Today’s Objective…

Financial planning is more than math and logic. There are times when it’s important to consider your emotions. Dan helps us tap into that financial feeling.

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(Click the featured times below to jump forward in the episode)

First Things First.

  • [spp-timestamp time=”1:14″] – In The News: Will The Fed Hike Interest Rates?
  • [spp-timestamp time=”3:37″]  – Mailbag: Tracy says she makes too much money to contribute to a Roth or traditional IRA. She wants to know where to invest her money.
  • [spp-timestamp time=”6:54″] – Mind Over Money: Dan explains mental accounting

Tactical Points:

Consider How You’re Feeling.

  • [spp-timestamp time=”9:30″] – Financial planning certainly comes with a set of rules and focuses on precision in retirement planning. However, it’s also an art, and as an artist, you must be in tune with your emotions. 

How Is Retirement An Emotional Process?

  • 10:44 – Consider paying off a house. Analytically speaking, it could make more sense to keep your money invested rather than using it to pay off your house. However, the peace of mind that accompanies paying off a house is important to consider. At this point, you must consider the balance between reason and your emotions. 

The Nitty Gritty Of Investing.

  • 13:03 – As you pick your investing strategy, consider whether you’re a visionary or a details-oriented person. Some folks want to know what’s happening with every detail of the planning process. Others don’t want to think about it. As you sit down with your advisor, let those feelings factor into how you will approach retirement planning. 

Consider The Wall Street Roller Coaster.

  • 16:06 – Consider your feelings as you account for the risk in your portfolio. If market volatility leaves you feeling sick to your stomach, you probably need to dial back the risk in your portfolio. 

The Plan:

[spp-tweet tweet=”Financial planning goes beyond metrics and numbers. Your financial feelings will impact your overall approach to retirement. Don’t forget to listen to them when meeting with your advisor. – Plan With Dan“]

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Extra Planning:

The host: Dan Betzel – ContactRetirement Trailblazer Guide – Retirement Rescue Toolkit – Call: 614-472-4510