44: Don't Try This at Home! Unique Situations Call for Unique Strategies

Take Back Retirement

How exactly do you measure the value of financial planning? It’s a tough concept to grasp for many, because it just seems so… intangible. Most people think that it’s all about investment management. That’s certainly a big slice out of financial planning, but it ain’t the whole pie!

As Kevin reminds us, great financial planners help their clients get crystal clear on their life path by helping them make wiser money-related decisions.

Listen in as our hosts describe not only the technical side of their role as advisers, but also the art of financial planning. Because every person’s situation is unique, there is no such thing as one-size-fits-all advice.

But there are common issues that men and women considering retirement have to deal with. Stephanie and Kevin do a deep dive into four unique planning situations to illustrate the value of real financial advice!

Key Topics:

• What “money stuff” will your financial planner help you with? (2:00)
• Example 1: A women entrepreneur in her 40s who is undercharging for her services (5:28)
• Example 2: A single man in his 50s who is feeling underappreciated at work (9:12)
• Example 3: A woman in her early 60s who’s job came to an end a little too early (15:57)
• Example 4: A woman in her 80s near the end of her life (Deathbed Roth Conversion) (20:31)
• The value of real financial planning (30:32)

Resources:

• Take Back Retirement Episode 20: Women + Roth IRA’s – What Should You Be Aware Of?
• Take Back Retirement 33: What Women Need to Know about the Estate and Gift Tax System
• Clip from Misery: I’m You Number One Fan
• Clip from Dukes of Hazzard: Johnny Paycheck at The Boar’s Nest
• Clip from Johnny Paycheck - Take This Job and Shove It
• Clip from Apollo 13: Fit This Into the Hole for This using Nothing but that…

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You can find the transcript and more information about this episode at www.takebackretirement.com.

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