The Value of a Financial Advisor in Your Corner
Aug 19, 2024 ·
40m 42s
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Description
In this conversation, Mark and Suzanne discuss various topics related to personal finance and small business ownership. They touch on the importance of estate planning, the role of a financial...
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In this conversation, Mark and Suzanne discuss various topics related to personal finance and small business ownership. They touch on the importance of estate planning, the role of a financial advisor, the benefits of maxing out 401(k) contributions, and the need for small business owners to file a beneficial ownership report. They also emphasize the value of summer jobs and internships for young people, the strategic use of credit, and the importance of networking. The conversation concludes with a reminder to visit their website for more resources and information.
Takeaways
Sound Bites
00:00Estate Planning and Power of Attorney
05:31The Role of a Financial Advisor
15:05Maximizing 401(k) Contributions
18:19The Value of Summer Jobs and Internships
23:32Using Credit Strategically and Understanding Your Paycheck
30:36Small Business Ownership: Benefits and Filing Requirements
show less
Takeaways
- Estate planning is crucial for protecting your assets and ensuring a smooth transition for your loved ones.
- Having a dedicated financial advisor can provide valuable guidance and support in managing your finances.
- Maximizing contributions to your 401(k) can lead to significant tax advantages and long-term growth.
- Summer jobs and internships offer valuable opportunities for networking and gaining real-world experience.
- Using credit strategically and understanding your paycheck are important aspects of financial literacy.
- Small business ownership can provide additional income and tax benefits, but it requires careful planning and compliance with filing requirements.
Sound Bites
- "A durable power of attorney is the only power of attorney that works when you're incapacitated."
- "Having a financial advisor in your corner is important for navigating the complexities of personal finance."
- "Maximizing 401(k) contributions is like getting free money and offers significant tax advantages."
00:00Estate Planning and Power of Attorney
05:31The Role of a Financial Advisor
15:05Maximizing 401(k) Contributions
18:19The Value of Summer Jobs and Internships
23:32Using Credit Strategically and Understanding Your Paycheck
30:36Small Business Ownership: Benefits and Filing Requirements
Information
| Author | Suzanne Porske |
| Organization | Suzanne Porske |
| Website | - |
| Tags |
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