Kim Magdalein w/Magdalein Financial, Interviewed on the Influential Entrepreneurs Podcast: How Social Security Planners of America Helps Advisors Reimagine SS for Clients

Published on December 1, 2023

Kim Magdalein discusses reimagining social security: A new perspective for clients. 

 Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/kim-magdalein-w-magdalein-financial-how-social-security-planners-of-america-helps-advisors-reimagine-social-security-for-their-clients/

Social Security Planners of America is dedicated to assisting advisors in reimagining Social Security for their clients. They provide specific and accurate information about how Social Security benefits are affected by taxes, enabling advisors to make precise calculations and help their clients make informed decisions about their retirement. Additionally, Social Security Planners of America emphasizes the importance of effectively communicating the value of Social Security and its impact on retirement to clients. They highlight that Social Security serves as the foundation of a person’s income, ranging from 20% to 50% or even 100% in some cases. The organization also emphasizes the importance of considering Social Security in conjunction with other retirement supplements, such as IRAs, to create a comprehensive financial plan for clients.

In the episode, Kim emphasizes the crucial role advisors play in effectively communicating the value of Social Security to their clients. He stresses that Social Security should not be viewed as separate from retirement planning but rather as a vital component that should be integrated into the overall retirement strategy.

One of the challenges discussed in the episode is the lack of understanding among clients regarding how taxes affect their Social Security benefits. The guest emphasizes the need for advisors to provide specific and accurate information to help clients make informed decisions about their retirement and Social Security. He suggests that utilizing software can assist in providing precise calculations and guidance.

The episode also highlights the importance of advisors being confident and effective in their communication when discussing Social Security with clients. Kim recommends advisors to be clear and concise, as what may be obvious to them might not be obvious to the client. He also mentions that advisors should handle clients with care and sensitivity while asserting their expertise and bringing up important considerations, even if it may risk hurting the clients’ feelings.

Kim said: “Social Security is the base. It could be anywhere from 20% to 40 or 50% of a person’s income. And in some cases, 100%. Obviously, the 100%ers are not somebody we can help because they don’t have any other supplement to pull from. But with the people with extra money, it has to be distributed properly because there are taxation windows and you can get yourself in a position where you’re overtaxing yourself unnecessarily. That’s an important issue.”

About Kim Magdalein

Kim Magdalein entered the insurance industry in 1985. Opening a private practice in 2001, Kim marketed to retirees by means of seminars. He presented to over 800 audiences in the next seven years, producing $150,000,000 in annuity premiums. Kim left his practice to his two sons in 2008, continuing with a seminar marketing company, that he still owns producing over 17,000 seminars across the nation for financial advisors.

Learn More:  https://www.seminarsforless.com/

Recent interviews:

Discussing How Social Security Planners of America Helps Advisors Get Clients w/ Seminars

https://authoritypresswire.com/kim-magdalein-w-magdalein-financial-interviewed-on-the-influential-entrepreneurs-podcast-how-social-security-planners-of-america-helps-advisors-get-clients-w-seminars/

PDQ Electric Shines in the Vegas Business Spotlight: A Journey of Success and Resilience

Published on November 30, 2023

Vegas Business Spotlight, the leading podcast showcasing the brightest minds and success stories in the Las Vegas business scene, is thrilled to feature Shane Hayes, the visionary founder of PDQ Electric, in its latest episode. With a remarkable journey filled with challenges and triumphs, Hayes offers valuable insights and wisdom gained from his experiences as he navigated the dynamic entrepreneurial landscape of Las Vegas.

In the engaging conversation with host Tim Knifton, Hayes provides an inspiring glimpse into his journey of building PDQ Electric into one of Las Vegas’ leading electrical contracting companies. From humble beginnings as a union employee to the decision to start his own business during the 2009 economic downturn, Hayes’ determination and passion for electrical work have propelled PDQ Electric to great success. With a focus on residential, commercial, and industrial projects, PDQ Electric has gained a reputation for its commitment to service and excellence.

Reflecting on his early days as an entrepreneur, Hayes shares, “I was a union employee, and when the economy tanked, I had a choice – either go to work for myself or become a troll underneath the bridge. Since I like eating, I decided to open PDQ Electric.” This bold move not only helped him secure his livelihood but also allowed him to fully immerse himself in his true passion: electrical work.

Over the years, Hayes has learned valuable lessons about running a business and adapting to the ever-changing landscape of Las Vegas. “Being based in Las Vegas wasn’t a choice; it was a necessity. This city offers diverse opportunities and a constant upward trajectory,” says Hayes. With an influx of people from different parts of the country and the world, PDQ Electric has positioned itself as an ideal electrician for clients from various backgrounds and locations.

As part of PDQ Electric’s commitment to staying ahead of the curve, Hayes has embraced the latest technology trends in the industry. He highlights the importance of LED lighting and its cost-saving benefits for both residential and commercial clients. By staying on top of technological advancements and leveraging grants and programs available, PDQ Electric aims to provide the best solutions to its customers while being environmentally conscious.

While sharing his insights, Hayes emphasizes the significance of networking and building meaningful connections within the Las Vegas business community. “Networking is crucial; you need to understand your customers and how to reach them. If you don’t put yourself out there and showcase your worth, the work won’t come to you,” advises Hayes. By actively participating in organizations like BNI (Business Networking Individuals) and maintaining a strong online presence through platforms such as Google and social media, PDQ Electric has expanded its reach and formed valuable partnerships.

Looking towards the future, Hayes envisions PDQ Electric becoming a top competitor in the industry while maintaining its commitment to providing excellent service and value to its customers. “I want to build customers for life. It’s not about the one big win; it’s about creating long-lasting relationships,” emphasizes Hayes.

As the episode draws to a close, Hayes shares his mantra for success, “Smile and have fun. If you’re not enjoying what you do, it’s time to find something else.” This positive and passionate approach has undoubtedly contributed to the success of PDQ Electric and made Hayes a respected figure within the Las Vegas business community.

To listen to the full episode featuring Shane Hayes, visit VegasBusinessSpotlight.com

https://pdqelectricnv.com/

About Vegas Business Spotlight:

Vegas Business Spotlight is a podcast dedicated to showcasing the vibrant world of Las Vegas entrepreneurship. Hosted by Tim Knifton and Marco Salinas, the show features interviews with local business owners, sharing their experiences, insights, and journeys to success.

About The Show Sponsor:

“Vegas Business Spotlight” podcast is proudly sponsored by RSVP Advertising Las Vegas, your premier direct mail postcard service in the heart of Las Vegas. With a commitment to delivering outstanding results and effective marketing solutions, RSVP Las Vegas specializes in helping businesses connect with their target audience through direct mail.

Visit their website at RSVPLasVegas.com to explore the range of direct mail services they offer. From designing eye-catching postcards to precisely targeting your desired audience, RSVP Las Vegas has your direct mail marketing needs covered. Their team of experts is dedicated to helping your business make a lasting impression and drive results.

Whether you’re launching a new marketing campaign, promoting a special offer, or aiming to boost brand awareness, RSVP Las Vegas is your trusted partner in direct mail marketing success. Contact them at (725) 333-8660, and their knowledgeable team will be ready to assist you.

Experience the power of effective direct mail marketing with RSVP Las Vegas. Trust their expertise and enjoy the benefits of reaching your audience directly. Visit their website or give them a call today to start your next successful marketing campaign with RSVP Las Vegas, your premier direct mail postcard service in Las Vegas.

https://www.rsvpadvertising.com/las-vegas

Kim Magdalein w/Magdalein Financial, Interviewed on the Influential Entrepreneurs Podcast: How Social Security Planners of America Helps Advisors Get Clients w/ Seminars

Published on November 29, 2023

Kim Magdalein discusses the success of seminars in the financial planning industry. 

Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/kim-magdalein-w-magdalein-financial-how-social-security-planners-of-america-helps-advisors-get-clients-with-seminars/

Kim Magdalein began his career in the insurance industry in 1985, following a 15-year stint in the printing industry. After establishing himself in insurance, he took the leap to start his own practice in 2000. Two years later, he partnered with Eric Stratton and his son to build his practice over the next seven years. However, in 2008, he shifted his focus to his seminar marketing company, Seminars for Less. Today, he continues to successfully run Seminars for Less and can be easily reached through phone, email, or his website seminarsforless.com.

The episode delves into the correlation between competence and confidence in sales. When salespeople possess a deep understanding of their product and know what to say, it significantly boosts their confidence. This confidence plays a crucial role in closing sales. While it may not guarantee a 100 percent success rate, it is still far better than approaching sales without competence and confidence.

The host acknowledges the guest’s competence as a significant asset in the industry. Kim emphasizes the importance of accessibility, highlighting that simply waiting for an email response is insufficient, especially when time constraints like attending seminars or appointments are involved.

Another key point discussed in the episode is the importance of credibility in sales. While Mike Saunders recognizes Kim’s efforts in creating a positive image and understanding of his services, he also acknowledges that credibility cannot solely rely on personal claims. The guest emphasizes the value of using software that provides answers to questions clients didn’t even know they had, as it enhances the salesperson’s credibility in the eyes of potential clients.

The episode also touches on the effectiveness of using stories and examples during seminars. Kim mentions the popular saying, “Facts tell, but stories sell.” By presenting real cases and success stories, salespeople can engage the audience and make their message more relatable and convincing.

Furthermore, Kim emphasizes the importance of having a substantial body of work and a track record when it comes to marketing and testing different approaches. He explains that having a track record of past successes makes it easier to make informed decisions and avoid wasting time and resources on strategies that have already proven unsuccessful. He highlights the value of taking notes and learning from previous experiences, as it provides a solid foundation for future endeavors.

Kim said: “Credibility is an issue. When we’re in front of a group of people, you can’t fool them. And when they’re looking at you using software that gives them answers to questions that they didn’t even know they had, then you become very credible in their eyes. So that’s a big game changer.”

 About Kim Magdalein

Kim Magdalein entered the insurance industry in 1985. Opening a private practice in 2001, Kim marketed to retirees by means of seminars. He presented to over 800 audiences in the next seven years, producing $150,000,000 in annuity premiums. Kim left his practice to his two sons in 2008, continuing with a seminar marketing company, that he still owns producing over 17,000 seminars across the nation for financial advisors.

Learn More:  https://www.seminarsforless.com/