Summary In this conversation, Mark Struthers discusses the importance of financial planning, particularly focusing on cash flow management as individuals approach retirement. He emphasizes the need for tracking expenses, understanding investments, and aligning financial goals with life stages to ensure a healthy and wealthy retirement. Struthers provides insights into the complexities of retirement planning, including the impact of inflation on pensions and the necessity of proactive financial management. Takeaways Everyone should have a financial plan, ideally 7-10 years out. Cash flow is central to retirement planning. Tracking expenses is the first step in financial planning. Understanding your desired lifestyle is crucial for cash flow management. Inflation can significantly impact pension purchasing power over time. Start planning early to avoid feeling rushed later on. Consider strategic debt management in retirement planning. Align your financial planning with your current life stage. Automate investments to simplify financial management. Professional help can enhance confidence in financial decisions. Sound Bites “Start thinking about financial planning.” “Don’t beat yourself up, just track.” “It’s about making an informed decision.” Chapters 00:00 Introduction to Cash Flow Planning 02:38 Understanding the Importance of Cash Flow 05:27 Transitioning to Retirement: Key Considerations 08:09 Strategic Financial Planning for Retirement 10:43 Aligning Life Goals with Financial Planning Disclosure: Investment advisory services are offered through Sona Financial LLC (DBA Sona Wealth Advisors, Sona Wealth, Sona Wealth Management), an investment adviser registered in the state of MN. Sona Financial only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure and document. This video or article is for educational purposes only and is not exhaustive. Nothing discussed during this show/episode should be viewed as investment advice. Diversification and/or any strategy that may be discussed does not guarantee against investment losses but is intended to help manage risk and return. If applicable, historical discussions and/or opinions are not predictive of future events. The content is presented in good faith and has been drawn from sources believed to be reliable. The content is not intended to be legal, tax, or financial advice. Please consult a legal, tax, or financial professional for information specific to your individual situation. This content has not been reviewed by FINRA