Allen Mueller, CFA, MBA @7Saturdaysaweek Twitter profile

Pinned Tweet

Allen Mueller, CFA, MBA

2 years

Have you ever wondered what conflicts of interest are present in advisor/client relationships? 🤔 Part 2 of The Advisor Series covers this topic in depth: #financialplanning #fintwit #financialindependence

The Advisor Series Part 2: Conflicts of Interest and Other Issues

Part 1 of the Advisor Series laid the foundation for understanding the basics of advisory fee and service models. Part 2 builds on that foundation and explores issues like conflicts of interest, cost...

www.7saturdaysaweek.com

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

3 months

Here's my checklist for having a new baby: open 529 update estate plan add as credit card AU reserve email address add to health insurance register domain name(s) freeze credit w/ 3 bureaus update account beneficiaries create airline loyalty accounts What did I miss?

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

8 months

Is it just me or do you think inheritance is kind of silly? - usually received when kids are in their 50's or 60's and they don't need it - could have been more impactful decades earlier - missed opportunity for memorable experiences w/ family Thoughts?

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

10 months

@mbontrager5 DR is great for people who are bad with money and bad for people who are great with money.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

3 months

@gvh41 I'd start assessing performance based on outputs (quality, volume) and not inputs (butt in seat time).

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

1 month

@FounderKyle Correction - they do a lot less pretending to work at home. In the office, you have to look busy even if you're done working.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

3 months

@SullyBusiness Start your own thing on the side and jump when it's viable.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

5 months

Are there really guys out there who get butt-hurt if their spouse earns more money? Seems like a strange thing to be concerned about.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

2 years

@Bongani21101552 @Budgetdog_ To me, it sounds like working in a career where you have 100% control over your calendar.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

25 days

@JohnMcNee1 @EddyElfenbein Looks like their exec team makes about $120M/yr. So, if they all worked for free the company would save that expense and their margin would move from 2.39% to 2.41% 🙄

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

8 months

@alex_avoigt Your "get rich" portfolio should look different than your "stay rich" portfolio.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

4 months

@MarcLobliner Outputs (results) > inputs (hours worked)

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

3 months

"you don't wear a suit to meet with clients?" No. 1) it's unnecessary 2) it's 2024, not 1994 3) if clients are fixated on attire rather than value and results, they're not a good fit What did I miss?

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

9 months

A great question to test self-awareness of a finance person: "Will there be a recession in 2024?" Any answer that isn't some form of "I don't know" is incorrect.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

4 months

An underrated financial hack - Don't marry an idiot.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

5 months

@AdamSinger Government: *releases food pyramid* 20 years later... Also Government: "I wonder why everyone has diabetes!!???!?"

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

2 years

Were you investing 15 months ago when the market was at the same price it is now?

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

1 year

I quit my job last week. Walked away from a highly respected company, a stellar team, and a great salary. Why would I do this? Am I taking crazy pills? 🤪 Nah. I'm thinking more clearly than ever! At this point, I value time > money. 1/3

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

6 months

@money_cruncher @Invested_In_You DR is great for people who are bad with money and bad for people who are great with money.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

9 months

@theficouple Blanket one-size-fits-all advice is rarely useful.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

25 days

@EddyElfenbein The moral of the story is that you need ownership. Paychecks won't make you wealthy, ownership will. Own companies, own a small business, own real estate, own something that generates income.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

23 days

@GlennYaney Interesting, I've met dozens.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

4 months

"Should I buy or rent?" You can argue the numbers all you want But knowing that a landlord can't boot you out when your lease is done is a huge benefit of owning.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

8 months

An underrated financial hack - Don't marry an idiot.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

2 months

@BarbellFi Time to brush up that resume. Sad fact in corporate is that often times you need to move out to move up.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

1 year

@theficouple If you don't include home equity in net worth, you're not calculating net worth. Source: accounting 101

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

16 days

@HarrisFanaroff Yes, we stopped going to restaurants for a long time.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

3 months

@White_RhinoCap Custodial IRA requires earned income by the child. Also, don't forget the 529 to Roth rollover that was passed into law a few years ago.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

2 years

I used to admire the guy driving a Mercedes from his huge house to the corner office. Now, I admire the guy mountain biking at 10am on a Tuesday. 🚴

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

2 years

@Budgetdog_ I used to admire the guy driving a Mercedes from his huge house to the corner office. Now I admire the guy surfing on a random Tuesday.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

23 days

@GlennYaney Some in both groups. Despite popular opinion, 401k's are not locked up until 59.5. It's common for early retirees to use methods like: 1) SEPP 2) Roth conversion ladder 3) rule of 55 to access early without penalty.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

6 months

Why do employer plan rollovers still require a phone call and a check in the mail? Feels like going back to the stone age.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

7 months

The 4% rule is great at preventing "type 1" plan failures - running out of money. But it sucks at preventing "type 2" plan failures - dying with millions (unintentionally). What's your plan to prevent type 2 failure?

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

4 months

@sweatystartup If your "wealth manager" tries to sell you anything, you don't have a wealth manager. You have a salesman.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

2 years

Friends don't let friends buy IUL/MPI policies to fund their retirement.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

3 months

@sampullara are you talking about an irrevocable trust? These have pros and cons, but the estate tax exemption is currently about $13 million per person. Not a concern for 99.999% of people.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

4 months

@darrelltalksfi Having to beg someone else for time off is the worst part about these cubicle jobs. Get out ASAP is my advice.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

8 months

@darrelltalksfi Much more of a flex to have a $50 bag with $2,450 in it.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

2 months

@RosserJobs *looks at lifestyle of C-suite execs* No thanks

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

1 year

@theficouple If you don't include home equity in net worth you're not calculating net worth. Call it whatever you want, but it's not net worth.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

2 years

Another day, another client rescued from a 𝙙𝙪𝙢𝙥𝙨𝙩𝙚𝙧 𝙛𝙞𝙧𝙚 portfolio. This one was designed by a big-name firm and had some serious issues: ❌ 21 funds, many with overlapping exposure ❌ Fund fees as high as 0.79% ❌ Roth and Traditional IRA's had exactly the same

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

9 months

What do you think about tax loss harvesting? Useful portfolio tool or overhyped? 🤔 #financialplanning #taxplanning #muellermoney

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

2 months

@wildbarestepf There are more than 2 candidates on the ballot.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

2 years

If someone says your 401(k) or Roth IRA is a scam - 1) They're ignorant or 2) They're selling you something

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

1 month

Unpopular opinion: The S&P 500 is an inappropriate benchmark for most investors.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

7 months

Getting ready to bundle up another "welcome box" for new clients. One of my favorite parts of the process.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

1 month

@GuyTalksFinance Accounting 101 disagrees here.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

3 months

2020: had an idea 2021: finished CFA 2022: launched 7 Saturdays Financial 2023: left corporate 2024: replaced prior salary Anything worth doing takes years of effort. It's not easy. But it's 100% worth it. What are you waiting for?

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

3 months

Today's office, sure beats a cubicle.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

1 year

@Luke_Swanson_ @LTI_finance Hop in a time machine and invest 10 years ago. DUH!!!

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

4 months

@FilledWithMoney This is a big reason why you should save and invest like you want to retire early. Even if you don't want to.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

1 year

📢 It's MISCONCEPTION MONDAY! "Your 401(k) money is locked up until age 59.5" ❌ Wrong. There are several ways to access this money early. And you can avoid the 10% early withdrawal penalty. Just takes a little planning! Check it out 👇 1/6

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

1 year

**ALERT: Dividends are not magic or free money.** They're often viewed as extra yield, a “bonus” on top of a stock’s normal return. Sounds great... but that's not how it works. 1/7

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

3 months

@WindLawProf lol made me spit out my coffee

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

3 years

@Michael_Medina8 @danielcrosby Pretty scammy. You know the host is pocketing most of that cleaning fee. Kind of like how ebay sellers will charge a much smaller amount for the item but a fat shipping and handling fee.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

4 months

We "waste" money on: - a lawn guy - a house cleaner - pricey gym memberships - prepped lunches delivered But we're not just lighting cash on fire...🔥 We're buying time. ⏳ → An hour not mowing or cleaning = an hour to spend with my kids → A healthy lunch ready to go in

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

9 months

Just helped a client save $125,000 on their tax bill this year. - Front loading charitable giving into a DAF - Setting up+ maxing a solo 401k - Maxing HSA Feels good, man.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

8 months

Everybody wants to buy low... until it's time to buy low.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

4 months

@NxtGenPlanning It says a lot less about real estate as an investment vs. how horrible the average person is at saving. Leverage does increase the return on equity, though.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

3 months

@RyanGaliotto Oooo good one!

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

9 months

@nikitabier @tomloverro Yeah, because the gov can manage wealth SO much better than individuals 🙄

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

10 months

@MarketPalmer_ I have a feeling his financial situation is either very good or very bad.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

18 days

@zachmelloh26 I'm still concerned about taxing unrealized gains... It's a slippery slope

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

1 year

@MJSANGIULIANO When you have people who depend on your income. For young people with no dependents, (sufficient) disability insurance is much more critical.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

7 months

@MrBudgetBill You can live paycheck to paycheck on any income if you choose to scale up your expenses.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

7 months

I'm not a "traditional" financial advisor 👇 - I don't like to golf - I don't sell insurance - I don't have employees - I do proactive tax planning - I wear jeans and a polo shirt - I use a modern pricing model - I don't pay to be in magazines - I usually do meetings on Zoom - I

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

1 year

Just looked over a friend's IRA statement and her "advisor" (salesman) put her in a 4.75% front load target date fund. Why? Just because you can skim off a cut doesn't mean you should. She's rolling her accounts out to self-manage and avoid any future swindling.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

6 months

Did you know: You can pay zero tax on a $100,000+ income? Here's how it works 👇 Taxable (non-retirement) accounts receive preferable tax rates on qualified dividends and long-term capital gains. Let's say you retire with a million dollars in this account. The stocks you

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

1 year

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

5 months

Today marks 2 years since I launched 7 Saturdays Financial. Since then, I've grown the business and replaced the income from my corporate job. Here are a few pieces of knowledge that helped me build my "company of one". 👇

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

4 months

@MrBudgetBill Depends where they choose to live.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

1 year

@SMB_Attorney My goal is to have so much space between me and my neighbors that I can't even see their rusty car or fence.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

5 months

Dave Ramsey is great for people who are bad with money. and bad for people who are great with money.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

1 year

Remember, folks - Your kids can take out loans for college. 🎓 You can't take out loans for retirement. 🏝️ Prioritize accordingly.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

5 months

@darrelltalksfi Depends on my tax bracket during the year in question.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

5 months

@dollarsanddata We're always balancing 3 finite resources - money, time, and health. Be careful not to sacrifice too much time and health accumulating more money than you'll ever need.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

2 years

A wise man told me: "Every once in awhile the bear shows up. Throw cash at it until it goes away."

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

3 months

@scottsteineman So when you travel, they're racking up miles. Really applies for ages 2+ when you have to pay for a seat.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

2 years

@cadeinvests Having no desire to impress anyone with material goods.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

1 year

@ramit Mine would have to include "spend a few months every year traveling internationally w/ family" and "be financially independent by age 50"

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

4 months

@GabrielKohenCPA It's a great way to get your top performers to leave.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

10 months

@markcecchini I'd be talking to a broker about an exchange fund. Contribute your highly appreciated stock to a pool with others in the situation, receive shares of the diversified "fund" in exchange for your contribution. No tax event.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

2 months

I quit my corporate job 1 year ago. It's been full throttle on 7 Saturdays Financial ever since. Building a company is totally different than working for someone else. The funny thing is... it doesn't feel like work at all! It feels like being unplugged from the matrix.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

8 months

@azmark99921960 There are limits to what is prudent. If a financial plan says you need $X to maintain your standard of living in retirement, is it necessary to hold onto 2X, 3X, or 5X until death?

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

1 month

If someone cold-calls me, their number immediately gets blocked. Can't stand the interruption. Is it just me?

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

7 months

@markcecchini ALL THE TIME

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

25 days

@GamemasterYado @JohnMcNee1 @EddyElfenbein 345M Americans x $500,000 is $172 trillion. What are you even talking about?

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

2 years

@lady__bost 85%+ of active fund managers don't beat their index benchmarks over 15 years. These are the guys with an army of ivy league quants. Diversify, keep costs low, mind tax-efficiency, rebalance periodically, ignore the noise.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

2 years

@Anti_NRA @realDailyWire It's easy to be generous with other people's money. You can pay off people's loans without forcing others to do the same :)

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

1 year

I'm taking a break from normal finance nerdery to brag on my wife. Not only is she a world-class life partner, thoughtful listener, endless supporter, best friend, and adventure companion... She's also a badass Mom! 🙌 Prioritizing our daughters.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

2 years

Let's imagine there's a business for sale in your hometown. Its fair market value is $100,000, including $10,000 in the bank. What would it be worth if the owner emptied the bank account prior to sale? This is how dividends work. There is no free lunch.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

5 months

@dollarsanddata There are multiple ways to access tax-deferred money before old age. Here are a few: 1) Rule of 55 2) roll to IRA > SEPP withdrawals 3) roll to IRA > Roth conversion ladder 4) pay 10% early w/d penalty until 59.5 These are very common strategies for early retirees.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

2 years

Working on a plan to help a client: -Retire at age 60, -Get free healthcare until 65 thanks to ACA tax credits, and -Save hundreds of thousands in lifetime taxes with strategic Roth conversions. This is the stuff that puts extra pep in my step! #taxplanning #fintwit

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

8 months

20 years from now, the only people who will remember you worked late are your kids.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

5 months

📢 Watch out for sneaky salesman tricks! Those pitching insurance products often compare their solution to a stock index like the S&P500. The chart on this LinkedIn post shows the annuity product beating the S&P from 1998-2016. It's incredible! But... The data is

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

2 years

Every parent's worst nightmare

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

1 month

@Mike_TheMaestro @FounderKyle How is performing the job satisfactorily "taking advantage" of the employer? Employers should be concerned with outputs and results, not inputs.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

8 months

Dallas area schools are closed today. Makes sense, it looks pretty treacherous out there!

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

2 years

As you prep to file your tax return this season, don't forget - Drug dealing and theft are considered taxable income. Be sure to report them to the IRS. #themoreyouknow #taxes #muellermoney

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

3 years

@RoadtoFI @maxpashman I came here to say this. Can we put Chick-fil-a in charge of the government? Everything would be fixed in a week.

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Allen Mueller, CFA, MBA

@7Saturdaysaweek

2 years

@SteveOnSpeed Delayed gratification/impulse control. Be a 2 marshmallow kid.

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