Summary:
Best selling author Kim Butler and co-host No B.S. Money Guy Todd Strobel talk about different problems with pensions and answer listener questions. In this episode they talk about the changing timetables with pensions and what to do to protect and build your wealth.
Tune in to find out how to take control of your finances today. Do you have a question you would like answered on the show? Please send it to us at welcome@ProsperityThinkers.com and we may answer it in an upcoming episode.
Links in this Episode:
Free ebook – www.partners4prosperity.com/ebook
Listener gift – Financial Planning Has Failed book and audiobook
Submit your questions welcome@ProsperityThinkers.com
Show Notes:
00:00 Introduction
00:31 Today’s topic: Problems with Pensions
01:19 Understanding defined contribution plans
03:55 Explaining older style defined benefits plans
04:38 The history of pensions
07:10 How underfunded pensions are affecting all of us
10:38 Pension funds changing timetables and payments
11:21 The best way to get good results with your finances is to take care of them yourself
12:50 The 3 legged stool of: Social Security, Pensions and Savings
14:58 Gift for listeners: Financial Planning Has Failed book and audiobook
16:06 Listener question #1 – Start now or later to draw from your pension?
18:56 Listener question #2 – Taking a lower amount or higher amount from a pension to protect your spouse?
Disclosure: Our content is meant for educational purposes only. While it’s our goal to help you learn about building a life of prosperity, we do not intend to provide financial advice. Please consult your financial, tax or legal advisor before making any investment or financial decisions.