Road to Retirement 06-21-2025

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):
What if the key to better financial decisions isn't just
about numbers but mindset. Discover how a simple shift and
perspective can reduce stress, increase savings, and put you back
in control. Coming up next?

Speaker 2 (01:21):
Do you want to avoid taking a wrong turn on
your retirement road?

Speaker 3 (01:25):
The road to retirement is a long one, and you
just don't want to make wrong.

Speaker 2 (01:29):
Pa, Well, buckle up. We're getting ready to take a
retirement road trip together. It's the road to retirement with
Trip Limehouse.

Speaker 3 (01:38):
It's the perfect amound to map it out. That road
to retirement is.

Speaker 2 (01:42):
Key, is key, get on the road to financial security
and independence. Just like many of Trip's happy clients and
retirement partners, my.

Speaker 3 (01:50):
Money is safe using the green line principle that you
taught me about.

Speaker 4 (01:54):
Thank you so much.

Speaker 2 (01:56):
Let's get this trip started. It's the road with Trip Limehouse.

Speaker 5 (02:04):
Welcome in everyone. This is the road to retirement. Trip
Limehouse is guiding the way. Trips. The man behind the
green line principle. We'll talk about that, helping folks for
a couple of decades, and then some find him at
Limehouse Financial. That's limehouse Financial dot Com.

Speaker 4 (02:17):
Always a pleasure trip.

Speaker 3 (02:19):
How are you doing good, Steve? I appreciate it and
h how about you? You've been out walking the dog,
having fun and enjoying this warming weather.

Speaker 5 (02:29):
Oh yeah, getting out early so that you know, we
don't want to burn the puppy's feet.

Speaker 3 (02:33):
Yeah, that's right. Same here on our end, Fozzy and
days you've been we've been kind of splitting up early morning,
maybe not the full duration of the walk that we
normally do. About three miles is what we go. But
then you know, in the evening when it cools down
again doing it, So gotta get him out there. It's
good for us too, it is.

Speaker 4 (02:50):
Well, yes, it's lazy, Well she is.

Speaker 3 (02:53):
I can relate to that. I can relate to that
at a time.

Speaker 4 (02:56):
So she'll barely walk a mile.

Speaker 3 (03:00):
Oh that's mindset. That's mindset.

Speaker 4 (03:02):
And we're just what we're talking about here, isn't it?

Speaker 3 (03:04):
Talking about that opening up the show, And you know,
I think that people get fixated on retirement and having
a certain amount of money, et cetera. We thought we'd
kind of unpack it a little bit more and talk
about the way people think, you know, regarding their financial
scenario and retirement. And that's what we're doing here on

(03:26):
the Road Retirement Show. We're talking about where you're going,
teaching you how to get there and stay there, and
we're having a lot of fun doing it. Visit our
website Limehouse financial dot com. The Road Retirement Show. We're
having fun helping people. So we're gonna just dive into
the findings of the if you Will Mind over Money
study and this was done by Capital One and the

(03:48):
Decision Lab. This research reveals how our mindset profoundly influences
our financial behaviors, and we're gonna explore how adopting a
big picture perspective if you will can alleviate financial stress.
Imagine that alleviated. That sounds good, doesn't it.

Speaker 4 (04:06):
I like that?

Speaker 3 (04:07):
Yeah, I mean nobody likes that. But also we're going
to talk about how we can move towards having healthier
money habits. All this is very important, you know. That's
something our mindset here at Limehouse Financial is not just
to focus on the money. We talk about that all
the time. We focus on the person in front of us,
you know, getting to know them, understanding them, how they

(04:29):
think and feel about things, and you know, helping them
get to where they want to go. Hey, people spend
years and years years working and they look forward to
this retirement thing and then they get closer and then
they're like, oh my gosh, can I do it? What's
it going to look like? Am I going to be
able to you know, continue on with it. Should I
do it? And and we help answer all those questions

(04:50):
and more. Let's talk about financial stress here for a moment.
That doesn't sound like a fun thing to talk about,
but it's real. I've felt it many times in my life.
And how about you. Can you relate to well financial stress?

Speaker 5 (05:03):
I think we all can, and I you know, when
you when you look at the numbers and from this
study Mind over Money, seventy seven percent of Americans feeling
are feeling anxious about their financial situation. And yeah, I
guess so because there's so many things unknown. But one
way to alleviate that is to sit down with you
in independent fiduciary advisor and you know, put the plan

(05:26):
together so you can alleviate that stress.

Speaker 3 (05:29):
That's right, and we offer that to all people listening.
Eight hundred nine four zero six nine seventy nine Limehouse
Financial dot com. I mean talking about financial stress. I
read this article posted by Newsweek on six thirteen, and
the title of this article it says Americans fear of

(05:53):
stock market crash skyrocket, Okay, and it goes on to
talk about, you know how President Trump's tariffs, you know,
are taking effect, and that's making people concerned. And it
says this, I'm quoting it, nearly twenty six percent of
the population worries that Wall Street might hit hit rock bottom,

(06:13):
says resonate in Concerns of our broader economic slowdown have
increased by seventeen and a half percent to forty six percent.
So you know, things are moving and shaking. And when
I read this article, I thought, well, this is like
not news to me, because we see people all the
time that are, you know, succumbing to financial stress, and

(06:37):
typically it's related to the title of this article that
I mentioned from Newsweek America's sphere of stock market crashing.
And you know, people are expressing that too us because
they're like, oh gosh, I'm so close. I work so
hard here I am and what if? Like it's the
what if scenario, you know. And as you just mentioned,

(07:01):
seventy seven percent of Americans feel you know, anxious about
their financial situation, and fifty eight percent of Americans feel
that finances control their lives.

Speaker 5 (07:09):
So so let me let me stop you the trip
finances controlling their lives?

Speaker 4 (07:14):
What does that mean to you? And doesn't sound good
to me?

Speaker 3 (07:17):
Yeah, I think it means that people are relying, for
the most part on the market to ensure their success
as they're moving forward, in particular towards retirement. You know,
because realistically, there's and we've talked about it many times
here on the show, there's two things that happen. There's

(07:37):
a person working, Okay, a person working, and and that's
where income is coming in, you know, because a person's
working or there's money working.

Speaker 6 (07:48):
Uh.

Speaker 3 (07:48):
And usually when the when the person stops working, the
money has to begin to work. And I think that
is really inducing more and more fear for people, uh
in the age group that we're working with in general,
because you know, they're like, Okay, well, I've got this
finite amount of money, and I'm getting ready to not
work any longer and generate you know, revenue to pay

(08:10):
the bills. So I'm gonna have to use my money.
And how long is my money going to last? And
what if the market does turn and I lose you know,
twenty five or thirty percent of my portfolio? And you know,
all these things are coming into play. And how is
that People are wondering, how is inflation going to affect me?
How about taxation? How's that going to affect me healthcare.

(08:32):
I mean, gosh, there's so many pieces and parts to
you know, to this whole thing called retirement that are
often overlooked or not accounted for. And uh, you know
that that just goes to show folks, it's so important
for your success to work with an expert like myself
or like my investment advisor, Jonathan O'Reilly to ensure that

(08:55):
even with all the things I just mentioned that you're
definitely going to be okay. I mean, we want to
help you reduce or eliminate that financial stress. And quite frankly, Steve,
I don't know if we can ever fully eliminate financial
stress from people, you know what I mean, because I
think some people are maybe just built like that.

Speaker 4 (09:12):
They're just not think so too.

Speaker 3 (09:14):
They're just kind of going to always be stressed.

Speaker 5 (09:16):
I used to work for a guy he would say,
when you talk about having stress, he goes, well, think
about this.

Speaker 4 (09:21):
The absence of stress is death.

Speaker 3 (09:24):
Yeah really really, But I think I think stress reduction
is a positive thing and it's achieva. Yes, So it's
achievable when we're working with you guys out there and
and and helping you, it's achievable because we're building you
a plan, and we're accounting for all all of the

(09:44):
things that are necessary to ensure your success. And and
quite frankly, we're not just focused on, you know, one aspect.
We're focused on a lot of the like the whole
total package, if you will. And and but in particular,
I want to hone in on that on that green
line principle strategy that we talk about here on the
show so often. Folks. You know, one of way that

(10:06):
you can truly alleviate, you know, financial stress due to
the market being volatile, is by incorporating the green line
principle into your overall plan. Now, I will be clear,
it should not be the only part of your plan.
It needs to be like included as a whole. You know,

(10:27):
you need to have money at risk, you need to
be in the market for capital appreciation and to outpace inflation.
But a safe money strategy does wonders for you, okay,
And that's what the green line principle is. It's a
zero is your hero, no downside, a lot of upside potential,
and it allows you to sleep well at night. We

(10:48):
call it the Swan plan sleep well at night. It's
a fantastic thing. And again, when that's included as a
part of your overall plan, you're going to have less
financial stress and you're going to have more freedom moving
forward in retirement. So make sure you ask us about
the green Line Principle. Check it out online Greenlineprinciple dot

(11:09):
com or visit limehouse Financial dot com eight hundred nine
four zero six nine seven nine. I want to give
a big shout out to all my long time listeners.
You guys are awesome. Once again, thanks for your positive
feedback all the time, letting us know how much you
appreciate the work that we do and the information that
we provide. We're very fond of you and we appreciate

(11:33):
you tuning in week in and week out. And if
you're new to the show, welcome. We're having fun helping
people here at Limehouse Financial. We're social security and income
planning experts. We help you get where you want to
go regarding retirement and stay there. And of course, as
I'm thinking about people who say hello to our clients,

(11:53):
we love you guys. You're awesome. Without you, we wouldn't
be able to do this. So but back to the
financial stresses, we're winding down. Going to come back and
pick up with this in the next segment. Two, folks,
But there is an impact of stress on the behavior
that you have. It doesn't just affect our emotions financial
stress and it does, it influences our financial behaviors. According

(12:17):
to the study, financial stress leads to fatigue, difficulty concentrating
at work, and sleep disturbances. Moreover, stressed individuals are likely
to save regularly less people who are less stressed are
going to be able to save better. As the bottom line,
they're okay and they're not spending impulsively. So you know,

(12:39):
we want to try to break any cycles of stressed
induced financial missteps. Okay, we're talking about shifting your mindset
and becoming healthier as you're moving forward in retirement. Right now,
for the next ten callers in the next ten minutes,
you're going to receive, at no cost or obligation, a
written plan for retirement individualizing is just for you, built

(13:02):
by our TEMO certified financial professionals eight hundred nine four
zero six nine seven nine. The next ten callers in
the next ten minutes, no cost, no obligation, individualized, customized
written plan for retirement.

Speaker 4 (13:16):
Call in now, sounds fantastic, folks. There's no cost, there's
no obligation.

Speaker 5 (13:20):
Like Tripp just said, you get a better handle in
your financial situation and you'll find out what your investments
are really costing you because of fees or commissions. Tax
implications will certainly be discussed, and income how much you
can securely generate once you move into retirement. Call Trip
and find out eight hundred ninety four zero six nine
seventy nine. That's eight hundred ninety four zero sixty nine

(13:40):
seventy nine quick break for us. We're coming right back
with lots more on the road to retirement with Trip Limehouse.

Speaker 3 (13:46):
We're talking about making better financial decisions. We're talking about
changing your mindset so that you have a shift in
perspective to reduce your stress and increase your savings, thus
putting you back and control. We're going to continue on
with that when we come right back.

Speaker 6 (14:08):
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 seven nine, or text trip to RiPP to eight

(14:29):
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 ninety four zero
six nine seven nine.

Speaker 7 (14:38):
Getting the right retirement strategy suited to your unique needs
and desires is called hitting the bullseye. You can say
I nailed it, you actually should say we nailed it
because there's a firm right there with you putting together
the pieces of your own retirement puzzle. It's a bullseye
plan for you. A call trip Limehouse, host of Road

(14:59):
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 (15:19):
We're back on the road to retire, but with trip
Limehouse got a nice drive going on today, trip leaving
the way as he always does, a smooth salem. It's
what we hope to a find and what we achieve
in getting into retirement. Trip's been helping folks for a
couple of decades and then some you'll find him at
limehouse Financial. Limehousefinancial dot Com is the website. Check that
out and there's there's a lot of great information. You've

(15:42):
got resources on the website. Trip, lots of good stuff there.

Speaker 3 (15:45):
I appreciate that. Yeah, we we build it and we
keep it live, always adding new things out. One of
the things that we hear that people really appreciate on
limehouse financial dot Com is under the resources tab and
it's a budget worksheet. You know, we talk about that
here and there on the show. I mean, really, who

(16:05):
likes to talk about a budget? Not a fun thing
but a necessary thing to ensure success. So, folks, you know,
if you're not currently living on a budget, or you'd
like to know how to put one together, or just
you know, become better at what you're already doing, visit
limehouse financial dot com. Check out the resources tab, print
that budget worksheet and use it for the better. That's

(16:27):
what we want to do, help you be more in control,
more independent during retirement. And one of the ways we're
doing that is by having shows like this today where
we're teaching you how just something simple like a shift
in perspective can help you reduce stress. You know, see
if we do see people and they come in and
they're stressed out regarding finances. I mean, in the first segment,

(16:50):
we talked about financial stress and how it does affect people,
and we talked about how it not only affects the
whole person, but how it affects the the decisions that
they make their financial behavior. You know, now we're gonna
talk about embracing a big picture thinking, and I think
for for folks out there, this is a this is

(17:10):
a big deal, Like let's take a look at the
whole thing. Right. Oftentimes we just look at, oh my gosh,
like this one thing. And for us what we see
here in our office is the one thing seems to
be just like the money, and it's more specifically drilling
down like the amount of money that a person has
or doesn't have. I mean, it's pretty startling. Several weeks ago,

(17:32):
Jonathan and I sat down with a couple and this
couple had, you know, like just under one and a
half million dollars in their two four one case. And
you know, I think that's a lot of money at
any time, and they certainly are going to have a
good retirement because I know that because we've built them
a plan already. But you know, they just didn't think

(17:52):
they had enough and they didn't think they're going to
be able to retire. So it was causing financial stress
and causing the way that they behave with their money
to be different than it it I think should be.
And you know, folks, you know that quit chasing a number.
I want to just stress that to you, Okay, But
what we really need is to sit down together and

(18:16):
do the big picture thinking. I mean, interestingly, there was
a study on big picture thinking and it found that
even a brief moment of big picture thinking focusing on
long term goals can improve your financial behaviors, and participants
who engaged in the abstract thinking we're more likely to
save in budget effectively. So you know what my question

(18:36):
to you guys listening now is what practical steps can
you take to incorporate this kind of a mindset into
your daily financial decisions. So I think a practical step
would be just call eight hundred nine four zero six
nine seven nine eight hundred nine four zero six nine
seven nine and ask us about the written plan for retirement,

(19:00):
you know, Steve. When we build plans for people, it's
very satisfying and very rewarding for Jonathan, my investment advisor,
and for myself when we present it to people. You
know why, because when we hand someone sitting across from us,
they're individualized, customized, written plan for retirement that has taken

(19:22):
into account big picture thinking, and we demonstrate to a
person who did not think they had enough money to retire,
that they could retire the effects of that are life changing.
As a matter of fact, we brought on a client
recently and that's what they said to us. They said,
this has been life changing for us. That's pretty phenomenal

(19:45):
as a financial advisor, for Jonathan and for myself to
hear people remind us. I mean, we know that it's
life changing, but when someone verbalizes it like that, when
they are just that emphatic and they say this, this
is life changing. This has been life changing. And we
see them go from you know, being under financial stress

(20:07):
and making bad decisions with their money, you know, or whatever,
to moving out of that, to tasting success and to
knowing that they can retire. I mean, it is just
it's freaking awesome.

Speaker 4 (20:23):
We love it absolutely.

Speaker 3 (20:25):
I mean that's why we talk about all the time.
We're having fun helping people, you know. I also want
to make the point that it doesn't always go that way.
I mean, you know, sometimes we're seeing people when we're
telling them, you're right, you're going to have to work longer,
and here's why, and here's what you're going to have
to accomplish before you retire. But in general, we're working
with people that have seven figure portfolios and they're coming

(20:45):
to us and they are not quite sure what to
do from this point forward, and we're building them a
plan and we're teaching them about their retirement success rate,
and we're demonstrated to them that if they follow this plan,
here's what retirement is going to look like you. And
you know, in general, people are like, okay, this is
I like this, I'm comfortable with this, I understand this,

(21:09):
and you know, what do we do next? And then
they're becoming clients folks that could be you. You could
have the opportunity to work with us, and we would
certainly like that, and so would you. We want to
do the things you're talking about on today's episode, you know,
just the simple things, A shift in perspective. I want
to teach you how you can have a great retirement
with no stress or less stress. Okay, so I like that. Yeah,

(21:32):
let's definitely you know, look at big picture thinking and also,
you know, let's kind of keep unpacking this whole thing. Okay,
we're talking about changing mindset so you make better financial
decisions and you can move forward and be independent and
controller and retirement. Let's talk about some practical tips that
have a smarter money mindset. I think that I think

(21:55):
that kind of goes hand in hand with what we've
been talking about.

Speaker 4 (21:57):
Steve. I like it, you know, keep your goals visible.
That that makes sense.

Speaker 3 (22:01):
Well, of course, that's definitely an actionable strategy. I mean,
just like keep it in front of you, you know,
and and that ties into when we're building plans for people.
We're we're we're narrowing down two things. What is your
retirement income goal? In other words, what do you need? Okay,

(22:23):
what do you need to keep things going? Maybe you
still have a mortgage, uh, you know, a car payment.
We all have utilities, probably cell phone, grocery, gas, you know,
things along those lines. Right, Okay, so we're talking about
retirement income goals. That's that's that's looking at a visible goal.

(22:44):
And then and then we're going step further and we're
talking about what do you want to do, because that's
a that's an additional goal. Okay, what are your lifestyle goals?
I mean, you know, do you want to do traveling?
Do you want to give a lot of money away?
I mean, if you will? What's your bucket list? That
kind of a thing. And so we're making those goals
tangible within the written plan for retirement by setting them.

(23:08):
And then when we're providing those to people, we're saying here,
you know, of course, here is your written plan for
retirement with your goals that are very visible, and that
works good for people. It's a constant reminder that hey,
I can do this, I'm going to do this, I
am doing this, and this is what it's going to

(23:29):
look like. And by the way, Steve, you know, I
have seen some things that are problematic out there there.
People come to us sometimes for second opinions. Folks, if
you'd like a second opinion on where you are or
maybe what's already been provided to you by another professional
out there, I'm offering you a second opinion right now
on your portfolio, on your plan, on your insurance products

(23:50):
that you own, all that stuff. If you'd like a
second opinion on any or all of that, give me
a call right now at eight hundred nine four zero
six' nine nine and just ask us for the second.
Opinion we'll do that for, you no cost or. Obligation,
okay but you know we're taking a look at all
of this stuff and we're focusing on values over. Features

(24:11):
if you, will, okay you, KNOW i don't. Know when
people make, purchases you, know they have to consider how
they align with their long term, goals you, know rather
than getting in the the product. DETAILS i think that
for most people that become clients here At Limehouse, financial
one of the things that makes it easy for them to, Say,

(24:32):
hey i'd like to be a, Client i'd like to
work with you is the fact that we're doing WHAT
i just. Said we're focused on focusing on the values
over the. Features we're ENSURING i, mean from a fiduciary, Capacity,
steve we're only making recommendations that are in a person's best. Interest,
Okay so we're ensuring that the person we're sitting with
can go where they want to, go do what they

(24:53):
want to do and that they're going to succeed by
following a. Plan And i'm going back to it. Again
we're certainly back to helping people reduce their financial. Stress
and it just takes a little bit of a change
in a. Mindset and have you ever seen a deer
and stuck in? Headlights?

Speaker 4 (25:11):
Oh, YEAH i know that.

Speaker 3 (25:12):
One they just are, like, okay, HERE i, am well
not moving, RIGHT i see, that you see.

Speaker 2 (25:17):
Me i'm not.

Speaker 3 (25:17):
Moving please don't come any. Closer you, know that's kind
of deer in. Headlight. Look, well so we kind of
see that when people come in and we're talking through you,
know where they, are where they want to, go how
they're going to get. There and then when they come
back in for our second appointment and hear our, recommendations
we see that totally. Dissipate we see them settle in

(25:38):
to this comfort. Level we see the financial stress just
kind of like be instantly reduced because now it's been
demonstrated to them that they can do this and they can.
Succeed so we're using gold directed, planning if you. Will,
folks all of the Things i'm talking about right now
can be. Yours, okay but you must be one of

(25:59):
the next ten callers in the next ten minutes that
picks up the phone and, says, HEY i want that
written plan for. Retirement that's the. Offer the next ten
callers in the next ten minutes will receive a, complimentary
no costs or, obligation written plan for retirement built by
our team of certified financial professionals at no cost or.
Obligation now this is, individualizing. Customized you cannot just call

(26:20):
in and say email it to me or mail it to.
Me you must come, in go through our process and
you will receive. This the next ten callers in the
next ten minutes get a written plan for retirement at
no cost or. Obligation eight hundred nine four zero six
nine seven nine.

Speaker 5 (26:35):
Sounds great trip Advice like that's showing you how important
it is to meet with a financial, coach somebody who
truly understands the ups and downs and ins and outs
of the financial. World so do take advantage of the.
Opportunity make sure you're on the right. Path that path
is based on things like your risk, preferences your, budget
and of course your. Goals eight hundred ninety four zero
six nine seven nine eight hundred nine four zero six

(26:56):
nine seven. Nine quick break more on the road to
retirement With trip P Limehouse right after.

Speaker 3 (27:00):
Saving for retirement is, essential but saving alone is not a.
Plan today we're unpacking the key steps to turn your
retirement savings into a real strategy that can provide lasting
income security and peace of.

Speaker 8 (27:19):
Mind, hurricanes, tornadoes and, fire these are serious situations we
plan in advance for The volatility of the market can
be just as devastating when a market correction does. Occur
there are strategies you can employ to balance. Back Call

(27:41):
Trip limehouse and his team At Limehouse financial today at
eight hundred nine four zero sixty nine seventy, nine or
text the Keyword trip to eight hundred nine four zero
sixty nine seventy. Nine we've made it, easy. Folks all
you have to do is call or text the Keyword
trip to eight hundred nine or zero six nine seven.

Speaker 4 (28:02):
Nine welcome back.

Speaker 3 (28:06):
The road to.

Speaker 5 (28:07):
Retire but as the, Program Trip limehouse is guiding us
along this journey towards, retirement and he's been helping do,
it helping people do just that for more than twenty.
Years how Alongside jonathan, O'Reilly the investment advisor and again
you can find you can Meet jonathan ON, tv, right
but he's part of THE tv.

Speaker 3 (28:24):
Show oh, yeah, yeah we're having a lot of fun
on TV's the he's the really good looking younger guy
there as he's often as he's often described by. People
they come in and, say, oh you're the young you're
the good younger.

Speaker 2 (28:36):
Guy.

Speaker 3 (28:36):
Yeah also people can can meet. Him you, know we're
doing these live, events. FOLKS i encourage you to Visit
Limehouse financial dot com look under the events tab to
see where we're going to be because that's an opportunity
to meet not only, myself But jonathan and our other,
Advisor Carson, lester who helps you in the. Office so

(28:58):
we're having. ONE i want to let you guys out
there know we're having A we're having a one at
The Lexington County Public. Library it's going to be A,
Wednesday july the, ninth and it's gonna be at six.
Pm no, cost no. Obligation this is a social security
and income planning. Workshop we'd love to have you. There

(29:19):
we're gonna serve up a lot of great information and,
uh we're always around to answer questions and get to
know you a little Bit after the. Event as well Again,
Wednesday july the, ninth six, Pm Lexington County Public library
a Social security and income planning, workshop no cost for.
Obligation be there or b, square as we often, say
we'd love to see.

Speaker 1 (29:39):
You, so.

Speaker 3 (29:41):
You, know so this whole, thing, Right people sometimes think,
Saving i'm just gonna, save, safe, safe, safe save and
and and you know they're, Like i'm gonna get.

Speaker 4 (29:49):
There that's ALL i have to.

Speaker 8 (29:50):
Do.

Speaker 3 (29:50):
Save, Yeah it's ALL i gotta, do, Right Just i'm
not discounting, saving And i'm not saying that that that
that that that my said is you, know not not.
Real but there's more to, IT i guess is the
point that we want to make, today, RIGHT i mean, no, NO
i think a lot of people believe that simply having

(30:12):
savings means that they're prepared for. Retirement but once you,
retire you, know the question that you guys out there
need to ask it is not just how much you have,
saved it's how you were going to use. It, So
STEVE i thought we could help our listening audience by

(30:32):
breaking down some crucial areas that can help help people
turn their savings into a true. Plan the four letter,
word the P l a n's all, right what do
you want to start? With we to talk about this
before we got. Going what do you think we should start?

Speaker 5 (30:51):
With, WELL i think one of the things that a
lot of people just assume because they've heard it for
years is the four percent. Rule and you, know in other,
words you take four percent and you don't touch the.
Principle but let's break that down because that may not
be quite as what current as it was.

Speaker 3 (31:07):
Once so so WHAT i hear you talking about is income, distribution, right,
yes because that's what the four percent rule has to do.
With you, know the four percent rule goes something like,
this IF i only take four percent out of my,
portfolio it should last me the duration of. Retirement. Right
but here's the, THING i feel like that rule may

(31:28):
be a little. OUTDATED i MEAN i call it the
old four percent. Rule that's kind of HOW i refer to,
it you, know, Right and, again what did it do
or what does it still? Do it just suggests that
a person could safely withdraw four percent of their retirement
savings each. Year but you know what's happened is it's

(31:52):
lost favor with many. Experts so Doctor David babbel From
Wharton That's college warns that using a fixed withdrawal strategy
with stock heavy portfolios could result in a ninety percent
chance of running out of. Money so you, know what

(32:15):
are we doing? Well you, know first of, all we're
functioning from a fiduciary. Capacity we're only making recommendation center
in your best. Interest we're using different if you will
dimensions of. Money, okay we, have you, know a safe
dimension where we're, saying, hey you need to have this
much liquid in your overall. Plan and then we're having

(32:35):
the green lined principle as a second, dimension, again a
safe money strategy where's zero is your, hero you cannot go.
Backwards you have a lot of upside potential that should
be incorporated as a part of everybody's. Plan and then
we're professionally managing money in the third, dimension if you,
will in a portfolio that's important for capital appreciation and
to outpaced. Inflation so what are we doing. Well we're

(32:58):
making sure that there are income producing assets for essential,
Expenses we're making sure that there's enough for emergency fund
for unexpected, needs and then we're growing money to again outpace.
Inflation so you, know, folks a question for you is
are you structuring your assets to give you all the
things THAT i just, mentioned you, know to balance s

(33:19):
guarantyed didn't coome with long term growth for most. People,
see we find that they're Not we find that people
are just in something like an old maybe sixty forty
portfolio or seventy thirty. Portfolio quite, frankly the things that
used to work just aren't working. Anymore we're just in a,
different you, know world than we used to. Be the

(33:41):
landscape is. Different you. Know when we see things like
bonds not performing when equities are not, performing we're, like,
hmm this is pretty perplexing because typically the correlation is
when equities are not, performing bonds are going to. Perform
but here recently it hasn't looked like. That, so you, know,

(34:03):
FOLKS i guess the bottom line is you need to
be doing things. Different you need to be thinking. Different
and we've talked a lot on the episode today about your.
Mindset we've also talked a lot on the episode today
about the importance of working with us as the expert
in these areas to ensure your success moving. Forward eight
hundred nine four zero six nine seven Nine Limehouse financial Dot.

(34:28):
Com so, anyway the old four percent. Rule could it? Work?
Maybe is there a better way to do? Things? Yes
and quite, frankly when we ask people if we could
show you a better way to do, this would that interest.
You i've never met a person that has said, NO

(34:49):
i just have. It so you know the better. Way
pick up the phone right, now Paul us eight hundred
nine four zero six nine seventy nine eight hundred nine
four zero six nine seven. Nine let's talk about tax.
Mitigation how about.

Speaker 5 (35:05):
That let's do it because that IS i, mean that
is such a, big big part of, retirement AND i
don't think enough emphasis is placed There.

Speaker 3 (35:13):
Oftentimes, YEAH i think that taxes are you, know known,
about but maybe OFTEN i don't, know not talked about.
Enough probably who likes to talk about the three letter
WORD T A. X i, mean you, know really not
a lot of. People but, folks we don't want to
let taxes derail your. RETIREMENT i, mean even in this

(35:35):
next part of your life called, retirement the government is still,
very very very interested in your. Income imagine that right
just doesn't. Stop and as a matter of, fact it's
kind of startling for. PEOPLE i, mean you, Know steve,
again you know we're working mostly with people seven figure

(35:58):
portfolios that are Tax they're coming to us for help
on how to protect and preserve that, portfolio how to
distribute that, portfolio how to pay less. Taxes we're helping
them with all that. Stuff but people are sitting down
with us and they're shocked about the level of taxes
that they're going to have to pay during. Retirement it's
kind of a double edged. Sword. Folks having that problem

(36:21):
of paying taxes during, RETIREMENT i think is better than
not having that. Problem if you don't have that, problem
probably you don't have a lot of money. SAVED i
mean not, necessarily but. Probably so having to pay, TAXES
i think it's an indicator of you're in a healthy
position moving forward in. Retirement but you, know just as an,

(36:42):
example this year twenty twenty, five up to eighty five
percent of Your Social security benefits could be taxable's that's pretty,
Startling steve Eighty and the question is, why, like you
pay into it and then you get it and as,
TAXABLE i JUST i don't, know you, know just it's
it doesn't make a lot of sense to, me and
probably not to you guys out there. Either, now the

(37:04):
next tier down is fifty percent of your social scrity being,
taxable or then none of it might be. Taxable, so you,
know we often as experts talk about macro tax, planning
and that's where we're looking at your entire tax picture
over your, lifetime not just year by. Year so things
like roth, conversions strategic, withdrawals and diversified tax, buckets if you,

(37:31):
will it can dramatically reduce your lifetime tax. Bill so
a question to ask yourself is could you be paying
more taxes in retirement than you? Realize you, know you
might follow in that. Category everybody out there needs a
tax efficient retirement. Plan will help you with that eight
hundred nine four zero six' nine Seven nine Limehousefinancial. Dot

(37:55):
com as we're, WRAPPING up i want to talk, About,
PORTFOLIOS steve, i think, ALL right i think everybody needs
to kind of just like really take a good look
at where. They are, you know a lot of times
these things are like set it and, forget it and
that doesn't necessarily work, too well you.

Speaker 4 (38:11):
Know exactly so we what what do we need?

Speaker 5 (38:14):
To do what do we need to be aware of
that that we should, you know to help us get
to where we need to BE.

Speaker 3 (38:19):
Well I think i think readjusting portfolios are a, good
idea and having someone on, your side like my Investment Advisor,
jonathan O'Reilly to help you do that is is. HIGHLY recommended,
i mean you might have taken, you know higher risk
during your working years and now that you're getting closer

(38:40):
to or, in retirement you need to dial. That back,
so decumulation, of course which is drawing down, your savings
it does require a different. Skill set and, you, know
folks you're subject to sequence of returns risk and that
can devastate early retirement if markets decline while you're still taking.

(39:00):
Money out so let us help you build a plan
to preserve your assets while still allowing. For growth that's
the type of work that we do Here At. Limehouse,
financial hey this offer is 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
individualized and customer is just for you at no cost.

(39:23):
Or obligation the next ten callers in the next ten
minutes will receive a written plan, For retirement individualized and
customer is just for you at no cost. Or obligation
just to, be clear this is not something you can
call in, and say mail it, to me send it.
To me you must come in and go through our
process to receive this and you'll be better off. For
it give us a call, Right now next, ten callers next.

Speaker 5 (39:45):
Ten minutes, Sounds, great trip do give us. A call
goal here at the show is to help you make
the best decisions for you when it comes to. Your
retirement so if you do have questions about what we're,
talking about maybe how it applies in your, own Situation
give trip.

Speaker 4 (39:58):
A call and. Find out eight hundred ninety four zero
six nine seven nine eight hundred nine four zero six
nine Seven nine one more segment to go on the
road to Retirement With.

Speaker 3 (40:07):
Trip linehouse when we, come back it's time to dig
into the mail bag and find out what you want.
To know. Couping up.

Speaker 6 (40:21):
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 egge? Or, you well of course you want to
relax and travel and enjoy And, nest egge you've.

Speaker 4 (40:39):
Got more work to do for.

Speaker 6 (40:41):
A retirement that maximizes, your portfolio your, social security avoids,
unnecessary risk protects you from pitfalls and frankly lets, you
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 for you based on.
Your Situation Call trip limehouse at eight hundred and nine

(41:05):
four zero six nine, seven nine or text trip tripp
to eight hundred and nine four zero six nine. Seven
nine that's eight hundred and nine four zero six nine,
seven nine or text trip to eight hundred and nine
four zero six nine. Seven nine this is such a blow.

Speaker 3 (41:21):
To invest do it, Right now break there with your.

Speaker 2 (41:23):
One the world the. Most epode it.

Speaker 7 (41:26):
Takes courage to face up to things like volatile Markets
And wall street. Money traps if, you're, unsure worried or
losing sleep about, your money do something. About It Call,
trip limehouse Host of Road to retirement eight hundred nine
four zero six nine, seven nine or text trip tripp
to eight hundred nine four zero six nine. Seven nine
we've made it easy for you to take advantage of this.

(41:48):
Fantastic offer all you have to do is call our
text trip to eight hundred nine four zero six nine.
Seven nine.

Speaker 5 (41:57):
We are back on the road to retirement With. Trip
lie how has this been a really fun? Ride today
learning a lot along, the way and this is always
a fun, part too to get into some of. The
questions but before we, do that remind everyone again you've
got an event coming up on the Ninth.

Speaker 3 (42:12):
Of, july yes, we do, and folks we would love
to have you. In attendance this is a social security
and income, planning workshop no cost Or, Obligation wednesday, july
ninth at six pm At The Lexington county library right Here,
at lexington and we'd love to have. You, Again wednesday,
july ninth six pm At The Lexington County, public Library

(42:35):
A social security and income. Planning workshop come. On out
you won't. Regret it it's your opportunity to sit down,
with us learn more about what we do and how
we can, help you and gather a lot of information
so you'll be healthy and successful moving forward.

Speaker 4 (42:49):
INTO retirement i, like it and again let's jump into
a couple of questions here before we run out.

Speaker 5 (42:54):
Of time here's. A Couple it's Jacob. And barbara They're
in chapin and they've been steadily contributing to a traditional
four oh one k for over twenty five years and
now have about nine hundred and fifty thousand. Dollars saved
and what they're wondering is if it makes sense to
reduce contributions in their final working years to free up

(43:15):
cash for paying down. Their mortgage what's the tradeoff between
retiring with less debt versus a slightly bigger four oh.

Speaker 2 (43:22):
One?

Speaker 6 (43:22):
K wow.

Speaker 3 (43:24):
Great QUESTION so i tell you saving for twenty, five,
Years congratulations and also the amount that you've, saved is
by no means a. Small amount i'm proud of your.
Good job so would it make sense to reduce your
contributions to potentially free up cash or paying down. Your
mortgage i'd say yes for. Two Reasons, number one moving

(43:48):
into retirement having no debt is. Obviously ideal but, number
two any further money you put in a tax deferred
retirement vehicle is going to cause you to have more taxation.
During retirement so get, the, match okay that your employer is,
offering you, you know through your retirement your retirement account.

(44:09):
At work by, THE way i want to make a, clear,
distinction folks having a retirement account at work is not having.
A plan there's a big difference between an account versus.
A plan so the sooner you move towards having, a
plan the better you're going to be. In retirement but
back to, this question the trade off, with retiring, you
know with less debt versus a bigger FOUR. ONE k

(44:32):
i think one to outweighs the, other significantly, no mortgage
a little. LESS saved i think you'll be. Just fine,
but really, for, you guys what you need to do
is come on in and, see us and let's build
you the written plan. For retirement let's show you how
to continue, to accumulate and let's show you how to
move towards the, decumulation stage preserve and protect, your money

(44:53):
and structure a plan in such a way that you
will never outlive. Your money. That's key, so hey thanks
for being a listener and for a. Great question continue
on with the, good work and let's get that mortgage,
paid off.

Speaker 5 (45:05):
All right make it happen eight hundred ninety four zero
six ninety. Seven one if you'd like to get a,
head start. Let's hear let's Hear from Angela and Phil.
And lexington she says their will has. Been updated their
will hasn't been updated since the kids were in, high
school and now they're in their sixties with grandkids and
a small. Vacation property they've heard trusts might help, avoid

(45:26):
probate but don't fully understand. The differences what is the
simplest way to.

Speaker 4 (45:31):
Start updating an outdated estate plan to match. TODAY'S goals i.

Speaker 3 (45:36):
Like, that, yes YES and, i hey thank you so
much for being a listener and for. Calling in this
is a question that will benefit a whole lot of people,
out there because, YOU know i think that this just gets,
wondered about LIKE should, i update, you know my? Estate
planning and the answer.

Speaker 8 (45:51):
Is.

Speaker 3 (45:51):
Yes folks you need to be checking your beneficiary designations
making sure they're up, to date and you need to
be updating your estate planning making sure that it is up.
To date so when you mentioned to me that you
heard trust might help, avoid probate you're. Absolutely correct since
you have that vacation property and more than likely a,
primary residence it would be advantageous to look at a revocable.

(46:13):
Living trust you have to make sure it's the. RIGHT
trust a revocable living trust still allows you to maintain
control while, you're alive but would definitely avoid probate. At
Depth so i'd say the simplest way to start updating
in a state plan to match your goals today is
to come on in and see us and work with
us and let us talk with you through. Your goals,

(46:35):
you know we help people with their. Estate planning we help.
Our clients we provide them, with wills power, of attorneys healthcare,
power attorneys and revocable living trust and for our for
those that are clients, of ours we do this at, no.
Charge okay and for those that are, not clients we
provide their ways for them to get a will of,

(47:01):
power attorney healthcare, power attorney and a revocable, living trust
and we charge fifteen hundred dollars to. Do that so, you,
know folks if you're out there, listening now you haven't
done any, estate planning you know we can do it
for you and save you money over what you would
spend working with. AN attorney i will be very clear
that we don't give legal or. Tax advice we're not CPA's.
Or attorneys we. Are planners but part of being a

(47:24):
planner is talking to you about this very important subject
called estate planning and making sure that you have it
updated and structured in a way that benefits. You today
so anyway to summarize, the answer for, these callers definitely
want to update and the best way to do it
is just to come in and. See us. We can

(47:45):
retirement planning and estate planning go hand, in hand so
we can not only make sure that you have the
proper estate plan that's, updated correctly but we can also
make sure that you have the retirement plan that this proper,
as well because maybe that hasn't been reviewed in a.
Long time come on in and see us and we'll
help you. With that thanks for being.

Speaker 4 (48:06):
A caller eight hundred ninety four zero sixty ninety seven
nine is. The number and.

Speaker 5 (48:11):
Let's see we're going to Hear from Jill. In Columbia
and jill she says her mom just entered assisted living
costing six thousand dollars, a month and she's now in her,
early sixties wondering if they if she should start to
buy long term care insurance while she, still qualifies or
is it already? Too late what are the pros and

(48:33):
cons of getting long term care coverage in?

Speaker 4 (48:36):
Your, Sixties.

Speaker 3 (48:38):
Well i'd say the earlier the better when we start
talking about long term. Care planning, you know we've got
several things to consider, your health can you qualify it to,
obtain coverage and then the cost associated, with it is?
It reasonable, you know there's a lot of different ways
to cover yourself from the risk associated with long, term
care and Here At, limehouse financial we are, holistic planners

(48:59):
functioning from a do share capacity only making recommendations that
are in your. Best interest we're helping You, with medicare
with long, term care with, life insurance with the, state planning,
RETIREMENT planning i mean professional. Money management the list goes
on and on where it's kind of the, complete package
and this is part of that, complete package if. You
will so you have a couple, Of options asset based
long term care where we use lump sums of money

(49:22):
that are designated to protect you in the long. Term
care we have a hybrid long term, care strategy and
that's where you use a life, insurance chassis if, you
will that has an accelerated death benefit that can be
advanced to offset long term. Care costs and then we
have traditional long term care plans. As well so, YOU
know I mean i've been doing long term care planning

(49:44):
the duration of, my career which is in the excess
of twenty years at this point. IN time i like
traditional long term, care planning but the problem is you
can face higher premiums as, you age and if you never,
use it you've just simply, covered yourself which is a,
good thing but you know you've made never use it
and just to paid. For it we can't say it's for,
Nothing though so there's many different strategies and techniques that

(50:07):
you can implore to. COVER yourself, i mean definitely with
your mom entering, assisted living it's. EYE opening i hope
that you're doing okay and taking care of yourself, during this,
you know, challenging time but seeing that six thousand a
monthly out, the door it's a very difficult thing, to
Endure and i'm proud of you for thinking of, you

(50:30):
know what should you do to make sure. You're protected so,
overall though the long term care planning coordinates with the
retirement plan and you KNOW what i would offer to
you calling in today and asking this question is that
we want to build you a written plan for retirement
that incorporates reducing or eliminating the long term care risk

(50:53):
off of your plate so that you'll be healthy and happy.
During retirement hopefully never encounter something. Like this but come
on in and. See us let's build you a written plan,
for retirement and let's weigh through all these strategies together
and put the best thing in place. For you.

Speaker 4 (51:08):
Sounds.

Speaker 5 (51:08):
Good trip eight hundred ninety four zero sixty nine. Seventy
nine we've got time for. One more It's from Stan.
In blythewood he's feeling anxious with the market bouncing all over.
The place he says about sixty percent of his retirement
portfolio is still, in stocks and he's thinking of shifting
it all to bonds. Or cash how do you balance

(51:29):
the need for growth with the fear of loss when you're.

Speaker 3 (51:32):
Already, retired, well sir thank you for. Calling in thank
you for being a listener to. THIS show i think
that you know you touch on some things we've been
discussing this. Whole episode we've been talking about financial stress
and making bad decisions because you're, financially stressed and we've
been talking about a change. Of mindset you know what

(51:52):
comes to me right now is helping you to understand
that you are recognizing the need for growth And, safety
okay and that's. So appropriate it. Really is since you're,
already retired of which we work with a lot of
people who are, already retired we need to always monitor

(52:14):
how much is. At risk and it's different for. Every,
Person okay but what is not different for every person
is everyone that we, talk with everyone listening to me
now needs a safe. Money strategy we call it the green.
Line principle that's where zero is, your hero there's, no

(52:34):
downside a lot of. Upside potential this is your safe.
Money strategy so, YOU know i think, for you what we're, talking,
about sir is doing a portfolio, observation report learning about how,
you're invested where, you're invested, the performance the fees associated,
with it and seeing if it's right, for you, if
not making, better recommendations and then also teaching you about

(52:55):
how the green line principle can alleviate the fear that,
you're encountering which is. VERY real i understand that. Greenline
principle dot com to learn more, about That but, i'd
say let's build you, a plan and let's incorporate a
safe money strategy into. That, plan folks thank you for
tuning in to another great episode Of the Road To.

(53:16):
Retirement show we appreciate you very MUCH and i want
to encourage you to tune in again, next week, same time.
Same place you mean a lot. To us we're very thankful,
for you and we're glad that we can help you
get to and succeed. In retirement until, Next week god.
Bless you.

Speaker 2 (53:40):
The information provided is for illustrated purposes only and does not, constitute,
investment tax or. Legal advice information has been obtained from
sources that are deemed to, be reliable but their accuracy
and completeness cannot. Be Guaranteed Either trip limehouse nor his
guests are liable for the usage of. Information discussed always
consultable the, qualified, investment legal or tax professional before taking.

Speaker 3 (53:58):
Any action