Stage 2 Planning Partners

Value Creation Blog

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

8 Steps You Need to Take Before it’s Time to Leave


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Your business that is……

One of the big questions every business owner who is doing an internal transition must answer is when do I turn the reins over. You certainly don’t want to do this too early and if you do it too late there’s a good chance the people you want to run the business will have left.

This is something I went through with my father when I bought his business and merged it into mine.

Don’t make this a conflict ridden process.

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Topics: succession planning, internal transitions

You Say You Want To Retire…Retire to What?


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You might be thinking that is time for you to retire. So my question to you would be, “Retire to what?”

Retirement is supposed to be a joyful time of your life. For some, this is true. At the same time there are too many people who retire or sell their business and wish they never had. I don’t want you to be one of them.

How are you going to fill your time?

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Topics: retirement, life after work

8 Transition Solutions You Can Use Today

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Transitions can be painful. Unlike change, transitions take a fair amount of time to complete. Because they take lots of time, we often get impatient and we don’t understand how they affect our decision-making ability and keep us from getting outcomes that we really want.

Here are some solutions to what I call the transition dilemma.

Is your transition voluntary or out of your control?

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Topics: thinking partner, transitions, changes

Are You Outspending Your Assets?

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This is a question I want you to ask yourself. Too often we spend money and we don’t pay attention to the future.

The best way to find this out is to create a financial plan that shows your spending patterns, your saving patterns and your investment returns.

Read on to find out how this might affect you.

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Topics: retirement, financial planning, investment returns

A Theme Is Better Than a Goal

A_Theme_Is_Better_Than_A_Goal.pngI’ve written way too much about my dislike for what is considered the goal setting process. Now before you light your hair on fire I want you to consider this……How happy have you been when you’ve hit a goal?

On the other hand, how happy have you been when you’ve noticed your trip?

Recently I read a piece by one of my favorite thinkers, James Altucher. In his post James talked about how he prefers themes in his life to goals. I agree and here are some reasons why:

Themes allow you to think in a broader manner about what you want out of life.

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Topics: goals, themes, goal mapping

Business Owners Learn To Read Your Cash Flow Statements

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Topics: Cash Flow, cash flow statement, financial controls

The Horrible Side Effect of Retirement

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Topics: retirement, business owner retirement, Seller's remorse

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