Money, Family and Legacy: - Planning What Matters Most: An Evening with Morgan Stanley

Money, Family and Legacy: - Planning What Matters Most: An Evening with Morgan Stanley

Morgan Stanley Event: Money, Family and Legacy: Planning What Matters Most Join us with Morgan Stanley as we talk about financial planning and empowering families with what matters most. A few topics covered during this workshop include: • Why should you start saving early – idea of compound interest • Budgeting for the Real World – how to build a good budget and what to consider • Ownership of your investment and be confident with it – familiarizing yourself with key terms • Understanding different investment options (Asset Classes) • Fundamental principles of investing – Risk/Return, Inflation, Diversification • How to use different investment options to build a portfolio – benefit and use of each asset class • Different account types (cash management, investment, retirement, 529, IRA…) • Financial perks of newlyweds (joint filing of taxes, health insurance, gifting money, retirement savings) • Average cost of raising a child, cost of college • 5 topics to discuss when having a baby – caretaking, education, finances, boundaries, and family system • Saving for your child’s future (529, ESA, UGMA/UTMA) • Creating a legacy • Estate planning • Looking beyond investment portfolios – focus on planning, financial education, and full financial picture