Most PG&E employees are only scratching the surface of what their retirement plan can actually do. In this episode, Steve breaks down the three “tiers” of the PG&E retirement system and discusses how more advanced planning strategies can create a very different retirement outcome. Tune in to hear the common mistakes employees make, and why waiting too long to get serious about retirement planning can become incredibly costly later in life.
Here’s some of what we discuss in this episode:
📈 Robo Advisors: Better tools, limited planning
🚀 Full Engine: Customized retirement strategy matters
🏦 Cash Balance Plan: Often misunderstood and overlooked
⚠️ Late Planning: Catch-up gets expensive fast
🧠 Professional Guidance: Retirement gets more complex over time
0:00 – PG&E Employees’ Retirement Plans Overview
2:20 – Tier #1: Default Tier
5:01 – Meet Tony
6:32 – Is There a Tier Zero?
7:29 – Tier #2: Robo Advisor
10:35 – Tier #3: The Full Engine Tier
12:34 – What’s Specific to PG&E Employees
14:29 – Cash Balance Pension Plan
15:42 – Tactical Moves
17:34 – Common Objections
25:25 – Action Steps for PG&E Employees
27:38 – Complimentary Quiz & Toolkit
Take The Quiz: https://powerhousevsl-q3f63yk6.manus.space/
Get your copy of Power Up Your 401K in our toolkit: https://keap.page/ngt919/toolkit.html
Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg
Book your 401(k) Onboarding Meeting with Steve: https://calendly.com/steven-powerhouse-advisor/401-k-retirement-meeting-1-hour-clone?month=2024-12
Other ways to get in touch:
Phone: (775) 266-8867
Our website: https://powerhousefinancialadvisors.com/
LinkedIn: https://www.linkedin.com/company/powerhouse-financial-advisors/
Facebook: https://www.facebook.com/PowerhouseFinancialAdvisors
