Irc Wealthcast

This week, the IRC WealthCast continues its focus on Generation X as we discuss the financial, emotional and legal challenges of estate planning and blended families, both those we create as well as the blended families created by our parents. In this second episode of a two-part series, we continue the conversation with two Generation Xers — Wendy Hayes, a financial analyst who works in family law, and Michelle Thompson, a financial planner with IRC Wealth and former attorney — who discuss what they’ve learned from their personal as well as professional experiences. In sharing her family estate planning nightmare, Michelle points out that her mother thought she had taken the necessary steps to ensure her desires would be carried out, but was unable to predict her surviving spouse’s actions. In her own experience as well as when working with clients, Michelle says that in the majority of cases, it’s inevitable that a surviving spouse who controls the estate will prioritize their own children over those of

With responsibility for taking care of aging parents while also raising a family, Generation X is feeling the squeeze of being a “sandwich generation.” This can be especially stressful when two thirds of Generation X say they haven’t fully recovered from the Great Recession, yet an increasing number are providing financial support for both their children and their parents. And even if elderly parents don’t require financial help, most will need assistance with managing assets, estate planning, and living arrangements. Communication, trust and transparency If this scenario sounds familiar or is on your horizon, tune in to the first in a two-part series where we discuss the steps you and your parents can take to establish communication, trust and transparency that can help: Alleviate your parents’ fears and reassure them that their wishes will be honored Avoid frustration and reduce complications in the future Maintain expectations among family members regarding roles and inheritances In this WealthCast, two

There are so many options when it comes to growing a business as a solopreneur that, regardless of whether you call yourself a solopreneur, freelancer, or self-employed, determining how to plan for growth can be challenging. In this episode, Joe chats with longtime solopreneur Jodi Hersh about the choices and considerations when you’re a company of one and want to expand. Questions to ask yourself include: Do I want to eventually sell my business? Do I want employees? Do I take OPM (other people’s money)? What does growth really mean to me? What will life be like a year from now if I make this move to grow? Why do I want to grow? Also discussed are the benefits of working with a career coach, like-minded peers, and/or an advisory board. At the end of the day, no one really cares what’s on your PowerPoint. It’s you that they are betting on when considering funding you, working with you, and buying and selling with you and for you.  There are all kinds of ways to grow; gaining revenue is not the o

The housing marketplace is hot once again. Or is it showing signs of giving way? When selling your home, what can you expect in terms of getting your price — with reasonable concessions — in the fastest time possible? Mark Takacs, a realtor from Keller Williams In Atlanta Team, shares some simple and affordable ideas, along with some specific strategies, to give you the edge. While some of this conversation is Atlanta specific, the rules apply pretty much across the board. Key takeaways In this episode, you’ll hear Mark’s creative insights into: Place your list items here Staging. Why this is much more important now that even just a few months ago. Especially if you have to sell and move fast. Changes you can make to meet your goal to sell at the highest price possible. How to price your house like Walmart and give them a Neiman Marcus experience. Why location (and location, and location) is still the foundation for creating demand for your house. Simple things to do such as decluttering, cleaning and creat

What does a business owner do when they are no longer jazzed by hitting the next milestone? What does it mean to be fulfilled and avoid business owner burnout? We understand that owning a business is neither all rainbows and ponies, nor all darkness and isolation. But what can you do to become more cognizant of the wins and losses, the dark and light, the ups and downs, and then make them part of who you and your business are while also achieving greater success along the way? Can You Really Slow Down and Be Present? Realizing that the journey can be just as exciting as reaching the goal is a perspective that many business owners never take time to experience. When slowing down makes the most sense, allows you to change direction, look outward and see the possibilities for you and your business, how willing are you to consider that? To actually do it? To slow down and ‘be’ and not just be up and running and ‘doing’? Finding the Answers Within In this podcast, Kathryn Sabol, a successful entrepreneur who s