Episode Transcript
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Speaker 1 (00:00):
Securities offered through Osaic Wealth Inc. Member FENRA SIPC, Investment
advisory services offered through Osaic Wealth Advisors, Inc. And sec
registered investment advisor. Madison Wealth Managers and Osaic Wealth are
separate and unrelated companies. Information provided is for illustrative purposes
only and does not constitute investment, tax or legal advice.
Information has been obtained from sources deemed reliable, but its
(00:20):
accuracy and completeness are not guaranteed. Neither Osaic Wealth nor
Madisone Wealth Managers accept any liability for the use of
the information discussed. Consult with a qualified financial, legal, or
tax professional before taking any action. Any opinions expressed in
this form are not the opinion or view of Osaic
Wealth Services Inc. Or Osaic Advisors. Information in this illustration
has been obtained from sources believed to be reliable and
(00:40):
are subject to change without notification. The information presented is
provided for informational purposes only and not to be construed
as a recommendation or solicitation. Investors must make their own
determination as to the appropriateness of an investment or strategy
based on their specific investment objectives, financial status and risk tolerance.
Past performance is not an indication of future results. In
investments involve risk and the possible loss of principle.
Speaker 2 (01:05):
You are about to experience the Planning for Prosperity Show
three two.
Speaker 3 (01:11):
Wait wait, how come on?
Speaker 4 (01:20):
Happy weekend? Everyone? I want to be with you everywhere.
Speaker 3 (01:27):
I'm so embarrassed.
Speaker 4 (01:30):
This is your group? Lot of it today, Michael, Well.
Speaker 3 (01:33):
I don't know if they're my group.
Speaker 4 (01:36):
Oh, I would say there would be your five, knowing
all every sing song is a legend, but okay, I
would say there when they are on, when mister producer
plays their song for all of us. Planning for Prosperity
Radio Hour, Welcome aboard the cruise ship.
Speaker 3 (01:52):
Everyone, you want to stay warm?
Speaker 4 (01:55):
Well, it's not just about that. We know what you
are not burning. You are not burning your d D
version two point ohs because they are flame retardant, right,
bulletproof bullet We know.
Speaker 3 (02:07):
You're not put them in a time capsule, dig them.
Speaker 4 (02:11):
But we do have to say thank you guys. You
guys have really, I mean absolutely burning burning up the internet.
Which is the new way to do this. Okay, Www
dot Madison m A d I s O N managers
with an s dot com so www dot Madison Managers
(02:33):
dot com. You guys have been great. You use the
text boxes. There's a million of them to choose from,
quite literally, and just let us know you want do
d version two point zero. I always suggest you get
two in or more copies. It's and and everyone. It
is all free. We ship it out for free because
(02:55):
this you don't want this email. It's tactile, it's meant
to be tactile. It's professionally bound, it is gloss terrific,
it is everything that you wanted to be. And Mike,
we've gotten so many compliments, I will call them compliments
in the last I'll say month, last last several weeks specifically,
where we've discussed on these errs, where I now believe
(03:18):
that the white paper what to Do when a loved
one dies is the most important white paper within the
DoD version two point oh. That's my opinion, my opinion only,
And a lot of people are coming around to that, Mike,
A lot of people are coming around and saying, geez,
we actually might have overlooked us well.
Speaker 3 (03:36):
Because you don't think of it until you're in the moment.
You just don't go, You just don't there, you go
now I owe you an apology. Ooh, I your Christmas
gifts came late, and I have two for you today.
Speaker 4 (03:52):
I can't wait for this one letter.
Speaker 5 (03:55):
Here is the first, Oh my gosh, from one of
our are favorites everyone, This is the first that I'm
seeing this from none other.
Speaker 4 (04:07):
And again, we can have favorites, favorites, favorites. Everybody has them.
One of our favorite A rated insurance providers, none other
than nation Wide. It's here, guys, the two twenty five
tax Planning Quick Reference Guide. Oh, this is exactly what
(04:27):
you want, Mike. This is one page, front back. This
is exactly what you want.
Speaker 3 (04:31):
Right, And a couple things stood out to me, What
do you got? Everybody wants to know what's the federal
income tax rates? If I'm single, married, viling jointly head
of household bubba. And that's great. But since a lot
of our clients, Madison, a lot of our listeners have
taken the step to put their estate planning documents in place,
(04:53):
there have been a lot of trust developed when needed. Yes,
now there are different types of trust. I'm just going
to talk about the irrevocable ones. Some law firms call them.
Your medicaid trust blah blah blah. In the Tax Planning Guide,
if you have a trust, you need to be very,
very aware how quickly the tax rates escalate with minimal
(05:18):
amounts of dividends or interest that are withheld in the trust.
And this is what's going to make everyone sick. Fifteen thousand,
six hundred and fifty one dollars DAN fifteen thousand, six
fifty one. If you have more dividends or interest retaining
the trust, you get to kiss the thirty seven percent
tax rate. But then you have to read the fine
(05:39):
print because you also are then subject to the Investment
Income Medicare penalty tax box of another three point eight
you're almost forty one percent. Guys, we've talked about this
for weeks. In addition to the DoD, we talked about
the Taxation Guide to withdrawal and income sources, the white paper.
(06:02):
Now going along with the twenty twenty five Tax Planning Guide,
there are some nuggets in here that some are not
going to pertain to you. But we have to be
more cognizant of our tax status than ever going forward
one hundred percent.
Speaker 4 (06:17):
And I think my here's the key is that again, guys,
this is so clean in terms of the document. Okay
again two thousand, I'm literally reading the headline. I just
saw this right now with you. Twenty five Tax Planning
quick quick Reference Guide from our friends.
Speaker 3 (06:37):
In edition wise, no one needs a fifty page now,
No one needs it now here. Here's another portion that
many will want to read is at what levels of
social security combined income? Where do I get these different penalties? Now?
Many people retired early a few years ago, Dan call
(06:57):
it sixty two sixty three. Sure, because of not so
great economy, not so great tax background, inflation out of control.
People had to go back to work. You have to realize,
if you're taking your social Security benefits, you go back
to work before your full retirement age, you can only
make a few thousand bucks a month, or you start
(07:17):
losing your social Security benefits. If anyone isn't in that spot,
you gotta get this.
Speaker 4 (07:23):
You'll learn it right now. Yep, right, exactly right. So
let's keep this really simple. Guys again DoD version two
point zero, Grab your copies again freebies brand new. This
is apparently one of my holiday Christmas gifts. Twenty twenty
five Tax Planning Quick Reference Guide from our friends at Nationwide,
and I dare say very few do it better. In
(07:47):
my opinion, I'm allowed to it now.
Speaker 3 (07:48):
In years past, and I'm sure it's gonna happen again.
Alion's provided this too. Yeah, but to Nationwide's credit, they
beat them to the punch and they're the first ones out.
Speaker 4 (07:58):
Yeah. I've got a fondness for them too. Yeah, absolutely absolutely.
Speaker 3 (08:02):
And again the reason we like these there are many
out there because they mirror our sentiment and what we
do in our white papers and what we do in
the d D. No boloney, bullet points, bullet points, boots
on the ground, as you like to say, straight to
the point.
Speaker 4 (08:17):
And bullet points. And guys and those of you who
do have investments in and not a solicitation to buy
seller hold in a world where service is abysmal at best.
At best it's missing, at miss missing great great great
descriptor Mike missing. Nationwide actually provide service.
Speaker 3 (08:40):
They do a great job.
Speaker 4 (08:42):
One of the field.
Speaker 3 (08:44):
The bar is so low these days in every service,
any industry.
Speaker 4 (08:48):
Absolutely, in sy talk of financial service.
Speaker 3 (08:52):
I get an email that it's time to have my
annual service for the generator at my house. HM. So
I sent him an email let me know when. Yeah,
within minutes I get an email back here the dates available.
I was shocked that someone actually responded and tried to
provide some course of action to get something done. I
was shocked because it just doesn't exist to me.
Speaker 4 (09:14):
No, now, it really doesn't, Mike, and it's sad. And
that's why we like to point out those, especially in
an industry where we can help guide towards some of
these providers that actually do provide service right that we value.
Speaker 3 (09:27):
We look, it's an important com we like.
Speaker 4 (09:29):
To point them out. So again, guys, big shout out
to all of you. Thank you, thank you so much.
I had some inquiries as to my voice last week
to Michael.
Speaker 3 (09:39):
Well, I think we made it clearly you were under
the weather.
Speaker 1 (09:41):
Yeah.
Speaker 3 (09:42):
Well but once but once again you showed up.
Speaker 4 (09:44):
We play did the job hurt And that is the
That is the bottom line, guys. As we always say,
a couple of things going to break. It's a nice
time to remind you. If nothing else, respect our repetitions.
We are always always here for for you. Sick weather, doesn't.
Speaker 3 (09:58):
Holiday, I'm already doesn't doesn't matter, guys.
Speaker 4 (10:02):
But in the meantime, you've done such a great job.
We are a please and thank you shop. So if
you want to return to that era where you here,
please you hear, thank you. Here's someone answer us at Madison.
Guys during the break, grab your DoD version two point
zero okay and and and brand new. Michael, Thank you.
Merry Christmas to me everyone. Twenty twenty five Tax planning
(10:26):
quick reference guide from the folks at Nationwide. Grab it, guys.
We can zap that one right over to you. Best
way to do it, we think, is www dot Madison
Managers with an ass dot com. Go to the tax box.
Let us know. We'll get it all out to you.
We'll see you right back.
Speaker 2 (10:45):
You are about to experience the Planning for Prosperity show
A three two Here.
Speaker 4 (10:59):
Oh great song? Who is it though, mister producer Daniel
polanskame Miss Mica Oh Brown close? Pretty good Thompson twins,
pretty good, good job Michael Brown. Happy weekend everyone. For
those of you who missed the first segment, this is
(11:20):
the kid www dot Madison, m A D I S
O N Managers m A N A g E r
s dot com. You're gonna use the textbox in there
are multiple textboxes d O D two point zero again
you know where. Please and thank you shop. Thank you.
(11:41):
You've all done a marvelous job grabbing your DoD two
point ohs. Continue to do. So. Here is the thing
my Christmas gift came. Michael got me a Christmas gift
from one of my personal favorite providers. I'm allowed to
have favorite providers. This comes from Nationwide. Twoenty twenty five
Tax Planning Quick Reference Guide is now all yours. It
(12:02):
is absolutely all yours. Just let us know. We will
zap it over to you. We can send it hard
copy whatever you would like. I would pair this if
you don't have DoD version two point zero, let's pair
it with that. We'll get it right out in the
mail to you, free of charge to you. None of
that nonsense about eight dollars shipping and handling, none of that.
(12:22):
If you live down the street, we'll mail it out
to you. So with that said, guys, it is a
happy holiday season to all again. Twenty twenty five Tax
Planning Quick Reference Guide again from one of my favorite
service providers at Nationwide. It is available to you, and we.
Speaker 3 (12:39):
Talk about taxes from an investment standpoint. Dan and depending
on your income, your capital gains rate's gonna change. There's
three different brackets for just capital gains rates. What are
your deductions and credit limits? Whether you're married, single, head
of household and a lot of people always asking you know,
how much can I put in an IRA? When do
(13:00):
I get phased out of being able to make make
a wroth contribution? All in that twenty five tax guide?
All right, so that was just your stocking stuffer.
Speaker 4 (13:08):
Can I give you stuff for here real quick? Yes?
Or did you want to run with something?
Speaker 3 (13:12):
No?
Speaker 4 (13:12):
Because I'm going to give you someone who try this
out as we get this, we get this off, and hey,
I like your approach. This is different, this is something.
This sounds like. It makes a lot of sense to me.
I want to start with a contribution right after tax contribution,
here's what I got. Let's talk about what would be
a diversifier, What would add what would add diversification in
(13:34):
my portfolio? What do you think is best fed? A
lot of times, especially recently, that's been what we call
Pillar three, which now has version two point zero. Version
two point zero, very simply put, allows you to and
this is not Mike and I. This is the data.
Is the data. It allows you to pick from amongst
(13:57):
the highest rated funds. One is a massive hedge fund,
massive massive, one of the biggest in the world depending
on the minute. You could put one hundred percent of
your capital in that fund if you so choose, and
you can change your investments all the time, just like
you would with any other investment portfolio. Right, Mike. However,
(14:19):
the key is this, at the end of the investment term,
you are now guaranteed by the A rated insure that
allows us to do this. You are now guaranteed to
not lose one nickel of your initial principle. Yes, you
heard that here, right, You cannot lose one nickel, not
one penny. Okay, because if the world goes against us,
(14:41):
money is repatriated back into your account. So damn question,
and let me just get the end. Yes, yes, and
if things go well as we all hope for, you
keep every penny of the upside.
Speaker 3 (14:53):
I had a great question about PILLO three version two
point zero. A stup person says, Mike, Okay, I get it.
I don't want to be using proprietary investments of the
company that's ensuring my principle. I said me either, great, no, no, right,
we don't have to do that. We don't have to, like,
(15:15):
here's here's your menu, your list, you know, every single
investment manager, you're not being sold proprietary stuff because I
think it just gives me at least a bad taste
in my mouth.
Speaker 4 (15:26):
But here, Mike, here's where I was going with that punchline,
in that they saw the returns last year right over
this past year, twenty twenty four, and it was a
very nice, very very nice year for this particular for
this particular gentleman. Very nice year. Right. He tried us
out pillar three two point out, very nice year. He said, Dan,
(15:47):
when can I expect to receive the ten ninety nine?
Speaker 3 (15:52):
Now that was his Christmas present?
Speaker 4 (15:54):
The answer when, Mike, when can he expect to receive
the ten ninety nine?
Speaker 3 (15:57):
When he chooses?
Speaker 4 (15:58):
Say that again? Place so we can here.
Speaker 3 (16:00):
It can be never, It can be absolutely an indefinite
amount of time.
Speaker 4 (16:05):
Absolutely correct.
Speaker 3 (16:06):
It could be next.
Speaker 4 (16:06):
Week, Mike. Let's just assume it.
Speaker 3 (16:09):
Maybe, but it's your choice, your control, absolutely right.
Speaker 4 (16:11):
This is a middle aged younger man. Let's say again
the term, let's say he goes through this investment term
looks great, right, wants to re up to your point, Mike,
let's say he wants to re up, assuming it's still available,
same iteration, reup at the end of the term fabulous.
Let's say then, because this gentleman, let's say this gentleman, actually,
you know what he did, Mike. He took advantage of
(16:34):
when we talked about the guaranteed withdrawal rates for life
being at the highest level, and literally twenty year is
twenty years, right, So he opened an account. So, Mike,
guess what he's gonna be able to do. You know
where this is going.
Speaker 3 (16:47):
I bet he's going to be able to add to
it someday. Yes, at today's over abundant rates.
Speaker 4 (16:54):
Yes, and you know it, he's gonna say, Mike, hopefully,
thank you.
Speaker 3 (17:01):
No one's gonna know how good it is until it's gone.
Speaker 4 (17:05):
Well, taine happening anywhere else. Let's let's just make it.
Let's let's make this totally clear. Guys, this tain't happening
anywhere else. Okay, So what what you hear? What you
hear at Madison again, we understand that there are some
copycats coming online, et cetera, et cetera. We get that,
we understand that now some of these super large purveyors
of what used to be mutual fund products and or
(17:27):
exchange traded fund products. We understand that they now feel
they have to get in. They they have to get
into the protected benefit game. Otherwise that they're gonna be
a dinosaur. You know, whether whether that's two years from now,
twenty years, shit, no one knows the rate of change, right.
But guys, we've been talking about this. We brought you
this first in this area. We did it. We did it, okay,
(17:47):
So point is, point is, we've got these strategies. It's
been a very soggy It was a very soggy December,
like we talked about right when we talk about markets again,
not a solicitation by a seller. Hold it so very
soggy December. We is off to a pretty soggy start
to January. We's off to a pretty soggy start.
Speaker 3 (18:08):
Guys.
Speaker 4 (18:09):
I'm just saying, if you got to pull the cash,
you want to give it a shot, let us show you.
We'll educate your pillar three, pillar two, whatever you would
like to learn to take advantage of a market pullback.
Speaker 3 (18:21):
So, and we like to talk in plain terms. Oh,
we believe there's elegance and simplicity here. So Dan I'm
going to read you a couple of quotes, but I'm
not going to reveal its source yet. Okay, we this
is an investment firm. In their new piece. We believe
(18:41):
equities are now in the tenth decile, equity risk premium
is in the ninth death sile, but we see no
evidence a mean reversion in equity valuations. Hence exhibit A.
You think I'm kidding, but I'm gonna show it to
you in a minute. This is an exhibit. Share of
(19:03):
working age population with completed tertiary education is not a
signal for concentration effectiveness. I don't know what that means,
but this is in a recently published guide. I'm going
to give you one more. I guess this is important
to your investments. The number of tridactic patent families registered
(19:29):
between the euro US and Japan patent offices. This is
in a twenty twenty five stock market investment Outlook. I'm
not making this stuff up now, Dad, I'm gonna show
it to you.
Speaker 4 (19:42):
Oh is that my other gift?
Speaker 3 (19:43):
That's this is your other gift?
Speaker 4 (19:46):
Wait, hurry plus page. You all know the binder clips.
You all know the binder clips without exaggeration. Michael has
Michael has used the large that's the largest minder clip
you can use. I know that as fact.
Speaker 3 (20:06):
It's basically meant to hold steel girders together. This is
one hundred plus pages of insanity. And this is produced
by one of the largest investment firms on the planet.
And they think their clients want to read this crazy
question have so many more.
Speaker 4 (20:24):
Let me take a step back, because I know you've
at least looked through this as you always do. Let
me ask, is there at least a recommendation in here? Yes?
Speaker 3 (20:32):
There is. Do you want to hear it now?
Speaker 4 (20:34):
Oh, I'd love to hear.
Speaker 3 (20:38):
After one, After one hundred plus pages, they recommend reducing
international public stocks to US private assets. And this company
just so happens to have a private asset management fund. Wow,
(20:58):
wait a minute. Take the money that we don't get
fees on, bring it here into this magical thing we
call private assets that we do charge fees.
Speaker 4 (21:07):
This is so transparent and the best part is Mike,
and the best part is it's again it's a no
lose for this particular firm because it's in it. They're
pulling from an area that again hasn't worked, right, A
disaster hasn't hasn't worked, which is.
Speaker 3 (21:22):
Probably Oh, we gotta go to break, guys, all wait,
I have more.
Speaker 4 (21:25):
Oh we're back, right when we're back, guys www dot
Madison Managers dot Com. Use the break, guys. I think
it's the best time again. Brand new. We've got the
twenty twenty five tax Planning quick key is quick reference
guide from our friends, a nationwide d O D two
point zero. Let's put it all together in a package
for you. Let's send it out again. It's all free
(21:46):
to choose one of those textboxes. Let us know how
many copies and how we get them? Do you? We'll
see right back that like date Mike, you are about.
Speaker 2 (21:57):
To experience with the planning for prosperity shows three two.
Speaker 4 (22:07):
Music Jimmy Davis, Kim is he right? Jim something saying?
Daniel Plants and Michael Brown Madison Will Manatures, Oh you're right,
Jim Carnes carns Okay, she.
Speaker 3 (22:28):
Was kind of a one hit one. I would have
but everybody knows it.
Speaker 4 (22:30):
Softy, I know, but I would have never thought this
was the one hit wonder. That's very interesting, Yeah, mister producer,
Welcome aboard welcome over the cruise.
Speaker 3 (22:43):
He's doing good.
Speaker 4 (22:44):
I was going to say after last week's I've had
a lot of discussions internally regarding the musical interludes and
what I believe to be I don't know, maybe just
taking a little bit easy on the musical and.
Speaker 3 (23:01):
Maybe we don't pick the soundtrack during happy hour.
Speaker 4 (23:03):
Maybe right or at four am once one that's just
waking up, or you know whatever, whatever it happened to me.
Guys again brand new if you missed early on. I
got a Christmas present from Michael, and I'm so glad
I'm seeing it for the first time here right with
all of us. It is the twenty twenty five tax planning.
(23:26):
Here's the key, guys, quick reference. Guy. It's from our
friends at Nationwide. And I don't mind mentioning Nationwide because,
simply put, and we're allowed to have opinions. In my opinion,
they are an exceptional provider of service in an era
where there is no service.
Speaker 3 (23:42):
And may you happen to be in the driver's seat
right now, absolutely now that that could change tomorrow, absolutely correct.
Speaker 4 (23:48):
There the driver's seat now. Point is, guys, grab this,
Grab this along with your d D two point ohs okay,
they go beautifully together. This is this would be a
beautiful Stop fucking Michael or whatever, anything under the tree
or place, Matt. You know we always talk about DoD cocktail. Beautiful,
how beautiful, very very large cocktail. If you were sitting down,
(24:10):
there's three at the table, two at the table, whatever
it is, even even you're serving yourself.
Speaker 3 (24:14):
At the table right under your napkin. Absolutely correct, guys
under the salad fork.
Speaker 4 (24:20):
Absolutely correct. So let's grab both. Let's grab your d
D two point zero. Let's grab your twenty twenty five
tax Planning Quick Reference guad. This was even warm when
you handed it to me, Michael. Let's grab that from nationwide.
They're both again that that's special, Mic, that's a special gift.
Www dot m A D I S O N M
(24:41):
A m A g E r s dot com. Use
one of the tax boxing let us know how many
copies we're gonna pair these together, or if you don't listen,
if you just want to one off, let us let
us know which one.
Speaker 3 (24:54):
And I think I brewery, miss if I don't mind, everybody,
as we're gonna be coming into tax season in the
blink of an eye, going to start getting their awful
ten ninety nines, especially for these awful broken bond funds
that lose money, but you still pay tax on what
is going to go well, I use the wine analogy.
What we're going to pair with this is the taxation
(25:16):
guide to income sources. If you are getting ordinary dividends
and interest income, it's not just the tax you o
on that that is added to your federal tax numbers,
your state tax numbers, the potential net investment income penalty
box three point eight percent tax. We've got to become
(25:37):
much more efficient with the taxation of our savings.
Speaker 5 (25:41):
Here.
Speaker 3 (25:41):
This is the easy, low hanging slippage that we need
to eliminate totally.
Speaker 4 (25:47):
Here's where we're going to go with this, my company,
I'm going to throw something out there. I'm going to
I'm going to throw a question at you. In a
world where somehow and it's just again, these firms have
just swaths of salespeople swaths. I mean these are swaths
and swaths and swaths of sales, and most.
Speaker 3 (26:07):
Are very poor.
Speaker 4 (26:08):
And but here's the point. In a world where the
blueberry portfolio is owned and enjoyed by so many of
us without us even knowing exactly. Let me ask a question, Michael,
Let me ask this, what if what if, in the
(26:29):
spirit of the blueberry portfolio, as you always say, the
one percent that goes to the magenta right, one percent
of the blueberry portfolio goes to them?
Speaker 3 (26:37):
Would that be the intergalactic small cap section?
Speaker 4 (26:41):
Absolutely?
Speaker 3 (26:41):
Okay?
Speaker 4 (26:42):
What if I actually talked about what we call true diversification,
real diversification. What if I had some maccess savings and
or one of these bond funds, but it just doesn't
do it for me anymore? Michael, could you describe to
May right now why I would not why I would
not take a portion of those dollars? Right, come on
(27:05):
over to Madison, have a chit chat, get educated up,
and maybe, just maybe I want a little hedge fund
exposure in my pillar three. Right. And oh, by the way,
I went full principal protection on that, which you get. Okay,
And oh, by the way, if I'm a winner, winner,
win or winner, I keep every penny. And oh, by
the way, also, Mike, if it's after tax money, I
(27:25):
get full tax deferral. No. Ten ninety nine's no anything.
Could you explain to me why I wouldn't do that?
Speaker 3 (27:31):
And I'm not making I know, I'm being serious. Yeah,
is the path of least resistance not to make a change.
It's easier to do nothing, even though it's a vast improvement.
And what strikes me Dan is obviously we talk to
people all day about money, right their life savings. It's
(27:51):
a very personal matter. Many people don't like to talk
about it. They don't talk to family members.
Speaker 4 (27:58):
Oh, if it's that.
Speaker 3 (28:00):
Important, why are we so careless with the money? So true,
that's what I want to know. So wait, I have
a third gift for you. Wow, but this is just audio.
Speaker 4 (28:12):
Oh.
Speaker 3 (28:13):
I had one of these fancy schmancy money managers call
me because they want us to put all the Madison
clients in their their their super duper portfolio. And I
had a list of very simple questions. I couldn't get
any answers. Okay, but my number one question is what
(28:33):
are the protection protocols for my client's money? Okay? When
do you put pump the brakes? When do you make changes?
He said, it really depends on our outlook. I said, no,
that's not what I asked. What do you do and
when do you do it? He goes, well, we have
raised serious amounts of cash in days gone by. I go, great,
(28:54):
tell me what day it was? The year two thousand,
I said, to the fact, I said what And I said, well,
what did you do in two thousand and eight? We
wrote it out? Because the market always comes back. What
did you do in twenty twenty two? It didn't change
our forecast. We didn't do anything. What we did was
and this is where my blood pressure went up. Do in?
(29:16):
He goes, we changed our sector? Waitings, will you put
this this now? I'm having a heart attack.
Speaker 4 (29:23):
This gentleman and or this gentleman in our gal was
and they were in a very very very bad spot
with you.
Speaker 3 (29:29):
Now they own individual securities, so they showed me the
portfolio as they should. Fabulous. Why would I have ninety
different stocks, Daniel, when fifty of them are less than
one percent value in the portfolio? I said, why why
(29:50):
are you doing this? And I said, specific stocks. I
don't understand. These are deminimous positions. They mean nothing. He goes, well,
that's that's our diversifier. That's not a diversifier. Could my man,
this might be a good conversation if you were trying
to sell this to my mother, right but you're trying
to have us sell it to our our friends and
(30:12):
family who and trust their savings to me. I said,
no hard feelings, but please don't call me ever ever again.
Speaker 4 (30:18):
You know what else, there's so much bad product out there, guys.
And I think this has a lot to do with
the fact that a lot of these houses, if you will,
they're not willing to admit on these errors. What we
are in that The reality is, if you want to
(30:40):
look at overall averages, right, the overall averages, they haven't
done much in a while, right, if you go back
to the Midsummer highs, haven't done much, right, not much
at all, Okay, And what they're doing now is they're struggling, right,
they're struggling to come up with different ideas up ar tunatees,
(31:03):
if you will, that sort of thing, because they have
nothing to talk about.
Speaker 3 (31:07):
Mike, Wait, wait, wait, Dan, But if I put point
zero eighty five percent of your savings in the euro dollar,
I'm getting real diversification, right, point zero eight five percent,
So of a dollar eighty five cents are in these
(31:28):
esoteric things. That's not diversification, people, It doesn't mean anything.
It doesn't move the needle diversification is diversifying the risk
of losing your money.
Speaker 4 (31:38):
I think there's one. Listen, guys, when we talk, when
we talk here at Madison about the verse five. So
we're lucky we have pillar five. Right, We're lucky we
have pillar five.
Speaker 3 (31:48):
We have it at least for two and a half
more months.
Speaker 4 (31:50):
Yes, we're lucky we have it where it still makes sense.
Point being, point being that we could make a very
strong argument that right that Mike in at least two
of the pillars, right, at least two of the pillars, right,
two of our four maybe five pillars. You're accruing additional
(32:14):
benefits in an upward fashion.
Speaker 3 (32:17):
Even if the market does nothing correct, which has been
doing a.
Speaker 4 (32:20):
Lot of introg goes down. Intro goes down. So so
that's the point, guys, when we can talk about true
what we call true diversification, we're allowed to have opinions,
not a solicit as you buyseller hold you guys get
this because what we do first, as you all know,
when you come in the office heat or talk to
(32:40):
us over the phone, we educate. It's education first. No
one's selling, no one selling squantum. Okay, let's make that
very clear we are. We are not the gentleman that
called Mike to discuss whatever nonsense canaple. We're gonna educate
first and then you're gonna make an educated decision. Okay.
What we are, however, we're trying to build our business. Obviously,
(33:04):
we like to grow, grow, grow, grow, grow, just like
everybody else. And the thing is, we think we have
something that can help you build us what we call
a sustainable competitive advantage Visa VI. Your neighbor who may
be investing right with the person that called Mike.
Speaker 3 (33:25):
I want to compete Visa VI with not losing my money.
That's what I care about.
Speaker 4 (33:29):
That's what we see.
Speaker 3 (33:30):
If my neighbor makes nine percent and I only made eight,
God bless them, but I'm never gonna be down twenty
at Mike.
Speaker 4 (33:36):
Well done Www. Dot Madison Managers dot com. Guys, Whilst
we're thinking about it, let's go right now again. Brand
new twenty twenty five Tax Planning Quick Reference Guide from
Nationwide d D two point zero will put them both
together for you, will ship them out. They're free. If
you just like the Tax Planning Quick Reference Guide, we'll
(33:57):
zap it right out. You just gotta let us know again,
Madison Managers dot com use one of the textboxes let
us know right now. I think that's the best way.
We'll see right back.
Speaker 2 (34:09):
You are about to experience the Planning for Prosperity Show
three two here.
Speaker 4 (34:22):
How did you know this? Michael?
Speaker 3 (34:25):
The theme is take a chance on uson Madison? Right?
Speaker 4 (34:29):
Is that the theme?
Speaker 3 (34:30):
Or stop taking chances with your mind?
Speaker 4 (34:32):
Right?
Speaker 3 (34:33):
I like that one better?
Speaker 4 (34:35):
Wow? Really good? Michael learned Michael learned the theme when
I learned the theme in the ball and Michael actually said,
this best be the song because this is my one
of Michael's. Again, what if you're five? Or if the
theme could have very easily been this is a sweetish
super five of your favorite groups songs, Broadway plays, it
could have movies, It could have been.
Speaker 3 (34:58):
All the triumviria of great all of the above.
Speaker 4 (35:02):
Everyone, Happy weekend, Welcome to Planning for a Prosperity Radio.
Are we got all kinds of gifts this week? Guys?
First things first, I'm gonna let you get your penhandy
or your ipatty or whatever you happen to have your
tabloid www dot Madison M A D I S O. N.
Man Nu jurors. So it's m A N A G
(35:23):
E R s all one word Madisonmanagers dot com. Let's
use the textbox. Let us know because we have a
brand new gift. We have the twenty twenty five Tax
Planning Quick emphasis On Quick Reference Guide from our friends
a nationwide. Michael just unveiled this. He gave me my gift.
This was this was part of my Christmas gift set
(35:44):
that was waiting in the wings, and now I'm ready
to give it to all of you wanted.
Speaker 3 (35:49):
You gotta pass on your good deed absolutely.
Speaker 4 (35:51):
So point us this guys, thank you again. You know
where please and thank you shop. We'd like to separate
with that first and foremost. Okay, if nothing else, d
you two point zero you've requested in droves. We love it.
We have planning available. Request your copies. We'll ship them
out now that we have the twenty twenty five Tax
Planning Quick Reference Guide available, guess what, we'll pair it up,
(36:14):
pair it up for free. Okay, So let's get that
out and let you enjoy them now. Michael has also
given me a lot of material here. I got a
couple more for it today. As he goes to if
you missed the segment earlier. A major major supercenter, Wall
Street Bank has produced their what would you call that
(36:36):
review preview type style.
Speaker 3 (36:37):
It's the twenty twenty five outlook in all.
Speaker 4 (36:42):
Kidding aside, everyone, It is bound together and you can
all envision this. Okay, it is bound together by one
of those supersized I believe there's steel metal. Whatever the
heck they are binder clips. Okay, they're all there, just
for you. Okay.
Speaker 3 (36:58):
This thing's three inches thick and the font I have
to put my glasses on to read it. This is
this is something now Now what it is is not useful?
Speaker 4 (37:06):
Yeah? The right the key is is And this is
a great differentiator, Mike. This is a great teaching point
because there are some on the radio airwaves, some on
the podcast things, some on the internet where this would
actually serve, right, Mike, as some sort of educational tool, right,
(37:29):
this would be this would be the subject of a show.
Speaker 3 (37:32):
Let me give you some of the educational Here's.
Speaker 4 (37:34):
Where I went where I went with this, guys, As
I asked Michael a literally, I asked him a very
pointed question, is there even a recommendation in there? And
the answer was yes, we're going to be moving what
was it, Mike, We're going to be moving.
Speaker 3 (37:50):
The reducing some international stock exposure.
Speaker 4 (37:55):
Public stock, public value. They're separating public from private.
Speaker 3 (37:58):
Into their own domestic private stock.
Speaker 4 (38:03):
That's awesome.
Speaker 3 (38:04):
That's awesome, Okay, And you make that such so there's
no conflict of interest there.
Speaker 4 (38:07):
No, you call your advisor on Monday. Okay, you call
your advisor on Monday, and that that is the switch.
That is the switch that you may now thinking of
that out loud, Mike. Would the private stock fund have
a lock up provision? We talked about that a little
bit in the what.
Speaker 3 (38:22):
Once you get your money invested in these private equity things,
there's no out, No, you never get your money back.
I'm okay with saying I have a five or six
year time frame. Seven year that is a finite amount
of time when I give you my money and you
say I don't know when we'll ever give it back
to you, I'm not crazy.
Speaker 4 (38:43):
And again, guys, we we discussed this as being a
no lose situation for this particular broker, dealer, advisory firm,
whatever you want to call it, because they're basically telling
you take some money insignificant an insignificant amount from an
area that quite supplut hasn't performed for literally decades. And
(39:04):
that's not right or wrong. I mean it may again
made double triple now that they pulled it, probably double triple,
whatever it happens to me. But the point isys it's
in no risk situation. They're basically saying, he tries something,
you have no idea where you're going into.
Speaker 3 (39:16):
Try our black box. Correct, you might like that.
Speaker 4 (39:19):
Correct, this was bad, Let's try the black bos right.
Speaker 3 (39:21):
So Dan, here's another just gem here quote certain US
equities will not repeat current out performance of the last
few years. I can't even say it without laughing. Current
US equities will not repeat current outperformance of the last
few years.
Speaker 4 (39:39):
No way.
Speaker 3 (39:41):
Well does that ever happen before?
Speaker 4 (39:42):
Seven stocks that worked?
Speaker 3 (39:44):
How about this? There's an eighty percent probability of market
losses of ten percent. There's a forty nine percent probability
of a fifteen percent decline. Dan, you can't make this up.
You can't make this up. This is written by by
real this. These are the gems.
Speaker 4 (40:05):
But we agree. But the question points, what do you
do about it? We're telling you what to do about it.
We're fixing.
Speaker 3 (40:12):
I know you're gonna go there.
Speaker 4 (40:13):
Here's what it is we're solving for why.
Speaker 3 (40:15):
You have to remain vigilant for unexpected risks. I'm reading
it whilst at work be vigilant.
Speaker 4 (40:22):
So you're at work and you have to be vigilant.
Speaker 3 (40:25):
You gotta be vigilant, Dan, that's that's, that's what you do.
And how do I do that?
Speaker 4 (40:30):
I don't get it. I don't get it.
Speaker 3 (40:31):
Okay, I like this is to me, boy, this is
this is better than watching a comedy skit.
Speaker 5 (40:39):
Let's talk.
Speaker 4 (40:39):
Let's let's just wait a minute, Let's do real world.
Let's can we play real world, Mike, let's go, let's
go to reality. Okay, and again, guys, I have to
say this. You know this not a solicitation biiciller. Hold okay,
Here's how I could argue rather than that abject silliness
about vigilant and this that The next thing we talked
about a client that gave us a shot with Pillar
(41:00):
three right, brand new Pillar three version two point zero. Okay.
He liked putting his money into one of the largest
hedge funds known demand. Depending on the minute, okay, could
be number one, number two, whatever, irrelevant. It a great track.
Reckerd YadA, YadA, YadA. He went all in on that, okay,
and he knew that at the end of his investment term.
He is full principle protection. You heard that, right, everyone,
(41:21):
meaning can't lose, can't lose, you know what that's called
being vigilant, that's vigilant. No, but here's the point. Here's
the point, and it's a solution. Okay, here's the point, Mike.
Let's play hypothetical had a great year, a year according
to anyone who was a great year for that particular vehicle, right,
the great year. Okay, he was the one that asked.
And again, guys, so if this was after tax money,
(41:42):
he actually asked, He actually asked, when do I get
my ten ninety nine? So again we explained to you know,
reminded him that you don't you don't, okay until you
want to. So let's pretend. Let's play pretend. Let's say
it is a nasty twenty twenty five. Let's say it's
a nasty twenty twenty five, right, and again, let's say
(42:02):
he continues he wants to Dan, I want to stay
with this fund, want to run with it. I understand
I can change. I understand you can give me advice
on that. I just want to run with this. Okay,
s it's a nasty year, right again, best as good
of a team as you're gonna find, right, that's with
the day to show bad year, badiar Frequity's bad here
for the world. Whatever say the let's say the fund retraces,
(42:25):
let's say his investment with traces. Mike, is there anything
can you be more vigilant than having a full guarantee
on your initial principle?
Speaker 3 (42:37):
I can't think of one.
Speaker 4 (42:38):
No, I'm just thinking by definition.
Speaker 3 (42:42):
I don't know. Maybe maybe, well, this big investment firm
could answer that, after they answer why I would care?
What the twelve month US recession probability according to the
Survey of Economics SYSTM. Okay, the Wall Street is a
marketing devil. That's what they are. They are so good
(43:04):
at this. They couch nonsense to corner into what they
want you to invest in.
Speaker 4 (43:11):
I'm gonna say this to Mike. I'm going to I'm
gonna say this. I'm gonna give a lot of credit.
And you guys know we've talked about this forever from
a marketing standpoint, We've talked about this forever. The the
annuity field should change the names of the product. Just
change the names, call them anything, because these taint Daddy's annuity.
Speaker 3 (43:30):
You could call them toxic, call them.
Speaker 4 (43:32):
Whatever you want to call it. I'm gonna say this.
You know where they are making a major shift, Mike,
A major dent in that, I think with respect to
the client approved marketing materials, right that when you guys
ask for more information that we give out to you,
et cetera, et cetera, we sit down and go over these.
I think they are a million times cleaner, a million
(43:55):
times neater than they were five years ago.
Speaker 3 (43:59):
And I think it's a function of so much money
has flowed into investments that have some form of protection.
It's brought more and more of the big bad investment
firms into this.
Speaker 4 (44:14):
Talent, and now they have to compete. But to that point, Mike,
I think it is. I think it's actually done what
we do as service, I really do, rather than rather
than the you know, all of the mathematical talk, all
of that, the hey geez, I've got the picture the
(44:34):
family on the front cover, on the beach, correct on
the sailbow. Let us save for your retirement. And you're like, well,
wait a minute, I'm not you know, I'm not necessarily
seventy eight years old. And I that doesn't look like
my daughter.
Speaker 3 (44:48):
I don't think what's gonna happen in my mind.
Speaker 4 (44:50):
That's the point, Mike, that's the point. These are not
being designed in a lab, which is where they used
to be designed. These are These are actually being designed
by people marketing phone and I think, and again.
Speaker 3 (45:02):
They have a long way to go. Still no, but
I still keep up with this nonsense.
Speaker 4 (45:06):
No, no, no, but Mike, it's like we always say, simplicities, bliss.
I think it is much much cleaner than graphs.
Speaker 3 (45:13):
That's what happens when when the market's good. Here's what
happens when the market's bad. Here's what happenses.
Speaker 4 (45:18):
Let us get you this material, please, Whether it's pillar
two right, guaranteed pension, whatever you want to call it, right,
whether it's pillar three right growth with full principle protection.
Pillar four what we call the buff buff right Mike,
buffer style in.
Speaker 3 (45:35):
Deex where you can move the pieces around the test absolutely.
Speaker 4 (45:38):
Pillar five right, Mike, Pillar five, which is just simply
put this your CD killer, Okay, it's just it's just absolutely.
Speaker 3 (45:45):
Every bond fund you have doesn't stand it.
Speaker 4 (45:47):
Let us start with something nice and easy to consume.
Guys will get it right out best way www. Dot
Madison Managers dot com. Use the textbox let us educate,
let us educate on the pillars. Let us grabbed this
week's prize d Looks, which is the twenty twenty five
tax planning quick reference guide from nationwide dods all available. Guys,
(46:09):
we want to hear from you. Let's get it going
brand new year. Let's get this thing started right. We'll
see you in the office.
Securities offered through Osaic Wealth Inc. Member FENRA SIPC, Investment
advisory services offered through Osaic Wealth Advisors, Inc. And sec
registered investment advisor. Madison Wealth Managers and Osaic Wealth are
separate and unrelated companies. Information provided is for illustrative purposes
only and does not constitute investment, tax or legal advice.
Information has been obtained from sources deemed reliable, but its
(00:20):
accuracy and completeness are not guaranteed. Neither Osaic Wealth nor
Madisone Wealth Managers accept any liability for the use of
the information discussed. Consult with a qualified financial, legal, or
tax professional before taking any action. Any opinions expressed in
this form are not the opinion or view of Osaic
Wealth Services Inc. Or Osaic Advisors. Information in this illustration
has been obtained from sources believed to be reliable and
(00:40):
are subject to change without notification. The information presented is
provided for informational purposes only and not to be construed
as a recommendation or solicitation. Investors must make their own
determination as to the appropriateness of an investment or strategy
based on their specific investment objectives, financial status and risk tolerance.
Past performance is not an indication of future results. In
investments involve risk and the possible loss of principle.
Speaker 2 (01:05):
You are about to experience the Planning for Prosperity Show
three two.
Speaker 3 (01:11):
Wait wait, how come on?
Speaker 4 (01:20):
Happy weekend? Everyone? I want to be with you everywhere.
Speaker 3 (01:27):
I'm so embarrassed.
Speaker 4 (01:30):
This is your group? Lot of it today, Michael, Well.
Speaker 3 (01:33):
I don't know if they're my group.
Speaker 4 (01:36):
Oh, I would say there would be your five, knowing
all every sing song is a legend, but okay, I
would say there when they are on, when mister producer
plays their song for all of us. Planning for Prosperity
Radio Hour, Welcome aboard the cruise ship.
Speaker 3 (01:52):
Everyone, you want to stay warm?
Speaker 4 (01:55):
Well, it's not just about that. We know what you
are not burning. You are not burning your d D
version two point ohs because they are flame retardant, right,
bulletproof bullet We know.
Speaker 3 (02:07):
You're not put them in a time capsule, dig them.
Speaker 4 (02:11):
But we do have to say thank you guys. You
guys have really, I mean absolutely burning burning up the internet.
Which is the new way to do this. Okay, Www
dot Madison m A d I s O N managers
with an s dot com so www dot Madison Managers
(02:33):
dot com. You guys have been great. You use the
text boxes. There's a million of them to choose from,
quite literally, and just let us know you want do
d version two point zero. I always suggest you get
two in or more copies. It's and and everyone. It
is all free. We ship it out for free because
(02:55):
this you don't want this email. It's tactile, it's meant
to be tactile. It's professionally bound, it is gloss terrific,
it is everything that you wanted to be. And Mike,
we've gotten so many compliments, I will call them compliments
in the last I'll say month, last last several weeks specifically,
where we've discussed on these errs, where I now believe
(03:18):
that the white paper what to Do when a loved
one dies is the most important white paper within the
DoD version two point oh. That's my opinion, my opinion only,
And a lot of people are coming around to that, Mike,
A lot of people are coming around and saying, geez,
we actually might have overlooked us well.
Speaker 3 (03:36):
Because you don't think of it until you're in the moment.
You just don't go, You just don't there, you go
now I owe you an apology. Ooh, I your Christmas
gifts came late, and I have two for you today.
Speaker 4 (03:52):
I can't wait for this one letter.
Speaker 5 (03:55):
Here is the first, Oh my gosh, from one of
our are favorites everyone, This is the first that I'm
seeing this from none other.
Speaker 4 (04:07):
And again, we can have favorites, favorites, favorites. Everybody has them.
One of our favorite A rated insurance providers, none other
than nation Wide. It's here, guys, the two twenty five
tax Planning Quick Reference Guide. Oh, this is exactly what
(04:27):
you want, Mike. This is one page, front back. This
is exactly what you want.
Speaker 3 (04:31):
Right, And a couple things stood out to me, What
do you got? Everybody wants to know what's the federal
income tax rates? If I'm single, married, viling jointly head
of household bubba. And that's great. But since a lot
of our clients, Madison, a lot of our listeners have
taken the step to put their estate planning documents in place,
(04:53):
there have been a lot of trust developed when needed. Yes,
now there are different types of trust. I'm just going
to talk about the irrevocable ones. Some law firms call them.
Your medicaid trust blah blah blah. In the Tax Planning Guide,
if you have a trust, you need to be very,
very aware how quickly the tax rates escalate with minimal
(05:18):
amounts of dividends or interest that are withheld in the trust.
And this is what's going to make everyone sick. Fifteen thousand,
six hundred and fifty one dollars DAN fifteen thousand, six
fifty one. If you have more dividends or interest retaining
the trust, you get to kiss the thirty seven percent
tax rate. But then you have to read the fine
(05:39):
print because you also are then subject to the Investment
Income Medicare penalty tax box of another three point eight
you're almost forty one percent. Guys, we've talked about this
for weeks. In addition to the DoD, we talked about
the Taxation Guide to withdrawal and income sources, the white paper.
(06:02):
Now going along with the twenty twenty five Tax Planning Guide,
there are some nuggets in here that some are not
going to pertain to you. But we have to be
more cognizant of our tax status than ever going forward
one hundred percent.
Speaker 4 (06:17):
And I think my here's the key is that again, guys,
this is so clean in terms of the document. Okay
again two thousand, I'm literally reading the headline. I just
saw this right now with you. Twenty five Tax Planning
quick quick Reference Guide from our friends.
Speaker 3 (06:37):
In edition wise, no one needs a fifty page now,
No one needs it now here. Here's another portion that
many will want to read is at what levels of
social security combined income? Where do I get these different penalties? Now?
Many people retired early a few years ago, Dan call
(06:57):
it sixty two sixty three. Sure, because of not so
great economy, not so great tax background, inflation out of control.
People had to go back to work. You have to realize,
if you're taking your social Security benefits, you go back
to work before your full retirement age, you can only
make a few thousand bucks a month, or you start
(07:17):
losing your social Security benefits. If anyone isn't in that spot,
you gotta get this.
Speaker 4 (07:23):
You'll learn it right now. Yep, right, exactly right. So
let's keep this really simple. Guys again DoD version two
point zero, Grab your copies again freebies brand new. This
is apparently one of my holiday Christmas gifts. Twenty twenty
five Tax Planning Quick Reference Guide from our friends at Nationwide,
and I dare say very few do it better. In
(07:47):
my opinion, I'm allowed to it now.
Speaker 3 (07:48):
In years past, and I'm sure it's gonna happen again.
Alion's provided this too. Yeah, but to Nationwide's credit, they
beat them to the punch and they're the first ones out.
Speaker 4 (07:58):
Yeah. I've got a fondness for them too. Yeah, absolutely absolutely.
Speaker 3 (08:02):
And again the reason we like these there are many
out there because they mirror our sentiment and what we
do in our white papers and what we do in
the d D. No boloney, bullet points, bullet points, boots
on the ground, as you like to say, straight to
the point.
Speaker 4 (08:17):
And bullet points. And guys and those of you who
do have investments in and not a solicitation to buy
seller hold in a world where service is abysmal at best.
At best it's missing, at miss missing great great great
descriptor Mike missing. Nationwide actually provide service.
Speaker 3 (08:40):
They do a great job.
Speaker 4 (08:42):
One of the field.
Speaker 3 (08:44):
The bar is so low these days in every service,
any industry.
Speaker 4 (08:48):
Absolutely, in sy talk of financial service.
Speaker 3 (08:52):
I get an email that it's time to have my
annual service for the generator at my house. HM. So
I sent him an email let me know when. Yeah,
within minutes I get an email back here the dates available.
I was shocked that someone actually responded and tried to
provide some course of action to get something done. I
was shocked because it just doesn't exist to me.
Speaker 4 (09:14):
No, now, it really doesn't, Mike, and it's sad. And
that's why we like to point out those, especially in
an industry where we can help guide towards some of
these providers that actually do provide service right that we value.
Speaker 3 (09:27):
We look, it's an important com we like.
Speaker 4 (09:29):
To point them out. So again, guys, big shout out
to all of you. Thank you, thank you so much.
I had some inquiries as to my voice last week
to Michael.
Speaker 3 (09:39):
Well, I think we made it clearly you were under
the weather.
Speaker 1 (09:41):
Yeah.
Speaker 3 (09:42):
Well but once but once again you showed up.
Speaker 4 (09:44):
We play did the job hurt And that is the
That is the bottom line, guys. As we always say,
a couple of things going to break. It's a nice
time to remind you. If nothing else, respect our repetitions.
We are always always here for for you. Sick weather, doesn't.
Speaker 3 (09:58):
Holiday, I'm already doesn't doesn't matter, guys.
Speaker 4 (10:02):
But in the meantime, you've done such a great job.
We are a please and thank you shop. So if
you want to return to that era where you here,
please you hear, thank you. Here's someone answer us at Madison.
Guys during the break, grab your DoD version two point
zero okay and and and brand new. Michael, Thank you.
Merry Christmas to me everyone. Twenty twenty five Tax planning
(10:26):
quick reference guide from the folks at Nationwide. Grab it, guys.
We can zap that one right over to you. Best
way to do it, we think, is www dot Madison
Managers with an ass dot com. Go to the tax box.
Let us know. We'll get it all out to you.
We'll see you right back.
Speaker 2 (10:45):
You are about to experience the Planning for Prosperity show
A three two Here.
Speaker 4 (10:59):
Oh great song? Who is it though, mister producer Daniel
polanskame Miss Mica Oh Brown close? Pretty good Thompson twins,
pretty good, good job Michael Brown. Happy weekend everyone. For
those of you who missed the first segment, this is
(11:20):
the kid www dot Madison, m A D I S
O N Managers m A N A g E r
s dot com. You're gonna use the textbox in there
are multiple textboxes d O D two point zero again
you know where. Please and thank you shop. Thank you.
(11:41):
You've all done a marvelous job grabbing your DoD two
point ohs. Continue to do. So. Here is the thing
my Christmas gift came. Michael got me a Christmas gift
from one of my personal favorite providers. I'm allowed to
have favorite providers. This comes from Nationwide. Twoenty twenty five
Tax Planning Quick Reference Guide is now all yours. It
(12:02):
is absolutely all yours. Just let us know. We will
zap it over to you. We can send it hard
copy whatever you would like. I would pair this if
you don't have DoD version two point zero, let's pair
it with that. We'll get it right out in the
mail to you, free of charge to you. None of
that nonsense about eight dollars shipping and handling, none of that.
(12:22):
If you live down the street, we'll mail it out
to you. So with that said, guys, it is a
happy holiday season to all again. Twenty twenty five Tax
Planning Quick Reference Guide again from one of my favorite
service providers at Nationwide. It is available to you, and we.
Speaker 3 (12:39):
Talk about taxes from an investment standpoint. Dan and depending
on your income, your capital gains rate's gonna change. There's
three different brackets for just capital gains rates. What are
your deductions and credit limits? Whether you're married, single, head
of household and a lot of people always asking you know,
how much can I put in an IRA? When do
(13:00):
I get phased out of being able to make make
a wroth contribution? All in that twenty five tax guide?
All right, so that was just your stocking stuffer.
Speaker 4 (13:08):
Can I give you stuff for here real quick? Yes?
Or did you want to run with something?
Speaker 3 (13:12):
No?
Speaker 4 (13:12):
Because I'm going to give you someone who try this
out as we get this, we get this off, and hey,
I like your approach. This is different, this is something.
This sounds like. It makes a lot of sense to me.
I want to start with a contribution right after tax contribution,
here's what I got. Let's talk about what would be
a diversifier, What would add what would add diversification in
(13:34):
my portfolio? What do you think is best fed? A
lot of times, especially recently, that's been what we call
Pillar three, which now has version two point zero. Version
two point zero, very simply put, allows you to and
this is not Mike and I. This is the data.
Is the data. It allows you to pick from amongst
(13:57):
the highest rated funds. One is a massive hedge fund,
massive massive, one of the biggest in the world depending
on the minute. You could put one hundred percent of
your capital in that fund if you so choose, and
you can change your investments all the time, just like
you would with any other investment portfolio. Right, Mike. However,
(14:19):
the key is this, at the end of the investment term,
you are now guaranteed by the A rated insure that
allows us to do this. You are now guaranteed to
not lose one nickel of your initial principle. Yes, you
heard that here, right, You cannot lose one nickel, not
one penny. Okay, because if the world goes against us,
(14:41):
money is repatriated back into your account. So damn question,
and let me just get the end. Yes, yes, and
if things go well as we all hope for, you
keep every penny of the upside.
Speaker 3 (14:53):
I had a great question about PILLO three version two
point zero. A stup person says, Mike, Okay, I get it.
I don't want to be using proprietary investments of the
company that's ensuring my principle. I said me either, great, no, no, right,
we don't have to do that. We don't have to, like,
(15:15):
here's here's your menu, your list, you know, every single
investment manager, you're not being sold proprietary stuff because I
think it just gives me at least a bad taste
in my mouth.
Speaker 4 (15:26):
But here, Mike, here's where I was going with that punchline,
in that they saw the returns last year right over
this past year, twenty twenty four, and it was a
very nice, very very nice year for this particular for
this particular gentleman. Very nice year. Right. He tried us
out pillar three two point out, very nice year. He said, Dan,
(15:47):
when can I expect to receive the ten ninety nine?
Speaker 3 (15:52):
Now that was his Christmas present?
Speaker 4 (15:54):
The answer when, Mike, when can he expect to receive
the ten ninety nine?
Speaker 3 (15:57):
When he chooses?
Speaker 4 (15:58):
Say that again? Place so we can here.
Speaker 3 (16:00):
It can be never, It can be absolutely an indefinite
amount of time.
Speaker 4 (16:05):
Absolutely correct.
Speaker 3 (16:06):
It could be next.
Speaker 4 (16:06):
Week, Mike. Let's just assume it.
Speaker 3 (16:09):
Maybe, but it's your choice, your control, absolutely right.
Speaker 4 (16:11):
This is a middle aged younger man. Let's say again
the term, let's say he goes through this investment term
looks great, right, wants to re up to your point, Mike,
let's say he wants to re up, assuming it's still available,
same iteration, reup at the end of the term fabulous.
Let's say then, because this gentleman, let's say this gentleman, actually,
you know what he did, Mike. He took advantage of
(16:34):
when we talked about the guaranteed withdrawal rates for life
being at the highest level, and literally twenty year is
twenty years, right, So he opened an account. So, Mike,
guess what he's gonna be able to do. You know
where this is going.
Speaker 3 (16:47):
I bet he's going to be able to add to
it someday. Yes, at today's over abundant rates.
Speaker 4 (16:54):
Yes, and you know it, he's gonna say, Mike, hopefully,
thank you.
Speaker 3 (17:01):
No one's gonna know how good it is until it's gone.
Speaker 4 (17:05):
Well, taine happening anywhere else. Let's let's just make it.
Let's let's make this totally clear. Guys, this tain't happening
anywhere else. Okay, So what what you hear? What you
hear at Madison again, we understand that there are some
copycats coming online, et cetera, et cetera. We get that,
we understand that now some of these super large purveyors
of what used to be mutual fund products and or
(17:27):
exchange traded fund products. We understand that they now feel
they have to get in. They they have to get
into the protected benefit game. Otherwise that they're gonna be
a dinosaur. You know, whether whether that's two years from now,
twenty years, shit, no one knows the rate of change, right.
But guys, we've been talking about this. We brought you
this first in this area. We did it. We did it, okay,
(17:47):
So point is, point is, we've got these strategies. It's
been a very soggy It was a very soggy December,
like we talked about right when we talk about markets again,
not a solicitation by a seller. Hold it so very
soggy December. We is off to a pretty soggy start
to January. We's off to a pretty soggy start.
Speaker 3 (18:08):
Guys.
Speaker 4 (18:09):
I'm just saying, if you got to pull the cash,
you want to give it a shot, let us show you.
We'll educate your pillar three, pillar two, whatever you would
like to learn to take advantage of a market pullback.
Speaker 3 (18:21):
So, and we like to talk in plain terms. Oh,
we believe there's elegance and simplicity here. So Dan I'm
going to read you a couple of quotes, but I'm
not going to reveal its source yet. Okay, we this
is an investment firm. In their new piece. We believe
(18:41):
equities are now in the tenth decile, equity risk premium
is in the ninth death sile, but we see no
evidence a mean reversion in equity valuations. Hence exhibit A.
You think I'm kidding, but I'm gonna show it to
you in a minute. This is an exhibit. Share of
(19:03):
working age population with completed tertiary education is not a
signal for concentration effectiveness. I don't know what that means,
but this is in a recently published guide. I'm going
to give you one more. I guess this is important
to your investments. The number of tridactic patent families registered
(19:29):
between the euro US and Japan patent offices. This is
in a twenty twenty five stock market investment Outlook. I'm
not making this stuff up now, Dad, I'm gonna show
it to you.
Speaker 4 (19:42):
Oh is that my other gift?
Speaker 3 (19:43):
That's this is your other gift?
Speaker 4 (19:46):
Wait, hurry plus page. You all know the binder clips.
You all know the binder clips without exaggeration. Michael has
Michael has used the large that's the largest minder clip
you can use. I know that as fact.
Speaker 3 (20:06):
It's basically meant to hold steel girders together. This is
one hundred plus pages of insanity. And this is produced
by one of the largest investment firms on the planet.
And they think their clients want to read this crazy
question have so many more.
Speaker 4 (20:24):
Let me take a step back, because I know you've
at least looked through this as you always do. Let
me ask, is there at least a recommendation in here? Yes?
Speaker 3 (20:32):
There is. Do you want to hear it now?
Speaker 4 (20:34):
Oh, I'd love to hear.
Speaker 3 (20:38):
After one, After one hundred plus pages, they recommend reducing
international public stocks to US private assets. And this company
just so happens to have a private asset management fund. Wow,
(20:58):
wait a minute. Take the money that we don't get
fees on, bring it here into this magical thing we
call private assets that we do charge fees.
Speaker 4 (21:07):
This is so transparent and the best part is Mike,
and the best part is it's again it's a no
lose for this particular firm because it's in it. They're
pulling from an area that again hasn't worked, right, A
disaster hasn't hasn't worked, which is.
Speaker 3 (21:22):
Probably Oh, we gotta go to break, guys, all wait,
I have more.
Speaker 4 (21:25):
Oh we're back, right when we're back, guys www dot
Madison Managers dot Com. Use the break, guys. I think
it's the best time again. Brand new. We've got the
twenty twenty five tax Planning quick key is quick reference
guide from our friends, a nationwide d O D two
point zero. Let's put it all together in a package
for you. Let's send it out again. It's all free
(21:46):
to choose one of those textboxes. Let us know how
many copies and how we get them? Do you? We'll
see right back that like date Mike, you are about.
Speaker 2 (21:57):
To experience with the planning for prosperity shows three two.
Speaker 4 (22:07):
Music Jimmy Davis, Kim is he right? Jim something saying?
Daniel Plants and Michael Brown Madison Will Manatures, Oh you're right,
Jim Carnes carns Okay, she.
Speaker 3 (22:28):
Was kind of a one hit one. I would have
but everybody knows it.
Speaker 4 (22:30):
Softy, I know, but I would have never thought this
was the one hit wonder. That's very interesting, Yeah, mister producer,
Welcome aboard welcome over the cruise.
Speaker 3 (22:43):
He's doing good.
Speaker 4 (22:44):
I was going to say after last week's I've had
a lot of discussions internally regarding the musical interludes and
what I believe to be I don't know, maybe just
taking a little bit easy on the musical and.
Speaker 3 (23:01):
Maybe we don't pick the soundtrack during happy hour.
Speaker 4 (23:03):
Maybe right or at four am once one that's just
waking up, or you know whatever, whatever it happened to me.
Guys again brand new if you missed early on. I
got a Christmas present from Michael, and I'm so glad
I'm seeing it for the first time here right with
all of us. It is the twenty twenty five tax planning.
(23:26):
Here's the key, guys, quick reference. Guy. It's from our
friends at Nationwide. And I don't mind mentioning Nationwide because,
simply put, and we're allowed to have opinions. In my opinion,
they are an exceptional provider of service in an era
where there is no service.
Speaker 3 (23:42):
And may you happen to be in the driver's seat
right now, absolutely now that that could change tomorrow, absolutely correct.
Speaker 4 (23:48):
There the driver's seat now. Point is, guys, grab this,
Grab this along with your d D two point ohs okay,
they go beautifully together. This is this would be a
beautiful Stop fucking Michael or whatever, anything under the tree
or place, Matt. You know we always talk about DoD cocktail. Beautiful,
how beautiful, very very large cocktail. If you were sitting down,
(24:10):
there's three at the table, two at the table, whatever
it is, even even you're serving yourself.
Speaker 3 (24:14):
At the table right under your napkin. Absolutely correct, guys
under the salad fork.
Speaker 4 (24:20):
Absolutely correct. So let's grab both. Let's grab your d
D two point zero. Let's grab your twenty twenty five
tax Planning Quick Reference guad. This was even warm when
you handed it to me, Michael. Let's grab that from nationwide.
They're both again that that's special, Mic, that's a special gift.
Www dot m A D I S O N M
(24:41):
A m A g E r s dot com. Use
one of the tax boxing let us know how many
copies we're gonna pair these together, or if you don't listen,
if you just want to one off, let us let
us know which one.
Speaker 3 (24:54):
And I think I brewery, miss if I don't mind, everybody,
as we're gonna be coming into tax season in the
blink of an eye, going to start getting their awful
ten ninety nines, especially for these awful broken bond funds
that lose money, but you still pay tax on what
is going to go well, I use the wine analogy.
What we're going to pair with this is the taxation
(25:16):
guide to income sources. If you are getting ordinary dividends
and interest income, it's not just the tax you o
on that that is added to your federal tax numbers,
your state tax numbers, the potential net investment income penalty
box three point eight percent tax. We've got to become
(25:37):
much more efficient with the taxation of our savings.
Speaker 5 (25:41):
Here.
Speaker 3 (25:41):
This is the easy, low hanging slippage that we need
to eliminate totally.
Speaker 4 (25:47):
Here's where we're going to go with this, my company,
I'm going to throw something out there. I'm going to
I'm going to throw a question at you. In a
world where somehow and it's just again, these firms have
just swaths of salespeople swaths. I mean these are swaths
and swaths and swaths of sales, and most.
Speaker 3 (26:07):
Are very poor.
Speaker 4 (26:08):
And but here's the point. In a world where the
blueberry portfolio is owned and enjoyed by so many of
us without us even knowing exactly. Let me ask a question, Michael,
Let me ask this, what if what if, in the
(26:29):
spirit of the blueberry portfolio, as you always say, the
one percent that goes to the magenta right, one percent
of the blueberry portfolio goes to them?
Speaker 3 (26:37):
Would that be the intergalactic small cap section?
Speaker 4 (26:41):
Absolutely?
Speaker 3 (26:41):
Okay?
Speaker 4 (26:42):
What if I actually talked about what we call true diversification,
real diversification. What if I had some maccess savings and
or one of these bond funds, but it just doesn't
do it for me anymore? Michael, could you describe to
May right now why I would not why I would
not take a portion of those dollars? Right, come on
(27:05):
over to Madison, have a chit chat, get educated up,
and maybe, just maybe I want a little hedge fund
exposure in my pillar three. Right. And oh, by the way,
I went full principal protection on that, which you get. Okay,
And oh, by the way, if I'm a winner, winner,
win or winner, I keep every penny. And oh, by
the way, also, Mike, if it's after tax money, I
(27:25):
get full tax deferral. No. Ten ninety nine's no anything.
Could you explain to me why I wouldn't do that?
Speaker 3 (27:31):
And I'm not making I know, I'm being serious. Yeah,
is the path of least resistance not to make a change.
It's easier to do nothing, even though it's a vast improvement.
And what strikes me Dan is obviously we talk to
people all day about money, right their life savings. It's
(27:51):
a very personal matter. Many people don't like to talk
about it. They don't talk to family members.
Speaker 4 (27:58):
Oh, if it's that.
Speaker 3 (28:00):
Important, why are we so careless with the money? So true,
that's what I want to know. So wait, I have
a third gift for you. Wow, but this is just audio.
Speaker 4 (28:12):
Oh.
Speaker 3 (28:13):
I had one of these fancy schmancy money managers call
me because they want us to put all the Madison
clients in their their their super duper portfolio. And I
had a list of very simple questions. I couldn't get
any answers. Okay, but my number one question is what
(28:33):
are the protection protocols for my client's money? Okay? When
do you put pump the brakes? When do you make changes?
He said, it really depends on our outlook. I said, no,
that's not what I asked. What do you do and
when do you do it? He goes, well, we have
raised serious amounts of cash in days gone by. I go, great,
(28:54):
tell me what day it was? The year two thousand,
I said, to the fact, I said what And I said, well,
what did you do in two thousand and eight? We
wrote it out? Because the market always comes back. What
did you do in twenty twenty two? It didn't change
our forecast. We didn't do anything. What we did was
and this is where my blood pressure went up. Do in?
(29:16):
He goes, we changed our sector? Waitings, will you put
this this now? I'm having a heart attack.
Speaker 4 (29:23):
This gentleman and or this gentleman in our gal was
and they were in a very very very bad spot
with you.
Speaker 3 (29:29):
Now they own individual securities, so they showed me the
portfolio as they should. Fabulous. Why would I have ninety
different stocks, Daniel, when fifty of them are less than
one percent value in the portfolio? I said, why why
(29:50):
are you doing this? And I said, specific stocks. I
don't understand. These are deminimous positions. They mean nothing. He goes, well,
that's that's our diversifier. That's not a diversifier. Could my man,
this might be a good conversation if you were trying
to sell this to my mother, right but you're trying
to have us sell it to our our friends and
(30:12):
family who and trust their savings to me. I said,
no hard feelings, but please don't call me ever ever again.
Speaker 4 (30:18):
You know what else, there's so much bad product out there, guys.
And I think this has a lot to do with
the fact that a lot of these houses, if you will,
they're not willing to admit on these errors. What we
are in that The reality is, if you want to
(30:40):
look at overall averages, right, the overall averages, they haven't
done much in a while, right, if you go back
to the Midsummer highs, haven't done much, right, not much
at all, Okay, And what they're doing now is they're struggling, right,
they're struggling to come up with different ideas up ar tunatees,
(31:03):
if you will, that sort of thing, because they have
nothing to talk about.
Speaker 3 (31:07):
Mike, Wait, wait, wait, Dan, But if I put point
zero eighty five percent of your savings in the euro dollar,
I'm getting real diversification, right, point zero eight five percent,
So of a dollar eighty five cents are in these
(31:28):
esoteric things. That's not diversification, people, It doesn't mean anything.
It doesn't move the needle diversification is diversifying the risk
of losing your money.
Speaker 4 (31:38):
I think there's one. Listen, guys, when we talk, when
we talk here at Madison about the verse five. So
we're lucky we have pillar five. Right, We're lucky we
have pillar five.
Speaker 3 (31:48):
We have it at least for two and a half
more months.
Speaker 4 (31:50):
Yes, we're lucky we have it where it still makes sense.
Point being, point being that we could make a very
strong argument that right that Mike in at least two
of the pillars, right, at least two of the pillars, right,
two of our four maybe five pillars. You're accruing additional
(32:14):
benefits in an upward fashion.
Speaker 3 (32:17):
Even if the market does nothing correct, which has been
doing a.
Speaker 4 (32:20):
Lot of introg goes down. Intro goes down. So so
that's the point, guys, when we can talk about true
what we call true diversification, we're allowed to have opinions,
not a solicit as you buyseller hold you guys get
this because what we do first, as you all know,
when you come in the office heat or talk to
(32:40):
us over the phone, we educate. It's education first. No
one's selling, no one selling squantum. Okay, let's make that
very clear we are. We are not the gentleman that
called Mike to discuss whatever nonsense canaple. We're gonna educate
first and then you're gonna make an educated decision. Okay.
What we are, however, we're trying to build our business. Obviously,
(33:04):
we like to grow, grow, grow, grow, grow, just like
everybody else. And the thing is, we think we have
something that can help you build us what we call
a sustainable competitive advantage Visa VI. Your neighbor who may
be investing right with the person that called Mike.
Speaker 3 (33:25):
I want to compete Visa VI with not losing my money.
That's what I care about.
Speaker 4 (33:29):
That's what we see.
Speaker 3 (33:30):
If my neighbor makes nine percent and I only made eight,
God bless them, but I'm never gonna be down twenty
at Mike.
Speaker 4 (33:36):
Well done Www. Dot Madison Managers dot com. Guys, Whilst
we're thinking about it, let's go right now again. Brand
new twenty twenty five Tax Planning Quick Reference Guide from
Nationwide d D two point zero will put them both
together for you, will ship them out. They're free. If
you just like the Tax Planning Quick Reference Guide, we'll
(33:57):
zap it right out. You just gotta let us know again,
Madison Managers dot com use one of the textboxes let
us know right now. I think that's the best way.
We'll see right back.
Speaker 2 (34:09):
You are about to experience the Planning for Prosperity Show
three two here.
Speaker 4 (34:22):
How did you know this? Michael?
Speaker 3 (34:25):
The theme is take a chance on uson Madison? Right?
Speaker 4 (34:29):
Is that the theme?
Speaker 3 (34:30):
Or stop taking chances with your mind?
Speaker 4 (34:32):
Right?
Speaker 3 (34:33):
I like that one better?
Speaker 4 (34:35):
Wow? Really good? Michael learned Michael learned the theme when
I learned the theme in the ball and Michael actually said,
this best be the song because this is my one
of Michael's. Again, what if you're five? Or if the
theme could have very easily been this is a sweetish
super five of your favorite groups songs, Broadway plays, it
could have movies, It could have been.
Speaker 3 (34:58):
All the triumviria of great all of the above.
Speaker 4 (35:02):
Everyone, Happy weekend, Welcome to Planning for a Prosperity Radio.
Are we got all kinds of gifts this week? Guys?
First things first, I'm gonna let you get your penhandy
or your ipatty or whatever you happen to have your
tabloid www dot Madison M A D I S O. N.
Man Nu jurors. So it's m A N A G
(35:23):
E R s all one word Madisonmanagers dot com. Let's
use the textbox. Let us know because we have a
brand new gift. We have the twenty twenty five Tax
Planning Quick emphasis On Quick Reference Guide from our friends
a nationwide. Michael just unveiled this. He gave me my gift.
This was this was part of my Christmas gift set
(35:44):
that was waiting in the wings, and now I'm ready
to give it to all of you wanted.
Speaker 3 (35:49):
You gotta pass on your good deed absolutely.
Speaker 4 (35:51):
So point us this guys, thank you again. You know
where please and thank you shop. We'd like to separate
with that first and foremost. Okay, if nothing else, d
you two point zero you've requested in droves. We love it.
We have planning available. Request your copies. We'll ship them
out now that we have the twenty twenty five Tax
Planning Quick Reference Guide available, guess what, we'll pair it up,
(36:14):
pair it up for free. Okay, So let's get that
out and let you enjoy them now. Michael has also
given me a lot of material here. I got a
couple more for it today. As he goes to if
you missed the segment earlier. A major major supercenter, Wall
Street Bank has produced their what would you call that
(36:36):
review preview type style.
Speaker 3 (36:37):
It's the twenty twenty five outlook in all.
Speaker 4 (36:42):
Kidding aside, everyone, It is bound together and you can
all envision this. Okay, it is bound together by one
of those supersized I believe there's steel metal. Whatever the
heck they are binder clips. Okay, they're all there, just
for you. Okay.
Speaker 3 (36:58):
This thing's three inches thick and the font I have
to put my glasses on to read it. This is
this is something now Now what it is is not useful?
Speaker 4 (37:06):
Yeah? The right the key is is And this is
a great differentiator, Mike. This is a great teaching point
because there are some on the radio airwaves, some on
the podcast things, some on the internet where this would
actually serve, right, Mike, as some sort of educational tool, right,
(37:29):
this would be this would be the subject of a show.
Speaker 3 (37:32):
Let me give you some of the educational Here's.
Speaker 4 (37:34):
Where I went where I went with this, guys, As
I asked Michael a literally, I asked him a very
pointed question, is there even a recommendation in there? And
the answer was yes, we're going to be moving what
was it, Mike, We're going to be moving.
Speaker 3 (37:50):
The reducing some international stock exposure.
Speaker 4 (37:55):
Public stock, public value. They're separating public from private.
Speaker 3 (37:58):
Into their own domestic private stock.
Speaker 4 (38:03):
That's awesome.
Speaker 3 (38:04):
That's awesome, Okay, And you make that such so there's
no conflict of interest there.
Speaker 4 (38:07):
No, you call your advisor on Monday. Okay, you call
your advisor on Monday, and that that is the switch.
That is the switch that you may now thinking of
that out loud, Mike. Would the private stock fund have
a lock up provision? We talked about that a little
bit in the what.
Speaker 3 (38:22):
Once you get your money invested in these private equity things,
there's no out, No, you never get your money back.
I'm okay with saying I have a five or six
year time frame. Seven year that is a finite amount
of time when I give you my money and you
say I don't know when we'll ever give it back
to you, I'm not crazy.
Speaker 4 (38:43):
And again, guys, we we discussed this as being a
no lose situation for this particular broker, dealer, advisory firm,
whatever you want to call it, because they're basically telling
you take some money insignificant an insignificant amount from an
area that quite supplut hasn't performed for literally decades. And
(39:04):
that's not right or wrong. I mean it may again
made double triple now that they pulled it, probably double triple,
whatever it happens to me. But the point isys it's
in no risk situation. They're basically saying, he tries something,
you have no idea where you're going into.
Speaker 3 (39:16):
Try our black box. Correct, you might like that.
Speaker 4 (39:19):
Correct, this was bad, Let's try the black bos right.
Speaker 3 (39:21):
So Dan, here's another just gem here quote certain US
equities will not repeat current out performance of the last
few years. I can't even say it without laughing. Current
US equities will not repeat current outperformance of the last
few years.
Speaker 4 (39:39):
No way.
Speaker 3 (39:41):
Well does that ever happen before?
Speaker 4 (39:42):
Seven stocks that worked?
Speaker 3 (39:44):
How about this? There's an eighty percent probability of market
losses of ten percent. There's a forty nine percent probability
of a fifteen percent decline. Dan, you can't make this up.
You can't make this up. This is written by by
real this. These are the gems.
Speaker 4 (40:05):
But we agree. But the question points, what do you
do about it? We're telling you what to do about it.
We're fixing.
Speaker 3 (40:12):
I know you're gonna go there.
Speaker 4 (40:13):
Here's what it is we're solving for why.
Speaker 3 (40:15):
You have to remain vigilant for unexpected risks. I'm reading
it whilst at work be vigilant.
Speaker 4 (40:22):
So you're at work and you have to be vigilant.
Speaker 3 (40:25):
You gotta be vigilant, Dan, that's that's, that's what you do.
And how do I do that?
Speaker 4 (40:30):
I don't get it. I don't get it.
Speaker 3 (40:31):
Okay, I like this is to me, boy, this is
this is better than watching a comedy skit.
Speaker 5 (40:39):
Let's talk.
Speaker 4 (40:39):
Let's let's just wait a minute, Let's do real world.
Let's can we play real world, Mike, let's go, let's
go to reality. Okay, and again, guys, I have to
say this. You know this not a solicitation biiciller. Hold okay,
Here's how I could argue rather than that abject silliness
about vigilant and this that The next thing we talked
about a client that gave us a shot with Pillar
(41:00):
three right, brand new Pillar three version two point zero. Okay.
He liked putting his money into one of the largest
hedge funds known demand. Depending on the minute, okay, could
be number one, number two, whatever, irrelevant. It a great track.
Reckerd YadA, YadA, YadA. He went all in on that, okay,
and he knew that at the end of his investment term.
He is full principle protection. You heard that, right, everyone,
(41:21):
meaning can't lose, can't lose, you know what that's called
being vigilant, that's vigilant. No, but here's the point. Here's
the point, and it's a solution. Okay, here's the point, Mike.
Let's play hypothetical had a great year, a year according
to anyone who was a great year for that particular vehicle, right,
the great year. Okay, he was the one that asked.
And again, guys, so if this was after tax money,
(41:42):
he actually asked, He actually asked, when do I get
my ten ninety nine? So again we explained to you know,
reminded him that you don't you don't, okay until you
want to. So let's pretend. Let's play pretend. Let's say
it is a nasty twenty twenty five. Let's say it's
a nasty twenty twenty five, right, and again, let's say
(42:02):
he continues he wants to Dan, I want to stay
with this fund, want to run with it. I understand
I can change. I understand you can give me advice
on that. I just want to run with this. Okay,
s it's a nasty year, right again, best as good
of a team as you're gonna find, right, that's with
the day to show bad year, badiar Frequity's bad here
for the world. Whatever say the let's say the fund retraces,
(42:25):
let's say his investment with traces. Mike, is there anything
can you be more vigilant than having a full guarantee
on your initial principle?
Speaker 3 (42:37):
I can't think of one.
Speaker 4 (42:38):
No, I'm just thinking by definition.
Speaker 3 (42:42):
I don't know. Maybe maybe, well, this big investment firm
could answer that, after they answer why I would care?
What the twelve month US recession probability according to the
Survey of Economics SYSTM. Okay, the Wall Street is a
marketing devil. That's what they are. They are so good
(43:04):
at this. They couch nonsense to corner into what they
want you to invest in.
Speaker 4 (43:11):
I'm gonna say this to Mike. I'm going to I'm
gonna say this. I'm gonna give a lot of credit.
And you guys know we've talked about this forever from
a marketing standpoint, We've talked about this forever. The the
annuity field should change the names of the product. Just
change the names, call them anything, because these taint Daddy's annuity.
Speaker 3 (43:30):
You could call them toxic, call them.
Speaker 4 (43:32):
Whatever you want to call it. I'm gonna say this.
You know where they are making a major shift, Mike,
A major dent in that, I think with respect to
the client approved marketing materials, right that when you guys
ask for more information that we give out to you,
et cetera, et cetera, we sit down and go over these.
I think they are a million times cleaner, a million
(43:55):
times neater than they were five years ago.
Speaker 3 (43:59):
And I think it's a function of so much money
has flowed into investments that have some form of protection.
It's brought more and more of the big bad investment
firms into this.
Speaker 4 (44:14):
Talent, and now they have to compete. But to that point, Mike,
I think it is. I think it's actually done what
we do as service, I really do, rather than rather
than the you know, all of the mathematical talk, all
of that, the hey geez, I've got the picture the
(44:34):
family on the front cover, on the beach, correct on
the sailbow. Let us save for your retirement. And you're like, well,
wait a minute, I'm not you know, I'm not necessarily
seventy eight years old. And I that doesn't look like
my daughter.
Speaker 3 (44:48):
I don't think what's gonna happen in my mind.
Speaker 4 (44:50):
That's the point, Mike, that's the point. These are not
being designed in a lab, which is where they used
to be designed. These are These are actually being designed
by people marketing phone and I think, and again.
Speaker 3 (45:02):
They have a long way to go. Still no, but
I still keep up with this nonsense.
Speaker 4 (45:06):
No, no, no, but Mike, it's like we always say, simplicities, bliss.
I think it is much much cleaner than graphs.
Speaker 3 (45:13):
That's what happens when when the market's good. Here's what
happens when the market's bad. Here's what happenses.
Speaker 4 (45:18):
Let us get you this material, please, Whether it's pillar
two right, guaranteed pension, whatever you want to call it, right,
whether it's pillar three right growth with full principle protection.
Pillar four what we call the buff buff right Mike,
buffer style in.
Speaker 3 (45:35):
Deex where you can move the pieces around the test absolutely.
Speaker 4 (45:38):
Pillar five right, Mike, Pillar five, which is just simply
put this your CD killer, Okay, it's just it's just absolutely.
Speaker 3 (45:45):
Every bond fund you have doesn't stand it.
Speaker 4 (45:47):
Let us start with something nice and easy to consume.
Guys will get it right out best way www. Dot
Madison Managers dot com. Use the textbox let us educate,
let us educate on the pillars. Let us grabbed this
week's prize d Looks, which is the twenty twenty five
tax planning quick reference guide from nationwide dods all available. Guys,
(46:09):
we want to hear from you. Let's get it going
brand new year. Let's get this thing started right. We'll
see you in the office.
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