Olivia speaks with attorney Emily Baggett regarding digital assets and estate planning. Olivia and Emily help you sort through your digital affairs by identifying what digital assets include: monetary accounts, points accounts, creative content, monetized social media accounts, and store accounts. Digital estate planning helps you decide if you want to transfer, distribute, preserve, destruct, or neglect the asset. The digital consumer should also consider what to do with their overall ‘online presence’ once deceased, including non-monetized social media accounts, email accounts, gaming accounts/profiles, professional electronic files, memberships, subscriptions. And what about your cellphone? Resource alert: Take a peak at the Digital Legacy Clinic offered by the University of Colorado Boulder, where pro-bono tech support services are provided for the dead, dying and their family members - https://www.colorado.edu/center/digital-legacy/

For general estate planning, check out a previous episode with Emily athttps://rss.com/podcasts/psyfi/601664/

Olivia takes you on a metaphorical nautical journey to navigate through turbulent financial waters by 1) mapping out your financial destination; 2) using your financial navigational tools; 3) understanding financial dangers; 4) regaining financial control; 5) identifying allies; and 6) recalculating.

Links:

www.annualcreditreport.com

https://extension.usu.edu/powerpay/

Many give up on financial planning before they start, and it’s no wonder! There are so many things to know! Olivia validates and empathizes with the listener but helps focus your attention on 6 areas to explore to create some sense of direction and movement: spend-planning, tax-planning, debt management, saving/investing, retirement planning, and estate planning.

FINANCIAL WELL-BEING: Civilian, Military

STARTER SPEND PLAN

Net Worth Spreadsheet

IRS TAX WITHHOLDING ESTIMATOR

FSA HEALTH CARE AND DEPENDENT CARE

IRS TAX WITHHOLDING ESTIMATOR

CHECK YOUR CREDIT REPORTS ANNUALLY

POWERPAY

TSP WEBINARS

COMPOUND INTEREST (& OTHER CALCULATORS)

RISK TOLERANCE QUIZ

FINRA BROKER CHECK & BARRED BROKERS

FINRA INVESTMENT COURSES

FINDING A FIDUCIARY CERTIFIED FINANCIAL PLANNER

GRB CIV PLATFORM

FERS & CSRS PRE-RETIREMENT WEBINARS

SOCIAL SECURITY

It’s graduation season, so why not gift your graduate with the gift that keeps on giving: financial knowledge! Author Freddie Grant provides a succinct, easy-to-read book for teens to understand Personal Finance. The subtitle of the book captures its essence: The Ultimate Guide to Budget, Save, and Invest for Early Financial Independence. Set up coffee dates, a book club, or mentoring sessions with your teen, learning how to create and share each other’s financial vision. (If you have a college graduate, scroll below into episodes 14 and 15 of Season 2 for the book review on The Talk: About Money.) Army Endorsement not implied. There are several financial books for teens and young adults to choose from. Olivia simply wants to help you get a jump-start on your research.

It’s graduation season, so why not gift your graduate with the gift that keeps on giving: financial knowledge! Author Freddie Grant provides a succinct, easy-to-read book for teens to understand Personal Finance. The subtitle of the book captures its essence: The Ultimate Guide to Budget, Save, and Invest for Early Financial Independence. Set up coffee dates, a book club, or mentoring sessions with your teen to hold each other’s “money-making mind” accountable. (If you have a college graduate, scroll below into episodes 14 and 15 of Season 2 for the book review on The Talk: About Money.) Army Endorsement not implied. There are several financial books for teens and young adults to choose from. Olivia simply wants to help you get a jump-start on your research.

Written by Elizabeth Dunn and Michael Norton, Happy Money address that you may be spending your money wrong if it’s not bringing you joy. Olivia flips the script and applies the pay now, consume later to retirement, where the act of saving becomes an investment in our future well-being. The benefits of delayed gratification, the joy of anticipation, and making a future experience taste free are also explained.

Written by Elizabeth Dunn and Michael Norton, Happy Money doesn’t discourage spending in and of itself but rather encourages incorporating new spending behaviors. Olivia continues where she left off, introducing the concept of buying time and paying now/consuming later.

Written by Elizabeth Dunn and Michael Norton, Happy Money encourages the consumer to experiment with various spending habits that truly cultivate a sense of overall well-being, such as buying experiences, buying time, making purchases a treat, and practicing delayed consumption (aka Happy Money principles). Notably, these spending methodologies will not require an increase in income, but rather a strategic reallocation of existing assets to make your money happy again.