Joel Garrett, CRPC, CPFA Wealth Advisor

https://www.wealthstandardfinancial.com/insights/blog/what-you-need-to-know-when-choosing-the-right-trustee/

Choosing the Right Trustee for Your Estate Plan What should you know when choosing a trustee for your estate plan? Find out how to pick the right trustee for your will.

On-Demand Webinar | Revocable Living Trusts as part of an Estate Plan Our latest webinar, Revocable Living Trusts as part of an Estate Plan with Carson Group's Director, Trust Services Scott Berryman and Manager and Sr. Wealth Planner Tom Fridrich is now available for viewing on–demand.

Wealth Standard Financial - Understanding Wills & Trusts - Download While it's easy for people to back-burner estate planning due to busy schedules, or thinking they've got plenty of time to get around to it, doing so can result in property and financial assets passing to unintended heirs in unintentional ways.

https://www.wealthstandardfinancial.com/insights/blog/mastering-your-finances-a-guide-for-new-college-graduates/

Mastering Your Finances: A Guide for New College Graduates — Wealth Standard Financial Learn how to set yourself up for future financial success after graduating college. Read our financial guide for new college graduates to get tips on how to save money and manage debt.

4 Pitfalls of Not Having a Financial Plan — Wealth Standard Financial What happens if you don’t have a financial plan? Learn why you need a financial plan by reviewing the four potential pitfalls of failing to properly prepare for your financial goals.

https://pages.wealthstandardfinancial.com/HWgQAP_resource?guidekey=multigenerational-family-wealth&_gl=1*1cujysl*_ga*MTgzNDQzNTU2Ny4xNjY4ODA1NTI0*_ga_6944K2E7KM*MTcxNzAwMTI3Mi4xOTYuMS4xNzE3MDAyMzA1LjAuMC4w&_ga=2.86588240.939234138.1717001273-1834435567.1668805524

https://www.wealthstandardfinancial.com/insights/blog/when-should-i-start-worrying-about-putting-together-my-estate-plan/

When Should I Start Worrying About an Estate Plan? Who needs a will? Who needs to have a trust? Learn more about when should you create an estate plan and what estate planning documents you need to include.

https://www.wealthstandardfinancial.com/insights/blog/helping-aging-parents-manage-and-protect-their-finances/

Helping Aging Parents Manage and Protect Their Finances — Wealth Standard Financial As your parents get older, they may need help with managing finances. How should you talk about money with your parents and where do you begin to assess their financial situation?

https://www.wealthstandardfinancial.com/insights/blog/6-signs-its-time-to-ditch-diy-retirement-planning/

6 Signs It’s Time to Ditch DIY Retirement Planning — Wealth Standard Financial At some point, most of us need to graduate from the DIY approach and seek advice from a retirement planning professional. Here are six signs you’re ready for retirement planning help from a financial advisor.

https://www.wealthstandardfinancial.com/insights/blog/4-moves-you-can-make-with-your-old-401k/

4 Moves You Can Make with Your Old 401(k) — Wealth Standard Financial If you’ve changed jobs, you need to consider what to do with your old 401(k). Let’s go over the four things you can do with your old 401(k) to help you move on to your next great career adventure.

https://www.wealthstandardfinancial.com/insights/blog/heres-your-financial-planning-starter-pack/

Your Retirement Planning Starter Pack — Wealth Standard Financial Whether you’re just getting started with retirement planning or you need a refresher, check out these retirement planning basics to help you pursue your retirement dreams.

It’s Tax Season! I wanted to share a newsletter with some tips and info that could help you if not now, then for upcoming years.

Making the financially complex less "TAXING" You CAN find ways to help your tax situation. It's Tax Season! By now you are probably knee deep in preparation for your 2023 taxes. But it's never too late to learn more about how to make your ta

https://www.carsongroup.com/insights/blog/ais-meteoric-rise-is-backed-by-the-cash/

AI’s Meteoric Rise Is Backed by the Cash “AI is no longer science fiction; it’s science fact. It’s woven seamlessly into the fabric of our daily lives, from the moment we wake up to the moment we go to sleep.” – Fei-Fei Li, Stanford University This earnings season has highlighted how rapidly artificial intelligence is becoming a ...

Are you sure you are capturing all of the LEGIT tax loopholes out there? Take a look at this guide to make sure you aren't missing out.

Wealth Standard Financial - 8 Legitimate Tax Loopholes You May Be Missing - Download As you reflect on the past year in preparation to meet with your accountant, consider these loopholes that may help you dodge the taxman. Get our step-by-step guide.

Tax season is near so what are some LEGIT ways to reduce taxes on retirement income??

Did you know that income from certain sources may not be subject to federal income tax. If you learn how to structure your retirement income right, you can legally minimize how much you pay in taxes!!

Here are some ideas:

1. Social Security benefits--if your provisional income is below a certain amount, you could avoid federal income taxes!

2. Health Savings Account distributions--contributions are tax-free, they, grow tax free, and qualified withdrawals are tax-free --> the Trifecta of tax advantages!

3. Reverse mortgage payments-- as a lump sum, monthly advance, or line of credit, there are no fed taxes!

4. Roth IRA distributions-- after age 59 1/2, these are tax free-->the SEED has been taxed already, so the HARVEST will not be!

5. Life Insurance Proceeds-- as a death benefit or as distributions from your own PROPERLY STRUCTURED cash value life insurance policy, the money from these are TAX FREE!

6. Municipal Bond interest--investing in these generally allow you make interest gains tax free!

7. Capital gains from the sale of your primary home may not be subject to taxes depending on how much you made. The gains can also be invested in the right tools which can help you DEFER, REDUCE, and ultimately ELIMINATE capital gains taxes!

8. Veterans Benefits--many benefits paid through the VA are not treated as income so therefore, no taxes!

9. Insurance premiums of retired public safety officers--first responders may be able to exclude up to $3,000 in income from retirement plans used to pay premiums for health or long-term care insurance

Of course, consult your tax professional! And if you want to PROACTIVELY plan a tax strategy, get with a financial advisor!

My go-to for print needs. Mr. Odom takes care of me.

My kids know what’s up. It tax season year-round in these parts!

Get in touch if you need help

https://calendly.com/joelgarrett

Good segment today on the Today Show on eldercare and caregiving. As the general population continues to get older on average, issues such a long-term care will become more important to plan for. Whether it's in-home care, an assisted living facility, or other medical expenses, it's only getting more expensive! Take a look:

https://www.today.com/video/how-planning-ahead-can-relieve-the-financial-strain-of-caregiving-203226693553

How planning ahead can relieve the financial strain of caregiving From continuous care retirement communities to long-term care insurance, CNBC’s Sharon Epperson shares tips on TODAY to navigate the expenses of senior caregiving.

The FAFSA has been redesigned and streamlined for the 2024-25 academic year. Learn more and find out about other noteworthy changes here.

Applying to College? These Changes to the FAFSA May Affect You By Ryan Egolf, EA, Senior Tax Planner If you or your children are in the college hunt, the prospect of paying for school could be disheartening given its

Managing family finances has become more complex than ever as the economy, job market and family structures have all undergone dramatic changes in recent years. Grab this resource to help guide you and your family through these challenges.

Wealth Standard Financial - Financial Empowerment at Your Fingertips - Download Managing family finances has become more complex than ever as the economy, job market and family structures have all undergone dramatic changes in recent years.

This happens to be one of my favorite books and is one I’ve read several times. Given its subject matter, it transcends all professions and disciplines and even helps me with being a husband and dad (I need all the help I can get 😅).

Some of the key areas it guides you on include:

-using questions to stimulate thinking
-using questions to get people to open up
-using questions to increase quality listening
-and several more…

Asking the right questions can help you gain valuable information, steer conversations, and help others (even when they don’t realize you’re doing it 😆)

As a small business owner, are you looking out for your own retirement? Grab this chart to know your options.

Wealth Standard Financial - Retirement Plans for Small Business: Comparison Chart - Download 401(k), SEP, Simple, Defined Benefit, rollovers, conversions, pre-tax, post-tax – there's a lot to think about when it comes to retirement plans. This gets even more complex as a small business owner when you're on the other side of the table.

🛠️ Mastering cash flow and retirement planning is crucial for trade professionals. Don’t let challenges catch you off guard—start early, diversify income through smart investments, consider the right insurance solutions for you, and tailor a plan for you and the challenges specific to your industry. Consult professionals and plan your financial future!

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Just like taking care of your health, planning your finances varies by decade. What you did in the 20's will differ greatly from what you do for yourself in your 50's.

Being in my 40's, there are some things I wish I would have done differently just starting out in my 20's.

So what should you do in your particular stage of life? Here are some tips.

How Will My Financial Plan Change Over the Course of My Life? By Tom Fridrich, JD, CLU, ChFC®, Senior Wealth Planner Your career and lifestyle look completely different when you’re in your 20s compared to when you’re

I'm all about preparing our kids for their financial futures. Each generation SHOULD be better than the last. In order to have lasting generational wealth (that popular concept), we have to educate and prepare our kids.

Investing in Your Child’s Financial Future: Helping Kids Develop Strong Money Management Skills Gaining financial literacy at a young age is a vital key to finding financial freedom later in life. Give your kids the lessons they need now to make better decisions about money in the future.

https://www.wealthstandardfinancial.com/insights/blog/financial-resolutions-to-take-into-the-new-year/

Financial Resolutions to Take Into the New Year Tom Fridrich, JD, CLU, ChFC®, Senior Wealth Planner Thinking about making some New Year's resolutions? Add financial wellbeing to your list. It's a

And everyone is losing their minds over Stanley??🤨

Marketing at its finest.