Risk Management – License To Spend

License To Spend: Budgeting for Retirement Fulfillment (Ep. 1)

By License To Spend | April 4, 2024

You don’t want to be worrying about money during retirement. How can budgeting today help your financial plan last into retirement? Will your money be safe against potential challenges leading up to retirement?

Tim Whisler dives into the idea of a “License To Spend” during one’s golden years, with a focus on the criticality of retirees grasping their incoming funds, outgoings, and the various risks that could arise. Tim shares his wisdom on the financial hurdles that often trip up professional sportspeople and those who strike it lucky with lottery wins, pointing out the significance of managing finances with a firm hand.

Tim discusses:

Where does the concept of “license to spend” fit into retirement planning
How budgeting breaks down income and spending to create a clear idea of financial standing
What role does guaranteed income play in mitigating retirement risks
Why is proactive financial management important for a secure retirement

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Investment advisory and financial planning services are offered through Foundations Investment Advisors, LLC, an SEC Registered Investment Advisor. Insurance, Consulting, and Education services are offered through The Whisler Agency. The Whisler Agency is a separate and unaffiliated entity from Simplicity Wealth and Simplicity Solutions.

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27. Prepare for the Future Without a Crystal Ball

By License To Spend | October 27, 2021

There is always a risk when entering the stock market. What will that risk be in 20, 30, 40 years when you retire?

In this episode, Tim Whisler takes a deep dive into sequence of return risk, detailing what it is and how he helps clients prepare for the future without a crystal ball. Tim discusses how he turns potential losses into zeroes and the benefits of such transformations within your retirement plan.

Tim discusses:

The two main phases of life in your financial plan
The uncertainty of the future when planning for retirement
The benefits of zeroes over losses within your investments
And more!

Resources:

Watch the video HERE!

Connect with Tim:

Investment advisory and financial planning services offered through Simplicity Wealth, LLC, an SEC Registered Investment Advisor. Sub advisory services are provided by Advisory Alpha, LLC, an SEC Registered Investment Advisor. Insurance, consulting, and education services are offered through The Whisler Agency. The Whisler Agency is a separate and unaffiliated entity from Simplicity Wealth, LLC, and Advisory Alpha, LLC.

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24. What is the Ideal Age of Retirement?

By License To Spend | September 15, 2021

Your retirement age can impact the cost and benefits gained during your retirement.

In this episode, Tim Whisler reveals the flow of retirement as you age, from high to low spending. Tim discusses the risks you should consider when planning retirement and how a delay in retirement could grant you huge financial benefits.

Tag: Risk Management