Very early in the morning on a recent day, a client in another part of the country called. As I picked up she quickly said “I could not wake him up this morning. The ambulance just left for the hospital. Wanted you to know. Gotta go!”

One of the benefits of being in this profession for over thirty years is that we have seen broadly held industry assumptions about investments, rates of return, and strategies change dramatically over time. Our conservative assumptions about long term rates of return are built on our team expecting that the zeitgeist is probably wrong and the actual results are likely to be very different several decades into the future.

“Tell me I am a good man”, the elderly James Ryan says   “What?”, replies his beloved wife   “Tell me I have led a good life.”   These are the last few lines of dialog from the film Saving Private Ryan. The elderly James Ryan is kneeling over a memorial grave stone in Normandy, France. He has returned to pay respects to the Captain who gave his life to save Ryan’s in 1944. James Ryan, like many people, has a deep visceral desire to leave a legacy. Do you? Do you want to know how?

A simple Google search for an estate planning attorney can return millions of results. The idea of sorting through all of these search results can seem daunting. Furthermore, choosing the wrong attorney can cause significant, and often costly, problems if your estate plan is incorrect. If you are in need of an estate planning attorney and are unsure of where to start, below are a few questions and answers that may help you find an attorney who is right for you.

Part of our work as asset managers is to generate sufficient cash flow for regular income.   A long-time client came in for a review last week, and we carefully reviewed her prior year income and expenses. She had managed her cash flows really well - right in line with her budget forecast for the year. Her Destiny Capital portfolio was specifically designed to distribute an exact amount of cash to her from her investments. We send this portfolio income to her bank account as an automatic quarterly deposit. Having an income target such as this allows us to construct the optimum investment portfolio in order to “Hit the Bullseye”. When we do this, her actual financial performance improves.  Having this bullseye allows us to position her total portfolio to function optimally and operate efficiently with only minor changes along the way. It keeps the majority of her capital invested to continue working for her. As a part of each review, we always ask what the next year looks like. In this case, she said "Well, I am thinking about doing something big next year with my kids and grandkids. I want to go see Mickey and Minnie with them in Orlando." She shot me the rough cost of the trip in addition to her standard annual budget. We adjusted her portfolio to make the new quarterly distributions and set aside the Disney trip money she would need for next summer. This is planning!