Know My Plan

One of the big conversations we're having at the moment is about cash.

"How much do we need?"

We're finding that prospects and new clients are typically on polar opposite sides here; they're either holding WAY too much cash, or they're not holding nearly enough.

The higher rate environment has certainly lured people back towards their savings accounts, which is great, however it may be coming at a cost.

Conversely, we're seeing families who might have too much of their net worth tied up in less liquid assets, and while they're high earners, spending has crept up over the years and they're just not saving enough.

--Nic

I was recently asked: "Can we pay for our daughters' tuition and retire as planned?"

My answer was: "No."

The high-level answer is actually, "it depends."

You want to fully fund two tuition commitments AND have a dream retirement. Of course it's possible, but for most of us it would come at a cost.

Are you willing to make real sacrifices today and over the next decade or two? Cutting expenses, cutting vacations, maybe even taking on a second job?

👆 The answer to these questions for myself personally and for many clients that we work with is a resounding "No!"

---

**This is a brief excerpt from our newsletter, DOLLARS & DIAGRAMS 📝

In this specific edition I outline how my family and I are approaching this challenge and the steps were taking to do the best we can.

We send this newsletter to more than 1,000 high-achieving professionals every Thursday evening and would love to include you going forward.

Nic

We work with high-achieving busy executives and these are the seven most common money mistakes that we run into with our clients.

The best thing we can do is build a plan, get your finances in order, and allow your hard earnings and time to work optimally in your favor.

If you're a busy executive that can relate and don't know where to start, get in touch with us and we'll begin with a simple conversation.

We're here when you're ready.

Nic

Click to read amazonaws.com

It's to the point we're having this conversation weekly with new prospects in the SAME EXACT BOAT.

46 & 45, three pre-teens, $450 AHHI, trying to maximize these golden years while prudently saving & investing so the good life will last.

A couple reached out this week requesting to get something on the calendar.

Gist of the message:
"Nic, we've been DIYing this, everything seems fine but we're to the point that we'd like someone with real experience to take over.

We're ready to hand everything over and you guys just tell us how much and where and when to invest it."
---
If you're a high-achieving professional and recognize it's time to seek a professional to help you and your family put a financial plan in place, please get in touch with us, we're currently taking on great new clients.

If you're already working with an advisor but have considered making a change, please know that we help people do this all the time. It's a simple transfer process that can be done without you having to be involved at all (if you like).
Nic

A prospect reached out last week, and his message is so much more common than I think people realize.

He's not even close to traditional retirement age, but he's "done" with his current career.

"Nic, my future withdrawal decisions for retirement might just become my new job."

He's not worried about running out of money—he's saved and invested really well—his Monte Carlo clears 90%. He's instead worried about Roth conversions, tax bucket sequencing, and ACA cliffs for the next 30 years. Self-admittedly second guessing every move.

A well-structured financial plan will keep you from re-litigating every withdrawal for the rest of your life.

Enjoy the confidence.
---
If you're a high-achieving professional and recognize it's time to seek a professional to help you and your family put a financial plan in place, please get in touch with us, we're currently taking on great new clients.

If you're already working with an advisor but have considered making a change, please know that we help people do this all the time. It's a simple transfer process that can be done without you having to be involved at all (if you like).

Nic