Fidelity on Wealth Mgmt - Estate Planning.

Описание: An adult spends his (or her) working years living within a budget and building wealth. That process includes allocating appropriate portions of income toward living expenses, investments, and savings. The emphasis is on monitoring cash flow for daily life, while also accumulating assets and capital.

Beyond that step, as a person grows older, he or she needs to consider the bigger picture - how the complete set of assets will be used or preserved in the future.
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This process of estate planning involves important considerations that go beyond the normal process of personal finance and budgeting. Here are some of the issues to consider:

What is the full basket of assets that one has in the first place ? What is one's "net worth" from various cash accounts and other assets such as real estate, automobiles, etc ?

How are these assets protected ? Insurance protects assets in case of unforeseen damages. Beyond that, one must protect them from fraud. There are various approaches to doing that (ie use of entities or trusts; use of identity theft protection; etc).

What portion of the the assets will be used to support one's standard of living during retirement, and how much will be passed on ? On that note, who will be inheriting the remaining assets, and how are they to be divided between the heirs ?

Going further - what is the estimated budget for one's retirement ? Besides Social Security, what sources of income will on have ? What is the estimate for expenses, including health care ? Will the income provide enough for a comfortable living, or will any assets need to be liquidated ?

Furthermore, what are the tax consequences of this plan ? Other requirements, such as RMD's, may also need to be considered.
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In this webinar, experts from Fidelity provide a comprehensive discussion of the various issues that are involved in estate planning.

Enjoy.
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Fidelity Investments is a one of the large traditional brokerage and financial services companies that serve public (retail) customers.

It provides custodian services for traditional stock market brokerage accounts, retirement accounts (401k's and IRA's), and employment equity accounts (ie a company's employee stock purchase plan and/or stock option plan).

Fidelity has recently broadened their financial market access to include cryptocurrencies and some international equities as well.

Beyond brokerage services, Fidelity also provides financial services including financial advising, estate planning, and family trust management.
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DISCLAIMER: The content here does not constitute personal financial advice. In other words, the financial experts here share their insights, assertions, and opinions, but they are not responsible for anyone's financial decisions.

Likewise, we who run this channel are not responsible for your financial decisions. We provide information and insights, but you (or those whom you officially assign) are solely responsible for your decisions.
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#finance #wealthmanagement #estateplanning
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