George Kinder's Seven Stages of Money Maturity is Featured on the Wall Street Journal's Top Financial Reads for the Summer

 

 

Nearing retirement? Consider George Kinder’s “The Seven Stages of Money Maturity: Understanding the Spirit and Value of Money in Your Life,” says Jake Engle, a certified financial planner at Wealth Planning & Management in Vancouver, Wash. “Kinder provides questions and answers to help people deal with what retirement is really like,” Mr. Engle says, and it isn’t just about the money—it also helps readers “understand that work isn’t your identity and that freedom is a great thing.”

https://www.wsj.com/articles/the-financial-books-that-should-be-on-your-summer-reading-list-1531101961

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Is there enough training on soft skills

 

If soft skills are so vital to being an effective financial adviser then it makes sense for the industry to offer sufficient training.

This could be training for those just starting out as advisers who want to know how to develop and start using these interpersonal skills, or it could be courses which help those who have been financial advisers for years but who are keen to brush up on their skills.

Read full article here

FT Adviser

by Ellie Duncan

https://www.ftadviser.com/investments/2018/04/05/is-there-enough-training-on-soft-skills/

 

Voices Legacy building: Are advisors up to the task?

Helping clients leave a legacy is one of the more difficult, and nuanced, challenges facing a financial planner.

With many retirees having accumulated significant wealth through their workplace retirement programs, and through real estate, there are more families passing on wealth to their heirs. Where historically most retirement income was generated through pensions and disappeared at death, 401(k) and IRA retirement plans have the capability of securing wealth for generations to come.

Sometimes married couples aren’t on the same page; sometimes a single client has no family but still wants to leave a positive impact; and sometimes clients simply don’t know what they want to do. Rest assured, you can help in each case.

https://www.financial-planning.com/opinion/how-to-help-clients-leave-an-impact-after-theyre-gone

 

Financial Planning

by Dave Grant

April 3, 2018

Financial Planning
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Three Life Lessons I Learned When My Wife Died at Age 32

With Valentine’s Day this past week, most people’s focus was on hearts and flowers as they considered ways to show their love.  It’s too bad that estate planning and life insurance — arguably the most appropriate gifts for a loved one when you really think about it — will not even remotely enter the mind of the vast majority of the people who need it most.  By the way, if you’re reading this post that means you if you haven’t already taken care of them.  

As previous readers know, last year my wife Sarah passed away after a long illness.  She was only 32.  We had been married for just under five years.  There’s nothing quite like the loss of a spouse at a young age to make you step back and think.  I’ve been doing a lot of journaling and reflecting over the past six months and here are some of the three most important things I’ve learned.  I hope that by sharing my story I can help encourage you to think about these things and take action if needed.  

by Daniel

Click here to read more...

George Kinder on Life Planning, Inspiration and A Golden Civilization

WHO: George Kinder

WHAT: Author, trainer, speaker, father of the life planning movement

WHAT'S ON HIS MIND: "Life planning is fundamentally a listening skill."

FPA RETREAT 2018:  Don't miss George Kinder, as well as other financial planning thought leaders, at FPA Retreat 2018.  Register HERE.

The father of life planning, George Kinder, has been influencing the planning profession through his teachings and writings for more than two decades. And he’s not slowing down anytime soon. He’s finishing his latest book (available later this year) and will give a keynote address at FPA Retreat in April.

Kinder and I spoke via phone from his part-time home in Hawaii about life planning, his teachers, and where he finds inspiration.

Click here for more information...

George Kinder heading a panel titled Implementing Life Planning

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George Kinder headed a Panel at the PFS in Birmingham. Click here to see to the full panel.

Implementing Life Planning    

Other members of the panel include:

·       Luella Keeley, Moderator

·       Michael Fairweather

·       Justin King

Implementing Life Planning Panel Description;

The panel will be discussing how advisors are becoming increasingly aware of the importance of understanding not only a client’s financial situation, but also how their aspirations, concerns, and values tie into their financial lives. Hear directly from the “Father of Life Planning," George Kinder, as well as practitioners who have implemented various life-centric approaches into their practices as they share their processes, techniques, and tools used in this evolving space. 

The panelists also shared:

·       How to develop the skills needed to be successful in Life Planning.

·       The resources they found most helpful along their own journeys.

Click here to listen to a radio journalist interview George at the event.

FINANCIAL SERVICES INNOVATOR GEORGE KINDER AWARDED TRANSPARENCY TROPHY

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Kinder Institute of Life Planning

Chris.Booth@KinderInstitute.com

FOR IMMEDIATE RELEASE

October 3rd, 2017

Boston, MA – George Kinder, father of the Life Planning movement in financial planning and founder of the Kinder Institute of Life Planning is the latest recipient of the Transparency Task Force’s Transparency Trophy for his decades-long dedication to increasing authenticity and consumer-centric thinking in the financial services sector.

The Transparency Task Force, a UK based group committed to bringing together professionally-minded individuals and ethically-led organizations, presented the award at their first United States event in Boston’s Financial District on September 28th. The Transparency Trophy was created to honor those in the financial services sector who seek to expose and correct the predatory opacity that exists within the financial industry.

From the Transparency Trophy award description:

“The Transparency Task Force awards a Transparency Trophy to individuals who are helping to 'lead the way' towards a more transparent financial services sector. They and their organisations are key to demonstrating exemplary behaviour to the rest of the market.”

Andy Agathangelou, founding chair of the Transparency Task Force, is in talks to expand his organization’s symposiums to major cities throughout the United States. He can be contacted for comment by email at Andy.Agathangelou@transparencytaskforce.org

George Kinder is currently booking speaking events across the United States and the United Kingdom in anticipation of the release of his new book A Golden Civilization which addresses how to create a civilization that thrives with freedom for all for thousands of years. He begins with the economic and political crises of our time and the concomitant distrust of financial advisers and politicians. Ranging from media to leadership to markets and democracies and with a core focus on financial advice, Kinder looks for the systems and structures that could sustainably produce a Golden Civilization for thousands of generations.

In November, Kinder will be delivering training courses to financial professionals who wish to join the 3000 advisers in 30 countries on six continents who have already earned the Registered Life Planner® designation. Information on details and registration can be found at www.kinderinstitute.com/events. You can also find him at the Personal Finance Society Festival of Financial Planning highlighting a panel of Life Planners speaking about “Implementing true Financial Life Planning.” Registration for the Festival of Financial Planning can be found here: http://www.pfsfestival.org/.

4 Must-Dos Before Retirement

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I've seen too many people get too late a start on these four essential retirement checklist items.

By EVAN T. BEACH, CFP®, AWMA® | Campbell Wealth Management
September 2017
There is a laundry list of financial items you should tackle before you retire. After meeting with several hundred people who have recently retired, or are about to, I have concluded that the vast majority of people are not overthinking it. In fact, I met with two people last week who told me they had just retired and were now ready to plan. Try to avoid that sequence. Click link to read  more.

http://www.kiplinger.com/article/retirement/T023-C032-S014-4-must-dos-before-retirement.html

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“The Whole Financial Planning Process is Wrong” Expert Says

George Kinder article

 

“The whole financial planning process is wrong,” says George Kinder, widely recognized as one of the chief educators and influencers in the financial planning profession.

But what exactly does he mean, and how does he justify this bold statement?

First, let’s separate the work of financial planning into two different elements--let’s call the first quantitative analysis and the second qualitative analysis.

 

Read full article here.

 

Take More Risks in Life and Less in Investing

Published June 25, 2017

by Tim Maurer in Forbes

“I just really wish I’d taken more risk in my investment portfolio,” said no one--ever--on their deathbed.

That may seem like an odd observation, unless you consider the fact that I had the privilege of spending a couple days recently with life planning luminary George Kinder. Among other benefits, I was able to reacquaint myself with his famous three questions, elegantly designed to progressively point us toward the stuff of life that is the most important--to us.

Click here to read an article about Taking Risks in Life

 

 

 

 

https://www.forbes.com/sites/timmaurer/2017/06/25/take-more-risk-in-life-and-less-in-investing/#260c18683772

Honoring the man who forever changed the financial planning profession

“Richard B. Wagner, one of the genuine original thinkers of the financial planning profession, died (in March) from injuries suffered after a fall. In over 30 years, Wagner, George Kinder, Roy Diliberto and a small group of other advisers conceived the financial life planning movement and expanded the frontiers of an emerging profession. During that period, financial life planning was transformed from an esoteric aspect of what advisors did into the mainstream.”

 

http://www.marketwatch.com/story/honoring-the-man-who-forever-changed-the-financial-planning-profession-2017-05-19

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George Kinder's Latest Article in FP Today! Kinder: Chartered and Certified both unsustainable

If you want my contemporary take on the designations, I think both CFP and Chartered are impressive as far as they go. With great respect for each, my personal preference is toward the CFP with its dedication to actual planning and its more holistic approach.

Having trained advisers from 30 countries, I also greatly value its global reach. I do carry a bias, holding the CFP designation myself, although no longer active as a practitioner. Frankly, I think both designations are fine.

But my perspective is no longer a contemporary one. I have been deeply troubled by the crises in economics and democracy we have seen across developed civilization over the past ten years, and the attendant diminishment of trust in the institutions we have assumed bring freedom into the world.

 

Click here to read the full article.

Why Life Planning Is Simply Financial Planning Done Right With George Kinder

This week’s guest is George Kinder, who is known to most as the “father” of the life planning – a way of holistically delivering financial planning that focuses on delving into clients’ real goals, beyond just their financial concerns, in an effort to help them use their money to deliver freedom into their lives.

What’s fascinating about George, though, is that he didn’t start out trying to create a movement towards life planning. George was actually a math major at Harvard, who then became a CPA (and earned the Bronze Medal for the third highest score in his entire state on the CPA exam!), and only began to explore the intersections between financial planning and psychology after forming a niche financial advisory practice delivering advanced tax strategies for self-employed psychologists and therapists!

What You’ll Learn In This Podcast Episode

  • How George went from being a Math major at Harvard, to doing tax returns as a CPA, and ultimately transitioning into financial planning. [2:14]
  • Why George believes that “freedom” is the most important aspect of personal and professional motivations. [5:51]
  • George’s definition of life planning: The most efficient process for delivering freedom into a person’s life. [7:13]
  • How life planning is distinct from the short- and long-term goals financial planners often pursue. [10:05]
  • George’s three life planning questions he asks of new clients, and their typical answers. [14:38]
  • How to work up to asking weighty, personal, and potentially awkward questions of your clients. [26:33]
  • Two of George’s most important questions for clients: why are you here? And who do you want to be? [28:23]
  • Why George always ended his first meeting with a soft sell, which often has clients dying to work with him right away anyway. [35:49]
  • How the concept of life planning was initially popularized, and why it resonates with financial planners in particular. [44:48]
  • Whether financial planning and life planning are complementary goals or on opposite ends of the planning spectrum. [57:17]
  • What George hopes for the future of financial planning, and how we could improve the CFP curriculum around the world. [1:00:28]
  • George’s thoughts on potential changes to the economy and society at large that would better align our lives with the goals of life planning. [1:08:41]

Click here to listen today. https://www.kitces.com/blog/george-kinder-institute-life-planning-podcast-seven-stages-maturity/

Listen to Jenny Hoff's podcast with George Kinder

Listen to Jenny Hoff’s interview/podcast with George Kinder

Dubbed the “father of life planning” and author of the seminal book on money, “The Seven Stages of Money Maturity,” George Kinder has been an investment and wealth professional for more than 30 years, coaching thousands of advisers on how to do more than just talk about financial products, but how to get to the root of what people really want in life before creating a financial plan to make it happen.

With decades of experience as a mindfulness and meditation teacher as well, Kinder has a unique insight in helping people find their true wants in life and then finding the ability to fund those dreams. In this episode, Kinder talks about the three most important questions to ask yourself in order to understand your life goals, questions his thousands of advisers ask their clients through the Kinder Institute of Life Planning.

Get Charged Up about planning your life!

http://www.creditcards.com/credit-card-news/episode-13-charged-up-george-kinder.php

Jenny Hoff, creditcards.com