Michael Briscoe

Husband & Dad | Washed up football guy | Financial Advisor | Tweets ≠ Advice

[Michael Briscoe @mbriscoe_12]

@walasavagephoto @NNinerfan @FluentInFinance You should probably look into how margin on taxable accounts work

[Michael Briscoe @mbriscoe_12]

@MrNQDC @Jake___Oliver I have a client (retiree) who got fear sold annuities during the election by the 401k provider. She’d happily give up the protection to get out of the annuities without the surrender

[Travis Gatzemeier, CFP® @T_Gatzemeier]

JP Morgan's "Guide to the Markets" is a goldmine for illustrating investment topics.

Here are 8 charts that I think will help anyone become a better investor.

[Michael Briscoe @mbriscoe_12]

@_NickWhalen "wait a few more minutes". Buddy pooped and you want to change him? Wait a few more minutes. He'll poop more. Want to set him down because you think he's asleep? "Wait a few more minutes". He'll wake up, he's faking sleeping. 😂 It is all worth it though! Enjoy it. It goes fast!

[Thomas Kopelman 💵 @TKopelman]

There is nothing wrong with handling your own financial life

If... you put the time into it and learn what you need to know

However, I have found most DIYers are leaving a lot on the table

Here are some of the impactful financial planning moves to make that most DIYers aren't leveraging:
- backdoor Roth IRA
- mega backdoor Roth IRA
- Roth conversions
- Roth and traditional at the correct times
- tax loss harvesting
- direct indexing / long short direct indexing
- lumping charitable giving/utilizing a Donor advised fund
- cash balance plans
- profit sharing into their 401(k)
- spreading ISO exercising across years to minimize AMT
- getting tax location right for where there investments should be
- using an HSA eligible plan at the right times and investing the HSA
- hitting safe harbor tax estimates (way too many penalties being paid)
- leveraging trusts (both revocable and irrevocable)

Missing many of these makes a huge difference long term

[Thomas Kopelman 💵 @TKopelman]

“The difference between a 1% fee & no fee results in over a 6 figure difference”

Sure…

But You’re assuming that person does all the right things:
- manages behavior
- gets tax location right
- tax loss harvests
- knows how to withdraw correctly
- rebalances
- does tax planning

[Michael Briscoe @mbriscoe_12]

Volatility in the markets is a guarantee.

You will have the best results if you stay patient and stay invested.

[Michael Briscoe @mbriscoe_12]

The majority of investors:

1. Experience a bad outcome
2. Emotionally anchor themselves to that outcome
3. Prevent themselves from acting rationally moving forward

Dealing with this takes outside help and perspective.

Financial advisors are more than just money managers!

[Michael Briscoe @mbriscoe_12]

As we get older and get better jobs that pay more, taxes will begin to increase.

Let's discuss some ways to tackle "tax-bracket creep"

[Michael Briscoe @mbriscoe_12]

Retirement planning is a journey, and the last year is a time to make final preparations.

Enjoy the opportunities retirement presents and make the most of it!

[Michael Briscoe @mbriscoe_12]

Planning for retirement?

Here's a 10-year checklist to help you prepare for a secure and enjoyable retirement.

[Michael Briscoe @mbriscoe_12]

1 Year Before Retirement:

Tie up loose ends at work, plan your financial transition, and set boundaries with family and friends.

It's time to start the retirement journey!