Road to Retirement 06-14-2025

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 4 (01:33):
The road to retirement is a long one, and if
you just don't want to make wrong.

Speaker 2 (01:37):
By well, buckle up. We're getting ready to take a
retirement road trip together. It's the road to retirement with
Trip Limehouse.

Speaker 4 (01:46):
It's the perfect diamount to map it out. That road
to retirement is key.

Speaker 2 (01:51):
Is key you get on the road to financial security
and independence. Just like many of Trip's happy clients in
retirement partners.

Speaker 4 (01:58):
My money is saying, use in the green line principle
that you taught me about.

Speaker 3 (02:02):
Thank you so much.

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

Speaker 5 (02:12):
Hi, 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 use 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.

Speaker 3 (02:26):
Good, Steve. It's good to be with you. And also
all you guys out there in radio land, welcome to
another episode of 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

(02:48):
many more. How about you. Can you pick one, Steve
that stands out to you. Was it when you were
in the seventies and you were on the disco floor?
What was it?

Speaker 6 (02:59):
Ye know?

Speaker 5 (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, 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 we would travel all around and you know, I
tell the story and it's true. We would sell grilled

(03:27):
cheeses 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. You know.

Speaker 5 (04:00):
M hm, 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 (04:10):
Yeah. I think that comes down to I think the
older I get, the longer I'm alive, the new stages
of 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 old

(04:31):
time was to 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 Limehousefinancial dot Com.

Speaker 5 (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. 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 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 5 (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 (06:45):
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, 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. You 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

(07:28):
know what, 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

(07:48):
course of who we work with here at Limehouse Financial.
You know, 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,

(08:10):
two years out. I said, you're gonna have to start
thinking 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 5 (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.

Speaker 2 (08:35):
Day known as retirement day.

Speaker 3 (08:38):
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 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

(09:02):
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 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

(09:25):
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 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,

(09:47):
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 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

(10:07):
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 and then they're like, huh,
you know.

Speaker 5 (10:22):
So this is it?

Speaker 3 (10:23):
Huhh 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.
If there's something you would like to do, it's your

(10:44):
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
takes up a big chunk of people's time and sometimes

(11:06):
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
wheel spinning on this whole smooth retirement that you can have. Okay,

(11:30):
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,
whether you've saved you know, five hundred grand for retirement
or three million for retirement, whatever it is, we can

(11:53):
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. All right, as we're
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

(12:13):
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 TEMO certified 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

(12:34):
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 at
no cost or obligation sounds great.

Speaker 5 (12:49):
Trip eight hundred ninety four zero sixty nine seventy nine.
You're our goal at the show. Help you make the
best decisions for you when it comes to your retirement.
Starts with that call eight hundred ninety four zero six
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 7 (13:10):
Do you ever feel like you are fighting for financial knowledge?
Don't let bad advice be a punch in the gutch.
You're a retirement take advantage of a complimentary, no cost,
no obligation consultation with a local, trusted financial coach. Call
Trip Limehouse at eight hundred and nine four zero six
nine seven nine, or text trip to RiPP to eight

(13:31):
hundred and nine four zero six nine seven nine. That's
eight hundred ninety four zero six nine seventy nine, or
text trip to eight hundred and nine four zero six
nine seven nine.

Speaker 8 (13:40):
Getting the right retirement strategy suited to your unique needs
and desires is called hitting the bullseye. You can say
I nailed it, you actually should say we nailed it
because there's a firm right there with you, putting together
the pieces of your own retirement puzzle. It's a bulls
eye plan for you called Trip lime House, host of

(14:00):
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 caller text Trip to eight
hundred nine four zero six nine seven nine.

Speaker 5 (14:21):
We are back on the road to retirement with Trip Limehouse.
My name is Steve sol 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. Limehousefinancial dot com. You can connect
with Trip. You can make an appointment right there on
the website.

Speaker 3 (14:40):
Trip.

Speaker 5 (14:41):
The stages of retirement. You know, 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, sliding into
retirement and then what happens.

Speaker 3 (15:01):
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.

(15:23):
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,

(15:43):
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, this this stage can lead
through burning through savings fast. It really can. So you

(16:04):
know 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,

(16:25):
before 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

(16:46):
through your savings fast, okay, folks, And that's a very
important thing. Eight hundred nine four zero six nine seventy
nine is how you can reach us a Limehouse Financial
dot Com. We're having fun help people, and we're talking
right now about how to make the road to retirement smooth, okay,

(17:07):
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, Steve, we talked about the pre
retirement right the planning mode, and then we talked about
retirement day. We called 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

(17:30):
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.

Speaker 5 (17:38):
You think, Yeah, I think that's probably fair.

Speaker 3 (17:41):
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 when I mean, I recognize this, this is what
I see. I see that people have during this disenchantment

(18:06):
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 to say that, you know, somebody could be

(18:26):
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, offered to existing clients who've kind of gone

(18:48):
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, and 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 helping people. Steve, she's single, no kids.

(19:09):
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 be because she's
got the written plan that we talk about all the time,
and she knows she can, you know, do the rest
of retirement and be successful. But she became a little disenchanted,

(19:32):
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, Like it's 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 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

(19:53):
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 the magic happens, if you will, Folks kind of
build your new normal and uh, and it's a very

(20:16):
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.
And a lot of retirees during this reorientation, if you will,
report higher happiness levels during this stage, and I think

(20:41):
that's great. So you know, here's an interesting statistic. Retirees
who stay socially active are twenty five percent less likely
to develop depression. And that was according to the Nationalist
Toute Health in twenty twenty three. So, folks, you know,
get out there, start doing some things, all right. So

(21:02):
last last phase, if you will, Steve, and then we'll
move on and talk about a couple of other things.
Is is stability.

Speaker 5 (21:10):
I like stability, That's what we want.

Speaker 3 (21:12):
Do you like stability?

Speaker 5 (21:14):
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 (21:21):
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.

(21:44):
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 to make it with inflation and taxes in the
future and health care affecting me. I mean, all these

(22:04):
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 used

(22:28):
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 decades 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, they're definitely in

(22:49):
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 lie and understood and we're comfortable with
the plans that we built for them that was individualized
and customized. They were able to then move through all
these phases of retirement arrive at a place where they

(23:10):
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 paces, and
the bottom line is the more you prepare early, the
smooth of the transition. One of the things you can

(23:31):
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,
individualize and customized just for you. By the way, you

(23:53):
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 5 (24:02):
Fantastic trip. Make that call while you're thinking of an
eight one hundred nine four zero sixty nine seven nine,
eight hundred nine four zero sixty nine seventy nine. Great
opportunity for you to come on in, 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 found out.

(24:25):
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 sixty nine seven nine eight hundred ninety four zero
sixty nine seventy nine quick right for us. We're coming
right back. We've got a lot more on the road

(24:46):
to retirement with Trip Wimehouse right after this.

Speaker 6 (24:55):
If you remember these TV shows you're getting ready to retire, and.

Speaker 8 (24:59):
Every see a big feet there, cheesy mustache, I'll think.

Speaker 9 (25:02):
Of you, you guts well, I hate I'm one guy
who ain't prejudice against anybody who may be less sipiated
than me.

Speaker 6 (25:13):
It kind of sneaks up on you, doesn't it?

Speaker 5 (25:15):
Oh geez.

Speaker 6 (25:16):
You deserve a secure, independent retirement, a retirement that is
prepared to handle pitfalls like inflation, health emergencies, stock market volatility,
and taxation. You worked hard for your money and will
work just as hard to protect it and grow it.

(25:37):
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 10 (26:00):
Tornadoes and fire. These are serious situations we plan in
advance for. The Volatility of the market can be just
as devastating When a market correction does occur. There are
strategies you can employ to bounce back. Call Trip Limehouse
and his team at Limehouse Financial Today at eight hundred
and nine four zero sixty nine seventy nine, or text

(26:22):
the keyword Trip to eight hundred nine four zero sixty
nine seventy nine. We've made it easy, folks. All you
have to do is call or text the keyword Trip
to eight hundred nine four zero six nine seven nine.

Speaker 3 (26:38):
Funny money or not so funny money?

Speaker 5 (26:43):
This time we're talking about funny money.

Speaker 2 (26:46):
How much would you have if you doubled a penny
each day for one month to run.

Speaker 3 (26:53):
Three?

Speaker 4 (26:54):
Three?

Speaker 2 (26:55):
No, much more. Let's get started and find out. On
day one you have a penny, Day two two cents,
day three four cents, Day four eight, then sixteen thirty
two sixty four cents. You see where this is going.
We're doubling each time, and by day fifteen you have
one hundred and sixteen dollars and eighty four cents. Now

(27:19):
it really gets crazy. By day eighteen you're at one thousand,
three hundred ten dollars and seventy two cents. By day
twenty you're over five thousand dollars, over one hundred sixty
seven thousand dollars on day twenty five, and by day
thirty one you're a ten million, seven hundred thirty seven thousand,
four hundred eighteen dollars and twenty three cents. And it

(27:44):
all started with one penny. You may not be able
to save at that accelerated level, but it really drives
home the value. Do pick up those pennies, even if
they're not heads up and whatever you're able to save
is more that your retired coach can work with to
crack a great retirement plan for you for funny money.

(28:06):
I'm Dave Parking.

Speaker 5 (28:07):
This 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,

(28:29):
just the facts, you know. I mean, when we look
at this, the world of financial planning truly is alphabet soup.
I mean there's cfps, there's our ias, 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

(28:49):
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.
Do you know the difference, And that that would be
you know, that's it's good to know the difference.

Speaker 3 (29:04):
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 a have

(29:27):
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?

Speaker 5 (29:42):
OK, what what is that?

Speaker 3 (29:44):
That's usually what people say to me, and they're like,
what are you talking about? I've never heard of this.

Speaker 5 (29:48):
One job training?

Speaker 3 (29:52):
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 import 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

(30:12):
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

(30:34):
fiducia ver salesperson 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 pretense, no false pretenses. I mean, what you
see is what you get. People want to work with

(30:55):
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 US 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, I said,

(31:19):
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 people this

(31:39):
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. I can do better

(32:00):
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 to put a person's

(32:22):
interests first. Brokers and insurance agents I'll 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 guys out there make

(32:42):
sure you're working with the right person is you know,
I get to know you. We Jonathan, my investment advisor,
Jonathan o 'reiley 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 retirement that we

(33:03):
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. 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 what you want,

(33:26):
We take a look at what you have, and then
we go out and find out what's available. 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 being in

(33:47):
the market is the only thing a person needs to do. Well.

Speaker 5 (33:50):
I think that we need to do certainly more than that.

Speaker 3 (33:52):
Like I think people are like, yeah, I've got my
money in the market. I'll just I'm gonna be okay.

Speaker 5 (33:57):
Sure, Well I got a four oh one K. What
else do I need? You know, that's my plan?

Speaker 3 (34:01):
Yeah, you said that because I am. 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 thinking, oh,

(34:22):
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 RATH, same thing with the TSP
four or 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

(34:44):
you 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 gon be okay. But
guess what, folks, investing is just one It's just one

(35:06):
of what I would call five essential pillars of retirement planning.
You know, you got to consider 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 com to
learn more. You don't want to over outlive your income.

(35:28):
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 your four to one K

(35:50):
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 account A four A, one K,

(36:12):
four 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 just doing only a four to one K,

(36:34):
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 difference sween finuciary and a salesperson. Now
we just finished talking about investment management. How about this
tax strategies, So let's dive into this for a moment.

Speaker 5 (36:55):
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 (37:08):
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

(37:28):
Financial dot com Tax Efficient Retirement Plan. We can help
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 WROTH conversions, tax loss harvesting, and qualified charitable distributions.

(37:49):
There are all tools that can help you guys out there,
minimize what you owe in taxes. So as far 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

(38:10):
okay now and in the future. That's what we do.
And income planning, it's not about what you have, it's
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

(38:33):
of money if you will, anneuititizing, and having flexible drawal
rates that can turn a pile of money into consistent income.
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

(38:56):
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 fire team of certified financial professionals.
You must come in and go through our process to
receive this. You'll be better off for it. We're going

(39:19):
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 5 (39:31):
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 four
zero sixty nine seventy nine. Eight hundred nine four zero
sixty nine seventy nine. One more segment to go here
on the road to retirement with Trip Linehouse.

Speaker 7 (39:54):
You've worked all your life, you've saved, you've followed all
the rules. It's time to retire. Here's the question.

Speaker 8 (40:02):
Who do you.

Speaker 7 (40:03):
Want relaxing and taking it easy, your nest ache or you? Well,
of course you want to relax and travel and enjoy
and nest egge. 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 let you

(40:23):
retire and keeps the nest each working. You need a
retirement partner. You need someone looking out for your best
interests and building a plan for you based on your situation.
Call Trip Limehouse at eight hundred 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

(40:45):
eight hundred and nine four zero six nine seventy nine.
Or text trip to eight hundred and nine to four
zero six nine seven nine.

Speaker 5 (40:52):
It's your go go years. So let's get going with
another retirement road trip.

Speaker 2 (40:56):
If you like to get off the beaten path, then
seek out the bazaarre. We have some good spots. We're
heading to the wacky, the tacki, the weird bizarro tourist attractions.
First stop, Waterbury, Vermont. Dearly beloved. We are gathered here
today to lay to rest the dearly depited ice cream flavor. Yeah,
some flavors just don't make it. Ben and Jerry's gives

(41:19):
them a proper burial in their flavor graveyard. You'll see
it on their factory tour, and their website hints that
some of these flavors could be reincornated. Let's head to Middleton, Wisconsin. Now,
if you get excited about condiments, then we're sorry, but
you do need to visit the National Mustard Museum. There
try samples of new and antique mustards around the world.

(41:42):
Check the cell by date. Okay, there's the world's only
museum of intriloquism. Creepy. That's in Fort Mitchell, Kentucky. The
Hammer Museum in Haines, Alaska. Yeah, over two thousand hammers exhibited.
There's car Henge and Alliance, Nebraska. And if you guess
that cars are arranged like the stones and Stone you'd
be correct. Leela's Hair Museum and Independence, Missouri.

Speaker 5 (42:04):
Yeah.

Speaker 2 (42:05):
Hair, And at least a couple of tourist attractions in
the country featuring chewing gum chewed and placed on a
wall or a pole. But saving the best for last. Yes, Virginia.
There is a giant ball of twine. Several actually, but
the biggest is in Conquer City, Kansas. Frank Stover's creation
was measured at one point six million feet of twine.

(42:26):
That was upon his death in nineteen seventy four, but
it continues to grow. More twine is added every year
during the city's Twineathon. Maybe a good time to visit.
Everybody's taste is different. Some like an exotic vacation, some
just want a sample mustard. Everybody's retirement plan is different too.
Get your own custom made plan and hit the road

(42:47):
for the freaky tourist stops.

Speaker 5 (42:53):
This is such a blow to invest.

Speaker 7 (42:54):
Do it right now. Bringer was the next I want
to along.

Speaker 8 (42:57):
The wall were the most sect It takes courage to
face up to things like volatile markets and Wall Street
money traps. If you're unsure, worried, or losing sleep about
your money, do something about it. Call Trip Limehouse, host
of Road to Retirement eight hundred nine four zero six
nine seven nine, or text Trip tripp to eight hundred

(43:17):
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 our text trip
to eight hundred nine four zero six nine seven nine.

Speaker 5 (43:30):
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 to date.

Speaker 3 (43:46):
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 and
I think that 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.

(44:08):
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.
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

(44:33):
part of your plan that regardless of what's happening in
the market, you have all your money. It's safe. You
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

(44:54):
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
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,

(45:14):
let's get any these questions.

Speaker 5 (45:15):
Steve, 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

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

Speaker 3 (45:44):
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 annuities 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.

Speaker 5 (47:34):
Okay, sounds great, Heyzel, 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

(47:55):
twenty six. What are some smart tax moves they can
make now to lower their come, to lower their lifetime
tax burden.

Speaker 10 (48:03):
Yeah.

Speaker 3 (48:03):
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 point
where you're gonna start using this money, and then you're
going to incur taxes. So you know, they can hit

(48:50):
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 vaulata 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 somewhat limited as

(49:36):
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 that's helping other people now
to kind of understand that concept who are listening to this.

(49:59):
But 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 cover expenses. Since you're doing that,

(50:20):
that you need this money. We're in a favorable tax
environment now, you know, I don't 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 the tax burden. But

(50:40):
as far as over your lifetime, maybe roth conversions could work.
Pay the patent tax now and uh, you know, grow
the money a little more and a wroth tax free,
will draw tax free, pass it on tax free. And
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 have a little more

(51:03):
leeway to do some of the things that we do
in the planning process. So 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 5 (51:18):
Fair enough. Eight one hundred nine 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 require minimum 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,

(52:24):
taking money out of a tax deferred account now paying taxes,
now putting it into something like a raw 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 requirementium distributions. Remember, folks,
you have a partner in your tax deferred retirement account.

(52:45):
It is 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 Plan for Retirement. Hey, the next ten

(53:07):
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. Thanks for spending time with us
today on the road your retirement show. Tune in next

(53:29):
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. Either 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.