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An estate plan doesn’t speak to only your after-death wishes; it helps determine how you’ll be taken care of during your life if you’re incapacitated. Estate plans include powers of attorney who step in to take care of you in the event you’re incapacitated, a will and sometimes trusts. If you haven’t chosen a healthcare power of attorney, these considerations might be helpful:
- Choose somebody who’s going to be the best person, geographically, to help you. While oftentimes that could be your spouse, if you’re single or childfree, you might choose a sibling or close friend.
- Before you make anything final, you need to talk to this person to ask if they’re comfortable with this responsibility.
- Identify your wishes for your care. Healthcare power of attorney gives power, but not instruction. You’ll want to establish a living will to specify what your end-of-life choices are – for example you don’t want to be on a ventilator or feeding tube.
- Share the power of attorney with your doctor. You want your medical professionals to be in the know as well.
- Choose somebody who can be there to take care of your bills and finances and ensure they’re on board and ready for the responsibility.
- Pick a trustworthy person. Unfortunately, that isn’t always your children or family. Give hard thought to your kids’ situations and whether they might make good choices. Unfortunately, I’ve seen way too many abuses and oftentimes it’s close family members. The National Council on Aging reports that 60% of elder abuse cases1 are close family members or spouses.
Crafting and Communicating Your Estate Plan in The Family Meeting
Estate planning and communicating it to your family happens on a spectrum. On one side is the logistics – here are where the documents are, here are the passwords. On the other side is legacy planning – here are my values and here’s how I want you to continue my legacy. Wherever you fall on that spectrum, it’s your responsibility to communicate that to your family. And that’s where having a series of regular family meetings comes in. You don’t have to run these meetings yourself – you can utilize a facilitator. You also don’t have to dive into specific numbers or amounts you’re leaving to specific people. A facilitator is especially helpful if you anticipate there might be some conflict or concern over the way you're setting up your estate. A good facilitator would be your financial advisor, but if they’re not comfortable with the task, ask them to recommend somebody. The goal of these meetings is to give your family enough information to minimize chaos if something happens to you. The first thing to do is to set an agenda that outlines what you’re going to talk about. You don’t want your family to be confused. Be clear: “This meeting is to talk about my estate plan.” At the minimum, share:- Where your estate planning documents are located
- Passwords
- Information for your financial advisor, estate planning attorney and CPA
- Contact information for any other professionals to call
- Powers of attorney
What About Your Parents’ Estate Plan?
You’ve done everything you need to do, but realize you have no idea what’s in your parents' estate plan. The best way to approach this is to simply say: “Tell me about your estate plan.” If you find out they don’t have an estate plan, ask them if you can introduce them to an estate planning attorney who can help them identify their goals and start the process. Explain the risks of not having an estate plan – emphasize that as their child, you don’t want to have to go to the courts to get guardianship or conservatorship to be able to take care of them. Explain to them that without an estate plan, the state is going to decide how their assets will transfer. If you have siblings, include them in the conversation. You don’t want to be seen as trying to get information they’re not privy to and create a negative situation.The Last Word: Communication is Key to Estate Planning
Communication is the key to estate planning. The more we communicate, the better the transition will be. It’s up to you to make that happen but know there are resources and great people to guide you throughout that process. Your financial professionals can help you do that. Reach out today to schedule a consultation. “Get the Facts on Elder Abuse” National Council on Aging, 23 Feb 2021. https://www.ncoa.org/article/get-the-facts-on-elder-abuse [post_title] => How to Talk to Your Family About Your Estate Plan and Avoid Complicating Their Grief [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => how-to-talk-to-your-family-about-your-estate-plan-and-avoid-complicating-their-grief [to_ping] => [pinged] => [post_modified] => 2022-06-29 10:01:51 [post_modified_gmt] => 2022-06-29 15:01:51 [post_content_filtered] => [post_parent] => 0 [guid] => https://carsonhub.wpengine.com/?p=65019 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [1] => WP_Post Object ( [ID] => 65574 [post_author] => 182109 [post_date] => 2022-06-15 09:39:02 [post_date_gmt] => 2022-06-15 14:39:02 [post_content] => It's almost impossible not to feel anxious at the dips and dives the stock market has been taking recently, compounded by relentless inflation-focused headlines. That's why you might be surprised to learn there's a lot of positive news to be had, despite the market uncertainty. Read on for three encouraging themes that illustrate the long-term benefits of the stock market and why now is the time to recommit to your financial plan.Let History Be Your Guide
We'll start with the bad news, because it would be naïve to ignore certain realities. Yes, the market has just endured the worst start to the calendar year in decades. And yes, it's the first time in 60 years both stocks and bonds have declined simultaneously. With that out of the way, let's turn to the favorable news. Although market pullbacks may continue for the foreseeable future, it's vital to keep in mind that these short spurts don't define the market over the long haul. When viewed daily, markets advance approximately six out of every 10 days, and if you take a calendar-year perspective, the stock market has gone up far more often than it has gone down. It's reassuring to realize that fluctuations occur regularly, yet these slumps are usually overcome in short order. In fact, while drawdowns are common, so are recoveries.Dig Deeper into What’s Causing Inflation
While inflation itself isn't positive, its story is far more than just higher gas prices and food costs. Some of today's rising inflation is caused by an array of factors that may otherwise constitute a strong economy. Again, we'll dispense with the bad news first. There are indeed some negatives propelling inflation, including the lingering effects of COVID-19, continued supply chain disruptions, the Russia/Ukraine conflict and the downstream impact of the stimulus payments during the depths of the pandemic that flooded the economy with money. And while those are all hurdles to overcome, what many miss is that inflationary pressures also stem from beneficial market forces. Here are five less talked about positive contributors to today's inflation:- Surging retail activity – As the pandemic wanes and the world reopens, consumers are eager to get back out there and spend, whether it's planning a well-earned vacation or enjoying an evening out with friends. Pent-up demand for goods and services – by all of us, at the same time – allows companies to raise prices. While that ultimately creates inflation, the root cause is a positive one: strong consumer spending.
- Increased home values – Skyrocketing housing prices are burdensome to those aiming to buy their first home or relocate to a highly desirable area. But they are music to the ears of the current lucky homeowners who have seen their equity swell. Along the way, many have refinanced at historically low interest rates, which means their net worth has also increased as home values rose.
- Higher net worth – Those soaring home values are just one part of our prosperity. 2021 saw the biggest increase in Americans' net worth in history thanks to elevated asset prices and rising stock prices. Although we’ve given a bit back as the market dipped, it still represents bigger gains than any other year.
- Rising business spending – All that pent-up demand is fueling a commensurate ramp up for businesses as they aim to meet market interest. That leads to investments in new machinery, factories, inventory and, of course, talent. This creates demand for goods and thus pressure on inflation.
- Fastest-ever labor recovery – One sign of the health of the economy is how long it takes for the job market to recover – and the pace today is blistering. For comparison, it took at least six years after the most recent recession for jobs to become plentiful, and today the market has almost fully recovered in the two years since shutdowns were prevalent. Currently, there are approximately two available jobs for every unemployed American, which is the best ratio on record. By contrast, in 2010, there were four unemployed workers for every one available job.
Remember, You're in It for the Long Haul
Looking at the market day by day can incite elation, then despair. That's why it's important to note that it doesn't matter what happens on one day – it matters what happens on all the days.
The longer your time horizon – that is, the time until you need to tap your accounts in retirement – the less likely you are to experience a negative return. Consider this perspective: Since 1970, the average rolling annual period saw advancement from stocks around 80% of the time. However, over rolling 10-year holding periods, stocks are up over 92% of the time, and they're higher 100% of the time for all rolling 15-year periods. That means those with a greater than 10-year investing time horizon have an excellent chance of possibly achieving positive returns. But here's a caveat: The cliché that it's not about timing the market, but time in the market is true. Since 1988, just missing a few of the best days in the market has resulted in significant lost opportunity in long-term returns. And over time, many of these best-performing days occur around and after a bout of market volatility, which underscores the importance of remaining committed to your investment plan. Finally, remember that progress happens too slowly to notice, but setbacks happen too quickly to ignore. Here's what we mean: In 2008, the market quickly lost 38%. And it was a huge deal. Books were written about it, and Congressional hearings were held. The market then slowly tripled from 2009 to 2015, and hardly anyone noticed. The lesson is that sticking with your investment plan is the key to a solid financial future. The market is built to recover, which is why investors should keep a long-term mindset. Stay focused and determined and always keep the big picture in mind. Slow and steady wins the race. Your financial advisor is here for you. Always remember: Your financial advisor is here for you in good times and bad. They can answer your questions and provide objective guidance to keep your mindset fixed on the longer term. If you’re not working with an advisor, now is a great time to get support. Let us help you connect with a professional who will tailor your plan to your existing needs and long-term goals. The views stated are not necessarily the opinion of Cetera and should not be construed directly or indirectly as an offer to buy or sell any securities mentioned herein. Due to volatility within the markets mentioned, opinions are subject to change without notice. Information is based on sources believed to be reliable; however, their accuracy or completeness cannot be guaranteed. Past performance does not guarantee future results. All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful. [post_title] => Tips to Help You Stay Strong During Market Volatility [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => tips-to-help-you-stay-strong-during-market-volatility [to_ping] => [pinged] => [post_modified] => 2022-06-21 12:30:12 [post_modified_gmt] => 2022-06-21 17:30:12 [post_content_filtered] => [post_parent] => 0 [guid] => https://carsonhub.wpengine.com/?p=64991 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [2] => WP_Post Object ( [ID] => 65560 [post_author] => 182131 [post_date] => 2022-06-14 07:50:41 [post_date_gmt] => 2022-06-14 12:50:41 [post_content] =>- College tuition
- College fees
- Required supplies and equipment
- Computer and internet access
- K-12 tuition and fees (up to $10,000)
- Travel expenses to and from college
- Car payments and upkeep
- Car insurance costs
- Expenses associated with a cellphone
- Fraternity, sorority or other club dues
- An allowance, gifts or other support
- A rocky satellite is a Uniform Gift to Minors Act (UGMA) or Uniform Trust to Minors Act (UTMA) account. These accounts allow minors to begin investing along with a custodian. Custodians can purchase individual equities, bonds, cryptocurrency, mutual funds or real estate. The custodian rolls off the account at the child’s age of majority (18 or 21, based on state of residence), leaving the child as the sole owner of account assets. UTMA and UGMA accounts are great at passing wealth to children, but they do not make a strong satellite in a college savings plan. UTMA/UGMA accounts can reduce financial aid more than other options, though they may be subject to parent income tax rates, and a child will control account assets once they turn 18 or 21.
- If your child works part-time, a Roth IRA in the child’s name is an outstanding college savings satellite. As long as children have earned income, they can make after-tax contributions to a Roth IRA up to $6,000 annually. The Roth IRA will grow tax-free and account basis (initial contributions) can be used at any time. Roth IRAs are not considered in a financial aid calculation. Roth accounts can be invested in a range of investment options, including individual equities, bonds, mutual funds and cryptocurrency. Roth IRAs pair as an extraordinary satellite to 529 accounts. Consider the following example:
- If your child does not have any earned income, consider opening a parent-owned non-qualified brokerage account to help save for non-529 expenses. The account will be subject to tax on dividends, interest and gains, but there are no asset or usage restrictions. Consider growth equities to limit income tax exposure, and choose positions not offered by the larger 529 college savings plan. Non-qualified brokerage accounts make strong satellites when orbiting with a 529 account.
- Exotic satellites include cash value life insurance policies, rental properties and other real estate. They may have higher costs and require a time commitment, but can pair nicely with a core 529 account balance.
Get Started Teaching Your Kids Money Management
Fantastic nonprofit organizations such as Jumpstart, Junior Achievement, The National Foundation for Financial Education and Money Savvy Kids have thousands of templates and resources to help you start conversations about money with your kids. Consider the Million Bazillion and the Planet Money Podcast as repositories of entertaining personal finance content.Budget in the Open
Budget in front of the kids. Talk about spending and savings openly. They may not participate in the process, but talking in the open takes away the taboo of not discussing money. As children become older, let them help make some family budgeting decisions. Making safe choices around money builds the confidence and discipline to make wise independent choices about money as they get older.Practice Choices in the Moment
The next time you make a gift purchase, set a budget and let the kids choose. If my plan is to spend $20 on a birthday gift, I’ll hand cash to my girls and let them pick. As a result, we have some fantastic conversations about math, budgeting and priorities in the middle of Target.Demonstrate Work Ethic and Hustle
I don’t pay an allowance for daily chores, but I am open to giving the girls opportunities for making money by going above and beyond. In financial services, we often hear, “You can’t teach hustle.” But making hustle fun when children are young goes a long way to carrying that work ethic as they are adults.Have Conversations with Kids About Money Priorities
On my birthday, I received a card from a family member with a $100 bill in it. I showed the girls what $100 looked like and didn’t think much more about it. A few weeks later, one of them saw a commercial for a Barbie Dream House and, despite my best objections, stated “Daddy, you have enough money to buy it, don’t you remember?” We had a wonderful conversation about the house, Happy Meals, the dogs and dance class. The same money must pay for all our costs, and maybe they could begin saving for this two-story bungalow on their own.Teach Kids to Budget with Give, Spend, and Save
I’ve seen envelopes, mason jars or piggy banks work toward instilling a greater financial understanding. Provide each child with three places they can store money.- The first jar for giving is money kids can use to enhance the world around them. Use money from the jar regularly to provide an offering to a place of worship, gift to a food pantry or donation homeless shelter, museum or charity meaningful to your family.
- Label the second jar spending and give your children discretion over how to use it. Providing control helps instill the power of choices, small lessons in missing out and scarcity.
- The saving jar is for mutually agreed upon goals between parents and children. As they get older, saving might mean a down payment toward a vehicle or offsetting college costs.
Talk About Credit Cards
I almost always pay with my credit card while shopping with my kids. I try to be very clear about what a credit card is: I’m borrowing money from the bank to pay the grocery store, and I will have to pay the bank back later from my paycheck. We pass a bank on the way to school, and every now and then the girls initiate a conversation to ask if I have paid the bank back yet. Six may be young age to instill the lesson that credit cards are for convenience and not credit, but some progress is better than no progress.Talk About Bank Accounts, Venmo, PayPal and Whatever Comes Next
Open bank accounts with your minor children. Teach them how to check the balance and reconcile receipts. Share about overdraft fees and learn about the tools they are using. Most of my students use Venmo. While instant cashless transaction apps are new, they also require budgeting, goal setting and conversations.Teach Kids Responsible Investing
Find companies, toys, shoes or amusement park empires your children enjoy. Most public companies have the ability to open dividend purchase plans (DPPs) or dividend reinvestment plans (DRPs) directly through their websites. As children evolve past putting money in a savings jar, encourage them to buy individual shares. DPP and DRP programs generally allow parents to open accounts alongside their children (Uniform Gift to Minors Accounts or Uniform Trusts to Minors Accounts). Dividends paid by these stocks will accumulate, building excitement about stocks and investing and helping children develop a critical eye. Setting our children up with realistic expectations about investing can help shield them from taking huge risks on trading apps and crypto platforms when they hit college.You Are Going to Mess Up – and That’s OK
Parents get to be imperfect. We get tired, overwhelmed and stressed out about money. There isn’t one perfect money script to use with kids. While we all come from different backgrounds and experiences, we all have stories to share with our children about money. Talk about money and invite children to participate in household discussions. The part of the Money Tree story I often leave out is the true conclusion. After taking my girls outside to find the Money Tree, I waited a few minutes, lifted my arms in the shape of a tree and shouted, “The Money Tree is right here!” It was possibly the most “Dad” moment of my life, but not one that expresses my values. Sometimes even adults can use some help with understanding money. Learn how financial planning can help! Craig is not affiliated or registered with Cetera Advisor Networks LLC. Any information provided by Craig is in no way related to Cetera Advisor Networks LLC or its registered representatives. [post_title] => Where is the Money Tree? How to Teach Kids About Money, Credit Cards, Saving, Investing, Venmo and More [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => where-is-the-money-tree-how-to-teach-kids-about-money-credit-cards-saving-investing-venmo-and-more [to_ping] => [pinged] => [post_modified] => 2022-06-07 08:43:01 [post_modified_gmt] => 2022-06-07 13:43:01 [post_content_filtered] => [post_parent] => 0 [guid] => https://carsonhub.wpengine.com/?p=64964 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [4] => WP_Post Object ( [ID] => 65498 [post_author] => 180652 [post_date] => 2022-06-06 15:59:00 [post_date_gmt] => 2022-06-06 20:59:00 [post_content] => By Nik Aamlid June 6, 2022 — If you sent me an email at the end of April, you may remember an out of office message that our software kicked out. It read like this:While you were reading that auto-responder in your inbox, I was on a trip of a lifetime with my father and our life-long friends, Dave and Ryan Austad. For eight days of bliss (April 22-30), we were playing some of the best golf that Scotland has to offer, all the while soaking in the history of one of the world’s true gems. If you’re a golfer, you’ll probably enjoy my golf notes included below. The trip was incredible; a landmark week. But before I write another sentence in this blog, I have to repeat what was mentioned in my auto-responder above. I want to quickly thank my amazing wife, my amazing family, and our amazing team at Pinnacle Wealth for giving me the green light to take this trip. Without their filling my absence on the home front, this would have never been possible. Thank you, thank you, thank you! It’s a trip that I’ll never forget. Anyways, onward with the blog. You might be asking — Nik, why are you writing a blog for work that has to do with a bucket list golf trip? My response to that is “great question!” My full answer would be simple. This trip illuminated everything that is evident about “True Wealth.” It gave me a tangible example of why I am so passionate about Pinnacle Wealth's mission to pursue this for ourselves and our clients. It’s not that “True Wealth” is about reaching financial success to allow for bucket list vacations. That’s not really the point. The point was doing it with my dad and shoulder-to-shoulder with my best friend since Kindergarten, Ryan and his dad. There were so many moments — the small things like laughing in a pub, or taking a stroll through the city — where I found myself so thankful, so reflective, and so appreciative of relationships like this in my life. It was one of life’s true wealth moments. More on that in a bit…Thank you for your email! I will be out of the office until May 2nd and will have very limited access to email during this time.
We talk a lot about True Wealth in our firm. Well, I am currently trying to practice what we preach. My amazing family and our amazing Pinnacle team have given me the green light to spend 8 days in Scotland on a golf trip with my dad and some of our very close friends. It's easy to come up with excuses (cost, time, etc) when these opportunities arise. But, this has been a bucket list item for me for a while and I couldn't pass it up .... sometimes you just have to say YES. People keep telling me that I'll be traveling lighter on the way back due to all the golf balls I will lose. However, I'm pretty sure I'll put that much weight on or more enjoying the local fare.
Be blessed and I will look forward to sharing some stories upon my return.
In the spirit of True Wealth,
The Golf
For the golf nerds like me out there, you’re probably itching for the golf and wondering which golf courses we played while in Scotland. Let’s not delve into the quality of play (ha!), but instead let’s talk about the quality of golf. Here was our lineup for the week:- The Jubilee Course at St. Andrews
- The Castle Course at St. Andrews
- The Old Course at St. Andrews (site of this year’s Open Championship!)
- Carnoustie
- Kingsbarns Golf Links
- The first tee box at St. Andrews is stuff of legend. The history, the great players who have been there before you, and the significance of that place for golf can be a bit overwhelming. Part of that might explain my botched tee shot teeing off! Regardless of my quality of play, it was so cool to stand there knowing I was at the epicenter, in many ways, of the game of golf.
- I attempted a 200-foot putt at the Old Course. Not too many courses in Brandon, SD I can do that on.
- Playing in front of the grandstands at the Old Course was a rush. I’m sort of glad they were empty!
- My favorite course during the trip was probably Kingsbarns. You can spend about 10-seconds scrolling through their Google images to understand why. The landscape was incredibly beautiful. The course too, was fantastic. If you make it over there, add this one to your list.
- Taking a picture with my dad on the stones of the Swilcan Bridge was one of those “office-worthy photo” memories. I’ll treasure being able to do that with my dad forever.












Conclusion.
I just covered an incredible trip of golf and an overseas adventure. As mentioned above, I could go on for hours. When I say my golf trip to Scotland was a True Wealth experience, I mean that in its purest form. It wasn’t just about the golf. It was playing golf where the game originated, alongside my dad, and alongside my best friend since Kindergarten, and his dad. It was about the company I held. And in some ways, it was about the company I left back home. Because my favorite part of the trip may have been the return. When we landed in the Sioux Falls airport, I walked out and was greeted by sprinting kids and a bundle of hugs. What an amazing reception home. I felt like George Bailey in It’s a Wonderful Life. It was at that moment perhaps, where I realized my True Wealth the most. What a blessed week. [post_title] => My Golf Trip to Scotland Was a True Wealth Experience [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => my-golf-trip-to-scotland-was-a-true-wealth-experience [to_ping] => [pinged] => [post_modified] => 2022-06-06 16:07:37 [post_modified_gmt] => 2022-06-06 21:07:37 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.pinnaclewealth.com/?p=65498 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) ) [post_count] => 5 [current_post] => -1 [in_the_loop] => [post] => WP_Post Object ( [ID] => 65624 [post_author] => 100869 [post_date] => 2022-06-29 09:47:15 [post_date_gmt] => 2022-06-29 14:47:15 [post_content] => Sarah Duey I once had clients with only one daughter. They created a trust for only their grandchild without ever telling their daughter why. As the trustees, we worked with this daughter, because her child was still a minor. There were hard feelings — a lot of wondering why her parents had skipped her in their estate planning. Grieving our loved ones is hard enough without adding extra emotions. Not talking to your family about your estate plan has the potential to create chaos and make your family feel unprepared. You want to be sure your family is aware of your estate plan and what roles they’re going to play in the events of your incapacity or death. In this article, we’re going to discuss some of the basics of estate planning, what types of things you should communicate to your family, and how to go about updating your family on a regular basis.Your Estate Plan and Picking Powers of Attorney
An estate plan doesn’t speak to only your after-death wishes; it helps determine how you’ll be taken care of during your life if you’re incapacitated. Estate plans include powers of attorney who step in to take care of you in the event you’re incapacitated, a will and sometimes trusts. If you haven’t chosen a healthcare power of attorney, these considerations might be helpful:- Choose somebody who’s going to be the best person, geographically, to help you. While oftentimes that could be your spouse, if you’re single or childfree, you might choose a sibling or close friend.
- Before you make anything final, you need to talk to this person to ask if they’re comfortable with this responsibility.
- Identify your wishes for your care. Healthcare power of attorney gives power, but not instruction. You’ll want to establish a living will to specify what your end-of-life choices are – for example you don’t want to be on a ventilator or feeding tube.
- Share the power of attorney with your doctor. You want your medical professionals to be in the know as well.
- Choose somebody who can be there to take care of your bills and finances and ensure they’re on board and ready for the responsibility.
- Pick a trustworthy person. Unfortunately, that isn’t always your children or family. Give hard thought to your kids’ situations and whether they might make good choices. Unfortunately, I’ve seen way too many abuses and oftentimes it’s close family members. The National Council on Aging reports that 60% of elder abuse cases1 are close family members or spouses.
Crafting and Communicating Your Estate Plan in The Family Meeting
Estate planning and communicating it to your family happens on a spectrum. On one side is the logistics – here are where the documents are, here are the passwords. On the other side is legacy planning – here are my values and here’s how I want you to continue my legacy. Wherever you fall on that spectrum, it’s your responsibility to communicate that to your family. And that’s where having a series of regular family meetings comes in. You don’t have to run these meetings yourself – you can utilize a facilitator. You also don’t have to dive into specific numbers or amounts you’re leaving to specific people. A facilitator is especially helpful if you anticipate there might be some conflict or concern over the way you're setting up your estate. A good facilitator would be your financial advisor, but if they’re not comfortable with the task, ask them to recommend somebody. The goal of these meetings is to give your family enough information to minimize chaos if something happens to you. The first thing to do is to set an agenda that outlines what you’re going to talk about. You don’t want your family to be confused. Be clear: “This meeting is to talk about my estate plan.” At the minimum, share:- Where your estate planning documents are located
- Passwords
- Information for your financial advisor, estate planning attorney and CPA
- Contact information for any other professionals to call
- Powers of attorney
What About Your Parents’ Estate Plan?
You’ve done everything you need to do, but realize you have no idea what’s in your parents' estate plan. The best way to approach this is to simply say: “Tell me about your estate plan.” If you find out they don’t have an estate plan, ask them if you can introduce them to an estate planning attorney who can help them identify their goals and start the process. Explain the risks of not having an estate plan – emphasize that as their child, you don’t want to have to go to the courts to get guardianship or conservatorship to be able to take care of them. Explain to them that without an estate plan, the state is going to decide how their assets will transfer. If you have siblings, include them in the conversation. You don’t want to be seen as trying to get information they’re not privy to and create a negative situation.The Last Word: Communication is Key to Estate Planning
Communication is the key to estate planning. The more we communicate, the better the transition will be. It’s up to you to make that happen but know there are resources and great people to guide you throughout that process. Your financial professionals can help you do that. Reach out today to schedule a consultation. “Get the Facts on Elder Abuse” National Council on Aging, 23 Feb 2021. https://www.ncoa.org/article/get-the-facts-on-elder-abuse [post_title] => How to Talk to Your Family About Your Estate Plan and Avoid Complicating Their Grief [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => how-to-talk-to-your-family-about-your-estate-plan-and-avoid-complicating-their-grief [to_ping] => [pinged] => [post_modified] => 2022-06-29 10:01:51 [post_modified_gmt] => 2022-06-29 15:01:51 [post_content_filtered] => [post_parent] => 0 [guid] => https://carsonhub.wpengine.com/?p=65019 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [comment_count] => 0 [current_comment] => -1 [found_posts] => 389 [max_num_pages] => 78 [max_num_comment_pages] => 0 [is_single] => [is_preview] => [is_page] => [is_archive] => [is_date] => [is_year] => [is_month] => [is_day] => [is_time] => [is_author] => [is_category] => [is_tag] => [is_tax] => [is_search] => [is_feed] => [is_comment_feed] => [is_trackback] => [is_home] => 1 [is_privacy_policy] => [is_404] => [is_embed] => [is_paged] => [is_admin] => [is_attachment] => [is_singular] => [is_robots] => [is_favicon] => [is_posts_page] => [is_post_type_archive] => [query_vars_hash:WP_Query:private] => 6b5c18c1252b6c6a9f5f8613c74e0017 [query_vars_changed:WP_Query:private] => [thumbnails_cached] => [stopwords:WP_Query:private] => [compat_fields:WP_Query:private] => Array ( [0] => query_vars_hash [1] => query_vars_changed ) [compat_methods:WP_Query:private] => Array ( [0] => init_query_flags [1] => parse_tax_query ) [tribe_is_event] => [tribe_is_multi_posttype] => [tribe_is_event_category] => [tribe_is_event_venue] => [tribe_is_event_organizer] => [tribe_is_event_query] => [tribe_is_past] => )Tips to Help You Stay Strong During Market Volatility
529s, Roth IRAs and Other Strategies for Your College Savings Plan
My Golf Trip to Scotland Was a True Wealth Experience
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This can be especially distressing during times of volatility, when we're all grappling for answers. In this guide, we've broken down some of the most common phrases you might be hearing and reading to help you understand what's really being said. Download the checklist today to get started. [post_title] => Market Volatility Terms to Know [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => market-volatility-terms-to-know [to_ping] => [pinged] => [post_modified] => 2022-06-24 09:16:43 [post_modified_gmt] => 2022-06-24 14:16:43 [post_content_filtered] => [post_parent] => 0 [guid] => https://pages.carsonwealth.com/LDqAAO_resource?guidekey=market-volatility-terms-to-know [menu_order] => 0 [post_type] => free-guides [post_mime_type] => [comment_count] => 0 [filter] => raw ) [1] => WP_Post Object ( [ID] => 65614 [post_author] => 90034 [post_date] => 2022-06-03 09:51:24 [post_date_gmt] => 2022-06-03 14:51:24 [post_content] => Gifting to your loved ones now or posthumously each carries their own positives and negatives as they relate to your estate plan, taxes, your goals and your legacy. As you explore your options, refer to this guide. It offers a checklist, questions to ask your advisor and a conversation outline to help you communicate your wishes to your loved ones. Download the checklist today to get started. [post_title] => A Guide to Gifting to Your Heirs [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => a-guide-to-gifting-to-your-heirs [to_ping] => [pinged] => [post_modified] => 2022-06-24 09:16:03 [post_modified_gmt] => 2022-06-24 14:16:03 [post_content_filtered] => [post_parent] => 0 [guid] => https://pages.carsonwealth.com/LDqAAO_resource?guidekey=a-guide-to-gifting-to-your-heirs [menu_order] => 0 [post_type] => free-guides [post_mime_type] => [comment_count] => 0 [filter] => raw ) [2] => WP_Post Object ( [ID] => 65613 [post_author] => 90034 [post_date] => 2022-05-09 14:08:58 [post_date_gmt] => 2022-05-09 19:08:58 [post_content] => Life insurance plans are designed to offer your family an infusion of income in the event of your death, so your loved ones won't have to worry about finances while they are grieving. But how do you know what type of policy to choose and if it will adequately cover your needs? This resource helps you identify your insurance goals, offers basic guidance on how to pick the optimal policy and outlines when to work with your professional to update your coverage. Download the checklist today to get started. [post_title] => How to Pick an Insurance Policy [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => how-to-pick-an-insurance-policy [to_ping] => [pinged] => [post_modified] => 2022-06-24 09:15:10 [post_modified_gmt] => 2022-06-24 14:15:10 [post_content_filtered] => [post_parent] => 0 [guid] => https://pages.carsonwealth.com/LDqAAO_resource?guidekey=how-to-pick-an-insurance-policy [menu_order] => 0 [post_type] => free-guides [post_mime_type] => [comment_count] => 0 [filter] => raw ) [3] => WP_Post Object ( [ID] => 65276 [post_author] => 90034 [post_date] => 2022-04-08 09:46:54 [post_date_gmt] => 2022-04-08 14:46:54 [post_content] => Your retirement is the culmination of years of careful planning, and you don't want to fumble the ball when the end zone is in sight. Download our checklist of key tasks to complete in the year leading up to your retirement to make sure you're prepared for this major life milestone. Download the checklist today to get started. [post_title] => What You Need to Do in the Year Before You Retire [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => what-you-need-to-do-in-the-year-before-you-retire [to_ping] => [pinged] => [post_modified] => 2022-04-27 14:07:22 [post_modified_gmt] => 2022-04-27 19:07:22 [post_content_filtered] => [post_parent] => 0 [guid] => https://cloud.carsonmx.com/resource?brandid=&guidekey=when-shifting-goals-mean-shifting-plans [menu_order] => 0 [post_type] => free-guides [post_mime_type] => [comment_count] => 0 [filter] => raw ) [4] => WP_Post Object ( [ID] => 65461 [post_author] => 181142 [post_date] => 2022-02-15 18:33:23 [post_date_gmt] => 2022-02-15 23:33:23 [post_content] => Health care costs in retirement aren't going anywhere. Naturally, as our bodies get older, it costs more to keep them running. And with U.S. health care spending expected to rise at a rate 1.1% faster than the annual GDP, this cost will come home to our pockets. Statistics like this make Medicare part of life for many Americans. Let's look at the parts of this vital program and how it plays a part in your financial plan. Download the checklist today to get started. [post_title] => Medicare and Managing Health Care Costs in Retirement [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => medicare-and-managing-health-care-costs-in-retirement [to_ping] => [pinged] => [post_modified] => 2022-06-03 14:21:14 [post_modified_gmt] => 2022-06-03 19:21:14 [post_content_filtered] => [post_parent] => 0 [guid] => https://pages.carsonwealth.com/LDqAAO_resource?guidekey=health-care-costs-in-retirement [menu_order] => 0 [post_type] => free-guides [post_mime_type] => [comment_count] => 0 [filter] => raw ) ) [post_count] => 5 [current_post] => -1 [in_the_loop] => [post] => WP_Post Object ( [ID] => 65615 [post_author] => 90034 [post_date] => 2022-06-15 10:10:06 [post_date_gmt] => 2022-06-15 15:10:06 [post_content] => The financial world is full of industry jargon and unfamiliar language that the average consumer may struggle to understand. This can be especially distressing during times of volatility, when we're all grappling for answers. In this guide, we've broken down some of the most common phrases you might be hearing and reading to help you understand what's really being said. Download the checklist today to get started. 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Resources
Resources
Market Volatility Terms to Know
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- Core PCE inflation, which excludes food and energy, rose 0.3%.
- Personal consumption rose 0.2% as higher spending on services overcame a decline in spending on goods.
- The S&P 500 fell 20% in the first half of the year — its worst first-half performance since 1970.




- Much of the bad news is already reflected in market prices.
- Inflation seems to be moderating.
- Political uncertainty is ebbing lower.
- Much of the economy remains strong.
- The system works.
- The S&P 500 bounced off recent lows, rallying 6.5% last week.
- Interest rates moved slightly lower as expectations for inflation declined.
- Existing home sales fell 3.4% last month while new home sales jumped 10.7%.




- “Record low mortgage rates in 2020 and 2021 and the race to beat future increases;
- Limited supply from underbuilding and below average distressed sales;
- An increase in first-time homebuyers due to favorable age demographics; and
- Increased migration from high-cost cities to areas that already had a housing shortage.”
- The S&P 500 entered a bear market by closing more than 20% below its all-time high.
- The Federal Reserve raised rates 0.75% as the central bank plays catch up after leaving rates too low for too long.
- U.S. retail sales slowed 0.3% last month in response to heightened inflation, while industrial production remained strong. Even with the decline, retail sales are up 8.1% from last year.












- The Consumer Price Index, a measure of inflation, increased a higher-than-expected 8.6% in May, the fastest pace since December 1981. Core CPI, which excludes food and energy prices, rose 6%, down from 6.2% in April.
- The U.S. trade deficit fell 19.1% in April as imports fell and exports increased.
- Stocks and bonds declined as markets prepared for the Federal Reserve to hike interest rates further to control inflation.


- Core PCE inflation, which excludes food and energy, rose 0.3%.
- Personal consumption rose 0.2% as higher spending on services overcame a decline in spending on goods.
- The S&P 500 fell 20% in the first half of the year — its worst first-half performance since 1970.






- Much of the bad news is already reflected in market prices.
- Inflation seems to be moderating.
- Political uncertainty is ebbing lower.
- Much of the economy remains strong.
- The system works.
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[post_title] => Estate Planning Strategies to Minimize Taxes [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => leveraging-life-insurance-as-a-financial-planning-tool-2 [to_ping] => [pinged] => [post_modified] => 2022-06-28 13:57:44 [post_modified_gmt] => 2022-06-28 18:57:44 [post_content_filtered] => [post_parent] => 0 [guid] => https://carsonhub.wpengine.com/?post_type=videos&p=65016 [menu_order] => 0 [post_type] => videos [post_mime_type] => [comment_count] => 0 [filter] => raw ) [1] => WP_Post Object ( [ID] => 65610 [post_author] => 90034 [post_date] => 2022-06-23 14:53:23 [post_date_gmt] => 2022-06-23 19:53:23 [post_content] => It’s an age-old debate: Should I invest or should I pay off debt with extra money in my budget? In this video, Wealth Advisor Ryan Ovenden explains the principles of debt and risk management, as well as providing examples for people on how to approach their financial futures. Questions answered in this video: 1:03 - Should People Invest or Pay Off Debts? 2:16 - Is All Debt the Same? What About Low Interest Rates? Contact us for a complimentary consultation: https://www.pinnaclewealth.com/#contact ******* FOR MORE VIDEOS LIKE THIS, PLEASE SUBSCRIBE: https://www.youtube.com/channel/UCndhK4pEl35_4UkhkntGhDQ/?sub_confirmation=1 Discover “True Wealth”: https://www.pinnaclewealth.com Connect on Facebook: https://www.facebook.com/PinnacleWealthSD Connect on LinkedIn: https://www.linkedin.com/company/pinnacle-wealth-management---sd/ ******** COMPLEMENTARY RESOURCES: Take our retirement ready quiz: https://www.pinnaclewealth.com/retirement-planning-quiz/ Do you know your risk profile? Learn more: https://www.pinnaclewealth.com/#survey-section ROTH IRA vs. Traditional IRA quiz: https://www.pinnaclewealth.com/calculator-roth-ira-traditional-ira/ ******** Pinnacle Wealth is a Sioux Falls, SD based full service wealth management firm focusing on comprehensive financial planning and the utilization of all financial tools at our disposal to work in concert toward pursuing your goals. But we feel the more important question to ask is “Why do we offer these financial tools?” rather than “What financial tools do we offer?” We seek to reduce your financial distractions by taking care of the painstaking details, freeing you to relax, live confidently, and enjoy life. Every financial process or strategy we consider or implement should answer your questions, raise your financial awareness or reduce the number of surprises you experience. To succeed we must carefully listen and understand your financial goals, concerns and even fears and provide potential solutions. Ryan Ovenden is a non-registered associate of Cetera Advisor Networks LLC. [post_title] => Should I Invest or Pay Off Debt? [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => should-i-invest-or-pay-off-debt [to_ping] => [pinged] => [post_modified] => 2022-06-23 14:53:23 [post_modified_gmt] => 2022-06-23 19:53:23 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.pinnaclewealth.com/?post_type=videos&p=65610 [menu_order] => 0 [post_type] => videos [post_mime_type] => [comment_count] => 0 [filter] => raw ) [2] => WP_Post Object ( [ID] => 65548 [post_author] => 90034 [post_date] => 2022-06-08 11:29:03 [post_date_gmt] => 2022-06-08 16:29:03 [post_content] => When looking for a financial advisor, what criteria do you look for? At Pinnacle Wealth, we believe that working in tandem with our clients is superior. After all, the path to finding freedom is a journey and every individual comes to us with different goals, destinations, and obstacles they’re facing. With that being true, we take a people-focused approach in favor of a money-focused approach, knowing that caring for the individual serves utmost importance. In the financial advisor world, we often times witness two types of relationships:
- Those who push the advisor out front.
- Those who push themselves out front.
Videos
Videos
Estate Planning Strategies to Minimize Taxes
Should I Invest or Pay Off Debt?
What Makes Us Different?
How To Survive An Anaconda Attack
Leveraging Life Insurance as a Financial Planning Tool
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Already established in her career as an accountant for a large insurance firm, Caroline married a bit later, at 33. Today, she’s a financial controller for the same firm. Her spouse owns his own landscaping business. Caroline is the high-wage earner in the family.
Unfortunately, both women are now surprised to be facing a “gray” divorce: a divorce involving couples in their 50s or older. Each will need to make some tough choices as they deal with the emotional devastation of unraveling a long-term marriage. Although my focus as a financial planner is to help my clients find their financial footing during and after divorce, I also encourage clients to build a strong network of family and friends as well as a therapist or clergy person to offer critical emotional support during this time.
Read full article on Kiplinger.com
[post_title] => Emerging Financially Healthy After a Gray Divorce [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => emerging-financially-healthy-after-a-gray-divorce [to_ping] => [pinged] => [post_modified] => 2022-03-25 14:07:37 [post_modified_gmt] => 2022-03-25 19:07:37 [post_content_filtered] => [post_parent] => 0 [guid] => https://carsonhub.wpengine.com/?post_type=news&p=64886 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw ) [2] => WP_Post Object ( [ID] => 53316 [post_author] => 55227 [post_date] => 2020-01-28 10:38:21 [post_date_gmt] => 2020-01-28 16:38:21 [post_content] => By Jamie HopkinsRoth conversions can be a powerful tax and retirement planning technique. The idea behind most Roth conversions is to take money from an IRA and convert it to a Roth IRA. Essentially, you’re paying taxes today instead of paying taxes in the future.
The Tax Cut and Jobs Act lowered taxes for many Americans and with the SECURE Act Roth IRAs became even more powerful as an estate planning vehicle to minimize taxes, so it’s a convenient time to take advantage of Roth conversions. However, Roth conversions can come with some issues. Before you engage in one, be aware of these common problems as it can be hard to undo the transaction.Conversions After 72
IRAs and Roth IRAs are both retirement accounts. It’s easy to assume Roth Conversions are best suited for retirement, too. However, waiting too long to do conversions can actually make the entire process more challenging. If you own an IRA, it’s subject to required minimum distribution rules once you turn 72, as long as you had not already reached age 70.5 by the end of 2019. The government wants you to start withdrawing money from your IRA each year and pay taxes on the tax-deferred money. However, Roth IRAs aren’t subject to RMDs at age 72. If you don’t need the money from your RMD to support your retirement spending, you might think, “I should convert this to a Roth IRA so it can stay in a tax-deferred account longer.” Unfortunately, that won’t work. You can’t roll over or convert RMDs for a given year. So, if you owe a RMD in 2020, you need to take it and you cannot convert it to a Roth IRA. Despite the fact you can’t convert an RMD, it doesn’t mean you can’t do Roth conversions after age 72. However, you need to make sure you get your RMD out before you do a conversion. Your first distributions from an IRA after 72 will be treated as RMD money first. This means, if you want to convert $10,000 from your IRA, but you also owe an $8,000 RMD for the year, you need to take the full $8,000 out before you do a conversion. Full article on ForbesFor a comprehensive review of your personal situation, always consult with a tax or legal advisor. Neither Cetera Advisor Networks LLC nor any of its representatives may give legal or tax advice."
"Distributions from traditional IRAs and employer sponsored retirement plans are taxed as ordinary income and, if taken prior to reaching age 59½, may be subject to an additional 10% IRS tax penalty. Converting from a traditional IRA to a Roth IRA is a taxable event. A Roth IRA offers tax free withdrawals on taxable contributions. To qualify for the tax-free and penalty-free withdrawal of earnings, a Roth IRA must be in place for at least five tax years, and the distribution must take place after age 59½ or due to death, disability, or a first time home purchase (up to a $10,000 lifetime maximum). Depending on state law, Roth IRA distributions may be subject to state taxes.
[post_title] => 3 Roth Conversion Traps To Avoid After The SECURE Act [post_excerpt] => Roth conversions can be a powerful tax and retirement planning technique. The idea behind most Roth conversions is to take money from an IRA and convert it to a Roth IRA. Essentially, you’re paying taxes today instead of paying taxes in the future. [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => 3-roth-conversion-traps-to-avoid [to_ping] => [pinged] => [post_modified] => 2020-02-28 16:01:10 [post_modified_gmt] => 2020-02-28 22:01:10 [post_content_filtered] => [post_parent] => 0 [guid] => https://divi-partner-template.carsonwealth.com/?post_type=news&p=53316 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw ) [3] => WP_Post Object ( [ID] => 51325 [post_author] => 6008 [post_date] => 2019-12-06 10:26:33 [post_date_gmt] => 2019-12-06 16:26:33 [post_content] => By Jamie Hopkins People plan on having a good day, a good year, a good retirement and a good life. But why stop there? Why not plan for a good end of life, too? End of life or estate planning is about getting plans in place to manage risks at the end of your life and beyond. And while it might be uncomfortable to discuss or plan for the end, everyone knows that no one will live forever. Estate planning and end of life planning are about taking control of your situation. Death and long-term care later in life might be hard to fathom right now, but we can’t put off planning out of fear of the unknown or because it’s unpleasant. Sometimes it takes a significant event like a health scare to shake us from our procrastination. Don’t wait for life to happen to you, though. Full article on Kiplinger [post_title] => 10 Common Estate Planning Mistakes (and How to Avoid Them) [post_excerpt] => Estate planning and end of life planning are about taking control of your situation. Death and long-term care later in life might be hard to fathom right now, but we can’t put off planning out of fear of the unknown or because it’s unpleasant. Don’t wait for life to happen to you, though. [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => 10-common-estate-planning-mistakes-and-how-to-avoid-them [to_ping] => [pinged] => [post_modified] => 2020-02-28 16:02:24 [post_modified_gmt] => 2020-02-28 22:02:24 [post_content_filtered] => [post_parent] => 0 [guid] => https://divi-partner-template.carsonwealth.com/?post_type=news&p=51325 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw ) [4] => WP_Post Object ( [ID] => 63889 [post_author] => 273 [post_date] => 2019-11-11 16:27:38 [post_date_gmt] => 2019-11-11 21:27:38 [post_content] => By Jamie HopkinsEveryone’s heard the stories of celebrities who died without a proper estate plan in place. It’s been a hot topic in the last few years with Prince and Aretha Franklin serving as unfortunate faces of the phenomenon. But it’s not just freewheeling entertainers. Abraham Lincoln – a lawyer by trade – didn’t have one either, which leads me to say something you’ve probably never heard anyone say: don’t be like Abraham Lincoln.
Most people want to plan for a good life and a good retirement, so why not plan for a good end of life, too? Let’s look at four ways you can refine your estate plan, protect your assets and create a level of control and certainty for your loved ones.1. Review Beneficiary Designations
Many accounts can pass to heirs and loved ones without having to go through the sometimes costly and time-consuming process of probate. For instance, life insurance contracts, 401(k)s and IRAs can be transferred through beneficiary designations – meaning you determine who you want to inherit your accounts after you die by filing out a beneficiary form. You can often name successors or backup beneficiaries, and even split up accounts by dollar amount or percentages between beneficiaries with these forms. Full article on Forbes [post_title] => 4 Ways To Improve Your Estate Plan [post_excerpt] => Most people want to plan for a good life and a good retirement, so why not plan for a good end of life, too? Let’s look at four ways you can refine your estate plan, protect your assets and create a level of control and certainty for your loved ones. [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => 4-ways-to-improve-your-estate-plan [to_ping] => [pinged] => [post_modified] => 2020-02-28 17:02:59 [post_modified_gmt] => 2020-02-28 22:02:59 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.pinnaclewealth.com/insights/news/4-ways-to-improve-your-estate-plan/ [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw ) ) [post_count] => 5 [current_post] => -1 [in_the_loop] => [post] => WP_Post Object ( [ID] => 65403 [post_author] => 90034 [post_date] => 2022-05-26 08:18:44 [post_date_gmt] => 2022-05-26 13:18:44 [post_content] => By Erin Wood, Senior Vice President, Financial Planning and Advanced Solutions Just a few years ago, Rose retired with a decent-sized 401(k). With some careful budgeting and a part-time job, her retirement finances were on track. Rose was looking forward to traveling, reigniting her passion for photography and spending time with her son and her grandkids. The pandemic changed everything. Her son contracted COVID-19 in the early days of the pandemic. His health deteriorated quickly and he died at only 35 years old. He didn’t have life insurance. A gig worker without a 401(k), he had very minimal retirement savings. Rose’s grandchildren, ages 2 and 6, joined the more than 140,000 U.S. children under the age of 18 who lost their primary or secondary caregiver due to the pandemic from April 2020 through June 2021. That’s approximately one out of every 450 children under age 18 in the United States. Rose’s ex-daughter-in-law battles drug addiction and had lost custody of the kids during the divorce, so Rose became the children’s primary caregiver. She quickly discovered that caring for young children as an older adult is more physically challenging than when she raised her son, so she made the difficult decision to leave her part-time job to have the energy to care for her active grandchildren. She wants to do everything for these kids who have lost so much — but it puts her financial security at risk. Sadly, she is far from alone. Read the full article [post_title] => COVID’s Financial Toll Isn’t What You Think [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => covids-financial-toll-isnt-what-you-think [to_ping] => [pinged] => [post_modified] => 2022-05-26 08:31:50 [post_modified_gmt] => 2022-05-26 13:31:50 [post_content_filtered] => [post_parent] => 0 [guid] => https://carsonhub.wpengine.com/?post_type=news&p=64940 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw ) [comment_count] => 0 [current_comment] => -1 [found_posts] => 9 [max_num_pages] => 2 [max_num_comment_pages] => 0 [is_single] => [is_preview] => [is_page] => [is_archive] => [is_date] => [is_year] => [is_month] => [is_day] => [is_time] => [is_author] => [is_category] => [is_tag] => [is_tax] => [is_search] => [is_feed] => [is_comment_feed] => [is_trackback] => [is_home] => 1 [is_privacy_policy] => [is_404] => [is_embed] => [is_paged] => [is_admin] => [is_attachment] => [is_singular] => [is_robots] => [is_favicon] => [is_posts_page] => [is_post_type_archive] => [query_vars_hash:WP_Query:private] => 8bbea74eca9b0e937ac286f0d22d32a8 [query_vars_changed:WP_Query:private] => [thumbnails_cached] => [stopwords:WP_Query:private] => [compat_fields:WP_Query:private] => Array ( [0] => query_vars_hash [1] => query_vars_changed ) [compat_methods:WP_Query:private] => Array ( [0] => init_query_flags [1] => parse_tax_query ) [tribe_is_event] => [tribe_is_multi_posttype] => [tribe_is_event_category] => [tribe_is_event_venue] => [tribe_is_event_organizer] => [tribe_is_event_query] => [tribe_is_past] => )
Market Commentary
Market Commentary
Market Commentary: Moderating Inflation, Ebbing Political Uncertainty Among Reasons for Hope in the Face of a Tough Market
Market Commentary: S&P 500 Rallies 6.5%, Lifting Market Above Bear Level
Market Commentary: Fed Raises Rates by 0.75%, Market Moves Into Bear Territory
Special Market Commentary: S&P 500 Slips Into a Bear Market. Now What?
Market Commentary: Inflation Pressures Remain High, S&P Dips Again