Financial Choices Matter

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Avoiding Critical Estate Planning Mistakes

There are some people who don’t care at all about leaving a financial legacy, but for those who do, it’s important to eliminate some of the common estate planning mistakes.

Show Notes:

0:56 - In The News: How the stock market might react to the result of the upcoming election

5:27 - Avoiding Critical Estate Planning Mistakes

5:43 - Mistake #1: Not Planning Your Expenses In Retirement

7:17 - Mistake #2: Beneficiary Designations

10:01 - Mistake #3: Not Considering The Tax Implications Of Your Estate

13:25 - Mailbag Question from Helen: "Are there really no tax implications to rolling over the 401 (k)?"

It’s Good To Have Awkward Conversations

Sometimes being a good financial advisor means having uncomfortable conversations. We’ll take a look at how advisors should help clients navigate various tricky situations.

Show Notes:

0:48 - Story Time: Tax Planning

3:48 - It's Good To Have Awkward Conversations

4:30 - Conversation #1: Death Of A Spouse

6:11 - Conversation #2: Nursing Home Care

8:50 - Conversation #3: Working Longer Than Expected

12:01 - Conversation #4: Legacy Planning

15:21 - Mailbag Question from Kevin: "My employer plans to stop matching 401k contributions..."

18:02 - Mailbag Question from Annie: "Most of my 401k is invested in company stock..."