When it comes to your financial plan, are your plans based on financial expertise or your assumptions? It’s hard to recognize our own weaknesses or deficiencies, but in reality, there are many key areas where people trip up.

Read more and get additional resources here: https://fortune-financial.org/ep-21-things-people-think-they-know-but-dont/

Today's rundown:

1:11 - How much income do I truly need in retirement?

3:15 - How much investment risk should we be taking?

5:44 - How do I address possible long-term care expenses?

7:15 - Won’t I pay less in taxes in retirement?

Building a retirement plan takes time, but your focus should start to narrow as you move closer to that big day. On this episode, we’re going to look at the different stages of planning from 15 years out all the way until that transition into retirement. Find out what you should be doing at each stage along the way.

Read more and get additional resources here: https://fortune-financial.org/ep-20-the-different-stages-of-retirement-planning/

Today's rundown:

0:18 – Let’s talk about the different stages of retirement.

1:07 – What should you be thinking about around 50 when you’re 15 years out?

3:30 – Now you’re 10 years out. What should you be considering?

5:37 – This is the time you want to start thinking about your potential retirement age.

7:39 – 5 years away from retirement. This is maybe the most crucial period.

10:10 – Keep in mind that inflation and taxes need to be a part of your retirement plan.

11:56 – It’s now your retirement day. Here’s what has to be done.

13:46 – Is planning over now that we’ve retired?

We all like to check our bank account and see a healthy number staring back at us, but at what point do you have too much cash on hand? Today we want to focus on the benefits of having cold, hard cash but also why it’s important to understand that too much cash will bring your portfolio down over time.

Read more and get additional resources here: https://fortune-financial.org/ep-19-how-much-cash-should-you-keep-in-your-portfolio/

Today's rundown:

0:44 – What are the most common needs for cash that requires you keeping it in your bank account?

2:43 – Then what’s the problem with having too much cash?

3:59 – How do you help clients determine how much cash they need?

6:37 – What makes people obsess over a certain amount of cash?

8:03 – In what ways can clients invest cash but keep it out of the market to avoid the volatility?

8:49 – Fixed index annuities might be an option.