Typically this show covers retirement planning, which means the key demographic doesn’t include people with minor children. However, planning for these families is super important and many of our retiree and pre-retiree listeners have young grandchildren. So, this show is for them, and their (grand)kids. Also, a discussion on “retirement income failure”, and what it[...]
It can be exceptionally difficult to think about your mortality but confronting the complicated issues surrounding planning a loved one's estate is even more difficult when it is your parents. Talking about estate planning can feel uncomfortable and difficult. The feeling that this subject is extremely awkward makes it all the easier to avoid it.[...]
As you enter retirement, your strategy for generating retirement income should be deliberate and should match your individual circumstances. In this episode, I discuss three different approaches to retirement income planning, and share which one(s) I recommend. Make It Last with Victor Medina is hosted by Victor J. Medina, an estate planning and elder law[...]
Any estate planning meeting is valuable for determining your goals and future steps. However, having an estate planning attorney who is knowledgeable about the particular types of documents that you need can be extremely beneficial. Planning ahead for potential catastrophe is not always easy or fun, but it is extremely important. You can make things[...]
Most people regard visiting with their estate planning attorney like a trip to the dentist. Something that’s necessary, not enjoyable, and which should be kept to the bare minimum. The truth is that your estate plan is not a “set-it and forget-it” activity. Things change (like your people/money, and the laws, and your needs), and[...]
The Bloomberg Billionaires Index shows that 6 out of the 25 richest Americans are over the age of 80. The Internal Revenues Service shares data that indicates just how old the top billionaires and millionaires throughout the United States are. Individuals over the age of 80 are a small portion of the population, representing 3.7%[...]
Most people rely on their IRAs to fund some or all of their retirement. However, the research shows that the vast majority of individuals will die leaving a great percentage of their IRA behind. This week, Victor discusses what happens to that IRA and how to put the best planning in place to avoid the[...]
While the majority of questions about family caregiving are extremely complicated, the question of whether or not every home care agency and the people working for them are alike is one of the few that can be answered with a yes or no. There are two primary types of home care services that insurance companies[...]
Too many people haven’t participated at all in any estate planning. Although they'll admit easily that it's something that they need to do, it keeps getting put off. Some of the most common reasons why people procrastinate about estate planning include: They are under the perception that they do not own enough and that estate[...]
Over and over, investors make three mistakes that absolutely kill their ability to see returns in their investments. These three mistakes are common, and avoidable. This week, on Make It Last, Victor discusses what those mistakes are and how to make sure you don’t make them. Also, Victor discusses the right legal planning recommended for[...]