Make It Last with Victor Medina - Legal & Financial Retirement Planning

IRAs make up the largest percentage of retirement assets for baby boomers and beyond. When’s the right time to take money out? What are the rules and penalties if you get it wrong?

Tune in this week to Make It Last to learn the ins and outs of IRAs.

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and elder law attorney and Certified Financial Planner™. For more information, visit Medina Law Group or Private Client Capital Group.

Can you pass a basic retirement income quiz? Most Americans could not. Here is a link to the quiz – http://retirement.theamericancollege.edu/retirement-101/2017-retirement-income-literacy-quiz and here’s a link to the results.

As you get older, the chances that you may need help managing your affairs increases significantly. Listen this week to an interview with our special guest Lisa Kelly, Regional Director of Business Development, with the Care One family of assisted living facilities.

This will be a fantastic discussion of assisted living options that you won’t want to miss.

For more information, visit http://www.care-one.com/ to learn more about Care One.

Want to learn more? Be sure to tune to Make It Last on Saturday mornings at 7:30am on WCTC 1450AM or subscribe to the show on iTunes here.

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and elder law attorney and Certified Financial Planner™. For more information, visit Medina Law Group or Private Client Capital Group.

Read the transcript below…

Announcer:  Welcome to “Make it Last,” helping you keep your legal ducks in a row and your nest egg secure, with your host, Victor Medina, an estate planning and elder law attorney and certified financial planner.

Victor J. Medina:  Everyone, welcome to Make it Last with Victor Medina. I am your host, Victor Medina. I’m an estate planning attorney and certified financial planner.

You are joining us here at 7:  30 AM. If you are listening live, it’s Saturday morning, and I’ve got my cup of coffee. I hope you have your cup of coffee. This is the show that helps you keep your legal ducks in a row and your financial nest egg secure.

We’ve got a great show for you here, today. Little bit later, we’re going to have a special guest, Lisa Kelly, who’s a regional director of development for CareOne Facilities, which has about 28 or 29 different facilities in New Jersey helping people with long‑term care needs, like assisted living or acute rehab.

It’s going to be really important for you to listen. If you have no experience with assisted living, you’re going to want to listen in to our segments with Lisa, because she’s going to help illuminate that.

We’re going to talk first about a retirement quiz that came out that really opened my eyes, because so many people had failed to pass it. I thought it was a fairly straightforward quiz, and when the results came out, it turned out that not a lot of people passed it.

Before we get to that, I want to thank everybody for listening to the show. We’re having a great time putting it together, and it seems like you’re having a great time listening to it as well.

If you have any suggestions for any topics coming up in the future, feel free to email them to me at [email protected]. We’ll get that and we’ll put it in the hopper for something coming up in the future. Love to hear back from the audience.

If this is your first time listening to us, I want to let you know that we do have the show available as a downloadable podcast, and you can go to iTunes and search for Make It Last. You’ll know that you’re at the right spot, because you’ll see a blue box that says, “Make It Last with Victor Medina.”

If you subscribe to that on iTunes or the android devices,

As you get older, the chances that you may need help managing your affairs increases significantly. Listen this week to an interview with our special guest Lisa Kelly, Regional Director of Business Development, with the Care One family of assisted living facilities.

This will be a fantastic discussion of assisted living options that you won’t want to miss.

For more information, visit http://www.care-one.com/ to learn more about Care One.

Want to learn more? Be sure to tune to Make It Last on Saturday mornings at 7:30am on WCTC 1450AM or subscribe to the show on iTunes here.

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and elder law attorney and Certified Financial Planner™. For more information, visit Medina Law Group or Private Client Capital Group.

Annuities are one of the most oversold and misunderstood financial products in the marketplace.

This week, on Make It Last with Victor Medina, we discuss how to tell if an annuity is right for you, including three kinds of people who should never buy an annuity.

Want to learn more? Be sure to tune to Make It Last on Saturday mornings at 7:30am on WCTC 1450AM or subscribe to the show on iTunes here.

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and elder law attorney and Certified Financial Planner™. For more information, visit Medina Law Group or Private Client Capital Group.

For more information, read the transcript below:

Announcer:  Welcome to “Make it Last ‑‑ Helping You Keep Your Legal Ducks in a Row and Your Nest Egg Secure” with your host, Victor Medina, an Estate Planning and Elder Law Attorney, and Certified Financial Planner.

Victor J. Medina:  Everybody, welcome back to Make it Last with Victor Medina. It’s the show that helps you keep your legal ducks in a row and your financial nest egg secure. If you’re listening to us live, it’s Saturday morning, 7:30 AM. I hope you have your cup of coffee because I have my cup of coffee.

Maybe you’re listening to us on iTunes. We do have every one of these episodes available for download if you just go to iTunes and click the subscribe button. All you have to do is search for Make it Last with Victor Medina, and you’ll get this, and every other episode downloaded to your device, and you can listen whenever you want.

We wanted to say thank you to all of the great feedback that you’ve been giving us because we’ve really been enjoying doing the show. I’m glad that you’re enjoying listening to it. If you have comments for us, including any show topics, you can go ahead and send it to [email protected]. We’ll get that into the hopper and try to get you a show that you want to listen to.

Otherwise, listen up for today’s show because it is going to be a great one. We are going to talk about annuities. Now, annuities are one of the most oversold, over‑hyped, and misunderstood financial products for people in retirement. I can’t tell you how many times somebody comes in and has questions about annuities.

It doesn’t matter who you are. You either have a view that you think that annuities are great, or you think that they’re terrible, or you have no idea but you’ve got some feeling about annuities, including if you’re not sure about them, then you don’t want to consider them at all.

We’re going to go pretty deep on that in segments two and three here today, and we’re going to talk about annuities. If you are listening in for the first time, you’ve caught a good episode.

If you are interested in this topic, I’m going to urge you in the course of this show to go grab a pen and paper and get ready to take some notes because we are going to give you some great advice, including I’m going to share with you the two situations where you should never buy an annuity and three situations where it might be right. You want to stay tuned for that.

Today’s show, we’re going to have three segments. Segment number in today’s topics, I’m going to talk to you about the real reason why everyone offered you some free tax prep this year.

Segment number two, we’re going to talk about in today’s straight talk, the annuities, just basically what they are.

In segment number three, we’re going to talk about today’s to...

Annuities are one of the most oversold and misunderstood financial products in the marketplace.

This week, on Make It Last with Victor Medina, we discuss how to tell if an annuity is right for you, including three kinds of people who should never buy an annuity.

Want to learn more? Be sure to tune to Make It Last on Saturday mornings at 7:30am on WCTC 1450AM or subscribe to the show on iTunes here.

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and elder law attorney and Certified Financial Planner™. For more information, visit Medina Law Group or Private Client Capital Group.

There are 10,000 people turning 65 every day from now until the year 2040. In addition, advances in medicine and health treatments means that these individuals will live longer, and may require help along the way in the form of long-term care at home or in an assisted living facility.

Getting older isn’t easy, and with it come incredible risks to your nest egg if you don’t take steps to protect yourself with proactive legal planning.

Today we discuss what kind of care you may need in the future, how to pay for it, and what you can do today to start on the path.

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and elder law attorney, and Certified Financial Planner™. For more information, visit Medina Law Group or Private Client Capital Group.

Free Book Offer ($5 S&H): http://www.makeitlastradio.com/freebook

Read the transcript from the show below:

Narrator:  Welcome to “Make It Last: Helping You Keep Your Legal Ducks in a Row and Your Nest Egg Secure” with your host, Victor Medina, an Estate Planning and Elder Law Attorney, and Certified Financial Planner.

Victor Medina:  Welcome back to Make It Last with Victor Medina. I am your host Victor Medina, which makes it very convenient because I know that I’m in the right place. I have a great show for you here today. I’m really excited because one of my favorite topics to talk about is elder law issues and people getting older. We’re going to delve deep into that. We’ve got three segments for you here today.

The first ones going to focus on getting older and the risks that come with that, including the risks to some financial harm that can come to you. The second segment’s going to talk about long‑term care needs, whether not it will happen to you and what you can do to prepare.

Our last segment’s going to talk about some practical tips that you can undertake to help protect your assets and get into the best position going forward.

Before I get started, I do want to take a moment to thank you all for your wonderful response to the show so far. If you are liking the show, the thing that you can do to help me out is recommend it to other people. We’ve got this show that’s airing every Saturday morning, and as soon as when it’s done, you can download it from iTunes and get that available too.

If you are interested in sharing this information with friends, I really appreciate that, and you can send them to iTunes Subscribe and let them know that they can listen to it on every Saturday morning at 7:30 AM. I hope you’ve got your cup of coffee going. It’s clear that I’ve got mine with this kind of energy.

We’re going to get right to it, but if you have any topics that you would like for us to talk about, or if you have any suggestions for how to make the program any better, you can go ahead and email us at feedback, F‑E‑E‑D‑B‑A‑C‑K, [email protected]. That’s our website email address that’s been created for just that purpose just to get your thoughts, and we would love to hear it.

There’s also one thing I’m going to ask you to do, which is if you are a subscriber to iTunes, or at least if you would like other people to know about it, one of the things that you can do is leave a positive review.

Apple looks at that and ranks the podcast based on the number of positive reviews that are there, so I would ask you to go ahead and leave a great review. Then people who are looking for a retirement planning podcast will learn about this one, and they can learn a little bit about what we have t...

There are 10,000 people turning 65 every day from now until the year 2040. Getting older isn’t easy, and with it comes incredible risks to your nest egg.

Want to learn how to protect yourself? Be sure to tune to Make It Last on Saturday mornings at 7:30am on WCTC 1450AM or subscribe to the show on iTunes here.

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and elder law attorney and Certified Financial Planner™. For more information, visit Medina Law Group or Private Client Capital Group.

Do you know a teacher or someone that works for a school district? In the first segment, we explore how public school employees have been sold terrible variable annuities, even as the reps looked like they were endorsed by the district.

Then, do you think that “trusts” are just for rich people? Well, they’re not.

On this week’s Make It Last, Victor discusses the difference between a Trust and a Will and which may be right for you. And Victor discusses the 4 trusts that you absolutely need to consider including in your estate plan.

Show Notes:

Free Book Offer ($5 S&H): http://www.makeitlastradio.com/freebook

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and elder law attorney and Certified Financial Planner™. For more information, visit Medina Law Group or Private Client Capital Group.

Here is the transcript from this episode…

Announcer: Welcome to Make it Last, helping you keep your legal ducks in a row, and your nest egg secure, with your host, Victor Medina, an estate planning and elder law attorney and certified financial planner.

Victor Medina: Hey everybody, it’s Make it Last radio with Victor Medina.  I’m Victor Medina.  Welcome back to another episode, and I’m so excited you’ve joined us here today.  We’ve got a lot in store for you.  I’m going to talk to you about one of my favorite subjects: trust versus wills.  I’m going to share a little information about my own personal family situation.  They’re all teachers, and what’s going on with teacher investments, but before I get started, I realized that I haven’t spent a lot of time talking to you about the structure of the show.  I really put a lot of thought into how I’m going to be doing this, and one of the things I want to do is let you in on that, so you can kind of expect what to do.  I mean, how to listen to the show.  So, we’re going to be breaking this up into three segments.  And what we’re doing is, one of the segments is always going to be today’s timely topics.  I’m going to try to address something that’s currently in the news that will be helpful for you to know.  And then we’re going to go to today’s straight talk, and that’s going to be our biggest education portion of it.  And we’re going to spend some time explaining some new concepts for you.  Things that you can take home with you.  And then we’re going to end with today’s – what are we calling it?  Oh, today’s top tips.  There we go.  Today’s top tips.  So that’s a third segment that we’re going to go in and talk about practical advice for you.  Now, many of the times that we’re going to have today’s top tips going to be related to today’s talk, so we’ll take some time explaining something and then give you something to walk away with.  And then there’s going to be times where we’re going to have a guest on for today’s talk, and the tips are going to be completely unrelated to that.  So that’s going to be the structure, and those three segments are going to be there just about every week.  It helps me plan out everything as we’re going to be talking to you, and it helps you understand that you’re going to have something that you’re going to learn on, current events, something that’s going to go deep on, some new planning subjects that we’re going to talk about, and then we’re going to end up with some practical tips.  And if you stay tuned with us in every episode,

Do you think that “trusts” are just for rich people? Well, they’re not.

Coming up on this week’s Make It Last with Victor Medina, Victor discusses the difference between a Trust and a Will and which may be right for you.

Be sure to tune to Make It Last on Saturday mornings at 7:30am on WCTC 1450AM or subscribe to the show on iTunes here.

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and elder law attorney and Certified Financial Planner™. For more information, visit Medina Law Group or Private Client Capital Group.

On Episode 2 of Make It Last with Victor Medina, we discuss how to create wealth in your 50s, and the new Department of Labor “fiduciary” rule.

Does this rule protect investors as much as the reports suggest? How can you make sure that you’re advisor works in your best interests instead of their own?

Show Notes:

Free Book Offer ($5 S&H): http://www.makeitlastradio.com/freebook

For more information about Medina Law Group’s estate planning team, visit:http://www.jerseyestateplanning.com/about-us/about-the-team/

For more information about working with Private Client Capital Group’s retirement planning services, visit: http://www.privateclientcapitalgroup.com/

Click the link below to read the full transcript….

Welcome to Make it Last, helping you keep your legal ducks in a row and your nest egg secure with your host Victor Medina, an estate planning and elder law attorney and certified financial planner.

Hey folks, welcome back, it’s Make it Last with Victor Medina and if you’re joining us live it is 7:30 in the morning on Saturday, and I hope you have your cup of coffee because I have my cup of coffee, and I’m excited that you’re back listening to today’s show!  Now we’ve got a great show for your today.  We’re going to have it in three different segments.  The first show is going to talk about the five ways to build your wealth in your 50s, and then we’re going to spend the next two segments talking about a new rule meant to protect consumers dealing with their retirement investments.  It’s what we call the DOL fiduciary rule.

Before we get started today though, I do want to share a little personal story.  We had a changeover in my law firm.  You guys know that I run the Medina Law Group, and just recently we had somebody say that they didn’t want to work with us any longer, and that’s fine.  It happens from time to time.  But this person was a very valuable and loved member of our team.  So the question really became like how was it going to affect me?  And I was sharing this information with a few friends of mine, who are always lawyers running a firm, and they said that’s awful, I can’t believe that that happened, and he must be really, really upset.  And the most striking thing occurred which is that I didn’t really feel upset.  I didn’t really label it as something that was awful, and I think that I owe a lot of that to some meditation practice that I’ve been doing recently.

So, if you guys are finding that you are really stressed or you are really getting yourself wrapped around a topic or something in your mind that you’re re‑living over and over again, I have got to tell you I have found the most relief looking at a meditation practice, part of which was started by reading a fantastic book called Ten Percent Happier by Dan Harris.  Now if you guys don’t know this book, it is written by a correspondent on ABC News.  If you watch ABC Morning and Weekend, Dan Harris is on there.  He handles the news and he is part of one of the hosts there.  But he had a mental breakdown a number of years ago due to a number of things that were going on.  But he was feeling incredibly stressed and he had a panic attack on the air.  And that led him on a discovery of meditation practices trying to get him re‑framed, and now he’s gone ahead and written this book.  I encourage you to read the book and, in fact, if you really are in to this and listening to stuff, he put together a great audio book as well.  So he’s reading his own book, and you can find that on audible.  But if you listen to the book,