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
