Tag: Retirement Income
Turning New Year’s Fitness Goals into Lifelong Habits with Julia Nastasi (Ep. 14)

Turning New Year’s Fitness Goals into Lifelong Habits with Julia Nastasi (Ep. 14)

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Have you ever considered how your passions can transform into a thriving business? Join us to explore the captivating journey of turning dreams into reality.

In this episode of Compass Wealth Conversations, Brendon Murphy speaks with Julia Nastasi, a dynamic digital creator, lawyer, and CEO of Fitting and Fitness. From battling personal challenges to carving out a business in fitness, Julia shares how she transitioned from law to full-time fitness while staying true to her passion. Tune in to uncover how a dose of personal accountability and a sprinkle of innovation can redefine career paths. Julia also dives into her latest ventures, from skincare collaborations to launching a Disney guide service, underscoring her philosophy of integrating personal interests into successful business endeavors.

Brendon and Julia discuss:

  • (01:14) Julia’s journey from attorney to fitness CEO and how her initial skepticism transformed into success
  • (04:06) The importance of tailoring fitness programs to one’s lifestyle and how Julia’s “Fitting In Fitness” adapts to individual needs
  • (08:45) Insight into Julia’s nutrition-focused program, highlighting sustainable fitness and real-world applicability
  • (23:28) The emotional and financial lessons learned from a personal family experience, emphasizing the need for long-term care planning
  • (32:15) Julia’s advice for embracing guidance and how it’s shaped her personal and professional life
  • And more

Connect with Brendon Murphy: 

Connect with Julia Nastasi: 

About our Guest: 

Julia Nastasi is the Founder and CEO of The Fit Fighters, an Online health and fitness coach at Fitting in Fitness, and the Creator and CEO of Fitting in Fitness.

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Pat Lyman on Building a Trusted Financial Legacy (Ep. 10)

Pat Lyman on Building a Trusted Financial Legacy (Ep. 10)

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How do financial experts kickstart their journey and the impact they leave behind?

In this episode, Brendon Murphy sits down with Patrick Lyman, President Emeritus of Compass Financial Solutions, to explore the evolution of financial planning over the past five decades. Pat shares insights from his 50-year career in the financial services industry, from starting with Prudential in 1972 to establishing Compass Financial in 2008, and his commitment to community empowerment. Their conversation dives into the importance of independence in financial advising, the transformation of life insurance products, and strategies for building guaranteed income in retirement.  Tune in to hear personal anecdotes about his beginnings in the insurance world and how he built Compass Financial Solutions.

Brendon and Patrick discuss: 

  • (01:33) How Pat got into the financial services industry
  • (05:03) The need for independence in offering tailored client products
  • (09:40) The evolution of Compass Financial Solutions and the importance of a personalized approach
  • (19:39) Essential advice for young professionals starting their financial planning
  • And more

Resources:

Connect with Brendon Murphy: 

Connect with Pat Lyman: 

About our Guest: 

Patrick, president emeritus of Compass Financial Solutions, has over 50 years of experience in the financial industry, providing a strong foundation for his team’s guidance and service. His dedication is reflected in his certifications and memberships, including the American Society of Financial Services Professionals and the International Association of Registered Financial Consultants. In 2005, Patrick joined the Million Dollar Round Table and, in 2016, achieved Qualifying and Life member status, recognizing his commitment to ethics and excellence.

Patrick is also devoted to his community, leading YMCA workshops and supporting organizations like the Rotary Club of Upper Darby/Lansdowne and the Delaware County Police and Firefighters Organization. A member of the Honorable Order of the Kentucky Colonels, he actively contributes to philanthropic causes.

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Are Annuities Right for Your Financial Plan? (Ep. 8)

Are Annuities Right for Your Financial Plan? (Ep. 8)

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What do modern annuities bring to the table for your retirement plans?

In this episode of The Compass Wealth Conversations Podcast, Brendon Murphy dives deep into the world of annuities, demystifying the often misunderstood financial tool. He explains how when set up correctly, annuities can provide guaranteed income for life, principal protection, and tax-deferred growth. This conversation is perfect for anyone looking to understand how annuities might fit into their retirement strategies and overcome the bad rap they’ve historically received. Discover the ins and outs of different types of annuities, from immediate and fixed index to variable ones, and learn how they can effectively support your retirement income planning.

Brendon discusses: 

  • (01:06) What an annuity is and how it secures your principal and income
  • (02:35) Types of annuities: immediate, multi-year guaranteed, fixed index, and variable
  • (04:46) The historical bad rap of annuities and why it’s outdated
  • (07:17) How annuities complement Social Security and other retirement income
  • (09:21) The considerations for rolling your 401(k) into an annuity
  • (11:59) The right time to consider investing in annuities
  • (13:24) Addressing liquidity concerns for annuity holders
  • And more

Ready to see how annuities can transform your retirement strategy? Tune in as Brendon Murphy guides you through the essentials to make informed decisions. Listen, learn, and share to keep this valuable financial conversation going. 

Connect with Brendon Murphy: 

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How to Build Your Own Pension: A Guide for Modern Retirees (Ep. 5)

How to Build Your Own Pension: A Guide for Modern Retirees (Ep. 5)

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Pensions may seem like a thing of the past, but you can still create your own secure retirement income.

How can you ensure a stable income in retirement without relying on traditional pensions? What strategies can help you build a reliable financial future?

In this episode, Brendon Murphy discusses the decline of traditional pensions and how individuals can build their own retirement income using modern financial tools. He explains the role of fixed index annuities and other strategies to create a personal pension plan.

Brendon discusses: 

  • The Decline of Traditional Pensions: Why company pensions have become rare and the shift to 401(k) and 403(b) plans
  • Building a Personal Pension: How to use fixed index annuities with guaranteed lifetime income to create a stable retirement income
  • Tax Considerations: The tax implications of rolling over 401(k) funds into annuities and the benefits of using Roth accounts
  • Starting Early vs. Late: Strategies for both early and late starters in building a personal pension
  • Real-Life Examples: Stories of clients who successfully transitioned from company pensions to personal retirement plans
  • And more!

Connect with Brendon Murphy: 

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6 Major Risks to Your Retirement and How to Address Them (Ep. 3)

6 Major Risks to Your Retirement and How to Address Them (Ep. 3)

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Retirement planning is crucial, but it comes with its own set of challenges and uncertainties.

How do you ensure your assets last as long as you do? What happens if the market crashes right before you retire?

This week on Compass Wealth Conversations, Brendon Murphy breaks down the top six risks every retiree or pre-retiree needs to consider to ensure a secure and prosperous retirement. 

Brendon provides valuable insights and actionable advice on how to navigate these challenges effectively, drawing on years of experience in helping clients plan for their financial futures.

Brendon discusses: 

  • Longevity: The challenge of outliving your financial assets and the importance of planning for a long retirement
  • Mortality: The impact of a spouse’s death on Social Security benefits and the need for additional income sources
  • Market Volatility: The risks of market downturns and strategies to protect retirement savings
  • Liquidity: The necessity of having accessible funds for emergencies and unexpected expenses
  • Inflation: How rising costs can erode purchasing power and ways to hedge against inflation
  • National Debt: The implications of national debt on taxes and retirement planning
  • And more!

Connect with Brendon Murphy: 

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