Peeling Back Money and Life

In our increasingly digital world, your online presence—from financial accounts to social media profiles—constitutes a significant part of your legacy. In this episode, Casey and Mike delve into the importance of digital estate planning, offering actionable steps to ensure your digital assets are protected and accessible to your loved ones when the time comes.ResourcesDigital Estate Checklist (PDF)How to Protect Your Digital Assets – You Stay Wealthy PodcastEverplans: Digital Cheat SheetPREPARE Advance DirectiveFive WishesDefine Financial: Cybersecurity TipsEverplans: RUFADAA by StateGoogle Inactive Account ManagerFacebook Legacy Contact SettingsApple Digital Legacy ProgramBitwarden Password ManagerLastPass Password Manager

In this episode of the PBML Podcast, Mike and Casey discuss essential estate planning steps and the importance of organizing documents for loved ones. They cover:The 5 critical legal documents everyone needs for estate planningHow to create and organize a comprehensive Legacy BinderPractical tips for having difficult conversations with family membersesourceshttps://www.amazon.com/Art-Dying-Well-Practical-End/dp/1501135317The Art of Dying Well: A Practical Guide to a Good End of LifeLetter of Last Instruction Template.pdfLetter of Last Instruction Template.docxLegacy Binder Checklist.pdfWrite Your Own Obituary Template.pdfWrite Your Own Obituary Template.docx

In this episode, Casey and Mike discuss the critical importance of beneficiary designations in estate planning. They explain the differences between per stirpes and per capita designations, share real-life examples of common mistakes, and emphasize the need for regular reviews of these designations to ensure that assets are distributed according to one's wishes. The conversation also touches on advanced estate planning strategies, including the use of trusts, and concludes with actionable steps for listeners to take in managing their beneficiary designations.TakeawaysBeneficiary designations are often overlooked but crucial.Listing a beneficiary is not always enough.Proper designations can prevent probate and family conflicts.Beneficiary designations can override a will.Regularly review your beneficiary designations after major life events.Per stirpes preserves inheritance for family branches.Per capita distributes assets equally among living beneficiaries.Clear language in designations is essential to avoid confusion.Consider using trusts for complex family situations.Consult an attorney for advanced estate planning needs.RESOURCESWhat Issues Should I Consider When Reviewing My Beneficiaries?29 - What is probate and how to avoid it without creating a trust

Many people enter retirement with a financial plan, but no clear life plan. A life review is a powerful way to reflect on the past, align with your values, and shape a meaningful future. In this episode, Casey and Mike explore:✔️ What a life review is and how it differs from traditional goal-setting.✔️ Why reflecting on your life’s journey can help you live with more purpose.✔️ How to conduct a meaningful life review, including prompts and strategies.✔️ When to engage in this process to get the most benefit.We'll incorporate wisdom from Jordan Grumet (Taking Stock, The Purpose Code), Christine Benz (How to Retire), and other thought leaders such as Arthur Brooks (From Strength to Strength), David Brooks (The Second Mountain), and Viktor Frankl (Man’s Search for Meaning) to explore how reflection can shape a fulfilling life.This episode will help you pause, reflect, and ensure your next chapter is intentional, fulfilling, and deeply aligned with what matters most.Resources:📖 Arthur Brooks – From Strength to Strength📖 David Brooks – The Second Mountain🎙️ Jordan Grumet's Website & Resources📖 Bronnie Ware's Blog on End of Life Regrets📖 Bronnie Ware – The Top Five Regrets of the Dying: A Life Transformed by the Dearly Departing📖 Jordan Grumet – Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life📖 Jordan Grumet – The Purpose Code: Finding Meaning in Money, Work, and Life📖 Christine Benz – How to Retire: A Practical Guide to Knowing When, Planning Ahead, and Maximizing Benefits📖 Viktor Frankl – Man's Search for Meaning

In this episode, we dive deep into the realities of life after retirement. We'll explore the emotional and practical aspects of transitioning from a structured work life to retirement, discussing strategies for maintaining purpose, creating new routines, and making the most of this exciting phase. Whether you're newly retired or planning ahead, you'll discover actionable tips for navigating common challenges and embracing the opportunities that retirement brings.ResourcesHow to Retire: A Practical Guide as You Count Down to Retirement by Christine Benz - A comprehensive guide to preparing for and transitioning into retirementGraduation: From College to Career, From Career to Retirement by Mike Finley - Insights on major life transitions including the shift into retirementDie with Zero: Getting All You Can from Your Money and Your Life by Bill Perkins - A thought-provoking perspective on balancing saving for the future with living life to the fullest todayThe Purpose Code by Jordan Grumet