October 10, 2025 • 41 mins
- If you have any questions please contact Asset Growth Associates Tax & Retirement Advisors located at 1391 Calder Avenue in Beaumont. You can also email info@savemyretirement.com or phone (409) 840-6900.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Are you exposed to unnecessary risk in your investment portfolio?
Introducing the current Portfolio risk Analysis, a powerful evaluation tool
that's part of our proprietary Achieving Alpha platform. Here's how
it works. We compare your current portfolio with an achieving
Alpha portfolio. In seconds. You'll see the unnecessary risk. But
(00:23):
that's not all. We calculate your portfolios risk to reward
ratio and show you how the achieving Alpha portfolio can
lower volatility while keeping your income strong. Protect what you've built,
and discover how resilient your money really is. Asset Growth
Associates Alpha Achieved Call Asset Growth Associates at four O
(00:43):
nine eight four zero sixty nine hundred or visit Savemretirement
dot com to schedule your portfolio review today. That's four
O nine eight four zero sixty nine hundred or visit
Savemretirement dot com. Asset Growth Associates Wealth Advisors is a
registered investment advisor in the state of Texas.
Speaker 2 (01:02):
We're just trying to turn a necklin do what dime.
That's the bottom line. Welcome to real, honest talk about money, politics,
news and information you can actually use.
Speaker 3 (01:21):
Buggle up and hold on tight.
Speaker 2 (01:23):
This is that's the bottom line.
Speaker 4 (01:29):
The best thing they live up.
Speaker 5 (01:33):
But you can give them to the bath and be the.
Speaker 6 (01:42):
That's good morning, everybody. This is that's the bottom line.
I'm your host Jeff Lewis of Asset Bird Associates along
with Jean Valerani Banks for Spinning Part. If you're a
weekend with us, our top line story this week is
(02:03):
the breaking news of a peace deal being reached the
Middle East, with Hamas agreeing to the release of the
remaining hostages. On the week of the second anniversary of
the October seven attacks. The President is close to fulfilling
yet another campaign promise the peaceful conclusion of the Israeli
Hamas war. Now, this is just phase one of the
deal and all this is still unfolding as we speak
(02:25):
this weekend, so we won't be able to bring you
the full coverage of this momentous event until the next
week's show. That said, we need to talk about money
this week because it's looking like foreign policy and politics
will dominate the news for a while. So for today,
I want to talk instead about the subject of affordability.
Everything everywhere, it's more expensive since the start of the
(02:46):
Biden administration almost five years ago, and although inflation has
leveled out some since Trump was elected back to the
White House, it hasn't totally disappeared no or will it.
And like we said before on this program, it's completely
unreasonable to assume that prices will ever go back down.
The inflation that has already happened is here to stay.
(03:07):
And I don't care who tells you what. That's not
the way the economy works. The actual reduction of prices,
what we call deflation, is historically a statistical Anominally, the
way you combat inflation is by growing the economy and
thereby increasing incomes to meet and surpass the new price
points that are already established. That's what Trump was so
(03:29):
successful with in his first term, growing the economy with
low levels of inflation. It's no exaggeration that Trump was
handed a hot mess where it comes through the economy.
The Bureau of Labor Statistics overcounted a million new jobs
in the last year of the Biden administration, and we
experienced well over thirty percent cumblic of inflation over the
(03:49):
course of the Joe Biden puppet presidency. Trump's tariffts are
designed to make the economics of domestic production work again,
as this panelist on Thought's Business explains, on the personal level,
our tariff policy makes sense when it comes to refocusing
our purchasing decisions back towards domestic products.
Speaker 7 (04:08):
This is like, you know, I'm in the first year
of my administration. I had to really crack some skulls
to get some things done here. The situation I was
handed before was pretty awful, and so working our way
out of this is going to take a little time.
And you brought up the kitchen cabinets. I recently did
a project where I needed kitchen cabinets and the order
was placed before the tariffs, and the cabinets were purchased
(04:30):
from Europe. But I can tell you they were very expensive.
And if I was doing it again and there was
a thirty percent tariff on kitchen cabinets, you better believe
I would have found a way to make it happen
domestically to save money. And I think there's a big,
you know, segment of the population on these little aspects, Brian,
where we're going to see tariffs come into play that
are going to shift their purchasing patterns. And this isn't
(04:52):
like a car like I can't necessarily get the all
American car that is made.
Speaker 6 (04:56):
There are cabinet producers, furniture producers.
Speaker 7 (04:58):
I believe it was Laurens, and he just did a great.
Speaker 6 (05:00):
Report on that.
Speaker 7 (05:01):
If people seek them out, the product is here, and
it's here for the taking, and it will be cheaper.
And I think once you start to see that kind
of thing trickle into the economy as well, and the
manufacturing aspect of it, I think things will boom.
Speaker 6 (05:14):
It's perfectly reasonable to be optimistic on this front. And
the market sure is. We almost had four percent growth
in the second quarter, and it's looking like third quarter
growth will be in line with that, and that's good,
but that's not the whole story. It's not just goods
that affect your household budget. It's also services, and ten
(05:35):
to twenty percent of your expenditures go towards healthcare services,
insurance premiums, code pays out of pocket limits. There's a
good reason that the Democrats chose this particular issue as
the reason they claim is why they shut down the
government because it is an important issue, and Democrats love
to run ads showing the Republicans pushing grama off cliff
(05:58):
facing point. You're Senator Chuck Schumer dumping this load of crap.
Speaker 8 (06:03):
So now we're in a government shutdown, and you may
be asking yourself, how the hell.
Speaker 4 (06:08):
Did we get here?
Speaker 8 (06:10):
Donald Trump and the Republican Party are held bent on
taking healthcare away from sixty million people, closing community clinics,
rural hospitals, nursing homes. Also, they can keep giving tax
breaks to their billionaire friends.
Speaker 4 (06:25):
It's a disgrace.
Speaker 8 (06:26):
So Democrats have three words for this.
Speaker 6 (06:29):
No way, Yeah, except it's not Republicans taking health care
away from people. Democrats do that and then they lie
about it. Remember this little jim.
Speaker 8 (06:41):
If you like the plan you have, you can keep it.
If you like the doctor you have, you can keep
your doctor too.
Speaker 6 (06:47):
Fifteen years ago, Democrats passed Obamacare, what was deceptively termed
the Affordable Care Act. We're still paying the price for
that mistake. Today millions of Americans lost their plans, and
if you were onto the healthcare exchange, you already know
how bad it is. Myself included, you're paying triple to
premium or worse for reduced coverage and less access to providers.
(07:11):
The whole premise of this idea was the idea we
had to cover people who didn't have access to coverage.
But there already was a policy for the unensurable risk. Well,
at the state level, you could already get subsidized insurance
through the state if you didn't have access to group
coverage and you had uninsurable conditions. Now your own state
(07:33):
legislature in Austin is screening you all over again. Now
instead of jacking with medical insurance for people of working age,
the bone heads in our state capital are about to
mess up Medicare, particularly for those of you with Medicare supplements.
What people don't understand is how the deterioration of the
quality of insurance for people during their working years is
(07:54):
having a negative impact on the senior healthcare market. For
those of you on Medicare, you already know what I'm
talking about. You're seeing double digit rate increases in healthcare
premiums on an annual basis. One reason is because more
and more people in their sixties are waiting until they're
on a Medicare to have more expensive procedures done because
(08:15):
it's simply more affordable to do it there than on
their existing insurance. That's forcing carriers to pay out more
claims earlier than they have historically, and that drives up
premants for all seniors. Add in other factors like wighs,
fraud and abuse guests who ultimately pays the bill for
that right, my parents, my grandma, your average ordinary Americans.
(08:37):
But the bulk of our rising costs related to healthcare
comes from government policy, bad policies like paying for the
healthcare of non citizens with our taxpayer dollars. Our healthcare
system isn't really a free market. Medical insurance companies, particularly
those dealing with Medicare, don't actually determine their own prices
(08:58):
per se, are largely influenced by state regulatory agencies and
by funding for mandates from those agencies in conjunction with
the federal government. So you have every reason to get
ticked off about your rate increases this year, but get
mad at the right people. It's easy to blame insurance
companies because they write to policies, but most insurance companies
(09:22):
make less than a three percent profit margin. Instead, get
mad at your elected representatives in Austin. It's their legislation
and bureaucratic regulations that make you pay more every year,
at their every fricking year. This week, I had a
conversation with Andrew Sall, who is an expert in the
medicare supplement industry, and we talked about some of these
(09:44):
factors that are driving up your healthcare cost, including recent
legislation that impacts seniors right here in Texas. You can't
afford to miss this interw Stay tuned. We'll be right
here after the break.
Speaker 2 (09:57):
We're just trying to turn ankel into die. That's the
bottom line.
Speaker 1 (10:04):
If you own a variable annuity, you could be losing
thousands of dollars every year without even knowing it. At
Asset Growth Associates Wealth Advisors, we specialize in identifying and
eliminating hidden fees. Our comprehensive fee analysis provides you with
a personalized report that highlights potential savings you may not
(10:25):
have been aware of. Imagine this detailed reports delivered straight
to your inbox with visual insights into how fees can
impact your retirement that have smart comparisons between your current
annuities and lower cost alternatives. Visit savemiretirement dot com and
find the special offer for the free variable annuity fee
(10:48):
analysis that's savemy retirement dot Com. Past performance is no
indication of future results. Asset Growth Associates Wealth Advisors is
a registered investment advisor in the state of Texas.
Speaker 3 (11:02):
The stock market doesn't care about your retirement plans. This
is Gene Valeranti of Asset Growth Associates. What is principal protection?
When you're investing in the stock market, you're risking your
principle and your rate of return if any, in the
hope that you will have a rate of return. With
(11:24):
principal protection, you stop risking your principle and you are
only risking your rate of return. When you make money
in a principal protection account, you get to keep the money.
Give us a call today at Asset Growth Associates at
one eight six six seven two eight three six nine seven.
An easy way to remember that is one eight six
(11:45):
six Save my Retirement. You can also reach us locally
by calling four to oh nine eight four oh sixty
nine hundred or by visiting savemretirement dot com. You will
be glad that you did.
Speaker 1 (12:05):
At Asset Growth Associates Wealth Advisors, We've always believed that
smarter tools lead to smarter financial decisions. That's why we've
invested in our most powerful client service platform yet, our
proprietary Achieving Alpha Dashboard. This cutting edge system gives us
command of ninety nine covered call ETF strategies, including the
(12:29):
High Yield Yield MAC series, with performance tracking, back testing
and portfolio modeling that's second to none. What does that
mean for you? It means clearer insights, smarter income strategies,
and personalized recommendations you can actually understand, delivered in a beautiful,
client ready report. Whether you're looking to grow your income,
(12:53):
protect your principle, or make sense of the markets. This
dashboard helps us do more for you. Call Asset Growth
Associates today at four oh nine eight four zero sixty
nine hundred and schedule your complementary portfolio review. That's four
oh nine eight four zero sixty nine hundred, or you
(13:14):
can visit Savemyretirement dot com to find out more Asset
Growth Associates. Your path to financial freedom starts here. Past
performance is no indication of future results. Asset Growth Associates
Wealth Advisors is a registered investment advisor in the state
of Texas.
Speaker 4 (13:35):
We're just trying to turn a nickel in to what dime.
Speaker 5 (13:38):
That's the bottom line.
Speaker 6 (14:09):
We're back with. That's the bottom line. I'm Jeff Lewis.
It's bad enough when democrats in Washington screws over like
they did with Obamacare. But what about the UNI party
that exists within the Texas legislature expanding Medicare with artificial
price controls with bipartisan support. I'm joined now by Andrew Sall,
(14:29):
a leading expert on the Medicare supplement industry. Andrew, thanks
for joining us today.
Speaker 9 (14:34):
Yeah, you're welcome, brother, I'm super excited to be here.
Speaker 6 (14:37):
So I've been speaking with clients lately who have been
experiencing historically high rating increases on their Medicare supplements over
fifteen percent or more depending on the company. How does
that relate to the legislation that just got past here
in Texas.
Speaker 9 (14:50):
Yeah, so good question. So earlier this year a bill
came before the House. It's the House Built two five
one six if you want to look it up. Essentially,
what the bill does is its legislation that gives what's
known as a guaranteed issue right to anyone, any individual
that's under sixty five that has a diagnosis of ESRD
(15:11):
that's in stage rental disease or ALS right, lugarious disease,
gives them a guaranteed issue right to take a Medicare
supplement what's known as a Plan G, and the premium
can't be any more expensive than two times what it
would be for someone turning sixty five or aging into Medicare.
Speaker 6 (15:31):
Now, you could still get a Plan A for disability, right,
it was just a separate plan so helping people could
keep their cost lower.
Speaker 9 (15:38):
Now, before September first of this year, in Texas, it
was only Plan A that was mandated by the DA
that each carrier had to offer. Now, always a carrier
could come and offer more, but that was the minimum,
and actuaries could set prices on that Plan A where
it made sense for them to take on that type
(15:58):
of business. When I say that type of business, I
mean someone that you know is going to have high claims,
high utilization on the policy. Now, this bill came through
nine to one, and the issue isn't that it requires
a Medicare selpment to offer a Plan G because other
states can do that. The issue is it limits what
the premium is that you can charge for that Plan GEE.
(16:22):
So for any listener who's not aware of what a
plang G is, it's the most comprehensive Medicare supplement available
for anyone newly eligible to Medicare. It's going to cover
anything buildable to Part A and Part B of traditional
Medicare that Medicare proves excluding a one time annual deductible
two hundred and fifty seven dollars. So it's a really
(16:42):
strong plan with no network restrictions and little no prior
authorization restrictions. The problem is that plan for someone with
a diagnosis of ALS or ESRD should be ay eleven
hundred and twelve hundred dollars a month. To give you
an example, there's another type of privatized insurance on Medicare
called a Medicare Advantage plan. They receive subsidies or rebates
(17:04):
from the federal government for offering plans that are unique
for people with the diagnosis of ESRD, and they're getting
over ten thousand dollars a month per person, right, per member,
per month to subsidize someone ont SRD.
Speaker 6 (17:22):
So while the Medicare Advantage plans get these subsidies, those
of us with meticaps get.
Speaker 9 (17:26):
Nothing, nothing, And that's the problem that we're seeing. So
anyone coming on with these high claims are literally driving
up the cost of Medicare supplements in the state of
Texas specifically, and Nevada just copied it.
Speaker 6 (17:43):
Well, why given Texas is it obviously a free market
state so many other ways, Why are we putting price
controls on healthcare? Doesn't that have the opposite effect of
what we would intend?
Speaker 9 (17:55):
Yeah, you think so. I mean, you look at the
segment of our population who uses the most claims as
the Medicare eligible population, right, Yeah.
Speaker 6 (18:04):
But it's not really an intitlement plan if you paid
for it all your life.
Speaker 9 (18:07):
That's the truth. I agree, But you see, the problem
is all that is subsidized traditional Medicare subsidized by the
federal government. Those in may net stuffs aren't. So Medicare
supplements are procactized health insurance that's coming in to pay
the out of pockets from traditional medicare, and yet now
they are susceptible to these same rules that insurance plans
(18:28):
that are being subsidized are susceptible too, And it's not
something that they can play with. Since August the first,
in the state of Texas, we've lost almost eight Medicare
suppment carriers because they can't stomach what's coming in the market.
Speaker 6 (18:41):
So what is the future of the medicure market? I mean,
no one is getting rid of Medicare. But obviously we're
going to see changes. Can we expect to move towards
cast sharing plans going forward?
Speaker 9 (18:52):
Yeah, that has to be the long term effects.
Speaker 4 (18:54):
So you're going to see twofold.
Speaker 9 (18:55):
The first thing you're going to see is the most
comprehensive plans available the people who who have higher claims,
that people who have higher utilization are gonna trend towards them,
So you will see those plans rise sharply. And when
I say sharply, you can expect to see twenty forty
to fifty percent increases over the next year or two.
The people who understand the market will and don't have
(19:20):
excess expenses even if they have them. The cost sharing
plans like an Innovative Plans G or High Deductible G
when that it cures fee schedule, paying eighty percent of
anything build out patient. It's so phenomenal that these people literally,
I mean literally, they're laughing all the way to the
bank or their premium paying thirty five forty to one
hundred bucks a month for High Deductible G and Innovative G,
(19:42):
and Medicare is covering eighty percent of the claims on
the flip side, you're gonna have someone on a traditional
G or traditional end in the next few years. You
know they're gonna be paying two hundred and fifty dollars
a month and the only difference is a max out
of pocket. This year, that's about twenty eight hundred bucks.
The future for the smart individual who can track medicare
(20:05):
is either a high deductible G or my favorite and
innovative Plan G.
Speaker 6 (20:10):
So those are plans that add a max out of
pocket to a metigap plan. And the case of the
INNOVATMG is temporary, but that's a good way to reduce
the long term costs of your premiums am I right.
Speaker 9 (20:21):
The people who are taking innovative plan ges and high
deductile jews are typically a less sick member of the population.
The pool of business is a healthier pool of business.
Speaker 6 (20:32):
So one thing that's hurting everyone out there is the waste,
fraud and abuse that the Trump administration is talking about.
Is that just made up or is that something real
that we're seeing.
Speaker 9 (20:41):
That's absolutely what we're seeing, and it's only getting worse.
I mean, your viewer can go on Google right now,
type in Medicare fraud and read all the most recent exposure.
There was almost ninety billion dollars in fraud earlier this
year that three hundred people got arrested for for billing
for durbile medical equipment and its durable medical equipment people
never used. In fact, I'm I know a carrier who
(21:01):
I'm close with who saved twelve million dollars in frauds
in the past year that Medicare paid eighty percent on.
So the twelve million they caught in fraud, Medicare had
already paid sixty million on it.
Speaker 6 (21:13):
One last thing, health savings accounts. You've got to have
them in place before you go on to Medicare. But
if you get one started ahead of time, is that
a good way to help control your costs once you're
on Medicare.
Speaker 9 (21:23):
Anything you can do that's not taxed right that you're
contributing to it so will never pay taxes on absolutely
if you have the means, you should be funding that.
And HSA is a no brainer because even on Medicare,
you can use that HSA premium to pay for your
Part V premium, to pay for Part D premiums and
the like. Just can't pay for Medicare supplement so a
(21:44):
thousand times over. So if you get a cost sharing
plan and now using tax free money has pay for
those out of pockets, but everyone else the slagging behind
you and having to go to the bank, you don't.
Speaker 6 (21:56):
Thanks for joining us, Andrew Geen Valerani after this where.
Speaker 2 (21:59):
Josh to turn a nickel into a die. That's the
bottom line. We're just trying to turn a nickel into
a die. That's the bottom line.
Speaker 10 (22:16):
Welcome back you're listening to. That's the bottom line. This
is gene Vallerati reporting on today's report Share. Let me
share something with you, ladies and gentlemen, something that is
very important to me to think as to what's going
on in the country. Looking back at the week that was,
(22:40):
we find the evil spirits of the world are wrinking
a havoch in the streets of the United States. President
Trump has been ordering troops in the lawless communities, while
Democrat mayors in big cities feel they can out maneuver
(23:00):
the troop sent to protect citizens from crooked Democrat mayors
and politicians in big cities. And I guess as far
as that goes Democrats in the Congress as well. Why
is this happening. It's happening because big city Democrat mayors
(23:22):
wish it to be this way, And for intents and purposes,
we find the Democrat mayors as well as congressional delegates,
thinking they can ignore law and order and encourage mayhem.
So what we have, or what we're experiencing, is gangs
(23:45):
of illegals and those who support them mounting more and
more mayhem in the United States, and they're being supported
by Democrat mayors in the big cities. To what extent
will this many revolution against law and order go? You know,
(24:08):
that's the real question, folks. It's almost as if the
big cities and the Democrat officials leading them feel as
if they could go up against the military might of
the United States and destroy communities through riots. Sooner or
later they're asked to come a reckoning. National Guard troops
(24:31):
are continuing to round up illegals. But there's a way
these malecontents have the wherewithal to bring There is no
way I should say these malcontents have the wherewithal to
bring the federal government to its needs. Nonetheless, it already
appears as if the pro socialist communists within the Democrat
(24:56):
Party are under the illusion that they can bring the
federal government to its needs. I suppose the president could
declare martial law and start arresting those big city mayors
who are spurring all of this on. I have a
hint for them, though. All Trump needs to do is
(25:18):
declare martial law and begin arresting the big city mayors
who oppose him. Well, you know what would happen then, right,
more riots, I suppose. I don't know. Meantime, Trump will
have little chances of winning over the malcontents, the ones
that are stirring up the trouble. How this ends remains
(25:42):
to be seen. But big city gangs of foreign trespassers
have little hope of bringing down the federal government of
the United States. I guess it's just a matter of
time before President Trump lowers the boom on rebellious on
this rebellious group of foreign invaders who believe they can
(26:06):
simply cross our borders and do so with impunity. I
can't say for sure where all this is headed, but
I suppose we're experiencing the early part of a foreid
invasion to bring the United States down. If our enemies
think this is the answer, then let it be so
(26:26):
because sooner or later, the full force of the federal
government will crush these little revolutionaries that are now trying
to bring the United States down. But for how long
will President Trump withhold his anger? That's the real question.
And how long can the Democrat Party continue to thrive
(26:51):
without itself finally having to having to feel the crushing
defeat that we know will soon occur for them. Sooner
or later, these big city Democrat mayors are going to
find they have little power to bring down an entire country,
especially after law and order is enforced. I wish we
(27:15):
had better news to report this morning, I really do,
especially on this our broadcast, but I see it as
the way everything is growing right now. So I want
you to stay tuned because we've got a lot long
way to go. And sooner or later, Trump will, I believe,
(27:36):
bring about good order. But for the short term, I'm
not sure how things will happen. And as far as
that goes with the short term, madness is finally it's
not only going to put out, because that's really the
bottom line. And I say we have to support our
(27:57):
president and continue to struggle free them and justice here
in the United States, because that's really the bottom line
and how it will be. We've been telling you and
coming to you and giving you this report for decades now,
and I want you to know the word a precarious
(28:19):
point because what we have, You've got an internal revolution
occurring in this country right now. They have no intention
at all of doing anything but creating harm and to
keep people on edge. And now that they've got the
government shut down, I guess we'll have to see how
(28:39):
long it's going to take them to open it up.
I hope they do it soon. And that's just the
way it is, ladies and gentlemen. So I guess we're
the hands of these people that want to bring the
country down, and I'm sure they will not have they
will not succeed in doing it, and I'm sure Trump
will come to the Okay, that's shit for now. We'll
(29:02):
be back with more right after this.
Speaker 4 (29:05):
We're just trying to turn ankel into a dime. That's
the bottom line.
Speaker 1 (29:11):
Visualize a future where your retirement income is completely tax free.
Most traditional retirement accounts come with a hidden partner the irs,
But what if you could legally separate yourself from the
future tax hikes and keep more of what you've earned.
At Asset Growth Associates, we've developed the Tax Free Future Calculator,
(29:33):
powered by our proprietary achieving Alpha strategy. This powerful tool
shows you exactly how to transform your retirement savings into
a lifetime of tax free income. Picture more control, more growth,
and more money staying in your pocket, not Uncle Sam's.
You deserve a tax free future. Call four nine eight
(29:54):
four zero sixty nine hundred or visit savemyretirement dot com
to schedule a visit Discover a tax free future four
h nine eight four zero sixty nine hundred. Asset Growth
Associates Wealth Advisors is a registered investment advisor in the
state of Texas.
Speaker 6 (30:19):
Are you tired of watching your investments rise and fall
with a 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
(30:42):
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, row with confidence. Call
(31:04):
now four o nine eight four zero sixty nine hundred
or visit us at savemiretirement dot com.
Speaker 2 (31:11):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 10 (31:17):
Welcome back, ladies and gentlemen. You're listening, so that's the
bottom line. You're weekly broadcast on kl THEI that tells
it like it is. And we also want you to
know that you can hear this program by logging on
to That's the bottom Line Radio Show and you can
hear it there, or you could just log on to
(31:40):
That's the bottom Line Radio Show, which is our show,
or or that's the bottom Line. You'll find us out
there somewhere in the in the world of the electronic
nether world. I guess I don't know if we've We've
reached a lot of people, and we're happy to do
it because we feel these are things that are very important. Okay,
(32:03):
so it's time for a solution now for the decades
that I have been telling you, it's time for a solution.
I want you to know that I'm not just speaking
casually when I say it's time for a solution. I'm
going to give you a solution. And the solution is
that you're going to be able to invest, retain, and
(32:26):
accumulate money for future use if that's what you're willing
to do. I know sometimes it's hard to save money,
but I also know that if you have the will power,
you can set a little bit aside, a little to time,
and you'll be amazed at how much it grows. And
for the last three decades or so, you've heard me
(32:49):
say every Saturday and Sunday morning, providing you with investment solutions. Right,
you've heard me do it constantly, So obviously by now
you would be correct to believe when we offer an
investment solution, it must be working well for all of
our clients because they love these plans. There's money to
(33:13):
be made with guarantees of no losses and which also
can provide our clients with long term financial security. What's
nice about these plans is that once you deposit money,
it earns returns which remain exempt from losses, and when
the market has a downturn, you keep all your money.
(33:36):
Your account keeps every penny it earns until you begin
the process of liquidating funds. Not every investment can say that.
For you, folks, these plans can earn market linked returns
and they can also provide fixed interest compounding. You know,
(33:56):
there's nothing new or strange about these plans, and we
find our clients are very very happy with their returns.
And once accumulated and you want, you can begin taking
a monthly payout, liquidating the full amount, or as many choose,
leave the money in the account and take withdrawals while
(34:20):
your funds remain secure for market losses. That's a good deal,
isn't it. When the market is down, you don't lose
any money. If you're in one of these principal protection accounts,
you keep all your money. So listen to me. These
accounts are issued through large financial institutions that offer many
payout systems, monthly income, annual income, or left for named beneficiaries.
(34:49):
Everyone knows the stock market both gives and takes away,
but our clients and principal protection simply see the money
accum late and money is not lost during a market crash.
How about that? Do you know that the money's there
when you need it. Trust me, there's nothing wrong with that,
(35:13):
So listen to me. Take the time to contact us
at Asset Growth Associates simply by dialing four oh nine
eight four oh sixty nine one hundred or toll free
one eight six six seven two eight three six nine seven,
or simply drop us a note online by logging on
(35:36):
to savemyretirement dot com. Your funds are insured and available
for use when you want to take a withdrawal. Now
listen to me. There's no perfect plan, but if both
growing and protecting in this n eggs, if that's what
you're planning, then you need to call us at Asset
Growth Associates and allow us to share the ideas with
(35:59):
you that have helped thousands of our clients over the
decades that Asset Growths. We've been helping our clients build
nest eggs for over fifty years now. As we've all
heard over time, the journey of the thousand miles begins
with the first step. Why don't you take that first
step this week by calling us four oh nine eighty
(36:22):
four sixty nine hundred. You can come in learn more
about opening an account. You don't have to open an account,
but we'll be glad to discuss it with you. And
if you choose to open an account, you will have
financial growth and security for you and your family's future.
Why not take the first step to securing a solid
(36:44):
financial security. Benjamin Franklin once said, a penny earned as
a penny say. Well, he was certainly right about that,
wasn't he. He was right when he said it, and
he's still right centuries later. I assure you there's no
thing is encouraging as seeing your nest a grow. To
learn more about these plans, make sure you take the
(37:07):
time to plan you and your family's future. You can
do it here at Asset Growth Associates, where your money
is both insured and does not shrink when the stock
market is in decline. I'm proud to say we've been
helping our clients build nest eggs for decades now, and
with the Good Lord's help, we will continue to do
(37:29):
so for the future ahead. So drop this dumber down
four O nine eight four oh sixty nine hundred and
then dial it call us. Then come in and sit
down and we will review any present plan you have
to help grow your money. For anything that people save
(37:49):
money for children, grandchildren's education funds, retirement planning, and the
list goes on and on and on. Four O nine eight,
four sixty nine, one hundred or go free one eight
six six seven two eight three six nine seven. Jeff,
We'll be back with some closing remarks in a few minutes.
Speaker 4 (38:11):
Where's just trying to turn a neckelle in?
Speaker 10 (38:13):
Who die?
Speaker 2 (38:15):
That's the bottom line. Where's just trying to turn a
necke in, Who die? That's the bottom line.
Speaker 6 (38:39):
Thank you for listening today. That that's the bottom line.
All of our broadcasts are available on demand online at
savemyretirement dot com, or just go to your iHeartRadio app
and search for it. That's the bottom line under the
podcast tab, and remember to add as the favorites. We're
on Facebook at Jeff Lewis. That's the bottom line. Search
(39:01):
for its name and show, and follow us for all
of the latest updates. If you want to schedule an
appointment with us, call our office toll free at eight
sixty six Save my Retirement. Our physical address in Beaumont
is at thirteen ninety one Calder Avenue, a block from
the intersection of MLK and Calder. Would you like to
(39:22):
avoid paying taxes on your retirement income. Then maybe it's
time to get rothicized. By converting your traditional ira into
a roth ira, either all at once or over time,
you can pay taxes now instead of later. It makes
more sense to pay taxes on the seed rather than
the crop. Roth Iras let you harvest your money tax
(39:46):
free after it's grown over the years. Schedule and appointment
with us the see if a conversion makes sense for you.
In speaking of retirement income, come talk with us about
our covered call ETF strategy. These exchange traded funds base
their values off of underlying equity positions in big time
companies like Alabama and Amazon. And though these companies don't
(40:10):
always pay dividends themselves, these funds do on a monthly
basis generating dependable income. You never want to give up
capital if you don't have to, so why not let
your money work for you. Our proprietary Achieving Alpha portfolio
builder can customize a plan based off of your income needs,
(40:31):
whether it's for your overall budget or even to protect
against rising medical costs. And on that note, thanks to
Andrew Saul for talking with us about ways to reduce
your Medicare costs over time. It's that time of year
after all. And if you have Medicare questions, yes, our
office can answer those two.
Speaker 3 (40:50):
Now.
Speaker 6 (40:50):
If you are close to retirement and are more interested
in keeping your money safe, you're probably a good candidate
for a principal protection strategy where you can get market
linked rates of return with zero risk to your principle.
We generally recommend these as at least a portion of
a diversified portfolio. This is why people more than ever
are choosing Asset Growth Associates. We've got the experience and
(41:14):
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 blessed and
highly favored because, as always, that's the bottom line.
Speaker 4 (41:36):
That's the bottom line.
Speaker 2 (41:39):
You can reach Asset Growth Associates by calling one eight
six six seven to eight thirty six ninety seven are
by visiting savemiretirement dot com.
Are you exposed to unnecessary risk in your investment portfolio?
Introducing the current Portfolio risk Analysis, a powerful evaluation tool
that's part of our proprietary Achieving Alpha platform. Here's how
it works. We compare your current portfolio with an achieving
Alpha portfolio. In seconds. You'll see the unnecessary risk. But
(00:23):
that's not all. We calculate your portfolios risk to reward
ratio and show you how the achieving Alpha portfolio can
lower volatility while keeping your income strong. Protect what you've built,
and discover how resilient your money really is. Asset Growth
Associates Alpha Achieved Call Asset Growth Associates at four O
(00:43):
nine eight four zero sixty nine hundred or visit Savemretirement
dot com to schedule your portfolio review today. That's four
O nine eight four zero sixty nine hundred or visit
Savemretirement dot com. Asset Growth Associates Wealth Advisors is a
registered investment advisor in the state of Texas.
Speaker 2 (01:02):
We're just trying to turn a necklin do what dime.
That's the bottom line. Welcome to real, honest talk about money, politics,
news and information you can actually use.
Speaker 3 (01:21):
Buggle up and hold on tight.
Speaker 2 (01:23):
This is that's the bottom line.
Speaker 4 (01:29):
The best thing they live up.
Speaker 5 (01:33):
But you can give them to the bath and be the.
Speaker 6 (01:42):
That's good morning, everybody. This is that's the bottom line.
I'm your host Jeff Lewis of Asset Bird Associates along
with Jean Valerani Banks for Spinning Part. If you're a
weekend with us, our top line story this week is
(02:03):
the breaking news of a peace deal being reached the
Middle East, with Hamas agreeing to the release of the
remaining hostages. On the week of the second anniversary of
the October seven attacks. The President is close to fulfilling
yet another campaign promise the peaceful conclusion of the Israeli
Hamas war. Now, this is just phase one of the
deal and all this is still unfolding as we speak
(02:25):
this weekend, so we won't be able to bring you
the full coverage of this momentous event until the next
week's show. That said, we need to talk about money
this week because it's looking like foreign policy and politics
will dominate the news for a while. So for today,
I want to talk instead about the subject of affordability.
Everything everywhere, it's more expensive since the start of the
(02:46):
Biden administration almost five years ago, and although inflation has
leveled out some since Trump was elected back to the
White House, it hasn't totally disappeared no or will it.
And like we said before on this program, it's completely
unreasonable to assume that prices will ever go back down.
The inflation that has already happened is here to stay.
(03:07):
And I don't care who tells you what. That's not
the way the economy works. The actual reduction of prices,
what we call deflation, is historically a statistical Anominally, the
way you combat inflation is by growing the economy and
thereby increasing incomes to meet and surpass the new price
points that are already established. That's what Trump was so
(03:29):
successful with in his first term, growing the economy with
low levels of inflation. It's no exaggeration that Trump was
handed a hot mess where it comes through the economy.
The Bureau of Labor Statistics overcounted a million new jobs
in the last year of the Biden administration, and we
experienced well over thirty percent cumblic of inflation over the
(03:49):
course of the Joe Biden puppet presidency. Trump's tariffts are
designed to make the economics of domestic production work again,
as this panelist on Thought's Business explains, on the personal level,
our tariff policy makes sense when it comes to refocusing
our purchasing decisions back towards domestic products.
Speaker 7 (04:08):
This is like, you know, I'm in the first year
of my administration. I had to really crack some skulls
to get some things done here. The situation I was
handed before was pretty awful, and so working our way
out of this is going to take a little time.
And you brought up the kitchen cabinets. I recently did
a project where I needed kitchen cabinets and the order
was placed before the tariffs, and the cabinets were purchased
(04:30):
from Europe. But I can tell you they were very expensive.
And if I was doing it again and there was
a thirty percent tariff on kitchen cabinets, you better believe
I would have found a way to make it happen
domestically to save money. And I think there's a big,
you know, segment of the population on these little aspects, Brian,
where we're going to see tariffs come into play that
are going to shift their purchasing patterns. And this isn't
(04:52):
like a car like I can't necessarily get the all
American car that is made.
Speaker 6 (04:56):
There are cabinet producers, furniture producers.
Speaker 7 (04:58):
I believe it was Laurens, and he just did a great.
Speaker 6 (05:00):
Report on that.
Speaker 7 (05:01):
If people seek them out, the product is here, and
it's here for the taking, and it will be cheaper.
And I think once you start to see that kind
of thing trickle into the economy as well, and the
manufacturing aspect of it, I think things will boom.
Speaker 6 (05:14):
It's perfectly reasonable to be optimistic on this front. And
the market sure is. We almost had four percent growth
in the second quarter, and it's looking like third quarter
growth will be in line with that, and that's good,
but that's not the whole story. It's not just goods
that affect your household budget. It's also services, and ten
(05:35):
to twenty percent of your expenditures go towards healthcare services,
insurance premiums, code pays out of pocket limits. There's a
good reason that the Democrats chose this particular issue as
the reason they claim is why they shut down the
government because it is an important issue, and Democrats love
to run ads showing the Republicans pushing grama off cliff
(05:58):
facing point. You're Senator Chuck Schumer dumping this load of crap.
Speaker 8 (06:03):
So now we're in a government shutdown, and you may
be asking yourself, how the hell.
Speaker 4 (06:08):
Did we get here?
Speaker 8 (06:10):
Donald Trump and the Republican Party are held bent on
taking healthcare away from sixty million people, closing community clinics,
rural hospitals, nursing homes. Also, they can keep giving tax
breaks to their billionaire friends.
Speaker 4 (06:25):
It's a disgrace.
Speaker 8 (06:26):
So Democrats have three words for this.
Speaker 6 (06:29):
No way, Yeah, except it's not Republicans taking health care
away from people. Democrats do that and then they lie
about it. Remember this little jim.
Speaker 8 (06:41):
If you like the plan you have, you can keep it.
If you like the doctor you have, you can keep
your doctor too.
Speaker 6 (06:47):
Fifteen years ago, Democrats passed Obamacare, what was deceptively termed
the Affordable Care Act. We're still paying the price for
that mistake. Today millions of Americans lost their plans, and
if you were onto the healthcare exchange, you already know
how bad it is. Myself included, you're paying triple to
premium or worse for reduced coverage and less access to providers.
(07:11):
The whole premise of this idea was the idea we
had to cover people who didn't have access to coverage.
But there already was a policy for the unensurable risk. Well,
at the state level, you could already get subsidized insurance
through the state if you didn't have access to group
coverage and you had uninsurable conditions. Now your own state
(07:33):
legislature in Austin is screening you all over again. Now
instead of jacking with medical insurance for people of working age,
the bone heads in our state capital are about to
mess up Medicare, particularly for those of you with Medicare supplements.
What people don't understand is how the deterioration of the
quality of insurance for people during their working years is
(07:54):
having a negative impact on the senior healthcare market. For
those of you on Medicare, you already know what I'm
talking about. You're seeing double digit rate increases in healthcare
premiums on an annual basis. One reason is because more
and more people in their sixties are waiting until they're
on a Medicare to have more expensive procedures done because
(08:15):
it's simply more affordable to do it there than on
their existing insurance. That's forcing carriers to pay out more
claims earlier than they have historically, and that drives up
premants for all seniors. Add in other factors like wighs,
fraud and abuse guests who ultimately pays the bill for
that right, my parents, my grandma, your average ordinary Americans.
(08:37):
But the bulk of our rising costs related to healthcare
comes from government policy, bad policies like paying for the
healthcare of non citizens with our taxpayer dollars. Our healthcare
system isn't really a free market. Medical insurance companies, particularly
those dealing with Medicare, don't actually determine their own prices
(08:58):
per se, are largely influenced by state regulatory agencies and
by funding for mandates from those agencies in conjunction with
the federal government. So you have every reason to get
ticked off about your rate increases this year, but get
mad at the right people. It's easy to blame insurance
companies because they write to policies, but most insurance companies
(09:22):
make less than a three percent profit margin. Instead, get
mad at your elected representatives in Austin. It's their legislation
and bureaucratic regulations that make you pay more every year,
at their every fricking year. This week, I had a
conversation with Andrew Sall, who is an expert in the
medicare supplement industry, and we talked about some of these
(09:44):
factors that are driving up your healthcare cost, including recent
legislation that impacts seniors right here in Texas. You can't
afford to miss this interw Stay tuned. We'll be right
here after the break.
Speaker 2 (09:57):
We're just trying to turn ankel into die. That's the
bottom line.
Speaker 1 (10:04):
If you own a variable annuity, you could be losing
thousands of dollars every year without even knowing it. At
Asset Growth Associates Wealth Advisors, we specialize in identifying and
eliminating hidden fees. Our comprehensive fee analysis provides you with
a personalized report that highlights potential savings you may not
(10:25):
have been aware of. Imagine this detailed reports delivered straight
to your inbox with visual insights into how fees can
impact your retirement that have smart comparisons between your current
annuities and lower cost alternatives. Visit savemiretirement dot com and
find the special offer for the free variable annuity fee
(10:48):
analysis that's savemy retirement dot Com. Past performance is no
indication of future results. Asset Growth Associates Wealth Advisors is
a registered investment advisor in the state of Texas.
Speaker 3 (11:02):
The stock market doesn't care about your retirement plans. This
is Gene Valeranti of Asset Growth Associates. What is principal protection?
When you're investing in the stock market, you're risking your
principle and your rate of return if any, in the
hope that you will have a rate of return. With
(11:24):
principal protection, you stop risking your principle and you are
only risking your rate of return. When you make money
in a principal protection account, you get to keep the money.
Give us a call today at Asset Growth Associates at
one eight six six seven two eight three six nine seven.
An easy way to remember that is one eight six
(11:45):
six Save my Retirement. You can also reach us locally
by calling four to oh nine eight four oh sixty
nine hundred or by visiting savemretirement dot com. You will
be glad that you did.
Speaker 1 (12:05):
At Asset Growth Associates Wealth Advisors, We've always believed that
smarter tools lead to smarter financial decisions. That's why we've
invested in our most powerful client service platform yet, our
proprietary Achieving Alpha Dashboard. This cutting edge system gives us
command of ninety nine covered call ETF strategies, including the
(12:29):
High Yield Yield MAC series, with performance tracking, back testing
and portfolio modeling that's second to none. What does that
mean for you? It means clearer insights, smarter income strategies,
and personalized recommendations you can actually understand, delivered in a beautiful,
client ready report. Whether you're looking to grow your income,
(12:53):
protect your principle, or make sense of the markets. This
dashboard helps us do more for you. Call Asset Growth
Associates today at four oh nine eight four zero sixty
nine hundred and schedule your complementary portfolio review. That's four
oh nine eight four zero sixty nine hundred, or you
(13:14):
can visit Savemyretirement dot com to find out more Asset
Growth Associates. Your path to financial freedom starts here. Past
performance is no indication of future results. Asset Growth Associates
Wealth Advisors is a registered investment advisor in the state
of Texas.
Speaker 4 (13:35):
We're just trying to turn a nickel in to what dime.
Speaker 5 (13:38):
That's the bottom line.
Speaker 6 (14:09):
We're back with. That's the bottom line. I'm Jeff Lewis.
It's bad enough when democrats in Washington screws over like
they did with Obamacare. But what about the UNI party
that exists within the Texas legislature expanding Medicare with artificial
price controls with bipartisan support. I'm joined now by Andrew Sall,
(14:29):
a leading expert on the Medicare supplement industry. Andrew, thanks
for joining us today.
Speaker 9 (14:34):
Yeah, you're welcome, brother, I'm super excited to be here.
Speaker 6 (14:37):
So I've been speaking with clients lately who have been
experiencing historically high rating increases on their Medicare supplements over
fifteen percent or more depending on the company. How does
that relate to the legislation that just got past here
in Texas.
Speaker 9 (14:50):
Yeah, so good question. So earlier this year a bill
came before the House. It's the House Built two five
one six if you want to look it up. Essentially,
what the bill does is its legislation that gives what's
known as a guaranteed issue right to anyone, any individual
that's under sixty five that has a diagnosis of ESRD
(15:11):
that's in stage rental disease or ALS right, lugarious disease,
gives them a guaranteed issue right to take a Medicare
supplement what's known as a Plan G, and the premium
can't be any more expensive than two times what it
would be for someone turning sixty five or aging into Medicare.
Speaker 6 (15:31):
Now, you could still get a Plan A for disability, right,
it was just a separate plan so helping people could
keep their cost lower.
Speaker 9 (15:38):
Now, before September first of this year, in Texas, it
was only Plan A that was mandated by the DA
that each carrier had to offer. Now, always a carrier
could come and offer more, but that was the minimum,
and actuaries could set prices on that Plan A where
it made sense for them to take on that type
(15:58):
of business. When I say that type of business, I
mean someone that you know is going to have high claims,
high utilization on the policy. Now, this bill came through
nine to one, and the issue isn't that it requires
a Medicare selpment to offer a Plan G because other
states can do that. The issue is it limits what
the premium is that you can charge for that Plan GEE.
(16:22):
So for any listener who's not aware of what a
plang G is, it's the most comprehensive Medicare supplement available
for anyone newly eligible to Medicare. It's going to cover
anything buildable to Part A and Part B of traditional
Medicare that Medicare proves excluding a one time annual deductible
two hundred and fifty seven dollars. So it's a really
(16:42):
strong plan with no network restrictions and little no prior
authorization restrictions. The problem is that plan for someone with
a diagnosis of ALS or ESRD should be ay eleven
hundred and twelve hundred dollars a month. To give you
an example, there's another type of privatized insurance on Medicare
called a Medicare Advantage plan. They receive subsidies or rebates
(17:04):
from the federal government for offering plans that are unique
for people with the diagnosis of ESRD, and they're getting
over ten thousand dollars a month per person, right, per member,
per month to subsidize someone ont SRD.
Speaker 6 (17:22):
So while the Medicare Advantage plans get these subsidies, those
of us with meticaps get.
Speaker 9 (17:26):
Nothing, nothing, And that's the problem that we're seeing. So
anyone coming on with these high claims are literally driving
up the cost of Medicare supplements in the state of
Texas specifically, and Nevada just copied it.
Speaker 6 (17:43):
Well, why given Texas is it obviously a free market
state so many other ways, Why are we putting price
controls on healthcare? Doesn't that have the opposite effect of
what we would intend?
Speaker 9 (17:55):
Yeah, you think so. I mean, you look at the
segment of our population who uses the most claims as
the Medicare eligible population, right, Yeah.
Speaker 6 (18:04):
But it's not really an intitlement plan if you paid
for it all your life.
Speaker 9 (18:07):
That's the truth. I agree, But you see, the problem
is all that is subsidized traditional Medicare subsidized by the
federal government. Those in may net stuffs aren't. So Medicare
supplements are procactized health insurance that's coming in to pay
the out of pockets from traditional medicare, and yet now
they are susceptible to these same rules that insurance plans
(18:28):
that are being subsidized are susceptible too, And it's not
something that they can play with. Since August the first,
in the state of Texas, we've lost almost eight Medicare
suppment carriers because they can't stomach what's coming in the market.
Speaker 6 (18:41):
So what is the future of the medicure market? I mean,
no one is getting rid of Medicare. But obviously we're
going to see changes. Can we expect to move towards
cast sharing plans going forward?
Speaker 9 (18:52):
Yeah, that has to be the long term effects.
Speaker 4 (18:54):
So you're going to see twofold.
Speaker 9 (18:55):
The first thing you're going to see is the most
comprehensive plans available the people who who have higher claims,
that people who have higher utilization are gonna trend towards them,
So you will see those plans rise sharply. And when
I say sharply, you can expect to see twenty forty
to fifty percent increases over the next year or two.
The people who understand the market will and don't have
(19:20):
excess expenses even if they have them. The cost sharing
plans like an Innovative Plans G or High Deductible G
when that it cures fee schedule, paying eighty percent of
anything build out patient. It's so phenomenal that these people literally,
I mean literally, they're laughing all the way to the
bank or their premium paying thirty five forty to one
hundred bucks a month for High Deductible G and Innovative G,
(19:42):
and Medicare is covering eighty percent of the claims on
the flip side, you're gonna have someone on a traditional
G or traditional end in the next few years. You
know they're gonna be paying two hundred and fifty dollars
a month and the only difference is a max out
of pocket. This year, that's about twenty eight hundred bucks.
The future for the smart individual who can track medicare
(20:05):
is either a high deductible G or my favorite and
innovative Plan G.
Speaker 6 (20:10):
So those are plans that add a max out of
pocket to a metigap plan. And the case of the
INNOVATMG is temporary, but that's a good way to reduce
the long term costs of your premiums am I right.
Speaker 9 (20:21):
The people who are taking innovative plan ges and high
deductile jews are typically a less sick member of the population.
The pool of business is a healthier pool of business.
Speaker 6 (20:32):
So one thing that's hurting everyone out there is the waste,
fraud and abuse that the Trump administration is talking about.
Is that just made up or is that something real
that we're seeing.
Speaker 9 (20:41):
That's absolutely what we're seeing, and it's only getting worse.
I mean, your viewer can go on Google right now,
type in Medicare fraud and read all the most recent exposure.
There was almost ninety billion dollars in fraud earlier this
year that three hundred people got arrested for for billing
for durbile medical equipment and its durable medical equipment people
never used. In fact, I'm I know a carrier who
(21:01):
I'm close with who saved twelve million dollars in frauds
in the past year that Medicare paid eighty percent on.
So the twelve million they caught in fraud, Medicare had
already paid sixty million on it.
Speaker 6 (21:13):
One last thing, health savings accounts. You've got to have
them in place before you go on to Medicare. But
if you get one started ahead of time, is that
a good way to help control your costs once you're
on Medicare.
Speaker 9 (21:23):
Anything you can do that's not taxed right that you're
contributing to it so will never pay taxes on absolutely
if you have the means, you should be funding that.
And HSA is a no brainer because even on Medicare,
you can use that HSA premium to pay for your
Part V premium, to pay for Part D premiums and
the like. Just can't pay for Medicare supplement so a
(21:44):
thousand times over. So if you get a cost sharing
plan and now using tax free money has pay for
those out of pockets, but everyone else the slagging behind
you and having to go to the bank, you don't.
Speaker 6 (21:56):
Thanks for joining us, Andrew Geen Valerani after this where.
Speaker 2 (21:59):
Josh to turn a nickel into a die. That's the
bottom line. We're just trying to turn a nickel into
a die. That's the bottom line.
Speaker 10 (22:16):
Welcome back you're listening to. That's the bottom line. This
is gene Vallerati reporting on today's report Share. Let me
share something with you, ladies and gentlemen, something that is
very important to me to think as to what's going
on in the country. Looking back at the week that was,
(22:40):
we find the evil spirits of the world are wrinking
a havoch in the streets of the United States. President
Trump has been ordering troops in the lawless communities, while
Democrat mayors in big cities feel they can out maneuver
(23:00):
the troop sent to protect citizens from crooked Democrat mayors
and politicians in big cities. And I guess as far
as that goes Democrats in the Congress as well. Why
is this happening. It's happening because big city Democrat mayors
(23:22):
wish it to be this way, And for intents and purposes,
we find the Democrat mayors as well as congressional delegates,
thinking they can ignore law and order and encourage mayhem.
So what we have, or what we're experiencing, is gangs
(23:45):
of illegals and those who support them mounting more and
more mayhem in the United States, and they're being supported
by Democrat mayors in the big cities. To what extent
will this many revolution against law and order go? You know,
(24:08):
that's the real question, folks. It's almost as if the
big cities and the Democrat officials leading them feel as
if they could go up against the military might of
the United States and destroy communities through riots. Sooner or
later they're asked to come a reckoning. National Guard troops
(24:31):
are continuing to round up illegals. But there's a way
these malecontents have the wherewithal to bring There is no
way I should say these malcontents have the wherewithal to
bring the federal government to its needs. Nonetheless, it already
appears as if the pro socialist communists within the Democrat
(24:56):
Party are under the illusion that they can bring the
federal government to its needs. I suppose the president could
declare martial law and start arresting those big city mayors
who are spurring all of this on. I have a
hint for them, though. All Trump needs to do is
(25:18):
declare martial law and begin arresting the big city mayors
who oppose him. Well, you know what would happen then, right,
more riots, I suppose. I don't know. Meantime, Trump will
have little chances of winning over the malcontents, the ones
that are stirring up the trouble. How this ends remains
(25:42):
to be seen. But big city gangs of foreign trespassers
have little hope of bringing down the federal government of
the United States. I guess it's just a matter of
time before President Trump lowers the boom on rebellious on
this rebellious group of foreign invaders who believe they can
(26:06):
simply cross our borders and do so with impunity. I
can't say for sure where all this is headed, but
I suppose we're experiencing the early part of a foreid
invasion to bring the United States down. If our enemies
think this is the answer, then let it be so
(26:26):
because sooner or later, the full force of the federal
government will crush these little revolutionaries that are now trying
to bring the United States down. But for how long
will President Trump withhold his anger? That's the real question.
And how long can the Democrat Party continue to thrive
(26:51):
without itself finally having to having to feel the crushing
defeat that we know will soon occur for them. Sooner
or later, these big city Democrat mayors are going to
find they have little power to bring down an entire country,
especially after law and order is enforced. I wish we
(27:15):
had better news to report this morning, I really do,
especially on this our broadcast, but I see it as
the way everything is growing right now. So I want
you to stay tuned because we've got a lot long
way to go. And sooner or later, Trump will, I believe,
(27:36):
bring about good order. But for the short term, I'm
not sure how things will happen. And as far as
that goes with the short term, madness is finally it's
not only going to put out, because that's really the
bottom line. And I say we have to support our
(27:57):
president and continue to struggle free them and justice here
in the United States, because that's really the bottom line
and how it will be. We've been telling you and
coming to you and giving you this report for decades now,
and I want you to know the word a precarious
(28:19):
point because what we have, You've got an internal revolution
occurring in this country right now. They have no intention
at all of doing anything but creating harm and to
keep people on edge. And now that they've got the
government shut down, I guess we'll have to see how
(28:39):
long it's going to take them to open it up.
I hope they do it soon. And that's just the
way it is, ladies and gentlemen. So I guess we're
the hands of these people that want to bring the
country down, and I'm sure they will not have they
will not succeed in doing it, and I'm sure Trump
will come to the Okay, that's shit for now. We'll
(29:02):
be back with more right after this.
Speaker 4 (29:05):
We're just trying to turn ankel into a dime. That's
the bottom line.
Speaker 1 (29:11):
Visualize a future where your retirement income is completely tax free.
Most traditional retirement accounts come with a hidden partner the irs,
But what if you could legally separate yourself from the
future tax hikes and keep more of what you've earned.
At Asset Growth Associates, we've developed the Tax Free Future Calculator,
(29:33):
powered by our proprietary achieving Alpha strategy. This powerful tool
shows you exactly how to transform your retirement savings into
a lifetime of tax free income. Picture more control, more growth,
and more money staying in your pocket, not Uncle Sam's.
You deserve a tax free future. Call four nine eight
(29:54):
four zero sixty nine hundred or visit savemyretirement dot com
to schedule a visit Discover a tax free future four
h nine eight four zero sixty nine hundred. Asset Growth
Associates Wealth Advisors is a registered investment advisor in the
state of Texas.
Speaker 6 (30:19):
Are you tired of watching your investments rise and fall
with a 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
(30:42):
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, row with confidence. Call
(31:04):
now four o nine eight four zero sixty nine hundred
or visit us at savemiretirement dot com.
Speaker 2 (31:11):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 10 (31:17):
Welcome back, ladies and gentlemen. You're listening, so that's the
bottom line. You're weekly broadcast on kl THEI that tells
it like it is. And we also want you to
know that you can hear this program by logging on
to That's the bottom Line Radio Show and you can
hear it there, or you could just log on to
(31:40):
That's the bottom Line Radio Show, which is our show,
or or that's the bottom Line. You'll find us out
there somewhere in the in the world of the electronic
nether world. I guess I don't know if we've We've
reached a lot of people, and we're happy to do
it because we feel these are things that are very important. Okay,
(32:03):
so it's time for a solution now for the decades
that I have been telling you, it's time for a solution.
I want you to know that I'm not just speaking
casually when I say it's time for a solution. I'm
going to give you a solution. And the solution is
that you're going to be able to invest, retain, and
(32:26):
accumulate money for future use if that's what you're willing
to do. I know sometimes it's hard to save money,
but I also know that if you have the will power,
you can set a little bit aside, a little to time,
and you'll be amazed at how much it grows. And
for the last three decades or so, you've heard me
(32:49):
say every Saturday and Sunday morning, providing you with investment solutions. Right,
you've heard me do it constantly, So obviously by now
you would be correct to believe when we offer an
investment solution, it must be working well for all of
our clients because they love these plans. There's money to
(33:13):
be made with guarantees of no losses and which also
can provide our clients with long term financial security. What's
nice about these plans is that once you deposit money,
it earns returns which remain exempt from losses, and when
the market has a downturn, you keep all your money.
(33:36):
Your account keeps every penny it earns until you begin
the process of liquidating funds. Not every investment can say that.
For you, folks, these plans can earn market linked returns
and they can also provide fixed interest compounding. You know,
(33:56):
there's nothing new or strange about these plans, and we
find our clients are very very happy with their returns.
And once accumulated and you want, you can begin taking
a monthly payout, liquidating the full amount, or as many choose,
leave the money in the account and take withdrawals while
(34:20):
your funds remain secure for market losses. That's a good deal,
isn't it. When the market is down, you don't lose
any money. If you're in one of these principal protection accounts,
you keep all your money. So listen to me. These
accounts are issued through large financial institutions that offer many
payout systems, monthly income, annual income, or left for named beneficiaries.
(34:49):
Everyone knows the stock market both gives and takes away,
but our clients and principal protection simply see the money
accum late and money is not lost during a market crash.
How about that? Do you know that the money's there
when you need it. Trust me, there's nothing wrong with that,
(35:13):
So listen to me. Take the time to contact us
at Asset Growth Associates simply by dialing four oh nine
eight four oh sixty nine one hundred or toll free
one eight six six seven two eight three six nine seven,
or simply drop us a note online by logging on
(35:36):
to savemyretirement dot com. Your funds are insured and available
for use when you want to take a withdrawal. Now
listen to me. There's no perfect plan, but if both
growing and protecting in this n eggs, if that's what
you're planning, then you need to call us at Asset
Growth Associates and allow us to share the ideas with
(35:59):
you that have helped thousands of our clients over the
decades that Asset Growths. We've been helping our clients build
nest eggs for over fifty years now. As we've all
heard over time, the journey of the thousand miles begins
with the first step. Why don't you take that first
step this week by calling us four oh nine eighty
(36:22):
four sixty nine hundred. You can come in learn more
about opening an account. You don't have to open an account,
but we'll be glad to discuss it with you. And
if you choose to open an account, you will have
financial growth and security for you and your family's future.
Why not take the first step to securing a solid
(36:44):
financial security. Benjamin Franklin once said, a penny earned as
a penny say. Well, he was certainly right about that,
wasn't he. He was right when he said it, and
he's still right centuries later. I assure you there's no
thing is encouraging as seeing your nest a grow. To
learn more about these plans, make sure you take the
(37:07):
time to plan you and your family's future. You can
do it here at Asset Growth Associates, where your money
is both insured and does not shrink when the stock
market is in decline. I'm proud to say we've been
helping our clients build nest eggs for decades now, and
with the Good Lord's help, we will continue to do
(37:29):
so for the future ahead. So drop this dumber down
four O nine eight four oh sixty nine hundred and
then dial it call us. Then come in and sit
down and we will review any present plan you have
to help grow your money. For anything that people save
(37:49):
money for children, grandchildren's education funds, retirement planning, and the
list goes on and on and on. Four O nine eight,
four sixty nine, one hundred or go free one eight
six six seven two eight three six nine seven. Jeff,
We'll be back with some closing remarks in a few minutes.
Speaker 4 (38:11):
Where's just trying to turn a neckelle in?
Speaker 10 (38:13):
Who die?
Speaker 2 (38:15):
That's the bottom line. Where's just trying to turn a
necke in, Who die? That's the bottom line.
Speaker 6 (38:39):
Thank you for listening today. That that's the bottom line.
All of our broadcasts are available on demand online at
savemyretirement dot com, or just go to your iHeartRadio app
and search for it. That's the bottom line under the
podcast tab, and remember to add as the favorites. We're
on Facebook at Jeff Lewis. That's the bottom line. Search
(39:01):
for its name and show, and follow us for all
of the latest updates. If you want to schedule an
appointment with us, call our office toll free at eight
sixty six Save my Retirement. Our physical address in Beaumont
is at thirteen ninety one Calder Avenue, a block from
the intersection of MLK and Calder. Would you like to
(39:22):
avoid paying taxes on your retirement income. Then maybe it's
time to get rothicized. By converting your traditional ira into
a roth ira, either all at once or over time,
you can pay taxes now instead of later. It makes
more sense to pay taxes on the seed rather than
the crop. Roth Iras let you harvest your money tax
(39:46):
free after it's grown over the years. Schedule and appointment
with us the see if a conversion makes sense for you.
In speaking of retirement income, come talk with us about
our covered call ETF strategy. These exchange traded funds base
their values off of underlying equity positions in big time
companies like Alabama and Amazon. And though these companies don't
(40:10):
always pay dividends themselves, these funds do on a monthly
basis generating dependable income. You never want to give up
capital if you don't have to, so why not let
your money work for you. Our proprietary Achieving Alpha portfolio
builder can customize a plan based off of your income needs,
(40:31):
whether it's for your overall budget or even to protect
against rising medical costs. And on that note, thanks to
Andrew Saul for talking with us about ways to reduce
your Medicare costs over time. It's that time of year
after all. And if you have Medicare questions, yes, our
office can answer those two.
Speaker 3 (40:50):
Now.
Speaker 6 (40:50):
If you are close to retirement and are more interested
in keeping your money safe, you're probably a good candidate
for a principal protection strategy where you can get market
linked rates of return with zero risk to your principle.
We generally recommend these as at least a portion of
a diversified portfolio. This is why people more than ever
are choosing Asset Growth Associates. We've got the experience and
(41:14):
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 blessed and
highly favored because, as always, that's the bottom line.
Speaker 4 (41:36):
That's the bottom line.
Speaker 2 (41:39):
You can reach Asset Growth Associates by calling one eight
six six seven to eight thirty six ninety seven are
by visiting savemiretirement dot com.
Popular Podcasts
CrimeLess: Hillbilly Heist
It’s 1996 in rural North Carolina, and an oddball crew makes history when they pull off America’s third largest cash heist. But it’s all downhill from there. Join host Johnny Knoxville as he unspools a wild and woolly tale about a group of regular ‘ol folks who risked it all for a chance at a better life. CrimeLess: Hillbilly Heist answers the question: what would you do with 17.3 million dollars? The answer includes diamond rings, mansions, velvet Elvis paintings, plus a run for the border, murder-for-hire-plots, and FBI busts.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.