A roundtable discussion with two CFPs, Kyle Mast and Danny Kenny, on what financial planning looks like in practice, the importance of talking to a CFP and managing different types of risk.
On today’s episode we cover:
- Roundtable Q&A with two Certified Financial Planners
- Kyle and Danny’s backstory
- How they learned about FI
- Why you should use the services of a CFP
- How they act as an educator and therapist between spouses
- What financial planning looks like in practice
- The different CFP models
- Why everyone should talk to a CFP
- How to find a CFP
- Why it is important that your CFP is a fiduciary and how to make sure
- The changes with the new tax bill
- The steps between the accumulation and draw-down phase
- Biggest mistakes clients make
- How to get both spouses on the same page
- The importance of keeping records
- How to deal with people who panic
- Risk management outside of investments
- Why it’s worth getting long term disability insurance
- When should someone consider index funds
- Importance of mixing US and international investments
- Hotseat questions
Links from the show:
- CPF Board
- Napfa
- XY Planning Network
- Becoming Minimalist
- The Secret to Achieving your Dreams
- Danny’s info
- Kyle’s info
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