0:00

Mutual funds used to be a beautiful concept. Any investor

0:04

could invest and gain access to professional portfolio management. Times

0:09

have changed. Maybe your investment habits should too. Whether you're retired,

0:13

approaching retirement, or haven't even thought about it, now is

0:17

the time to get protection from market volatility and excessive

0:20

fee structure called Trip Limehouse with Limehouse Financial at eight

0:24

hundred nine four zero six nine seven nine, or text

0:29

Trip that's tripp to eight hundred nine four zero six

0:34

nine seven nine. Again, you can call or text Trip

0:37

at eight hundred nine four zero six y nine seven nine.

0:43

Information provided is for illustrated purposes only and does not

0:45

constitute investment, tax or legal advice. Information has been obtained

0:49

from sources that are deemed to be reliable, but their

0:51

accuracy and completeness cannot be guaranteed. Neither Trip Limehouse nor

0:54

his guests are liable for the usage of information discussed.

0:57

Always consultable the qualified investment, legal or tax professional before

1:00

taking any action.

1:02

Hey, welcome in everybody. This is the road to retirement

1:04

with Trip Limehouse. I'm Steve sod All Trip of course,

1:06

helping folks for more than twenty years, getting two and

1:08

through retirement you'll find him at Limehouse Financial. That's where

1:12

you'll also find his investment advisor, Jonathan o'reiley. We're gonna

1:14

get him to be on the show here one of these days.

1:17

Isn't that right? We keep talking about it. I wouldn't

1:19

think it happened. He's a busy guy.

1:22

I'm sure he is.

1:23

I know you. It's good to be with you guys out there today in radio land. We've got a great

1:27

show coming up, and we appreciate you hanging out with us.

1:31

So we're definitely gonna highlight some of the retirement related

1:33

news stories you need to be known about coming up.

1:36

And next, do you want to avoid taking a wrong

1:40

turn on your retirement road?

1:42

The road to retirement is a long one, and if

1:44

you just don't want to make wrong.

1:46

Well, buckle up. We're getting ready to take a retirement

1:49

road trip together. It's the road to retirement with Limehouse.

1:55

It's the perfect amount to map it out. That road

1:57

to retirement is key.

2:00

You get on the road to financial security and independence.

2:03

Just like many of Trip's happy clients and retirement partners.

2:07

My money is safe using the green line principle that

2:10

you taught me about.

2:11

Thank you so much.

2:13

Let's get this trip started. It's The Roads Retirement with

2:17

Trip Limehouse.

2:21

Hey, welcome in. Everybody does this The Road to Retirement

2:23

with Trip Limehouse. I'm Steve so Oh. We have got a big show planned for you today. In fact, we're

2:28

going to dig into some news stories. Are things that

2:30

have just been happening in the headlines the last week or so. Thought it'd be interesting to sort of touch

2:34

on them and just get your reaction, Trip.

2:36

What do you think I like to share my reaction

2:40

about things. A lot going on out there, all people

2:44

are thinking about and talking about and you and I

2:46

talk about it as well. You know, Hey, Steve, I

2:50

just want to say he's good to be with you today too. You know. I welcome our audience in and guys,

2:55

if you're new to the Road to Retirement show, hey, hang out. We've got a great show for you today.

3:00

If you're one of my regular listeners, which we know

3:02

that there are a lot of you, I just want to say thank you for returning. You mean a lot

3:07

to me and we love hearing from you. Eight hundred

3:11

nine four zero six nine seventy nine Limehouse Financial dot

3:16

com so top related retirement news. I mean that could

3:21

go any direction, could.

3:22

Sure, Well, let's just start. These are just stories that

3:25

have been that have come up. Retirement savings crisis. A

3:28

lot of retirees facing a financial crisis, with half having

3:31

less than one hundred and forty five thousand dollars saved

3:34

well before the record below the recommended amount. Economic challenges

3:39

certainly exacerbated for this situation, meaning leaving many retirees unprepared

3:44

for a comfortable retirement that comes from list with clever.

3:47

So what do we do?

3:48

How do we avoid that trip? I mean, what can

3:50

we do to you know, sort of calm that fear

3:53

and just say, hey, you can make it to retirement.

3:58

Yeah, I talk about that. You know. One of the

4:00

things here at Limehouse Financial that we do is we

4:03

help people understand truly like where they are, and then

4:08

from there, we we help them understand how to get

4:10

to where they want to go and what it's going to look like. And we do that by using the

4:15

four letter word, the P L A N. Everybody needs one, folks,

4:20

everybody needs one. And you know that's a that's an

4:24

awesome thing because there are a lot of people that

4:28

that feel like they're in crisis, but maybe they're not Steve,

4:31

and so that that would be a positive thing for

4:34

someone out there who thinks that they're not going to

4:37

be able to retire, they haven't saved enough to come in,

4:41

spend time with us, and we build them a plan

4:44

and then we say, yes, you can retire as you

4:47

want and be successful. I mean we we look at

4:50

one thing and that's the retirement success rate. And that

4:55

number is very important for all out there to understand,

4:58

you know, where where are you and what will your

5:01

success rate be? You don't want to speculate regarding that.

5:04

You definitely want an expert like myself or my investment advisor,

5:07

Jonathan O'Reilly to you know, give you what you deserve,

5:11

what you should already have. And quite frankly, most of

5:14

you out there don't have that number, that retirement success rate.

5:17

It is a number one hundred being hey, that's the

5:20

best you can be and zero being we're not doing

5:24

good at all here, right, But a lot goes into that folks, you know, so reality is that sometimes we

5:29

are sharing with the person there is a crisis here,

5:32

you don't have enough. That's not good news to share

5:35

with the person, But it's it's important that they hear

5:39

it from an expert. And again they're not just speculating

5:41

on it because they need to hear that type of information.

5:44

They need to know that, yeah, you have to work,

5:47

you know, three or four more years, or you need

5:50

to wait until this point in time to file for

5:52

your Social Security benefit because you have not saved enough,

5:55

or you know, the list goes on and on. But you know, Steve, your question was what can we do

5:59

to help people not have fear and avoid avoid the

6:04

overall crisis? And I think the answer for me is

6:07

one imagine this one four letter word yet again, the

6:11

P L A N. And folks, you can learn more

6:15

about the plan at road to retirementshow dot com. You

6:21

can just check that out Road to Retirement Show dot

6:24

com also Limehouse Financial dot com. Both very valuable resources

6:29

for you out there. So I think that I'm thinking

6:32

of something else. Like so, we were just talking about,

6:35

you know, we're talking about retirement.

6:36

News, retirement news, and again these are this is a

6:39

kind of news stories relating to retirement at some level,

6:42

and regrets got to come into play. I mean we

6:45

talk about we've done whole segments on retirement regrets.

6:49

Yeah, it makes me thinking of that funny when you

6:51

say regrets makes me think of that funny movie We

6:54

Are the Millers.

6:55

Oh, I love that movie.

6:56

It is so funny. And the one kid in the

7:00

in the middle of it has that tattoo he shows

7:03

the dad who's really not the dad right, and this

7:07

is regrets is spelled wrong, And so my guys, it's

7:10

just a funny minute. See that. I don't know if anybody out there saw that movie and thought that was funny,

7:14

but it is. Yeah, Amy and I've been doing a

7:18

lot of traveling lately and it just I don't know why.

7:22

It's just weird. We were checking into, you know, the

7:25

resort and I was like, we're the Millers. He just

7:29

looks what And then the person behind the you know counter,

7:35

I kind of caught onto it and started laughing. It's like, no,

7:37

I'm just kidding. We're the Limehouse. But there are a

7:40

lot of regrets out there that people have. I mean,

7:43

people say I wish I would to save more. I

7:47

think probably ninety percent of people we see and these

7:51

are people that have seven I mean, it's real common, real that we see these people seven figure portfolios. Here

7:56

at Limehouse Financial, we're helping people with that, but they're

7:59

they're coming and they're saying, I don't think I've saved enough,

8:02

and I kind of regret it. And one of the

8:04

points that we make is, you know, what you have

8:07

saved is really important. But at the end of the day,

8:10

your income determines your outcome during retirement. Your income determines

8:15

your outcome during retirement. So let's talk about how you know,

8:19

if someone's sharing with this regret not saving enough, let's

8:21

let's talk to them about, you know, giving them a

8:24

written financial plan built by our team of certified financial

8:27

professionals that's going to show them how to get safe income.

8:30

Right by the way, everybody, I would encourage you to

8:34

visit the website get safe income dot com. That's get

8:40

safe income dot com and learn about how to get

8:44

that safe income. Okay, So I understand how people maybe

8:48

regret not having enough or saving enough, but the reality

8:51

is maybe they do have enough, steve and they just don't think to have enough. Well, we'll clarify that for

8:55

them by giving them that written financial plan. Sure, definitely

8:58

a regret, though, is it some health care expenses? People

9:02

not planning properly for health care?

9:05

But trip that's a tough thing to plan for. We talk about it often, but and you know, the good

9:10

news is there are ways to plan for it. But

9:12

it's really something that has to be addressed and discussed.

9:15

Well, there's a fallacy that Medicare is going to take

9:18

care of everything, and reality is it just doesn't. I mean,

9:22

the average for a married couple living in age ninety

9:25

over their lifetime, the average that probably they're going to

9:27

spend over and above what Medicare pays for is probably

9:30

going to be, you know, three hundred and fifty thousand dollars or more. So if it's just one person, just

9:35

cut that number half. But there's things that we have

9:38

to be taking into account and we don't want to

9:40

get there and and be like I should have done that.

9:43

And that's kind of what we're talking about right now, folks. And that's the offer right now for the next ten

9:48

callers in the next ten minutes, claim it right now.

9:50

There needs to be that sense of urgency. It's for

9:53

a written plan for retirement put together by our team

9:55

of certified financial professionals. This is individualized and customized just

9:59

for you, you all, at no cost or obligation. Some

10:02

in our Marketplace have valued this at twenty five hundred

10:05

dollars or more. I'm offering it to you right now,

10:08

no cost, no obligation. Eight hundred nine four zero six

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nine seven nine.

10:12

Eight hundred ninety four zero six nine seven nine, eight

10:15

hundred nine four zero sixty nine seventy nine. A quick

10:18

break for us. We're going to come back continue our conversation here on the Road Retirement with trip Linehouse.

10:22

All right, folks, we've been highlighting some of the top

10:24

retirement related news today on the Road to Retirement Show,

10:27

and we're going to come back and continue to do more of just that.

10:33

Getting the right retirement strategy suited to your unique needs

10:36

and desires is called hitting the bullseye. You can say

10:40

I nailed it. You actually should say we nailed it

10:44

because there's a firm right there with you putting together

10:47

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10:50

plan for you, a called trip Limehouse, host of Road

10:53

to Retirement eight hundred nine four zero six nine seven

10:56

nine or text Trip tripp to eight hundred nine four

11:00

zero six nine seven nine. We've made it easy for

11:02

you to take advantage of this fantastic offer all you

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have to do is caller text trip to eight hundred

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nine four zero six nine seven nine.

11:14

Hey, welcome back, everybody. This is the Road to Retirement

11:16

trip line houses here. I'm Steve so Oh. We are

11:18

cruising through. We're took it into some going through some

11:20

news stories related to retirement and affecting certainly pre retirees, retirees.

11:26

We hit on the Satings crisis, retirement regrets. I thought

11:29

this was interesting too, the top retirement destinations. This is

11:33

the list that seems to evolve and change over times.

11:36

But I mean everybody thinks, well, must be Florida. Well,

11:38

obviously the number one the number one choice is, in

11:41

fact Sarasota, Florida.

11:43

I think a lot of that is related to maybe

11:46

one particular thing. Great weather. Yeah, it's you know, a

11:51

lot happening around that area. And then also there's this

11:54

thing called no state income tax in Florida. Well there's

11:57

that too, yes, yeah, al another layer there, right, you

12:00

know which, by the way, on the subject of taxation

12:04

in the first segment today, and by the way, if

12:06

you didn't get to listen to the first segment or

12:09

you like to go back and listen to that or

12:12

any other episode we've had, check out Road to Retirement Show,

12:16

The Road to Retirement Show with Linemouse Financial, wherever you

12:19

stream your music, Apple, Spotify, Google Play, all that we

12:23

do that very intentionally for you guys to go back. So,

12:26

but you know, this whole thing of taxation is a

12:29

big deal because so like just take for example, social Security.

12:32

A common question I have is it taxed? And answers yes, well,

12:35

the first fifteen percent is not tax but after that

12:38

either eighty five percent is tax or fifty percent is taxed,

12:41

So you know, which is kind of crazy. We get

12:44

in that conversation with people that a lot of our

12:46

live events that we're having, which makes me think of Saturday,

12:50

August third, we're having a live event, folks. I want

12:54

you to be aware of that, and I'd like to

12:56

personally invite you to the Social Security and Income Planning

13:01

workshop that we are having at the Lexington Chamber of

13:04

Commerce on Saturday, August the third at nine thirty am.

13:07

This is a no cost, no obligation event where we're

13:10

going to serve you a lot of valuable information and

13:14

some good nutritious food, no cost, no obligation. If you

13:18

want to attend that you must call eight hundred and nine four zero six nine seventy nine and make a

13:22

reservation again that Saturday, August third, nine thirty am the

13:26

Lexington Chamber of Commerce Social Security and Income Planning Workshop

13:31

and breakfast, no cost, no obligation. But I get into

13:34

this conversation with people about taxation and Social Security being taxed,

13:38

and you know, and They're like, gosh, well, I mean I paid taxes all these years. Why am I going

13:42

to receive my Social Security and it's still be taxable.

13:44

And I'm like, yeah, I know, I mean, it doesn't really make a lot of sense, but that's the way

13:47

it is. So I do think maybe that Florida, Sarasota,

13:51

Florida being a top retirement destination could potentially be because

13:55

of something like that, you know. But then there's another

13:57

one too. We talked about Asheville, North Carolina, a little

14:00

a little bit closer here to where I am. Ashville.

14:02

Sure, Asheville, Yeah, Ashviellel's a nice little town. I mean,

14:04

it's a it's a you know, it's it's kind of

14:07

like Santa Cruz in the mountains.

14:09

Santa Cruz in the mountains. I like it. I like

14:11

pockets of it. Amy and I like to go visit

14:14

the builtmore and hang out out around the gardens. You know.

14:18

We had a great bottle of wine that we bought

14:21

and then their little gift shop. You have no idea

14:24

if it's gonna be good or bad, but we really enjoyed that one. So Asheville's on the top top retirement destinations,

14:30

and then Huntsville, Alabama. I don't really know too much about Huntsville, but I guess the whole thing we're going

14:36

with here, Steve, is when people are approaching the road

14:41

retirement journey, that's one of the things that they, you know,

14:44

are going to be considering. Are they going to stay put and uh, you know, do what they've been doing,

14:49

which is great. May they potentially relocated by a second home.

14:54

A lot of our clients they have those second homes

14:57

and in these areas that are that are maybe not

15:00

those three that we mentioned, but you know, some other top destinations around the country, and which brings me up

15:05

to this point. Some some of our clients have come

15:07

in before purchasing their second home in the mountains or

15:12

the beach or wherever. Uh, and you know, we built

15:16

them a written plan for retirement. We've incorporated all, you know,

15:21

all their assets into one place and showing them how

15:23

to allocate them and then spend them correctly so they

15:26

never outlived them. And uh, you know that one of

15:28

the ways we show people how to never outlive their

15:30

money is by creating a safe income strategy for for

15:34

our clients. Folks. You should visit get safe income dot

15:38

com and learn more about that. That's get safe income

15:42

dot com. You should learn more about that. But you know,

15:45

we we were able to, you know, build plans for

15:48

folks that wanted to acquire you know, a new a

15:52

new place to have in addition to what they currently have.

15:55

And and a lot of times people hesitate to do

15:57

something like that because they don't know are they going

15:59

to be able to answers? Yes, sure, not necessarily all

16:02

the time, but when we have a plan, we can very clearly answer that question. So we found it pretty

16:08

interesting about retirement destinations. How about switching gears to social security?

16:14

Social Security? This is a big thing, social security dependency.

16:19

No, so what does that mean? Does that mean if we haven't done I mean, like we're going to count

16:23

on social Security as our b all end all.

16:26

Well, there are there are probably you know, fifteen percent

16:31

of the population ors so that only have social Security

16:34

and they have no other assets. So that highlights the

16:39

need for just better financial planning and saving. You know,

16:42

during a person's working years. You know, we really never

16:47

want to rely on one particular source to get us

16:52

to and through the journey called retirement. We want to

16:55

have multiple sources, and folks, one of the multiple sources

16:59

that you really need to learn more about and incorporate

17:01

into your plan as the green Line principle. I encourage

17:05

you to visit greenlineprinciple dot com. Greenlineprinciple dot com. Folks,

17:13

you need to understand this because this is a way

17:16

that you can maintain your independence, maintain control, and have

17:20

a successful retirement by incorporating the green line principle. It's

17:25

a safe money strategy where zero is your hero. You

17:27

have a lot of upside potential and no downside. And

17:30

we can even do something like create guaranteed income for

17:34

life for you or for you and your spouse. However

17:37

you would want to do it or we would recommend it.

17:39

And by the way, on the subject of recommendations, we

17:42

only make recommendations that are in your best interest, and

17:45

we do that from a fiduciary capacity. That's just a

17:47

side note. But you know, Steve, our clients are coming

17:50

in and we're incorporating social security into their plan. But

17:53

our clients with set these you know, portfolios that they've

17:58

accumulated over there over the years of working. You know,

18:01

we're utilizing those in such a way that if social

18:05

security wasn't here, more than likely there's still going to

18:09

be okay because of how we built the plan. So, you know, social security dependency is a big deal. Folks.

18:14

If that's you and you're only going to have social security,

18:17

then you know you definitely need to just do the

18:19

best you can and work on continuing to save for

18:23

these you know, later years in your life. Everybody out

18:26

there needs a social security roadmap. Steve, this offers for

18:30

the next ten people in the next ten minutes, and

18:32

you must call right now to claim it. And it is a written plan for retirement created by our team

18:37

of certified financial professionals. This will be customized, individualized just

18:42

for you, and I'm going to provide it for you

18:44

at no cost or no obligation. And some in our

18:47

area of value this at upwards of twenty five hundred

18:49

dollars or more. I'm going to provide this to you,

18:51

but for you calling right now and asking for it.

18:54

Eight hundred and nine four zero six ninety seven nine.

18:56

A written plan for retirement put together just for.

18:59

You eight hundred ninety four zero sixty nine seven nine.

19:02

Great opportunity to get a financial roadmap put together. It's

19:05

a phone call away. Eight hundred ninety four zero sixty

19:08

nine seventy nine. Eight hundred ninety four zero sixty nine

19:10

seven nine. Do take advantage of this. Today we are

19:13

going to take a break. We're going to come back and continue our conversation right here on the road of

19:16

retirement with Trip Limehouse.

19:18

We all agree that social security isn't a bit of

19:21

a bind. Well, what can we do about that? When

19:25

we come back, we're going to outline the problem and

19:29

offer some suggestions that really could help you on your

19:33

roads retirement journey.

19:40

If you remember these TV shows, you're getting ready to retire.

19:44

And everybody see a big pair of feet there, cheesy mustache,

19:48

I'll think of.

19:48

You, you guts well, I.

19:51

Hate I'm one guy who ain't prejudiced against anybody who

19:57

may be lestship pavy than me. It kind of ax

20:00

up on you, doesn't it.

20:01

Oh geez.

20:02

You deserve a secure, independent retirement, our retirement that is

20:07

prepared to handle pitfalls like inflation, health emergencies, stock market volatility,

20:14

and taxation. You've worked hard for your money and will

20:19

work just as hard to protect it and grow it.

20:22

Retirement planning doesn't have to be difficult. Get the facts

20:27

based approach that you deserve all at no cost, with

20:31

no obligation. Call the Road to Retirements trip Linehouse eight

20:36

hundred nine four zero sixty nine seventy nine or text

20:40

trip to eight hundred nine four zero six nine seventy nine.

20:46

Hey, welcome back. This is the Road to Retirement trip Linehouses. Here.

20:49

I'm Steve Sodah. We've been talking about a lot of

20:52

things today, things that are affecting retirees in particular, everything

20:56

from the retirement savings crisis, some regrets and retirement dependency

21:00

on social security. Speaking of social security, that is the

21:04

focus of this segment trip and uh, you know, it's uh,

21:08

it seems it comes up every certainly every election cycle,

21:11

but also even other times too. You know, is social

21:14

security going to be there or do we think it's

21:17

going to survive. How do we do it?

21:20

You know?

21:20

The uh.

21:21

Let's see. According to the May twenty twenty four Social

21:23

Security Trustees Report, the Fund reserves, the fund reserves that

21:28

help pay for Social Security benefits run out in twenty

21:31

thirty five. Now, without congressional intervention, retirees would only be

21:35

able to receive eighty three percent of their full benefits.

21:38

That is a serious problem for retirees that are We

21:42

talked about it last time about it.

21:43

I could, depending on if I could send out a gift.

21:46

Is that what it's called a gif? Gift? Yes, gifts?

21:50

How much I know, I don't even know what I'm talking about. If I could send out a gift to

21:54

people right now, when you just said that, let me

21:57

I'm going to feed that back to our audience. Yeah,

22:00

the Social Security Trust Fund is scheduled to be depleted

22:04

by twenty thirty five. This could result in current Social

22:09

Security recipients only being able to receive eighty three percent

22:12

of their full benefits. Okay, so the anchorman Ron Burgundy, Yes,

22:18

this reminds me of a gift that I send to

22:21

my friends sometimes and it says say what and he's

22:25

got this. He's like, say what say what, Say what?

22:30

This is not a good say what? No, I mean,

22:34

this is our money. And I talk about this in

22:36

my social security and income planning workshops, which, by the way, folks,

22:39

would like to invite you to the next one. It's Saturday August third, nine thirty am the Lexington Chamber of Commerce.

22:45

Breakfast will be served. It's no cost, no obligation. Eight

22:48

hundred nine four zero six nine seven nine. If you'd

22:50

like to attend that event, hosted by Limehouse Financial, It's

22:54

a social security and income planning workshop Saturday August third,

23:00

nine to thirty am the Lexington Chamber of Commerce. I'm

23:03

gonna serve breakfast and a whole lot of information regarding

23:07

this topic, social security and others. Give me a call

23:10

if you'd like to attend that. We would love to have you. But you know, I talk to our audiences

23:15

all the time at these live events that like, whose

23:19

money do you think is in this social security trust fund?

23:22

Mine?

23:23

And people are like, uh, yeah, it's mine. Okay, Well

23:27

do you know what's happening to that money right now?

23:29

And everybody's like hmm, yeah, well, I mean we've heard

23:33

about it. The trust fund is being depleted. I will say.

23:37

In twenty twenty two, we got positive news it was

23:39

gonna be solvent, the trust fund is gonna be solved til twenty thirty four, and now we're hearing twenty thirty five.

23:45

But I mean, folks, how does that sound when I

23:48

tell you that right now that the Social Security Trust

23:51

Fund is scheduled to be depleted in twenty thirty five?

23:55

How does that sound when I say that.

23:56

Sounds scary to me?

23:58

Well, yeah, it is scary. And the thing about it

24:01

is it's something that's out of a person's control. We

24:05

cannot do anything about it except for make sure we

24:08

vote and vote to the best of our ability who

24:11

we think should be there to do the right thing

24:13

for us at all levels, you know, state, federal, whatever. Right,

24:17

that's all we can do. Okay.

24:19

So I want to get to this soundclip trip because

24:21

I think this really sets it up in terms of what's really happening in Washington and what we're going to hear.

24:27

Because one of the discussions, one of the pieces they're saying,

24:31

is that we should remove the cap. Currently there's a

24:34

cap you know, once you make over about one hundred

24:37

and sixty hundred and seventy thousand, you don't have to pay solial security anymore. They're talking about removing that cap

24:41

and getting rid of the tax, the federal tax on

24:45

solcial security. So here's a conversation. It happened in a

24:48

Finance Committee session where Senator Bill Cassidy is questioning Janet Yellen,

24:53

US Secretary of Treasury about what the tax rate might

24:57

be for those making in excess one thousand dollars.

25:01

What would the tax rate have to be or what

25:03

would the total amount of taxes have to be on

25:06

those making over four hundred thousand dollars a year.

25:08

I don't have that computation to offer you, but the

25:13

President has in the past discussed the possibility of raising

25:19

this ceiling on what income would be included. Of course,

25:25

he would protect those his pledges to protect households making

25:31

under four.

25:32

Dollars, because the president theoretically has a plan. If there's

25:36

not been a computation of what the tax rate would

25:39

have to be on those making over four hundred thousand

25:42

dollars a year, has Treasury really not looked at Okay,

25:47

we're already charging four point nine trillion for the deficit

25:50

for Medicare, for a lot of other things, and now

25:53

we've got to add social but we haven't done the math to figure out how much that tax.

25:56

Rate we have to The President doesn't have a plan.

25:59

He has principles. He wants to work with Congress to

26:04

find a way to protect social security and extended solvency.

26:11

It's good to know the President doesn't have a plan and he hasn't done the numbers. I'm plan.

26:18

I mean, I'm laughing, but I'm not laughing. I know, funny,

26:21

not funny. Reality is that social Security is like functions,

26:25

kind of like a checkbook, folks. There's money coming in

26:28

and there's money going out. Just envision social Security like

26:31

that money coming in, we're paying taxes, paying into social

26:35

Security and money going out.

26:37

Uh.

26:37

And you know, regarding solvency, social Security, I don't believe

26:41

is ever going to go away, but I do believe

26:43

that it will change and look different in the future

26:46

because quite frankly, there's more people receiving benefits than ever before,

26:50

and there's less people paying into social Security than ever before.

26:53

So think about that checkbook, checkbook, money coming in, money

26:56

going out, Well, now there's less coming in, more going out.

26:58

That's problematic. We're way past the overdraft part. We're definitely

27:03

substantially in debt unfunded obligations out there, and it is really,

27:08

you know, really not positive. So what I'm sharing with

27:13

people is change is imminent. It will happen. Quite frankly

27:19

on that whole subject that we were just listening to. It gets me going because I don't feel like it's

27:25

I'm sure that my listeners would agree with me. I

27:28

don't feel like it's fair to segregate a portion or whatever.

27:33

However you want a word of taxpayers that are earning

27:35

a certain amount and then they have to pay more

27:38

just because they're working hard and earning more. I think

27:42

that it should just be here's the level of taxes,

27:44

the brackets, et cetera. What I want to encourage you

27:47

to do is focus on the things that you can control.

27:50

And what you can control is the ability for you

27:52

to pick up the phone and call in right now

27:54

and get something that you should already have, something that

27:57

you deserve, something that's going to allow you to be

28:00

in control and independent during retirement. That something is a

28:03

written financial plan put together by our team of certified

28:07

financial professionals, individualized, customized just for you, at no cost

28:11

and no obligation, and that is my offer right now

28:14

for my listeners, the next ten callers in the next

28:16

ten minutes, a written plan for retirement put together by

28:19

our team of certified financial professionals, no cost obligation for you.

28:23

Eight hundred and nine for zero six nine seventy nine.

28:26

It's the goal here at the show helping you make those best decisions possible when it comes to retirement. So

28:30

if you've got questions, give us a call. Eight hundred

28:32

nine to four zero six nine seven nine, eight hundred

28:35

ninety four zero sixty nine seventy nine. A quick break

28:38

for us. We're going to come back. We'll continue our conversation on the road to retirement with Triplinehouse right after this.

28:43

As a retirement planning expert, I get this. There's a

28:46

difference between needs and wants. For some the wants can

28:51

disassemble the needs and then things just get crazy. Now,

28:55

getting the plan, the right plan is the solution. I'm

28:59

going to talk about how to do that daily common

29:02

right back.

29:08

Hurricanes, tornadoes, and fire. These are serious situations we plan

29:13

in advance for. The Volatility of the market can be

29:16

just as devastating when a market correction does occur. There

29:20

are strategies you can employ to bounce back. Call Trip

29:24

Limehouse and his team at Limehouse Financial today at eight

29:27

hundred nine four zero sixty nine seventy nine, or text

29:31

the keyword Trip to eight hundred nine four zero sixty

29:34

nine seventy nine. We've made it easy, folks. All you

29:37

have to do is call or text the keyword Trip

29:40

to eight hundred nine four zero six nine seven nine.

29:47

We are back on the Road to Retirement Trip Limehouses here.

29:50

I'm Steve so All Trips have been helping folks for more than twenty years getting to and through retirement, and

29:55

you will find him at Limehouse Financial dot com. You

29:58

will also find him at the Road to Retirement Show

30:02

dot com road to Retirement Show dot com. Check out

30:05

the website. And in this segment, Trip we're gonna talk

30:08

a bit about that fine line between needs and wants.

30:11

I like how you said that, and again, it's things

30:16

that we have to know and things we have to

30:18

plan for. It's something that you've said since the first

30:21

day we ever did a show together. And that's the

30:23

P L A N. It's the plan that's what makes

30:26

it successful.

30:27

The four letter word yes plan Well, there's going to

30:30

be two types of people out there, Steve, that move

30:34

in to retirement. They're going to be those that have

30:38

the four letter word the plan. Those folks are going

30:42

to feel better about retirement. They're going to be more confident,

30:46

They're not going to be so concerned about the market

30:49

taking away what they've worked so hard for because they

30:52

have the green line principle strategy included in their plan.

30:56

By the way, folks visit get safe income dot org

31:00

to learn about how you can eliminate the number one

31:02

risk you face during retirement, which is longevity risk running

31:05

out of your money. Get safe income dot com. But

31:08

those people that have incorporated the green line principle into

31:11

their plan and that are having an expert like myself,

31:15

you know, working with them on an ongoing basis, that

31:18

they're gonna farewell during retirement. They just are going to.

31:22

But then there's gonna be people who don't have the

31:25

four letter word, the P L A N, and they

31:28

might not do so good, Steve, I mean not always.

31:31

I may just kind of go along and be fortunate

31:34

and make it okay. And the point is that we

31:37

just have to be prepared, you know, right, I gotta be prepared. We got to talk about things that there.

31:42

I mean, this is a milestone in our financial lives.

31:45

This whole retirement thing.

31:46

Yeah, sure, well done, a big milestone at that. And

31:48

one of the things that you, you know, you were just saying is we have to know how much we

31:52

have to spend and we need to know how much

31:55

we have saved. I mean, those are the that's the

31:58

that's the beginning and one of the pieces. We talked

32:00

about this a little bit in the last segment, but that's healthcare and we've got to address that. It's a

32:04

big deal. It's a big number, and the older we get,

32:08

you know, stuff starts to go wrong. Sorry, just the

32:11

way it is.

32:12

I would share with our audience that there's probably some

32:15

of you out there that are doing these types of

32:17

things on your own, and I like that. I really

32:21

admire that. Maybe you have a spreadsheet, you know, maybe

32:24

you've written things down. But my observation is that even

32:29

for do it yourself ers get a loan. For people

32:31

who haven't done anything, sometimes this whole healthcare thing is forsaken.

32:36

They just aren't planning for it. So we get a

32:39

lot of positive comments when we build written plans for

32:45

people and present them to people because they say, oh,

32:49

you've included healthcare for me, Yes, we have, yes, and

32:53

like you know, sometimes people are like, well, how did you arrive at that number? Well, this is two decades

32:57

plus of the experience working with people just like you

33:01

making sure that they're successful during retirement. I've been doing

33:03

this for over twenty years. We have a line item

33:07

in every written plan for retirement account for health care.

33:10

But here's the deal, folks. You're going to face a sizable out of pocket costs for things such as healthcare premiums,

33:17

maybe Cope's, and then services that aren't covered by a Medicare.

33:23

Here's some interesting research from the from the firm Fidelity,

33:28

which most people are familiar with, and individual AIDS sixty

33:30

five and twenty twenty three could need roughly one hundred

33:33

and fifty seven grand saved. This is after tax money

33:36

to pay for health care expenses and retirement. So we

33:38

did talk about that earlier in the show today, and

33:40

then it doubles of course for you know a couple So, folks,

33:44

we have to plan for health care, not only paying

33:47

for your Medicare supplement policy or your you know Medicare

33:52

advantage planned, but also your Part B premium and your

33:55

prescription drugs, and the list goes on and on.

33:58

So where does an HSA f in trip? And I

34:01

know that you're a fan of health savings accounts and

34:03

how important that can be, especially from a healthcare stand.

34:05

Well, if a person's eligible for it is a great great idea health savings account is it's money that goes

34:10

in after tax grows tax for it and then you

34:12

can you know, pull money out to pay for things

34:16

related to medical costs or coverage. So of all the

34:22

tax effer type of retirement and accounts that this is

34:24

definitely one of my favorites and HSA because typically people

34:28

are going to fund it, fund it funded and then retire and have a balance in it. You know, we

34:32

we retired a couple recently and you know, they had

34:35

like sixty five thousand dollars in their HSA and we

34:38

we just said, guys, this is fantastic. This is really

34:42

going to help you moving forward, you know, to pay

34:44

for things that Medicare do uncover eyeglasses, dental stuff, hearing aids,

34:50

et cetera, et cetera, et cetera. So hsas are great, folks,

34:53

you also need to be thinking and talking with us

34:56

about you know, how to properly plan for or you know,

35:01

something like a long term care thing. I mean that

35:04

ties into healthcare. That's a devastating ordeal.

35:07

Steed, Oh, it's horrible. I think we all either have

35:10

gone through something with our own family or know someone

35:12

that has.

35:13

It's a it's brutal, Yeah, it is. And it's the

35:16

third greatest risk that people have during retirement. It's topped

35:20

only by two others, which number two would be a

35:25

recovery risk when you lose money, how long does it take you to get it back? And then your number

35:28

one risk would be longevity risk, the risk of out

35:32

living your money, which, by the way, everybody needs to

35:34

be checking out how to you can avoid longevity risk.

35:38

And all you need to do is visit get safe

35:41

income dot com get safe income dot com to learn

35:47

how to eliminate that risk of ever outliving your money.

35:51

But you know, this stuff is real and we have

35:54

to plan for plan for it. There's long term care particularly,

35:59

there are ways you know that you can do that

36:02

and some are better than others. We just need to

36:04

engage in that conversation. I mean, we help people plan

36:06

for long term care, you know, all the time. I

36:09

mean it just as a reminder to folks out there were holistic planners were independent. We're not linked, ted or

36:14

obligated any one company strategy product at all. Our job

36:19

is to help you to get to where you want

36:21

to go and help you stay there and enjoy it.

36:25

I mean, you know, you've worked long and hard, and quite frankly, folks, some of you will be in retirement

36:29

longer than you were in the workforce, and that's why

36:32

we needed to prant to plan properly. You know, It's

36:35

just what we have to do. So this this is the thing too. So I'm thinking about debt during retirement

36:42

not a pleasant thought. Well, there's some data, imagine that

36:45

We've looked at data and this came from the Federal

36:48

Reserve Survey of Consumer Finances households aged sixty five to

36:53

seventy four, and what the data showed was that that

36:57

age group carries an average dead of around one hundred

36:59

and five thousand, and for those who own a home

37:03

in this age group between sixty five and seventy four,

37:06

average mortgage debt is around one hundred and fifty grand

37:08

so that gives you kind of an idea to maybe

37:10

frame up where you are regarding, you know, your debt.

37:15

We talk about debt and debt elimination strategies. One of

37:18

the things I want to point out to folks, to Steve is that this whole understanding your retirement living expenses thing,

37:24

it can be interesting, so to speak, to put it

37:27

all together. But on our website limehouse financial dot com

37:31

under the resources tab, there's a there's a budget worksheet,

37:36

and I would encourage people to visit the website limehousefinancial

37:39

dot com and print that budget worksheet out, print as

37:42

many as you need out and get that retirement budget,

37:46

you know, down, so you know what it is, what your expenses are going to be, and you know, if

37:51

you're carrying debt, know that you're not the only one.

37:53

But less work towards reducing it or eliminating it. Long

37:56

term debt is different like your house things like that.

37:59

I mean, that's a good debt if if there is

38:01

such a thing, but you know, definitely a bad debt

38:03

is this thing such as credit cards, et cetera. We

38:06

want to try to eliminate all that prior to getting

38:09

to this, getting into this exit for the road to

38:12

retirement journey. But so I guess the I'm thinking, well,

38:15

we have to offer a recommendation. I mean, the recommendation

38:18

if you're carrying debt is really just to aim to reduce the high interest debt like credit cards. I mean

38:23

that that makes the most sense, right or high rate high rate loans, you know, yes, and and and also

38:28

work towards I'm thinking of like coming up with a

38:31

strategy to just eliminate debts during the rest of your

38:35

retirement years. We can help you with that, folks. Just make sure you're budgeting and allocating a portion of your

38:41

retirement income towards debt repayment. Uh, don't forget when you're

38:44

putting together your retirement budget to be looking at you know,

38:47

what you need to to repay debt. And the sooner

38:50

the better. The sooner the better. So needs and wants,

38:54

needs and wants. Here we go. You know. Gosh, we

38:57

talked about this a lot because it's so important. But when to draw social Security at that's a that's a

39:02

key thing for people. I mean, it's such a critical

39:05

point in somebody's life.

39:06

Oh yeah, and again a big decision obviously if it's

39:09

a couple, it's even a bigger decision.

39:11

Well, yeah, because you got a Typically one has a

39:13

higher benefit than the other, and if the one with

39:16

the higher benefit files at the wrong time and then dies,

39:18

that it can affect the surviving spouse. So we have

39:20

to really map that out. And here's the thing. If

39:23

you claim SO Security before your for retireing age, which

39:26

for a lot of you out there is sixty seven, some of you maybe at sixty six, you know you're

39:29

gonna have a reduction in your benefit. So if your

39:31

full time and age is sixty six and you start

39:33

at sixty two, which is as soon as you can start, you're gonna have a twenty five percent reduction in your benefit.

39:38

But if you wait till seventy, then you're gonna have one hundred and thirty percent greater benefit. That's because of

39:44

the delayed retirement credit that Social Security can can give

39:47

you or does give you, you know, if you wait. So

39:51

the here's the deal, how can you you know, counteract

39:56

this whole when to draw SO Security thing? Well, you know,

40:00

so we really need to work closely together and build

40:04

a plan that makes sure that you're getting the maximum

40:07

out of your Social Security that you're not leaving any

40:09

of that on the table, and that we're utilizing your

40:13

retirement assets in the best way possible, in the right

40:17

order and in the right amount. And you know, when

40:20

you come into Limehouse Financial, that's the type of work

40:22

that we do. We give you that social Security roadmap

40:26

so you know when to file to get the most

40:28

out of it. We incorporate that into the written plan

40:31

for retirement and we are always talking about the green

40:35

line principle, a safe money strategy where zero is your hero,

40:39

where you have a lot of upside potential and no downside potential. There's there's a vast majority of folks out

40:44

there now that are coming to CUSD and they're they're

40:48

getting closer to retirement. Some are a year, two, three,

40:51

four out, some are already there, or maybe they're retiring

40:54

in the next couple of months. But they're expressing to

40:56

us a concern about market fluctuation. And we're, you know,

41:02

positive or thing positive about the market. He's going to

41:04

do good things, but we're being realistic, Hey, if it

41:07

does bad things, how can we be prepared so that

41:09

retirement doesn't change or make it if we lose money,

41:12

we don't have to go back to work and that type of thing. And the green line principle is a

41:17

big answer to that, not the only answer, but a

41:19

big answer for you guys out there. You don't have

41:23

to have the market control your destiny during retirement. You

41:27

just don't utilize the green line principle. Folks visit Greenlineprinciple

41:33

dot com to learn more. Green Line Principle dot com. So,

41:38

I mean, there's just so much to take into consideration.

41:40

So many things are changing, there's needs and there's wants.

41:46

I'm thinking about asset allocation right now.

41:49

Well that's a big deal too, and I think sometimes

41:51

it's overlooked because we've got to make sure that we

41:54

are properly allocated or we're not going to, you know,

41:57

get the maximum we can from our money.

41:59

But how that's the person know that right?

42:00

I mean, this is why I know, because I hire you,

42:03

That's why that's right.

42:05

I mean, I mean, as an expert in income and

42:07

distribution planning, we're also helping people accumulate and monitor what's

42:11

going on in the market. We believe it money at risk,

42:14

you know. That's why we have an investment advisor here, Jonathan O'Reilly, which By the way, he's the guy that

42:19

meets with everybody here. Steve. He conducts all the appointments

42:23

here at Limehouse Financial, and you know, he's helping people,

42:27

learning about them, building them plans, getting them there, and

42:30

keeping them there. You know, I work very closely with

42:35

him as we're building plans together, and I approve all

42:38

of the plans for people that we're meeting with. But

42:41

you know what a great guy. I just want to tell you, Jonathan, I love you. You're a good guy.

42:45

And you know what, people people love them too. Dog

42:47

on it. People love that guy. Yeah. Regarding asset allocation,

42:51

so Jonathan runs this report for people. It's called the

42:54

Portfolio Observation Report, and it really helps define for people

43:00

what they own in their portfolio. It helps them recognize

43:04

if their current holdings are moving them closer to their

43:09

goal or further away from their goal. It helps them

43:13

identify what the costs are for their current portfolio and

43:17

the performance of that current portfolio, and even compares it

43:19

to a benchmark portfolio. And people really appreciate this report.

43:24

It's the Portfolio Observation Report. Folks. You have to be

43:27

allocated correctly with all of your assets. Your assets they're

43:33

at risk. There need to be assets they're not at risk.

43:36

That's where this safe income comes in. Okay, visit getsafe

43:41

income dot com get safe income dot com to learn

43:44

more about how you can never outlive your money. You know,

43:47

this stuff all works together, and it all starts with you,

43:50

It really does. I want you to pat yourself on

43:53

the back for what you've accomplished so far, give yourself

43:56

credit for all the good that's happened. And I also

43:58

want you to recognize, folks, that that there's more there

44:01

for you that you that if you're like most people

44:04

we see, there's things that you do not have that

44:06

if you did have, would enable you to do better

44:10

during retirement. One of those things is a written plan.

44:13

And I'm offering that to the next ten callers in

44:15

the next ten minutes, right now. Eight hundred nine four

44:18

zero six nine seven nine, A written plan for retirement,

44:21

put together by our team of certified financial professionals, at

44:24

no cost or obligation to you. Eight hundred nine four

44:27

zero six nine seventy nine.

44:29

Make that call while you're thinking of it, folks, no cost,

44:31

no obligation. Just like Trip said, find out what your

44:33

investments are really costing you. Do you know what you're

44:36

paying in fees and commissions? Well, Trip can help you

44:38

find out and so much more. It's a phone call

44:40

away eight hundred nine four zero sixty nine seventy nine.

44:43

Eight hundred nine four zero six nine seventy nine. We've

44:46

got one more segment to go here, I'm the Road Retirement.

44:48

What Trip Limehouse will be right back.

44:50

Questions for the Road your Retirement Show, we got them

44:53

and we have answers questions from listeners. That and more

44:56

coming right up on the Road to your Retirement Show

44:59

with Linehouse.

45:06

You've worked all your life, You've saved, you've followed all

45:10

the rules. Now it's time to retire. Here's the question.

45:15

Who do you want relaxing and taking it easy, Your

45:18

nest Egge or you?

45:19

Well, of course you want to relax and travel and

45:22

enjoy and nest Egg. You've got more work to do

45:26

for a retirement that maximizes your portfolio, your social security,

45:30

avoids unnecessary risk, protects you from pitfalls and frankly lets

45:35

you retire, and keeps the nest aach working. You need

45:38

a retirement partner. You need someone looking out for your

45:42

best interests and building a plan for you based on

45:46

your situation. Call Trip Limehouse at eight hundred and nine

45:50

four zero six nine seventy nine, or text trip Tripp

45:54

to eight hundred and nine four zero six nine seventy nine.

45:57

That's eight hundred and nine four zero six nine seventy nine,

46:00

or text trip to eight hundred and ninety four zero

46:02

six nine seven nine.

46:07

Hi, welcome back, Steve so Old here Trip Limehouse is there.

46:10

I'm again. Trip is the guy behind the green Line principle,

46:13

helping folks for more than twenty years and the show

46:16

the Road to Retirement. And we have had a good

46:18

journey today, Trip, haven't we.

46:20

We are, as you say so often, cruising down the road,

46:24

although I would say I don't have the dogs with

46:27

me today, Fozzy and Daisy. You're at home in the

46:29

air conditioning, and so I've got the windows rolled up

46:32

and the air on high. Oh, let's do it. Tank

46:34

is full of gas and we are cruising. One of

46:37

the things we're cruising towards is a great event this weekend, Steve. Though, yes,

46:41

I'm the third of August. I'm I'm pumped up about it. Hey,

46:45

I'm Hans. You are Franz and we are here to

46:48

pump you up. I want you folks out there to

46:53

get pumped up about this event Saturday, August the third,

46:56

nine thirty am at the Chamber of Commerce in Lexington.

46:59

It is a Social SEK security and income planning workshop,

47:02

no cost, no obligation to you, folks. If you'd like

47:04

to attend this upcoming event, you must call eight hundred

47:08

nine four zero six nine seven nine so we can

47:11

get your registered. We got to plan properly. Imagine that

47:14

we talk about that all the time on the show. Yes,

47:16

we got to plan properly for this no cost, no

47:19

obligation breakfast workshop coming up Saturday, August third, nine thirty

47:24

am at the Chamber of Commerce and Lex'd love to have you there, folks. Hey, uh So, this big question

47:29

swirling around when we see people at these events is

47:31

what can I do to make sure that I, you know, don't outlive my money. So, folks, if that's a question

47:37

you're wondering about how to make sure you never outlive

47:40

your money, I want you to visit get safe income

47:44

dot com. That's get safe income dot com and there

47:48

you'll learn about more regarding how to generate guaranteed retirement

47:51

income and you can even claim your income plan by

47:55

clicking the box there on the landing page. So I

47:59

just got to say thanks to all of our listeners

48:01

out there. We really appreciate you guys. You make things

48:04

spin for us and you mean a lot to me

48:08

personally and professionally. This is such a rewarding job I

48:13

have Steve helping people, having fun helping people. Jonathan O'Reilly

48:17

my investment advisor, and I know that what we're doing

48:20

is effective. And how do we know that Because we're

48:24

not just helping a person right now and shaking their

48:27

hand and then they're out of here. We're actually doing

48:30

this whole retirement journey with our clients, monitoring it, adjusting

48:35

it as needed, playing the role of being a counselor

48:39

and an advisors as people are traveling on the road

48:44

retirement journey, and we're just having fun. We're seeing success

48:48

after success after success, and folks, you could be next.

48:51

Eight hundred and nine four zero six nine seven nine. Steve,

48:54

let's get right into these question.

48:55

Let's jump into this first one. Benny's in chapin. He says,

48:58

I'm sixty five years old and consider working until I

49:01

turned seventy I've got about one point five million in

49:04

my IRA and four oh one k rollover accounts. Now,

49:07

is it worth using a financial advisor at my age?

49:11

I'd say you're in the right place.

49:14

Yeah, I would too.

49:15

With Limehouse Financial. So not just any old run of

49:19

the mill advisor. And here here's the problem, Benny. You

49:23

know there's experts out there, and those there are some

49:26

people that just say, yeah, I can help you with that. Well,

49:30

I fall into the first category. I'm an expert in

49:33

income and distribution, distribution planning and social security planning. And

49:38

you know, as you're moving in this next stage of life,

49:42

you know, sixty five, sixty six, sixty seven, and you have,

49:46

you know, a mass this seven figure portfolio, which is

49:50

pretty common here. That's really what we see at Limehouse Financial,

49:53

people with the seven figure portfolios. But you know, as

49:56

you're getting there and you have this, use using us

50:01

to help you assemble it, put it together the right way,

50:04

and make sure you deccumulate safely and that you're utilizing

50:08

the appropriate strategies. It's key. So I'm going to speak

50:12

for myself, not other advisors out there, but I'm seeing people, Benny,

50:17

on an ongoing basis who are with a current broker, planner,

50:20

advisor or agent and they do not have the things

50:23

that they need to be successful and independent during retirement.

50:26

That's why they're coming to see us here at Limehouse Financial. So, Benny,

50:30

same thing for you. Thanks for being a listener, but

50:32

come in. Let's build you that written plan for retirement.

50:35

Let's make sure you're doing all the right things so

50:38

this one point five million that you have doesn't get

50:42

managed improperly. The answer is it's worth using Limehouse Financial.

50:47

Of course.

50:47

It is eight hundred nine four zero six ninety seven nine. Benny,

50:50

give us a call. Edwin and Lexington says, I'm sixty four,

50:54

a retired cardiologist. I now do volunteer work with a

50:57

nine million dollar net worth which includes a paid condo

51:00

worth about a million, three million in treasuries, the rest

51:04

or the rest, and a Vanguard Index fund. I'm not

51:07

a big fan of living in a condo, would like

51:09

to have a forever home. Good IDEA question mark is

51:12

what is the maximum should I safely spend assuming I

51:16

live into my eighties.

51:18

Well, Edwin, congratulations, and you and I have something in common.

51:22

We both like to help people get better. So I

51:26

know as a doctor, that's what you did. Sometimes I

51:30

look at myself as a doctor of retirement. You know, well, actually,

51:34

you know, we have another thing in common. Ed when you were a specialist, you an expert in helping people

51:40

with their heart and I'm a specialist. I'm an expert

51:43

at helping people get to and stay in retirement successfully.

51:48

What a great net worth good job saving? You know,

51:53

As far as living in a condo and getting a

51:55

forever home, I think that is a great idea. You

51:57

deserve it, you have the funds of aila to do it,

52:00

and I think that you should find it and acquire it.

52:04

So as far as what is the maxime you should

52:06

safely spend assuming you live into your eighties, well, that's

52:09

a difficult question for me to answer because there's a

52:11

whole lot of factors that go into it. As you

52:14

can imagine, you know, when you're a doctor, there's a

52:16

lot of questions that you had to ask to make the best recommendation. So, you know, are you married, have

52:20

you filed for your Social Security? Do you have a

52:23

safe money strategy in place? Do you have a written

52:26

plan for retirement? Are you making sure that you're going

52:29

to not pay unnecessary taxes during retirement? Are you making

52:33

sure that who you want to get your money will

52:35

in fact get it. So many questions and guess what,

52:38

I've got all the answers, but I cannot answer that

52:41

question for you. About the maximum you should safely spend.

52:44

I'm kind of leaning towards you probably can spend whatever

52:48

you want with having such a high net worth, but

52:51

at the end of the day, you need to be

52:54

understanding the green line principle. Visit green Line Principle dot

52:58

com and you know, learn more about how that can

53:01

help you be in control and independent during retirement. Great

53:05

job saving, Come on in and see us. Let's build

53:07

you a written plan for retirement, folks. That's the offer right now for those listening the next ten callers in

53:11

the next ten minutes, a written plan for retirement, one

53:14

that's going to get you to where you want to go and keep you there. It's put together by your

53:18

team of certified financial professionals. I'm going to give it

53:20

to you, no cost and no obligation. Eight hundred and nine for zero six ninety seven nine. Pleasure to be

53:25

with you guys out there in radio land. Once again, Stee,

53:27

thank you, for all your hard work and the team for all their hard work. Folks, Tune in next week

53:32

for another great episode of The Road Your Retirement Show

53:34

with Livehouse Financial, and until then, God bless you.

53:40

The information provided is for illustrated purposes only and does

53:43

not constitute investment, tax, or legal advice. Information has been

53:46

obtained from sources that are deemed to be reliable, but

53:48

their accuracy and completeness cannot be guaranteed. Either Trip Limehouse

53:52

nor his guests are liable for the usage of information discussed.

53:55

Always consultable the qualified investment, legal, or tax professional before