The Financial Planning Process

We discuss many different money management tools on our show but having a defined process is perhaps the most important thing investors need to consider when constructing their plan. Having a process allows you and your assets to perform at peak capacity. Customized to each individual a process should cover your income needs, investments, tax planning, estate planning, and liquidity. 

While many of us may be tempted to chase the market, we want to ensure we have a consistent rate of return, especially as we inch closer to retirement. Your plan needs to cover both inflationary and non-inflationary expenses when constructing a cash flow analysis. Once you know how much cash you need in retirement you can position your assets to achieve those goals. 

A financial framework like the one we follow in the Redefining Wealth Process is a financial baseline that gives many clients the confidence they need in both the accumulation and decumulation phase of financial planning. On today's episode, we'll explore the importance of developing a customized process in your financial plan and how it will help you achieve a stable retirement future. 

Check out Episode 92 mentioned in today’s show: https://redefiningwealth.info/92-volatility-the-retirement-killer/

Get a free copy of our “How to Survive a Bear Market Guide”: [email protected] 

Strategy consultation and analysis: https://redefiningwealth.info/schedule/

Show notes: https://redefiningwealth.info/96-the-financial-planning-process/