7 financial blind spots (Financial Safari)
Some financial plans include hidden fees you don't discover until you're ready to take your money out. Coach Pete discusses this and other financial blind spots you should be aware of.
Hello, everybody in high coach feet. We're gonna be talking workbooks right now. And I know you've got some fascinating ones for our viewers s. So let's talk about Chuck over the years I've put together 28 years, by the way, put together a lot of great workbooks that air home study vehicles for anybody that's watching right now. And it can be a part of a real good planning plan on getting started in planning. So planning plans kind of funny in it, but it's about planning for retirement. But you have to plan to plan. That's for this. The first step is to get familiar with what's going on in your wallet in your portfolio, and we made it pretty easy. The first book I want to talk about Here, Workbook and also comes with a box set, comes with a DVD workbook. This is one of the workbooks, worksheets and just a tutorial to get you started and making sure you're not doing the wrong things in the financial. Well, it's interesting that you talk about seven financial blind spot because I think the average person is planning for retirement. Doesn't realize that they don't know It's the old Yogi bear of phrase, right? You don't know what you don't you don't know what you don't know. And so we make it pretty easy. Writes graphs and charts in here, but 1st 1 is written goals. So we want to make sure we have written ghost would want to do in the future, okay? And what we want to do right now. So in order to get to the future, we have to plan today. And planning today means utilizing that 41 k for three b tsp. Any places, even your own IRAs to build a retirement balance up that you can now turn into a retirement income. And a lot of people don't realize what that what goes into that. So we talk about government programs not working. The government used to give you well, they still do. Give your pension, but your company's just to give you a pension and you retire and you'd get a check for the rest of your life. Doesn't happen anymore. So you have to plan on your own. Chuck. That's right. It was almost a no brainer, But now that doesn't exist. Way. Talk about inflation. How that can affect your bottom line of money. You think you're going to get to retirement, have enough money, you get there and it's gone or it's not gonna do what is supposed to do because taxation. So we have to plan for taxes and then procrastination is a big enemy and mortgage planning. What you gonna do with that house or collection of houses? Do you want to pay it off before you retire? Does that make sense, or is it better to refinance now with low interest rates and walk the bank into very low payment for a very long time? We go over that, too. We do a total planning process here. The first step, though, is to get a copy of this workbook and also get the box set with a DVD in it. And chuck, a lot of people love. This is a $300 value, but if you're watching this, you get this and you'll get a golden ticket that's inside the box set. That gives you $1000 value for no cost consultation to make sure that you are the skipper of your retirement boat.