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Ben Hoeger on the Power of Financial Preparedness

  1. Ben Hoeger on the Power of Financial Preparedness Carol Ventresca and Brett Johnson 56:44

Ben Hoeger, Director, Private Wealth Management – Baird, shares valuable advice on building a strong financial foundation.

Hoeger stresses the critical role of referrals in selecting reliable financial advisors and advocates for a meaningful, almost friendly relationship with them for a successful long-term partnership.

We discuss the shift from reliance on pensions and social security to individual responsibility for Retirement savings. Plus, start financially sound habits early, especially for those within the gig economy.

Our conversation touches on the need for purpose-driven financial planning and the dynamic nature of managing one’s finances as life evolves. Retirement planning should focus on the context of one’s life goals, encouraging listeners to find their purpose that can steer financial decisions.

Top Takeaways

**Referrals for Trustworthy Advisors**: Start your search for financial advisors by asking for referrals from friends, family, and colleagues.

**Relationships Matter**: Aim to build a close, friendship-like relationship to foster long-term collaboration and tailored advice.

**Continuous Financial Education**: Engage in continuous learning and self-advocacy to maintain confidence in your financial decisions.

**Understanding Personal Financial Purpose**: Recognize that understanding your unique financial purpose is key to making smart money choices that align with your personal values and long-term aspirations.

**The Need for Flexibility in Retirement Planning**: Plan for Retirement with flexibility, acknowledging the uncertainty of future costs, potential health issues, and the evolving nature of personal circumstances.

Memorable Moments

06:33 Start preparing early, plan prevents detours.

09:40 Creating a financial plan adds structure to life.

17:18 Planning for financial independence and long-term goals.

20:39 Importance of purpose, vision, and focus.

32:30 Personal Retirement responsibility, start good habits early.

35:03 Retirement dynamics shifting due to changing employment.

40:49 Discussing financial planning for Retirement and taxes.

42:08 Diversification in investments and taxes for Retirement.

45:08 Maximize tax savings through strategic investment planning.

51:36 Utilize your network for trustworthy CPAs and attorneys.

We would love to hear from you.

Give us your feedback, or suggest a topic, by leaving us a voice message.

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And of course, everything can be found on our website, Looking Forward Our Way.

Recorded in Studio C at 511 Studios. A production of Circle270Media Podcast Consultants.

Copyright 2024 Carol Ventresca and Brett Johnson

Brett Johnson and Carol Ventresca Looking Forward Our Way Podcast

The Looking Forward Our Way Podcast is co-hosted by Dr. Carol Ventresca, a recently retired Encore Careerist, who is expanding her horizons through a variety of opportunities. And Brett Johnson, owner of Circle270Media Podcast Consultants. He works with entrepreneurs, businesses, brands, and non-profits to plan, launch, produce, and implement podcasts into their marketing strategies. And he's affectionately known to his podcast clients as "My Podcast Guy."

Carol and Brett have been working together co-hosting this podcast, now in its "encore career," since 2017.

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