The millionaire advice I have learned over the last three decades (yes, it is hard to believe I have been at this for over 35 years!) is priceless.
Some of the insights may seem like common sense, while other wisdom could be priceless for your and your family’s financial future.
Wealth Inside and Out® Podcast: “Millionaire Advice for Family and Friends”
In this episode, you will learn:
>> (6:24) My first millionaire advice tip
>> (8:24) Insight regarding your estate plan
>> (8:34) The first step to creating a plan and what it includes
>> (10:55) Real-world example of unintentionally disinheriting your heirs
>> (11:14) What components are in an effective estate plan?
>> (11:57) How to plan when you have minor dependents
>> (13:15) What is a trust protector, and why they are important in some estate plans
>> (13:58) Considerations for replacing income
>> (14:57) Why retirement income is a problem
>> (15:10) Why 401k’s became so popular
>> (16:38) What 35 years of research has shown
>> (17:08) The impact of replacing your income
>> (17:41) Creating your plan to avoid running out of money
>> (21:51) Options to mitigate risk, produce guaranteed income, and replace active income
>> (23:00) The average Social Security monthly check amount
>> (23:11) What happens to Social Security income when a spouse dies
>> (31:31) Health is wealth and how to keep it
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Conclusion – “Millionaire Advice for Family and Friends”
Today, I share some of the most critical insights I have learned in my 35 years advising millionaires. These insights are designed to help you and your family secure your financial future.
Studies show that 40% to 80% of people fear running out of money. In another study, 80% of those surveyed shared that they are more afraid of running out of money than of dying. Today’s insight will help you create a plan so you can worry less and enjoy your life more!
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To your financially secure life,
Annette
