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What can individual investors learn from the biggest players in real estate? In this episode of REady2Scale, we sit down with Geoffrey Dohrmann, founder and CEO of Institutional Real Estate, Inc., to unpack what separates institutional investors from the rest and how everyday investors can apply those same principles. With nearly four decades of experience analyzing real estate trends, Jeffrey shares key takeaways from the evolution of the market, what he sees coming next, and how data, discipline, and alignment drive long-term success. Key Takeaways: - From $90B to $4T: How institutional real estate evolved and what that means for private investors today - The death of defined benefit plans: Why the shift to “you're on your own” retirement plans puts more pressure on individual investors to get it right - Mega trends to watch: Technology adoption, water scarcity, and demographic shifts are reshaping real estate investing - How to track like an institution: Public and private tools for market analysis (including REIT indices, NCREIF, and AI) that are now accessible to individuals - Replicating institutional discipline: The importance of manager alignment, multi-cycle track records, and investment process standardization - Common pitfalls to avoid: Why chasing hot trends or relying on one “star” manager isn't a long-term strategy - Asset allocation over market timing: How institutions use disciplined portfolio construction to ride out volatility and why that beats trying to predict turns - Advice for building a meaningful life: Follow your passion, don't waste time doing what you hate, and align money with purpose This episode is especially relevant for investors who want to elevate their decision-making by learning from those managing billions. Don't miss this deep dive into how institutional thinking can improve your own investing approach. Timestamps 00:00 Introduction: Learning from Institutional Investors 00:30 Meet the Expert: Jeffrey Doman's Background 01:34 Mega Shifts in Real Estate 03:00 The Shift from Defined Benefit to Defined Contribution Plans 05:32 Tools and Strategies for Individual Investors 23:24 Lightning Round and Final Thoughts Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Credits Producer: Blue Lake Capital Strategist: Syed Mahmood Editor: Emma Walker Opening music: Pomplamoose *
In this episode of Critical Thinking, Sinead Leahy, Co-Head of Cardano Advisory is joined by Nick Gibson, Managing Director, Cardano Advisory, and Dan Jackson, M&A Senior Principal at Mercer, to explore the key findings from our recent report, ‘Unlocking value and opportunities from UK pension funds – a private equity perspective'. There has been a significant shift in the Defined Benefit (DB) landscape in recent years, with many schemes moving from a deficit position to surplus. Surveying over 100 private equity (PE) firms, we uncovered the opportunity for private equity to unlock value from UK pension funds. Key takeaways include: • The M&A opportunity from better funded DB schemes: pension schemes moving from a deficit to surplus means that schemes are no longer a blocker to M&A activity but rather a potential value driver, making a target business more attractive. Moreover, better funded schemes may mean less regulatory involvement in a deal, and less risk of deal value leakage. • Investors are seeking to access surpluses: Companies can often access pension surpluses when a scheme is wound up via a transfer to an insurance company, however, the government recently announced upcoming reforms that are designed to facilitate the release of surpluses on an ongoing basis. Many companies are delaying insurer ‘buyouts' to capture the potential upside, while some are already using surpluses to help fund their Defined Contribution (DC) schemes. • What can be done to channel more pension money into PE: While mature, closed DB schemes have reduced investments into illiquid assets such as Private Equity, there are potential opportunities for greater allocations into private capital across open DB schemes, Local Government Pension Schemes, and DC schemes. The upcoming UK Pension Schemes Bill may facilitate consolidation of these pension schemes, which is designed to incentivise them to invest in a broader set of assets, such as private capital. At the same time, greater trustee education and engagement between pension funds and the PE sector will be crucial to unlocking further investment. Citations:1. M&A extends its reach in 2025 | Barclays IB (04:14-04:19)2. DAS Design Center (04:14-04:19)3. M&A outlook shows firming US 2025 deal market activity | EY – US (04:14-04:19)4. 2025 M&A Outlook: 4 Trends Driving an Anticipated Rebound | Morgan Stanley (04:14-04:19)5. UK and European M&A: Predictions for 2025 | Katten Muchin Rosenman LLP (04:14-04:19)6. Chancellor's Mansion House Reforms to boost typical pension by over £1,000 a year - GOV.UK (17:16-17:30)7. PE Survey This content is for institutional investors and for information purposes only. It does not contain investment, financial, legal, tax or any other advice and should not be relied upon for this purpose. The materials are not tailored to your particular personal and/or financial situation. If you require advice based on your specific circumstances, you should contact a professional adviser. Opinions expressed are those of the speakers as of the date of the recording, are subject to change without notice and do not necessarily reflect Mercer's opinions. This does not constitute an offer or a solicitation of an offer to buy or sell securities, commodities and/or any other financial instruments or products or constitute a solicitation on behalf of any of the investment managers, their affiliates. For the avoidance of doubt, this is not formal investment advice to allow any party to transact. Additional advice will be required in advance of entering into any contract. Read our full important notices here
Today we have a full boat with Rep Kevin McCabe in hour one coming in to talk about his latest article in Must Read Alaska about the true pros and cons of the Defined Benefit proposal in the AKLEG this session. Then in hour two we'll talk with Senator Rob Yundt about his proposal to change the tax structure for oil corporations.
In the fourth part of our series focused on planning for business owners, we discuss Defined Benefit (e.g., pension) plans which - when properly set up with businesses that are a good fit for the plan - can enable much higher contribution potential than Defined Contribution (e.g., 401(k)) plans. Join us to explore the factors business owners should consider when evaluating the options available to them when initially selecting, upgrading, OR adding features to an existing plan.Contact: Ben@abundancewm.comWebsite: Abundance Wealth ManagementShow music: Can We Go by The Violet NinesDISCLAIMERThe discussions contained in and referred to in this podcast are provided for educational, informational, and entertainment purposes only. The information, statements, comments, views, and opinions expressed or provided are not necessarily those of Abundance Wealth Management LLC and may not be current. Abundance Wealth Management LLC does not make any representation or warranty as to the accuracy or completeness of any of the information, statements, comments, views, or opinions contained in this podcast, and any liability therefore (including in respect of direct, indirect or consequential loss or damage of any kind whatsoever) is expressly disclaimed. Abundance Wealth Management LLC does not undertake any obligation whatsoever to provide any form of update, amendment, change or correction to any of the information, statements, comments, views, or opinions set forth in this podcast.You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented in this podcast without undertaking independent due diligence and consultation with a professional wealth management advisor. You understand that you are using all information available on or through this podcast at your own risk. Hosted on Acast. See acast.com/privacy for more information.
In this episode, Wade and Alex welcome Jason Fichtner to discuss the evolving landscape of retirement income. They explore consumer perspectives on retirement, the importance of protected income strategies, and the generational shifts affecting retirement planning. Their conversation also delves into the decline of traditional pensions, insights on Social Security and Medicare, and the need for better communication regarding claiming strategies. The conversation also focuses on the evolving landscape of retirement income, focusing on the importance of annuities and social security as protected income sources. Listen now to learn more! Takeaways The concept of retirement is evolving beyond traditional norms. Protected income is essential for financial security in retirement. Generational shifts are leading to different retirement challenges. The decline of pensions necessitates new income solutions. Social Security is not sufficient for most retirees' needs. Effective communication about claiming benefits is crucial. The retirement planning industry must adapt to changing demographics. Education on retirement income strategies is vital for future generations. Delaying Social Security can enhance spousal benefits. The traditional three-legged stool of retirement income is changing. Innovative annuity options can help bridge income gaps in retirement. Behavioral framing can influence retirement income expectations. Protected income can increase retirees' spending confidence. Barriers to annuitization need to be addressed for better adoption. The retirement security industry has a significant role to play. Research and common language are essential for effective communication. Chapters 00:00 Introduction to Retirement Income Challenges 02:13 Consumer Perspectives on Retirement 05:01 The Importance of Protected Income 08:12 Generational Shifts in Retirement Planning 10:41 The Decline of Traditional Pensions 12:05 Social Security and Medicare Insights 15:20 Reframing Social Security Claiming Strategies 19:00 Understanding Annuities and Social Security 21:59 The Shift from Defined Benefit to Defined Contribution 24:55 Innovations in Retirement Income Solutions 28:58 The Future of Retirement Security 32:02 Research and Education in Retirement Planning Links The Retirement Planning Guidebook: 2nd Edition has just been updated for 2024! Visit your preferred book retailer or simply click here to order your copy today: https://www.wadepfau.com/books/ This episode is sponsored by McLean Asset Management. Visit https://www.mcleanam.com/retirement-income-planning-llm/ to download McLean's free eBook, “Retirement Income Planning”
Join Eddie Gartner as he demystifies Defined Benefit Plans, explaining how these pension plans provide a predetermined monthly benefit upon retirement. This video is perfect for anyone looking to understand how these plans can secure their financial future post-retirement.
The conversation discusses the changes in retirement planning over the past 20 years, including the shift from defined benefit to defined contribution plans. It also covers the introduction of the Roth 401(k) and the automatic enrollment in 401(k) plans. The conversation emphasizes the importance of having a plan and saving for retirement. Other topics mentioned include catch-up provisions, contribution limits, and potential reforms to address Social Security's solvency issues. The impact of Federal Reserve rate cuts and hikes on retirement planning is also discussed. They also emphasize the importance of having a written plan for retirement and offer educational events for listeners to learn more about retirement planning. To connect with Tripp call 800-940-6979. Visit Limehouse Financial to learn more.See omnystudio.com/listener for privacy information.
On today's show, Dennis will detail the characteristics of Defined Benefit Plans and Defined Contribution Plans – including their advantages and disadvantages. So if you have questions about your plans, or want to better understand, this show is for you! Because every investor's needs are different, when planning for retirement, it is essential to map out a withdrawal strategy. Heidi will discuss the importance of understanding the portfolio reliance rate, which can help in planning for your future. She'll also take a look at and further discuss how volatility affects withdrawals, how to tell if an investor relies too heavily on their investment portfolio, what determines a withdrawal rate, and the value of reducing withdrawal stress. And, as always, Deann will be sure to enlighten and educate our listeners by sharing stats in regard to our current economy. We look forward to answering all your questions via air, please text or phone. Tune in and take control!
In this podcast episode, I welcome Bruce Gendein, a pension consultant with McHenry Advisors, to discuss the complex world of pension consulting and the critical role of cash balance plans for business owners.This episode explores Bruce's extensive background and the evolution of pension consulting, highlighting the unique benefits of cash balance plans in tax planning and retirement savings.Bruce's Journey: From Actuarial Training to Pension ConsultingCareer Path: Originally trained to be an actuary, Bruce transitioned through various roles in the computer business and medical facilities management before finding his niche in the pension business.Professional Achievements: Over four decades, he has built and sold multiple actuarial, consulting, and third-party pension administration firms. He now works exclusively with McHenry Advisors, administering approximately 2,200 pension plans with a team of nine actuaries.McHenry Advisors and The Importance of Cash Balance PlansConsulting Services: McHenry Advisors offers continuity and stability for financial advisors and their clients by ensuring a seamless transition and consistent service through a large, experienced staff.Virtual Family Office (VFO) Expertise: Bruce acts as a VFO expert, collaborating with financial advisors and accountants to provide specialized knowledge and support in pension consulting and tax planning.Defined Benefit vs. Defined Contribution Plans: Bruce explains the differences between 401k profit-sharing plans (defined contribution) and cash balance plans (defined benefit), emphasizing the advantages for business owners.Target Audience: Successful business owners who are making more than they need to live on, dislike paying taxes, and want to save a significant amount for retirement quickly.Elite Resource Team (ERT) and the Virtual Family Office ModelCollaborative Approach: ERT's model fosters collaboration among financial advisors, accountants, and specialized experts like Bruce, ensuring comprehensive and effective planning for clients.Benefits of the VFO: Financial advisors can leverage the expertise of seasoned professionals, enhancing their credibility and providing clients with top-notch service without needing to master every aspect themselves.Key Takeaways and Future DirectionsFlexibility and Tax Benefits: Bruce highlights the flexibility of pension plans, their potential for significant tax savings, and the growing importance of tax-deductible strategies in light of increasing national debt.Owner Benefits: Adding a pension plan to a 401k provides substantial benefits for business owners, making it an essential component of a well-rounded retirement strategy.Creative Funding Approaches: Utilizing life insurance contracts within pension plans can provide a mix of taxable and tax-free future income, maximizing after-tax benefits.About our Guest:Bruce Gendein, a pension consultant with McHenry AdvisorsYou can learn more about his work at:LinkedIn: https://www.linkedin.com/in/brucegendein/About Your Host: Paul G. McManus is an accomplished author and expert in helping financial professionals grow their businesses. With over eight years of experience working exclusively with financial professionals, Paul has helped his clients generate tens of millions of dollars in fees and commissions.Claim your free audiobook copy at: www.theshortbookformula.comSupport the Show.
You can download your FREE report on how you can avoid financial mistakes as a dentist using the link just here >>> dentistswhoinvest.com/podcastreport———————————————————————Unlock the secrets to one of the most lucrative pension systems out there with independent financial advisor Luke Hurley. As we navigate the NHS pension maze, you'll discover the historical layers and financial implications that could shape your future. The NHS pension—often considered the crown jewel for healthcare professionals—holds a unique place in the retirement planning of dental professionals. With Luke's expert insights, we cover the scheme's structure, the intricacies of the 1995, 2008, and 2015 sections, and the impact of normal pension age on your pocketbook.Throughout this talk, we contrast Defined Benefit and Defined Contribution pensions, providing a clear understanding of inflation protection and their respective roles in the pursuit of financial independence. For those weighing up the options between managing their own portfolios and the managed funds route, we delve into the debate with a critical eye, highlighting the advantages of passive funds. And for young dentists wondering about the sustainability of the NHS pension, I share a personal anecdote that underlines the importance of informed participation and the lessons learned from early career choices.The financial journey doesn't stop with pensions, as we also examine the differences between private pensions and ISAs, discussing their tax implications and accessibility for your goals. Additionally, we tackle the complex allowances that come with NHS pensions, offering practical advice on how to stay on top of your contributions and avoid common pitfalls. With Luke's guidance, you'll come away with the knowledge to manage your NHS pension with confidence. So tune in, and take the first step towards securing your financial future with clarity and assurance.
217 - The Peak 65 Zone Is Here With Jason Fichtner Jason Fichtner, Chief Economist, Bipartisan Policy Center & Executive Director, Retirement Income Institute, Alliance for Lifetime Income joins us today to talk to us about his latest paper. Jason recently released the 2024 edition of “The Peak 65® Zone Is Here – Creating A New Framework For America's Retirement Security". On our show, Jason Fichtner discusses this paper, the retirement income challenge, and the need for protected income strategies. He highlights the moment and the retirement challenges faced by the baby boomer generation. Fichtner emphasizes the transition from defined benefit to defined contribution plans and the importance of optimizing Social Security benefits. He also discusses the use of bridge annuities to convert retirement assets into a stream of income. The role of the workplace in retirement planning and the need for prescriptive advice are also discussed. The conversation explores the need for protected income products in defined contribution plans and the role of defaults in retirement planning. It also discusses the importance of educational tools and calculators for retirement planning and the impact of narrative framing and behavioral elements in retirement decision making. The narrative on retirement income strategies is changing, and there is a need to expand the message and address retirement security for multiple generations. Takeaways: The retirement income challenge is a significant issue, with many individuals struggling to convert their retirement assets into a stream of income that will last their lifetime. The Peak 65 moment is approaching, with millions of Americans turning 65 each year. This highlights the urgency to address retirement challenges and ensure financial security for retirees. The transition from defined benefit to defined contribution plans has shifted the responsibility of retirement savings and income planning to individuals. This has created a need for protected income strategies, such as annuities. Employers play a crucial role in retirement planning, as employees often trust them for information and guidance. Employers can provide education and resources to help employees make informed decisions about their retirement income. Protected income products should be included in defined contribution plans to provide retirement security. Defaults can play a role in retirement planning by offering options that fit the majority of the population, with an opt-out option. Educational tools and calculators can help individuals understand the benefits of delaying social security and bridge the gap in retirement income. Narrative framing and behavioral elements are important in influencing retirement decision making. The conversation on retirement income strategies is shifting towards a holistic approach. There is a need to expand the message on retirement security and address the challenges faced by multiple generations. Chapters 00:00 Introduction and Background 00:47 Jason's Roles and Expertise 04:13 Peak 65 and Retirement Challenges 05:11 Financial Challenges and Trust Fund Insolvency 06:03 Transition from Defined Benefit to Defined Contribution 07:25 Personal Experience and Retirement Savings 08:11 Optimizing Social Security Benefits 10:04 Bridge Annuities and Protected Income 11:29 Calculating Retirement Income 16:23 Role of the Workplace in Retirement Planning 21:50 Protected Income Products in Defined Contribution Plans 23:27 The Role of Defaults in Retirement Planning 25:17 Educational Tools and Calculators for Retirement Planning 30:20 Narrative Framing and Behavioral Elements in Retirement Decision-Making 35:02 Changing the Narrative on Retirement Income Strategies 38:03 Expanding the Message and Addressing Retirement Security 39:51 The Retirement Challenges for Multiple Generations Read more here:
Welcome to The Sentinel Pension Show! We have a new episode for you to start your Tuesday off right. This week, Melissa and Kasey are joined by Lynn Young of Pinnacle Plan Design. Lynn has become one of Melissa's dear friends through countless retirement industry conferences and we are so excited that she was able to Zoom in for this episode. Listen along to learn what exactly Lynn does as an actuary and how she is involved with both Cash Balance and Defined Benefit plans. Visit our website for more information: Sentinel Pension (sp-tpa.com) Call us at 225-300-8478 Follow us on LinkedIn Follow us on Facebook Music by Adam Vitovsky
#BRNSunday #1668 | Is Defined Benefit Plan Pension Risk Transfer Putting Employers in the Litigation Cross-Hairs? | David Levine & Kevin Walsh, Groom Law Group | #Tunein: broadcastretirementnetwork.com #JustTheFacts
#BRNAM #1653 | Is this the Renaissance of the Defined Benefit Pension Plan | David Levine & Kevin Walsh, Groom Law Group | #Tunein: broadcastretirementnetwork.com #JustTheFacts
Cortburg Speaks Retirement - Episode #172: 2024 Contribution Limits: What's New? / Investment in Stock Market, Financial Planning, Retirement Planning, Money ManagementIn this week's episode, Miguel reviews important changes to retirement contribution limits for 2024.Cortburg, retirement, retirement planning, retirement tips, retirement income, retirement income planning, retirement goals, retirement investing, retirement advice, retirement goals, stock market, money management, wealth management, finance tips, financial advice, financial freedom, financial education, insurance, Cortburg Speaks Retirement, Miguel Gonzalez, 2024 retirement limits, 401k, IRA, Roth, Savers Credit, Simple, Defined Benefit, IRS, Nerd Wallet, MorningStar, KXLH About Cortburg Retirement Advisors, Inc. Cortburg Retirement Advisors is a full-service, boutique financial planning firm - helping guide clients through turbulent and calm economies. Their goal is to help grow, protect, and preserve their assets from their first job through retirement. Cortburg's “all in one house” capabilities mean that their experienced team can help with all financial needs - wealth management, estate and tax planning, group retirement, employee benefits, insurance, and retirement planning. Welcome to Cortburg Speaks Retirement Podcast with Miguel Gonzalez, MBA, AIF®, CPFA®, CRC® CLICK HERE TO LISTEN TO MIGUEL'S LATEST PODCAST FOLLOW US ON: YouTube->https://m.youtube.com/c/CORTBURGRETIREMENTADVISORS Facebook-> https://m.facebook.com/CortburgInc Twitter-> https://twitter.com/CortburgInc LinkedIn->https://www.linkedin.com/in/miguelxgonzalez/ Website: www.CortburgRetirement.com Email: Miguel@CortburgRetirement.com
Welcome to this episode of 20/20 Money! This “housekeeping” episode is all about knowing the timely and relevant numbers that impact your various savings strategies as we enter into the new year. I also spend some time talking about an awesome new feature for defined benefit plans (thanks to SECURE Act 2.0) and a PSA to all of you that received the ERC in 2023 (or anticipate receiving it in 2024). As a reminder, you can get all the information discussed in today's conversation by visiting our website at integratedpwm.com and clicking on the Learning Center. While there, be sure to subscribe to our monthly “planning life on purpose” newsletter that's filled with tips and ideas to help you plan your life on purpose. You can also set up a Triage conversation to learn a little bit more about how we serve in the capacity of a personal and professional CFO: helping OD practice owners around the country reduce their tax bill, proactively manage cash flow, and make prudent investment decisions both in and out of their practice to ultimately help them live their best life on purpose. You can also check out any number of additional free resources like our eBooks, blog posts, and on-demand webinars. Resources: 20/20 Money Community Information Backdoor Roth Episode Per pay period numbers for 401k contributions: $958.33/pp at 24 884.61/pp at 26 1270.83 at 24 1173.07 at 26 Lively HSA ————————————————————————————— Please rate and subscribe to 20/20 Money on these platforms Apple Podcasts Spotify Google Podcasts Stitcher ————————————————————————————— For past episodes of 20/20 Money with full companion show notes, please check out our episode archive here!
With over 70 million freelancers in the U.S., freelancing obviously appeals to a lot of workers and offers a lot of benefits to those who wish to work for themselves. However, it doesn't offer a 401(k) program, and that means saving for retirement is not as easy as filling out a form and giving it to HR. In fact, freelancers are essentially their own HR department, and that adds some complexity.On this episode of Financial Decoder, host Mark Riepe speaks with Susan Hirshman, a director of wealth management for Schwab Wealth Advisory and the Schwab Center for Financial Research. They discuss the challenges freelancers face in their financial lives, as well as the options they have to invest for retirement and get the most out of their savings.To read the study Mark references about the effect of visualization on risk-taking, Check out "Imagining Risk Taking: The Valence of Mental Imagery Is Related to the Declared Willingness to Take Risky Actions" in the Journal of Behavioral Decision Making.Follow Financial Decoder for free on Apple Podcasts or wherever you listen.Financial Decoder is an original podcast from Charles Schwab. For more on the series, visit Schwab.com/FinancialDecoder. If you enjoy the show, please leave us a rating or review on Apple Podcasts. Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. All expressions of opinion are subject to changes without notice in reaction to shifting market, economic, and geopolitical conditions.Data herein is obtained from what are considered reliable sources; however, its accuracy, completeness, or reliability cannot be guaranteed. Supporting documentation for any claims or statistical information is available upon request.Investing involves risk, including loss of principal.All corporate names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request.This information is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, you should consult with a qualified tax advisor, CPA, Financial Planner, or Investment Manager.Diversification and asset allocation strategies do not ensure a profit and do not protect against losses in declining markets.Schwab Wealth Advisory™ ("SWA") is a non‐discretionary investment advisory program sponsored by Charles Schwab & Co., Inc. ("Schwab"). Schwab Wealth Advisory, Inc. ("SWAI") is a Registered Investment Adviser and provides portfolio management for the SWA program. Schwab and SWAI are affiliates and are subsidiaries of The Charles Schwab CorporationThe Schwab Center for Financial Research is a division of Charles Schwab & Co.There are certain eligibility requirements for working with a dedicated Financial Consultant. Apple, the Apple logo, iPad, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.Google Podcasts and the Google Podcasts logo are trademarks of Google LLC.Spotify and the Spotify logo are registered trademarks of Spotify AB.1123-3WNB
With over 70 million freelancers in the U.S., freelancing obviously appeals to a lot of workers and offers a lot of benefits to those who wish to work for themselves. However, it doesn't offer a 401(k) program, and that means saving for retirement is not as easy as filling out a form and giving it to HR. In fact, freelancers are essentially their own HR department, and that adds some complexity.On this episode of Financial Decoder, host Mark Riepe speaks with Susan Hirshman, a director of wealth management for Schwab Wealth Advisory and the Schwab Center for Financial Research. They discuss the challenges freelancers face in their financial lives, as well as the options they have to invest for retirement and get the most out of their savings.To read the study Mark references about the effect of visualization on risk-taking, Check out "Imagining Risk Taking: The Valence of Mental Imagery Is Related to the Declared Willingness to Take Risky Actions" in the Journal of Behavioral Decision Making.Follow Financial Decoder for free on Apple Podcasts or wherever you listen.Financial Decoder is an original podcast from Charles Schwab. For more on the series, visit Schwab.com/FinancialDecoder. If you enjoy the show, please leave us a rating or review on Apple Podcasts. Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. All expressions of opinion are subject to changes without notice in reaction to shifting market, economic, and geopolitical conditions.Data herein is obtained from what are considered reliable sources; however, its accuracy, completeness, or reliability cannot be guaranteed. Supporting documentation for any claims or statistical information is available upon request.Investing involves risk, including loss of principal.All corporate names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Supporting documentation for any claims or statistical information is available upon request.This information is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, you should consult with a qualified tax advisor, CPA, Financial Planner, or Investment Manager.Diversification and asset allocation strategies do not ensure a profit and do not protect against losses in declining markets.Schwab Wealth Advisory™ ("SWA") is a non‐discretionary investment advisory program sponsored by Charles Schwab & Co., Inc. ("Schwab"). Schwab Wealth Advisory, Inc. ("SWAI") is a Registered Investment Adviser and provides portfolio management for the SWA program. Schwab and SWAI are affiliates and are subsidiaries of The Charles Schwab CorporationThe Schwab Center for Financial Research is a division of Charles Schwab & Co.There are certain eligibility requirements for working with a dedicated Financial Consultant. Apple, the Apple logo, iPad, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.Google Podcasts and the Google Podcasts logo are trademarks of Google LLC.Spotify and the Spotify logo are registered trademarks of Spotify AB.1123-3WNB
In today's Q&A Dev discusses:
After 2022's rollercoaster of soaring interest rates and plunging investment returns, sponsors of single-employer defined benefit plans face a key choice as they calculate the 2023 variable rate premium they'll pay to the Pension Benefit Guaranty Corporation (PBGC). Milliman pension actuaries Casey Baldwin and Ryan Cook spoke with Nina Lantz about using the full yield curve, not being afraid of the five-year lock-in, and how switching from the alternative calculation method to the standard method can mean the difference between a $100,000 premium and a premium of $1.7 million.You can read the episode transcript on our website.
Did you know that only 15% of private companies offer pension plans today? That's compared to 86% of state and local governments that have pension plans. Obviously, there are a lot of people that don't work for the government and don't have access to pension plans, though. Nevertheless, we see people with pension plans and help them all the time. If you have questions about pension plans, follow along here as we break down the differences between defined benefit and defined contribution plans. Retirement Plan Checklist: https://www.modwm.com/retirement-plan-checklist/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=pension-plans What to Do with a 401(k) After Retiring: https://youtu.be/FtOr-DU-nms Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k What Is Longevity Risk and How Do You Plan for It?: https://youtu.be/OMoWFA7_NiE Maximizing Social Security Benefits: https://youtu.be/r2mb_UpN-lw Start Planning: https://www.modwm.com/retirement-planning-tool/radio/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=pension-plans Schedule: https://www.modwm.com/meet-with-a-top-financial-advisor-in-kansas-city/?utm_source=AWMS_Pod&utm_medium=AWMS&utm_campaign=pension-plans Check out our other podcast! The Guided Retirement Show: https://www.youtube.com/c/theguidedretirementshow
Questions From the Flight Deck: What do we do with large retro/bonus checks? Is a cash balance plan any good? Meat of the Mission: Never spend more than they make. How? Habit Patterns... What type of spend Spend money on fun stuff; Leisure, fun, travel Don't spend money on stuff that does not add value – cut it out. YNAB, EveryDollar, or other apps. https://www.iwillteachyoutoberich.com/ Amelie Riendle Podcast (Flight #44 and Flight #27) Prepare more, plan more... What do you want to do in retirement? You can only sit on the beach or play golf so much. The #1 thing people do in retirement is watch television! Michael Finke. Know your retirement needs...it's expensive! Start a financial plan now to know your “number” for how much to save to meet your retirement financial goals. Don't let it be a lingering question. Simulate (software), practice...take some time off and live on the retirement budget. Deliberation, Planning, and Intention in and of themselves make people happier in retirement: (Michael Finke) E.g., Those that retire in accordance with their plan vs. Forced retirement. Both experience happiness, but forced retirement is a delayed happiness (3- 4 years). E.g., Those that move after retirement...not b/c they move but because they had a deliberate plan with intentionality. Control vs. Out of Control??? Michael Finke says “Invest in Imagination” Never compromise their health: exercise and eat right. Exercise not only helps you feel better in retirement but also helps mental capacity and cognitive health. Flight #58 Exercise and the Brain: The Neuroscience of Fitness Explored. “Exercise stimulates neurogenesis – the creation of new neurons – primarily in the hippocampus, influencing memory and learning while increasing key mood-regulating neurotransmitters. It also enhances brain plasticity, essential for recovery from injury and aging, and improves cognitive functions such as attention and memory.” Estimated that average couple will need $315k to cover medical expenses in retirement, excluding LTC (https://institutional.fidelity.com/app/item/RD_13569_42402/retirement-planninghealth-care-costs.html) Invest more in their relationships and always work to build new connections. (Michael Finke) “Dude...you're not as good at retirement as the women are.” Invest in relationships outside of work. Strongest predictor of life satisfaction during retirement: Relationship with your spouse – huge impact, good and bad. Highest statistical significance. Marital counseling to prepare...? (Valuable investment) Friends – Second highest statistical significance. Your kids – not as significant...statistically and FB comments online. Takeaway – Invest in your marriage...invest in friendships outside of work. Plan, prepare for taxes...it is a large (frustrating) expense What are the financial AND emotional costs of paying too much taxes in retirement? RMDs – when not needed? Legacy planning: Roth, 529, Brokerage account. Practical side: HSA, Roth, Cash, Taxable Brokerage The right mindset – what is money? It does not make you happy... Money is paper or numbers on a computer screen...E.g., bricks to build a house. Pre-Retirement: Don't allow money to make you miserable... Examples of how money ALONE has made people miserable By chasing after it too much...like a trophy Airlines are great b/c fly more = more pay. BUT... Money is a tool to reduce stress and increase your enjoyment...there are other tools! Post-Retirement: It's okay to spend your retirement money on frivolous stuff... Example, people spend from pensions but not on IRAs, 401ks. Defined Contributions versus Defined Benefit. Finke example: Mom has a pension and spends every dollar happily, but refuses/hates to draw from her IRA Understand what truly DOES make you happy in retirement – you must invest in these three things: Finances Health Relationships Realize there are things that you cannot control – Realize that you have more control (of other areas) than you realize: Example – Short-term stock market gyrations versus your own personal inflation. Example – Our country's debt crisis – saving more to prepare. Example – Higher inflation and taxes in the future – save more to prepare. If things go really badly – you'll be glad you prepared, saved, etc. Example – MGP “bad timing” scenario – 2008-type retirement for airline pilots at age 60. Be an Ant during working years and be a Grasshopper in retirement (up to a point). Though Aesop's fable is regarded as a lesson in thriftiness, “grasshoppers” are likelier to smooth their spending over their lifespans. Don't wear thriftiness as a badge of honor- you saved to consume later- hint, it is now later! (https://www.aaii.com/journal/article/grasshoppers-and-ants-in-retirement) Don't compare (especially finances) – live someone else's values. Comparison is the thief of joy! From this article: “Feelings of jealousy, frustration, and hopelessness emerge if comparisons continue. If left unaddressed, chronic anxiety and depression can stem from such behavior.” Avoid comparing other peoples' "outsides" to your own "insides" When, if ever, is it okay to compare yourself to someone else? How to prevent comparison from limiting your success and peace of mind? Even if we do not want to think about it, our mortality is real. Should we spend the money today or wait until tomorrow? How many pieces should I cut “the financial cake” into not knowing how many years we shall be here. Very few get to spend the last dollar at the last second of life. How do we create a good retirement under so much uncertainty? Consider your legacy not “at the end of life” but 50 years from now. Helps to consider mortality and legacy that you want to leave financially.
In this companion episode to our look at SECURE 2.0 and defined contribution (DC) plans, Milliman employee benefits expert Nina Lantz explores how the new retirement law affects single-employer pensions. She talks with Milliman Consulting Actuary William Strange about what it means for retirement that life expectancy is rising more slowly, how companies can incentivize long-term employees, and why a reduction in insurance premiums could make corporate pension plan sponsorship appealing again. You can read the episode transcript on our website .
#BRNWeekly #1268 | North Dakota Closes its State Defined Benefit Pension Plan & More | Arianna Esposito, Dave Lee, Scott Miller & Deidre Woollard | #Tunein: broadcastretirementnetwork.com or your #favorite #streaming / #podcast / #smarttv / #localtv / #digital #platform
#BRNAM #1264 | North Dakota closes the State's Defined Benefit Plan | Scott Miller, Executive Director, North Dakota Public Employees Retirement System | #Tunein: broadcastretirementnetwork.com or your #favorite #streaming / #podcast / #smarttv / #localtv / #digital #platform
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in Money Matters, which aired on Friday 14 April 2022. Both Luke and Leon return to the studio after last Friday’s Good Friday public holiday. They start the show by talking about Luke’s just released new book ‘Smart Money Strategy’. The topic this week though is … Luke on 2CC – Defined benefit funds and income tax deductions Read More »
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The Defined Benefit Plan is a pre-approved retirement plan solely for business owners or self-employed individuals who want to take advantage of massive tax savings each year in order to accelerate their retirement. We discussed exactly what this plan is in our first podcast episode, but we realize there are still many outstanding questions. For example, what are the limitations? How flexible is the plan? More broadly, what exactly is one getting themselves into by utilizing this plan? In part 2 of the Defined Benefit Plan podcast, we discuss those outstanding questions, highlighting exactly how the plan works for those that qualify.
The Defined Benefit Plan is a pre-approved retirement plan solely for business owners or self-employed individuals who want to take advantage of massive tax savings each year in order to accelerate their retirement. We discussed exactly what this plan is in our first podcast episode, but we realize there are still many outstanding questions. For example, what are the limitations? How flexible is the plan? More broadly, what exactly is one getting themselves into by utilizing this plan? In part 2 of the Defined Benefit Plan podcast, we discuss those outstanding questions, highlighting exactly how the plan works for those that qualify.
If you are a small business owner or independent contractor with a high income who is tired of paying the government too much in taxes, you need to watch this! This little-known, IRS pre-approved retirement plan called The Defined Benefit Plan, can save you more in taxes than you thought was possible and help accelerate your retirement timeline. In this first episode, we provide an overview of the plan and discuss how it could help you.One of our clients who recently implemented the plan said “Instead of writing a check for $40,000, I am now receiving a refund.” That's right, money back from the IRS. If you qualify, this strategy could mean tens of thousands of dollars back every year!
If you are a small business owner or independent contractor with a high income who is tired of paying the government too much in taxes, you need to watch this! This little-known, IRS pre-approved retirement plan called The Defined Benefit Plan, can save you more in taxes than you thought was possible and help accelerate your retirement timeline. In this first episode, we provide an overview of the plan and discuss how it could help you. One of our clients who recently implemented the plan said "Instead of writing a check for $40,000, I am now receiving a refund." That's right, money back from the IRS. If you qualify, this strategy could mean tens of thousands of dollars back every year!
In the first 2023 episode of HL PensionsPod, Pension partners Katie Banks and Duncan Buchanan look at the year ahead for defined benefit pension schemes, discussing the changes in the political and regulatory landscape, and what is to come for trustees and administrators including pensions dashboards, new DB funding code, TCFD reporting and more.
Today we discussed my fitness & nutritional routine when preparing for running events. We also went over a brief economic update, and talked 10-k reports. Download, Rate, Comment, & Subscribe to the Podcast for more Episodes. Follow me on Instagram @leonbenson2. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/passionpurposeperspective/support
Some crucial components of effective retirement planning include saving early and regularly, making good investments, and creating a budget for expenses. In this week's episode of Grow Money Business, Grant dives into defined-benefit pension plans. Throughout the episode, we talk about the specifics of a defined-benefit pension plan, different types of tax-advantaged retirement plans, benefits, investment performance, and more. [03.03] Defined-benefit pension plan – Grant explains what a defined-benefit pension plan is. [08.53] Creating a defined-benefit plan – Grant dives into the process of creating a defined-benefit pension plan and how it benefits single business owners, LLCs, or S corporations. [14.05] Investment performance – Grant explains the relationship between the success of a pension plan and investment performance. [22.32] Pension assets – Grant describes what happens when pension assets become volatile and some best practices for avoiding volatility. [26.52] CalPERS/ CalSTRS – Grant ties in the California Public Employees' Retirement System and California State Teachers Retirement System. [31.14] Defined-contribution plan – Wrapping up the conversation, Grant shares the impacts you can have on your defined-distribution plan if you create a defined-benefit plan. Resources Defined Benefit Plan - www.irs.gov/retirement-plans/defined-benefit-plan Personal Defined Benefit Plan - www.schwab.com/small-business-retirement-plans/personal-defined-benefit-plan What Is a Defined-Benefit Plan? Examples and How Payments Work - www.investopedia.com/terms/d/definedbenefitpensionplan.asp
BRN AM | Reconnecting Defined Benefit and Defined Contribution Plan Investment Structures | Marco Merz, CFA, University of California Office of the President | Tunein: broadcastretirementnetwork.com or your favorite streaming / podcast / smarttv platform
Ron Whittingham, co-owner of Megent Financial joins the host of Your Money Matters Jon Hansen to talk about pensions. Ron describes the uniqueness of financial planning specifically for people with defined-benefit pension plans. Megent Financial is a proud sponsor of the new radio show, The Workers' Mic, heard every Sunday morning at 8 AM right here […]
Nick Archulet, President of North Dakota United, is on Afternoons Live with Tyler Axness to discuss potential changes to the retirement plan for state employees in North Dakota.See omnystudio.com/listener for privacy information.
The swift rise in inflation and worries about a potential recession have taken a financial and emotional toll on employees. In this episode, financial and wellbeing experts — Martha Leiper, Carl Gagnon and Laurie Mitchell — share their insights about what's driving inflation and the practical steps organizations can take to support the people that power their business. Key TakeawaysSeveral factors are increasing the inflation pressure on the economy. Many businesses are grappling with rising supply costs and shortages, as well as a tight labor market and wage inflation. And businesses are having to pass those costs to their customers. [7.12]Workers are often not aware about their employer's resources. Most employers offer some resources for emotional and mental health wellbeing and it's important to build awareness around them before workers get to a place of severe stress. [12:48]Know your risk tolerance. Take control of what you can. “A time of turmoil is not a time to panic and sell your investments, because you will be selling at low valuation. “If you're close to retirement, you should be out of the more volatile securities,” said Martha Leiper. “But if you're young in your career, don't panic, these types of times tend to create good buying opportunities, and the markets will correct, and your savings will grow over time.” [13.59]Diversify savings to ride economic cycles. Offer employees more saving options to respond to different needs, such as building an emergency savings fund, and asset diversification for their retirement plans. [17.13]Engage employees in different ways. Find a balance in addressing the benefit needs of a diverse workforce. And offer workers easy options to engage, including in-person, phone and virtual. [22:09]Design programs across the spectrum of total rewards. Employees want to engage, but they're also concerned about their personal privacy. “Whether you're dealing with financial or mental health — it's about engaging the employees to use the tools that are there and being pleasantly surprised at what those tools can offer an employee,” said Carl Gagnon. [22:36] Featured Speakers Martha LeiperExecutive Vice President and Chief Investment Officer, UnumMartha Leiper is responsible for the investment and asset management strategies of Unum's portfolio. She serves on the Board of Directors for the Chattanooga Food Bank and River City Company, and on the Investment Committee with the Chattanooga Community Foundation. Carl GagnonAssistant Vice President, Financial Wellbeing & Retirement Programs, UnumCarl Gagnon is responsible for the day-to-day operations, regulatory oversight and compliance of the Unum global financial well-being and retirement programs, including the Defined Benefit, Defined Contribution and Non-Qualified retirement plans and various flex benefit programs offered within its international operations. Laurie MitchellAssistant Vice President, Global Wellbeing & Health Management, UnumLaurie Mitchell took a slightly nontraditional career path for a registered dietitian nutritionist and has been leading comprehensive employer-sponsored population health and well-being strategy for more than 22 years. Her work focuses on actively engaging employees in their well-being through a mix of innovative programs, benefits, policies and health-forward environmental approaches.
Checking in with a wealth advisor about planning for the future in our current economic climate. In seasons of economic uncertainty, it's more important than ever to have a solid financial plan. In this episode, wealth advisor Jerry St-Cyr shares some of the most important considerations to keep in mind about retirement planning, long-term care insurance, and investing in today's market. He also explains why he's so passionate about helping women secure their financial independence, and he shares a preview of his upcoming book, WOMANITY! A Tribute to Women. Jerry St-Cyr is a wealth advisor with New York Life Insurance Company, where he focuses on retirement, financial, and legacy planning. Jerry previously worked as a financial advisor at Morgan Stanley and a global business leader in sales management, marketing, business development, and corporate negotiation. Jerry is also the author of two books, My Wine Guide (made simple) and WOMANITY! A Tribute to Women. Key Insights: Jerry's perspective on our current economic situation Why retirement planning needs to evolve What to include in your financial plan When to start investing in long-term care insurance Investing in today's market Jerry's new book and his efforts to celebrate women Subscribe to this podcast to build your healthy financial foundation through expertise, insights, strategies, tactics, wisdom, and inspiration from Alpha Investing's community of professionals, advisors, investors, and members: Apple - Spotify - Google - TuneIn - Stitcher - iHeartRadio Guest Bio: Jerry St-Cyr is a wealth advisor with New York Life Insurance Company. Prior to this role, Jerry was a Financial Advisor for five years at Morgan Stanley focusing on retirement, financial and legacy planning for families in the Tri-State area. Prior to that, he was a multi-dimensional global business leader with executive-level sales management, marketing, business development and corporate negotiation experience in North and South America, Europe and Asia. Jerry still focuses on retirement, financial and legacy planning. His other areas of expertise lie in 401K and Defined Benefit plans. His target audiences include women, small business owners, doctors' and lawyers' offices, religious organizations and successful individuals and families in the Tri-State area. Jerry received his Bachelor's Degree in Commerce with a major in Marketing from McGill University in Montreal, Canada. He also studied Strategic Negotiations at Harvard, the Executive Development Program at the Wharton School of Business, International Project Management at IMD Business School in Switzerland and Finance and Leadership at the Singapore Institute of Management. Jerry is also an accomplished author of two books: My Wine Guide (made simple) and WOMANITY! A Tribute to Women. Resources: Real Wealth Real Health Alpha Investing podcast@alphai.com gmstcyr@comcast.net Learn more about your ad choices. Visit megaphone.fm/adchoices
One question that I've been getting asked a lot, both from listeners of the podcast, as well as those in my investing course, is how to deal with and optimize any sort of investments through your work. Typically, in Canada, when you work for a mid-size or large organization, you'll either be part of a defined contribution pension plan, or a defined benefit pension plan. We're going to cover both types of pensions in this interview, and specifically, some of the things we'll cover are: How should a pension factor into how you view your finances/investments? (And again, this is all going to be for both types of pensions, no matter which one you have). What should your portfolio look like with a pension (i.e. more equity than bonds?), especially depending on the type of pension that you have. How to factor a pension into an early retirement. The tax implications of potentially taking a buyout for early retirement (if that's an option) We cover all that, and much more in the interview (scroll down for the full list of questions). Our Expert Guest: To help me with this, I have Robb Engen on the show, who is one of the most reputable fee-for-service financial planners that I know of in Canada. He also runs one of the largest and most reputable personal finance blogs in Canada called boomerandecho.com. He's regularly quoted or featured in financial media such as the Globe & Mail, MoneySense, the Financial Post, CBC, and Global News. He used to actually work for a university here in Canada, where he had one of those nice gold-plated pensions, but ended up transitioning from that to becoming self-employed, so he had to go through this pension analysis himself first-hand on what to do when you have a pension, and then no longer wish to stay with that employer. Because of his background, first-hand experience with pensions, and fantastic reputation in this space here in Canada, I thought he'd be a great fit for this episode, as he's gone through these options and this analysis himself, so it's not just some theory that we're going to be talking about here. Resources Mentioned: Robb's Site: BoomerAndEcho.com Robb's Fee-for-Service Financial Planning Page: https://boomerandecho.com/fee-only-advice/ You can get your free Passiv account here: BuildWealthCanada.ca/free My guide on how to redeem your free premium account upgrade in Passiv is here: BuildWealthCanada.ca/passiv You can view the stock/equity side of my portfolio (what I invest in and how much of each ETF type I buy) here: BuildWealthCanada.ca/portfolio The account that I use for the safe part of my portfolio is here (I use the high-interest savings account, but they also do GICs if you are willing to lock in the money for a bit to get a higher rate): BuildWealthCanada.ca/safe Questions Covered: To start things off, can you take us through what the main pension types are for Canadians, and what are the key differences between them? How should the 2 different pension types factor into how you view your finances and investments? What should your investment portfolio look like, depending on the type of pension that you have? (ie. more equity than bonds if you have a defined benefit pension?) How do you factor in a pension into an early retirement? (for both pension types) What are the tax implications of potentially taking a pension buyout for early retirement? (if that's an option) Robb, you had a defined benefit pension when you worked at the university before becoming self-employed as a fee-for-service financial planner. Can you take us through how you decided between keeping the pension vs receiving the buyout? What are the pros and cons of each approach? When you have a defined benefit pension plan, your RRSP contribution room gets reduced. This begs the question of whether employees with good defined benefit pension plans should even bother with RRSPs. Let's also tackle this question for those with a defined contribution pension too. Let's talk about our investment options with the two different pension types. For people with defined benefit pensions, do they have any options in terms of how much to contribute, and what that money goes into? (ex. Something environmentally or socially conscious (ESG), something more aggressive, more conservative, etc?) For defined contribution pensions, you definitely have to pick what the money goes into but it can be overwhelming analyzing and choosing from the different investment options offered by the company that your employer has selected. When you speak to a client that is struggling with this, is there a certain process or approach that you suggest to them to help them decide on what investments to pick? I've gotten asked this a lot by students of my investing course so I came up with a process that I thought I'd share. Robb, feel free to jump in if you have anything to add or if you disagree on anything and that way listeners have a nice step-by-step process from both of us that they can use. Can you take us through some common mistakes that you see people do with the two different pension types? Thanks so much for coming on again Robb. We look forward to seeing you at the Canadian Financial Summit again this year as one of the speakers. Tell us again where we can see more of your, content, research, and learn more about your practice?
July 2022 – Focusing on the impact of increasing yields on LDI strategies In this podcast you will hear the key pension news from the last month summarised by Aon's Ricky Marsh. This month Ricky is joined by Aon's Colin Cartwright to discuss the impact of the recent increases in bond yields on Defined Benefit pension schemes, with a particular focus on schemes with LDI strategies in place.
June 2022 – Focusing on the impact of high inflation on members In this podcast you will hear the key pension news from the last month summarised by Aon's Ricky Marsh. This month Ricky is joined by Aon's John Foster and Lynda Whitney to discuss the impact of the current high inflation environment on members of both Defined Contribution and Defined Benefit pension schemes, and how schemes can help their members to deal with this. Further information: Register for Aon's 2022 Pension Conference Series: https://www.aon.com/2022-pension-conference.aspx Read Paul McGlone's LinkedIn post on pension increases: https://www.linkedin.com/posts/paul-mcglone-9ab20435_a-lot-has-been-said-about-how-pension-increases-activity-6929354410108051456-5XJR?utm_source=linkedin_share&utm_medium=member_desktop_web
Michelle Teng, vice president and co-head of the private assets research program in PGIM's Institutional Advisory & Solutions (IAS) group, speaks with Julia Newbould, acting editor at Investment Magazine about how climate change and early release schemes can affect super funds and the wider economy.
Even casual observers know that, over the past several decades, the nation's retirement system has evolved from a predominantly defined benefit system to a predominantly defined contribution system. That said, there are still nearly 47,000 defined benefit plans in the United States, (half of which are insured by the Pension Benefit Guaranty Corporation, or PBGC), covering almost 33 million people and totaling more than $3.2 trillion in assets. On this past New Year's Eve, the PBGC's Participant and Plan Sponsor Advocate, Connie Donovan, issued the 2021 Annual Report of the Participant and Plan Sponsor Advocate, highlighting the agency's successes and improvements, as well as areas of lingering concern. (See the report here: https://www.pbgc.gov/documents/2021-annual-report-participant-and-plan-sponsor-advocate) In this episode, Donovan speaks with host Jason Hammersla about the customer experience with PBGC, including what she has characterized as “internal administrative issues” within the agency.
The Great Resignation has led a lot of people to start out on their own, however there are a lot of challenges and questions on the road to becoming a “Solopreneur”. Are there financial land mines I'm missing? Am I paying too much in taxes? Should I save more? In this week's episode of The Market Call Show, I sit down with Gabe Nelson, author of The Solopreneur's Money Manifesto, a guide to help solopreneurs secure a financial plan for the future and gain freedom to build the life they've always wanted. In this episode you'll hear: Gabe's background and how he got to where he is today The differences in financial planning when you start your own business and become a solopreneur Solopreneurs and retirement planning options Safe Harbor plans Health insurance and the solopreneur Taxes, Defined Benefit plans, and Cash Balance plans Transitioning from working for someone to becoming a solopreneur Planning for long term care Key metrics to tracking your financial independence Please make sure to like, follow and subscribe on your favorite podcast platform! When you are ready, here are some ways we can help YOU with your investing and financial planning: Try the new RISK NUMBER SCORECARD Everyone has a risk number. Let's find yours. This tool can help you find YOUR personal risk number to have a peaceful investment journey – Click here Read the Financial Freedom Blueprint: 7 Steps to Accelerate Your Path to Prosperity If you're ready to accelerate your path to prosperity, Financial Freedom Blueprint lays out a proven system for planning and investing to secure your financial independence. – Click here You can also get a personalize signed hard cover copy – Click here Work with me one-on-one If you would like to talk about planning and investing for your future. – Click here
With modern administration measures, pension plans can be an executive's dream come true.In this episode, Aaron and Trishul discuss the other type of retirement plans, defined benefit plans AKA pensions. They start with the history of pensions and the emergence of ERISA. By calculating the benefit based on age and income, employers can fund significantly more on a pre-tax basis than defined contribution plans such as 401k's. They discuss the cons during the accumulation phase and the pros during the distribution phase. By understanding the math, both employees and employers can make better decisions related to pensions.Episode ReferencesHistory of the PensionWhat is an ERISA Bond?IRS: Defined Benefit PlanInvestopedia: Defined Benefit PlanUnfunded Pension PlanQualified vs Non-Qualified Benefit PlansPodcast DescriptionWelcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.
Gianna Thomson runs a financial planning firm with Fitzpatricks Private Wealth. She is renowned among her financial planning peers to be an expert in Commonwealth Superannuation due to her industry experience. She enjoys providing financial advice to senior public servants who would like to feel confident about their financial future and wish to receive the right advice regarding their complex defined benefit superannuation schemes. Her experience includes providing information, general and personal advice to PSS and CSS members for nearly 20 years. Prior to becoming a financial planner, she worked for ComSuper and the Department of Finance who look after the legislation and polices underpinning the Commonwealth civilian superannuation schemes. Connect with Gianna here: https://www.giannathomson.com.au/ https://www.instagram.com/gianna_financial_planner_cbr/ https://www.linkedin.com/in/giannathomson/ Thanks for listening! We love your support, please subscribe, review, comment and share this episode to help empower and educate more folks around the money stuff! Check out more about us here: www.moneymechanics.com.au www.scottmalcolm.com.au Check out our Financial Service Guide and Privacy Policy here. Follow and like us on socials: Instagram: @moneymechanics Twitter: @moneymechanics Money Mechanics Pty Ltd (ABN 64 136 066 272) is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd (ABN 47 097 797 049) AFSL and Australian Credit Licence No. 236523 General Advice Warning Information in this podcast has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained is General Advice and does not take into account any person's particular investment objectives, financial situation and particular needs. Before making an investment decision based on this advice you should consider, with or without the assistance of a qualified adviser, whether it is appropriate to your particular investment needs, objectives and financial circumstances. Past performance of financial products is no assurance of future performance. Product Disclosure Statements contain information necessary for you to make a decision whether or not to invest in financial products which may be mentioned in this podcast. Ideally we suggest you speak with a licensed financial planner and seek out personal advice!See omnystudio.com/listener for privacy information.
A look at defined benefit pensions and their uncertain future, including an understanding of the Pension Benefit Guaranty Corporation.