TO YOUR FINANCES FEEL
BLURRY?
MAYBE IT'S TIME TO GET
FINANCIAL VISION.
LOCAL PROFESSIONAL IS BACK WITH
FOUR WAYS TO BRING OUR FUTURE
INTO FOCUS AND REFRAME OUR
MONEY.
THANK YOU FOR COMING.
THANK YOU FOR HAVING ME.
WHAT IS A FINANCIAL VISION?
YOU CAN SEE YOUR FINANCIAL
FUTURE WITH CLARITY AND
UNDERSTANDING.
WE AREN'T BORN WITH 2020 VISION
AND IT'S MY JOB TO TEACH AND
COACH PEOPLE TO HELP THEM
UNDERSTAND THEIR FINANCIAL
FUTURE.
IT'S FROM A DIFFERENT
PERSPECTIVE SO THEY GET MORE
UNDERSTANDING.
WHAT OTHER STEPS WE NEED TO
DO TO CREATE THAT 2020 AND IT'S
A NICE PLAY ON WORDS FOR THE
YEAR.
THE FIRST THING IS PROBABLY
FIND THE RIGHT PRESCRIPTION
JUST AS I NEED LENSES TO SEE
MORE CLEARLY BUT WE NEED THAT
FINANCIAL PLAN IN PLACE.
THERE ARE MANY PARTS TO THE
PLAN.
IT'S INCOME PLANNING AND
DISTRIBUTION PLANNING, HOW YOU
TAKE YOUR MONEY OUT, TAX
PLANNING, ESTATE PLANNING AND
LONG-TERM PLANNING.
SO MUCH PLANNING NEEDS TO BE
DONE. YOU'VE GOT TO WORK WITH A
PROFESSIONAL WHO CAN NAVIGATE
THAT FOR YOU.
AS WE GET OLDER THE
PRESCRIPTION CHANGES.
JUST BECAUSE YOU HAVE SOMETHING
IN PLACE DOES NOT MEAN THAT IS
WHAT IT WILL BE YOUR FIRST 20
TO 30 YEARS WITH A PLAN WILL
CHANGE.
IT WILL BE DIFFERENT THE LAST
20 YEARS IN RETIREMENT.
IN ADDITION TO WORKING ON
THE PRESCRIPTION WE WANT TO
KNOW THE HEALTH OF OUR EYES AT
THE OPTOMETRIST.
WHAT DO WE WANT TO KNOW ABOUT
OUR PLAN SOUTH.
IF YOU HAVE A PLAN IN PLACE
GET ANALYSIS TO SEE HOW IT WILL
HANDLE YOUR PLAN IN THE FUTURE.
IS A KEEPING UP WITH INFLATION?
WHAT ABOUT THE VOLATILITY OF
YOUR PLAN?
WHEN WILL YOU RUN OUT OF MONEY.
A LOT OF PEOPLE FORGET ABOUT
KEEPING UP WITH INFLATION.
YOU DON'T WANT TO RUN OUT OF
MONEY BEFORE YOU RUN OUT OF
LIFE.
MONEY RUNS OUT AT 82 OR 85 AND
YOU LIVE IN JAIL 90.
AS YOU GET OLDER IT'S THE LESS
RISK WE SHOULD TAKE ON.
IF YOU ARE 60 YEARS OLD, 12
YEARS AGO YOU WERE 48 YEARS
OLD.
YOU HAD TIME FOR THE MARKET TO
GO THROUGH RECOVERY AND COME
BACK.
BUT NOW YOUR 60 AND YOU WANT TO
RETIRE.
CAN YOU AFFORD ANOTHER 2008?
THE OLDER WE GET THE LESS RISK
YOU SHOULD HAVE.
YOU HAVE TO MAKE ADJUSTMENTS
WITH THAT PLAN.
SOME OF OUR VIEWERS MIGHT
UNDERSTAND THAT YOU ARE SAYING
LOOK AT YOUR FINANCES THROUGH
BIFOCALS.
I'M NOT THERE YET BUT I WILL
BE.
WHAT YOU MEAN?
BUT BIFOCALS GIVE YOU THE
ABILITY TO SEE NEAR AND FAR BUT
THE SHORT-TERM GOALS AND LONG-
TERM GOALS.
WE SHOULD HAVE SHORT-TERM GOALS
IN PLACE WHICH IS GETTING RID
OF THAT DEBT, THE CREDIT CARD
DEBT AND STUDENT LOAN DEBT
BECAUSE CONSUMER DEBT LIKE
PERSONAL LOANS.
THE LONG-TERM GOAL WILL BE
RETIREMENT DATES AND MAYBE THE
SECOND HOME BUT LEGACY
PLANNING.
DOING A REVOCABLE TRUST OR A
GIVING, CHARITABLE REMAINDER
TRUST.
ONE THING THAT JUST RECENTLY
PASSED RECENTLY A MONTH AGO WAS
THE SECURE ACT WHICH WILL
GREATLY AFFECT HOW YOUR
CHILDREN WILL RECEIVE YOUR IRA
BECAUSE THEY CAN NO LONGER
STRETCH IT OUT OVER THEIR
LIFETIME.
TAX WISE AND LEGACY PLANNING IS
REALLY IMPACTED SO GET WITH
YOUR FINANCIAL PROFESSIONAL TO
FIND OUT HOW THAT IMPACTS YOU.
THIS SOUNDS LIKE SOMETHING
YOU DON'T WORK ON ONCE WE
SHOULD BE DOING THIS REGULARLY.
RIGHT.
GIVEN REGULAR CHECKUPS IT'S NOT
A SET IT AND FORGET IT
RETIREMENT PLAN.
GET WITH YOUR FINANCIAL
PROFESSIONAL WHETHER IT'S EVERY
QUARTER OR BIANNUALLY SO YOU
CAN SEE WHAT IS YOUR PLAN AND
IS IT ON TRACK.
WHAT HAS BEEN ADJUSTED?
WERE THERE MEDICAL EXPENSES OR
LOST OF A SPOUSE.
WE DO THE JOB AS THE ADVISOR OR
THE CLIENT, THEY KEEP WITH THE
EXPENSES THEY SAY THEY WILL
KEEP AND WE KEEP UP WITH WHAT
WE ARE HOLDING OUR END UP OF
THE BARGAIN.
WE CAN MAKE TWEAKS BECAUSE IF
HE GETS OH SO FAR IT MIGHT BE
TOO LATE.
YOU'VE GOT TO REVISIT YOUR
PLAN SOMETIMES IT MIGHT NEED