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The Stacking Benjamins Show

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

The Stacking Benjamins Show

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

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

4.42K Ratings

🗓️ 16 September 2019

⏱️ 75 minutes

🧾️ Download transcript

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. Thanks to Skillshare for supporting Stacking Benjamins. Get TWO months of courses for free at Skillshare.com/SB. Get the money you need to run your small business. Go to Kabbage.com to get started. Credit lines subject to review and change. Individual requests for capital are separate installment loans issued by Celtic Bank, Member FDIC. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You know in today's world seems like the best treatments reserved only for a few. Well,

0:04.4

Discover wants to change that by making everyone feel special. That's why with your Discover card

0:09.7

you have access to 24-7 live customer service as well as $0 fraud liability, which means you're never

0:16.5

held responsible for unauthorized purchases. Finally, no matter who you are or where you

0:21.6

are in life,

0:22.6

you'll feel special with Discover.

0:24.5

Learn more at Discover.com slash credit card.

0:27.3

Limitations apply.

0:29.2

Where's the caboom?

0:31.0

There was supposed to be an earth-shattering kaboo!

0:34.0

Live from Joe's mom's basement.

0:40.0

It's The Stacking Benjamin Show.

0:44.3

I'm Joe's Mom's neighbor Duggan who taught you what to do if you have a

0:57.2

fender-bender maybe even a more serious car accident. Today we'll ask a

1:01.6

pro because joining us we welcome attorney Elizabeth

1:05.7

Calora partner at PCVA law and during our headline segment one retiree

1:12.0

has finally won back her money after she says

1:14.8

she was misled by a bank-based financial advisor into purchasing an annuity with her

1:20.3

life savings. Believe me this story only gets better. Plus, we'll throw out the Haven

1:26.0

lifeline to Becky who has no money in after-tax accounts. Should she have some money available

1:32.1

outside of IRAs?

1:34.0

And of course, we'll still have time for my amazing trivia.

...

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