Road to Retirement 04-22-2023

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Episode Transcript

(00:00):
Mutual funds used to be a beautifulconcept. Any investor could invest and gain
access to professional portfolio management. Timeshave changed. Maybe your investment habits should
too. Whether you're retired, approachingretirement, or haven't even thought about it,
now is the time to get protectionfrom market volatility and excessive fee structure

(00:21):
called Trip Limehouse with Limehouse Financial ateight hundred nine four zero six nine seven
nine, or text Trip that's trippto eight hundred nine four zero six nine
seven nine. Again, you cancall or text Trip at eight hundred nine
four zero six nine seven nine.Information provided is for illustrated purposes only and

(00:45):
does not constitute investment, tax orlegal 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 hisguests are liable for the usage of information
discussed. Always consolable the qualified investment, legal or tax professional before taking any
action. Hey, welcome in everyone, and this is the road to retirement
with Trip Linhouse. I'm consumer advocate. Steve said, all big show today.

(01:07):
We are going Hollywood up. Yeswe are. And if there's one
thing Hollywood knows about it's money.So we're going to be covering some iconic
cinematic examples of what to do andmore importantly, what not to do when
it comes to your finances, specificallyfor retirement. Trip it's a fun show.
These clips are great. Everybody's goingto remember them and just have fun.

(01:30):
It's show business, right, showbusiness today, and you know,
folks, we're gonna show you thebusiness that you need to understand. You
don't want to miss this segment onthe Road to Retirement show. I'm Trip
a Limehouse and it is a pleasureto be with you. Let's get going.
Let's do it. Do you wantto avoid taking a wrong turn or

(01:53):
your retirement road. The road toretirement is a long one and if you
just don't want to make wells,buckalot. We're getting ready to take a
retirement road trip together. It's theroad to retirement with Trip Limehouse. It's
the perfect dimemound to map it out. That road to retirement is key,
is key to get on the roadto financial security and independence. Just like

(02:15):
many of Trips Happy clients in retirementpartners, my money is safe using the
green Lime principle that you taught meabout. Thank you so much. Let's
get this trip started. It's theroad to retirement with Trip Limehouse. Hey,
welcome on everybody. This is theroad to retirement with Trip Limehouse.

(02:37):
I'm consumer id to get stoops atall. Trip of course, been helping
folks for more than twenty years gettingto and through retirement with help generally from
the green line principle. That's tripsand trips alone. You will find out
about that today and so much more. Visit the website that is limehouse Financial
dot com. Limehouse Financial dot com. Hey, trip hus Thanks, Hey

(02:58):
will. I'm doing awesome and Ihope everybody out there is as well.
Well. Steve, you were justletting everybody know how to get in touch
with us. I might as wellthrow in our phone number one eight hundred
nine four zero six nine seven nine. Folks, we want you to know
how to get in touch with us. I've just found that, um you

(03:19):
know what I mean. Like,we have callers and they say, ah,
listening to your show, and Ijust want to call you right then,
but I had to wait until yougave me the number. So we
throw it out there a lot.But once again, welcome into the Road
to Retirement Show with Limehouse Financial.This is a great segment and folks,
um, you know we're gonna talkabout a lot of what a Hollywood has

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to say. You know, it'snot exactly known for preparing us for life
in the real world, that's forsure. I don't know, Hey,
Steve, you ever noticed that anynumber, like in a movie begins with
five, five five or something likethat, exactly right? Yeah, And
another thing about Hollywood is some ofthese characters, they're just so unrelatable.

(04:01):
I mean, I don't know.I guess either the big screen wasn't created
with the intention to offer really ifyou think about it, financial guidance or
you know, advice or you know, talk to people about retirement. To
the audiences, there's you know,I mean, it's entertainment, right.
But I do think that kind ofin a way we can draw a parallel

(04:24):
and that we can pull some lessons, so to speak, which we can
learn, you know, what todo and maybe more importantly, I would
think this would be key what notto do? Okay, all right,
so we got you and I gotkind of got creative, and I appreciate
the hard work on your end doingthis along with me. But with that

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being said, we got a fewfamous movie quotes lined up for our audience
today, and we're just gonna,so to speak, put me to the
test, put me in the hotseat, right all right, and we're
gonna see, yeah, yeah,let's see how these relate to the world
of financial planning. Folks. Iam not a destroyer of companies. I

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am a liberator of them. Thepoint is, ladies and gentlemen, at
greed, for lack of a betterword, is good. Sure, right,
Okay, name that movie? Well, that's uh, that's from a
really famous movie. I like theactor, but the movie is awesome.

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It's Wall Street. Okay, Idon't know. I think that's maybe the
most famous, uh, one ofthe most famous lines. And that's from
nineteen eighty seven, an Oliver Stonefilm. So, Um, the character
as Gordon Gecko, he Michael Douglasplayed him. He delivered that speech and

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in the movie, of course,and you know what I mean. So,
how do I think this relates tofinancial planning? Um? In my
opinion, is greed a good thing? Absolutely not. And quite frankly,
folks, what I have encountered inover twenty years of working with people out
there is that oftentimes it can getthe best of us. In particular when

(06:10):
we have been in a period wellup until recently, of you know,
the market doing so well. Ithink that the degreed kind of goes along
with maybe complacency to some extent,and I think that it has put some
people in a very good position.But at the same time, because it's

(06:33):
caused complacency, the guard has beenlowered and people have learned to rely more
on a market return consistently being positive. In folks, I'm not sure if
you're aware of this, but that'sjust not how things happen all the time.
As a matter of fact, Stevedid already mentioned the green line principle,

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and Steve, thank you for that. I appreciate that. I'm going
to talk about it just for moment. Okay, good, because we're talking
about complacency in the market. We'retalking about financial planning and in particular greed
and how it doesn't necessarily help aperson in general in life, but specifically
with financial planning. So the greenline principle, folks, is now pay

(07:18):
close attention. Okay, just takea moment, pay close attention the green
line principle. It's a safe moneystrategy where you cannot lose any of what
you put into this part of yourplan. Because, by the way,
folks, that's what we do here. We've build plans for you financial plans
at Limehouse Financial. Limehouse Financial dotcom is where you can find us on

(07:40):
the web. But with the greenline principle, you cannot lose and you
have a lot of upside potential,okay, and you can even create lifetime
income. So yes, a personalpension plan is what we call it.
So you know, I've been talkingabout this green line principle for a very
long time, helping people with it, and you know, people now are

(08:01):
asking more and more about it.I heard you talk about it. Tell
me how I can do that becauseand I've even had had some people tell
me readily admit it and kind of, you know, somewhat ashamed of it
that they were greedy and they theyinvested overly aggressive and now they have a

(08:22):
regret for that. I mean that, I think that's a common thing out
there. I think so too.Trip You you kind of put the nail
on the head. Let's let's haveone more clip before we go to break.
Okay, yeah, do it?See, I know you're gonna recognize
this movie too. I got inearly on some wireless IPOs and stuff just
skyrocketed from there. What about you, Greg, What line of work are
you in? I'm in healthcare?Yeah, so you know what I'm talking
about. There are a lot ofBenjamin's be made right now at the biotech

(08:45):
staff. I don't have to tellyou that. How's your portfolio? I'd
say strong too, quite strong?Yeah, yeah, Strike with the Iron
is hot, you're do Indeed,that's I mean, obviously that's Owen Wilson
and Ben Stiller from Meet the Parents. So I love it. Owen Wilson's
characters just I mean, and wealways plays the same guy. But it's
very likable. Man. Those twoare awesome. Those are awesome. So,

(09:09):
yeah, you know, here's thedeal or talk. They were talking.
So, how's your portfolio? Heanswers, I'm strong. U'm quite
strong. So, folks, alot of you out there maybe kind of
falling in that role of that characteron that movie from that clip we just
heard. You may think that yourportfolio is strong or quite strong. I

(09:31):
would just venture to say it isn'tincredible opportunity that's available to you right now.
For a second opinion on your portfolio. I have a wonderful gentleman here,
Jonathan O'Reilly, my investment advisor,and we do what's called the portfolio
observation report. That's when we don'tjust um speculate on your portfolio. We

(09:52):
dive deep into it as a nonbiased, fact based report. But right
now, this offers for the nextten callers in the next ten minutes,
and I'm gonna call it to getreal plan. Folks. Sometimes we're living
according to a script that's just notthe right one. And uh, you
know, if you call it rightnow, I'm going to provide you with

(10:13):
the script that is proper and includesall of the things important to you as
you are approaching, or moving to, or even in retirement. We want
to build you a plan that lastdo it the right way. Eight hundred
nine four zero six nine seven nine. That's the offer for the next ten
callers. Sounds great, trip,Give us a call eight hundred and nine
four zero six nine seven nine.You'll get the comprehensive financial review and you

(10:37):
get the roadmap to get you onyour road to retirement. Eight hundred nine
four zero six nine seven nine,And we will come right back with lots
more on the road to retirement withTrip Limehouse. Do you ever feel like
you are fighting for financial knowledge?Don't let that advice be a punch in

(10:58):
the gut. Change you're a retirement, take advantage of a complimentary and no
cost, no obligation consultation with alocal, trusted financial coach called Trip Limehouse
at eight hundred and nine four zerosix nine seven nine, or text trip
tripp to eight hundred and nine fourzero six nine seven nine. That's eight
hundred and nine four zero six nineseven nine. Or text trip to eight

(11:20):
hundred and nine four zero six nineseven nine. Hey, welcome back,
everybody. This is the road toretirement with Trip Limehouse. We are cruising
today, no question about it.Got the tunes playing loud, and we're
talking with Trip Limehouse about getting toretirement. He's been helping folks for more
than twenty years. Give him ashot. Eight hundred nine four zero six

(11:43):
nine seven nine. You can alsofind him at limehouse Financial. Limehouse financial
dot com is the website Trip.We're going to continue with this a Hollywood
theme. I'm kind of liking it. Let's let's just jump in. Here's
the next one and see we'll seewhat the setup is. Nobody, okay,
if you've worn buffet or if you'retimmy of it, nobody knows if
the stock is gonna go up downsideways or in circles. Least of all

(12:05):
stock brokers, Matthew McConaughey, lestleast of all stock brokers exactly. So,
I mean, here's my thoughts onthe Wolf of Wall Street. Folks.
You know, what we're doing iskind of having some fun today on
the Road to Retirement show, andum, we're playing in some clips.
That one was from the Wolf ofWall Street Matthew McConaughey and a specific time

(12:28):
there where he was talking about,you know, the market and broker.
So I mean, I think thisis why. So this is my thought,
Okay, I think that this iswhy asset allocation and risk tolerance are
such important topics to discuss with me, okay, because here's a deal.

(12:52):
I have seen people that have largelyinvested in equities stocks and you know,
they have had a lot of appreciation, but they've had a lot of risk.
And the downside to that is itcomes with limited opportunity if you will
to kind of forecast and track thelong term viability of any particular set equity.

(13:16):
So, folks, you know,when you're considering investing, I want
you to think more outside of thebox. This is awesome because I just
scheduled in an appointment with the gentlemanthis week and these were his words.
Trip, I called you. Iheard you on the radio, saw you

(13:37):
on TV. But I called youbecause I've been working with a broker for
the last twenty four years, andI've recently retired. I don't need to
work with a broker anymore. Ineed to work with the planner who's going
to help me do the best Ican from this point forward for twenty five

(13:58):
years what the broker helped me doup to this point. So I told
him, Sir, I value thatcomment so much because he recognized that by
working with Trip Limehouse at Limehouse Financial, he was working with a guy that
specializes in income and distribution planning.So, folks, that's what we do.
We show you how to don't getme wrong. We help all ages,

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okay, all right, and wedon't have any minimums here, so
we help all people just starting out, are people with millions whatever. But
you know we're focusing laser focused onthe backside of retirement, and folks,
you need that, Okay. Ido workshops all the time. I ask
questions all the time. Do youhave a written plan for retirement? The
answers typically no. I ask peoplein the workshop all the time. Do

(14:45):
you have an income and a distributionplan? Of the answers no. So
anyway, you know, Steve,I think that quick story of the gentleman
who scheduled that appointment with me justreiterates the fact that you know you can't
maybe do the same thing that you'vealways been doing to get to the place
that you want to go and staythere and be in control. Eight hundred
and nine four zero six nine sevennine is our number here at Limehouse Financial.

(15:09):
We want to help you be successfuland in control of your retirement.
Give me another one of these clips. We're having a farm time today.
This is a good one. Iknow this one only too well. Here's
the plant. We were all afew bucks, just a small loan from
the briefcase when we find ourselves somereasonable logics, a good plant, and
we'll keep track of all the moneywe spend with IO. We'll be meticulous,
right down to the last penny.Here whatever we bow, we pay
back. We're good for the worksare fun. This is the Hotel Dambrey

(15:33):
Presidential Sweet gentlemen, normally reserved fullof royalty. We'll take it. Normally
we serve full royalty, won't takeit. Yeah, all right, that
was a good clip from the movieDumb and Dumber, Right. I mean
those two are intense, Jim Carreyand Jeff Dales. So the funny thing
is they're you know what they're doingthere is they're taking They're discussing taking the

(15:56):
small loan and reasonably spending the moneyon lodge about that. You know,
this reminds me of um, youknow, how people come in to see
us here at Limehouse Financial and we'retalking about helping them build a plan to
get to where they want to go. I mentioned to them, Hey,
you know what this is a Theplace you're going is an unknown You've never

(16:17):
been there before. So why wouldyou ever consider going somewhere that you've never
gone before without mapping it out,knowing how you're going to get there,
what it's going to look like,how long can you stay there, etc.
Right, So you know the parallelbetween this Hollywood clip and folks,
what we're doing is having a littlefun today on the Road to Retirement show,
plugging in some of these Hollywood clipsand maybe learning about things that m

(16:41):
are there. They're you know,applicable and practical in some manner. We
are learning what to not do.But you know these guys well, first
of all, I'd say that thetitle of that film speaks for it self
dumb and dumber, right, Butbut realistically, people make this mistake all
the time when borrowing money from theirretirement accounts or taking a loan out of

(17:03):
their retirement account. I mean,you know, if you're failing to live
within your means, whether as aretiree or a pre retiree, it can
be devastating when all is said anddone. So, I mean there's a
lot of folks that just don't knowthe penalties associated with borrowing from a retirement
account. Folks don't make that mistake. Again, I circle back to the

(17:26):
main thing is you just need tobuild a plan. You need to have
a plan for where you're going andknow what it's going to look like.
And that's the type of work wedo here at Limehouse Financial. From a
fiduciary capacity. We only make recommendationsthat are based upon your best interest,
and we do involve the green lineprinciple, a safe money strategy where you

(17:47):
can't lose any money. You've gota lot of potential for upside, and
you know, we do it anoverall in a plan. But the main
thing that our clients are sharing withus is that after we implement the plans,
they are confident and they're comfortable andfeeling good about where they're going.
So give us a call. Wedo the same thing for you, hasty.

(18:07):
We got time for one more.Sure we do. Here we go.
My grandmother gave me a savings bondwhen I was a kid. I
get twenty five dollars in nineteen ninetythree, so that'll be good. Oh
yeah, Adam Sandler, I amabsolutely crack it up today. This is
so much fun. So the dealis And that was Adam Sandler. Yes,

(18:30):
as you just mentioned. No,that's the wedding singer, right,
that the wedding singer. Yeah fromthe Yeah. You know, as we've
done these first two segments today onthe Road to Retirement Show, we've kind
of tied some fun in with it, listening to some clips from some movies
and we were trying to, youknow, pull out of that silliness if
you will some practical knowledge that wecan apply. Folks, I think a

(18:52):
piece of practical advice would be rightnow to give me a call. Eight
hundred nine four zero six nine seventynine. I want you to ask me
for the retirement script, okay,because I'm going to provide you with it.
This is for the next fifteen callers. In the next fifteen minutes.
I'm going to provide you with theretirement script and it's going to give you
what you need to get to whereyou want to go and stay there and
be in control. Eight hundred ninefour zero six nine seven nine. Make

(19:15):
that call today while you're thinking aboutit. Eight hundred nine four zero six
nine seven nine again eight hundred ninefour zero sixty nine seventy nine. Fake
news has become the norm, andit can be hard to separate fact from
fiction. So back by popular request, financial advisor MythBusters is back to clear

(19:37):
up some of those common and controversialmisconceptions stick around. Getting the right retirement
strategy suited to your unique needs anddesires is called hitting the bull's eye.
You can say I nailed it,you actually should say we nailed it,
because there's a firm right there arewith you putting together the pieces of your

(20:02):
own retirement puzzle. It's a bull'seye plan for you. Called Trip Limehouse,
host of Road to Retirement eight hundrednine four zero six nine seventy nine,
or text Trip Tripp to eight hundrednine four zero six nine seven nine.
We've made it easy for you totake advantage of this fantastic offer.
All you have to do is callor text Trip to eight hundred nine four

(20:22):
zero six nine seven nine. Hurricanes, tornadoes and fire, these are serious
situations we plan in advance for theVolatility of the market can be just as
devastating when a market correction does occur. There are strategies you can employ to
bounce back. Called Trip Limehouse andhis team at Limehouse Financial Today at eight

(20:44):
hundred nine four zero sixty nine seventynine, or texts the keyword Trip to
eight hundred nine four zero sixty nineseventy nine. We've made it easy,
folks. All you have to dois call or text the keyword Trip to
eight hundred nine four zero six nineseven nine. Hey, welcome back everybody.

(21:06):
The Road to Retirement continues today withTrip Limehouse as it does every weekend
right here and Trip of course theguy behind the Green Line principal twenty plus
two years helping folks see in hisbusiness and his partner, Jonathan O'Riley call
in my right hand man. Yeah, okay, all right, fair enough,
Yeah, yeah, yeah. Jonathanis actually he is a Limehouse Financials

(21:26):
investment advisors. Well, he's afiduciary, right, he's yeah, and
he's looking us in a lot ofcapacity. We have only making recommendations that
are based upon someone's best interest.And one of those things is um you
know, sometimes people come in andthey have a misconception or there's something that
there's a fallacy okay that's out there, and they'll put it on the table.

(21:52):
And one of the things we dohere different at Limehouse Financial, which
by the way, we can bereached at one eight hundred nine four zero
six nine seven nine Again one eighthundred nine four zero six nine seven nine
are on the web at limehouse financialdot com. One of the things we

(22:14):
do though is really spent a lotof time getting to know people and Steve.
What we find is and this isawesome. It's a phenomenon is that
people, when they do come andsit with us, have such a comfort
level that they often open up andwill share things with us. And sometimes

(22:40):
these things that they share with us, they've been very guarded and they've never
really verbalized before. In particular,they've never verbalized it with a planner like
me or Jonathan, because I thinkthat in some way they don't want to
be portrayed or portrayed themselves. Ishould say, as as um not experienced

(23:03):
or unknowledgeable or whatever, right orignorant as to these things, you know
what I mean. So so I'mso very very grateful when I can sit
with somebody, when Jonathan can sitwith somebody. And folks, we encourage
you to come on in. Okay, call a call right now for your
complimentary, no cost, no obligationappointment. Come spend an hour with us.

(23:26):
Let's see if we can help you, okay with your financial planning.
Eight hundred and nine four zero sixnine seven nine. But I'm so honored
when people open up and talk aboutthese things, because we do say that's
incorrect, that's a misconception. Whatyou just told me that you want to
do is not the best way foryou to do what you want to do.

(23:49):
What you what you have that youthink is the best thing is not
the best thing, and and andand and we're not afraid, uh to
challenge somebody. And I think thatpeople really value that because we're just doing
our job. I mean, youknow, we just look at people.
We were like, hey, we'reyou know, all right, hey,

(24:10):
thank you for telling me that.UM. And there's some things I need
to clarify on my end, becausewhat you're saying is not accurate. You
have a you have a misunderstanding.One of those things folks have a misunderstanding
on is a long term care UM. You know, this is um a
big topic because people are living longer, which, by the way, since

(24:33):
you're living longer, you need tobe really concerned about longevity risk. And
longevity risk is simply the possibility ofyou outliving your money. And if right
now, as I'm saying that,you're like that sounds like it would suck,
you're you're you're correct, it wouldabsolutely suck to run out of money.
Okay, you never want that tohappen. And by the way,

(24:55):
we've got a we've got a veryparticular strategy that we call the personal pension
plan and we can show you howto take that risk off the table about
living your money, ask us aboutthe personal pension plan eight hundred and nine
four zero six nine seven nine.But longevity risk is one of the top
risk you face. And coming backto the long term care, it's probably

(25:17):
the you know in the number threespot of what you face. And the
myth is that you might not needit, Okay, The myth is that
the government's going to take care ofyou. The myth is that Medicare pays
for it, right, or themyth is that you have enough money to
pay for it on your own.So I can just share this story with
you. Client, we're start workingwith him five years ago. His wife

(25:38):
got early on set dementia. Heput her into a facility ten thousand dollars
a month. Okay. Now,we had done good planning, but they
did not have long term care insuranceand I had talked to them about it.
They declined it. They didn't wantto do it. Okay, no
problem. My job is just tomake the recommendation. It doesn't necessarily mean
people follow it. So anyway,ten grand a month, but basically and

(26:00):
she just passed away not too longago. Basically, what was eliminated was
that it took her about twenty fiveyears to save what she saved into the
hundreds of thousands of dollars, andin a period of less than two years,
all but about twenty five percent wasleft. I mean, she spent
seventy five percent on taking care ofherself and then now her husband is still
alive and he has to live onthe less amount of money. So a

(26:23):
myth is that you don't need longterm care or you don't need to plan
for long term care. Folks,there's a lot of ways you can plan
for long term care. And Iam certified long term care I can help
you with this, Okay, justbe aware of it, do not discount
the possibility that you could encounter itor your spouse could encounter it, and
let's work it into your plan.My guess is that a lot of people

(26:45):
out there are familiar with this,you just don't really know how to how
to deal with it. Come onin and see us will build you a
long term care plan. We doit in different ways. We have asset
based long term care planning, weuse hybrid long term care planning, traditional
long term care planning. I mean, there's a lot of ways that we
can build this into your plan,which, by the way, is the

(27:07):
most important thing that we can dofor you is build you a plan.
You know. One more quick mythis that all debt is bad. Yeah,
so just I mean, real quick, I'm going to just throw this
out there. I mean, itis the greatest killer of wealth and Steve.
People need to know, you know, what's right for them, and

(27:27):
they do need to understand what's agood debt and a bad debt and how
it can work for you and againstyou. You know, we would like
to help people develop a debt reductionstrategies. Oftentimes we look at mortgage acceleration
and build that into a financial planfor people so that they can have their
house paid off by the time theyretire. Oftentimes will help them cultivate a

(27:49):
debt reduction plan or debt consolidation plan. I mean, you know, we're
going above and beyond really what wedo because we want to help our clients
succeed. Folks, I want tohelp you succeed. This is what we
do at Limehouse Financial. We helpyou get to where you want to go,
stay there, and we do itin a myriad of different ways.

(28:10):
It looks different for everybody, butone thing's for sure, is it you
know, it doesn't matter who youare listening right now. You need a
plan. You just have to haveit. And that's what we can provide
you with a financial plan that's goingto put you in control, get you
where you want to go, andkeep you there. And you can do
it knowing that it's yours. Eighthundred nine four zero six nine seven nine.

(28:33):
Give me a call right now,ask me to build that plan for
you. I'll do it. Soundsgood to me. Eight hundred nine four
zero six nine seven nine. Makethat call today while you're thinking of it.
Don't put it off for a crossdonation is not a good thing,
so don't put it off another day. Eight hundred nine four zero six nine
seven nine. Eight hundred nine fourzero sixty nine seventy nine. Let's take
a one more break and come onback. Continue our trip on the road

(28:56):
to retirement with trip Limehouse. Howdo you even know what questions to ask
your financial advisor or your broker,or your planner or your insurance agent.
When we get back, I'm goingto answer some of the biggest retirement planning
questions to help give you the edgeover others. This is such a blow

(29:23):
to avest. Do it right now. Bring It takes courage to face up
to things like volatile markets and WallStreet money traps. If you're unsure,
worried, or losing sleep about yourmoney, do something about it. Called
Trip Limehouse, host of Road toRetirement eight hundred nine four zero six nine

(29:44):
seven nine, or text Trip trippto eight hundred nine four zero six nine
seven nine. We've made it easyfor you to take advantage of this fantastic
offer. All you have to dois call or text Trip to eight hundred
nine four zero six nine seven nine. Welcome back, everybody the road to
retirement with Trip Limehouse. That's whatwe're talking about here today. Trip of

(30:04):
course is guiding us along, coachingus up all every step of the way.
I'm making sure we avoid the thedetours and the construction zones and the
bumps in the road. That's whatTrip can help us avoid and get to
retirement and feel real good about it. Right, Trip cruise and cruise down
the road comfortably. Yeah. No, I mean so, I always talk

(30:27):
about the road to retirement, andthat is the name of our show,
the Road to Retirement Show with LimehouseFinancial and kind of like, tell I
guess maybe this is my elevator speechwill be like, well, what do
you do for living well? Ihelp people avoid the wrong turns on the
road to retirement that can lead topotential dead ends. And sometimes people are

(30:48):
perplexed or like, wow, thatsounds pretty interesting. Tell me more,
Yeah, do tell you know,tell me more and you know, And
so I'll spend a little time andlet them kind of diving a little deeper
with us or whatnot. But weare definitely cruising along today on this show
and having a great time. Ijust want to give a shout out to

(31:11):
all of my long time listeners.Hey guys's good to be with you again.
I know there's a lot of youout there. Steve At we've been
doing this show, I think comingup on three years now, maybe maybe
even pass that point. But um, you know, I mean we're I
meet people just out and about ohyour trip Limeouse. Yeah, I've been

(31:32):
listening to your show or I mean, you know whatever, and it's it's
pretty cool. But um, thebest part about it is we get to
get a message out to folks outthere. On an ongoing basis and educate
people on things they need to knowabout and things that they need to learn
about, on things that they needto implement. I mean, the Road
to Retirement Show with Limehouse Financial isabsolutely not your average ordinary retirement planning talk

(31:56):
show. That's simply because Strip myMouse is not your average ordinary retirement planner.
Just you know, this is whatwe do, and I love it.
I specialize in helping people get thereand stay there and be in control
while they are there, and doit with passion and with intentions. So

(32:20):
and you know another guy that doesthat is my investment advisor, Jonathan O'Reilly.
He's here, works for Limehouse Financial. Great guy and people love him
too, as they should. So, you know, this is the questions
that people out there, Steve needto be asking themselves and others you know,

(32:43):
that they may be working with whenthey're planning for retirement. I think
that I don't know, My experiencetells me that oftentimes the questions that people
come up with they kind of stemfrom I don't know. They like,
they're wondering how this place that they'venever been before, how it's gonna look.

(33:07):
Okay, They're they're they're wondering howto get there, and they're wondering
like how long can they stay there? So you know, pretty much whether
people come in and they have onehundred thousand dollars or whether they have three
point six million dollars, it's thesame thing, okay, And that's same

(33:29):
thing. That common thread that peoplehave is they just want to know that
they're gonna be okay. So thisis a pretty cool segment we've got going
on here. Questions to ask uswhen you come to see us, okay,
and I want to let you know. You can call us at eight
hundred and nine four zero six nineseven nine. We can be visited on

(33:50):
the web at limehouse financial dot comand we want to see you. We
will meet with you for a nocost, no obligation appointment. One or
two things will happen. I meanwe'll say, hey, we think we
can help you, or hey,you're doing pretty good. Stay where you
are. By the way, rightnow is a great time for a second
opinion. Things are changing in theenvironment literally economic environment, at the world

(34:13):
stage, I mean just all acrossthe board. There's things that are changing
politically, etc. And we needto be aware of it and I think
that really people need to know aboutthe things that they can control, because
quite frankly, that's what you needto be doing, is you need to

(34:34):
be controlling what you can control,and you didn't need to be managing what
you can manage, and then therest you just kind of have to go
along with. But what I canshare with my listeners right now is that
if you fall into the category ofbeing a person who has made the decision
to control all that you can control, you're gonna be much better off compared

(34:58):
to the person that did not makethat decis so part of that is again
I'm just reiterating giving us a calleight hundred and nine four zero six nine
seventy nine coming in and seeing us, and uh, let's you know,
see where you are and talk withyou about you know, what's happening,
and you know, maybe you're doingthings the old way and you need to
need to just learn about the newway to do things. Maybe there's one

(35:22):
little technique or strategy or whatever thatyou could implement that could change your direction
on the road to retirement journey.So so, in an effort to help
people prepare for their financial future,here here's questions that I think they need
to be asking themselves and me whenthey come to see me. First one

(35:43):
is how much do I need toretire? Okay, well, yeah,
how much? But that's a Imean, that's a very broad question,
and it's and it's different for everybody. I mean, you know, just
because you have a million dollars orsomebody has five hundred thousand, I mean,
each one can have a comfortable retirement. Oh yeah, well, and
comfortable is different for each person thatwe see. You know, like I

(36:07):
drive an oh three suburban with threehundred thousand miles on it. That's a
rust bucket. And uh, youknow what I think. I think that
that bad boy is comfortable. Whydo I keep driving it? Because it's
I think it's awesome. It's Imean, I'm driving down the road.
I feel like I'm in a caddy, you know, Amy says. Amy

(36:28):
says, honey, it's time fora new new truck. Get a new
truck, getting new truck. Well, I mean I like mine because it's
comfortable, you know, so,but everybody's everybody's different. Somebody might think
a brand new Silverado would be morecomfortable, and in fact it might be.
But you know, I like Ilike mine. Okay, well it's
paid for and cheap to ensure,right, Yeah, and yeah exactly,

(36:50):
it's and the dogs can get init, and I don't worry about Fozzy
and Daisy hop in the back.We're going for a walk. You know,
they hoped I take him to thepark whatever to hop in the back
and it gets a little dirty backthere. I don't care, you know,
so exactly, but but so,but the question how much do I
need to retire? That's different forevery person. Okay, uh, it's

(37:10):
gonna we're gonna need to narrow itdown, like, well, first of
all, let's talk about, youknow, what's your budget, what does
it cost you to live right now? And then let's talk about what do
you want because those are two differentnumbers and we need to take an account
both of them. But I thinkwhere people may go wrong with this question
because I don't know. In essence, you could think how much do I

(37:31):
need to retire? It's kind ofcliche. Well I've heard I just need
this, right Okay, Well,in essence, you know, it's gonna
going to depend on what you arechoosing to do. If if you're comfortable
being home, maybe not going alot, doing a lot, maybe just

(37:52):
you know, gardening and things alongthose lines and hanging out around the house.
That that's totally different than someone whohas a drive to really go see
the country, you know, travel, visit family who doesn't live close by,
maybe do some international travel, becharitably inclined, I mean whatever.

(38:12):
So the number is different for everybody. The amount of money that each person
needs for retirement is going to varydepending on factors, definitely, And those
factors I would say they definitely aregoing to include like what did you make
prior to retirement, and what kindof lifestyle do you want to have in
retirement? And how much have yousaved for retirement already? And what's your

(38:35):
time horizon? I mean, there'sa lot of different things. But but
so, I mean, gosh,and in such a would on the surface
appear to be an easy question,there's a whole lot more to it.
How do I how much do Ineed to retire? In folks, because
there is so much that goes intothat question. That's why you really need

(38:57):
to come see me. I meanit is you are the most important person
to yourself if you think about it, and you are responsible for yourself and
to be a good steward of whatyou've been blessed with. Sometimes you need
the help of a professional that's goingto put it all together for you and
you know, give you what youdeserve, which is the four letter word,

(39:20):
the P L A N eight hundrednine four zero six nine seven nine
call me, ask me for it. It's yours. Okay. Another question
I want to come up with,and that I've been thinking about as we're
going through these These are questions thatyou need to be asking yourself, and
you need to be asking me whenyou come to see me. How about
possible early retirement? About that?Well, I mean again, it depends,

(39:43):
right, I mean, sometimes peoplecan retire early and sometimes they can't.
That's correct. Sometimes they can andsometimes they can't. Sometimes you got
to give them that bad news,don't you. Okay, Well, first
of all, I think that that'sour job here at Limehouse Financial is Income
and Distribution Planners, is to builda plan and to demonstrate to somebody from

(40:07):
a fact based perspective, yes,you can to retire and here's what it's
going to look like, or youneed to work an other you know,
however much longer and you need tosave, however, much more to do
what you're telling me you want todo, Okay, I mean there's again,
there's so many factors to consider whenit comes down to determining if a

(40:30):
person is financially prepared to retire.I mean again, like, what's their
current savings and investments, what aretheir goals? And really the only way
to position somebody for an early retirementit's going to involve a thorough and comprehensive
plan. I'm working with a coupleright now, fifty two and fifty seven

(40:50):
years old. They said, hey, we're done in two years, you
know, fifty four and fifty nine. And what's going to enable that couple
to retire early is the fact thatat age fifty nine and a half they
can start taking withdrawals from their qualifiedretirement accounts without a ten percent penalty.
So you know what Jonathan and Iwere able to do for this couple,

(41:12):
one hand, to retire from dominionand one from lexing to medical center.
Those are two two big entities aroundhere. We seem to work with a
lot of people from those those places. But what we're able to do is
build a plan catered to them retiringearly. Right and uh, And it's
a wonderful thing because they're just there. These guys are ready to do some
lifestyle things like um, buy anRV and uh, start traveling to the

(41:35):
country, you know, that kindof a thing. So we're super excited
and we welcome. I know they'relistening, listening because that's what got him
to the office to see us.So I'm welcome then, welcoming them into
our Limehouse financial family and also excitedabout what's going to be happening with them.
But folks, it could be possiblefor you to retire early or maybe

(41:59):
not. One thing you don't needto be speculating on is that. And
we can narrow it down for youa pinpoint it and tell you if you
can or you can't. Eight hundrednine four zero six nine seven nine.
Another common question that you need tobe asking yourself and also me, how
long is your my money gonna last? How much is my money? How

(42:20):
long would my money last? Well, folks, there's a lot that comes
into that as well. Number one, you know, we tie it back
into what do you need to live? What's your retirement budget? Right?
Number two were tied into what doyou want? Okay, and then number
three, we got to take alook at you know, how long do
we think you might live, Solife expectancy, that's an unknown, but
we got to target something. Weneed to include taxes and inflation along the

(42:44):
way. Unfortunately those two things aren'tgoing away, and we also need to
incorporate along the way the green lineprinciple. Now, if you if you're
new to the show, you maynot have heard me talk about it,
but the green line principle is asafe money strategy that preserves and protects what
you've already worked so hard for.There's no downside and a lot of upside

(43:06):
potential. And anybody who's listening tothis show right now, I want you
to know you absolutely need to incorporatethis into your plan, and more than
likely you have not done so asof yet. So this is wonderful that
you're with me today on the Roadto Retirement Show. Eight hundred and nine
four zero six nine seven nine.That's the number you want to call so

(43:30):
that you can learn about how toimplement the green line principle. But more
importantly, you know, learn howto just get a plan so you know
where you're going. Okay, becausefolks really how long will your money last
in retirement depends on a lot ofthings. I just want to share with
you. There's a lot of youout there right now that are wondering,

(43:50):
can you retire because you've lost moneydue to the market and the volatility that's
been associated with it. Well,there are strategies right now that we can
show you how to maybe recuperate tenfifteen percent what you have lost and come
up with the way that you willnever outlive your money. Okay, So
the offer right now for you guyslistening, This is for the next fifteen
callers in the next fifteen minutes oneeight hundred nine four zero six nine seven

(44:14):
nine. The offer right now isfor the income in the distribution plan.
You gotta have it, folks.Everybody out there needs an income and a
distribution plan. Calling right now,I will build it for you, provide
it for you. You'll be betteroff for it. Eight hundred nine four
zero six nine seven nine. Folks. That's how you get the ball roll
and make that call right now.You're going to get that comprehensive financial review

(44:35):
the trip just describe, plus allthe extras that go along with it.
There is no cost, there's noobligation. It just takes one phone call
eight hundred nine four zero six nineseven nine. Eight hundred nine four zero
six nine seven nine. Questions toask your financial advisor, your broker,
your planner, your insurance agent.Questions to ask me. We've been talking
about those, and we got abunch more coming up. Keep tuned into

(44:58):
the road to retirements. Joe,you've worked all your life, you've saved,
you've followed all the rules. Nowit's time to retire. Here's the
question. Who do you want relaxingand taking it easy, your nestach or
you? Well, of course youwant to relax and travel and enjoy and

(45:22):
nestagg You've got more work to dofor a retirement that maximizes your portfolio,
your social security, avoids unnecessary risk, protects you from pitfalls, and frankly,
lets you retire, and keeps thenest age working. You need a
retirement partner. You need someone lookingout for your best interests and building a

(45:44):
plan for you based on your situation. Called trip Limehouse at eight hundred and
nine four zero six nine seven nine, or text trip tripp to eight hundred
and nine four zero six nine sevennine. That's eight hundred nine four zero
six nine seven nine or t Xtrip to eight hundred and nine four zero
six nine seven nine and welcome backeverybody. This is the road to retirement

(46:08):
with Trip Limehouse having a great timetoday. I always like the you know,
it's better than a Sunday drive trip, you know, cruising with you.
It's a it's a very exciting time. You get us to retirement.
I mean, that's got to makeyou happy. You get to retire every
day. Yeah, you know,sometimes sometimes Amy tells me, hey,
Trip, you still do have ajob. You are not retired. She'll

(46:30):
remind me of that. Yeah,But I mean to see the looks on
people's faces when they finally say allright, I'm gonna do this and you
help them get there, that's avery yeah. I mean we talk about
that all the time. That's that'sthe most rewarding part of our job.
I mean, you know, weget to share with people. Hey,
we're rewarded handsomely for the work thatwe do. We do it all with
honesty, character and integrity. Um. You know, we we generate revenue

(46:54):
here at Limehouse Financial. We keepthe lights on, we pay bills,
pay salaries at but the ultimate compensation. You can't put a price tag on.
And that is, um, kindof what you were alluding to.
When we see our clients year overyear and are doing our reviews of the
financial plans that we have implemented withthese said clients, and we are seeing

(47:20):
them be successful and continue to besuccessful, you can't put a price on
it is very very pleasing. Buth I was kind of joking if so,
if we got some new listeners,you might not know. I was
just mentioning Amy a minute ago.You might not know who the world is
Amy one. That's my wife andI always just trying to let her know
how much I love her when we'reon the show. So Honey, I
dude, love you. A sidenote just that this listeners will get a

(47:45):
kick out of this, especially allyou gardeners out there. Um. I
was out by the mailbox um thisweek, and I had gloves on.
It doesn't happen very often. Andshe looked out the front window because dinner
was ready, and so she walkedout and she said, what are you
doing. I said, I'm justpulling up some weeds. And she said,

(48:06):
honey, those aren't weeds. You'repulling up my flowers's whoops, whoops.
So sweetie, I'm so sorry,I said, I said okay,
and she said, I said,did you come out here to tell me
anything else? And she said,well, dinner's ready also, So I

(48:27):
quit weeding, I quit pulling upthe flowers and went in and had dinners.
Sorry about that, honey, Ilove y'all. But I'll get you
some new flowers. I'll plan themfor you. But all right, So
these questions the last segment, wewere going into these questions that people need
to be asking themselves and also askingme when they come to see us.
We got through a couple of them. How much do I need to retire?

(48:49):
Is it possible for me to retireearly? How long will my money
last? Um? And uh,you know, I wanted just to continue
on with them because these are somereally darned good ones. Eight hundred eight
hundred nine four zero sixty nine sevennine is how you call into the Road
to Retirement show. Question that folksneed to be asking themselves, as regarding
social security, when should they filefor their benefit? Well, you know,

(49:13):
folks, I am a social securityand income planning expert, and I
will provide you with what's called aSocial Security roadmap. I mean, here's
the deal. You can start startedas early as sixty two. You can
take it as late as seventy.A lot happens between those two ages.
For most folks out there, fullretirement age is sixty seven. That's when
you get one hundred percent of whatyou're eligible for. However, Ever,

(49:35):
if you do wait till seventy,your benefit will be greater. If you
begin at sixty two, your benefitwill be less. Don't take this decision
lightly, or this question lightly whenshould you file for your Social Security benefit?
And don't guess okay, because it'sone of the most important decisions that
you will make from this point forward, and I want to help you make
that right decision. That's why youjust need the Social se Scurity Roadmap eight

(50:00):
hundred and nine four zero six nineseven nine. I'll give you a Social
Security roadmap. It will answer thatquestion for you, and that ties into
the next question, which you know, which is for most people for retirement
age, just to you know,kind of tack onto what we were talking
about. According to SSA SoC SecurityAdministration, the law raised full retirement age

(50:22):
beginning with people born in nineteen thirtyeight or later. The retirement age gradually
increases for a few months for everybirth year until it reaches sixty seven,
which I mentioned a minute ago,and that's where people born in nineteen sixty
and later. So one more thing. This is huge. So Steve,

(50:43):
there's a lot of people out therethat have a pension, and some of
them have a cash balanced pension plan. They need to know what to do
with it. So this is aquestion folks need to be asking themselves and
also us. Should I take mypension as a lump sum or in a
monthly install months wold question. Ijust a minute ago I said that social
making the decision on when to filefor social Security could be one of the

(51:05):
most important decisions, or maybe isone of the most important decisions that people
will make. This would fall rightup there with it take a lumpsom or
taking a monthly installments. First ofall, I want you to know we
do what's called the pension analysis,the pension analysis, So if you have
a pension and it's a cash balancepension plan, you need to get the
pension analysis from us. Because whatit is is this this document. It

(51:30):
clearly defines, Hey, the bestthing for you to do is to take
the income that they're offering you,or you should roll it into an IRA
and incorporate it into your individual financialplan. So if you do the rollover,
it's a not a taxable event andyou're in control and you have a
plan, and you still have allof your money. If you take the

(51:51):
income on a monthly basis, thenyou don't have all of your money anymore.
You just have the monthly income.Okay. Now, folks, your
income during a retire will determine youroutcome during retirement, which is why guaranteed
lifetime income is so important. Imentioned the personal pension plan, so you
know, oftentimes for people that havea lump sum pension, we can create

(52:14):
better income or higher income and youstill have your money, your cash by
using the personal pension plan. Soask me about that. I have mentioned
it throughout the show today. Hey, I'm so thankful that we could spend
some time together. I mean,we went through a lot of these just
kind of overall questions in this segmentand last segment that you should be asking
yourself and me when you come tosee me. I do want to visit

(52:37):
with you here in person at ouroffice located in Lexington, and I'll do
so, no cost, no obligation. Folks want to get to know you,
learn about you, know where youwant to go, where you are
I don't want I want you toknow that you can come to a place
where you can be comfortable and whereyou can be educated. Learn about things
that you need to be you know, implementing, learn about things that you

(52:59):
don't need to be doing. Okay, we'll help you. That's our job.
Come on in and see us.Eight hundred nine four zero six nine
seven nine is our number. Greateight hundred nine four zero six nine seven
nine, just a strip said,give us a call, Come on in,
get that comprehensive financial review, andget the roadmap to help get you
to where you need to be.Eight hundred nine four zero six nine seven

(53:21):
nine. Eight hundred nine four zerosix nine seven nine. Trip is always
a pleasure. This time goes byso quickly, but the information rock solid.
Great to be with you, Steveand with all of our listeners.
Hey tune in next week for anothergreat episode of the Road to Retirement Show
and until then, God bless you. Information provided is for illustrated purposes only

(53:43):
and does not constitute investment tax orlegal advice. Information has been obtained from
sources that are deemed to be reliable, but their accuracy and completeness cannot be
guaranteed. Either Trip Limehouse nor hisguests are liable for the usage of information
discussed. Always consultable the qualified investment, legal or tax professional before taking any action