The Smart Take:
You cut the paycheck cord and enter retirement. Then a spending goal unexpectedly increases…significantly. You can’t simply continue to work longer, so what do you do?
Hear Kevin discuss real-life cases where clients had to provide financial support to their daughter going through a messy divorce and another situation where a client desired to buy a 2nd home. Though the situations were starkly different, the process to rework the retirement plan and evaluate tradeoffs was similar.
Life throws curveballs. Best to have a plan and process in place in advance on how to deal with them.
Need help making sure your investments and retirement plan are on track? Click to schedule a free 15-minute call with one of True Wealth’s CFP® Professionals.
4:18 – Client Story: Life Happens, Things Change
8:07 – Reworking The Plan For A Second Home
14:26 – Picking Up New Spending Goals
17:09 – Potentially Downsizing
18:12 – Taking A Second Look At Travel Expenses
20:14 – Providing Clarity
22:21 – Helping Clients Make Informed Decisions
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