Road to Retirement 12-20-2025

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):
What if retirement did not have to mean slowing down,
but simply changing rhythms With a few classic Jimmy Buffett
lyrics and a little dash of Warren Buffet wisdom will
map out how to retire rich and what really counts time, purpose,

(00:40):
and joy.

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

Speaker 2 (00:47):
The road to retirement is a long one, and if
you just don't want to make wrong.

Speaker 1 (00:51):
Well, buckle up. We're getting ready to take a retirement
road trip together.

Speaker 2 (00:56):
It's the road to retirement. With Trip Limehouse, It's the
perfect amound to map it out. That road to retirement
is key, is key.

Speaker 1 (01:05):
Get on the road to financial security and independence. Just
like many of Trip's happy clients and retirement partners.

Speaker 2 (01:11):
My money is safe using the green line principle that
you taught me about. Thank you so much. Let's get
this trip started.

Speaker 1 (01:20):
It's the road to retirement with Trip Limehouse.

Speaker 3 (01:25):
Hey, welcome on everybody. This is the road to retirement
with Trip Limehouse guiding us. Says he does each and
every week is as he's been helping people for more
than twenty years getting to and through retirement. You'll find
him at Limehousefinancial dot com. Limehouse financial dot com. Check
it out, and I will just say to you Trip, Hey,
happy holidays.

Speaker 4 (01:44):
How are you?

Speaker 2 (01:44):
Yeah, same to you, same to you. Seem doing great
and you how about you? Things going good for you?

Speaker 4 (01:51):
Sure? Absolutely? You know, yeah, sure? Why not?

Speaker 2 (01:55):
You are feeling festive?

Speaker 4 (01:56):
Yeah, I'm feeling good.

Speaker 2 (01:58):
Good. The well the weather's making us uh uh know
that it's winter and that's a good thing. Really cool lately.
I'll tell you what. It's just kind of it's weird
now it's a little bit warmer and then like wake cold,
you know, I know, I kind of like getting out
in the mornings though with the cool weather and uh so,
you know, for those of you that have been listening

(02:18):
a long time, you know that I'm a dog lover.
By the way, Welcome into the Road to Retirement show.
I am Trip Limehouse and it's a pleasure to be
with you. Limehouse Financial dot Com is where you find us.
We are income and distribution planning experts, social security experts.
We help you get there and stay there. And we're
talking about retirement. But back to being a dog lover.
I know you and I share that in common, Steep,

(02:40):
but uh, Fozzy our labradoodle labradoodle, he whenever we're walking
in this warm out, he's always huffing and puffing and
and uh, you know, I guess that's because of his
really thick coat, but he absolutely loves this cold weather.
Is it the same for you? And and and your.

Speaker 3 (02:56):
Puppy she doesn't like the real cold weather, but she
doesn't mind it, you know.

Speaker 4 (03:02):
Yeah, time out. They're built for it.

Speaker 2 (03:04):
Yeah, well yeah, I think it's just getting out and
walking is the biggest thing. I tell you. It's a
it's a French benefit of having dogs is you know,
they look at you like, hey, it's time to go
for a walk, and they kind of remind you of that,
you know. So, But yeah, it is that time of
year and we're really excited about about Christmas and UH

(03:24):
celebrating celebrating the birth of our Lord and Savior, Jesus Christ.
I do want to Steve real quick before we get
into things here on the show. I want to invite
people to UH to our church, Mount Horreb Global Methodist
Church on Old Cherokee Road and Lexington. A lot of
you guys out there maybe wanting to, you know, visit

(03:45):
a church or you're you're looking for a place to
go for Christmas Eve services. So hey, come on out
and visit us at Mount Horrb on Old Cherokee Road.
We've got many services uh this year. We've gotten an
eleven a m and the Traditional in the sanctuary, a
two pm Contemporary in the auditorium, a five pm Contemporary

(04:07):
in the auditorium, a seven pm Traditional in the sanctuary,
a seven pm Contemporary in the auditorium, and a nine
pm contemporary in the auditorium. So there's a lot of
services out there for those of you that may be
looking for a place to come and worship on Christmas Eve.
And certainly would love to have you at our church,

(04:27):
Mount Horreb on Old Cherokee Road in Lexington. So Merry
Christmas to everybody. Just we're really excited to be with
you at One of the one of the greatest gifts
we have, I think, is our ability to help people,
and we certainly don't take that for granted here at
Limemouse Financial. So kind of shifting gears from you know,
maybe the wintry weather and the cold snap that we've

(04:51):
been encountering, this is you know, tropical, and I like
how we've kind of combined the two Buffets here, Steve,
this is really interesting, right it is.

Speaker 4 (05:01):
Well, Jimmy Buffett and Warren Buffett.

Speaker 2 (05:02):
Yeah, they're brothers, aren't they.

Speaker 3 (05:04):
Well yeah, well no, I mean you've got the common
sense of Jimmy Buffett and the financial prowess of Warren Buffett.

Speaker 2 (05:12):
Yeah. Well, I think that people don't have to be
a parent head to appreciate the laid back wisdom of
Jimmy Buffett, especially when you're heading into retirement. So this
is pretty interesting. A recent piece from Kiplinger highlights six
of Jimmy's lyrics and they resonate deeply with the retirees journey.
So but you know, as any savvy retiree knows, embracing

(05:35):
the good life also means making smart financial decisions that
make lifestyles sustainable and that's kind of where the flip
side Warren Buffett comes in, right, you know, talking about
investing in life value advice, which you know, of course
is going to support the same philosophy. You know, folks,
we got to value what matters. We've got to be

(05:56):
thoughtful about what we spend, whether it's time money. So
how about Steve. We just get into these lyrics from
Jimmy Buffett on Jack what they mean, and we've in
a little warm Buffet style prudence.

Speaker 4 (06:11):
I like it.

Speaker 3 (06:11):
So in the song here it is from Barometer soup
go fast enough to get there, but slow enough to see.

Speaker 4 (06:18):
And again I think that's.

Speaker 3 (06:19):
That talks balance, right, I mean you want to you know,
you want to be good about getting there.

Speaker 2 (06:23):
Yeah. It's a perfect reminder to balance, and you know,
not oversaving so much that you deny, you know, yourself,
today's pleasures, but then the opposite, not overspending so you
jeopardize tomorrow. And that's something that Amy, my wife, and
I you know, really focus on. By the way, honey,

(06:44):
Mary Christmas, thank you for making the house so beautiful
and baking that good bread that you're bacon and wrapping
the gifts and and just being everything for our family
during this special time here. I love you so much
and you're like the best to ever for me, honey.
But you know, we work hard and we play hard,

(07:06):
and you know I'm tying this into this, you know,
you know the balance of you know, not that we
don't deny ourselves any of today's pleasures. You know, we
like to travel a lot together, we like to do
things and and you know, Steve, one of the things
I've learned in this industry, with over two decades of
helping people is you know, I've seen people who just
they were really really good saverers. They saved their money,

(07:27):
they saved their money, they save their money, and that's
so positive, but there wasn't a balance, and they didn't
spend their money, and they they did deprive themselves of
doing things with maybe their family or friends or their
spouse or whatever. Maybe they didn't travel, or maybe they
didn't you know, fix up the house or buy a
newer vehicle. And you know, to each his own right, everybody,

(07:48):
could you know, you do what you know feels the
best for you, whatever that may be. But I guess
where I'm going with this thought is that I've seen
so many people that have sat down with us at
the conference table, and you know, they were waiting for
a particular time, and maybe it was just when they
finally retired to do things that they had always wanted

(08:08):
to do. But they arrived at a point where they
had money, but then they didn't have the ability to
go and do the things that they had always thought
about or wanted to do, maybe because of a health reason,
or one spouse was struggling with health, I mean, whatever
it may be. And so I guess, you know, there
is that fine balance, you know, folks. We encourage people
to spend their money in a smart manner, you know,

(08:30):
and of course we encourage people to save their money
as well. I mean, retirement is such a long journey,
maybe you know, twenty five, thirty thirty five years for
some people. But still, you know, nobody knows how long
we're going to have, you know, So go out and
enjoy yourself and within reason, do things that they're reported
for you today, all the while continuing to save for tomorrow.

(08:51):
And I guess that it, you know, a withdrawal strategy, Steve,
is kind of what I'm thinking about. You know, we
want to help people who are about to retire or
who are already retired, not jeopardize their future. We want
to create kind of a balanced approach, and the way
that we're doing that is by you know, providing people

(09:15):
with income and distribution plans, which, by the way, folks,
everyone needs an income and a distribution plan. Limehouse Financial
dot com is where you find us on the web.
Eight hundred nine four zero sixty nine seven nine is
our number. If you do not have an income and
a distribution plan, call me right now and ask me
for that will help you. But you know what I see, Steve,

(09:38):
We when we provide people with that income and the
distribution plan, they know what they can do now and
they also know what they can do later without jeopardizing
success in retirement. So you know, that's that's a real
big thing. And we want to help people, you know,
be successful, and we're helping wealthy people become a well

(10:00):
in many ways that we're doing that, and one of
the ways is professional money management. And that's kind of
a new thing for people too. A lot of folks
just are used to, you know, a portfolio where stocks
are bought and traded, and of course that's not a
bad thing. Or mutual funds are used, and that can
be a bad thing with the expenses being high, you know,
depending on what folks may have. But you know, at

(10:22):
the end of the day, professional money management, which is
what we offer here at Limehouse Financial from a fiduciary capacity,
it really helps people to do better in retirement and
we're having a tremendous amount of success helping clients achieve
their goals and having a lot of fun with it.
So you got another lyric force from Jimmy Buffett.

Speaker 3 (10:42):
Yeah, I do, actually, and he says, I'd rather die
while I'm living than live while I'm dead.

Speaker 4 (10:50):
What do we think about that one?

Speaker 2 (10:51):
That's kind of profound.

Speaker 4 (10:52):
Huh.

Speaker 2 (10:53):
Well, I think that, you know, retirement it doesn't have
to mean slowing down to like doing nothing and just
sitting on the couch and watching TV. I guess Jimmy
Buffett's words in this particular song and kind of makes
me think he was suggesting like a second act that's
filled with passion, so to speak.

Speaker 5 (11:11):
It.

Speaker 2 (11:12):
Yeah, I think along the lines of volunteering or hobbies
or travel or even something new new ventures, you know.
So you know, in conversations that we have when we're
providing financial advice to people. We try to help people
think about purpose spending. You know, we want people to

(11:32):
invest time and money and what makes them feel really
good and what makes them feel alive, you know, versus
just kind of survival spending. And sometimes we have to
draw that out of people. You know, we're talking about
your retirement income goal. Okay, that's you know, keep the
lights on, by groceries, gas in the car, that kind

(11:54):
of stuff. But then lifestyle goals come into picture. You know,
what do you want to do and that could look
different for everyone. So we're definitely having fun helping people.
My investment advisor, Jonathan O'Reilly and I are continuously sitting
down with folks just like you guys out there listening
right now, and we're meeting with you, getting to know
you and learning what's important for you, and we're talking

(12:17):
about you being more successful in retirement. So whether you're
about to retire a three four, five years out or
a month out, or whether you are in retirement, we
can help you eight hundred nine four zero six nine
seven nine. Hey, right now, I want to offer the
next ten callers a written plan for retirement at no

(12:38):
cost or obligation. It's customized, individualized, just for you, and
you must call in to get this. We're not going
to mail it to you or email it to you.
You've got to come in and go through our process
to receive this. We'll help you do better in retirement
by providing you with this no cost or obligation written
plan for retirement. Next, ten callers, it's yours.

Speaker 3 (12:58):
You heard Trip. Give us a call, all right now?
Eight hundred nine four zero six nine seven nine. That's
eight hundred nine four zero sixty nine seven nine. Great
opportunity to come on in, sit down and just map
out a plan. And if something we're talking about today
resonates with you, give Trip a call, get that second
opinion going. It all takes. All it takes is a
phone call to get started. Eight hundred nine four zero

(13:19):
sixty nine seventy nine. Eight hundred nine four zero six
nine seventy nine. A quick break for us. We are
going to continue the road to retirement with Trip Limehouse
right after this.

Speaker 2 (13:28):
Changes in latitude, changes in attitude. Hey, we're talking about
what if retirement didn't mean slowing down but changing rhythms.
And we're using a few classic Jimmy Buffett lyrics, also
throwing in there a dash of Warren Buffett wisdom, having
a lot of fun, helping you understand how you can
do better in retirement. Hang on, we're coming right back
with more. Oh.

Speaker 3 (13:52):
I'm glad you're here.

Speaker 5 (13:54):
I'm not sure how long it's been leaking.

Speaker 4 (13:56):
Looks like it's been leaking quite a while.

Speaker 2 (13:58):
Lucky you called this one you. I hope you can
fix it.

Speaker 5 (14:01):
If I only knew sooner.

Speaker 1 (14:03):
Find the leaks in your retirement plan before you end
up underwater.

Speaker 5 (14:08):
Make sure your retirement plan is above water. Called Trip
Limehouse and 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.

Speaker 3 (14:26):
We are back on the road to retirement with Trip Limehouse. Trip,
of course, been helping folks better than twenty years along
with his financial or his investment advisor, Jonathan O'Reilly again
working in a fiduciary capacity, helping folks be I mean again,
that's really what your passion is all about.

Speaker 4 (14:44):
Trip.

Speaker 2 (14:45):
Yeah, and we're the local fiduciaries too. You know, you
people see these TV commercials all the time and hear
them on different medias. You know about the fiduciaries, but
they're just not here locally. And more and more, ste If,
we're finding people around our area who want to come in,
sit down in a comfortable environment, know that they're cared about,

(15:09):
listen to, and that you know, they're in a place
where they can receive the help that they need to
do this wonderful thing called retirement and folks, you can
find this at limehouse financial dot com. Eight hundred nine
four zero six nine seven nine is our number. We
are having fun helping people and we've been doing it
a long time, retirement income experts, social security experts, and

(15:34):
we do a lot here, Steve, and we're thankful to
be able to do that. I want to wish everybody
at Merry Christmas. It's coming up just like right now,
and it's kind of hard to believe that we're at
the time of year, but it is just such a
wonderful time of year to celebrate the birth of our
Lord and Savior, Jesus Christ. I want to also did
it last segment, I'm going to do it again. I

(15:54):
want to invite some of you guys out there that
may be looking for a place to worship to our church.
Christmas services, it's always a big day. There's a lot
of folks out there that will only attend church once
a year and this could be your once a year attendance.
Mount Horebe Global Methodist Church on Old Cherokee Road in Lexington.
We're going to have many services. We have an eleven

(16:17):
am Traditional service in the sanctuary, a two pm contemporary
service in the auditorium, five pm contemporary service in the auditorium,
seven pm Traditional service in the sanctuary, seven pm contemporary
service in the auditorium, and a nine pm contemporary service
in the auditorium. So that's my invitation to you guys

(16:37):
out there looking for a place to worship on Christmas Eve.
That's going to be on Christmas Eve. So that's the
twenty fourth coming up and Mount Horebe Global Methodist Church
on Old Cherokee Road in Lexington would love to have you.
So Steve, Yeah, we're just you know, it's a great
time of the year. It's a good time to reflect
and you know, think about all the many gifts that

(17:00):
we have an ongoing basis, and you know, we're we're
one of the gifts that we give to people here
is just are the gift of our time. And you
know it doesn't necessarily mean that everybody you know becomes
a client, but you know, I mean most people when
we're making recommendations from that fiduciary capacity we were talking
about a second ago, most people are saying what can

(17:20):
I do next? What what can of you know, what
do we do? How do we become a client? And
then we're implementing playing So you know, it's our one
of our ways to give our of our gifts. Something
I've learned too as as an adult is you know,
a gift could be many different things. It's not just money.
It could be your time, your talent, your your treasure.
And so we Jonathan O'Reilly, my investment advisor and I

(17:43):
we do pour our hearts into what we do to
help people, and you know kind of look at it
as gift giving.

Speaker 3 (17:49):
Sure, well yeah, well I think that's fair. And we
were kind of tying Warren Buffett to Jimmy Buffett. So
you've got laid back Jimmy Buffett and you know, financially
buttoned up Warren Buffett.

Speaker 2 (18:00):
Yeah, the two brothers. So what we've got here is, uh,
I know they're not brothers. Just kidding.

Speaker 4 (18:08):
I know.

Speaker 3 (18:10):
Yeah, that's what living is to me, says Jimmy Buffett.

Speaker 2 (18:14):
Another lyric from Jimmy Buffett. Yeah, you know, he definitely
reminds retirees that that true wealth, it is not defined
by possessions or portfolio size. It's really kind of defined
by by freedom and by peace and and fulfillment. So,
you know, as a as a financial advisor, you know,

(18:35):
I was just kind of mentioning how we help people
out there shift their mindset from you know, accumulation to enjoyment, uh,
with their with their wealth, and I mean we we
were talking about uh you know that in the last segment. Folks.
By the way, if you'd like to go back and
listen to this show or any show from the Road
to Retirement Show with Limehouse Financial, you can do so

(18:58):
on Apple, Spotify, Google, iHeartRadio. We turn we very intentionally
turned this show into a podcast and you can subscribe
to it too. It comes out every Friday and you
can catch that. But if you want to go back
and listen, please do. And and also I got to
plug our TV show we're on on the air. The
Road to Retirement TV show is on air three times

(19:18):
over the weekend on ABC, NBC and CBS. So just
search it up The Road to Retirement Show with Limehouse Financial.
But you know, I was just mentioning a second ago
how we're helping people, you know, who may be stuck
on just thinking about their money and and maybe not

(19:39):
you know, maybe they're just kind of holding onto it,
holding on to it. We're talking about the importance of
you know, really living now and then doing things that
you want to do now, but also you know, saving
for the future with the mindset that this retirement journey
is really a long journey. It can be a really
long journey for people. I don't know, Steve, a lot

(19:59):
of a lot of our clients are kind of surprised
when they when they hear us share with them spend
your money, you know, imagine that.

Speaker 3 (20:06):
Well yeah, well, I mean again, I understand the mindset,
though it's hard to make that shift from always being
in that safe, safe, safe mode to say, Okay, this
is why you were saving enjoy it.

Speaker 2 (20:16):
Yeah, And the shift that we're talking about is going
from accumulation to decumulation. And I do want to be
real clear with our listening audience. We help people accumulate. Okay,
that's something that we're very good at doing. My investment
and advisor, Jonathan O'Reilly helps people with professionally managed portfolios.
He's very good at that. We're seeing a lot of

(20:38):
growth happening with folks money. Of course, it's the stock market,
and it can go up, it can go down. You
never know. By the way, folks, that's why everyone out
there needs a safe money strategy. It's the green line principle.
You know, if you're thinking about the market and you've
been enjoying some growth in the market, but you also
know that you're older and closer to your retirement or

(21:01):
already in retirement, and you don't want to encounter the
downfall of another market correction, then you need to be
asking us about the green line principle. It's a safe
money strategy where zero is your hero. You have a
lot of upside potential, no downside, and it complements professional

(21:22):
money management. Money at risk, you know, folks, you have
money at risk for two reasons, to outpace inflation and
for capital appreciation. But you need to have a safe
money strategy en force as well to protect you when
times aren't too good with the market, so ask us
about the green line principle a safe money strategy eight
hundred nine four zero six nine seven nine Limehousefinancial dot Com.

(21:47):
I want to give a shout out to all my
clients out there. Merry Christmas to each and every one
of you. You make what we do fun. We're very
thankful for you, and each one of you is a
gift to us. Steve. You know this moving from accumulation
to decumulation. It is challenging for people because they get
into this save saved mindset, which is a good one

(22:08):
for years and years, you know. But you know, through
the use of an income and a distribution plan and
by having a written plan for retirement, we're able to
ease the discomfort that some people have regarding spending their money.

Speaker 5 (22:25):
You know.

Speaker 2 (22:25):
We create boundaries for our clients and we demonstrate to
them by proving how they can be successful. And we're
looking at the retirement success rate of each and every
person that we see. And folks, if you're not quite
sure what your retirement success rate is, you need to
ask us about that. Okay, we can clearly identify and

(22:49):
define that. And if you're not on track for retirement
or if you're in retirement and things are moving too quickly,
meaning you're decumulating too quickly. We can help you identify
that and remedy that as well. I'm thinking right now, Steve.
Also another thing that helps people not be too apprehensive
about decumulating spending their money. It's the personal pension plan.

(23:11):
Imagine that, the PPP, the triple T. Yeah, what is it? Well, folks,
it's a safe money strategy that protects and preserves what
you've worked so hard for, and it ensures that you
and if you're married, you and your spouse never outlive
your income. Okay, we're talking about having guaranteed income for life.

(23:33):
You know, you ensure your house, you insure your car.
Doesn't it make sense to ensure a part of your retirement.
I think so. I a very smart, very smart move
for everyone out there. And by having income that you
can never outlive, you remove the number one risk associated
with retirement, longevity risk. You take it off the table,
and you create guaranteed income for life. I mean, it's

(23:54):
just a wonderful thing that does enable you to feel
better about spending what you've worked so hard for. So
we want to help you shift your mindset we want
to help you, you know, really do better in retirement. Hey,
we got time for one more.

Speaker 4 (24:06):
Lyrics, Steve Sure, one more lyric? Here we go.

Speaker 2 (24:09):
How about the more Jimmy Buffet lyric?

Speaker 3 (24:11):
One more? You know, the hard truth with a soft landing,
some of its tragic, some of its magic.

Speaker 4 (24:17):
I had a good life all the way.

Speaker 2 (24:20):
Yeah, I like that one. I like that one. That's
a good one. That's one of my favorite Buffet tunes.
By the way, it really is, you know, I mean,
life is never perfect, folks. Retirement may bring regrets and
may bring losses, surprises, but also opportunities for gratitude and
reflection and renewal. So you know what we're doing here

(24:41):
at Limehouse Financial as Advisors is we're encouraging you to
build buffers. We were just kind of talking about that.
We want to help you have emotionally and financially sound
strategies so that you can look back on your life
as you're doing it with p and not have a

(25:02):
tremendous amount of regret. And so again, this is one
of our ways that we're giving to you. And this
is that time of year, the time of year to
give gifts and open gifts and be excited about what
may be in the package or whatnot. You know, for
the next ten callers in the next ten minutes, I'm
going to give you a gift, and it's going to
be a no cost, no obligation written plan for retirement

(25:26):
built by our team of certified financial professionals individualize the customers,
just for you. All you need to do is pick
up the phone right now, call in, ask for the
written plan for retirement. And by the way, folks, this
is not something that we're gonna mail you or email you.
You must come in and go through our process to
receive this no cost, no obligation written plan for retirement

(25:47):
eight hundred nine four zero six' nine seven. Nine the
next ten callers in the next ten minutes will receive
that gift from.

Speaker 3 (25:56):
Us sounds like a great, idea, folks take advantage of
it while you. Can it's a phone call. Away eight
hundred nine four zero six nine seven. Nine eight hundred
nine four zero sixty nine seven. Nine, really the goal
at the show help you make the best decisions for
you when it comes to your. Retirement so if something
we're talking about makes, sense you want to get a second,
opinion now's the time to make that. Happen eight hundred

(26:16):
nine four zero sixty nine seventy nine eight hundred nine
four zero sixty nine seven. Nine quick break back with
more on The road to retirement With Trip blemehouse right after.

Speaker 2 (26:24):
This we're always talking about the written retirement plan and
just how vital it is for a secure, future but
what does that actually look? Like step by step today
we're walking through a modern roadmap to, retirement updated with
the latest, trends, rules and a little humor as always
to keep things lively.

Speaker 5 (26:52):
In.

Speaker 2 (26:52):
Life there are defining. Moments you may kiss the, bride
you got the, job.

Speaker 6 (26:56):
Buddy retirement is one of those stand out exceilear rating,
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 3 (27:10):
Called Trip limehouse With Limehouse financial eight hundred nine four
zero six nine seven.

Speaker 2 (27:15):
Nine that's eight hundred nine four zero six nine seven.

Speaker 3 (27:19):
Nine They we're back on the road to retirement With Trip.
Limehouse I'm steve, said all we have got much to
discuss is, well you KNOW i spent the first couple
of segments sort of Reminiscing Jimmy, Buffett Warren, buffett you,
know talking about some, lyrics this one right here at
trip this. SEGMENT i mean you've said this. Before you

(27:41):
know that the best time of The planet Of tree,
was you, know twenty years. Ago second best time is,
today and that's certainly something that you've said many times
and we've talked about it, here and that is so.
TRUE i guess the message there is it's not too.

Speaker 2 (27:56):
Late, Yeah and the fact is that that most people
out there don't have a written plan for. Retirement in,
fact a Recent Charles schwab study told us that only
about a third of people have a documented financial, plan
and even those who do feel significantly more confident about
their financial future kind of fall in that category as.

(28:18):
Well so that's just telling us that even people that
have a whole lot of money out there often don't
have a written retirement. Plan i'm thinking of a couple
that came in recently and they saw us ON. Tv
by the, way, FOLKS i want to encourage you to
check Out The road To retirement show ON. Tv it
airs three times over the weekend ON, ABC, nbc AND.

(28:38):
Cbs and if you have a hard time finding, it
you can visit limehousefinancial dot. Com we put THE tv
episodes on there for you to look. At but they
came to us after seeing us ON. Tv they heard
us talking about a written plan for retirement And, steve
this particular, couple, man they were just great. Savers you,
know had a massed amount two point nine million dollars

(29:02):
between brokerage accounts AND i rais and former employer sponsored retirement.
Accounts by the, way, folks for those of you that
are still working and contributing to a four oh one
four or three B tsp four fifty, seven et, cetera
don't be fooled by your employer calling it a. Plan,
okay they'll tell you have a four to ONE k,

(29:25):
plan but there's no plan involved. There it's just a
place to put money to, save and we're thankful for.
That but there's a big difference between an account and a.

Speaker 7 (29:35):
Plan.

Speaker 2 (29:35):
Okay an account is a place where money is. LOCATED
a plan is. Yours it gets you to where you
want to, go keeps you, there and you're in control of. It,
Okay so make sure you're asking us about the account
versus the. Plan we want to help you understand that
and do better in. Retirement but back to this couple
with their two point nine, million they were working with
a large we'll call it big box, Retailer. Steve you,

(30:00):
know they're on every corner, here all over our, marketplace
and you, know they just kind of sensed that something was.
Missing and so they heard me and my investment, Advisor
jonathan O'Reilly ON tv talking about what we're getting into right,
now this written plan for retirement, thing and so they
were a little. Curious they made an, appointment they came,

(30:22):
in and what we're able to identify is they did
not have an income and a distribution. Plan their portfolio
had not been reviewed in a very long, time even
though it was a very large. Portfolio they were unsure
about required minimum distributions and how much they were going to.
Be no one had ever made a recommendation on when

(30:44):
they should file For Social security to maximize and optimize.
It and they did not have a tax efficient retirement.
Plan that's a whole lot that they were, missing even
though they almost had three million bucks and they were working,
with you, know someone here, locally a a big box.
Retailer so you, know as a result of us just

(31:06):
giving them a, gift which is what we, did you,
know the written plan for. Retirement. Uh they they, Said,
hey we're just so impressed with what has happened here
at the conference table with you. Guys you, know we
would like to move all this money over to you
and become. Clients and so, anyway we brought them on
and there they just are feeling so much more confident

(31:29):
about where they are and about what's going to transpire
over the next years of their. Life and and it
just you, know if they had never met us with
their two point nine, million maybe they would have fared.
Well but now we know for a fact that they
have all of the things that are important FOR uh
success on their. Journey and you, know we're thankful for

(31:50):
them and to be working with. Them but you, know
we wanted to we want to just kind of break
down the steps to building that written, plan from choosing
your accounts folks and contribution, levels to deciding between a
traditional event or maybe even like a raw, option and
whether you're in your thirties or fifties or already in
retirement or it's just right around the. Corner i'm going

(32:11):
to mention some strategies that can really help put you
in the driver's seat for your road to retirement. Journey, So,
steve the first THING i like to talk about, is you,
know maybe how much a person a person should save
and how how would they get? Started?

Speaker 3 (32:27):
RIGHT i mean, AGAIN i think those are fair, questions
especially if you know it's kind of intimidating right to get.

Speaker 2 (32:34):
Started, yeah, absolutely it is so kind of the. BASICS
a general rule of thumb is to save ten to
fifteen percent of your pre tax income towards. Retirement and
if you're just starting, out even ten percent is a great.
Beginning you, know a lot of folks out there that
help in these areas from giving advice from that, standpoint you,

(32:56):
know they recommend working your way up to fifteen percent
as your income growth or maybe even. More and, folks
if you got a late start and you're dreaming of retiring,
early you can still do, it you. Know you, know
here's a tip that's as close as free money as
you can ever. Get if your employer offers you a

(33:17):
match on an employer sponsored retirement. Account, again it's not a,
plan it's just an, account, right take full, advantage, okay
because otherwise you're just leaving money on the. Table so
for some of you out, there if you're just starting to,
save if your employer offers a four percent, match you,
know make sure you're putting in four, percent because then
you got eight percent being you, know socked away for.

(33:39):
Retirement but the point here is just start doing. It
just start doing, it you. Know So amy AND i years,
ago and it took a while for us to be
able to do. This you, know we started using the
ten ten eighty rule and it has made a tremendous
difference in our. Life and actually that the percentages have

(34:03):
even gotten better now you know that that our girls
are older and and, uh you, know we don't have
as many obligations as we used to have to pay
for sporting events and you, know the school, college all
things like, that you, know but you, know, uh saving
ten percent of what we would, earn tithing ten percent

(34:25):
of what we would, earn and then living on the
eighty percent of what we'd. Earned so the ten ten
eighty rule is a great. Rule and by the, WAY
i want to give a shout out to my mom
and my. DAD i love you guys so. Much Merry
christmas to each one of, you and you guys played
a big part in helping. Me you, know AS i
was growing up learn about that ten ten eighty rule

(34:47):
and you, know mature into mature into it As i've,
aged and you, know be able to become more successful
by using. It SO i love you, both and thanks
for being big fans of, me of the show and
helping me with something like that. Rule But, STEVE i
guess at the end of the, day we just have
to start saving and then that will help us to

(35:09):
feel good about.

Speaker 3 (35:10):
It.

Speaker 2 (35:10):
Now in, general we are working with people that have
seven figure portfolios here At Limehouse. Financial we're helping the
wealthy people become. Wealthier BUT i will say that we
don't exclude anyone out. There, so, folks if you're out
there listening and you have any money at all saved for,
retirement and you want to make sure that you're doing
the best thing with, it that it's growing, appropriately that

(35:33):
you're not taking too much, risk that you have a
safe money. Strategy if you want to know that you're
going to get the most out Of Social security and
pay as little in taxes as, possible then give me
a call right. Now eight hundred nine four zero six
nine seventy, nine tell me that you'd like a written
plan for, retirement And i'll help you with. That, so you,

(35:53):
know let's talk about retirement accounts because there's different types
of retirement, Accounts, steve there's a lot, of aren't. There,
Yeah and it's difficult sometimes to think about what people
should consider. First so employer sponsored they call it a,
plan but it's just an, account, Okay So i'm going
to go with. That employer sponsored. Accounts there's a difference
between an account and a, plan. Folks employer sponsored accounts

(36:17):
are kind of the starting point for most, people especially
when there's that match involved THAT i mentioned a minute,
ago and that's when your employer, says, hey i'll put
in three percent if you put in three, percent. Okay,
now if you're an educator or work for a, nonprofit
you might have like a four h THREE b or
a four fifty. Seven it's the same, thing and it's
an employer sponsored. Account. Okay so you got, those and

(36:39):
then there's AN, ira which is perfect if you want,
to you, know put in some more over and above
what you're doing at. Work you, know that's that's separate
from a work. Plan you, know the beauty of AN
ira is that you can shop around and we can
help you with. That we can, have you, know talking

(36:59):
about the ways you can pay the lowest amount of
fees and potentially have the most amount of. Upside by the,
way folks want TO i want you to know that
if you have AN, ira did you know that you
can transfer that over to us as your new advisor
and potentially pay less fees and have more investment options
and be working with the local. Fiduciary if you have

(37:20):
AN ira that has not been reviewed in quite some,
time it's a great time of year for a second.
Opinion we do it all the. Time and by the, way,
folks if what we find is that YOUR ira is,
good we're going to tell you. That we're going to,
say don't change, it but if we can help you,
improve we're going to help you. Improve SO i ask
us about transferring YOUR ira over To Limehouse. Financial we

(37:41):
can help you manage. It jonathan O'Reilly is my investment.
Advisor we professionally manage a whole lot of money and
we're helping a lot of people with, that having a
lot of fun doing. It so, anyway you, know you
just have to look at a lot of different. Things
when you're considering what to contribute to how much to,
contribute and you have to talk with us about what

(38:03):
your goals are long. Term don't, Worry you're in the right.
Place this is what we do is experts here At Limehouse.
Financial we're income and distribution planning, expert social security experts
and we're having a lot of fun helping. People, hey
one more quick invitation folks to our. CHURCH a lot
of you out there looking for a place to go
On Christmas. Eve we'd love to have you visit us

(38:24):
At Mount Horrib Global Methodist church On Old Cherokee. Road
we have a bunch of different options for. Services we
have an eleven am traditional service in the, sanctuary a
two pm and a five pm contemporary service in the,
auditorium a seven pm traditional service and the, sanctuary and
a contemporary service in the auditorim at seven, pm and
then a nine pm contemporary in the. Auditorium come on

(38:47):
out and visit us At Mount Horbe Global Methodist church
This Christmas. Eve jesus is the reason for the. Season
thank You god for sending us your. Son, hey, folks
next ten callers in the next ten. Minutes are going
to get a written plan for, retirement no cost or.
Obligation eight hundred nine four zero six nine seventy. Nine
call in right now for your no cost or obligation

(39:09):
written plan for.

Speaker 3 (39:10):
Retirement sounds, Great, trip do give us a call eight
hundred nine four zero six nine seven nine eight hundred
nine four zero sixty nine seven, nine no, cost no.
Obligation make that call today while you're thinking of, it
and get yourself on the right track towards. Retirement we
are going to take a quick. Break we're coming. Back
we've got more on the road retirement With Trip. Limehouse
right after.

Speaker 2 (39:29):
This we're diving into the classic retirement questions that all
seem to start with one word. Win from Taking Social
security to pulling from retirement, accounts these decisions can make
or break your retirement. Journey, hey grab your coffee and stick.
Around we're answering the win questions that keep retirees up at,

(39:50):
night but we're going to provide less anxiety and more clarity.

Speaker 1 (40:00):
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 financial

(40:22):
eight hundred nine four zero sixty nine seventy nine eight
hundred nine four oh sixty nine seventy.

Speaker 3 (40:30):
Nine, hey we're back on the road to retirement With Trip.
Limehouse so one more segment to go here.

Speaker 4 (40:39):
And, AGAIN i like how you set this.

Speaker 3 (40:41):
Up we're talking about some classic, questions like you, said,
when AND i, mean there's a whole bunch of the
come to my, mind AND i guess we'll probably get
through most of, them.

Speaker 2 (40:51):
A lot of win. Questions and that's the common thing
meeting with people here At Limehouse, financial is that one word, when,
when and and we answer it. Folks if you're wondering,
when there's probably a bunch of. Them, uh this is
going to be really helpful for. You Social security is

(41:12):
probably one of the biggest win questions we. Get. Yeah,
absolutely it's a major life, decision big.

Speaker 3 (41:19):
Time and again it's probably the most important you'll, make
especially as a, couple one of the most important decisions
you'll make in your.

Speaker 2 (41:26):
Life, yeah and it's permanent, too at least after the twelfth.
Month you, know if someone has already filed for their
Social security benefit and more than twelve months has gone,
by they can't do anything about. It you. Can't you
can't stop and then start. Later you, know you're on
your on your. Path but if it's been within the twelve,

(41:46):
months you can stop and start. Later you. Know here
At Limehouse financial is a social security and income planning.
Expert you, know we help you understand how to do
two things regarding your Social security benefit maximize it and
opt demise. It and all you have to do is
just ask us for the Social security. Roadmap if you're
out there right now wondering about how to get the

(42:08):
most out of social security or when to take, it
as we're talking about when when to take Social, security
then you're in the right. Place eight hundred nine four
zero six nine seventy Nine limehousefinancial dot com ask us
for the Social Security. Roadmap definitely one of the top
asked questions before, retirement and for good. REASONS i, mean,

(42:30):
folks if you take benefits at sixty, TWO i mean
that can be tempting and maybe it is the right
thing to. Do it comes with up to a thirty
percent reduction compared to waiting until your full retirement. Age
but on the flip, side if you hold out until,
seventy which may be a good, option your benefit increases
by eight percent a year after your full retirement. Age

(42:53):
so think of it as kind of a delayed gratification with.
Interest so the way that you know whether it's smarter
to take the money early or play the long game
is by getting That social security. Roadmap so that's how
you're going to know when to take social security all?

Speaker 3 (43:11):
Right, again BUT i think it's important to sit down
with with somebody like, you independent and who has done
this a few times and can give us some. Options
AND i love working with the you know like. You
trip is that you get. Options you understand. That and,
again so once taking so, security, yep that's a big.
Deal and so once we get in closer to, retirement

(43:32):
when do we start pulling money from all those?

Speaker 4 (43:34):
Accounts and how do we know which one to? Start
how do we know where to?

Speaker 2 (43:38):
Start, WELL i think that people need to realize that
they've spent decades more than likely building their balances in
their four to one, k's four fifty sevens four or
three v's or their. Iras so drawing down the money
is the, question right when DO i start taking? It

(44:00):
and you know there are a group of people that
tap into their accounts right, away and then there's a
select group of people that wait until their required minimum
distributions kick in at age seventy. Three the key is

(44:20):
really balancing lifestyle, Needs, steve with tax. Efficiency so you,
know people really need to kind of be asking, us you,
know when to take money from their. Accounts, actually people
need to be turning their accounts into. Plans that's what's
going to enable them to make the best decisions is

(44:41):
having a, plan but perhaps delaying withdrawals or maybe looking
at you, know strategic early distributions to reduce future tax
hits could be you, know a really prudent way to.
Go this comes down to really the income and the distribution.
Plan you, know we do so many live events and

(45:02):
by the, way, folks keep checking our calendar for live
events coming up as we move into the new. Year,
okay under the Under Limehouse financial Dot com under the events,
tab you'll see when we're when we're going to be
getting together with you. Next but at these live, Events,
steve you, KNOW i talk to people AND i ask, them,

(45:24):
hey how many of you have an income and a distribution?
Plan and you, know maybe one personal raiser, hand but
in general it's you, know nobody has, that. Okay and
these are people that have, money you, know sometimes millions
of dollars. Okay so the income and the distribution plan
it demonstrates to a person when to take. Money it

(45:46):
also demonstrates where to take money, from how much money to,
take and it demonstrates how long the money will. Last. Okay, so,
folks this is really really imperative that you have an
income and a distribution. Plan you need to know when
to take, money where to take it, from how much

(46:07):
did it, take and how long it's going to. Last
so you need an income and a distribution. Plan if
you're listening right now and you do not have an
income and a distribution, PLAN i hope That i'm creating
a sense of urgency and that you will call me
right now and ask for the income and distribution. Plan
i'll give it to you at no cost for. Obligation

(46:28):
eight hundred nine four zero six' nine Seven nine Limehousefinancial. Dot, Com,
so steve that's a. Great question, you know WHEN do
i start taking money out of my, retirement accounts and
for everybody it's going to be a little. Bit different,
in general the order is going to be take money
from your tax deferred retirement, accounts first then take from

(46:52):
your taxable account such as a, broker's account and then
at the very end maybe, of retirement take from the
Tax free so we want to me, in general we're
we were wanting people's wroth iras to just continue to
grow and grow, and grow kind of save that for
the last part of retirement or to pass on to the.

(47:13):
Next generation, so hey before we get into the next,
WIN question i want to once again wish everybody A.
MERRY christmas i want to tell You that i'm thankful.
For you you guys are a gift. To us, without
you we wouldn't be able to be on the radio
and do what. We do and we also feel like
we're giving back to you of, our, time talent, and treasure,

(47:36):
you know by doing. This Show So. Merry christmas jesus
is the reason for, the season and Thank you god
for sending your son to. Save, US hey i want
to invite those out there looking for a place to
Worship On. CHRISTMAS eve i want to invite you to
our church where my, family Attends A Mount Horb Global
methodist Church On Old cherokee Road. In lexington we've got

(47:59):
a Lot Of christstmas. Eve services it's a great place
to come. In, WORSHIP again i want to invite you
to church. With us we have an eleven am traditional
service in, the sanctuary a two pm contemporary service in,
the auditorium a five pm contemporary service in, the auditorium
a Seven pm traditional service in, the sanctuary a seven

(48:20):
pm contemporary service in, the auditorium and then a nine
pm contemporary service in. The auditorium so if you're looking
for a place to Worship On, christmas eve come on
out and visit Us At Mount Horror Global methodist Church
On Old, cherokee Road And merry christmas to. All listening
so the next, Win question steve is a big one.

(48:41):
As well, YOU know i love KIND of i love
these questions because we just get them on an on
an ongoing basis from people that come to. See us, you,
know sure this. Is huge WHEN should i? Retire?

Speaker 3 (48:55):
AGAIN retire i think we should have an, idea ourselves
but at the, same time helping us put together a
plan can show us some different strategies as far as
when we should retire and when we.

Speaker 2 (49:07):
Could, retire yeah it's it is definitely the million. Dollar question,
like literally, you know so, retirement timing there's so much
that you have to factor and it really, depends on,
you know where, you, are folks with. Your finances, you
know it depends on, your health and it depends on,

(49:27):
you know how much you love or maybe loathe. Your
job so for for, Some, people steve, you know retiring
at sixty two sounds like a really. Good idea and
then for, other people maybe the sweet spot could be
sixty seven, or later especially if they're, you know trying
to really maximize their social security or still, you know

(49:50):
really building their. Nest, egg so, you know how can
we help people tell whether they're, truly ready not just
financially but. Emotionally well the way we do that is
by sitting down, with people spending time getting to know
them as, a person learning about where they are with,

(50:13):
their assets and then going from there and building. A plan,
YOU know i mean Here At, limehouse financial we professionally.
Manage money we offer safe money strategies such as The green.
Line principle by, The, way folks everyone needs a safe
money strategy where zero is. Your hero you cannot. Go backwards,
YOU know i have a lot of. Upside potential, you

(50:34):
know we're helping people, With medicare we're helping people understand taxation,
in retirement or helping people understand how inflation. Affects retirement
we're factoring in all of the things that are important
for you to know when you. Should retire and by, the,
way folks sometimes we're not the bearer of. Good news
sometimes we say you're going to have to keep working

(50:55):
a little longer or save a little. Bit more but
one thing you can count on is as a, local
fiduciary we're going to only make recommendations that are in your.
Best interest and if you can do it now and,
it works and your retirement success rate is going to
be at the threshold that it needs to be, or
greater then we're going, to, say yeah, go ahead you can,

(51:18):
do it and we're going to get excited by helping
you implement a plan to do. Just that, you, know
folks we are income and distribution, planning experts social. Security
experts we love. Helping you we're having fun helping people
and we feel like this is one of the ways
that we can give back to You as god has

(51:39):
given us the ability to do what we do here
and help. You up eight hundred nine four zero six
nine seventy nine is Our Number limehouse financial. Dot, com
hey it's the last offer of the. Show today it's
for a written plan. For retirement next ten callers in
the next ten minutes will receive a no cost, or
obligation individualized and customized written plan. For retirement eight hundred

(52:05):
nine four zero six nine. Seventy nine call in right
now and ask for it and. It's Yours limehouse Financial
dot com is where you find us on. The web
thanks for spending time with us today on. The show
we had a lot. Of fun make sure you tune
in next week for another great Episode Of the Road
To retirement Show With. Limehouse financial and, Until then god
bless You And. Merry christmas.

Speaker 7 (52:36):
If you REMEMBER these, tv shows you're getting ready, to retire.

Speaker 3 (52:40):
And everybody see a big pair of, feet there, cheesy
mustache you'll think.

Speaker 2 (52:44):
Of you.

Speaker 7 (52:45):
You, Guts well i'm one guy who ain't prejudiced against
anybody who maybe leship by. Than 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.

(53:10):
And taxation you've worked hard for your money and will
work just as hard to protect it and. Grow it
retirement planning doesn't have to. Be difficult get the facts
based approach that you deserve all at, no cost with.
No obligation Call the Road to Retirements trip limehouse eight

(53:32):
hundred nine fours zero sixty nine seventy nine or text
trip to eight hundred nine four zero six nine.

Speaker 1 (53:39):
Seventy nine information provided is for illustrated purposes only and
does not, constitute investment tax or. Legal advice information has
been obtained from sources that are deemed to, be reliable
but their accuracy and completeness cannot. Be Guaranteed Either trip
limehouse nor his guests are liable for the usage of.
Information discussed always consultable the, qualified investment legal or tax
professional before taking.

Speaker 2 (53:58):
Any action