YFP 261: YFP Planning Case Study #2: Planning for Retirement, Saving for Kids’ College, and Paying Off Debt
Your Financial Pharmacist
English - June 23, 2022 09:00 - 37 minutes - 34.4 MB - ★★★★★ - 160 ratingsInvesting Business pharmacist retirement debt finance pharmacy Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP® is joined by YFP Planning Lead Planners, Kelly Reddy-Heffner, CFP®, CSLP®, CDFA®, and Robert Lopez, CFP® to walk you through a financial planning case study on planning for retirement, saving for kids’ college, and paying off debt.
Key Points From This Episode
Getting to know Fiona and Rob Anderson. The home, work, and financial portfolios of our case study couple. Fiona and Rob’s investment accounts and insurance policies. Diving into tax concerns. Your children’s education versus building your retirement fund – conflicting goals. How to prioritize conflicting goals. Some innovative ways to lower the costs of college/university. How to use 401Ks, RSUs, and other investment accounts wisely, for investing in your goals. Delaying retirement and waiting to claim Social Security. A closer look at whether their particular investment accounts work for their specific goals. Unpacking the target date fund and traditional IRA. What to consider when paying a mortgage in retirement. Your age concerning your debt, and if there is reason to panic.Links Mentioned in Today’s Episode
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