Chess, Roulette, and Poker: Financial Comparisons To These Well-Known Games
10/10/24 • 10 min
Chess, roulette, and poker are games that illustrate different balances of luck and skill. Similarly, some financial situations can be compared to these games. Join Tad and Toni Hill as they break down some retirement planning decisions you might encounter, and whether those decisions are most like chess, roulette, or poker.
When making financial decisions, we strive for as much control as possible- similar to chess, which demands careful analysis and strategy. Partnering with a trusted advisor can be instrumental in navigating these decisions and creating more chess-like scenarios in your financial journey. Tune in as Tad and Toni discuss the processes behind these important financial choices!
Here’s what we discuss in today’s show:
- How a turbulent market will impact you differently if you’re 30 than if you’re 60
- Deciding how much IRA money you should convert into a Roth
- Choosing the right pension option
Key Takeaway
"One of the reasons that I think our process is so helpful... is because a lot of people do not know how to make that 'chess' move. They just do whatever, because.... they don't have somebody that's helping them."
We can assist you on your journey to financial freedom:
https://www.askfreedomfinancial.com/
205.988.0006
Listen to more content:
https://www.askfreedomfinancial.com/in-the-media/#radio
Chess, roulette, and poker are games that illustrate different balances of luck and skill. Similarly, some financial situations can be compared to these games. Join Tad and Toni Hill as they break down some retirement planning decisions you might encounter, and whether those decisions are most like chess, roulette, or poker.
When making financial decisions, we strive for as much control as possible- similar to chess, which demands careful analysis and strategy. Partnering with a trusted advisor can be instrumental in navigating these decisions and creating more chess-like scenarios in your financial journey. Tune in as Tad and Toni discuss the processes behind these important financial choices!
Here’s what we discuss in today’s show:
- How a turbulent market will impact you differently if you’re 30 than if you’re 60
- Deciding how much IRA money you should convert into a Roth
- Choosing the right pension option
Key Takeaway
"One of the reasons that I think our process is so helpful... is because a lot of people do not know how to make that 'chess' move. They just do whatever, because.... they don't have somebody that's helping them."
We can assist you on your journey to financial freedom:
https://www.askfreedomfinancial.com/
205.988.0006
Listen to more content:
https://www.askfreedomfinancial.com/in-the-media/#radio
Previous Episode
How Retirement Planning and Estate Planning Go Hand in Hand with Anne Moses
Anne Moses with Moses & Moses P.C. is not affiliated with Freedom Financial Group or AEWM.
In this episode of Retire With Freedom, we welcome Anne Moses from Moses & Moses, P.C. to discuss the vital relationship between your financial advisor and estate planner. It takes a village to get your retirement in order and to ensure you’re leaving your children a legacy that’s a blessing rather than a burden. That’s where the expertise of both your financial advisor and estate planner comes into play.
Anne breaks down how she uses an estate planning questionnaire to help her clients figure out what they want their legacy to be, and how that connects to retirement planning. She also joins Tad and Toni to discuss the importance of setting up trusts and when to consider them, ensuring that your assets are distributed according to your wishes.
Here’s what we discuss in today’s show:
- The top estate and retirement planning concerns
- How Anne utilizes an estate planning questionnaire to assist her clients
- How third parties can facilitate important conversations about healthcare needs
- Why it takes a village to get your retirement in order
- When you should consider using a trust
Resources for this episode:
Moses & Moses, P.C.
https://mosespc.com/
Key Takeaway
“The relationship between attorney and financial advisor really needs to be a tight one.”
We can assist you on your journey to financial freedom:
https://www.askfreedomfinancial.com/
205.988.0006
Listen to more content:
https://www.askfreedomfinancial.com/in-the-media/#radio
Next Episode
Retirement Today: Not Your Parents Retirement
Retirement today is vastly different from what your parents or grandparents experienced. Not only are people working longer, but they’re also living longer, too. With advances in medical technology and an increase in life expectancy, retirement has taken on a whole new meaning.
In fact, retirement can often be more costly than your working years, especially with rising medical expenses. That’s why it’s important to have a plan that accounts for not only the expenses, but how long you may need to be paying those expenses. That’s where having trusted advisors like Tad and Toni can be a huge help.
Here’s what we discuss in today’s show:
- The differences between your retirement and the retirement your parents had
- How being retired can be more expensive than working
- How annuities are different today than in years past
Key Takeaway
“Retirement portfolios today need to be designed to fund expenses for 30 or more years.”
We can assist you on your journey to financial freedom:
https://www.askfreedomfinancial.com/
205.988.0006
Listen to more content:
https://www.askfreedomfinancial.com/in-the-media/#radio
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