The Beauty of Simplicity When Planning For Retirement
Retirement planning doesn’t have to be overwhelmingly complicated. It certainly doesn’t have to be as complicated as some people make it. So, in today’s episode, we’ll talk about the beauty of straightforward financial planning.
Retirement planning doesn’t have to be overwhelmingly complicated. It certainly doesn’t have to be as complicated as some people make it. So, in today’s episode, we’ll talk about the beauty of straightforward financial planning.
Throughout this conversation, Erik will share more about Bowman Financial Strategies’ 80/20 retirement formula, which was designed to help simplify the planning process. Drawing inspiration from the Pareto Principle, which sug-gests that 20% of our inputs create 80% of our outputs, this approach focuses on three key pillars: accumulate, protect, and avoid. Join us as we break down these important components and unravel some of the unnecessary complexities often woven into the fabric of retirement advice.
Here’s some of what we discuss in this episode:
0:00 – Intro
0:46 – The 80/20 retirement formula
2:26 – How financial planning gets overcomplicated
4:10 – Does technology help or hurt?
5:57 – Accumulate, protect, and avoid
8:19 – Saving as much as you can
10:13 – Social Security education, minimizing taxes, and protecting assets
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Investment Advisory Services offered through CreativeOne Wealth, LLC, a SEC registered investment adviser. CreativeOne Wealth, LLC and Bowman Financial Strategies are unaffiliated entities.
Licensed Insurance Professional. We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives. This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice. 19770 - 2020/2/10
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