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Common Sense Retirement 2-25

Feb 25, 2017|

Common Sense Retirement Planning

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Automatically Generated Transcript (may not be 100% accurate)

Anna good morning to you welcome to common sense retirement planning and Tony gale with my partner and best friend Philip Allen and Rebecca king case one of our. Common sense retirement planning team who get some Smart people on our team we may go to the Super Bowl I don't know. But did any rate we're happy you're here and if you've never joined this scandal mean to be kind of the group. Thumbnail what what we do in who we are course of the show was the original retirement planning show where the upstage regional retirement planners in and week. Are concerned. About getting you through what could be 23 years to retirement which was number one not suffering losses when we go to be bad market downturns. But doing well and getting good reasonable rates return when markets are going up. The most importantly we don't want you run out of income so everything we do. Basically is geared to things to do with making sure you have a happy stress free worry free fearless. Retirement. Now what we do we do through capital investment group member of Finneran said paper securities license to an end we don't want you there afforded just take something year assay on the radio and do something rational and change everything just because we sort of says something that caught your attention. We therefore offer. A complimentary. Common sense retirement review you've come to sit down with this week ask questions take notes learn about you try to figure what's the what's the best thing for you. Everybody just has her own situation. And I mean course you just go to CS RP dot info you can call us you can make employment. Com we also. Have always. Looked at what we do and is teaching people be good stewards of what god has given them and we always because of this start. This program. Was something from the Bible. And this week I'm gonna give the first last week we allowed Rebecca to give a verse for the first time machine revenue it the the radio here and she gave a Herschel has a cap which turns out not to be in the Bible. I think that had. I am done yeah OK yeah it pays and hear on the radio. Oh and shouldn't play tricks on people I'm sorry. But today. He bruises definitely in the battle he roost three. Excuse me he bruised thirteen five and six. Keep your life furry from the love of money and be content with what you have. Four he SA and I will never leave you nor for sake he's so we can confidently say the lord is my helper I will not fear. What can man do to me. And I'm reading from first Timothy 617. Teach those who are rich in this world. Out to be proud not to trust in their money which is so Enron. Their trust should be in guide who actually gives us all we need for our enjoyment. I'd have to just safe before we can get rolling here I had an interest in week. I had. It's any number of people who came in they were going through. All kinds of difficulties when I'm one born my clients is Weis leaving him after thirty years now the guy young guy. Is going to have to have a long transplant. Just lovely people another woman lost her husband is sixty when he was 61 just drop dead. Laura that's or roughly what you there's more I mean that that bash just election might go home and hug your wife does and will it bad but yeah anybody but yes it does. But pretty it really hit me this week did go we talked to people about. Economic things in retirement playing him any of course as white people come to see yes. It really it really mean this morning or this week it dead it. God gives us opportunities in our work to. We do this a lot I know you do too felt we we pray with people we tried to give him godly counsel on things had nothing whatsoever to do with. With money. Because. It is it's my belief that the only wealth that really matters in the end his relationships. We've gotten people left time which we have a limited amount of that. As I near seventy this year and it certainly has become aware that. And and your health and I just keep seeing these these things happening. But I do is it going back to the Bible verse eight the only constant the only thing you can put your trust in that really matters in the Indy is your trust in god. And if you choose to have that perspective in no matter what the circumstances. In your life far. You will prevail you get through. OK so let's begin to some some of the headlines you know what one of the things we say about this program is where the alternative to the mainstream financial press and being a talk show host by nature a we I think we all pretty aware infect every day we become more aware of just how biased and absurd the mainstream. Political press is the source the mainstream financial press because if you went and watched. Your typical. Chose on it. In missing BCE and read money magazine and one thing rather all you're gonna hear about a market general denies this is an okay. But we like deep below the surface and see what some of the smarter people in the investment world are saying it isn't being. Remedied by the mainstream financial press. Well Jon Huntsman if you know anything about investing it and I mean you know very well known. Wrote something very interesting. He says that there is a major inflection point coming in behind him and I. Can come marking tailor my mind is. Our Jason Israelis and historically reliable valuation measures. Are approaching those observed in the 2000 bubble peak. Even this compares. Overlooks the fact in 2000. That overvaluation. Featured a subset. A very large. Cap stocks. That or breathtakingly. Overvalued while the rule most of the other stocks were more reasonably valued. Well in many ways the current speculative episode is even worse. Because now it is extended due virtually all risk assets. So he gives comparisons you can have some sense of proportion here. So the median price to revenue ratio that's different from the peony. Here's its historically. Been less than one from one. It is now if 2.4. Five which is the highest level in history. So dole is a longer term norm. This price revenue ratio is around one. If it was even to retreat to say one point three. Which has happened many points in recent cycles. If that we're happen that would take the stock market. To half of his current levels. Could that happen well. For stock market investors the scary thing about that imbalance between capital and labor. Is that it's only temporary so it is safe to assume. Any serious inflection point is approaching. Now what might that mean to you got a bunch of golf leader who can way I supposed to some of you but you got this 401K you've got his. Where this investment plan that with a bunch of mutual funds stocks and bonds and asset allocation and total return in all the rest that staff that did you have to. Either through an advice or may be at work through your 41 K plan you're thinking. Men don't kill him it. And it Trump's plans are looking good and everything's going to be good wealth. Keep in mind and it did this this. Runner up in the market since the crash of 2000. Hey is. It's like it never even happened to people people of people have short memories in this kind staff so it's been ten years now strike. So. The here here's some perspective the ten year. Average. Compound in return. A new shares. Four point 9% a year above inflation. Beginning may 26. We delve into those figures. They start to look not only good because US stocks only be bond returns by three tenths of percent. A year over the last decade. So if you if you just look at US history. This is actually not that big a deal but more importantly what always happens in the end is cycles change. Our goal is that. We know what you get caught and what we'd like to do is show you way to lock in whatever gains you have at this point. And so you never lose and so to market tanks tomorrow you're good. But more importantly. Give you an opportunity to make money when the market is running up without losing it when we have major corrections and secondly we want to make sure. In when you actually retire and begin to take income from whatever you have. That income will be. A certainty he will be guaranteed income it will be for you in your spouse. And you have the opportunity to get raises in the income alike one of those old annuities. This actually will give you raises every time you get returned when a great return you get an extra year race by that so. If that kind of security appeals to you your heading toward retirement and he should please go to CS RP. Got in postings for comment since retirement planning CS RP dot info check this out and come see who won't cost a dime. And if you've ever thought about looking for all the ways to you has some peace of mind in retirement and keep your money safe. Now would be a good time. A minute this a long time. And this is at a zero page. Chris Martin's son at peak prosperity he says the mother of all financial bubbles this is the very definition of unsustainability. He was talking about that. A lot of these crisis the government is abundant downplay it say is not going on and then finally and when things get out of hand they finally admitted. He said were now living through the mother of all financial bubbles we've been living. With it so long now that we have to take three jazz this backwards to even detect its broad outlines. As a reminder of bubble exists when asset prices rise beyond what incomes can sustain. Fart at Florida swamp land in the when he stick stocks in the nineties or Toronto real estate today are all finding examples of this. The US government and the private banking cartel known as the Federal Reserve in cahoots with the very compliant and complicit mainstream media. Are doing everything in their vesting and several prior to convince us that we are living in the golden bear. Of risk free prosperity. And that tomorrow will be even better. Says and so he starts talking about things like infinite growth is impossible. He came preacher way to prosperity. You can't grow your day it's faster than your income forever. But the conclusion. He says is simply this. He says. This is. Primarily. A bubble and they hit the bond market. But it's making new bubbles in real estate stocks and a whole slew of other SA classes were created. When these bubbles burst and they messed. It will be a massively destructive event there'll be literally nowhere to hide from the repercussion is you simply cannot count anyone in power giving you anything like that timely warning. Are useful advice and advance. You need to find accurate tore trust worthy indicators on your own and then decide how are you going to position yourself your loved ones and your wealth accordingly. A common sense retirement planning we wanna help you do that. If it's hard to do that on your own. But we want to show you where you can position your wealth accordingly. Not to participate in this next bubble when it vs. Give us a call 180687676. Say. Lucas Obama way a bit CS RP dot info. One of the things we talk about lot in a big guys lovingly go over these articles and they get into a lot of the technical stuff but there are other things considered too. Let's just say for a moment. Let's just imagine for a moment that none of the things that we talk about happen. It doesn't. Let's say that you're out in the market you're swimming around an investment plane that your making look like retirement income plan and none of this happens. Just for a moment. Something still is happening T psychologically. Now I'm not saying this because I've experienced it on two young steal back and saying. What I've seen day in and day out in meeting with hundreds of clients. Year every year and what you see is if you don't leave yourself personal permission there's always that nagging in the back of your mind well it hasn't happened. But it could happen but it hasn't happened so I shouldn't stand. So making a shift to lean solely on financial capital does not secure funny to capital is going to be a big shift psychologically. In a by the way. Many people out there have the investment playing your 401 k.s it Tony was talking about. And got a dodged the bubble he got a dog rob Bob and weave to ease of boxing term. But if you can eke out of an analogy count again now if you are in a dark Graham. Talk about this one in my workshops if you're in a dark Graham and you can see your hand and party your face. Near an unfamiliar rain which represent retirement and you can't see where you're walking. Just imagine how you walk. Do you Walt deliberately. Or do you Walt theory timidly. And very. Very slowly and you don't enjoy it because you don't know what's in front of the I don't know and you burst of church and do you personally your pinky toe lock on the corner like you just cut the corner too close and that hurts. You don't want that happened you because you don't want the pain of that. He can't say you can't walk with confidence. In her brain where you tee it seat be don't know what's in the brain to be don't know what to expect. And how you can navigate the rim could you don't know what's and it. That's what retirement looks like and forget the money aspect of just what it looks like. Studies have shown over and over again specifically the first two years of retirement. They're the hardest. Because you've been conditioned. Your whole life to say. So opinion not only have to go into darker and you don't know what's in the air but she also have to prepare for retirement are switching from saving. To spending. Switching from saving your entire life to keeping condition to do to spin it. In doing that is not as easy as it sounds especially if you don't know what's in the right. Well said it and end it is. Want to freeze and I mean we of course we want you to come see as. But there's a well we wanted to come see us because we have learned. Through how how many how many years of total experienced we have commons is retirement planning when we count everybody hears it's certainly something even something that. But almost as long as I've been alive. And now we all sixty a new on ten. And when I was looking at you. So you are doing is 18 years before your morning yes I own amazing that's impressive it is meant that the deployment to make series is that it was she's talking about so real and we we have experienced. In how to shed light. Into the dark room that she described. Because. And really it is I just like dad once people get what we're doing is like light goes off. In their head nickel rule. Out a one of the most common expression how many times do you guys are just. Why isn't anybody we showed me this before I should fight that was sure to come to you five years and both times I mean that is honestly one of the most common. Things once people understand what we're doing their same old this is anyone really gets right so. I can make money when markets go up. Chris has won a harder but I won't lose it if we go through another oh wait no he won't. Well an end unlike taking anything just taking withdrawals which is what Rebecca we're just talking about institute withdrawing money learning spin. Armed. If I if I do get an end markets go down. I'm not gonna run out of income. Like I would've it was my portfolio before note. No once you start taking is income it's a guaranteed income for life for two people for feed a hundred years old yep. And the unlike. Those old annuities. Peer he's. And I'm never gonna mutual funds you know isolate goddess of the elders on them. The united unusual is going to him. That is so funny to me because because of annuities are very complex complicated things. But to say did a new lease your man would look like he's looking out here in the parking lot at W or DNC they're all these different types of cars and cycle. I'd venture wouldn't want that one. But that it would do real nicely they're all vehicles but they're different cell. Anyway but my point is this week we can turn on ally in the dark room. That will sustain you through direct a lifelong retirement. With it with income. Raising your income and then this the other wonderful thing and whatever is left to your passing when you go home to the war. You can leave it to your beneficiaries and and it tax efficient ways. We usually have you all that stuff. But it isn't something you're going to be able to do on your arm. Any more than if I had that have. An operation then I wouldn't be. Please go to our website CS RP dot info or call us 180687. 67 succeed we don't care how you get your just did here. And think about what sit about a dark room. Terry and I had just moved into a new house we just the first. House who are being in that that we built from the ground up and Al that we just blew DNA and you know I'm used to get that kind of half asleep at that in. I don't know where the lights are in the house and us are out running in the things instead having that oh yeah and they let out yeah I'm half asleep you know but I. I got to the other that the last night in. When's the bathroom and Disney went out the door of the bathroom light came on I thought it was pretty Nash knows them come on he's led in Howland back in now. And got back command told Terry you know that out a lot that feature and should himself thank you. Rush I hit my Nazis I'm season average in this somewhere but anyway and. Yeah like come on in your back turn. When I opened the door to the bathroom light came in having your real bad for a missed on emotion line to path now it was a joke I was gonna have went like that thank you and I would joke very much thank you we don't have as we have well I don't know this is facing house it might have liked it when you walk in the office. Say technologies wonderful you come in our office you walk in the door lights come on that's in our office don't like economy. This is a nice house fancier houses are at the cliffs of class I area until. You Rebecca. Yes we were both before we were on the aired a week you assurance and some fairy interest in stuff with me. About a new steady. I wonder if you can begin I'm sure that the audience is so that some pretty interesting stuff from one to Boston college and. Yes Boston College did a study. And eighteen in a here's the other thing you know. This is no yet Bill O'Reilly said just no spin zone that the there's no notes in no sauce here this is called it's through the Boston college's center for our retirement research at Boston College which definitely piqued my interest. Specifically it's the end our our I've. So that Akron and easy national retirement risk index. Lost solace and a outlook could not what does that name. What they do is a measure. The percentage of working age households that are at risk of being unable to maintain their pre retirement saner living in retirement. I it addresses one of the most compelling. Challenges facing the nation today. That means insuring retirement security for an aging population. That is what I focus on they look at different age segments says at this what are about it or account for you are the key. Findings. That the NRR I chat. Specifically. To retirement landscape is shifting dramatically making the outlook for retiring baby boomers. And generation actors far less happy than for current retirees. 52%. 52%. Our risk of not having enough to maintain their standard of living in retirement. And there are things they need to consider. Including health care cost in the future. Saving more and is all of this saving more and working on her longer makes it actually improved outlook well how well. That's like such an easy fix buyers are aimed aid in that have a gaping wouldn't give me handing. It is it's really silly sometimes when you see these articles about how to improve your retirement out blew the call or longer work longer. Don't retire. You know. That's not retirement lasts only as far as you know travel you know demanded that the retirement MIK with that we had to differ retirement in mind for. We didn't sell it we are getting close to break let me just remind you it cost you nothing. Currency yes you know charge you for a visit we we we will put together some ideas for you we will show you completely here's something like I said earlier. Why didn't anybody can show me before alone most cases did you didn't show up and aren't. So please do that got to do common sense of retirement planning its C is RP dot info is the simplest way to get there on the web CS RP dot info you can call us. 806876768. Make an appointment. Come see one of our common sense retirement planning team. And we can show you an entirely. New way to look at retirement so you don't have to be thinking about spending last not having fun during the rest of it. Stick around we got some interesting stuff coming out. Welcome back to common sense retirement planning this is Phillip island. Here this weekend with Tony dale and Rebecca Kincaid. Comments and retirement team. If you'd like to give us a call. 180687676. Say for free common sense retirement review. A look at some on the way a bit CS RP dot info. Or feel like the type common sense retirement planning dot com. But here it. Common sense retirement planning their broker dealer is capital investment group member Finneran septic. In any idea as you get from hearing us on the show today there for discussion purposes only we don't want you to take any action until we. Sit down with you and look at your specific situation so we can tailor make a plan that is specific for years. Now. We want to. Sort of help you enjoy your retirement were talking earlier about. And enjoying retirement not just having this sort of not mayor after you quit work it needs to be a a celebration. You know when I had when I back. Oh when are retiring now don't have enough money to travel on take here are my children. I wanna avoid taxes you know one of the things that we do I'll talk to about that in a minute is. Helping people avoid taxes. We don't evade them but we want to avoid on the difference tween evading taxes and Bordeaux my Hurd was fifteen years in the federal penitentiary. So but we efforts. But here's a here's problem we believe especially for younger clients one of the biggest. And our older clashed relate to one of the biggest threats down the Ruud. He is. Taxation. You know when you go out to eat this week in and year PF Chang's and you're getting the lemon chicken. Whatever they have. The people around June buried in the same thing you bar. It's kind of scary to realize that the difference between the AM in new a lot of times is there the same age and they don't have a down saved for retirement. And their make it a 100000 a year and what are they gonna do what they're gonna won't jewel worse. Through taxation. If you don't have some kind of tax plan for that. There is a whole class of people. You know. Donald Trump trying to avoid illegal immigration that all they wanna do is come to America India free step Tony we've had. Rebecca and I am has something in Rebecca has had a few seminars lately. And we have some people that come to or seminars. They changed their name every week and they come to the seminar. Just to get the free food and they'll coming in and I and and they've changed their name and a hair dye their hair and a half. And this I mean they come every time and no shame. You know no shame they just come and you know if he say anything to him they just ignore you. But day is just they found another way to get something free without work hang on I've got. I've got a solution. I'm ready because we needed salute you and the wall. I don't know the law bet it. You know in these. The whole class of people that we have. That won't free stuff from the government. They expected from you how many taxes do we have to pay. You know you look at that the gas taxes and a you know he just go down the list of your property taxes and you know start with federal and state and you know taxes. And how much of that check. Goes for people that are just warning free stuff we'll you've got to kind of protect yourself and build a wall financially. To avoid onerous taxation down the road calls one of these days they're gonna let Bernie Sanders. Now and you better have set that up if you wanna know all the ways to pass your money on the most tax efficient manner possible to your children. Then give us a call 180687676. Say. Tony. How do you just it is only diesel can tag on what you're talking about. One of what it is in something that's been hot but not mine I've talked about a on this program and also fill in for Bob McClain a lot which is did the call the silver tsunami. These dim of graphic. Changed it is just beginning is going to profoundly. Change the dynamics in this country because our generation of baby boomers is all. Starting to hit retirement age of 101000 yourself now. So a number of things are under way here we got a declining birth rate since the 1960s birth control pill increased abortion. Women in the workforce. In this is the entire industrialized world so all these countries you've created these social safety Social Security Medicare Medicaid here. All of which are going to. Have to be funded in all of which we just assume our arm right. Because we've been told our life you're gonna have so you pay into it you know this New York okay. If so the question is would and that's just what Phillip was talking about where is that money going to come from. Well I think for baby boomers by and large we because we're in the such a larger voting bloc nobody's gonna mess with the people who work. Taking Social Security over the next say five years from mayor to people who are getting ready to get absolutely smack it just across the mouth. Our good deed June mixers in the millennial our kids and grandkids because. The only way that this Ponzi scheme works its current tax payers have to pay for this in the estimate is a hundred trillion dollars so. You're you're bit you're out there in your being told put your money into 401K put your money into a traditional IRA or what is that. That is a tax deferred instrument meaning. You're making a bet with the government. Saying okay. Yup I don't have to I look I got a rider off my income picture accountant and your tax repair they'll all tell you outbreak donations here for all gay and get that right off. But here's the problem. When you go to take the money out what is the tax rate going to be then. Remember you're just deferring. This so here's an analogy. Imagine you have a plot of land say forty acres of land is ceding the air nothing drawing on the land is just sitting there. One day this guy with horn rimmed glasses and cancel protector his pocket nabbed cheap suit walks in and he says hey listen. I'm from the government and I'm here to help I would like for matched it to help him were very concerned. You and your life have this plot of land and there's nothing growing on and we wanna. We would like very much to help you as I say we're from the government so we're going to offer you a band of seed and fertilizer for furry. And Ali I have to do is just or Carol and an end and we will help you in this way. Oh yes and at some point down there we were like some of your crop will now that's the point where you stop and say hang out oil well. After all how much exactly might crop are you going to want. And the answer is going to be Paula will tell you within. Arc. So. When there are. Strategies that we used to work beautifully. For people who were under fifty years old that have high incomes and don't know how to sheltered this from future taxes. There are programs we we we use that course name I could we be music I've been using them for years. Where you can put a waste substantial. Amounts of money. And when you go to take you come from news USA in essence it's eat you create your own bank is at war from which you borrow your. Own money back. And there are other benefits as well well implicit thank you get paid back through high so I like not I mean yeah. Time amazes me that people don't take advantage just symbol Roth IRAs torture in a note or Roth forewarned that the problems with those in this these lines insurer definitely brand does a great. It prop problem the well is well one of the other problems are two problems with the Roth and in and I am with you I love Roth if they're available however this. You're limited in how much you can put into her off first on if you're over certain income you can usually line. But here you can put on Google is much as you want a way into this thing. And and borrow the money back out tax free when you take it well point our trying to make and more about the Ross who is the fact that. The whole concept. Of deferring taxes and NN an anomaly now only counts or anything like. But when you take your money to your account that his goal a lot of times is to save you taxes right now run. And so he won't even discuss the possibility. They're all about defer and delay. And that's fine as long is down the Ruud. We don't have a twenty trillion dollar day ahead in a lot of people they expect you to fund there you know fund their retirement well right now we get to twenty and from mattered in the -- and you're not are. Pay me now pay me later on and even who did that with the idea was pay animal later was worse there okay. And he no EU really not need to think about not just. This total return philosophy you gotta have attack strategy you've got to have a way to avoid losses. A retirement planning is a whole different animal than traditional retirement planning yet 80% of financial advisors take this. Let's give your wrist are questionnaire 6040. Approach that hasn't been working since 2000 and will not work into the future. I took out one of these stallions panel endorsed when he won on I think we all have one new. I don't like the idea uncle sandy my silent partner are pretty bitter. About Uncle Sam in the government having his Paul and not planned. So we go to play and for me. Actually did it for myself acknowledged when he won it's a normal bill at that money and they are missing loans counterintuitive but just bear with me. My husband and oddly we have three children we need to cradle five years ago a man came it has been that long but we've built a house. So we're going through and garlic and assets and stuff than a simple guy should be greatly could pay X bill off guy so I'm looking around and they can. I condition myself so much to used to think it is bill and funding this instrument add just. I don't think about it just a part of like a utility bill or mortgaged. Well are remembered I had it and you know how they would do at took out a down payment from my house. And it this instrument tax break and again I realize as Sam's counter intuitive in crazy but I was shocked. Not so all these have built them in corporate America used to work with for Delhi guarantee life. I've done the marking for these I've worked with actuaries to build these play ends in the home office for years. I was shocked at how easy it was I guess because you think of loan and getting a lump sum of money out there gotta be red tape. They're gonna have to like take my blood before they give me a mortgage just about mrs. awful but after about reform. I didn't ask me anything else I think it sent him a little form Pamela check in the mail was great and it detected in of the year. The not to extensive. You'll be taxes in a bit of BT late we have people come in. And it would talk to them about this strategy spinning a what season a life Darian and they all have Mimi with their children. So I meet with the mom and add a nice and I wish my children had guys are doing this are I had it done it. When I was their age I start and let me jump and he did it's a fascinating. When my daughter was five. I started one of these plans for right. And I'm not talking about a large sum of money here I'm talking about would you hundred dollars what had to be a lot less what great talent your son yeah I because compounding it. So she turned 25 in which entered any time I said maybe I've been finding this now you see yours. And I did I did a calculation based on an incredibly conservative rate of return. Based on what these instruments and actually die from. If she just keep put hundred dollars a month and next thing by the time she used to be 65 it would have nearly two million dollars. Well and about that too when you sing allege your seat this is another way duper different you go to Monte Carlo simulation. ECB accumulation which could further affirms a title Turk total return approach that most of you. Normally in the center of our boys have matter fact 81% in beaded. Well we can actually show you a deep humiliation schedule so a day Kimi elections scheduled is gonna give some people heartburn because it looks so different but in the same token. It gives you some parameters it turns on some of the lights in these dark grains. And in this type of plane and as well as the retirement income plays that we work with we can show you and sometimes for younger person. Kite younger person sitting down with someone and having that conversation and no we're not an invite them I'm speaking for myself Ono by YouTube but I'm not biting that hand. But just know that we're not scary people and setting something up now to benefit them later and showing them the potential benefits of tucking that money away. That might not say damn about all the way even your daughter being 25. She hasn't even come collide stir her earnings to kick your potential and this is already set up a hundred bucks to her in 1015 years will be nothing. If you credit card cozy up on December so listen you don't have to make your payment in December. That's a good thing gradually just don't have to make you payment will give you will present we're gonna UB you know you can you can watch. Deferred debt payment. In some of you all wouldn't do that for anything in the world because it was gonna come due eventually got to. We bought into this deferring the taxes in that mean you're not gonna pay amused and an awful how much of your life savings is involved in money you've just put the taxes off. Well the chickens will come home to roost well that the the government. And has vested interest in new power and money into this text target. One thing they want you piling money into the market because. In the Smart money selling their stock and they have to have some might about the stock they're selling yes his daddy is that you every week. But a lot of the calculations to show how important it is to defer this you know tax. Are assuming that your saving your tax deduction. Well let me ask you work all that money that she got a deduction I'll pours all that deduction money that you saved you know where that money winner right. You know so a lot of times the pay me now instead of pay me later. A pay me now approach and never pay the government Guillen. And if you'd like to hear about those strategies give us a call 180687676. A 1806876768. CS RP dot info. The L Wall Street terminal. I recently had an article that just blew me away because I it I've been saying this for so long that this is fascinating. Here's the headline. The champions of the 401K now lament the revolution they started. Is his fallen short of its early backers rosy expectations because of longer life spans high fees and stock market decline. Many early backers of 401K now say they regret. How their creation has turned out. Others say it is exposed workers too big drops in the stock market and high fees from Wall Street money managers while making it easier for companies to shed. Guaranteed retiree payouts are pensions here's a quote from one of the people who started these things the great lie. Is that the 401K was capable of replacing the old system of pensions. Says former American society of pension actuary head Jerel for Cheney. It was oversold. Early for a long key backers are now calling for changes that either force employees to say more require companies to funnel additional money into the workers' retirement plans. So we in prior to this early seventies had 83% of American workers and attention. Two days 13%. Do you so we were also all this hole for a one K is going to be the greatest thing in the world business. And is as this article points down and knock can read the entire article. Basically the problem is this it hasn't worked that well because we had a crash of 2000 crash of oh wait. And not everybody funded their bitter when you went from Mexico 52%. Of people aren't are not prepared financially for retire 52%. Well that ought to be evidence. Right they are that the 401K hasn't war. What we can do ago. Is we can show you how to take your 401K. NRA IRA assets. And create a pension like situation where. Now you do have certain and guaranteed income going into retirement and better than a pension. You actually have something it will give you raises overtime and better than your pin deals he told annuities. We'll be okay and guaranteed of income for for a husband and wife and when you pastors in this benefit. That you you go past your assets aren't near Ayers. There is never been a I think a more propitious moment in this for you to lock in whatever gains you've created since the crash of 08. Included in the plan may be safe to build a wall around your assets. Takedown trumps practice. This and come to see yes and thomas' retirement planning go to C it's RP. Dot inflows CSR peed out info or call us 8676768. I'll get some legs to what you just said a second ago about the people dumping all the money in the 401 k.s. Assets in a defined contribution plain and comprised of approximately 25%. Of the total retirement market in the United States. 25%. Now was other that you alluded to a moment ago is basically you know is simmering detention protect and separate the say it tree town missing you don't do you do T. Pension protection act of 2006 and that's where that. At planet came into place with features like automatic enrollment automatic contribution each escalation. Unsaid people are. Pulling money from an asset that can't depreciate in value I'll tell you something that I've been hearing a lot of this week actually last week as well. Change is coming. And it may not be market change. But change is coming specifically BMW change is common. Change is coming at floor. Change is coming at Jacobs it's coming. In if you think they cheer me into the changed its coming. You gutter rude awakening coming because it's coming. We are seeing wave after wave after wave. Of people who are being called in and say and what do you think about retirement and our folks are coming in like well I was a plan on retiring but I feel like I have no word that choice. Matter of fact around 47%. Of retirees. Are forced into retirement he won a lot their forced into it because. They wanna pay. And I concede heads in the audience bombing right now they wanna pay someone half of your salary. Half of your work ethic. But you know it again. Taking half of a producer. That's why you're in the package. That's why you're getting it and you're getting at before your rainy again. That in and of itself the scary. Comes say yes bliss gave you a plane and where you can wall. In retirement with confidence hole in your head high and knowing that she and your fame later going to be just fine no matter. What tsunami comes your way what economic tsunami whatever happens in your job we had a guy command. He just a stay busy was putting pretty so way Ingles. He. If you your wonderful arm go Warner you know on no I don't yeah so he's trading parties together Ingles Tony. And peace to be high on the and his organization he was make an ethnic he told me 42 dollars an hour. Pat says he's pretty pretty together in his on manager he's probably thirty years his senior. Comes up and says hey. You better work hard we're paying you good money and he said he sat back and look at the kid he's like your pay me ten dollars an hour by. Basket money ranked. But tune Africa is certain population and walked out the door anyway did he say itsy back. But it differs between Clinton lawnmowers to get their lows and experiencing different parts of the economic system because you want to do it. If your wife snagging needed dance and have intuit is you got to making ends make. Ten dollars an hour baby yes some good money. If you'd like to give us a tall and have a free common sense retirement review. 18068767681806876768. CS RP dot info. I do what you'd understand if you've got a 100000 dollars in savings. Have you noticed with a taxation in the United States I was just laying in our roads are off all the bridges are fallen and and have the Air Force's planes came flat. So obviously they're not use in the money to pay for the things they're supposed to pay what are they using the money for. Taxation now is just a big redistribution. Of wealth. And if you got over a 100000 dollars guess who the ones there Warner redistribute. The wealth from. The lucky winner OK you've got money in a 401K. Each EU. And you've got to have a plan for that and you need to be careful Italian. I bet you we don't have time for all this I've got three articles here. This is one that has. Some articles have pitchers of trains turn over some do have featured fall off of this hasn't paid guys as big is waiting get slaughtered. And it talks about we are definitely witnessing the euphoric phase of the stock market bubble McCall's investors couldn't be more blindly bullish in the are right now. This is equivalent to the shoeshine story guarding the market psychology rob for the 1929 market crash. Clueless exuberance is off the charge right now. And then another. In every article Larry think had to move black rock a large man in the world is is way too much optimism people please be careful. It in the Italian to he Sanford that's very good. MarketWatch had a piece this week that title and it is the long run for investing is a lot longer than you think it is this. Investors make decisions using the same four and five year time horizons. Often to their detriment say is a wealth expert Patrick block. So. Returns. Can fluctuate wildly. And yet many investors had this unrealistic idea. A short run eons in the long run when the short run means in the long run began so. Most people in the stock market five years in if you look at historically is a very short time horizon. But in other areas of our life politics sports education five years is a long time her rise. We have to look retirement planning is a twenty to thirty year event and yet right now that irrational exuberance that you were just talking about Philip is the result. Of a very short period of time that the market has gone up and now everybody has forgotten. What happened in those seven and only art because we have some to call recent C buys so we're biased and so. While five years might be enough time to decide whether or not had to fire basketball coach's contract. Don't judge an investment plan. On an asset class based on five years of returns and it informed her more when you get toward the top of the market which is where we are. Pat cash if if there's ever a time to be careful with when you're near the top of something because you what's the basic law of investing five low old. Sell high. Were about as high. Highs for your forbid would he think this would be a good title entree and Ian walk away from the casino and the answers dang right cells. Please. Give us a dollar. 1806876768. Or go to our website CS RP got into. Like free give me an example of what she means. When you say Lockett and give me a number Tellme gaining give meaning example. Our legacy Al what a year an example of what you are talking about what is only it sounds too good Beecher Tony. Where he now. Here's the let's just got here OK so let's I know I hear all the time to play the game with main title I'm playing OK let's just say that since 08 you say you lost 40%. Now you may. 45. You've you've got only got a Mac but you made a little bit more. What if you can take that money and put it into an instrument that would need them if the market tanks tomorrow cannot. But guaranteed cannot lose anything till the market's negative you're telling me. Yes the market is negative. I'll won't lose any money correct guarantee. Furthermore if the market goes up you can make money and lastly. You can have a guaranteed income from them money. Life for you and spouse. I get. UGU shouldn't everybody should I swear to you I told a client at lunch this week you were doing and review arrested. He was he was talk about how well again how he just how much you love and knowing getting demolished after. He said why doesn't everybody do this. I say I don't understand why everybody walks for our door just to decide why and I know why because they're programmed to think otherwise listen. We run out of time but I I have to tell you. There is never been a more important time in your life for your nearing retirement into investigate. Alternatives. Police for your own good. Go to CA SRP. Dot info. Or call 806876768. Come a CC will cost you absolutely nothing to see one of the common sense retirement planning team. Have a great weekend and god bless you.