Projecting clients’ expenses in your financial planning program requires the planner to set an assumed inflation rate.  A small change to the assumed inflation rate can make a big impact in the overall success of a client’s plan.  

Financial-Planning.com has a great blog article about common traits of new planners - not the good kind of traits, the annoying kind.  The article provides five traits bosses wish they could change in new planners that cause frustration and tension for the firm’s management and pressures the new planner’s relationships within the firm.

2012 marked a strong year for private wealth growth but wealth managers should not expect that growth to translate directly to increase profits as discussed in this Wall Street Journal article covering findings from The Boston Consulting Groups report “Maintaining Momentum in a Complex World:  Global Wealth 2013.”

If you have not been able to attend an online training class for Silver Financial Planner, you can view a previously recorded session any time.  The training class is a great way for new users to get started with this fast and effective financial planning program.  The video is about 45 minutes long and covers the program menu, data input, the “What If?” feature and a highlight of the available reports.  

Most of us think of Memorial Day weekend as the kickoff of the summer season.  You might notice your summer Saturdays filling up with plans to attend weddings, as this is also the start of wedding season.  Both seasons start for me this weekend as I head to Denver to attend my first wedding of the season and enjoy sunny, 85-degree, summer weather for a few days before returning to Oregon (where summer weather is still at least a month away). 

Easy Money's retirement planning reports reviews your clients’ retirement goals and objectives, assets available for retirement, and estimates how long the clients’ funds may last based on the planning assumptions.  

The Retirement Needs Analysis and the Retirement Capital Analysis work together to evaluate the clients’ income needed for retirement and the amount of capital required to cover income shortfalls in retirement compared to the amount of capital the client is projected to have available for retirement.   

There are so many combinations of residence sales, purchases, replacements, and future sales planners need to model in their financial planning software.  For today’s post, I will run through 5 residence sale/purchase/replacement scenarios and how to best model them using TOTAL Planning Suite for Easy Money and Golden Years. 

Loving what you do for a living is such an important element for a happy, healthy life.  Being great at what you do, and successful doing it, bring rewards worthy of your time and dedication.  “Building A Better, More Enjoyable Business” is Don Connelly’s most recent article on his marketing blog for Financial Advisor Magazine’s website, FA-Mag.com.  The article includes 12 great tips focusing on personal qualities advisors should embody for developing successful, enjoyable businesses.   

Several of the tips are traits found in highly successful people, like tip #1, “Get really good at what you do. Do the ordinary things extraordinarily well.” And tip #4, “Make a commitment to succeed. People get successful on purpose, not by accident. You can’t become great until you decide to be great.”  It takes dedication and focus to perfect your talents, and continuing commitment and action to develop your business.