Ryan D. Murray, CRPC®, CLTC©, APMA®’s Post

Keep your financial plan on track and finish out the year strong! This involves: 1. Set Clear Goals: Define and work towards specific financial objectives. 2. Evaluate Investments: Review and adjust your portfolio as needed. 3. Consult Professionals: Get advice from financial advisors to refine your strategy.

Discussing finances with aging parents is challenging but essential. By opening up the money conversation, you improve their chances for financial security and prevent all-too-common misunderstandings. Consider these four techniques for broaching the conversation: 1. Segue from a broader topic This approach starts by finding common ground, such as discussing recent market conditions or rising healthcare costs. This can naturally lead to conversations about the health of their investments and any concerns they might have about their retirement savings. 2. Inquire about their financial advisor Emphasize that you work closely with your advisor and that you’re curious how they like theirs. This gives you a chance to gauge the depth of relationship, frequency of contact, and trust in recommendations. 3. Blame it on your financial advisor If bringing up the topic feels too personal, you can use your financial advisor as a reason for the conversation. This can take away some of the discomfort. After all, most financial advisors agree that family financial discussions are a good thing. 4. Inquire about the handling of their estate. You may end up playing a very direct role in executing their estate. If that’s the case, you have a vested interest in things being well thought-out and coordinated.

Compound interest might sound complex, but it’s simply earning interest on your interest. Over time, these small gains snowball, leading to significant growth. Start early, contribute regularly, reinvest earnings, and choose the right investments to harness this powerful financial tool.

Secure a healthier, worry-free retirement by planning now and saving for health care expenses. Stay active, max out retirement accounts, consider long-term care insurance, and consult your financial team for comprehensive planning.

This is about giving yourself options. Whether it's cuddly companions on four legs or a house full of little ones, we can help you build a financial future that empowers your dream family, whatever that may look like!

Time constraints, complexity of compensation packages, and high expectations can all be factors leading you to push your financial planning aside. Working with a financial team helps to make sure your finances are taken care of while you focus on leading your company. Here are four ways our team helps executives like you: - Identify areas where we can help you optimize your compensation package - Perform scenario-based planning - Develop partnerships for a comprehensive view and strategic approach - Create actionable planning strategies that are tailored to your unique needs and goals.

We cannot think of a better time to discuss the importance of financial literacy, education, and planning for the future, especially in the context of the great wealth transfer. 📚 With more than $84 trillion expected to change hands over the next two decades, educating the next generation on financial management and responsibility is crucial. ✨ Here are a few things to keep in mind when trying to foster financial values in your family: Create a personal financial mission statement with your family. This could be about pursuing financial literacy or focusing on charitable giving. 📝 Schedule regular family meetings to discuss values and financial goals. 💬 Teach financial literacy to your children. This can include showing your children how to save money, distinguishing between needs and wants, or overviewing basic financial principles such as budgeting, credit, or even investment strategies. 📊 By prioritizing financial education and planning, we can help prepare future generations to manage their wealth responsibly and carry on their family’s financial legacy. 📆

Effective planning can help business owners make informed decisions that drive sustainable growth and long-term success. This is an ongoing process that requires regular review and adjustment to respond to changing market conditions, business performance, and emerging opportunities or risks. These are just a few ways a financial advisor can help you and your business.

It's important to understand WHY we worry about money. Consider these three reasons: 1. Fear of the Unknown: The future is unpredictable, and uncertainty can be daunting. Whether it’s potential job loss, unexpected expenses, economic downturns, or the fear of what might happen can cause stress. 2. Responsibility to Others: Many of us have dependents or loved ones who rely on our financial support. This responsibility adds pressure to ensure that we can provide for their needs, whether it’s paying for education, healthcare, or daily living expenses. 3. Maintaining Independence: Financial independence means having the freedom to make choices without being constrained by money. The desire to maintain this independence drives many of our financial decisions. We worry about money to ensure we have the resources to live life on our terms, support our lifestyles, and secure our futures.

Remembering and honoring the lives lost on 9/11. Today, we reflect on the resilience, courage, and unity that emerged from tragedy. Never forget.