Some crucial components of effective retirement planning include saving early and regularly, making good investment choices, and creating a budget for your personal or business expenses. In this week’s episode of Grow Money Business, Grant dives into defined-benefit pension plans. Throughout the episode, we talk about the specifics of a defined-benefit pension plan, how to set one up. different types of tax-advantaged retirement plans, benefits, investment performance, and more.

 

Show Notes

[03.03] Defined-benefit pension plan – Grant starts off the conversation by explaining exactly what a defined-benefit pension plan is.

[08.53] Creating a defined-benefit plan – Grant dives into the process of creating a defined-benefit pension plan and how it benefits single business owners, LLCs, or S corporations.

[14.05] Investment performance – Grant explains the relationship between the success of a pension plan and investment performance.

[22.32] Pension assets – Grant describes what happens when pension assets become volatile and some best practices for avoiding volatility.

[26.52] CalPERS/ CalSTRS – Grant ties in the California Public Employees’ Retirement System and California State Teachers Retirement System.

[31.14] Defined-contribution plan – Wrapping up the conversation, Grant shares the impacts you can have on your defined-distribution plan if you create a defined-benefit plan.

 

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