ORLANDO, Fla. – This week on “Black Men Sundays,” host Corie Murray interviews Jude Wilson, the Chief Wealth Strategist at Centrus Financial Strategies.

Wilson has an impressive educational background with two bachelor’s degrees — one in marketing, and one in finance from Florida State University — as well as a master’s degree in business administration from Rollins College.

Wilson spoke with Murray about the steps one should take when selecting a financial advisor.

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“You want to look for someone who is actually providing comprehensive financial advice, looking at all aspects of your life,” Wilson said. “If the first thing someone says to you is ‘You would be a good candidate for a life insurance policy. We want to make you rich through growing your assets safely and getting a tax-free income from it.’ Oftentimes, people hear that and they get interested, but they don’t understand that that’s one strategy, and you have to be ready for that strategy for it to work.”

Wilson says it’s important for a financial advisor to ask about your future goals and putting together a step-by-step process to achieve them. He introduces his clients to a bucket plan.

“My strategy that we’ve been using to help hundreds of clients get from accumulation, where they’re working to build their net worth to distribution is called the bucket plan. Each dollar should have a purpose, a timeframe, and a goal for dollars that you’re setting aside. So those three buckets all are coordinated with a time and a purpose and what they’re to do for the client.”

When it comes to retirement, most of Wilson’s clients tell him they don’t want to retire at 65 or 70. They want to retire as early as feasible.

“We are challenged to help them figure out a way to get there but to be realistic about it. Some people say, ‘I want to retire in five years’, well, if you’ve got $100 in your 401(k), and you don’t have the ability to put significant money away, you’re not going to retire in five years. We need something that we can document that we can follow, and we can be strategic to help you get from point A to point B.”

Centrus Financial Strategies is located in downtown Orlando. For more information on services, click here.

Hear the full interview in Season 4, Episode 20 of “Black Men Sundays.”

Black Men Sundays talks about building generational wealth. Check out every episode in the media player below.

Bank of Japan Governor Ueda and Japan finance minister Suzuki spoke over the weekend, at the conclusion of the G7 meeting in Italy.

Suzuki said he hadn’t had a one-on-one meeting with US Treasury Secretary Yellen. Which seems to indicate no discussion on co-ordinated yen intervention took place. Prior to the weekend Suzuki’s offsider, Vice MInister for International Affairs Masato Kanda (the official who will instruct the BOJ to intervene, when he judges it necessary) had basically said there was no need for a meeting.

Earlier this month Yellen was not encouraging of the idea:

A few days later there was more cold shoulder from Yellen:

Not to hammer this point too much but Yellen repeated the same just last week, that intervention should be rare and well-telegraphed in advance.

So, it was only a Suzuki and Ueda tag team show after the G7.

Suzuki:

• Reaffirmed the G-7 commitments on foreign exchange
• Said that many factors are making contributions to increase in yields
• Warned against maintaining rates above zero

And with rising rates in Japan he also

• called against maintaining rates above zero… “We must be acutely aware that the world of positive interest rates has come … we will make progress in restoring fiscal health with more sense of urgency than ever.”

Bank of Japan Governor Ueda seemed happy to let Suzuki handle the gnarly issues, shrugging it all off with:

• Long-term bond yields are determined by financial markets in principle
• Will monitor fixed interest markets

Ueda didn’t talk about the rate path ahead, nor did he specify much on the chances of trimming back on Japanese Government Bond bond purchases at the next policy meeting (this is in June).