Psychological Barriers: The Hidden Obstacles to Financial Success - with Alyson Burkett

Why is it important to establish an emergency fund in financial planning? Alyson Burkett is a distinguished financial planner with a profound commitment to guiding families through the complexities of retirement, a dedication she has pursued since 2009. Holding prestigious designations such as the Chartered Retirement Planning Counselor and Certified Financial Planner, Alyson leverages her expertise to cater specifically to the financial needs of women, who often face unique challenges like career transitions and longer lifespans. As secretary of the Atlanta chapter of Women in Financial Services, she advocates for tailored financial strategies that address these distinct challenges, especially in the Southern United States. Inspired by her family's legacy of financial prudence and altruism, Alyson emphasizes the importance of creating generational wealth and charitable giving, while also stressing the need for comprehensive estate planning and preparation for unforeseen events to ensure financial security and relief for future generations. Key Takeaways Financial planning is more about habits and psychology than just saving money. Women face unique challenges in achieving financial security due to factors like career breaks and higher health expenses. Legacy planning involves estate planning, preparing for family provisions, and leaving a lasting financial impact. Creating an emergency fund and having basic estate planning documents are crucial steps for beginners in financial planning. Alyson Burkett emphasizes the importance of confirming beneficiaries and asset ownership for streamlined legacy planning. Thorough planning and documentation are essential in estate management to secure a financial future and leave a lasting legacy. Connect with Alyson Burkett: https://www.linkedin.com/in/alysonburkett https://21goatsfp.com/ Connect with Mike Bascom: https://bascomlaw.com/ https://www.linkedin.com/in/mikebascom/