💡 What is your perspective on longevity and retirement planning?

In this episode of Great Decisions, Incredible Lives: Retire With Intention, John Creekmur interviews Brian Colvert, a certified financial planner from Bonfire Financial. They discuss retirement planning and the changing dynamics of retirement. Brian shares his background and experience in the financial industry, as well as what sets Bonfire Financial apart from other advisory firms. They delve into understanding clients' expectations and reshaping retirement plans to align with their goals. They also touch on topics such as long-term care expenses, risk in retirement planning, retirement income strategies, and the importance of trust in the advisor-client relationship.

🗝 Key Takeaways:

➡️ Understanding clients' expectations: Brian emphasizes the importance of understanding clients' expectations regarding retirement planning. Financial advisors can help ensure a more fulfilling retirement experience by aligning retirement plans with clients' goals.

➡️ Reshaping retirement plans: The dynamics of retirement are changing, and it's crucial to adapt them accordingly. Brian discusses the need to consider longer life expectancies, rising healthcare costs, and changing economic conditions when creating retirement strategies.

➡️ Long-term care expenses: Long-term care expenses can significantly impact retirement plans. Brian highlights the importance of factoring in potential long-term care costs and exploring insurance options to protect retirement savings.

➡️ Managing risk in retirement planning: Retirement planning involves managing various risks, such as market volatility and inflation. Brian discusses strategies to mitigate these risks and ensure a more secure retirement.

➡️ Trust in the advisor-client relationship: Trust is a vital component of the advisor-client relationship. Brian emphasizes the importance of building trust with clients through transparency, open communication, and delivering on promises. Trust allows for a more collaborative and successful retirement planning process.

Connect with Brian: 

P: (719) 394.3900 | (844) 295.0069

[email protected]

Disclosure: https://creekmurwealth.com/podcast-disclosure/

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