Apr 20, 2023
Are you confident that your financial plan is complete? Many people believe they have a solid plan in place, only to realize later that they've missed important areas. In this episode, we'll point out the most common areas people overlook when planning and provide actionable tips to ensure that your plan is as comprehensive as possible.
From not accounting for long-term care expenses to overlooking the impact of taxes on retirement income, there are many ways a financial plan can be incomplete. In retirement planning, it is important to leave no stone unturned and to consider all the potential scenarios that could impact your financial future. So whether you’re just starting out or have an existing plan in place, you won’t want to miss this episode!
Here’s some of what you’ll learn in this episode:
- The danger of a downturn in the market in the early years of your retirement. (1:10)
- The effects of inflation over time. (3:25)
- Tax rates will most likely go up, and it is important to plan for that. (5:49)
- The importance of preparing for a long-term care event. (9:30)
- Passing assets to your beneficiaries in the smoothest and most tax-efficient way. (11:15)
Contact:
Website: http://bradshawfp.com
Email: office@bradshawfp.com
Call: 704-216-2260