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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BLOG: Non-Qualifying Investments
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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Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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