Plan Better and Achieve More: Two Case Studies of Financial Planning Success (with CFP Taylor Schulte)

What could you achieve if you planned better? CFP Taylor Schulte shares two stories told by financial planners about clients who achieved extraordinary results by creating and working on their financial plans. We dive into how you can dream bigger and do more with just a few better tactics.

In today’s headline, we dive into whether having a million dollars in your 401(k) equates to a secure retirement or not. After 2022’s rocky market performance (and accompanying investor behavior), data released by Fidelity Investments, the largest provider of workplace retirement plans, show a steep drop in the number of people with over a million dollars in their plans. How steep? Tune in to find out.

Doug will educate us about what it takes to become a bonafide CFP® and we’ll throw out the Have Lifeline to Will who has a question about starting his career in the financial planning business.

Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at StackingBenjamins.com/201.

Enjoy!

Our Headlines

• Here’s Why Having a Million In Your 401(k) Is Not a Foolproof Retirement Strategy (TheStreet)

Our TikTok Minute

Taylor Schulte

Big thanks to Taylor Schulte for joining us today. To learn more about Taylor, visit Stay Wealthy – Top Retirement Blog and Podcast (youstaywealthy.com). Grab yourself a copy of the book More Than Money: Real Life Stories of Financial Planning.

Watch the interview on our YouTube channel:

Doug’s Trivia

• How many areas of expertise do you need to master to secure a Certified Financial Planning designation?

Need life insurance? You could be insured in 20 minutes or less and build your family’s safety net for the future. Use StackingBenjamins.com/HavenLife to calculate how much you need and apply.

• Will from Oklahoma is going to graduate in May and wants the guys’ advice on what is the best way to start a career in financial planning.

Want more than just the show notes? How about our newsletter with STACKS of related, deeper links?

• Check out The 201, our email that comes with every Monday and Wednesday episode, PLUS a list of more than 19 of the top money lessons Joe’s learned over his own life about money. From credit to cash reserves, and insurances to investing, we’ll tackle all of these. Head to StackingBenjamins.com/the201 to sign up (it’s free and we will never give away your email to others).

Written by: Kevin Bailey

Missed our last show? Listen here: 10 Expenses That Are Stealing Your Wealth (And What You Can Do About It).