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Episode 34 - Discussion with a Client: The Value of a Relationship

Often when choosing a planner, you have to take a leap of faith. Take it from Chris Russell, who was an aspiring business owner when he enlisted Justin Bennett’s help with planning approximately 10 years ago. In this episode, Justin and Chris speak candidly about their advisor-client relationship and how they’ve inspired each other. Here’s what you will learn about in this episode: Tune in now and learn how a long-time client has benefitted from having a paradigm-shifting planner on his...


Episode 33 - Eight Life Lessons from Running a 100-Mile Race

After running 100 miles through the Colorado Rockies, Justin Bennett walked away from the Leadville Trail 100 Run with more than a coveted belt buckle. In this episode, Justin reflects on the race’s literal and figurative twists and turns, and he shares the eight lessons he learned along the way. Here is a preview of Justin’s takeaways: Life is a journey, enjoy the ride.The mind controls the body, the body doesn’t control the mindSuccess and legacy are not about having increases in...


Episode 32 - Why You Should Consider Life Insurance That Doesn’t Go Away

Are you aware of the benefits that permanent life insurance could offer you and your planning? Given the amount of misinformation out there, many people overlook this type of insurance as a suitable option. Today, Justin Bennett takes the opportunity to outline how permanent life insurance can be used as your friend in your planning. He explains how this insurance can fit into a plan and how it can allow retirees to spend more income from their investments during retirement compared to not...


Episode 31 - Mindset Going Into Running 100 Miles

What if you had 30 hours to run 100 miles? If 100 miles isn’t challenging enough, consider this: what if you’re also running at elevations of 9,200 to 12,600 feet? This is exactly what Justin Bennett set out to do. Justin recorded this podcast just days before participating in the legendary Leadville Trail 100 Run, a 100-mile ultramarathon trail run in the Colorado Rockies. In this special episode, Justin speaks about his training routine and how self-discipline took on a whole new...


Episode 30 - How Discipline Can Bring You Freedom

The more discipline you have, the more opportunities you’re bound to create. In today’s episode, Justin Bennett talks about that powerful correlation between discipline and freedom. This is a connection that Justin has experienced in his own life. By practicing discipline, he has learned to stay focused on creating the life he wants to live. Justin also shares the questions that he and his team ask clients. These questions are designed to help clients pinpoint what exactly they want in...


Episode 29 - Is DIY Financial Planning Right for You?

Do-it-yourself (DIY) is a trend that many consumers have adopted in many different areas. The platforms used for this DIY approach consist of (and are not limited to) Pinterest YouTube, Google, etc. After doing some “research”, you can self-categorize yourself as an “expert” in anything. Of course that comes with absolutely no experience and/or root knowledge. So....Is DIY the best approach for your financial planning? In today’s episode, Justin Bennett explains why many people take...


Episode 28 - Why You Should Consider a Reverse Pension Max.

There is a conversation you should have with your financial planner as early as possible—not as close to retirement as possible. This essential conversation is about the reverse pension max. In this episode, Justin Bennett explores different pension options for married couples. But he takes it a step further by discussing overlooked scenarios that could greatly impact payouts down the road. For instance, Justin explains the potential outcomes for couples who choose a joint and survivor...


Episode 27 - Why Do You Care How Much Money I Make?

Do you ever wonder how much money your financial planner earns? If so, you’re not alone. But why do people want to know? In this episode, Justin Bennett touches a topic that most planners won’t go near. He explores why people ask this question and why it seems to be socially acceptable. Justin also presents a new way of defining value in the financial service industry. Of course, Justin also explains how he handles this challenging question. Don’t miss out on this daring...


Episode 26 - Do You Understand Time Value of Money?

Today, Matt Halloran and Justin Bennett discuss an important economic concept called time value of money. Time value of money refers to the highest net rate of return available to an individual, family, or business. Whenever you spend a dollar somewhere, you’ve relinquished not only that dollar, but any interest it would have earned going forward. In other words, time value of money represents an opportunity cost when money is spent today instead of saved for tomorrow. Tune in and learn why...


Episode 25 - What You Need to Know About Monte Carlo Simulations

Can the past predict the future? Matt Halloran and Justin Bennett are exploring this question in their conversation about Monte Carlo simulation. In this episode, Justin explains how this financial forecasting tool fits into a comprehensive planning process. Justin also outlines the limitations of Monte Carlo simulations and shares what he believes might be our best overall predictors of success. Tune in and learn how Justin uses Monte Carlo simulations to help his clients optimize their...


Episode 24 - Have You Considered This Retirement Risk?

Have you ever heard of the longevity risk? Today, Justin Bennett discusses a vital consideration that people tend to overlook as they plan for retirement. With advancements in science and technology, we’re more likely than ever to live longer, healthier lives. This is good news. . . But, is your money going to last? Learn all about longevity risk in this latest episode! 2018-58986 Expiration 4/2020


Episode 23 - How to Prepare Mentally and Emotionally for Your Retirement

Most of us plan on retiring. However, the gravity of our decision may not set in until retirement is only a month away. Then, the idea of making that big announcement to family, friends, and colleagues can feel daunting. Today, Justin Bennett discusses the emotional and psychological experience of preparing for retirement. Get inspired to speak your decision into existence and get excited for this next phase of your life. Listen in and find out how you can strengthen your retirement...


Episode 22 - Brokers Are A Thing Of The Past

While the days of using brokers are long gone, investment management remains an essential component of an overall, macroeconomic plan. Justin Bennett and his team at Bennett Financial work with various investment managers who play an integral role. Utilizing an investment manager creates a less fragmented, broker-like approach because there will be ongoing management in line with a core philosophy. Tune into this episode and find out why Justin believes that investment management done...


Episode 21 - Planning Should Be Understood Over 60 Plus Years

It is common to try and perfect the 20-30 years of wealth building while growing a family and developing in a career. A traditional, successful approach may result in a sizable balance of investable assets. This traditional approach may also produce income during retirement that compromises lifestyle when looking at the income after taxes and after inflation. Thus, it is most optimal to understand how planning works for 60 plus years which consists of the wealth creation phase as well as the...


Episode 20 - Life Insurance Explained Using a Historical View

In order to appreciate and understand which type of life insurance is suitable for you, it is valuable to understand the innovations and changes to the life insurance business over the past 200 years. Learn about the topic of life insurance in a different manner in which it is often discussed and marketing. Feel great about the life insurance decision you make. As a result of becoming educated on the different types of life insurance, you can understand what is most appropriate for you and...


Episode 19 - Us vs Them

What is different about an experience with a large financial institution compared to an experience with Bennett Financial? Justin shares experiences that his clients had when they were trying to receive attention from these large institutions. Find out what caused these clients to enter into a long term, planning relationship with Bennett Financial after they encountered experiences with other firms. This podcast is all about understanding Bennett Financial’s personalized approach to...


Episode 18 - People Want Safety

Our brains are hardwired for safety. Every day we follow routines to keep ourselves and our families safe. We lock our doors, we look both ways before crossing streets, we wear seatbelts. When it comes to protecting your finances, why are people less likely to act safely? In this episode, I discuss the safety paradox and why I think people are willing to put their financial security at risk. Submission #: 2018-54106 Exp: 2/2020 Bennett Financial


Episode 17 - How to Embrace Accountability

When it comes to your finances, do you embrace accountability? What does it mean to take an accountable approach to your planning? With accountability comes discipline-- and when you combine them together, you are on your way to Your Optimal Personal Economy. Learn more about how to embrace accountability to meet your short-term and long term goals in this podcast:


Episode 16 - Everything is Different Now

In this episode Justin shares how the financial planning approach has changed over the years. The approaches that were taken for the previous generation no longer work the same as they do for those who are now planning and approaching retirement years. We are in a totally different time now and the planning approach, mindset and expectations are dramatically different than those of the previous generation. Learn more about the new paradigm of Lifetime Financial Discipline in this podcast...


Episode 15 - Do You Prefer the Same or Less

What if you were no longer generating an income due to a temporary, unplanned life event? How much money do you have to temporarily support your lifestyle and expenses? In this episode, Justin discusses whether or not it’s beneficial to use your bank account balance or retirement account balance to provide income during that temporary, unplanned life event. Learn more in this podcast with Justin Bennett. 2018-52682 Expiration 1/20