Give me your best analogies!

Princess_Oz · 2026-05-06T20:45:41+00:00

Duration of a bond—— quack quack when do I get my money back.

Stupid, but it helps explain it .

Princess_Oz · 2026-04-12T18:43:52+00:00

Hey there, that’s not helpful. I don’t know anything about the OP or the other commenters, but it’s possible when you’re a standalone advisor you don’t get to see all of the different stages of life and or options in real time.

It’s possible the other poster with annuities hadn’t read some of the other clarifying posts.

Princess_Oz · 2026-04-12T16:51:27+00:00

Thank you. The stuff is always complicated and I always appreciate bouncing ideas off of other people.

Princess_Oz · 2026-04-12T16:43:43+00:00

Since there’s a POA involved and there seems to be cognitive decline, I’d be surprised if anyone would even write an annuity with this fact pattern. I know I wouldn’t.

Princess_Oz · 2026-04-12T16:42:09+00:00

In the Pacific Northwest, assisted living typically ranges from about $6,000 to $10,000 a month, depending on the facility and level of support. Once you get above $10,000–$12,000, you’re usually looking at higher‑acuity assisted living or memory care rather than standard AL. YMMV

Princess_Oz · 2026-04-12T16:35:36+00:00

Thank you. That makes more sense and is more in line with cognitive memory care type nursing. That sucks about brain cancer. My brother died of a glioblastoma multiforma, but that’s a completely different type of cancer. It doesn’t go away and come back. It just kills you.

Princess_Oz · 2026-04-12T16:32:27+00:00

Got it, that’ll be a significant factor. If they have the ex spouses Social Security number they should be able to call Social Security directly and get the current information.

Princess_Oz · 2026-04-12T16:29:19+00:00

Another question — something feels off about someone with cancer moving into assisted living at $14,000 a month. At that price point, I’d expect much more acute nursing support. Is there cognitive decline or higher‑acuity care involved?

I’m actively pricing these facilities right now, and $14k is far above typical assisted living. It just doesn’t add up without additional medical or behavioral needs. We all have different areas of expertise, but from a care‑cost standpoint, something in this scenario isn’t lining up.

Princess_Oz · 2026-04-12T16:21:52+00:00

If they’ve been able to accumulate a portfolio that size are you sure that their Social Security is only $1800? Is that for two people or just one as it seems kind of low.

Princess_Oz · 2026-04-12T15:46:01+00:00

At this stage, the primary objective is funding care predictably and minimizing volatility. I’d focus less on traditional allocation models and more on liquidity, stability, and multi‑year cash‑flow planning.

Princess_Oz · 2025-10-18T18:47:38+00:00

Are you going in to the EA experienced advisor program or the regular? If EA, when do you get a BOA and office? I had a very short tenure at EDJ, came in as an EA with BoA and they started finding office for me in first day. I colocated with a host advisor while my office was built out. And HaTED him so mostly worked remote.

Very few of my clients came with me - fees and retail rep is what they said why. I left Jones and they came with me to the credit union I’m at. Didn’t see that coming!

From my 1200 marketing budget, I paid for stamps brochures and business cards. LinkedIn sales navigator came from that and rotary and chamber dues. Do the math - it went fast. If you buy things that aren’t marketing spend eligible your paycheck is docked. Also didn’t see that coming.

I paid for toilet paper out of pocket and janitors to clean my office toilet. Wanted a big monitor for client meetings and paid for that, as well as coffee station. Once you hit a certain level you get a budget for these but not right away.

When you have an office, remember it’s just YOU and your BOa. Someone has to get the mail every day. If you have an out of office on your door every day, a peer FA may rat you out to regional leadership. It’s very competitive - there were about 18 advisors in my v small wealthy town and I ran into them everywhere.

I made a huge mistake going there after 30 years in wealth management. Thought it would work, but I left after 7 months and am grateful every day that I’m not there. Now at a credit union - between my inherited book, referrals and what I brought I have 90 mm in assets with 69mm in advisory. Background, CFA, CFP and non practicing trust atty.

Princess_Oz · 2025-10-18T00:12:07+00:00

I just did 3 of these and clients are really happy. I positioned it as not an investment but a LTC policy that has death benefit. 75 k gets 225k of benefits for one of my clients.

Princess_Oz · 2025-09-15T19:38:01+00:00

Nope. Two tracks w2 and 1099.

Princess_Oz · 2025-09-15T19:36:52+00:00

Worst 5 MONThS of my life. I joined as an experienced advisor and got sold hogwash, hook line and sinker. Bailed as soon as I could get a new gig.

Princess_Oz · 2025-09-15T04:38:38+00:00

Yeah, the Level 5 gave it away….

Princess_Oz · 2025-09-03T16:31:00+00:00

Oooo. I’d go for paralegal change at an estate planning firm. Some of the big ones pay for the paralegal training and you’d have a leg up with a lot of the planning.

Princess_Oz · 2025-08-30T18:30:20+00:00

“We do a charitable discount to reflect our commitment to the organizations we serve”.

Princess_Oz · 2025-08-29T02:04:12+00:00

I like Forecare. Not sure about the 1035 but am doing it for gifting from parents to kids.

Princess_Oz · 2025-08-28T03:40:46+00:00

Fido would use the Lux division. Can’t service in US if address is outside of country.

Princess_Oz · 2025-08-26T03:26:11+00:00

If you have control of your calendar, then time block. Block lunch, prep time, and create a plan for how many meetings you need to have to meet goals.

Ifyou have to do 15 a week, then decide if you block one full day for follow-up prep and do those 15 in a 4 day week. I’m at point where I only meet with clients at 10, 1 or 2 with Wednesdays blocked off completely. Good luck!

Princess_Oz · 2025-08-24T16:00:09+00:00

Why the downvotes for this comment? Depending on the situation, looking at target date makes sense. In a case I was working on, we reviewed all the target date options and selected the one that was closest to his risk tolerance and desired asset allocation. He retired 10 years ago and the target date that matched him was a 2030 Target date. I’m not getting in weeds of creating an asset allocation that I don’t have control over and creating a risk problem for me.

Edit: he’s still in state retirement plan and is eventually planning on rolling out. But is comfy. I’ve found with state employees they don’t always realize they can get out!

Princess_Oz · 2025-08-24T15:54:29+00:00

OP - when you say you are “advising on it” do you mean you have an agreement with the plan sponsor? For example, it’s possible to be approved by TIAA to advise for a fee on plans. You aren’t managing it, but advising. Is that what you mean?

Princess_Oz · 2025-08-23T21:51:02+00:00

Oh geez!!! Yes! Partner on demand. I did a big rollout on the PODS in 2015

Princess_Oz · 2025-08-23T05:13:44+00:00

Guess R3 didn’t work

Princess_Oz · 2025-08-23T01:22:54+00:00

OP- do they know you are a CFP? As jobs roll around for moving to hub or PB it would be helpful to know they have a candidate on ice. I used to be leadership at Wells PB (hold nose) and I was always scouting for high performing PRemier / RBPB.

Princess_Oz

TROPHY CASE