living a rich life: investing in what matters a... · living a rich life: investing in what matters...

Living a Rich Life: Investing In What Matters

Sara Gans, CFP®, ChFP® - Senior Manager, Private Client ServicesJamil Sanders, Manager, - Private Client ServicesWilliam Gandert, CFP®, RICP® - Manager, Wealth Planning

Panelists

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William Gandert, CFP®, RICP®

Manager, Wealth Planning234.466.1414

wgandert@sequoia-financial.com

Sara Gans, CFP®,ChFC®

Senior Manager, Private Client Services330.255.4346

sgans@sequoia-financial.com

Jamil SandersManager, Private Client Services

234.466.1325

jsanders@sequoia-financial.com

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As an independent financial services firm, our salaried, non-commission professionals have access to a variety of solutions and resources and our recommendations are based solely on what works best for you, not us.

About Sequoia Financial

Group

Discovering your Values

Aligning your Values

Implementing your Values

Agenda

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Discovering Your Values

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Values are defined as:• A person's principles or standards of behavior;

one's judgment of what is important in life• Ever changing based on life experiences

Why are values important?• Provide life framework

How are values developed?

Free • Free your mind from any biases or overthinking

List • Traveling• Saving for a down payment on a new home• Buying fine wine • Growing net worth • Social experiences & events • Saving for children’s education

Set • Set a realistic time limit to complete exercise

Brainstorming Your Values

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Establish criteria • What values hold the most weight in your

life currently? And why?• Short-term and long-term values

Select 5 to 10 most important values from your original list

Having difficulty?• Ask for perspective• Elimination method

Prioritizing Your Values

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Creating & having a budget can be enjoyable! • Check out our cashflow worksheet &

budgeting recommendations

Income – Expenses = Surplus Cash Flow

We recommend having multiple budgets: • A plan when cash flow is good • A plan when cash flow is tight

(prioritizing needs vs. wants)

Managing Cash Flow

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Establish an emergency reserve

Allocate surplus cash flow to align with values

Example: If you have excess cash flow every year, you could:

• Allocate cash to travel account• Save for a down payment of a new home • Start a college savings account for children and

contribute annually • Increase contribution to retirement plan • Save in a taxable account

Create a systematic plan to save

What To Do With Excess Cash

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Review annually or as major life events occur • Career Changes• Marriage/Divorce• Having Children

When To Make Changes?

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Why do we plan?

What does the plan give you?

How can your plan remain nimble?

Bringing It All Together

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How do your values fit into your overall plan?

How can you be prepared to adjust?

How do you effectively and efficiently implement your values?

Implementing and Adjusting

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Bucketing approach to savings• Goals based savings

Using technology to for planning• Static vs inflating cash flows• Stress testing• Outside variables

Efficient Planning

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Lessons learned• Established values are important• Your values matter (and they won’t always

remain constant)• Using assets efficiently to pursue values• Values shouldn’t be looked at in a vacuum• Implementing values into your planning

process

Summary And Next Steps

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Questions & Answers

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William Gandert, CFP®, RICP®

Manager, Wealth Planning234.466.1414

wgandert@sequoia-financial.com

Sara Gans, CFP®,ChFC®

Senior Manager, Private Client Services330.255.4346

sgans@sequoia-financial.com

Jamil SandersManager, Private Client Services

234.466.1325

jsanders@sequoia-financial.com

To begin the conversation, we invite you to schedule a complementary meeting with our Advisors. Visit www.sequoia-financial.com/talk or reach out to any of our panelists by phone or email.

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This material does not constitute tax, legal, investment or any other type of professional advice. You should consult with a qualified tax, legal or financial advisor prior to making a decision. The financial instruments discussed in this brochure may not be suitable for all investors and investors must make their own investment decisions based upon their specific financial situations and investment objectives. Information has been obtained from sources believed to be reliable, but we do not guarantee their accuracy or completeness. While we have taken great care in the preparation of these materials, we cannot be responsible for clerical, computational, or other errors. Except where otherwise indicated herein, the information provided herein is based on matters as they exist as of the date of preparation, and may not be updated or otherwise revised to reflect information that subsequently becomes available, or changes occurring after the date hereof.

Investment advisory services offered through Sequoia Financial Advisors, LLC, an SEC Registered Investment Advisor. Registration as an investment advisor does not imply a certain level of skill or training.

©2020, Sequoia Financial Group, all rights reserved.

Disclosures

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