Road to Retirement 03-22-2025

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):
Welcome on everyone, This is the road to retirement. You know,
retirement planning isn't just about saving, It's about making sure
your money works for you while protecting what you've built.
Too often people rely on traditional investments that are exposed
to market risk, unexpected taxes, and uncertain returns. But what
if you could secure your future with zero market losses,

(01:22):
tax advantages, and guaranteed lifetime income. Stick around and find
out right here on the road and retirement with Trip Limehouse.
Trip what are you thinking?

Speaker 4 (01:31):
I think everybody likes that no market losses, tax advantages,
guaranteed income. Are you kidding me? Here we go? Coming
up next?

Speaker 2 (01:41):
Do you want to avoid taking a wrong turn or
your retirement roads?

Speaker 4 (01:46):
The road to retirement is a long one, and if
you just don't want to make wrong.

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

Speaker 4 (01:58):
It's the perfect time to map it out. That road
to retirement is key.

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

Speaker 4 (02:10):
Partner, my money is safe using the green line principle
that you taught me about.

Speaker 5 (02:15):
Thank you so much.

Speaker 2 (02:17):
Let's get this trip started. It's the road to retirement
with Trip Limehouse.

Speaker 3 (02:25):
Welcome in everybody the road to retirements. The program Trip
Limehouse is here to guide us, to coach us along,
to steer us in the right direction, so we avoid
any any mishaps on the road to retirement because it
can it can be bumpy trip.

Speaker 4 (02:38):
How are you doing good, Steve? Doing good, Steve, And
it's as always great to be with you and everybody
out there in radio land. Man. How about that pollen,
Hugh that time of year huh.

Speaker 3 (02:51):
Oh it's starting, huh, I haven't seen the pines yet.

Speaker 4 (02:54):
To spring his spra close. It's on the back deck.
I'm having to before I sit down, wipe off the
cushions and things like that. And you know, so my
mom loves to spend time on her back porch and
she actually takes everything when this time you're in the
poll and starts rolling in, takes everything off the back
porch in the garage and then wait until it's done,

(03:16):
then puts it back out. That's a pretty smart move there.
So but by the way, Mom, I love you so much.
You're the best, and thanks for being one of my
biggest fans. So I think that's your mom.

Speaker 3 (03:28):
She's very cool. I enjoyed talking with her.

Speaker 4 (03:30):
Oh thanks, I mean that was fun. Yeah, that oyster,
that client oyster roast. We did. H We're always doing
fun things around here with clients. Last year is a
baseball game and oyster roast, and this year we got
even more coming up. So you know, I mean that
just goes to show what we're all talking about, having fun,
helping people. We're definitely doing that, you know, helping you

(03:51):
guys out there with getting to and staying in retirement.
And this is a you know, it's such it's a
wonderful time of your life, but you just have to
plan properly so that you can enjoy it. And when
it comes down to things like not losing money, paying
less taxes, and having income that you can never run

(04:12):
out of, well, guess what, you're in the right place
because these are all things that we do here at
Limehouse Financial. So Steve, I like this segment. You know,
we we're going to talk about i u L, which
is stands for indexed Universal Life Insurance, and then we're
gonna follow up with talking about index annuities and we're

(04:34):
gonna just help people out there understand how they they
really can have powerful strategies that will enable them to
be successful during retirement and really provide kind of the
best of both worlds, you know, growth potential and protection,
and I think those are two things that everybody's you know,
kind of looking at. So let's just start breaking it down,

(04:57):
you know.

Speaker 3 (04:58):
Okay, let's think universal life. I mean we've heard about that.
I've heard about it, I've read a bit about it.
But you I mean again, this is really an opportunity,
especially if you're a higher earner. It could be a
game changer.

Speaker 4 (05:10):
Oh, definitely, index universal life it can be a big
game game changer. I mean, so at the core of it,
you know, we can't change the main function of life insurance,
which is to provide a death benefit, okay, but a
secondary benefit is that it can provide a living benefit, uh,
for you while you're alive, folks. And and this is

(05:31):
a great place for you to you know, to put
money in. I mean, we have so many clients that
come in Stephen, they if they're maxing out there for
one K, they're putting the max in a raw, you know,
and they're they're people are just asking us where where
can I save more money? Where can I save more money?
And and we're bringing this to their attention because the

(05:53):
fact is with an indexed universal life insurance policy. It's
flexible premium, so you can you can add a lot,
or you can stop adding to it. You know, it
gives you some leeway as you're moving forward. But you
can put chunks of money in it, okay. And what
happens is part of that money that you put in
it goes to pay for the premium for the life

(06:14):
insurance okay. But then the rest is going to go
in an account as a part of the plan that's
going to accumulate a cash value. Now, a couple of
key features regarding that cash value. It's going to grow
tax deferred for people, okay, And that's a fantastic thing. Now,
for those of you that have been listening to The
Road to Retirement Show long enough, you've heard me talk

(06:35):
about tax deferral and how we had to be really careful.
It's a fine balance to have, folks, because you know,
tax deferral really can come back around later on in
retirement and kind of bite you in the butt because
you're like, oh my gosh, now I'm taking this money
out and I have to pay taxes, and I thought
i'd pay less taxes, and you're not necessarily paying less taxes.
And then you're thinking, I shouldn't have done that, I
shouldn't have put so much money in tax deferral. Well,

(06:57):
the index universe of life insurance works. And here's why.
The accumulation side in this contract is going to grow
tax deferred, So the same way your four to one
K would or an IRA would or four oh three
B or TSP. It's going to grow tax deferred. But

(07:18):
the IRS views it differently. When you withdraw money from it,
they view it as alone. Okay, So because your withdrawal
from cash value accumulated in an index universal life life
insurance policy is viewed as alone, guess what it's good

(07:38):
X free. Good news. It's tax free. That's right. So
you know, I've been doing this twenty plus years. Many
many clients have had success with this particular strategy, and
I'm not saying this should be the only strategy, but
it's definitely one worthy of considering to implement into a
part of your plan, and we can help you with

(07:58):
it here at Limehouse Financial eight hundred and nine four
zero six nine seventy nine limehousefinancial dot com. We are
social security and income planning experts. This is the type
of thing we do. We help you preserve or protect
your money. And as we're talking about now, we share
with you strategies of how you can have tax free
money during retirement other than just a standard approach like

(08:19):
having a raw with IRA, which is a good approach,
but this is an additional thing you could be doing.
So you know, many many clients have had who have
gone this avenue in the past, have had tremendous amounts
of cash value accumulate within the index universal Life Insurance policy.
And then they're taking withdrawals as they so desire. By
the way, they're not forced to do it, okay, and

(08:42):
when they're making withdrawals, they're tax free, so they're not
making their Social Security taxable and they're just enjoying a
net income. So it's it really is a game changer
for retirement. Think of this, folks. You have a partner
in your retirement account now with you, and it's the IRS.
If you're participating in a taxi for a retirement account,

(09:03):
you have a partner in that retirement account with you,
it's the IRS. They tell you how much you can contribute,
they tell you how old you have to be before
you take money out without a penalty, and they tell
you that you're going to have to take money out
when you reach a certain age. Okay, they control everything
what I'm sharing with you now, this particular strategy using
an Index universal life insurance contract. You are the only

(09:25):
person that's in charge. Okay. You can do whatever you
want and you can have a lot of growth. Hey,
hang on, We're going to come back and continue to
talk about ways that you can have no market losses,
lots of tax advantages, and in particular, guaranteed income for life.
But right now, this offer is for the next ten
callers in the next ten minutes. It's for a written

(09:48):
plan for retirement built by our team of certified financial professionals,
no cost, no obligation to you. You must call in
right now. You must be one of the next ten
callers to receive this no cost, no obligation, written plan
for retirement. Also, you have to come in to get this.
This is not something that we will simply email or
mail to you. You have to come in go through

(10:08):
our process to receive this. Eight hundred nine four zero
six nine seventy.

Speaker 3 (10:14):
Nine fantastic trip. Give us a call goal here at
the show. Help you make the best decisions for you
when it comes to retirement. So if you've got any
questions about what we've been talking about about Index Universal Life,
how that might fit in your plan, Well, Trip's here
to help. Eight hundred nine four zero six nine seven nine.
Eight hundred nine four zero sixty nine seventy nine.

Speaker 4 (10:34):
Pow about no market losses on your retirement account, how
about tax advantages to your retirement account and even guaranteed
income for a life Well, we're talking about all that
and more coming up.

Speaker 5 (10:54):
Do you ever feel like you are fighting for financial knowledge?
Don't let that advice be a punch in the change
your retirement. Take advantage of a complimentary, no cost, no
obligation consultation with a local, trusted financial coach. Call Trip
Limehouse at eight hundred and nine four zero six nine
seven nine, or text trip to RiPP to eight hundred

(11:15):
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 nine four zero six
nine seven nine.

Speaker 3 (11:28):
We're back on the road to retirement with Trip Limehouse.
We got everything cruised along today Trips guiding us as
he does each and every week, to that very tricky
road of retirement trips helps smooth things out, makes it
a lot better. We've been talking about well, different ways
to i mean fund your retirement with ways that might
be she not really thinking about. We talked about index

(11:48):
universal life a you, well, that's a big deal. Let's
talk about indexed annuities and how they can really secure
your financial future. We like the indexes, don't we trip?

Speaker 4 (11:58):
Yeah, And that's something in the first segment I didn't
get too much into. I do want to talk about
that for a moment, and then we'll continue to rev
it up and drive on down the road to retirement.
Eight hundred nine four zero six nine seventy nine is
our number of folks. You can find us on the
web at limehousefinancial dot com. This is the Road to

(12:19):
Retirement Show. We're having fun helping people. So in that
first segment, we did talk about a particular strategy that
is available for folks, and it's implementing index universal life
insurance into their plan. And contrary to popular belief, you
know a lot of folks say, oh, I don't need
life insurance, or it's unnecessary in my retirement plan, my

(12:40):
kids are old, or I have no debt, you know, whatever,
and all those things do have a lot of validity
to them. However, when you truly understand how the instrument
works and you consider it as an asset class versus
just something that's going to pay a death benefit, then
you really really starting to grasp how powerful it can

(13:04):
be as you're moving forward in retirement planning, because once again,
these indexed universal life insurance contractor are just a fantastic
vehicle to put in the mix. Not the only thing
you should do, but definitely something to give serious consideration too,
mainly because of the tax deferred a crwal of cash

(13:24):
value within the contract and the ability to withdraw that
cash value that has grown tax deferred and it not
be taxable to you. Okay, but the indexes are awesome.
I mean, like you just mentioned one Steed, the S
and P five hundred. You know, when you can have
a tax deferral and an accumulation of an account withinside

(13:45):
of a contract like the index universal life contract, when
you can have it linked to the S and P
five hundred, if there's a significant uptick in the market
and let's just say the SP five hundred, does you
know eighteen percent? Well, if the insurance company is going
to participate with you and share maybe you know eighty

(14:07):
or ninety percent, or who knows what that number may
be because it does vacillate between insurance companies. Maybe you're
going to get a credited interest rate of a nine
or a ten or twelve percent. That would be fantastic, folks.
And even more fantastic is when you get credited interests
that we're talking about. Now that's your new number, and

(14:27):
you can't go backwards. You cannot lose any of what
it was before you earned interest in what it was
after you earned interest. So a lot of really wonderful
moving parts again just designed to enhance where you're going
to be and how things are going to be in
the future for you. Limehousefinancial dot Com eight hundred and

(14:50):
nine four zero six nine sevent nine. We're going to
move into how the fixed index annuities benefit you during retirement.
But before I do that, I want to invite you
to up coming events that we have folks. Under limehousefinancial
dot Com. Under the events tab, you can always see
where we're going to be and what we're going to
be doing. On April the second, we're going to be

(15:11):
at the Lexington County Public Library six pm for a
social Security and income planning workshop. Love to see you there,
no cost, no obligation. That's April the second at six
pm the Lexington County Public Library a social Security and
income planning workshop. And then on the fifth of April,
we're going to be at the Lexington Chamber and Visitors Center.

(15:35):
It's going to be nine am and it's a breakfast event. Okay,
we're going to serve you breakfast and serve you a
whole lot information. This is also going to be a
social Security and income planning workshop Saturday, April fifth, nine
am the Lexington Chamber of Commerce. No cost obligation. You
must call if you'd like to attend those eight hundred

(15:57):
nine four zero six nine seven nine, Come on out,
have a lot of fun with us. So moving on,
we are talking about in this segment on the Road
Retirement Show, we're talking about ways that you can mitigate
exposure to market risk, that you can reduce taxation and
eliminate some taxation and the whole thing of uncertain returns.

(16:19):
And one of the ways that you can do just
that is by understanding how these indexinuities offer you the
ability to do the things that we just talked about.
So think about this, folks. Retirement is about income. It's
not just about savings. We say it all the time.
Your income determines your outcome on the road to retirement.

(16:41):
So we were talking about index unier lot, index universal
life and how indexes such as the S and P
five hundred determine how much a person may earn an interest. Right,
So the same thing happens with index index indexinuities, fixed indexinuities,
but these are fixed indexinuity. So zero is your hero.

(17:03):
You can never go backwards, so your principle is protected.
But you have a whole lot of upside potential, a
whole lot of potential to earn interest. And then when
you're ready to retire, you can choose to receive a
guaranteed payment for life, ensuring that you never outlive your savings.
So it really is the perfect way to lock in
lifetime financial security without stock market worries. And quite frankly,

(17:27):
right now, most people that we're seeing who are about
to exit on the road to retirement journey are concerned
about what's going on, you know, all across the globe
and in our country in particular, tariffs is one of
those things. We're going to talk about that on the
show today. You know, there's been some volatility in the market,
and in general, people are just not comfortable with the

(17:48):
possibility of losing money right before retirement. So, folks, how
can you preserve and protect what you've worked so hard for?
While we're talking about that right now, Greenlineprinciple dot com.
Visit that web site greenlineprinciple dot com to learn more.
These fixed indexed annuities work beautifully for you. They truly

(18:09):
put you in control and allow you to be independent
and successful during retirement, and also a great way to
grow your money safely because you can't lose any and
potentially create guaranteed income for life, something that everyone needs
during retirement. Another thing that everyone needs to get to
where you want to go into retirement is a written

(18:31):
plan for retirement. It is a must have, and the
next ten callers in the next ten minutes are going
to receive a customized, individualized written plan for retirement. It's
built just for you by our team of certified financial professionals,
and we're going to provide this to you at no
cost or obligation. But you must call in right now

(18:52):
eight hundred nine four zero six nine seventy nine to
receive this no cost obligation written plan for retirement. Next
ten callers in the next ten minutes.

Speaker 3 (19:04):
Give us a call. That's right eight hundred nine four
zero sixty nine seventy nine. Really, there's no cost, there's
no obligation, and you'll get a better handle on your
own financial situation. Trips there for you to answer the
questions and guide you along to a really successful retirement.
Eight hundred ninety four zero sixty nine seventy nine. Eight
hundred nine four zero six nine seventy nine.

Speaker 4 (19:22):
Coming up. Have you ever thought about what happens to
multi millionaires who die without an estate plan? Spoiler alert,
it's ugly. Stick with us as we show you the
financial fallout from the sudden death of this one big
celebrity superstar.

Speaker 6 (19:49):
If you remember these TV shows, you're getting ready to retire.

Speaker 7 (19:53):
And everybody see a big pair of feet there, cheesy mustache.

Speaker 8 (19:56):
I'll think of you, you guts Well, I'm one guy
who ain't prejudice against anybody who may be lesshi pivid
than me.

Speaker 6 (20:07):
It kind of sneaks up on you, doesn't it.

Speaker 3 (20:10):
Oh, geez.

Speaker 6 (20:11):
You deserve a secure, independent retirement, our retirement that is
prepared to handle pitfalls like inflation, health emergencies, stock market volatility,
and taxation. You worked hard for your money and will
work just as hard to protect it and grow it.

(20:31):
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 7 (20:52):
Getting the right retirement strategy suited to your unique needs
and desires is called hitting the bull's eye. You can
say I nailed it. You actually should say we nailed
it because there's a firm right there with you putting
together the pieces of your own retirement puzzle. It's a
bulls eye plan for you. A call trip Limehouse, host
of Road to Retirement eight hundred nine four zero six

(21:15):
nine seven nine or text trip tripp to eight hundred
nine four zero six nine seven nine. We've made it
easy for you to take advantage of this fantastic offer.
All you have to do is call her Text trip
to eight hundred nine four zero six nine seven nine.

Speaker 3 (21:32):
We are back on the road to retirement with Trip Limehouse.
My name Steve sad Oh. We are a boy shifting gears.
Boy again. Those first couple of segments Trip, you talk
about you know, Index Universal Life, you talk about Index Annuities.
I mean that Index seems like a really good way
to go, obviously, And when we talk about going, we
don't want when we do go, when we do check out,

(21:52):
what we want to be able to do is make
sure that everything is good for those we leave behind.
And we've got a great example here of someone who
didn't do that. Uh, and that is Prince.

Speaker 4 (22:03):
Most people know that name, No.

Speaker 3 (22:05):
No, absolutely, Well, I'm from Minnesota. I know that name.

Speaker 4 (22:09):
It might not necessarily be a fan, but you probably
have heard of him. A pretty big name in the
music industry. Prince right. Also, he said, and it had
some movies too that he did by Purple.

Speaker 3 (22:22):
Yeah, that was a big movie in Minneapolis. Yeah, been
there a few times myself, so.

Speaker 4 (22:27):
There I have never been there. Is that? Is it
pretty cool?

Speaker 3 (22:30):
It's very cool?

Speaker 4 (22:31):
Yeah? Is that where he rode the motorcycle down in
the in the movie No, No, No, okay, Yeah, Well,
you know, I know one big Prince fan and uh,
you guys out there radio Land hear me talk about
her all the time, and that's my wife Amy. So, honey,
this makes me think of you. Although I'm going to
point out all my listeners that we are not going

(22:53):
down the road the Prince went down and have a
lack of estate planning, because we've taken care of that.
But just whenever I hear a Prince song or talk
about Prince, that makes me think of you, because I
know you really enjoy listening to him, and I love you.
I just want to say that, like I do so
often over there, you are the best, my best friend,
and I love it when we listen to Little Prince together.

(23:15):
But this guy, you would think you would think that
this guy Princes as famous as he was and as
much money as he was making and he had, you
would think that a guy like that would be surrounded
by advisers that would say, hey, you need to take
care of this, Hey, you need to take care of this.

(23:36):
And I don't know, maybe he did have people that
shared with him, hey Prince, you should do this, or
maybe nobody did share that with him. Well, good news
for you guys out there in radio land. I am
sharing with you coming up right now, how you can
avoid the mistakes that this superstar made. I mean, you know,

(23:57):
he really had his family. There was just a huge
fallout that occurred from his lack of planning.

Speaker 3 (24:04):
Well, let's set it up. He died, Prince were talking
about Prince. He died unexpectedly in twenty sixteen. He was
fifty seven years old. He did not have a will
or an estate plan. It's estimated his worth was around
one hundred and fifty six million dollars. That again, people
just started fighting over family started fighting over it.

Speaker 4 (24:24):
Yeah, and that was a six year long legal battle
that involved, as you just said, family attorneys, lots of attorneys,
and they were happy because they're getting paid big bucks
and then the irs. You know, it's never never a
good thing when they get involved. Talk about in the state.
So Prince isn't alone though, I mean, there are a

(24:44):
lot of celebrities that have made mistakes like this. So
let's just really quick talk about what happened after Prince died.
I mean, what was the fallout. Well, here's here's what
we're talking about. He did not have a will, or trust.
So as a result of that, his estate went into probate, okay,

(25:07):
and that led to huge legal fees and delays. And folks,
if you do not have a will or a trust
set up, then the same thing can happen to your family.
And I don't think anybody out there really wants their
loved ones left behind to be dealing with a probate
cords judge and having to pay additional fees that maybe

(25:30):
they could have been avoided. So it's so important for
you while you're alive to implement a will or a
will and or a trust so that when you're not
here anymore, it's very clear what happens with what you
have left behind, who gets what, how it's distributed. It's
just so important, folks. Everyone out there needs to have

(25:52):
a will and maybe even a trust. So the next
thing is there was a huge irs tax buil. Now
it's pretty interesting. The government fought over Prince's true value
of his estate and the government ultimately forced his heirs
to pay millions in estate taxes. Now, we've got a

(26:14):
handful of high net worth clients that are subject to
estate taxes, but right now the thresholds are so high
you know, if you're a married couple, you can have
up to twenty six or so million dollars and then
not be subject to a state taxes. Well, Prince's estate
was as you mentioned earlier. What did you say about
one hundred and fifty million plus.

Speaker 3 (26:32):
Dollars fifty six million?

Speaker 4 (26:33):
Yeah, yeah, so, I mean, you know it, that definitely
was an estate tax problem. You know, folks, I want
you to know that that subject to change at any time.
When I first started helping people over twenty years ago
with planning for estates, you know, you could have you know,
two or three million bucks and if you had anything
over that, it would be taxed at about fifty percent
before you're for whoever inherited it. Now the thresholds are

(26:56):
so much higher, but keep an eye on that. You know,
here's what we can learn from Princes the musical artist
prints from his mistakes. You just have to have a
will and an estate plan. Everybody needs to have a
will and an estate plan, even if you're super wealthy.
Dying without a will creates just legal nightmares. You should

(27:18):
also consider a trust. It does keep assets private and
it helps you avoid probate. And you know, we need
to always take into consideration that there could be taxation
on inheritances, in particular tax deferred retirement accounts. Folks, when
you pass those tax deferred retirement accounts onto the next generation,
they can no longer stretch out the taxes. The Secure

(27:41):
Act eliminated the stretch ira your beneficiaries. You're going to
have to pay probably about thirty percent or around their
tax on what they inherit from you from your retirement accounts.
If it's not a spouse, So ask us about the
tax efficient retirement plan. We can show you how to
mitigate taxation and how to pass on your assets to

(28:02):
who you want them to go to, and more than
likely that's not going to be the irs. This is
the type of work that we do, folks. We're always
making sure you're on top of this stuff, doing the
things that you need to do, need to be doing,
the estate planning, the tax planning, the income planning, the
social security planning. Eight hundred and nine four zero six,
nine seventy nine. That's the number to call for the
next ten callers. Okay, the next ten callers are going

(28:25):
to get a written plan for retirement, no cost, no obligation,
built by our team of certified financial professionals. This is
individualized and customized just for you. You must come in to
receive this. This is not something we will just simply
email or mail to you. Again. A written plan for
retirement for the next ten callers in the next ten minutes,

(28:46):
no cost, no obligation.

Speaker 3 (28:48):
Sounds fantastic. It's advice like that that shows you just
how important it is to meet with a financial coach,
somebody like Trip who understands the ins and outs of
the financial world. Do take advantage of this opportunity. Make
sure that you are on the right path. That path,
of course, is based on your risk preferences, your budget,
and your goals. Eight hundred nine four zero six nine
seven nine. Call to reserve your spot right now. Eight

(29:09):
hundred nine four zero six nine seven nine.

Speaker 4 (29:11):
There's been a lot of chatter about tariffs lately, and
it's causing a lot of confusion and worry. Today, we're
gonna cut through the noise and give you the real
scoop on what you need to know about tariffs and
retirement coming up.

Speaker 9 (29:28):
Then, okay, such a blights right now.

Speaker 10 (29:40):
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.
Called 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 six nine. We've
made it easy for you to take advantage of this

(30:02):
fantastic offer. All you have to do is call our
text Trip to eight hundred nine four zero six nine
seven nine.

Speaker 11 (30:09):
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 bounce back. Call Trip
Limehouse and his team at Limehouse Financial today at eight
hundred nine four zero sixty nine seventy nine, or text

(30:32):
the keyword Trip to eight hundred nine four zero sixty
nine seventy nine. We've made it easy, folks. All you
have to do is call or text the keyword Trip
to eight hundred nine four zero six nine seven nine.

Speaker 3 (30:49):
Hey, We're back on the road to retirement. What Trip
Limehouse the cruising along today. We've got up to speed,
the smooth sale and now and now we're going to
get into some real tricky areas. We're talking about tariffs
and really what's going on that seems to be affecting
a lot of things. And there are a lot of
things about tariffs that people don't know, and things that
they do know are oftentimes wrong. So let's cut through

(31:11):
the noise, just like you said, trip, Let's figure out
what a tariff is, what it isn't and how is
it going to affect us? Or is it going to
affect us? That is the question.

Speaker 4 (31:20):
Let's do some myth busting.

Speaker 3 (31:22):
Oh I like that.

Speaker 4 (31:24):
Yeah, let's bring clarity to some of the biggest misconceptions
about this topic. You know, this is something that's real
and it's happening, and it really doesn't matter how you vote.
We're all Americans, and you know, I think that everyone
wants to have the same thing during retirement and that success.

(31:48):
And the reason I say, you know, it doesn't matter
how you vote is because you know, some people are
saying this is just a party thing, right, and it's
a move to you know, do this or that. I mean, okay,
maybe that is so, maybe that's not so, But the
reality is, you know, we're all moving towards one day
exiting to the on the road to retirement journey. And

(32:09):
there are things that are out of our control, such
as what we're talking about now tariffs. So we just
need to focus on what we can control and that's
going to enable you to be successful during retirement. That's
why we give the offers at the end of each
segment for that written plan for retirement. Stay tuned for that, folks.
I mean, this is key key ways for you to

(32:29):
to really enjoy your retirement. Okay, But let's talk about
fact or myth regarding tariffs. So a fact or a myth,
This is a question for my listeners out there. Tariffs
don't affect retirement planning? What what do you all out
there think in radio land? Do you do you think
that tariffs affect or don't affect retirement?

Speaker 3 (32:51):
I'm thinking they could.

Speaker 4 (32:52):
Well, here's here's a myth. Tariffs definitely do affect retirement planning. Okay,
and here's why. When terror are imposed, they influence everything
everything from inflation to market volatility, both of which directly
impact your retirement portfolio. Okay, So it's a myth that

(33:16):
tariffs do not affect retirement planning because they do it,
just they could they change things. Think about this, tariffs
on goods like steel or electronics or agricultural products, they
can increase the price of those items. I mean, that's
what we're encountering, and this might lead to higher costs

(33:38):
for consumers, and ultimately you could reduce the purchasing power
of your retirement income. You know, if your portfolio is
heavily invested in consumer goods or international markets, those tariffs
can impact returns as well. Uh, that brings me to
this point, folks, do you really know what's in your portfolio?

(34:02):
Do you know how it's performing? Do you know what
fees are associated with your portfolio? Do you know if
it's the right portfolio for you. Well, if you're like
most people that we see the answers, probably know maybe
you know some of those answers, but probably not all
those answers. Well, well, here's how we can help you.

(34:23):
We can offer you the Portfolio Observation Report. That's a
non biased, fact based report that defines what you own
in your portfolio, it defines how it's performing, it defines
the cost associated with those holdings, and it defines if
it's right for you or not. Okay, you really need

(34:45):
to understand what you own, especially in a time when
we're experiencing tariffs. Okay, maybe it's time for you to
adjust that portfolio. So if you would like no cost,
no obligation, portfolio observation report, Okay, just call eight hundred
nine four zero six nine seventy nine and let us

(35:11):
know you heard us talking about understanding your portfolio and
getting the portfolio observation report will provide that for you.
So what are the ripple effects of tariffs? You know,
so a question are the ripple effects? Well, you know,
these effects really can kind of make their way into
everything from stock market fluctuations to changes and interest rates.

(35:39):
And this is all important because people who are planning
for retirement to you just have to understand how this
all kind of intertwined because these market changes can and
will directly affect how much you're able to number one
save number two. It's going to affect how much your

(36:02):
investments are going to grow. So you know, this is
this is pretty it is pretty significant what we're encountering
right now. But at the end of the day, the
good news is for those of you out there that
have the four letter word, the p l a in
the plan built by a trusted expert like myself or

(36:25):
like my investment advisor, Jonathan O'Reilly. When you have the plan,
you're going to do better. You're gonna do as good
as you can despite what may be happening out there
with tariffs or inflation or taxation or the market. It
all comes down to having that plan, folks. And that's
what we do here. We're having fun helping you by

(36:47):
building you plans. You know, how about this next one?
Tariffs only affects stock prices, not retirement funds.

Speaker 3 (36:57):
Well, that's that's got to be a myth, trip because
it's if the stock market's affected, are retirements affected?

Speaker 4 (37:03):
That's right, absolutely, So that is a myth. It is
a myth to think that tariffs only affect stock prices
not retirement funds. So, I mean, why what's the correlation here, though?
Why does that happen?

Speaker 8 (37:22):
What?

Speaker 3 (37:22):
Why are retirement funds affected?

Speaker 4 (37:23):
Do you think stock? It's pricing. It's a pricing thing.

Speaker 3 (37:27):
Sure, because stocks, I mean, stocks are affected by by tariffs,
just like and if we're if we're a saver, chances
are some of our money is at risk in the market.

Speaker 4 (37:37):
Yeah, and some of that money is going to take
a hit from tariffs. Okay, I mean the reality is
that tariffs can affect retirement funds in many ways. There's
a lot of uh, there's a lot of retirement accounts
like four ones, four or three b's TSPs, four fifty

(37:58):
seven's iras, and they are comprised of a mix of
domestic and international assets. And tariffs affect, you know, global trade.
It's going to cause volatility in the market, which is
going to impact your long term return. So even if
you don't think about tariff's on a daily basis, they're

(38:21):
thinking about you. They are, and they could really play
a big role in your overall retirement strategy. Folks, the
green line principle really could save your retirement. It allows
you to sleep well at night. Visit green Line Principle
dot com. Greenlineprinciple dot com. This is a safe money

(38:44):
strategy where zero is your hero. You cannot go backwards.
You have a lot of upside potential and it needs
to be a part I didn't say it needs to
be all. It needs to be a part of everyone's
plan so that when things are happening like tariffs, well
your money is safe you're not losing value in this

(39:05):
part of your plan. Ask us about the green line
principle where zero is your hero and you have a
lot of upside potential to earn great interest. Okay, so
what are a couple of other market impacts caused by tariffs?
What can you think of, Steve?

Speaker 3 (39:21):
Well, I think there's any number of things that the
market can affect. Obviously, because it's the market, it affects
virtually every area of our life.

Speaker 4 (39:32):
Yeah, kind of a broad statement, but it really entire
entire markets can be influenced by tariffs. Yeah, you know,
there's market sentiment, there's global trade policy, and both of
those things, or maybe each one of those things. It's

(39:52):
really bad when both of that's happening, but either one
can lead to changes and interest rates, and of course
that's gonna in turn effect bond pricing. So you know,
here's the thing, folks, Even if you're not actively investing
in international companies, tariffs can still indirectly affect your overall portfolio. Okay,

(40:15):
So how about this one. As we're thinking about this,
higher tariffs mean more money for domestic businesses and higher
retirement savings. So higher tariffs mean more money for domestic
businesses and higher retirement savings. Would that be a fact
or a myth?

Speaker 3 (40:36):
I think it's a myth.

Speaker 4 (40:39):
You got your little ding ding ding bell that, Yes,
got that right. Sometimes you play these little background sounds.
You're correct, Steve, you got it. That's a myth. Okay,
It's definitely true that some domestic industries might benefit from karrish.
You want it your way, no tear. So oh, just

(41:01):
let me grow my money, you know, let me keep
my money. I want to retire. I want to retire safely.
We can help you with that, folks. Eight hundred to
nine four zero six nine seven nine Limehousefinancial dot com.
So I was saying that, you know, some domestic industries
definitely can benefit from tariffs, but the reality is far

(41:23):
more complicated because tariffs can significantly impact economies, and higher
prices from tariffs could reduce consumer spending that also impacts businesses,
and by extension, it affects your retirement savings. So the
effect on your retirement savings might not always be as
positive as it potentially could seem. Some businesses may benefit

(41:44):
from tariffs, others may struggle due to increase cost and
if consumers are spending less because of the higher prices
that could slow economic growth, which can hurt your retirement savings. Okay,
so we have to just be a of all this stuff.
We have to learn about this stuff, understand it, and

(42:06):
we've got to, you know, plan properly. Hey, folks. One
of the things that you can do to plan properly
is attend our live upcoming events. We're very excited to
tell you about two that we have. I would like
to personally invite you to either or. On Wednesday, April second,
we have a social security and income planning workshop at

(42:27):
the library in Lexington at six pm, no cost, no
obligation educational workshop. Wednesday April the second, six pm the
Lexington County Main Library, a social security and income planning workshop.
And then on Saturday April to fifth, we have a
social security and income planning workshop where we're going to
serve you breakfast. This is no cost, no obligation, breakfast

(42:50):
is served and that's going to be at nine am
at the Lexington Chamber of Commerce. Okay, Saturday April the fifth,
nine am Lexsning Chamber of Commerce a social security and
income planning workshop where we're going to serve you breakfast.
No cost or obligation to attend either one of those events.
You must call us and let us know so we

(43:11):
can get you on the roster eight hundred nine four
zero six nine seventy nine, or just visit Limehousefinancial dot
com and click under the events tab and learn more.
You can register that way as well. So we love
seeing you guys out there and helping you understand all
this stuff. We've been talking about. Tariffs, they really do

(43:35):
have an impact on inflation and interest rates. Think about
cost of imports rising due to tariffs, that this is
going to lead to higher pricing. This is going to
increase overall price level in the economy, contribute to inflation,
and then of course what's going to happen then is
that high inflation is going to etiwate the value your

(43:55):
retirement savings, which is why it's important for you to
consider how inflation impact your long term financial plan, leading
me to share with you this is why you need
a long term plan, and that's what we do here
at Limehouse Financial. We help you with that. For retirees,
higher interest rates are going to affect the value of

(44:17):
your bonds and fixed income investments. And you know what
if you're depending upon bonds for steady retirement income, newsflash,
rising interest rates are going to decrease the value of
your bonds, which in turn is going to negatively impact
your overall retirement income. That's why you need to understand

(44:37):
the green line principle. Visit Greenlineprinciple dot com to learn
more about safe money strategies to provide you guaranteed income
for life that's not going to be affected by the tariffs. Okay, folks,
This next offer is for the next ten callers in
the next ten minutes, is for a written plan for
retirement built by our team of certified financial professionals individualize

(45:00):
and customize just for you. You can't just call in
and say I'd like to have this. This is something
that you must come in to receive eight hundred nine
four zero six nine seventy nine no cost, no obligation,
written plan for retirement. For the next ten callers in
the next ten minutes.

Speaker 3 (45:16):
Here's your chance to benefit from a personalized retirement income plan.
Call right now. We do have some availabilities available for
you on the calendar. Still in that and it's offered
to you at no cost, no obligation, simply make that
phone call get started eight hundred nine four zero six
nine seven nine, eight hundred nine four zero six nine seven.

Speaker 4 (45:35):
Nine, questions from listeners and answers from me, That and
more will be right back.

Speaker 5 (45:47):
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.

Speaker 6 (45:55):
Who do you.

Speaker 5 (45:56):
Want relaxing and taking it easy, Your nest egche or you?

Speaker 12 (46:00):
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, your social security,
avoids unnecessary risk, protects you from pitfalls and frankly lets
you retire, and keeps the nestache working. You need a
retirement partner. You need someone looking out for your best

(46:23):
interests and building a plan for you based on your situation.
Call trip Limehouse at eight hundred and nine four zero
six nine seventy nine, or text trip tripp to eight
hundred and nine four zero six nine seventy nine. That's
eight hundred and nine four zero six nine seventy nine,
or text trip to eight hundred ninety four zero six
nine seventy nine.

Speaker 3 (46:47):
We are back on the road to retirement with Trip
Limehouse actually winding down at this point, we're kind of
getting back around on our way back to home. And again,
Ben a smooth ride always is going with Trip in
retirement and trips and helping folks for better than twenty
years getting to and through retirement. So certainly he's got
some room for you. And again you can reach out
to him contact him at eight hundred nine four zero

(47:10):
six nine seventy nine. You can also check out the
website Limehousefinancial dot com Limehousefinancial dot com. So Trip, we
do have some questions from listeners and there's a lot
going on. Before we jump into that, remind folks one
last time that you've got some events coming up that
they will benefit from.

Speaker 4 (47:27):
Thanks for keeping me on track, Steve. We get so
into the show sometimes we forget to mention these important events.
But yes, folks, I would like to just take a
quick moment to invite each and every one of you
to two upcoming live events that we have. Both are
social security and income planning workshops. We're going to have
the first one on Wednesday, April to second. It's going

(47:50):
to be at six pm at the Lexington County, Maine Library. Again,
this is a social security and income planning workshop at
the Lexington County Main Library at six pm on Wednesday,
April the second, and then on Saturday, April the fifth,
we're going to have a social security and income planning
workshop where we serve you breakfast, no cost, no obligation.

(48:12):
And this is going to be at nine am at
the Lexington Chamber of Commerce. Okay, Saturday, April the second,
a social Security and income planning workshop where breakfast is served,
no cost, obligation, nine am at the Lexington Chamber of Commerce. Again.
For those of you who want to attend, you must

(48:32):
call in eight hundred nine four zero six nine seven
nine and let's get you on the roster. So love
to see and looking forward to it.

Speaker 3 (48:44):
Sounds like a plan trip again. We've got some questions
from listeners. Let's see what we can Let's see what
we can do here. I've got a forty five year
old his name is Jackson. He's in Casey and he's
got three hundred thousand dollars in his four oh one
k he's changing jobs and he's thinking about cashing out
and he's aware of the ten percent penalty and taxes,

(49:04):
but feels it could help him pay off debt. How
should he evaluate the long term impact of cashing out
versus rolling over?

Speaker 4 (49:14):
Jackson, great question, And you know, not owing any man
anything is a wonderful feeling. So if you know, if
you're very convicted of that, then this potentially could be
a good strategy for you. I'm glad to know that
you understand that because you're not fifty nine and a half,
that there would be a ten percent penalty and that
you would have to pay income taxes as well. Okay,

(49:36):
I'm not quite sure what the how much debt you
may have, but let's just say it's fifty thousand or
less dollars. If that's the case, I would say, take
your new job and roll over your four to one
k's that you currently have with your current employer into
the new four one k and you can borrow up

(49:58):
to fifty thousand dollars up and then by borrowing fifty thousand,
you could use that to pay off your debt. And
then when you're paying that fifty thousand dollars back, you're
paying it back to yourself, so you're avoiding the ten
percent penalty and you're avoiding taxation, and you're knowing that
you're going to get a set interest rate on the
money that you're paying back to yourself. So let's just

(50:19):
say to the maximum you can borrow out of a
four to one is fifty grand. So in this scenario,
you've got three hundred grand, roll over one hundred to
the new employer, borrow fifty, pay it back to yourself,
and then the other two hundred let's put into an
IRA that we could professionally manage for you. So just
be aware. I mean, there's a lot of strategies out

(50:40):
there and you can leverage that money. But come on
in and let's put all this down on paper for you, folks.
We will help you weigh through decisions like this like
Jackson is trying to make every day. We put it
into a written plan for retirement, and we show you
your success rate during retirement. By the way, visit retirement
successrate dot com Retirement success rate dot com to learn

(51:06):
how important it is for you to understand how you're
going to succeed in retirement.

Speaker 3 (51:10):
All right, next up, All right, here we go. We've
got a professor who is sixty seven years old. His
name is Ronald, and he is in Columbia and says
he's got five hundred thousand dollars in his four three
b at a mix of pre tax and ROTH contributions.
He's unsure how the rmds will affect his balance. How

(51:31):
can he plan withdrawals to optimize his retirement income?

Speaker 4 (51:36):
Hello, sir, thanks for calling in. Well, what you need
is the RMD roadmap, the required minimum Distribution Roadmap, and
that's a document that's clearly going to define when you
have to take money out and how much you have
to take out. Okay, on the ROTH, your r and
ds are not going to come to play unless you
just choose to take money out of the ROTH. You're

(51:57):
not going to be forced to so on the traditional money,
that balance will decrease by of course, whatever you're forced
to take out. So I think the key thing you
said is planning withdrawals to optimize income, and that's what
we do here as retirement income planning experts. So come
on in and see us. Let's map it all out

(52:17):
for you so you see exactly what it's going to
look like.

Speaker 3 (52:21):
Sounds great, trip, And let's see we've got time for
another one. And it's a sixty five. Let's see, it's Beverly.
She's sixty five years old. She has two hundred and
fifty thousand dollars in treasury and municipal bonds, and let's
see she wants to add corporate bonds for extra income,
but's unsure about credit ratings. How should they evaluate the

(52:43):
credit risk of corporate bonds and what rating range might
be appropriate?

Speaker 4 (52:49):
Hey, Beverly, we only recommend bonds that are A rated
or greater. But I just want to throw out something
to you. I think, in lieu of bonds to protect
your money and be conservative and create income, you should
really understand the green line principle. Check out Greenlineprinciple dot com.
It's a great alternative versus bonds or fixed income securities

(53:11):
because you cannot lose any of your money, you have
guaranteed income for life, and you're dealing with insurance companies
which are highly rated and guarantee you many things. So
that'd be a great alternative to what you're considering doing. Folks,
it's a pleasure to be with you. Thank you for
spending time with us on the road Retirement Show. Hey

(53:31):
tune in next week for another great episode and until
then 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. Either 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.