Ep 390: Warning Signs – Spotting Problems In Your Financial Life

My Smart Retirement

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Just like the lights on your dashboard can indicate if something is wrong with your car (like low tire pressure or leaking oil), there are indicators in your financial life that might point out that you have a problem that needs to be addressed.

On this episode of My Smart Retirement, Nancy Fleming breaks down at least four warning signs that should give you a clue something isn’t quite right with your financial and retirement plan.

Having no idea what it costs to fund your lifestyle, being overly focused on a specific dollar amount, or getting worked up over the financial impact of the day’s news stories are just some examples of the warning signs Nancy will explore.

And stay tuned for the end of the show where Nancy peels back the curtain on a new industry buzzword/phrase called “Next Chapter Advisors.”

Here’s some of what you’ll learn in this episode:

• Warning Sign #1: You have no idea what it costs to fund your lifestyle (3:00) • Warning Sign #2: You’re focused on attaining a certain net worth or account balance (5:37) • Warning Sign #3: Your mental image of retirement is based on what your parents had (7:23) • Warning Sign #4: You get worked up about current events because of the impact you feel that they have on your portfolio (11:07) • Nancy shares an analogy about comprehensive planning and balancing short and long-term goals and plans (12:57) • What are “Next Chapter Advisors”? (18:05)

When the warning light pops up on your dashboard, sometimes you know what needs to be fixed. Other times, you have to consult a professional to know what the problem is and how to fix it.

It’s the same thing in your financial life. Sometimes you’ll know the major areas where you need to improve, but a lot of times you’ll want a pro to help guide you and show you the way. If that’s the case, we’re always here to help, so don’t hesitate to reach out if you have any questions.

Contact The Office 480-632-8770 Schedule A Visit https://bit.ly/3V4xihj For more, visit us online https://www.flemingfinancialservices.com/

161 episoade

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