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Common Sense Retirement 1-14

Jan 14, 2017|

Common Sense Retirement Planning

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Automatically Generated Transcript (may not be 100% accurate)

Well couldn't morning and welcome to comment since retirement planning power. I'm Tony gale with my best friend in my partner Philip Allen and Laura Crawford who is our associates. And for the next hour we will reach gale you all kinds of interest in facts and information that the mainstream financial press is not going to KOU more than likely. We are in fact the alternative to the mainstream financial press that sat well we've always wanted to do on the show for more than ten years now do you believe that anyway. So I am as part of what we do we give information and we bleed. Because Phillips or that we some entertainment no doubt about it tell us. We don't want you to to think anything we say on this radio program is something it's actionable and other words if we say something you tell my guys they just told me go. You know sell everything in my forwarding or don't don't don't don't go into debt. Because we are securities licensed and like a fair few people Colmes all retirement planners. And everything we do we do through capital investment group member of Finneran said they came so. We are very careful to make sure that whatever recommendations week. Come up with for you are specific to you do and suitable for you. And which is why of course we have complimentary consultation to cost anything to sit down with us and let's look at your situation and and try to to craft something that that works for you. Now having said that we we also have always. Put our foundational. Approach to what we do on biblical principles which amusingly thing matters in the end. And therefore we always start the program with something from the Bible. It's human nature to think that money is security but the Bible teaches otherwise. And first Timothy 617 assists teach those who were rich in this world not to be proud. And not to trust in their money but which is so unreliable. They're true or should be and god who richly gives us all we need for enjoyment. It's a false promise to believe that money gives you security relationship with Jesus Christ is the only true security in this world. And on the subject. Everything you had. Is through the grace of God's. Generosity anonymous deserve anything of one of the crazy things about our culture we've come to believe that we all deserve this we deserve that. Oh god and trusts us with various talents. And resources. Money whatever. But he expects something from our us. And he talks about it and Luke whoever can be trusted was very little. Can also be trusted was very much and whoever is dishonest. With very little will be dishonest with much. So if you have not been trustworthy in handling worldly wealth. Who trust you with true riches. And if you've not been trustworthy he was someone else's property. Who give you property of your own ask Luke 1610 to twelve it's always. A good idea to remember who owns everything. And who you are the sermon and therefore. Have a servants in the stewards heart. When you deal with other people no matter what it is you do for a living. Well I wanna start Fahrenheit with with what this is one of the most interesting. Books and articles I've run up on in and scary very very long time. Try and work kind of start. First to admit that title this won't from the Wall Street Journal the champions of the 401K loan meant. The revolution they started. They believe the retirement savings have fallen short of the early backer rosy expectations. And so I'm honored to delve into this but I first wanna give you some perspective on on what this articles talking about it. Remember that prior to the late sixties. Early seventies. Eighty something percent of American workers had a pension so used to be that companies would save money on our behalf and and we we have a guaranteed income on an annuity. Paid for by the company. But then. When the markets begin to crash. In the sixties and we went through that eighteen year bear market of Nixon Ford Carter and of stagflation misery index won't rest of that stuff. Companies. Got to a point where they were not going to be able to fund pensions and they saw this coming so they went and crafted. This new approach a defined contribution. Plan was call. And that is what. A 41 KI RA a 403 B 457 these are. These are defined contribution plans in other words the monkey would be on our back but that is not what they thought what happened they thought no no this was going to be a wonderful thing excel. For perspective. Today just 13%. Of all private sector workers have a pension. Many early backers of 401K now say that they have regrets about how their creation turned out despite its emergence as the dominant way. Most Americans say. It wasn't designed to be a primary retirement tool any knowledge base they do. That they use to forecast that way too optimistic to sell the plan in his early days. The proliferation of 41 K plan has been exposed. And workers now have had to see huge crops in the stock market and high fees from Wall Street money managers. While making it easier for companies to share to guarantee retired pay outs in the form of pensions. This is quote from one of the people who helped create case. Quote the great lie in. Is that the 401K was capable of replacing the old system of pension says former American society of pension actuary is Gerald for team. Who helped. Turned back in 1986 Ronald Reagan administration. Push to kill before one K he said before one K has been oversold. Some early 401K backers are now calling the changes that either force employees to save more money your require companies to funnel more additional. Money into them so I'm gonna skip ahead a little bit because I. We have talked about this woman. On this radio show several times how I. Phillip was in the and you guys at least. Five or six years we started telling them that the government has taken aim at 41 K plans will listen to this. Economist. At I knew I should put the word in here because not an article liberal. Leftist economist Teresa Carolyn do cheat. Says she. Offer assurances that union board meetings were here she'd be here. And congressional hearings had employees would have enough to retire if they says side 3% of their paychecks and 41 K. That was assuming investments are rise and an average of 7% a year well they haven't done that. Two recessions in the two thousands of erased the gains prompted second thoughts from early for a when Kate champions in this Carla Gucci now. Is floating ideas to force companies and employees to contribute. To a new type of plan much like a pension. Where the government would be in charge of the 41 K and in your retirement. These investments in government bond with the end supply hopefully in income to you so. I went in with telling you this. For one case. Like a moral album out there you probably have one. And the market right now in our opinion is about as close to the topic is going to be. There's going to come a correction and we need happens it's going to be a doozy and he's going to hit most stocks and bonds this time this is what we believe. Based on well we'll share some of the with you but. So the point here is. If you are over the age of 59 and have few have the option most of you to do what's called an in service rollover where you simply roll. All of the stuff you've saved out of their 401K. And into an IRA which we would help you set up and create for yourself. A plan that now cannot lose money when the markets go down. Will supply you a guaranteed income for UN a spouse for a life and let you continue to participate in the upward movement of markets. And therefore have a hedge against inflation. Is that it's seems sensible thing to you I urge you go to our web site. Common sense retirement planning and comer any easy way BCC is RP dot info or. That yes. CS RP dot info info on content. She had a bit off the show for a week and look what happens stranded up on the side of the hill and drive because now and I forget the important stuff. Well Tony. How was your last week with Rebecca technology and and that when you're not here. I just our our rely on new I even missed the Bible verse last week. Making sure that I said everything that I was supposed to say that this far Amer. Capital investment groups around you know is glad we are glad your back still. Ford Escort him to serve so if you're bringing up and they give full disclosure I am and to assure story with the so ten almost eleven years ago when we first started and I have the opportunity to the program went filled by say Philip I have this opportunity disease radio show. And I think you're telling my vision of what we went we wanted to do so we Jai can do this. And no. I can't do radio I don't know man I don't think ought to do that. And I should we keep you kidding me you can do that you're one of the funniest human beings I know. You would you be great at this non. Could you imagine not doing it now have a net. And and once again you always referred to me is the funniest human being you know and I Hebert reminding Tony passive people. They'll invest with somebody with a sense of humor but they won't. Follow the campus client on your NASA will argue that you are very quick wit. But I do you Tony always expects me to. You know probably have something humorous and today I was really looking for something. One of the funny things happened was I emailed one of my associates a massive debt. You send me some funny messages and he takes him back he's attacking Iran now working acid LOL send me another one. I. Many anyway. You know for. In the last three months trump was elected President Clinton won the national championship. And for about. Half of air audience. There's nothing that could top they and other maybe the coming of the new Jerusalem or something I bet if it's slow but that what I don't want you to do is say will along with all those wonderful things. You know the Dow is getting close to 20000 you know happy days are here again. Well just like Clemson took 35 years to get back to the national championship sometimes I wonder if it's gonna take. 35 years to get back to 20000 on the Dow. The Dow is due for correction even if the economy was good. And there have been times if you had a major money a thousand dollars invested it in 1929. It wouldn't take it in 1954 to get back to a thousand dollars. And so. I'm excited that troubles elected. Half of erroneous is excited that Clemson won the national championship. I'm but. I don't want you to get too caught up in the fact that. The Dow 120000. Unless. You locking your games. Because if we go through another 2008 you lose half their money what good did it. At a news Max James records. Trump can't stop the next financial collapses author James record says president elect Donald Trump will be helpless to stop the next financial crisis. A financial crisis is certainly coming what is most important is the crisis is coming in the time to prepare is now. It could happen in 2008 change 2009 detained or it could happen tomorrow. The conditions for collapse are all in place he told MarketWatch. Likely triggers could include a major bank failure a failure deliver physical gold. A war a natural disaster a cyber financial attack in many other advanced the trigger does not matter he say it. The exact timing does not matter. What matters is that the crisis is inevitable and coming soon investors need to prepare and records who was principal negotiator of the 1998 bailout of long term capital management. As the hedge funds General Counsel. Since we have vastly increase the scale of the financial system since 2008 with larger banks. Greater concentration of banking assets and fewer institutions larger derivative positions. And seventy trillion of new day at. We should expect the next crisis to be much worse than that the next prices will be of unprecedented scale and damage. If you're. Worried about that and would like to know how to be safe. That's the trouble with 401 case there's really no safe assets in the makes that money markets and their problematic these days. But if you're 59 and a half especially you have a chance to move that money and still contribute you for a place to get a match to protect your lump sum give us a call. At 1806876768180687676. Say. Lucas up on the web common sense retirement planning dot com. Or CS RP. In and vote today doubt it. Well Phil. To tag onto what you are you sharing the Jim would you records saints who by the way as him and hit the guy's been pretty accurate historically have followed his career. Irish something I'm I'm not joking I'm doomed show prep and restaurants all the time because of managing our film from Bob sometimes some always just in case. Reid was out. In the world but. I ran across something that I'm my mouth fell open when I read this say yours will too didn't just take what Philip bread. And then listen to this. The latest report from the Institute of International Finance. Shows that as of the third quarter between sixteen. We've hit an all time high eighty. A dead in the world of 217. Trillion. Dollars. We cheers and here's the number that blew my mind. 325%. Of the world's. Gross domestic product. Think when we put them in simple terms. We have 325%. More debt than everything. Produced. In a year. By the entire world. Never in the history of the world has this ever happened. Now you gotta ask yourself. Quote Clint Eastwood do you feel lucky punk well do ya. I'm gonna tell you this this is that is a profound thing IG shared with you and here's why. If you study history which we do. We would Philip and I believe if you wanna know what's coming look backwards first study what is already happened because everything is cyclical in the universe and and therefore. We have not seen a debt bubble collapse in more than thirty years but they've happened time and time again in the war on what might get. B bonds. Bonds. So you go to your happy little financial advisor there in the strip mall senator and you say you know at. Bob Jane I am scared the stock market I think it's topped out I wanna move into something safe. So they'll say all no problem. Would just move it to. Fixed assets one now who wouldn't want something can be fixed it sounds so good or or maybe we'll put in some high you old. Bonds well how I'm like a little higher yield gimme some and that's. That's bonds. So what. We believe is getting ready to happen is this debt that he's been looming since 07 and LA thanks to the central banks. He's getting ready to come crashing down crying out loud it's already happening since such trust in elected more than two trillion dollars has been wiped out and bond markets already. And so pardon me. So when bonds hit a certain level is interest rates go up it's going to hammer bonds. And so you're gonna say you're civil. What's it bonds are safe. Because I everybody always told me that there that's are you protecting yourself from the stock argument and a bond right well no. Not necessarily. Not this time around. So we have some alternatives instruments. They can give you actual genuine security. That we'll do the following number one. We can lock in whatever your lumps on your assets are. And you know from that point forward I don't care what the stock or the bond market dies you will never lose a dime. That's the first part of the equation let's put a floor of zero stop loss under your first. It took to quote Warren Buffett. Rules of investing Warren Buffett rule number one never lose money. Rule number two don't forget rule number one Warren Buffett okay so we want to make sure that happens number two though. We believe inflation's coming Y 10 my gosh we doubled the debt to twenty trillion dollars that's what trumps getting ready to inherit. Printed four plus trillion dollars with which we bought more in bonds debt of our own treasury committed. A Fey and so yes we believe you better have some mechanism for growth and here we can show he had to do that haven't had a team. Profit during a swings in the market not given up when markets go down. But the most important part of this equation. The reason that most of us or save what we saved is at some point. We're gonna have to live on whatever that is for the rest of our allies we took the lord might leave us here for thirty or forty more years for all we now. And that is why we make sure that you really care and TV income stream for life. For two people for a husband and wife. Should you wish to do it that way. And continue. To get raises when you have years where we get good returns. And have a death benefiting your passing whatever left you can pass on your kids if that's the type of that is he retirement plan. That's the different try to what I described Q. That's a retirement plan and investment plan that's what I was talking matter anyway gotta I gotta asset allocation Assam Bob got some stocks got a that's what these other guys we'll show you. You come see yes. And we show you how you can actually sleep well at night so go to common sense retirement planning dot com or as I've been told. CS RP dot info. That what you say about Bakes the word fixed you know make you feel secure. Fixed assets or whatever and what you have to understand is fixed assets does not main principle here in a neck and just a word make you feel better and makes ever. We got a new puppy dog and we don't we're gonna take into the bit and there and get him fixed. Well he's. Pacing no excited about how they got there. OK so sometimes you get fired up about something you just don't turn out the way you think Leo so. The a couple of when he. Things I want you to realize and we talk a little bit about this last week and again this week. Be more concerned. He's a lot of people excited about that Al nearing 20000. Be more concerned that their debt ended up this year at twenty tree and okay now is note a dour 20000 is no match for a day ahead of Trenton twenty tree and it will affect the Dow eventually. And what if you really did take the next thirty years to get back to 20000. That's not a kind of mistake that you need to make and you have to be proactive. If there was a way to see a good retirement plan. Hopes for the bay estan plans for that but a good retirement plan also has a plan for the worst. You know most investment plans they hope for the best and have a plan for that but they have no plan for the worst. And when he comes Tony talked about the affair electing you know with the upon cannot talk about a had to go to Los Angeles twice in one month. And they tell me that. Parts of California fall off in the ocean once ever 600000 years. And I thought well I'm pretty lucky you know that's probably not low ball on the fair. But if they totally see these bubbles have been happening ever seven to eight years tremendous crashes in the market. Well if they told me that count park California fell off negotiator for 78 years I wouldn't. I'm not that elect especially with my life savings. You need to give us a call 180687676. Day. 180687676. Day and let us talk to you would have a common such retirement review. And just find out is there a possibility. That there could be a way that would give you peace of mind in safety and insure those precious life savings. There's even probability. You mentioned trumpet and they did 20/20 trillion dollar debt that he is going to inherit and I I ran across some stuff that really. It kind of puts this in perspective okay first of all understand. Did George W. Bush created five trillion dad is during his term so he be certainly wasn't very good. Well Obama admitting any doubled to nine point three trillion but listen to this. To give you perspective. In 1979 the debt to GDP ratio for our country was only 31 point 8%. The federal government only had 826. Billion dollars an outstanding debt now. Our debt to GDP ratios Andre in four point two that's the twenty trillion mark. So an absolute terms the dead is the highest it has ever being mean if you use common measure of debt to GDP dice expenses for two but here's another one. US is the second highest debt out of 834. OECD countries. It comes to laundry and 67000. Dollars per taxpayer. Any at some point get get we'll have to be paid in win it hits the fan in the fan is on high you don't wanna be standing in front of the fan with your retirement savings. Which is why you need to go to common sense retirement planning dot com. Or CS RP dot info to make an appointment incumbency east cost generic and now. Stick around when we come back or Crawford is going to talk about another important part of and retirement planning which is a long term care strategies. So stick around for that we'll be back with more right after this. Welcome back to common sense retirement planning. I'm glad you made it through Friday the thirteenth. And eight full moon and the same time. Whatever happened is probably just a coincidence well what happens on Friday the thirteen states monitor user to. I hope you're enjoying your week can thank you for listening to us. Here common sense retirement planning worthy alternative to the mainstream financial Chris. Securities offered the capital investment group member fender and civic and when you listened as we want you to do something we want you to be motivated to do something besting give us a call. At 10687676. Say. 180687. Tony was making faces at me and I. 180687676. Say grant us the way it CS RP dot in. But I must say that that's what we want you to do we don't want you to do anything with your portfolio because every situation is unique to this specific individual. And we want to look at your pursuit specific situation where people from the landing to know and yes. We wanna look at your situation and we wanna tailor make a plan just for you know all plans are exactly the same people in different situations different ages. But that would look feed coming in and have a common sense retirement review. And find out why so many people trust comes in retirement planning for their life savings and refer their friends and relatives to us now. The trouble is sometimes. We think we know more about. Savings. And retirement and we really do. But it's always better to have a trusted advisor had a client that they said he has they had was always. Important he had a man usage you know you need to you know that the CPA Lott got a man you know Unita. Pain email. I got my main where you need a man. Or want more I'm sorry for retirement planning and we'd like to me that person that go to person that trusted expert that you could trust with your life savings. And don't assume that you know everything in this Sunday Mark Twain said something. Stately is not watch you know the Q was she. Is what you know for sure that ain't true. An example. Have you heard at risk equal reward. Well. In the eighties and that these risk in the market data equal reward. But since 2000 with the major drop risk had an equal reward is risk would no reward well that's not a good plan. You know if this volatility continues. Then putting your money in the market is risk would not reward. Well it's not what you know that QOG is what you know for sure that ain't true. Hey give us a call us explore these ideas let's find out what is true and what were freed. Now. Some of the things that we've got to prepare for. Aren't all that pleasant. You know there are some people that all they do is they concentrate on long term care and that's something very important and we have experts in our office and lower one of them. They concentrates on long term here the thing I don't like about long term care town he is nobody locks in any money for and they don't like he had the benefit. You know I mean they're nursing and act. And so but don't leave while this is so I'm never going to a nursing home. You know I actually say that ass and I will never put Monday Ed in a nursing home well the last time I came home. What he was at the palace this is like the fiesta time actually beat the ambulance there for a change. But he had fallen in the my driveway. It was pouring rain and thunderstorm. My wife had him covered up with a TARP and when I got there are a little bit better Monday goes. Italy and on the ground that we couldn't get him off the ground in the ambulance game. In towns like this there's times that you have to go in in the and you need to have prepared for that in advance. So lower 41 details today about long term care. Well first of all we talked about this before but we felt like it it was such an important subject that we needed to cover once again it's always a good reminder to hear these banks. But what I think people don't think about our no about long term care is really what eighty Guinness. And long term care is not actually at treatments. Or eighty injury out are in illness like your medical care. Is actually a service that helps you maintain your quality of life. To perform everyday activities. And there are several activities bed I'll fall into this category and I'm gonna name them eating. Dress saying a game using the bathroom by yourself. And walking which they refer to is transferring. Now some of those things could also include just. Money management you know just being able to balance your checkbook and pay your bills. Just regular household chair chores. Meal prep you know just just having something to eat. And long term care can be out in a variety of settings include the east for instance I am it could be in your home. It could be assisted living facility in eight could. It usually starts at in home care any graduates. And progressively moves into assisted living and eventually into long term care. In fact 70%. Of people. Over 65 Arkin and needs some form of those long term care properties I just I just mentioned. So that's a good amount of people that are gonna need that. Come and I'm not sure that people realize the cost of this for instance if you have a home help aid coming to your home. It's gonna caution about 22 dollars an hour. Now if it progresses. In Maine is on and you actually get in TU. An axle. Nursing facility you're talking about probably anywhere from 49000. Denying 5000 dollars a year. That is a good amount of money. Now come one thing to also note is this is where women. Tend to outlive. Their is that we know outlive men. And that averages five years. Now an average stay for a woman in this type of facility is also longer which most people don't realize. It's usually three point seven years and me and is she appointees. You know way and got to tell you I pay her story then and this is. Kind of illustrate your point date they were there is it to your nursing home. They're talking about they had only one guy and like eighty women weren't and just nursing home and they can't there's a new guy coming. It's it's really gals were really excited about the solution will bring go sit out on the front porch daring and and wait for him to show. And so when was named Louise anonymous Martha's are called but anyway so they're sitting out there waiting for him and in a brand new Mercedes pulls. And this could look in older gentleman steps down chiseled features count look little like Clint Eastwood quiet here the good and many. 21 says is it. Police some uncle Dan and welcome him so she doesn't how welcomed in shady grove nurse how we're just so glad you're here and we're just thrilled and we just want to welcome you. And tell me about yourself and he said when am I. Just get out of prison. And now. Chris. You yes ma'am. You say the bad temper. And and I lost my temper here are some years ago and beat my wife to death with a shovel. I'm better now I'm sort of paid my debt to society and she sat here and stone look on her face to invested mark you know. So there are you know some some things going in in in nursing homes most people don't know. He never really thought about that being such a great place for me and to be without hearing the problem how come I had to how how come that has happened when were like hey. That is half an hour 2510. And was something for you to look forward there Uga. So Aaron. It in it's hard to believe that after all those things we just talked about that one in four people are not even slightly prepared for this to happen to them. In 11. Of the statistics that really kind of blew me away when I read it was. 22%. Of people a looper 85. Our Guinea and depth and a nursing home. That is this statistic crichton. That is the way it's going and it's hard to believe that but these are the actual facts of thanks. So. And that thing people don't real are are are they they think that Medicare in Medicaid type things are gonna take care of them. And that always is not the case do you realize that you have to liquidate your assets to a certain threshold for them to eat and consider you. And falcon 2000 books yes total yes I mean you've got to be broke. Yes yes and take everything you own before they give you the first dime Medicaid yes yes yes they actually take your house yet. Then after wife's living in in your nursing home they can take it way right her try to when she passes away is sort of like they totally you know. Yes that's exactly what they do they put a lien on it to try to recoup their dollars. And they won't sell it out from underneath there. But as soon as she passes away they're they're waiting their like holes to go ahead and take it and am be able to you know selling and get the ninth at port. So. You can be prepared for this and there's wasted dude says that are not. Hard it all and in fact. Me and all of the free get down I do when he interject this 'cause I just had this conversation. Friday. With a couple we were talking about long term care factor in and you're gonna put together plan for them. And their biggest concern. Was they didn't want to be a burden to their own family and that's something that a lot to a lot of people. One of the reasons they wanna do long term care planning is they love their children. They don't want their children to have to be responsible for them. In their old age in an end when there infirm. And invest I know you hear that a lot. Yeah I do in another thing to think about too is it viewed let Medicare take care if you you know to pick where you're going to be. And Acadia Medicaid yeah. It. Yes and that's not a pleasant place to go visit I've been there a few times in my lifetime is not the most pleasant place to visit my Orangeburg. I've got agreement that is that's. We wanna make you aware of is that. Long term care that they're there was an old way of doing it there was there that was expensive you know an aide didn't. I am always pay off meaning like if you did not easy you just lost it very similar to use your car insurance or something of that nature what are some new things out there at that we find out about every day. And one of the great things they have going on right now is there something that's a hybrid for long term care of the money you could intuit is not just vanished in Pippen's Bonnie feed do not use it. It does go on to your ears as in the form of the life insurance benefit which let me say this is tax free. And not to and also to mention the fact all this money that comes up for this long term care portion of it is also tax free. So it it's a Smart way to do this as an example. If a man is 55 years old in in present day these are these are quotes I've had a recently. If he has a 100000 dollars when he puts it into this. It will pay out 6500. Dollars a month for a facility of any sort and you know including home health. It for six years and also have a death benefit of a 166000. Dollars. It would move onto his heirs tax free so. It's it's not a bad way for you put your money a way to say for you for this component and be able to also pass on to your ears if you don't use it is very Smart way to do it. They can't go up. Say the trouble with the traditional long term here is they can go up anytime they want to on it as many of you listening net OG and worse just got bought out by Chinese company. And the first thing that happened is they went up 20% across the board on. A lot of their contracts and you've got all those contracts those Genworth contracts and look out. Is there something better for me out there than this which could double if they wanted to in the next teen years. Give us a call. McCain at Laura thank you for this kid had something that you need to know Laura of course is one of our associates but we've got a number of others and in. We talk about retirement planning but you have to understand retirement planning is a host of different things it's. Income planning which Phillip I talk about link but there's also the long term care. What about that how about a state planning had to make sure your assets pass this tax efficiently as possible. We we have. Experts CPAs we work with attorneys that we work with we can do very complicated estate planning. Scenarios. Long term care we can help you with Social Security advice. There. We have a whole team approach it comment since retirement planning and in the end we're there. To help you through what is arguably. It's not the most one of the most important. Transition Jolie ever make in your life. Going from. Your own life into retirement isn't from and his stance. Men especially don't realize what a big deal it is one of the things I talk about a lot nano filibusters. I understand. That women. When women when a woman retires. I think women do retirement far better than men in the region is there relational by nature so so they have significance and purpose in. And so forth through relationships where's may end by and large or. Creatures of work so we are identified in our own minds largely by what we do who you are what you do. Well there is an art of fruit of going from success in whatever you're doing now to significance in retirement. And we we try to talk to people about that sort of thing as well psychological thanks to listen. You want somebody to be your partner. They had to dig your be your man your go to in warm and you go your go to person. Please come and visit as we we'd love Dmitry and you have a good time we actually do we have brand new building we both audits beautiful over close to Pelham road. And and we have so much fun. We actually handles you have received your fellow. Which are laughing and carrying on and if it's not a dry boring where I can sit there and federal bench is institute SPX and and show you bunch of pie charts and did Paris make you think you do your mind go for as because I don't know what these guys are talking about new. No he if you are you feeling that doing. Business with with us you're gonna know exactly what you're doing and how it works and why. And do you want you beyond warts out please go to common sense. Retirement planning dot com or CS RP dot info. Air whole purpose overall her main purpose is to reduce financial anxiety financial fear in retirement. You know if we could take one major worry out of your life is sixty years old what's that worth to you it's hard to get one major worry out of your life at that age. And if we can have a way for you did not have that fear that you would run out of money that inflation muddied up your purchasing power. That's what we try to do we want to give you. We hear stories of there's there's a lot of people who were right here in the community that older people that are living in quiet desperation. Due to poor financial planning in the past doing traditional 6040. Plain and you know the risk tolerance questionnaire and went through 2001 and two in 2008. And now look at Zulu where either moreover the you know going to be broken if we keep taking out that kind of money we need to live on forty gonna do if you've had. Poor financial planning what we want is not yeses we won't guarantees. And you know there's a lot of things that same did at the start. You know that are in a lot of times a lot of these financial plans are easy to. Market to you that their hard done especially when we go through these dips. We're warning something that the longer you go the more confidence you have that your knees will be may have your children's needs we may have. And it had a meeting with All My Children SA out of wanna be a burden on you and they all told me to a man in cities too late for that. You know and some is there any scene. Good at that time how I thought I'd be a kind of in thing for my main case she bought this map of the world. And we've got to travel lately and we wanted to put an attack in every place that we had me in and so she paid a lot of money for this map of the world. And Bol the tax and everything in and I also and a good house count excited about it. In the end we started and that we realized we had not gone into the upper left hander wracking quarter the earth so it fell off the wall. And so you know that sounded like it did I did it just it wasn't so. If you wanna know all the good ideas. That are truly good ideas in retirement planning go to CS RP dot Ian. Paying Cuba I guess I ran across a piece that I thought was was actually quite an increasing. What twelve financial experts predict for the economy. Into any seventeen and these are these are some series people here so I'm just gonna share what they have to say this is until this is and Tony this is Laura. This is this well for starters Lawrence June. Who's the chief economist there's a National Association of Realtors and his what he says. The budget many prospective buyers. Has been built an abrupt hit by the quick ascension of interest rates. After the election are ready face with climbing home prices in minimal listings and affordable price ranges fewer home shoppers and most of the country were successfully able to sign a contract. Gerald sullen Dana you may not know this catcher Russell and that he is a futuristic and he has been so accurate over the years I followed this guy for years. He's a trend forecaster. He says. The economy is not going to rebound with the economic proposals that are now on placed the global situation is created an environment for financial panic. The financial panic conditions have been in place for awhile what trumps victory has done is played off. A little bit of bad and possibly. Can help button. In the long run the dead is going to have to be paid we've talked a lot Baghdad James Dale Davidson. Economists to correctly predicted the collapse in 99 and 2007 quote. There are three key economic Indy cleaners indicators all of them screaming cell. They don't imply that he 50% claps is looming it's already at the doorstep. Marc Faber investment advisor in hedge fund manager. Tony seventeen will be the year when the US economic economic causes a world. Economic collapse. He told CNBC investors are on the Titanic and stocks are about to enduring gut wrenching drop. It would rival the greatest crashes and stock market history. Marco bell. Teacher and trend follower from a financial strategy. Deutsche bank and this is listen to this think this from first. Deutsche Bank has a startling if leverage or forty times. Leverages the proportion of debts that bank has compared how much capital in Paris which means it is forty times more bad. In capital. Forty times. We expect the result. Could be bank runs and finally a gimme Jim Rogers who used to be. He'll follow found a quantum fund George Soros. He's what he saves a 68. Trillion. Dollar biblical collapse is poised to wipe out millions of Americans so it. That is what I handful of some of the most respected forecasters say could happen. If they're only half right. Do you think it would be a Smart time to take your chips off the table walked to the window in cash the men. And do something say before with them. Well since we are of the upstage or regional. Retirement planners safe money strategies is all we've ever done. And we can show you have to take that money that for many view you finally just got back to where you world when that crashed in 07 and LA. And in particular you're 59 and a half oh my gosh do an internal control over. Go to CS RP dot info or common sense retirement planning dot com come CS and let me show you. A way to protect your life savings. I'm reading an article about the cost of living adjustments for from that year 20162017. In this. Tax act changes out just that the man who Alter author this'll pamphlet of this witness warrants Owings. And then underneath his name is is JD. CLU. CH a SE MBA. And FL Emma Thomas was Google is like match here that. Better than that that's a credential threat there but you have probably probably pretty accurate you hear hey I've got PD cute that's right and now. Give us a copy geeky but anyway. One of the interesting facts was in 2017. You know what the average retirement benefit for Social Security is for a couple. 2260. Dollars. And you think about if you had to live on you and your wife 2260. Dollars a month in today's society. I mean not wiping their Whole Foods Market in spanned half you know. Really don't want but anyway you know it is so expensive DeLeon and if you haven't. So well I've got my 401K will do you you know if it's in the market it risk. Say we want you to have mailbox money an adequate mailbox money. To pay your basic living expenses. And most of the plans. Aren't really designed. To create long term income what they're designed to do is just maximize total return and it's it's a different school of thought. Now we don't want you to a new and it has money we want to be where if you and your why forget about meteorite that money will pass on your children in the most tax efficient manner possible. But we won't mailbox money to supplement that Social Security that's inflation protected. Where that you know every month that you can spend that money. And you're not going to run out you know if you're are costly thinking that we have so much money but we're going to run out here ruins. Spending the money it takes all the fun out of retirement so we. Where should we go on the cruise this year should we help the kids maybe we should cut back maybe we should go into something more aggressive there's always mental gymnastics. But if you knew you had guaranteed income that you and your wife could now lead of that wood and such a peace of mind. And Social Security is just not getting it these days it 2260. Dollars on average. I have I see a lot of. You mentioned people being more aggressive. And skiers who scares me on their behalf. There are a lot of people that are. Don't know that they know they haven't saved enough they know they've got can have enough money to to live comfortably and so what they're doing news or jump and in all this crazy. Risk stuff so they can get a real fast make about being built up the thing. Here's the problem little fat. Yeah if you're 25 for 35. From the B 45 years old may be bad it could be a viable. Option. But you have to understand boom. The numbers of loss to eat if you if you lost 50% and before you sent to 50%. The last downturn the S&P lost 57%. OK so if you lost 50%. Of your life savings in a major market collapsed. You have to get a 100%. Return. To get back just to where you were before the crash that's the mathematics of loss. Ashe without taking one dime of income let us show you way. To have a guaranteed stream of income. To get raises and an income during periods when markets are growing up without ever ever losing a dime of it and income from view and of spouse. And leave. Whatever's left over to your ears and most tax efficient manner that is what retirement planning is all about. And common sense retirement planning the upstage or regional retirement planners we can show you how to do it. Hundreds of people hundreds of clients of learn the secrets. So please go to common sense retirement planning dot com. It's or CS RP got in for call us at 1806876760. Once again thank you all clients whose. Made last year such a fantastic year for Tony and myself. 180687676. Say stay dry this weekend. God bless you see you next week.