On June 17th, PenFed Wealth Management hosted part 2 of their Financial Planning webinar series for agents. Special guest Nick Defenthaler, a nationally recognized financial planner from the Center for Financial Planning, provided his expert advise on how to successfully navigate the complexities of the financial market during COVID-19.
Nick spoke about developing a financial plan in the way most think about building a new home:
- Pouring a foundation
- Cash flow evaluation, emergency funds, estate planning
- Framing the house
- 401k investment and retirement income planning
- Furnishing and decorating the house
- Remaining focused and positive during times of uncertainty
Nick explained pro tips including a helpful budgeting rule, comparing your current financial statements with pre-COVID statements, taking advantage of low interest rates and being proactive with your bank and credit card companies.
You can see the full recording of the webinar below: