Brian Walsh | Source | Certified Financial Planner and Head of Advice & Planning at SoFi
Brian Walsh
Brian leads the financial planning efforts at SoFi. As a self-proclaimed financial-planning nerd, he leverages research, member feedback, and past experience to deliver advice that is both meaningful and practical. He is a CERTIFIED FINANCIAL PLANNER™ Professional. Brian also has his Chartered Life Underwriter® (CLU) and Chartered Advisor for Senior Living (CASL) designations, as well as a PhD in Personal Financial Planning from Kansas State University. Prior to joining SoFi, Brian was the director of financial planning solutions at TIAA and was responsible for the planning approach used to deliver over 100,000 financial plans per year to clients.
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SoFi (http://www.sofi.com)
Certified Financial Planner and Head of Advice & Planning
started Jul 2018
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What is 401(k) matching?
The amount of a match will vary by employer. Brian Walsh, head of advice and planning at SoFi, said that while the actual dollar amount may appear to be small, matching money can add up to hundreds of thousands of dollars over time, especially for young workers entering the workforce.
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Should I Pay Off My Mortgage?
People who are in or near retirement may also do well by reducing fixed expenses such as their mortgage, says Brian Walsh, a certified financial planner at digital bank and lender SoFi, who is based in Grand Rapids, Mich. It could ease their cash flow.
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What Is Umbrella Insurance
Although everyone’s needs differ, there is a general rule of thumb: “If your assets exceed your liability coverage in your auto or homeowners insurance policies, then umbrella insurance would be a good idea,” says Brian Walsh, a certified financial planner with online financial services firm SoFi.
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Strategic Retirement Planning with Reverse Mortgages
Brian Walsh, CFP at SoFi, highlights reverse mortgages as income boosters for seniors, reducing retirement risks. He emphasizes the importance of understanding associated costs and implications for heirs. For accurate payment calculations, he suggests Dr. Wade Pfau's online calculator.
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When people start tracking their spending, they may see unused services come up. Gym memberships, game memberships, Netflix and Hulu at the same time. These can be easy cuts to make.
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We recommend the 50/30/20 rule for budgeting.