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  • Writer's picture Treavor Dodsworth CFP®, CPA, CKA®

#174 - What Are You Measuring?

What Are You Measuring

Many have heard the old adage- what gets measured gets improved. In my opinion, it describes one of the main benefits of financial planning - regularly reviewing and measuring financial progress results in changed behavior.

Occasionally though, we start measuring something that maybe isn’t worth measuring.

From a practical standpoint, think of a business owner that is measuring cash but paying less attention to net income. While cash definitely matters as you need to meet short-term obligations, net income is usually a better predictor of how the business is actually performing.

For as many specific practical examples, there are bigger picture examples. While I subconsciously measure completing a checklist, I may miss opportunities to make a larger impact.

Pause and evaluate what you are measuring. Is that what you want to be improved?

  • Through the end of the year, there will be quite a bit of activity with student loans - payments resume, new (or updated) IDR plan, IDR waiver, etc. I recommend subscribing to the Student Loan Planner weekly Thursday email if you have not already.

  • I don’t necessarily agree with all of the analysis but I know this is a pertinent question to many. Whether you should sell your home or rent it out when you move, comes down to many different factors. It is one of my favorite questions to review with a client or prospect. Feel free to let me know if you or someone you know is considering it!

IRA Help - Roth Conversion Confusion - Taxes Withheld When Under 59.5

  • Something to consider if you are under 59.5 and doing a Roth conversion.


Thank you for reading!

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