Aug 3, 2021
What are the basic fundamentals of financial planning? What is the foundation of a good, solid financial plan? The answer is simple: it’s risk management. However, risk management isn’t just about money management and your exposure to the market–it goes far deeper than that.
Joining me to talk about this are Jason Newcomer and Darren Newell. Jason is a Certified Financial Planner and the Director of Centralized Finance Planning at Barber Financial Group, and Darren is an insurance agent at Midwest Professional Insurance.
In today’s conversation, we talk about how to view risk management across different age ranges, how financial advisors and insurance agents often fail to help their clients mitigate risk, and how to take a holistic look at your risk exposure and best protect yourself right now.
In this podcast interview, you’ll learn:
- Why risk management is much more than just assessing risk in your portfolio and downturns in the stock market.
- Why so many people discover they’re underinsured or have the wrong insurance when something bad happens.
- What it means to have captive insurance coverage–and how a bad agent can convince you to insure assets that don’t really exist.
- How retirees partaking in the gig economy create additional risk–and how to protect against it.
- Why insurance companies so aggressively look for fraud.
Get Today's Show Notes
To get a full recap of today's conversation, including the biggest takeaways, transcripts, and links to all the resources mentioned, visit GuidedRetirementShow.com/47
Learn More about Retirement Planning
Find out more about retirement planning and Barber Financial Group, by visiting BarberFinancialGroup.com