7 Things You Don’t Know About Jeff Rose

7-things-about-jeff-roseThe Weakonomist from Weakonomics tagged me for some meme action.  What we’ve got here is a case of 7 things you don’t know about Jeff Rose.  I’ve seen a few other bloggers take part in this and I’ve almost done it a few times, but never pulled the trigger.  Well, now that I got tagged, I guess I have to fulfill my obligation :)

7 Things You Didn’t Know About Me” Meme Rules

1. Link to your original tagger(s) and list these rules in your post.

2. Share seven facts about yourself in the post.

3. Tag seven people at the end of your post by leaving their names and the links to their blogs.

4. Let them know they’ve been tagged. [Read more…]

Featured Money Blog of The Southern.Com!

thesouthern-logo

Over the weekend, I had mentioned that I had an announcement.  For those that are still in suspense, drum roll please…….

Good Financial Cents is now the featured “Money Blog” of The Southern.Com, The Southern Illinoisan is our regional newspaper that provides coverage for, you guessed it, Southern Illinois. According to the online editor, the site gets over 2 million hits a day.  Hopefully, some of those visitors will find their way to my blog.

Check out the link on the site.

[Read more…]

Alliance Investment Planning Group is Moving

moving-day-at-alliance-investment-planning-groupToday is the big day for Alliance Investment Planning Group to move into our new building.  Yeah!  We’ve been anticipating this move for several months now, so we’re very excited for the big day to actually arrive.  Looks like mother nature is going to be nice to us and give us some sun just chilly weather (high of 36 degrees).  I’ll take it considering the single digit weather we had last week.

Special Gratitude

Special thanks to Jonathon and the boys at Reppert Publishing for helping us move our furniture today.  Don’t know what we would do without you.

Same Phone

To all that are curious we will still have the same phone number in place as we had at our own office.  Our new address is as follows:

115 S. Washington

Carbondale, IL  62901

It that’s not good enough, here are some directions compliments of Google Maps:

View Larger Map

Have a Happy New Year!

Financial Planning: Let’s Get Started

financial-planning-lets-get-started

Ready, Set, Go!

Whenever I first talk to somebody that is interested in utilizing my services, I often get recurring questions into how the whole process works. 

Some of the most common questions are,

“How much is this going to cost?”  or “What can you do for me?” 

For those that have never sat down with a financial planner before, I wanted to share an example of how a first meeting might go.

First Financial Planning Meeting

First and foremost, I do not charge anything to meet with somebody for the first time.  The first meeting is solely an interview for both parties.   I’m interviewing you to see if you are a right candidate for my financial planning process.  You are also interviewing me to see if I’m the right man for the job.  A casual sit down face to face meeting will help both of us answer this question.

Information To Bring

Typically, I will talk to the potential client and instruct them on the type of materials that they would need to get together for our first meeting.  This would include:

  • brokerage statements
  • bank statements
  • retirement plan information (401k, 403b, TSP, IRA’s or pension info)
  • insurance information (Health, Life, Disability, Long Term Care)
  • social security benefit information
  • latest paycheck stub
  • will or trust documents, etc.

It never hurts to have too much information.  If feasible, I like to meet in my office, but a house visit is nothing out of the ordinary.  Actually, sometimes it’s nice to go to the home so that all the paperwork is already there and easily pulled from a file if it was initially forgotten.

Let’s Talk

The first part of the meeting is getting to know each other.  Kind of like an informal interview process to see if there is anything that I can bring to the table to better their situation.  It also works the other way in that they are interviewing me to make sure that I am the right guy to help out with their investments.  Hopefully, I make a good impression.  :) 

One of my best qualities is that I’m a naturally curious person.  I always like to find out what’s  “their story”.  Where did they come from?  Where have they worked? What do they do for fun?  What’s the best place they ever visited?  What was their first job?  It’s always interesting to find out what got that person to where they are today.

Down To Business

Then we’ll discuss their investment situation.  What’s working for them now?  Any investments that didn’t work out in the past? What do they like or dislike about their current situation? Have they ever worked with a financial planner in the past? This will ultimately lead into a discussion of what they need their investments to do for them: Fund their retirement goals. Buy a vacation home.  Pay for their daughter’s college, etc.

Crunching The Numbers

I will then take their investment information and head back to the office where I will input it into a tool to where I can analyze their portfolio to make sure they are maximizing their full potential.  Often times, people are not diversified enough or some of their current investments are lacking in performance. We will then schedule a second meeting to go over my recommendations to see where we might be able make some adjustments to put them in a better situation.

Overall, the first meeting is the most fun because I enjoy to meet new people.  I could listen for hours of people telling me all their life experiences.  That’s what makes starting the financial planning process such unique and enjoyable experience.

House of Rose: The Wife Has a Blog, Too!

Well, you knew that the day would come.  Since the first day that I started blogging, I have tried and tried to convince my wife that this would be something that she would be totally in to.  Of course, any time I suggest something it’s completely absurd and ridiculous (Any other husbands out there empathize?).  So I’ve been blogging for little over a month now and now who jumps on board……..the wife.  Not only has she jumped on board,  she’s blogging more often than me and I have to wait in line to the computer to get my chance.  I’m glad she enjoys it and that we have found another thing that we can do together.  Don’t tell her I said this, but she’s actually pretty good at it. Without further ado, welcome to blogging world…….my wife.

What is a Certified Financial Planner

cfpIn this day and age, professionals are laden with the alphabet after their names.  My industry is no exception.  When I started my career with my previous firm, we immediately acquired the AAMS (Accredited Asset Managment Specialist) Designation.  While serving in Iraq, in my downtime I studied for the CRPC (CharteredRetirement Planning Consultant).  These are just two of several designations that I could attain if I had the time and patience to study for them.  But despite the two I had, and several I could get: the coveted marks I knew I had to have was the mark of the CFP®. [Read more…]