Stress Testing Your Financial Plan

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Dave and Nick offer tips on how to check that your financial plan is on track to provide the goals you have for your future and retirement.

Your plan should include resources for things that may come up that you are not planning for. Such as:

• What if I need to go into a nursing home?
• What if my wife lives to be 104 years old?
• What if the market does WYZ instead of what I expected?

People don’t typically come to their financial adviser when things are going great. They usually have a concern or questions. A lot of times it is because something happened to someone they know, and they want to make sure they are prepared if something similar happens to them.

The solution to this is to make sure you have a normal plan in place and then let’s see if these possible events break that plan.

This is an invaluable exercise to get clients to start thinking about events that may arise and to have peace of mind that their financial plan, savings, and investments will take care of them.

Join Nick and Dave as they discuss some of these scenarios and see if any of them apply to you and your family.

About Shotwell Rutter Baer

Shotwell Rutter Baer is proud to be an independent, fee-only registered investment advisory firm. This means that we are only compensated by our clients for our knowledge and guidance — not from commissions by selling financial products. Our only motivation is to help you achieve financial freedom and peace of mind. By structuring our business this way we believe that many of the conflicts of interest that plague the financial services industry are eliminated. We work for our clients, period.

Click here to learn about the Strategic Reliable Blueprint, our financial plan process for your future.

Call us at 517-321-4832 for financial and retirement investing advice.