Ongoing Planning & Portfolio Management

April 19, 2024

On this week’s episode of “The Patti Brennan Show”, we present a vital episode in its "Ask Patti Brennan" series, focusing on the cornerstone of financial stability: the emergency fund. Host Patti Brennan navigates through practical advice and insights, emphasizing the critical role of emergency funds in weathering life's uncertainties, whether it's a job loss, unexpected expenses, or economic downturns. With a blend of optimism and realism, Brennan delves into the nuances of emergency fund management, from determining the ideal amount based on individual circumstances to strategic allocation options. Through relatable anecdotes and expert guidance, listeners gain a deeper understanding of why an emergency fund isn't just a financial cushion but a strategic necessity for navigating life's twists and turns. Tune in to "The Patti Brennan Show" for actionable advice on securing your financial future with wisdom and care.

April 5, 2024

In today’s episode, Patti welcomes Josh Owen, Regional Vice President at Principal Financial Services into the studio to discuss nonqualified deferred compensation plans.  These are popular benefits that provide key high earning employees with a tax advantaged way to build retirement savings. This is a powerful tool to help CEOs recruit, retain and reward executives. There are many governmental taxation rules that restrict the amount of money these highly compensated employees can contribute to tax deferred plans, like a 401K, so these deferred compensation plans can give serious recruiting and retention advantages to CEOs. Patti and Josh’s review of the advantages and disadvantages of these plans will help any business owner determine if this is a beneficial tool for retaining their top earning employees.

March 22, 2024

In this episode of “The Patti Brennan Show,” Host Patti Brennan addresses the common question of whether to use extra cash to pay off debts, emphasizing the importance of understanding one's goals behind debt repayment. Brennan advises caution when using emergency funds to pay off debts, highlighting the need to maintain financial safety nets. She delves into considerations regarding different types of debts, such as credit cards and mortgages, emphasizing the importance of analyzing tax implications and long-term financial outcomes. Brennan encourages listeners to seek professional advice and emphasizes the significance of making decisions that align with individual financial security and peace of mind. Throughout the show, Patti underscores the importance of realistic financial planning for sustainable long-term outcomes.