Quarter 3 Update: Protection Planning
Hello and welcome to Q3 of your financial planning experience!
We hope you have had a great start to the summer and are finding time to enjoy the good weather (When we have it!). This quarter, our theme of financial planning is Protection. As a reminder, we hope this platform will serve as your go-to source of financial planning advice and engagement with me and my team. If you have not already, it is helpful to save the link as a favorite on your internet browser so you may quickly navigate here if you wish to interact.
Look forward to connecting soon,
Dakota Brizendine
Quarterly Conversations
I’d Like to Review & Discuss
Learn Me
Ice cream and risk both come in cones
Explore the relationship between risk and reward. Although we’ve all heard “no risk, no reward” there is more complexity that we should understand before we make any type of investment, whether it’s time or resources.
Catch Me Up
Investment Planning in the News
These timely articles discuss different aspects of protection planning. Click any title to open and read the full article.
Estate Planning 101: What is Estate Planning?
via Trust & Will
Estate Settlement 101: Settling an Estate after Death
via Trust & Will
The Truth About LTC Coverage and Medicare/Medicaid
via healthline
EY on how Insurance + Investments improve retirement/legacy outcomes
via EY
Send Me
The Book of the Quarter
Why do we not acknowledge the phenomenon of black swans until after they occur? Part of the answer, according to Taleb, is that humans are hardwired to learn specifics when they should be focused on generalities. We concentrate on things we already know and time and time again fail to take into consideration what we don’t know. We are, therefore, unable to truly estimate opportunities, too vulnerable to the impulse to simplify, narrate, and categorize, and not open enough to rewarding those who can imagine the “impossible.”
Mindset Me
The Risk Matrix
Every day we take on risks, from crossing the street to even breathing air. So how do we decide which risks are worth taking and which risks have too much probability or severity to take? The risk matrix can help provide some visibility to risk decision-making to help us optimize not only our investment portfolio but also our lives.
