Episode 5 of Season 3 of Retire Hour. Matt Goolsby is joined by three financial advisors from Market Advisory Group, in studio by Danny Goolsby, Larry Kloefkorn remotely in Wichita, and Jonathon McCoy remotely in Kansas City. They talk through what a succession plan looks like if your advisor happens to retire before you and income planning in a post-pandemic world. Then in the “Find the Fees” Segment they walk through the pros and cons of pre paid funerals. Matt is then joined by Bill Vawter, of Market Medicare Advisors to answer a listeners question about the process of changing their name on Medicare and Insurance policies. Next, Matt is joined by estate planning attorney Gerald Eidelman to an answer a listeners question about revocable trusts. Lastly, Matt is then joined lead CPA of Market Tax Services, Joshua Cicora to discuss the potential taxes on inheritances and trusts.
Intro: 0:00
Financial Advisors: Your Succession Plan (Retiring before your advisor) - 0:21
Financial Advisors: Rethinking income during pandemic - 8:52
Financial Advisors: Prepaid funeral fees (Find the Fees) - 15:58
Medicare Advisor: Listener Question - Changing name on Medicare and Insurance Policies - 22:43
Estate Planning Attorney: Listener Question - Revocable Trusts - 30:17
CPA: Taxes on inheritances & trusts - 39:13
Credits: 45:19
Learn more about the show, the team behind it, and where else to listen at: https://retirehour.com
Retire Hour is a weekly radio show and podcast. This financial education resource is for those approaching retirement, or seeking knowledge investing, income planning, taxes, medicare and estate planning.
