The Green Zone Newsletter - January 2024

Lauren Smith |

As we stand at the threshold of a new year, it's an opportune moment to reflect on the past, draw wisdom from our experiences and chart a course for a brighter financial future.

Creating a financial legacy plan is a crucial aspect of overall financial planning, and considering it at the beginning of the year offers several benefits. Here are some reasons why we encourage you to be thinking about creating (or refining) your financial legacy plan early in the year:

  1. Clarity and Goal Setting: Starting the year with a financial legacy plan allows you to clarify your long-term financial goals. Knowing what you want to achieve this year (and in years to come) and being clear on the legacy you want to leave behind will help guide your financial decisions throughout the year.
  2. Risk Mitigation: Life is unpredictable. We all know unexpected events can (and will) happen. A financial legacy plan can include provisions for risk mitigation, such as life insurance, estate planning and setting up trusts. Addressing these things before they become real issues can help protect your family's financial well-being.
  3. Tax Planning: An integral part of financial legacy planning involves understanding the tax implications of your wealth and assets. Starting to plan now allows you to take advantage of tax-efficient strategies and make adjustments to your financial structure to potentially minimize tax liabilities.
  4. Wealth Preservation: A financial legacy plan can include strategies for preserving and growing your wealth over generations. Starting now can provide more time for investments to compound and strategies to take effect, increasing the potential for long-term financial success.
  5. Family Communication: Discussing and involving family members in the financial legacy planning process fosters open communication about financial matters. This can help prevent misunderstandings, disputes or confusion in the future, and ensure that your legacy intentions are clearly understood.
  6. Estate Planning: Estate planning is a crucial component of financial legacy planning. Addressing this at the beginning of the year allows you to update or create important documents, such as wills, trusts, and powers of attorney, ensuring that your wishes are documented and legally binding.
  7. Philanthropic Goals: If you have philanthropic goals, planning for charitable giving as part of your legacy plan can be a thoughtful and meaningful process. Getting clear on these goals early in the year will better position you to support the causes or organizations you want to help this year and beyond.
  8. Financial Education for Heirs: If passing on financial knowledge and values to future generations is important to you, start thinking about how you want to see that come to fruition in 2024. Perhaps it's enrolling family members in educational programs, setting up meetings between them and you financial advisor or other things that may help prepare heirs for managing inherited wealth responsibly.

Knowing that you have a well-thought-out financial legacy plan in place can provide you with the confidence you need to start your 2024 off on the right foot. It can alleviate stress and allow you to focus on other aspects of your life, knowing that your financial affairs are organized and aligned with your values.

If you would like support developing or refining a legacy plan or financial plan, please don't hesitate to reach out. To make things easier for you, you can click here to find a time that works for you.

Furthermore, if you happen to know someone who isn't a current client but could benefit from a second opinion or an experienced perspective on their financial matters, please feel free to share this email with them. I am more than happy to extend my assistance to those seeking informed guidance.

Until next month,
Jeff & the Green Financial Group Team

Upcoming Dates: Key Dates To Remember

  • Monday, January 15: GFG Office & Markets Closed in observance of Martin Luther King Day

Check It Out: Our Most Recent Resources

Explore our comprehensive roundup of resources, including insightful podcasts, informative videos, and thought-provoking blog articles, designed to empower you with valuable financial knowledge and help you make informed decisions for your financial journey.


What Does "Stay The Course" Actually Mean?

At the end of my video blogs, I always say, “Stay the course,” but what do I truly mean by that, and how does it translate into real-life scenarios? Recently, during a mundane drive down a congested highway, I had an enlightening experience that encapsulated the essence of this saying. In this video, I’ll share this moment and delve into the deeper meaning behind this commonly used yet profoundly impactful adage.




A 2023 Year in Review with Green Financial Group (Ep. 77)

In this episode of The Green Zone Podcast, hosts Jeff Green and Lauren Smith take a moment to reflect on Green Financial Group’s progress and key milestones achieved during 2023. Together they discuss:

  • Celebrating GFG’s 15th Anniversary and 1st year in our new office
  • How our team has grown and changed this year, including two great new additions with Dylan Daggett and Laura Garza
  • Our new GFG Blog, focused on providing more in-depth financial education and timely insights for our clients and beyond
  • How each feel they’ve learned and grown this year, particularly in respect to the various industry conferences they attended
  • Green Financial Group’s Core Values, and how clearly articulating those have shaped our culture for the better
  • The gratitude they feel for all of these big milestones and more – as well as what they’re looking forward to in 2024!



Oil & Gas Forecast: Positioning Your Finances for 2024 and Beyond

By Jeff Green

As we edge closer to 2024, those of us deeply ingrained in the oil and gas industry must look ahead and plan for the evolving financial landscape. As the founder of Green Financial Group, my career has been dedicated to aligning financial strategies with the pulse of industry trends. Here, I offer a glimpse into the future of the oil and gas sector and how you can adapt your financial strategies to navigate the waters ahead.



Year-End Finances for Women: Maximize Contributions & Optimize Tax Savings

By Lauren Smith, MBA, CFP®

The end of the year is a strategic time for fiscal planning, especially for women who are balancing family, career, and the ever-changing financial landscape. As a CERTIFIED FINANCIAL PLANNER™ professional with Green Financial Group, I'm here to guide you through this crucial period with strategies designed to maximize your contributions and optimize your tax savings.



Maximizing Year-End Financial Strategies for Oil & Gas Professionals

By Jeff Green

As we approach the year's end, it's imperative for professionals in the oil and gas industry to take a strategic look at their financial situation. This isn't just about reflection—it's about proactive steps to enhance your financial health and prepare for the year ahead. At Green Financial Group, we specialize in guiding clients through the complexities of financial planning, particularly in the sometimes volatile landscape of oil and gas.



Picking Up The Pieces: Navigating The Tax Bill Post-Divorce

By Lauren Smith, MBA, CFP®

As I sit down with clients in the wake of a divorce, one of the most daunting topics we encounter is the specter of shared tax liabilities. It's a common – but often unexpected – hurdle that many newly divorced women face, and navigating it requires a blend of emotional resilience and financial acuity.



Seek Balance: Quotes To Live By