Ep # 55: Planning Focuses When Growing Wealth

Asset accumulators have a long runway until retirement.  Starting the financial planning process early builds a solid financial foundation to ensure success in the future. Those starting out have competing goals, such as saving for retirement, buying a larger house for a growing family, paying down debt, or saving for their kids’ education. With all these financial aspirations, which one should be prioritized? That’s where financial planning comes in! Listen to Ben and Adam talk about our subscription-based planning process, where we take the time to think about your resources, your goals, your values, your opportunities, and your threats and continue to evaluate and adapt as things change in your life.[1:13] What is a DINK (dual income, no kids)? What is an OINK (one income, numerous kids)?[4:17] This A/B Conversion is geared towards younger families[6:18] Why OINKS need to be more conservative and build bigger buffers[8:11] Taking advantage of employer provided benefits[10:53] Being sensitive to cash flow[11:26] Planning with competing goals[13:26] Importance of insurance and estate planningTo learn more about our planning process for diligent savers with competing goals, check out our sample client profile by clicking the link below:https://www.haasfinancialgroup.com/diligent-savers-competing-goalsTracking # 1-05202384Thanks for listening!If you want to be notified when the next episode will be released, you can:Subscribe to the ShowFor more insights on everyday financial planning questions,  go to www.haasfinancialgroup.comContact Us:Email us at [email protected] advice offered through Great Valley Advisor Group, a Registered Investment Advisor. Great Valley Advisor Group and Haas Financial Group are separate entities. This is not intended to be used as tax or legal advice. Please consult a tax or legal professional for specific information and advice.