Ep 14: How Would You Do In The Financial Planning Olympics?

Ready to suit up and compete in the Olympics? Since the 2020 Summer Olympics have been postponed, let’s keep the games going by applying it to the world of financial planing? Will your strategy and preparation help you succeed? Find out in today’s podcast!

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The Game Plan

The Summer Olympics is one of the many things unfortunately postponed right now due to coronavirus. Since we can’t sit around cheering on our favorite athletes, let’s talk about some of the different ways we can place on the metaphorical podium while playing in the olympics of financial plans.

What are some of the main games or obstacles you face when creating and following a financial plan? Consider the marathoners who prepare to pace themselves for the long run, much like you need to with inflation. Or, think about the hurdles ahead if a recession hits. How well will you and your investments do?

Is your portfolio well diversified? Gymnasts have to find a way to balance on a thin balance beam, likewise you need to walk the line of a well-diversified portfolio. How are you diversifying your investments? Does it align with your financial goals?

Finally, is your financial plan working cohesively? From your tax planning to estate planning to investments, you want everything to synchronize seamlessly.

So, how did you do? Did your plan leave you feeling victorious?


The X’s & O’s

Check out the timestamps below to skip around to specific topics on the show.

[0:51] – The summer Olympics have been postponed due to coronavirus.

[2:31] – What would be included in the financial planning Olympics?

[2:47] – Facing the marathon of inflation over the long run.

[4:05] – Prepare for the hurdle of a recession.

[5:59] – Make sure to keep the hidden fees down. 

[9:06] – Can you balance on a thin line of diversified investments?

[10:51] – Are you working as a unit like the synchronized swimmers?

In a well-diversified portfolio of stocks and you rebalance on the highs and lows, that’s going to help pace inflation. So, you always want to have some money there for the rest of your life.

– Dale Tondryk

More To Explore

Ep 67: Are You A Risk Taker? How To See If Your Tolerance for Risk Matches Your Plan

Do you like to take risks? Or would you rather play it safe and steady? When it comes to the market risk can come with great reward, but it can also be damaging if our risk tolerance is out of balance with our plan. Most people don’t realize how much risk they are taking on and have a much lower tolerance than their portfolio reflects. 

Ep 66: Picking Sides in Important Financial Debates

Financial debates have existed for a long time and when we’re planning we may encounter quite a few. While there are various opinions out there, not everyone’s solution will fit your needs. Each situation is going to depend on your plan and goals.

Ep 65: Are These Retirement Statistics Encouraging or Disturbing?

We’ve gathered some updated retirement statistics from across the country. It’s time to find out if these are encouraging or disturbing findings if they’re reflective of the average client, and what you can do to improve your own retirement preparedness based on this information.