Most people don’t fail financially because they lack information. They fail because behavior breaks down when life gets emotional, unpredictable, or uncertain.

In this episode, I explain why a written financial plan changes behavior in a way advice alone never can. A real plan isn’t about predicting the future perfectly. It’s about being prepared when life changes, because life always does.

I walk through real client stories, including how one client’s commission-based income led to a larger emergency fund that later protected them after a job loss, how another client stopped emotionally reacting to market downturns once volatility was accounted for in their plan, and why even unexpected events like divorce are easier to navigate when a plan already exists.

You’ll also hear why it’s better to be approximately right than one hundred percent wrong, why gathering documents and completing questionnaires actually matters, how modern digital financial plans act as living, breathing tools, and why reviewing your plan annually is essential to staying aligned with real life.

It’s about clarity, confidence, and having a steady framework to return to when things change.

Helping you to be wise with your money!
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📝 Get your Free Retirement Plan checkup
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In this episode I walk through one of the most confusing areas in retirement planning today, the rules for inherited IRA and inherited Roth IRA accounts. I start with the simplest scenario, when a spouse inherits an IRA, and then work step by step into increasingly complex situations including non spouse beneficiaries, the ten year rule, Required Beginning Date considerations, eligible designated beneficiaries, stretch IRA rules for pre 2020 deaths, and how to determine whether the deceased had reached their RMD age. I also break down one of the most misunderstood topics in this area, what happens when someone inherits an IRA that was already inherited once before. I explain how the rules differ depending on whether the original owner died before or after the Secure Act, and when the stretch rule continues versus when the ten year clock applies. The episode also covers trust beneficiaries, see through trust requirements, five year rules, complications with multiple trust beneficiaries, and why a poorly drafted trust can unintentionally accelerate distributions. This episode provides a clear, detailed roadmap to understanding the rules and avoiding costly mistakes.

Helping you to be wise with your money!
To see more videos discussing personal finance Subscribe:
https://www.youtube.com/channel/UCbDA...

For more resources: 👉 https://wfa-nc.com/insights

📝 Get your Free Retirement Plan checkup
https://wfa-nc.com/retirement-plan-ch...

To schedule a complimentary consultation with me: 👉...

In this episode of That Financial Guy Show, Keith Wilson welcomes a special guest — his son, Jack Wilson — for a candid and entertaining conversation about how different generations think about money. From patience vs, impatience to lifestyle creep, adaptability, communication, and the classic “start early” lesson, Keith and Jack break down what younger and older investors can learn from each other.

Jack shares the real financial mindset of today’s 20 somethings, including the pressures of higher costs, student loans, and the desire for flexibility over traditional retirement timelines. Keith offers the perspective of investors who grew up prioritizing stability, consistency, and long term planning. Together, they reveal how these different money lenses can complement each other rather than clash.

The two tackle the myths each generation carries, the habits that hold people back, and the opportunities that open up when families talk honestly about money. You’ll hear about adapting to new financial tools, avoiding lifestyle creep, building patience, and using early habits to your advantage no matter your age.

If you want a fun, relatable look at money through two different generational perspectives — with plenty of father son banter mixed in — this episode delivers real insights anyone can use.

Helping you to be wise with your money!
To see more videos discussing personal finance Subscribe:
https://www.youtube.com/channel/UCbDA...

For more resources: 👉 https://wfa-nc.com/insights

📝 Get your Free Retirement Plan checkup
https://wfa-nc.com/retirement-plan-ch...

To schedule a complimentary consultation with me: 👉...