Ean & Lacra Brandon 2023

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Personal Profile Assignment

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Ean & Lacra Brandon 2023

Assets

Investments

Private Deal through Hartwood Investments: $250k invested in 2022. Projected to grow to $2MM within 5-7 years.

Retirement Accounts: $241k in Ean's IRA, Roth IRA, and 401(k). Goal of establishing retirement accounts for Lacra.

Property

Current income from rental property in Utah: $2k/month. Valued at $388k, owe $191k at ~4%

Jaybird Hollow. Future income from wedding venue ($10k/wedding with 26-36 weddings a year). Home & cabin valued at > $2.1MM after renovations, owe $387k at 2.8%.

Cash: $987k. Includes $400k in savings for the business.

Advisors

Past experience with financial advisor: difficult to get in touch with

Estate Planner: Martin Cash (basic estate planning complete but need updated will and health care directives for Lacra). Also Sharon Reynolds Clark for Jaybird Hollow.

Insurance: Josh

CPA: Joseph Pierce

Process

How we can help: "things being different". Structure around retirement goal. Advice around tax benefits, rental proprieties, and hedge fund opportunities that we are presented. Stock portfolio tracking or beating the market. Yearly updates on the market and personal portfolio.

Client confidentiality disclosure: CPA Joseph Pierce

Meeting preference: quarterly. In person preferred. With Ean's travel some virtual meetings or meetings without Ean are to be expected.

Interests

Hobbies: puzzles and traveling. Food - "the one thing we don't budget for; it's an experience". Organizing for Lacra. Hiking, reading, cooking, and shooting for Ean.

Ideal vacation: honeymoon in February 2024 (Fiji, Bora Bora, Australia, Bali, Seychelles, Dubai)

Ideal weekend

Lacra: Something fun on Saturday - festivals, mini golf, top golf. Church and relaxing at home with puzzles and movies on Sunday.

Ean: No cell reception, sitting by the water, fishing, and hiking. A nice dinner with a non-alcoholic cocktail, and a relaxing evening. Church on Sunday.

Relationships

Both extroverts

Charitable giving is important. 10% to church and other gifting as needed - pray-fully consider requests. Have gifted to an Orangutan sanctuary in Borneo, Feed orphans in Ghana, a sloth sanctuary, and family and friends.

Harold the pug

Each other. Ean's parents and siblings. Lacra's parents in Romania.

Goals

Concerns

Lacra: Inflation. Banks collapsing and needing cash on hand. Volatility and not yet understanding how it works.

Ean: Narrative of punish the rich

Observations watching others handle finances

Lacra: Family members in Romania working their whole lives and then money going to the state rather than being there for them in their retirement

Ean: no trust in the government to take care of you in old age. The lesson of the sports car (crushing payment and diminishing returns)

Top accomplishments: meeting and marrying each other. Also Bachelor's degree for Lacra

Retirement spending goals: $10k net/month for fixed and discretionary living expenses and an additional $6k/year for travel

Ean would like to be remembered as a good husband, a good father, and a generous faithful Christian. Lacra would like to be remembered as a kind human.

Values

Describing a rich life

Lacra: I would build a big modern barn for private events on our property, build a dream house, and get a housekeeper for house maintenance. I would travel the world with my family and Harold.

Ean: Travel with my wife and kids and create a place for those around me to make memories.

What's important about money

Lacra: "To feel secure, to cover the needs/necessities plus personal pleasure of life, as well as being able to help people I care for around me"

Ean: "Money is important as it provides a lifestyle and necessities for myself and those I love"