Stage 2 Planning Partners

Value Creation Blog

Thinking About Retirement….Lose The Word Retire


Life spans continue to increase.  If you're alive at 65, there's a good chance you can be alive at 85.  I know there comes a time when you won't want to work or create any more, but do you want to have twenty or more years of this type of life?

A key to a healthy life is a life that keeps you engaged.

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Topics: retirement, work after retirement, wisdom

6 Things You Need To Tell Your Family Before You Die

Way too often I hear families tell me that there was things they wished their deceased family members had told them before they die. Here are six things you need to think about and talk with your loved ones before your day comes.

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Topics: wealth management, estate planning, share your will

6 Reasons You’re Lousy at Forecasting the Future

6_Reasons_Youre_Lousy_at_Forecasting_the_Futue.pngIf you were an Econ (a totally rational person) you would be able to take all of the information that’s available to use and use that information to accurately forecast what’s going to happen in the future.  That might be true if all of us including you are able to keep your biases and feelings out of the way when making predictions about what’s going to happen in the future.

The truth is you’re not an econ and neither am I.  Both of us have this problem.  We are way too optimistic about what’s going to happen in the future.

My problem with budgeting.

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Topics: financial planning, scenario planning, behavioral economics

5 Reasons You Need To Do a Life Insurance Review

5_Reasons_You_Need_To_Do_a_Life_Insurance_Review.pngI often talk with Clients about their life insurance program.  Some people have life insurance for estate planning, others for business continuation and still others for survivorship planning.  In all cases you might want to get yourself a life insurance review.

If you’re interested in what my five reasons are… on:

Your insurance company could be having a bad run.

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Topics: life insurance, investing

How Do Your Values Stack Up With Your Spouse

How_Do_Your_Values_Stack_Up_Wtih_Your_Spouse.pngI often talk with clients about what they want in life. Before we get into the specifics about what you want I think you have to have a conversation about you about values.

This conversation needs to include both leaders in the family. That means if the husband first contacted me about working together I need to understand both his values and his significant other’s values. If we don’t do this, there is a very good chance that will be putting a plan together that does not accurately reflect the wants and needs of both people in a relationship.

I’m sure this is something that you don’t want to have happen to you and if it is something you want to prevent, then read on.

Start by understanding your values.

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Topics: financial planning, Values, Value clarification

The Social Security Dilemma…..When Should You Start Collecting It?

The_Social_Security_Dilemma_1.pngIf this was 1965 I might be writing a post about how to take advantage of the pension plan you have at work.  For the most part, a traditional pension plan is a thing of the past.  Today, you have to depend on what you save in your individual retirement accounts as well as thinking about the choices you have with social security.

If you’ve followed this blog for any period of time you’ve heard me rant about it’s not the investments so much as the amount you save.  Knowing how much you need to save is something you need to think about.  Another decision you’re going to have to make is when to start collecting social security.

You have more choices than you think.

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Topics: retirement planning, wealth management, social security planning

8 Transition Issues You Just Might Face And What To Do About Them

Here's the truth you'll need to face.  You are going to go through major transitions in your life.  It's not if, it's when.

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Topics: transition planning, transitions

3 Things You Need To Do Before Selling Your Business

3_Things_You_Need_To_Do_Before_Selling_Your_Business.pngFor lots of business owners like you the Holy Grail of having a successful business is being able to sell it to a 3rd party when it becomes time for you to retire. Before you even think about getting ready to sell your business you’re going to have get your business in a position where a buyer is going to want it.

You might think a buyer is going to want your business, warts and all. You might even be able to find someone to buy it. I would be very surprised that if you haven’t fixed these three things you’re going to have a hard time finding a buyer who is interested in your business at a price you want to sell it at.

Start with becoming operationally irrelevant.
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Topics: passive ownership

There's Never Been A More Important Time To Share Your Will

The first question you need to answer is do you have a will?  After all, according to Tom Deans in Willing Wisdom about 50% the people in the US don't even have a will?

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Topics: estate planning, will

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