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The Your Life, Your Money Podcast helps you thrive in life, wealth and retirement. The show is designed to navigate the complexities around money, building and securing wealth, and achieving financial independence. Scott Sierens, financial advisor at Sierens Financial Group, will provide thoughts, strategies, and ideas on each episode to help you make smart and sound financial decisions. The goal is to take complex financial subjects and make them simple and easy to understand so you can feel confident to take action, enjoy life, and eliminate financial stress and anxiety.

Scott, along with guests from across various industries, will cover topics such as tax savings strategies, investment and wealth management, IRAs, 401(k)s, retirement planning, income strategies, pensions, estate planning, social security, healthcare, and much more.

Retirement isn't an age or number. It's finding the balance between living life today and feeling financially confident about YOUR tomorrow.

Ask Scott your questions by calling 847-235-6989 or check out our podcast website at https://lifemoneyshow.com for more resources.

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  2. Ep 91: 5 Beneficiary Mistakes – Are You Accidentally Spoiling Your Retirement Plan?

Ep 91: 5 Beneficiary Mistakes – Are You Accidentally Spoiling Your Retirement Plan?

Feb 9, 2023

You’ve worked hard for your savings and investments, and we’ve found that most people want to make sure that those funds pass on to someone that’s important to them when they pass.

 

In this episode, Scott will address five, unfortunately, common beneficiary mistakes. These could cost you and your loved ones dearly, and end up spoiling an otherwise well done retirement plan.

 

Here’s more of what you’ll learn on this episode:

  • The troubles that could happen when naming minors as your beneficiaries. (3:53)
  • Why you want to coordinate your beneficiary designations with your will. (10:30)
  • The risk of not naming alternative or successor beneficiaries (14:28)
  • Why you don’t want to name your personal estate as a beneficiary. (15:58)
  • Errors that we see people make in their accounts. (17:07)
  • A few other things to check for. (18:07)

 

Want to get in touch?

Web: https://sierensfinancialgroup.com/

Email: office@sierensfinancialgroup.com

Phone: 847-235-6989