The Good News-Bad News in Financial Planning

Life is all about balance and today’s show will keep you level-headed when it comes to certain financial situations. Every decision we make needs to take into consideration the pros and cons and weigh them against each other to determine which option is best.

 

We going to look at a few different situations where there are positives but those don’t usually outweigh the bad. This good news-bad news happens all the time in financial, retirement, and estate planning and our job is to help clients sort understand the full picture so they choose what benefits them the most.  

 

Here are some of the things we’ll discuss in this episode:

 

• The interest on your debt might be tax deductible but that’s not worth carrying it.
• Should you let low fees keep you in a mutual fund that doesn’t perform well?
• If you’re depending on Medicaid to pay for your nursing home care, it means you don’t have much else left in the bank.
• Can you count on your portfolio always bouncing back after a big drop?

 

About Retirease Radio:

Retirease Radio is hosted by Victor J. Medina, a Certified Elder Law Attorney (CELA®) and a Certified Financial Planner (CFP™). Founder of Medina Law Group & Palante Wealth Advisors, Victor and his companies are dedicated to empowering people through education about estate planning and their finances.

Connect:

Medina Law Group: https://www.jerseyestateplanning.com/ 

Palante Wealth Advisors: https://palantewealth.com/