Dan Bennett, CFP®️ @danbennett31 Twitter profile

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Dan Bennett, CFP®️

@danbennett31

5 months

@theficouple 500 move to Fla, 10 come back. “They’re all coming back!”

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Dan Bennett, CFP®️

@danbennett31

8 months

@javieraliaga_ @BlindMike_ @marknorm @TuesdayStories I just left my own damn house

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Dan Bennett, CFP®️

@danbennett31

5 months

Another day, another JPM Chase banker allocating a 38 year old’s Roth IRA in a bond fund. 🤦‍♂️

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Dan Bennett, CFP®️

@danbennett31

8 months

Fee-only vs fee-based. Who cares. Just do the right thing.

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Dan Bennett, CFP®️

@danbennett31

8 months

Whole Life horror story: 36 year old real estate agent, ~350k variable income, 2 kids husband doesn’t work. A 1st year northwestern agent sold her a 3mm whole life policy = $72,000 annual premium. 🤢 Month 11 she reaches out to my neighbor (advisor himself) in a panic asking

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Dan Bennett, CFP®️

@danbennett31

6 months

Altruist brokerage opened: 9:38am Bank account linked: 9:39am Client deposited funds: 9:41am Other Custodians….catch up

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Dan Bennett, CFP®️

@danbennett31

4 months

@theficouple Going from 11 people to 14 is a 27% increase

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Dan Bennett, CFP®️

@danbennett31

9 months

You can be an IAR of an RIA offering IRAs 🤯 And you wonder why clients get confused…

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Dan Bennett, CFP®️

@danbennett31

5 months

Not all permanent insurance is bad. Anyone claiming this hasn’t worked with enough people to understand there are situations where it makes sense: ✅ Funding a Special Needs Trust ✅ A desire to leave a legacy for future generations in an incredibly efficient way ✅ Estate

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Dan Bennett, CFP®️

@danbennett31

9 months

Responses I’ve gotten from clients using Altruist: - “this is so much better than the other site” - “I love this site” -“I actually understand what I’m looking at now” - “I can deposit $$ on my own like literally every other app for retail use?” Lol @altruist making the job

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Dan Bennett, CFP®️

@danbennett31

9 months

Oh so the “Investopedia Top 100 Financial Advisor” list is actually about social media outreach and *not* actually about being a “Top” financial advisor. Whatever that means… Got it 😆 Great marketing!

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Dan Bennett, CFP®️

@danbennett31

7 months

@Rick_Ferri Oh only roughly 60 million people with $140T in AUM.

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Dan Bennett, CFP®️

@danbennett31

8 months

@markcecchini Nothing screams “fiduciary” more than 30% of your net income going to whole life insurance

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Dan Bennett, CFP®️

@danbennett31

5 months

I’m “old school” when it comes to meeting with clients. I love face to face. But the more I use Zoom, the more I’m convinced this is just significantly more efficient (I know I’m probably preaching to the choir). Screen sharing, toggle back and forth, pull up accounts easily,

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Dan Bennett, CFP®️

@danbennett31

5 months

A lot of people on here shit on “lifestyle creep” and to do whatever it takes to avoid it. I 100% disagree with that. If you’re making more, spend it! Enjoy it! But keep your savings RATE the same. That’s the easiest way to ensure you’re not falling behind by spending TOO

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Dan Bennett, CFP®️

@danbennett31

5 months

14 years as a financial advisor and I’ve done zero marketing. Not sure it’s a badge of honor? Maybe I should? Not sure…

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Dan Bennett, CFP®️

@danbennett31

1 year

Hot take in this profession: You DON’T need a niche to be successful and enjoy the work you do

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Dan Bennett, CFP®️

@danbennett31

8 months

@AlexZartman Misleading sales techniques were used. Compliance was notified and is working with the client to make it right.

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Dan Bennett, CFP®️

@danbennett31

11 months

@MichaelHBaker @CharlesSchwab I’m talkin’ about a place where the beer flows like wine, where digital account openings instinctively flock like the salmon of Capistrano. I’m talkin’ about Altruist.

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Dan Bennett, CFP®️

@danbennett31

4 months

Risk Tolerance Questionnaires are nothing but a compliance trap. They’re worthless the day after you fill one out. Ask someone their tolerance for risk in March 2020 and then ask them again 3 months later. You’ll get two totally different answers. Your CAPACITY for risk is

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Dan Bennett, CFP®️

@danbennett31

8 months

Switching back to eMoney from Right Capital I know none of them are perfect, but it seems eMoney is just flat out better.

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Dan Bennett, CFP®️

@danbennett31

8 months

@eric_a_bruns When’s the class action?

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Dan Bennett, CFP®️

@danbennett31

11 months

@mbontrager5 Welp. I guess case closed. Google images has saved everyone

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Dan Bennett, CFP®️

@danbennett31

7 months

@theficouple Is this by % of pop. Or just raw #’s?

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Dan Bennett, CFP®️

@danbennett31

3 months

@Budgetdog_ Interest free furniture loans all day!

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Dan Bennett, CFP®️

@danbennett31

6 months

If you’re a financial advisor and the BD/company you work for discourages you from attending industry conferences…. 🚩 🚩 🚩 Get out while you can

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Dan Bennett, CFP®️

@danbennett31

5 months

@monegenix It has its place. That’s all I’m trying to convey. That said- It’s oversold to people that don’t need it. The incentives in the industry are disgusting.

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Dan Bennett, CFP®️

@danbennett31

5 months

@RDanger2024 It’s easier to conform than it is to actually think

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Dan Bennett, CFP®️

@danbennett31

3 months

@RodDMartin @RogerJStoneJr As a “non-insider”….we knew he was like this

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Dan Bennett, CFP®️

@danbennett31

1 year

@ThinkAppraiser Or, you see the modest home and a minivan in the driveway but you don’t see the $4mm brokerage account, the $10mm business, no debt and total financial Independence

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Dan Bennett, CFP®️

@danbennett31

4 months

Life is good

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Dan Bennett, CFP®️

@danbennett31

8 months

My RIA tech stack: Redtail: CRM Right Capital: FP Holistaplan: Tax Ycharts (soon to be Kwanti) :portfolio analytics Vanilla: estat Pontera: 401k management AssetMap: maps assets? Altruist does everything else I need: Custodian Canva: financial plan template AdvicePay: fee

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Dan Bennett, CFP®️

@danbennett31

1 year

Marketing > Prospecting. The legacy financial services industry and their distribution channel’s are still about 15 years behind.

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Dan Bennett, CFP®️

@danbennett31

9 months

Financial Advisors: - you can work from anywhere. - you can establish wonderful relationships with clients via Zoom Don’t listen to others stuck in the 90’s.

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Dan Bennett, CFP®️

@danbennett31

6 months

Me every time I see a prospects investment statements in A shares with 1.3% expense ratios

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Dan Bennett, CFP®️

@danbennett31

6 months

@_bensamuels @SMB_Attorney Lucalis or Bleeker. No question

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Dan Bennett, CFP®️

@danbennett31

5 months

@hokirob 40%. 40% too much.

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Dan Bennett, CFP®️

@danbennett31

1 year

@TKopelman There’s also an Interesting strategy 2 consider 4 clients that don't need their IRA in retirement (same as ur #2 ). Buy a survivorship life policy 4 the same amount as the balance of the IRA, start funding at age 72 with RMDs, name children as beneficiaries, name charity as bene

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Dan Bennett, CFP®️

@danbennett31

11 months

@markcecchini I don’t think it’s unreasonable to include it as a satellite holding and treat it like an indiv stock. Keeping it to less than 6% of the portfolio

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Dan Bennett, CFP®️

@danbennett31

8 months

I’m not surprised by this at all. Altruist will be a household name much like Schwab/Fidelity et al in a short amount of time time

Altruist

@altruist

8 months

We're grateful to be named the #1 custodian advisors consider switching to and to score high on satisfaction in the T3 survey. Our latest blog provides insights into our remarkable performance & why we're the top choice for advisors. Read below👇

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Dan Bennett, CFP®️

@danbennett31

11 months

Projecting out your retirement balances 20-30 years into the future is an absolute waste of time. Focus on: Saving enough Mindful spending Maximize income sources Increasing profitability Everything else is fluff.

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Dan Bennett, CFP®️

@danbennett31

3 months

Not a whole lot better than a sunrise in Lake Placid, NY

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Dan Bennett, CFP®️

@danbennett31

9 months

-30 for the Chiefs/Fins game and a State of Emergency in Buffalo with 65mph winds and a foot of snow for the Bills/Steelers game? C’mon figure something else out. The best team won’t win these games…the luckiest team will.

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Dan Bennett, CFP®️

@danbennett31

4 months

@Rick_Ferri Often wrong but never in doubt.

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Dan Bennett, CFP®️

@danbennett31

4 months

@BlueDevils @MaliqBrown1 As a Cuse fan, we’re gonna miss all those deflections!

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Dan Bennett, CFP®️

@danbennett31

7 months

If you’re going to do these, do them accurately. No QBI? All $100k being taxed at 24%? 🤦‍♂️…..

Codie Sanchez

@Codie_Sanchez

7 months

Tax Write-offs. Here's an updated breakdown accounting for potential write-offs:

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Dan Bennett, CFP®️

@danbennett31

1 year

No better time than now? 14 years of loving what I do, I now get to share it under my own vision. It’s what I believe intentional financial planning and investment management should be. Can’t wait to share it! 👇🏼👇🏼

Intentional Financial Planning & Investment Management

With our intentional financial planning & investment management, you can design a personalized plan that will make life memorable.

www.lakewateradvisory.com

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Dan Bennett, CFP®️

@danbennett31

4 months

Asking an Advisor if they’re a Fiduciary isn’t enough anymore. Behind closed doors, all of them will tell you they are even if they’re not. Ask them to put it in writing. If they tell you they can’t, then they’re not.

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Dan Bennett, CFP®️

@danbennett31

1 year

@Lovey1973 Model YP. 1 year

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Dan Bennett, CFP®️

@danbennett31

8 months

@djwindle @MarkMcGrathCFP @AravindSitham @jasonpereira @Luke_Swanson_ @HML_Compounder @joshsmith1232 This has happened to me a couple times. People end up blocked that I never block.

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Dan Bennett, CFP®️

@danbennett31

8 months

A good reminder: I’ve worked with & met A LOT of successful financial advisors over the 14 years I’ve been in this industry. The common denominators were not: ❌Fancy tech stacks ❌Pretty financial plans ❌Suits They: ✅ Have Great teams ✅ Genuinely cared for their

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Dan Bennett, CFP®️

@danbennett31

3 months

@scottsalaske If the service , advice and time is the same, then no. If the aum fee includes estate planning, tax planning, a financial sounding board for making good financial decisions throughout the year AND investment planning….then yes. The problem is most advisors, especially those a

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Dan Bennett, CFP®️

@danbennett31

7 months

Do they know they make our job easier?

Marvin Bontrager, Ph.D.

@mbontrager5

7 months

Finfluencers are not happy with the “Wall Street Bros”

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Dan Bennett, CFP®️

@danbennett31

5 months

@BillWinterberg Good old risk tolerance questionnaires

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Dan Bennett, CFP®️

@danbennett31

9 months

@AlBorlin72 @TKopelman @jsdavis222 Nothing like paying more for underperforming active management

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Dan Bennett, CFP®️

@danbennett31

8 months

If you pass away unexpectedly and your spouse remarries, your kids may be unintentionally disinherited from assets/insurance you’ve worked hard to accumulate. 💰 Make sure your estate plan is up to date and aligns with what YOU want to have happen. 📃 ps- (you don’t have to

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Dan Bennett, CFP®️

@danbennett31

6 months

@jasonwenk @TheFinArtist @altruist I’ll make a t shirt and wear it to future proof

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Dan Bennett, CFP®️

@danbennett31

7 months

@TR401 I’m taking Paul!

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Dan Bennett, CFP®️

@danbennett31

10 months

I love CrossFit. It’s the best workout imo By why does everything have to be a race? No, you shouldn’t do 225# deadlifts as fast as you can. Quality > Speed

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Dan Bennett, CFP®️

@danbennett31

5 months

@olsonplanner I should have clarified. More “traditional” forms of marketing: Seminars Dinners Paid ads Courses Radio/TV/Billboards Paid leads Advertising

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Dan Bennett, CFP®️

@danbennett31

1 year

A great 🧵 on RSU’s 👇🏼

Matt Garasic, CFP®

@Matthew_Garasic

1 year

Restricted Stock Units (RSUs) can make you a millionaire in a few years. Or they can leave you with a surprise tax bill and wipe out your net worth. Here's everything you need to know to turn them into cash in your pocket...

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Dan Bennett, CFP®️

@danbennett31

11 months

CrossFit in the am….guilt free in the pm

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Dan Bennett, CFP®️

@danbennett31

9 months

Tax credits for start up 401(k) plans in Secure 2.0: 50 of fewer employees- ✅ 100% of start up costs/maintance Fees up to $5k for each of the first 3 years! Also - a new credit for those including a match. The credit is capped at $1,000 per employee per year. AND a

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Dan Bennett, CFP®️

@danbennett31

5 months

Pre-tax vs Roth? ✅ Different for everyone; but one thing is certain… ✅ No one is ever upset about paying zero tax on retirement withdrawals

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Dan Bennett, CFP®️

@danbennett31

8 months

Overheard some parents at the rink last night saying they’re against neck guards for the players. 🏒 How?? Neck guards in hockey should have been mandatory at all ages- ESPECIALLY KIDS- a long time ago. It’s a no-brainer. How can you be against this? 🥅

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Dan Bennett, CFP®️

@danbennett31

9 months

@mbontrager5 I just sold my home and put it in MPI. My kids are homeless but I’ll be a millionaire in 20 years!

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Dan Bennett, CFP®️

@danbennett31

7 months

If you won the $800mm Powerball, would you keep doing what you’re doing?

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Dan Bennett, CFP®️

@danbennett31

4 months

@investing_law Wait for the 2025 Tahoe - comes out later this year 🔥

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Dan Bennett, CFP®️

@danbennett31

11 months

San Diego is beautiful. Can I convince my wife to move out here? Stay tuned…. (Ps- prob not).

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Dan Bennett, CFP®️

@danbennett31

3 months

@ServoWealth This is the same guy on CNBC that was confident the S&P was going to 3,000 when it was at 3,800. Only to watch it go to 5,572 14 months later.

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Dan Bennett, CFP®️

@danbennett31

3 months

Happy 4th!! 🇺🇸

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Dan Bennett, CFP®️

@danbennett31

11 months

“Discipline is doing something you hate to do but doing it like you love it” -Mike Tyson

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Dan Bennett, CFP®️

@danbennett31

1 year

Four things that should be required learning in high school: 1. What’s credit and why is it important? 2. Budgeting apps to keep track of spending 3. How compounding of interest/returns impacts wealth 4. The impact of student loans and other loans

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Dan Bennett, CFP®️

@danbennett31

10 months

@djwindle @CPATaxTeam Exactly. They’re getting a nice spread on the 10% in cash they’re holding for a 40 year old

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Dan Bennett, CFP®️

@danbennett31

10 months

@SMB_Attorney No. Not in 4 years Not needed

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Dan Bennett, CFP®️

@danbennett31

7 months

Contrary to what some may believe: A backdoor Roth IRA contribution CAN be made before April 15th FOR 2023. It’s a bit of a pain with some tax forms (5498, 1099-R). But it can be done.

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Dan Bennett, CFP®️

@danbennett31

11 months

@TylerPurcell24 @ScottyHike @MichaelKitces @altruist 2nd that

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Dan Bennett, CFP®️

@danbennett31

5 months

Came across a client’s 401(k) plan and the cumulative fees are 2.75%. It’s 2024 and this is still happening. Few things surprise me these days in this biz. This takes the 🎂

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Dan Bennett, CFP®️

@danbennett31

8 months

@ramit @ankurnagpal He posted this 2 hour ago. You responded 2 hours ago. Never let a good opportunity go to waste!

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Dan Bennett, CFP®️

@danbennett31

1 year

@GuyTalksFinance Believe he’s referencing American Funds and specifically growth fund of America. He cherry picks the timeframe to make it appear the fund outperforms the index. (He’s wrong of course)

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Dan Bennett, CFP®️

@danbennett31

3 months

Hot take (maybe?) Our Tesla is fun to drive. But it’s built like junk. Rattles like a ‘05 Cobalt. The Tahoe we had was 100x better. Team Tahoe baby 🙈

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Dan Bennett, CFP®️

@danbennett31

9 months

Reviewing a small joint statement for a client. $75k total 55. 55!! ETFs. “Advisor” at their local Chase bank I can’t even wrap my head around this…

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Dan Bennett, CFP®️

@danbennett31

6 months

This is awesome..

New England Sports Fellow

@NESportsFellow

6 months

Tim and Stacey Wakefield's daughter Brianna throws the first pitch for the #RedSox .

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Dan Bennett, CFP®️

@danbennett31

10 months

Not all annuities are bad Not all permanent insurance is bad The operator of the vessel is often is issue

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Dan Bennett, CFP®️

@danbennett31

11 months

@markcecchini You have to be in his special funds tho

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Dan Bennett, CFP®️

@danbennett31

8 months

@PsyFIMD I’ll give you an example: Myself. “Fee-based” in the eyes of the SEC Fee-only on investment management and financial planning Commissions on term life insurance and long-term disability insurance. Insurance companies don’t pay “fees” to those who sell it. Commissions only.

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Dan Bennett, CFP®️

@danbennett31

11 months

@jus10castelli From CrossFit to surfing 😂 🏄 🌊 . Nice meeting you bro!

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Dan Bennett, CFP®️

@danbennett31

1 year

@AcdntlyRetired 🧐

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Dan Bennett, CFP®️

@danbennett31

5 months

@lady__bost Thanks! All @treytondotcom

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Dan Bennett, CFP®️

@danbennett31

1 year

@treytondotcom The little kiddos start around 430-5pm. Teenagers end around 9. Gluck!

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Dan Bennett, CFP®️

@danbennett31

11 months

@JWurzak Charlotte

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Dan Bennett, CFP®️

@danbennett31

5 months

@altruist The length of time it could take between submitting your resignation, filing your U4 and waiting for State or SEC approval A potential nightmare scenario for some- especially those needed state registration approval

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Dan Bennett, CFP®️

@danbennett31

4 months

If you’re over 30 and have SnapChat Time to reevaluate life

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Dan Bennett, CFP®️

@danbennett31

11 months

@jus10castelli Great stuff Can we get your videographer out to ‘Cuse? 😆

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Dan Bennett, CFP®️

@danbennett31

9 months

“The old model of financial advice was diagnosed and then prescribe. The new model of financial advice is diagnose. Discuss then decide.” - @jbrendanfrazier

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Dan Bennett, CFP®️

@danbennett31

6 months

Advisors who have set up Facebook groups: pros and cons? Worth it?

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Dan Bennett, CFP®️

@danbennett31

8 months

HSAs are great! But no, they are not the greatest investment vehicle of all time 🤦‍♂️ Seems to be suggested all over this platform

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Dan Bennett, CFP®️

@danbennett31

7 months

If you run a business and jobs can be done remotely, offer it That’s where the best talent is going.

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