Building Financial Strength in LEO Families: Pensions, Investing, and Retirement Accounts

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In part 5 of his video series, Nick Daugherty briefly discusses the topic of pensions, investing, and retirement accounts. He discusses some important things to think about when considering investment decisions to supplement you pension.

A key takeaway is that we need to focus on earning interest, rather than paying interest.  In other words…get out of debt, so that you can start growing your retirement savings drastically.

If you would like to discuss your personal situation, please contact the Employee Wellness Unit.  We would love to offer you some resources, help teach you how to set a budget, and develop  a plan for reducing debt.  We all will retire before we know it, and by getting our personal finances in order soon, we can focus on living the retirement dream that we all have earned and deserve.

The Employee Wellness Unit has several copies of Dave Ramsey’s Total Money Makever, which covers many of the issues discussed by Nick Daugherty.  If you’d like to borrow a copy, please contact us.

Check out this quick video of part 5 for more information:

https://www.policeone.com/financial-planning/videos/469738519-Building-financial-strength-in-LEO-families-Pension-investing-and-retirement-accounts/

See the other parts of this series at the below links:

Part 1: Intro and Budgeting

https://kcpdwellness.org/2018/03/07/building-financial-strength-for-leo-families-intro-budgeting/

Part 2: Will and Estate Planning

https://kcpdwellness.org/2018/03/21/building-financial-strength-for-leo-families-will-estate-planning/

Part 3: Debt

https://kcpdwellness.org/2018/04/04/building-financial-strength-in-leo-families-debt/

Part 4: Life Insurance

https://kcpdwellness.org/2018/04/26/building-financial-strength-in-leo-families-life-insurance/

Nick Daugherty is a retired Sergeant from the Grand Prairie, Texas PD and has taught thousands of officers how to build financial strength by living a debt-free lifestyle and building wealth through proper savings and retirement planning. He’s also coached hundreds of families on how to get out of debt and navigate financial crises. He additionally manages retirement assets for numerous first responders, from line police and fire personnel all the way up to numerous police and fire chiefs. Contact Nick Daugherty or follow him on Facebook and Twitter.  www.buildingfinancialstrength.com