Episode 2-The Perfect Plan Podcast w/Matt Schiff-"Save Early"

12/03/2024 30 min Episodio 2
Episode 2-The Perfect Plan Podcast w/Matt Schiff-"Save Early"

Listen "Episode 2-The Perfect Plan Podcast w/Matt Schiff-"Save Early""

Episode Synopsis

Some highlights from Episode 2:"There are a lot of people who probably didn't put money in the stock market but one of the things they learned how to do is to handle their expenses So two things happens Pay yourself first and watch what you're spending And I know it sounds trite but it's not It has very specific consequences when someone doesn't do that And at the end of the day the problem you have is people look in the old days you retired at sixty-five you took a boat to Ireland and you were dead at sixty-eight who cares But right now people living thirty years They're living as long as their working age in retirement."Joe Jordan"I will go as far as If somebody gets a new job I'll look at their benefits for them to try and see what they should be doing We try to educate our own clients on group cases on why it's important to give a match so that people know you care about them It's not just what they're saving but that the employer cares about them So I think that if we would educate the future self would be very thankful."Jayne Schiff"You talk about building the perfect plan lot of it is about building the perfect habits Well that's true One of the things that we've been doing with generational gifting actually so that the grandkids have some money in the future is using Permanent life insurance Grandparents can make a single gift a twenty five thousand dollar gift put it in what they call a premium deposit account And then over the next seven to nine years have it blend in to the product so that they have a life insurance policy that's paid up has protected their insurability in the future with a guaranteed insurability rider with a waiver of premium in case they become disabled while they're working."Matt SchiffLearn More About Schiff Executive Benefits:https://schiffbenefits.com/