In this episode, John Brandy and co-host DT take a deep dive into defined benefit plans—those traditional pensions that promise guaranteed lifetime income.
Key Topics Discussed:
✅ What exactly is a defined benefit plan?
✅ Defined benefit vs. defined contribution—what’s the difference?
✅ How pensions provide guaranteed lifetime income
✅ Why these plans are less common today
✅ Alternative retirement savings options in today’s financial world
✅ Empowering yourself with knowledge to secure financial stability
Key Quotes & Insights:
💡 “Think of a defined benefit plan like an all-you-can-eat buffet—you know what you’re getting, and it keeps coming for life.”
💡 “Unlike 401(k)s, where you’re in charge of making your money last, a pension guarantees you a paycheck for as long as you live.”
💡 “Understanding your retirement options today is key to making smart financial moves for the future.”
Actionable Steps:
1️⃣ Check if you have access to a defined benefit plan through your employer.
2️⃣ Understand how your pension benefits are calculated.
3️⃣ Compare your pension with other retirement savings options.
4️⃣ Plan for supplemental income if your pension won’t cover all your expenses.
5️⃣ Stay informed about financial changes that may impact your retirement.
Amazon Recommendations:
Think and Grow Rich: The Landmark Bestseller Now Revised and Updated for the 21st Century (Think and Grow Rich Series)
Jonathan Livingston Seagull
Dictionary of Finance and Investment Terms (BARRON'S FINANCE AND INVESTMENT HANDBOOK)
Stillness Is The Key
Amazon Basics Neoprene Dumbbell Hand Weights
Our Credits:
These podcasts are productions of Little Red Hen Industries. OUR FIFTH YEAR!!
Learn about financial education & personal finance with John Brandy on Simple Success on Mondays!
Listen to great speeches with John on A Choice Voice, which comes out on Wednesdays!
Learn more about Simple Success with John Brandy using our all-in-one access link here
Visit the Simple Success with John Brandy website today!
Follow Us Here:
https://www.instagram.com/simplesuccesswithjohnbrandy
https://www.pinterest.com/simplesuccesswithjohnbrandy/
https://www.facebook.com/simplesuccess
https://www.reddit.com/r/littleredhen/
All Little Red Hen Productions:
Simple Success Web:
https://www.simplesuccesswithjohnbrandy.com/
A Choice Voice Web:
https://www.achoicevoice.com/
Techno King: 😏John C. Brandy.
Alter Ego: 🙅🏻Doubting Thomas.
Fact-Checker: 🐄 A Small Brown Beef Animal, Really Tiny. Facts Are Important But Are Also Easy.
Junior Script Writer: 🦾Frase.IO
Social Manager: 🎩 Abraham Lincoln.
Media Expert: 👑_Augustus Caesar.
Psychologist: 🤔_William James.
Sound Designer: 💻🔊 Adobe’s Creative Suite.
Language Consultant: 🇫🇷_Lea – The French “Do Your Own Research” Lady.
Videographer: 🐈_Etomon Koshki.
Audio Props: 🎧 Les Paul.
Inspiration: 🎨 Many podcasts and other sources and of course Napoleon Hill.
Subscribe Links:
🍎iOS Simple Success: https://podcasts.apple.com/us/podcast/simple-success-with-john-brandy/id1549566678
🤖Droid Simple Success: https://podcasts.google.com/search/simple%20success%20with%20john%20brandy
🍎iOS A Choice Voice: https://podcasts.apple.com/us/podcast/a-choice-voice-with-john-brandy/id1560026051
🤖Droid A Choice Voice: https://podcasts.google.com/search/a%20choice%20voice%20with%20john%20brandy
🚀AI Voices & Other Stuff @ Amazon Polly, Google, OpenAI, Eleven Labs, Adobe, Frase.IO, ACE Studios, Suno.AI & Udio.Com.
🙋🏻♂️Finally, you can find us on Podmatch, Matchmaker.FM, Podbooker and Podcast Guests, where we consider guests & guesting on other people’s shows.
🎶And really finally, our main background music comes from freesound.org.
