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!

Apple PodcastsSpotifyGoogle PodcastsStitcheriHeartRadioTuneInAmazon MusicRSS

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 73: Getting it Right: Irreversible Financial Decisions

There are plenty of decisions that you’ll make in the retirement planning process that can’t be undone, so you want to make sure that you make the right call. In this episode, we’ll explain why these decisions are so important and can’t be undone.

Ep 72: Can’t Get No Satisfaction… Or Can You?

Want to know the secrets to experiencing satisfaction in retirement? We’ve discovered five key situations in which your financial plan needs to lead you. If you can key in on these five points, you’ll have a high chance to achieve retirement satisfaction.

Ep 71: Going Against the Grain to Achieve Your Retirement Goals

Being a good advisor isn’t about winning a popularity contest or just saying the same things that everyone else in the industry says. It’s about giving the best advice that you can for each individual situation. On today’s show, we’re going to peel back the curtain to discuss some areas where a good financial advisor’s opinions might go against the grain with mainstream ideas in the industry.