Consider This Program 12-22-20 “A Plan With A Purpose”

Host Joe Clark, CFP and Co-host Daren Hardesty

In this week’s episode, we will cover:

• The three phases of finance for a 401(k)
• What to consider when creating a trust
• Do you really need a business plan?
• What to know before selling your business
• Why you should consider creating a plan “B”

Financial Tidbits

• “Leaving money behind the same way is not necessarily fair for everyone.” -Joe
• “Play chess, not checkers with the IRS.” -Joe
• “Do not use a premade trust.” -Joe
• “Clarifying intent will make life a lot easier.” -Joe

In This Episode:

• [ 5:25 ] The three phases of finance for a 401(k)
• [ 18:45 ] Is it necessary to have a trust?
• [ 32:05 ] Putting a business plan together
• [ 40:00 ] What professionals do I need to start a business?
• [ 47:25 ] What do you do when unexpected things happen in life?
• [ 59:55 ] What to do when you receive an unexpected amount of money

Links Mentioned: 

• Fierce Conversations: https://fierceinc.com/fierce-conversations/
• The Road Less Stupid: https://www.amazon.com/Road-Less-Stupid-Keith-Cunningham/dp/0984659269