Road to Retirement 12-06-2025

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):
Today's retirees are navigating a new set of post work stressors,
from inflation to purpose, healthcare to housing. In this segment,
we're going to break down eight critical pressure points retirees
are facing now and how to start relieving the pain.

Speaker 1 (00:42):
Do you want to avoid taking a wrong turn or
your retirement roads?

Speaker 2 (00:46):
The road to retirement is a long one, and if
you just don't want to make wrong bacter.

Speaker 1 (00:51):
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 (00:59):
It's the perfect dimemound to map it out. That road
to retirement is.

Speaker 1 (01:03):
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 (01:11):
My money is safe using the green line principle that
you taught me about. Thank you so much.

Speaker 1 (01:18):
Let's get this trip started. It's the Road to Retirement
with Trip Limehouse.

Speaker 3 (01:25):
Welcome in, everybody. This is the road to retirement.

Speaker 4 (01:28):
We are geared up, ready for a good trip today
because Trip Limehouse is here to guide us along as
he is each and every week. He's been helping folks
get to and through retirement for a couple of decades
and then some and he, along with his investment advisor
Jonathan O'Reilly, are there for you, helping you put that
plan together.

Speaker 3 (01:44):
And of course the.

Speaker 4 (01:45):
Green line principle is something that's unique to Trip and
his firm. We will talk about that, but right now
I'm just gonna say, hey, Trip, Hey, how's it going.

Speaker 2 (01:54):
Yeah, good more and Steve, and good morning to everybody
out there in radio land. Glad to be with you
guys again for another episode of the Road to Retirement Show.
And things are going well, just kind of settling into
this season. I tell you what hard to believe. We're
quickly approaching the end of the year and what a
what a fantastic time of year. When church the other day,

(02:16):
the message was on anticipation and uh, you know, when
Jesus being born in US, anticipating that, and and and
and you know, we're anticipating a lot of things happening
here on the show today for you guys out there specifically,
because you know, things have changed and are always changing.
And I don't know, I think that retirement it once

(02:39):
was seen as kind of like a finish line, Steve
and and uh, you know, supposedly.

Speaker 4 (02:46):
For a timement shouldn't be a finish line. It's a
whole new chapter, a whole new exciting time in life.

Speaker 2 (02:52):
Yeah, starting point right, And you know, I mean the
thought process I think has been in the past, well
I'll get there and I'll just but in today's world,
it just it feels like you know, entering a new
race and the rules are just they're always shifting. And
think about this. People are living longer and there's just

(03:14):
additional stressors to retirement. So yeah, I just wanted to,
you know, talk about this today on the show. And sure,
some challenges that people are you know, experiencing, and this
this comes from two plus decades of helping people you know,
get to and through retirement and learning from them and
paying attention to what they're encountering and then helping them

(03:37):
navigate through all that. That's what we do here at
Limehouse Financial eight hundred nine four zero six nine seventy
nine limehouse financial dot com. So these challenges, let's talk
about this first one, the the impact of persistent inflation
on on fixed income. I mean that that just doesn't

(03:58):
even sound good talking just saying that.

Speaker 4 (04:01):
No, as you're right, Trip, I mean again, but that's
the beauty of working with an advisor like you. You
understand that and how how we can address that and
and be proactive, not reactive to it.

Speaker 2 (04:14):
Yeah, that's right, and and the proactive part comes into
play when people actually understand that the impact really of
doing proper planning and not just arriving to this new destination.
There are so many people out there and perhaps people
even listening right now, where you're just you know, you're

(04:38):
just looking forward to and you're going to get to retirement,
and you just have money in an account, and that's
a good thing. I'm glad that you have accumulated, But truly,
the people who are going to thrive and enjoy retirement
are the ones that have a plan. And thank you
for pointing that out, Steve. I mean that you know,
that's what we're doing here. We're building plans for people.

(04:59):
But this impact of persistent inflation on fixed income is
quite significant. Even though the headline is that inflation rates
have eased from the twenty twenty two twenty three peak,
I mean, core costs for people are still there. I mean,
you know, the cost of food, housing, healthcare, they're just

(05:22):
remaining high, Steve. And here's the deal is, people are
still living on a fixed income.

Speaker 4 (05:26):
And again the inflation is going to eat away at
that fixed income. We have to be flexible in our
plan to be able to accommodate that.

Speaker 2 (05:35):
It has to be accounted for absolutely. This is this
is pretty staggering. According to the twenty twenty five Senior
Financial Outlook Report, sixty eight percent of retirees say inflation
is their number one financial concern. So the question for
our listeners is, you know, how can you guys out
there protect your purchasing power while still keeping risk and check.

(05:58):
And you know, here at Limehouse Financial, we professionally manage money.
And that's that's much needed during this very important time
of life. And you know the whole purpose of having
money at risk is twofold. Really, it's to outpace inflation,
and it's to appreciate your capital. And without you doing

(06:21):
that properly, you could be in for, you know, something
like facing longevity risk, which is the possibility of you
of you outliving your money. We like to focus on
controlling the controllables here at Limehouse Financial, and we want
to help you do the same. So as we're talking
about these things today, when something you know just kind

(06:44):
of sticks with you and you're like, wow, I can
identify it with that, or I can understand that, or
yeah that's me, I want you to pick up the
phone and give us a call. Eight hundred nine four
zero six nine seventy nine. We're here to help you.
We want to help you navigate through all this stuff.
We want to help you to have a better retirement.
If you would like a better retirement, if you are

(07:05):
about to retire, or you are already retired and you
would like to have a better retirement, call me right now, Okay,
I'll help you. Eight hundred nine four zero six nine
seven nine. Next up is so inflation. Next up is
healthcare and long term care costs, and who really don't
even want to talk about that stuff. Nobody likes to

(07:26):
talk about that.

Speaker 4 (07:27):
No, but this is a topic that has to be
covered when you're putting your plan together. It's it's because
obviously we're living longer, and the older we get, the
more need of more in need of healthcare that we
are going to need.

Speaker 2 (07:39):
Yeah, what's that, Steve, what's that study that we look
at with Fidelity? What does it talk about?

Speaker 4 (07:43):
Talks about the average six sixty five year old couple
retiring this year, we'll need over three hundred and fifty
thousand dollars for healthcare expenses throughout retirement. And again that's
spread all over years. But at the same time, that's
such a staggering number. And that number has only gone up.
I mean I remember when I started doing these shows
with you. I mean that number was barely three hundred thousand.

Speaker 2 (08:04):
Yeah, and very quickly has risen. And and that's again over
and above what Medicare would pay for a couple during retirement.
So the folks who was three Steve, Like Steve just
pointed out, that's three hundred and fifty thousand dollars an
estimate that a couple retiring this year age sixty five
is going to need over their lifetime, through throughout retirement

(08:27):
to pay for what Medicare doesn't cover. That's that's that's significant.
And what's even more startling is that does not even
include long term care, Steve, you know, and.

Speaker 4 (08:37):
Yeah, that's yeah, that's the other thing that we have
to consider, and really how important a piece of that
puzzle is because basically what one in basically half of
us are going to need long term care?

Speaker 3 (08:48):
Right so it's either even if.

Speaker 2 (08:50):
It's like statistic lives for men, it may be only
for a one point eight years or something like that. Still,
if it's one point eight years or two years, and
the cost are you know, eight thousand or ten thousand
a month, I mean, that's just that could be devastating. So,
you know, we say it often here on the show.

(09:11):
We are helping people avoid the wrong turns that lead
to a dead end on the road to retirement. There's
gonna be speed bumps, there's gonna be detours. We want
to make sure you'd never run out of gas, translation
run out of money. Okay. By the way, income determines outcome,
if you folks, that's a key thing for you to
understand right now. Income determines outcome, okay, And if you're

(09:32):
looking for guaranteed income that will be around as long
as you are around. Okay, that will never end, so
you never run out of money. Then you should ask
us about the personal pension plan. Okay. The personal pension
plan is designed for people who don't want to outlive
their money, which is quite frankly, something that everybody should
you know, they should be thinking along those lines. Eight

(09:55):
hundred nine four zero six nine seven nine. Call me
right now and ask me for the personal pension plan.
I'll build it for you, no cost, for obligation. I'll
show you how to never outlive your money. But this
whole thing, this is what we're finding regarding healthcare long
term care, Steve, is that a lot of retirees they
just don't have a concrete plan for how to cover

(10:17):
these costs that we're talking about now without draining their
assets or burdening their families. So what we're doing is
we're helping our clients prepare for rising medical cost and
long term care expenses so that they can maintain their
lifestyle and their dignity. Okay, and long term care is

(10:38):
a is a not a fun thing to think about
or talk about, but it's real, folks. We need to be,
you know, having this conversation about how you can you know,
avoid it, or if it happens to you, how it
can be taken care of and paid for. You know,
this is what we're doing at Limehouse Financial. We're building
plans for people just like you to help you. We

(11:00):
want to help you do better in retirement. One of
the ways that we're helping you to do better is
by learning more about us and what we do and
learning more about what you can do to be successful
in retirement. And I've got a couple of events coming
up this week that i'd like to invite you to.
There are no cost or no obligation. So on Wednesday evening,

(11:22):
we're going to have a social Security and income Planning
workshop at six o'clock at the Lexington County Library. That's
this Wednesday evening at six o'clock at the Lexington County Library,
a Social Security and income planning workshop. Would love to
have you there. And also on Saturday, this Saturday, we're
going to have the same event, a social Security and

(11:45):
Income Planning workshop. This is going to be a breakfast event.
We're going to serve breakfast again no cost or obligation.
It's going to be at nine to thirty am at
the Lexington Chamber of Commerce. So we'd love to have
you at either one of those events to learn more
about how we're helping people do better in retirement. If
you'd like to attend one of those events that I
just mentioned, just give us a call eight hundred and

(12:08):
nine four zero six nine seventy nine and let us
know you've heard us talking about these events on the
radio and you're interested in attending, and we'll make sure
we save a seat for you. Folks. We really appreciate
you tuning into the Road to Retirement Show. It's good
to be with our audience out there. To my longtime listeners,
just a quick shout out. Really appreciate you guys, and

(12:30):
if you're new to the show, welcome in. Continue to
hang around. We're going to come back in the second
segment and we're going to continue to navigate how we
can remove the pain or the strain however you want
to look at it about post planning and retirement. Okay,
right now, I want to give an offer for the
next ten callers in the next ten minutes. It's for

(12:51):
a written plan for retirement, individualized and customized just for you,
no cost or obligation, but you must be one of
the next ten callers to this and it's well worth it.
Eight hundred nine four zero six nine seventy nine. A
written plan for retirement built just for you. Give me
a call, ask me for it. I'll provide it for you.

Speaker 4 (13:12):
That sounds great, Trip, do give us a call. Eight
hundred nine four zero sixty nine seven nine eight hundred
ninety four zero sixty nine seventy nine. Well, we need
to take a quick break and when we come back,
we will continue on this journey on the road to
retirement with Trip Limehouse right after this.

Speaker 2 (13:26):
We know that you are navigating a new set of
post work stressors. We're talking about how you can navigate
through all of these inflation, healthcare, housing. We want to
help you do better in retirement. We'll be right back
to talk about just that.

Speaker 3 (13:47):
Oh, I'm glad you're here.

Speaker 5 (13:49):
I'm not sure how long it's been leaking.

Speaker 3 (13:51):
Looks like it's been leaking for quite a while. Lucky
you called this one, you did.

Speaker 2 (13:56):
I hope you can fix it.

Speaker 5 (13:57):
If I only knew sooner.

Speaker 1 (13:59):
Find the leak and your retirement plan before you end
up underwater.

Speaker 5 (14:04):
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, we're
back on the.

Speaker 3 (14:23):
Road to retirement.

Speaker 4 (14:24):
Trip Limehouses zero as he is each and every week,
guiding us along, giving us a nice ride and a
peek into what we are going to find to be
a wonderful retirement. That's the idea, and it all starts
right here with a phone call. Eight hundred nine four
zero six nine seven nine. Better yet, though, let's just
have a conversation. We've been talking about the impact of
persistent inflation. We talked about rising healthcare. All right, let's

(14:47):
continue down the list.

Speaker 2 (14:48):
Trip Well, not something anybody ever wants to face, that's
absolutely for sure. It's longevity risk, the possibility of outliving
your money. But folks, the risk is very real. Here's
why we're living longer. Americans are living longer, and this
in itself is good news, but it comes with the

(15:09):
challenge of funding a retirement that may last twenty five
or thirty years. So reality is, folks, you may be
in retirement longer than you were in your work environment.
In fact, a twenty twenty five nationwide survey found forty
seven percent of retirees fear outliving their money more than dying.

(15:33):
And that makes sense because when you're six feet under,
you don't really have to pay any more bills.

Speaker 3 (15:40):
There you go, when I'm.

Speaker 2 (15:43):
It's just the truth, right, that's right. I've never never
heard of a dead person that has to continue to
paying bills other than the state taxes now that will
get something for that one. Yeah, a person can be
dead and then they whether they realize they or not,
if they haven't planned properly. There's a state taxes, could
you know, be the last bill it has to be paid,
you know. But for those living, you know, we have

(16:08):
to stretch income we had, you know, we have to
stretch it. I mean, when the person stops working, the
money has to begin working, and the money has to
work in such a way that it never stops working.
There at least needs to be a part of a
person's plan that does what I'm talking about right now.
And quite frankly, I don't know if it's the number

(16:28):
one mistake that people make. It's kind of hard to say.
What is the number one mistake people make, but not
planning properly for guaranteed income for an individual or a
couple that can that can really lead a person down,
you know, a dead end in retirement. And I mean

(16:52):
so I know I talk about it often, but we
do these events and we kind of do surveys of
our audience. Well, I like to ask this question to
people that attend. Hey, has anyone in the room ever
known someone that retired and then went back to work
not because they wanted to, but because they had to.
And you know, many many hands will go up, Steve,

(17:15):
I understand. And the point I make that people is, look,
that is longevity risk. That person that you know about
who went back to work because they had to, they
ran out of money, they were subject were all subject
to it, but they didn't plan properly for longevity risk.
It's the number one risk you faced during retirement, folks,

(17:36):
running out of money, outliving your money. So I want
to just teach you how you can stretch your income. Okay,
a couple different ways. We can optimize social Security. We
can make sure that you are choosing the best time
to file for your Social Security benefits so you get
the maximum out of it and you optimize it, okay.

(17:58):
And there's a specific way that we do this. We
only function from a fiduciary capacity making recommendations in your
best interest. So we're doing something like the Social Security Roadmap,
and that's a document provided to you by an expert
like myself, like my investment advisor, Jonathan O'Reilly, and it
identifies the best time for you to file for your

(18:19):
Social Security benefit. Okay. It takes into account your individual scenario,
your goals, your objectives, your savings, your risk tolerance, all
that stuff, okay, and at pinpoints the best time for
you to file for your Social Security benefit. Folks, if
you're out there right now and you do not have
a Social Security roadmap, call me right now eight hundred
nine four zero six nine seventy nine and ask me

(18:42):
for the no cost or obligation social Security Roadmap and
I'll provide it to you. So that's one way we're
helping make sure that this longevity risk doesn't affect you.
And then we're also we're also helping you with protected
income sources. Okay, think about this, folks. You ensure your
house and you ensure your car. Don't you think that

(19:03):
if there is ever something to ensure, it would be
your retirement. I mean, thinks well, heck yeah, heck yeah.

Speaker 3 (19:11):
I mean, and when you say it that way, it
just makes sense.

Speaker 2 (19:15):
Why not. Why wouldn't a person ensure a part of
their retirement. I've been talking the whole thing, but a
part of it, right, I mean, why would anybody go
into retirement or be in retirement and not have some
underlying guarantee built in, you know, to the equation? Why not? Well,
I think I know the reason. That's because most people

(19:37):
aren't aware that they can have this as an option, Steve.
So we talked about it time and time again, the
personal pension plan. And you know, folks, if you're out
there and you have a pension and you have not
started your benefit yet, that's a major life decision that
you're gonna have to make, okay, and typically it's irreversible
once you make it. So we offer the pension analysis

(19:58):
and that can help you determine the best time and
way to take your pension. Okay, So ask us about
the pension analysis. Now, for some people it's just option A,
B or C. Like for a lot of state employees
we work with Peeba manages their retirement and they just
have these three. Doesn't that sound Steve? I could be
simple just having option A.

Speaker 3 (20:17):
B or C, right, seems like it should be.

Speaker 2 (20:19):
Yeah, okay, well I'll just go with this one.

Speaker 3 (20:21):
Yeah, but it's not that simple, No.

Speaker 2 (20:24):
It's not. So much goes into the figuring out. Okay, yeah,
option B is the best option. See, I mean so
much goes into that, that thought process.

Speaker 3 (20:33):
And hunk of C and then a little be just
for fun, right, yeah.

Speaker 2 (20:37):
Right, It's like an alphabet soup, you know. Yeah, but
you know, people wonder about that. But you know, for
some people, they just have the option to only take
income and they have to decide when to take it
and if they want a survivor to you know, maintain
it when they're not here any longer, that type of thing.
But some people have a cash balance pension plan. Okay,

(20:57):
I'm talking to the Blue Cross people right now, talking
to the Dominion people right now, and the list goes
on and on and on. If you have a cash
balance pension plan, then you really need to learn how
to protect your income. So you also could just take
the income that your plan is offering you or with
a cash balance pension plan, we can set up an

(21:18):
IRA for you and you can roll over the lump
sum into the IRA and potentially have greater income. Okay,
So when we do the pension analysis for people, Steve,
we're helping them understand, hey, yay, what your employer is
offering you and you should take it. Or as in
the case of a retired Dominion employee that we brought
on last month, we were helping that new client roll

(21:43):
over their cash balance pension plan and get a higher
income than they would have received through the company. This
income that we did last month, that we created a
personal pension plan for our new client, and I believe
the income was around nine percent higher annually, same underlying
guarantee I mean for life, guaranteed for life. Couldn't outlive
the money.

Speaker 3 (22:02):
Fantastic.

Speaker 4 (22:03):
I mean again, it makes so much sense to work
with an advisor like you that understands that.

Speaker 2 (22:09):
Well, we got to help people with this. So I'm
getting the word out that you know, we don't want
you to run out of money, Okay, we never want
you to face that. And I mentioned in the first
segment controlling the controllables. Well, this is how we help you.
We talk about the things that you can control when
we teach you how to control them. And we're doing
it all from that fiduciary capacity, only making recommendations in

(22:31):
your best interest. And also one final thought on how
to you know, counter longevity risk is, you know, it's
really important to have an income and a distribution plan.
Probably Steve ninety percent or more of people that we
ever encounter do not have an income and a distribution plan.

(22:53):
And you know, it's crazy, what's that we see people
with millions of dollars. I mean, in general, we're working
with seven figure portfolios. We're helping the wealthy people become wealthier,
that's one of the things we do here. But we
see people that come to us with millions of dollars
in a portfolio and they don't have any of the

(23:15):
things that I've just mentioned. They don't have a social
Security roadmap there no one's ever advised them, hey, this
is the best time for you to file for your
socialcrety benefit. They don't have a protected income source that
they don't have guaranteed income for life, and they don't
have an income and a distribution plan. And an income
and a distribution plan is a plan given to you

(23:35):
by an expert like myself. I'm an expert income and
distribution planner, and so is my advisor, Jonathan O'Reilly. We
make sure that you know where to take money from,
when to take money, how much to take, and how
long it's going to last. We incorporate all that into
the plan. And quite frankly, folks, that's what it comes
down to is working with experts in this area, and

(23:55):
so many people's team that come to see us, they
just tell us that we're different for many reasons, but
one of which is they people are recognizing right away
that we're specialists and this is the stuff we talk about.
So I'm very thankful that we can do that. You know,

(24:16):
there's just again post work stressors, you know, retirement stressors, folks.
You're navigating a new set of of rules, and you know,
we want to remove these pressure points from you that
you're facing right now. We want to start relieving the
potential pain that could be there that you might not
even realize yet. Some of these things we're talking about

(24:38):
people don't encounter until years into retirement, and then sometimes
it's just too late to do anything about it. So
now is your time Okay, now is your time. And
I hope that just in conversation on this segment, perhaps
somebody out there has picked up a sense of urgency
to do something for yourself that will help you to

(25:01):
succeed more and this very important party for your life
called retirement. So if that's you, I want you to
give me a call right now eight hundred nine four
zero six nine seven nine and ask me for the
written plan for retirement. This is individualized and customized just
for you. I'll provide it to the next ten callers
at no cost or obligation. And this is not something

(25:23):
that we'll just email you or send to you. You
must come in and go through our process to receive this.
Okay again, an individualized, customized written plan for retirement. It'll
do all of the things that we've been talking about,
and a whole lot more, no cost obligation. Call in
right now.

Speaker 4 (25:38):
Good idea trip is advice like that that shows you
just how important it is to meet with a financial coach,
somebody who truly understands the ins and outs of the
financial world. So we invite you to take advantage of
this opportunity. Make sure that you are on the right
path that path, of course, is based on your risk preferences,
your budget, and your goals. Call right now eight hundred
nine four zero six nine seven nine eight hundred nine

(25:59):
four zero sixty nine seventy nine, and does it tell
Trip that you want to have your own pension plan
because he can make it happen for you well, and
we will continue our conversation with Trip on all of
that and more.

Speaker 2 (26:11):
Right after this, You've saved, you've planned, and you've googled.
And then your parent asks, so when do I stop
working and start worrying about taxes? Okay, maybe they didn't
ask exactly that, but there are questions that come up
again and again. I'm getting ready to cover the most
common questions that you are asking about your financial future.

(26:33):
And it's going to be straight talk, a little bit
of humor as always, and I'm going to give you
some actionable answers that you can use and also share.
In life, there are defining moments you may.

Speaker 3 (26:49):
Kiss the bride you got the job, buddy.

Speaker 6 (26:52):
Retirement is one of those stand out, exhilarating times.

Speaker 2 (26:56):
Hard paid m seize the.

Speaker 6 (26:58):
Day meet at no cost with our local independent team
who are here to help coach you along this journey.

Speaker 3 (27:05):
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.

Speaker 4 (27:14):
Nine we're back on the road to retirement With Trip.
Limehouse going to be an exciting segment this time where
we're headed a lot of questions if people are, asking
And trip has got some great answers lined up, already
and you can just sit down With trip or his you,
know his investment, Advisor jonathan, O'Reilly and between the two of,

(27:38):
them they can help get you to the kind of
retirement that you have always dreamed of and not Right.

Speaker 2 (27:43):
Trip mapping it, out mapping it, out having, fun helping,
people and that's that's exactly what we. Do S. Toe
EVEN i think that there's there's A i don't, know
maybe a lack of understanding of what to do to
actually prepare for this. Journey you, know people are used to,
WELL i got to, SAVE i gotta, save and you,
Know i'll invest And i'll pay down my debt and

(28:06):
things along those, lines, which by the, way all those
are very important. Things but the amount of people that
don't have a plan is just. Snaggering, so you.

Speaker 1 (28:17):
KNOW i.

Speaker 2 (28:18):
Was you've heard people talk about, well like what's your elevator, speech,
right you heard about the?

Speaker 1 (28:25):
One?

Speaker 2 (28:25):
Yeah so, Yeah like. Okay the theory behind that is
you meet somebody in an elevator and they're, like so
what do you? Do what do you? Do and you
have like thirty seconds before the next floor to like
tell them what you? Do you, know, Right so my
elevator speech, is, YEAH i build plans for, people financial
plans for people from a fiduciary capacity to get people
to and through. RETIREMENT i help them to do better
in retirement and be successful and independent and in. Control

(28:47):
and that's what we're doing here At Limehouse financial, folks
and we're really truly having fun doing, it educating you
on what to, do what you need to. Do but
at the core of, it it all comes down to
working with an expert like myself or my investment, Advisor jonathan,
O'Reilly and having a plan that's going to take into
account all of these major things that often are. Overlooks

(29:08):
so there's a big segment of the population out, There,
steve and they're currently working with brokers or agents or
advisors or, planners and they have millions of dollars with these,
people but yet they don't have an income and a distribution.
PLAN a safe money. Strategy by the, way, folks you
know we're we've been looking at the market and you,
know everything seems to be doing all right and little

(29:30):
bumps in the. Road but do you have a safe money? Strategy?
Folks do you have a part of your money in
a place where you can never lose? It? Okay And
i'm not talking about, Bonds i'm not talking about fixed income.
Securities i'm talking about something that's better than. That it's
the green line. Principle And i'm Glad i'm thinking about

(29:51):
it right now BECAUSE i know somebody listening is just you,
know really been thinking about the market and not wanting
to be susceptible to the market change the direction on
their road to, retirement which it can and it will
if you if you don't take the bull by the.
Horse so the green line, principle it's a safe money.
Strategy zero is your. Hero you can't lose any of

(30:12):
your money and you have a lot of upside. Potential
so for those of you out there that weren't aware of,
this it's it's very important for you to have you,
know a safe money. Strategy and quite, FRANKLY i see
the majority of people that haven't heard of this or
or or think they have, it but they really. Don't
and Again i'm not just talking about bonds and fixed income.

(30:34):
Securities i'm talking about something that's tried and. True or
you cannot go, backwards cannot lose any of your. Money
you have a lot of upside. Potential and by the,
way you're not limited into what you can earn just
because you you have. Safety so ask us about the
green line. Principle eight hundred nine four zero six nine
seven nine eight hundred nine four zero six nine seventy.

(30:57):
Nine all, Right so top, question And, steve we're talking
about questions that people. Ask you, know this is definitely
going to be a top one right. Here how much
DO i really need to save for?

Speaker 4 (31:08):
Retirement you must all the, time because THAT'S i, MEAN
i think we all wonder what DO i?

Speaker 3 (31:14):
Need and so we want to go to somebody who
may give us a.

Speaker 2 (31:17):
Clue, yeah, Yeah and this is like the perennial how
high is the? Mountain? Question? RIGHT i, Mean and here's the.
Thing most people still rely on old rules of, thumb
like you, KNOW i need seventy percent of pre retirement,
income which that's not necessarily a bad thing to. Think
but even THOUGH i mean, THEY i think what's not
happening is people aren't taking into account longer life. Spans

(31:39):
we've talked a lot about that today on the show
healthcare cost being. Higher we also talked about that in,
inflation the market. CHANGING i, mean there's just a lot
of dramatic things that that can just you, know come
into play in that in that whole question of how
much DO i need to save to? Retire but according
to recent, data average retirement age is around sixty, four

(32:03):
and for current workers it's expected to be around sixty.
Six so what we want to, do, though is we
want to have a goal based, Target, okay a goal based,
target and we want to formulate that goal based target
first of all around. Income so what do we always,

(32:24):
Say steve about?

Speaker 3 (32:24):
Income you gotta have.

Speaker 2 (32:27):
It you definitely got to have, it that's. Right and
income determines. Outcome income determines. Outcomes so, folks, there you,
know to some, extent you, know we can quantify how
much you really need to save for, retirement you, know
and for for every person's gonna be a little bit.

(32:49):
Different it's going to depend on your retirement income, goals
what you, need and then it's going to depend on
your lifestyle. Goals you know what you'll, want. Yep and
then it's and then it's going to depend on health, care, inflation,
taxation all those. Things, Right but at the end of the,
day the first step is not to focus on how
much do you need to save for. Retirement it's focusing

(33:09):
on what you currently have. Saved how much of that
can we utilize to give you the most important thing
that you're ever going to need during. Retirement guaranteed income for. Life,
okay guaranteed income for. Life the last segment we just
talked about. That, folks you face longevity, risks the possibility
of you outliving your, money and you know you can

(33:33):
move into retirement and face that risk and hope it
won't ever, happen or you can do something about it
today and you can guarantee a portion of your income.
Forever that would be WHAT i would. RECOMMEND i, MEAN
i like. GUARANTEES i think guarantees provide peace of, mind
comfort just, knowing like here's worst, case, right so you

(33:56):
know we're using the green line, principle the Safe money
STRATEGY i was just talking about a minute ago to
help people with guaranteed income for. Life so not only
is there principle, protected but their income is. Protected, Folks
let's stop focusing on the amount of money that we
need to retire and let's start doing some planning and

(34:18):
talking about what kind of income can we create that's
going to give you enough to meet your? Goals, Okay
and it's kind of like we work it, Backwards, steve
because once we do, that then we, say, okay you
need a million and a half bucks to do. This
i'm thinking of a client we brought on is probably
mid last, year and they came in and they asked

(34:40):
us that, question all, right how much DO i need to?
Retire and this particular client a large, portfolio like one
point eight million? Bucks how much DO i need to?
Retire and of, course on the, surface we were, like
we feel pretty good about you retiring with your one
point eight, million you probably have met your. Goal but
what we did was we worked numbers backwards because our

(35:01):
clients shared with us here's WHAT i here's here's my
budget for. Retirement HERE'S i here's WHAT i need here's
WHAT i. Want and it was a pretty big. Budget you,
know a lot of travel, evolved and a lot of
giving and just you, know some purchasing new things and
remodeling the, home and a lot went into the whole
whole planning. Process but what we were able to do is

(35:21):
look at that one point million and then work numbers
backwards to determine that the income was going to be
sustainable throughout. Retirement and it was so for that particular,
client it was good. News, hey you have achieved the
level of savings you need to create the income that
you're never going to run out of and be able
to do all the things you want to. Do so,
folks you, KNOW i just can't emphasize. ENOUGH i, mean

(35:43):
the importance of working with an expert like myself from
my investment, Advisor jonathan O'Reilly all from a fiduciary, capacity
making best recommendations in your best interest is what we.
Do eight hundred nine four zero six nine seven. NINE
i think top top question to that we Hear steve
is about social. Security sure, WELL i, mean everybody's waiting

(36:06):
for it right.

Speaker 4 (36:06):
Right, well and again it's probably one of the, biggest
if not the biggest decision you'll make going into, retirement
and if you're a, couple it's even more.

Speaker 3 (36:15):
Important and if there's any age.

Speaker 4 (36:17):
DIFFERENCE i, mean there are so many different strategies that
you can help us implement to help us maximize that
social security.

Speaker 2 (36:24):
Benefit, yeah the whole social security or when to file
For Social security thing triggers a choose your own adventure financial. Dilemma,
REALLY i, mean if you take benefits, early it's it's
really it's crazy you take benefits. Early, yeah you know
people are locking in lower income delay and you might
risk needing. Money now wish you started. Sooner but that

(36:46):
whole social security, roadmap, folks when we point out to
you from that fooduciary, capacity the best time for you
to optimize and maximize your. Benefit that's what you need for.
This so when to take Social security that we're helping you.
With that is Social security. Expert we do this every.
Day we incorporate it into all of our. Plans as
a matter of, fact speaking of social, SECURITY i want

(37:07):
to invite you guys out there to a couple of
events we have coming up this. Week wednesday, Night we're
going to be at The Lexington County Public library at
six pm for a Social security and income planning. Workshop
it's going to tie right into what we were just
going over here on the, show and it's no cost for.
Obligation Also saturday, Morning This saturday, morning at nine thirty
am at The Lexington chamber Of, commerce we're gonna have

(37:30):
a Social security and income planning. Workshop we're gonna serve,
breakfast no cost, obligation and we're gonna have a lot of.
Fun so if you'd like to attend either one of those,
events please give us a call eight hundred nine four
zero six' nine. Seven nine let us know you've heard
about us talking about our events on the air and
you'd like. To attend we'll make sure we save you.

(37:51):
A seat right, NOW though i just want to talk
to you about how you can make sure that you
do better. In, retirement okay call us for a no
cost obligation written plan. For retirement the next ten callers
will receive. Just that it's individualized and customized just, for
you no. Cost obligation you must come in and see

(38:13):
us to. Receive this we're not going to send it
to you in the mail or email it. To you
it will be individualized and customized a written plan. For
retirement we're going to show you how to, get there
how to, stay there how to navigate all of the
stuff that you've been, wondering about and have a great retirement.

Speaker 3 (38:29):
Sounds, Great trip do give us. A call we'd love
to hear.

Speaker 4 (38:32):
From you eight hundred nine four zero six nine, seven
nine eight hundred nine four zero six nine. Seven nine
great opportunity to sit Down with trip and get that
plan put together once and. For all take advantage of.
This opportunity eight hundred nine four zero six nine seven
nine eight hundred ninety four zero sixty nine. Seventy nine
quick break back with one more segment on the road
to Retirement With.

Speaker 2 (38:51):
Trip limehouse everyone talks about, the plan but what does that?
Really mean and, more importantly where and how do? You begin,
Coming up i'm going to walk through five foundational steps
to kick start your. Retirement planning and what a great
time of the year to be. Getting together so you're

(39:12):
moving into next year strong, and steady hah. And successful
coming up next.

Speaker 1 (39:23):
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 limehouse

(39:44):
financial eight hundred nine four zero sixty nine, seventy nine
eight hundred nine four oh sixty nine.

Speaker 4 (39:52):
Seventy nine we are back on the road Retirement With.
Triplin house this has been a fun drive today going
through a lot. Of things your personal. Pension plime we
talked a lot. About that we talked about how much
money you really need, to retire and now we're going
to get into some other areas that are going to

(40:13):
help us decide when it is the right time. To
retire and we start at, the beginning, you know with
what is your time horizon and trip that's got to
be one of the first questions, you ask when do
you want?

Speaker 5 (40:25):
To?

Speaker 2 (40:26):
Retire yeah even more so than, you know like tell
me about what you've saved right dat or where are
you with? Your savings, IS yeah i kind of when
are you thinking you want to? Do this and for
some people it's, Like yesterday and then some people ARE
like i like, my job, You know i'm comfortable. IN
it i like to do it for another, you know two,
or three four years or something. Like that but you,

(40:48):
know this it's. Really translation what we're asking is how
long until you want to stop working or or how
long do you think you'll live once you once you do.
STOP working, i mean the average retirement age today In
The united states is it's around. SIXTY four a lot
of people are, working longer either by choice or. Maybe

(41:11):
necessity and, you know we're just living longer stif some
people are living well in their eighties, or nineties and
so this whole possibility of a twenty or a thirty,
year retirement it's really not like. Atypical anymore it's more,
like normal. You know, so FOLKS what i would say
is the longer, your horizon the more growth that your

(41:35):
portfolio is going to need and the more that it.
Can handle so just remember inflation that's kind of, like
termites invisible at first but destructive. Over time so when
we're talking about your, time horizon it helps us to
help you determine how much risk your investments can take

(41:55):
now and how long your money is going to need.
To last AND so i, love, you Know So, steve
jonathan O'Reilly my. INVESTMENT advisor i love how he's helping
people navigate this time horizon and risk tolerance thing because
we're professionally managing money Here At, limehouse financial and there's

(42:17):
two reasons for money. At risk, number one we want to.
Outpace inflation, number two we want to grow the money.
Over time but if someone's time horizon is, you, know
less then we have to do things a little, bit, Different,
RIGHT so i mean a lot of times we're working
with people who are. Already, retired recently we've brought on

(42:37):
a couple as clients and they become they had become
dissatisfied with their current level of service and expertise from
an existing advisor that they were working with at seventy five,
years old they did not feel comfortable with who was handling.
Their money and, you know they heard us on, the
radio so they, called in made, an appointment came in to,
see us and we just talked. With it we didn't

(43:01):
talk with them about when do you want, to retire
because they were, already retired but we did talk with
them about, time horizon like, you know like how long
do you think you're going to? Be around and, you
know nobody ever really, knows exactly but we just estimated
maybe another twelve or thirteen years. Or so and we
went to the drawing board for them and what we

(43:22):
found was that the person that was helping them with
their money before they became our clients was had them
in just too risky of. A portfolio and again risk,
is important but too risky is. Not good so they
kind of knew something was a little. Bit off and
anyway they, became clients we helped them figure out their

(43:42):
time horizon for investing and we adjusted. That risk and,
you know we're just well on the way to successful,
you know duration of retirement folks that could be you
eight hundred nine four zero six nine, seven nine we're
working with you to help you have a. Better retirement
we're helping the wealthy people, become wealthier something that, most people,

(44:05):
you know really want to continue to do. Throughout retirement
so knowing that knowing the time horizon. Is important, you
know a, hundred times one hundred times we've said you need.
A plan you just you need. A plan but sometimes
the hardest thing is just knowing where. To start and
and THAT'S why i like what we do here is
because that's. Our Job, like okay where, Are you we're

(44:27):
going to help you begin this. Whole process, And, also,
steve so a lot of people, out there they think
they have, a plan but they only have. An account
they just have a place where money, is located.

Speaker 3 (44:38):
You know and there's a.

Speaker 2 (44:39):
Big, DIFFERENCE yeah, i MEAN we're i mean it's good
that they have a place where money, is located but,
it's not, you know gonna get you where you want. To,
Go YEAH and i. DON'T know i think also, so
folks if you're out there and you're just feeling uncomfortable
with who you're, working with or maybe there's been a change.

(45:01):
IN relationship i mean a lot of the big box
retailers have an advisor that'll work there and, then retire
or maybe a new advisor will. Come in it could.
Be anything but if you're feeling a little uncomfortable and
you want a second opinion on what, YOU'RE doing i
want just call me. Right now i'll offer that, to
you a no, cost obligation a. Second opinion eight hundred

(45:21):
nine four zero six nine. Seven nine i'm thinking about
some events that we have coming up. THIS week i
want to invite everyone out there. To them by, the.
Way folks you can always Visit limehouse financial dot com
and check our events tab to see where we're going to.
Be next but, this Week, on wednesday we're having a
no cost Obligation social Security And income. Planning workshop it's

(45:45):
going to be At The Lexington County public library and
it's going to be at. Six pm we'd love to have.
You there in addition, to That, on saturday we're Having
A social Security And income planning workshop and that's going
to be at The lex Chamber of commerce at nine
to thirty Am on. Saturday morning breakfast. Is included we'd

(46:06):
love to have you there to no cost. Tora obligation
if you'd like to attend either one of, those events
please give us a call eight hundred nine four zero
six' nine seven nine and let us know you heard
us talking about it on the show and we'll make
sure we save. You a seat, so, you know again
what does having? A plan mean where? Do you begin
so there's some foundations we were. Just talking about one

(46:27):
of them knowing. Your time horizon this. Is another foundation
you got to understand. Your spending, needs you, Know, It's
perplexing steve what's that a lot of people out there
just don't understand. Their spending needs and there's a myth that,
people succumb to and The myth is i'll just spend.
Less in retirement but. HERE'S the truth. I don't know.

(46:51):
Maybe maybe not according to a twenty twenty FIVE Report,
from jp morgan it showed us that many retirees spend
just a, small amount left maybe fifteen to twenty percent
less than their. Pre retirement income and, some get this
even spend more in, retirement on travel. HOBBIES and healthcare

(47:11):
i think that's especially.

Speaker 3 (47:12):
EARLY on trip, I would agree i want to spend.

Speaker 2 (47:15):
More, early on, YEAH and well i mean we want
our clients to spend. Money early on that's the go
go years when you're going, and doing it, and you
should you should, spend. Your money right we have to encourage.
People to decumulate it doesn't it's not a. Scary process
decumulation it just has to be done in such a
way that you don't, outlive, your money okay and that

(47:38):
you have good strategies in place with local Fiduciaries Such.
As limehouse, financial you know we'll put it, together. For
you folks the key. Is be realistic if you haven't paid,
off your mortgage or you've got a big healthcare, cost that's,
looming you know retiring on seventy percent, of your income

(47:58):
that just might not be the the rule of. Thumb
for you you got to ask yourself what does your
day to day lifestyle really look like and how much? Does?
It cost okay on our website, limehousefinancial dot com under,
the resource tab there's. A budget worksheet encourage all these
guys out there to visit limehousefinancial dot com under the
resource tab print. That budget worksheet print as many. As

(48:20):
you need let's go through and take a look at
what it costs. You, to live okay that's your. Retirement
income goal and then you add your lifestyle. Income. To
that okay and then we got to, account for, taxes
healthcare inflation long, term care, planning estate planning all that. Into,
The plan okay so we're talking about what does the?

(48:41):
Plan look like where? Do, you begin well where you
begin is by calling us eight hundred and nine four
zero six nine seventy nine and asking us. About the
plan we'll build. It for you so pretty. Good stuff
here we also got to look at people calculating there
after tax. RATE of return I think that i think

(49:02):
that gets lost in. Translation FOR people.

Speaker 3 (49:04):
Oh, I thought oh i know. It does trip let's
talk about it.

Speaker 2 (49:06):
For, A second, well i mean how much does a
person's money really need to earn after taxes and inflation to?
Support their goals so this is kind of where the
guesswork has to become. The math work and it's not
just about hitting a number and. The retirement account it's
about whether that number works once you start drawing. Income from,
it and yes taxes matter withdraws from traditional retirement accounts

(49:31):
like a FOUR to ONE k or, I or taxable
so that million, dollar, nest egg folks it might really
be more like seven hundred and fifty thousand when it's all.
Said and done so that's why you knowing you'll required,
after tax return which we will show you that it

(49:52):
helps you move in, the right direction have the, correct
investment mix have the proper, with all strategies and have
income for a life that you. Can't ever outlive that's
the type of work we're Doing here at limehouse financial
income and. Distribution planning experts folks don't forget. Estate, planning
either okay we're talking. About the plan what? Does it

(50:16):
entail where do you.

Speaker 4 (50:17):
Begin well, trip oddly enough that is the theme of
one of your seminars, this.

Speaker 2 (50:22):
Week now yes thank you for. Bringing that up we've
got two estate planning, workshops this Week one, on tuesday
Night one, on thursday night six thirty Pm At the Lexington.
Chamber of commerce no. Cost for, obligation you know. We
get it estate planning sounds like something, only billionaires do
but if you, have a spouse, kids at home or you,

(50:45):
just you know a preference for who, gets your stuff
you got to have. An estate plan you, need a,
will power attorney, healthcare. Power attorney, trusts you know we
need to. Review beneficiary designations and if you're WONDERING when should,
i do this the answer is before. You need It
that's Why, i'm having yeah it. Just makes sense that's
why we're having these two. Events This week, this tuesday
night six thirty Pm At the Lexington. Chamber Of commerce,

(51:07):
this thursday night six thirty Pm At the Lexington chamber
of Commerce In, estate planning workshop. No cost obligation come
on out learn about estate planning and how we can help.
You with it eight hundred nine four zero sixty. Nine
seven nine folks don't aim for perfect just.

Speaker 5 (51:24):
Aim.

Speaker 2 (51:24):
For progress okay if you've been listening and thinking that
you haven't found any of, these foundational things. You're not alone.
NOW'S the time i want to help you walk through
each of them in a retirement. Planning discovery, session no,
pressure no buzzwords just a clear plan that starts where
you are and takes you where you. Want to, go
and yes we'll. Provide the coffee so if you're listening

(51:46):
right now and you'd like that retirement, planning discovery session,
no cost obligation give me a call eight hundred nine
four zero six nine seven nine eight hundred nine four
zero six nine seven nine ask me for the retirement
planning discovery session at no. Cost, FOR you hey i
just want to give a shout out to all of my.

(52:07):
Clients out there, We love you thank you. For your
business you mean so. Much to us, AND as always
i want to mention. MY wonderful wife i love, You,
so much honny thanks for being. My, Best friend folks
tune in next week for another great Episode of The
Road to Retirement Show. With limehouse financial we look forward
to hanging, out with you spending, time with you and
helping you do better on this journey. Until next time.
God bless you.

Speaker 7 (52:36):
If YOU remember These tv shows you're getting, ready to retire.

Speaker 2 (52:40):
And everybody see a big pair, of feet.

Speaker 6 (52:42):
There cheesy mustache i'll, think of you.

Speaker 2 (52:45):
YOU guts Well i hate.

Speaker 7 (52:49):
I'm one guy who ain't prejudiced against anybody who maybelship.
Pity to me it kind of sneaks, up on. You doesn't.
It oh geez you deserve a secure, or independent retirement
our retirement that is prepared to handle, pitfalls like, inflation
health emergencies, stock market. Volatility and taxation you worked hard

(53:13):
for your money and will work just as hard to
protect it. And grow it retirement planning doesn't have. To
be difficult get the facts based approach that you deserve all,
at no cost. With no Obligation call The road To
retirements trip limehouse eight hundred nine fours zero sixty nine

(53:34):
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