The One-Page Financial Plan Every Spouse Needs (FQF)

In today’s Five Question Friday (FQF) video, we cover these questions:

1. How to teach your significant other to manage the investments? (The Spouse Financial Survival Kit)
1. Start with a One-Pager
a. Accounts
b. Key Professionals
c. Withdrawal Order
d. Financial Overview Doc: https://docs.google.com/document/d/1Wb-7oXThIMJD9fzqSELZmsl01kFAu_4S/edit?usp=sharing&ouid=112866832855513642388&rtpof=true&sd=true
2. Financial Love Letter
https://docs.google.com/document/d/1qM6wE0JBn6UZjj9GiNmWMInHgoAM_cKN/edit?usp=sharing&ouid=112866832855513642388&rtpof=true&sd=true
3. Review the documents once a year

2. When to Take RMDs?
1. Timing doesn’t change amount (the amount is based on balance at end of last year)
2. RMDs must come before Roth conversions
a. https://obliviousinvestor.com/rmd-timing-the-first-dollars-out-are-rmds-and-other-considerations/
3. Take QCDs first if you plan to have them count toward RMDs
4. If needed for spending, take as needed (monthly or quarterly)
5. If not, wait until later in the year

3. How can I see the stocks owned by a target date retirement fund?
Morningstar Investor: https://go.robberger.com/morningstar/

4. How do you keep track of HSA expenses?
https://docs.google.com/spreadsheets/d/1rcVWV_-BRi2NecsJwqHv3mh0tZLZ1oFxhFakLOYcFw4/edit?usp=sharing

5. Why haven’t I done a Roth conversion yet?

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#retirement #investing #robberger
0:00 Intro
1:38 How to teach your significant other to manage the investments
10:09 When to Take RMDs?
12:56 How can I see the stocks owned by a target date retirement fund?
18:11 How do you keep track of HSA expenses?
21:15 Why haven’t I done a Roth conversion yet?

ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. I’ve since sold my websites, bought them back, and started a new website and this YouTube channel.

I’m also the author of Retire Before Mom and Dad–The Simple Numbers Behind a Lifetime of Financial Freedom (https://amzn.to/3by10EE)

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

*Disclosure*: Some of the links in this description are from partners who compensate us. This means — at no extra cost to you — I may earn money if you click and sign up for a product or open an account. This creates a financial relationship that may influence my recommendations, but I only recommend products and services I believe in and would recommend to my own mom. Advertisers have no control over my content. Read the full advertiser disclosure here: https://robberger.com/how-we-make-money/

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