052 | Planning Your Family’s Financial Legacy

Planning Your Family's Financial Legacy

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Increasing your savings, making more money and amassing wealth can have a huge impact on your personal finances. Your wealth can allow you to buy things that bring you joy, experience incredible vacations and create more free time for yourself. For some people, building wealth isn’t just about personal enjoyment. It is about leaving a legacy for your family.

Nicole and I aren’t quite at the spot where our kid’s college savings is taken care of. We also don’t have an investment account set up for them when they reach adulthood, but we sure would love to some day. First, we want to make sure our retirement goals are set. As they say, there’s no such thing as retirement loans, but student loans ARE an option.

It is never too early to learn about the options we’ll have in the future for taking care of our children and building a strong legacy. After all, the theme of this podcast and blog is all about “Strengthening our Family Tree”. That way the Hill Family (and your families) can grow, prosper and hopefully leave the world a better place than when we found it.

On the show today, I’ve invited a family focused financial planner that is discussing smart tax efficient options for securing our family’s legacy. Cameron Hendricks is a Certified Financial Planner with an advisory firm called Financial Symmetry. He works with a variety of clients helping them secure a comfortable retirement and make plans for their family’s future.

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He recently wrote a book called “Where Family & Finance Meet”. It focuses on how we can align our finances with our family values. 

What are we covering today?

Cameron and I discuss:

  • How we can plan for our kids to go to college
  • Why cash might be the worst gift for your kids
  • What tax-efficient routes are available to leave the best legacy for our children

If you’re interested leaving a legacy for your children and don’t know some of the best ways out there, join us for the next 30 minutes. I learned a lot from Cameron and I know you will too.

CLICK THE PLAY BUTTON ABOVE OR LISTEN ON ITUNESGOOGLE PLAY OR STITCHER.

Show Resources

(*The resources below may contain affiliate links that will support the management of this site and podcast – thanks!)

Andy’s Top 5 Personal Finance Books

Free Audiobook with Audible

Cameron’S RESOURCES

CAMERON’S NEW BOOK: Where Family and Finance Meet

RECOMMENDED BOOK: The Behavior Gap by Carl Richards

RECOMMENDED BOOK:  Legacy Journey by Dave Ramsey

CONTACT CAMERON:  FinancialSymmetry.com

Support this Show

If you enjoyed this podcast episode, here are some excellent ways to support the show:

I truly appreciate the podcast love everyone!

Carpe Diem Quote

“All good men and women must take responsibility to create legacies that will take the next generation to a level we could only imagine.” -Jim Rohn

What are your family values?


 

Author: Andy Hill

Andy Hill, a mid-30’s father of two living in the metro Detroit area, pens the MarriageKidsandMoney.com (MKM) blog taking you through the trials and tribulations of being a young parent and husband who is planning for his family’s future and winning with money.

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