Takeaways from FPA Annual Conference 2020

Daniel YergerFinancial Planning 1 Comment

The Financial Planning Association’s Annual Conference is a tradition stretching back decades, bringing together academics, financial planning leaders, industry experts, students, and practitioners to share the latest research, best practices, and latest thought on how the profession of financial planning can improve the lives of everyday people. This piece is going to be a summary of the content I learned …

Poor on Paper

Daniel YergerFinancial Planning 2 Comments

Understanding that two weeks ago I wrote about the behavioral financial biases that lead to someone with political beliefs having their perception of money and the economy skewed by their politics, I’m now probably going to stick my foot in deeper water by talking about a recent political issue: the president’s taxes. In the interest of trying to keep as …

Optimal Cash Flow Management

Daniel YergerFinancial Planning 1 Comment

One of the most common points of improvement early on in the financial planning process is cash flow management. Whether the client lives paycheck to paycheck or is sitting on a significant amount of cash in their checking and savings accounts, most people don’t know the answer to “what’s right for me?” and consequently either overspend and run a constant …

The Value of Trust

Daniel YergerFinancial Planning Leave a Comment

In my newfound academic studies, I get the opportunity to read research. A lot of research. A lot of research. This isn’t for the pure fun and joy of it, but because the effort to obtain a Ph.D. is equal parts your own research and learning what’s already been done in the field. Consequently, you spend a significant amount of …

Beware Your Bias – Three Ways Politics Warps Your Perception of Money

Daniel YergerFinancial Planning 2 Comments

The United States has, by design, a politically polarized governmental system. While many other democracies practice with a parliamentary system, which utilizes proportional representation to allow for multiple small parties to build coalitions that result in majorities, the United States system favors deliberate disfunction. Concerned about tyrannies of the majority, the founders put in place a number of mechanisms to …

The Most Recent Financial Planning Research

Daniel YergerFinancial Planning Leave a Comment

Every two years, a research team from the University of Southern Maine and kitces.com (a popular research and thought leadership platform in financial planning) conduct and release a study on “How Real Financial Planners Actually Do Financial Planning”. The study, the only of its kind, surveys hundreds of financial planners from an array of business models on how they conduct …

What have we learned?

Daniel YergerFinancial Planning 2 Comments

Well, first of all, it’s good to be back; I missed opining at everyone for a whole two weeks! Now down to business: I promised that I would share with you what I learned in the two-week Personal Financial Planning summer intensive as part of my Ph.D. program. Simply put, it’s this question: “What have we learned?” You see, Personal …

What I’ve Learned this Summer

Daniel YergerAbout the Firm 4 Comments

Guest Written by Samantha Rauch Hello! It’s the end of an era, my nine weeks with MY Wealth Planners has flown by and it’s crazy to think I’ll be back in class in a few short weeks. Dan asked me to write this piece to talk about what I’ve learned about people and their personal finances as a student who …