8 Commonly Overlooked Financial Planning Items—Part One | Guiding You Forward
Finding the right financial strategies can take a lot of trial and error—implementing different tactics to see how they change your bottom line. Today on the Guiding You Forward podcast we’re discussing some commonly overlooked items and what you need to know about them to improve your finances.
Thalia Almazan Aguirre, marketing channel manager for Mountain America Credit Union steps behind the microphone to take us through the list.
Watch the video and learn:
- Why you should make a video featuring your big-ticket holiday or birthday gifts.
- How often you should update your will and trust.
- What your savings rate is and how it should change when you get a raise.
In this podcast episode, Thalia talks risk reduction—more commonly known as insurance! She has tips on all types of insurance like life, home and umbrella insurance. She explains why you should make a video after buying or receiving high-ticket items. Watch the full video for more tips.
Similar to insurance, there are several important pieces to the estate planning picture including wills, trusts and medical directives. The takeaway from Thalia is that it’s not enough to just draft these documents and have them in place, they must be revisited and updated regularly. Life happens—marriage, divorce, children—find out how often you should update your estate planning documents.
It’s no secret—most of us aren’t saving enough. Thalia has a tip to help with that—find out why it’s so vital to increase your savings rate as your income increases. “This ties into inflation—the $500 you saved three years ago is not going to be worth $500 in the future,” she says.
Watch the full video for more information.
