Are you sufficiently saving for retirement? Do you have a 401k through your work, or are you an employer that offers a 401k to your employees?
How do you, as an investor minimize the loss in value in your 401k when the market drops or corrects?
How do you, as an employer minimize your liability to provide investment advice to your employees through the 401k plan?
This week's guest on the Crushing Debt Podcast is Michael Watkins. Mike is a repeat guest and friend of the show, having appeared on episode 196.
Mike has just finished and released his new book The 401k Revival where he answers the question - how can you side step the next market crash.
You can get a copy of the book at www.The401kRevival.com.
You can also get copies of my two books at www.ShawnMYesner.com to discover ways to create more money in your budget so that you can invest for retirement!
Finally, please refer our sponsor, Sam Cohen of Attorneys First Insurance to a Florida or Texas attorney or title agent you know who is nearing renewal of their professional liability (malpractice) insurance. Sam@AttorneysFirst.com www.AttorneysFirst.com
You can't earn any money after filing Chapter 7 bankruptcy.
The Chapter 7 Trustee will come into your house and take all your stuff.
Chapter 7 is now harder to file.
These are all myths about filing a Chapter 7 (Liquidation) bankruptcy case. Last week, I talked about thirteen myths about Chapter 13, and this week, I'm following it up with seven myths about Chapter 7. What are the other myths? You'll have to listen to the episode to find out.
Please continue to support our sponsor, Sam Cohen of Attorneys First Insurance, by introducing him to attorneys and title companies in Florida and Texas that want a competitive quote on renewing their professional liability (also called malpractice) insurance. Sam can be reached at Sam@AttorneysFirst.com or www.AttorneysFirst.com.
For more information about Chapter 7 and 13, please order a free copy of my second book, Become Debt Free in Less Than One Hour, at www.ShawnMYesner.com/BecomeDebtFree.
A Chapter 13 requires you to pay ALL of extra money to the Trustee every month!
You are prohibited from moving, buying a new car or taking a vacation during a pending Chapter 13!
Your creditors have to approve the Chapter 13!
The Trustee will take all your stuff when you file Chapter 13!
Yes, these are all myths and untrue when you file Chapter 13. This week's episode came about from a consultation with a prospective client who was so scared of filing Chapter 13 because of all of the misinformation on the internet. Once I dispelled those myths, we were able to craft a plan that allowed her to repay a portion of her debt, get a fresh start, keep some of her luxury items (like jet skis) and save a little bit of money each month!
What other rumors or myths are there around Chapter 13? This week, we discuss 13 of them (including some of the ones mentioned above).
If you want to learn more about Chapter 13 bankruptcy, you can read my book - Become Debt Free in Less Than One Hour at www.ShawnMYesner.com/BecomeDebtFree