June 14, 2025 • 47 mins
Christy Smith, founder of Presley Wealth Management and Matt Kennedy, investment adviser representative, discuss issues that affect your retirement planning and how you can build a plan to help reduce risk and implement wealth accumulation strategies. Learn more at presleywealthmanagement.com and then, if you would like to have a conversation around your specific situation, set up an appointment online at meetwithusnow.com or by calling (225) 791-5773.
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Episode Transcript
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Speaker 1 (00:00):
When the news is national.
Speaker 2 (00:01):
SOB, security system molatility, global turmoil, interest rates, rough Dane
Wall Street.
Speaker 3 (00:05):
Your money matters. When it's Louisiana Local serving the Greater
Baton Rouge area, your money matters. And when it's your
time to retire, Presley Wealth Management presents your Money Matters
with Christy Smith.
Speaker 4 (00:20):
In reality, we're always going to have positives and negatives
going on in retirement. And that's where I believe it's
so important that you do have a full pledge retirement plan.
Speaker 2 (00:30):
And Matt Kennedy, maybe you're thinking, hmm, should I take
Social Security at sixty two, at sixty seven, at seventy
These are things you don't do every day. It's what
we do every day.
Speaker 3 (00:40):
The conversation starts now this is your money Matters.
Speaker 1 (00:49):
Welcome to your money Matters. I'm Mark Elliott alongside Christy Smith,
the founder of Presley Wealth Management, and Matt Kennedy, an
investment advisor representative, a certified a State planner with Presley
Wealth joined the team in late two thousand and eight.
We are glad you are with us today. You can
always find out more by going to the website Presleywealthmanagement
dot com Presleywealthmanagement dot Com. A lot of great information there.
(01:11):
You can find out aboupcoming events, find out more about
Christy Matt and the team. There's just a lot in
from the office new office. Shoot, it's a lot going
on with Christian Matt and the team at Presley Wealth Management.
If you want to talk to him. You got some questions, right?
Can I retire? Do we have enough? Are we going
to be? Okay? It is two two five five two
three sixty three eighty nine. Two two five five two
(01:33):
three sixty three eighty nine, and that is a texting line.
You can call, obviously and talk to somebody, but you
can also just text the word visit and then the
team will get back to you and you set it up. Hey,
I'm kind of busy right now, but i'd I really
need to see Christian Matt and the team. I gotta
figure out where we are on that road to retirement.
Are we good? Are we not good? Do we need
to tweak something? Just text the word visit the two
two five five two three sixty three eighty nine. Two
(01:58):
two five five to two three sixty three eighty nine.
All right, Christy, We're gonna start with one of the challenges, certainly,
and it's been this way. You started the company in
O six. You were in the business before that, of course,
And we're going to talk about your book in the
next couple segments, so we're going to get into all
of the history and all of that. Why would you
write a book? And pretty impressive. It's a great looking book,
(02:18):
it's easy read, a lot of great information there. But
you think about it the since you started, and probably
before that. The biggest concern of retirees is the fear
amount living their money. I don't think that was the
fear for like my grandparents who had pensions and all
of that. But your dad had a pension and things
went a little walky there, so I don't know. I mean,
(02:40):
two thirds of investors in this global Atlantic study don't
I mean, they're worried about their money lasting. And this
was people that were fifty five to seventy five, that
had two hundred and fifty thousand dollars saved to five
million or some crazy number like that, and they were
still concerned about outliving their money. That's still the biggest.
Speaker 5 (02:56):
Fear, absolutely the number one concern.
Speaker 4 (03:00):
And people come in to meet with us at the
office is do I have enough money to retire and
live on? But with market volatility, people tend to get
they get worried if they don't have a complete plan.
They see their market accounts going down, they get concerned
that they're gonna have to make adjustments to their income,
(03:20):
and they absolutely are concerned about outliving their money, especially
with rising health care costs. We see a lot of
our clients that are living much longer in retirement. We
see people are needing long term care services now more
than ever, and believe it or not, you know, we
typically would look at long term care services in your
(03:41):
no go years, which you know I always tell clients
we have our go go years, our slogo years.
Speaker 5 (03:46):
And our no go years.
Speaker 4 (03:48):
Well, in your no Goo years, you typically would think
you would spend less money, but in reality, in the
no go years, we spend more than even in our
go go because typically we're doing it for long term
care costs which are not covered under Medicare or private
health insurance unless you have like a long term care policy.
Speaker 5 (04:08):
To pay for that.
Speaker 4 (04:09):
So we do see that the number one concern is
outliving their money.
Speaker 1 (04:15):
Now, Matt, that study was actually it was the ages
I was right fifty five to seventy five, but it
was two hundred and fifty thousand dollars to two million saved.
So if you had two to five million, you're not
worried anymore. I guess according to this study, thirty percent
I'm We're worried. But you think about it, as Christy said, healthcare,
long term care, we don't know what's going to happen,
so it's hard to project. You don't know how long
your clients will live. Maybe one hit seventy five, the
(04:36):
other one hits ninety five, maybe they both hit one hundred.
You don't know, and then you throw in kind of
that outlier inflation. So longevity, healthcare, and inflation, those are
three pretty big unknowns you got to plan for.
Speaker 2 (04:47):
They're huge unknowns, and you know, I know Christy will
echo this, but so many of you are asking the
question do we or do I have enough? You see,
what's enough for you may not be nearly enough for
your neighbor. What's enough for your neighbor may not be
nearly enough for you. There's no magic number, Christy. Don't
you love when you see these articles? I'm being facetious.
(05:09):
I see them sometimes in the Wall Street Journal or
Barons magazine, the average America needs one point four million
dollars to retire. Well, if you live in Ethel Louisiana
versus San Diego, California, you just don't need nearly as
much money. The cheapest state in America for a retiree
is West Virginia. I saw this study the other day.
Overall expenses, Mississippi is the second cheapest state. Louisiana is
(05:33):
one of the cheaper states. But if you go to
California or Oregon or some Ver or Washington, then obviously
you need more money. But also what's your lifestyle, right, Christy,
So just because you only have five hundred thousand dollars
doesn't mean you're not going to be okay. And just
because you have one point five million, it doesn't mean
(05:54):
you're going to be okay. Turning that money into reliable income.
That's what we do, and that's what the big concern is.
From that same study you mentioned, mark stability is a
key priority. Sixty five percent of those surveyed. Again we're
talking ages fifty five to seventy five, sixty five percent
(06:15):
prioritize lifetime income over asset accumulation. So it's not necessarily
how big is my nest egg, it's how long will
my nest dig last?
Speaker 1 (06:26):
That's the key. So again, if you'd like to have
a conversation with Christy Matt and the team at Presley Wealth,
just give him a call at two two five five
two three sixty three eighty nine. Two two five five
two three sixty three eighty nine. You can also just
text the word visit if you would like to, and
then the team will get back to and you guys
set up a time to have a fifteen minute conversation
and then you see from there, hey, we should really
(06:46):
come in and sit down and let's talk a little
bit more seriously about this. But you can certainly get
some answers just by having that just text word visit
two two five five two three sixty three eighty nine.
And Christy, I would think when they walk through your
smart program, if you will, your smart retirement process, I
would think that kind of alleviate some of that fear
(07:06):
of outliving our money. I mean, the more we plan
and at least put it down on paper, we kind
of know where we are, we have a better feeling
about the future.
Speaker 4 (07:14):
I would think we absolutely do, and the key to
that is actually having a plan. Mark you would not
believe how many people come into the office. They've actually
already retired. They just are coming in for a second
like a checkup or the biggest thing is they come
in because they want to look at their tax concerns
(07:36):
simply because their current advisor hasn't addressed it with them.
They hear us talking about taxes all the time on
the radio, and a lot of times that's actually why
they call us to come in and meet with us.
Having a complete, holistic plan is, in my opinion, one
of the most important things you can do before retiring.
And the reason for that is because if you have
(07:58):
a complete plan, we've taken the time to look at Okay,
the markets are not always going to be great now.
They were great for a good long time, and if
you retired in the last ten years, you probably did
pretty well. However, there are going to be times where
the markets are not doing great and they're not favorable
(08:19):
and you can get nervous, and getting nervous in retirement
while you're drawing retirement income can be one of the
worst things that can happen, because then you make decisions
based on emotions. You don't want to make decisions on emotions,
want to You want to make decisions based on facts.
So what we do with our smart plan is we
create a income plan. We know where are we going
(08:42):
to draw your retirement income, regardless whether the market is
up or down. And that's part of having a real plan.
Speaker 2 (08:50):
Mark in two thousand and eight, when I came to
work with Christy, I was observing what was happening, Christy,
will let go this. The single biggest concern wasn't just wow,
we've lost you know, thirty five, thirty eight to forty
percent of our portfolio. That was a huge concern. But
that was the biggest concern, right Christy, for people who
were about to retire and thought, well, now have to
work longer. But I remember the real tiers and the
(09:13):
real cleinicx was spent on the people who were drawing
from that asset that had declined so much in value
that the advisor said, you'll be okay if you withdraw
a lot less money every month. Well, that changed their
whole lifestyle. So stability of income is the key, right Christy.
Speaker 5 (09:32):
It absolutely is.
Speaker 4 (09:33):
You know, some people don't have a written financial plan,
and it makes it very hard to feel confident about
their future in retirement. A written plan can ensure steady
income streams and preserve your lifelong savings from inflation and
rising cost We have a process. It starts with our
Serve model, and I want to help you. This is
(09:55):
what we do every day. Call us and we can
help you create a pendable income stream so you don't
have to rely solely on unpredicted markets. We can help
you understand the biggest risk to your savings, including inflation,
healthcare cost and the lack of predictable income, and also taxes.
(10:17):
We can help you build a safeguard with your financial
future and give you confidence in retirement in the future.
This is what we do. This analysis is completely free.
There's no obligation, but you need to call now. Call
two two five five, two three six, three eight nine
to schedule your complementary retirement income review. You're just going
(10:40):
to text the word visit. After this review, you're going
to know exactly where you stand. You're going to have
a clear plan to help protect your financial future. This
isn't about chasing high risk rewards. It's about making sure
your savings last as long as you do don't wait.
Call two two five five two three six three eight nine.
(11:04):
Two two five five two three six three eight nine,
or you can text that number. Just text the word
visit and we'll get in touch with you to schedule
a complimentary visit.
Speaker 1 (11:16):
Matt. It seems to me this is one of the
crazy things. As Christy said, most people do not have
a written retirement plan. They've not sat down with a
retirement planning team like Presley Wealth Management.
Speaker 2 (11:25):
Why it's because the vast majority of people giving advice
and the vast majority of you receiving advice, think that
your investments are your plan. No, your investments are your investments,
and a lot of advisors like to talk about, well,
you're in this fund and that fund, and that's your investments.
That's a tool. But to build a financial future, you
(11:45):
have to know how the tools will construct the physical
house that lead to the stable, reliable income. Again, if
you'd like to get with us, simply text the word
visit to two two five five two three sixty three
eighty nine. You can also call the number, but it's
two two five five two three six three eight nine.
Text the word visit and that'll give us some information
(12:07):
and we can reach out and set up a time
talk about giving you the confidence in retirement that you
so richly deserve.
Speaker 1 (12:15):
When do we come back, We're gonna give you an
opportunity to get Christy's book. Her first chapter of her
book kind of get a feel for it, but it's
Unlock your Smart Plan, A comprehensive guide to Retirement in
Louisiana by Christy Smith. That's next right here on Your
Money Matters with Christy and Matt back after this.
Speaker 6 (12:33):
Since twenty fifteen, Christy Smith and Presley Wealth Management have
been committed to creating holistic financial plans. We help clients
with income, investment, medical, tax and legacy planning called two
two five, five two three sixty three eighty nine. Or
visit presleywealth dot com to see how they can help
(12:53):
you in retirement.
Speaker 4 (12:56):
With pay us on the news and uncertainty in the markets.
Are you worry that your retirement savings could be at risk? Hi?
Speaker 5 (13:02):
This is Christy Smith with Presley Wealth Management.
Speaker 4 (13:05):
Tariffs, trade wars, and a shaky stock market have left
many retirees asking what's next for my financial future? If
you've been asking that question, it's time to take action.
Comes sit down, with me and my team so that
we can review your financial plan and help make sure
that you're prepared for the challenges ahead. Just call two
two five five two three six three eight nine for
(13:27):
a free visit. Together, we'll create a strategy to help
you preserve what you've worked so hard to build. Don't wait.
Call me Christy Smith at Presley Wealth Management at two
two five five two three six three eight nine to
schedule your visit. There's no cost to meet, but my
calendar is filling up fast. Called two two five five,
two three six three eight nine.
Speaker 6 (13:49):
Investment advisory services offered through AE Wealth Management LLC, a
registered investment advisor. Textbook to two two five five two
three six three eight nine to get an instant download
of chapter one of Christy Smith's book, Unlock Your Smart Plan.
That's book to two two five five two three sixty
(14:13):
three eighty nine.
Speaker 1 (14:16):
Welcome back to your Money Matters with Christy Smith and
Matt Kennedy of Pressley Wealth Management. I'm Mark Elliott again.
If you would like sit down with the team and
have a conversation, just text the word visit to two
two five five two three sixty three eighty nine. Two
two five five two three sixty three eighty nine. Now
we're going to talk about Christy's brand new book. You
also have the opportunity to just text the word book
(14:38):
to that same number two two five five two three
sixty three eighty nine, and you'll get the first chapter
e download. I don't know. I'm sixty five. I don't
know how that works, some fancy thing through the internet.
You'll get the first chapter of Unlock Your Smart Plan,
A Comprehensive Guide to Retirement in Louisiana by Christy Smith.
Christy Smith, a published author. How do you feel? I mean,
(15:00):
you sign autographs? Are there like red carpet every time
you walk into the office because you're now a big
time writer.
Speaker 4 (15:06):
No, but it does make me smile when a client
asked me while I sign their book for them.
Speaker 1 (15:12):
I gotta like that. I gotta like that. So let's
talk about this though, because this is a pretty cool deal.
It's Unlock your Smart Plan, and that is your process
right the smaart and they all stand for different things.
Sources of income, Medicare and healthcare, advanced retirement planning, the
risk management part of your portfolio, and then of course taxes.
(15:33):
That is a smart plan what made you want to
write the book? And I know you start the book
by explaining your dad situation, who'd retired from Exon in
great shape and things didn't go the way he was hoping.
Speaker 4 (15:46):
Well, you know, everything we do at Presley Wealth Management
really revolves around the story of my dad. And it's
crazy how market conditions, when they become turbulent, bring that
back to the like forefront, you know, because you get
to do in the same thing every day. Market conditions
are favorable, you just sometimes forget, but when things get
(16:09):
a little turbulent, it reminds you.
Speaker 5 (16:11):
So the wombs have been pretty fresh lately.
Speaker 2 (16:13):
You know.
Speaker 4 (16:13):
For me, it really revolves around my dad. I mean,
my dad was a guy that worked hard. He worked
at Exxon. He was an operator at Exxon. He retired
at fifty eight years old. Mark, I'm never going to
forget the day we had his retirement party because he
was Number one, was so proud Number two. He couldn't
(16:35):
wait to give my mom a tennis bracelet that he
bought for her. You know, he got the watch, she
got a tennis bracelet, and it was an exciting day
for our family because my dad was such a hard worker.
He worked shiftwork, you know, my entire life. And my
mother drove a school bus typically for the school we
went to, and as soon as the kids graduated from
(16:58):
high school, she turned in her school bus keys because
she did not want the school board pension. She wanted
my dad's social Security benefits. So, you know, for us,
that was a really proud moment. But I got to
tell you, my dad was very private. He didn't talk
much about his money. I do remember him telling us
that he had chosen who was going to invest the money.
(17:20):
He was so confident that he was going to never
outlive his money that he went through the trouble of
creating his estate plan. He created a trust that was
going to be left to his grandchildren, and he was
very proud of that. I mean, he was so proud
of that. But other than that, I didn't really ask
him a lot of questions about it because he didn't
(17:42):
really talk about his money to us. I mean, I
grew up in a family where we just really didn't
talk much about it. You know, I'll never forget the
day that I went to see him. My mother passed
away quickly after he retired, and Sunday was the day
we all gathered, we went to his house in Ethel.
(18:04):
My mom and dad built a new home in Ethel
on seven acres.
Speaker 5 (18:08):
He was so proud. He wanted to grow a garden.
Speaker 4 (18:10):
You know, my dad was from Simsport, Louisiana, so he
was from the country and he wanted to go back
to the country. And when my mom passed away, the
biggest concern for me was I had to make sure
and lay eyes on my dad on a regular basis
because I wanted to make sure he was okay. This
one Sunday, after we ate lunch, we're packing up the kids,
(18:32):
you know, I had three children. We're about to get
in the car to leave, and he says, Christy, can
I come see you at your office tomorrow. I looked
at him. I was like, yeah, I mean he had
never done that, Mark, I mean it was like, okay.
I remember getting in the car and my husband Rick.
He looked at me and he said, do you know
(18:54):
what he wants to come talk to you about. I
looked at him, I said, he's sick.
Speaker 5 (18:59):
He's sick. He's come and tell me he's sick. Now.
Speaker 4 (19:02):
The next day he came into the office and thanked
the lord He wasn't sick, but what he was is scared.
And the reason he was scared is because the market
had literally taken like half of his retirement portfolio away.
And I'll never forget that day when he reached in
his pocket, it was his jacket pocket. He grabbed his
(19:24):
statement out. He pushed it. He didn't like hand it
to me. He slowly pushed it across the table and
he gave it to me and he said, baby, I
need help. And I remember looking at a statement and
the first thing out of my mouth was, Dad, where's
the rest of your money? And he said, Noe, that
is the rest of my money. And that's why I'm here.
And you know, back then, I was literally only in
(19:46):
the insurance industry. You know, I didn't build complete retirement
plans for people. I didn't even understand the importance of it.
But what I did have his friends. And I had
a friend that you know, was had a securities license.
I said it to him, I said, hey, can you
help me with this is for my dad. He called
me and he said, Christy, your dad is ninety percent
(20:07):
invested in stocks. I'm like, what that's his He's retired,
he's living off that. I remember asking my dad about
it and he said, yeah, I was told they were
I was just going to live off the dividends and
not have to worry about it. But you know, when
half of your money's gone, you act emotional, which is
exactly what my dad was doing. And it was a
moment in my life that changed me. I believe had
(20:31):
that moment not happened, I would not be where I'm
at today, because it is truly what drives us at
Presley Wealth Management to do what we do every day.
We since then have evolved where we are, you know,
securities license, We build complete holistic plans, and the Smart
Plan really came from a good friend of mine, David
(20:53):
Brooks in Almaha, Nebraska. He believed that in order to
have a successful retirement you had to have a complete plan,
so he designed the Smart Plan and has graciously allowed
us to use it at Presley Wealth Management.
Speaker 1 (21:09):
If you would like a copy of the first chapter
of Christy's book, Unlock Your Smart Plan, A Comprehensive Guide
to Retirement in Louisiana, all you have to do is
text the word book to two two five five two
three sixty three eighty nine. That's text the word book
to two two five five two three sixty three eighty nine,
and you get the downloadable first chapter of this book.
(21:31):
And you know, Matt, one of the interesting things because
you guys have been doing the smart plan now for
a year two you were doing a version of it before.
He just didn't name it the smart plan. I think,
right say it because it's always been income, investment, taxes, healthcare,
legacy planning. Uh. But putting it this way, does it
make it easier for people to understand? Maybe?
Speaker 2 (21:49):
I think acronyms are wonderful because our acronym SMA RT
is an acronym that simply means s sources of income.
You know the words, do I have enough income to last?
And where's it coming from? Do I take my pension
lump some? Do I take my pension as payments? Do
I take Social Security at sixty two, sixty five, sixty
(22:10):
seven seventy? How do I coordinate my social security? Sources
of income? M is for medical and medicare. A is
for advanced planning, you know, wills, trust, things like that.
R is a big one. Risk management. If you're taking
on too much risk when you first retire and the
market turns sour. We call that a bad sequence of returns.
(22:34):
If that happens, guess what you can get wiped out
right when you retire. Now, if the market's bullish, you'll
be in great shape. So how do we mitigate too
much risk and yet still grow your portfolio? And T
is the big one. Maybe it should be first, Christie,
but it's last because SMA R T is for taxes.
Do you have a plan so that you don't pay
(22:55):
higher and higher and higher taxes the longer you continue
to live? Of most people have been sold to buil
with goods. You've been told all your taxes will always
be lower in retirement, not necessarily. We'll talk more about that, uh,
and Christy talks about that in detail in the book.
If you'd like a copy of the book, or at
least a chapter two two five five, two three sixty
(23:17):
three eighty nine, just all you have to do is
text the word book to two two five five two
three six three eight nine. That's two two five five
two three six three eight nine. And all you have
to do is text the word book.
Speaker 1 (23:34):
So when we come back, we're going to talk more
about Christie's new book, Unlock Your Smart plan a comprehensive
guide to retirement in Louisiana. We're back with more right.
Speaker 5 (23:42):
After this text.
Speaker 6 (23:44):
Visit to two two five five two three sixty three
eighty nine to set up your complimentary meeting with the
Presley Wealth Management team. That's visit to two two five
five two three six three eight nine.
Speaker 2 (24:00):
A quarter twenty five cents.
Speaker 1 (24:02):
That's hardly anything.
Speaker 2 (24:03):
Right ah, But at Presley Wealth Management we see quarters
a little differently. A quarter is a lot when it's
a quarter.
Speaker 1 (24:10):
Of your retirement savings.
Speaker 2 (24:11):
So do you want to pay twenty five percent or
more in taxes during your retirement? At Presley Wealth we
help create a plan to help you address taxation. If
the only time you think about taxes is when you
file them, you don't have a tax strategy, but it's
not too late to get one. Act now to make
sure you're not paying a quarter, dime, or even a
penny more than you should, call Christy and the team
(24:32):
at Pressley Wealth Management at five two three sixty three
eighty nine. That's two two five five two three six
three eight nine to schedule your personalized tax strategy session.
A quarter saved as a quarter earned so called two
two five five two three sixty three eight nine. That's
two two five five two three sixty three eight nine.
Speaker 6 (24:52):
Investment advisory services offered through AE Wealth Management LLC, a
registered investment advisor firm, may not give tax advice. You
listen to Christy Smith and Matt Kennedy on the radio,
Now go in and talk with them in person. Let
them help you retire with confidence. Two two five five
two three sixty.
Speaker 5 (25:12):
Three eight nine.
Speaker 6 (25:13):
Or go online to Presleywealthmanagement dot com.
Speaker 1 (25:17):
Welcome back to your money matters with Christy Smith and
Met Kennedy of Presley Wealth Management. You can always go
to the website to learn more Presleywealthmanagement dot com. Presleywealthmanagement
dot com. I'm Mark Kellie. Glad you're with us again.
If you'd like to sit down and have a conversation,
we'll to have a phone conversation, maybe a fifteen minute
call to start with. Just text the word visit to
two two five five two three sixty three eighty nine.
(25:38):
That's two two five five two three sixty three eighty nine.
We're talking about Christy's brand new book today, The Unlock
Your Smart Plan, a Comprehensive guide to retirement in Louisiana,
And if you like the copy of the first chapter,
they'll just downloadable first chapter. Let's just send it right
to you. Text the word book to two two five
five two three sixty three eighty nine two five five
(26:00):
three sixty three eighty nine. So there's about one hundred
and thirty pages in this book. It's a pretty easy read,
and I think it's christy. I would imagine because you've
sat now with so many people over the last almost
two decades and talking about retirement, they kind of know
how people maybe kind of take in this information. Maybe
because the book is pretty easy to follow. I mean,
(26:23):
that was probably one of your goals. You didn't want
to get all you know, financial jargon ey in there.
Speaker 4 (26:27):
Well, the thing is for me is that I read
a lot, and I listen to a lot of books,
you know while I'm driving to work. And if something
is just too complicated for me to understand while I'm
just driving, then I'm probably not going to listen to it.
So I did want to make sure that this book
was written in a manner that was going.
Speaker 5 (26:42):
To be very easy to read. Actually, it's enjoyable.
Speaker 4 (26:45):
I've had four or five different people that I've given
it to call me and say, Christy, I love the book,
I love the story in it, I love how you
explain it. I wanted to make it as easy as
possible to understand, and you know, honestly, retirement planning can
be that easy as well. The biggest challenge is helping
someone feel confident to pick up the phone, because once
(27:08):
they come in to meet with us, they're going to
see that it's it's a very smooth, you know, servant
mind process. We're not here to sell anything. What we're
here to do is serve, and if we do our
job good enough, it's there's never going to be a
question of are we going to choose them? It's just
not because we're not going to make someone feel that way.
What we want to do is look to see how
(27:30):
we can make your current plan better. And if you
don't have a plan, how can we create a plan
that you can understand and implement and move forward and
have a confident retirement.
Speaker 1 (27:42):
So, Chris, here's a quick question for you, and we
know that your your book. Longevity, taxes, market volatility, retirement income,
social security four oh one k's iras roth iras annuities,
A state and legacy planning strategies, women retire, to pensions,
finding a financial professional. Those are the chapters. So I
played golf a a kind of a rural golf course,
(28:04):
a rural town, and it's not a big town, maybe
three to five thousand people, but it's kind of really
neat golf course. But when you drive in, there's like
thirty homes that I'm like, I could never afford one
of these houses. And I made a comment to the
person I was playing with that was from there. I said,
what in the world, how did this little town, how
there's so many people have so much money to buy
houses like that? And though they said, well, a lot
(28:25):
of them are farmer's widows, so that women retire too
is one of the things I'm sure you find very
important to talk about. And for your situation, it's kind
of different because it's not usually it's the male passes first.
For your dad, it was your mom. Holy cow, that's
kind of was shocking when you said that, No, there's
a lot of farmers widows that have these nice houses.
Speaker 4 (28:45):
Well, and what we're seeing is that, unfortunately, it is
a proven statistic. Currently women typically outlive men. Now in
my family, it didn't work that way. But for the
most part, what we see as women outlive men. And
you know, I think that's why it's so important that
women become involved in the retirement planning process. I mean,
(29:06):
you would be surprised how many females don't walk in
the door with their husband on the first visit, and
Matt and I both are going to say, hey, look,
on your next visit, can you make sure and bring
your spouse?
Speaker 2 (29:17):
And sometimes the husband will say, oh, she's not interested
in this, She'll just bring a book and read. I said,
it's okay. But it's funny how the ears perk up
when you start talking about Now, Bob, if something happens
to you, we hope you live a long, happy life.
But if something happens to you, to you say, in
two years, does Sally know she's going to be okay?
Do you have a plan? Well, of course she wants
(29:39):
to take care of her. But just because she's quote
not interested, doesn't mean that she's really not interested. It's
that she's never been spoken to in a way that
makes it make sense.
Speaker 1 (29:50):
That's what I find.
Speaker 4 (29:50):
Well, and she just doesn't feel empowered to be a
part of the conversation because typically she hasn't been while
her spouse was working and saving, right. You know, I
will say, Mark, that is starting to change some. We're
starting to see where women are becoming more involved in
the planning, and we're seeing where women are actually being
more proactive than men. Men a lot of times will
(30:13):
say unfortunately, I'm gonna pass away when I'm seventy, and
I'm of course, I look at them like mm hmm.
You know, you're probably gonna live a little longer than that.
But the thing is is that I find women are
becoming more involved than that excites me because women typically
are going to live longer. They're typically going to carry
the biggest tax burden when their spouse passes away, and
(30:36):
they've got big rmds they have to deal with now
filing a single tax return versus Mary Vile and joint.
They they're concerned with not wanting to leave a financial
burden on their children to have to take care of them.
You know, we see many couples taking care of their
parents right now, and I got to tell you they
(30:56):
don't want to leave that burden on their children.
Speaker 5 (30:59):
Because they're living it.
Speaker 4 (31:01):
So so women are becoming more involved, and I think
it's a matter of helping them feel confident that they
can and are capable of learning these things.
Speaker 1 (31:14):
So here's the deal. If you would like the first
chapter of the book, we'll send it to you where
it's downloadable, and then you can read the book and
then you can maybe have a conversation with the team
if you have questions about it. Text the word book
to two two five five two three sixty three eighty nine.
I think a lot of people go, well, Matt and Christy,
they're going to probably try to sell me something. And
I don't really understand all of this, so I mean
(31:35):
they might take advantage of me. And that is the
furthest thaying from your guys' mind, is selling them anything.
Just like you were talking about the four to one
K and I raising you may have or even reddle income.
None of that is a plan. Now, they're certainly factors
in creating the plan, but those tools are not the plan.
Speaker 2 (31:51):
No, they're not. I kind of think about it like this.
So my dad's a great builder. I mean he's a
retired preacher, but my dad is an amazing builder. He
could build anything. He built the t that we had
out in Erwinville for years, and I asked him one time,
I said, Dad, how are you such a good builder?
I can't draw a stick figure, I can't build anything.
And he said, because I can see the finished product
when the boards are still laying on the ground. He
(32:13):
could look at a pile of two by fours and
two by sixes in sheet rock and he could see
the finished product. That's what God has blessed us with.
So when you bring your four oh one case statements
and your I raise and your lump sum pension and
your pension paperwork to you, it's a major question.
Speaker 6 (32:27):
Is it enough?
Speaker 2 (32:28):
What happens if the market's bad? What happens the wood IFFs?
Right now, we can't prevent some what ifs Christy, people
do get sick, people die early. Things happen, right But
there's an old saying the sailor cannot control the wind,
but the sailor can adjust the sails. And so our
job is to build a planet is to see the
pile of lumbers, see the pile of sheet rock, see
the box of nails, and we can see that. You
(32:50):
need to know where your sources of income are reliable,
steady income, medicare planning, advance planning for wills, trust the states,
the stuff maybe that you have any even thought about,
or the stuff that you've been putting off and no
one has held you accountable for doing it. I had
someone tell me that a few weeks ago. They said, good,
I'm glad we're working with you guys, because we've put
(33:10):
off doing a will. Now we've talked about it for
ten years. Promise me that you'll hold us accountable. And
I said, here's the card, call the person and do
it this week. So sometimes it's about being held accountable,
but it's not pressure. I'm not a seller, Christy's not
a seller. April is not a seller. We're teachers. We're
going to teach you what you need to do and
(33:31):
empower you to make the decisions to have the retirement
that you deserve. And if you're already retire and you're thinking,
wait a second, nobody's ever talked to me about taxes
or a state planning, let's talk. So again. You can
just text the word visit to two two five five
two three sixty three eighty nine. You can also call
the number if you want to, but if you'd like
(33:52):
to text visit, text two two five five two three
six y three eight nine. Again text the word visit
or if you'd like to get the first chapter of
Christy's book, you'll get a link. Just text the word
book to that same number five two three sixty three
eight nine.
Speaker 1 (34:09):
It's a great opportunity, I think, to get a feel
for Presley Wealth Management and Christy Smith and Matt Kennedy
and kind of the process, so you're not going to
be maybe overwhelmed. The book walks you through step by
step and talks about all these different areas that you
really need to try to get a handle on before
you get into retirement. Maybe already retired. Great time to
get the book too, have some questions, Just text book
(34:30):
two two five five two three sixty three eighty nine.
Back to wrap it all up right after this, this
is your Money Matters with Christy Smith and Matt Kennedy
of Presley Wealth Management.
Speaker 6 (34:39):
Text book to two two five five two three six
three eight nine to get an instant download of chapter
one of Christy Smith's book, Unlock Your Smart Plan. That's
book to two two five five two three sixty three
eighty nine.
Speaker 4 (34:58):
With chaos on the news and uncertain in the markets,
are you worried that your retirement savings could be at risk. Hi,
this is Christy Smith with Presley Wealth Management. Tariffs, trade wars,
and a shaky stock market have left many retirees asking
what's next for my financial future. If you've been asking
that question, it's time to take action. Comes sit down
(35:18):
with me and my team so that we can review
your financial plan and help make sure that you're prepared
for the challenges ahead. Just called two two five five
two three six three eight nine for a free visit. Together,
we'll create a strategy to help you preserve what you've
worked so hard to build.
Speaker 5 (35:35):
Don't wait.
Speaker 4 (35:36):
Call me Christy Smith at Presley Wealth Management at two
two five five two three six three eight nine to
schedule your visit. There's no cost to meet, but my
calendar is filling up fast. Called two two five five
two three six three eight nine.
Speaker 6 (35:51):
Investment Advisory services offered through AE Wealth Management LLC, a
registered investment advisor.
Speaker 2 (36:00):
X.
Speaker 5 (36:00):
Visit to two two.
Speaker 6 (36:01):
Five five two three sixty three eighty nine to set
up your complimentary meeting with the Presley Wealth Management team.
That's visit to two two five five two three six
three eight nine.
Speaker 1 (36:16):
Lady with us today for your Money Matters with Christy
Smith and Matt Kennedy of Presley Wealth Management. If you'd
like to chat with the team, you certainly can just
text the word visit to two two five five two
three sixty three eighty nine. Visit to two two five
five two three sixty three eighty nine, and then you'll
set up a time to have a fifteen minute twenty
minute phone call with the team. Maybe you'll say, you
(36:36):
know what, really we're getting closer to return. We'll just
soon come in and have a conversation with you. We
can set that up as well, So a great opportunity
for I'm Mark Kelly Glander with us. We're going to
finish up the show with a little mail bag segment.
Christy and Maggot questions people all the time. Might be
in the grocery store line and they're like, wow, that's
a good question. We had to use that one on
our radio show. So we've got to create this mail bag,
a hodgepodge of questions and they're all over the place.
But I always say this when we do this segment,
(36:58):
because for Christy and Matt to give you the entire
answer that you're looking for, you have to be able
to sit down with them because they're gonna have follow
up questions. You're gonna have follow up questions. So our
first question comes from Ben and Denham Springs. And here's
the deal. Ben, Christy and Matt don't know from your question.
They don't know how old you are, they don't know
kind of money you have, They're not sure what your
hopes and dreams are for retirement. There's just a lot
(37:20):
more that goes into it. But they're going to do
their best answer the question in a general way in
this segment, so we always enjoy this. So Christy, you're up.
This comes from Ben and Denham Springs. Guys. I've had
a steady corporate job for thirty five years and my
wife has top piano lessons since we were married in
the early eighties. Her job helped us pay for groceries
and gave us some extra money to put away for
the future. But she does not have a job with
(37:40):
the four to oh one K or insurance benefits. How
can I make sure she'll be okay if something happens
to me?
Speaker 4 (37:48):
Well, the first thing you want to do is is
look at your current four to oh one K and
make sure that your wife is listed as your primary beneficiary.
You also want to look at any life insurance contracts
you have make sure she is the primary beneficiary because
you know, accounts that have beneficiary designations aren't going to
go through secession in Louisiana, so you want to make
(38:09):
sure you have that set up properly.
Speaker 5 (38:11):
You know.
Speaker 4 (38:11):
The second thing you might consider doing is looking at insurance.
What type of insurance. Well, you might consider either a
life insurance contract or even an annuity contract. You know,
an annuity can provide guaranteed income if something should happen
to you, if you've chosen the right plan. All contracts
are not identical, but you do have options.
Speaker 5 (38:33):
Been The first thing.
Speaker 4 (38:34):
I would do, though, is make sure your wife is
listed as your primary beneficiary. But if you'd like to
sit down with us to discuss your exact situation and
see are there ways that we can help you, just
text two two five, five, two three six three eight nine,
text the word visit and we'll get back in touch
with you and schedule a visit as soon as possible.
Speaker 1 (38:55):
All right, nice, All right, Next question, Matt, this one's
for you. This is Shelley and Baton Rouge. Were planning
on leaving much for our kids after we passed, but
now that our first grandchild has been born, we've changed
our minds. And then Shelley has a little in parentheses,
We should have had the grand kids first.
Speaker 5 (39:10):
I always say that.
Speaker 1 (39:11):
So Shelley says, is there a way for us to
leave them each a little something after we're gone the
grand Yeah.
Speaker 2 (39:18):
Sure, there's a multiple of ways that it can be done.
Everybody's situation is different, and like Christy was saying about
and you were saying Mark about the last situation, we
have to see the entire picture to be able to
give specific advice. So Shelley, I don't have any specific,
one magic tool that's gonna fix everything. But it depends
on two Do you want that money to be used
(39:41):
for their education? Do you want that money to be
something to help them buy their first home? But there
are numerous ways that you can set up something so
that they can they can benefit. And then but we
also want to do it right, Christy, in the most
tax efficient way possible. The last thing you want to
do is leave the child the young adult perhaps a
tax burden, but there's a multiplicity of things that can
(40:04):
be done. I think a lot of it depends on
what the parents think they may do. If they're sure
fire that kid's going to school, then maybe, for example,
a five two nine plan is good. If they're instead
going to maybe uh not need help with schooling.
Speaker 1 (40:18):
But like I said, help with the.
Speaker 2 (40:19):
First, you know, down payment on their first home. There's
different kinds of accounts for that mature It can absolutely
be done.
Speaker 1 (40:25):
All right, So here we go another question, Christy. This
one is for you, and again you can always just
call the team two two five five to two three
sixty three eighty nine. You can even just text the
word visit if you want to, and the team will
get back to you to set up a time. Two
two five five two three sixty three eighty nine. Christy,
this is for you. This comes from Gonzales. Betty says this.
My husband and I just started getting serious about preparing
(40:48):
for retirement. So we started going through all of our
monthly expenses and it was really eye opening. I had
no idea where it was all going each month. Now,
what should we do? Is that? Unc Well? I mean,
when people come in, they need to know what's going
out and what's coming in. I suppose but most probably
don't know those figures.
Speaker 4 (41:06):
Well, the crazy thing is Mark, is that Betty is
not unusual. We see this all the time. I mean,
people come in, we start working on building a plan.
The number one thing we need to know is how
much do you want to spend in retirement? How much
do you need to generate an income? So gathering up
all the expenses and it can be eye opening. But
(41:28):
the next thing we need you to do is look
at gathering all of your accounts. You know, your investment accounts,
your four oh one K, your IRA, any pension information,
social security information like brokerage account CDs. Because because the
part of the puzzle is going to be, okay, how
much do you have and how is it going to
(41:51):
be taxed when you spend it? And then how much
do you need? So you've started the process off right
by trying to determine how much you need, then we
need to look at how much do you have and
how is that money going to be taxed when you
live on it?
Speaker 1 (42:06):
And we've been telling you can text the word visit
to have a conversation with the team, and you can
just call them and have a chat. Two two five
five two three sixty three eighty nine. But I think
a great thing. All these questions are all over the place. Well,
a great opportunity for you to get Christy's book. Uh,
it's a fantastic book, Unlock your Smart Plan, A comprehensive
guide to retirement in Louisiana. If you'd like that first
(42:27):
chapter just downloadable. They'll send it right to you. Just
text the word book to two two five five two
three sixty three eighty nine. Just text book to two
two five five two three sixty three eighty nine. All right.
Final question Matt to you comes from Jack in Prayville.
I'm planning a relatively simple, quiet retirement. I've done most
of the traveling that I wanted to do, and I
(42:47):
only have one or two places that i'd like to
see someday. If I don't have anything big planned, Is
there really that much I should do for a retirement strategy.
Speaker 2 (42:55):
There's probably plenty you should do. Jack, do you have
kids grandkids that you want to make sure receive your
inheritance most tax efficiently without messing up their income taxes.
You didn't mention if you had a spouse or not,
But do you have a plan for something happens to you.
Maybe your spouse has big plans that you don't have.
(43:17):
I mean, we'd have to know more about your situation,
but I think your primary question is, Look, my life
is relatively simple. But think about the smart plan. It
sounds like you've got sources of income well in hand
because you're saying, I don't have anything big going on.
But what about medical What if something popped up later
in life that caused you to spend a significant amount
(43:37):
of your retirement portfolio? Would that mean that you leave
less of a legacy? Would that mean that you left
a spouse in a situation where they won't have nearly
as much money to draw from because medical bills ate
that up. There's an old saying, brother WILLI loves to
say it my dad. You know, it's not what you
don't know that could sometimes hurt you down the road.
It's what you think you know but you don't know exactly.
(44:01):
I know that's confusing, right.
Speaker 5 (44:02):
Yeah it is.
Speaker 4 (44:03):
And you know Dell Carnegie always says knowledge is powerful.
Speaker 5 (44:06):
When applied, Yes, when applied, when applied.
Speaker 4 (44:09):
And so the thing is is that you know, we're
here to serve, and there's all kinds of ways Jack
that things that can happen in your retirement that you
didn't plan for. We would love to sit down and
visit with you and see if you have a complete
holistic plan, because that's what we do. Again, if you
would like to receive a chapter of my book, the
(44:32):
first chapter of my book, you can text us at
two two five five two three six three eight nine.
Just text that number and put book in it two
two five five two three six three eight nine. Or
you can text the same number and type visit if
you would like to schedule a complimentary visit to meet
(44:54):
with either myself or one of our other advisors. You know,
what we do is help you create the plan in
so that you don't have to worry in retirement about
the what ifs, like where am I going to get
my income? How much am I looking at and paying
in taxes? Do I have too much risk to my portfolio?
We can't predict the entire like the future of the markets,
(45:15):
but we can build a plan. We can build a
smart plan, and that's what we do at Presley Wealth Management. Again,
if you'd like the first chapter of my book text
two two five five two three six three eight nine,
Just text the word book two two five, five, two, three, six,
three eight nine. You can use the same number and
text visit if you'd like to come into visit with us.
Speaker 3 (45:41):
Presley Wealth Management has a strategic partnership with tax professionals
and attorneys who can provide tax and or legal device.
Speaker 6 (45:46):
Investment advisory products and services made available through AE Wealth
Management LLC AEWM, a registered investment advisor. Insurance products are
offered through the insurance business the Presley Group. Presley Wealth
Management is an investment advisory practice that offers products and
services through AE Wealth Management LLCAWM, a registered investment advisor.
AWM does not offer insurance products. The insurance products offered
(46:09):
by the Presley Group are not subject to investment advisor requirements.
AWM and the Presley Group are not affiliated companies.
Speaker 5 (46:15):
Investing involves risk, including the potential.
Speaker 6 (46:18):
Loss of principle. Any references to protection, safety, or lifetime
income generally refer to fixed insurance products, never securities or investments.
Insurance guarantees are backed by the financial strength and claims
paying abilities of the issuing carrier. This radio show is
intended for informational purposes only. It is not intended to
be used as a sole basis for financial decisions, nor
should it be construed as advice designed to meet the
(46:38):
particular needs of an individual situation. The Presley Group is
not permitted to offer, and no statement made during the
show shall constitute tax or legal advice. Our firm is
not affiliated with, or endorsed by the US government or
any governmental agency. The information and opinions contained herein provided
by third parties have been obtained from sources believed to
be reliable, but accuracy and completeness cannot be guaranteed by
the Presley Group. This radio show is a paid placement
(47:00):
and
When the news is national.
Speaker 2 (00:01):
SOB, security system molatility, global turmoil, interest rates, rough Dane
Wall Street.
Speaker 3 (00:05):
Your money matters. When it's Louisiana Local serving the Greater
Baton Rouge area, your money matters. And when it's your
time to retire, Presley Wealth Management presents your Money Matters
with Christy Smith.
Speaker 4 (00:20):
In reality, we're always going to have positives and negatives
going on in retirement. And that's where I believe it's
so important that you do have a full pledge retirement plan.
Speaker 2 (00:30):
And Matt Kennedy, maybe you're thinking, hmm, should I take
Social Security at sixty two, at sixty seven, at seventy
These are things you don't do every day. It's what
we do every day.
Speaker 3 (00:40):
The conversation starts now this is your money Matters.
Speaker 1 (00:49):
Welcome to your money Matters. I'm Mark Elliott alongside Christy Smith,
the founder of Presley Wealth Management, and Matt Kennedy, an
investment advisor representative, a certified a State planner with Presley
Wealth joined the team in late two thousand and eight.
We are glad you are with us today. You can
always find out more by going to the website Presleywealthmanagement
dot com Presleywealthmanagement dot Com. A lot of great information there.
(01:11):
You can find out aboupcoming events, find out more about
Christy Matt and the team. There's just a lot in
from the office new office. Shoot, it's a lot going
on with Christian Matt and the team at Presley Wealth Management.
If you want to talk to him. You got some questions, right?
Can I retire? Do we have enough? Are we going
to be? Okay? It is two two five five two
three sixty three eighty nine. Two two five five two
(01:33):
three sixty three eighty nine, and that is a texting line.
You can call, obviously and talk to somebody, but you
can also just text the word visit and then the
team will get back to you and you set it up. Hey,
I'm kind of busy right now, but i'd I really
need to see Christian Matt and the team. I gotta
figure out where we are on that road to retirement.
Are we good? Are we not good? Do we need
to tweak something? Just text the word visit the two
two five five two three sixty three eighty nine. Two
(01:58):
two five five to two three sixty three eighty nine.
All right, Christy, We're gonna start with one of the challenges, certainly,
and it's been this way. You started the company in
O six. You were in the business before that, of course,
And we're going to talk about your book in the
next couple segments, so we're going to get into all
of the history and all of that. Why would you
write a book? And pretty impressive. It's a great looking book,
(02:18):
it's easy read, a lot of great information there. But
you think about it the since you started, and probably
before that. The biggest concern of retirees is the fear
amount living their money. I don't think that was the
fear for like my grandparents who had pensions and all
of that. But your dad had a pension and things
went a little walky there, so I don't know. I mean,
(02:40):
two thirds of investors in this global Atlantic study don't
I mean, they're worried about their money lasting. And this
was people that were fifty five to seventy five, that
had two hundred and fifty thousand dollars saved to five
million or some crazy number like that, and they were
still concerned about outliving their money. That's still the biggest.
Speaker 5 (02:56):
Fear, absolutely the number one concern.
Speaker 4 (03:00):
And people come in to meet with us at the
office is do I have enough money to retire and
live on? But with market volatility, people tend to get
they get worried if they don't have a complete plan.
They see their market accounts going down, they get concerned
that they're gonna have to make adjustments to their income,
(03:20):
and they absolutely are concerned about outliving their money, especially
with rising health care costs. We see a lot of
our clients that are living much longer in retirement. We
see people are needing long term care services now more
than ever, and believe it or not, you know, we
typically would look at long term care services in your
(03:41):
no go years, which you know I always tell clients
we have our go go years, our slogo years.
Speaker 5 (03:46):
And our no go years.
Speaker 4 (03:48):
Well, in your no Goo years, you typically would think
you would spend less money, but in reality, in the
no go years, we spend more than even in our
go go because typically we're doing it for long term
care costs which are not covered under Medicare or private
health insurance unless you have like a long term care policy.
Speaker 5 (04:08):
To pay for that.
Speaker 4 (04:09):
So we do see that the number one concern is
outliving their money.
Speaker 1 (04:15):
Now, Matt, that study was actually it was the ages
I was right fifty five to seventy five, but it
was two hundred and fifty thousand dollars to two million saved.
So if you had two to five million, you're not
worried anymore. I guess according to this study, thirty percent
I'm We're worried. But you think about it, as Christy said, healthcare,
long term care, we don't know what's going to happen,
so it's hard to project. You don't know how long
your clients will live. Maybe one hit seventy five, the
(04:36):
other one hits ninety five, maybe they both hit one hundred.
You don't know, and then you throw in kind of
that outlier inflation. So longevity, healthcare, and inflation, those are
three pretty big unknowns you got to plan for.
Speaker 2 (04:47):
They're huge unknowns, and you know, I know Christy will
echo this, but so many of you are asking the
question do we or do I have enough? You see,
what's enough for you may not be nearly enough for
your neighbor. What's enough for your neighbor may not be
nearly enough for you. There's no magic number, Christy. Don't
you love when you see these articles? I'm being facetious.
(05:09):
I see them sometimes in the Wall Street Journal or
Barons magazine, the average America needs one point four million
dollars to retire. Well, if you live in Ethel Louisiana
versus San Diego, California, you just don't need nearly as
much money. The cheapest state in America for a retiree
is West Virginia. I saw this study the other day.
Overall expenses, Mississippi is the second cheapest state. Louisiana is
(05:33):
one of the cheaper states. But if you go to
California or Oregon or some Ver or Washington, then obviously
you need more money. But also what's your lifestyle, right, Christy,
So just because you only have five hundred thousand dollars
doesn't mean you're not going to be okay. And just
because you have one point five million, it doesn't mean
(05:54):
you're going to be okay. Turning that money into reliable income.
That's what we do, and that's what the big concern is.
From that same study you mentioned, mark stability is a
key priority. Sixty five percent of those surveyed. Again we're
talking ages fifty five to seventy five, sixty five percent
(06:15):
prioritize lifetime income over asset accumulation. So it's not necessarily
how big is my nest egg, it's how long will
my nest dig last?
Speaker 1 (06:26):
That's the key. So again, if you'd like to have
a conversation with Christy Matt and the team at Presley Wealth,
just give him a call at two two five five
two three sixty three eighty nine. Two two five five
two three sixty three eighty nine. You can also just
text the word visit if you would like to, and
then the team will get back to and you guys
set up a time to have a fifteen minute conversation
and then you see from there, hey, we should really
(06:46):
come in and sit down and let's talk a little
bit more seriously about this. But you can certainly get
some answers just by having that just text word visit
two two five five two three sixty three eighty nine.
And Christy, I would think when they walk through your
smart program, if you will, your smart retirement process, I
would think that kind of alleviate some of that fear
(07:06):
of outliving our money. I mean, the more we plan
and at least put it down on paper, we kind
of know where we are, we have a better feeling
about the future.
Speaker 4 (07:14):
I would think we absolutely do, and the key to
that is actually having a plan. Mark you would not
believe how many people come into the office. They've actually
already retired. They just are coming in for a second
like a checkup or the biggest thing is they come
in because they want to look at their tax concerns
(07:36):
simply because their current advisor hasn't addressed it with them.
They hear us talking about taxes all the time on
the radio, and a lot of times that's actually why
they call us to come in and meet with us.
Having a complete, holistic plan is, in my opinion, one
of the most important things you can do before retiring.
And the reason for that is because if you have
(07:58):
a complete plan, we've taken the time to look at Okay,
the markets are not always going to be great now.
They were great for a good long time, and if
you retired in the last ten years, you probably did
pretty well. However, there are going to be times where
the markets are not doing great and they're not favorable
(08:19):
and you can get nervous, and getting nervous in retirement
while you're drawing retirement income can be one of the
worst things that can happen, because then you make decisions
based on emotions. You don't want to make decisions on emotions,
want to You want to make decisions based on facts.
So what we do with our smart plan is we
create a income plan. We know where are we going
(08:42):
to draw your retirement income, regardless whether the market is
up or down. And that's part of having a real plan.
Speaker 2 (08:50):
Mark in two thousand and eight, when I came to
work with Christy, I was observing what was happening, Christy,
will let go this. The single biggest concern wasn't just wow,
we've lost you know, thirty five, thirty eight to forty
percent of our portfolio. That was a huge concern. But
that was the biggest concern, right Christy, for people who
were about to retire and thought, well, now have to
work longer. But I remember the real tiers and the
(09:13):
real cleinicx was spent on the people who were drawing
from that asset that had declined so much in value
that the advisor said, you'll be okay if you withdraw
a lot less money every month. Well, that changed their
whole lifestyle. So stability of income is the key, right Christy.
Speaker 5 (09:32):
It absolutely is.
Speaker 4 (09:33):
You know, some people don't have a written financial plan,
and it makes it very hard to feel confident about
their future in retirement. A written plan can ensure steady
income streams and preserve your lifelong savings from inflation and
rising cost We have a process. It starts with our
Serve model, and I want to help you. This is
(09:55):
what we do every day. Call us and we can
help you create a pendable income stream so you don't
have to rely solely on unpredicted markets. We can help
you understand the biggest risk to your savings, including inflation,
healthcare cost and the lack of predictable income, and also taxes.
(10:17):
We can help you build a safeguard with your financial
future and give you confidence in retirement in the future.
This is what we do. This analysis is completely free.
There's no obligation, but you need to call now. Call
two two five five, two three six, three eight nine
to schedule your complementary retirement income review. You're just going
(10:40):
to text the word visit. After this review, you're going
to know exactly where you stand. You're going to have
a clear plan to help protect your financial future. This
isn't about chasing high risk rewards. It's about making sure
your savings last as long as you do don't wait.
Call two two five five two three six three eight nine.
(11:04):
Two two five five two three six three eight nine,
or you can text that number. Just text the word
visit and we'll get in touch with you to schedule
a complimentary visit.
Speaker 1 (11:16):
Matt. It seems to me this is one of the
crazy things. As Christy said, most people do not have
a written retirement plan. They've not sat down with a
retirement planning team like Presley Wealth Management.
Speaker 2 (11:25):
Why it's because the vast majority of people giving advice
and the vast majority of you receiving advice, think that
your investments are your plan. No, your investments are your investments,
and a lot of advisors like to talk about, well,
you're in this fund and that fund, and that's your investments.
That's a tool. But to build a financial future, you
(11:45):
have to know how the tools will construct the physical
house that lead to the stable, reliable income. Again, if
you'd like to get with us, simply text the word
visit to two two five five two three sixty three
eighty nine. You can also call the number, but it's
two two five five two three six three eight nine.
Text the word visit and that'll give us some information
(12:07):
and we can reach out and set up a time
talk about giving you the confidence in retirement that you
so richly deserve.
Speaker 1 (12:15):
When do we come back, We're gonna give you an
opportunity to get Christy's book. Her first chapter of her
book kind of get a feel for it, but it's
Unlock your Smart Plan, A comprehensive guide to Retirement in
Louisiana by Christy Smith. That's next right here on Your
Money Matters with Christy and Matt back after this.
Speaker 6 (12:33):
Since twenty fifteen, Christy Smith and Presley Wealth Management have
been committed to creating holistic financial plans. We help clients
with income, investment, medical, tax and legacy planning called two
two five, five two three sixty three eighty nine. Or
visit presleywealth dot com to see how they can help
(12:53):
you in retirement.
Speaker 4 (12:56):
With pay us on the news and uncertainty in the markets.
Are you worry that your retirement savings could be at risk? Hi?
Speaker 5 (13:02):
This is Christy Smith with Presley Wealth Management.
Speaker 4 (13:05):
Tariffs, trade wars, and a shaky stock market have left
many retirees asking what's next for my financial future? If
you've been asking that question, it's time to take action.
Comes sit down, with me and my team so that
we can review your financial plan and help make sure
that you're prepared for the challenges ahead. Just call two
two five five two three six three eight nine for
(13:27):
a free visit. Together, we'll create a strategy to help
you preserve what you've worked so hard to build. Don't wait.
Call me Christy Smith at Presley Wealth Management at two
two five five two three six three eight nine to
schedule your visit. There's no cost to meet, but my
calendar is filling up fast. Called two two five five,
two three six three eight nine.
Speaker 6 (13:49):
Investment advisory services offered through AE Wealth Management LLC, a
registered investment advisor. Textbook to two two five five two
three six three eight nine to get an instant download
of chapter one of Christy Smith's book, Unlock Your Smart Plan.
That's book to two two five five two three sixty
(14:13):
three eighty nine.
Speaker 1 (14:16):
Welcome back to your Money Matters with Christy Smith and
Matt Kennedy of Pressley Wealth Management. I'm Mark Elliott again.
If you would like sit down with the team and
have a conversation, just text the word visit to two
two five five two three sixty three eighty nine. Two
two five five two three sixty three eighty nine. Now
we're going to talk about Christy's brand new book. You
also have the opportunity to just text the word book
(14:38):
to that same number two two five five two three
sixty three eighty nine, and you'll get the first chapter
e download. I don't know. I'm sixty five. I don't
know how that works, some fancy thing through the internet.
You'll get the first chapter of Unlock Your Smart Plan,
A Comprehensive Guide to Retirement in Louisiana by Christy Smith.
Christy Smith, a published author. How do you feel? I mean,
(15:00):
you sign autographs? Are there like red carpet every time
you walk into the office because you're now a big
time writer.
Speaker 4 (15:06):
No, but it does make me smile when a client
asked me while I sign their book for them.
Speaker 1 (15:12):
I gotta like that. I gotta like that. So let's
talk about this though, because this is a pretty cool deal.
It's Unlock your Smart Plan, and that is your process
right the smaart and they all stand for different things.
Sources of income, Medicare and healthcare, advanced retirement planning, the
risk management part of your portfolio, and then of course taxes.
(15:33):
That is a smart plan what made you want to
write the book? And I know you start the book
by explaining your dad situation, who'd retired from Exon in
great shape and things didn't go the way he was hoping.
Speaker 4 (15:46):
Well, you know, everything we do at Presley Wealth Management
really revolves around the story of my dad. And it's
crazy how market conditions, when they become turbulent, bring that
back to the like forefront, you know, because you get
to do in the same thing every day. Market conditions
are favorable, you just sometimes forget, but when things get
(16:09):
a little turbulent, it reminds you.
Speaker 5 (16:11):
So the wombs have been pretty fresh lately.
Speaker 2 (16:13):
You know.
Speaker 4 (16:13):
For me, it really revolves around my dad. I mean,
my dad was a guy that worked hard. He worked
at Exxon. He was an operator at Exxon. He retired
at fifty eight years old. Mark, I'm never going to
forget the day we had his retirement party because he
was Number one, was so proud Number two. He couldn't
(16:35):
wait to give my mom a tennis bracelet that he
bought for her. You know, he got the watch, she
got a tennis bracelet, and it was an exciting day
for our family because my dad was such a hard worker.
He worked shiftwork, you know, my entire life. And my
mother drove a school bus typically for the school we
went to, and as soon as the kids graduated from
(16:58):
high school, she turned in her school bus keys because
she did not want the school board pension. She wanted
my dad's social Security benefits. So, you know, for us,
that was a really proud moment. But I got to
tell you, my dad was very private. He didn't talk
much about his money. I do remember him telling us
that he had chosen who was going to invest the money.
(17:20):
He was so confident that he was going to never
outlive his money that he went through the trouble of
creating his estate plan. He created a trust that was
going to be left to his grandchildren, and he was
very proud of that. I mean, he was so proud
of that. But other than that, I didn't really ask
him a lot of questions about it because he didn't
(17:42):
really talk about his money to us. I mean, I
grew up in a family where we just really didn't
talk much about it. You know, I'll never forget the
day that I went to see him. My mother passed
away quickly after he retired, and Sunday was the day
we all gathered, we went to his house in Ethel.
(18:04):
My mom and dad built a new home in Ethel
on seven acres.
Speaker 5 (18:08):
He was so proud. He wanted to grow a garden.
Speaker 4 (18:10):
You know, my dad was from Simsport, Louisiana, so he
was from the country and he wanted to go back
to the country. And when my mom passed away, the
biggest concern for me was I had to make sure
and lay eyes on my dad on a regular basis
because I wanted to make sure he was okay. This
one Sunday, after we ate lunch, we're packing up the kids,
(18:32):
you know, I had three children. We're about to get
in the car to leave, and he says, Christy, can
I come see you at your office tomorrow. I looked
at him. I was like, yeah, I mean he had
never done that, Mark, I mean it was like, okay.
I remember getting in the car and my husband Rick.
He looked at me and he said, do you know
(18:54):
what he wants to come talk to you about. I
looked at him, I said, he's sick.
Speaker 5 (18:59):
He's sick. He's come and tell me he's sick. Now.
Speaker 4 (19:02):
The next day he came into the office and thanked
the lord He wasn't sick, but what he was is scared.
And the reason he was scared is because the market
had literally taken like half of his retirement portfolio away.
And I'll never forget that day when he reached in
his pocket, it was his jacket pocket. He grabbed his
(19:24):
statement out. He pushed it. He didn't like hand it
to me. He slowly pushed it across the table and
he gave it to me and he said, baby, I
need help. And I remember looking at a statement and
the first thing out of my mouth was, Dad, where's
the rest of your money? And he said, Noe, that
is the rest of my money. And that's why I'm here.
And you know, back then, I was literally only in
(19:46):
the insurance industry. You know, I didn't build complete retirement
plans for people. I didn't even understand the importance of it.
But what I did have his friends. And I had
a friend that you know, was had a securities license.
I said it to him, I said, hey, can you
help me with this is for my dad. He called
me and he said, Christy, your dad is ninety percent
(20:07):
invested in stocks. I'm like, what that's his He's retired,
he's living off that. I remember asking my dad about
it and he said, yeah, I was told they were
I was just going to live off the dividends and
not have to worry about it. But you know, when
half of your money's gone, you act emotional, which is
exactly what my dad was doing. And it was a
moment in my life that changed me. I believe had
(20:31):
that moment not happened, I would not be where I'm
at today, because it is truly what drives us at
Presley Wealth Management to do what we do every day.
We since then have evolved where we are, you know,
securities license, We build complete holistic plans, and the Smart
Plan really came from a good friend of mine, David
(20:53):
Brooks in Almaha, Nebraska. He believed that in order to
have a successful retirement you had to have a complete plan,
so he designed the Smart Plan and has graciously allowed
us to use it at Presley Wealth Management.
Speaker 1 (21:09):
If you would like a copy of the first chapter
of Christy's book, Unlock Your Smart Plan, A Comprehensive Guide
to Retirement in Louisiana, all you have to do is
text the word book to two two five five two
three sixty three eighty nine. That's text the word book
to two two five five two three sixty three eighty nine,
and you get the downloadable first chapter of this book.
(21:31):
And you know, Matt, one of the interesting things because
you guys have been doing the smart plan now for
a year two you were doing a version of it before.
He just didn't name it the smart plan. I think,
right say it because it's always been income, investment, taxes, healthcare,
legacy planning. Uh. But putting it this way, does it
make it easier for people to understand? Maybe?
Speaker 2 (21:49):
I think acronyms are wonderful because our acronym SMA RT
is an acronym that simply means s sources of income.
You know the words, do I have enough income to last?
And where's it coming from? Do I take my pension
lump some? Do I take my pension as payments? Do
I take Social Security at sixty two, sixty five, sixty
(22:10):
seven seventy? How do I coordinate my social security? Sources
of income? M is for medical and medicare. A is
for advanced planning, you know, wills, trust, things like that.
R is a big one. Risk management. If you're taking
on too much risk when you first retire and the
market turns sour. We call that a bad sequence of returns.
(22:34):
If that happens, guess what you can get wiped out
right when you retire. Now, if the market's bullish, you'll
be in great shape. So how do we mitigate too
much risk and yet still grow your portfolio? And T
is the big one. Maybe it should be first, Christie,
but it's last because SMA R T is for taxes.
Do you have a plan so that you don't pay
(22:55):
higher and higher and higher taxes the longer you continue
to live? Of most people have been sold to buil
with goods. You've been told all your taxes will always
be lower in retirement, not necessarily. We'll talk more about that, uh,
and Christy talks about that in detail in the book.
If you'd like a copy of the book, or at
least a chapter two two five five, two three sixty
(23:17):
three eighty nine, just all you have to do is
text the word book to two two five five two
three six three eight nine. That's two two five five
two three six three eight nine. And all you have
to do is text the word book.
Speaker 1 (23:34):
So when we come back, we're going to talk more
about Christie's new book, Unlock Your Smart plan a comprehensive
guide to retirement in Louisiana. We're back with more right.
Speaker 5 (23:42):
After this text.
Speaker 6 (23:44):
Visit to two two five five two three sixty three
eighty nine to set up your complimentary meeting with the
Presley Wealth Management team. That's visit to two two five
five two three six three eight nine.
Speaker 2 (24:00):
A quarter twenty five cents.
Speaker 1 (24:02):
That's hardly anything.
Speaker 2 (24:03):
Right ah, But at Presley Wealth Management we see quarters
a little differently. A quarter is a lot when it's
a quarter.
Speaker 1 (24:10):
Of your retirement savings.
Speaker 2 (24:11):
So do you want to pay twenty five percent or
more in taxes during your retirement? At Presley Wealth we
help create a plan to help you address taxation. If
the only time you think about taxes is when you
file them, you don't have a tax strategy, but it's
not too late to get one. Act now to make
sure you're not paying a quarter, dime, or even a
penny more than you should, call Christy and the team
(24:32):
at Pressley Wealth Management at five two three sixty three
eighty nine. That's two two five five two three six
three eight nine to schedule your personalized tax strategy session.
A quarter saved as a quarter earned so called two
two five five two three sixty three eight nine. That's
two two five five two three sixty three eight nine.
Speaker 6 (24:52):
Investment advisory services offered through AE Wealth Management LLC, a
registered investment advisor firm, may not give tax advice. You
listen to Christy Smith and Matt Kennedy on the radio,
Now go in and talk with them in person. Let
them help you retire with confidence. Two two five five
two three sixty.
Speaker 5 (25:12):
Three eight nine.
Speaker 6 (25:13):
Or go online to Presleywealthmanagement dot com.
Speaker 1 (25:17):
Welcome back to your money matters with Christy Smith and
Met Kennedy of Presley Wealth Management. You can always go
to the website to learn more Presleywealthmanagement dot com. Presleywealthmanagement
dot com. I'm Mark Kellie. Glad you're with us again.
If you'd like to sit down and have a conversation,
we'll to have a phone conversation, maybe a fifteen minute
call to start with. Just text the word visit to
two two five five two three sixty three eighty nine.
(25:38):
That's two two five five two three sixty three eighty nine.
We're talking about Christy's brand new book today, The Unlock
Your Smart Plan, a Comprehensive guide to retirement in Louisiana,
And if you like the copy of the first chapter,
they'll just downloadable first chapter. Let's just send it right
to you. Text the word book to two two five
five two three sixty three eighty nine two five five
(26:00):
three sixty three eighty nine. So there's about one hundred
and thirty pages in this book. It's a pretty easy read,
and I think it's christy. I would imagine because you've
sat now with so many people over the last almost
two decades and talking about retirement, they kind of know
how people maybe kind of take in this information. Maybe
because the book is pretty easy to follow. I mean,
(26:23):
that was probably one of your goals. You didn't want
to get all you know, financial jargon ey in there.
Speaker 4 (26:27):
Well, the thing is for me is that I read
a lot, and I listen to a lot of books,
you know while I'm driving to work. And if something
is just too complicated for me to understand while I'm
just driving, then I'm probably not going to listen to it.
So I did want to make sure that this book
was written in a manner that was going.
Speaker 5 (26:42):
To be very easy to read. Actually, it's enjoyable.
Speaker 4 (26:45):
I've had four or five different people that I've given
it to call me and say, Christy, I love the book,
I love the story in it, I love how you
explain it. I wanted to make it as easy as
possible to understand, and you know, honestly, retirement planning can
be that easy as well. The biggest challenge is helping
someone feel confident to pick up the phone, because once
(27:08):
they come in to meet with us, they're going to
see that it's it's a very smooth, you know, servant
mind process. We're not here to sell anything. What we're
here to do is serve, and if we do our
job good enough, it's there's never going to be a
question of are we going to choose them? It's just
not because we're not going to make someone feel that way.
What we want to do is look to see how
(27:30):
we can make your current plan better. And if you
don't have a plan, how can we create a plan
that you can understand and implement and move forward and
have a confident retirement.
Speaker 1 (27:42):
So, Chris, here's a quick question for you, and we
know that your your book. Longevity, taxes, market volatility, retirement income,
social security four oh one k's iras roth iras annuities,
A state and legacy planning strategies, women retire, to pensions,
finding a financial professional. Those are the chapters. So I
played golf a a kind of a rural golf course,
(28:04):
a rural town, and it's not a big town, maybe
three to five thousand people, but it's kind of really
neat golf course. But when you drive in, there's like
thirty homes that I'm like, I could never afford one
of these houses. And I made a comment to the
person I was playing with that was from there. I said,
what in the world, how did this little town, how
there's so many people have so much money to buy
houses like that? And though they said, well, a lot
(28:25):
of them are farmer's widows, so that women retire too
is one of the things I'm sure you find very
important to talk about. And for your situation, it's kind
of different because it's not usually it's the male passes first.
For your dad, it was your mom. Holy cow, that's
kind of was shocking when you said that, No, there's
a lot of farmers widows that have these nice houses.
Speaker 4 (28:45):
Well, and what we're seeing is that, unfortunately, it is
a proven statistic. Currently women typically outlive men. Now in
my family, it didn't work that way. But for the
most part, what we see as women outlive men. And
you know, I think that's why it's so important that
women become involved in the retirement planning process. I mean,
(29:06):
you would be surprised how many females don't walk in
the door with their husband on the first visit, and
Matt and I both are going to say, hey, look,
on your next visit, can you make sure and bring
your spouse?
Speaker 2 (29:17):
And sometimes the husband will say, oh, she's not interested
in this, She'll just bring a book and read. I said,
it's okay. But it's funny how the ears perk up
when you start talking about Now, Bob, if something happens
to you, we hope you live a long, happy life.
But if something happens to you, to you say, in
two years, does Sally know she's going to be okay?
Do you have a plan? Well, of course she wants
(29:39):
to take care of her. But just because she's quote
not interested, doesn't mean that she's really not interested. It's
that she's never been spoken to in a way that
makes it make sense.
Speaker 1 (29:50):
That's what I find.
Speaker 4 (29:50):
Well, and she just doesn't feel empowered to be a
part of the conversation because typically she hasn't been while
her spouse was working and saving, right. You know, I
will say, Mark, that is starting to change some. We're
starting to see where women are becoming more involved in
the planning, and we're seeing where women are actually being
more proactive than men. Men a lot of times will
(30:13):
say unfortunately, I'm gonna pass away when I'm seventy, and
I'm of course, I look at them like mm hmm.
You know, you're probably gonna live a little longer than that.
But the thing is is that I find women are
becoming more involved than that excites me because women typically
are going to live longer. They're typically going to carry
the biggest tax burden when their spouse passes away, and
(30:36):
they've got big rmds they have to deal with now
filing a single tax return versus Mary Vile and joint.
They they're concerned with not wanting to leave a financial
burden on their children to have to take care of them.
You know, we see many couples taking care of their
parents right now, and I got to tell you they
(30:56):
don't want to leave that burden on their children.
Speaker 5 (30:59):
Because they're living it.
Speaker 4 (31:01):
So so women are becoming more involved, and I think
it's a matter of helping them feel confident that they
can and are capable of learning these things.
Speaker 1 (31:14):
So here's the deal. If you would like the first
chapter of the book, we'll send it to you where
it's downloadable, and then you can read the book and
then you can maybe have a conversation with the team
if you have questions about it. Text the word book
to two two five five two three sixty three eighty nine.
I think a lot of people go, well, Matt and Christy,
they're going to probably try to sell me something. And
I don't really understand all of this, so I mean
(31:35):
they might take advantage of me. And that is the
furthest thaying from your guys' mind, is selling them anything.
Just like you were talking about the four to one
K and I raising you may have or even reddle income.
None of that is a plan. Now, they're certainly factors
in creating the plan, but those tools are not the plan.
Speaker 2 (31:51):
No, they're not. I kind of think about it like this.
So my dad's a great builder. I mean he's a
retired preacher, but my dad is an amazing builder. He
could build anything. He built the t that we had
out in Erwinville for years, and I asked him one time,
I said, Dad, how are you such a good builder?
I can't draw a stick figure, I can't build anything.
And he said, because I can see the finished product
when the boards are still laying on the ground. He
(32:13):
could look at a pile of two by fours and
two by sixes in sheet rock and he could see
the finished product. That's what God has blessed us with.
So when you bring your four oh one case statements
and your I raise and your lump sum pension and
your pension paperwork to you, it's a major question.
Speaker 6 (32:27):
Is it enough?
Speaker 2 (32:28):
What happens if the market's bad? What happens the wood IFFs?
Right now, we can't prevent some what ifs Christy, people
do get sick, people die early. Things happen, right But
there's an old saying the sailor cannot control the wind,
but the sailor can adjust the sails. And so our
job is to build a planet is to see the
pile of lumbers, see the pile of sheet rock, see
the box of nails, and we can see that. You
(32:50):
need to know where your sources of income are reliable,
steady income, medicare planning, advance planning for wills, trust the states,
the stuff maybe that you have any even thought about,
or the stuff that you've been putting off and no
one has held you accountable for doing it. I had
someone tell me that a few weeks ago. They said, good,
I'm glad we're working with you guys, because we've put
(33:10):
off doing a will. Now we've talked about it for
ten years. Promise me that you'll hold us accountable. And
I said, here's the card, call the person and do
it this week. So sometimes it's about being held accountable,
but it's not pressure. I'm not a seller, Christy's not
a seller. April is not a seller. We're teachers. We're
going to teach you what you need to do and
(33:31):
empower you to make the decisions to have the retirement
that you deserve. And if you're already retire and you're thinking,
wait a second, nobody's ever talked to me about taxes
or a state planning, let's talk. So again. You can
just text the word visit to two two five five
two three sixty three eighty nine. You can also call
the number if you want to, but if you'd like
(33:52):
to text visit, text two two five five two three
six y three eight nine. Again text the word visit
or if you'd like to get the first chapter of
Christy's book, you'll get a link. Just text the word
book to that same number five two three sixty three
eight nine.
Speaker 1 (34:09):
It's a great opportunity, I think, to get a feel
for Presley Wealth Management and Christy Smith and Matt Kennedy
and kind of the process, so you're not going to
be maybe overwhelmed. The book walks you through step by
step and talks about all these different areas that you
really need to try to get a handle on before
you get into retirement. Maybe already retired. Great time to
get the book too, have some questions, Just text book
(34:30):
two two five five two three sixty three eighty nine.
Back to wrap it all up right after this, this
is your Money Matters with Christy Smith and Matt Kennedy
of Presley Wealth Management.
Speaker 6 (34:39):
Text book to two two five five two three six
three eight nine to get an instant download of chapter
one of Christy Smith's book, Unlock Your Smart Plan. That's
book to two two five five two three sixty three
eighty nine.
Speaker 4 (34:58):
With chaos on the news and uncertain in the markets,
are you worried that your retirement savings could be at risk. Hi,
this is Christy Smith with Presley Wealth Management. Tariffs, trade wars,
and a shaky stock market have left many retirees asking
what's next for my financial future. If you've been asking
that question, it's time to take action. Comes sit down
(35:18):
with me and my team so that we can review
your financial plan and help make sure that you're prepared
for the challenges ahead. Just called two two five five
two three six three eight nine for a free visit. Together,
we'll create a strategy to help you preserve what you've
worked so hard to build.
Speaker 5 (35:35):
Don't wait.
Speaker 4 (35:36):
Call me Christy Smith at Presley Wealth Management at two
two five five two three six three eight nine to
schedule your visit. There's no cost to meet, but my
calendar is filling up fast. Called two two five five
two three six three eight nine.
Speaker 6 (35:51):
Investment Advisory services offered through AE Wealth Management LLC, a
registered investment advisor.
Speaker 2 (36:00):
X.
Speaker 5 (36:00):
Visit to two two.
Speaker 6 (36:01):
Five five two three sixty three eighty nine to set
up your complimentary meeting with the Presley Wealth Management team.
That's visit to two two five five two three six
three eight nine.
Speaker 1 (36:16):
Lady with us today for your Money Matters with Christy
Smith and Matt Kennedy of Presley Wealth Management. If you'd
like to chat with the team, you certainly can just
text the word visit to two two five five two
three sixty three eighty nine. Visit to two two five
five two three sixty three eighty nine, and then you'll
set up a time to have a fifteen minute twenty
minute phone call with the team. Maybe you'll say, you
(36:36):
know what, really we're getting closer to return. We'll just
soon come in and have a conversation with you. We
can set that up as well, So a great opportunity
for I'm Mark Kelly Glander with us. We're going to
finish up the show with a little mail bag segment.
Christy and Maggot questions people all the time. Might be
in the grocery store line and they're like, wow, that's
a good question. We had to use that one on
our radio show. So we've got to create this mail bag,
a hodgepodge of questions and they're all over the place.
But I always say this when we do this segment,
(36:58):
because for Christy and Matt to give you the entire
answer that you're looking for, you have to be able
to sit down with them because they're gonna have follow
up questions. You're gonna have follow up questions. So our
first question comes from Ben and Denham Springs. And here's
the deal. Ben, Christy and Matt don't know from your question.
They don't know how old you are, they don't know
kind of money you have, They're not sure what your
hopes and dreams are for retirement. There's just a lot
(37:20):
more that goes into it. But they're going to do
their best answer the question in a general way in
this segment, so we always enjoy this. So Christy, you're up.
This comes from Ben and Denham Springs. Guys. I've had
a steady corporate job for thirty five years and my
wife has top piano lessons since we were married in
the early eighties. Her job helped us pay for groceries
and gave us some extra money to put away for
the future. But she does not have a job with
(37:40):
the four to oh one K or insurance benefits. How
can I make sure she'll be okay if something happens
to me?
Speaker 4 (37:48):
Well, the first thing you want to do is is
look at your current four to oh one K and
make sure that your wife is listed as your primary beneficiary.
You also want to look at any life insurance contracts
you have make sure she is the primary beneficiary because
you know, accounts that have beneficiary designations aren't going to
go through secession in Louisiana, so you want to make
(38:09):
sure you have that set up properly.
Speaker 5 (38:11):
You know.
Speaker 4 (38:11):
The second thing you might consider doing is looking at insurance.
What type of insurance. Well, you might consider either a
life insurance contract or even an annuity contract. You know,
an annuity can provide guaranteed income if something should happen
to you, if you've chosen the right plan. All contracts
are not identical, but you do have options.
Speaker 5 (38:33):
Been The first thing.
Speaker 4 (38:34):
I would do, though, is make sure your wife is
listed as your primary beneficiary. But if you'd like to
sit down with us to discuss your exact situation and
see are there ways that we can help you, just
text two two five, five, two three six three eight nine,
text the word visit and we'll get back in touch
with you and schedule a visit as soon as possible.
Speaker 1 (38:55):
All right, nice, All right, Next question, Matt, this one's
for you. This is Shelley and Baton Rouge. Were planning
on leaving much for our kids after we passed, but
now that our first grandchild has been born, we've changed
our minds. And then Shelley has a little in parentheses,
We should have had the grand kids first.
Speaker 5 (39:10):
I always say that.
Speaker 1 (39:11):
So Shelley says, is there a way for us to
leave them each a little something after we're gone the
grand Yeah.
Speaker 2 (39:18):
Sure, there's a multiple of ways that it can be done.
Everybody's situation is different, and like Christy was saying about
and you were saying Mark about the last situation, we
have to see the entire picture to be able to
give specific advice. So Shelley, I don't have any specific,
one magic tool that's gonna fix everything. But it depends
on two Do you want that money to be used
(39:41):
for their education? Do you want that money to be
something to help them buy their first home? But there
are numerous ways that you can set up something so
that they can they can benefit. And then but we
also want to do it right, Christy, in the most
tax efficient way possible. The last thing you want to
do is leave the child the young adult perhaps a
tax burden, but there's a multiplicity of things that can
(40:04):
be done. I think a lot of it depends on
what the parents think they may do. If they're sure
fire that kid's going to school, then maybe, for example,
a five two nine plan is good. If they're instead
going to maybe uh not need help with schooling.
Speaker 1 (40:18):
But like I said, help with the.
Speaker 2 (40:19):
First, you know, down payment on their first home. There's
different kinds of accounts for that mature It can absolutely
be done.
Speaker 1 (40:25):
All right, So here we go another question, Christy. This
one is for you, and again you can always just
call the team two two five five to two three
sixty three eighty nine. You can even just text the
word visit if you want to, and the team will
get back to you to set up a time. Two
two five five two three sixty three eighty nine. Christy,
this is for you. This comes from Gonzales. Betty says this.
My husband and I just started getting serious about preparing
(40:48):
for retirement. So we started going through all of our
monthly expenses and it was really eye opening. I had
no idea where it was all going each month. Now,
what should we do? Is that? Unc Well? I mean,
when people come in, they need to know what's going
out and what's coming in. I suppose but most probably
don't know those figures.
Speaker 4 (41:06):
Well, the crazy thing is Mark, is that Betty is
not unusual. We see this all the time. I mean,
people come in, we start working on building a plan.
The number one thing we need to know is how
much do you want to spend in retirement? How much
do you need to generate an income? So gathering up
all the expenses and it can be eye opening. But
(41:28):
the next thing we need you to do is look
at gathering all of your accounts. You know, your investment accounts,
your four oh one K, your IRA, any pension information,
social security information like brokerage account CDs. Because because the
part of the puzzle is going to be, okay, how
much do you have and how is it going to
(41:51):
be taxed when you spend it? And then how much
do you need? So you've started the process off right
by trying to determine how much you need, then we
need to look at how much do you have and
how is that money going to be taxed when you
live on it?
Speaker 1 (42:06):
And we've been telling you can text the word visit
to have a conversation with the team, and you can
just call them and have a chat. Two two five
five two three sixty three eighty nine. But I think
a great thing. All these questions are all over the place. Well,
a great opportunity for you to get Christy's book. Uh,
it's a fantastic book, Unlock your Smart Plan, A comprehensive
guide to retirement in Louisiana. If you'd like that first
(42:27):
chapter just downloadable. They'll send it right to you. Just
text the word book to two two five five two
three sixty three eighty nine. Just text book to two
two five five two three sixty three eighty nine. All right.
Final question Matt to you comes from Jack in Prayville.
I'm planning a relatively simple, quiet retirement. I've done most
of the traveling that I wanted to do, and I
(42:47):
only have one or two places that i'd like to
see someday. If I don't have anything big planned, Is
there really that much I should do for a retirement strategy.
Speaker 2 (42:55):
There's probably plenty you should do. Jack, do you have
kids grandkids that you want to make sure receive your
inheritance most tax efficiently without messing up their income taxes.
You didn't mention if you had a spouse or not,
But do you have a plan for something happens to you.
Maybe your spouse has big plans that you don't have.
(43:17):
I mean, we'd have to know more about your situation,
but I think your primary question is, Look, my life
is relatively simple. But think about the smart plan. It
sounds like you've got sources of income well in hand
because you're saying, I don't have anything big going on.
But what about medical What if something popped up later
in life that caused you to spend a significant amount
(43:37):
of your retirement portfolio? Would that mean that you leave
less of a legacy? Would that mean that you left
a spouse in a situation where they won't have nearly
as much money to draw from because medical bills ate
that up. There's an old saying, brother WILLI loves to
say it my dad. You know, it's not what you
don't know that could sometimes hurt you down the road.
It's what you think you know but you don't know exactly.
(44:01):
I know that's confusing, right.
Speaker 5 (44:02):
Yeah it is.
Speaker 4 (44:03):
And you know Dell Carnegie always says knowledge is powerful.
Speaker 5 (44:06):
When applied, Yes, when applied, when applied.
Speaker 4 (44:09):
And so the thing is is that you know, we're
here to serve, and there's all kinds of ways Jack
that things that can happen in your retirement that you
didn't plan for. We would love to sit down and
visit with you and see if you have a complete
holistic plan, because that's what we do. Again, if you
would like to receive a chapter of my book, the
(44:32):
first chapter of my book, you can text us at
two two five five two three six three eight nine.
Just text that number and put book in it two
two five five two three six three eight nine. Or
you can text the same number and type visit if
you would like to schedule a complimentary visit to meet
(44:54):
with either myself or one of our other advisors. You know,
what we do is help you create the plan in
so that you don't have to worry in retirement about
the what ifs, like where am I going to get
my income? How much am I looking at and paying
in taxes? Do I have too much risk to my portfolio?
We can't predict the entire like the future of the markets,
(45:15):
but we can build a plan. We can build a
smart plan, and that's what we do at Presley Wealth Management. Again,
if you'd like the first chapter of my book text
two two five five two three six three eight nine,
Just text the word book two two five, five, two, three, six,
three eight nine. You can use the same number and
text visit if you'd like to come into visit with us.
Speaker 3 (45:41):
Presley Wealth Management has a strategic partnership with tax professionals
and attorneys who can provide tax and or legal device.
Speaker 6 (45:46):
Investment advisory products and services made available through AE Wealth
Management LLC AEWM, a registered investment advisor. Insurance products are
offered through the insurance business the Presley Group. Presley Wealth
Management is an investment advisory practice that offers products and
services through AE Wealth Management LLCAWM, a registered investment advisor.
AWM does not offer insurance products. The insurance products offered
(46:09):
by the Presley Group are not subject to investment advisor requirements.
AWM and the Presley Group are not affiliated companies.
Speaker 5 (46:15):
Investing involves risk, including the potential.
Speaker 6 (46:18):
Loss of principle. Any references to protection, safety, or lifetime
income generally refer to fixed insurance products, never securities or investments.
Insurance guarantees are backed by the financial strength and claims
paying abilities of the issuing carrier. This radio show is
intended for informational purposes only. It is not intended to
be used as a sole basis for financial decisions, nor
should it be construed as advice designed to meet the
(46:38):
particular needs of an individual situation. The Presley Group is
not permitted to offer, and no statement made during the
show shall constitute tax or legal advice. Our firm is
not affiliated with, or endorsed by the US government or
any governmental agency. The information and opinions contained herein provided
by third parties have been obtained from sources believed to
be reliable, but accuracy and completeness cannot be guaranteed by
the Presley Group. This radio show is a paid placement
(47:00):
and
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