What To Do After The Car Crash (with Elizabeth Calora)

The Stacking Benjamins Show

Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

Education, Business, Money, Investing, Financial Planning, Cfp, Personal Finance, Retirement

4.4 • 2K Ratings

🗓️ 16 September 2019

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

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Summary

Would you know what to do in the 24 hours after a car accident? What about that next 7 days? The days following an accident is a stressful time, but following the right steps can make a big difference. On today's show we'll talk to Elizabeth Calora, partner at PCVA Law, to talk about what you should do after you are involved in an accident.

During our headlines segment, one retiree placed her life savings into an annuity without knowing the full consequences, (on the advice of a financial advisor). After an uphill battle, PNC bank has finally agreed to refund her money...but is that the full story? Of course it isn't. We'll share the not-so-obvious conclusion during our breakdown. PLUS, we bring you a slice of sunshine (because that's what we do best). It turns out that average 401k savings rates have hit record levels. That's neat...but as yours?

Becky calls our Haven Life Line today. She's over 60 (we didn't ask....she told us!), and she shares that she's worred that she has close to ZERO cash in after-tax accounts. She has good news, though....she DOES have money in Roth accounts that have sat for over 5 years. So does she need an after-tax account? Is she missing anything?

Of course, we'll always have time for Doug's trivia and bunches of fun.

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Transcript

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0:00.0	Where's the kaboom?
0:01.9	There was supposed to be an earth-shattering kaboom.
0:10.2	Live from Joe's mom's basement.
0:13.2	It's the stacking Benjamin show.
0:29.0	I'm Joe's mom's neighbor, Doug, and who taught you what to do if you have a fender bender or maybe even a more serious car accident?
0:31.5	Today, we'll ask a pro because joining us, we welcome attorney Elizabeth Kalora, partner at PCVA law.
0:40.2	And during our headline segment, one retiree has finally won back her money after she says
0:45.9	she was misled by a bank-based financial advisor into purchasing an annuity with her life savings.
0:52.5	Believe me, this story only gets better. Plus, we'll throw
0:56.5	out the Haven Lifeline to Becky, who has no money in after-tax accounts. Should she have
1:02.2	some money available outside of IRAs? And of course, we'll still have time for my amazing
1:09.0	trivia. And now, two guys who probably started the car accident
1:13.2	in the first place, it's Joe and O J-J-J-J-J-J-J-J-J-J-J-J-J-J-J. Well, if you'd stop trying to drive from the right seat and just, I got it.
1:32.2	I don't need your help.
1:33.5	I've been doing this a long time.
1:34.6	I have no idea what you're talking.
1:35.5	You know, every time I drive, every time I drive, there's one person who always says I drive too slow and that I drive like a grandma, and that is you. Every other person, like Cheryl's like, slow down. Whoa, whoa, what are we doing? Whenever I ride with you, you're like, come on, man. We got to go. We got to go. So not my problem. Doug and I were talking about this offstage just a little bit ago about how it's so painful. I would rather just walk. What's that? Ride with me?
2:01.8	Yeah. Are you kidding me? No, I'm not kidding, actually. You should ask him. We both talked about this. I think if you're going to do if you're going to do backseat driving, I think you need to do it better. I think you totally need to do it. I can't just reach over from the back seat and try to. Well, it's probably not the best.
2:16.5	I wonder if they have a class for this on Skillshare.
2:19.1	Thanks to Skillshare for supporting Stacking Benjamin's. reach over from the back seat and try to... Well, it's probably not the best. I wonder if they have a class for this on Skillshare.
2:19.1	Thanks to Skillshare for supporting Stacky and Benjamin.
2:21.7	Skillshare's offering Stacky Benjamin's listeners,
	...

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