A conversation I overheard brings up a discussion about dealing with children who are bad with money, especially when it affects your estate plan. I then discuss leaving money in a living trust and naming a trustee. A Bloomberg article about American’s choosing to study abroad leads me to explain how 529 plans can be used outside of the US. Why you should take a trial run at retirement. I respond to Dan’s question about where to keep safe money and provide an interesting alternative to an FDIC. Bad rules of thumb for retirement planning.
Email your money question to [email protected] , or call the show at 1-800-516-1220 from 2:00-3:00 p.m. (PDT)
Call 1-888-762-2423 for Wealth Management and Financial Planning services or visit www.NewFocusFinancial.com.