Financial planning is a complicated subject. There are so many trade offs and variables involved it can be overwhelming for many folks. Recently, long-time financial columnist Jonathan Clements penned an article covering 18 simple steps to creating your own financial plan.
Of course anything with 18 simple steps does not sound so simple, but it was a valiant attempt at back of the napkin financial planning. The reality is life and financial planning involve a series of interconnected trade offs without a concrete answer. My humble advice would be to gather relevant information on the subject and make the best informed decision you can. Life is not perfect and neither are many of the choices we all face.
On the program I follow along with Jonathan’s 18 steps and give my two cents along the way. Also in the program I mention two videos and articles about retirement planning that do an excellent job of providing clear and concise information on the subject. You can find the videos on two of my recent blog posts. You will find links to the short videos as well as links to a couple of robust papers on the subjects. Hopefully you will find them useful and informative.
I hope you enjoy the program this week. Hope you have a great week! – Gary
Here is this week’s podcast of my show that originally was broadcast on Sunday, January 10, 2016 on KNBR.
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