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Aug 19, 2021

As we move through life every day, we devote our attention to things that seem important in that moment. In doing so, we overlook many of the things that protect us in the event of an emergency.

Hopefully if the time ever comes when you need your smoke alarm to work or your airbags to deploy, everything is working properly. The same is true when it comes to financial planning. Much of the work we do is making sure you are taken care of when life throws us those unexpected events.

That’s what we want to talk about on this episode of the podcast. By bringing attention to these things that don’t matter until they do, we hope that it pushes you to action. You’ll want to go through each of these items with your advisor to make sure everything is updated and accurate.

The list we’ll run through includes:

  • Legal documents
  • Long-term care
  • Life insurance
  • Lifetime income streams

If any of those haven’t been accounted for and you’re approaching or in retirement, make it a priority to get with your advisor. We’ll explain why each is important and what you need to know during the show.

The other topic we want to cover on this episode is possible updates to the SECURE Act. This important retirement legislation took effect at the beginning of 2020 but lawmakers are already discussing additional proposals that could be adopted in the very near future. We’ll tell you all about them and why they could impact your planning.

Check out the full episode or use the timestamps below to hear a specific segment.

1:32 – Nancy shares an unusual experience on a recent trip

5:24 – Legal documents

7:57 – Long-term care

9:50 – Life insurance

10:56 – Lifetime income streams

12:34 – ‘If You Can Dream It’ segment

17:48 – Update on the SECURE Act

18:30 – RMD age increasing

19:17 – Automatically enrolling in 401k

20:29 – Catch up contributions

21:07 – Student loan payments

21:47 – National 401k database


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