Prepare For Client Questions With The Inflation Checklist
Rising inflation: There’s no getting around this topic, and your clients are probably calling with questions. They want to know how it will affect their financial planning goals. After all, inflation affects many different areas of the financial plan, including living expenses, spending levels, income needs, and portfolio withdrawals and volatility.
This is your time to shine. Take some time to prepare for inflation questions with the “What Issues Should I Consider When Dealing With High Inflation” checklist. You’ll be set to lead your clients through the inflation conversation with calm and confidence.
What Does The Inflation Checklist Cover?
Rising inflation will affect many areas of a client’s financial plan. The inflation checklist helps you identify where there’s risk and sheds light on opportunities to improve your client’s situation.
Use the checklist to cover the following issues:
- The effect inflation may have on your client’s cash flow and budgeting.
- Inflation’s consequences for your client’s assets and the solutions that can mitigate the damage.
- Tax planning ideas that may be relevant to your client during inflationary periods.
- Miscellaneous areas that high inflation may affect.
Why Is The Inflation Checklist Relevant?
Unfortunately, most people take no action (or worse, make hasty decisions), which may hurt them in the long run. The “What Issues Should I Consider When Dealing With High Inflation” checklist can pave the way for better planning discussions and decision-making during an inflationary period. Additionally, the inflation checklist will help you guide your clients through often under-appreciated areas that inflation can affect, including:
- Personal spending.
- Budgeting.
- Assets.
- Taxes.
- Insurance.
- Elements of estate plans.
- And more.
Next Steps
The inflation checklist is available to all fpPathfinder members. Click here, download it, and begin the conversations to help your clients feel supported and in control during an uncertain time.
Not a member yet? We can help you with that. Visit the Become A Member page, learn about the Essentials, Deluxe, and Premier membership levels, and select the one that moves you closer to your goals. If you want a more personalized experience, register here for a live demonstration. The live demos allow you to learn from the fpPathfinder team and ask the questions on your mind.
