Ep 38: Playing the Financial Crossword Puzzle

When you complete a crossword puzzle, every letter and word needs to be right in order to achieve success. Similarly, a financial plan has a lot of intersecting parts that need to be aligned in order to achieve your goals. Are you ready to play?

 

Read more and get additional financial resources here: https://philstaxhacks.com/podcast/ep-38-playing-the-financial-crossword-puzzle/ 

 

Today's show schedule: 

0:45 - Financial planning is a lot like doing a crossword puzzle. 

2:27 - Puzzle line #1: Determining how much income we need in retirement.

6:17 - Puzzle line #2: Determining the proper amount of risk.

10:33 - Puzzle line #3: Should you have life insurance? 

13:42 - Puzzle line #4: Addressing long-term care expenses.

16:35 - Puzzle line #5: Taxes won’t stay the same as right now in the long-term.

19:32 - Puzzle line #6: How much can you realistically withdraw from savings?

21:02 - Mailbag: Selling the farm and about to retire. What should you do with the money?