May 30, 2025 • 43 mins
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Speaker 1 (00:00):
We're just trying to turn a necke into a time.
That's the bottom line.
Speaker 2 (00:12):
Welcome to real honest talk about money, politics, news and
information you can actually use. Buckle up and hold on tight.
This is that's the bottom line.
Speaker 3 (00:28):
The best thing the life of free. But you can
give them to the bath and.
Speaker 4 (00:33):
Be the that's the bottom.
Speaker 5 (00:47):
Good morning, everybody. This is that's the bottom line. Your
weekly radio broadcast that tells it like it is on
news talk radio A M five sixty kl v I.
We also welcome those of you tuning in on the
iHeartRadio podcast or through our website at savemiretirement dot com.
Speaker 6 (01:09):
You can call us toll.
Speaker 5 (01:10):
Free at eight sixty six Save My Retirement, or locally
at four zero nine A four zero sixty nine hundred.
I'm Jeff Lewis, an investment advisor representative at Asset Growth Associates.
We have offices located in Dallas and right here in Beaumont, Texas.
We help people just like you throughout Texas and Louisiana
(01:33):
with investment and retirement planning services. We also assist those
who may be having difficulty with the IRS. Plus, we
work with retirees on their medical insurance options as they
transition onto Medicare. Later in the show, the Great Gene
Valeranti is back with a dirty little secret, Plus what
(01:55):
about your money. We'll discuss your bottom line in our
solutions sect, but first our top line story.
Speaker 7 (02:03):
On this vote, the aser two hundred and fifteen, the
nayser two hundred and fourteen, with one answering present. The
bill is passed.
Speaker 5 (02:14):
Trump's Big, Beautiful Bill passed last week by a single vote,
two fifteen to two fourteen, and we'll advance to the Senate,
where it's expected to meet stiff opposition. Today will break
down what's in the House version of the bill and
some of the feedback we're hearing from the key players.
Asset Growth Associate clients can read all about this in
(02:35):
detail by logging into your Schwab account and going to
schwab dot com forward slash Learn. For the rest of you, well,
that's why I'm here. So let's start with the tax
provisions first. The bill makes the twenty seventeen tax cuts
passed during Trump's first term permanent. The Tax Cuts and
(02:57):
Jobs Act is set to expire at the end of
the year, which would revert us back to the rates
under the Obama administration. For those of you married folk
making under one hundred grand a year, that would be
about a three percent increase in your marginal tax rate,
and four percent for those of you all making two
hundred grand or less. Divide the income mounts in half.
(03:18):
If you're single here in Texas, that means about a
thirty two hundred dollars per household tax height next year
should those cuts expire. Also, the standard deduction, which is
slated to rise slightly to thirty thousand for joint returns instead,
would be raised higher to thirty two thousand, which amounts
(03:40):
to about another eight hundred dollars in tax savings For
most of us. There's an enhanced deduction of another four
grand for seniors.
Speaker 2 (03:48):
Next.
Speaker 5 (03:50):
The child tax credit would also be made permanent and
temporarily raised from two thousand a kid to twenty five
hundred through twenty twenty eight. This does me no good
because I ain't got kids that I know about, but
I'm happy for the rest of you as well. The
estate tax trigger is raised slightly up to an even
(04:11):
fifteen million, and like I just said, if this affects you,
I'm happy for you. No tax on tips the house
version is attached to this bill. The Senate passed their
own version last week in a rare unanimous vote, which
I tell you Trump was onto something when he campaigned
on it. In other news, I now work on tips.
(04:32):
This also includes no tax on overtime in both cases
tips and overtime. This comes with income limitations, and they're
set to expire in twenty twenty eight, which means you'll
need to elect another Republican president in twenty twenty eight.
If you want to make that permanent. Here's an eat one.
You'll be able to deduct loan interest for domestic automobiles,
(04:54):
which means I may be in the market for a
new Mustang in a couple of years. Make sure I
passed that one. A long time the way and part
of the new culture of life for Frostering. Babies born
this year through twenty twenty eight will all receive a
one thousand dollars savings account in their name. Parents will
be able to contribute five thousand a year to it
(05:15):
as well until the child turns eighteen. After that, as
we all know, the kid will simply suck you dry.
The final benefit worth mentioning is more controversial, and that
is the salt cap, which is the deduction limit for
state and local taxes. It's being raised from ten thousand
to forty thousand as in a concession to the Republican
members from haigh tax states like New York and California.
(05:39):
Before you knock it too hard, remember these vulnerable members
in blue states are the only reason Republicans have a
House majority right now in the first place, and this
measure was critical in securing their votes. It's less popular
in the Senate, and as we'll see next segment, this
may be a negotiating point during reconciliation. Now there are
a few tax increases the offsets and costs. Private foundations
(06:03):
moved from a flat tax to a tiered system based
on net assets. A similar system will be used on
college and university endowments, which I'm sure will have all
the IVS up in arms. The bill also ends green
energy tax credits that were introduced by the Inflation Creation
I mean Reduction Act, and my personal favorite, a three
(06:23):
point five percent tax on foreign cash transfers, which according
to Joe Biden, will result in higher prices in every
convenience store in the country.
Speaker 1 (06:33):
You cannot go to a seven to eleven or a
dunkin Donuts unless you have a slight Indian accent.
Speaker 3 (06:40):
It's a point I'm not talking.
Speaker 5 (06:43):
Speaker Johnson addresses this point in this exchange with Jake
the Snake Tapper over the Communist News Network.
Speaker 8 (06:49):
So there are five different independent scores of this legislation.
Every one of them says that it will increase the
deficit somewhere between three point three and four trillion dollars
over the next ten years. Now, I get you take
issue with the Congressional Budget Office and that they don't
have dynamic scoring all of this, but this is the emergency,
emerging consensus among everyone analyzing. They say, you're kicking not
(07:13):
only are you kicking the count down the road, but
you're making the problem worse.
Speaker 7 (07:16):
You're adding to the debt. Well, I think that is
dramatically overstated. And here's why everyone can those same groups
can objectively see and acknowledge that this is the largest
cut and spending in at least thirty years, and arguably
of all time. We're cutting over one point five trillion
dollars in federal spending while we check all the boxes
(07:36):
and bring about a pro growth economy, and the CBO
has been panned because, as you said, they don't do
dynamic scoring. What that means is they don't account for
the growth that will be fostered by all the policies
that are in this big piece of legislation. This is
not theoretical, Jake. Just remember the last Trump administration. After
the first two years, we brought about the greatest economy
(07:58):
and the history of the world, not just the US.
The growth was off the charts. It was an average
about three percent of growth in GDP. Why because we
cut taxes and we cut regulations. We're doing the same
thing this time around, but on steroids. This is a
much larger package, a much more robust package with all
these features that will really get the economy going because
(08:18):
wages will rise, job creators, entrepreneurs, risk takers will have
more ability to expand their businesses. US manufacturing onshore is
being incentivized. All these things will work together to make
the economy grow faster than must. Many of these projections
are putting forth, so we're not buying it. We'll see
what happens, and we have the evidence to prove it
from the past.
Speaker 5 (08:39):
Here's the comment that Speaker Johnson is referencing from Treasury
Secretary Scott Besson.
Speaker 9 (08:44):
The US does not have a revenue problem. We have
a spending problem. And I have suggested when I first
met President Trump to talk about joining his campaign two
years ago, that we need to get back to a
long term sustainable budget deficit of something with the three
(09:05):
in front of it, which works. We have two percent
nominal growth or two percent inflation projected one point eight
percent growth, which I think could be much higher if
we implement our economic policies.
Speaker 5 (09:17):
So yes, these deficits are unacceptable, but they're not going
to be fixed overnight without getting growth back to three percent.
So when we come back, we'll talk about the big
beautiful bills, chances into Senate, and what can happen during reconciliation.
Speaker 6 (09:30):
We'll be right back.
Speaker 1 (09:31):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 10 (09:39):
The power to tax is the power to disprol it.
Taxes affect your paycheck, your plans, and even your piece
of mind. But this tax season leaves the stress to us.
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(10:03):
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Speaker 11 (10:24):
Do it today. Taxes are everything, Let's make them work
for you. Are you thinking.
Speaker 10 (10:32):
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
somewhere in between, can reduce your monthly income by up
to thirty percent. That could mean thousands of dollars less
(10:56):
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
legacy for you and your loved ones. And if you
live longer than you expect, those reduced benefits might.
Speaker 6 (11:18):
Not be enough.
Speaker 11 (11:20):
But don't worry. We're here to help.
Speaker 10 (11:22):
At Asset Growth Associates specialize in creating smart strategies for
Social Security and retirement income will help you maximize your
benefits and secure your future. Call four oh nine eight
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(11:46):
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your retirement works for you, not against you, plant smarter,
retire better.
Speaker 12 (12:01):
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 nothing
or less than you owe, we can set up a
fresh start agreement with the i R S. We can
(12:24):
help you. Ladies and gentlemen can call us whole free
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Speaker 3 (12:32):
We're just trying to turn a nipple into one dime.
Speaker 4 (12:35):
That's the bottom line.
Speaker 3 (12:42):
We will move now from them. We will.
Speaker 2 (12:52):
People can't even walk a free wind that.
Speaker 5 (12:58):
Boat and we're back with that's the model line, everybody.
I'm Jeff Lewis real quick. Have you ever heard of
a risk number? Maybe you have if you listen to
us every week, but have you ever actually gone online
(13:19):
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(13:41):
toll free at eight sixty six Save my retirement. Before
the break, we were talking about Trump's big, beautiful bill.
It's past the House, but now the Senate will be
taking to build up through a process called reconciliation, which
prevents a filibuster and allows for a simple majority to
(14:02):
get this thing passed. The GOP can pass it with
this few s fifty votes, with the Vice President jd
Vance breaking any ties, and there's fifty three Republicans in
the Senate. Smooth sailing right, Not so fast. At least
two Republican senators are not on board. Both Ron Johnson
(14:24):
of Wisconsin and you probably guess this one, Rand Paul
of Kentucky are indicating dull vote no. Now, theoretically this
bill could pass without them, but that's not much margin
for error, and senators like Rick Scott of Florida and
Mike Lee of Utah have also expressed a desire for
(14:46):
deeper spending cuts, while Susan Collins in Maine forever presents
a challenge from the left. So let's look at where
the key senators stand, starting with Rand Paul.
Speaker 13 (14:59):
You know, the bigger bill, the more it includes, the
more difficult it is to get everybody to agree to things.
I supported the tax cuts in twenty seventeen. I support
making them permanent, so I support that part of the bill.
I support spending cuts. I think the cuts currently in
the bill are whimpy and anemic, but I still would
support the bill even with wimpy and anemic cuts if
they weren't going to explode the debt. The problem is
(15:22):
the math doesn't add up. They're going to explode. The
debt by the House is four trillion. The Senate's actually
been talking about exploding the debt five trillion this year.
In September, when our fiscal year ends, the deficit will
be about two point two trillion. Now, people used to
always say, the Republicans say, what's bidens, So that's Biden's
spending levels. When March, every Republican, virtually every Republican other
(15:43):
than me, voted to continue the Biden spending levels, which
are going to give us a two point two trillion
dollar deficit. Now, if you increase the debt sealing four
to five trillion dollars, that means they're planning on two
trillion this year and more than two trillion next year.
Speaker 11 (15:57):
That's just not conservative.
Speaker 13 (15:58):
So I've told them, if they strip out the debt ceiling,
I'll consider, even with the imperfections, voting for the rest
of the bill. But I can't vote to raise the
debt ceiling five trillion. There's got to be someone left
in Washington who thinks debt is wrong and deficits are wrong,
and ONTs to go in the other direction. The idea
that we're going to explode deficits and the projections are
now looking at over three trillion dollars in deficits over
(16:20):
the next ten years, I think is just, you know,
not a serious proposal.
Speaker 5 (16:24):
Okay, So it looks like rand Paul is going to
vote against anything that raises the debt ceiling. The problem
with that is the debt ceiling is going to have
to be raised regardless of any bill that gets passed,
whether it happens now or later this fall. So he's
positioning himself without much room for negotiation. I'd count on
him being a dough vote, flat out, and that brings
(16:48):
us to Ron Johnson. Here he is explaining his position
to Larry Cutlow on Fox Business.
Speaker 6 (16:55):
Well, I've been pretty consistent here. What I'm asking us
to do is to do it. Are the Greatest generation
did after World War One or after World War Two?
They returned to pre war spending levels that we need
to return to a pre pandemic spending level. I've laid
out a number of options, and look, I'm not saying
it's necessarily easy, but you have to do the work.
You have to go line by line. Dode shows us
(17:16):
how to do this line by line through the federal budget.
You take a look at total expenditures, and I've looked
at Clinton in ninety eight, Obama in twenty fourteen, Trump
in twenty nineteen. Leave social Security, Medicare, and interest alone,
but all other outlays increased by population growth and inflation
is your basic control. If you do that, your budgetould
be somewhere between five point five and six point five
(17:38):
trillion dollars, way below where we are right now in
access to seven trillion. So again, I agree with your
previous guests. We have a spending problem. I agree with
Scott Beston who said, we do have a revenue problem,
we have a spending problem. I don't want to increase
anybody's taxes. We need to reduce the size and the
scope of government. You don't defeat the deep state. That's
the reason I voted for President Trump by finding it
(18:00):
at President Biden's levels. But you have to do the work.
It's going to take time, all right.
Speaker 5 (18:05):
So Johnson's plan is to go back to a twenty
nineteen baseline pre COVID and work from there. Leave the
titlements alone like Trump wants, but work everything else line
by line, adjusting only for population increase and inflation. Prioritize
the border and defense, but at lesser numbers. Approved that
(18:28):
Trump tax cuts and increase the debt ceiling for a year,
and he thinks this will save us about one to
two trillion off the deficit. So will the GOP leadership
be able to work with Senator Johnson. Senator John Kennedy
from over next door in Louisiana seems to think so,
though less so with Rand Paul.
Speaker 14 (18:49):
I will end up passing something. I don't know what
that shopthing will look like. Senator Johnson makes some good points.
We do need to work towards spending less in this bill.
I'm not real crazy about the changes that the House made,
(19:11):
for example, to.
Speaker 12 (19:13):
The salt deduction.
Speaker 14 (19:17):
I will support reducing spending to the point that we
run out of votes. I mean, we've got to pass
a bill, and you know, some people have a greater
appetite for reducing spending. I'm one of them than others.
But we'll get it done. If I were Senator to
(19:40):
fund though, I would give us a time limit. This
can't This bill is not like wine. It doesn't get
better with age. We've got to wrap this up on
about the next sixty days, and probably the President will
have to get aloft. It won't be unanimous on our side.
Senator Paul, who I respect. Bram's not going vote for
anything ever. I mean, he's just not and so you
(20:05):
just got to throw that one away.
Speaker 5 (20:07):
Fortunately, it seems the President is ready to make deals.
As rcp's Phil Wetman explains, I think what.
Speaker 15 (20:16):
That signals when Trump says that he's willing to have
the Senate make changes is that even as the White
House has communicated that they would love to see this
thing past as is, Trump is willing to make deals,
and that's music to the ears of some of these
conservatives like Senator Ron Johnson, Even in the final stretch,
when they know that this is their last opportunity to
(20:36):
get something big done, they're not opposed to working with
Republicans to tighten it up. And maybe that means a
change to something like the salt deduction's capital.
Speaker 5 (20:44):
It looks like salt could be the negotiating point. We'll
have to see it. That doesn't jeopardized votes in the House,
We'll be right back.
Speaker 3 (20:50):
We're just trying to turn a nickel into a dime.
Speaker 4 (20:54):
That's the bottom line.
Speaker 10 (20:56):
Did you know that if your portfolio drum ups thirty
percent in a market downturn, earning back thirty percent doesn't
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(21:19):
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(21:43):
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by Retirement dot com and don't forget to listen to
our weekly show on news Talk five sixty k LVII.
Speaker 11 (22:00):
That's the bottom line.
Speaker 16 (22:04):
I want to invite our listeners to find out what
a risk number can do for them. Visit what is
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Speaker 3 (22:12):
Dot com?
Speaker 16 (22:13):
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(22:35):
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Speaker 11 (22:43):
Dot com?
Speaker 1 (22:44):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 10 (22:50):
Welcome back, ladies and gentlemen you're listening to that's the
bottom line. Your weekly broadcast on KLBI that tells it
like it is. And now it's time for today's dirty
little secret. This is Jeene Valerani reporting, Let's go down
memory lane, per sec Remember during President Trump's first term,
(23:11):
when the Democrats for calling our president Kupet's or Putin's puppet.
Putin's puppet, that's what they were calling him, while obviously
that was never the case. And while mister Putin, while
agreeing to discuss a sea spire in the Ukraine, does
(23:32):
not honor it. In fact, Putin is escalating the fighting
to take over the Ukraine. In simple terms, mister Putin
is speaking out of the both sides of his mouth
and has no intention of ending the conflict with Ukraine.
And while he says he is, keeps escalating the conflict
(23:57):
and in so doing is raising the ire of President Trump.
Vladimir Putin is, obviously, as I said, talking out of
both sides of his mound. He pretends to be willing
to cease spire, but he probably has no intention of
doing so as he continues his bombing of the Ukraine.
(24:19):
Putin appears to be trying to play President Trump for
a full on the assumption Trump will not assist Zelinsky.
In other words, Putin knows that Trump is not going
to send armed soldiers or marines into the fight to
(24:39):
protect Zelinsky. Putin knows that President Trump wants to mine
the mineral rare earth from the Ukraine because the Ukraine
has large deposits of the rare mineral in its soil.
Now Putin wants to move in and take the crane
(25:00):
under his control. And Putin probably wants the Ukraine's abundant
rare earth deposits to market this substance to the world. Now,
what exactly is rare earth? Okay, you might be asking
that question. Let me just give you a short response
to that. Rare earth elements are comprised at seventeen metallic elements,
(25:28):
including what is called lanthanites, standium, among other elements, which
make it crucial for modern technologies. It's a rare substance
spread across the Earth's trust, making it difficult and expensive
(25:48):
to abstract. Now Putin wants to take it away from
the Ukraine, and President Trump wants to mine it and
use it for American industry. That's it in a nutshell,
ladies and gentlemen, Putin is trying to play Trump for
a fool, pretending to be willing to talk peace, but
(26:10):
all the while using the time to further decimate the Ukraine,
ultimately bring it to its knees and then use the
rare earth minerals for Russia. He wants it for Russia.
Putin obviously is just playing for time by extending the
(26:31):
war for the ultimate purpose of securing the soul called
rare earth minerals. How far will President Trump go and
how far will Putin go to gain the Ukraine's rare
earth That's the real question. Nobody likes to be made
a fool of, least of all people like Putin nor
(26:54):
our own President Trump. Neither one of them want to
be made a fool out of each other their opposing sides. Now,
when we we meaning the Americans, when we peer into
the future, it's anybody. It's anybody's guests as to what's
going to happen. For his part, President Trump is not
(27:19):
a warmonger, and it would be doubtful he'd go as
far as a military engagement with the Russia. But mister
Putin seems to take what he wants, and since he's
a vicious dictator, he operates on a different plane than
President Trump does. Caught in the middle of all this
(27:41):
are the Ukrainian people, who slowly but surely have become
the victims of a Russian invasion, and that invasion is
for the takeover of their country. Now, no one knows
the future, right, we don't know the future. But what
we do know is that for centuries, penny tyrants like
(28:04):
Putin come and go while usually being beaten, but they
still before they're beaten, can cause a lot of trouble
for peaceful countries before finally being dumped into the dustin
of history, but not before, like I said, not before
(28:25):
causing a lot of problems for many innocent people. Having
just reported, what I've said is solely my opinion on
this matter, ladies and gentlemen. In other words, I'm not
transferring somebody else's thought. But what's terrible how many living
(28:46):
souls will have their lives cut short by mad men
seeking power over others. But that's just the way it is,
and it has always been. The continual battle between good
and will only end with the second coming of Jesus.
Until then, we remain the poor, banished children of Adam
(29:09):
and Eve who were escorted out of the garden of Eden.
Until then, we remain in this situation where the world grows,
goes mad, goes to war, with each other. Now, let's
hope that we're intelligent enough that we won't destroy ourselves
(29:32):
in some future nuclear holocaust and have to start all
over again. But then what do I know? And that's
probably the bottom line. I think President Trump would not
lead the US into some future war. But none of
us can speak for people like Vladimir Putin or others
(29:54):
like him. Right, you have to agree with me on
that one. To wait and see what mister Putin's really
up to. He talks like he wants peace to have
he won't participate in a cease fire. And that's where
we find ourselves. Now, listen to me, ladies and gentlemen.
(30:15):
The world's a scary place. We get into difficulties with
wars and things like that. It's going to affect the
stock market well. US Asset Growth Associates four O nine
eight four oh sixty nine hundred and let us help
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Speaker 5 (30:35):
Now.
Speaker 10 (30:36):
Don't go away, stay tuned, because we have much more
coming your way.
Speaker 3 (30:40):
We're just trying to turn anickel into a dime.
Speaker 4 (30:43):
That's the bottom line.
Speaker 11 (30:47):
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Speaker 10 (30:50):
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Speaker 5 (32:06):
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Speaker 1 (32:59):
Where's Josh try to turn ankel into a dime. That's
the bottom line.
Speaker 10 (33:05):
Welcome back, you're listening to. That's the bottom line. Your
weekly broadcast on kl the I that tells it like
it is, and as we always do at its juncture
and the program, we offer you a solution. We make
a recommendation, you might say, on one way to make
money by buying elements of the stock market without taking
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any risk and losing money in the stock market. Now,
Benjamin Franklin said a penny saved is a penny earned.
He never said a penny won by putting money in
the stock market is a penny saved. Now, we know
you make money in the stock market, but we also
know that the stock market can have a big downturn occasionally,
(33:56):
and you got to kind of start over the brokerage
industry and many financial publications. It's convinced the American people
that putting money in a Wall Street casino you bought,
as we'll say, is saving money. It's not saving money.
It's speculating. And you know you know it as well
(34:17):
as I do. There's certain risk elements with it. Now.
We we offer investments here at Asset Growth Associates, but
then again we also offer contracts that you can go
in and out of the market and just go on
a fixed interest if you want. In other words, you
can make money and you can keep the money because
(34:39):
of the market. Even if you have money aligned with
one of the one of the market indices like S
and P five hundred and others. If that goes down,
you don't lose anybody. You just keep making money. In
(35:01):
other words, when the market comes back up, you just
pick up from where you were without having to make
up for lost ground. I can't put it any more
simple than that, ladies and gentlemen. In today's world, you know,
the interest rates are low, they're traditional methods of saving
(35:22):
money almost seems fruitless at times, and many savers are
lured into taking more risk in the hope of a
good outcome. Well, you can go into the market. You
can get market linked returns without enterring market linked downturns.
(35:44):
It's no more complicated than that. Okay, because sometimes at
an occupiss event simply sparked by a comment, you know,
this can stampede market and people get scared. They want
to pull money out so before they lose too much. Now,
(36:07):
as people get older, they need that money to help
them with their living expenses in the retirement years. Okay,
So this is a solution for everyone listening to me
this morning. One way to take advantage of the present
situation is to consider placing funds inside a principal protection account,
(36:29):
like the ones we provide at Asset Growth Associates. That's
because these accounts do not lose money. They reset each year,
so there's never a gap in waiting for the market
to return, and if when interest rates go up, contract
(36:50):
holders can move their funds internally to a fixed interest.
Speaker 11 (36:56):
Now listen to me, I've told you this for years.
There's no fit.
Speaker 10 (37:00):
Plan, but depending on individual needs, some plans are just
better than others. And we think for retirement purposes, principal
protection is something that people getting ready to retire or
already retired, should consider now, why is that? Because these
(37:20):
accounts don't lose value when the market goes down. Your
account stays put. When the market goes up, you don't
have to wait to get back to where you were.
It goes right up from where you are. So listen
to me. I want you to take the time to
visit us at our office Asset Growth Associates, our Beaumont office.
(37:45):
You can reach us by Dowling four to oh nine
eight four oh sixty nine hundred. If you live in
a far away place one eight six six seven two
eight three six nine seven that's the troll free number.
And if you dial that number or the original number
four o nine eight four oh sixty nine hundred, or
(38:07):
log on to Savemyretirement dot com, you can reach us
and you will be able to will be able to
get together with you. We'll share some ideas that have
helped a lot of other people in the past. Listen,
We've been doing this for decades now. And what I'm
telling you is that in the end, and I'm not
(38:29):
being negative, but really and truly, it's not how much
money you make, it's how much you get to keep
Let me say that again, it's not how much money
you make, it's how much you get to keep that
asset growth associates, you keep everything credited to your account.
(38:50):
It's just that's simple. So write this number down four
oh nine eight four oh sixty nine hundred. Have you
live in a far world place, have toll free number
one eight six six seven two eight three six nine
seven And for you, like most people nowadays have computers
(39:12):
or cell phones, you can reach us online by symphony
logging onto savemiretirement dot com. And while you're visiting the internet,
you can listen to past shows. If that's the bottom line,
So you don't have to miss any of the any
of the commentary that comes your way on this show
(39:35):
each week. And we are happy to do it, and
we are good stewards. So if you are to call us,
you come in visit with us, we'll put a plan
together for you based on what your expectations, what your
risk profile is, and that'll be that we'll be back
(39:56):
after this.
Speaker 1 (39:58):
Where's just trying to turn nechelin that's the bottom line.
We're just trying to turn a neckel in die.
Speaker 4 (40:08):
That's the bottom line.
Speaker 5 (40:24):
Thank you for listening today to that's the bottom line
on news talk radio a M by sixty KLVI or
through our website at savemiretirement dot com. Did you miss
an episode? There is forgiveness because you can access all
of our broadcasts anytime, any day on demand online. Just
(40:46):
go to your iHeartRadio app and search for it. That's
the bottom line under the podcast app. Wanting to schedule
an appointment with us, you can contact any of us
here at Asset Growth Associates locally at four zero nine
eight four zero sixty nine hundred or toll free at
eight sixty six Save My Retirement. Our physical address in
(41:08):
Beaumont is at thirteen ninety one Calder Avenue, a block
from the intersection of MLK and Calder. Last week we
unveiled a new division at Asset Growth Associates. Do the
cost of long term care worre you? How are you
protected against the rising cost of chronic conditions? We can
help you take control of your financial future with Asset
(41:29):
Care Associates. We develop financial plans, including options that are
Medicaid compliant. Bet are designed to bring you peace of
mind for all of your long term and final expense needs.
Go online to Asset Care dot Associates to learn more
and don't forget to go to our main site, savemiretirement
(41:52):
dot com and check out our free services. There we
offer a complete breakdown of your current portfolio, offer integrated
financial planning tools, and analyze your future social security benefits.
Another website, you can check out my favorite what is
My Risk Number? Dot com? Here you can take our
(42:15):
free risk assessment. It's a great way to take control
of your financial future. We can use your risk number
to help design a portfolio that matches your risk tolerance
and return expectations. Now we're expecting good things in the
market going forward, but for some people it's time to
(42:35):
think safer. It's what Gene just talked about principal protection.
We've got investment plans that involve zero risk to your principle,
but can still deliver market linked rate rates of return.
Does that peak your interest?
Speaker 2 (42:51):
Good?
Speaker 5 (42:52):
Because here at Asset Growth Associates, we've got the experience
and name you can trust. We know how to handle
your money consistently, safely, and always with your best interest
in mind. I'm Jeff Lewis for Gene Valerani and everyone
here at Asset Growth associates. Remember that you are greatly
(43:13):
blessed and highly favored because, as always backs the bottom line.
Speaker 3 (43:21):
That's the bottom line.
Speaker 2 (43:24):
You can reach asset growth associates by calling one eight
six six seven to eight thirty six ninety seven are
by visiting savemyretirement dot com.
We're just trying to turn a necke into a time.
That's the bottom line.
Speaker 2 (00:12):
Welcome to real honest talk about money, politics, news and
information you can actually use. Buckle up and hold on tight.
This is that's the bottom line.
Speaker 3 (00:28):
The best thing the life of free. But you can
give them to the bath and.
Speaker 4 (00:33):
Be the that's the bottom.
Speaker 5 (00:47):
Good morning, everybody. This is that's the bottom line. Your
weekly radio broadcast that tells it like it is on
news talk radio A M five sixty kl v I.
We also welcome those of you tuning in on the
iHeartRadio podcast or through our website at savemiretirement dot com.
Speaker 6 (01:09):
You can call us toll.
Speaker 5 (01:10):
Free at eight sixty six Save My Retirement, or locally
at four zero nine A four zero sixty nine hundred.
I'm Jeff Lewis, an investment advisor representative at Asset Growth Associates.
We have offices located in Dallas and right here in Beaumont, Texas.
We help people just like you throughout Texas and Louisiana
(01:33):
with investment and retirement planning services. We also assist those
who may be having difficulty with the IRS. Plus, we
work with retirees on their medical insurance options as they
transition onto Medicare. Later in the show, the Great Gene
Valeranti is back with a dirty little secret, Plus what
(01:55):
about your money. We'll discuss your bottom line in our
solutions sect, but first our top line story.
Speaker 7 (02:03):
On this vote, the aser two hundred and fifteen, the
nayser two hundred and fourteen, with one answering present. The
bill is passed.
Speaker 5 (02:14):
Trump's Big, Beautiful Bill passed last week by a single vote,
two fifteen to two fourteen, and we'll advance to the Senate,
where it's expected to meet stiff opposition. Today will break
down what's in the House version of the bill and
some of the feedback we're hearing from the key players.
Asset Growth Associate clients can read all about this in
(02:35):
detail by logging into your Schwab account and going to
schwab dot com forward slash Learn. For the rest of you, well,
that's why I'm here. So let's start with the tax
provisions first. The bill makes the twenty seventeen tax cuts
passed during Trump's first term permanent. The Tax Cuts and
(02:57):
Jobs Act is set to expire at the end of
the year, which would revert us back to the rates
under the Obama administration. For those of you married folk
making under one hundred grand a year, that would be
about a three percent increase in your marginal tax rate,
and four percent for those of you all making two
hundred grand or less. Divide the income mounts in half.
(03:18):
If you're single here in Texas, that means about a
thirty two hundred dollars per household tax height next year
should those cuts expire. Also, the standard deduction, which is
slated to rise slightly to thirty thousand for joint returns instead,
would be raised higher to thirty two thousand, which amounts
(03:40):
to about another eight hundred dollars in tax savings For
most of us. There's an enhanced deduction of another four
grand for seniors.
Speaker 2 (03:48):
Next.
Speaker 5 (03:50):
The child tax credit would also be made permanent and
temporarily raised from two thousand a kid to twenty five
hundred through twenty twenty eight. This does me no good
because I ain't got kids that I know about, but
I'm happy for the rest of you as well. The
estate tax trigger is raised slightly up to an even
(04:11):
fifteen million, and like I just said, if this affects you,
I'm happy for you. No tax on tips the house
version is attached to this bill. The Senate passed their
own version last week in a rare unanimous vote, which
I tell you Trump was onto something when he campaigned
on it. In other news, I now work on tips.
(04:32):
This also includes no tax on overtime in both cases
tips and overtime. This comes with income limitations, and they're
set to expire in twenty twenty eight, which means you'll
need to elect another Republican president in twenty twenty eight.
If you want to make that permanent. Here's an eat one.
You'll be able to deduct loan interest for domestic automobiles,
(04:54):
which means I may be in the market for a
new Mustang in a couple of years. Make sure I
passed that one. A long time the way and part
of the new culture of life for Frostering. Babies born
this year through twenty twenty eight will all receive a
one thousand dollars savings account in their name. Parents will
be able to contribute five thousand a year to it
(05:15):
as well until the child turns eighteen. After that, as
we all know, the kid will simply suck you dry.
The final benefit worth mentioning is more controversial, and that
is the salt cap, which is the deduction limit for
state and local taxes. It's being raised from ten thousand
to forty thousand as in a concession to the Republican
members from haigh tax states like New York and California.
(05:39):
Before you knock it too hard, remember these vulnerable members
in blue states are the only reason Republicans have a
House majority right now in the first place, and this
measure was critical in securing their votes. It's less popular
in the Senate, and as we'll see next segment, this
may be a negotiating point during reconciliation. Now there are
a few tax increases the offsets and costs. Private foundations
(06:03):
moved from a flat tax to a tiered system based
on net assets. A similar system will be used on
college and university endowments, which I'm sure will have all
the IVS up in arms. The bill also ends green
energy tax credits that were introduced by the Inflation Creation
I mean Reduction Act, and my personal favorite, a three
(06:23):
point five percent tax on foreign cash transfers, which according
to Joe Biden, will result in higher prices in every
convenience store in the country.
Speaker 1 (06:33):
You cannot go to a seven to eleven or a
dunkin Donuts unless you have a slight Indian accent.
Speaker 3 (06:40):
It's a point I'm not talking.
Speaker 5 (06:43):
Speaker Johnson addresses this point in this exchange with Jake
the Snake Tapper over the Communist News Network.
Speaker 8 (06:49):
So there are five different independent scores of this legislation.
Every one of them says that it will increase the
deficit somewhere between three point three and four trillion dollars
over the next ten years. Now, I get you take
issue with the Congressional Budget Office and that they don't
have dynamic scoring all of this, but this is the emergency,
emerging consensus among everyone analyzing. They say, you're kicking not
(07:13):
only are you kicking the count down the road, but
you're making the problem worse.
Speaker 7 (07:16):
You're adding to the debt. Well, I think that is
dramatically overstated. And here's why everyone can those same groups
can objectively see and acknowledge that this is the largest
cut and spending in at least thirty years, and arguably
of all time. We're cutting over one point five trillion
dollars in federal spending while we check all the boxes
(07:36):
and bring about a pro growth economy, and the CBO
has been panned because, as you said, they don't do
dynamic scoring. What that means is they don't account for
the growth that will be fostered by all the policies
that are in this big piece of legislation. This is
not theoretical, Jake. Just remember the last Trump administration. After
the first two years, we brought about the greatest economy
(07:58):
and the history of the world, not just the US.
The growth was off the charts. It was an average
about three percent of growth in GDP. Why because we
cut taxes and we cut regulations. We're doing the same
thing this time around, but on steroids. This is a
much larger package, a much more robust package with all
these features that will really get the economy going because
(08:18):
wages will rise, job creators, entrepreneurs, risk takers will have
more ability to expand their businesses. US manufacturing onshore is
being incentivized. All these things will work together to make
the economy grow faster than must. Many of these projections
are putting forth, so we're not buying it. We'll see
what happens, and we have the evidence to prove it
from the past.
Speaker 5 (08:39):
Here's the comment that Speaker Johnson is referencing from Treasury
Secretary Scott Besson.
Speaker 9 (08:44):
The US does not have a revenue problem. We have
a spending problem. And I have suggested when I first
met President Trump to talk about joining his campaign two
years ago, that we need to get back to a
long term sustainable budget deficit of something with the three
(09:05):
in front of it, which works. We have two percent
nominal growth or two percent inflation projected one point eight
percent growth, which I think could be much higher if
we implement our economic policies.
Speaker 5 (09:17):
So yes, these deficits are unacceptable, but they're not going
to be fixed overnight without getting growth back to three percent.
So when we come back, we'll talk about the big
beautiful bills, chances into Senate, and what can happen during reconciliation.
Speaker 6 (09:30):
We'll be right back.
Speaker 1 (09:31):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 10 (09:39):
The power to tax is the power to disprol it.
Taxes affect your paycheck, your plans, and even your piece
of mind. But this tax season leaves the stress to us.
This is gene Vaaleraniut Asset Growth Associates. We make filing
income tax returns simple, accurate, and stress free. If you're
(10:03):
fifty year older, you could qualify for a low price
of ninety nine dollars to file your return. So when
it comes to your taxes, every detail matters, every time.
Call us four oh nine eighty four oh sixty nine
hundred er visit save my retirement dot com.
Speaker 11 (10:24):
Do it today. Taxes are everything, Let's make them work
for you. Are you thinking.
Speaker 10 (10:32):
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
somewhere in between, can reduce your monthly income by up
to thirty percent. That could mean thousands of dollars less
(10:56):
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
legacy for you and your loved ones. And if you
live longer than you expect, those reduced benefits might.
Speaker 6 (11:18):
Not be enough.
Speaker 11 (11:20):
But don't worry. We're here to help.
Speaker 10 (11:22):
At Asset Growth Associates specialize in creating smart strategies for
Social Security and retirement income will help you maximize your
benefits and secure your future. Call four oh nine eight
four sixty nine one hundred today or visit savemyretirement dot
(11:46):
com for your free social security analysis. Let's make sure
your retirement works for you, not against you, plant smarter,
retire better.
Speaker 12 (12:01):
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 nothing
or less than you owe, we can set up a
fresh start agreement with the i R S. We can
(12:24):
help you. Ladies and gentlemen can call us whole free
at one eight six six seven two eight three six
nine seven.
Speaker 3 (12:32):
We're just trying to turn a nipple into one dime.
Speaker 4 (12:35):
That's the bottom line.
Speaker 3 (12:42):
We will move now from them. We will.
Speaker 2 (12:52):
People can't even walk a free wind that.
Speaker 5 (12:58):
Boat and we're back with that's the model line, everybody.
I'm Jeff Lewis real quick. Have you ever heard of
a risk number? Maybe you have if you listen to
us every week, but have you ever actually gone online
(13:19):
and gotten yours. It's a great way to figure out
what's suitable for your investment strategies. It's totally free, a
state of the art risk assessment that will help you
reach your retirement goals. Just go to what is My
Risk Number dot com and click the link and when
you're ready, call our team here at Asset Growth Associates
(13:41):
toll free at eight sixty six Save my retirement. Before
the break, we were talking about Trump's big, beautiful bill.
It's past the House, but now the Senate will be
taking to build up through a process called reconciliation, which
prevents a filibuster and allows for a simple majority to
(14:02):
get this thing passed. The GOP can pass it with
this few s fifty votes, with the Vice President jd
Vance breaking any ties, and there's fifty three Republicans in
the Senate. Smooth sailing right, Not so fast. At least
two Republican senators are not on board. Both Ron Johnson
(14:24):
of Wisconsin and you probably guess this one, Rand Paul
of Kentucky are indicating dull vote no. Now, theoretically this
bill could pass without them, but that's not much margin
for error, and senators like Rick Scott of Florida and
Mike Lee of Utah have also expressed a desire for
(14:46):
deeper spending cuts, while Susan Collins in Maine forever presents
a challenge from the left. So let's look at where
the key senators stand, starting with Rand Paul.
Speaker 13 (14:59):
You know, the bigger bill, the more it includes, the
more difficult it is to get everybody to agree to things.
I supported the tax cuts in twenty seventeen. I support
making them permanent, so I support that part of the bill.
I support spending cuts. I think the cuts currently in
the bill are whimpy and anemic, but I still would
support the bill even with wimpy and anemic cuts if
they weren't going to explode the debt. The problem is
(15:22):
the math doesn't add up. They're going to explode. The
debt by the House is four trillion. The Senate's actually
been talking about exploding the debt five trillion this year.
In September, when our fiscal year ends, the deficit will
be about two point two trillion. Now, people used to
always say, the Republicans say, what's bidens, So that's Biden's
spending levels. When March, every Republican, virtually every Republican other
(15:43):
than me, voted to continue the Biden spending levels, which
are going to give us a two point two trillion
dollar deficit. Now, if you increase the debt sealing four
to five trillion dollars, that means they're planning on two
trillion this year and more than two trillion next year.
Speaker 11 (15:57):
That's just not conservative.
Speaker 13 (15:58):
So I've told them, if they strip out the debt ceiling,
I'll consider, even with the imperfections, voting for the rest
of the bill. But I can't vote to raise the
debt ceiling five trillion. There's got to be someone left
in Washington who thinks debt is wrong and deficits are wrong,
and ONTs to go in the other direction. The idea
that we're going to explode deficits and the projections are
now looking at over three trillion dollars in deficits over
(16:20):
the next ten years, I think is just, you know,
not a serious proposal.
Speaker 5 (16:24):
Okay, So it looks like rand Paul is going to
vote against anything that raises the debt ceiling. The problem
with that is the debt ceiling is going to have
to be raised regardless of any bill that gets passed,
whether it happens now or later this fall. So he's
positioning himself without much room for negotiation. I'd count on
him being a dough vote, flat out, and that brings
(16:48):
us to Ron Johnson. Here he is explaining his position
to Larry Cutlow on Fox Business.
Speaker 6 (16:55):
Well, I've been pretty consistent here. What I'm asking us
to do is to do it. Are the Greatest generation
did after World War One or after World War Two?
They returned to pre war spending levels that we need
to return to a pre pandemic spending level. I've laid
out a number of options, and look, I'm not saying
it's necessarily easy, but you have to do the work.
You have to go line by line. Dode shows us
(17:16):
how to do this line by line through the federal budget.
You take a look at total expenditures, and I've looked
at Clinton in ninety eight, Obama in twenty fourteen, Trump
in twenty nineteen. Leave social Security, Medicare, and interest alone,
but all other outlays increased by population growth and inflation
is your basic control. If you do that, your budgetould
be somewhere between five point five and six point five
(17:38):
trillion dollars, way below where we are right now in
access to seven trillion. So again, I agree with your
previous guests. We have a spending problem. I agree with
Scott Beston who said, we do have a revenue problem,
we have a spending problem. I don't want to increase
anybody's taxes. We need to reduce the size and the
scope of government. You don't defeat the deep state. That's
the reason I voted for President Trump by finding it
(18:00):
at President Biden's levels. But you have to do the work.
It's going to take time, all right.
Speaker 5 (18:05):
So Johnson's plan is to go back to a twenty
nineteen baseline pre COVID and work from there. Leave the
titlements alone like Trump wants, but work everything else line
by line, adjusting only for population increase and inflation. Prioritize
the border and defense, but at lesser numbers. Approved that
(18:28):
Trump tax cuts and increase the debt ceiling for a year,
and he thinks this will save us about one to
two trillion off the deficit. So will the GOP leadership
be able to work with Senator Johnson. Senator John Kennedy
from over next door in Louisiana seems to think so,
though less so with Rand Paul.
Speaker 14 (18:49):
I will end up passing something. I don't know what
that shopthing will look like. Senator Johnson makes some good points.
We do need to work towards spending less in this bill.
I'm not real crazy about the changes that the House made,
(19:11):
for example, to.
Speaker 12 (19:13):
The salt deduction.
Speaker 14 (19:17):
I will support reducing spending to the point that we
run out of votes. I mean, we've got to pass
a bill, and you know, some people have a greater
appetite for reducing spending. I'm one of them than others.
But we'll get it done. If I were Senator to
(19:40):
fund though, I would give us a time limit. This
can't This bill is not like wine. It doesn't get
better with age. We've got to wrap this up on
about the next sixty days, and probably the President will
have to get aloft. It won't be unanimous on our side.
Senator Paul, who I respect. Bram's not going vote for
anything ever. I mean, he's just not and so you
(20:05):
just got to throw that one away.
Speaker 5 (20:07):
Fortunately, it seems the President is ready to make deals.
As rcp's Phil Wetman explains, I think what.
Speaker 15 (20:16):
That signals when Trump says that he's willing to have
the Senate make changes is that even as the White
House has communicated that they would love to see this
thing past as is, Trump is willing to make deals,
and that's music to the ears of some of these
conservatives like Senator Ron Johnson, Even in the final stretch,
when they know that this is their last opportunity to
(20:36):
get something big done, they're not opposed to working with
Republicans to tighten it up. And maybe that means a
change to something like the salt deduction's capital.
Speaker 5 (20:44):
It looks like salt could be the negotiating point. We'll
have to see it. That doesn't jeopardized votes in the House,
We'll be right back.
Speaker 3 (20:50):
We're just trying to turn a nickel into a dime.
Speaker 4 (20:54):
That's the bottom line.
Speaker 10 (20:56):
Did you know that if your portfolio drum ups thirty
percent in a market downturn, earning back thirty percent doesn't
get you back to even That's right, It actually takes
a forty three percent return just to recover your losses.
Most investors don't realize how steep the climb is after
(21:19):
a major drug that Asset Growth Associates, we believe your
retirement shouldn't be left to chance. Our principal protection strategies
can help you avoid devastating losses while still participating in
market link games. Don't let another downturn, white years of growth.
I'll call us now four O nine eight our oh
(21:43):
sixty nine hundred. That's four O nine eight four oh
sixty nine one hundred. Or visit us online at Save
by Retirement dot com and don't forget to listen to
our weekly show on news Talk five sixty k LVII.
Speaker 11 (22:00):
That's the bottom line.
Speaker 16 (22:04):
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 (22:12):
Dot com?
Speaker 16 (22:13):
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
for free. Visit what is my Risk Number dot com?
Now to take control of your investments and make them
do what you want them to do with a very
(22:35):
high degree of certainty. That is what is my risk number?
Dot com? Again, what is my risk number?
Speaker 11 (22:43):
Dot com?
Speaker 1 (22:44):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 10 (22:50):
Welcome back, ladies and gentlemen you're listening to that's the
bottom line. Your weekly broadcast on KLBI that tells it
like it is. And now it's time for today's dirty
little secret. This is Jeene Valerani reporting, Let's go down
memory lane, per sec Remember during President Trump's first term,
(23:11):
when the Democrats for calling our president Kupet's or Putin's puppet.
Putin's puppet, that's what they were calling him, while obviously
that was never the case. And while mister Putin, while
agreeing to discuss a sea spire in the Ukraine, does
(23:32):
not honor it. In fact, Putin is escalating the fighting
to take over the Ukraine. In simple terms, mister Putin
is speaking out of the both sides of his mouth
and has no intention of ending the conflict with Ukraine.
And while he says he is, keeps escalating the conflict
(23:57):
and in so doing is raising the ire of President Trump.
Vladimir Putin is, obviously, as I said, talking out of
both sides of his mound. He pretends to be willing
to cease spire, but he probably has no intention of
doing so as he continues his bombing of the Ukraine.
(24:19):
Putin appears to be trying to play President Trump for
a full on the assumption Trump will not assist Zelinsky.
In other words, Putin knows that Trump is not going
to send armed soldiers or marines into the fight to
(24:39):
protect Zelinsky. Putin knows that President Trump wants to mine
the mineral rare earth from the Ukraine because the Ukraine
has large deposits of the rare mineral in its soil.
Now Putin wants to move in and take the crane
(25:00):
under his control. And Putin probably wants the Ukraine's abundant
rare earth deposits to market this substance to the world. Now,
what exactly is rare earth? Okay, you might be asking
that question. Let me just give you a short response
to that. Rare earth elements are comprised at seventeen metallic elements,
(25:28):
including what is called lanthanites, standium, among other elements, which
make it crucial for modern technologies. It's a rare substance
spread across the Earth's trust, making it difficult and expensive
(25:48):
to abstract. Now Putin wants to take it away from
the Ukraine, and President Trump wants to mine it and
use it for American industry. That's it in a nutshell,
ladies and gentlemen, Putin is trying to play Trump for
a fool, pretending to be willing to talk peace, but
(26:10):
all the while using the time to further decimate the Ukraine,
ultimately bring it to its knees and then use the
rare earth minerals for Russia. He wants it for Russia.
Putin obviously is just playing for time by extending the
(26:31):
war for the ultimate purpose of securing the soul called
rare earth minerals. How far will President Trump go and
how far will Putin go to gain the Ukraine's rare
earth That's the real question. Nobody likes to be made
a fool of, least of all people like Putin nor
(26:54):
our own President Trump. Neither one of them want to
be made a fool out of each other their opposing sides. Now,
when we we meaning the Americans, when we peer into
the future, it's anybody. It's anybody's guests as to what's
going to happen. For his part, President Trump is not
(27:19):
a warmonger, and it would be doubtful he'd go as
far as a military engagement with the Russia. But mister
Putin seems to take what he wants, and since he's
a vicious dictator, he operates on a different plane than
President Trump does. Caught in the middle of all this
(27:41):
are the Ukrainian people, who slowly but surely have become
the victims of a Russian invasion, and that invasion is
for the takeover of their country. Now, no one knows
the future, right, we don't know the future. But what
we do know is that for centuries, penny tyrants like
(28:04):
Putin come and go while usually being beaten, but they
still before they're beaten, can cause a lot of trouble
for peaceful countries before finally being dumped into the dustin
of history, but not before, like I said, not before
(28:25):
causing a lot of problems for many innocent people. Having
just reported, what I've said is solely my opinion on
this matter, ladies and gentlemen. In other words, I'm not
transferring somebody else's thought. But what's terrible how many living
(28:46):
souls will have their lives cut short by mad men
seeking power over others. But that's just the way it is,
and it has always been. The continual battle between good
and will only end with the second coming of Jesus.
Until then, we remain the poor, banished children of Adam
(29:09):
and Eve who were escorted out of the garden of Eden.
Until then, we remain in this situation where the world grows,
goes mad, goes to war, with each other. Now, let's
hope that we're intelligent enough that we won't destroy ourselves
(29:32):
in some future nuclear holocaust and have to start all
over again. But then what do I know? And that's
probably the bottom line. I think President Trump would not
lead the US into some future war. But none of
us can speak for people like Vladimir Putin or others
(29:54):
like him. Right, you have to agree with me on
that one. To wait and see what mister Putin's really
up to. He talks like he wants peace to have
he won't participate in a cease fire. And that's where
we find ourselves. Now, listen to me, ladies and gentlemen.
(30:15):
The world's a scary place. We get into difficulties with
wars and things like that. It's going to affect the
stock market well. US Asset Growth Associates four O nine
eight four oh sixty nine hundred and let us help
you simplify your financial life.
Speaker 5 (30:35):
Now.
Speaker 10 (30:36):
Don't go away, stay tuned, because we have much more
coming your way.
Speaker 3 (30:40):
We're just trying to turn anickel into a dime.
Speaker 4 (30:43):
That's the bottom line.
Speaker 11 (30:47):
Finding your financial future.
Speaker 10 (30:50):
Taxes can be one of your biggest expenses in retirement,
but they don't have to be. With the tax efficient
distribution plan, you can keep more of what you've worked
so hard to say.
Speaker 11 (31:05):
Here's how it works.
Speaker 10 (31:07):
We help you strategically withdraw from your accounts to reduce
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
(31:32):
income steady. Take control of your financial future. Let's make
your money last longer and work smarter for you. Call
four oh nine eight four h sixty nine hundred today
or visit savemretirement dot com to schedule your free consultation.
(31:52):
Your investment deserves a plan as unique as your goals.
Smart investments, Smart times strategies.
Speaker 5 (32:06):
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 the
(32:30):
market goes up, no market losses, market leaked gains, peace
of mind. Don't leave your future to chance. 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, grow with confidence. Call
(32:51):
now four o nine eight four zero sixty nine hundred
or visit us at savemiretirement dot com.
Speaker 1 (32:59):
Where's Josh try to turn ankel into a dime. That's
the bottom line.
Speaker 10 (33:05):
Welcome back, you're listening to. That's the bottom line. Your
weekly broadcast on kl the I that tells it like
it is, and as we always do at its juncture
and the program, we offer you a solution. We make
a recommendation, you might say, on one way to make
money by buying elements of the stock market without taking
(33:30):
any risk and losing money in the stock market. Now,
Benjamin Franklin said a penny saved is a penny earned.
He never said a penny won by putting money in
the stock market is a penny saved. Now, we know
you make money in the stock market, but we also
know that the stock market can have a big downturn occasionally,
(33:56):
and you got to kind of start over the brokerage
industry and many financial publications. It's convinced the American people
that putting money in a Wall Street casino you bought,
as we'll say, is saving money. It's not saving money.
It's speculating. And you know you know it as well
(34:17):
as I do. There's certain risk elements with it. Now.
We we offer investments here at Asset Growth Associates, but
then again we also offer contracts that you can go
in and out of the market and just go on
a fixed interest if you want. In other words, you
can make money and you can keep the money because
(34:39):
of the market. Even if you have money aligned with
one of the one of the market indices like S
and P five hundred and others. If that goes down,
you don't lose anybody. You just keep making money. In
(35:01):
other words, when the market comes back up, you just
pick up from where you were without having to make
up for lost ground. I can't put it any more
simple than that, ladies and gentlemen. In today's world, you know,
the interest rates are low, they're traditional methods of saving
(35:22):
money almost seems fruitless at times, and many savers are
lured into taking more risk in the hope of a
good outcome. Well, you can go into the market. You
can get market linked returns without enterring market linked downturns.
(35:44):
It's no more complicated than that. Okay, because sometimes at
an occupiss event simply sparked by a comment, you know,
this can stampede market and people get scared. They want
to pull money out so before they lose too much. Now,
(36:07):
as people get older, they need that money to help
them with their living expenses in the retirement years. Okay,
So this is a solution for everyone listening to me
this morning. One way to take advantage of the present
situation is to consider placing funds inside a principal protection account,
(36:29):
like the ones we provide at Asset Growth Associates. That's
because these accounts do not lose money. They reset each year,
so there's never a gap in waiting for the market
to return, and if when interest rates go up, contract
(36:50):
holders can move their funds internally to a fixed interest.
Speaker 11 (36:56):
Now listen to me, I've told you this for years.
There's no fit.
Speaker 10 (37:00):
Plan, but depending on individual needs, some plans are just
better than others. And we think for retirement purposes, principal
protection is something that people getting ready to retire or
already retired, should consider now, why is that? Because these
(37:20):
accounts don't lose value when the market goes down. Your
account stays put. When the market goes up, you don't
have to wait to get back to where you were.
It goes right up from where you are. So listen
to me. I want you to take the time to
visit us at our office Asset Growth Associates, our Beaumont office.
(37:45):
You can reach us by Dowling four to oh nine
eight four oh sixty nine hundred. If you live in
a far away place one eight six six seven two
eight three six nine seven that's the troll free number.
And if you dial that number or the original number
four o nine eight four oh sixty nine hundred, or
(38:07):
log on to Savemyretirement dot com, you can reach us
and you will be able to will be able to
get together with you. We'll share some ideas that have
helped a lot of other people in the past. Listen,
We've been doing this for decades now. And what I'm
telling you is that in the end, and I'm not
(38:29):
being negative, but really and truly, it's not how much
money you make, it's how much you get to keep
Let me say that again, it's not how much money
you make, it's how much you get to keep that
asset growth associates, you keep everything credited to your account.
(38:50):
It's just that's simple. So write this number down four
oh nine eight four oh sixty nine hundred. Have you
live in a far world place, have toll free number
one eight six six seven two eight three six nine
seven And for you, like most people nowadays have computers
(39:12):
or cell phones, you can reach us online by symphony
logging onto savemiretirement dot com. And while you're visiting the internet,
you can listen to past shows. If that's the bottom line,
So you don't have to miss any of the any
of the commentary that comes your way on this show
(39:35):
each week. And we are happy to do it, and
we are good stewards. So if you are to call us,
you come in visit with us, we'll put a plan
together for you based on what your expectations, what your
risk profile is, and that'll be that we'll be back
(39:56):
after this.
Speaker 1 (39:58):
Where's just trying to turn nechelin that's the bottom line.
We're just trying to turn a neckel in die.
Speaker 4 (40:08):
That's the bottom line.
Speaker 5 (40:24):
Thank you for listening today to that's the bottom line
on news talk radio a M by sixty KLVI or
through our website at savemiretirement dot com. Did you miss
an episode? There is forgiveness because you can access all
of our broadcasts anytime, any day on demand online. Just
(40:46):
go to your iHeartRadio app and search for it. That's
the bottom line under the podcast app. Wanting to schedule
an appointment with us, you can contact any of us
here at Asset Growth Associates locally at four zero nine
eight four zero sixty nine hundred or toll free at
eight sixty six Save My Retirement. Our physical address in
(41:08):
Beaumont is at thirteen ninety one Calder Avenue, a block
from the intersection of MLK and Calder. Last week we
unveiled a new division at Asset Growth Associates. Do the
cost of long term care worre you? How are you
protected against the rising cost of chronic conditions? We can
help you take control of your financial future with Asset
(41:29):
Care Associates. We develop financial plans, including options that are
Medicaid compliant. Bet are designed to bring you peace of
mind for all of your long term and final expense needs.
Go online to Asset Care dot Associates to learn more
and don't forget to go to our main site, savemiretirement
(41:52):
dot com and check out our free services. There we
offer a complete breakdown of your current portfolio, offer integrated
financial planning tools, and analyze your future social security benefits.
Another website, you can check out my favorite what is
My Risk Number? Dot com? Here you can take our
(42:15):
free risk assessment. It's a great way to take control
of your financial future. We can use your risk number
to help design a portfolio that matches your risk tolerance
and return expectations. Now we're expecting good things in the
market going forward, but for some people it's time to
(42:35):
think safer. It's what Gene just talked about principal protection.
We've got investment plans that involve zero risk to your principle,
but can still deliver market linked rate rates of return.
Does that peak your interest?
Speaker 2 (42:51):
Good?
Speaker 5 (42:52):
Because here at Asset Growth Associates, we've got the experience
and name you can trust. We know how to handle
your money consistently, safely, and always with your best interest
in mind. I'm Jeff Lewis for Gene Valerani and everyone
here at Asset Growth associates. Remember that you are greatly
(43:13):
blessed and highly favored because, as always backs the bottom line.
Speaker 3 (43:21):
That's the bottom line.
Speaker 2 (43:24):
You can reach asset growth associates by calling one eight
six six seven to eight thirty six ninety seven are
by visiting savemyretirement dot com.
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