This week Jim and John cover a New Year’s resolution that should be of great importance to just about everyone, getting into better financial shape. Jim notes that 70% of Americans have no retirement plan, and according to a recent survey, only 31% of Americans are considering a financial resolution to start the year, down from 41% in 2014. Less planning is clearly going to make it more difficult for Americans to retire. Jim and John lay out a number of concrete steps to help you focus on your financial health, including the importance of just having some sort of plan. Jim introduces the case study of Matt and Deborah Stein to illustrate the key elements of getting into better financial shape. The guest this week is attorney Elizabeth McCoy who will discuss special needs trusts.
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