The Houston Midtown Chapter of The Society for Financial Awareness Presents MONEY MATTERS with Christopher Hensley

Today's spotlight was on the up and coming podcast Savage and Scholars.  Past topics have included music, philosophy, psychedelics, computer science, Brazilian jiu jitsu, psychology , working out and much more!!!! 

We were joined today by podcast host, Miguel Dominguez

 

Miguel shared his take on the positive health benefits of training in competitive Brazilian Jiu Jitsu. How BJJ can help build a framework for both children and adults who train.  We also discussed podcast as an emerging medium.

Tune in at:

https://anchor.fm/savages?utm_source=listennotes.com&utm_campaign=Listen+Notes&utm_medium=website 

More about Houston Money Week visit:

www.Houstonmoneyweek.org

http://www.cheatsheet.com/personal-finance/how-schools-can-improve-their-personal-finance-education.html/

Financial Advisor Magazine Articles:

http://www.fa-mag.com/news/advisors-stay-the-course-amid-monday-s-market-drop-22864.html?section=3 

http://www.fa-mag.com/news/on-it-s-80th-anniversaryadvisors-consider-social-security-s-impactfuture-22784.html?section=3

You can listen live by going to www.kpft.org and clicking on the HD3 tab.
You can also listen to this episode and others by podcast at:

http://directory.libsyn.com/shows/view/id/moneymatters

or

www.moneymatterspodcast.com

#KPFTHOUSTON #HoustonMoneyWK #Savages&Scholars #ChrisHensley #FinancialPlanning #FinancialAdvisor #MoneyMattersPodcast #KPFT #Houston #Texas #UnitedStates 

Direct download: Money_Matters_Episode_247.mp3
Category:general -- posted at: 7:13pm PST
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Probability-based or safety-first? What trade-offs exist between these two dramatically different philosophies for retirement income planning? Wade Pfau discusses his new book - Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement.

 

We were joined today by bestselling author Wade D. Pfau, Ph.D., CFA, RICP.

Dr. Pfau is the director of the Retirement Income Certified Professional designation and a Professor of Retirement Income at The American College of Financial Services in King of Prussia, PA. As well, he is a Principal and Director for McLean Asset Management. He holds a doctorate in economics from Princeton University and publishes frequently in a wide variety of academic and practitioner research journals on topics related to retirement income. He hosts the Retirement Researcher website, and is a contributor to Forbes, Advisor Perspectives, Journal of Financial Planning, and an Expert Panelist for the Wall Street Journal. He is the author of the books, Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement, How Much Can I Spend in Retirement? A Guide to Investment-Based Retirement Income Strategies, and Reverse Mortgages: How to Use Reverse Mortgages to Secure Your Retirement.

 

About Safety-First Retirement Income Planning

To learn two fundamentally different philosophies for retirement income planning, which I call probability-based and safety-first, diverge on the critical issue of where a retirement plan is best served: in the risk/reward trade-offs of a diversified and aggressive investment portfolio that relies primarily on the stock market, or in the contractual protections of insurance products that integrate the power of risk pooling and actuarial science alongside investments. The probability-based approach is generally better understood by the public. It advocates using an aggressive investment portfolio with a large allocation to stocks to meet retirement goals. My earlier book How Much Can I Spend in Retirement? A Guide to Investment-Based Retirement Strategies provides an extensive investigation of probability-based approaches. But this investments-only attitude is not the optimal way to build a retirement income plan. There are pitfalls in retirement that we are less familiar with during the accumulation years. The nature of risk changes. Longevity risk is the possibility of living longer than planned, which could mean not having resources to maintain the retiree’s standard of living. And once retirement distributions begin, market downturns in the early years can disproportionately harm retirement sustainability. This is sequence-of-returns risk, and it acts to amplify the impacts of market volatility in retirement. Traditional wealth management is not equipped to handle these new risks in a fulfilling way. More assets are required to cover spending goals over a possibly costly retirement triggered by a long life and poor market returns. And yet, there is no assurance that assets will be sufficient. For retirees who are worried about outliving their wealth, probability-based strategies can become excessively conservative and stressful.This book focuses on the other option: safety-first retirement planning. Safety-first advocates support a more bifurcated approach to building retirement income plans that integrates insurance with investments, providing lifetime income protections to cover spending. With risk pooling through insurance, retirees effectively pay an insurance premium that will provide a benefit to support spending in otherwise costly retirements that could deplete an unprotected investment portfolio. Insurance companies can pool sequence and longevity risks across a large base of retirees, much like a traditional defined-benefit company pension plan or Social Security, allowing for retirement spending that is more closely aligned with averages. When bonds are replaced with insurance-based risk pooling assets, retirees can improve the odds of meeting their spending goals while also supporting more legacy at the end of life, especially in the event of a longer-than-average retirement. We walk through this thought process and logic in steps, investigating three basic ways to fund a retirement spending goal: with bonds, with a diversified investment portfolio, and with risk pooling through annuities and life insurance. We consider the potential role for different types of annuities including simple income annuities, variable annuities, and fixed index annuities. I explain how different annuities work and how readers can evaluate them. We also examine the potential for whole life insurance to contribute to a retirement income plan. When we properly consider the range of risks introduced after retirement, I conclude that the integrated strategies preferred by safety-first advocates support more efficient retirement outcomes. Safety-first retirement planning helps to meet financial goals with less worry. This book explains how to evaluate different insurance options and implement these solutions into an integrated retirement plan.

 

More about Houston Money Week visit:

www.Houstonmoneyweek.org

http://www.cheatsheet.com/personal-finance/how-schools-can-improve-their-personal-finance-education.html/

Financial Advisor Magazine Articles:

http://www.fa-mag.com/news/advisors-stay-the-course-amid-monday-s-market-drop-22864.html?section=3 

http://www.fa-mag.com/news/on-it-s-80th-anniversaryadvisors-consider-social-security-s-impactfuture-22784.html?section=3

You can listen live by going to www.kpft.org and clicking on the HD3 tab.
You can also listen to this episode and others by podcast at:

http://directory.libsyn.com/shows/view/id/moneymatters

or

www.moneymatterspodcast.com

#KPFTHOUSTON #HoustonMoneyWK #WadePfau #ChrisHensley #FinancialPlanning #FinancialAdvisor #MoneyMattersPodcast #KPFT #Houston #Texas #UnitedStates 

Direct download: Money_Matters_Episode_246.mp3
Category:Financial Literacy -- posted at: 9:16am PST
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When preparing for standardized tests, most students only study content and strategy. But teacher and mindfulness expert Logan Thompson claims that those are just the tip of the iceberg.

Beyond the Content shows readers how to use mindfulness to identify and cope with hindering thoughts and emotions--what author Logan Thompson calls "passengers."

Thompson says that while mindfulness is already practiced in businesses, colleges, and professional sports to optimize performance, it's long overdue in test prep. 

Logan Thompson scored in the 99th percentile on the SAT(R), GRE(R), and GMAT(R). He has studied and practiced mindfulness since 2008. After earning his MBA from Vanderbilt University, Thompson lived at the Insight Meditation Society in Barre, MA, for two and a half years, spending several months in silent mindfulness retreats. He also completed a two-year mindfulness teacher-training program by Inward Bound Mindfulness Education. Thompson holds a master's of education in human development and psychology from Harvard University and is an adjunct psychology professor. He has spend the past several years teaching both mindfulness and test prep for Manhattan Prep. 

 

Beyond the Content is available wherever books are sold.

 

Follow Logan Thompson:

twitter.com/loganjthompson

instagram.com/loganjthompson

facebook.com/loganjthompson1

Website: loganjthompson.com

 

To learn more about Houston Money Week visit:

www.Houstonmoneyweek.org

 

http://www.cheatsheet.com/personal-finance/how-schools-can-improve-their-personal-finance-education.html/

Financial Advisor Magazine Articles:

http://www.fa-mag.com/news/advisors-stay-the-course-amid-monday-s-market-drop-22864.html?section=3 

http://www.fa-mag.com/news/on-it-s-80th-anniversaryadvisors-consider-social-security-s-impactfuture-22784.html?section=3

You can listen live by going to www.kpft.org and clicking on the HD3 tab.
You can also listen to this episode and others by podcast at:

http://directory.libsyn.com/shows/view/id/moneymatters

or

www.moneymatterspodcast.com

#KPFTHOUSTON

#HoustonMoneyWK

#LoganThompson

Direct download: Money_Matters_Episode_245.mp3
Category:Financial Literacy -- posted at: 7:52am PST
Comments[0]

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