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PODCAST

FPO&G: Financial Planning for Oil & Gas Professionals

Brownlee Wealth Management

Providing financial planning strategies for oil and gas professionals. Justin and Jared talk through ideas to optimize investments, lower future taxes, and grow your wealth. If you work at or recently retired from a large Oil & Gas company, this podcast is for you. Justin Brownlee and Jared Machen are CERTIFIED FINANCIAL PLANNER™ professionals with Brownlee Wealth Management, a fee-only firm dedicated to those in the Oil & Gas profession. Learn more and subscribe today at

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All Episodes

31:51

Financing vs. Cash: When to Borrow for Your Next...

FPO&G: Financial Planning for Oil & Gas Professionals ·

2025/02/21

For more information and show notes visit: https://bwmplanning.com/post/97For years, low interest rates made it easy to dismiss debt, but now, the math behind financing decisions is a little more complex. With interest rates on the rise, the conversation around financing has shifted significantly.In this episode, we explore:When financing might make senseThe costs associated with borrowing, including variable interest rates & potential tax implicationsHow to weigh the benefits of financing

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30:14

Retirement Readiness: Do You Have Enough Assets to...

FPO&G: Financial Planning for Oil & Gas Professionals ·

2025/02/07

For more information and show notes visit: https://bwmplanning.com/post/96In the previous episode, we discussed the accelerating trend of retirement in the oil and gas sector and what it means for professionals at various stages of their careers. Now, we’re taking it a step further by helping you assess your own retirement readiness.Are you wondering if you have enough assets to make work optional? Should you consider taking that severance package? We unpack these questions and more, providing you

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32:14

Retirement in Oil & Gas is About to Pick Up (Our...

FPO&G: Financial Planning for Oil & Gas Professionals ·

2025/01/24

For more information and show notes visit: https://bwmplanning.com/post/95Over the past few years, we’ve seen significant volatility in the industry, including three major oil crashes and a historic rise in interest rates. These events have led to a unique situation where many professionals were forced into retirement earlier than planned, creating a lull in retirements. We think this is about to change.✅ The Impact of Volatility: How the recent market fluctuations and layoffs have affected

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38:46

Lightning Pod: Oil & Gas Markets, Waymo, Bench...

FPO&G: Financial Planning for Oil & Gas Professionals ·

2025/01/10

For more information and show notes visit: https://bwmplanning.com/post/94This week, Justin and Jared are back with another Lightning Pod - here’s what you can expect in this episode:Oil Super Majors Performance in 2024: We dive into the lagging share prices of major oil companies and discuss what this means for investors. With ExxonMobil being the only one in the green, we explore the implications of diversification in your investment strategy.The Fascinating World of Waymo: I share my recent

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56:57

Energy Strategy with Jeff Krimmel - Ep. 93

FPO&G: Financial Planning for Oil & Gas Professionals ·

2024/12/27

For more information and show notes visit: https://bwmplanning.com/post/93This week, we had the pleasure of welcoming Jeff Krimmel, a mechanical engineering PhD from Caltech and the founder of Krimmel Strategy Group. If you’re looking to deepen your understanding of energy strategy and market dynamics, this episode is a must-listen!In our conversation, Jeff shares his unique journey from a technical engineering background to becoming a key player in energy strategy consulting. He discusses how his

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39:55

The Grantor's Guide: Effectively Passing Down Wealth...

FPO&G: Financial Planning for Oil & Gas Professionals ·

2024/12/13

For more information and show notes visit: https://bwmplanning.com/post/92Last week, we explored the considerations for inheritors, but this time, we shift our focus to the responsibilities and planning topics that grantors need to keep in mind. Many of our clients find themselves in both roles, so understanding both sides of the equation is crucial for effective financial planning.In this episode, we discuss:The implications of disclaiming an inheritance and how it can affect your family

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33:49

The Inheritor's Guide: What to Consider Before...

FPO&G: Financial Planning for Oil & Gas Professionals ·

2024/11/29

For more information and show notes visit: https://bwmplanning.com/podcastThe first part of a two-part series where we explore the intricacies of inheritance from two perspectives: the inheritor and the gifter. This week, we focus on the inheritor's point of view, discussing why it’s essential for everyone—especially those in the oil & gas profession—to consider the implications of potential future assets.Here are some key takeaways from this episode:Why Everyone Should Care: Even if you think

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36:58

Inside Texas' $200 Billion Teacher's Pension: Lessons...

FPO&G: Financial Planning for Oil & Gas Professionals ·

2024/11/15

For more information and show notes visit: https://bwmplanning.com/post/90In latest episode of Financial Planning for Oil and Gas Professionals, Jared & Justin dive deep into the fascinating world of Texas's $200 billion Teacher's Pension Fund. Did you know that 1 in 20 Texans participates in this pension? That's millions of people relying on smart investment strategies. We break down the allocation and what you can learn from it:1) The Importance of Diversification: The Texas Teacher's Pension

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40:11

Lightning Pod: Europe, Tipping Culture, and Searching...

FPO&G: Financial Planning for Oil & Gas Professionals ·

2024/11/01

For more information and show notes visit: https://bwmplanning.com/post/89In this week's episode, we dive into a variety of topics, including:✅ Cultural Differences in Europe: Join us as we share personal experiences from a recent trip to Europe, exploring the unique cultural nuances we encountered in countries like Belgium, the Netherlands, England, and Germany.✅ The Tipping Debate: We discuss the evolving landscape of tipping in Europe versus the U.S., examining whether tipping has become out of

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30:31

The Case Against Private Equity: What Investors Need...

FPO&G: Financial Planning for Oil & Gas Professionals ·

2024/10/18

For more information and show notes visit: https://www.bwmplanning.com/post/88In this episode of Financial Planning for Oil and Gas Professionals, hosts Justin Brownlee and Jared Machen dive into the case against private equity. Private equity investments can be an enticing option for investors seeking higher returns, but they come with a distinct set of risks, fees, and liquidity challenges that warrant careful consideration. Here are some key points to keep in mind when evaluating private equity

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27:54

SECURE Act Updates: What Oil & Gas Professionals Need...

FPO&G: Financial Planning for Oil & Gas Professionals ·

2024/10/04

For more information and show notes visit: https://www.bwmplanning.com/post/87In this episode of Financial Planning for Oil & Gas Professionals, hosts Justin Brownlee and Jared Machen dive into the recent updates to the SECURE Act, focusing on changes affecting non-spouse beneficiaries and the implications for Required Minimum Distributions (RMDs) under the 10-year rule.The SECURE Act, passed in 2019, introduced significant changes to how non-spouse beneficiaries manage inherited IRAs. One of

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43:48

Investment or Enjoyment: The Real Cost of a Second...

FPO&G: Financial Planning for Oil & Gas Professionals ·

2024/09/20

For more information and show notes visit: https://www.bwmplanning.com/post/86In this episode of Financial Planning for Oil and Gas Professionals, we dive into the complex considerations involved in purchasing a second home. We explore the decision from both an investment and lifestyle perspective, providing insights to help you determine if a second home makes sense for you.Key TakeawaysThe Investment vs. Lifestyle Decision:We break down the decision to buy a second home into two primary

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34:06

Lightning Pod: Private vs. Public Schools, Resort...

FPO&G: Financial Planning for Oil & Gas Professionals ·

2024/08/30

For more information and show notes visit: https://bwmplanning.com/post/85In this episode of Financial Planning for Oil and Gas Professionals, hosts Justin Brownlee and Jared Machen discuss their theory on resort town hyperinflation, do a residential real estate heat check, and delve into back-to-school financial topics.Challenges Faced by Resort Towns and Luxury Vacation InflationResort towns and luxury vacation destinations are grappling with a unique challenge that could result in inflation

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41:49

Optimizing Your Financial Legacy: Lessons from "Die...

FPO&G: Financial Planning for Oil & Gas Professionals ·

2024/08/16

For more information and show notes visit: https://www.bwmplanning.com/post/84In this episode, we discuss some thought-provoking ideas and share our insights on optimizing investments, lowering future taxes, and growing wealth. Here are three key takeaways from this enlightening discussion:1. Intentional Spending and Memory DividendsOne of the main points we explored in the episode is the concept of intentional spending and the idea of "memory dividends." We discussed how being intentional with how

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01:07:09

From $2.15/Hour to a $7.1 Billion Sale: The Story of...

FPO&G: Financial Planning for Oil & Gas Professionals ·

2024/08/02

For more information and show notes visit: https://www.bwmplanning.com/post/83In this episode of Financial Planning for Oil & Gas Professionals, we had the pleasure of speaking with Bob Phillips, a seasoned veteran with a 47-year career in the oil and gas industry. Bob shared his incredible journey, from his early days in Tyler, Texas, to his recent sale of Crestwood Equity Partners to Energy Transfer for $7.1 billion.Key Highlights:Early Career and Background:Bob grew up in Tyler, Texas, and

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51:51

Building a Successful Career in Oil & Gas w/ Terry...

FPO&G: Financial Planning for Oil & Gas Professionals ·

2024/07/19

For more information and show notes visit: https://www.bwmplanning.com/post/82In this episode of Financial Planning for Oil & Gas Professionals, we had the pleasure of hosting Terry Nixon, a seasoned veteran in the oil and gas industry with a career spanning over four decades. Terry, who is also my neighbor in Fort Worth, shared his incredible journey and the pivotal moments that shaped the modern-day Texas oil and gas landscape.Key Highlights✅ Early Career: Terry started his career at Northern

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26:35

How to Break Up with Your Financial Advisor: A Guide...

FPO&G: Financial Planning for Oil & Gas Professionals ·

2024/07/05

For more information and show notes visit: https://bwmplanning.com/post/81In this episode, we discuss an interesting situation forming in the financial advisor industry: while client retention rates are high, trust and satisfaction levels are not as impressive. This discrepancy suggests that many clients stay with their advisors despite feeling underserved 📝We explore several reasons why clients might hesitate to switch advisors, including relational ties, pride, and the pure inconvenience of

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30:10

Retirement Planning with Executive Compensation - Ep. 80

FPO&G: Financial Planning for Oil & Gas Professionals ·

2024/06/21

In this episode of FPO&G, Justin and Jared dissect how retirement planning is impacted by executive compensation.Should my investment allocation be changed due to the nonqualified stock options, deferred comp, and restricted stock that vest after retirement?Do Roth conversions still make sense as a retiree in light of my post retirement income? How do I balance optimizing for taxes while managing the concentrated stock risk of this equity compensation on my balance sheet?For more information and

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42:06

Looking Under the Hood of Family Offices - Ep. 79

FPO&G: Financial Planning for Oil & Gas Professionals ·

2024/06/07

For more information and show notes visit: www.bwmplanning.com/post/79In this episode of FPOG, Justin and Jared dissect JP Morgan's 2024 Global Family Office Report. What can research from the biggest bank in America on some of its wealthiest clients teach us? We discuss our favorite parts of the report and takeaways for Oil & Gas professionals.Connect With Us:FacebookLinkedinDisclosure: This information is for informational purposes only. Nothing discussed during this video should be

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35:52

Why Your Investment Allocation Is Probably Wrong -...

FPO&G: Financial Planning for Oil & Gas Professionals ·

2024/05/24

In this episode of FPOG, Justin and Jared discuss the most common mistakes they see related to constructing an investment allocation. They also talk through best practices when it comes to thinking through how to construct your mix of investments.For more information and show notes visit: https://bwmplanning.com/post/78Connect With Us:FacebookLinkedinDisclosure: This information is for informational purposes only. Nothing discussed during this video should be interpreted as tax, legal, or investment

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117 results

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