July 30, 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 2 (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 1 (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.
Speaker 4 (00:51):
I'm Mark Elliott here alongside Christy Smith, the founder of
Presley Wealth Management, and Matt Kennedy. Matt's been with Christy's
team since late two thousand and eight and Christy is
not here yet. She will be here, so Matt is
going to start the show. Christy will join us probably
in the next segment. That's what we're thinking. You can
always go to the website Presley Wealthmanagement dot com to
learn more about Christy, Matt and the team. You think
(01:13):
about retirement, How in the world do I figure all
of this stuff out. That's what they're here for to
kind of walk side by side and help you if
they can. They don't know if they can help you
until you reach out. You can always give them a call,
though there is no cost for have a conversation with
the team. It's two two five five two three sixty
three eighty nine. Two two five five two three sixty
three eighty nine. We are talking today about the tariffs.
Speaker 1 (01:37):
The tariffs.
Speaker 4 (01:39):
This has been going on since Trump. I think during
the campaign, Hey, we're gonna put tariffs on. We're we're
gonna just go crazy. We're gonna have so much money
coming in now. In his defense, he has always kind
of waffled a little bit when things got a little
heated and the market starts getting bumpy. He's always kind
of related, hey, let's give him a little bit more time.
Let's let's give him ninety days. So he has worked
(01:59):
this system. It seems to me to be pretty good
because his theory is he can't we can't tax our
way out of this debt. We've got to have other
ways to get money in to try to attack our debt.
That's his theory, and I mean, nothing else has worked,
so I'm okay with it.
Speaker 1 (02:13):
What do you think, Well, the counter to that, someone
probably yelled at the radio. Yeah, but tariffs are basically
just another tax on us, and I look, let's not
make it political. Let's just stick to the facts that
we know. So and this changes day by day. But
a week and a half ago, basically the US cut
of deal with Japan, Indonesia, and the Philippines, and then
(02:35):
we found out last Sunday that the deal was cut
with the EU too. And I think if you go
back and listen to a few radio shows that we
did a few weeks back, I said that we can
have agreements with every other country, but it's EU and China.
That's that's the two that are the biggies that will
kind of get us over the tariff concern, if you will, right,
(02:58):
or at least the initial tariff concern. So the deal
with the EU is the United States will impose a
tariff of fifteen percent on all imports from the EU
except pharmaceuticals, and the EU will impose tariffs of zero
percent on US goods except automobiles. They'll have a fifteen
(03:18):
percent tariff coming from here to there. And then the
UA says they're gonna purchase like seven hundred and fifty
million dollars in energy and invest up to six hundred
billion in the USA. I got to tell you it's
a lopsided deal that favors America. I'll tell you that
it really does. But our economy is growing so much
better than theirs. We don't have near the regulatory weight
(03:41):
they do, so it's a win for America. But the
holdout remains China. And as of you know, earlier in
the week the deal was, hey, we've got a ninety
day pause on that. But I think it's safe to
say the markets have kind of baked in that the
tariff deal will get worked out. If China in the
US don't come to an agreement, that could be very frothy,
(04:03):
very frothy. You know.
Speaker 4 (04:04):
One of the things that I think is that we
know that most people do not sit down with the
retirement planning team. Most people do it on their own,
probably seventy percent, which to me is kind of crazy
when you're thinking income, investment, taxes, healthcare, legacy planning, sobs, screity,
medicare all the decisions we have to make. Why would
you do it on your own when you don't have to?
And I think a lot of people think that if
they commit to sit down with you and Christy, you
(04:25):
guys are trying to be like Trump and you're trying
the art of the deal that is so far from
what you guys do. You're here to help people, You're
not trying to sell a thing.
Speaker 1 (04:33):
Now, let me, if you will kind of dig deeper
into what you said about seventy percent of people do
it themselves. There are some do it yourself people mark
who to them, do it yourself means I do my
own investments and that's fine, But a lot of people don't.
And I don't mean this to sound like I'm chastising,
but a lot of people don't do anything. And they
(04:53):
may fall into that category of do it yourself. In
other words, they have their investments, they're working, they have
the four zero one, or maybe they're retired, and maybe
you have the IRA and stuff, but you don't really
mess with it. You just kind of leave it alone.
And that works when things are good. But the question
is is only twenty percent of the job getting done?
(05:14):
Because at Presley Wealth Management, there's five critical areas of
retirement we dig into, not just one. See, investments are
one part of your retirement plan, but there's five critical areas.
Don't forget. There's s sources of income. In other words,
where's your money coming from when the paycheck stop? And
(05:34):
will it be enough? That's the number one concern most
of you have. How do I turn my savings into
consistent income? So sources of income? How do you determine
when and how to best take Social Security? Should you
take a lump sum from your pension? Do you take payments?
I mean, how do you coordinate these things? So sources
(05:56):
of income is one of the five critical areas. M
that's medical and medicare. How do you make that transition
from work insurance to either medical insurance through say something
like the Affordable Care Act or private insurance and medicare
so many important steps there. What are the rules? Are
you going to risk being penalized if you don't do
(06:18):
it right? Possibly? So we help walk you through there.
A that's advanced planning, things like Will's trust, estate planning,
things like that we're not attorneys, but we have a
network of people who are licensed to do that and
we can figure out how to point in the right direction.
There's two more so SMA, there's R and T. See
it's smart. R is risk management, and that's what some
(06:41):
people have been nervous about, how the tariffs could cause
the market to be very bad. It was bad at first,
but it became the quickest recovery in the modern history
of the stock market. But a lot of you may
have been so worried that you said, I'm bailing, I'm
getting out, I'm going to sit in cash. Well, you
missed a great run back. Help manage the risk. And
(07:02):
then T is for taxes, and when when you talk
about tariffs, that's the other T word. The exposure that
you'll face to long term taxation could change dramatically. There
have been monumental changes to the tax code under the
one Big Beautiful Bill, and if you are sixty five plus,
(07:23):
you are at some of the lowest federal taxes you'll
ever pay ever ever. But they're the Trump Big Beautiful
Bill tax cuts and the add ons. For those of
you sixty five and older, it's only good through the
end of twenty twenty eight. So let's talk. Let's come
up with a strategy to not only build a plan,
(07:44):
but to help plan to reduce taxes. You can do this.
You can just call us at two two five five
two three six three eight nine. That's two two five
five two three six three eight nine.
Speaker 4 (07:58):
You know, you talk about the fact that, hey, if
you're doing it yourself and the markets are all good,
and there's really not a lot to worry about. And
what I always think is the things that we didn't
see happening, right, I mean not long ago. You go
back to twenty twenty in COVID. We didn't see that coming, right.
You go to nine to eleven, didn't see that coming.
You go back to Pearl Harbor in nineteen forty one.
(08:20):
That is the challenge when things that are unexpected happened,
and then all of a sudden everything gets wonky for
a while. That's where the planning process. People that are
worried about their money running out before they run out
of life do not have a plan. They're hoping that
they've got things under control. They don't really know for sure.
Speaker 1 (08:37):
Yeah, you're right, listen. I have to tell you something
I was coming back home. One time, I had been
at the office in Denim Springs and I ran over
to Hammond because I had a homebound client who had
recently had some surgery. I had to pick up some
paperwork from them, so I said, Oh, you don't have
to get out, I'll come grab it. And it was
my birthday in twenty nineteen. It was June twenty, twenty nineteen.
(09:01):
Mark and I headed back on the I twelve and
came to a dead stop near the Satsuma exit. I
mean a dead stop, and I'm like, ah, looked at
my GPS, Yep, there's a wreck up ahead. But I
remember that three or four years earlier, I had been
in a similar situation, and I remember, if I take
this exit and go south, there's some road that cuts
over and joins back up with the highway, the state
(09:25):
Highway going south. I'm gonna do that. So all I
did was I looked at my GPS because I couldn't
remember the name of the road. Then I saw it, Oh,
Hood Road, Hood, that's it. I didn't leave the GPS
turned on. I just said, I know where that's that.
I've done this before. Long story short, I got on
Hood Road, and I ended up getting stuck. My car
went into a mud puddle. And the reason is because
(09:49):
when the Great Flood of twenty sixteen happened, it washed
out a bridge and the road was shut down. But
I didn't turn the GPS on. It would have told
me so. Trying to go through retirement and take care
of all five areas for most people as like driving
blind or driving without a GPS. So if we can help,
we're here again. Two two five five two three sixty
(10:13):
three eighty nine. That's five two three sixty three eighty nine.
Might be the most important phone call you make.
Speaker 4 (10:18):
There's no cost, there's no obligation, there is no pressure
whatsoever from Christy and Matt and the team at Presley Wealth.
Speaker 1 (10:24):
We're back with more.
Speaker 4 (10:25):
We're just getting started on your money matters with Christy
Smith and Matt Kennedy a Presley Wealth Management back right
after this.
Speaker 5 (10:33):
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 three eight nine, or go online to
Presleywealthmanagement dot com.
Speaker 2 (10:52):
With chaos on the news and uncertainty 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. Come sit down
(11:13):
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 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
(11:34):
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 5 (11:46):
Investment Advisory services offered through AE Wealth Management LLC, a
registered investment advisor. Presley Wealth Management is ready to help
answer your questions and guide you as you make decisions
about health coverage. Paul to talk to the Presley Wealth
team two two five five two three six three eight nine.
(12:07):
That's two two five five two three sixty three eighty nine.
Speaker 4 (12:13):
Welcome back to your Money Matters with Christy Smith and
Matt Kennedy of Presley Wealth Management. I'm Mark Kelly, glad
you are with us today. We've got Christy Smith, the
founder of Presley Wealth Management, started the company in two
thousand and six, so Matt joined your team in two
thousand and eight. And what I wonder is how much
things have changed in their planning process that you and
(12:34):
your team Christy at Presley Wealth Management have used because
of this fact. And they're calling it a longevity revolution,
and which could be a great thing, right, living longer
could be great, But if you don't have any money
and you don't have any health, then it's not great.
So there's a lot of maybe it's a great thing.
But if you hear that term, Christy, longevity revolution, what
(12:56):
does that mean for you and your team at Presley
Wealth Management and putting these retirements plans together, Well, it.
Speaker 2 (13:01):
Simply means to me that that we have to plan
for a lot longer lifespan in retirement. What we're seeing
is people are actually living as long in retirement as
they as they worked. I mean, that's that's totally crazy.
The average lifespan has risen by more than six years
across the globe in the past century. So what that
(13:23):
means is, if you've made sixty five years old, you're
likely to live past seventy seven, all the way to
eighty four for men and eighty six for women.
Speaker 1 (13:35):
That's just the averages, right, just the average.
Speaker 2 (13:37):
Yeah, fifty percent of people will actually live longer than that.
I mean we start thinking about you know, to me,
I often say, sixty five is the old forty five?
And why is that? Because we have clients that are,
you know, in their eighties late eighties, they're still very
(13:59):
out of them. Is a a erobic instructor or a
yoga instructor. You know, they're living very active lives and
they're living much longer. So to me, when we look
at the risk in building a retirement plan, we have
to build in that longevity risk because when we first started,
(14:21):
you know, building complete plans, I don't remember, I don't
think longevity was one of the real major concerns at
that point. It was truly risk, you know, and outruking
your income because of market conditions.
Speaker 1 (14:34):
Or sickness, but not necessarily living so long that you
outlive the asset, right.
Speaker 2 (14:39):
And it's why we talk about long term care, because
you know, when you hear the word long term care,
the words you typically think, oh, nursing home care. I
don't think of nursing home care when I hear the
word long term care. I think of someone living to
their into their nineties. They just simply need help. Maybe
they need help in their home, maybe they've moved to
(15:02):
an assisted living facility. Longevity is a real risk, and
it's something that we have to factor in when we're
building a long term plan.
Speaker 1 (15:11):
You're ready for one more stunning statistic. This one is
just amazing. The number of Americans aged ninety or older
nearly tripled between nineteen eighty and twenty ten.
Speaker 2 (15:26):
Do you think that has some correlation with the number
of divorces are higher in that generation in the sixties.
Speaker 1 (15:34):
The number of Americans aged ninety or older triple almost
triple between nineteen eighty and twenty ten. It's medical advancements,
and that number is expected to triple again by twenty forty.
I remember my Grandpa Crane, he was my great grandfather.
I remember he lived into his mid nineties and My
(15:55):
grandpa Fad he was my great grandfather on my dad's side,
lived until he was ninety four ninety five. I was adopted,
so I don't know about those genes for me, but
that was years ago. My grandmother lived into her late nineties,
but my grandfather he passed away when he was in
his late sixties. And so you know, if you've got
the genetics that meant that some of your grandparents lived
(16:18):
into their nineties, you could be looking at one hundred folks.
There's no doubt about it, right, Christy.
Speaker 2 (16:23):
Absolutely, and you have to understand that because of longevity,
retirees truly face financial challenges that our grandparents and our
great grandparents did not face. You know, I was very blessed.
My grandmother lived into her nineties there you go, you know,
and the last five years of her life she did
(16:44):
need care. But to me, building the foundation in a
true retirement plan means making sure you're never.
Speaker 6 (16:54):
Going to run out of income.
Speaker 2 (16:56):
Remember there's no retirement without income, right, make sure we've
got that income covered. We want to increase the income
as you get older to offset for inflation, but we
also want to plan in the no go years that
you likely could spend more than in your.
Speaker 6 (17:12):
Go go years.
Speaker 1 (17:14):
The younger baby boomers and the older millennials, you know,
those of you fifty eight, fifty nine. What were the
trend that we're seeing Is you care much more about
maintaining the same lifestyle early in retirement that you had
whenever you were working. I would say, Christy. For most
of our older retired clients who are now in their eighties,
(17:34):
there's probably a good chance we could cut their income
in half and they'd be fine. Not today's clients. They
want to maintain pretty much the same lifestyle go go years,
But we understand there'll come a time when their knees
will hurt and they won't want to go as much
and they'll have the slow go years. Then they'll hit
their old age. What is that anymore? It's not necessarily eighty,
(17:55):
Maybe it's ninety five, and those will be the no
go years when you have to plan for your expenses
to rise because of sickness. But if you wait till
that happens, you could be in a mind That's why
you have to address those kind of things right now.
Speaker 2 (18:10):
Well, I would think that sickness might not be the
number one expense in the Nogo years. I think it
just might be that you live so long you need help,
you know. So to me, building a properly designed, holistic
retirement plan is going to include longevity risk. Look, we'd
(18:31):
love to help you. We've got tools that can help you.
Optimizing your social security benefits is going to become more
and more important as you're living longer.
Speaker 6 (18:41):
We'd love to help.
Speaker 2 (18:43):
Give us a call, or you can text go to
two two five five two three six three eight nine.
You can text the word visit if you'd like to
schedule a visit to come in and meet with us
again two two five five to two three six three
eight nine. You can text the word book and we
(19:04):
will send you a chapter of my book. This is
what we do and we'd love to help you. You know,
when you think about longevity risk, you have to think
about keeping up your income with inflation as well. And
it's another reason why it's so important to look at
how to maximize your social security benefits and we'd love
(19:24):
to help you with that. To me, your social security
benefits are going to be the foundation in building your
retirement house.
Speaker 4 (19:33):
So, Matt, with this longevity factor, that's pretty amazing stat
the number of Americans age nine year older are tripled
between nineteen eighty and twenty ten, expected to triple again
by twenty forty.
Speaker 1 (19:43):
Does that mean we.
Speaker 4 (19:44):
Should invest more aggressively because usually we get to retirement like, okay,
well we now be a little safer with our money
now because it's got to last twenty thirty plus years. Now,
maybe we need to invest more aggressively or does it
still come back to whoever you're sitting down with, doesn't it?
Speaker 1 (19:57):
It really does. And there's a school of thought that
it says, well, if you've got more longevity, you can
afford more risk. But the way we view it is
very simple. You have to be hyper focused right before
you retire. When I say right before, the three years
before you retire and the three to four maybe three
to five years after you first retire, you must be
(20:19):
aware of the risk of sequence of returns. Here's some
math for you, but it's easy radio math. Imagine you
retired in the year nineteen ninety and you had five
hundred thousand dollars in your IRA, and you took out
thirty grand a year. You said, I'm just gonna take
(20:39):
thirty grand a year out pay the taxes, I'll live
on that, and you were fully invested in the stock market.
Ten years later, you would have more money than you
started with. You would have around eight hundred thousand dollars
and you would have taken all that money out to
live on. Why because the market was so good between
nineteen ninety and two thousand. Now flip that around. If
(21:01):
you had retired in two thousand through twenty ten, remember
what happened in two thousand, Christy, you know the dot
com crash, then nine to eleven, the enormous session than
the great housing crisis of two thousand and eight and
two thousand and nine. So if you had done that,
you wouldn't have eight hundred and fourteen thousand dollars left.
You would have sixty nine thousand dollars left. See what
(21:23):
I'm saying. So we still want to balance risk with reward.
And what does Christy Smith always say? There is no
retirement without retirement income. So our focus is, let's stabilize
the income, make sure we maximize social security, use the
tools that create the income that allows us to have
(21:44):
a bucket of money that's for growth, a bucket of
money that's for income. That's how we plan.
Speaker 6 (21:49):
It's really all about having a plan. Mark.
Speaker 2 (21:51):
When you have a plan and things go, you know, crazy,
you don't have to worry.
Speaker 1 (21:58):
You know.
Speaker 2 (21:58):
One of the things that really resonated with Matt when
he came to work with me was that he was
very surprised at how many people were calling from our
radio program saying that their current advisor was wanting them
to cut their income some in half. Yes, that was
(22:20):
the biggest wake up call for him.
Speaker 1 (22:22):
Yep.
Speaker 2 (22:23):
And so to me, it's about having a plan that's
gonna generate the income you need, but then have other
buckets per se that are designed for long term growth
so that you can you can feel that that income
bucket back up periodically to where you know you have
a steady stream of predictable income.
Speaker 6 (22:45):
And let's not forget taxes.
Speaker 2 (22:47):
To me, when we think about longevity risks, we think
about I think about, well, you know, what is the
tax situation gonna look like in another thirty years. Again,
this is what we do, and we would love to
help you. Text us at two two five five, two
three six three eight nine, text visit two two five
(23:11):
five two three six three eight nine, or you can
text book and we'll send you the first chapter of
my book two two five five two three six three
eight nine.
Speaker 6 (23:24):
Are simply give us a call. We'd love to help you.
Speaker 4 (23:28):
We're talking about longevity right now. We're gonna come back
and talk more about it. We're gonna get into well,
how do I know if I'm spending too faster, I'm
not spending enough? How do I even know that? Christie
Matt will talk about that when we come back on
your money matters.
Speaker 5 (23:40):
Stay with us 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 1 (24:00):
A quarter twenty five cents, that's hardly anything, right ah,
But at Presley Wealth Management we see quarters a little differently.
A quarter is a lot when it's a quarter of
your retirement savings. 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
(24:21):
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 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
(24:42):
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 5 (24:52):
Investment advisory services offered through AE Wealth Management LLC. A
registered investment advisor firm, may not give tax advice. Text
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
(25:12):
five two three sixty three eight nine.
Speaker 4 (25:16):
Lady with us today for your buddy matters with Christy
Smith and Matt Kennedy of Presley Wealth Management.
Speaker 1 (25:21):
Again.
Speaker 4 (25:21):
You can always learn more on the website Presleywealthmanagement dot com.
A lot of great information there. Find out about ucoming events.
Find out more about Christy, Matt and the team Presleywealthmanagement
dot com. If you have questions, you want to sit
down with the team, have a conversation two two five
five to two three sixty three eighty nine. And as
Christy said, you could text the word visit as well
and the team will get back to you early next week.
But if you just want to talk to him, give
(25:42):
them a call. Two two five five to two three
sixty three eighty nine. I'm Mark Kelly Glader with us.
We're talking about longevity and some of the numbers are
pretty crazy. If you've made it to sixty five years
of age, you're likely to live past seventy seven, all
the way to eighty four for men eighty six for women.
But fifty percent of people will actually live longer than that.
And the number of Americans age ninet year old are
nearly tripled between nineteen eighty and twenty ten, and that
(26:05):
number is expected to triple again by twenty forty. And Christy,
one of the challenges we all have is we can't
wait untill. Most people are so excited to get into retirement.
They've got big plans. Well, if you spend too much
too early, then obviously you run the risk of running
out of money before you run out of life.
Speaker 1 (26:22):
But on the other side.
Speaker 4 (26:24):
Because people have Usually most people have commence to down
with you've probably done a great job of saving, which
means sometimes they have our hard time spending and if
we're too frugal, then we're not really maybe enjoying retirement
the way we could. How do you find a balance
for your clients at Presley Wealth Management?
Speaker 2 (26:41):
Well, I think that first of all, for our clients,
being able to see that they're not going to outlive
their income is an eye opener. You know, that's a
big moment right there where they can get this sense
of relief because that's their number one question when they
come in. Can we retire and can we generate the
income we're looking for? But you're right, often a lot
(27:05):
of times were actually able to show the client where
they can spend more than what they actually are looking for.
It is a big aha moment, and to me, it's
one of the things that brings me a lot of
joy is being able to show the clients what they
can actually do because you got to understand, people that
are retiring right now don't have the same objectives that
(27:28):
our grandparents had.
Speaker 6 (27:29):
Bark.
Speaker 2 (27:29):
You know, a lot of our clients they want to
make a difference in their grandchildren's lives. They want to
help fun schooling. You know, it's not you know, I
would say when my grandparents raised my parents, when my
parents were grown, when you know, they were you know,
(27:50):
educated and got full time jobs.
Speaker 6 (27:51):
They were on their own, and.
Speaker 2 (27:53):
My grandparents never then went back and said, oh, let's
work on taking care of the grandkids. It was all about,
let's support the kids when they're grown. We're going to save,
but then we're going to leave it to the kids.
Speaker 6 (28:04):
You know.
Speaker 2 (28:05):
Now the mindset is shifting, and people want to be
able to see.
Speaker 6 (28:10):
They want to be able to see.
Speaker 2 (28:11):
Their children and their grandchildren benefit from what they've worked
so hard for. And they don't necessarily want to leave
it all. They don't want to run out, but they
don't want to leave it all until they pass away.
They want to be able to see their families, you know,
in a better position because of what they've done.
Speaker 6 (28:29):
I'm a prime example of that.
Speaker 2 (28:31):
You know, I want to be able to see that
my grandchildren are going to a good school and my
daughter and son in law have done a great job.
They would send them to that school anyway, they would
just make more sacrifices, and you know, for for Rick
and I to be able to say, let us help,
that's not about you know, oh, we want to do
this for our kids. We want to do it for
(28:52):
our grandchildren. And what we're seeing is more and more
of our clients want to do that. And so when
we meet with them and we're number one able to say, hey,
you can do this. We can generate what you need.
But now let's look at what can you do. And
it's all about creating this holistic plan because then you
(29:13):
can start integrating, you know, legacy planning. You can start
integrating how can you give to your family, your grandchildren,
your charities, charities you now and see the difference that
you can make.
Speaker 1 (29:28):
Mark, I want to slide in here though, Christy, you
nailed it. The majority of people who come in they're ready,
they're going to be okay. We can predict with very
high certainty that their retirement will be okay and they
can achieve those dreams. But occasionally, because it's happened to
me last week, occasionally we have to tell them the
hard facts. A gentleman said, I'd love to retire at sixty.
(29:50):
Is it doable? I said, it's doable, but it's risky
because if you do it and the markets aren't incredibly
friendly to you considering how much you need to live on,
because you won't have any social security until sixty two.
I showed him there's a high probability that you could
be out of money in your late eighties. Now, I said,
look what happens if you work two more years. The
(30:11):
results were astounding based on historical norms. His funds would
last until he was ninety nine and his wife was
ninety eight if he just works two more years, because
he won't be tapping his assets as quickly, because he
can start social Security if he wants at sixty two.
So we're going to tell you either way. Sometimes the
conversation is why are you still working. Sometimes the conversation
(30:33):
is you might need to work a little longer. But
that's what we do. We are looking out for your
best interests.
Speaker 2 (30:39):
And right now, Mark, you have to think with this new, big,
beautiful bill, think about the opportunities that we have.
Speaker 6 (30:47):
You know, let's get this straight. Nothing is permanent.
Speaker 2 (30:51):
They can say permanent, but it's permanent until another administration
changes it. So when we start thinking about what can
we do now to maximize our retirement. Well, we can
take advantage of the legal loopholes in the tax system,
because I think taxes are a major obstacle in retirement.
We look at longevity as a risk, but taxes really
(31:14):
are a risk as well. We're in a window where
we have the opportunity to take advantage of our tax
system to where we can really have a like we
can position our retirement assets to where we can give
the government less money than what we have to in
the future if they change the tax system.
Speaker 1 (31:33):
I have to tell you, I mean being smart. The
Big Beautiful Bill, certain segments of it expire at the
end of twenty twenty eight, and one of the segments
that expires, Folks, listen, this is what impacts many of
you the most. If you are sixty five or older,
a married couple filing jointly, if you're both sixty five
and older, you're getting an extra twelve thousand dollars total
six thousand each added onto your standard deduction. I've got
(31:57):
to tell you there are people who I have talked
and Christy as well, and April in our office. We
have talked to people who said, you know what, I
was going to work a few more years I'm done
because they realize that the tax savings alone is putting
money back in their pocket. Think about it. If you're
both sixty five or older and your standard deduction is
(32:19):
significantly higher now twelve thousand dollars more, that's one thousand
dollars more a month you can put in your pocket
and not pay taxes on the money. I mean, that's
a simplistic way of looking at it.
Speaker 4 (32:29):
Forty seven hundred is your standard deduction.
Speaker 1 (32:32):
Exactly, and before it was around thirty three thousand. So basically,
you've got an extra thousand a month. And if that's
all the extra quote unquote you need to live on.
If you don't have to pay the taxes, why would
you keep working if you don't want to. So we
have the software to show you the numbers, and that's
how we help you plan. First thing we do is
we talk to you on the phone, and we sit
(32:53):
down with you in person and really understand what is
the dream. We call it our vision visit. It's not
about saying here's a pen by some mutual funds. No,
it's about what is the dream? What are the concerns?
What areas are you confident about in retirement? And what
areas are you concerned about?
Speaker 2 (33:09):
In fact, the first appointment mark, we really don't even
talk a lot about numbers. We really are focused on
our first visit. We're focused with finding out what is
your concerns, what are your dreams? Because once we understand
your concerns and your dreams, then we can go to
(33:32):
work and we can see, hey, can we do this?
So it's all about information. And Matt hates when I
say this. He's laughing because he knows I'm right. You
don't know what you don't know. And what we would
love to do is have the opportunity to sit with
you completely, like there is no cost, there is no obligation,
(33:57):
there is no pressure, Like, let's just have a conversation.
Can you accomplish your goals? We would love to help
Text two two five five, two three six three eight nine.
Just text that number and type in the word visit
(34:18):
and we will reach out to you one Monday and
schedule a fifteen minute call. Because that's where it all
starts with, is a quick call. Let us walk through this.
Speaker 6 (34:26):
Journey with you. It is a journey.
Speaker 1 (34:27):
It's a journey.
Speaker 6 (34:28):
Retirement is a journey.
Speaker 1 (34:29):
Two two five five two three six' three eight, nine
and we'll get back with you and get you in
our office and start helping you on that retirement.
Speaker 4 (34:38):
Journey so we've got a fun final segment coming up
With Christian. Matt we're gonna ask them some questions about.
Themselves stay with. Us we're back with a final segment
Of Today's Your Money matters With Christy smith And Matt
Kennedy Presley Wealth.
Speaker 5 (34:50):
Management right after this time you listen To Christy smith
And Mat kennedy on the. Radio now go in and
talk with them in. Person let them help you retire
confidence two two five five two three six' three, eight
nine or go Online to presleywealthmanagement.
Speaker 2 (35:08):
Dot com with chaos on the news and uncertainty 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 come
(35:30):
sit down with me and my team so that we
can review your financial plan and.
Speaker 6 (35:35):
Help make sure that you're prepared for the. Challenges ahead just.
Speaker 2 (35:38):
Call 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.
Speaker 6 (35:47):
To build.
Speaker 2 (35:48):
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.
Speaker 5 (36:03):
Eight nine investment advisory services offered through A WEALTH management
llc a registered. Investment Advisor 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
(36:25):
five two three sixty three.
Speaker 4 (36:27):
Eighty nine welcome back To Your money Matters With christy
Smith And matt Kennedy Of Presley. Wealth Management I'm mark.
Elliott again if you, have questions you want to learn
more about where you are on that road. To RETIREMENT
can i Retire or we're gonna be okay well our
money last two two five five two three sixty three.
Eighty nine we're going to learn a little Bit about
Christy and matt in, This SEGMENT but i thought we'd
(36:48):
start with just a really a good. Retirement, Question matt
i'm gonna give this one. To you what is the
first thing someone should consider doing if they are three
to five years away?
Speaker 1 (36:57):
From retirement first thing some way should consider if they're
three to five years away, from retiring. Right right first,
of all let us help you build a retirement roadmap
that shows what the end, looks like because you can't
know what the journey is going to look like unless
you know what the final. Destination is And At Presley,
(37:17):
wealth management our proprietary smart retirement system looks at all
five areas, of retirement sources, of, income, medical medicare, advanced
planning you know things like wills. And trust but when
your three to five years out are becomes. Very. Important
risk how much risk is in? Your portfolio too much
risk in the three four years before you retire can
(37:40):
wipe out your savings and really set. Your, Plans? Amiss
okay so number one look. At risk, number two look at. T, taxes?
Right taxes are you saving into your four OH one
k in the most tax? Efficient way are there other
places you could put your money to help defeat? Higher
taxes in. The future but, most importantly it's just get.
(38:03):
A plan that's what. We do have a plan, that
says will my money last until the youngest husband or
wife makes it to age. One hundred that's. Our goal
and if you can't, do it we'll say. Work longer
but if you're, on track we'll let you. Know.
Speaker 4 (38:16):
That christy since you always say the retirement starts, with,
income right we've got to have a strategy for replacing
those paychecks or no longer coming in because we. Are
retired how can you help SOMEONE and i know, you
can but how does that work where you're trying to
help them figure out how much income they will need.
Speaker 1 (38:31):
In, retirement well.
Speaker 6 (38:32):
First, of all we want to look at.
Speaker 2 (38:33):
A budget, you know you would Be surprised mark how
many people simply don't have, a budget because think, about
it the five years before, you retire you're typically making
more than you've. Ever made hopefully you have lower debt
and you have. Excess money so you would be shocked
at how many people come to us and do not
actually know how much they're. Currently spending, FOR me i
(38:57):
like to, look, at okay how much are you bringing?
In now how much are you spending because we really
want to keep our clients in the same lifestyle that
they're accustomed to living in. IN retirement i even like
to test drive, your retirement like while you're still working
and maybe making more than you're gonna need, in retirement
(39:17):
live like you are. In retirement so the first step
is going to be creating. A budget then that's for.
Monthly expenses but once you get, that done then you
need to, think, about okay OR am i gonna want
to do?
Speaker 6 (39:29):
Other THINGS am i gonna want?
Speaker 3 (39:31):
To?
Speaker 2 (39:31):
Travel now we have to build a number into that budget.
For TRAVEL am i gonna want to buy a new?
Vehicle soon and not want to have to have?
Speaker 6 (39:41):
A Car note i'm gonna want to buy.
Speaker 2 (39:43):
A vehicle you've got to start thinking about those and
we can actually build out different scenarios where we put
those things inside of your plan so that we can
see what the long term. Effect is you can think
about how many business owners are out there listeners to.
US today i hope, a lot because when you think,
about retirement think about building. Your business when you're building,
your business you build it with the end goal. In
(40:07):
MIND like i think about Where Does Pressley wealth management
need to be in another, ten years and everything we
do here is driven by where we need to be in.
Ten years so when you're close, to retirement you need
to think. That way even if you're not a, business
owner think about how do you want to live, in
retirement and then start putting the numbers.
Speaker 4 (40:27):
To it two two five five to two three sixty
three eighty nine is the number to Chat, With christy
matt and the Team Of Presley. WEALTH management i think
it's one of the more important. Phone calls you get
mad because we were talking about the next twenty thirty
plus years of. Your life two two five five two
three sixty three. Eighty nine of course you can text
the word visit to that number. As well two two
five five to two three sixty three. Eighty nine, all,
(40:48):
right now let's do.
Speaker 1 (40:49):
Some, Fun. QUESTIONS christy i, don't know.
Speaker 4 (40:51):
We know matt was A big dj radio personality in
the area back in the day before we became a,
you know a. Financial. Wizard christy what is the best
concert you've ever? Been to are you a?
Speaker 2 (41:03):
CONCERT goer i absolutely love going, to CONCERTS and i
GOTTA say I Think morgan wallan is the Best concert
i've ever. Been TO but i am going To See
rod stewart in, another month so. Oh nice i've seen him.
SEVERAL times i like, him TOO but I Think.
Speaker 4 (41:17):
Morgan, WALLAN okay I Like rod stewart because's my high
school days right There With.
Speaker 1 (41:21):
Rod Stewart mad what, About You Elton? John ROCKETMAN and
i CAN'T believe i forgot.
Speaker 6 (41:26):
ABOUT him i saw, Him Twice Elton.
Speaker 1 (41:28):
John rocketman did you guys make It To taylor? Swift era.
Speaker 4 (41:31):
I'll, pass yeah it would have been phenomenal two hours
of just three three.
Speaker 1 (41:36):
Hours pass. HARD pass i don't know why it'd be a.
Hard pass it's a, phenomenal show is what. They, say,
yeah okay, all right.
Speaker 4 (41:42):
All, right matt this is. For you if you had a,
time machine what era would? You visit would it be past?
Speaker 1 (41:50):
Or future it would be only for, one day But
The middle ages like ten sixty six, one day but
only one day because there's no clean bathrooms in, that
era just. One day see how, It.
Speaker 2 (42:04):
LOOKED christy i THINK would i would revisit probably around
like nineteen, seventy five JUST because i have such good
memories of my, younger CHILDHOOD so i would probably want
to go.
Speaker 6 (42:21):
Back there i'd be able to see my mom.
Speaker 1 (42:23):
And dad, All right so what's your favorite? Childhood.
Speaker 2 (42:25):
Memory christy my favorite childhood memories when my dad used
to always buy my mom something really Nice. For christmas
but this one year she wanted, diamond earrings so and
my dad had a sense, of humor so he hid
the diamond earrings Won the christmas tree as like, an
ornament and he wrapped up in an, empty box and
(42:47):
he gave her clues like a scavenger hunt to where
she Had to she had to go through like ten
different things before it led her To the christmas tree
to find the.
Speaker 6 (42:57):
Diamond.
Speaker 2 (42:57):
Earrings NICE and i think that was actually jennifer favorite,
member too when when we were talking a couple of
years before she, passed away that was that was actually
one of her favorite memories.
Speaker 1 (43:07):
As well, Your, sister, yeah, Yeah. Yeah matt do you
Have one christmas nineteen, seventy one the grippity grabber? Racetrack
thing just Google it mark you can.
Speaker 6 (43:19):
Remember. THAT sea i was, saying, three.
Speaker 1 (43:21):
No, SHUT up i was five. OR six i don't
bottom LINE is i remember IT because i had asked
my parents for it and, they, said oh we can't,
afford that but then my grandma got it. For me
the grippity grabber is, a great, great toy like astronaut toy. Or, something,
yeah okay, all right here's an. INTERESTING one i think
you think.
Speaker 4 (43:41):
About it we have more and more people that are
going you, KNOW what i can't really afford to Live
In AMERICA when, I retire i'm going to go to some.
Other country if you could live anywhere in, the world
where would.
Speaker 2 (43:50):
It be i'd have to think, about that but my
first reaction would lead me to probably Somewhere, in.
Speaker 1 (43:58):
Italy either tuscany In central italy or Either, northern portugal two.
Amazing places both of, them, are yeah. AMAZING places, i
mean if you just, said here money's, no object go.
DROP down, I mean i know there's gonna be grand
kids in. My future you've got, Grandkids Now so i'm
NOT saying i would just. Do that but in terms
(44:19):
of just where is a beautiful place that's not it's, a,
dead gum hot. And humid yeah that, SOUNDS good. I.
Think o why. He's awesome i've been there. SEVERAL times i. Like,
her yeah. It's extsive what.
Speaker 4 (44:29):
Doesn't matter money's not, a factor, that's right? Do, it, yeah,
okay absolutely. All right, final one and THIS one i
think is important because it's kind of what you ask. Your,
clients christie, you know what's your perfect day? In retirement
what's it going to be when you're trying to get
a feel for them and their hopes?
Speaker 1 (44:46):
And dreams what is your?
Speaker 2 (44:47):
Perfect weekend my perfect weekend is going to, include, church family.
Speaker 4 (44:56):
And.
Speaker 1 (44:56):
Good, food matt what? About you perfect week just you
know with my wife and kids. Is awesome some very
good wine would, be good and A nice italian dish
would be.
Speaker 4 (45:06):
Marvelous, too Hey remind christy how people get a hold
of you and the team if they got questions about
where they are on that road. To, RETIREMENT man I
think i. CAN retire i think we've, Got enough but
they don't. Really know why not get?
Speaker 2 (45:16):
Some, answers well you CAN call chew two five five
two three six three, eight nine or you can text
the word visit SAME number chwo two five five two
three six three. Eight, nine AGAIN that's chwo two five
five two three six three.
Speaker 3 (45:37):
Eight Nine Presley wealth management has a strategic partnership with
tax professionals and attorneys who can provide tax and or.
Speaker 5 (45:45):
Legal advice 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 offers products
and SERVICES Through Ae WEALTH, management llcawm a registered. INVESTMENT
advisor awm does not offer. Insurance products the insurance products
(46:09):
offered By The pressley group are not subject to investment.
ADVISOR requirements awm And The presley group are not. Affiliated
companies investing, involves risk including the potential 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.
(46:31):
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 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
(46:53):
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
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 2 (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 1 (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.
Speaker 4 (00:51):
I'm Mark Elliott here alongside Christy Smith, the founder of
Presley Wealth Management, and Matt Kennedy. Matt's been with Christy's
team since late two thousand and eight and Christy is
not here yet. She will be here, so Matt is
going to start the show. Christy will join us probably
in the next segment. That's what we're thinking. You can
always go to the website Presley Wealthmanagement dot com to
learn more about Christy, Matt and the team. You think
(01:13):
about retirement, How in the world do I figure all
of this stuff out. That's what they're here for to
kind of walk side by side and help you if
they can. They don't know if they can help you
until you reach out. You can always give them a call,
though there is no cost for have a conversation with
the team. It's two two five five two three sixty
three eighty nine. Two two five five two three sixty
three eighty nine. We are talking today about the tariffs.
Speaker 1 (01:37):
The tariffs.
Speaker 4 (01:39):
This has been going on since Trump. I think during
the campaign, Hey, we're gonna put tariffs on. We're we're
gonna just go crazy. We're gonna have so much money
coming in now. In his defense, he has always kind
of waffled a little bit when things got a little
heated and the market starts getting bumpy. He's always kind
of related, hey, let's give him a little bit more time.
Let's let's give him ninety days. So he has worked
(01:59):
this system. It seems to me to be pretty good
because his theory is he can't we can't tax our
way out of this debt. We've got to have other
ways to get money in to try to attack our debt.
That's his theory, and I mean, nothing else has worked,
so I'm okay with it.
Speaker 1 (02:13):
What do you think, Well, the counter to that, someone
probably yelled at the radio. Yeah, but tariffs are basically
just another tax on us, and I look, let's not
make it political. Let's just stick to the facts that
we know. So and this changes day by day. But
a week and a half ago, basically the US cut
of deal with Japan, Indonesia, and the Philippines, and then
(02:35):
we found out last Sunday that the deal was cut
with the EU too. And I think if you go
back and listen to a few radio shows that we
did a few weeks back, I said that we can
have agreements with every other country, but it's EU and China.
That's that's the two that are the biggies that will
kind of get us over the tariff concern, if you will, right,
(02:58):
or at least the initial tariff concern. So the deal
with the EU is the United States will impose a
tariff of fifteen percent on all imports from the EU
except pharmaceuticals, and the EU will impose tariffs of zero
percent on US goods except automobiles. They'll have a fifteen
(03:18):
percent tariff coming from here to there. And then the
UA says they're gonna purchase like seven hundred and fifty
million dollars in energy and invest up to six hundred
billion in the USA. I got to tell you it's
a lopsided deal that favors America. I'll tell you that
it really does. But our economy is growing so much
better than theirs. We don't have near the regulatory weight
(03:41):
they do, so it's a win for America. But the
holdout remains China. And as of you know, earlier in
the week the deal was, hey, we've got a ninety
day pause on that. But I think it's safe to
say the markets have kind of baked in that the
tariff deal will get worked out. If China in the
US don't come to an agreement, that could be very frothy,
(04:03):
very frothy. You know.
Speaker 4 (04:04):
One of the things that I think is that we
know that most people do not sit down with the
retirement planning team. Most people do it on their own,
probably seventy percent, which to me is kind of crazy
when you're thinking income, investment, taxes, healthcare, legacy planning, sobs, screity,
medicare all the decisions we have to make. Why would
you do it on your own when you don't have to?
And I think a lot of people think that if
they commit to sit down with you and Christy, you
(04:25):
guys are trying to be like Trump and you're trying
the art of the deal that is so far from
what you guys do. You're here to help people, You're
not trying to sell a thing.
Speaker 1 (04:33):
Now, let me, if you will kind of dig deeper
into what you said about seventy percent of people do
it themselves. There are some do it yourself people mark
who to them, do it yourself means I do my
own investments and that's fine, But a lot of people don't.
And I don't mean this to sound like I'm chastising,
but a lot of people don't do anything. And they
(04:53):
may fall into that category of do it yourself. In
other words, they have their investments, they're working, they have
the four zero one, or maybe they're retired, and maybe
you have the IRA and stuff, but you don't really
mess with it. You just kind of leave it alone.
And that works when things are good. But the question
is is only twenty percent of the job getting done?
(05:14):
Because at Presley Wealth Management, there's five critical areas of
retirement we dig into, not just one. See, investments are
one part of your retirement plan, but there's five critical areas.
Don't forget. There's s sources of income. In other words,
where's your money coming from when the paycheck stop? And
(05:34):
will it be enough? That's the number one concern most
of you have. How do I turn my savings into
consistent income? So sources of income? How do you determine
when and how to best take Social Security? Should you
take a lump sum from your pension? Do you take payments?
I mean, how do you coordinate these things? So sources
(05:56):
of income is one of the five critical areas. M
that's medical and medicare. How do you make that transition
from work insurance to either medical insurance through say something
like the Affordable Care Act or private insurance and medicare
so many important steps there. What are the rules? Are
you going to risk being penalized if you don't do
(06:18):
it right? Possibly? So we help walk you through there.
A that's advanced planning, things like Will's trust, estate planning,
things like that we're not attorneys, but we have a
network of people who are licensed to do that and
we can figure out how to point in the right direction.
There's two more so SMA, there's R and T. See
it's smart. R is risk management, and that's what some
(06:41):
people have been nervous about, how the tariffs could cause
the market to be very bad. It was bad at first,
but it became the quickest recovery in the modern history
of the stock market. But a lot of you may
have been so worried that you said, I'm bailing, I'm
getting out, I'm going to sit in cash. Well, you
missed a great run back. Help manage the risk. And
(07:02):
then T is for taxes, and when when you talk
about tariffs, that's the other T word. The exposure that
you'll face to long term taxation could change dramatically. There
have been monumental changes to the tax code under the
one Big Beautiful Bill, and if you are sixty five plus,
(07:23):
you are at some of the lowest federal taxes you'll
ever pay ever ever. But they're the Trump Big Beautiful
Bill tax cuts and the add ons. For those of
you sixty five and older, it's only good through the
end of twenty twenty eight. So let's talk. Let's come
up with a strategy to not only build a plan,
(07:44):
but to help plan to reduce taxes. You can do this.
You can just call us at two two five five
two three six three eight nine. That's two two five
five two three six three eight nine.
Speaker 4 (07:58):
You know, you talk about the fact that, hey, if
you're doing it yourself and the markets are all good,
and there's really not a lot to worry about. And
what I always think is the things that we didn't
see happening, right, I mean not long ago. You go
back to twenty twenty in COVID. We didn't see that coming, right.
You go to nine to eleven, didn't see that coming.
You go back to Pearl Harbor in nineteen forty one.
(08:20):
That is the challenge when things that are unexpected happened,
and then all of a sudden everything gets wonky for
a while. That's where the planning process. People that are
worried about their money running out before they run out
of life do not have a plan. They're hoping that
they've got things under control. They don't really know for sure.
Speaker 1 (08:37):
Yeah, you're right, listen. I have to tell you something
I was coming back home. One time, I had been
at the office in Denim Springs and I ran over
to Hammond because I had a homebound client who had
recently had some surgery. I had to pick up some
paperwork from them, so I said, Oh, you don't have
to get out, I'll come grab it. And it was
my birthday in twenty nineteen. It was June twenty, twenty nineteen.
(09:01):
Mark and I headed back on the I twelve and
came to a dead stop near the Satsuma exit. I
mean a dead stop, and I'm like, ah, looked at
my GPS, Yep, there's a wreck up ahead. But I
remember that three or four years earlier, I had been
in a similar situation, and I remember, if I take
this exit and go south, there's some road that cuts
over and joins back up with the highway, the state
(09:25):
Highway going south. I'm gonna do that. So all I
did was I looked at my GPS because I couldn't
remember the name of the road. Then I saw it, Oh,
Hood Road, Hood, that's it. I didn't leave the GPS
turned on. I just said, I know where that's that.
I've done this before. Long story short, I got on
Hood Road, and I ended up getting stuck. My car
went into a mud puddle. And the reason is because
(09:49):
when the Great Flood of twenty sixteen happened, it washed
out a bridge and the road was shut down. But
I didn't turn the GPS on. It would have told
me so. Trying to go through retirement and take care
of all five areas for most people as like driving
blind or driving without a GPS. So if we can help,
we're here again. Two two five five two three sixty
(10:13):
three eighty nine. That's five two three sixty three eighty nine.
Might be the most important phone call you make.
Speaker 4 (10:18):
There's no cost, there's no obligation, there is no pressure
whatsoever from Christy and Matt and the team at Presley Wealth.
Speaker 1 (10:24):
We're back with more.
Speaker 4 (10:25):
We're just getting started on your money matters with Christy
Smith and Matt Kennedy a Presley Wealth Management back right
after this.
Speaker 5 (10:33):
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 three eight nine, or go online to
Presleywealthmanagement dot com.
Speaker 2 (10:52):
With chaos on the news and uncertainty 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. Come sit down
(11:13):
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 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
(11:34):
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 5 (11:46):
Investment Advisory services offered through AE Wealth Management LLC, a
registered investment advisor. Presley Wealth Management is ready to help
answer your questions and guide you as you make decisions
about health coverage. Paul to talk to the Presley Wealth
team two two five five two three six three eight nine.
(12:07):
That's two two five five two three sixty three eighty nine.
Speaker 4 (12:13):
Welcome back to your Money Matters with Christy Smith and
Matt Kennedy of Presley Wealth Management. I'm Mark Kelly, glad
you are with us today. We've got Christy Smith, the
founder of Presley Wealth Management, started the company in two
thousand and six, so Matt joined your team in two
thousand and eight. And what I wonder is how much
things have changed in their planning process that you and
(12:34):
your team Christy at Presley Wealth Management have used because
of this fact. And they're calling it a longevity revolution,
and which could be a great thing, right, living longer
could be great, But if you don't have any money
and you don't have any health, then it's not great.
So there's a lot of maybe it's a great thing.
But if you hear that term, Christy, longevity revolution, what
(12:56):
does that mean for you and your team at Presley
Wealth Management and putting these retirements plans together, Well, it.
Speaker 2 (13:01):
Simply means to me that that we have to plan
for a lot longer lifespan in retirement. What we're seeing
is people are actually living as long in retirement as
they as they worked. I mean, that's that's totally crazy.
The average lifespan has risen by more than six years
across the globe in the past century. So what that
(13:23):
means is, if you've made sixty five years old, you're
likely to live past seventy seven, all the way to
eighty four for men and eighty six for women.
Speaker 1 (13:35):
That's just the averages, right, just the average.
Speaker 2 (13:37):
Yeah, fifty percent of people will actually live longer than that.
I mean we start thinking about you know, to me,
I often say, sixty five is the old forty five?
And why is that? Because we have clients that are,
you know, in their eighties late eighties, they're still very
(13:59):
out of them. Is a a erobic instructor or a
yoga instructor. You know, they're living very active lives and
they're living much longer. So to me, when we look
at the risk in building a retirement plan, we have
to build in that longevity risk because when we first started,
(14:21):
you know, building complete plans, I don't remember, I don't
think longevity was one of the real major concerns at
that point. It was truly risk, you know, and outruking
your income because of market conditions.
Speaker 1 (14:34):
Or sickness, but not necessarily living so long that you
outlive the asset, right.
Speaker 2 (14:39):
And it's why we talk about long term care, because
you know, when you hear the word long term care,
the words you typically think, oh, nursing home care. I
don't think of nursing home care when I hear the
word long term care. I think of someone living to
their into their nineties. They just simply need help. Maybe
they need help in their home, maybe they've moved to
(15:02):
an assisted living facility. Longevity is a real risk, and
it's something that we have to factor in when we're
building a long term plan.
Speaker 1 (15:11):
You're ready for one more stunning statistic. This one is
just amazing. The number of Americans aged ninety or older
nearly tripled between nineteen eighty and twenty ten.
Speaker 2 (15:26):
Do you think that has some correlation with the number
of divorces are higher in that generation in the sixties.
Speaker 1 (15:34):
The number of Americans aged ninety or older triple almost
triple between nineteen eighty and twenty ten. It's medical advancements,
and that number is expected to triple again by twenty forty.
I remember my Grandpa Crane, he was my great grandfather.
I remember he lived into his mid nineties and My
(15:55):
grandpa Fad he was my great grandfather on my dad's side,
lived until he was ninety four ninety five. I was adopted,
so I don't know about those genes for me, but
that was years ago. My grandmother lived into her late nineties,
but my grandfather he passed away when he was in
his late sixties. And so you know, if you've got
the genetics that meant that some of your grandparents lived
(16:18):
into their nineties, you could be looking at one hundred folks.
There's no doubt about it, right, Christy.
Speaker 2 (16:23):
Absolutely, and you have to understand that because of longevity,
retirees truly face financial challenges that our grandparents and our
great grandparents did not face. You know, I was very blessed.
My grandmother lived into her nineties there you go, you know,
and the last five years of her life she did
(16:44):
need care. But to me, building the foundation in a
true retirement plan means making sure you're never.
Speaker 6 (16:54):
Going to run out of income.
Speaker 2 (16:56):
Remember there's no retirement without income, right, make sure we've
got that income covered. We want to increase the income
as you get older to offset for inflation, but we
also want to plan in the no go years that
you likely could spend more than in your.
Speaker 6 (17:12):
Go go years.
Speaker 1 (17:14):
The younger baby boomers and the older millennials, you know,
those of you fifty eight, fifty nine. What were the
trend that we're seeing Is you care much more about
maintaining the same lifestyle early in retirement that you had
whenever you were working. I would say, Christy. For most
of our older retired clients who are now in their eighties,
(17:34):
there's probably a good chance we could cut their income
in half and they'd be fine. Not today's clients. They
want to maintain pretty much the same lifestyle go go years,
But we understand there'll come a time when their knees
will hurt and they won't want to go as much
and they'll have the slow go years. Then they'll hit
their old age. What is that anymore? It's not necessarily eighty,
(17:55):
Maybe it's ninety five, and those will be the no
go years when you have to plan for your expenses
to rise because of sickness. But if you wait till
that happens, you could be in a mind That's why
you have to address those kind of things right now.
Speaker 2 (18:10):
Well, I would think that sickness might not be the
number one expense in the Nogo years. I think it
just might be that you live so long you need help,
you know. So to me, building a properly designed, holistic
retirement plan is going to include longevity risk. Look, we'd
(18:31):
love to help you. We've got tools that can help you.
Optimizing your social security benefits is going to become more
and more important as you're living longer.
Speaker 6 (18:41):
We'd love to help.
Speaker 2 (18:43):
Give us a call, or you can text go to
two two five five two three six three eight nine.
You can text the word visit if you'd like to
schedule a visit to come in and meet with us
again two two five five to two three six three
eight nine. You can text the word book and we
(19:04):
will send you a chapter of my book. This is
what we do and we'd love to help you. You know,
when you think about longevity risk, you have to think
about keeping up your income with inflation as well. And
it's another reason why it's so important to look at
how to maximize your social security benefits and we'd love
(19:24):
to help you with that. To me, your social security
benefits are going to be the foundation in building your
retirement house.
Speaker 4 (19:33):
So, Matt, with this longevity factor, that's pretty amazing stat
the number of Americans age nine year older are tripled
between nineteen eighty and twenty ten, expected to triple again
by twenty forty.
Speaker 1 (19:43):
Does that mean we.
Speaker 4 (19:44):
Should invest more aggressively because usually we get to retirement like, okay,
well we now be a little safer with our money
now because it's got to last twenty thirty plus years. Now,
maybe we need to invest more aggressively or does it
still come back to whoever you're sitting down with, doesn't it?
Speaker 1 (19:57):
It really does. And there's a school of thought that
it says, well, if you've got more longevity, you can
afford more risk. But the way we view it is
very simple. You have to be hyper focused right before
you retire. When I say right before, the three years
before you retire and the three to four maybe three
to five years after you first retire, you must be
(20:19):
aware of the risk of sequence of returns. Here's some
math for you, but it's easy radio math. Imagine you
retired in the year nineteen ninety and you had five
hundred thousand dollars in your IRA, and you took out
thirty grand a year. You said, I'm just gonna take
(20:39):
thirty grand a year out pay the taxes, I'll live
on that, and you were fully invested in the stock market.
Ten years later, you would have more money than you
started with. You would have around eight hundred thousand dollars
and you would have taken all that money out to
live on. Why because the market was so good between
nineteen ninety and two thousand. Now flip that around. If
(21:01):
you had retired in two thousand through twenty ten, remember
what happened in two thousand, Christy, you know the dot
com crash, then nine to eleven, the enormous session than
the great housing crisis of two thousand and eight and
two thousand and nine. So if you had done that,
you wouldn't have eight hundred and fourteen thousand dollars left.
You would have sixty nine thousand dollars left. See what
(21:23):
I'm saying. So we still want to balance risk with reward.
And what does Christy Smith always say? There is no
retirement without retirement income. So our focus is, let's stabilize
the income, make sure we maximize social security, use the
tools that create the income that allows us to have
(21:44):
a bucket of money that's for growth, a bucket of
money that's for income. That's how we plan.
Speaker 6 (21:49):
It's really all about having a plan. Mark.
Speaker 2 (21:51):
When you have a plan and things go, you know, crazy,
you don't have to worry.
Speaker 1 (21:58):
You know.
Speaker 2 (21:58):
One of the things that really resonated with Matt when
he came to work with me was that he was
very surprised at how many people were calling from our
radio program saying that their current advisor was wanting them
to cut their income some in half. Yes, that was
(22:20):
the biggest wake up call for him.
Speaker 1 (22:22):
Yep.
Speaker 2 (22:23):
And so to me, it's about having a plan that's
gonna generate the income you need, but then have other
buckets per se that are designed for long term growth
so that you can you can feel that that income
bucket back up periodically to where you know you have
a steady stream of predictable income.
Speaker 6 (22:45):
And let's not forget taxes.
Speaker 2 (22:47):
To me, when we think about longevity risks, we think
about I think about, well, you know, what is the
tax situation gonna look like in another thirty years. Again,
this is what we do, and we would love to
help you. Text us at two two five five, two
three six three eight nine, text visit two two five
(23:11):
five two three six three eight nine, or you can
text book and we'll send you the first chapter of
my book two two five five two three six three
eight nine.
Speaker 6 (23:24):
Are simply give us a call. We'd love to help you.
Speaker 4 (23:28):
We're talking about longevity right now. We're gonna come back
and talk more about it. We're gonna get into well,
how do I know if I'm spending too faster, I'm
not spending enough? How do I even know that? Christie
Matt will talk about that when we come back on
your money matters.
Speaker 5 (23:40):
Stay with us 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 1 (24:00):
A quarter twenty five cents, that's hardly anything, right ah,
But at Presley Wealth Management we see quarters a little differently.
A quarter is a lot when it's a quarter of
your retirement savings. 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
(24:21):
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 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
(24:42):
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 5 (24:52):
Investment advisory services offered through AE Wealth Management LLC. A
registered investment advisor firm, may not give tax advice. Text
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
(25:12):
five two three sixty three eight nine.
Speaker 4 (25:16):
Lady with us today for your buddy matters with Christy
Smith and Matt Kennedy of Presley Wealth Management.
Speaker 1 (25:21):
Again.
Speaker 4 (25:21):
You can always learn more on the website Presleywealthmanagement dot com.
A lot of great information there. Find out about ucoming events.
Find out more about Christy, Matt and the team Presleywealthmanagement
dot com. If you have questions, you want to sit
down with the team, have a conversation two two five
five to two three sixty three eighty nine. And as
Christy said, you could text the word visit as well
and the team will get back to you early next week.
But if you just want to talk to him, give
(25:42):
them a call. Two two five five to two three
sixty three eighty nine. I'm Mark Kelly Glader with us.
We're talking about longevity and some of the numbers are
pretty crazy. If you've made it to sixty five years
of age, you're likely to live past seventy seven, all
the way to eighty four for men eighty six for women.
But fifty percent of people will actually live longer than that.
And the number of Americans age ninet year old are
nearly tripled between nineteen eighty and twenty ten, and that
(26:05):
number is expected to triple again by twenty forty. And Christy,
one of the challenges we all have is we can't
wait untill. Most people are so excited to get into retirement.
They've got big plans. Well, if you spend too much
too early, then obviously you run the risk of running
out of money before you run out of life.
Speaker 1 (26:22):
But on the other side.
Speaker 4 (26:24):
Because people have Usually most people have commence to down
with you've probably done a great job of saving, which
means sometimes they have our hard time spending and if
we're too frugal, then we're not really maybe enjoying retirement
the way we could. How do you find a balance
for your clients at Presley Wealth Management?
Speaker 2 (26:41):
Well, I think that first of all, for our clients,
being able to see that they're not going to outlive
their income is an eye opener. You know, that's a
big moment right there where they can get this sense
of relief because that's their number one question when they
come in. Can we retire and can we generate the
income we're looking for? But you're right, often a lot
(27:05):
of times were actually able to show the client where
they can spend more than what they actually are looking for.
It is a big aha moment, and to me, it's
one of the things that brings me a lot of
joy is being able to show the clients what they
can actually do because you got to understand, people that
are retiring right now don't have the same objectives that
(27:28):
our grandparents had.
Speaker 6 (27:29):
Bark.
Speaker 2 (27:29):
You know, a lot of our clients they want to
make a difference in their grandchildren's lives. They want to
help fun schooling. You know, it's not you know, I
would say when my grandparents raised my parents, when my
parents were grown, when you know, they were you know,
(27:50):
educated and got full time jobs.
Speaker 6 (27:51):
They were on their own, and.
Speaker 2 (27:53):
My grandparents never then went back and said, oh, let's
work on taking care of the grandkids. It was all about,
let's support the kids when they're grown. We're going to save,
but then we're going to leave it to the kids.
Speaker 6 (28:04):
You know.
Speaker 2 (28:05):
Now the mindset is shifting, and people want to be
able to see.
Speaker 6 (28:10):
They want to be able to see.
Speaker 2 (28:11):
Their children and their grandchildren benefit from what they've worked
so hard for. And they don't necessarily want to leave
it all. They don't want to run out, but they
don't want to leave it all until they pass away.
They want to be able to see their families, you know,
in a better position because of what they've done.
Speaker 6 (28:29):
I'm a prime example of that.
Speaker 2 (28:31):
You know, I want to be able to see that
my grandchildren are going to a good school and my
daughter and son in law have done a great job.
They would send them to that school anyway, they would
just make more sacrifices, and you know, for for Rick
and I to be able to say, let us help,
that's not about you know, oh, we want to do
this for our kids. We want to do it for
(28:52):
our grandchildren. And what we're seeing is more and more
of our clients want to do that. And so when
we meet with them and we're number one able to say, hey,
you can do this. We can generate what you need.
But now let's look at what can you do. And
it's all about creating this holistic plan because then you
(29:13):
can start integrating, you know, legacy planning. You can start
integrating how can you give to your family, your grandchildren,
your charities, charities you now and see the difference that
you can make.
Speaker 1 (29:28):
Mark, I want to slide in here though, Christy, you
nailed it. The majority of people who come in they're ready,
they're going to be okay. We can predict with very
high certainty that their retirement will be okay and they
can achieve those dreams. But occasionally, because it's happened to
me last week, occasionally we have to tell them the
hard facts. A gentleman said, I'd love to retire at sixty.
(29:50):
Is it doable? I said, it's doable, but it's risky
because if you do it and the markets aren't incredibly
friendly to you considering how much you need to live on,
because you won't have any social security until sixty two.
I showed him there's a high probability that you could
be out of money in your late eighties. Now, I said,
look what happens if you work two more years. The
(30:11):
results were astounding based on historical norms. His funds would
last until he was ninety nine and his wife was
ninety eight if he just works two more years, because
he won't be tapping his assets as quickly, because he
can start social Security if he wants at sixty two.
So we're going to tell you either way. Sometimes the
conversation is why are you still working. Sometimes the conversation
(30:33):
is you might need to work a little longer. But
that's what we do. We are looking out for your
best interests.
Speaker 2 (30:39):
And right now, Mark, you have to think with this new, big,
beautiful bill, think about the opportunities that we have.
Speaker 6 (30:47):
You know, let's get this straight. Nothing is permanent.
Speaker 2 (30:51):
They can say permanent, but it's permanent until another administration
changes it. So when we start thinking about what can
we do now to maximize our retirement. Well, we can
take advantage of the legal loopholes in the tax system,
because I think taxes are a major obstacle in retirement.
We look at longevity as a risk, but taxes really
(31:14):
are a risk as well. We're in a window where
we have the opportunity to take advantage of our tax
system to where we can really have a like we
can position our retirement assets to where we can give
the government less money than what we have to in
the future if they change the tax system.
Speaker 1 (31:33):
I have to tell you, I mean being smart. The
Big Beautiful Bill, certain segments of it expire at the
end of twenty twenty eight, and one of the segments
that expires, Folks, listen, this is what impacts many of
you the most. If you are sixty five or older,
a married couple filing jointly, if you're both sixty five
and older, you're getting an extra twelve thousand dollars total
six thousand each added onto your standard deduction. I've got
(31:57):
to tell you there are people who I have talked
and Christy as well, and April in our office. We
have talked to people who said, you know what, I
was going to work a few more years I'm done
because they realize that the tax savings alone is putting
money back in their pocket. Think about it. If you're
both sixty five or older and your standard deduction is
(32:19):
significantly higher now twelve thousand dollars more, that's one thousand
dollars more a month you can put in your pocket
and not pay taxes on the money. I mean, that's
a simplistic way of looking at it.
Speaker 4 (32:29):
Forty seven hundred is your standard deduction.
Speaker 1 (32:32):
Exactly, and before it was around thirty three thousand. So basically,
you've got an extra thousand a month. And if that's
all the extra quote unquote you need to live on.
If you don't have to pay the taxes, why would
you keep working if you don't want to. So we
have the software to show you the numbers, and that's
how we help you plan. First thing we do is
we talk to you on the phone, and we sit
(32:53):
down with you in person and really understand what is
the dream. We call it our vision visit. It's not
about saying here's a pen by some mutual funds. No,
it's about what is the dream? What are the concerns?
What areas are you confident about in retirement? And what
areas are you concerned about?
Speaker 2 (33:09):
In fact, the first appointment mark, we really don't even
talk a lot about numbers. We really are focused on
our first visit. We're focused with finding out what is
your concerns, what are your dreams? Because once we understand
your concerns and your dreams, then we can go to
(33:32):
work and we can see, hey, can we do this?
So it's all about information. And Matt hates when I
say this. He's laughing because he knows I'm right. You
don't know what you don't know. And what we would
love to do is have the opportunity to sit with
you completely, like there is no cost, there is no obligation,
(33:57):
there is no pressure, Like, let's just have a conversation.
Can you accomplish your goals? We would love to help
Text two two five five, two three six three eight nine.
Just text that number and type in the word visit
(34:18):
and we will reach out to you one Monday and
schedule a fifteen minute call. Because that's where it all
starts with, is a quick call. Let us walk through this.
Speaker 6 (34:26):
Journey with you. It is a journey.
Speaker 1 (34:27):
It's a journey.
Speaker 6 (34:28):
Retirement is a journey.
Speaker 1 (34:29):
Two two five five two three six' three eight, nine
and we'll get back with you and get you in
our office and start helping you on that retirement.
Speaker 4 (34:38):
Journey so we've got a fun final segment coming up
With Christian. Matt we're gonna ask them some questions about.
Themselves stay with. Us we're back with a final segment
Of Today's Your Money matters With Christy smith And Matt
Kennedy Presley Wealth.
Speaker 5 (34:50):
Management right after this time you listen To Christy smith
And Mat kennedy on the. Radio now go in and
talk with them in. Person let them help you retire
confidence two two five five two three six' three, eight
nine or go Online to presleywealthmanagement.
Speaker 2 (35:08):
Dot com with chaos on the news and uncertainty 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 come
(35:30):
sit down with me and my team so that we
can review your financial plan and.
Speaker 6 (35:35):
Help make sure that you're prepared for the. Challenges ahead just.
Speaker 2 (35:38):
Call 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.
Speaker 6 (35:47):
To build.
Speaker 2 (35:48):
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.
Speaker 5 (36:03):
Eight nine investment advisory services offered through A WEALTH management
llc a registered. Investment Advisor 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
(36:25):
five two three sixty three.
Speaker 4 (36:27):
Eighty nine welcome back To Your money Matters With christy
Smith And matt Kennedy Of Presley. Wealth Management I'm mark.
Elliott again if you, have questions you want to learn
more about where you are on that road. To RETIREMENT
can i Retire or we're gonna be okay well our
money last two two five five two three sixty three.
Eighty nine we're going to learn a little Bit about
Christy and matt in, This SEGMENT but i thought we'd
(36:48):
start with just a really a good. Retirement, Question matt
i'm gonna give this one. To you what is the
first thing someone should consider doing if they are three
to five years away?
Speaker 1 (36:57):
From retirement first thing some way should consider if they're
three to five years away, from retiring. Right right first,
of all let us help you build a retirement roadmap
that shows what the end, looks like because you can't
know what the journey is going to look like unless
you know what the final. Destination is And At Presley,
(37:17):
wealth management our proprietary smart retirement system looks at all
five areas, of retirement sources, of, income, medical medicare, advanced
planning you know things like wills. And trust but when
your three to five years out are becomes. Very. Important
risk how much risk is in? Your portfolio too much
risk in the three four years before you retire can
(37:40):
wipe out your savings and really set. Your, Plans? Amiss
okay so number one look. At risk, number two look at. T, taxes?
Right taxes are you saving into your four OH one
k in the most tax? Efficient way are there other
places you could put your money to help defeat? Higher
taxes in. The future but, most importantly it's just get.
(38:03):
A plan that's what. We do have a plan, that
says will my money last until the youngest husband or
wife makes it to age. One hundred that's. Our goal
and if you can't, do it we'll say. Work longer
but if you're, on track we'll let you. Know.
Speaker 4 (38:16):
That christy since you always say the retirement starts, with,
income right we've got to have a strategy for replacing
those paychecks or no longer coming in because we. Are
retired how can you help SOMEONE and i know, you
can but how does that work where you're trying to
help them figure out how much income they will need.
Speaker 1 (38:31):
In, retirement well.
Speaker 6 (38:32):
First, of all we want to look at.
Speaker 2 (38:33):
A budget, you know you would Be surprised mark how
many people simply don't have, a budget because think, about
it the five years before, you retire you're typically making
more than you've. Ever made hopefully you have lower debt
and you have. Excess money so you would be shocked
at how many people come to us and do not
actually know how much they're. Currently spending, FOR me i
(38:57):
like to, look, at okay how much are you bringing?
In now how much are you spending because we really
want to keep our clients in the same lifestyle that
they're accustomed to living in. IN retirement i even like
to test drive, your retirement like while you're still working
and maybe making more than you're gonna need, in retirement
(39:17):
live like you are. In retirement so the first step
is going to be creating. A budget then that's for.
Monthly expenses but once you get, that done then you
need to, think, about okay OR am i gonna want
to do?
Speaker 6 (39:29):
Other THINGS am i gonna want?
Speaker 3 (39:31):
To?
Speaker 2 (39:31):
Travel now we have to build a number into that budget.
For TRAVEL am i gonna want to buy a new?
Vehicle soon and not want to have to have?
Speaker 6 (39:41):
A Car note i'm gonna want to buy.
Speaker 2 (39:43):
A vehicle you've got to start thinking about those and
we can actually build out different scenarios where we put
those things inside of your plan so that we can
see what the long term. Effect is you can think
about how many business owners are out there listeners to.
US today i hope, a lot because when you think,
about retirement think about building. Your business when you're building,
your business you build it with the end goal. In
(40:07):
MIND like i think about Where Does Pressley wealth management
need to be in another, ten years and everything we
do here is driven by where we need to be in.
Ten years so when you're close, to retirement you need
to think. That way even if you're not a, business
owner think about how do you want to live, in
retirement and then start putting the numbers.
Speaker 4 (40:27):
To it two two five five to two three sixty
three eighty nine is the number to Chat, With christy
matt and the Team Of Presley. WEALTH management i think
it's one of the more important. Phone calls you get
mad because we were talking about the next twenty thirty
plus years of. Your life two two five five two
three sixty three. Eighty nine of course you can text
the word visit to that number. As well two two
five five to two three sixty three. Eighty nine, all,
(40:48):
right now let's do.
Speaker 1 (40:49):
Some, Fun. QUESTIONS christy i, don't know.
Speaker 4 (40:51):
We know matt was A big dj radio personality in
the area back in the day before we became a,
you know a. Financial. Wizard christy what is the best
concert you've ever? Been to are you a?
Speaker 2 (41:03):
CONCERT goer i absolutely love going, to CONCERTS and i
GOTTA say I Think morgan wallan is the Best concert
i've ever. Been TO but i am going To See
rod stewart in, another month so. Oh nice i've seen him.
SEVERAL times i like, him TOO but I Think.
Speaker 4 (41:17):
Morgan, WALLAN okay I Like rod stewart because's my high
school days right There With.
Speaker 1 (41:21):
Rod Stewart mad what, About You Elton? John ROCKETMAN and
i CAN'T believe i forgot.
Speaker 6 (41:26):
ABOUT him i saw, Him Twice Elton.
Speaker 1 (41:28):
John rocketman did you guys make It To taylor? Swift era.
Speaker 4 (41:31):
I'll, pass yeah it would have been phenomenal two hours
of just three three.
Speaker 1 (41:36):
Hours pass. HARD pass i don't know why it'd be a.
Hard pass it's a, phenomenal show is what. They, say,
yeah okay, all right.
Speaker 4 (41:42):
All, right matt this is. For you if you had a,
time machine what era would? You visit would it be past?
Speaker 1 (41:50):
Or future it would be only for, one day But
The middle ages like ten sixty six, one day but
only one day because there's no clean bathrooms in, that
era just. One day see how, It.
Speaker 2 (42:04):
LOOKED christy i THINK would i would revisit probably around
like nineteen, seventy five JUST because i have such good
memories of my, younger CHILDHOOD so i would probably want
to go.
Speaker 6 (42:21):
Back there i'd be able to see my mom.
Speaker 1 (42:23):
And dad, All right so what's your favorite? Childhood.
Speaker 2 (42:25):
Memory christy my favorite childhood memories when my dad used
to always buy my mom something really Nice. For christmas
but this one year she wanted, diamond earrings so and
my dad had a sense, of humor so he hid
the diamond earrings Won the christmas tree as like, an
ornament and he wrapped up in an, empty box and
(42:47):
he gave her clues like a scavenger hunt to where
she Had to she had to go through like ten
different things before it led her To the christmas tree
to find the.
Speaker 6 (42:57):
Diamond.
Speaker 2 (42:57):
Earrings NICE and i think that was actually jennifer favorite,
member too when when we were talking a couple of
years before she, passed away that was that was actually
one of her favorite memories.
Speaker 1 (43:07):
As well, Your, sister, yeah, Yeah. Yeah matt do you
Have one christmas nineteen, seventy one the grippity grabber? Racetrack
thing just Google it mark you can.
Speaker 6 (43:19):
Remember. THAT sea i was, saying, three.
Speaker 1 (43:21):
No, SHUT up i was five. OR six i don't
bottom LINE is i remember IT because i had asked
my parents for it and, they, said oh we can't,
afford that but then my grandma got it. For me
the grippity grabber is, a great, great toy like astronaut toy. Or, something,
yeah okay, all right here's an. INTERESTING one i think
you think.
Speaker 4 (43:41):
About it we have more and more people that are
going you, KNOW what i can't really afford to Live
In AMERICA when, I retire i'm going to go to some.
Other country if you could live anywhere in, the world
where would.
Speaker 2 (43:50):
It be i'd have to think, about that but my
first reaction would lead me to probably Somewhere, in.
Speaker 1 (43:58):
Italy either tuscany In central italy or Either, northern portugal two.
Amazing places both of, them, are yeah. AMAZING places, i
mean if you just, said here money's, no object go.
DROP down, I mean i know there's gonna be grand
kids in. My future you've got, Grandkids Now so i'm
NOT saying i would just. Do that but in terms
(44:19):
of just where is a beautiful place that's not it's, a,
dead gum hot. And humid yeah that, SOUNDS good. I.
Think o why. He's awesome i've been there. SEVERAL times i. Like,
her yeah. It's extsive what.
Speaker 4 (44:29):
Doesn't matter money's not, a factor, that's right? Do, it, yeah,
okay absolutely. All right, final one and THIS one i
think is important because it's kind of what you ask. Your,
clients christie, you know what's your perfect day? In retirement
what's it going to be when you're trying to get
a feel for them and their hopes?
Speaker 1 (44:46):
And dreams what is your?
Speaker 2 (44:47):
Perfect weekend my perfect weekend is going to, include, church family.
Speaker 4 (44:56):
And.
Speaker 1 (44:56):
Good, food matt what? About you perfect week just you
know with my wife and kids. Is awesome some very
good wine would, be good and A nice italian dish
would be.
Speaker 4 (45:06):
Marvelous, too Hey remind christy how people get a hold
of you and the team if they got questions about
where they are on that road. To, RETIREMENT man I
think i. CAN retire i think we've, Got enough but
they don't. Really know why not get?
Speaker 2 (45:16):
Some, answers well you CAN call chew two five five
two three six three, eight nine or you can text
the word visit SAME number chwo two five five two
three six three. Eight, nine AGAIN that's chwo two five
five two three six three.
Speaker 3 (45:37):
Eight Nine Presley wealth management has a strategic partnership with
tax professionals and attorneys who can provide tax and or.
Speaker 5 (45:45):
Legal advice 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 offers products
and SERVICES Through Ae WEALTH, management llcawm a registered. INVESTMENT
advisor awm does not offer. Insurance products the insurance products
(46:09):
offered By The pressley group are not subject to investment.
ADVISOR requirements awm And The presley group are not. Affiliated
companies investing, involves risk including the potential 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.
(46:31):
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 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
(46:53):
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
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