FPO&G: Financial Planning for Oil & Gas Professionals

In this episode Jared discusses elder care planning with Brian Levy, Chief Relationship Officer at Manchester Care Homes and Cambridge Caregivers. They break down the elder care continuum, from in-home private caregiving to assisted living and care homes, and explain how families should think about these decisions before a crisis occurs. Brian shares insights on the true cost of care, what long-term care insurance does and doesn’t cover, and why understanding current care needs is critical. This episode provides a practical framework for incorporating elder care into a broader financial plan.

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In this episode, Justin and Jared answer a listener's question from a 70½-year-old with over $5 million in IRAs who wants to manage their lifetime tax liability. They walk through the math of Required Minimum Distributions (RMDs) and compare and contrast using Roth conversions, qualified charitable distributions (QCDs), and donating appreciated stock.

For more information and show notes visit:https://www.bwmplanning.com/post/119

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In this episode, Jared and Justin sit down with Sean T. Dugan of Dugan Production Corporation to unpack the often messy world of estate planning. Sean shares what it’s been like stepping in as the third generation of a six decade family oil and gas business and the challenges that come with unclear communication and disorganized inherited assets. Together, we talk about how family dynamics, business responsibilities, and legacy planning can collide and why proactive conversations matter. It’s an insightful look at preparing the next generation and avoiding avoidable pitfalls when it comes to passing down a fami...

In this episode, Justin and Jared break down the latest JPMorgan Guide to Retirement, exploring what real spending looks like for retirees today. They highlight the study’s most surprising findings and compare them with spending patterns they see among Oil & Gas professionals. Drawing from their own client data, they share practical insights into how retirement spending actually evolves—and what that means for planning a sustainable, confident retirement.

For more information and show notes visit: www.bwmplanning.com/post/117

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In this episode, Justin and Jared dive into several key topics shaping today’s financial landscape. They discuss Kyle Busch’s lawsuit against Pacific Life and what it says about life insurance, the growing trend of advisors moving away from broker-dealers, and the latest shifts in used car prices, housing, and interest rates. They conclude with a look at AI’s influence on the economy and what these changes mean for investors.

For more information and show notes visit: www.bwmplanning.com/post/116

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In this episode, we dive into the world of property and casualty insurance for high-net-worth families with Landon Davis from NFP. We examine the evolving risks and market shifts that make insuring valuable property particularly challenging. We also talk about Landon’s journey into the insurance field and how great brokers do more than manage policies—they become trusted advocates when challenges arise.

For more information and show notes visit: https://bwmplanning.com/post/115

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In this episode, we explore how the Ivy League endowment model can inform smarter investing for oil and gas professionals. We discuss how these massive funds balance long-term growth with liquidity and why even “permanent capital” requires flexibility. Listeners will see the blind spots of the largest pools of institutional capital and learn why no one invests to optimize for total return.

For more information and show notes visit: https://bwmplanning.com/114

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In this episode, we’re excited to welcome Reagan Miller, the newest member of our Fort Worth team. She shares her journey into wealth management, how her background in admin and marketing supports her role, and her passion for organization, bookkeeping, and learning new skills. Reagan also talks about her excitement for being part of the Fort Worth community and contributing to our team’s mission of providing trusted financial planning in the oil and gas industry.

For more information and show notes visit: www.bwmplanning.com/post/113

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In this episode, Justin and Jared explore real estate investing, the future of work trends, and how both are reshaping today’s markets. We dive into Galveston’s oversaturated Airbnb market, the return-to-office push, and what these shifts mean for hybrid work models and investors. Plus, we break down dividend strategies and the economic impact of ultra-luxury real estate projects like Ken Griffin’s billion-dollar Palm Beach estate.

For more information and show notes visit: https://bwmplanning.com/post/112

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Justin and Jared break down the key insights from UBS’s Global Wealth Report. We look at how wealth is growing across different demographics, why median wealth in the U.S. is outpacing other countries, and what the rise in everyday millionaires really means. We also dig into unique factors driving this trend, including equity ownership and mineral rights, and what they mean for oil and gas professionals. Finally, we connect the dots between wealth distribution, consumer behavior, and economic resilience, giving you practical takeaways to strengthen your financial planning and investment strategy.

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In this episode, Justin and Jared break down the truths and myths about trusts. We discuss how trusts can help with estate planning by avoiding probate, protecting assets, and managing distributions if you become incapacitated. You’ll also hear how trusts compare to wills and where people often misunderstand their role in a financial plan.

For more information and show notes visit: https://www.bwmplanning.com/post/110

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In this podcast, Jared and Nathan discuss the newest piece of tax legislation that was passed into law earlier this year - One Big Beautiful Bill Act. They highlight the pieces of the bill that are most pertinent to oil and gas professionals, they also discuss which pieces of the bill are the most overrated.

For more information and show notes visit: https://www.bwmplanning.com/post/109

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In this lightning pod, we discuss: dollar cost averaging vs. lump sum investing, credit card points, and which market segment we'd only own if we could only own one. Be sure to listen to the end, where we discuss our thoughts on the most overrated and underrated cities.

For more information and show notes visit: https://www.bwmplanning.com/post/108

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In this episode, Justin and Jared discuss why they think 529 plans are overrated. We discuss the 529 to Roth rollover provision, the state income tax deduction, and the tradeoffs and benefits of locking funds into an account earmarked for education funding.

For more information and show notes visit: https://www.bwmplanning.com/post/107

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In this episode, Justin and Jared discuss what to think through if you want to buy a business. Should I buy a business in retirement? What type of business should I buy or start? When will the steady path of a W2 career result in more wealth?

For more information and show notes visit: https://www.bwmplanning.com/post/106

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In this episode, Justin and Jared discuss the federal deficit, the funding status of Social Security, and what that may mean for future tax policy and retirement planning for oil and gas professionals.

For more information and show notes visit: https://www.bwmplanning.com/post/105

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In this episode, Justin sits down with our newest team member, Josh Matthews, to discuss his first money memory, his career in commercial real estate, and what led him to change careers.

For more information and show notes visit: https://www.bwmplanning.com/post/104

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In this episode, Justin and Nathan discuss the trade-offs between public and private schools. Through the lens of Houston and Dallas specifically, they compare living in the city core and sending kids to private schools, moving to the suburbs for public schools, or buying an expensive home with great public schools that's centrally located.

For more information and show notes visit: https://www.bwmplanning.com/post/103

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In this lightning pod, we discuss: the outrageous and ever-rising costs of youth sports, the pros and cons of property taxation, and the brilliance of Rolls-Royce.

For more information and show notes visit: https://www.bwmplanning.com/post/102

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In this episode, we sit down with Massiel Diez to discuss how her relationship with money has shaped her life and career in Oil and Gas. And how she's found success in her career in entrepreneurial marketing and content creation within the industry.

For more information and show notes visit: https://www.bwmplanning.com/post/101

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In this episode, we celebrate 100 episodes by telling Brownlee Wealth Management's origin story, reflecting on our progress, and mapping out our plans for the future.

For more information and show notes visit: https://www.bwmplanning.com/post/100

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In this episode, we discuss the most common question we get on investment portfolios: "Why should I own international stocks?"

For more information and show notes visit: https://www.bwmplanning.com/post/99

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In this episode, we sit down with Scott Darling to discuss his 35-year career at ExxonMobil, the Retire in 5 Yammer group for ExxonMobil employees approaching retirement, and how Scott worked through his retirement readiness.

For more information and show notes visit: https://www.bwmplanning.com/post/98

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For more information and show notes visit: https://bwmplanning.com/post/97

For years, low interest rates made it easy to dismiss debt, but now, the math behind financing decisions is a little more complex. With interest rates on the rise, the conversation around financing has shifted significantly.

In this episode, we explore:

We also discuss the behavioral aspects of debt...

For more information and show notes visit: https://bwmplanning.com/post/96

In the previous episode, we discussed the accelerating trend of retirement in the oil and gas sector and what it means for professionals at various stages of their careers. Now, we’re taking it a step further by helping you assess your own retirement readiness.

Are you wondering if you have enough assets to make work optional? Should you consider taking that severance package? We unpack these questions and more, providing you with the tools to evaluate your financial situation effectively.

Here’s a...

For more information and show notes visit: https://bwmplanning.com/post/95

Over the past few years, we’ve seen significant volatility in the industry, including three major oil crashes and a historic rise in interest rates. These events have led to a unique situation where many professionals were forced into retirement earlier than planned, creating a lull in retirements. We think this is about to change.

✅ The Impact of Volatility: How the recent market fluctuations and layoffs have affected retirement patterns

✅ Interest Rates and Pensions: The relationship between rising interest rates and pension values...

For more information and show notes visit: https://bwmplanning.com/post/94

This week, Justin and Jared are back with another Lightning Pod - here’s what you can expect in this episode:

For more information and show notes visit: https://bwmplanning.com/post/93

This week, we had the pleasure of welcoming Jeff Krimmel, a mechanical engineering PhD from Caltech and the founder of Krimmel Strategy Group. If you’re looking to deepen your understanding of energy strategy and market dynamics, this episode is a must-listen!

In our conversation, Jeff shares his unique journey from a technical engineering background to becoming a key player in energy strategy consulting. He discusses how his experiences at Baker Hughes and other companies shaped his perspective on the energy sector and led hi...

For more information and show notes visit: https://bwmplanning.com/post/92

Last week, we explored the considerations for inheritors, but this time, we shift our focus to the responsibilities and planning topics that grantors need to keep in mind. Many of our clients find themselves in both roles, so understanding both sides of the equation is crucial for effective financial planning.

In this episode, we discuss:

For more information and show notes visit: https://bwmplanning.com/podcast

The first part of a two-part series where we explore the intricacies of inheritance from two perspectives: the inheritor and the gifter. This week, we focus on the inheritor's point of view, discussing why it’s essential for everyone—especially those in the oil & gas profession—to consider the implications of potential future assets.

Here are some key takeaways from this episode:

For more information and show notes visit: https://bwmplanning.com/post/90

In latest episode of Financial Planning for Oil and Gas Professionals, Jared & Justin dive deep into the fascinating world of Texas's $200 billion Teacher's Pension Fund.

Did you know that 1 in 20 Texans participates in this pension? That's millions of people relying on smart investment strategies. We break down the allocation and what you can learn from it:

1) The Importance of Diversification: The Texas Teacher's Pension allocates 54% of its assets to global equity, 21% to stable value, and 21% to real return. This diversified approach allows...

For more information and show notes visit: https://bwmplanning.com/post/89

In this week's episode, we dive into a variety of topics, including:

✅ Cultural Differences in Europe: Join us as we share personal experiences from a recent trip to Europe, exploring the unique cultural nuances we encountered in countries like Belgium, the Netherlands, England, and Germany.

✅ The Tipping Debate: We discuss the evolving landscape of tipping in Europe versus the U.S., examining whether tipping has become out of control and how it impacts the restaurant industry.

✅ Work-cations: Discover why we believ...

For more information and show notes visit: https://www.bwmplanning.com/post/88

In this episode of Financial Planning for Oil and Gas Professionals, hosts Justin Brownlee and Jared Machen dive into the case against private equity. Private equity investments can be an enticing option for investors seeking higher returns, but they come with a distinct set of risks, fees, and liquidity challenges that warrant careful consideration. Here are some key points to keep in mind when evaluating private equity as part of your investment strategy:

Unique Risks

Private equity often involves investing in...

For more information and show notes visit: https://www.bwmplanning.com/post/87

In this episode of Financial Planning for Oil & Gas Professionals, hosts Justin Brownlee and Jared Machen dive into the recent updates to the SECURE Act, focusing on changes affecting non-spouse beneficiaries and the implications for Required Minimum Distributions (RMDs) under the 10-year rule.

The SECURE Act, passed in 2019, introduced significant changes to how non-spouse beneficiaries manage inherited IRAs. One of the most notable changes is the requirement for most non-spouse beneficiaries to deplete inherited accounts within a 10-year period. This shift has significant...

For more information and show notes visit: https://www.bwmplanning.com/post/86

In this episode of Financial Planning for Oil and Gas Professionals, we dive into the complex considerations involved in purchasing a second home. We explore the decision from both an investment and lifestyle perspective, providing insights to help you determine if a second home makes sense for you.

Key Takeaways

The Investment vs. Lifestyle Decision:

We break down the decision to buy a second home into two primary motivations: investment and lifestyle. It's important to consider the potential for...

For more information and show notes visit: https://bwmplanning.com/post/85

In this episode of Financial Planning for Oil and Gas Professionals, hosts Justin Brownlee and Jared Machen discuss their theory on resort town hyperinflation, do a residential real estate heat check, and delve into back-to-school financial topics.

Challenges Faced by Resort Towns and Luxury Vacation Inflation

Resort towns and luxury vacation destinations are grappling with a unique challenge that could result in inflation surpassing that of other sectors of the economy. We dive into how these areas have witnessed a significant surge...

For more information and show notes visit: https://www.bwmplanning.com/post/84

In this episode, we discuss some thought-provoking ideas and share our insights on optimizing investments, lowering future taxes, and growing wealth. Here are three key takeaways from this enlightening discussion:

1. Intentional Spending and Memory Dividends

One of the main points we explored in the episode is the concept of intentional spending and the idea of "memory dividends." We discussed how being intentional with how you spend your time and money can lead to meaningful experiences that pay off in the form...

For more information and show notes visit: https://www.bwmplanning.com/post/83

In this episode of Financial Planning for Oil & Gas Professionals, we had the pleasure of speaking with Bob Phillips, a seasoned veteran with a 47-year career in the oil and gas industry. Bob shared his incredible journey, from his early days in Tyler, Texas, to his recent sale of Crestwood Equity Partners to Energy Transfer for $7.1 billion.

Key Highlights:

Early Career and Background:

Bob grew up in Tyler, Texas, and attended the University of Texas, where he got into...

For more information and show notes visit: https://www.bwmplanning.com/post/82

In this episode of Financial Planning for Oil & Gas Professionals, we had the pleasure of hosting Terry Nixon, a seasoned veteran in the oil and gas industry with a career spanning over four decades. Terry, who is also my neighbor in Fort Worth, shared his incredible journey and the pivotal moments that shaped the modern-day Texas oil and gas landscape.

Key Highlights

✅ Early Career: Terry started his career at Northern Natural Gas in Tulsa, working in the gas purchase department. He la...

For more information and show notes visit: https://bwmplanning.com/post/81

In this episode, we discuss an interesting situation forming in the financial advisor industry: while client retention rates are high, trust and satisfaction levels are not as impressive. This discrepancy suggests that many clients stay with their advisors despite feeling underserved 📝

We explore several reasons why clients might hesitate to switch advisors, including relational ties, pride, and the pure inconvenience of finding a new advisor. We also share personal anecdotes from our experiences, illustrating how some clients remain in subpar relationships due to these fac...

In this episode of FPO&G, Justin and Jared dissect how retirement planning is impacted by executive compensation.

Should my investment allocation be changed due to the nonqualified stock options, deferred comp, and restricted stock that vest after retirement?

Do Roth conversions still make sense as a retiree in light of my post retirement income?

How do I balance optimizing for taxes while managing the concentrated stock risk of this equity compensation on my balance sheet?

For more information and show notes visit: https://www.bwmplanning.com/post/80

For more information and show notes visit: www.bwmplanning.com/post/79

In this episode of FPOG, Justin and Jared dissect JP Morgan's 2024 Global Family Office Report.

What can research from the biggest bank in America on some of its wealthiest clients teach us?

We discuss our favorite parts of the report, takeaways for Oil & Gas professionals, and a few key points:

1) Wealth Management Team for Families: The episode explains how a family office serves as a private wealth management team for one or a few families. While typically associated with ultra-high-net-worth...

In this episode of FPOG, Justin and Jared discuss the most common mistakes they see related to constructing an investment allocation. They also talk through best practices when it comes to thinking through how to construct your mix of investments.

For more information and show notes visit: https://bwmplanning.com/post/78

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For more information and show notes visit: https://bwmplanning.com/post/77

In this episode of FPOG, we're excited to bring back our lightning round format and it's been a while since it's just been the two of us—Justin and Jared—diving into your questions and our thoughts on various financial planning strategies and investment insights.

Key Topics Discussed:

For more information and show notes visit: https://bwmplanning.com/post/76

Today, Justin dives deeper into a topic we touched on a few weeks ago with Nathan—career paths within the oil and gas industry.

Recap of the Three Career Paths:

For more information and show notes visit: https://bwmplanning.com/post/75

This episode of FPOG features a Meet the Team segment with Cari Lingle, the newest member of Brownlee Wealth Management.

Cari shares:

She brings a wealth of experience in financial analysis and education, and she's now transitioning into financial planning after completing her CFP education and passing the exam.

Cari connected with Justin through their kids' school and found that her interests...

For more information and show notes visit: https://bwmplanning.com/post/74

On this episode of Financial Planning for Oil and Gas Professionals, hosts Justin and Jared, along with guest Nathan, delve into the different career tracks within the oil and gas industry and the financial planning implications associated with each track. They discuss the allure of entrepreneurship and owning a business as a path to wealth, providing valuable insights for professionals in the field. Tune in to gain valuable knowledge on optimizing investments, lowering taxes, and growing wealth in the oil and gas sector.

Connect...

In this episode, Justin spoke with an anonymous guest known as Retired Founder, who shared his journey from a middle-class upbringing to achieving financial freedom after selling his tech company.

Retired Founder provided insights into the challenges and realizations that come with retirement, especially after a successful exit event.

Retired Founder discussed his early memories of money, his motivation driven by financial rewards, and the struggles he faced during the initial years of his business.

He highlighted the low points before and after his company's liquidation events, emphasizing that the lows experienced without...

In this episode, Justin sits down with Preston Holland from Flying Finance to discuss all things private aviation. When can people begin to explore private aviation? When does owning a plane (fractionally or whole) make sense vs. chartering? What innovations get Preston excited? What tax considerations are there related to aircraft ownership?

For more information and show notes, visit: https://bwmplanning.com/episode72

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This lightning pod episode covers several topics in 10 minutes or less. We discuss: Tony Robbins's new book on the "the holy grail of Investing", why you're probably thinking about your ESPP wrong, and what we think of the expanded college football playoff.

For more information and show notes visit: https://bwmplanning.com/episode71

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In this episode, we discuss how high-net-worth investors should think about RMDs. We also discuss why young accumulators should care about RMDs despite being decades away from taking them. Regardless of your age, RMDs will impact your tax plan, and it's never too early to start preparing!

For more information and show notes visit: https://bwmplanning.com/episode70

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In this episode, we discuss the S&P breaking through to new all-time highs. Is investing in all-time highs a bad idea? What does the data say? Can you be a value investor and invest at all-time highs? How does your time horizon impact this decision? What should you do with a lump sum cash payment?

For more information and show notes visit: https://bwmplanning.com/episode69

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In this episode, we visit with Nathan Meehan to discuss all things petroleum engineering. We discuss his career, his transition from the private sector to academia, and the future of energy education.

For more information and show notes visit: https://bwmplanning.com/episode68

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In this episode, we discuss the most common tax mistakes we see. We also share horror stories of six-figure tax mistakes we've identified for clients. Lastly, we provide ideas to ensure you avoid these costly mistakes.

For more information and show notes visit: https://bwmplanning.com/episode67

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In this year-end review, we discuss investment returns, the biggest storylines, our biggest surprises, and why we're bullish going into 2024. We also review some of the expert "consensus" forecasts that aged poorly because they were so wildly wrong.

For more information and show notes visit: https://bwmplanning.com/episode66

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In this episode, we do a deep dive into Chevron's benefits. We provide an overview of the key employee benefits and strategies to optimize these benefits. We also compare the benefits to other supermajors and provide our overall rating on their benefits package.

For more information and show notes visit: https://bwmplanning.com/episode65

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This lightning pod episode covers several topics in 10 minutes or less. We discuss the case against budgeting, the insanity that is college football coaching buyouts, and why there's a looming CPA shortage.

For more information and show notes visit: https://bwmplanning.com/episode64

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When does a supermajor become a Super-Duper major? In the episode, we discuss Chevron acquiring Hess and ExxonMobil acquiring Pioneer Natural Resources. We talk about the deals, what they say about the state of the industry, and what financial planning considerations are there for employees of the firm being acquired.

For more information and show notes, visit: https://bwmplanning.com/episode63

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In this episode, we visit with Brandon O'Neill, Vice President at Fidelity Charitable. We discuss the mechanics of donor-advised funds, what assets are optimal for gifting, and various giving strategies that optimize your tax and estate plan.

For more information and show notes, visit: https://bwmplanning.com/episode62

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In this episode, we discuss the paradox of investing in innovation. How do you invest in the future while trying to avoid bubbles? Innovation creates excitement, which often creates high valuations. Is investing in high valuation companies or companies without earnings a bad investment strategy?

For more information and show notes, visit: https://bwmplanning.com/episode61

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In this episode, we discuss: what risk is, how it changes over time, common risks we see for Oil & Gas professionals, and how to manage them. We also question the merits of a risk tolerance questionnaire as a comprehensive risk management tool. 

For more information and show notes, visit: https://bwmplanning.com/episode60

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In this episode, we visit with Matt Sands of Silverheels Investments to talk about all things Mineral Rights. In this episode, we discuss valuing your minerals, financial planning considerations with minerals, how to construct your mineral planning team, and investing in the asset class.

For more information and show notes, visit: https://bwmplanning.com/episode59

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In this episode, Justin and Jared break down the life of another sample client: Teddy & Theresa Taxable. They are retired in their 60s and have a $25 million net worth. They are not worried about running out of money but want to ensure they avoid estate taxes. We discuss what considerations, opportunities, and mistakes they must be aware of to optimize their financial plan (tax, investment, estate planning, income planning, and risk management).

For more information and show notes, visit: https://bwmplanning.com/episode58

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In this episode, Justin breaks down the life of another sample client: Alvis and Alyssa Accumulator. They are in their early 40s and have three kids. Their income and expenses have never been higher. We discuss what considerations, opportunities, and mistakes they need to be aware of to optimize their financial plan (tax, investment, estate planning, income planning, and risk management).

For more information and show notes, visit: https://bwmplanning.com/episode57

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In this episode, Justin breaks down the life of a sample client: Elvis & Imogen Exxon. They are in their late 50s and nearing retirement from a supermajor O&G company. They have accumulated $5.2M and are planning on relocating to Colorado. We discuss what considerations, opportunities, and mistakes they need to be aware of to optimize their financial plan (tax, investment, estate planning, income planning, risk management).

For more information and show notes, visit: https://bwmplanning.com/episode56

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In this episode, Justin and Nathan discuss passing financial wisdom down to the next generation. We discuss what kids need to learn and methods to help kids apply these concepts. We discuss how it changes as kids grow up and share examples of how we've seen it done well across various ages.

For more information and show notes, visit: https://bwmplanning.com/episode55

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In this episode, Justin and Nathan discuss planning opportunities and challenges if you have more than $2M in brokerage assets. We'll talk through the biggest tax opportunities available to you, estate planning considerations over the next 10 years, life planning implications, and relevant changes to your insurance needs.

For more information and show notes visit: https://bwmplanning.com/episode54

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In this episode, Justin and Jared discuss how the death of the beneficiary "stretch" RMD has created seismic changes for IRA tax planning. We discuss why the stakes are so high, review a case study to illustrate its impact, and outline strategies to defuse the potential tax time bomb.

For more information and show notes visit: https://bwmplanning.com/episode53

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In this episode, Justin and Jared discuss the issues with assets under management (AUM) fees. We review the conflicts of interest, the balance sheet issues it creates, and what alternatives are available.

For more information and show notes visit: https://bwmplanning.com/episode52

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In this episode, Nathan and Jared discuss why they think it's so hard for Oil and Gas professionals to spend money in retirement. We often see retirees with more than they ever need, yet they have trouble enjoying and spending the nest egg they've worked so hard to build. We talk through why that is and strategies for spending well in retirement.

For more information and show notes visit: https://bwmplanning.com/episode51

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To celebrate 50 podcast episodes, Justin and Jared provide an update on FPOG and Brownlee Wealth Management. They talk about what they've learned, the history of the firm, and what's on the horizon.

For more information and show notes visit: https://bwmplanning.com/episode50

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In this episode, Justin and Nathan talk through the complexities of financial planning as an energy trader. How do I deal with the volatility in income? What tax strategies are available to high earners with variable compensation? How similar or different is managing my personal investments from managing a professional trading portfolio? Do professional traders even need wealth management?

For more information and show notes visit: https://bwmplanning.com/episode49

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This episode is a lightning pod, covering several topics in bite-sized chunks. We discuss home prices, inflation, student loans, and college football tickets. Are homes overvalued? Is an economic soft landing possible? We finish some commentary on the landscape of higher education and tax deductions related to college football tickets.

For more information and show notes visit: https://bwmplanning.com/episode48

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In this episode, we talk about the collapse of one of the 20 largest banks in America, Silicon Valley Bank. What can Oil and Gas professionals learn from this? What does this teach us about cash management, risk management, and duration matching?

For more information and show notes visit: https://bwmplanning.com/episode47

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In this episode, we talk about how to be an above-average investor. What does the data tell us? How good are professional investors? Can advisors help you be a better investor?

For more information and show notes visit: https://bwmplanning.com/episode46

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In this episode, we talk about how to plan for your annual bonus. We build a framework for understanding how to balance spending, investing, paying taxes, and saving those funds. We also talk about how it touches other parts of your financial plan.

For more information and show notes visit: https://bwmplanning.com/episode45

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Financial planning is an industry buzzword, but what does it actually mean? Is it a 40-page plan? Is it only retirement planning? Does every advisor do financial planning? Can a hybrid broker be a financial planner?

For more information and show notes visit: https://bwmplanning.com/episode44

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In this episode, Justin talks through the recent pieces of tax legislation and what it might mean for the future of taxes. We discuss how indirect taxation, the wealth tax, high-income brackets, and the growing army of IRS agents impact retirement planning for oil and gas professionals.

For more information and show notes visit: https://bwmplanning.com/episode43

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In this episode, we talk about Secure Act 2.0, the newest piece of tax legislation passed into law. We discuss the major changes, how it impacts O&G professionals, and who are the winners/losers as a result of the new rules.

For more information and show notes visit: https://bwmplanning.com/episode42

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In this episode, we discuss the market's performance for 2022. We discuss the biggest surprises, why we're bullish, and what the data looks like over a longer time period.

For more information and show notes visit: https://bwmplanning.com/episode41

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What should you do if you are in your 50s and your employer starts taking away benefits? In this episode, we discuss when you should leave, how to consider the trade-offs, and how post-employment consulting fits in. We also discuss the importance of avoiding tax penalties and thinking through planning opportunities if you decide to retire sooner than expected.

For more information and show notes visit: https://bwmplanning.com/episode40

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In this episode, we talk about what important financial planning strategies you should consider prior to year-end. We also discuss the importance of working with your CPA to ensure the plans executed are actually reflected on your tax return.

For more information and show notes visit: https://bwmplanning.com/episode39

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In this episode, we talk about what happens to your financial plan when you're gone. How do I ensure my financial plan continues and that my surviving spouse is taken care of? How do I set my family up for success?

For more information and show notes visit: https://bwmplanning.com/episode38

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In this episode, we talk about wealth management fees. Why is the average person overpaying? Why does the average person not even know what they're paying? (hint: Wall Street made it this way) We end the episode outlining the various options and costs available to investors.

For more information and show notes visit: https://bwmplanning.com/episode37

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In this episode, we talk to Rusty Gilbert about everything ESG investing. How much of a difference is it making vs. just being a new industry buzzword? How do you account for the variety of definitions domestically and internationally? Has ESG contributed to the energy instability we're seeing globally? How could it be improved?

For more information and show notes visit: https://bwmplanning.com/episode36

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Meet our new associate financial planner, Nathan Steele. In this episode, we talk to Nathan to learn more about his background and career transition from natural gas scheduling to wealth management.

For more information and show notes visit: https://bwmplanning.com/episode35

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In the episode, we sit down with Blaine Killion to talk about all things Dave Ramsey. What do we think of his advice? Do we agree or disagree with his biggest ideas? Is it still applicable today?

For more information and show notes visit: https://bwmplanning.com/episode34

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What do we think about Do-It-Yourself Investing? In this episode, we discuss when DIY investing could make sense and the key ingredients to doing it successfully.

For more information and show notes visit: https://bwmplanning.com/episode33

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Are investment returns impacted by who is in control in Washington? This podcast looks at the historical data on how presidents, congress, and election years affect the stock market.

For more information and show notes visit: https://bwmplanning.com/episode32

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In this episode, we break down a Bloomberg article talking about people making at least $250K/yr. and living paycheck to paycheck. We also talk about when living paycheck to paycheck is a good thing, the inflation of lifestyle, and the private equitization of everything.

For more information and show notes visit: https://bwmplanning.com/episode31

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In this episode, Justin talks about short-term rentals as an investment opportunity. Real estate has made lots of millionaires, but how do short-term rentals compare to other types of real estate? What risks should you be aware of? Is real estate really a passive investment?

For more information and show notes visit: https://bwmplanning.com/episode30

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In this episode, we unpack our theory on why we think that Oil and Gas professionals are above-average investors. The cyclicality of the profession and an understanding of a business's value and risks contextualize market volatility and confirm the importance of a long-term approach.

For more information and show notes visit: https://bwmplanning.com/episode29

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In this episode, we talk about bear markets. How often do they happen? Should you change your portfolio? Are there financial planning strategies that make MORE sense to execute during a bear market?

For more information and show notes visit: https://bwmplanning.com/episode28

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In this episode, we talk about how to make financial planning multi-generational. Is legacy planning more than an estate plan? What are things I can do in my life today to incorporate legacy planning into my plan?

For more information and show notes visit: https://bwmplanning.com/episode27

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How are Oil & Gas professionals thinking about the industry, risk management, retirement, and financial planning? In this episode, we sit down with Will Sims of Kosmos Energy and David McKellips of Williams to learn more about how this generation of oil and gas professionals are thinking about their professional and financial futures.

For more information and show notes visit: https://bwmplanning.com/episode26

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In this episode, we talk about the case against dividend-focused investing. Why is it focusing on the wrong thing? Why dividends don't protect you in the long term? Why are dividends suboptimal from a tax perspective?

For more information and show notes visit: https://bwmplanning.com/episode25

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In this episode, we talk about how to recreate a paycheck in retirement. How do you build a thoughtful strategy for decumulating an investment portfolio? Which account should I take assets from? What about estimated taxes?

For more information and show notes visit: https://bwmplanning.com/episode24

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In this episode, we talk about how to make financial planning multi-generational. Is legacy planning for everyone? What is wealth? Why is "spending your last dollar on your last day" a terrible idea? How does generational financial planning change how you think about your time horizon?

For more information and show notes visit: https://bwmplanning.com/episode23

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In this episode we talk all about deferred compensation. How does deferred comp work and how does it fit into my financial plan? What planning opportunities are available? What common mistakes do people make with these plans?

For more information and show notes visit: https://bwmplanning.com/episode22

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In this episode, we talk about the charitable giving and how it fits into a financial plan and a rich life. How does it impact taxes? How can you optimize charitable giving? When and what should you be giving?

For more information and show notes visit: https://bwmplanning.com/episode21

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