Financial Workshop - Shared screen with speaker view
Are the people listed actual dependents or if it just lists them as older children
Brenda - the system will accept a variety of inputs for family members, but is not specific to 'dependents'. In other words, adding your older children is fine and will not affect the planning as if they were dependents. Does that answer your question?
Yes - thank you!!
Please have speaker repeat questions as you cannot hear what others are saying. Thanks.
Will do, thank you Lisa!
My bank doesn't link. Do I have to add manually or is there something else I need to do to link it?
The links can be a bit tricky; we'll have the speaker touch on that for everyone soon.
Just to follow up on issues with account linking - feel free to reach out to Doug with issues. We can work with you to get them connected.
Thanks so much - I will connect with Doug.
Natasha asks - what is the advantage of this software vs. Mint.com?
If you are using something that already works for budgeting, you don't need to utilize the spending/budgeting tool. You can simply pull your expense from Mint and upload them as a static number. The only benefit of using this as opposed to another budgeting tool would be having all the information in one place. This site is especially powerful for financial planning, so the more info it holds on you, the better.
To use the site like an app, save the URL to your homescreen.
From Alvin - What ensures the security of this data now and after we stop working for the foundation?
Great question Alvin. We will have Doug touch on this near the end.
Does WKKF staff members have access to Doug to assist with this tool 1:1 in the future? Is this part of his contract?
I will be including this sheet Doug is references in the Vine post with the recorded video so you all can have this.
Can you send us the sheet "What Keeps You Up At Night?"
We will answer your other questions shortly
Do they/we have access to tax specialists?
To answer for Doug and I, we merely recommend tax specialists to our clients that we work with and trust. Our particular contacts are local to Michigan, however.
Thank you all for joining! We will be posting the recording as well as the worksheet and additional contact information on the Vine in the next few days. Email myself or Doug with any questions!