Road to Retirement 03-15-2025

Episode Transcript

Speaker 1 (00:00):
Mutual funds used to be a beautiful concept. Any investor
could invest and gain access to professional portfolio management. Times
have changed. Maybe your investment habits should too. Whether you're retired,
approaching retirement, or haven't even thought about it, now is
the time to get protection from market volatility and excessive

(00:20):
fee structure called Trip Limehouse with Limehouse Financial at eight
hundred nine four zero six nine seven nine, or text
Trip that's tripp to eight hundred nine four zero six
nine seven nine. Again, you can call or text Trip
at eight hundred nine four zero six y nine seven nine.

Speaker 2 (00:43):
Information provided is for illustrated purposes only and does not
constitute investment, tax or legal advice. Information has been obtained
from sources that are deemed to be reliable, but their
accuracy and completeness cannot be guaranteed. Neither Trip Limehouse nor
his guests are liable for the usage of information discussed.
Always consultable the qualified investment, legal or tax professional before
taking any action.

Speaker 3 (01:02):
Hey, welcome into the Road to retirement with Trip Limehouse.

Speaker 4 (01:04):
MI name is Steve so all In.

Speaker 3 (01:05):
On today's show, we are breaking down five major economic
headlines and more importantly, what you can do to protect
your financial future.

Speaker 4 (01:13):
And from there we're.

Speaker 3 (01:14):
Gonna dig into well a whole lot more about saving
and getting to retirement with a guy who knows how
to help get us there.

Speaker 4 (01:23):
That's Trip lime House.

Speaker 5 (01:24):
Trip.

Speaker 4 (01:24):
What do you think?

Speaker 6 (01:25):
Good morning, Good morning. That's what we're doing. We're getting
people to and through retirement, having fun, helping people. That's
our mission. Stay tuned, folks, We've got another great episode
of the Road to Retirement show coming up.

Speaker 2 (01:40):
Do you want to avoid taking a wrong turn on
your retirement road.

Speaker 6 (01:45):
The road to retirement is a long one and you
just don't want to make wrong head wrong.

Speaker 2 (01:49):
Well, buckle up. We're getting ready to take a retirement
road trip together. It's the road to retirement with Trip Limehouse.

Speaker 6 (01:58):
It's the perfect amount to map it. That road to
retirement is key, is key.

Speaker 2 (02:03):
To get on the road to financial security and independence.
Just like many of Trip's happy clients in retirement.

Speaker 6 (02:09):
Partners, my money is safe using the green line principle
that you taught me about. Thank you so much.

Speaker 2 (02:16):
Let's get this trip started. It's the road to retirement
with Trip Limehouse.

Speaker 3 (02:24):
Welcome in. This is the road to retirement with Trip Limehouse.
Trip is the guy behind the green line principle, and
he has been helping folks for more than twenty years.
Wonder what the green line principle is. Stick around trip
will tell you what it is and how important it
is and how important a part of the retirement plan,
retirement and income plant it can be for you. Hi, trip,
you know this is another good one. You've planned a

(02:46):
nice road trip again.

Speaker 4 (02:47):
I like it.

Speaker 6 (02:49):
Yeah, we are cruising down the road to retirement and
it's nice out spring the f one too long ago.
You know, we always talk about having the windows down
and we're like, no, we're we got them up and
we got the heat on and still kind of the heat.
It's I don't know, back back and forth with what's
going on. It's gonna be hot cold today. But I
think we'll start normalizing soon and getting more of that

(03:11):
spring like weather, the warmer weather. I love spring. How
about you? Yeah?

Speaker 4 (03:16):
Oh me too, favorite time.

Speaker 6 (03:17):
Yeah, So okay, it's hard to believe though we're this
far end of the year. It's time is moving faster.
It seems that when I was young, my grandmother always said, oh,
you know, you're gonna see as you get older, time
goes faster and I was like, what are you talking about?
And then now, you know, at fifty one, I'm like, yeah,
she was right. I mean it's still still time is

(03:38):
the same, but it just seems to move by a
little quicker. Maybe surely, I'm sure everybody can relate to that.
You know what, you know what else can move by
quick is is the opportunity that people can have to
plan for a healthy retirement. And and we don't want
people to miss out on that, and that's why we're
here for you, folks. Eight one hundred and nine four

(04:01):
zero six nine seven nine limehouse financial dot com. So
a lot of headlines recently, latest financial news, and some
of this stuff really could affect or impact your retirement.
We wanted to go over some major economic headlines and

(04:21):
just kind of dive into how they could impact retirees
or pre retirees. The first one on our list is
a hot topic lately, and it's you know, escalating trade
tensions as our country imposes new tariffs or sometimes at
times says hey, we're gonna put a tariff and then

(04:45):
puts it on pause and then says we're gonna do it,
and then you know it's like, who's on first, right, Yeah,
who's on first? Right? So?

Speaker 3 (04:52):
But BottomLine, trip, but why do we need to be
concerned about it? Or do we need to be concerned
about it? I mean it certainly happened before.

Speaker 6 (04:59):
The tariffs is have been around, I mean years and
years and years, I mean longer than I've been alive.
I think probably from the beginning of our country. You know,
tariffs have been around. But I mean now with you know,
the proposed or I honestly have a hard time following
what is happening with with the tariffs. But the proposed

(05:22):
or the implemented twenty five percent tariffs on imports from
Canada and Mexico and with increased tarffs on Chinese goods
to twenty percent, I think what's happening is it's just
sparking some fears of you know, a global trade war.
And the impact on people who are about to retire

(05:42):
or are retired is that the bottom line, you know,
tariffs can lead to higher prices on everyday goods, sure,
and and and so who does this really affect the most?
People who are on fixed incomes and for retirees, that's
really kind of where you end up on a fixed income,

(06:03):
you know, you're you're you're there, You've arrived, You've you've
been awaiting this destination, and some of you may be
about to get there, you know. I mean what we do,
I I love because we're helping people who are you
know there, who who are already retired. We're also helping
people who are about to retire. Maybe they're you know,

(06:25):
three months out, maybe they're two years out. You know.
But planning is so so key, and we have to
take into consideration things that we cannot control, such as
what we're talking about right now, tariffs. Market volatility comes
into the picture as well, because the fluctuations that can
occur within you know, retirement accounts is vast and that

(06:46):
fluctuation could be positive or could be negative.

Speaker 3 (06:49):
But it's definitely well, let me ask you this, so
as we as the market does what it does.

Speaker 4 (06:55):
The beauty of working with.

Speaker 3 (06:56):
You and and really the beauty of the green line
principle is that we can still have money in the market,
and we have money that's safe. So that's the and
again so that we don't have to worry about what
the tariffs are going to do.

Speaker 6 (07:09):
Yeah, that's that's absolutely correct. And the beautiful part about
the green Line principle is that your money is not
going to be subject to the market. You can still
have a great rate of return, you know, I mean
we we work with folks and they've had you know,

(07:30):
high single digit turn double digit returns worst cases zero.
As your hero, you cannot go backwards, can't lose any money.
The green line principle, which I trademarked, is very important
for folks out there to learn about and to implement
as part of their plan because when the market is
not doing well, which you know that's going to happen,

(07:52):
then you're still safe and secure, and quite frankly, preserving
and protecting what you've worked so hard for. Now is
probably more important than ever before, in particular with other
things going on that we cannot control, such as we've
been talking about tariffs, et cetera. So folks check out
Greenlineprinciple dot com Greenlineprinciple dot com to learn more about

(08:17):
a safe money strategy that keeps you independent and in
control during retirement. So as far as what you can
do about you know, this headline of you know, tariffs
being imposed and whatnot, folks, I want you to reassess
your budget. You know, tak into account cost increases in
groceries and essentials. We're seeing it continue to happen and

(08:38):
then probably it's going to stay that way for a while.
I also want you to make sure you maintain a
diversified portfolio. We want you to reduce risk from market swings,
and you know that's where our investment advisor, Jonathan O'Reilly
comes in. Jonathan is just fantastic at partnering a person
with a portfolio that's going to help them accomplish their

(09:00):
You know, do you really know what's in your portfolio, folks?
Most people we find don't ask us about the portfolio
observation report. We'll help you understand if you have the
right you know, holdings within your investment accounts. So we
professionally manage money here at Limehouse Financial. So you know,

(09:21):
there are action steps that you can take despite what's
happening out there, such as Tariff's. One of the action
steps that you can take right now, folks, is for
the next ten callers in the next ten minutes, we're
going to offer you a written plan for retirement built
by our team of certified financial professionals, at no cost
or obligation to you. Just to reiterate, this is not

(09:42):
something that you can just call and ask for to
be mailed or sent to you. You must come in
and go through a process to receive this no cost,
no obligation, written plan for retirement just for you. Next
ten callers in the next ten minutes.

Speaker 3 (09:56):
Sounds fantastic, Trip, don't miss this opportunity to come on in,
sit and get that roadmap put together once and for all,
no cost, no obligation, and you'll get a better handle
on your entire financial situation. You'll find out things like
what your investments are really costing you because of fees,
are commissions, Just exactly what Trip talked about a moment ago.
Eight hundred ninety four zero six nine seven nine. That's

(10:17):
eight hundred nine four zero sixty nine seventy nine. Give
us a call right now, take advantage of the opportunity
to sit down with Trip. In the meantime, we will
take a quick break, come right back and continue our
conversation right here on the Road to retirement with Trip Limehouse.

Speaker 6 (10:29):
Continuing on, we're breaking down major economic headlines, talking about
what you can do to protect your financial future. Coming
up next.

Speaker 7 (10:43):
Do you ever feel like you are fighting for financial knowledge.
Don't let that advice be a punch in the gut
to your retirement. Take advantage of a complimentary and no cost,
no obligation consultation with a local, trusted financial coach. Call
Trip Limehouse at eight hundred and nine four zero zero
six nine seven nine, or text Trip to ri ipp

(11:03):
to eight hundred and nine four zero six nine seven nine.
That's eight hundred and nine four zero six nine seven nine,
or text Trip to eight hundred and ninety four zero
six nine seven nine.

Speaker 3 (11:17):
Welcome back to the road to retirement with Trip lime House.

Speaker 4 (11:19):
I'm Steve so Oh.

Speaker 3 (11:20):
Trip is the guy behind the green line principle. We
talked about that of just a few moments ago. And again, Trip,
you've been helping folks for a long time, and these
are some headlines that I'm sure over the years we've
seen something similar. And so my question becomes, if we're
seeing what we're seeing now, if you've dealt with it
in the past, I mean, obviously we can. There are

(11:41):
ways and strategies to face things head on, like like
stock market volatility.

Speaker 4 (11:46):
Stock market's always been volatile.

Speaker 6 (11:48):
Oh yeah, that doesn't change. It's gonna you know, go up,
go down, go sideways. And you know, we did just
finish up on the first segment talking about tariffs and
how they can impact pre retirees and retirees and what
you can do about it. And now we're moving on
to talk about another headline, and that one would be

(12:10):
that the dal Jones industrial average fell eight hundred points
as new tariffs raised concerns about a potential trade war.
So this definitely has an impact on everyone, but in
particular pre retirees and retirees because you know, at the
end of the day, market downturns can reduce the value

(12:34):
of accounts that people have. And one point I'd like
to make to our listeners right now, folks, is this,
you know you maybe you do have a plan, and
that's great, and by the way, if you do have
a plan, we would offer you a second opinion on
it at no cost, no obligation. Eight hundred nine four

(12:55):
zero six nine seventy nine is our number Limehouse Financial Dot.
But in general, what we see is people don't have
a plan. They just have an account, okay, And you know,
when you have your money and just an account, there's
there's less that can happen that would be beneficial for

(13:18):
you long term. So I want to distinguish the difference
between an account and a plan. An account, it's just
a place where money is located. It's very important. But
the sooner that you turn it into a plan, the
better off you're going to be long term, and retirement
is a long term journey. Talking about market downturns is

(13:38):
I mean, it's not a pleasant conversation. So we need
to really structure plans that are going to take into
account market fluctuations. You know, here's one thing we've seen, Steve,
is people have come to us and they have done
what we would call panic selling.

Speaker 4 (13:58):
That's a big selling, I.

Speaker 3 (14:00):
Mean, and it's human nature, right when when all of
a sudden things start going crazy and it looks like
we're losing money, Well let's get out of it, right,
But that's when we shouldn't That's exactly what we shouldn't do.

Speaker 6 (14:11):
Yeah, that's right, Well what does that do It It
could potentially lock in losses instead of allowing a portfolio
time to recover. And quite frankly, that's that's the second
greatest risk that people face during retirement is recovery risk.

(14:31):
And that's when you lose money, how long does it
take to get it back? Most of the people that
we're seeing these days, Steve when will ask them, hey,
when you know, I mean the money that you have saved, now,
would you like to keep most of it or all
of it? And in general people were saying, yeah, I'd

(14:51):
like to keep it. And the reason for that is that, folks,
you're you're closer to retirement now than you were, you know,
two years ago, five years ago, ten years ago. And
imagine a significant market downturn right as you're about to
go into retirement. That that just doesn't nothing about that

(15:12):
sounds good at all. I mean quite frankly, you know,
we we've seen people who you know, they in the
past we're going to retire you know, earlier, but were
not able to because of what happened in the market.
You know, just derailed them. If you will it really,
the folks, if you're relying on the market to determine

(15:35):
your direction on the road retirement, then you're you're just
you're going down the wrong road. We need to build
a plan that has a safe money strategy. And uh,
you know that's the green line principle that we talk
about all the time where zero is your hero. You
cannot go backwards. You preserve and protect what you've worked
so hard for. You have a lot of upside potential.

(15:57):
We can create lifetime income that's you know, going to
be around as long as you are or you and
your spouse are. Visit green line Principle dot com to
learn more Greenlineprinciple dot com to learn more. We have
to do it all in a smart way in the
form of a plan for you that's going to get
you there and keep you there. So what can you

(16:18):
do about this potential? You know, market downturns, market volatility,
Well just again, stay calm, stay down. Yeah, avoid emotional.

Speaker 4 (16:29):
Investor, Well yeah, I mean that's where you come in.
You are you are the voice of reason.

Speaker 3 (16:33):
You're a independent fiduciary advisory firm and you take the
I mean, you know, you take the emotion out of
it and guide us through to help get us on
the other side.

Speaker 6 (16:42):
You know, we shared with our clients all the time
that we may call you and say, hey, we're recommending
a change on your portfolio, or you may call us
and you may say I want to change my portfolio.
But people who work with an expert like myself, an
expert like Jonathan O'Reilly, my investment advisor. They just do
better during retirement. They do better during retirement because they

(17:05):
avoid the mistake of something like being an emotional investor.
Here's the thing about it is, market fluctuations are normal,
but long term investing, it's just going to allow you
the opportunity to recover losses. So we want capital appreciation
over a long period of time. We want to outpace inflation.
Having money at risk isn't important, and that's why we

(17:26):
professionally manage money. That's also why we diversify. We make
sure that our clients have balanced portfolios, you know, with
a bunch of different things in those portfolios that are
going to help folks accomplish their goal. I mean, you know,
these dividend paying portfolios, they work well. You know, conservative
portfolios work well. You know, I think that at the

(17:48):
end of the day, we work well, We work well
with you, and we appreciate that opportunity to do just that. Folks.
Check out limehousefinancial dot com for upcoming events. We've got
some coming up in April social security and income planning workshops.
If you're new to the show, welcome in as well,
and folks, make sure you tune into the Road Retirement

(18:10):
TV show. We're on during the weekend Saturday morning six
thirty am, WIS Channel ten, Sunday morning channel twenty five
at eleven thirty am, The Road to Retirement TV Show.
We want to get information to you and as best
as we can, and our TV show is one of
the ways we do that. Another way that we help

(18:31):
you is by offering you something very special, a written
plan for retirement. And this is an offer for the
next ten callers in the next ten minutes. A written
plan for retirement, individualized and customize just for you, no cost,
no obligation. You must come in to receive this because
it is individualized and customized. We won't just mail it

(18:54):
to you or email it to you. Eight hundred and
nine four zero six nine seventy nine complimentary, no cost obligation,
written planned for retirement for the next ten callers in
the next ten minutes.

Speaker 3 (19:05):
Eight hundred nine four zero sixty nine seven nine eight
hundred nine four zero sixty nine seventy nine.

Speaker 4 (19:11):
A quick break for us.

Speaker 3 (19:12):
We are going to come back continue our conversation here
on the Road to Retirement.

Speaker 6 (19:15):
It's all over the news, major economic headlines. You're thinking
about them, and you're thinking about how is all this
stuff going to impact me moving forward in retirement. We're
talking about that and a whole lot more. Continuing on
with the Road to Retirement show coming up next.

Speaker 5 (19:38):
If you remember these TV shows, you're getting ready to retire.

Speaker 3 (19:42):
And everybody see a big pair of feet there, cheesy mustache.

Speaker 6 (19:45):
I'll think of you, you guts well, I.

Speaker 5 (19:49):
Hate I'm one guy who ain't prejudiced against anybody who
maybe lestship than me. It kind of sneaks up on you,
doesn't it.

Speaker 6 (19:59):
Oh geez.

Speaker 5 (20:00):
You deserve a secure, independent retirement, our retirement that is
prepared to handle pitfalls like inflation, health emergencies, stock market volatility,
and taxation. You've worked hard for your money and will
work just as hard to protect it and grow it.

(20:20):
Retirement planning doesn't have to be difficult. Get the facts
based approach that you deserve all at no cost, with
no obligation. Call the Road to Retirements Trip Limehouse eight
hundred nine four zero sixty nine seventy nine or text
trip to eight hundred nine four zero six nine seventy nine.

Speaker 3 (20:44):
We're back on the road. To retirement, having a nice
drive today with Trip Limehouse who was always guiding us aloon.
Guiding us into retirement is what Trip does and what
he's been doing for a couple of decades. And again
that's all part of Limehousefinancial dot com. Limehousefinancial dot com.
Check out the website. You can reach out the Trip
right there if you like, and to meet the rest
of the team.

Speaker 6 (21:04):
Absolutely, and also you can come on into our office folks.
You can hop on our calendar, meet us in person
here at the office. It's always no cost, no obligation,
and we appreciate you doing just that. I find that
sometimes the most challenging thing for people to do is
to actually pick up the phone or hop on the
web and schedule with us. But for those of you

(21:27):
that do, you certainly will not regret it. As a
matter of fact, you can check us out on Google
reviews and hear what other people have said about coming in.
Even people that didn't become a client, they just said
that it was so valuable that they came in and
they were very comfortable and they were glad that they
took the time to do it. So we are having

(21:48):
fun helping people and you know, it's something we always
hear about headlines. It's radio TV, just an ongoing thing
kind of in our face. It seems like a lot
of negative stuff as always out there, but I think
it's important for us to stay abreast of what is happening.
So far on the show today, we've talked about, you know,

(22:09):
trade tensions and tariffs, and we've talked about the dal Jones,
you know, falling eight hundred points and how this is
affecting retirees and what they can do about it. You know,
another headline is a global economic slow down and as
a result of that, growth forecasts have been lowered. So

(22:31):
you know, global markets are experiencing downturns amid escalating trade
wars and diplomatic conflicts, and that does lead to lowered
economic growth forecast and that is concerning for those of
you that are right about to exit on the road
retirement or who are already there. What kind of an
impact does this have on you? Well, you know, I mean,

(22:52):
it kind of makes sense, but let's just keep it
plain and simple. A slowing economy could lead to lower
interest rates and that could affect savings accounts and bond
yields As a result, of that, businesses may struggle and
that's potentially going to impact the stock market and returns

(23:14):
and pension funds, the stability of pension funds. So these
are just real things that are happening out there. What
we want to teach you guys to do is really
focus on controlling the controllables, okay, because I mean, if
there's tariffs in place, we can't control that. If market
volatility is occurring, we can't control that. So what can

(23:37):
we control. Well, we can control things like longevity risk.
We can make sure that we don't run out of money.
We have to recognize that it's out there and we
have to do something about it. We can help you
eliminate longevity risk, folks. We can help you eliminate the
possibility of you ever outliving your money. Visit getsafe income

(23:58):
dot com to learn more about how you can never
outlive your money. Get safe income dot com. We also
can put into into play safe money strategies. We've talked
about it, you know, on the show today in the
first two segments. I'm going to bring it up again
right now, the green line principle. That's a safe money
strategy where zero is your hero, No downside, a lot

(24:22):
of upside potential, and when things are going bad, you're
going to be very happy that you have this as
a part of your overall plan. You can visit green
Line Principle dot com to learn more. A safe money
strategy something everyone needs. So, you know, regarding you know,

(24:42):
market downturns and trade wars and things like that. What
can you do, folks, Well, just increase your emergency funds,
so your liquid position. I want you to cover at
least six to twelve months of expenses in case of
continued economic on certainty, we recommend all of our clients

(25:03):
have you know, that buffer if you will, just sitting there,
you know, even for even if I mean a lot
of our clients, Steve, you know, I mean their desired
income is six figures during retirement. Just because they're retired,
doesn't mean they want to go down to living on
you know, twenty or thirty thousand dollars a year, of course,
you know, I mean we're working with a lot of
high network people, you know, seven figures in their retirement accounts,

(25:26):
and they have a high standard of living, if you will,
So even for people that have a high standard of living,
if it costs them one hundred grand a year to live.
We're saying, well, then you should probably have one hundred
grand just kind of sitting there on the sidelines, just
as a buffer, you know, and then the rest of
your money, let's work with do some long term planning
with so folks, you could also shift some of your

(25:47):
assets to stable investments, you know, things like treasury bonds.
They can work well for you, CDs as on a
short term basis, or even a money market account to
ensure financial security. Although those rates are transitory, so we
don't want to rely on them long term.

Speaker 8 (26:06):
More.

Speaker 6 (26:07):
Those are more short term you know planning strategies or instruments,
if you will. Another thing is I'm thinking about people
who sometimes just withdraw a lot from their retirement account, Steve.
That happens people just aren't don't really think about how
how uh these you know things are going to impact
them long term, and they just take a whole lot

(26:28):
of money out of of of their accounts. That's that's
not a good thing.

Speaker 3 (26:32):
No, well, I mean again, that's why working with an advisor,
you know, like you independent produciary advisors that can help
get us on the right budget and understand how we can. Yes,
we can spend what we what we have, but we've
always got money that's making money out there.

Speaker 6 (26:47):
Well, let's let's make sure that folks have an income
and a distribution plan. Okay. In general people are not
aware of what that is and and the importance of it.
But folks, an income and a distribution plan is going
to show you where to take money from, when to
take it, how much to take and how long it
can last. Okay, we just we want to delay major

(27:10):
withdrawals from these retirement accounts if possible. And you know,
I think that people really need to just have that
four letter word. We talk about the plan, the PLA n'.
It's paramount to get you there and keep you there.
And I want to offer it again to the next
ten callers in the next ten minutes. What we're talking
about is how you can move towards retirement, be independent

(27:34):
and in control, have a successful retirement. And this is
your opportunity to ensure that happens. Okay, the next ten
callers in the next ten minutes are going to receive
a written plan for retirement built by our team O
certified financial professionals, no cost, no obligation, This is individualized
and customized just for you. You must come in and

(27:55):
go through a process to receive this. This is not
something that we will just simply email or mail to
you or send out to you. A no cost, no obligation,
written plan for retirement, built just for you. Eight hundred
nine four zero six nine seven nine. Next ten callers
in the next ten minutes, it's yours.

Speaker 3 (28:13):
Eight hundred nine four zero six nine seven nine, eight
hundred ninety four zero six nine seven nine, eight hundred
nine four zero sixty nine seventy nine. Another quick break
for us. But we have got much more coming up
on the road to retirement with trip Limehouse.

Speaker 6 (28:27):
Forty years ago, this summer big event happened live aid.
I'm sure most of you out they remember that. Back then,
you probably were singing every breath you take, and the
last thing you were thinking about was retirement, let alone
medicare or social security. Hey, take a deep breath and
let's plunge into the twenty twenty five retirement and do

(28:52):
it in style. Coming up next on the road your
retirement show.

Speaker 2 (29:01):
This is such a blow to invest do it right now.

Speaker 3 (29:04):
Bring with you one fall open metode.

Speaker 9 (29:08):
It takes courage to face up to things like volatile
markets and Wall Street money traps. If you're unsure, worried,
or losing sleep about your money, do something about it.
Call Trip Limehouse, host of Road to Retirement eight hundred
nine four zero six nine seven nine, or text Trip
Tripp to eight hundred nine four zero sixty nine seven nine.
We've made it easy for you to take advantage of

(29:30):
this fantastic offer. All you have to do is call
her text Trip to eight hundred nine four zero six
nine seven nine.

Speaker 8 (29:37):
Hurricanes, tornadoes and fire, these are serious situations we plan
in advance for. The Volatility of the market can be
just as devastating when a market correction does occur. There
are strategies you can employ to balance back. Call Trip
Limehouse and his team at Limehouse Financial Today in eight
hundred nine four zero sixty nine seventy nine, or t

(30:00):
the keyword Trip to eight hundred nine four zero sixty
nine seventy nine.

Speaker 5 (30:05):
We've made it.

Speaker 1 (30:05):
Easy, folks.

Speaker 8 (30:06):
All you have to do is call or text the
keyword Trip to eight hundred nine four zero six nine
seven nine.

Speaker 4 (30:16):
Hey, welcome back.

Speaker 3 (30:17):
This is the road to retirement with Trip Limehouse. Step
cruise along, didday trip, guiding us of course, coaching.

Speaker 4 (30:23):
Us up every step of the way.

Speaker 3 (30:24):
Is he is wont to do he and of course
is Jonathan O'Reilly, who is your investment advisor and a
great guy.

Speaker 4 (30:33):
We need to have him back on the show.

Speaker 6 (30:34):
Trip we do. We had a lot of compliments when
he was on.

Speaker 8 (30:37):
You know.

Speaker 6 (30:37):
The thing is, he's just staying so busy seeing people,
and I'm staying so busy, you know, on the air
both here you know and on TV and doing live events,
so only so many hours ago around, you know, for
work wise. But we'll get him back on one of
these days, you know.

Speaker 4 (30:56):
Right, fair enough.

Speaker 3 (30:57):
Well some days you're gonna go on vacation at some point,
trip and uh, and Jonathan will step in for you.

Speaker 6 (31:02):
That's right. He always steps in for me. So thankful
for that guy. And he is my future son in law.
By the way, I don't know if a lot of
our audience might not know that, but yeah, he asked Alison,
my mental daughter, to marry him, and that happened in November,
and we're very excited, very excited to have an addition

(31:25):
to our family coming up. As a matter of fact,
it's about one year out and they'll that'll happen. So
but just a great guy. You know, remember when he
finished college, he said, hey, would you, you know, consider
me coming to work with you? And I said, yeah,
let's give it a whirl. And here we are now
five years later. But super guy that that that Jonathan.

(31:48):
O'Reilly very thankful for him. And so think about this, folks.
In nineteen eighty five, what were you doing? You know,
where were you what were you doing?

Speaker 3 (31:59):
I was teaching broadcasting in Minneapolis, actually, but I remember
this because I was still am a big Queen fan
and so in Live Aid when when Freddie Mercury and
Queen came out and did Radio Gaga, just yeah, that
was that.

Speaker 6 (32:15):
Was amazing, madness, madness. It's good stuff though, yeah it was.
I mean in nineteen eighty five, you folks, you were younger,
you were care free, and you know, even if you
weren't into music, you probably were aware of the Live
Aid concert and and at that point, you know, you
were just probably convinced that the world was full of possibilities,

(32:40):
which it is, that's for sure. But now forty years later, yeah,
you know.

Speaker 3 (32:46):
All of a sudden, here you are RW Yeah, and
you are not quite as a spry as they once were.

Speaker 6 (32:52):
Yeah, I know, I know that, folks. You're still full
of life, but you just have a new set of responsibilities.
In the bottom line is we got a what you've built,
your savings, your health, your loved ones. And so we
thought it'd be kind of fun to go back and
I don't know, do a little journey to nineteen eighty

(33:12):
five and kind of explore how we can, if you will,
keep the music playing in retirement without missing a beat.
And by the way, this is pretty pretty interesting. Forty
of the world's population can see that live broadcast beamed
around the globe via satellite from JFK from the JFK

(33:34):
Stadium in Philly, in London's Wimbley Stadium, So pretty pretty
amazing back then, it comes so far now with you know,
streaming and this and that. But I mean, forty years ago,
some massive satellites beaming all over. But so how about this,
let's kind of tie it into music, which I love.

(33:57):
The soundtrack of of your Youth? How about that, folks,
we'll call the soundtrack of your Youth? And yeah, yeah,
for sure, and it and and it might have consisted
of something like this. It went from anything like care
free spending to careful planning, right.

Speaker 4 (34:15):
It's kind of kind of that's the contrast.

Speaker 6 (34:17):
And run the whole run the whole gamut. You know.
When I'm saying that, I think about artists who were
still you know, playing today and like music that they've
wrote thirty five, forty years ago and the music that
they wrote today or recently, you know, I mean, it's
still the same artists, but there it's just different. They're

(34:38):
still you know, using the same instruments, but they're just there.
Maybe they're doing it differently and it's sounding better or
just a different tune. I don't know. You know, there's
the people that actually went to that concert live a
they you know, they spend a lot of money on
on that concert, maybe you know, to get there, to
be there to experience it. But today I think that

(35:01):
the thing is, folks, you just had to be as
intentional with your retirement income as you were maybe in
the past with something like going to a concert or
experiencing you know, something along those lines. And so that
that leads me to this, we really need to do something.
Imagine this like budgeting for fun in retirement.

Speaker 9 (35:26):
We call it a life style important so important trip, Yeah,
budget for fun.

Speaker 6 (35:32):
We don't wanna we don't wanna omit that, you know.
I mean, life is more than just you know, hey,
I'm gonna not work anymore and sit on the couch.
I mean, I don't know. For some people that might
be what they want to do, and that's okay, but
really there's more to it than that. So whenever we
are building plans for you guys out there, which is

(35:52):
what we do here at Limehouse Financial, we build plans
for you. We are social Security and income planning x spirts.
We build plans to get you to retirement and through retirement.
If you'd like one of those plans, you can call
in right now eight hundred nine four zero six nine

(36:12):
seven nine. Also visit us on the web at limehousefinancial
dot com. But when we're building you plans, we're including
a lifestyle goal. We are budgeting for fun in retirement.
So how are we doing that? Well, we're talking to
you about, you know, where do you want to travel,

(36:32):
what kind of hobbies do you have, what kind of
experiences do you want to encounter while you're maintaining a
sustainable withdrawal strategy and that's the key there is. I
think that's where the budgeting comes in, Steve. We got
to make sure that we're not going to run out
of money, but we're still going to be able to
do the things that we want to do, those lifestyle goals.

Speaker 3 (36:52):
You know what I mean, I do know what you mean,
and I mean again, as we look at that, we
have to you talk about creating income streams. Taxes have
to come into play there, starting our legacy plans. So
those are all things that are you know that in
nineteen eighty five were the furthest things from our mind
and now it's pretty much front and center.

Speaker 4 (37:11):
And staying healthy that's another one too.

Speaker 6 (37:13):
On the forefront. Yeah, all these things. You know, probably
back in nineteen eighty five when Live aid was happening,
not too many people were necessarily thinking about those things
that are they should be thinking about right now, you know.
But I think that's the natural progression. I mean, we're
as we're aging, we're viewing the world differently and we're
seeing we're encountering things differently, and we're like, yeah, I

(37:36):
think I should do that a little bit different or
I can do that a little bit better, or or
we're learning from other people that did some things and
that you know, hey, we don't want to encounter that. Recently,
Jonathan and I sat down with some folks at our
conference table. They attended one of our events, our live

(37:57):
social Security and Income playing workshops. By the way, folks,
we've got some coming up. Make sure you check out
limehouse financial dot com under the event's tab. We're going
to be at the library on April the second. That's Wednesday,
April the second, and it's going to be at six pm.
And that's the library in Lexington for your Social Security

(38:20):
and Income Planning Workshop six pm April second. And then
on April to fifth, we're going to have a breakfast event,
no cost, no obligation. That's going to be at the
Lexington Chamber Visitors Center, nine am Saturday, April fifth, Social
Security and Income Planning Workshop. I'd like to invite everybody
out there to these events one eight hundred and nine

(38:43):
four zero six nine seventy nine to reserve your spot,
give us a call, come on into those events. But
you know, we we were meeting with these this couple
that had attended an event. They scheduled an appointment with
us to come in and they said, hey, every thing
you're talking about makes sense, and we need help with that.
One of the things they shared with us was their

(39:04):
experience seeing their parents run out of money, and they said,
we never want to encounter that. I said, well, I
would never want you to encounter that, but you know,
so the point is that they had had an experience
that they did that they probably never thought they would see,
you know, twenty five, thirty five, forty years ago or whatnot,

(39:25):
and now they're like, hey, I don't want that to happen,
and folks, you shouldn't want that to happen either. So, Steve,
you mentioned something a minute ago of creating income streams.
I mean, we have to do that. Pensions are disappearing,
so we have to really create our own, folks. You
can visit get safe income dot com get safe income

(39:50):
dot com to learn more about how to create what
we call a personal pension plan where you will truly
never run out of money. Okay, We've also got to
make sure you're choosing social security at the right time
to maximize and optimize the benefits. And we you know,
that's where that social Security roadmap comes in. Steeve, everybody

(40:11):
that comes to our office gets a social security roadmap,
So no more guessing as to when to file for
social Security. We're going to as experts, we're going to
make that recommendation. And of course everything we do here
at Limehouse Financial is from a fiduciary capacity. We're only
making recommendations that are in your best interest. So we're

(40:34):
going to make sure you are getting the most out
of social security. Ask us about the social Security roadmap
eight hundred nine four zero six nine seven nine. So again,
you know, just we and we got to be intentional
much more so than we were you know when when
you know, times were different in your life. So you

(40:56):
also mentioned staying healthy. That's a great thing to bring
up to folks.

Speaker 4 (41:01):
Oh yeah, well, I mean but you've got a plan
for it.

Speaker 3 (41:04):
And obviously we're not moving around quite as quickly perhaps
as we did in nineteen eighty five, but we can
still get her done as long as we stay healthy.

Speaker 6 (41:12):
Yeah.

Speaker 7 (41:12):
So I.

Speaker 6 (41:15):
Envision a lot of folks out there. I mean maybe
they weren't at Live Aid, but maybe they would go
to other concerts or you know, whatever they might have
been doing, and they were moving around a lot. They
were let's just say they were dancing, dancing around and
you know, we want you to keep doing that, folks,
we want you to keep dancing. We want you to
plan for healthcare now. I mean, so if we go

(41:39):
back to nineteen eighty five, maybe you could dance for
hours and you wouldn't feel it the next day. But
perhaps today you might be a little bit more conservative
with the dancing. And you know, we're tying that into
healthcare planning. It's so essential that you understand Medicare and
the options that are available. You got to know when

(42:03):
to enroll, and you got to know what plan to
enroll in. And as holistic planners here at Limehouse Financial,
that's one of the things that we're doing for you
is we're advising you on the proper Medicare planning strategy.
So some of you might be about to, you know,
turn sixty five, you can count on us to give

(42:25):
you the best advice for Medicare and help you understand
what are your options and get you set up for
healthcare for retirement, also long term care. Just speaking of
healthcare that comes to mind right now. This is a
tremendous deal for you guys out there. Hopefully you won't
encounter it. But my goodness, if you ever did have

(42:47):
to go to an assisted living or get home health
care or go to skilled nursing facility care and you
haven't planned properly, you know, you're dipping into your assets
that you've saved for retirement, and that could just lead
to lead to you taking a wrong turn, that could
potentially lead to a dead end on the road to retirement.

(43:09):
And that's part of our job here at Limehouse Financial
is to make sure that that doesn't happen. Okay, So
make sure you're looking at those types of things and
asking us about it. I mean again, as holistic planners,
we're advising you on the best way to plan for
long term care. So if that's something that's on your mind,

(43:30):
which really should be for everybody, make sure you're asking
us about the best way for you to plan for
long term care. Folks, Stay active, stay engaged. Really the
best investment is your health. Make sure you're exercising, that
you're keeping social connections going so you're you know, fulfilling
that part of your life which is just so important.

(43:53):
And you know, preventative care really does matter. So and
let's also one final thought done this segment is, let's
also protect our greatest hits, kind of tied it into
the music world. That would really be like your estate
in legacy planning. Okay, keep your state planning up to date,
a review beneficiaries, make sure they're named correctly. If you

(44:17):
haven't done it yet, set up a legacy plan. We
can help you with all that, Folks, we're having fun
helping people. One of the things we're doing is offering
for the next ten callers in the next ten minutes,
a written plan for retirement, no cost, no obligation. Eight
hundred and nine four zero six nine seven nine. Call
in now. The next ten callers will receive a no cost,

(44:39):
no obligation, written plan for retirement, built by our team
of certified financial professionals just for you.

Speaker 4 (44:46):
Sounds great, trip.

Speaker 3 (44:47):
That's our goal here at the show, helping you make
the best decisions for you when it comes to retirement.
If you've got questions about some of the things we're
talking about today, maybe how it applies in your own situation,
now's the time to give us a call. It's eight
hundred nine four zero sixty nine seventy nine eight hundred
nine four zero six nine seven nine quick Break. We've
got another segment to go here on the Road to
retirement with Trip Linehouse.

Speaker 6 (45:09):
Next segment on the Road your Retirement show questions from
listeners and answers from me.

Speaker 7 (45:22):
You've worked all your life, you've saved, You've followed all
the rules. Now it's time to retire. Here's the question.
Who do you want relaxing and taking it easy, Your
nest Egg or you? Well, of course you want to
relax and travel and enjoy and nest Egg, You've got
more work to do for a retirement that maximizes your portfolio,

(45:44):
your social security, avoids unnecessary risk, protects you from pitfalls,
and frankly lets you retire and keeps the next each working.
You need a retirement partner. You need someone looking out
for your best interests and building a plan for you
based on your situation. Call trip Limehouse at eight hundred

(46:05):
and nine four zero six nine seven nine or text
trip to RiPP to eight hundred and nine four zero
six nine seven nine. That's eight hundred and nine four
zero six nine seventy nine or text trip to eight
hundred and ninety four zero six nine seven nine.

Speaker 3 (46:23):
We are back on the road to retirement with Trip
lime House. We're winding things down, headed back into the
garage as we got one more segment to go where
we turn to the listeners, we turn to you and
ask us see what you're wondering, see what the see
what folks are asking trip and this has been a
fun show. I know I want to You've only mentioned
this once, but I know it's a couple of weeks up,

(46:43):
but you're seminars. You've got a couple more coming up
here in the first part of April.

Speaker 6 (46:47):
Yeah, thanks for bringing that up, Steve. You are the
best when you're thinking about our listening audience and keeping
them up to date on what's happening and what's going
on out there. We do have events coming up in April,
and i'd like to personally invite those listening to attend.
Plenty of time to plan in advance. We've got one
coming up on April the second, that's going to be

(47:10):
at the Lexington County Public Library six pm Wednesday evening
April second. It's a social security and income planning workshop.
We'd love to have you there. And then also on Saturday,
April the fifth, we're going to have a social Security
and income planning breakfast event where we serve you breakfast,

(47:32):
no cost, no obligation, and we just have a great
time teaching you about how you can be independent and
in control during retirement. And again that's the second one
is Saturday, April fifth, nine am at the Lexington Chamber
of Visitor Center. For both of those, you would need
to call in and reserve your spot. Eight hundred nine

(47:54):
four zero six nine seven nine is the number, and
just let us know you want to attend and get
you get you on the roster. You can also always
learn more about where we're going to be when we're
going to be doing it at limehouse Financial dot com
under our events tab. Now, I'm just thinking about my
beautiful lady right now, and I always just have to

(48:16):
on the air take advantage and and it's one beautiful
thing about it being my radio show. I can do this.
I just want to tell you, Amy, I love you
so much, my beautiful wife, my best friend, and uh
just celebrated another birthday with her. So thankful uh to
have her in my life and thanks for helping me. Yeah,
that's right, she did and uh and and you know

(48:40):
she she really is a big part of what happens
here at Limehouse Financial. She just keeps keeps things going
around here. It's kind of behind the scenes. And uh,
I appreciate, appreciate you for all you do and for
who you are. Honey. Uh So you know these these
these listeners, I I appreciate them as well. I appreciate
folks you call in with these questions. Shout out to

(49:03):
my longtime listeners. You're great and continue to hang out
with us. And if you're new to the show, well
we're also thankful you're here. You're in the right place.
We are social security and income planning experts. We are
retirement planning experts. We build plans for you to get
you to and through retirements. We teach you on an

(49:23):
ongoing basis what you can be doing to be more
successful during retirement. Do you want to have a better retirement?
Do you want to do better? Well, you're in the
right place, right here, right now, and I'm glad you're listening.
These are some These are some listener questions we've got
and I want to answer them.

Speaker 3 (49:42):
All right, let's jump in trip good idea. We start
with a fifty five year old William is fifty five.
He's in Columbia, says he and his wife. They've got
five hundred thousand dollars, they've got a five hundred thousand
dollars home, they've built up three hundred thousand dollars in equity.
Now there considering a reverse mortgage to supplement their retirement income,

(50:03):
but they're unsure about the long term implications. What should
they know about a reverse How well reverse mortgage works?

Speaker 4 (50:10):
That's a good question.

Speaker 6 (50:12):
Yeah, that is a great question. And reverse mortgages can
be a very good planning tool for the retirement years.
You know, it just depends on what a person's goal is.
Obviously there's a significant amount of equity here. Great job,
you know, I think the thing to work to you know,
think about as far as long term implications is if

(50:34):
you're planning on staying there, then it could work really well.
And honestly, if you're if you move later on, it
still could serve you. But you know, essentially you can
leverage the equity in your home by taking out a
lump sum or having you know, maybe money distributed to

(50:54):
you on an ongoing basis, and it's all coming from
your equity. And think of it at the rever first
part is instead of you know, paying it forward, you're
kind of paying it backwards. So you still live in
the home, you continue to pay taxes and insurance, but
your mortgage payment goes away and you leverage the equity

(51:15):
to do something else like enhance retirement or travel or
whatever you may want to do. You know, so you
just kind of think through it carefully and slowly and
ask yourself, really, what are you after? You know, I
don't really see any negative things associated with it, but
again everybody's a little bit different. So overall we need

(51:36):
to work that into a plan. And you're in the
right place because that's what we do. We build plans
for you to be successful.

Speaker 3 (51:43):
All right, give us a call, William eight hundred ninety
four zero six nine seven nine, And here we go
to from Cheryl in Lexington with three hundred thousand dollars
in a traditional IRA calculated they'll owe approximately thirty thousand
dollars in taxes to convert.

Speaker 4 (51:59):
One hundred thousand dollars. Now they're wondering.

Speaker 3 (52:02):
If the tax free growth potential outweighs the upfront cost
the what should they consider when evaluating this?

Speaker 6 (52:09):
Cheryl, I like, how you're processing this? So essentially, what
you're saying is you have a tax referred retirement account
and you want to take money out of it to
convert and put in a tax free retirement account, which
would be the Wroth. This could be a great planning
tool to utilize.

Speaker 3 (52:26):
It.

Speaker 6 (52:26):
Sounds like you've calculated a fair amount of taxation that
could occur today we are in a favorable tax environment.
It could be an opportunity time to do the Wroth conversion.
But really what we need to do is called the
Wroth Conversion analysis Wroth conversion analysis, and folks, that's something

(52:46):
that we offer to everybody that comes to see us.
That's when we determine should you convert, and if so,
how much and what will it look like over time.
So this could be a great idea for you, Cheryl.
Just need to formulate it long term into a plan
and that's what we do here at Limehouse Financial. We
do it very well. Folks. Has been a great show today.

(53:10):
Check us out on the Road to Retirement TV show
on the weekends Channel ten WIS Saturday morning six thirty am.
Sunday morning, Channel twenty five eleven thirty am. Check us
out on Google, iHeartRadio, Spotify, wherever you stream your music
the Road to Retirement Show with Lamehouse Financial. We appreciate
you tuning in so much, and we're looking forward to
being with you again in one week. Take care until then,

(53:35):
God bless you.

Speaker 2 (53:40):
The information provided is for illustrated purposes only and does
not constitute investment, tax, or legal advice. Information has been
obtained from sources that are deemed to be reliable, but
their accuracy and completeness cannot be guaranteed. Neither trip Limehouse
nor his guests are liable for the usage of information discussed.
Always consultable the qualified investment, legal, or tax professional before
taking any action.