Introducing Prosperion Planning

Introducing Prosperion Planning, the new service from Prosperion Financial Advisors. Learn more at www.prosperionplanning.com

We built Prosperion Planning specifically to help younger families get on the road to financial independence. A service to help them during a time in their lives when making small choices may add up to a big impact. We wanted to make it accessible, valuable, and affordable so it fits within a monthly budget, just like Netflix or a gym membership.

We learn about their needs and priorities and provide advice specifically for their situation. Whether it’s adding to the family, changing jobs, building a business or any number of complicated life decisions, we’re there to help guide them through each turn that life takes.

“Revolution” by Brian Westbury

“Elections have consequences and the impact on U.S. economic policy of last week’s election will be enormous. We’re sure we’ll be writing about all of these issues in much greater depth over the next several months, but, for now, here’s a broad outline of what to expect.

One of the Republicans’ first tasks will be repealing much (but not all) of the Affordable Care Act, also known as Obamacare. To get that done, they will use the budget reconciliation process in the US Senate, where they don’t need to break a filibuster with 60 votes; instead, they only need a simple majority. The budget process can be used to eliminate (1) penalties for not getting insurance, (2) subsidies for buying government-approved overly-broad insurance packages, and (3) the expansion of Medicaid.”

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The Fear of Uncertainty and the Uncertainty of Fear

“We have nothing to fear, but fear itself.”

With those words FDR accepted the presidency of the United States in 1933 during one of the most turbulent times in American history. Lesser known are the words that surround that key sentence.

“So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself—nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance. In every dark hour of our national life a leadership of frankness and vigor has met with that understanding and support of the people themselves which is essential to victory.”

But human nature is a funny thing. As a society we tend to be emotional and sensitive to fear. Fear preys on our emotions, which in turn have the power to overrule logic, reason, and even common sense.

Putting aside fear is not an easy thing to do, especially faced with the uncertainties of modern life. But if we can, a different story emerges. Read more

Election Letter from Burt White, Managing Director of LPL Research

“Donald Trump has completed his landmark quest and will become the nation’s 45th President after a contentious and often divisive campaign. In addition, the Republican Party has retained control of both houses of Congress. This outcome marks a significant reversal from just a few weeks ago when a Hillary Clinton presidency was highly probable and even a Democratic party sweep of Congress was possible.

While this outcome is certainly a shock to many, it is important to remember that the result isn’t a surprise to the plurality of American voters that spoke their collective will at the ballot boxes yesterday. The strength of a democracy is not in whether we like the outcome, but rather in how we accept the result as the voice and will of our republic.

The Value of Regret

As a financial advisor I often see clients with regret. For some investors it’s the regret of missing out on big gains. For others, the regret of taking part in big losses.

Regret is a powerful emotional force that has the potential to shape investing strategies and mentalities. When I think about how regret ties into investing, I believe it really comes down to minimizing regret wherever possible.

But is that a good framework for other decisions in life?

Nearly every decision in life involves some sort of give and take, some sort of risk. And I think it is our human nature to minimize this risk. But there is such a thing as a good risk.

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How We Choose the Companies in Your Portfolio

Today we’re going to cover how I choose the companies that end up in your portfolio. Before we get started, keep in mind that there’s a lot that goes into selecting the right mix of stocks, bonds, and other financial products that come together to address your financial needs. Today, we’re going to look at only one, but it is central to potentially creating and protecting a growing stream of income.

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News Release: Steve Booren Leads Session at LPL Financial National Conference

GREENWOOD VILLAGE, Colo. – Aug. 31, 2016 – Steve Booren, owner and founder of Prosperion Financial Advisors, recently attended LPL Financial’s Focus 2016, one of the financial industry’s premier events and the largest annual conference hosted by LPL, the nation’s largest independent broker-dealer.

Booren was among a select group of top-tier LPL financial advisors invited to lead sessions at the conference, which was hosted in San Diego from Aug. 21 to 24.

In Booren’s session, “Mentorship and Family in Your Practice,” he shared best practices for working in a family practice environment, including how to lead and train the next generation and the opportunities for the business and for clients with an established family succession plan.

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The Unfair Advantage of Dividend Tax Rates

We believe investing in companies that pay dividends is wise and has advantages over many other types of investments. Did you know that if you file jointly and have taxable income of under $75k, you are in the 15% tax bracket? This means that if your income is made up of Social Security income of $25k and dividends of $50k, you pay next to nothing in income taxes. Only a portion of your Social Security is taxable, and at only 5%. In this example, none of the dividend income is taxable.

Dividends have several unfair advantages we are going to discuss. Today I want to focus on the tax rates.

Dividend tax rates are an opportunity for investors. The favored status of qualified dividends means they are taxed at a lower rate than standard income, by anywhere from 10-20% less.

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The Role of a Fiduciary – Putting Your Interests First

Starting my career with a large very well-known investment firm some 38 years ago taught me valuable lessons we use to counsel and advise clients. During that 18 year period of disappointing (biased) research and proprietary investment products that were actually manufactured by that company, I continuously asked the question: “What about my clients?” You see, inherently I felt I worked for my clients, not some financial services firm. It was by my nature and core that I cared about clients first and always sought to put their interests above that of my own or the company that wrote me my paycheck.

As many of you have undoubtedly heard, regulatory changes are coming to the finance industry pertaining to “fiduciary standards” and the obligations we have as financial professionals with respect to retirement accounts.

Let me be clear: we embrace these changes as we serve as a fiduciary for your money in advisory relationships, just as I believe we always have.

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Our Dividend Focused Investment Strategy: An Introduction

As many of you know, I spent the first 26 years of my working life as corporate pilot. It was an exciting profession and I loved going to my “office” at 43,000 feet. Getting people to and from places safely was always the focus of the job.

As a financial advisor I spend my days navigating quite different terrain. But the job is the same: helping people get from here to there safely. So today I’d like to cover our Dividend Focus Strategy, and why we think it’s a smart fit for our clients young and old.

Since a picture tells a thousand words, let me draw you a picture. It will be readily apparent why I thankfully did not choose to be an artist – but it will illustrate a few important points.

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