Financial Safari, 6/17

The Financial Safari
Sunday, June 17th

The Financial Safari, for June 17.

00:39:09

Transcript - Not for consumer use. Robot overlords only. Will not be accurate.

Mood. So that's mania safari just got to eat my milk every idea yeah eat your tax and yeah. All your retirement and. Information provided is for certain purposes only and does not constitute investment tax or legal advice information has been obtained from sources that are deemed to be rely. What they're actually seeing weakness cannot be guaranteed either Peter. Okay folks there's two questions I know the cure ask yourself number one haven't saved enough money to last as long as my duke and number two. Can I maintain the same lifestyle I have now. In retirement. We're gonna talk about how you can answer those questions yourself as well as a very special topic. Ten tricks car salesman used to everyone should know how to handle that much more when we come right back here on the financial safari. Hi this is coach Pete and if you've got questions on how to properly structured your assets until retirement income. You're in the right place and welcome to the financial safari. While coach sounds like we've got an exciting show this week folks if you just joining us we're here in studio with coach Pete Dirita he is known as America's wealth retirement and income coach joined alongside Marty Hensley he is a former UNC basketball player 24 year planner guys will commence. Exciting stuff nick at stuff going on here in its I doubt will be able to cover everything this week was a good look at all the show notes everywhere we gonna talk about mistakes people make when they buy a car and NASCAR especially the games that are played in the car lots. This is all inspired by somebody I'd ms. very close to me get you know taken advantage of the car lot not too long ago and enough job done a lot of time talking about what happened and we put together a report about things that you should ask. Or no doubt. Before you go and buy you score while okay yeah but first post to McCluster and a lot of people are wonder about retirement of the main question Marty you'll have to tell me if this is true or not you see it as well. Have I saved enough money to to last as long as I do retirement absolutely quick question yeah every day it's a baffling can subject we think about it because you put them away money every single month for the rest of world for your life you when you working. We need that money to last the rest her life because the hardest part of the retirement equation. It's figuring out what day you can retire to join John Jimmy because even if enough talk to people just the last couple weeks that had over two million dollars. But they didn't have an income plants that they weren't sure if they could afford retirement yes I'll think about that you know we go through life it's deciding if we can afford to buy things. What retirement is the biggest purchaser ever gonna make believe it or not. You can increase the standard of living in retirement by not increasing the money you have put aside by doing the right incomplete. So it's like going and finding the great sale at a Neiman Marcus. Instead going to Kmart and buy what they have on the Iraqis are OK so would you rather buy something from a very expensive store like Macy's and David nieman Marcus marked down. Or going to Kmart or some like then buzz up the full price for a I don't like a dependency on iron I guess so but unfortunately a lot of people that we see. With with a good amount of money put aside when they get to that financial red zone and that's five years outside retirement or or even if you're over 52. Designing an income plan with some of the money that you put aside already that would give you a lifetime. Of income you never outlive now Marty. That's called income planning and it's called recession proofing your retirement as you know recession and times you've seen maybe if you talk to relatives who had a recession under my friend certainly. Recession is when you're buying power goes way down to your standard of living you wanna keep the word is pretend you don't. Have enough money to do that's yet to take a step backwards like slowing down the stairs you're never a good things don't happen happen to go to the other day on. Billy did a failed and they are on. You know let's go to your head when your phone is protect your head. So in the market starts ago the wrong way what you're thinking is protect the wall right right what if there was a way to protect your income regardless of the environment the financial worlds and that's important and absolutely as I agree called income planning. I've given speeches before. And I pulled up on a medal speeches from years ago just about ten years ago but still as relevant today you can affect I was giving a speech right before we had the last market crash. Comment really upset why I'm. I believe that's almost ten years ago I Campbell was sorted out it has been a long long time ago we talked about with that happened. And we we do something we go going back to the. I'm gonna go back to 2007. Was given a speech a little mistake. Big hit it. Does a good title for life from a speech wasn't gig limit of 2008 that was on their permit. Sent back then they Genesis ten years ago I was talking about working capital not working and that was money in CD's credit unions and money markets and how they weren't performing the money there wasn't performing like it should I'll and I were ten years into the future from that 2007 date shore and Marty. Our banks and credit unions in money markets performing like the show but yeah. That could happen when people go broke slightly different. And we talk about Bonser people run to bonds and bonds are. A place that was safe and still is safer than the stock market but when interest rates are low we -- bond prices bond prices interest rates go up bond prices go down hill ever Klestil realize that some people locking in the bonds which are locking in which are assuring the fact that you never have what you should have needs are and so we are in a environment where interest rates should go up because they really can't go anywhere new series I've just a recluse -- can only do a premiere but wouldn't say an effort tenure as. I think about that Thomas existing. Oh boy it is makes you wonder when the other side is gonna come around. Yeah but we're talking about how you have to have some money in these accounts so for temporary parking space. It's like when you go downtown and they have this parking meters right get the pay per hour he had and so you're basically paying. By not getting a good interest rate you're paying to have your money a 100% with quit while. And yeah it's a hefty fee though because you are losing money safely because inflation around 3% and your raid at the bank may be 1% of your lucky for her net buying power goes down by 2% every year. To extrapolate that over time it really adds up. Nearly got that he worksheet to by the way fees can eat you alive as well also if you put money aside. And you have let's say you have a choice between zero fee account and one that's 3% fees. And I've got the sheet right here we will have that available to any listener consulate if you have a 100000 dollars put aside. And you leave it alone for twenty years and it's going let's say 8% so you know it's hard to find 80% of their blitzes we'll get 8% sure. After twenty years the money and zero. 466000. Dollar cash considerable growth if you're paying 3% these per year the money would only do worth 264. Hole I. Now let me just disappear because the face wow and we don't like fees because of the obvious reason. It's money that could have been an account that is it's illustrations like that to inflation is taking money away. Or fewer in a bank account and you could be earning more somewhere else you have a net loss every year what got us up to hundreds of thousands of dollars or so was like Tonya. So let's do this then we have a limited number of spots because we have limited number of hours in a week. But for the next ten callers who call in today. We're gonna create a one page when each review that this review indicate if your need of a full blown financial plan. And this review combined with we'll help you with that total retirement when we talk about your personal wealth index when you come in. That's in 19195. Dollar value for the next ten followers should be no fee or charge. Now our strategies do work best for those viewers over a million dollars but if you have at least 200000 dollars we will waive the fees for its part the 200000 is a big save for retirement. Not value the house and get ready have equity in the house but you have to have money put aside for retirement because. When retirement comes. Not gonna cut off little chunk your health and given away every month you have to have that money put aside somewhere where you gonna have an income plan for a fact so if you are one of the next ten callers we will help you buy take in the missed three out of the financial planning process by mapping out number one for you. Where you are right now. We got to help you figure out where you are in the financial world and how close you are to retirement or your retirement. How long your money can last and my goal is always to H 121. So we say plan to 121 very very important and all our plans to run to eat at least 121 with guaranteed lifetime income it's a fantastic offer very important. So and we number one we're gonna look at your current situation to determine if you are over paying in fees. And if we can eliminate by doing a forensic financial analysis eliminate some of the fees you're paying you could experience dramatic growth potential because less money going out more money staying in. Always important. Well also help you by performing attacks analysis that could reveal I could possibly reduce your taxes and if you do that increase your cash flow. But the most important part of a total retirement planning getting you in the right place making sure your retirement as they are and last longer than you do. Is to have a customized income planned done that utilizes proven strategies and techniques. Which could Turbo charger retirement income and if you do that you take the war. Out of living in retirement at all the way to retard at the war is or eliminate it in short we'll help you take the guesswork at the financial planning process for the next ten callers this is they 19195. Dollar value. Gonna give away complimentary absolutely free passport photos more important New York's New York that's right let's make sure we get that total plan in place folks and take advantage of this offer because it's not going to be here. Forever such a wonderful offer finally someone is offering retirees and pre retirees common sense and straight talked. There's still a financial double talk in a retirement sales pitch folks he need to sit down and get a retirement road map together. And bill Capriati who has coached Pete's local trusted financial coach in the Austin area and his team. All translate for you that complex financial world. It's a very clear instructions this is an excellent chance free to get a true practical retirement review and for anyone listening right now the number to call is 800. 8511636. We are you calling you will receive a comprehensive retirement review showing where you are now. But most importantly a roadmap to. In short folks you have nothing to lose call on in that number once again is 800. 8511636. Again that's 800. 8511636. While it's a fantastic golfer yet we have very very important and hope the phone lines are lighting up already there are very very important but folks. Nothing is more important than your ability to generate income in retirement and understanding. How to turn your savings and investments into income. That will trump. Everything else and we come back and talk about how to design that proper income plan. The last two out you and your spouse's life. Listen to talk thirteen seventy anytime anywhere. Radio dot com now. We see it on the news every night many financial experts are agreeing that the markets are Hoover to free float a fluke correction. Now when we hear this word correction it sounds pretty harmless doesn't. Wolf to be honest it's about as harmless as when geologists say that area is over do you foray on Jesus quotes again seismic shift. Now in plain English that means earthquake in the eye correction that the markets are overdue for a well no one actually knows what that means until it happens. That's why whether you retired approaching retirement or was just be real may be haven't even thought about it now's the time to get protection. From that market volatility. Cult built Capriati at 80851. At 1636. Begin at 800. 851. 36. Look I hear all the other commercials up there and backing confidently say that if you're looking for straight talk common sense and a financial plan still for youth. And we have something in common retirement planning does. Have to be complicated take advantage of our no cost no obligation consultation make sure that your retirement plan really is aligned with. Your goals and risk tolerance cult built Capriati at 8085101636. Again that's 8085. Lines 1636. Coach I'm excited about this segment now I is still a bit since I've bought a card that I'm excited because I'm gonna be getting in the market here soon. I just wish I did a couple weeks ago but all of a Mardy was in the inspiration for me to put together a special report digest and tricks the car salesman you. Are everywhere should know about and how to handle and it's more towards the used car but it could be any kind of car got and so. He by our. Does start that's one thing you don't want that to happen right now but every now and then. Still be some tricks that they use of the Carla that'll make the car seemed very nice but when you take it off the lot the next day it doesn't quite look as nice is that on the law Greg Martin a generally. So clever word play is used a lot of times you know many car salespeople use clever wording to persuade you into buying a vehicle. Instead of saying words like can I help you today or how can help you today. The salesperson may choose to ask are you looking for a sedan or SUV today we call that an alternate choice close and in other words that and ask if you want divided this assumed you did to its assault to close for the say would you want to. You would he want to leave today and a ASE V or worse today in an okay and so in your mind LU they've they've eliminated the fact that you're not gonna leave without a car. I thought. In this funny but what about sitting in that office when he gets in there and they get your who they did make it look like you really don't qualify for the car whatever they did just sitting there. And they keep disappear and go back to talk to the manager what about that you've been magically going out and offer would just open it worked for. Another thing is they play this game called quarter with prices OK okay so if you hear that a vehicle cost 29999. Innings in which is 299099. But they say 29999. Doesn't sound as bad that's right but here's one step further they go. They break it down to monthly payments he 455 dollars a month may sound a lot better to have. So first question we ask me how much can you afford remarks on the yet is baffling really gets you to think about the monthly price Thomas instead of the total cost us right now as dependable they're stretching him seven years or longer now over those seven. Years every single month or so seven times twelve Thomas has a lot of people like mullah especially into vehicle is indeed appreciate it clicked it's. Yeah with a mini drive a brand new car off the lot you lose between fifteen to 40% for Raytheon are also. Now one of the tricks they use and then at the Carlos hedges roll the loan into the new loan and also your paying for a car. That you don't even have in your new car payment wow yeah so any stretch of again 84 months which is a long long time to. And Lotta people are paying for cars they don't even own or two cars don't even own so if you wrecked that car whatever right wreck you don't get full full for full replacement value Lotta times wow wow so we have to be careful that long loan terms again that's what we just talked about do you get people in a lot of trouble. Because you stretch out the loan Ewing had the car but you still need to Carson the what you gonna do you know paying BMW prices for a little. VW bug people who listen to get out and gets it what's the number one objective for car by the way of release myself get from point a to point I don't. That's what we do financial planning our objectives to get people from point a to point Z all the way through retirement. This is one of the things we do for clients as we help them when the when it comes time to buy a car we helped them with. Information that may be useful to them to get the better deal were to not buy a card altogether or to get a different kind of car than they are thinking about. Because we need that little voice inside our head the talks some reasoning into us. Fred Flintstones. Had to zoo which was that that voice decided that he had good wanted and bad one member that float around up there and so we wanna be the good the -- for you make sure we give you good knowledge. You may not like what we set a but as for the best for you. And I wrote a book years ago now eight years ago but if it's relevant to this subject here because. Even though it's eight years ago the still comes up every week to list on my buying the car how they kept taking advantage of of the Carla will come out now Marty EU and I talked about this and this is another one of those again folks were talking about the ten dirty tricks that car salesman mood sometimes used them not all can also prevent Martin and you that in your families that car salesman right yeah absolutely yeah and so they're not all bad beliefs wanna educate you on some things that could be going just a little bit off track exactly. That's a nice way to say it right at crypto. At a low balling your trade in Marty how bad does that. Yet to see the blood that happened to me they wanted to be about half what it was worth for the magically they came back and offered me 3000 dollars more a little later. So they know you're already excited about would you be mentally put yourself in a new car rented a strength and so in their mind which I think is in your mind you the value of Jakarta car is not a size it should that you have a print on your excitement because there's a reason why are the Karla because you're not happy with the car guard in their mind. And so they gave offer you a whole lot less in hopes he'll just say youngest rating get rid of this wanna get into the new the new wheels right but it and so they will volley a lot and up to half of the value Lotta times a low ball it just so you can play him and his this wiggle room there and wiggle around placed about that -- at the a wiggle room there is an artist sleeping room a lot of times the net sales of the grey area here. Another game they play is unnecessary upgrades where they basically try to sell you want to stuff like underpin people raise your stuff five cents or Scotch guard on the seats. Which ignored by Candace got started Wal-Mart for under ten bucks but here they charge hundreds of dollars are not starts right don't they do some of total that emotion. Yeah Odeo financing where they're basically offering all sorts of stuff in the play dirty tricks with the leasing very very important though you know we talk about the financial world there's all sorts of mummies to say. When I was on a paper route sheets a little coach speak to Woodson coached or how. For every dollar you have everyone else wants to get a hold that. So the objective to life is to come home with that same dollar that you have to elsewhere and it and we see this more this was back in the seventies. Think about today we're bombarded every single minute with sales techniques we are and so the objective is to come home would what we have and make sure we do when we do buy something we get the best deal possible. What things we do is we help educate our clients on this and we want to make sure that every single radio listener has the same opportunity so if you are one of the next 25 callers. We'll do a total plan for you number one we're gonna help you by reviewing your tax returns. Now this uncovers long term tax issues and your ire razor capital gains and Social Security taxes lots of things happened that people are not familiar with. And many people are overpaying when they don't have to. We're also gonna help you by establishing your retirement income goal against figured out what you really need in retirement and get it in writing we can have that same predictable. And guaranteed income for the rest your life it's called a retirement plan. Very very important so help you by putting money needed to cover the costs of enjoying your lifestyle. In a place that will be guaranteed to arrive at your mailbox every single month for the rest your life it's called income planning folks. And your financial planner many times wants to keep your money at risk because they're getting paid keep your money at risk. We are total planning firm so we have risk and safety. And income planning so peel off some money from the risk world putting the place it would give you a lifetime income. Also help you by analyzing your current investments to establish the real cost and fees. And your calculated risk exposure level. Marty not a week goes by that we know meet with someone who has a lot more risks they realized every single David taking on risk you know they had yet and if the if you're taking too much risk. And don't realize that. Windy usually realize after Arafat after the death of a roller coaster goes. Now and we don't want that to happen and it doesn't have to happen that's the most that's the most I guess saddening thing in my world. The most baffling thing in my world as one people are lied to. By their current financial professional and they don't find out the truth until it's too late to do anything about it full transparency in what we. Pride ourselves on here golf to do Sherry and we are fiduciary spokes we put your needs ahead of Morris. And we also help you determine the percentage of assets needed to protect your future income needs in a considers taxes and inflation which would basically put the total retirement plan together for you. Our goal here at the shows to help you make the best decision possible. So if you had any questions about what we're talking about how they apply to your own situation. You can sit down and get a retirement road map put together and still Caprio ID who has coached pizza local trusted financial coach in the Austin area and his team. All translate for you that complex financial world and so very clear instructions now if you wanna take advantage of getting this truth practical retirement review all you have to do was give this call 800. 8511636. And remember when you come in you will receive it comprehensive retirement review that'll show you where you are now but even more important than that took some shady that outline that roadmap that vision TD you. Where you need to be to end three retirement. In short the shout nothing to lose that number once again is 808511636. Again that's 800. 85116. 36. I. That sound is what people think about win they hear the word life insurance gonna try to clean that up and show you why life insurance could be essential. For retirement winning as it is the last thick glass. Folks that much more when we come right back. Are you losing sleep over market volatility affecting your hard earned retirement savings you can't afford to lose 40% of your best day. He did in 2000. Many people want they can guarantee you reversible but also prefer the potential hire her. The market now you can have a close call feel Capriati yeah. 851. 36. In the 885. Y. 36. While we have covered a number of topics on the show everything from tricks played. At the car alliance how properly fund the retirement essentials we need to know now that you guys were talking we have coach Pete in studio alongside Marty Hensley in between breaks here you guys were talking about mutual funds sounded really insane when church because of my chair now with our listeners out there. Well you know mutual funds or they've been around for awhile now and it's a question of stocks in the basket called mutual funds were bonds let your sport or real estate Lotta times two a cup but let's talk about this and this was again going back to we we talked earlier. In the show let's go back to the future. My daughter get a kick out of this last weekend when she was less than the show my wife she said daddy you played back to the future songs. And I'll let yourself trek stuff Vanessa well we do this whoever we go back into what I've said in the past either on the show or into the putted passion knows who or when I've talked in the past in the public as was based on a speech I gave in 2007. Now in new York city of Atlanta and allow the title of the speech was little mistakes big headaches. And some things you wish you wouldn't listen to me about it the next year end Anthony abbate is a really foreshadow wow I didn't really. Realized myself how much of a foreshadowing what Seattle we talked about how your banks are under paying. Interest rate wise which we still see today in him as a maybe worse today and we're lucky to get 1% in the CD or something like that but we have to take that as a and as a way Agassi but we're in because we need to have some money in a place that we can get to right away if you liquid money and its emergency money. But then I talked about mutual funds Boca and dissection the speech was what's wrong with mutual funds seek. Too many experts not enough facts hope go out and you hear about one fellow on the are always talking about and we can't we have people come in single so and so said that I can get 12% return mutual fund via a Iraq and you wanna go on well yeah number one if it was that easy banks will be out of this easy for if you could just go put money in one place and a mutual fund which is risky. And get 12% return everything we are guaranteed. Why would you need to think again we have 1% to Tyco while twelve I returned as well everything else. But it's not like that right so here's what we need to realize about stock and bond mutual funds are going to be real estate mutual funds they may lose value and so there's taxes on capital gains and dividends in non retirement accounts inside mutual funds we have what I call the triple play. Commissions. Fees and expenses while initial blast while and if you're paying a money manager. And a fee every single year in water right and that money manager turns around invest your money into mutual funds now you have a double speak. Did you pay his fee and then you're paying the mutual fund things okay well we have to be very careful and so let's say somebody had a 100000 dollars and a mutual fund. And they lost 40% which happened this is my example to see it right here these are my notes right example I showed on the screen this happened the people less than a year later after a special example onscreen. The 100000 dollars would now be 60000 ranks because you lost 40% OK and then ask that everybody you know when it's 40% down 40% up not equal. You figure hey if I lose 401942 things back to normal right Torre asked they would get close we did fractions beckons a second or third grade I think it's everything's fine and well it's not. So if you're down 40% now I have 60000 the next few eagle up 40%. You don't have a 100000 now you know 84084000. In both so that's a lot different. Then a 100000 and you were down forty and up forty should be mentioned you mark tomorrow's most deeply into this out so will moderate you know what kind of return you would need on your mutual fund if you were down 40% one year. You'll come to return you need the next year to get back to even the 100000 start with just he would even low 67%. Oh wow dove down forty needs to be up 67 just to get to even while this is when math goes against you Marty for political real solid 2000 and it scared you cannot put up on the screen variables that could affect your mutual fund a pick sic has member 2007 we are truck and went along everything was fine astray everybody's mind groundout off. I put. Oil and gas. The dollar terrorism fraud stock scams tight stirs inside trading etc. now about everything there happened the next UF OR. I mean Bernie Madoff and that the oil and gas and then the all the insider trading the mortgage and the mortgage fiasco not all that kind of stuff you know Bernie Madoff Ponzi schemes though fraud stocks can't. Everything have you had those day in our room my wife and I got married the year prior to that I remember our first years there is was when gas was up four dollars a gallon. 350 some crazy yes we reached the tipping point where people discuss sustain anymore and the economy collapsed and along with a lot of people's retirement yeah they found out very quickly what a CM awards. Yeah then so will explain to people it's collateralized mortgage obligation right CMO. I think you know that term either denied it and we just heard the mortgage stadium's right but the CMO and basically they took your mortgage and divided in a hundred pieces and sold told from people while as investments and then the people stopping in a mortgage investments stop returning your own with dominos started happening to stray so what I said the final point of this whole thing about what's wrong with mutual funds during a speech was it's time to take back control. And so easier said than done a lot of people said what's not really easier said than done well we did is we look at people's portfolio we do today. And we say we'll there's nothing wrong with taking some risk but some of your money people let's take some of your money and put in a place that won't be dependent on any this junk that could happen in the future and will return a certain amount of interest that you don't have to worry about. And could grow your income account by a 7% per year. You know preeminent every day absolutely and then in the future whenever you decide. You flip the magic switch. And a monthly or yearly check will come to you and your spells for the rest your life's never going to weigh never depended on the market very important golden couple innings. That's what we do for a living here. How many people forget about that. Then again nothing wrong we take some rest but with it's easier take risk when we have our income already set aside this right you have a safety net. So we have our money coming in are well what's so to speak for the rest pro life right retirement could be 304050. Years of unemployment let's make sure we have a check coming or two we're three we designed something called buck getting strategies which gives you more than one check and retirement each and you decide when you wanna start getting the checks the longer you wait the more the money is gonna do you take controlling the money yeah if you don't like we eat in the stock market the longer you wait there's no guarantees your money's gonna increase. But in the income market the longer you wait to take your income the more income you're gonna get Erica and it's guaranteed for richer life nothing guaranteed in the stock market took just have to make sure that we do money managed platform too but we only advisor clients take risk the money they can afford to lose for sure after they've already established what we call the court. The core is money you're going to need export counts of money we can take risks with. Very important many people don't know that there or is terribly stood diminish very quickly with Janet red zone many it would end of the advisory doesn't offer the income type accounts and certainly that advisors going to be pushing you to stay in a financial plan and not transition some of that money into retirement plan called the retirement transition. If you haven't heard about this which many people haven't. I'm baffled every single day Mardy I think you are too that's got to support talk about the break who loved about mutual funds and how many people are a 100% at risk yeah when they're getting five years or less away from retirement that is financial suicide nurtured register click throughs duplicate CNBC suitor tarnished did you wanna be able to turn the TV on when you want not to have to look at the stock Tim received your retirement they're done and so we called the green flag on the mailbox which as you walk out to the mailbox each and every month for the rescue life in this a check it. Not a bill. Or there may be some bills but the checks going to be into the pocket and so it's a lot easier to pay the bills we haven't checked the bigger than the bills come again didn't complaining when no one. Folks many of you haven't heard about this don't be embarrassed and don't be shy. But to get a second opinion it is vitally important to you get educated and you get the right place for the right time your life so if you're one of the next fifteen callers. Who call in right now. We're gonna create a one page please review. Now this review would indicate if you're in need of a full blown financial planner or not and this review was a 995. Dollar value gonna give away absolutely free complimentary. Would no obligation to the next fifteen followers who have at least 200000 dollars say for retirement. Now what this will consist of us taking the mystery out of the financial planning process by mapping out for you. Where you are right now. We'll also run a three report to help you untangle what working with your current planner or advisor is truly costing you and see if by simply protecting your retirement investment. You could experienced dramatic. Growth potential. Well also run attacks analysis to reveal they could possibly reduce your taxes and we'll run a customized income plan. There will utilize proven strategies and techniques. Which could Turbo charger retirement income. And the most important thing take the warring out of living in retirement. In short we'll help you by taking the guesswork out of the financial planning process just for two to one of the next fifteen callers that's a comprehensive financial review. That's a 995. Dollar value gonna give way complimentary would no obligation. You know the first step really is to sit down with the financial coach is something that we're talking about on the show it's a resonates with you any feel the need to just get that second opinion or if you wanna make sure your plan really is aligned with your goals and that very important risk tolerance that we talked about. Just colon and you can meet with Phil capriati's whose coach Pete local trusted financial coach in the Austin area and his team. All translate for you that complex financial world into very clear instructions to take advantage of this true practical retirement review all you have to do was call sent 800. 8511636. And you will receive a comprehensive retirement review the show you where you are now. But much more importantly a roadmap to do you where you need to be. That number once again is 808511636. Again that's 800. 511636. You don't want wired world of sports I heard all this. Folks we come back we're gonna talk about how important the financial threesome is to you Social Security when it reports retirement income planning reviews and learning about proper. Index strategies are put right back. After this. Right choice for breaking news first to talk thirteen seventy though right so. And absolutely fantastic show we've covered a lot of really great topic so far on the show. There's something that I think we need to get for her listeners and ask the total retirement plan L I would I was hoping we could pick your brain open up this topic and really did in front of people as I think a lot of folks struggled with this area. They have got in my front may want to talk about sixteen questions you should always asked when choosing a real tour to solid of that event but you know let my one of my favorite commercial growing up otherwise just accept my head with the Mikey commercial for. Has certain cereal with sir was that a odalis sold wave before migration serial port of life the right drive and Mike you like much to try to get prepared. So we see this a lot of times in the financial world a lot of people just keep doing the same thing because they're Fries afraid to try something different order could be better form by the way because my serve it was a part of your Bell's breakfast nook an amendment but here's the mentality people take place. Max speed dangerous. If you have a you go for diversity you know a lot of people don't want to be the of the the pioneers says beacon in the financial world if you're not a pioneer anymore if you get left behind you are basically one of Billy gets left behind so we have to make sure we get the right plan in place and that's why designed. The total retirement when you were asking bank GAAP and which is 22 different steps that are mainly done behind the scenes for our clients are for the radio listener. And in a series of two to three appointments we accomplished total retirement plan while which is a living breathing document which can be changed and modified any time needed to be. But the most important aspect of the total retirement plan is one that's overlooked and every single financial win that I've ever seen but it was that's retirement income that is guaranteed for the rest your life okay and what's the most important thing that we get we get a retirement. Got exactly what that income to be certain. Fulfilled without. So do we want a note that we walked to the mailbox. Every single month at that certain day of the month. Which just wanted to the mailbox but you know what the nowadays that automatically deposited right your checking account anytime littered but we want to know every single month at the income we promise is going to be there right stuff that's in complaining wanna want yeah. Now we don't want in 90% chance Ian comes going to be their do we all know 100 to 100 act now not certain sound bad. Add an unless we see that there could be a 100% so hundred cents nice and so. We were talking about earlier in the show held how just to how many dirty tricks are played now I gave a speech in 2007 to a big group about. About the little mistakes turn into big headaches and I was warning people back then about some things that could happen in the financial world which did. Not too long after that and you just the dirty tricks that are played. And so that we gave I give a lot of warnings but also gave solutions in that speech. He did well it was interesting is you guys were saying a lot of people still falling into those old tatters like folks under the same had to sing yeah yeah. So let me make an offer here before we leave for the week it's been a fast moving show resident has. So I'm gonna give the soft rail to the next thirty people folks take advantage of this pitcher Barry don't income plan number one. But let's let our team we view your tax returns first you go back three years and save you money also look forward. The protector behind from the tax man. Reduce your tax returns to uncover long term tax issues like higher raise capital gains and Social Security taxes which eat a lot of people live so there are some things you can do to minimize that. Well also help you by establishing your retirement income goal. That's money needed to cover the cost of the majority your lifestyle not just getting by but having a lifetime income he can never outlive which could increase. Over your lifetime so longevity is the new retirement risk let's eliminate longevity risk Marty very very important is that it's crucial yeah so strategic design plan. And we'll implement this plan by analyzing your current investments and establishing the real cost of these just like we're talking about that fee worksheet. And they calculated risk exposure level folks if you're paying too much and peace. Would you like to know about that today or wait ten years from now and then find out you could had all this money you've lost. Back problem no viruses pop up. Yeah I never want to do you know we always kick ourselves we go down the road after pumping gas it's against two sets cheaper down the road. What about a couple 100000 dollars you've cost yourself and your put him because you're paying too much and these are not getting the bang for your. So sure they're very important trip so we also would help you determine the percentage of assets needed to protect. Future income needs and build a true pocket strategy and income planned just for you. 21 of the next thirty followers to call right now you'll see get a collection in my books this the 995. Dollar value. But we think about the money you could be saving and feature paying right now what could be worth hundreds of thousands of dollars. So don't procrastinate I know progressed the nation as one of our biggest elements that we all specialize in eliminate that pick up the phone right now will open the phone lines up with the get a busy signal keep trying. The next thirty callers will get this total planned on three total retirement plan call right now. Just like we've been tackling problems on the show today we can help you assess your plan and your outlook for retirement to make sure that you are on a secure path. This limited but complementary review hope you determine how prepared your investments are to handle all the retirement of falls we talked about on the show those include inflation Social Security health care emergency so many things the stock market volatility. Chris taxation but here's the thing folks most important we wanna show you how to produce a lifetime. Retirement income plan that house right folks and income plan to last short entire lifetime. Not just the lifespan of a bank accounts now to Colin and me with still Capriati who is hooch pizza local trusted coach in the Austin area is 800. 8511636. When you call and you will receive a comprehensive. Retirement review that'll show you where you are now. But much more important it'll show you roadmap to keep you where you need to be. Folks there really is nothing to lose call on him and take advantage that number once again is 800. 8511636. Again that's 800. 851. 1636. And for coach Pete Marty Hensley and the team I am Toms looks good bush knew a wonderful weekend. Look forward to joining you next weekend right here on the financial safari. Tell us we re. Permission on this for illustrative purposes only and does not constitute investment tax. The funds information obtained from sources that are deemed to be reliable when the receiving complete this cannot be guaranteed their Peter. Line for me usage of information discussed always consult with a qualified defense. What guarantees can easily financial strength and claims paying ability peacefully company. Individuals should thoroughly review the contract specific details of the the company's withdrawals from deferred annuities or Joseph. They're into your parent.
READ MOREREAD LESS