1. The Fed Meeting, A Big Week In Earnings, & A Surprising Job Number 2. How Do You Exercise Your Brain? 3. Maintain Your Lifestyle In Retirement 4. Know And Plan Your Cash Flow 5. Ask Us A Question! 6. “The way to get started is to quit talking and begin doing…” 7. What Happens During A Portfolio Review?

A strong jobs report could throw a wrench into the Fed’s plan to slow growth, with unemployment at a 50 year low. What does that mean for the Fed’s job and when is the much-anticipated recession? Unique market circumstances could lead to unique historical outcomes. Annex Wealth Management’s Dave Spano and Derek Felske discuss.

Last week we asked you the different ways you keep your brain active in retirement. 

Radio host Danny Clayton and Director of Client Learning and Development Deanne Phillips, CFP®, CDFA®, ABFPsm took your responses and discussed brain productivity in retirement.  

Listen to their discussion below! 



Know And Plan Your Cash Flow

Cash flow planning is critical in preparing for retirement – especially as you get closer to your actual retirement date. As retirement nears, it becomes critical to have a clear understanding of your monthly and annual cash inflows and outflows so that you can make informed decisions about your spending habits, investment strategies, and other financial planning matters.  

Additionally, cash flow planning allows you to project your future income and expenses and identify any potential shortfalls or surpluses that need to be addressed. You often gain a viewpoint crucial for ensuring you have enough money to sustain your lifestyle in retirement and avoid running out of funds.

Here are some tips for getting started with cash flow planning: 

  1. Keep track of your spending: A key aspect of cash flow planning is keeping track of your spending, which includes tracking all your expenses, such as travel, groceries, entertainment, and transportation. With this information, you can determine your monthly spending patterns and identify areas where you can cut back. 
  2. Set financial goals: Another important aspect of cash flow planning is setting financial goals – both large and small. Your goals could include paying off debt or saving for retirement. By setting financial goals, you have a clear direction for your finances and can make informed decisions about your spending and saving habits. 
  3. Manage debt: Debt can be a major roadblock in reaching your financial goals. Cash flow planning helps you manage debt by creating a budget that takes into account your income, expenses, and debt repayment. By making debt repayment a priority, you can work towards becoming debt-free and improving your overall financial health. 
  4. Prepare for unexpected events: Unexpected events, such as a job loss or medical emergency, can disrupt your financial stability. Cash flow planning helps you prepare for these events by ensuring that you have an emergency fund set aside for such contingencies. By having an emergency fund, you can stay afloat during difficult times and avoid falling into debt. 
  5. Improve your financial well-being: Cash flow planning is not just about managing money, it is about improving your overall financial well-being. By gaining an honest viewpoint of your finances, you could reduce stress and anxiety and build peace of mind knowing that your financial future is secure. 

Financial planning sometimes looks like a list of obvious tasks. But sometimes, we don’t want to be honest with ourselves about our habits and spending. “Obvious” may be hard to confront.  

Cash flow planning is built to provide a vantage point you may have missed through the years, as you toiled to save. It’s easy to lose sight of why you do things, and what it means to your overall plan.  

If you need help getting started, or would like insight on your cash flow planning, let the team at Annex know or find an advisor you can trust.