Road to Retirement 11-01-2025

Episode Transcript

Speaker 1 (00:00):
Information provided is for illustrative purposes only and does not
constitute investment, tax or legal advice. Information has been obtained
from sources that are deemed to be reliable, but their
accuracy and completeness cannot be guaranteed. 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):
You've worked hard, saved wisely, and now you deserve to
enjoy your retirement without guilt or fear. But how much
extra can you spend without derailing your plan? In this segment,
we're going to unpack practical spending rules that give you
permission to splurge smartly, safely, and without second guessing.

Speaker 1 (00:45):
Do you want to avoid taking a wrong turn on
your retirement roads?

Speaker 2 (00:50):
The road to retirement is a long one, and if
you just don't want to make wrong.

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

Speaker 2 (01:02):
It's the perfect amount to map it out that road
to retirement.

Speaker 1 (01:06):
Is key, is key get on the road to financial
security and independence. Just like many of Trip's happy clients
and retirement partner.

Speaker 2 (01:14):
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 (01:29):
Welcome in everybody. This is the road to retirement with
Trip Limehouse. Trip as a guy behind the green line principle.
He's been helping folks for more than twenty years getting
to and through retirement. Find him at Limehouse Financial limehouse
financial dot com as the website. Check that out as well,
and as always Trip, that's going to be a fun show.

Speaker 2 (01:46):
Oh yeah, we certainly try our best, you know, I
tell you what. In the last twenty years, I've just
really worked hard to make sure that what we're doing
is having fun helping people. And when we're talking about
things that are we certainly take them serious, but we
try to incorporate a lot of fun into it as well.
Especially think about retirement. I mean this is like, you know,

(02:08):
people dream of it as they're working there. I can't
wait till I get there, and and you know, it
should be a really great time of life, a really
fun time of life. But unfortunately a lot of people
get there and they have no plan, they have no
written plan. By the way, folks, if you don't have
a written plan for retirement, call me right now eight

(02:30):
hundred nine four zero six nine seventy nine or visit
limehouse Financial dot com and I'll give you a written
plan for retirement. But a lot of people get there, Steve,
and they just don't have a plan, and they're really,
I don't know, apprehensive about what's going to be happening
and what it's going to look like, and how much

(02:52):
they're going to be able to spend and are they
going to run out of money? All that stuff. So,
you know, as an income and a distribution planning expert,
this is where I come in, and also my investment advisor,
Jonathan O'Reilly. I mean, we really just are thankful that
we can sit down with people on an ongoing basis
and share them how to do this thing. Right. So

(03:12):
you and I were talking about before the show, how uh,
there's there's a lot of retirees, especially those who have
high income or WELP, they find it emotionally difficult to
spend beyond maybe what they have set up is rigid
retirement withdrawal rules, and so that's a big vial.

Speaker 3 (03:34):
Is what has that been your experience. I mean, I know,
because you know. Part of it is just because we
get in that mindset of safe, safe, safe, safe, save,
and suddenly we need permission to spend some of that money.
And the good news is that's what a plan is for.
It gives us permission to spend our money the way
it should be.

Speaker 2 (03:51):
Well, when people have what you said is exactly correct.
And the thing is when people have a decumulation strategy,
they they they just do better. The perplexing thing for
me is that there's so many people out there, folks
listening right now, that have millions of dollars with a broker, planner, agent,

(04:16):
or advisor, and they don't have a decumulation strategy. All
they hear is, oh, your money is doing good. You
can just take out a certain percentage you'll be okay,
or don't worry about it, you know whatever, And and
that just that just bothers me. But I think it's
a disserviced at people. I think that that there needs

(04:38):
to be actually I don't think I know that there
needs to be a very clear written income and distribution strategy,
you know, for the for the retirement journey. There's an
emotional block on spending clearly and some extent, that's great.
I think that that works good for people, but it

(05:01):
has to have some boundaries to it. You know, we
Jonathan and I tell our clients all the time, we
want you to spend your money. We want you to
spend your money. And then sometimes people are like what
And I think that. I think that there's this mentality
that people have that they can't and that's just that's
not good. So even even really affluent retirees, they often

(05:24):
see doing something extra like taking a vacation or I
mean they've been living in the same place forever, they
want to do a home remodel. Sure, I don't know,
maybe they thought about doing a luxury purchase. How we
were working with a retired physician. Uh, and this this
guy just was a great saver, great great saver and

(05:46):
a great client by the way, but you know, about
three million bucks in his portfolio and uh, something he
had always wanted to do was buy a Ferrari. Then
that sounds fun. I think of a Ferrari magnum p.

Speaker 3 (06:02):
I okay, sure that makes sense.

Speaker 2 (06:05):
That tracks maybe because when I was a kid, I
was always watching us like that as a cool dude
in a cool, cool car and a cool he had
a cool gun. I mean, he was just like the Magnum.
He was cool anyway. Yeah, he was cool all the
way around. Uh So, but but this client, you know,
it's like, I've always dreamed of buying a Ferrari, so
we're talking about a luxury purchase that brought that to mind.

(06:27):
And uh but he he had a fear, So we're
tying this into emotions. You know, he had a fear
of spending some of his portfolio to to do something
he had always thought of doing. So he he had retired,
and he had a pension and through the healthcare system
he had worked for also Social Security, and then his
wife had Socialecurity. So these guys have income, no debt

(06:49):
at all. I mean, he just really awesome, like all
the way around outlook for their whole retirement journey. Sure,
And so what we did was we we built them
this written plan that we talk about and they liked it.
They understood it, and they said, hey, what do we
do next. By the way, their favorite thing was the
green line principle, which, folks, if you haven't heard about

(07:10):
the green line principle, it's a safe money strategy where
zero is your hero. You cannot lose any money. You've
got a lot of upside potential, and it can work
really well to save your retirement, Okay, especially when the
market is taking a turn, which it will do. So
for those of you out there that don't want the
market to control your direction on the road to retirement,

(07:31):
you need to call in eight hundred nine four zero
six nine seven nine and ask us about the green
line principle. Will help you with that. So anyway, their
favorite part was green line principle. But we build this
plant form and as a part of this plan, they
didn't even know we're going to do this, but we
put a line item in their plan Steve for a
Ferrari and he told twenty one and it was one

(07:52):
hundred and twenty five grand and we told so yeah.
So they come in, we go through their written plan
with them, and we get to the page where we're
showing them, you know, the breakdown of you know, the recommendations,
and his eyes light up. He's like, what you put
in my financial plan? Me buy to Ferrari. And I

(08:15):
think one of the things that that really people super
appreciate is that we listen to them, and that's a
big difference between a lot of others, you know, just
listening to people.

Speaker 3 (08:26):
Well, when you tell that story, I mean, that's very exciting.
I mean I can't it's like I'm smiling your ear
because it's so fun.

Speaker 2 (08:34):
Yeah, and so so anyway, at the end of the
end of that story is so his eyes light up
and uh and his wife, you know, she'd heard his
dream and she was a part of that dream too.
She wasn't like against it, which was good. They were
on the same page. But he went out and so
he became a client, went out and he bought the ferrari,
you know, and so he pulls up but you know,

(08:55):
he's like, he wanted to show it to us, and
we're like, well, yeah, we want to see it. He
came over the office and so to us, it's just
so cool. But you know, us doing our work help
help him, and it can help others out there, like
you guys who are listening now avoid an emotional block
on spending. And you know this is this was an
expert recommendation. We basically just showed that client that he

(09:19):
wasn't going to run out of money by making a
big purchase a luxury item, something he had always wanted
and he deserved it. We encouraged him to spend his money. So, folks,
you know, one of the things I see a mistake
that people make is they forget that the money is
theirs when they're working with sometimes a broker, planner, advisor,
or agent, and it's almost as if, you know, they

(09:39):
have to get permission from someone else to spend their money.
And that's just not how we work around here. We
build plans that include you doing things that you've always
dreamed of, whatever, remodel in the house, buying something super special,
taking a trip out, whatever it might be, giving money away,
and we help you do it. But we do it
in such a way where we follow a process. Stephen,

(10:02):
and I think that's the most important thing is you know,
us functioning from that fiduciary capacity, only making recommendations in
a person's best interest, showing people how to do the
things that they want.

Speaker 3 (10:12):
You know what I mean, I do know what you mean.
Trip and folks, if you'd like to get ahead starter,
it's a phone call away. Eight hundred ninety four zero
six nine seven nine eight hundred nine four zero sixty
nine seventy nine. Let's talk about this is zero point
one percent rule and popularized by a guy named Nick mcgooley.

Speaker 2 (10:31):
It sounds interesting, Yeah, yeah, And what we're referring to
is an is an oracle from Kiplingers which we like
to lean into. And this rule says that you can
spend point zero one of your net worth per day
without seriously impacting your long term capital, so without eroding

(10:55):
what you have and derailing your retirement. So it's so translation,
let's just say somebody has five million dollars, Steve, all right,
Well that seems reasonable, yeah, what that would mean, And
that's you know, I mean typically we're working with seven
figure portfolios around here, so I mean this you be
right in line with what we're customed to. So you know,
if someone had five million bucks using that point zero

(11:17):
one rule that we just mentioned, that'd be five hundred
dollars a day that they could spend, or almost fifteen
thousand dollars a month. So you know, you just had
to scale that too, though. I mean, if someone has
half of that two point five million, you know, that's
two hundred fifty bucks a day. So I think that
that can be really kind of a way to frame

(11:41):
up what maybe people can do moving forward. But at
the end of the day, we're going to come back
in a second continue to talk about this, but at
the end of the day, what it all comes down
to is working with someone that really cares about you,
that knows what they're doing, that has experienced background ability
to put together a written plan for you that's going

(12:04):
to get you where you want to go and keep
you there so you can have an independent and successful
retirement and you can be in control. Folks, we want
you to spend your money, we want you to do
it in a smart way. We want you to have
a fantastic retirement. In order to accomplish that goal, what
you can do right now is pick up the phone
and take advantage of this offer for the next ten callers.

(12:26):
It's for a written plan for retirement, individualized and customized
just for you. It's built by our team of certified
financial professionals. And as a side note, you can't just
call in and ask us to mail this to you
or send it to you. You must come in, go
through our process and we'll give it to you no cost,
for obligation, a written plan for retirement just for you.

(12:50):
You must be one of the next ten callers.

Speaker 3 (12:52):
Sounds great, Trip, Do give us a call. It's eight
hundred and ninety four zero six nine seven nine. That's
why we're giving you the opportunity to review your individual circumstances.
Just like Tripp said, no cost, no obligation. You'll find
out things like how much risk you're taking? How about
red flags that could be a problem for you down
the line. Do you really know what you're paying in
fees or commission? Find out by giving Trip a call.

(13:14):
What about potential tax liabilities? And of course, a lifetime
retirement income plan that includes maximizing that Social Security benefit.
Take advantage of this complimentary review by calling us right now.
Eight hundred ninety four zero sixty nine seven nine. Eight
hundred nine four zero sixty nine seventy nine. Quick break
back with more on the road to retirement. What's your blindhouse?

Speaker 2 (13:32):
Right after this unpacking practical spending rules that give you
permission to splurge. Oh yeah, here we go. It's a journey.
We want you to have fun. We want you to
feel good about what you're spending when you're spinning it,
and know you're not going to run out of money.
We're going to talk more about that coming up next.

Speaker 3 (13:56):
Oh, I'm glad you're here.

Speaker 2 (13:57):
I'm not sure how long it's been leaking.

Speaker 4 (14:00):
Looks like it's been leaking quite a lot.

Speaker 3 (14:02):
Lucky you called this one.

Speaker 2 (14:03):
You did.

Speaker 3 (14:04):
I hope you can fix it.

Speaker 5 (14:05):
If I only knew sooner.

Speaker 1 (14:07):
Find the leaks in your retirement plan before you end
up underwater.

Speaker 5 (14:12):
Make sure your retirement plan is above water. Called Trip
Limehouse and the team at Limehouse Financial eight hundred ninety
four oh six nine seven nine, eight hundred ninety four
oh six nine seven nine proudly serving Soda City, We're
back on the road.

Speaker 3 (14:32):
To retirement with Trip b Limehouse. I always enjoy these
drives every weekend trip, and we've been taking this road
towards retirement for a long time, you and me. I
mean there's over I don't know, there's almost three hundred
podcasts out there that you've done.

Speaker 2 (14:45):
I love that, and thank you for bringing up the
podcast too. I mean a lot of people are listening
and maybe they're in and out of the car or
you know whatever, and they'd like to listen to us
the full show, and we so with intention we do
turn it our rate your show into a podcast, and
so what what what Steve? What people can find in
what Google, Apple, Spotify, what anywhere.

Speaker 3 (15:08):
Platform that streams you can find trip Limehouse and the
Road to Retirement.

Speaker 2 (15:13):
Yeah, just search it up Road to Retirement with Limehouse Financial.
And also people you can subscribe to it and that's
always a good thing and that makes me think of it.

Speaker 4 (15:24):
Yeah.

Speaker 3 (15:24):
I send it out every Friday at noon.

Speaker 2 (15:26):
Yep, so people get coming into their inbox and it
makes me think of the TV show too. I just
got to plug that The Road Retirement TV show. We're
on ABC, NBC and CBS throughout the weekend. Uh, it's
a thirty minute program, The Road Retirement Show. Sometimes people
wonder where to find us at Limehouse Financial dot com
is the website and under under resources you can find

(15:49):
out where we are. You can actually plug right into
the show, the TV show. We put that on our
website or the or the podcast. So make sure you
guys do that. We appreciate, appreciate all the listeners out there.
You guys are awesome. I mean, our our fan base.
It sounds weird to say that, but I mean I
think it is, you know, people who really appreciate and
listen to us. It continues to grow and we know

(16:11):
that because you know, people call in and set up,
you know, times to meet with us, and sometimes people
call in just to say thanks, which we appreciate too.
So for all our listeners out there, thank you very much.
And if you're new to the show, well welcome in.
We're having a great time. Quick shout out to my wife,
my best friend. I love you so much. She's always
a big encourager h and giving me ideas and and

(16:33):
things like that. Amy, I love you so much. I
think it was last week's show, Steve, we were talking
about decumulation and how Amy brought up an article she
read about how people retire and then they're afraid to
spend their money. And so the first segment that we
talked about that and then we're just continuing to talk
about it. We talked about an emotional block to spending
and you know, maybe some rules. So in between segments,

(16:58):
we were looking at this another rule I hate. Do
you like rules? Are you a rule follower?

Speaker 3 (17:04):
Well, you know, I am kinda. It's my military background.

Speaker 2 (17:08):
So so you've known me for a long time. We've
been working half a long time. What would would you
say I'm a rule follower.

Speaker 3 (17:14):
I would say you're not a rule follower. I'm saying
you are a trailblazer.

Speaker 2 (17:19):
Free spirit, make my own way, you know, I mean
within reason, and it's Amy has to reel me back
in at times. But you know, I kind of being
unconventional or whatever. I just I don't know. Free spirit
kind of sums me up. But you know, I think
that everything can be how you want it to be.

(17:42):
You can kind of formulate it and make it yours,
you know. And and the same applies to this whole
spending during retirement. The we do get a lot of
clients and they just have no no fear of spending.
Like during retirement there's like I'm just gonna, you know whatever, whatever,
And sometimes you know, we have to reel them back

(18:04):
in and say, listen, we really need to create a budget.
By the way, folks, if you're if you don't have
a budget or know how much it costs you to live,
just go to that limehouse financial dot com website and
under the resources tab, pull our budget sheet out and
print as many as you want. Fill it out. And
for those of you who have not yet retired, I
want you to start formulating your retirement budget and work

(18:27):
towards living on your retirement budget now before you retire,
because then when you exit on the road to retirement journey,
it's going to make it a lot easier if you
do transition financially. Okay, So so back to the rules
thing that we're talking about. This was a you and
I in between segments. We're talking about the gains in portfolios, right,
or hopefully gains important games.

Speaker 3 (18:49):
That's what you want, and so the theory of that
you can spend the gains but no more. In other words,
if you've got a good year, you can spend everything
you made, but don't spend any more than that. I
don't know that is that our rule? Is that a
good thing? I don't know if that that's a good.

Speaker 2 (19:02):
Thing or we can tie that into Some people say
I just want to live on the interest. I think
that's a comment.

Speaker 3 (19:07):
Is that kind of what they're saying?

Speaker 2 (19:09):
Yeah, I think when people I think there's a parallel.
There might not be the exact same as the spend
the gains rules, but with the spend the gains rules,
this kind of turns upside down the idea that only
income or dividends are for spending it, you know, it
kind of gives a person permission to skim from surplus growth.

(19:33):
So a question for people who might you know, be
operating in this realm of spending the gains, it would
be what what safe assumptions or what benchmarks should you
use before declaring gains that you can spend that That
that would be something to ask yourself.

Speaker 3 (19:51):
You know, well, what's the answer.

Speaker 2 (19:54):
Yeah, I mean, it's going to be different for every person,
it really is. It's going to be based upon you know,
their their their lifestyle goals. What is their retirement income?
Need you know? What is their life lifestyle goals? Need
you know? Like we talked about, you know, in the
first segment, that client we brought on that physician, retire
physician who wanted to buy that Ferrari and did you know,

(20:17):
I mean that was that was a thing for him.
I want people to dream big, folks. I want you
to dream big regarding retirement, Okay, and not only that,
I want you to be comfortable with that dream. And
here's what I here's what I've seen and observed in
over twenty years of helping people just like you exit

(20:40):
on the road to retirement journey and stay there and
be successful. What I've what I've seen is that the
people that have the four letter word, the P, L
A N. The plan, they do better. They just do better.
And and these things that we're talking about now, you know,
spending money, how much to spend it's it's well defined

(21:02):
for them, and they follow that plan and just things
are they work better. So you know, if you're out
there right now and you're listening and you do not
have a written plan for retirement, specifically an income and
a distribution plan, call me right now at eight hundred

(21:22):
nine four zero six nine seventy nine and just ask
us to help you with an income and a distribution plan.
We're talking about spending your money during retirement. What else
is it for? I mean, you know, that's a that's
a question we asked even when we meet with people
at the conference table, is what's the purpose of this money?

Speaker 3 (21:43):
And well, the purpose determines placement.

Speaker 2 (21:46):
Yeah, totally, Yeah, you got it right. But where are
we going to put it? What are we going to
do with it?

Speaker 3 (21:51):
You know, is it going to go to work for me?
How is it going to yeah? Sustain me?

Speaker 2 (21:57):
Yeah? And really at the end of the day. Decumulation
is a wonderful thing if it's done properly, but there's
got to be guardrails and and thresholds and monitoring. It's
it's kind of like a long and winding road. And
as we all know, we drive down the interstate and
we see these guardrails. They're there for a reason, right,

(22:21):
just give you a buffer between going off the road.
You know, you're like, I got to stay in my lane. Folks.
It's important to stay in your lane during retirement. So
I think for people out there steve to avoid over
indulgence that boundaries were they just they have to be
built in, you know, coming up with maybe an annual

(22:45):
maximum if you will, or or just something simple like
having a an account that has enough liquidity in it
in case something arises. I mean, I don't know, you
know how many times for you? I mean, what have
you seen? What kind of emergencies have you've seen come
up that were unexpected that you just you know, had
to grab some cash and pay for. But what are
some things that you've seen in your life?

Speaker 3 (23:06):
The one that what happened, well, just before we moved
into this house, we had to buy a new HVASA system.
I mean it it just died and there was nothing
else you could do. I mean you had to do
it now, right and again Yeah, that's I mean, you
know that's that was about fifty five hundred bucks.

Speaker 2 (23:22):
Yeah, just out of the blue boom one day, it
was working next day, is not six grand here you go? Yeah,
so that that buffer account. I mean that that's a
great example. And the thing it could sometimes it could
be helping a grandchild. Sometimes it can be an unexpected
medical emergency. By the way, folks, h according to according

(23:44):
to research, for a married couple a sixty five and over,
you can expect an excess of three hundred thousand dollars
of out of pocket medical expenses over and above what
Medicare covers. And we've talked about that before in the show,
but I like you bring it up over and over
again because people need to know you can't just count
on Medicare in a supplement plan to take care of everything.

(24:04):
And by by the way, this is open enrollment season
and Medicare season, So if anybody out there needs help
with Medicare, we're a full service firm here and we
can help you. Not only that, but We function from
a fiduciar capacity and we only make recommendations in your
best interest and we're not tied linked or obligated any
one particular company. We were brokers, so we can go
out and find out what's best for you and then

(24:25):
put it in front of you and make that recommendation.
So if you need some help with medicare right now,
you can give me a call at eight hundred nine
four zero six nine seven nine. But you know, for
high earners, there's there's a there's portfolios, and most of
the portfolios we're working with are in that seven figure range.
They're they're they're great, they swing in value. And so

(24:48):
back to the buffer. A guardrail is going to help
you prevent emotional overspending during market euphourio when things are
just so hot, and also panicked by eyeing when things
are down. So my question for you guys out there
is what kind of guardrails or automated checks do you

(25:10):
have to make sure you're you're you know you're gonna
do this journey and be successful. One of the one
of the things that you can implement. I can share
this with you right now, folks, is UH is a
written plan for retirement. And and if if you're before retirement,
are about to be retired, or you're in retirement and

(25:33):
you do not have an income and a distribution plan,
a written plan for retirement, you're you're making a mistake, okay,
and that's a wrong turn that could lead to a
dead end on the road retirement. So I want you
to take advantage of this offer right now. It's for
the next ten callers in the next ten minutes, and
it's for a written plan for retirement, individualized and customized

(25:55):
just for you. There's no cost for obligation. It's built
by our team of certified financial professionals, and it can
be yours. Eight hundred nine four zero six y nine
seven nine.

Speaker 3 (26:07):
And it's advice like that that shows you just how
important it is to meet with a financial coach like Trip,
somebody who really understands the ins and outs and ups
and downs of the financial world. We invite you to
take advantage of this opportunity, make sure that you are
on the right path. That path is based on things
like your risk preferences, your budget, and of course your goals.
Eight hundred nine four zero sixty nine seven nine eight

(26:28):
hundred nine four zero sixty nine seven nine quick break
for us. We have got lots more road to retirement
with Trip Linehouse coming right up.

Speaker 2 (26:36):
If don't let your retirement strategy live in the past.
In this segment, we're going to walk through five essential
upgrades to bring your retirement into the twenty first century
and make it more resilient, flexible, and aligned with your goals.

(27:00):
In life.

Speaker 6 (27:01):
There are defining moments.

Speaker 2 (27:02):
You may kiss the bride you got the job, buddy.

Speaker 6 (27:05):
Retirement is one of those stand out, exhilarating times.

Speaker 1 (27:09):
Hard pay em seize the.

Speaker 6 (27:12):
Day, meet at no cost with our local independent team
who are here to help coach you along this journey.

Speaker 4 (27:19):
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 (27:34):
We are back on the road to retirement. Do with
Trip Limehouse. Having a nice drive today. It's always smooth
sale when you're driving with Trip, he knows how to
get us there, avoid the detours and the bumps in
the road, and it all goes back to well, just
putting the right plan together for the right people, and
certainly the green line principle doesn't.

Speaker 2 (27:53):
Hurt that dry doing it the right way at the
right time, and we're having fun helping people. Jonathan, my
investment advisor, I tell you what. Who we were having
a conversation last week about just how rewarding it is
to sit down with everyday hard working people and talk

(28:15):
with them about this next stage in their life and
share with them how they can do it better. And
quite frankly, that's what people want to know, is how
can I do better with what I have and with
what I've saved, you know, And we're here to help
with that, folks. So I just got to say, if

(28:35):
you would like to do better or know if you
can do better, I don't know. Maybe you are doing
as great as you can, but maybe there's a chance,
maybe there's a chance that you could do better with
what you have and with where you're going and all
that stuff. I just I want you to pick up
the phone and call right now eight hundred nine four

(28:57):
zero six nine seven nine and just mentioned that you
heard me talking about the possibility of you doing better
in retirement. Potentially we could help you with that. But
we're just having fun helping people. So there's a lot
of a lot of high earners Steve out there, and
they approach retirement with let's just say models and assumptions.

Speaker 3 (29:23):
Right. Well, it's because I think you know that they've
accumulated their wealth and they've been told things over the years,
and this is how their head works, and that's fine.

Speaker 2 (29:30):
Right, Yeah, And they're used to hearing things like that
sixty to forty portfolio or whatever. They're used to hearing
things about maybe having a fixed withdrawal rate like the
four percent rule, or or passive investing. Is the is
being the backbone. But here's the deal. The world has changed.
I've seen that. How about you changing the world? Yeah?

(29:53):
Every day, you know, you know what changes too. I mean,
speaking of world changes, the market, the market changes. The
market is so interesting to follow and and we've talked
about it many times and probably will continue to talk
about it. How there's so many different things that affect
the market. Things around the world. I mean, like in

(30:15):
any given time, if there's a conflict that arises, or
that is going on, or you know, progressing, the market
reacts to it. Legislative changes, you know, affect the market. Gosh,
there's just so much. And people succumb to the market

(30:37):
determining their direction on the road to retirement. I know
we were talking about a little bit earlier in the show,
and my question for folks listening right now is, you know,
do you want the market to control your destiny on
the road to retirement journey? You know, do you want
it to take you here or take you to places
that I mean, let's face it, it's great when it takes

(30:57):
you to nice destinations when the market takes these nice destinations.
I like nice destinations, very nice. Yeah, especially when I'm
going to these nice destinations with my wife, of course,
whom I love so much. We you know, we were
fortunate to do traveling. It's fun. But you know, when
you end up in a place where you never thought

(31:18):
you'd be, you're like, well, how did I get here?
What happened? And that the market can take people to
a place like that that doesn't look good In particular,
what I'm thinking about right now is if if if
a person is relying on something like an old rule Okay,
we'd like but just mentioned the the four percent rule
or whatever, you know, if they're fixed with raw all rate, right,

(31:41):
if they're relying on something like that, well, let's just
say somebody has a million bucks and there were draw there.
You know, they're going to take four percent out of here,
so forty grand. Now, if the market is doing great
or even just somewhat okay, and they're taking four percent out,
then that portfolio should kind of hold up and do well.

(32:02):
But there's this thing called sequence of returns risk, and
a lot of people don't even think about that. So
a person could get accustomed to taking a set amount
out of their portfolio per year, and then the market
goes down, right, So that same million bucks is underperforming
because of the market. Maybe it's down, you know, twelve

(32:23):
percent or something in a year, and then that person
is still taking out four percent. It means their portfolio
is down sixteen percent. I mean, that's a whole lot
of interest that they have to earn just to get
back to where they were before the market went down.
So folks don't discount this sequence of returns risk. As
a matter of fact, somebody out there listening right now
has encountered what I just described, and you'd never want

(32:45):
to encounter it again. Well, all I can say is
give me a call eight hundred and nine four zero
six ninety seven, and I'll teach you how to never
succumb to that. Again, I'll mention it right now, the
green line principle. It's a great strategy.

Speaker 3 (33:00):
It is well, it's a safe money strategy. That's what
we're talking about. And again, for to be able to
keep our money safe and still have the money we need,
that is how you avoid that. You know the sequence
of returns and it's it's it's such a critical piece
and people really do need to understand that.

Speaker 2 (33:20):
And and what we see is most of the time
it is missing that nobody's talking about it. So we
were brought on a sweet new client. This is about
four months ago, and she just was a hard working woman,
uh an educator. Fortunately she has a pension and social security.

(33:44):
But she'd managed to you know, create quite the nest egg.
And you know what had happened was she she was
functioning and doing stuff on her own. She was functioning
in the capacity of things that were old, that used
to work. Well. Right, she figured, I'm a certain age
and I can have a certain my portfolio structured a

(34:06):
certain way, and I'll give it to her. She had
done a great job. Well, she heard us talking about
old and new and you know, can you do better?
And So anyway, she came in and she became a client,
and what we taught her was that by implementing a
safe money strategy like the green line principle, and also
by having professionally managed money done from a fiduciary capacity

(34:28):
with recommendations, made it in her best interest that she
could do better. We demonstrated that to her in the
form of a plan, and she chose to implement the
plan because she liked it, was comfortable with it, and
understood it. Which, by the way, folks, that's the only
thing we ask of you when you come to see us,
is when we build you these plans, if you like them,
understand them, and are comfortable with them, can we help
you with your money? She said yes. As a matter

(34:50):
of fact, she said, what do I do next? Anyway,
fast forward, you know, from her being becoming a client,
she's called like three times and says has said, this
is great. I'm so thankful that I did this because
on the on the safe money strategy side, she she
can't lose any money, and on the professionally money managed
money side, she knows it's gonna do what it's gonna do.

(35:12):
We can't control the stock market it has been doing
pretty good for her, but it just it changed the
way that she was able to operate, you know, during
the retirement, which is important part of her life. And
that's kind of what we were talking about earlier with
the you know, permission to spend your own money thing right.

Speaker 3 (35:27):
Right exactly, and again to to be able to do
that and to have you know, you were talking about
alternative investments. We're talking about diversifying your income sources, not
just asset classes, you know. I mean again, those those
are all topics that need to be addressed.

Speaker 2 (35:45):
Yeah, on the diversifying income sources, not just asset classes.
We got we got to think about this. We gotta
consider social Security for one, K distributions, IRA distributions and pensions,
all that stuff that they should be just kind of
like a f foundation, uh, and then kind of layered,
if you will, you know, with other you know, other

(36:06):
things like the Greenline principles, safe money strategies. Uh, maybe
some rental income if people you know, hold hold real
estate in their portfolio. Sometimes part time ventures, if if
that's a choice for people, we want we want part
time things to be a choice for people, not a
not a necessity, right, and and then overall and a

(36:27):
person's retirement plan. I think it comes down to we
just want multiple if you will legs uh, you know,
so a shock to one source, if you will, doesn't
derail everything. And oftentimes we see that some of this
stuff is just neglected. There's not multiple sources, you know, Steve,
you just mentioned something great to alternate investment, you know,

(36:49):
for for income enhancements. I mean, there's just so much
out there that that people can take advantage of. I'm
thinking too overall, well, people reevaluating their withdrawal strategy, their
withdrawal strategy that that can that can make a huge
difference on on what's going on. So I know a

(37:09):
lot of people out there listening maybe are already retired,
and I want to just reiterate that we can help
you also. I mean, there's no there's no boundary if
you will for us on our end, we help people
who are about to retire or you know, are retired.
But for the people specifically that are already there, reevaluating

(37:31):
your withdrawal strategy really could be something that would be
healthy to do. And also you can learn it if
you could do better. You know, sometimes you got to
just adjust and maybe that withdrawal strategies Steve for people,
maybe they need to spend more money. That'd be awesome
to tell somebody, Hey, you need to spend some more
of your mind.

Speaker 3 (37:49):
You know, well that's a that's going to be a
cool part of your job.

Speaker 2 (37:52):
It's great. It's great to tellp in there like what
I need to spend more money? Yeah, you should spend
more money. You know. That goes back to earlier I
was talking about, you know, Amy mentioning people get their
retirement and then a lot of times they have a
hard time from that point forward spending their money. We
don't want that to be you, folks. We want you
to really grab a hold of this whole retirement thing,
embrace it, not have anxiety fear over it. And I

(38:17):
know one way you can do that, and that's by
calling us right now and getting your written plan for
retirement that we talk about all the time. It really
is the key for your success moving forward. Okay, And
I'm offering it to you right now at no cost
for obligation. The next ten callers, I'm going to give
it to you. It's built by our team of certified
financial professionals. It's individualized and customized just for you. You

(38:39):
must come in to receive this. We're not going to
mail it to you or send it to you via email, okay,
but it's individualized, customized, just for you. No cost, for obligation,
a written plan for retirement. Come on now, there's a
certain sensurgency here. Next ten callers in the next ten minutes,
and it's going to be yours. We want you to
be really really set up for success.

Speaker 3 (39:00):
You will find success. Get Trip a call. It's eight
four eight hundred nine four zero six nine seven nine. Really,
there's no cost, there's no obligation to help you get
a better handle on your financial situation. Find out what
your investments are really costing you because of fees or commissions.
How about future tax implications, and how much income can
you generate once you do move into retirement. The first
step sit down with a financial coach like Trip eight

(39:22):
hundred ninety four zero sixty nine seven Nine's how you
get started. Eight hundred nine four zero sixty nine seventy
nine quick break for us. We're back with another segment
here on the road to retirement with Trip Linehouse.

Speaker 2 (39:32):
What if retirement isn't just a twenty year journey, but
a thirty or even a thirty five year chapter of
your life. In this segment, we're going to explore how
to prepare for a long and meaningful retirement, not just financially,
but in terms of purpose, legacy, and lifestyle. We'll discuss

(39:54):
how the ninety plus rule is reshaping smart retirement planning
those who want to live long and prosper.

Speaker 1 (40:08):
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

(40:28):
Limehouse Financial eight hundred nine four zero sixty nine seventy
nine eight hundred nine four oh sixty nine seventy nine.

Speaker 3 (40:43):
This is the Road to Retirement show with Trip Limehouse.
The Trip has been helping folks better than twenty years
getting two and through retirement. So one of the again
key areas is that green line principle. We'll talk about that.
I like what we're going, where we're headed into this segment, Trip.
I mean, you know there's there's lots of things out
there that we can you know, that that are new

(41:05):
and you know, we need to kind of move on.
And one of the things that we were talking about
is embracing technology and smarter tools. That's sometimes easier said
than done, because change is hard.

Speaker 2 (41:16):
Trip, Yeah, it definitely is. And I think for a
lot of people, just embracing help in general, not necessarily
with financial planning, but just in general. You know, anything
can be challenging. We all like to be independent and
in control, and in particular during this retirement stage is

(41:40):
retirement journey getting there and then also staying there. I mean,
this is a certainly a strong desire from everyone that
we talk to to accomplish both of those goals of
being independent and in control, and you know, so we
talk about ways to do just that, and definitely technology
is one of the things, but also you know, choosing

(42:01):
and it is a choice to work with an expert
like myself, like my investment advisor, Jonath O'Reilly. That's one
of the things that's gonna enable a person to just
do better. We've been talking a lot about that on
this show today, doing better, and you know, we're just
we're seeing people live longer. We have clients who's you know, parents,

(42:25):
parents are still alive. I mean a lot of them,
but there's some that are over one hundred. You know,
I don't though, I mean, think about this. It used
to be a shorter journey a retirement used to be
maybe I don't know, to fifteen twenty years. But a
lot of people now that retire in their mid sixties,
you know, Steve, they could live to ninety or ninety five,

(42:45):
maybe even one hundred.

Speaker 3 (42:46):
You know, well, I know, and they certainly are. Every
day we see more and more people being you know,
living over one hundred. I mean, I look at the
obituaries and you know, yeah, there's a lot of people
in triple digits.

Speaker 2 (42:59):
Well, I mean that better healthcare people, you know, implementing
lifestyle changes, people are living longer. So it's kind of
led to a new way of thinking. The you know,
the the ninety plus if you will rule of retirement. Translation,
people have to plan as though they're going to live

(43:19):
into their nineties and then that might sound simple on
the surface, but it really does change everything. You know,
how you withdraw money, when when do you file for
Social Security? How are you going to plan for something
like long term care and then how do you protect
your legacy? So you know this having this type of

(43:41):
a mindset, or in particular, working with experts like myself
and Jonathan that have that mindset that can help you
to have that mindset, the result is it's going to
be more resilient retirement plans, and folks, that's really what
you need. See if you and I were talking about

(44:01):
like a Q and A this ninety plus rules, let's
just about it.

Speaker 3 (44:05):
All right, trip, let's run down some of these questions.
Maybe we can figure stuff out. And let's start with longevity.
I mean, obviously longevity matters because well, we're living a
lot longer and that can be a problem.

Speaker 2 (44:18):
Yeah, hands down number one risk people face. This is
why it matters is because you don't want to outlive
your money. I mean, so simple answer. Longevity risk matters
because you don't want to outlive your money. You don't
want to be forced to go back to work. And
quite frankly, a lot of people just think retirement is
going to be you know, shorter, twenty years. Who knows,

(44:40):
I mean, nobody ever knows how long we're going to
be around. But you know the fact is we are
living longer there, we just are. We're going to be
We need to plan for longer retirement. So I mean,
modern life expectancy is changing. That's no doubt about it.
As a matter of fact, for a healthy couple in
their sixties, really is a strong chance that one of

(45:02):
them is going to live well into their nineties. And
so that really does reshape the conversation that we have
with clients, especially for those who want to retire early
or travel a lot in the first phase of retirement.
It really does. We had something happened, and it isn't

(45:23):
the first or last time that it happened. It was
just wonderful. As a matter of fact, speaking of like,
you know, life changing, this client said to us these
words after we implemented the plan. This has been life changing.
I'm talking right now about a younger retirement age. They

(45:46):
were both fifty six years old, I believe, didn't think
that they could retire. They had quite significant savings seven
figures plus, but they just didn't think they could retire.
They saw some TV which, by the way, folks, make
sure you tune into the Road to Retirement show on
the weekends. We're on all three networks ABC, NBC and
CBS the Road to Retirement TV show check it out.

(46:11):
But they saw us on TV. They came in and
we built them a plan. As we do. We presented
it to them and the only thing we asked is, hey,
if you like it understanding and they're comfortable with it,
can we help you with your money? They said, sure,
what do we do next? And we brought them on
as a client. But after the whole process was completed,

(46:32):
he did say, this has been life changing because they
just didn't think that they could do it because they
were youngers. But a key thing we had to take
into consideration with them is retiring at fifty six, fifty
seven years old. You know, we're talking thirty five plus
years in retirement, Okay, So we had to be really
careful on our end about how we built the plan.

(46:53):
In particular, what we had to do was create what
we call the triple P the Personal Pinch plan, and
we had to create an income strategy that was guaranteed
for both of these clients forever that they can never outlive.
That was one of the biggest contributing factors to them

(47:14):
being able to retire. When you put the personal pension
plan that we created with a portion of their retirement savings.
When you put that with Social Security and one pension
that they had, they were totally able to do the
deal and it was life changing for them and I
appreciated them sharing that. By the way, folks, some of

(47:35):
you out there would like to have a pension, but
maybe your job doesn't give you one. That's okay. We
can help you create one. It's called the personal pension plan.
We can show you how to have guaranteed income for
life that you will never outlive with no risk whatsoever.
And if you'd like to learn more about that or
have a personal pension plan, just call us right now

(47:58):
at eight hundred nine four zero six nine seven nine
and ask us about the personal pension plan. Will help
you with that. So that would take longevity risk off
the table, you know, having something like the personal pension plan.
But talking about living longer in retirement, the planned the

(48:19):
ninety plus rule, you know.

Speaker 3 (48:21):
So let's talk about this. So you know, working longer
certainly might be a solution. Is could that be like
a secret weapon that we might have. I mean, there's
a research that says that even working three to six
months longer can increase retirement income as much as saving
one percent more annually for thirty years. How does that work.

Speaker 2 (48:41):
Trip well, I mean even part time or phase retirement,
you know, it can create financial benefits and also emotional
emotional benefits. It just think about that old adage, you know,
a penny sage, as a penny earned just a little
bit more, a little it more could stretch those dollars

(49:04):
into the ninety plus range. And that that is necessary
of course, to continue, you know, to continue being successful
in retirement. No one, no one wants to get to
the last part of retirement and uh and then you know,
like fizzle out or run out of money, and that
happens to people, you know, people deplete portfolios. I mean,

(49:26):
without proper money management, portfolio can can just you know,
fizzle out, you know. And it might be because people
have spent too much money. It might be because the
lack of performance in the market. I mean, it could
be the sequence of risk return that we taught sequence
of returns risks that we talked about earlier in the show.

(49:49):
It could be all kinds of things. You know, So
maybe working longer could help, but that just that needs
to be something that's a choice for people, not not
forced on them, you know, of course, Yeah, that makes
more sense. And talk what about income streams not just assets.
Let's talk about income streams, not just.

Speaker 3 (50:06):
That we want as many as we can generate.

Speaker 2 (50:09):
Yeah, it seems like the old just draw four percent
a year from your portfolio advice. It isn't enough when
when people are looking at a long retirement like thirty years.
So what we're doing is helping our clients build multiple
streams of income, like I just mentioned the personal pension plan,
maybe a dividend paying portfolio or whatnot. We're not just saying, oh,

(50:34):
here's some investments and you're going to be fine and
don't worry about it. I don't know everything works together,
it really does. Maybe rental income, some annuities. You know.
We want to build long term stability and provide peace
of mind. Folks. You also got to be really careful
about when you choose social security. It has to be

(50:56):
the right social security strategy. We can help you with
this social security roadmap to make sure you're optimizing and
maximizing social security. As a social security expert, we really
like helping people make sure they get the most of
their money as they can from Social Security. So ask
us about the Social Security roadmap. There's just so many

(51:18):
areas that we have to take into consideration, but it
all ties together with one thing. Having a written plan
for retirement. Folks. I know that a lot of you
out there, quite frankly, most of you out there don't
have this. I'm offering it to you right now. The
next ten callers in the next ten minutes will receive
a written plan for retirement built by our team of

(51:40):
certified financial professionals, at no cost for obligation. This is
something that you must come in and go through our
process to receive. We will not email this to your
mail it to you. Just want to be clear with that, okay.
But it's awesome. It's going to get you where you
need to go and keep you there, and it encompasses
everything that we've been talking about in this segment a
whole lot more. A written plan for retirement, next ten

(52:03):
callers in the next ten minutes, no cost or obligation.

Speaker 3 (52:07):
Great opportunity, folks. Don't want it slipped by eight hundred
ninety four zero six nine, eight hundred ninety four zero
sixty nine seventy nine. That has been a fantastic show.
A trip, but really kind of covered some ground today.

Speaker 2 (52:20):
Folks, thanks for tuning in to another great episode of
the Road to Retirement Show. We'll catch you next week.
Until then, God bless.

Speaker 7 (52:27):
You if you remember these TV shows. You're getting ready
to retire.

Speaker 4 (52:40):
And everybody see a big pair of feet there, cheesy mustache,
he'll think of you.

Speaker 2 (52:45):
You guts well, I.

Speaker 7 (52:47):
Hate I'm one guy who ain't prejudiced against anybody who
may be lestship by 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 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.