Smart Money Questions

Weekly investing and financial planning wisdom seeking to provide answers to your financial questions with your host, Matt Hausman.

What to Know About Legacy and Estate Planning

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When making your legacy and estate plan, it’s crucial to know how taxes will affect that plan. Matt explains why you want to be careful and shares some real-life examples.

 

Read more and get additional financial resources here: https://wp.me/p9B077-MD 

 

What we discuss on this episode: 

2:28 – Charities and individuals

6:00 – How much money should go to each?

9:50 – Moving to a new state

13:46 – Additional properties

16:35 – Question: What is a reasonable amount to leave as a legacy?

What to Know About the Latest COVID Stimulus Package

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At the end of 2020, Congress passed a $900 billion Covid relief package. We’ll go over some highlights and what you should understand moving forward.

 

Read more and get additional financial resources here: https://wp.me/p9B077-Mu 

 

What we discuss on this episode: 

2:56 - $600 payments

6:51 – PPP loans

8:19 – Unemployment

9:08 – Social Security

10:54 – Qualifying medical expenses

13:05 – Charitable contribution benefits

14:40 – Meal expense deductions

15:32 – Student loans

16:58 – Flexible spending account

18:08 – What’s not in the stimulus package

19:35 – More on student loans

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