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. 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 this episode, we’ll be pointing out the most common areas people overlook when planning and provide actionable tips to ensure that your plan is as comprehensive as possible.
On this episode, we’ll share:
- The danger of a downturn in the market in the early years of your retirement, which is much worse than a market downturn in the later years of retirement. [3:00]
- The effects of inflation over time. [6:27]
- The possibility of tax increases in the future. [10:59]
If you have any questions about how you can better prepare for your retirement future, don’t hesitate to reach out to Michael Schulte for help.
He’s a Financial Advisor and Certified Business Exit Planner at WestPac Wealth Partners. His daily mission is to help families and business owners make smart financial decisions so they can live on their own terms for the rest of their lives, regardless of what life events and opportunities come their way.
Call Michael at 702-767-4897 with any of your questions or email michael.schulte@westpacwealth.com.
