Straight To The Point:

Building a financial plan is overwhelming. However, it’s less daunting to focus on taking your first financial steps. Learn where to begin.

First Things First:

  • 5:56 – Mailbag: Brent asks whether the market is overvalued.

The Real Deal:

First Financial Steps: What Will Retirement Look Like? 

  • 13:07 –  This isn’t a money question. It’s really more about your lifestyle. Before you can determine what you’ll need to do in order to retire, you need to think about what you want your life to look like in retirement. The amount you save and how you allocate your finances really depends on whether you’ll be traveling, working a second job, volunteering, etc…

First Financial Steps: Take Financial Inventory.

  • 15:33 – In order to get where you want to go, determine your starting point. It’s critical you know how much money you have, and where it’s located. You also need to know how much income your current financial situation will net you in retirement. To get started, take inventory of your finances.  Work with an advisor to put all of your statements in one easily accessible place. Perhaps you’ll create a spreadsheet with all of your numbers. Regardless, get financially organized.

First Financial Steps: Develop An Income Plan.

  • 17:53 – Income is crucial in retirement. We spend all sorts of time accumulating assets, but we often fail to determine what we’ll do with them once we retire. Your income plan will illustrate how your portfolio is structured and how you’ll pay for day-to-day expenses once you’re what we call “permanently unemployed.”

First Financial Steps: Determine How Much Help You Need.

  • 19:37 – Once you pinpoint how many assets you have and how much income you will need, you can begin to build a plan for making up the deficit. Determine the appropriate team of professionals to help you reach your goals.

Beyond The Zone:

The host: Chris Patterson – EmailWebsite – Tax Free Retirement Toolkit – Call: 904-285-4489

The Toolkit:

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