Personal Pension Radio

Retirement planning can be challenging but its not as complicated as many financial professionals would like you to believe.  With that in mind, Kraig Strom interviews advisor, Jason Purvis about a recent opportunity he had to help a husband and wife begin their retirement income planning journey.

Maximum retirement income is not found in a single product.  Achieving your ideal retirement lifestyle takes planning and a strategy that involves the proper balance between your financial assets.  Our goal at Personal Pension Radio is to help you complete your financial journey and live the retirement you dream of.

 

Direct download: Jason20Purvis20-20Case20Study.mp3
Category:Personal Finance -- posted at: 7:00am PDT

EPISODE REMOVED DUE TO COMPLIANCE REVIEW.

Unlike Financial Entertainers, we are regulated by multiple government agencies. To make sure that we remain compliant with an ever growing list of rules and regulations, we work with a compliance review team to check our content.  Sometimes, our team finds content or an entire episode that needs to be changed. 

This is one of those cases where our compliance team recommended that we remove this episode. 

If you would like to know more about this topic, please contact us on PersonalPensionRadio.com

Kraig Strom

Direct download: Episode_Compliance.mp3
Category:Personal Finance -- posted at: 7:00am PDT

Economic Rules of Retirement

3 Functions of Money

  1. Liquidity - Liquidity is not for income.  Opportunity and emergency
  2. Income - The more efficient we are at satisfying desired income stream, the more money is left for legacy and liquidity
  3. Legacy

Balance 2 Main Financial Powers

  1. Interest Rate/Rate of Return
  2. Actuarial Science

Avoid Starting Your Growth Cycle Over

Applies to any big planned expenses like paying for college, mortgages, weddings, business loans etc.

Longevity Risk

Kraig- What's personal pension Radio - About?

Thanks to the death of private pensions, the devaluation of Social Security benefits and other undeniable factors such as inflation and increased taxes, America is now in a retirement income crisis. Without the help of qualified advisors, the next generation of retirees will be met with a perfect storm of unstoppable, unwanted events that may prevent them from reaching their maximum retirement potential.  The Personal Pension Radio show is focused on bringing together the experts needed to help business owners and professionals build & protect their wealth and lifestyle today and generationally.

Maximum retirement income is not found in a single product.  Achieving your ideal retirement lifestyle takes planning and a strategy that involves the proper balance between your financial assets.  Our goal at Personal Pension Radio is to help you complete your financial journey and live the retirement you dream of.

Direct download: PPR_32_-_Economic_Rules_of_Retire.mp3
Category:Personal Finance -- posted at: 7:00am PDT

Maximum retirement income is not found in a single product.  Achieving your ideal retirement lifestyle takes planning and a strategy that involves the proper balance between your financial assets.  Our goal at Personal Pension Radio is to help you complete your financial journey and live the retirement you dream of.

 

The road to retirement is not always an easy one. In the past, many people had pensions they could rely on for their post exit lifestyle income.  Today, retirement planning can be much harder.  Private pensions have been replaced by defined contribution plans such as IRA and 401k accounts. 

 

Many college students are finding it increasingly hard to find work in their chosen field after college.  Planning for retirement starts with being able to save. It is difficult to start saving for retirement when one does not have a good paying job. 

In this episode, Kraig Strom interviews Toushanta Hogan.  Toushanta is the founder of Scentsational Soaps. She started the business in 2007. Toushanta graduated from college and went on a relentless campaign to find a position that would utilize her education & business degrees. After unsuccessful attempts of locating the ideal job, she became worried. A close friend brought her a bar of natural soap. Toushonta was so intrigued by the properties of the soap as well as the effect it had on her skin that she decided to make her own. After positive reviews from her test market, Toushonta became thankful that her job search was unsuccessful as she found her purpose-Scentsational Soaps.

 

Direct download: Toushanta.mp3
Category:Personal Finance -- posted at: 7:00am PDT

The financial media marketing machine focussed on accumulation.  Save more!  What's your number?!  Whill you have enough to retire?  Almost every message we hear from Fox Business to Bloomberg tells us that the solution to wealth and long term retirement is to accumulate more money.  While a fat 401k is an imporant part of the retirement puzzle, its not the solution to the best possible lifestyle income in retirement. 

There is sadly little attention paid to the most important first step in any financial journey.  Protection is the most important first item on the welath building and retirement check list.

If your financial house is not fully protected, outside forces and individuals could potentially gain access to your money.  One bad car accident and a civil trial could leave your savings in jeopardy. 

Protection Includes:

Car Insurance

Home Insurance

Umbrella Liability Insurance

Life Insurance

Disability Insurance

Business Insurance

Without proper protection, your financial house is vulnerable.  Build a strong moat of protection.

Direct download: PPR2030_20Protection20First.mp3
Category:Personal Finance -- posted at: 7:00am PDT

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