Road to Retirement 04-19-2025

Episode Transcript

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

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

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

Speaker 3 (01:02):
Hey, welcome on everybody. This is the road to retirement
with Trip Limehouse. All right, let's chat about navigating this
roller coaster of a market. As you are nearing retirement,
can definitely feel a little unsettling, but there are some
smart moves you can make to protect your nest egg
and keep it growing. Think of it like this, We're
just making sure your ship stays steady even when the

(01:22):
waves get a little choppy. What do you think, trip
waves a little choppy for you?

Speaker 4 (01:28):
You say it all the time, smooth, silent here on
the road retirement.

Speaker 3 (01:31):
As right, That's what it always is.

Speaker 5 (01:33):
That's what we're doing. Folks, Stay tuned.

Speaker 4 (01:35):
We've got a great show coming up or helping you
navigate the choppy waters. Whether you're about to be retired
or already or are there, We're going to have fun
and make sure you do too.

Speaker 5 (01:47):
Coming up.

Speaker 2 (01:48):
Do you want to avoid taking a wrong turn on
your retirement road?

Speaker 4 (01:53):
The road to retirement is a long one, and if
you just don't want to make wrong.

Speaker 2 (01:57):
Wrong, well, buckle up. We're getting ready to take a hirement.

Speaker 5 (02:00):
Road trip together.

Speaker 2 (02:02):
It's the road to retirement with Trip Limehouse, it's.

Speaker 5 (02:06):
The perfect amount to map it out. That road to
retirement is.

Speaker 2 (02:10):
Key, is key to get on the road to financial
security and independence. Just like many of Trip's happy clients
and retirement partners.

Speaker 4 (02:18):
My money is safe using the green line principle that
you taught me about.

Speaker 5 (02:22):
Thank you so much. Let's get this trip started.

Speaker 2 (02:26):
It's the Road to retirement with Trip Limehouse.

Speaker 3 (02:32):
Hey, welcome in everybody. This is the road to retirement
with Trip Limehouse. Trip is the guy behind the green
line principle. We talk about that every week. He's been
helping folks for a couple of decades and more. You
will find him at Limehouse Financial, limehouse financial dot com.
Always a fun time, Trip, always a pleasure. This is
a this is gonna be a fun show. We're going
to talk about some very important things, although we'll have
fun in the process.

Speaker 4 (02:53):
Yeah, we always try to keep it light and flubby.
But there's a whole lot moving and shaking out there.
Things that are very relative to everyone really, but in
particular those who were about to exit, as we so say,
on the road to retirement journey, and even those who
are already there. I mean, people are just wondering what
am I going to do? How am I going to
navigate through this? Am I going to be okay? I

(03:14):
mean a lot of people that are calling into the
show right now, which, by the way, folks, we welcome
your call. Eight hundred nine four zero six nine, seven
nine Limehouse Financial dot Com. But a lot of people
who are calling in the show right now, are you know,
sharing with us a concern are they going to be
able to retire? And we're saying, hey, don't worry, You're

(03:34):
in the right place now. For some out there, Steve,
that will be the case. They might not be able
to with current market conditions and other factors as well.
But for those who you know, have really accumulated, well,
even with these little bumps or big bumps in the market,
you know, we're still seeing a lot of success helping people.

(03:55):
That's what we're doing, getting people to and through retirement.
So hey, let's get the show started with some insight
from Jamie Dimmon. He's the CEO of JP Morgan Chase,
and we got a little sound bite for you guys
out there. He's reacting to the stock market and tear IFFs.

Speaker 5 (04:12):
Here we go.

Speaker 6 (04:13):
I'm taking a calm view, but I think it could
get worse if we don't make some progress here. And
of course, you know trade wars you saw in China,
raise the raisin and people get angry and they're gonna
have responses, and every country's got choices, So there are
short term choices, there are long term choices. And I
also want to point out if you kind of look
forward in the next you know, sixty days, every company

(04:34):
is going to be telling you guys, you know what
it means to them.

Speaker 3 (04:37):
Sure, and again that's that's exactly right. I mean, I
think that's how it's going to play out. I mean,
Jamie Diamond is a guy that really certainly makes himself
known president of JP Morgan Chase, and he did say that,
you know, admitted trade deals are complicated, but let's wait
it out and see.

Speaker 6 (04:54):
I also want to point out to the Americans, we
have the best of crime in the world. Our GDP
person is eight five thousand dollars, China's is fifteen thousand dollars.
So you got to put a little bit into context.
But you know, and then of course when they put
the tariffs and these weighed me on what people expected
that will causal inflation, slow down growth. Trade deals are
very large and very complex. They can't be done overnight,

(05:16):
but you really have to have teams working them to
get them right.

Speaker 3 (05:18):
Absolutely, and again that's kind of what's going on now.
Trip What do you think, what's your what's your take
on what he's talking about here.

Speaker 5 (05:24):
Yeah, I think you know, he talks about to get
them right.

Speaker 4 (05:27):
And what does it mean to the companies out there
that are having to, you know, encounter this. I mean,
it's all passed down obviously to us as consumers, and
I mean even I have felt it recently. Is my
middle daughter, Allison, is getting married in March of next year,
and we just did some shopping for a wedding dress

(05:47):
and when we went to check out.

Speaker 5 (05:50):
The lady said, and by the way, there is a
tariff on this.

Speaker 4 (05:52):
And I was like, yeah, I probably expected that and
fortunately it wasn't that bad. But you know, what do
you do about it? And she said, if by chance
things get reversed, you'll get this money back. I said,
probably not likely. So you know, I mean that was
just a small example of you know, me experiencing it,
and I know you guys out there are going to
experience it as well, you know, Steve, When I think

(06:13):
about all that's happening out there, I just, you know,
what comes to my mind is that there's just so
much that we cannot control, right, I mean, we just
cannot control these things. We cannot control income tax rates,
we cannot control inflation, we cannot control legislation, we cannot
control tariffs. So you know, what what is one supposed

(06:36):
to do well? We talk about it often at our workshops.
And by the way, folks, we're having a workshop this Wednesday,
April twenty third, at six pm at the Lexington County
Public Library.

Speaker 5 (06:46):
It's a social security.

Speaker 4 (06:47):
And income planning workshop, no cost, no obligation. Would love
to have you with us this Wednesday, April twenty third,
six pm, Lexington County Public Library. Or a Social Security
and Income Planning workshop. You must call eight hundred nine
four zero six nine seven nine UH to make your
reservation for that. If you'd like to attend, or visit

(07:08):
Limehouse Financial dot com under the events tab you can
register and see where we're gonna be in the future.
But Steve, at the events, you know, we talk about, UH,
let's focus on controlling what we can control, uh, you know,
from this point forward, and we teach people on an
ongoing basis how to do just that. And one of
the things that people can control is their you know,

(07:30):
their decision to you know, pick up the phone and uh,
you know, call in and schedule you know, UH, no
cost to obligation time with us to help them navigate
through all that's happening. And at the end of the day, Uh,
you know, it comes down to and we keep talking
about it, keep talking about it because it's what it is.
What it comes down to. It's the four letter word,

(07:51):
the P, L, A N. The plan and folks, you
just you you need to have one in place. And
that's what we do here at Limehouse Financial is we
build plans to get you tune through retirement. And I'm
thinking about volatility in the market right now, Steve, and
there's a there's a great way that people can ensure
that the stock market doesn't control their direction on the

(08:14):
road retirement. You know where I'm going with this one,
right Sure, it's the GLP as we so call it,
the Green Line principle. I think it's one of the
best times for people to really wrap their arms around it,
embrace it, understand it, and implement it into you know,
their overall plan. It doesn't need to be the only thing,
but a part of their plan. Why I mean, I

(08:35):
don't know, I don't I don't want anything to control
my direction.

Speaker 5 (08:38):
Do you no or not? Yeah?

Speaker 4 (08:40):
I like like choosing, Hey, this is what I want
to happen.

Speaker 5 (08:44):
Right, Well, I likes Yeah, I like options. It is
a choice too.

Speaker 4 (08:48):
The green line principle, folks, it's a safe money strategy
where zero is your hero. You cannot lose any of
your money, and you have a lot of upside potential.
Uh and again, what what better time than now to
have a safe money strategy. Okay, you're out there, you're
wondering can I retire? You're observing all of the things
that are very real that are happening. We're going to

(09:10):
come back and continue to talk about more of those
in a moment.

Speaker 5 (09:13):
You know, I get it.

Speaker 4 (09:14):
We're talking with people just like you every day about
this this stuff, and more so I understand how you
think about it and how you feel about it, and
it's very real. But I also have been doing this
for over two decades, and I have experienced similar things
in the past with clients who have made it through
on the other side and they're doing just fine in retirement.
They're enjoying retirement. And one of the reasons they're enjoying

(09:37):
retirement is because they implemented the green line principle. Visit
Greenlineprinciple dot com. Hey, folks, I've got an offer for you.
This is for the next ten callers in the next
ten minutes. This is for a written plan for retirement,
built by our team of certified financial professionals, no cost,
no obligation to you. It's individualized and customized. We're not

(09:57):
going to just mail it to you or email it
to you. You must come in go through our process
to receive this. Next ten callers in the next ten
minutes will receive a no cost, obligation written plan for retirement.

Speaker 5 (10:08):
Call in now and it's yours.

Speaker 3 (10:09):
Sounds like a planned trip eight hundred nine four zero
six nine seventy nine. That's the number goal here at
the show, helping you to make the best decisions for
you when it comes to your retirement. So, if you've
got questions about what we're talking about, maybe how it
applies in your own situation today, call Trip right now.
Eight hundred nine four zero six nine seven nine eight
hundred nine four zero sixty nine seventy nine. Quick break
for us. We're back with more on the road to

(10:30):
retirement with Trip Limehouse right after this.

Speaker 4 (10:32):
We are talking about helping you to navigate this roller
coaster of a market as you're nearing or are in retirement,
We're gonna come back and talk about that and a
whole lot more coming up next on the Road to
Retirement Show.

Speaker 7 (10:51):
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 complementary, no cost,
no obligation consultation with a local, trusted financial coach called
Trip Limehouse at eight hundred and nine four zero six
nine seven nine, or text trip to ri ipp to

(11:12):
eight hundred and nine four zero six nine seven nine.
That's eight hundred and nine four zero six nine seven nine,
or text Trip to eight hundred and ninety four zero
six nine seven nine.

Speaker 3 (11:26):
We're back on the Road to retirement with Trip Limehouse.
My name is Steve said, oh, we have been having
a good show. We're talking about really what's going on
today and how these tariffs and you know, inflation and
crazy markets all of that influences us as we get
close to retirement. And the good news is Trip is here.
He's our voice of reason, he's a voice of calm.

(11:46):
He's gone through some of these things in the past
and is here to help guide us through this one too.

Speaker 4 (11:51):
That's absolutely correct, Steve. And we often ensure with people, hey,
don't worry, You're in the right place. This is what
we do. We get you to and through retirement even
when times are difficult. I mean, we pushed through and persevered,
and we made it through a very crazy year twenty
twenty with the pandemic and the market shifting. And then
twenty twenty two comes along and the market goes, hey,

(12:13):
WHI are eleven interest rate hikes, market losing almost twenty
percent SMP. You know that was a calendar year to date,
and people are just wondering what can we do well.

Speaker 5 (12:23):
You know, our.

Speaker 4 (12:24):
Experience here at Limehouse Financial is that we helped many
people during both of those periods of time retire even
though the market wasn't doing well.

Speaker 5 (12:34):
I think there's a fallacy out.

Speaker 4 (12:35):
There that, hey, oh my gosh, if my portfolio is
down three or four or five percent or nine percent,
whatever may be, I can't retire. And for some of
you that may be accurate, but you probably would be
surprised at your ability to still do what you have
always planned on doing, retire or stay in retirement. You know,

(12:58):
when you come see us and we build you a plan.
And that's what it comes down to, Steve. It's the
retirement success rate, okay, And there's many factors that go
into determining one's retirement success rate. As a matter of fact,
I would encourage everybody out there to visit our website
Retirement successrate dot com to learn more about what we're

(13:20):
talking about.

Speaker 5 (13:21):
Now.

Speaker 4 (13:21):
You know, there's just so much that we take into consideration,
you know. And speaking of consideration, here's some things that
you guys out there, you know, may want to seriously
take the heart and think about doing. The first thing
would be just to have a really kind of like
a heart to heart conversation with us about where you are.

(13:44):
I mean really now, it's just a great time for
a check in.

Speaker 5 (13:48):
You know.

Speaker 4 (13:49):
We can help you review your current portfolio. We can
help you make sure that your risk tolerance still aligns
with your timeline, and we can make professional recommendation from
a fiduciary capacity that are in your best interest. And
you can kind of think of what I just mentioned
is like helping you to copilot navigating all the turbulence

(14:09):
out there. Market volatility isn't anything new, Steve. I just
think that you know, what's occurring now is we're in
a different environment. Like I read an article the other
day and it talked about how bonds are performing. It's
very interesting, you know, on bond performance. And you know,
people in general go towards bonds for safety. I mean

(14:30):
that just has always kind of been the go to
that and fixed income securities, and typically the relationship between
stocks and bonds goes something like this. You know, when
stocks are not doing well, bonds are holding tight doing well.
But the interesting thing is we're not seeing that right now.
And I think that's just a prime example of we're

(14:51):
dealing with an environment that we've never been in before.
And because of that, people need to be really resilient.
They need to be steadfast, they need to be proactive,
and they need to be working with us as experts
in income and distribution planning and social security planning to
ensure that they have that the plan that's individualized and

(15:12):
customized for them to get them through this. You know,
I mean we talk about it all the time. When
we build plans for you guys out there, we're incorporating
you know, things such as hey, inflation, and we usually
bump it up a little bit over and above what
it is currently. You know, we typically build plans with
a lower rate of return than we think someone's going
to achieve because we want to be conservative. We're taking

(15:34):
into consideration taxes and and you know, I mean healthcare.
There's just a whole list of things. But you know,
if one of those things, Steve, if one of those
things is missed, the whole target is missed.

Speaker 5 (15:47):
You know what I mean, mm hmm.

Speaker 3 (15:48):
Absolutely. And again that's why working with an advisor, independent
fiduciary advisor like you and your team, you, Jonathan, and
I mean, you can really make sure that that we
can get to where we want to go in this
that we want.

Speaker 4 (16:00):
To get there to be independent and in control and
have a successful retirement. Imagine that, folks, Hey, imagine yourself
attending in a live event and learning just how you
can have a fantastic retirement. Well, good news, we've got
one coming up this Wednesday, April to twenty third, and
this is my personal invitation for you guys out there
to come and meet us in person for a no cost,

(16:22):
no obligation, social security and income planning workshop. We're going
to address all of the things we've been talking about
plus a whole lot more. It's going to be this Wednesday,
April twenty third, six pm at the Lexington County Public
Library and it's no cost, no obligation, So give us
a call at eight hundred nine four zero six nine

(16:43):
seven nine, or visit limehouse Financial dot com under the
events tab you can register or see when we're going
to do another event. But that would really be a
first step for all of you guys out there. It's
always fun being with you and we appreciate you attending.
I want to give a shout out to all my
longtime listeners out there usually do this and you guys

(17:05):
mean a lot to us. Thanks for your emails and
phone calls as always. Hey, Steve, we had somebody leave
a message the other day and they said, hey, you
haven't mentioned files of your daisy in a while. Those
are are Amy and I we have some dogs. Those
are our Labit Labordoodle and Golden Doodle.

Speaker 5 (17:22):
So I needed to.

Speaker 4 (17:23):
Tell everybody out there that the.

Speaker 5 (17:24):
Puppy dogs are doing.

Speaker 4 (17:26):
Good, and uh they're they're just enjoying these nice, uh
spring days walking. So I think, you know, it's pretty
cool the little things like that. Steve, when people call
in or text or whatever ask about you know. Yeah,
we we really like to have that relationship with those
out there that listen. So if you're a new listener,
we're glad you're with us today. We have a lot

(17:46):
of fun. We're gonna come back. We're going to continue
to talk about ways to navigate this roller coaster. You know,
so far we've talked about having a safe money strategy.
That's the green line principal. Folks, everybody needs a safe
money strategy. You right now, that could be the best
time ever to capture the growth that you have seen
in your portfolios and to put it to work for

(18:08):
you from this point forward with no risk. That's the
green line principle. Make sure you ask us about that.
A safe money strategy. You know, we've talked about the
importance of really kind of coming in and just having
a heart to heart with us and talking about where
you are, taking a look at what you have. You know,
now we're going to get into coming up next some
other stuff. We're going to talk about not being an

(18:28):
emotional investor and to really understand your portfolio and a
whole lot more. Hey, this offers for the next ten
callers in the next ten minutes. It's for a written
plan for retirement, built by our team of certified financial professionals,
but no cost, no obligation to you. This is individualized
and customized, folks. We're not just going to mail this
to you. We're not just going to email this to you.

(18:49):
You must come in go through our process to receive this.
You'll be better off for it. You deserve it, and
you really need it during times like these to make
sure that you have a successful retirement. Give us a
call now, next ten callers in the next ten minutes,
A no cost, no obligation, written plan for retirement.

Speaker 3 (19:03):
Eight hundred ninety four zero sixty nine seven nine. That
is the number at eight hundred nine four zero sixty
nine seven nine. Eight hundred nine four zero sixty nine
seventy nine. Quick break back with more on the Road
to Retirement with Triplymehouse right after this.

Speaker 4 (19:15):
We are having fun on the Road Retirement Show today.
We're helping you to understand actions that you can take
to if you will navigate this choppy water, Tariffs, taxation, inflation, recession,
all that.

Speaker 5 (19:28):
Stuff you need to hear it.

Speaker 4 (19:31):
Coming up next, we're gonna talk more.

Speaker 5 (19:32):
About that.

Speaker 8 (19:40):
If you remember these TV shows, you're getting ready to retire.

Speaker 9 (19:44):
And everybody see a big pair of feet there, cheesy mustache,
I'll think of you.

Speaker 8 (19:49):
You guts well, I hate.

Speaker 5 (19:52):
I'm one guy who.

Speaker 7 (19:54):
Ain't prejudiced against anybody who maybe lestship by than me.

Speaker 8 (19:58):
It kind of sneaks up by, doesn't it.

Speaker 4 (20:01):
Oh geez.

Speaker 8 (20:02):
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.

(20:22):
Retirement planning doesn't have to be difficult. Get the facts
based approach that you deserve all at no cost, with
no obligation. Call the Road to Retirements Trip Limehouse eight
hundred nine four zero sixty nine seventy nine or text
trip to eight hundred nine four zero six nine seventy nine.

Speaker 3 (20:46):
We are back on the road to retirement, having a
nice drive today. Trip is cruising along at cruising speed
and getting to where we need to be when it
comes to retirement. He's been helping folks for a couple
of decades, just like you. Give us a call eight
hundred nine four zero six nine seven nine. Let's jump
into this. One of the things that we don't want
to do right now, trip and it's very easy to do,

(21:07):
and that is panic sell. Well, well, yeah, you know,
you see all this red. You see all this red,
so you better sell. But the thing is, as you've
said many times, that's the that's the exact long time
to sell. In fact, take a look, maybe it's a
time to buy.

Speaker 4 (21:24):
Oh yeah, definitely buying during the dip.

Speaker 5 (21:26):
I mean, you know.

Speaker 4 (21:29):
Here, here's how I know that what we're doing is
effective and works. You know, we communicated, you know, recently
with all of our clients who we professionally manage money for,
and we said, hey, a lot is happening right now
in the market.

Speaker 5 (21:46):
We're watching your portfolio. If we.

Speaker 4 (21:50):
Determine that you need to do something different, we're going
to reach out to you very quickly, make that professional
recommendation from a fiduciary capacity in your best entry, and
you know, make changes and if you have any concern,
you know, give us a call. Uh if you if
you can't take it anymore, you don't want to deal
with this, call us and tell us and we'll change it.

(22:12):
You know, we'll follow your instruction. I mean, that's what
we do. We work for you know, our clients. Anyway,
we only had it was less than five clients call
in and and and everybody got the email, you know,
but we only had five clients that called in and
said I'd like to make a change. And that just
is kind of a testimony as to our work because

(22:32):
when we're sitting down folks, Steve, we're telling them, look,
this risk money needs money at risk. This is a
long term proposition. It's going to go up, it's going
to go down, it's gonna be flat, you know. But
really we want to we want to have money that's
professionally managed, and that's one of the things we do
here at Limehouse Financial because the goal is long term

(22:54):
capital appreciation and to outpace inflation. I mean, those are
two big goals, right. So I no, no, I think
that our clients know in advance to expect things that
have been happening, maybe even though they're a little bit
different because of the tariff scenario, you know, but they
know market volatility is real. But another thing that just
you know, Dawnay again, was that all of our clients

(23:17):
really just weren't too concerned about I mean, nobody likes
to see their portfolios dip in value, but they weren't
too concerned about it because they all have as a
part of their plan the green Line principle, and that
just saves people's retirement steve.

Speaker 5 (23:33):
It does.

Speaker 4 (23:33):
It puts them in control. It allows them to be
in the driver's seat. And you know, and when the
market is always changing, you know, people know that they
can't lose any money that's you know, on the green line. Folks,
visit green Line Principle dot com to learn more a
safe money strategy where zero is your hero, no downside,

(23:54):
a lot of upside potential. Everybody needs it as a
part of their plan and we can help you with
that here. But I think you know your point is
so good. I mean, people don't need to, you know,
panic sell and they don't need to be an emotional investor.
But you know what happens when they see red in
their accounts, They panic the panic, right, I mean when

(24:15):
they're so close to retiring.

Speaker 3 (24:16):
Well, even when they're close to retiring, there's still money
that needs to be at risk. And it's fine because
the money that I need right away, well that's in
front of me and I can access that.

Speaker 4 (24:26):
Yeah, yep, absolutely selling when the market is down.

Speaker 5 (24:30):
You know what that does for people though?

Speaker 4 (24:31):
It really just locks and losses and folks, I just
want to remind you that retirement is a marathon and
it's not a sprint. Okay, So just remember to take
a long term view and resist the urge to make
emotional decisions. Don't be an emotional investor. It will come
back and haunt you later on. You'll say I shouldn't
have done that. I shouldn't have done that. Right, I

(24:54):
understand the emotions behind investing and being close to retirement
and being in retirement. You know, we help people who
are approaching retirement, maybe some are six months out, three
months out, two or three years out, and we also
help people that are in retirement. Look at all this stuff,
but you know, part of this comes down to understanding
asset allocation to Steve, and people really need to understand

(25:17):
they need help to understand how they're invested.

Speaker 3 (25:19):
Well exactly, and it's more than just you know, well,
I think we have to understand how our money is
spread out across our across the portfolio, and how it's
how it's being allocated yes, we need to make sure
that you know, if you're heavy in tech stocks right now,
you might want to take another look.

Speaker 5 (25:36):
Yeah, that's right, that's right.

Speaker 4 (25:39):
Some wild wild rides there with different sectors you know,
in the market, and that's a that's a risk that
we point out to people too, is you know, they
may be diversified, they may have a lot of holdings,
you know, but what if too much of their portfolio
is in one sector, you know, such as as you
just mentioned technology or energy or healthcare or you know whatever.

(26:03):
That can really affect a person's you know, future if
they're over if they have a sector overweight. So, folks,
you know, as you're getting closer to exiting onto this
road retirement journey or if you're already in retirement, we
want to consider shifting towards a more conservative mix and
we want to have a greater emphasis on less volatile assets.

(26:24):
And that doesn't mean abandoning growth altogether. It just means
being smart about how you're positioned. And you know, what
we do to help you understand what you own is
we do a portfolio observation report. Portfolio observation report. Now
this is a non biased, fact based, independent report that
we provide to you no cost, no obligation, that helps

(26:46):
you understand the performance of your portfolio, the holdings that
are in your portfolio, the risk that's in your portfolio,
the return that it has you know, seen, the expenses
that it has, et cetera, et cetera, and it helps
you determine if you need to keep it the same
or make changes. So you know, make sure you're asking
us about the portfolio Observation Report eight hundred nine four

(27:06):
zero six nine seven nine. You know, we also want
to make sure that we have a heavy emphasis as
things are culminating as they are rapidly currently, you know, tariffs, potential, recession, inflation, taxation,
et cetera. We want to have a good income plan,
a good income plan. Visit get safe income dot com.

(27:30):
Get safe income dot com. Folks, as you're transitioning into retirement,
having a reliable income stream that you can never outlive
becomes crucial. Okay, let's explore a personal pension plan money
that you can never outlive. Let's remove longevity risk from
the table. Visit getsafe income dot com to learn more.

Speaker 5 (27:52):
Okay, you know all this and more.

Speaker 4 (27:54):
I mean, we just continue to help you get to
and through retirement or experts in social security and come planning.
And we love helping you, having fun helping you. One
of the ways we love helping you is by offering
you right now, the next ten callers in the next
ten minute say, no cost, no obligation, written plan for
retirement built by our TMO certified financial professionals. No cost,

(28:14):
no obligation. Now you must come in and go through
our process to receive this. We will not email it
to you or mail it to you. Next ten callers
in the next ten minutes are going to get a
written plan for retirement at no cost or obligation.

Speaker 3 (28:26):
Sounds great, trip, Give us a call and reserve your
spot today. Eight hundred nine to four zero six nine
seventy nine. Helping you to make the best decisions for
you when it comes to your retirement. Eight hundred ninety
four zero sixty nine seventy nine Quick Break. We're back
with more on the road to retirement with Trip Limehouse
stick Around.

Speaker 4 (28:41):
A recession can rattle even the most seasoned investors, but
retirement doesn't have to feel like a tight rope walk. Today,
we're going to unpack the financial strategies that help retirees,
Stay calm, stay focused, and stay ahead even if the
economy slows down.

Speaker 7 (29:05):
This is such a.

Speaker 3 (29:06):
Blow to invest. Do it right now.

Speaker 2 (29:08):
Bring the US want to put the world were waiting motor.

Speaker 9 (29:12):
It takes courage to face up to things like volatile
markets and Wall Street money traps.

Speaker 5 (29:16):
If you're unsure, worried, or losing sleep about your money,
do something about it.

Speaker 9 (29:22):
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
this fantastic offer. All you have to do is call
O text Trip to eight hundred nine four zero six
nine seven nine.

Speaker 10 (29:41):
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. Called Trip
Limehouse and his team at Limehouse Financial Today and eight
hundred and nine four zero sixty nine seventy nine, or

(30:03):
text 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 (30:20):
We're back on the road to retirement with Trip Line House.
My name is Steve said all this has been a
good show, Trip. I mean, we have covered so much
ground and really getting into a lot of things that
people are concerned about today. And I love the fact that,
even though you know the market is going you know,
up and down, and there's talk of recession all of that,
your clients are not flooding the phone lines. They feel comfortable.

(30:44):
You've created a plan that they feel comfortable with.

Speaker 4 (30:47):
Yeah, And I think that's an important message for our
listening audience to really pick up on. I mean, just
last week, you know, one of our clients, Gym, called
in and he said, Trip, you know, I just want
to thank you for what you have helped me with. I'm,
you know, not really liking what's happening out there in
the environment, but I'm feeling the same level of security

(31:12):
that I felt when we first started working together years ago.
I know that I'm going to be okay, even though
there's things out there that I can't control. So Hey, Jim,
thanks for your business, thanks for being a client. But
you know, it's calls like that that just remind me
and Jonathan O'Reilly, my investment advisor. It just reminds us

(31:32):
of the type of work we do, how important it is,
and how we're helping people to feel good and to
feel confident about where they're going, even when things out
there are kind of you know, upside down, not going
maybe the way we'd like them to go. So, I mean,
it could be inflation, it could be interest rates, it

(31:55):
could be political headlines. I mean, listen, here's the thing.
There's there's no shortage of reasons for for folks out
there to feel anxious about their financial future.

Speaker 5 (32:07):
And and and you know.

Speaker 4 (32:08):
What, if you are retired or you're getting close, I
think that the weight of those worries can feel even heavier.
But here's the truth. You know, on the subject of recessions,
they come and go, and a solid financial plan, a
solid financial plan, we call it the retirement roadmap, is

(32:31):
built to weather them. So we're just gonna walk through
some practical steps that you guys out there can take
right now to protect your lifestyle, preserve your wealth, and
find peace of mind, regardless of what happens in the market.
So this is important stuff, Stephen. I'm thankful that we can,

(32:53):
you know, continue to take it, you know, to the
to the folks out there.

Speaker 5 (32:58):
You know, it's it's a big deal.

Speaker 3 (33:00):
Well exactly, and especially with all this talk of recession,
I think, you know, we've got to take that into account,
take it for what it is. And you know, I
like what Peter Lynch is a big time investor. We
know the name. Everyone has the brain power to make
money in stocks, not everyone has the stomach. And boy,

(33:20):
that's so true today because you know, you watch the
market do what it does, and yeah, don't make your
stomach do some tips dips too, huh.

Speaker 5 (33:29):
It will it will?

Speaker 10 (33:30):
You know.

Speaker 4 (33:31):
I think that the last five years has really taught
people who are in the market a lot. I think
it taught has taught that every year is not going
to be like you know a year in the past
where it was just all positive, all positive for so

(33:51):
long the market did so well. I mean, we had
an eleven year period, that's a long time, over a
decade of just positive performance.

Speaker 5 (33:59):
You know, you really didn't hear a.

Speaker 4 (33:59):
Lot lot of negative things. And I often say you
could you during that period of time, you could have
thrown a dark blindfolded at any particular stock and you
probably could have had a double digit return. And as
a result, people became complacent. And I think that, you know,
was just a natural human thing, right, I mean, hey,
the market's going to do good. But I talked about

(34:21):
it for years and continue to talk about it today,
is that the market isn't always steady and always positive.
I mean, it is really volatile, and it's so interesting
how the market reacts to two different things, right. I mean,
like in the workshops that we do STEVE for people,
the Social Security and income planning workshops, we talk about

(34:43):
legislation and big piece of pieces of legislation that have
that have changed retirement, like the Secure Act that was
a big piece of legislation that changed retirement for people.
And there's others as well. But that's just an example.
I mean, there's so many things out there that play
a factor into the market into what it's what it's

(35:04):
going to do at any given moment.

Speaker 5 (35:07):
I don't know.

Speaker 4 (35:07):
I mean, we we we know that people need to
be in the market. That's why we professionally manage money
here at Limehouse Financial and we do it very well
for people. I have a lot of success. That doesn't
mean that we're always positive and that our clients don't
lose money. I mean it's the market. You know, you're
gonna go up, you're gonna go down. But we do
it very well for our clients, and professionally managed money

(35:29):
is good from a fiduciary capacity, having a recommendation that's
only in a person's best interest. I mean, that's that's
that's there's a lot behind that. That's the type of
work that we do here. But at the end of
the day, I think we ask people do you want
the market to determine your direction on the road to retirement?
And everybody that we ever asked that says no. So
how do you know you know how to navigate this?

Speaker 5 (35:52):
Uh?

Speaker 4 (35:53):
You know, so you don't feel like you're walking a
tight rope. Well, ask yourself this question, are you taking
too much risk or not enough? I think that's a
good starting point. You know, that's a big one for people. Absolutely,
So this whole thing of you know, taking too much
risk or not enough people really need to be looking

(36:13):
at that. I mean, when emotions overcome a person here's
the fact a lot of people just swing way too far.
They either go ultra conservative or unknowingly they stay too aggressive.
And the fact also is that a recession is the
perfect moment to reassess your asset allocation. History does show

(36:36):
that portfolio is balanced for volatility tend to recover faster
after downturn. So how well, I'm asking you this out
there in radio land, how well does your portfolio reflect
both your age and your income needs? Okay, so that's

(36:56):
a good starting point for you. You do not have
to feel like you're on a tightrope walk, you know,
the whole risk question, that's just a big thing for people, Stephen.
The next big thing is, you know, what what is
a person's liquid position?

Speaker 5 (37:11):
You know, I mean do people Do people.

Speaker 4 (37:13):
Out there have enough cash to ride out the storm?
You know?

Speaker 5 (37:17):
One? Liquidity is important?

Speaker 3 (37:19):
Well, I think you know, that's a lesson that a
lot of us learned during the pandemic, having that emergency
fund and keeping it stocked if you.

Speaker 4 (37:26):
Will well, right, because if the market is down six
percent and you are counting on taking out four percent,
you know, on an ongoing basis to sustain your lifestyle
and retirement then you've taken out ten percent, and this
sequence of returns risk has really kind of just bitten

(37:48):
you in the rear end. I don't know if bitten
is a word.

Speaker 5 (37:51):
Is bitten a word? I think think? I think it's
a word's work. It's a word.

Speaker 4 (37:55):
Now, Well, my mom listens to this show to hey, mom,
if you so much, and sometimes you'll say.

Speaker 5 (38:01):
Oh, you made up another word. You know. It's yeah,
I'm good at that. But somebody knows too.

Speaker 4 (38:07):
That's right, somebody's got it. But you know, if a
person is taking money out of a portfolio when it's down,
then the sequence of returns risk has really you know,
it's come to fruition. And we want to avoid that, folks.
So we don't want to take money out of a
portfolio when the market is down. It just takes too

(38:28):
long to recover that that that withdrawal and the loss. So,
you know, a key to surviving a downturn is you
really need to have six to twelve months of expenses
in cash or short term reserves. We call this the
retirement runaway, if you will, and it's going to allow
you to avoid selling investments at a loss.

Speaker 5 (38:47):
That's a big deal. It's kind of like Noah's ark.

Speaker 4 (38:51):
Really, if you think about it, better to have it
before the rain starts, if you will.

Speaker 3 (38:55):
You know, yeah, I think.

Speaker 4 (38:58):
A good question for people out there is that do
you you know how many months of cushion you have
set aside?

Speaker 5 (39:02):
It does take a quick look at that.

Speaker 4 (39:04):
You know, six to twelve months would be fully appropriate,
or even longer.

Speaker 8 (39:08):
You know.

Speaker 4 (39:09):
Hey, folks, We've got an event coming up this week
Wednesday night, April to twenty third at the Lexington County
Public Library. It's a social security and income planning workshop,
six pm this Wednesday at the Lexington County Public Library.
No cost, no obligation. I'd like to personally invite everyone
out there to attend this event. Call us at eight

(39:31):
hundred nine four zero six nine seven nine to get
on the roster, or just go to Limehousefinancial dot com
and look under the events tab and you can register
that way, or see what events we're having in the future.
This is a social security and income planning workshop this Wednesday,

(39:51):
six pm at the Lexington County Public Library.

Speaker 5 (39:54):
Love to have you there.

Speaker 4 (39:55):
We're going to be talking about all the stuff we've
talked about on today's episode.

Speaker 5 (39:59):
In a whole lot more, you know.

Speaker 4 (40:02):
But liquidity is a very important thing. And folks, one
of the mistakes I see a lot of you out
there making is that you're maxing out your retirement you know,
you're utilizing the catch up provision. You're putting twenty five
thirty thousand dollars in a four to one K, but
you only have five thousand dollars in a checking account.

Speaker 5 (40:22):
That's just backwards.

Speaker 4 (40:23):
Okay, we need to really have a lot of liquidity.
So build up your liquidity in particular before you exit
on the road to retirement journey. Okay, you want to
have a lot of cushion there. That's really going to
help people out. What about I'm thinking about an income
plan right now, in particular stress testing.

Speaker 3 (40:43):
Is that something that you do, trip and tell me
about that, because I think that's I think that's pretty interesting.

Speaker 4 (40:49):
It's an interesting concept, it's but it's so important. It's
it's key for success. People need to make sure that
they have an income and a distribution plan that's going
to weather the storm good bad and different markets, recession,
no recession, inflation and taxation whatever. Right, So, you know,

(41:12):
a good retirement income strategy, it should work in both
good times and bad times. So, folks, an example of
this would be us running a scenario for you where
your portfolio drops twenty percent but your spending stays flat.

(41:33):
So stress testing your income under recession like conditions. It
can reveal if you will blind spots and also opportunities.

Speaker 5 (41:44):
Okay, would you feel.

Speaker 4 (41:46):
Confident in your plan if the market stayed flat for
two years? I don't know, but we need to really
take a look at these things. Because income determines outcome
during retirement. Your income determines your outcome during retirement, and
in particular, there's a type of income that you need
and that's guaranteed income for life. You need to make
sure you never run out of income. I would encourage

(42:07):
you to visit get Safe income dot com to learn more.
Get safe income dot com to learn more. You need
to understand how you can always have income. Also, talking
about income steed makes me think about people understanding how
much it costs them to live. And then so now
we're going into the B word.

Speaker 5 (42:27):
The budget. We budget. Budget, the budget.

Speaker 4 (42:30):
Yeah, and it's not a bad word, no, it's but
it's just something that a lot of people don't like
to have or look at or follow or follow.

Speaker 5 (42:39):
Yeah.

Speaker 4 (42:39):
But you know, here's the thing. Recessions. You know, they
often call for, let's just say, tactical tightening, okay, versus
a panic retreat.

Speaker 5 (42:53):
About that.

Speaker 3 (42:54):
I like that trip, that's good.

Speaker 4 (42:56):
Yeah, tactical tightening versus a panic retret So, you know,
trimming a few discretionary expenses. Now, you know what can
that do, folks, Well, it could extend your financial runway,
if you will, and ease the pressure on your investments.
Think of it like this, you're tuning an engine. You're
not stopping the car. So, you know, a question for

(43:19):
you is have you identified areas where you can cut
without sacrificing the quality of life? You know, the list
goes on and on and on, folks. We're talking about
things that can help you avoid feeling like you're having
to walk on a tight rope because of changing environment
out there. There's things that you can't control that always
are going to pop up. One of the things that

(43:40):
you can control right now, though, is your opportunity to
have something very important, something life changing, that can help
you get through all of this that we're talking about.
It's 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 at no cost or obligation. For
the next ten callers, in the next ten minutes, we

(44:02):
will provide you just that.

Speaker 3 (44:04):
Sounds great, trip, don't miss this opportunity to come on
and sit down and get yourself a financial roadmap put
together just for you. Eight hundred ninety four zero six nine,
eight hundred nine four zero sixty nine seventy nine is
the number to call. Do that while you're thinking of it,
and again you're gonna get your questions answered. You'll get
a chance to get a plan put together, all no cost,
no obligation. Eight hundred nine four zero sixty nine seven nine.

(44:26):
We're gonna take a break. We'll come right back with
more on the road to retirement with trip.

Speaker 4 (44:30):
Limouse questions from listeners and answers from me. We're gonna
explore that and more coming up right after this.

Speaker 7 (44:45):
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 ache or you? Well, of course you want to
relax and travel and enjoy and nest egg. You've got
more work to do for a retirement that maximizes your portfolio,

(45:08):
your social security, avoids unnecessary risk, protects you from pitfalls,
and frankly lets you retire, and keeps the nestake 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

(45:28):
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
and nine four zero six nine seventy nine.

Speaker 2 (45:44):
If bad money habits ton strain your financial progress, it's
time to alter your behavior.

Speaker 5 (45:49):
Here's another bad money habit to.

Speaker 2 (45:51):
Break, being financially illiterate. The financial world can be extremely complicated,
and most people don't rush home to read the late
is financial news. But knowledge is powered, and some knowledge
of the financial world can be empowering. Now we're not
talking about getting a degree in economics from Harvard, but

(46:11):
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.
It's amazing how a daily read will turn on that
financial light bulb in your head. An article or two

(46:36):
a day will keep the bad money habits away.

Speaker 3 (46:43):
And we are back on the road to retirement with
Trip Limehouse. My name is Steve Sodah. We are cruising today. Boy,
we're kind of wrapping it up though, getting close to
the exit ramp called retirement and or at least for
this show.

Speaker 5 (46:58):
That's right, that's right.

Speaker 4 (46:59):
I do want to take a second and just wish
everybody out there a happy resurrection day. So thankful that
Jesus went to the cross and during the pain, and
thankful to our father God that he was faithful and
resurrected him. And now we're made news. So happy Easter

(47:20):
to all you guys out there. And you know, I
just want to express my never any love to my wife, Honey.

Speaker 5 (47:28):
You mean so much, and thanks for being.

Speaker 4 (47:30):
My best friend and always doing fun things with me.
I love you so much that you know we did
recently we saw a concert. We saw Billy Strings bluegrass guy,
and man, that was a lot of fun.

Speaker 5 (47:40):
It really was.

Speaker 4 (47:40):
We love music, you know, I know our longtime listeners
hear me talk about us being grateful dead fans and
traveling around when we're younger and seeing shows, and you know,
now we're a little older and finding some more music
and going and seeing and listening and still doing the
same stuff. But Honey, I really have a great time
hanging out with you. You're the best. So she also listens
to the show and she's like you should have said

(48:01):
She's like, you shouldn't have said that, or oh, don't
ever say that again, and I think it's just funny,
which sometimes, you know, I'm like, okay, you're right. But anyway,
my biggest fan, my wife, I love you. So you know,
I love this section of the of the show, Steve,
because you know, I always say that there's people out
there who have great questions, but maybe they.

Speaker 5 (48:21):
Don't call in they're a little shy.

Speaker 4 (48:24):
But then someone else might call in and ask a
question that could be similar to theirs that we answer,
and it helps not only the one that called in,
but the one.

Speaker 5 (48:31):
That didn't call in.

Speaker 4 (48:32):
So folks keep the calls coming. Eight hundred nine four
zero six nine seven nine eight hundred nine four zero
six nine seven nine. And by the way, if you
missed some of the show today, you can go back
on Apple, Spotify, Google, iHeartRadio, anywhere you stream your music
and pull up The Road to Retirement Show. Go back

(48:53):
and listen to it, and don't forget to watch us
on TV. We're on three times on the weekend, The
Road to Retirement TV Show six thirty am on Channel ten,
twelve pm on Channel nineteen on Saturday, and then on
Sunday we're on an eleven thirty am on Channel twenty five,
The Roads Retirement TV Show.

Speaker 5 (49:12):
Wow, so you're popular.

Speaker 4 (49:14):
Well, we're staying busy helping people, having fun, helping people,
getting information out to them, educating them on ways they
can be successful even when times are tough. Their things
are changing, such as potential recession and tariffs and inflation
and taxation and all this stuff. You know, we're building
plans to get people tuned through retirement Limehousefinancial dot com.

(49:35):
By the way, folks, we have a live event this Wednesday.
It's going to be April twenty third. This Wednesday, April
twenty third, six pm, A Social Security and Income Planning
Workshop at the Lexington County Public Library. We would love
to have you there, no cost and obligation this Wednesday,
April twenty third, six pm a social Security and income
Planning workshop. Come on out, meet us in person, learn

(49:57):
more about what we do and how we can help
you to be independent and in control during retirement. So, Steve, let's.

Speaker 5 (50:04):
Let's jump in here questions.

Speaker 3 (50:06):
I've got Stan, We've got folks that are very interested
in learning more about roth conversion, So let's jump in.
Stands up first in Columbia, says he's forty five years
old and is maximizing his four oh one K contribution
at twenty two to five annually, and he's curious if
he should also contribute to a wroth ira and what
benefits a roth ira might offer alongside of four oh

(50:29):
one K, and how would it complement their overall tax strategy.

Speaker 4 (50:34):
Hey, Stan, great to hear from you. Thanks for being
a listener and for calling in. I'm proud of you
for saving. You know it's not easy to save. I
do want to encourage you to be careful because saving
too much in a tax deferred retirement account could come
back later and not.

Speaker 5 (50:49):
Be favorable for you.

Speaker 4 (50:51):
Remember, folks that when you put money in a tax
deferred retirement account like STAN is doing, you're agreeing to
pay taxes at an unknown rate at a later date
and time, and we just need to be aware of that,
but continue to save STAN. I like the idea of
you implementing a WROTH. As a matter of fact, I
probably would encourage you to just get the match on

(51:11):
the regular four to one k if you will, and
then put the bulk of the money in the wroth
IRA because the roth is gonna grow tax free. You're
gonna make withdrawals tax free, and when you pass it
on to the next generation, it's passed on tax free,
so they really do wroth. IRA would compliment you know
your four to one and if your company offers a

(51:32):
WROTH for one, make sure you take advantage of that.
Stan come on in at forty five. It's a great
time to get a plan in advance, so you have
an awesome retirement. I look forward to seeing you.

Speaker 3 (51:42):
All right, So way to go, Stam, give us a call.
It's eight hundred ninety four zero six nine seven nine,
and Linda is up next in case she also has
a WROTH related question. She's thinking about converting her wro
her ira to a roth ira over several years to
manage tax impact. Now, what is a strategic way to

(52:03):
spread out these conversions for the best tax advantage?

Speaker 4 (52:07):
Great question, Great question. I mean Wroth conversions. Remember they're
different than Wroth contributions, and there's no income threshold that
would prevent a person from doing a Wroth conversion, but
we do need to do it strategically, Okay, So we
offer what's called the Wroth conversion analysis, and that determines
number one, if doing a wroth is in a person's

(52:28):
best interest, and then number two, it shows up the
person what their tax savings over time will be. So
Jonathan O'Reilly, my investment advisor, and I both map this
out very carefully for people who are going to do
conversions to make sure we're spreading the tax out over time.
And it's different for everybody. So for you, we would
need to do the Wroth conversion analysis. We would need

(52:50):
to build you the written plan for retirement and then
make that recommendation. But we don't want the taxes to
be too overbearing. In general, we'll kind of do it
right to the next tax bracket. If you will, and
try to prevent you from going to the end of
the one up a tier up if you will. So
we're just smart about how we do it and we
can help you with that. Come on in and see

(53:11):
us folks. What another great episode of the Road Retirement Show.
Thanks for spending time with us once again. Happy Resurrection Day,
and come join us next time for another great episode
of the Road to Retirement Show. And make sure you
call an eight hundred and nine four zero six nine
seventy nine and ask for your no cost obligation written
plan for retirement. For the next ten callers, it's yours,

(53:32):
no cost until next week, 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.