In some states, probate is avoidable. However, in many states, you can avoid having your estate go through the probate process. I recently went through the probate process when my grandfather passed away and I helped my father settle his estate. It is far easier for your family to settle your estate once you’re gone if it doesn’t go through probate. So, in this episode, I’ll cover 7 things you can do to keep your estate from landing in probate.

• [1:57] Settling my grandfather’s estate
• [4:06] Tip #1: Give things away while you’re alive
• [5:50] Tip #2: Own your real estate jointly
• [7:16] Tip #3: Joint ownership for non-real-estate
• [9:43] Tip #4: Use a “Payable Upon Death” account
• [11:46] Tip #5: Designate beneficiaries on accounts
• [13:07] Tip #6: Designate a beneficiary for vehicles
• [13:52] Tip #7: Create a living trust
• [16:27] Probate is unavoidable in many states

• Retirement Readiness Review
• Subscribe to the Retire with Ryan YouTube Channel
• Federal gift tax allowance

www.MorrisseyWealthManagement.com/contact

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Protecting your finances from hackers is more critical than ever. Cybercriminals are getting more sophisticated, accessing sensitive information like social security numbers and attempting to steal directly from financial accounts.

I recently experienced this firsthand when someone impersonated one of my clients. The fraudster knew my client’s social security number and tried to withdraw funds under the guise of an emergency.

Fortunately, we were suspicious and confirmed the scam before any money was lost. This encounter highlights the importance of being proactive about securing your accounts. That’s why, in this episode, I’ll share seven essential steps to protect your Schwab accounts from hackers.

• [1:22] Join a live in-person retirement readiness workshop or sign up online
• [1:56] What happened when a hacker tried to access a client’s account?
• [3:37] Step #1: Make sure your email is secure
• [5:00] Step #1: Protect your passwords
• [5:56] Step #3: Keep your web browser up to date
• [6:48] Step #4: Set up online access to your accounts
• [9:30] Step #5: Turn on alerts on your Schwab accounts
• [12:31] Step #6: Monitor your monthly statements for suspicious activity
• [13:11] Step #7: If you’ve been hacked, call Schwab

• Retirement Readiness Review
• Subscribe to the Retire with Ryan YouTube Channel

www.MorrisseyWealthManagement.com/contact

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Age 59 ½ is the magic age at which you can start taking distributions from retirement accounts without a penalty. This listener is wondering if he can convert part of his IRA to a Roth IRA even though he’s not 59 ½. And if he goes ahead with the conversion, will it be subject to the 10% penalty? Listen to this episode to find out.

• [1:09] Attend a Retirement Readiness Review Workshop
• [2:26] The basics of a Roth IRA/Roth conversion
• [5:18] The first way you can do a Roth conversion
• [8:20] How to do a conversion with an existing IRA
• [9:00] What can be converted to a Roth IRA?
• [9:45] When a Roth conversion makes sense

• Retirement Readiness Review
• Subscribe to the Retire with Ryan YouTube Channel

www.MorrisseyWealthManagement.com/contact

Subscribe to Retire With Ryan