Understanding the Economic Impact of the Coronavirus [Episode 142]

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Attorney-CPA Joe Cordell and co-host Jill Enders are joined by Peter Lazaroff, CIO, CFA, CFP of Plancorp, as they discuss the financial and economic implications of the Coronavirus pandemic. They talk about Peter’s background and what Plancorp does (4:30). Peter explains the impact that the Coronavirus has had on the United States market (5:01) and how the economy in both Italy and China have processed this pandemic in different stages (7:50).

Joe and Peter discuss what “flattening the curve” means (9:57), as well as possible “peaks” that we may see affecting the country from an economic perspective, including the possibility of a recession (13:55). Joe and Peter discuss the impact that existing debt has on the economic forecast. (20:00). Peter explains what he is telling his clients during this time of economic uncertainty (26:37) and how important looking at your financial plan is right now (29:25).

Peter talks about what he tells many of his clients who are over the age of 70 during moments of economic uncertainty in the market (32:00), as well as advanced estate planning strategies that many use to help them in the market. (35:35).

Taking Precautions Against the Coronavirus [Episode 140]

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Attorney-CPA Joe Cordell and co-host Jill Enders dive into the topic of the coronavirus. They talk about their own experiences at restaurants and grocery stores, before diving into how it can affect seniors and their families.

Joe and Jill highlight some of the necessary estate planning documents that seniors need to have in place. Joe emphasizes the need for a durable Power of Attorney (4:19), and announces that TuckerAllen will be creating free durable Powers of Attorney for those with a photo ID, who come to their Chesterfield location, between 9 a.m. to 11 a.m., Monday, March 16, 2020, at 600 Kellwood Parkway, Suite 300, Chesterfield, Mo. 63017 (5:43).

Joe and Jill begin discussing safety within assisted and community living facilities and how these types of environments may be affected by the coronavirus and its ability to spread (8:41). They offer every day tips on how to better stay safe and healthy during this coronavirus outbreak (14:12). They also talk about how technology can assist society in how we function during these challenging times (21:00).

Joe also discusses the importance of having an emergency notification device that can help alert others of any type of emergency that can arise (23:20). He also describes each of the legal devices that make up a comprehensive estate plan and how they are essential with all of the health risks that have arisen (28:17).

World’s Best Places to Retire in 2020 [Episode 141]

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Attorney-CPA Joe Cordell and co-host Jill Enders are joined by International Living Magazine editors Suzan Haskins and Dan Prescher to talk about the magazine and its history (2:10). Suzan and Dan break down the factors that go into creating the Annual Global Retirement Index (4:46), as well as the quality of health care internationally and how that factors into the decision to retire outside of the United States (15:12).

Joe, Jill, Suzan, and Dan highlight some of the Asian and European countries featured in the index, including Vietnam (18:55), France (25:47), Spain (27:18), Portugal (27:37), Mexico (33:45), Panama and Costa Rica (36:57), Malaysia (39:18),

They also talk about concerns over language barriers (28:09), as well as Suzan and Dan’s books, “Live Richer, Spend Less: International Living’s Ultimate Guide to Retiring Overseas: The Best Places to Retire on a Budget” and “The International Living Guide to Retiring Overseas on a Budget: How to Live Well on $25,000 a Year” (40:06).

Don’t Cut Corners in Your Estate Planning [Episode 139]

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Attorney-CPA Joe Cordell and co-host Jill Enders talk about the importance of not cutting corners in your estate planning, on this episode of ElderTalk with TuckerAllen. They emphasize why overpaying and getting it done thoroughly and correctly is better than underpaying and utilizing a form.

They touch on each of the moving parts that you need to take care of, while you still are able to do so, such as a durable Power of Attorney, a will, and a trust. Joe dives further into what a trust does, as a central entity of your entire estate plan.

Joe explains the roles involved in the estate planning process and the importance of choosing individuals for these roles based on an accurate understanding of their character, as opposed to loyalty or affection for that person.

He also differentiates wills and trusts, highlighting the ins and outs of both and why having both is a good idea.

Then Joe and Jill are joined by roving reporter online editor Dan Pearce, as they break down estate planning issues surrounding a family and their Italian restaurant in Canton, Ohio.