Road to Retirement 07-12-2025

Episode Transcript

Speaker 1 (00:01):
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 agche 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,

(00:23):
your social security, avoids unnecessary risk, protects you from pitfalls,
and frankly let you retire and keeps the next 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

(00:44):
and nine four zero six nine seventy nine or text
trip tripp to eight hundred and nine four zero six
nine seventy nine. That's eight hundred and nine four zero
six nine seventy nine or text trip to eight hundred
and nine four zero six, nine seventy nine.

Speaker 2 (01:00):
They should provide it is for illustrated purposes only and
does not constitute investment, tax or legal advice. Information has
been obtained from sources that are deemed to be reliable,
but their accuracy and completeness cannot be guaranteed. Neither Trip
Limehouse nor his guests are reliable for the usage of
information discussed. Always consultable the qualified investment, legal or tax
professional before taking any action.

Speaker 3 (01:18):
Should you play it safe with a savings account or
let your dollars don a cape and fly into the
stock market. Whether you're a mattress stuffer or a market maven,
knowing when to save and when to invest can save
you from some serious financial face plants. Let's find out

(01:39):
which money move deserves your applause and which one should
stay in the piggy bank. Coming up next, do you
want to avoid taking a wrong turn or your retirement roads.
The road to retirement is a long one, and if
you just don't want to make wrong.

Speaker 2 (01:56):
B well, buckle up. We're getting ready to take a retirement.

Speaker 3 (02:00):
Road trip together. It's the road to retirement.

Speaker 4 (02:03):
With Trip Limehouse.

Speaker 3 (02:05):
It's the perfect amount to map it out. That road
to retirement is key, is key.

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

Speaker 3 (02:17):
Money is safe using the green line principle that you
taught me about. Thank you so much. Let's get this
trip started.

Speaker 2 (02:25):
It's the road to retirement with Trip Limehouse.

Speaker 4 (02:31):
Welcome on, everybody. This is the road to retirement with
Trip Limehouse. Trip is the guy behind the green line principle.
We'll talk about that. You'll find him at Limehouse Financial.
That's limehouse Financial dot com. He's been helping folks getting
to and through retirement for better than twenty years and
one of my favorite people ever, Trip Limehouse.

Speaker 3 (02:49):
How are you big compliment? I appreciate that, and it's
likewise same. We sure have fun working together helping people
learn all about this stuff, and I'm doing good. Thank
you for asking. Really enjoyed the holiday weekend and did
some fun things with friends, so I would shout out

(03:09):
to one particular friend, Brian. He told me that he
listens every every Sunday, and I said, I really appreciate that.
So hey, Brian, good to have you, and also to
everyone else. Welcome into another great episode of the Road
to Retirement Show. If you're new, hey, we're gonna have
a lot of fun talking about things that are relative
to keep you abreast of what you need to be

(03:31):
doing or maybe in some cases not doing, for this
Road to Retirement journey. That one day you'll be on
and and for those longtime listeners, we're just so thankful
for you, glad to have you back. Yeah. So yeah,
Amy and I just hung out, you know, had a
great time with our friends, and it was a nice
holiday weekend. How about you, would you guys get into.

Speaker 4 (03:53):
Yeah, we did have much the same, a very low
key you know, and went out and had the dog,
kind of had some fun with the dog, and you know,
we stayed home can hid from the fireworks.

Speaker 3 (04:03):
Yeah, yeah, because you know, you know my dog.

Speaker 4 (04:07):
I know some dogs are okay, but I know a
lot of dogs aren't.

Speaker 3 (04:10):
But you know, wow, yeah, yeah, our labradoodle, our first labradodle.
She's not here with us anymore. But she did not
like the fireworks at all, So I get that. Fozzie
and Daisy they don't mind. So we were fortunately good
with that. But I think my favorite part of the
weekend was, uh, just hanging out with Amy and holding

(04:30):
her hand, watching the fireworks and enjoying being with her. Honey,
I love you so much, so folks. You know, another
thing that we really love is is just spending time
with you talking about all things retirement. So you know,
this is a big thing. You know, a lot of
people wonder about this, Steve. You know, should they just
stick with money and savings or should they put money
in the market. I mean, I guess in the realm

(04:51):
of personal finance, saving and investing are two fundamental strategies
that serve different purposes, you know what I.

Speaker 4 (04:58):
Mean, absolutely I do. And again I think, you know,
sometimes we're savers and some of us are savors, some
of us are investors, and there's a difference, and it's okay.

Speaker 3 (05:09):
Oh yeah. I mean saving is going to offer security
and liquidity, and investing is going to provide potential for growth.
I think for our listeners, determining when to save and
when to invest it definitely can significantly impact your financial
well being. So let's just kind of kind of run

(05:30):
through that for folks. And I guess a question I
like to ask our listeners is, folks, do you know
what distinguishes savings or saving I should say, saving from investing?
Do you know what distinguishes saving from investing? And this
is something that you know, I've had to learn over
the years, just you know, I try to be, you know,

(05:54):
really fully transparent on the show for many many reasons.
I like people to get to know me and and
connect connect with me even before they come in to
see us. And by the way, folks, just so you
know how to get in touch with us, it's eight
hundred nine four zero six nine seven nine limehousefinancial dot com.

(06:14):
We want to see you. But I'm real transparent. I mean,
you know, it's taken me many, many years to learn
the difference between saving and investing and to try to determine,
you know, for Amy and myself, when is the best
time to invest. You know, I think that the biggest
thing here is liquidity. Liquidity comes to mind. You know,
when you're saving, you save for a purpose, okay, and

(06:38):
when you invest, you invest for a purpose. So when
I think about this saving is let's build up what
we have readily available liquid that we can use for
whatever we may need. Maybe it's you know, to help
an adult child out or a grand child out, or
help ourselves out if if we need to, you know,

(07:00):
fix the car, buy a new car, fix fix the
AC unit in the house. I mean, the list goes
on and on, these real life things. Having adequate liquidity
is so important, it's so important. We typically recommend twelve
months of what it costs you to live in the bank,
and even twenty four months is best. Just folks, I
want to encourage everybody out there. You know you can

(07:21):
obtain this goal. Just start as best you can. And
also I want to share with you if you're if
you're heavily investing in a retirement account, okay a four
to one k TSP four or three B four P
fifty seven, whatever it may be. And let's just say
you're just putting a lot of money there that that

(07:42):
is so awesome and I'm proud of you. But if
you're doing that and you only have five thousand dollars
in your checking your savings account, you're you're doing things wrong. Okay,
I mean it wasn't too long ago. Jonathan, my investment advisor,
Jonathan o'reiley, and I sat down with a couple and
they fell in that category. They had like nine thousand
dollars in there checking and savings account and they had

(08:05):
one point three million in their retirement account. And they
were not fifty nine and a half yet. So if
they took money out of their retirement account, they were
facing a penalty and taxes. And I said, guys, if
you have an emergency. How are you going to handle
your emergency? And they said, well, we would take money
out of our retirement account. I said, okay, that's my point.
You're doing things backwards. You need to, you know, maybe
not fund your retirement for a little while, and you

(08:26):
need to build up your liquidity. So definitely a difference
between saving and investing. Investing is going to be for
long term growth. So I mean, as I'm just describing this. Saving,
it involves setting aside money in low risk accounts like
a savings account or maybe a certificate of deposit, maybe
even a high yield savings account. Okay, this is going

(08:49):
to give you easy access to your money, therefore liquidity
and minimal if not any risk at all. Now, investing,
on the other hand, this is what it entails you
purchasing assets like stocks or bonds, ETFs, whatever it may be,
with the expectation of generating a higher return over time, assuming,

(09:17):
of course, assuming that you're going to have increased risk. Okay,
So when you think of these how folks, I'm asking
you this question, how as we differentiate the two, how
does this influence your financial decision? Okay, you need to
ask yourself that I am encouraging a lot of liquidity,
and I'm also encouraging investing for long term growth. So

(09:41):
that brings me to this next question, and it is,
you know, when should you prioritize saving over investing? And
I think we just touched on that a little bit.
We're talking about saving, Okay, saving money, checking, saving this account,
et cetera. It's just ideal for short term goals or

(10:02):
emergency funds. It's the whole purpose of it to give
you quick access to money when needed. And as an expert,
what I recommend is definitely maintaining that emergency fund to cover,
you know, twelve months of expenses before you really start investing.
And a question ask yourself is you know, are you
prepared to handle any unexpected financial challenges? And see if

(10:26):
we see a lot of statistics, you know that one
that talks about how, I don't know, sixty five percent
of Americans or whatever can even handle a you know,
two thousand dollars emergency. You know what I'm talking about? Sure?
I do. Yeah, absolutely, that's like headlines, you know, I mean,
and typically these aren't the people that we're working with.
I mean, we're we're helping people that have money lots

(10:48):
of money, typically seven figure portfolios. We're helping you manage it,
distribute it, preserve or protect it with the Green Line principle.
By the way, folks, everyone now is I think more
interested than ever about a safe money strategy. People just
want to know how can they preserve or protect a
part of what they work so hard for. Visit green

(11:09):
Line principle dot com. The Green Line. I'm proud of it.
I trademarked it with the USPTO. It's a safe money
strategy where zero is your hero. You cannot lose any
money that's on this line, so to speak, and you
have a lot of upside potential. So it just needs
to be a part of everybody's playing. Zero is your hero,

(11:30):
a lot of upside potential, and you can get a
great return with the green line. So ask us about
the green Line principle. Okay, you know, folks, I want
to bring to your attention. We've got a couple of
events here. I always like to mention those and invite
those listening to the events. We've got many coming up
and I'm very excited about it. So we've got a

(11:53):
social security and income planning workshop coming up on Saturday,
July nineteenth. It's going to be at nine am and
it's at the Lexington Chamber of Commerce. Okay, you must
call in eight hundred nine four zero six nine seventy
nine reserve for this spot because we have to plan accordingly.

(12:16):
This is no cost obligation. We're going to get into
social security planning, income planning, and talk about legislation, taxation, inflation,
all the things relative to where you are and where
you're going and how you can do better. We're going
to teach you how to do better at this event
Saturday July the nineteenth, nine am at the Lexington Chamber
of Commerce. And then also we've got we've got a

(12:40):
Monday movie night that I want to bring up. We're
doing the Baby Boomer Retirement Movie. And this is no
cost for obligation. It's going to be on Monday July
twenty first at the AMC Theater in Harbison at six
thirty pm. This is going to be a really cool event.
We're the only ones in our marketplace that are that

(13:01):
are sharing this movie with folks. It's at the movie theater.
Is a great movie and this is going to be
Monday July twenty first, six thirty pm at the AMC
in Harveston. Eight hundred nine four zero six nine seventy nine. Folks,
I want to give an offer to the next ten
callers in the next ten minutes who want to do
better with where they're going and what they're going to

(13:21):
have in the future. This is for a written plan
for retirement. It's individualizing, customized, just for you, no cost
or obligation, personalized. You must come in and go through
our process to receive this at no cost for obligation.
Eight hundred nine four zero six nine seven nine. The
next ten callers in the next ten minutes will receive

(13:42):
a written plan for retirement at no cost obligation.

Speaker 4 (13:46):
Sounds fantastic, trip, Do give us a call. It's eight
hundred ninety four zero six nine seven nine giving you
the opportunity to well to review your individual circumstances and
no cost, no obligation. Find out how much risk you're taking,
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? Tax liabilities will be discussed,

(14:06):
and of course, generating a lifetime income, maximizing your Social
Security benefit eight hundred ninety four zero sixty nine seven
nine is how you get started eight hundred nine four
zero sixty nine seventy nine. We're going to take a
quick break and when we come back we'll continue our
conversation on the Road to retirement with trip Linehouse. This

(14:29):
is such a blow to invest.

Speaker 5 (14:30):
Do it right now, break your world wait promotic network.

Speaker 6 (14:35):
It takes courage to face up to things like volatle
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 sixty nine seven nine.
We've made it easy for you to take advantage of

(14:57):
this fantastic offer. All you have to do is call
our text trip to eight hundred nine four zero six
nine seventy nine.

Speaker 4 (15:09):
We are back on the road to retirement with trip
line House. My Nam Steve so Oh, we have been
discussing things that a well, the difference really between saving
and investing, and they are really that far apart when
it's all said and done, and I think there are
times for each And I know a guy who said,
I've never been a saver. I've always been an investor.
Trip So does that Does that make sense? So he

(15:30):
has only thought of I mean he's saving, yes, essentially,
but he's doing it by investing.

Speaker 3 (15:36):
Yeah, that does make sense. And there are a lot
of people out there. I think they just don't distinguish
between you know, saving or investing. And I get that,
you know, as an expert planner, you know, helping people
with this and you know, in all these areas, and
likewise with my investment advisor, Jonathan O'Reilly, we we just
like to help educate folks out there. And so from

(15:57):
from our perspective, you know, like what do we recommend?
We were talking about it in the last segment, it's,
you know, let's save. I mean I realized that if
somebody has money invested, that they can you know, withdraw
and then use that for emergencies. But if someone is investing,
why are they investing the money? They're they're doing it

(16:18):
for growth to utilize at a future point in time,
which typically is going to be retirement, right, I mean,
that's the predominant savings vehicle at tax to for retirement. Vehicle.
So we just make the point, you know, if you don't,
if you haven't saved enough in checking or savings or
high yield savings account or even a CD or something

(16:41):
like that, and you do run into an emergency, you're
backing yourself into the corner of share share with our audience.
What you and I were talking about between segments.

Speaker 4 (16:49):
Sure, well you've you've talked about how some people aren't
able to afford an emergency expense. Latest statistic I found
sixty three percent of US workers are unable to pay
a five one hundred dollars emergency expense without eternal external
assistance such as borrowing or using credit cards that comes
from Buildcommonwealth dot org.

Speaker 3 (17:10):
Wow, that was sixty three percent of America.

Speaker 4 (17:12):
Sixty three percent unable to cover five hundred bucks.

Speaker 3 (17:15):
Yeah, so, folks, I mean, you know that that's just
another statistic that just you know, solidifies our backs up.
What we're talking about is that, you know, the correct
way to do things is to save. I mean, there's
there's so there's such a parallel, if you will, between
saving and investing. But yet they're so different, you know, Oh,

(17:38):
I mean they're different. There are different things I want
to talk about how investing helps to combat inflation.

Speaker 4 (17:45):
Okay, I'll be curious to have this conversation because I
need to know.

Speaker 3 (17:49):
Well, a savings account it's going to offer stability because
it's liquid and it has a purpose. If there's an
emergency or whatever you know, or something that you may
need or want, you know, you can utilize those funds.
So savings accounts going to offer stability. Uh, But the
returns from having money, it's just not going to keep

(18:12):
pace with inflations. If you have money just in a
savings account, even a high yield savings account, you know
you're you're gonna have a tough time keeping pace with inflation.
And essentially what's gonna happen is over time you're going
to potentially erode you're purchasing power. Okay, So here's the deal.

(18:33):
When when when a person is investing in assets like stocks, bonds,
mutual funds ETFs, or utilizing services that we offer a
professional money management you know services, That's what we're one
of the many things we do here at Limehouse Financials.
We professionally manage money. And by the way, folks, we

(18:55):
only operate from a fiduciary capacity. Making recommendations in your
best interest, Okay, But when we're operating in that realm,
when we're utilizing portfolios and managing money in the market,
you know what we're doing is we're providing returns that,

(19:16):
if you will, outstrip inflation, and that's going to help
you preserve and grow your wealth. So a question for
all my listeners right now is is your current strategy
protecting your wealth against inflation? Is your current strategy protecting

(19:39):
your wealth against inflation? And unfortunately, I know that for
a lot of you, there's some of you that might
not even know they answer that question, and there's some
of you that might might already know that that's not happening.
The reason I can say that is because when we
see people here in the office, we talk about this
type of thing. I mean, my investment advisor, Jonathailey, he

(20:01):
meets with everyone that comes into the office, and you know,
he's asking these types of questions, and we're seeing more
and more people that don't have enough liquid. We've been
talking a lot about having enough liquid, and we're seeing
a lot of people that their portfolios are not keeping
up with inflation, and there's erosion that's happening there's portfolio erosion. Folks.
If you would like to avoid portfolio erosion, in other words,

(20:25):
your money not outpacing inflation, not appreciating, then call us
at eight hundred nine four zero six nine seven nine
or visit us at Limehousefinancial dot com to learn more
about how we can change that for you. Okay, we
care about you. We're having fun helping people. We're doing

(20:48):
portfolio observation reports all the time for people looking at
how their money is invested, taking a look at the cost,
seeing if we can lower the cost, taking a look
at the performance, seeing if we can improve the performance,
taking a look at the benchmark to see is your
current portfolio hitting a benchmark or exceeding a benchmark? You know,
I mean, are you taking too much risk? Not enough?

(21:10):
All those questions we're helping you with. So now there
is this thing.

Speaker 4 (21:15):
Here's a question. Let me ask you this trip. I mean,
we're talking about saving and investing, So how do you
balance the two because I think we need to do both.
Is that something that you can help us?

Speaker 3 (21:26):
A balancing act? Yeah, it is a balancing act And
the answer is yes, yes, And so you can balance
saving and investing and we can help you do that, okay.
You know, as an expert in social security and in complaining,
you know, this is what we talk about all that

(21:48):
time with folks out there just like you. Okay, we're
engaging in these conversations. As a matter of fact, people
who don't have enough liquid, they really appreciate it when
we say you need to stop putting money in retire
and you need to put more money in your checking
and savings account. Or for people who have a whole
lot in checking and savings. I'm taking of a couple

(22:08):
recently we brought on as a client two hundred grand
just sitting in a checking account, and we said, great job,
and then we said, you know, you need to keep
it there. And that might sound crazy to some people,
but for this couple that we brought on, you know,
that was about two years of what it cost them
to live. And they told us that they had a

(22:29):
very big comfort level with that, and we said, you're
not doing things wrong. Continue to do that. So I mean,
you know, again, functioning from a fiduciary capacity, only making
recommendations and a person best interest, this is what we
do is we say hey, yeah, you're doing this right,
or hey, you're not doing this right and here's why,
and people really value that. But you know, balancing between

(22:49):
saving and investing simultaneously. Absolutely, I mean a balance plan, Steve,
it's going to include both, it really is. I mean, well, yeah,
it almost.

Speaker 4 (23:00):
And the beauty of working with an independent fiduciary advisor
like you and your team, you and Jonathan, you know,
you you take the emotion out of it and you're
that voice of reason to help us get to where
we need to be when it comes to retirement.

Speaker 3 (23:15):
Well, I appreciate that. Take that as a compliment, and
it's true. I mean, that's what we're doing. We're we're
doing this from an educational, you know, perspective, helping people
to understand these things, okay, and then we're building plans
to get them to where they want to go and
keep them there. We're looking at one key factor, which
is the retirement success rate, and as long as that's

(23:37):
at a threshold that we're comfortable with, we're going to say, hey,
you're going to do fine for retirement. But if it's
less than the benchmark, we're going to say we need
to change some things, you know. So I guess going
back to the saving and investing. We're drawing a line.
I'm painting picture for our listeners. We're drawing a line
down the middle. On one side we have saving, on

(23:57):
one side we have investing. And I want everybody out
there to know by allocating funds appropriately, you can ensure liquidity,
which is the savings component, the saving component, okay, while
also pursuing growth opportunities. So you know, a question ask
yourself and to ask us is how can you structure

(24:20):
your finances to achieve this balance? And I just want
to let you know that you can do that. And
there's different factors that should influence your decision to save
or to invest. There's different factors. So here's some key
considerations for folks out there to include as you're formulating

(24:43):
your goals and working with us to do that. You know,
risk tolerance and time horizon. Okay, risk tolerance and time
arising to two big things. So you know short term objectives
that's going to make you want to save. Okay. A
short term objective is going to make a new vehicle.

(25:04):
You want to buy a new vehicle in two years, Well,
then you need to maybe invest less and save more, okay.
A long term aspiration such as I'm going to exit
on this road retirement journey that could involve investing, It
should involve investing. Okay, So there's different factors that are

(25:26):
going to guide your financial strategy. Folks. A question to
ask yourself is have you evaluated or better yet, have
you had an expert like myself or my investment advisor,
Jonathan O'Reilly evaluate your financial objectives and your risk appetite.
I mean, don't navigate the complexities of saving and investing
on your own. Okay. Our services here at Limehouse Financial

(25:50):
are here to help you develop a personalized strategy that
aligns with where you want to go and what you
want to do. And how can you take advantage of that. Well,
if you're one of the next ten calls in the
next ten minutes, we're going to give you a no
cost or obligation written plan for retirement built by our
TEMO certified financial professionals. This is individual as a customized

(26:12):
This is no cost for obligation to you. Now you
can't call and just say I want to I want that,
mail it to me, email it to me. We're not
going to do that. You must come in see us,
sit down with this, go through our process to receive
this written plan for retirement at no cost for obligation.
Next ten callers in the next ten minutes will receive it.

Speaker 4 (26:30):
Sounds fantastic, Trip, That's why we're giving you the opportunity
to review your individual circumstances, no cost, no obligation, and
really the goal at the show here is to help
you make the best decisions for you. So if you've
got questions about what we're talking about, maybe how it
applies in your own situation. Just what we've been talking
about saving versus is investing, Well, that's what Trip is

(26:52):
here for and he will help walk you through that process.
Eight hundred nine 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 Limehouse.
Right after the.

Speaker 7 (27:10):
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 bounce back. Call Trip
Limehouse and his team at Limehouse Financial today at eight
hundred nine four zero sixty nine seventy nine or text

(27:33):
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 4 (27:53):
Welcome back, everybody. This is the road to retirement with
Trip Limehouse. Got a nice drive going on today getting
to where we're going. We've the first couple of segments
talking about investing versus saving and how the two, Yes
they're related, How they are two separate things that can
work together. Right, that's a fair fair thing to say, right, Trip.

Speaker 3 (28:11):
Yeah, they do work together, and they both are important
and people need to understand the difference. And I'm glad
that we could take time to distinguish between the two
and help our listeners, you know, understand what they can
do better. And that brings me a lot of joy
just as a person to you know, educate people. I
think on our last episode we were talking about financial literacy,

(28:32):
and yes we were, and so this just kind of
runs in line with that. I mean, we are educating people.
As matter of fact. One of the ways we're educating
people is with events. And while I'm thinking about it,
I'm going to bring it up, folks. We've got an
educational event coming up and I'd like to invite you
to it. It's a social security and income planning workshop Saturday,
July the nineteenth, nine am at the Lexington Chamber of Commerce.

(28:56):
We're serving breakfast, no cost or obligation, serving a lot
of valuable information as well. If you'd like to attend this,
we would like for you to be there, but you
must call eight hundred nine four zero six nine seven
nine and let us know you want to come, so
we'll make sure we plan accordingly and we have the
you know, a right amount of food for everybody. Steve,

(29:17):
what are you can order?

Speaker 4 (29:19):
I'm just gonna go simple. I'm just gonna go bag
a little cream.

Speaker 3 (29:21):
Cheese okay, nice and coffee okay, a couple of coffee
all right? I think last time at your waffles or
something like that.

Speaker 4 (29:29):
Oh yeah, well you know I went with the expendedict
at one point.

Speaker 3 (29:31):
Oh yeah, okay, you're always cracking me up. But we're
gonna have fun. We love these Saturday morning get together.
It's real laid back. People are relaxed. Saturday morning, nine am,
July nineteenth, the Lexington Chamber of Commerce, A Social Security
and income planning workshop no cost for obligation eight hundred
and nine four zero six nine seventy nine. One more

(29:52):
thing to tell you about. On Monday, July twenty first,
we're gonna have a Monday movie night. Super excited about this.
It's at six thirty pm on Monday the twenty first.
It's going to be at the AMC Theater in Harbison.
And the movie is The Baby Boomer Dilemma. It's a

(30:13):
great movie, folks.

Speaker 4 (30:15):
I've seen it as well.

Speaker 3 (30:16):
Trip.

Speaker 4 (30:16):
It's a good, good movie. It's a great messing messaging there.

Speaker 3 (30:19):
So how would you summarize it for our audience?

Speaker 4 (30:22):
I would say it just paints a picture of retirement
in America today and gives you some opportunities or gives
you some knowledge about how you can can tackle that
and maintain that. So I mean, get we get to
meet We get to meet the guy who created or
who stumbled upon the language in the tax code of
the guy who basically invented the four to one K.

Speaker 3 (30:43):
We hear from him in the movie Yeah, in the
movie the inventor of the four to one K.

Speaker 4 (30:48):
Yeah, And inventing is the wrong word he's he found
the language. The language was there, he just found it
and exploited it.

Speaker 3 (30:55):
I'll stick with inventing. Yeah, he was. He was. He
stumbled across the four hundreds in the internal revenue.

Speaker 4 (31:03):
Code, yeah, and just determined that.

Speaker 8 (31:05):
Right.

Speaker 4 (31:05):
But I mean what he says in the movie, and
I'm not taking anything away. I mean what he says
is the four to one K as the sole retirement
tool for individuals was not the plan. Was not the idea.
The idea was to have the four oh one K
supplement the pension m H. And as soon as the
four oh one K came about, the people who run

(31:26):
the pensions go, wait a minute, we don't need this anymore.

Speaker 3 (31:29):
That's when their own That's when the retirement responsibility shifted
to the individual. And yes, I think employers were like, hey,
this is a way for us to get out of
paying for retirement for our employees because less and less companies,
less and less companies now are offering pensions. But thank
you for sharing a little bit about the movie, you know,

(31:51):
with with our audience. But we're super super excited to
show this to folks at the AMC Theater Monday, July
twenty first, sixth. This is no cost. You do need
to let us know that you're going to be in attendance.
We were expecting a full crowd that night. We've got
room for one hundred people. Okay, we were into the
big theater, and we're gonna have a lot of fun. Okay,

(32:13):
maybe even a little popcorn and drinks to go along
with it. Okay. So if you want to attend that,
give us a call eight hundred nine four zero six
nine seven nine, or visit limehouse Financial dot com under
the events tab to learn more. Folks, we appreciate you
so much tuning in today. So phased retirement, we wanted

(32:34):
to get into that in this segment. So I think
a lot of Americans are wrestling with questions about how
long they're gonna live, what's their purpose? And then you know,
how are they going to be financially stable? And phased
retirement is increasingly a part of the conversation. So let's

(32:54):
just dig in. Let's talk about what it is.

Speaker 4 (32:57):
Yeah, well, I mean I think it sounds. It sounds
I mean to me, it's the ideal way to begin
to retire. That's my plan. I'm going to phase out.

Speaker 3 (33:04):
Phase out. Yeah, Okay, yeah, I mean it can make
a lot of sense. I guess what it does. What
phase retirement does is it allows older employees to gradually
reduce their working hours instead of just making an abrupt
exit from the workforce. So, according to a twenty twenty
four Society of Human Resources Management report, nearly a quarter

(33:29):
of employers now offer some form of phase retirement, and
this is up from about sixteen percent five years ago. Now,
this arrangement often includes a partial draw down, if you will,
maybe of retirement funds, allowing employees to adjust emotionally and

(33:49):
financially to full retirement. And a question I have is,
you know, is this growing popularity of phased retirement a
signal that more companies recognize the complex needs of aging workers.

Speaker 4 (34:07):
I think that yes, I would say that answer is yes.
And I think employers are embracing this because there is
something to be said for, you know, somebody with thirty
years of experience willing to share that before they step out,
you know, to enjoy life.

Speaker 3 (34:21):
Oh yeah, yeah, I agree. And also I think that
the burdens are shifting. I mean, we're seeing a lot
of people now that are just telling us they're having
to do the job of two or three people, and
that's putting pressure on them. And then there's advancements in
technologies and sometimes they're hard, hard to tackle, and sometimes

(34:43):
people just don't even want to you know, they've been
doing their job and doing it well for years and
years and years, and then you have that added in.
So I don't know, I think that it can be
a big thing, and there's a benefit of if you will,
practicing retirement, I think, I don't know, kind of like
a parallel with like an athlete.

Speaker 4 (35:02):
What do you think, Yeah, I think that's a fair comparison.

Speaker 3 (35:05):
I mean, athletes rehearsed before a big game, don't Yeah,
you have to, like they just practice and practice the
price and then they played the game so they can
win the game. Right, So yes, kind of the parallel
is a phased retirement gives uh, gives people a chance
to ease into this major life transition. And there's many
studies out there that show that retirees, you know, they

(35:27):
face not only financial you know, I don't know, I
want to say hurdles or just you know, getting used
to you know, no paycheck, but they face identity challenges
when when work just suddenly stops. I mean, so I
having a trial run, if you will, and think it
enables individuals to adapt to new routines, maybe find some

(35:51):
new hobbies, and then deal with the financial realities gradually.
So a question for our listeners is do you think
you could practice retirement and reduce the risk of financial
and emotional missteps later? Do you think you could do that?

Speaker 8 (36:09):
Well?

Speaker 4 (36:09):
I mean, I think that that's something that we should
seriously consider, because, I mean, wow, better than just say, okay,
look at this, this is what I'm going to have
to deal with once work stops. And if you live
done that budget for a month, two months, five months,
whatever it might be, I think it's going to help you.

Speaker 3 (36:25):
I think it's going to ease the pressure on retirement
savings too.

Speaker 7 (36:28):
You know.

Speaker 4 (36:29):
Oh that's a great point.

Speaker 3 (36:30):
Yeah. I mean, if somebody is phasing into retirement by
continuing to work part time, they're probably going to be
able to delay drawing down their retirement savings. So here's
an interesting statistic. According to Fidelity's twenty twenty four retirement
Savings Assessment, the average retirement shortfall is still nearly one

(36:56):
hundred and ninety thousand dollars for many Americans, so that's
pretty significant. So a phased retirement, it can help stretch
savings by allowing you know, a person to generate income
while differing, you know, taking larger amounts of money out
of the out of their long term savings, their investments. So,

(37:16):
you know, folks, could this strategy, you know, be a
safety valve for you maybe if you're worried about outliving
your money. And by the way, for those of you
that have that concern, which really should be everybody outliving
your money, I want to share with you about a
strategy involving the green line principle. This is a safe
money strategy. Whereas zero is your hero. You cannot lose

(37:36):
any of your money. You've got a lot of upside potential.
But not only that, you can create what we call
the personal pension plan, and that's a plan that guarantees
you will always have income as long as you're alive,
or if you're married, as long as your spouse is alive.
So you know, this is a fantastic way to remove
longevity risk off the table. Make sure you ask us

(37:58):
about the green line principle. Pull a safe money strategy
so the market doesn't determine the direction you take in retirement,
and also ask us about the personal pension plan. So
if phase retirement, folks, it does work, it can work.
You know, there's a there's a lot of more things
to consider. You know, you want to be healthy emotionally
and mentally. You also have to plan very carefully for

(38:21):
Social Security because there's an earnings test. So if you're
going to work part time and phase out, there's only
a certain amount of money that you can earn twenty
two three and twenty dollars in twenty twenty five if
you're if you're younger than full retirement aid. So that's
why we map out social security for you. And I
would just say, you know, if you're wondering about this

(38:43):
and you're in doubt, even all the more reason to
come in and sit down with us. Here's your opportunity, folks.
The next ten callers in the next ten minutes will
receive a no cost, no obligation written plan for retirement,
built by our team certified financial professionals, at no cost
or obligation. Now, this plan is individualized and customized just
for you. You can't just call and say send us

(39:05):
to me, email this to me because We're not going
to do that. Got to come in, go through our process,
sit down with us, and we're going to provide this
to you, no cost, no obligation, written plan for retirement,
built by our team of certified financial professionals. It's yours
if you're one of the next ten callers.

Speaker 4 (39:22):
Sounds fantastic, Trip do call us eight hundred ninety four
zero six nine seven nine ten callers right now, and
it does show you advice like this, it shows you
how important it is to meet with a financial coach
like Trip and his team, somebody who truly understands the
ins and outs of the financial world. We invite you
to take advantage of this opportunity to make sure that
you are on the right path. That path is based

(39:43):
on things like your risk preferences, your budget, and of course,
your goals. Eight hundred ninety four zero six nine seven
nine call us now eight hundred ninety four zero sixty
nine seventy nine. We are going to take a quick
break and when we come back, we'll continue the conversation
on the road to retirement with f Limehouse.

Speaker 5 (40:05):
Mutual funds used to be a beautiful concept any investor
could invest in 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

(40:25):
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 sixty nine seven nine.

Speaker 4 (40:51):
We're back on the road to retirement with Trip Limehouse.
Our final segment, our final stretch of road to get
us into retirement, and it's going to be a good one.
I've got a lot to talk about here, Trip, and
I want you to remind everyone one more time of
the seminar you got coming up in a couple of
weeks for a week or so.

Speaker 3 (41:07):
Thank you Steve for doing that, folks. I would like
to invite you to a live event we're hosting on Saturday,
June the fourteenth at nine am at the Lexington County
Chamber of Commerce. This is a breakfast event. We're going
to serve you breakfast, no cost or obligation, and We're
going to serve you a lot of information as well.
This is a social security and income planning workshop. We

(41:27):
would love to have you there. Come on out and
see us Saturday, June the fourteenth, nine am at the
Lexington County Chamber of Commerce for a Social Security and
income planning workshop where we serve you a breakfast. You
must call in eight hundred nine four zero six nine
seventy nine to get on the roster. We're going to

(41:47):
make sure we're adequately prepared and you can visit Limehousefinancial
dot com under the events tab and register that way.
But thank you Steve for bringing that up. I really
appreciate it, so does our list audience. And speaking of
our listening audience, I want to let you guys out
there know I really appreciate you. Thanks for tuning in
to the Road to Retirement Show. We have a lot
of fun. We're helping people and we are experts in

(42:11):
what we do, helping you to get there and stay there.
We're talking about all things retirement. And also I can't
forsake giving a quick shout out to all of our clients.
You guys are awesome. Without you, this wouldn't be possible.
Thank you so much for your business and we're really
happy to be continuing to help you be independent and
in control on this road to retirement journey. So, you know, Steve,

(42:35):
with over two decades of helping people do this, I mean,
it's just, you know, it's like it feels good. It's
satisfying in a way. You know, I feel like it's
kind of part of my legacy is you know, like
getting people to where they want to go. And all
the time they thank us, they say this is great,
and they feel better once they come in and sit

(42:55):
down with us, and once they implement a plan, they
feel better, they do better, they're in control, and they're
enjoying retirement. What more could you ask for regarding this
part of your life? You know?

Speaker 4 (43:07):
So who knows?

Speaker 3 (43:09):
Yeah, how about some questions. Let's get right into it.

Speaker 4 (43:12):
Jump in. We've got Tina first in Blythwood. She's wondering.
She says she's been maxing out her four oh one
K for years now, but now that her retirement is close,
she's unsure of how to start drawing money from it
without bumping into a higher tax bracket. What's a smart
way to pace those withdrawals?

Speaker 3 (43:33):
Great question and thank you for being a listener and
calling in. So what I'm recognizing right away is that
you are like most people out there, and you do
not have an income and a distribution plan. This is
an integral part of you and your retirement. And what
I'm talking about now is a plan that demonstrates to

(43:56):
you when to take money, where to take it from,
how much to take, and how long it's going to last.
And quite frankly, you just folks, you just cannot move
into retirement without what I'm talking about right now, an
income and a distribution plan. So for you, ma'am, we've

(44:17):
got to just build that. And as far as you know,
bumping into a higher tax bracket, you know, maybe there's
some ways that we can do that. But again, you know,
if you are going into it in another tax bracket
because of withdrawals from a retirement account, it's not necessarily
a bad thing. It means that you're able to, you know,

(44:37):
maintain your lifestyle, that you're able to do things that
you want to do. So but a smart way to
pace those withdrawals is just to very carefully map them
out and have the income and the distribution plan that
I'm mentioning right now where we talk about where to
take money from, how much it take, show you how
long it's going to last. So come on in, let's

(44:58):
get together. Let's build you the four letter where the
LA in and we'll clarify this for you to make
sure you're doing things the smart way sounds good.

Speaker 4 (45:05):
Trip eight hundred and nine four zero six nine seven nine.
Do give us a call. We'd love to hear from you.
Here's another one from Jackson and Shaw. Jackson and Sharon.
They're in Gilbert and there are a couple sixty four
years old. They're thinking about retiring early. But Cobra coverage
lasts only eighteen months. Medicare is not there yet. What's

(45:26):
a good way to bridge that health insurance gap without
burning through savings.

Speaker 3 (45:31):
Hey, guys, a great question. You know that that's kind
of a big thing retiring early before Medicare. Obviously Medicare
you're eligible for it, and one more year at sixty five,
and it's kind of a nice thing that you were
able to have Cobra. So that lets me know that
it hasn't been that long ago that you retired and
that your employer is, you know, still offering you a

(45:53):
way to have health coverage through them, and definitely COBRA
is very expensive, you know, a good way to bridge
that health insurance gap without burning through your savings, you know,
I don't really know if there's a I'm kind of
concerned that if you're saying burning through your savings, you
know that you might not have a lot and that

(46:14):
and of itself, you know, is it could be problematic,
you know, strategic wise. I mean, since you're not working
any taxiferred money that you do have, we since you
don't have earned income, it could be a great time
to take money out of a tax defer retirement account
because you're in a less less of a tax bracket

(46:34):
and then use that to pay the COBRA premiums. But
you know, maybe you're fortunate to have an HSA and
you know you could utilize that. Also, there's this thing
called short term major medical and a lot of times
in my twenty plus years of helping people, we've used
a short term major medical policy instead of COBRA, you know.

(46:54):
And then there is also this thing called the Affordable
Care Act. I'm a care that you may qualify for.
We've got to have some earned income so you can
get the Advanced Premium Tax Credit, you know, so maybe
that could be an option versus COBRA. You know, cover
seems to be the easiest way for people to to

(47:16):
just maintain health coverage under age sixty five. But you know,
you have a special enrollment period that you could pick up,
you know, something on the healthcare exchange with no health care,
no health questions asked, no pre existing condition limitations, you know,
and and potentially get that Advanced Premium Tax Credit, which

(47:38):
is a subsidies to lower your out of pocket costs.
So you know, maybe we should just weigh through all that.
But I think this is a real common question. And
also sometimes I see that people don't retire prior to
sixty five because they wonder what can they do about
their healthcare? So you guys kind of fall in that category,
but you're just kind of going the more expensive route.
Let's just get together, Let's analyze, you know, what you're doing,

(48:00):
see if we can improve upon it, and let's certainly
try to avoid burning through the retirement savings you don't
want to help you as best possible. So again, you know,
I just would offer you to come on in and
let's sit down and work through all that. Remember at
Limehouse Financial, we're holistic planners. We're helping you with all
aspects relating to the plan and that includes, you know,
things like your health insurance.

Speaker 4 (48:21):
Sure, all right, Jackson, Sharon, give us a call. We'd
love to hear from you. Eight hundred ninety four zero
sixty nine seventy nine. Geneva's in Colombia and she's considering
rolling part of her four oh one K into an
annuity to guarantee income. But she's heard mixed opinions about
whether annuities are worth it. She's worried about locking up

(48:41):
too much of her savings and losing flexibility if their
needs or the market changes. How should someone weigh the
pros and cons of using an annuity as part of
their retirement income plan.

Speaker 3 (48:54):
Great question, Geneva, and thank you for listening and calling in.
You know, so, I think that at the end of
the day, this comes down to you having the four
letter word, the P L A N A written plan
for retirement. And you know, when we build those for folks,
we're taking into account where they are now, where they

(49:15):
want to go, how they can get there, and how
they can stay there. And we're balancing very carefully money
at risk versus a safe money strategy. So a safe
money strategy would be something like the annuity, and it
does have so much weight behind it. Guaranteed income is
so critical, you know, income that you can never outlive.
This is imperative for you to have, and we can

(49:38):
help you with that. But there is a fine line
of how much to have there and then how much
to have a risk. Your liquidity needs may change over time,
so it's important for you to make sure you guys
are bolstering how much you have in checking and savings.
You know, we recommend at least twelve months of what
it costs to live just sitting and checking in savings.
That way, you have a really good amount of liquidity

(50:01):
and as far as flexibility when the market change is
that you know, that's why you want money at risk
professionally managed by us, because we're going to make sure
that as the market changes, you know, you're going to
be doing good with it, and when it goes down,
we're going to be watching it and adjusting the portfolio
if needed. So I think it's a combination strategy for
both of you to be successful on this journey. And

(50:24):
again I just go back to what I do so
much on the show, I talk about the importance of
just having a written plan for retirement, you know, built
by a team of experts that know what they're doing,
such as us. They can help you, you know, accomplish
your goals. I mean, you guys have worked very hard
and you want to make sure you do things right.
So overall, I'd say that rolling part of your four

(50:46):
to one k into an annuity to generate guaranteed income
is a fantastic idea. Let's make sure we choose the
right one for you. Though there's a lot of them
out there now at Linehouse Financial, we're functioning from a
few do sare capacity only making recommendations in your best interest,
so you can count on us to go out there,
find out which one is going to work best for

(51:09):
you and your husband, and then recommend that to you.
So thank you for the opportunity to help you. Come
on in, let's do just that, folks. I'm so thankful
that you spent time with us again today on the
Road Retirement Show. We got another great episode coming up
next week. I invite you to tune in for more
of The Road Retirement Show with Limehouse financial Also check
us out on TV. We air three times over the
weekend here in the Columbia marketplace. We're on ABC, NBC, NCBs.

(51:33):
We air Saturday morning at six thirty am on Channel ten.
We air Saturday Morning Susday, Saturday afternoon at twelve o'clock
on Channel twenty five, and then we air a Sunday
morning at eleven thirty on Channel on nineteen. So you know,
tune in for the Road Retirement TV show and we'll

(51:55):
just look forward to spend more time with you. Hey,
last off for the day. It's for the next ten
callers in the next ten minut is for a written
plan for retirement, no cost or obligation to you. You
must come in to receive this. It's individualized customers. We
will not just send this out in the mail to you.
Eight hundred nine four zero six nine seventy nine next

(52:16):
ten callers in the next ten minutes will receive a
written plan for retirement at no cost or obligation. Hey,
it's been a lot of fun. We've been cruising down
the road. We're gonna do the same thing next week.
But until then, God bless you.

Speaker 8 (52:36):
If you remember these TV shows, you are getting ready
to retire.

Speaker 3 (52:40):
And everybody see a big pair of feet or cheesy mustache,
I'll think of you.

Speaker 8 (52:45):
You guts well, I hate I'm one guy who ain't
prejudiced against anybody who may be lesship pity than me.
It kind of sneaks up on you, doesn't it.

Speaker 3 (52:57):
Oh geez.

Speaker 8 (52:58):
You deserve a secure or independent retirement, our retirement that
is prepared to handle pitfalls like inflation, health emergencies, stock
market volatility, and taxation. You've worked hard for your money
and will work just as hard to protect it and
grow it. Retirement planning doesn't have to be difficult. Get

(53:23):
the facts based approach that you deserve all at no cost,
with no obligation. Call the Road to Retirements trip Limehouse
eight hundred nine fours zero sixty nine seventy nine or
text trip to eight hundred nine four zero six nine
seventy nine.

Speaker 2 (53:41):
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 any action.