How To Create Your “Digital Estate Plan”

You are receiving this email because you signed up to receive Bob Carlson's free e-letter Retirement Watch Weekly, or you purchased a product or service from its publisher, Eagle Financial Publications. [Carlson's Retirement Watch Weekly] [Retirement Reports](www.retirementwatch.com/retirement-resources/) [Retirement Articles](www.retirementwatch.com/retirement-articles/) Brought to you by Eagle Financial Publications How To Create Your “Digital Estate Plan” by Bob Carlson Editor, [Retirement Watch]( 06/09/2024 SPONSORED [June 26 Deadline: The #1 Monthly Dividend ETF]( [image]( It's paying 161% bigger dividends than aristocrats, up 5.62% since making its newest announcement. If you add it to your portfolio before June 26, you'll secure a payout of $2.05 PER SHARE! [Click here now to learn more before it's too late.]( [CLICK HERE...]( Fellow Investor, [Bob Carlson]In last week’s edition of Retirement Watch Weekly, I explained why your estate plan should include digital assets. In part 2, below, I share some pro tips on how to go digital in your plan. A surprise to many people is they don’t own most of the books, music, movies and more that were “purchased” online and downloaded. You didn’t really buy the assets, after all. You bought only a license to use them, and the license usually expires with your death. Most of the time, you can’t bequeath them to survivors. But be sure the executor of your estate plan knows about them, so recurring charges can be avoided. For other digital assets, a good inventory lists the name and web address of each account or asset, and any account number. Include the full name that’s on the account, whether it is your name, your spouse’s name, both names, or a business name. The inventory also should include all the information needed to gain online access, such as a username or personal ID and a password. If two factor authentication is used, explain where the authentication is sent. Many digital accounts also have you answer security questions. Include these in the inventory. Add any other helpful information or comments to the inventory. You can make everything easier on your survivors and on yourself by using a password manager. A password manager is a software service that can manage and protect all the online accounts of the user. The manager creates for each account a unique password that is extremely hard to guess or crack. Each account has its own access information created by the software. You usually don’t even know the passwords. A good password manager changes a password when there are indications it might have been compromised, and some change the passwords regularly. You establish one master password for the password manager. This should be a long, unique phrase or sentence. The longer the better, say the security experts. Then, keep the master password secure. The password manager is set up so that no one, including the company that developed the software, knows the master password or can learn it. If you lose or forget the master password, it can’t be recovered. [What Investors Can Do If They’re NOT Ready for Retirement]( [image]( Thanks to a little-known loophole in the law, investors can collect between $2,500 and $3,900 per month for the rest of their lives, tax free, even if they currently have ZERO saved for retirement. It’s a retirement strategy unknown to most financial planners, yet it’s 100% legal and approved by the IRS. One famous investor used this secret strategy to turn just $2,000 into $5 billion. [Click here to find out more.]( [CLICK HERE...]( Most experts recommend putting the master password on paper and storing it securely, such as in a fireproof home safe, a safe deposit box, or a lawyer’s office. There are two types of password managers to consider. There are free ones, such as Apple’s iCloud Keychain and Google’s Password Manager. The disadvantages of these are they tend to work best only with software and web browsers designed by the firms that created them. The alternative is a full featured, third-party password manager. These are developed by independent companies and work well with all or most software and platforms available. Each has an annual fee that typically is less than $50. The disadvantage to these managers is that you have to go through a onetime process of entering all your current account information and passwords into the manager and enter the information for any new accounts you open. The most highly regarded of the third-party password managers are 1Password, Dashlane and LastPass. When you use a password manager, you might get away with leaving the executor only the master password instead of all your passwords. (You’ll still need to leave an inventory of all your accounts, so the executor of your estate plan and family member know all the electronic assets they need to access and manage.) If you want the executor to have access only to some digital assets and other people to have access to other assets, you might need to establish a separate master password for each of the different types of accounts... or use different password managers for them. To a better retirement, [Bob Carlson] Bob Carlson Editor, Retirement Watch Weekly Editor’s Note: There is a way retirees can collect thousands of dollars per month for the rest of their lives -- tax-free. Plus, this tax-free income source is 100% legal and approved by the IRS. And here’s the kicker: even if they don’t have enough money put away yet for retirement... even if they’re over age 60... they can still get thousands of dollars a month from this opportunity. [Click here to find out more.]( SPONSORED [Level up your tradintuitioning]( [image]( To buy, sell, or stand aside? That is the question. And it’s simple to answer when you [sharpen your market intuition.]( At a single glance of a (powerful) chart, I want to show you how to always make the right decision. [Trade this way >]( [CLICK HERE...]( Want More Retirement Advice? Check out my website, [RetirementWatch.com](, where you’ll find hundreds of free articles covering every aspect of retirement planning. Popular Posts: [The Overlooked Retirement Time Bomb]( [Understanding Rules of IRA Contributions]( [Strategies to Reduce Alternate Minimum Tax]( [Avoiding Expensive IRA Mistakes]( New to the Retirement Watch Community: SeniorResource.com Unfortunately, one in ten older adults has dementia. If you’re a senior, you may worry that you’ll develop memory disorders as you age. But how can you tell the difference between normal age-related memory loss and dementia? [Click here for some early warning signs that you may be on your way to a memory disorder.]( About Bob Carlson: [Bob Carlson]Robert C. Carlson is the author of the books The New Rules of Retirement and Retirement Tax Guide, editor and investment director of the popular retirement newsletter, Retirement Watch, and editor of the free weekly e-letter, Retirement Watch Weekly. Bob is a frequent speaker at investment conferences around the country, and you can also hear Bob as a featured guest on nationally-syndicated radio shows, such as The Retirement Hour, Dateline Washington, Family News in Focus, The Michael Reagan Show, Money Matters and The Stock Doctor. About Us: Eagle Financial Publications is located in Washington, D.C. – only a few blocks from the Capitol. Our products have been helping investors build their wealth for several decades. Whether you’re a long-term investor or short-term trader, you’ll find the right strategy for you, including how to earn more steady income to spend now, preserve and grow your capital to enjoy later, and whatever other investment goals you have. Visit Our Websites: - [StockInvestor.com]( - [DividendInvestor.com]( - [DayTradeSPY.com]( - [CoveredCall](.com - [MarkSkousen.com]( - [GilderReport.com]( - [BryanPerryInvesting.com]( - [JimWoodsInvesting.com]( - [InvestmentHouse.com]( - [RetirementWatch.com]( - [SeniorResource.com]( - [GenerationalWealthStrategies.com]( - [InvestInFiveStarGems.com]( - [[YouTube] Visit our YouTube Channel - Eagle Investing Network]( To ensure future delivery of Eagle Financial Publications emails please add financial@info2.eaglefinancialpublications.com to your address book or contact list. This email was sent to {EMAIL} because you are subscribed to Dividend Investor Daily. To unsubscribe from this list please click [here](. To stop receiving emails simply click [here](. If you have questions, please send them to [Customer Service](mailto:customerservice@eaglefinancialpublications.com). View this email in your [web browser](. Legal Disclaimer: Any and all communications from Eagle Products, LLC. employees should not be considered advice on finances. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized advice on finances. Eagle Financial Publications - Eagle Products, LLC. - a Salem Communications Holding Company 122 C Street NW, Suite 515 | Washington, D.C. 20001 [Link](