Road to Retirement 04-12-2025

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, and.

Speaker 3 (01:02):
Welcome in everybody. This is the road to retirement with
Trip lime House min. I'm Steve Souda. All coming up
today in light of all the recessionary fears and concerns
We're going to tackle the big question and what do
you need to know? So are we going to head
into a recession? What does that really mean for your money,
especially if you're heading for retirement or closing in on it.
We're going to dig into it and more right after

(01:23):
this with Trip Limehouse. On the road to retirement.

Speaker 2 (01:26):
Do you want to avoid taking a wrong turn or
your retirement road?

Speaker 4 (01:30):
The road to retirement is a long one and if
you just don't want to make wrong.

Speaker 2 (01:35):
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 (01:43):
It's the perfect dimound to map it out. That road
to retirement is.

Speaker 2 (01:47):
Key, is key, get on the road to financial security
and independence. Just like many of Trip's happy clients in retirement.

Speaker 4 (01:55):
Partners, my money is safe using the green line principle
that you taught me about. Thank you so much.

Speaker 2 (02:02):
Let's get this trip started. It's the roads we're retirement
with Trip Limehouse.

Speaker 3 (02:09):
Hey, welcome on everybody, this is the road to retirement.
My name Steve. Soon I'll trip limehous is your Trip's
been helping folks for a couple of decades and then
some getting to and through retirement, and he is the
guy behind the green line principle. We'll talk about that
right now. That has been really important man. And again
we'll just kind of see where we go today. Trip.
How are you.

Speaker 4 (02:29):
Good morning, Steve, and good morning to all you guys
out there and Radio Land as always a pleasure to
be with you. Thanks for tuning in to the Road
to Retirement Show with Limehouse Financial. Quick shout out to
all my longtime listeners out there. Certainly appreciate you guys,
and keep those comments and emails and phone calls coming.

(02:50):
We love the encouragement that we get from you. And
you're welcome. That's the main thing is you're welcome. You
express all the time how much you appreciate us, and
we we're grateful to hear that, and we just want
to tell you you're welcome. And if you're new to
the show, we'll tune in. Got a great episode. A
lot going on out there, Steve. Isn't there oh it is?

Speaker 3 (03:09):
You know, everybody's talking about recession. That seems to be
the topic of the day, and for retirees and pre retirees,
it isn't. The fear isn't just about the economy, but
it's about security long term. People are asking with my
nest big hold up? But Trip, here's what I what
I find interesting about what you do and the green
line principle and Limehouse Financial. You guys, your clients are

(03:33):
not panicking today no matter what the market does, because
you have a plan set up that takes into account market.

Speaker 4 (03:39):
Swings, the four letter word, what's that? P L A N.

Speaker 3 (03:46):
You got a plan?

Speaker 4 (03:47):
Plan? And you know, I mean there's really two categories
of people out there, those that move into and are
already in retirement that have a plan, and then those
that don't. And even if you don't have one, maybe
you're going to do okay. I don't know. But what
I can share with you is for those that have
a plan, they will fare better. That's just a known facts.

Speaker 3 (04:12):
Steve Sure, absolutely so if you'd like to have folks,
here's a head start eight hundred and ninety four zero
six nine seven nine. And as we look at this,
what do you think should what should we be doing
right now? Trip? Or is the is it just status quo?
Should we not do anything?

Speaker 4 (04:28):
At this point? I think that headlines really affect how
people are thinking about their upcoming retirement or their ongoing
retirement either way. And you know, I think headlines are
just I think they're really important to kind of tie
people into what's happening if they aren't already aware. But
let's just face it, at the end of the day,

(04:50):
you know what makes the news. I don't know if
you guys have ever paid attention to this, but it's
mostly negative things, Okay, very rarely are we hearing about, well, hey,
this dock market is diving, but historically here's what happens
after it dives. Right, you know, we're hearing, oh my gosh,
tariffs and you know they're affecting us, and recession. They're

(05:15):
affecting us. And I'm not disagreeing with that. But what
I am sharing with you guys out there is we
don't need to run around with chickens like our heads
cut off and try to be figuring out what to do.
We need to be smart about where we're going. We
need to be in tune with what's happening. And more importantly,
at the end of the day, folks, you just need
to be working with an expert like myself or like

(05:38):
my investment advisor, Jonathan O'Reilly to ensure that you are
going to weather the storm if you will, and get
to and through retirement. I was watching, you know, some
interviews recently for pretty high you know, positioned people, and
you know, they were talking about tariffs, and this one

(05:58):
gentleman made a point. He said, you know, I know
that people are looking at their retirement accounts. And by
the way, that's the whole subject there, folks. So there's
a difference between an account and a plan. Okay, there's
a difference between an account and a plan. I want
you to know that an account is just where money
is located. A plan gets you to where you want

(06:19):
to go and keep you there. Okay, everybody out there
needs a plan. Eight hundred nine four zero six nine
seventy nine Limehousefinancial dot com Learn how to get your plan.
But this guy was talking Steve about how people are
definitely looking at their retirement accounts, and you know he said,
he said, you know, people need to just realize that

(06:41):
this is a period of time and yes, the values
of their accounts may be trending downwards, but the market,
this was his point. The market is a long term proposition.
It's a long term proposition. The values you're going to fluctuate,
They're going to go up, they're going to go down.
And furthermore, he said, at this point in time, people
who are getting ready to retire, who are that close

(07:03):
to retirement, which is in general, who the people that
Limehouse Financial is working with, those people should be positioned
in such a way that a dive in the market,
whether it's a three or five or nine percent dive
in the market, is not going to derail their retirement.
And that's that's a great point that he made out.
It's like, my god, I should just summarize my whole
life right here. This is what we're talking to people

(07:24):
about on an ongoing basis, is you know that safe
money strategy that we talk about all the time, the
green line principle. I mean, if ever there was a
time to have that, it's now. Folks. You should visit
Greenlineprinciple dot com to learn more Greenlineprinciple dot com to
learn more about how to preserve and protect your money.

(07:45):
You've worked so hard for it. I am in no
way suggesting this be the only thing that you do
moving forward for retirement, but I am recommending that it'd
be a part of your plan. A safe money strategy
puts you in such a position to win. The market
is adjusting like it has been that you're okay with
it because you know you cannot lose any of your

(08:05):
money in this part of your plan. Zero is your hero,
no downside and a lot of upside potential. This is
an excellent way for you to be independent and in
control during retirement. So talks about recession, talks about market volatility,
I mean talks about inflation. These are not new things.
These are things that have happened and will continue to

(08:27):
happen as time moves forward. But what you need to
be doing is taking action by working with an expert
such as myself and my investment advisor, Jonathan O'Reilly to
have a plan built for you that regardless of what's
happening out there, you're going to be standing on solid
ground and Steve, that's the type of work we do
here at Limehouse Financial.

Speaker 3 (08:48):
Sure it is, and you can be a part of it. Folks.
If it's interesting to you, you want to maybe see
what's going on in your life. Eight hundred and ninety
four zero six nine seven nine, that's the number to
give Trip a call. And we've got so much to
talk about. Trip. You know, we talk about the correction,
and there is certainly a correction going on in the market.
Would you call it that?

Speaker 4 (09:06):
Yeah, we're entering almost, you know, a bear market territory
and haven't seen market like this since the pandemic. Folks.
We're going to come back and talk more about that,
but right now, I want to offer the next ten
callers in the next ten minutes, a written plan for retirement,
built by our team of certified financial professionals, no cost,

(09:26):
no obligation to you whatsoever. This is individualized and customized
just for you. It does account for things like we're
talking about today, market downturns, potential recessions, inflation, taxes, et cetera.
You can get it, no cost, no obligation. You must
come in, go through our process to receive this. It's
yours calling right now. Next ten callers in the next

(09:47):
ten minutes. A written plan for retirement.

Speaker 3 (09:49):
Sounds great, Trip. Our goal here at the show is
to help you make the best decisions for you. So
if you do have questions about things we were talking
about today, maybe how it applies in your own situation.
Trip would love to hear from you. Eight hundred nine
four zero sixty nine seven nine. That's eight hundred zero
sixty nine seventy nine. Quick break for us. We're going
to come right back with lots more on the road
to retirement with Trip Limehouse.

Speaker 4 (10:10):
Assassinary fears and concerns. They are real and we get it.
The type of work we do at Limehouse Financial is
keeping you strong, regardless of the environment out there that
you can't control. It's stay tuned to learn more.

Speaker 5 (10:28):
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 six
nine seventy nine, or text trip to ri ipp to

(10:48):
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 nine four zero
six nine seven nine.

Speaker 3 (11:02):
We're back on the road to retirement with Trip Limehouse.
We are cruising along the road today, feeling good, looking good,
having some fun and of course dealing with the little,
a little volatility out there. Trip. I mean, it's amazing,
but I think I think we have to be I
think we have to look to you as a voice

(11:24):
of reason, as a voice of calm to get us
through these rough patches.

Speaker 4 (11:29):
So we professionally manage money here at Limehouse Financial, and
you know, when we're having these conversations with our clients
about their risk tolerance, you know, one of the questions
we ask is, Okay, let's assume that the market is down,
and you know it's down significantly. How long are you
willing to wait for it to return? You know, a year, two,

(11:50):
three years, whatever the timeframe may be. We're really diving
deep to determine a person's risk tolerance, and then we're
assessing their risk tolerance score with zero being super conservative,
unter being aggressive. Where do you fall, folks? You know,
we're taking that into consideration when we're making recommendations for you.
One of the things we always share with you is that, look,

(12:12):
the market is going to change, That's just what it does.
It's going to go up, it's going to go down.
You know, Steve, we had a period of about eleven
years of just positive growth, positive growth, positive growth, and
what did that do? I think it instilled in you know, Americans,
this false sense of security that they really could rely

(12:33):
on the market one hundred percent all the time. And folks,
that's just not the way it works. Okay. You know.
The way it works is having a balanced plan built
by an expert like myself, like my investment advisor, Jonathan O'Reilly,
that includes the possibility and probability of you losing some

(12:55):
of your money but then eventually recovering it over a
period of time. Okay, A plan that includes a safe
money strategy where you can't go backwards with a part
of your money that's on the green line. And I
would encourage you to visit green Line Principle dot com
to learn more. Greenlineprinciple dot com to learn more. There's

(13:15):
so many of you right now there just you're being
overcome by you know, fear or anxiety. Can I retire?
Oh my gosh, I just lost you know, six or
eight percent of my portfolio. How is that going to
affect my future in retirement? Some of you are already
retired and are wondering can you stay retired? Well, you
know you don't need to wonder about that. Anymore, Let's

(13:37):
let's do our work for you and let's help you
through all this stuff. I mean, no, no one really
knows what's going to happen. We're kind of in an
uncharted territory. I mean, have tariffs been around in the past. Yes.
Have we had recessions in the past, yes. Have we
had high tax taxation in the past, sure? I mean

(13:59):
inflation inflation in the past. Sure. I mean, you know,
as a country, we've gone through a lot since inception,
and we continue and we continue to do just that.
But really, at the end of the day, Steve, this
is this is Limehouse's financial take for for folks out there.
It really comes down to regarding the market. You do

(14:19):
not want the market to control your direction on the
road to retirement. So let's just talk for a minute
about how that can happen for people.

Speaker 3 (14:28):
All right, let's do it.

Speaker 4 (14:30):
And it can. It's a slippery slope and it can happen.
Like this. Someone has a portfolio that they don't understand,
like what's in it. They think they're diversified, but are
they really Is there a sector overweight? Are they too
heavily invested in, you know, healthcare, technology or finance or

(14:52):
real estate or I mean the list goes on on
or you know, do they have too much of one holding?
You know? Are you? Are you? You're a big fan
of a certain equity. You know your parents owned it,
now you own it and you own a lot of it.
You know, folks, do you really understand what's in your portfolio?
We can help you with that. It's called the portfolio

(15:14):
observation Report. We will provide that for you at no
cost or obligation. Eight hundred nine four zero six nine
seven nine Limehousefinancial dot Com. Ask us for the Portfolio
Observation Report, no cost obligation, will provide that for you.
So you have to understand what's in your portfolio, or

(15:35):
have even better, an expert like myself and Jonathan O'Reilly,
my investment advisor, go through your portfolio with you, okay,
and explain to you, Hey, this is what you have
and if it's good. You want to hear us say that.
If you don't need to change. You want to hear
us say this is good. Don't change it. But if
you can improve, if you can do better, if you

(15:55):
can go through the storm, if you will and be
sheltered more because you have the portfolio that's built to last,
which is the type of portfolio as we help you with,
then you want to follow that category. So the slippery
slope is not understanding what you own and not understanding

(16:16):
if it's appropriate for you, not having a plan to
get you through, and not having a safe money strategy
such as the green line principle. Hey, I want to
take a second and invite everybody out there to an
upcoming event we have. If there ever was a time
to come and learn more about how to do better
in retirement, it's now. On Wednesday, April twenty third, at

(16:37):
six pm. We're going to be at the Lexington County
Public Library at six pm. This is a no cost
to obligation social security and income planning workshop. We're going
to talk about all the things that we've been talking
about on the show today and a lot more. It's
your opportunity to get to know us better learn more
about how you can be independent and in control during retirement.
Eight hundred nine four zero nine seven nine Limehousefinancial dot Com.

(17:03):
Under the events tab you'll find more information about that.
April twenty third, Lexnon County Public Library, six pm. Be
there or b Square so Hey, I'm thankful that you're
here with us today on the Road to Retirement Show.
We're just having so much fun helping you get to
and through retirement. And how are we doing it well.
We are building you individualized and customized written plans for

(17:28):
retirement that do the job through good times through bad times,
and they allow you to have fun during retirement and
do retirement better. And right now, that's my offer for you.
The next ten callers and the next ten minutes will
receive a written plan for retirement built by our team
of certified financial professionals, no cost, no obligation to you.

(17:51):
This is individualized and customized just for you. You must
come in go through our process to receive this. We
will not email it to you or send it to
you in the mail. Okay, So be one of the
next ten callers in the next ten minutes and get
your individualized, customized written plan for retirement at no cost
or obligation.

Speaker 3 (18:11):
Sounds fantastic, Trips Why we're giving you the opportunity to
review your individual circumstances. As Trip points out, there's no cost,
there's no obligation to help you find out things like
how much risk you might be taking red flags that
could pop up for you down the line. Do you
really know what you're paying in fees or commissions? Well,
it's time you found out. What about potential tax liabilities
and of course a lifetime retirement income plan that includes

(18:33):
maximizing that very important Social Security benefit. Take advantage of
this opportunity. Give us a call right now. Eight hundred
nine four zero six nine seven nine eight hundred nine
four zero sixty nine seventy nine. We are going to
take a quick break. We've got a lot more to
talk about on the road retirement with Trip Limehouse and
it happens right after this.

Speaker 4 (18:51):
Lots of talk out there, fears and concerns. Where are
you with all this? Would you like to know how
to do better? How to you better? How to know
you're on solid ground for your retirement? Well, at Limehouse Financial,
we're here to help stay tuned on the road retirement
show coming up more on just that.

Speaker 6 (19:16):
Getting the right retirement strategy suited to your unique needs
and desires is called hitting the bullseye. 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 bullseye
plan for you. A call Trip Limehouse, host of Road

(19:36):
to Retirement eight hundred nine four zero six 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 (19:55):
We're back on the road to retirement with Trip Limehouse,
enjoying the scenery as it goes as we get closer
and closer to that exit called retirement. Looking forward to
a trip, But boy, there are some bumps along the way.
This market in the last week or so has been
a little, I don't know, a little crazy, can we
say that?

Speaker 4 (20:15):
Yeah? Absolutely, And people wondering is it different this time?
You know it?

Speaker 3 (20:21):
That's a great question. I hear that all the time.
Is it?

Speaker 4 (20:25):
Do we really know?

Speaker 7 (20:26):
I don't know.

Speaker 4 (20:27):
You know, when you hear about you know, we hear
the headline, so you know, the S and P hasn't
performed like this, or there hasn't been a correction like
this since the pandemic, you know, I mean, I can
understand fully, the the emotions that that would invoking somebody
or evoking somebody who's you know, like getting ready to

(20:50):
retire or already retired. You know, I mean it's real.
These are things that are real. I don't know, Steve,
I like to talk about controlling the controllables.

Speaker 3 (21:00):
You know, I don't think.

Speaker 4 (21:02):
I think. I think that's a really important thing. Like
I can't control the market. You can't control the market.
You guys out there in radio land cannot control the market.
I mean, it's gonna do what it's gonna do. It's
going to react how it reacts. And I think this
is a valuable learning lesson for people too though. I mean,
I don't like it when anybody's losing money, and you

(21:23):
don't like it when you're losing money. Nobody likes that.
But it's just a learning lesson that, you know, what
kind of what are the factors that affect retirement? I mean,
like I talk about all the time, legislative changes, they
affect people's retirement. You know, the Cares Act, when it
was signed into existence as a result of the pandemic,

(21:47):
it added a trillion plus dollars to national debt. The
inflation Reduction Act when it was signed into existence, the
same thing over trillion dollars to the national debt. The
Secure Act. Now there's been a Secure Act two point
zero that's been passed. You know that it fundamentally changed retirement.
I mean it seems like a simple thing, but it
eliminated the the stretch ira, you know, for for non

(22:11):
spousal beneficiaries. Now you have ten years if you inherit
an ira, you have ten years to pay taxes on it.
Versus before the Secure Act past, you could inherit an
ira as a non spousal beneficiary and you could pay
taxes the rest of your life on that money. So, folks, tariffs, inflation, taxation,

(22:31):
legislative changes, I mean, global conflicts. The list goes on
and on and on of things that we cannot control,
but they just certainly, most certainly affect our retirement. So
it seems like an ongoing theme this show, which is
quite a good theme, I do believe, is what can
we do about all that? Okay, so good question. You

(22:53):
know what can so I say? I would say, let's
not panic all right, let's not panic all right, Let's
get it. And I would say that right now, could
be the most opportune time to take advantage of the
growth that you have experienced in the market and make
it work for you from this point forward. Now, how
do you do that? Well, one way is the green

(23:14):
line principle. I mean, if ever there was a time
to be talking about it is now because the market
is down and people are wondering, how can I preserve
and protect my money? Okay, well this is one way
we can help you, the green line principle. Visit it
on the web Greenlineprinciple dot com, Greenlineprinciple dot com. What
is it? It's a safe money strategy where zero is

(23:38):
your hero and you have a lot of upside potential
no downside at all. So again, it needs to be
a part of a person's plan. See not everything, and
staying the course is so important, you know, being an
emotional investor that hurts people. It's just like, I have
so many stories of people who have come in and

(23:58):
anytime somebody says I used to have, oh my gosh,
I know I'm about to hear a story. You know, yeah,
sure I used to have. That's never a good thing,
and I get it, right, But folks, staying the course
with your money in the market is important, it really is.

(24:20):
And what allows you to do that, Well, when you
have a plan built like an X built, you know,
buy an expert like myself or like my investment advisor,
Jonathan Riilly, you know, build it for you, then you
fare so much better. I'm not saying you don't lose money.
I mean our clients recently, Steve they've lost money. Now

(24:42):
they're for part of their plan, the safe money strategy.
Guess what, they have not lost any money. But for
other part that's professionally managed by us, yes, they have
lost money. Will it come back? I do believe so.
Will it happen overnight? I don't know. Maybe it could,
Maybe it could be a rebound. You and I were
talking about the last correction. Yeah, to tell what were

(25:04):
we saying?

Speaker 3 (25:05):
Well, yeah, we're talking about the corrections. And there have
actually been twenty seven market corrections since nineteen seventy four.
That's in the S and P and that's the you know,
we've watched that a lot. So what that means is
twenty one out of twenty seven times the correction has
ended in a.

Speaker 4 (25:23):
Bullmark, which resulted in a strong comeback.

Speaker 3 (25:26):
Right, real strong comeback. You know, certainly higher than what
it was before it started to drop. That's the case
twenty one out of twenty seven times.

Speaker 4 (25:33):
So in the last fifty years, what we just said
was there's been twenty seven market corrections, right, and twenty
one of those twenty seven when they came out of it,
the market ended up a bull market. That just goes
to show folks being an emotional invester making changes. Pulling
money out of the market is not necessarily a great strategy.
There's also something I'm concerned about for people out there, Steve.

(25:55):
Sequence of returned risk.

Speaker 3 (25:58):
Oh boy, if ever there was a time to be
worried about that, it's now.

Speaker 4 (26:01):
Yeah. I mean, there's a lot of people that are
just solely relying on their portfolio to generate income for them.
So let's just say they're taking out four percent. That
seems to be a pretty common number. Well, if the
market is down sixteen percent and you're pulling out four percent,
now you pulled out twenty percent, and this sequence of
returns risk is really affecting you because who knows how
long it's going to take for you to get the
twenty percent that you took out back recovery risk is real, folks.

(26:23):
It's the number one risk you face during excuse me,
the number two risk you face during retirement. Number one
is running out of money. Recovery risk is also controllable.
How long will it take you to get the money
back once you lose it? Well, as a client here
at Limehouse Financial, that's something that you're going to definitely
wonder about. But you're not going to lose sleepover because
we have built a plan for you that's going to

(26:43):
help you get through times just like these that we're
in now. Good news, folks, for the next ten callers
in the next ten minutes, you can have what I
just described a written plan for retirement built to last, okay,
and we'll put it together for you, no cost, no obligation.
If ever there was a time to get this, I
think now would be it. Next ten callers in the
next ten minutes will receive a written plan for retirement

(27:06):
at no costs or obligation. We will not mail this
to you. We will not email this to you. You
must come in sit down with us, go through our
process to obtain this, and it will be for the
better for you and the future.

Speaker 3 (27:18):
Call in right now, eight hundred nine four zero sixty
nine seven nine. That is the number. It's a courtesy service,
no cost, no obligation, just to help educate you and
enlighten you on where you are in retirement and how
you can get there. Eight hundred ninety four zero six
nine seventy nine. Eight hundred nine four zero sixty nine
seventy nine Quick break for us. We're back. We've got
more on the road to retirement with Trip Limehouse right
after this.

Speaker 4 (27:39):
You've worked hard for your retirement, but if you're not careful,
your nest egg could be drained by sneaky little expenses
lurking in your everyday life. We call them budget vampires.
Here's how to spot them, and more importantly, how to
keep them far away from your golden years counting up neck.

Speaker 3 (28:06):
This is such a blow to invest Do it right now.
Brater was Yourse Wall episode.

Speaker 8 (28:12):
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 six nine seven nine.
We've made it easy for you to take advantage of

(28:34):
this fantastic offer. All you have to do is call
her text Trip to eight hundred nine four zero six
nine seventy nine.

Speaker 9 (28:41):
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 and eight
hundred nine four zero sixty nine seventy nine, or text

(29:04):
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 (29:20):
We are back on the road to retirement with Trip Limehouse,
cruising along today, having a good time, enjoying the ride.
And boy, we're certainly talking a lot about, you know,
what's going on in the market, what's happening, how it's
affecting us, And they're really bottom line is Trip, there's
really nothing that we need to be terribly concerned about

(29:41):
right now.

Speaker 4 (29:41):
Yeah, current current events. We've been talking about headlines, current events,
and you know, I just think an awareness is healthy
for people. But you know, there are some that just
get so wrapped up in headlines, and the headlines are
always negative, you know, always yeah, I mean always negative.
Amy and I will watch the Today Show in the
mornings and have coffee. And by the way, Honey, I

(30:03):
love you so much, and that's one of my favorite
parts of the days, just hanging out with you, enjoying
a little coffee, watching a little TV, holding your hand.
You're the best, and thank you for all you do.
She she keeps me straight, keeps me leveled, or and
all this because I have a genuine concern for my clients,
you know, who are who are losing money at times.
And but she reminds me, trip, you know, you have

(30:26):
built your client's plans that are built the last that
are strong plans that include a safe money strategy. So
give yourself credit for how you're helping people. And I say, thanks, honey.
So but you know, I mean I think I like,
I was just watching them, you know, recently, and they
were just harping on millions of Americans are you know,

(30:49):
losing trays of dollars in their four one ks. Okay, well,
well yeah, if you lump everybody together in one big number,
of course we're gonna say there are millions of people
losing money, and yeah, it is real, it is real.
But you never hear them talk about what we mentioned
in the last segment that the market has corrected in

(31:09):
the last fifty years twenty seven times, and twenty one
of the twenty seven times after it corrected, it ended
up going back up and being great for people. And
they never tell you that the people who stay the
course with their investments do better than do much much
better than the people who pulled out at the wrong time.

(31:31):
And you know, said, I can't take this anymore. You know,
I don't want to lose any.

Speaker 3 (31:35):
You know, and it can sell y you don't want
to do Yeah.

Speaker 4 (31:37):
That's right. So anyway, I'll go back to the retirement
successrate dot com. Folks, visit that retirement successrate dot com
to learn more. You know, when you understand truly your
retirement success rate, then you know you're gonna be okay

(31:58):
even when the market goes down and steve something that
we do when we build plans for people, as we
account for the market correcting and going down because we
know that it's going to overtime. As a matter of fact,
we tell people you probably will at some point lose money,
you know, with what's going on in the market, and
then we'll come back up. But you know, we just
we love it when we do reviews with our clients,

(32:20):
which we do on an ongoing basis, and they say,
you know, what, things have been going well, and I
know that when things don't go well, this green line
principle strategy that you've helped me with is going to
really save my overall plan if you will strategy and
able me to be successful. So I think people right
now are really wondering what to do. Well, the first

(32:42):
thing is we just have to have a plan, folks.
We can help you. That's what we do here at
Limehouse Financial. We build plans for you from a fiduciary capacity,
only making recommendations in your best interest. We build plans
for you, okay, and those plans get you to and
through retirement, even when things aren't good, even when legislation
affects you, even when tariffs affects your you know, taxation, inflation,

(33:06):
list goes on and on. We want to focus on
controlling the controllables, and we want to teach you how
to do just that because the rest of the stuff
is going to just happen. We can't control global conflicts
and legislative changes and on and on and on. We
just can control the things we can control. And for
those of you that choose to do that, you're going
to have a better retirement. So to learn more about

(33:29):
a better retirement, visit limehousefinancial dot com and poke around
our website learn how we help you. Also, there's a
lot of people out there that are wondering what to
do right now to do better in retirement, and I
want to invite invite you to an upcoming workshop we
have on Wednesday, April twenty third. It's going to be
at six pm at the Lexington County Public Library. And

(33:52):
this is a no cost, no obligation event. We'd love
to see you at the library on Wednesday, April twenty
third at six pm, Lexning on a public library, a
social security and income planning workshop, no cost or obligation
to attend that give us a call let us know
you're interested. We'll get you on the roster. Eight hundred
nine four zero six nine seven nine. But folks, I

(34:15):
just want to continue to encourage you, as we had
a lot today on the show. You know, don't don't
fret be aware. I mean, could we be facing our session.
Sure are all the things that are happening out there
changing your balances in your in your accounts more than likely.
But that's okay because this is a long term proposition

(34:36):
and also the importance of working with an expert like myself,
like my investment advisor, Jonathan o'illy, is that we help
you to stay on track. We help you to not
be an emotional investor. We don't want you to come
in and say I used to have. We want you
to leave here and tell your friends guess what I have.
You know, I've got a plan. I'm going to be okay,

(34:58):
And this whole thing of well I've lost you know,
two or three or nine or twelve percent of my portfolio?
Am I still going to be able to retire? What
if we could show you that you still could retire
even though you have lost money. How would you like that?
I mean, that would be great. I think Steve to
tell somebody.

Speaker 3 (35:15):
I would like that, So go ahead tell me how?

Speaker 4 (35:18):
Yeah, what can I do. It's really easy. I mean
eight hundred nine four zero six nine seven nine limehouse
financial dot com. Just get on our calendar. It's always
no cost, no obligation, and we're here to help you
get to it and through it. I love it when
we sit down with people. I mean, it happened about
three weeks ago. The gentleman came in. He's like, and

(35:40):
this is before the market started really going down. He's like,
I just don't think I have enough money saved to retire.
And we said, well, you know, income determines outcome during retirement.
He said, I never really thought about that. I said, yeah,
it does. So he had a pension, social Security and
seven figures in his portfolio, yet he still didn't think
he could retire, and his thing was he really wanted
to maintain his life. Well, we did the analysis for

(36:02):
him and we built him the written plan for retirement,
the retirement roadmap as we so call it, and had
him back, made recommendations, and we showed him his retirement
success rate was ninety eight percent. He was going to
be able to maintain his lifestyle, not change anything, still
have a fantastic income during retirement, Utilize those retirement savings
and we brought him on as a client. But you know,

(36:24):
that was a guy that thought he couldn't retire because
he didn't have enough money. And that was not an
irrational thought. I mean it was rational, but he just
needed guidance from an expert like myself to say, hey,
we've done the analysis for you, we built the plan
for you, and your retirement success rate is high and
you can't retire. He was very happy to hear that.

Speaker 3 (36:43):
Well, yeah, well that's good. You do all the heavy
lifting for us.

Speaker 4 (36:45):
Yeah. Well, I mean he did the heavy lifting, saving, saving, saving, saving, saving.
I mean he took him thirty five years to save
that seven figures, you know. But unfortunately for him, this
was a guy who said, this is what I like
the plan you've given me. I understand it and I'm
comfortable with it. And he asked us what do we
do next. We brought him on as a client that day,
set up some iras, rolled over some four to one k's,

(37:07):
et cetera. And this guy for the money that went
into the safe money part of his strategy, the green
line principle. This is a guy that now locked in
his money and he can't go backwards. Even though the
market has changed, you know, recently, so you know, it's
just a happy, happy client. You could be two folks
eight hundred nine four zero six nine seven nine. So

(37:31):
you know, we were talking about budget vampires in that sucks.
There's a lot. It does suck. Good, it does suck.
Nobody wants to encounter a budget vampire. But there's a
lot of them out there, you know what I mean.
We've got everything from high utility costs to insurance policies.

Speaker 3 (37:47):
Again, let's talk about insurance for a second, because I
mean my own experience about three months ago, I did
that analysis. I looked at my car insurance, I looked
at my homeowners. Guess who's saving six hundred bucks a month?
And that's quite And that's that's not an exaggeration about them.
The amount.

Speaker 4 (38:01):
Yeah, that's quite. That's quite a thing. I mean, here's
how it bites as a as a as a budget vampire. Okay.
I mean a lot of people out there, Steve, are
continuing to pay for things like life life insurance or
car insurance umbrella policies and they might not need them
any longer, or maybe, like you just said, you know,

(38:22):
you could get it for less elsewhere. So, folks, here's
what to do about it. Just make sure that you
don't put this on the back burner. Evaluate each policy
on an annual basis, okay, and then you know, drop
or reduce coverage where it's appropriate, especially life insurance if
your kids are growing and self sufficient. Although life insurance
should be at times viewed as its own asset class

(38:44):
and really could enhance retirement. We talk about that on
the show. So I would say, before you drop a
life insurance policy, make sure you ask us about it,
to make sure because once you drop it, it's gone.
You can't get it back, you know. We want to
make sure it's an appropriate decision, you know. But sometimes
bundling is a great way to you know, to get
policy policies all under one company to get better discounts.

(39:05):
So and then a pro tip, if you will, would
be to ask whoever you're doing business with for those
property and casualty policies about age related discounts. And some
some companies offer them but just don't advertise.

Speaker 7 (39:20):
You know.

Speaker 4 (39:21):
So how about banking fees, that's a that's a that's a.

Speaker 3 (39:26):
Budget, that's a reality a budget we're seeing and I
think We're seeing banks, you know, increase those fees sometimes
you don't even notice.

Speaker 4 (39:34):
Yeah, and how does it bite like a vampire? How
does it suck? How does it suck your your you know,
money away from you? Well, maintenance fees like you just said,
I mean, they they're there, and hopefully this isn't the case.
It's uh, you know, surely not for the majority of
our clients. Overdraft charges and it can happen to anybody,

(39:56):
you know, but that could be a big sucker. And
and then just minimal interest pennies of interest to you know,
it's just kind of money down the drain. So what
would I say to do about that? About banking fees
and low yield accounts? Well, look online, uh, look at
credit Union accounts with no fees and and maybe some

(40:16):
higher yields. They seem to be trending that direction to
credit Union. Steve, what do you think I mean? Yeah,
I agreed, Yeah, I guess. Uh, you're different than some
of the larger banks out there. And the money is
still ensured too, like the fd I C. It's it's
credit Union backed, you know, you know, so you're you're
you're good there and probably that system has more money

(40:38):
than the fd I see, I don't think the fds
C really has any you know. Also, like, have you
got idle cash, Let's look at high yield savings or
short term CDs, you know, uh, you know. And then
a pro tip here for you would be just to
automate transfers to savings. Automate your your transfers to your savings.

(40:59):
You'll be surprised how faster your money grows when you're
not thinking about it, you know. I think as well,
working with an expert like myself, like Jonathan O'Reilly, we
always have tips on how we can help you to
do better and avoid these these budget sucking things that
can happen. I think healthcare is another one. Steve, we

(41:20):
need to just touch on real quick. Okay. You know
it's newsflash. Medicare doesn't cover everything.

Speaker 3 (41:26):
It sure doesn't.

Speaker 4 (41:27):
It doesn't. And folks, you're gonna have unexpected medical expenses
that come up and they could wreck your budget. They
could be a budget vampire, you know, sucking money away
from you. So what can you do about it? Well,
just understand what Medicare covers and what it doesn't, you know,
that's one of the areas we help you with Here

(41:47):
at Limehouse Financial, we help you with Medicare. We're holistic planners, folks.
We function from a fiduciary capacity, only making recommendations in
your best interest. We can help you with Medicare. We
can ensure that you have the best coverage, but you
need to understand what it does cover what it doesn't,
and you definitely should have the right coverage such as

(42:09):
a metagapp policy at medicareor supplement policy or maybe even
a Medicare advantage plan. So also just stay on top
of preventative care. That way you're avoiding bigger issues later on.
So there's a lot of ways that we can help
you with this. The pro tip here would be just
check if you qualify for the Medicare Savings program. It

(42:32):
can help cover premiums and out of pocket cost. In general,
the people we're working with are have assets sufficient enough
and income sufficient enough where they might not qualify for that,
but there are some of you out there that potentially
could qualify for it. All right, well, we're just having
fun helping people here at Limehouse Financial. Visit us on

(42:52):
the web at limehouse financial dot com. Check out Greenline
Principle dot com. To learn more about a safe money
strategy where you can protect and preserve what you've worked
so hard for and not have any risk. It's that
time right now, folks. Protect and preserve, Protect and preserve.
The green line is one of the ways that you
can do that. Also, one of the ways that you

(43:13):
can make sure that you avoid some of these vampire
budget sucking things that we've been talking about is by
coming in to see us and getting your written plan
for retirement. That's the all for now. For the next
ten callers in the next ten minutes, it's a written
plan for retirement, built by our team of certified financial professionals,
no cost, no obligation to you, individualizing, customized just for you.

(43:37):
But you must call in now. The next ten callers
in the next ten minutes, you're going to get that
written plan for retirement.

Speaker 3 (43:43):
And it's advice like that that shows you just how
important it is to meet with a financial coach like Trip,
somebody who truly understands the ins and outs and ups
and downs of the financial world. Take advantage of the
opportunity make sure that you're on the right path. That
path is based on your risk preferences, your budget and
of course your goal rules eight hundred ninety four zero
sixty nine seventy nine. Eight hundred nine four zero sixty

(44:04):
nine seven nine quick break for us. Another segment to
go here on the Road to Retirement with the Trip
Line House.

Speaker 4 (44:09):
We've been having a great time today on the Road
to Retirement show. We're going to wrap up doing just that,
answering your questions. We've got questions from listeners and more
when we come right back.

Speaker 5 (44:26):
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,

(44:49):
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

(45:09):
and nine four zero six nine seventy nine or text
Trip to RiPP 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 and ninety four zero six nine seventy nine.

Speaker 7 (45:25):
If bad money habits to strain your financial progress, it's
time to alter your behavior. Here's another bad money habit
to break, being financially illiterate. The financial world can be
extremely complicated, and most people don't rush home to read
the latest financial news. But knowledge is powered, and some

(45:45):
knowledge of the financial world can be empowering. Now we're
not talking about getting a degree in economics from Harvard,
but reading an article online every day can greatly increase
your financial understanding. Many are very interesting and the search
is not hard at all. Online news feeds are so intuitive.
Once you click on one story, more and more will come.

(46:08):
It's amazing how a daily read will turn on that
financial light bulb in your head, and article or two
by day will keep the bad money habits away.

Speaker 3 (46:24):
We are back on the road to retirement with Trip
Line House been a fun ride today. Trip has always
giving us a smooth ride, avoiding all the detours and
the bumps in the road. Getting us to a retirement,
which is where we want to be. And Trip's been
doing just that for better than twenty years helping folks.
We've got a lot of great questions today, Trip remind
everyone those Speaking of questions, you get a lot of
questions that you're seminars too, and I know you've got

(46:46):
one coming up.

Speaker 4 (46:47):
Oh thanks so much Steve for the teamwork of reminding
our audience about that. Yes, yes, oh yes, we do. Folks.
I'd like to invite you to an event we have
coming up Wednesday, April to twenty third at the Lexington
County Public Library. This is a social security and income
planning workshop, no cost, no obligation. We'd love to see there.

(47:10):
Come on out and learn more about how you can
endure times like we're going through now, where there's talks
about recessions and where there's tariffs, and where the market
is just on upheaval. I mean all that. We were
gonna talk about that and a whole lot more. We're
gonna teach you how you can get to retirement and
do better in retirement. Wednesday, April twenty third, six pm,

(47:32):
Lexington County Public Library. Come on out and see us
eight hundred nine four zero six nine seven nine. Steve.
Before we get in these questions, I do want to
just kind of recap. On today's show, we talked a
lot about the things that are happening out there. Specifically,
these tariffs have really kind of caused the market to
be an uproar. People have lost money, They're wondering what

(47:55):
to do, you know, I mean, there isn't There isn't
like a you know, one definite thing that's gonna make
everything be better. There's a bunch of stuff that can
make everything be better, folks, you know, taking advantage of
our offers that we that we give. That's one key
thing that can help you do better and go through

(48:16):
these you know, changing times much easier and feel better
about your retirement, you know, by just simply getting together
with us and having that written plan retirement, you know,
utilizing the green line principle, the safe money strategy where
zero is your hero. You can't go backwards. You have
a lot of upside potential. I mean, you know, imagine this,

(48:37):
the market's down like it has been, but you have
a part of your money in a place where you
cannot lose. How good would that feel? Visit green Line
Principle dot com to learn more, ask us about the
safe money strategy. We want to help you, okay, And really,
I think at the end of the day, just having
an expert like myself, like my investment advisor Jonathan O'Reilly,

(48:58):
on your side, working with you on an ongoing basis,
that's going to really make the difference for you moving forward.
So hey, once again, thanks to all my longtime listeners
out there. Great to be with you guys again, certainly
appreciate you. And if you're new to the show, welcome in.
Make sure you check us out on TV. We're on
three different stations over the weekend. We're on Channel ten,

(49:19):
Channel twenty five, and Channel nineteen twice on Saturday and
once on Sunday, The Road to Retirement TV Show. And
also if you want to go back and listen to
any of these episodes, you can do so on Spotify, Google, Apple,
my Heart Radio, wherever you would stream your podcast or whatnot.
The Road to Retirement Show. So Steve, let's get into

(49:40):
these questions.

Speaker 3 (49:41):
So yeah, absolutely, we got a first one here. It's
from Donna in Columbia. Donna says a public she's a
public sector employer, now she's got seven hundred thousand dollars
in her four H three B wants to make a
qualified charitable contribution a QCD directly from their account. Now
wondering if qcds apply to four H three B accounts

(50:03):
or if they need to be rolled over into an IRA.

Speaker 4 (50:05):
First, Hey, Dona, great job saving and welcome into this show.
Thanks for being a listener. Hey continue with that great savings.
I mean you're you're doing stellar there. The answer is
you have to roll money into an IRA and then
do the qualified charitable distribution directly from the IRA. It
cannot be done from a four H three B. So

(50:27):
we'd like to work with you and help you learn
how to, you know, better facilitate charitable giving and qualified
charitable distribution is one of those We do those often
with our clients here at the office. But really, Donna,
if you're fifty nine and a half or older and
that seven hundred that you have there in the four
H three B, you know, more than likely we could

(50:47):
set up an IRA, roll it over, roll over your
four three B money into it, and then now you've
gone from having an account to having a plan and
you're moving forward and being more successful. So come on
in and see us and we'll help you. That that
sounds great.

Speaker 3 (51:01):
Eight hundred nine four zero six nine seven nine. Donna
give us a call. We'd love to hear from you.
Melvin has checked in Melvin's in case, and he says
he has inherited an annuity from a parent and he's
unsure of their distribution options. They want to avoid a
large tax burden and wonder if they can spread out
payments over time. What rules apply to inherited annuities.

Speaker 4 (51:25):
Hey there, Melvin, good, good to have you on the show.
You know, there is this thing called a stretch annuity
and it works for non qualified annuities. We can help
you with that. You know. We would take the benefit
from the existing annuity that was inherited and put it
into a new annuity into your name, and then we

(51:45):
would stretch out the taxes over time. Otherwise, when you
do inherit an annuity, you're going to have to pay
the taxes on the gain. So if your parents started
out with one hundred thousand, they left you three hundred thousand,
and then two hundred is going to be taxable. But folks,
good news, there's a way to counter this and it's
called a non qualified stretch annuity and we can help

(52:06):
you with that. So Melvin, come on in, let's see
if it's not too late for you to make that happen.

Speaker 3 (52:11):
Sounds good. I've never heard of that trip. I'm glad.
I always learned things listening to you. That's Melvin. Do
give us a call. It's eight hundred ninety four zero
six nine seven nine. Here we go. Jane is in
Newbery says she is retired and she wants to use
her IRA to make charitable donations, but isn't sure if
they qualify for a qualified charitable distribution. How does this

(52:34):
strategy work and what are the benefits? Yeah, we just
had that question.

Speaker 4 (52:39):
Mar Yeah, yeah, Jane. It's that time of year two
people want to give, especially before the tax their finance,
their taxes. Everybody qualifies for it. If you have an
IRA that has money in it, you can give out
of it to any charitable organization and then when the
money comes out, it goes directly to that charitable organization
and it's not taxable to you as income. Also, this
is a great way to satisfy a requirement distribution. So

(53:01):
we'd love to see you and help you with that, folks.
This 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 at no
cost or obligation to you. But you must be one
of the next ten callers in the next ten minutes
to receive this written plan for retirement at no cost
or obligation. Hey, eight hundred and nine four zero six

(53:23):
nine seven nine is the number. Limehouse Financial dot Com
is where you find us on the web. It's been
a great show. Thanks for spending time with us. We
really look forward to being with you again next time,
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. 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.