So, you may consider yourself the non-monied party—maybe you’re just not interested in the finances or feel overwhelmed every time the topic of money comes up. Where do you even start? Consider this: ? What is it that you want your money to do for you? ? Are your children prepared to inherit and handle receiving your assets? ? Do you want to leave a legacy? ? What does that look like? I encourage you to start thinking about these questions and jot down your thoughts, wishes, and wants!
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Navigating Finance for Divorcee’s, Widows and Retirees. Developing strategies to conquer life‘s uncertainties and capitalize on its opportunities. CFP?? Practitioner
The set of questions below highlights conversations that MUST take place with your financial planner. Talk about your financial legacy with your family. Get your children involved in planning. Work with your advisor to ensure your assets are meeting your generational intentions. Help your children maximize their wealth by planning WITH them, not just for them.
Advice-only financial planner and educator passionate about empowering DIY investors and changing the public perception of financial planning - learn with us at Measure Twice Planners!
If your children inherited money from you upon death: 1. How would you like the funds to be used? Is there any spending or giving you would encourage or disapprove of? 2. How would you like the funds to be perceived? Would they perceive the inheritance as a gift or as "not their money?" These are challenging but important conversations to have as a family; expectations are hard to meet when they aren't set.
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Thinking about saving for your child's future? Allocating money into different pots can really help create discipline and help you plan for the future. It also sends a positive message to your children about getting into good money habits early in life:?https://lnkd.in/etXAtBTe #FinancialHabits #FundingChildren
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Teach your children about money by encouraging them to start saving early. This important skill will serve them well as they grow older. https://st8.fm/3UkQhFQ
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Concerned about how to raise your kids with money? Here are 5 tips to help your children manage wealth with respect and responsibility. https://lnkd.in/gJzrXgXn
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If you're a grandparent, we know you want to support your grandchildren however you can. Starting a savings plan for your grandchildren can be a great way to help them when they need a little extra as they grow into adulthood. Here’s how you can start saving money for your grandchildren and some of the best ways to do it. https://bit.ly/4bUCeOk #JuniorISA #Savings #SavingForGrandchildren #AlwaysWorkingWithYou
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We Help YOU Retire with Confidence! | Executive Director, Branch Manager at Huffman Mayer Wealth Management Group of Wells Fargo Advisors
"If my kids knew how much money I had, they would put me in a nursing home..." In most of our clients' lives, there becomes a time when they could use some help from their family. Retired clients grew up in a world where you didn't talk about money at the dinner table. Money seems to be an extremely private topic and they don't want anyone to know about their assets, including their children. Eventually they change their mind, and this latest video discusses that transition. If you have questions, we have answers. Click on the link below to schedule a time: 20minuteaskmeanything.com
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Do you worry about how your children spend their money? What about how they spend YOUR money? As a parent, your top priority is likely ensuring that your children are well provided for, both now and in the future. One effective tool for achieving these goals is a revocable living trust, which allows you to control how your assets are distributed after your passing. While there are many ways to structure a trust, one option worth considering is a staggered distribution plan. In this blog post, we'll take a closer look at what this means and why it might be the right choice for your family. https://bit.ly/3xyIX1E #revocabletrust #livingtrust #estateplanning
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Families Handling Estate Plans: Check out the post by Mr. Wonderful today wherein he explains he's not giving money to his kids even though he is really able to provided for them. Families may handle their estate distributions by using "vales-based" distributions, such as graduating college, starting a business or other values important to the Grantor, instead of the typical "age-based" distributions which would occur as they reach certain ages. This guidance could create more lasting success for our country and your family. #estateplanning #wealthmanagement #livingtrust #professionaldevelopment
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President & Chief Wealth Strategist @ Anderson Financial Strategies | Adjunct Professor - Estate Planning | President @ CFA Society Dayton | Forbes Finance Council Member
Concerned about how to raise your kids with money? Here are 5 tips to help your children manage wealth with respect and responsibility. https://lnkd.in/g2NGiyhT
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?Struggling to teach your kids about MONEY? What if shared the best resources I found that talks about this extremely important subject. ?“We used to be very cautious about spending our pocket money, unlike your generation!” Are these some of the common conversations in your house? If you are nodding along we are sure you are reading the right thing.. . Among the many people who wonder if we are raising a generation of entitled kids, I am one too. Ofcourse they can enjoy, I want them to- but how do we balance out gratitude, understanding need vs want and the concept of saving for a rainy day?! .? ?Write MONEY and make sure you get these tips on how to talk about saving, money, compounding with your children early on. . . . #money #moneymaker #moneymanagement #moneymanagementtips #financialliteracy #financialeducation
