Nov 15, 2018
IRAs and 401Ks are a great way
to help you get closer to your retirement saving goals but they can
seem confusing and overwhelming.
On the Chris Berry show this
week we dispel some myths about retirement planning as well as
explaining some of the basics that are good to know when thinking
about IRAs as well as some great tips about 401Ks.
In this episode of The Chris
Berry Show, we’ll discuss in more detail the change in law
regarding the VA benefit and how it can affect veterans, Chris and
the team’s amazing results from the Walk to End Alzheimer's, and
some great information from Ed Slott on why we should bother saving
in an IRA.
In this episode, you’ll learn...
- Chris’ positive focus for the week.
- The
official numbers of how much was raised for the Walk to End
Alzheimer's.
- The
details of the new change in the law regarding the VA
benefit.
- Chris’ negative focus for the week.
- About
a concept that Chris was discussing with a colleague of
his.
- The
difference between a Roth and an IRA.
- Some
IRA basics.
- Why
it is a good idea to have a financial plan and a plan for
retirement.
- Why
it is important to keep up to date and know the IRA rules for
2018.
- Common myths that people believe when it comes
to retirement planning.
- Why
you should bother saving in an IRA.
- Why
you can't just rely on your employer's sponsored plan.
- Some
things to look out for if your company offers a 401k matching
program.
- How
to attend one of the free workshops that are put on every
week.
- Why
it is important to know the differences between a traditional IRA
versus a Roth IRA.
Q&A
In each episode, I take
questions from listeners. If you do have any questions that you
want answers to, feel free to email us at askchris@thechrisberryshow.com.
Here are the questions I covered in this episode:
- Sebastian asked: "I am four years away from
retirement and I already have enough income for retirement. I have
a lot of money in my checking account. Is there a certain balance I
should keep in my checking account when my retirement accounts are
set?"
- Doug
asked: "I may be receiving an inheritance from my uncle's estate,
and I'm on medicaid and I am worried that the inheritance will
knock me off my benefits. My uncle is still alive and just told me
he planned on including me. What can I do?"
- Laura
asked: “Can I collect social security out of my ex spouse's record
even if my spouse has remarried?”
- Chris
explains a problem that he helped a fellow attorney
with.
If you have a question that you
would like to ask Chris then drop him an email at askchris@thechrisberryshow.com
or call 810-355-2584.
Links & Resources
Alzheimer's Association
Alzheimer's Association 24/7
helpline - 800-272-3900
TheElderCareFirm.com
CJBerryGroup.com
TheChrisBerryShow.com
Michiganestateplanning.com
Farm Bureau Insurance
RiskScoreNow.com
Follow us on Social Media
Twitter: www.twitter.com/ElderCareFirm
Facebook: www.facebook.com/chrisberryshow
LinkedIn: www.linkedin.com/in/christopherjberry