RBS 242: The One-Page Financial Plan Every Spouse Needs (FQF)

In this Five Question Friday (FQF) video, we cover these questions:

1. How to teach your significant other to manage the investments? (The Spouse Financial Survival Kit)
   1. Start with a One-Pager
      a. Accounts
      b. Key Professionals
      c. Withdrawal Order
      d. Financial Overview Doc: https://docs.google.com/document/d/1W...
   2. Financial Love Letter
https://docs.google.com/document/d/1q...
  3. Review the documents once a year

2. When to Take RMDs?
    1. Timing doesn’t change amount (the amount is based on balance at end of last year)
    2. RMDs must come before Roth conversions
        a. https://obliviousinvestor.com/rmd-tim...
   3. Take QCDs first if you plan to have them count toward RMDs
   4. If needed for spending, take as needed (monthly or quarterly)
   5. If not, wait until later in the year

3. How can I see the stocks owned by a target date retirement fund?
    Morningstar Investor: https://go.robberger.com/morningstar/

4. How do you keep track of HSA expenses?
https://docs.google.com/spreadsheets/...

5. Why haven’t I done a Roth conversion yet?

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