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Wealthy Habits Podcast

Are there some important financial questions and considerations that you've overlooked? On this show, we want to come alongside your financial and retirement journey to help you answer those questions and experience financial success.


Dave Elizondo and Drue Kampmann are Co-Founders of True Financial Partners, serving the Quad Cities. Their goal is to provide you with great information and education to help you retire with security and comfort.

As you get closer to retirement, the money choices you make become more and more critical. So make sure you're getting proper guidance and help along the way. On the Wealthy Habits Podcast, we'll cover things like social security, taxes, income planning, investments and so much more.


Reach out if you have any questions at https://www.truefinancialpartners.com/ or by calling 563-359-8783.

  1. All Episodes
  2. Celebrating the Role Grandparents Play in our Financial Lives

Celebrating the Role Grandparents Play in our Financial Lives

Sep 7, 2023

In honor of Grandparents' Day, which is just around the corner on September 10th, we're here to delve into the profound and irreplaceable role that grandparents hold in our lives. They pass down their wisdom, share their life experiences, and instill strong work ethics, leaving an impact on us all. This episode serves as a tribute to grandparents while offering valuable insights into estate planning and financial support for future generations. 

Join us as we explore the significance of getting your financial affairs in order as a grandparent, discuss the distinctions between wills and trusts, and more. We will also talk about setting up 529 savings plans and custodial accounts for your grandchildren. Tune in as we celebrate the role grandparents play in imparting financial wisdom and values to the next generation.

 

Here's some of what we'll talk about on today's show:

  • Estate planning is a critical aspect of financial preparation for grandparents. It's essential to create wills, trusts, powers of attorney, and living wills to ensure that their assets are distributed according to their wishes and to avoid the complexities of probate.
  • Grandparents can contribute to their grandchildren's financial future by setting up accounts like 529 plans or custodial accounts. Starting early can help accumulate more funds over time.
  • Passing on financial knowledge to grandchildren is a valuable gift. Teaching financial literacy through games and discussions can help young generations make informed financial decisions.
  • Grandparents can make a positive impact by paying off their grandchildren's student debt or helping with other financial needs while they are alive, rather than waiting until their passing to leave a legacy.

 

Web: https://www.truefinancialpartners.com/

Email: info@truefp.biz

Phone: 877-359-8783