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PPR 168_ Financial Parenting Advice

Kraig Strom, The Income Engineer

Release Date: 12/23/2024

PPR 259 DOW Wheels are Expensive! show art PPR 259 DOW Wheels are Expensive!

Kraig Strom, The Income Engineer

I'm a crazy car guy so don't take this the wrong way. I love it when the wheels on a car are perfectly matched to the car; however, custom wheels on a car have got to be one of the most financially crazy things I see everywhere. There is no such thing as investing in good or great wheels for your car or truck. No matter what you pay for your fancy wheels, they will be worth less seconds after you roll them out of the show room. I personally respect people who do a little shopping for a great deal on gently used cars and car accessories. This is one of the best stories I've come across and I...

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PPR 259 DIY Fail Inherited Property Mistake show art PPR 259 DIY Fail Inherited Property Mistake

Kraig Strom, The Income Engineer

As a Paralegal and a Certified Financial PlannerĀ®, Kraig is uniquely able to assist clients with the careful preparation of asset protection and estate plans.  Kraig's team uses a financial-planning approach to ensure that each client obtains the best possible outcomes. With 120 years of combined legal and financial services experience between our team members, we can help you think defensively about protecting your wealth, investments, business intellectual property, and other assets and counsel you through choices you make to prepare for the future.   Thanks to the death of...

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PPR 259 Just Say No to Wall Street show art PPR 259 Just Say No to Wall Street

Kraig Strom, The Income Engineer

AT THE END OF A RECENT CALL WITH ONE OF MY CLIENTS, I ASKED IF THERE WAS ANYTHING ON THEIR MIND. THEY SAID, "FUNNY YOU SHOULD ASK, WE WERE WONDERING IF YOU WOULD BE WILLING TO WORK WITH OUR SON" FULL DETAILS ARE IMPORTANT. THEIR SON HAD DONE A GREAT JOB AND SAVED UP OVER $250,000 BY AGE 30.  HE HAS A GREAT JOB BUT HIS BIGGEST DESIRE IS TO GET INTO THE REAL ESTATE FLIPPING GAME. MY CLIENTS ARE RETIRED AND AFTER SELLING THEIR VERY SUCCESSFUL BUSINESS IN CALIFORNIA, THEY PROMPTY MOVED OUT OF CALIFORNIA TO A LOWER COST OF LIVING IN IDAHO. THEIR SON LIVES IN NEVADA AND WOUD LIKE TO START...

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PPR 259 WYS Cash vs Credit show art PPR 259 WYS Cash vs Credit

Kraig Strom, The Income Engineer

Podcast Listener Jimmie writes in with a question about paying cash for a car versus financing. Jimmie thought that paying cash was the best way to buy things. When you consider that the purchase is only one part of the overall equation, it is clear that cash is not king in this case. Thanks to the death of private pensions, the devaluation of Social Security benefits and other undeniable retirement factors such as inflation and increased taxes, America is now in a retirement income crisis. Kraig Strom, the host of Personal Pension Radio, is focused on helping you pack your bags for both...

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PPR 260 WYS PORCUPINES & GOLD show art PPR 260 WYS PORCUPINES & GOLD

Kraig Strom, The Income Engineer

Thanks to the death of private pensions, the devaluation of Social Security benefits and other undeniable retirement factors such as inflation and increased taxes, America is now in a retirement income crisis. Kraig Strom, the host of Personal Pension Radio, is focused on helping you pack your bags for both halves of the retirement journey.  Kraig's mission is help you build & protect your wealth and lifestyle today and generationally. Along the way, Kraig is ready to assist with all matters related to your financial wellbeing as well as your business and family legal needs. ...

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PPR 260 DEATH & RETIREMENT show art PPR 260 DEATH & RETIREMENT

Kraig Strom, The Income Engineer

Thanks to the death of private pensions, the devaluation of Social Security benefits and other undeniable retirement factors such as inflation and increased taxes, America is now in a retirement income crisis. Kraig Strom, the host of Personal Pension Radio, is focused on helping you pack your bags for both halves of the retirement journey.  Kraig's mission is help you build & protect your wealth and lifestyle today and generationally. Along the way, Kraig is ready to assist with all matters related to your financial wellbeing as well as your business and family legal needs. ...

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PPR 260 DOW Faucets & Snowmobiles show art PPR 260 DOW Faucets & Snowmobiles

Kraig Strom, The Income Engineer

The quest for lifestyle deflation continues - Check out my Deal O The Week Double Header. Thanks to the death of private pensions, the devaluation of Social Security benefits and other undeniable retirement factors such as inflation and increased taxes, America is now in a retirement income crisis. Kraig Strom, the host of Personal Pension Radio, is focused on helping you pack your bags for both halves of the retirement journey.  Kraig's mission is help you build & protect your wealth and lifestyle today and generationally. Along the way, Kraig is ready to assist with all matters...

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PPR 261 DOW SAVING BIG ON INVESTMENT FEES show art PPR 261 DOW SAVING BIG ON INVESTMENT FEES

Kraig Strom, The Income Engineer

Thanks to the death of private pensions, the devaluation of Social Security benefits and other undeniable retirement factors such as inflation and increased taxes, America is now in a retirement income crisis. Kraig Strom, the host of Personal Pension Radio, is focused on helping you pack your bags for both halves of the retirement journey.  Kraig's mission is help you build & protect your wealth and lifestyle today and generationally. Along the way, Kraig is ready to assist with all matters related to your financial wellbeing as well as your business and family legal needs. ...

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PPR 261 WYS IUL Class Action Lawsuit show art PPR 261 WYS IUL Class Action Lawsuit

Kraig Strom, The Income Engineer

I'm a big beleiver in permanent life insurance and I disagree with financial entertainers who say that all cash value based life insurance is bad in all situations. That's why it pains me when I read stories like the one I share in this episode. Stories where an insurance company clearly overstepped the boundries of what's ethical in my opionion. When a company does things like this, it gives an entire industry a black eye. If you have never heard of Indexed Universal Life, you will want to watch this for sure. If you are being sold or or you already purchased an IUL policy, you will want to...

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PPR 261 BAD PENSION ADVICE FROM DR show art PPR 261 BAD PENSION ADVICE FROM DR

Kraig Strom, The Income Engineer

Thanks to the death of private pensions, the devaluation of Social Security benefits and other undeniable retirement factors such as inflation and increased taxes, America is now in a retirement income crisis. Kraig Strom, the host of Personal Pension Radio, is focused on helping you pack your bags for both halves of the retirement journey.  Kraig's mission is help you build & protect your wealth and lifestyle today and generationally. Along the way, Kraig is ready to assist with all matters related to your financial wellbeing as well as your business and family legal needs. ...

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Thanks to the death of private pensions, the devaluation of Social Security benefits and other undeniable retirement factors such as inflation and increased taxes, America is now in a retirement income crisis. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.  Kraig's mission is help you build & protect your wealth and lifestyle today and generationally.

Optimizing Retirement income does not happen with a product.  Mutual funds, life insurance, real estate, or annuities by themselves will not help you optimize your retirement income. You must have an integrated approach.

DISCLOSURE:  KRAIG IS THE INCOME ENGINEER BUT HE IS NOT AN ATTORNEY OR A CPA. PLEASE DO NOT CONSIDER THINGS ON THIS SHOW AS ADVICE. PLEASE TALK WITH A QUALIFIED CERTIFIED FINANCIAL PLANNER BEFORE MAKING ANY FINANCIAL DECISIONS.

 

Keywords

Financial Dependence, Financial Solvency, Financial Stability, Debt Freedom, Financial Security, Financial Independence, Financial Freedom, Financial Abundance, retirement, pension, income, protect, rescue, help, money, savings, Certified Financial Planner (Job Title), Income Tax, Money, Finance (Industry), wealth, tips, Personal Finance,  financial podcast, infinite banking, Self-Directed IRA, Retirement Planning Tips, Retirement Planning, Individual Retirement Account, Investing 101