Financial Safari, 8/5

The Financial Safari
Sunday, August 5th
The Financial Safari, for August 5.

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

This episode of mania safari does not mean I built cap riady and eat your tax and yeah I. Are all your retirement. And information provided this for certain purposes only and does not constitute investment tax or legal advice information has been getting from sources that are deemed to be relying. What their accuracy and completeness cannot be guaranteed either Peter. Including usage of information discussed always consult with a qualified investment legal or tax professional before taking any action. Hello America it's coach speak this week on the financials are we're gonna talk about a few tests that put that I read this week. Guaranteed income. Even risk free guide to retirement but merely changed like the guy wrote the pirates of Manhattan real good book and just went about income. As well as the building blocks and eight plus retirement plan and we'll have a special. Corporate for the Sean thank you that much more this week on the financial safari. Hi this is coach Pete and if you've got questions and how to properly structured your assets until retirement income. You're in the right place and welcome to the financial safari. Excited to get into the show today consumer advocates Thomas looks them here with you alongside each coach that's right America's wealth financial and income coach is that actually more than 25 year veteran in the financial arena 26 time all my goodness I Campbell I got to update my numbers here he is a registered fiduciary folks he's a winner of XP is in these tallies in police. That is coach Pete to root out. Welcome in coach is always good to have you here also. Crisper power better known as rocket man hello how are you guys doing today. They're good I'm doing great Thomas express can absolutely yeah I'm so well done very well you know she has been flying and edit this as if they're fifth and absolutely. We say after July 4. Demi to better buckle you seat belts up considerably hell week for you know what hell it'll go away we do look at the calendar it's a long way away after July 4 right. But sooner or later you'll be here this is he. A couple of poetry out and sooner or later are working life becomes our retirement life and so we need to have something we called the strategic bridging process. To go from the transition. From the working years. To their retirement years now what are supposed to be more enjoyable work and years of retirement years it coroner's Garrett and his old long and unless it is but I mean dope do we want to remember it took to the popular theme a little bit your Cinderella. A higher. Now she had until wind to to get home on the night and right now what happened at midnight. While that dean pumpkin data out of my stuff happen yeah as she lost a slipper totally polluted she. But but one of things as these the carriage turned into populist right into popular so we want to make sure that our retirement whenever goes back to a pulp and basically we don't have that. They're 'til retirement and it doesn't have to be fairy tale set up the right way. Unfortunately a lot of people I talk to where are told over and over again that they have to do certain things to get certain places though that's not true I mean if you have a gain in a lot of people listen you have gains. It's vitally important that we make sure that those gains are secure. We don't lose the money back you know and later on the show we're gonna talk about a fantastic book came across my desk and and matter fact Barry James dike up talked to him and he semi ten copies give waste will be talking about that later on the show while but the name of the book is guaranteed income. A risk free guide to retirement now what's unbelievable what that. Into world right now. I can't keep it into a no such thing risk free directory. Yeah but yes there is it's just utilizing the proper strategies techniques and tools. That are available in the financial world currently. And have been. Don't want to know about our experiences and you've heard me talk about this on the show by the way fifteen years on the show while now about is the wizard us he was always that do behind the curtain pulling the strings and he said don't pay attention to the man behind the curtain that. Bush did it at that it. That's. Ridiculous self balls let unfortunately kinda at an abundant and about a rate of school was an easy victory yet but did you give the answers in his right now that at bat and beat people that were paid attention they would write up and they will do good so they get attention is important but if you're paying attention to someone who's educating you think in the not giving you the full story. We're get the rest of the story like all Arby's is say they get out. You need to make sure you deal with a true fiduciary we're talking a funny actually the reason why this is the show was either your entertainment according jokes. I accept that what it's like to hear the Bob Barker sound every now than. Rule. Move. It's not selling your retirement or you really want to get some education and very important say that before when K you're not sure you're doing the right options you claim the right options or you're getting. Close to retirement or your over 59 and a half or maybe blow left the job. And you've got orphan for what K that it's a four OK used to contribute to and you don't with a company you don't work for. It's all about educating yourself on the four OK to make sure that you roll your money the right way if it if it does make sense data and at some there are ways to do attacks three. Without touching it and if we can roll this many times you want to find the proper home. And I really think that before we can you put a lot of money into it. And the reason might put money into that is for retirement a retirement plan but most people don't have income built into it so you really don't have retirement plan out your financial plan is not a retirement plan. Unless it has lifetime income built into it later on the show we're gonna talk about the building blocks. Of an A plus retirement plan. It's that it's a financial plan immediately as but it went. If you go to work that you put in unpaid bills later that the financial wish or an excellent if you working hard and you wanna retire sometime you need to retirement plan that'll give you lifetime income Dick rose gives you income and it's protected always through retirement. That's true retirement what they read the tea and accents and not just having money put aside and people see in this Thomas talked to me every day Kristy you know system of people come in this league coach we've got this money saved some touches millions of dollars and that's much but we're not comfortable. Because we have no idea where the income. It's gonna come from a retirement now you know what the Royce is you you make sure to. Pay is less taxes possible we do that a tax planning make sure you're in tax efficient vehicles were saving Sega and another way you can cost yourself money you don't have to in the gonna show you the secret to that. Is by claiming the right Social Security strategy to hire more quietly we can help you with the Social Security claiming strategies and looking forward in the tax winning aspect. To make sure you're not gonna be overpaying taxes when retirement comes. We start the checks are retirement we call that. And get a check every year through retirement you wanna have to share much of that little Sam would you want a pocket much out of I don't even care and or legally and ethically do the right thing. And pay less taxes which means more money if you and your family. One that you like to hear about it. Yesterday absent for a cut at yesterday's car that you get today that a typical text right now. All right the number to reach bill capriati's who has coached peace local trusted coach in the Austin area is 800. 8511636. Again that's 800. 85116. 36. And later on we're gonna talk about the MarketWatch CBS MarketWatch had an article here's what's Smart people really do with their nest stakes move OK I want to what is talking about it and I do that now. It honestly that's a Smart person words from their mistakes but it genius Ward's mother people's mistake doesn't really Smart people and I've read this article. Very very ingenious ways to make sure you save your money and don't run out your money when you need the most which is. All we threw retired astray and we can't we don't have a magic number we don't know when we're gonna pass away. And we don't want that somebody will listen to the garage and say here where you basically tell your money and I just stay over there for awhile and know what appealed to do we want wind wanna do it that's total financial freedom we hear that term. Chris you're the term Solis is a want financial freedom oh yeah. Yeah but you know what its freedom really mean to you. Braves have to answer to anybody else do you got to do when you wanna do it and getting all he wants and needs covered all the way through retirement that's financial freedom exact cartilage. That says some of learn from you could just never necessarily about a dollar amount is about achieving that goal this desire for ourselves as we head into retirement but let's can be fun. If given at a weekend we just did what you want to do. What does he musicals weekends twist when you likes to tell right here at at and for that. 2000. Out listen I have not had a relief and flopping a couple to accept it at that as well we have fun here. We get and after that you know who knows what happens but I mean I am not getting the right play in a place and doing the right thing for you and your family and working with a team you could trust to our fiduciary east folks that means we put your needs ahead of our needs every single day. 26 years in the financial arena than do in that same process putting everyone ahead of me as far as I make your plan for you not from me since I started so it's it's not a new concept us. It is for a lot of financial folks evidently you know don't understand that they need to put the quantity that they are assembled and it's citadel outlets uncle read so we'll talk about that later too but he called the next fifteen minutes will custom designed for your own easy to understand. We financial and retirement review initial indicate if your need of a full blown financial retirement split. And there's no obligation or cost for this initial review to all callers who have at least 200000 dollars saved for retirement. Now I think if you meet those qualifications here's what you can expect. First gonna run that forensic fee analysis that people love this because we help you buy on tangling what it's costing to work with the current winner or advisor or even yourself. We've actually like a protector investments and keep more of your money and you're counts. Well to do attacks analysis sick of possibly reduce your taxes and increase your cash flow but most importantly we will create a customized lifetime income play and this uses proven strategies and techniques. The good Turbo charger retirement income and you'll never run out of money gets set up the proper way that's very important does that so we're gonna help you by taking the guesswork out of financial planning process for you. The state 909 I dollar value but no cost to the next fifteen people who call right now. Finally someone is offering retirees and pre retirees common sense and straight talked. Instead of financial double talk and a retirement sales pitch folks you need to sit down and get a retirement Redknapp together. And bill Capriati who has coached Pete's local trusted financial coach in the Austin area and his team. Will translate for you that complex financial world and have very clear instructions. This is an excellent chance for you to get a true. Practical retirement review and for anyone listening right now the number to call is 800. 8511636. When you calling you will receive a comprehensive retirement review showing where you are now. But most importantly a roadmap to teach you where you need to be. In short folks you have nothing to lose call on and that number once again is 800. 8511636. Again that's 800. 511636. It's when we come back we are gonna talk about what the Smart people really do. To help the mistakes of retirement. Listen to talk thirteen seventy anytime anywhere on the radio dot com. Welcome back into the financial safari consumer advocate Thomas what's come here with you again alongside coach Pete the route he's America's wealth financial an income coach. As well as Chris Brett Howard now. Before the break there 'cause you were talking about how Smart kids Smart people in general what we can learn from them and I wanted to bring up something I'm always heard this it really does my whole lot money for it to is who you Lars really an average of the people that you surround yourself within my parents she's encouraged me growing up. To set the standard of my friends a little bit higher to make sure that I was going in the direction that I wanted to be and wasn't being drug down by my peers around it. So I'm excited about this segment because if we're gonna get into what what Smart people what those millionaires and people who were really successful and when you're doing it sounds like we need to listen. Not yet titles here's what's Smart rich people really do with the nest day alone and heart we'll start out. It's that most people think they're above average in intelligence relations status and professional achievement after yet social scientists call this illusion Gary superiority awful and in our let's let that one of the most shocking things is that low level financial literacy throughout our culture. Is prevalent and its independent education and he really don't really know what's going on at emotions take over a lot of times when it comes to investing. You run into negative emotions embarrassment frustration guilt at all leads to paralysis. By analysis he vaguely heard that before. I do you have what you talk about this all the time about how we just don't get that education we need either Weathers through high school university we really have to train our selves and and these are the moments when we can do that. Yeah and the article said that this probably sounds like use it to sound like you because a lot of people say yeah that we we we get caught up in. The ebb and flow of the market we don't do that things were scared of doing a picture and so they said that two thirds of Americans can't pass a five question financial literacy steadily Cora ephedra. And then where is the industry run regulators that oversee stockbroker so Mika is the the watch dog they ought to talk yeah I questions for. And that's because fundamentals of finance are boring and aggressively so another words people can where the heck out of the -- in essence of Joan V more than what the heck are they on the radio or Canada and that's what they'll try to entertain a little bit mix in some financial knowledge what we're talking about things but he got to understand it you need to grass the interplay of money and time and that's just hard for humans to do the article says both money and time are abstractions figuring out how they relate is a real challenge so time is money we heard that before and money is time. But what time should you lock in your money what time she do that you money roll on the table Roosevelt was allegedly drugged then we go to the paralysis again though. Building the nest day there's two distinctive ways that people fall into traps here. One group tells themselves that they don't understand money and delegates responsibility to professional so they get a money guy. Who seems capable of investing their savings and then they just forget about the money for few decades that Kenya I got a god for that right it. Right the second group does the bit more education and we'll talk mistreated as they think they're getting a lot education go online to Google all the all the financial information and they open up a trading account while down the thousands of dollars and start hunting stock tips hotline at ten. Those are dangerous if and they may make some money right away the worst thing to say that can happen is if you. You when you start to an adage you get lucky and hit a winner to begin with and here you know morn everybody else yes so they say both approaches are extremely risky for different reasons than the first group the one that. Headset they have a money guy. Basically bulk involved victims of scams that happens all the time unfortunately and they even know maybe they get reasonably good investments but they pay high fees. For average long term results. And I know people listening right now probably say well gosh here we are paying a lot of money in and the mark to going real well we're really not make it that much a tank you know whose whose retirement funds are you funding went on cures or your broker is not strong or to deal with a non fiduciary many times the fees of course I actually devour returns that said the typical investor pays 1% or more for investment advice and another 1% of these for mutual funds bought in their names up to about 2% of war going out every year while after earned 4% just earned 2% up. Our noses the fees at their publicly display LC and there's a lot of listen he's talked about it and then delved more than rating agency that ranks investor behavior also choose that 13 or one half of investor gains is absorbed by fees Putnam on guys that take this out that says the money guys take zero risk it's not their money short man as yours but but never lets get a huge -- awful well you invest your money all day long and I have to return or whatever and you don't make anything I'll get on with your money is even the market goes down there's still making daddy's yacht and a think about it that's just that's where they come out hit the market goes down you made zero where he made negative number and they made their 2% the net on would have rebounds was like about losing your money the only good thing is your delta smaller therefore there is a small. All right so again the person who does their own investing the article said who thinks they know everything can get. Can fall for scams online too glib about everything you see on line is true. Mr. Bennett is they'll bargain stating that amateur traders fall victim to the Al Gore effect named for the market research firm that tracks how dramatically individual investors underperformed the stock market over time this happens because the small investor thinks he or she. Knows what he or she is doing. So there's a lot of buying and selling and basically go in and out and made you make some money that you lose the money but over time you're not doing that goal and our idea. Not good so we have to be very very careful on where we've where we've. Dead or money or save money and contrast that are finds that the average and we'll investors saw return of just two point 6%. Over the last twenty years. While not a good time while the US stock market ever seven point two but the average investor only were there are two point six really happy with that is with that money manager. You know just some we sometimes what some thought were down shorts the final piece of the puzzle in what Smart people do is to avoid emotional risk. And the chance that you'll end up selling when stocks fall. And buying when the way to Biden and for many people having a conflict free financial advisor is the solution otherwise known as us fiduciary like we talked about he and the article went on to say that front line people are financial therapist went back at us a call myself the Dr. Phil financial is that it is basically we have to talk things that would folks at times and as a para El Paso. There is an answer though it's the article continued to say at the end. Educating yourself on how risk adjusted investing works in the real world they'll risk adjust to meet you don't have to take risk but your money to earn money. And the Smart rich people. Are taking some of the money off the table and putting in to places they can never lose it again that still gross okay again and that's gonna time what we talk about a year of segment three of the show. Guaranteed income the book called guaranteed income they risk free guide to retirement by Peary James dyke who talk about that book in detail. The next segment show but it's just important they're what the article basically said we read it. Basically written review with the on air. But I think it makes sense right to edit a desk people that are falling for the big did all the pie in the sky is that their investment advisor or financial advisor tells them. Yet the only person who released this coming out ahead is the person who hasn't taken a risk but is making money off your wrong. And then we have the person who thinks they know it all doesn't need the investment advisor or financial Basra maybe they do. Pet Ecuadorean and again and visionary scenario or. That's that's an amazing that term a lot of light. That we know what everybody else everyone thinks they know moral have been a doctor party to wither as one or two people in the room. Really think they know more than a half and got a president never never shuts up right and that before so it's just about making sure that we have there's the building blocks. Of an A plus retirement plan we're gonna talk about that didn't instantly drawn here to show to. But it's it's about being in the right place and and how did you do that well there's a three step process we usually talk about it to the next fifty people who call. Who have at least 300000 safe retirement will go through the three step process with you. And it's basically your goals and objectives we call the client experience a total client experience building the eight plus retirement model. First is the vision leading. What you want what do you want to have happen we're gonna clarify together. Where you wanna go and life will identify strikes opportunities and consider potential issues and concerns that may. Or may not be realized by you or your family of what your thinking about. All right after that meeting if we agree that there's a need to go forward if you have some goals that that we think are good goals and we can we can put to get a plea if we will schedule a second meeting. Who yes will assess what you have. And that's where review your personal financial information will help you organize your finances and address and correct. Potential issues and concerns. That you might not realize we call this financial termites they may be into port boy alive right now it makeup this may be taking too much risk worth the time your life. You may not realize how much you could lose at the market with the wrong way you may not be taking enough risk. You to get a good return you may not have lifetime income built in your plan and that lifetime income plant could be growing when you're not using it and it won't shrink if the market goes down that's very important. So will will put that together and we'll make sure that you have your current situation plan outlined and what you should be doing going forward. Together we'll determine if you are fit to schedule a strategy meeting. When we do this strategy in a petition beating we put together your financial and retirement game plan very very important for reaching any goal requires action. And with the implication. You have an easy to file path. Formatted for reaching your retirement goals not somebody else's retirement goals not your brokers like yours what you want to have happen this is very easy to understand very easy three step process that we love to do it folks if you all the next fifty people call at least 300000 safe retirement. We'll go through this three step process with you this at least a 9099 dollar value no cost or obligation to keep in mind our strategies do work best for those of you with over a million dollar safe retirement. As long as you have at least 300000 dollars we get started working for you on this three step process. You know the first step really is to sit down what the financial coach it's something that we're talking about on the show today resonates with you and you feel the need to just get that second opinion or if you wanna make sure your plan really is aligned with you were goals and that very important risk tolerance that we talked about. Just colon and you can meet with bill Capriati who has coached Pete's local trusted financial coach in the Austin area and his team. Will 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. Much more importantly a roadmap to edu where you need to be. That number once again as 808511636. Again that's 800. 8511636. We'll come back we're gonna talk about the building blocks of the eighth plus retirement plan and we're gonna hear from Barbara Corcoran. From the Sharpton. Look I hear all the other commercials up there and I can confidently say that if you're looking for straight talk. Common sense and a financial plan still review and we have something in common retirement planning doesn't have to be complicated take advantage of our no cost. No obligation consultation and make sure that your retirement plan really is aligned with your goals and risk tolerance. Cult built Capriati at 808511636. Again at 800. 85 lines 1636. Now welcome back and folks that's really show like it always is you know this that on a show and look forward to because. Talked to Barbara Corcoran earlier and from the shark tank. And got a couple of quotes from her one is a quote she has with Kevin O'Leary know she's mr. wonderful on the show and she's talking about is why this is pretty funny. I'll work by a brand and O'Leary wind let me make. Action which is not something you drink wine how big going to be I think he's crazy. So it's just got a point there. Tell anyone it's all there by the way opportunity and a lot less risky if that is the only real Gary whiskey sounds good doesn't it about you Thomas reports of shots where it was nice that there's presents a problem. Big ball ice cubes and uniformity get you know why people use that big ball excuse. Over the doesn't watered down these these whiskey is bad ultimately it did an and it doesn't like you little chunky or dialect the sonic Michael zeitgeist Eminem Elton yeah they'll throw quit and then have waters it down to the big bowl you've seen as big balls aren't like the fancy places where they put that in the glass offensive glass and and you. By the way. Having a different glass makes a big difference like I want to wine tasting one time a few years ago when they had different glasses say one different glasses and the wind takes the totally different with glass it was too thick real that how high interest don't believe me try that sometime but yeah it is. It is real blast which is a real expensive and less in the news like whatever glance at the hotel room centrist I wanna try glass and it really makes the difference as does the temperature the wind obviously and Dell hotline when it's in the summertime going into it I want yeah I don't want at least in little courts. That was the comment don't suit suit you know she's she's pretty Smart you know let's go let's roll with the number two where she she talks about somebody. Great to see one of the people they got to be at least 101000 dollar loan sometime on the shark tank looking for millions of dollars. Well like rumor had a good coach he's know what I never even thought of that and wanted to play in the coach my passion. Many on the open. Obviously Larry it's a you are the tell applicant has today. Yeah it's going to be really appear to talk about like that. You never know until until we stop bad it's always good here to talk it didn't hit it down just got done to the bad about giving a leader on the development staff that's gonna and I was like a high note right there and talk to a let's talk about this great book there James dike he wrote a series of books called the pirates of Manhattan number one and number two. And he talked about how Wall Street was written people often if you haven't seen these books go to Amazon again Leo wonderful books and and it makes a lot of sense when your freedom and Barry James dike was a trader on Wall Street does not like he's just looking from afar he was in there really well. Within what they called the sausage that Pakistan is not a candidate like what is going on a way he's a buddy of mine have been invoked a few times we spoke at the groups together the name of the book is guaranteed income. A risk free guide to retirement now what does that mean we think about risk free to me. You know it's talent to anybody ever risk free retirement bureau put the money informal occasion you haven't picked these mutual funds and showing yet. What could happen when you look at the track record and has responded really well Lester here's a bit and it that it was him yet. That does flotilla album really want they really want this. Nor are they want us one account to sleep well at night account of how to get him we are they who's talking about it. And why doesn't your broker want you to know about yeah an open question identifies it is twelve chapters. The talks about the collapse of the American pension now we can all breathe there's not many pensions out there right now the only pensions I really see your ones were people up to fund themselves let my wife works for the attorney general's office state employee. She's got a pension. Dissipates and attention are taxpayers should know she does that you got to take another I don't think that's accurate but it comes out of her paycheck OK okay would you like teachers that are listening know what state retirement plan is because money comes out of your picture on the floor and Jennifer professors do if you want to fund extra amount of money you can contribute to solve the gulf war one K or 43 they can't attract more AT SP of your federal employee that's money you put aside for yourself. But the pension as far as the working for companies. My father left 25 years that I BM they had a penchant for him that he put extra money into but they had a pension where he worked to certain years they didn't surmount payment for the rest of life at the Pope. Right appellate court is offensive to everyone. It was against vital and especially when you're heading in to retire Reid talked about it often how important it is to have a secure foundation. Absolutely and then chapter two new risks and retirement mutual funds are not delivering the solutions now most people know the mutual funds are many times over priced chore. They're collection of stocks in the basket. You may have a question mutual funds but each one of those mutual funds may have the same stuck to the basket so you're not diversify in the ninth under now diversification people here it's so much and in listening more Schneider goes coached on what diversification again well. Diversification means something when the market goes the wrong way yeah because if the market goes down and you have peace they mom diversified I'm not worried about it at ten mutual funds like a bump stretched that'll replace some of the market can't affect me. In the market goes down let's say 50% you go down 48% and you want to diversify while Jeff because most Ian and again this is hypothetically but if you had mutual funds in neighboring mutual fund had the top ten holdings and a lot of the top ten holdings are the same. Apple Google all the companies. And if your mutual fund manager you'd be crazy not have this big companies and there chore physical window dressing if they're up big department there. You were there when it happened how people look at you respect this is so it shows the stocks and there's no stocks are up big. Doesn't have it on to say when they got into yeah I read write and tell a little bit oh you know I've tend to favor the exchange traded funds or even that you managed portfolio with individual stocks and me so we have a money management understands that but you never should have all your money in one place like that mix too many people in the forward okay that's about the only options out there yeah he's going to cash account which doesn't hurt anything where you can go risk accounts. Or you can do target date bonds or bond funds which are the worst things in my opinion because as interest rates go up. Bond values go down to get to be very careful because we're in a very low interest rate environment we are and so do we have proved to go up interest rate wise yeah shrimp with volatility in the bond funds are beautiful if you are there individual bonds not as bad as bond funds because you're not too muted bond funds you can trapped in that The Who knows what to avenue on top yeah right arts and just after three a tidal wave of speculation. Americans exposure to Wall Street gambling continues folks that chapter number three in a sport. Is amazing because of the dead defies almost everything I see in a day to day life is the financial and investment advisor is I see people taking way too much risk. On stocks they have no idea about it and just look good example that now the state we see the electric cars here the company had made any money. Amazon even though I use it out here that the company had I want enough. It was also a big profit so no thought that a company. Thomas if you opened up a lemonade stand and I funded you. Ten years ago truck and I gave view that a hundred dollars to buy onto limits and you gonna give me half the profits when you made him and you can tell me yes you have to give you more hundred dollars more to buy more cups and more limits each year an issue Seko to get close let me profitable. When am I gonna take to take a hike. I'm like yours ago and 8000 is that even if. So that's what he talks about here in the tidal wave of speculation America's exposure to Wall Street gambling continues at a very very important of people identify. How much speculation taking but we talk about our own individual plants we need to go through a strategic development process so he won the next ten people call right now we'll do that for you first minute review your tax returns to uncover a long term tax issues that exist in your diaries. Maybe capital gains as the stock did you have at Social Security taxes a lot of people are overpaying on those taxes and more we can help show you how to minimize or eliminate some of those unnecessary taxes. They're gonna establish for you your very own retirement income goal. This is money needed to cover the cost of enjoying your lifestyle not just getting by just too many people are just bored about. Getting by a retirement. I don't wanna just get by a lot retiring until I can have an enjoyable retirement doing what I want when I wanna do it covering all my wants and my needs at every single year. Financial Phillips where my money is replenished. I have income streams that will never go away that is very very important and we can build that for you yeah if you call Russell analogic corn investments to establish the real cost of peace how much he really pay. How much do not realize your bank has a lot of people say well I've been it's very small here on the statement us again that's what they can show you another want to show you all of these let's analyze let's do it forensic analysis let's do X rays and memorized of your portfolio let's see what your real calculated risk exposure level is. Let's also see how many feet your pay you don't realize yeah. Both of those are calculated risk exposure levels we look at based on the risk you're taking right now. What could happen to your counts. If the market went the wrong way and let's be honest folks it could happen somehow I think it might happen it absolutely could if it did what would happen if you a couple of years away for retirement you've got all your money exposed to risk in the market goes the wrong way what's gonna happen when you're not gonna retire or not we don't you want to yeah okay when he wants failure not gonna get out there and it right way. So if you have a gain blocks and they gain and get it in a lifetime income plants and then kick the rest of the money at risk we'll make sure you are. Calculating your risk exposure level make sure you're not paying too much in peace. Don't put together your very own income plan will also consider taxes and inflation make sure yet increasing income all the way through retirement. All the way to 8121 of beyond Thomas this is invaluable I think everyone listening to call right now. Our goal here at the shows to help you make the best decision possible. So if you have 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. Will translate for you that complex financial world into very clear instructions now if you wanna take advantage of getting this true. Practical retirement review all you have to do is give us call 800. 851. 1636. And remember when you calm and you will receive a comprehensive retirement review. That'll show you where you are now either more important than that books or shady that outline that roadmap that vision TD you. Where you need to be to end through retirement. In short hook shot nothing to lose that number once again is 800. 8511636. Again that's 800. 85116. 36 we'll talk more about that and many things we come right back. So very important I was talking years ago and I've dug up some notes when I talk to a group and I and and I think he's no super important and I think they're still important today. The money will really doesn't change yeah the investments can sometimes but the strategies don't core principle yeah and so what we were talking about in this event as how to protect your money. And the question the the main question was that the requesting can be protective preserve your assets against market volatility OK just a question big question and answer buddy and in the overall consensus was not. Really if you're taking and again because we were talking about that to people than 41 K okay. And four we case usually have a bunch of risk choice is not much so they fret and if you wanna be safe you're in cash and a four OK which means you're not making any money at all you're losing money safely. Because inflation there and so if you're making zero. And inflation is ready. Inflation major buying power shrinking by the wayside by 33% per year reign you are losing money safely and he's so what a lot of people don't realize and what a lot of companies unfortunately don't do good job of doing for people. Is educating on the fact that once you reach 59 and a half. In you're still let the company you can actually roll that money tax free into your burial IRA account by individual retirement account and now you have. 101000 Joyce's the dead at twenty of 32 really well okay and some of those choices about building your own incomplete and every. And that's very important race I mean again think about this even in is a nineteen year old it's important to know which incomes gonna be a year let's go right. Gotta figure that out yeah. Got an excellent next illustrate where pets so we look at where the money's gonna come from in retirement how long you have to retirement and if you do the right things at age 59 half. If you roll the money into your own income when maybe you can retire a little sooner because now you don't have just alarmed some time bomb sitting there. You get a dedicated and threw incomplete and then they'll be there for the rest your life definitely and social pension because before we case were founded because company stop paying your pension right. I remember that yes we actually had a great opportunity to talk to someone who helped write the original 401K. That Ted Diana Nyad there are actually wrote a rules a month that yeah but you know -- the reason why the 41 K was established was because companies weren't having pensions anymore you had a pension from a company promised yearly check for the rest your life right short so what's the difference between a 41 K and a pension plan is that is the four OK just due keep what you put money latex deferred and you you've put money in different savings vehicles or investment vehicles. But it doesn't promised a monthly or yearly income because I used to halfway there yes so it did you have the journey it's on the relay race of life it gets you around the track really good yeah but then it's time for it to hand that the time off season to somebody who specializes in kicking right through retirement -- -- you have so they have the fastest sprinter at that to to to get you to that point but when you get to retirement. You need a marathon runner makes a lot of sense and so a lot of people don't have that so we need to have that yearly paycheck in our 401K. Starting over again is not any fun now and especially if you're already were to the point where you don't need to take any risk as Girardi had the income you need for retired. We already have the money that could get to the incoming data retirement but current winner and told about it each. So if you're one of the next twenty callers is really for the week year given my folks to get a busy signal keep trying Tom's gonna give his number out a minute. But if you're one of the next twenty people who call. We're gonna do for you a one page finance review. And this review will indicate if you're in need of a full blown financial retirement plan we're gonna give this way into the next when he people no obligation or fees. And its top Metairie. If you want next when he people who have at least 200000 dollars say for retirement now what this will consist of has taken the mystery out of the retirement planning process by mapping out for you. Where you are right now we're also gonna run a free report folks in this is enlightening it's not it doesn't make you happy sometimes we'll we'll help you untangle. What working with the current plan or advisor is truly costing you. And see if by simply protecting your retirement investment you could experience what we called dramatic growth potential. Yahoo! makes this the analysis is that you're current advisor many time home as we expose things in the financial termites and show you why you have financial evaporation in your portfolio that doesn't need to be happening it's true we're also gonna perform attacks analysis and also can reveal they could possibly reduce your tax is very important is that the more money can save you the woman you have for retirement for yourself. We gonna also run the most important part of that customizing complain that utilizes the proven marketing strategy and stray other strategies and techniques which could Turbo charger retirement income. If you do that but you take the war he out of living in retirement. It short will help you take the guesswork out of the financial and retirement planning process for the next wanna callers that the comprehensive financial review. And for the next week callers. 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. The limited but complementary review hope you determine how prepared. Your investments are to handle all the retirement the polls we talked about on the show this include inflation Social Security health care emergency so many things stock market volatility. Risk taxation. But here's the thing folks most important we wanna show you how to produce a lifetime. Retirement income plan that house right votes and income plan to last Jordan higher lifetime. Not just the lifespan of a bank account. Now to Colin and me with still capriati's who is coach Pete a local trusted coach in the Austin area is 800. 8511636. When you call and you will receive a comprehensive. Retirement reviewed it'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 as 800. 8511636. Again that's 800. 51. 1636. Very very good show very fast show very good to have Abby back in the studio to what does the onion the that they thought might never come in every now and then a full day of the union folks for a fresh Evan Turner for Thomas estimates coach Pete will join you next week right here on the financial so far. Tell us PRA. Information on this will do the strength purposes only and is not constitute investment tax advice information has been painful. Sources that are deemed to be reliable when receiving complete this cannot be guaranteed their Peter. What guarantees can easily financial strength and claims paying ability peacefully company. Individuals should thoroughly review the contract were specific details of call us incompetence of withdrawals from deferred annuities are generally it's ordinary income in the year there.