An Open Letter to Mr. Field

Daniel YergerFinancial Planning 1 Comment

Dear Mr. Field, Today, I write this open letter to you because I had the mixed fortune of watching you speak before 200 or so NexGen financial planners. I call it mixed fortune because I thought you spoke well for the most part. Your story of the pizza parlor and its pay-it-forward policy was heartwarming. Your personal journey of having …

Small Errors, Big Problems – An Inflation-Adjusted DIY Case Study

Daniel YergerFinancial Planning Leave a Comment

Recently, a financial planning colleague asked on his Twitter page: DIYers – What average investment return (profit) do you assign to your retirement plan? What’s your reasoning? — Tyler Olson (@olsonplanner) August 20, 2023 One of the first replies was from an Anesthesiologist: “5%. Expect 7% and account for 2% inflation with projection for “today’s dollars.” While that seems like …

Charles Schwab Transition

Daniel YergerAbout the Firm 3 Comments

Well, folks, the time has come. After Charles Schwab began the acquisition of TD Ameritrade in 2019, it is finally consummating the acquisition over Labor Day weekend. The transition starts Friday night, September 1st, and is expected to be done by 5 am on Tuesday the 5th of September. If you’re not an investment management client of MY Wealth Planners, …

The Opening of the New Office!

Daniel YergerAbout the Firm 4 Comments

Hello everyone! We are excited to share the opening of our new office in the prospect neighborhood. We’re looking forward to meeting with you in our new space, and cannot wait to share the next step of the adventure with you! Today is also the first day of work for our new Wealth Planner Assistant, Emily Green. Emily has several …

Paying and Getting Paid What You’re Worth

Daniel YergerFinancial Planning Leave a Comment

About a year or so into being a financial planner, I was given an opportunity to speak to the Women’s Community within the Boulder Chamber of Commerce. I had a fifteen-minute block, alongside an investment adviser from Boulder and a disability insurance saleswoman, who had their own fifteen-minute blocks. The investment adviser gave some good, if perhaps a bit off-base …

Uncle Sam Wants His Share

Daniel YergerFinancial Planning Leave a Comment

One of the most common frustrations of a financial planner, really, of any financial professional, is when the client does things backwards. They make a big financial decision and take a big financial action, then afterward, come to the professional seeking advice on how to mitigate the consequences of their decision. “How was I to know that selling that condo …

Attracting Talent to Your Team

Daniel YergerAbout the Firm Leave a Comment

We have gotten a huge number of applications for our financial planner assistant position and almost as many questions from our fellow financial planners: “How did you get so many people to apply to your financial planner assistant position?” Well, today we thought we’d share both the elements of the job posting and the elements of how we screen candidates …

Pick Two

Daniel YergerAbout the Firm, Financial Planning 1 Comment

As the old expression goes: “You can’t have your cake and eat it too.” Yet it seems there are cultures both among aspiring financial planners and financial planning firm owners that attempt just that. Students and career changers have casually shared with me time and time again that they’re looking for a position for two or three years that will …

2023 Employee Benefits Guide

Daniel YergerAbout the Firm Leave a Comment

Hello everyone! In the spirit of transparency and building in public, we’ve always made a best effort to share our own compensation and benefits model with you as our clients and community. It seems only fair as people who talk to our clients about their money that we talk about our own money. So, today I’m sharing our updated employee …