Road to Retirement 09-27-2025

Episode Transcript

Speaker 1 (00:00):
There are many analogies and metaphors you could use to
describe today's current economic climate, economic climate and retiring in it.
You could use the hurricane. 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.

Speaker 2 (00:20):
I'll huff and I'll puff, and I'll blow your hou's down.

Speaker 1 (00:24):
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 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

(00:46):
you need a good retirement specialist on your side. Cull
Trip Limehouse of Limehouse Financial eight hundred ninety four oh
sixty nine seventy nine eight hundred nine four oh sixty
nine seventy nine. Information provided is for illustrated purposes only
and does not constitute investment, tax or legal advice. Information

(01:06):
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.

Speaker 2 (01:19):
Action, wills, trust, taxes. In family dynamics, Oh my gosh.
State planning can feel overwhelming, but the real danger isn't complexity,
it's mistakes. Today we're gonna cover the most common estate
planning pitfalls that can cost families dearly, and we're gonna

(01:39):
tell you how to avoid them.

Speaker 1 (01:41):
Coming up next, do you want to avoid taking a
wrong turn on your retirement roads?

Speaker 2 (01:47):
The road to retirement is a long one, and if
you just don't want to make wrong.

Speaker 1 (01:51):
Bacter, well, buckle up. We're getting ready to take a
retirement road trip together. It's the road to retirement with
Trip Limehouse.

Speaker 2 (02:00):
It's the perfect time amound to map it out. That
road to retirement is key, is key.

Speaker 1 (02:05):
Get on the road to financial security and independence. Just
like many of Trip's happy clients and retirement partners.

Speaker 2 (02:12):
My money is safe using the green line principle that
you taught me about. Thank you so much.

Speaker 1 (02:18):
Let's get this trip started. It's the roads retirement with
Trip Linehouse.

Speaker 3 (02:26):
Welcome on, everybody. This is a road to retirement with
Trip Line House. My name is Steve said all trip
the guy behind the Green Line principle. More than twenty
years helping folks getting too and through retirement. And again
trip always a pleasure. Nice to see you.

Speaker 2 (02:40):
Yeah, it's good to be with you, and it's always
good to be with our listening audience. I hope everybody
out there is doing fantastic and enjoying some of this
cooler weather. I tell you what I mean. I got
my wardrobe situated at like for warm and cool because
it hasn't quite just cooled off yet. But that's okay
with me. I like the warm days. I'm still able

(03:02):
to get out on the boat and go for a ride.
Fozzie and I were out the other day on Lakebury,
and man, he is a laborator. That is one swimming dog.
He could just swim and swim and swim and swim.
And I sloating on my little tube and you know,
I hold on the rope just connected to the boat
so I don't go too far, I mean, and he
was very concerned about me. It's kind of funny. He

(03:24):
came over and started kind of nudging me, and I
was like, oh, we're good, don't worry, and then went
back over the boat. We got on the boat. But
those animals are great. And that's just a great time
of year to be doing things, including thinking about estate planning. Okay, folks,
this is a very serious topic, something near and dear
to my heart. You know, in my twenty plus years

(03:44):
of helping people in the planning world, I've encountered many
who have really taken the bull by the horns and
done excellent planning regarding their estate. And then I've met
many who have just done nothing. So we wanted to
bring this to you and kind of talk with you

(04:05):
through this. I would say that it's not necessarily an
you know, I don't know, maybe an easy thing to
talk about or think about, because Steve, I mean, I
don't know about you, but really, who wants to think about,
you know, their demise? You know what I mean?

Speaker 3 (04:21):
Well, yeah, it's you know, it's not something I want
to wake up and you know, deld into and meditate on.
But it is an important piece of the retirement plan,
and certainly as we as you look, you think legacy,
you think, okay, what happens? I mean, it's you know,
those are all things that really should be taken care of.

Speaker 2 (04:38):
Yeah. And and there's this thought process too that I
have picked up on over the last twenty or so years,
is that some people just think they don't need to
do it, you know, I mean they think maybe estate
planning is just for you know, people who have a
whole lot of money or whatever, you know. And reality
is is state planning is for anybody, anybody who wants

(05:01):
to protect their family and work on minimizing taxes and
really just make sure that their wishes are carried out.
So this is pretty staggering. According to a twenty twenty
three caring dot com survey, two thirds of Americans don't
even have a will's that's kind of crazy, don't you think? Well,

(05:23):
it is.

Speaker 3 (05:23):
And it's so important to have those documents who as
you you know, as you get a little bit older.
And I know what I think, during COVID it was
kind of a wake up call for a lot of
us to say, all right, we need to get these
documents in order.

Speaker 2 (05:35):
Yeah, yeah, for sure. You know, there's often events such
as the pandemic that will kind of make us think
about things differently. I want to, you know, just kind
of piggyback on what you said a minute ago. As
we get older, Yeah, we need to have these things,
and everyone needs an estate plan. But also for those
of you that are listening that are are you know,

(05:56):
younger or really any age you know, everyone needs and
a state plan, everyone needs it. Think about this. You know,
if you don't have a basic will, that can just
lead to confusion for your family if you're not here
any longer, court battles, probate and maybe some unnecessary bills

(06:22):
for a state administration and and things of that nature.
Also this whole subject of beneficiaries, I mean, if if
you fail to update a beneficiary or even to overlook
long term care, I mean those just these are like
big traps that you can fall into. And really we

(06:43):
want to shed some light on how thoughtful planning can
bring you guys out there, both financial security and peace
of mind. And that's a huge thing. So you know,
here at Limehouse Financial, we function from a fiduciary capacity
and we're only making recommendation and your best interest and
this whole estate planning thing really runs right along with

(07:05):
retirement planning. Okay, so it's just a great time to
kind of get your will spinning on how to make
sure you're protected and your family's protected. Eight hundred nine
four zero six nine seventy nine Limehousefinancial dot Com eight
hundred nine four zero six nine seven nine. As I'm

(07:28):
talking about estate planning, if someone out there, which I'm
sure there is, has been thinking about this subject of hey,
I probably should get a will, I probably should have
power of attorney, healthcare power attorney, advanced directives, maybe even
a revocable living trust or something like that. If that's you,
I want you to call me right now because I

(07:50):
want to give you the opportunity to come in and
sit down with us, no cost, for obligation, and talk
about this stuff and perhaps we can sist you in
facilitating your goals of doing estate planning. That is one
of the things we do here at Limehouse Financial. We
don't practice law, be real clear about that, but we

(08:11):
can help you with your state planning. We're structured to
provide you with the ability to get these goals accomplished,
to have a will, a power attorney. So if you're
out there and you don't have those things right now,
call me eight hundred nine four zero six nine seven
nine and just tell me that you heard me talk

(08:33):
about the estate planning and the no cost, no obligation
time to spend with us so we can help you
with it. Okay, So you know what do you think
I mean?

Speaker 3 (08:42):
I want to take this opportunity to mention that you
have an estate planning seminar coming up on the seventh
of October.

Speaker 2 (08:49):
Thank you so much. You're you're so awesome and always
doing that and keeping me straight. Is we're doing the show, Yes,
October the seventh, I would like to invite all out
there to our no cost for obligation is state Planning
workshop where we talk about the things that we're delving
into today on the show regarding as state planning and

(09:09):
the need for it and what it entails and why
to do it and you know how much it costs
and all that stuff. But October the seventh.

Speaker 3 (09:17):
Well, Triump, I know also that I'm sorry, I don't
mean to interrupt you, but I know that this is
something that you and your team have really put this
this seminar together, and I'm hearing good things about it
from others.

Speaker 2 (09:29):
Well, thank you, and then that is true. You know,
every time we open these registration stuff, we have a
plus one hundred people that reserve for it, and you know,
people are coming and they're thanking us for putting them on.
As a matter of fact, I had a lady who
works in an attorney's office and after we did this

(09:49):
latest event, this is state planning event, she came up
to me and she said, I just want to tell
you that all this stuff you're talking about is so
important and people need to understand it, and thank you
for you know, bringing it, you know, out and making
it available for the general public, because it's just not
talked about often enough, and there is this there is
this fallacy that people think, well I may not you know,

(10:09):
I don't need an estate plan or it's just so
expensive I can't do it. And so we're simplifying it
and we're keeping it relative and we're making it available
for all people. But October the seventh, six thirty pm
the Lexington Chamber of Commerce, we're going to have an
estate planning workshop, no cost for obligation. Folks would love
to have you there. October the seventh, six thirty pm

(10:33):
at the Lexington Chamber of Commerce and Estate Planning Workshop.
Come on out and hear me talk more about the
importance of it, how to do it, and the costs
associated with it, because we can help you do your
date planning. But I think this is a big question, Steve,
is you know why, I mean, why do so many
people delay or avoid it?

Speaker 3 (10:55):
You know, because who wants to talk about dying?

Speaker 2 (10:59):
So that's what that's the first thing that comes to
your mind when we when I ask that question, I
think I think for most people that is the biggest thing.

Speaker 4 (11:07):
Yeah.

Speaker 2 (11:07):
I think for a lot of people, estate planning feels
more like something for if you will later, or something
that's only necessary maybe if if you know, somebody has
a whole lot of money. But you know, as we've
already mentioned so far, the truth is, you know, folks,

(11:29):
if you own anything, you need an estate plan, and
if you don't plan properly, you're your estate is going
to get tied up in probate, or if you don't
plan properly, you're going to see assets that are going
to be distributed in ways that you never intended. Now,

(11:51):
I know you're not going to be here, so it
won't affect you, but there are people probably that matter
to you, whom you love, and it would affect them.
So a question for you guys out there in radio
land is do you find that something such as an
emotion like fear prevents you from doing estate planning? Or
do you think that it's just too complex? Or maybe

(12:15):
is procrastination the biggest thing that you're facing. It could
be anyr all those And I get that, Okay. I
hear those things from people and I get that, But
I want to encourage you. You know you're not the
only one, okay, And you have worked so hard for
what you have. Doesn't it just make sense to know
that if you're not here anymore, it's all going to

(12:37):
go to who you wanted to go to or where
you want it to go to. I see a lot
of people out there shaking, shaking their head and saying yes.
So hey, I want you to stay tuned because we're
going to come back and we're going to keep talking
about estate planning, valuable things that you need to know,
and we're going to keep continuing to talk about how
we can help you with it. Remember, at Limehouse Financial,

(12:58):
we function from a foodue share capacity, only making recommendations
in your best interest, including how you can properly do
estate planning. Eight hundred nine four zero six nine seventy nine.
Give us a call Limehousefinancial dot Com. So, if you're
out there and you do not have an estate plan

(13:19):
and you have been thinking about it, okay, and we're
we were talking about wills, power of attorneys, healthcare power attorneys,
living wills, revocable living trust. If you would like to
have something such as what I've just mentioned put in
place for you and have an expert like myself or
like my investment advisor, Jonathan help you with it, show

(13:42):
you how to do it, and save you money in
the process, give us a call right now. Eight hundred
nine four zero six nine seven nine. That's the offer,
A no cost obligation estate analysis eight hundred nine four
zero six nine seventy nine.

Speaker 3 (14:00):
I stick Trip, no cost, no obligation to help you
get a better handle on your financial situation. And really
the whole goal of the show is to help you
make the best decisions for you when it comes to
your retirement. So whether it's a state planning or any
part of the retirement planning process, give Trip a call.

Speaker 2 (14:15):
He can help you.

Speaker 3 (14:15):
Eight hundred ninety four zero six nine seven nine. That's
eight hundred nine four zero sixty nine seventy nine. Quick break.
We're back with a whole lot more here. Ah, I'm
know the road to retirement, but Trip Line House, don't
go anywhere.

Speaker 2 (14:28):
It's state planning. Is state planning? Oh man, It's a
hot topic. Everybody needs to be implementing it. Come on now,
can you care enough about yourself? You've worked hard for
the things that you have acquired. It's really time to
make sure that when you're not here, everything goes where
you wanted to go, how you wanted to go, or

(14:48):
while you're here, if you need help, somebody can take
over and handle things for you. We're talking about it
and a whole lot more coming up next on the
Road to Retirement show.

Speaker 3 (15:03):
Oh, I'm glad you're here.

Speaker 4 (15:04):
I'm not sure how long it's been leaking.

Speaker 3 (15:07):
Looks like it's been leaking quite a while.

Speaker 2 (15:09):
Lucky you called this one, you did.

Speaker 3 (15:11):
I hope you can fix it.

Speaker 4 (15:12):
If I only knew sooner.

Speaker 1 (15:14):
Find the leaks in your retirement plan before you end
up underwater.

Speaker 4 (15:19):
Make sure your retirement plan is above water. Called Trip
Limehouse and the team at Limehouse Financial eight hundred nine
four ohs six nine seven nine eight hundred nine four
ohs six nine seven nine proudly serving Soda City.

Speaker 3 (15:38):
We are back on the road to retirement with Trip Limehouse.
A nice drive going on today. Trip has always guiding
us along the road as he does each and every week,
looking for smooth sailing, avoid the detours, avoid the bumps
in the road. So far, so good trip. And we're
talking about a state planning today, and that is such
a big topic. And I know you've got on a
seminar coming up. We'll talk about that before the segments over.

(16:00):
But you know, I mean, it's not just for the
ultra wealthy, it's for everybody. Everybody needs an estate plan
and that I'm you know, not necessarily everybody needs a
trust or whatever else, but you got to have the
basic documents, yeah, to make sure that things happen the
way that you want them to have.

Speaker 2 (16:17):
To ensure success. That's correct. And and you know, I
have met a couple of people in my twenty plus
years of doing what I do. They just said it
didn't matter to them. And you know what, if that's
you and it doesn't matter, you know, when you're gone
what happens with you know, what you work so hard for.
That's okay. But in general, most people, the majority of

(16:42):
people that we see that we talk to, you know,
they recognize that they need to take action and do something.
We were talking in the first segment about you know,
why people delay or avoid estate planning. You know, it
could just be procrastination, or it could be just avoid answer.
That could be just a lack of understanding. It could
be all that combined in one. You know, at the

(17:05):
end of the day, folks, you know, as I talked
about kind of going into this segment, you have worked
hard for whatever you have. Maybe you only have, you know,
a home, a car, you know, and a couple hundred
thousand dollars in savings. Okay, well it's taken you a
long time to get that and acquire that. Maybe you

(17:26):
have you know, three four five million dollars and it's
you know, taking you a long time to get that. Whatever.
But at the end of the day, no matter what
you have, you need to plan properly. You know. I
often ask people, you, I mean, do you care about yourself?
And you know, in general people, yeah, I do. Okay, Well,

(17:48):
since you care about yourself and you recognize how long
it's taken you to get what you have. Let's take
the steps needed to make sure when you're not here
that that things go where you want them to go. Now,
I will say that the majority of assets that we
see Steve are beneficiary driven. So let me just touch

(18:09):
on that for a minute. So, a beneficiary driven asset,
if you will, be something like life insurance, or an annuity,
or an IRA or a brokerage account. I mean, there's
probably more than that as well. But folks, if you
have anything that has a beneficiary designation, it's important to

(18:34):
know that a beneficiary designation supersedes any estate planning that
you may have done or may have not done. Okay,
so you know that's a positive thing, I believe because
it does save some people from a lot of heartache
and misunderstanding and just you know, confusion. And the reason

(18:56):
is because when someone dies and then a death claim
is filed, the named beneficiary receives that asset. I'm just
it's just real simple. It avoids probate. Uh, it just
goes straight from you know, let's just say an annuity
as an example, to the beneficiary of the annuity, it

(19:17):
just goes straight to them. Okay, but it's a big
problem out there because you know what happens. Steve, you
probably know where I'm going with this on beneficiaries, is sure.

Speaker 3 (19:30):
I mean, if if a situation where maybe there's a
new spouse involved in the old spouse is on the
on the will, well that's that's that's where that's going on.

Speaker 2 (19:40):
That is it's a huge, huge, costly mistake. And and
that would be an example of an outdated beneficiary designation.
And it really is kind of one of the most
common and costly mistakes.

Speaker 4 (19:56):
Uh.

Speaker 2 (19:56):
It's just failing to update a beneficiary on any account
that you have where you can name a beneficiary such
as an insurance policy or an IRA or you know,
an annuity of a brokerage account. And this could happen, meaning
it the beneficiary needs to be updated due to something

(20:17):
like a life change, maybe a marriage okay, that's a
that's a great thing, or divorces occurred, or you've had
you know, children that have been born, grandchildren that are
born have been born, and so as I was talking about,
beneficiary designations override a will or an estate plan, and

(20:39):
that can leave families shocked and and we have seen
this kind of oversight really affect you know, some of
our clients. You know, we had about two years ago,
we brought on a client and very healthy retirement. She
was in a first marriage for her, but it was

(21:00):
a second marriage for her to seize husband. And you know,
they had a mass of you know, seven figure portfolio.
Nice portfolio. So we set up some iras and we
rolled over some four to one k's and we built
them the four letter word that P L A N.
We gave them the written plan for retirement. By the way, folks,
if any of you out there right now do not

(21:22):
have a written plan for retirement and you would like
one at no cost for obligation, call me right now
eight hundred nine four zero six nine seventy nine and
asked me for the written plan for retirement. Okay, we
really need to make sure that's in place. And by
the way, that does entail this estate planning stuff that

(21:44):
we're talking about as well. Right now. Okay, So back
to this client. So she came in and her husband
had passed away several years ago, and we were talking
to her and she said, she said, I have something
to share with you. I would have had, and we
were like, Okay, this is never good when someone said
I would have had. You know that doesn't that just

(22:06):
never sounds good, does it, right? I mean, if something
somebody I would have had. So she says, I will, Yeah,
she says, I would have had five hundred thousand dollars
more than I have currently. But here's what happened. If
folks pay close attention, because this is a story of
things that went awry just because something was overlooked in

(22:29):
the state planning regarding a beneficiary designation. So she she
proceeds to tell us I would have had five hundred
thousand dollars more. Here's what happened. My deceased husband never
changed a beneficiary designation from his first wife on a
life insurance policy that he bought when they were married,
and when he died, she got five hundred thousand dollars

(22:52):
tax free. So this is and and my client had
been married to this gentleman for well over twenty years,
and anyway, there was nothing she could do to contest it.
She couldn't like present it to a judge and say, hey,
pay this to me. I'm the one that was married
to him for the last hire many nothing, nothing. So

(23:13):
that's an example of, you know, where things did not
go too well. So you know, one of the things
that we do for people is we offer a review
of existing policies and beneficiaries. So some of you out
there that that could be a really powerful tool just
to come in, sit down with us and let us
look through what you currently have and who's designated and

(23:37):
make sure that it's how you want it. Eight hundred
nine four zero six nine seventy nine eight hundred nine
four zero six nine seven nine. If you'd like a
fiduciary to sit down with you and look through how
you have beneficiaries designated and make sure that it's up
to date, current and still appropriate, just call in and

(24:00):
ask us for that beneficiary designation review, no cost or obligation.
So folks, just make sure you don't fors sake always
looking at who you have designated to receive. You know,
what you have worked so hard for, whether it's life
insurance that you've been paying for or an assets asset

(24:20):
that you've accumulated. Okay, we're talking about a state planning,
why everyone needs to do it. And as we're talking
about this, I'm thinking of our high net work clients.
And this has been a hot topic because the Tax
Cuts and Jobs Acts that passed that was supposed to
come off the books twelve thirty one, twenty five. Now

(24:42):
it's been made permanent. And of course we all know
that anything made permanent by the government really isn't ever permanent.
But nothing. Yeah, I mean, they'll say, now it's been
made permanent. Okay, Well we'll see how long this takes.
This takes to be undone. But anyway, the TCJA is
now still on the book, okay. And for a good

(25:02):
segment of the population out there, there's this thing called
an estate tax. An estate tax, so federal tax exemptions
are historically high right now at thirteen point nine million
per person. You know, that's always vacillated over time, and
for families with significant assets, that shift could trigger large

(25:25):
tax bills. So you know, folks, if you're out there
listening right now, when you take all of your assets
in they're in excess of that. If you're single or
if you're married, we would double that number. Then you
really need to do careful estate planning because there's a
very large tax that takes place when when someone dies

(25:46):
and they're due to you know they have a high
net worth as much as you know, forty five percent
of an estate can be eroded. And so how we
help you with that is by doing things like an
irrevocable life insurance trust and very careful estate planning to
maximize an estate and to eliminate estate taxes. So, for

(26:06):
those of you out there that are high net worth,
give us a call. Eight hundred nine four zero six
nine seventy nine. Let's talk about how you can eliminate
the government from your estate. We would love to help
you do that.

Speaker 3 (26:18):
That sounds like a great idea, folks, give us a call.
We'd love to hear from you. Eight hundred ninety four
zero sixty nine seventy nine, No cost, no obligation, to
help you get a better handle on your financial situation.
You'll find out things like what your investments are really
costing you because of fees or commissions. We'll talk about
future tax implications, how much you income you can generate
from your savings once you move into retirement. A phone

(26:40):
call is all it takes. Eight hundred nine four zero
sixty nine seventy nine. Eight hundred nine four zero sixty
nine seven nine quick break for us. We're back with
more on the road of retirement with Triplinehouse.

Speaker 2 (26:50):
Nearly one in four retirement plans are looking beyond the
traditional stock and bond mix. Private equity, private credit, and
alternives are gaining traction. But do they make sense for
your retirement strategy. Well, we're going to unpack that coming
right up. In life, there are defining moments you may

(27:17):
kiss the broadc you got a job, buddy.

Speaker 5 (27:20):
Retirement is one of those stand out, exhilarating times.

Speaker 2 (27:23):
Hard pay em.

Speaker 5 (27:25):
Seize the day, meet at no cost with our local
independent team who are here to help coach you along
this journey 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 (27:48):
We're back on the road to retirement with Trip Limehouse.
My name is Steve Sadah. I love the show to
day Trip for talking the state planning. And I know
that that's not necessarily a cheery topic, but it's so
important and and I know it's really important too, Trip,
because you've got the tools that can help us create
an estate plan that will make not only us but
our you know, those left behind happy.

Speaker 2 (28:11):
Yeah, Thank you for circling back to that for sure.
I mean before we get into talking about, you know,
the traditional portfolios for retirement and how they have worked
and are working. Now, let's circle back real quick to
those first two segments where we were talking about estate planning.
I want to emphasize it. If you're out there and

(28:31):
you own anything at all, you need an estate plan.
What do you need for it to be included in
your state plan? What are the documents that you need?
A will, durble power attorney, a healthcare power attorney, a
living will, and perhaps a revocable living trust. Okay, so
as you're listening to me talk about those things right now.

(28:54):
For those of you that don't have those things, give
me a call eight hundred nine four zero six' nine seven.
Nine or for those of you that have those things
that are potentially really old and outdated and you know
you need to, update give me a call eight hundred
nine four zero six nine seven Nine limehousefinancial dot. Com

(29:17):
do not delay or procrastinate doing your estate. Planning it
can be, devastating not only to you while you're, alive
in the event of something like an incapacity where you
need someone to handle your business for, you but if
you're not, here it can be overwhelming and confusing and
just really sad for those that you probably love when

(29:38):
they're trying, to you, know decipher who gets. What and
we just want to avoid all, That, okay we want
to help you do as good as you can in
the planning. Arena and in addition to all of the
other things that we do At Limehouse, financials such as
professional money, management risk management, strategies helping you with medicare

(29:59):
and long term, care life, insurance et, cetera this is
a big part of us helping you with estate, planning
and we have done it in such a way where
you can come into our office no cost or. Obligation
we can talk with you about, this and if you
want to implement an estate, plan there's a very cost
effective way that we can show you to utilize to

(30:23):
have that estate plan set up and we can facilitate
that happening and there's no need to go and meet
with attorneys and all, this and that we can just
show you how to do. It, okay we can really
help you with. This eight hundred nine four zero six
nine seven. Nine and BEFORE i forget, it we are
having an estate planning. Workshop it's going to be On

(30:45):
october the. Seventh it's a no cost for obligation event
and it's going to be at six thirty pm at
The Lexington chamber Of. Commerce it's an estate planning. Workshop
it's going to be On october the seventh at six
thirty pm at The Lexington chamber Of. Commerce love to
have you. There this is your. Invitation you must call

(31:06):
and let us know if you want to. Attend eight
hundred and nine four zero six nine seventy. Nine, okay
take away from the bulk of the show so. Far
today folks get your state planning done and we want
to help you with.

Speaker 1 (31:18):
It.

Speaker 2 (31:19):
Okay so how about things that have been done in
the past regarding retirement portfolios tea that may not work?

Speaker 3 (31:26):
Now, WELL i mean there's plenty of. Things and AGAIN
i think the horizon on the horizon thanks to places Like,
blackrock they're reinventing how we put these retirement plans. Together
where it's looking for private, equity private, credit let's talk about.
THAT i, mean that's a pretty big, departure isn't.

Speaker 2 (31:44):
It, YEAH i do believe. So but think about. It
the classic sixty forty, portfolio it's really under. Pressure and
the reason is, inflation higher interest, rates and a lot
of global, uncertainty you, know and because of all, that

(32:04):
we're really just having to rethink the, formula so to.
Speak and you, know we just wanted, to as you,
say unpack why this shift is happening and what it
does mean for everyday, savers and and we want to
really kind of talk about the questions that our listeners
should be, asking you, know regarding the structure of. Portfolio

(32:27):
so when we talk about a sixty four pole it
sixty forty portfolio as an, example we're talking about sixty
percent in, equities forty percent in bonds or fixed income. Securities,
Okay and so if you're, younger maybe you, know as an,
example a portfolio split like a ninety ten would be more.
Appropriate like my oldest, Daughter, Megan, MEGAN i love you so,

(32:49):
much so proud of, you AND i miss. You by the.
Way she's out out west working right. Now but she
has a portfolio ninety percent of it is, equities ten
percent is fixed income. SECURITY i mean she's twenty. Seven
so her, time, yeah that's a, perfect that's. Perfect her
time horizon is just it's, lengthy, right she can afford,

(33:11):
her she can afford some recovery risks right now because
she's going to be working for quite some. Time, Okay
so but let's take let's let's take somebody who's seventy.
Two all, right so let's just reverse the age or
just you, know transpose the numbers. Whatever, okay somebody who's
seventy two should not have ninety percent equities and ten
percent fixed income income. Securities it might be something more

(33:34):
like fifteen or twenty percent in equities and eighty five
percent in fixed income, securities you, know. Hypothetically, so but
here's the thing that's been a pretty good, rule if you,
will to follow kind of over the. Years but we're
in different times than we've ever been in and AS

(33:56):
i just referred, to you, know higher interest, rates, glow, uncertainty,
inflation you, KNOW i, mean it's it's driving a move
away from the traditional stock bond, playbook which is WHAT
i was just. Describing so think about think about the
twenty twenty two bond sell. Off that was, Huge steve

(34:17):
in twenty twenty, TWO i mean it was, huge, right
and by the, way twenty twenty two was was really
a good eye opener for people about how the market has.
CHANGED i, mean in twenty twenty, two there were eleven
interest rate, hikes the market went DOWN smp down almost

(34:37):
twenty percent year to, date a big eye, opener. Okay
and then people encountering inflation in the last several years
have really seen how that that you, know changes their
purchasing power and it made them rethink their. Portfolio and
then there's this whole thing about bonds that you, know

(34:58):
started really delivering negative returns in some. Years you. Know so,
folks you, know what do you? Do you? KNOW i,
mean how do you shift from something, that let's just
say historically maybe has worked to maybe now something that
can work? Better you. Know one of the ways that

(35:19):
you can shift is by you utilizing the green line. Principle,
okay and pay close. Attention the green line principle is
a safe money strategy where zero is your, hero you
have no downside and you have a lot of, upside.
Okay and it has a feature called a lock in and.
Reset so when you earn, interest that's your new. Number.

(35:40):
Okay you put a half a million in and it
grows to five hundred and sixty eight thousand. Dollars, well
that's your new. Number you'll never have less than that
five hundred and sixty eight thousand. Dollars the Green Line
principle saves, retirement. Okay And i'm not saying it's the
only thing that you. Need i'm saying you need to
have some of, it. Okay so so check out Green

(36:01):
Line principle dot com to learn, more or just give
us a call at eight hundred nine four zero six
nine seven nine and ask us about the Green Line.
Principle the safe money strategy zero is your. Hero you
cannot go, backwards and you, know so let's talk about
let's go back to, uh you, know just as an,

(36:22):
example and fifty to fifty, portfolio, okay fifty percent inequities
and fifty percent in fixed income securities or.

Speaker 1 (36:31):
Bonds.

Speaker 2 (36:32):
Right, so for a lot of our, clients we're analyzing
their existing. Portfolios by the, way, folks if you are
not aware of of like the depth or the breath
of your, portfolio you need to. Be and one of
the ways that you can understand your portfolios by having
us do an analysis for you at no. Cost it's

(36:55):
called The Portfolio Observation. Report it's a non, biased fact
based report built by a, Fiduciary and what it's going
to do for you is help you to understand exactly
what you own in your, portfolio how much you're earning

(37:15):
or not, earning how much you're, paying and really just
help you understand if it's the right portfolio for. YOU
i am offering that to you right now at no,
cost for obligation if you if you need to understand
your portfolio, more which really everybody. Should eight hundred and
nine four zero six nine seventy nine is the number

(37:36):
ask us for The Portfolio observation. Report but going back
to the fifty to fifty, split fifty percent in, equities
fifty percent in fixed income securities and. Bonds, well we're
just talking about in twenty twenty two how bonds did not,
perform often returning negative you, know rates of. Returns, well
this green line principle THAT i just mentioned to, you

(37:57):
it's a great bond or fixed income. Alternative so for
a lot of our, clients we're doing something like half
of their money at risk in a portfolio which we professionally.
Manage the purpose is capital appreciation and out pace. Inflation
and then maybe half of their money in something like
the green line, principle a safe money strategy where they
cannot lose. Anything imagine, that, Folks imagine how good it

(38:21):
would feel to know that what you've worked so hard,
for at least half of it or whatever the percentage may,
be based upon the individual, recommendation you couldn't lose very
valuable for. You these are the things that get you
not only to, retirement but keep you in retirement and
allow you to be independent and successful along the. Way
so you, know there's really a lot of things that

(38:44):
you can be doing along the way to make sure
that you're thinking beyond the traditional stock and bond. Mix
and we're here to help you with. That that's our.
Job we're having fun helping people doing it from a fiduciary.
Capacity making recommendation is only your best, interest and, folks
we'll do it for you at no, cost for. Obligation

(39:06):
and if you like the plan that we build for
you and the recommendations that we give, you and you
understand them and you're comfortable with, it and if there's
a willingness to allow us to help you with your,
money then perhaps you can be the Next limehouse financial.
Client we certainly would appreciate the opportunity to work with.
You we want to help. You eight hundred nine four
zero six nine seven. Nine give us a call right

(39:28):
now for your no cost or obligation time With Limehouse
financial so we can help you with everything and more
that we've been talking about.

Speaker 3 (39:38):
Exactly, trip give us a. Call we'd love to hear
from your eight hundred ninety four zero six nine seven.
Nine the first step is to sit down with a
financial coach Like. Trip something we talked about today's resonates with.
You you feel the need to get that second. Opinion
maybe you just want to make sure your plan is
where it should. Be, well give us a call and find.
Out eight hundred ninety four zero six nine eight hundred

(40:01):
nine four zero sixty nine seventy nine quick break for.
Us we've got another segment to go here on the
road to retirement With Trip.

Speaker 1 (40:07):
Linehouse 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

(40:32):
Limehouse Limehouse financial eight hundred nine four zero sixty nine seventy,
nine eight hundred nine four oh sixty nine seventy.

Speaker 3 (40:42):
Nine we're back on the road to retirement With Trip.
Limehouse we are cruising, along kind of slowing things down
a little bit as we get towards the end of
our journey. Today but it's been a nice, trip as
it always has been a lot of a state talk today.
Trip AND i know for a lot of people that's

(41:02):
an uncomfortable, topic BUT i hope in the conversation that
we had and certainly the way that you laid it,
out you make it a lot less intimidating and makes
it feel like it really is SOMETHING i need to.

Speaker 4 (41:15):
Do.

Speaker 2 (41:15):
WELL i take that as a. COMPLIMENT i appreciate, that
and that is something that we hear from people who
we engage with regarding that topic of estate. Planning you
have big emphasis today on the show on estate. Planning
then you know why you need to do, it how
you need to do, it what it. Entails and, folks
just as a reminder for those of you out there

(41:36):
that have been thinking about it or wondering about, it
or want to know about. It we're here for, you,
okay and we're positioned to help you implement a proper estate,
plan saving you a lot of money along the, way
a lot of time and effort along the. Way real,
clear we don't practice, law but we kind of function
as a quarterback in helping you to get your estate plan.

(41:59):
Together So i'm going to offer it once more AS
i have in the show. Today if you're out there
and you would like an estate plan put together for, you,
okay give us a call at eight hundred nine four
zero six nine seven, Nine and just mentioned that you
heard us talk about the estate. Plan you can come

(42:19):
in no cost for obligation and we can show you
how you, can you, know implement one to protect yourself
and your. Family SO i would certainly appreciate. That, HEY
i got to As i'm thinking about. It, see we've
got some events and on the subject of estate. Planning
we have an estate planning workshop that's coming up On
october the seventh at six thirty pm at The Lexington

(42:41):
chamber Of. Commerce and this is a no cost for
obligation event AND i would like to have everybody out
there you, know know about it and if you're, interested
come on sit down with. Us it's about an hour
long and we talk about all things estate, planning, okay
really kind of clear the air for, you and we
also talk about how we can help you implement that
a state plan eight hundred and nine four zero six

(43:05):
nine seventy. Nine That's october the, seventh six thirty pm
and The State Planning workshop no cost obligation at The
Lexington chamber Of. Commerce and by the, way the next night,
too As i'm thinking about, it we have A Social
security And Income planning workshop that's on the eighth Of
october six. Pm that's going to be at The Lexington Main.

(43:27):
Library Social security And Income Planning, workshop no cost, Obligation
wednesday the, eighth six. Pm i'd love to have you, There.
Folks check our Calendar Limehouse financial dot com under the
events tab and find out where we're going to, be
what we're going to be. Doing we love interacting with
you in person at these events and we do them

(43:49):
just for. You we want to help you out as
best as. Possible, Okay so this one of the ways
we help you out is by taking calls and answering
questions from our listeners and by the, way talk our
listening audience out. THERE i want to tell you how
MUCH i appreciate. You you guys are. Awesome thank you
for tuning in all the, time and we're glad to
be with. You and if you're new to the, show

(44:10):
well good, news you're in the right. Place you, know
we're experts and income and distribution planning and we help
you get to and stay in retirement and have success
and we're having fun helping.

Speaker 3 (44:21):
You.

Speaker 2 (44:21):
Oh, also quick shout out to my. Clients you guys
are so highly. Valued you mean so much to, us
and thanks for allowing us to help you with your.
Planning so give me some of these, Questions, steve let's
get into.

Speaker 3 (44:35):
Them, well let's jump. In number one on the list
comes From catherine And. David they're At chapin on The
lake and what they're, Wondering, well he's seventy two and
she's fifty, eight and retirement is not. Sinking one's ready
for the beach midweek. Matinees the others still deep in
their career and healthcare is tied to their. Job so

(44:56):
hot of couples with a big age gap navigate miss
actual retirement timelines without risking their long term finances or.

Speaker 2 (45:04):
Happiness, yeah that's a that's a great. Question i'm so
glad that that you called in with that. One we
have a lot of clients who you, know there's an
age difference and and you, know it's kind of like
you're a different stage of your. Life AND i would
encourage just an open dialogue between the two of you
about what your goals. Are you, know we're all limited

(45:28):
in the amount of time we're walking on this. Earth
so with the age, difference you, know if there's a
way that you you can agree on time frames and
things you like to, do then you, know let's let's
arrive there, first. OKAY i mean a lot of times
people don't want to quit their. Job they really value

(45:50):
the interaction with their, colleagues and they find value in
their in their work and purpose in their, work and
it's difficult to move out of, that you. Know but
in the same sense of being a younger, spouse you,
know and having an older, spouse you, realize, hey there
is that age, difference and we should be doing things
together because you, know our time is. LIMITED i, mean

(46:11):
and that's not a like being, negative it's just, reality,
right you, know we age and maybe we can't do
things that we used to be able to, do so
we got to take that into. Consideration but on the financial,
SIDE i think this could be the biggest way we
could help is by mapping out a plan for you
and showing you if it's possible based upon your saving

(46:33):
so far and the social security that's already, existing and
maybe there's a pension or something like, that we can
show you how you. Financially let's just be optimistic can,
retire and you can and you don't have to adjust
your lifestyle, financially, okay because that's a big THING i think,
also AND i find too for our clients where there's

(46:57):
a big age. Difference when we help you to understand
that you can be okay, financially then it does enable
you to kind of make that decision from that point
forward as to whether you will, retire want to retire
now or maybe maybe the younger spouse want to ease
into retirement over. Time but, YEAH i mean that's a common.
THING i want to tell. You you're not the only.

(47:17):
One just remember how important you are to each, other
and for most, people a spouse will take priority over a.
Job let's make sure that finances are in, order we
can get you. Retired come on in and see. Us
let's build you that written plan for. Retirement, hey thanks
for listening, in for calling and asking that great.

Speaker 3 (47:34):
Question absolutely and, again, folks give us a. Call we
would love to hear from. You eight hundred and ninety
four zero six nine seven nine is the. Number let's.
See here's another one coming From Marken, doreen Downtown. Columbia
three adult, kids one beach, house zero. Agreements they want
to leave the family vacation home to all their children,

(47:56):
equally but to live across the. Country one wants to
rent it. Out should people consider before passing down shared?
Property and they're a state plan to avoid future family.
Drama just what we've been talking about.

Speaker 2 (48:07):
Today. Trump, Yeah, hey, guys that's a fantastic, question and
it is timely because we've has spent a fair amount
of our time today with you talking about estate planning
and the need for it and what it. Entails so you,
Know i'm going to just circle back to SOMETHING i,
mentioned you, know earlier in the, show a revocable living.

(48:29):
Trust you, know having that beach, house it could be
a great idea to potentially place the first of all
to establish a revocable living. Trust second of, all to
place the beach house in, it because then while you
two are, alive you can determine the final disposition of
who gets it and what happens with it after you're
not here. Anymore so there there often, is you, know

(48:52):
disagreements on what the people who inherit it want to
do with, it such as the one want to rent
it out and the rest want to just use. It,
YEAH i, MEAN i think you can help them in
that area by currently setting up a proper estate plan
so that you avoid any future family. Drama SO i

(49:13):
just go back to. That you, know it's really. Easy
let's get, Together let's talk about the estate, plan make
sure it's in. Place and while we're doing, that let's
review the retirement. Plan, folks if you would like a
retirement plan review or an estate plan and review at
no cost or, obligation call me right. Now eight hundred

(49:33):
nine four zero six nine seven. Nine BUT i want
to just go back to, you. Guys you can make this.
Happen let's just do proper estate planning and clear the.
Air sounds.

Speaker 3 (49:44):
Good eight hundred ninety four zero six nine seven. Nine
give us a, call and here's another one for. You
it is From eddie in. Case he, says even with
one point two million dollars saved and no, debt they
checked their account balances daily and stress out every stress
out over every MONTH. Dip so what can help retirees
manage the emotional side of investing and develop confidence in

(50:05):
there withdrawal?

Speaker 2 (50:06):
Play, Yeah, eddie thanks for. Listening and you KNOW i
would first of all compliment you on your. SAVINGS i,
mean in, general we're working with people that have seven
figure portfolios helping them move to and through, Retirement so
you kind of fall right in the category of the
people that we help the. Most and it's very common

(50:27):
that our clients who have seven figure portfolios are doing
the same thing you're. Doing they're checking account. Balances but
what's not common is our clients are not stressing out
over every market. Dip And, EDDIE i think that maybe
what you don't have that you need as a safe money,
strategy the green line. Principle it protects everything you've worked

(50:49):
hard for zero as your. Hero you cannot lose any
of your money and you have a lot of upside.
Potential so you, know if you're all in the, market
then you're naturally going to check your account balances often
in stress out over every market. Dip but having the
green line principle in place is going to eliminate. That
we don't want the market to control our destiny on

(51:10):
the road to. Retirement So, eddie let's get. Together let's
build you a written plan for, retirement and let's make
sure we include that safe money strategy so that when
the market does, dip you're still feeling confident about where
you're going and what you're. Doing and, folks if you're
out there now and you're concerned about market volatility and
you're tired of the market controlling the direction that you

(51:31):
are going on the road to, Retirement i'd like for
you to just take the time now and make a
note of the green line principle and our phone number
eight hundred nine four zero six nine seven. Nine give
us a, call because we want to help you preserve
and protect your. Money, okay come on in and sit
down with. Us let's build you a, plan no cause for, obligation,

(51:54):
folks and let's show you how to protect your money
so that you don't have to stress out over every
mark could. Dip that's the offer right, now call us
and ask us about structuring a plan for you to
help you preserve and protect your. Money eight hundred and
nine four zero six nine seven. Nine, hey it's been
a lot of. Fun i'm glad that we've been able
to spend time together, today and, UH i want to

(52:17):
encourage you to tune in next week for another great
episode of The Road Retirement. Show visit us on the
web at limehouse financial dot com and until we're together.
Again god bless.

Speaker 6 (52:27):
You if you remember THESE tv. Shows you're getting ready
to retire.

Speaker 5 (52:40):
And everybody see a big pair of feet, there cheesy,
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 maybe
leship py than. Me it kind of sneaks up on,
you doesn't.

Speaker 4 (52:56):
It oh.

Speaker 6 (52:57):
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 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

(53:22):
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 sixty nine seventy
nine or text trip to eight hundred nine four zero
six nine seventy.

Speaker 1 (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.

Speaker 2 (53:58):
Action