Ever wonder if you need a last will and testament (aka “a will”)? The answer is YES! 

A will is an integral part of a well-rounded estate plan that every adult needs, not just the rich and famous. 

"If you have kids under the age of 18, the guardianship in your will is 100% the most important part of your estate plan." - Jamie Weese of Weese Law Firm

In episode 18, we’re talking about the estate planning necessities for young adults. 

Kyle hops on the mic with estate planning attorneys, Jessica Kimbrell of Kimbrell Estate Planning and Jamie Weese of Weese Law Firm. They discuss what is: 

• a last will and testament
• a durable power of attorney 
• a healthcare power of attorney
• an advanced healthcare directive (or a living will) 
• trusts

and how all of these are a part of a well-rounded, and well-planned Estate Plan. Every young adult needs an estate plan, especially if you have minor children or special needs children (which we touch on in the podcast).

“Advance Healthcare Directive and Living Will mean the same thing. How I describe this document is the ’Pull the Plug’ document” - Jessica Kimbrell of Kimbrell Estate Planning

Before they dive into everything estate planning for young adults, they discuss their favorite movies surrounding estate planning, their favorite Halloween candy - which no surprise Kyle’s is money related - and their favorite estate planning cases… and Kyle doesn’t like where Jessica’s is going. 

Don’t wait, check it out now so you’re prepared for when life happens. As Forrest Gump’s momma says, “Life is like a box of chocolates, you never know what you’re gonna get.”

To skip the fluff, go to the 50:28 mark. However, it's not advised!

Resources:

Law Abiding Citizen (2009)

PFFTHT Episode # 17 - "What should you do with that old 401k"

Parks and Rec - Ron Swanson makes a Will

Knives Out (2019)

The Last Blockbuster

Little Big League (1994)

PFFTHT Episode # 12 - What the hell is a CERTIFIED FINANCIAL PLANNER™ (CFP®)?"

Howard Hughes Estate Planning Debacle,

The Complete Guide to Wills, Estates & Trusts (Book)

The Nobel Peace Prize started via a will 

Terri Schiavo case 

Have an old 401k from a previous employer? Wondering what to do with it?

In episode 17, we're discussing what your options are for your old 401k.

Kyle hops on the mic with Financial Advisor, Ethan Hutcheson, AAMS® of Metcalf Partners Wealth Management and they discuss:

1. What exactly is a 401k
2. What are your options when you change employers
3. The pros and cons of those options
4. Unique situations to consider
5. Their typical preferences for old 401k accounts

There are important things to consider like taxes and your income when deciding what to do with that old 401k (or 403b, or TSP).

Before they dive into the topic, they discuss their favorite memories from K-State (pretty epic), good books you should check out, sports they wish they would have tried (apparently there are only two places in the U.S. where Kyle can try it out), and.... poop. Yep, we said it, poop.

Don't flench because you don't want to miss this!

To skip the fluff, go to the 30:30 mark. However, it's not advised! 

Resources:

Backdoor Roth IRA and the Aggregation Rule,

IRA & Roth IRA Limits 2021,

WellnessForTheWin,

WellnessForTheWin Instagram,

The Bitcoin Standard (book),

Fortitude: American Resilience in the Era of Outrage by Dan Crenshaw (book),

Apocalypse Never: Why Environmental Alarmism Hurst Us All by Michael Shellenberger (book),

Josh Hutcherson,

The Reformed Financial Advisor Podcast - "How Should Patrick Mahomes Invest His $503 Million Contract?",

Glenn Gronkowski,

Where can you bobsled in the US?,

Episode #10 - "What the hell is a Financial Planner?",

Unemployment Rate & Statistics (Aug. 2021),

"Most people move because of two things: they need more square footage (more space), or they're at a new income level." - Tony Long of Long Real Estate Team

Have questions about selling a house like...

• How far out should you start preparing to sell your house?
• To stage or not to stage?
• When should we put it on the market?

In episode 16, we're discussing what you need to know about selling a house, with Rockstar Realtor, Tony Long of Long Real Estate Team.

Round 2 with Tony Long and Kyle to discuss what you need to know when you’re thinking about selling your house. Kyle lays it out into a 4 Part Process:

1. The Pre-Sale: What you need to do to your house to get it ready to sell
2. Deciding on Realtor or FSBO: Choosing wether you should get a realtor or try to sell it yourself (For Sale By Owner)
3. On the Market: What do we do while the house is on the market, and selecting an offer
4. Under Contract and Closing: Making sure the deal goes through

Tony shares the important things you need to do to get the house ready to go to market. He takes off his realtor hat and discusses the pros and cons of getting a realtor or trying to sell your house yourself. What about being a Sell-Buyer (Selling your house while trying to buy a house)? Tony talks about structuring the deal to eliminate the stress of having to quickly find a house to buy.

Before they got started, they were shooting the breeze about the glory days in Manhattan, KS (the Little Apple), cereal, and of course.... wrestling. Who would win the Manhattan High Wrestling dual between Team 1998 vs. Team 2002? Kyle gets the expert, the head coach of both teams, to weigh in!

You don't want to miss this!

To skip the fluff, go to the 47:53 mark. However, it's not advised! 

Resources:

Long for Realtor, 

Overland Park Crossfit, 

Coach Woodford, 

Coach Woodford Bio, 

Big Cedar Lodge,

Do you owe capital gains on the sale of your home? (NerdWallet),

Electric Boogie (The Electric Slide),

Yeah - Usher feat. Lil Jon, Ludacris,

Llama Llama Red Pajama - Ludacris

Earl Woods buried in Manhattan, KS,

Shawn Bammes Named MHS Wrestling Coach,

Nature Valley Baked Oat Bites Cereal

Tony Long, Principal Agent -  Long Real Estate Team

In episode 15, we're talking about the way most folks buy a house (at least Millennials)... with a Mortgage. I'm joined by Mortgage Bankers, Jen Gile and Taylor Nedrow.

Jen and Taylor sit down with Kyle to discuss what you need to know about getting a mortgage. As you'll discover, not all mortgages are the same, or created equal. How much do you need down? How do you avoid PMI... what is PMI for that matter?!? Conventional, FHA, VA... we discuss all things mortgage, and the process for getting a mortgage to buy a house.

Before they dive into mortgages, they talk volleyball and what makes for the perfect kill, more wrestling, and their shoes growing up. As always, they top things off with some Five-Teen Minutes of Fluff.

This one is for the record books, our first explicit episode because Kyle said, "shit," and we don't want to get banned. :)

Tune in!

To skip the fluff, go to the (31:13) mark. However, it's not advised! 

Resources:

Noah’s Bandage Project,

Jen Gile, the KC Dancing Star,

Vote for Jen!,

The BMA Foundation Annual Dine and Dance with the Stars,

Road Trip (the movie),  

Air Jordan 11,

Millennials made up the largest share of home buyers at 38% in 2019 (statistics),

Types of Mortgages,  

Debt to Income Ratio,

Mortgage Closing Costs,  

Spencer Lee is tougher than LeBron James,

Iowa Hawkeye Volleyball Record Books, and Kill Master Jen (Bell) Gile,

Iowa Hawkeye Volleyball #6 All-Time Kills Leader, Jen (Bell) Gile (Page 8),

Rep. Dan Crenshaw Eye Surgery, and **