As a founding member of Facet Wealth, Brent brings over a decade of experience as a financial planner to support Facet’s mission of making high-quality financial advice more affordable and accessible to families that need it most. As chief evangelist, Brent guides the vision of Facet’s financial life planning experience, ensures consistent brand messaging internally and in the industry, and acts as a champion and advocate for the financial planning profession.
Automate savings everywhere you can. What we typically do is spend first and try to save what’s left. Pick some amount that can work for you, save first and automate it.
In this strategy, there is a specific stock to bond weighting, like 60/40 or 80/20. A portfolio manager then selects the underlying mutual funds that comprise the stock or bond allocation.
Assume you have one annuity that requires an investment of $100,000 and pays you $5,000 a year, but another that requires an investment of $100,000 and pays you $10,000 a year. In this scenario, the first is more expensive as you have to pay more money to receive a dollar of income, and therefore what if you could sell one and instead buy option 2?