In this episode Michael, CFP®, EA tackles three big listener questions. 1. How should we save for kids beyond a bank account, 2. Whether a 26‑year‑old really needs life insurance, and 3. How much life insurance should a family actually carry?

Topic overviews:

💭 Investing money for kids

💭 Why a brokerage/Non-Retirement account could be a useful family planning vehicle

💭 Tax ideas that are available when parents gift investments rather than cash

💭 Does whole life insurance make sense?

💭 How much life insurance might your family need?

💭 Why layering term policies may help match your timeline and net worth

💭 The real conversation couples should have about life insurance before choosing an amount.

Great questions, hope you find this helpful!

𝐖𝐡𝐲 𝐰𝐞'𝐫𝐞 𝐡𝐞𝐫𝐞?

We’re here to make retirement planning feel less intimidating by helping people think through their strategies and plans through clear relatable financial topics!

💬 Questions or Want to Connect?

🌐 𝐖𝐞𝐛𝐬𝐢𝐭𝐞: www.custerfinancialadvisors.com

📧 𝐄𝐦𝐚𝐢𝐥: custerfinancialadvisors@lpl.com

Chapters

00:00 Michael Bugging His Wife

01:21 Little Known HSA Strategies

06:23 What to Know for Trump Accounts

08:10 How do you Claim the Money?

08:47 Hows' the Kids' Money Invested?

09:02 Family Planning Ideas for These Accounts

09:59 Too Good to be True?

10:48 Replacing Social Security Potentially?

12:00 Is It Fair to Other Kids/Families?

12:30 Dell Accounts. Kids & Family Qualify?

13:58 Thoughts on an Investment Plan

14:28 Not Spending Enough?

17:05 Reactions to $2 Million Retirement Plan

17:23 Influencer's Investment Plan for Retirement Make Sense?

18:45 What Could Be Our Highest Spending Power?

22:26 Sequence of Return Risk

23:38 4% Rule Matter?

24:30 Who May Want All Stocks in Retirement?

25:24 Youtube Disc. TN & Words.mp4

Disclosures:

Harborfront Financial Group is a Registered Investment Advisor registered with the Securities and Exchange Commission (SEC). Registration as an investment adviser does not imply a certain level of skill or training, and the content of this communication has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority.

The information contained in this material is intended to provide general information about Harborfront Financial Group and its services. It is not intended to offer investment advice. Investment advice will only be given after a client engages our services by executing the appropriate investment services agreement. Information regarding investment products and services are provided solely to read about our investment philosophy and our strategies. You should not rely on any information provided on our web site in making investment decisions.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Harborfront Financial Group, a Registered Investment Advisor. Harborfront Financial Group and Custer Financial Advisors are separate entities from LPL Financial.

This is a hypothetical example and is not representative of any specific situation. Your results will vary. The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing. All investing involves risk including loss of principal. No strategy assures success or protects against loss.