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

This week Victor & Mark discuss building a financial home to get you through retirement. Victor knows a lot about building/restoring homes as he worked to restore his own home built in 1878! Also in this week’s episode is a walkthrough of “5 Things Your Kids Don’t Want,” & the practice of decluttering.

Leave a review and give a 5-star rating on the Apple Podcast app. As always, share with a friend!

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and Certified Elder Law Attorney (CELA) and Certified Financial Planner professional (CFP). Through his law firm and independent registered investment advisory company, Victor provides 360º Wealth Protection Strategies for individuals in or nearing retirement.

For more information, visit Medina Law Group or Palante Wealth Advisors.

Victor & Mark begin the show talking about how are current political environment could impact your retirement. U.S. debt, low interest rates, household goods prices rising, & a change in taxes are just a couple things that could affect your finances and retirement plan.

The marginal gains theory, you might have heard of it, is concerned with small incremental improvements in any process, which, when added together, make a significant improvement. How does this apply to your retirement?

Then Victor & Mark give 5 ways to stay active, mentally & physically, in retirement.

If you call their number 856-506-8300, for a free copy of ANY of Victor’s 5 books in the Make It Last series. View the books & their description here:

https://amzn.to/3gQOaHA

Leave a review and give a 5-star rating on the Apple Podcast app. As always, share with a friend!

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and Certified Elder Law Attorney (CELA) and Certified Financial Planner professional (CFP). Through his law firm and independent registered investment advisory company, Victor provides 360º Wealth Protection Strategies for individuals in or nearing retirement.

For more information, visit Medina Law Group or Palante Wealth Advisors.

This week, Victor gets personal as he shares about his companies: Medina Law Group & Palante Wealth Advisors. Learn all about the office, the team members, and the process itself that gets you ready for retirement. Victor is a Certified Elder Law Attorney (CELA®), as well as a CERTIFIED FINANCIAL PLANNER™ so his companies work together, to give you a full retirement plan that works when you need it.

If you’re interested in a complimentary consultation, reach out to us at 856-506-8300.

Leave a review and give a 5-star rating on the Apple Podcast app. As always, share with a friend!

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and Certified Elder Law Attorney (CELA) and Certified Financial Planner professional (CFP). Through his law firm and independent registered investment advisory company, Victor provides 360º Wealth Protection Strategies for individuals in or nearing retirement.

For more information, visit Medina Law Group or Palante Wealth Advisors.

Full Transcript Below

Mark Elliot: Welcome to "Make It Last" with Victor Medina. I'm Mark Elliott.

Victor's got two companies. We're going to talk about both of those companies today on the program, Medina Law Group and Palante Wealth. Victor focuses on traditional estate planning, Medina Law Group. He works on, with Palante Wealth, asset protection, retirement distribution, proactive income tax planning.

Victor has been featured on national television, "The Wall Street Journal," "The Huffington Post," "US News & World Report."

We're going to go into depth today. What is the client experience like? If you want to have your estate plan, you don't really have an estate but you feel like your estate needs a plan, and it's not just for the wealthy. We'll talk about that today as well, but you want to go in to sit down with Victor and the team at the Medina Law Group. What's that like? What's that experience like?

Maybe you want to find out, hey, can I retire? Do I have enough? Will my money last? Will my loved ones be OK if something happens to me? Maybe that's the Palante Wealth side, the holistic planning for your retirement side.

What happens if you go in and sit down with them? What's it like? What is the experience like? Now, Victor, right out of the gate, I'm going to guess this isn't like going to the dentist and having a root canal.

Victor Medina: No, not at all.

[laughter]

Victor: The thing about it is that most people don't think about contacting their lawyer, contacting their financial advisor as the thing that they want to do for fun and enjoyment. In understanding that, we focused in the client experience of shifting that around, thinking about scripting that client experience so that people feel welcome.

They're put at ease from the moment they contact us, to the moment they walk into the office, to the moment that their plan is completed. Every moment of that [indecipherable 1:37] , seeing through their eyes to make sure that they're feeling comfortable, and welcomed, understood, and cared for all along the way.

The biggest source of pride that we get when clients reflect back on what their experience is like is how they were treated like family all the way through. They would think, "You know, this is what I would hope that my child would have done for me if they were an estate planner or a financial advisor for what they were doing."

The very beginning part of that, reaching out to us and making sure that you know about us, and schedule appointment, those types of things. the first source of contact is somebody who spends their time talking to people like you, our clients, all the time, hears their stories,

This week, Victor & Mark begin the show talking about how important estate planning is, if you want to make things easier for your loved ones who you leave behind. Then, there are a lot of retirement tools out there like 401ks and Roth IRAs – are they enough for your future? Finally, the pair discuss the different types of financial advisors out there, & the 3 Worlds of Money.

Bonus: Victor ends the show talking a little more in depth about his family at home!

Leave a review and give a 5-star rating on the Apple Podcast app. As always, share with a friend!

If you’re interested in a complimentary consultation, reach out to us at 856-506-8300.

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and Certified Elder Law Attorney (CELA) and Certified Financial Planner professional (CFP). Through his law firm and independent registered investment advisory company, Victor provides 360º Wealth Protection Strategies for individuals in or nearing retirement.

For more information, visit Medina Law Group or Palante Wealth Advisors.

Full Transcript Below

Mark Elliot: Welcome to "Make It Last" with Victor Medina, I'm Mark Elliot. Now, Victor has two companies, Medina Law Group and Palante Wealth. The teams focus on traditional estate planning, asset protection, retirement distribution, and proactive income tax planning. Now, Victor's been featured on "National Television," "The Wall Street Journal," "The Huffington Post" and "US News & World Report."

If you have any questions about anything you hear on the show today, give the team a call at 856-506-8300. We'll give you that number throughout the program. There's no cost, there's no obligation, there's no pressure, hey, there's no judgment. We've all made mistakes. Victor, you've probably never made a mistake though, have you?

Victor Medina: No, you just have to ask my wife, Mark. Because [laughs] she's got a whole list of them going in there and thankfully she's never judged me this entire time.

Mark: Absolutely, if you hear something today you're like "Wow, I didn't know that about retirement and I didn't know that about estate planning," whatever the question is that you're like, "I'd like to learn more," call the team. They're here to help. They just don't know if they can help you until they get a feel for your situation. Again, the number 856-506-8300.

Victor, this is exciting because we're going to talk about a lot of different topics that pertain to retirement. We're going to talk about how in the world does somebody start two companies, a law group and a wealth group, because they're two different functions but all tied around retirement.

Let's talk about you. How did you get into the financial world? How long have you been in it? What made you decide to be a financial advisor?

Victor: It's a really interesting journey, isn't it, Mark? Most people would not marry the two things together. Somebody a lawyer and doing legal planning, and then adds to that retirement planning, but it was very natural extension for me as I was developing how I was going to serve clients.

The journey begins in how we establish the estate planning component of it, which is I had a family member who passed away and had an estate plan that didn't work. There's no plainer way of saying it. After he died, the family was a mess. It was not what they expected. He had paid a boatload of money, Mark, to have an estate plan. They expected that it was going to work.

The first thing that we did in helping them...I suppose I should count myself lucky that I wasn't the only physician in the family, because I'd be asked all kinds of questions about medical issues. As the only lawyer in the family,

Make It Last is back and better than ever! The show is back on a new station, 920AM at 10:00am, every Saturday morning. Alongside my new co-host, Mark Elliot, I am back covering everything from how current events could affect your savings to strategies to maximize your retirement income. As you know (since you’re here) we save the show and put it out as a podcast each week. Today’s episode we are covering March Madness & how it is like retirement as well as what areas of retirement “turbulence” you should fly around.

Leave a review and give a 5-star rating on the Apple Podcast app. As always, share with a friend!

If you’re interested in a complimentary consultation, reach out to us at 856-506-8300.

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and Certified Elder Law Attorney (CELA) and Certified Financial Planner professional (CFP). Through his law firm and independent registered investment advisory company, Victor provides 360º Wealth Protection Strategies for individuals in or nearing retirement.

For more information, visit Medina Law Group or Palante Wealth Advisors.

Transcript Below

Mark Elliot: Welcome to "Make it Last" with Victor Medina. I'm Mark Elliot. Victor now has two companies...not now, he's had them for a while, right? 2006, started the Medina Law Group. That is because Victor is a practicing Estate Planning and Certified Elder Law Attorney. That side of the business is about estate planning, and then that can go into a lot of different areas, obviously.

In 2014, Victor had people on the estate planning side going, "Well, what about my investments? How come you can't help me there?" He's going, "Well, I don't know. What if I could answer yes, I can help you in that area. How do I go about doing that?" So, in 2014, he started Palante Wealth, which is about holistic planning for your retirement.

We've got two companies. They focus on traditional estate planning, asset protection, retirement distribution, proactive income tax planning. Victor's been featured on "National Television," "The Wall Street Journal," "The Huffington Post," "US News & World Report." The idea is that Victor is here to give you information. Some might pertain to you. Some might not.

If there's something that Victor says that you go, "Wow, I didn't know that. I think that's important for me and my retirement," call the team. They're here to help. There's no cost, no obligation, no pressure. There's no judgement.

We're moving forward. We're not looking backward. It's 856-506-8300. No cost, no obligation, no pressure, no judgement. 856-506-8300.

Victor, we had March Madness. I don't know. Are you a big basketball guy?

Victor Medina: I'd tell you, Mark, I grew up in Connecticut, which meant that there was no professional sports team after the Hartford Whalers left. The professional sports the team that we follow was the University of Connecticut Huskies. I'm a big basketball fan, and I was a big basketball fan this March Madness as the Huskies qualified for the first time in seven years to place. This is huge for me.

Mark: Well, you had to be then...

Victor: It all ended in one night. [laughs]

Mark: You had to be the women's basketball fan of UConn.

Victor: For sure. Geno, he's the big star in the entire state.

Mark: Do you fill out a bracket every year, when it comes to this time?

Victor: I took a break when UConn stopped making the tournament because of course my bracket would always look the same, as I would always make UConn go all the way to the finals. Of course, it was never right. It was right in 2002. It was right a couple of times in there,

If Victor had one lesson to give, for one show only, it’s in this episode. This week, Victor goes back to how different recording his very first show was and talks about what the future might hold. He then leaves you with what he believes to be the top lesson you can hear; the very best information he has on these topics that make up Make It Last.

Subscribe to Make It Last on Apple Podcasts, Spotify, or wherever you listen to the show so that you can be alerted when a new show/series has premiered! On those platforms is where you will find new, more focused shows and series.

Make It Last: Empowering Women In Retirement is the latest edition to Victor’s book series. Get your copy over at Amazon in either print or e-book. Join us as we celebrate with a Book Launch Party on November 14th, 2019 at Amalfi’s in Lawrenceville, NJ from 4:30-6:30. Head to mlg-book-launch.eventbrite.com to claim your spot!

Thank you for your support and dedication these last few years. We will see you soon.

Leave a review and give a 5-star rating on the Apple Podcast app. As always, share with a friend!

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and Certified Elder Law Attorney (CELA) and Certified Financial Planner professional (CFP). Through his law firm and independent registered investment advisory company, Victor provides 360º Wealth Protection Strategies for individuals in or nearing retirement.

For more information, visit Medina Law Group or Palante Wealth Advisors.

This week, Victor breaks the news that he will be ending the radio show. But before everyone gets too tearful, this is not a hard goodbye. Make sure to subscribe to the show on Spotify, Apple Podcasts, as well as on your Android device so you can be right back with us when we launch into future content with new segments and new series.

Victor then talks about his newest book: Empowering Women In Retirement. He talks about why he was led to write this book and some of the great chapters inside. Victor also invites YOU to his book launch party at Amalfi’s in Lawrenceville on November 14th. He’s covering food and the books but is asking for $10 donations for each copy, that will all go completely to WomanSpace. WomanSpace is an organization here in Mercer County that helps women, men, and families impacted by domestic violence. If you work for an organization who would benefit from having Victor come talk about the book, reach out to us at 609-818-0068.

Finally, Victor dives into some financial and legal topics. First up, he discuses the new laws that are allowing people to create and sign wills online. While the Internet has allowed for many simplicities in our lives – is it really good for our planning? Victor discusses the positives and negatives of the new trend. Then Victor ends the show discussing surrender charges in annuities and whether they are worth paying to get out of a situation.

Like this episode? Leave a review and give a 5-star rating on the Apple Podcast app. As always, share with a friend!

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and Certified Elder Law Attorney (CELA) and Certified Financial Planner professional (CFP). Through his law firm and independent registered investment advisory company, Victor provides 360º Wealth Protection Strategies for individuals in or nearing retirement.

For more information, visit Medina Law Group or Palante Wealth Advisors.

This week, Victor begins the show discussing funeral representatives and how laws have changed how it works today. Then, Victor switches gears and walks through an annuity application: how was it put together and what should you be looking for?

If you’re interested in attending our October 21st or October 29th seminar all around wills and trusts at Rider University, text the word INVITE to 609-554-5936. Or you can call the office at 609-818-0068, and we can get you on the list!

Like this episode? Leave a review and give a 5-star rating on the Apple Podcast app. As always, share with a friend!

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and Certified Elder Law Attorney (CELA) and Certified Financial Planner professional (CFP). Through his law firm and independent registered investment advisory company, Victor provides 360º Wealth Protection Strategies for individuals in or nearing retirement.

For more information, visit Medina Law Group or Palante Wealth Advisors.

A potpourri of topics this week. In this episode, Victor explains the legal risks of living together, unmarried, after age 50. Estate planning laws favor couples who are married so what does that mean for everyone else? Then, Victor discusses an article that talks about the difference between people who are self directed in their investments and those who work with an advisor. Finally, Victor finishes the show with whether a pension buy-out is right for you.

If you’re interested in attending our October 21st or October 29th seminar all around wills and trusts at Rider University, text the word INVITE to 609-554-5936. Or you can call the office at 609-818-0068, and we can get you on the list.

Like this episode? Leave a review and give a 5-star rating on the Apple Podcast app. As always, share with a friend!

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and Certified Elder Law Attorney (CELA) and Certified Financial Planner professional (CFP). Through his law firm and independent registered investment advisory company, Victor provides 360º Wealth Protection Strategies for individuals in or nearing retirement.

For more information, visit Medina Law Group or Palante Wealth Advisors.

A lot of pre-retirees fear retirement because they worry about running out of money or not being successful. In this episode of Make It Last, Victor looks at common regrets and mistakes that retirees have experienced and ways you can avoid making them.

We are holding a couple education seminars titled Wills & Trusts: Simplified at Rider University in Lawrenceville, NJ on Monday, October 21st and Tuesday, October 29th!  If you’re interested in how planning documents are created and how they’re used and would like to attend: text the word INVITE to 609-554-5936 and we’ll put you on the list!

Like this episode? Leave a review and give a 5-star rating on the Apple Podcast app. As always, share with a friend!

Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and Certified Elder Law Attorney (CELA) and Certified Financial Planner professional (CFP). Through his law firm and independent registered investment advisory company, Victor provides 360º Wealth Protection Strategies for individuals in or nearing retirement.

For more information, visit Medina Law Group or Palante Wealth Advisors.