a live session, I may occasionally make a mistake. #RetirementPlanning #MoneyNotMath #EmptyNesters #5StoneFinancialGroup #Investing #Money #FinancialEducation #Retirement #Coffee Articles Referenced: https://www.fidelity.com/viewpoints/investing-ideas/financial-advisor-cost https://www.dimensional.com/us-en/insights/election-results-shouldnt-dictate-your-investments https://www.morningstar.com/personal-finance/yes-rmds-can-improve-your-portfolio?utm_source=eloqua&utm_medium=email&utm_campaign&utm_content=_59171&utm_id=30343

How the 2024 Election Could Affect Your Portfolio. 11.7.24 Retirement Planning Coffee Talk   Stocks, Dollar, Bitcoin Rise as Trump Wins Second Term   2025 Social Security Changes – please reach out if you want a copy of the pdf   Investors Tend to Win No Matter Who Prevails in an Election   Probability of Positive Returns in the S&P 500 Index – Since 1937 – please reach out if you want a copy of the pdf   Weekly Retirement Planning Coffee Talks are a casual way for me to connect and answer questions—even if you're not a client—at no cost. If you'd rather not ask questions online or in person, feel free to message me directly and I will do my best to get back to you in a timely manner.   There's no pressure to work with me or become a client by joining online or stopping by my office with questions.   My mission is to provide my clients with the highest quality advice and service. To maintain this level of care, I limit my practice to 100 active clients at a time, as I have a fiduciary responsibility to each of them. While I cap the number of clients I work with, I'm dedicated to serving as many people as possible by sharing valuable information and answering your questions. That's why these Coffee Talks mean so much to me.   Disclaimer: This content is not legal, tax, or investment advice. Always consult a qualified professional regarding your own situation. And since this is a live session, I may occasionally make a mistake.   Article's referenced, How the 2024 Election Could Affect Your Portfolio Stocks, Dollar, Bitcoin Rise as Trump Wins Second Term 2025 Social Security Changes    Investors Tend to Win No Matter Who Prevails in an Election Probability of Positive Returns PDF I can send you if interested by www.ftportfolios.com #RetirementPlanning #MoneyNotMath #EmptyNesters #5StoneFinancialGroup #Investing #Money #FinancialEducation #Retirement #Coffee

“Why Many Americans Aren't Prepared for Retirement” and “What Investors Told Us They Want From Advisors” were Morningstar articles also discussed. What are you looking for in an advisor? Do you think who wins the election will impact the stock market? What other questions or thoughts do you have from these three articles? Weekly Retirement Planning Coffee Talks are an informal way for me to have conversations and answer questions with people even if they are not my clients for free. You are welcome to join this Facebook live or stop by my office for free coffee. There is no pressure to work with me or become my client by stopping by in person or online. It is my mission to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to only having 100 or less active clients at all times that I have a fiduciary responsibility to. Even though I limit myself to only working with 100 clients at any given time. It is still important to me to provide as much value as I can to as many good people as possible. Which is why these conversations are so important to me. Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. And this is live so I may make a mistake from time to time. #MoneyNotMath #RetirementPlanning #EmptyNesters #5StoneFinancialGroup #investing #money #FinancialEducation #Retirement #coffee Links to the three articles referenced, https://www.morningstar.com/financial-advisors/what-investors-told-us-they-want-advisors?utm_source=eloqua&utm_medium=email&utm_campaign&utm_content=_58908&utm_id=30113 https://www.morningstar.com/markets/markets-brief-dont-gamble-2024-election-outcome?utm_source=eloqua&utm_medium=email&utm_campaign&utm_content=_58907&utm_id=30112 https://www.morningstar.com/columns/rekenthaler-report/american-retirement-preparedness-is-improving-its-still-not-good-enough?utm_source=eloqua&utm_medium=email&utm_campaign&utm_content=_58572&utm_id=29904

The True Tax Benefit of IRAs and 401(k)s plus how they stack up against taxable and after-tax accounts. Money Not Math 154. Where should you be investing your money? Tax-deferred (Traditional IRAs/401(k)s, taxable, or after-tax (Roth IRAs/401(k)s)? This article and visual will hopefully help you answer that question. Please let me know if you have follow-up questions or thoughts plus future money not math or retirement planning topic requests. Article referenced, https://www.morningstar.com/columns/rekenthaler-report/whats-tax-benefit-owning-traditional-ira-or-401k-account?utm_source=eloqua&utm_medium=email&utm_campaign&utm_content=_58805&utm_id=30039 Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. #MoneyNotMath #RetirementPlanning #Investing #401k #IRA #Roth #Taxes #Retirement #EmptyNesters #money

Why Stocks are Hitting Record Highs, Avoid RMD Shortfalls, and Is Fixing Social Security and Medicare as Dire as it Seems? 6/13/24 Retirement Planning Coffee Talk   “Still, without action by Congress, the program in 2035 would be bringing in enough cash to pay only 83% of the benefits promised to current and future beneficiaries. In other words, beneficiaries would be facing a disastrous 17% cut in benefits.” - Is Fixing Social Security and Medicare as Dire as It Seems?   Weekly Retirement Planning Coffee Talks are an informal way for me to have conversations and answer questions with people even if they are not my clients for free. You are welcome to join the Facebook live or stop by my office for free coffee.   There is no pressure to work with me or become my client by stopping by in person or online.   It is my mission to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to only having 100 or less active clients at all times that I have a fiduciary responsibility to. Even though I limit myself to only working with 100 clients at any given time. It is still important to me to provide as much value as I can to as many good people as possible. Which is why these conversations are so important to me.   Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. And this is live so I may make a mistake from time to time. I look forward to some great conversations and hope you have a wonderful day.   #MoneyNotMath #RetirementPlanning #EmptyNesters #5StoneFinancialGroup #investing #money #FinancialEducation #Retirement #coffee #stocks #RMD #SocialSecurity #Medicare Articles referenced: https://www.morningstar.com/retirement/5-life-expectancy-rules-10-year-other-ira-beneficiaries?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_advisordigest&utm_content=54334 https://www.morningstar.com/markets/why-stocks-are-hitting-record-highs-what-could-send-them-back-earth?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_morningdigest&utm_content=54511 https://www.morningstar.com/retirement/fixing-social-security-medicare-its-not-dire-it-seems?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_advisordigest&utm_content=54543

The True Cost of a Financial Advisor Revealed, The Financial Risks of Social Media, and Take it from Warren Buffett: Misses Are Inevitable. 6/6/24 Retirement Planning Coffee Talk Would it be worth paying 1% of your assets under management to receive 1.5%-4% higher account growth over an extended period of time? Potentially going from ~$1.3M to ~$2m or ~$1.3M to ~$4m? What's the "hottest" financial tip or "trade secret" you've seen on social media recently? Save more than you spend. Diversify across asset classes. Invest regularly (even during bear markets and corrections). Be mindful of costs. Don't panic during selloffs. Weekly Retirement Planning Coffee Talks are an informal way for me to have conversations and answer questions with people even if they are not my clients for free. You are welcome to join the Facebook live or stop by my office for free coffee. There is no pressure to work with me or become my client by stopping by in person or online. It is my mission to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to only having 100 or less active clients at all times that I have a fiduciary responsibility to. Even though I limit myself to only working with 100 clients at any given time. It is still important to me to provide as much value as I can to as many good people as possible. Which is why these conversations are so important to me. Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. And this is live so I may make a mistake from time to time. #MoneyNotMath #RetirementPlanning #EmptyNesters #5StoneFinancialGroup #investing #money #FinancialEducation #Retirement #coffee Articles referenced: https://articles.smartasset.com/financial-advisor-true-cost/ux/index.html?utm_source=googlediscovery&utm_campaign=dis__falc_content_truecost&utm_content=134512371305_655524434362&utm_term=Beth&gclid=CjwKCAjw88yxBhBWEiwA7cm6pcE4wznNL4yV8oQYApmhkYDPEKInob7v27Myw23jFWjLpGKI0QkfDRoCPY4QAvD_BwE https://www.morningstar.com/financial-advisors/take-it-warren-buffett-misses-are-inevitable Please email me ad drew@5stonefinancial.com if you would like to be added to our newsletter.

Dad jokes, the financial media, and the countdown to your retirement. 5/8/24 Retirement Planning Coffee Talk with Ross Welte and Dexter. Check out this video for some real client retirement stories regarding their emotions and financial outcomes! Why is the news so negative? Can anyone explain this FPS situation? Emotions are the detriment to long-term planning. Don't use words! Should we get out of the market? What happens if you get out at the wrong time? The Death of Equities. The value of being independent and being open to your options. Are you getting the most out of your money? Don't be romantic about how you made your money. The emotions you feel before, during and after retirement. The top 5 Retirement Planning MISTAKES. Dad Jokes. Thank you Ross and Dexter for joining me. I thoroughly enjoyed the conversation. Should we start Dad Jokes with Dads? Weekly Retirement Planning Coffee Talks are an informal way for me to have conversations and answer questions with people even if they are not my clients for free. You are welcome to join the Facebook live or stop by my office for free coffee. There is no pressure to work with me or become my client by stopping by in person or online. It is my mission to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to only having 100 or less active clients at all times that I have a fiduciary responsibility to. Even though I limit myself to only working with 100 clients at any given time. It is still important to me to provide as much value as I can to as many good people as possible. Which is why these conversations are so important to me. Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. And this is live so I may make a mistake from time to time. #MoneyNotMath #RetirementPlanning #EmptyNesters #5StoneFinancialGroup #investing #money #FinancialEducation #Retirement #coffee #SocialSecurity Articles referenced: https://ritholtz.com/1979/08/the-death-of-equities/ https://smartasset.com/retirement/retirement-mistakes-to-avoid

Forgive, Be BOLD, and Live! Money Not Math 153 interview with Alison Bernier – Bernier Properties LLC What an absolute pleasure it was for me to interview Alison and get to know her better. Her faith, perseverance, genuine nature, and kindness are incredible. I love her Core Values and belief system. Especially when she talks about how the connections you have and how we treat people are more important than the money you have. From pre-law and nutrition to entrepreneurship I strongly encourage you to set aside 30 minutes to watch or listen to Alison's story. Plus, I would appreciate it if you helped me celebrate Alison by sharing, commenting, and liking this post. Please reach out with questions or thoughts for Alison or me. Thank you and I hope you have a wonderful day. #Forgive #BeBold #Live #RealEstate #Faith #Family #perseverance #kindness #MoneyNotMath #Connections

Thankful for 10 years! My office is moving. FED interest rate decisions. Only 1 in 5 have retirement plans. 5/2/24 Retirement Planning Coffee Talk. Weekly Retirement Planning Coffee Talks are an informal way for me to have conversations and answer questions with people even if they are not my clients for free. You are welcome to join the Facebook live or stop by my office for free coffee. There is no pressure to work with me or become my client by stopping by in person or online. It is my mission to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to only having 100 or less active clients at all times that I have a fiduciary responsibility to. Even though I limit myself to only working with 100 clients at any given time. It is still important to me to provide as much value as I can to as many good people as possible. Which is why these conversations are so important to me. Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. And this is live so I may make a mistake from time to time. I look forward to some great conversations and hope you have a wonderful day. #MoneyNotMath #RetirementPlanning #EmptyNesters #5StoneFinancialGroup #investing #money #FinancialEducation #Retirement #coffee #FED #InterestRates Articles referenced: https://www.morningstar.com/markets/what-history-tells-us-about-feds-next-move?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_morningdigest&utm_content=53723 https://www.usatoday.com/story/money/2024/05/02/affording-retirement-costs-americans-survey-aarp/73530103007/

NFL Draft tonight, go Vikings! 5.1% Cash Accounts. Structured Notes. Series 65. 2/3 of Peak Boomers Aren't Ready for Retirement. And Qualified Charitable Distributions. 4/25/24 Retirement Planning Coffee Talk. Weekly Retirement Planning Coffee Talks are an informal way for me to have conversations and answer questions with people even if they are not my clients for free. You are welcome to join the Facebook live or stop by my office for free coffee. There is no pressure to work with me or become my client by stopping by in person or online. It is my mission to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to only having 100 or less active clients at all times that I have a fiduciary responsibility to. Even though I limit myself to only working with 100 clients at any given time. It is still important to me to provide as much value as I can to as many good people as possible. Which is why these conversations are so important to me. Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. And this is live so I may make a mistake from time to time. I look forward to some great conversations and hope you have a wonderful day. #MoneyNotMath #RetirementPlanning #EmptyNesters #5StoneFinancialGroup #investing #money #FinancialEducation #Retirement Articles/websites referenced: https://www.5stonefinancial.com/ https://www.thinkadvisor.com/2024/04/24/two-thirds-of-peak-boomers-are-financially-unprepared-for-retirement-study/?fbclid=IwZXh0bgNhZW0CMTAAAR0wk1RASumB4dWabxayCkBFv19LJ1FGIZ-nxJ7xXM4s_VOzFp-2bUGEs4I_aem_AZX9to-XLUUSNYfMzORcLuC4OuDI85tKP05JEtt4enkA2AZvgX7nRu3hrn3emQ4Mqk4k0oqoQ0F0HCAxf1nZvTbU https://www.fidelitycharitable.org/guidance/philanthropy/qualified-charitable-distribution.html?fbclid=IwZXh0bgNhZW0CMTAAAR3mqnhCTGvymHjHcy6Ztp74P6EBc24NKIXGdlIkwZoWEahfp9zuzkstt4U_aem_AZXlAtAmOw2hh_onLHTeftoJPT0j-gULJdqiwgf9_7jJDVf1KtRNSeeBG5UxUUBYSvon1j9asIIOmG0NJ3mv0KNQ#:~:text=A%20qualified%20charitable%20distribution%20

Roth Conversions. Will the New Inflation Story Hurt Stocks? Magnificent No More? Apple and Tesla Stocks Are Weighing on the Market. Our retirement planning newsletter and Shane Zutz's leadership newsletter. 4/18/24 Retirement Planning Coffee Talk Weekly Retirement Planning Coffee Talks are an informal way for me to have conversations and answer questions with people even if they are not my clients for free. You are welcome to join the Facebook live or stop by my office for free coffee. There is no pressure to work with me or become my client by stopping by in person or online. It is my mission to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to only having 100 or less active clients at all times that I have a fiduciary responsibility to. Even though I limit myself to only working with 100 clients at any given time. It is still important to me to provide as much value as I can to as many good people as possible. Which is why these conversations are so important to me. Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. And this is live so I may make a mistake from time to time. I look forward to some great conversations and hope you have a wonderful day. #MoneyNotMath #RetirementPlanning #EmptyNesters #5StoneFinancialGroup #investing #money #FinancialEducation #Retirement Articles Referenced: https://www.morningstar.com/retirement/recharacterizing-your-ira-contribution?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_advisordigest&utm_content=53453&fbclid=IwZXh0bgNhZW0CMTAAAR2FmaeRy2FpsvV49IcBB1yGn51TXWr8wfRGyAqrV8CDOexczJ45ig1Fjqs_aem_AdNr0zr5_OiNheaun2xrCwjilcMYLZrsGM2pjJgU7D8aOObX9Wv24psHctQxZNTz5j4CXj5FKt1bnkio7B5d8i5K https://www.morningstar.com/markets/markets-brief-will-new-inflation-story-hurt-stocks?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_advisordigest&utm_content=53390&fbclid=IwZXh0bgNhZW0CMTAAAR05safgm7DGM7NBs5k0fGq_y0hins3izMye3YHsNkiI84IMPTN0bw-c1xw_aem_AdPvCCXgiYVWidrdzKIj0EyBfA5XZjQswy-2kuZmQCRLwssK2hz8PfqJbJp5x8NEIowl7FWtwDFMCmnToNl3i589 https://www.morningstar.com/markets/magnificent-no-more-apple-tesla-stocks-are-weighing-market?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_morningdigest&utm_content=53306&fbclid=IwZXh0bgNhZW0CMTAAAR2_WtVlG9_HyEMkuBZ33_EQuDRlQvIgv4WDhOxmvtItsRVPFs0cFFieiJY_aem_AdMSU7QXIFKQP1wZXIxN0mh7Fjdqrq_9YO9Xa1zX6U2i5EdJrqF0bjcSolTVoNOS7wiyUiqSse8qkQIoInBMRs8N

“I feel like I should have had a financial education class” 4/11/24 Weekly Money Not Math Coffee Talk Topics discussed= Help support the Challenger Elementary School teachers and students by buying a coffee mug! What I See When I Watch Basketball. Where International Diversification Works—And Where It Falls Short. Which behavioral bias is most common and most detrimental to financial planning? Do we deal with a lot of retirement planning? The most successful investment accounts are owned by dead people. Weekly Money Not Math Coffee Talks are an informal way for me to have conversations and answer questions with people even if they are not my clients for free. You are welcome to join the Facebook live or stop by my office for free coffee. There is no pressure to work with me or become my client by stopping by in person or online. It is my mission to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to only having 100 or less active clients at all times that I have a fiduciary responsibility to. Even though I limit myself to only working with 100 clients at any given time. It is still important to me to provide as much value as I can to as many good people as possible. Which is why these conversations are so important to me. Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. And this is live so I may make a mistake from time to time. I look forward to some great conversations and hope you have a wonderful day. #MoneyNotMath #RetirementPlanning #EmptyNesters #5StoneFinancialGroup #investing #quality #advice #service #free #coffee #FinancialEducation Please let me know if you would like to be added to our newsletter and here are the articles I referenced, https://www.morningstar.com/portfolios/does-case-investing-internationally-add-up?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_morningdigest&utm_content=52987&fbclid=IwAR2d2OyOb_10cJF6Thj_eGqUAQQu-8A5638Esvbjx4njWGtPMlHZHHuCHfg_aem_AZsZ-N_NyDj_KcaLPbbS2CjoevQYULkL_8Ip9X1Uxs7JNSovBAYsHrzq5HaNa9pBWl0LUCuHEJL8knLP7INdnvjV https://www.dimensional.com/us-en/insights/what-i-see-when-i-watch-basketball

Go Gophers! 5 Steps to Spring-Cleaning Your Investment Portfolio. Morningstar Market Insights: Central Banks, Inflation, and Patient Investing. Cost of Capital: A Gut Check on High-Flying Stock Returns. 3/28/24 Weekly Money Not Math free Coffee Talk. Weekly Money Not Math Coffee Talks are an informal way for me to have conversations and answer questions with people even if they are not my clients for free. You are welcome to join the Facebook live or stop by my office for free coffee. There is no pressure to work with me or become my client by stopping by in person or online. It is my mission to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to only having 100 or less active clients at all times that I have a fiduciary responsibility to. Even though I limit myself to only working with 100 clients at any given time. It is still important to me to provide as much value as I can to as many good people as possible. Which is why these conversations are so important to me. Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. And this is live so I may make a mistake from time to time. #MoneyNotMath #RetirementPlanning #EmptyNesters #5StoneFinancialGroup #investing #free #coffee #SpringCleaning #InvestmentPortfolio #morningstar #banks #inflation #stock #returns Articles Referenced: https://www.morningstar.com/markets/morningstar-market-insights-central-banks-inflation-patient-investing?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_advisordigest&utm_content=52878&fbclid=IwAR3kwzQUeR8f8Zt6-wJCr-YT87fmhZ2T545ia2SPielXDHRLk3xu1jpESSo_aem_AW6W9TkvpIutht_-MWTOCL9utm0_HKpdKZpEVrtvEWIdz28XR6pUKclBEi5Xuy_U0wHv1ummN3zhUHg_Iz2_mnSv https://www.morningstar.com/portfolios/5-steps-spring-cleaning-your-investment-portfolio?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_morningdigest&utm_content=52906&fbclid=IwAR2KoLcTdPgFufG8KR6hHPht_YBR1w_A0QddpOhfEan6s_MGM_tonqAnGfQ_aem_AW60aFK7BGZDV1iWgz-k_qfPuYlI858sFJ8WfsEOjHQ64Ibn0lHPnTTei-1GcuiBBgvX91swbCNORWP0OENv3taM https://www.dimensional.com/us-en/insights/cost-of-capital-a-gut-check-on-high-flying-stock-returns?fbclid=IwAR27IgKAZl2lvJaBH1Wah2om0Q2XOdQ0cA_b5ASWymgAJjRHFaQ2ZPKQ6e0_aem_AW6_wDxm3oq6eeWL_tV3bYuD7dULpZSYoRdPvENAXkI3Q3rlo0-ZT_XhUBQRbUug-uOe0YnJbITfTpyfTpZlFyyp

2.23.24 Money Not Math interview with Tevin Moreno – Moreno Dental Services. Money Not Math 152. Did you know Tevin drove a bus to his first year of college and started his own practice/business straight out of college? Listen to this awesome interview to learn more about Tevin, his impressive path to becoming a dentist, and the lessons he has learned along the way. I left more impressed than expected and think you will too. Plus, there are some tremendous pieces of advice shared so it's well worth the listen. Also, he may have a job opportunity for you. Help support his business and share his story by sharing and liking this video or podcast plus comment if you have questions or requests for future Money Not Mat conversations. You can reach Tevin at Dougl240@umn.edu Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. #MoneyNotMath #Dentist #Money #BusinessPlanning #FinancialPlanning #RetirementPlanning #wealth #GrowthMindset #resilience #HardWork

Topics discussed= Missing out by not talking finance? The Next BlackBerry? Are ‘Higher for Longer' Interest Rates Back? The difference between Want and Need! Weekly Money Not Math Coffee Talks are an informal way for me to have conversations and answer questions to people even if they aren't my clients for free. You are welcome to join the Facebook live to talk or stop by my office for some free coffee. There is no pressure to work with me or become my client by stopping by in person or online. I look forward to some great conversations and hope you have a great day. I love to help people have more confidence in their financial future. It is my mission to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to only having 100 or less active clients at all times that I have a fiduciary responsibility for. Here's the link to the Facebook Event page in case you want to join live in the future, https://fb.me/e/bkt6Tqabq Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. #MoneyNotMath #Money #5StoneFinancialGroup #EmptyNesters #RetirementPlanning #Investing

“Roger Federer's impact on the sport is maybe more than any man before him. His trademark style took the sport by storm and changed the way younger players approached it, essentially laying the groundwork for the next two decades of tennis. Beyond that even, his impact on the world of sport is clear for all to see and his position as a role model has never been questioned. Roger Federer is undoubtably the greatest tennis player of all time, but he may even be in the argument for the greatest athlete of all time as well.”- https://www.worldtennismagazine.com/archives/21793#:~:text=Beyond%20that%20even%2C%20his%20impact,of%20all%20time%20as%20well. What can that teach us about investing? Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. All these numbers are rounded for simplicity. Data sourced from "Probability of Positive Returns"- Dimensional.com and ultimatetennisstatistics.com. Past performance is no guarantee of future results. Please reach out with questions, comments, or requests for future topics. #MoneyNotMath #Money #Retirement #RetirementPlanning #EmptyNesters #5StoneFinancialGroup #Investing #Tennis #RogerFederer #GOAT

2.7.24 Live Money Not Math free Coffee Talk recording How Small, Consistent Actions Can Pay Off BIG in Finance & Life https://financeinsights.net/KXVwTdjwPh06aK7SQEj4XHVZn7M?email=drew%405stonefinancial.com&fbclid=IwAR1N7gvKurlDwWOqraMzlIxc-DxnkkLjRgOfOw12Cf1A8MFbcSJoKod1O6k Uncertainty is Underrated https://www.dimensional.com/us-en/insights/uncertainty-is-underrated Weekly Money Not Math Coffee Talks are an informal way for me to have conversations and answer questions to people even if they aren't my clients for free. You are welcome to join the Facebook live to talk or stop by my office for some free coffee. There is no pressure to work with me or become my client by stopping by in person or online. I look forward to some great conversations and hope you have a great day. I love to help people have more confidence in their financial future. It is my mission to provide the highest quality advice and service possible to my clients. Therefore, I limit myself to only having 100 or less active clients at all times that I have a fiduciary responsibility for. Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. #MoneyNotMath #Money #Retirement #RetirementPlanning #5StoneFinancialGroup #action #success #investing #uncertainty

Thank you for your time! Money Not Math 150 Thank you to everyone who has taken the time to watch my videos, listen to my podcasts, and follow my pages. I am extremely grateful for the opportunity to help others improve their financial future. I hope these episodes have brought you value and will bring even more in the future. Below is a list of the most watched or listened to episodes I have had so far for you to check out. Please comment with requests for future Money Not Math topics or questions you have about your retirement planning. I am also excited about feedback you have on changes I can make to improve the quality of my content. Which Episode is your favorite and why??? Please comment to let me know (it doesn't have to be one of the ones listed below) Most popular videos on YouTube. Congress wants to change how you save for retirement. Money Not Math 124 (7.8k views!) https://youtu.be/1c62Jjw1_CE?si=k_ol_z0oyggMnuwy How to Calculate Roth 401(k) Withholding. Money Not Math 62. https://youtu.be/QYePHhUgUbs?si=bq3bVSFZCIDte90l I am Maxing out my 401k, Now What? Money Not Math Client Success Story 2 https://youtu.be/959kIgQDD7k?si=CiZe8Q6mwjRlzn8C Most popular Podcasts. What is the red stuff in steak? Money Not Math 128 https://podcasters.spotify.com/pod/show/drew-erickson7/episodes/What-is-the-red-stuff-in-steak--Money-Not-Math-128-e1u0km3 What is the BEST way to Grill Steak? Money Not Math 129 https://podcasters.spotify.com/pod/show/drew-erickson7/episodes/What-is-the-BEST-way-to-Grill-Steak--Money-Not-Math-129-e1uc6p5 The CARES Act allows workers to borrow up to $100,000 from their 401(k) and what you need to know about 401(k) loans before you take one. Money Not Math 64 https://podcasters.spotify.com/pod/show/drew-erickson7/episodes/The-CARES-Act-allows-workers-to-borrow-up-to-100-000-from-their-401k-and-what-you-need-to-know-about-401k-loans-before-you-take-one--Money-Not-Math-64-ecfii4 On the flip side, here are my least popular episodes so far… it's amazing how sometimes what I think will be my best content falls flat on its face. Least popular YouTube video (only 1 view… ouch) Would you intentionally golf with only a driver and a putter? Money Not Math 65 https://youtu.be/-MTm3pAiBXw?si=_WbBnWPNN1tAYV2r Least popular podcasts (there was a tie with only 1 listen… OUCH) I am Maxing out my 401k, Now What? Money Not Math Client Success Story 2 (Ironic considering it's one of the most popular videos) https://podcasters.spotify.com/pod/show/drew-erickson7/episodes/I-am-Maxing-out-my-401k--Now-What--Money-Not-Math-Client-Success-Story-2-e2e60ij Want to Lose Your Money? Listen to Millionaires. Money Not Math 149 https://podcasters.spotify.com/pod/show/drew-erickson7/episodes/Want-to-Lose-Your-Money--Listen-to-Millionaires--Money-Not-Math-149-e2ech0t Thank you again for your time and I hope you have a great day. Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. #MoneyNotMath #Money #EmptyNesters #Retirement #RetirementPlanning #5StoneFinancialGroup #Congress #Roth #401k #success #steak #CARES #401kLoan #golf

Along with anybody else who attempts to forecast the investment future. Most who try to predict the market fail more often than not. Problem #1: Recency Bias Problem #2: Group Think Problem #3: Wishful Thinking Why Bother? “Why Investors Might Think Twice About Chasing the Biggest Stocks. As companies grow into some of the largest firms, the returns that push them there can be impressive. But not long after joining the Top 10 biggest by market cap, these stocks, on average, lagged the market.” – Dimensional.com #MoneyNotMath #5StoneFinancialGroup #EmptyNesters #RetirementPlanning #Retirement #Money #Millionair #Investment #predict #market #StockMarket #RecencyBias #GroupThink #Wishful #Thinking Article referenced: https://www.morningstar.com/markets/how-get-poor-listen-millionaires?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_morningdigest&utm_content=50853

I am Maxing out my 401k, Now What? Money Not Math Client Success Story 2 I love to help people have more confidence in their future and it is my mission to provide the highest quality advice and service possible to my clients. To accomplish this, I limit myself to having 100 active clients or less that I have a fiduciary responsibility to at all times. One way I hope to provide value to good people is to periodically write a client success story. So that no matter what is troubling you today, you can see there is light at the end of the tunnel, and it is possible to improve your financial future. After I gave a retirement planning presentation to a group a few years ago. A 35-year-old doctor from the group reached out to me afterwards and basically said, “I am maxing out my 401k, HSA, and IRA, now what?” So, we scheduled a meeting to discuss their current planning and determine if it might make sense for us to work together. In that meeting I found out a few key pieces of information about this person that would impact their planning. They were motivated to be a good steward of their money so they could help others, they wanted to travel, and they wanted to retire as early as possible so they could go on mission trips and volunteer to help those in need across the world. This was great news and a problem at the same time. It was great news because this was obviously an incredible human that cares about others that I would enjoy working with. But the problem was, like many people, their life aspirations and current savings strategies did not align and were not working together. They were maxing out their 401k, IRA, and HSA. Which is an impressive display of discipline and saving for their future. However, the problem is their primary goals in life were to help others, travel, and retire as soon as possible which means they would need access to their money and liquidity before they are 59.5 years old. Unfortunately, their max contributions to their 401k and IRA would not be completely liquid without penalty or taxes until they were 59.5. Plus, they had no current medical issues or expenses so even though their HSA savings would be valuable in the future, they were not overly impactful when it came to achieving their shorter-term goals. Therefore, a majority of their current savings were not going to help them achieve their goals and they did not have any strategies in place to help them achieve their goals. They decided they wanted to work together so we got to work reviewing savings strategies and options for them to consider that would help them achieve their goals by growing their wealth while staying liquid or accessible when they wanted. Since that time, they continued saving into their 401k, IRA, and HSA while also adding two additional tools to their strategy that will grow, balance their exposure to the market, and stay accessible for them to use to help others, travel, and retire as soon as possible rather than waiting until they are 59.5 years old. Plus, they also completed their estate planning, and we continue to meet once or twice a year to maintain and update their planning. Thank you and I hope you have a wonderful day, Drew Erickson Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. Please reach out if you have questions or would like to discuss any of the details mentioned in this client's story. Out of respect to the clients, I kept names and specific details out of this story while leaving enough information to hopefully provide value. This story would not have been written without the consent of my clients about whom it is written. And as always, everything my clients do with me is confidential at all times and is not shared with any of my other clients or people I know without their consent.

Your 2024 Tax Fact Sheet and Important Dates. Money Not Math 148 2024 Important Tax Facts for All Taxpayers. Do you know the difference between your marginal and effective income tax rate? 2024 Important Tax Facts for Investors. Is it better for you to pay income or capital gains tax rates? 2024: Important Tax Dates to Remember • Jan. 1: New IRA, retirement plan, and HSA contribution and income limits go into effect for the 2024 tax year, as listed above. • Jan. 16: Estimated tax payments due for the fourth quarter of 2023. • April 15: 2023 individual tax returns due, last day to contribute to IRA and SA for 2023. • June 17: Estimated tax payments due for the second quarter of 2024. • Sept. 16: Estimated tax payments due for the third quarter of 2024. • Oct. 15: Individual tax returns due for taxpayers who received a six-month extension on their 2023 returns. • Dec. 31: Retirees age 73 and older must take required minimum distributions from traditional IRAs and 401(k)s; those RMDs are based on their balances at the end of 2023. Last date to make contributions to company retirement plans (401(k), 403(b), 457) for the 2024 tax year. Article referenced, https://www.morningstar.com/personal-finance/your-2023-tax-fact-sheet-calendar?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_morningdigest&utm_content=50748 Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation.

Priorities and timing are everything. Money Not Math 147 with Joe Hedrick - TRF Airport Manager Listen to this Money Not Math conversation to learn more about Joe, how the airport works, and the lessons Joe has learned running this $1,000,000 per year business. What brought Joe to TRF and how did he become the manager of the TRF airport? From compliance to snowplowing to shaking hands with the governor… you may be amazed by all that goes into Joe's job! Did you know the TRF airport has doubled how many people fly out of TRF and quadrupled the cargo that's shipped? Check this episode out to hear the exciting developments coming to the airport next! Did I hear a DELTA in there? What is the greatest financial lesson Joe has learned? Joe's greatest piece of advice is… What is Joe's definition of being successful? Consistency or Fairness, Positive Mindset, Sober Optimism, Passion, and Pragmatism are some great core values. Is your glass half full or half empty? Thank you for supporting the airport! #MoneyNotMath #Money #retirement #RetirementPlanning #revenue #GrowthMindset #time #priorties #FinancialBurden #taxes #TaxLevy #PositiveMindset #advocate #rotary

I love to help people have more confidence in their future and it is my mission to provide the highest quality advice and service possible to my clients. To accomplish this, I limit myself to having 100 active clients or less that I have a fiduciary responsibility to at all times. Rather than trying to sell as many hot dogs (or products) to as I can to as many people possible even if they do not need or want them. One way I hope to provide value to good people, whether they are my clients or not, is to periodically write a client success story. So that no matter what is troubling you today, you can see there is light at the end of the tunnel, and it is possible to improve your financial future. Nine years ago, back in 2014, I met with a couple for the first time. During that meeting they expressed to me their number one financial planning goal was to retire comfortably in their early to mid-60s. However, due to a pile of credit card and student loan debt plus not having a plan they were not sure if they would ever be able to retire much less in their 60s. In that meeting they almost shrugged off the idea of ever retiring due to their situation looking so bleak and said, “we don't want to be a prisoner to what we owe to our debt.” These clients were familiar with the financial industry and had even met with “financial planners” in the past. However, due to life getting busy with work and raising their kids plus the “financial planners” never calling them again after selling them a product. Their financial plan and confidence to retire went by the wayside. To avoid leaving them with products and strategies they would not remember how to use in the years to come and to improve our ability to reach their financial and retirement goals. We agreed in our first meeting to have at least one annual review and one check-in call per year minimum. Over the next nine years we worked together on their investments and 401k planning, budgeting, insurance protection, and debt reduction goals together. With our ability as an independent company that can use the strategies, we believe fit our clients best and shop around to almost any company we want for investments, insurance, structured notes, and annuity options. We were able to bring them from wondering “if they would ever be able to retire and stop being a prisoner to their debt” to choosing when and where they want to retire. To go from wondering if they will have to work until the day they die, to choosing where in the country they want to live and what they want to live in throughout the different seasons of the year. All with a healthy portion of their retirement portfolio paying them guaranteed income for life that they cannot outlive. Plus, a healthy portion of their retirement portfolio allocated to fight inflation and be available for their legacy to their family and/or charity. Giving them the confidence, they hoped for to retire when they wanted to, how they wanted to, and where they wanted to when we met nine years ago. Money does not buy happiness. However, when used correctly and with discipline, it can be an amazing tool to help us build the lives we dream of and have ... Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. Please reach out if you have questions or would like to discuss any of the details mentioned in this client's story. Out of respect to the clients, I kept names and specific details out of this story while leaving enough information to hopefully provide value. This story would not have been written without the consent of my clients whom it I written about. And as always, everything my clients do with me is confidential at all times and is not shared with any of my other clients or people I know without their consent. #MoneyNotMath #money #retirement #RetirementPlanning #Integrity #Learning #Generosity #Relationships #Legacy #Gratitude

Tough Times Can Lead to Amazing Opportunities. Money Not Math 146 with John Ensley   How a failed business plan and everything falling apart led to a new business opportunity for an avid sailor. Build the lifestyle you want for your future.   How the journey of self-discovery led to the value John provides his clients= Freedom, Adventure, and Service. Are you making choices because you want to make them or because you have to?   What it looks like to be a life insurance product-centric planning company. What are your thoughts on insurance and index strategies? Do you think insurance and investments should be integrated into a financial plan or should your advisor(s) just focus on one or the other?   John believes in safety, control, and passive income. Do you agree?   It's all about getting or doing what's best for the client regardless of what it's called and how we get paid. Not trying to figure out what we can sell the client. Matching the right tool to the right approach is essential.   How and Why did John start his financial planning business? Gaining attention, resilience, passion, and value!   What is the best financial lesson John has ever learned? Financial Education (but be careful of marketing messages)!   What is the one piece of financial advice John would give to everyone? DO SOMETHING! TAKE ACTION!   What is John's definition of being successful? What does it take to be happy?   To contact John or learn more about him go to jumponwithjohn.com     #MoneyNotMath #5StoneFinancialGroup #retirement #RetirementPlanning #FinancialPlanning #gratitude #SelfDevelopment #happy #freedom #adventure #service #resilience #passion #value #marketing Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation.

What is a Backdoor Roth IRA and how should I set it up? Money Not Math 145 When should you avoid this strategy? What makes a backdoor Roth IRA Different? Do you pay taxes on backdoor Roth IRAs? Are backdoor Roth IRAs worth it? How much can I contribute? What are alternatives to backdoor Roth IRAs? Article referenced, https://investor.vanguard.com/investor-resources-education/article/how-to-set-up-backdoor-ira#:~:text=Backdoor%20Roth%20IRA%20income%20limits&text=The%20phaseout%20occurs%20between%20%24138%2C000,for%20joint%20filers%20in%202023. #MoneyNotMath #5StoneFinancialGroup #DavidVsGoliath #Retirement #RetirementPlanning #BackdoorRothIRA #RothIRA #IRA #Roth #Taxes #Investing Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation.

What would a recession mean for stock returns? Money Not Math 144 Recession concerns have been a fixture in the news lately and pretty much always are because it's easier to sell ads with negativity rather than optimism. Investors should be aware that recession announcements are backward-looking compared to the markets that are forward-looking. In fact, recessions are often announced after the market is already on the path to recovering. Did you know the 3-year average return of the S&P500 is better after a recession has started? Watch the video or listen to the podcast for data from 1947 and an example from 2008. I believe investors who ignore headlines and stick to a long-term plan built for them are better positioned for success. #MoneyNotMath #Money #Retirement #RetirementPlanning #5StoneFinancialGroup #Recession #stocks #StockReturns #optimism #investors Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation.

Secure Act 1.0 adds new considerations for spouse beneficiaries. The spouse beneficiary is among the few eligible to take RMDs from inherited accounts over their life expectancy rather than within 10 years. Three options available= 1) Beneficiary IRA 2) Treat-as-own 3) Rollover to their own. Choosing the Right options: “Ultimately, which option is right for a spouse beneficiary depends on their beneficiary profile, including whether they need to avoid the 10% additional tax and/or minimize distributions.” – Denise Appleby Article referenced: “What is the Right Option for a Spouse IRA Beneficiary?” https://www.morningstar.com/financial-advice/what-is-right-option-spouse-ira-beneficiary Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. #MoneyNotMath #Money #Retirement #Beneficiaries #taxes #MemorialDay #Remember #SecureAct

“The Cost of Claiming Social Security Before Full Retirement Age… The median loss from early claiming in the present value of household lifetime discretionary spending was a whopping $182,370.” “Why aren't more people delaying social security claims? In 2021, 31% of retired worker claims were made by people age 62…” “What Raising the Full Retirement Age Would Mean for Younger Workers… Every 12-month increase in the FRA roughly equates to a 6.5% cut in benefits.” “The bottom line for today's younger workers: If you hear a politician talking about a plan to “save” Social Security by cutting benefits, grab your wallet.” Article quoted, “Would Raising the Full Retirement Age Really Save Social Security?” by Mark Miller https://www.morningstar.com/articles/1149457/would-raising-the-full-retirement-age-really-save-social-security?utm_source=eloqua&utm_medium=email&utm_campaign=newsletter_morningdigest&utm_content=44041 Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. #MoneyNotMath #Money #Retirement #RetirementPlanning #5StoneFinancialGroup #SocialSecurity #benefits

How to Invest Better and Live Better. Money Not Math 141 Referencing the 2023-Dimensional Matrix Book. David Booth, Founder and Chairman of Dimensional. - “Having a good investment experience is about more than returns. What matters just as much—maybe even more—is how people feel along their financial journey.” The Power of Compounding by Stacey Winning, Chief Talent Officer Control What You Can by Bryce Skaff, Co-Head of Global Client Group. “On that fateful day, I controlled what I could by staying calm, trusting my body, and letting the doctors do their job. The experience was a reminder of how preparation, discipline, and quality professional guidance can help us weather any storm. “ Planning over Prediction By Savina Rizova, Global head of Research Uncertainty and Opportunity by Brad Steiman, Head of Wealth Management Group, Canada “Life's setbacks are rarely as bad as you fear. Stay focused on the important things. The rest will come.” The Value in Flexiblity by Bhanu Singh, CEO, Australia; Head of Asia Pacific Portfolio Management. Disclaimer, past performance is not a guarantee of future results. Indices are not available for direct investment; therefore, their performance does not reflect the expenses associated with the management of an actual portfolio. This is an example for conceptual learning around the power of Compounding only. This content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. #MoneyNotMath #Money #5StoneFinancialGroup #Retirement #investing #wealth #enjoy #compounding #control #planning #prediction #uncertainty #opportunity #flexibility #invest #live #better

1 in 4 Americans filled out an NCAA basketball bracket. Add in all the other sports and that's a lot of Americans guessing on the outcome of sports they can't control. Picking winners is hard! An informed approach improves your odds. Good luck and good strategy are not the same thing. The thrill of participating in a playoff bracket or pool. You get a fresh start in a playoff bracket each year. Unfortunately, bad decisions this year can stick with you for several years when investing. While there are certainly similarities between March Madness or other brackets and investing. It's crucial to understand the key differences. The Pain of Discipline is less than the Pain of Regret! Article referenced: “Hoop Dreaming Is Fun in March. Investing Realities Apply across a Lifetime.” By David Booth Chairman and Founder of Dimensional. #MoneyNotMath #Money #5StoneFinancialGroup #Retirement #RetirementPlanning #Investing #strategy #discipline Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation.

When Headlines Worry You, Bank on Investment Principles. Money Not Math 139   While every investor's plan is a bit different, ignoring headlines and focusing on the following investment principles may help you avoid making shortsighted missteps that could cost you.   1)     Uncertainty is unavoidable. 2)     Market Timing is Futile. 3)     “Diversification is your buddy.” – Nobel laureate Merton Miller “When the unexpected happens, many investors feel like they should be doing something with their portfolios. Often, headlines and pundits stoke these sentiments with predictions of more doom and gloom. For the long-term investor, however, planning for what can happen is far more powerful than trying to predict what will happen.” – Article referenced: When Headlines Worry You, Bank on Investment Principles by Dimensional. 4)     Build your War Chest.   Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. #MoneyNotMath #5StoneFinancialGroup #Money #Retirement #RetirementPlanning #Investment #uncertainty #Market #MarketTiming #Diversification #Warchest

What does it feel like to make over 9% annualized return on your money? Money Not Math 138   If you had a $300,000 on 3/1/18, here's what that looked like next 5 years: 3/1/18: $300,000 3/1/19: $317,265 (Annualized S&P 500 Return with Dividends Reinvested= 5.755%) 3/1/20: $305,923 (-3.575%) 3/1/21: $458,951 (50.022%) 3/1/22: $522,364 (13.817%) 3/1/23: $472,119 (-9.619%)   Here's what that felt like: 3/1/19