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How Much Risk Is In Your Portfolio?

By Jimmy Miller If you knew you could pursue any dream or make any major change without risk, what would you do? The fear of taking a risk and experiencing loss or failure tends to hold us back. We’re not saying to throw caution to the wind and do something crazy without evaluating potential consequences, but it’s important to recognize that human beings are naturally averse to loss. In our minds, the pain of losing is more powerful than the potential to achieve gains.1 How does this foray into psychology connect to your finances? Quite simply, one thing we are most...

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How Baobab Wealth Helps You!

By Jimmy Miller Have you ever gone down a rabbit trail researching a product or business only to find yourself overwhelmed by the glut of information and even less prepared to make a decision? In other words, does information overload cause decision fatigue?  That’s the last thing you need, especially when it comes to your money. You likely spend a lot of your time worrying about whether your hard work will result in a secure financial future. You just want to find someone you can trust who will do the worrying for you while getting you closer to financial independence and...

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10 Things To Do Within 10 Years Of Retirement

By Jimmy Miller How long have you been dreaming about visiting white sandy beaches, going at a slower pace, or spending more time with family? However you want your retirement to look, you’ve almost made it! After countless years of working and saving, you are finally getting closer to the retirement finish line. While the end is in sight, that doesn’t mean it’s time to put your feet up and count down the days until you pack up your office for good. Set your mind to finish the race stronger than you started by doing these 10 things within 10 years...

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5 Unexpected Threats To Your Retirement Plan

By Jimmy Miller One of the top anxieties Americans face today in relation to retirement is the fear of not having enough money to retire, with only 27% of pre-retirees believing they’ll be financially prepared for a retirement lasting 10 years. (1) And while saving sufficiently for retirement is a critical issue, there are other little-known and often ignored threats that could cause you to lose the nest egg you have diligently worked for. As significant as flat-out not saving enough, here are some of the less commonly discussed ways you could run into retirement trouble and how to help prevent...

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What Does Retirement Mean To You?

By Jimmy Miller What do you think of when you hear the word retirement? Spending your days on a golf course? Doting on your grandchildren? Traveling to your heart’s content? Doing absolutely nothing for the first time in your adult life? For many, retirement conjures up images of carefree days, no responsibilities, and no schedule. While some eagerly strive for that, others cringe at the thought of no structure or plans. If you find the idea of having nothing to do unappealing, or maybe even flat-out depressing, here’s a new definition of retirement to consider: Retirement doesn’t just mean not working;...

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See A Sample Financial Plan

By Jimmy Miller With a world of information at our fingertips, we can find reviews, history, product specifications, and a plethora of other details about anything we are thinking of buying. In other words, before making a major purchase, we can arm ourselves with information to make the best choice possible. While creating a financial plan is in a different category than buying a car or putting an offer on a home, we believe it’s just as significant of an investment and that you should know what you’re getting before you pay a penny. Because we develop custom financial plans for...

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The Top 4 Regrets In Retirement

By Jimmy Miller What usually comes to mind when you think about how you will spend your retirement? Perhaps some traveling or bucket-list experiences? Or maybe enjoying extra time at home with family? Most of the time, we look ahead with excitement, relishing the thought of slowing down and finally having all the time in the world to pursue passions and invest in relationships. But there’s a lot more to planning for retirement than just counting down the days until you turn 67. While daydreaming of fun and freedom is far more enjoyable than considering the obverse, it is important to...

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We’re Never Too Busy To Help Someone You Care About

By Jimmy Miller Many people say that the most important things in their life are family, happiness, health, or a sense of purpose. While money may not top that list, it affects every part of your life and can give you the security and stability that positively impacts the things that matter most. Unfortunately, managing money often leads to stress and worry. That’s why an advisor plays one of the most prominent roles in a person’s life, forming a long-lasting relationship and providing trusted counsel. But how do you find an advisor who you can trust and want to work with...

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What Is A Fiduciary And Why Is It Important?

By Jimmy Miller When it comes to achieving your financial goals, you deserve to receive the advice and recommendations that will ultimately be in your sole best interest. What that means is that the advice you receive should, first and foremost, help you achieve your financial goals...above anything else. What if I were to tell you that not all financial advisors are obligated to act in such a manner for their clients? It sounds outlandish, but that is the current reality of the financial services and the advisory landscape. However, don’t dismiss the entire industry just yet. There are indeed some...

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Jump-Start Your Financial Plan For 2020!

What new goals are you trying to reach in 2019? Are you focusing on your physical health by joining a gym and cleaning up your diet? Are you throwing yourself into your career in order to earn a promotion? Or maybe, like millions of other people, you are using January’s fresh start to find renewed motivation and make plans to get out of debt, save more, or reach a financial milestone, whether that’s purchasing a vacation home or retiring. And while setting goals can be a healthy way to focus on what matters in the new year, 80% of resolutions fail...

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What We Do And How We Can Help

Financial planning is like planting a tree. You plant your time, resources, and energy, allowing your investment to grow deep roots. You don’t dig it up every few months to check on its progress, but, instead, you let your fledgling tree face the forces of nature and grow stronger and more resilient as time goes on. The Baobab tree, in particular, is known as the “Tree of Life.” Not only can this tree live up to 3,000 years, but it also produces a superfood fruit that releases energy, strengthens the immune system, and improves digestive health. As far as analogies go,...

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How, What, & When: Downsizing Made Simple for Seniors

Moving house as a senior presents unique challenges. But it’s not impossible to downsize, declutter, and successfully move into a smaller home with less stuff. Here’s how, what, and when to downsize to make moving as smooth as possible. When to List Your Property for Sale Did you know that the day you list your property can affect how quickly it sells? According to CNBC, a home listed on Thursday sells five days sooner than one that goes live on a Sunday. The rationalization is that people—including potential buyers—begin planning their weekends in advance of Friday. At the same time, homes...

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Why Funeral Pre-Planning Should Be Part of Your Financial Plan – And How to Make The Tough Decisions

By Camille Johnson Most people approach finances with their future in mind, but while focusing on your life goals is an essential part of financial planning, there’s also the tough stuff to think about. These decisions impact your financial picture too, which is why it’s so smart to make plans for your own funeral. You know exactly how the costs will be handled, and you’ll be confident that your funeral won’t be an added worry for your family. The “Why” and “How” of Funeral Planning Deciding to pre-plan your funeral is a gift because it means your family won’t have this...

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