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15 episodes with Andrew Biggs
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2 episodes with Andrew Biggs
3 episodes with Andrew Biggs
2 episodes with Andrew Biggs
2 episodes with Andrew Biggs
2 episodes with Andrew Biggs
Today on Political Economy, I'm talking with Andrew Biggs on why policymakers, the media, and most Americans are convinced of a retirement crisis that Biggs argues . . . doesn't exist. Andrew and I discuss why this misperception continues to persist, and where the real flaws are in the American retirement system.Andrew is a senior fellow here at AEI where he researches Social Security reform, public and private sector compensation, and state and local government pensions.Prior to AEI, Biggs was principal deputy commissioner of the Social Security Administration. In 2005, he served as the associate director of the White House National Economic Council. He is also the author of the new book, The Real Retirement Crisis: Why (Almost) Everything You Know About the US Retirement System Is Wrong.
In this gripping episode, Andrew Biggs interviews Lydia Knight, founder of The She Center, who shares her astonishing journey from being raised in a cult to helping thousands of women heal through neuroscience, emotional deprogramming, and radical truth-telling.You'll learn how Lydia overcame trauma, religious control, and a debilitating eating disorder—all by understanding how the brain works and how to intentionally rewire it.
In this episode of The Better Than Rich Show, host Andrew Biggs talks with real estate investor and tech executive Nathan Murith, who has built a $5K/month rental income stream—all while keeping his full-time W-2 job and spending just 20 minutes a day on his portfolio.Nathan debunks the myth that success demands burning the boats and going all-in. Instead, he shares how thoughtful automation, disciplined calendar use, and a long-term mindset can create powerful results over time.This episode is essential listening for any high-performing professional looking to invest smartly, maximize time, and prioritize what matters most—without sacrificing family or personal wellbeing.20 Minutes a Day Can Build Real Wealth With a full-time job, two kids, and a wife who also works full-time, Nathan only has 20 minutes daily to work on his real estate side hustle. The secret? Systems, automation, and boundaries. Real Estate Is a People Business—Build Your Team First Before you buy property, build your ‘Core 4' team: real estate agent, property manager, lender, and insurance broker. Discipline + Delayed Gratification = Freedom Nathan's long-term approach has resulted in meaningful income and a legacy plan for his kids.Chapters:00:00:00 – Unplugged Presence: The Power of Device-Free Family Time00:00:49 – Welcome to The Better Than Rich Show with Nathan Murith00:01:03 – Crushing the Myth: You Don't Have to Quit Your Job to Win in Real Estate00:03:20 – Building a Profitable Real Estate Side Hustle in Just 20 Minutes a Day00:05:55 – Your Network Is Your Net Worth: How to Build a Power Team00:11:34 – Smart Investing Starts Here: How Nathan Analyzes Markets00:15:06 – Family First, But Don't Neglect the Dream: Blending Life and Investing00:19:24 – Time Hacks and Automation Secrets That Fuel a 5-Figure Side Hustle00:26:52 – Mastering the Long Game: Why Discipline and Patience Win00:28:49 – Final Takeaways: If You've Got 20 Minutes a Day, You've Got a Future
In this episode, Andrew Biggs interviews George Otel about business funding strategies. George shares why it's crucial to secure financing when your business is doing well, how to treat a line of credit like an insurance policy, and why building business credit early pays off in the long run.
In this episode, Susan Pendergrass speaks with Andrew G. Biggs, senior fellow at the American Enterprise Institute (AEI), about the current state and future of Social Security. They discuss the dangers of a proposed temporary elimination of taxes on Social Security benefits, which could harm the program's finances and incentivize early retirement, an outcome that could undercut long-term retirement security. Biggs explains that this move would offset one of the greatest contributors to the success of America's retirement system and worsen the funding gaps of Social Security. They also cover concerns about the sustainability of the program, the shift from pensions to 401(k) plans, and the need for sound public policy to address these challenges. Check out Dr. Biggs' Substack, Little-Known Facts, here: https://littleknownfacts.substack.com/ And his new book, The Real Retirement Crisis: Why (Almost) Everything You Know About the US Retirement System Is Wrong, here: https://www.aei.org/research-products/book/the-real-retirement-crisis/ Timestamps: 00:00 Introduction to Social Security and Its Importance 01:57 Understanding Social Security's Financial Future 04:31 Taxation of Social Security Benefits 08:11 The Shift from Pensions to 401(k)s 10:04 Proposals for Tax Cuts and Their Implications 15:51 The Impact of Temporary Tax Cuts on Retirement 17:43 The Future of Social Security and Policy Challenges Produced by Show-Me Opportunity
Paul Kirby had the dream résumé—engineering degree from Cal, MBA from Harvard—but something was missing. So he built a robot. One that paints. Seriously.In this episode of The Better Than Rich Show, host Andrew Biggs sits down with Paul to unpack The Fuse Pathway—a simple but powerful framework to help you combine what you really care about into a path that actually fits your life.From travel writing to landscape architecture to robotic art, this episode is for anyone who feels stuck in success, good at their job but dead inside—and wondering if there's more.Whether you're 30, 50, or 70… Paul shows it's never too late to start something that feels like you.
In this deeply inspiring episode of The Better Than Rich Show, Andrew Biggs sits down with U.S. Navy veteran and ultra-endurance athlete Aaron Hale.After losing his sight and hearing in a roadside bomb explosion in Afghanistan, Aaron could have given up. Instead, he ran 135 miles through Death Valley, started a business, launched a podcast, and now helps others build bulletproof resilience in their lives.This episode is a masterclass in overcoming adversity, turning pain into purpose, and choosing to live fully—no matter what you've been through.
In this expert-packed episode, Dr. Ryan Williamson joins Andrew Biggs to talk about optimizing your health, slowing aging, and building a brain and body that lasts.From the neuroscience of sleep to movement that grows your hippocampus (yes, literally), Ryan explains the lifestyle principles that make the biggest difference—without hype or gimmicks.Perfect for high-performing entrepreneurs, fathers, and longevity-curious HENRYs who want to live longer and better.
In this powerful episode, Andrew Biggs sits down with coach, father of seven, and speaker Greg Denning to explore how pain can be turned into purpose. Greg shares how he went from a broken childhood to building an extraordinary family life rooted in purpose, adventure, discipline, and deep love.Whether you're struggling in your marriage, burnt out as a dad, or simply seeking more fulfillment, Greg lays out practical strategies to become a Formidable Family Man—mentally, physically, emotionally, and spiritually.
In this episode, Andrew Biggs sits down with real estate investor and hard money lender Yoav Gilad to discuss the real truth about house flipping. Yoav shares how he started in real estate, common mistakes new flippers make, and why financing is the key to scaling fast.
#ThisMorning on #BRN | #Privacy | #2013 | What #Data Are Actually in the #SocialSecurity #Database? | Andrew Biggs, American Enterprise Institute | #Tunein: broadcastretirementnetwork.com #Aging, #Finance, #Lifestyle, #Privacy, #Retirement, #Wellness and #More - #Everyday
In this episode, Andrew Biggs sits down with Erin Bradley, host of Pursuing Freedom, to discuss how she escaped financial stress and built a life of freedom. Erin shares her journey from debt to success, the mindset shifts that changed everything, and how to create a business that supports your ideal lifestyle. If you've ever felt stuck in a career or financial cycle that doesn't serve you, this episode will show you how to break free.
In this episode of The Better Than Rich Show, Andrew Biggs interviews LuRae Lumpkin about her journey from corporate marketing executive to advocate for personal freedom. They explore the dangers of societal conditioning, the power of shadow work, and why many people stay stuck in unfulfilling careers. LuRae also shares insights on ethical marketing, breathwork, and how to live a truly authentic life.
In this episode of The Better Than Rich Show, Andrew Biggs sits down with Lorinda Van Newkirk, a lifelong entrepreneur and powerhouse in the Western lifestyle industry. Lorinda shares her inspiring journey of starting her first business at age eight, scaling multiple ventures, and consulting businesses in wholesale and retail. Along the way, she reveals invaluable lessons about numbers, relationships, grit, and building connections to succeed in business.Whether you're a new entrepreneur or a seasoned business owner looking to scale, Lorinda's insights into financial clarity, wholesaling strategies, and overcoming challenges are packed with actionable advice. She also shares powerful reflections on being a woman in traditionally male-dominated spaces and what it takes to build a meaningful, sustainable life in business.Key Takeaways:Why financial clarity is the foundation of success ("Numbers don't lie.")Common pitfalls in wholesaling and how to avoid them.The importance of grit and resilience in entrepreneurship.How the Western lifestyle industry is more than just a niche—it's a way of life.Lorinda's advice for women stepping into leadership roles in male-dominated industries.Chapters:00:00:00 — Kicking Things Off with a Bang00:02:13 — Hustling Since Day One00:03:30 — Business Brilliance in Action00:05:31 — The Unfiltered Truth About Challenges00:07:49 — Inside the Wholesale Hustle00:14:58 — Western Culture: More Than Just a Look00:20:15 — Making Waves in a Man's World00:21:09 — The Wisdom of a Fearless Father00:22:31 — Resilience: A Non-Negotiable Trait00:26:27 — Raising Women Who Can Conquer Anything00:30:58 — The Mentorship That Changes Lives00:33:55 — A Small Act of Kindness, A Big Impact00:34:56 — Books That Shape Bold EntrepreneursConnect with Lorinda:WebsiteLinkedInBook Recommendations:School of Greatness by Lewis HowesLearn more about Lorinda's work at Lucky ChuckConnect with The Better Than Rich:Get Your Free Delegation PlanBTR Mini-CourseWebsiteFacebookInstagramTwitterTikTok
In this thought-provoking episode, Andrew Biggs interviews Michael Brabant, founder of Candor & Coherence, on the transformative power of embodied leadership. Michael shares his journey of helping leaders and CEOs foster psychological safety, create cultures of trust, and align their actions with their inner truths. With insights on internal reconciliation, the pitfalls of “rock top” success, and the future of leadership, this episode is a must-listen for those seeking deeper fulfillment and sustainable growth.Chapters:00:00:00 – The Journey Begins: Self-Acceptance & Trust00:00:42 – Who is Dr. Michael Brabant? More Than Just a Name00:03:14 – Leadership You Can Feel: The Power of Embodiment00:06:28 – Beyond the Boardroom: Embodied Leadership in Action00:11:45 – The Invisible Force: Psychological Safety & Its Magic00:22:54 – No More Fear: Creating a Culture of Psychological Safety00:29:52 – Meet Lee Benson & The Game of Business Virtue Signaling00:30:50 – Leadership's Hidden Core: Trust, Power, & Perception00:31:45 – A Hard Truth: Why Leaders Must Master Self-Acceptance00:34:30 – The Trap of Success: When Money Isn't Enough00:35:57 – Survive or Innovate? The AI Revolution is Here00:37:13 – Rock Top: When Success Feels Empty00:45:28 – The Candid CEO: Leading with Coherence & Truth00:47:30 – A Final Reflection: What Truly Matters in Leadership?Connect with Michael Brabant:Candor & CoherenceBook Recommendations:The Presence Process: A Journey Into Present Moment AwarenessConnect with The Better Than Rich:Get Your Free Delegation PlanBTR Mini-CourseWebsiteFacebookInstagramTwitterTikTok
Andrew Biggs chats with Asmâa Methqal, creator of the Fire and Flow methodology. They explore the importance of balancing masculine and feminine energies in business and life, uncovering your zone of genius, and building community as the future of leadership. Asmâa shares practical tips for bringing harmony into your daily routine and explains how leaders can create lasting impact by aligning with their authentic selves. Chapters: 00:00:00 - Finding Your Tribe: Why Community is the Key to Success 00:00:37 - Welcome to the Better Than Rich Show 00:00:40 - Meet Asmâa Methqal: The Woman Behind Fire and Flow 00:00:50 - Unlocking Fire and Flow: The Secret to Harmonizing Work and Life 00:03:14 - How to Discover Your Zone of Genius and Stop Playing Small 00:06:42 - The Power of Self-Awareness: Aligning Your Energy for Success 00:13:38 - Integrating Fire and Flow in Business for Sustainable Growth 00:14:24 - Balancing Masculine and Feminine Energies to Lead with Impact 00:25:40 - Daily Practices to Bring More Harmony and Fulfillment into Your Life 00:26:31 - The Queen and King List: A Simple Habit to Elevate Your Potential 00:32:11 - The Secret to Creating Sacred White Spaces for Clarity and Creativity 00:35:17 - Why Community is the Future of Business (and How to Build Yours) 00:36:36 - How to Build and Lead a Thriving Community that Feels Like Home 00:38:28 - Co-Creation: The Future of Business and Why You Should Embrace It 00:45:26 - Final Thoughts & Next Steps to Step into Your Fire and Flow Connect with Asmâa Methqal: LinkedIn: https://www.linkedin.com/in/asmaamethqal Instagram: https://www.instagram.com/leadwithasmaa Fire and Flow Leaders Community: IamAsmaa.com/school Book Recommendations: The Big Leap by Gay Hendricks: https://tinyurl.com/ncd2663e The War of Art by Steven Pressfield: https://tinyurl.com/ysedua37 Belong by Radha Agrawal: https://tinyurl.com/ksuzrpjh Connect with The Better Than Rich: Get Your Free Delegation Plan BTR Mini-Course Website Facebook Instagram Twitter TikTok
In this episode, Andrew Biggs speaks with financial advisor T.J. Van Gerven about practical wealth-building strategies for millennials. Topics include the FIRE (Financial Independence, Retire Early) model, equity compensation, real estate vs. stock market investing, and financial planning for married couples. T.J. also shares advice on planning sabbaticals and achieving a fulfilling life through intentional decision-making. Chapters: 00:00:00 - Introduction to Building Wealth Through Equity Compensation 00:00:38 - Welcome to the Better Than Rich Show 00:00:41 - Meet T.J. Van Gerven: Financial Advisor for Millennials 00:01:01 - Why Millennials Need Unique Financial Planning Approaches 00:01:25 - Breaking Down FIRE: Financial Independence, Retire Early 00:02:44 - The Benefits of Starting Financial Planning Early 00:05:39 - Big Picture Strategies for Financial Success 00:12:49 - Real Estate vs. Stock Market: Choosing the Right Investment 00:16:20 - Financial Planning Tips for Married Couples 00:19:09 - How to Maximize Equity Compensation for Wealth Building 00:21:14 - Tax-Saving Strategies: Long-Term Capital Gains and AMT 00:21:49 - Managing Stock Options and Restricted Stock Wisely 00:22:22 - Diversification: Avoiding Risk by Spreading Investments 00:24:06 - Planning for Sabbaticals and Life's Bucket List Goals 00:26:27 - Should You Use Life Insurance as a Financial Strategy? 00:30:16 - Smart Investment Principles and Avoiding Market Speculation 00:33:23 - Understanding Compound Interest and Preventing Loss 00:34:42 - Final Thoughts: Key Takeaways for Building a Fulfilling Life Connect with T.J.: Modern Wealth Builders LinkedIn Book Recommendations: The Almanack of Naval Ravikant by Eric Jorgenson The Psychology of Money by Morgan Housel A Random Walk Down Wall Street by Burton Malkiel A Guide to the Good Life: The Ancient Art of Stoic Joy by William B. Irvine Connect with The Better Than Rich: Get Your Free Delegation Plan BTR Mini-Course Website Facebook Instagram Twitter TikTok
In this episode of The Better Than Rich Show, Andrew Biggs interviews Ernesto Mandowsky, a systems and automation expert who helps entrepreneurs turn their businesses into million-dollar machines. Ernesto shares insights on creating effective business systems, hiring operators, and maintaining work-life balance. Whether you're struggling to scale or simply looking to optimize your operations, this episode is packed with actionable takeaways. Chapters: 00:00:00 — 90% and the Solopreneur Secret 00:00:37 — Doors Open: Welcome to a Better Way 00:02:25 — Ernesto Unmasked: The Architect of Systems 00:02:41 — The Invisible Backbone of Business 00:05:03 — Building Blocks of a Million-Dollar Machine 00:07:58 — From Chaos to Clarity: Transformation Steps 00:11:49 — The Stumbling Blocks Nobody Talks About 00:15:28 — The Restaurant Effect: Serving Systems Right 00:19:49 — Change Is Hard, but Here's the Map 00:20:32 — Building the Plane While Flying It 00:23:20 — The Tech Puzzle: Tools That Talk 00:25:13 — Industries Have More in Common Than You Think 00:26:38 — Cutting the Fat: Prioritize Like a Pro 00:28:31 — Five-Star Business Hospitality 00:31:28 — Operators: The True MVPs 00:33:18 — Ernesto's Vision: Why It All Matters 00:36:27 — Tying the Bow: What It's All About Connect with Ernesto: YourMDM.co Scorecard Tool Book Recommendations: The Alchemist, 25th Anniversary: A Fable About Following Your Dream Unreasonable Hospitality: The Remarkable Power of Giving People More Than They Expect The 15 Commitments of Conscious Leadership: A New Paradigm for Sustainable Success Connect with The Better Than Rich: Get Your Free Delegation Plan - Better Than Rich BTR Mini-Course Website Facebook Instagram Twitter TikTok
The Social Security Fairness Act was signed into law by President Joe Biden on Jan. 6 thanks to strong bipartisan support. The intent was to provide greater retirement security and “fairness” to people who have dedicated their careers to public service, with bill supporters saying the old law unfairly stripped many low-income government and public workers of the benefits they deserve.But did they get it wrong? Andrew G. Biggs, senior fellow at the American Enterprise Institute and a nationally recognized expert on retirement issues and Social Security policy, makes a compelling argument for why the Social Security Fairness Act essentially amounts to a $200 billion giveaway to people who neither need the benefits nor paid into the system to receive them.Key InsightsImpact of Social Security Fairness Act: The repeal of WEP and GPO provisions increases Social Security benefits for public sector employees but raises concerns about fairness and financial sustainability.Public Sector Pension Dynamics: Many public employees benefit from generous pensions and may now receive additional Social Security benefits, leading to "double-dipping" concerns.Fiscal Consequences: The $200 billion cost of the legislation accelerates the depletion of Social Security trust funds, threatening long-term sustainability.
Andrew Biggs interviews Renita Wolf, founder of Poe Wolf Partners, about the critical importance of planning an exit strategy for business owners. Renita shares startling insights, including that up to 90% of businesses shut down without selling due to lack of preparation. Drawing from her corporate finance expertise, she outlines actionable steps for successful exits, such as obtaining a professional valuation, preparing 2-3 years in advance, reducing dependency on the owner, and identifying potential buyers like competitors, strategic partners, or family members. Renita emphasizes aligning the exit strategy with personal goals—whether maximizing profit, ensuring employee security, or preserving a legacy. She also offers a free assessment tool to help business owners gauge their readiness at PoeWolfPartners.com/ready. Chapters 00:00:00 - Why Most Businesses Close Without Selling 00:00:21 - Meet Renita Wolf: Exit Strategy Expert 00:00:36 - Why Every Business Needs an Exit Strategy 00:02:35 - Renita's Journey: From Corporate to Entrepreneurship 00:05:55 - What Is Your Business Really Worth? 00:10:10 - Steps to Prepare for a Profitable Exit 00:15:00 - Crucial Factors That Drive Business Value 00:19:59 - How to Make Yourself Replaceable in Your Business 00:21:46 - Creating a Scalable and Sellable Business Structure 00:22:34 - From Operator to Chairman: Elevating Your Role 00:23:16 - Big Challenges for Small Business Owners 00:24:19 - Your Roadmap to a Smooth Business Exit 00:31:21 - How to Identify the Best Buyer for Your Business 00:35:20 - Renita's Final Tips for a Successful Sale Connect with Renita Wolf LinkedIn - https://www.linkedin.com/in/renitawolf Poe Wolf Partners - https://www.poewolfpartners.com Take the Exit Ready Assessment - https://exitready2406.scoreapp.com Book Recommendations Books authored by Daniel Priestly - https://danielpriestley.com/daniel-priestley-books The Wealth Money Can't Buy by Robin Sharma - https://tinyurl.com/25cnmb7e Connect with the Better Than Rich Show Website - https://www.betterthanrich.com Facebook - https://m.facebook.com/betterthanrich Instagram - https://www.instagram.com/betterthan_rich Twitter - https://mobile.twitter.com/betterthan_rich TikTok - https://www.tiktok.com/@betterthanrich YouTube - https://www.youtube.com/@BetterThanRich LinkedIn - https://www.linkedin.com/company/betterthanrich
Andrew Biggs sits down with Csaba Borzási to dig into the mechanics of email marketing and lead conversion. Csaba shares how he makes compelling lead magnets, building follow-up systems that convert, and shifting customer beliefs to drive sales. They discuss the psychology behind effective marketing, the importance of niching down, and how to connect with sophisticated buyers. Whether you're running ads or leaning on organic traffic, this conversation has a lot of strategies to help you activate your leads and grow your business. Chapters 00:00:00 Breaking the Niche Barrier 00:00:30 Meet Csaba Borzási: The Conversion Maestro 00:01:18 Email Secrets 00:02:26 Email: The Science and Soul 00:04:34 Lead Magnets That ACTUALLY Work 00:06:33 Innovation in Market Sophistication 00:13:52 Rewriting Beliefs for Success 00:14:28 Follow-Up Goldmine 00:18:41 Campaign Hacks You'll Use Today 00:25:29 YouTube Ads: Breaking the Camera Fear Cycle 00:26:58 Pinpointing Your Dream Clients 00:30:36 Timeless Marketing Wisdom 00:38:53 Nailing the Perfect Hook 00:45:02 The Rise of Copywriting Ninjas 00:45:49 Csaba's Book Recommendations You Need 00:47:02 The Essence of a Rich Life 00:48:12 Wrapping Up with Action Steps Connect with Csaba Borzási: Csaba on LinkedIn Game of Conversations The Rapid Lead Activator Book Recommendations: Breakthrough Advertising by Eugene Schwartz Great Leads by Michael Masterson and John Forde The Adweek Copywriting Handbook by Joseph Sugarman Connect with The Better Than Rich: Get Your Free Delegation Plan - Better Than Rich BTR Mini-Course Website Facebook Instagram Twitter TikTok
Mike Abramowtiz and Andrew Biggs reconnect after 10 months to discuss how business owners can break free from the grind and reclaim their time. They explain the "Time-Rich Six," a set of principles that help entrepreneurs set boundaries, streamline systems, and leverage technology to scale their businesses without burning out. Mike shares how applying these strategies can lead to 3X the revenue while cutting work hours. This conversation is all about getting real results by focusing on what truly matters for business owners who want both success and more time for their lives. Chapters: 00:00:00 – How ChatGPT Can Revolutionize Your SOPs 00:00:30 – Welcome Back to the Better Than Rich Show! 00:02:12 – Reuniting After 10 Months: Mike's Life Updates 00:03:12 – A Year in the Life: Mike's Big Wins in Business and Family 00:04:10 – Andrew's Journey as a Digital Nomad Across India and Malaysia 00:05:09 – Speedcubing and Parenting: Andrew's Son's Latest Passion 00:06:25 – Entrepreneurs, It's Time to Set Boundaries and Stop Overworking 00:11:07 – Unveiling the Time-Rich Six Framework 00:16:31 – The Power of Playbooks in Scaling Your Business 00:20:40 – Build a Team That Gets Stuff Done 00:27:57 – Why Becoming Time-Rich Changes Everything for Entrepreneurs 00:30:44 – How to Experience True Time Freedom 00:31:56 – Stop Distractions from Destroying Your Productivity 00:32:19 – Emotional Growth, Family, and Leadership 00:33:06 – Making Choices that Create More Autonomy in Your Life 00:36:39 – GSD: The Framework That Will Change How You Work 00:39:09 – How the Lead Domino Strategy Drives Business Success 00:49:35 – Using AI to Automate and Accelerate Business Growth 00:57:09 – A Special Offer: Free GSD Sessions to Help You Get Started 01:04:27 – Wrapping Up: The Final Call to Action Connect with The Better Than Rich: Get Your Free Delegation Plan - Better Than Rich BTR Mini-Course Website Facebook Instagram Twitter TikTok
#BRN #Retirement #1864 | Is there a Retirement Crisis? | Andrew Biggs, American Enterprise Institute | #Tunein: broadcastretirementnetwork.com | #Independent. #GetTheFullStory. #JustTheFacts. #Everyday. #AllInOnePlace.
As Social Security's Old Age and Survivors Insurance trust fund approaches potential exhaustion in 2033, a critical debate emerges about how to address this looming crisis. Instead of across-the-board benefit reduction, an alternative approach proposes leveraging presidential discretion to protect the most vulnerable recipients. Andrew Biggs from American Enterprise Institute helps answer how we can balance legislative action and executive authority in addressing one of America's economic challenges.
Dig into Wednesday’s headlines with Boyd Matheson. Reflect on yesterday’s vice presidential debate and the candidates’ strategies with Jeff Greenfield. Eric Boehm weighs in on the economic policies presented at the debate. Hear the latest on what is happening in the Middle East with Eric Bazail-Eimil. Andrew Biggs breaks down a potential plan to solve social security’s insolvency and More!
Dive into Wednesday’s headlines with Boyd Matheson! H.E. Ambassador Idriss joins Boyd to discuss the crisis in Sudan and to applaud the Church of Jesus Christ of Latter-day Saints and Utah for its humanitarian efforts. Even though the world is becoming increasingly secular, religious rhetoric still exists in the political world. Asma Uddin breaks down the importance of this and the religious language’s history in our country. Andrew Biggs celebrates 50 years of social security and paints a picture of where the program is at right now and More!
As we commemorate the 50th anniversary of Supplemental Security Income (SSI), we can reflect on the program's history and its future. What began in 1974 as a lifeline for America's most vulnerable has evolved, yet still faces significant challenges in meeting its original mandate. With maximum benefits falling well below the federal poverty level, SSI stands as both a testament to our nation's commitment to social welfare and a reminder of the work that remains to be done. Andrew Biggs from American Enterprise Institute joins the show to share his experiences with SSI and to celebrate this milestone in social security’s history.
Today we have a disagreement on whether there's a retirement crisis in the United States. To have this conversation, we've brought together two thought leaders on the topic.Andrew Biggs is a senior fellow at the American Enterprise Institute. He studies social security reform, pensions and public sector benefits. Before joining AEI, Biggs was the principal deputy commissioner of the Social Security Administration.Monique Morrissey is a Senior Economist at the Economic Policy Institute. Her areas of expertise span social security, pensions, older workers and household savings. A member of the National Academy of Social Insurance, Monique is active in efforts to reform the private retirement system.Will millions of us never be able to stop working?Is social security actually on the verge of collapse?How much should we be panicking?Before we get started, economists think about retirement as a three-legged stool: social security, employer retirement accounts, and personal savings or other assets. We'll talk about all three legs, how shaky they are, and whether or not the U.S. government needs to fold up a napkin and jam it under one or two of them. ;)Since the 1970s, there has been a national shift away from defined-benefit plans or “DB Plans,” such as pensions, in which employers funded and guaranteed a retirement benefit for their workers. We started seeing a lot more defined-contribution (“DC Plans”) such as 401(k)s, where workers primarily fund their own accounts, and employers can match contributions - or choose not to. This episode is moderated by Catherine Cushenberry.What did you think about this episode? Email us at podcast@thedisagreement.com. You can also DM us on Instagram @thedisagreementhq.
Andrew Biggs sits down with Gray MacKenzie of ZenPilot to explore the role of project management software in scaling businesses. Gray shares advice on how tools like ClickUp can streamline operations, increase team efficiency, and improve accountability. They discuss the importance of balancing clarity and flexibility in managing tasks and projects, and the challenges entrepreneurs face when implementing new systems. Whether you're a seasoned business owner or just starting out, this conversation offers strategies to optimize your workflow and drive growth. Chapters 00:00:00 - Introduction: The Importance of Accountability in Teams 00:00:29 - Welcome to the Better Than Rich Show 00:00:34 - Meet Gray McKenzie: Founder of ZenPilot 00:01:36 - Why ClickUp Stands Out 00:02:57 - Gray's Global Journey and ZenPilot's Success 00:04:22 - When to Consider Project Management Software 00:08:29 - How ClickUp Can Transform Your Workflow 00:12:45 - Real-World Examples: Using ClickUp for Podcast Production 00:18:34 - The 135 Formula for Project Management 00:25:47 - Introduction to the Four Habits 00:26:00 - Daily Spot Check and Weekly Roundup 00:27:34 - Monthly Review and Quarterly Analysis 00:28:24 - Manual Steps and Automation 00:29:05 - Implementing ClickUp in Your Team 00:35:50 - Advanced ClickUp Integrations 00:40:33 - Why Hire ZenPilot? 00:44:52 - Philosophy and Personal Insights 00:49:52 - Conclusion and Contact Information Connect with Gray here: Gray on LinkedIn ZenPilot Book Recommendations: The E-Myth Revisited by Michael E. Gerber Built to Sell by John Warrillow The Hard Thing About Hard Things by Ben Horowitz EOS Books - The Traction Library Connect with The Better Than Rich: Get Your Free Delegation Plan - Better Than Rich BTR Mini-Course Website Facebook Instagram Twitter TikTok
In the middle of the Great Depression, President Franklin Roosevelt spearheaded the creation of Social Security, forever changing the US retirement system and how Americans think about long-term savings. Only a few pensions existed at the time, and Social Security was the first government-backed program to provide for the basic welfare of all seniors. The retirement landscape in the US—and around the world—has no doubt undergone massive change since the days of FDR. DC plans have significantly improved the retirement outlook, and an estimated 54.3% of American families now participate in some form of retirement plan such as a 401(k) or IRA, according to a 2022 survey by the Federal Reserve. Meanwhile, seniors still rely on Social Security payments, yet the Congressional Budget Office has forecast that Social Security's Old-Age and Survivors' Insurance Trust Fund will be depleted in 2033. Building retirement security for generations to come will require not only a solution to the Social Security funding crisis, but continued support for the broader retirement savings system. Are changes coming to the US retirement age, tax deductions, or other government policies? In this episode, The Outthinking Investor speaks to three experts about retirement readiness, how governments and employers alike help workers save for retirement, and policy prescriptions for the challenges that lie ahead. Our guests are Dennis Simmons, Executive Director of the Committee on Investment of Employee Benefits Assets (CIEBA); Andrew Biggs, a senior fellow at the American Enterprise Institute and former Deputy Commissioner of the Social Security Administration; and Mike Miller, Head of PGIM DC Solutions. To hear more from PGIM, tune into our new podcast, Speaking of Alternatives, hosted by Eric Adler, President and CEO of PGIM Private Alternatives. Speaking of Alternatives is available on Spotify, Apple, Amazon Music, and other podcast platforms. Explore our entire collection of podcasts at PGIM.com.
In this podcast episode, Andrew Biggs, an expert in retirement economics, discusses the perceived retirement crisis in America, challenging the notion by presenting data on Social Security and private retirement savings. He argues that Americans are generally better prepared for retirement than commonly believed, emphasizing the substantial wealth embodied in Social Security benefits and the improvement in retirement plan structures over time.
Retirement is a big issue in America today, as more and more of our workforce ages out. But what do the retirement prospects look like for many of our seniors? Andrew Biggs from American Enterprise Institute joins Boyd to have a real discussion about retirement and what we need to know about the actual facts and what the data tells us about American retirement savings. More people are working later in life and delaying social security. However it is a small number who are claiming a retirement crisis, despite what society says.
What impact could abolishing your 401K have on your retirement savings? Josh takes a look at the contentious debate over 401K plans and their future in retirement planning. He delves into a controversial proposal suggesting the elimination of tax advantages for 401K plans to enhance Social Security funding by economist Alicia Munnell and Andrew Biggs, a senior fellow at the American Enterprise Institute. With a critical eye, he explores the implications of such changes on middle-class savers and dissects their presented arguments. Then, Josh shines a light on the inflation of cereal prices, offering insights into consumer behavior and market trends in the face of rising costs. For a deeper dive into the discussion on 401K plans and Social Security, check out this article: The Case Against 401K and IRA Retirement Tax Breaks. Can't get enough of the Financial Quarterback? Click 'Subscribe' to ensure you never miss a play. New episodes touchdown right here! And if you're loving the playbook, drop us a 5-star rating and leave a review. Your feedback drives the game!
Join Boyd to talk about what waning trust in institutions means for our nation. Andrew Biggs from AEI joins the show to dive deeper into social security reform. Coleman Hughes talks to Boyd about the origins of his book The End of Race Politics: Arguments for a Colorblind America and what he hopes to see in the future. Get an update on President Bidens SAVE plan and the state of the new Ukraine bill. Reflecting on Americas 250th anniversery and More!
If nothing changes, the majority of people who are paying into the social security program now will never see the benefits from it. The program will start seeing cuts within 10 years. Something needs to change, and very few are having the right conversations about what needs to be done. How can we have a serious discussion regarding Social Security? And what are the smart changes that need to happen if people are going to continue to see those benefits? Andrew Biggs from AEI joins Boyd to have the important conversation.
Andrew is a husband and father of two, a business owner, a coach, and co-host of the Better Than Rich podcast. In our conversation we discuss the idea of finding intentional space, how he's a recovering chameleon, living authentically, the ongoing journey of self-discovery, creating intimacy, and Andrew shares some tips for being more vulnerable with your partner. Website: https://www.betterthanrich.com/ LinkedIn: https://www.linkedin.com/in/andrewmbiggs/
Andrew Biggs Explains Why There is Really Is No Retirement CrisisIn an environment where Americans are repeatedly told by mainstream media that they are facing a serious retirement savings crisis because they aren't saving enough, there's one person who repeatedly stands up to refute these claims.Andrew Biggs, Senior Fellow at the American Enterprise Institute and a former Deputy Commissioner of the Social Security Administration, explains why he thinks most Americans probably are indeed saving enough for retirement, and how what he says are “flawed” calculations exaggerate the shortfall of Social Security's retirement income replacement rate.SEE ALSO:• Biggs: Social Security Exaggerates Shortfall of Retirement Income Replacement Rate
In this episode of The Better Than Rich Show, Andrew Biggs invites fitness professional Ashley Randall for a deep dive into the world of fitness, health, and personal growth. Ashley shares her unique perspective on the importance of sustainable lifestyle changes, the role of sleep, nutrition, and regular exercise, and the need for personal reflection. She emphasizes the significance of staying in one's lane and focusing on what's best for oneself or one's family. They also touch on the challenges of the modern fitness industry and the importance of making conscious choices in our daily lives. Topics Covered: 00:00:00: Exploring Differences in Lifestyle: California vs. Denver 00:05:21: A Surprise Invitation to Run with Jesse 00:08:37: Decoding the Maze of Health and Fitness Options 00:16:11: Embodying Your Future Self for Personal Growth 00:23:12: The Crucial Role of Exercise in Aging Well 00:26:43: Enhancing Sleep Patterns for Optimal Productivity 00:35:43: Balancing Hormones and Building Strength for Better Health 00:42:17: Leveraging New Environments for Personal Growth and Change 00:46:03: Navigating the World of Online Dating: A Hinge Experience 00:52:31: Overcoming Trust Issues and Embracing Protective Instincts 00:56:22: Connect with Ashley Randall on Instagram for Free Fitness Insights and Consultations Connect with Ashley: Ashley Randall Fitness Instagram Facebook LinkedIn Smash Talk Podcast Connect with The Better Than Rich: BTR Mini-Course Website Facebook Instagram Twitter TikTok YouTube Linkedin --- Send in a voice message: https://podcasters.spotify.com/pod/show/betterthanrichshow/message
On this episode of The Better Than Rich Show, Andrew Biggs and Mike Abramowitz interview Matt Dinkhahn, a CEO coach. They discuss the importance of mindset, self-reflection, and personal growth. Matt emphasizes the power of stillness in developing emotional intelligence, and shares three exercises for self-reflection. He also stresses the value of having a coach, and shares his tips on journaling and cultivating gratitude. Throughout the episode, Matt shares personal stories and anecdotes that illustrate his points, and offers practical tips and strategies for listeners to apply in their own lives.Topics Covered:00:01:10 High-level CEO coach shares insights on adversity, change, family, and positivity.00:03:24 Guest on the show gives compliments and a plug for a great company00:07:39 Finding inspiration in father's journal for pro golf mission.00:09:31 Leaving corporate job for entrepreneurship and values00:14:56 Developing emotional intelligence through the power of stillness00:16:16 Overcoming challenges with traditional methods and a process-driven approach00:20:31 Three exercises for self-reflection and predicting future outcomes00:21:42 Shifting to positivity and focusing on consequences00:22:45 Importance of having a coach to learn to empower others00:27:22 Achieving inner peace with a three-part equation00:28:57 Importance of gratitude and curiosity for a positive mindset00:33:55 Finding inner peace and happiness through coaching and journaling00:36:27 Staying positive in a difficult world with eternal optimism00:38:52 Changing mindset and surroundings for personal improvement.00:40:01 Progress comes from practice, not perfection00:42:56 Recommended book for entrepreneurs: Simple Numbers Straight Talk Big Profits00:45:04 Upcoming book on eternal optimism from the speaker00:47:45 Mastermind course and other connections for personal and professional growthBooks Mentioned:Simple Numbers, Straight Talk, Big Profits!The Gap and the GainConversations Worth HavingConnect with Matt here:The Eternal Optimist PodcastLinkedInFacebookYouTubeCoaching WebsiteConnect with The Better Than Rich:BTR Mini-CourseWebsiteFacebookInstagram
Republicans in the House recently struck a deal with the Biden administration to raise the debt ceiling. But Washington debates over discretionary spending shouldn't overshadow the hard conversations we need to have about America's entitlement spending. Andrew Biggs joins this episode of Political Economy to discuss his ideas for Social Security reform.Andrew is a senior fellow here at the American Enterprise Institute, where he studies Social Security reform, state and local government pensions, and public sector pay and benefits.
The first hour of today's show begins with Mark reacting to Matt Walsh's “What's a Woman?” film. Then, Andrew Biggs joins the show to discuss social security reform. The hour ends with Mark asking why the left always wants to return to systemic racism.
In this episode of The Rising Leader podcast, Alex Kremer and Andrew Biggs explore personal and professional growth, emphasizing the importance of maintaining an achievement-oriented mindset while being mindful of the dangers of basing self-worth on competition and appearance. They encourage listeners to examine their belief systems, establish a clear vision and identity, and find their purpose. The episode also addresses the significance of meaningful impact, community, and surrounding oneself with supportive individuals. In This Episode, You'll Learn:00:00:00 Unleashing Potential: Rising Leader Podcast Journey Begins00:03:32 Embracing an Achievement Mindset for Success in Business and Life00:05:51 Escaping the Exhausting Cycle of Competing for Self-worth00:08:10 Appearance, Achievement, and Character: A Reflective Perspective00:10:36 Redefining Self-worth through Belief Systems and Adding Value00:15:00 From Coolness to Personal Goals: Navigating Life's Pressures00:16:41 Sales, Love, Money, and the Reflection on Life's Aspects00:19:37 Vision and Identity: Key Elements of Personal Transformation00:20:40 Discovering Purpose and Vision for a Fulfilling Life00:23:26 The Importance of Clarity and Direction as We Age00:28:01 Apprenticing in Life: Embracing Growth and Learning00:30:44 Challenging the Illusion of Comfort for True Progress00:34:32 Supercell's Insights: Meaningful Impact and Community for High Achievers00:37:48 Finding Like-minded Community: An Essential Element for Success00:39:35 Episode Feature: Automate, Delegate, Systemize Your BusinessConnect With Andrew here:LinkedInMini-CourseBetter Than Rich Website Thanks so much for joining us this week. Want to subscribe to The Rising Leader? Have some feedback you'd like to share? Connect with us on iTunes and leave us a review!Mentioned in this episode: The Arise Immersion
On this episode of The Better Than Rich Show, Andrew Biggs and Mike Abramowitz interview Matt Dinkhahn, a CEO coach. They discuss the importance of mindset, self-reflection, and personal growth. Matt emphasizes the power of stillness in developing emotional intelligence, and shares three exercises for self-reflection. He also stresses the value of having a coach, and shares his tips on journaling and cultivating gratitude. Throughout the episode, Matt shares personal stories and anecdotes that illustrate his points, and offers practical tips and strategies for listeners to apply in their own lives. Topics Covered: 00:01:10 High-level CEO coach shares insights on adversity, change, family, and positivity. 00:03:24 Guest on the show gives compliments and a plug for a great company 00:07:39 Finding inspiration in father's journal for pro golf mission. 00:09:31 Leaving corporate job for entrepreneurship and values 00:14:56 Developing emotional intelligence through the power of stillness 00:16:16 Overcoming challenges with traditional methods and a process-driven approach 00:20:31 Three exercises for self-reflection and predicting future outcomes 00:21:42 Shifting to positivity and focusing on consequences 00:22:45 Importance of having a coach to learn to empower others 00:27:22 Achieving inner peace with a three-part equation 00:28:57 Importance of gratitude and curiosity for a positive mindset 00:33:55 Finding inner peace and happiness through coaching and journaling 00:36:27 Staying positive in a difficult world with eternal optimism 00:38:52 Changing mindset and surroundings for personal improvement. 00:40:01 Progress comes from practice, not perfection 00:42:56 Recommended book for entrepreneurs: Simple Numbers Straight Talk Big Profits 00:45:04 Upcoming book on eternal optimism from the speaker 00:47:45 Mastermind course and other connections for personal and professional growth Books Mentioned: Simple Numbers, Straight Talk, Big Profits! The Gap and the Gain Conversations Worth Having Connect with Matt here: The Eternal Optimist Podcast LinkedIn Facebook YouTube Coaching Website Connect with The Better Than Rich: BTR Mini-Course Website Facebook Instagram Twitter TikTok YouTube Linkedin --- Send in a voice message: https://podcasters.spotify.com/pod/show/betterthanrichshow/message
This Vet Times Extra Podcast sees Paul Imrie speaking with Andrew Biggs of The Vale Veterinary Group and Kath Aplin from Boehringer Ingelheim Animal Health about targeted mastitis therapy. The podcast is sponsored by Boehringer Ingelheim, who bring us Ubropen, Ubrolexin and Metacam. We're going to talk about how mastitis treatment has changed over the years, what affects cure rates and we'll discuss the pros and cons of a targeted mastitis therapy approach using on-farm culture. Treating cows with mastitis is one of the most common reasons for using antibiotics on dairy farms, so it's a highly relevant topic for any vet involved with dairy work. ______________________
On this episode of the Better Than Rich Show, hosts Andrew Biggs and Mike Abramowitz team up with Kyle Reedstrom to discuss the concept of passive income and how to manage it effectively. They suggest starting with personal cash flow management before diving into more complex investment strategies. The team also discusses different options for generating passive income such as real estate investments and creating multiple streams of income, and how to mitigate risks involved in these investments. Additionally, they explore ways for overwhelmed entrepreneurs to invest smaller amounts of capital through dollar cost averaging models. Overall, this episode offers practical insights into how to build passive income streams and make intentional financial decisions. Topics Covered: 00:00:00: Creating a family budget and organizing spending 00:04:20: Finding fulfillment beyond engineering 00:10:37: Reverse engineering and scaling for business growth 00:14:09: Transitioning from active to passive tour businesses and exploring multiple income streams 00:17:52: Teenage entrepreneur makes bank hosting parties without drinking or smoking 00:19:56: Building passive income intentionally with personal cash flow 00:21:51: Budgeting for financial freedom 00:23:52: Managing expenses intentionally and avoiding lifestyle creep 00:25:42: Checking bank balances for budgeting and spending habits 00:29:41: Finding niches in your genius to make money 00:31:44: Focusing on building bridges and scaling success 00:36:18: Ten entities in the real estate industry that pay monthly 00:40:25: Starting a coaching business: expectations vs. reality 00:43:13: Motivation for achieving passive income as a family man with multiple income streams 00:45:41: Absence of family legacy and importance of diversifying income 00:47:32: Being better than rich: impact and time freedom Books Mentioned: Rich Dad Poor Dad The 4-Hour Workweek The Gap and The Gain Happy Money Connect with Kyle Reedstrom: LinkedIn Website Connect with The Better Than Rich: BTR Mini-Course Website Facebook Instagram Twitter TikTok YouTube Linkedin --- Send in a voice message: https://podcasters.spotify.com/pod/show/betterthanrichshow/message
In this episode of the Better Than Rich Show, hosts Andrew Biggs and Mike Abramowitz interview Phillip Stutts about the importance of understanding your customer before creating marketing materials. Phillip emphasizes the need to gather data on demographics and psychographics to effectively target your audience. He also expresses concerns about the long-term impact of artificial intelligence in marketing. The hosts and Phillip conclude by discussing the importance of authenticity and happiness over material wealth. Topics Covered: 00:00:00 Phillip Stutts discusses data-driven decision making with top national personalities 00:03:51 The effectiveness of negative ads in politics 00:05:28 The use of data in political advertising 00:08:59 Tracking data and consumer behavior extrapolation in the US 00:10:12 The importance of using data and AI in marketing budgets 00:12:24 AI technology options for small business owners 00:14:32 The cost of collecting and matching data for IP addresses 00:16:05 The importance of understanding customers before building a website or ad 00:19:29 A comedian buys a club and performs daily for two years 00:20:56 Insights into winning political campaigns and a five-step marketing system 00:26:24 Confidently spending $100 million on an ad 00:33:20 42,000 votes decided the election in three states 00:37:41 Marketers ruined empathy, but this entrepreneur wants to bring it back 00:34:10 The popularity and diversity of AI chatbots 00:40:00 Praise for the author's storytelling skills and a question on being better than rich Connect with Phillip: WebsiteLinkedIn YouTube Podcast Books Mentioned: The Untethered Soul The MeatEater Fish and Game Cookbook American Buffalo Connect with The Better Than Rich BTR Mini-Course Website Facebook Instagram Twitter TikTok YouTube Linkedin --- Send in a voice message: https://podcasters.spotify.com/pod/show/betterthanrichshow/message
Andrew Biggs is a senior fellow at the AEI, where he studies Social Security reform, pensions, and public sector pay and benefits.Andrew joins Phoebe and Robert to discuss Social Security solvency, privatizing Social Security, introducing minimum benefits, and implementing mandatory retirement-plan coverage and participation.
In this episode of the Better Than Rich Show, hosts Andrew Biggs and Mike Abramowitz speak with Connor Beaton, founder of ManTalks and an experienced life coach. They discuss the challenges that boys face in today's society and the importance of fathers in encouraging risk-taking and developing grit and determination. Connor also addresses the misconception that advocating for boys and men means being anti-women, and shares insights on how self-leadership can be role-modeled from a young age. This episode offers valuable insights into how we can support the development of strong, self-leading men in our society. Topics Covered: 00:00:00 - Introduction to Better Than Rich Show with Connor Beaton on Self Leadership and Modern Masculinity 00:02:31 - Personal Growth Through Reading 00:04:04 - Motivation Behind Helping Men Discover Real Masculinity 00:06:21 - Lack of Male Role Models in American Society 00:07:00 - Stripped Away: A Man's Journey From Infidelity to Living in His Car 00:11:02 - Men's Mental Health: Contributing Factors and Solutions 00:14:37 - The Strength in Confronting Our Struggles: A Call for Men to Break the Rule 00:16:57 - The One Rule for Men: Don't Talk About It 00:19:03 - The Struggle of Masculinity in Domestic Life 00:24:33 - Insightful Statistics on the Boy Crisis and the Importance of Self Leadership 00:25:38 - Raising Boys into Men and Advocating for Both Genders 00:27:49 - Join Our Five Day Mini Course to Learn the Power of Automation and Delegation for Business Systems 00:31:35 - Teaching Sons Basic Survival Skills in the Wilderness 00:32:50 - Encouraging Risk-Taking in Sons: Importance of Fathers' Role 00:37:04 - Teacher Deals with Boys' Excitement Over Slide, Prepares for Talk about Porn 00:40:59 - The Shadow: Understanding the Part of You That You Keep Hidden 00:42:01 - Understanding the Unconscious Snag That Sabotages Our Goals: The Shadow 00:44:20 - Book Review: A Practical Guide for Men to Integrate Concepts and Take Action 00:46:04 - Working Through Childhood Rivalry with My Sister: A Therapeutic Journey Connect With Connor: Website LinkedIn Podcast Email Connor Here Get his book Here Books Mentioned: Of Boys and Men The Boy Crisis Awareness The Wisdom of Insecurity Oryx and Crake The Palgrave Handbook of Male Psychology and Mental Health Connect with The Better Than Rich BTR Mini-Course Website Facebook Instagram Twitter TikTok YouTube Linkedin --- Send in a voice message: https://podcasters.spotify.com/pod/show/betterthanrichshow/message
American Enterprise Institute senior fellow Andrew Biggs joins Allison Schrager to discuss Social Security's flaws, the tradeoffs required to rework the program, and the role of private accounts in American retirement saving.
On the Better than Rich Show, hosts Mike Abramowitz and Andrew Biggs interview Matt King, founder of a successful US-based company with international team members. The conversation covers topics such as finding the right fit for job positions, hiring international team members, and the importance of personality assessments in building effective teams. Matt shares his experience and insights on hiring and creating a happy and productive workforce. The episode ends with three questions to help listeners gain valuable insights into what the world needs, investing in personal growth, and building effective teams. Overall, this episode offers valuable insights for anyone looking to build successful businesses while prioritizing employee happiness and productivity. Topics Covered: 00:00:00 Wired For Success: Religion And Mentoring 00:02:48 Reuniting With Mentor Matt King 00:07:44 Unlocking Potential In Coaching Baseball 00:10:02 Strengths Identification And Positive Thinking 00:13:41 Exploring Personality And Core Values In The Workplace 00:15:10 Hiring Employees Who Enjoy Their Job In A Process-driven Company 00:19:44 Complimentary Colleagues And Team Dynamics 00:23:45 Five Day Mini Course On Automation And Delegation For Entrepreneurs 00:25:11 Job Satisfaction Through Hiring The Right People 00:29:29 Achieving Business Success Through Experience And Clarity 00:32:51 Affordable Healthcare For Employees Can Change Lives 00:35:13 Investing In Personal Coaching For Leadership Growth 00:41:39 Direct Payment For Services Leads To Referrals Connect with Matt King: LinkedIn Blue Chip Maintenance Books Mentioned: The Go-Giver Think and Grow Rich As a man Thinketh Connect with The Better Than Rich BTR Mini-Course Website Facebook Instagram Twitter TikTok YouTube Linkedin --- Send in a voice message: https://podcasters.spotify.com/pod/show/betterthanrichshow/message
This week on Facing the Future, we hear from Andrew Biggs, Senior Fellow at the American Enterprise Institute. In a recent Op-Ed for the Washington Post entitled "Biden Once Cut Social Security. Now, He Can Save It" Biggs argues that both Republicans and Democrats need to stop making empty promises not to touch Social Security retiree benefits if they're unwilling to pay higher payroll taxes to fund them. And we also hear from Concord Coalition chief economist Steve Robinson on how the federal government might still be able to cut Social Security checks even when it hits the debt limit and can't borrow any more money.
This week on Facing the Future, we hear from Andrew Biggs, Senior Fellow at the American Enterprise Institute. In a recent Op-Ed for the Washington Post entitled "Biden Once Cut Social Security. Now, He Can Save It" Biggs argues that both Republicans and Democrats need to stop making empty promises not to touch Social Security retiree benefits if they're unwilling to pay higher payroll taxes to fund them. And we also hear from Concord Coalition chief economist Steve Robinson on how the federal government might still be able to cut Social Security checks even when it hits the debt limit and can't borrow any more money.
President Biden has made it clear that he will oppose any cuts to Social Security. But back in 1983 and in 2012 Joe Biden was a key player in cuts to Social Security. With the entitlement program going bankrupt in 10 years... Andrew Biggs from AEI says President Biden has the opportunity to be like President Reagan in 1983 and make Social Security solvent again. See omnystudio.com/listener for privacy information.
Welcome to Better Than Rich, a podcast where hosts Andrew Biggs and Mike Abramowitz invites inspiring guests to discuss how to find and fulfill our highest purpose in life. In this episode, Andrew speaks with Michael Diamond about the journey of life and the importance of accountability, natural health, personal growth, and family. They explore the power of connection to God and how it can help us find our purpose, and dive into how men can regain their lover energy in a culture where sex is everywhere. They also discuss the nervous system and how it can be optimized for better health and well-being. This show will remind you that what you do matters and will inspire you to chase your highest dreams. Tune in for an uplifting conversation about living a purposeful life and becoming Better Than Rich! Topics Covered: 00:00:00 - Igniting Change: How Ignite The King and Live Wellness Centers are Transforming Lives 00:02:18 - Pursuing Your Dreams: Insights from Michael, Founder of IgKnight The King 00:06:18 - The Key to Happiness: How Self-Improvement Leads to a Fulfilling Life 00:11:10 - Accountability and Perseverance: Lessons from Successful Entrepreneurs 00:16:24 - Exploring Emotions and Connection: Navigating the Human Experience 00:19:16 - Overcoming Isolation: Finding Support and Connection in a Digital Age 00:27:36 - Rekindling Relationships: A Guide for Men to Regain Lost Lover Energy 00:29:20 - Beyond Physicality: Understanding the Eight Types of Love 00:33:24 - Somatic and Self-Awareness: Developing Clarity and Emotional Intelligence 00:37:08 - The Poetry of Life: Reflections on Spirituality and Connection 00:40:28 - The Magician Archetype: Seeing the Bigger Picture and Finding Purpose 00:44:51 - The Power of Legacy and Giving: Making a Positive Impact on the World 00:49:32 - A Hero's Journey of Faith and Trust: Leaving California to Pursue a Higher Calling 00:51:00 - Connecting to a Higher Intelligence: Tapping into the Power of the Universal Heart 00:55:51 - Becoming a Better Person: Fulfilling the World's Greatest Need through Self-Improvement Links and Resources: IgKnight the King Facebook IgKnight the King Website Michael Diamond on Instagram Connect with The Better Than Rich Website Facebook Instagram Twitter TikTok YouTube Linkedin --- Send in a voice message: https://anchor.fm/betterthanrichshow/message
Welcome to the Better Than Rich Show with Mike Abramowitz and Andrew Biggs! Today, we are excited to welcome Kasim Aslam, a seasoned entrepreneur who has achieved great success in the business world. Kasim's journey to success is truly inspiring, and in this episode, he shares the tips and tricks he used to build and grow his company, including how he freed up time to be with his family and removed himself as the bottleneck from his business. Kasim will also dive into the importance of automation and delegation, and how to find the right people for your team. But that's not all - Kasim will also reveal his life and parenting principles that have helped him balance work and family. So, get ready to take notes and learn from one of the best as we dive into this episode of the Better Than Rich Show. Don't forget to tune in and join us on our journey to financial freedom! Topics Covered: 00:00:00 - Unleashing Your Potential: Strategies To Help Entrepreneurs Regain Control Over Their Time 00:04:03 - The Pareto Principle: Unlocking 80% Of Your Results with 20% Of Your Efforts 00:07:47 - Navigating the World of Entrepreneurship and Digital Marketing: An Insightful Discussion 00:12:16 - Reaching Your Target Audience for Optimal Payroll Processing Outcomes 00:14:14 - Finding Your Niche as a Parent Coach and Making a Difference in Parents' Lives 00:20:18 - Double-clicking Your Way to Success: The Importance of the Corridor Principle for Entrepreneurs 00:26:32 - Hiring Smart and Firing Fast: The Key to Effective Management Strategies 00:32:50 - Maximizing Your Profits through Offshore Resources and Global Partnerships 00:34:10 - Finding True Partners in a Global Market: The Power of Building Strong Relationships 00:41:23 - Cracking the Code: Working with A Global Workforce 00:48:40 - The Transformative Power of Jordan Peterson's Rules for Life 00:49:48 - Emergency Preparedness: Essential Resources, Threats, and Oddities 00:58:26 - Questioning Everything: An Entrepreneur's Mantra for Life 01:00:55 - The Rules are Clear: Reflections on Sharing Notes and Collaborating with Others 01:04:12 - Sacrificing Hierarchical Truth for Multiculturalism: Embracing Diversity in Today's Global Landscape Links and Resources: Kasim's Website LinkedIn Solutions 8 Extra BTR show notes Connect with The Better Than Rich Website Facebook Instagram Twitter TikTok YouTube Linkedin --- Send in a voice message: https://anchor.fm/betterthanrichshow/message
In this episode of The Better than Rich Show, hosts Mike Abramowitz and Andrew Biggs welcome Josh Painter as their guest. The conversation revolves around the importance of leadership and development in becoming a top performer in sales and performance. Josh shares his unique philosophy of training someone so well that they can replace you, but treating them so well that they never want to leave. He also highlights his charity project, goal workshops, and how he helps people connect with their true desires. Josh recounts his journey from being a real estate agent in 2008 to creating over a billion dollars in real estate. He shares his personal experience of becoming a father at a young age and navigating through survival mode. Josh emphasizes the importance of putting in hours and experience to learn something new, and encourages listeners to become their best version ever. Topics Covered: 00:00:00 Unleashing Billion-Dollar Potential: Josh Painter's Real Estate Story 00:02:16 Navigating Success: Overcoming Early Challenges and Achieving a Billion-Dollar Business 00:04:41 Building a Billion-Dollar Real Estate Empire 00:08:33 Invest in Your Dreams with a Dream Manager 00:11:13 Workshop Success: The Importance of Vision Boards 00:12:38 Choosing Your Best Life: The Power of Choice 00:15:42 Breaking Free from Stagnancy 00:17:11 Young Adults: Start Early to Avoid a 5-Year "Jail Sentence" 00:24:43 Discovering Your Path to Success: Josh's Playbook 00:28:46 Achieving Balance at 38: Starting a Charity and Strengthening Relationships 00:31:55 Family First: Balancing Work and Family Life 00:33:33 Discovering Inner Peace: Unlocking The Power Of A Spiritual Awakening Links and Resources: Connect with Josh Website Best Version Ever Book LinkedIn Instagram Sacred Commerce: Business as a Path of Awakening The Rhythm of Life: Living Every Day with Passion & Purpose The Dream Manager The Untethered Soul: The Journey Beyond Yourself Connect with The Better Than Rich Website Facebook Instagram Twitter TikTok YouTube Linkedin --- Send in a voice message: https://anchor.fm/betterthanrichshow/message
In this episode of the Better than Rich Show, Andrew Biggs and Mike Abramowitz welcome special guest Alyce Dailey, also known as the Magic Mom. Alyce shares her inspiring story of how she and her husband Seth entered the personal growth industry and eventually transitioned into the world of real estate. She candidly discusses the unique challenges that mothers face today, such as guilt when working outside the home or when making decisions about their children's extracurricular activities. Alyce also shares her personal experience of sending her 14-year-old daughter to participate in a fire walk, and encourages moms to be kind to themselves and to create a safe space for open and non-judgmental conversations. Alyce also provides valuable insights on how she has systematized her life and business, and how she has built communities for entrepreneurial mothers. Lastly, she stresses the importance of taking initiative and taking calculated risks, even if it doesn't involve starting one's own business. Topics Covered: 00:00:00 - Welcome to the Better Than Rich Show with Alyce Daily 00:04:34 - Discovering the Personal Growth World: The Impact of Jim Rohn and Tony Robbins 00:07:16 - Leading by Example: The Key to Raising Successful Kids 00:10:52 - The Entrepreneurial Spirit of Motherhood 00:12:36 - Navigating the Challenges of Motherhood: Overcoming Guilt and Defining Success 00:17:14 - Modeling Happiness for Kids: The Importance of Living a Fully Lived Life 00:20:31 - Self-Care as Maintenance: The Power of Grace 00:23:35 - Modeling Maintenance and Luxury for Future Generations 00:26:34 - Be a Table Builder: Finding Your Seat at the Table 00:31:26 - The Pursuit of Happiness: Empowering People to Take Responsibility for Their Own Happiness 00:37:53 - The Impact of Birth Order on Parenting 00:40:18 - The Benefits of Being a Different Parent for Each Child 00:41:49 - Living and Dying for Your Child: A Reflection on Busyness and Emptiness 00:45:20 - Choosing to Stay: Overcoming Feelings of Burnout and Stagnation 00:48:43 - The Opposite of Selfish: Reframing a Mother's Perspective Links and Resources: Alyce Dailey Website Alyce Dailey LinkedIn Alyce Dailey Instagram Alyce Dailey Twitter The Magic Mom Connect with The Better Than Rich: Website Facebook Instagram Twitter TikTok YouTube Linkedin --- Send in a voice message: https://anchor.fm/betterthanrichshow/message
What is the difference between feminine and masculine energies -- and how can we rebalance polarity in our bodies or personal relationships? Conflicts in any relationship arise when two masculine energies come forward and clash. So, for any relationship to move forward with a clear sense of direction, feminine and masculine energies should nourish and complement each other - but the masculine should always take the lead. In today's episode, host Andrew Biggs sits down with David Lea to discuss trauma-informed healing and how a better understanding of masculine and feminine energies leads to better relationships. David is a leadership, life, and relationship coach on a mission to serve and support high-achieving professionals to optimize their purpose & passion in life and relationships. He uses trauma-informed polarity coaching to help men and women discover transformational healing to reveal extraordinary relationships. Topics Covered 00:00 Introduction 02:17 The reason for conflict in all types of relationships 06:44 Why there is no such thing as partnerships 07:50 Living life through a masculine-feminine lens 11:32 Understand the wounded masculine and feminine energies 13:32 David's definition of trauma 15:02 Can trauma be passed down from one generation to the next? 19:00 Love your trauma to heal your trauma 23:34 Why time cannot heal deep wounds 26:20 The modern confusion around masculine and feminine energies 31:06 Men and women should embrace their masculine and feminine energies 33:04 How to rewrite the story of an unhealthy relationship 36:43 Asking for help is the only road to healing 40:53 Why healing is the best thing you could do for your kids 46:20 Closing quick-fire questions 47:36 David's definition of better than rich 48:52 Parting thoughts Links and Resources David's Instagram - https://www.instagram.com/daringdeeplycoaching/ David's Website - https://daring-deeply.com/ The Body Keeps the Score: Brain, Mind, and Body in the Healing of Trauma by Bessel van der Kolk M.D. - https://www.amazon.com/Body-Keeps-Score-Healing-Trauma/dp/0143127748 Claim Your Power by Mastin Kipp Connect with The Better Than Rich Website Facebook Instagram Twitter TikTok YouTube Linkedin --- Send in a voice message: https://anchor.fm/betterthanrichshow/message
BRN Weekly | Planning that Side Hustle Before or During Retirement, The Retirement Crisis is a ‘No-Show', Lowering college tuition and What Federal Employees Need to Know Before Retiring | Kathy Kristof, Andrew Biggs, Betsy Mayotte and Rachel Fishman and Jeff Boettcher | Tunein: broadcastretirementnetwork.com or your favorite streaming / podcast / smarttv platform
Are you ready to create the life of your dreams where you don't just experience financial success but true fulfilment instead? Well the truth is, who you spend time with is who you'll become. Now is the time to join over 300 ambitious entrepreneurs from all throughout the world in our exclusive mastermind program and community. Learn more about this elite group of entrepreneurs and apply to join the movement at The Better Than Rich Show | Facebook
Andrew Biggs is an international sales coach for top performers in multiple industries, and founder of Better Than Rich, whose mission is to change the world for the better by providing tools and ideas to leaders throughout the world. Andrew was a star Cutco rep who became a National Champion Branch Manager with Vector Marketing. After leaving Vector, he directly managed a team of 1500 people in the mobile gaming industry, responsible for operations for 6 of the highest-grossing apps on the Apple App Store, all before the age of 30. Today, Andrew is an industry leading expert in leadership and the psychology of performance, and helps any sales leader looking to grow connect to the meaning and purpose necessary to achieve both top-performance and true fulfillment in their lives through his Better Than Rich system. To get access to all episodes and free resources, visit ChangingLivesPodcast.com.
Uber's then-chief executive Travis Kalanick texted fellow executives that “violence guarantees success” when clashes with taxi drivers broke out in 2016 in Paris, a key market for the company. Uber leveraged the violence against its drivers to win sympathy from regulators and the public, as it also did in South Africa where Uber drivers were burned when their cars were set on fire. (This look inside Uber's internal deliberations came from records Uber lobbyist Mark MacGann turned over to the Guardian.)I've been thinking about Uber's capitalist thuggery in light of the corporations underwriting Trump's thuggery, which includes violent groups like the Proud Boys and Oath Keepers that led the attack on the U.S. Capitol. “All hell is going to break loose tomorrow,” Trump former aide Steve Bannon predicted on his radio show on January 5, 2021.Trump's thuggery continues to this day. A phone message received by White House aide Cassidy Hutchinson just before she testified before the January 6 committee warned that someone “let me know you have your deposition tomorrow. He wants me to let you know he's thinking about you. He knows you're loyal. And you're going to do the right thing when you go in for your deposition.”If this sounds like a gangster threat, that's the point. During Hutchinson's earlier depositions before the committee, her legal counsel was paid for by Trump's “Save America PAC” (the PAC paid the legal expenses of other panel witnesses, too. When she realized “she couldn't call her attorney to say ‘Hey, I've got more information'” because the attorney “was there to insulate the big guy,” according to a friend, she secured free counsel who would not inhibit her. Now, after testifying in public, Hutchinson is in hiding. Meanwhile, the “big guy” continues to stir up his mob with lies about stolen elections and secret plots — fueling a new wave of threats against committee members. Several have increased their personal security. Committee Chair Bennie Thompson, co-chair Rep. Liz Cheney, and Rep. Adam Kinzinger have security details; other members have requested them. Kinzinger, one of the panel's two Republican members alongside Cheney, says he's received “constant” death threats. “There is violence in the future, I'm going to tell you,” Kinzinger told ABC. “And until we get a grip on telling people the truth, we can't expect any differently.” Kinzinger has announced he will not be seeking re-election. Cheney has paused participating in public events in part because of safety concerns.Does any of this remind you of Hitler's Brown Shirts or Mussolini's Blackshirts?At the least, it should raise questions about the wealthy individuals and corporations that continue to bankroll this thuggery – among them, billionaires Peter Thiel, Rebecca Mercer, Charles Koch, Home Depot cofounder Bernie Marcus, ex-casino mogul Steve Wynn, and shipping magnate Richard Uihlein.Funding is also coming from Boeing, Koch Industries, Home Depot, FedEx, General Dynamics, Toyota, AT&T, Valero Energy, Lockheed Martin, UPS, Raytheon, Marathon Petroleum, General Motors and FedEx. In April alone (the most recent month for which data is available) Fortune 500 companies and trade organizations gave more than $1.4 million to members of Congress who voted not to certify the election results. AT&T led the pack, giving $95,000 to election objectors.Toyota is even funding Trump ally Congressman Andrew Biggs, a fervent devotee of the Big Lie who refuses to comply with a congressional subpoena to testify before the committee. Six congressmen who have refused to testify have raked in more than $826,000 from corporate donors since the assault on the Capitol.Why are these wealthy individuals and corporations doing this? Presumably because they want to pay as little in taxes as possible and believe Trump and his Republicans will deliver even more tax cuts than they did before. But how is this capitalist thuggery in pursuit of profits different from Uber's thuggery? And is it more excusable than the political thuggery it's enabling? To state the question in historical terms, how different is their behavior from the wealthy European industrialists who quietly backed the fascists in the 1920s and 1930s? These billionaire and corporate funders are as complicit as are the Proud Boys and Oath Keepers in threatening American democracy. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit robertreich.substack.com/subscribe
BRN Weekly | Active Funds Can't Measure Up to Indexes, Inflation May Mute Charitable Donations in 2022 and Beyond, Reducing Your Risk for Dementia and Breaking down Retirement Preparation by Race and Ethnicity | Dr. Riley Moynes, Josh Birkholz, Kelly McCain and Andrew Biggs | www.broadcastretirementnetwork.com
Dr. Andrew Biggs is the former principal deputy commissioner of the Social Security Administration, as well as the former associate director of the White House National Economic Council, where he worked on Social Security reform. He has published widely in academic publications as well as in daily newspapers such as The New York Times, The Wall Street Journal, and The Washington Post. He holds a bachelor's degree from Queen's University Belfast, Master's degrees from Cambridge University and the University of London, and a Ph.D. from the London School of Economics.
En este primer episodio en inglés de #PodcastLaTrinchera, Christian Sobrino dialoga con Andrew Biggs, investigador senior del 'American Enterprise Institute y uno de los miembros originales de la Junta de Supervisión Fiscal. Ambos reaccionan en la conversación a la participación de Andrew en un foro sobre el futuro económico de Puerto Rico celebrado por la Facultad de Gobierno de la Universidad de Harvard, de las virtudes y defectos de las reformas estructurales, el sistema educativo de Puerto Rico, la reforma laboral, el sistema republicano de gobierno y sus posibles debilidades frente a retos sociales. Por favor suscribirse a La Trinchera con Christian Sobrino en su plataforma favorita de podcasts y compartan este episodio con sus amistades.Para contactar a Christian Sobrino y #PodcastLaTrinchera, nada mejor que mediante las siguientes plataformas:Facebook: @PodcastLaTrincheraTwitter: @zobrinovichInstagram: zobrinovich“Ni puede establecerse el reino de la libertad sin el de las costumbres, ni cimentar las costumbres sino sobre las creencias.” - Vizconde Alexis de Tocqueville
1. Secretario de Agricultura despide a la directora de la Autoridad de Tierras. Rivera había detenido los pagos de las asignaciones del FMM emitidas por los legisladores, luego de que se detectó una cuantiosa asignación de fondos a tres corporaciones sin fines de lucro y porque la división de finanzas no estaba corroborando si los desembolsos cumplían con las normas establecidas por el Código de Rentas Internas. 2. Junta Fiscal apela porción del Plan de Ajuste que ordena pagar a los dueños expropiados por el gobierno. Al confirmar el PAD, la jueza Swain resolvió que esos acreedores están protegidos por la Constitución estadounidense. 3. Andrew Biggs dijo que el gobierno no quiere ahorrar ni ajustarse. 4. Y es cierto. Siguen botando dinero los exgobernadores en escoltas. El gasto de escoltas de funcionarios del gobierno y exgobernadores alcanzó los $4.4 millones. No se avergüenzan. 5. Repatrían a 4 dominicanos y 9 haitianos desde el noroeste de Puerto Rico. 6. Derecha de EEUU financió parte de las protestas en Canadá. 7. El presidente de Perú, Pedro Castillo, aseguró este jueves que su gobierno garantiza "seguridad jurídica" y "estabilidad económica", por lo que llamó a los empresarios a invertir en el país, a pesar del convulsionado clima político que atraviesa, informó el periódico La República. Esto, luego de que se conocieran datos alentadores. 8. AMLO ataca a la prensa. 9. Resumen de la semana. Éstas y otras noticias, hoy En Blanco y Negro con Sandra. - - - Este programa se transmite por las siguientes emisoras, y por sus respectivas plataformas digitales, y aplicaciones para dispositivos Apple y Android: 1. Radio Grito 1200AM: Lares 2. Radio Grito 93.3 FM Aguadilla 3. X61 610 AM: Patillas y toda la zona sureste 4. X61 94.3 FM: Patillas-Guayama 5. WLRP 1460 AM Radio Raíces: La voz del Pepino en San Sebastián 6. Cadena WIAC - WYAC 930 AM: Cabo Rojo-Mayagüez 7. Cadena WIAC – WISA 1390 AM Isabela 8. Cadena WIAC - WIAC 740 AM: Área metropolitana 9. Mi Podcast: Anchor, SoundCloud y demás. https://anchor.fm/sandrarodriguezcotto Redes Sociales: FACEBOOK, TWITTER, INSTAGRAM, LINKEDIN · E-mail: Enblancoynegroconsandra@gmail.com · BLOG: http://enblancoynegromedia.blogspot.com --- Support this podcast: https://anchor.fm/sandrarodriguezcotto/support
How does the U.S. retirement system compare with other countries in retiree satisfaction? For all its faults, you'd be surprised.Andrew Biggs, one of the busiest people we know, is a Forbes columnist, a senior fellow at the American Enterprise Institute, and is a member of the Financial Oversight and Management Board for Puerto Rico. He recently took a look at the issue and came away with a number of interesting observations.
In this episode, we will talk to Andrew Biggs. Andrew is an international sales coach for top-performers at Google, Salesforce, SAP, Bloomberg, and Microsoft, helping 6 and 7 figure earners achieve their highest potential. As an industry-leading expert in leadership and the psychology of performance Andrew helps any sales leader looking to grow to connect to the meaning and purpose necessary to achieve both top-performance and true fulfillment in their lives through his Better Than Rich (@betterthan_rich) system. Andrew shares how he's been able to travel the world with his family and how he's overcome hurdles along his journey. We talk about how he has come to experience deep, meaningful connections, unveil and live his purpose, create a powerful vision and to develop the skills required to live an impactful life. Join us as Andrew shares the secrets of how he coaches his clients on living and experiencing the life you've been desiring. Connect with Andrew Biggs Instagram: https://www.instagram.com/andrewmbiggs Website: https://www.betterthanrich.com Connect with Mike Forrester Facebook: https://www.facebook.com/hicoachmike Instagram: https://www.instagram.com/hicoachmike Mentioned in this episode: LFT Facebook Group Ad Are you feeling like no one understands your struggles, that you're isolated and alone? Like no one has your back to support, encourage or celebrate your wins with you? Well, let me personally invite you to join me in the living fearless today facebook group. Hey, we recently launched the group and are open to other men, just like you, who want to know their worth, value and purpose to grow in confidence, find their worth and appreciate their contributions. So if you simply search living fearless today on Facebook and uh, then just click to join us. I look forward to meeting you, seeing your growth and the success you begin to experience in your life within this band of men.
Today's F-Bomb discusses: -Numerous choices don't always lead to better decisions and/or better peace around those decisions. -401k plan participation suffers in direct correlation to complexity of fund choices. -To win with gold, historically it comes down to trading it at the right time over short intervals. Buy and hold has lost to both stocks and bonds over the long-haul -Tax implications of selling a primary residence -Be encouragers of one another -Why we may be doing better than we think we are at saving for retirement -A widow's social security mistake -The difference between transitory and "real" inflation -Why you may still want to allocate a bit to bonds in an inflationary environment Sources: Investopedia, AARP.org, Morningstar's The Long View, Down the Middle Podcast, Andrew Biggs, Deutsche Bank
We’ve been exploring the state of retirement in the United States on The Long View. Last week, we talked with progressive labor economist Teresa Ghilarducci. On this week’s episode, we chatted with Andrew Biggs, resident scholar at the American Enterprise Institute. He is more sanguine about the state of retirement in the U.S., though he is also in favor of some reforms. Andrew is an expert on Social Security reform, state and local government pensions, and public sector pay and benefits. Before joining AEI, Biggs was the principal deputy commissioner of the Social Security Administration, where he oversaw the agency's policy research efforts. In 2005, as an associate director of the White House National Economic Council, he worked on Social Security reform. In 2001, he joined the staff of then-President George W. Bush's Commission to Strengthen Social Security. He holds a bachelor's degree from Queen's University Belfast in Northern Ireland, master's degrees from Cambridge University and the University of London, and a Ph.D. from the London School of Economics.BackgroundBioThe American Enterprise InstituteState of Retirement in the U.S. The Model of Income in the Near Term (MINT)National Retirement Risk Index“Social Security Replacement Rates and Other Benefit Measures: An In-Depth Analysis,” Congressional Budget Office, cbo.gov, April 2019.“How Do Children Affect the Need to Save for Retirement?” by Andrew Biggs, aei.org, Dec. 16, 2019.“Two Decades Ago, Progressives Warned of a Retirement Crisis. It Didn’t Happen,” by Andrew Biggs, forbes.com, May 29, 2020.“Opinion: Here’s Some Good News for Parents Struggling to Save Enough for Retirement,” by Andrew Biggs, marketwatch.com, Jan. 26, 2020.“Improving the Measurement of Retirement Income of the Aged Population,” by Irena Dushi and Brad Trenkamp, ssa.gov, January 2021. “At Last, Some Action on Misleading Retirement Income Statistics,” by Andrew Biggs, aei.org, April 29, 2021.Social Security“Status of the Social Security and Medicare Programs: A Summary of the 2020 Annual Reports,” ssa.gov. “Obama Appoints Social Security Critic to Fix Puerto Rico’s Budget,” by David Dayen, theintercept.com, Aug. 31, 2016. “Social Security Benefits Aren’t Earned If You Didn’t Pay for Them,” by Andrew Biggs, forbes.com, March 12, 2020.“Americans Want to Own Their Retirement, not Expand Social Security,” by Andrew Biggs, realclearmarkets.com, June 19, 2020.“Factcheck: Do 40% of Retirees Rely on Social Security for Their Entire Income?” by Andrew Biggs, forbes.com, Jan. 27, 2020.“PWBM Budget Contest: A Flat Benefit for Social Security,” by Andrew Biggs, budgetmodel.wharton.upenn.edu, Jan. 26, 2021. “Social Security Reform Can Boost the Economy--or Hold it Back,” Andrew Biggs, Washingtonexaminer.com, March 26, 2021.Retirement Savings and DecumulationThrift Savings Plan“How Generous Are Federal Employee Pensions?” by Andrew Biggs, aei.org, Sept. 30, 2011.“Can Retirement Saving Increase Your Debt?” by Andrew Biggs, forbes.com, Jan. 8, 2018.“How Hard Should We Push the Poor to Save for Retirement?” by Andrew Biggs, aei.org, May 6, 2019.“Opinion: Stop Pushing Poor People to Save More for Retirement,” by Andrew Biggs, marketwatch.com, Sept. 12, 2019.“Factcheck: Will Half of Americans Over 55 Retire Poor?” by Andrew Biggs, forbes.com, Oct. 8, 2020.“Follow the Facts: Employer-Based Retirement Savings Are Stronger Than Ever,” by Andrew Biggs, forbes.com, Aug. 21. 2020. “Opinion: Now That Annuities Can Be Part of Your 401(k), Here’s How to Make Them More Palatable,” by Andrew Biggs, marketwatch.com, Jan. 11, 2020.
This week, the podcast revisits a topic I wrote about for The New York Times last month - race and retirement. I’ve written before about how the inequities people of color experience during their working lives spill over into retirement. But during this time of racial reckoning, I wanted to take a deeper dive into the topic.For the Times story, I took special care to seek out the voices of Black Americans who also are expert on this topic. That’s how I found my way to economist Darrick Hamilton. Professor Hamilton is one of the nation’s leading voices on the causes and consequences of racial and ethnic economic disparities. He recently left Ohio State University to rejoin The New School in New York City, where he is teaching and starting up a new Institute for the Study of Race, Stratification and Political Economy.Darrick is a leading proponent of one of the most creative ideas for addressing the racial wealth gap - “baby bonds.” The idea is to provide every American child with a government-funded trust account at birth, starting with a $1,000 contribution. Kids born into lower-wealth families would receive more contributions over time, and the accounts would benefit from compound interest growth. The premise is that much of the wealth in the U.S. is transferred from generation to generation, and there’s a powerful compound effect that starts with our legacy of racist laws and policies and ends with today’s white households able to access far more capital for wealth-building activities - attending college, buying a home or starting a business. Baby bonds could serve as a proactive remedy for that injustice, and in many cases could impact the wealth available at retirement for people of color. In the Times story, I outline the basic numbers on race and retirement. They may not be surprising, but they certainly are appalling. In 2016, the typical Black household approaching retirement had 46 percent of the retirement wealth of the typical white household. For a Latino family, it was 49 percent. Two-thirds of single black retirees have incomes too low to meet basic living expenses. And that was before the pandemic. Since COVID19 struck, unemployment rates for older Black and Latino workers have been much higher than for their white counterparts. And mounting evidence suggestions that millions are being forced into premature retirement. That’s going to translate into sharp cuts in Social Security income and savings, and expensive disruptions in health insurance.The baby bonds concept has caught on in the Democratic party - Senator Cory Booker advocated for it during his presidential campaign and he has sponsored baby bond legislation in the Senate. The idea also has found its way into the Biden presidential campaign.Listen to my conversation with Darrick Hamilton by clicking on the player icon at the top of the newsletter. The podcast also can be found on Apple Podcasts, Spotify and Stitcher.Not a subscriber yet? Take advantage of a special offerSign up now for the free or subscriber edition of the newsletter, and I’ll email a copy of my latest retirement guide to you. This one looks at dealing with the Social Security Administration during the COVID19 crisis. Customer service at the Social Security Administration has changed during the coronavirus crisis - the agency closed its network of more than 1,200 field offices to the public in March. Just a reminder- subscribers, have access to the entire series of guides at any time. Click on the little green button to subscribe, or go here to learn more.Will FICA revenue deferral open the door to privatization of Social Security? Here’s how it could play outI've been writing over the summer about the threat posed to Social Security by President Trump’s threat to continue deferring FICA tax collections should he win reelection. This has been a chaotic episode, with shifting indications from the White House on how a FICA revenue gap might be plugged. And most employers seem to be ignoring the deferral altogether as not worth the bother, and are continuing to collect FICA. Even the U.S. Chamber of Commerce - a staunch Trump ally - has expressed disapproval. Trump signed a presidential memorandum in August ordering the deferral through year-end of FICA revenue, and he also said that he would push for termination altogether of the tax if he wins a second term. It’s not at all clear that he could push this through Congress, but some experts think that the IRS code might permit him to defer FICA collections for an additional year.If we do stop funding Social Security through FICA, just about anything can happen. The concept of an earned benefit can go out the window pretty quick, and people will start thinking of Social Security as welfare. In the political back and forth over FICA, the Trump administration has stated that any deferred FICA revenue would be replaced by general revenue funds. But that suggests a transfer of more than $1 trillion annually - a tall order for a Congress already grappling with the demands of economic support for a flagging economy. It also would mark a turning point in Social Security’s funding structure. The program has always been funded mainly by FICA (it also receives relatively small amounts of revenue from taxes on benefits and interest on trust fund bonds.). Self-funding has been one of the program’s political strengths, as it gives workers and beneficiaries a sense of ownership - as per this oft-quoted 1941 quip from President Franklin Roosevelt:“We put those payroll contributions there so as to give the contributors a legal, moral, and political right to collect their pensions and their unemployment benefits. With those taxes in there, no damn politician can ever scrap my social security program. Those taxes aren’t a matter of economics, they’re straight politics.”Some Republicans have not given up on the dream of converting Social Security into a system of personal saving accounts - an anchoring idea of the reforms proposed by President George W. Bush. The plan was a political and policy flop, but some on the right continue to push it, including the Heritage Foundation.If you doubt this, check out this recent op-ed on FICA by Andrew Biggs of the American Enterprise Institute (emphasis added at the conclusion of this passage):. . . President Trump made clear in an Aug. 12 news conference that his real goal is to replace the Social Security payroll tax with revenues drawn from the general tax fund, the vast majority of which is income taxes. This idea faces both practical and philosophical hurdles, but could help the political parties finally come together to fix Social Security. The first problem with funding Social Security via income taxes is obvious: the federal budget is already in deficit, which means there isn’t room to fund Social Security with general revenues without significantly cutting other programs or raising income taxes. And that tax increase wouldn’t be tiny. In 2019, the federal government collected about $1.7 trillion in individual income taxes, versus nearly $1 trillion in Social Security payroll taxes. Even if the President’s plan would replace only the employees’ 6.2% payroll tax, that would mean about an additional $500 billion in general tax revenues needed. Moreover, funding Social Security with income taxes is also contrary to the program’s history, in which benefit were funded with a flatrate tax that applied to all earnings up to a maximum, which is currently $137,700 per year. The payroll tax contributed to the view that Social Security is an “earned benefit” rather than a welfare plan.But most Democrats have already given up on the idea of truly earned benefits, since their Social Security proposals focus on lifting the payroll tax cap and making the rich carry more of the load.Income-tax financing would simply take that idea in a more progressive direction. While about 15% of earnings accrue to employees with salaries above the $137,700 payroll tax ceiling, almost half of total income taxes are paid by households with incomes above that level. More than one-third of income taxes are paid by the top 1% alone.But what is in it for Republicans? The answer is that an income-tax-financed safety retirement net need not be nearly as expensive as the current Social Security program. For instance, Australia’s Age Pension costs around one-fifth of what Social Security does, because it merely supplements households’ own savings to ensure a minimum standard of living in retirement. Canada and New Zealand also use income tax-financed programs to provide a strong base of retirement income.For this idea to work, though, the U.S. would need to follow Australia’s lead by signing up every worker for a retirement savings account with automatic contributions. Those contributions could be funded using the payroll taxes that no longer would be needed to fund Social Security. Biggs was a deputy commissioner of Social Security during the Bush administration and he was involved in the aforementioned failed effort to convert Social Security into a system of private savings accounts. He hasn’t talked much about privatization in recent years - until now, that is:Once transitioned into place — which admittedly would take years — the result would be higher private savings, particularly for lower-income households, which reduces wealth inequality and boosts the economy. And while income taxes would be higher, total government spending on Social Security would be lower.To be clear, this is my plan, not President Trump’s. But for income tax-funding of Social Security to work, for it to overcome 30 years of Congressional inaction on Social Security, it needs to think creatively and offer something to both sides. Because the traditional menu of reforms — payroll tax rate increases, higher retirement ages, lower cost-of-living adjustments and so forth — haven’t motivated Congress to action. Joe Biden has been hammering Trump on the FICA issue in television ads running in swing states. We are living in a very weird world, indeed, when the chief actuary of Social Security is quoted in a political ad. This is a public episode. Get access to private episodes at retirementrevised.substack.com/subscribe
Chase is joined on the show by Howard Gleckman, senior fellow at the Urban-Brookings Tax Policy Center at the Urban Institute, Andrew Biggs, a resident scholar at the American Enterprise Institute, Concord Coalition Executive Director, Bob Bixby, and Concord's Policy Director, Tori Gorman. They discuss COVID-19 relief legislation, President Trump’s executive actions concerning payroll taxes, their potential implications and Social Security.
Chase is joined on the show by Howard Gleckman, senior fellow at the Urban-Brookings Tax Policy Center at the Urban Institute, Andrew Biggs, a resident scholar at the American Enterprise Institute, Concord Coalition Executive Director Bob Bixby and Concord's Policy Director Tori Gorman. They discuss COVID-19 relief legislation, President Trump’s executive actions concerning payroll taxes, their potential implications and Social Security.
This week, the podcast takes a look at what to do with a 401(k) account left behind with a former employer - should you leave it there, or roll it over to an Individual Retirement Account (IRA)? I wrote about this topic last weekend for The New York Times - the context being the stunning job losses the country is experiencing now due to the coronavirus crisis.People stuck in this situation will be looking for emergency lifelines to meet living expenses. And retirement accounts will be a tempting option, as the emergency CARES Act passed in March provides flexible hardship withdrawal options for 401(k) and individual retirement accounts. For jobless workers who don’t need to tap retirement accounts right now, the choice is to leave the money where it is, or roll it over to an IRA. This is an important decision whenever you leave a job.Joining me on the podcast this week to talk about IRA rollovers is Scott Puritz. Scott is the managing director of Rebalance, an investment firm that helps clients manage retirement assets. Rebalance argues that rollovers usually are the best move - and especially so when you’re shifting out of a high cost 401k plans into an IRA invested in very low cost passive mutual funds. Listen to the podcast by clicking the player icon at the top of the page. The podcast also can be found on Apple Podcasts, Spotify and Stitcher.Not a subscriber yet? Take advantage of a special offerSign up now for the free or subscriber edition of the newsletter, and I’ll email a copy of my latest retirement guide to you. This one looks at dealing with the Social Security Administration during the COVID19 crisis. Customer service at the Social Security Administration has changed during the coronavirus crisis - the agency closed its network of more than 1,200 field offices to the public in March. Just a reminder- subscribers, have access to the entire series of guides at any time. Click on the little green button to subscribe, or go here to learn more.House Democrats propose multi-employer pension rescue House Democrats will take another run at rescuing multi-employer pension plans in the next round of coronavirus relief. Roughly 10.6 million workers and retirees are relying on pensions from multi-employer plans, which are created under collective bargaining agreements and jointly funded by groups of employers in industries like construction, trucking, mining, and food retailing. There are about 1,400 multiemployer pension plans today.Before the virus crisis, multiemployer plans covering 1.3 million workers and retirees were considered badly underfunded. Lawmakers have considered a variety of fixes, but had not reached agreement.The $3 trillion House coronavirus relief bill, coming up for a vote by the end of this week, would require the federal government to set up a fund to rescue financially troubled multiemployer plans. Stay tuned.Elsewhere, public pension plans had the worst first quarter on record due to the stock market’s volatility.How Medicare’s new telehealth reimbursement is workingFor years, advocates and researchers have urged greater use of telemedicine — delivered by video or phone, through online patient portals or remote monitoring devices — particularly for older adults. But Medicare has been slow to adapt, keeping tight barriers in place that prevented reimbursement to healthcare providers in most cases. The barriers have come down during the coronavirus pandemic - Medicare is now providing full reimbursement for video and phone visits. Paula Span reports on how that is going in The New Old Age:Still, by mid-April more than 20 percent of people over 70 had experienced a telehealth appointment since the start of the pandemic, a nationwide survey by NORC at the University of Chicago found. Almost half said they found the experience equivalent to an in-person visit; about 40 percent said it was worse.In interviews, patients told me of similarly mixed reactions.Learn more in Paula’s column for The New York Times.Born in 1960? Your Social Security benefit could be lowerAn odd coronavirus-related technical problem threatens a sizeable cut in Social Security benefits for people born in 1960. The issue stems from the way Social Security calculates a worker’s career earnings - a calculation that is critical to determining benefit levels. If the problem isn’t addressed - and I think it will be - these workers could see a permanent reduction in Social Security retirement benefits of around 13.8 percent, according to a research paper by Andrew Biggs, a resident scholar at the American Enterprise Institute and a former deputy commissioner of the Social Security Administration during the George W. Bush administration.The issue here is falling national average wages this year due to the coronavirus recession. Before averaging past earnings, Social Security indexes your earnings to the growth of national average wages up to the year in which you turn 60. Nominal earnings in any past year are multiplied by the ratio of the national average wage in the year the worker turns 60 to the national average wage in the year the earnings took place. Right now, that is the 1960 birth cohort.A decline in national average wages in that year reduces Social Security’s indexed measure of all your past earnings - and that leads to the lower Social Security benefit.Biggs suggests fixing the problem by shifting the entire Social Security system from wage indexing to a formula that calculates benefits as a percentage of inflation-adjusted career-average earnings. Biggs and other conservative policy folks have been arguing for that change for quite a while. But the goal of any pension plan - including Social Security - is wage replacement. And generally, wage indexing produces stable replacement rates over time. Consumer price indexing would lead to declining replacement rates, e.g. benefit cuts.Instead, Congress should simply add a hold harmless provision to the wage indexing provision. We already do that with the annual cost-of-living adjustment (something I’ll have more to say about soon, because the 2021 COLA is shaping up to be one of those weird years). A hold-harmless clause for wage indexing would protect workers against the occasional black swan event, like the one we are experiencing now. Learn more about this issue in Andrew’s paper, or an op-ed he penned on the topic this week for The Wall Street Journal.Recommended reading this weekMcDonald’s workers in Denmark pity us . . . The housing market faces its next crisis . . . How to earn a great risk-free return by paying down debt . . . Fearing covid-19, older people alter their living wills . . .Will COVID-19 make the decline narrative of aging worse . . . How I’m finding purpose in a pandemic. This is a public episode. Get access to private episodes at retirementrevised.substack.com/subscribe
Andrew Biggs is an international sales coach for top performers in multiple industries, and founder of Better Than Rich, whose mission is to change the world for the better by providing tools and ideas to leaders throughout the world. Andrew was a star Cutco rep who became a National Champion Branch Manager with Vector Marketing. After leaving Vector, he directly managed a team of 1500 people in the mobile gaming industry, responsible for operations for 6 of the highest-grossing apps on the Apple App Store, all before the age of 30. Today, Andrew is an industry-leading expert in leadership and the psychology of performance and helps any sales leader looking to grow connect to the meaning and purpose necessary to achieve both top-performance and true fulfillment in their lives through his Better Than Rich system. For the complete show notes and access to all episodes, visit ChangingLivesPodcast.com
Welcome back to the Catapulting Commissions podcast with your host, Anthony Garcia. Today’s guest is an absolute treat. International sales coach for top-performers at Google, Salesforce, SAP, Bloomberg, and Microsoft, Andrew Biggs helps 6 and 7 figure earners achieve their highest potential. Andrew was a top-1% producer out of 40,000 sales reps, scaled a business from $6M to $30M, directly managed a team of 1500 people, and boasted 6 of the top 10 highest-grossing apps on the Apple App Store all before the age 30. He is an industry-leading expert in leadership and the psychology of performance and helps any sales leader looking to grow to connect to the meaning and purpose necessary to achieve both top-performance and true fulfillment in their lives through his Better Than Rich system. He’s on the show today to talk about his Better Than Rich System, his Purpose Diamond, his Proprietary 4-step process to finding your purpose and achieving things you once thought were unimaginable. Anthony picks his brain on sales leadership, sales retention, and building a dynamic culture. Andrew’s Better Than Rich system helps sales reps find purpose and meaning in what they’re doing while simultaneously growing their business. Connecting people to their sincere reasons for why they do their work allows for businesses to make more money and their owners to have more fun doing it. Andrew lets us in on where our purpose might be seen: somewhere between your dreams, passions, gifts, and pains. He breaks down his 4-phrase process for uncovering fulfillment: Discover your purpose. Understand your “why” Determine your plan. This is how you make your purpose a reality Develop your skills. What skills do you need to have to bring your purpose into reality? Deepen your wisdom. There’s a difference between wisdom and good advice Andrew and Anthony discuss how influence is a skill set in the same sales are a skill set. It’s something that’s developed that can help take a business to its next level. Then, they deep dive into leadership and what top-performing sales teams are doing that no one else is. First and foremost, they’re hungry. They want to use their position to make a difference. The fear of making changes and elevating into the next step can often hold people back. They talk about how they manage their teams to exceed their own expectations. What You’ll Learn In today’s episode, Anthony’s guest Andrew Biggs breaks down his Better Than Rich System, his Purpose Diamond, his Proprietary 4-step process to finding your purpose and achieving things you once thought were unimaginable. Anthony picks his brain on sales leadership, sales retention, and building a dynamic culture. Links betterthanrich.com/anthony Sign up for a FREE conversation with Andrew!
About This Episode:International sales coach for top-performers at Google, Salesforce, SAP, Bloomberg, and Microsoft, Andrew Biggs helps 6 and 7 figure earners achieve their highest potential. Andrew was a top-1% producer out of 40,000 sales reps, scaled a business from $6M to $30M, directly managed a team of 1500 people, and boasted 6 of the top 10 highest-grossing apps on the Apple App Store all before the age 30. He is an industry-leading expert in leadership and the psychology of performance and helps any sales leader looking to grow to connect to the meaning and purpose necessary to achieve both top-performance and true fulfillment in their lives through his Better Than Rich system. Find out more about Andrew at:https://www.linkedin.com/in/andrewmbiggs/ https://www.betterthanrich.com/ See the Show Notes:www.jeremyryanslate.com/691 Sponsors:Command Your Brand Media: Be featured as a guest on top-rated podcasts, just like this one, for massive attention for your brand. www.commandyourbrand.media/apply Audible: Get a free 30-day free trial and 1 free audiobook from thousands of available books. Right now I'm reading "S.P.Q.R.," about the Roman Republic, by Mary Beard, head over to www.jeremyryanslate.com/book
About This Episode:International sales coach for top-performers at Google, Salesforce, SAP, Bloomberg, and Microsoft, Andrew Biggs helps 6 and 7 figure earners achieve their highest potential. Andrew was a top-1% producer out of 40,000 sales reps, scaled a business from $6M to $30M, directly managed a team of 1500 people, and boasted 6 of the top 10 highest-grossing apps on the Apple App Store all before the age 30. He is an industry-leading expert in leadership and the psychology of performance and helps any sales leader looking to grow to connect to the meaning and purpose necessary to achieve both top-performance and true fulfillment in their lives through his Better Than Rich system. Find out more about Andrew at:https://www.linkedin.com/in/andrewmbiggs/ https://www.betterthanrich.com/ See the Show Notes:www.jeremyryanslate.com/691 Sponsors:Command Your Brand Media: Be featured as a guest on top-rated podcasts, just like this one, for massive attention for your brand. www.commandyourbrand.media/apply Audible: Get a free 30-day free trial and 1 free audiobook from thousands of available books. Right now I'm reading "S.P.Q.R.," about the Roman Republic, by Mary Beard, head over to www.jeremyryanslate.com/book
Welcome back to another year and another decade of the 401(k) Fridays Podcast! Sorry for the delay in getting new episodes out, had some last minute scheduling challenges along with sickness that got us off track. Don’t fear though, we are back and ready for an exciting 2020! To kick things off, I am excited to welcome back Andrew Biggs, a fellow at the American Enterprise Institute to the podcast. As a retirement policy expert and researcher he brings a sober perspective of how our private workplace retirement plan system is really doing. During our conversation we hit on why there is so much focus on how 401(k) plans are broken, data on how current retirees are doing, somethings to future retirees can expect and much more. Coming up on the podcast we welcome back a fan favorite Jerry Schlichter, the plaintiffs attorney who has shaped retirement plan litigation, Bob Holcomb of Empower to talk in more detail about the new SECURE Act and Rob Arnott of Research Affiliates to discuss what he sees coming for the markets in the near and not so near term. Exciting stuff, please be sure to share with anyone you think could benefit from listening. Guest Bio Andrew G. Biggs is a resident scholar at the American Enterprise Institute (AEI), where he studies Social Security reform, state and local government pensions, and public sector pay and benefits. Before joining AEI, Biggs was the principal deputy commissioner of the Social Security Administration (SSA), where he oversaw SSA’s policy research efforts. In 2005, as an associate director of the White House National Economic Council, he worked on Social Security reform. In 2001, he joined the staff of the President’s Commission to Strengthen Social Security. Biggs has been interviewed on radio and television as an expert on retirement issues and on public vs. private sector compensation. He has published widely in academic publications as well as in daily newspapers such as The New York Times, The Wall Street Journal, and The Washington Post. He has also testified before Congress on numerous occasions. In 2013, the Society of Actuaries appointed Biggs co-vice chair of a blue ribbon panel tasked with analyzing the causes of underfunding in public pension plans and how governments can securely fund plans in the future. In 2014, Institutional Investor Magazine named him one of the 40 most influential people in the retirement world. In 2016, he was appointed by President Obama to be a member of the financial control board overseeing reforms to Puerto Rico’s budget and the restructuring of the island’s debts. Biggs holds a bachelor’s degree from Queen’s University Belfast in Northern Ireland, master’s degrees from Cambridge University and the University of London, and a PhD from the London School of Economics. 401(k) Fridays Podcast Overview Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over 175 prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!
Andrew Biggs, who I cite in my NEW BOOK "You Can RETIRE On Social Security", just destroys the doomsayers! Simply awesome! https://www.msn.com/en-us/money/markets/opinion-fears-of-a-retirement-crisis-are-overblown/ar-AAEt2Mo --- Support this podcast: https://anchor.fm/josh-scandlen-podcast/support
Really feeling this convo with Leadership coach, Andrew Biggs where he brings the heat for leaders who are ready to clarify, commit and truly carve the path they are here for. We jammed on embodied leadership, what's better than rich, the art of transformation, and more.This is for the ladies who are ready to own their purpose, live with meaning, and be the hero of their own story... and hear some friendly banter about what it takes.International sales coach for top-performers at Google, Salesforce, SAP, Bloomberg, and Microsoft, Andrew Biggs help 6 and 7 figure earners achieve their highest potential.Andrew was a top-1% producer out of 40,000 sales reps, scaled a business from $6M to $30M, directly managed a team of 1500 people, and boasted 6 of the top 10 highest-grossing apps on the Apple App Store as clients all before the age of 30.He helps any leader looking to grow connect to the meaning and purpose necessary to achieve both top-performance and true fulfillment in their lives.some juicy points :: + what to do when the money isn't motivating you+ humans search for meaning+ self care for world changers (things you wouldn't expect)+ the art of transformation+ if you aren't focused on one thing, you aren't.....+ letting go and the long game+ your patterns and shifting them + if you're focused on 3 things, you're not focused..... (oh, snap)You can learn more about Andrew here : Instagram @andrewmbiggsFacebook (Andrew Biggs Coaching): https://www.facebook.com/andrewbiggscoaching/Website: andrewmbiggs.com, betterthanrich.comTag me on Instagram @iamStaceyRae Book we mentioned : The One Thing - Buy it on AmazonRemember to Rate + Review + Subscribe via iTunes! Chase your highest dreams, its worth it.
Really feeling this convo with Leadership coach, Andrew Biggs where he brings the heat for leaders who are ready to clarify, commit and truly carve the path they are here for. We jammed on embodied leadership, what's better than rich, the art of transformation, and more.This is for the ladies who are ready to own their purpose, live with meaning, and be the hero of their own story... and hear some friendly banter about what it takes.International sales coach for top-performers at Google, Salesforce, SAP, Bloomberg, and Microsoft, Andrew Biggs help 6 and 7 figure earners achieve their highest potential.Andrew was a top-1% producer out of 40,000 sales reps, scaled a business from $6M to $30M, directly managed a team of 1500 people, and boasted 6 of the top 10 highest-grossing apps on the Apple App Store as clients all before the age of 30.He helps any leader looking to grow connect to the meaning and purpose necessary to achieve both top-performance and true fulfillment in their lives.some juicy points :: + what to do when the money isn't motivating you+ humans search for meaning+ self care for world changers (things you wouldn't expect)+ the art of transformation+ if you aren't focused on one thing, you aren't.....+ letting go and the long game+ your patterns and shifting them + if you're focused on 3 things, you're not focused..... (oh, snap)You can learn more about Andrew here : Instagram @andrewmbiggsFacebook (Andrew Biggs Coaching): https://www.facebook.com/andrewbiggscoaching/Website: andrewmbiggs.com, betterthanrich.comTag me on Instagram @iamStaceyRae Book we mentioned : The One Thing - Buy it on AmazonRemember to Rate + Review + Subscribe via iTunes! Chase your highest dreams, its worth it.
Andrew Biggs joins ACE Weekly to share his perspective on the why’s behind high performance. As a performance coach for 7 figure earners, Andrew Biggs is a master of self-awareness, and helping you find the underlying purpose behind why we do what we do. He takes the leadership and psychology of top earners a layer deeper than most others. Biggs coached Andrew last year, leading him to where he is today as a leader. Andrew is used to being questioned by Biggs, but this week he gets the unique opportunity to question his own coach for the benefit of the ACE Weekly community. Subscribe to the show: https://www.aceweeklypodcast.com/ Follow us on Social: @andrewevansofficial Connect with Andrew Biggs: @AndrewMBiggs https://www.betterthanrich.com/aceweekly 00:19- Introduction and request for today’s show 03:00- Introducing Andrew Biggs 07:00- Andrew Biggs’ background 09:30- Advice for graduates 11:00- The importance of sales and leadership experience to make an impact 14:00- Stepping out of your comfort zone and into immersive experiences 17:00- Listening to your intuition 21.00- Think big by disrupting the status quo 24:00- Doing what’s congruent with who you are 27:00- Avoiding drifting with self-awareness 28:30- How to handle the feeling of emptiness 30:10- Finding your purpose vs your role 35:30- What does it mean to be self-aware 39:00- Observing your thoughts 42:40- How to start listening and choosing your story 46:00- How to view your emotions 48:00- The basics of mediating and untapping your emotions 52:10- Taking care of yourself physically 54:00- Biggs decision to stop drinking and healthy constraints for fulfillment 59:00- Have a plan for your relationship with substances 1:02:00- Building vision for your life through priorities 1:06:00- Who must you become to accomplish your why 1:08:30- Special offer from Andrew Biggs
Today we take a little detour from talking about the usual 401(k) or workplace retirement plan topics and focus on the challenge for many people around the country who are gainfully employed but don’t have access to a retirement plan at work. Personally, when I first heard some of the stats we discuss today they were surprising to me. I have two guests which both shared great perspective today, Lisa Massena, the Executive Director of OregonSaves the first state retirement plan to go live and Andrew Biggs, a resident Scholar at the American Enterprise Institute who has a wealth of data and research about retirement savings at his finger tips. As hopefully you have heard in prior episodes when I have two guests on that usually means they are not always going to agree on everything. Our conversation starts with a conversation around the data, what options individuals who don’t have access to a retirement plan at work have today and how the conversation will evolve in the future. With Lisa here, we also spend some time talking about how state retirement plans factor into the coverage conversation. She shares Oregon’s experience, early results and reactions after their launch in late 2017. Good stuff and I hope you take as much away from our conversation as I did. Last thing, we had a little challenge with Andrew’s connection, you can hear everything he says but it is a little scratch, just a heads up. Technology is a great thing until it isn’t! Guest Bios Lisa Massena, Executive Director, OregonSaves - Ms. Massena joined OregonSaves as its first Executive Director in September of 2015. With its Board and a strong team of internal and external collaborators, Massena helped design and launch the innovative retirement savings program that, when fully implemented, is expected to be available to over 1 million Oregonians who currently do not have access to retirement savings at work. A native of the Northwest, Ms. Massena began her career in Oregon focused on investment and retirement solutions for employers and individuals, co-founding an investment consultancy in 1991 that specialized in defined contribution plans. When the internet beckoned, she joined a startup firm in San Francisco providing online portfolio advice for 401(k) savers. In 2001 Massena was recruited to State Street Corp. where from San Francisco and Boston she led regional, Americas and global teams providing investment analytics services to institutional clients. She earned a B.A. from Portland State University and is a Chartered Financial Analyst. Andrew G. Biggs is a resident scholar at the American Enterprise Institute (AEI), where he studies Social Security reform, state and local government pensions, and public sector pay and benefits. Before joining AEI, Biggs was the principal deputy commissioner of the Social Security Administration (SSA), where he oversaw SSA’s policy research efforts. In 2005, as an associate director of the White House National Economic Council, he worked on Social Security reform. In 2001, he joined the staff of the President’s Commission to Strengthen Social Security. Biggs has been interviewed on radio and television as an expert on retirement issues and on public vs. private sector compensation. He has published widely in academic publications as well as in daily newspapers such as The New York Times, The Wall Street Journal, and The Washington Post. He has also testified before Congress on numerous occasions. In 2013, the Society of Actuaries appointed Biggs co-vice chair of a blue ribbon panel tasked with analyzing the causes of underfunding in public pension plans and how governments can securely fund plans in the future. In 2014, Institutional Investor Magazine named him one of the 40 most influential people in the retirement world. In 2016, he was appointed by President Obama to be a member of the financial control board overseeing reforms to Puerto Rico’s budget and the restructuring of the island’s debts. Biggs holds a bachelor’s degree from Queen’s University Belfast in Northern Ireland, master’s degrees from Cambridge University and the University of London, and a Ph.D. from the London School of Economics. 401(k) Fridays Podcast Overview Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over one hundred prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!
Ah the good old days, when life was simpler, people retired with pension plans, social security was fully funded and you spent your retirement golden years in relative financial security. Fast forward to today, there is a perception that our retirement system is broken, and we are either already in or headed for a dramatic retirement crisis. Much of the blame for our current state of retirement preparation has been placed on the rise of 401(k) plans. However, does the data support both the romanticized vision of the past and the bleak picture of our present and future? To help sort through things I have Andrew Biggs, a Resident Scholar at the American Enterprise Institute with me today. His research on retirement preparation, social security and his relentless focus on data lends for an interesting conversation and perspective on some popular narratives in the media about workplace retirement plans. Guest Bio Andrew G. Biggs, Ph.D., is a resident scholar at the American Enterprise Institute in Washington, DC. Prior to joining AEI he was the principal deputy commissioner of the Social Security Administration (SSA), where he oversaw SSA's policy research efforts and led the agency's participation in the Social Security Trustees working group. In 2005 he worked on Social Security reform at the National Economic Council and in 2001 was on the staff of the President's Commission to Strengthen Social Security. Andrew’s work at AEI focuses on Social Security reform, state and local government pensions, and comparisons of public and private sector compensation. His work has appeared in academic publications as well as outlets such as the Wall Street Journal, New York Times and Washington Post, and he has testified before Congress on numerous occasions. He holds a Bachelors degree from the Queen's University of Belfast, Masters degrees from Cambridge University and the University of London and a Ph.D. from the London School of Economics. 401(k) Fridays Podcast Overview Struggling with a fiduciary issue, looking for strategies to improve employee retirement outcomes or curious about the impact of current events on your retirement plan? We've had conversations with retirement industry leaders to address these and other relevant topics! You can easily explore over fifty prior on-demand audio interviews here. Don't forget to subscribe as we release a new episode each Friday!
WASHINGTON, D.C. — The Ripon Society held a “Bully Pulpit” Policy Conference on Thursday, April 29, 2010, focusing on the financial crisis surrounding pension funds. Entitled “Preventing the Next Bailout,” the conference was held from 11:30 am – 1:30 pm in the Eisenhower Room of the Capitol Hill Club, located at 300 First Street, SE, in Washington, DC. The conference featured speeches by three Members of Congress who had called for pension reform, followed by a panel of experts who discussed the challenges facing the Nation and some of the reforms that had been proposed in this regard.
- Andrew Biggs, former Associate Director of the White House's National Economic Council - Please call 1-800-388-9700 for a free review of your financial portfolio
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