In this episode, Steven Boorstein, PharmD, CFP® discusses how to create a comprehensive financial plan/retirement plan in your 60s. He covers five critical areas of a solid financial/retirement plan: values and goals, tax strategy, estate planning, investment management, and risk management.
Steven emphasizes the importance of aligning these areas with your overarching financial plan and seeking professional advice when necessary.
Takeaways
+A solid financial plan in your 60s should include consideration of your values and goals.
+Develop a tax strategy to minimize taxes both now and in the future.
+Estate planning is crucial, including wills, powers of attorney, and potentially trusts.
+Investment management should align with your overall financial plan and goals.
+Implement strategies to reduce risk, such as evaluating the need to have specific insurance coverages or having funds set aside to cover certain risks
See if we can help:
https://mailchi.mp/rockcrestfinancial.com/prospective-client-inquiry
Chapters
00:00 Introduction
01:05 Chapter 1: Values and Goals
06:41 Chapter 2: Tax Strategy
08:30 Chapter 3: Estate Planning
12:05 Chapter 4: Investment Management
13:36 Chapter 5: Risk Management
20:20 Conclusion
The information presented in this podcast is intended for informational purposes only and does not purport to be investment advice or an offer of investment advice, an offer to buy or sell any security or a recommendation of any investment strategy or course of action.
Interested in exploring how Steve and his team can be YOUR Personal Financial CEO? https://mailchi.mp/rockcrestfinancial.com/prospective-client-inquiry
Website & Social Website:
https://rockcrestfinancial.com/ Podcast/Newsletter: https://rockcrestfinancial.com/podcast Facebook: https://www.facebook.com/RockCrestFinancial
LinkedIn: https://www.linkedin.com/in/stevenaboorstein/
YouTube: https://www.youtube.com/@PersonalFinancialCEO
Instagram: https://www.instagram.com/PersonalFinancialCEO/
Twitter: https://twitter.com/StevenBoorstein
#PersonalFinancialCEO #stevenboorstein #RockCrestFinancial
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