Ignoring the check engine light in your car can lead to costly repairs and potential breakdowns. Similarly, neglecting your retirement plan can have serious consequences. It's important to be proactive and regularly check in with a financial advisor to ensure your retirement is on track. Just as cars have warning signs, our finances have indicators that need attention, such as net worth, debt-to-income ratio, and emergency savings. By staying on top of these factors, we can maintain a healthy financial future. Ignoring financial checkups can lead to underestimating expenses and relying on others to handle our retirement. Regular checkups and planning can prevent financial crises and provide peace of mind. In this conversation, Peggy and Randy Fisher discuss the importance of staying proactive with financial planning and making adjustments based on changing circumstances. They highlight the potential impact of the expiration of the Trump tax plan in 2025 and the need for tax-efficient strategies. They also emphasize the need to review and reallocate investments regularly to manage risk and take advantage of market opportunities. The Fishers stress the importance of regular check-ins with financial advisors to ensure that plans are aligned with current conditions and goals.

 

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