Episode Transcript
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Speaker 1 (00:02):
By Don gee Y iHeart Studios. Welcome to Retirement Ready
with your host Dave Kopek from the Retirement Planning Group.
Every week, Dave and his team discuss the ways they
can help people make informed decisions about their retirement assets
to maintain, improve, and secure their desired quality of life.
Here's your host, Dave Coppet.
Speaker 2 (00:28):
Tries to put me down and says, it is I
don't right away? Now, what's the matter, Boddy? You heard
of my school? It is number one in the state.
Speaker 3 (00:51):
Alight, true leading outfit. I like that song.
Speaker 2 (01:01):
It's definitely an oldie. Well, if your hip, if you're
a cool dude, you're a cool cat. That's a tribute
to the.
Speaker 3 (01:18):
Great and wonderful, talented Brian Wilson who passed away from
the Beach Boys. So times are passing a spy here,
we're losing.
Speaker 2 (01:31):
We lost sly Stone. Was it last week? Guys?
Speaker 3 (01:35):
I think it was last week. He passed away too.
We might have to do a little sly Stone today too.
A couple of his hits kind of integrate the men.
But I'm here, I'm Dave Kopek. This is Retirement Ready.
I'm here with my son Christopher William. I'm being out
(01:55):
for the last couple of weeks. I've been in Ireland,
so it's good to be back here in sunny upstate
New York eighty five and sunny.
Speaker 2 (02:03):
Where we are, isn't it, Chris?
Speaker 3 (02:06):
Nope? Kay, I can't even remember the last time I
saw the sun. Does the sun come through aubany anymore?
It looks like the only thing we get is rain
and overcast and clouds and storms. So it's been a
long time. Somebody told me. I think gods told me,
and one of the guys here this morning has been
like thirty weeks, I think thirty one every weekend. Yep, rain,
(02:31):
It's November, yep, mid November.
Speaker 2 (02:35):
Does that mean that I get a bus ticket to
head south? It might have to. It's unbelievable.
Speaker 3 (02:44):
But you know, we're going to talk today about the
topic that is the greatest concern for a lot of individuals,
especially if you're going into retirement. The number one concern
ding ding ding ding for future retirees is what.
Speaker 4 (03:01):
Christopher, where's the money coming from?
Speaker 3 (03:06):
Running out of money? Show me the money right? And
the fear is driven by a lot of factors. Number
one is, of course, we're living longer lives. It's called
longevity risk. Number two. I don't have to tell anyone
that's paying for their own health care rising healthcare costs.
(03:26):
Number three Inflation, the cost of living rises faster than
what we expected for our retirement years, eroding what purchasing power.
Number four, the uncertainty about social security, potential reduction and
benefits that will not happen in my opinion for people
that are probably fifty five and older. People that are
(03:50):
fifty five and younger might see some reductions, and of
course market volatility, investment returns. So today we're going to
be talking about what do you do?
Speaker 2 (04:03):
You know? Right now?
Speaker 3 (04:05):
In twoenty and twenty five, these numbers are pretty starting.
Eleven four hundred Americans turn sixty five every day.
Speaker 2 (04:17):
It's a historic milestone.
Speaker 3 (04:18):
Four point one to eight million people reaching the traditional
retirement age. It's the highest on record. So what does
that mean? That means that those individuals are going into
the retirement years need to seek out opportunities to basically
build out retirement income distribution plans. And it's critical for
(04:42):
retirement readiness. Would you say it's mission number one?
Speaker 2 (04:47):
Chris?
Speaker 4 (04:48):
Yeah, to understand where your money is going to come
from and how you're going to supplement your baseline income
needs in retirement. I think that's step one. Yeah, figuring
out how much money you're spent and how much you're
going to need going out the door.
Speaker 2 (05:05):
Yeah.
Speaker 3 (05:06):
So we're going to talk about some key lessons things
that you need to start thinking about. But before I
get into today's show, I want to overemphasize something because
this is probably one of the greatest workshops that I
think that we're going to have in the year twenty
twenty five. We're going to have it in June, and
we're also going to have another one probably in October.
(05:27):
Because of what is happening and people's concerns as far
as protecting income during your retirement years. We are going
to have a workshop that is specific for annuities, that
dirty little word called annuities. We're going to talk about
the pros and cons do they fit into your retirement plan.
(05:48):
We're going to talk about fact not fiction. It's an
educational workshop, right, We're not there to sell you a product.
We're there to educate you and talk about annuities and
how this this whole different opportunity exists now for what
we call living benefits, how you can protect income and
clarify your own personal retirement strategy. We're gonna have it Wednesday,
(06:12):
June twenty fifth. It's a week from this coming Wednesday,
at the Century House, the Century House in Latham. If
you would like to attend registrations at five thirty. We're
gonna have some pickies. It's not going to be a
sit down, but we're gonna have some picky some finger food,
and then we're gonna have the presentation at six pm.
(06:33):
And if you want to attend, I can't tell you.
I would highly recommend that you come and find out
exactly how you can create your own personal pension benefit.
And you can call the office at five one eight
five eat zero one nine one nine five one eight
five eats zero one nine one nine. You can go
to the web rpgretire dot com. If you call, you
(06:55):
can leave a message today and just say listen, I
heard Dave on the radio today. I want to be
a participant in the educational workshop as far as protecting
your income during your retirement years. And leave your name
and a telephone number in Jim Jarrett, Lisa my Son.
Someone will call you back in order to reserve your spot.
(07:17):
And I can't overemphasize enough this is an educational workshop.
It's about pros and cons It's fact not fiction. It
goes over how to protect your income. Seven out of
ten of you, seven out of ten of you that
are going into your retirement years are concerned about how
do I manage assets for an extended period of time.
(07:39):
So again, if you want to attend five one eight, five,
eight zero one nine nine five eight five eight zero
one nine one nine, and today we're going to talk
a little bit about some different ideas, some different things
that we go through before individuals we implement a plan.
So first and foremost, Christoph, for what do we do
(08:01):
at the first meaning for individuals.
Speaker 2 (08:03):
When we meet with individuals, it's just mainly a meet
and greet.
Speaker 4 (08:07):
You know, we'll we'll have Jimmy send out a confidential
questionnaire booklet that prospects will fill out. They come in,
they sit down with us, you know, we have a
cup of coffee, we'll review the booklet and just see
where you're at. You know, the main the first appointment
is just to get to see if we're a good
(08:29):
fit for you. You're a good fit for us and
to go over you know what assets you've accumulated for
your retirement years. And then from there, we'll take that
booklet of information, we'll plug it into the software systems
that we utilize, and we'll decide if a follow up
(08:51):
appointment is necessary or if you want to come in
for a follow up appointment, we can set one up
right then there.
Speaker 3 (08:56):
We can basically tell at that first meeting if we
can be of assistance to if folks, like we say
over and over again, the worst thing that can happen
is that you're not inform and educated about all of
the opportunities that exist out there. And we concentrate on
three areas for individuals. The three areas that we really
(09:18):
focus in on is retirement, income distribution, asset protection, how
you protect your assets through your lifetime, and of course
legacy planning. The transfer of wealth wants you both the
husband and wife or the significant others pass away. So
there's a lot of terms that we use on the radio.
(09:40):
There's a lot of concepts, there's a lot of ideas.
These workshops allow you to basically get the nuts and bolts,
you get underneath the hood and you can see exactly
some of these fin not only financial terms, concepts and
investment ideas products in order to maximize your retirement years
in the keyword that we don't like in retirement, and
(10:02):
of course that's what stressed. So we're gonna talk a
little bit about the actions that you need to take. Again,
don't forget June twenty fifth. This is a special workshop.
One of the reasons why I'm doing this is because
it's the number one concern for future retirees running out
of money in retirement. So you need to understand there
(10:26):
are ways to build your own personal pension, and you
need to understand that annuities are not a dirty word.
They are an idea and a concept that has changed
dramatically over the last five to ten years. And I
think some of you will be flabbergasted as far as
some of the benefits that these products currently offer you
(10:48):
as a future retiree or an existing retiree. So if
you want to attend five one eight, five eight zero
one nine one nine five one eight five eight zero
one nine one nine if you have a question today,
we're live in the studio one eight hundred talk WGY
one eight hundred eight two five fifty nine forty nine.
I'm Dave Kopek. I'm remember my son, Christopher Kopek. We'll
(11:10):
be right back the eighty six percenters. Do you know
that eighty six percent of the population has no defined
benefit pension plan. For most of us, we have to
take our life savings and create a paycheck for the
rest of our lives in retirement. What is your plan
for retirement income distribution? How you manage your assets during
the most critical years of your lifetime. Nobel Prize winning
economist William Sharp has called retirement income distribution the nastiest,
(11:34):
hardest problem in finance. He points out that investment, uncertainty,
and mortality can derail the most careful laid out retirement
income plan. Call our offices today to start the process
of building a retirement income distribution plan. After forty one
years of being in the financial services business, you need
to start taking action to start building your own personal
retirement income distribution plan.
Speaker 2 (11:56):
How do you do that? To take action?
Speaker 3 (11:57):
Five one eight five eight zero one nine nine. That's
five eight five eight zero one nine one nine or
RPG retire on the web. Don't procrastinate, motivate to start
building your retirement income distribution plan five eight five eight
zero one nine one nine. Your partner for success David
Kopak heir your retirement planning specialists at WGY Tirement Planning Group.
(12:19):
We understand that retirees face many important decisions that can
affect their long term financial success. Some of these decisions
revolve around making investments that can help create a hedge
against outliving their income, the impact of the Platian taxation,
and rising healthcare cost Because over ninety percent of our
clients are retirees with similar concerns, we are in the
(12:39):
best position to approach such challenges with experience and skill.
Most of our clients lack the time, the desire, or
the experience the manage to their own investment portfolios. We
consider it an honor and a privilege to help our
clients make sound investment decisions that will contribute to a
secure future. We welcome the opportunity become your partner and
establish your retirement plan. Give us a call today for
(13:02):
your complementary consultation at five eight five eight zero one
nine nine. That's five eight five eight zero one nine
one nine or RPG retire on the web. You have
spent a lifetime saving for retirement. Now it's time to
make that money work for you. Here's the secret most
people miss. You have to create your own retirement income plant.
Social Security is not enough, pensions are rare. You need
(13:23):
a strategy that turns savings into monthly income that will
last a lifetime. At the Retirement Planning Group, we build
customized income distribution plans so you can retire with confidence,
retire smart, live well.
Speaker 2 (13:34):
Call eight eight eight five eight.
Speaker 3 (13:36):
Zero one nine one nine for your complementary consultation.
Speaker 5 (13:56):
Songs die, that's what year did that come out?
Speaker 2 (14:23):
Gods? You think that song you got? You got the
numbers that don't have the year here, you don't have
the year.
Speaker 3 (14:28):
I was watching christ in there see if he was
going to react to all music. Another old one for him.
Speaker 2 (14:34):
Yeah, before my days, you.
Speaker 3 (14:38):
Weren't even a thought when that song came out. You
had your afro back then. He used to curl his
hair under.
Speaker 6 (14:52):
How do we not have pictures? I gotta get a
picture this.
Speaker 3 (14:54):
There's a picture. It's floating around him. One cool dude. Man,
You have no idea how cool I was? That was
so cool. Matter of fact, I could pick my hair
up off my head and just set it on the dresser.
Speaker 6 (15:07):
I don't know businesses talk about har anymore.
Speaker 3 (15:09):
Quiet the seventies. Everybody was cool in the seventies. Your
disco days, my disco days. That's exactly right, My disco
disco Dave was. We laugh about it. My kids see
pictures of me, sometimes they'll say, who the hell's that?
(15:31):
King of the hill Man, the Kick of the hill
All right, we had a lot of fun. Those were
days gone by. But of course we lost sly Stone
over the past week two, so we've lost two legends.
Brian Wilson, sly Stone, great music, just a whole error
that we're starting to, you know, see some of the
(15:52):
people fall and go on to the next whatever. But
today we're talking about the number one concern for future
retirees and what is it. It's running out of money.
And you can go through the multitude of things. But
if he ain't got no money, you ain't got no life,
you haven't got any happiness. So it's important for people
(16:14):
to listen to this presentation and to show up at
the one we're giving at the Centry House. You got
to remember, at the retirement Planning group, we educate and
inform you. We don't have a bias. We don't try
to tell you what to do with your money. We
listen to what your concerns are and we try to solve.
Solve for the direction that you need to move in
in order to facilitate the happiness that you need in retirement.
(16:36):
So Paul's in your court.
Speaker 2 (16:40):
What do they do?
Speaker 3 (16:41):
What do they do if they're thinking about building out
their own personal pension, Chris.
Speaker 4 (16:46):
They should first understand that these are products that you're
not putting one hundred percent of your money into. You know,
you're not taking your entire four oh one K and
putting it in an annuity to create a pension and
then living off of it. You know, it's for a
portion of your assets or a lot of people have
like a a cash balance plan or a pension plan
(17:07):
where they can take a lump sum. It makes a
lot of sense to look at these options and do
it yourself, you know, and go out and shop around
in the insurance side of the market for these annuities
and see what they have to offer to self fund
yourself a pension, because it may be better than what
they're offering you through work. So, you know, with a
(17:27):
lot going on, in the market right now. You know
rates they're hopefully coming back down. You know, they're looking
at September now. Their June eighteenth was supposed to be,
you know, the first day that they were going to
lower them. I think they're kind of forecasting out through
September now, but they might surprise.
Speaker 2 (17:46):
They might surprise next week. Yeah.
Speaker 4 (17:48):
I think it's like a coin flip they're saying right now.
Speaker 3 (17:50):
They might be a surprise, but they definitely Now now
they're talking two to three reductions in the Fed funds.
Speaker 4 (17:58):
Well, that would be good for the bonds. But the uh,
the purpose of like the annuities and like self funding
yourself a pension is to set money aside for you know, comfort,
just supplementing your social security as far as like baseline
income or guaranteed income in retirement. So where this makes
(18:18):
sense is, you know a lot of people, if you're
a nervous investor, you see what's going on right now
geopolitically with bombs flying around in the Middle East, and
you know, are we gonna get involved and what's what's
gonna happen with all that? Is the market going to react?
Is it going to go down? You know if you're
nervous and you're not looking on a long term horizon.
(18:38):
You know, you're you're more anxious, and you're looking at
your phone or your computer every day seeing red in
the account and you're pulling your hair out. Then maybe
you are a candidate to kind of set a portion
of your portfolio aside and create this guaranteed income stream
in retirement through an annuity and self fund yoursel self
(19:00):
a pension. And you know, these people, I guess are
the prime candidates. Other folks are just maybe someone who's
got a million bucks in a in a four to
one k, they take four hundred thousand, you know, or
three hundred thousand three, four thirty to forty percent out,
(19:20):
leave the remainder and you know, an invested model allocation
and pull income from that in like an you know,
investing in bonds or mutual funds ETFs, whether you want
to go equity or bond and setting aside that three
to four hundred thousand dollars and just putting it in
an annuity and letting the seeing what you know, the
pension offers, what type of monthly income can you kick
(19:43):
off this thing to supplement your social security to just
be more comfortable in retirement.
Speaker 2 (19:49):
Well, that's the big thing.
Speaker 3 (19:50):
Yeah, And I want to overemphasize, you know, I say
all the time, the annuity marketplace is as different as
the cars that you can select when you go up
and down Central Avenue. You can buy the Cadillac, you
can buy the Subaru, you can buy the Toyota, you
can buy the Honda. You know, everyone has features, and
(20:11):
it's no different when you purchase an annuity. An annuity
product is complicated. Annuity product is specific to the insurance
company that's issuing it. And I'm in the camp that,
if you're retiring, will use National Grid as an example.
If you've got your cash balance account, you turn that
into a pension benefit, which they allow you to do.
(20:34):
You're basically getting an annuity that is funded through National Grid.
When you die, the benefit dies.
Speaker 2 (20:41):
Okay.
Speaker 3 (20:42):
I'm in the camp that I want to make sure
that the money that I've accumulated in my lifetime, I
have the ability not only to use it in my
lifetime my spouse's lifetime, but also I want to leave
a legacy or a certain amount of that money to
my children or my grandchildren. I don't necessarily want to
leave it to the fund. So make sure you understand
(21:04):
that's why this workshop that we're having on the twenty
fifth is going to be very specific and the types
of products that are currently out there. We're going to
go over a couple that we're currently utilizing through the
Retirement Planning Group. But as I said this morning when
I had Chris McCarthy on, you know, Chris has been
in the business for forty years. This is all he's
worked on is retirement income distribution for his forty years.
(21:27):
So he's brought some ideas and concepts to the Retirement
Planning Group that we were not utilizing that we're now
now starting to utilize. But the big thing is is
that you have to have an unbiased approach to this
because company A might have the great, a great, a
fantastic accumulation benefit, but company B might have the better
(21:49):
income product, right am I correct by saying that.
Speaker 4 (21:52):
Yeah, And I think that's what we've seen when we're
shopping around and looking at all these different products now
because they're new to us as well, you know, they're
fairly new to the market. But yeah, exactly that some
are really good for you know, we found one that's
really good, and that's the one we're going to be
presenting at the presentation. As far as like the guaranteed
(22:15):
or the self funded pension, the pension, Yeah, the pension
benefit one. That's the one that you know through the
vetting that we've done with the different wholesalers in the office.
Speaker 2 (22:24):
It makes a lot of sense.
Speaker 4 (22:27):
To present this one and have him come in and explain,
you know, the product itself to anyone who's interested.
Speaker 3 (22:34):
Well, I went to a presentation this past week which
was an educational one, and I want the listening audience
to understand exactly what's going on out there. Okay, there's
a little company out there called Blackrock, and if you're
familiar with Blackrock, they have trillions of dollars trillions of
dollars of assets that they manage. What they have found
(22:56):
out in their research is they needed to have a
retirement income solution for the participants that were in their
four oh one K programs. And what they came out
with is da.
Speaker 2 (23:09):
Da da Da.
Speaker 3 (23:11):
Here comes the drum Roll, an annuity product that basically
provides retirement income for life and it's called Life Path.
So what they're starting to see or what we're starting
to see is major investment banking firms are now getting
into the lifetime income benefit arena simply because individuals are
(23:35):
very apprehensive about riding the roller coaster the volatility of
the stock market when they're taking distributions off their portfolios.
Probably the greatest anxiety that you can have as a
retiree is the need to take four or five percent
off your portfolio in the market's drop in twenty five
or thirty percent.
Speaker 4 (23:54):
Yeah, yeah, we saw it in twenty twenty two. That
was a rough year for not only the equity market
but the bond market exactly right, So portfolios in that timeframe,
you know, you're taking four or five percent on top
of a year where bonds were down fifteen, equities were
down anywhere from twenty to thirty depending on how tech
focused you were. You know, your portfolio probably took around
(24:18):
a thirty or thirty five percent hit, depending on your allocation.
It's going to take a lot to get that back,
you know, luckily the last couple of years of especially
when you're drawn on it. Yeah, yeah, when you're taking
those distributions. Yet, it definitely takes a chunk out of
the account.
Speaker 3 (24:34):
So what this allows you to do these types of
products that we're talking about. It allows you to basically
sleep at night because even if the account goes to zero,
it guarantees that payments will be paid until you pass away,
both you and your spouse. So the risk the hedge
is now to the investment advisory company, not to you.
And the thing is is that the key word, the
(24:56):
key word is that this is a product that provide
you sustainability. It basically meets the greatest risk, which is longevity.
So we're going to talk about this in greater detail
when we come back today, but again mark your calendars.
June twenty fifth, five point thirties registration. It's going to
(25:18):
be held at the Century House. We're going to be
talking about annuities, pros and cons not fact not fiction.
We're going to talk a little bit about is exactly
what these products do, and then you decide if it's
factor fiction for your own personal wellbeing. We'll be right
back after this quick message. This is retirement ready. I'm
Dave Kopek. I'm here with my son, Christopher William.
Speaker 1 (25:41):
The romance is over Pylon and I had a great relationship.
Speaker 2 (26:09):
One child. The world was up to be somebody just
like this. I have no idea what this is. This
is uh, this this back in the day, this was rapping. Yeah,
that's something. It wasn't the Beatles, that's for sure, right Nope.
(26:36):
Nice beat though, nice beat.
Speaker 3 (26:39):
I think I can dance to it, and I'll give
it a number six, six out of ten. You guys,
remember you guys don't remember American Bandstand? Right?
Speaker 2 (26:54):
No sick Clark remember that? Guys?
Speaker 6 (26:57):
On do you think I got no hair?
Speaker 3 (27:00):
So jesus, no teeth and no hair. I think you
look a lot older than you are. But I'll take
a guess sixty five. We're having too many kids. That's
my problem, every kid. Every time I see you having
(27:21):
another one, can't you guys turn the TV on and
leave it on?
Speaker 6 (27:25):
Happy fathers?
Speaker 3 (27:28):
Yeah, you gotta you gotta stop you guys. You gotta
start getting some night work. Get outside mult yard, will you?
I God, what are you doing? We're having another kid?
We got three boys? Now, three boys?
Speaker 2 (27:49):
Three? What are their ages?
Speaker 3 (27:50):
My oldest just graduated pre school yesterday, so he'll turn
five in next week, five two and then eight months.
Speaker 2 (27:59):
Ww my. Every time.
Speaker 3 (28:02):
My brother in law, Vince, who I saw last night,
he's got four sons, four boys, no girls. Every time
they tried for a girl, they had another son.
Speaker 2 (28:09):
That was it.
Speaker 3 (28:10):
And all he's doing is because they're very sports oriented.
All they're doing is what running the roads twenty four
to seven, three sixty five. So it's unbelievable, but you
wouldn't have it any other way. I don't think so.
All right, Happy Father's Day. As long as we're talking
about gods and his inability to sleep at night, I
(28:35):
want to wish Happy Father's Day to all the dad's
out there. You know, the greatest gift that a wife
can give you, of course, is the beauty and the
grace and the love of a child. And you know,
it takes a while sometimes for you wrap your arms
around it. But you know, for some of you who
do not have children yet, it's a great day. For
(28:57):
those that do have children, you understand that it really
is a miracle from God. I heard Bob Lonsbury before
I driving in here today. He did the show before
this one, and he was talking about the beauty of
his family, and I feel the same way. We've been fortunate.
All my kids are healthy, they've all done well. They
don't listen as much as I'd like them to listen to,
(29:18):
you know, the great wealth of information that I have
for them. But if you got a dad, you're not
talking to him, stop, Get on the damn phone.
Speaker 2 (29:30):
Go to the house. You know, there's too.
Speaker 3 (29:32):
Many people out there that have made small things become
big things, and the dads that are out there. If
you're not talking to your kids, shame on you. Get
on the phone and talk to your kids. Okay, it's
the only one way, you know, there's no return to earth.
You know, we get one trip. Make sure that you're
maximizing it. And as I said, enjoy your datamorrow. It's
(29:52):
a very special day. And I know all the dads
out there that have children and grandchildren and it's just fun.
It's a great day. And I know that my kids
have got all sorts of gifts. Did you buy me
in the new car?
Speaker 2 (30:04):
Yeah? Yeah, get the car? Yep, toys. Rs. Bentley, I
gotta wish.
Speaker 3 (30:14):
I can always wish, right, But we're talking about this
amazing influx of retirees. Eleven four hundred Americans every day
turn the age of sixty five. It is the highest
on record, and it marks the opportunity for you as
(30:34):
an individual to basically apply some readiness, some investment ideas
to basically protect your future, not only for yourself but
also I know a lot of the guys and gals
that come in. One is the point person. One is
the individual that really focuses in on the investments. And
there is a sense of security that you get when
(30:56):
you basically build a portfolio that you cannot live And
I know it sounds corny. I had Chris McCarthy on today.
He's been doing it for forty three years or forty years.
I've been doing it for forty three I never had
one individual ever said to me that I wish I
never did an annuity. But you need to understand how
(31:16):
they fit into.
Speaker 2 (31:17):
Your overall plan.
Speaker 3 (31:18):
They are not, and I want to emphasize, suitable for
all your money. They're basically set up to build what
we call baseline income guaranteed income streams. And the likelihood
of you living twenty plus years in retirement today is very,
very very positive that that's going to happen. You know,
(31:39):
we're living longer lives healthcare, and you don't want to
be in a position where you're going to be worrying
about exhausting your retirement savings because the man upstairs is
giving you a longer life than what you expected.
Speaker 2 (31:51):
Agreed.
Speaker 4 (31:53):
Yeah, longevity risk is one of the main you know,
concerns on why people get or start looking at these
products is you know, if they're like, man, I don't
know how long I'm going to live. My parents live
till their ninety and with technology today, i could live
till ninety five, one hundred, who knows. But it's just
it opens another door of you know, this is available
(32:14):
out there if you want to learn about it. There
are options available to you that you can lock in
a self funded pension that you will not.
Speaker 2 (32:24):
Outlive, you know.
Speaker 4 (32:25):
And there's a lot of new writers and benefits and
different bells and whistles with all these products that we're
just learning about. So it'll be good to sit down
and have you know, the company itself come in and
speak to it.
Speaker 3 (32:39):
There's a new study that just came out and this
is you know, we've been researching this, folks for over
a year. Ninety seven percent of our business is actively managed.
We only have about three percent of our total portfolio
and annuity products, so this is not something that is
ninety seven three. It's just the opposite. We have a
(32:59):
very very small percentage of our assets that we manage
in these types of products. But when I see more
and more products that are coming across as far as
opportunities for us as financial advisors to allocate some of
our money into. One of the things that I always said,
I don't want to be locked into anything for an
extended period of time that I can't get out of,
(33:20):
and I want to make sure that there's a certain
guarantee benefit that's associated with it. Both of those exist today.
Both of those exist today in the products that are
currently out there. So you know the report that I
just read, it's called a License to Spend, and basically
what it does, it says that individuals that have allocated
(33:43):
a certain amount of money into guaranteed income significantly boost
retiree spending power and confidence. That's what I want. I
want the spending power and I want the confidence because
most of us are only going to go through retirement
one time, right right. Unless we have we get you know,
(34:05):
something happens that we come back again. What I'm saying
is that if I'm going into my retirement years, I
want to make sure not only do I have my
health insurance covered. I want to make sure that I
don't have the fear about living my savings. And I
want to make sure that I'm maximizing the power of
me to spend and the confidence to do it without
worrying about the money going away before I go away.
Speaker 4 (34:27):
Yeah. Yeah, And that's like the main thing. It's just
feeling comfortable with it. Like we were through the golf
league that we do on Thursdays. I was talking to
a couple of clients and that's, you know, the overwhelming
majority of what we hear is you know, it's a
comfort thing. And they said the same thing. You know,
when we sat down and you plug all the numbers
(34:48):
into E money, like the software system, it's up on
the board. You know, you have people looking at your
all your stuff, it's all in one place and they're
throwing all these numbers at you. As far as your
social security. If you have a pension, your pension, all
your investment investable assets, and you know a growth rate,
you know what the distribution is going to be off
(35:08):
of it inflation and then it spits out. You know,
a comfort spend level to you it it you know,
it's something that they say is you know, a sigh relief.
It's they can look at it and be like, oh wow, okay,
so retirement is, you know, doable. It's not something that
I have to really worry about if you're meeting your
(35:29):
baseline income needs and you have some extra money in
your pocket to go on a vacation or or do
these other things. So it's more of a it's a
comfort thing. So and flipping the switch to going from
saving and building your your wealth your entire life to
spending and taking distributions and you know, going on trips
(35:51):
and doing all these things that you've always wanted to
do in retirement.
Speaker 2 (35:54):
That's a tough, a tough task. Yeah, it is.
Speaker 3 (35:58):
The Other part of it is too, is that you know,
when we say the ability for you to basically create
your own personal pension benefit, you know about nine out
of ten of us today, the boomers.
Speaker 2 (36:10):
And Gen X.
Speaker 3 (36:12):
I think it's what's after the boomers is a gen
X no idea. I have no idea either, gen Z,
p Q, whatever the hell it is. You know, everybody
has this inability to basically get the gold Watch and
get the pension benefit and health healthcare. I mean more
and more of us are going to have to have
the personal responsibility the quality of life that we have
(36:33):
during our retirement years. Now, I just came back from
Ireland and I'm not someone just a wallflower, and I
asked people questions. I mean, I've met people from all
over Europe when I was in Ireland, and you know,
one of the biggest things in Europe is financial stability.
(36:54):
You know, the healthcare that they provide, the income that
they revive. Now, I know that some of these countries
have high taxes and they're you know, cost of living
might be a little bit more expensive then, but there
is a little bit of comfort to know that you know,
your savings is adequate enough in order for you to
basically have the confidence to go into retirement. And that's
(37:17):
what we're trying to achieve at the Retirement Planning Group
now in my forty three years at doing this. You know,
one of the biggest obstacles with annuities was you put
the money in and you lost it. There was a
high expense ratio. And the thing is is that you know,
you wanted to make sure that you had broad diversification
as far as the investment options, all the negatives have
(37:38):
now been turned to positives. You got broad diversification as
far as investments, you do have liquidity, and some of
these are less expensive than a fee based account with
low fee mutual funds and ets. So the insurance industry
is matched or has at least come to the plate
(37:59):
with opportunities for individuals such as myself and people that
are my age to basically take a portion of our
life savings, create income for both husband and wife, and
when we pass away, depending on the performance of the
investment portfolio, whatever's left in the pot is now going
to go to my children and my grandchildren. That's a
(38:21):
win win. I don't see how this is a negative
any way whatsoever.
Speaker 4 (38:24):
Yeah, I think what happened was the insurance companies with
all these annuities kind of listen to all the you know,
the crap that all these people were thrown at them
up saying, you know, these products are bad, this is
why high fees, no liquidity, you know, your money's getting
locked up for X amount of years, And they kind
of took all this stuff and rebranded their new products
(38:48):
to minimize as many of those boundaries for people to
getting into them as they possibly can. Because they do have,
like you know, not necessarily the greatest reputation as far
as I don't know why, but well.
Speaker 3 (39:02):
Uh, the reason why is that there were high fees,
there was ill liquidity, there was surrendered charges. Okay, but
everybody talks about them as if that's the apple that's
on the tree now today in the year twenty and
twenty five, and that's a bunch of you know what
we you step in. You know, it's just it's nonsense
they're talking about. It's a pinocchio. You know, it's a
(39:24):
marketing tool for them to basically say, is that you know,
you don't want to invest in these types of products. Now,
I'll tell you what, I wouldn't be talking about this
if I didn't think it was the right thing for
people to do. Ninety seven percent of our business is
not any type of annuity product. But you're invited. As
I said, we're going to have a free educational workshop.
(39:44):
We're going to have these at least two times a year,
and the name of it is protecting your Income during Retirement. Wednesday,
June twenty fifth, twenty twenty five. It's going to be
an informative educational workshop designed for you to look at
an investment option that will safeguard your financial future during
your retirement years. Sonuities pros and cons. Do they fit
(40:09):
into your retirement plan?
Speaker 2 (40:10):
Yes or no? Right? What's fact? What's fiction? Educational?
Speaker 3 (40:16):
You're gonna go through what we call living benefits of
annuities income strategies June twenty fifth, twenty twenty five, at
the Century House in Latham. Registration is at five thirty.
We're gonna have some picky foods, some tapas. Presentation will
start at six. You're gonna probably be out of there
no later than seven thirty. You know, we'll open it
(40:37):
up for question and answer. This is by reserving a seat.
You can't just walk in, okay, because we have to
have preparation for the amount of people. I can tell
you right now we're getting a substantial response for this,
So if you want to reserve your seat, you got
to call the office five to one eight five eight
zero one nine one nine five one eight five eight
(40:57):
zero one nine one nine. Check us out on the
web if you want to go to the web and
hit contact, that's rpgretire dot com or call us at
five one eight five e to zero one nine one nine.
I'm Dave Kopek. I'm here with Christopher Kopek. Will be
right back after this quick message the eighty six percenters.
Do you know that eighty six percent of the population
has no defined benefit pension plan. For most of us,
(41:20):
we have to take our life savings and create a
paycheck for the rest of our lives in retirement. What
is your plan for retirement income distribution? How you manage
your assets during the most critical years of your lifetime.
Nobel Prize winning economist William Sharp has called retirement income
distribution the nastiest, hardest problem in finance. He points out
that investment, uncertainty, and mortality can derail the most careful
(41:43):
laid out retirement income plan. Call our offices today to
start the process of building a retirement income distribution plan.
After forty one years of being in the financial services business,
you need to start taking action to start building your
own personal retirement income distribution plan.
Speaker 2 (41:58):
How do you do that?
Speaker 3 (41:59):
To take act five eight five eight zero one nine nine.
That's five one eight five eight zero one nine one
nine or RPG retire on the web. Don't procrastinate, motivate
to start building your retirement income distribution plan five one eight,
five eight, zero, one nine one nine Your partner for success.
David kopekair WG WISE Retirement Planning Specialists, the Retirement Planning Group.
(42:22):
We understand that retirees face many important decisions that can
affect their long term financial success. Some of these decisions
revolve around making investments that will help create a hedge
against outliving their assets the impact of inflation, taxation, and
rising healthcare costs. Most of our clients like the time,
the desire, or the experience to manage their own investment portfolios.
(42:46):
We consider it to be an honor and a privilege
to help our clients make sound investment decisions that will
contribute to a secure financial future for them. Because over
ninety percent of our clients are retirees with similar concerns,
we are in the best position to approach such challenges
with experience and skill. Give us a call today at
five one eight, five eight zero one nine one nine
(43:07):
five one eight five eight zero one nine one nine
or RPG Retire.
Speaker 2 (43:11):
On the web.
Speaker 3 (43:12):
We are living through the greatest wealth transfer in the
history of mankind. Trillions of dollars of wealth will change
hands from one generation to the next, your money for
our beloved children and grandchildren. Are you ready? Your future
is written by chance, it's written by action. Now's the
time to build your plan, protect your assets, and position
yourself for the opportunity. Don't wait, take action. The future
(43:34):
favors those that are prepared. Call eighty eight five eight
zero one nine one nine. That's eight eight eight five
eight zero one nine one nine. All right, I just
(44:16):
saw guys, you just grabbed his hat man out the door.
Speaker 6 (44:23):
I'm back, what happened? I'm sorry?
Speaker 3 (44:28):
Oh God, time does go by. You guys have no
idea who Slicestone is?
Speaker 2 (44:32):
You havennoying? Do you guys even know who the Beach
Boys are? Yeah? You know? You know that one? Yeah?
How about you guys? You know the Beach Boys?
Speaker 6 (44:39):
Brian Wilson passed away.
Speaker 3 (44:40):
Yes, you Syracuse guys, you can hit the head too
many times on Syracuse.
Speaker 2 (44:50):
Did you play football? I did? I did? Did you
play college? I did?
Speaker 6 (44:54):
I played out at a Hobart and uh, well that's Geneva.
Speaker 2 (44:57):
Doesn't Hobart that Division six.
Speaker 6 (45:04):
Somewhere between three and inner Merril.
Speaker 2 (45:09):
Would you play a position?
Speaker 6 (45:11):
I came in as a defensive end and then I
got moved offensive line.
Speaker 2 (45:14):
Did you. Yeah? Is that when you lost your hair?
Speaker 6 (45:19):
Awt some hairs shoulder?
Speaker 3 (45:21):
Isn't it great to be an athlete? You know you
walk around. My ankle was so bad from playing college
basketball and you know, playing hoop. When I got out
of college, I just walked down the street. My ankle
would give out on me because it was so stretched.
So I had to give it up. But I still
kicked my kids butts when I played them in basketball.
They still cry. Think about it.
Speaker 6 (45:41):
Come on, is that true?
Speaker 4 (45:42):
That's just not true at all. That may be the
furthest thing from the truth.
Speaker 2 (45:48):
Who hit the J? The last time? I was? Who
hit the J? Who hit the J at the top
of the key?
Speaker 4 (45:56):
This famous story that you keep bringing up. Yeah, I
was one. I was on your team. We won, but
now we didn't.
Speaker 2 (46:02):
Who hit the hot?
Speaker 4 (46:04):
It was the only shot you made of the game.
Speaker 2 (46:06):
I made it, though it was I made it to win.
You shot one for twelve.
Speaker 4 (46:10):
I made Uh. But yeah, no, that was a it's
a fifteen year old story.
Speaker 2 (46:17):
You answered this, He answered the question. I just asked.
Speaker 3 (46:19):
You don't have to give any more content. Who made
the shot? Say it again? You didn't make the shot.
Speaker 2 (46:26):
Stop. That's all you got to say. You made the shot.
That's all I gotta hear. You made the shot, that's
all I gotta hear. The shooting percentage was.
Speaker 6 (46:34):
Yeah, all right, that's not figure.
Speaker 3 (46:36):
You didn't have a three point line back right right, Okay,
here's the question that you might know.
Speaker 2 (46:47):
Guys.
Speaker 3 (46:47):
He's your sports guy, Pete Marriviage, pistol Pete Marriviage. If
he had the three point his whole career, that's a
basket player. Would he have been the greatest scorer in
the history of the college game?
Speaker 2 (47:04):
Yes, I agree, college or NBA?
Speaker 3 (47:09):
Probably both? Yeah, yeah, pistol. P could shoot it from anywhere.
He could be sitting in the stands eating the sandwich,
and he could put the ball in the whole more
so than Steph Curry. Absolutely might it might Maybe that's
my humble opinion. You think so, guys, he could dribble better.
Oh bye, guys, Steph Curry and p merripags. That'd be
(47:29):
an awesome matchup.
Speaker 6 (47:31):
Yeah, that'd be great.
Speaker 2 (47:33):
Who's the next Steph Curry in the NBA? Right now?
Speaker 4 (47:36):
I don't even know if there is one.
Speaker 2 (47:38):
Oh God, who's that kid? That's playing for ok C.
That's unbelievable. Shay, the one that he's got, He's he's
the real deal. He's good. It's why they're in the chip.
Speaker 3 (47:48):
Yeah, Yeah, they're good. All Right, we're talking about annuities.
We're going to have a workshop.
Speaker 2 (47:55):
Uh.
Speaker 3 (47:56):
One of the things that we've talked about is that
our generation and the boomer generation has made significant changes
to the investment advisory business and the investment banking firms
and also the insurance form firms have provided us financial
advisors with what we call an investment advisory fee based business.
(48:22):
That's what an ORIA is, registered investment advisor. That's what
we are at the Retirement Planning Group. We are a
fee based professional organization. And what has happened the insurance
industry has designed products in order to facilitate our desire,
our needs for their products under a fee based platform.
So if you're looking to create a pension benefit, if
(48:46):
you're looking to do wealth replacement for a surviving spouse,
if you're looking to set up a pension benefit for
yourself and your loved ones, if you're looking to design
a pension benefit for a starving artist child, you should
attend this workshop, and again it's June twenty fifth. It's
going to be held at the Century House. Registrations at
(49:09):
five point thirty, presentations at six. Reserve your seat today.
There's limited seeding available five eight five eat zero one
nine one nine. That's five win eight five eat zero
one nine one nine. Trust me, you will not be
disappointed by attending this workshop. I think it's powerful, it's amazing,
(49:29):
and you're going to find out that a lot of
these Pinocchio content that is being marketed out there, how
wonderful or horrible whatever however they want to present it.
You're going to find out if this is something that
is actually suitable for you and what you're trying to
achieve during your retirement years.
Speaker 4 (49:50):
So yeah, the money too in these products. Just to
touch on, it's still invested. You know, you still have
a list of positions and mutual funds that you can
invest the money in in like an underlying account, and
it's they're pretty complicated, but to just give like a
brief overview, the money will be invested in the market
(50:10):
and there's potential to get what they call a step
up and lock in a higher income income. You know,
as far as that pension amount. So a lot of
people say, like, what's the you know, inflation. Is it
a locked in yearly amount that I'm going to be
collecting for the rest of my life. You know, if
ten years, twenty years down the line, that's not going
to mean that much because of inflation. With the underlying investments,
(50:34):
you know, you can invest the money in outpace inflation,
you know, with these step ups. So that's that's another benefit.
You know, your your annual amount can increase.
Speaker 3 (50:49):
Which is important because it's no different than Social Security.
Social Security is based off of what inflation and then
you get a cost of living adjustment a COLA. You
can get that with this type of product too. You
can design them specifically so you automatically get a cola. So,
as I said, our job as financial advisors is to
be open to every idea and concept that's out there
(51:13):
and basically inform you, a prospective client or an individual
that's working through the retirement planning group, if this is
something that should be utilized during your pre and post
retirement years. So again, if you want to attend five
eight five eads zero one nine one nine, that's our
office telephone number. You can leave a message stay if
you want to give you a call on Monday to
(51:35):
reserve your seat five one eight five eads zero one
nine one nine to say hey, listen, we want to
come in and hear what you guys have to talk
about as far as creating our own pension benefit. How
much time we got gods thirty seconds? Yeah, so you
want to highlight anything, Chris before we say goodbye.
Speaker 4 (51:53):
No, I think we did a good job at, you know,
overviewing the product itself. If people are interested, make sure
you shoot us a call because it is limited seating
and it can be very beneficial.
Speaker 2 (52:06):
And then we'll have guys there. He's going to be
showing
Speaker 6 (52:09):
Us thank you for listening to the
By Don gee Y iHeart Studios. Welcome to Retirement Ready
with your host Dave Kopek from the Retirement Planning Group.
Every week, Dave and his team discuss the ways they
can help people make informed decisions about their retirement assets
to maintain, improve, and secure their desired quality of life.
Here's your host, Dave Coppet.
Speaker 2 (00:28):
Tries to put me down and says, it is I
don't right away? Now, what's the matter, Boddy? You heard
of my school? It is number one in the state.
Speaker 3 (00:51):
Alight, true leading outfit. I like that song.
Speaker 2 (01:01):
It's definitely an oldie. Well, if your hip, if you're
a cool dude, you're a cool cat. That's a tribute
to the.
Speaker 3 (01:18):
Great and wonderful, talented Brian Wilson who passed away from
the Beach Boys. So times are passing a spy here,
we're losing.
Speaker 2 (01:31):
We lost sly Stone. Was it last week? Guys?
Speaker 3 (01:35):
I think it was last week. He passed away too.
We might have to do a little sly Stone today too.
A couple of his hits kind of integrate the men.
But I'm here, I'm Dave Kopek. This is Retirement Ready.
I'm here with my son Christopher William. I'm being out
(01:55):
for the last couple of weeks. I've been in Ireland,
so it's good to be back here in sunny upstate
New York eighty five and sunny.
Speaker 2 (02:03):
Where we are, isn't it, Chris?
Speaker 3 (02:06):
Nope? Kay, I can't even remember the last time I
saw the sun. Does the sun come through aubany anymore?
It looks like the only thing we get is rain
and overcast and clouds and storms. So it's been a
long time. Somebody told me. I think gods told me,
and one of the guys here this morning has been
like thirty weeks, I think thirty one every weekend. Yep, rain,
(02:31):
It's November, yep, mid November.
Speaker 2 (02:35):
Does that mean that I get a bus ticket to
head south? It might have to. It's unbelievable.
Speaker 3 (02:44):
But you know, we're going to talk today about the
topic that is the greatest concern for a lot of individuals,
especially if you're going into retirement. The number one concern
ding ding ding ding for future retirees is what.
Speaker 4 (03:01):
Christopher, where's the money coming from?
Speaker 3 (03:06):
Running out of money? Show me the money right? And
the fear is driven by a lot of factors. Number
one is, of course, we're living longer lives. It's called
longevity risk. Number two. I don't have to tell anyone
that's paying for their own health care rising healthcare costs.
(03:26):
Number three Inflation, the cost of living rises faster than
what we expected for our retirement years, eroding what purchasing power.
Number four, the uncertainty about social security, potential reduction and
benefits that will not happen in my opinion for people
that are probably fifty five and older. People that are
(03:50):
fifty five and younger might see some reductions, and of
course market volatility, investment returns. So today we're going to
be talking about what do you do?
Speaker 2 (04:03):
You know? Right now?
Speaker 3 (04:05):
In twoenty and twenty five, these numbers are pretty starting.
Eleven four hundred Americans turn sixty five every day.
Speaker 2 (04:17):
It's a historic milestone.
Speaker 3 (04:18):
Four point one to eight million people reaching the traditional
retirement age. It's the highest on record. So what does
that mean? That means that those individuals are going into
the retirement years need to seek out opportunities to basically
build out retirement income distribution plans. And it's critical for
(04:42):
retirement readiness. Would you say it's mission number one?
Speaker 2 (04:47):
Chris?
Speaker 4 (04:48):
Yeah, to understand where your money is going to come
from and how you're going to supplement your baseline income
needs in retirement. I think that's step one. Yeah, figuring
out how much money you're spent and how much you're
going to need going out the door.
Speaker 2 (05:05):
Yeah.
Speaker 3 (05:06):
So we're going to talk about some key lessons things
that you need to start thinking about. But before I
get into today's show, I want to overemphasize something because
this is probably one of the greatest workshops that I
think that we're going to have in the year twenty
twenty five. We're going to have it in June, and
we're also going to have another one probably in October.
(05:27):
Because of what is happening and people's concerns as far
as protecting income during your retirement years. We are going
to have a workshop that is specific for annuities, that
dirty little word called annuities. We're going to talk about
the pros and cons do they fit into your retirement plan.
(05:48):
We're going to talk about fact not fiction. It's an
educational workshop, right, We're not there to sell you a product.
We're there to educate you and talk about annuities and
how this this whole different opportunity exists now for what
we call living benefits, how you can protect income and
clarify your own personal retirement strategy. We're gonna have it Wednesday,
(06:12):
June twenty fifth. It's a week from this coming Wednesday,
at the Century House, the Century House in Latham. If
you would like to attend registrations at five thirty. We're
gonna have some pickies. It's not going to be a
sit down, but we're gonna have some picky some finger food,
and then we're gonna have the presentation at six pm.
(06:33):
And if you want to attend, I can't tell you.
I would highly recommend that you come and find out
exactly how you can create your own personal pension benefit.
And you can call the office at five one eight
five eat zero one nine one nine five one eight
five eats zero one nine one nine. You can go
to the web rpgretire dot com. If you call, you
(06:55):
can leave a message today and just say listen, I
heard Dave on the radio today. I want to be
a participant in the educational workshop as far as protecting
your income during your retirement years. And leave your name
and a telephone number in Jim Jarrett, Lisa my Son.
Someone will call you back in order to reserve your spot.
(07:17):
And I can't overemphasize enough this is an educational workshop.
It's about pros and cons It's fact not fiction. It
goes over how to protect your income. Seven out of
ten of you, seven out of ten of you that
are going into your retirement years are concerned about how
do I manage assets for an extended period of time.
(07:39):
So again, if you want to attend five one eight, five,
eight zero one nine nine five eight five eight zero
one nine one nine, and today we're going to talk
a little bit about some different ideas, some different things
that we go through before individuals we implement a plan.
So first and foremost, Christoph, for what do we do
(08:01):
at the first meaning for individuals.
Speaker 2 (08:03):
When we meet with individuals, it's just mainly a meet
and greet.
Speaker 4 (08:07):
You know, we'll we'll have Jimmy send out a confidential
questionnaire booklet that prospects will fill out. They come in,
they sit down with us, you know, we have a
cup of coffee, we'll review the booklet and just see
where you're at. You know, the main the first appointment
is just to get to see if we're a good
(08:29):
fit for you. You're a good fit for us and
to go over you know what assets you've accumulated for
your retirement years. And then from there, we'll take that
booklet of information, we'll plug it into the software systems
that we utilize, and we'll decide if a follow up
(08:51):
appointment is necessary or if you want to come in
for a follow up appointment, we can set one up
right then there.
Speaker 3 (08:56):
We can basically tell at that first meeting if we
can be of assistance to if folks, like we say
over and over again, the worst thing that can happen
is that you're not inform and educated about all of
the opportunities that exist out there. And we concentrate on
three areas for individuals. The three areas that we really
(09:18):
focus in on is retirement, income distribution, asset protection, how
you protect your assets through your lifetime, and of course
legacy planning. The transfer of wealth wants you both the
husband and wife or the significant others pass away. So
there's a lot of terms that we use on the radio.
(09:40):
There's a lot of concepts, there's a lot of ideas.
These workshops allow you to basically get the nuts and bolts,
you get underneath the hood and you can see exactly
some of these fin not only financial terms, concepts and
investment ideas products in order to maximize your retirement years
in the keyword that we don't like in retirement, and
(10:02):
of course that's what stressed. So we're gonna talk a
little bit about the actions that you need to take. Again,
don't forget June twenty fifth. This is a special workshop.
One of the reasons why I'm doing this is because
it's the number one concern for future retirees running out
of money in retirement. So you need to understand there
(10:26):
are ways to build your own personal pension, and you
need to understand that annuities are not a dirty word.
They are an idea and a concept that has changed
dramatically over the last five to ten years. And I
think some of you will be flabbergasted as far as
some of the benefits that these products currently offer you
(10:48):
as a future retiree or an existing retiree. So if
you want to attend five one eight, five eight zero
one nine one nine five one eight five eight zero
one nine one nine if you have a question today,
we're live in the studio one eight hundred talk WGY
one eight hundred eight two five fifty nine forty nine.
I'm Dave Kopek. I'm remember my son, Christopher Kopek. We'll
(11:10):
be right back the eighty six percenters. Do you know
that eighty six percent of the population has no defined
benefit pension plan. For most of us, we have to
take our life savings and create a paycheck for the
rest of our lives in retirement. What is your plan
for retirement income distribution? How you manage your assets during
the most critical years of your lifetime. Nobel Prize winning
economist William Sharp has called retirement income distribution the nastiest,
(11:34):
hardest problem in finance. He points out that investment, uncertainty,
and mortality can derail the most careful laid out retirement
income plan. Call our offices today to start the process
of building a retirement income distribution plan. After forty one
years of being in the financial services business, you need
to start taking action to start building your own personal
retirement income distribution plan.
Speaker 2 (11:56):
How do you do that? To take action?
Speaker 3 (11:57):
Five one eight five eight zero one nine nine. That's
five eight five eight zero one nine one nine or
RPG retire on the web. Don't procrastinate, motivate to start
building your retirement income distribution plan five eight five eight
zero one nine one nine. Your partner for success David
Kopak heir your retirement planning specialists at WGY Tirement Planning Group.
(12:19):
We understand that retirees face many important decisions that can
affect their long term financial success. Some of these decisions
revolve around making investments that can help create a hedge
against outliving their income, the impact of the Platian taxation,
and rising healthcare cost Because over ninety percent of our
clients are retirees with similar concerns, we are in the
(12:39):
best position to approach such challenges with experience and skill.
Most of our clients lack the time, the desire, or
the experience the manage to their own investment portfolios. We
consider it an honor and a privilege to help our
clients make sound investment decisions that will contribute to a
secure future. We welcome the opportunity become your partner and
establish your retirement plan. Give us a call today for
(13:02):
your complementary consultation at five eight five eight zero one
nine nine. That's five eight five eight zero one nine
one nine or RPG retire on the web. You have
spent a lifetime saving for retirement. Now it's time to
make that money work for you. Here's the secret most
people miss. You have to create your own retirement income plant.
Social Security is not enough, pensions are rare. You need
(13:23):
a strategy that turns savings into monthly income that will
last a lifetime. At the Retirement Planning Group, we build
customized income distribution plans so you can retire with confidence,
retire smart, live well.
Speaker 2 (13:34):
Call eight eight eight five eight.
Speaker 3 (13:36):
Zero one nine one nine for your complementary consultation.
Speaker 5 (13:56):
Songs die, that's what year did that come out?
Speaker 2 (14:23):
Gods? You think that song you got? You got the
numbers that don't have the year here, you don't have
the year.
Speaker 3 (14:28):
I was watching christ in there see if he was
going to react to all music. Another old one for him.
Speaker 2 (14:34):
Yeah, before my days, you.
Speaker 3 (14:38):
Weren't even a thought when that song came out. You
had your afro back then. He used to curl his
hair under.
Speaker 6 (14:52):
How do we not have pictures? I gotta get a
picture this.
Speaker 3 (14:54):
There's a picture. It's floating around him. One cool dude. Man,
You have no idea how cool I was? That was
so cool. Matter of fact, I could pick my hair
up off my head and just set it on the dresser.
Speaker 6 (15:07):
I don't know businesses talk about har anymore.
Speaker 3 (15:09):
Quiet the seventies. Everybody was cool in the seventies. Your
disco days, my disco days. That's exactly right, My disco
disco Dave was. We laugh about it. My kids see
pictures of me, sometimes they'll say, who the hell's that?
(15:31):
King of the hill Man, the Kick of the hill
All right, we had a lot of fun. Those were
days gone by. But of course we lost sly Stone
over the past week two, so we've lost two legends.
Brian Wilson, sly Stone, great music, just a whole error
that we're starting to, you know, see some of the
(15:52):
people fall and go on to the next whatever. But
today we're talking about the number one concern for future
retirees and what is it. It's running out of money.
And you can go through the multitude of things. But
if he ain't got no money, you ain't got no life,
you haven't got any happiness. So it's important for people
(16:14):
to listen to this presentation and to show up at
the one we're giving at the Centry House. You got
to remember, at the retirement Planning group, we educate and
inform you. We don't have a bias. We don't try
to tell you what to do with your money. We
listen to what your concerns are and we try to solve.
Solve for the direction that you need to move in
in order to facilitate the happiness that you need in retirement.
(16:36):
So Paul's in your court.
Speaker 2 (16:40):
What do they do?
Speaker 3 (16:41):
What do they do if they're thinking about building out
their own personal pension, Chris.
Speaker 4 (16:46):
They should first understand that these are products that you're
not putting one hundred percent of your money into. You know,
you're not taking your entire four oh one K and
putting it in an annuity to create a pension and
then living off of it. You know, it's for a
portion of your assets or a lot of people have
like a a cash balance plan or a pension plan
(17:07):
where they can take a lump sum. It makes a
lot of sense to look at these options and do
it yourself, you know, and go out and shop around
in the insurance side of the market for these annuities
and see what they have to offer to self fund
yourself a pension, because it may be better than what
they're offering you through work. So, you know, with a
(17:27):
lot going on, in the market right now. You know
rates they're hopefully coming back down. You know, they're looking
at September now. Their June eighteenth was supposed to be,
you know, the first day that they were going to
lower them. I think they're kind of forecasting out through
September now, but they might surprise.
Speaker 2 (17:46):
They might surprise next week. Yeah.
Speaker 4 (17:48):
I think it's like a coin flip they're saying right now.
Speaker 3 (17:50):
They might be a surprise, but they definitely Now now
they're talking two to three reductions in the Fed funds.
Speaker 4 (17:58):
Well, that would be good for the bonds. But the uh,
the purpose of like the annuities and like self funding
yourself a pension is to set money aside for you know, comfort,
just supplementing your social security as far as like baseline
income or guaranteed income in retirement. So where this makes
(18:18):
sense is, you know a lot of people, if you're
a nervous investor, you see what's going on right now
geopolitically with bombs flying around in the Middle East, and
you know, are we gonna get involved and what's what's
gonna happen with all that? Is the market going to react?
Is it going to go down? You know if you're
nervous and you're not looking on a long term horizon.
(18:38):
You know, you're you're more anxious, and you're looking at
your phone or your computer every day seeing red in
the account and you're pulling your hair out. Then maybe
you are a candidate to kind of set a portion
of your portfolio aside and create this guaranteed income stream
in retirement through an annuity and self fund yoursel self
(19:00):
a pension. And you know, these people, I guess are
the prime candidates. Other folks are just maybe someone who's
got a million bucks in a in a four to
one k, they take four hundred thousand, you know, or
three hundred thousand three, four thirty to forty percent out,
(19:20):
leave the remainder and you know, an invested model allocation
and pull income from that in like an you know,
investing in bonds or mutual funds ETFs, whether you want
to go equity or bond and setting aside that three
to four hundred thousand dollars and just putting it in
an annuity and letting the seeing what you know, the
pension offers, what type of monthly income can you kick
(19:43):
off this thing to supplement your social security to just
be more comfortable in retirement.
Speaker 2 (19:49):
Well, that's the big thing.
Speaker 3 (19:50):
Yeah, And I want to overemphasize, you know, I say
all the time, the annuity marketplace is as different as
the cars that you can select when you go up
and down Central Avenue. You can buy the Cadillac, you
can buy the Subaru, you can buy the Toyota, you
can buy the Honda. You know, everyone has features, and
(20:11):
it's no different when you purchase an annuity. An annuity
product is complicated. Annuity product is specific to the insurance
company that's issuing it. And I'm in the camp that,
if you're retiring, will use National Grid as an example.
If you've got your cash balance account, you turn that
into a pension benefit, which they allow you to do.
(20:34):
You're basically getting an annuity that is funded through National Grid.
When you die, the benefit dies.
Speaker 2 (20:41):
Okay.
Speaker 3 (20:42):
I'm in the camp that I want to make sure
that the money that I've accumulated in my lifetime, I
have the ability not only to use it in my
lifetime my spouse's lifetime, but also I want to leave
a legacy or a certain amount of that money to
my children or my grandchildren. I don't necessarily want to
leave it to the fund. So make sure you understand
(21:04):
that's why this workshop that we're having on the twenty
fifth is going to be very specific and the types
of products that are currently out there. We're going to
go over a couple that we're currently utilizing through the
Retirement Planning Group. But as I said this morning when
I had Chris McCarthy on, you know, Chris has been
in the business for forty years. This is all he's
worked on is retirement income distribution for his forty years.
(21:27):
So he's brought some ideas and concepts to the Retirement
Planning Group that we were not utilizing that we're now
now starting to utilize. But the big thing is is
that you have to have an unbiased approach to this
because company A might have the great, a great, a
fantastic accumulation benefit, but company B might have the better
(21:49):
income product, right am I correct by saying that.
Speaker 4 (21:52):
Yeah, And I think that's what we've seen when we're
shopping around and looking at all these different products now
because they're new to us as well, you know, they're
fairly new to the market. But yeah, exactly that some
are really good for you know, we found one that's
really good, and that's the one we're going to be
presenting at the presentation. As far as like the guaranteed
(22:15):
or the self funded pension, the pension, Yeah, the pension
benefit one. That's the one that you know through the
vetting that we've done with the different wholesalers in the office.
Speaker 2 (22:24):
It makes a lot of sense.
Speaker 4 (22:27):
To present this one and have him come in and explain,
you know, the product itself to anyone who's interested.
Speaker 3 (22:34):
Well, I went to a presentation this past week which
was an educational one, and I want the listening audience
to understand exactly what's going on out there. Okay, there's
a little company out there called Blackrock, and if you're
familiar with Blackrock, they have trillions of dollars trillions of
dollars of assets that they manage. What they have found
(22:56):
out in their research is they needed to have a
retirement income solution for the participants that were in their
four oh one K programs. And what they came out
with is da.
Speaker 2 (23:09):
Da da Da.
Speaker 3 (23:11):
Here comes the drum Roll, an annuity product that basically
provides retirement income for life and it's called Life Path.
So what they're starting to see or what we're starting
to see is major investment banking firms are now getting
into the lifetime income benefit arena simply because individuals are
(23:35):
very apprehensive about riding the roller coaster the volatility of
the stock market when they're taking distributions off their portfolios.
Probably the greatest anxiety that you can have as a
retiree is the need to take four or five percent
off your portfolio in the market's drop in twenty five
or thirty percent.
Speaker 4 (23:54):
Yeah, yeah, we saw it in twenty twenty two. That
was a rough year for not only the equity market
but the bond market exactly right, So portfolios in that timeframe,
you know, you're taking four or five percent on top
of a year where bonds were down fifteen, equities were
down anywhere from twenty to thirty depending on how tech
focused you were. You know, your portfolio probably took around
(24:18):
a thirty or thirty five percent hit, depending on your allocation.
It's going to take a lot to get that back,
you know, luckily the last couple of years of especially
when you're drawn on it. Yeah, yeah, when you're taking
those distributions. Yet, it definitely takes a chunk out of
the account.
Speaker 3 (24:34):
So what this allows you to do these types of
products that we're talking about. It allows you to basically
sleep at night because even if the account goes to zero,
it guarantees that payments will be paid until you pass away,
both you and your spouse. So the risk the hedge
is now to the investment advisory company, not to you.
And the thing is is that the key word, the
(24:56):
key word is that this is a product that provide
you sustainability. It basically meets the greatest risk, which is longevity.
So we're going to talk about this in greater detail
when we come back today, but again mark your calendars.
June twenty fifth, five point thirties registration. It's going to
(25:18):
be held at the Century House. We're going to be
talking about annuities, pros and cons not fact not fiction.
We're going to talk a little bit about is exactly
what these products do, and then you decide if it's
factor fiction for your own personal wellbeing. We'll be right
back after this quick message. This is retirement ready. I'm
Dave Kopek. I'm here with my son, Christopher William.
Speaker 1 (25:41):
The romance is over Pylon and I had a great relationship.
Speaker 2 (26:09):
One child. The world was up to be somebody just
like this. I have no idea what this is. This
is uh, this this back in the day, this was rapping. Yeah,
that's something. It wasn't the Beatles, that's for sure, right Nope.
(26:36):
Nice beat though, nice beat.
Speaker 3 (26:39):
I think I can dance to it, and I'll give
it a number six, six out of ten. You guys,
remember you guys don't remember American Bandstand? Right?
Speaker 2 (26:54):
No sick Clark remember that? Guys?
Speaker 6 (26:57):
On do you think I got no hair?
Speaker 3 (27:00):
So jesus, no teeth and no hair. I think you
look a lot older than you are. But I'll take
a guess sixty five. We're having too many kids. That's
my problem, every kid. Every time I see you having
(27:21):
another one, can't you guys turn the TV on and
leave it on?
Speaker 6 (27:25):
Happy fathers?
Speaker 3 (27:28):
Yeah, you gotta you gotta stop you guys. You gotta
start getting some night work. Get outside mult yard, will you?
I God, what are you doing? We're having another kid?
We got three boys? Now, three boys?
Speaker 2 (27:49):
Three? What are their ages?
Speaker 3 (27:50):
My oldest just graduated pre school yesterday, so he'll turn
five in next week, five two and then eight months.
Speaker 2 (27:59):
Ww my. Every time.
Speaker 3 (28:02):
My brother in law, Vince, who I saw last night,
he's got four sons, four boys, no girls. Every time
they tried for a girl, they had another son.
Speaker 2 (28:09):
That was it.
Speaker 3 (28:10):
And all he's doing is because they're very sports oriented.
All they're doing is what running the roads twenty four
to seven, three sixty five. So it's unbelievable, but you
wouldn't have it any other way. I don't think so.
All right, Happy Father's Day. As long as we're talking
about gods and his inability to sleep at night, I
(28:35):
want to wish Happy Father's Day to all the dad's
out there. You know, the greatest gift that a wife
can give you, of course, is the beauty and the
grace and the love of a child. And you know,
it takes a while sometimes for you wrap your arms
around it. But you know, for some of you who
do not have children yet, it's a great day. For
(28:57):
those that do have children, you understand that it really
is a miracle from God. I heard Bob Lonsbury before
I driving in here today. He did the show before
this one, and he was talking about the beauty of
his family, and I feel the same way. We've been fortunate.
All my kids are healthy, they've all done well. They
don't listen as much as I'd like them to listen to,
(29:18):
you know, the great wealth of information that I have
for them. But if you got a dad, you're not
talking to him, stop, Get on the damn phone.
Speaker 2 (29:30):
Go to the house. You know, there's too.
Speaker 3 (29:32):
Many people out there that have made small things become
big things, and the dads that are out there. If
you're not talking to your kids, shame on you. Get
on the phone and talk to your kids. Okay, it's
the only one way, you know, there's no return to earth.
You know, we get one trip. Make sure that you're
maximizing it. And as I said, enjoy your datamorrow. It's
(29:52):
a very special day. And I know all the dads
out there that have children and grandchildren and it's just fun.
It's a great day. And I know that my kids
have got all sorts of gifts. Did you buy me
in the new car?
Speaker 2 (30:04):
Yeah? Yeah, get the car? Yep, toys. Rs. Bentley, I
gotta wish.
Speaker 3 (30:14):
I can always wish, right, But we're talking about this
amazing influx of retirees. Eleven four hundred Americans every day
turn the age of sixty five. It is the highest
on record, and it marks the opportunity for you as
(30:34):
an individual to basically apply some readiness, some investment ideas
to basically protect your future, not only for yourself but
also I know a lot of the guys and gals
that come in. One is the point person. One is
the individual that really focuses in on the investments. And
there is a sense of security that you get when
(30:56):
you basically build a portfolio that you cannot live And
I know it sounds corny. I had Chris McCarthy on today.
He's been doing it for forty three years or forty years.
I've been doing it for forty three I never had
one individual ever said to me that I wish I
never did an annuity. But you need to understand how
(31:16):
they fit into.
Speaker 2 (31:17):
Your overall plan.
Speaker 3 (31:18):
They are not, and I want to emphasize, suitable for
all your money. They're basically set up to build what
we call baseline income guaranteed income streams. And the likelihood
of you living twenty plus years in retirement today is very,
very very positive that that's going to happen. You know,
(31:39):
we're living longer lives healthcare, and you don't want to
be in a position where you're going to be worrying
about exhausting your retirement savings because the man upstairs is
giving you a longer life than what you expected.
Speaker 2 (31:51):
Agreed.
Speaker 4 (31:53):
Yeah, longevity risk is one of the main you know,
concerns on why people get or start looking at these
products is you know, if they're like, man, I don't
know how long I'm going to live. My parents live
till their ninety and with technology today, i could live
till ninety five, one hundred, who knows. But it's just
it opens another door of you know, this is available
(32:14):
out there if you want to learn about it. There
are options available to you that you can lock in
a self funded pension that you will not.
Speaker 2 (32:24):
Outlive, you know.
Speaker 4 (32:25):
And there's a lot of new writers and benefits and
different bells and whistles with all these products that we're
just learning about. So it'll be good to sit down
and have you know, the company itself come in and
speak to it.
Speaker 3 (32:39):
There's a new study that just came out and this
is you know, we've been researching this, folks for over
a year. Ninety seven percent of our business is actively managed.
We only have about three percent of our total portfolio
and annuity products, so this is not something that is
ninety seven three. It's just the opposite. We have a
(32:59):
very very small percentage of our assets that we manage
in these types of products. But when I see more
and more products that are coming across as far as
opportunities for us as financial advisors to allocate some of
our money into. One of the things that I always said,
I don't want to be locked into anything for an
extended period of time that I can't get out of,
(33:20):
and I want to make sure that there's a certain
guarantee benefit that's associated with it. Both of those exist today.
Both of those exist today in the products that are
currently out there. So you know the report that I
just read, it's called a License to Spend, and basically
what it does, it says that individuals that have allocated
(33:43):
a certain amount of money into guaranteed income significantly boost
retiree spending power and confidence. That's what I want. I
want the spending power and I want the confidence because
most of us are only going to go through retirement
one time, right right. Unless we have we get you know,
(34:05):
something happens that we come back again. What I'm saying
is that if I'm going into my retirement years, I
want to make sure not only do I have my
health insurance covered. I want to make sure that I
don't have the fear about living my savings. And I
want to make sure that I'm maximizing the power of
me to spend and the confidence to do it without
worrying about the money going away before I go away.
Speaker 4 (34:27):
Yeah. Yeah, And that's like the main thing. It's just
feeling comfortable with it. Like we were through the golf
league that we do on Thursdays. I was talking to
a couple of clients and that's, you know, the overwhelming
majority of what we hear is you know, it's a
comfort thing. And they said the same thing. You know,
when we sat down and you plug all the numbers
(34:48):
into E money, like the software system, it's up on
the board. You know, you have people looking at your
all your stuff, it's all in one place and they're
throwing all these numbers at you. As far as your
social security. If you have a pension, your pension, all
your investment investable assets, and you know a growth rate,
you know what the distribution is going to be off
(35:08):
of it inflation and then it spits out. You know,
a comfort spend level to you it it you know,
it's something that they say is you know, a sigh relief.
It's they can look at it and be like, oh wow, okay,
so retirement is, you know, doable. It's not something that
I have to really worry about if you're meeting your
(35:29):
baseline income needs and you have some extra money in
your pocket to go on a vacation or or do
these other things. So it's more of a it's a
comfort thing. So and flipping the switch to going from
saving and building your your wealth your entire life to
spending and taking distributions and you know, going on trips
(35:51):
and doing all these things that you've always wanted to
do in retirement.
Speaker 2 (35:54):
That's a tough, a tough task. Yeah, it is.
Speaker 3 (35:58):
The Other part of it is too, is that you know,
when we say the ability for you to basically create
your own personal pension benefit, you know about nine out
of ten of us today, the boomers.
Speaker 2 (36:10):
And Gen X.
Speaker 3 (36:12):
I think it's what's after the boomers is a gen
X no idea. I have no idea either, gen Z,
p Q, whatever the hell it is. You know, everybody
has this inability to basically get the gold Watch and
get the pension benefit and health healthcare. I mean more
and more of us are going to have to have
the personal responsibility the quality of life that we have
(36:33):
during our retirement years. Now, I just came back from
Ireland and I'm not someone just a wallflower, and I
asked people questions. I mean, I've met people from all
over Europe when I was in Ireland, and you know,
one of the biggest things in Europe is financial stability.
(36:54):
You know, the healthcare that they provide, the income that
they revive. Now, I know that some of these countries
have high taxes and they're you know, cost of living
might be a little bit more expensive then, but there
is a little bit of comfort to know that you know,
your savings is adequate enough in order for you to
basically have the confidence to go into retirement. And that's
(37:17):
what we're trying to achieve at the Retirement Planning Group
now in my forty three years at doing this. You know,
one of the biggest obstacles with annuities was you put
the money in and you lost it. There was a
high expense ratio. And the thing is is that you know,
you wanted to make sure that you had broad diversification
as far as the investment options, all the negatives have
(37:38):
now been turned to positives. You got broad diversification as
far as investments, you do have liquidity, and some of
these are less expensive than a fee based account with
low fee mutual funds and ets. So the insurance industry
is matched or has at least come to the plate
(37:59):
with opportunities for individuals such as myself and people that
are my age to basically take a portion of our
life savings, create income for both husband and wife, and
when we pass away, depending on the performance of the
investment portfolio, whatever's left in the pot is now going
to go to my children and my grandchildren. That's a
(38:21):
win win. I don't see how this is a negative
any way whatsoever.
Speaker 4 (38:24):
Yeah, I think what happened was the insurance companies with
all these annuities kind of listen to all the you know,
the crap that all these people were thrown at them
up saying, you know, these products are bad, this is
why high fees, no liquidity, you know, your money's getting
locked up for X amount of years, And they kind
of took all this stuff and rebranded their new products
(38:48):
to minimize as many of those boundaries for people to
getting into them as they possibly can. Because they do have,
like you know, not necessarily the greatest reputation as far
as I don't know why, but well.
Speaker 3 (39:02):
Uh, the reason why is that there were high fees,
there was ill liquidity, there was surrendered charges. Okay, but
everybody talks about them as if that's the apple that's
on the tree now today in the year twenty and
twenty five, and that's a bunch of you know what
we you step in. You know, it's just it's nonsense
they're talking about. It's a pinocchio. You know, it's a
(39:24):
marketing tool for them to basically say, is that you know,
you don't want to invest in these types of products. Now,
I'll tell you what, I wouldn't be talking about this
if I didn't think it was the right thing for
people to do. Ninety seven percent of our business is
not any type of annuity product. But you're invited. As
I said, we're going to have a free educational workshop.
(39:44):
We're going to have these at least two times a year,
and the name of it is protecting your Income during Retirement. Wednesday,
June twenty fifth, twenty twenty five. It's going to be
an informative educational workshop designed for you to look at
an investment option that will safeguard your financial future during
your retirement years. Sonuities pros and cons. Do they fit
(40:09):
into your retirement plan?
Speaker 2 (40:10):
Yes or no? Right? What's fact? What's fiction? Educational?
Speaker 3 (40:16):
You're gonna go through what we call living benefits of
annuities income strategies June twenty fifth, twenty twenty five, at
the Century House in Latham. Registration is at five thirty.
We're gonna have some picky foods, some tapas. Presentation will
start at six. You're gonna probably be out of there
no later than seven thirty. You know, we'll open it
(40:37):
up for question and answer. This is by reserving a seat.
You can't just walk in, okay, because we have to
have preparation for the amount of people. I can tell
you right now we're getting a substantial response for this,
So if you want to reserve your seat, you got
to call the office five to one eight five eight
zero one nine one nine five one eight five eight
(40:57):
zero one nine one nine. Check us out on the
web if you want to go to the web and
hit contact, that's rpgretire dot com or call us at
five one eight five e to zero one nine one nine.
I'm Dave Kopek. I'm here with Christopher Kopek. Will be
right back after this quick message the eighty six percenters.
Do you know that eighty six percent of the population
has no defined benefit pension plan. For most of us,
(41:20):
we have to take our life savings and create a
paycheck for the rest of our lives in retirement. What
is your plan for retirement income distribution? How you manage
your assets during the most critical years of your lifetime.
Nobel Prize winning economist William Sharp has called retirement income
distribution the nastiest, hardest problem in finance. He points out
that investment, uncertainty, and mortality can derail the most careful
(41:43):
laid out retirement income plan. Call our offices today to
start the process of building a retirement income distribution plan.
After forty one years of being in the financial services business,
you need to start taking action to start building your
own personal retirement income distribution plan.
Speaker 2 (41:58):
How do you do that?
Speaker 3 (41:59):
To take act five eight five eight zero one nine nine.
That's five one eight five eight zero one nine one
nine or RPG retire on the web. Don't procrastinate, motivate
to start building your retirement income distribution plan five one eight,
five eight, zero, one nine one nine Your partner for success.
David kopekair WG WISE Retirement Planning Specialists, the Retirement Planning Group.
(42:22):
We understand that retirees face many important decisions that can
affect their long term financial success. Some of these decisions
revolve around making investments that will help create a hedge
against outliving their assets the impact of inflation, taxation, and
rising healthcare costs. Most of our clients like the time,
the desire, or the experience to manage their own investment portfolios.
(42:46):
We consider it to be an honor and a privilege
to help our clients make sound investment decisions that will
contribute to a secure financial future for them. Because over
ninety percent of our clients are retirees with similar concerns,
we are in the best position to approach such challenges
with experience and skill. Give us a call today at
five one eight, five eight zero one nine one nine
(43:07):
five one eight five eight zero one nine one nine
or RPG Retire.
Speaker 2 (43:11):
On the web.
Speaker 3 (43:12):
We are living through the greatest wealth transfer in the
history of mankind. Trillions of dollars of wealth will change
hands from one generation to the next, your money for
our beloved children and grandchildren. Are you ready? Your future
is written by chance, it's written by action. Now's the
time to build your plan, protect your assets, and position
yourself for the opportunity. Don't wait, take action. The future
(43:34):
favors those that are prepared. Call eighty eight five eight
zero one nine one nine. That's eight eight eight five
eight zero one nine one nine. All right, I just
(44:16):
saw guys, you just grabbed his hat man out the door.
Speaker 6 (44:23):
I'm back, what happened? I'm sorry?
Speaker 3 (44:28):
Oh God, time does go by. You guys have no
idea who Slicestone is?
Speaker 2 (44:32):
You havennoying? Do you guys even know who the Beach
Boys are? Yeah? You know? You know that one? Yeah?
How about you guys? You know the Beach Boys?
Speaker 6 (44:39):
Brian Wilson passed away.
Speaker 3 (44:40):
Yes, you Syracuse guys, you can hit the head too
many times on Syracuse.
Speaker 2 (44:50):
Did you play football? I did? I did? Did you
play college? I did?
Speaker 6 (44:54):
I played out at a Hobart and uh, well that's Geneva.
Speaker 2 (44:57):
Doesn't Hobart that Division six.
Speaker 6 (45:04):
Somewhere between three and inner Merril.
Speaker 2 (45:09):
Would you play a position?
Speaker 6 (45:11):
I came in as a defensive end and then I
got moved offensive line.
Speaker 2 (45:14):
Did you. Yeah? Is that when you lost your hair?
Speaker 6 (45:19):
Awt some hairs shoulder?
Speaker 3 (45:21):
Isn't it great to be an athlete? You know you
walk around. My ankle was so bad from playing college
basketball and you know, playing hoop. When I got out
of college, I just walked down the street. My ankle
would give out on me because it was so stretched.
So I had to give it up. But I still
kicked my kids butts when I played them in basketball.
They still cry. Think about it.
Speaker 6 (45:41):
Come on, is that true?
Speaker 4 (45:42):
That's just not true at all. That may be the
furthest thing from the truth.
Speaker 2 (45:48):
Who hit the J? The last time? I was? Who
hit the J? Who hit the J at the top
of the key?
Speaker 4 (45:56):
This famous story that you keep bringing up. Yeah, I
was one. I was on your team. We won, but
now we didn't.
Speaker 2 (46:02):
Who hit the hot?
Speaker 4 (46:04):
It was the only shot you made of the game.
Speaker 2 (46:06):
I made it, though it was I made it to win.
You shot one for twelve.
Speaker 4 (46:10):
I made Uh. But yeah, no, that was a it's
a fifteen year old story.
Speaker 2 (46:17):
You answered this, He answered the question. I just asked.
Speaker 3 (46:19):
You don't have to give any more content. Who made
the shot? Say it again? You didn't make the shot.
Speaker 2 (46:26):
Stop. That's all you got to say. You made the shot.
That's all I gotta hear. You made the shot, that's
all I gotta hear. The shooting percentage was.
Speaker 6 (46:34):
Yeah, all right, that's not figure.
Speaker 3 (46:36):
You didn't have a three point line back right right, Okay,
here's the question that you might know.
Speaker 2 (46:47):
Guys.
Speaker 3 (46:47):
He's your sports guy, Pete Marriviage, pistol Pete Marriviage. If
he had the three point his whole career, that's a
basket player. Would he have been the greatest scorer in
the history of the college game?
Speaker 2 (47:04):
Yes, I agree, college or NBA?
Speaker 3 (47:09):
Probably both? Yeah, yeah, pistol. P could shoot it from anywhere.
He could be sitting in the stands eating the sandwich,
and he could put the ball in the whole more
so than Steph Curry. Absolutely might it might Maybe that's
my humble opinion. You think so, guys, he could dribble better.
Oh bye, guys, Steph Curry and p merripags. That'd be
(47:29):
an awesome matchup.
Speaker 6 (47:31):
Yeah, that'd be great.
Speaker 2 (47:33):
Who's the next Steph Curry in the NBA? Right now?
Speaker 4 (47:36):
I don't even know if there is one.
Speaker 2 (47:38):
Oh God, who's that kid? That's playing for ok C.
That's unbelievable. Shay, the one that he's got, He's he's
the real deal. He's good. It's why they're in the chip.
Speaker 3 (47:48):
Yeah, Yeah, they're good. All Right, we're talking about annuities.
We're going to have a workshop.
Speaker 2 (47:55):
Uh.
Speaker 3 (47:56):
One of the things that we've talked about is that
our generation and the boomer generation has made significant changes
to the investment advisory business and the investment banking firms
and also the insurance form firms have provided us financial
advisors with what we call an investment advisory fee based business.
(48:22):
That's what an ORIA is, registered investment advisor. That's what
we are at the Retirement Planning Group. We are a
fee based professional organization. And what has happened the insurance
industry has designed products in order to facilitate our desire,
our needs for their products under a fee based platform.
So if you're looking to create a pension benefit, if
(48:46):
you're looking to do wealth replacement for a surviving spouse,
if you're looking to set up a pension benefit for
yourself and your loved ones, if you're looking to design
a pension benefit for a starving artist child, you should
attend this workshop, and again it's June twenty fifth. It's
going to be held at the Century House. Registrations at
(49:09):
five point thirty, presentations at six. Reserve your seat today.
There's limited seeding available five eight five eat zero one
nine one nine. That's five win eight five eat zero
one nine one nine. Trust me, you will not be
disappointed by attending this workshop. I think it's powerful, it's amazing,
(49:29):
and you're going to find out that a lot of
these Pinocchio content that is being marketed out there, how
wonderful or horrible whatever however they want to present it.
You're going to find out if this is something that
is actually suitable for you and what you're trying to
achieve during your retirement years.
Speaker 4 (49:50):
So yeah, the money too in these products. Just to
touch on, it's still invested. You know, you still have
a list of positions and mutual funds that you can
invest the money in in like an underlying account, and
it's they're pretty complicated, but to just give like a
brief overview, the money will be invested in the market
(50:10):
and there's potential to get what they call a step
up and lock in a higher income income. You know,
as far as that pension amount. So a lot of
people say, like, what's the you know, inflation. Is it
a locked in yearly amount that I'm going to be
collecting for the rest of my life. You know, if
ten years, twenty years down the line, that's not going
to mean that much because of inflation. With the underlying investments,
(50:34):
you know, you can invest the money in outpace inflation,
you know, with these step ups. So that's that's another benefit.
You know, your your annual amount can increase.
Speaker 3 (50:49):
Which is important because it's no different than Social Security.
Social Security is based off of what inflation and then
you get a cost of living adjustment a COLA. You
can get that with this type of product too. You
can design them specifically so you automatically get a cola. So,
as I said, our job as financial advisors is to
be open to every idea and concept that's out there
(51:13):
and basically inform you, a prospective client or an individual
that's working through the retirement planning group, if this is
something that should be utilized during your pre and post
retirement years. So again, if you want to attend five
eight five eads zero one nine one nine, that's our
office telephone number. You can leave a message stay if
you want to give you a call on Monday to
(51:35):
reserve your seat five one eight five eads zero one
nine one nine to say hey, listen, we want to
come in and hear what you guys have to talk
about as far as creating our own pension benefit. How
much time we got gods thirty seconds? Yeah, so you
want to highlight anything, Chris before we say goodbye.
Speaker 4 (51:53):
No, I think we did a good job at, you know,
overviewing the product itself. If people are interested, make sure
you shoot us a call because it is limited seating
and it can be very beneficial.
Speaker 2 (52:06):
And then we'll have guys there. He's going to be
showing
Speaker 6 (52:09):
Us thank you for listening to the
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