Has your financial outlook changed over the past few months? The COVID-19 pandemic has left many of you rethinking your financial plan for retirement. Financial professionals Joe Anderson and Alan Clopine want to give you the tools and strategies not just to survive but to thrive when life takes unexpected turns. Pure Financial’s Managing Director Jake Greenberg discusses how applying a set formula to your retirement plan can backfire.
Important Points:
(01:39) – Power of Financial Planning
- Develop A Written Plan
- Build Emergency Fund
- Keep Up With Health Care Costs
- Maintain Investing Discipline
- Protecting Against Market Risk
(02:26) – Importance of Having an Emergency Savings
(02:58) – Develop a Written Financial Plan
(05:50) – Create an Emergency Fund
(07:08) – Emergency Fund Myths
(10:15) – Retiree Health Care Costs
(12:10) – Constructing a Financial Plan
(16:30) – Monitoring Your Portfolio
(20:23) – Benefit of Diversification
(22:22) – Power of Financial Planning: Rebalancing
(24:08) – Ask the Experts
(24:59) – Pure Takeaway: Power of Financial Planning
- Creating a Plan for Your Personal Goals
- Maintain an Emergency Fund
- Plan for Health Care Costs
- Invest to Meet Your Goals
- Protect Your Portfolio Against Market Risk
