Nathan Harro, CFP®️

CEO/Founder of Flightplan Financial. Talk to me about finance, golf, and Liverpool FC!

[Nathan Harro, CFP®️ @nathanharro]

@thesamparr Your Best Child Ever

By Jeremy Roadruck @KungFuGuyJeremy

https://t.co/24KpRvhcjk

[Nathan Harro, CFP®️ @nathanharro]

@MikePolicarNGP @RyanPKirlin Probably 8 or 9 years. We thought we had drained it

[Nathan Harro, CFP®️ @nathanharro]

@RyanPKirlin @MikePolicarNGP Mine got sent to unclaimed property in a state I don’t live in because “they hadn’t heard from me in a while”

[Nathan Harro, CFP®️ @nathanharro]

@MikePolicarNGP +1 for ebook along with the audiobook as mentioned by @andreacpa0

If I’m listening on a road trip (not reading along), then for notes I’ll just pause, screenshot the time in audible and dictate my thoughts into a note on my phone and put it into my database later (I use Notion)

[Nathan Harro, CFP®️ @nathanharro]

@awealthofcs @dollarsanddata I was a fan of this bull market way before it got popular.

[Nathan Harro, CFP®️ @nathanharro]

@MikePolicarNGP @DividendGrowth @mdarmstrong Yes, if you have a solo Roth 401k, you can make 19.5k in Roth contributions and 38.5k in after tax and immediately convert the after tax to Roth and in effect get 58k into Roth. Fold in 6.5k in Roth catchup if possible and top it off with a backdoor Roth IRA and season to taste.

[Nathan Harro, CFP®️ @nathanharro]

@DividendGrowth @MikePolicarNGP @mdarmstrong Many 401ks don’t allow for after tax because even if they are safe harbor, after tax contributions still are subject to annual non-discrimination testing. It’s mostly HCEs who do after-tax anyway so most likely wouldn’t pass the test and it’s a PITA to undo it all if you fail.

[Nathan Harro, CFP®️ @nathanharro]

@hunter_harris @parkridgewealth @jasonzweigwsj @MichaelKitces I get the preference. Of course we’d all rather pay less if value doesn’t suffer, but I think it’s common sense that real value generally costs more in most domains.

Also, if the odds are in your favor but the cost of not winning is very large then you might choose differently.

[Nathan Harro, CFP®️ @nathanharro]

@hunter_harris @parkridgewealth @jasonzweigwsj @MichaelKitces No but I would want/expect to pay my attorney a % of the outcome when representing me in a malpractice or negligence case. When an outcome is at stake, that alignment is expected and even necessary.

[Nathan Harro, CFP®️ @nathanharro]

@AaronKlein If you’ve got one to spare send it my way!

[Nathan Harro, CFP®️ @nathanharro]

@MikePolicarNGP @RyanPKirlin @RampCapitalLLC Typically 3 times

[Nathan Harro, CFP®️ @nathanharro]

@jus10castelli @T_Gatzemeier Can’t see the ball the whole time 🧐

[Nathan Harro, CFP®️ @nathanharro]

@BullandBaird I’m 19 months into an iPhone 11 that has never seen a case and no problem so far.

[Nathan Harro, CFP®️ @nathanharro]

@AaronKlein I agree. They sent communication but it obviously wasn’t clear. Looks like they start to explain it toward the bottom. But this was sent in a thread where the sentiment was “how is this not illegal” when in fact it was “we have to do this because it’s the law”

[Compound248 💰 @compound248]

Dear Media,

What’s happening with RobinHood?

A quick primer.

This is a “plumbing” issue. It is esoteric, even for those on Wall Street.

A very long thread on how the toilet is clogged.🚽🧻🪠

Read on
👇👇👇💎💎💎🚀🚀🚀👇👇👇

[Nathan Harro, CFP®️ @nathanharro]

@AaronKlein https://t.co/YXfJHBfbRI

[Compound248 💰 @compound248]

Dear Media,

What’s happening with RobinHood?

A quick primer.

This is a “plumbing” issue. It is esoteric, even for those on Wall Street.

A very long thread on how the toilet is clogged.🚽🧻🪠

Read on
👇👇👇💎💎💎🚀🚀🚀👇👇👇

[Nathan Harro, CFP®️ @nathanharro]

@scottsalaske @jasonwenk Again, just intuitively, what % of those prospects would be caught off guard that 1% of 1M is 10k enough that it would change their mind?

The fee is only in question if the value is in question. When that happens, they don’t pay or keep paying, no matter how it’s quoted.

[Nathan Harro, CFP®️ @nathanharro]

@scottsalaske @jasonwenk Just intuitively, what percentage of the clients who work with those advisors do you think had a hard time moving the decimal point over a couple places to approximate the fee. And how many of those advisors believed they were obfuscating the math enough to fool those clients?

[Nathan Harro, CFP®️ @nathanharro]

@scottsalaske @jasonwenk I understand that your life’s work is to be in opposition to a certain fee structure, so I’m not expecting to change your mind. But I think the disconnect is simply that you believe that advisors don’t provide much value, while others do.

[Nathan Harro, CFP®️ @nathanharro]

@scottsalaske @jasonwenk How would the attorney know in advance whether the jury would give a $5M or $10M settlement? The whole point of a contingency is aligning the compensation with the value (outcome). Same concept with AUM fees, except the outcomes happen over longer periods of time.

[Nathan Harro, CFP®️ @nathanharro]

@scottsalaske @jasonwenk To use your comps, attorneys in an outcome based relationship many times work on contingency. The fee is absolutely different for the same services because it’s based on the outcome. You would expect to pay more to the same attorney for a $10M settlement than a $5M settlement.