Business
Leaving an inheritance is often a goal, but how can it be done effectively? We talk through the different mistakes to avoid and the things to pay attention to when estate planning. Show notes & more resources: https://doncashpodcast.com/episodes/ Episode highlights: 0:38 - How does Don like to travel? 3:30 - Baby Boomers are starting to distribute record amounts of wealth. 5:29 - What’s the average inheritance? 6:04 - Some choose to gift to their children and grandchildren while they are alive. 9:21 - How did the SECURE Act impact inheritances? 10:54 - There are designated beneficiaries and non-designated beneficiaries. 15:55 - How does the beneficiary form differ from a will? 19:36 - Cash Connection: What’s the best way to help my 18-year-old with retirement savings?