Why Time Is Money: Saving for Your Kids' Future the Smart Way
Asset Protection Today with Bill Alexander
Money loses half its value every 20 years — are you planning for that? In this episode of Asset Protection Today, elder law attorney Bill Alexander breaks down how inflation quietly erodes your family's wealth, and why saving for your kids' and grandkids' retirement matters more than saving for college. Bill shares a personal story about 15-cent movie tickets to explain the real cost of inflation over time, then dives into the financial literacy most of us were never taught in school — from compounding interest to credit card debt to mortgage payoff strategies. He explains why each...
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Trump Accounts Explained: How Parents Can Build Tax-Free Wealth for Their Children
Asset Protection Today with Bill Alexander
Trump Accounts Explained: How Parents Can Build Tax-Free Wealth for Their Children What if you could start building a retirement nest egg for your child or grandchild while they are still young? On this episode of Asset Protection Today, attorney Bill Alexander explains the new 530A accounts, commonly known as “Trump Accounts,” and how families may be able to use these accounts as a long-term wealth-building strategy. Bill breaks down how 530A accounts work, who can establish an account, contribution limits, the $1,000 government seed contribution for qualifying children, and how decades...
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When To Convert A Retirement Account To An IRA
Asset Protection Today with Bill Alexander
Bill goes through scenarios of when it makes sense to convert a retirement account to an IRA.
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When To Retire
Asset Protection Today with Bill Alexander
Important concepts to consider before you retire and how to set yourself best for asset protection in retirement.
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After Caregiving
Asset Protection Today with Bill Alexander
Bill continues his conversation with Diane Surgeon as the subject shifts to what you need to do once your caregiving journey has concluded.
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Caregiving Respite
Asset Protection Today with Bill Alexander
Bill welcomes attorney Diane Surgeon to discuss how taking care of yourself when in a caregiving role is an essential part of life planning.
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Minimum Required Distributions
Asset Protection Today with Bill Alexander
Bill breaks down what you need to know about taking money out of a retirement account, before and after retirement.
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401K Mistakes
Asset Protection Today with Bill Alexander
Bill describes how 401K retirement accounts work and how to avoid some common mistakes.
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Long-term Care Options
Asset Protection Today with Bill Alexander
Bill dives in to the options and costs of the various forms of long-term care that are available.
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Umbrella Insurance
Asset Protection Today with Bill Alexander
Bill explains what umbrella insurance is, how it should be used, how much you should have and why it's more important than you think.
info_outlineBasic asset protection planning consists of four main components to make sure you are well protected.
The first and most important component is a good liability insurance policy—and that normally means an umbrella policy to give you adequate coverage. You need to take care of this component first, which makes the other components work. Secure the policy before the fact and before it is too late.
Also in this component is auto insurance. In this episode, Bill tells the story of one client who had a wonderful asset protection plan unraveled by a mistake with auto insurance. Bill also explains the importance of having "Med Pay" in your policy.
If you or your loved have questions about asset protection, or would like to know more about government assistance programs such as Medicaid, Veteran’s Benefits, or other Special Needs programs, consider W.G. Alexander & Associates – we are experienced attorneys who offer a unique blend of asset protection, Elder Law and estate planning. You can also attend our free seminars, learn more through our website at www.wgalaw.com, or call us at (919) 256-7000.