We hear a lot of talk about the different generations of people today, but one thing is certain – each generation is unique, and their financial and tax goals are as well. Cindy Kula, tax planning virtuoso in Rea’s Cleveland office, joins unsuitable again to talk about tax planning strategies for different generations and why financial and tax planning strategies are essential, particularly among the younger generations.
In every aspect of life, children learn what they live through and observe – and that’s especially true for financial habits. If parents save and accumulate wealth, or practice smart spending strategies, children learn that, consciously or unconsciously. So demonstrating good tax planning and spending strategies is one of the best things you can do to set your children up for financial success in the future.
If you are in a multi-generational household, you will be interested in these other topics discussed in this episode:
- Why we need to understand the uniqueness of each generation.
- How our different financial stages of life accompany different life events, creating financial events.
- How to integrate financial and tax planning in a multi-generation setting.
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Millennials Want To Save For Retirement – these tenacious young workers will be looking to embark on their career. How will you help them save for retirement? After all, it’s never too early to start saving.
Are Your Children Savvy Savers? – Looking for ways to help teach your children to save? Consider leading by example!
Take Control Of Your Financial Wellness – Time to refocus on your financial fitness! Find out how with these 15 financial wellness resolutions.
Five Financial Considerations for Every Age Group – Are you on track to meet your financial goals? Review the following financial considerations for your age group and evaluate where you may fall short.
Do You Know What You’re Paying For? – A complex fee structure makes it difficult for you to meet your fiduciary responsibility to pay only reasonable plan fees. Do you know what you’re paying for?
official transcript
Click here to read the official transcript for episode 136, “Talkin’ ‘Bout My Generational Tax Planning Strategies”