058 | Annual CFP Roundtable 2017 | Kyle Mast and Danny Kenny

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
  • LinkedIn
  • SBSB Company
• Kyle’s info
  • Clarity Financial
  • Letters to Randon

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