Mailbag: Should I Get a Prenup?

Equipping Points:

What are the financial implications of getting married later in life? There are a lot of variables that go into this financially speaking. Have you talked through what happens when one of you passes away? Do you or your fiancé have children? Eric and Marc go over what this may look like and also answer two other questions from the mailbag.

Which of these sayings relate to your financial life? 

  • Mailbag: How complicated is a 401(k) rollover? [spp-timestamp time=”0:47″]
  • Mailbag: Should I get a prenup before marrying at age 52? [spp-timestamp time=”3:47″]
  • Mailbag: What do I need to know about an inherited IRA? [spp-timestamp time=”8:54″]

If you have any questions about what we discussed on the show or want to follow up with any financial planning questions of your own, get in touch with us and schedule a visit here. 

 

Today’s Takeaway:

Related Resources:

More From Eric:

The host: Eric Peterson - Contact - Call: (515) 226-1500

Subscribe To The Podcast:

Apple Podcasts  -  Google Podcasts  -  Spotify  -  Stitcher  -  iHeartRadio  -  TuneIn

Check out some other recent episodes

Finding Financial Silver Linings

December 19, 2024

Throughout our lives, there will be times when the markets rise and times when we experience downturns. Largely, we don’t have control over the circumstances we’re dealt, but we do have control over how we respond to those situations.

Read More

Unasked Retirement Questions You Shouldn’t Ignore

December 12, 2024

Tune in to this episode with Eric, as he breaks down some frequently unasked retirement questions that are very important to consider.

Read More

The Diverse Definitions Of Diversification

December 5, 2024

Diversification is one of those buzzwords you hear often in financial planning. While many people know it’s important, few are clear on what it actually means when applied to various aspects of their financial strategy. In today’s episode, Eric and Marc will bring you the diverse definitions of diversification.

Read More

The Use Of Technology In Financial Planning

November 26, 2024

As technology keeps advancing, it’s made our lives easier in so many ways. Tasks that used to need outside help can now be done on our own with just a few clicks. This shift has also brought more accessible online financial tools, but how accurate and helpful are they really?

Read More

Retirement Planning Conversations With Dorothy Parker

November 21, 2024

Dorothy Parker is one of the great writers of the 20th century. Her wit and prose have been appreciated by readers for generations. But are there any lessons we can learn when it comes to finance with some of Parker’s most well-known quotes?

Read More

Mailbag: Moving To A State With Income Tax And More

November 14, 2024

In this episode, Eric is answering your questions! We’ll cover a range of topics today, including key considerations for income taxes when moving to a new state, how to initiate financial conversations with parents or grandparents, and whether using a life insurance policy to save for a college fund is a wise choice.

Read More

What Is Lazy Money?

November 7, 2024

What is lazy money and why do you want to not have too much of it in your retirement portfolio? Simply put, lazy money is money that isn’t growing as much as it could be. Having your money grow and work for you is a key part of building a solid portfolio, so Eric breaks down some strategies to help get the most out of your money in this episode.

Read More

Retirement Planning Today Is Harder Than It Used To Be

October 31, 2024

Retirement planning simply isn’t the same as it used to be. From changes in life expectancy, the lack of pensions, and getting caught in the sandwich generation, there’s a lot to keep in mind when putting together your financial plan. Instead of taking advice from others who may have retired in a different era, it’s important to understand what strategy is right for you.  

Read More

Social Security Variables That Impact Your Claiming Strategy

October 24, 2024

After so many years of paying into Social Security, you might feel ready to reap the benefits. But before you get too eager, it’s best to have a thorough understanding of the different variables and how to best leverage them.

Read More

Retirement Real Estate Decisions: Downsizing, Snowbirding, and More

October 17, 2024

One of the key discussions you may have in retirement is what to do about the house. Should you downsize your home? Pay it off early? Buy a vacation home and become a snow bird? Eric emphasizes the importance of considering not just the financial implications but also the lifestyle changes each of these decisions entail. Weighing out the pros and cons of each decision can highlight what is right for you (which isn’t always the same as what your neighbor is doing).

Read More

Leave a Comment