133 episodes
Kraig Strom, The Income Engineer Kraig Strom
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- Business
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3.9 • 71 Ratings
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Welcome to the Personal Pension Radio Podcast, where it is all about planning correctly today so that you can sit back and reap the retirement lifestyle benefits later!
Discover time tested strategies to help you lower your taxes, cut your expenses, and maximize your lifestyle today without sacrificing your retirement lifestyle or legacy tomorrow. Join us as we help you avoid the junk advice offered by unlicensed financial entertainers and the Wall Street marketing machine. We uncover financial strategies that empower you to break away from the herd. Success does not come from a product or a singular strategy. Savings, investing, tax planning, estate planning, insurance, goal setting, income engineering, and lifestyle design must all be considered from a macro perspective.
Wealth accumulation is an important component of a financial plan; however, the size of your 401k account, stock portfolio or defined benefit plan, the balance of your accounts can overshadow the most important - the income they can provide. As you plan for the sale of your business or retirement, the question you should ask is, "What will my income be and will I be able to preserve my lifestyle?"
You can retire or sell your business with your lifestyle intact. Don't settle for the inaccurate and incomplete advice of Financial Entertainers like Dave Ramsey, Suze Orman, or Jim Cramer. There is a better way!
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Episode #286- College Financial Aid Season
It's that time of year again - college admission season! But with the high cost of tuition, it can be a stressful time for families. In 1990, the average tuition cost for a 4-year public college was around $3,190. Fast forward to today, and that number has risen to over $10,000. That's why it's important to take advantage of all the resources available to you. One key step is completing the free application for student aid (FAFSA) and the CSS profile.
These forms can help determine your expected family contribution and make you eligible for financial aid. Proper financial planning is also crucial in minimizing your expected family contribution. It's important to note that certain assets, like retirement accounts and primary residence, are not reported on the FAFSA. However, assets like cash and savings accounts should be reported accurately. -
Episode 287-Life Insurance Procrastination
The financial stress of losing a loved one can also have a significant psychological impact on children. Several studies have shown that children who grow up in financially difficult times after the loss of a parent may experience psychological and emotional difficulties. One study, published in the Journal of Child Psychology and Psychiatry, found that children who lose a parent to death are at an increased risk for developing mental health disorders, such as depression and post-traumatic stress disorder (PTSD).
These children were also found to be more likely to experience difficulty in forming healthy relationships and achieving academic and career success.
Got questions about maximizing your retirement income, saving for retirement, life insurance, or estate planning? Send me an email to kraig@kraigstrom.com. I am always willing to see if i can Help! -
Episode #288- The Gospel of Dave
Got questions about maximizing your retirement income, saving for retirement, life insurance, or estate planning?
Send me an email to kraig@kraigstrom.com. I am always willing to see if i can Help! -
Spontaneous Asset Protection
Got questions about maximizing your retirement income, saving for retirement, life insurance, or estate planning?
Send me an email to kraig@kraigstrom.com. I am always willing to see if i can Help! -
Doctors are not always smart
Got questions about maximizing your retirement income, saving for retirement, life insurance, or estate planning?
Send me an email to kraig@kraigstrom.com. I am always willing to see if i can Help! -
Buying a Business
Got questions about maximizing your retirement income, saving for retirement, life insurance, or estate planning? Send me an email to kraig@kraigstrom.com. I am always willing to see if i can Help!
Customer Reviews
Interesting and thoughtful!
A deep understanding of the many facets that constructs retirement planning and human nature makes for a great podcast! Definitely add this to your listening schedule.
Great Content
Regardless of different stances and opinions, he gives awesome advice that everyone can learn from!
Great Content!
I feel he is really passionate about helping people make more money while protecting their nest egg. Great interviews. This is needed information at the most important time in history.
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