In this premiere episode of Retire with Balance, Rob Auclair of Balanced Wealth Management pulls back the curtain on what it looks like to work with a financial advisor and exactly what financial planning entails in a way that takes the mystery out of the process. Having a firm grasp on your finances will put you in a solid position to make important decisions about your financial future, including making smart retirement income choices and leaving a legacy of financial literacy for the next generation.
Five Pillars of Your Financial (Planning) Life
Successful financial planning comprises the various facets of your financial life, including retirement planning, investment planning, insurance planning, estate planning, and tax planning. In this chapter, Rob talks about how working with a financial planner will help you effectively understand, facilitate, and manage all pillars of your financial life.
If you’ve invested sufficiently for retirement, the good news is you have choices. The challenge you face is deciding what path is the best choice for you — a lump sum or a stream of income. Rob explains how both options work by walking through an eye-opening hypothetical example.
Financial literacy is one of the most important gifts we can give the next generation. In the last chapter of this video, Rob discusses what parents and grandparents can teach children to set them up for success and shares a list of resources anyone can use to increase their financial literacy.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. While our best intentions are to provide accurate and timely information, you should always consult with retirement, tax, and legal professionals prior to taking any action.