Listener Questions For December, Ep #78 

<p>I love making podcast episodes as practical as possible and nothing is more practical than the real-life questions and scenarios that listeners pass my way. I decided to end up the year with a handful of episodes that focus exclusively on the questions my listeners have submitted. In this episode, you’re going to hear practical advice, in language you can understand. You can submit your questions (see the resources linked below). I’d love to answer your question in the future.</p> <p>This episode covers a number of questions across a wide spectrum of topics. Should you move your portfolio to gold and silver to hedge against inflation? An elder-law attorney advises placing investments into an annuity and irrevocable trust to quality for medicare — is that a good idea? How do you work your way into retirement instead of going immediately into it? Should you hire an advisor if your spouse feels they can handle it?</p> <p> <<<<<<<<<<<<<<<PLAYER CODE GOES HERE>>>>>>>>>>>>>>>></p> <h2>You will want to hear this episode if you are interested in...</h2> <ul> <li>Why I have a long disclosure at the end of my podcast (that nobody listens to)? [5:14]</li> <li>Should I move all my accounts to gold and silver because of inflation? [7:17]</li> <li>I’m nervous about my paycheck stopping & living on my savings [10:51]</li> <li>Linda asks about medical annuity & irrevocable trust to qualify for Medicaid [14:17]</li> <li>My husband handles finances, we don’t work with an advisor, do we need one? [18:40]</li> </ul> <h2>Should I move all my accounts to gold and silver because of inflation?</h2> <p>A listener says that their advisor has counseled them to move their entire retirement portfolio into gold and silver to protect against inflation. This may sound wise, but is it? First off, you need to keep in mind that retirement planning should be done with clear goals in mind. Those goals are the target you’re aiming to hit. If you want to hit it, changing your aim anytime the economy changes a bit is not going to be a good idea. Pul