Episode Transcript
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Speaker 1 (00:00):
You worked hard for your money, but do you know
how to make it work hard for you. You need
a team with experience, vigilance, and a strategy to help
you live the retirement you deserve. Find your financial safe
haven with Haven Financial Group. Today you're listening to the
new and improved Haven Financial Group Radio Show, where we
bring you comprehensive weekly financial wisdom from the professionals. It's
(00:23):
all about helping you solve retirement problems so you can
make your nest egg last. Your tune to the Haven
Financial Group Radio Show with your host Larry Kolvig and
Kim Karrigan your guides to weekly retirement confidence. If you're
interested in protecting and growing what you have, let us
be your financial safe haven. The fuone nines are always
(00:43):
open at six point two five four eighty four hundred.
Now get your financial questions ready because the Haven Financial
Group Radio Show starts now.
Speaker 2 (00:54):
Good morning, and welcome to the Haven Financial Group Radio Show.
I'm Larry Kolvig, foundered and CEO of the Haven Financial Group.
Thanks for listening this morning. We've got Glenn Ramy on
today on the healthcare piece of retirement, a big expense
that people oftentimes underestimate, So feel free to give us
a call this morning six one two five zero four
(01:16):
eighty four hundred or Havenfinancialgroup dot com. You can see
all the classes again. This week we had some very
well attended classes and upcoming classes that you might want
to attend. Education is power and we're very big believers
at Haven Financial Group that we want people to make
educated decisions and that starts with learning, learning about all
(01:38):
of these different topics. So Kim, good to be with
you once again.
Speaker 3 (01:42):
Thank you, sir. It's great to be with you, and
it's always terrific to have Glenn with us, and we
know that he is going to talk to us a
little bit about insurance costs and retirement. The theme of
our show today is health, happiness and retirement. And you know,
I think that being healthy and having a healthy plan
(02:02):
meets you happy. And then of course there we are
we find ourselves in retirement. Some of the segments that
we're going to talk about, as we mentioned, Glenn's going
to be here to talk a little bit about the
costs of your health. We'll talk about living healthy and
saving money. That coming up in our second segment, adjusting
to retirement. Lifestyle. That's an interesting one, Larry. I always think,
(02:24):
because I think a lot of people are so caught
up in making sure they're ready to retire, they forget
are they actually ready to retire? And that's got nothing
to do with their finances. It's a lifestyle change. And
then finally, how stable finances can make a healthy and
happy retirement. So today we're going to get started with
that healthcare piece. Boy, that's an important one when it
(02:47):
comes to retirement, isn't, Larry.
Speaker 2 (02:49):
It is, and I mentioned underestimated, very much underestimated the
costs associated with it making the right decisions. Just when
you figure healthcare out Medicare, then they change, change the rules,
and they continue to change every year. There's some changes,
and it can be very difficult to navigate, especially for
the elderly. And one could choose to do it by
(03:10):
themselves if they want to, but they don't pay anymore
if they go to an independent and broker that has
a non biased approach, and I mean non biased that
they're not going to try to sell them and lead
them into something just to sell them something. And that's
where we see mistakes made. And again it's good to
have Blenn here because he does have a non biased
(03:30):
approach him and Isabelle in our office, and we're very
blessed and fortunate to be able to help a lot
of people in the healthcare field in making this decisions,
so glad to have him here on this first segment.
Speaker 3 (03:42):
Well, Glenn, let's talk about the fact that, you know,
healthcare costs really are some of the biggest expenses that
we face in retirement.
Speaker 4 (03:49):
Percent and one of the most unplanned for expenses that
we face in retirement. People often forget that it's not
just the monthly premium that we're exposed to, right, it's
the cat our out of pocket limits, the cost of
our medications, or even more so, the cost of care
not covered by our healthcare right, like long term care costs.
(04:10):
They're really i think blindside people and retirement that are
preparing for it.
Speaker 3 (04:14):
So a lot of people, i think just think, well,
I'm going to get to retirement and I'm going to
begin to work through the medicare system and I'm not
going to have to worry about it. And that's not
exactly how it works, is it.
Speaker 4 (04:24):
No, not at all, especially when it comes to our
out of pocket cost right.
Speaker 2 (04:29):
So individuals that.
Speaker 4 (04:29):
Are on Medicare are going to choose between two different
types of Medicare plans, Medicare advantage plans refer to as
part sea of Medicare or Medicare supplement plans, and simple speaking,
advantage plans are going to be less expensive on the
premium side, but you have a higher exposure to out
of pocket limits that if we are prepared for a
chronic healthcare condition to come up, which might mean we're
(04:53):
going to meet those out of pocket limits every year
for the remainder of our life. Right, did we incorporate
that costs into our budget and income planning for retirement?
And I'll say a lot of people aren't. They're only
looking at what is the monthly premium have to pay
and not the exposure to the medical bills I have
to pay. On the subon side, we can be paying
a higher premium and have a lot less out of
(05:14):
pocket on the medical bills, but we're also going to
face annual premium increases. Right, How we incorporate that inflationary
metric to the healthcare premium cost that often outpace normal inflation?
Speaker 3 (05:25):
Sure? Absolutely, let's kind of walk through. I mean, this
is a very complicated subject, and we're just going to
do just a little bit of the cursory info here
and then, folks, if you have questions about this, Glenn
is there in the office, Isabella is there in the office,
and you can call the folks that have been financial group,
set up an appointment and get into more specifics related
(05:49):
to your healthcare and retirement. Six p one two five
zero four eight four zero zero is how you go
about that. It's the abcs of Medicare. So maybe you
could just walk us through the abcs of Medicare.
Speaker 4 (06:02):
Yeah, so a right, the Part A of our Medicare
benefits will start there. Right are the inpatient benefits of Medicare.
Those that pay for our hospitalization, skilled nursing facility for
inpatient rehab, as well as hospice and home health care
fall under Part A of Medicare. And one thing Larry
knows that I mentioned in every Medicare class we talk
(06:22):
about is the fact that Part A, it actually called
a limited benefit health plan that Medicare by itself, without
the advantage or supplement insurance in place, could leave us
responsible for paying the full cost of a hospital stay
if we're God forbid in the hospital for too long,
and right now that cut off would be after one
hundred and fifty days. On one hundred and fifty first day,
(06:43):
Medicare is saying, now we are responsible for one hundred
percent of the hospital stay unless we have that advantage
or supplement plan that's helping pick up that cost for
us in that circumstance.
Speaker 3 (06:52):
Sure, all right, didn't we have B?
Speaker 2 (06:54):
Yes?
Speaker 3 (06:54):
Part B?
Speaker 2 (06:55):
Right?
Speaker 4 (06:55):
Part B our out patient benefits in the simplest terms
I can give. Right, our doctor appointments are testing our
outpatient procedures as well as durable medical equipment and ambulatory
services that fall unto that Part B benefit. And either
we're gonna have exposure under a Medicare advantage plan to
co payments or coinsurances for those services until we meet
(07:16):
that out of pocket limit, or we're gonna have a
something plan that covers those costs for us in that circumstance.
But again with Medicare by itself, like I was highlighting
with Part A, Part A and Part B don't have
out of pocket limits associated with them by themselves. We
need this other insurance, this advantage plan, or this something plan,
I like to say, to fix those problems in Medicare,
(07:37):
and limit our exposure to those medical bills to a
defined dollar amount.
Speaker 3 (07:40):
Absolutely, so that's what fills the gap.
Speaker 4 (07:43):
Yeah, exactly, exactly. So I they call the metagap policies
in some circumstances.
Speaker 3 (07:48):
Sure, and they change. And again this is another really
important reason for people to talk to experts like you, Glenn.
They're different and the costs are different in every state at.
Speaker 4 (07:57):
One percent, and not just that they are a rule change,
like Larry mentioned, So I use one example. This year
was the first year Medicare drug plans Part D that
Part D benefit right had an out of pocket limit
associated to them, where today a drug plan is a
two thousand out of pocket limit associated with it. Prior
to that rule change, there wasn't an out of pocket maximum.
(08:19):
And I'll share an extreme scenario I had with a
client of mine who was dealing with cancer, having to
take an anti cancer medication that retailed at sixteen thousand
per month, and even with insurance, because there was no
out of pocket caps at that time, he was out
of pocket nine thousand per year in medication costs alone,
(08:40):
not counting as premiums, not counting as doctor bills, just
the medication cost RIGHT did we prepare for that cost
when we did our income planning and retirement. I'd say
most people aren't thinking about that, right of course not.
Speaker 3 (08:53):
Yeah, absolutely, So we've talked about the ABCS, and again
there's lots more details associated with that. But let's talk
about deadlines. There's a lot of deadlines and there's a
lot of dates that you need to address when it
comes to medicare.
Speaker 4 (09:08):
Yeah, I'll cover three for a million important ones.
Speaker 2 (09:10):
Right.
Speaker 4 (09:10):
The first one is going to be called our initial
enrollment period. Right, this is us turning sixty five, and
Medicare is starting on the birth month that we turned
sixty five. In the first that month would be that
earliest starting date, with one exception, if we're born on
the first of the month, they'll let us start a
month early. For the rest of us, it'll be that
birth month, and Medicare is going to give us a
seven month enrollment period three months before that month and
(09:32):
three months after to all around Medicare and order without
fearing that we're going to be late or pay penalties.
So there's the first one. The second one is going
to be a special enrollment period for those that might
delay Medicare. Right, we might still work past sixty five
and have great healthcare from our job, and if our
benefits are credible for Medicare, we're allowed to delay our
Medicare if we want to to maintain on those employer
(09:54):
policies past age sixty five and not take Medicare. Maybe
we want to continue fund how saving accounts while we're
working right, and again we'd be able to do that
if we didn't have that Medicare component in place. But
when we leave that employer, we're given a special enrollment
period sixty three days to get a prescription drug plan
in place after our benefits stop in eight months to
(10:15):
get all everything else of Medicare in order without being
late or paying penalties. And then the last one that's
really important to know about is the annual enrollment period,
the review time for those already on Medicare October fifteenth
to December seventh, that opportunity to shop our Medicare plans.
And this is where I'd say many people are missing
opportunities for savings and shopping their Medicare plans based on
(10:39):
their changes to their medications and changes to their medication plans.
The average savings that's being missed out on a seven
hundred dollars a year in savings by people not shopping
out those Medicare plans at the end of the year
that October fifteenth to December seventh window.
Speaker 3 (10:57):
Well, I think we get comfortable, it gets easy, and
that's a lot of work we're able to have to do.
So absolutely, we're jumping around just a bit because of
time purposes, long term care. I know you have some
stats about that, and again, these are all issues that
can be taken up with our friends there at Haven
Financial Group. Folks, we're just jumping around a little bit
(11:19):
to just give you a sense of some of the
things that you need to be aware of. So talking
about long term care, yeah.
Speaker 4 (11:25):
So they would project that in our retirement years we
should be expecting close to three hundred thousand now in
health care cost that are not covered by our health
insurance plans. And this is a lot of that long
term care stuff, right, the home healthcare, the assisted living facilities,
and the nursing homes. Right, And yeah, I've got some statistics.
Seventy percent of us will need some help before we
(11:46):
pass away, fifty percent of us will spend time in
the nursing home, and the average is just about three years. Right,
Are we preparing for what today in our state is
a ten thousand median cost per month to be in
a nursing home facility? Right, one hundred and twenty thousand
a year with the average stay of three years, three
hundred and sixty thousand in cost. Have we built that
(12:08):
into our retirement plan? We're planning and if not, that's
where that risk and liability comes into play.
Speaker 3 (12:14):
Okay, So Larry again, folks can call, make appointments and
get a whole lot more information from you guys. They
can even attend some of these wonderful educational seminars.
Speaker 2 (12:25):
Yeah, we teach, Glenn mainly teaches Medicare made Simple classes.
Go to our website see when those dates are. I'd
be remissing this healthcare segment to say we didn't cover
hssa's where I know we're up against the clock, but
hssay's health savings accounts so important. Utilize them. They're powerful
and if you're not contributing and not maxing that out,
(12:45):
you're going to really wish you did. Glenn mentioned long
term care. None of us like to talk about it,
so most people don't talk about it. And then they
find themselves like Michael who recently one of my clients
checked his wife Kathleen, and and he comes in and
he goes he had an invoice for fifteen thousand dollars
for the first month. They hadn't talked about it, they
(13:07):
hadn't prepared for it. Unfortunately, we lost Kathleen in a
very short amount of time. But that's part of the
spend down process. It can decimate harder and work that
we've done and the moneies that we've worked all our life.
If you haven't at least entertained or been educated on
what long term care options are out there, you owe
(13:28):
it to yourself. Sit down with Glenna, Isabella and have
the conversation. Have it at least with somebody, and we'd
be honored to be one of those folks to be
able to sit down with you.
Speaker 3 (13:38):
Six one two five zero four eight four zero zero.
That's how you set up your appointment. Go in and
meet with the folks at Haven Financial Group. Glenn Rami,
thank you, thank you so much. You're always so informative.
Really appreciate it. Or with you guys, oh well, we
appreciate you being here. When we come back, we're going
to talk about living healthy and saving money. This is
the Haven Financial Group Radio Show.
Speaker 1 (14:00):
Don't go too far. We're gathering more important insights and
retirement pays govinment the Haven Financial Group Radio Show. We'll
be right back. Stick around. You've got questions, We've got answers.
Your tune to the Haven Financial Group Radio Show with
your host Larry Kulvig and Kim Karagan. No back to
(14:21):
the show.
Speaker 2 (14:22):
Good morning once again, and thanks for listening to the
Haven Financial Group Radio Show. Feel free to give us
a call six one two five zero four eighty four
hundred or Havenfinancialgroup dot com. There's all kinds of retirement
tools on there. Kim our classes again that are coming up,
So again, feel free to reach out to us with questions, worries,
(14:42):
concerns of something that we said today rings a bell.
We'd love to sit down and visit more with you.
Living healthy and saving money all those seems like really simple,
doesn't it.
Speaker 3 (14:55):
It does, but sometimes it can be difficult. And Larry,
I know that you're not in the business of telling
people how to live their lives, but I'm sure that
you talk to some of your clients about these issues
because they do lead directly to saving money and then
you know, ultimately helping with those portfolios and moving forward
(15:16):
the way people want to in their retirement. An ounce
of prevention, right, it's worth a whole lot.
Speaker 2 (15:21):
Yeah, I mean with medical advancements and doctoring and all
the things we have at our fingertips today. You know,
it's different than maybe if you're listening your parents or
your grandparents who refused to go to the doctor. They
didn't want to go to the doctor. There wasn't the
options that we have today, and we have them at
our fingertips. Preventive care, you know, can produce the long
term care costs. You know, other health issues that may
(15:42):
come up, so you know, the regular checkups, the screenings,
the immunizations, all of those things are important. Now, well,
we're going to talk about this segment. Can be different
for different people. You know, we have been very fortunate
to have a lot of nurses as clients here at
Haven Financial Group and doctors at all kinds. I feel
like I'm well taken care of because I get all
(16:03):
this professional nursing advice and I don't have to pay
for it. In fact, I get to help them. So
hollistic approaches, the exercise approach. You know, take this, take that,
and you know it's fantastic. Or you know the physical activity,
you know, working out. I know, pickleball, it comes to mind, right,
but because I have all kinds of clients that are
(16:25):
playing pickleball and it's getting them out, and it's getting
getting them some exercise, and we know that helps.
Speaker 3 (16:29):
And you know, just a good walk, right, a good walk.
Speaker 2 (16:33):
You know. Sleep, you know, I don't know some people
don't require sleep that I require. I need my seven
to eight hours, my dad, maybe the president, others three
to four hours, and they're good to go, my goodness sake,
most people require more and sleep is a big part,
and a deprivation of that, you know, really can cause problems.
Speaker 3 (16:52):
You know.
Speaker 2 (16:53):
Weight management, you know, I think it's probably more discussion
now than ever than with various things that are out
there watching that. You know, even in my own personal life,
you know, dropping quite a few pounds has helped dramatically.
You know, as I'm now fifty five, I can't eat
a pizza at nine o'clock at night and expect to
you know, be just fine if you will. So, you know,
(17:16):
drinking lots of water, you know, you hear it all
the time. But hydration extremely important. You know, we live
here in Minnesota where the winters are extremely dry, and
again just drinking enough water. There's so many different things,
but all of these are extremely important.
Speaker 3 (17:33):
Absolutely, And of course good health makes you feel better
in retirement. I mean, you know, we could we want
to be in sunshine, and we want to be in
good health, and we can have all the money in
the world, but without good health, it's all sort of lost.
Quitting smoking has to be one of them that is
just so important. It's such an expensive habit that people have,
(17:53):
number one, just the smoking, but then the repercussions of that.
And we were just talking about healthcare and the cost
of health care and the drugs, and you know, these
are all things that none of us want to plan
for in our retirement because we want to think that
it's going to be all be about vacationing and visiting
grandkids and having experiences. But these health issues can turn
(18:16):
what you know, we think are going to be good
experiences into bad ones.
Speaker 2 (18:19):
Well, for sure, you know you said quitting smoking. I
was at the local BP headed to the office here
just this past week, and in front of me the
person was buying packets of cigarettes. I mean, it's personal
choice if that's what they want to do. And when
the cleric said how much it was, I'm like, I
had no idea cigarettes were that expensive or tobacco. I'm like, whoa,
(18:41):
I'm talking about a retirement budget. That will go right
into a retirement budget really quick. I was shocked. Another
one that really come hits home now because my wife
Chelle and I we lost our local, our family Jeweler
for we've known for forty fifty years, second generation Saint
Paul Jeweler. Mental health is real. Unfortunately we lost him
(19:05):
at the mere age of fifty two, just recently and lovable, likable,
everybody liked him. But mental health really attacked him the
last month and unfortunately it cost him his life. And
you know, don't let it go unnoticed, you know, especially
as you retired, depression, anxiety, you know, finding, you know,
(19:26):
you know your niche and retirement. Don't let these things
go unnoticed. You know, check in with checking with family members,
check in with your you know, your doctors or whoever
you need to check in with. Just make sure that
that doesn't go unnoticed. So you know, all of these
things can lead to a lot more comfortable retirement years,
(19:47):
the golden years. And just doing some of these, or
just at least attempting to create a discipline might surprise
yourself and it might lower your budget, and you might
find something you really like to do that you had
no idea.
Speaker 3 (20:01):
Absolutely.
Speaker 1 (20:02):
Er.
Speaker 3 (20:02):
Do you know, have you come across any services or
insurance plan certainly insurance plans those kinds of things that
are cheaper as a result of good health.
Speaker 2 (20:13):
Oh, absolutely, Just the premiums and the rates that your
life insurance. You know, we do a lot of do
a lot of life insurance reviews and get just qualifying
for life insurance, qualifying for long term care. You know,
if you're listening and maybe well I could never qualify,
I could never qualify, you might be surprised. You know,
insurance companies, they all differ very dramatically, and a lot
(20:37):
of times long term care, I won't qualify it because
I have this or I have this. Glenn, he helps
a lot of people that second guests the ability to
get any of this. So give it a second look
if you haven't looked at it in some time. But
all of these things you and I have talked about
these segments will lend itself to lower costs, lower premiums,
(20:58):
getting approved rather than not getting approved, and all that
might You might, you know, leverage your position to be
able to handle these costs and expenses in retirement. It
could go a long way.
Speaker 3 (21:10):
Absolutely. So again we're talking about health and happiness in retirement. Today,
we've talked about insurance. We're now talking about living a
healthy lifestyle and the kind of dollars that that can
save you in retirement. If we're talking about anything striking
a chord with you, the folks that have in Financial
Group would love to sit down with you and talk
about your portfolio and talk about a planner or put
(21:31):
a portfolio together for you. If you don't have one,
that number is six one two five zero four eight
four zero zero. You give them a call, tell them
you heard us here on the radio and that you'd
like to set up an appointment. It's free. You come in,
you sit down, you meet with some of the experts there,
some of the financial planners, talk about you know what
your goals are and make a determination as to whether
(21:54):
Haven Financial Group is the right fit for you, and
vice versa. They also have a number of Haven Financial
Group educational seminars that are free to anyone. You don't
have to be a client. You can go to Havenfinancialgroup
dot com if you'd like to learn more about healthcare,
maybe you'd like to learn about social Securitynfinancialgroup dot com.
(22:16):
Take a look at what's being offered and where they
do ask that you sign up so they have a
sense of how many people may be attending. All right,
when we come back, we're going to talk about adjusting
to retirement lifestyle. I think everybody thinks I can't wait
to get there. I can't wait to get there, and
then what happens when you do get there and that
busy lifestyle maybe slows down dramatically. A lot of people
(22:39):
don't think that through. That may not be for you,
or maybe not for you right now. So we're going
to talk a little bit about that right here on
the Haven Financial Group Radio Show.
Speaker 1 (22:51):
Ready to find your financial safe Haven. Your dream retirement
is in reach. Don't go away. The Haven Financial Group
Radio Show will be right back. Are you worried that
your financial strategy might be missing something, Well, you're in
the right place. Larry Colvig is back and ready to
help you find your financial Safe Haven.
Speaker 2 (23:12):
Good morning, and welcome back to the Haven Financial Group
Radio show. I'm Larry Kulvig, founder and CEO of the
Haven Financial Group, celebrating ten years this summer. Ten years, Kim,
it's been a great ten years. I just can't believe
it's been ten years where we've been able to help
many retirees, many of folks listing many people that have
(23:34):
retired are looking to retire in a variety of these
retirement areas. And you know, every week we talk about
the retirement puzzle pieces, you know, just as today we're
talking about healthcare, long term care, a state planning, wealth management, investments,
insurance annuities and all these various retirement topics which can
(23:54):
seem very very overwhelming. Yet at Haven, we try to
simplify this process, take people through a process, and we
really want them to understand that we're really a partner
in this process they're to lean on when the stock
market is rolling all over the place. Although we had
a couple of really good days this past week, if
any everybody's noticed, we want to be a partner and
(24:16):
give people the attention in all these areas that many
people are not getting today. They're paying a lot and
getting very little attention, and I find that to be
catastrophic and you should deserve more for what you're paying.
And if that's you, come on in and visit with us.
Speaker 3 (24:34):
Well, I think you know, today's topic show topic in
and of itself just sort of proofs that the folks
there at Haven Financial Group care about more than just
your financial wellbeing. They want your entire retirement to be
healthy and happy. And certainly that means being financially stable,
and in fact, we're going to talk about that in
(24:56):
our last segment, but it also means, you know, living
a life, a healthy life, the life that you have
worked so hard all of your life to put together.
So we did want to talk a little bit and
I Larry, I'm sure that you have a lot of
people who come in and say, Larry, it's been six
months now and I've retired and this isn't exactly what
(25:19):
I thought it was going to be. And that's less
about the money and more about the lifestyle itself.
Speaker 2 (25:24):
Oh it's so true. I mean, it is a transition,
it's another chapter of your life. You know, you worked
all these years to get to where you're at, and
you turn the chat it is a new chapter and
finding your identity. You know, all those years you went
to work, if you're married, your husband went to work
or your spouse went to work, and you went different directions.
You saw each other on the weekend, and that in itself,
(25:46):
for couples is a major transition. It's a reason why others,
and not just myself and haven we recommend maybe you know,
maybe retiring at least thirty days difference, just because of that.
The comments over the years that when a couple retires
at the same time, honey, I've seen more of you
in the last week than I saw you in the
(26:06):
last six months, which can be very, very fulfilling and
great and also maybe a little challenging. Now one may
be dictating over the other what your schedule looks like,
and you haven't had anybody do that because you've gone
to work and all your friends and your social aspects
have been at work. And now what now? How do
(26:26):
you fill that time? Now? How do you find your
sense of purpose which leads itself to do you have
any hobbies? I'll tell you in Minnesota that people that
find themselves retiring and making the decision to retire in
the fall oftentimes wish they would have waited till the spring,
because the fall and the cold and the snow comes
and now what you're cooped up inside you don't know
(26:48):
what to do, whereas the springtime you have an adjustment period.
So numerous things that we've ran into over the course
of the last many many years that I've been doing this.
Speaker 3 (26:58):
What about a part time job and how does that
affect your retirement?
Speaker 2 (27:03):
Yeah, nobody said you could get a part time job.
I mean I think of numerous clients that are you know,
rangering at the golf course, or the starter at the
golf course, or they're mowing grass and they're getting golf
perks because of the work they're doing. Or you know,
I just had a relf and prior lake he retired
from hazelteen and I saw him at church and you know,
(27:23):
he's retired, but he got a job over the road
delivering trucks and he's enjoying it. Is he really enjoying it?
So there's nothing that says you can't now. It's better
that it's an option rather than you have to go
back to work, which is why we stress every week
of having a plan, a financial plan, a retirement plan. Now,
I do want to say, if you are before full
(27:46):
retirement age and you are collecting Social Security, you want
to make sure that you're mapping out the right plan
so that you're not going over the income thresholds and
other particular things that may be affected by your income
that you maybe generate, which is a good thing. You
just want to make sure you're doing it in the
right way. So again I mentioned the last segment pick
(28:06):
a ball. We have a lot of clients that want
to give back. You know, they work at the nursing
home or at the front desk at the hospital, at
the clinic, so you know, volunteering what a great way
to do it. Or maybe continuing education. You know, education
keeps the mind sharp and you know, you know, just
continuing to learn. And you know, I think of another gentleman,
(28:28):
because unfortunately, the many years as I do this, the
more we lose clients. Lost a very good friend, client
and friend who worked for three a m. He passed
at ninety eight. We were at his memorial here last
week and he did sudoku and those all those word
puzzles and he was doing it right up to the
end and his mind was still sharp, So you know,
(28:50):
it's interesting to see all the various things that you
can do. What I do know is there's a comedy
nominator for clients that we've seen and I've seen over
the years that don't or they don't adjust well, they
don't have any real hobbies. Then they sit on the
couch and the recliner, and that does not bode well
for long term, long term for their life, and I've
(29:15):
seen it too many times. So those that are active,
those that are social, those that maintain those you know,
the routine checkups and and you know, those that are
financially sound, that have a plan. Let's face it, planning
can create a lot, you know, a lot less stress,
(29:35):
and it shows and the people that have the ability
that have a plan and financially have been disciplined that
now they're able to travel, they're able to do the
things they want to do, because let's face it, it
takes money to be able to do these things or
whatever you like to do. Being able to spend quality
time with your kids and your family and your friends,
that's the balance that retirees continue to look for. For
(29:58):
some it comes easy, for some, it comes very difficult.
I remember a flight attendant that we lost to COVID.
Just the sweetest, sweetest lady. I still can't believe she's gone.
And yeah, COVID took her very early, but she was
a flight attendant for forty one years. She took the
early package when COVID hit. And I saw her like
(30:20):
six months after retiring, and she came in and I said,
how do you like retirement? She goes, I hate it.
I wouldn't have taken I wouldn't have retired hadn't they
offered this plan. Unfortunately, she didn't get to stay retired
long because COVID took her. But again, some people adjust,
other people don't adjust. So just know, have a plan,
(30:41):
stick to the plan, have somebody accountable, and have a partner,
you know, whether it's us or somebody that's really doing
a good job, to be able to ask questions, to
lean on. Because, let's face it, when you put together
a retirement plan, a financial plan, all these things and
you and I talk about weekly, it's not about just
setting it in stone and leaving it, never talking about
it or touching it again. It's having continued conversations to
(31:05):
give you the confidence to know we're in good shape,
or we're not in good shape, and how do we
get in good shape? And I say shape, I could
be talking physically, I could talk and financially emotionally, you know,
emotions plays a big part of health and just knowing
that you're in a good spot or you've made the
(31:25):
rep proper adjustments. But if you're not having these conversations
and don't have a partner, I'm guessing you're not getting
that attention that you deserve.
Speaker 3 (31:33):
Absolutely, let me give everyone the number at six one
two five zero four eighty four hundred. Six one two
five zero four eighty four hundred. That's how you set
up an appointment with the folks that Haven financial group. Larry.
I would imagine too that some people you talk about,
you know, readjusting, readjusting. Yes, sometimes we have to readjust
because our investments need to be in a different place,
(31:55):
or maybe you know, things happen in life and you
have But I woant to mention some people come in
and say, Larry, I want to readjust because this isn't
the lifestyle I'm looking for. And we're going to maybe
sell this house and we're going to move, or we're
going to downsize or We're gonna just do some different
things because this isn't exactly fulfilling enough for us.
Speaker 2 (32:17):
Oh yeah, we see this all the time. You know,
your kids live in a different area, the grandkids are there.
It's not always you know that a lot of times
people move, retirees move to get closer to the family.
That could require selling a house, buying a new house.
We get those, you know, do I take out a mortgage,
do I use the equity? Where do I draw the
money from? These are ongoing conversations for sure, or maybe
(32:39):
those knees aren't as good anymore. And you've got a
two level house and sure now you want to go
to a slab or one level living. And there's all
kinds of these conversations that we have, and we want
to have them to make sure that our clients are
making the right decisions or they're making an educated decision,
that they're throwing ideas off of us because we've seen
(33:00):
these things happened before and they've not seen them happen before.
And you know, chalk your chalk a lot up to experience,
and we have that here at Haven Financial Group again
because many of us on the staff have many, many,
many years of experience in this field of planning for
those retirement years, making the adjustments, and people always think money. Yes,
(33:23):
we manage wealth with Charles Schwab and Fidelity and we've
had kyleon and Greg and all the team. But it's
much more in retirement than just money. That's just a
piece of the puzzle.
Speaker 3 (33:35):
You bet six one two five zero four eight four
zero zero. When we come back, we do want to
talk about those stable finances and of course what they
mean for a happy and healthy retirement. This is the
Haven Financial Group Radio Show.
Speaker 1 (33:50):
Don't go too far. We're gathering more important insights and
retirement paice government the Haven Financial Group Radio Show. We'll
be right back. Stick around, you've got questions, We've got answers.
Your tune to the Haven Financial Group Radio Show with
your host Larry Kolvig and Kim Karrigan. Now back to
(34:11):
the show.
Speaker 2 (34:12):
Good morning once again, and welcome to the Haven Financial
Group Radio Show. I'm Larry Koalvig, founder and CEO of
the Haven Financier Group, talking about retirements, about all the
different things to make those adjustments, and of course it
does take stable finances, Kim, to get that happy, healthy
retirement that we're looking for, and that doesn't come by itself.
(34:34):
It takes a discipline.
Speaker 3 (34:35):
Yeah, absolutely. You know, when we're working, you know, we
have bad, bad times or downtimes. Maybe it's frustrating, but
we can sort of make that up. But when you
start to get into those retirement years and things start
to fall off that stable wagon, that gets very scary.
Speaker 2 (34:54):
It does, and we want to calm that fear. You know,
this is our wheelhouse. These are all things that we
do at Haven Financial Group. You know, guaranteed income. You know,
when you're working, you have that paycheck. I've said it before,
I've asked the question, what's the hardest thing in retirement?
And it's not getting it guaranteed paycheck anymore from your work?
(35:14):
And how do you create that income? You know, we
want to look at social security. We teach classes on it.
Do you have a pension? Very few do nowadays. You know,
how do you generate your own income? Where's it going
to come from? If you don't have enough? How do
you do it in the most tax efficient way possible?
You know, is an annuity a good way to guarantee
(35:36):
lifetime income? For some it is, others it's not necessary.
With that said, you know this upcoming week you can
go to our website. We teach a class this month.
I think on the fourteenth and the twentieth of May,
we teach the Truth about Annuities. I teach the Truth
about Annuities class. I don't know anybody else teaching it.
(35:58):
It's just given the facts about you know how they work,
so you can make good decisions on it. Does it
fit into your portfolio or does it not? Income is
the name of the game, you know. I always talk
about emergency funds, liquidity. Do you have enough liquid most
retirees and do most people don't? You know? Do you
(36:18):
have fifty two hundred grand in the bank or do
you have five to ten thousand? How much risk and
do you have in your portfolio? I'm going to say
many people have very little liquid and everything at risk
in the stock market. Not a good recipe to go
into retirement. It takes more balance, It takes more rebalancing
and balancing and diversification, all the things that you might
(36:38):
have heard before. But are you executing that? The people
you're working with are they executing it? Are you taking
social security at the right time, or are you leaving
a lot on the table. If you're a married couple,
it should be a we decision, not a meat decision.
So these are all the topics that we talk about
as we take people through our Haven proprietary process of
(37:01):
getting to know you, you getting to know us. This is
all part of the discussion.
Speaker 3 (37:06):
Absolutely, and then of course healthcare planning because that can
come up quicker than any other issues. Obviously.
Speaker 2 (37:12):
Yes, this past week, one of our newer clients that
we were referred to, she talked with us, and you
know what, she had done a much better job than
she thought. She's like, I'm ready to retire, can I?
And we said, absolutely you can. She put her notice
in the next day. Well, she'd had to come in
and talk with Glenn about medicare and healthcare right away
(37:33):
because that needs to be lined up ahead of time,
and they looked at all the options she brought her
for when kay rollover check already in, she had to
discuss it with Glenn. She's already signed up. She has
a smile on her face, and she's retired. And to
her credit, she did a good job of being disciplined
and doing it on her own. But she goes I
(37:54):
don't want to do it on my own anymore. Now
that I'm retired, I need help. And she was open
and honest she ask for help, and that in itself
goes a long way. So again there's a lot that
goes into it, but stable finances, a plan and income stream,
finding your purpose. This all leads itself to financial freedom,
(38:16):
to confidence, confidence calms the fear and the anxiety, all
those things that can decimate the comfort of the golden years.
And again, it's all the things that we do when
we're not patting ourselves on the back. It's what we
enjoy doing, and it's really what a retirement advisory firm
should be doing.
Speaker 3 (38:34):
Right And you know, in the end, a good financial
plan builds in freedom, and freedom makes you healthier and
makes you happier in your retirement years, which has really
been the whole idea of this show today, Larry, And
that just to me feels like that is so important.
If you are financially stable, then you can focus on
(38:57):
mental health, and you can focus on you know, having
a purpose, you can take care of everything else that
comes along with it.
Speaker 2 (39:05):
It's so true. So all these retirement puzzle pieces, if
you're listening and you're not getting the conversation. The tax
planning if you don't like the results of your tax
preparation this past year. The healthcare, the medicare, the long
term care, you know, all these things we don't like
to talk about. The estate planning, the trust, the will.
(39:27):
You know, planning for your devise. Not exciting, not fun,
but important, especially for those listening that want to be
want legacy in their future to their kids, grandkids, whether
it's charities, investment, portfolios and well and the balancing and
rebalancing and volatile times, all of these putting all these
pieces together. And guess what, this isn't the same for everybody.
(39:49):
It's not a one glove fits all thing. Some need income,
some don't, some need flexibility, some don't need as much,
some have more than others, small, medium or large. Whether
you're situation is complex or simple. So many times people
bury it ahead in the sand, and I don't have
enough to worry about. I don't want to waste your time.
That is the wrong solution. You owe it to you,
(40:12):
your spouse, if you're married, your family, your kids, or whoever,
whoever is important to you, to make sure that you're
looking within at your own situation, you know, leaving your
spouse in the best situation when you're if you're not here.
All of these are things that are important, So feel
free to give us a call. Six' one two five
four eighty four hundred come to our, classes visit. Us
(40:35):
we have a laid back approach. This we do not
have a sales approach here do we help a lot of.
People we're very fortunate. Too we just had our Annual shredd,
event our clients shread event at our office every year
after shred after a tax. Season we have the veteran shredding.
Truck we might have clients come. In we had fourteen
thousand pounds of paper in one. Afternoon. Kim we actually
(41:00):
We carboni's next to us here In burnsville did a great.
Job we took over the whole restaurant for the almost
the whole. Day our clients had, fun they brought, friends
we played, music. Bingo they just had a. Blast and you,
know a lot of this stuff can be that we
do and that we talk about even on the, show
can be, stressful and we like to have fun with.
(41:21):
It and our clients know, it and they love to
come to our events and if you want to be
part of that community as we call it At Haven
online and go to our Safe haven. Community that's what
we tried to, create a, haven and we're very blessed
to be here ten years and we'd like to help
you as.
Speaker 3 (41:37):
Well, Absolutely and you, KNOW i know that we say this,
frequently but it's worth. Repeating getting started sooner rather than
later is. Better but you have to just get.
Speaker 2 (41:49):
STARTED a failure to plan is a plan to. Fail
so get started, now even if you're even if you're already,
retired even if you're five years or ten, years or
if maybe you're younger and listening twenty, Years it doesn't
matter whatever, age whatever age you, are whatever your situation, is,
kids no, kids, family no. Family, again it's your unique
(42:09):
situation and it deserves the same type of.
Speaker 3 (42:12):
Conversation six one two five zero four eight four zero.
Zero give them a, call tell them that you heard
us here on the. Radio you'd like to come, in
set up an appointment and talk with the experts there
at even financial. Group we do want to remind everybody
one more time Today larry about those educational seminars we mentioned.
Them you, know we stick that in here and there,
(42:34):
boy they really are, important AND i am amazed you
say time and time again that they are absolutely, packed
so many people interested in being educated about these very important.
Subjects they're very well.
Speaker 2 (42:47):
Attended we teach them in community education. Settings we teach
them at local, libraries, Colleges Dakota County tech we have coming.
Up i've talked many classes there other colleges over the.
Years medical medicare made simple investment, classes The truth About,
annuities which we're having this month to two different, sessions
(43:08):
and other classes throughout the course of the. Year, Wills
trusts and legacy planning with our estate planning attorney, Partners
Anna carrie And Keith so again very well. Attended we
encourage our own clients to continue to come out because
things are ever. Changing new people to come. In they'll
have the option to come in and visit with. Us
(43:30):
we'll walk them through the same. Approach it'll be. Comfortable
you know a lot of, times you know people couples
come in and they pinky promised down the way here
that they're not going to do. Anything we don't want
you to do. Anything we don't even know if you're
gonna like us or we're gonna like you for that.
Matter of, course, again we want to laid back. Approach
we want people to be comfortable to not have their
(43:52):
guard up just because somebody's going to try to sell
them something that is the opposite approach that we.
Speaker 3 (43:57):
Have so, again it's Even financialgroup dot. Com that's where
you can learn about these educational. Seminars be sure you
go check it. OUT i bet there's a subject that
you'd like to know more. About and if you'd like
to set up an, appointment you can call six' one
two five zero four eight four. Zero zero tell them
You heard Larry and kim on the radio and you'd
(44:17):
like to come in. And chat larry another, Great Show.
Speaker 2 (44:21):
Thanks kim we'll see you next week and have a.
Blessed week.
Speaker 5 (44:26):
Investment advisory service is Offered Through Guardian WELL. Strategies Llc
Haven financial Group And Guardian WELL strategies llc are not
affiliated companies and investments, involve, risk and unless, otherwise stated are.
Not guaranteed please consult with the qualified financial advisor and
or tax professional before implementing any strategy discussed herein and comments.
Regarding it safe and secure investments and guaranteed income streams
(44:49):
only refer to fixed. Insurance products they do not refer
in any way to securities or investment. Advisory products fixed
insurance and annuity product guarantees are subject to the claims
paying ability of the issuing company
You worked hard for your money, but do you know
how to make it work hard for you. You need
a team with experience, vigilance, and a strategy to help
you live the retirement you deserve. Find your financial safe
haven with Haven Financial Group. Today you're listening to the
new and improved Haven Financial Group Radio Show, where we
bring you comprehensive weekly financial wisdom from the professionals. It's
(00:23):
all about helping you solve retirement problems so you can
make your nest egg last. Your tune to the Haven
Financial Group Radio Show with your host Larry Kolvig and
Kim Karrigan your guides to weekly retirement confidence. If you're
interested in protecting and growing what you have, let us
be your financial safe haven. The fuone nines are always
(00:43):
open at six point two five four eighty four hundred.
Now get your financial questions ready because the Haven Financial
Group Radio Show starts now.
Speaker 2 (00:54):
Good morning, and welcome to the Haven Financial Group Radio Show.
I'm Larry Kolvig, foundered and CEO of the Haven Financial Group.
Thanks for listening this morning. We've got Glenn Ramy on
today on the healthcare piece of retirement, a big expense
that people oftentimes underestimate, So feel free to give us
a call this morning six one two five zero four
(01:16):
eighty four hundred or Havenfinancialgroup dot com. You can see
all the classes again. This week we had some very
well attended classes and upcoming classes that you might want
to attend. Education is power and we're very big believers
at Haven Financial Group that we want people to make
educated decisions and that starts with learning, learning about all
(01:38):
of these different topics. So Kim, good to be with
you once again.
Speaker 3 (01:42):
Thank you, sir. It's great to be with you, and
it's always terrific to have Glenn with us, and we
know that he is going to talk to us a
little bit about insurance costs and retirement. The theme of
our show today is health, happiness and retirement. And you know,
I think that being healthy and having a healthy plan
(02:02):
meets you happy. And then of course there we are
we find ourselves in retirement. Some of the segments that
we're going to talk about, as we mentioned, Glenn's going
to be here to talk a little bit about the
costs of your health. We'll talk about living healthy and
saving money. That coming up in our second segment, adjusting
to retirement. Lifestyle. That's an interesting one, Larry. I always think,
(02:24):
because I think a lot of people are so caught
up in making sure they're ready to retire, they forget
are they actually ready to retire? And that's got nothing
to do with their finances. It's a lifestyle change. And
then finally, how stable finances can make a healthy and
happy retirement. So today we're going to get started with
that healthcare piece. Boy, that's an important one when it
(02:47):
comes to retirement, isn't, Larry.
Speaker 2 (02:49):
It is, and I mentioned underestimated, very much underestimated the
costs associated with it making the right decisions. Just when
you figure healthcare out Medicare, then they change, change the rules,
and they continue to change every year. There's some changes,
and it can be very difficult to navigate, especially for
the elderly. And one could choose to do it by
(03:10):
themselves if they want to, but they don't pay anymore
if they go to an independent and broker that has
a non biased approach, and I mean non biased that
they're not going to try to sell them and lead
them into something just to sell them something. And that's
where we see mistakes made. And again it's good to
have Blenn here because he does have a non biased
(03:30):
approach him and Isabelle in our office, and we're very
blessed and fortunate to be able to help a lot
of people in the healthcare field in making this decisions,
so glad to have him here on this first segment.
Speaker 3 (03:42):
Well, Glenn, let's talk about the fact that, you know,
healthcare costs really are some of the biggest expenses that
we face in retirement.
Speaker 4 (03:49):
Percent and one of the most unplanned for expenses that
we face in retirement. People often forget that it's not
just the monthly premium that we're exposed to, right, it's
the cat our out of pocket limits, the cost of
our medications, or even more so, the cost of care
not covered by our healthcare right, like long term care costs.
(04:10):
They're really i think blindside people and retirement that are
preparing for it.
Speaker 3 (04:14):
So a lot of people, i think just think, well,
I'm going to get to retirement and I'm going to
begin to work through the medicare system and I'm not
going to have to worry about it. And that's not
exactly how it works, is it.
Speaker 4 (04:24):
No, not at all, especially when it comes to our
out of pocket cost right.
Speaker 2 (04:29):
So individuals that.
Speaker 4 (04:29):
Are on Medicare are going to choose between two different
types of Medicare plans, Medicare advantage plans refer to as
part sea of Medicare or Medicare supplement plans, and simple speaking,
advantage plans are going to be less expensive on the
premium side, but you have a higher exposure to out
of pocket limits that if we are prepared for a
chronic healthcare condition to come up, which might mean we're
(04:53):
going to meet those out of pocket limits every year
for the remainder of our life. Right, did we incorporate
that costs into our budget and income planning for retirement?
And I'll say a lot of people aren't. They're only
looking at what is the monthly premium have to pay
and not the exposure to the medical bills I have
to pay. On the subon side, we can be paying
a higher premium and have a lot less out of
(05:14):
pocket on the medical bills, but we're also going to
face annual premium increases. Right, How we incorporate that inflationary
metric to the healthcare premium cost that often outpace normal inflation?
Speaker 3 (05:25):
Sure? Absolutely, let's kind of walk through. I mean, this
is a very complicated subject, and we're just going to
do just a little bit of the cursory info here
and then, folks, if you have questions about this, Glenn
is there in the office, Isabella is there in the office,
and you can call the folks that have been financial group,
set up an appointment and get into more specifics related
(05:49):
to your healthcare and retirement. Six p one two five
zero four eight four zero zero is how you go
about that. It's the abcs of Medicare. So maybe you
could just walk us through the abcs of Medicare.
Speaker 4 (06:02):
Yeah, so a right, the Part A of our Medicare
benefits will start there. Right are the inpatient benefits of Medicare.
Those that pay for our hospitalization, skilled nursing facility for
inpatient rehab, as well as hospice and home health care
fall under Part A of Medicare. And one thing Larry
knows that I mentioned in every Medicare class we talk
(06:22):
about is the fact that Part A, it actually called
a limited benefit health plan that Medicare by itself, without
the advantage or supplement insurance in place, could leave us
responsible for paying the full cost of a hospital stay
if we're God forbid in the hospital for too long,
and right now that cut off would be after one
hundred and fifty days. On one hundred and fifty first day,
(06:43):
Medicare is saying, now we are responsible for one hundred
percent of the hospital stay unless we have that advantage
or supplement plan that's helping pick up that cost for
us in that circumstance.
Speaker 3 (06:52):
Sure, all right, didn't we have B?
Speaker 2 (06:54):
Yes?
Speaker 3 (06:54):
Part B?
Speaker 2 (06:55):
Right?
Speaker 4 (06:55):
Part B our out patient benefits in the simplest terms
I can give. Right, our doctor appointments are testing our
outpatient procedures as well as durable medical equipment and ambulatory
services that fall unto that Part B benefit. And either
we're gonna have exposure under a Medicare advantage plan to
co payments or coinsurances for those services until we meet
(07:16):
that out of pocket limit, or we're gonna have a
something plan that covers those costs for us in that circumstance.
But again with Medicare by itself, like I was highlighting
with Part A, Part A and Part B don't have
out of pocket limits associated with them by themselves. We
need this other insurance, this advantage plan, or this something plan,
I like to say, to fix those problems in Medicare,
(07:37):
and limit our exposure to those medical bills to a
defined dollar amount.
Speaker 3 (07:40):
Absolutely, so that's what fills the gap.
Speaker 4 (07:43):
Yeah, exactly, exactly. So I they call the metagap policies
in some circumstances.
Speaker 3 (07:48):
Sure, and they change. And again this is another really
important reason for people to talk to experts like you, Glenn.
They're different and the costs are different in every state at.
Speaker 4 (07:57):
One percent, and not just that they are a rule change,
like Larry mentioned, So I use one example. This year
was the first year Medicare drug plans Part D that
Part D benefit right had an out of pocket limit
associated to them, where today a drug plan is a
two thousand out of pocket limit associated with it. Prior
to that rule change, there wasn't an out of pocket maximum.
(08:19):
And I'll share an extreme scenario I had with a
client of mine who was dealing with cancer, having to
take an anti cancer medication that retailed at sixteen thousand
per month, and even with insurance, because there was no
out of pocket caps at that time, he was out
of pocket nine thousand per year in medication costs alone,
(08:40):
not counting as premiums, not counting as doctor bills, just
the medication cost RIGHT did we prepare for that cost
when we did our income planning and retirement. I'd say
most people aren't thinking about that, right of course not.
Speaker 3 (08:53):
Yeah, absolutely, So we've talked about the ABCS, and again
there's lots more details associated with that. But let's talk
about deadlines. There's a lot of deadlines and there's a
lot of dates that you need to address when it
comes to medicare.
Speaker 4 (09:08):
Yeah, I'll cover three for a million important ones.
Speaker 2 (09:10):
Right.
Speaker 4 (09:10):
The first one is going to be called our initial
enrollment period. Right, this is us turning sixty five, and
Medicare is starting on the birth month that we turned
sixty five. In the first that month would be that
earliest starting date, with one exception, if we're born on
the first of the month, they'll let us start a
month early. For the rest of us, it'll be that
birth month, and Medicare is going to give us a
seven month enrollment period three months before that month and
(09:32):
three months after to all around Medicare and order without
fearing that we're going to be late or pay penalties.
So there's the first one. The second one is going
to be a special enrollment period for those that might
delay Medicare. Right, we might still work past sixty five
and have great healthcare from our job, and if our
benefits are credible for Medicare, we're allowed to delay our
Medicare if we want to to maintain on those employer
(09:54):
policies past age sixty five and not take Medicare. Maybe
we want to continue fund how saving accounts while we're
working right, and again we'd be able to do that
if we didn't have that Medicare component in place. But
when we leave that employer, we're given a special enrollment
period sixty three days to get a prescription drug plan
in place after our benefits stop in eight months to
(10:15):
get all everything else of Medicare in order without being
late or paying penalties. And then the last one that's
really important to know about is the annual enrollment period,
the review time for those already on Medicare October fifteenth
to December seventh, that opportunity to shop our Medicare plans.
And this is where I'd say many people are missing
opportunities for savings and shopping their Medicare plans based on
(10:39):
their changes to their medications and changes to their medication plans.
The average savings that's being missed out on a seven
hundred dollars a year in savings by people not shopping
out those Medicare plans at the end of the year
that October fifteenth to December seventh window.
Speaker 3 (10:57):
Well, I think we get comfortable, it gets easy, and
that's a lot of work we're able to have to do.
So absolutely, we're jumping around just a bit because of
time purposes, long term care. I know you have some
stats about that, and again, these are all issues that
can be taken up with our friends there at Haven
Financial Group. Folks, we're just jumping around a little bit
(11:19):
to just give you a sense of some of the
things that you need to be aware of. So talking
about long term care, yeah.
Speaker 4 (11:25):
So they would project that in our retirement years we
should be expecting close to three hundred thousand now in
health care cost that are not covered by our health
insurance plans. And this is a lot of that long
term care stuff, right, the home healthcare, the assisted living facilities,
and the nursing homes. Right, And yeah, I've got some statistics.
Seventy percent of us will need some help before we
(11:46):
pass away, fifty percent of us will spend time in
the nursing home, and the average is just about three years. Right,
Are we preparing for what today in our state is
a ten thousand median cost per month to be in
a nursing home facility? Right, one hundred and twenty thousand
a year with the average stay of three years, three
hundred and sixty thousand in cost. Have we built that
(12:08):
into our retirement plan? We're planning and if not, that's
where that risk and liability comes into play.
Speaker 3 (12:14):
Okay, So Larry again, folks can call, make appointments and
get a whole lot more information from you guys. They
can even attend some of these wonderful educational seminars.
Speaker 2 (12:25):
Yeah, we teach, Glenn mainly teaches Medicare made Simple classes.
Go to our website see when those dates are. I'd
be remissing this healthcare segment to say we didn't cover
hssa's where I know we're up against the clock, but
hssay's health savings accounts so important. Utilize them. They're powerful
and if you're not contributing and not maxing that out,
(12:45):
you're going to really wish you did. Glenn mentioned long
term care. None of us like to talk about it,
so most people don't talk about it. And then they
find themselves like Michael who recently one of my clients
checked his wife Kathleen, and and he comes in and
he goes he had an invoice for fifteen thousand dollars
for the first month. They hadn't talked about it, they
(13:07):
hadn't prepared for it. Unfortunately, we lost Kathleen in a
very short amount of time. But that's part of the
spend down process. It can decimate harder and work that
we've done and the moneies that we've worked all our life.
If you haven't at least entertained or been educated on
what long term care options are out there, you owe
(13:28):
it to yourself. Sit down with Glenna, Isabella and have
the conversation. Have it at least with somebody, and we'd
be honored to be one of those folks to be
able to sit down with you.
Speaker 3 (13:38):
Six one two five zero four eight four zero zero.
That's how you set up your appointment. Go in and
meet with the folks at Haven Financial Group. Glenn Rami,
thank you, thank you so much. You're always so informative.
Really appreciate it. Or with you guys, oh well, we
appreciate you being here. When we come back, we're going
to talk about living healthy and saving money. This is
the Haven Financial Group Radio Show.
Speaker 1 (14:00):
Don't go too far. We're gathering more important insights and
retirement pays govinment the Haven Financial Group Radio Show. We'll
be right back. Stick around. You've got questions, We've got answers.
Your tune to the Haven Financial Group Radio Show with
your host Larry Kulvig and Kim Karagan. No back to
(14:21):
the show.
Speaker 2 (14:22):
Good morning once again, and thanks for listening to the
Haven Financial Group Radio Show. Feel free to give us
a call six one two five zero four eighty four
hundred or Havenfinancialgroup dot com. There's all kinds of retirement
tools on there. Kim our classes again that are coming up,
So again, feel free to reach out to us with questions, worries,
(14:42):
concerns of something that we said today rings a bell.
We'd love to sit down and visit more with you.
Living healthy and saving money all those seems like really simple,
doesn't it.
Speaker 3 (14:55):
It does, but sometimes it can be difficult. And Larry,
I know that you're not in the business of telling
people how to live their lives, but I'm sure that
you talk to some of your clients about these issues
because they do lead directly to saving money and then
you know, ultimately helping with those portfolios and moving forward
(15:16):
the way people want to in their retirement. An ounce
of prevention, right, it's worth a whole lot.
Speaker 2 (15:21):
Yeah, I mean with medical advancements and doctoring and all
the things we have at our fingertips today. You know,
it's different than maybe if you're listening your parents or
your grandparents who refused to go to the doctor. They
didn't want to go to the doctor. There wasn't the
options that we have today, and we have them at
our fingertips. Preventive care, you know, can produce the long
term care costs. You know, other health issues that may
(15:42):
come up, so you know, the regular checkups, the screenings,
the immunizations, all of those things are important. Now, well,
we're going to talk about this segment. Can be different
for different people. You know, we have been very fortunate
to have a lot of nurses as clients here at
Haven Financial Group and doctors at all kinds. I feel
like I'm well taken care of because I get all
(16:03):
this professional nursing advice and I don't have to pay
for it. In fact, I get to help them. So
hollistic approaches, the exercise approach. You know, take this, take that,
and you know it's fantastic. Or you know the physical activity,
you know, working out. I know, pickleball, it comes to mind, right,
but because I have all kinds of clients that are
(16:25):
playing pickleball and it's getting them out, and it's getting
getting them some exercise, and we know that helps.
Speaker 3 (16:29):
And you know, just a good walk, right, a good walk.
Speaker 2 (16:33):
You know. Sleep, you know, I don't know some people
don't require sleep that I require. I need my seven
to eight hours, my dad, maybe the president, others three
to four hours, and they're good to go, my goodness sake,
most people require more and sleep is a big part,
and a deprivation of that, you know, really can cause problems.
Speaker 3 (16:52):
You know.
Speaker 2 (16:53):
Weight management, you know, I think it's probably more discussion
now than ever than with various things that are out
there watching that. You know, even in my own personal life,
you know, dropping quite a few pounds has helped dramatically.
You know, as I'm now fifty five, I can't eat
a pizza at nine o'clock at night and expect to
you know, be just fine if you will. So, you know,
(17:16):
drinking lots of water, you know, you hear it all
the time. But hydration extremely important. You know, we live
here in Minnesota where the winters are extremely dry, and
again just drinking enough water. There's so many different things,
but all of these are extremely important.
Speaker 3 (17:33):
Absolutely, And of course good health makes you feel better
in retirement. I mean, you know, we could we want
to be in sunshine, and we want to be in
good health, and we can have all the money in
the world, but without good health, it's all sort of lost.
Quitting smoking has to be one of them that is
just so important. It's such an expensive habit that people have,
(17:53):
number one, just the smoking, but then the repercussions of that.
And we were just talking about healthcare and the cost
of health care and the drugs, and you know, these
are all things that none of us want to plan
for in our retirement because we want to think that
it's going to be all be about vacationing and visiting
grandkids and having experiences. But these health issues can turn
(18:16):
what you know, we think are going to be good
experiences into bad ones.
Speaker 2 (18:19):
Well, for sure, you know you said quitting smoking. I
was at the local BP headed to the office here
just this past week, and in front of me the
person was buying packets of cigarettes. I mean, it's personal
choice if that's what they want to do. And when
the cleric said how much it was, I'm like, I
had no idea cigarettes were that expensive or tobacco. I'm like, whoa,
(18:41):
I'm talking about a retirement budget. That will go right
into a retirement budget really quick. I was shocked. Another
one that really come hits home now because my wife
Chelle and I we lost our local, our family Jeweler
for we've known for forty fifty years, second generation Saint
Paul Jeweler. Mental health is real. Unfortunately we lost him
(19:05):
at the mere age of fifty two, just recently and lovable, likable,
everybody liked him. But mental health really attacked him the
last month and unfortunately it cost him his life. And
you know, don't let it go unnoticed, you know, especially
as you retired, depression, anxiety, you know, finding, you know,
(19:26):
you know your niche and retirement. Don't let these things
go unnoticed. You know, check in with checking with family members,
check in with your you know, your doctors or whoever
you need to check in with. Just make sure that
that doesn't go unnoticed. So you know, all of these
things can lead to a lot more comfortable retirement years,
(19:47):
the golden years. And just doing some of these, or
just at least attempting to create a discipline might surprise
yourself and it might lower your budget, and you might
find something you really like to do that you had
no idea.
Speaker 3 (20:01):
Absolutely.
Speaker 1 (20:02):
Er.
Speaker 3 (20:02):
Do you know, have you come across any services or
insurance plan certainly insurance plans those kinds of things that
are cheaper as a result of good health.
Speaker 2 (20:13):
Oh, absolutely, Just the premiums and the rates that your
life insurance. You know, we do a lot of do
a lot of life insurance reviews and get just qualifying
for life insurance, qualifying for long term care. You know,
if you're listening and maybe well I could never qualify,
I could never qualify, you might be surprised. You know,
insurance companies, they all differ very dramatically, and a lot
(20:37):
of times long term care, I won't qualify it because
I have this or I have this. Glenn, he helps
a lot of people that second guests the ability to
get any of this. So give it a second look
if you haven't looked at it in some time. But
all of these things you and I have talked about
these segments will lend itself to lower costs, lower premiums,
(20:58):
getting approved rather than not getting approved, and all that
might You might, you know, leverage your position to be
able to handle these costs and expenses in retirement. It
could go a long way.
Speaker 3 (21:10):
Absolutely. So again we're talking about health and happiness in retirement. Today,
we've talked about insurance. We're now talking about living a
healthy lifestyle and the kind of dollars that that can
save you in retirement. If we're talking about anything striking
a chord with you, the folks that have in Financial
Group would love to sit down with you and talk
about your portfolio and talk about a planner or put
(21:31):
a portfolio together for you. If you don't have one,
that number is six one two five zero four eight
four zero zero. You give them a call, tell them
you heard us here on the radio and that you'd
like to set up an appointment. It's free. You come in,
you sit down, you meet with some of the experts there,
some of the financial planners, talk about you know what
your goals are and make a determination as to whether
(21:54):
Haven Financial Group is the right fit for you, and
vice versa. They also have a number of Haven Financial
Group educational seminars that are free to anyone. You don't
have to be a client. You can go to Havenfinancialgroup
dot com if you'd like to learn more about healthcare,
maybe you'd like to learn about social Securitynfinancialgroup dot com.
(22:16):
Take a look at what's being offered and where they
do ask that you sign up so they have a
sense of how many people may be attending. All right,
when we come back, we're going to talk about adjusting
to retirement lifestyle. I think everybody thinks I can't wait
to get there. I can't wait to get there, and
then what happens when you do get there and that
busy lifestyle maybe slows down dramatically. A lot of people
(22:39):
don't think that through. That may not be for you,
or maybe not for you right now. So we're going
to talk a little bit about that right here on
the Haven Financial Group Radio Show.
Speaker 1 (22:51):
Ready to find your financial safe Haven. Your dream retirement
is in reach. Don't go away. The Haven Financial Group
Radio Show will be right back. Are you worried that
your financial strategy might be missing something, Well, you're in
the right place. Larry Colvig is back and ready to
help you find your financial Safe Haven.
Speaker 2 (23:12):
Good morning, and welcome back to the Haven Financial Group
Radio show. I'm Larry Kulvig, founder and CEO of the
Haven Financial Group, celebrating ten years this summer. Ten years, Kim,
it's been a great ten years. I just can't believe
it's been ten years where we've been able to help
many retirees, many of folks listing many people that have
(23:34):
retired are looking to retire in a variety of these
retirement areas. And you know, every week we talk about
the retirement puzzle pieces, you know, just as today we're
talking about healthcare, long term care, a state planning, wealth management, investments,
insurance annuities and all these various retirement topics which can
(23:54):
seem very very overwhelming. Yet at Haven, we try to
simplify this process, take people through a process, and we
really want them to understand that we're really a partner
in this process they're to lean on when the stock
market is rolling all over the place. Although we had
a couple of really good days this past week, if
any everybody's noticed, we want to be a partner and
(24:16):
give people the attention in all these areas that many
people are not getting today. They're paying a lot and
getting very little attention, and I find that to be
catastrophic and you should deserve more for what you're paying.
And if that's you, come on in and visit with us.
Speaker 3 (24:34):
Well, I think you know, today's topic show topic in
and of itself just sort of proofs that the folks
there at Haven Financial Group care about more than just
your financial wellbeing. They want your entire retirement to be
healthy and happy. And certainly that means being financially stable,
and in fact, we're going to talk about that in
(24:56):
our last segment, but it also means, you know, living
a life, a healthy life, the life that you have
worked so hard all of your life to put together.
So we did want to talk a little bit and
I Larry, I'm sure that you have a lot of
people who come in and say, Larry, it's been six
months now and I've retired and this isn't exactly what
(25:19):
I thought it was going to be. And that's less
about the money and more about the lifestyle itself.
Speaker 2 (25:24):
Oh it's so true. I mean, it is a transition,
it's another chapter of your life. You know, you worked
all these years to get to where you're at, and
you turn the chat it is a new chapter and
finding your identity. You know, all those years you went
to work, if you're married, your husband went to work
or your spouse went to work, and you went different directions.
You saw each other on the weekend, and that in itself,
(25:46):
for couples is a major transition. It's a reason why others,
and not just myself and haven we recommend maybe you know,
maybe retiring at least thirty days difference, just because of that.
The comments over the years that when a couple retires
at the same time, honey, I've seen more of you
in the last week than I saw you in the
(26:06):
last six months, which can be very, very fulfilling and
great and also maybe a little challenging. Now one may
be dictating over the other what your schedule looks like,
and you haven't had anybody do that because you've gone
to work and all your friends and your social aspects
have been at work. And now what now? How do
(26:26):
you fill that time? Now? How do you find your
sense of purpose which leads itself to do you have
any hobbies? I'll tell you in Minnesota that people that
find themselves retiring and making the decision to retire in
the fall oftentimes wish they would have waited till the spring,
because the fall and the cold and the snow comes
and now what you're cooped up inside you don't know
(26:48):
what to do, whereas the springtime you have an adjustment period.
So numerous things that we've ran into over the course
of the last many many years that I've been doing this.
Speaker 3 (26:58):
What about a part time job and how does that
affect your retirement?
Speaker 2 (27:03):
Yeah, nobody said you could get a part time job.
I mean I think of numerous clients that are you know,
rangering at the golf course, or the starter at the
golf course, or they're mowing grass and they're getting golf
perks because of the work they're doing. Or you know,
I just had a relf and prior lake he retired
from hazelteen and I saw him at church and you know,
(27:23):
he's retired, but he got a job over the road
delivering trucks and he's enjoying it. Is he really enjoying it?
So there's nothing that says you can't now. It's better
that it's an option rather than you have to go
back to work, which is why we stress every week
of having a plan, a financial plan, a retirement plan. Now,
I do want to say, if you are before full
(27:46):
retirement age and you are collecting Social Security, you want
to make sure that you're mapping out the right plan
so that you're not going over the income thresholds and
other particular things that may be affected by your income
that you maybe generate, which is a good thing. You
just want to make sure you're doing it in the
right way. So again I mentioned the last segment pick
(28:06):
a ball. We have a lot of clients that want
to give back. You know, they work at the nursing
home or at the front desk at the hospital, at
the clinic, so you know, volunteering what a great way
to do it. Or maybe continuing education. You know, education
keeps the mind sharp and you know, you know, just
continuing to learn. And you know, I think of another gentleman,
(28:28):
because unfortunately, the many years as I do this, the
more we lose clients. Lost a very good friend, client
and friend who worked for three a m. He passed
at ninety eight. We were at his memorial here last
week and he did sudoku and those all those word
puzzles and he was doing it right up to the
end and his mind was still sharp, So you know,
(28:50):
it's interesting to see all the various things that you
can do. What I do know is there's a comedy
nominator for clients that we've seen and I've seen over
the years that don't or they don't adjust well, they
don't have any real hobbies. Then they sit on the
couch and the recliner, and that does not bode well
for long term, long term for their life, and I've
(29:15):
seen it too many times. So those that are active,
those that are social, those that maintain those you know,
the routine checkups and and you know, those that are
financially sound, that have a plan. Let's face it, planning
can create a lot, you know, a lot less stress,
(29:35):
and it shows and the people that have the ability
that have a plan and financially have been disciplined that
now they're able to travel, they're able to do the
things they want to do, because let's face it, it
takes money to be able to do these things or
whatever you like to do. Being able to spend quality
time with your kids and your family and your friends,
that's the balance that retirees continue to look for. For
(29:58):
some it comes easy, for some, it comes very difficult.
I remember a flight attendant that we lost to COVID.
Just the sweetest, sweetest lady. I still can't believe she's gone.
And yeah, COVID took her very early, but she was
a flight attendant for forty one years. She took the
early package when COVID hit. And I saw her like
(30:20):
six months after retiring, and she came in and I said,
how do you like retirement? She goes, I hate it.
I wouldn't have taken I wouldn't have retired hadn't they
offered this plan. Unfortunately, she didn't get to stay retired
long because COVID took her. But again, some people adjust,
other people don't adjust. So just know, have a plan,
(30:41):
stick to the plan, have somebody accountable, and have a partner,
you know, whether it's us or somebody that's really doing
a good job, to be able to ask questions, to
lean on. Because, let's face it, when you put together
a retirement plan, a financial plan, all these things and
you and I talk about weekly, it's not about just
setting it in stone and leaving it, never talking about
it or touching it again. It's having continued conversations to
(31:05):
give you the confidence to know we're in good shape,
or we're not in good shape, and how do we
get in good shape? And I say shape, I could
be talking physically, I could talk and financially emotionally, you know,
emotions plays a big part of health and just knowing
that you're in a good spot or you've made the
(31:25):
rep proper adjustments. But if you're not having these conversations
and don't have a partner, I'm guessing you're not getting
that attention that you deserve.
Speaker 3 (31:33):
Absolutely, let me give everyone the number at six one
two five zero four eighty four hundred. Six one two
five zero four eighty four hundred. That's how you set
up an appointment with the folks that Haven financial group. Larry.
I would imagine too that some people you talk about,
you know, readjusting, readjusting. Yes, sometimes we have to readjust
because our investments need to be in a different place,
(31:55):
or maybe you know, things happen in life and you
have But I woant to mention some people come in
and say, Larry, I want to readjust because this isn't
the lifestyle I'm looking for. And we're going to maybe
sell this house and we're going to move, or we're
going to downsize or We're gonna just do some different
things because this isn't exactly fulfilling enough for us.
Speaker 2 (32:17):
Oh yeah, we see this all the time. You know,
your kids live in a different area, the grandkids are there.
It's not always you know that a lot of times
people move, retirees move to get closer to the family.
That could require selling a house, buying a new house.
We get those, you know, do I take out a mortgage,
do I use the equity? Where do I draw the
money from? These are ongoing conversations for sure, or maybe
(32:39):
those knees aren't as good anymore. And you've got a
two level house and sure now you want to go
to a slab or one level living. And there's all
kinds of these conversations that we have, and we want
to have them to make sure that our clients are
making the right decisions or they're making an educated decision,
that they're throwing ideas off of us because we've seen
(33:00):
these things happened before and they've not seen them happen before.
And you know, chalk your chalk a lot up to experience,
and we have that here at Haven Financial Group again
because many of us on the staff have many, many,
many years of experience in this field of planning for
those retirement years, making the adjustments, and people always think money. Yes,
(33:23):
we manage wealth with Charles Schwab and Fidelity and we've
had kyleon and Greg and all the team. But it's
much more in retirement than just money. That's just a
piece of the puzzle.
Speaker 3 (33:35):
You bet six one two five zero four eight four
zero zero. When we come back, we do want to
talk about those stable finances and of course what they
mean for a happy and healthy retirement. This is the
Haven Financial Group Radio Show.
Speaker 1 (33:50):
Don't go too far. We're gathering more important insights and
retirement paice government the Haven Financial Group Radio Show. We'll
be right back. Stick around, you've got questions, We've got answers.
Your tune to the Haven Financial Group Radio Show with
your host Larry Kolvig and Kim Karrigan. Now back to
(34:11):
the show.
Speaker 2 (34:12):
Good morning once again, and welcome to the Haven Financial
Group Radio Show. I'm Larry Koalvig, founder and CEO of
the Haven Financier Group, talking about retirements, about all the
different things to make those adjustments, and of course it
does take stable finances, Kim, to get that happy, healthy
retirement that we're looking for, and that doesn't come by itself.
(34:34):
It takes a discipline.
Speaker 3 (34:35):
Yeah, absolutely. You know, when we're working, you know, we
have bad, bad times or downtimes. Maybe it's frustrating, but
we can sort of make that up. But when you
start to get into those retirement years and things start
to fall off that stable wagon, that gets very scary.
Speaker 2 (34:54):
It does, and we want to calm that fear. You know,
this is our wheelhouse. These are all things that we
do at Haven Financial Group. You know, guaranteed income. You know,
when you're working, you have that paycheck. I've said it before,
I've asked the question, what's the hardest thing in retirement?
And it's not getting it guaranteed paycheck anymore from your work?
(35:14):
And how do you create that income? You know, we
want to look at social security. We teach classes on it.
Do you have a pension? Very few do nowadays. You know,
how do you generate your own income? Where's it going
to come from? If you don't have enough? How do
you do it in the most tax efficient way possible?
You know, is an annuity a good way to guarantee
(35:36):
lifetime income? For some it is, others it's not necessary.
With that said, you know this upcoming week you can
go to our website. We teach a class this month.
I think on the fourteenth and the twentieth of May,
we teach the Truth about Annuities. I teach the Truth
about Annuities class. I don't know anybody else teaching it.
(35:58):
It's just given the facts about you know how they work,
so you can make good decisions on it. Does it
fit into your portfolio or does it not? Income is
the name of the game, you know. I always talk
about emergency funds, liquidity. Do you have enough liquid most
retirees and do most people don't? You know? Do you
(36:18):
have fifty two hundred grand in the bank or do
you have five to ten thousand? How much risk and
do you have in your portfolio? I'm going to say
many people have very little liquid and everything at risk
in the stock market. Not a good recipe to go
into retirement. It takes more balance, It takes more rebalancing
and balancing and diversification, all the things that you might
(36:38):
have heard before. But are you executing that? The people
you're working with are they executing it? Are you taking
social security at the right time, or are you leaving
a lot on the table. If you're a married couple,
it should be a we decision, not a meat decision.
So these are all the topics that we talk about
as we take people through our Haven proprietary process of
(37:01):
getting to know you, you getting to know us. This is
all part of the discussion.
Speaker 3 (37:06):
Absolutely, and then of course healthcare planning because that can
come up quicker than any other issues. Obviously.
Speaker 2 (37:12):
Yes, this past week, one of our newer clients that
we were referred to, she talked with us, and you
know what, she had done a much better job than
she thought. She's like, I'm ready to retire, can I?
And we said, absolutely you can. She put her notice
in the next day. Well, she'd had to come in
and talk with Glenn about medicare and healthcare right away
(37:33):
because that needs to be lined up ahead of time,
and they looked at all the options she brought her
for when kay rollover check already in, she had to
discuss it with Glenn. She's already signed up. She has
a smile on her face, and she's retired. And to
her credit, she did a good job of being disciplined
and doing it on her own. But she goes I
(37:54):
don't want to do it on my own anymore. Now
that I'm retired, I need help. And she was open
and honest she ask for help, and that in itself
goes a long way. So again there's a lot that
goes into it, but stable finances, a plan and income stream,
finding your purpose. This all leads itself to financial freedom,
(38:16):
to confidence, confidence calms the fear and the anxiety, all
those things that can decimate the comfort of the golden years.
And again, it's all the things that we do when
we're not patting ourselves on the back. It's what we
enjoy doing, and it's really what a retirement advisory firm
should be doing.
Speaker 3 (38:34):
Right And you know, in the end, a good financial
plan builds in freedom, and freedom makes you healthier and
makes you happier in your retirement years, which has really
been the whole idea of this show today, Larry, And
that just to me feels like that is so important.
If you are financially stable, then you can focus on
(38:57):
mental health, and you can focus on you know, having
a purpose, you can take care of everything else that
comes along with it.
Speaker 2 (39:05):
It's so true. So all these retirement puzzle pieces, if
you're listening and you're not getting the conversation. The tax
planning if you don't like the results of your tax
preparation this past year. The healthcare, the medicare, the long
term care, you know, all these things we don't like
to talk about. The estate planning, the trust, the will.
(39:27):
You know, planning for your devise. Not exciting, not fun,
but important, especially for those listening that want to be
want legacy in their future to their kids, grandkids, whether
it's charities, investment, portfolios and well and the balancing and
rebalancing and volatile times, all of these putting all these
pieces together. And guess what, this isn't the same for everybody.
(39:49):
It's not a one glove fits all thing. Some need income,
some don't, some need flexibility, some don't need as much,
some have more than others, small, medium or large. Whether
you're situation is complex or simple. So many times people
bury it ahead in the sand, and I don't have
enough to worry about. I don't want to waste your time.
That is the wrong solution. You owe it to you,
(40:12):
your spouse, if you're married, your family, your kids, or whoever,
whoever is important to you, to make sure that you're
looking within at your own situation, you know, leaving your
spouse in the best situation when you're if you're not here.
All of these are things that are important, So feel
free to give us a call. Six' one two five
four eighty four hundred come to our, classes visit. Us
(40:35):
we have a laid back approach. This we do not
have a sales approach here do we help a lot of.
People we're very fortunate. Too we just had our Annual shredd,
event our clients shread event at our office every year
after shred after a tax. Season we have the veteran shredding.
Truck we might have clients come. In we had fourteen
thousand pounds of paper in one. Afternoon. Kim we actually
(41:00):
We carboni's next to us here In burnsville did a great.
Job we took over the whole restaurant for the almost
the whole. Day our clients had, fun they brought, friends
we played, music. Bingo they just had a. Blast and you,
know a lot of this stuff can be that we
do and that we talk about even on the, show
can be, stressful and we like to have fun with.
(41:21):
It and our clients know, it and they love to
come to our events and if you want to be
part of that community as we call it At Haven
online and go to our Safe haven. Community that's what
we tried to, create a, haven and we're very blessed
to be here ten years and we'd like to help
you as.
Speaker 3 (41:37):
Well, Absolutely and you, KNOW i know that we say this,
frequently but it's worth. Repeating getting started sooner rather than
later is. Better but you have to just get.
Speaker 2 (41:49):
STARTED a failure to plan is a plan to. Fail
so get started, now even if you're even if you're already,
retired even if you're five years or ten, years or
if maybe you're younger and listening twenty, Years it doesn't
matter whatever, age whatever age you, are whatever your situation, is,
kids no, kids, family no. Family, again it's your unique
(42:09):
situation and it deserves the same type of.
Speaker 3 (42:12):
Conversation six one two five zero four eight four zero.
Zero give them a, call tell them that you heard
us here on the. Radio you'd like to come, in
set up an appointment and talk with the experts there
at even financial. Group we do want to remind everybody
one more time Today larry about those educational seminars we mentioned.
Them you, know we stick that in here and there,
(42:34):
boy they really are, important AND i am amazed you
say time and time again that they are absolutely, packed
so many people interested in being educated about these very important.
Subjects they're very well.
Speaker 2 (42:47):
Attended we teach them in community education. Settings we teach
them at local, libraries, Colleges Dakota County tech we have coming.
Up i've talked many classes there other colleges over the.
Years medical medicare made simple investment, classes The truth About,
annuities which we're having this month to two different, sessions
(43:08):
and other classes throughout the course of the. Year, Wills
trusts and legacy planning with our estate planning attorney, Partners
Anna carrie And Keith so again very well. Attended we
encourage our own clients to continue to come out because
things are ever. Changing new people to come. In they'll
have the option to come in and visit with. Us
(43:30):
we'll walk them through the same. Approach it'll be. Comfortable
you know a lot of, times you know people couples
come in and they pinky promised down the way here
that they're not going to do. Anything we don't want
you to do. Anything we don't even know if you're
gonna like us or we're gonna like you for that.
Matter of, course, again we want to laid back. Approach
we want people to be comfortable to not have their
(43:52):
guard up just because somebody's going to try to sell
them something that is the opposite approach that we.
Speaker 3 (43:57):
Have so, again it's Even financialgroup dot. Com that's where
you can learn about these educational. Seminars be sure you
go check it. OUT i bet there's a subject that
you'd like to know more. About and if you'd like
to set up an, appointment you can call six' one
two five zero four eight four. Zero zero tell them
You heard Larry and kim on the radio and you'd
(44:17):
like to come in. And chat larry another, Great Show.
Speaker 2 (44:21):
Thanks kim we'll see you next week and have a.
Blessed week.
Speaker 5 (44:26):
Investment advisory service is Offered Through Guardian WELL. Strategies Llc
Haven financial Group And Guardian WELL strategies llc are not
affiliated companies and investments, involve, risk and unless, otherwise stated are.
Not guaranteed please consult with the qualified financial advisor and
or tax professional before implementing any strategy discussed herein and comments.
Regarding it safe and secure investments and guaranteed income streams
(44:49):
only refer to fixed. Insurance products they do not refer
in any way to securities or investment. Advisory products fixed
insurance and annuity product guarantees are subject to the claims
paying ability of the issuing company
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