Preview Mode Links will not work in preview mode

Your Financial Pharmacist

  1. All Episodes
  2. YFP 261: YFP Planning Case Study #2: Planning for Retirement, Saving for Kids’ College, and Paying Off Debt

YFP 261: YFP Planning Case Study #2: Planning for Retirement, Saving for Kids’ College, and Paying Off Debt

Jun 23, 2022

YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP®, RLP® is joined by YFP Planning Lead Planners, Kelly Reddy-Heffner, CFP®, CSLP®, CDFA®, and Robert Lopez, CFP® to walk you through a financial planning case study on planning for retirement, saving for kids’ college, and paying off debt.

Key Points From This Episode

  • Getting to know Fiona and Rob Anderson. 
  • The home, work, and financial portfolios of our case study couple. 
  • Fiona and Rob’s investment accounts and insurance policies. 
  • Diving into tax concerns.
  • Your children’s education versus building your retirement fund – conflicting goals. 
  • How to prioritize conflicting goals.
  • Some innovative ways to lower the costs of college/university.
  • How to use 401Ks, RSUs, and other investment accounts wisely, for investing in your goals. 
  • Delaying retirement and waiting to claim Social Security. 
  • A closer look at whether their particular investment accounts work for their specific goals. 
  • Unpacking the target date fund and traditional IRA. 
  • What to consider when paying a mortgage in retirement.
  • Your age concerning your debt, and if there is reason to panic.

Links Mentioned in Today’s Episode