Financial Tweaks That Matter: Small Steps, Big Impact
Eric Judy • December 21, 2023
Ever thought that minor tweaks in your financial plan could lead to major wins? In this episode, we're exploring the surprisingly powerful world of simple financial adjustments. From overlooked savings tricks to smarter insurance choices, we're unpacking those seemingly small steps that can bring about big, positive ripples in your financial life.
On this episode:
It’s these small things that often lead to success in retirement. By staying disciplined and following a plan every day, you will have the best chance at reaching your financial goals and be able to enjoy another day in retirement paradise.
Here are the small steps we’ll explain today:
- Keeping the right amount in cash and keeping it in the right place.
- Consolidate your old 401Ks.
- Think about replacing high-expense mutual funds.
- Check your beneficiary designations to make sure they’re all updated.
- Rebalancing your portfolio.
- Automate your savings to make sure you’re doing it regularly.
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Creating a structurally sound retirement strategy requires careful consideration and planning.
Sometimes it’s hard to make financial sacrifices when the reward might not be seen until several years in the future, but most of the decisions we make during the retirement planning process are done with a long-term view. Staying disciplined is easier said than done, but it has been proven time and time again that patience pays off.
Together, we'll navigate through essential topics like managing RMDs, exploring tax-saving opportunities, and even touching on the often-overlooked emotional aspects of this pivotal life transition.