In this episode of Nuggets of Knowledge, Chris Bowman and John Floyd discuss the various financial risks that could impact retirement plans in 2025. They emphasize the importance of risk management, avoiding rash decisions, and the necessity of having a solid financial and estate plan. The conversation also covers the dangers of overspending, the impact of debt, and the need for long-term care planning. Throughout the discussion, they use weather metaphors to illustrate the potential financial storms retirees may face and the importance of being prepared. IThey emphasize the importance of having a financial plan, the value of time-saving through professional guidance, and the necessity of estate planning. The discussion also highlights the emotional and psychological benefits of having a solid financial strategy in place, as well as the importance of accountability and discipline in achieving financial goals. Additionally, they touch on the need for educational workshops to inform the public about estate planning and financial management.

Reach out to Chris or Jon at 602-497-1322 or https://www.prospectwealthadvisors.com/

See omnystudio.com/listener for privacy information.

n this episode of Nuggets of Knowledge, Chris Bowman discusses the essential steps to finding the right financial advisor and the importance of having a solid financial plan. The conversation highlights the value of professional guidance in managing investments, planning for retirement, and ensuring financial health. Chris emphasizes the need for continuous evaluation of financial strategies and the significance of estate planning in securing one's financial future.. The discussion also covers the importance of estate planning, including trusts and wills, and the necessity of having powers of attorney in place. Additionally, Nolan provides insights into retirement withdrawal strategies and tax-efficient legacy planning, emphasizing the need for professional guidance in these areas.

Reach out to Chris or Jon at 602-497-1322 or https://www.prospectwealthadvisors.com/

See omnystudio.com/listener for privacy information.

In this episode of Nuggets of Knowledge, the hosts discuss the importance of continuing to invest after retirement, emphasizing the need for a solid financial plan to ensure longevity and sustainability. They explore the impact of inflation on purchasing power, the unpredictability of healthcare costs, and the necessity of budgeting for unexpected family support. The conversation also delves into legacy planning, highlighting the importance of comprehensive estate planning. The hosts provide insights into risk tolerance and the emotional aspects of investing, encouraging listeners to seek empowerment through financial knowledge. . The discussion covers the importance of having a will or trust, common myths surrounding estate planning, and the consequences of not having a plan in place. The conversation emphasizes the need for proper documentation to avoid legal complications and ensure that one's wishes are honored after death.

Reach out to Chris or Jon at 602-497-1322 or https://www.prospectwealthadvisors.com/

See omnystudio.com/listener for privacy information.