Podcasts about moneyguidepro

They say you shouldn't sweat the small stuff, but that doesn't mean you can ignore the big stuff, either. When it comes to finances, and especially investing, it's important to get the big moves right. Mark Biller joins us today to go over the things that need special attention.Mark Biller is Executive Editor and Senior Portfolio Manager at Sound Mind Investing, an underwriter of Faith & Finance. Today, we'll cover some key takeaways from Sound Mind Investing's recent article, Getting the Big Moves Right, which explores seven critical investment decisions that can make or break your financial future.1. Have a Clear Investing PlanAs the old saying goes from the Cheshire Cat from Alice in Wonderland, "If you don't know where you're going, it doesn't matter which way you go." A successful investment strategy starts with a plan—one that outlines:Your target retirement dateThe amount you hope to have saved by that dateThe steps needed to achieve that goalWithout an investment plan, it's easy to drift or make hasty decisions based on emotions or short-term market fluctuations.2. Commit to Investing ConsistentlyOne of the most significant factors in successful investing is how much you invest each month. While everyone's situation differs, investing 10–15% of your monthly income during your working years is a general rule of thumb.Your age, retirement timeline, and savings goals will influence this percentage, but the key is to make investing a consistent habit—not something you do only when you have extra cash.3. Get Your Asset Allocation RightThere's no such thing as a “perfect portfolio” that always wins in the market. Instead of chasing returns, focus on the right mix of investments for your:Time horizon (how long you have until retirement)Risk tolerance (your ability to withstand market fluctuations)At SMI (Sound Mind Investing), their members start with a risk tolerance quiz to determine the best balance between stocks and bonds. A well-diversified portfolio ensures that when one part of the market struggles, another part can provide stability.4. Choose Investments WiselyMany investors fall into the trap of buying stocks or funds based on hype or following the latest market trend. Instead, focus on:Process-driven investment strategies that guide decisions based on long-term goalsDiversification across asset classes to minimize riskAvoiding emotional investing based on fear or excitementRather than constantly adjusting your portfolio based on short-term news, stick to a disciplined investment approach that aligns with your financial plan.5. Measure Success with the Right BenchmarkToo many investors compare their portfolios to popular stock indexes like the S&P 500, but this can be misleading.If your portfolio contains more than just large U.S. stocks, using the S&P 500 as your benchmark may lead to unrealistic expectations. Instead, measure success based on:Your personal financial goalsThe average return needed to achieve those goalsIn other words, success isn't about “beating the market”—it's about making steady progress toward your investment objectives.6. Limit How Often You Check Your InvestmentsOne of the biggest emotional traps investors fall into is checking their portfolios too frequently.Daily monitoring can lead to panic-driven decisionsOvertrading increases costs and reduces long-term gainsMarket fluctuations are expected, and checking too often can create unnecessary stressAt SMI (Sound Mind Investing), they recommend checking investments monthly—or even quarterly—to maintain a long-term perspective.7. Stay Committed for the Long HaulMany investors struggle with "grass-is-greener" syndrome, constantly switching:Investment strategiesFinancial advisorsIndividual stocks and fundsWhile there are appropriate times to make changes, they happen far less frequently than most investors think. Choose your investment strategy carefully, then stick with it—even when market conditions fluctuate.What to Let Go of for Investment SuccessOnce you've nailed the big investment moves, free yourself from these distractions:Daily Market News—Most headlines are designed to create fear or hype, not provide useful long-term advice. The “What-If” Game—Don't waste time thinking about missed opportunities—focus on future decisions. Portfolio Micro-Management—Diversification means some investments will perform better than others at different times. Stay patient and trust your strategy.Investing isn't about perfection—it's about faithfulness and consistency. Here's how to ensure long-term success:Create an investment planStick to your strategyCommit to steady investingMonitor progress with the right benchmarksLimit emotional reactions to market noiseThe key to financial freedom isn't found in chasing quick gains—it's in making faithful, long-term decisions that align with wise stewardship principles. Above all, trust God as your ultimate provider. Investing is a tool for wise financial stewardship, but our true security is in Him—not in our portfolio's performance.To dive deeper into today's discussion, check out the full article Getting the Big Moves Right at SoundMindInvesting.org. Want personalized guidance? SMI (Sound Mind Investing) offers tools like the risk tolerance quiz and MoneyGuidePro to help investors stay on track.On Today's Program, Rob Answers Listener Questions:I have a $410,000 universal life insurance policy that I opened in 2020. I now have $30,000 in cash value built up. My children are grown and independent. What would be the best way for me to move that $30,000 somewhere else?My dad is starting to retire and has equity in his home. Would it be a good idea for him to take out a reverse mortgage to pay off his significant credit card debt so he can live comfortably in retirement? He still has a mortgage on the home.Resources Mentioned:Faithful Steward: FaithFi's New Quarterly MagazineGetting the Big Moves Right (Sound Mind Investing Article)Sound Mind Investing (SMI)Movement MortgageWisdom Over Wealth: 12 Lessons from Ecclesiastes on Money (Pre-Order)Look At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

People tend to get caught up in numbers when planning their finances and lose sight of what's important. However, the goal of true wealth management is not just to have a plan but to have one based on values, priorities, and goals. It's about aligning your money with your values so that your finances reflect what's important to you. In this episode, Steve talks with Michael Thompson. Michael is the Senior Wealth Advisor at Copper Leaf Financial with more than 25 years of experience helping clients achieve their financial goals. Also serving as a partner at Copper Leaf Financial, Michael is the steward and director of the planning process, driving strategy, bringing together expertise, and delivering true, comprehensive planning and wealth management. Michael's areas of expertise are evidence-based and sustainable investing, retiree transitions, and complex estate and philanthropic planning.  Michael talks with Steve about how he partnered with a 35-year-old CPA firm to help them take the next step in helping their clients get what they call true wealth management, their planning process, and how his past career prepared him to take on the challenge of launching Copper Leaf Financial to reach the success they've had to date.   Key Takeaways [01:42] - An overview of how Copper Leaf Financial serves its clients.  [03:32] - The reasons behind Copper Leaf Financial's founding. [07:35] - What made Michael the right person to launch Copper Leaf Financial. [13:20] - What true wealth management means. [15:02] - The challenges of partnering with an already successful accounting firm. [18:34] - What it's like to be a CPA and wealth manager. [20:21] - How Michael and his team run their CPA and wealth management firm. [22:49] - What the deliverables of a CPA and financial planning firm look like. [26:09] - How Michael integrated eMoney and MoneyGuidePro into their business process. [27:25] - Copper Leaf Financial's onboarding process. [33:24] - How Michael stays on top of the wealth management industry.   Quotes [08:26] - "I grew up in a world where financial planning is all about not just having a plan but implementing and managing that plan through time." ~ Michael Thompson [14:15] - "True wealth management is about aligning the money to live the life people want and helping them achieve that level of fulfillment and contentment." ~ Michael Thompson [29:52] - "We never get pushback anymore. I always tell people that if there's a pushback, it's in our brain or the advisor's brain and not the client's brain. If we tell clients the reason we charge, that makes sense for clients and certainly makes sense for us." ~ Michael Thompson   Links  Michael Thompson on LinkedIn Copper Leaf Financial John Davis Bret Hodgdon Davis & Hodgdon CPAs Brian Portnoy MoneyGuidePro eMoney Advisor   Connect with our hosts Steve on LinkedIn Buckingham Strategic Partners   Subscribe and stay in touch Apple Podcasts Spotify Steve on LinkedIn Follow Buckingham Strategic Partners  on Twitter   Disclosure For informational and educational purposes only and should not be construed as specific investment, accounting, legal, or tax advice. Certain information is based upon third-party data which may become outdated or otherwise superseded without notice. Third-party information is deemed to be reliable, but its accuracy and completeness cannot be guaranteed. Some analysis presented is based off current economic information and may become outdated or irrelevant without notice. Individuals should speak with their qualified financial professionals based on his or her unique circumstances. Neither the Securities and Exchange Commission (SEC) nor any other federal or state agency have approved, determined the accuracy, or confirmed the adequacy of this podcast. © 2022 Buckingham Wealth Partners, LLC. Buckingham Strategic Wealth, LLC and Buckingham Strategic Partners, LLC (collectively, Buckingham Wealth Partners)

RightCapital or MoneyGuideProWhy BayRock switched to RightCapital from MoneyGuidePro.RightCapital has (almost) everything MoneyGuidePro has and RightCapital has a few features that MoneyGuidePro is missing. BothRightCapital and MoneyGuidePro are fantastic tools for Financial Planning, for Certified Financial Planner™ Professionals, and for clients managing wealth. So, why did I switch to RightCapital from MoneyGuidePro?Why Buy RightCapitalRightCapital helps BayRock Deliver Smarter Strategies and Better Results. As a CFP® Professional, I needed solutions, not obstacles. While MoneyGuidePro was a great tool, the version we used at Morgan Stanley was bogged down with all kinds of added junk required by the Big Bank on Wall Street. When I became and Independent Fidcuciary, I wanted my company - BayRock Financial - to have the best tools in the wealth management business. I absolutely believe that and that every family needs and deserves a quality financial plan. RightCapital off the shelf allows me to deliver Smarter Strategies and Better Results - at a lower cost than MoneyGuidePro. RightCapital Offers:A lower cost of ownership. MoneyGuidePro requires add-on fees for account aggregations, business intelligence, and client marketing materials, which are all included in RightCapital Premium. A simple 6-step client onboarding. RightCapital doesn't require extensive data entry to get started. Just enter the basic financial data you need for a specific analysis such as retirement, insurance needs, or social security optimization. Goal-based AND cash flow-based planning options. Toggle between either goal- or cash flow-based planning approach depending on your client's needs or your preference. Watch Video

What is the “real value” that financial advisors deliver and that clients are willing to pay for? The value delivered by financial advisors has morphed over time. Decades ago, it was picking stocks and facilitating transactions. Then asset allocation and money management came into vogue. In the past 15 years, financial planning has become popular in parallel with the rise of financial planning software such as MoneyGuidePro, eMoney, and NaviPlan. Underlying this has been the accelerating pace of technology change as smartphones make the non-behavioral aspects of saving and managing money as simple as a few screen taps. Today, average financial advisors who remain wedded to the way they've been doing business will soon find themselves perfectly suited for a world that no longer exists. They'll be chased out of business by prospects who never became clients, by clients who left to work with advisors better-suited to their evolving needs. Just like smartphones replaced laptops, and laptops replaced desktops, the value delivered by financial advisors is shifting from being “all about the money” to a focus on helping clients align their money behavior with their life satisfaction. In this world, money is simply a tool. And the advisor's role is to smartly manage the money and collaboratively guide the client's behavior so they can live their best life possible with the money they have. In this world, advisors who remain focused on the “mechanics” of money will be replaced by advisors who focus on the “alignment” of money.

This blog, video, and podcast are about financial planning software that can help determine how much you need to retire, how much you can spend in retirement, will you have enough for long term care or would insurance be better, etc. See our Video Here. We have been doing retirement calculations with spreadsheets – and decided this year to subscribe to a service to give us another way to look at retirement and spending with clients. This makes the client experience consistent and quality financial plans possible on a large scale. It increases your efficiency and enables you to add value to the planning process based on your experience, knowledge and relationship. simplify client driven data gathering. Select a conversation and send a link to your client for them to input their data. This streamlined process gets needed information directly into the plan. Also explore clients' expectations, concerns and goals to drive your advice and enhance the quality of your financial plan. Health care costs are one of your clients' largest expenses in retirement. Our Health Care Smart Goal calculates Medicare Part B, Part D, Out of Pocket Expenses and Medigap specific to your client's modified adjusted gross income. The health care expense schedule also provides real future health care costs. This feature auto calculates multiple social security options to help identify the strategy that makes the most sense for your client. First year income, lifetime income, break-even points and plan probabilities of success will help educate your client. The selected strategy will then be incorporated into the financial plan. Explore loss tolerance and longevity in the risk feature. Couples can input separate loss tolerances and define an agreeable household number. Their sanity check allows your clients' to evaluate their response to losses. The Risk / Return output allows clients to determine if they are comfortable with their plan. Four ways to solve your clients' financial plan: Choices, Play Zone®, What If and SuperSolve®. Each of these options allows you and your client to vary elements of their financial plan that gets them into their Confidence Zone. From logical tradeoffs, to focusing on wishes and desired retirement age, this feature helps you provide advice for your client to achieve their retirement goals. Play Zone® allows the client to adjust variables they can control, such as retirement age and lifestyle, see their impact and understand tradeoffs necessary to achieve their goals. Put the mouse in your clients' hands and allow them to experience the impact of different retirement scenarios. What Are You Afraid Of focuses on plan variables that your client cannot control. It allows them to see the impact of market or social security changes, inflation, plan returns, long-term care needs, and other unexpected costs. Concerns identified through this feature are highlighted in the Discovery Process, reminding you to address them The Client Planning Portal helps clients focus on what's most important and whether their plan is still on track. The Probability of Success Meter reminds clients of their current plan results and measures their confidence in achieving their goals.

Nearly two million financial plans were created in the last year using MoneyGuidePro®. The two individuals who are charged with overseeing the success of the acquisition of PIEtech®, the parent company of MoneyGuidePro®, discuss what that means for their clients.

Family Wealth Builder of Houston has decided to do something we've never done before. We're calling it Family Wealth Bootcamp, and we’re promoting it with  a Year Long Giveaway. That's right, we're going to be giving away an entire year of Family Wealth Bootcamp complete with tips, tools, and strategies. We’re giving away an all inclusive Premium Membership valued at $2500 — for free. But wait, it gets even better! Just by entering the drawing you'll get immediate access to three incredible bonuses which I'll tell you about in just a sec.    Since obviously, one of you can win our Premium Membership Package, I want to make sure you have the opportunity to enter now by signing up at FamilyWealthBootcamp.com.   So, here's how works, simply sign up at FamilyWealthBootcamp.com and you'll instantly be entered into our Family Wealth Bootcamp Year Long Giveaway where the winner will receive a 100% completely free year of our premium membership package valued at over $2500 — plus, when you sign up right now, you'll instantly receive these 4 incredible bonuses.    Family Wealth Bootcamp will get you started for a $6 investment. We offer no money back guarantee. All sales are final.   This is a special limited offer open to the next 100 people who sign up at FamilyWealthBootcamp.com   For 6 Bucks, you get this Big Bonus Bundle which includes:   Bonus #1: Special Limited Hard Cover Edition of Jim’s Book Make Your Money Count for Individual Investors, or What Matters Most for Financial Advisors   Bonus #2: The Blueprint for Financial Success, our proprietary financial planning tool for individual investors, families, and business owners. (Also our signature training tool for Financial Advisors).    Bonus #3:  Private Planning Portal We believe every family deserves a quality financial plan, and every plan starts with The Blueprint for Financial Success. The Private Planning Portal is provided by our Technology partner Pie Tech, makers of MoneyGuidePro, our financial planning tool of choice.   Bonus #4: RiskAlyze Investment management is an important part of every financial plan. Managing risk and opportunity is made easy with RiskAlyze. You’ll start with your Risk Number and then we’ll help you align your investments with your own Risk level so that you’re always invested right. Before you complete Family Wealth Bootcamp, you’ll become a Fearless Investor.   All that for a one time investment of $6. Basically, we’re giving you everything for the shipping and handling cost of the book. Again, if you’re an individual investor, family, or business owner, Make Your Money Count is our recommended place to start. You pay the $6 and we’ll get your order out in the mail. Europe and Canada will have a higher shipping cost so if you’re outside the continental USA, send me an email and we’ll figure out the cost to send the special limited hard cover edition of the book along a full-size copy of The Blueprint for Financial Success to your front door. And, if your Financial Advisor is one of those 99.9% of Financial Advisors who sell some form of financial planning, but has never hired a financial planner and doesn’t have an actual financial plan for themselves, make sure you tell them about Family Wealth Bootcamp. What Matters Most is the book we recommend for Financial Advisors and they get the same deal. For $6 they get all of the bonuses listed above, a special limited hard cover edition of What Matters Most along with a full-sized copy of The Blueprint for Financial Success — delivered to their doorstep. Again, if you’re outside the continental USA, please email Jim@FamilyWealthBuilder.com and we’ll figure out the shipping cost.

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The post MoneyGuidePro – Retirement Planning appeared first on Fee Only Fiduciary Financial Planners, Retirement Planning, Socially Responsible Investing, Tucson & US.

The post MoneyGuidePro – Retirement Planning appeared first on Fee Only Fiduciary Financial Planners, Retirement Planning, Socially Responsible Investing, Tucson & US.

The post MoneyGuidePro – Retirement Planning appeared first on AIO Financial Advisors Fee Only Fiduciary.

If you are in the “inform” business, and not the “transform” business, you won’t be long for this business. Technology services are quickly chipping away at the value-stack financial advisors offer to clients. There may come a time when, “I turn on my phone and I say, ‘Hi, Alexa. Tell me what my bank account is today. Transfer $10,000 from Bank A to Bank B. Open a 529 plan for my kid. Then, rebalance my brokerage account.’ And tell me how I'm doing against my goal of buying this house,” said Lex Sokolin, Global Director of Fintech Strategy and Partner at Autonomous. In this near future world, you won’t need MoneyGuidePro, e-Money, or Advicent. Instead, “You have a more modern architecture, so you don't have a UI. You might have APIs that allow machines to talk to each other. Then, you can plug that into all sorts of chatbots for conversational interfaces,” said Lex. Lex isn’t describing some crazy sci-fi dystopia. Rapid advancements in AI, algorithms, chatbots and a host of other technologies is bringing planning services to your favorite digital friend faster than you may think. And if Amazon, Google or some other behemoth decides to get into our business in a big way, well, you can forget about competing by using technology as a differentiator. There is only one ultimate differentiator; it is your ability to help transform people’s lives.

On this week’s Hanson McClain’s Money Matters: Scott and Pat take a call about converting rental property income to mortgage-backed securities. They then talk to a state worker looking to retire in the next few years, who wonders if she should invest more aggressively with assets she won’t immediately need. Finally, a discussion with financial industry thought leaderleader Kevin Knull, president of PIEtech and creator of MoneyGuidePro, the industry’s leading financial planning software. If you have a question for Scott or Pat, you can call 1-888-2-HANSON (1-888-242-6766), or you can also submit a question at questions@moneymatters.comat any time to be featured on a future show. Scott Hanson and Pat McClain have been hosting Hanson McClain’s Money Matters radio show for over 20 years, and have answered questions from thousands of callers on a variety of financial topics.

How would you answer these three questions about exploring advice? What is the definition of good advice? What is the definition of a quality financial plan? What does it mean to be a fiduciary? Kevin Knull, the president of PIEtechSM, Inc., (parent company of MoneyGuidePro financial planning software) asked those three questions to an audience of financial and wealth management leaders and basically got blank stares in response. Dismayed, he decided to reach out to thought leaders and experts around the country to get their answers. He collected their thoughts and published them in a remarkable new book called, Exploring Advice: What You Need to Know About Good Financial Advice, a Quality Financial Plan and the Role of a Fiduciary. I was one of the 36 leaders who contributed a chapter to the book. In today's show, I'm joined by Kevin Knull and two other contributors to the book, Tricia Rothschild, Head of Global Advisor and Wealth Management Solutions for Morningstar, and Frank McAleer, Director, Retirement Solutions for Raymond James. We discuss these three questions and point the way toward how you can add value in an increasingly commoditized industry.

On today’s broadcast, Redtail is the beneficiary of two announcements, MoneyGuidePro releases G4, and see the latest audio and video solutions to enhance your online content So get ready, FPPad Bits and Bytes begins now! (WatchFPPad Bits and Bytes on YouTube) Today’s episode is brought to you by Kaleido, introducing their new flexible marketing services […]

I met with Bob Curtis, CEO of PIETech (providers of MoneyGuidePro software), between sessions at T3 Enterprise 2015 to dive into the details of what he discussed during his general session presentation at the conference. MoneyGuidePro conducted one of the most unconventional presentations at the T3 Enterprise Conference, inspired by sketches from Monty Python and […]