Quoted: Member Media Roundup - December 2017

3 min read
December 25, 2017

XY Planning Network members regularly serve as subject matter experts for major media outlets. (We invite our journalist friends to submit requests using our media portal.) We've compiled this roundup of recent articles featuring some of our superstar advisors. 

Warning to Veteran Advisors: Your Old Model Won’t Cut It With Millennials

ThinkAdvisor, featuring XYPN Member Eric Roberge

Blunt message to veteran financial advisors: No way do millennials want FAs whose goal is to sell them products. They want advisors who focus on meeting their needs, as Eric Roberge, 38, a successful four-year “virtual advisor” targeting professionals in their 20s, 30s and 40s, told ThinkAdvisor in an interview.

Roberge is unquestionably representative of the new financial planner paradigm. As a virtual advisor, 85% of his client meetings are held via video — digitally, that is — using Skype or a similar service. Marketing himself as “a personal trainer for your finances,” the fee-only CFP takes the friendly exercise/sports theme further by charging most clients a monthly subscription, just like paying for a gym membership. Read more...

Want to retire early? Here's a plan

CBS Moneywatch, featuring XYPN Members Kyle Mast & Ryan McPherson

But for most people, getting to financial independence means making some big sacrifices and getting very creative with their spending habits. 

How to achieve financial independence. It comes down to how you save, spend and invest. Maximize your saving -- many of these people figured out how to save 50 percent of their incomes or more, sometimes by purchasing multifamily homes and taking on enough tenants to make an income. Read more and Watch here ...

How Tax Reform Could Impact Your Investment Decisions

The Simple Dollar, featuring XYPN Member Michael Schupak

The final details of the GOP’s tax reform bill are still being ironed out, and it still needs to pass votes in both the House and the Senate. We don’t know for sure what it will look like or whether it will become law. But at this point we know enough about what’s in the bill to start making some educated guesses about how it might affect you.

We’ve already covered a number of the proposed changes and how they might impact your overall financial situation, so today we’re going to focus on your investments. Specifically, how might the GOP tax bill influence your investment decisions going forward? Read more...

4 Steps to Investing When Money Is Tight

US News & World Report, featuring XYPN Member Patrick Dinan

Think of your emergency fund as a cushion for your investments. It's there so that "if things get tight, you won't be forced to access longer-term investments that have yet to mature," Butler says. Tapping investments early can handicap their growth potential and result in heavy transaction costs and early withdrawal penalties.

Patrick Dinan, president of Impact Fiduciary in Los Angeles, says investors who are single should have at least six months of expenses set aside in a federally insured bank savings or checking account. Couples should target three months of living expenses each. Read more...

Are Your Investment Accounts Safe From Hacking?

The Simple Dollar, featuring XYPN Member Jeff Snodgrass

In the wake of the recent Equifax scandal, you might understandably be jittery about the safety of your money and your personal financial information. A lot has been written about what you can do to prevent hackers from opening new accounts and new lines of credit in your name. But a lot less has been written about protecting the money you’ve already saved and invested.

Specifically, how safe is the money inside your retirement accounts? How is that money protected from hackers? And what can you do to make sure these accounts are secure? Read More... 

What Can Be Learned If You Really Listen

INVESTORS BUSINESS DAILY, featuring XYPN Member Jeff Snodgrass

When advisors gain wisdom from their clients, it tends to stick. Many financial planners can cite lessons they've taken away from a client whose offhand comment left a lasting mark.

Learning from clients requires attentive listening. By letting them steer the conversation — from raising questions to expressing their emotions to making random observations — you come away with a heightened understanding of how they see things.

Their outlook can prove refreshing and even enlightening. Occasionally, their comments can shake an advisor's deeply held assumptions about money — and life in general. Read More... 

XY Planning Network's media request program is available to all XYPN advisors as a member benefit. Interested in joining our community of expert advisors? Read more about XYPN's marketing support and watch our introductory video, Disrupting Financial Planning: The XYPN Movement.

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