Feb 18, 2017|
Common Sense Retirement Planning
Automatically Generated Transcript (may not be 100% accurate)
Will look really good morning to you I hope you're doing well I'm so glad that you showed up. For common sense retirement planning. This is the regional. Retirement planning program we are the State's original retirement planners. An issue might have guess could you are such a Smart person this chose gonna talk about well. But our opponent that things. Actually we are the alternative to the mainstream financial press which can be just as misleading and in bogus as much to be as you hear the mainstream political press. So what we will do today. Philip Allen Jamaica Kincaid and myself will will share with you a lot of things going on that you might matter of all of which are. And Jermaine relative to two retirement planning but what we do in what we want. To impart to you is he's probably never in your lifetime. Has there been an took more time for caution. And what in how you're going to about retirement planning goes there are some dangerous. Things going on out there in this world all of which could come in and handed seriously deleterious effect on your life savings. What we discuss here. Is it is for information in hand for entertainment we yard securities licensed we do we used to capital investment group member of Fenway in civic. And therefore we want you to take what we say. But not act appointed immediately. We'd would you want them making massive changes because something when it was said rather we didn't left free to come over and meet as we don't charge anything for a consultation in Maine read you comments and retirement reviews. And happiness and try to give you just different perspectives and keep that in the vacuuming too. One of the things we have always gotten it is credit where credit is due week. We looked at the ultimate source of wisdom the Bible and do whatever we do with biblical precepts. In the forefront of our consciousness and therefore start the program has always with over from the. Today we have with us also Rebecca Kincaid and for today she is going to give us our scripture and this is from has a tie F 53. It says money is not the most important part of life. Or is not a party there Escude Rebecca thank you thank him in practice in the Mir all right. I can't say got to make shared striker radiant. Now I'm from new to this Simon and this. Looking at what is going on right now in the world I thought this I've I'm re reading proverbs the moment disagreement. Proverbs 216 or think dominion in the context of two other current political situation in the deep statements over. The weak get earns deceptive wages. But the one who sows righteousness it's a sure reward. Fortune made by a lying tongue is a fleeting vapor in the deadly snake here I had never in my A almost seven years seems more corruption dishonesty. Obfuscation. In his going on right now in Washington. And all of these things that are going on. Are at some point going to have an effect on the world of finance and in your world. Of saving for retirement. And there are. We've we've watched the market go up and a friend since since since trumpets commitment quite amazing right. But there are problems. In in here's the leaders of visual four. And we've all been here bureau coaster. And stars climate. That pinging your rain all the way back in his arm was going screen. And the closer you get to the top of these things and more nervous you get could you know old. It's a roller coaster doesn't go up forever. At some point it's gonna reached the apex. At which point is going to began to pull moment. At an ever increasing greatest lead. And scare. The living daylights out of you and everybody writing the right which is fine at the fun part. It is not fine. If that your life savings that writing on the roller coaster. There's that old adage buy low sell high wouldn't you think. That as markets and get to historical levels. And have been heading there now for you know eight years or better. Wouldn't you say to yourself you know what I think we're getting to the top of these crazy bull market. And I am looking in are doubling of dead and all the money we've printed in what's going on in the world not just in. Economics. But what's going on in geopolitics. What's going on with Russian warships thirty miles off a boost underlying happening. And and so all it takes is one. Unexpected biggie didn't. To really set things in motion effect I I have to say this amount I don't want to go too far down this road but look I mean I am. I am who I am I am a conservative am talk show host. And and and as well as you know in retirement plan or SARS is part of my nature but I must tell you. What what is going on our country right now and this is going to affect your retirement because. Big big negative Vince do. Markets hate uncertainty what here's here's what the situation is basically. For the next four years you can count on there being a war we are in a war and the war is between essentially. The right chess. And the left. Behind. The people on the left are sold out took secular humanism in their what they wanted to do and and salt Lewinsky in the craziness there. As we who people of faith are. In our fate and that is largely who voted for Donald Trump so I'm I'm throwing this out if you even though it's not about retirement planning and direct way it really this. Because I think our country is getting ready to go to a period of tremendous. Upheaval and uncertainty. And when that happens the market is going to suffer as a result of their four. This is a prudent time I'll quote another proverb of prudent man for sees evil coming and hides himself. And I eve proceed. And suffer. Do not beat the ninety now's the time to protect yourself and to do so old. Common to see one of our common sense retirement. Planning team we'll sit down with you will. Listen to your concerns were taking notes will put together recommendations for you did quite different than what you're used to I'm sure. But our recommendations will have some certainties. Because as I say we're in a world uncertainties so what we why now are some certainty when your so certain before you have about. If you knew the you can take. Don't. Send me your savings and put it in an instrument that would. Track stock and bond indexes and if they're going up you get to keep part of the upside of it. But if markets crashed there's a guarantee of no loss whatsoever. So the first thing you've done as you protecting your assets. No matter what happens so Marcus corp could you could you can make money markets Gaudin you don't lose it number two. The reason most of the save for retirement is what you don't need income god only knows what's going to happen with Social Security. So. This has as well only to create a guaranteed income stream for life. For husband and a wife without giving your principle of losing the death benefit. And and DC income has the potential to increase over time as you good game can you don't stop. Tracking the indices or or gay or give him getting raises when whenever the markets go up. And secondly. It does have a gift benefit if you pass with Dwyane you pass I should say when you pass away whatever is left over you can leave to your children that bad. Is certain. In uncertain times so to come in seeing us go to common. Since retirement planning dot com actually easier. CS RP got into remember that and CS RP. Dot info make an appointment come and sees cost and net. Rebecca star is out today with an obscure verse from has a path. And talking about money's not the most important part of life in Porsche not a party either. Do number one concern of people in retirement. Is running out of money in their. There is another part of about all the talks about a man who built a tower and didn't consider the cost and wasn't able to fit nation people made fun of him. What's happening now because people are living longer McCall's. Safe investments are giving such a low rate of return because. Inflation may. People are underestimating. The amount of cost is going to take them in retirement. And their penalty for that is running out of money our promise you pork is not a party. And if you run out of money. You have nothing else coming in except whatever the government gives you you know is that really where you want to be in retirement. The old math is nominating. A big drop in the early years is for your money out the Wall Street Journal the last thirty years you want investment profits to exceed withdrawals in the initial years. If you had to bear market in stocks ride off the bad as was the case for people who retired in 2000. Your odds of running out of money increase. Well here's the problem. We are poised to have another 2001. Or 2000 NA. David Stockman and at a news Max was. Said the trump administration. Is complete insanity. Markets in fantasy land and what they're talking about is not what Donald Trump is doing is the fact that the reaction to Donald Trump. In the markets is fantasy land. David Stockman former Reagan economic advisor warned Sammy investors not to be swept away by the jubilation of a stock market seemingly hitting new record highs every day. The former Reagan budget director told CNBC that traders are living in a fantasyland. That came last and trumps policies will derail the market for years to come. David Stockman said what's going on today is complete insanity said stockman who served as the Republican you misrepresent Indian in the end. Director of Office of Management and Budget under Reagan. The market is apparently pricing and a huge drop stimulus. But if you just look at the real world out there the only thing that's going to happen is physical bloodbath in the White House train wreck like never before in US history. Since the election the S&P has rallied. Stockman predicts that most of these gains may be lost or at least three reasons most of Trump's actions have nothing to do with the economic agenda he's proposed. A debt ceiling debate looms for march the fifteenth in congress and the current rally has gone on way too long and a correction is far over leave. So if here right on the cusp of retirement or in the early years of retirement. You know that everybody's talking about the stock marring. Heating records that's when you have a major correction any if you participate in that you came completely destroy your retirement. What you need is a good retirement plan not necessarily. A so called investment plan to find out how to do that you've got to be proactive and give us a call. At 180687676. A 1806876768. Well look this up on the way have been common sense retirement planning dot com or CS RP dot info. I say that three times CS RP dot and bottom. 23. Goes quiet. Oh okay woman on on the Frontline. What do you think you guys were talking about content. Look at things you were talking about earlier you touch an a couple of things and I have an article to sort of bracket bracket back around. To kind of hit a lot of things that you all were discussing one of which is this a long rally that we've been in Inchon has taken offense. One thing that people I don't think have been paying attention to is the volatility index in the show a spear in the market. This is in the was in the Wall Street Journal on Valentine's Day and it says. The last time on the US stock market volatility started. The year this slow was in 2007. Shortly before the sub crime sub prime crisis hit. The historical parallels are seen their return is really math I'm still get never has a kinda had to say in the music there are. The historical parallels are scary because when investors anticipate a volatility will be low it can be a sign of excessive complacency. He goes on to say. That does six skiers people in here is why dies because if the again complacency. One of the things measured by the Vicks is a balance between supply and demand for. Options. For the call also protecting an S&P portfolio against lost ever in the next thirty days. When it goes wrong. Is going to go root spectacularly. Wrong. Because Avery went on the same side. Of the tree. Where you read that out of the Wall Street Journal. You know we are not given obscure. Net income is can be found in the Wall Street Journal on February 14 yeah. That's kind of everything the Philippines and decorating your separate review. All we spend. A week yep combing through. All kind of financial web site. And frequently one of the things I know you both of notices doing show prep it what amazes me is frequently you'll like this is what pages. And this is that went on back in 199. So the front page carried him or the headline stories are markets up and everything's gravy and it's only when you start digging below the surface that you start getting some of that truthful when he let me lay this on because this is it this is a bigger things in game. Most people realize and Phillips talked about this a great deal and it several articles alluding to the point Omega. For the last thirty he almost 32 years. We live lead in this happy little world where bonds are always the safe place to go. It is eight. As Bill Gross of formerly of Pimco now Janus are acknowledged the bond guru of all time says we are in the greatest bond bubble. In 32 years and is coming to an Ian. So. You go to your typical advice your typical big Wall Street from. And you say you know I'm getting nervous about what's happening in the stock market I think the stock market's going you know hit the roofing and crash. So I wanted to put means some safe and no single answer grainy. I am just the thing I'm gonna be chewing fixed. SS Omar and or who wouldn't want something fixed price and good golf hey it stopped taking asking me two of them and so. That sounds good fixed assets well here's the problem with bond funds and why we are on the threshold of what could be a doozy. Of a bond correction. Think right now everybody's. If people go into bonds think initial good I've got that that asset allocation I've got really odd a 40% stocks but I got 60% on bonds I'm good. The stock market goes down no worries for me oh really well try this on. The current ten year yield on a U senior US treasuries 2.4 seven trucks. And so that means you go in you give him your money for ten years and you get a an annual 2.4 seven. Percent rate return yielding them juniors emerging each potential back that's how I bond works and has a duration. And it has and a yield up until that decoration. But a bond mutual fund which is what you have in your portfolio. Is a basket of various types of bonds. Of various durations in heels. End of the danger is this. When interest rates go up. These bonds are being held as to duration like your ten year bond would be. These pay varies rationed so here's an example let's say that you have this bond mutual fund and it's spinning off whatever 2% yield us. Jenny yellow raises interest rates all of a sudden. We can go out and get a brand new button. Heinous 3%. Why in the name of heaven what I want to go by your bond and your mutual fund when you wanna sell it. If I get a brand new issue any answers I wouldn't now what happens is you just lost the difference. Between the new bond rates and yields and what you guys sitting in this. Portfolio furthermore. You if you go to Sally you're gonna sell it at a discount rate. You're gonna lose money. That is why bonds lost 2.4 trillion dollars in the weeks following trumps election because they saw interest rates going up. We're at the lowest interest rates in since the seventeen hundreds if you can imagine this is so and so. Abnormal. Is to be. Almost comical. So at some point obviously. Bonds. Or or or interest rates further are going to go back up and get back in the range of what's historical normal which is you know and 33. Point five Riche. Range that would be a normal sort of range. And it. When that happens. Bonds are going to take a tremendous hits or merely be with one last thought before I try to entice you come see us. And at the moment in the world. Now remember the bonds are dead what does the Bible says the debtor is slave to the lender right okay. Right now in the world according to an in IMF study. In between sixteen. The debt. To GDP ratio in the world in other words how much did exist. Vs how much the entire war produces any year debt to GDP ratio. 324%. That is so far off the charts of normal I'm talking hundreds of trillions of dollars. When that day it hits the wall. At the same time that the stocks are tanking. What is a mother to do. Here's the answer to easier knew even thought. CSR PI and say a simple. You come to us and we will show you alternatives to bonds. We are your money is safer from loss. Where you have an opportunity to make gain. And some. Pretty decent gain about I've been doing some to manual reviews here lately in quite some quite pleased hunch chemist Richard forgetting that but could getting without risk that's the difference. If you want to understand our approach first thing we used take the risk and the grace so bad bad day at the market well be didn't make any money. But she didn't receive either so police. Before. All of this stuff begins to happen any cascades quickly asserted time and again that it is so true if you study history. In particular economic case for you discovered that things develop slowly and then happened suddenly. So go to CS RP data info come see one of our common sense retirement planning team. And let us help you put together of sleep well at night approach to retirement plan. You explain the bond structures beautifully and very soon sink clean clearly. What's baffling to me is I have client its command and see me all the Tom Tony and a year and Philip but do you were very clear. Unlike it is what it is not. And I understood and our listeners will hear that and they will understand. Why is it men when I have a client command to see me with their traditional. Balanced portfolio and asset allocation they still have no idea I think pat I'm raising my hand yes she's here he is owner. Mr. Becker Becker if you treasury answers okay. Because Wall Street pins spends tens of billions. Of dollars. On programming us. Two commercials. And articles in CNBC. Deep when that what are we the alternative to the mainstream financial press what is the mainstream press been telling us for forty or fifty years. So we are so programmed into thinking that way. It is very hard that's that's aren't part of our job isn't it. It is it is because they come in their liked what I asked the question very straightforward what is this. In its cow like you got personally. And you walk out your lip spleen which you'll never get hit you know what happened ya well e-book. Why what should have I have my life savings wrapped up in this play in an ad don't know what I have. Well it's because. An inning goes back to your question. The other is a part of it is is is that the main the incredible amount of promotion of that worldview because essentially here it is. Just like we we're some at earlier you have the right. Check us vs the left behind right in the political round. Well you have on the left hand side the big Wall Street machine and in their same Montrae they've had for what forty years. But I asset allocation in total return and has been doing maverick. Risk tolerance to ask the whole think everybody gets the same. Version of hamburger when I was McDonald's moms when these minutes is that just amber wouldn't get first vacation modeled it's gonna savior right right. So that's what they've been pro we as a culture been programmed to believe him but we have a different approach. And people can find out about it don't come and see. Tell you something about the bonds this is out of the Wall Street Journal. Says no hostile bond market most retirees kell on bonds for stating come to also at the risky ness of the stock's current bond market is problematic on both counts bond yields are your record lows and whenever he tries investors mostly bond holdings go down in value. It's all around you but sometimes we just don't pay attention. Let us show you the safe way to. Go into retirement with peace of mind give us a call 180687676. Say. 180687676. Say you can look us up on the way have. Common century term planning dot com we have some things to give you a much you look at or if that's too long you can look it up there. CS RP dot info. We look forward he's talking to you right around the corner. See in a minute. Oh thank you. Welcome back to concentrate our planning this is Phillip island with Tony dale and today we have with this Rebecca Kincaid. We have the common sense retirement team. People who can meet with you and show you all the safe ways to go into retirement that can help you sleep well at night gave you some peace of mind. And not ride the Wall Street rollercoaster. Is Tony was talking about. You know you see people when they get to the top of that apex Tony and they hit down the rollercoaster they'll put their hands up in the air. You know this is probably not the same thing like you for in a 747. And also need his head and straight toward the ground probably not near fund. You know I would say not. You see the trouble is that if years. Have those big losses in the early years. You're not hated to you know that he had back a lot of times you're headed to zero and running out of money in retirement. Let us show you how every way that you can avoid running out of money in retirement. Everything that you hear is not always what is Sainz. There are. They are Smart people out there that in their. Smart about you need to take too much risk with your money. Are read a story today about. It was interesting to me just things are always as the same set an old Italian man lived alone in New Jersey. And he planted a tomato garden every year. With his son in name in it was he was getting older and it was difficult work latest sign you know using New Jersey Manson he was in prisons. He gets sent to prison in the album. You know what to do and so that. Homeland wrote a letter to his son and poems and lyrics and only able plan my own garden this year treasure not going to be able to help me columnists too hard for me to dig in the ground. And now he said but I want to go out there and try to do it myself in India the garden when he received a letter. Not long after that from his son's inlet don't dig up the garden that's for the bodies are Mary. And mounds. You know imprisoned they read those letters and so. Mixed day here comes the FBI out and they started and they did that whole area looking for those bodies and they in finding any. In the yet another letter from Santa said let that was the best I could do pop. And off for. You have to do creative things in order to get the job done I promise you when you deal with people like Tony Daylon re back taking Caine in Philip Allen and the other. There are times that we look for every creative way. Not obscure way but just creative way to give you peace of mind in retirement. And we don't want you running out of money. I do wanna remind you that everything we do today is the capital investment group member Finneran and civic. We don't you do anything. We don't JD and MP tomato garden because we told you two on the air. Everybody's. Financial situation is different. And you need to coming in and let us look at your specific situation. And see if we can help you. Had a person come in the other day and basically what we did was we just. Took all his information. His wives information. Found that out but we didn't really present a plan to them. And now. They tell me back and said they weren't interest it. Half Irish people are against it. And as it and settlement no idea I'm not actually on the call them back but you know if I guess they're just was you know everybody. Don't want to do business with us you know but what. But enough do. That we had successful business and when you coming and we don't expect everybody to do business we're not about her back culture. We have a successful practice in we want people that want a war with us. And warm be safe with their money they wanna have a reasonable return and they don't want to live in fear every day of their retirement that there are gonna run out of money if you think that maybe you. Give us a call 1806876768180687676. Say. Look us up on the way up at CS RP dot info. We have the opportunity to go lever two different meetings all over their country and here. Other other firms and how they. In that we were I had that personally it's going out to California and I head in at took a picture of it the 'cause I just was shaken my head. This asset manager the title of his slides says stick to the plan. He has bullet points own here that Athol work comical for retire person. It says despite it's a neat current her peak your head winds it's important. To remain. Fully. Invested it. Second global market corrections. Volatility. And bear markets. Are facts. Of life. Amended contracts Alec I'll continue. Wrist is written a great listen to this when carefully. Risk is reduced. The longer you remain. Invested. Alma sharp mighty. Says if you're retired. AN EU have a market loss okay says gesture member it's important to remain fully invested. A you know what when you lose 10% of York investment portfolio that your pulling him money out out. Cheshire member market corrections volatility in bear markets are fact of life sent. As you are creating permanent losses in your investment plane and your account dips and you need to pay a bill. Just tell them your utility company duking energy sorry but volatility. Bear markets and market correction you're used to effect a lot. Her back he should just go in read the last going to say is the best things in life money came by. And with our plan sooner or later URL. I gist tee it rad lab they're proud if I think here here here is that roller coaster. We'll explain this Wednesday. It. All the time. An investment plan and we went to a best talk now is an 81% of people that investor I mean here's the problem 81 version of the people aren't 35 years old church in the and that's the difference listen. Think of the demographics of this patent. You mentioned where headwind. One of the biggest hit wins it's not the biggest headwind coming our way. Is this and know very few people are talking to a news conference talking about this. As are a handful of other economists I've been beaten this drum for a long long time because I've seen it coming our I think this. Baby boomers. Are the population roughly. I'll be seventy this year so I'm the leading edge of what I'm going to describe the silver tsunami is what I call place OK so. We created the biggest bull market that is ever happened in that history in this country from 1982 to 2000 when we went from. Pension based retirement plans 83 per cent of people had pensions back before that he seventies. Two today 13% in fact Rebecca is gonna talk about pensions and lump sums here a minute. OK so nobody is Vince what happened what we all went to four all in case our case and ending result of defined contribution plan approach is this. We started sending all of this money to Wall Street and they started doing just what Rebecca was talking about it in the listing it. Which was fine we were twenty we were thirty we can take risk because what we were in B. I accumulation. Phase of our. Lives we were in the investing part of it we weren't taking incoming we're getting close to retirement so hey Marcus efforts are lost we can still young enough that. Right get out and stay in state investor for long term this. Has she just said. There's a long term to long term when you're 253545. Years old however. He needed to be 5560. Because now the whole equation is gonna change because you're going to hit appointed. Coming up here pretty quickly where you no longer or are accumulating. Assets. Rather you'll begin to. The rubber meets the road in retirement planning. Because if you have the type of play and Rebecca was just talking about where you have risk in bear markets happened in volatility happens all staff. In your taking withdrawals. You now have entered the world of she Quinn should return motorists. And done time meaning. And I'll give your perfect here's here's just real simple example let's say it's 2008. So we know. This DS and 57%. Molest you say you had a mixed portfolio and let's say you lost 40%. Which is probably pretty close what most people didn't expect him okay. But she retired in new. And the guy down at the local investor firms told you all take a 4% withdrawal and at 3% for inflation that's called former general you can do the issue or an Adam and it'll be great okay. She lost 40%. In two year period of time. They need to look and there. 8%. That is almost half of your entire. Life savings gone in two years' time. And you mainly have like 25 more years. Thirty more years. And if you keep taking withdrawals and do you need to take withdrawals will you all you will need to take draws. You keep doing that. And those are his issues right or permanent loss as you'll never make up those losses again when you start taking in commending you lose money. If the market may come back you're not going to give back to where you wore mathematically just not going to happen. So. Our approach is this okay so let's let's let's start with let's not lose any money it's the old. Warren Buffett approach to things don't lose money. End if we can put up a zero stop loss underneath you Florida zero bid and we have a shot at making money on the upside when markets are going not. And we do we get some really great reviews here we go on over the last what's happened and over the last year or so with many of our clients okay. But you can make money in not brisket it's a very different things in this volatility things she was talking about a moment ago secondly. The whole. Problem with these demographics and discussing here's our baby boom generation is now beginning. The process of the same. 30% of the population that created the biggest bull market that never happened for May be due 2000 over the next eighteen to twenty years as we begin to take money out instead of buying into. Market. We're what is Newton saying. Every action there is an equal and opposite reaction right we're going to see this with his withdrawal. Over the next two to twenty years of trillions of dollars out of these retirement. Plans. And not only that as we get older we we you spend less money on consumer things we really the simpler life and so forth. And I would have to say that the gen X resume millennial are shown me a whole lot of likelihood of of creating tremendous wealth going forward so. So my point and all of that is you need to buckle your seat belts and get ready for process of this this going to go on and on and on for many years com. And if you do with the way that Wall Street telling you to we choose you just take four version would draw rate. And we go through these types of losses you know wake up one day 75 or eighty years only need you have no money at all laughed. So. Please don't don't get yourself into that situation go to CE NS RP dot info make an appointment comes say one of our team. And let us help you set up an absolute certain. Retirement plan. Something he says that inning ending in you were describing that the pensions and different being. Different opportunities that are available that are not is. Popular not how popular they they're not as prevalent today's they used to be but you're talking about the wave of baby members that are retiring. A risk sentiment and the Wall Street Journal a couple weeks ago I may have talked about it on the shed and now she's thinking about. The qualified plans we talk about required minimum distribution a couple of weeks ago and so not only do you have. 101000 baby boomers retiring every day and have a majority of their assets in the stock market you know pulling money out stock dividends. You have that to overcome and then secondly in 27 saying you're gonna have the biggest wave of baby boomers. The word that initial age group turning seventy and a half. So not only you're eating at debated emerge drag of people retiring but in you're gonna have people who you know are living on the defined benefit play and but they're being forced to have to tap those qualify plans at Seve and a half that's going to further exacerbate the problem. Of this flood of cash into the market. What are the other things that we see a lot of times we see a couple of things one we see a lot of people who come in and see us. BMW. Michelin. A lot of people from BMW as of late. Who were offered early retirement and given an opportunity for basically attention buying out. And the reason today your seeing nest. One because of the the economy. Two. Is that pres companies. In a rapid succession wanna get out from underneath these pension plans and they don't want him on the books they're expensive and I don't wanna have to manage them. So a lot of times we see people come in with the option to take a lump sum wanted it becomes well she had taped a lump sum or should I'm not. And what the companies are trying to do. Is get this expansion expensive pension obligation off their books. In a process they called. AE RP magazine. In it is goes on to say that 58%. Of companies surveyed said they had offered lump sum and 38%. Expect trays for pension obligations to an outside company within the next five years. This decision is not limited and to the roughly 10% of boomer age private sector workers covered by traditional pension plans. Is actually day out it was 35%. And early 1990s I chose you to shift. Where people are getting away from those defined benefit plans. But she could face similar decisions we get a look at your 401K do I take the lump sum duet take a pension payment. Well when you do that it beat Hewitt traditional pension payment or leaving it with your employer. There what your lumps on yet payment that you haven't and pay up payment that is sad day to inflation risk which he got a payment. And then you're gonna have to consider the effect that has on your spouse. And then if you missed positioning and mutual funds are an investment plane and take that lump sum that it might be proof again. But there's an album market volatility to baby boomers retiring yet even forgetting. If we can compartmentalize. Entail risk off the table for a moment sot market risk. Just sheer volume of people who are having to live off financial capital and making the shift from human capital financial capital. Is she staying in rapid succession. And that in and of itself is going to create rant that volatility in the market on the bread. More we talk a classic was overturned when you start down that hill it's a hard high backed if you give back at all. Give us a call 1806876768. Look us up at CE SRP dot info Tony I'm excited. This week DN because I am going to get to spend the night. End. Terry and I knew house then finally that they've been building for about a year. And it is been an interesting thing for me we actually ball a lot above where we live now. And we're building a house and we just couldn't step out on our front porch and watch them building this house one out bill the house I went to my friend John Peary. Who's been building houses in Greenville for 35 years I went to schools Johnny bills thousands nucleus and Montebello is on most beautiful housing rainbow. And he's got 35 years experience building the house in immediately after realize when he started building this house. That I did not know any thing about building a house nothing. That I saw all the way they would build this house. Work like that in fact Tony I had him over there one time and it was I had to tell us that John need to talk T. Any about what is another well you know this is mad and I came down and they were frame in the house passage John look at that acid. I don't know much about building houses but that's just sloppy. As it's a slow just sloppy and he looks at he says Phillips said it if you sloppy. He said that some of the sloppy a scaffolding have ever saying they had just built it to stand on I thought it was part of the house well yeah. How learned an important classic Alice Smart. I now have it he built me this beautiful house and we're so thankful that god has blessed us the first time we ever live in the house like that but there's a lesson that you can learn from that. It common sense retirement planning we're trying to build your retirement plan. Any if you go to the raw there's a couple things you can do wrong with that one is you can assume you know how to build the plan yourself. And I promise you you probably don't you're probably an expert at the thing you do. But if you're not a retirement planner you probably don't know all the best ways to build that retirement house. The other thing years you could get a read someone to build your retirement how's that specializes in in doing something else he see you can get some dazzling mint. Build a retirement plans for two years he just got through with the training program. Or he specializes in building another kind of retirement houses investment plan which is totally different. And now you trying to get him to build something else. Look if you just between Tony. Dale Philip Browne Rebecca Kincaid we have over 65. Years experience building retirement plans. Specifically. Retirement plans and we now have. To build rock solid retirement plans so that in the hand your retirement will be a beautiful thing. Not something this gonna just. Fall apart. You've got to go to the right people that nurse concentrating. On the right things is your life savings that stake don't make a mistake. With this one. I ran across the most interesting article in the Wall Street Journal there's a will surprise you when you hear the case. Only ask questions first suffice it to you okay. Would you prefer to have your money in something. That you include only take say 10% a year out at the most. But it was guaranteed. That he couldn't losing money to be completely safe. Our would you would you read his putter into a mutual fund saving gas someplace and you get all any old time you want to use positioning left and it went right. Listen to this is fasting people trying to save this is the headline. Prefer accounts that are hard to tap. Or search policy makers could make retirement accounts even more restricting without reducing your PO a working paper. This research shows that people actually prefer pretty money and sell their money into accounts with severe restrictions. And when asked a sample. Of the question. 80%. Said they would put. Their money. In accounts. This had it. Made it very costly or even impossible to withdraw funds from these early in other words. Restricted accounts. Are so appealing that people appear to be willing to give up money just to get one. And that willingness hold clues to ways individuals lawmakers institutions. Might close the gap between what experts say people should be saving. And what they're actually savings or other wars these restrictions act is protection from yourself. If you're not able to spin. And these are protection against your. Self control failures. And many of these people who chose to allocate money to these restrictive caps were aware of their limited self control. And it was hard for them to say even I'm going to buy something that they wanted and be behavioral economist for refer to such restricted account as. Commitment devices. And although commitment devices might violate predictions of classical economics. They are staple of our financial life so I I I the reason I bring this up. If we use a lot of different sorts of instruments we have some instruments that they did have. Liquidity but he's limited to 10% per year how ever. In return for that. Come some amazing. Guarantees and benefits. And I I have found this to be true that when people understand. That lie ahead I can take tin tent city I could take all this money over over ten years. And it would've acted just as ten year bond would if I went and got a ten year treasury paid me two point seven except. The rates of return on the on the instruments were using you've been doing way better than that. And and other benefits guaranteed incomes and so forth so I just found that very a very interesting thing way to protect yourself from yourself. While. Seeing growth and having some built in guarantee so we took what we can talk to at least. There are so many things are going to decide to work of the articles I was just reading was talking about the many surprises people have and retire when they retire. And there are tons of things people aren't expecting to happen to them. What keeps this was an interest in things what keeps people awake at night when they're retired and 48%. Financial concerns. 42%. Physical health. And then he goes down from there. Biggest financial concern paying for basic needs and saving enough for retirement expense over 60% of the people worrying about that staff. Well if that's true wouldn't it be amazing for you. 21 day wake up and had none of those fears in your hand. At all. Could that be true yeah you bet it could Daschle we do we can show you way to protect what you have should not be worried about this stuff. So police. Now while the market is up at its high point in why you have a chance to lock in all that wonderful game. Go to CS RP got info. CSR PI info call us 1806876768. May get appointment come and see one of the common sense retirement team. And Lynn Hess Tate the fear out of this deal. Coordinate his plans and help. You like in an era the only today please. There's so I should think about with your retirement I clients in my office today haters are just another side to it in which may be in a girl. I guess I think about the feelings of it and the emotional side of it say that as. There's some of that happens when you retire. That. You have to shift from. UNH he'd be teeming capital to financial capital and then all of a sudden AP stayed home in your husband Marc you've got this hunk Tom Coburn and love. I album yet another thing to think about injuries. You know. Many times you know just like we hear all the time when retirees say they have children that left home we had to connect with one another again. Well studies have shown that jobs had served as a distraction in a relationship as well. When you have both does he retired. And both of you are at home. That's connect and additional stress a lot of retirees come in and say well. I've got I can't do it can Mahan boys will of voters to stoke the Jews thirty years from all. It as the first labeled the list. The other thing is study showed distress increases during their first two years of retirement. Especially when the husband retires first tee this is something that people don't anticipate. And it market with people tell them this is going to happen he in their light. And I couldn't be a much this is gonna happen teeth something is gonna happen. When your husband is still in the bed in and year hidden shower and and going to work every day and you know he's home and do whatever he wants to. I believe it hey listen we're running out of time and I want I want once more. Please I urge you before it hits the fan and the fan is on high in your standing in front of the fan. And that's clamp. And you start senior retirement savings dwindle now is the time. To protect yourself police. Go to our website CS RP. Dot info on this thing for common since retirement planning a call comments and retire planning at 8676768. However you get here get here. And do it soon. Let us help you take the fear out of this whole retirement thing and give you advice. About so many of the things long term care and an end and so many things to rebrand that time to do that thank you so much for listening. You have a good week in god bless you.