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Financial Literacy Month Horror Stories: Credit, Taxes, Insurance, Investing, and Estate Planning Mistakes

In honor of April being Financial Literacy Month, we share de-identified “horror stories” from real client experiences to show how small financial mistakes can create major consequences. You'll hear the dangers of co-signing loans, highlighting a divorce scenario where an overlooked private student loan left a co-signer responsible after the ex-spouse defaulted. We also tell a frightening tale of a homeowner whose seemingly small decision to close a card cost them over $150,000! On taxes, we recount a sale where an incorrect report of an investment sale doubled a client's tax bill and took over 6 months to correct. Taxes, Estate planning, investments: plenty of spooky stories for all.

TUNE IN!

00:00 Financial Literacy Horror Stories
00:56 Why April Matters
02:18 Cosigning Gone Wrong
05:12 Credit Mistakes Before Closing
08:20 Tax Return Cost Basis Error
10:32 Gap Finder Break
11:41 Insurance Policy Surprise
13:54 REIT Taxes Explained
16:10 Net Unrealized Appreciation
18:29 Estate Planning Pitfalls
21:31 Final Takeaways and Event

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