4.4 • 823 Ratings
🗓️ 30 November 2021
⏱️ 55 minutes
🧾️ Download transcript
The financial planner’s financial planner talks Roths, asset location, and managing sequence of returns risk. He also tells the story of how he got into the financial advice biz, and offers some career-development and time-management advice.
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0:00.0 | This is Motley Fool Answers. I'm Alison Southwick, joined as always by Robert Brokamp, |
0:07.5 | personal finance expert here at The Motley Fool. Why is the title of this week's episode so boring? |
0:13.7 | Because it's that good. Bro sits down to interview financial planner Michael Kitsas on a sundry of things. |
0:20.0 | If you know Michael Kitsas, you're excited of things. If you know Michael Kitsis, |
0:21.2 | you're excited. If you don't know him yet, well, I'm excited for you. All that and that's that on |
0:26.7 | this week's episode of Motleyful Answers. Every financial planner knows a thing or two about money, |
0:33.2 | but who do they turn to when they have a question or are looking to further their educations? |
0:37.7 | That person is very often, Michael Kitsis, one of the more prominent thought leaders in the |
0:41.5 | financial services profession. |
0:43.3 | Michael is the head of planning strategy at Buckingham Wealth Partners, co-founder of the |
0:47.2 | XY Planning Network, among other companies, the host of the Financial Advisor Success Podcast |
0:52.1 | and the publisher of the Kitsis report newsletter |
0:54.5 | and the nerds eye view blog at Kitsis.com. He has eight professional designations, including |
1:00.0 | the certified financial planner and master of taxation. He gives 50 to 70 presentations |
1:05.6 | at professional conferences each year. He's also an avid bridge player and the longest |
1:10.1 | standing volunteer and now |
1:11.4 | board member of the Washington Improv Theater. And finally, the man loves a good blue shirt. |
1:17.2 | Michael Kitsis, welcome to Motley Full Answers. Thank you so much. I really appreciate the opportunity |
1:21.9 | to be here and join you today. So let's start with your story. How did a psychology major with a |
1:27.0 | theater minor as well as all the pre-med requirements become a financial planning nerd? |
1:32.2 | Oh, God bless the liberal arts education, right? Like a psych major, theater minor, pre-med student, the only thing I figured out by last semester of senior year was I was really certain I didn't want to go into psychology theater or, or medicine full time. So, of course, my parents were thrilled. Money well spent. |
1:48.2 | Absolutely. I did love my liberal arts education. I don't want to knock it. But there was a lot of, |
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