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A 2017 Resolution - Speak(easy)
A 2017 Resolution - Speak(easy)

“We had this quite agonizing conversation where he said—and this totally shocked me—‘Well, if I’m able to eat chocolate ice cream and watch football on TV, then I’m willing to stay alive. I’m willing to go through a lot of pain if I have a shot at that.’”

Cal Ripken on Financial Planning for Young Adults
Cal Ripken on Financial Planning for Young Adults

My next stop was Miami and I was paid $500 per month - $406 after taxes… - Cal Ripken

Charm City (Baltimore) was the host of the Financial Planning Association (FPA) Annual Conference from September 14 through 16.  Cal Ripken was the keynote speaker for opening day (who says financial planners do not have a sense of humor…).  

Fiduciaries, Tree Trunks, and Twigs
Fiduciaries, Tree Trunks, and Twigs

It is July and Early Retiree's thoughts turn into his July trifecta - July 4th, Wimbledon, and the Tour de France. His attention turns from celebrating the U.S. Independence, to the all England Lawn Tennis and Croquet Club, to the world riding bicycle around France. 

What Comes After the Hardest Conversation: Resources for Your Aging Parents
What Comes After the Hardest Conversation: Resources for Your Aging Parents

Now that Early Retiree had The Hardest Conversation, with his father, August Retiree.  Early’s “aging and end of life talk” with his father went well and Early felt he understood their wishes.  Now, he wants to make sure he and his parents have a plan when they experience “aging transitions.” Early will forever remember August’s smirk when he said, “aging transitions.” 

The Hardest Conversation
The Hardest Conversation

It all started with a conversation. Early Retiree told his father August, “Dad, your sister Joy wrecked her car.” August was headed to the mailbox and stopped and turned, “What happened?” Early continued, “It seems she ran the car alongside a lamppost in a parking lot, and the car has a large scrape down the length of the passenger side.”

FAI Insights Podcast: An interview with FAI's Mark Stinson
FAI Insights Podcast: An interview with FAI's Mark Stinson

My current position at FAI is Senior Advisor. As a Senior Advisor I work with clients to develop a financial plan and investment strategy. My specialties are: engineers and business owners in transition. Those transitions can include retirement, marriage transitions, sudden wealth and selling a business. I also work with clients who have elderly parents in transition.

Enabling Well-Being of Elderly Parents
Enabling Well-Being of Elderly Parents

Early Retiree was in the emergency room at the hospital and chagrined. His 90-year-old father, August, had just made Early the target of a joke. Early, did not want to admit it, but he was amused. The joke was rather good. August had just been wheeled into a small cubby hole of a room within the emergency room. A nurse approached, “Do you have pain anywhere?” 

Mark Stinson
Elegant Simplicity

Ignite Howard County is a high-energy evening where the community comes together to share their passions and inspire.  Mark Stinson, FAI Senior Advisor, was one of 12 people chosen to present at Ignite Howard County #2 on September 11th.  You can view his five minute presentation entitled “Elegant Simplicity” by going to:

https://www.youtube.com/watch?v=gh5BY9rY7Qc

FAI Senior Advisor, Mark Stinson, Named Baltimore SmartCEO Magazine's Top Money Manager Awards Finalist
FAI Senior Advisor, Mark Stinson, Named Baltimore SmartCEO Magazine's Top Money Manager Awards Finalist

FAI Senior Advisor Mark Stinson was recently recognized as a finalist for the 2015 Baltimore SmartCEO Magazine's Top Money Manager Awards! Congrats, Mark!

The Grandparent "Gotcha" in 529 College Savings Plans!
The Grandparent "Gotcha" in 529 College Savings Plans!

Merely opening a 529 for a grandchild does not affect the grandchild’s eligibility for financial aid because a 529 owned by a grandparent is not reportable on the Federal Application for Student Financial Aid (FAFSA). However, withdrawals from the grandparent’s account to pay for college is treated as untaxed income to the grandchild.