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Back to Basics: Financial Literacy 101
Manage episode 411915997 series 3560500
Το περιεχόμενο παρέχεται από το Victor Medina. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Victor Medina ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
April isn't just about welcoming warmer weather; it's also Financial Literacy Month, a time to focus on our fiscal health and future. This episode will do just that, and it's an essential listen for anyone looking to secure their golden years with confidence and clarity.
A study used posted by the American College of Financial Services used a Retirement Confidence Scale based on the respondent’s self-reported confidence that they will feel financially secure, have enough money to live comfortably, and do a good job handling their investments throughout retirement. Those who scored better in financial literacy were more confident in their retirement. We’ll journey through the critical elements of retirement planning, from understanding different types of IRAs to the intricacies of gift taxes. It's an engaging dialogue that isn’t meant to just inform but also inspire action.
Here’s some of what we discuss in this episode:
0:00 – Intro
0:56 – Importance of financial literacy
2:35 – Study findings
8:40 – Correlation with earnings
11:58 – Retirement falls on you
19:10 – Traditional vs Roth IRA
23:32 – Retirement annuity
26:28 – After-tax accounts
18:08 – Mutual Funds and ETFs
31:13 – Gift tax
About Retirease Radio:
Retirease Radio is hosted by Victor J. Medina, a Certified Elder Law Attorney (CELA®) and a Certified Financial Planner (CFP™). Founder of Medina Law Group & Palante Wealth Advisors, Victor and his companies are dedicated to empowering people through education about estate planning and their finances.
Join and start receiving retirement tools: www.retirease.com
Watch the show on YouTube: https://bit.ly/48pTfhf
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