5 Reasons You Need a Financial Plan That Have Nothing to Do With Money (EP.140)
02/21/24 • 11 min
You need money for everything, but money isn’t everything. That’s why there are a number of non- financial reasons you ought to embrace financial planning.
Listen now and learn:
- How blueprinting your life goes beyond a budget
- How financial planning can strengthen your bond with loved ones
- How a financial plan turns time from a fleeting resource into a strategic asset
Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.
You need money for everything, but money isn’t everything. That’s why there are a number of non- financial reasons you ought to embrace financial planning.
Listen now and learn:
- How blueprinting your life goes beyond a budget
- How financial planning can strengthen your bond with loved ones
- How a financial plan turns time from a fleeting resource into a strategic asset
Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.
Previous Episode
Advanced Executive Compensation Strategies With Derek Jess (EP.139)
The conversation continues with Derek Jess, Senior Wealth Manager and Shareholder at Plancorp, who returns to delve deeper into executive compensation planning strategies.
Listen now and learn:
- Key strategies for deferred compensation plans
- Advanced strategies for exercising stock options
- The important nuances of establishing a 10b5-1 plan
Be sure to also check out last week’s episode with Derek about Equity Compensation Strategies: Everything You Need to Know.
[02:00] Advanced Deferred Compensation Planning Strategies
[11:35] Advanced Strategies for Exercising Stock Options
[16:20] Understanding AMT Planning for Incentive Stock Options
[21:25] The Importance of Setting a 10b5-1 Plan
Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.
Next Episode
Evaluating Retirement Withdrawal Strategies with Christine Benz (EP.141)
In this episode, we’re joined by Christine Benz, Director of Personal Finance at Morningstar, who shares fascinating insights from her latest co-authored paper: "The State of Retirement Income 2023."
Listen now and learn:
- Motivations for safe withdrawal rate research
- Nuances of the 4% withdrawal rule
- Implications of today’s environment for retirement spending strategies
Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.
02:28 Motivation Behind the Research
03:54 The 4% Withdrawal Rule: An Overview and Its Shortcomings
07:15 Variables Impacting the Ideal Withdrawal Rate
12:45 The Impact and Value of Early Financial Gifts
17:16 The Advantage of Dynamic Spending Strategies
21:07 Upcoming Book: "How to Retire – 20 Lessons for a Happy, Successful, and Wealthy Retirement"
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