Road to Retirement 09-06-2025

Episode Transcript

Speaker 1 (00:00):
Information provided is for illustrated purposes only and does not
constitute investment, tax, or legal advice. Information has been obtained
from sources that are deemed to be reliable, but their
accuracy and completeness cannot be guaranteed. Neither Trip Limehouse nor
his guests are reliable for the usage of information discussed.
Always consultable the qualified investment, legal, or tax professional before
taking any action.

Speaker 2 (00:20):
Still relying on the four percent rule, stock heavy portfolios
and dreams of a pension, well, you might be planning
your retirement like it's nineteen ninety five and that just
doesn't work anymore. We're breaking down what's changed and how
you can future proof your retirement with strategies that are

(00:42):
built for today. 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 you just
don't want to make wrong.

Speaker 1 (00:54):
Banter, Well, buckle up. We're getting ready to take a
retirement road trip together, road to retirement with Trip Limehouse.

Speaker 2 (01:03):
It's the perfect amount to map it out. That road
to retirement is key, is key.

Speaker 1 (01:08):
Get on the road to financial security and independence. Just
like many of Trip's happy clients in retirement partners.

Speaker 2 (01:15):
My money is safe using the green line principle that
you taught me about. Thank you so much.

Speaker 1 (01:21):
Let's get this trip started. It's the road to retirement
with Trip Limehouse.

Speaker 3 (01:26):
Hey, welcome in everybody. This is the road to retirement
with Trip Limehouse. Trip has been helping folks for more
than twenty years, getting into the getting into and through
retirement again. The Limehouse Financial is the website. I encourage
you to visit that trip.

Speaker 4 (01:45):
Hi, how are you good? To see you?

Speaker 2 (01:46):
Yeah, good, good, glad to be with you. And also
everyone out there in radio land. A big shout out
to my longtime listeners. You guys are awesome. I always
like to just say hello to you, let you know
how much we appreciate you. You know, after doing the show
continuously for over five years, got quite a big following.
Steve and uh and I like that a lot.

Speaker 3 (02:07):
Yeah, but I think it's great. I mean, you've established
yourself as a credible source. You're helping, you know, you're
helping teach. I mean you're teaching good stuff.

Speaker 2 (02:16):
Educating people on what to do, how to get there,
how to stay there. We're talking about all things retirement
and if this is your first time tuning in. Hey, welcome,
Welcome to the Road Retirement Show with Limehouse Financial eight
hundred nine four zero six nine seven nine Limehouse Financial
dot Com. And we are having fun helping people. This

(02:38):
is something that folks always, you know, dream of, Steve, retirement.
I mean, they work and work and work, and they
go to work and they think about the day that
they'll be retired, and and uh and and most people
you know are doing things accurately and and they're saving,
accumulating and uh, but not a lot of people are
having a plan for when they actually we do retire,

(03:01):
and we do see many many people who are still
relying on you know, old ways, old strategies that we
kind of joked around in the beginning. You know, are
you planning your retirement like it's nineteen ninety five, folks,
you just can't do that anymore. But I think it's
just gonna be fun to rewind for a second. Steve,
let's talk about to do it. Maybe some things that
were happening on radio and TV. How about Friends. Friends

(03:23):
was a huge, huge TV show, big way back when
sure actually it still is now it's like, oh.

Speaker 4 (03:31):
Go away, but yeah.

Speaker 2 (03:33):
Tell you my daughter, Alison. Hey, Alison, I love you
so much. She is a friend's uh like fanatics. She's
watched I think every episode and she actually bought a
board game that was the Friends Board Game, So that
was fun, real funny.

Speaker 4 (03:49):
And how about my daughters are both way into it by.

Speaker 2 (03:51):
The way, I mean, you know, I mean, you can't
watch an episode that doesn't make you laugh, that's for sure.
How about some artist on the radio, some music, honest Morisset,
I mean, you know, she was kind of re invented.

Speaker 4 (04:04):
She reinvented the word irony.

Speaker 2 (04:06):
To totally one hundred percent. Some of her lyrics we
won't go over on the show because they're not necessarily
politically correct or friendly, I don't know. And then gas,
what about that? How much gas costs? You remember what
it was in ninety.

Speaker 4 (04:21):
Five fifteen collars fifteen per gallon.

Speaker 2 (04:24):
So and you know, the thing about it is too
back then, if you had a million bucks, it felt
more like, you know, maybe five or seven or ten million,
you know, like you would have enough to coast to
coast through retirement. And this was also a time when
bondsponns gave you a real yield. And and also this rule,

(04:45):
the four percent rule. It kind of was like the gospel.
But then let's let's get to where we are now today,
right twenty twenty five. So spoiler alert, all those assumptions
that worked back then are just not holding up anymore.
I mean, markets have changed, rates have changed, interest rates
have changed, and most importantly, folks, I think you know

(05:09):
you have changed. Okay, And what we want to do
is just kind of talk about why your retirement plan. Well,
first of all, you need a plan. I want to
make that clear. You need a written plan for retirement, okay,
but we want to talk about why it does need
a need an upgrade, and we want to point out
which outdated strategies could if you will leave you running

(05:35):
out of money or maybe even missing out on doing
some things in your life that you have always thought
about doing, you know, missing out on opportunities that you
really have earned. So here's a kind of a comparison
related to like movies, okay, movie nights. So a question
for you guys out there listening is are you planning

(05:57):
your retirement like it's a block buster a night? Remember
that old store where you'd go and you went the
VHS tapes and then the DVDs and and and then
you know they're slogan bekind rewind of course DVDs to rewind.
But I remember going to the VHS, getting the VHS
is and watching them and you know me too. So
are you planning your retirement like it's a blockbuster night?

(06:20):
But living in the Netflix?

Speaker 3 (06:22):
Uh?

Speaker 2 (06:22):
You know era, because that's what we're in now, where
we don't have to go and uh actually physically pick
up something, you know.

Speaker 4 (06:29):
The movies come to us.

Speaker 2 (06:31):
That's right. We just sit there and flip through hundreds
and thousands of them, you know. So the parallel here,
as I was thinking about it is in the nineties,
retirement plans were were simpler, if you will. Uh, pensions
were common, health healthcare was on the more much more

(06:52):
affordable side, yes, and on average too, retirement was shorter,
lasted around eighteen or or so. Years. Now, think about
this today, it's really not unusual to spend you know,
twenty five or thirty years in retirement. And according to

(07:13):
the CDC, which for the record, I don't have a
whole lot of faith then, but according to them, life
expectancy for a healthy sixty five year old can reach
into the nineties. So you know, folks, if you're still
using rules that were built for a nineteen ninety five
retirement horizon, I mean, aren't you kind of like someone

(07:36):
that's just trying to stream a movie on a VCR,
which is not possible.

Speaker 4 (07:41):
It's still out of me.

Speaker 2 (07:43):
Yeah, it's okay. Well, so when Amy and I got
married with somebody recorded, you know, on a VHS tape
and you know, it quite the thing. So actually I've
had to hunt down a functioning VCR so that we
can watch it. And it's about time for us to
take those old, many old VHS tapes to get them converted,

(08:06):
you know. But I mean, you know even now, like
having a DVD players, like you don't really see a
lot of those because it really is streaming and that's
how fast things change. So what do you get it
converted to? Like you have VHS, you get it converted to.

Speaker 3 (08:18):
I would get it to US drive or something, yeah,
a USB driver in the cloud.

Speaker 2 (08:23):
Yeah, and then then you just stream it like you
do anything else. I guess that's the that's a parallel
to a retirement. I mean, like I'm talking about your
retirement being outdated and quite frankly, many of you out
there just never look at it, never think it needs
to change. And I'm just here to share with you
that you can do better. I mean, if you had

(08:43):
two TVs side by side, a VCR that was running
VHS on a movie, and then beside it a TV
that was streaming, the one that streaming would win out
hands down all the time. For a clarity question and
for your enjoyment and your play measure. And you know
that's what retirement is, for your enjoyment and your pleasure.

(09:05):
And what do we do here at Limehouse Financial, Well,
we help provide the clarity so that you can, you know,
really have fun in retirement eight hundred nine four zero
six nine seven nine Limehouse Financial dot com or having
fun help with people. What hey, Steve, here's a question.
What what do you think happened to reliable income from

(09:27):
bonds and CDs? Because that used to be a thing.
It used to to be a thing.

Speaker 3 (09:32):
Used to well, yeah, back in ninety five, I mean
my brother was kind of just getting close to retirement.

Speaker 4 (09:37):
He was all excited about CDs.

Speaker 2 (09:39):
Yeah. Well, the tenure Treasury in ninety five was yielding
over six and a half and today it hovers round
four different. Yeah, definitely, And for many years before that
it was even lower. So, you know, talking of CDs,
I mean, they really were once a retiree favorite, you know,
but now they are just barely beating inflation. So, folks,

(10:02):
you know, if your retirement income plan, if you even
have one, is based on the kind of fixed income
that made sense when something like beanie babies were hot.
I mean, the question for you would be, isn't it
time to rethink how you generate consistent inflation adjusted income?

(10:25):
I mean, isn't it time to do that? After all,
income determines outcome during retirement. That's the key to a healthy, prosperous,
successful retirement. Income. Income determines outcome. You know, do you
have an income and a distribution plan at all? I'd
be surprised if there were ten of you in the
studio with us today and I surveyed you if any

(10:46):
of you were to raise your hand, because in general,
this is something that's being overlooked. And that also is
kind of like the old adage, Well, I just have
an amount of money, and I'll just make a certain
percentage of a withdrawal and I'll be okay during retirement
and I'm just sharing you. It doesn't work like that anymore, folks.
So you know, as an income and a distribution planning expert,
this is an area that we excel in helping you,

(11:09):
you know, with the things that we're talking about in
my investment advisor Jonathan O'Reilly the same. I mean we
collectively we really like getting together with you talking through
these things. And our job isn't to downplay what you've
already done, is to show you how to do things better.
You know, how to do things better and different and
maybe get unstuck even when you don't realize you're stuck.

(11:30):
There's some of you out there that realize you're stuck
and you want help. I'd like to see you eight
hundred nine four zero six nine seven nine. There's some
of you out there that don't even know you're stuck.
You need to have an expert like myself for Jonathan
review things for you and kind of put it in
perspective of maybe how you can do better. And we'd

(11:51):
like to do that for you too. Eight hundred nine
four zero six nine seven nine. Things are different now
than they were ten twenty thirty years ago. Things are
always changing quickly and we're gonna come back in a
minute and talk more about how you can do better
as you're moving forward to future proof if you will,
your retirement. But right now, this offer them you're going
to give is for the next ten callers in the

(12:13):
next ten minutes. It's for a written plan for retirement
built by our team ow certified financial professionals, and it's
individualized and customized just for you. It's also at no
cost or obligation to you. If you're one of the
next ten callers in the next ten minutes, eight hundred
nine four zero six nine seventy nine, call in right

(12:33):
now for your written plan for retirement.

Speaker 4 (12:36):
Sounds great, trip, Do give us a call.

Speaker 3 (12:38):
Eight hundred nine four zero sixty nine seventy nine, no cost,
no obligation, an opportunity for you to come on in,
sit down and get yourself a financial roadmap put together.
You'll find out things like how much risk you're taking,
how many red flags could pop up and be a
potential problem for you down the line, do you really
know what you're paying in fees or commissions? And tax
liabilities will be discussed, and of course, creating a lifetime

(13:00):
retirement income plan that includes maximizing your Social Security benefit.
Take advantage of this complimentary review by calling us right now.
Eight hundred nine four zero six ninety seven nine eight
hundred nine four zero sixty nine seventy nine quick break
for us. We're coming right back though. We've got lots
more on the road to retirement with Trip Limehouse right
after this.

Speaker 2 (13:19):
Don't fool yourself, folks, things change quickly. We've been talking
about how some people are stuck in their retirement plan
like it's nineteen ninety five, and that's just totally bogus.
How we're breaking down again what's changed, and we're sharing
with you how you can future proof your retirement. Coming
right up.

Speaker 4 (13:45):
Oh, I'm glad you're here.

Speaker 5 (13:47):
I'm not sure how long it's been leaking.

Speaker 4 (13:49):
What's like it's been leaking for quite a while. Lucky
you called this one, you did. I hope you can.

Speaker 5 (13:54):
Fix it if I only knew sooner.

Speaker 1 (13:56):
Find the leaks in your retirement plan before you you
end up underwater.

Speaker 5 (14:01):
Make sure your retirement plan is above water. Called Trip
Limehouse and the team at Limehouse Financial eight hundred nine
four oh six nine seven nine eight hundred nine four
oh six nine seven nine proudly serving Soda City.

Speaker 3 (14:20):
Hy Welcome back, everybody. This is the road to retirement
with Trip Limehouse. Trip the guy behind the green line principle.
We'll talk about that in a couple of minutes. Trip
is also really well versed in tax planning, social security planning.
In fact, Trip, you are so committed to education. You've
got a couple of seminars coming up, don't you.

Speaker 4 (14:36):
We do.

Speaker 2 (14:36):
We do, and thank you as always for reminding me
and everyone else out there of the events. We've got
one coming up on Wednesday, September the tenth. That's going
to be at six pm at the Lexington County Public Library.
This is a social security and income planning workshop. We'd
love to have you there, no cost for obligation. Again.

(14:57):
That's Wednesday, September the tenth, six pm, Lexing County Public Library.
And then the following week we're going to have one
on Saturday. It's a Saturday event and we love our
Saturday events. Nice and relaxed breakfast will be served. Again,
this is no cost for obligation, and that's going to
be at nine am and the location is the Lexington

(15:19):
Chamber of Commerce. And once again the date is Saturday,
September the twentieth, nine am. It's a social security and
income planning workshop. Breakfast event will serve you breakfast no cost,
no charge, and also serve you a lot of information. Folks.
Call in eight hundred nine four zero six nine seven nine.
If you'd like to attend either one of those events,

(15:42):
visit us on the web at a limehouse financial dot
com and under the events tab you can also register
that way. So, hey, Steve, I know I mentioned and
I got a couple of calls on this. I know,
I mentioned on air not too long ago that Amy
and I were going to be taken the Road to
Retirement Show on the road, and I had a couple

(16:04):
of calls about that. So a couple of people called
in and said, that is like a brilliant idea, and
you know, to talk more about it. So what we're
working on is you know, really boosting the Facebook page
Road to Retirement Show and also our website and kind
kind of create more of a presence on YouTube. And

(16:25):
we want people to kind of be checking and looking
for that and checking that out because Amy and I,
you know, the businesses doing this, we're going to collectively,
you know, get on the road and be interviewing people
at campgrounds about are they retired, how did they do it?
Are they enjoying it? What would they've done differently? We're
also going to be talking about to people who are

(16:46):
not retired and hey, what are you doing to prepare
for it? So it's gonna be pretty cool. And we
got our camper, a nice brand new Imagine Grand Design
twenty three LDS. I just throw that out there for
no particular reason other than I am fascinated that I
remembered all of it, and that's kind of but it's well,
it's a twenty eight foot camper and I'll be towing

(17:08):
it behind the suburban and and we're just gonna go
really have fun out there, and we're gonna be working
on the on the road on the Road to Retirement.
And so anyway, folks just be checking, be looking for
that stuff online and I'll be mentioning it more. But
we're having our first test ride if you will, coming
up soon. So uh, I know, like I said, a

(17:30):
couple had called and asked about it. I'm gonna be
updating everybody else about how the Road to Retirement show
going on the road is. Uh, is you know how
it's going. It's a lot of going going, but we're
super excited about it. So, you know, the first segment
today we did talk about you know, it's kind of funny,
but we compared like, are you planning your retirement like

(17:53):
a Blockbuster night or you are you but while you're
living in the Netflix area. I think that's something everybody
can relate to. And then yeah, we talked about how
things have changed, you know, to create reliable income, I
mean bonds and CDs, that that whole market has changed.
By the way, folks, what I'm thinking of when I
mentioned bonds and CDs, I'm thinking of those of you

(18:13):
out there that are seeking safety for your money. If
you've been listening to me for a long time, you
know how I prioritize that in our planning process here
at Limehouse Financial. If you're new to the show, you
just heard me say it. I prioritize safety for your
money overall in your retirement plan. Okay, And a great

(18:35):
way for you to accomplish achieving that versus utilizing bonds
and or CDs would be to look at the green
line principle. I'm very proud of that. I trademarked it
with the USPTO. The green line principle is a safe
money strategy where zero is your hero. You cannot lose

(18:55):
any of your money, and you have a lot of
potential for upside. You also can utilize the green line
principle to create a personal pension plan, which would guarantee
you income for as long as you or you and
your spouse are alive. So anyway, some of you out
there are seeking safety utilizing bonds and CDs, make sure
you ask us about the green line principle, because the

(19:15):
bottom line is there's one hundred percent safety and there's
a whole lot more room for upside utilizing the green
line principle than utilizing bonds and or CDs. So let's
get into the four percent rule. This is kind of
an older rule that came about in the nineties.

Speaker 4 (19:33):
You know, has it all gone the four percent rules?
Still all that? Or is it gone full Macarna? That's
again reference to the nineties.

Speaker 2 (19:42):
That's good, Yeah, I love it. We're tied tying things
back in. I know a lot of our listeners can
relate to the nineties two within that long ago. But yeah,
the old four percent rule, it was born out of
historical data, you know, in the nineties, and the thing
about that is, you know, market returns were fairly strong,

(20:03):
and another thing is inflation was fairly low. So in
twenty twenty three a Morning Star report it recommended a
more conservative three point three withdrawal rate due to imagine
this market volatility and imagine this longer retirements. You know, So, folks,

(20:26):
if you're still clinging onto that I'm just going to
have this amount of money and I'm going to use
the four percent rule and I'm going to be successful,
perhaps your nest egg is at risk of an early
burnout and that would derail your retirement. You know, our
job here, we often talk about, is to help you
avoid the wrong turns on the road to retirement that

(20:49):
can lead to a dead end. And quite frankly, that
is one you know, the old adage of I'll just
have X amount of money in with you're all four percent,
and I'll be fine for the duration of retirement. I mean,
you know, could it work out? Maybe?

Speaker 5 (21:01):
Sure?

Speaker 2 (21:01):
I mean, but we're just saying things have changed and
we're not planning, at least not here at Limehouse Financial.
We're not planning, you know, like we're in the nineties anymore.
So folks, you know I reiterated over and over again,
but an income and a distribution plan is it's so
impairtive for you to obtain that from us. That way,

(21:22):
you know how much money to withdraw, where do withdraw
it from, and how long it's going to last. And
it's very well mapped out and you know, strategically planned.
It's not based upon just withdrawing a certain percentage. It's
based upon certainties. So you know, for those of you

(21:42):
it's probably the majority that do not have an income
and a distribution plan, call us right now eight hundred
nine four zero six nine seven nine and ask us
about the income and distribution plan will help you with that.
And also if there's some of you out there listening
that have been utilizing the four percent rule uh and

(22:04):
want to make sure that it's going to continue to work,
or want to see if you can improve or do better,
give us a call as well. Eight hundred nine four
zero six nine seven nine. Next up, the big I word.
I'm thinking about inflation. Nobody likes that word. A lot
of things costing more.

Speaker 3 (22:23):
Always well, and I mean when you compare, when you
compare then to now with a loaf of bread buck
fifteen today about three fifty.

Speaker 2 (22:31):
That's inflation, right, right, yeah, and they need things like gas.
I mean we mentioned in the first segment today in
the mid nineties, you know, it was hovering around a
dollar a gallon, and of course now you know, I mean,
you know, we're maybe for lucky, you know, two seventy
five or something like that. So the question that you
need to be asking yourself, folks, is how does inflation

(22:53):
change your retirement math? And you know, over the past
few years, for sure, inflation has outpaced Social Security cost
of living adjustments, and it has eaten away at real
purchasing power. I mean, even I'm on a three percent

(23:15):
annual inflation rate cuts your money's buying power in half
over a twenty four year period. So here's the thing.
Your retirement plan, Okay, your retirement plan. It should include
investments and income sources that grow with your cost of living.

(23:38):
And my investment advisor, Jonathan O'Reilly thoroughly enjoys inflation proofing
your written plan for retirement, your plan for retirement. And how
does he do that? Well, we professionally manage money here
at Limehouse financial and remember we do everything from a
fiduciary capacity, only making recommendations in your best center. So

(23:59):
by utilize many different portfolios and having money at risk,
we're going to achieve objectives that are that are there,
such as outpacing inflation and growing your money. So make
sure you're asking us about our professional money management services.

Speaker 3 (24:15):
Now.

Speaker 2 (24:15):
The last thing I want to touch on now is
is taxes and and a question to ask yourself is
do you do you underestimate? Uh, taxes? Are you underestimating taxes?
And I'm not really talking like on your form that
you're completing to file and talking about just in your
in your head.

Speaker 4 (24:32):
That's easy to do.

Speaker 2 (24:33):
Yeah, so easy to do well here going back to
the nineties, right in the nineties, marginal tax rates were higher.
But the thing is retirees do ofthin had you know,
pensions and a different time. Yeah. And and also they
had less tax deferred accounts in the nineties. So today, uh,
the majority of retirement savings are in tax deferred vehicles

(24:56):
and that means higher taxes later because taxes are deferred
not eliminated, in particular when you reach the age when
you have to start taking requirementimum distribution, So folks, don't
let your plan ignore a potential tax storm that may
be quietly brewing. Eight hundred nine four zero six nine

(25:17):
seventy nine livehouse Financial dot Com. Hey, I want to
offer the next ten callers in the next ten minutes
a written plan for retirement, individualized and customized just for you,
at no cost or obligation. Folks, you cannot just call
and say send this to me, mail this to me.
You must come in go through our process to receive it.
Once again, this is a no cost or obligation written

(25:39):
plan for retirement, individualized and customized just for you, at
no cost or obligation. If you're one of the next
ten callers.

Speaker 4 (25:46):
Sounds great, Trip, don't miss your opportunity.

Speaker 3 (25:48):
It's a phone call away eight hundred ninety four zero
six nine seven nine great way for you to oh,
come on in, sit down and really help.

Speaker 4 (25:57):
We're here to help.

Speaker 3 (25:58):
You make the best decisions for you when it comes
to your retirement. So if you do have questions, maybe
you're just looking for a second opinion, now's the time
to give Trip on the team a call. Eight hundred
nine four zero sixty nine seventy nine eight hundred nine
four zero sixty nine seventy nine. Quick break back with
more on the Road to retirement with Trip Linemouse.

Speaker 2 (26:14):
Gone are the days when CDs and bond ladders were enough.
Today's retirees need income strategies that are as flexible and
dynamic as their lives are. In this segment, we're going
to explore how to generate sustainable, tax efficient income without

(26:34):
living like it's nineteen ninety five.

Speaker 6 (26:43):
In life, there are defining moments.

Speaker 2 (26:45):
You may kiss the bride, you got a job, buddy.

Speaker 6 (26:48):
Retirement is one of those standout, exhilarating times.

Speaker 2 (26:52):
Hard pay em seize the.

Speaker 6 (26:55):
Day, meet at no cost with our local independent team
who are here to help.

Speaker 2 (27:00):
I'll coach you along this journey.

Speaker 6 (27:02):
Called Trip Limehouse with Limehouse Financial eight hundred nine four
zero six nine seven nine. That's eight hundred nine four
zero six nine seven nine.

Speaker 3 (27:17):
We're back on the road to retirement with Trip Limehouse.
Having a nice drive to day, cruise in along the freeway.

Speaker 4 (27:22):
Looks good.

Speaker 3 (27:23):
We've got no detours, got no bumps in the road,
just smooth sailing into retirement. And that's what Trip achieves
helps us help us achieve that Trip.

Speaker 4 (27:31):
Yes, that's what you do.

Speaker 2 (27:33):
Yes, we are having fun helping people a one day
we're all going to exit on that road to retirement,
and we want to make sure that things are smooth
and not complicated. They're having fun, and that we're making
it the whole duration, not running out of money, and yeah,

(27:53):
really just enjoying things, having a stress free retirement. And
my observation in over twenty years of helping people retire
is that the ones that really have those stress free retirements,
at least financially, are the ones that have a written
plan for retirement. And it's kind of astounding, but in general,

(28:14):
most people do not have that. I know this is
a fact because we do workshop after workshop after workshop.
We see hundreds and thousands of people and you know,
I asked the question, do you have a written plan
for retirement? And very few people raise their hand. Folks
are written plan for retirement is key for you to

(28:35):
maintain your independence, being control and have a great retirement.
So you know, speaking of that, I mean, educating people
about this stuff is so key. We in the first
two segments we were talking about do you still have
a retirement that's set up like a nineteen ninety five
style retirement and we're continuing enough. I mean in the

(28:55):
opener we talked about, you know, you know, how to
generate sustainable tax free income without living like it's nineteen
ninety five, So I don't know, I think that.

Speaker 5 (29:07):
Uh.

Speaker 2 (29:08):
Well, for one thing that's coming to mind now is
back in the nineties, a retirement income planning was it
was kind of more in the simple side. Uh, load
up on bonds, you know, grab you know, some some CDs. Uh,
not necessarily like like the Pearl Jam CD, although that

(29:31):
would be a good one for one of them. But
I'm talking about certificate as a deposit and then you know,
and then of course relying on your pension to do
the rest. So but you know what, uh kind of
taking a play from a movie that everybody's familiar with.
We're not in Kansas anymore, Noka, and it's not nineteen
ninety five anymore, you know.

Speaker 3 (29:54):
So, Yeah, we've assumed ahead thirty years and a lot happens.
One of the things that's noticeable, Tripp, and we talk
about it every week is longevity.

Speaker 4 (30:02):
We're living longer.

Speaker 2 (30:03):
Oh yeah. The number one risk people face during retirement
longevity risk. Good news is it's controllable. You have to
understand it and then choose to do something about it.
You know, if you're out there, here's a question for you.
Have you ever known anyone that retired and then went
back to work because they had to, not because they
wanted to, but because they had to. And probably some

(30:25):
of you are saying, yeah, I know somebody that happened
to Well, they succumbed to the risk of longevity risk,
and I'm sharing with you. I don't want you to
ever have to face that. So, you know, as an
income and distribution planning expert, this is what I do
is make sure you have plans built that you know,
are built so good that you never have to go
back to work. You know, you can if you want to,

(30:47):
but never have to because you don't not leave you money.
I mean, in general, we're working with people that have
seven figure portfolios, Steve, and you know, the propensity for
someone that has a seven figure portfolio, especially if it's
a higher seven figure porfolios as we are working with often,
you know, it just not necessarily to run out of
out of money. You know, could it happen, yes, is

(31:07):
it likely to happen? Maybe not, But even even so,
people that have a lot of money, they still need
to make sure they have the right plan in place
to get them, you know, where they want to go.
As a matter of fact, we just had a a
gentleman come in. He'd been listening to us for three
years and it was just the right time, and he said,

(31:29):
you know, I've got my two point seven million bucks.
I'm working with a couple of different brokers, he said,
but I hear you talk all the time about this
safe money strategy, the green line principle, and neither one
of my brokers have talked to me about it. And
he also pointed out that neither one of his brokers
had ever given him a written plan for retirement. So
he finally just picked up the phone and you know,

(31:51):
he coming in to see us. But we're different. We're
helping people.

Speaker 3 (31:55):
You know.

Speaker 2 (31:57):
Lower yields are a thing too, SDAVE, I mean higher
volatile utility inflation. I mean we've we've talked about that
in the show today. We continue to talk about it
because you know they're real. So how about a modern
playbook for income in retirement?

Speaker 4 (32:12):
Okay, will you will you write it for me?

Speaker 2 (32:16):
Well, we want to walk through. Yes, is the answer, okay, good, good.
We want to walk through a variety of kind of
updated strategies. I'm going to touch a little bit on
dividend portfolios, maybe some tax withdrawal sequencing, and the stuff
that I'm going to just kind of go into now
is designed to help you guys out there maintain the

(32:37):
lifestyle that you love without running out of money or
losing sleep. So, you know, our CDs and fixed income
still cutting it or they just kind of if you will,
a show from the nineties, Saved by the Bell kind
of reruns. Well, yeah, well do you remember in the
ninety Steve what CDs could could get a person.

Speaker 3 (33:00):
I want to say somewhere like four or five six percent,
six percent, right, I'm thinking more like six. I was
just trying to remember my brother because yea, I was
talking about that. I'm gonna say six.

Speaker 2 (33:10):
Five plus is definitely the answer. And with almost you know,
just like the c certificate to deposit no risk. Now today,
even with interest rate hikes, we're seeing that CDs are
struggling to beat inflation. You know, maybe maybe somebody finds
a four four and a half. But and continuing on

(33:31):
with this, like traditional bond laddering. It's still useful in
some sense, but it's not always if you will nimble
enough for today's retirees, I don't know. The question I
would ask you guys out there listening is are you
either if you're about to retire or are are already retired?

(33:53):
Are you are you relying too heavily on UH on
safe income strategies that that actually might you know, shrink
you're purchasing power over time? You know, perhaps you are.
This is where a second opinion comes in too, Steve.
I want to offer anyone out there that has any
amount of money invested, okay, I want to offer them

(34:14):
a second opinion on what's in their portfolio. Because we're
seeing a lot of people today that come in for
that second opinion that I'm offering right now, and we're
sharing with them, Hey, this has done good, but it
can do better and here's how and if you'd like to,
we can help you with it. So, if you'd like
a second opinion on your portfolio, just give me a

(34:36):
call right now at eight hundred nine four zero six
nine seven nine and just mention that you heard me
say I would give you a second opinion on your
portfolio or your retirement to see see if we can
help you do better. So, now, this dividend paying stock thing,
it's pretty hot, it's pretty hot deal. And there's a

(34:56):
lot that are really just you know, they're doing good,
you know, some better than others. What's the purpose of
like a dividend paying stock though? Income for one?

Speaker 3 (35:07):
Well income? So is that something we can count on?
Is that part of a strategy?

Speaker 2 (35:13):
Yes, definitely it can be a dividend paying portfolio and
it can be so you can it's nice because you
can have the dividends reinvested to purchase you more of
of the of the equity, or you can have them
paid to you outright, you know. Uh So, so they
do function very well, especially for a lot of people
that you know that we're working with.

Speaker 5 (35:33):
That.

Speaker 2 (35:36):
So dividend stocks, you know they have they definitely are,
I would say, having a resurgence, and that's for a
good reason. So let's take for example, a company like
Johnson and Johnson, or or Procter and Gamble, maybe even
Coca Cola. Uh those blue chip companies have long histories
of not just paying dividends, but increasing their dividends, and

(35:58):
that's the key thing sols. If you like giving your
portfolio a raise every year, you might want to ask
us about, you know, dividend paying portfolios. And unlike bonds
which are capped, you can't you just have a certain
amount you can earn. Dividend income is not capped. So
now the question is with market volatility though, is a

(36:22):
dividend focused strategy a reliable anchor or could it be
a risky bet in disguise? And that just depends on
you and where you are. You know, at the core
of it, we have to have a written plan for retirement.
We have to map out social security, maximize and optimize
social security. We have to have income that's guaranteed for life.

(36:44):
We have to have a safe money strategy. That's why
you need to know about the green line principle, Folcus.
The green line principle is a is a way that
you can have zero risk and a lot of upside potential.
It needs to be a part of everyone's plan. It
doesn't need to be the only part. It just needs
to be a part of it. You know, there's so
much we need to do. We need to have a

(37:05):
tax efficient retirement plan, map out requirementum distributions, all of this,
and we're helping you with the things that I just
mentioned and so much more. Okay. One of the things
is this concept known as the bucket strategy that ties
into an income and a distribution plan. Steed, the bucket strategy,

(37:25):
if you will, yes, I mean, so many people have
different types of money like tax deferred, tax free, and
then taxable, and they don't know which one to, you know,
take money from first. Jonathan and I met with a
couple and it was about a month ago and like
one point four million bucks saved across all three of

(37:45):
those accounts, and they thought the best thing was to
take money out of their traditional IRA first. And what
we demonstrated to them was that was for this particular couple,
and it's not the same for everybody, but for this
particular couple, that was not the best idea and there
was a ration now behind that, but we went through
that with them, educated them on it, and they were like,

(38:06):
nobody's ever explained it to us like that before. Folks.
We're different, we're having fun, we're helping people. I want
to help you, and this offer is for the next
ten callers in the next ten minutes who really want
help from an expert like myself, like my investment advisor,
Jonathan O'Reilly, And here's the offer for the next ten people.
It's for a written plan for retirement built by our

(38:28):
team of certified financial professionals at no cost or obligation
to you. But you must be one of the next
ten callers in the next ten minutes to receive this
no cost or obligation written plan for retirement, individualizes and
customized just for you. And by the way, you cannot
just call and say mail that to me, email that
to me. You must come in go through our process
to receive this call in right now, and it's yours.

Speaker 3 (38:52):
Sounds like a plan Trip eight hundred nine to four
zero six nine seven nine. It's an opportunity to get
that financial roadmap just exactly what we've talking about today.
And Trip can take that complex financial world, whether we're
talking about bonds or CDs. He can put it together
and tell it to you in a way that just
makes sense. It's a chance for you to get a

(39:12):
true practical financial review. So if you're listening call us
eight hundred nine four zero six nine seventy nine, you're
going to get that comprehensive financial review, You'll see where
you are today, but more importantly, it becomes a roadmap
that can help get you to where you need to be.
So you've got nothing to lose. Call right away eight
hundred nine four zero sixty nine seven nine, eight hundred
nine four zero six nine seven nine.

Speaker 4 (39:34):
Quick break back with more on the road to retirement
with trip Limehouse.

Speaker 2 (39:38):
You've got questions and we've got answers that and a
whole lot more when we come right back.

Speaker 1 (39:48):
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 ridden plan. Start sleeping easier tonight. Call Trip Limehouse

(40:09):
Limehouse Financial eight hundred nine four zero sixty nine seventy nine,
eight hundred nine four oh sixty nine seventy nine.

Speaker 3 (40:24):
We're back on the road to retirement with trip Limehouse.
We are winding up this group drive today as we
cruise on down the road with the windows down, top down.

Speaker 4 (40:34):
We're in a rag top today, Trip What do you think?

Speaker 2 (40:38):
Oh, nothing wrong with that? A little fresh air good
for everybody. And the dogs, you know, enjoined that breeze.
Fozzy and Daisy just hanging out in the back and
Mary called in and she asked about Fozzy and Daisy.
He said I had and brought them up for a while.
They're doing good. The pups are doing good. We just

(40:58):
got Fozzy groomed. He's our labordoddle. And you know, he's
much happier when he's got that clip clip there, you know,
just just so he's got that maybe real hot. I
can't imagine having all that here. I used to have
long hair and I don't anymore. My hair used to
be down, you know, below my chest. A little bit
went back when I was following the Grateful Dead speaking

(41:19):
of the nineties and speaking of the nineties, the nineties,
we talked a lot about the nineties to day, right,
how to not have a retirement like it's the nineties, right.
I thought I would just say that for me, I'm
definitely not doing what I'm telling people to not do,
you know, the plan like it's the nineties, are playing
like nothing has changed. But I will say that the

(41:39):
nineties for me were awesome because that is the time
when my wife Amy and I. And by the way, Honey,
I love you so much. You are awesome, my best friend,
and I just am having the best time with you ever.
But she and I, you know, we did we did
follow the Grateful Dead around and we had a lot
of fun doing that. And so for me the nineties,

(42:00):
that was like a highlight of the nineties going and
seeing the Grateful Dead all over the country. You know,
the furthest furthest we went was probably to uh Portland, Oregon.
And uh, guess so guess who opened with with the
Grateful Dead. It was the Portland Motor Speedway. Guess who
opened this guy, Johnny be Good. That's a hint for you.

(42:22):
Remember Chuck Barry, Chuck Barry and Jerry Garcia on the
stage at the Portland Motor Speedway. Oh man, and uh
this opened up with the rip and roaring go Johnny
go go. I' mean not. I was just like, this
is crazy. So it was so cool but so and
and uh, you know, I wouldn't say that Amy and

(42:44):
I have come full circle now, but since we just
got this camper and we're taking the Road to Retirement
show on the road, literally, we're gonna probably be bringing
you some stories of maybe some people we've met or
meet and and things we learn from them, and also
talking about maybe cool things that we're doing, places that

(43:06):
we're seeing that we might recommend you go see. So
folks just be on the lookout for that on social
media and also here on the show as I'm talking
about how Amy the love my life, my best friend
and just a superperson, how together we're going and working
on the road.

Speaker 4 (43:25):
So but anyway, I look forward to seeing that. Yeah,
it will be Are you going to shoot it on video?

Speaker 2 (43:31):
Yep, we're doing it. We're going to put it on
on video and then put it up online on the
YouTube on the YouTube channel. And I'll be talking more
and more about that as we we're just getting going.
We're kind of cultivating this and yeah, you know it's new,
so we'll just it'll be new and better all the time.

Speaker 4 (43:47):
You know, it'll be fun. I look forward to it.
It'll be great.

Speaker 2 (43:50):
Well, and we'll be doing it together too, because I
won't be able to be in the studio, so you
will be doing shows you know, remotely, you know, from
the camper, you know, So I like it. Yeah, So
I got a before I forget mentioned two events that
we have coming up eight hundred nine four zero six

(44:11):
nine seven nine limehouse financial dot com. That's how you
can find us, folks. We're having two events and I'd
like to personally invite you to either one of them.
They both are no cost or obligation and they both
are social security and income planning workshops. The first one
is going to be Wednesday, the tenth of September at

(44:34):
six pm at the Lexington County Public Library. That's Wednesday,
the tenth of September at six pm at the Lexington
County Public Library, a social security and income planning workshop.
And then the next weekend, on the twentieth, we're going
to have a Saturday event. We're going to serve you breakfast,

(44:54):
no cost for obligation, and we're going to serve you
a lot of information regarding social security and income planning.
The location is the Lexington Chamber of Commerce and it's
going to be at nine am on Saturday the twentieth.
Give us a call and let us know if you'd
like to. At ten, we got to get you on
the roster, so let's jump into some of these questions.

Speaker 3 (45:14):
Steve Sure, I happy to don and Jeanie are up first,
and they are on the lake in Chapin.

Speaker 4 (45:20):
Sounds like a good place.

Speaker 3 (45:21):
To be, and they have they got a question for you,
Don and Jeany. They've built a four point five million
dollar portfolio plus a paid off vacation home, but they're
worried about how estate taxes could cut into what their
kids received. How can someone with significant assets pass along
wealth efficiently while keeping tax exposure as long as possible.

Speaker 2 (45:46):
Hey, Dona, Jeannie, Well, one thing we have in common
is we both love the lake. Matter of fact, speaking
of Fozzy and Daisy, I just had them out on
the boat with us two two weeks ago and we
were just having fun riding around and then jumping in swimming.
So yeah, you know, this is a great question, and

(46:07):
it's a good thing that you're concerned about. How you
can pass on what you've amassed to the next generation
without the government getting their hands in it. Okay, So
that's by the way, I want to commend both of you,
Don and Jeannie for a great job saving I mean,
your portfolio is significant at that four point five million.

(46:31):
You know, we're very familiar with working with people in
right around in that area are typically we're working with
people that have seven figure portfolios over here at Limehouse Financial,
so I can see where you are kind of from
afar and also having your home that you live in
and a paid off vacation home that does add up.
So maybe your net worth could be pushing you know, seven, eight, nine,

(46:53):
ten million bucks. So good news is right now that
the estate tax exemption is so high that you guys
would have to have a collective net worth between both
of you of an excess of you know, twenty six
million dollars before any federal estate tax would be due.
So currently you do not have an estate tax problem.

(47:16):
That's very good news and also very good news. It
is great news and also very good news is that
South Carolina does not have an estate tax, so you
will not be subject to with your assuming that that
vacation home isn't a twenty million dollar home, you know,
he would, you know, Don, Genie, You're not going to

(47:36):
be subject to either a federal estate tax or a
state estate tax. So that's good news. However, that if
you're like a lot of people that we're working with,
Don and Genie, what you're gonna what you probably have
is maybe the bulk of that portfolio that four point
five and in tax deferred vehicles. Okay, so you know

(47:59):
you if you're not already, you're gonna have to start
taking out requirementium distributions. That's going to be massive. Uhh
you know, maybe one hundred and sixty one hundred and
seventy two hundred thousand dollars a year on top of
you know, your current income, and you'll have to pay
taxes on that will take you to the next tax level.
It might cause you to uh be for IRMA to
be a problem. Not IRMO, which is next to chapin,

(48:21):
but IRMA. IRMA. That's when you have to pay more
for Medicare because your income is so high. So you know,
all that kind of runs together. But where I'm going
with this thought as we're talking now, is the the
tax liability on on what you what you pay on
what you're withdrawing is going to be huge. But really
probably I mean, if you're you're called in to day

(48:43):
asking about tax exposure and keeping as low as possible,
passing on what you'd like, uh you know, what you'd
like to go to your your family versus you know,
the government. The key here is when you pass on
a tax deferred asset to someone other than a spouse,
that tax deferred asset is going to lose approximately thirty

(49:03):
percent of its value. So you're, let's just say today
that happened, your four point five million is probably going
to be down by about eight or nine hundred grand
because if it's all tax effered, because it's never been taxed,
you leave it to a non spousal beneficiary, that's what's
going to happen. So because of that, Jonathan O'Reilly my

(49:24):
investment advisor and I we're talking to our clients that
are similar to your net worth, a portfolio wiser, who
have more than you have. We're talking to those folks
about wealth replacement trusts. Okay, it's a great tool to utilize.
So essentially you can leverage your wealth. Now a portion

(49:45):
of your wealth, maybe one or two percent a year,
strategically purchase a life insurance policy inside of an inervocable
life insurance trust. It's non taxable, and then that money
can be used to pay any and all and for
you income taxes that would be due on tax deferred money.

(50:05):
And essentially what this means is all of your wealth
is passing on to whoever you want it to, your kids, grandkids,
or whomever. So as far as advanced estate planning strategies,
we help folks with those all of the time. And
quite frankly, folks, if you have a portfolio that's like
this couple, or even if it's a portfolio that's a

(50:25):
half a million, one of the things I've learned is
that in general, most people want all of their money
to pass on to who they want it to, and
that is not the government. If you can relate to
what I'm talking about, now, give us a call at
eight hundred nine four zero six nine seventy nine and
ask us how to show you how to effectively pass

(50:47):
on the assets that you've worked so hard for to
who you want them to go to. We'd be happy
to do just that for you. So hey, that was
a great question and a link the answer, But I
think that's one that's going to really help some people
out there that are wondering about potential estate taxes, whether
they're federal or state. And also I touched on income

(51:09):
taxes as well. So guys, thanks for asking that question,
and we don't have time for any more today, but
tune in next week for another great episode of the
Road to Retirement Show with Limehouse Financial, and we're going
to continue helping you get to where you want to
go and stay there and be successful. It's very important
regarding this whole thing called retirement. Right now, the next

(51:33):
ten callers will receive a written plan for retirement built
by our team of certified financial professionals at no cost
or obligation. Now, this is individualized and customized just for you,
and you must be one of the next ten callers
to receive it at no cost or obligation. A written
plan for retirement built by our team of certified financial professionals,

(51:56):
no cost or obligation. By the way, folks, you cannot
just call and say they send this to me, email
this to me. You must come in go through our
process to receive this. Hey, I want to thank you
for tuning in to another great episode of the Road
to Retirement Show with Limehouse Financial. Eight hundred nine four
zero six nine seven nine as our number. Visit us

(52:18):
on the web at limehousefinancial dot com. We're gonna do
it all again next week. Make sure you tune in,
But until then, God bless you, take care.

Speaker 7 (52:36):
If you remember these TV shows you're getting ready to retire.

Speaker 6 (52:40):
And everybody see a big pair of feet there, cheesy mustache.

Speaker 2 (52:44):
I'll think of you, you guts well, I hate.

Speaker 7 (52:49):
I'm one guy who ain't prejudiced against anybody who may
be listship pity than me. It kind of sneaks up
on you, doesn't it.

Speaker 2 (52:57):
Oh geez.

Speaker 7 (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 1 (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.