Podcast Episode 12: The Biggest Threat to Your Financial Plan
by Financial Design Studio, Inc. / March 8, 2023
This episode will breakdown the biggest threat to your financial plan that you need to watch out for. If your financial plan isn’t protected from these dangers, you are vulnerable. But when you understand what the risks are, as well as opportunities, you can make the most of your finances.
Behind the Designs Ep 12 : The Biggest Threats to Your Financial Plan
LISTEN TO THE EPISODE HERE (or on your favorite streaming platform!)
Key Moments
1:20 What is a financial risk?
3:22 What if you don’t have a plan?
7:15 What if you haven’t gotten started?
8:36 What about the market?
11:50 How to stay protected from the market?
16:21 What makes the risk worth it?
20:50 What if you are missing opportunities?
27:13 The biggest risk is . . .
Links for This Episode
Interest Rate Risk for Bonds in 2021.
Hear Rob talk about FDS’s investment process in “Is Buy and Hold Investing Dead?“
Read more about wealth and investment management.
Stay Connected!
If you want to hear even more episodes, like “The Biggest Threat to Your Financial Plan,” be sure to subscribe to the Behind the Designs podcast on your favorite streaming platform! The Behind the Designs podcast shares with you an inside perspective at how financial advisors think about certain topics. We’ll see you in the next episode.
Credits for Episode 12
Executive Producer : Anna Lewis
Host : Michelle Smalenberger, CFP
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Recommended Reading
Episode 63: Hack Your Travel with Credit Card Points, with Ism Shovan
In this interview, Ism shares about his life as a digital nomad, how he plans trips and then funds them using points and miles.
Episode 62: How to Plan for RMD Taxes
In this episode, we explain how to plan for RMD taxes in advance of retirement, plus how this works for inherited accounts too!
Financial Design Studio, Inc.
We are financial advisors in Deer Park and Barrington, IL. A team with a passion for helping others design a path to financial success — whatever success means for you. Each of our unique insights fit together to create broad expertise, complete roadmaps, and creative solutions. We have seen the power of having a financial plan, and adjusting that plan to life. The result? Freedom from worrying about the future so you can enjoy today.