Personal Pension Radio

Maximum retirement income and a great lifestyle 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.

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.

DISCLOSURE:

Before we begin, we need to take care of a little housekeeping. Announcer clears her throat.

Information presented is for educational purposes only and is not intended for solicitation, sale or purchase of any security or financial product. Investments involves risk and unless otherwise stated are not guaranteed. Be sure to first consult with a qualified financial adviser and your tax professional before implementing any strategy discussed here. The term personal pension refers to a marketing name designed to educate future retirees and retirees about the economic principles behind creating their own self made pension or pension like income, the term personal pension is not intended to be confused with a defined benefit pension plan offered by an employer or by a government entity.

Direct download: PPR_91-_Follow_The_Money_2.mp3
Category:Personal Finance -- posted at: 1:10pm PDT

Maximum retirement income and a great lifestyle 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.

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.

DISCLOSURE:

Before we begin, we need to take care of a little housekeeping. Announcer clears her throat.

Information presented is for educational purposes only and is not intended for solicitation, sale or purchase of any security or financial product. Investments involves risk and unless otherwise stated are not guaranteed. Be sure to first consult with a qualified financial adviser and your tax professional before implementing any strategy discussed here. The term personal pension refers to a marketing name designed to educate future retirees and retirees about the economic principles behind creating their own self made pension or pension like income, the term personal pension is not intended to be confused with a defined benefit pension plan offered by an employer or by a government entity.

Direct download: PPR_90__Investing_in_Cars_for_Retire.mp3
Category:Personal Finance -- posted at: 10:02am PDT

Maximum retirement income and a great lifestyle 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.

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.

DISCLOSURE:

Before we begin, we need to take care of a little housekeeping. Announcer clears her throat.

Information presented is for educational purposes only and is not intended for solicitation, sale or purchase of any security or financial product. Investments involves risk and unless otherwise stated are not guaranteed. Be sure to first consult with a qualified financial adviser and your tax professional before implementing any strategy discussed here. The term personal pension refers to a marketing name designed to educate future retirees and retirees about the economic principles behind creating their own self made pension or pension like income, the term personal pension is not intended to be confused with a defined benefit pension plan offered by an employer or by a government entity.

Direct download: PPR_89__Retirement_Investing_with_Ca.mp3
Category:Personal Finance -- posted at: 7:00am PDT

Maximum retirement income and a great lifestyle 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.

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.

DISCLOSURE:

Before we begin, we need to take care of a little housekeeping. Announcer clears her throat.

Information presented is for educational purposes only and is not intended for solicitation, sale or purchase of any security or financial product. Investments involves risk and unless otherwise stated are not guaranteed. Be sure to first consult with a qualified financial adviser and your tax professional before implementing any strategy discussed here. The term personal pension refers to a marketing name designed to educate future retirees and retirees about the economic principles behind creating their own self made pension or pension like income, the term personal pension is not intended to be confused with a defined benefit pension plan offered by an employer or by a government entity.

Direct download: PPR_88-_Retirement_Income_Path.mp3
Category:Personal Finance -- posted at: 8:05am PDT

Maximum retirement income and a great lifestyle 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.

 

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.

DISCLOSURE:

Before we begin, we need to take care of a little housekeeping. Announcer clears her throat.

Information presented is for educational purposes only and is not intended for solicitation, sale or purchase of any security or financial product. Investments involves risk and unless otherwise stated are not guaranteed. Be sure to first consult with a qualified financial adviser and your tax professional before implementing any strategy discussed here. The term personal pension refers to a marketing name designed to educate future retirees and retirees about the economic principles behind creating their own self made pension or pension like income, the term personal pension is not intended to be confused with a defined benefit pension plan offered by an employer or by a government entity.

Direct download: PPR_87__Mixed_Messages.mp3
Category:Personal Finance -- posted at: 7:20am PDT

Maximum retirement income and a great lifestyle 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.

 

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.

DISCLOSURE:

Before we begin, we need to take care of a little housekeeping. Announcer clears her throat.

Information presented is for educational purposes only and is not intended for solicitation, sale or purchase of any security or financial product. Investments involves risk and unless otherwise stated are not guaranteed. Be sure to first consult with a qualified financial adviser and your tax professional before implementing any strategy discussed here. The term personal pension refers to a marketing name designed to educate future retirees and retirees about the economic principles behind creating their own self made pension or pension like income, the term personal pension is not intended to be confused with a defined benefit pension plan offered by an employer or by a government entity.

Direct download: PPR_86__Retirement_Income_Challenge.mp3
Category:Personal Finance -- posted at: 7:00am PDT

Maximum retirement income and a great lifestyle 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.

 

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.

 

DISCLOSURE:

Before we begin, we need to take care of a little housekeeping. Announcer clears her throat.

Information presented is for educational purposes only and is not intended for solicitation, sale or purchase of any security or financial product. Investments involves risk and unless otherwise stated are not guaranteed. Be sure to first consult with a qualified financial adviser and your tax professional before implementing any strategy discussed here. The term personal pension refers to a marketing name designed to educate future retirees and retirees about the economic principles behind creating their own self made pension or pension like income, the term personal pension is not intended to be confused with a defined benefit pension plan offered by an employer or by a government entity.

Direct download: PPR_85__Retirement_Solutions_That_Wo.mp3
Category:Personal Finance -- posted at: 7:00am PDT

Maximum retirement income and a great lifestyle 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.

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.

DISCLOSURE:

Before we begin, we need to take care of a little housekeeping. Announcer clears her throat.

Information presented is for educational purposes only and is not intended for solicitation, sale or purchase of any security or financial product. Investments involves risk and unless otherwise stated are not guaranteed. Be sure to first consult with a qualified financial adviser and your tax professional before implementing any strategy discussed here. The term personal pension refers to a marketing name designed to educate future retirees and retirees about the economic principles behind creating their own self made pension or pension like income, the term personal pension is not intended to be confused with a defined benefit pension plan offered by an employer or by a government entity.

Direct download: PPR_84__Accumulation_vs_Distribution.mp3
Category:Personal Finance -- posted at: 7:27am PDT

Maximum retirement income and a great lifestyle 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.

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.

 

DISCLOSURE:

Before we begin, we need to take care of a little housekeeping. Announcer clears her throat.

Information presented is for educational purposes only and is not intended for solicitation, sale or purchase of any security or financial product. Investments involves risk and unless otherwise stated are not guaranteed. Be sure to first consult with a qualified financial adviser and your tax professional before implementing any strategy discussed here. The term personal pension refers to a marketing name designed to educate future retirees and retirees about the economic principles behind creating their own self made pension or pension like income, the term personal pension is not intended to be confused with a defined benefit pension plan offered by an employer or by a government entity.

Direct download: PPR_83__CASH_vs_CREDIT.mp3
Category:Personal Finance -- posted at: 9:26am PDT

Maximum retirement income and a great lifestyle 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.

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.

DISCLOSURE:

Before we begin, we need to take care of a little housekeeping. Announcer clears her throat.

Information presented is for educational purposes only and is not intended for solicitation, sale or purchase of any security or financial product. Investments involves risk and unless otherwise stated are not guaranteed. Be sure to first consult with a qualified financial adviser and your tax professional before implementing any strategy discussed here. The term personal pension refers to a marketing name designed to educate future retirees and retirees about the economic principles behind creating their own self made pension or pension like income, the term personal pension is not intended to be confused with a defined benefit pension plan offered by an employer or by a government entity.

Direct download: PPR_82__Retirement_Wake_Up_Call.mp3
Category:Personal Finance -- posted at: 7:50am PDT

Maximum retirement income and a great lifestyle 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.

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.

DISCLOSURE:

Before we begin, we need to take care of a little housekeeping. Announcer clears her throat.

Information presented is for educational purposes only and is not intended for solicitation, sale or purchase of any security or financial product. Investments involves risk and unless otherwise stated are not guaranteed. Be sure to first consult with a qualified financial adviser and your tax professional before implementing any strategy discussed here. The term personal pension refers to a marketing name designed to educate future retirees and retirees about the economic principles behind creating their own self made pension or pension like income, the term personal pension is not intended to be confused with a defined benefit pension plan offered by an employer or by a government entity.

Direct download: PPR_81__Retirement_Sabotage.mp3
Category:Personal Finance -- posted at: 8:16am PDT

Maximum retirement income and a great lifestyle 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.

 What's personal pension Radio - About?

  • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
  • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.

DISCLOSURE:

Before we begin, we need to take care of a little housekeeping. Announcer clears her throat.

Information presented is for educational purposes only and is not intended for solicitation, sale or purchase of any security or financial product. Investments involves risk and unless otherwise stated are not guaranteed. Be sure to first consult with a qualified financial adviser and your tax professional before implementing any strategy discussed here. The term personal pension refers to a marketing name designed to educate future retirees and retirees about the economic principles behind creating their own self made pension or pension like income, the term personal pension is not intended to be confused with a defined benefit pension plan offered by an employer or by a government entity.

Direct download: PPR_80_Depression_Proof_Retirement.mp3
Category:Personal Finance -- posted at: 5:51am PDT

Maximum retirement income and a great lifestyle 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.

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.

DISCLOSURE:

Before we begin, we need to take care of a little housekeeping. Announcer clears her throat.

Information presented is for educational purposes only and is not intended for solicitation, sale or purchase of any security or financial product. Investments involves risk and unless otherwise stated are not guaranteed. Be sure to first consult with a qualified financial adviser and your tax professional before implementing any strategy discussed here. The term personal pension refers to a marketing name designed to educate future retirees and retirees about the economic principles behind creating their own self made pension or pension like income, the term personal pension is not intended to be confused with a defined benefit pension plan offered by an employer or by a government entity.

Direct download: PPR_79_Secret_Sauce.mp3
Category:Personal Finance -- posted at: 7:00am PDT

Lately, I have gotten more and more questions about Reverse mortgage.  Rather than re-record another episode, I decided to share a replay of episode 78 with Pete Tentler.  In this episode, I gave Pete his now famous title, The Financial Locksmith.  He unlocks the equity in your house so that you can enjoy the money without ever losing your house.  

Thanks to the death of private pensions, the devaluation of Social Security benefits and other undeniable retirement factors such as inflation and increased taxes, America is now in a retirement income crisis. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  Kraig's mission is help you build & protect your wealth and lifestyle today and generationally.

Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities by themselves will not help you optimize your retirement income. You must have an integrated approach.

DISCLOSURE:  KRAIG IS THE INCOME ENGINEER BUT HE IS NOT AN ATTORNEY OR A CPA. PLEASE DO NOT CONSIDER THINGS ON THIS SHOW AS ADVICE. PLEASE TALK WITH A QUALIFIED CERTIFIED FINANCIAL PLANNER BEFORE MAKING ANY FINANCIAL DECISIONS.

Keywords

Financial Dependence, Financial Solvency, Financial Stability, Debt Freedom, Financial Security, Financial Independence, Financial Freedom, Financial Abundance, retirement, pension, income, protect, rescue, help, money, savings, Certified Financial Planner (Job Title), Income Tax, Money, Finance (Industry), wealth, tips, Personal Finance,  financial podcast, infinite banking, Self-Directed IRA, Retirement Planning Tips, Retirement Planning, Individual Retirement Account, Investing 101

Direct download: PPR_78__Reverse_Mortgage_Replay_Edited.mp3
Category:Personal Finance -- posted at: 7:14am PDT

Maximum retirement income and a great lifestyle 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.

 

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.

 

DISCLOSURE:

Before we begin, we need to take care of a little housekeeping. Announcer clears her throat.

Information presented is for educational purposes only and is not intended for solicitation, sale or purchase of any security or financial product. Investments involves risk and unless otherwise stated are not guaranteed. Be sure to first consult with a qualified financial adviser and your tax professional before implementing any strategy discussed here. The term personal pension refers to a marketing name designed to educate future retirees and retirees about the economic principles behind creating their own self made pension or pension like income, the term personal pension is not intended to be confused with a defined benefit pension plan offered by an employer or by a government entity.

Direct download: PPR_77_Retirement_Advice_for_Mom.mp3
Category:Personal Finance -- posted at: 7:00am PDT

Maximum retirement income and a great lifestyle 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.

 

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.

DISCLOSURE:

Before we begin, we need to take care of a little housekeeping. Announcer clears her throat.

Information presented is for educational purposes only and is not intended for solicitation, sale or purchase of any security or financial product. Investments involves risk and unless otherwise stated are not guaranteed. Be sure to first consult with a qualified financial adviser and your tax professional before implementing any strategy discussed here. The term personal pension refers to a marketing name designed to educate future retirees and retirees about the economic principles behind creating their own self made pension or pension like income, the term personal pension is not intended to be confused with a defined benefit pension plan offered by an employer or by a government entity.

Direct download: PPR_76_Completing_The_Retirement_Jou.mp3
Category:Personal Finance -- posted at: 7:00am PDT

Maximum retirement income and a great lifestyle 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.

 What's personal pension Radio - About?

  • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
  • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.

DISCLOSURE:  I'M NOT AN ATTORNEY or a CPA - DON'T ACT ON ADVICE THAT YOU HEAR FROM FINANCIAL ENTERTAINERS OR RADIO OR PODCAST.  MEET WITH A QUALIFIED FINANCIAL ADVISOR

Direct download: PPR_75.output.mp3
Category:Personal Finance -- posted at: 6:58am PDT

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • This show is meant to give you hope for retirement.  Turn the light back on at the end of the tunnel!  Stop following conventional wisdom.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.
       
  • DISCLOSURE:  I'M NOT AN ATTORNEY or a CPA - I am a Certified Financial Planner Professional. DON'T ACT ON ADVICE THAT YOU HEAR FROM FINANCIAL ENTERTAINERS OR RADIO OR PODCAST.  MEET WITH A QUALIFIED FINANCIAL ADVISOR
Direct download: 74_PPR_74_-_Bad_Retirement_Advice_Fr.mp3
Category:Personal Finance -- posted at: 6:14am PDT

It seems impossible to me that a financial planner could suggest that some people "MAY" want guaranteed income in retirement.  The same author goes on to say that stable income "MAY" be good for retirees. I have never met a retiree or future retiree that told me they would like to have unpredictable non-guaranteed risky income in retirement. So how can a financial advisor make such ridiculous statements? My guess is that 38 years of marketing education from Wall Street has something to do with it.

Maximum retirement income and a great lifestyle 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.

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.
Direct download: PPR_73_Who_Wouldnt_Want_Guaranteed.mp3
Category:Personal Finance -- posted at: 6:05am PDT

Maximum retirement income and a great lifestyle 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.

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.
Direct download: PPR_72_Ken_Fisher_Loves_Annuities.mp3
Category:Personal Finance -- posted at: 7:00am PDT

Maximum retirement income and a great lifestyle 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.

 What's personal pension Radio - About?

  • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
  • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.

 

Direct download: PPR_71_-_Obvious_Retirement_Advice_A.mp3
Category:Personal Finance -- posted at: 8:32am PDT

Maximum retirement income and a great lifestyle 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.

 

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.

DISCLOSURE:

Before we begin, we need to take care of a little housekeeping. Announcer clears her throat.

Information presented is for educational purposes only and is not intended for solicitation, sale or purchase of any security or financial product. Investments involves risk and unless otherwise stated are not guaranteed. Be sure to first consult with a qualified financial adviser and your tax professional before implementing any strategy discussed here. The term personal pension refers to a marketing name designed to educate future retirees and retirees about the economic principles behind creating their own self made pension or pension like income, the term personal pension is not intended to be confused with a defined benefit pension plan offered by an employer or by a government entity.

Direct download: PPR_70.output.mp3
Category:Personal Finance -- posted at: 7:00am PDT

Maximum retirement income and a great lifestyle 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.

 

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.

 

DISCLOSURE:

Before we begin, we need to take care of a little housekeeping. Announcer clears her throat.

Information presented is for educational purposes only and is not intended for solicitation, sale or purchase of any security or financial product. Investments involves risk and unless otherwise stated are not guaranteed. Be sure to first consult with a qualified financial adviser and your tax professional before implementing any strategy discussed here. The term personal pension refers to a marketing name designed to educate future retirees and retirees about the economic principles behind creating their own self made pension or pension like income, the term personal pension is not intended to be confused with a defined benefit pension plan offered by an employer or by a government entity.

Direct download: PPR_69_-_401k_Fiduciary_Risk.mp3
Category:Personal Finance -- posted at: 7:00am PDT

 

Maximum retirement income and a great lifestyle 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.

    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • This show is meant to give you hope for retirement.  Turn the light back on at the end of the tunnel!  Stop following conventional wisdom.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.
       
  • DISCLOSURE:  I'M NOT AN ATTORNEY or a CPA - DON'T ACT ON ADVICE THAT YOU HEAR FROM FINANCIAL ENTERTAINERS OR RADIO OR PODCAST.  MEET WITH A QUALIFIED FINANCIAL ADVISOR
Direct download: PPR_68_Never_Too_Early.mp3
Category:Personal Finance -- posted at: 6:40am PDT

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • This show is meant to give you hope for retirement.  Turn the light back on at the end of the tunnel!  Stop following conventional wisdom.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.
       
  • DISCLOSURE:  I'M NOT AN ATTORNEY or a CPA - DON'T ACT ON ADVICE THAT YOU HEAR FROM FINANCIAL ENTERTAINERS OR RADIO OR PODCAST.  MEET WITH A QUALIFIED FINANCIAL ADVISOR
Direct download: PPR_67_Money_Does_Not_Fix_The_Proble.mp3
Category:Personal Finance -- posted at: 6:59am PDT

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.
       
  • DISCLOSURE:  I'M NOT AN ATTORNEY or a CPA - DON'T ACT ON ADVICE THAT YOU HEAR FROM FINANCIAL ENTERTAINERS OR RADIO OR PODCAST.  MEET WITH A QUALIFIED FINANCIAL ADVISOR
Direct download: PPR_66_Overlooking_A_Key_Part_of_Ret.mp3
Category:Personal Finance -- posted at: 7:00am PDT

Maximum retirement income and a great lifestyle 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.

What's personal pension Radio - About?

    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.
       
  • DISCLOSURE:  I'M NOT AN ATTORNEY or a CPA - DON'T ACT ON ADVICE THAT YOU HEAR FROM FINANCIAL ENTERTAINERS OR RADIO OR PODCAST.  MEET WITH A QUALIFIED FINANCIAL ADVISOR
Direct download: PPR_65_Light_at_the_End.mp3
Category:Personal Finance -- posted at: 7:23am PDT

  • Kraig- What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.
       
  • DISCLOSURE:  I'M NOT AN ATTORNEY or a CPA - DON'T ACT ON ADVICE THAT YOU HEAR FROM FINANCIAL ENTERTAINERS OR RADIO OR PODCAST.  MEET WITH A QUALIFIED FINANCIAL ADVISOR
Direct download: PPR_64_Rules_of_Engagement.mp3
Category:Personal Finance -- posted at: 7:00am PDT

Maximum retirement income and a great lifestyle 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.

  • Kraig- What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.       Mutual funds, life insurance, real estate, or annuities? None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey. I want to help you build & protect your wealth and lifestyle today and generationally. 

      DISCLOSURE:

Before we begin, we need to take care of a little housekeeping. Announcer clears her throat.

Information presented is for educational purposes only and is not intended for solicitation, sale or purchase of any security or financial product. Investments involves risk and unless otherwise stated are not guaranteed. Be sure to first consult with a qualified financial adviser and your tax professional before implementing any strategy discussed here. The term personal pension refers to a marketing name designed to educate future retirees and retirees about the economic principles behind creating their own self made pension or pension like income, the term personal pension is not intended to be confused with a defined benefit pension plan offered by an employer or by a government entity.

Direct download: PPR_63_Online_Calculators_Dangerous.mp3
Category:Personal Finance -- posted at: 7:00am PDT

Maximum retirement income and a great lifestyle 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.

  • Kraig- What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.       Mutual funds, life insurance, real estate, or annuities? None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey. I want to help you build & protect your wealth and lifestyle today and generationally.
       
  • DISCLOSURE: I'M NOT AN ATTORNEY or a CPA - DON'T ACT ON ADVICE THAT YOU HEAR FROM FINANCIAL ENTERTAINERS OR RADIO OR PODCAST. MEET WITH A QUALIFIED FINANCIAL ADVISOR
Direct download: PPR_62.output.mp3
Category:Personal Finance -- posted at: 7:00am PDT

What's personal pension Radio About?

○ Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.

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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.

  • Episode Hi-Lites:
    • Department of Labor Fiduciary Rules put on hold
    • Department of Labor to the rescue - study commissioned to figure out what people are thinking about retirement
    • What is a defined benefit pension plan?
    • Do Retirement Plans have tax advantages?
    • Should you roll over an old IRA to an annuity now?
    • Should you buy term insurance or whole life insurance?

DISCLOSURE: I'M NOT AN ATTORNEY or a CPA - DON'T ACT ON ADVICE THAT YOU HEAR FROM FINANCIAL ENTERTAINERS OR RADIO OR PODCAST. MEET WITH A QUALIFIED FINANCIAL ADVISOR

Direct download: PPR_61.mp3
Category:Personal Finance -- posted at: 7:31am PDT

In this episode, Kraig answers listener questions and give a big tax tip. 

Questions answered:

  • Why haven't I ever heard of this retirement income stuff before?
  • How do I know when I can retire?
  • I'm 45 with a wife & 2 children and a mortgage. Should I buy Long Term Care insurance?
  • I took a class at church and they say I should pay cash for everything instead of using credit cards.  Is that a good ideas.

Maximum retirement income and a great lifestyle 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.

 Kraig- What's personal pension Radio - About?

    • Optimizing Retirement income does not happen with a product.       Mutual funds, life insurance, real estate, or annuities? None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey. I want to help you build & protect your wealth and lifestyle today and generationally.
       
  • DISCLOSURE: I'M NOT AN ATTORNEY or a CPA - DON'T ACT ON ADVICE THAT YOU HEAR FROM FINANCIAL ENTERTAINERS OR RADIO OR PODCAST. MEET WITH A QUALIFIED FINANCIAL ADVISOR

Start your retirement income planning search at www.personalpensionradio.com

Direct download: PPR_60__Tax_Tips__Listener_Question.mp3
Category:Personal Finance -- posted at: 7:00am PDT

The financial business has been rewarding, challenging, and frustrating.  Lately, frustration has been my word of the day.  It feels like a Kraig vs Goliath story.  The Wall Street marketing machine has done a masterful job of crafting a message that has become the mainstream belief.  People stand in line for the retirement advice they see on TV, magazines, and the internet without knowing where the line takes them. 

 

Maximum retirement income and a great lifestyle 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.  In this episode, I discuss some of the most common products sold as the answer to retirement. 

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.       Mutual funds, life insurance, real estate, or annuities? None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey. I want to help you build & protect your wealth and lifestyle today and generationally.
Direct download: PPR_59.output.mp3
Category:Personal Finance -- posted at: 9:43pm PDT

On the day after you retire, which will matter most to you, the size of your 401k account or the income that it can provide without running out?  Most people say its the income they worry about.  Then why is there so little education about retirement income draw rates?  Maybe its because the financial community does not have a financial incentive to teach people how to take their money out of their 401ik?  That's just my opinion, of course.  The bottom line is that your income draw rate in retirement is the most important thing to ask.  Without a good draw rate, how can you sustain your desired lifestyle?

Kraig- What's personal pension Radio - About?

    • Optimizing Retirement income does not happen with a product.       Mutual funds, life insurance, real estate, or annuities? None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey. I want to help you build & protect your wealth and lifestyle today and generationally.
       
  • DISCLOSURE: I'M NOT AN ATTORNEY or a CPA - DON'T ACT ON ADVICE THAT YOU HEAR FROM FINANCIAL ENTERTAINERS OR RADIO OR PODCAST. MEET WITH A QUALIFIED FINANCIAL ADVISOR
Direct download: PPR_57-_Draw_Rate__Success_Stories.mp3
Category:Personal Finance -- posted at: 7:00am PDT

In this episode, I change my mind about Dave Ramsey and add my own "Steps to Retirement" list to the fray. 

Maximum retirement income and a great lifestyle 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.

  • Kraig- What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.       Mutual funds, life insurance, real estate, or annuities? None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey. I want to help you build & protect your wealth and lifestyle today and generationally.
       
  • DISCLOSURE: I'M NOT AN ATTORNEY or a CPA - DON'T ACT ON ADVICE THAT YOU HEAR FROM FINANCIAL ENTERTAINERS OR RADIO OR PODCAST. MEET WITH A QUALIFIED FINANCIAL ADVISOR
Direct download: 56_PPR_56__5_Steps_to_Retire.mp3
Category:Personal Finance -- posted at: 7:00am PDT

TEXT ADDED TO PPR 55 TO TEST THE FEED TO ITUNES & YOUTUBE

Among other things, Conventional Wisdom about retirement planning says that the answer to achieving your retirement dreams is to save more money, diversify your investments, and manage your lifestyle.  Saving more money is NOT the answer to more retirement income.  How you save is more important than how much you save.

Do you know what Sequence risk is?  Draw rate? The 4% Rule?  If your answer is no, then you are not on track for your maximum income in retirement.

Maximum retirement income and a great lifestyle 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.

 Kraig- What's personal pension Radio - About?

    • Optimizing Retirement income does not happen with a product.       Mutual funds, life insurance, real estate, or annuities? None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey. I want to help you build & protect your wealth and lifestyle today and generationally.
       
  • DISCLOSURE: I'M NOT AN ATTORNEY or a CPA - DON'T ACT ON ADVICE THAT YOU HEAR FROM FINANCIAL ENTERTAINERS OR RADIO OR PODCAST. MEET WITH A QUALIFIED FINANCIAL ADVISOR
Direct download: Kraig_4_rule_Conventional_Wisdom.mp3
Category:Personal Finance -- posted at: 7:02am PDT

In this episode, I interview Doctor Andrew Lawson.  Doctor Lawson is an emergency room MD and Executive Coach. Coach Drew shares some amazing and helpful insights into what prevents us from reaching achieving the success we are capable of.

Benefits of Working with an Executive Coach

Bottom-Line Results: Studies on coaching report an ROI of 5 to 7 times the initial investment.1 One reason this may be so high is that coaching can be customized to address individual needs, with week-to-week support and opportunities to integrate learning into real life work experiences. This is in contrast to training programs where the learning is forgotten in three months if it is not supported.

Maximum retirement income and a great lifestyle 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.

  • Kraig- What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities?  None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  I want to help you build & protect your wealth and lifestyle today and generationally.
       
  • DISCLOSURE:  I'M NOT AN ATTORNEY or a CPA - DON'T ACT ON ADVICE THAT YOU HEAR FROM FINANCIAL ENTERTAINERS OR RADIO OR PODCAST.  MEET WITH A QUALIFIED FINANCIAL ADVISOR
Direct download: Drew_Lawson.mp3
Category:Personal Finance -- posted at: 10:24am PDT

In this episode, I answer some great listener questions.  Conventional financial wisdom says EVERYONE SHOULD HAVE A BUDGET. That sounds good but making and keeping a budget is time consuming and is not for everyone.  So what if you are like me and you are not a budget person?  There is a way that you can keep close tabs on your money and cash flow.

Also in this episode, I tackle the topic of our kids sucking the life out of our retirement.  Sounds harsh but paying for a wedding can cut hundreds of thousands of dollars out of your retirement income stream.  My own daughter is 18 so my answer is probably influenced by my own looming "wedding talk".  I still think the best on this topic was to set  good example for your kids by being fiscally responsible with your own money first.  Teach them

Maximum retirement income and a great lifestyle 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.

 

  • Kraig- What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.       Mutual funds, life insurance, real estate, or annuities? None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey. I want to help you build & protect your wealth and lifestyle today and generationally.
       

DISCLOSURE:

Before we begin, we need to take care of a little housekeeping. Announcer clears her throat.

Information presented is for educational purposes only and is not intended for solicitation, sale or purchase of any security or financial product. Investments involves risk and unless otherwise stated are not guaranteed. Be sure to first consult with a qualified financial adviser and your tax professional before implementing any strategy discussed here. The term personal pension refers to a marketing name designed to educate future retirees and retirees about the economic principles behind creating their own self made pension or pension like income, the term personal pension is not intended to be confused with a defined benefit pension plan offered by an employer or by a government entity.

Direct download: PPR_53__Budgets__Weddings.mp3
Category:Personal Finance -- posted at: 7:00am PDT

In this episode, I address the question of paying off my house early and I cover one of my new years resolutions - getting my living trust updated.

Maximum retirement income and a great lifestyle 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.

 Kraig- What's personal pension Radio - About?

    • Optimizing Retirement income does not happen with a product.       Mutual funds, life insurance, real estate, or annuities? None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey. I want to help you build & protect your wealth and lifestyle today and generationally.

DISCLOSURE:

Before we begin, we need to take care of a little housekeeping. Announcer clears her throat. Information presented is for educational purposes only and is not intended for solicitation, sale or purchase of any security or financial product. Investments involves risk and unless otherwise stated are not guaranteed. Be sure to first consult with a qualified financial adviser and your tax professional before implementing any strategy discussed here. The term personal pension refers to a marketing name designed to educate future retirees and retirees about the economic principles behind creating their own self made pension or pension like income, the term personal pension is not intended to be confused with a defined benefit pension plan offered by an employer or by a government entity.

 

 

Direct download: Kraig_-_Trust_or_Not.output.mp3
Category:Personal Finance -- posted at: 6:36am PDT

Maximum retirement income and a great lifestyle 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.

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.       Mutual funds, life insurance, real estate, or annuities? None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey. I want to help you build & protect your wealth and lifestyle today and generationally.

In this episode, Kraig reviews a recent tax law change that could help parents paying for a student in college.  He also responds to some recent hype in the financial blogosphere about the department of labor push for fiduciary standards and what that could mean for financial entertainers like Dave Ramsey and Suze Orman. Could the DOL silence Dave Ramsey?

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

PPR turns 50!  Yipee.  OK, that's enough celebrating.  Down to business.

  • What's personal pension Radio - About?
    • Optimizing Retirement income does not happen with a product.       Mutual funds, life insurance, real estate, or annuities? None of these by themselves will help you optimize your retirement income. You must have an integrated approach.
    • 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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey. I want to help you build & protect your wealth and lifestyle today and generationally.
       
  • DISCLOSURE: I'M NOT AN ATTORNEY or a CPA - DON'T ACT ON ADVICE THAT YOU HEAR FROM FINANCIAL ENTERTAINERS OR RADIO OR PODCAST. MEET WITH A QUALIFIED FINANCIAL ADVISOR

Maximum retirement income and a great lifestyle 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.

 

Matthew Wesley joins Kraig today to talk about family legacies and generational wealth.  Many people I talk to about passing on family wealth say "I'm not wealthy so that does not pertain to me". STOP thinking that way.  The wealthy don't have some secret corner on the legacy market.  The difference is that they talk about and have blended the legacy conversation into their family dynamic. 

 

Family wealth is more than just money.  The cumulative knowledge passed on through generations can give rise to tremendous wealth in future generations.  Don't ignore the importance of the legacy conversation at your dinner table. 

 

 

Direct download: Matt_Wesley.mp3
Category:Personal Finance -- posted at: 9:22am PDT

Every now and then, I can't help myself and I have to rant a little.  In this episode, I offer caution to readers of so called financial experts online.  The website I referenced this week is Betterment.com.  The site is filled with efficient and common sense accumulation advice; however, when it comes to income planning, they surprised me by delivering some of the lamest advice I have heard in a while.

 

I also share my strong feelings about a couple of recent conversations with clients who were taking financial advice from the wrong people.  My favorite was the advice received from the CPA who got his opinion from investment advisors.  You would never take tax advice from a plumber, ask a doctor for legal advice, or call an attorney for electrical problems.  But it makes sense to some people to get financial advice from a lawyer who got their advice from someone else. UHG. 

 

Maximum retirement income and a great lifestyle 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_49_-_Rantings_of_a_CFP.mp3
Category:Personal Finance -- posted at: 7:00am PDT

Jeff Smith joins Kraig to share his experience with economics based financial planning.  For years, there has been two competing philosophies when it comes to financial planning.  Where should consumers place their trust?  I agree with Jeff.  Both approaches are wrong when considered separately. 

Optimizing Retirement income does not happen with a product. Mutual funds, life insurance, real estate, or annuities? None of these by themselves will help you optimize your retirement income. You must have an integrated approach.

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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey. I want to help you build & protect your wealth and lifestyle today and generationally.

Maximum retirement income and a great lifestyle 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: Jeff_Smith_-_Probability_vs_Safety.mp3
Category:Personal Finance -- posted at: 7:00am PDT

In this episode, Kraig answers listener questions about real estate investing and addresses his informal title of "Cheapskate"!

 

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.

Optimizing Retirement income does not happen with a product. Mutual funds, life insurance, real estate, or annuities? None of these by themselves will help you optimize your retirement income. You must have an integrated approach.

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. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey. I want to help you build & protect your wealth and lifestyle today and generationally.

Direct download: PPR_47_-_Cheapskates_Always_Win.mp3
Category:Personal Finance -- posted at: 12:51pm PDT

Over the 17 plus years that I have built my financial practice, I have lost track of how many times I’ve heard differing opinions on what kind of financial professional I should be. Should I be a commission based advisor or a fee based advisor? Although I have long since addressed this question in my own practice, it is still a topic of contention in the highly competitive financial services industry. The subject is further complicated by financial entertainers who dole out alleged financial wisdom without so much as a 10 minute consultation.

So what’s the difference between a fee only advisor and a commission based advisor and why would you want to work with one or the other? The most common answers invariably include the word bias, objectivity, and impartial. I hear people say things like “a fee only planner can be impartial” or a “commission based advisor is biased in favor of products that offer the biggest payday”. So which point of view is right? As with most things in the financial world, the complete answer cannot be delivered in a 30 second sound bite. Personal biases should not be overlooked so, with that in mind, let’s examine the biases which exist in both practice profiles.

Before I get too far along, it’s important to understand that we all have a bias of some kind or another and financial professionals are no different.

Everyone has a bias of one kind or another. Financial professionals, whether commission or fee based, are no different. That begs the question, how do you know which is the right one to work with? When searching for a financial professional to work with, I suggest that you look for one bias in particular.

Find the advisor who is biased in favor of you, their customer. Make sure that your financial advisor’s core objectives put your needs first.

Maximum retirement income and a great lifestyle 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_46_To_Fee_or_Not.mp3
Category:Personal Finance -- posted at: 7:00am PDT

Toni Y. Long is the Managing Partner and Founder of The Long Law Group, PC, a boutique law firm specializing in Corporate and Entertainment transactional work.

Her Corporate practice focuses on corporate governance, maintenance and formation, real estate, asset/stock purchases and sales, securities, and other corporate issues, as well as serving as general corporate counsel. Since founding the firm, Toni has collaborated with other attorneys and counseled clients on complex M&A and financing transactions totaling more than $400 million.

She advises a broad range of business clients, from sole proprietors to emerging businesses to not-for-profit institutions to small, middle-market companies (revenues of up to $50 million), in a variety of industries, including film, television, music, gaming, new media, eCommerce, commercial and investment banking, insurance, oil and gas, aerospace, retail, manufacturing, agriculture, transportation, consumer products, restaurants, health care, software and technology, fashion, marketing, and public relations.

Her Entertainment & Sports practice focuses on production, talent representation, motion picture, television and new media development, distribution and licensing, and other entertainment issues. Toni provides legal advice to writers, directors, producers and production companies, offering legal representation at all stages of production. She has served as production counsel for numerous independent film projects.

Prior to founding the firm, Toni was a corporate attorney who worked on a variety of business and M&A transactions totaling over $400 million. She developed substantial experience drafting and negotiating a variety of business contracts, such as purchase and sale, employment, shareholder, option, licensing, non-disclosure/confidentiality, real estate purchase, and operating agreements.

Toni served as the Director of Business and Legal Affairs for an international film distribution company where she oversaw the acquisition and distribution of over 25 films. She also spent three years as a litigation associate at Morgan, Lewis & Bockius and Zevnik Horton, experience which gives her the ability to spot critical issues that could threaten the viability of business transactions or disadvantage a client if the partnership encounters obstacles.

Toni continues to be a mentor to students and recent graduates at UCLA School of Law.

Maximum retirement income and a great lifestyle 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: PPR204520-20Toni20Long.mp3
Category:Personal Finance -- posted at: 7:00am PDT

Globalization has shrunk the world  In the past, economic turmoil in far off lands would take months or even years to reach the US.  Our financial interdependence is absolutely amazing. You may think what goes on in Greece or China doesn’t have, or shouldn’t have much impact on the U.S. or U.S. markets. But it has the potential to cause a lot of mischief.

Today, the ripple effect of poor economic news comes to us via the internet and 24 hour news.  The 800 pound economic gorilla in the mix is China.  Main Street China is directly connected to Main USA. 

China is much more significant and far more dangerous in terms of the warning signs.

China’s debt has quadrupled in eight years. And we have two bubbles that exist as a result of that tremendous increasing amount of debt. One is actually in the Chinese stock market. And of course, that’s been in the news, that the Chinese stock markets have taken a real tumble. Stocks have fallen over 30% and have done that in less than a month. There’s been a little bit of rebound. China has actually intervened in the stock markets to try and prop them up.

This is a serious mistake by the way, in terms of policy, for a couple of reasons. One is they have no real history of knowing how to manage this kind of situation. Two, historically the Chinese market has always been wild and woolly. Until China opened up, the only “China” stock market was the Hong Kong Stock Exchange. By our standards was wild and woolly, essentially unregulated. Today the Hong Kong Stock Market Exchange is very tame and conservative, for the most part; now, it’s the Mainland China stock markets that look wild and woolly.

For the first time we have something that modern China has never confronted before and [China] is trying to solve it with government intervention of a type that it has never attempted before. That’s not a good formula.

Direct download: John20Tulac20International.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.

Actuarial Consultants, Inc. is a retirement plan consulting and plan administration firm.
Founded in Torrance, California in 1983, we strategically design and administer your company’s retirement plan, saving you time and money. We help you meet critical dates and deadlines while keeping you protected in the event of an IRS audit or DOL investigation. With thoughtful planning and the right team, your plan will help you and your employees earn a well-deserved retirement.

  • 401(k) Plans
  • 403(b) and 457(b) Plans
  • Profit Sharing Plans
  • Traditional Defined Benefit Plans
  • Cash Balance Plans
  • Money Purchase Pension Plans
  • Combination Plans

 

 

Direct download: Justin_Bonestroo_401k.mp3
Category:Personal Finance -- posted at: 7:00am PDT

If you are the victim of an auto accident, premises liability accident, assault or animal attack your life may not be what it was prior to the accident. The injuries you suffer may exert serious, life changing and in some cases life threatening injuries. You would want the best legal representation you could get. You would want your family to be made financially whole again.

But what if you were at if you were the person at fault?  What if a great personal injury attorney was coming after you?  Would your assets and your income be protected?

Attorney Michael Jeandron specializes in the representation of anyone that has suffered an injury that wasn’t their fault. Whether it is through the negligence of other people or corporations, we aim to ensure that you receive the compensation that you deserve for your injuries. We also understand that a serious injury can have devastating long term effects on the victim and their loved ones.

Michael gives us his perspective on the importance of proper protection in a family financial plan. 

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_42_-_Michael_Jeandron.mp3
Category:Personal Finance -- posted at: 7:00am PDT

Efficiency is often overlooked in the Retirement Income Planning conversation.  All the attention is focused on saving more money.  Saving is a very important part of the equation; however, we don't get to invest for free.  There are eroding factors inherent in most investments.  These seemingly small and unimportant fees can cost tens and even hundreds of thousands of dollars of lost wealth and future income over over time. 

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: Efficiency_First.mp3
Category:Personal Finance -- posted at: 7:00am PDT

In this episode, Kraig answers a listener question.  Once you have implemented a balanced retirement savings strategy, what's next?  Before discussing the next step, its important to review the first two steps in the process of building a strong financial house. 

Start with protection first, followed by a strong foundation of easily accessible cash on hand.  Only then should you start a long term retirement savings and investment process. 

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: 4020PPR2040_20Castle20Building20101.mp3
Category:Personal Finance -- posted at: 7:00am PDT

In this episode, Kraig shares a story about a recent conversation with a college graduate.  After four years in college, this young lady was out in the world looking for work.  When she found out that Kraig was a certified financial planner, she asked "how do I save for retirement"?  Kraig asked "who said you should start saving for retirement"?  She said that the financial website she had looked at encouraged her to start saving and investing.

Kraig encouraged her to ignore the main stream financial advice and start with protection first, then savings for liquidity, and then think about investing.

Kraig also shares his thoughts on family estate planning and the importance of good communication.

Direct download: Conventional_Wisdom_Level.mp3
Category:Personal Finance -- posted at: 5:03am 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.

In light of the continued market turbulence, we asked several strategists on our platform to share perspectives on the market environment and how it affects their outlook and portfolio positioning.

AssetMark is a leading independent provider of innovative investment and consulting solutions serving financial advisors. We provide investment, relationship and practice management solutions that advisors use to help clients achieve their investment objectives and life goals.

Our relentless service ethic and robust client relationship support set us apart. Our offering is flexible to suit each advisor's vision for working with clients and growing their practice.

AssetMark, Inc. and its affiliate Aris Wealth Services have approximately $25 billion in combined assets on their respective platforms and a history of innovation spanning over 20 years.

AssetMark's investment choices prepare clients to guide clients through market ups and downs. Diversification is the key. You can provide it by using portfolio recommendations from our hand-picked strategists or pre-configured solutions aligned to client goals.

 

Direct download: PPR203820AssetMark.mp3
Category:Personal Finance -- posted at: 7:00am PDT

The investment advisory community has an inherent conflict of interest when it comes to retirement income planning.  Investment advisors are compensated based on the assets they manage.  This works well during the accumulation phase of the retirement journey.  The client needs the retirement assets to grow. The investment advisor benefits from a the growth of the retirement assets. 

Conflict occurs when the client needs to begin distributions from their retirement income assets.  Now the advisor is in a difficult spot.  The client desires maximum income which is not always possible from investment assets alone.  This means that account values may be depleted. This can lead to a loss of revenue for the advisor. 

Minimum 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: PPR203720-20To20Tell20The20Truth.mp3
Category:Personal Finance -- posted at: 7:00am PDT

In this episode, Kraig covers several important topics including one that everyone should hear, especially senior citizens. 
Covered in this episode:

  • Fear tactics used to sell gold investments to retirees.
  • Charity scams targeting retirees
  • Almost good advice - Buy Hold Sell is an accumulation strategy but is not the answer to a secure retirement
  • Kraig shares his personal connection with one of his clients who recently passed away.  Its sad to lose a client but its rewarding to know that their legacy will be better as a result of good planning.
Direct download: Kraig_Case_Study.mp3
Category:Personal Finance -- posted at: 7:00am PDT

Ed Fixen, founder of Business Quest Brokers, joins Kraig on the Personal Pension Radio show to discuss the importance of building your personal and business brand as if it were for sale.  Ed encourages listeners to start preparing for sale on day one.  Getting maximum value for your personal work or your business takes planning.

Whether you are a sole proprietor or running a larger corporate operation, you must build your business as if it will be sold someday.  Even employees can benefit from making themselves more salable.  Developing the talent and acquiring the knowledge necessary to be a key member of your organization can lead to higher pay and better positions.  As a business owner, talented employees, great systems, and resources can lead to a higher selling price in the future.

 

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: Ed20Fixen20-20Building20Value.mp3
Category:Personal Finance -- posted at: 7:00am PDT

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

Welcome to the Personal Pension Radio Podcast, where it's all about preparing today so that you can sit back and reap the retirement lifestyle benefits later! Discover time tested strategies to help lower your taxes, cut your expenses, and focus on maximizing your lifestyle today without sacrificing your retirement lifestyle or legacy tomorrow.

Join us as we help you avoid the advice offered by unlicensed financial entertainers and the Wall Street marketing machine. We uncover financial strategies that empower you to break away from the herd. Success does not come from a product or a singular strategy. Savings, investing, tax strategies, estate preparation, insurance, goal-setting, income strategies, and lifestyle design must all be considered from a macro perspective.

Wealth accumulation is an important component of a financial plan; however, the size of your 401k account, stock portfolio or defined benefit plan, the balance of your accounts can overshadow what is most important - the income they can provide. As you prepare for the sale of your business or retirement, the question you should be asking is, "what will my income be and will I be able to preserve my lifestyle"? You can retire or sell your business with your lifestyle intact. Don't settle for inaccurate and incomplete information from Financial Entertainers. There is a better way!

One of the greatest ways to build wealth is to start your own business. This can be a scary proposition for some and an exciting adventure for others.  Debbie Blackford started her entrepreneurial journey 18 years ago when she decided to go from being a Mary Kay cosmetics customer to becoming an Independent Sales Director with the company. 

 

 

 

Direct download: Debbie20Blackford20Level.mp3
Category:Personal Finance -- posted at: 7:00am PDT

Wealth accumulation is an important component of a financial plan; however, the size of your 401k account, stock portfolio or defined benefit plan, the balance of your accounts can overshadow what is most important - The income they can provide. As you prepare for the sale of your business or retirement, the question you should be asking is, "what will my income be and will I be able to preserve my lifestyle? "You can retire or sell your business with your lifestyle intact. Don't settle for inaccurate and incomplete information from Financial Entertainers. There is a better way!

In this episode, we discuss the conspiracy theory that says the government is coming after our retirement accounts.  Backers of this idea suggest that when President Obama introduced the MyRA plan in his state of the union address in 2014, he was setting the stage for the complete nationalization of the retirement system.

Is is possible that the US government could seek to take over the trillions of dollars in the retirement system someday?  Maybe but not likely.  Rather than see this as a conspiracy, we see it as a good sign.  The first step to fixing a problem is admiting that one has a problem.  We have a retirement income crisis in America and the MyRA is a good first step in admiting there is a disasterous retirement income problem.

Like the common advice offered by Wall Street and contemporary financial advisors, the President's plan falls short.  President Obama's plan fails to address the retirement income problem.  His plan calls for more savings with no mention of how people will turn those savings into lifestyle cash flow. 

Direct download: Marc__Kraig_Proposed_401k_Changes.mp3
Category:Personal Finance -- posted at: 7:00am PDT

Marc Miller and Kraig Strom review an actual client case study.  Kraig's clients originally thought that retirement was out of reach.  They had researched retirement income options with a financial advisor and on multiple websites.  They were extremely disappointed with the post retirement income they were told to expect. 

After going through the retirement income analysis process, they now have hope for a brighter retirement future.  Now they are looking forward to a lifestyle that they had given up on.

Direct download: Marc202620Kraig20Case20Study.mp3
Category:Personal Finance -- posted at: 9:14pm PDT

Michael Canet, Host of the Savvy Investor TV show and the CEO of Prostatis Financial Group Joins Kraig to talk about how he helps clients create and grow wealth, protect and preserve it, and distribute it the most tax efficient manner while alive and after you have passed.

As founding member of Prostatis Group, LLC, Michael has built his business and reputation on the stability he provides for his clients. His retirement and estate planning carefully allocates their assets so that they can retire with the confidence, income and tax-deferred wealth protection they need to create the quality of life they deserve.

Michael is the author of Surviving the Perfect Storm - enter to win a free copy today.

We focus more on the income creation during retirement - along with estate and tax planning. Chico & The Man. "That's not my Job"  - Prostatis says "That is my Job.

Beneficiary designation mistake?  Lisa recently passed at young age. She had a TSP. We warned her to get out of there but did not get round to it. Struck with breast cancer. Sadly, we ended up doing death bead planning. 

The advisor that got you to retirement probably isn't the advisor to get you through retirement.

Income Planning Lessons

Establish reasonable income expectations

Take the least amount of risk necessary to accomplish your income goals

Diversification - is not how much you make, its how much you keep

What is sequence of returns and why does it matter during retirement?

Market drops + your income = massive losses!

The proper balance of investments and actuarial assets such as annuities. 

 

Direct download: Mike20Canet20Level.mp3
Category:Personal Finance -- posted at: 7:00am PDT

ITR Economics has called it right for our clients since 1948.

Seeing the future first. If you could predict tomorrow’s economy today, you would have a tremendous edge  in the marketplace. That’s the advantage ITR Economics has been offering our clients for more than 60 year's—we offer an informed, meticulously researched look at the future, with a 94.7% forecast accuracy rate/plus specific, actionable strategies for capitalizing on cyclical opportunities and dodging economic danger.

The power of a deep institutional memory. You want to work with an economic forecasting company that has a long view of historical trends and that can draw on a powerful institutional memory to give you a balanced, contextual look into your company’s future. No other trend forecasting company in the U.S. has our perspective or can draw on a history of unparalleled analysis like we can.

ITR’s roots date back to the 1930s. ITR was started by Harvard graduate, Chapin Hoskins in the mid-1930s. Chapin looked at the wreckage of the Great Depression and said ”Never again.” For a decade he perfected his techniques in economic research, analysis, and application, and in 1948 he incorporated the Institute for Trend Research. Today ITR Economics is the oldest, privately-held, continuously operating economic research and forecasting firm in the United States.

ITR is the leader in applying business cycle research to formulate practical business decisions. Business leaders, industry organizations, financial advisers, and banking institutions around the world rely on ITR Economics forecasting to identify key economic trends, to pinpoint when changes will occur, and to determine what actions to take to position themselves for future growth. When businesses follow our guidelines, they can mobilize 12 months in advance. This gives them ample time to avert cyclical downturns or to build on rising industry trends.

Direct download: 2520PPR2025_20Brian20Beaulieu.mp3
Category:Personal Finance -- posted at: 7:00am PDT

Doctor Wade Pfau returns to the podcast to discuss his recently released research paper. 

Research Paper Abstract:
There remains a rift in the financial services profession about the best approach for building a retirement income plan. Some advisors prefer to pursue the risk/reward possibilities of an equity portfolio and others prefer the contractual guarantees of insurance products. However, for retirement income, one must step away from the notion that either investments or insurance alone will best serve retirees. The risks to and concerns of retirees are many and diverse. Will a retired couple be able to maintain a lifestyle to which they are accustomed? How long will they live, and will they have sufficient income until the death of the survivor? Will they have sufficient liquidity for unexpected contingencies, and will they be able to leave a legacy for subsequent generations?

Investment volatility, inflation, unforeseen spending needs andcognitive decline are risks that a retirement plan must take into account. This article addresses the above considerations in comparing three retirement plan scenarios: (1) investments and term life insurance; (2) investments, joint and 100% survivor annuity and term life insurance; and, (3) investments, single life annuity and whole life insurance. The results demonstrate that a higher income level and greater legacy are potentially
achieved when investments, single life annuities and whole life insurance are combined than when applying investment-only solutions.

“For retirement income, we must step away from the notion that either investments or insurance alone will best serve retirees. More emphasis is needed on the basic forms of insurance products, and how they may behave as part of an integrated retirement income plan.” – Wade D. Pfau, Ph.D. CFA,

 

Direct download: Pfau202.mp3
Category:Personal Finance -- posted at: 7:00am PDT

We are often so busy building our business and saving for retirement - we forget to close the garage door!  We forget to do the simple things that protect our assets and our income.  In this episode, we dive into some of the areas of protection that are often overlooked by people planning to retire someday.

Hillel L. Presser's firm, The Presser Law Firm, P.A., represents individuals and business in establishing comprehensive asset protection plans. Hillel specializes in helping people protect themselves from lawyers, creditors, foreclosure deficiencies, former or current spouses, children, relatives, and greedy lawsuit-obsessed citizens.

While many people can make money, few know how to protect it.

Hillel has written several books including - Asset Protection Secrets & Financial Self Defense.  

One of Hillel's favorite quotes is "For every 60 minutes you spend making money, spend 60 seconds thinking about how to protect it!" 

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.

What if life throws a roadblock or a detour - or hits you with a huge lawsuit?!  Be prepared.

 

 

 

Direct download: Hillel20Presser.mp3
Category:Personal Finance -- posted at: 5:29pm 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.

In this episode,Kraig Strom interviews Justin Bonestroo from Actuarial Benefits Inc.  Justin is an actuary and  specializes in retirement plan design.  Some advisors have painted the 401k in a negative light.  The truth is that a 401k or defined benefit plan can be a great accumulation vehicle when they are used correctly.
In this interview, Kraig & Justin explore common missunderstandings of retirement plans.  They aslo dive into a recent 401k attack article by Garrett Gunderson.  Yes, the 401k has risks and pitfalls but that's not unique to a defined contribution plan.  All investments have risk and pitfalls that need to be avoided.

Direct download: Justin20Bonestroo20Level.mp3
Category:Personal Finance -- posted at: 7:00am PDT

Doctor Wade Pfau is known as the Retirement Researcher. He is the Professor of Retirement Income at The American College, which educates financial planners. Doctor Pfau is also the Director of Retirement Research for McLean Asset Management and inStream.

Dr. Pfau earned a Ph.D. in economics from Princeton University in 2003 with a dissertation about Social Security reform, and became a Charterend Financial Analyst charterholder in 2011.

Excertp from Dr. Pfau's website: www.retirementresearcher.com:

People are living longer. Corporate pensions from shifting away from traditional defined-benefit frameworks (where employers bear the responsibility to fund pension promises) to defined-contribution frameworks (where workers need to figure out their own retirement planning strategy).
Folks are now increasingly responsible to figure out how much to save while working and how to convert their savings into sustainable income for the rest of their lives. Making the right decisions is an exceedingly complicated task. But the job is not insurmountable.

  • Do I have enough saved to afford retirement?
  • What is the 4% rule?
  • What is the appropriate mix of stocks and bonds in retirement?
  • When should I start Social Security benefits?
  • What is the difference between fixed and variable annuities?
  • How can I build a retirement income strategy that will last?

 

 

Direct download: PPR_21_Wade_Pfau_Updated.mp3
Category:Personal Finance -- posted at: 7:00am PDT

Most people are unaware that the 401k is only 35 years old.  It was created in 1978 and the first plan was not put in place until 1980. 

There may be a new 401(k) myth on the horizon, if President Obama gets his way with the tax-qualified retirement accounts of Americans. When the President revealed his 2016 fiscal year budget, it included a proposal to place a limit on the amount of money workers can contribute to their tax-favored retirement accounts; this includes their IRAs, 401(k) accounts and private pensions.

Perhaps it’s because of public misinformation. There is a widely held belief that any policy placing restrictions on investments is designed to hurt only the wealthiest Americans – the so-called “one percent.” In fact, one of the many misconceptions of the 401(k) floating around is that it is only available to high earners. If you are a middle class earner with a 401(k), you know that isn’t true. If a policy that limits how much workers can contribute to their 401(k) accounts comes to fruition, it would actually hurt the middle class more than anyone else.

Just like Social Security before them, IRA and 401(k) accounts are subject to rule changes that the government assured us wouldn't happen. Decades ago, Americans believed their Social Security accounts had minimal tax implications – but in 2015, as much as 85 percent of Social Security income can be taxed. In 1978, Americans were told 401(k) accounts were a tax-favored alternative to living on Social Security – and now, that is on its way to becoming one of the growing misconceptions of the 401(k).

Direct download: 20_PPR_20__History__Cautionary_Tale.mp3
Category:Personal Finance -- posted at: 7:58am PDT

Award winning author Jonathan Clements joins Kraig Strom talk about his critically acclaimed new book - Money Guide 2015.

Jonathan Clements is a financial writer based just outside New York City. He's the author of the award-winning Jonathan Clements Money Guide 2015, and also writes a weekly column for The Wall Street Journal that appears on Saturdays. 

This is undoubtedly the largest writing project Jonathan Clements has have ever taken on: creating a comprehensive financial guide. The 2015 edition of the Jonathan Clements Money Guide is now available, packed with punchy, plain English answers to your most pressing financial questions.

Here’s what you’ll find in the Money Guide:

  • Help with retirement, college, home buying, estate planning and more
  • Indispensable information delivered in short, easy-to-understand sections
  • Simple strategies to improve every aspect of your financial life
  • My outspoken views on personal finance
  • The latest facts and figures on the economy and markets
  • Tax information for 2014 and 2015
  • Intriguing statistics on how the typical American is faring financially

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: 19_PPR_19__Money_Guide_2015_with_Jon.mp3
Category:Personal Finance -- posted at: 6:30am PDT

Robert Schiller - Nobel Prize winning Author of the book Irrational Exuberance and Yale Economics Professor comes out strongly against over reliance on the stock market in retirement planning.  Schiller suggests that a substantial portion of retirement assets be put in

  • Inflation indexed government bonds
  • Inflation indexed retirement annuities

Schiller urges retirees to take retirement income in this form rather than relying on the stock market. He goes on to say Retirement Plans Should be Put on Sounder Footings.

Marc & Kraig also discuss a recent article where CPA Ed Slott talks about the Deminse of the inherited Stretch IRA option.

 

 

 

Direct download: 17-Episode_16_Nobel_Advice_with_MarcEdited.mp3
Category:Personal Finance -- posted at: 7:00am PDT

In this episode, Kraig interviews Mindy Skaggs who shares her experience of living with the after effects of her husbands devastating disability.

Mindy & Bill Skaggs have been married for 32 years.  Up until a few years ago, everything was on track.  Their kids were all healthy and doing well and Mindy worked part time at the local school district.  Bill had a great career in the aerospace industry and life was good.  Mindy and the kids are still healthy but something no one could have imagined, especially Bill, happed one day and changed everything.

The family returned from a vacation cruise on a Sunday.  Bill left for work the next day as usual.  The next morning, while Bill was talking about the cruise with his friend at work, he suddenly stopped talking and fell to the floor. 

Bill had a massive stroke. To make things worse, he struck his head so badly, that doctors would not be able to give him vital stroke treatment medication once he reached the hospital.

Life changed for Skaggs family that day.  The day the unthinkable happened.
The best laid plans for a great retirement were completely derailed by Bill's stroke.  He would no longer be able to work or earn an income.  Mindy now carries the weight of their financial future on her shoulders alone.

Share this episode with your friends and family and take action to make sure that your family is protected.

Do it today!

 

Direct download: 16-16_PPR_16__Living_with_Disability_w.mp3
Category:Personal Finance -- posted at: 7:00am PDT

David johnson is a Chartered Life Underwriter and financial advisor with over 20 years of experience.  He graduated from Wheaton College and joined his father's financial practice in 1996.  David is an award winning professional and is passionate about helping people protect their families and plan for the best possible retirement.

David focusses on - Personal life insurance and retirement planning, along with business buy/sell and key person insurance planning

In this episode, David share the story about how his own father planned for and entered retirement.  His father understood long ago that the purpose of planning for retirement is not just to accumulate assets but to ultimately, as Forbes states, turn those into income.

Thankfully David's father had this in mind years ago.

In planning for retirement, David's father put together a portfolio that not only included some liquid assets, real estate, and retirement accounts, but also permanent life insurance that was equal in value to his retirement accounts.  David explains that his father was then able to leverage his life insurance to create significant lifetime income from his retirement assets.

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

In this episode, Marc and Kraig re-visit the topic of maximizing retirement income.  They also discuss sequence risk which is one of the biggest risks to a secure retirement .

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.

Direct download: 14-Episode2014_20Marc202620KraigV2.mp3
Category:Personal Finance -- posted at: 8:36pm PDT

In this episode, Mark & Kraig discuss the important concepts you need to consider if you are working on retirement or already retired. Most every survey we read overwhelming shows that the number one fear of retirees is running out of money.  More than 70% of people surveyed say that they want a guaranteed income option in retirement.  Other questions like - should you be counting on Social Security in retirement or how do you make your retirement income last are also on everyone's mind.   Spoiler Alert - The answer is not a product!  Maximum secure income in retirement requires a comprehensive strategy that includes the proper balance between actuarial and investment assets. You CAN retire without sacrificing your lifestyle.  Don't settle for less, we can help!

Direct download: 13-Episode_13__Annuities_with_Mark___Kr.mp3
Category:Personal Finance -- posted at: 6:40am PDT

In this episode, Kraig Strom & Marc Miller discuss the important concepts you need to consider before you retire.  Should you be counting on Social Security in retirement?  How do you make your retirement income last?  Spoiler Alert - The answer is not a product!  Maximum secure income in retirement requires a comprehensive strategy that includes the proper balance between actuarial and investment assets.  Kraig also shares a great client success story about a husband and wife who thought they would have to keep working until age 70.  Today, they have a plan to change that and retire sooner than they ever thought possible!

Direct download: PPR_12_-_How_to_make_retirement_inco.mp3
Category:Personal Finance -- posted at: 5:00am PDT

In this episode, Kraig Strom & Marc Miller discuss the Two Financial Powers needed to achieve maximum income in retirement.  Without the proper balance between actualrial science and interest rate/rate of return, people are relegated to the low income rates prescribed by most financial advisors.  Marc & Kraig also covers some important financial news headlines that have not hit the main stream press.  Do you know how President Obama's own retirement stacks up against the one he things you should have?  And they review a recent employee benefits poll that show most workers would be willing to give up current raises in excange for a pension in retirement.

Direct download: 11-PPR_Episode_11_-_2_Powers_Marc_Miller___Kr.mp3
Category:Personal Finance -- posted at: 6:00am PDT

Accumulating wealth is only the first step towards achieving maximum retirement income.  In this episode, Kraig Strom & Marc Miller discuss the rules associated with the Distribtuion side of your retirement plans.  Marc & Kraig also covers some important financial news headlines that have not hit the main stream press.  One million dollars in your 401k does not make you a millionaire.

Direct download: 10-Up_Mtn._Marc_Miller___Kraig_Strom_2.mp3
Category:Personal Finance -- posted at: 7:05am PDT

In this episode, Kraig Strom & Marc Miller discuss the rules associated with the accumulation side of saving for retirement.  Marc & Kraig also covers some important financial news headlines that have not hit the main stream press.  You need to know what Washington is doing to come after your retirement accounts.

Direct download: 09-09_PPR_Episode_09_Marc_Miller___Krai.mp3
Category:Personal Finance -- posted at: 5:41am PDT

In this episode, Kraig Strom interviews Scott Waddell of the Householder Group.  Scott is an expert financial advisor and specializes in retirement planning. Scott holds the Chartered Retirement Planning Counselor (CRPC®) designation.

Direct download: 08-08_PPR_Episode_08_-_Investing_For_Re.mp3
Category:Personal Finance -- posted at: 5:00am PDT

The best retirement savings plans can be wiped out by one car accident or personal liability claim.  Maximum insurance protection positions families to grow their wealth without risk.

Direct download: 04_PPR_Episode_04_-_Jason_Purvis_-_A.mp3
Category:Personal Finance -- posted at: 10:53pm PDT

In this episode, Kraig Strom discusses the popular baby steps approach pitched by Dave Ramsey.  Kraig shares the four wealth objectives that he uses when working with clients on their retirement income planning. These objectives serve as an easy to apply base line reference for financial planning decisions.  

Direct download: Episode_03-_4WO.mp3
Category:Personal Finance -- posted at: 10:51pm PDT

In this epiode, Kraig interviews Kenya Mills, CEO of Innovative Infusion Solutions.  Starting your own business is a great way to build wealth for retirement but its not always easy.  Business startups are risky but persistence can pay great dividends.

Direct download: Kenya_Mills.mp3
Category:Personal Finance -- posted at: 9:53pm PDT

In this episode, Kraig interviews Brian Eastman of Safeguard IRA & 401k Advisors about the benefits of self directed retirement accounts. With a Self Directed IRA or Checkbook Control IRA as it is also known, you can invest in anything the Internal Revenue code allows. The rules and regulations, however, are complex so we have endeavored to collect a central library of learning materials to cover most topics you will encounter in your educational process.

Direct download: Brian_Eastman.mp3
Category:Personal Finance -- posted at: 9:51pm PDT

In this episode, Kraig interviews professional coach, Patti Cotton. Patti Cotton and her team work primarily with professionals who are key decision-makers in corporate and business owner settings. These executives are considered highly successful – but they secretly know they are capable of more. And they are ready to go after it and get it. 

Direct download: 03-PPR_Episode_03_-_Patti_Cotton___Stop.mp3
Category:Personal Finance -- posted at: 9:17pm PDT

In this episode, Kraig Strom interviews CPA Jarin Mauer.  Jarin is an expert at helping his clients take advantage of often missed tax credits, tax deductions, and tax filing options.

Direct download: 02-Jarin_M._Podcast.mp3
Category:Personal Finance -- posted at: 9:14pm PDT

You can retire or sell your business with your lifestyle intact. Don't settle for the inaccurate and incomplete advice of Financial Entertainers like Dave Ramsey, Suze Orman, or Jim Cramer.  There is a better way!

 

Direct download: 01-Episode_01_-_Kraig.mp3
Category:Personal Finance -- posted at: 9:09pm PDT