Family Finances: Educational, Estate, and Investment Planning

<p><em>As part of our summer podcast series, we're going back to the most popular topics of the past year and revisiting them once again. </em></p> <p> </p> <p>Financial planning doesn’t just give a sense of security, it also ensures your family is taken care of as well. On this episode, Joel answers nearly a dozen questions from listeners that all pertain to some aspect of family finances. </p> <p> </p> <p><strong>To read more on this topic, visit us online here:</strong> <a href= "https://johnsonbrunetti.com/family-finances-educational-estate-and-investment-planning/"> https://johnsonbrunetti.com/family-finances-educational-estate-and-investment-planning/</a></p> <p> </p> <p><strong>What we discuss on this episode: </strong></p> <p class="p4"><span class="s1" style= "color: #000000;"><strong>0:19</strong> – <em>Mailbag Question 1:</em> I always assumed I’d send my kids to an in-state college but my daughter is interested in a private school that costs six times as much. It’s hard for me to justify that kind of expense for an education.</span></p> <p class="p4"><span style="color: #000000;"><span class= "s1"><strong>4:43</strong> –</span> <span class="s1"><em>Mailbag Question 2:</em> This is a second marriage for me and my husband. We file a joint tax return but keep all other financial matters separate. Is that okay or should we be doing something different?</span></span></p> <p class="p4"><span style="color: #000000;"><span class= "s1"><strong>6:53</strong> –</span> <span class="s1"><em>Mailbag Question 3:</em> Is there a better way to save for college rather than pumping money into a 529 plan?</span></span></p> <p class="p4"><span style="color: #000000;"><span class= "s1"><strong>8:23</strong> –</span> <span class="s1"><em>Mailbag Question 4:</em> My wife is significantly younger than me and I’m guessing she’ll outlive me by at least 10 years. Do I need to get life insurance to take care of her when I’m gone?</span></span></p> <p class="p4"><span style="color: #000000;"><span class= "s1"><strong>10:10</strong