Pension Attention

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.