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.
Kiplinger, featuring XYPN members Eric Roberge and Paul Sydlansky
Is there a scarier word than “pandemic”? In addition to the human toll, the coronavirus spreading around the world is also sickening supply chains and denting GDP growth. The Kiplinger Letter is forecasting a realistic, worst-case scenario wherein economic growth is cut in half, to something like 1.6% this year.
No wonder stock markets are in a spiral. Concerns are so severe that the Fed took emergency measures on March 3, cutting interest rates by half a point. What should investors do?
We reached out to the financial planners who contribute to our Wealth Creation channel to discover what they're telling different types of clients. Here is what they had to say.
Continue readingInvestor's Business Daily, featuring XYPN members Natalie Slagle and Dan Slagle
On a Sunday morning a few weeks ago, Natalie and Dan Slagle took a two-hour nature walk. They weren't thinking about business ideas for couples. They were just enjoying the scenic beauty and romping in the snow.
For many married couples, such an outing hardly qualifies as special. But when you work together all week in close quarters, as the Slagles do, setting aside leisure time takes on more importance.
Both certified financial planners, Natalie and Dan run Fyooz Financial Planning in Rochester, Minn. They launched their fee-only, independent firm in October 2019 after each of them spent nearly a decade in financial services.
Financial Advisor Magazine, featuring XYPN members Lazetta Rainey Braxton and Luis Rosa, and XYPN co-founder Michael Kitces
It’s hard to say how many virtual financial advisors are out there because industry trackers aren’t keeping count. But more advisors are launching virtual-only practices and brick-and-mortar firms are also delivering more advice remotely to clients they may rarely or never see.
Virtual advisors range in age from baby boomers to millennials, said Michael Kitces, a partner and director of wealth management with Maryland-headquartered Pinnacle Advisory Group and co-founder of XY Planning Network. Virtual advisors span from larger firms (such as Vanguard Personal Advisor Services and Personal Capital) to solo firms (including XYPN members), he said.
ThinkAdvisor, featuring XYPN members Ashlee DeSteiger, Travis Gatzemeier, Michael Henzes, Jason Speciner, and Mark Wilson
The Setting Every Community Up for Retirement Enhancement (Secure) Act has been called the most comprehensive retirement security legislation in decades. Overall, it has received a thumbs up for several changes, such as:
The Wall Street Journal, featuring XYPN member Jason Speciner
As Freddie and Mary Ellen Fabbri near their 50s, they dream of bucket-list items like taking their 4-year-old daughter to Disney World
“Experiences and security are what we’re looking for,” Mr. Fabbri says, “not more and more stuff.”
They also would like to be debt free in 10 years.
Ms. Fabbri, who is 47, works in insurance. Mr. Fabbri, who is 50, recently became self-employed after working at radio stations for years. He now hopes to earn a living doing such things as tour managing and as a party DJ. Between them, the two expect to clear at least $100,000 in 2020.
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.