Personal Pension Radio

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:

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