PODCAST

Ep 2: What Exactly is a Financial Plan?

The idea of a financial plan is familiar to everyone but how well would you be able to define exactly what that means? For many people, a financial plan is just a group of investments and savings accounts that they’re using to build a nest egg.

But the truth is a comprehensive financial plan goes well beyond that. On this episode, we want to help you better understand this idea by discussing what is and what isn’t a financial plan? We’ll also take you deeper into our process by highlighting the five worlds of investing and financial planning we focus on.

Your assets and management of those assets
Income planning
Tax planning
Legacy planning
Healthcare planning

Your plan is meant to be a compass for the rest of your life so building it with all of these different factors in mind will help give you confidence that you’re heading in the right direction.

Here’s some of what you’ll learn on this episode:

The biggest misunderstanding people have about what a financial plan is. (2:00)
What we mean by tax planning and why it’s a big piece of the overall plan. (7:49)
How legacy planning factors into the decisions we make for clients. (10:54)
When should you start your financial plan? (18:09)
Hear some of our favorite financial planning client stories. (23:24)

If you have any questions about what we discussed or anything else in your financial plan, email us at office@bulmanwealth.com.

All content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Nor is it intended to be a projection of current or future performance or an indication of future results.

Opinions expressed herein are solely those of Chris Bulman Inc. dba Bulman Wealth Group and our editorial staff. The information contained in this material has been derived from sources believed to be reliable but is not guaranteed as to accuracy and completeness and does not purport to be a complete analysis of the materials discussed. All information and ideas should be discussed in detail with your individual advisor prior to implementation. Investment advisory services are offered through Chris Bulman Inc dba Bulman Wealth Group, an SEC Registered Investment Advisor. Insurance products and services are offered through Chris Bulman, Inc. dba BWG Insurance Agency and Ameritas Life Insurance Corp., CA State Insurance License # 0M46922. Being registered as an investment advisor does not imply a certain level of skill or training.

Bulman Wealth Group, BWG Insurance Agency and Ameritas Life Insurance Corp. are not affiliated with or endorsed by the Social Security Administration or any other government agency.

Images and photographs are included for the sole purpose of visually enhancing the website. None of them are photographs of current or former Clients. They should not be construed as an endorsement or testimonial from any of the persons in the photograph.

Purchases are subject to suitability. This requires a review of an investor’s objective, risk tolerance, and time horizons. Investing always involves risk and possible loss of capital.

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HOW TO CONNECT WITH BULMAN WEALTH GROUP

At Bulman Wealth Group, we believe everyone should live the retirement that they’ve always wanted. We understand that there’s more to retirement planning than just savings and investments. While these are important, we advocate a broader approach. In our view, there are five key components to a comprehensive retirement strategy. These include investment, income, taxes, health care planning, and legacy planning. By addressing each of these we guide you in charting a course towards a fulfilling retirement.

Use the button below to book a 15-minute discovery call with the team or call us at (916) 458-8199 with your questions.

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The following content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Nor is it intended to be a projection of current or future performance or an indication of future results. Purchases are subject to suitability. This requires a review of an investor’s objective, risk tolerance, and time horizons. Investing always involves risk and possible loss of capital. Opinions expressed are solely those of Bulman Wealth Group and our editorial staff. The information contained in this material has been derived from sources believed to be reliable but is not guaranteed accuracy and completeness, and does not purport to be a complete analysis of the materials discussed.

Any statements or opinions expressed should in no way be construed or interpreted as a solicitation to sell, or offer to sell, advisory services to any residents of any State other than the States where otherwise legally permitted. Advisory services are offered through Chris Bulman Inc. dba Bulman Wealth Group and Brookstone Wealth Advisors (BWA), Registered Investment Advisors. Insurance products and services are offered and sold through Chris Bulman Inc. dba BWG Insurance Agency.