970
Downloads
30
Episodes
Well Balanced | Financial Planning, Bucket-Based Investing, Market Perspective, Wealth Management. A passionate and entertaining look at money and investing in and for retirement. For those that enjoy podcasts like Smart Money, On Investing, and BiggerPockets, Well Balanced is worth adding to your feed. Disclosures about our firm and this podcast. Vector Wealth Management is registered as an investment adviser with the Securities Exchange Commission (SEC). Registration as an investment adviser does not constitute an endorsement of the firm by securities regulators nor does it indicate that the adviser has attained a particular level of skill or ability. A copy of Vector’s current written disclosure brochure filed with the SEC discusses among other things, Vector’s business practices, services, and fees, and is available through the SEC’s website at: www.adviserinfo.sec.gov. All content in this podcast is for information purposes. Opinions expressed herein are solely those of Vector Wealth Management, our staff, and guests. Material presented is believed to be from reliable sources, however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed directly and in detail with your financial advisor prior to implementation. This podcast and related content are not intended to render personalized investment advice, nor should it be viewed as an offer to buy or sell, or a solicitation of any offer to buy or sell the securities or strategies discussed. Please note that neither Vector Wealth Management nor any of its agents give legal or tax advice. The firm is not engaged in the practice of law or accounting. Charts, graphs, and returns do not represent the performance of Vector Wealth Management or any of its advisory clients. Returns do not reflect the impact that advisory fees and other expenses would on the results. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for a client’s portfolio. All investment strategies have the potential for profit or loss. Past performance is not indicative of future performance. Visit vectorwealth.com/regulatory for the firms form CRS and ADV.
Episodes
Friday Aug 02, 2024
Friday Aug 02, 2024
We are excited to share the latest conversation in our intra-generational wealth transfer series. In this episode, Chris Wagner, one of Vector's knowledgeable wealth advisors, shares financial planning insights to help ensure your financial legacy.
Learn how to use different financial planning tools to avoid probate, set wealth transfer conditions, and honor your wishes. We discuss beneficiary designations, the roles of wills and trusts, and trust administration. Chris says, for some families, establishing beneficiary designations can solve a majority of the estate planning and it doesn't cost anything.
One of our roles at Vector is to keep you and your heirs informed and on track with your financial planning goals. Each family situation is unique so we believe a case-by-case review is appropriate.
Listen to this entire episode or replay specific sections.
Section Titles and Times
Wealth Transfer and Financial Planning
- Learn about how wills and trusts complement each other to streamline asset transfer and avoid probate.
- Start: 00:03
Beneficiary Designations vs. Wills
- Beneficiary designations on accounts supersede instructions in a will. For many families, setting and periodically reviewing designations is an excellent foundation.
- Start: 00:49
Trust Types and Uses
- Exploring different types of trusts (revocable, irrevocable, dynasty, charitable, special needs) and their purposes in estate planning.
- Start: 06:31
Trust Administration
- Choosing a trustworthy trust administrator, including the option of corporate trustees like Schwab.
- Start: 09:02
Financial Advisor's Role
- Talk with your advisor to understand the nuances of trusts, wills, and beneficiaries to ensure alignment with your overall financial goals.
- Start: 10:49
Case-by-Case Planning
- Financial planning requirements vary based on individual needs and goals, requiring personalized strategies. Start by asking why.
- Start: 11:09
Comments (0)
To leave or reply to comments, please download free Podbean or
No Comments
To leave or reply to comments,
please download free Podbean App.