Creating and Implementing a Financial Plan (Webinar)

According to a study conducted by Schwab and several other financial outlets, less than 28% of Americans have a financial plan. With workers having to rely more on personal savings strategies then ever before, planning for retirement and other life goals is of the utmost importance.

On Sept. 20, 2023, Dave Herlihy, Senior Vice President of Wealth Management at Slavic401k, presented a webinar discussing the “what,” “why,” and “how” of creating a financial plan.

Download the slide deck and watch the webinar recording above.

Creating and Implementing a Financial Plan Webinar: Key Takeaways

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Approximately 66.7% of Americans have challenges navigating between spending and saving.
70% of Americans agree that their financial planning needs improvement.
42% of Americans seek financial guidance when they have an important financial decision to make such as buying a home or making saving and investing while 25% seek financial guidance when they encounter a financial crisis.
According to the 2021 Schwab Modern Wealth Survey, 42% of Americans feel they don’t have enough money to need a plan, 19% don’t feel they have enough time to make a plan, and 22% think it’s too complicated. In reality, everyone needs a plan and there is never a bad time to build one.
Building a financial plan allows you to gain clarity on your goals and achieve them, increase confidence, remain accountable, jumpstart your savings, stay in turn with your financial reality, worry less about money and stay organized with your finances.
A good financial plan consists of eight components:
- Understanding your net worth
- Identifying goals
- Budget and cash flow planning
- Debt management
- Creating a retirement plan
- Establishing an emergency fund
- Insurance coverage
- Estate Planning
Other key topics discussed in the webinar:
- Tips and best practices for creating a holistic plan
- How to incorporate the appropriate accounts
- Reviewing and tweaking your plan regularly
- Maximizing your financial preparedness
- Staying on track to achieve your financial goals

For more in-depth information on the topics above, as well as real-life examples, watch the webinar recording above.

401(k) Retirement

Slavic Integrated Administration

401(k) administration and record-keeping services.

Mutual Funds

Slavic Mutual Funds Management Corporation

Our advisory services arm, registered with the SEC.

Slavic Integrated Administration, Inc.
Boca Raton, FL

Slavic Integrated Administration, Inc.
1075 Broken Sound Parkway NW
Suite 100
Boca Raton, FL 33487-3540

Advisory services provided by Slavic Mutual Funds Management Corporation, an SEC-registered investment adviser. Registration does not imply a certain level of skill or training on the part of SMF or its representatives. Administration and record-keeping services are offered through Slavic Integrated Administration. Both entities are collectively referred to as “Slavic401k.”

No content published throughout this site should be considered by the reader to constitute any type of investment advice. It is not the intention of Slavic401k nor should the reader assume that any reference herein to any particular investment, asset mix, security, portfolio of securities, transaction or investment strategy should be construed as investment advice. To the extent any of the content published as part of the Services may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. No chart, graph, or other figure provided should be used to determine which securities to buy or sell. Any specific questions that you might have concerning your individual investment decisions should be addressed to your personal investment advisor. Moreover, nothing herein should be considered as legal or tax advice. If you have any questions or concerns relative thereto, you should consult a qualified professional.

For more details on Slavic Mutual Funds Management Corporation, see our About Us page. Past performance does not guarantee future results, and the likelihood of investment outcomes are hypothetical in nature. Neither diversification nor asset allocation ensure a profit or guarantee against a loss.

Creating and Implementing a Financial Plan (Webinar)