Fran Walsh
@FranWalsh73
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Building a RIA, Talking about finance & fitness: Co-Founder @OpulusLLC ⚡️ | Top 100 Advisor @Investopedia 💰| Be The Best You | Opulus Method 👇🏼 | Not advice
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Only 31% of Americans have a written financial plan. That means 69% are guessing. Including high earners & smart people. Here’s why “just save more” isn’t a plan - and what to do instead ↓.
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That's a wrap! . Hope isn't a strategy, Plan with a purpose. 1. Follow me @FranWalsh73 for more of these.2. RT the tweet below to share this thread with your audience. Disclaimer; This thread is for educational purposes only. The contents expressed are my thoughts alone. You.
Only 31% of Americans have a written financial plan. That means 69% are guessing. Including high earners & smart people. Here’s why “just save more” isn’t a plan - and what to do instead ↓.
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TL;DR - Saving Isn’t a Strategy:.- Only 31% of Americans have a written financial plan.- “Save more” is a great habit, but not a complete system.- A real plan connects goals, numbers, and timelines.- Want clarity? Start with: What am I solving for?.
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Because here’s the truth:. A high income without a plan = high potential with low control. You might feel like you’re doing well…. …but without targets, you're just busy - not effective.
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Most people just save and hope. That’s not a strategy.That’s stress with extra steps. If you want peace of mind, you need a system that shows you:.- Where you stand.- Where you’re headed.- What to do next.
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The 3 questions every high earner should ask:. 1. What am I solving for?.Early retirement? Flexibility? A second home? College?. 2. Is my current path on track to fund that?.Use real numbers. Not vibes. 3. What needs to change if I’m not on pace?.Adjust savings rate, timeline,.
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Here’s what a plan does that saving alone doesn’t:. - Maps out where every dollar should go.- Connects your savings rate to actual goals.- Tests for inflation, taxes, and timeline.- Creates flexibility for future changes.- Makes the whole system feel intentional - not reactive.
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The second person knows:.- What they’re working toward.- How close they are.- What tradeoffs they’re making.
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“I’m saving 20% of my income.”.→ Good habit. “I’m saving 20% to become work-optional by 45, cover college for 2 kids, and retire with $15K/month in spending power.”.→ Real plan.
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Most people assume if they save “enough,” things will work out. But even disciplined savers fall short if they lack a real strategy. Because saving is just the input. A plan is what turns it into an outcome. Here’s the difference:.
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RT @ryanOpulus: Biggest lie about PMI:. "Your bank will tell you when your home's appreciation qualifies you for early removal.". Why would….
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RT @ryanOpulus: Retirement tax strategy most advisors never mention:. Married couples can earn $126,700 tax-free annually ($30k standard de….
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That's a wrap! . Build a plan that works whether taxes change, markets dip, or life takes an unexpected turn. 1. Follow me @FranWalsh73 for more of these.2. RT the tweet below to share this thread with your audience. Disclaimer; This thread is for educational purposes only. The.
Most people think their 401(k) is all they need for retirement. Spoiler: It’s usually not even close. Here’s the truth about why retirement planning is broken - and how to fix it to bulletproof your future (with real numbers): ↓.
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TL;DR - Your Retirement Plan Needs More Than a 401(k):.- Max your 401(k) match (free money).- Contribute to a Roth IRA (or use the backdoor if needed).- Use a brokerage account for extra flexibility.- Grow your HSA for future healthcare costs.- Plan Withdrawals around taxes &.
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Retirement planning isn’t one-size-fits-all. The 401(k) is a solid start - but real retirement plans layer multiple tools:.- Tax diversification.- Flexible accounts.- Inflation awareness.- Smart withdrawal strategies.
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Plan for longevity. Many people will spend 30+ years in retirement. You may need:.- A sustainable withdrawal plan.- Income.- Growth to keep pace with your timeline. Retirement isn’t a finish line - it’s a multi-decade phase.
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Don’t ignore Social Security - but don’t depend on it either. - Avg monthly benefit (2025): ~$1,850.- Delay until age 70 = 76% higher benefit vs claiming at 62. It’s a useful piece of the puzzle, not the whole plan.
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Inflation is a retirement killer. - At 3% inflation, $100,000 today = ~$55,000 in 20 years.- At 4%, it drops to ~$45,000. If your plan doesn’t include inflation-adjusted withdrawals, you’ll fall behind.
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Pro tip: Pay medical expenses out of pocket now, let the HSA grow. Think of it as a stealth retirement account for future health costs.
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HSAs = Triple tax win. - Contributions are pre-tax.- Growth is tax-free.- Withdrawals are tax-free for qualified medical expenses. In 2025:.→ Family limit = $8,550.→ $8,550/year for 20 years at 8% = ~$420,000 (tax-free if used for healthcare).
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