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On episode 87 of Ask The Compound, Ben Carlson and Duncan Hill are joined by CFA and CFP Blair duQuesney to discuss preparing for inheritances, adjustable rate mortgages, utilizing a reverse mortgage, and much more! Submit your Ask The Compound questions to askthecompoundshow@gmail.com!

Thanks to Tropical Bros for sponsoring this episode! Visit https://tropicalbros.com/products/super-stretch-animal-spirits-hawaiian-shirt to purchase the Animal Spirits X Tropical Bros Hawaiian shirt before they sell out!

►00:00 – Intro
►02:35 – Calculating inheritances
►08:15 – Preparing for mortgage rate increases
►13:05 – The CFA vs CFP
►20:45 – Assessing your financial plan
►25:04 – Utilizing a reverse mortgage

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20 Comments

  2. Ross Macintosh

    Regarding inheritances, I think it's a bit presumptuous to ever count on receiving an inheritance. Even if a person's been told they'll receive one, doesn't guarantee they will. Imagine Mom & Dad have $4m net worth. They write in their will that they want to leave $3m to their favorite charity, thinking the remainder of the estate will go to their child. Well, if there's a market crash and their net worth drops to $3m, if the will wasn't revised the charity gets it all and the kid nothing. Even if you are now told you'll get an inheritance things can change. Mom & Dad may think you are doing well and don't think you'll need their money so they give it away or take up gambling as a retirement hobby. Never count your chickens before they're hatched… 🐣🐤🐥🐣

  8. Erick Arnell

    Bill Perkins has a book "Die With Zero" that works through the advantages to everyone of passing on an inheritance before the receiver is in their 60s.

  9. AndrewT

    with the cfp just avoid the big box brokerage firms all you are forced to be is a slimeball signing up people to sign up for managed account products that grossly underperform with high fees lol you can not have a conscience with most big box firms and their planning roles

  11. chaitanya deshmukh

    Thanks Duncan and team for putting the time stamp in the video details so we can jump and listen to only section/questions that we are interested in !!

  13. Thomas

    Regarding passing mortgages onto new owners…it’s called an assumable mortgage and they exist. Buyer takes on current balance, remaining term, and rate. They have to qualify with current lender and pay similar closing costs as conventional loan. It’s a feature on VA loans, not sure if others offer it. I got a 100% VA loan at 3.875% on $400k in 2020, refinanced 18 months later at 2.07% (paid 1.5 points). Offering this loan as a benefit to buyer sounds great, but it creates a difficult position for buyer to fund balance of sale price with cash or subordinate loan.

  14. ET914

    Happy birthday, Ben! I will be listening to Sufjan Stevens' 2003 album "Michigan" in celebration of the special day.

  16. William Harberts

    I thought the information on the reverse mortgages was very useful, especially some of the finer details about never being foreclosed against and their being essentially lines of credit if you set them up that way.

  17. SM2022

    Our retirement plan = save as much as possible, invest responsibly, see how much money we have for retirement, then figure out what we can afford. 🙂

  18. usazar

    The first question had me intrigued, if kids of literal multimillionaires cant count on inheritances…. Life is hard.

  19. Stacey Ollis

    Happy Bday Ben 🎉🎉🎉 What a week, your bday & a NY visit to see the new mud room 🎉🎉🎉

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