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Sep 1, 2022

One of the things we love about financial planning is that there are many different solutions for the same scenario. You have to weigh all the different factors for an individual’s situation to determine what their best outcome might be.

Today we’ll touch on a little of that as we open up the mailbag to find out what’s on your mind. The topics we’ll cover include conservative investing allocations, taking a loan out from your retirement account, lump sums or monthly payment, and handling planning on your own.

These things we talk about are just opinions based on a short scenario that came in through the mailbag. When you have a question, we need to gather a lot more information because every situation could have multiple solutions. Planning takes time and we need to get as many details as possible to help provide the best possible answer for your position. But we hope our answers help explain the things we’re thinking through to give you a general idea of how to proceed.


Here are some of the things you’ll learn on this episode:

  • The story of Wrigley gum and mass marketing. (0:50)
  • Is having 80% of your money in a money market fund too conservative? (5:01)
  • Where to draw money from if most of your savings are in retirement account. (10:00)
  • Should you take your sick leave payout in a lump sum? (15:11)
  • Can you have a successful retirement without a financial advisor? (17:43)

If you’d like to learn more, visit us online and let’s set up a time to talk 