The Setup:

The first quarter of 2020 was enough to make anyone reevaluate their finances but with so much information out there, what should you believe? Regardless of where you are in the retirement planning process, there are five financial truths that you can always rely on. We’ll share those on this episode.

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Click the timestamps below to skip to a specific topic in the episode.

The Combination and Key Points: 

The start to 2020 has been a financial challenge for many people as the market crashed out of fear of the coronavirus outbreak. Not only did it drop more than 30% but it all happened in only a few weeks.

Now that we’ve had a little time to determine to process everything, it’s time to be evaluating your portfolio and find out what adjustments need to be made. Whether you have a financial plan or not, there are always steps that can be taken to position you in a positive way for the future.

On this episode of Unlocking Your Financial Future, we want to discuss the financial truths that will always hold up. It doesn’t matter if we’re in the middle of a decade-long bull market or in the middle of a health crisis, these truths can help guide your planning in good times and bad. By preparing for any outcome, your portfolio will always be protected.

That’s why financial planning is so important to your future. The goal isn’t to make a bunch of money. It’s about protecting your assets and growing towards preferred outcome. Following these five financial truths will help you do that.

We’ll close out these episode by laying out our LOCK process and how we use that to help you build a successful plan that fits your specific goals and needs. You can always find out more about that on our website.

Thanks for listening to another episode of Unlocking Your Financial Future. We’ll talk to you again next week!

0:53 – How is Ben and the family handling quarantine?

2:32 – Today we’re talking financial truths and we’ll begin with this: TV can be your biggest enemy.

4:06 – Second truth: Emotions will rarely be your friend when making decisions.

6:07 – Third truth: The market will always move in cycles.

7:22 – Fourth truth: You aren’t as risk tolerant as you believe you are.

8:52 – Fifth truth: There’s no magic bullet in retirement planning. 

10:02 – How we utilize the L.O.C.K process to build a plan.


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