Financial Truths with David Wilson

It's easy to get confused and think that you are diversified when you actually are not. David gives some tips on spotting a truly diversified portfolio and how to properly allocate assets in order to minimize risk.

David Wilson walks us through the four most important estate planning mistakes you need to avoid. He often is able to spot common trustee problems within a family and times when beneficiary designations are out of whack. Sometimes people make the mistake of making their trust the primary beneficiary of their 401k or IRA. Plus, don't just give your stock or real estate without a proper plan. David will share a story with us where he saw that mistake cost someone thousands and thousands of dollars and it could have all been avoided with a proper plan. The time to start preparing your estate plan is now, so don't wait to listen to this week's podcast.

We all know that having an individual retirement plan is important. If you're a small business owner, however, you might not realize that there are some specific benefits that apply to you. In a lot of cases, these kinds of plans that are available can make an enormous impact on your retirement readiness. David Wilson will walk us through SEP IRAs, SIMPLE IRAs, and SOLO 401ks and give us some important questions to think about.

Welcome to the inaugural Financial Truths podcast with David Wilson, Certified Financial Planner. In this first episode, we'll learn a little bit more about David, what's behind his company's recent name change and why he's starting this new podcasting venture.