Plan with Joel

08/24/2023

05/12/2021

"Better fill it up!"…

On Mother's Day weekend as my family and I were sitting outside after lunch, someone randomly walked up to me and told me to get gas now, as I might not be able to later. While I already knew about the pipeline issue, I appreciated the boldness of this random soul to attempt to help a stranger.

This encounter reminded me of one of my favorite retirement income stories.

You are driving around town right now, with half a tank of gas. You've got outings, errands and across town trips planned for the next couple of weeks. Typically you enjoy listening to relaxing music, a podcast or even an audio book while driving, but this week you are intently listening to the news as they discuss the gas shortage.

How much are you enjoying your week?

Alternative story, same situation -- gas shortage, busy week, etc. However, this time you have a 'Rich Uncle' who has a lifetime supply of gas stored up just for your family.

How is your life different?

Does your retirement strategy incorporate a 'Rich Uncle'? Want to learn more about how to create your very own?

Better fill it up my friends…

04/22/2021

While the 60/40 allocation model has been considered a classic strategy, my question is was it ever the most effecient way to structure ones portfolio 🤔.

What methods have you learned about or been advised to take to combat the teetering of this traditional philosophy?

apple.news

04/20/2021

The Social Security decision is one of the most important decisions you will make about your retirement. It's a decision that could potentially result in accumulating hundreds of thousands of dollars in additional retirement income. Join Tim O'Mara, Vice President at the Nationwide Retirement Institute as he breaks down and simplifies the many rules and filing options for Social Security and demonstrates how you can make a suitable decision for your needs by analyzing and comparing different Social Security filing options.

us02web.zoom.us

03/30/2021

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How are you separating yourself from your competition to attract top talent?

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Attracting and Retaining top talent is key to the continued growth of your operation.

You likely pay good money to have health insurance, disability insurance and other axillary benefits for your people.

You have a 401k plan with a great match, which your employees and new talent now expect.

You have a great culture and offer end of year bonuses, flexible work-life balance opportunities and casual Friday.

But how are you addressing the areas Financial Wellness, Executive Compensation and Rewarding the right people to stay engaged with your organization for the long haul?

03/25/2021

If your customers stop being delighted enough to want to return for more and share you with their friends (and your score drops), slow down enough to get back in touch with those you serve

forbes.com

03/24/2021

"this also means that, as companies often did under prior law, corporations can sidestep the $1 million pay deduction limit by deferring compensation payments to a later year after the recipient is no longer in the top five, often until after separation from service."

shrm.org

03/23/2021

Is your business or organization complacent?

When reviewing new strategies or opportunities is the culture of the organization to stick with what you know or to investigate?

Over the weekend I watched a documentary about a story that most of us are aware of in one way or another. Blockbuster.

The entertainment giant that disrupted the video world only to get totally dismantled themselves. Blockbuster used their size to negotiate with film producers to lower the cost per video tape to be a few dollars instead of $70-80. This allowed the company to have a much wider selection in their stores, and eventually run the local shops out of town, eventually owning over 9,000 stores at its peak.

But as we all know, a new generation was growing up that wanted, no demanded, instant gratification and convenience. Blockbuster failed to innovate in time to adjust to the on-demand, streaming services that were to come.

Blockbuster even had the opportunity to buy-out Netflix and have it operate as the online streaming version of the company. But Blockbuster was complacent.

Instead of continuing to innovate, they remained stagnant to the point where there is now 1 remaining store.

Ideas and information are powerful, don't let yesterday's success become tomorrow's demise.

03/22/2021

Join us to hear Ernie Guerriero, CLU®, ChFC®, CEBS, CPC®, RICP® discuss the implications of the CARES Act and the SECURE Act for business owners. Additionally, we'll discuss strategies to potentially reduce taxes and traps to avoid.

www.cplanning.com

03/19/2021

Join us to hear Ernie Guerriero, CLU®, ChFC®, CEBS, CPC®*, RICP® discuss the implications of the CARES Act and the SECURE Act for business owners. Additionally, we'll discuss strategies to potentially reduce taxes and traps to avoid.

www.cplanning.com