Tag: Financial Security
Optimizing your MPI Pension Plan with CEO David Asplund (Ep. 31)

Optimizing your MPI Pension Plan with CEO David Asplund (Ep. 31)

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How can Entertainment Industry members best ensure financial stability in retirement? 

Understand how the Motion Picture Industry and Health Plans work as this episode explores the benefits, strategies, and vital decisions shaping retirement for industry members.

Adam Scott, CFP® interviews David Asplund, CEO of the Motion Picture Pension and Health Plan, who explains the robust framework supporting financial and healthcare security for entertainment professionals. David addresses common misconceptions, clarifies plan options, and emphasizes the importance of informed retirement planning.

David discusses:

  • The difference between the pension plan and the individual account plan (IAP) and how both benefit retirees
  • How residuals act as a financial safety net, ensuring stability during challenging times
  • The health-only retirement option that provides coverage without tapping into pension funds
  • The role of accurate work-hour predictions in sustaining the financial health of the plans
  • How industry trends like strikes and new media residuals impact the funding and future of the plan
  • And more!

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Connect with David Asplund:

About Our Guest: 

David Asplund is the CEO of the Motion Picture Pension and Health Plan, where he oversees the financial and operational management of retirement and healthcare benefits for professionals in the entertainment industry. With extensive experience in finance and plan administration, David is dedicated to work on the long-term stability and success of these critical programs. His leadership focuses on delivering robust resources, educating plan participants, and adapting to the evolving needs of the industry.

The information presented here is general, high-level, and educational in nature. Please see the Plans’ Trust Documents and the Summary Plan Description (“SPD”) for the complete set of rules that cover the Plans. In case of any inadvertent errors, the rules defined in the Trust Documents and SPDs will govern.

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Protecting You and Your Loved Ones from Financial Fraud (Ep. 24)

Protecting You and Your Loved Ones from Financial Fraud (Ep. 24)

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Americans lost $13BN to fraud in 2023. Young adults are particularly vulnerable – along with the elderly – as social engineering becomes increasingly sophisticated. Don’t think it can’t happen to  you.

Today on Red Carpet Retirement, Adam Scott, CFP®  delves into the concerning rise of financial fraud and offers practical tools to help safeguard against these threats. Joined by a young man, George Baker, who shares his personal experience of being scammed at the tender age of 18, this episode aims to educate listeners about the increasing sophistication of scams and the critical steps to avoid becoming a victim. By tuning in, you’ll learn essential prevention strategies to protect your family and hear firsthand accounts that underline the importance of vigilance and prompt action.

Adam and George discuss: 

  • How to identify and understand phishing scams and their evolution into targeted spear phishing
  • The psychological tricks scammers use, such as urgency and emotional manipulation
  • Steps to take immediately if you think you’ve been scammed, including involving third parties
  • Real-life stories highlighting both the complexities and preventable measures in financial fraud scenarios
  • And more

 

Resources:

 

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