Our Dictionary

A 60-40 portfolio designed with market fluctuations in mind, this allocation is meant to withstand the various ways the market can change even though we don't know when it might happen.

How investors split up their portfolios among different kinds of assets. The three main asset classes are equities, fixed income, and cash and cash equivalents. This strategy aims to balance risk and reward by doing the math to portion assets into different "buckets" to achieve each unique investor's goals.

For more details, visit Asset Allocation on Investopedia.

A standard measure for interest rates and other percentages in finance. One basis point equals 1/100th of 1%, or 0.01% (and .0001 in decimal form).

For more details, visit Basis Point on Investopedia.

The goal and foundation of the Rinvelt & David Team, this purpose drives our connections, communications, and core structure. We believe that finances are part of all aspects of life, and we want to highlight, enhance, and grow those connections. What you care about fuels your finances and fills your life.

Thinking you can delay enrolling in Medicare, or updating beneficiaries and estate plans, or getting insurance because you're doing okay and "nothing's going to happen" so there's no rush.

An alternative planning method to Goal-Based Management, Cash Flow Management sees your financial plan from the context of your specific income and expenses in order to provide a more complete financial picture, a more thorough analysis, and the most accurate strategy for achievement of future goals.

Looking at rates of return on investments we manage as well as assumptions in the plan. Others use assumed rate of return and don't always check to match with actual earnings.

Running the stress test on premature death. Not a popular topic, but important for surviving spouse and family long term. Planning for it helps overcome the fear - prepared for it, planned for it, hopefully don't have to deal with it.

We don't use templates or rules of thumb methodologies to financial planning. We have to understand the intricacies and details of every aspect of financial planning. Cash flow-based analysis that provides a lot more numbers. General goals and rule of thumb methods don't account for all of the unique scenarios we encounter (expected or unexpected). You have to assign price tags to financial challenges, expenses, etc.

For more details, visit Frequently Asked Financial Questions on Rinvelt & David.

We do not use a progressive fee schedule. Our model is a straight fee, fully disclosed. We don't charge a flat fee for financial planning and an asset-based fee on top of it. Your asset management fee includes management of your financial plan. Planning as well as asset management in one fee.

The Rinvelt & David six-step planning process for developing your unique financial plan, creating your personal investment strategy, and partnering with you to achieve your short and long-term financial goals.

For more details, visit Rinvelt & David Process.

Like any organization, you have short, mid, and long-term financial needs, and the way you manage money for those different needs during those different time periods is dramatically different when it comes to aggressive and conservative risk.

You are not going to spend all of this money tomorrow – some won't be used for 10+ years. Different strategies for different sleeves. We manage money for these different stages of life in the proper ways that are strategic to the timing of need.

Proactively scheduled review meetings meant to check in on progress and performance – where are we with our plan given changes to market & economy and personal experiences. Cash position for expected future withdrawals and expenses.

How are you doing personally? Frequent check-ins keep the plan current, accurate, and reliable. What's changed, what's upcoming? Family, health… If not done, things will get missed, and adjustments and changes that need to be made might not be done at the best time.

Medicare Trust Fund running out; inflation on medical costs is higher than other inflation. Supplemental coverage needs; reason retirees go back to work.

Planning for increased medical costs – setting the stage for the worst-case scenario when it comes to healthcare. The inflation has been more than double regular inflation for the last 30 years+.

Rising medical costs are the biggest mistake in planning – not the proper cost or inflation rate. We plan for this. Costs of procedures and premiums.

For more details, visit Medicare 2025 on Rinvelt & David.

Long-term care insurance premiums have quadrupled in the last 5 years. The ironic thing is that the people who need LTC coverage can't afford it or incorporate it into their retirement cash flow needs. Only the rich can afford it, and they don’t need it.

Working on developing the plan around the possibility that one or both spouses will need LTC. How do we use existing assets and not purchase the expensive insurance? Incorporate it into the plan with what you have.

For example, developing a strategy to use equity of the home/sale of house to pay for LTC community and expenses late into retirement years. Communities with steps through LTC.

We monitor and help manage cash flow in various economic and market conditions. Help make adjustments and recognize where certain challenges may be and provide recommendations on adjustments to help keep cash flow in line with the plan.

The notion of taking money from cash savings rather than taking money from investments to avoid paying taxes. The alternative is to take both cash and retirement money and stay in a low tax bracket for longer.

This way, you don’t use your savings. It's okay to pay taxes in retirement when you can keep them low!

You’ll always talk to a person. You’ll always have our attention, and we’ll follow through with you.

There is no computer-generated steps. Onboarding is personalized – a person at our end that is with you through every step of the process. No DIY – we partner with you, and you talk to one of us. We limit the automated approach to meet communications or service needs.

When should you take it? We'll help you find out.

We don't use the rule of thumb approach that SSA provides – we do break-even analysis to determine the optimal age to take Social Security benefits, and it is different for everyone. It depends on income streams, savings, and lifestyle needs – withdrawal rate.

You have to do the math to determine this.

We put your plan to the test. Looking at trying to create strategies to overcome different life events and their potential to break the plan: LTC, medical expenses, family needs, premature death, etc.

We develop the strategy and then test it against these potential events – can't plan perfectly, but we can test to see how to compensate with the plan to handle these scenarios. What can be done if these things happen?

Formal definition of Tax Loss Harvesting (check SEI or Investopedia).

Building a relationship so valuable that we are your third call when challenges come up: family, friends, faith, financial professional...

We are usually the third phone call made when life throws challenges at you – unexpected health event, unexpected major unplanned expenditure, sickness, accident. We're the third call to understand the financial impact and to get help on how to address these uncertainties. We create the certainty by making ourselves available.

Third Party Trust Services (SEI).