071: How Comprehensive Financial Planning Protects Your Lifestyle

On June 15th, the Federal Reserve decided to raise interest rates by 75 basis points. Understandably, this leads to a lot of questions: how is this going to affect bonds and the stock markets? How will this impact the economy and employment? Will there be a recession? No matter what happens, a comprehensive financial plan is your best defense in uncertain times. In today’s episode, we discuss the impacts of the Fed’s decision, how to create a risk budget and reserves to prevent needing to sell at a loss, and how to create a plan that’ll ensure you have enough income, no matter what. In this podcast interview, you’ll learn: Why our economy is in a perfect storm of fear, uncertainty, and doubt. Why there’s no way to time the market, especially right now. The importance of understanding your finances at every age. How to take advantage of charitable contributions in retirement planning. How to get a second look at your retirement plan or portfolio. To get access to today's show notes, including links to all the resources mentioned, visit EGSIFinancial.com/71 How Fit Is Your Retirement Plan?  We can help you manage your finances so you can pursue your goals. To learn more, visit EGSIFinancial.com