Episode 17:6 Robert Krueger on strategic financial planning as we age

Robert Krueger, CPA, PFS, Senior Principal at Alexander Randolph, provides insights on the importance of financial planning at every stage of life, how to reframe “retirement,” and the benefits of financial transparency with loved ones.

About Robert

Rob began his career in financial planning by first obtaining his CPA license and working for KPMG for over 7 years, during which time he rose to the level of senior tax manager and advised clients on various tax matters. From there he started his own tax and advisory company, working with individuals and small businesses and helping his clients with tax planning and financial resource management. In 2000, he merged his firm with Alexander Randolph Inc, a financial services company located in Northern Virginia, expanding his services by offering investment and wealth management, along with comprehensive financial planning.

Rob received his Personal Financial Specialist (PFS) designation in 2006 and continues to work with individuals in need of financial planning and wealth management services. His focus is on clients who are nearing retirement or have already moved into this next stage of life, helping them manage their investments so that they can feel financially confident and truly enjoy their lives.

Key Takeaways

• Financial planning is a wholistic approach that encompasses investment management, insurance, and estate planning.
• Financial planning is important at all stages of life. In each decade, the priorities of financial planning shift, not just for those about to retire.  
• Avoid fixating on “the number”—the amount of money you’ll have when you retire. People should think about what they want to do – and what kind of life they want to live – and only then determine what they’ll need financially to support that lifestyle.
• Effective communication about finances with your loved ones is part of aging well. Talking about money can be uncomfortable, but having financial transparency helps your loved ones honor your wishes and support you in the best way.