After regulation hit defined benefit plans in the 1970s and ‘80s, defined contribution plans started to become more popular. It quickly became the “go-to” retirement plan. On this episode of Financial Philosophy, James covers defined contribution plans, including its history and characteristics. He also touches on some of the individual plans within the defined contribution plans.

Financial Philosophy is a show/podcast sponsored by Falcon Wealth Advisors and hosted by James Lewis, CFP® that is dedicated to the whole of financial planning. The goal is to breakdown the complicated financial industry and decisions into easily digestible segments for most anyone understand.

Falcon Wealth Advisors is an independent-minded wealth management practice located in the Kansas City metro.  Our team of 11 professionals specializes in retirement planning for individuals.  We help our clients make important decisions around when to retire, social security, health insurance, tax planning, and many other financial planning topics.

In addition to helping our clients plan for a successful retirement we also implement investments solutions.  We believe that what sets us apart is our philosophy to avoid investment products and instead buy/sell individual stocks, bonds, and options for our clients.  We do this to eliminate the middle man which we believe increases control and transparency, and decreases fees.

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