Show Intro (00:27)
Inheritance Conundrum: What to do and when (1:34)
- Understanding tax ramifications, gifting now vs waiting, assessing your personal long-term needs
- Acknowledging your kid’s situation, helping them now, and giving them a boost
- Importance of building out your financial plan first and finding the right kind of planner to help you
When to start Gifting (11:55)
- Putting yourself first and recognizing where you are and what you have
- Understanding the purpose of the Money to be gifted and how it is to be used
Getting on the same page as your spouse (16:37)
- Starting to talk about what you want your money to do and what would bring you the most fulfillment
- Importance of experiencing this money with your kids and the types of conversations you should be having with your planner
Aging with dignity (20:32)
- Talking to your kids about what’s important to you, wanting to age well, and recognizing we will all need to eventually rely on others
- Expressing your value systems to our children, ensuring what you want to happen can happen
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Based on lessons learned during the 2008 Financial Crisis and extensive professional experience, Ditch the Suit’s was a response to the panic induced by the COVID-19 Financial Crisis, where a collision of social fear and financial volatility, fueled by the politicization of nearly every issue, seemed to tip the world upside down. With the goal to help people avoid making financially destructive decisions, co-hosts Travis Maus and Steve Campbell produced daily recordings on a wide range of topics, such as staying positive, understanding the financial impact of new legislation, how to take advantage of the stock market when it crashes, blocking out fear-mongering, etc. which eventually gave way to the creation of the Ditch the Suits Podcast.
Ditch the Suits has become more than a podcast – it’s become a movement. Travis and Steve share their experiences and industry insights in order to help you make one good financial decision after another.
Their listeners know they will hear things from us that no one else is willing to tell them!
