BUY TERM INSURANCE

“At 18, your child has this traditional IRA that was formerly a Trump account. You pay the tax on that to convert it into a Roth IRA. Their income tax when they're 18 is maybe very little; this may be their lowest income year, which means this is also their lowest tax owing year. The best year to convert the traditional IRA into a Roth IRA.”

“She enters the marriage with a number of trusts, with millions and millions and millions of dollars in these trusts. She is a lawyer. She went to Harvard. She gets married to this man who works in finance. And during the course of their marriage, she stops working and relinquishes all of her financial autonomy and decision making and oversight and question asking to the husband. Sound familiar?”

“What are we talking about? These are like smart walkers, glasses with lenses that provide real-time captions of conversations for those with hearing issues. A concierge service that connects older people to drivers, like think Uber, but for seniors. And then also giving them access to deliveries even if they don't have a smartphone.”

“Bottom line, everybody needs a will, which is essentially a legal document that says what will happen to your assets when you pass away. If you don't have it, and who will also take care of your children, your minor dependents, when you pass away. If you don't have this document, then the state determines this, which takes time and may not be to your wishes.”

“A Trump account is a proposed, in some cases, government-seeded investment account for children. The idea is to help build wealth from birth, zero to 18. I got to say that I feel like it's being oversold a bit, but I think I might open one up for both of my kids. And I know what you're going to say, but I have a strategy and I'm really excited about it.”

“A term life insurance policy that covers 20 years, 30 years, basically how long do you want to support your beneficiaries? If your kids are little, maybe you're thinking, I'm going to get this life insurance policy to cover them through college and maybe then some. It can be very affordable relative to whole life insurance, which covers you for your entire life. Most people just need term.”

“AI has been helping them automate work in a lot of areas like back office, areas where employees used to fill out paperwork to comply with various laws and regulations. They've collected billions of dollars in profits, all while shedding 15,000 employees and many of them saying, it's thanks to AI.”

“Wall Street Journal reports that Americans are getting more worried about having enough money for a comfortable retirement. Some 61% of workers are very or somewhat confident in having enough resources for retirement. That's down from 67% last year and a recent high of 72% in 2021. It's the lowest point in this survey in nearly a decade.”