Do You Need to Update Beneficiaries After Getting Remarried

Money Wisdom

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<div class="span index">1</div> <span><a class="" data-remote="true" data-type="html" href="/series/the-vanished">The Vanished</a></span>

1
The Vanished

구독 취소

5 weeks 전5w ago

구독 취소

매달

Join us on a journey into the perplexing world of disappearances, where individuals vanish without a trace, leaving behind a void filled with questions and speculation.

약 1년 전 8:06

MP3•에피소드 홈

In this episode of the Money Wisdom podcast with Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP®, we’ll answer a question from someone in this position who doesn’t want to go through the hassle of updating all their estate documents but wants to change beneficiaries.

Here’s what we discuss in this episode:

0:00 – Today’s question

1:05 – Estate planning conversations

3:06 – Issues with not updating beneficiaries

5:04 – Important conversations

Our website: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form

Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

Check out our other no-cost financial resources here: https://johnsonbrunetti.com/financial-resources/

Check us out on YouTube: https://bit.ly/3CcAzai

217 에피소드

#Personal Finances #Lifestyle #Money #Trading #Joeljohnson #Moneywisdom #Retirement #Wealth #Joel Johnson #Business #Johnson Brunettis #CFP®

Money Wisdom

Do You Need to Update Beneficiaries After Getting Remarried

Money Wisdom

461 subscribers

published 약 1년 전

MP3•에피소드 홈

Here’s what we discuss in this episode:

0:00 – Today’s question

1:05 – Estate planning conversations

3:06 – Issues with not updating beneficiaries

5:04 – Important conversations

Our website: https://johnsonbrunetti.com/

Phone: 800-208-7233

Contact our team: https://johnsonbrunetti.com/contact-us/

Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form

Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/

Check out our other no-cost financial resources here: https://johnsonbrunetti.com/financial-resources/

Check us out on YouTube: https://bit.ly/3CcAzai

217 에피소드

#Personal Finances #Lifestyle #Money #Trading #Joeljohnson #Moneywisdom #Retirement #Wealth #Joel Johnson #Business #Johnson Brunettis #CFP®

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Money Wisdom

1
Should You Switch to a Health Care Plan with an HSA? 9:06

4일 전9:06

나중에 재생

리스트

9:06

A health savings account can be an incredibly powerful tool for tax-advantaged savings but not every health plan includes that option. Is it worth switching your plan for one that allows you to contribute to an HSA? In the latest episode of Money Wisdom, Jake Doser, CFP®, CPWA® and Nicholas J. Colantuono, CFP® tackle a listener's question about HSAs and walk you through a few of the things you need to know before you switch plans. With rising health care costs and the complexities of health insurance, understanding HSAs and whether they are the right choice for you is crucial. Here’s what we discuss in this episode: 0:00 – Today’s question 0:53 – What is an HSA? 2:09 – Qualifying for HSA 3:14 – Something to keep in mind 4:22 – Which health plan is right for you? 6:39 – Investing in HSA Our website: https://johnsonbrunetti.com/ Phone: 800-208-7233 Contact our team: https://johnsonbrunetti.com/contact-us/ Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/ Check out our other no-cost financial resources here: https://johnsonbrunetti.com/financial-resources/ Check us out on YouTube: https://bit.ly/3CcAzai…

Money Wisdom

1
What’s the Average Age People Retire? 8:43

11일 전8:43

나중에 재생

리스트

8:43

Most people want to know how they stack up to other people as they approach retirement, which is why people often ask about the average age most people decide to retire. We work with people across different states and regions, so we see a range of ages. In the latest episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA® and Nicholas J. Colantuono, CFP® share their personal experiences from the planning process and explain why comparisons don’t provide the right perspective for retirement. Here’s what we discuss in this episode: 0:00 – Today’s question 1:05 – Boston clients 2:10 – Connecticut clients 3:17 – Different ages that matter 6:00 – Managing this period of life Our website: https://johnsonbrunetti.com/ Phone: 800-208-7233 Contact our team: https://johnsonbrunetti.com/contact-us/ Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/ Check out our other no-cost financial resources here: https://johnsonbrunetti.com/financial-resources/ Check us out on YouTube: https://bit.ly/3CcAzai…

Money Wisdom

1
Does Paying Off Your Debt Kill Your Credit Score? 8:07

18일 전8:07

나중에 재생

리스트

8:07

One of the primary concerns for individuals nearing retirement is the desire to be debt-free. While this is a noble goal, it raises several questions about financial strategy, liquidity, and credit scores. While being debt-free may feel like a significant milestone, it is crucial to consider the broader financial picture. In the latest episode of the podcast, Jake Doser, CFP®, CPWA® and Nicholas J. Colantuono, CFP® discuss the various aspects of debt management and its implications on retirement planning. Here’s what we discuss in this episode: 0:00 – Today’s question 0:54 – Considerations 2:57 – Do you need to be debt free? 5:44 – Credit score Our website: https://johnsonbrunetti.com/ Phone: 800-208-7233 Contact our team: https://johnsonbrunetti.com/contact-us/ Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/ Check out our other no-cost financial resources here: https://johnsonbrunetti.com/financial-resources/ Check us out on YouTube: https://bit.ly/3CcAzai…

Money Wisdom

1
Preparing for the Possibility of a Layoff in Your 50s 8:47

25일 전8:47

나중에 재생

리스트

8:47

In today's fast-paced world, job security can often feel like a fragile concept, especially for those in their 50s. In this episode of the Money Wisdom podcast with Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP®, address a listener's concern about preparing for potential layoffs and talk about steps to take if you’re facing similar uncertainties. Here’s what we discuss in this episode: 0:00 – Today’s question 1:05 – Initial checklist 2:26 – Why things change in your 50s 4:18 – Changing your saving strategies 5:18 – Retirement planning considerations 7:48 – Final Thoughts Our website: https://johnsonbrunetti.com/ Phone: 800-208-7233 Contact our team: https://johnsonbrunetti.com/contact-us/ Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/ Check out our other no-cost financial resources here: https://johnsonbrunetti.com/financial-resources/ Check us out on YouTube: https://bit.ly/3CcAzai…

Money Wisdom

1
Do You Need to Update Beneficiaries After Getting Remarried 8:06

5 weeks 전8:06

나중에 재생

리스트

8:06

With more people getting divorced later in life, blended families are common, and it leads to additional conversations involving planning. One of the things that need to be addressed when someone remarries is the estate plan, particularly the beneficiaries. Do you need to make changes or can you just let your will take care of your needs? In this episode of the Money Wisdom podcast with Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP®, we’ll answer a question from someone in this position who doesn’t want to go through the hassle of updating all their estate documents but wants to change beneficiaries. Here’s what we discuss in this episode: 0:00 – Today’s question 1:05 – Estate planning conversations 3:06 – Issues with not updating beneficiaries 5:04 – Important conversations Our website: https://johnsonbrunetti.com/ Phone: 800-208-7233 Contact our team: https://johnsonbrunetti.com/contact-us/ Get your customized Money Map: https://johnsonbrunetti.com/your-money-map/#form Join us for our next financial workshop: https://johnsonbrunetti.com/financial-workshops/ Check out our other no-cost financial resources here: https://johnsonbrunetti.com/financial-resources/ Check us out on YouTube: https://bit.ly/3CcAzai…

Money Wisdom

1
When Should You Use Donor Advised Funds? 9:31

6 weeks 전9:31

나중에 재생

리스트

9:31

A key aspect of planning is finding ways to be as efficient as possible with your money and one great example of that is charitable giving. It’s something that many people care a lot about and if we can help them do that with more efficiency, it’s a win-win for everyone. That’s why this episode of the Money Wisdom podcast with Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP®, is all about donor advised funds and qualified charitable distributions (QCDs). These financial tools are gaining attention for their ability to offer significant tax benefits while enhancing charitable giving and we’ll break down what you need to know. Here’s what we discuss in this episode: 0:00 – Intro and question 0:42 – Defining donor advised funds 2:00 – When would you use this? 4:54 – QCDs Join us for our next financial workshop to learn about these strategies and more. Text WORKSHOP to 800-757-0436 to reserve your spot today. Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/ Contact our team: https://johnsonbrunetti.com/contact-us/ Check us out on YouTube: https://bit.ly/3CcAzai…

Money Wisdom

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Retirement Planning Considerations for Unmarried Couples 9:49

7 weeks 전9:49

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9:49

With retirement approaching, many couples are faced with the challenge of aligning their financial goals without the traditional framework of marriage. In the latest episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® address the challenges and planning needs for couples who aren’t married but still want to maintain a shared interest in their financial success. Here’s what we discuss in this episode: 0:00 – Intro and question 1:04 – Joint planning 2:37 – Financial benefits of marriage 5:16 – Investment planning Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/ Contact our team: https://johnsonbrunetti.com/contact-us/ Check us out on YouTube: https://bit.ly/3CcAzai…

Money Wisdom

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Do You Have Too Much Real Estate in Your Retirement Portfolio? 9:31

8 weeks 전9:31

나중에 재생

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9:31

Everyone wants to find the right mix of investments, but it’s easy to become over-concentrated in a specific asset. Real estate investors will often run into this dilemma as property values rise and home equity increases. In this show, Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® will answer a question about how much real estate is too much and how should you start shifting investments as you approach retirement. Here’s what we discuss in this episode: 0:00 – Intro and question 0:57 – First step 2:53 – What are your retirement needs? 4:38 – Over-concentration 6:09 – Numbers to address Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/ Contact our team: https://johnsonbrunetti.com/contact-us/ Check us out on YouTube: https://bit.ly/3CcAzai…

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How Do You Compare Financially to Others Your Age? 8:16

9 weeks 전8:16

나중에 재생

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8:16

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Money Wisdom

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What to Do if You’re Worried About Leaving Your Child a Large Sum of Money 10:28

10 weeks 전10:28

나중에 재생

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10:28

Estate planning can be difficult enough on its own but what happens when you’re hesitant to leave behind a large sum to a child who might be lacking financial responsibility. This challenge is the focus of the latest episode of the Money Wisdom podcast with Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP®. They tackle a common concern shared by many parents: ensuring their wealth is managed wisely after they're gone. Here’s what we discuss in this episode: 0:00 – Intro and question 0:47 – Common situation for families 2:06 – Types of accounts matter 4:50 – Ways to lower taxes 6:01 – Will vs trust 9:04 – Next steps Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/ Contact our team: https://johnsonbrunetti.com/contact-us/ Check us out on YouTube: https://bit.ly/3CcAzai…

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Should You Consider a Roth Conversion at 60? 8:14

11 weeks 전8:14

나중에 재생

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8:14

The reality of taxes in retirement starts to become more evident the closer you get, and it’s not uncommon for people to wish they had contributed more to a Roth while they were saving. Having those tax-free withdrawals in retirement is wonderful, so what can you do if you find yourself in this position? That’s the question we’re going to tackle in our latest Money Wisdom question series. Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® will break down the Roth conversion and discuss the factors you need to weigh before deciding to convert any money. With it being the end of the year, this is the perfect time to be having this conversation. If you want to learn more about tax planning strategies , make sure you get a copy of the "Are You Paying Too Much in Taxes in Retirement?" booklet. Text the word OFFER to 800-757-0436 to get a complimentary copy. This guide can help retirees assess their tax situation and explore strategies to optimize their savings. Here’s what we discuss in this episode: 0:00 – Intro 0:54 – Today’s question 1:39 – What is a Roth conversion? 2:57 – How to get money into a Roth 4:34 – Main consideration Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/ Contact our team: https://johnsonbrunetti.com/contact-us/ Check us out on YouTube: https://bit.ly/3CcAzai…

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Should Target Date Funds Be in Your Portfolio? 10:01

12 weeks 전10:01

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Do You Still Need Life Insurance in Retirement? 10:27

13 weeks 전10:27

나중에 재생

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10:27

Life insurance has a clear role within a financial plan, but is it worth keeping a policy once you’ve reached retirement and don’t have as much of a need for income replacement? In the latest episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® tackle a listener's question about the necessity of life insurance in retirement. We’ll work through the complexities of life insurance policies and discuss the considerations that could help you make informed decisions about your policy. Want a copy of The Money Map? Text MAP to 800-757-0436 to get one. Here’s what we discuss in this episode: 0:00 – Intro 0:50 – Today’s question 2:00 – The need for life insurance 4:35 – Types of insurance 6:40 – Considerations 9:09 – Aligning your planning Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/ Contact our team: https://johnsonbrunetti.com/contact-us/ Check us out on YouTube: https://bit.ly/3CcAzai…

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Is It Okay to Carry Debt in Retirement? 9:43

14 weeks 전9:43

나중에 재생

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Managing your money in retirement is much simpler when you don’t have to debt to account for, but there are times when debt isn’t necessarily a bad thing. In this week’s Money Wisdom question series, Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® tackle a listener's question about whether it's wise to carry debt into retirement. This discussion addresses the pros and cons of carrying debt into retirement, particularly focusing on mortgages and home equity lines. Here’s what we discuss in this episode: 0:00 – Intro 1:19 – Today’s question on debt 1:46 – Good debt vs bad debt 3:11 – Threshold for good debt 6:30 – Debt in retirement Text KIT to 800-757-0436 to get your ‘Are You Ready to Retire’ Starter Kit! Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/ Contact our team: https://johnsonbrunetti.com/contact-us/ Check us out on YouTube: https://bit.ly/3CcAzai…

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Is It Worth Moving to a State with No Income Tax in Retirement? 11:07

15 weeks 전11:07

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11:07

Many retirees make the decision to move in retirement but should no income tax be the main reason for relocation? While it might save you money in taxes, the move might not benefit you as much as you think. In this episode of the Money Wisdom Podcast, Jake Doser, CFP®, CPWA® and Nick Colantuono, CFP® talk taxes in Massachusetts and Connecticut and the considerations that go into moving to another state in retirement. Text KIT to 800-757-0436 to get our ‘Are You Ready to Retire?’ Starter Kit Here’s what we discuss in this episode: 0:00 – Intro 0:52 – Reasons people move 2:47 – Ask yourself these things 3:59 – Taxes in Massachusetts 7:20 – Millionaires tax 9:51 – What to think about Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/ Contact our team: https://johnsonbrunetti.com/contact-us/ Check us out on YouTube: https://bit.ly/3CcAzai…