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Voiceover: Welcome to Metcalf Money Moment, the podcast, unlock financial clarity and confidence with expert insights to achieve your goals hosted by Jeb Graham, Ethan [00:00:15] Hutcheson, and Eric Wymore. Each episode offers decades of combined expertise in wealth management, retirement planning, and more. Join us for practical strategies to inspire your financial journey.
Now your hosts.[00:00:30]
Jeb Graham: Welcome to Metcalf Money Moment, the podcast. My name is Jeb Graham with co hosts here. Eric Wymore and Ethan Hutchison. How are you guys doing? Pretty good, Jib. Thanks for having us. You're doing well. Thank you. Yeah. Well, thanks for coming guys. And, uh, [00:00:45] so this is actually afternoon. We usually record these in the mornings and this is afternoon.
So my office is a little hot. So if my face looks flush, that's what's going on here. But Hey, it's, uh, it's great. To be here today. And I think, so today what we want to talk about is, is inheriting money. We actually [00:01:00] had Eric Rome on here recently and he was talking about just estate planning. So that would be for an individual that wants to put together an estate plan.
And I know one of the things that we run into a lot with clients is we get people that are inheriting money and believe it or not, we're getting ready to get [00:01:15] more and more people that are going to inherit money. Um, if anyone's ever heard of this, there's, there's something that's about to happen. That's called the great wealth transfer.
Okay. And what that is, is if you think about it, we've got the baby boomer generation and more money is going to change [00:01:30] hands than ever before over the next 20 and 30 years, uh, actually have some statistics on that. And, uh, this is all according to chat GPT. I was doing a little bit of, um, you know, just research yesterday and they're saying that, and by the way, this is a huge range, but they're saying that between.[00:01:45]
30 trillion and 68 trillion, uh, are going to transfer from baby boomers to their heirs, which would be mainly Gen X and the millennials, uh, over the next few decades. Okay. So that's 30 to 68 trillion, approximately [00:02:00] 45 million us households are expected to receive inheritances during that period. And then it says the average projected inheritance.
Per those 45 million households is 177, 000. [00:02:15] So, and we all know this, that it doesn't matter if you inherit 5, 000 or 5 million. There's still a process that you go through and it can still be a tedious process, uh, regardless of how much money it is that you're [00:02:30] inheriting. And I think there's a few things that we want to talk about today.
First being what we would call preventative care. Okay, so these are things that you can do or you can talk to your parents or your loved ones that you're going to inherit money someday from about during their [00:02:45] lifetimes that might make that process a little bit easier. And then we also have what we consider, uh, post death, you know, of things when you start inheriting accounts and inheriting assets, just some, uh, differences between some of the accounts, some of the assets that you're going to inherit, uh, and stuff [00:03:00] like that.
And I think what we talked about and Eric and Ethan, we talked a little bit about this is just, we were going through earlier, just some case studies of our clients that we've been through that have inherited money. And I want to go through. One of them that was very, very recent. And I think this is a [00:03:15] really good lead in to this preventative care.
Um, but this is a client that came in first time. She'd ever been a client came to us because she was referred. And she had inherited money. So basically, she was a caretaker for an individual. [00:03:30] So it wasn't a family member. It was someone that she had just been a caretaker for. And he ended up passing away.
And after he passed away, she learned that she had inherited about a million and a half dollars from him. Um, along with, with it. With her caretaker's kids. So [00:03:45] she was basically the third kid in the, in the transaction, if that makes sense. And basically she came in, she needed help, right? She needed help kind of finding all these dollars.
All she had was this spreadsheet that she was given that showed all the different accounts she was inheriting and [00:04:00] then where, what financial institutions they were at. And it was a total of close to 12 financial institutions. Okay. So basically it was a six month process for her and I, and we were meeting weekly for a while, basically calling [00:04:15] institutions, tracking down the accounts, learning from these different institutions, how it is that we get the money from that institution to us.
And in a lot of these, uh, like four or five of them were inherited. I were. IRAs that she was inheriting, meaning she had to do [00:04:30] one inherited IRA, but she had to go to five different institutions to kind of get these things together and really made me kind of step back and say, there were some things that she, that, that, that, that, you know, that the individual that she was inheriting money from [00:04:45] really could have done to streamline that process and, and make, make it a smoother transition.
So, and those are things we're talking about this Eric, that we would. Consider preventative care issues, right? Absolutely.
Eric Wymore: And, and, you know, I'll go back to that initial number [00:05:00] that you threw out there. 30 trillion to 68 trillion is about ready to get moved over to the next generation. That's those are staggering numbers.
And, uh, better be, people better be prepared. And you mentioned preventative care, [00:05:15] like, and I thought about that term, like, that's a really good term. You should trademark that part. When you, when you talk about it and you're trying, you know, when you talk about healthcare, you're trying to do some preventative care to make sure that.
You know, you're eating right. [00:05:30] Your weight is right. Cholesterol is right. Blood pressure is right. Everything's in good shape. So, so you avoid those big mistakes and those big costs in the future. And that's basically what this is doing. Some setting up some kind of preventative care for your [00:05:45] finances. Um, you know, we've talked a little bit about, you know, some things that you can do beforehand.
Um, one of those things. You know, you got to plan ahead. You got to do this with a sound mind and you got to have some open [00:06:00] communication with your loved ones. Uh, whether that be, you're in a situation where you're going to need to take your parents to this, uh, to maybe the estate planning attorney, or you're going to be taking your kids to the estate planning attorney or financial advisor, but you definitely have to be [00:06:15] willing to plan ahead and have some kind of sound mind and some open communication.
But, uh, yeah, we've done this, you know, with dozens and dozens of clients in the past, you know, unfortunately. Um, they pass away and you have to help them with the distribution of the [00:06:30] assets. And, and a couple of things that we've learned along this way is some documents that you want to have, uh, you want to have in hand and right in front of you, or whether it's in a safe or, or, uh, you know, some safe deposit box at the bank and, [00:06:45] you know, Ethan, you and I were talking about a few of these, uh, the other day, and obviously number one, you got to have a list of your bank accounts.
Got to look where they're at all, all of your, your other investment accounts, where are they at or who are they with who's the financial advisor, uh, that you're [00:07:00] working with, um, You know, you mentioned a couple of the online stuff you don't even think about anymore. Yeah. The digital footprint nowadays that, I mean, my grandpa's 98 and he's got Facebook.
So, you know, figuring out what his username and password is, he [00:07:15] doesn't know it half the time, but making sure we write it down and we figure it out because when, when those loved ones are gone, you know, it might be their wish that they want to keep that page up or they might want all their social media to be deleted.
And it's a big proponent in everybody's life. So keeping passwords in a centralized [00:07:30] location is. Is definitely something we would recommend. Yeah, that Netflix, uh, you know, subscription is still going to come. Still going to come along and going to get dinged every, every month. And, you know, there's some other things, you know, proof of ownership, vehicles.
Um, well, certainly if you have any kind of cemetery, plasper, real [00:07:45] needs, all that stuff can be listed out and well organized in a, in a, in a place that, uh, you know, that, that you can have and there, you know, where your loved ones can find as well. And, uh, we'll have a sheet for you guys. It's going to be embedded in this, uh, in [00:08:00] this, uh, podcast, you can pull up the sheet yourself and take a look at some things that you want to keep in mind.
Um, you know, another thing you want to make sure that you do is you, you title things correctly, um, a good way to pass along, and this would have been beneficial. You know, [00:08:15] certainly with your case that you went through, Jeb is some of these. You know, beneficiaries, and there's a couple of ways to do it.
There's the, the retirement type of accounts, and then there's the non retirement accounts.
Jeb Graham: Yep, absolutely. So, so no doubt. And I think there's a lot of, um, [00:08:30] I don't know if there's confusion about it, but in general, most people, I think, assume that when they open up an account that there's automatically a beneficiary named on it.
And the reality is, is if you, there's certain accounts that that is true for, you know, when you're, when you're talking about an [00:08:45] IRA, a Roth IRA, an annuity. A life insurance policy. When you open those up, you're required to name a beneficiary. You just go into a bank and you open up an account. Or if you even, even with us, you know, we obviously it would never happen to one of our clients because we [00:09:00] tell them to put a transfer on death.
But if you go into XYZ custodian and open up an investment account, if it's not an IRA, that's something that you physically have to make sure that they put a transfer on death on there. And it's not necessarily automatic.
Eric Wymore: Absolutely. [00:09:15] And there's some other, you know, other little preventative, uh, care things that you can do.
And we talk a lot about this with clients and that's financial planning. There's always the kind of that extra beneficiary for, um, that you [00:09:30] might not even know about. That's the tax guy. There's always going to be some, you know, some particular accounts. We're going to get into that a little bit more, but there's definitely things that you want to do now.
Uh, when you're still alive and still able to do so and not at the [00:09:45] last minute, but if you can use some financial planning topic or financial planning, uh, beforehand, it could really make a difference. And I know that's the case that you came across with the case that you just described, but there was a definitely a financial planning [00:10:00] situation that would have been beneficial for the client that could have saved them thousands of dollars in taxes.
Jeb Graham: Yeah. Oh yeah, for sure. So that, yeah, that particular one. And that's a good, I actually hadn't thought about that, but it was, it was, she was the beneficiary of a beneficiary, if that makes sense. [00:10:15] So, so in essence, the original account was owned by one person and then the person she inherited it from inherited it from that person.
And then, so she, she couldn't actually do a beneficiary IRA. She had to cash it out. So this was an 800, 000 account that [00:10:30] had to be cashed out in one year. And now she's going to have to pay taxes on, on that whole thing. And for sure, some, there could have been some financial planning at that original institution that could have made it a spousal, uh, transfer as opposed to, to that.
So not to get into the weeds, but the [00:10:45] point is, is for sure, uh, I think one of the themes and one of the keys is, is consulting professionals, right? Whether that's a state planning attorney and especially a financial advisor as well. Absolutely.
Ethan Hutcheson: Yep. Yep. And, you know, looking forward [00:11:00] on account types, and we always talk about, like, what's the, what's the best account to inherit?
Um, you know, that's a blanket statement, but when, when we look at all the accounts that you possibly could inherit from a traditional IRA or traditional 401k, Roth IRA, Roth [00:11:15] 401k, just a joint account. A TOD account, trust account, um, you look at vehicles, tangible property, any valuables such as jewelry or gold bars, even that some people might keep in the safe, all those at some point in someone's life will pass [00:11:30] down to somebody and how those are taxed.
Um, they're all different. Um, the, the main one that we look at that is, is a fun one is, is real or tangible or non qualified assets because they get to step up in basis. [00:11:45] So, yeah. I buy a house in the 80s for 85, 000 and I go to sell that house now for 650, 000. Well, one, it's a primary residence. So the cap gains are a little bit different.
So I kind of got to step on my own toes there, but you got to gain [00:12:00] there. Okay. So at the end of the day, you sell that house. You're, you're looking at capital gains tax. Well, if you're your son or your daughter, someone inherits that they get to step up in basis. And they, they now have a 600, 000 house.
They don't have to go back and worry about capital [00:12:15] gains and when was this purchased and yada, yada, yada. So they can go ahead and do what they want with that particular property, which I think is, is a very big wealth transfer strategy. If you want to have a lot of money and you want to pass down assets to kids, do it in a way that is [00:12:30] tax advantageous to them and step up and basis some, some sort of account that has that.
Come along with it as a really attractive method.
Jeb Graham: I'll say another thing about step up and basis is that it's been around for a long time. And it's one of those things that always comes up in the rewriting tax [00:12:45] laws as something that, that they think may go away someday. And it's come up a bunch of times and it hasn't gone away.
And, uh, I mean, it's, it can be such a big deal for certain people when they're inheriting money. And like, if in the example you gave and like, say, even a more extreme example of [00:13:00] somebody that paid a hundred thousand dollars for a stock. And now that stock's worth 2 million, because they've held it for.
Years and years, if they saw that in their lifetime, you know, there's a 1. 9 million capital gain. You apply that to cap gains rate. That's several hundred thousand dollars, right? And [00:13:15] whereas if they wait, if they meet with an advisor and they wait to do that or basically to pass that down, you avoid that capital gains tax altogether.
And it's a big, it can be a really big planning tool for people.
Eric Wymore: So Uncle Sam usually wins in those [00:13:30] cases when you cut, that's right.
Jeb Graham: Yeah.
Ethan Hutcheson: So, um, another one, another rule that came out pretty recently, um, within the last five years is, you know, before 2020, if you inherited a, just a traditional IRA or 401k or [00:13:45] rollover IRA, however you want to title it, you could stretch that.
Uh, those distributions of that inherited IRA based upon, you know, your life cycle or your, your lifespan. Now, the IRS has implemented the 10 year rule. So, when you [00:14:00] inherit an IRA from, let's say, your, your family, so your, your parents, that comes to you as a non spousal. Um, non spousal IRA. So that would be a beneficiary, right?
If your wife passes away or your husband passes away, you kind of [00:14:15] assume those assets, and those are now your, your assets in your IRA. So we're going to talk about two things, the 10 year rule. When you inherit money from your parents, you have 10 years to withdraw. Whatever's in that account and pay the taxes on you.
If you had a good example [00:14:30] earlier, or when we were talking earlier today, it's a 1 million IRA. You need to take out about a hundred to 150, 000 of that a year. And that gets added on to your tax bracket. And typically when you inherit [00:14:45] money, on average, you're in your forties, fifties, or sixties, and you're later on in your career, you're making more money than you've ever made, so your taxes are going to be high.
So you're adding that on top of your, your normal, ordinary income that you have. So there's a lot of strategies around that. [00:15:00] Um, and Eric, I think we were talking to, you know, getting with a professional and kind of understanding that 10 year rule and the strategies that are around the 10 year rule, I think is very, very important when inheriting some of those qualified dollars.
Eric Wymore: Absolutely. That, that, [00:15:15] that's again, kind of goes back to that preventative care. And if you're able to, you know, at age 73, and you're having this required minimum distribution that you're required to take money out of your IRA. Or your 401k every year, [00:15:30] but yet you don't really need it necessarily. You might be one of, you know, you, you saved money elsewhere.
You paid off your dad, whatever. And you've got, you know, this extra money. You can take that required minimum distribution. You can take a little bit [00:15:45] more because you've got some capacity with the, with your tax rate. Maybe, you know, you can take another 10 or 20 or 30, 000. Uh, before you go into that next task bracket, there's many things that you can do.
You can put that into a rock [00:16:00] conversion. You can invest it in a non retirement. Now, all of a sudden that growth can stay in there, continue to grow, and we'll get a bump up in basis when that time comes. So those are all strategies [00:16:15] rather than just, you know, waiting to the last moment or so to speak. But if you can do some preventative care on the front end, it could save you thousands and thousands of dollars and could potentially save you thousands and thousands of dollars in taxes in the future.
Absolutely.
Jeb Graham: And back [00:16:30] to that, back to that too, Ethan, uh, where you were talking about, if you've got a million dollar IRA, you really, and you, so you think about that, you've got 10 years and you're like, okay, well I just need to take a hundred thousand dollars a year out. But the reality is, Hopefully, if your advisor is doing a good job or however you have that [00:16:45] invested, that thing's growing every year too.
So, and we've done this actually, we've gone through a planning software to figure out how much, given a, say a 7 percent rate of return, how much do we need to take out of that thing every year in order to have it drained after 10 years? Because what you want to avoid [00:17:00] is that one big year, like say in year number 10, you get a million dollar IRA, but you have 500, 000 left.
Well, guess what? Now you're having to pay in, you're in the highest tax bracket. Right? Right. Whereas When we kind of backed into that, um, it was really saying you [00:17:15] needed to take almost 150, 000 out a year in order to really get that drained out and not get thrown into some, you know, depending upon what your tax bracket already is into some higher, higher tax bracket.
Eric Wymore: So think about that. You're 55 to 65 years old. That's when you [00:17:30] inherit your, your, your, your dad's IRA. All of a sudden you have to drop a hundred thousand bucks into your tax bracket when, you know, his tax bracket's at 22 percent and 28 percent or so on. I mean, that's That's significant [00:17:45] dollars.
Ethan Hutcheson: Yeah, and there's, I mean, we could go, we could spend another two hours on this podcast talking about strategies or case examples and, you know, things that we'd seen or things that we wish our clients would have done different or filled us in on earlier.
Um, one that, that strikes [00:18:00] me is, uh, you know, talking about mistakes that, that we've seen. Um, we had a new client come on board and. Um, it wasn't told to us that she inherited an IRA, uh, in the year previously. And [00:18:15] well, come, come find out during the tax time, she ended up owing, you know, 20 whatever the number was.
And we kind of uncovered it and we found out that she inherited about a 70 to 80, 000 IRA and just cashed it out. [00:18:30] And she just didn't know about the rules or how she could have stretched that maybe spaced out over two years or three years or five years even. And she just. Cashed it out all in year one.
Um, and she was very surprised at that tax bill. So just keeping your, your professionals that you work with in the loop on [00:18:45] some things is, is definitely what we recommend. Absolutely.
Jeb Graham: So to, to move through. So, so I guess, uh, we talked about inheriting IRAs. I guess one other thing is annuities and life insurance, right?
Um, annuities, and [00:19:00] I think we want to go into the taxes as well, uh, as far as just kind of a say taxes. Ethan, we were talking about annuities, um, obviously those I've always felt like those are, um, some of the worst things you can inherit, which is why back to Eric's preventative [00:19:15] care. You know, it's funny you say that the worst things you can inherit.
Inheriting money, all these problems are good problems to have, right? They're, they're blessings, but at the same time, sometimes people do it inefficiently. And, uh, annuities in general, when people buy non retirement or non qualified [00:19:30] annuities, those suckers can be, um, you know, harder to inherit just because of the tax, tax, taxability of them.
So,
Ethan Hutcheson: yeah. Yeah. It's tough. And, and, and depending on what type of the annuity it is, and you did mention, uh, a non qualified annuity. So some of them are stretchable. [00:19:45] You need to talk to your annuity advisor, but. At the end of the day, when you look at, you know, put a 50, 000 into an annuity and it grows to 500, 000, if you inherit that 500, 000 annuity, you have to take out the gain [00:20:00] first on that annuity.
And that is, correct me if I'm wrong, ordinary income? It's
Jeb Graham: ordinary income. Yep. And that, that term is lifo, like last in first out. So the last moment that it made is what you got to take out first. And, um, and it's taxed at ordinary [00:20:15] income. And, and to your point on the, on the stretching, some of them allow for a stretch and some of them don't, but then at the end of the day, somebody is going to.
That you can't stretch it over multiple generations, right? So somebody's agreeing that, um, and then again, back to the preventative care, not pooh poohing annuities. We, I [00:20:30] think they have their place. We do them at certain times, but when it comes to estate planning, uh, they're not one of the more efficient vehicles for sure.
So,
Ethan Hutcheson: yeah, I would say the most efficient and one of the most efficient, uh, top, top three would probably be life insurance. I don't know if you guys [00:20:45] would agree with that, but when you, when you get. If you're the beneficiary of a life insurance policy, there's, you know, it's been set up to where there's not much you really have to think about.
Um, you're the beneficiary, you receive the million dollars, it's your million dollars, you can put it in the bank, you could put it in a [00:21:00] taxable account, fund, what, you can do whatever you want with it. Um, there's no taxability, uh, along those lines when, when you inherit or, or sorry, when you are the beneficiary of a life insurance policy.
Jeb Graham: Correct. And that's true. So, and that, that's true. And that, that kind of leads us actually into, [00:21:15] um, just, just taxes in general, when you inherit money. And I think there's, this is another thing there's a ton of confusion about. We have clients. That are getting ready to inherit money and let's just say they're going to inherit a million dollars They'll come in and they're like, oh my gosh I'm gonna have to pay [00:21:30] so much taxes on all this stuff And I think there's confusion about and and they say the word estate taxes Okay, and then there's confusion about what estate taxes are actually are Um, so not everybody pays the state taxes and, and to be honest, it's a very, [00:21:45] very, very small, uh, percentage of people that inherit money that pay a state taxes.
And I'll give you some, uh, stats on that is that, uh, there, there's an exemption. Okay. So you don't pay a state taxes unless you inherit more money than what the exemption is [00:22:00] right now for an individual. The exemption is 3. 99 million, basically 14 million. And for a married couple, it's 27. 98 million. So basically 28 million.
So as long as the estates for, if say both of [00:22:15] your parents passed away and you're inheriting money, unless it's over 28 million estate right now, you're not paying any estate taxes on it. However, if it is over $28 million, the estate tax is very, very high. It's, it's close to 50%. So [00:22:30] great example that someone has $60 million, they pass away, they pass that down to their kids.
Well, $32 million of that is gonna be subject to estate taxes, which is gonna equate to somewhere in that 15 to $16 million of estate tax. [00:22:45] So bottom line is if you're, if you're in middle America and you're inheriting money, the chances are. You're not paying estate taxes. However, that year that you inherit money, there are taxes that have to be paid in the form of an [00:23:00] income tax for whoever passed away for your loved one.
So if you're inheriting money and say they, they passed away in June. Well, they might've been collecting social security and a pension and getting dividend income and all that stuff in that first half of the year. Well, that year you're going to have to file [00:23:15] on a state or I'm sorry, if a personal income tax return on them.
And you're also going to have to file one on the estate for what happens between when they pass away and the estate is settled. So there are some of that, but I think there is a preconceived notion that when you inherit money, a big portion of that [00:23:30] goes to taxes and kind of to what you were talking about earlier, Ethan, is that.
Um, you know, yes, an IRA, you're going to have to pay taxes on that when you inherited as a beneficiary IRA, but it's not most of the time. If you have a good advisor and somebody that's advising you all, [00:23:45] you're not going to do that in the first year. You're going to take that over time and you're going to pay those taxes over time.
So. Um, but anyway, I mean, I mean, I feel like this has been a super productive day and, and podcasts. And I know there's just so many people that this is relevant for, [00:24:00] and it's becoming more and more people that it's relevant for. And it's, it's, uh, you know, it's a generation of people that are going to be inheriting money as well as a generation of people that are trying to get their estate plans together, uh, for their heirs to be able to inherit money.
I think. The more [00:24:15] preventative care, you know, the people can do prior to death to just kind of get their households in order and also just the more education that people inheriting money can have about the do's and don'ts and how different accounts are going to be inherited, um, can really [00:24:30] make a world of difference, uh, when you go through that process.
And
Eric Wymore: so, um, you can save thousands of dollars and thousands of dollars in taxes and hours and hours of time.
Jeb Graham: That's right. And I, and I would almost say the hours and hours of time are more, [00:24:45] more worrisome than the, than the thousands of dollars in taxes. It's just, it's really the, you're already going, a lot of times people are going through a tough time anyway, cause they've just lost a loved one.
And then it's just like trying to put a puzzle together on the other side of that, which when you're already going through an emotionally [00:25:00] challenging time. And so, uh, so I think just as prepared as most adults can be.
Eric Wymore: And I think another thing to kind of just keep in mind for people's and their expectations that even the most well thought out, uh, estate plan, [00:25:15] having a trust or having a will, whatever it is, everything's TOD transferred on debt, beneficiaries, everything's all buttoned up.
It still takes some time and it's not a situation where this thing gets wrapped up in the matter of two or three [00:25:30] weeks. Um, it does take some time to. You know, to, to order that certificate and I think we've talked about this before order a half a dozen or a dozen, you know, depending on how many you think you need, order a couple more.
[00:25:45] Um, but it takes some time to file all the paperwork, get that all set squared away. Um, contact beneficiaries, beneficiaries need to contact us. Uh, then there's a distribution of the assets to, to this particular account. All of that stuff takes. [00:26:00] Sometimes. So I wouldn't say, you know, even the most well thought out plan still has a little bit of a process and steps.
And that goes back to what you originally said. It doesn't matter if it's a 5, 000 or 5 million, there's still a number of steps that have to be taken.
Jeb Graham: I think that's a [00:26:15] great point too. Like in what I'm hearing you say, and which is true, is that like the best. Plan to state it's, it's, you can do all the planning in the world.
It still doesn't mean that it's going to be a perfect or an easy process. We're just trying to make it [00:26:30] easier. Right. And that's kind of the goal. Um, anyway, so this has been a great day and, uh, Eric, Ethan, thanks for jumping on and it's been a great, uh, or thanks for co hosting. It's been a great day. And this is the Metcalf Money Moment, [00:26:45] the podcast.
Thank you for joining and we will be seeing you soon. See you guys next month. Bye now.
Voiceover: Thanks for tuning in to Metcalf Money Moment, the podcast. We hope today's [00:27:00] episode provided valuable insights to help you unlock financial clarity, confidence, and peace of mind. For more expert advice and resources, visit metcalfpartnership. com. Until next time, make every money moment count.[00:27:15]
Disclaimer: Jim Graham, Ethan Hutchison, and Eric Wymore are registered representatives with and securities offered through LPL Financial member FINRA SIPC. Investment advice offered through WCG Wealth Advisors, a registered investment advisor. WCG Wealth Advisors [00:27:30] and Metcalfe Partners Wealth Management is a are separate entity entities from LPL Financial.
The opinions voiced in this podcast are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision.
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