On this episode:
Financial planning can be pretty complicated. From strategies to investments to planning items, there’s a lot to learn and some of these things seem awfully similar.
In this episode of Retirease Radio, we’re going to play a little game of ‘What’s the Difference’ and highlight some of the terms that a lot of people get confused about. Maybe they don’t understand the difference between the two or maybe they don’t realize that there’s a difference at all.
The first step to a strong financial plan is understanding everything you’re invested in and this show will help clear up some of the confusion around some pretty common strategies and investments.
Specific learning points:
- The difference between Roth contributions vs Roth conversions. (2:44)
- Term life insurance versus permanent life insurance. (6:52)
- What classifies as a qualified account versus a non-qualified account? (11:00)
- The differences between variable annuities and fixed annuities. (13:42)
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Retirease Radio is hosted by Victor J. Medina, a Certified Elder Law Attorney (CELA®) and a Certified Financial Planner (CFP™). Founder of Medina Law Group & Palante Wealth Advisors, Victor and his companies are dedicated to empowering people through education about estate planning and their finances.
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