It All Starts With A…

It All Starts With A…
02 Nov 2016

Plan!  When we have people stop in our office, one of the first things we do after getting to know them and their financial situation is to create a financial plan.  If you listen to our radio show or watch our TV show, more often than not the conversation comes back to creating a financial plan.

So, what goes in to this financial plan anyway?  Well, one of the most impactful pieces of information that goes into this plan is the person’s net income goal in retirement.  The other, of course, is what age they want to retire.  When we ask people what their net income goal is, we frequently get a confused or glazed over look.  Oftentimes people have no idea how much they are spending or what they are spending it on!

Whether you are just starting on your financial journey or you are looking at retiring in the next few years, I believe it is crucial for everyone to have a budget.  The good news is there are many budgeting tools out there these days.

Personally, I like to use mint.com because it’s free, secure, links up to all of my accounts, and has a mobile app for my cell phone.  If you don’t have a budget, I would highly recommend you start one today.  Good luck, and let me know how I can help!

Justin Schultes

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Justin Schultes

Justin Schultes is originally from Templeton, IA and currently resides in Cedar Rapids, IA with his wife Katie and their daughter Paige. He graduated from Iowa State University in 2010 with a degree in Mechanical Engineering. Justin also attended the University of Iowa where he graduated in 2015 with a Masters of Business Administration (MBA). Justin currently holds his series 6, 63 and 65 licenses as well has his life & health insurance license. In his free time, Justin enjoys cycling, golf, sand volleyball, softball, skiing, traveling and spending time with family & friends.