Category Archives: Financial Planning

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An Expert Conversation on Alternative Investments with Dave Jensen from Sandlot Partners (Ep. 23)

Education, Finances, Financial Advisor, Financial Planning, Retirement, Uncategorized, Wealth, , , , , , , , , , , , ,

When it comes to alternative investments and deciding how to diversify your portfolio, how much you should be investing, and the risk that comes with it, you need an expert to help guide the way.

In this episode, Jeff Brimhall, Ph.D., CFP®, CFA, and Benjamin Cummings, Ph.D. CFP®, are joined by Dave Jensen, an expert in the alternative investment space. Around three years ago Dave co-founded a private investment firm called Sandlot Partners, focused on two key areas: experts and alignment.

Dave discusses: 

  • Some alternative ways you can diversify your portfolio
  • Some drawbacks when considering the risks that come with these types of investments
  • Alignment and what that means for Sandlot Partners
  • Some of his successful alternative investments
  • And more

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About Our Guest: 

Dave Jensen is the Co-Founder & Managing Partner of Sandlot Partners, an independent private investment firm. Sandlot partners with exceptional founders and management owners who believe in the long-term potential of their business and provides them with growth capital, strategic guidance, and/or partial liquidity. Sandlot’s investors include family offices and strategic individuals that provide patient capital and seek strong alignment.

Dave is a Co-Founder of Beacon Data, an expert data strategy and implementation consultant serving the private equity community. Helping tech and business leaders solve pain points and drive value through modern data infrastructure, analytics, and AI. Guiding light to companies serious about digital transformation and turning data into a strategic advantage.

Dave enjoys spending time outdoors with his wife Liz and their 5 children. In addition to being an avid golfer, skier, hiker, and movie watcher, Dave is a former professional baseball player (KC Royals 3rd-round pick). Dave also volunteered and worked in Latin America over 3 years where he became passionate about and keeps up with the amazing people, culture, and Spanish language.

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The Basics of Comprehensive Financial Planning (Ep. 22)

Education, Finances, Financial Advisor, Financial Planning, Retirement, Uncategorized, Wealth, , , , , , , , , ,

You could have the best financial plan only to worry when dealing with an emergency. How can you avoid feeling uncertain about your plan before that happens?

In this episode, Jeff Brimhall, Ph.D., CFP®, CFA, and Benjamin Cummings, Ph.D., CFP®, focus on what comprehensive financial planning means and what it looks like for clients. They explore strategies to focus a financial plan on the client’s needs and goals while sharing tips to prevent miscommunication with loved ones in case of an emergency.

Jeff and Ben discuss: 

  • The value of a comprehensive financial plan
  • The role of an advisor in building a client’s dream future
  • What’s included in a comprehensive financial plan
  • How estate planning benefits from a comprehensive financial plan
  • And more

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Exploring A Better Economic Life Through Outdoor Experiences with Mark Widmer (Ep. 21)

Education, Finances, Financial Advisor, Financial Planning, Retirement, Uncategorized, Wealth, , , , , , , , , , , , , , , , , , , , , , ,

Wouldn’t it be incredible to learn about the economics in life through an outdoor experience that allows you to immerse yourself in a curriculum that helps young adults fully become responsible with their money in life?

In this episode, Jeff Brimhall, Ph.D., CFP®, CFA, and Benjamin Cummings, Ph.D., CFP® are joined by BYU Professor Mark Widmer who teaches an integrated course on the economy of life. He is focused on leading the youth in a positive direction through performance management at the Marriott School of Business.

Mark discusses: 

  • An overview of the course he teaches, “The Razor’s Edge,” and his area of expertise including therapeutic recreation, evidence-based programming, identity development, organizational behavior, and performance management
  • How he offers his students a new perspective on relationships in their lives that can help build their identity
  • How the outdoor experience and break from technology that occurs in the curriculum provides his students with psychological and physical benefits
  • And more

Resources:

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About Our Guest: 

Mark Widmer has a passion for applying theory and research in experience contexts to help individuals, families, and leaders thrive. As a professor and associate chair of Experience Design & Management, he teaches in the MBA and Executive MBA programs at the Marriott School of Business at Brigham Young University. He conducts and publishes research and maintains strong industry connections through consulting.

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Solo 401k Planning with Rachel Nabers (Ep. 20)

Education, Finances, Financial Advisor, Financial Planning, Retirement, Uncategorized, Wealth, , , , , , , , , ,

Do you have a side business, or are you an entrepreneur looking for a way to save independently for retirement? 

Are you aware of the inner workings of a solo 401k and how it differs from a regular 401k? 

We have the answers you need!

In this episode, Jeff Brimhall, Ph.D., CFP®, CFA, and Benjamin Cummings, Ph.D., CFP®, are joined by Rachel Nabers, one of the world’s experts in solo 401k’s, to discuss what exactly they are and how you can use them.

Rachel discusses: 

  • How COVID-19 has affected the onset of one’s career
  • Insights on what the future of online business models looks like
  • Contribution limits for a solo 401k
  • Mega backdoor Roth contributions: what they are and how they work
  • And more

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About Our Guest:

Rachel Nabers is one of the leading experts on solo 401k plans. She has a passion for helping entrepreneurs, solopreneurs, and small business owners, who she views as the backbone of the US economy. Rachel works side by side with her husband, Jeff Nabers, CEO and founder of solo 401k.com.

 

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Discover The Power of 1031 Exchanges with Lonnie Nielson (Ep. 19)

Education, Finances, Financial Advisor, Financial Planning, Retirement, Uncategorized, Wealth, , , , , , , , , ,

Are you a property investor looking to maximize your profits while minimizing your tax liability?

Join Jeff Brimhall, Ph.D., CFP®, CFA, and Benjamin Cummings, Ph.D., CFP® for this exciting new episode that dives deep into the world of 1031 exchanges.

Listen in as they are joined by Lonnie Nielson, a specialist in 1031 exchanges and the Transaction Coordinator at 1031 Pros. Together they explore the ins and outs of this tax-saving tool and how it can benefit real estate investors.

Gain insight into:

  • The definition and concept of a 1031 exchange and how it benefits investors
  • How a broad range of properties can qualify for a 1031 exchange
  • A few of the timeframes and guidelines associated with 1031 exchanges to ensure compliance and avoiding unnecessary tax burdens
  • Real-life examples that demonstrate the evolution of 1031 exchanges
  • And more

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About Our Guest:

Lonnie Neilson has been involved with 1031 exchanges for over 30 years. He started his firm, 1031 Pros early in his career, and has assisted investors with over 18,000 exchanges over the years. Lonnie has a Bachelor of Science (BS) in Financial Planning from Brigham Young University.

 

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How to Live a Life You Love With the Resources You Have with Sarah Newcomb (Ep. 18)

Education, Finances, Financial Advisor, Financial Planning, Retirement, Uncategorized, Wealth, , , , , , , , ,

Are you tired of feeling overwhelmed and stressed about money? Does the pursuit of wealth feel empty — like no amount of money can make you truly happy?

According to today’s guest, the solution lies in financial education that focuses on resourcefulness rather than just math.

In this episode, Jeff Brimhall, Ph.D., CFP®, CFA, and Benjamin Cummings, Ph.D., CFP®, are joined by Sarah Newcomb, Ph.D., founder of Thrive Financial Empowerment Center. Join them as they explore the relationship between money and happiness, so you can thrive with real wealth.

Sarah discusses: 

  • Intriguing research about money mindset
  • The biggest psychological barriers that prevent sound money management (and how to overcome them)
  • How “money messages” shape our attitudes and beliefs about money
  • How to simplify financial decision-making in your day-to-day life
  • And more

Resources:

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About Our Guest: 

Sarah Newcomb, Ph.D. is a behavioral economist and Founder of the Thrive Financial Empowerment Center. As an applied scientist, Sarah adapts the findings of academic research for practical use in personal financial management. As a financial empowerment coach, she helps people avoid and escape the traps of mindset that contribute to financial hardship. Through writing, speaking, and applied research, Sarah is on a mission to help people get UNSTUCK and build lives they love with the resources they already have. Sarah’s thought leadership has earned mentions in Reuters, the Wall Street Journal, Forbes, HerMoney, and many other outlets. She is a regular contributor to PsychologyToday.com, and the author of Loaded – Money, psychology, and how to get ahead without leaving your values behind.

 

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Beyond Finances: Estate Planning with Stanford McCullough (Ep. 17)

Education, Finances, Financial Advisor, Financial Planning, Retirement, Uncategorized, Wealth, , , , , , , , ,

Estate planning stretches far beyond managing your finances. It includes planning for your future, your legacy, and how your wishes will affect your loved ones.

In this episode, Jeff Brimhall, Ph.D., CFP®, CFA, and Benjamin Cummings, Ph.D., CFP® are joined by Stanford McCullough, J.D., LL.M., CFP® to discuss his new role at Blue Barn Wealth in the advisory space, working with clients as he specializes in estate and tax planning. 

Stanford discusses: 

  • When is the right time to start estate planning
  • What a personal representative is and how it relates to your estate planning
  • The ins and outs of advanced medical directives
  • Why you should avoid probate during estate planning
  • And more

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About Our Guest: 

Stanford McCullough, J.D., LL.M., CFP® is an associate attorney at Fabian VanCott. Stanford graduated from the S.Q. Quinney school of Law (University of Utah) and then received his LLM in Taxation from UC Irvine.  He currently serves as the Program Chair of the Tax Section of the Utah State Bar.

Stanford studied for his undergraduate degree at the nationally-ranked financial planning program at Utah Valley University, and he maintains his CFP® certification today. Combining his CFP® certification with his LLM in Taxation, Stanford is well-equipped to be an asset for his clients in planning around their personal finances and in navigating their tax picture. 

At Fabian VanCott, Stanford specializes in income tax planning for liquidation events, wealth transfer and estate planning, and business succession planning for high-net-worth families and entrepreneurs.  Stanford is surrounded by a team of reputable income and estate attorneys who assist on complicated income and estate tax planning cases and transactions.

Stanford is entrepreneurial-oriented and started several part-time businesses while in college.  Stanford is an avid sports fan and loves skiing, mountain biking, canyoneering, and mountain climbing.

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A Simplified Guide to Disability Insurance with Bart Spencer (Ep. 16)

Education, Finances, Financial Advisor, Financial Planning, Retirement, Uncategorized, Wealth, , , , , , , , , ,

Have you ever thought about what would happen to your income if you suddenly became unable to work due to illness or injury?

Disability insurance can protect your income and provide a safety net for a time just like that.

In this episode, Jeff Brimhall, Ph.D., CFP®, CFA, and Benjamin Cummings, Ph.D., CFP® are joined by Bart Spencer (aka The DI NUT), Director of Disability Income and Long Term Care at Allegis Advisor Group. They break down how disability insurance works, including critical costs and benefits involved.

Bart discusses: 

  • How to determine the amount of disability insurance you might need
  • Why an employer-sponsored group plan might not be sufficient to protect your income
  • The different types of coverage periods in disability insurance
  • Key features you should look for in a disability insurance policy
  • And more

Resources:

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About Our Guest: 

Bart Spencer is the Director of Disability Income and Long Term Care at Allegis Advisor Group. He is very involved in the insurance community and is known as “The DI NUT” because of his passion for disability income protection. Bart speaks regularly in industry meetings such as gatherings of the National Association of Insurance and Financial Advisors (NAIFA). He is past president of NAIFA Bonneville in Ogden, UT, and membership chair for the Utah NAIFA Association.

 

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What to Consider When Evaluating An Annuity with Jackson Bradley (Ep. 15)

Education, Finances, Financial Advisor, Financial Planning, Retirement, Uncategorized, Wealth, , , , , , , , , , , , ,

When considering whether an annuity would be worthwhile for you, some questions you might ask yourself are why would I choose an annuity over just having a taxable brokerage account? What benefits could it provide for me? How can I differentiate between the different types of annuities, and why would I go through all the trouble of getting one? How can an annuity relieve some of the income stresses I might face in retirement? 

In this episode, Jeff Brimhall, Ph.D., CFP®, CFA, and Benjamin Cummings, Ph.D., CFP® are joined by Jackson Bradley, Consultant at DPL Financial Partners, to discuss what you need to know when it comes to annuities.

Listen as Jackson discusses: 

  • The tax deferral you would get when using an annuity 
  • What withdrawal rates look like with annuities
  • How annuities can be used as an income source with annuitizing
  • And more

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The Secret Sauce to Positive Relationships with Dr. Scott Anderson (Ep. 14)

Education, Finances, Financial Advisor, Financial Planning, Retirement, Uncategorized, Wealth, , , , , , , , , ,

Relationships are seen as the cornerstone of living a full and happy life. They are vital to mental and emotional well-being and even survival, so why don’t we pay more attention to them?

In this episode, Jeff Brimhall, Ph.D., CFP®, CFA, and Benjamin Cummings, Ph.D., CFP® are joined by Dr. Scott Anderson, a marriage and family therapist with various works based on the understanding of yourself through your relationships. Our ongoing relationships determine the quality of our lives more than we realize, so let’s take a closer look at how we can understand our lives through this lens.

Scott discusses: 

  • What motivated him to be a marriage and family therapist and some anecdotes of his time as a counselor 
  • The positive impact a healthy, loving relationship can bring to your life 
  • What makes a healthy relationship work and the skills and perspectives that can make a lasting impact on the length of your happiness
  • Why you should go hug a loved one today!
  • And more

Resources:

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About Our Guest: 

Scott Anderson attained a BA degree from the University of Utah in Psychology, a Master’s degree in Counseling and Guidance, and a Ph.D. in Marriage and Family Therapy from BYU. He taught in the Church Education System of the Church of Jesus Christ of Latter-day Saints beginning in 1972, with the majority of his career as a faculty member at the Orem Institute of Religion. He is a published author and lectures for BYU Education Weeks, Especially for Youth, and various other venues, including the Governor’s Conference On Families and the Utah Freedom Academy. Dr. Anderson recently retired from working as a therapist at Suncrest Counseling Center. He enjoys home improvement projects, family history, and humanitarian service, and had a great time running a marathon with his daughter. He and his wife, Angelle, who is the Family Activities Coordinator for The Family History Guide Association, reside in Bluffdale, Utah.

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