Life's Big Transitions & Your Money: Retirement Planning, Career Pivots & End-of-Life Care

I believe that everyone would benefit from a proper financial plan, one that includes your goals, that makes some assumptions about, you know, when you're going to retire, when you're going to die, what's going to happen on the markets, et cetera, and brings that all together so that you have a map for your future.

So I believe everyone should have one.

And yet the number is quite low.

It's very rare for people to have a proper financial plan.

There are a number of online tools out there that can augment what you might do with a certified financial planner.

Maybe you do it on your own.

And we're going to talk about one of those online platforms today.

It's called Advice, spelled with two I's.

And its founder, CEO of the organization, Owen Winklemullen, joins us now to talk about it.

Hello there.

Great.

Yeah.

Hi, Bruce.

Thanks for having me.

It is my pleasure.

So you come to this tech world as a certified financial planner.

So you've been doing advice only plans.

What was the genesis of the advice platform? How did it come to be?

That's a great question.

I mean, one of the challenges with advice-only financial planning is it does take quite a bit of time.

So as an advice-only planner, there's only a certain amount of people I can work with in a given year.

It does make it a little bit more costly, the amount of time that we spend with each client.

And yet our desire is to work with as many people as we can, help as many people as we can.

And so really the platform came from that desire.

We wanted to do more financial planning, more retirement planning, and we wanted to experiment with this idea of one to many planning so that we could support instead of maybe doing 100 financial plans, retirement plans a year, could we do 1,000, 10,000, 100,000? So how do we scale up financial planning to more people?