YFP 261: YFP Planning Case Study #2: Planning for Retirement, Saving for Kids College, and Paying Off Debt
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YFP Co-Founder & Director of Financial Planning, Tim Baker, CFP\\xae, RLP\\xae is joined by YFP Planning Lead Planners, Kelly Reddy-Heffner, CFP\\xae, CSLP\\xae, CDFA\\xae, and Robert Lopez, CFP\\xae to walk you through a financial planning case study on planning for retirement, saving for kids\\u2019 college, and paying off debt.
Key Points From This Episode
- Getting to know Fiona and Rob Anderson.\\xa0
- The home, work, and financial portfolios of our case study couple.\\xa0
- Fiona and Rob\\u2019s investment accounts and insurance policies.\\xa0
- Diving into tax concerns.
- Your children\\u2019s education versus building your retirement fund \\u2013 conflicting goals.\\xa0
- 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.\\xa0
- Delaying retirement and waiting to claim Social Security.\\xa0
- A closer look at whether their particular investment accounts work for their specific goals.\\xa0
- Unpacking the target date fund and traditional IRA.\\xa0
- 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\\u2019s Episode
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