Larry Frank

Personal Finance, Retirement, Investing
“As an MBA and CERTIFIED FINANCIAL PLANNER™ Practitioner, I help people make sensible plans for a successful retirement. My objective with people is to get them first to, and then through, retirement.”

Better Financial Education

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Larry was born in Duluth MN, and grew up in Cloquet MN. He has a B.S. cum laude in Physics from the University of Minnesota and a Master's Degree in Business Administration (MBA) from the University of South Dakota with a concentration in corporate finance and investments. 

Larry retired in 1994 from the United States Air Force as a commissioned officer after a career as a Command Pilot where he flew helicopters, high performance acrobatic jets, and internationally to 47 countries on five continents with large multiengine aircraft. He was also a contingency and war planner during his career as a field grade officer. In addition to flying, Larry served on the Joint Staff at US Southern Command in Panama forming contingency plans for ousting Noriega, is a veteran of the First Gulf War 1991, and served as a Contingency Mobility planner at Scott AFB IL during Haiti, relief operations in Somalia, and Bosnia-Herzegovina.

Larry has years of financial planning research and real-life experiences showing people personal finance choices that are focused on how to make smart decisions to work towards growing and protecting their wealth, not income. Rather than make things complicated, his work has been focused around simplifying the complexities of prioritizing simultaneous financial planning issues, and their related calculations, so the person's living is sustainable.

A Registered Investment Advisor and a Certified Financial Planner™ practitioner, Larry is also the author of Wealth Odyssey, a book designed to help people make sensible plans for a successful retirement and pursuing their other goals by understanding how financial planning issues are related to each other through wealth. He has research published in the Journal of Financial Planning related to retirement planning. 

Larry has served on the Board of Directors for the Financial Planning Association of Northern California, and has appeared in nationally syndicated articles and on nationally syndicated radio. He currently has syndicated columns that appear online at Forbes, Morningstar, The Motley Fool, Business Insider, the Online Investor, and many more.

Larry is a member of the Academy of Financial Services. Larry is also a member of National Association of Personal Financial Advisors (NAPFA), a national association of Fee-only advisors.

His hobbies include reading and travel, especially to El Salvador where he met his wife, Rosa Maria Cáceres. They live in Rocklin, CA and have four children and seven grandchildren.

They speak spanish in their home. Ellos hablan español en su hogar. Larry's blog can be found here.


BS, Physics, University of Minnesota
MBA, Corporate Finance and Investments, University of South Dakota

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June 2017
    Personal Finance

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    Marriage / Divorce, Retirement, Social Security
Can I collect on my husband's social security as he has made much more money than me?
100% of people found this answer helpful

You will be able to collect a spousal benefit ( . Quoting the SSA website “Even if you have never worked under Social Security, you may be able to get spouse’s retirement benefits if you are at least 62 years of age and your spouse is receiving retirement or disability benefits. You can also qualify for Medicare at age 65.” The caveat is “… and your spouse is receiving retirement …” benefits. This means that the earliest you can receive your spousal benefit is when he turns 62.

Further complexity comes in when you consider what happens with Social Security during what I call Phase 2 of retirement when one of you is alive (Phase 1 is when both of you are alive). When either of you go first, the lower benefit goes away, which is your spousal benefit. The higher benefit remains for the survivor, regardless of which of you that is. This will mean a pay cut for the survivor. So this means that the later he waits to claim his benefit, the higher his benefit will be for both Phases of retirement, 1 and 2; and the smaller the pay cut may be to the survivor.

I mention this because most people error by focusing only on the money today without considering the future impact today’s choice may have when it comes to the decision as to when to start receiving benefits.

The last point that comes to mind is that Social Security is just one element of retirement planning. Will there be other sources of income in retirement? How those other sources are structured also affect timing of retirement and when to begin Social Security since the two, retirement and Social Security, events don’t necessarily have to be started at the same time anymore.

If you desire help with refining the specifics of your situation and developing a plan, you may find a fee-only planner at the National Association of Personal Financial Planners Be sure to ask them if they do detailed Social Security planning during your initial discussion when selecting them since not all planners have the same specialties.

February 2016
    Social Security, End of Life
How is the amount of the Social Security survivor benefits determined?
100% of people found this answer helpful
March 2016
    Financial Planning, Retirement, Retirement Plans
Should I keep paying into STRS or add something more to it?
100% of people found this answer helpful
March 2016
    Military / Veterans, Retirement, Social Security
Will my 100% Military Service Connected Disability Pay have any effect on the dollar amount of my SS retirement benefits that I receive at age 67, or vice versa?
100% of people found this answer helpful
March 2016
    Annuities, Insurance
How can I take the distributions from an inherited annuity from my mother?
100% of people found this answer helpful
March 2016