March 10, 2025 • 43 mins
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Speaker 1 (00:03):
We're just trying to turn a neckel into a dime.
That's the bottom line.
Speaker 2 (00:15):
Welcome to real honest talk about money, politics, news and information.
Speaker 3 (00:21):
You can actually use Bugle up and hold on tight.
Speaker 4 (00:25):
This is that's the bottom line.
Speaker 3 (00:31):
The best thing that life up free. But you can
give them to the bath and be the.
Speaker 5 (00:48):
Good Good morning everybody. This is that's the bottom line.
Your weekly radio broadcast that tells it like it is
on news talk radio Am five sixty KLBI. We air
at six in the morning on Saturdays and Sunday mornings
at eleven. We also welcome those of you tuning in
on the iHeartRadio podcast or through our website at savemyretirement
(01:14):
dot com. You can catch us toll free at eight
six six seven two eight thirty six ninety seven, or
call locally at four zero nine eight four h sixty
nine hundred. My name is Jeff Lewis your guest host today.
I'm an invest in advisor representative at Asset Growth Associates.
(01:34):
We have offices located in Dallas and right here in Beaumont, Texas.
We offer investment, pension and retirement planning services, as well
as personal and corporate income tax preparation. We also assist
people with their medical insurance options as they transition onto Medicare.
In short, we do it all here at Asset Growth Associates.
(01:55):
We've been servicing our clients in Texas and Louisiana for
several decades now, including representing our clients who may be
having difficulty with the irs. We're often able to negotiate
a tax settlement or possibly to help you end up
owing nothing at all, giving you a financial fresh start
in your relationship with the federal government. Wow, what a
(02:18):
week it's been. There's so much to cover, but obviously
the dominant story of the week is President Trump's address
to the Joint Session of Congress. Today, We're going to
do something a little different than we've done in the
past on this show. We'll break down some of the
key moments clip by clip of Tuesday night speech and
talk about what we've learned. Later on, in our solutions segment,
(02:41):
we'll review some ways in which you can protect your
wealth while still potentially earning market level rates of return.
Speaker 6 (02:48):
But first.
Speaker 7 (02:50):
Ever recorded a forty one point job.
Speaker 8 (03:00):
Members are directed to uphold and maintain the quorum in
the House and to cease any further disruptions that you're
warning members are engaging in wilful and continuing breach of
the quorum, and the Chair is prepared to direct the
Sergeant at Arms to restore order to the joint session.
(03:44):
Mister Green, take your seat. Take your seat, sir, take
your seat. Finding that members continue to engage in wilful
and concerted disruption or proper decorum, the Chair now directs
the Sergeant at Arms to restore.
Speaker 3 (04:03):
Remove this gentleman from the chamber.
Speaker 5 (04:12):
So the sound you just heard is that of the
Honorable Al Green being forcibly removed from the House Chamber
for a repeatedly interrupting to President's speech. The Speaker of
the House, Mike Johnson, passed his own version of a
Green New Deal by having the Sergeant of Arms escort
mister Green out of the building. Al Green, the representative
(04:35):
from the ninth District of Texas, which is composed of
parts of southwest Houston between Sugarland and Pearland, now faces
censure for his actions Tuesday night, which in later statements
he seemed to embrace as part of a larger resistance
movement against the President. Green has been the center of
scandal before when back in two thousand and eight, he
(04:57):
was accused of sexual assault by a former staffer named
to Send to Daniels. While Green, who was sixty one
years old at the time, admitted to a quote romantic encounter,
Dangels would retract their allegation a decade later. Meanwhile, al
Green has been preparing articles of an impeachment against the president.
(05:18):
Who knows, maybe a third time's the charm. So anyway,
as it turns out, while the Democrats were holding their
sit in protest on the floor of the House, President
Trump dared interrupt it with a speech to the American people,
a pretty good one, as it turned out, depending on
if he trusts CNN or CBS. More, the two news
(05:40):
organizations had anywhere from sixty nine to seventy four percent
of viewers approving of the speech, which, if you factor
in their usual pulling error, that probably means it's closer
to about eighty percent. The President started off with the
victory lap of sorts, focusing on his success when solving
the border crisis, isn't it I mean, after all, we
(06:02):
were told for years that we couldn't actually stop illegal immigration.
I mean, wouldn't that take what was it again, legislation.
Speaker 7 (06:12):
The media and our friends in the Democrat Party kept
saying we needed new legislation, We must have legislation to
secure the border. But it turned out that all we
really needed was a new president.
Speaker 5 (06:35):
Oh yeah, Perhaps the problem is that we needed a
president that spends more time working at his desk than
drooling on it. After all, Donald Trump has gotten more
done in six weeks than most presidents get done in
eight years. His approval rating is the highest it's ever been.
He's got record support among Republicans, among independents, even among
(06:57):
Latinos and African Americans. You'd think that, just maybe there
would be something he could say to make Democrats happy.
Speaker 7 (07:06):
Right, And once again, I look at the Democrats in
front of me, and I realize there is absolutely nothing
I can say to make them happy, or to make
them stand or smile or applaud Nothing I can do.
I could find a cure to the most devastating disease,
a disease that would wipe out entire nations, or announce
(07:30):
the answers to the greatest economy and history, or the
stoppage of crime to the lowest levels ever recorded. And
these people sitting right here, will not clap, will not stand,
and certainly will not cheer for these astronomical achievements. They
won't do it no matter what. Five five times I've
(07:51):
been up here. It's very sad and it just shouldn't
be this way.
Speaker 5 (07:57):
It shouldn't be this way from him, the guy who's
made his career by breaking every political norm in the book.
Speaker 6 (08:06):
I mean, no wonder Democrats are upset now.
Speaker 5 (08:09):
Surely from here the Democrats will spend the next hour
and a half proving the President right. The Republicans going
to have scripted this better. Scott Jennings had this to
say on CNN after the Democratic response or lack thereof.
Speaker 9 (08:23):
Yeah, I mean, look, I'm sure she's a very nice person.
None of this will be remembered because this was a
horrific night for the opposition party, regardless of how well
she just spoke. It started out with Al Green getting
thrown off the house floor because he couldn't keep his
emotions under control. Then they had the ridiculous paddles, which
now social media is roasting you said, false on one side, ridiculous.
(08:47):
And then finally, finally, and maybe most terribly, the Democrats
who couldn't find it in their heart to stand for
objectively good things, including the ninety five year old mother
and mark of Mark fogel And who got rescued from
a Russian prison. And they couldn't even stand up for that.
I thought Democrats came into this speech lost and defeated
(09:09):
by Donald Trump, and today it looks to me like
they're even more lost and even more defeated to win.
Speaker 5 (09:13):
This speech started lost and defeated. That's the Democratic Party
these days. Maybe they'll find a better use of those
paddles going forward. We'll be right back following these messages.
I'm Jeff Lewis, and you're listening to That's the bottom
line on news talk radio AM five sixty kl v I.
Speaker 1 (09:34):
We're just trying to turn a nickel into a dime,
that's the bottom line.
Speaker 10 (09:42):
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Speaker 11 (12:02):
Bet If you owe the i R S five thousand
dollars or more, don't call an unknown eight hundred number.
Instead personally meet with us to review your IRS problem.
And if you want to pay the i R S
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Speaker 1 (12:38):
We're just trying to turn a nickel into what die.
That's the bottom line.
Speaker 3 (12:48):
We will move down from them. They will move and
you can't even.
Speaker 5 (13:14):
We're back with That's the bottom line here on news
talk radio AM five sixty klv I and on iHeartRadio again,
I'm Jeff Lewis. Remember for any of your investment, tax
or medicare questions, we'll be glad to talk to you
here at assec Or Associates. You can call us toll
(13:34):
free at eight six six seven to eight thirty six
ninety seven for your fear local here in southeast Texas
at four oh nine eight four roh sixty nine hundred.
We've been talking about Trump's address on Tuesday night. It
wasn't technically a State of the Union. That term is
reserved for after a president has been in office a year,
(13:55):
but it's basically the same thing. This is the kind
of sort of thing that makes people upset at Washington.
When you can just call it the State Union, We'll
be fine, As we were saying for the break, Democrats
acted badgier than the hungry Dracula during the speech, which
was pretty amazing considering the party has been talking for
the last three months about how it is going to
(14:16):
adopt a more pragmatic approach to the electorate after they
went down in flames last November. Just to give you
some background, Democratic strategists met at a comeback retreat last month,
where party leaders discussed ways to reconnect with working class voters.
According to the documents attained at the meeting, Democrats described themselves
(14:38):
as being viewed quote as judgmental, out of touch, and dismissive,
disconnected from everyday people. The solutions, they said, were to
embrace patriotism, community, and traditional American imagery, and to reconnect
with values like hard work, rugged individualism, and entrepreneurialism, basically
(14:59):
to be a rec Instead, the Democrats completely uncut their
own strategy with their performance Tuesday night. Trump de arrangement
syndrome was on full display before, during, and after the speech.
Take a listen to the Jasmine Crockett of Dallas representing
the Texas thirtieth District, who was interviewed here after walking
out in the middle of the speech.
Speaker 3 (15:22):
This is not what we should be doing. I don't
know why we fight with Greenland. Why we I with Greenland?
Speaker 4 (15:26):
We fighting with.
Speaker 9 (15:26):
Canada, we fighting with Mexico, Yet we in love with
what is happening like.
Speaker 4 (15:32):
This is not America.
Speaker 3 (15:34):
This is a terrible nightmare.
Speaker 9 (15:35):
Somebody slapped me and wake me the up because I'm
ready to get on with it.
Speaker 5 (15:39):
Apparently, the Democrats could only respond with F bombs after
Trump was dropping H bombs on all night long. The
Democrats came in expecting to throw Trump off his game
by acting rowdy, only they forgot who the ringmaster is
of this particular circus. The Democrats misread the room from
the start. Americans, believe it or not, didn't tune in
(16:03):
to watch a sideshow. They were watching to learn what
real solutions are being presented towards some serious, real world problems.
Democrats say they want to win back the working class,
but they couldn't even stand up for Middle America on
the simplest and easiest of applause lines. Instead of demonstrating
any sort of reasonableness, the Democrats committed more unforced errors
(16:24):
than the Chicago Cubs in a game six was of
Steve Martman up in the stands. Let's just highlight some
of the working class issues that Democrats refused to support.
Tax LUTs for the working class, fighting crime, destroying cartels,
supporting the criminals here illegally apprehending international terrorists, bringing a
(16:47):
hostage back home from Russia, and oh yeah, the dreams
of a young boy with brain cancer literally from the
same city as the old kurmudgeon who got thrown out
like a drunk from a bar. The only time Democrats
clap for something was when the President brought up the
billions of dollars were spending into Ukraine, prompting this off
the cuff response from Trump, do.
Speaker 7 (17:10):
You want to keep it going for another five years? Yeah, yeah,
you would say, Pocahonta says yes two thousand.
Speaker 5 (17:31):
Trump was, of course, referring to Senator Elizabeth Warren of Massachusetts,
who notoriously misrepresented herself as a Native American on federal
forums at the University of Pennsylvania and at Harvard. Senator Warren,
who was gearing up for a twenty twenty presidential run
when the scandal broke, took a DNA test to prove
(17:51):
her ancestry, but the results came back with at best
a one point five percent match, potentially as low as
one tenth of one percent. Warren had also never attempted
to register with the tribe or even identified as such
prior to her career in academia. She's been on the
defensive about it ever since, and Trump has kept her there.
(18:12):
Senator Warren, like many on the left, has been critical
of the President's attempts to bring to an end the
russ of Ukraine War. We talked at length last week
about the situation on the ground, so it's no surprise
that Trump is adamantly opposed to continuing the war, as
he stated in the clip, for another five years, a
concept that Warren clearly did not reject. Tuesday night, President
(18:35):
Trump was also writing the momentum from an earlier communication
from President Zelensky of the Ukraine. Following his sudden and
dramatic expulsion from the White House last Friday, Zelensky published
on social media Tuesday that his acceptance of several of
America's terms have a mediated peace deal, including the mineral deal.
He was in the office the Sign when he made
(18:57):
the mistake of calling jd Vance the B word. Now
Trumpet's vindicated and on the right side of history as
he looks to bring to an end the most serious
European conflict in eighty years. The contrast can't be clearer.
President Trump and the Republicans are in support of an
American centric agenda, whereas the Democrats are forced to stand
(19:21):
against them in order to keep their radical base placated.
This allows Trump to continually put the Democrats on the
short end of multiple eighty twenty issues the president and
open himself up criticism during his address. Check out his
remarks on Greenland.
Speaker 7 (19:38):
And I also have a message tonight for the incredible
people of Greenland. We strongly support your right to determine
your own future, and if you choose, we welcome you
into the United States of America. We need Greenland for
national security and even international security, and we're working with
(19:59):
everybody involved to try and get it. But we need
it really for international world security, and I think we're
going to get it.
Speaker 11 (20:08):
One way or the other. We're going to get it.
Speaker 7 (20:12):
We will keep you safe, we will make you rich,
and together we will take Greenland to heights like you
have never thought possible before.
Speaker 5 (20:21):
Now, in spite of their independence movement, eighty five percent
of Greenland are still object to the idea of US annexation.
So one does wonder what the heck Trump means by
one way or another he's getting right. Please tell me
he's getting We'll be right back.
Speaker 6 (20:36):
Following these messages.
Speaker 5 (20:38):
I'm Jeff Lewis, and you're listening to That's the bottom
line on news talk radio AM five sixty KLBI.
Speaker 1 (20:45):
We're just trying to turn a nickel into a time.
That's the bottom line.
Speaker 10 (20:53):
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Speaker 2 (22:13):
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Speaker 2 (22:22):
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Speaker 1 (22:53):
We're just trying to turn Ankeel into a dime. That's
the bottom line.
Speaker 5 (22:59):
Welcome back to that's the bottom line here on news
talk radio AM five sixty KLBI and on iHeartRadio once
again filling in for Genevallerani. I'm Jeff Lewis, an investment
advisor representative here at Asse Growth Associates. Again. You can
visit us at Savemiretirement dot com. Or if you just
(23:21):
want to speak to a real person about your tax
or retirement needs, go ahead and give us a call
toll free at eight sixty six seven to two eight
thirty six ninety seven. Or if you live here in
the Golden Triangle area, you can give us a call
at our local number four O nine eight four h
sixty nine hundred.
Speaker 6 (23:41):
You'll be glad that you did.
Speaker 5 (23:44):
Okay, folks, so mixed into all that drama, we got
a lot of details out of Trump in that speech.
Leading up to the big event. There were some investment
deals announced throughout the week. The President summarized him in
this address.
Speaker 7 (23:58):
Thanks to our first policies we're putting into place, we
have had one point seven trillion dollars of new investment
in America in just the past few weeks the.
Speaker 11 (24:10):
Combination of the election.
Speaker 7 (24:13):
And our economic policies that people of SoftBank, what are
the most brilliant anywhere in the world, announced a two
hundred billion dollar investment. Open Ai and Oracle Larry Ellison
announced five hundred billion dollar investment, which they wouldn't have
done if Kamala had won. Apple announced five hundred billion
(24:40):
dollar investment. Tim Cook called me. He said, I cannot
spend it fast enough. It's going to be much higher
than that. I believe be building their plants here instead
of in China. And just yesterday, Taiwan Semiconductor, the biggest
in the world, most powerful in the world, has a
tremendous amount ninety seven percent of the market, announced a
(25:03):
one hundred and sixty five billion dollar investment to build
the most powerful chips on Earth right here in the USA.
Speaker 5 (25:18):
So let's explain what's happening here in case you've never
heard of a few of these companies. Soft Bank, no,
it's not a bank, soft refers to software here is
a Japanese investment company that specializes in the tech industry.
They will be the lead financial partners along with the
California based firm open Ai, to create a new business
(25:40):
entity called the Stargate Project, which will develop and build
AI technology here in the United States. Other operating partners
related to the technology itself include Oracle, Navidia, and Microsoft,
with twenty data centers planned for construction. The first two
are already being built right here in Texas up in Abilene,
(26:01):
Texas will become the AI capital of the world, which
my fellow DAWs cowboy fans will agree. We already have
that market corner as launched. Jerry Jones owns the team.
But all that are intelligence artificial, but I digress. Next,
Trump outlines a whole landfills worth of wastele spending thanks
to Elon Musk work over at DOJE. Be advised this
(26:24):
is a longer sound clip here we go.
Speaker 7 (26:28):
Just listen to some of the appalling waste. We have
already identified twenty two billion dollars from HHS to provide
free housing and cars for illegal aliens. Forty five million
dollars for diversity, equity and inclusion scholarships in Burma, forty
(26:49):
million dollars to improve the social and economic inclusion of
sedentary migrants. Nobody knows what that is. Eight million dollars
to promote LGBTQI plus in the African nation of Lesuto,
which nobody has ever heard of. Sixty million dollars for
(27:12):
Indigenous peoples and Afro Colombian empowerment in Central America. Sixty
million dollars, eight million dollars for making mice transgender.
Speaker 3 (27:28):
This is real.
Speaker 7 (27:30):
Thirty two million dollars for a left wing propaganda operation
in Ldova, ten million dollars for mail circumcision in Mozambique,
twenty million dollars for the Arab Sesame Street in the
Middle East program, twenty million dollars for program one point
(27:52):
nine billion dollars to recently created Decarbonization of Homes committee
up and we know she's involved. Just at the last
moment the money was passed over by a woman named
Stacy Abrams. Have you ever heard of her?
Speaker 5 (28:14):
Now? The sad part is all of that waste and
it's still only one quarter of one percent of our
budget deficit, which is over eight trillion dollars annually. There's
still a lot of cuts that need to be made
if we want to even have a prayer of balancing
the budget. Generally, that leads to a conversation about entitlements.
(28:36):
While the President has insisted on leaving alone programs like
Social Security. Most Americans do agree that cutting fraud out
of such systems is basic common sense. Democrats claim that
widespread fraud in Social Security doesn't exist. However, government reports
show otherwise. Last year, the Inspector General's report showed that
(28:58):
the Social Security Administration reclaimed nearly five billion dollars in
overpayments in twenty twenty three alone. By the end of
the year, there still remained another twenty three billion in
overpayments money paid out in error that is yet to
be returned. That's literally three hundred and forty three dollars
per person on Social Security. Now that's a heck of
(29:21):
an error, but it's still not enough to get us
to the finished line when it comes to the budget.
That's why growing the economy and tax reform are so
important going forward. Make no mistake, these reforms are popular.
Americans understand the necessity of being able to pay the
country's bills. Trump even trolled Democrats on the widespread support
(29:43):
for Elon must work at dooge with this little side comment, thank.
Speaker 7 (29:49):
You, Elon, he's working very hard. He didn't need this.
He didn't need this.
Speaker 11 (29:54):
Thank you very much.
Speaker 7 (29:55):
We appreciate it. Everybody here, even this side, appreciates that.
Speaker 5 (29:58):
I believe.
Speaker 7 (30:01):
They just don't want to admit that.
Speaker 5 (30:04):
This comment came on the heels of a new poll
published by Harvard Harris seventy six percent of voters approve
of Doge. That's virtually all Republicans and Independence and at
least the third of Democrats. Despite this fact, the liberal
media continues to allow their bias.
Speaker 6 (30:22):
That's to you the truth.
Speaker 5 (30:24):
Just as a quick example, a recent political article said
that Doge quote is not without support. Apparently that's the
new term for a fifty point margin in polling. By
the way, Politico just lost eight million dollars in paid
government subscriptions because of Doge.
Speaker 6 (30:39):
We'll be right back with this week's solution segment.
Speaker 5 (30:41):
I'm Jeff Lewis, and you're listening to That's the bottom
Line on news talk radio AMFI sixty klv I.
Speaker 3 (30:49):
We're just trying to turn ankel into a dive.
Speaker 4 (30:52):
That's the bottom line.
Speaker 10 (30:56):
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(32:07):
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Speaker 5 (32:18):
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Speaker 6 (32:41):
The market goes up.
Speaker 5 (32:43):
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Speaker 6 (32:48):
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Speaker 5 (32:50):
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Speaker 1 (33:10):
We're just trying to turn a nekel into a dime.
That's the bottom line.
Speaker 5 (33:16):
We're absolutely thrilled that you're with us on At the
bottom line, you're on news talk radio AM five sixty
kl VII and on iHeartRadio. As always, you can call
us toll free at eight sixty six seven to eight
thirty six ninety seven or locally at four zero nine
(33:37):
eight four h sixty nine hundred. If you don't get
us the first time, just call back because I'm horrible
at checking my voicemail. So back in the day, when
I was in high school, my algebra teacher would give
us a problem that literally had no solution. I mean
that was the answer, no solution, which always blew my
(33:58):
mind because I be like, why the heck are you
giving us a problem if there's no answer to it
to begin with. And that's the way retirement feels like.
Sometimes you're stuck with a problem and they're just ain't
a good answer for it. Fortunately, you don't have to
feel that way anymore, and that's why we have this
week's solution segment. We generally get two types of people
(34:20):
here at Asset for Associates. Some folks sit down with
me and tell me just how much they love the
stock market.
Speaker 6 (34:27):
It's exciting to them.
Speaker 5 (34:28):
They live off the lows and the highs, and it
serves them well a lot of the time, particularly if
you're middle aged like me. And that's kind of difficult
for me to get used to. But I guess I'm
middle aged. Now. You still got another generation of returns
to let the market do its thing. Remember, there's not
a twenty year period you can point to where the
market has gone down, is there. If this description fits you,
(34:52):
you're probably a good candidate for our advisory services. We
can help you to sign an investment strategy that lets
you ride all the ways from crest the trough, serfs
up and will help you stay on the board. Now,
the other type of person comes into the office and
is more concerned about how the market works. Maybe they're
just scared by it or simply don't understand it, or
(35:15):
just don't even want a fool with it. Maybe you're
really close to retirement and you don't have the luxury
of years to recover if the market doesn't do exactly
what you expected to do for an extended period of time.
If this is you, I'm willing to bet that you're
well suited by a principal protection plan. A principal protection
plan is a plan where your principle is never at risk.
(35:38):
You're only risking your rate of return, whereas in a
conventional investment account you risk both your principle and your
rate of return. Here's an example. If you have one
hundred grand and you lose thirty percent, you end up
with seventy thousand. If you didn't gain thirty you're only
back at ninety one thousand, not one hundred. In order
to just break even, you'd have to earn forty three percent.
(36:01):
This is why principal protection is so important. Hey, if
you're a regular listener of the show, you've heard us
talk about a lot of this stuff before. One thing
you may not be aware of, though, is just how
many different ways a principal protection plan can make you money.
How is your return calculated? And do you have control
over it. The answer to the second question there is simple. Yes,
(36:22):
you have complete control over the method by which your
return is allocated. You can change it from year to year.
It's totally up to you. But to make that decision,
it helps to understand the different options you've got available
to you. The first thing you need to know is
that you have what we call a zero four. That means,
no matter what, you can't lose money, as in, your
(36:45):
rate of return cannot be negative. That's actually a pretty
positive thin. Now, some plans, not all, also call for
a ceiling or a cat it sores as an upper
limit of what you can make a year. Again, not
every plan has those, So that's why it's important to
talk to someone that's been doing this for decades, like
those of us here at Asset Growth Associates. Now, if
(37:08):
you want to speak to us, our number locally is
four zero nine eight four zero sixty nine hundred and
toll free at eight six six seven two eight thirty
six ninety seven. And of course, like we keep saying,
you can go to savemretirement dot com and check out
(37:29):
a whole range of services that we offer. Again, that
number's four zero nine eight four zero sixty nine hundred
or toll free eight sixty six seven two eight thirty
six ninety seven. And that's Savemiretirement dot Com. Let's talk
about what you can do if you have an old
four oh one K with a previous employer, or even
(37:51):
if you're fully vested in wondering how to transfer your
four oh one K into an IRA without having to
leave your current job. Let's start with the basics. If
you have an old four to one K from a
previous employer, there's a few different options. First, you can
leave it where it is, but that often comes with
limited investment choices and potentially higher fees. A more common
(38:12):
and beneficial option is to roll it over into an IRA.
This transfer can give you a wider range of investment options,
more flexibility, and potentially lower fees the what you had
in the four o one K. To do this rollover,
all you have to do is contact us at Asset
Growth Associates to help you open your IRA. We will
guide you through the process of transferring to access from
(38:34):
your old plan into your new IRA.
Speaker 6 (38:37):
We can do a direct.
Speaker 5 (38:38):
Transfer, which means the money moves directly from your old
provider to the IRA without you ever having to touch
to funds, and that keeps it tax free. But what
if you're working with your employer still and you're actually
fully invested in your four to one K.
Speaker 6 (38:54):
Well, good news.
Speaker 5 (38:55):
Some employers allow what's called an end service transfer. This
means you can transfer some or all of your four
rohwin K funds into an IRA even when you're still employed.
In service transfers can be a great way to take
control of your retirement savings without having to quit your job.
It's important to check with your employer's HR department or
your plan administrator to see if this is an option
(39:16):
available to you. Is not all companies operate, but if
they do, it can allow you to enjoy the same
benefits as an IRA rollover, like more investment options and
potentially lower fees. The key to remember is that whether
you're moving an old plan from a previous job or
doing an in service transfer from your current employer's plan,
(39:36):
both options can help you simplify your retirement savings and
put you on a path to more growth and more flexibility.
So take a moment to look into your options and
give us a call at four h nine eight four
h sixty nine hundred to make sure you're making the
best choice for your situation. You're in control, and it's
(39:57):
never too late to make your retirement start working harder
for you. I'm Jeff Lewis, and you're listening to That's
the bottom line on News Talk Radio AM five sixty
kl v I.
Speaker 1 (40:09):
Where's just trying to turn a necke in to die?
That's the bottom line. Where's just trying to turn a
necke in die?
Speaker 4 (40:22):
That's the bottom line.
Speaker 5 (40:37):
Thank you for listening today to That's the bottom line
on News Talk Radio AM five sixty kl v I.
Plus to those of you that tuned in via podcast,
through iHeartRadio or through our website at savemiretirement dot com. Again,
you can tune in next time at six am Saturdays,
(40:59):
were at eleven on Sundays. Of course, you can listen
to all our previous broadcasts any time any day on
demand online. Again, if you decide to contact any of
us here at Asset Growth Associates, give us a call
at four oh nine eight four h sixty nine hundred
(41:19):
or toll free at eight sixty six seven to eight
thirty six ninety seven. Our physical address in Beaumont is
at thirteen ninety one Calder Avenue, a block from the
intersection of MLK and Calder. I hope that you had
some fun with this week's broadcast.
Speaker 6 (41:36):
I know I did.
Speaker 5 (41:38):
We know your time is important, and that means giving
you an informative and substantive discussion on issues relevant to you.
Whether it's current events or national politics, you can count on.
That's the bottom line, to deliver frank, straightforward analysis of
the stories that affect you. There's a lot going on
in the world right now. An uncertainty makes for volatility
(41:59):
in the market. Sometimes people put off retiring just a
little longer simply because they're worried about what will happen
if they keep quit working. Is your money enough to
see you through? If you have a retirement account that's
been sitting around and you don't know what to do
with it, well, chances are we do. This is what
we do, and we do it well. If you're wanting
(42:20):
to be actively involved in the market, especially with the
change of administrations, our advisement services can help a design
a portfolio that suits your risk tolerance and return expectations.
If you're a little more tentative when it comes to
general investing again, there's nothing to worry about. We've got
your back at Asset Growth Associates. We've got the experience
(42:42):
and name you can trust. We know how to handle
your money consistently, safely, and always with your best interest
in mind. If you're turning sixty five, we're looking to
come off your group insurance when you retire. We've got
answers for your Medicare questions. We know it's no joe.
The federal government is fantastic at making stuff as complicated
(43:04):
as possible. And guess whose fault it is. If something
gets screwed up, it ain't Uncle Sam's.
Speaker 6 (43:09):
Give us a holler.
Speaker 5 (43:10):
We'll get you sorted out. And remember it's also income
tax season, so if you're age fifty or over and
want to take advantage of our senior tax filing for
ninety nine bucks, you definitely want to call us for
an appointment. I'm Jeff Lewis, and again, it's a privilege
to be with you. For Geen Valerani and everyone here
at assex Worth Associates. Make the Lord bless you and
(43:31):
keep you until next week. That's the bottom line.
Speaker 3 (43:34):
That's the bottom line.
Speaker 1 (43:37):
You can reach Asset Growth associates by calling one eight
six six seven two eight thirty six ninety seven are
by visiting Savemretirement dot com
We're just trying to turn a neckel into a dime.
That's the bottom line.
Speaker 2 (00:15):
Welcome to real honest talk about money, politics, news and information.
Speaker 3 (00:21):
You can actually use Bugle up and hold on tight.
Speaker 4 (00:25):
This is that's the bottom line.
Speaker 3 (00:31):
The best thing that life up free. But you can
give them to the bath and be the.
Speaker 5 (00:48):
Good Good morning everybody. This is that's the bottom line.
Your weekly radio broadcast that tells it like it is
on news talk radio Am five sixty KLBI. We air
at six in the morning on Saturdays and Sunday mornings
at eleven. We also welcome those of you tuning in
on the iHeartRadio podcast or through our website at savemyretirement
(01:14):
dot com. You can catch us toll free at eight
six six seven two eight thirty six ninety seven, or
call locally at four zero nine eight four h sixty
nine hundred. My name is Jeff Lewis your guest host today.
I'm an invest in advisor representative at Asset Growth Associates.
(01:34):
We have offices located in Dallas and right here in Beaumont, Texas.
We offer investment, pension and retirement planning services, as well
as personal and corporate income tax preparation. We also assist
people with their medical insurance options as they transition onto Medicare.
In short, we do it all here at Asset Growth Associates.
(01:55):
We've been servicing our clients in Texas and Louisiana for
several decades now, including representing our clients who may be
having difficulty with the irs. We're often able to negotiate
a tax settlement or possibly to help you end up
owing nothing at all, giving you a financial fresh start
in your relationship with the federal government. Wow, what a
(02:18):
week it's been. There's so much to cover, but obviously
the dominant story of the week is President Trump's address
to the Joint Session of Congress. Today, We're going to
do something a little different than we've done in the
past on this show. We'll break down some of the
key moments clip by clip of Tuesday night speech and
talk about what we've learned. Later on, in our solutions segment,
(02:41):
we'll review some ways in which you can protect your
wealth while still potentially earning market level rates of return.
Speaker 6 (02:48):
But first.
Speaker 7 (02:50):
Ever recorded a forty one point job.
Speaker 8 (03:00):
Members are directed to uphold and maintain the quorum in
the House and to cease any further disruptions that you're
warning members are engaging in wilful and continuing breach of
the quorum, and the Chair is prepared to direct the
Sergeant at Arms to restore order to the joint session.
(03:44):
Mister Green, take your seat. Take your seat, sir, take
your seat. Finding that members continue to engage in wilful
and concerted disruption or proper decorum, the Chair now directs
the Sergeant at Arms to restore.
Speaker 3 (04:03):
Remove this gentleman from the chamber.
Speaker 5 (04:12):
So the sound you just heard is that of the
Honorable Al Green being forcibly removed from the House Chamber
for a repeatedly interrupting to President's speech. The Speaker of
the House, Mike Johnson, passed his own version of a
Green New Deal by having the Sergeant of Arms escort
mister Green out of the building. Al Green, the representative
(04:35):
from the ninth District of Texas, which is composed of
parts of southwest Houston between Sugarland and Pearland, now faces
censure for his actions Tuesday night, which in later statements
he seemed to embrace as part of a larger resistance
movement against the President. Green has been the center of
scandal before when back in two thousand and eight, he
(04:57):
was accused of sexual assault by a former staffer named
to Send to Daniels. While Green, who was sixty one
years old at the time, admitted to a quote romantic encounter,
Dangels would retract their allegation a decade later. Meanwhile, al
Green has been preparing articles of an impeachment against the president.
(05:18):
Who knows, maybe a third time's the charm. So anyway,
as it turns out, while the Democrats were holding their
sit in protest on the floor of the House, President
Trump dared interrupt it with a speech to the American people,
a pretty good one, as it turned out, depending on
if he trusts CNN or CBS. More, the two news
(05:40):
organizations had anywhere from sixty nine to seventy four percent
of viewers approving of the speech, which, if you factor
in their usual pulling error, that probably means it's closer
to about eighty percent. The President started off with the
victory lap of sorts, focusing on his success when solving
the border crisis, isn't it I mean, after all, we
(06:02):
were told for years that we couldn't actually stop illegal immigration.
I mean, wouldn't that take what was it again, legislation.
Speaker 7 (06:12):
The media and our friends in the Democrat Party kept
saying we needed new legislation, We must have legislation to
secure the border. But it turned out that all we
really needed was a new president.
Speaker 5 (06:35):
Oh yeah, Perhaps the problem is that we needed a
president that spends more time working at his desk than
drooling on it. After all, Donald Trump has gotten more
done in six weeks than most presidents get done in
eight years. His approval rating is the highest it's ever been.
He's got record support among Republicans, among independents, even among
(06:57):
Latinos and African Americans. You'd think that, just maybe there
would be something he could say to make Democrats happy.
Speaker 7 (07:06):
Right, And once again, I look at the Democrats in
front of me, and I realize there is absolutely nothing
I can say to make them happy, or to make
them stand or smile or applaud Nothing I can do.
I could find a cure to the most devastating disease,
a disease that would wipe out entire nations, or announce
(07:30):
the answers to the greatest economy and history, or the
stoppage of crime to the lowest levels ever recorded. And
these people sitting right here, will not clap, will not stand,
and certainly will not cheer for these astronomical achievements. They
won't do it no matter what. Five five times I've
(07:51):
been up here. It's very sad and it just shouldn't
be this way.
Speaker 5 (07:57):
It shouldn't be this way from him, the guy who's
made his career by breaking every political norm in the book.
Speaker 6 (08:06):
I mean, no wonder Democrats are upset now.
Speaker 5 (08:09):
Surely from here the Democrats will spend the next hour
and a half proving the President right. The Republicans going
to have scripted this better. Scott Jennings had this to
say on CNN after the Democratic response or lack thereof.
Speaker 9 (08:23):
Yeah, I mean, look, I'm sure she's a very nice person.
None of this will be remembered because this was a
horrific night for the opposition party, regardless of how well
she just spoke. It started out with Al Green getting
thrown off the house floor because he couldn't keep his
emotions under control. Then they had the ridiculous paddles, which
now social media is roasting you said, false on one side, ridiculous.
(08:47):
And then finally, finally, and maybe most terribly, the Democrats
who couldn't find it in their heart to stand for
objectively good things, including the ninety five year old mother
and mark of Mark fogel And who got rescued from
a Russian prison. And they couldn't even stand up for that.
I thought Democrats came into this speech lost and defeated
(09:09):
by Donald Trump, and today it looks to me like
they're even more lost and even more defeated to win.
Speaker 5 (09:13):
This speech started lost and defeated. That's the Democratic Party
these days. Maybe they'll find a better use of those
paddles going forward. We'll be right back following these messages.
I'm Jeff Lewis, and you're listening to That's the bottom
line on news talk radio AM five sixty kl v I.
Speaker 1 (09:34):
We're just trying to turn a nickel into a dime,
that's the bottom line.
Speaker 10 (09:42):
The power to tax is the power to dispurl it.
Taxes affect your paycheck, your plans, not even your peace
of mind. But this tax season leads the stress to us.
This is Gene Valerania Asset Growth Associates. We make f
income tax returns simple, accurate, and stress free. If you're
(10:06):
fifty year older, you could qualify for a low price
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it comes to your taxes, every detail matters every time.
Call us four O nine eighty four oh sixty nine
hundred er visit Savemretirement dot comm do it today. Taxes
(10:28):
are everything, Let's make them work for you. Are you
thinking about starting your Social Security benefits early? Before you decide,
let's talk about the big picture. Claiming benefits before your
full retirement age, whether it's sixty six, sixty seven, or
(10:50):
somewhere in between, can reduce your monthly income by up
to thirty percent. That could mean thousands of dollars less
every year, and once you start, there's no going back.
Here's the unintended consequence. That smaller check could limit your
ability to enjoy retirement, cover healthcare costs, or leave a
(11:14):
legacy for you and your loved ones. And if you
live longer than you expect, those reduced benefits might not
be enough. But don't worry. We're here to help. At
Asset Growth Associates specialize in creating smart strategies for Social
Security and retirement income. Will help you maximize your benefits
(11:38):
and secure your future. Call four oh nine eight four
sixty nine one hundred today or visit savemyretirement dot com
for your free social security analysis. Let's make sure your
retirement works for you, not against you, and smarter retire.
Speaker 11 (12:02):
Bet If you owe the i R S five thousand
dollars or more, don't call an unknown eight hundred number.
Instead personally meet with us to review your IRS problem.
And if you want to pay the i R S
(12:23):
nothing or less than you owe, we can set up
a fresh start agreement with the i R S. We
can help you. Ladies and gentlemen can call us whole
free at one eight six six seven two eight three
six nine seven.
Speaker 1 (12:38):
We're just trying to turn a nickel into what die.
That's the bottom line.
Speaker 3 (12:48):
We will move down from them. They will move and
you can't even.
Speaker 5 (13:14):
We're back with That's the bottom line here on news
talk radio AM five sixty klv I and on iHeartRadio again,
I'm Jeff Lewis. Remember for any of your investment, tax
or medicare questions, we'll be glad to talk to you
here at assec Or Associates. You can call us toll
(13:34):
free at eight six six seven to eight thirty six
ninety seven for your fear local here in southeast Texas
at four oh nine eight four roh sixty nine hundred.
We've been talking about Trump's address on Tuesday night. It
wasn't technically a State of the Union. That term is
reserved for after a president has been in office a year,
(13:55):
but it's basically the same thing. This is the kind
of sort of thing that makes people upset at Washington.
When you can just call it the State Union, We'll
be fine, As we were saying for the break, Democrats
acted badgier than the hungry Dracula during the speech, which
was pretty amazing considering the party has been talking for
the last three months about how it is going to
(14:16):
adopt a more pragmatic approach to the electorate after they
went down in flames last November. Just to give you
some background, Democratic strategists met at a comeback retreat last month,
where party leaders discussed ways to reconnect with working class voters.
According to the documents attained at the meeting, Democrats described themselves
(14:38):
as being viewed quote as judgmental, out of touch, and dismissive,
disconnected from everyday people. The solutions, they said, were to
embrace patriotism, community, and traditional American imagery, and to reconnect
with values like hard work, rugged individualism, and entrepreneurialism, basically
(14:59):
to be a rec Instead, the Democrats completely uncut their
own strategy with their performance Tuesday night. Trump de arrangement
syndrome was on full display before, during, and after the speech.
Take a listen to the Jasmine Crockett of Dallas representing
the Texas thirtieth District, who was interviewed here after walking
out in the middle of the speech.
Speaker 3 (15:22):
This is not what we should be doing. I don't
know why we fight with Greenland. Why we I with Greenland?
Speaker 4 (15:26):
We fighting with.
Speaker 9 (15:26):
Canada, we fighting with Mexico, Yet we in love with
what is happening like.
Speaker 4 (15:32):
This is not America.
Speaker 3 (15:34):
This is a terrible nightmare.
Speaker 9 (15:35):
Somebody slapped me and wake me the up because I'm
ready to get on with it.
Speaker 5 (15:39):
Apparently, the Democrats could only respond with F bombs after
Trump was dropping H bombs on all night long. The
Democrats came in expecting to throw Trump off his game
by acting rowdy, only they forgot who the ringmaster is
of this particular circus. The Democrats misread the room from
the start. Americans, believe it or not, didn't tune in
(16:03):
to watch a sideshow. They were watching to learn what
real solutions are being presented towards some serious, real world problems.
Democrats say they want to win back the working class,
but they couldn't even stand up for Middle America on
the simplest and easiest of applause lines. Instead of demonstrating
any sort of reasonableness, the Democrats committed more unforced errors
(16:24):
than the Chicago Cubs in a game six was of
Steve Martman up in the stands. Let's just highlight some
of the working class issues that Democrats refused to support.
Tax LUTs for the working class, fighting crime, destroying cartels,
supporting the criminals here illegally apprehending international terrorists, bringing a
(16:47):
hostage back home from Russia, and oh yeah, the dreams
of a young boy with brain cancer literally from the
same city as the old kurmudgeon who got thrown out
like a drunk from a bar. The only time Democrats
clap for something was when the President brought up the
billions of dollars were spending into Ukraine, prompting this off
the cuff response from Trump, do.
Speaker 7 (17:10):
You want to keep it going for another five years? Yeah, yeah,
you would say, Pocahonta says yes two thousand.
Speaker 5 (17:31):
Trump was, of course, referring to Senator Elizabeth Warren of Massachusetts,
who notoriously misrepresented herself as a Native American on federal
forums at the University of Pennsylvania and at Harvard. Senator Warren,
who was gearing up for a twenty twenty presidential run
when the scandal broke, took a DNA test to prove
(17:51):
her ancestry, but the results came back with at best
a one point five percent match, potentially as low as
one tenth of one percent. Warren had also never attempted
to register with the tribe or even identified as such
prior to her career in academia. She's been on the
defensive about it ever since, and Trump has kept her there.
(18:12):
Senator Warren, like many on the left, has been critical
of the President's attempts to bring to an end the
russ of Ukraine War. We talked at length last week
about the situation on the ground, so it's no surprise
that Trump is adamantly opposed to continuing the war, as
he stated in the clip, for another five years, a
concept that Warren clearly did not reject. Tuesday night, President
(18:35):
Trump was also writing the momentum from an earlier communication
from President Zelensky of the Ukraine. Following his sudden and
dramatic expulsion from the White House last Friday, Zelensky published
on social media Tuesday that his acceptance of several of
America's terms have a mediated peace deal, including the mineral deal.
He was in the office the Sign when he made
(18:57):
the mistake of calling jd Vance the B word. Now
Trumpet's vindicated and on the right side of history as
he looks to bring to an end the most serious
European conflict in eighty years. The contrast can't be clearer.
President Trump and the Republicans are in support of an
American centric agenda, whereas the Democrats are forced to stand
(19:21):
against them in order to keep their radical base placated.
This allows Trump to continually put the Democrats on the
short end of multiple eighty twenty issues the president and
open himself up criticism during his address. Check out his
remarks on Greenland.
Speaker 7 (19:38):
And I also have a message tonight for the incredible
people of Greenland. We strongly support your right to determine
your own future, and if you choose, we welcome you
into the United States of America. We need Greenland for
national security and even international security, and we're working with
(19:59):
everybody involved to try and get it. But we need
it really for international world security, and I think we're
going to get it.
Speaker 11 (20:08):
One way or the other. We're going to get it.
Speaker 7 (20:12):
We will keep you safe, we will make you rich,
and together we will take Greenland to heights like you
have never thought possible before.
Speaker 5 (20:21):
Now, in spite of their independence movement, eighty five percent
of Greenland are still object to the idea of US annexation.
So one does wonder what the heck Trump means by
one way or another he's getting right. Please tell me
he's getting We'll be right back.
Speaker 6 (20:36):
Following these messages.
Speaker 5 (20:38):
I'm Jeff Lewis, and you're listening to That's the bottom
line on news talk radio AM five sixty KLBI.
Speaker 1 (20:45):
We're just trying to turn a nickel into a time.
That's the bottom line.
Speaker 10 (20:53):
Imagine investing a million dollars today and securing a guaranteed
fifteen percent scent future annual income for you and your spouse,
and income you can never outlive. Sounds like a dream.
With a deferred income plan, It's possible. Here's how it works.
(21:14):
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investing those in ten years, they'll unlock an annual income
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(21:37):
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eight four oh sixty nine one hundred or visit savemretirement
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(21:57):
now Financial peace of mind was waiting for you. Guaranteed income,
guaranteed peace of mind.
Speaker 2 (22:13):
I want to invite our listeners to find out what
a risk number can do for them. Visit what is
My Risk Number?
Speaker 3 (22:21):
Dot com?
Speaker 2 (22:22):
And while you're there you will find more information and
if you click the link on the front page, a
quick five minute process will give you your risk number
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now to take control of your investments and make them
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(22:44):
high degree of certainty. That is what is my risk number?
Dot Com? Again? What is my risk number? Dot Com?
Speaker 1 (22:53):
We're just trying to turn Ankeel into a dime. That's
the bottom line.
Speaker 5 (22:59):
Welcome back to that's the bottom line here on news
talk radio AM five sixty KLBI and on iHeartRadio once
again filling in for Genevallerani. I'm Jeff Lewis, an investment
advisor representative here at Asse Growth Associates. Again. You can
visit us at Savemiretirement dot com. Or if you just
(23:21):
want to speak to a real person about your tax
or retirement needs, go ahead and give us a call
toll free at eight sixty six seven to two eight
thirty six ninety seven. Or if you live here in
the Golden Triangle area, you can give us a call
at our local number four O nine eight four h
sixty nine hundred.
Speaker 6 (23:41):
You'll be glad that you did.
Speaker 5 (23:44):
Okay, folks, so mixed into all that drama, we got
a lot of details out of Trump in that speech.
Leading up to the big event. There were some investment
deals announced throughout the week. The President summarized him in
this address.
Speaker 7 (23:58):
Thanks to our first policies we're putting into place, we
have had one point seven trillion dollars of new investment
in America in just the past few weeks the.
Speaker 11 (24:10):
Combination of the election.
Speaker 7 (24:13):
And our economic policies that people of SoftBank, what are
the most brilliant anywhere in the world, announced a two
hundred billion dollar investment. Open Ai and Oracle Larry Ellison
announced five hundred billion dollar investment, which they wouldn't have
done if Kamala had won. Apple announced five hundred billion
(24:40):
dollar investment. Tim Cook called me. He said, I cannot
spend it fast enough. It's going to be much higher
than that. I believe be building their plants here instead
of in China. And just yesterday, Taiwan Semiconductor, the biggest
in the world, most powerful in the world, has a
tremendous amount ninety seven percent of the market, announced a
(25:03):
one hundred and sixty five billion dollar investment to build
the most powerful chips on Earth right here in the USA.
Speaker 5 (25:18):
So let's explain what's happening here in case you've never
heard of a few of these companies. Soft Bank, no,
it's not a bank, soft refers to software here is
a Japanese investment company that specializes in the tech industry.
They will be the lead financial partners along with the
California based firm open Ai, to create a new business
(25:40):
entity called the Stargate Project, which will develop and build
AI technology here in the United States. Other operating partners
related to the technology itself include Oracle, Navidia, and Microsoft,
with twenty data centers planned for construction. The first two
are already being built right here in Texas up in Abilene,
(26:01):
Texas will become the AI capital of the world, which
my fellow DAWs cowboy fans will agree. We already have
that market corner as launched. Jerry Jones owns the team.
But all that are intelligence artificial, but I digress. Next,
Trump outlines a whole landfills worth of wastele spending thanks
to Elon Musk work over at DOJE. Be advised this
(26:24):
is a longer sound clip here we go.
Speaker 7 (26:28):
Just listen to some of the appalling waste. We have
already identified twenty two billion dollars from HHS to provide
free housing and cars for illegal aliens. Forty five million
dollars for diversity, equity and inclusion scholarships in Burma, forty
(26:49):
million dollars to improve the social and economic inclusion of
sedentary migrants. Nobody knows what that is. Eight million dollars
to promote LGBTQI plus in the African nation of Lesuto,
which nobody has ever heard of. Sixty million dollars for
(27:12):
Indigenous peoples and Afro Colombian empowerment in Central America. Sixty
million dollars, eight million dollars for making mice transgender.
Speaker 3 (27:28):
This is real.
Speaker 7 (27:30):
Thirty two million dollars for a left wing propaganda operation
in Ldova, ten million dollars for mail circumcision in Mozambique,
twenty million dollars for the Arab Sesame Street in the
Middle East program, twenty million dollars for program one point
(27:52):
nine billion dollars to recently created Decarbonization of Homes committee
up and we know she's involved. Just at the last
moment the money was passed over by a woman named
Stacy Abrams. Have you ever heard of her?
Speaker 5 (28:14):
Now? The sad part is all of that waste and
it's still only one quarter of one percent of our
budget deficit, which is over eight trillion dollars annually. There's
still a lot of cuts that need to be made
if we want to even have a prayer of balancing
the budget. Generally, that leads to a conversation about entitlements.
(28:36):
While the President has insisted on leaving alone programs like
Social Security. Most Americans do agree that cutting fraud out
of such systems is basic common sense. Democrats claim that
widespread fraud in Social Security doesn't exist. However, government reports
show otherwise. Last year, the Inspector General's report showed that
(28:58):
the Social Security Administration reclaimed nearly five billion dollars in
overpayments in twenty twenty three alone. By the end of
the year, there still remained another twenty three billion in
overpayments money paid out in error that is yet to
be returned. That's literally three hundred and forty three dollars
per person on Social Security. Now that's a heck of
(29:21):
an error, but it's still not enough to get us
to the finished line when it comes to the budget.
That's why growing the economy and tax reform are so
important going forward. Make no mistake, these reforms are popular.
Americans understand the necessity of being able to pay the
country's bills. Trump even trolled Democrats on the widespread support
(29:43):
for Elon must work at dooge with this little side comment, thank.
Speaker 7 (29:49):
You, Elon, he's working very hard. He didn't need this.
He didn't need this.
Speaker 11 (29:54):
Thank you very much.
Speaker 7 (29:55):
We appreciate it. Everybody here, even this side, appreciates that.
Speaker 5 (29:58):
I believe.
Speaker 7 (30:01):
They just don't want to admit that.
Speaker 5 (30:04):
This comment came on the heels of a new poll
published by Harvard Harris seventy six percent of voters approve
of Doge. That's virtually all Republicans and Independence and at
least the third of Democrats. Despite this fact, the liberal
media continues to allow their bias.
Speaker 6 (30:22):
That's to you the truth.
Speaker 5 (30:24):
Just as a quick example, a recent political article said
that Doge quote is not without support. Apparently that's the
new term for a fifty point margin in polling. By
the way, Politico just lost eight million dollars in paid
government subscriptions because of Doge.
Speaker 6 (30:39):
We'll be right back with this week's solution segment.
Speaker 5 (30:41):
I'm Jeff Lewis, and you're listening to That's the bottom
Line on news talk radio AMFI sixty klv I.
Speaker 3 (30:49):
We're just trying to turn ankel into a dive.
Speaker 4 (30:52):
That's the bottom line.
Speaker 10 (30:56):
Planning your financial future can be one of your biggest
expenses in retirement, but they don't have to be. With
a tax efficient distribution plan, you can keep more of
what you've worked so hard to say. Here's how it works.
We help you strategically withdraw from your accounts to reduce
(31:21):
tax liabilities and maximize your retirement income. Whether it's choosing
the right accounts first or minimizing capital gains, or tailored
strategies ensure you are keeping your investments deficient and your
income steady. Take control of your financial future. Let's make
(31:46):
your money last longer and work smarter for you. Call
four to oh nine eight four h sixty nine hundred
today or visit savemretirement dot com to schedule your free consultation.
Your investment deserves a plan as unique as your goals.
(32:07):
Smart investments, smart times strategies.
Speaker 5 (32:18):
Are you tired of watching your investments rise and fall
with the market. What if you could have growth potential
without the risk of losing your hard earned money. This
is Jeff Lewis with Asset Growth Associates. If this sounds interesting,
then you need to ask us about a principal protection plan,
a smart financial solution designed to protect your money in
a down market while capturing market linked returns while.
Speaker 6 (32:41):
The market goes up.
Speaker 5 (32:43):
No market losses, market linked gains, peace of mind.
Speaker 6 (32:48):
Don't leave your future to chance.
Speaker 5 (32:50):
Call Asset Growth Associates today at four zero nine eight
four zero sixty nine hundred to learn how to grow
and protect your wealth, protect what you've built, bro with confidence,
call now four oh nine eight four zero sixty nine
hundred or visit us at savemiretirement dot com.
Speaker 1 (33:10):
We're just trying to turn a nekel into a dime.
That's the bottom line.
Speaker 5 (33:16):
We're absolutely thrilled that you're with us on At the
bottom line, you're on news talk radio AM five sixty
kl VII and on iHeartRadio. As always, you can call
us toll free at eight sixty six seven to eight
thirty six ninety seven or locally at four zero nine
(33:37):
eight four h sixty nine hundred. If you don't get
us the first time, just call back because I'm horrible
at checking my voicemail. So back in the day, when
I was in high school, my algebra teacher would give
us a problem that literally had no solution. I mean
that was the answer, no solution, which always blew my
(33:58):
mind because I be like, why the heck are you
giving us a problem if there's no answer to it
to begin with. And that's the way retirement feels like.
Sometimes you're stuck with a problem and they're just ain't
a good answer for it. Fortunately, you don't have to
feel that way anymore, and that's why we have this
week's solution segment. We generally get two types of people
(34:20):
here at Asset for Associates. Some folks sit down with
me and tell me just how much they love the
stock market.
Speaker 6 (34:27):
It's exciting to them.
Speaker 5 (34:28):
They live off the lows and the highs, and it
serves them well a lot of the time, particularly if
you're middle aged like me. And that's kind of difficult
for me to get used to. But I guess I'm
middle aged. Now. You still got another generation of returns
to let the market do its thing. Remember, there's not
a twenty year period you can point to where the
market has gone down, is there. If this description fits you,
(34:52):
you're probably a good candidate for our advisory services. We
can help you to sign an investment strategy that lets
you ride all the ways from crest the trough, serfs
up and will help you stay on the board. Now,
the other type of person comes into the office and
is more concerned about how the market works. Maybe they're
just scared by it or simply don't understand it, or
(35:15):
just don't even want a fool with it. Maybe you're
really close to retirement and you don't have the luxury
of years to recover if the market doesn't do exactly
what you expected to do for an extended period of time.
If this is you, I'm willing to bet that you're
well suited by a principal protection plan. A principal protection
plan is a plan where your principle is never at risk.
(35:38):
You're only risking your rate of return, whereas in a
conventional investment account you risk both your principle and your
rate of return. Here's an example. If you have one
hundred grand and you lose thirty percent, you end up
with seventy thousand. If you didn't gain thirty you're only
back at ninety one thousand, not one hundred. In order
to just break even, you'd have to earn forty three percent.
(36:01):
This is why principal protection is so important. Hey, if
you're a regular listener of the show, you've heard us
talk about a lot of this stuff before. One thing
you may not be aware of, though, is just how
many different ways a principal protection plan can make you money.
How is your return calculated? And do you have control
over it. The answer to the second question there is simple. Yes,
(36:22):
you have complete control over the method by which your
return is allocated. You can change it from year to year.
It's totally up to you. But to make that decision,
it helps to understand the different options you've got available
to you. The first thing you need to know is
that you have what we call a zero four. That means,
no matter what, you can't lose money, as in, your
(36:45):
rate of return cannot be negative. That's actually a pretty
positive thin. Now, some plans, not all, also call for
a ceiling or a cat it sores as an upper
limit of what you can make a year. Again, not
every plan has those, So that's why it's important to
talk to someone that's been doing this for decades, like
those of us here at Asset Growth Associates. Now, if
(37:08):
you want to speak to us, our number locally is
four zero nine eight four zero sixty nine hundred and
toll free at eight six six seven two eight thirty
six ninety seven. And of course, like we keep saying,
you can go to savemretirement dot com and check out
(37:29):
a whole range of services that we offer. Again, that
number's four zero nine eight four zero sixty nine hundred
or toll free eight sixty six seven two eight thirty
six ninety seven. And that's Savemiretirement dot Com. Let's talk
about what you can do if you have an old
four oh one K with a previous employer, or even
(37:51):
if you're fully vested in wondering how to transfer your
four oh one K into an IRA without having to
leave your current job. Let's start with the basics. If
you have an old four to one K from a
previous employer, there's a few different options. First, you can
leave it where it is, but that often comes with
limited investment choices and potentially higher fees. A more common
(38:12):
and beneficial option is to roll it over into an IRA.
This transfer can give you a wider range of investment options,
more flexibility, and potentially lower fees the what you had
in the four o one K. To do this rollover,
all you have to do is contact us at Asset
Growth Associates to help you open your IRA. We will
guide you through the process of transferring to access from
(38:34):
your old plan into your new IRA.
Speaker 6 (38:37):
We can do a direct.
Speaker 5 (38:38):
Transfer, which means the money moves directly from your old
provider to the IRA without you ever having to touch
to funds, and that keeps it tax free. But what
if you're working with your employer still and you're actually
fully invested in your four to one K.
Speaker 6 (38:54):
Well, good news.
Speaker 5 (38:55):
Some employers allow what's called an end service transfer. This
means you can transfer some or all of your four
rohwin K funds into an IRA even when you're still employed.
In service transfers can be a great way to take
control of your retirement savings without having to quit your job.
It's important to check with your employer's HR department or
your plan administrator to see if this is an option
(39:16):
available to you. Is not all companies operate, but if
they do, it can allow you to enjoy the same
benefits as an IRA rollover, like more investment options and
potentially lower fees. The key to remember is that whether
you're moving an old plan from a previous job or
doing an in service transfer from your current employer's plan,
(39:36):
both options can help you simplify your retirement savings and
put you on a path to more growth and more flexibility.
So take a moment to look into your options and
give us a call at four h nine eight four
h sixty nine hundred to make sure you're making the
best choice for your situation. You're in control, and it's
(39:57):
never too late to make your retirement start working harder
for you. I'm Jeff Lewis, and you're listening to That's
the bottom line on News Talk Radio AM five sixty
kl v I.
Speaker 1 (40:09):
Where's just trying to turn a necke in to die?
That's the bottom line. Where's just trying to turn a
necke in die?
Speaker 4 (40:22):
That's the bottom line.
Speaker 5 (40:37):
Thank you for listening today to That's the bottom line
on News Talk Radio AM five sixty kl v I.
Plus to those of you that tuned in via podcast,
through iHeartRadio or through our website at savemiretirement dot com. Again,
you can tune in next time at six am Saturdays,
(40:59):
were at eleven on Sundays. Of course, you can listen
to all our previous broadcasts any time any day on
demand online. Again, if you decide to contact any of
us here at Asset Growth Associates, give us a call
at four oh nine eight four h sixty nine hundred
(41:19):
or toll free at eight sixty six seven to eight
thirty six ninety seven. Our physical address in Beaumont is
at thirteen ninety one Calder Avenue, a block from the
intersection of MLK and Calder. I hope that you had
some fun with this week's broadcast.
Speaker 6 (41:36):
I know I did.
Speaker 5 (41:38):
We know your time is important, and that means giving
you an informative and substantive discussion on issues relevant to you.
Whether it's current events or national politics, you can count on.
That's the bottom line, to deliver frank, straightforward analysis of
the stories that affect you. There's a lot going on
in the world right now. An uncertainty makes for volatility
(41:59):
in the market. Sometimes people put off retiring just a
little longer simply because they're worried about what will happen
if they keep quit working. Is your money enough to
see you through? If you have a retirement account that's
been sitting around and you don't know what to do
with it, well, chances are we do. This is what
we do, and we do it well. If you're wanting
(42:20):
to be actively involved in the market, especially with the
change of administrations, our advisement services can help a design
a portfolio that suits your risk tolerance and return expectations.
If you're a little more tentative when it comes to
general investing again, there's nothing to worry about. We've got
your back at Asset Growth Associates. We've got the experience
(42:42):
and name you can trust. We know how to handle
your money consistently, safely, and always with your best interest
in mind. If you're turning sixty five, we're looking to
come off your group insurance when you retire. We've got
answers for your Medicare questions. We know it's no joe.
The federal government is fantastic at making stuff as complicated
(43:04):
as possible. And guess whose fault it is. If something
gets screwed up, it ain't Uncle Sam's.
Speaker 6 (43:09):
Give us a holler.
Speaker 5 (43:10):
We'll get you sorted out. And remember it's also income
tax season, so if you're age fifty or over and
want to take advantage of our senior tax filing for
ninety nine bucks, you definitely want to call us for
an appointment. I'm Jeff Lewis, and again, it's a privilege
to be with you. For Geen Valerani and everyone here
at assex Worth Associates. Make the Lord bless you and
(43:31):
keep you until next week. That's the bottom line.
Speaker 3 (43:34):
That's the bottom line.
Speaker 1 (43:37):
You can reach Asset Growth associates by calling one eight
six six seven two eight thirty six ninety seven are
by visiting Savemretirement dot com
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