Your Optimal Personal Economy PODCAST
Episode 53 - 5 Ways Your Money Behaves in the Distribution Phase

Episode 53 - 5 Ways Your Money Behaves in the Distribution Phase

August 8, 2019

Did you know that your money behaves differently in the distribution phase compared to the accumulation phase?

Get a full understanding of what happens with your money when you’re in the distribution phase, otherwise known as retirement, by tuning in to this episode with Justin Bennett! Justin breaks down the differences between accumulation versus distribution and uncovers the five oft-overlooked categories of how money behaves during the distribution phase.

In this episode, you’ll learn:

- How your financial response to being injured or sick would change in the distribution phase
- Why volatility is not your friend during the distribution phase
- The five big ways money behaves differently during retirement
- How you can benefit from knowing these categories before you reach your distribution phase
- And more!

Tune in now and learn how your money’s behavior will change once you hit your distribution phase!

 

Resources:  Bennett Financial Group - Website | Bennett Financial Group Facebook Page 

 

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Exp 8/2021

Episode 52 - Plan to Soften the Tax Impact Before Selling Your Business

Episode 52 - Plan to Soften the Tax Impact Before Selling Your Business

July 24, 2019

Business owners....don’t wait until after you’ve sold your business to think about softening your tax burden. Get proactive.

Today, Justin Bennett shares his words of advice for business owners who expect to have a large capital gain from the sale of their business. He explains how proactive planning can be done to spread out your tax liability over a long period of time. However, the key is to start planning now — not after you sell your business.

In this episode, you’ll learn:

  • What kind of planning the Internal Revenue Service allows for around tax liabilities
  • Why Justin recommends that business owners take a proactive approach to softening the tax burden
  • What steps the Bennett Financial team takes when the sale is pending
  • And more!

Listen now and consider how you could soften the tax impact on your wealth!

Resources:  Bennett Financial Group - Website | Bennett Financial Group Facebook Page 

 

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Exp 6/2021

Episode 51 - How Your Health and Planning Intersect

Episode 51 - How Your Health and Planning Intersect

July 10, 2019

How do healthy living and optimal planning intersect? You’re about to find out.

In this episode, Justin Bennett explains how fundamental elements of health and comprehensive planning aren’t so different after all. When it comes to both health and planning practices, Justin outlines that people should have discipline, take action, and continue to work on both over their lifetime to achieve optimal results.

In this episode, you’ll learn:

  • Which health principles Justin recommends following
  • What all-encompassing planning actually involves
  • The similarities between healthy living and optimal planning
  • And more!

Tune in now to learn a new way to think about your health and planning.

Resources:  Bennett Financial Group - Website | Bennett Financial Group Facebook Page 

 

2019-81719

Exp 6/2021

Episode 50 - The Two Flavors of Investment Accounts

Episode 50 - The Two Flavors of Investment Accounts

June 26, 2019

Most people save new money into retirement accounts like 401(k)s or IRAs.  But Justin Bennett wants you to know that there are actually two 'flavors' of investment accounts to choose from: retirement accounts and non-retirement accounts.

In this episode, Justin explains how both flavors of investment accounts, along with life insurance, can work very well together to make the most out of your investments.

In this episode, you’ll learn:

  • Advantages that are exclusive to non-retirement investment accounts
  • Examples of beneficial planning that can be done when someone has money in a non-retirement investment account
  • Justin’s recommended order for acquiring protection and investing in the two flavors of investment accounts
  • How a non-retirement account can be used as collateral
  • And more!

Tune in now and learn about the planning opportunities that insurance and the two flavors of investment accounts can bring to the table.

2019-79965

Exp 5/2021

 

Episode 49 - Why Comprehensive Planning Is More Important Than You Think

Episode 49 - Why Comprehensive Planning Is More Important Than You Think

June 12, 2019

Are you working with a team that takes a comprehensive and empathetic approach to planning?

Today, Justin Bennett highlights what exactly the planning process looks like when it encompasses all areas of your personal financial economy. Justin’s focus on enhancing empathy and building meaningful client relationships is sure to change how you feel about the planning process.

In this episode, you’ll learn:

  • How working with a comprehensive planning firm differs from working with a professional who focuses on one particular area
  • Why Justin Bennett chose to build a comprehensive planning practice
  • What it means for the Bennett Financial team to operate with an “all-in” approach
  • Why they call their planning process a lifetime financial discipline
  • And more!

Tune in now to discover why comprehensive planning is more important than you may have thought!

2019-80807

Exp 6/2021

Resources:  Bennett Financial Group - Website | Bennett Financial Group Facebook Page

 

Episode 48 - Illustration Warfare

Episode 48 - Illustration Warfare

May 17, 2019

The marketplace uses permanent life insurance illustrations with various types of life insurance to make them look promising....but are they realistic?

Today, Justin Bennett breaks down how illustration warfare shapes people’s expectations and why illustrations vary from one type of insurance to the next. Justin also discusses what to consider about indexed universal life insurance projections, and how his team helps clients make informed decisions when choosing life insurance products.

In this episode, you’ll learn:

  • How illustrations are used when presenting different life insurance solutions to potential clients
  • What to keep in mind when you see an inflated projection on an illustration
  • Which type of life insurance offers the least amount of risk
  • What to consider about the future of indexed universal life insurance projections
  • What questions the Bennett Financial team asks clients to help them make informed decisions about life insurance
  • And more!

Tune in now to discover a new way of thinking about permanent life insurance illustrations.

2019-80033

Exp 5/2021

Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page

Episode 47 - Is Your Planner Providing You With Good Thinking?

Episode 47 - Is Your Planner Providing You With Good Thinking?

May 1, 2019

Justin Bennett strongly believes in the value of prompting clients to stop and think about things in a way they previously did not.

Without realizing it, you may be conditioned to think about an aspect of your life in a one-dimensional way, when there are actually several dimensions. In today’s episode,

Justin explains how he and his team ask questions that provide good thinking to clients.

In this episode, you’ll learn:

- How Justin Bennett defines “good thinking”
- Why using Google to research your planning options is a losing game
- Examples of how Bennett Financial provides good thinking, which shifts clients away from a conventional mindset
- How to determine if your planner is providing you with good thinking 
- And more!

Tune in now to learn how good thinking can completely change your planning mindset!

2019-78965

Exp 4/2021

Resources: Bennett Financial Group - Website | Bennett Financial Group Facebook Page

Episode 46 - Are You Playing in the Gap?

Episode 46 - Are You Playing in the Gap?

April 10, 2019

High performing professionals often find themselves playing within the gap.

Are you one of them?

In today’s episode, Justin Bennett explains why high performers, like business owners, tend to be in the gap; why it’s actually a positive place to be; and how to navigate this space.

In this episode, you’ll learn:

  • The characteristics of high performers
  • What it means to play in the gap
  • Why being in this mental space keeps high performers accountable
  • How to balance living in the gap with working towards your goals
  • Why a high level of self-awareness is key for navigating the gap
  • And more!

Tune in now to learn how you can make the most of the gap!

Resources:   Bennett Financial Group - Website | Bennett Financial Group Facebook Page

 

2019-76982 
Exp. 3/2021

 

Episode 45 - Relationship and Value - Both Are Necessary

Episode 45 - Relationship and Value - Both Are Necessary

April 8, 2019

Is your relationship with your planner providing you with the value and relationship you deserve?

Today, Justin Bennett shines a light on this question as he uncovers what it looks like to have a meaningful connection and to receive value in the client-planner relationship. Whether you’re already working with a planner or are considering working with one, this episode is a must-listen!

In this episode, you’ll learn:

  • Why relationship and value are the most critical elements in the client-planner relationship
  • Examples of how Bennett Financial deepens its client relationships
  • What a strong relationship with a financial professional looks like
  • The conversation most planners aren’t willing to have
  • And more!

Tune in now and consider whether you’re getting the relationship and value you deserve from your financial planner.

Resources:  Bennett Financial Group - Website | Bennett Financial Group Facebook Page

 

2019-76973 
Exp. 3/2021

Episode 44 - Do You Want Net Worth or Income?

Episode 44 - Do You Want Net Worth or Income?

March 13, 2019

It’s time to break away from the traditional planning perspective and offer a different perspective on how to be financially satisfied and fulfilled from a practical perspective.

In this paradigm-shifting episode, Justin Bennett uncovers a critical piece of the planning process that traditional planning leaves out of conversations — the difference between net worth versus income.

In this episode, you’ll learn:

  • Why your desire for net worth or income will depend on your stage of life
  • Why traditional planning leaves much to be desired
  • What you need in order to have net worth converted effectively into income
  • A new way to think about converting net worth into income
  • Why it’s unrealistic to say, “My net worth is X, so my retirement income will be Y”
  • And more!

Tune in now to learn a new, better way to think about income and net worth!

Resources:

Bennett Financial Group - Website | Bennett Financial Group Facebook Page

2019-75506

Exp 2/2021