Stage 2 Planning Partners

Value Creation Blog

A Guide To Setting Up Your Bucket System

Watch this five minute video as Josh Patrick takes you through what he believes is the secret to staying invested......even when you don't want to.

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Topics: investment management

A Short Primer to Help You Stay Invested

The_Bucket_System_-_Stage_2_Planning.pngInvesting can be a tricky business. Too often you put all your money in one place. Then, when the market tanks you get nervous and change your investments around. Often, this is the worst thing that you can do at the time you make your investment changes.

For years we've been working with our clients and what we call the bucket system. I think that it just might help you stay invested when you're inclined to pull your money at the worst possible time.

To learn more read on:

Start with opening three accounts.

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Topics: investment management, Investments, bucket system

6 Questions You Need To Ask Before You Invest

Today we're going to tackle the world of investments and whether you should do it yourself or work with an investment advisor. Watch the video below and if you have thoughts, click here and let me know what you think.

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Topics: investing, Investments, investment manager

Are You Saving Enough

Here's an issue you probably are facing and you may not even know it. There's a very good chance you're not saving enough. Why don't you spend a few minutes watching this video. You'll get some great ideas on what you need to be doing to make sure you do save enough and get to retire on your terms.

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Topics: Saving for retirement

5 Warning Signs Your Financial Plan Isn’t Working

5_Warning_Signs_Your_Financial_Plan_Isnt_Working.pngToo often we go through life thinking that things are going just fine. There are warning signs along the way but we just don't pay attention to them. I'm going to bet that most of you have had this problem at least once in your life.

Here are 5 things I would like you to think about to make sure that your plan doesn't let you down.

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Topics: retirement, savings, spending

Why You Need To Know About A Cash Balance Plan

If you own a business there's a very good chance your business is not going to provide enough money for you to retire.  If you believe this (and if you don't watch the video) then you're going to need to save more outside your business in a tax advantaged manner.

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Topics: qualified plans, cash balance plan, retirement plan

The Glorious and Mysterious Secret of Goal Mapping

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Several years ago I met Brian Mayne.  He introduced me to the concept of Goal Mapping.  This is where we take a general goal, something like making your life better and putting specifics in place that help you move towards your desired outcome.

There are four parts of goal mapping.  All four are equally important.  Doing a goal map in a specific order helps improve and speed up the process.  When I start an engagement with a client I always start with a goal map.  When I combine a goal map with our alignment process we get great results. 

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Topics: goals, planning, goal mapping

You Are On That Committee….

You_Are_On_That_Committee.pngMy sister has a saying, “I’m not on that committee.” In my opinion, that’s something you should never say when you’re talking about your family.

For me, the truth is I’ll be on that committee with my kids for my entire life. You see, I’ve lived a lot longer than they have and there is a certain amount of wisdom that I think I can pass on to them.

I bet you’re in the exact same position as I am.

You can help mistakes from happening.

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Topics: wealth management, Children, honest conversation

What Is A Fiduciary And Why Should You Care?

One of the raging arguments in the financial services business is whether advisors like those of us at Stage 2 Planning should act as fiduciaries with you, our clients.  As you'll learn in the video below a fiduciary as a legal obligation to put their client's interest first.

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Topics: Investments, Fiduciary, Investment Planning

6 Common Risks That Can Ruin Your Retirement

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A large part of the work we do at Stage 2 is helping our clients manage risk. In the investment part of our business that would mean investment management.

That’s not the only type of risk we help you manage. I think a more important risk is what I’m starting to call retirement risk. These are risks besides investment risk that we should be helping you think about.

Here are 6 things for you to consider.

Let’s start with health.

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Topics: retirement planning, financial planning, scenario planning

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