Road to Retirement 12-13-2025

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):
Retirement used to mean a recliner and a remote. Now
it's pickleball games, passion projects, and the occasional second act
that somehow turns into a small business. Hey, if sixty
five is the new forty five, how should we rethink
retirement so it's fulfilling and not just a really long weekend?

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

Speaker 2 (00:49):
The road to retirement is a long one, and if
you just don't want to make wrong throng.

Speaker 1 (00:54):
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 (01:02):
It's the perfect amount to map it out. That road
to retirement is key.

Speaker 1 (01:07):
Is key you get on the road to financial security
and independence. Just like many of Trip's happy clients and
retirement partner.

Speaker 2 (01:14):
My money is safe using the green line principle that
you taught me about. Thank you so much.

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

Speaker 2 (01:28):
Welcome in.

Speaker 3 (01:29):
This is the Road to Retirement with Trip Limehouse guiding
the way he's been guiding folks into retirement for more
than twenty years. You'll find him at Limehouse Financial, where
the created the green line principle. We'll talk about that
before the day is through, and so much more. Trip
has always a pleasure.

Speaker 2 (01:45):
Good to be with you, Steve, and also with everyone
out there in radio land. Welcome into another great episode
of the Road to Retirement Show. I hope everybody out
there is doing good and preparing for Christmas. It's very quick,
quickly approaching, Steve.

Speaker 3 (02:01):
It really is sooner than later. It's hard to believe
that it's already here.

Speaker 2 (02:06):
Yeah, that time of year a wonderful time of year.
I'll tell you what though, talk about getting you talk
about retirement and maybe not being like I used to.
People are more active now than ever before. A lifestyle
is a big thing and we're living longer. And I
thought it would be fun just to kind of talk
through this because really modern retirement is it's kind of

(02:28):
getting a makeover. Wouldn't you agree?

Speaker 3 (02:30):
I completely agree, because just because of longevity and people are,
like you said, we're taking better care of ourselves and
therefore we can do more for longer.

Speaker 2 (02:40):
Yeah, I mean, people aren't necessarily winding down and at
sixty five, they're just all kind of re energizing and
getting going right. So, you know, Investipedia it points to
research suggesting that live expectancy here in the United States

(03:00):
could rise to eighty five and a half by the
year twenty sixty. And that makes retirement less like a
finish line in more like a whole new season of life.
So we just wanted to talk today about what makes
retirement the happiest for people and the healthiest for people.
And we wanted to kind of get into talking about

(03:22):
relationships and purpose and activity and why planning your life folks,
may be just as important as planning your money. And
we really talk about it a lot here at Lifehouse
Financial that retirement is more than about just the money.
It's about the person. So I'm really excited to get
into this today, Steve.

Speaker 3 (03:41):
All Right, so let's start with some questions getting again,
being more active, staying active longer. So is retirement still
stopping work or is it simply switching work?

Speaker 2 (03:52):
What's your Yeah, I think that really just depends on
the person and kind of what they're after, what their
goals are, how they feel and think about things, you know,
where they're finding their sense of purpose. I mean, going
back to what we mentioned a second ago, Investipedia highlights
that many retirees are staying engaged, which is always a

(04:12):
good thing. And they're staying engaged through hobbies, socializing, volunteering,
and even you know, ongoing work and by choice. That
would be the key, folks, if you're retired or going
to retire and you go back to work. We wanted
to be a choice, not forced. There's a big difference there.
So I see clients you know that are thriving, Steve,

(04:35):
and I pay attention to what they're doing with their time,
and also pay attention to what you know. Some warning
signs are when I'm talking to somebody that retires and
and you know they're not They're not really doing things
and they're not retiring to do something. So you know,

(04:56):
it's it's very interesting that dynamic because you know. So
have you ever heard that heard that that slogan move
it or lose it. I think that's how they say it, right, Yep,
that's it's very very true. I mean we need to
stay active at like physically, we need to do things
and keep moving right, so stay in shape or whatnot.
But you know, the same thing ties to emotions that

(05:20):
tied to like since a since a purpose for people.
So I would say here at Limehouse Financial, the clients
that we see thriving are the ones that are are
you know, constantly seeking ways to give back and to
do things for other people. You know, they're they're they're
they're doing things that are really making them happy along

(05:41):
the way. I just did an annual review with the
client who's been with us since twenty nineteen, and I said, hey, Alan,
you know, how's it going. And we just were chit chatting,
catching up and and I was just so thrilled because
he was shure with me how he and his wife
he's a retired pastor, but he was shared with me
how he and his wife for still doing ministry things.

(06:02):
You know, they're they're still doing pastoral counseling. Uh, they're
working with young adults. So these these clients are in
their early seventies, so they're working with young adults and
and kind of mentoring them in marriages and in life,
and and then still doing some still doing some preaching. Uh,

(06:23):
not not even for compensation, but just because he chooses to.
And you know, like I observe that, and I just
see a retired couple that's just thriving. They're they're not
in the recliner, they're not all in the remotes, just
sitting down doing nothing.

Speaker 3 (06:36):
So I would think as a you know, as a
as a minister, a preacher, I mean that would be
hard to stop. I mean, that becomes your life force.
So I can understand while he's going to keep talking,
keep preaching.

Speaker 2 (06:47):
Makes sense, Yeah, And what I want to encourage, So
that's definitely you know, not stopping working, that switching work, right,
you know, that's by choice. But I would encourage folks
out there to to really, even before retirement, start you know,
thinking about the things you're going to do in retirement.
You know, we obviously want to focus on the money

(07:07):
because the money is going to facilitate our ability to
do things in retirement to maintain our retirement living expenses
to maintain our retirement lifestyle. But we got to take
it a step further because if we don't, then we're
going to be like, let's just say, you know, a
flower or a plant that just never gets water, doesn't
get any nourishment, and it's just kind of kind of
going to wilt and you know, and become something that

(07:30):
never was before, not be healthy. So we want to
be healthy moving forward in retirement. Eight hundred nine four
zero six nine seventy nine. Limehousefinancial dot com. Folks, we
help the wealthy people become wealthier. We help you do
better with your money. We are planners. That's what we do.
We build you plans to get you to retirement and

(07:52):
through retirement. If you would like a written plan for retirement,
give me a call right now. Eight hundred nine four
zero six nine seven nine. Eight hundred nine four zero
six nine seven nine. The written Plan for retirement maps
out your social security It defines the best time for
you to file for your benefit to get the most
out of it. The written plan for retirement gives you

(08:14):
an income and a distribution plan, so you know where
to take money from, when to take money, how much
to take and how long it's going to last. The
written plan for retirement shows you how to minimize taxes
during retirement. It does so much. It really helps you
to do better moving forward, whether you are already in
retirement or whether you are about to be eight hundred

(08:37):
nine four zero six nine seventy nine Limehouse financial dot com.
We're having fun helping people, So talking about the whole person.
How about the next one? I'm you know, why do
relationships suddenly become the real retirement plan?

Speaker 3 (08:53):
Steve Well, I think that that's a great way to
say it, and I think people don't realize how important
it is to have that sort of counterbalance as we
get into retirement, just to just from a motivation standpoint.

Speaker 2 (09:06):
So we always were researching and doing, you know, seeing
what these studies say. This is we mentioned one today
already through Investipeda. Now I'm going to talk about another one,
the Harvard Study of Adult Development, which is famously long running.
By the way, it's shown that close relationships strongly relate
to help and happiness over time. And so a question,

(09:28):
you know that I'd like to poise to our listeners
is that how, you know, how are you going to
build social routines, okay, especially if work used to provide
most of the community for you. So going back to
what I was talking about in a minute ago, Steve,
I want to encourage people to start thinking about what
it's going to look like when they arrive at this destination. Okay.

(09:53):
And again we need to absolutely have the four letter word,
the p L in for the money. We've got to
establish that, okay, but we just cannot forsake the person.
And that's what we're talking about right. The second is relationships,
and we do see that a great number of people

(10:15):
who are currently working and about to retire, Okay, they
are finding fulfillment from their work for many different reasons.
And one of those reasons is because they form close
relationships with people that they work with. And that's a
good thing. So folks, we've mentioned it before on the show,
but you know, maybe some of those people that you're

(10:37):
close to have become friends with, you know, start doing
some things outside of work if you are not already
doing that. I mean, maybe a get together at the
house for some dinner, or you know, maybe some recreational activity,
you know, getting out on the lake, going for a
boat ride. Although not right necessarily right now in the

(10:58):
middle of the winter. But you know, just some things
to do, right I mean, you know, some sporting events
or whatever.

Speaker 3 (11:03):
Right, Well, I mean I'll give you an example. I mean,
we were at a little what's called the beer garden
a few weeks ago, my wife and I and the dog.
They're very dog friendly there, and so anyway, we noticed
people coming in and they it was a large There
must have been fifty people that were from a retirement community,
all right, you know that fifty and above. They were

(11:24):
having the best time. That's the kind of socialization we're
talking about.

Speaker 2 (11:28):
Yeah, well, the beer garden, it is always a good
place to do that, or in the rose garden whatever, right,
you know. But I think thank you, I mean thank
you for sharing that, because that is a classic example
of people making a choice to do something together collectively
and really further relationships. And folks, we want you to

(11:48):
continue to do that. You know, we're just talking not
only about money and financial planning and financial advice, but
we're talking about you as a person. And that is
a big difference that people have shared with us, that
they have noticed and encountered by working with us here
at Limehouse Financial my investment advisor, Jonathan O'Reilly and myself,

(12:09):
we really care about the people that we're talking with, Okay,
And for most that come and see us, that's a
new experience they've previously encountered only a person they're meeting
with talking about their money or a rate of return
or a specific product or specific strategy, and all that
is important, But you know, the most important thing is you, you

(12:30):
as a person, and right now, for those of you
that really care about yourself and care about those around
you and love love others around you, you know, if
you care about yourself and you want to make sure
that you are moving into this next stage of retirement
and specifically from a financial perspective, do as good as

(12:52):
you can possibly do. You want to become wealthier, you
want to do better with your money, you want to
succeed in retirement. I want you to call in right
now eight hundred nine four zero six nine seventy nine
and ask for the written plan for retirement. This is
going to help you do better in retirement. We're going
to take care of all of the things that play

(13:14):
into you being successful. Taxation, income planning, safe money strategies,
professional money management, all of that and a lot more.
We're going to tie it together in a written plan
that's individualized and customized just for you. The next ten
callers will receive what I just mentioned at no cost
or obligation. Eight hundred nine four zero six nine seventy nine.

(13:38):
Call in right now for your written plan for retirement experience.
The difference here at Limehouse Financial.

Speaker 3 (13:45):
Trips is available right now eight hundred ninety four zero
sixty nine seventy nine. We're going to take a quick break.
We're going to come right back and continue here on
the road to retirement with trip Linehouse.

Speaker 2 (13:53):
A longer, more active retirement sounds amazing until you realize
active can be insive and long is even pricier. Today
we're tackling longevity risk, income planning, social security timing, and
why retirement isn't just a number, it's a cash flow strategy. Oh,

(14:18):
I'm glad you're here.

Speaker 4 (14:20):
I'm not sure how long it's been leaking.

Speaker 5 (14:22):
Looks like it's been leaking quite a while.

Speaker 2 (14:24):
Lucky you called this one. You did.

Speaker 3 (14:26):
I hope you can fix it.

Speaker 4 (14:27):
If I only knew sooner.

Speaker 1 (14:29):
Find the leaks in your retirement plan before you end
up underwater.

Speaker 4 (14:34):
Make sure your retirement plan is above water called Trip
Limehouse in the Team Limehouse Financial eight hundred nine four
oh six nine seven nine eight hundred nine four oh
six nine seven nine proudly serving Soda City.

Speaker 3 (14:53):
We are back on a road to retirement with Trip
Limehouse again a smooth ride. As always, Trip is late
it off for us very very nicely. That first segment
we talked a lot a lot about you know, forty
five being the new sixty five. So we're going to
continue that sort of trend and talking about the changes
that happened when we sort of get to retirement. And

(15:15):
you know, Mott, you mentioned this last segment Trip Modern Retirement.
It's a different it's a whole different animal. Even then
when when my parents retired and that wasn't you know,
that was maybe forty years.

Speaker 2 (15:26):
Ago, sixty five the new forty five something like that. Yeah, Yeah, well,
there's there's just as we always talk about, there's just
a whole lot to take into consideration. And you know,
one of the things that's often overlooked by people in
the industry, unfortunately is the person. And you know, on

(15:47):
that first segment today we did talk a lot about
the person. I really I really hope that for listeners
out there, what they're picking up on is that we care.
You know, we care, and we make a difference in
in in people's lives. So we just had a client
appreciation event recently, Steve, and.

Speaker 3 (16:06):
And I'm sorry, but I said, I'm sorry I missed it.

Speaker 2 (16:10):
Yeah, you were there the year before. You you weren't
able to make this one this year, But that's okay.
We're gonna do it again, and you'll be at the
next one, right, Yes, because everybody enjoyed you being there
and meeting you too, you know, because everybody always ask
about you and compliment shield, which which they should. Thank you,
by the way, thank you for your hard work here
on the show. It's highly valued. But we had we
had a good party, Yeah we did. We had a

(16:32):
great time. Uh. And we the Oyster Oachia Barbecue and
and had a live live band and uh just yeah,
we just had a great time. But anyway, as I
was looking out into the crowd, and by the way,
for all my clients out there that they're listening, which
is many of them, I just want to tell you,
I really appreciate you. I'm very thankful for you. We

(16:52):
couldn't do this without you, So thank you for allowing
us to work with you. We we appreciate it very much.
You mean a lot to us. But I was looking
at out of our clients that you know, when we're
doing that event, and I was just thinking, you know,
to myself, hey, what you're doing makes a difference in
people's lives, and and it really does, because we're we're
changing people's lives. And our clients are telling us that

(17:15):
you know, you're you're help and they're saying you're helping
you have help, you are helping us do better in retirement.
And so anyway, I hope for maybe if there's someone
out there that's listening that's never heard before. You're a
new listener, welcome into the show. You're in a great place.
I mean, we are income and distribution planning experts, social
security expert experts. This is what we do. We provide

(17:39):
you with plans to get you to and through retirement,
and we're helping wealthy people become wealthier and that's really important.
We're helping all people just thrive and do better. But
you know, going so I hope that the underlying thing
is that people are picking up on that and maybe
that's piquing their interest and they're wanting to experience something different,
and we offer that here at Limehouse Financial eight hundred

(18:01):
nine four zero six nine seven nine. But you know,
I mean, I think that modern retirement, it definitely can
be vibrant, but it also changes the math we mentioned
to study in the first segment today. Through Investipedia, here's
another one. Investipedia points out that travel and socializing cost money,
and volunteering doesn't pay, and a long retirement might require

(18:25):
intentionally funding two plus decades of lifestyle. So we just
want to point out to our listeners in this segment,
maybe how to pay for some of the good stuff
without accidentally turning, you know, eighty eighty five and then
having to unretire. You know, And what does unretired mean? Well,

(18:46):
it means you've run out of money. You've succumbed to
longevity risk, which is running out of money and you
have to go back to work. I want to talk
about that for a moment. So longevity risks eve the
possibility of a person outliving their money. It's it's a
number one risk that retirees face. We talked about it
over and over and over and over again, and we're
not going to stop talking about it because people need

(19:08):
to know that they can face it head on and
they can do it with confidence, knowing that they're not
going to outlive their money. And how can they accomplish that, Well,
it's by working with an income and distribution planning expert
like myself or my investment advisor, Jonathan O'Reilly talking through it.
It's one of the risks that is controllable, Steve, and

(19:29):
that's good news for people out there. So we want
to focus on things that we can control. It's you know,
it's the if you want to call it this, it's
the nice problem that scares people. I mean people are
living longer.

Speaker 3 (19:43):
Longevity the nice problem that scares people. I like that
that's a good one to say.

Speaker 2 (19:46):
Yeah, yeah, I mean if people are living longer, that
that's a great thing, unless their money doesn't live as
long as they do. So I like to explain longevity
risk in a way that doesn't make our listeners feel
like retirement. It is just one long jump scare you know,
how do we how do we do it? Well? We

(20:07):
talk about it, We help you to understand it. And
one of the things that we do is we we
show you strategies that can you know, take it away,
that can take the longevitay school away from you. And
and I'm thinking of one right now. It's the Personal
Pension Plan, the personal the triple P, the personal Pension Plan.

(20:27):
And it's great. So, folks, if you're out there and
you have a pension, you're very fortunate because less and
less people have pensions these days. Okay, Now employers are
putting the burden of retirement upon the employees more so
than ever before. And by the way, that all that
all transpired in the late seventies when the government came

(20:49):
out with the four hundreds, and the four hundreds have
to do with the Internal Revenue Code. The four hundreds
they have to do with the four to one K
four or three B four fifty seven and and that's
and everything that's the four the four hundreds right tax
deferred retirement accounts. And by the way, folks, if you're
out there and you have a four to one K

(21:11):
and you're over fifty nine and a half, I want
you to pay close attention. You have the ability while
you're still working to roll over your four oh one
K into an IRA, which we can set up for you.
It's not a taxable event. You're not penalized for it
since you're over fifty nine and a half. And the
reason to do that is because by rolling your money

(21:34):
over from your current account at work, and I want
to make sure you understand, it's not a plan at work,
they call it a four to one K plan, a
four to fifty seven plan, but it's not. It's just
an account, okay. So by rolling over your money after
age fifty nine and a half, while you're still working
into an IRA, you give yourself way more investment options,

(21:57):
potentially lower fees, a whole lot more upside potential. And
the best part about it is you have a plan
and you're you're in charge of it. So if you
want to know more about that, call me right now
eight hundred and nine four zero six nine seven nine. Okay,
we'll teach you how to do that. And it's a

(22:18):
very simple thing. And by the way, you can still
work and roll over your four one K, you just
have less money there and you can still get the match.
But you know, back to the triple P, the personal
pension plan. A lot of people you know have friends
that have pensions. And they hear how great they are,
and then they're like, well, I would like to have one,
and they're not really sure or don't know how they

(22:40):
can have one. Pensions are awesome because they take this
whole what we're talking about now, longevity risk off the table,
because when you have a pension, you cannot outlive your money.
You cannot outlive your money, and that's something that's very important. Okay,
So the personal pension plan is a way for you
to take longevity risk off the table. And we talk

(23:02):
about it all the time. We're going to keep talking
about it. I want to help everyone out there understand
that you you you never have to run out of money.
You never have to run money. So we're talking about
living longer, the potential risk of living longer, the problems
associated with it, and one of them out of many
is possibly outliving your money. The solution is the personal

(23:25):
pension plan. So you know, if you don't have a
pension and you would like one, eight hundred nine four
zero six nine seven nine is the number, ask us
about the personal pension plan. And by the way, if
you have a pension and you would like to have
an additional pension, this strategy works well for you also,

(23:45):
so you know, is the real retirement goal a number
or a paycheck? That's a that's a question I want
to ask. It's a great question.

Speaker 3 (23:53):
And it's a fine line too, isn't it. I mean,
ultimately it needs to be the paycheck. Well, I mean
it's also retirement. I mean that's a that's a fine line, and.

Speaker 2 (24:02):
That ties right into what we're just mentioning the personal
pension plan. I mean a lot. But here's the thing.
A lot of retirees are focusing on just a big
nest egg, okay, but what they need is retire is
reliable income. Reliable income income determines outcome. So you know,
we want to shift the conversation from how much do

(24:23):
I have to what can I sustainably spend? Especially when
markets are unpredictable, I'm thinking about the sequence of returns risk.
So many people succumb to that steve and that's when
they're they're become accustomed to taking out a certain percentage
from a portfolio, you know whatever, a three, four or

(24:46):
five six percent, and then the market takes a turn
for the worse. It's down. Okay, So let's just say
somebody out there has a portfolio and they're taking you know,
five percent out and then the market is down twelve percent. Well,
that means that they've now taken seventeen percent out of
their portfolio. They're going to have to earn you know whatever,

(25:06):
thirty five, forty two percent, whatever it may be, to
get back to where they were before the market turned
and they made a withdrawal. That's the sequence of returns risk.
We've got to be aware of that. And I'm not
saying that people don't take money out of your portfolio.
What I'm saying is you need more than just a portfolio.
And quite frankly, there's a lot of you out there

(25:29):
out there that are listening and you're working with a broker, planner, advisor,
or agent, and that's all that's happening is you have
a portfolio. Things are being bought and sold. You're only
being talked to about taking a certain amount out and
you're just being told that you're going to be okay.
And that is just a disservice to you. It just
is a disservice to you. Hey, hang around. We're going

(25:51):
to come back and talk more about how a longer,
more active retirement it can be yours. Right now, I'm
going to offer the next ten cars a written plan
for retirement, individualizing, customized just for you, built by our
team of certified financial professionals, at no cost or obligation. Okay,
if you would like to do better in retirement, this

(26:12):
is your ticket to do that. Eight hundred nine four
zero six nine seven nine. You must be one of
the next ten callers in the next ten minutes for
that no cost or obligation written plan for retirement.

Speaker 3 (26:24):
Sounds like a great idea, Folks, make that call while
you're thinking of an eight hundred nine four zero sixty
nine seventy nine first step sit down with coach with
a financial coach like Trip and again, if something we're
talking about resonates with you, maybe you just need to
get that second opinion. Now's the time. Eight hundred nine
four zero six nine seven nine. Eight hundred nine four
zero six nine seven nine quick break for us. We're

(26:44):
going to continue our trip today on the road to
retirement with Trip Limehouse.

Speaker 2 (26:48):
If you've ever changed your investment plan after a scary headline, congratulations,
you have paid the panic tax. Today we're talking about
the most insive reflex and retirement emotional decisions that feel
safe in the moment but cost you later in life.

(27:14):
There are defining moments you may kiss the bride you
got the job, buddy.

Speaker 6 (27:18):
Retirement is one of those stand out, exhilarating times. Hard pay,
em seize the day, meet at no cost with our
local independent team who are here to help coach you
along this journey.

Speaker 5 (27:32):
Called Trip Limehouse with Limehouse Financial eight hundred nine four
zero six nine seven nine. That's eight hundred nine four
zero six nine seven nine.

Speaker 3 (27:47):
We are back on the road to retirement with Trip Limehouse.
Our drive today is talking a lot about just, you know,
longevity because we are living longer, what we have to
do and Trip, you got my attention with that last one.
You talked about a panic tax. Let's let's dig into that.
Help me out here, Trip, Well.

Speaker 2 (28:08):
Think about this. A tax is something that that you
pay that you're really never happy to pay, and you
know there's really nothing positive associated with the tax, in
particular a panic tax. So a quick story. It was
twenty twenty one and uh, my investment advisor, Jonathan Riley,

(28:28):
and I brought on a client and this was after
things had kind of settled down due to the pandemic.
The market had returned to let's say, quote unquote normal.
We met with this gentleman who became a client, and
one of the things in our first meeting that he
said was I used to have And anytime somebody says that,

(28:53):
we're like, oh gosh, what's what's going to come up next?

Speaker 7 (28:56):
Right?

Speaker 2 (28:57):
So what this? What this gentleman said to us was
I used to have two point one million dollars And
we were like wow. And then he follows that statement
with I just couldn't take it anymore. And what he
was referring to was in twenty twenty, when the market
dipped and dipped and dipped and dipped and dipped, he

(29:18):
was feeling so much pain that he succumbed to the
panic tax. Wow okay, wow. And what he did was
he made a shift in his portfolio to all all cash,
or he went all into a money market account. Okay.
And when he did that, his two point one million
dollars had dropped down to about one point three so

(29:39):
he almost almost lost a million bucks due to the market.
Well then what ensued was after that, you know, he
just wasn't too sure of, you know, what to do
with the money, what was going to be happening. So
he just kind of left it there earning, like, you know,
right at two percent or something, and it provided him
with a little bit of comfort knowing he couldn't lose

(30:00):
anything more and he could just earn a little something.
But what happened was the market then rebounded. It was
a V shaped recovery as it's called, which was an anomaly.
By the way, folks, that's not typical market performance. I
mean here at Limehouse Financial, we professionally manage money for
a lot of people. We manage a lot of money.
And by the way, if you're not familiar with professional

(30:23):
money management, it's something that you should learn about. Eight
hundred nine four zero six nine seventy nine Limehousefinancial dot com.
We're income and distribution planning experts, social security experts. We're
helping the wealthy people out there become wealthier. It's what
we do. If you'd like a better retirement and you're
already in retirement, we can help you. If you're thinking

(30:46):
about retirement, how to get there, what to do, we
can help you. Eight hundred nine four zero six nine
seven nine. But anyway, so he wasn't quite sure what
to do. He's down to one point three million. He
heard us on the radio as sauc on t He
came in, met with us, went through our process. We said,
let's build you a plan. Okay. So the good news

(31:06):
is that he's still okay, still, I mean, one point
three million is still a lot to have.

Speaker 7 (31:11):
Leave.

Speaker 2 (31:12):
Sure, we were able to create a personal pension plan,
guarantee income that he would never run out of for
the rest of his life. We turned his account into
a plan, something that no one had ever talked to
him about before. Okay. And you know, we started professionally
managing his money, which by the way, has come up
a fair amount. But when you lose that type of money,

(31:33):
it takes a very long time, that's called recovery risk,
to get back to where you were before. Okay. And
we shared with him it's probably going to be difficult
at your age for you to ever get back to
where you were. But we're going to do as good
of a job as we possibly can, okay, to help
you accomplish that goal. But you know, what happened with
that client was that he succumbed to the panic tax,

(31:56):
and that panic tax was in the amount of almost
a million bucks. The market was down so far he
couldn't take it anymore. He made an emotional decision, he
pulled the trigger. He got almost he got like out
of the market and then just kind of went from there.
So you know, we were able to get him back
in the market positioned appropriately, you know, getting expert advice

(32:16):
from a local fiduciary, only making recommendations in his best interest,
and he really appreciated that. By the way, folks, if
you would like to work with a local fiduciary who
really cares about you, we fall in that category. Limehousefinancial
dot com is where you find us on the web.
But that I would call that a panic tax, you know,
a pretty substantial panic tax, you know, folks. What we

(32:40):
see is that when you're working with an expert like
Limehouse Financial, you avoid making major decisions like that guy made.
And you know, we didn't know what the market was
going to do. I mean, it could have kept going down.
But I can just share with you guys out there

(33:02):
listening that one of the things we really strive to
do is help you from being an emotional investor. And
there's so many emotions tied to your money and that's
not necessarily a bad thing, but it can be. It
can really work against you at a time when you
might not have time, you might not have more time

(33:22):
to recover from it. So, you know, allow us to
help you from being an emotional investor, Allow us to
guide you and direct you and give you that expert
device from that fiduciary capacity. You know, we professionally manage
money here at Livehouse Financial. We build plans for you
to get you to and through retirement. We help you
do better along the way, and you could be next.
So I don't know. I think a question that that

(33:44):
brings up to me, Steve, is why are retirees more
vulnerable to fear based decisions? You know? Why is that happening?

Speaker 3 (33:52):
Well, I mean speculation obviously on my part, but I
would think just you reach a point, like like you
just talked about your client, you reach a point where
I fear just takes control when things are uneven.

Speaker 2 (34:03):
Yeah, that's a powerful emotion, it really is. And I'm
thinking of something that I just you know, we talk
about here on the show all the time, and we
don't just talk about it to talk about it, but
the green line principle, the green line principle. It's a
safe money strategy. Zero is your hero. You cannot go backwards,
and you have a lot of upside potential. So let's

(34:25):
just go. Let's go to that. The gentleman that I
just mentioned who became a client, he lost a lot
of money prior to working with us. One of the
things that we did for him to counter any thing
happening in the future again like it had happened. I mean,
he lost almost a million bucks during the pandemic. Was
we taught him about a safe money strategy, the green

(34:48):
line principle, and he he welcomed it with open arms.
He's like, if I would have only had that, you know,
you know, six months ago, maybe I wouldn't have lost
almost you know, almost a million or whatever. So, but
everybody out there needs a safe money strategy. And so
Jonathan and I but Jonathan is my investment advisor, and

(35:09):
we were talking the other day about how we're helping
people when the market does not do well, still be okay,
And we're just talking about the safe money strategy, the
green line of principle. Holks, if you if you don't
want the market to control your destiny on the road
to retirement journey. Then you really need to ask us

(35:30):
about the green line principle. Okay, the green line principle
zero is your hero. You can't go backwards. It provides
you sleep at night when the market is down and
you can always count on it. Eight hundred and nine
four zero six nine seven nine. So you know, I
guess that we're going back to another study Fidelity. They

(35:52):
noted that living off savings it changes the stakes and
that's just so true. And the down markets for people
can that can feel like a threat to everything. So
you know, I guess how we help retiree separate market
decline from planed failure is the green line principle, where
everybody that we're working with they are having a safe

(36:14):
money strategy in place so that when the market does
turn or it is flat, they're they're going to be
okay and they still can function, can maintain their lifestyle,
can pay their bills. You know, absolutely, So. I think
one of the sneakiest tracks though, Steve is is kind
of people selling in a downturn and then waiting too

(36:37):
long to get back in a lot of people don't
just sell, They kind of wait for clarity, if you will,
and they missed, they miss rebounds and and unfortunately clarity
inconveniently it arrives after prices are higher. So when people
do re enter the market, you know, it just might

(36:59):
not work out like they had thought it was going
to work out. And it could it can turn people
being cautious into into permanent damage during during retirement. So
you know, as an as an advisor, we we add
value by taking people, if you will, off the ledge.

(37:20):
I mean, behavioral coaching alone can be worth about one
hundred and fifty basis points, so that's about one point
five percent annually. So in other words, translation, people working
with us as experts in professional money management from a
fiduciary capacity, they can statistic wise do about one and
a half percent better than people that aren't working with

(37:41):
an expert like ourselves. So you know, I mean, how
do I guess A question kind of a takeaway from
this whole thing we're talking about right now is you know,
how to how do people measure success? Really? I mean
do they just look at returns?

Speaker 3 (37:57):
Oh no, that's that's not the whole picture.

Speaker 2 (38:00):
Yeah, I mean peace of mind? Do they look at that?
If a person's goal is a flourishing retirement, not just
necessarily a bigger number. What matters the most is going
to be having a safe money strategy, having stable income,
regretting fewer financial decisions, and having confidence even when the

(38:22):
market is volatile. So, folks, if your retirement strategy changes
every time the market gets dramatic, you don't have a plan.
You've got a mood ring as the bottom line, So
how can we help you. We can build guard rails,
we can create cash flow structure, we can create rebalancing
rules and an income plan that's designed to hold steady
through scary headlines. And we're doing that by giving you

(38:44):
a written plan for retirement that incorporates all the things
we're talking about on the show. Eight hundred and nine
four zero six nine seven nine. If you would like
a written plan for retirement, be one of the next
ten callers. I'll provide it to you at no cost
or obligation. It's individualized and customized just for you, built
by our team of certified financial professionals. And you can't

(39:05):
just call in and say mail that to me, email
it to me. Must come in go through our process
to receive this. You'll do better during retirement by having
what I'm offering you right now, your wealth will grow,
you will prosper, you'll be more successful. Give me a
call and I'll provide it for you.

Speaker 3 (39:21):
That number to call is eight hundred ninety four zero
sixty nine seven nine. That's eight hundred ninety four zero
sixty nine seventy nine. Great way to just get yourself
on track, and working with Trip will be help. You'll
be helping yourself get there e a lot faster, perhaps
eight hundred nine four zero sixty nine seventy nine. Eight
hundred nine four zero sixty nine seven nine. Quick break
back with another segment here on the road to retirement

(39:44):
with Trip Limehouse.

Speaker 2 (39:45):
Questions from listeners, Answers from us as experts. We're so
thankful you're calling in. Continue to do just that. It's
one of our favorite segments of the show. Coming up next,
Questions from.

Speaker 1 (39:56):
Listeners 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,

(40:16):
actionable ridden plan. Start sleeping easier tonight, Call Trip Limehouse
Limehouse Financial eight hundred nine four zero sixty nine seventy nine.
Eight hundred nine four oh sixty nine seventy nine.

Speaker 3 (40:37):
We are back on road to retirement with Trip b Limehouse,
our fourth segment together. That means this is the last one,
but it also means we are turning to you listeners
and taking your questions, which we again, as Trip said,
just a moment ago, it's you know, it was one
of our favorite parts. It's certainly one of my favorite
parts of the show because we get a chance to,
I think, get a feel for what people are thinking.

Speaker 2 (40:57):
Yeah, it is great, and you know, a lot of
people don't realize this, but when they call in with
their question, they may be asking a question that's similar
to what another person out there is wondering as well. So, folks,
your questions and our answers are helping others out there
and we might not even realize it. So we're very thankful,

(41:18):
thankful for for you listening in, for you calling in,
and we encourage you to continue to do just that.
Eight hundred nine four zero six nine seventy nine Limehouse
Financial dot Com. Hey, we're having fun helping people. I
want to give a shout out once again to all
of our clients out there. We really appreciate you guys.
You're fantastic. We are so thankful to be working with you,

(41:40):
and we appreciate you choosing us and allowing us to
help you do better in retirement, to become wealthier in retirement,
to sleep better at night, all by having what we
talk about all the time, the four letter word, the
p l an, the plan and if you're new to
the show, I'm glad you're hanging out with us. We
do this every week. By the way, folks, we do

(42:01):
turn this into a podcast as well, So if you
want to go back and listen to this episode today
or any episode, visit us on iHeartRadio, Google, Apple, Spotify,
The Road to Retirement Show with Limehouse Financial. Pull it up.
You can subscribe to it a new every Friday. We'll
send it over to you and we're thankful we can

(42:22):
do that. Also, check us out on TV. We air
on the weekends on ABC, NBC and CBS here in
our local marketplace in Columbia, and the Road to Retirement
TV show have a lot of fun. It's a thirty
minute program talking about all things retirement, but as an
income and a distribution planning expert, as a social security expert.
I just really value you guys out there listening to

(42:45):
us and you know, and calling in and having these questions.
So Steve, let's just get right into it.

Speaker 3 (42:51):
All right, let's jump in. We've got Larry and Tammy
and Orangeburg and they're wondering, says, They've retired a little
bit ago, and they're brunching gold routine, he says, is
becoming a bit of an expensive habit. So the question becomes,
how do you help Larry and Tammy create some balance
between enjoying retirement and then staying within that long term

(43:11):
spending plan.

Speaker 2 (43:13):
Hey guys, oh Arsburg. Hey, that's where I was born.
Steven Arsbrough. Yeah, yeah, and so we may we may
know some people together collectively down there. I know one
thing we know, they've got some good barbecue in Archburg,
and I love to go get that every once in
a while. But that's a great question. I'm so happy
that you guys. It sounds like are enjoying your retirement. Yeah,

(43:36):
when you start taking a look guys at you know
what you're doing in your lifestyle, and you're seeing that
the dollars are adding up, I mean, twelve hundred a month,
is you know, nothing too crazy. I guess it's all
relative to what else you may have coming in and
what your other expenses are. But you know, you start
looking at that and wondering like how long can you
do it? And does it make sense? And should you

(43:56):
be doing it? You're not the only one that's kind
of running through those scenarios that this is a real
common thing that we see with people that we help
out who come in and talk with us, is hey,
I'm doing this, and I just I'm not quite sure
if I should be doing it or how long I
can do it, or you know whatever. So I think
it all starts with the B word, a budget. You
can visit limehouse financial dot com under our resources tab.

(44:19):
You can click the budget worksheet and print off as
many as you'd like, so I'd like my What I
want to encourage you to do is for both of
you to sit down, go through this exercise together, create
that budget, look at what you're spending on everything. Now,
there's two categories to focus on. The first is your
retirement expenses. That's going to be you know, gas, groceries, utilities,

(44:43):
if you have a mortgage, those types of things, you know, healthcare,
et cetera. And then the second thing I want to
look at is your lifestyle goals, which is what you're
talking about now, you know, doing things like golfing and
you know, going out to brunch and whatnot. Right, So
we first, well, we need to make sure that you
can achieve the retirement income goal that's needed. Okay, that's

(45:06):
the most important thing, just to keep the lights on,
so to speak. And then we want to look at
that second one, lifestyle goals, and we want to come
up with a number of what you like and make
sure that we can sustain that. So you know, perhaps
you spending this twelve hundred dollars a month, maybe you
can continue to do that and do it, you know,
for the duration of retirement. At the end of the day,
we have to account for taxation, inflation, healthcare, and you know,

(45:31):
many other things as well. But we need to do
that in the form of a plan, a written plan
for retirement. We have to have money that's being professionally
managed from a fiduciary capacity, which we can help you
with that you know, that's doing what it needs to do.
We also have to have a safe money strategy in
place so that when the market isn't doing well, you're

(45:53):
not worried and concerned and you can still go out
and spend that twelve hundred dollars a month for golf
and brunch as you like to and other things as well,
but you don't worry. You're in the right place. This
is what we do is income and distribution planning experts.
We help folks just like you, do the things that
you're wanting to do. We map it out. We include

(46:15):
a line item in the written plan for retirement that
demonstrates to you that you can continue to do these things.
And by the way, if the twelve hundred a month
is too rich and we determine that you shouldn't be
spending that much or whatever, we're going to tell you that,
we're going to say you need to do less, and
here's what the number would be. So our job is

(46:37):
to help people out there succeed in retirement, to do
better in retirement. We're helping the wealthy people become wealthier
and we're having fun doing so. All from that fiduciary
capacity only making recommendations in your best interest. At the
end of the day. The answer is, let's get together,
let's build you a plan, and let's show you that

(46:58):
your retirement success rate is going to be what it
needs to be to do the things you want to do.

Speaker 3 (47:04):
Fair enough, give us a call. Eight hundred and ninety
four zero six ninety seven nine is the number. And
so Craig is in Columbia and he's looking at He
wants to retire at sixty two. His wife, on the
other hand, wants to wait till sixty seven for more
social security. Together, they worry that they might run out
of money. So how do you maximize social security trip?

(47:26):
I mean that's a delicate I mean not delicate. It's
just a big decision.

Speaker 2 (47:30):
So it sounds like you guys might have different timelines.
Seems like yeah, and that's common. And then social security plans,
you might have different thought processes on window file for
social security And basically you just want to be financially
aligned and also emotionally aligned. And we talked a lot
about that today on the show, a lot about how

(47:50):
you know retirement is more about the person and not
just all about the money. So you know, I'm glad
you're you're asking this question. And at the core of it,
A social security roadmap would be very very helpful for you.
And a social security roadmap is something provided to you

(48:10):
by an expert like myself or by you know, or
my investment advisor, Jonathan Riley providing for you, and it
clearly maps out the best time for you to file
for your social security benefit to do two things. Number
one to optimize your social security and number two to
maximize your social security. These are two very important things.
And you know, maybe there's maybe there's a meeting in

(48:35):
the middle, right, I don't know, but you know, retiring
early so at sixty two sounds like a great idea,
And maybe delaying social security and tool full retirement age
would be a great idea. But there's so many things
to consider, and you're you're the worry that you guys
have running out of money is real. That's longevity risk.
We talked a lot about it in the last segment.

(48:57):
You know, we want to make sure that you don't
do that at and we want to make sure you
get the most out of soci security. I mean, as
a married couple, there's thousands of filing combination strategies. When
to begin social security. This is the decision that cannot
be taken lightly. It should not be taken lightly. So
I'm glad that you guys are talking about this and
kind of going back and forth on maybe what to

(49:19):
do and when to do it. So the first thing
I would say is, let's allow us to help you
with a social security roadmap. Okay, We're going to take
into account where you guys are financially, what your goals
and objectives are, what your lifestyle goals are, your retirement
income goals are. We're going to take into consideration taxes, inflation, healthcare,
all that stuff that we always talk about, and then

(49:41):
we're going to, you know, make that recommendation on the
best time for you to file for your benefit. Maybe
it is, you know, sixty two, maybe it you know,
maybe it is filing for later, but I think retiring early.
We just have to have a solid income and distribution
plan to make sure sure that you don't ever outlive

(50:02):
your money. And part of that is having a safe
money strategy, the green line principle. That's a great thing
folk for folks out there. A safe money strategy, you know,
a place where you have some of your money that
you can that you can never lose where you have
a lot of upside potential. Folks. You should ask us
about the green line principle, A safe money strategy for sure.

(50:22):
But for you, guys, I think I'm excited for you
about the possibility of retiring, you know at sixty two.
Let's just you know, give you that solid income and
distribution plan. Let's include obviously mapping out social Security so
you know you're not leaving money on the table and
making the best decision. And maybe one of you takes
social Security earlier and one of you starts later. I

(50:43):
don't know. There's a lot of variables in there, but
there's one thing that I know. When we focus on
your retirement success rate, we're going to ensure that you
don't run out of money and that you that you're
making the wisest decision on when to begin social Security.
So great question you asking that. I look forward to
seeing you in the office, folks. So I'm just so

(51:04):
thankful for our time together. We really appreciate you tuning
into the Road to Retirement Show with Limehouse Financial. Eight
hundred nine four zero six nine seven nine is our number.
Limehousefinancial dot Com is where you can find us on
the web quick shout out to my wife, Honey, I
love you so much. As always, I want to thank

(51:24):
you for doing what you do here to help us
be successful and to help me be successful. I love
you so much. And folks, we really are happy to
be here in this position helping you to do better.
As you're thinking about moving into retirement and as you
are in retirement, we're here to help you. One of

(51:46):
the ways we can do that we talk about it
time and time again, is by offering you a written
plan for retirement. The next ten callers will receive a
written plan for retirement, individualized and customer is just for you,
no cost or obligation, built by our team of certified
financial professionals. You must come in go through our process

(52:08):
to receive this. We will not email it to you
or just mail it to you. Eight hundred nine four
zero six nine seven nine. Be one of the next
ten callers and it's yours. Hey, thanks for tuning in
to another great episode of the Road Retirement Show. I
want to encourage you to come back again next week.
We're looking forward to spending more time with you, and
until then, God bless you.

Speaker 7 (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 6 (52:44):
I'll think of you, you guts well, I hate.

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

Speaker 2 (52:57):
Oh geez.

Speaker 7 (52:58):
You deserve a secure or independent retirement, our retirement that
is prepared to handle pitfalls like inflation, health emergencies, stock
market volatility, and taxation. You 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.