March Madness

Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

Our Thigpen Group 2020 VISION INITIATIVE starts with you carefully and intentionally formulating a vision for your life. Understanding and living into that vision is a process, which includes goal setting. We discussed this in detail last month as a part of knowing your numbers. But the goals come as a result of first establishing the vision.

What do you see when you look at this picture? Now show it to your spouse and ask what they see. You might find that two people can look at the same picture but have two different visions. I personally experienced this recently on a trip with Kimberly.

The picture is of a place we stayed in Sedona, Arizona after hiking the Grand Canyon together. Kimberly saw “The Spa,” and envisioned what that experience would be like.  The vision was one of relaxation, massages, calmness, re-energizing, soft music, and warm towels. I, on the other hand, saw the mountain. I immediately had visions of climbing to the top. Legs burning, sweat pouring, the Rocky theme song blaring in my earbuds. You get the picture.

When we do financial planning for couples, this is precisely why we insist both spouses be engaged in the process. A term as vague as “retirement” can result in a broad spectrum of visions. Couples can both identify retirement as a financial goal and envision what that looks like for them as individuals. However, it is quite possible that there are two entirely different visions of what retirement looks like.

You may see a vision of traveling the world while your spouse sees settling down and downsizing. One spouse may want to begin a gifting strategy to children and charitable organizations, while the other has visions of spending lots more money on going and doing. You can easily see how different the to-do list would be based on the goals, which are first and foremost determined by the vision.

This is why our process begins with a conversation. Every prospective client engagement begins by you coming into our office and discussing your vision in our conversation room. It is the most important part of the process. Each client’s unique vision is the basis on everything else we do. The financial plan, the goals, the appropriate investment portfolio- all based on the client’s vision of what it means to “Live Your Life.”

We are calling this month’s theme MARCH MADNESS because without a well thought out financial plan, connecting your individual visions to a combined vision can seem like complete madness. It’s confusing and unclear, and often ends with “we’ll get there when we get there.” This month, we’ll look at different components of retirement planning, all within the context of your vision.

So, what’s your vision? What’s your spouse’s? Have they been communicated? We want to help facilitate these conversations, so schedule a visit with us today and let us help you begin pursuing your vision.

facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.
Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.


Charitable Giving Strategies in a High-Income Year

Tom Fridrich, JD, CLUⓇ, ChFCⓇ, Senior Wealth Planner  The end of the year offers an ideal opportunity to look both forward and back — reflecting on recent achievements, while setting goals for the upcoming months. For many of my clients, it’s also a time to review their finances and i …

Let’s Talk About Midterm Elections and Your Investments

This week was midterm elections and we’ve had many questions about what it all could mean, which we’ll tackle in today’s blog. We consider it a great honor to vote, and while we may not know the final results of the election for days (or even months), what we do know is the election will …

3 Nontraditional Ways to Give That Still Qualify for a Tax Deduction

Kevin Oleszewski, Senior Wealth Planner ‘Tis the season to give. In fact, 37% of charitable giving occurs during the last quarter of the year — 20% of it in December alone, according to a survey conducted by the Blackbaud Institute. And while the holidays are traditionally a time to reflect …

Considering Tax Loss Harvesting? What You Need to Know First

Kevin Oleszewski, CFP® Senior Wealth Planner As the tax year draws to a close, many high-income investors will look to reposition their portfolios to intentionally generate losses as a way to offset gains — an investment strategy known as tax loss harvesting.
1 2 3 37 38 39

Get in Touch

In just 15 minutes we can get to know your situation, then connect you with an advisor committed to helping you pursue true wealth.

Schedule a Consultation