How do you know if you can withstand a market downturn, substantial unexpected expenses, or income reduction in retirement? Those are all things that can cause a lot of financial stress, especially when you’re no longer receiving a paycheck in retirement. That’s why it’s so critical to have a forward-looking financial plan that has been stress tested through various economic conditions so you can get to and through retirement with clarity and confidence.
Dean Barber and Bud Kasper, CFP®, AIF® are going to help us explain how we go about stress testing someone’s plan. We’ll identify different types of risk that are important to plan for as you’re stress testing your financial plan and how to know if you have a successful plan.
00:00 – Introduction
01:32 – What Is Stress Testing?
07:30 – Stress Test for Higher Inflation
08:17 – Longevity Risk & Long-Term Care Risk
12:00 – Stress Test for Higher Taxes in the FUTURE
13:44 – Stress Testing to Stay on Track
17:27 – Roth Conversions
18:51 – What We Learned Today
Retirement Plan Checklist: https://bit.ly/3RtuueV
What Is a Monte Carlo Simulation?: https://bit.ly/3uEkDtv
Tax Rates Sunset in 2026 and Why That Matters: https://bit.ly/3R4Q2gh
Become a Rothaholic!: https://bit.ly/3taIfWh
Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k
What Is Longevity Risk and How Do You Plan for It?: https://youtu.be/OMoWFA7_NiE
The CFP® Professional and CPA Relationship: https://youtu.be/zxpfmN-xbrw?si=2X_6bGg6VWYg7qUQ
Financial Planning Tool: https://bit.ly/3GpxD94
Meet with Us: https://bit.ly/3Rsg4vB
Did you miss our previous article...
https://wealthvideos.club/Financial-Planning/how-to-get-better-at-budgeting