{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"053: Planning For Young Families","description":"When it comes to planning for a young family, whether it is financial or estate planning, it\u2019s never too early to get started. Typically, young families share the same concerns and characteristics. It can be hard to navigate all the tools, information, and strategies that are out there. Many may put planning off or choose a route, not knowing if it\u2019s best for them. In today\u2019s episode of Absolute Trust Talk, we sit down with Michael Strohl, CFP(R) from Open Advisors, who is an expert in working with young families. You don\u2019t need to have a large investment portfolio to get started, but you do need smart financial advice and know-how when prioritizing. Spoiler alert: it may not be what you think. No matter what stage of planning you are in, Michael\u2019s advice will help get you started down the right path or shift the focus of where it might need to be. Tune in now and share this episode with your friends. Big Three from Episode #053: Get life insurance. Make sure your money is going into as many different buckets as possible, purposefully as you cycle through life. Besides your 401k, are you doing any systematic investing? Time-stamped Show Notes: 3:05 \u2013 Michael works with a variety of clients but has a specialty with young families in the tech sector. Here he discusses some of the common characteristics he sees when working with these families. 5:43 \u2013 Michael discusses how he gets started with a client who\u2019s struggling with financial planning. 6:44 \u2013 This is how a young family should prioritize when it comes to financial planning. 9:13 \u2013 Often, people leave money on the table or don\u2019t funnel it into the right places to meet their goals \u2013 here\u2019s how you may be getting it wrong. 11:30 \u2013 How do you get your money in the right place to meet goals? 18:40 \u2013 If someone just had a baby, what should they do? 20:42 \u2013 How much life insurance should someone have? 22:12 \u2013 To sum things up, Michael covers how to prioritize saving in different places. [Ad] It\u2019s never too early to start planning for the future. As experts in California estate law, we understand what may impact you and how to build an estate plan that meets your specific needs no matter where you are in life. Schedule a free discovery call, and let\u2019s start building your plan today.  Take the Next Step in Your Estate Planning Journey If this episode resonated with you, we'd love to help you with your own estate planning needs in California. Schedule a complimentary discovery call with our team at Absolute Trust Counsel. During this no-obligation conversation, we'll: Learn about your unique situation and goals Answer questions about our services Determine if we're the right fit to work together  Visit https:\/\/absolutetrustcounsel.com\/scheduling\/ or call 925-943-2740 to schedule your free discovery call today. Follow and Review: We\u2019d love for you to follow us if you haven\u2019t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We\u2019d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select \u201cRatings and Reviews\u201d and \u201cWrite a Review\u201d then a quick line with your favorite part of the episode. It only takes a couple second and it helps spread the word about the podcast. Episode Credits: The Absolute Trust Talk podcast is brought to you with the help of Q2Mark, led by Chief Marketing Officer Susie Hays. Since 2016, Q2Mark has partnered with Absolute Trust Counsel on all marketing communications\u2014from brand development and website design to this podcast series with over 192 episodes, social media management, video production, and more. If you're business owner looking for comprehensive marketing support, visit Q2Mark.com. ","author_name":"Absolute Trust Talk","author_url":"https:\/\/absolutetrustcounsel.com\/podcast","html":"