Multi-Generational Financial Planning (Part 3)
Manage episode 300886078 series 2864884
Show Intro (00:27)
How to get started gifting money to your kids (1:34)
- Making this process as open or private as it needs to be, controlling the pace of taxes, and getting money out of your estate
- Building in layers of privacy and setting up your children for success
Working with a financial planner (10:37)
- Creating a long-term plan and ensuring your financial planner connects and communicates well with your children.
- Recognizing the financial industry’s conflict with multi-generational planning
Making this process easy (17:16)
- Recognizing who you are dealing with – the difference between fee-only planners, fee-based advisors, and brokers
- Coordinating your efforts, taking your time, and making this process fun (no lecturing or judging your kids)
- Allowing your kids to make decisions and learning to partner with them
______________________________________________________________
Looking for additional content that can help you get the most from your life? Check out Unleashing Leadership with Travis Maus, premium bonus content from Ditch the Suits Fans, at https://unleashingleadership.buzzsprout.com/
Thanks to our sponsor, S.E.E.D. Planning Group! S.E.E.D. is a fee-only financial planning firm with a fiduciary obligation to put your best interest first. Schedule your free discovery meeting at www.seedpg.com
Ditch the Suits is produced by NQR Media. NQR also produces the One Big Thing Podcast with Steve Campbell.
You can watch all episodes, as well as other great content produced by NQR Media through their YouTube channel at https://youtube.com/@NQRMedia
📧 For more information or to get in touch with us, visit https://www.ditchthesuits.com/ or email us at info@ditchthesuits.com
👍🏼 You can also follow us on Facebook, Instagram and Twitter at @nqrmedia
⭐⭐⭐⭐⭐ We'd also love for you to subscribe to this podcast and leave a 5-star rating and review
114 פרקים