Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life.

#78. It's not just for executives anymore. Uncover how you too can shelter over $100k a year. The Mind Money Spectrum Podcast

With modern administration measures, pension plans can be an executive's dream come true.In this episode, Aaron and Trishul discuss the other type of retirement plans, defined benefit plans AKA pensions. They start with the history of pensions and the emergence of ERISA. By calculating the benefit based on age and income, employers can fund significantly more on a pre-tax basis than defined contribution plans such as 401k's. They discuss the cons during the accumulation phase and the pros during the distribution phase. By understanding the math, both employees and employers can make better decisions related to pensions.Episode ReferencesHistory of the PensionWhat is an ERISA Bond?IRS: Defined Benefit PlanInvestopedia: Defined Benefit PlanUnfunded Pension PlanQualified vs Non-Qualified Benefit PlansPodcast DescriptionWelcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.
  1. #78. It's not just for executives anymore. Uncover how you too can shelter over $100k a year.
  2. #77. What's the real limit on 401k contributions? It's much higher than you think.
  3. #76. Not all financial advice is created equal. Here's why.
  4. #75. How credible are the purported benefits of financial advice?
  5. #74. This hidden benefit of financial independence changes everything.
  6. #73. Is direct indexing the future of investing?
  7. #72. How many people actually beat the market?
  8. #71. Three ways to hack your refinance.
  9. #70. Which state pays the highest taxes? These latest numbers will shock you.
  10. #69. Uncover the unknown unknowns of cost basis to unlock real savings.

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