Ep 24: Planning for Things We Can’t Predict
There are certain things in life we just can’t predict. If we knew the answers to some of these questions, planning for retirement would sure be a lot easier. You are probably concerned about things that you can’t control: the stock market, taxes, healthcare, etc. However, it’s important to prepare your plan for these unknowns.
The next market crash is going to happen, we just don’t know when. So it’s necessary to manage risk in correlation to your situation in life. On today’s episode, we’ll discuss four areas of your financial plan you can’t predict, but you can certainly plan for. So let’s see how you go about constructing a plan that addresses the kinds of questions to which you can’t possibly know the answers.
0:48 – When will be the next market crash?
6:00 – Where will healthcare costs be?
8:05 – What will your tax rates be?
10:44 – How long are you going to live?
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