Multi-Generational Financial Planning (Part 2)

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Show Intro (00:27)

Inheritance Conundrum: What to do and when (1:34)

• Understanding tax ramifications, gifting now vs waiting, assessing your personal long-term needs
• Acknowledging your kid’s situation, helping them now, and giving them a boost 
• Importance of building out your financial plan first and finding the right kind of planner to help you

When to start Gifting (11:55)

• Putting yourself first and recognizing where you are and what you have
• Understanding the purpose of the money to be gifted and how it is to be used

Getting on the same page as your spouse (16:37)

• Starting to talk about what you want your money to do and what would bring you the most fulfillment
• Importance of experiencing this money with your kids and the types of conversations you should be having with your planner

Aging with dignity (20:32) 

• Talking to your kids about what’s important to you, wanting to age well, and recognizing we will all need to eventually rely on others
• Expressing your value systems to our children, ensuring what you want to happen can happen

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About Your Co-Hosts:

Travis Maus has been in financial services for over fifteen years. He is a Senior Wealth Manager and Chief Executive Officer at S.E.E.D. Planning Group.

Steve Campbell has over a decade of experience in the industry and serves as Chief Brand Officer at S.E.E.D. Planning Group.