In this new episode of How to Help Mom, we are joined by Melissa Pilzner and Ryan Cohen from Making Investing Personal to share the valuable insights about the finances, budgeting, and different things in those realms. They will also share how they can help you build a good nest egg so you can start retiring and relaxing and the value of working with financial professionals to ensure a comfortable retirement and help set individuals on a good financial pathway. Overall, the emphasis is on empowering individuals and families to take control of their financial well-being and make choices that align with their goals and values.

“The point is that you want to see it through and play all nine innings or however many it would go and that the idea is you want to stick with your plan and give it time to work. Because, well, constancy people say Oh, I tried that for three weeks or a month or two. But a lot of strategies are not built for that short of a timeframe. And you really need to give yourself a long time period to  really see it through before making an analysis on if it worked or not. Because things are always changing, and environment. And we really believe that people that do the best that we've seen are the ones that don't let their emotions control or dictate a situation and that they hold firm with their plan ongoing.” - Melissa Pilzner

Highlights of the episode:

• What does it look like when you’re getting ready for retirement? What is the process like? How to get started with a family financial plan.

• What does retirement planning look like post-retirement? How do you make decisions? Budgeting is a key element of retirement planning.

• What happens if you don’t have everything organized? What are the options? Emergency situations where someone didn't plan well and how to plan for an elderly parent.

• What is the best way to pass things along? What to do when leaving assets to younger children.

• How to Segment Your Retirement Plan. General ways to segment retirement planning.

• When a person passes away, it’s important to have a conversation with their heirs. The importance of fully communicating with heirs.

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