Asset Protection

Strategies and instruments (insurance, trusts, LLCs, annuities, tax-favored accounts) for protecting assets from creditors, taxes, lawsuits, estate issues

Finance - Budgeting - Financial Planning - Accounting - Asset Allocation - Taxable and Tax-favored Accounts - Cash

Asset Location: Taxable vs. Tax-favored Accounts (401k, IRA, HSA)

Asset Location (AKA Asset Placement) is a strategy for organizing your assets in an optimal way that helps you meet your financial goals. In the previous episode, we focused on asset location strategies for reducing taxes and simplifying your tax return. In this episode, we focus on asset location considerations for allocating capital between your taxable and tax-favored accounts (TFA) such as 401(k), IRA, and HSA. Topic discussed: (1) Seeing TFAs in a different light and deciding what your long-term strategy is for each account, (2) Using your projected tax liability to help guide your allocation, (3) deciding what assets you want to invest in, which will help determine your allocation, (4) Asset protection. Visit us at biggerinsights.com to request a consultation or read our blog. Please consider making a non-deductible contribution to help us keep this podcast going. OpenAlias: contribute.biggerinsights.com. Monero (XMR), Bitcoin (BTC), and Litecoin (LTC) addresses at biggerinsights.com/support-us. Disclaimer: We are not attorneys, CFAs, CFPs, CPAs, tax attorneys, or enrolled agents, and nothing in our podcast is tax, financial, legal, or other advice. We highly encourage you to consult your attorney, tax, and financial advisors before making any changes to your legal, tax, or financial situation. (C) 2023 Bigger Insights, LLC. All rights reserved.

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Legal Document - Contract - Agreement - Asset Protection - Estate Plan - Trust - Living Trust - Last Will

Living Trusts: What and Why You Need One

1 out of 3 US adults have an estate plan. 3 out of 3 need one. Revocable living trusts are powerful, flexible estate planning instruments which all adults should seriously consider, especially if there are children or significant assets involved. In this episode, we detail the advantages and disadvantages of living trusts. We also discuss the risks and headaches of dying either with only a last will or no estate plan at all (intestate), which furthers the case for having a living trust. Visit us at biggerinsights.com to request a consultation or read our blog. Please consider making a non-deductible contribution to help us break through Big Tech suppression and keep this podcast going. OpenAlias: contribute.biggerinsights.com. Monero (XMR), Bitcoin (BTC), and Litecoin (LTC) addresses at biggerinsights.com/support-us. Disclaimer: We are not lawyers or other legal professionals and do not practice law in any regard. Nothing in this episode, our podcasts in general, or our website should be construed as legal advice. The content of this episode is specific to the United States and may vary depending on your state and local jurisdiction. Although believed to be accurate as of the date of publishing this episode, some of this information may be inaccurate, may not be appropriate for your situation, or may change as the laws change. We encourage you to discuss any of this content with a qualified and competent lawyer in your jurisdiction.

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