Retirement Elevated Podcast with Sean Lee

Developing the Right Financial Plan Takes These Steps

Financial planning can take on many forms and your interests might not always be the sole priority. When you work with an advisor, there are steps that every plan needs to include and we’ll discuss those in this episode.

Check out the full show notes by clicking here. 

Today's rundown:

1:46 – What happened to financial planning?

3:05 – Are expectations being set for you?

4:09 – Why pure planning is a more comprehensive and personal plan.  

5:38 – Every financial plan should have five components.

6:05 – Too many advisors are skipping over the most important part of planning.

6:33 – We’re always trying to come up with the proper tax strategy.

7:26 – Healthcare as part of the plan.

8:25 – True planning is as simple as a one-page plan.

9:33 – What clients have been prioritizing in their financial plan.

Navigating To Safety: How Your Financial Plan Is Like A Lighthouse

Lighthouses are strong, beautiful, and protective towers, just like your financial plan should be. To weather the storms and avoid the potential financial obstacles, we’ll share how financial plans are similar to lighthouses, guiding you to safety.

Don't miss the show notes, which you can find here.

Today's rundown: 

1:55 - Is there a financial lesson to learn from lighthouses?

2:59 - Your financial plan provides safety from obstacles and risk. 

3:39 - Tax planning is one of your biggest obstacles to look out for.

6:05 - Envision a storm’s coming while on a boat and you can’t see where you’re going, but off in the distance you see a lighthouse, a beacon of safety.

8:11 - It’s not the ships (your tools) that get you to the right place, it’s the lighthouse (clearly defined financial plan).

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