Good Financial Reads: Creating a Financial Plan

2 min read
May 17, 2019

Creating a Financial Plan

The Three Pillars of Adaptive Financial Planning

by Britton GregorySeaborn Financial, LLC

When people hear the phrase "financial plan", they imagine a black binder full of beautiful charts and graphs and recommendations...that they'll receive, admire, put on the shelf, and never look at again. Unfortunately, that's often quite literally what "financial planning" looks like.

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It's Not a Financial Plan Without Monte Carlo

by Britton GregorySeaborn Financial, LLC

Monte Carlo simulations are one of the cornerstones of what I call "adaptive financial planning". The idea is to keep you on track -- not to die rich, nor to die poor, but to live richly. By using Monte Carlo to project potential outcomes decades into the future, we can make small course corrections now to effect large changes over time.

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Is Your Financial Plan "Game of Thrones" Production Worthy?

by Chris Ladd, TriPrescient Financial Services, Inc.

I know what you’re thinking. How can creating a financial plan have anything to do with Game of Thrones? If you’re a fan, like me, of the thrilling HBO series, you know that the final season begins this month. I found myself thinking about it recently and looking forward to finding out what happens with Jon Snow, Daenerys Targaryen, the Starks, and the Lannisters. Don’t worry, I don’t have any inside knowledge on what happens in Season 8, so no spoiler alert necessary. Feel free to keep on reading.

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The Biggest Challenge in Creating Your Financial Plan: Finding Balance

by Eric Roberge, Beyond Your Hammock

It’s certainly not easy to find the perfect middle ground between saving and investing enough to secure your future goals while allowing yourself to spend enough to truly experience all the years in between now and then.

Most people tend to fall on one end of the spectrum or the other.

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When Should You Create—and Update—Your Financial Plan

by Jason Speciner, Financial Planning Fort Collins

What are your goals? Maybe you want to finally pay off those pesky student loans, are saving up for a down payment on a home, and are adding to your 401(k). While you might have a number in mind — $10,000 to go on the loans or a $60,000 down payment target, for example — how will you get from where you are to where you want to be?

It might be time to create a financial plan.

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Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.