Hill & Hill Financial is here to help you navigate safely to your retirement

Hill & Hill Financial is here to help you navigate safely to your retirement

All, it's just the road to retirement in managing your assets and be able and what that is why we turn to the experts at hilton hill, morgan hill is joining us.

First of all we say welcome always good to see you and i would back a good hi-fi is a someone catches you in an elevator and what the skill and healed was the 30 second and you know we first of all, we do help folks successfully get to and through this thing called retirement most of both we work with are somewhere in their forties up until they're not about to turn 96.

I think everything in between.

But we were to focus on four key thing in order to accomplish that.

That's really the distinction w want to make sure that we have investments to create income that you know that you not goin to run out of as we live in a i guess a post-pension world number two, you will manage risk and the two big ones are healthcare and longevity.

The third is about estate planning solution to get your stuff for you need someone to help manage her stuff.

If you can.

And finally, taxes, we do a lot of planning.

We work with some great tax-preparation folk cpas and whatnot but it's heading manage all these new laws, the secure act in all of that when it comes to taxes, which is a big part of your success and we hear a lot about others.

Obviously a lot of confusion in that particular world dealing with state plan.

What's the general overview of exactly how to do you know what especially with covert had a lot of coaching or from when you do i have all my affairs in order no to be negative.

A morbid short but their concern on i put together some really simple models.

If i can design it with the circle and align units, gam plan, but fundamentally folks we all have stuff chipped you and your family.

My wife and i we got stuff usually falls into three big categories.

Real property, tangible assets get over fishing gear and clothing and that kind of thing right.

And finally, intangible assets, all of those investment in the key is this those things move different ways at different times.

It may go through a system call probate imago through operation of law.

The only things jointly that survived a someone else and then you may need things like trusts and those kinds of documents and then you have contracts where you name someon whether it's on a tank account, whether it's on brokerage or maybe an ira or some like that and people often don't hear about all the different ways and all the different methodologies and that's what often creates confusion right that brings me to the next question we hear a lot about wills is a hose to trusts out once the boil down difference between the two in which family member should have which of these documents at and personal just for a disclosure i have licenses in the area of investing in a fiduciary risk management but i'm not a licensed attorney will write on on tv charlie with a great team of licensed attorneys around eastern tennessee north georgia etc.

On one is really a subset of the other will know the basic documents folks will i'm dead.

Start visa clinical a living will.

I'm at that moment of death's door perhaps do this or don't do this chip to keep me alive right and and finally of the central powers of attorney for health and your money.

Those can be packaged inside this thing called the trust and are lots of different types of trust for the trust has usually this most common called revocable or changeable trust.

It has a document that gives you and the family powers, articles of trust you have all these within it and then you have thi extra one and i hear people go probate horrible.

You need to avoid it or trust of the worst thing in the world.

You should not have one.

And what i've discovered is there just tools.

I was recently at home depot ge an electric blower and get the leaves off my yard.

There's nothing wrong with this tool versus vista, which is what you're trying to call you wish.

We want to make sure that folks have the right tool and sometimes a trust can be good.

Sometimes a trust to be the worst idea in the world and you have those tools in your absolute help us get there organ always a pleasure.

If you want to find out more than we can possibly tell you in this brief time together by all means chec out the website and it certainly as you would look on the websit are watching the show anyone that would like a culinary copy of my book, building a better retirement you can call one 800, building a better retirement yo can call one 808