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Welcome to Wisdom & Wealth™ with Donna Kendrick and Jim Gehan. On each show, they'll aim to take the intimidation out of financial planning, so your family can handle any transition that comes its way.

From investing to retirement, each episode will cover all angles of financial planning. If you have a 401(k), IRA or other investments and want to know how you can protect your hard-earned assets and live a life of financial success, then this is the show for you.

If your financial life feels unclear or uncertain, then listen to the episodes of this show to gain confidence and clarity.

Donna is a Certified Financial Planner, a Certified Divorce Financial Analyst, and the founder of Sephton Financial in Wyndmoor, Pennsylvania.

Visit her website at https://sephtonfinancial.com/ or get in touch by calling 215-948-3945.

Sephton Financial
8200 Flourtown Ave, Suite 1B
Wyndmoor, PA 19038

Registered Representative offering securities through Cetera Financial Specialists LLC, member FINRA/SIPC. Advisory services are offered through Cetera Investment Advisers LLC. Cetera is under separate ownership from any other named entity. Sephton Financial, LLC and Cetera are not affiliated.

Feb 16, 2023

Are you confident that your financial plan is complete? Many people believe they have a solid plan in place, only to realize later that they've missed important areas. From not accounting for long-term care expenses to overlooking the impact of taxes on retirement income, there are many ways a financial plan can be incomplete.

On this episode, we'll be pointing out the most common areas people overlook when planning and provide actionable tips to ensure that your plan is as comprehensive as possible.

Here’s some of what we’ll discuss in this episode:

  • Donna addresses the danger posed by a market downturn early on in your retirement. (2:17)
  • Most Americans don’t realize they have a tremendous opportunity to save money on taxes as they approach retirement. And if you factor in that taxes might go up in the future it highlights why this is often one of the biggest missing pieces in the average retirement plan. (7:42)
  • Another overlooked area of planning is when people underestimate the likelihood they’ll have a long-term care need when they get older. (11:00)
  • Donna underscores why it’s important to have a living and breathing financial plan and not one that you just set and forget. (15:10)

Listen to the full episode to also learn about inflation, the dangers of rising medical costs, the challenges presented by RMDs, how to handle unexpected job losses and more…

If you are interested in any of the topics we discussed, please reach out and we would be happy to help you navigate your financial situation.

Get additional financial informationhttps://sephtonfinancial.com/podcasts/