Pension Attention

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.