071: How Comprehensive Financial Planning Protects Your Lifestyle

The Retirement Trainer

On June 15th, the Federal Reserve decided to raise interest rates by 75 basis points.

Understandably, this leads to a lot of questions: how is this going to affect bonds and the stock markets? How will this impact the economy and employment? Will there be a recession?

No matter what happens, a comprehensive financial plan is your best defense in uncertain times.

In today’s episode, we discuss the impacts of the Fed’s decision, how to create a risk budget and reserves to prevent needing to sell at a loss, and how to create a plan that’ll ensure you have enough income, no matter what.

In this podcast interview, you’ll learn:

• Why our economy is in a perfect storm of fear, uncertainty, and doubt.
• Why there’s no way to time the market, especially right now.
• The importance of understanding your finances at every age.
• How to take advantage of charitable contributions in retirement planning.
• How to get a second look at your retirement plan or portfolio.

To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com/71

How Fit Is Your Retirement Plan?

We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com