RETIREMENT PLANNING With Rob Ryan ZRYAN WEALTH MANAGEMENT Charty Yar Cae THE "POOR MAN'S TRUST" "Payable-on-death" (POD) bank accounts are popularly referred to as the "poor man's trust" because they provide a simple way to transfer money at death without being subject to probate court proceedings. Also known as a Totten Trust, this type of bank account simply involves setting up a Totten Trust/POD account or turning an existing savings or checking account into a POD account. The necessary paperwork must be filed with the savings institution so that it has a record of who the beneficiary is. As long as the account holder is alive, the beneficiary does not have any access to the funds in the payable-on- death account. The account can be closed or the beneficiary changed at any time. There may be a short waiting period before a bank will release funds, but no probate court proceeding is required. Achieving financial comfort, planning for a secure retirement, mitigating taxes, taking care of family, and making sure children get an education - for most Americans, these are important issues. But many of us feel unprepared and ill-equipped to deal with all these issues in a coordinated, knowledgeable way. Ryan Wealth Management, a registered investment advisor firm, can help. Call us today to schedule a consultation. A payable-on-death account avoids probate just as well as a living trust that is drawn up by a lawyer would. To contact Rob Ryan: (530) 671-2100 retire@ryanwealth.com | www.ryanwealth.com Go to my website www.ryanwealth.com and request a Second Opinion analysis report! And help answer the question: "Will Í outlive my money?" Rob Ryan is a Registered Representative offering securities and advisory services threugh Reyal Alliance Associates, Inc. a registered broker dealer and registered investment advisor, Member FINRA. SIPC. Additional advisary services, insrance and Estate Planning offered through Ryan Wealth Management are independent of Royal Alliance. Principal of Ryan Wealth Management, Inc. located at 463 Centary Park Drive ie Yubu City. CA Insurance L. OCOs9s99 RETIREMENT PLANNING With Rob Ryan ZRYAN WEALTH MANAGEMENT Charty Yar Cae THE "POOR MAN'S TRUST" "Payable-on-death" (POD) bank accounts are popularly referred to as the "poor man's trust" because they provide a simple way to transfer money at death without being subject to probate court proceedings. Also known as a Totten Trust, this type of bank account simply involves setting up a Totten Trust/POD account or turning an existing savings or checking account into a POD account. The necessary paperwork must be filed with the savings institution so that it has a record of who the beneficiary is. As long as the account holder is alive, the beneficiary does not have any access to the funds in the payable-on- death account. The account can be closed or the beneficiary changed at any time. There may be a short waiting period before a bank will release funds, but no probate court proceeding is required. Achieving financial comfort, planning for a secure retirement, mitigating taxes, taking care of family, and making sure children get an education - for most Americans, these are important issues. But many of us feel unprepared and ill-equipped to deal with all these issues in a coordinated, knowledgeable way. Ryan Wealth Management, a registered investment advisor firm, can help. Call us today to schedule a consultation. A payable-on-death account avoids probate just as well as a living trust that is drawn up by a lawyer would. To contact Rob Ryan: (530) 671-2100 retire@ryanwealth.com | www.ryanwealth.com Go to my website www.ryanwealth.com and request a Second Opinion analysis report! And help answer the question: "Will Í outlive my money?" Rob Ryan is a Registered Representative offering securities and advisory services threugh Reyal Alliance Associates, Inc. a registered broker dealer and registered investment advisor, Member FINRA. SIPC. Additional advisary services, insrance and Estate Planning offered through Ryan Wealth Management are independent of Royal Alliance. Principal of Ryan Wealth Management, Inc. located at 463 Centary Park Drive ie Yubu City. CA Insurance L. OCOs9s99