Sep 26, 2019
In episode 194 of Financially Simple, Justin continues his overview of Investing 101 and takes a look at Non-Qualified Investments.
From a personal finance perspective, Non-Qualified investment accounts can have different uses depending on the type of account. Justin goes over the different types of accounts and gives advice on what each account is useful for and what to avoid.
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00:49 - Non-Qualifying Investments
01:12 - What Does Non-Qualified Mean?
02:03 - Individual Accounts
02:42 - Joint Tenant With Right of Survivorship
06:34 - Community Property
07:12 - Tenants in Common
07:56 - Tenants By Entirety
10:33 - Convenience Account
12:02 - Payable on Death & Transfer on Death
13:17 - Custodial Account
14:22 - Estate Account
15:13 - Conservatorship Account
15:37 - Guardianship Account
15:57 - Wrap Up
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Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.