5 Things Our Clients Love About the Five Pine Wealth Difference

admin • April 3, 2023
CDA Idaho

 

Imagine this: You’re starting to get serious about saving for retirement. You want to make sure you’re prepared for this major life transition, so you decide it’s time to hire a financial advisor. On the recommendation of your brother-in-law, you begin a relationship with an advisor—let’s call him Bill—and start to map out your path to retirement. 

During the first year, everything is going great. Bill puts together a portfolio of investments for you and supplies you with a bunch of fancy charts showing you your chances of success. You’re feeling good about the fact that you have a plan to follow! And so you start taking the actions that you and Bill outlined in your plan. 

But after a while, you stop hearing from Bill. You’re not sure if you’re still on the right track to reach your goals. You’re wondering whether recent market events have any bearing on the performance of your portfolio. And when you call Bill to ask these questions, he doesn’t get back to you for an entire week.

If you’ve ever experienced this type of relationship with a financial advisor, you’re not alone. A shocking amount of our clients have come to our firm with stories about feeling ignored or overlooked by their financial advisors. 

In our opinion, this is inexcusable. You deserve better, which is why we’ve committed to a higher level of customer service and communication in our firm. Below are five differences that set the Five Pine Wealth Management team apart:

  1. We approach wealth management holistically
  2. We are fee-only fiduciaries
  3. We are proactive communicators
  4. We believe in long-term, low-cost investment options
  5. We are younger than most other advisors

1. We Approach Wealth Management Holistically

There are “investment guys” a-plenty out there who can help investors manage their money and make trades on their behalf. Holistic financial planners, however, are harder to come by. We differentiate ourselves from those other “investment guys” with our holistic approach and breadth of knowledge within the financial planning realm. 

In our opinion, the “other guys” focus too heavily on return rates and forget that there are real dreams, goals, fears, and needs behind the numbers. By fixating on the numbers, they miss out on creative, more effective opportunities and approaches that will help their clients achieve the real results they’re looking for. 

From our point of view, investments are just one component of a healthy financial plan. 

Sure, they’re certainly important, and managing your portfolio is one of our core services. But things like insurance planning, estate planning, college planning, tax planning, and strategic asset allocation are equally important areas of financial planning. We help with all of these areas, and they’re automatically included in the annual fee our clients pay for our services.

2. We Are Fee-Only Fiduciaries

Lots of “financial advisors” are willing to sell annuities and permanent life insurance policies to anyone who will sign on the dotted line. But we feel strongly about identifying ourselves as fee-only fiduciaries . 

Being a fiduciary means that we are legally and ethically obligated to place our client’s best interests ahead of our own, so our clients can rest assured that we don’t make recommendations that are a poor fit for their needs.

Additionally, we pride ourselves on having built a fee-only book of business from scratch. Fee-only means that we do not sell financial products such as life insurance policies or annuities to our clients. We also do not collect referral fees or earn commissions on any investments we recommend. 

Beyond being fiduciaries, the fee-only model ensures that we are actually incentivized to work in your best interest. Because when you do well, we do well.

3. We Are Proactive in Our Communication

As holistic financial advisors, we know life happens. And when life happens, your plan might need to change. 

Plus, one of the main reasons we got into this business is because we like people. Developing strong relationships with our clients is one of our core values. While we always welcome calls from our clients, we understand that the phone works both ways. So we promise to stay in touch with you on a yearly basis at a minimum . 

Annual and semi-annual reviews provide us with more opportunities to identify possible challenges in your plan and make the most of any favorable circumstances that come your way. You can also expect to hear from us with intermittent updates throughout the year so that you’re never in the dark about what we’re doing and how we’re responding to changes in the markets.

4. We Believe in Long-Term, Low-Cost Investment Options

We advocate passive, long-term investing strategies, and are often opposed to using actively managed and potentially tax-inefficient mutual funds. To help our clients keep more of their money, we believe in using ETFs and indexing strategies to keep costs as low as possible without sacrificing performance. (Some of our favorites include Vanguard and BlackRock funds.)

We see value in diversification and utilizing nontraditional assets to help our clients reach their goals. The portfolios we design and manage consist of a mix of publicly traded equities (i.e., stocks), publicly traded fixed-income instruments (i.e., bonds), and private equity/credit investments (i.e., alternative assets). A Five Pine Wealth client’s portfolio may have up to 15% allocated to these non traditional assets, depending on their personal goals and risk tolerance. 

It’s important to note that alternative assets are not always accessible to individual investors, as they typically have a $1 million minimum purchase price. Therefore, many investors can only purchase alternative assets by working with a financial advisor. We believe our commitment to including alternative assets in our portfolios is a huge value-add to our clients.

5. We Are Younger Than Most Other Advisors

In the financial planning world, most advisors are 50 or older . And while advisors certainly need to have experience on their side, there are some serious downsides to working with an older advisor. 

For one, you risk that a financial advisor who is older than you will retire before you do! Then you’re left in the dust, scrambling to develop a new relationship right before you’re about to make one of the biggest transitions of your lifetime.

Secondly, many (not all!) of these older advisors are simply behind the times. They’re missing the mark on issues that are relevant to investors today—issues like income-replacement alternative assets,  the role of Bitcoin in a diversified portfolio, student loan repayment strategies, and the frequent career changes so many people are choosing to make these days. 

As younger advisors, we help our clients take advantage of modern, creative strategies and technology to help them plan for the challenges they’ll need to overcome and reach the goals they’re set on achieving. 

We Choose Our Clients Carefully

At Five Pine Wealth , we don’t work with just anyone. We are not the right fit for day traders or for investors with a market-timer mentality. Our clients don’t engage in frequent buying and selling of shares, and they don’t try to predict what’s going to happen in the markets. 

Instead, we’re best suited to work with long-term investors who understand that markets experience natural cycles of growth and decline. These investors are committed to holding onto their investments—even when prices drop—because they understand that history tells us the markets will eventually go back up.

We prefer to work with individuals and families who recognize they have cognitive and behavioral biases that can negatively impact their investment decisions. While they may naturally experience emotional reactions to market activity, our clients do not allow their financial decisions to be driven by alarming headlines. Instead, they reach out to us first.

The individuals and families we work with are willing to delay gratification because of the opportunity costs associated with not saving for retirement. Our clients understand that to retire well, they must live below their means today—and that their savings rate is more important than their rate of return.

Ultimately, our clients value holistic financial planning. They recognize that proper insurance protection, strategic tax planning, and detailed estate planning are just as important for a healthy financial life as investment management. And finally, our clients care about being good stewards of their wealth so they can leave a lasting legacy behind to their loved ones and charities of their choice.

How to Become a Five Pine Wealth Client

At Five Pine Wealth , we’re a little picky when it comes to choosing our clients. But that’s because we want to ensure that we’re the right fit—both for ourselves and for you! If the Five Pine Wealth difference resonates with you, we invite you to schedule a complimentary meeting with us today. Give us a call at 877.333.1015, email us at info@fivepinewealth.com , or visit our website to learn more about what it’s like to work with us.

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Couples Money Management: Why Both Spouses Need to Know Where the Money Is

September 19, 2025
Key Takeaways Both spouses should understand the family’s finances, even if only one manages them, to prevent confusion or stress during life’s unexpected events. Regular money check-ins, shared account access, and attending financial planning meetings together help couples build confidence and clarity. Partnering with a fiduciary advisor ensures both spouses have support, education, and guidance for comprehensive wealth management and long-term peace of mind. Money is one of the most common sources of stress in relationships. Some couples argue about spending habits, while others quietly hand off all financial responsibilities to one spouse and never revisit the arrangement. At first glance, this setup can feel efficient: one partner pays the bills, manages investments, and handles taxes while the other takes care of different responsibilities. However, there is a risk to this method. If something unexpected happens, the spouse who hasn’t been involved in financial decisions can feel completely lost. Even highly capable, intelligent people often tell us they don’t know where accounts are located, how much income is coming in, or what investments they own. When life throws a curveball, like illness, death, or divorce, that lack of knowledge creates unnecessary anxiety during an already difficult time. The solution is not to necessarily make both partners money managers, but to ensure both understand the big picture. Let’s walk through why this matters, what it looks like in practice, and how you can start today. Financial Planning for Couples Effective financial planning for couples goes beyond having the right investment mix or adequate insurance coverage. It requires both spouses to understand the big picture of their financial life, even if only one manages the day-to-day details. This doesn't mean both partners need to become financial experts. Instead, it means creating transparency and basic literacy that protects your family's financial security regardless of what life throws at you. Here are a few essentials: Regular check-ins : Schedule monthly or quarterly “money talks” where you review accounts, upcoming expenses, and investment performance. This keeps both partners informed. Shared access : Make sure both spouses have login information for bank, investment, and retirement accounts. A secure password manager can help keep things organized. Big-picture clarity : Even if one spouse handles the details, both should know where you stand with assets, liabilities, income, and goals. Think of it as insurance against uncertainty. If one spouse suddenly has to take the reins, they aren’t starting from zero. Couples Money Management Couples' money management doesn’t have to mean “50/50 responsibility for every financial task.” Instead, think about it as defining roles while keeping communication open. Many households operate on a “primary manager” system. One person writes the checks, monitors the accounts, and interacts with financial advisors. That’s perfectly fine, as long as the other spouse has visibility. Problems arise when the "non-manager" is completely shut out. Some practical ways to stay connected: Attend meetings together : Whether it’s with your accountant, attorney, or financial planner, both spouses should be present. Hearing the same information firsthand helps prevent misunderstandings. Document everything : Create a simple household financial binder (digital or physical) that includes account numbers, insurance policies, estate documents, and contact info for professionals you work with. Ask questions : No question is too small. If you don’t understand how an investment works or why you own it, speak up.  Practice decision-making together: Involve both partners in financial decisions, even small ones. This builds confidence and familiarity with your financial priorities and decision-making process. Fiduciary Financial Planning: The Professional Partnership Advantage Working with a fiduciary financial advisor creates an additional layer of protection for couples navigating financial planning together. Fiduciary advisors are legally required to act in your best interest, providing objective guidance that supports both partners' financial security. A good fiduciary advisor will insist on meeting with both spouses regularly, ensuring that financial strategies are understood and agreed upon by both partners. They can also provide education and support to help less financially-inclined spouses build confidence and understanding over time. This professional relationship becomes especially valuable during transitions. When one spouse dies or becomes incapacitated, having an advisor who knows both partners and understands the family's complete financial picture provides stability during chaos. Comprehensive Wealth Management Comprehensive wealth management goes beyond investments. It covers cash flow, taxes, estate planning, insurance, and long-term care strategies. For couples, it also means creating contingency plans. What happens if one spouse passes away? Will the survivor know how to access accounts? What if the “financial spouse” faces cognitive decline later in life? Will the other partner have the confidence to step in? These are not fun scenarios to imagine, but planning for them is an act of love. Comprehensive wealth management ensures: Estate documents are in place and up to date (wills, powers of attorney, trusts). Beneficiaries are correct on retirement accounts, insurance, and other assets. Tax planning strategies are understood by both spouses, so surprises don’t derail long-term goals. Cash flow is sustainable even if income sources shift (such as after retirement or the loss of a business owner’s salary). When couples approach wealth management together, they reduce the risk of financial upheaval during life’s transitions. When Life Changes Everything: Rebuilding Financial Confidence After Loss Despite the best preparation, losing a spouse creates emotional and financial challenges that feel overwhelming. If you find yourself suddenly managing finances alone, remember that feeling lost is normal and temporary. Start by taking inventory of your immediate needs. Focus on essential expenses and cash flow first. Most other financial decisions can wait while you process your grief and adjust to your new reality. Don't make significant financial changes immediately. Grief affects judgment, and rushed decisions often create problems later. Give yourself time to understand your new situation before making significant moves. Lean on your professional team. This is exactly when having existing relationships with financial advisors, attorneys, and accountants becomes invaluable. They can provide stability and guidance during an unstable time. Consider working with a counselor who specializes in financial therapy or grief counseling. Processing the emotional aspects of sudden financial responsibility is just as important as understanding the technical details. Taking the Next Step Together If you and your spouse have fallen into the habit of letting one person manage all the finances, it’s not too late to shift. Schedule a money talk this week. Write down your accounts. Ask questions. Set a reminder to attend your next financial planning meeting together. At Five Pine Wealth Management , we can guide couples through these conversations. Whether you’re in the wealth accumulation phase, approaching retirement, or already enjoying it, we help both partners feel equally confident in their financial picture. Don't wait until a crisis forces financial literacy upon you. Call (877.333.1015) or send us an email today at info@fivepinewealth.com to schedule a consultation and start building the financial transparency and security your family deserves. Frequently Asked Questions (FAQs) Q: What if one spouse has no interest in learning about finances? A: Start small and focus on the essentials. Your spouse doesn't need to become a financial expert, but they should know where important documents are located, understand your basic monthly expenses, and know how to contact your financial advisor. Q: How often should we review our finances together if only one person manages them day-to-day? A: Quarterly check-ins work well for most couples. Schedule a regular 30-minute conversation to review your progress toward goals, discuss any major upcoming expenses, and ensure both partners stay informed about your overall financial picture. Q: What's the most important thing for the non-financial spouse to understand first? A: Cash flow and immediate needs. Know where your checking accounts are, how much you typically spend each month, what bills are on autopay, and how to access emergency funds. This knowledge provides immediate stability if they suddenly need to take over financial management.

How to Build a Retirement Plan That Works No Matter What the Economy Does

August 14, 2025
We’re all feeling it these days: the underlying feeling of uncertainty about what lies ahead. Each day, we see headlines about inflation, Social Security’s future, or market swings. Unsurprisingly, Gallup tells us that the top three American fears have to do with money: the economy, availability/affordability of healthcare, and inflation. If you’re in your 50s and 60s, these concerns probably hit even closer to home. You’re not just thinking about the economy in general terms. You’re wondering how it will affect your specific retirement plans. Your mind likely turns to: Increasing healthcare costs – can you absorb unexpected costs on a fixed income? Inflation and market volatility – will the value of the dollar diminish your retirement savings? Social Security uncertainty – will it exist when you retire? Having enough saved – will your retirement budget hold up when the time comes? About 1 in 4 Americans over 50 are delaying retirement , and it’s not hard to understand why. With thoughtful planning and the right strategies, you can build confidence in your ability to maintain your lifestyle on a fixed income, regardless of what economic curveballs come your way. 5 Key Strategies to Prepare for Living on a Fixed Income Uncertainty doesn’t have to derail your retirement plans. By addressing these five critical areas, you can build a foundation that allows you to enjoy the retirement you’ve worked toward. 1. Review (And Potentially Adjust) Your Retirement Timeline One of the most powerful tools you have is flexibility with your retirement timeline. While certain ages qualify you for benefits or withdrawals from certain accounts, there’s no concrete age you have to retire at. Traditional retirement at 62 or 65 might not make sense for your unique situation; you should feel free to alter your timeline to make sense for you and your family. Consider Your Social Security Strategy Your Social Security benefits increase each year you delay claiming them beyond your full retirement age, up until age 70. For many people, this creates a meaningful boost to their guaranteed monthly income. If you can afford to wait, this strategy alone can significantly strengthen your fixed-income foundation. Explore Phased Retirement Options Rather than going from full-time work to complete retirement overnight, consider a gradual or phased transition. Many of our clients find success with: Part-time consulting in their field of expertise Freelance work that leverages their skills Small business ventures they've always wanted to try Investment properties that generate passive income This approach not only eases the financial transition but often provides a sense of purpose and engagement during early retirement. 2. Fine-Tune Your Investment Mix and Retirement Income Strategy Adjusting your portfolio is an ongoing responsibility, not a one-time task before retirement. Continue to revisit and rebalance as a proactive part of your retirement plan. Equally important is creating multiple income streams to reduce your reliance on any single source. Diversify Your Retirement Income Sources Think of building several income bridges instead of relying on one massive one. Your retirement income might come from Social Security, traditional retirement accounts (401(k), IRA), Roth accounts for tax-free withdrawals, and taxable investment accounts for flexibility. Each serves a different purpose in your overall strategy. Is Your Portfolio Inflation-Resistant? Cash can feel safe, but inflation quietly erodes its purchasing power over time. If you want an honest look at the hard numbers of inflation, see the Bureau of Labor Statistics CPI Inflation Calculator . For example, we see that $1,000,000 in 2015 has the buying power of $1,380,194 in 2025. You would need an extra (almost) $380,000 to make up for inflation. Inflation is a reality of the economy that everyone deals with, but your investment strategies can mitigate its impact on your net worth. Consider allocating a portion of your portfolio to assets that historically perform well during inflationary periods. Don’t Abandon Growth Too Soon If you're retiring in your early 60s, you could have 20-30 years ahead of you. Being overly conservative with your investments might feel safer in the short term, but it could leave you struggling to maintain your lifestyle later. A balanced approach that includes growth-oriented investments can help ensure your money lasts as long as you do. 3. Reduce Outstanding Debts The Federal Reserve’s most recent Survey of Consumer Finances reports that the average older adult (ages 65 and up) carries between $95,000 and $172,000 in debt. The bulk of those debts is from outstanding mortgage balances, but credit card and medical debts contribute significantly. Prioritize Your Debt Payoff Strategy High-interest debts from credit cards and personal loans can take up a lot of room on a fixed income. Consider whether it makes sense to use some of your current higher income to aggressively pay down these balances before you retire. There are two primary ways of tackling multiple debts: Avalanche: Pay off your balances starting with the highest interest rates. Snowball: Pay off your balances from smallest to largest. Entering retirement debt-free can be a very freeing experience. Consider Your Mortgage Your mortgage situation is more nuanced. Some retirees find comfort in owning their home outright, while others benefit from maintaining their mortgage if it's at a low interest rate, and money can be invested for higher returns. The right choice depends on your specific situation and comfort level. 4. Plan for Healthcare Costs and Insurance Transitions Healthcare expenses are frequently retirees' most underestimated cost. Add in Medicare's maze of coverage options, and it's no wonder many retirees feel unprepared. Planning for these expenses and understanding your options before you need them can prevent costly surprises that strain your fixed income. Understand Your Medicare Options If you're 65 or older: Enroll in Medicare during your Initial Enrollment Period (IEP), which begins 3 months before your 65th birthday and extends 3 months after Consider supplemental coverage options: Medigap (if you choose Original Medicare Parts A and B) Medicare Advantage (Part C) as an alternative to Original Medicare Prescription Drug Coverage (Part D), if not included in your plan If you’re under 65 and retiring, consider: COBRA coverage from your employer allows you to keep your current plan for up to 18 months, but you'll pay the full premium plus administrative fees (typically $400-$700 per person monthly) Your spouse's employer plan (if available and you're eligible) An Affordable Care Act (ACA) marketplace plan Prepare for the end of employer-sponsored insurance coverage about a year in advance to avoid lapses in coverage. Build a Healthcare Reserve According to the 2025 Fidelity Retiree Health Care Cost Estimate , a 65-year-old individual may require approximately $172,500 in after-tax savings to cover health care expenses in retirement. Consider establishing a separate savings account specifically for medical expenses. Health Savings Accounts (HSAs), if you're eligible, offer triple tax advantages and can be particularly valuable for retirement healthcare planning. 5. Create a Flexible Retirement Budget It’s wise to reevaluate where your money is going every month so you can enjoy once-in-a-lifetime retirement opportunities fully. This, combined with an emergency fund, helps avoid lifestyle creep and the stress of unexpected expenses. Plan for the “Retirement Smile” Retirement spending tends to move in a “U” shape: higher spending in early retirement, less in the middle, and back up again towards the end. While your bucket list trips and experiences are significant expenses, they’re often one-and-done. Most people do these things early on in retirement and slow down into a more predictable financial rhythm. Towards the end of retirement, costs often increase again to cover long-term care needs. Organize Your Budget Into Categories Consider dividing your retirement expenses into essential costs (housing, utilities, healthcare), lifestyle expenses (travel, dining, hobbies), and discretionary spending (gifts, major purchases). Cover your essentials with your most reliable income sources like Social Security, while funding lifestyle expenses through portfolio withdrawals that can adjust during market downturns. How Can You Reduce Your Future Cost-of-Living? Consider ways you can capitalize on your existing assets to better position yourself for the future. If you’ve built significant home equity, downsizing or moving to a more affordable city may be a great option, as you’ll benefit from liquidity and reduced costs. Rely on A Trusted Fiduciary Financial Planner If you’re feeling anxious about the future, know this: you’re not stuck doing it on your own. With the help of a fiduciary financial planner, you can not only see if your plan holds up against inflation and economic uncertainties, but they will:  Prioritize tax-efficient retirement withdrawal strategies Strategize Required Minimum Distributions (RMDs) Create a sustainable withdrawal strategy The best thing you can do for a healthy retirement is to leverage the experts. At Five Pine Wealth Management , we create comprehensive financial plans that align with your financial goals and personal values. If you'd like to discuss how these strategies might apply to your specific situation, we're here to help. Email us at info@fivepinewealth.com or call 877.333.1015 to schedule a conversation about your retirement planning needs.