Issues With Pensions – Total Financial Solutions Safer Money Hour – July 25, 2017
Issues With Pensions – Total Financial Safer Money Hour – July 25, 2017
Hosts: Arif Halaby & Jeff Girard
Topic: Issues with Pensions
Guest: Edgar Leon of Gracie Barra Jiu Jitzu in Valencia
On this episode of Total Financial Solutions, Hosts Arif Halaby and Jeff Girard discuss issues with pensions and welcome special guest Edgar Leon of Gracie Barra Jiu Jitzu in Valencia.
It is becoming more prevalent that people later in life are starting their own business or feel like they can run a business better on their own, Arif said. In a city like Santa Clarita, businesses are often able to thrive due to the culture of the city.
Arif and Jeff welcome Edgar Leon to the show and discuss his story of choosing Santa Clarita as his location to setup his Jiu jitzu business.
“The biggest part that attracted me to Santa Clarita were the large families,” Leon said. “A lot of families and great community and recreations and the great outdoor living, makes you want to go outside rather than a city such as Los Angeles.”
Arif and Jeff finish the episode discuss pensions.
Issues in CA with taxes:
- Businesses are leaving CA
- Retirees are leaving CA
- Real Estate (commercial and residential) is the only thing that can’t leave
Soft freeze and hard freeze with pension plans:
Soft freeze – no new employees are a part of the pension system
Hard freeze – the pension will freeze and not grow via normal healthy conditions “shut down the whole show” – Jeff Girard
Total Financial Solutions offers assistance with preparing for retirement and financial planning in Santa Clarita and the surrounding valleys. Santa Clarita financial advisor Arif M. Halaby, a Certified Estate Planner, and Total Financial Solutions staff work with people of all ages, helping them protect, grow and preserve their assets through an individualized approach. Arif Halaby is also the host of “Total Financial Solutions Safer Money Hour” on KHTS AM-1220. Launched in 2004, the show offers listeners from Santa Clarita financial planning tips and guidance for dealing with today’s ever-changing financial needs.