Optimizing Your Financial World - Episode 11 (What is Wealth Planning, Really?)
An easy mistake to make can be focusing on a single aspect of our financial life. In doing so, we can miss opportunities, as well as take on unnecessary levels of risk.
In the latest installment of Optimizing Your Financial World, we’re going to explore a way to avoid that problem and address the full range of financial concerns using wealth planning. Listen as Mark and Ryan unpack the beneficial strategies incorporated within wealth planning and why it's so necessary these days.
Mark brings over four decades of experience to this conversation and it's one you don't want to miss!
Timecodes:
0:06 - Overview on the topic of the day
1:07 - What is wealth planning and what can it do?
3:04 - A critical technique that's common across wealth planning efforts
5:00 - Using the different types of trusts as examples
7:06 - Life insurance and how it can be an effective tool in the wealth planning toolkit
9:56 - How can wealth planning ultimately help a business owner
11:51 - What people should be looking out for that goes beyond standard wealth planning
13:30 - Mark's seven ideals within wealth planning
20:26 - How someone can get in touch with Mark's team to discuss wealth planning further
21:52 - Closing remarks
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