6 Steps To Protect Your Finances In Retirement
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- Опубліковано 6 чер 2024
- As people age, their finances become more vulnerable. In this video we'll go through 6 steps that will ensure your finances stay protected as you go through retirement.
➡️Our financial planning services: www.parallelwealth.com/planning
If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to find a certified financial planner in your area or book a consultation with us to get your retirement plan on track. You can learn more about our services at www.parallelwealth.com/planning
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OUTLINE
0:00 - Intro
0:59 - Step One
2:25 - Step Two
4:05 - Step Three
6:00 - Step Four
6:53 - Step Five
9:54 - Step Six
This presentation is intended for information purposes only and does not constitute an offer to buy or sell our products or services nor is it intended as investment and/or financial advice on any subject matter. Every effort has been made to ensure the accuracy of its contents. Certain of the statements made may contain forward-looking statements, which involve known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Returns are not guaranteed and past performance may not be repeated.
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DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.
When both parents are alive it might be difficult talk about the future, but when there is only one parent left, I think it’s imperative. I was lucky that my dad and I could discuss financial topics, so upon his passing my Mom understood I could help her then understand. Finance is not a taboo subject. Young people could talk to older ones, and ask the questions of how they managed there life throughout there lives. As a grandpa I’m happy to help them , if not understand totally, to at least give them a basic knowledge to check further into.
Thanks Adam, plan and communicate everything. Will, poa is paramount but also a list of people to notify, a list of key persons. Doctors, lawyers, accountants,life insurance agents funeral directors just to name a few. Banksters business associates real-estate agents and church members. Also have a list of stuff you never wanted to talk about. We now have a book of secrets. Passwords and what that weird key is for. Planning not procrastinating. Ty Bill
Thanks Adam!! This video should be on repeat on your website! I spent 9 yrs in this industry assisting an advisor and this topic is the most frustrating for me. So many people don’t even understand the difference between a POA and a Will. Saving money is not all there is to retirement and your senior years. Keep educating people Adam , they need it! 😊
Thanks Linda - we put these out there to educate, so hopefully it's helping.
Thanks, so much. Knowledge is Wealth!
Wow..the timing of this is bang on. Last week I updated my will, and powers of attorney.
👍👍 My wife and I did ours yesterday. In our immediate families we lost four(yes four!) fathers and father in laws this past few months.
@@allanwalli2935 Sorry for your loss. You never know. Be prepared for life and the end of it.
I love your channel. Keep up the good work
Thank you!
Adam, can you make a video on Universal Life Insurance as part of Retirement Planning.
There just isn't anyone in my family I trust to give POA. Many family members have passed and the remaining ones have a lot of issues (additiction, mental illness, both) and I would not trust them. I just do not know what to do.
Adam, another great topic for a video would be in US dual citizens living in Canada…😢
Would love to get more information on a wealth transfer plan. My mom is almost 90 and she is thinking of moving some funds to her kids. She is thinking of gifts to her kids but she wants to make sure she still has enough. Her financial plan has sufficient funds up to age 100. So for now it is easy to determine how much she can afford to disburse based on the max age of 100. What happens when she is 92? Do you base her disbursements to the kids based on age 100 still OR plan for 10 years to 102 OR is there a way to use life expectancy percentages to better help with this. She wants to get as much money to her kids prior to her passing to reduce taxes at that point. Thoughts?
We have started passing on funds to our adult children. How do you know how they choose to use it? We have made suggestions like paying down mortgage. Can you put conditions on early inheritance gifts?
I’m 50 and I have about $200k liquid in savings which I plan to put towards becoming a homeowner, but based on the current high prices on real estate, do you suggest I hold from buying and look at dividend paying stocks instead?
Following
First to comment!
About what?
@@GT-tm1ft about the fact that the video was posted. That is all.