The PrairieFire Podcast
The PrairieFire Podcast is designed to explore the financial and emotional issues of life's second half. From paying for college to dealing with aging parents, empty nesting, navigating careers, dealing with taxes, and getting ready for retirement, we share experiences, ideas, and a platform to celebrate what we believe is one of the most exciting periods of your life.
Registered Representative of Sanctuary Securities Inc. and Investment Advisor Representative of Sanctuary Advisors, LLC. Securities offered through Sanctuary Securities, Inc., Member. SIPC. Advisory services offered through Sanctuary Advisor, LLC., an SEC Registered Investment Advisor. PrairieFire Wealth Planning is a DBA of Sanctuary Securities, Inc. and Sanctuary Advisors, LLC.
The PrairieFire Podcast
#5 - 5 Financial Blindspots to Avoid this Year
Is your financial plan ready for life after the kids move out? In this episode, we explore the often-overlooked aspects of the second half of life. We’ll discuss why it’s essential to reassess your finances, including taxes, investments, and budgeting as an empty nester. Learn how shifting your focus from providing for your family to fulfilling your dreams can open up exciting new possibilities. We’ll also highlight the importance of re-evaluating insurance policies and helping your grown children become financially independent. Join us for a wealth of practical tips and inspiring stories to make the most of this stage in life.
Episode highlights:
(1:39) Trying new things
(2:53) Taxes, asset location, and investment strategies
(5:12) Budget adjustments
(7:19) Don’t wait on dreams
(9:36) Re-evaluating life insurance needs
(12:08) Gradual financial independence for adult children
(14:28) Outro and disclaimer
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I’d love to hear from you; here are some ways to connect:
Web: https://www.prairiefirewealth.com/
Email: info@pfwplanning.com
Get a copy of my book: Empty Nest, Full Pockets: How to Emotionally and Financially Prepare for Your Family’s Future at https://amzn.to/3PovUWM
