Ron Roberts Founder and CEO of Roberts Retirement Group, Interviewed on the Influential Entrepreneur Podcast Discussing Estate Planning for Retirement

January 16, 2025 at 10:56 AM EST

Ron Roberts discusses estate planning for retirement

Listen to the interview on the Business Innovators Radio Network: Interview with Ron Roberts Founder and CEO of Roberts Retirement Group Discussing Estate Planning for Retirement

Ron Roberts, founder and CEO of Roberts Retirement Group, shared the often-overlooked topic of estate planning for retirement. He explores the importance of considering what happens to your assets after you pass, emphasizing that while many focus on retirement savings and longevity, the distribution of wealth to heirs is equally crucial. Ron shares insights into his approach with clients, highlighting the significance of understanding their personal circumstances, such as whether they have children and their relationships with them. The episode encourages listeners to think critically about their estate planning and to consider where they want their assets to go, whether to family, charities, or other beneficiaries.

Estate planning is a critical aspect of preparing for retirement, yet it is often overlooked as individuals focus on immediate concerns, such as when they will retire and whether their finances will last throughout their retirement years. However, a comprehensive estate plan is essential for ensuring that one’s assets are distributed according to their wishes after they pass away. A key starting point in this process is asking the right questions to understand clients’ relationships with their heirs and their desires for asset distribution.

When working with clients on estate planning, it is crucial to delve into their family dynamics and relationships. Ron Roberts, the founder and CEO of Roberts Retirement Group, emphasizes the importance of understanding whether clients have children and the nature of their relationships with them. This involves asking questions such as:

Do you have children, and what is your relationship with them?
Are there any children you are not currently speaking to?
How do you feel about your children’s financial habits?

By gathering this information, advisors can tailor their recommendations to fit the unique family situations of their clients. For example, if a client has a strained relationship with one of their children, they may wish to consider alternative beneficiaries or specific conditions for inheritance.

In addition to understanding relationships, it is vital to clarify clients’ wishes regarding the distribution of their assets. This includes asking questions like:

Where do you want your assets to go when you pass away?
Do you have specific individuals or charities in mind?
Would you prefer your assets to be distributed immediately, or would you like to set up a trust for gradual distributions over time?

These questions help clients articulate their goals and intentions, which can significantly influence the structure of their estate plan. For instance, some clients may want to ensure that their grandchildren receive financial support for education, while others may prefer to have their assets held in trust to prevent potential mismanagement by heirs.

Understanding the importance of beneficiaries is another critical aspect of estate planning. Many assets, such as retirement accounts and life insurance policies, allow clients to designate beneficiaries directly. Ron shares an example of a client who had an outdated beneficiary designation, which could have resulted in unintended consequences. Regularly reviewing and updating these designations is essential to ensure that assets are distributed according to the client’s current wishes.

Furthermore, the use of trusts can provide a more controlled approach to asset distribution. By transferring property into a trust, clients can specify how and when their assets will be distributed to their heirs, potentially avoiding the lengthy and costly probate process. This is particularly beneficial for clients who have concerns about their heirs’ financial responsibility.

In summary, effective estate planning begins with asking the right questions to understand clients’ relationships with their heirs and their wishes for asset distribution. By exploring these areas, advisors can help clients create a tailored estate plan that reflects their values and goals. Regular reviews and updates to the estate plan are also crucial to adapt to any changes in family dynamics or personal wishes. Ultimately, a well-structured estate plan not only provides peace of mind for clients but also ensures that their legacy is preserved according to their intentions.

Ron shared: “The key question is, where do you want your assets, your estate to go when you both exit life?”

Video Link: https://www.youtube.com/embed/vomS5RWU4ec

About Ron Roberts

Ron was born in Burbank California and grew up in the Mojave Desert. Being the first of six children born to deaf parents, he learned responsibility at an early age. His commitment to family and faith is unwavering. It’s the essence of who he is and the foundation of his business success. Living for a higher purpose and caring for others has always been Ron’s focus.

After high school, he joined the United States Coast Guard where he learned about hard work, discipline, and duty. He enjoyed serving his country and helping to keep people safe. He grew in experience through training, education, and travel. He developed a love for the sea and enjoys boating and sailing with friends and family.

After completing his time with the Coast Guard, Ron served on a mission for the deaf in Chicago for his church. While there, he formed the first deaf scout troop in Chicago for the Boy Scouts of America. Returning from Chicago, Ron attended college in Stockton, California where he met his wife, Julie. They were married in the spring of 1984. In 1991, Ron and Julie moved to Amador County where they enjoyed raising their four daughters in a close knit community. Ron’s hobbies include reading, boating, sports, and traveling with his family. Ron also volunteered at a private school where he taught history and American Sign Language. Family, faith, and community are the most important things that define Ron.

Ron’s chosen vocation as a Retirement Planning Professional allows him to use his experience, his gifts, and his love for family to help people in a very special way. Ron has been in the retirement planning industry since 1990. Founded in 2002, Roberts Retirement has grown over the years to serve families in northern California and around the country.

Ron has served as President of the California Estate Planning Counsel and continues to mentor other retirement planning professionals all across the United States. He is constantly educating himself on the most up-to-date investment strategies and changes in the financial industry. Ron is recognized as a leader in the industry, is a sought-after speaker, and has been featured in Senior Market Advisor Magazine

Learn more: https://www.robertsretirement.com/

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