07/08/2023
In the last few months, several people have asked me for an introduction to a reasonably priced paint shop. Please message me if you would like an introduction to Jose in riverside. He's a good guy and does solid work.
Kraig Strom
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- Kraig Strom
Husband | Father | Certified Financial Planner | Paralegal | Vistage Speaker | Car Guy | Woodworker Are you similar to many people I help?
Certified Financial Planner | Paralegal | Vistage Speaker | Podcast Host | Car Nut | Woodworker
⚡Planning With A Purpose⚡
I am an expert advanced planner and paralegal and a top speaker to incredible groups such as Vistage and the CEO Forum. I have helped numerous entrepreneurs, business owners and families across the country to get organized, updated and protected with their estate, business,
asset protection & financial planning. My podcast Personal Pension Radio reaches a vast audience of entrepreneurs and executives & delivers valuable content focused on “right now” 360 degree planning with a purpose. My mission is to help successful entrepreneurs, doctors, and highly motivated professionals break away from the incomplete financial planning path offered by most Wall Street trained advisors. You either don’t have proper business, estate, asset protection or financial planning in place or your planning is outdated. Or you don’t have a single trusted resource to help you connect everything?
⚡Want to chat with me about our free planning assessment?⚡
➡️Book a call now to learn more: http://bit.ly/bookwithkraig
➡️Send me an email: [email protected] or InMail! What are you working on? I am working with people just like you around the country. Asset Protection | ERISA | 401k | Defined Benefit | Cash Balance | Non-Qualified | Insurance Benefits | Annuity | Life Insurance | Long Term Care | Disability Insurance | Investment Portfolio Review | Captive Insurance
Mr. Strom is a registered representative with and securities offered through Crown Capital Securities, L.P. (CCS) Member FINRA/SIPC. Investment advice offered through Secura Financial Planning & Wealth Management, LLC, a registered investment advisor and separate entity from CCS. Secura Financial Planning & Wealth Management LLC. 333 City Blvd. West #2050 Orange CA 92868 | 714-704-6616
For additional information, please refer to one of the following consumer websites: www.FINRA.org, www.SIPC.org.
06/10/2023
The Tesla forward-facing child seat concept never took off.
05/02/2023
There is this certain guy who comes to my car show all the time. Last year, he stopped me and asked if my law firm offered LIVING TRUSTS. I said YES. He promised me that he was going to stop procrastinating and call me. NOPE. Still not done.
The tough part about convincing people to do their estate planning is that it is not mandatory. You only need to do it if you love your family and hate the idea of leaving them with a probate nightmare. No pressure :)
04/12/2023
The Gospel Of Dave
I've been on a sort of a podcast hiatus for a while and it's time to get back on the publishing bike. What better way to start than with a rant about how wrong Dave Ramsey is :)
https://youtu.be/loIboLgjE2E
Dave Ramsey, a self-taught and self-proclaimed financial expert, has seen a significant rise in popularity in recent years as a financial guru. He is best kn...
03/21/2023
iMedia l Short Film ' The Wait '
Now that I'm crying!
https://youtu.be/EuRHHmXbzYs
For More Video alerts, Please Subscribe and Press the bell icon.
03/06/2023
Would you give that guy an immediate power of attorney?
A power of attorney (POA) is a legal document that allows one person (the "principal") to give another person (the "agent" or "attorney-in-fact") the authority to act on their behalf in certain matters. There are two main types of POA: immediate and springing.
An immediate power of attorney takes effect as soon as the document is signed and notarized. This means that the agent can begin to act on behalf of the principal immediately.
A springing power of attorney, on the other hand, only takes effect under certain circumstances specified in the document, such as when the principal becomes incapacitated or unable to make decisions for themselves.
Here are some examples of situations where an immediate versus a springing power of attorney may be appropriate:
• Immediate: A principal may want to grant an immediate power of attorney to their agent if they will be out of the country for an extended period and need someone to manage their financial affairs while they are gone.
• Springing: A principal may want to grant a springing power of attorney to their spouse or adult child in case they become incapacitated due to illness or injury and are unable to manage their financial affairs or make healthcare decisions.
• Immediate: An elderly parent may grant an immediate power of attorney to their adult child if they need help with day-to-day financial tasks, such as paying bills, managing investments, or accessing bank accounts.
• Springing: A principal may grant a springing power of attorney to their attorney or trusted friend if they are planning to undergo a major medical procedure that may leave them temporarily incapacitated.
It is important to note that the specific terms and conditions of a power of attorney can vary depending on the jurisdiction and the individual circumstances of the principal and agent. Consulting with an attorney or legal professional can help ensure that the POA document is tailored to meet the needs of the principal and agent.
Feel free to email, call or text me any time if you have questions.
03/06/2023
Autotrader
Depreciation is awesome!
A 2016 Used 2016 BMW 528i in great condition for less than $15k!
https://www.autotrader.com/marketplace/buy/bmw/5-series/2016/WBA5A5C54GG346994?listingId=672474184
03/03/2023
The weather is looking fine for Saturday morning!
CAR SHOW!
02/16/2023
Life Insurance Procrastination
Way too many people procrastinate this important conversation. Does that make you a bad parent? My answer might surprise you. Take a listen and let me know what you think.
https://youtu.be/m8gRSR32BMg
The financial stress of losing a loved one can also have a significant psychological impact on children. Several studies have shown that children who grow up...
02/06/2023
Life Insurance Procrastination
If this one terrible thing happened, would that mean you were a bad parent?
Probably 🙁
https://youtu.be/m8gRSR32BMg
The financial stress of losing a loved one can also have a significant psychological impact on children. Several studies have shown that children who grow up...
02/01/2023
Losing a loved one is a difficult experience that no one should have to endure. When that loved one is a parent, the loss is even more profound, especially when there is no plan in place to manage the distribution of their assets. In California, if a parent passes away without a living trust, their assets will likely go through the probate court system. This process can be lengthy, costly, and emotionally and psychologically taxing for the surviving family members.
The probate court system in California can take nearly two years to complete, depending on the complexity of the estate. During this time, the assets of the deceased are frozen, meaning that the family cannot access any of the money or property that they need to continue their lives. Additionally, the process can be very expensive, with court fees, lawyer fees, and other costs that can easily add up to tens of thousands of dollars.
The probate court system also requires a great deal of effort and coordination from the surviving family members. They must work with lawyers to navigate the legal system, submit paperwork, and attend court appearances. This process can be overwhelming and emotionally draining, especially for those who are grieving the loss of a parent.
In addition to the financial and emotional toll of the probate court system, there is also a psychological toll. The surviving family members are forced to deal with the legal system and with lawyers at a time when they are already grieving the loss of their loved one. This can lead to feelings of frustration, anger, and sadness, making an already difficult time even harder.
In conclusion, the probate court system can have significant consequences for families who have lost a parent without a living trust. The process is long, expensive, and emotionally and psychologically taxing. It is important for families to consider setting up a living trust or other estate planning tools to avoid the probate court system and ensure that their assets are managed according to their wishes. By doing so, they can spare their loved ones the added stress and emotional toll of the probate process.
Our team at Barth Calderon can help. Let’s talk soon!
01/12/2023
Kraig Strom - The Income Engineer - YouTube
Hello FB FRIENDS!
Did you know that I have a YouTube Channel? Now you do and I need your help. If you feel so inclined and woudl like me to owe you a favor :) - Please SUBSCRIBE to my YouTube Channel. I'm on a quest to hit 1000 SUBS this year!
https://www.youtube.com//featured
America is now in a retirement income crisis. Kraig Strom, the host of Personal Pension Radio, is focused on helping you pack your bags for both halves of th...
01/05/2023
Hi there, and welcome to my channel and this video on final expense burial plans.
If you're watching this, you're probably looking for information on how to plan for your own final expenses, or perhaps you're helping a loved one make these important decisions.
Before we dive into the different options for paying for final expenses, it's important to understand that the cost of burial and cremation in the United States has been steadily increasing over the years. According to the National Funeral Directors Association, the median cost of a funeral with viewing and burial in 2020 was $9,000, while the median cost of a cremation with a memorial service was $6,000. And those costs are only expected to rise in the future.
So, how can you pay for these expenses and make sure your loved ones aren't left with a financial burden after you're gone? One option is to set aside cash in the bank or investments specifically for this purpose. However, it's important to keep in mind that these funds may not be easily accessible to your loved ones at the time of your death, and they may also be subject to taxes or other liabilities.
Another option is to purchase a final expense burial plan from a funeral home. These plans typically include a variety of services, such as transportation, embalming, and a casket or cremation urn.
However, there are some drawbacks to these funeral home plans. For one, they can be expensive and may not provide as much coverage as you need. In addition, they may not be transferrable if you move to a different location.
That's where life insurance based solutions come in. By purchasing a life insurance policy specifically designated for final expenses, you can ensure that your loved ones have the funds they need to cover your burial or cremation costs, as well as any other debts or expenses you may leave behind.
Life insurance policies come in a variety of types and can be customized to fit your specific needs and budget. Plus, they are portable, so you can take them with you if you move.
In conclusion, while setting aside cash or purchasing a funeral home plan can be options for paying for final expenses, life insurance-based solutions offer more flexibility and potentially more comprehensive coverage. It's worth considering all your options and talking to a financial advisor before making a decision.
Thank you for watching. We hope this video has been helpful in your search for the best final expense burial plan for you and your loved ones.
12/22/2022
A client recently asked me about final expense planning. That's a very serious topic but I've always felt that a little humor and a good story have been my best teaching tools. Here goes:
Imagine you're a ghost, floating around and checking out what's happening on Earth. You overhear your loved ones talking about your funeral and how they're going to pay for it. "Oh no," you think to yourself, "I don't want my family to have to deal with that financial burden on top of everything else." That's where final expense whole life insurance comes in!
It's like a little insurance policy for your ghost self, covering the costs of your funeral and other end-of-life expenses so that your loved ones don't have to worry about it. It's like a little "IOU" from you to your family, saying "Hey, I've got this covered for you. Just focus on grieving and remembering me, and leave the financial stuff to me."
Of course, final expense whole life insurance is also for the living. It's a way to make sure that your loved ones are taken care of when you're no longer around to do it yourself. It's a small, affordable policy that can provide peace of mind and financial security for your loved ones during a difficult time.
So, to sum up: final expense whole life insurance is like a little "ghostly insurance policy" that helps cover the costs of your funeral and other end-of-life expenses, so that your loved ones don't have to worry about it. It's a way to take care of your family, even after you're gone.
12/21/2022
A friend recently asked me why we work show hard in our car club. Good Question. I replied that I do it for the good work and for the network of great people we meet. If not for my , I may not have met these guys :)
Porsche Driver
Kevin Button
We are very appreciative to the Riverside Porsche Club for their donation of $5000 to our Unit. We had a great time working their Autocross events!! Riverside PCA
12/05/2022
In 2015, I had a crazy idea to start a cars show. With the help of my friends at the Corona Chamber of Commerce, the Corona Rotary Club, City of Corona Police Department, IHOP Corona and Premier Armor - Cars & Coffee Corona was born. Since then, Cars & Coffee Corona has become the premier weekly automotive social gathering in the Inland Empire. Crazy like a FOX! :)
11/24/2022
Happy Thanksgiving Everyone!
Yup - Gary Larson helped to shape my unique perspective on things!
11/22/2022
Where is your favorite "Happy Place"? Mine is just down there at the end of North Pond in Mercer Maine!
See you again soon.
11/16/2022
My name is Kraig Strom. I was born in Portland and now I'm making my way back to the woods. I help people
with final expense life insurance and living trusts. I
post regular updates with new content.
A simple thumbs up on a post or even better - a like on
my page would be greatly appreciated. Thank you and
have a fantastic day
10/24/2022
Covid-19 Power of Attorney Fail - Come on MAN!
Covid-19 Power of Attorney Fail - Come on MAN!
09/16/2022
Driving Risk to Cars & Coffee
One of the most expensive cars I ever had the pleasure to see up close was an original 1967 Shelby 427 Cobra. I'll admit that when the owner drove in, I did not know what I was looking at. My friends all stopped and stared at the car rolling through the parking lot. They informed me that the car was an original Cobra and worth nearly $1,000,000. Wow! The owner backed his Cobra in next to an old Chrysler and hopped out. He walked directly over to admire a 1956 Ford F-100 parked nearby. My kinda car guy! I met the owner and introduced myself as the car show organizer and asked him about the car. He gave me the full story which will remain private as a courtesy to the famous owner. I did ask him if he held the car in a special LLC or company to protect it. He said nope - its in my living trust though. WHAT!
08/30/2022
Major LLC Protection Gap
You might think that complete asset protection begins with and ends with an LLC or an S-Corp but you might be wrong... Lose your assets wrong!
08/23/2022
It Happened AGAIN - The Perfect Storm
It's been a while since I posted something like this so bare with me. Someone (lets call them Pat) approached me at Cars & Coffee Corona recently. They asked if they could talk to me about a recent situation they were dealing with. Of course, I said yes and that we should connect for a call during business hours so I ca give them my undivided attention. We set a time for a call on Monday.
WOW - this was not a simple call and I had to deliver some tough news!
08/22/2022
Don't get caught NOT having a living trust in place or updated.
Everyone has some sort of an estate to handle and YOU have a choice.
Either you step in and take control of your planning OR you let the courts get involved in your personal affairs.
YUCK!!! Keep the courts out.
In this episode of Wealth Protector TV, top attorney Noelle Bryce reveals exactly what you need to take charge of when it comes to your estate plan.
Can't wait to see you there.
Get Your Free Asset Protection & Estate Planning Assessment
Text GUARDASSETS to 650-459-2712 to book your in-take call
07/28/2022
There are over 40 million lawsuits filed in the U.S. each year.
Nobody ever thinks they are going to be hit by an unforeseen liability. Then life happens and the damage both financially and emotionally is the result.
Join me as I sit down with top asset protection attorney David Calderon for a revealing look inside the world of unforeseen liabilities.
You'll discover the tools and strategies to guard your assets.
Paul
07/21/2022
Get Your Tax Refund This Way...
The government is sending out cold hard cash to business owners who qualify for the Employee Retention program?
The program has been expanded and it's a huge deal. Join me as I host CPA Brian Hill who will reveal how to qualify and how to get your money.
Paul
Get Your Free Asset Protection & Estate Planning Assessment
Text GUARDASSETS to 650-459-2712 to book your in-take call
07/14/2022
How do you get a bunch of FREE time with lawyers at an amazing law firm? SIGN UP FOR OUR BLOG and find out.
06/16/2022
Keeping Wealth in the Family with Lifetime Trusts
Attorney Brent Honea joins to discuss how to properly transfer wealth to your kids and grandkids while protecting them from Divorce Loss and Lawsuit Loss
Get Your Free Asset Protection & Estate Planning Assessment
Text GUARDASSETS to 650-459-2712 to book your in-take call
06/02/2022
Five Estate Planning Tools Everyone Needs
Many people procrastinate things like estate planning until something happens to remind them of how important it is. When yet another young hip-hop artist, DMX, died in 2021, the artist left no estate plan. He did not have a will or a living trust in place. How is it possible for someone who made millions have not plan? Like the artist formerly known as Prince, DMX's heirs will have to suffer through a long and expensive probate process.
Comprehensive estate planning is not only about when you die, it is also about what happens during your lifetime. It is about taking control over what happens. You also have the opportunity to choose who can make decisions, who inherits your assets and who can oversee your estate.
There are five tools necessary to create a comprehensive estate plan.
Got questions about maximizing your retirement income, asset protection, life insurance, or estate planning?
Send me an email to [email protected]. I am always willing to see if i can Help!
05/26/2022
Crypto Asset Protection Strategy Session
The Crypto legal environment is evolving almost on a daily basis. The Federal Government is working right now on ways to regulate Crypto.
Join us on the next episode of Wealth Protector TV as top asset protection attorney James Nguyen pulls the curtain on the legal landscape for Crypto and how to guard your Crypto assets.
Get Your Free Asset Protection & Estate Planning Assessment
Text GUARDASSETS to 650-459-2712 to book your in-take call
05/12/2022
Guard Against Liability At Your Rental Property
Discover how to guard yourself from liabilities coming from your rental property.
Top attorneys David Calderon and Steve Williams will break it down: managing tenants to avoid liability, proper legal structure for your property, inside vs outside liability - and so much more.
Join us on this exciting next episode of Wealth Protector TV.
Get Your Free Asset Protection & Estate Planning Assessment
Text GUARDASSETS to 650-459-2712 to book your in-take call
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Videos
Driving Risk to Cars & Coffee
One of the most expensive cars I ever had the pleasure to see up close was an original 1967 Shelby 427 Cobra. I'll admit that when the owner drove in, I did not know what I was looking at. My friends all stopped and stared at the car rolling through the parking lot. They informed me that the car was an original Cobra and worth nearly $1,000,000. Wow! The owner backed his Cobra in next to an old Chrysler and hopped out. He walked directly over to admire a 1956 Ford F-100 parked nearby. My kinda car guy! I met the owner and introduced myself as the car show organizer and asked him about the car. He gave me the full story which will remain private as a courtesy to the famous owner. I did ask him if he held the car in a special LLC or company to protect it. He said nope - its in my living trust though. WHAT!
Major LLC Protection Gap
You might think that complete asset protection begins with and ends with an LLC or an S-Corp but you might be wrong... Lose your assets wrong!
It Happened AGAIN - The Perfect Storm
It's been a while since I posted something like this so bare with me. Someone (lets call them Pat) approached me at Cars & Coffee Corona recently. They asked if they could talk to me about a recent situation they were dealing with. Of course, I said yes and that we should connect for a call during business hours so I ca give them my undivided attention. We set a time for a call on Monday. WOW - this was not a simple call and I had to deliver some tough news!
Get Your Tax Refund This Way...
The government is sending out cold hard cash to business owners who qualify for the Employee Retention program? The program has been expanded and it's a huge deal. Join me as I host CPA Brian Hill who will reveal how to qualify and how to get your money. Paul Get Your Free Asset Protection & Estate Planning Assessment Text GUARDASSETS to 650-459-2712 to book your in-take call
Keeping Wealth in the Family with Lifetime Trusts
Attorney Brent Honea joins to discuss how to properly transfer wealth to your kids and grandkids while protecting them from Divorce Loss and Lawsuit Loss Get Your Free Asset Protection & Estate Planning Assessment Text GUARDASSETS to 650-459-2712 to book your in-take call
Five Estate Planning Tools Everyone Needs
Many people procrastinate things like estate planning until something happens to remind them of how important it is. When yet another young hip-hop artist, DMX, died in 2021, the artist left no estate plan. He did not have a will or a living trust in place. How is it possible for someone who made millions have not plan? Like the artist formerly known as Prince, DMX's heirs will have to suffer through a long and expensive probate process. Comprehensive estate planning is not only about when you die, it is also about what happens during your lifetime. It is about taking control over what happens. You also have the opportunity to choose who can make decisions, who inherits your assets and who can oversee your estate. There are five tools necessary to create a comprehensive estate plan. Got questions about maximizing your retirement income, asset protection, life insurance, or estate planning? Send me an email to [email protected]. I am always willing to see if i can Help! #estateplanning #assetprotection
Crypto Asset Protection Strategy Session
The Crypto legal environment is evolving almost on a daily basis. The Federal Government is working right now on ways to regulate Crypto. Join us on the next episode of Wealth Protector TV as top asset protection attorney James Nguyen pulls the curtain on the legal landscape for Crypto and how to guard your Crypto assets. Get Your Free Asset Protection & Estate Planning Assessment Text GUARDASSETS to 650-459-2712 to book your in-take call
Guard Against Liability At Your Rental Property
Discover how to guard yourself from liabilities coming from your rental property. Top attorneys David Calderon and Steve Williams will break it down: managing tenants to avoid liability, proper legal structure for your property, inside vs outside liability - and so much more. Join us on this exciting next episode of Wealth Protector TV. Get Your Free Asset Protection & Estate Planning Assessment Text GUARDASSETS to 650-459-2712 to book your in-take call
Exit Success - How To Leave Your Business
Most businesses go out of business after the founder exits. Why? Because of poor planning and not paying attention to critically important tools and strategies that ensure the life of the business. Join us on this next episode of Wealth Protector TV as top attorney Harry Barth reveals his #1 tips, tools and strategies for a successful exit from your business. Get Your Free Asset Protection & Estate Planning Assessment Text GUARDASSETS to 650-459-2712 to book your in-take call
Top 6 Mistakes People Make Setting Up An LLC
You set up an LLC to guard yourself from liability. But if you don't do it right then you risk massive exposure to your business and personal assets. Your LLC has to work when needed. A few of the critical decisions you need to make are: Choosing the proper jurisdiction How to handle the operating agreement Single member vs multi-member Join us on this episode of Wealth Protector TV as top asset protection attorney Harry Barth reveals the top 6 mistakes to avoid when setting up your LLC. p.s. Get connected to our complimentary planning assessment by texting GUARDASSETS to 650-459-2712
How to sell your property with no tax
Join us on the next episode of Wealth Protector TV as we reveal how to use a Charitable Remainder Trust to sell your property with zero tax. Get your complimentary planning assessment Text GUARDASSETS to 650-459-2712 to book your call now.
Tips For Keeping LLC's, Corporations & Partnerships In Good Standing
Once you set up your legal entity, now it's time to maintain it properly. There are filing requirements, fees and important correspondence from the Secretary Of State. If your entity is not in good standing, you run the risk of penalties and forced closure. Worst case scenario is a liability comes your way and your entity is pierced due to poor maintenance. Join us on the next episode of Wealth Protector TV as top asset protection attorney Brad Barth reveals the What, Why and How of entity maintenance.
Guard Your Property From Liability
If you own investment property, this live stream event is for you. Two top attorneys will reveal how landlords can protect themselves from unforeseen liabilities that can attack their personal assets. There are over 30 million lawsuits filed in the U.S. each year and many of those are directed at landlords. Landlord attorney Steve Williams and asset protection attorney Brad Barth will give you their best tips and strategies for avoiding calamity. Get Your Free Asset Protection & Estate Planning Assessment Text GUARDASSETS to 650-459-2712 to book your in-take call
Asset Protection & Estate Planning Tips and Strategies
Asset protection and estate planning need to be integrated. They are two separate disciplines, but work together. Join us on this episode of Wealth Protector TV as top attorneys Harry Barth and Dave Singh reveal their best tips and strategies for proper estate and asset protection planning. Get Your Free Asset Protection & Estate Planning Assessment Text GUARDASSETS to 650-459-2712 to book your in-take call
Your CPA is WRONG
Over the last few weeks, I have had a few "BANG MY HEAD ON THE DESK" moments with clients and prospective clients. In the spirit of clearing my head, I'm gonna share them with you, gentle listener! I hope you would never take cancer advice from a your accountant, tax advice from your mechanic. Talk to a legitimate expert in the field you need assistance with. Why would you consider taking what could be the most important financial advice you ever get from someone who does not specialize in retirement income planning? Remember that everyone has a bias. Be a good student and talk to the expert for sure. However, you may want to avoid talking to the "hear say" educated pundit who may also be your CPA or your Attorney. Got questions about maximizing your retirement income, saving for retirement, life insurance, or estate planning? Send me an email to [email protected]. I am always willing to see if i can Help!
Estate Planning Not Just For The Rich
Many Americans make the mistake of having NO estate planning, thinking it's only for the rich. In reality, almost all of us have some sort of an estate to handle. Join us on this episode of Wealth Protector TV as we break down the essential estate planning tools that all of us need to have in place. Paul Get Your Free Asset Protection & Estate Planning Assessment Text GUARDASSETS to 650-459-2712 to book your in-take call
3 Legal Documents Every Teenager Needs
Most parents don't consider the fact that their teenage kids need important planning documents in place. Especially if they are going off to college. Join me on this episode of Wealth Protector TV as we break down the three documents and why you need them ASAP. Paul Get Your Free Asset Protection & Estate Planning Assessment Text GUARDASSETS to 650-459-2712 to book your in-take call
Understanding The Estate Administration Process
Very few people know how to manage and take care of an estate when someone passes. The probate and estate administration process can be overwhelming, but it's critically important to understand it. Join us on Wealth Protector TV as we pull the curtain on this very important process. GET ACCESS TO OUR COMPLIMENTARY PLANNING ASSESSMENT: Text GUARDASSETS to 650-459-2712 to book your call. #wealthprotectortv
Understanding The Estate Administration Process
Very few people know how to manage and take care of an estate when someone passes. The probate and estate administration process can be overwhelming, but it's critically important to understand it. Join us on Wealth Protector TV as we pull the curtain on this very important process. GET ACCESS TO OUR COMPLIMENTARY PLANNING ASSESSMENT: Text GUARDASSETS to 650-459-2712 to book your call. #wealthprotectortv
Trusts For Asset Protection & Tax Mitigation
The estate & asset protection planning landscape is changing dramatically. There are new laws and new forms of liability that could impact your planning. Business owners and families all across the country are being proactive as they seek to get in front of the big changes. In an effort to ensure you have all the knowledge to make informed decisions, we continue to highlight important topics through our Wealth Protector TV channel. Join us on the next episode of Wealth Protector TV as I sit down with BarthCalderon paralegal Kraig Strom for an overview of the different types of trusts used within the context of comprehensive planning. From charitable trusts to irrevocable life insurance trusts, Kraig will break it down. Don't miss this eye-opening episode, you will walk away with tools you can use right now to stay updated, organized and protected. Get access to our complimentary planning assessment ☎️ Text GUARDASSETS to 650-459-2712 to book your call
Trusts For Asset Protection & Tax Mitigation
The estate & asset protection planning landscape is changing dramatically. There are new laws and new forms of liability that could impact your planning. Business owners and families all across the country are being proactive as they seek to get in front of the big changes. In an effort to ensure you have all the knowledge to make informed decisions, we continue to highlight important topics through our Wealth Protector TV channel. Join us on the next episode of Wealth Protector TV as I sit down with BarthCalderon paralegal Kraig Strom for an overview of the different types of trusts used within the context of comprehensive planning. From charitable trusts to irrevocable life insurance trusts, Kraig will break it down. Don't miss this eye-opening episode, you will walk away with tools you can use right now to stay updated, organized and protected. Get access to our complimentary planning assessment ☎️ Text GUARDASSETS to 650-459-2712 to book your call
Is Buying a Plan Good for Business
During my 26 year career in the financial services world, I have lost track of how many times someone asked me about buying a boat, or a car and the big one - plane. Should I buy a plane for my business? I will save so much money commuting if I fly my own plane to visit clients. Owning a plane for business is tax deductible right? When my daughter was 17, she decided that she wanted to be a pilot. This led me deep into the plane research rabbit hole. Although my daughter ultimately chose a different path, I still came away with a wealth of knowledge on the cost of plane ownership. This is my perspective as a financial planner but don't let that dissuade you. Got questions about maximizing your retirement income, saving for retirement, life insurance, or estate planning? Send me an email to [email protected]. I am always willing to see if i can Help!
Will you be hit by big tax changes
If you have not noticed, we have a new resident at 1600 Pennsylvania Ave in DC and he is burning through executive order ink faster than anyone in history. Politics aside, now is the time to schedule a strategy session with the team at Barth Calderon. All we know for sure is that big changes are coming and the future favors those who are prepared.
Was the Father of the 401k Wrong?
The father of the 4% Rule emerges from his golf course retirement home to say he was wrong. For years, Wall Street has told us that the 4% rule for retirement income planning is gospel. Of course, we know that the 4% rule has not worked out too well in recent years. Now we hear from the creator and he admits his error but it's not what you think.
Bragging About Losing Money
I find it ironic that certain people like to brag about their investment prowess or boast about their success in business while at the same time they make horrible financial decisions with how they spend their money. "Check out my $10,000 watch" "Have you seen my $700 shoes" "This purse cost $1800" "My boat cost $2,800,000"! Congratulations on your ability to lose so much money :( Optimizing retirement income doesn't happen with a product like investments, life insurance, 401k, real estate or annuities. None of these things by themselves will help you maximize retirement income. You must have an integrated approach that balances the economics of retirement accumulation and retirement income. I am pulling back the kimono on old outdated Wall Street advice without losing site of critical planning decisions related to estate and asset protection planning.
Covid-19 Power of Attorney Fail - Come on MAN!
How many times do I need to say this before I stop getting the same terrible phone call? COME ON MAN! In the course of one month, I received 3 terrible phone calls from three different people asking me almost the identical question. "My dad died of covid and my mom is on a ventilator in the hospital with Covid-19 and she does not have a power of attorney. Is there anything I can do?" Powers of Attorney for health care and financial business are your LIVING documents. These are the docs that make sure your personal or business affairs can be managed if you are "offline". Without valid POAs, your family is stuck in a difficult position. #estateplanning #probate #powerofattorney #covid19fail
How does a 25 year old kid fresh out of college afford to buy his first home? No, the answer is not becoming an overnight social media influencer millionaire. Buying a home at twenty five years old starts with hard work, college, and more hard work. More importantly, qualifying for an FHA mortgage with perfect credit means that you can't have boat loads of college student loans to worry about. Check out the full story and share it with someone you care about. #financialfreedom #debtisdumb #firstimehomebuyer #youngsmartmoney
Almost Killed a Doctor
In the course of my work as a Certified Financial Planner and Paralegal, I get to meet people from a variety of professional backgrounds. I am surprised how many people I meet who do not have their personal or business assets properly protected from outside creditor attack. No one wants to think that they may be sued. If they do consider the idea, many people incorrectly think that their car or home or business insurance will protect them. Got questions about maximizing your retirement income, saving for retirement, life insurance, or estate planning? Send me an email to [email protected]. I am always willing to see if i can Help!
When is a boat more than just a hole in the water that you throw money into? When it puts your retirement lifestyle in jeopardy! The Wall Street answer to maximum retirement income is to invest more money. That is usually the answer to everything. Lose your dog - you need to invest more money. Flat tire - you must not have invested enough money. Investments are critically important to your retirement happiness; however, protection is often ignored. Protection should be the first thing we talk about in a retirement planning conversation. It does not mater how good your retirement investments are if a civil liability claim blows up your plans. Dave Ramsey says that the answer to retirement is may off your house early and invest in a diversified basket of investment that will earn you a mythical twelve (12%) return. I agree that maximum income in retirement does require savings and investment. It requires diversified investments and a good plan but what if something unrelated to the stock market threatens to ruin your plans? Will your retirement plan withstand the unexpected? Got questions about maximizing your retirement income, saving for retirement, life insurance, or estate planning? Send me an email to [email protected]. I am always willing to see if i can Help!
The Science of Retirement Income
Before 1975, most Americans had two financial powers working for them as they headed up the financial mountain to retirement. 1. Accumulation 2. Actuarial Power in the form of pensions. Today, less than 10% of workers have a pension to look forward too and most of those are government workers. WHY you ask - because governments can afford the pension because they can tax the Populous to pay for them! Did you catch the part about 1975? That is when the IRA and 401k came entered the scene. That means that the primary retirement vehicle for most people is less than 50 years old!!! So - 50 years ago, people had Two Financial Powers they could rely on for retirement. They would give up some of their potential salary in return for a pension. The pension company would professionally manage the investments and you would get the FIRST FINANCIAL POWER - Interest rate and/or rate of return. At retirement, the pension company would pay the retiree an income based on their actuarial mortality - ACTUARIAL SCIENCE. Pension companies spread out the risk of income payouts over a large POOL of pensioners and paid income based on actuarial based mortality tables, not on investment returns. Today, most people rely on the 401k that they manage themselves They still get the opportunity to have a rate of return BUT when it comes time to take income from your 401k - you are ALONE in the RISK pool. You don't have anyone to share the risk with and therefore you must be very careful with how much you DRAW. This is where the 4% Rule comes from. How can you bring both financial powers back to your retirement plans? What financial institutions specialize in ACTUARIAL SCIENCE? Got questions about maximizing your retirement income, saving for retirement, life insurance, or estate planning? Send me an email to [email protected]. I am always willing to see if I can Help!
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Maximizing Retirement income and protecting assets from creditors, predators, and lawsuits does not happen with a product or discount offer online. You must have an integrated approach.
As a Paralegal and a Certified Financial Planner®, Kraig is uniquely able to assist clients with the careful preparation of retirement income, asset protection and estate plans. Kraig uses a team approach and leverages over 120 years of combined legal and financial services experience.
Thanks to the death of private pensions, the devaluation of Social Security benefits and other undeniable retirement factors such as inflation and increased taxes, America is in a retirement income crisis. Kraig Strom, the host of Personal Pension Radio, is focused on helping you pack your bags for both sides of the retirement journey. Kraig's mission is help you build & protect your wealth and lifestyle today and generationally. Along the way, Kraig is ready to assist with all matters related to your financial wellbeing as well as your business and family legal needs.
Listen and Subscribe to Personal Pension Radio Podcast 😊 https://www.iheart.com/podcast/263-personal-pension-radio-45877139/?cmp=web_share
https://podcasts.apple.com/us/podcast/personal-pension-radio-with-the-income-engineer/id945302436
Husband | Father | Financial Planner | Paralegal | Vistage Speaker | Car Guy | Woodworker
Nearby law practices
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Wilner & O'Reilly - Immigration Lawyers
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Park Avenue, Victorville
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The Accident Injury Law Center
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Other Legal Services in Orange
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Kabayan USA Immigration Consulting Service
N. State College Boulevard -
Stokely Estate Planning Law Firm
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Brad's Bail Bonds Orange County
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E Lincoln Avenue
Comments
Thank you to Porsche Ontario and Porsche Riverside for supporting the PCA Autocross program that made it possible for the Riverside PCA to support the Paul Revere Division NSCC & Training Ship Independence NLCC!
Kraig Strom
Porsche Driver
Kevin Button
Kraig Strom
Porsche Driver
Kevin Button
Before and After - Which wheels do you prefer?
California Highlines
Kraig Strom
Kraig Strom - The Income Engineer
California Highlines
Kraig Strom
Kraig Strom - The Income Engineer
Live with BarthCalderon LLP and Paul Hitchcock !
Kraig Strom - The Income Engineer
Kraig Strom - The Income Engineer
Cars & Coffee tomorrow morning! :)
IHOP Corona
Merit Autospa
Premier Armor
Kraig Strom - The Income Engineer
IHOP Corona
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Kraig Strom - The Income Engineer
See you on Saturday Morning. We will update everyone at the show and start getting ready to head out at 8:40 :)
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Kraig Strom
Kraig Strom - The Income Engineer
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Kraig Strom
Kraig Strom - The Income Engineer
You know who you are ---- Clean your car before Cars & Coffee on Saturday :)
Kraig Strom - The Income Engineer
Kraig Strom - The Income Engineer
Wicked fun day at Cars & Coffee Corona! I love the variety! Please like this post, share this post, and leave a comment 😬.
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Kraig Strom - The Income Engineer
IHOP Corona
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Kraig Strom - The Income Engineer
IHOP Corona
Thank you John Cordenis for the early morning sunrise shots!
Cars & Coffee Corona
IHOP
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Kraig Strom - The Income Engineer
Cars & Coffee Corona
IHOP
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Kraig Strom - The Income Engineer
Don't be shy- who does this all the time?
ME - Kraig Strom - The Income Engineer
ME - Kraig Strom - The Income Engineer
Kraig Strom - The Income Engineer
I'm still getting this call!
I'm still getting this call!
A protection PSA from Kraig Strom - The Income Engineer and BarthCalderon LLP
Which one do you think Kraig is bringing to the car show tomorrow?
PCA RSR Autocross
Riverside PCA
Porsche Ontario
Porsche Riverside
California Highlines
Kraig Strom - The Income Engineer
PCA RSR Autocross
Riverside PCA
Porsche Ontario
Porsche Riverside
California Highlines
Kraig Strom - The Income Engineer
We had another amazing day at Cars & Coffee Corona! I love the variety! Please like this post, share this post, and leave a comment 😬.
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Baker's Dozen Donuts
Kraig Strom - The Income Engineer
Merit Autospa
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Baker's Dozen Donuts
Kraig Strom - The Income Engineer
That's right - my law firm does this too.
Kraig Strom - The Income Engineer
Kraig Strom - The Income Engineer
Cars & Coffee Corona at IHOP on Wardlow by 91 and Surface club. I different mix of rides for sure,... and a special message from the orginizer Mr. Kraig Strom - The Income Engineer;-)
Aslo see it on Customikes YopuTube channel: https://youtu.be/Uj-eD8wVw5w
Live Feed/Video by © www.Customikes.com K. Mikael Wallin 2021
Aslo see it on Customikes YopuTube channel: https://youtu.be/Uj-eD8wVw5w
Live Feed/Video by © www.Customikes.com K. Mikael Wallin 2021
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