Nov 1, 2018
The parts of a financial plan
are like puzzle pieces. If one of the pieces is wrong then it won’t
fit with the rest of the puzzle, and that is not a good
thing.
On the Chris Berry show this
week we talk about the value of having a good holistic plan and why
it’s important to have all the pieces of your plan fit together
perfectly.
In this episode of The Chris
Berry Show, we’ll discuss methods for making sure your investments
are in order and some great tips when it comes to choosing a
fiduciary. We will also be discussing why you should never
procrastinate when it comes to wealth, estate, and tax planning for
the second half of life.
In this episode, you’ll
learn...
- Chris’ positive focus for the week.
- How
an acapella group got Chris thinking about the goal of The Elder
Care Firm.
- Details on how to make a donation to the Walk
to End Alzheimer's.
- The
value of a holistic advisor.
- Why
The Chris Berry Show wants to bring holistic planning to the middle
class.
- Why
you need to make sure that your investment plan is on
point.
- Why
you need to make sure that your investments match your
volatility.
- A
definition of the “now”, “later”, and “soon” buckets that make up
the Bucket Plan.
- How
the Bucket Plan can help organize your investments.
- Why
it’s important to plan for inflation in your “soon”
bucket.
- That
it’s important to look into tax planning and not just tax
preparation.
- How
holistic planning is a key piece of the puzzle when it comes to
planning for the second half of life.
- An
example of why some people are afraid to sign a will or
trust.
- Why
you should never procrastinate when it comes to financial
planning.
- Some
tips on how to choose a fiduciary.
- How
often you should review your financial and legal plans.
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:
- John
asked: "Can a spouse make a medical decision without a power of
attorney?"
- Gayle
asked: "When is a guardianship required? My father has been
diagnosed with Alzheimer's, and he's starting to forget some
things. When do we need to take steps to become a guardian for
him?"
- Helena asked: "I think my father may have
Alzheimer's, what do I do?"
- Sarah
asked: "What are the care options for my mother with
Alzheimer's?"
- Sam
asked: "If four adult siblings inherit an equal amount of an
estates, but one of the four passes away, does his portion of the
estate go to the rest of the siblings, or to his
children?"
- Chad
asked: "So what makes up my estate? Who needs estate planning? What
makes a well-designed estate plan? If I have living trust, do I
need a will?"
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
Follow us on Social Media
Twitter: www.twitter.com/ElderCareFirm
Facebook: www.facebook.com/chrisberryshow
LinkedIn: www.linkedin.com/in/christopherjberry