58 min
Make It Last – Ep 147 – The Sandwich Generation Make It Last with Victor Medina - Legal & Financial Retirement Planning
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- Investing
Ever wonder about COVID’s affect on retiree’s? This week Victor and Mark discuss how the 3 million Baby Boomer’s that retired in the past year have affect on the U.S. economy.
What is the sandwich generation? Similar to the meat in an actual sandwich, they’re stuck in the middle…in the middle of raising their kids and taking care of their parents that is.
Victor gives Gen X some serious retirement advice you won’t want to miss on this week’s episode of Make It Last…
For more information, please visit 920taxes.com
Also available on Spotify, Apple Podcasts, & Google Podcasts
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.
Full Transcription Below
Mark Elliot: Welcome to “Make It Last” with Victor Medina, Medina Law Group and Palante Wealth. I’m Mark Elliott.
Victor and his teams focus on traditional estate planning, asset protection, retirement distribution, proactive income tax planning. He’s been featured on national television, The Wall Street Journal, The Huffington Post, U.S. News & World Report.
Here’s the deal, if you have any question about anything that we talked about today on the program, you’d like to learn more about, “Why I didn’t know that, I would like to learn more,” you can always call the team, (856) 506 8300.
Or you’re in that timeline of 5 to 10 years out from retirement, you’re like, ”Boy, there’s a lot of moving parts here. I don’t know what my income plan is. Where’s my income coming from? What about my investment strategy? Should I be tweaking that a little bit?
“What about taxes? Taxes go up, what should I be doing? How do I plan for that? What about estate planning? How do I put all this together?” That’s what Victor’s teams are here to help you with, (856) 506 8300.
Today, we’re going to talk a little bit out of the gate about financial literacy, and it’s not a surprising thing to me, Victor. Now, you said your parents were teachers, correct?
Victor Medina: Correct.
Mark: Any of them teach math, either one of them?
Victor: Neither of them.
Mark: My dad was a math teacher and I don’t really like math. My mom was an English teacher. I did spend one year teaching seventh and eighth grade English. Then my elective that I taught was a history class, like Zachary Taylor was so short, he had to be helped on his horse.
William Taft was the first president with electricity, and I believe the bathtub in the White House. I think he even threw out the first pitch in a major league game.
It was a fun‑filled show or fun‑filled class, if you will, but I’m not surprised that most Americans get a failing grade when it comes to retirement literacy.
This is according to the American College of financial services. They did a test. It was a 38 question quiz. 89 percent of female participants flunked, 72 percent of men failed the quiz.
Ever wonder about COVID’s affect on retiree’s? This week Victor and Mark discuss how the 3 million Baby Boomer’s that retired in the past year have affect on the U.S. economy.
What is the sandwich generation? Similar to the meat in an actual sandwich, they’re stuck in the middle…in the middle of raising their kids and taking care of their parents that is.
Victor gives Gen X some serious retirement advice you won’t want to miss on this week’s episode of Make It Last…
For more information, please visit 920taxes.com
Also available on Spotify, Apple Podcasts, & Google Podcasts
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.
Full Transcription Below
Mark Elliot: Welcome to “Make It Last” with Victor Medina, Medina Law Group and Palante Wealth. I’m Mark Elliott.
Victor and his teams focus on traditional estate planning, asset protection, retirement distribution, proactive income tax planning. He’s been featured on national television, The Wall Street Journal, The Huffington Post, U.S. News & World Report.
Here’s the deal, if you have any question about anything that we talked about today on the program, you’d like to learn more about, “Why I didn’t know that, I would like to learn more,” you can always call the team, (856) 506 8300.
Or you’re in that timeline of 5 to 10 years out from retirement, you’re like, ”Boy, there’s a lot of moving parts here. I don’t know what my income plan is. Where’s my income coming from? What about my investment strategy? Should I be tweaking that a little bit?
“What about taxes? Taxes go up, what should I be doing? How do I plan for that? What about estate planning? How do I put all this together?” That’s what Victor’s teams are here to help you with, (856) 506 8300.
Today, we’re going to talk a little bit out of the gate about financial literacy, and it’s not a surprising thing to me, Victor. Now, you said your parents were teachers, correct?
Victor Medina: Correct.
Mark: Any of them teach math, either one of them?
Victor: Neither of them.
Mark: My dad was a math teacher and I don’t really like math. My mom was an English teacher. I did spend one year teaching seventh and eighth grade English. Then my elective that I taught was a history class, like Zachary Taylor was so short, he had to be helped on his horse.
William Taft was the first president with electricity, and I believe the bathtub in the White House. I think he even threw out the first pitch in a major league game.
It was a fun‑filled show or fun‑filled class, if you will, but I’m not surprised that most Americans get a failing grade when it comes to retirement literacy.
This is according to the American College of financial services. They did a test. It was a 38 question quiz. 89 percent of female participants flunked, 72 percent of men failed the quiz.
58 min