Road to Retirement 05-24-2025

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):
We live life in stages, childhood, school, careers, raising families,
and eventually we reach the final frontier that most of
us will experience, retirement. Now, retirement doesn't have to be
scary or uncertain. With some solid planning and a little
attention to detail, that road to retirement can actually be

(01:26):
pretty smooth.

Speaker 2 (01:28):
Do you want to avoid taking a wrong turn on
your retirement road?

Speaker 3 (01:33):
The road to retirement is a long one, and you
just don't want to make rock Well.

Speaker 2 (01:38):
Buckle up. We're getting ready to take a retirement road
trip together. It's the road to retirement with Trip Limehouse.

Speaker 3 (01:46):
It's the perfect diamound to map it out. That road
to retirement.

Speaker 2 (01:50):
Is key, is key, get on the road to financial
security and independence. Just like many of Trip's happy clients
and retirement partners.

Speaker 3 (01:58):
My money is saying in the green line principle that
you taught me about. Thank you so much.

Speaker 2 (02:04):
Let's get this trip started. It's the roads retirement with
Trip Limehouse.

Speaker 4 (02:12):
Hey, welcome on everybody. This is the road to retirement
with Trip Limehouse. Trip is well. Trip's been helping folks
for a couple of decades and then some getting to
and through retirement. He's the guy behind the green line principle.
We'll talk about that and so much more. Trip a
was a pleasure. How are you doing good, Steve. It's
good to be with you and also all you guys
out there in radio land. Welcome to another episode of

(02:35):
the Road to Retirement Show with Limehouse Financial. We are
having fun helping people talk about life stages. I tell
you what I reflect back on mine, and there have
been many, and I'm sure there will be many more.

Speaker 3 (02:49):
How about you. Can you pick one, Steve that stands
out to you. Was it when you're in the seventies
and you were on the disco floor? What was it?

Speaker 4 (03:00):
No, that was not me in the seventies. I was
firmly in rock and roll land at that point.

Speaker 3 (03:06):
Yeah, I think of a stage for me and Amy.
You know, when we were out following the Grateful Dead.
I mean, you know, we had no kids, no responsibilities,
and we were just so into music. We still are,
you know, and it's still big Grateful Dead fans. But
we would travel all around and you know, I tell
the story and it's true. We would sell grilled cheeses

(03:28):
and sodas to you know, earn money if you will,
to buy tickets and put gas in the car and
continue to travel to the next show. And it was great,
you know, so different stage. Now what stage are we in? Well,
here at Limehouse Financial, we are in the stage of
helping you guys out there make sure that you were

(03:50):
on the right road to retirement. And it doesn't have
to be rough. I mean we were talking about that,
you know, Steve, we talk every day about how it
can just be smooth for people.

Speaker 4 (03:59):
You know, mh, Well, it can be smooth, and that's
the beauty of a plan. But that's the key. You
got to have a plan in place then that will
help smooth out your ride into retirement.

Speaker 3 (04:11):
Yeah. I think that comes down to I think the
older I get, the longer I'm alive, the new stages
of the life that come around. I really learned that.
And you know, when I was younger, you know, I
didn't really have a plan obviously, when we're in that
stage following the dead, you know, there was no plan.
It was like, let's just go with it. But the

(04:31):
old times wake up in the morning just to wake up,
So that's a good plan. But now now I see
and realize that, you know, to accomplish certain goals, there
has to be that four letter word, the P L,
A N. And I'm gonna just break it down, Steve,
let's talk about six stages of retirement. I'm going to

(04:51):
talk about what they are, how to recognize them, and
I want to share with people how to navigate each
one of them like a pro. Before I do that, though,
I want to let people know how they can get
in touch with us. Eight hundred nine four zero six
nine seventy nine Limehousefinancial dot Com. Eight hundred nine four

(05:16):
zero six nine seven nine Limehouse Financial dot Com.

Speaker 4 (05:20):
All right, So, s we're talking about talking about the
various stages. We're sort of in a pre pre retirement.
That's where we are, and that's where you can really
help us. And you can help us at any of
these stages, but the pre retirement that's really when we
can connect with you and start putting that plan together.

Speaker 3 (05:34):
The pre retirement that we call that the planning mode.
And so when does it start. Let's, you know, real
quick kind of describe that for folks. I'd say the
pre retirement planning mode starts about five to ten years
before you retire, and sometimes people don't know exactly when
they're going to retire, you know, So I that's a

(05:56):
great reason to come in and talk with us because
we need to help you understand what that could look like, right,
I mean, we are social security and income planning experts.
We are retirement experts. This is what we do. But
the pre retirement planning mode starts before you retire, obviously,
And this is definitely when you're dreaming about you know,
your freedom so to speak. You know, where are you

(06:16):
going to travel? What kind of hobbies are you going
to have? What about? You know, what your your family
going to look like? You know your kids, are they
going to be having kids? And and it's also when
the if you will I'm thinking of this right now,
can I afford this? That's that question start.

Speaker 4 (06:35):
You know, well you must hear that a lot. I
mean when you're first starting to put a plan together,
someone will say, well, this is what I want to do.
Can I afford to do that? And the beauty is
you can help make that happen.

Speaker 3 (06:46):
Oh absolutely, And that's exactly what we do. Is you know,
we build plans that we're talking about planning right now.
We build plans to get people to end through retirement.
I was having a conversation with a new client recently.
You know, this person listened to the show. I said, hey,
how he came in to see us? I said, where
did you hear us? He said, preset number two? I

(07:07):
loved it, he did to relieve. And really, I mean
we're on you know, multiple stations throughout the weekend here
in our in our area. He didn't even remember what
station it was, but he said Preset to I said, awesome,
I like Preset too. But you know, he after our
first appointment, he said, you know, I just have two concerns,
like really pressing me right now. I said, well, you know, what,

(07:29):
can you summarize it? And he said, the first one
is finances and the second one is boredom, you know,
And I said, well, we absolutely are going to be
able to help you with the first one, the finances,
putting it together and showing you can't how you can
afford this. You know. He was he had seven figures
in his portfolio. That's pretty par for the course of
who we work with here at Limehouse Financial. You know,

(07:51):
larger portfolios and we help everybody, but in general there
you know about that and or more. And you know,
so I said, we can help you with the finances,
We can definitely show you how you can't afford this.
But the boredom stuff, I can give you some ideas,
some tips and whatnot, but you're gonna have to dig
deep and start thinking about it before you get there.
He's about you know, a year and a half, two
years out, I said, you're gonna have to start thinking

(08:12):
about what you want to do. And folks, I encourage
you to do that as well. Don't just focus on
the money. Start dreaming. As we're talking about, now, you know,
what do you what do you want to do outside
of work when you're done? So you know, now let's
talk about the the second stage over retirement.

Speaker 4 (08:28):
If you all right, let's do it.

Speaker 3 (08:30):
What it is, how to recognize it, and how to
navigate it, that would be a very good day known
as retire retirement day. Cha chaing right kind of well,
call it the launch pad. And folks, this is you know,
when you've had the cake, you said the goodbyes, and

(08:50):
maybe there's a little panic that happens. It's it's a
major life shift. You're no longer tied to the nine
to five. You're on your way to being you know,
independent and doing what you want to do and not
having to clock in or out or be somewhere at a
specific time or you know, and and and this is
definitely a time to celebrate but also to kind of

(09:12):
reassess your daily routine, and I'll go back to the
kind of the pre retirement planning mode is you want
to start thinking again, folks, about what you're going to
be doing, because your routine will change, you know, Steve
the I think I've shared with you, but this is
one of the most challenging things that I think our

(09:34):
clients face. And some are better than others, but it's
just very common for there to be this feeling of
you know, what am I going to do now right
there because there's no daily routine, you know, So I
think that's uh. I just want to encourage people to
start thinking about that now, start start envisioning, imagining what

(09:57):
it's going to look like, because it will be very different.
I don't know, i'd say Jonathan and I. We see
our clients, you know, about the six month mark or so.
It's pretty common that goes away like people are in
a new routine, you know, but it is kind of
like weird for people because they're just done and they
look so forward to it, and then they get there

(10:19):
and then they're like, huh you know, so this is it?
Huh so here I am now? So So like that
client I mentioned a minute ago. You know, the finance
stuff we handled very well and we're continuing to do
so for him. But the boredom stuff we just I
suggested some things, you know, volunteer work, maybe part time work.

(10:42):
If there's something you would like to do, it's your
choice to do, you know, get involved your church. I mean,
there's so many things to do. But I think that
in general, the work routine, if you will, it can
prevent a person from doing a lot of that stuff.
Just because the work routine, which is very important, it

(11:02):
takes up a big chunk of people's time and sometimes
you know, people don't ever even put it down right.
So I mean the way we were connected these days
with our phones and whatever. I mean, it's like it's
never ending, you know. But folks, I just want to
encourage you. I mean, this is this is good stuff
that we're talking about. We're going to continue to talk
about it, but you know, I want to get your

(11:24):
wheel spinning on this whole smooth retirement that you can have. Okay,
with the road to retirement absolutely can be enjoyable. It
can be a great smooth ride. And by working with
us here at Limehouse Financial, myself and my investment advisor
Jonathan O'Reilly. We can ensure that you are traveling nicely, okay,

(11:47):
whether you've saved you know, five hundred grand for retirement
or three million for retirement, whatever it is, we can
build you a plan that's going to get you there
and keep you there and allow you to be independent
and in control along the way. I want to share
with you how you can learn more about what we're doing.
We've got some events coming up. I'm very excited about this.

(12:11):
On Wednesday, June fourth, we're going to have an educational
event at the Lexington County Public Library at six pm.
We'd love to have you there to learn more about
how we can help you. This is going to be
a social security and income planning workshop and it's no
cost for obligation. It's going to be Wednesday, June fourth
at the Lexington County Public Library at six pm. We'd

(12:32):
love to see there. And then on Saturday, June the fourteenth,
we're going to have an event. It's a breakfast event
where we serve you breakfast and we serve you a
lot of information. This is going to be at the
Lexington County Chamber of Commerce at nine am. On Saturday,
June the fourteenth. This is a breakfast event. We'd love
to have you. If you want to attend either one
of those, give us a call at eight hundred nine

(12:54):
four zero six nine seven nine, or visit our website
limehouse financial dot com and under the events tab you
can register. But this is a great way for you
to do what we're talking about in this segment, make
sure that you have a smooth road to retirement. Everybody
wants a smooth road to retirement. All right, as we're

(13:14):
winding down this segment, hang on because we're going to
get back and on the second segment and continue on
with more of these stages and how you can really
continue to do better and prepare yourself more for retirement.
But right now, I've got an offer for the next
ten callers in the next ten minutes. It's for a
written plan for retirement, built by our team of certified

(13:37):
financial professionals just for you. It's individualized and customized, and
I want to be very clear with this. You cannot
just call and say mail this to me or email
this to me. You must come into our office here,
go through our process, and you will obtain this written
plan for retirement individualized and customized just for you. Next
ten callers in the next ten minutes will receive this

(13:58):
at no cost or obligation.

Speaker 4 (14:00):
Sounds great. Trip eight hundred nine four zero sixty nine
seventy nine. You're our goal at the show. I help
you make the best decisions for you when it comes
to your retirement. Starts with that call 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 Trip line House right
after this.

Speaker 5 (14:21):
Do you ever feel like you are fighting for financial knowledge?
Don't let bad advice be a punch in the gut
to your retirement. Take advantage of a complimentary and no cost,
no obligation consultation with a local, trusted financial coach. Call
Trip Limehouse at eight hundred and nine four zero six
nine seventy nine, or text trip to RiPP to eight

(14:42):
hundred and nine four zero six nine seven nine. That's
eight hundred and nine four zero six nine seventy nine,
or text trip to eight hundred and nine four zero
six nine seven nine.

Speaker 6 (14:52):
Getting the right retirement strategy suited to your unique needs
and desires is called hitting the bulls eye. You can
say I may ailed it, you actually should say we
nailed it because there's a firm right there with you
putting together the pieces of your own retirement puzzle. It's
a bullseye plan for you. Call Trip Limehouse, host of

(15:12):
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 her text Trip to
eight hundred nine four zero six nine seven nine.

Speaker 4 (15:33):
We are back on the road to retirement with Trip Limehouse.
My name Steve Sool. Tripp has been helping folks for
a good long while. He's the guy behind the green
line principle. We'll talk about that and so much more.
Let's see you visit to Limehousefinancial dot com. That's a
great place to start. Limehouse Financial dot com. You can
connect with Trip. You can make an appointment right there
on the website. Trip the Stages of retirement. You know,

(15:55):
we hear about the you know, the go go, the slogo,
the no go, but we're kind of taking a different approach.
And so we've talked about pre retirement. Now let's we're
into the honeymoon phase. Everything is great. This is kind
of how we ended the last segment. Everything was great.
We're sliding into retirement and then what happens.

Speaker 3 (16:13):
Yeah, we would call it the honeymoon phase, right right,
And for those of you out there that are married
or who have been married at some point in time,
you might remember that that honeymoon phase, if you will,
kind of like you can think of it as the
newlywed stage of retirement. You know, we might call it that.

(16:35):
This is when activities like travel come more into play.
You know, your hobbies come more into play. You're doing
things that you really enjoy that you didn't necessarily have
the time to do previously. And maybe you're sleeping in
I don't know. It's kind of all happening. And this phase,

(16:55):
if you will, it does feel amazing. But we've just
we've learned over the years seeing it in our clients.
If not planned properly, overall, the stage can lead through
burning through savings fast. It really can. So you know,

(17:16):
how do we avoid that? Well, working with an expert
like myself, like my investment advisor, Jonathan O'Reilly. We help
prevent you from burning through your savings fast. And a
tip here would be to track your spending and test
your budget early on. Come up with a retirement budget
and try to live on it before you retire, before

(17:37):
you get to this honeymoon phase. A great resource for
you is on limehousefinancial dot Com. Under the resources tab
there is a budget worksheet, very extensive. Hey, prendice many
as you want, you know, track your budget currently and
then come up with your retirement budget. This is going
to help you to ensure that you don't burn through

(17:58):
your savings fast, folks, and that's a very important thing.
Eight hundred nine four zero six nine seven nine is
how you can reach us a limehouse Financial dot com.
We're having fun helping people, and we're talking right now
about how to make the road to retirement smooth okay,

(18:19):
And it really just does require a little attention to
detail and working with folks like us to help you
get there and stay there. So we've talked about let's
run through real quick. See. We talked about the pre
retirement right the planning mode, and then we talked about
retirement day. We call that the launch pad, and then
we talked about the honeymoon phase. Now we're going to
talk about disenchantment. I think that this is a common

(18:42):
thing that happens with people too. I don't know. I
think it's like it's like a cycle of emotions. It's
probably because everything is so new, wouldn't you think.

Speaker 4 (18:51):
Yeah, I think that's probably fair.

Speaker 3 (18:53):
Like it's kind of like okay, like, oh okay, here
I am now right, and it's a little lull if
you will, right, So maybe the thrill has faded and
you know, reality kicks in that things are a little
bit different for you. So you know what I see, Steve,
when I mean, I recognize this, this is what I see.

(19:14):
I see that people have during this disenchantment phase that
might feel a lack of purpose and that might come
from them not having a routine that they've had for
so long. I mean, sometimes people work for twenty five
and thirty years and then all of a sudden they
they're not And it's like, huh. And it sounds crazy

(19:36):
to say that, you know, somebody could be in retirement
and this happened to them, But it's very real, and folks,
your emotions are real. I mean, I get it. We
see it. You're not the only one. I want you
to know this is totally normal, and what's happening is
this is the time when you're just adjusting to a
new identity. So I don't know, some tips I've you know,

(19:57):
offered to existing clients who've kind of gone through this
phase is maybe do something part time that you would
like to do. You know. I had a lady that
retired about a year and a half ago and just
a fantastic client, you know, a whole lot of money
because she was this is one of the best savers
I've ever seen in my tenure, my twenty plus years

(20:18):
helping people. Steve, she's single, no kids. She was such
a good saver, like one point eight million bucks in
her four one K. We rolled it over to an IRA.
We created an income and a distribution plan for where
we gave her a safe money strategy and that we're
professionally managing her other moneies. I mean, and she's just
as happy as could because she's got the written plan
that we talk about all the time and she knows

(20:39):
she can, you know, do the rest of retirement and
be successful. But she became a little disenchanted, and you know.
She just was expressing that to us in conversation one
day and I said, well, what have you kind of
like wanted to do? Is anything you wanted to do
but you just never did it? And she's like, I've
always wanted to work in a florist. Well guess what.
She called us up and she said, I went and
found this florist and I really liked them, and I

(21:00):
asked them if they could use some part time work
and they said yes. And so now she's working at
a florist. I mean, she does not need to do that.
She doesn't need to, she wants to and that's great,
great way for her to not be disenchanted. So and
I think that probably leads into the what happens with
people next, And that's kind of like the reorientation, if
you will. And this is kind of like where where

(21:22):
the magic happens, if you will, folks, You kind of
build your new normal and uh, and it's a very
positive thing. You find purpose. You know, there's some there's
some structure. It's different, but it's new and there's routines
that work for you now. Things that you do now
that you'd never really thought you could do in the past,

(21:43):
and a lot of retirees during this reorientation, if you will,
report higher happiness levels during this stage, and I think
that's great. So you know, here's an interesting statistic. Retirees
who day socially active are twenty five percent less likely
to develop depression. And that was according to the Nationalists

(22:08):
to Health in twenty twenty three. So, folks, you know,
get out there, start doing some things. Hey, one of
the things you can do to be preparing for all
this is come out and see us at our live events.
We've got a couple coming up I want to tell
you about. And the first one is going to be Wednesday,
June fourth at the Lexington County Public Library at six pm.

(22:32):
This is a no cost, no obligation, social Security and
Income planning workshop and it's going to be held Wednesday,
June fourth at six pm at the Lexington County Public Library.
And then once again, we're going to have an event
on Saturday, June the fourteenth, and this is going to
be at the Lexington Chamber of Commerce. It's at nine am.

(22:52):
We're going to serve breakfast at this event, no cost,
no obligation, and this is also a social Security and
income planning workshop. That's Saturday, June the fourteenth, nine am.
Lexington Chamber of Commerce would love to have you guys there.
If you want to attend either one of those, you
can go to our website limehousefinancial dot com under the
events tab you can learn again where it is and register,

(23:14):
or you can just give us a call. Eight hundred
nine four zero six nine seven nine. All right, So
last last phase if you will, Steve, and then we'll
move on and talk about a couple other things. Is
is stability?

Speaker 4 (23:30):
I like stability, That's what we want.

Speaker 3 (23:32):
Do you do you'd like stability?

Speaker 4 (23:34):
I do because I think that, you know, and with
the right plan, I can be stable and I can
be you know, I can feel comfortable in my retirement.

Speaker 3 (23:42):
I like how you said that with the right plan. Yeah,
see it's true. With the right plan built by the
right professional, you can be positive. The three p's. How
about that? A plan involving a professional helping you and
then it's all positive. You know. That's what we do.

(24:04):
We help people be positive here at Limehouse Financial. I'm
thankful that as experts in these areas, we can really
help people accomplish that goal, because I mean, sometimes a
lot of negativity can come along with this stuff. Oh
am I going to run out of money? Well, how
do I protect my money from this dock market? Or
am I going to make it with inflation and taxes
in the future and healthcare affecting me? I mean, all

(24:25):
these swirling questions. Well, as a professional, as an expert
in these areas, folks, we talk about all that and
we map it out for you and we ensure that
you're going to in fact be okay. So stability would
be the last phase, if you will, and this is
when your life kind of feels balanced. You've kind of
settled into you know, retirement fully, if you will, You're

(24:48):
used to you know how things are and finances they're
now predictable and routines are set and you're enjoying life.
And this phase hopefully is going to last decade. AIDS
with good health and good planning. I really like this.
I mean, after twenty plus years of helping people, Steve,
I have a lot of clients that now you know,

(25:08):
they're definitely in this stability phase. And what they share
with us is because they came in to see us.
They chose to come in to see us, because they
went through our process, and because they liked and understood
and were comfortable with the plans that we built for
them that was individualized and customers, they were able to
then move through all these phases of retirement arrive at

(25:30):
a place where they were stable, really enjoy things, be
independent and in control, and you know, make it happen
and enjoy successful retirement. So, folks, retirement isn't a one
time event. It's a journey. Everybody's going to move through
these stages at different you know paces, And the bottom
line is the more you prepare early, the smooth of

(25:50):
the transition. One of the things you can do to
prepare early is come on in and see us. Here's
how 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, no cost
or obligation to you. It's only for the next ten
callers in the next ten minutes, a written plan for retirement,

(26:11):
individualize and customize just for you. By the way, you
cannot just call and say email this to me or
send it to me. You must come in go through
our process to receive this. It will be yours.

Speaker 4 (26:23):
Fantastic trip, make that call while you're thinking of an
eight one hundred nine four zero sixty nine seven nine,
eight hundred ninety four zero sixty nine seventy nine. Great
opportunity for you to come on in and sit down
and get yourself a financial roadmap put together. You'll find
out things like how much risk you're taking, if there
are any red flags that could be a potential problem
for you down the line. Do you really know how
much you're paying in fees or commissions? It's time you

(26:45):
found out. Let trip take a deep dive. How about
tax liabilities and of course a lifetime retirement income plan
that includes maximizing your Social Security benefit. Take advantage of
this complimentary review by calling this right now eight hundred
nine four zero six nine nine ninety four zero sixty
nine seventy nine quick right for us. We're coming right back.

(27:05):
We've got a lot more on the road to retirement
with your limehouse right after this.

Speaker 7 (27:16):
If you remember these TV shows, you're getting ready to retire.

Speaker 6 (27:20):
And everybody see a big pair of feet there, cheesy mustache,
I'll think of you.

Speaker 7 (27:25):
You guts well, I hate I'm one guy who ain't
prejudice against anybody who may be less sipivid than me.
It kind of sneaks up on you, doesn't it.

Speaker 4 (27:36):
Oh geez.

Speaker 7 (27:37):
You deserve a secure, independent retirement, our retirement that is
prepared to handle pitfalls like inflation, health emergencies, stock market volatility,
and taxation. You've worked hard for your money and will
work just as hard to protect it and grow it.

(27:58):
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 4 (28:22):
Welcome back to the road to retirement with Trip Limehouse.
My name is Steve said, Oh we have been cruised along.
Did they have a nice ride? Beautiful? Avoiding all of
the bumps and turns and twists, and certainly the construction
that is in abundance on our roads right now. But
this is something again we talk I like this, no hype,
just the facts, you know. I mean, when we look
at this, the world of financial planning truly is alphabet soup.

(28:45):
I mean there's CFPS, there's orias, there's CPAs, there's brokers,
insurance agents, allions and tigers and bears are my right,
I mean, and everybody wants to handle the money. Everybody
wants to help us, I guess. But let's figure out
what we who may be really trying to help us
versus trying to sell us something. And there's a big difference.
In fact, that's how we'll start fiduciary versus a salesperson.

(29:08):
Do you know the difference? And that that would be
you know, that's it's good to know the difference.

Speaker 3 (29:12):
Yeah, And I think that I think that for consumers
out there, you know, the question to ask yourself is
how do you choose the right person or better you
at the right team to help you navigate retirement? And
you know, uh, I have a lot of people sometimes
they'll say, well, you know, like do you have this?
Do you have this? And and I have to have

(29:35):
a common response. And my response is, you know, behind
my name, I don't put it on my business card,
but behind my name there should be the designation O
j T O j T. Are you familiar with that one?
Steve okj T?

Speaker 4 (29:51):
What what what is that?

Speaker 3 (29:52):
That's usually what people say to me, and they're like,
what are you talking about. I've never heard of this.

Speaker 4 (29:55):
One job training.

Speaker 3 (29:59):
Yeah, you got it, you nailed it. I'll be like,
you know what I have. I mean, I do have
several designations, but I'll say probably the most important designation
I think that I have that's going to help you
the most is OJT on the Job Training. Two plus
decades of working with people with millions of dollars, helping

(30:20):
them understand how to protect them, how to preserve them,
how to distribute them, how to pay less taxes, you know,
how to plan for health care, how to weather the
storm when inflation is you know, so high, when we're
potentially looking at recessions, all kinds of stuff, you know.
I mean, this is what I do. And I also
and we're going to get into this. Back to this

(30:41):
fiducia Ver salesperson in a second here, I'm going to
circle back to it. But I think that, you know,
one of the biggest things is people want to work
with a person that's just like real. You know, there's
no there's no uh pretend, no false pretenses. I mean,
what you see is what you get. People want to

(31:02):
work with someone that cares about them, that's honest, that
has integrity and character, and that really just has their
best interest, you know, first, and that ties into functioning
from a fiduciary capacity, I mean not all. So going
back to this fiduciary ver salesperson, do you know the difference.
I mean, like, I had a guy recently come in
and he's like, you know, you're you're a salesperson, I said,

(31:25):
I said, I agree with you. I do sell things,
that's for sure. But above me being a salesperson, which
I take pride in, by the way, Okay, you know,
above me being a salesperson is me functioning as a planner.
Like that takes precedent. You know, we build plans for

(31:45):
people this This gentleman said, you know, just just sell
me this, and I said, well, I'm not interested in that.
I'm not interested in just I mean, does that that
sounds crazy? Sure? I would love some additional business, not
that we need it, but you know, I want to
help you plan. I said. I can do better than that.

(32:06):
I can do better than just selling you something. I
can build you a plan that's going to help you
now and in the future. And if you follow this
plan You're going to be independent, in control and successful
during retirement. Does that sound like what you're after? You know? So,
I mean not all advisors are held to the same
legal standard. You know, fiduciaries are going to be required

(32:26):
to put a person's interests first. Brokers and insurance agents,
you know, often work under a suitability standard not quite
the same. And the Department of Labor, Steve, you know,
what's happened is they push for more fiduciary accountability in
recent years, but enforcement is still a little you know, murky,
so to speak. So you know, how I help you

(32:48):
guys out there make sure you're working with the right
person is you know, I get to know you. We
Jonathan my investment advisor, Jonathan O'Reilly and I we just
spend time with you and we get to know you
as a person, and then we determine if we can
help you. And if we can help you, what we're
going to do is build you this written plan for

(33:08):
retirement that we talk about all the time on the show,
and we're going to make recommendations from that fiduciary capacity
that are in your best interest. And we're independent and
I know, Steve, you do a great job reminding our
audience of this. I mean, Limehouse Financial is independent, so
we're not linked, We're not tied, not obligated any one company.
Matter of fact, people ask us all the time, how
do you arrive at these recommendations. Well, we listen to

(33:31):
what you want, We take a look at what you have,
and then we go out and find out what's available
and we'll bring it back and make that recommendation to you.
And you know, we have a lot of fun doing that. So,
you know, let's talk about this investment management. You know,
I think there's a fallacy out there that like just

(33:52):
being in the market is the only thing a person
needs to do. Well.

Speaker 4 (33:55):
I think that we need to do certainly more than that.

Speaker 3 (33:58):
Like I think people are like, yeah, I've got my
money in the market. I'll just I'm gonna be okay.

Speaker 4 (34:03):
Sure, well I got a four oh one K what
else do I need? You know, that's my plan.

Speaker 3 (34:07):
Yeah you said that, because I tell you what, Steve,
I just so thoroughly enjoy working with you, because you
really are thinking about the people out there listening to us.
That's a great point, you know, folks, there's a difference
between an account and a plan. Okay, as Steve was
just talking about. You know a lot of people think, oh,

(34:27):
I have a four to one K that's my plan. Well,
guess what, It's not a plan. It's just a place
where money is located. A same thing with the brokerage account,
same thing with the raw, same thing with the TSP
four three B four fifty seven. It's just an account.
That's just a place where money is located. Until you
work with an expert like myself or my investment advisor, Jonathan,
to help you turn this into a plan, all you

(34:49):
have is an account. There's a big difference between an
account and a plan, and never forget that. So back
to the investment management. Some people think it's the only
thing they need to do, but it's just one piece
of the puzzle. A lot of people are thinking, oh,
if my portfolio is diversified, I'm going to be okay.
But guess what, folks, investing is just one It's just

(35:10):
one of what I would call five essential pillars of
retirement planning. You know, you got to consuer taxes, you
got to consider income, which, by the way, folks, income
determines outcome into retirement. I would encourage you to visit
getsafe income dot com to learn more. Getsafe income dot

(35:30):
com to learn more. You don't want to over outlive
your income. You also got to consider healthcare legacy planning.
So you know, I mean, I don't know what do
I say to people who've never looked beyond their four
to one K mix. It's time, you know, if you're
fifty nine and a half or older, folks, you can
transition from having an account to a plan. How can
you do that? Well, it's called an in service rollover.
We open up an IRA for you. You roll over

(35:53):
your four to one K into the IRA. That's not
a taxable event. The benefits of that are now you
have way more investment options, you have lower cost and
you have a plan, a plan that's yours. So for
those of you listening that are fifty nine and a
half or older and have money in an employer sponsored

(36:14):
account A four A one K, four to fifty seven,
TSP four or three B, et cetera, we really should
talk about doing what I'm talking about right now, rolling
over that money into an IRA while you're still working.
You can still contribute to that for one K, still
get the match. It just has less money in it.
Don't forget to ask us about that. Okay, if you're

(36:36):
just doing only a four to one k, we got
to do more. We got to do more, you know.
So we're just talking about you know, critical areas really
that everybody needs to address. You know, we talked about
the different between the finuciary and a salesperson. Now we just
finished talking about investment management. How about this tax strategies.

(36:58):
Let's dive into this for a moment.

Speaker 4 (37:00):
That's so important, trip, And if I've learned anything from
just talking with you over the years, it's always tax
day in retirement and taxes are such a critical part
of our overall success.

Speaker 3 (37:12):
Well that's where we need working with you. Yeah, folks
out there did not know it. Your IRA is an
IOU to the irs, It really is. And everyone out
there needs the TERP. The TERP Tax Efficient Retirement Plan
eight hundred nine four zero six nine seventy nine Limehouse
Financial dot com Tax Efficient Retirement Plan. We can help

(37:36):
you with it. You know, national debt is climbing, sunset
provisions are looming from the twenty seventeen Tax Cuts and
Jobs Acts. Things could look really different in the future.
I mean Roth conversions, tax loss harvesting, and qualified charitable distributions.
There are all tools that can help you guys out
there minimize what you owe in taxes. So as far

(38:00):
as some smart tax moves that you should be thinking
about now to prepare for future tax brackets, well, I'd
say overall, the most important thing is you know, work
with us to help you build that plan so that
you're okay now and in the future. That's what we do.
And income planning, it's not about what you have, it's

(38:21):
about what you keep. Your retirement success doesn't come from
the size of your portfolio. It comes from how predictably
that portfolio pays you. So strategies like using different buckets
of money if you will, anneuititizing, and having flexible drawl
rates that can turn a pile of money into consistent income.

(38:43):
So we help you build income that's never going to
go away and then involves the personal pension plan. Make
sure you ask us about that, folks. There's so many
ways that we can work together to help you get
to and through retirement and have a smooth ride. I
want to encourage you to visit limehouse financial dot com
under the events tab check out where we're going to

(39:04):
be next June the fourth we're having an event, and
June the fourteenth, we're having an event. But for now,
I want to give an offer to the next ten
callers in the next ten minutes. There should be a
sense of urgency folks to pick up the phone and call.
We're going to give you a written plan for retirement
at no cost or obligation. This is individualized and customized
just for you, built by a team of certified financial professionals.

(39:27):
You must come in and go through our process to
receive this. You'll be better off for it. We're going
to address all the things and more that we've been
talking about. Eight hundred nine four zero six nine seventy nine.
Next ten callers in the next ten minutes. A written
plan for retirement, built for you, no cost or obligation.

Speaker 4 (39:44):
Sounds great trip. Eight hundred nine four zero sixty nine
seven nine. Goal here at the show is to help
you make the best decisions for you when it comes
to your retirement. So call us. Eight hundred nine to
four zero sixty nine seventy nine. Eight hundred ninety four
zero sixty nine seventy nine. One more segment to go
here on the road to retirement with triply House.

Speaker 5 (40:07):
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.

Speaker 4 (40:19):
Egge or you?

Speaker 5 (40:20):
Well, of course you want to relax and travel and
enjoy and nest egg. You've got more work to do
for a retirement that maximizes your portfolio, your social security,
avoids unnecessary risk, protects you from pitfalls, and frankly lets
you retire and keeps the next each working. You need
a retirement partner. You need someone looking out for your

(40:43):
best interests and building a plan for you based on
your situation. Call trip Limehouse at eight hundred and nine
four zero six nine seventy nine or text trip tripp
to eight hundred and nine four zero six nine seventy nine.
That's eight hundred and nine four zero seven nine or
text trip to eight hundred and ninety four zero six

(41:04):
nine seventy nine.

Speaker 4 (41:06):
If bad money habits been strained your financial progress, it's
time to alter your behavior.

Speaker 3 (41:11):
Here's another bad money habit to break.

Speaker 2 (41:14):
Being financially illiterate the financial world can be extremely complicated,
and most people don't rush home to read the latest
financial news. But knowledge is powered, and some knowledge of
the financial world can be empowering. Now we're not talking
about getting a degree in economics from Harvard, but reading
an article online every day can greatly increase your financial understanding.

(41:39):
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.

Speaker 3 (41:53):
Bulb in your head.

Speaker 2 (41:56):
An article or two a day will keep the bad
money habits away.

Speaker 4 (42:05):
Hey, welcome back to everyone. This is the road to
retirement with Trip Limehouse having a nice drive today as
we slide into our final segment together, and this is
where we open up the mail bag, dig deeply and
find out what folks are wanting to know about retirement.
And we've got some great stuff today. Trip. I want
to start though, by reminding everybody you got a couple
of seminars coming up in the next couple of weeks,

(42:26):
and folks should mark the calendar and get involved.

Speaker 3 (42:30):
Thank you for always watching out for our listening audience.
I appreciate that so much and so today. Yes, so yes.
We have two events coming up and I want you
to know about them, folks. These are live events and
you are invited. The first one is going to be Wednesday,
June fourth at the Lexington County Public Library at six pm.

(42:50):
This is a social security and income planning workshop, no
cost or obligation. Again. That's Wednesday, June fourth at six
pm at the Lexton County Public Library. And then once
again on Saturday, June the fourteenth, we're going to have
a social security and income planning workshop. We're going to
serve breakfast at this event and there's no cost or obligation.

(43:13):
Nine am at the Lexton County Chamber of Commerce. This
is right in downtown Lexington, nine am, Saturday, June the fourteenth,
the Lexington County Chamber of Commerce. Love to have you
guys there. You must call eight hundred nine four zero
six nine seven nine to attend eight hundred nine four

(43:36):
zero six nine seven nine, get your reservation or visit
us on the web limehouse Financial dot com under the
events tab love to have you there. Hey, hey, Steve,
you know a lot of people now before we get
in these questions, A lot of people now are are
coming in and something that they're having in common is
concern about the market, the market volatility. I think that

(44:00):
that's a very real thing. You know, people are getting
closer to retirement and they're like, I just would like
to keep what I have now, you know. Yeah, Just
to be real clear, At Limehouse Financial, we do believe
in money at risk. That's why we professionally manage money.
My investment advisor, Jonathan O'Reilly's very very good at doing that.

(44:21):
Two reasons for money at risk capital appreciation and to
outpace inflation. But folks, everybody out there needs a safe
money strategy. A safe money strategy. Imagine this having a
part of your plan that regardless of what's happening in
the market, you have all your money. It's safe. You

(44:41):
cannot go backwards. Well that's the green Line principle. Folks.
Visit green Line Principle dot com green Line Principle dot
com to learn more a safe money strategy. Zero is
your hero. You cannot go backwards and you have a
lot of upside potential. Everyone needs a safe money strategy.
Make sure you ask us about that. Quick shout out

(45:02):
to my wife, Honey, I love you so much. I've
been having a whole lot of fun with you recently, traveling,
hanging out and look forward to more of that. Thanks
for being my number one fan. You're the best. Honey. Hey,
let's get any these questions, Steve.

Speaker 4 (45:16):
You got a trip. And first we have Hazel. She's
in Leesville wondering. She says inflating inflating inflation is eating
into her monthly spending and she's worried the fixed income
won't stretch far enough over the next twenty years. So
she's considering a laddered bond portfolio or an annuity with

(45:37):
inflation protection. How can she build a more durable income
stream that adjusts for rising costs?

Speaker 3 (45:45):
Yeah, great question. Thanks for being a listener and for
calling in. I love these questions, Steve, because a lot
of times people want to know the same thing, but
they may just not pick up the phone to call
and ask. So what I would share with you is, Hazel.
You know, it all comes down to the four letter
word that we talk about so much on the show,
the P, L, A. N. We need to have that.

(46:08):
We need to map out how you can successfully, if
you will, weather the storm of inflation. You know, there's
many different ways which you can do that, you know,
I mean a laddered bond portfolio could potentially be a
good idea in lieu of bond. So we do lean
into the green line principle that safe money strategy I

(46:29):
was just talking about because it truly has no risk,
a lot of upside potential and protects your money. That's
a very important thing. Where bonds do have some inherent risk,
that's important to understand. So, you know, as far as
an annuity within the inflation protection, I think that can
be a great idea as well. You know, we do
sell anuities and we help people make sure that they

(46:50):
have increasing income over time. You know, we look at
analysis like that all the time. But as far as
building a durable income stream, I think the biggest thing
is we have to make sure you have enough income
to do the things that you need to do, and
then from their look and see can we create additional
income to do the things that you want to do.
We need to ensure there's no income gap, and we

(47:11):
do have to take into consideration inflation, which we do.
You know, when we're building plans for people, we're factoring
that in and we're building a plan long term, so
we're showing people over a long time, Hey, you're going
to be okay. A lot of different ways you can
do that with the professional money management, the safe money strategy.
So come on in and let's just build you a
plan and demonstrate to you over time how you're going

(47:33):
to be okay.

Speaker 4 (47:35):
Sounds great, Heyzell, give us a call. Eight hundred ninety
four zero six nine seventy nine. And on we go
to Tom and Mary. It's a couple. They are in Lexington,
both sixty eight years old, drawing from a traditional IRA
to cover expenses, but taxes are hitting harder than they expected,
with rates possibly going up in twenty twenty six. What

(47:56):
are some smart tax moves they can make now to
lower their income to lower their lifetime tax.

Speaker 3 (48:02):
Burt, Yeah, I like that. I like that they're thinking
forward because in fact, if the Tax Cuts and Jobs Acts,
a piece of legislation doesn't get made permanent, it is
going away December thirty first, twenty twenty five. We're approaching that,
so that means one one twenty six we're back into
higher tax environment. I think this is something that people encounter, Tom, Mary,

(48:26):
You're not the only ones they encounter it. They get
into retirement and then all of a sudden they're paying
more taxes than they ever thought. And it's because the
primary savings vehicle people utilize over the duration of their
working years is a tax for retirement vehicle. So you
haven't ever paid taxes, and then you get to the
point where you're gonna start using this money, and then
you're going to incur taxes. So you know, they can

(48:50):
hit harder than you ever expected, especially when you have
things like two social securities and two pensions and whatnot.
So how how can you implement more more smarter? I
don't know if that's the correct way to say that, so,
but some smart tax moves, Well, I think that we
just need to very carefully unpack where you are, and

(49:13):
we need to very carefully take a look at where
you draw money from, how much you draw out. We
need to ensure that it's going to last a lifetime,
that it's going to be preserved and protected and withstand
the vault of market that we're in at times, and
in taking account inflation, healthcare, that type of thing. But
you know, really, at the end of the day, you're

(49:35):
somewhat limited as far as when you're working with a
tax to her retirement account as to things that you
can do because it's just never been taxed, so you
kind of people kind of back themselves into a corner
and then the tax man coment. I mean, at the
end of the day, an IRA is really an ioe
you to the irs. So hopefully, I mean hopefully it's
helping other people now to kind of understand that concept

(49:57):
who are listening to this, but just careful planning. You know,
we do as best we can, uh to to help
you reduce or maybe eliminate some taxes. And sometimes you know,
their scenarios where we can do that better than others.
Really everybody's a little bit different. I'm thinking Tom and
Mary that you're using money from a traditional IRA to

(50:18):
cover expenses. Since you're doing that, that you need this money.
We're in a favorable tax environment now, you know, I
don't know, we just have to again carefully map it
all out, take a look at what you're doing, and
uh and and then you might not be able to,
you know, really do a whole lot more than you're
already doing to expect, you know, to lower it lower

(50:39):
the tax burden. But as far as over your lifetime,
maybe Roth conversions could work. Pay the pat tax now
and uh, you know, grow the money a little more
in a wrath tax free, will draw tax free, pass
it on tax free. I think. I think like if
people Steve, if people are looking at what they're gonna
do right now, sometimes it's fairly limited. But if they're
looking at what they can do long term, then they

(51:02):
have a little more leeway to do some of the
things that we do in the planning process. But anyway, guys,
what I would say is, thanks for listening to the show.
Great question, and you know, let's just get together and
let's kind of continue to map it all out for
you and talk about all those options.

Speaker 4 (51:18):
Fair enough eight one hundred ninety four zero six ninety
seven nine Tom, Mary give us a call on we Go.
Jim is in his early seventies. He says he's facing
rmds that will bump him into a higher tax bracket.
So is it better to adjust their adjust their asset
allocation now or work with a strategy that reduces RMD
impact over time?

Speaker 3 (51:39):
Yeah, kind of like the previous question that Tom and
Mary had. I mean, at a lot of people are
thinking about taxes now, what can they do again? You know,
taxes really right now are on sale. We're in a
fairly favorable tax environment and we're hoping that it stays
that way. That's assuming that the tax cuts and job
sacks piece of legislation doesn't come off the books at
the end of this year. You know, a strategy that

(52:02):
reduces requirementium distribution impacts over time? Wow, I mean roth conversions,
you know. I mean it's kind of going back to Hey,
this is a standard thing that you can do. We
just have to look at it more in depth. Kind
of like what I was telling Tom Mary, we just
have to look at it really in depth as individualized
because everybody's needs are different. But you know, taking money

(52:25):
out of a tax deferred account now paying taxes, now,
putting it into something like a rawth that grows a
tax free withdrawals are tax free, and it passes on
tax free, it could potentially help you, you know, over time,
reduce the impact of requirementimum distributions. Remember, folks, you have
a partner in your tax deferred retirement account. It is

(52:45):
the government. They control all the shots, including telling you
that you have to take a requirementium distribution even when
you might not want to. Or need to. So that's
the type of work we do here at Limehouse Financial.
We're helping you understand all these things, the ins and outs,
the ups and downs, the sideways. We're mapping it all
out for you. And that's the last offer of the
day is a retirement roadmap. We call it the written

(53:05):
Plan for Retirement. Hey, the next ten callers in the
next ten minutes are going to receive that at no
cost or obligation. This is individualized and customized just for you,
no cost or obligation. Give us a call right now.
Next ten callers in the next ten minutes eight hundred
nine four zero six nine seven nine, you'll receive just that.

(53:25):
Thanks for spending time with this today on the road
your retirement show. Tune in next week for another great episode.
We're glad you're with us in until then, God bless you.

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