Feb 4, 2017|
Common Sense Retirement Planning
Automatically Generated Transcript (may not be 100% accurate)
And a good morning to you I'm so glad you showed up at complaint we should welcome the comments since retirement plan and I'm Tony dale. We in the best friend and partner from the past and are says he Laura Crawford is in Memphis today for the next hour we. Will be your alternative to the mainstream. Financial press biased as they are. With all kinds of interesting information that you've likely have not been told by those guys. And the same sort of nonsense they do when you're dealing McDonald from. But we are the upstage a regional retirement planner you probably know that we've been doing the show from me and him here's. And as such we take a very different approach to things we we are retirement planners and so for the next. Our we're going to. Give you my reasons for thinking about doing something about your retirement planning. But I don't what you did hear something on the radio. And run out and change everything has something we said on the radio because. We are securities licensed through capital investment group member of Finland Tzipi can. And everything we do on this program is relayed information home because filters wholesome entertainment. And and so that's what it's designed to do it's it's designed to fill your it was some interesting facts. That we hope would motivate you to come and visit us and and heavy free. Comments into retirement review to take a look at what you're doing devious and some completely for ways of looking at retirement out everything we do we do. With biblical stewardship principles in the forefront of our consciousness and therefore always. Start this program something from the Bible. Today owner Rita Bursch from DR and do around me 818. Just instructing us one of the verses to honour god with our money says but remember the lord your god for heat it is he. Who gives you the ability to produce wealth. That first things first. In mind ties in perfectly to their limits are financial but I never give them mixed in May figure who's gonna read. Would pursue if she if they agree that this crazy often they do this is actually proverbs 1128. Whoever trusts in his riches. Befall. But the righteous will flourish like Greenleaf. And that is applicable both on an individual level and I don't have to say. On a national level list. These things happening in our country I don't know about you and I have absolutely been stunned. By how much. The trump administration has advanced the ball in just the in the first two weeks. And of course he has the the lives just losing their eleven minor saw the funniest. Cartoon featured a picture this. You know like national news desk in the news guys out there and and he's he's he's saying. And all the controversies ended and that indeed danger continues I'm demeanor the exact part. There but that all of the all of these cataclysmic events it would appear that Donald Trump is doing exactly what he said he would do. And that is pretty much the narrative of the mainstream press that. Self. I ran across. Something this week that I found fascinating. In the Wall Street Journal. How to put pensions. Back into retirement planning so. When we can give you a little history first of wall before I read this article which by the way was written by Lee Mitchell none other than director of Pension Research Council and Wharton school. Of economics. So so this woman knows a whole lot more about it than I do. But here's the point. That I want you understand. Back. Before. The early seventies. 83% of American workers and attention to that used to be the way it was done. Well we started going through all of this melee easing Jimmy Carter in the market you're eighteen your bear market happened. I during that period until 1982. Reagan began to turn things round. And so companies begin to go out of business because of their pensions eastern airlines ran out of business member today. Fewer than 13% of private workers have attention to pensions defined. Benefit plans are called one way they were replaced by some difficulty defined contribution plan which is what we. Call 401 k.s IRAs 403 b.s 457 to all of those. TS USPs. So. Here's the point she makes. Defined contribution plans have become the mainstay of US companies. But these plans haven't been successful in delivering lifetime income benefits. Fewer than 15 of all such plans today help workers convert their plan assets into retirement paychecks. What we call it common sense retirement planning mailbox money. But what if there wore away. To put the pinching back into retirement plans. One reason products such as annuities or lifetime income streams. Are not standard features a 41 K plans is that many people don't understand them. For some older individuals. Tend to underestimate. Their chances of living a long life. So they don't take proper precautions against out leaving their assets. Others don't understand financial concepts easily and so they're reluctant to take unfamiliar. Financial decisions after all. Retirement usually once in a lifetime event. So even when workers and do wish. That their retirement plans would pay him a lifetime income stream. You're employers are not what they helped him do so and retirement largely because of concerns over legal and fiduciary liability. Which leads us to annuities. Annuities are incomes troops to begin paying out at some point in the future and continue for life. They can be attractive to retirees. Wanting to feel. Like they have a guaranteed retirement. Paycheck. Including well designed London charity into your planning. And including in new uses defaults and 41 K plans and IRAs. Would make most workers better off according to studies. Putting the pension. Back into retirement plans is sensible way to manage retirement risk. Well guess what it. For sixteen years. That is what we you've been doing it common sense retirement planning. No companies haven't offered as we have been creating. Ways for people to do exactly what she is talking about here. And yes we use annuities and if if there's anything more misunderstood and annuities I don't know what it is. Because you've got these jokers like Ken Fisher and others at their you know bang all annuities are horrible so so just. A quick I'll start this whole conversation Amylin filled Chiming in here in a minute. Here's the problem. To say that annuities. Are bad would be like saying vehicles. Are bad. Well it here's an example if you were gonna take a trip. From here to Los Angeles and you can choose either brand new Porsche panda Mara. Or of Jeep rubicon. Most people pick the pan America but what if you told them. Victor not going to be taking interstate ten you're going to be taking back to impress god and said don't turn over the back roads in that. Through the desert dance valley. Bet you would be pick in the pan American in would you. Well just like that. There are good. And very bad annuities so I'll start with the bad and then I'll flip the de Phillip and Lenny and tell you about some of the newer approaches so the in the old days. With the older types of annuities which is by the way what do pinching is so if you haven't if you're part of the South Carolina pension fund this retirement fund which is underfunded by twenty billion dollars by the way. Head and keep your denied. Here's what you have you have an old tiny pension and here's why that's a problem first of all. Most pensions are an income stream usually for reform one's spouse that some of them will give you a choice of of taking a lower pay out. With a spouse could have for sometimes all of this lower pay out. But for you to give to pay out with these old types of annuities you have to completely give your pick your lumps some way. This is called a new advertising. The money so once Cuban knew what ties to the money he eased never going to be on their worst get a taste of it again other then. This paycheck that arrives. For the rest of your life now that is a good thing to have an income for the rest your life however. Once you have a new wood ties the money. You know I have two problems 11 is as I mentioned very often. It's only an income from one person if you pass away as being militant didn't have income stopped your spouse. But as second in worst problem. Is that you never get a race. While I don't that you I've studied a little bit is from economic history here Weimar republic. Zimbabwe. Quartz currently going on in Venezuela. And I am looking at the fact we've printed four plus trillion dollars and bought our treasuries with the stuff. And doubled our debt. So I've pretty sure at some point down the road we will have an inflation problem. So here's here's why this matters so much and then on the lead Phillip tell you about a better way. Deep problem is if you only had a 7%. Inflation rate and trust me just like they lied to you about the end unemployment rate Sabin line about inflation right to defend your labor statistics. So 7%. Rate of inflation that means let's say your you're getting a 3000 a month pension payment. Seven years Chad Simpson ran it means that ten years from now. Your payment is now only worth 15100. Dollars because prices would have doubled. Meaning you better have a better pension. I talked to a lot of people. And the misconceptions. About immunities. Are out there because the competition. Desperately want she'd always take Koreas with your money. The things that work for you why you save your money in your investment plan. May become a nightmare if you go Indy retirement with an investment plan what you need is you know you need a retirement plan not an investment plan. And you have to look at. A new goodies. When you. Start talking about insuring you can now leave your money. I had. Different people tell me in different times over the last two years once and will look at. I you know I don't want my money in the market out more about. They go one up and down here and losing money ask away your your problem not a variable annuities well. You know I'm worried I'll be locked into a low a greater return us away your your proton about a fixed immunity so a lot. I don't want a nudie because I can't live Limon mine Mikey as possible lets you talk about a an immediate community. Said well you know. Some I say that they could help me with long term care and in Debian and UDS it will less that's asset based long term care you know using an immunity is the base. You say it is a very very complicated subject. But the interesting thing is we just the right type of immunity. If it works for you for a portion of your savings. You can have. A principal guarantee. Extremely low fees he can have an incumbent chief Kane out only a bit if you guys saying all the money will pass on to you children. You can have your income stream protected for inflation. Down the road so that she can by the same amount of groceries twenty years. Down the road that she do now at least that's that's what we're trying to do. But what Tony's talent he is correct but what happens is people get a they think they know more about a subject than they. Then they really do. And so and it's easy not to come in I've got an article here. This is Americans would rather go to the DMZ either and review their retirement playing at home is said more than a third of people 37%. Would rather wait in line in the DMB and review their retirement plan according to a recent Mori a financial study in addition an amazing 80% of people. Say they had not taken the time to review or revise their retirement plan within the last twelve months. And he goes on to talk about that Americans who hate reviewing their retirement do so because it's a reminder of their failure to consistently contribute over the years and ultimately achieve a solid. Sizable nest day. Well and it goes on to say they stick their head in the sand and they aborted like the plague but I promise you. They usually not as bad as you think it is if you take the right kind of approach. And it's not all the approaches not to go out there as we kid about by end. Inverted synthetic Ukrainian genes blast and fun to try to make uptown throw him pale. Hail Mary pass is rarely work out. But you know. People people are worried about a new duties because this is they tie their Manny you know they have their money up are once told a client. She had lost 300000. Dollars and her mutual funds in 2008. And was in desperate situation. I talked to her and about a different way to approach things and she heard the word immunity zone time how many. Well it was toward the end of the day and I guess I was little punch yourself and not thought it was funny solid danceable Manson maybe you do want tiger mania process last year you money what had happened it got lose half the fat and you haven't found yet. Well husband laughed and I kind of chuckled and she lived in May like you just took your news Betty had never sorry. I thought oh make it fun ever but the fact is. There's worse things and tying your mind. And you don't know if that's your I think people think they're bad that you heard that term the fact is. At least the types of things we use that you can take up to temperature you can use an annuity that type we used as a team your just like a ten year bond if you want to think about it except. The yield could be up to 10% you need to decide how much you wanna take. A detail and and the current and the principal me here and he but please understand. That's just part of the retirement process we know you need liquid Manning I spent most of the day yesterday Tony talking about. Low leveraged. Trophy institutional real estate investing in a way that we have and it's a new thing where you can take advantage of not a real estate investment trust but a mutual fund made up a real estate investment trust with these trust you can't get into the unless you have five million dollar so you gotta be the Ford pension or the Arkansas all retirement plan but we can take advantage of that with this but this type of real estate. Trust this real estate they own him this very low leverage so in rising interest rates it doesn't get hit like. Publicly traitor private reach will you know so. Depending on what you need you know we spend a lot of time talking about that was asking a lot of time estate talking about college savings plans. The never tween my accounts and 520 nine's. But if you listen to the competition the one thing that scares them the bath. Is somebody talking to you about an immunity because they know that that solves a lot of problems in retirement. Mainly the one question you have not got an answer for how long in my normal live. You say we don't know if we you know. Financial planning for terrorist would be easy cause they know they're gonna down marsh the third tier should matter you know why there you know if they're lucky you know flat. Most people don't know how long they're gonna list so why not ensure that you came out live the money. And get all the benefits of having peace of mind in retirement but don't let people Q did you then say well just like. Some people just. Eliminate. Any kind of real estate investment though in eliminating any kind of risky investment you know don't do that. One thing you need to make sure is that your financial advisor has the securities license. We run into a lot of people. That the only thing they have is an insurance licensing guess walked. You're gonna get some type of insurance product invest the only thing you can say you know a lot of towns with. A certain types of securities license people they're kinda barred from. Certain types of retirement vehicles but calls of the nature of the way they set their business. And it doesn't assigned to me it's a short walk from I can't do it actually market that is still there are no good. You need to have somebody who can take a comprehensive approach to watcher doing and that. We would like that to me yes. If you're a good nice person if you're not a nice person I have a list of people we would like to see Angie had okay. But if you if you are lucky coming in and have a review please give us a call at 180687676. A 180687676. A you can look us up on the web common sense retirement planning dot commerce CS RP dot in vote you can seven point met with the person on our team. That will show you every. Possible way that you can go into retirement. With safety in mind. I it's funny you said and I probably should done is probably. A no no but am I doing anyway. Com. Philip and I are allowed to speak for me and a turnaround there are times. When people come in. CS. And I trust kind of the holy spirit to give me guidance step on item. On everything frankly Brit. If I get it checked in my spirit about somebody and sit down with meaningless for the first time. I do in this more than once I'll say you know I'm probably not the right guy for you I am really not I think you ought to find. The cause of days ago. Film and I have some T nicest people in the whole world as client. Because we weeded out a lot of good the bad seeds in the in the midst of all this stuff. Cell of course Laura Crawford is one of ourselves as an and I think we get some really Smart good people with a and our coffers here today and in. Because she's a woman. She had some really good idea issuing to share with you today about things and how a woman can approach his retirement planning. But pinkie Tony and you're right I am woman I noticed as I could tell immediately. And I am a woman concerned about retirement as well. Not only do I talked to a lot of people every day in regards and they're bringing in some of employment. Take. Pamela and how that I feel feminine sometimes. You're dead that's way more in from out here arm and okay thank. You don't look at them. Team that's good thing so. Anyway. I myself have been thinking about retirement and and I think a lot of it has to be I just turned fifty years old recently so. I'm looking into retirement Sunday to use so cross this article that I found to be theory interest in that I thought I would share with you today. Is from MarketWatch in about 83% of women are not saving enough for their retirement mean needs compared demand. Of only 74%. And there's am several reasons for that. The reasons are. They have a longer licensing and women now live man week we've heard that a lot. And unfortunately they sometimes get lower salaries even though am strides are being made towards that. They have less time in the workforce is not in usual for a woman to take time off to care for their name in many of the young children. And they have more time that there care giving the united Amy take off work to care for an elderly parent. Things of that nature so given all that women need T you'd think about dare retirement especially if there and unmarried. And what they need to do about that. One of the biggest things is it just don't beat yourself up about it I mean things happen in life. And there's a somethings are outside of your control and what you need to deal is just remember that it's not that you're doing the wrong things sometimes you have to do the right things for your fame ring. But just to admitted in the need to make some strides towards that. And one of the first steps need to make is to map out a goal similar to what you do you probably in your work life fifties. Worked at a job you have goals that you're supposed to attain. Every year. Com so you could also ride out some goals related to use your retirement. Ink come visit a professional to talk about those. Because we can help you with that I can help you with that. So hiring a professional will be some guidance as to where you maybe lacking. Where you can make up some of those shortfalls. Because. You know there's a lot of us. Women that are beginning to enter this industry. That are focusing on the needs of women and what they need to. And it's is became. One of the fastest growing areas in our. Perfection. So we have many strategies that will help you whip around your long term goals that are anything from. And the things that Tony and Philip had mentioned to other things. Any need to be created about savings you know there's all kinds of things that you can do you that well helped you say. Am and one of the big things to do is to create yourself a spending plan. Now people don't like to hear that because that's the work and by Egypt they don't wanna make a Baigent. But sometimes when you have a short ball you can create a budget. That will teach you there in a very short period of time so. So. If you wanna come learn more about what Lar is talking about. And many other things that is what we're here for we are we focus on one thing only we are retirement planners not an investment planning retirement. So please do yourself a favor. Don't let the unexpected rob you of your future CS RP dot info. Welcome back to common sense retirement planning this is Philip Allen with Tony dale. Today we have Laura Crawford with us. And or was talking earlier about some of the special needs going in retirement for women. Laura and me have Rebecca Kincaid and our office they can. Addressed lose from a woman's point of view. You know I went out to. San Diego with Laura. And the the interesting thing about it was Tony took. Sabbatical here and didn't go with us out there and it was kind of interesting that. We had a special speaker the first night Magic Johnson who turns out he's a better businessman who was basketball player owns a 125 Starbucks and insurance company. And but he talked about one of the things he does when with he is in maintained that he's working and we as he says he does a thing called swat. As the communities and we do we do a swat now are really understood what does that mean. He says we sit down and we look at your strengths your weaknesses. The opportunities in the threats and really you know on retirement planning we really do the same thing. I arrange the article listed paper the of the DMB then come you know coming to see a sick Thomas of retirement planning. People when they're done they say thank you it's been a pleasure we had a good time you know we design it. So you can have a hot cup of coffee it's not something that we're gonna come there and try to demean you work. Tell you haven't done the right things. While we wanna do is show you every opportunity will pay marchers strands are your weaknesses will show me the opportunities and we'll talking about the threats. But when you have a plane and you're gonna feel better and you have to make the effort to give us a column in that. The plan and who will switch you from swat. To swine sleep well at night. Have backed by that's fertig units what is wrong. All right. You know I love working with Tony we were we were. At lunch. The other day and Tony was tongue which I met triumphant in politics on he can't talk about President Obama. And acetone he's not the president anymore you know in. He can't say Impreza Obama President Obama and house he's not the president anymore and I thought he was losing it tells him and he was talking like he was still the president and end and process Tony I just stopped him message you do realize. He's not the president anymore he's that I do but he's an I'd just love hearing you say he's not. They just had me saying it all over again so but we Tony and I when we don't get to have lunch together we miss it because. Is just nice to be able to work with your best friend we're out there in San Diego the other entertainer was Dana Carvey doing all there's imitations of trump and this kind of thing and we we really enjoyed what I tell them why you went to San Diego for crying out loud we went to San Diego to receive an award. And so I had is sort like the Academy Awards I had to say I was there to accepted for Tony but Tony Mac. Worthy. A number the fifth. Tom how you would put a number five in the nation for advise thanks for advise music sale which is a a big deal were big fish in their little pond maybe that is yes nice to be recognized by your peers. For your hard work and the reason that we're number five is but also many people in the area have come in entrusted us. From BMW and Michelin and lower us a bit about the radio we get a good signaling Gaffney and raw often and we get people insects such often you see there's a North Carolina boy you move to. Not raise ten or more per joined Shelby in our city North Carolina. While mom they admit it's me and dale and that I don't have. I think my mom was from the mountains of North Carolina just don't throw this out my grandmother's name was Belmont ten. KO NA what she data pneumonia when my mother was Wales but she had married my grandfather will merge. And you learn from mountain people. Well mr. Byrd after his can and add a married again and he married to Ruth crew. So every year I get invited to the bird to incur a reunion and union mills North Carolina. Kansas the budget animals up there and Baghdad and you know what I'm proud of being. Morning Gardner-Webb colleges and and went to Bob Jones University eco they had that I can go to any school I wanted to as long as it was Bob Jones University. I had the craziest. Realization music I'm not joking couple days ago I was I was literally in the shower has that guy shower and went. It and McCain McCain moved here from Texas in nine DT. Irish I have been here for 25 years I've been doing radio TV and financial planning in this market to 25 years. I cannot even believe it when by the fast as crazy. Analyst let's listen handed god was out there and I was. Looking at me and the men's journal magazine near the day and had the top two in places to live in the United States. And Greenville, South Carolina didn't wanna have in one of the others those Carlsbad California. And you say that cost of living in Carlsbad California was 98%. Above the national average. And rainbows. 6% below the national air doesn't Willis is going to be in the top cannot take the one that caused the living his. Hey man we'll listen I'm we haven't talked a lot about what's going on in the larger markets held. The market shot up early when trump came in and end and were look we're excited we love a good he's doing well but I want you to understand. The Donald Trump can only do so much. He's got some great ideas I think he's got a great team and I I think given time. He can accomplish a great deal of good how ever. You must understand Nick's he is inheriting the worst economy since the in the war war to. And there's a lot of being written about this and I'll give you some some. Inside here this is I'm I'm reading from the writing and Jon Huntsman and you may or may not knowing him he's like a an investment superstar. Can but he he's really good. So this is what he shares historically reliable. Valuation measures. Now approach those we haven't seen since his 2000 mobile. And yet even that comparison really overlooks the fact that in 2000. The overvaluation. Featured. Basically very large cap stocks that were breathtaking thing clearly overvalued. While most of the stocks from more reasonably valued. In many ways the current. Speculative and so is far worse because now all. This is extended to all. Risky assets. So a way to look at this is is the median price to revenue ratio. So if you look at the S&P component stocks is now is succeeding in just over 2.4 five. That is easily the highest it has ever been in history. And for perspective the longer term normal for that measurement is 11. Point 022 point 45 so. It could even retreated to say one point three for example. Which we've observed many times in recent cycles. That would take the stock market to nearly half. Over its present value. And and this is another thing much of much of this election has been about jobs well one of the reasons to share prices have risen so dramatically. Relative to the revenues of the company's. Is that corporations have been earning a lot more on each dollar. Then they used to and how by squeezing their workers. With less pay this is a shocker in this is why Donald Trump got elected largely. The decline in labor share of corporate income since 2000. Is 545. Billion dollars less for workers than they would then they had been earning. That is shocking. Now a lot of that has been due to offshoring which of course Donald Trump is addressing in a major way. Well for stock market investors. The scary thing about bad. About the same balance between capital labor. Is that it's only temporary. So as the details in the magnitude of this scam have been exposed to political tide is now shifted. So fed up US workers have installed in any free trade administration that's already beginning to tilt the playing peel back toward the domestic worker. At the state and local level calls for higher minimum wages are being heard nick at that point. So. Because of this. Is pretty safe to assume that. What is going to develop will be serious inflection point going forward. And it could be. Not just to return to the 1990s. But he did that would cut the average US stock market in half now. Here's where the rubber meets the road for you. If you're in a typical total return stock and bond portfolio which are 41 K or you were. Friendly stock picker advisor guy. Are now. Then you. Are going to be vulnerable to this. And it isn't just stocks by the way I've another headline European bond bloodbath that's another story of Erica time I'll get to me here's the point one make to. All of that is about investing you pay a fee to somebody different mutual funds are fi only advice or whatever may be. But you get to take the risk. Our belief it is. Let's get the risk out of the equation entirely opt front. Let's make sure. There was at least a portion of your assets. There is no possibility of losing money but. There is a possibility of making it during periods when markets are sending. End locking the gain in when they go up every year. But there's a better part of a member is talking about pensions a little bit earlier. And using bad growth in using that principle then. To have a guaranteed income stream that continues to have an op opportunities to go up overtime and address inflation. That pardon me. And any income for husband and wife. And I did benefit for your beneficiaries. So if that is intriguing please go to CS RP got in folk make an appointment with a common sense retirement planning team. There's an article here from. Zero page nothing is so uninteresting has a pitcher on the cover of the Wall Street Journal a marsh the thirtieth 1999. And the big headline is Dow Industrials top 101000. And then underneath it is say is if this is a bubble it sure hard to pop it sure is hard to pop. Well. If you're a recall it was a major milestone. And investors cheered when the market reach 101000. A few investors however were concerned they felt that the US stocks are too expensive. The entire market was in a dangerous bubble. But the Wall Street Journal answered these naysayers as the headline on the front page say that this is a bubble it is sure hard to pop. But on January the fourteenth 2008 Pete and then it started a horrible two year decline that wiped out five trillion of wealth from investors. Yesterday the Dow Jones industrial hit another major milestone 20000. He might have heard that sound champagne bottles being simultaneously uncork Reggie Miller and traders. But dal 20000 she give any rational and Mitt may jewel Paul's to reflect on the possible consequences. The single most important characteristic of any investment is the price when you buy and it doesn't matter how spectacular investment is if you overpay for you have no margin of safety. And as the market affirmed yesterday US stock prices comedian Chris expressed in a single word expansive. And US stocks right now are selling at the highest price to sales ratio at least fifteen years. Similarity that. Cyclically adjusted price earnings Horatio the US stock market is now at its highest level since 2000 crash and higher than it was before the 2008 crash. You know perhaps they go up forever or perhaps an astute investor should start looking for a marred. And of safety are you saying well you know it came back. Yes but if you're in retirement is not the fact that he came back is the fact that it's so volatile that can dish Troy your retirement is called sequence of returns. In fact if you're taking money out of the market when you go through this disaster in 2001. And two in 2008 you may be broke right now. That's what you have to understand. Is the thing. That you have to worry about are these a big price drop in the early years and that's been the history of the market once ever seven or eight years. Going back in almost indefinitely. Please if you ever thought about wanting to know how to be careful in retirement if you're 59 and a half there's an opportunity to move your 401K most of the time to something safe. And still contribute to your 401K. If you had any desire to do that please now's the time when the market is that this 20000 peak. Give us a call 1806876768180687. 67687. But common sense retirement revue with one of the common sense retirement tame. And we will give you every opportunity. To. Just opt out of the next market correction how does that same. Felt good to me to actually what I'm doing and market correction is it coming I I read a moment ago. Jon Huntsman say and Harry didn't know they're a well known market prognosticators. Have been pretty successful and says this. All four of the cycles I tracked. Point down that is only happened in the mid seventies when we had the worst stock crash respecting an and the OPEC embargo. And the worst set of crises since the 1930s. But then there's demographics. And that. Just happens to be the most important cycle in this modern era since the middle class only formed recently. The only Vince's forward to that the every person mattered. Because now they have 5060000. Of income they can buy homes on thirty year mortgages are a lot of money that was the case. Four degree to press forward to yeah and based on demographics. We verdict the US baby boom would will continue to peak and our economy will weaken. Indeed in 2008. And we've been living off quantitative easing ever since. Listen to this. The problem our nation faces is a serious war. We have now appeared in massive speculative bubble. With an errant Pandit has every prospect of creating disruption in this bubble. And steep financial retreat. Was already baked into the escape prior to Trump's election. So the concern. Is it having reached this precipice. There are few policies that have the capacity to me. The consequences substantially better in the long term. But many of these outcomes could be substantially worse. And when this happens. When the completion of the full market cycle begins. The value of having an advisor. Vs a 1800 robo advisor will become readily apparent and then he's got these charts I can't share them to you but this really brilliant. It shows the growth of online trading I get a big kick out of this and that I don't heated advisor I'm a genius success. And then it shows is crashing says won't help where's my advisor who shows ETF proliferation. Hey I don't need anybody. And then it shows or the credit collapse what happened to those things. Pay help worst my advisor. And finding the launch of robo advisors. And when the next bubble happens help where's my advisor let me tell you something here's advice. Come get some. Advice. For months and soon. If you are anywhere close to fifty years so it is time for you to be thinking about this in my gosh if you 59 and a half for older. And you still have your money sitting in a 401K. Taking risks or IRAs or something police. Secured him. Build a building hedge of protection around what you spent your entire life creating. And we'll show you how to do it so your money won't lose you won't lose money when markets do crash and they're going to happen at some point I don't away and release prize will see some pretty wild stuff this year ago. And we can show you way to secure what you have and still have a shot a growing yet we're we're not talking about. Until onion do either you put your money and and earning thing and and and him. But more importantly if the point you decide it's time. To drop the hammer and you're gonna start taken income. Instead you taking the risk of seeing 4% would draw already market loses 20% also in five years later your run anatomy income. We injury had to have a guaranteed income for life for you and your spouse and leave whatever left you're Ayers and attacks efficiently that. Is what Scully retirement. Plan and since. We had common sense retirement planning team were the upstate regional retirement planners. My usual deal with the list. These are awarded number five in the nation I guess we must be. Pretty good to do and hands and we sure loved helping SM brand and by the way that's just telling you the truth ME Adrian take somebody like I struck many heart disease. My heart disease and I think you need our operation was first thing I'd do it. Who's the best guy in town who's been doing this longest who's who's the expert bad. Well. That's what you need is you need it second opinion on your retirement health so. Go to CS. RP dot info on the web and check us out. Tony's. Interest in what you're saying you really need an advisor who. We we want you to mere clot we're looking for those good people out there we meet some of the bay SP we enjoy working with their clients. But don't take this and all wrong way we don't actually need you to be here client you don't wanna work with an advisor who needs you to work with via. The fact is we won't choose to work with us if your right fit for us. And now you like court you're hearing and believe that we could lower the financial anxiety you have the and we would love to have you as a client. But you know we're going to be on the radio next week where do you give us a caller not because we have a successful we have a mature firm we don't have. By our di culture. What we're looking for is a relaxed. Relationship. But what we're looking for for years for you to tell us one basic you know I used to worry about this all the time. And what clients tell us as you know I just don't worry about anymore thank you for working with us over the years. We. We've been accused you know we're trying to sell careful we've been accused of trying to sell fear it is so funny when people tell me that us itself fear. I said lose it when people come to see us that are in a traditional unprotected. 6040 portfolio of stocks and bonds. There are already steered Whitley it's. That's why they came to say yes you know we had to sell the fear they already bought the thing here. OK they're trying to figure out a way to get rid it. And so you know when we show them a way that they can have reasonable range returned safety guaranteed income they came out only have protected for inflation. You know people to set there's a man blocked. Why am I not heard about this before well the biggest reason is that in college before. And so there for you coming you gotta give us a call 180687676. A 180687676. Say or listen on the way have a cup common sense retirement planning dot com did I get that number around you know he had a right or CS RP got in for CFO RP got an anti going to the dentist. Last week. I had to have a cap on one of my teeth in that I'd never done that before they have to grind down the existing tooth and so he bit the gave me a shot well shots work slowly on me always had you know it takes a long time and he is couldn't believe he says gingerly field. They a new. You know so he gave me another one he said as you live feel facet nodes or minority anyway he thought rescued him or not well he got into it boy. Back came out of the chair so he gave me another shot. And finally it was nominee that he can do is work well. When I got to the car about ten minutes after that I got the full effect on announce Ayers is like. Monday was not always down in my shoulder you know lowest our accent you have trying to keep my hand have to look at the front window of the car. But I was just thinking you know it is Cadillac the market. You know we grow numb to the risk you know is it the egos along just enough that well you know maybe. Do you really think this market is just gonna keep going up in definitely. When we had a massacre in 2001. Into an another massacre in 2008. And you're right now setting in retirement at the verge of retirement. Do you think ish but we don't we do groan under the risk maybe tribes on a fix everything you know I hope we fix a lot of things. But look don't grow numb to the risk have been less pain. That should give us a call and give us a chance so that we can permanently. Fix the problem. Not just numb. You know you don't wanna go through the pain that you went in 2008 had you do you do something about it. 180687676. Say. 1806876768. The call and talk to someone on the common sense retirement team. Maybe you'll get looking at more. He's that would that would be of a fortunate thing I just remember something we and dog at least he's just now when you log me in use in years. I'm shark cage investing. He's got to it's kind of what we used to be uses an analogy that Betty if you if you knew. That you were gonna go out and in which we've done. Or risk swimming with the sharks without a cage I might add that a lot of fun well. But I can't give it really brings this analogy you know. So if you he says okay there's a great white shark we baited the water and he's there. You had a choice you've put on your scuba gear and jumped in the water and free swim with the shark and you get up real close and you see just really look like everything. Or driven get an AK each and go down in there and watch him. Well most people given the choice is swimming in the water with a great whites are going to choose to cage. And a 8008. Was a great why sure. Yes it was a big and so so our approach is what we call shark cage investing we build a cage for you post safety. So you can you can see Sharkey it's out swimming around Blake you're not gonna get attacked by. Where is if you're out there just free swimming and you had no protective element whatsoever. Wilkie who knows he may just not be here with this the next day they may be going home one person short on the boat trip home. So. We can build that shark cage for your retirement plan. This trust me we hear of women all of us when it comes economics in shark infested waters right now. That world markets to get this thing is. It's you know when you are I'll turn seventy this year when you've lived as long as I haven't been messed around with this stuff since the early eighties. I've seen a lot. They're typical with the typical retiree will experience three to five bear markets during a typical retirement three to five. What's gonna happen if you're did you do indeed what your bra advisors and you've just got this portfolio stocks and bonds and you've taken 4% income and everything in the market crashes. That's why people run out of money we can fix that problem. Well. We can fix that problem if you want to join us in the process of us fixing your problem. But daddy's going to require some effort on your part because you gotta be proactive on this thing. We're not the point where were out there haven't beat the bushes for business. So so you've got to come yes we're not gonna find Jew and therefore. We. Urge you. Now before them and take advantage of the market it's gone up blocked it and a shark nature pounded. Go to common sense retirement planning dot com easier actually. CS RP which stands for comments entered arm planes CS RP got in post same thing each and there. And you can call us to 8676760. How every you get here. Get here and don't put off people keep put an offer of Phil was Tom matter earlier. Don't do that because when he starts happening things develop slowly in economics and an happened suddenly. Don't get caught in the suddenly part that's when they did its sharp turn dress when try to you sample. Don't let that happen to you. Thank you for coming in NC and us last week we look forward to where new clients. Give us a call 180687676. Satan and we'll see you next week.