The Money Knight

Ep 59: Planning for the Things We Can’t Predict

February 17, 2022

If we could predict everything in life, planning for retirement and the future would be a lot easier. We don’t know when the next stock market crash will take place, but we know it will happen at some point. You’ll want to make sure you have the right risk tolerance and implement strategies to protect your portfolio. What will healthcare costs look like in the future? We can assume they’ll be higher, but we don’t know by how much. It’s important to calculate this into your plan.

Unfortunately, there are a lot of life events we can’t predict. Your retirement plan has to account for a lot of different factors. We want you to be prepared no matter what your future looks like. On today’s show, we’ll discuss areas in your retirement plan you can’t possibly predict, but how we can plan for them anyway.

 

What we discuss on this episode: 

1:38 – How’s Wade doing?

2:48 – Stock market

5:25 – Healthcare costs

7:07 – Tax rates

9:54 – Longevity

11:54 – Being prepared

 

More Resources: 

Risk Survey: https://www.chessmanwealth.com/#survey-section

Retirement Planning Quiz: https://www.chessmanwealth.com/retirement-planning-quiz/ 

 

Important Links:

Chessman Wealth Website: https://www.chessmanwealth.com

Call: 214-572-2120