There’s clear evidence that the best way to achieve your financial goals is by starting with a plan. Unfortunately, the majority of people do not have a written plan. Why is that? In this episode, Mark Riepe and guest Jullie Strippoli discuss strategies to overcome some of the common mental barriers to getting started with a plan.
• Read more about Schwab’s Modern Wealth Survey ( , which includes surprising results such as how millennials are in many cases more focused on saving, investing and financial planning than older generations.
• The study “Wealth Accumulation and the Propensity to Plan ( ” shows that similar households often end up with different levels of wealth because of the varying attitudes and skills with which they approach financial planning.
• Choiceology ( host Katy Milkman contributed to research about how prompting people to plan ( can improve follow-through on important tasks.
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Important Disclosures:
The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.
All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.
Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.
Investing involves risk, including loss of principal.
Diversification and rebalancing of a portfolio cannot assure a profit or protect against a loss in any given market environment. Rebalancing may cause investors to incur transaction costs and, when rebalancing a non-retirement account, taxable events may be created that may affect your tax liability.
This information does not constitute and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, or investment manager.
Roth IRA contributions are made with after-tax dollars and qualified withdrawals of income are tax-free for those 59 ½ or older for accounts that have been open for five or more years.
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