Investing Strategies for 50-Somethings pt. 2

What’s Your Quarterly Checkup? How did your money perform in Q1? What kind of grade would you give yourself? Did you get a clean bill of health, or are you feeling a bit ill? In this week’s leadoff segment, I give you a few tips on how to give your money a quarterly checkup, as doing so correctly will keep your finances in top shape.  How are Your Finances Structured?   Do you have a lot of assets? Do you have a lot of liabilities? What kind of savings accounts do you have? What about rental property income, business interest, passive income, etc.? Getting a handle on the overall structure of your finances is a big part of making sure your finances are structured to minimize your overall tax picture. In this week’s second segment, we talk about how to structure your finances properly so that you can take full advantage of your money. Plus, why you should be using a Certified Financial Planner. So, You Made it to 50… Part II  If you’re in your 50s, congratulations! Now it’s time to make sure you get your financial affairs correct. There’s not much room for error here, so it’s imperative you get it right. In our final segment, I give you the Part II of the steps you need to take if you want to make the most of your money in this critical decade, including understanding the importance of estate planning and not being over-allocated to cash. This is the decade to get serious, and this segment is the way to do it. Plus, why you must sometimes “just say no” to your kids.