Road to Retirement 07-26-2025

Episode Transcript

Speaker 1 (00:00):
In life, there are defining moments.

Speaker 2 (00:02):
You may kiss the bride, you got a job, buddy.

Speaker 1 (00:05):
Retirement is one of those stand out, exhilarating times.

Speaker 3 (00:09):
Hard pay em seize.

Speaker 1 (00:12):
The day, meet at no cost with our local independent
team who are here to help coach you along this journey.

Speaker 4 (00:19):
Called Trip Limehouse with Limehouse Financial eight hundred nine four
zero six nine seven nine.

Speaker 1 (00:25):
That's eight hundred nine four zero six nine seven nine.

Speaker 3 (00:29):
The information provided is for illustrative purposes only and does
not constitute investment, tax or legal advice. Information has been
obtained from sources that are deemed to be reliable, but
their accuracy and completeness cannot be guaranteed. Either Trip Limehouse
nor his guests are reliable for the usage of information discussed.
Always consultable the qualified investment, legal or tax professional before
taking any action.

Speaker 2 (00:49):
What if the key to better financial decisions isn't just
about numbers but mindset. Discover how a simple shift and
perspecse ive can reduce stress, increase savings, and put you
back in control. Coming up next, do you.

Speaker 3 (01:08):
Want to avoid taking a wrong turn on your retirement road.

Speaker 2 (01:12):
The road to retirement is a long one, and if
you just don't want to make well.

Speaker 3 (01:17):
Buckle up, we're getting ready to take a retirement road
trip together. It's the road to retirement with Trip Limehouse.

Speaker 2 (01:25):
It's the perfect diamount to map it out. That road
to retirement is key, is key.

Speaker 3 (01:30):
To get on the road to financial security and independence.
Just like many of Trip's happy clients in retirement.

Speaker 2 (01:37):
Partners, my money is safe using the green line principle
that you taught me about. Thank you so much.

Speaker 3 (01:43):
Let's get this trip started. It's the road to retirement
with Trip Limehouse.

Speaker 4 (01:51):
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. Always a pleasure trip.

Speaker 2 (02:06):
How are you doing good, Steve? I appreciate it. And uh,
how about you. You've been out walking the dog, having
fun and enjoying this warming weather.

Speaker 4 (02:16):
Oh yeah, getting out early so that you know, we
don't want to burn the puppy's feet.

Speaker 2 (02:20):
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 got to get him out there.
It's good for us too.

Speaker 4 (02:37):
Well, yeah, my dog's lazy.

Speaker 2 (02:39):
Well I can relate to that. I can relate to
that at a time.

Speaker 4 (02:43):
So she'll barely walk a mile.

Speaker 2 (02:47):
Oh that's mindset. That's mindset.

Speaker 4 (02:49):
And we were just what we're talking about here, isn't it?

Speaker 2 (02:51):
Talking about that opening up the show? And you know,
I think that people get fixed fixated on 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

(03:12):
here on 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 Limehousefinancial dot com The Road Retirement Show. We're
having fun helping people. So we're going to just dive
into the findings of the If you will Mind over
Money study and this was done by Capital One and

(03:35):
the 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. I like that? Yeah,
I mean nobody likes that. But also we're going to

(03:57):
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 think and
feel about things, and you know, helping them get to

(04:20):
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 and more.
Let's talk about financial stress here for a moment. That

(04:40):
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 financial stress?

Speaker 4 (04:50):
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 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
the independent fiduciary advisor and you know, put the plan

(05:13):
together so you can alleviate that stress.

Speaker 2 (05:16):
That's right, and we offer that to all people listening.
Eight hundred nine four zero six nine seventy nine Limehousefinancial
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 stock

(05:40):
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, says Resonate,

(06:02):
and 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

(06:24):
uh and typically it's related to the title of this
article that I mentioned from Newsweek, America's fear 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. Uh here I am and what if?
Like it's the what if scenario, you know. And as

(06:47):
you just mentioned, 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 4 (06:56):
So let me let me stop you their trip finances
can controlling their lives. What does that mean to you?
And doesn't sound good to me?

Speaker 2 (07:04):
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
around the show, there's two things that happen. There's a

(07:24):
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. And usually when the when the
person stops working, the money has to begin to work.
And and I think that is really inducing more and
more fear for people, uh in the age group that

(07:46):
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 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

(08:06):
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? I mean, gosh, there's
so many pieces and parts you know, to this whole
thing called retirement that are often overlooked or not accounted for.

(08:29):
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 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.

(08:50):
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. Just think so too, They're just kind
of going to always be stressed.

Speaker 4 (09:03):
I used to work for a guy he would say,
when you talk about having stress, he goes, well, think
about this. The absence of stress is death.

Speaker 2 (09:11):
Yeah really really, But I think I think stress reduction
is a positive thing, and it's achieving. 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 things that

(09:32):
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,
uh that we talk about here on the show so often, folks,
that you know, one a way that you can truly

(09:55):
alleviate you know, financial stress h 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 included as a whole. You know, you need
to have money at risk, you need to be in

(10:16):
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
call it the Swan plan sleep well at night. It's

(10:37):
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 green Line
Principle dot com or visit limehouse Financial dot com eight

(11:00):
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 you tuning in week in and week out.

(11:22):
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,
we love you guys, You're awesome. Without you, we wouldn't

(11:42):
be able to do this. But back to the financial
stress as we're winding down, and we're 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.

(12:04):
According 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

(12:26):
you know, 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, individualized and customized just for you,

(12:48):
built 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. Call in now.

Speaker 4 (13:04):
Sounds fantastic, folks. There's no cost, there's no obligation. 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 sixty nine seven nine.

(13:25):
That's eight hundred ninety four zero sixty nine seventy nine.
Quick break for us. We're coming right back with lots
more on the road to retirement with Trip Limehouse.

Speaker 2 (13:33):
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 in control. We're going to continue on
with that when we come right back.

Speaker 3 (13:56):
There are many analogies and metaphors you could use to
just right today's current economic climate, economic climate and retiring
in it.

Speaker 2 (14:04):
You could use the hurricane.

Speaker 3 (14:06):
We watch it coming, we know it's coming, but are
we acting. We could go to the three little pigs
and the big bad wolf of the economy is on
the loose. I'll huff, I'll puff, and I'll blow your
hell's down. Here are the questions, do we have sandbag
strategies in place? Do we have a retirement house made
of bricks instead of straw or twigs and sticks? Is

(14:29):
your retirement plan designed to be strong and fortified even
in the worst case scenarios? Are strategies in place to
build in growth, protection and income and help alleviate that
fear of running out of money in retirement. If your
answers are no, then you need a good retirement specialist
on your side. Call Trip Limehouse of Limehouse Financial eight

(14:49):
hundred nine four oh sixty nine seventy nine, eight hundred nine,
four oh sixty nine seventy nine.

Speaker 4 (15:01):
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 will 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

(15:22):
there's a lot of great information. You've got resources on
the website. Trip lots of good stuff there.

Speaker 2 (15:27):
I appreciate that. Yeah, 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 limehousefinancial
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 likes to

(15:48):
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 what we

(16:09):
want to do, help you be more in control, more
independent during retirement. And one of the ways that 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,

(16:32):
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 decisions that they
make their financial behavior. You know, now we're going to
talk about embracing a big picture thinking, and I think
for folks out there, this is a this is a

(16:52):
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, Jonathan and

(17:15):
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 built them a plan already.
But you know, they just didn't think they had enough

(17:36):
and they didn't think they're going to be able to retire.
So it was causing financial stress, and it was causing
the way that they behaved 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 do the big

(17:58):
picture thinking. I mean, 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 to you guys listening

(18:19):
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 for zero six nine seven nine and ask
us about the written plan for retirement. You know, Steve,

(18:42):
When we built 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?

Speaker 4 (18:54):
Why is that?

Speaker 2 (18:54):
Because when we hand someone sitting across from us their individualized,
customized written plan for retirement that has taken 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.

(19:16):
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
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

(19:38):
they are just that emphatic and they say, this is
life changing, this has been life changing, and we see
them go from you know, being under financial stress and
making bad decisions with their money, you know, or whatever,
to moving out of that, to tasting success and to

(20:00):
knowing that they can retire. I mean, it is just
it's freaking awesome.

Speaker 4 (20:05):
We love it absolutely.

Speaker 2 (20:07):
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

(20:27):
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 for you.
And you know, in general, people are like, okay, this
is I like this, I'm comfortable with this, I understand this,

(20:50):
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,

(21:14):
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

(21:36):
that kind of goes hand in hand with what we've
been talking about. Steve.

Speaker 4 (21:39):
I like it, you know, keep your goals visible. That
makes sense.

Speaker 2 (21:43):
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 narrowing down two things. What is your retirement
income goal? In other words, what do you need? Okay,

(22:05):
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, gash, 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.

(22:25):
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 kind
of thing. And and so we're making those goals tangible
within the written plan for retirement by setting them and uh.

(22:51):
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, UH 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
look like. And by the way, Steve, you know, I

(23:13):
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 on your portfolio, on your plan, on your insurance
products that you own, all that stuff. If you'd like
a second opinion on any or all of that, give

(23:36):
me a call right now at eight hundred nine four
zero six nine seven 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, if you will look you know, I don't know.
When people make purchases, you know, they have to consider

(23:58):
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, 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

(24:19):
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 want to do, and that
they're going to succeed by following a plan. And I'm
going back to it again. We're circling back to helping

(24:42):
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 (24:53):
Oh? Yeah, I know, that one.

Speaker 2 (24:54):
They just are like, Okay, here, I am well not
moving right, I see that, you see me. I'm not moving.
Please don't come any closer. You know, that's kind of
dear deadlight. 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

(25:15):
see that totally dissipate. We see them settle in to
this comfort level. We see the financial stress just kind
of like be instantly reduced because now it's been been
demonstrated to them that they can do this and they
can succeed. So we're using gold directed planning, if you will. Folks,

(25:36):
all of the things I'm talking about right now can
be yours. Okay, but you must be one of 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
cost or obligation written plan for retirement built by our
team of certified financial professionals at no cost or obligation.

(25:59):
Now this is vigilize and customize. You cannot just call
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 4 (26:16):
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 nine

(26:37):
seven nine. Quick break more on the road to retirement
with Trip Limehouse right after this.

Speaker 2 (26:41):
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 mind.

Speaker 5 (27:07):
So, mister Johnson, I understand you have questions about the
report we provided you.

Speaker 3 (27:11):
Well, I do lots. Actually I don't understand.

Speaker 5 (27:15):
I love that it's leather.

Speaker 3 (27:16):
Bound, really after information about me? I'm concerned that I'm not.

Speaker 5 (27:21):
You think that the gold tassels were a nice touch?

Speaker 3 (27:25):
How about the calligraphy, Well, doesn't really say anything about
my retirement specifically, I.

Speaker 5 (27:29):
Mean, how about the custom illustrations. Look, here's you a
first looking all sad, and here's you after meeting with us, happy, happy.

Speaker 3 (27:39):
Happy, Well I wish I was. I don't need all
this Roman numerals. I mean, what is MXXV.

Speaker 5 (27:46):
Mister Johnson, that's page oneenty twenty five.

Speaker 6 (27:52):
Do you want to retirement report that just looks nice?
Or do you want to st an axial plan built
specifically for you. Trip Limehouse and the team at Limehouse
Financial focus on Strategy's challenging your best interest. Strategy is
designed great their tirement you've always envisioned. Schedule your consultation
now by calling eight hundred nine four oh sixty nine

(28:13):
seventy nine, eight hundred nine four oh six nine seven nine.

Speaker 4 (28:23):
Welcome back. The road to retirement is 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 long side 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 show.

Speaker 2 (28:41):
Oh yeah, yeah, we're having a lot of phone on TV.
He's the he's the really good looking younger guy there
as he's often as he's often described by people, they
come and oh, you're the young you're the good look
younger guy. Yeah. Also people can can meet him. You know,
we're doing these live events, folks. I encourage you to

(29:02):
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.
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 there.

Speaker 4 (29:22):
That's all I have to do.

Speaker 2 (29:24):
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 mindset 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 savings

(29:46):
means that they're prepared for retirement. But but once you retire,
you know, the 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 breaking
down some crucial areas that can help help people turn

(30:11):
their savings into a true plan. The four letter word,
the P, L A N.

Speaker 6 (30:18):
That's all right.

Speaker 2 (30:19):
What do you want to start with? We want to
talk about this before we got going. What do you
think we should start with?

Speaker 4 (30:24):
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 once.

Speaker 2 (30:40):
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 be
a little outdated. I mean, I call it the old

(31:02):
four percent rule. That's kind of how I refer to it,
you know, right, and again, what did 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

(31:23):
it's lost favor, uh 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,

(31:45):
what are we doing?

Speaker 3 (31:46):
Well?

Speaker 2 (31:47):
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 the green lined principle as a

(32:08):
second dimension, again a safe money strategy where 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 into outpaced inflation. So what are
we doing well, We're making sure that there are income

(32:29):
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 guaranteed didn't coome with long term

(32:50):
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 landscape is different, you know. When

(33:13):
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, folks, I guess the bottom

(33:34):
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 of 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

(33:55):
six nine seven nine, Limehouse Financial dot 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, I just

(34:18):
have it. So you know the better way. Pick up
the phone right now, paul Us eight hundred nine four
zero six seventy nine. Eight hundred nine four zero six
nine seven nine. Let's talk about tax mitigation. How about that?

Speaker 4 (34:34):
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 Oftentimes.

Speaker 2 (34:43):
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 next
part of your life called retirement, the government is still

(35:07):
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 portfolios
that are tax deferred. They're coming to us for help

(35:30):
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
of paying taxes during retirement I think is better than

(35:51):
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 example, this year twenty twenty five, up to eighty

(36:12):
five percent of your Social Security benefits could be taxable'
that's pretty startling, Steve. Eighty five percent 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, it just doesn't make a lot of sense
to me, and probably not to you guys out there either.
Now the next tier down is fifty percent of your

(36:33):
Social Security 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

(36:55):
diversified tax buckets, if you 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'

(37:18):
nine seven Nine limehousefinancial Dot. 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 (37:37):
Know, Exactly so we what what do we need 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 2 (37:45):
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 to or in, retirement you need to dial that.

(38:08):
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 money. Out so let us help you build a

(38:28):
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 or.
Obligation the next ten callers in the next ten minutes

(38:51):
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 ten.

Speaker 4 (39:10):
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 a. Call and find out eight hundred ninety four
zero six nine seven. Nine eight hundred ninety four zero
six nine seven Nine one more segment to go on

(39:30):
the road to retirement With Trip. Limehouse when we.

Speaker 2 (39:33):
Come, back it's time to dig into the mail bag
and find out what you want to. Know compan up.

Speaker 3 (39:44):
Losing sleep worrying about your retirement savings and market. Volatility
you've earned your, money And Trip limehouse will work tirelessly
to protect and grow. It his no cost personalized review
starts with listening to you and results in a, clear
actionable written. Plan start sleeping easier. Tonight Call Trip Limehouse

(40:05):
Limehouse financial eight hundred nine four zero sixty nine seventy
nine eight hundred nine four oh sixty nine seventy. Nine
funny money or not so funny?

Speaker 2 (40:21):
Money this time we're talking about funny.

Speaker 3 (40:24):
Money Benjamin franklin, SAID a penny saved is a penny.
Earned but how much is a penny really? Worth, well
technically still one, cent but it depends on when it was.
Minted if it's a pre nineteen eighty two, penny the
copper and it's actually worth. More pennies made before nineteen
eighty two were ninety five percent. Copper since two, thousand

(40:46):
the price of copper has risen, dramatically making the meltdown
value of these pennies more than the face value of the.
Coin based on per pound current value of, copper the
copper in each pre nineteen eighty two penny is worth
one point seven. Cents melted, down its value is seventy percent.
Higher but, wait don't go melting down your pennies just.

Speaker 2 (41:09):
Yet it's.

Speaker 3 (41:11):
Illegal hold on to them. Though if the penny is
ever discontinued as legal, tender then melt. Away I'm Dave
perkins With Funny.

Speaker 7 (41:26):
Money we are back on the road to retirement with trip.

Speaker 4 (41:36):
Blme how's this been a really fun ride? Today learning
a lot along the, way and this is always a
fun part. Too and again let's jump into a couple
of questions here before we've run out 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

(41:58):
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 cash for paying down their.
Mortgage what's the trade off between retiring with less debt
versus a slightly bigger four oh one K.

Speaker 2 (42:15):
Wow 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. You good.
Job so would it make sense to reduce your contributions
to potentially free up cash or paying down your. Mortgage

(42:35):
i'd say yes for two. Reasons number, one moving 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's offering,

(42:55):
you you, know through your retirement retirement account 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

(43:17):
to this, question the trade off with, retiring you, know
with less debt versus a bigger four ONE, K 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

(43:37):
continue to, accumulate and let's show you how to move
towards the decumulation, stage preserve and protect your, money 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 that great. Question continue on
with the good, work and let's get that mortgage paid, off.

Speaker 4 (43:56):
All, right make it happen eight hundred and ninety four
zero six ninety. Seven and if you'd like to get
ahead 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, probate

(44:18):
but don't fully understand the. Differences what is the simplest
way to start updating an outdated estate plan to match today's?

Speaker 2 (44:26):
GOALS i 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 is. Yes. Folks
you need to be checking your beneficiary designations making sure

(44:47):
they're up to, date and you need to be updating
your estate planning making sure that 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 in more than lif a primary, residence
it would be advantageous to look at a revocable living.
Trust you have to make sure it's the right. TRUST
a revocable living trust still allows you to maintain control

(45:10):
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 you,
know we help people with their estate. Planning we help our.

(45:31):
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 power,

(45:52):
attorney health care 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 planner

(46:15):
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 retirement

(46:37):
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 a.

Speaker 4 (46:57):
Caller eight hundred ninety four zero six x nine seven
nine is the. Number and 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

(47:19):
insurance while she still, qualifies or is it already too?
Late what are the pros and cons of getting long
term care coverage in your?

Speaker 2 (47:27):
Sixties, 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 costs 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

(47:48):
holistic planners functioning from a fiduciar, 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,
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,

(48:10):
care where we use lump sums of money that are
designated to protect you in the event any 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 you, know offset long term care. Costs and
then we have traditional long term care plans as, well

(48:32):
so you, KNOW i Mean i've been doing long term
care planning 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 made
never use it and just to paid for. It we

(48:54):
can't say it's for, nothing, Though so there's many different
strategies and techniques that 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

(49:15):
very difficult thing to. Endure And i'm proud of you
for thinking of you, 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

(49:38):
a written plan for retirement that incorporates reducing or eliminating
the long term care risk 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 wagh through all these strategies together and put the
best thing in place for. You sounds.

Speaker 4 (49:59):
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 the

(50:20):
need for growth with the fear of loss when you're already.

Speaker 2 (50:24):
Retired, well, sir thank you for calling. In thank you
for being a listener to this. SHOW i think that
you know you touched on some things we've been discussing
this whole, episode and 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
comes to me right now is helping you to understand

(50:47):
that you are recognizing the need for growth and. Safety,
Okay and and that's so appropriate, though it really. Is
since you're already, retire which we work with a lot
of people who are already, retired we need to always
monitor how much is at risk and it's different for every, person,

(51:09):
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, downside
a lot of upside. Potential this is your safe money.

(51:29):
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 how
the green line principle can alleviate the fear that you're,

(51:51):
encountering which is very. REAL i understand that green line.
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 Retirement.
Show we appreciate you very, much AND i want to

(52:11):
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.

Speaker 6 (52:27):
You if you remember THESE tv shows you're getting ready to,
retire and everybody see a big pair of feet, there cheesy.

Speaker 4 (52:43):
Mustache i'll think of, you.

Speaker 2 (52:45):
You guts, WELL i Hate.

Speaker 6 (52:49):
I'm one guy who ain't prejudiced against anybody who may
be lesshipy than. Me it kind of sneaks up on,
you doesn't. It oh. Geez 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

(53:13):
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 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

(53:33):
sixty nine seventy nine or text trip to eight hundred
nine four zero six nine seventy.

Speaker 3 (53:39):
Nine 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