Highlights from show aired June 26, 2021
Mike is joined by Eddie Holland, Ronald Blue Trust advisor, and Hayden Ericks, Ronald Blue Trust intern, to discuss what makes Ronald Blue Trust so different.
Some of what makes us different than most other financial planning firms:
- Our core philosophy is: “Helping Christians free up resources for the fulfilment of the Great Commission.”
- Our core focus is on financial planning, not on bringing in assets.
- We don’t earn commissions from products we sell because we don’t sell anything! Our fee-only structure helps make sure we are truly looking out for the best for our clients.
- We want to work with both spouses to make sure everyone is comfortable with the financial plan and give you both peace of mind financially if something were to happen to either one of you.
- We have a saying that we are “courageous to advise,” meaning we aren’t afraid to have difficult conversations and tell you what you need to hear, not what you want to hear.
- We want to feel like your personal CFO: asking you questions to fully understand your financial situation and goals so we can help you achieve those goals.
Becoming a client involves a couple of steps:
1. Initial phone conversation: What is the client looking for?
- Tax Planning
- Charitable Giving Strategy
- Investment Strategy
- Preparing for Retirement
2. In person meeting or virtual meeting:
- Asking and answering questions of each other to find out if we are a good fit for each other.
- Making sure we go fully in depth, even answering questions you may not know you had.
- Really getting to know financial goals and financial situation.
3. The client hiring us to fully create and implement the plan.
We try to capture the essence of a person’s financial picture, create their plan, lay out that plan, and then implement that plan. We also work to change and adjust the plan as things change. We see the plan as a living, breathing document and review it often.
A financial plan may include:
- Social Security Strategies
- Income Tax Optimization
- Insurance Planning
- Roth Conversion Planning
- A withdrawal strategy
- Medicare considerations
- Pension lump sum calculations
- Estate Planning
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