The Best 5 Minute Financial Advice24 Jul 2020

10. Ten Questions To Assess Your Estate Plan - Greg Welborn

It’s important to assess the health of your estate plan. More often than not, people do not adequately prepare for estate planning and retirement. In order to make it easier, we compiled together 10 simple yes or no questions to help you assess your estate plan.

Does your family have a mission statement?
Can your heirs participate in decisions?
Do all your heirs have an option to participate in the management of the family assets?
Do all the heirs understand and want to fill that particular role?
Have your kids actually reviewed the estate plan?
Are you distributing your assets based on age or readiness?
Are you creating opportunities and incentives for your heirs?
Do the younger children participating in the family’s philanthropic decisions?
Does your family consider family unity to be as important as financial success?
Does your family communicate well and meet regularly to discuss major changes?

If you answered yes to 7 or more, you are doing great. If you answered yes to 4 – 6 of these, you are well on your way, but there are some holes that you need to review. And lastly, if you answered yes to 3 of less of these questions, that makes you normal. Most people don’t transition assets from one generation to the other successfully. Wherever you happen to be in this journey remember, completing the journey successfully means assessing first where you are and where you are starting from.

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Episoder(21)

23. Don't Run Out of Money - Greg Welborn

Life is full of things to worry about, and a surveys show that two-thirds of people are more afraid of running out of money in retirement than they are of actually dying. That may seem surprising, bu...

4 Des 20204min

22. College Planning and Financial Aid - Chris Siraganian

Parents and students all across the country continue to wonder how they are going to pay for college. Over the last thirty years, the cost of college has risen astronomically. Since 1987 we have had o...

20 Nov 20205min

21. How to Achieve Financial Security - Greg Welborn

Don't let retirement catch you off guard. Learn about the three common mistakes people make when calculating finances and how to avoid them.

13 Nov 20203min

20. DIY Your Finances - Danny Beckwith

Can you DIY your personal finances? By now, most of us are familiar with the term DIY or “do-it-yourself”. The idea behind DIY is essentially that anyone can figure out how to do something by spendin...

6 Nov 20203min

19. Can A Financial Advisor Really Help You? - Greg Welborn

Can A Financial Advisor Help You?Can a financial advisor help you in a meaningful way? The short answer is yes but, we do in fact have the data to back it up. In today’s Bench Talk, we’re going to dis...

23 Okt 20203min

18. Investment Checklist - Chris Siraganian

What is investing? We all hear about the great investors like Warren Buffett, Jack Bogle, and Benjamin Graham. Hollywood portrays these investors and the likes as shrewd investors who outsmarted the m...

9 Okt 20203min

17. Yogi Berra & Retirement Questions - Scott Sommers

The great Yogi Berra once said, “If you don’t know where you’re going, you will end up in a different place.” When planning for retirement, Yogi’s words are spot on. Today, instead of lecturing you on...

2 Okt 20203min

16. Is Your Advisor an Eeyore? - Greg Welborn

Sometimes our advisors can inhibit us from our financial goals. This week, Greg walks you through common mistakes that advisors make and how to find one that fits you.

18 Sep 20205min