Pension Attention: Recent Episodes
Brad Barrett
Pension Attention is a show dedicated to helping firefighters and police officers take charge of their finances to build a life they love.
Your host Brad Barrett is a Managing Director and Partner at One Capital Management, a top ranked independent investment advisory firm managing $2B in assets for clients.
He has advised families in the Los Angeles City Fire Department for over 12 years, is an active member in Kingdom Advisors, a biblically based advisory network and holds the certified financial planning designation.
The evolution of retirement has been changing for decades and with people living longer than before, many people are wondering where they will end up when their time comes.
On this week’s show, Brad dives into the world of AI—how it’s transforming tools and insights, but still falls short of replacing a real advisor. From understanding your personal goals to building trust, some things only come from human connection. AI is smart, but it’s not in your corner the way an advisor is. Brad explains why that still matters when it comes to managing your portfolio.
Show Highlights Include:
- Numbers vs. Nuance (2:30)
- Data vs. Context (3:30)
- Behavior Beats Brilliance (4:30)
- Planning Is Personal (6:00)
- Tools vs. Trust (7:30)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
The evolution of retirement has been changing for decades and with people living longer than before, many people are wondering where they will end up when their time comes.
On this week’s show, Brad breaks down the six essential questions every good financial advisor should ask. He dives into the what's, why's, how's, and when's—giving you the tools to set yourself up for financial success.
Listen Now!
Show Highlights Include:
· Asking About You (5:00)
· What Do You Have? And Why? (7:00)
· How Will You Use It? (11:00)
· When Will You Use It? (15:00)
· How Much? (18:00)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
The evolution of retirement has been changing for decades and with people living longer than before, many people are wondering where they will end up when their time comes.
On this week’s show, Brad breaks down the top four reasons most financial advisors avoid recommending these assets. From high volatility and elevated risk to unproven track records, he explains why many advisors choose not to manage or endorse them for their clients.
Listen Now!
Show Highlights Include:
· Our Preconceived Notions (1:30)
· High Volatility (9:00)
· Lack of Regulation (10:00)
· Unproven Track Record (10:30)
· Advisors Concerns About Risky Assets (11:15)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
The evolution of retirement has been changing for decades and with people living longer than before, many people are wondering where they will end up when their time comes.
On this week’s show, Brad takes on a topic that a lot of us are worried about right now…recessions. With many pundits forecasting a recession hitting this year, he’s serving up the six indicators of a recession that you need to be watching out for. And as a bonus, giving you a couple benefits of recessions that prove there’s a silver lining to ever dark cloud.
Show Highlights Include:
• Fears Of A Recession On The Rise? (2:00)
• Recession Stats (4:25)
• 3 Primary Indicators Of A Recession (8:15)
• 3 Secondary Indicators (11:15)
• Recessions Aren’t Necessarily Bad (13:00)
Listen Now!
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
The evolution of retirement has been changing for decades and with people living longer than before, many people are wondering where they will end up when their time comes.
On this week’s show, Brad reveals the emotional twists and turns of managing money — and empowers you with the strategies to take control and build the financial life you deserve. Listen Now!
Show Highlights Include:
- The Ups and Downs (2:00)
- Side Effects of Financial Stress(6:00)
- Talk To Someone (7:00)
- Take Inventory and Make a Plan (9:30)
- Manage Stress (15:00)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
The evolution of retirement has been changing for decades and with people living longer than before, many people are wondering where they will end up when their time comes.
On this week’s show, Brad addresses all the fear that’s spreading around volatility in the market and what investor’s fear most…a crash. We’re taking a look back at the history of crashes in this country to find out what we can learn from our past, and giving you tips on what you can do to protect your portfolio from a future crash.
Listen Now!
Show Highlights Include:
• Crashes Can Be Scary (2:00)
• 3 Phases Of A Crash (4:15)
• This Is Nothing New (10:00)
• What To Do…Nothing (12:00)
• Protection through Diversity (15:30)
• Know Your Risk Tolerance (19:00)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
The evolution of retirement has been changing for decades and with people living longer than before, many people are wondering where they will end up when their time comes.
On this week’s show, Brad talks about the four most valuable things that we can invest in outside of your portfolio…and SURPRISE...they’re not what you’re thinking! Where are you spending your time? Are you taking care of your health? Answers to these questions and more tips on building wealth, gaining health, and finding happiness.
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Show Highlights Include:
· We’ve gone through this before (4:00)
· Building a Solid Foundation (6:00)
· Where is your time being spent? (8:00)
· Health and our wealth (11:30)
· Planning gives peace (15:00)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
The evolution of retirement has been changing for decades and with people living longer than before, many people are wondering where they will end up when their time comes.
On this week’s show, Brad tackles tariffs, unveiling a few truths that might be getting lost in all the bi-partisan back and forth. He also gives a little insight into how tariffs are affecting the market and how financial advisors can help you fund success within all the uncertainty.
Listen Now!
Show Highlights Include:
- How Tariffs Are Used (4:00)
- Different Kinds Of Tariffs (6:00)
- Some Unexpected Effects (8:30)
- Some Cons On The Horizon (11:00)
- How Tariffs Relate To The Market (14:30)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
The evolution of retirement has been changing for decades and with people living longer than before, many people are wondering where they will end up when their time comes.
On this week’s show, Brad talks about a few hot topics that are dominating the new cycle right now. What’s going on with these tariffs? What the heck is DOGE doing? Why are the markets so volatile? All you need to know and more!
Listen Now!
Show Highlights Include:
• The Tariffs Trump Wants (2:30)
• Market Volatility Can Be An Opportunity (5:15)
• An International Tug Of War (8:00)
• Tariffs Are Nothing New (10:40)
• What Is DOGE Doing? (14:00)
• Some Tips To Weather The Storm (17:00)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
How To Build Wealth
The evolution of retirement has been changing for decades and with people living longer than before, many people are wondering where they will end up when their time comes.
On this week’s show, Brad talks about the differences between being rich and being wealthy, and shares practical steps on how to build wealth.
Listen Now!
Show Highlights Include:
- What’s the definition of wealth (1:30)
- What is enough? (5:10)
- Step 1 is simple (8:30)
- Break glass in case of emergency (10:25)
- The importance of taxes (13:15)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
How To Build Wealth
The evolution of retirement has been changing for decades and with people living longer than before, many people are wondering where they will end up when their time comes.
On this week’s show, Brad talks about the differences between being rich and being wealthy, and shares practical steps on how to build wealth.
Listen Now!
Show Highlights Include:
- What’s the definition of wealth (1:30)
- What is enough? (5:10)
- Step 1 is simple (8:30)
- Break glass in case of emergency (10:25)
- The importance of taxes (13:15)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
How To Build Wealth
The evolution of retirement has been changing for decades and with people living longer than before, many people are wondering where they will end up when their time comes.
On this week’s show, Brad talks about the differences between being rich and being wealthy, and shares practical steps on how to build wealth.
Listen Now!
Show Highlights Include:
- What’s the definition of wealth (1:30)
- What is enough? (5:10)
- Step 1 is simple (8:30)
- Break glass in case of emergency (10:25)
- The importance of taxes (13:15)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
The evolution of retirement has been changing for decades and with people living longer than before, many people are wondering where they will end up when their time comes.
On this weeks show, Brad examines an important question that every investor needs to ask. Is the stock market overvalued?
Listen Now!
Show Highlights Include:
- The ballad of Clarence and Grace Woolsey ( 2:00)
- The importance of determining value (5:20)
- The magnificent value of the Magnificent 7 (8:45)
- What contributes to overevaluations (10:25)
- There’s always opportunity (14:45)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
The evolution of retirement has been changing for decades and with people living longer than before, many people are wondering where they will end up when their time comes.
Today, Brad discusses having a balanced approach to your investing life and the value of failure.
Listen Now!
Show Highlights Include:
- We look like our habits. (1:47)
- Don’t be afraid to shoot your shot. (4:45)
- Talk about your failures. (7:45)
- Our growing government. (11:35)
- The 60/40 investment rule. (13:08)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
The evolution of retirement has been changing for decades and with people living longer than before, many people are wondering where they will end up when their time comes.
Today, Brad discusses what to know about the newly passed Social Security Fairness Act, and takes a look at what Wall Street is predicting for 2025.
Listen Now!
Show Highlights Include:
- The Social Security Fairness Act (1:45)
- Managing 2025 Predictions (6:00)
- What Wall Street Is Saying (7:30)
- Understanding the S&P 500 (9:45)
- Importance of Diversifying (11:00)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
The evolution of retirement has been changing for decades and with people living longer than before, many people are wondering where they will end up when their time comes.
Today, Brad takes a deep dive into American politics to find out if presidential elections affect the stock market.
Listen Now!
Show Highlights Include:
- Update on Show Delays. (:40)
- A look at 2000 election. (5:30)
- Y2K got Weird. (8:00)
- 2020 elections during a pandemic. (11:30)
- Seeing volatility during elections. (18:30)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
With recent volatility in the market, it is easy to panic. However, what may look one way, could mean opportunity!
On today's show, Brad addresses our concerns as it pertains to current market shifts, reminding us all that this is not uncharted territory and to just stay the course.
Listen Now!
Show Highlights Include:
- This Has Happened 17 Times. (2:17)
- Retirement Dates Are Chapter Transitions. (6:40)
- The Butterfly Effect And Global Markets. (8:40)
- Why Not Own Concentrated Positions? (12:39)
- It’s Mundane, Yet So Important. (14:05)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Recently, Former President Donald Trump proposed that the U.S. replace taxes with tariffs. This had politicians on both sides of the aisle scratching their heads. Although this could be a good idea, “in theory”, it will not likely happen.
Today, Brad gives a little history on tariffs and taxes, along with some unbiased data and insight.
Listen Now!
Show Highlights Include:
- Is It ALL It Is? (1:37)
- Battleship In A Bathtub. (6:21)
- Trying Again And Again, Until It Works. (8:03)
- History Of Tariffs And Taxes. (10:36)
- When There’s No Pain To You, It Doesn’t Matter. (13:08)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Ready or not, we have an election coming up this November and many of us are bracing to see how the market responds. But do elections REALLY have an affect on the stock market?
Today, Brad takes us through a 100 year timeline on election data and how it coincides with the U.S. market. The results may surprise you.
Listen Now!
Show Highlights Include:
- The Stage Is Set. (2:16)
- “Mr. Boring’s” Method Actually Works. (6:12)
- What Does It REALLY Look Like? (9:28)
- How Do They Close The Inequality Gap? (12:04)
- Allowing THIS To Work, Is Key. (17:05)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
If you have been following news pundits on the subject of inflation, you might be scratching your head, but also becoming a little impatient… for good reason.
Today, Brad walks us through discussions in the media regarding inflation and interest rates. And with so many rumors and opinions, it is hard to find the real story. We have you covered!
Listen Now!
Show Highlights Include:
- Right Money, Wrong Denomination. (3:31)
- Moving From Scarce Reserve, To Abundant Model. (5:28)
- Super Core Inflation. (9:03)
- Less Wrong More Often. (11:04)
- Don’t Be Sold A Bill Of Goods. (13:32)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Would it surprise you that the global population over the age of 65 is expected to double from 10% to 20% by the year 2060? This increase in longevity concerns MANY people, as it pertains to their retirement.
On today’s show, Brad takes us through 3 ways all of us can address the question of, “Will I have enough money in retirement?”
Listen Now!
Show Highlights Include:
- A Great Achievement, But Greater Risk? (2:24)
- The Most Important Thing. (5:26)
- Only 1/2 Of The Story. (8:39)
- A Road Traveled Before. (12:15)
- Enjoyment… The Goal Of Everyone. (14:28)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Behavioral traits have a lot to do with the success and failure of managing our money. Today on the show, Brad shares 5 habits we should all stay away from, that could be keeping us “broke” or simply hindering us from reaching our financial goals.
Listen Now!
Show Highlights Include:
- Habit 1: Overspending. (4:35)
- Habit 2: Waiting For The Wrong Reasons. (6:03)
- Habit 3: Taking On Too Much Debt. (8:20)
- Habit 4: Not Paying Attention. (11:18)
- Habit 5: Not Understanding Limited Beliefs. (12:50)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Having the right team around you, matters... especially when it comes to our money. Today, Brad breaks down the 7 million dollar contract Shohei Ohtani signed with the LA Dodgers this off-season. The way it is structured will shock you… but there is much we can learn about planning for the future.
Listen Now!
Show Highlights Include:
- The Largest MLB Contract In History. (2:10)
- Age Is Only A Number. (4:55)
- It's Hard To Beat The Team Approach. (6:48)
- Taxes Are At The Top Of The List. (12:01)
- What Is Your Batting Average? (15:50)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Dating back to the 13th century, the "Grain of Rice" fable has long been told in order to teach the simple concept of compound interest.
Today, Brad shares this important tale and how it relates to the Rule of 72. You don't want to miss this tried and true investing tip!
Listen Now!
Show Highlights Include:
- The Grain Of Rice. (2:50)
- Seeing The Light. (7:27)
- Why You Should Think Long-Term. (9:05)
- Even If The Truth Hurts. (11:01)
- The Rule Of 72. (12:47)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Perception and interpretation are very different… and when it comes to the economy, these can get very convoluted. Those who are more optimistic may see a more promising year and those who are more pessimistic could be more skeptical.
On today’s show, Brad breaks down the famous and ambiguous illustration of the Duck and Rabbit, and how we should be looking at the economy as a broader picture.
Listen Now!
Show Highlights Include:
- The Duck / Rabbit Picture. (1:23)
- A Promising Or Struggling 2024 Economy? (3:41)
- The Perception Of One, Voids The Other. (5:35)
- We Must Look At The Whole Picture. (7:01)
Source: https://en.wikipedia.org/wiki/Rabbit%E2%80%93duck_illusion
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
The evolution of retirement has been changing for decades and with people living longer than before, many people are wondering where they will end up when their time comes.
Today, Brad discusses where we are versus where we have been when it comes to retirement, reminding us all that our age does not really matter.
Listen Now!
Show Highlights Include:
- Age Is Just A Number. (1:40)
- Looking Back To See Forward. (4:25)
- Breaking Down A Legged Monster. (10:41)
- Contribution, Prevention And Delegation. (14:39)
- It’s Not Your Grandma’s Retirement Any More. (20:22)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
With 2024 comes an election year, and a top concern for many of us will be the economy. However, the big question will be... “Will there be any clear answers to what is broken?”.
Today on the show, Brad paints a clear picture to what has happened over the course of a few years regarding government spending and reminds us to look in the mirror and put our own money in perspective.
Listen Now!
Show Highlights Include:
- Cats And Dogs. (1:15)
- A Spending Rundown. (3:25)
- Budget Battles. (6:32)
- Looking Into The Mirror. (9:46)
- It’s Going To Get Hot And Heavy. (12:20)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
With 2023 behind us, it is always good to reflect on the year we had but more importantly what lies ahead in 2024.
On the first show of the new year, Brad talks what the "experts" got right and what they got wrong in 2023... reminding us that no matter how this year turns out, we must ask ourselves, "Can my portfolio weather a storm?".
Listen Now!
Show Highlights Include:
- Tiger Woods Was Not A Winner. (1:42)
- Is Your House In Order? (6:04)
- Experiencing Bear Markets Gets Easier. (10:15)
- What Dominates Your 50,000 Thoughts? (12:44)
- Can Your Portfolio Weather A Storm In 2024? (13:56)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
We have all heard the true story of Christmas... The Savior, Mary and Joseph, the stable and wise men, but there is a different way to look at it.
Today on the show, Brad sheds light on the In Keeper who only had a stable for for Mary and Joseph. This new perspective may surprise you!
Listen now.
Show Highlights Include:
- The Story Of Old. (1:38)
- An Abuse Of Power. (4:23)
- Love Conquers All. (6:25)
- A Great Reset. (8:10)
- Focus On The Good. (11:15)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Where are you in your financial world? Are you looking to buy or sell? These have different pain points regarding current interest rates. However, making sure we take a global view as it relates to how those rates got here and where we are going, may be a great perspective.
Today on the show, Brad discusses what the Federal Reserve should do in 2024 as it relates to the broader economy.
Listen now.
Show Highlights Include:
- Neutral Or Natural Rates? (2:20)
- It Is NOT Time To Claim Victory. (6:10)
- Remember Mark To Market Accounting? (8:39)
- Looking Behind The Curtain. (12:28)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
It is easy to get caught up with current events going on around the world and even what is going on in the markets. With information at our fingertips, distractions are an every day occurrence… the same goes with our money.
Today, Brad’s challenges us to think about and discover the purpose of our money as it relates to our investments, retirement and the goals we set out to achieve.
Listen now.
Show Highlights Include:
- The Screwtape Letters. (1:34)
- Stay In Your Lane. (4:10)
- If You Quit Working Tomorrow. (7:12)
- Like A Ride At Six Flags. (10:40)
- Bold Prediction. (14:09)
- You Are Not Less Than. (18:11)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Dating back to the first ever Thanksgiving, it’s been a celebration that we all benefit from... COMING TOGETHER, especially when we disagree. The truth is, you can’t have financial freedom without political freedom and that means caring for and defending others you disagree with.
In this episode, you’ll discover the true importance of Thanksgiving and how you can get along with other people in your family despite your differences.
Listen now.
Show Highlights Include:
- How the first Thanksgiving helps you avoid pointless political fights with your family over the holiday season. (3:23)
- Why Thanksgiving helped America reunite after the Civil War. (5:41)
- How inviting your friends to your Thanksgiving feast makes you feel even more grateful. (7:13)
- Why caring for and defending others is the foundation of our great nation (even when you disagree). (8:42)
- How political and financial freedom go hand in hand to help you thrive. (11:15)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
We have all heard the phrase, “Nothing Is FREE”. But not all prices appear on labels… in particular the markets and volatility.
On today’s show, Brad helps us better understand volatility, value and managing the long run when it comes to our money. Plus, he offers a FREE gift!
Listen Now!
Show Highlights Include:
- Diversification Matters When Things Are Overbought. (4:03)
- When GE Sold For Scraps. (6:20)
- Sit Back And Let Your Money Compound. (10:17)
- The World Is Never That Nice To Us. (14:02)
- Are You Planning To Live Only 2 Years In Retirement? (16:26)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Most people try to avoid any situation that is volatile because they generally involve risk. But when it come to investing, it could be misleading to believe volatility equates to risk.
In today’s show, Brad discusses this topic of variability in a story driven way, plus educates all of us on how to filter the financial “noise” we hear every day.
Listen now.
Show Highlights Include:
- Avoiding Risky Volatility. (2:06)
- Your Time Horizon May Be Short. (4:47)
- The Story Of “Mr. Market”. (6:38)
- Don’t Become Part Of The Herd. (10:23)
- There’s A Laundry List Of Risk. (11:39)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Did you know that 1 in 5 married couples say that finances is the greatest issue they face in their relationship? Money and finances can be a very uncomfortable topic for many couples, but there is hope.
Today on the show, Brad shares 5 tips to becoming a successful financial couple.
Listen now.
Show Highlights Include:
- Financial Incompatibility Is A Thing. (2:53)
- More Often, One Is In The Dark. (6:03)
- Prioritize Your Tomorrow. (7:37)
- Embrace The Hard. (8:50)
- Time Is Your Greatest Commodity. (10:46)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
As we move into the 4th quarter of 2023 and take a look back on the year, the word “Volatility” stands out like a giant billboard sign. But what if volatility was not as bad as it is made out to be?
On today’s show, Brad defines, measures and brings context to volatility, reminding us that today’s concerns are tomorrow’s past.
Listen now.
Show Highlights Include:
- The Word, "Context". (1:58)
- The Definition Of Volatility. (5:25)
- Measuring Volatility. (6:47)
- Not Good, Not Bad... It Just IS. (10:36)
- Today's Concerns Are Tomorrow's Past. (12:49)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
How much would you pay for advice? Oddly enough, many people will spend large sums of money on people and things, hoping to improve their lives but will focus less on financial advice.
Today, Brad breaks down the 3 components of wealth management and discusses how our own biases can hold us back when it comes to return on investments.
Listen now.
Show Highlights Include:
- An Open Heart. (1:53)
- Where The Rubber Meets The Road. (4:45)
- Quantifiable & Unquantifiable. (6:42)
- Wealth Management Has 3 Legs. (12:31)
- Guidance When It is Needed Most. (18:51)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
There are a lot of misconceptions when it comes to life insurance and for some it can be an uncomfortable subject matter. However, with September being life insurance month, now is a great time to discuss it with your financial advisor or professional.
On today’s show, Brad discusses 6 myths around life insurance, as well as how to use it, when to use it and for whom may need it.
Listen now.
Show Highlights Include:
- 2 Paths To Needing Life Insurance. (2:59)
- Are You Old Enough? (5:02)
- Investment VS Expense. (6:07)
- Is Group Life Sufficient? (9:39)
- What About Pre-Existing Conditions? (12:57)
- Do Not Be Sold, Be Provided. (14:44)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
When we lose a loved one, making the grieving process less painful is challenging. There are many decisions to be made and it can be a daunting task.
Today, Brad shares a helpful checklist that could help us all manage the grief we may go through when someone we care about, passes away.
Listen now.
Show Highlights Include:
- Rationalizing Grief. (2:48)
- The Emotional Checklist. (4:59)
- How Insurance Can Come Into Play. (7:40)
- Bill Related Financial Affairs. (9:18)
- Do Not Do These Things. (11:13)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
After the recent and tragic events in Lahaina, Hawaii, Brad reflects on his time living on Maui and the rush of emotions that has flooded his family's mind.
Today, Brad reminds all of us how money is not always rational and if we lose ourselves emotionally when it comes to our finances, it could be a detriment to our overall financial journey.
Listen now.
Show Highlights Include:
- Love For Lahaina. (2:15)
- When Was The Last Time You Thought About Money? (4:17)
- Fear and FOMO. (11:06)
- Did Someone Say Oreos? (14:17)
- Money Is Not Always Rational. (17:05)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
People are behavioral beings and many times we bring our behaviors into our financial life, which could hurt us in the long run, causing us to make wealth destroying decisions.
Today, Brad reveals 6 questions your advisor should be asking you, encouraging us all to have open dialogue with those helping us with our finances so we can protect what we have worked so hard for.
Listen now.
Show Highlights Include:
- Our Brains Have What? (1:54)
- What Do You Have And Why Do You Have It? (6:01)
- Our Objectives Change Over Time. (8:20)
- Budgeting Is For Fools. (11:53)
- The First Step Is Taking Action. (15:14)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Recession has been a looming word over the past year or so and by now many have become a bit numb to the topic. However, there are a couple of interesting theories around recessions and how they relate to our finances.
Today, Brad gives some education, background and history when it comes to recessions and how it relates to mortgages, Wall Street and more.
Listen now.
Show Highlights Include:
- This Is One Generation Away From Extinction. (3:03)
- Austrian vs Keynesian School Of Thought. (4:10)
- An Economic Black Hole. (8:35)
- This Is Up 121 Billion Dollars! (9:53)
- It's All About The Little Things. (10:55)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
A current buzzword in the media as it relates to money and investments is Artificial Intelligence. Right now, the Magnificent 7 (Meta, Google, Amazon, Apple, Microsoft, Tesla and Nvidia make up 28% of the S&P 500 value. This is unprecedented.
Today, Brad breaks down what this could mean for your investments and the future going forward.
Listen now.
Show Highlights Include:
- The Gold Rush And A.I. Have This In Common. (4:27)
- What Is The Magnificent 7? (7:57)
- Companies Who Mention A.I. Get A Boost. (10:02)
- Are We In An A.I. Bubble? (12:38)
- Be The Merchant Rather Than The Miner. (16:57)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Like the changing of seasons, financial planning has patterns. In fact, there are 3 phases in life all of us will go through when it comes to our financial journey. Knowing where you are in yours could help you plan much better.
On today's show, Brad shares the 3 financial phases, hoping you will discover which you are in so you can move toward financial freedom.
Listen now.
Show Highlights Include:
- Financial Planning Is Like The Changing Seasons. (2:10)
- The Build And Grow Phase. (8:25)
- The Transitional Phase. (9:45)
- The Distribution And Deployment Phase. (11:57)
- Always Plan For The Next Phase. (13:29)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Is there any investment that is "Risk Free"?... Not exactly. However, there are options out there that are not the most "sexy" but have much lower risk, which could be appealing to some investors.
On today's episode, Brad shares the differences between Treasury Bills and Treasury Bonds, plus how to purchase them and why they could be a great addition to your portfolio.
Listen now.
Show Highlights Include:
- Bonds Run The Market. (2:23)
- A Spoiled 15 Years. (5:25)
- Where Are The Risk Free Rates? (6:39)
- How To Purchase Treasury Bills. (9:17)
- Treasury Bills vs Treasury Bonds. (12:28)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
If the things you thought were true were actually wrong... when would you want to know? With regards to finances, misconception can cause costly consequences.
In today's episode, Brad explains how your financial freedom rests on understanding WHAT you are doing with your money and WHY you are doing it.
Listen Now!
- Carrying Around Half Truths. (1:44)
- Money Is Like Water. (5:05)
- Financial Security vs Financial Freedom. (8:52)
- Building Passive Income With Value Investing. (11:43)
- Do Not Fail To Understand This. (13:14)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Many of us stress about where we will be financially in retirement and often ask the question, "Will I have enough to last?"... What it takes to protect what you save for retirement can be quite simple.
Today on the show, Brad shares 5 things that could help everyone achieve their retirement planning goals, reminding us that it is not WHAT you own but HOW you own it.
Listen now.
Show Highlights Include:
- Just Answer With A YES! (2:57)
- Protecting What You Save. (4:08)
- Have An Income Plan. (5:59)
- Work Out Your Health Care Options. (8:50)
- Public Enemy Number One... TAXES. (10:43)
- Estate Planning Is A MUST. (12:54)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
With continued media buzz around the U.S. debt ceiling, it has many people concerned but also short-sighted about how long the U.S. has actually been in debt... and if we as a country are in trouble when it comes to the debt we are holding.
In today's show, Brad takes us through a historic timeline of the U.S. federal debt going back to our independence in 1776. The details are fascinating.
Listen Now!
Show Highlights Include:
- The Timeline Of U.S. Debt. (2:24)
- What Brad Is Concerned About. (6:25)
- Context Matters Around The Debt Ceiling. (8:38)
- Debt Is The Issue, But Not The Issue. (10:14)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
For most of us, the only place we hold our cash is in a bank... because that's what most of us know. But what if there were some alternative places to put your cash? The answer is: There are 5.
In today's show, Brad shares 5 places you can hold your cash that could provide very positive returns.
Listen now.
Show Highlights Include:
- What Does Your Bank Balance Really Mean? (1:57)
- FDIC Suite Programs. (3:57)
- Money Market Mutual Funds. (4:43)
- Are Treasuries Still A Thing? (6:25)
- Short Term Bonds Baby! (7:38)
- Whoa, Whoa, Whoa... Stocks? (8:45)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
With the debt ceiling conversation leading the news AGAIN, and with volatility running amuck, it has many people asking the question... "When should I get into the market?"
On today's show, Brad shares his take on when to get into the market and his answer may not be what you expect.
Listen now.
Show Highlights Include:
- Surf's Up When Investing. (2:10)
- Volatility Can Be Your Friend. (5:23)
- No One Grows Wealth By Sitting On The Sidelines. (8:14)
- Paying Rent To The Risk Taker. (9:45)
- Bears Are Smart, Bulls Make Money. (11:05)
- Learn From Your Mistakes, Or Repeat Them. (13:35)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Within the next couple of decades, the largest transfer of wealth will occur in generational history. What we can glean from those born between the 1920's and 1960's is immeasurable.
In today's show, Brad shares his very vulnerable conversation he recently had with his 93 year old grandfather and what we can all learn about money from those who came before us.
Listen now.
Show Highlights Include:
- The Difference In Having Money At 18 Versus 93. (3:56)
- When Money Goes From A Stressor To A Comfort. (8:02)
- What Brad's Grandfather Would Say To A Young Person Today. (11.50)
- The Largest Wealth Transfer In History. (15:06)
- 3 Things My Grandfather Wants You To Remember. (19:15)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
We have been on the cusp of a recession for quite some time. Some would say we have been in a recession for awhile... No matter if we are or we aren't, these talks make the headlines daily. But, does it change what most of us already know about the economy?
In this episode, Brad shares 3 things to recession proof your retirement in whatever stage of life you are in, reminding us it is better to be proactive versus reactive.
Listen now.
Show Highlights Include:
- Recessions Are Called In The 11th Hour. (3:58)
- Think Long Term, Look Over Your Plan. (7:40)
- Look For An Advisor. (9:45)
- Protecting Your Portfolio Through Diversification. (11:28)
- This Week In History. (14:22)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
The debt ceiling conversation always seems to be on the news rotation. Although there will be rhetoric and brinksmanship attached to these headlines, there is always more to the story.
In today's episode, Brad gives a short history lesson on debt and shares an in depth look of what is really going on.
Listen now.
Show Highlights Include:
- When Debt Did Not Exist. (2:16)
- Paying Off The Mortgage May Not Be The Best idea. (5:08)
- We are Not Interested In A Company Without Debt. (9:12)
- The Trillion Dollar Question. (13.58)
- Debt Is The Symptom Of The Disease. (16:45)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Many of us battle our emotions as it relates to the decisions we make regarding our money. Unfortunately, this can lead to wealth destroying outcomes.
In today's episode, Brad discusses the concept of Time and Money and how together they could equal Freedom.
Listen now.
Show Highlights Include:
- Investing Is 10% Intellect And 90% Emotions. (1:34)
- Concepts Learned From High Net Worth Individuals. (5:20)
- Any Solid Plan Has This 3rd Grade Math Equation. (11:09)
- Get Paid For Decisions, Or Pay For Decisions. (16:34)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
With Spring in the air, it is a good reminder that just like seasons change, so do market cycles. So, it is important not to get caught up in media rhetoric or social media hype when it comes to our investments and the market.
In today's episode, Brad gives us a great analogy on seasons and investing and how we should be careful not to get lost in the current season of the market but be prepared for the next one.
Listen Now!
Show Highlights Include:
- Bear Markets vs Bull Markets. (1:54)
- Market Crashes Could Equal Sales. (3:40)
- Brad's Seasons And Investments Analogy. (7:17)
- Sometimes It's Just Better To Do Nothing. (9:35)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
If you have been listening to the current headlines, the state of the U.S. dollar has been a large topic of discussion and the question commonly asked is... "Will the world ditch the U.S. dollar?"
In this week's episode, Brad gives a short history lesson on the world's currency, plus the "What if..." scenario in regards to the U.S. dollar.
Listen now.
Show Highlights Include:
- The Bretton Woods Agreement. (1:49)
- What is BRICS? And is it flawed? (3:58)
- The "What if?" Scenario. (6:55)
- Whatever The Case, Diversify & Rebalance. (9:16)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
If we all stopped to think about who we were ten, five, even one year ago, we could all probably agree that we have grown and perhaps changed in certain ways. This also goes with our retirement planning.
In today's episode, Brad discusses life's changes, how we adapt and more importantly, how our mindsets may change about our retirement.
Listen now.
Show Highlights Include:
- Life Never Stops. (1:20)
- Your Retirement Reality. (5:28)
- What Is Your Financial Identity? (9:20)
- Life Finds Away To Get Messy. (14:33)
- As The World Changes, We Adapt. (16:40)
- Wealth Is About Having Options. (19:27)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
It is interesting how many of us improve our lives with different types of coaching, counseling or advising. However, many do not consider these when it comes to our money.
In today’s episode, Brad shares 3 pillars of advice when it comes to finances and why having a financial advisor is so important during times of market turmoil.
Listen now.
Show Highlights Include:
- A Vanguard Study. (3:35)
- Pillar 1 - Portfolio Construction. (5:10)
- Pillar 2 - Wealth Management. (7:12)
- Pillar 3 - Behavioral Coaching. (8:34)
- Worry And Concern Are Not The Same. (11:58)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Last Friday, The Silicon Valley Bank collapsed and became the second largest bank failure in U.S. history. With the news media in a frenzy, this event has many individual investors wondering how it will affect their money.
In today's episode, Brad discusses Charles Schwab's company statements and what this bank collapse means for many of us.
Listen now.
Show Highlights Include:
- Charles Schwab The Custodian. (2:28)
- Breaking Down The Silicon Valley Bank Collapse. (7:19)
- Where Will the Cash Go? (11:20)
- One Capital Management's Conclusions. (13:31)
- Worry vs Concern. (15:41)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Investing has its ups and downs and for many, it is difficult to navigate the landscape. Understanding the investment "playbook" can be a challenge but it can be done with discipline.
In today's episode, Brad "gets real" about investing by sharing some of his personal journey, plus things to understand about your past that could create a better future for yourself.
Listen now.
Show Highlights Include:
- When Investing Clicked For Brad. (2:04)
- Remember The Past, But Don't Forget Your Future. (5:02)
- The Hustle Versus The Muscle. (8:08)
- Winning The Lottery. (10:27)
- Wanting Results Without The Work. (14.42)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
There is much to learn from 2022 as it relates to the 1st quarter of 2023. In doing so, our brain trust here at One Capital Management has completed the first quarter financial playbook.
In this episode, Brad reveals interesting data points in the first part of this year which could come as a surprise... some good and some bad. However, we must remember that staying the course is key in order to having a strong portfolio.
Listen now.
Show Highlights Include:
- Global Capital Markets Behave! (4:18)
- How To Get Paid For Fixed Income. (7:29)
- Let's Talk Recession. (9:40)
- Inflation Is Pivoting. (13:34)
- Taking Advantage Of Opportunities. (17:47)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
It's everyone's favorite time of the year... TAX SEASON! And for some, tax season presents many challenges... some old and some new. But there could be light at the end of the tunnel.
In this episode, Brad shares 3 very important frames of reference you should be discussing with your tax preparer. Plus, a little reminder of why we pay income tax in the first place.
Listen now.
Show Highlights Include:
- Did The 16th Amendment Make Sense? (2:21)
- Know These 3 Frames Of Reference. (5:58)
- The Difference Between Conversion And Contribution.(11:09)
- What's The Deal With Marginal Tax Brackets? (15:45)
- Gross Income Is Disgusting. (16:20)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Why do many people feel more secure holding onto cash? Is it upbringing or something learned from someone else? What if you were told that holding your cash could be costing you money?
In this episode, Brad discusses what you can do if you are sitting on cash and the options you have to make it to work for you.
Listen now.
Show Highlights Include:
- Getting Paid For Cash. (4:45)
- The Gold Standard Removed. (8:20)
- You Are Getting Wrecked.(10:30)
- Let's Play The Game Of The Banks. (13:50)
- What Is The Cost Of Safety? (16:20)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
One of the largest financial topics hitting the media today is the budget deficit. Currently, it is on an unstable path but being careful not to fall for false narratives is important. So, what should we do?
In this week's episode Brad gets to the root of the problem as it relates to the debt ceiling, as well as government spending and shares 5 key facts that impact stock prices.
Listen now!
Show Highlights Include:
- The Unstable Budget Deficit. (2:15)
- What Is The Root Of The Problem? (3:28)
- Don't Fall For False Narratives. (5:45)
- How Government Overspending Relates To Investing. (10:05)
- 5 Factors That Impact Stock Prices. (11:10)
- Financial Positions Are Based On Our Choices. (16:55)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
If the U.S. dollar bill weighs 1 gram, why does it weigh so heavily in our hearts?... And, how does it have so much power over our personal lives?
In today's episode Brad discusses how we can can control our outlook on currency. Plus, he shares some myths about millionaires and what makes them extraordinary. The answer may surprise you.
Listen now.
Show Highlights Include:
- Facts About Money That May Shock You. (3:10)
- The Kardashian Effect. (7:15)
- Comparison Is The Thief Of Joy. (11:15)
- Myths About Millionaires. (12:55)
- What Makes Millionaires Extraordinary? (17:12)
- How Much Does Money Weigh In Your Heart? (21:17)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
The Flying Wallendas were a group of stunt performers that were made famous for their tightrope walking, high-wire acts. But, their notable walks weren't the only reason they were successful. In fact, some would say it was their preparation.
In this weeks episode of Pension Attention, Brad explains why planning coupled with "actively waiting" can be a recipe for successful investing.
Listen now.
Show Highlights Include:
- The Wonder And Preparation Of Nick Wallenda. (2:55)
- It Is Time To Watch The Grass Grow. (6:50)
- Companies Are On Sale And Prices Will Follow. (9:03)
- It Is A Wise Time To Invest. (13:20)
- One Capital's Rebalancing Act. (15:15)
- Would You Still Want it If No One Knew You Bought It? (21:18)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Our emotions can affect many facets of our lives, especially our money. Unfortunately, emotional investing could devastate your portfolio even if you have good discipline.
In this episode, Brad exposes 3 biases that negatively impact our investments and the keys to identifying them.
Listen now.
Show Highlights Include:
- The Difference Between The Brain And The Stomach. (5:50)
- 3 Biases That Impact Your Investments (8:35)
- What Is Group Think? (12:15)
- Neglecting A Probability. (16:20)
- Watch Out For The Anchoring Bias. (18:32)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
For the past two years, the housing market has been a roller coaster ride. We have seen interest rates drop and prices soar to levels not seen in years and subsequently, rise and fall in the same fashion. Which brings us to the beginning of 2023... So, what happens now?
In today's episode, Brad gives us a housing outlook on the year, which may not be what you would expect. Plus, 10 money rules to live by to jumpstart your new year.
Listen now.
Show Highlights Include:
- Road Trips Are A Commodity (3:23)
- Summing Up A Rough 2022 (5:58)
- Housing Sector Woes (7:56)
- The REAL Affects Of Interest Rates (12:41)
- Brad's 10 Money Rules To Live By (16:15)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Why do so many men wait until the last minute to do their Christmas shopping compared to women? Although not meant to generalize gender stereotypes, there is interesting, yet humorous research on this topic.
In today's holiday episode, Brad takes us through a fun article that tackles the subject of why men procrastinate with last minute shopping and how it relates to procrastination when it comes to our financial planning.
Listen now.
Show Highlights Include:
- The Holiday Shopping Study. (3:20)
- Why Do Men Procrastinate? (7:47)
- The Value Of What We Give. (9:15)
- Money Is The Essential Time Management. (14:41)
- A Big Thank You To Listeners. (18:15)
SOURCE: https://www.forbes.com/sites/nicolefisher/2019/12/24/the-psychology-of-why-men-wait-until-christmas-eve-to-shop/?sh=1ea063ae7dd1
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Predicting stock values is tough for anyone at any time of year, but after a year like 2022, it can be even tougher. As we head into 2023 with a bear market on our heels, it can make many of us panic.
In this week's episode, Brad shares his knowledge on what we should and should not do when faced with a bear and how having a solid team of support gives the best chance for success.
Listen now.
Show Highlights Include:
- Can We Predict Stock Values For 2023? (2:45)
- Should You Keep Investing? (6:10)
- More Rate Hikes Are Coming. (8:33)
- Understanding Michael Jordan's Greatness. (10:48)
- Never Try To Outrun A Bear. (15:25)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
It has been quite a year... and for many people, there is still uncertainty when it comes to the economy and looking toward 2023. However, many of us can misinterpret what we read and hear as it pertains to economic data points.
In today's episode, Brad breaks down those important data points and shares his 2023 planning tips, encouraging us all to not get captured by our own narrative.
Listen now.
Show Highlights Include:
- Accessing Information At Our Fingertips. (1:42)
- Recession Outlook, Recovery And Shinsplints. (3:35)
- Misinterpreting Media Data Points.(7:18)
- Do Not Get Captured By Your Own Narrative. (11:10)
- Brad's Year End Planning Tips. (15:06)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
We are nearing the end of the fourth quarter in 2022 and we have learned quite a bit this year. Inflation is high, the stock market has been bonkers and unemployment is low. And for many, the fear of the unknown still lies ahead.
In this episode, Brad reveals interesting data points in this latter part of the year which could come as a shock... some good and some bad. However, we must remember that discipline wins out, even over our own motivations.
Listen now.
Show Highlights Include:
- Sweeping Conclusions Of The Economy (3:20)
- Interest Rates And Profit Growth. (6:24)
- Discipline Wins Out Over Motivation.(9:25)
- Important Data Points in the 4th Quarter. (11:50)
- Inflation Is Moving The Needle. (19:07)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Political arguments pop up around Thanksgiving dinners all over America. But the point of Thanksgiving is to come together despite our differences. Dating back to the first ever Thanksgiving, it’s been a celebration that we all benefit from... COMING TOGETHER, especially when we disagree. The truth is, you can’t have financial freedom without political freedom. And that means caring for and defending others you disagree with.
In this episode, you’ll discover the true importance of Thanksgiving. And how you can get along with other people in your family despite your differences.
Listen now.
Show Highlights Include:
- How the first Thanksgiving helps you avoid pointless political fights with your family over the holiday season. (4:23)
- Why Thanksgiving helped America reunite after the Civil War. (6:20)
- How inviting your friends to your Thanksgiving feast makes you feel even more grateful. (7:45)
- Why caring for and defending others is the foundation of our great nation (even when you disagree). (9:42)
- How political and financial freedom go hand in hand to help you thrive. (12:27)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
As the dust settles from the midterm election, we are no further in completely understanding where the market will turn. This has many asking the question: What will the market's performance be following peaks in inflation?
In this episode, Brad gives a historical lesson on the fourth quarter following midterm elections as it relates to the market. The data may surprise you!
Listen now!
Show Highlights Include:
- Midterm Elections And A Fourth Quarter History. (2:18)
- Performance Following Peaks In Inflation. (4:42)
- The U.S Economy Is In A Strange Place.(7:30)
- We Are The Market. (13:01)
- Does This One Sector Indicate We Are Headed For A Recession? (16:06)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
If you are worried about your money heading toward retirement, you are not alone. A popular poll suggests that 77% of pre-retirees are worried about a recession.
On today's podcast, Brad takes us through some very eye-opening stats that may not sit well with everyone. However, we are reminded that it is much worse in our imagination and that having a plan and staying disciplined is the key.
Listen now.
Show Highlights Include:
- Waiting Is Hard But Regret Is Worse. (3:10)
- Beneath The Chaos, Is Simple Truth. (5:53)
- You Have EARNED Your Pension.(8:08)
- These Stats May Shock You. (10:55)
- Parting The Red Sea. (14:33)
- We Suffer More In Our Imagination. (17:44)
Source: https://www.yahoo.com/now/kiplinger-athene-poll-retirees-worried-131753028.html
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
It is October time to crown a new champion in baseball. But what do baseball and investing have to do with each other? With continuing discussion of whether or not the U.S is in a recession, we must go to the umpire for the answer.
In this episode, Brad introduces us to the umpire of economics and discusses the recession debate, reminding us to continue looking forward.
Listen now.
Show Highlights Include:
- The Legendary Bill Clem (3:07)
- Who is the Umpire of economics? (5:13)
- How Long Do Recessions Last? (9:18)
- The Market Looks Forward. (14:25)
- Finding Value is What We Do. (17:23)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Who doesn't LOVE a discount?... Of course, all of us do but do we treat a "sale" on our investments the same way we treat everyday items at the stores we shop?
In today's episode, Brad challenges us to rethink how we approach discount stocks, keeping a clear perspective on our future whether still working or in retirement.
Listen now.
Show Highlights Include:
- Does Your Home Trade Like The Stock Market? (2:36)
- It Is The Water That Gets INTO The Boat. (4:31)
- How Do You Value A Discount?(5:46)
- Remember These Buffett Rules. (10:52)
- The Plan Dictates How You Invest. (13:23)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
It has been a long 9 months so far this year, and many of us are not only tired... we are exhausted with the economy. But we cannot get discouraged.
In this episode, Brad looks back at where we have come in 2022, looking at the third quarter of this year, reminding us that much of what has transpired is systemic and that it will be okay.
Listen now.
Show Highlights Include:
- Reiterating A Recession (2:44)
- The Interesting Thing About Inflation (5:40)
- We Are Not Overvalued (9:35)
- Are We Going To Be Okay (12:01)
- Pain Has Meaning (13:10)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
It seems like there is no end in site when it comes to today's market volatility and it is challenging for many people to keep their emotions in check. But how do we do that?
In this episode, Brad takes us on a journey of the psychology of money and teaches us that how we act matters more than what we know.
Listen now.
Show Highlights Include:
- We Have A Hangover (2:20)
- Federal Tax Hikes (5:05)
- How We Act Matters More Than What We Know (8:33)
- Managing Emotions (15:30)
- The Stock Market Is Not The Economy (17:11)
- Knowing How To Get Wealthy And Staying That Way (20:22)
Source: https://www.kiplinger.com/personal-finance/602367/with-money-what-you-do-matters-more-than-what-you-know
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
The current bear markets have many people scratching their heads but what is really going on... and when will it recover?
In this week's episode, Brad takes a step back and gives us a clearer picture of what is affecting the current markets and what we can do with our investments in the meantime.
Listen now.
Show Highlights Include:
- The Raising Of Short Term Interest Rates (2:43)
- Emotions In The Market (5:28)
- Hangovers Are Not Permanent (6:58)
- Inflation And Basketball (8:02)
- M2 Growth (11:10)
- The Fed Thinks They Know Best (12:58)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Four-time, NFL Super Bowl champion, Rob Gronkowski will most likely become a first ballot hall of fame recipient. However, beyond the titles, records and prestige, the "Gronk" did something unprecedented with his money... He never spent a dime of his NFL earnings.
In this episode, Brad shares what lessons we can all learn from the Gronk, when it comes to SAVING MONEY.
Listen now.
Show Highlights Include:
- Big Spenders Live For The Now (4:15)
- K.I.S.S. (11:37)
- Definition Of Necessity (13:40)
- Record Of Spending, i.e "BUDGET" (16:10)
- Frugality and Behavioral Traits(17:53)
Source: https://www.kiplinger.com/retirement/retirement-planning/602430/what-rob-gronkowski-can-teach-us-about-saving-for-retirement
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Living in this current volatile financial climate has many Americans nervous and on edge. However, protection is achievable but it is going to take strategy and discipline.
In this episode, Brad shares a few key strategies to better equip you with the protection you are looking for when it comes to your financial portfolio.
Listen now.
Show Highlights Include:
- Our Outlook Has Not Changed. (2:04)
- We Have Been Spoiled. (4:05)
- Stress Test Your Portfolio.(6:01)
- Maximizing Your Savings. (9:06)
- Splitting Your Nest Egg. (10:52)
- Be Ready For Anything. (13:50)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
With many political moves coming out of D.C, there has come an abundance of skepticism as it relates to the economy. However, we should do our best to stay positive.
In this week's episode, Brad gives us the good, bad and ugly as we navigate through these uncertain times.
Listen now.
Show Highlights Include:
- Inflation Reduction Act Means: TAX HIKES (3:01)
- No Buy Backs? (6:17)
- Revenue Projections (9:04)
- Navigating The Landscape (10:55)
- Keeping The "Long Term" In Focus (14:26)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
As we have all experienced, 2022 has been a whirlwind of volatility as it relates to our money and investments. So the question becomes: Should I keep investing during these uncertain times?
In this week's episode, Brad takes us through a few key measures in order to keep all of us focused and disciplined on staying the course.
Listen now.
Show Highlights Include:
- Feeling Queezy? (2:29)
- Tying Your Shoes Correctly. (5:18)
- Know Your Income Score.(7:39)
- Understanding Investment Timeframes. (10:35)
- Filling Your Buckets. (14:22)
- Get More Active With Your Money. (16:05)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
It is always a good thing to look back at where we have come, but even better to look where we are going. 2022 has been a whirlwind when it has come to market volatility but not all is negative.
In this week's episode, Brad discusses the One Capital Management playbook he and other advisors have put together in order to inform and educate all of us about what has happened financially this year and where we are headed going into 2023.
Listen now.
Show Highlights Include:
- Behavior of Capital Markets. (3:57)
- Bonds Are Not Sexy, But Know This! (7:17)
- The Story On Profit Growth. (11.20)
- Flashing Signals of a Recession. (13:17)
- What Is Driving Wage Growth Pressures? (16:27)
- Staying True, Rewards You. (19.49)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Many believe that if they just had more money, their problems would go away. Are there Money Myths you believe and act upon as it relates to your personal finances and goals?
Today, Brad exposes some of these money myths and reaffirms what you know to be true and challenges the advice you may have been told is true.
Listen now.
Show Highlights Include:
- The concept of stewardship. (4:07)
- I will be happier when... (6:40)
- You only live once 'YOLO'. (9:33)
- Willpower and the coffee buzz.(10:58)
- Are you the 1 in 5? (14:31)
- Wanting more is a bad thing. (18:37)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Depending who you listen to or what you read, the word "Recession" has been tossed around since the beginning of 2022. But like many political or geopolitical hot points, there is always more to the story.
In today's episode, Brad discusses whether or not we are truly in a recession and if it has an effect on how we go about our daily lives.
Listen now!
Show Highlights Include:
- GDP And A Rule Of Thumb. (2:42)
- The Numbers Don't Lie. (6:14)
- Pay Attention To These Environments.(8:20)
- The Last Recession. (12:53)
- Who Is Your Co-Pilot?. (15:18)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
When looking back the past couple of years, seeing the affects of the pandemic as it relates to market volatility, it gets convoluted. Where did we go wrong?
In this episode, Brad takes a closer look at the Fed's response to the shutdowns and places a focus on some of the actions that were taken. It is easy to be laser focused on one area or problem but if we can look at the bigger picture and stay disciplined, the outlook can be bright.
Listen now.
Show Highlights Include:
- It's How You Hear It (3:44)
- Learning The Same Lesson Twice (8:40)
- M2 Growth Explosion(13:49)
- Shrink The balance Sheet. (17:50)
- Don't Focus on One Speck In The Windshield. (20:15)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Media pundits have covered the story around the shortage of baby formula and how it relates to our supply chain issues. However, there is more to this story as it relates to the current inflation numbers.
In this episode, Brad discusses how the effect of the past two years has trickled down to some of history's basic necessities.
Listen now.
Show Highlights Include:
- What Did We Do Before Baby Formula? (2:16)
- Oligopoly And WIC. (6:32)
- The Federal Reserve And Increased Rates.(10:17)
- GDP Is NOT The Only Measure.. (11:45)
- Sticking To The Plan, Even When It Is Sticky. (14:25)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Market downturns and volatility are hot topics in our current climate. Anywhere you turn, someone is talking about it. But sometimes, listening to the "noise" out there can cause us to be fearful.
In this episode, Brad discusses market downturns and how we can adjust our outlook during market volatility by focusing on the rational mind instead of the emotional mind.
Listen now.
Show Highlights Include:
- Fear of your teeth falling out (2:31)
- Looking forward, not backward. (5:38)
- Risks upon risks.(11:20)
- Cashing out and being smart twice.. (14:47)
- Deferred comp is a living breathing animal. (18:59)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
The topic of retirement has been on many people's minds when it comes to the culture of today's issues surrounding market volatility.
In today's episode, Brad takes us through the 3 important retirement buckets to consider in retirement and why all of us should understand how they can be used.
Listen now.
Show Highlights Include:
- Basic math (2:02)
- Will my money last? (4:58)
- The safety bucket.(8:49)
- The income bucket. (10:00)
- The growth bucket. (14:18)
- Not sexy, but tried and true. (16:58)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Many Americans are feeling the weight of market volatility, inflation, job growth and supply chain issues. However, if we tune out the noise of the media and politics and instead, look at the data; we can begin to understand what is really going on in the market.
In this episode, Brad will take you through what has happened, what is going on and what the future could look like when it comes to your money.
Listen now.
Show Highlights Include:
- You lose, I win. (1:44)
- We got used to the shutdown. (5:28)
- This STAT has not changed since 1980! (10:50)
- Interest rates and home buying. (10:10)
- Loose money. (13:27)
- We have the intelligence, not the stomach. (16:53)
- It is hard to predict the predictions. (18:46)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
For many, the topic of taxes can cause fear and anxiety. In reality, it is more about the misunderstanding of taxes and how what we hear from the media that keeps us in a state of worry.
In this episode, Brad discusses the history of taxes can be a good indicator of where we are going.
Listen now.
Show Highlights Include:
- A history lesson on taxes. (2:59)
- The Beatles and the burden. (4:32)
- The bracket game(7:42)
- We are all red-blooded Americans. (12:36)
- The gap between national debt and taxes (15:20)
- Buying assets on sale. (17:48)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
When it comes to our financial portfolio, it's not only about accumulation and distribution. We all want the quick and easy steps for a successful plan but it's not so cut and dry.
In this episode, Brad discusses the 3 things everyone should consider when it comes to designing your portfolio.
Listen now.
Show Highlights Include:
- What growth should look like. (1:32)
- The younger brother of "rate of return" (5:15)
- Grandpa says, make your money on the buy. (7:33)
- Standing the test of time. (10.57)
- Only 5 places to invest. (13:29)
- Not so conservative. (14:55)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
A question often asked is... Is diversification risky? Risk means different things to different people, and we all want to reduce risk in our lives but many people don't think about diversifying their portfolios and how it relates to risk reduction.
Today, Brad discusses the topics of diversification and risk and how the two relate when it comes to our investments.
Listen now.
Show Highlights Include:
- Kids and diversified foods (1:59)
- Hypocrisy of risk. (5:29)
- Nothing lasts forever.(8:29)
- What we can learn from the 1970's. (12:02)
- What we buy today, matters tomorrow. (13:05)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Some say the word "recession" is the evil sister or brother of depression. This economic term gets widely used, especially in the media. We hear speculation and rumors about that word and for some, it can be alarming and concerning.
In this episode, Brad provides a fundamental, economic overview as to what we might be seeing as it pertains to the idea of a recession.
Listen now.
Show Highlights Include:
- Diversification for a 6 year old (2:25)
- Pessimism overdone. (5:50)
- Supply chain problem or just a supply problem? (7:34)
- Demand for workers remains robust. (9:42)
- Debt service payments are low for consumers and companies. (10:40)
- There is still room for economic news. (12:46)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
There is a lot of misinformation out there regarding market volatility. Media outlets are selling fear but focusing on the core things around the discussion of recession and some of the indicators of the yield inversion can equip us in the current climate.
In this episode, Brad reiterates his passion that planning and making sure you have a cohesive and integrated financial plan, coupled with discipline is vital as you head toward retirement.
Listen now.
Show Highlights Include:
- The flurry of global and geopolitical events. (3:25)
- When the Fed tightens. (7:17)
- Bumps in the road. (9:01)
- Economic impacts in Europe vs the U.S.. (13:18)
- The growth rate looks positive. (16:06)
- What's going to stick? (18:53)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
Whether or not you are in good times or bad times, the question of whether or not it is a good time to invest comes up often.
In this episode, Brad talks about how it's not about timing the market but time IN the market and how to discover what makes most sense for you.
Show Highlights Include:
- The impact on the economy during the pandemic. (3:55)
- What is dollar cost averaging?(7:29)
- How to know when it's your time.(11:57)
- There could be room to fall. (16:54)
- Conservative, really isn't conservative. (18:21)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
The way we look and approach our finances is often dictated by our behaviors, so it is very important to have a plan and stick to it.
In this episode, Brad discusses the difference between the emotional side and the rational side of investing and what you can do to take control of your finances.
Show Highlights Include:
- The psychology of money is profound (1:31)
- Timeless lessons on wealth(4:15)
- If you lose your head, none of it matters.(10:05)
- The market and the economy are separate.(13:45)
- It's not about timing the market but time in the market. (15:39)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
After Russia invaded Ukraine, sanctions were placed on Russia. This has affected crude oil and inflation, but what is the history of sanctions in the United States?
In this episode, you’ll learn how sanctions, interest rates and inflation affect our economy and the housing market.
Listen now.
Show Highlights Include:
- The history of sanctions (1:55)
- How the increase of the price of a barrel of oil, increases inflation. (5:40)
- We've seen market volatility for awhile but since the recession of 2008, we've had a steady market and historically low interest rates.(8:49)
- Interest rates and home buying. (10:10)
- What is the M2 measure, printing money and how we are managing portfolios. (13:30)
- What matters for the economy is how the higher rates affect the pace of home construction. (18:35)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-410-5454.
After a soaring bull market since The Great Recession, the investing world stopped dead in March 2020. It rebounded quickly, but we’re heading towards more market volatility than we had in the past decade.
A volatile market doesn't have to mean watching all your investments go down the drain. But it is a time to make sure your strategy has proven, timeless investing strategies.
Not only do these strategies protect your wealth, but they can also grow it.
In this episode, you’ll discover the 10 timeless investment strategies and how they help you thrive during any market.
Listen now.
Show Highlights Include:
- How looking like a drug dealer when making large purchases keeps your portfolio healthy and growing (5:51)
- Why Dave Ramsey is dead wrong about debt (and 3 filters to use it to become wealthier) (7:19)
- The “Time Horizon” technique which transforms market volatility anxiety into excitement and unfair returns (8:37)
- The boring, yet powerful reason why the 401k is the largest liquid retirement account for Americans (and how to duplicate this with other accounts) (10:19)
- The sneaky “Rebalancing” trick for making more money in your portfolio with minimal effort and capital (11:50)
- The “Conversative Bonds Cushion” which shrinks your risk during turbulent markets to almost zero (14:09)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Fear and anxiety around investing can wreck your portfolio and sabotage your golden years before they even begin.
Either your fear causes you to take uncalculated and unnecessary risks. Or it makes you as conservative as sticking your money in a savings account.
That’s the bad news.
The good news?
Calming your fears is easier than you think.
In this episode you’ll discover the 3 types of fears which cripple your wealth and 5 simple ways to overcome them.
Listen now and protect your wealth before it’s too late.
Show Highlights Include:
- The weird way remembering cherished memories helps you make smarter, more profitable investments (5:09)
- The 3 deadly fears which will wipe out your portfolio if left unchecked (5:43)
- How “faking it until you make it” with your finances leads to a wealthier retirement (12:07)
- Why buying groceries for your neighbor can shrink your financial anxiety (even if it seems like it will make it worse) (14:41)
- The 5 “Fear Killers” for preventing your fears from eating your wealth (21:10)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Do you know how to figure out when you should retire?
Retiring too early can deplete your money during your golden years and force you back into a job. And retiring too late can steal the best years of your life from your grasp.
Since retirees want to avoid both of these scenarios, wondering when it’s time to retire is the most commonly asked question I get.
In this episode, you’ll discover three things you must do to determine the exact time you should retire. Don’t worry, it’s easier than you think.
Listen now.
Show Highlights Include:
- The weird psychological quirk that can delay your retirement by 5 years (or more) (2:34)
- How to prevent running out of money in retirement (even if you retire sooner than most people) (6:17)
- Why Googling retirement investment advice can plummet your portfolio (even if you find some big winners) (6:45)
- The simple “1-2-3 Punch” method for figuring out the perfect time to retire (9:52)
- The “4-5% Rule” for making your assets outlast you (13:00)
- Why dynamic retirement plans wipe out your anxiety about running out of money during your golden years (even if inflation skyrockets) (16:28)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Most financial advisors don’t integrate your entire retirement plan, which bites off a big chunk of wealth during your golden years.
You need to plan more than just your investments. You also need cash flow planning, tax planning, estate planning, and insurance planning. If you’re missing any of these ingredients, you’re robbing your future self.
But most financial advisors don’t cover all these different plans.
Why?
The barrier to entry as a financial advisor is low, so many aren’t worth their salt. But some advisors are more insidious — they serve their business before your retirement plan.
In this episode, you’ll discover 3 ways to choose a financial advisor that will work for your interests instead of theirs. And why integrating all these plans best protects (and grows) your wealth during retirement.
Listen now.
Show Highlights Include:
- The “Integration Secret” for retirement which prevents you from searching for a job during your golden years (1:25)
- The innocent way your CPA steals your retirement wealth (1:54)
- 3 things your financial advisor must have or else they’ll squander your wealth (5:22)
- The “Bracket Game” which minimizes your tax burden during retirement (and why your accountant hides it from you) (14:10)
- The almost too-simple filter for finding a financial advisor who works for your best interest instead of theirs (17:00)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Many Americans worry about what the Ukraine/Russia conflict means for their portfolio. While some think this is selfish, it’s not. The more financially stable you are, the more you can support causes you believe in.
Here’s why I bring it up:
Despite the Ukraine/Russia conflict causing volatility in some commodities, especially oil, there are reasons to be optimistic about the market.
In this episode, you’ll discover why the global economy is in better shape than the media portrays. And the best way to protect your wealth through this uncertain time.
Listen now.
Show Highlights Include:
- 3 economic realities which whip away your financial worries about the Ukraine/Russia conflict (5:50)
- Why prices should moderate and become less volatile over the next few weeks (6:43)
- How fear drives both massive green days and vast red days in the market (and how to best protect your wealth) (9:59)
- The “Double D” approach to investing which all but guarantees you’ll win out in the market (11:56)
- Why the global economy is like a car with chipped paint, a cracked windshield, and an engine in mint condition (15:31)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Most people don’t know the fundamentals of money. Schools never taught us it. And not knowing some fundamental questions about money gives you a lottery winner's chances of becoming wealthy.
But here’s the thing:
Once you understand how money works, becoming wealthy is just a matter of time.
In this episode, you’ll discover the 5 questions around money that will help you become richer than most people dream of.
Listen to the episode now and guarantee you’ll become wealthy in your life.
Show Highlights Include:
- The counterintuitive reason why the Russia-Ukraine conflict can actually make gas cheaper (4:04)
- Why Biden’s tax and spending bill is now less likely to eat your wallet (5:10)
- The only 3 things you need to know about money to become wealthy (8:55)
- How real estate protects inflation from devouring your money (13:53)
- Why the “Father of Investing” says your biggest investment enemy is your mirror (14:52)
- The quiet, unsexy factor which runs the entire market (and why nobody else knows this) (16:24)
- How you can actually save money on your loans (17:35)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
In the past week, Russia invaded Ukraine and sent financial markets in a tizzy. Anxious investors scurried to sell off their portfolios before the market tanked.
But is that the best strategy?
Probably not. In fact, selling during these market corrections—especially during “Black Swan” events like what’s happening in Ukraine—can ruin your returns.
In this episode, you’ll discover 6 ways to manage your risk in 2022 regardless of what happens in the market.
Listen now and grow your portfolio so you can retire on time.
Show Highlights Include:
- The “Black Swan” phenomenon happening right now in Ukraine (and how to protect your nest egg during “Black Swan” events) (1:46)
- Why getting out of the market at the first scent of volatility is a surefire way to go broke (5:01)
- 6 reasons why staying invested during market turmoil makes you wealthier (6:02)
- The counterintuitive way selling during a market correction can ruin your returns (8:35)
- How to leverage market volatility for superhuman gains (14:44)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
If you watch the news, you think our economy is crumbling apart. We have record-breaking inflation, high unemployment, and bumps and bruises in the market.
But is it all bad news?
According to our analyses, there’s several reasons to believe the economy isn’t in the gutter. We finished 2021 strong, then caught some headwinds in 2022. But while some inflation will stick, it should start normalizing sooner than later.
In this episode, I reveal the data points that suggest the market will have a prosperous 2022. Listen now and avoid making emotional financial decisions that can wreck your retirement.
Show Highlights Include:
- Why the equity markets will have some bumps and bruises in the next few months (and how to prevent this from walloping your retirement) (3:44)
- The weird way the market remains profitable despite 14% entry-year returns (4:58)
- The insidious “2008 Hangover Effect” that convinces you into making unnecessary, money-eating financial mistakes (5:16)
- Why most of the inflation we’re seeing today won’t last forever (15:42)
- How the estimated year-over-year earnings for 2022 is almost double the trailing 10-year average (21:41)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Whenever you think of retirement, there’s a nagging question floating around in your head:
Will I have enough money for retirement? Or will I run out?
Nobody wants to run out of money and have to either leech off their family members or get a soul-sucking part-time job. But being ultra conservative with your money doesn’t always help.
In this episode, I reveal 2 key strategies that prevent you from bankrupting your portfolio in retirement. Listen now to enjoy your retirement years.
Show Highlights Include:
- 2 ways to figure out today if you’ll run out of money in retirement (even if retirement is decades away) (1:47)
- Why following your passion is a recipe for burnout, depression, and an empty bank account (and how to prevent this by following your purpose instead) (5:41)
- The weird “Financial Therapy” method for preventing yourself from running out of money in retirement (11:55)
- The insidious “Kardashian Effect” trap that gnaws away at your bank account and portfolio with nothing to show for it (17:03)
- How the “wealth whispers” mindset tweak makes you the wealthiest person in your neighborhood (17:26)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Inflation wants to break into your retirement portfolio and devour your returns. Especially when you follow the investing “rules of thumb.”
Are you going to let it? Or are you going to entrench your portfolio with inflation-protecting defenses?
In this episode, you’ll discover how to protect your investments from inflation. And how you can even profit during high inflationary periods.
Listen to the episode now before inflation eats all your returns.
Show Highlights Include:
- Why being a “helicopter parent” towards your money ruins your returns (2:29)
- The counterintuitive way being too conservative during inflationary periods wipes out your retirement savings (5:03)
- WHy inflation almost always beats conservative investment strategies (and what to do instead so your returns crush inflation) (6:16)
- The 3 “inflation-favorable” sectors which can outperform the S&P 500 by almost double (7:28)
- How the Federal Reserve can wreck your retirement in a second (and the best ways to protect your investments) (9:11)
- The lagging sector that’s reemerging to dominance and can insulate your investments from inflation (15:24)
- The sneaky way your emotions trick you into buying high and selling low (18:34)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
America entered a “new normal” in 2020 — and it could wreck your retirement portfolio.
Why?
Record-breaking inflation, skyrocketing wage growth, and massive unemployment create the perfect storm for delaying your retirement. Or if you’re already retired and on a fixed income, forcing you to get a soul-sucking job instead of enjoying your golden years.
In this episode, you’ll discover the best ways to protect your portfolio and retire sooner than anyone you know despite our economic troubles.
Listen to the episode now and protect your golden years.
Show Highlights Include:
- How the “Great Resignation” happening in America obliterates your retirement portfolio (4:23)
- The “normal on a hiatus” phenomenon taking America by storm (and why it can be catastrophic for your portfolio) (6:11)
- How technology’s accelerating the potential economic disaster (and how to protect your portfolio and retire on time) (9:44)
- The weird way businesses act like humans (and how to use this to retire sooner than anyone you know) (10:36)
- 3 reasons why inflation will stay high — and why we won’t have “runaway inflation” with even higher prices (11:55)
- Why holding cash and taking your pension in retirement is a surefire way to beg for another job soon (12:16)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Investing is hard. You have to sacrifice your money now, so you can enjoy life later. Many people don’t start investing because it’s easier not to.
But you know what’s harder than investing?
Trying to retire in your 50s or waiting until you’re older to start investing. Waiting has a massive opportunity cost that nukes your wealth. Nobody wants to hand out flyers at Wal-Mart when they’re 72. Easy has a cost — and it’s expensive.
But don’t worry. In this episode, I walk you through the 6 sins of money and investing so you can retire sooner and wealthier than most people.
Listen to the episode now and secure your future.
Show Highlights Include:
- The “easy has a cost” mindset tweak that helps you invest more in 2022 than you ever have (1:33)
- Business magnate John Jacob Astor IV’s secret for acquiring $87 million in wealth in 1912 before the Titanic sank (2:16)
- The dirt-simple way to make investing a habit in the next 5 minutes (2:22)
- Why trading individual stocks is a surefire way to tank your returns (even if one generates 200% returns) (5:13)
- The weird way going to the gym a few times a week can make you rich (6:25)
- The unsexy investment advice you don't want to hear but makes you wealthier beyond belief (14:17)
- How Kobe Bryant’s family received $80 million more than he made in the NBA even after his death (15:08)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
If you watch the news, you’d think the economy only has a couple months left until utter chaos.
While we’re still learning how to navigate in the post-crisis world, there are many reasons to feel hopeful.
In this episode, you’ll discover why our economy isn’t all doom and gloom right now. Listen to the episode for a much-needed dose of hope.
Show Highlights Include:
- How the new variant stirred up ruckus in the global economy (and why you shouldn't fret) (1:51)
- Why understanding employment trends in America help you make smarter financial decisions (4:42)
- The 2 main components the U.S. needs to experience growth and prosperity again (5:06)
- Why we’re inching towards a rebounding global economy (even if it feels like it’s falling apart) (5:31)
- How to weaponize volatility in the market to see massive returns (9:38)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Would you board a flight that had a 70% probability of safely reaching its destination? How about 90%?
While these are odds we’d avoid if our life was on the line, many people blindly trust their retirement to a financial plan with similar numbers.
In this episode, I discuss why probabilities can destroy your finances, and factors you must consider to plan for retirement on your schedule and your terms.
Show Highlights Include:
- One crucial factor you must take into account in order for your future plans to succeed (5:23)
- The misunderstood third phase of retirement planning and how getting it wrong can destroy everything you’ve spent decades building (9:40)
- How to spend your retirement money without destroying everything you’ve decades building (9:40)
- The “Monte Carlo” approach to a profitable and sustainable retirement (15:35)
- How getting your “Distribution Rate” wrong could have you working until you die (17:00)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
In 2022, you can now save $20,500 in a 401(k) instead of $19,500. While that doesn’t sound like a huge increase, it makes a huge difference over time with the right retirement strategy.
How do you figure out the best retirement strategy for you?
While following generalized advice helps more than doing nothing, the real magic happens when you have a tailored plan.
In this episode, you’ll discover how to tailor your retirement strategy to maximize your nest egg (and minimizes your taxes).
Listen to the episode now so you don’t have to worry about your finances when you retire.
Show Highlights Include:
- 2 of the tax-friendliest vehicles to build your retirement nest egg (2:31)
- The exact percentage of your income to save for retirement so you can retire when you want (without sacrificing your your enjoyment of life today) (4:14)
- The “Anti-Oatmeal Approach” for saving for retirement without depleting your bank account (4:39)
- The “Tailor Technique” for figuring out your unique investment strategy based on your specific retirement goals (6:10)
- How to maximize your tax savings by minimizing your tax bracket (9:16)
- Is a traditional 401(k) or Roth IRA better? Here's your answer (13:28)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/, call us at 805-409-8150, or text track to 805-409-8150.
Your rational and emotional minds are at war every day. When your emotional mind wins, it causes you to make boneheaded financial decisions that jeopardize your retirement.
Changing your environment helps you take back control over your emotions set on destruction. In fact, even heroin-addicted veterans kick their addiction overnight when they change their environment.
In this episode, you’ll discover how changing your environment helps you make smarter financial decisions and protect your retirement.
Listen to this episode now before your emotions sabotage your retirement.
Show Highlights Include:
- How veterans kicking their heroin addictions overnight help you see better returns in the market (3:33)
- The insidious way subliminal messages in the media sabotage your retirement nest egg (5:20)
- How your emotions dupe you into making boneheaded financial decisions when you know better (and how to gain control over your emotions) (6:24)
- How to adjust your investment portfolio when the media won’t shut up about market downturns, volatility, and variability so you don’t undermine your retirement (7:09)
- The subtle “anti-emotion” mindset shift that gives you control over your emotions and protects your investments (8:54)
- The “Double D” investing strategy that maximizes your savings in retirement (9:29)
- Why you don’t need any more self-control than an addict to make more profitable financial decisions (13:08)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/, call us at 805-409-8150, or text track to 805-409-8150.
Do you procrastinate with your Christmas shopping?
Forbes wrote an interesting article a few years ago explaining why men wait until the last minute to start their Christmas shopping. While women start Christmas shopping as early as December 26th the year before.
They found that men procrastinate because deep down they’re perfectionists. And this reminds me about how most people approach their financial plan.
Many people put off their retirement plan because they’re waiting for a massive bear market or for some other silver lining to start. But the most successful people understand that starting now gives you the best chance to grow your wealth.
In this episode, you’ll discover why procrastinating ruins your returns — whether you’re building a financial plan or shopping for Christmas.
Listen to the episode now so you can enjoy your retirement instead of worrying about your finances.
Show Highlights Include:
- Why waiting until the last minute to do your Christmas shopping can wreck your retirement portfolio (3:58)
- Alexander Graham Bell’s secret for maximizing your retirement portfolio (7:55)
- How life puts up roadblocks that stop you from doing your most important tasks (and the mindset tweak needed to get your most important things done) (8:19)
- The “Just Build It” strategy for planning your retirement that obliterates your overwhelm (9:47)
- How figuring out your “why” today helps you take lavish retirement vacations as often as you like (12:26)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/, call us at 805-409-8150, or text track to 805-409-8150.
There’s a popular retirement ad that asks retirees what their retirement “number” is. This approach to retirement makes sense — and it’s generally better to have more savings than less.
But that isn’t always the case. There’s something more important than your savings. And that’s how much income you make from your savings.
In this episode, you’ll discover why setting a retirement income goal helps you enjoy your retirement while a savings goal makes you worry you’ll run out of money.
Listen to the episode now so you can live your retirement to the fullest.
Show Highlights Include:
- Why following the popular “what’s your number?” TV ad can force you to get a job in retirement (5:41)
- Should you have a savings goal or an income goal in retirement? Here’s the answer so you enjoy your retirement (7:20)
- The cold, hard truth about why so many retirees can’t enjoy their retirement (and how to avoid this) (8:07)
- Why being afraid of running out of your retirement money steals your retirement memories (8:28)
- The counterintuitive way aiming for a million dollar nest egg makes you complacent and ruins your returns (9:25)
- The “Moving Target Method” for setting your retirement number that prevents you from running out of cash (11:12)
- Why you might have enough savings today to retire right now (even if you haven’t hit your “number” yet) (14:45)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/, call us at 805-409-8150, or text track to 805-409-8150.
Political arguments pop up around Thanksgiving dinners all over America. But the point of Thanksgiving is to come together despite our differences.
Dating back to the first ever Thanksgiving, it’s been a celebration that we all benefit from coming together — especially when we disagree.
The truth is, you can’t have financial freedom without political freedom. And that means caring for and defending others you disagree with.
In this episode, you’ll discover the true importance of Thanksgiving. And how you can get along with other people in your family despite your differences.
Listen to the episode now.
Show Highlights Include:
- How the first Thanksgiving helps you avoid pointless political fights with your family over the holiday season (4:37)
- Why Thanksgiving helped America reunite after the Civil War (6:17)
- How inviting your friends to your Thanksgiving feast makes you feel even more grateful (7:36)
- Why caring for and defending others is the foundation of our great nation (even when you disagree) (9:31)
- How political and financial freedom go hand in hand to help you thrive (10:16)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/, call us at 805-409-8150, or text track to 805-409-8150.
Inflation is real and it’s here. The 5.4% rise in the Consumer Price Index over the last year is the highest in 13 years. You notice inflation’s insidious impact every time you fill up your tank or buy a cup of coffee.
But how big a threat is inflation to your portfolio?
Let’s pretend you have $60k today. In 20 years, that $60k would only be worth $33k!
Inflation is devastating to your portfolio. But it doesn’t have to be.
In this episode, I reveal how to counteract inflation. And the importance of having a retirement plan that protects you from inflation.
Listen to the episode now and shield your hard-earned money.
Show Highlights Include:
- The “Printing Phenomenon” responsible for skyrocketing inflation (3:37)
- The 2 root causes of our record-breaking inflation (4:36)
- Here’s how an average annual inflation rate of 3% over 20 years almost cuts your income in half (8:28)
- Why supply chain-induced inflation makes everything more expensive forever (11:33)
- The insidious way being scared of the market gobbles more of your money than making some bad investment decisions (14:21)
- Why the stock market, real estate, and crypto can “cancel out” inflation’s money-eating impact (15:36)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/, call us at 805-409-8150, or text track to 805-409-8150.
Are you thinking about buying your first home or moving up into a better home?
Most of my clients #1 expense is their housing. Buying (or upgrading) a house is a big decision that comes with a lot of peer pressure.
To make matters worse, paying too much for your home can cripple your financial future. And paying too little for your home makes you feel like you’re living in an inescapable nightmare.
That’s why I recommend everyone thinking about buying a home to ask the 3 questions I discuss in today’s episode.
Listen to the episode now before you make a decision you might regret later!
Show Highlights Include:
- Why listening to Dave Ramsey about mortgages sacrifices your financial freedom and happiness (2:58)
- The “50/30/20 Rule” for managing your budget (without overpaying or underpaying for anything) (8:03)
- The downside of owning a home — especially as a young person (9:49)
- 6 “hidden” expenses of owning a home that most people don’t think about (10:03)
- What percentage of your income should go towards your mortgage? Here’s the answer… (11:52)
- Why living in a home for less than 7 years almost guarantees that you won’t make money when you sell it (12:53)
References: Kipling
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
While the market continues to reach all-time highs, it won’t always be that way.
When the market goes down, it’s easy to let your lizard brain corrupt all your investments and ransack your returns. That’s why it’s important to have a strategy for down markets before they happen.
Don’t get me wrong. I’m not saying that the market will crash anytime soon – and nobody can predict downturns with certainty.
But having a plan in place helps maximize your returns even in down markets.
In this episode, you’ll discover the top 5 moves to make to protect your money when the market turns. Listen to the episode now and make your plan before the market swings.
Show Highlights Include:
- How your emotions thwart your returns in the stock market (2:36)
- The weird psychological “glitch” in the human brain that wants to devour your returns (3:55)
- The counterintuitive “dollar cost averaging” strategy for investing more when the stock market crashes (4:56)
- How to “get away” with adding to your tax-free Roth IRA (without increasing your tax bill this year too much) (9:09)
- Hate paying high taxes? This unusual “tax loss harvesting” method can cut your tax bill in half (10:39)
- 5 strategies to consider when the market’s down that neutralizes your emotions and helps you retire sooner (13:46)
- 4 of the best sectors to invest in during volatile times (15:51)
References: Kipling
Are you thinking about moving to a new state?
Many clients I’ve talked to recently either have already moved to a new state or are considering it. While people move for a variety of reasons, there’s a mass exodus out of some states — for both active and retired first responders.
Why?
Well, many states come with some great tax advantages especially for retirees.
In this episode, I reveal the 9 states in America that have no state income tax. And I guide you through some of the other pros and cons from a tax perspective in each of these 9 states.
Listen to the episode now before you decide on which state to move to.
Show Highlights Include:
- Do you live in California or New York? Here’s an obvious way to earn 7% more -- at the bare minimum -- overnight (3:39)
- The 9 states in America with no state income at all (4:24)
- The “Community Secret” for making moving out-of-state more enjoyable that nobody ever considers (6:54)
- The real reason why Florida is the most popular retirement state (and why it’s not the most tax-friendly) (9:25)
- How Nevada offers retirees the “jackpot” of tax savings (11:01)
- The 4 most popular retirement states for active duty and retired first responders living in California (13:38)
- The weird reason Texas is one of the least tax-friendly states for retirees according to Kiplinger (and why you should still consider moving there) (17:46)
- The “Oil and Mineral” reason why Wyoming has one of the lowest state and local tax burdens in America (22:22)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
References: Kiplinger
You’ve likely heard the term ‘supply chain’ more over the last few weeks than over the last year. And most of us are wondering what it means for our investments (and holiday shopping lists).
If you don’t understand the parts of a supply chain, you won’t know how it works together. And when one piece has a problem, the rest fails.
And supply chains can’t switch on and off like a light - as much as we want them to.
In this episode, I reveal how to protect your portfolio and shop with ease through a supply chain crisis.
Show Highlights Include:
- How to avoid the post-pandemic ‘supply chain strain’ on your portfolio. (2:05)
- Why looking at a pencil best explains the inflation, backed up ports, and empty shelves today. (7:25)
- The death of the Dollar Tree and why the shelves might seem more expensive today. (10:02)
- Using Nike’s business ventures to avoid losing any money in your portfolio this holiday season. (13:30)
- How to make smart investments and protect your shopping lists this holiday season. (19:49)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
The pandemic reshaped a lot of people’s retirement plans. Some anticipate a lower standard of living in retirement. Others have become more risk averse in the market. And 62% of retirees and near-retirees have cut spending to have a larger nest egg.
Not to mention, almost everyone is worried about inflation and the impact it will have on their retirement.
Are these the right actions to take?
While spending less and saving more is good general advice, you might be able to beat inflation when you have a diversified portfolio.
In this episode, I share how you can protect your retirement even as inflation runs rampant. And how to best protect your wealth so you don’t need to find a part-time job after you retire. Listen to the episode now.
Show Highlights Include:
- Why inflation is more dangerous to your retirement plans than even healthcare costs (4:23)
- How focusing on your health when you’re young is a better way to live a lavish life in retirement than only focusing on your wealth (4:35)
- The counterintuitive reason only 13% of retirees and near-retirees feel more bullish with their investments (and how to figure out if you should be more aggressive or conservative) (9:08)
- Why our economy is still healthy (even though we’re living through more volatile times) (9:48)
- The “Capitalized Profits Model” reason for why you should consider a more aggressive approach with your retirement portfolio (10:12)
- How to prevent needing a part-time job because you ran out of money in retirement (15:38)
- Why saving more doesn’t guarantee a more easy-going retirement (and how categorizing your savings grows your wealth more) (19:18)
- The 2% target you want to hold in cash during inflationary periods to best protect your wealth (25:38)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Reference:
https://www.kiplinger.com/retirement/retirement-planning/603347/kiplinger-personal-capital-poll-pandemic-retirement
Nobody likes paying taxes. So there’s a lot of hoopla about Biden’s new proposed tax code.
But are we paying more taxes than people 50 years ago?
When you dive deeper into it, we’re at the same tax rates as we were a long time ago. Especially when you use certain tax-advantaged retirement savings vehicles like a Roth.
In this episode, I reveal how a Roth can help you stop forking over your hard-earned money to the government. Listen to the episode now before you pay more taxes than you need to.
Show Highlights Include:
- The weird way there’s a 6% increase in you dying in a car accident on April 15th (6:35)
- Why Americans spend $170 billion and 6 billion hours trying to comply with the tax code (7:45)
- How billionaires legally pay lower taxes than their assistants (and how to apply this trick to your tax bill) (9:22)
- How Bill Roth gave you the biggest legal tax sanctuary that exists (and how to take advantage of it so you keep more of your hard-earned money) (16:11)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
You can research all of the ‘right’ questions for finding the perfect financial advisor...But you may not know what to do with the answers.
And if you don’t know what to do with the answers, how will you know if it helps your plan?
It’s easy to lose yourself in the number of clients, a track record, or even prior success. But an investor should be about you and your plan, not everyone else.
In this episode, I reveal the 5 most common questions to ask a financial advisor (and how to twist them in your favor).
Show Highlights Include:
- How to tell if a financial advisor is using science to invest your assets (or playing the guessing game). (4:55)
- How to tell if a financial advisor’s clientele makes (or breaks) the attention your investing gets. (7:22)
- Why your financial advisor needs a “backup team” to assist in your retirement goals. (11:09)
- How to avoid investors who live in the classroom and find someone with the experience to put your plan in place. (14:55)
- How to find a fiduciary advisor who knows your plan like the back of their hand. (17:33)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Everyone believes certain lies about money. But there are 7 that run rampant through society.
While some of these lies might seem obvious and benign, they can cripple your retirement portfolio, financial freedom, and add more stress to your shoulders.
That’s the bad news. The good news?
Once you’re aware of these money lies, you can plan a way to minimize their impact.
In this episode, I reveal what the 7 most common money lies we tell ourselves are. And how to avoid them so you can achieve financial independence sooner.
Show Highlights Include:
- Why avoiding money conversations with your friends and family lock you into destructive beliefs and habits (4:11)
- The “Monopoly Effect” that explains why hitting a certain income amount doesn’t magically make you happier (5:53)
- Warren Buffet’s “don’t buy it” technique that helps you avoid making expensive and unnecessary purchases (8:42)
- Why temptation almost always beats your financial willpower (and how to not give in to temptation) (8:59)
- How extra stress made impulse purchases skyrocket by 20% in 2020 (9:24)
- The weird way using a credit card makes you spend 10% more than using cash (even if you don’t pay interest) (9:46)
- How putting off your financial future robs you of compounding interest in plain sight (13:01)
- The counterintuitive way to use your greed to build a better financial portfolio for your family (17:19)
- The 7 most dangerous money lies everyone believes that sacrifice your retirement and financial independence (18:35)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
One of the most common questions I get from my clients is whether they should buy or lease a car. And it makes sense — after buying your house, your car is one of your biggest monthly expenses.
So should you buy or lease a car?
It depends on several factors that are unique to you. In this episode, I discuss all these factors so you can make a smarter financial decision whether you lease or buy. Listen to the episode now.
Show Highlights Include:
- Why used cars are up 24% from June 2020 (and how this affects whether you should buy or lease your car) (3:17)
- The “3-year breakeven” strategy that helps you decide if it's cheaper to lease or buy the same exact car (4:45)
- The “Interest Rate Arbitrage” secret that can help you make more money from financing a car instead of paying cash (6:35)
- Why car dealerships make their money with extended warranties (and how to decide if you need an extended warranty or not) (11:10)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
The news has been jumping between data and emotions so much, it can feel impossible knowing where to turn. Or what to believe. And retirement dreams are drowning out in news headlines.
Is there a point to retirement planning when you don’t know what the world is going to be like in ten years?
It’s easy to get swept up in the stream of everyday news. But you still need to set a course on making your money grow (and work for you).
At the end of the day, our emotions and logic are speaking the same language.
In this episode, I reveal how to plan and reach your retirement goals (without the data or drama getting in the way).
Show Highlights Include:
- The ‘Blaise Pascal’ way to balance between emotions and rationality in your planning. (3:12)
- Using the Normandy Invasion to make smarter financial decisions today. (7:26)
- How to make the most rational decision when your mind is in ‘data overload’ mode. (11:39)
- Why reaching all of your retirement goals starts with acting like a ship captain. (14:22)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Reading headlines and news articles about the economy can be confusing and downright wrong. For example, despite inflation making headline news, our analysis shows that it’s not too hot right now.
How can you separate fear from the truth?
Every quarter, One Capital Management creates a playbook to help you better understand what’s happening in the economy and where it’s going.
In this episode, I reveal the inside perspective from our investment committee, our partners, and our advisors. That way, you have a more accurate forecast of how the economy impacts your investment portfolio.
Listen now so you can make smarter and more profitable investment decisions through the rest of 2021.
Show Highlights Include:
- How the equity market maintains its momentum despite the various challenges caused by the crisis (3:23)
- Why duration bonds are a riskier investment than usual through the rest of 2021 (6:46)
- How a jump in interest rates causes bonds with longer durations to notch up to a 17% loss (7:06)
- Why seeking credit instead of duration helps you minimize risk and produce income in your bond asset classes (7:29)
- The counterintuitive reason inflation isn’t as bad as headlines news make it seem (8:47)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Many listeners and clients have recently asked me if they’re holding onto too much cash. Since inflation hits cash more than anything else, it’s a topic that’s on a lot of people’s mind.
Here’s the truth:
Cash yields basically nothing. And it shouldn’t play a huge role in your investment decisions.
In this episode, I reveal how much cash you should have on hand. And why holding too much money is stealing your wealth. Listen to the episode now.
Show Highlights Include:
- Why stockpiling cash drags down your entire portfolio (especially if storing money away makes you feel more secure) (3:06)
- The counterintuitive reason trying to time the market to maximize your gains costs more than buying an overpriced stock (5:39)
- The “3 to 6 month” rule of thumb that tells you exactly how much money you should hold in cash (7:47)
- The weird way playing it too safe can be more expensive than being wildly aggressive (9:01)
- How holding onto too much cash robs you in plain sight (9:05)
- The “Bucket Planning Strategy” for keeping enough cash on hand to fund emergencies (without sacrificing your future gains) (10:12)
- The “Wealthopoly Method” that maximizes your long-term investments (18:21)
- Why the old “set it and forget” method to investment can cost you hundreds of thousands of dollars (and why the “actively waiting” strategy is superior) (19:01)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Having financial and investment knowledge is good. But it doesn’t help make more money in the market unless you have wisdom.
So what’s the difference?
Knowledge is what you know. But wisdom is how you apply what you know to your real life.
In this episode, I’m revealing how you can turn your knowledge into wisdom so you can experience a life full of wealth (even if you’re broke right now). Listen now.
Show Highlights Include:
- Why learning more about the stock market doesn’t help you make more money from it (3:26)
- The counterintuitive way it’s more profitable to lose all your money in the stock market than to avoid investing completely (7:50)
- Don’t have extra money to invest? Here’s the simple 4-step process that makes your money work for you in your sleep (10:41)
- How some people making 6 figures still live paycheck to paycheck (and how to prevent this even if you make less) (12:17)
- How compound interest transforms your $400 car payment into almost $600,000 (18:52)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Have you inherited your parents’ money problems? Let me tell you a quick story:
The Dutch suffered through a famine towards the end of World War II after Nazis cut off their food and fuel. They had to survive on one loaf of bread and five potatoes per week.
Researchers studied what this did to children conceived during the famine.
Their results?
Across the board, these children were more prone to diseases, obesity, and financial woes for their entire lives.
Here’s why I bring it up:
Our lives aren’t as difficult as these children’s lives were. But the stress of being in their malnourished mothers’ wombs tormented them for their entire lives.
A recent study from Capital One CreditWise found that 73% of Americans rank their finances as their most significant source of stress. And the Dutch famine research proves that stress sabotages every aspect of your life and can steal your wealth.
In this episode, I’m revealing 7 ways to reduce your financial stress so you can live a happier, healthier, and wealthier life. Listen now!
Show Highlights Include:
- The sneaky way stress burrows into your life to cause dire health and financial problems decades later (6:54)
- The weird way Netflix pumping out more TV shows sucks your bank account dry (8:15)
- Why an unhealthy relationship with money suffocates you with stress (9:14)
- 7 scientifically proven ways to reduce your stress (and how reducing your stress makes you wealthier) (11:31)
- Why regular exercise can be even more profitable than looking at your portfolio (12:23)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
An investment advisor is a lot like a mechanic. They help you diagnose any problems in your portfolio and recommend the best action to take.
If an investment advisor is like a mechanic, then our economy is like a car with a broken windshield and chipped paint. But the engine still works as good as it ever did.
In this episode, I’m sharing some of the key economic indicators. And how understanding these indicators reduces your stress and anxiety about the future. Listen to the episode now.
Show Highlights Include:
- The top 3 economic indicators that help you understand where our economy stands (even if you’re not an economist) (4:23)
- Why longer period loans aren’t as affected by the Federal Reserve as shorter term loans (9:42)
- 2 ways you can get higher yields from your bonds (10:24)
- How understanding economic indicators calms your anxiety and fear for the future (18:44)
- Why the economy is like a beat up car right now (and why you shouldn’t worry about it) (18:58)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Getting more conservative with your investments as you age is a rule of thumb. But it doesn’t always make sense — especially when interest rates are historically low.
How can you properly plan for your retirement when “common knowledge” can wreck all your retirement plans?
In this episode, I’m revealing a new way to approach your investment strategy so you don't have to worry about running out of money in retirement.
Show Highlights Include:
- Why getting “safer” with your investment strategy as you age could cost you money (2:28)
- How a deferred comp plan drives you to a happy and healthy retirement (3:36)
- Why historically low interest rates steal your wealth if you follow the “age equals bond percentage” method (10:20)
- The “20 Year Adaptation Strategy” that prevents you from bankrupting your retirement (16:55)
- How to turn your financial weaknesses into cold, hard cash (20:38)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Biden’s proposing to raise taxes soon. How worried should you be?
It’s not all bad news (even if you want to keep your hard-earned money for yourself).
In this episode, I’m revealing 3 reasons why you shouldn’t sweat Biden’s tax hikes.
Show Highlights Include:
- How bears’ hibernation habits help you not fret about our current inflation (2:57)
- Why inflation rates are the highest they’ve been since the USSR collapsed (and why you shouldn’t worry about it) (5:01)
- Worried about inflation? Here’s why the Federal Reserve chair thinks it’ll wane over time (even if it lasts longer than predicted) (7:04)
- The counterintuitive reason to celebrate Biden’s tax hike (9:59)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Drawing from the wrong retirement accounts first can spike your tax bill, wreck your legacy assets, and make your retirement less fulfilling.
And the opposite is true:
Drawing from the right accounts first lowers your tax bills, builds your legacy, and pays for exotic vacations with your family.
So how do you know which accounts you should draw from first?
In this episode, I’m revealing which accounts are the best to draw from first and ways to protect your retirement from Uncle Sam’s greedy fingers.
Show Highlights Include:
- How pulling money from the wrong retirement accounts skyrockets your tax bill (3:15)
- Why following conventional retirement wisdom can sabotage your retirement plans (6:21)
- How to maximize your earnings in the 12% tax bracket before it shoots up to 22% (11:45)
- The counterintuitive way making less in your retirement accounts makes your children rich (15:35)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
What we hear about the economy changes on a minute-by-minute basis. And it’s hard to separate fact from fiction when everyone is saying something different.
Retirement, even in the best economy, is a huge transition. You don’t want to dip into emergency funds or drain your assets over bad market advice.
Breaking down the information you receive is the first step in smart investing.
In this episode, you’ll discover how to protect your plan from the wrong words and thrive in any economy.
Show Highlights Include:
- How to avoid manipulating your retirement plan with Led Zeppelin music. (1:53)
- Predicting the health of the 2021 economy through George Carlin’s double entendre. (3:22)
- How to protect your portfolio’s assets from the ‘Tale of Two Economies’ today. (7:31)
- How to calculate the true value of an investment (instead of trusting someone’s word). (16:41)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
A good retirement plan is crucial. You don’t want to look at your balance sheet when you’re 67 and realize you’ll always need a side job.
But designing a plan that works is hard. Your goals, situation and family are unique. Someone else’s plan probably won’t work as well for you.
That’s why you need to design your own retirement plan. In this episode, you’ll discover the 3 considerations that enable a long, wealthy retirement.
Show Highlights Include:
- Lessons from a 116-year-old about having a long, healthy retirement (without running out of money). (1:52)
- What Proverbs 15:22 can teach you about finding a financial advisor who steers you towards an abundant retirement. (15:20)
- How understanding income distribution keeps you from running out of money in retirement. (16:13)
- How to leave your legacy assets to the right people (instead of handing it to Uncle Sam). (18:50)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
2020 was the year of technology. Most of us jumped on Zoom, had food delivered at the door, and spent far too much time on Amazon.
And while tech has dominated our day-to-day living, it also drove NASDAQ up 43% (which says a lot about technology’s role in the market today).
Planning your dream retirement starts with knowing where these fast-paced companies are heading and being mindful of their financial power in the future.
In this episode, you’ll discover how to protect your retirement from fast-growing companies and preserve a plan in a tech-dominated future.
Show Highlights Include:
- How to protect your investments from ‘tech storms’ and fast-paced markets. (2:32)
- The most common mix-up about stock index and stock exchange in your retirement planning today. (6:07)
- How to drive investments through an uncertain future (for finances that outlast Amazon’s replacement). (7:31)
- Why you need portfolio diversification in a tech-driven market. (11:18)
- Why you can’t map out the same retirement plan as your coworker (even if you have the same goals). (13:52)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Learning about the DROP program feels like information overload… They hand you a ton of resources, dates, and deadlines without any idea how they relate to your retirement goals.
But knowing how DROP works is the only way to ensure a smooth transition from active duty to a stable retirement without money worries.
In this episode, you’ll discover how the DROP program helps you retire with a six-figure income and when to enroll for the most benefits in your retirement plan.
Show Highlights Include:
- How to navigate through ‘information overload’ about DROP programs and find the forms that best fit your retirement plan. (1:46)
- How to retire with top-tier benefits and an executive’s salary through the DROP program. (4:00)
- The ‘Golden Handcuffs’ Plan that adds half a million dollars to your retirement savings (without charging you sky-high interest rates) (10:34)
- How to retire stress-free with the four steps of the DROP program (and what deadlines and fees to avoid along the way). (12:16)
- DROP entry dates are irrevocable and irreversible - here’s how to make sure you don’t miss out on DROP benefits. (20:05)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
When it comes to conversations about inflation, you might find yourself filled with fear and thinking the worst about your finances. But once you understand the breakdown of a dollar, it’s easy to keep up with the price changes (and even raise the value of your assets).
Understanding inflation not only brings peace of mind to your portfolio but prepares you to thrive in any economy. So when the dollar drops, your plan is oriented around income and growth (instead of fear and expenses).
In this episode, you’ll discover what inflation does to the dollar and how to design a retirement plan that thrives and survives in any economy.
Show Highlights Include:
- How to stay calmdrop the fear of inflation when prices are rising and start raising the value of your assets (so that a Cup of Joe doesn’t get too expensive for you). (1:39)
- How to survive any price changes with the ‘Sandwich’ analogy. (7:13)
- Why cash can get you trapped if you don’t pay attention to inflation rates - and the easiest way to avoid ‘walking up the down escalator’ in your retirement plan right now. (12:55)
- Why you should plan your retirement like a round of golf - and how to avoid the ‘headwind’ of inflation in a portfolio that embraces your best life. (17:23)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
When it comes to spending the money you want and being able to livinge comfortably on a plan after you retire, your portfolio needs its own ‘secret sauce’ for sustainability.
And it might seem like you have all of the ingredients to retire, but most people spend their time focused on the wrong parts of their plan. The secret sauce is what brings your portfolio altogether and binds it for financial stability for the rest of your life… Remember: Work smarter, not harder.
In this episode, you’ll discover your ‘secret sauce’ to a stress-free retirement and how to design a plan that lets you spend the money you want (for as long as you want).
Show Highlights Include
- The ‘Bill Sharp’ method to optimizing your portfolio, being able to livinge comfortably on your pension, and using sick time as a ‘pool of overtime money’ for your savings. (1:39)
- Why every portfolio needs a their own ‘secret sauce’ for retirement - and the key ingredients for a plan that never runs out of money (no matter how much you spend). (3:54)
- The biggest reason people you might underestimate the money you need for retirement and the easiest way to get finances to work for you (instead of the other way around). (8:22)
- How to make enough money for a lifetime and know what you’re earning with only three parts of your retirement plan. (13:42)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Analyzing the risks and components of your retirement plan is crucial for ensuring you don’t outlive it. You never want to ask yourself: Am I always going to have money in retirement?
That’s where an actuary comes in… They protect your portfolio’s finances from unforeseen events and ensure that all components complement your age (so that your income only grows each year).
In this episode, you’ll discover how to design a retirement plan that outlives you (instead of the other way around) and why an actuary is your secret weapon for a risk-free retirement.
Show Highlights Include:
- Why ‘life expectancy’ rates cause you to run out of money in your retirement- and how to sustain a lifetime stream of income (with the least amount of risk). (0:55)
- The two things that calculate your insurance and pension benefits today - and how they play a role in your receiving payments for the future. (8:41)
- The Life Expectancy secret for making more money as you age (even if you’re in retirement as long as your time in service). (12:03)
- How to make a retirement plan ‘immortal’ for the family and have a higher spending rate than you ever expected. (14:22)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
You may have a calendar full of birthdays and business dates, but do you know what age-related milestones have the biggest impact on your financial plans? Or how to reap the financial rewards as you enter retirement?
Keeping track of financial dates is the easiest way to make sure you don’t retire too early (or miss any deadlines overworking your stay).
In this episode, you’ll discover what dates are significant to your retirement plan and how to ensure financial independence for you and your family with each milestone.
Show Highlights Include:
- How to protect decades of retirement savings through your calendar (and why these dates save you in highly problematic periods). (1:36)
- The five retirement-related conversations to have in your 50’s for protecting your investments, taking contributions, and avoidingavoid paying penalties. (7:24)
- How to enter your 70’s without giving Uncle Sam too much of your retirement money (and how much RMD to take out). (14:02)
- Using the “Francis Bacon” strategy to conquer your retirement deadlines and protect your family’s finances (with each year that passes). (17:11)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Whether it’s politics or social occurrences, the market is always changing. And you shouldn’t have to worry about what’s happening around the world to protect what’s in your portfolio.
Finding sustainable investments is not about trying to “predict the unpredictable,” but becoming adaptingable to any disruptions. Will your investments make you money tomorrow?
In this episode, you’ll discoverlearn how to find profitable investments in any political environment and what the current market means for a plan that fits your future.
Show Highlights Include:
- Why the Meghan Markle and Prince Harry interview directly relates to your skepticism of markets today. (1:28)
- What 401k plans reveal about political environments - and how to instantly protect your plan (no matter who’s elected). (4:38)
- How to make market disruption a part of your investing and why every portfolio needs a ‘see saw’ effect. (8:37)
- Why planning a prosperous retirement starts with skepticism and social media. (11:37)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Playwright Tennessee Williams once famously said, “You can be young without money, but you can’t be old without it.” That sums up retirement planning.
And to avoid feeling stressed over how the money you spend in retirement, you need a plan that grows and protects your assets (or you’ll hit a roadblock the first time you need to pull emergency funds)
In this episode, you’ll discoverlearn why retirement planning is more than numbers and how your mindset about money affects the income you generate today.
Show Highlights Include:
- The “Tennessee Williams” model for planning your most comfortable retirement. (1:52)
- What this IRI study reveals about understanding your work and forecasting your wealth right now. (8:28)
- The “Scarcity vs. Abundance” mindset that transforms assets into streams of income. (12:05 )
- The real reason retirees blow through their money and the financial strategy you need for living comfortably (no matter what the future holds). (17:39)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
You might think you’ve got retirement planning all figured out. But some mistakes in planning for the future are more common (and costly) than others.
And knowing the number you want to retire at is one thing. Understanding it is another.
In this episode, I discuss how to maximize the income you generate and how much you should save for a happy and healthy retirement.
Show Highlights Include:
- How the world of advertising affects your retirement planning today. (1:28)
- How to put a price tag on your most valuable retirement (without the fear of saving too little). (5:35)
- The income philosophy for maximizing every penny and knowing how much income makes you happy. (15:15)
- How to retire earlier than you thought possible (and with more money than you realize). (10:40)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
2020 was about ‘expecting the unexpected’ in your investments. And while cryptocurrencies are on the rise, you might be wondering if they’re here to stay (or worth the time in your portfolio).
How we think about investing changes all the time. But knowing the difference between high and low-risk investments is key to success in your portfolio (and your retirement).
In this episode, you’ll learn why cryptocurrencies are the conversation of today and what alternative investments your portfolio needs for a happier retirement.
Show Highlights Include:
- Using the “Charles Blondin” mindset for finding the investments that enrich your portfolio (and your retirement). (0:44)
- What Jack Dorsey’s $3 million tweet reveals about alternative investment strategies - and where cryptocurrencies are headed in your portfolio. (5:50)
- The real reason SPACs are called ‘blank-check companies’ and investments worth the risk for maximum portfolio growth. (8:24)
- How to avoid ‘herd mentality’ on hot ticket trends and keep your eye on the investments that fit your retirement goals. (11:03)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Retirement is more than having a plan in place. And while you may be excited thinking about how you’ll spend your days, you have to ask the right questions today (or let your emotions make financial decisions in the future).
Your mind and body have to agree on retirement or it often leads to an unhappy one.
In this episode, I discuss the five questions you should ask yourself prior to quitting your job and the answers that provide a happy and healthy retirement.
Show Highlights Include:
- Why retirement is more than financial planning and how to tell if it’s time to leave the job yet. (2:05)
- Why picking the best time to retire starts by ignoring your calendar. (5:50)
- The book for living a purpose-driven retirement (no matter what you do). (8:55)
- What your lifestyle and hobbies have to say about your retirement plan today (and why income doesn’t matter that much). (12:04)
- Understanding how much money your retirement plan needs and how to protect it from unknown expenses in the future. (18:05)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
When it comes to talking about the Dow Jones Industrial Average, you’re referring to the marketplace. And while you should be aware of its current state, understanding its history is the only way to predict it.
How do you plan your retirement without forecasting your finances?
In this episode, I discuss what the Dow Jones Industrial Average reveals about protecting your portfolio today and preserving finances from an ever-changing marketplace tomorrow.
Show Highlights Include:
- The “Dow Jones Industrial Average” crash course for a portfolio that replicates wins and protects you from economic losses. (1:36)
- Why your understanding of market history preserves the retirement goals you make today. (4:58)
- What the General Electric Company reveals about marketplace change and how to protect your finances in any environment. (8:26)
- What the marketing index is, and how to use it to protectmeans for protecting your investments and diversifying your portfolio. (12:00)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Playing a game of football is similar to your investment portfolio. And while you should have ‘star player’ investments, you also need linebackers as a safety net for your assets.
Or as the saying goes, “Don’t put all your eggs in one basket.” Even if you’re seeing mouth-watering returns when you look at your portfolio. Even if they look like the best eggs for your basket.
In this episode, I discuss how to properly diversify your portfolio and defend your investments for a stress-free retirement.
Show Highlights Include:
- What the Mexican-American War reveals about the ‘winning investments’ in your portfolio and why they don’t always protect you. (1:22)
- How to immediately avoid the ‘Pete Carroll’ approach to planning your retirement. (3:03)
- The biggest mistake in managing your investments and how to find the companies that compliment your retirement goals. (8:20)
- What a properly diversified portfolio needs for protecting your assets and sustaining a successful retirement. (10:40)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Knowing how to manage your money and make it last is essential in any financial plan. And while putting cash aside might seem ‘pretty easy,’ there are necessary steps for managing your own (without sabotaging your retirement funds).
Whether your goal is to save for your next trip, buying a new home, or even “just to have cash on hand,” you can still live the life you want today while ensuring your income for tomorrow.
In this episode, I discuss why financial planning doesn’t have to be ‘all or nothing’ in your budgeting - and how the right strategy protects your portfolio for decades to come.
Show Highlights Include:
- How the ‘Diderot Effect’ steals from your savings and what you can do to successfully manage cash flow in the future. (1:20)
- How to accurately define your money goals and where the 70/30 rule plays a part in your cash-saving strategies today. (4:25)
- How to avoid ‘tunnel vision’ while saving for the next big thing and still live the life you want (without ignoring any bills or lingering debt in the process). (9:50)
- Why your financial plan is like designing a car and the investments you need for protecting your lifestyle and preserving your income (without facing engine failure down the road). (16:02)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
While many of us find the topic of life insurance one that is ‘complicated and expensive,’ it couldn’t be further from the truth. If you consider what it means for your family, the right life insurance plan helps loved ones in your absence and protects the assets you’ve worked your life for.
Death often comes is unexpected - that’s a fact. But designing a plan that works with your portfolio only makes day-to-day living easier for the people you care about and gives you peace of mind.
In this episode, I discuss how to overcome the stigmas of life insurance and why you should be using it as a financial tool for your family today.
Show Highlights Include:
- Plato’s understanding of the human mind and what it means for how our emotions impact the life insurance decisions we make. (1:40)
- What a near-death experience reveals about your life insurance and how to immediately take the financial pressure off your community and family members. (6:08)
- How the LIMRA study strips any stigmas of life insurance being “too expensive” and the three factors that determine what you pay today. (12:30)
- How risk management helps you chooseplays a role in your life insurance and designning a plan that preserves your assets and protects your family for generations to come. (15:02)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Planning the retirement you want starts with understanding how your pension plan fits into the ‘big picture.’ And without those overtime hours and biweekly paychecks, how will you protect the money you worked so hard for? Or know you have enough to support and feed your family?
In this episode, I discuss what happens when you move from active duty to retirement, and how a pension plan supports the transition with the most cash flow and the least amount of risk.
Show Highlights Include:
- The “Project 523” path to protecting your years of dedicated service and preserving your pension now. (3:00)
- How to live a comfortable retirement without penny-pinching or counting vacation hours (no matter what changes in the economymarketplace). (9:00)
- How a pension plan protects your family for the ‘worst-case scenario,’ and why insurance plays a role in safeguardsding your assets for generations to come. (17:40)
- What the Catch-22 author reveals about the ‘traps’ of your pension planning today. (22:00)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
When it comes to growing your wealth and protecting your savings, there are three things every investment plan needs.
And not only will these things help you in the future, they’ll let you live comfortably right now too. Financial planning shouldn’t affect the life you live today, nor should it drown you in expenses later.
In this episode, I discuss the wealth-building tactics that contribute to a successful portfolio and the risks you can avoid for a peaceful retirement.
Show Highlights Include:
- The “Tommy Lasorda” approach to putting together the perfect investment plan today. (3:00)
- How to avoid risky equities and scale your wealth sustainably for a stable retirement. (5:01)
- The investments your plan needs for creating income and growing it exponentially in the near future. (9:42)
- How to set goals that make your money grow and protect your family’s assets immediately. (11:15)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Death and taxes aren’t topics to liven up a room.And while these conversations seem hard to have, they ultimately decide how you want your loved ones to receive everything you’ve worked so hard for.
But the pitfalls of probate can leave your heirs more overwhelmed than supported. Your legacy ends up in the hands of the federal government. And no one wants that.
In this episode, I discuss how estate planning protects your heirs for generations to come - and why it is essential to your retirement plan for a legacy that lasts.
Show Highlights Include:
- The real reason taxes are renamed and what their confusing wording reveals about your estate planning today. (1:46)
- How the history of the stamp tax lets the government take your legacy from your heirs (and how to protect it from the IRS now). (5:06)
- The documents you need to protect your estate from the federal government and keep loved ones from suffocating in your taxes. (8:25)
- What junk drawers can teach us about estate planning and how this lets you leave a legacy like Rockefeller. (11:33)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Paying taxes can feel like pulling teeth… And while it seems unbearable, knowing how to get through the process with the least amount of pain is what makes your retirement a breeze. You don’t want taxes eating away at your returns the moment you stop working.
Even if you haven’t thought about your retirement yet, taking control of your finances starts with planning them today. Especially when tomorrow’s tax bracket isn’t promised.
In today’s episode, I share four tips on planning your most profitable retirement (so you don’t fall victim to surprise taxes later on).
Show Highlights Include:
- How a retirement plan costs you more in taxes and how to keep more of the money you make today. (4:58)
- The biggest mistake in owning stocks or bonds and how to invest alongside your retirement plan. (8:00)
- Why tax-free, penalty-free withdrawals start with the money you’re spending right now. (10:45)
- How to adjust your current retirement plan for paying less taxes now (while avoiding penalty taxes later). (15:13)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Would you board a flight that had a 70% probability of safely reaching its destination? How about 90%?
While these are odds we’d avoid if our life was on the line, many people blindly trust their retirement to a financial plan with similar numbers.
In this episode, I discuss why probabilities can destroy your finances, and factors you must consider to plan for retirement on your schedule and your terms.
Show Highlights Include:
- One crucial factor you must take into account in order for your future plans to succeed (5:23)
- The misunderstood third phase of retirement planning and how getting it wrong can destroy everything you’ve spent decades building (9:40)
- How spending your retirement money prevents you from destroying everything you’ve decades building (9:40)
- The “Monte Carlo Analysis” approach to a profitable and sustainable retirement (15:35)
- What your “Distribution Rate” is and How getting your “Distribution Rate”it wrong could have you working until you die (17:00)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
There are many things to consider when looking at a DROP plan. You want the right strategy for peace of mind and a comfortable retirement. But if you don’t have a sustainable strategy, then your financial security goes right down the drain. Who wants that kind of stress after retirement?
Finding a plan that works for you starts with knowing what numbers to nurture. How you spend, save, and earn determines the success and happiness of your retirement.
In this episode, I discuss how the DROP plan revolutionizes your retirement so you can make more money while taking fewer risks.
Show Highlights Include:
- The lesson of the ‘Fosbury Flop’ and why it relates to building your sustainable retirement plan. (1:10)
- Why the wrong environment will leave you penniless (even if you’ve worked the same as your successors). (5:11)
- How a customized DROP plan brings more jobs to your city and pays you like an executive. (7:31)
- What studies didn’t tell you about sustainable withdrawal rates - and the secret to how they always keep money in your pockets. (12:48)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
With so many ways to invest your retirement money, many first responders put off making a choice until it’s too late. There’s only so much to go around, and you need to pay your bills too!
Your deferred compensation plan is one of the biggest benefits available to first responders, so getting your contribution right is key to retiring on your terms.
In this episode, I discuss how to figure out exactly what you should contribute, and why small increases add up to huge amounts over time.
Show Highlights Include:
- The “Ripple Effect” principle that can dramatically improve your retirement lifestyle and how to kickstart it today (3:38)
- How to determine exactly how much you should contribute to your deferred comp plan (8:01)
- Why “Dollar Amount” contributions are stunting the growth of your retirement plan and what you need to do instead (11:29)
- Is the ROTH IRA may not be right for you? How to figure it out today. (12:59)
- A proven method to decrease investment volatility and give you peace of mind when investing (15:30)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Words like conservative and aggressive are tossed around in the investment world all the time. Same with passive and active. While these ideas seem to make sense when someone is shouting them at you from your television, reality is different.
These terms can mean various things in the context of different retirement portfolios. The most important thing is to understand how they relate to your individual situation.
In today’s episode, I discuss the importance of understanding your investment strategy and how to be absolutely sure your investments are on the right track to take you to your perfect retirement.
Show Highlights Include:
- The profound lesson a jar full of rocks can teach you about time management (1:40)
- Why actively managing your portfolio can destroy your life and finances (4:58)
- How the definition of risk is stifling your portfolio growth and how to know exactly what to invest in (12:36)
- Why a “conservative” investment strategy can tank your retirement fund faster than a weekend in Vegas (14:08)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
You’ll never reach any goal without a plan. Your finances are no different. If you don’t proactively plan and strategize your financial life, you’ll find yourself working until you’re 90.
But making a plan is not enough. You have to regularly review your plan to make sure it’s still serving your goals.
In this episode, I discuss how to keep your financial plan profitable and on track through regular reviews.
Show Highlights Include:
- The Stanford rule of uncertainty and how to use it to safeguard your financial plan from ruin (3:14)
- Why failing to regularly review your financial plan will leave you broke (3:49)
- How to be absolutely certain your financial plan will survive the worst times of your life (7:42)
- The right way to adjust your financial plan following a massive life change event (11:31)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Our culture offers you unlimited “opportunity” to get in debt every day. A tremendous number of Americans have some amount of credit card debt.
If you find yourself in debt, there is a way out. But you have to make sure you’re treating the disease rather than the symptoms.
In this episode, I discuss common causes of financial trouble and a system for getting out and staying out of debt for good.
Show Highlights Include:
- 3 ways to distinguish good debt from bad debt (5:12)
- Shocking statistics on American credit card debt and how it affects you(11:43)
- The peace of mind method for deciding which account you should focus on paying off first (15:45)
- How to proactively take control of your finances to avoid future debt (17:41)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
It’s been a crazy year. One full of unprecedented events. And when times are this confusing, it can be tempting to abandon your plans and wait for them to be over.
But this is the worst thing you can do!
Chaotic times call for more careful and detailed planning, not less.
In this episode, I discuss how to protect your investments in a turbulent market. I also explain why you need to start building your plan now if you want to meet your financial goals.
Show Highlights Include:
- One key step you must take today to safeguard your investment portfolio in uncertain times (6:12)
- How to set up “Emergency Preparedness Plans” for your finances to ensure you don’t lose everything you saved (10:19)
- A simple way to make sure the government doesn’t steal all your savings if you die suddenly (11:16)
- Commonly overlooked principles for financial planning that can leave you without the cash you desperately need (12:49)
- The “Q & Q” method for planning your financial future and why you need to start today (14:43)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Money is a complicated topic. We all have ideas and associations with money that we picked up over the course of our lives.
But these hold us back from saving the money we need to retire on our own terms. The wrong ideas can lead to devastating financial consequences.
In this episode, I discuss 6 common investing mistakes and how you can avoid them to keep your retirement on track.
Show Highlights Include:
- Why seeking the perfect retirement plan will have you working until you’re 90 (2:16)
- A devastating market-timing mistake that can drain your retirement account faster than you thought possible (3:08)
- Why you need to embrace risk to build a retirement account that will support your lifestyle when you stop working (4:41)
- How focusing on daily stock changes causes you to tank your long-term (9:09)
- Why building a perfect portfolio is impossible and how to make the best decisions for your own retirement plans (10:24)
- How the perfect life circumstances could prevent you from ever retiring (15:57)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Money is a difficult topic to discuss with other people. This makes it tempting to do it alone when it comes to planning your retirement.
This is a mistake.
Even with the necessary knowledge, your emotional connection to your money can blow up your retirement.
In this episode, I discuss how financial advisors can grow your money faster and why a financial advisor is helpful (even if you don’t have a lot of money saved).
Show Highlights Include:
- What Edmund Hillary’s climb of Mount Everest teaches you about not wasting the money you’ve worked hard to save (3:00)
- How “Liquidity Events” can ruin your retirement if you don’t have the proper guidance (5:01)
- Why a financial advisor can effortlessly add 4% to your retirement returns if you choose the right one (9:42)
- The surprising reason managing your own plan sabotages your ability to retire without a side job at Wal-Mart(11:15)
- Why financial advising goes beyond managing money and how it can impact your health and mental well-being (12:57)
- The retirement-destroying mistake first responders make in hiring a financial advisor (even if you don’t have a lot of money) (16:35)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
When it comes to our vacations, we plan every single detail to make sure everything is perfect. We understand that hope is not a strategy when it comes to pulling off a memorable trip.
So why do we do the opposite with our retirement? Most of us put some money away, never look at it, then hope we’ll have enough saved up when it’s time to retire.
This approach will have you working until you die.
In this episode, I discuss the best way to plan and set goals so you can retire when and how you want.
Show Highlights Include:
- The Steven Covey principle for a prosperous and relaxing retirement (5:13)
- How to squeeze the most value of our your goals to carry out a successful plan (6:13)
- The 3 retirement planning categories and how they predict your ability to retire when you want (9:21)
- Why “Great American Novel” retirement plan reports are worthless and how to plan your retirement on a single page (10:04)
- How to transform your “junk drawer” of assets into a financial windfall (13:12)
- Why $1 Million is a terrible retirement goal (16:08)
To schedule your free retirement tracking meeting, specifically for first responders, head to http://pensionattention.com/ or call us at 805-409-8150.
Pension Attention is a show dedicated to helping firefighters and police officers take charge of their finances to build a life they love. Your host Brad Barrett is a Managing Director and Partner at One Capital Management, a top ranked independent investment advisory firm managing $2B in assets for clients. He has advised families in the Los Angeles City Fire Department for over 12 years, is an active member in Kingdom Advisors, a biblically based advisory network and holds the certified financial planning designation.