Road to Retirement 11-15-2025

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. I'll huff and

(00:21):
I'll puff, and I'll blow your hou's down. Here are
the questions. Do we have sandbag strategies in place? Do
we have a retirement house made of bricks instead of
straw or twigs and sticks? Is 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

(00:43):
money in retirement? If your answers are no, then 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 has

(01:06):
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. Do you want to avoid
taking a wrong turn or your retirement road?

Speaker 2 (01:25):
The road to retirement is a long one, and if
you just don't want to make wrong thing wrong.

Speaker 1 (01:30):
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 (01:38):
It's the perfect amount to map it out. That road
to retirement is key, is key.

Speaker 1 (01:43):
To get on the road to financial security and independence.
Just like many of Trip's happy clients in retirement.

Speaker 2 (01:50):
Partners, my money is safe using the green line principle
that you taught me about.

Speaker 3 (01:55):
Thank you so much.

Speaker 1 (01:57):
Let's get this trip started. It's the road to retiring
with Trip Limehouse.

Speaker 4 (02:04):
Hey, welcome and everyone, this is the road to retirement
with Trip Limehouse. We're getting geared up for a good
journey today. Trip of course the guy behind the green
line principle and has been helping folks for more than
twenty years. Getting to and through retirement trip always a
pleasure and how would my heck.

Speaker 2 (02:20):
I were doing really good, Steve, and it's always great
to be with you. And uh, also with all you
guys out there in radio land, I want to welcome
you in. I want to give a shout out to
my longtime listeners. You guys are awesome. We so appreciate
you and glad to be back with you. And if
you're new, well, welcome into the Road to Retirement show
with Limehouse Financial. We're gonna have a great time today

(02:42):
cruising down the road. We're having fun helping people. And
so I was out in Low's recently, Steve the the
hardware store, not the not the food, not the not
the food grocery store or whatever, although that's a great
place to go too. But so I was just in
the left lyle and I was wandering around trying to

(03:03):
find something. And me trying to find something anywhere is
always quite the challenge. It's like takes me at least
double the time of maybe a normal person, so to speak.
But anyway, so this guy said to me, and he
didn't even work there, He's like, hey, I'm I was
looking for something electrical and he's like, hey, I'm I'm
a retire electrician. You know, I don't work here, but

(03:24):
you need some help, and and I was like sure.
So he proceeds to help me, and I was just like, man,
thanks so much. You save me probably like thirty minutes
at least. I mean, I'm just sitting there staring. I'm
staring at all the bins and I'm like, everything looks
the same. It's like, you know, overcome with electrical part anxiety. Anyway,

(03:45):
So he helps me with what I need and he's like,
your voice sounds familiar, and I was like, well, I saw.
I introduced myself to him. I said, I'm Trip Limehouse
and nice to meet. He said, hey, I know you.
He said, I've seen you on TV many times and
I listened to your show all the time. It's good
to meet you. And so we proceeded to have a
little bit of conversation about retirement here and retired in

(04:05):
twenty sixteen and things are going well for them, and
you know, it's always so great to just meet listeners
and make a new friend. And so mister Jumper, if
you're listening, hey to you. And it was much appreciated.
The help that you gave me. But anyway, we are
having fun helping people. And this show today I think
is great because you know, it's kind of centered around

(04:29):
what folks are doing with their money, how they're handling
their money. And that's a really interesting thing that we
see here in the office Steve, is the dynamics of
how different people different let's just cause a personality types
handle their money, and in particular some couples, because usually
there's one that maybe does it more than the other

(04:51):
does it all. So, I mean, I don't know, what
do you think. I think we all have a money personality.
What do you think?

Speaker 4 (04:58):
Well, I think so too. And Trip, I mean you
would certainly know this better than most of us. Is
the number of people that you talk with about money
and understanding their habits. That's kind of kind of guide
you in terms of what kind of a retirement plan
you put together.

Speaker 2 (05:11):
Definitely, so you know, we we really are keen. I mean,
Jonathan O'Reilly, my investment advisor, and I are really keen
on the person that we're talking to, you know, at
any given time, versus just the money. I think that
that's a different way in a more I don't know,
a kind way, if you will, to focus on the

(05:35):
person rather than just how many dollars they have, you know.
I mean I've been doing this over twenty years, and
so many people come to us and they're like, I
went and talked to this you know person, and they
were nice, but all they talked about was my money,
and they didn't pay attention to me. And you know,
so we we really score points and help people just

(05:56):
by focusing on them. I mean, maybe there's people that
are they're like spreadsheet samurais, you know, we'll pick up
on that, yeah, okay, And a lot of times that's
maybe like the engineer type. We'll you know, pick up
on that and and that'll gear us up to help
them understand things as far as how their brain works.
And then there's some people that are like under the
mattress savers, if you will. That's a whole different thing,

(06:20):
and we kind of have to go a different direction
that way to help people out. But I mean, I
don't know, just like in marriage or faith, I mean,
I think self awareness is half that battle. So we're
just gonna kind of, I don't know, let's just say
pull back the curtain on everyday money habits in this
segment that can either build sure a bulletproof retirement or

(06:43):
or slowly erode it from within. And I think that
the at the end of the day, the truth is
that your financial quirks may be costing you more than
you think. And I want to help everybody out there
course correct if you will, before it's too late. So
how about this, This is a question for our listeners.
You and I were talking about this before the show.

(07:04):
I mean we're talking about money habits, right, and how
do they you know, predict success in retirement? I mean,
or do they just reflect it?

Speaker 4 (07:14):
Well?

Speaker 5 (07:14):
Does that?

Speaker 4 (07:15):
Well? Again, that's a great question. What's your opinion, I mean,
what do you see that? Yeah?

Speaker 2 (07:20):
I think that well, if we look at it from
a technical perspective, I think studies are showing us that
financial success retirees, So it's financially successful retirees okay, often
have consistent behaviors like reviewing plans quarterly, maxing out savings,

(07:41):
especially as they're coming in for you know, the exit
on the road retirement journey. But there's also things like
the silent saboteur, if you will, and that would be
people who just totally avoid money conversations like it's like
it's the plague, And the question is, really, are these

(08:01):
patterns kind of hardwired or can people retrain their financial
muscle memory memory later in life? And I believe the
latter is is is true. I believe that people can
retrain their muscle memory later in life, and oftentimes that
it's necessary to have, you know, someone on their side,

(08:23):
like Limehouse Financial that can help them see how they're
looking at things different. As an example, we had Jonathan
and I had a meeting just a couple of weeks
ago with with this couple and they just did they
they had done a really good job saving He was,
if you will, frugal, and she was kind of more

(08:44):
you know, she would just spend. But they had done
a really good job and collectively these two had saved
have saved about one point six million, which I think
is fantastic. I told them, hey, I told him, was
a great job. I mean, they raised kids and aid
this money, you know, but they didn't really ever talk

(09:06):
about money together. They just just kind of did their
own thing. I mean, when they had to, they would
talk about it, and at times it caused a friction
and he was really concerned about moving into retirement and
not having enough money, and she was like, well, honey,
we have plenty of money. We can do whatever we want.
Now there's a fine line between the two, okay. So

(09:28):
where Jonathan and I stepped in was we did what
we do. We built them a written plan for retirement,
and we demonstrated to both of them that they were
both right. He was right that they needed to watch
how they spent their money and when they spent it,
and they needed to continue to live on a budget.
And she was right that they had enough money to
do what they wanted to do. So, you know, we

(09:50):
established this whole plan with them, and we talked about
this stuff on an ongoing basis over and over on
the show that this is the type of work we
do for you. By the way, folks, if you do
not have a written plan for retirement, call me right
now eight hundred nine four zero six nine seven nine
and asked for it. I'll give it to you at
no cost for obligation. So so we did what we

(10:14):
do and we built them this plan and we showed
showed them that you know, hey, here's your lifestyle, here's
your retirement, you know budget, that's that you need, you
have to have this amount, here's your lifestyle goal, here's
enough money for health care, here's enough money for taxes
and insurance, et cetera. And we put it all together
in this very in depth plan, easy to follow, easy

(10:38):
for them to understand, be comfortable with, and like it.
And they'd said, what do we do next? I mean,
it was just that simple because it clarified everything for them.
And I was very thankful for that because that's what
they needed. They needed clarification that they had done the
right things and that they were doing the right things.
They just needed an expert like myself and Onthen to

(11:00):
come in solidify it for them and show them what
to do. How to have a safe money strategy, never
run out of income. You know how to protect and
preserve dollars they work so hard for how to have
money properly and invested in a portfolio managed professionally from
a fiduciary capacity. I mean, all that stuff just made
a big difference for them. So so talking about, you know,

(11:22):
their financial muscle memory later in life. I mean, I
think for that particular couple, you know, what we're able
to do is just if you will stretch it a
little bit. I think they had kind of the right
mind frame, but it really benefited them to come in
and talk with us folks that could be you eight
hundred nine four zero six nine seven nine limehouse financial

(11:46):
dot com. So what about this? What about being frugal?
What about that? How about that?

Speaker 4 (11:52):
That's a whole well, I think that's a whole different thing.
I mean, so, can you is there an I think
there are extremes in fruit reality?

Speaker 2 (12:01):
Yeah, I mean, like the what comes in my mind
is is being frugal the same as being financially wise?
Or is that? Okay? Well, yeah, that's the whole thing,
like a myth. Well, I feel like we've all heard
someone kind of brag, if you will, about well, I

(12:22):
just I cut the cable off, or you know, I've
just I spent an hour clipping coupons and I went
and I saved, you know whatever, seventeen dollars and eighty
six cents, or I drove across town to get gas
that cost four cents less. You know, I get all that, right,
But sure, but if that same person has, let's just

(12:44):
take an example, has a zero estate planning in place,
and we've been talking a lot about that recently in
the in the last couple of weeks, have they really won?
I mean, sometimes frugality, in my mind, becomes a smoke
screen for bigger financial So how do we dis sing
with smart saving from smart thinking? I believe it all

(13:05):
starts with a conversation with a local trusted expert like
myself and Jonathan O'Reilly and folks, that's what I want
to encourage you to do right now. I mean, we're
talking about how do you handle money, how do you
manage money, how do you think about money, how do
you feel about money? And we're also talking about putting
it together in such a way that shows you that

(13:26):
you can exit onto this retirement journey, and not only
exit onto the retirement journey, but stay there be independent,
in control and successful. If you would like to be independent,
in control and successful during retirement, give me a call
right now eight hundred nine four zero six nine seventy

(13:48):
nine and ask me for the in control plan. I'll
build it for you. You'll be better off for it.

Speaker 4 (13:54):
Eight hundred ninety four zero sixty nine seventy nine. That
is the number, eight hundred ninety four zero sixty nine
seventy nine. And if you're having this, hearing this and
wondering which financial quirks might be costing you in the
long run. Well, let's sit down and talk about it.
Whether it's a second set of eyes on your retirement plan,
just conversation to uncovered blind spots. Trip is here to
help you, and it starts with that phone call eight

(14:16):
hundred nine four zero sixty nine seven nine back with
more on the road to retirement with Trip Limehouse right
after this.

Speaker 1 (14:27):
Oh, I'm glad you're here.

Speaker 3 (14:28):
I'm not sure how long it's been leaking.

Speaker 5 (14:31):
What it's like.

Speaker 6 (14:31):
It's been leaking quite a while.

Speaker 2 (14:33):
Lucky you called this one.

Speaker 3 (14:34):
You did.

Speaker 2 (14:35):
I hope you can fix it.

Speaker 3 (14:36):
If I only knew sooner.

Speaker 1 (14:38):
Find the leaks in your retirement plan before you end
up underwater.

Speaker 3 (14:43):
Make sure your retirement plan is above water. Called Trip
Limehouse in the team at Limehouse Financial eight hundred nine
four oh six nine seven nine eight hundred nine four
oh six nine seven nine proudly serving Soda City, having fun.

Speaker 2 (15:02):
On the road to retirement journey today. Oh yes, we
are talking about how you handle money. Are you handling
it the right way? Are you? Do you think you're
handling it the right way could you possibly be sabotaging
your financial future. Well, coming up next, we're going to
unpack more of that to help you make sure you're
doing the best you can do with what you've been given.

Speaker 4 (15:25):
Sure, let's talk lifestyle creep, trip lifestyle creep. But how
do you fight the temptation to keep upgrading when your
income does That's a problem. I think we've all kind
of walked through that barn door. I think Dave Ramsey
talks about that.

Speaker 2 (15:41):
For sure. This is a big deal. You know, you work,
you earn money, you save money. You know, if you
have kids, they grow up, they move out, You have
more money, you have more discretionary income, and you know,
you kind of start looking around and maybe some of
your friends or doing things like selling their home, moving

(16:03):
into a nicer neighborhood, purchasing a newer vehicle. I mean,
all that sort of stuff, folks. What I would share
with you is, in my two plus decades of working
with people, it appears to me that the ones who
have accumulated the most and seem to be the most content.

(16:25):
This is just an observation, Okay, are those who have
grown and matured and how they handle their money and
when they started having more in particular discretionary income, so
they're they're they got raises and then they had a

(16:45):
little less debt along the way, or maybe no debt.
Those folks seem to be that some of my higher
net worth clients. Okay, I'm talking. You know, three four
million dollars in portfolios, and you know, I look at them,
and I and I just in awe, and I and
I share with them. You have really done a great
job avoiding this uh trap, if you will. And we

(17:10):
would call that trap the lifestyle creep, okay, and it is.
It is very tempting to keep upgrading and upgrading, especially
when there's more money. I mean it's it's like a
classic thing. The paycheck grows and suddenly the coffee is
not as good. Okay, so we're going to go to
designer coffee. Or or you know that that car, the

(17:31):
car that's perfect. You might have a lot of miles
on it, but it's perfect. It just it doesn't have
the seat massagers that your friend's car has, you know,
like's it sounds silly, but this is real stuff. But
in retirement, these habits they're really hard. They're really hard
to unwind and and what could happen is because of

(17:56):
these different thought processes or this lifestyle creep that might
silently eat through a nest egg. Okay, So there's two
things to understand. There's a person working and there's money working.
And when the person stops working, the money has to
keep working, Okay, And that's why everybody out there needs

(18:17):
to understand that income determines outcome during retirement. A lot
of people think, oh, if I just have this chunk
of money, this X amount of money, whatever may be,
I'll be okay. And theoretically perhaps that will work out.
But ultimately, when you guarantee your income, that's what's going
to enable you to have a successful retirement because when

(18:40):
the market changes, it's not going to matter to you.
So for those of you out there that maybe have
heard about pensions but don't have one and would like one,
call me right now about the personal pension plan. We
can show you how to create a personal pension plan
that will guarantee you or you and your spouse income

(19:03):
for life that you were you will never ever ever outlive.
Eight hundred nine four zero six nine seven nine is
our number. Eight hundred nine four zero six nine seven nine,
call and ask us about the personal pension plan, no
cost or obligation. We'll build that for you. So on,

(19:26):
on that whole subject of keeping up with the Joneses,
maybe we would relate that to the lifestyle creep keeping
up with the Joneses. So Amy and I, hey, Honey,
I love you so much, my best friend. Oh you're
just the best. I tell you what. I thank God
for you all the time, honey. So she and I decided,
you know, let's just be comfortable where we are. You know,

(19:50):
the girls are older now, we have three daughters, and
I got a shout out to Megan, Allison and Cameron.
I love y'all so much. I'm so proud of each
one of you. But those girls are awesome, you know,
they're they're more and more you know, on their own,
responsible for their own stuff whatever. Right, So we've arrived
at this point in time. It doesn't necessarily happen in

(20:10):
the fifties for everybody, but that's where Amy and I
are in the fifties. And you know, so we have less,
you know, obligations to pay for club sports or to
travel for sports or whatever. Just you know, there's a
whole lot involved in supporting a family. I mean, I
read an article the other day. I think that it
was like, I mean, it's some crazy number just to

(20:33):
raise a family and and you know, and then retire.
It's used to be used to be a lower seven
figure number. And I don't recall it the exact number
I read, but it was a much higher seven figure
number now, you know. But anyway, so because of where
we are, we just looked around and we're like, you know, yeah,
we could make all kinds of changes and do all

(20:54):
kinds of things, and we could leave where we are
and go do this and that, but we decided let's
just stay right, you know, let's let's make this exactly
like we want it. So, I don't know, folks that
might be you versus kind of keeping up with the
Jones is maybe just look at where you are, give
thanks to God for what you have, and then start
using you know, your moneies to maybe just make it better,

(21:16):
make it more beautiful, make it a place, make it
your sanctuary, a place where you want to be and
stay and not leave right just that you look forward
to to going to and being at. And that can't
necessarily always work for everybody, but if it can work
for you. I think that's such a better idea than
just selling the farm and then going to a newer neighborhood,
because I have seen clients that have done that and

(21:36):
it didn't work out too well. It was more expensive,
higher taxes, higher insurance, and then they had to fix
it up, and you know, they left their comfort zone
and thought it would be better. So the grass isn't
always greener on the other side. I guess what I'm
going You know, the point I'm making with this is
that folks, you have to insulate yourselves now from lifestyle

(21:58):
inflation later. So go ahead and train yourself to just
be really comfortable with where you are and what you
have and be thankful and grateful for it. And let's
put it all together in the form of a written
plan that spells out exactly what you can do to
ensure your success for retirement. I mean, at the end

(22:19):
of the day, that's what we're doing here at Limehouse
Financial is we want to ensure your success for the
duration of retirement. And if that appeals to you, I
would encourage you to call me right now eight hundred
nine four zero six nine seven nine and ask me
for the endurance plan. We want to show you how

(22:41):
you can endure retirement. All right, So so.

Speaker 4 (22:47):
Trip, just before you move on, I'm going to tell
you I just looked it up. The average cost to
raise a child from birth to eighteen is now cited
in the range of three hundred to three hundred and
thirty thousand dollars.

Speaker 2 (22:58):
And that's for a child's child. Yeah, and you're thinking
about that, and you're thinking about funding your retirement, and
you're thinking about taxes and inflation and lifestyle goals. I mean,
it's a lot to really a whole lot to encounter.
And I will I will share my listeners right now.

(23:18):
I see a big emphasis out there on accumulation, and
that is so important because we have to accumulate to decumulate. Now,
where people go wrong, where they take a wrong turn
on the road to retirement, is they never take advantage

(23:39):
of the opportunity to work with an income and a
distribution planning expert like myself and like my investment advisor,
Jonathan O'Reilly, and they just they don't get all the
things that are so necessary. They don't have their social
security mapped out, so they take it at the right
time and and they optimize it and maximize it. They

(24:00):
don't have a require minimum distribution roadmap so they know
when they're going to have to take money out of
their iraise and how much it's going to be. They
don't have a safe money strategy. Folks. There's so many
things that go into this whole process, and what I'm
sharing with you right now is it's just really important
to work with an expert from a fiduciary capacity that

(24:20):
makes recommendations in your best interest. There's going to get
you there and keep you there, and that do all
the stuff that we're talking about. Eight hundred nine four
zero six nine seven nine. By the way, on that
subject of a social security roadmap, this is a document
provided to you by an expert like myself for Jonathan
that clearly identifies the best time for you to optimize

(24:43):
and maximize your social security. So if you're out there
right now and you don't know how to get the
most out of social security and you want you're coming
up at that time in your life where you're starting
to think about when should I take Social Security? When
should I file for Social Security? Wonder no more? Call
us eight hundred nine four zero six nine seven nine

(25:05):
and ask us for the Social Security roadmap no cost
for obligation. So what do you think about couples when
they discover money disagreements after they stop working? This is
a huge deal.

Speaker 4 (25:19):
But again that's certainly one that you have to deal
with trip, I mean certainly conversations that you've had.

Speaker 2 (25:23):
I think we got to get ahead of it before
it happens. Right, It's really amazing how many couples never
sync up on money until retirement throws it in their face,
travel plans, helping kids, how much to leave behind? It's
really all about the money, or is it? Is it
about being in control? Is it about fear of running

(25:45):
out of money? Is it about values clashing under pressure? Folks,
if you've been listening and hearing this as we've been
going through all this stuff about philosophies of money, how
you handle money, your thought process is hurting you in
the long run. Let's let's talk, Okay, whether it's just

(26:07):
a second set of eyes on your retirement plan or
just a conversation to uncover blind spots, let's talk. We're
here to help align your habits with your goals. Eight
hundred nine four zero six nine seven nine as our
number Limehousefinancial dot Com. Call in right now and ask
us to help you uncover those blind spots so you'll

(26:27):
have a successful retirement.

Speaker 4 (26:32):
So that sounds like a great idea, Trip give us
a call eight hundred nine four zero six nine seven nine.
Goal here at the show. Help you make the best
decisions for you when it comes to your retirement. Call
us and find out eight hundred nine four zero six
nine seven nine eight hundred ninety four zero six nine
seven nine Quick break back with lots more on the
road of retirement with Trip Limehouse. It happens right after.

Speaker 2 (26:51):
This retirement isn't just a money shift, it's a marriage shift.
With more time to gather, more decisions to make, and
no more career buffers. Old financial disagreements they can flare
up fast. We're gonna unpack the unspoken tensions many people
face after retirement, and we're gonna talk about how you

(27:13):
can talk about money without walking on eggshells.

Speaker 7 (27:24):
In life, there are defining moments.

Speaker 5 (27:26):
You may kiss the bride, you got a job, buddy.

Speaker 7 (27:29):
Retirement is one of those stand out, exhilarating times.

Speaker 2 (27:33):
Hard pay em.

Speaker 7 (27:35):
Seize the day, meet at no cost with our local
independent team who are here to help coach you along
this journey.

Speaker 5 (27:42):
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 4 (27:58):
We are back on the road to retirement with Trip Limehouse.
My name is Steve Sada, having a fun show as always,
and we're talking a lot about you know, money quirks
today Trip and you know, couples and dealing with that,
and this segment we're really going to dig into the
as you said at the beginning, they're a marriage shift
when it comes to retirement, and it's got to be
a challenge for you, Trip, because you got to wear

(28:19):
that marriage counselor hats.

Speaker 2 (28:20):
Off and not y know, our job here is often
like counselors, if you will, and it's really I mean,
I look at it as a blessing. I've always talked
about how I feel like God's given me a set
of abilities and now He's put me on the stage
where I can use those abilities to help other people,

(28:42):
right And one of the ways that I do that
is just sometimes by listening to to the people that
are sitting across from us at the conference table, and
you know, there's just been so many, I mean countless,
countless times when I'm just watching, listening, observing, taking it in.

(29:03):
A husband and wife talking about money, and these think
about you know, people that have been married for you know,
twenty twenty five years or whatever, and they've been talking
about money and dealing with money forever, and you know,
they've now entered into a safe environment where they can
continue to do that, but they can have a third

(29:24):
party just kind of listening. And it's and it's very
nice to be able to just kind of sit back
and watch it happen and then to be able to say,
you know, you're right to one person, and then to
the other person you're right, and then kind of bring
it all together. I'm very thankful to be able to
do that. And that's just a listening thing. And so

(29:44):
to your point, you know, sometimes do we serve as
a counselor. I would say yes. I would say yes,
and a financial financial counselor. You know, I mean, we're
not diving deep into marriage problems or things like that,
although I will say that money or money conversations can
be one of the biggest sources of problems in a

(30:06):
relationship and if you're listening to this segment, folks, and
you're not married, you have a relationship with yourself too, Okay,
So don't just don't discard or any of the stuff
that we're talking about, because if you're single, you know,
you should care enough about yourself and you have these
conversations with yourself and you know you played that play
one side and the other side. You know, I'm talking

(30:28):
to you too, Okay. So you know, I think, I
think when it comes to retirement, let's just say the
office door closes and the calendars open wide, and couples
will find themselves living in a whole new rhythm, if
you will. And it doesn't really come with the handbook,

(30:48):
you know what I mean.

Speaker 4 (30:51):
Sure it does. Yeah, But so again that's a that's
a process that I would think a lot of people
couples don't really think about. But as you begin to
explain it, it makes sense why there could be conflict.

Speaker 2 (31:05):
Well, sometimes there's just opinions that have been formed of
how to spend or maybe not spend money, and money
issues resurface in retirement. Maybe they haven't been talked about
for years. So you know, how do we recognize when

(31:27):
one person or the other or both are slipping into
a power struggle. We want to avoid that. Okay, we
want to have harmonious living. Harmonious living is very important,
by the way, folks. We also want to have a
harmonious financial plan. Okay, one that just works really good

(31:48):
for you, one that has your rhythm, that's gonna just
make things sound good and feel good. Imagine that, right you,
moving into retirement and having a harmonious plan eight hundred
nine four zero six nine seven nine limehouse financial dot com.

(32:14):
If you're a little up in the air right now
and you're just not quite sure and you're hearing me
talk about having peace moving forward into retirement, especially if
you're married, that's such an important thing. Or just even
if you are single, you have to have peace with yourself.
Call me right now and ask me for the harmonious
financial plan. I like that, the harmonialmonious financial plan, no

(32:38):
cost or obligation. I really want to help you with this.
Eight hundred nine four zero six nine seven nine. So
here's a question. Why does retirement sometimes amplify financial disagreement?
Disagreement see even for people who've been married a long
long time.

Speaker 4 (32:56):
What do you think, well, I mean again, I think
that's a quest question that do you need to answer?
I really will.

Speaker 2 (33:03):
I believe it's because people arrive at this point where
now there's not going to be a paycheck. There's no
paycheck anymore, big deal, and that can be here's the
thing that can be a stressor unless unless you take
action and create a personal pension plan. I talked about

(33:25):
it in the last segment, but it's just I'm going
to bring it up again because it's so important, especially
regarding this subject right now. I truly believe that financial
disagreements will come up after retirement because people are just
wondering how are they going to make it? Where is
the income going to come from. So if we clearly
define it, and we clearly put it out there in

(33:46):
such a way that it's going to come in every month,
it's going to be guaranteed, predictable, consistent, and stable, guaranteed predictable, consistent,
and stable, then we avoid this financial disagreement with our spouses.
So how can you achieve that. It's called the personal
pension plan and it's available to anybody out there. We
can show you how to do it. If you would

(34:07):
like a personal pension plan. If you'd like to know
that you will never run an income to have guaranteed
income for life, call me right now eight hundred nine
four zero six nine seventy nine limehouse financial dot com
and ask me for the guaranteed income for life plan.
I'll build it for you, no cost for obligation. So

(34:30):
a Harvard study found that couples often misalign on retirement expectations.
Get this before they retire, and women prioritize security and
men prioritize autonomy or travel. Pretty interesting dichotomy there, don't

(34:54):
you think I'd like how we think the thought process
and the feelings and all that.

Speaker 4 (35:00):
And your experiences, that's that whole.

Speaker 2 (35:02):
It does hold true. I see more men being lack
of daisical if you will, about oh well, just we'll
be okay, we'll be okay, And they'll kind of pat
their spouse on the on the back, honey, we're gonna
be okay. And then I see the women they're just
looking at me and they're like, are we gonna be okay?

(35:22):
Are we gonna be okay? Are we gonna be how? How?
And again, you know, add that, add that whole you
know thing that we just talked about to the sudden
lack of routine. That's a shocker and financial structure, and
it's it can be a recipe for conflict. So folks,

(35:44):
what you can do before retirement to get on the
same page as come on in and talk to us
about this. Right, let's just put it all out on
the table. It is so fantastic, Steve, when we see
people and they come in and you know, there's these
financial disagreements, there's all these thought processes and then we

(36:07):
just help them unpack it and we put it out.
I'll put it all out on the table. It's all
out in the open and we talk with that back
and forth. As you mentioned, sometimes we're like that financial
counselor with people that we're seeing, and even people who
are single, you know, the same applies. But it's amazing
how people get up and walk out of our office

(36:29):
and they have done a one point eighty Like now
they're feeling really good about things. There's no conflict, there's
no disagreement, and you know, I mean, glory be to
God for that. They can they can leave this place
the safe place that they come into. Limehouse Financial eight
hundred nine four zero six nine seven nine calls. They

(36:52):
can leave this place and they can walk out with
the clear and very well defined vision for where they're going.
So I do think gender roles play, you know, a
post retirement, they play into post retirement money tension as well.
Lots of households, there's just one person that, if you will,
has historically owned the finances. But when both are home

(37:16):
full time, so now there's retirement, suddenly that that division
can get blurry and it becomes not just about who
pays the bills, it's about who makes the big picture calls.
So it is important for couples to transition from a
financial role, if you will, to a partnership. And I
do want to once again just give my lovely wife

(37:39):
all all kinds of accolades for this because she has
been and is the perfect partner in finances with me
and Honey for that, I thank you, and Amy, I
love you so much for that. I do see that
breakdown a lot with people. Folks. I want to encourage
you to really get on the same page with your spouse.
I mean, I just listen, We're at church recent and

(38:00):
a message on commitment and it was related to marriage,
and you know, the commitment has to stay the same,
whether it feels good or doesn't feel good. And we're
talking about financial commitment right now to each other, and
just be good steward over what you've been given and
what you've worked so hard for. You know, this whole

(38:21):
thing of retirement, it's real, it's coming up. We look
forward to it, and we should. It's an exciting time.
Allow us to alleviate stress relating to how you handle money,
how you talk about money, how you feel about money,
what you're doing with your money. Come on in and
see us. Ask us for the financial stress Free Plan,

(38:44):
no cost or obligation. We'll provide it to you. Eight
hundred nine four zero six nine seven nine. If you
would like the financial stress Free Plan, give me a
call right now.

Speaker 4 (38:56):
Sounds great, Trip, It's a total free call away. Eight
hundred and nine fours zero sixty nine seven nine. Eight
hundred nine four zero sixty nine seventy nine. Sit on
with Trip and get yourself a plan put together once
and for all, no cost, no obligation, to help you
get a better handle on your financial situation. So to
find out what your investments are really costing you. Give
Trip a call. You'll see if you've got high fees
or commissions. They'll talk tax implications, how much income you

(39:19):
can securely generate once you move into retirement. Make that
call today while you're thinking of an eight hundred nine
four zero sixty nine seventy nine, eight hundred ninety four
zero sixty nine seventy nine. We have one more segment
to go here on the road to retirement. With Trip Limehouse.
It happens right after.

Speaker 2 (39:33):
This marriage has perks, but the irs isn't always so romantic.
From tax practice to medicare penalties, retired couples often pay more,
not less, just for filing jointly. Today we're exposing the
surprising ways the tax code squeezes married retirees and the

(39:58):
strategies that can fight back.

Speaker 1 (40:05):
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

(40:26):
Limehouse Financial. Eight hundred nine four zero sixty nine seventy nine,
eight hundred nine four oh sixty nine seventy nine.

Speaker 4 (40:41):
We are back on the Road to Retirement with Trip Limehouse.
My name Steve said, Oh, this has been a great
segment to a great show today. Trip going through a
lot of what couples are dealing with as they get
close to retirement and some of the things, some of
the stumbling blocks that can really you know, have an
impact and not in a good way on retirement. So
the segment kind of wrap things up. I like this,

(41:02):
we're talking taxes because when it comes to retirement, taxes
has got to be.

Speaker 8 (41:06):
A number one three letter word tax tax.

Speaker 2 (41:11):
Yeah, can't avoid it, can't avoid it.

Speaker 8 (41:13):
You know, folks, you've planned, you've saved, you've retired, and
now you're finding out that the irs treacher golden years
as a golden opportunity to tax you more.

Speaker 2 (41:31):
It's really a hard pill to swallow. I know many, many,
many retired married couples wind up in get this higher,
higher effective tax brackets that they were in when they
were working. And the kicker is that most of them

(41:52):
never see it coming. So I wanted to talk about
in this segment the so called marriage penalty in retirement.
If you will, yeah, And I want to give our
listeners some some practical technical ways to avoid overpaying the

(42:13):
IRS in your sixties, seventies and beyond. I want to
talk about how there's this fallacy that people will enter
into retirement and pay less taxes than ever before. So recently,
and by the way, folks, I know I share a
lot of stories with you, but they're real stories. I mean,

(42:33):
this is what we're doing. This is like behind the
scenes at Limehouse Financial. Okay, so you're privy to that
right now. So recently I met with a couple three
point six million dollars in their retirement. That is great.
Doesn't that sound great to you? I mean, by my gosh,
like that's multiple seven figures right three, you know, over

(42:54):
three million bucks. And as we're talking, I share with
them and they're not yet the requirement of distribution age,
which currently is seventy three. That's when the IRS forces
you to take money out of your retirement account. And
by the way, folks, I haven't talked about it for
a while, but there is a difference between an account
and a plan. An account is just where money is located.

(43:18):
A plan is what's yours that gets you to you
where you want to go, and keeps you there and
enables you to have success during retirement. If you would
like to switch from just having an account to having
a plan, call me right now eight hundred nine four
zero six nine seventy nine and ask me for the

(43:39):
change of account to a plan. I'll do it for you,
no cost, for obligation. Okay. So back to this couple
I shared with them, I said, you know, you guys
are relatively young, mid sixties right now. I said, let's
just say that by the time you hit seventy three,
and for them, probably R and B's are going to
be seventy five. So let's just say ten years out right,

(44:00):
your three million and so dollars has grown to five hypothetically. Well,
and they're both the same age, by the way, so
the distribution factor for requirementium distributions first year just around
four percent. Let's take five million times four percent. Okay,

(44:22):
that's two hundred thousand dollars that they're going to be
forced to take out of their retirement. Now, for these guys,
it's a beautiful thing because they both have Z security
and they both have pensions. So we're talking a really
nice six figure income right now without even taking any
money out of their portfolio that we're managing for them.

(44:44):
And that, by the way, folks, just let you know
that is something we do here, professional money management, and
that that's something everybody needs. So keep that in mind.
And we do it from a fiduciary capacity, only making
recommendations in your best interest. We professionally manage money so
so without even having to take any money out. Steed,
these guys are doing great. I mean, they've got their

(45:06):
retirement gold you know, monthly met, They've got their lifestyle
goal met, they've got their healthcare goal met, they've got
their all their goals are met. And we build it
for them in the in the plan. But when we
started talking about going into the future and how they
were going to have all this extra income, they're like,
we don't we're not going to need that. And I said, yeah,

(45:27):
I know you're not going to need it. And they said,
we're not going to want it. I said, I know
you're not going to want it. They said, we just
thought this money we could just pass on. I said
you can, but you're going to have to take money
out along the way. They said, what's going to happen
with our taxes and our tax brackets. I said, guess what,
it's going up. It's going to go up. You probably
will be at some of the highest tax in the
tighest tax brackets possible. And it's because you've saved money

(45:50):
in a tax deferred vehicle. So I'm thankful for the
savings for these guys, but the tax deferral feature is
really coming around to bite them in the butt later on.
Now we're doing things like wroth conversions, and folks, if
you've been thinking about the roth conversions, you need to
ask us about the RCA. You need to ask us
about the wroth conversion analysis. Okay, if you're out there

(46:13):
right now and you've been wondering, are wroth conversions appropriate
for you? Are they the best thing for you? Will
you save money in the long term? Eight hundred nine
four zero six nine seven nine is the number, And
all you need to do is ask us for the
wroth conversion analysis. No cost for obligation. So for going
back to this couple, though, we were talking about can

(46:35):
marriage actually increase the tax bill in retirement and how
does it happen? Well, it does happen. And by the way,
I think that it's a it's not a fun problem
to have, but I will share with you it's a
better problem to have than not having a tax problem.
Any day of the week I would have that. I mean,

(46:56):
typically we're working with seven figure portfolios here at Limehouse Financial,
and we're talking heavily about taxation in retirement with our clients.
As a matter of fact, we're talking about the tax
efficient retirement plan, which we need to implement early on
so that later on that tax burden isn't overwhelming and
we can pass on the money that we've saved throughout

(47:18):
our lives to the next generation in a tax efficient way. Folks,
you need to write that one down, tax efficient retirement plan, teerp.
You need to call in and ask us about it.
I mean right now eight hundred and nine four zero
six ninety seven nine. But most couples assume, Steve that

(47:39):
married filing jointly means a better outcome. But for some
retirees that's not always true. Their tax practice are compressed.
You know they're compressed. You've got Social Security taxation thresholds,
you've got IRMA surcharges, have to do with Medicare kicking

(48:02):
in it just income related to just and that's when
somebody has to pay more for their part be of
Medicare because their income is so high. That kicks into
just two hundred six thousand of income for couples in
twenty twenty five, and the margin for error is razor thin.
So it's important for couples out there to recognize when
they're creeping into it, if you will. The stealth tax

(48:25):
and territory, which is you know, put forth out there
by the good old Uncle Sam so RMDS, and Social
Security they really can combine to create a surprise tax spike,
especially for couples. I mean requirement of distribution start at
age seventy three, but when paired with Social Security benefits,

(48:48):
that can tip couples into those unexpected high tax brackets,
even if they're spending hasn't changed in a little bit
of interest or capital gains from a brokerage account, all
of sudden, Medicare premiums jump up like so much so, folks,
you need to be talking with us UH in the

(49:10):
gap years, which are the years between retirement and requirement
and distribution age, about how we can prevent this for you.
And then there's tax efficient withdrawal strategies that's a whole.
I mean we could talk like for hours about that.

Speaker 4 (49:25):
Steve right, of course, and again that's something that you
talk about with people, you know, with couples in particulars
where we're headed this week, I mean about that and
how important that conversation is to have to to have
to be tax efficient in retirement and you know, deal
with the tax brackets, deal with all of the things
you've been talking about. I need help, and I say

(49:46):
that collectively we need help.

Speaker 2 (49:48):
Well, thank thank goodness. Uh, you know, for people that
need help, I really am glad that they're out there,
because that's what our job is is just to do that,
is just to help. It's different for couples than it
is for singles, and every couple is different depending on

(50:08):
what they have saved. So going back to tax efficient,
which are all strategies strategies, the traditional draw from taxable
first model, it isn't necessarily always ideal for married retirees.
So strategic wroth conversions during low income years and then

(50:29):
tapping into iras earlier than required it actually can lower
taxes over a lifetime. So there needs to be a
smart withdrawal sequence that's in place way ahead of time,
not just one year at a time, okay, folks. So
there are advanced tools and strategies that can help couples

(50:52):
reduce their long term tax burdens. One I'm thinking about
now is a QCD that's a qualified charitable distribute. You
can take money from an IRA from a tax deferred
retirement vehicle, pay it directly to a charitable entity, whoever
you choose. It's a great way to tithe to give,

(51:14):
and it reduces your requirement of distribution in the future.
So you know, if you're a married couple nearing retirement,
or you're already there and you're wondering about your tax strategy,
you're wondering, are you paying more than you should? Folks,
let's connect? Okay. And if you're out there and you're

(51:36):
single and you're wondering are you paying more than you should?
Or are you going to pay more than you should?
Let's connect. Give me a call right now eight hundred
nine four zero six nine seventy nine and ask me
for the tax efficient retirement plan. I'll help you with that.
I'm going to help guide you through how to pay

(51:57):
the least amount of taxes moving forward wherever you are.
Regardless of that stage in life eight hundred nine four
zero six nine seventy nine tax efficient retirement plan. Call
in right now, no cost for obligation. I'll provide it
for you, folks. I want to thank you for tuning
into another great episode of the Road Retirement Show, and
I want to encourage you to tune in next week

(52:18):
for another one. We got it lined up for you,
and we're so excited to spend time with you. We
appreciate you so much. Until the next show. God bless you.

Speaker 6 (52:36):
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.

Speaker 7 (52:44):
I'll think of you, you guts well, I hate.

Speaker 6 (52:49):
I'm one guy who ain't prejudiced against anybody who maybe
leship pity to me. It kind of sneaks up on you,
doesn't it.

Speaker 8 (52:57):
Oh geez.

Speaker 6 (52:58):
You deserve a secure or independent retirement, our retirement that
is prepared to handle pitfalls like inflation, health emergencies, stock
market volatility, and taxation. You've worked hard for your money
and will work just as hard to protect it and
grow it. Retirement planning doesn't have to be difficult. Get

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

Speaker 1 (53:41):
Information provided is for illustrated purposes only and does not
constitute investment, tax, or legal advice. Information has been obtained
from sources that are deemed to be reliable, but their
accuracy and completeness cannot be guaranteed. Either Trip Limehouse nor
his guests are liable for the usage of information discussed.
Always consultable the qualified investment, legal, or tax professional before
taking any action.