December 13, 2024 • 43 mins
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Speaker 1 (00:05):
We're just trying to turn a necke into a dime.
That's the bottom line.
Speaker 2 (00:16):
Welcome to real honest talk about money, politics, news and
information you can actually use.
Speaker 3 (00:24):
Buckle up and hold on tight.
Speaker 2 (00:26):
This is that's the bottom.
Speaker 4 (00:28):
Line, the best thing in life of breed.
Speaker 3 (00:36):
But you can give them to the bath and.
Speaker 4 (00:38):
Be the line.
Speaker 3 (00:42):
That's como every every week. Welcome this is. That's the
bottom line with yours truly, Gene Valaretti, your weekly radio
broadcast that tells it like it is on KLVII five
sixty a m. Saturdays at six in the morning and
(01:05):
then again on Sundays at eleven in the morning. Also,
we welcome those of you who listen to this weekly
report by logging on to Savemyretirement dot com or simply
logging onto That's the bottom Line radio show. I'm a
partner at Asset Growth of Celsius. We have offices located
(01:26):
in Dallas, Houston, and Beaumont, Texas, where we offer investment,
pension and retirement planning services, as well as income tax
returns for individuals, families, and businesses. Hey, we do it
all at Asset Growth Associates, including representing our clients who
may be having difficulty with the irs, often being able
(01:49):
to negotiate a settlement, and occasionally even paying nothing at all,
sometimes negotiating a fresh start as well. As I say,
we do it all. We've been serving our clients in
Texas and Louisiana for decades now. On today's report, among
our topics, we have some comments about two young twenty
(02:12):
six year old Americans. The first a man of modest
means and a US Marine who saved lives on a
New York subway train, and another twenty six year old
from wealth and privilege who killed a healthcare executive in
cold blood. A tale of true Americans, one a hero,
(02:34):
the other a murderer. Our second segment visits the subject
of natural born citizenship and why just being born in
the United States entitles someone to citizenship. President Trump says
he wants to change that. Today's Dirty Little Secret has
(02:57):
commentary of why people live in houses should never be
throwing rocks, and Today's Solutions segment offers insight into why
it's necessary to plan for your financial future and to
do it in a way that limits risks and guarantees results.
(03:17):
And listen, ladies and gentlemen, Tax season comes right right
after the first of the year. You know that we
can help you with all types of tax returns and
when it comes to investing money for future use, we
do that too. So why don't you find out about
what we do by logging onto either savemy Retirement dot
(03:38):
com or what is My Risk Number dot com. You
can answer a brief number of questions. The computer program
will assign you an investment risk number between one and
ninety nine. It will show you if you're currently investing
according to your risk tolerance. Listen, it's a free service
(04:00):
that we offer, So log on to Save my Retirement
dot com. Do it today, and while you're there, sign
up for our free newsletter which offers a lot of
tax and investment tips. Well, listen, I've got a lot
to cover. Let's get started once again. This is Geene
Valerani reporting. Okay, I'm going to start today's report of
(04:22):
something you've probably have been hearing about all week. Two
young Americans made the news this past week, twenty six
year old Luigi Mangione and this twenty six year old
Daniel Penny. Daniel Penny, a recently discharged US marine, was
(04:43):
put on trial in New York City for essentially being
a hero on the subway there when he put a
man in a troke cold who was threatening passengers. The
story's interesting from the standpoint of two young Americans, both
twenty six years old. The marine was put on trial
(05:03):
when the subway assailant, high on drugs and threatening passengers,
succumbed to the marine's choke hold and died. The other,
twenty six year old, Luigi Mangioni, allegedly shot a healthcare
executive in cold blood in the back. Who killed him?
(05:25):
All right? These are the two twenty six year olds.
Daniel Penny. The marine was put on trial in New
York and thankfully was acquitted by the jury and set free.
Luigi Mangioni was arrested in Altoona, Pennsylvania. He had got
out of New York after he had committed a murder there.
They found him in a McDonald's restaurant when a worker
(05:48):
saw a picture of him on television and called the police.
Two young men the same age won the son of upscale,
well to do parents, Louis Mangione. He was a college graduate.
He murdered the insurance executive in cold blood with a
handmade pistol and the other, a twenty six year old
(06:12):
from a family of modest means, having served a hitch
in the Marine Corps, has returned for military service and
just now began his studies to become an architect. How
ironic is it that the system was so quick to
put the US Marine sergeant on trial for stopping a
would be assailant, while the other twenty six year old,
(06:35):
mister Mangoni, felt he was above the law, or more correctly,
able to outsmart the law to the point of allegedly
committing murder. As to the Manhattan District Attorney, Melvin Bragg,
I know we've been hearing that name for years now. Well,
Melvin Bragg, he's the district attorney in Manhattan. He had
(06:57):
Daniel Penny, the Marine, put on trial for preventing the
late Jordan Meely from robbing passengers on a Manhattan subway train.
There must be a a bizarre decision that makes no
sense to me. You put the hero on trial for
(07:17):
causing the death of an assailant and the process of
robbing subway passengers shows the prosecutor to be the enemy
of the people rather than someone who upholds the law
by protecting the people. Quite a dichotomy, there isn't it.
If anything, we need more Daniel Penny's in the world
(07:38):
than Melvin Braggs and Jordan Neely's. Jordan Eelys he was
the fellow that was robbing people on the train. Now,
it would seem to me that Daniel Pettiam Marine, who
puts his strength to work for those two afraid or
unable to fight for themselves, he should never have been
(08:00):
put on trial for intervening on that subway to stop
passengers from being robbed by a drug crazed assailant. Thankfully,
the jury felt the same way and they found Penny innocent.
But unfortunately, Daniel Penny still faces legal jeopardy and the
father of the man Penny choked on the train is
(08:23):
throwing him and has raised millions of dollars in legal
defense funds to use against the marine hero. As William
mcgern of The Wallstree Journal wrote last week, and I'm
quoting him, there's a common misconception that marines don't get scared,
said mister Penny. And one of our core values is
(08:46):
courage encourages not the absence of fear, but how you
handle fear. Penny admits he was scared, but when he
looked around, he saw the assailant yelling in the faces
of women and children, and Penny said that point he
could no longer just sit there. Using his military training,
mister Penny leapt into action brought the assailant down, holding
(09:09):
him in a choke hold, causing the drug induced to
stalen to succumb from the drugs, not from the choke hold.
Little question, Penny did the right thing. Not so Luigi Mangioni,
who is going to be sent back to Manhattan to
stand trial for the murder of Brian Thompson. United Healthcare
(09:31):
chief executive officer. Mangoni's been taken into custody after a
McDonald's customer in Altoona, Pennsylvania, recognized him at a McDonald's
place eating hash browns. He had to take his mask
off to eat the hash browns and that's when they
recognized his face. Mangoni says he acted alone and added
(09:55):
that Brian Thompson had to be killed. That was the executive,
he said, the health insurance executive. Manzoni said he had
to be killed and that's why he did it. Sounds
like he's a little off center. There to me. He
also claims to be suffering from back pain and allegedly
blames the insurance company for not being able to treat
(10:18):
his pains. Manzoni said he killed Thompson because he was
furious over the prophet driven health care industry in the
United States. And they say he was recognized by someone
when he lowered his face as I just told you
to eat hash browns at a McDonald's restaurant. My goodness,
(10:40):
what a what a story in the two young men,
both of them twenty six years old, just gives you
a picture as to what goes on in this world
and how the Mangione he comes from a very wealthy
family of the newspapers are saying, so apparently he came
(11:03):
up in what they call that the lap of luxury
and the marine the uh he he just average guy,
grew up. He's going to go to school now to
become an architect. But that's an interesting story. And that's
what happened this past week, and I thought it was
(11:23):
worth it to put point out the difference between these
two individuals and and what what what their lives are,
where they came from, and and the mess and the
whole thing that was going on. Okay, now you know,
Now you know, as Paul Harvey used to say, the
(11:43):
rest of the story, Listen, I've got a lot more
to cover here this morning. Please don't go away, Uh,
stay tuned, because we've got a lot more information to
give you that's worth listening and learning about. We'll be
back right after these messages.
Speaker 1 (11:59):
Where's just trying to turn a nickel into a dive.
That's the bottom line.
Speaker 3 (12:10):
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
(12:32):
help you. Ladies and gentlemen can call us whole free
at one eight six six seven two eight three six
nine seven.
Speaker 1 (12:40):
We're just trying to turn a nickel into a dime.
Speaker 4 (12:44):
That's the bottom line.
Speaker 3 (12:51):
People move now. From now we will move.
Speaker 4 (13:01):
You can't even.
Speaker 3 (13:16):
Welcome back, ladies and gentlemen you're listening to. That's the
bottom line. You're weekly broadcast on KLVI. That tells it
like it is. President Trump plans to issue an executive
order that does awagh with automatically granting US citizenship to
anyone born in the United States. That's what he's going
(13:38):
to do when he takes office, That's what he said.
Trump's age are studying the subject and considering how far
to push the scope of what legally grants US citizenship
to newborn babies. As it is right now, if you're
born in the United States, you're a citizen. Automatically, unequivocally,
you're born here, You're an American. Now, what happens is
(14:01):
a lot of the illegals come across, they come here.
Some of these women are pregnant, and the babies born
in the United States, and so the little baby is
automatically an American citizen. Well, this is an issue that
they're looking at. The Trump's looking at more specifically, if
children born in the United States and both parents came
(14:23):
here illegally or were visiting on a tourist visa, should
not automatically grant their children a US citizenship. That's how
Donald Trump's thinking these days. In any event, President Trump's
transition team is exploring the matter as his inauguration day
(14:44):
draws closer. Trump said he would sign on day one
an executive order directing federal agencies to require a child
to have at least one parent be either a US
citizen or a legal permanent resid cident for the child
to automatically become a US citizen. Now, many Americans have
(15:06):
little idea how much people around the world wish they
could reside here in the United States. While incoming President
Trump would like to accomplish the issue by an executive order,
many scholars civil rights groups say citizenship authority cannot be
changed by a president's executive order, so that's one of
(15:28):
the things that's going to be coming up in the
whenever after Trump takes office. Nonetheless, despite the difficulties of
attaining citizenship as an American can be well, they're going
to tighten it over the next four years of the
incoming Trump administration. Besides setting higher standards for a foreigner
(15:49):
to become a US citizen, immigrating here will require immigrants
to bring skills with themness as well as to boost
job market opportunity. Trump is definitely going to push for
future immigrants to have skills in order to settle here.
Is as to where that will stand to those in
(16:12):
opposition to Trump. Remains to be seen, but one would
expect some opposition to leaving the door wide open. Realistically,
foreigners wishing to come here should have skills they can
use to obtain employment, as opposed to coming here not
being able to read or write, or possess skills in
(16:32):
the building trades and agriculture. Now, the United States maybe
be the maybe the land of milk and honey, and
it is, but it requires a skill set to boost
the production of milk and honey. So there's a market
for it. They, you know, in the United States, have
(16:53):
a skill. That's it a marketable skill. I guess that's
the question. As has been said for centuries, the better
mouse trap, and the world will be the path to
your door. Sayings like that still hold a lot of truth.
And in a world where machines outproduce unskilled labor, there's
just not as much demand for unskilled labor as there
(17:14):
used to be. Right, build the machines to do it.
But then, as always, we have the moral mandate to
help those less fortunate than we than we are. And
in a world of high productivity demands and well, if
the high productive, the high productivity, the demands at competitive
(17:39):
prices that only the skilled survive comfortably, and only those
who prepare themselves through education and work can succeed more.
Just the way it is, there's no easy answer to
include everyone, and no less an authority than Jesus said,
(18:00):
the poor you will always have with you. He said it.
It's in the Bible, and that implies that we have
an obligation to help the poor. But the more of
us who can help move the engines of progress, then
the less poor we will have to care for. How's
the old saying, go give him a matter of efficient
(18:22):
he eats for a day, Teach a man to fishent
he eats forever. And we all have obligations to one another,
and we also all have ability. Some abilities come naturally,
others require proper training. So at the very least, we
have an obligation to prepare ourselves to be able to
(18:44):
do something that generates an income. And the good news
is this is the good news. The incoming Trump administration
is going to bring new opportunities to succeed in life
and find our way to a better standard of living.
That's that's his goal. Successful outcomes require effort. Unfortunately, most
(19:09):
Americans have enough initiatives to put forth the effort to
get ahead in one field or another. It's in our DNA,
handed down to us from our ancestors who managed to
get us as far along as we are now. But
there are no wildernesses is to cut through, right, they've
(19:31):
cut the force down. The pioneer days are over. There's
there's no you know, the plows to turn the fields
by hand. Today's skills require a new initiative, but within
the same spirit of our ancestors and those who came
before us. But the old saying of building a better
mouse trapped, and the world will be the path to
(19:54):
your door, well, that still holds true. It remains us
through today as when it was first spoken a long
long time ago. I guess maybe one hundred years ago
somebody quoted that particular comment about building a better mouse
(20:16):
trap and the world will be the path through your door. Well.
FBI Director Christopher Ray, rather than being fired by incoming
President Donald Trump, is resigning his position as FBI Director,
a physician to which he was appointed to by Donald Trump.
(20:36):
The Ray's resignation was technically a stop a sort of
that old maneuver of saying you can't fire me. I
quit because Trump said he was going to fire when
he right after he became president, once he took the oath,
he was going to fire Ray. Well, Rai's out, and
plainly it was it's his own fault. It was Christopher
(20:59):
Ray who ordered the FBI raid on Trump's home at
Mari Lago, at the behest of Attorney General Merrick Garland,
and who worked constantly. Merrick Garland worked constantly to try
and have Donald Trump arrested and put in prison by
doing everything he could with what has now been dubbed
(21:21):
law fair, which essentially is twisting the law, twist the
law to harm innocent people. Yeah, all all those people
going after Trump and he's still standing. I guess it's
true that somebody up there must like him. They used
(21:43):
to say that about Rocky Grotziana Rocky Groziana book. He says,
somebody up there likes me. He was a famous boxer
that came up tough on the streets of New York
City and he made it and anyhow somebody there likes him.
So somebody up there likes Trump. To back right after that,
(22:03):
just try.
Speaker 1 (22:04):
To turn a neckl in to a die that's the
bottom line.
Speaker 3 (22:11):
I want to invite our listeners to find out what
a risk number can do for them. Visit what is
My Risk Number? Dot com? 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
(22:33):
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 high degree of certainty. That
is what is my risk number? Dot Com? Again, what
is my risk number? Dot Com?
Speaker 1 (22:51):
We're just trying to turn a neckle in to a die.
That's the bottom line.
Speaker 3 (22:57):
Welcome back, ladies and gentlemen. You're listening, that's the bottom line.
You're weekly broadcast on KLBI. That tells it like it
is now. It's time for this Today's dirty little secret.
And people who live in class houses should not throw rocks.
(23:18):
It's an old saying that implies people shouldn't be critical
of another's actions, when in fact, they're often just as
guilty as the people they're criticizing. Now, many of you
are aware that former Fox personality Pete Hegseeth is a
military veteran he's been nominated to become the next US
(23:39):
Secretary of Defense by incoming President Donald Trump. Heg Seth
is being criticized by the Democrats and some Republicans of
being a hard drinking womanizer, so that's what they're holding
against him. Heg Seth has denied such charges, but has
(24:00):
been known to hit the model and also to have
had extramarital affairs before marrying his president wife. Egsith says
he's being attacked unfairly and promises if appointed US Defense secretary,
he's going to stop drinking all together. It seems most
of us have heard stories of women throwing themselves at
(24:24):
powerful men. Right, you've all heard that now, So here
he is. He's a young fella. I believe he was
a major decorated military man and on television a TV star.
He's on the Fox network and Trump picked him the
(24:45):
Secretary of Defense. So how many stories have we heard
about our incoming president Donald Trump? Right? You know a
lot of women they're just attracted to powerful men a lot.
And we've heard a lot about how past presidents as
well have had girlfriends on the side. Well, hegcept didn't
(25:10):
have a girlfriend on the side. He was going through
a divorce, as I understand it, at a one night
stand with a woman any out. But let's talk about
marital fidelity, okay. John F. Kennedy was said to have
had many affairs, some with famous movie stars like Marilyn Monroe,
(25:34):
even back to the fellow of the FDR. Even even
back to then, it's been said that FDR was having
an elicit affair with another woman. And we also have
heard a lot about our former and soon to be
president once again, Donald Trump and his alleged affairs. And
(25:56):
some say that women are naturally attracted to powerful men,
and I guess maybe it's probably true. In some I
don't know if it's true or not. They say that
if it's true, I don't know, or maybe it's just nature.
You know, in the world of politics, entertainment, and elsewhere,
the phenomenon of women being attracted to powerful men seems
(26:20):
to be common. And when the men are already married
and depending on which political party they belong to, and
are having a marital affairs extra marital affairs, it's a
scandal if they're a Republican, But usually the Democrats, the
(26:41):
corrupt news media just kind of gives them all the
cover they need. In the case of Pete Hegseith, you know,
his bad boy behavior was between marriages, and he has
promised if appointed Secretary of Defense, he'll not drink alcoholic
beverage ever again. All right, now, incoming President Trump is
(27:04):
trying to put people in his cabinet he can trust.
That's what this is all about. Trump. You know, he
doesn't need any Ron Rosenstein's or William Bars in his
cabinet like happened the last time he was president and
found himself being betrayed by some of the very many
(27:25):
he appointed, including the current FBI Director Christopher Ray, that
I told you about a few minutes ago. You know,
Trump appointed, but then Ray worked with Democrats and orchestrating
FBI raids on Trump's Mary Lago estate. Well, this time around,
Trump plans to surround himself with people he can trust
(27:48):
to carry out his orders and not be a lackey
of the Washington, DC bureaucracy. Now we've all heard the
wise crack about how presidents come and go, but the
bureaucracy lives forever. During Trump's first term, he assumed those
individuals serving in his cabinet would be loyal to his administration.
(28:13):
But they weren't, and I think most of us are
aware of that now. And Trump has to make sure
he doesn't make the same mistake twice. That's what all
this is about, you know, the people that he's appointing
to his cabinet. And that's the big thing going on
in Washington, d C. Right now, because you know, the Democrats,
of course, are against it. And the funny thing about
(28:34):
Republicans is a lot of them have a hard time
getting on the team. In other words of you've got
you've got some Republicans that are going to buck Trump. Anyhow, well,
Trump has to make sure that he doesn't make the
same mistake twice on who he puts on. You know,
who he appoints. Trump must appoint individuals to cabinet positions
(28:59):
that he can expect to be loyal to him and
help him carry out the responsibilities of his administration. That's
only common sense. How's the old saying, go fool me once,
shame on you. Fool me twice, shame on me. And
that's probably it in a nutshell's horizontal Trump's concern. Trump
(29:20):
has enemies in the House and Senate, and while most
of them are Democrats. There are a few Republicans that
only be so happy to work against him. Well, the
Washington DC bureaucracy is really a snake bit of conniving
people who would probably gladly sell their own mothers if
they thought they could get away with it. Trump has
(29:42):
certain people he feels he can trust to be appointed
to cabinet positions, and his enemies would be more than
happy to try to prevent those appointees from winning Senate approvals.
So that's what's going on in DC right now. Trump
knows better the second time around, and with only four
years to save America from ruin, he has to make
(30:05):
sure he surrounds himself with capable and loyal people to
help him carry out his duties. It's really no more
complicated than that last time around. Trump was stabbed in
the back and they went so far as to try
and throw him in prison. The Democrats still want to
do that, but to the grace of God, Trump outsmart them,
(30:31):
and for that I think we can all be grateful.
Because he's back there again. He's going to take the
oath of office here in the month almost But latest
news out of Manhattan the plot against Trump is still occurring.
He's a dedicated man who wants to make America great again.
(30:55):
And I guess there's a lot of people that could
care less about the future sure of the United States,
and they're more loyal to their political parties. We all
want to be successful, and the key for you, ladies
and gentlemen, to achieve financial independence means that you would
(31:15):
have the ability to meet your financial goals, whatever they are.
So ask yourself, are you satisfied with your present wealth,
how do you handle financial emergencies, how will you provide
for your children's education, and finally, will you be able
to retire comfortably? That Asset Growth Associates we can answer
(31:40):
those questions and much more so. You need to take
the time to call us our phone numbers four oh
nine eight, four oh sixty nine hundred. If you live
in far away places, well, then the numbers one eight
sixty six seven, two eight three six nine seven and
(32:00):
we'll be back with more right after this.
Speaker 1 (32:02):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 3 (32:07):
This is Gene Valerati of Ascent Growth Associates. If you've
been watching recent news, a few banks have had a
run where customers panic and withdraw all their money at once,
causing the banks to fail. If that isn't worrying enough.
On January first, twenty twenty three, the Federal Reserve set
(32:28):
a new low reserve trunch for net transaction accounts to
six hundred and ninety one point seven million dollars, meaning
that banks with net transaction account balances up to this
amount are subject to a reserve requirement ratio of zero percent.
(32:49):
You heard me right, Zero reserve requirements Forget fractional reserve banking.
How about zero reserve banking? Why would the Federal Reserve
create this environment of uncertainty? If this is a concern
to you, and it should be, we can show you
how to protect yourself and how to locate and utilize
(33:11):
financial institutions with very real reserves, not zero reserves. Give
us a call an Asset Growth Associates one eight six
six seven two eight three six nine seven. That's eight
six six seven two eight three six ninety seven. You
can also reach us locally in Beaumont, Texas by dialing
(33:33):
four oh nine eight four oh sixty nine hundred. Give
us a call. You'll be glad that you did.
Speaker 1 (33:39):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 3 (33:45):
Welcome back, ladies and gentlemen you're listening to that's the
bottom line. You're weekly broadcast on k LVII five sixty am.
You can listen to this show Saturday mornings starting at
six am, and then again it is rebroadcast at eleven
am on Sunday morning. And you can listen to this
(34:08):
show and past shows anytime you want by logging on
to savemyretirement dot com. You can find it there, and
you can also find the program just by putting in
your computer search engine. That's the bottom line, radio show
to find us there too. We're all over the internet.
It's time for coollution, ladies and gentlemen, time for a solution.
(34:32):
And for those of you listening to this morning support
who are currently planning for retirement or already retired, you
should give yourself every possible advantage, both while you're accumulating
your savings or already receiving your retirement income. Asset Growth
(34:54):
Associates can help you. That's the business that we're in,
that asset growth as we can help our clients plan
every day with ideas on how to accumulate money and
offer ways to consider building safety nets into their portfolios
so they don't risk running out of money at an
(35:15):
advanced age. And Some of our clients prefer traditional investing
methods which include elements of risk. Others prefer adding some
principal protection elements as part of a plan to avoid risk.
The stock market can be a fickle mistress. Well, let's
just put not can be a fickle mistress. The stock
(35:37):
market is a fickle mistress, and losing money during a
market downturn at an advanced age is devastating if recovery
doesn't occur quickly. A downturn in the stock market can
take years to recover, and liquidating an account too quickly
can also threaten solvency. Principal protection plan guarantee money is
(36:01):
never lost due to a market decline, and if properly
liquidated for old age, income can last for more than
one lifetime. That's why you often hear me stay Proper
planning prevents poor performance. Planning is what we help our
clients do at Asset Growth Associates by inputting their individual
(36:24):
risk tolerance levels into the planning process to determine how
much safety and how much risk should be put into
a retirement income plan. That's okay to take some risk
when time's on your side and there's years to recover
a financial loss. But listen to me, the order we get,
(36:45):
the less time we have, right, you know that that's
common sense. The older we get, the less time we
have to overcome those financial losses. And why we suggest
to you that building in some safety nets in your
financial plan, using some principal protection might be a good idea.
(37:08):
We've got a lot of clients that have and they're
doing just bye plans linked to the markets to accumulate growth,
but immune from losses during the market downturn. And what
principal protection really does is put time on your side
because there's never a wait through time after a downturn
(37:31):
to recover lost revenue because money's never lost to begin with.
And to learn more about principal protection and how we
do our work at Asset Growth Associates, take the content
to call us four oh nine eight four oh sixty
nine hundred. If you live in far off places, we
have a total free number you can use one eight
(37:53):
six six seven two eight three six nine seven And
if you have a computer, you can log gone to
save my Retirement dot com. Learn all about us at
that website. Schedule a time there too to come in
and visit with us, or just contact us online and
save my retirement dot com. Okay, telephone or computers. We
(38:17):
live in the modern age now, it's easy to reach
us while visiting our website. Also click onto the link
that said the risk number link. What is my risk number?
You answer a few questions to establish your individual risk
number and then visit with us so that we can
(38:38):
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and are you investing according to your own risk? You
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four sixty nine hundred. Log on to save my retirement
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eight three six nine seven. Reach us any any of
those ways and we'll set some time aside that you
can visit with us and we will help you save
your retirement. And we'll do it with the different products.
(39:21):
And we have.
Speaker 5 (39:22):
A big, big, big institutions, financial institutions that issue these contracts,
and they're issued by large insurance companies and as you know,
insurance companies have all the money.
Speaker 3 (39:39):
Everybody says that, so it must be true at any event.
Come in, talk to us, and we'll set you up
where you won't have to worry about your future, where
you can have a nice, safe and happy retirement. Because
that's really what we do for a living, it's important
for us to mention it on the radio. We'll be
back with closing comments right after this.
Speaker 1 (40:01):
We're just trying to turn a necke in die. That's
the bottom line. We're just trying to turn a necke
in what die?
Speaker 4 (40:12):
That's the bottom line.
Speaker 3 (40:27):
Back, ladies and gentlemen, you're listening to the closing moments
of this week's broadcast of That's the bottom Line on
kld I. You can listen to this show Saturday mornings
at six, Sunday mornings at eleven, and then again anytime
you want by logging on to either save my retirement
(40:48):
or bog on. So that's the bottom Line radio show.
You can find us on the internet. You can listen
to the past shows there too. Well. We're free americansies
and gentlemen, and part of being free means you should
plan for your future by setting funds aside now for
(41:10):
future use. That's what Investing's about how many people can
do that by participating in their employer sponsored savings plans
such as for one K's or similar employer sponsored savings plans.
But the closer one gets to retirement, the more important
(41:30):
it is to protect your nest egg. At Asset Growth Associates,
we have plans which both grow and protect nest eggs
from market losses. If you have funds available for transfer,
now would be a good time to call us and
visit with us. Our number in the four to oh
(41:51):
nine area you god is four oh nine eight, four
oh sixty nine hundred. That office is in Beaumont, Texas,
where I'm talking to you from this morning. Four oh
nine eight, four oh sixty nine hundreds the number to call.
You meet with us in person, and we can show
you how to save your retirement. If you live in
(42:16):
far away places, as I like to say, the eight
hundred number we have one eight six six seven two
eight three six nine seven. You can call us on
that number two to reach us for an appointment. Investing
money now for future use makes sense if you've already
grown a st egg and you hope to retire with
your nest egg intact and still keep it growing for
(42:39):
or using the funds for income in the future. Now's
the time to call you. Call us four oh nine
eight four oh sixty nine hundred. We'll set an appointment
up and we'll go over everything with you and we
will help you put a plan together that will fit
your needs and keep that money coming in and have
(43:00):
a better retirement experience. Right Well, clock on the wall
says we're running out of time one way or another.
We're running out of time, right and that's the truth.
So we're going to close today's show, but we'll be
back next week. In the meantime. God bless you, and
God bless freedom loving Americans.
Speaker 4 (43:24):
That's the bottom line.
Speaker 2 (43:27):
You can reach asset growth associates by calling one eight
six six seven to eight thirty six ninety seven are
by visiting savemretirement dot com.
We're just trying to turn a necke into a dime.
That's the bottom line.
Speaker 2 (00:16):
Welcome to real honest talk about money, politics, news and
information you can actually use.
Speaker 3 (00:24):
Buckle up and hold on tight.
Speaker 2 (00:26):
This is that's the bottom.
Speaker 4 (00:28):
Line, the best thing in life of breed.
Speaker 3 (00:36):
But you can give them to the bath and.
Speaker 4 (00:38):
Be the line.
Speaker 3 (00:42):
That's como every every week. Welcome this is. That's the
bottom line with yours truly, Gene Valaretti, your weekly radio
broadcast that tells it like it is on KLVII five
sixty a m. Saturdays at six in the morning and
(01:05):
then again on Sundays at eleven in the morning. Also,
we welcome those of you who listen to this weekly
report by logging on to Savemyretirement dot com or simply
logging onto That's the bottom Line radio show. I'm a
partner at Asset Growth of Celsius. We have offices located
(01:26):
in Dallas, Houston, and Beaumont, Texas, where we offer investment,
pension and retirement planning services, as well as income tax
returns for individuals, families, and businesses. Hey, we do it
all at Asset Growth Associates, including representing our clients who
may be having difficulty with the irs, often being able
(01:49):
to negotiate a settlement, and occasionally even paying nothing at all,
sometimes negotiating a fresh start as well. As I say,
we do it all. We've been serving our clients in
Texas and Louisiana for decades now. On today's report, among
our topics, we have some comments about two young twenty
(02:12):
six year old Americans. The first a man of modest
means and a US Marine who saved lives on a
New York subway train, and another twenty six year old
from wealth and privilege who killed a healthcare executive in
cold blood. A tale of true Americans, one a hero,
(02:34):
the other a murderer. Our second segment visits the subject
of natural born citizenship and why just being born in
the United States entitles someone to citizenship. President Trump says
he wants to change that. Today's Dirty Little Secret has
(02:57):
commentary of why people live in houses should never be
throwing rocks, and Today's Solutions segment offers insight into why
it's necessary to plan for your financial future and to
do it in a way that limits risks and guarantees results.
(03:17):
And listen, ladies and gentlemen, Tax season comes right right
after the first of the year. You know that we
can help you with all types of tax returns and
when it comes to investing money for future use, we
do that too. So why don't you find out about
what we do by logging onto either savemy Retirement dot
(03:38):
com or what is My Risk Number dot com. You
can answer a brief number of questions. The computer program
will assign you an investment risk number between one and
ninety nine. It will show you if you're currently investing
according to your risk tolerance. Listen, it's a free service
(04:00):
that we offer, So log on to Save my Retirement
dot com. Do it today, and while you're there, sign
up for our free newsletter which offers a lot of
tax and investment tips. Well, listen, I've got a lot
to cover. Let's get started once again. This is Geene
Valerani reporting. Okay, I'm going to start today's report of
(04:22):
something you've probably have been hearing about all week. Two
young Americans made the news this past week, twenty six
year old Luigi Mangione and this twenty six year old
Daniel Penny. Daniel Penny, a recently discharged US marine, was
(04:43):
put on trial in New York City for essentially being
a hero on the subway there when he put a
man in a troke cold who was threatening passengers. The
story's interesting from the standpoint of two young Americans, both
twenty six years old. The marine was put on trial
(05:03):
when the subway assailant, high on drugs and threatening passengers,
succumbed to the marine's choke hold and died. The other,
twenty six year old, Luigi Mangioni, allegedly shot a healthcare
executive in cold blood in the back. Who killed him?
(05:25):
All right? These are the two twenty six year olds.
Daniel Penny. The marine was put on trial in New
York and thankfully was acquitted by the jury and set free.
Luigi Mangioni was arrested in Altoona, Pennsylvania. He had got
out of New York after he had committed a murder there.
They found him in a McDonald's restaurant when a worker
(05:48):
saw a picture of him on television and called the police.
Two young men the same age won the son of upscale,
well to do parents, Louis Mangione. He was a college graduate.
He murdered the insurance executive in cold blood with a
handmade pistol and the other, a twenty six year old
(06:12):
from a family of modest means, having served a hitch
in the Marine Corps, has returned for military service and
just now began his studies to become an architect. How
ironic is it that the system was so quick to
put the US Marine sergeant on trial for stopping a
would be assailant, while the other twenty six year old,
(06:35):
mister Mangoni, felt he was above the law, or more correctly,
able to outsmart the law to the point of allegedly
committing murder. As to the Manhattan District Attorney, Melvin Bragg,
I know we've been hearing that name for years now. Well,
Melvin Bragg, he's the district attorney in Manhattan. He had
(06:57):
Daniel Penny, the Marine, put on trial for preventing the
late Jordan Meely from robbing passengers on a Manhattan subway train.
There must be a a bizarre decision that makes no
sense to me. You put the hero on trial for
(07:17):
causing the death of an assailant and the process of
robbing subway passengers shows the prosecutor to be the enemy
of the people rather than someone who upholds the law
by protecting the people. Quite a dichotomy, there isn't it.
If anything, we need more Daniel Penny's in the world
(07:38):
than Melvin Braggs and Jordan Neely's. Jordan Eelys he was
the fellow that was robbing people on the train. Now,
it would seem to me that Daniel Pettiam Marine, who
puts his strength to work for those two afraid or
unable to fight for themselves, he should never have been
(08:00):
put on trial for intervening on that subway to stop
passengers from being robbed by a drug crazed assailant. Thankfully,
the jury felt the same way and they found Penny innocent.
But unfortunately, Daniel Penny still faces legal jeopardy and the
father of the man Penny choked on the train is
(08:23):
throwing him and has raised millions of dollars in legal
defense funds to use against the marine hero. As William
mcgern of The Wallstree Journal wrote last week, and I'm
quoting him, there's a common misconception that marines don't get scared,
said mister Penny. And one of our core values is
(08:46):
courage encourages not the absence of fear, but how you
handle fear. Penny admits he was scared, but when he
looked around, he saw the assailant yelling in the faces
of women and children, and Penny said that point he
could no longer just sit there. Using his military training,
mister Penny leapt into action brought the assailant down, holding
(09:09):
him in a choke hold, causing the drug induced to
stalen to succumb from the drugs, not from the choke hold.
Little question, Penny did the right thing. Not so Luigi Mangioni,
who is going to be sent back to Manhattan to
stand trial for the murder of Brian Thompson. United Healthcare
(09:31):
chief executive officer. Mangoni's been taken into custody after a
McDonald's customer in Altoona, Pennsylvania, recognized him at a McDonald's
place eating hash browns. He had to take his mask
off to eat the hash browns and that's when they
recognized his face. Mangoni says he acted alone and added
(09:55):
that Brian Thompson had to be killed. That was the executive,
he said, the health insurance executive. Manzoni said he had
to be killed and that's why he did it. Sounds
like he's a little off center. There to me. He
also claims to be suffering from back pain and allegedly
blames the insurance company for not being able to treat
(10:18):
his pains. Manzoni said he killed Thompson because he was
furious over the prophet driven health care industry in the
United States. And they say he was recognized by someone
when he lowered his face as I just told you
to eat hash browns at a McDonald's restaurant. My goodness,
(10:40):
what a what a story in the two young men,
both of them twenty six years old, just gives you
a picture as to what goes on in this world
and how the Mangione he comes from a very wealthy
family of the newspapers are saying, so apparently he came
(11:03):
up in what they call that the lap of luxury
and the marine the uh he he just average guy,
grew up. He's going to go to school now to
become an architect. But that's an interesting story. And that's
what happened this past week, and I thought it was
(11:23):
worth it to put point out the difference between these
two individuals and and what what what their lives are,
where they came from, and and the mess and the
whole thing that was going on. Okay, now you know,
Now you know, as Paul Harvey used to say, the
(11:43):
rest of the story, Listen, I've got a lot more
to cover here this morning. Please don't go away, Uh,
stay tuned, because we've got a lot more information to
give you that's worth listening and learning about. We'll be
back right after these messages.
Speaker 1 (11:59):
Where's just trying to turn a nickel into a dive.
That's the bottom line.
Speaker 3 (12:10):
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
(12:32):
help you. Ladies and gentlemen can call us whole free
at one eight six six seven two eight three six
nine seven.
Speaker 1 (12:40):
We're just trying to turn a nickel into a dime.
Speaker 4 (12:44):
That's the bottom line.
Speaker 3 (12:51):
People move now. From now we will move.
Speaker 4 (13:01):
You can't even.
Speaker 3 (13:16):
Welcome back, ladies and gentlemen you're listening to. That's the
bottom line. You're weekly broadcast on KLVI. That tells it
like it is. President Trump plans to issue an executive
order that does awagh with automatically granting US citizenship to
anyone born in the United States. That's what he's going
(13:38):
to do when he takes office, That's what he said.
Trump's age are studying the subject and considering how far
to push the scope of what legally grants US citizenship
to newborn babies. As it is right now, if you're
born in the United States, you're a citizen. Automatically, unequivocally,
you're born here, You're an American. Now, what happens is
(14:01):
a lot of the illegals come across, they come here.
Some of these women are pregnant, and the babies born
in the United States, and so the little baby is
automatically an American citizen. Well, this is an issue that
they're looking at. The Trump's looking at more specifically, if
children born in the United States and both parents came
(14:23):
here illegally or were visiting on a tourist visa, should
not automatically grant their children a US citizenship. That's how
Donald Trump's thinking these days. In any event, President Trump's
transition team is exploring the matter as his inauguration day
(14:44):
draws closer. Trump said he would sign on day one
an executive order directing federal agencies to require a child
to have at least one parent be either a US
citizen or a legal permanent resid cident for the child
to automatically become a US citizen. Now, many Americans have
(15:06):
little idea how much people around the world wish they
could reside here in the United States. While incoming President
Trump would like to accomplish the issue by an executive order,
many scholars civil rights groups say citizenship authority cannot be
changed by a president's executive order, so that's one of
(15:28):
the things that's going to be coming up in the
whenever after Trump takes office. Nonetheless, despite the difficulties of
attaining citizenship as an American can be well, they're going
to tighten it over the next four years of the
incoming Trump administration. Besides setting higher standards for a foreigner
(15:49):
to become a US citizen, immigrating here will require immigrants
to bring skills with themness as well as to boost
job market opportunity. Trump is definitely going to push for
future immigrants to have skills in order to settle here.
Is as to where that will stand to those in
(16:12):
opposition to Trump. Remains to be seen, but one would
expect some opposition to leaving the door wide open. Realistically,
foreigners wishing to come here should have skills they can
use to obtain employment, as opposed to coming here not
being able to read or write, or possess skills in
(16:32):
the building trades and agriculture. Now, the United States maybe
be the maybe the land of milk and honey, and
it is, but it requires a skill set to boost
the production of milk and honey. So there's a market
for it. They, you know, in the United States, have
(16:53):
a skill. That's it a marketable skill. I guess that's
the question. As has been said for centuries, the better
mouse trap, and the world will be the path to
your door. Sayings like that still hold a lot of truth.
And in a world where machines outproduce unskilled labor, there's
just not as much demand for unskilled labor as there
(17:14):
used to be. Right, build the machines to do it.
But then, as always, we have the moral mandate to
help those less fortunate than we than we are. And
in a world of high productivity demands and well, if
the high productive, the high productivity, the demands at competitive
(17:39):
prices that only the skilled survive comfortably, and only those
who prepare themselves through education and work can succeed more.
Just the way it is, there's no easy answer to
include everyone, and no less an authority than Jesus said,
(18:00):
the poor you will always have with you. He said it.
It's in the Bible, and that implies that we have
an obligation to help the poor. But the more of
us who can help move the engines of progress, then
the less poor we will have to care for. How's
the old saying, go give him a matter of efficient
(18:22):
he eats for a day, Teach a man to fishent
he eats forever. And we all have obligations to one another,
and we also all have ability. Some abilities come naturally,
others require proper training. So at the very least, we
have an obligation to prepare ourselves to be able to
(18:44):
do something that generates an income. And the good news
is this is the good news. The incoming Trump administration
is going to bring new opportunities to succeed in life
and find our way to a better standard of living.
That's that's his goal. Successful outcomes require effort. Unfortunately, most
(19:09):
Americans have enough initiatives to put forth the effort to
get ahead in one field or another. It's in our DNA,
handed down to us from our ancestors who managed to
get us as far along as we are now. But
there are no wildernesses is to cut through, right, they've
(19:31):
cut the force down. The pioneer days are over. There's
there's no you know, the plows to turn the fields
by hand. Today's skills require a new initiative, but within
the same spirit of our ancestors and those who came
before us. But the old saying of building a better
mouse trapped, and the world will be the path to
(19:54):
your door, well, that still holds true. It remains us
through today as when it was first spoken a long
long time ago. I guess maybe one hundred years ago
somebody quoted that particular comment about building a better mouse
(20:16):
trap and the world will be the path through your door. Well.
FBI Director Christopher Ray, rather than being fired by incoming
President Donald Trump, is resigning his position as FBI Director,
a physician to which he was appointed to by Donald Trump.
(20:36):
The Ray's resignation was technically a stop a sort of
that old maneuver of saying you can't fire me. I
quit because Trump said he was going to fire when
he right after he became president, once he took the oath,
he was going to fire Ray. Well, Rai's out, and
plainly it was it's his own fault. It was Christopher
(20:59):
Ray who ordered the FBI raid on Trump's home at
Mari Lago, at the behest of Attorney General Merrick Garland,
and who worked constantly. Merrick Garland worked constantly to try
and have Donald Trump arrested and put in prison by
doing everything he could with what has now been dubbed
(21:21):
law fair, which essentially is twisting the law, twist the
law to harm innocent people. Yeah, all all those people
going after Trump and he's still standing. I guess it's
true that somebody up there must like him. They used
(21:43):
to say that about Rocky Grotziana Rocky Groziana book. He says,
somebody up there likes me. He was a famous boxer
that came up tough on the streets of New York
City and he made it and anyhow somebody there likes him.
So somebody up there likes Trump. To back right after that,
(22:03):
just try.
Speaker 1 (22:04):
To turn a neckl in to a die that's the
bottom line.
Speaker 3 (22:11):
I want to invite our listeners to find out what
a risk number can do for them. Visit what is
My Risk Number? Dot com? 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
(22:33):
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 high degree of certainty. That
is what is my risk number? Dot Com? Again, what
is my risk number? Dot Com?
Speaker 1 (22:51):
We're just trying to turn a neckle in to a die.
That's the bottom line.
Speaker 3 (22:57):
Welcome back, ladies and gentlemen. You're listening, that's the bottom line.
You're weekly broadcast on KLBI. That tells it like it
is now. It's time for this Today's dirty little secret.
And people who live in class houses should not throw rocks.
(23:18):
It's an old saying that implies people shouldn't be critical
of another's actions, when in fact, they're often just as
guilty as the people they're criticizing. Now, many of you
are aware that former Fox personality Pete Hegseeth is a
military veteran he's been nominated to become the next US
(23:39):
Secretary of Defense by incoming President Donald Trump. Heg Seth
is being criticized by the Democrats and some Republicans of
being a hard drinking womanizer, so that's what they're holding
against him. Heg Seth has denied such charges, but has
(24:00):
been known to hit the model and also to have
had extramarital affairs before marrying his president wife. Egsith says
he's being attacked unfairly and promises if appointed US Defense secretary,
he's going to stop drinking all together. It seems most
of us have heard stories of women throwing themselves at
(24:24):
powerful men. Right, you've all heard that now, So here
he is. He's a young fella. I believe he was
a major decorated military man and on television a TV star.
He's on the Fox network and Trump picked him the
(24:45):
Secretary of Defense. So how many stories have we heard
about our incoming president Donald Trump? Right? You know a
lot of women they're just attracted to powerful men a lot.
And we've heard a lot about how past presidents as
well have had girlfriends on the side. Well, hegcept didn't
(25:10):
have a girlfriend on the side. He was going through
a divorce, as I understand it, at a one night
stand with a woman any out. But let's talk about
marital fidelity, okay. John F. Kennedy was said to have
had many affairs, some with famous movie stars like Marilyn Monroe,
(25:34):
even back to the fellow of the FDR. Even even
back to then, it's been said that FDR was having
an elicit affair with another woman. And we also have
heard a lot about our former and soon to be
president once again, Donald Trump and his alleged affairs. And
(25:56):
some say that women are naturally attracted to powerful men,
and I guess maybe it's probably true. In some I
don't know if it's true or not. They say that
if it's true, I don't know, or maybe it's just nature.
You know, in the world of politics, entertainment, and elsewhere,
the phenomenon of women being attracted to powerful men seems
(26:20):
to be common. And when the men are already married
and depending on which political party they belong to, and
are having a marital affairs extra marital affairs, it's a
scandal if they're a Republican, But usually the Democrats, the
(26:41):
corrupt news media just kind of gives them all the
cover they need. In the case of Pete Hegseith, you know,
his bad boy behavior was between marriages, and he has
promised if appointed Secretary of Defense, he'll not drink alcoholic
beverage ever again. All right, now, incoming President Trump is
(27:04):
trying to put people in his cabinet he can trust.
That's what this is all about. Trump. You know, he
doesn't need any Ron Rosenstein's or William Bars in his
cabinet like happened the last time he was president and
found himself being betrayed by some of the very many
(27:25):
he appointed, including the current FBI Director Christopher Ray, that
I told you about a few minutes ago. You know,
Trump appointed, but then Ray worked with Democrats and orchestrating
FBI raids on Trump's Mary Lago estate. Well, this time around,
Trump plans to surround himself with people he can trust
(27:48):
to carry out his orders and not be a lackey
of the Washington, DC bureaucracy. Now we've all heard the
wise crack about how presidents come and go, but the
bureaucracy lives forever. During Trump's first term, he assumed those
individuals serving in his cabinet would be loyal to his administration.
(28:13):
But they weren't, and I think most of us are
aware of that now. And Trump has to make sure
he doesn't make the same mistake twice. That's what all
this is about, you know, the people that he's appointing
to his cabinet. And that's the big thing going on
in Washington, d C. Right now, because you know, the Democrats,
of course, are against it. And the funny thing about
(28:34):
Republicans is a lot of them have a hard time
getting on the team. In other words of you've got
you've got some Republicans that are going to buck Trump. Anyhow, well,
Trump has to make sure that he doesn't make the
same mistake twice on who he puts on. You know,
who he appoints. Trump must appoint individuals to cabinet positions
(28:59):
that he can expect to be loyal to him and
help him carry out the responsibilities of his administration. That's
only common sense. How's the old saying, go fool me once,
shame on you. Fool me twice, shame on me. And
that's probably it in a nutshell's horizontal Trump's concern. Trump
(29:20):
has enemies in the House and Senate, and while most
of them are Democrats. There are a few Republicans that
only be so happy to work against him. Well, the
Washington DC bureaucracy is really a snake bit of conniving
people who would probably gladly sell their own mothers if
they thought they could get away with it. Trump has
(29:42):
certain people he feels he can trust to be appointed
to cabinet positions, and his enemies would be more than
happy to try to prevent those appointees from winning Senate approvals.
So that's what's going on in DC right now. Trump
knows better the second time around, and with only four
years to save America from ruin, he has to make
(30:05):
sure he surrounds himself with capable and loyal people to
help him carry out his duties. It's really no more
complicated than that last time around. Trump was stabbed in
the back and they went so far as to try
and throw him in prison. The Democrats still want to
do that, but to the grace of God, Trump outsmart them,
(30:31):
and for that I think we can all be grateful.
Because he's back there again. He's going to take the
oath of office here in the month almost But latest
news out of Manhattan the plot against Trump is still occurring.
He's a dedicated man who wants to make America great again.
(30:55):
And I guess there's a lot of people that could
care less about the future sure of the United States,
and they're more loyal to their political parties. We all
want to be successful, and the key for you, ladies
and gentlemen, to achieve financial independence means that you would
(31:15):
have the ability to meet your financial goals, whatever they are.
So ask yourself, are you satisfied with your present wealth,
how do you handle financial emergencies, how will you provide
for your children's education, and finally, will you be able
to retire comfortably? That Asset Growth Associates we can answer
(31:40):
those questions and much more so. You need to take
the time to call us our phone numbers four oh
nine eight, four oh sixty nine hundred. If you live
in far away places, well, then the numbers one eight
sixty six seven, two eight three six nine seven and
(32:00):
we'll be back with more right after this.
Speaker 1 (32:02):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 3 (32:07):
This is Gene Valerati of Ascent Growth Associates. If you've
been watching recent news, a few banks have had a
run where customers panic and withdraw all their money at once,
causing the banks to fail. If that isn't worrying enough.
On January first, twenty twenty three, the Federal Reserve set
(32:28):
a new low reserve trunch for net transaction accounts to
six hundred and ninety one point seven million dollars, meaning
that banks with net transaction account balances up to this
amount are subject to a reserve requirement ratio of zero percent.
(32:49):
You heard me right, Zero reserve requirements Forget fractional reserve banking.
How about zero reserve banking? Why would the Federal Reserve
create this environment of uncertainty? If this is a concern
to you, and it should be, we can show you
how to protect yourself and how to locate and utilize
(33:11):
financial institutions with very real reserves, not zero reserves. Give
us a call an Asset Growth Associates one eight six
six seven two eight three six nine seven. That's eight
six six seven two eight three six ninety seven. You
can also reach us locally in Beaumont, Texas by dialing
(33:33):
four oh nine eight four oh sixty nine hundred. Give
us a call. You'll be glad that you did.
Speaker 1 (33:39):
We're just trying to turn a nickel into a dime.
That's the bottom line.
Speaker 3 (33:45):
Welcome back, ladies and gentlemen you're listening to that's the
bottom line. You're weekly broadcast on k LVII five sixty am.
You can listen to this show Saturday mornings starting at
six am, and then again it is rebroadcast at eleven
am on Sunday morning. And you can listen to this
(34:08):
show and past shows anytime you want by logging on
to savemyretirement dot com. You can find it there, and
you can also find the program just by putting in
your computer search engine. That's the bottom line, radio show
to find us there too. We're all over the internet.
It's time for coollution, ladies and gentlemen, time for a solution.
(34:32):
And for those of you listening to this morning support
who are currently planning for retirement or already retired, you
should give yourself every possible advantage, both while you're accumulating
your savings or already receiving your retirement income. Asset Growth
(34:54):
Associates can help you. That's the business that we're in,
that asset growth as we can help our clients plan
every day with ideas on how to accumulate money and
offer ways to consider building safety nets into their portfolios
so they don't risk running out of money at an
(35:15):
advanced age. And Some of our clients prefer traditional investing
methods which include elements of risk. Others prefer adding some
principal protection elements as part of a plan to avoid risk.
The stock market can be a fickle mistress. Well, let's
just put not can be a fickle mistress. The stock
(35:37):
market is a fickle mistress, and losing money during a
market downturn at an advanced age is devastating if recovery
doesn't occur quickly. A downturn in the stock market can
take years to recover, and liquidating an account too quickly
can also threaten solvency. Principal protection plan guarantee money is
(36:01):
never lost due to a market decline, and if properly
liquidated for old age, income can last for more than
one lifetime. That's why you often hear me stay Proper
planning prevents poor performance. Planning is what we help our
clients do at Asset Growth Associates by inputting their individual
(36:24):
risk tolerance levels into the planning process to determine how
much safety and how much risk should be put into
a retirement income plan. That's okay to take some risk
when time's on your side and there's years to recover
a financial loss. But listen to me, the order we get,
(36:45):
the less time we have, right, you know that that's
common sense. The older we get, the less time we
have to overcome those financial losses. And why we suggest
to you that building in some safety nets in your
financial plan, using some principal protection might be a good idea.
(37:08):
We've got a lot of clients that have and they're
doing just bye plans linked to the markets to accumulate growth,
but immune from losses during the market downturn. And what
principal protection really does is put time on your side
because there's never a wait through time after a downturn
(37:31):
to recover lost revenue because money's never lost to begin with.
And to learn more about principal protection and how we
do our work at Asset Growth Associates, take the content
to call us four oh nine eight four oh sixty
nine hundred. If you live in far off places, we
have a total free number you can use one eight
(37:53):
six six seven two eight three six nine seven And
if you have a computer, you can log gone to
save my Retirement dot com. Learn all about us at
that website. Schedule a time there too to come in
and visit with us, or just contact us online and
save my retirement dot com. Okay, telephone or computers. We
(38:17):
live in the modern age now, it's easy to reach
us while visiting our website. Also click onto the link
that said the risk number link. What is my risk number?
You answer a few questions to establish your individual risk
number and then visit with us so that we can
(38:38):
compare it to your current portfolio. How you're investing right now,
and are you investing according to your own risk? You
know your risk quotient? Okay four to oh nine eight
four sixty nine hundred. Log on to save my retirement
(38:59):
dot calm long distance one eight six six seven two
eight three six nine seven. Reach us any any of
those ways and we'll set some time aside that you
can visit with us and we will help you save
your retirement. And we'll do it with the different products.
(39:21):
And we have.
Speaker 5 (39:22):
A big, big, big institutions, financial institutions that issue these contracts,
and they're issued by large insurance companies and as you know,
insurance companies have all the money.
Speaker 3 (39:39):
Everybody says that, so it must be true at any event.
Come in, talk to us, and we'll set you up
where you won't have to worry about your future, where
you can have a nice, safe and happy retirement. Because
that's really what we do for a living, it's important
for us to mention it on the radio. We'll be
back with closing comments right after this.
Speaker 1 (40:01):
We're just trying to turn a necke in die. That's
the bottom line. We're just trying to turn a necke
in what die?
Speaker 4 (40:12):
That's the bottom line.
Speaker 3 (40:27):
Back, ladies and gentlemen, you're listening to the closing moments
of this week's broadcast of That's the bottom Line on
kld I. You can listen to this show Saturday mornings
at six, Sunday mornings at eleven, and then again anytime
you want by logging on to either save my retirement
(40:48):
or bog on. So that's the bottom Line radio show.
You can find us on the internet. You can listen
to the past shows there too. Well. We're free americansies
and gentlemen, and part of being free means you should
plan for your future by setting funds aside now for
(41:10):
future use. That's what Investing's about how many people can
do that by participating in their employer sponsored savings plans
such as for one K's or similar employer sponsored savings plans.
But the closer one gets to retirement, the more important
(41:30):
it is to protect your nest egg. At Asset Growth Associates,
we have plans which both grow and protect nest eggs
from market losses. If you have funds available for transfer,
now would be a good time to call us and
visit with us. Our number in the four to oh
(41:51):
nine area you god is four oh nine eight, four
oh sixty nine hundred. That office is in Beaumont, Texas,
where I'm talking to you from this morning. Four oh
nine eight, four oh sixty nine hundreds the number to call.
You meet with us in person, and we can show
you how to save your retirement. If you live in
(42:16):
far away places, as I like to say, the eight
hundred number we have one eight six six seven two
eight three six nine seven. You can call us on
that number two to reach us for an appointment. Investing
money now for future use makes sense if you've already
grown a st egg and you hope to retire with
your nest egg intact and still keep it growing for
(42:39):
or using the funds for income in the future. Now's
the time to call you. Call us four oh nine
eight four oh sixty nine hundred. We'll set an appointment
up and we'll go over everything with you and we
will help you put a plan together that will fit
your needs and keep that money coming in and have
(43:00):
a better retirement experience. Right Well, clock on the wall
says we're running out of time one way or another.
We're running out of time, right and that's the truth.
So we're going to close today's show, but we'll be
back next week. In the meantime. God bless you, and
God bless freedom loving Americans.
Speaker 4 (43:24):
That's the bottom line.
Speaker 2 (43:27):
You can reach asset growth associates by calling one eight
six six seven to eight thirty six ninety seven are
by visiting savemretirement dot com.
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