Financial Mailbag: Gifts to Children, Roth Conversions, & Life Insurance

Retirease Radio with Victor Medina CFP®, RICP®, CELA®

It’s time to open up the mailbag on the show and answer a few financial questions that we’ve gotten recently. Listen as Victor addresses situations dealing with helping your adult children financially, making Roth conversions, and determining how much life insurance is needed.

Today’s show will cover three topics that almost everyone will face so this conversation should be very insightful. Victor will share his approach to each of these scenarios and explain how he works through them with clients to find the best strategy moving forward.

Here’s some of what we discuss in this episode:

• What’s the best way to help an adult child financially? Is it college funds, daycare, retirement, or something else?
• What you need to consider before converting a large amount of money into a Roth
• How much life insurance do you need to have on the main breadwinner of the family?

About Retirease Radio:

Retirease Radio is hosted by Victor J. Medina, a Certified Elder Law Attorney (CELA®) and a Certified Financial Planner (CFP™). Founder of Medina Law Group & Palante Wealth Advisors, Victor and his companies are dedicated to empowering people through education about estate planning and their finances.

Connect:

Medina Law Group: https://www.jerseyestateplanning.com/

Palante Wealth Advisors: https://palantewealth.com/