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
Madicsine 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.
Speaker 2 (00:35):
Or Osaic Advisors.
Speaker 1 (00:36):
Information in this illustration has been obtained from sources believed
to be reliable and 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
(00:58):
indication of future results. Investment involve risk and the possible
loss of principle.
Speaker 3 (01:04):
You are about to experience the planning for prosperity show
in three wait.
Speaker 2 (01:19):
I gotta hear it. It might be Frank, it's the
most wonderful with the kids jingle belling. Come on, you
should have gotten that this has been covered by every
crooner in the history of time.
Speaker 4 (01:39):
I know, but your sensitivities should have picked up on this.
Perhaps Happy weekend everyone, Happy holidays in yep, we roll
through and Daniel Planski Michael Brown, Managing Director, Michael Brown,
so proud to be a Madison Wealth Managers.
Speaker 2 (01:56):
Welcome aboard the cruise grip.
Speaker 4 (01:58):
And please and thank you, please and thank you because
you know where I'm going with this, Michael, I am
saying thank you to so many of you nubies last week,
newbies and good friends of ours. Right friends, we are
already on the cruise ship. You guys are making your
way through the latest stackola of DoD version two point zeros.
Speaker 2 (02:21):
And you know why I like it, Dan, because everybody
can have the excuse right now of what the holidays
are so busy? Yeah, my least favorite word. Yeah, these
people are saying, wait a minute, there might be a
couple of things I can do before year end. Yeah,
that would be considerable. That would be very beneficial to
(02:43):
my family, to those people. You put busy aside and
you were effective.
Speaker 4 (02:48):
Hey, you know what, Michael, you know what came up
and I was having a conversation.
Speaker 2 (02:53):
I helped. It wasn't my attire.
Speaker 4 (02:55):
No, you're ready for this. It was a meeting with
a client. And you're listening right now. You know who
you are. And you actually brought a friend. There's a
friend at the meeting show we call it a prospect,
if you will, And this friend had an advisor, if
you will, And the friend was asking a lot of
(03:18):
questions that you know where they'd be covered, Michael in
a white paper that is one of your favorites within
the do DA a multiple It's just two pages. I
explained what it is, bullet point consumer grade. You actually
(03:40):
want to read it and be educated. You know where
these questions where the answers would be found, Michael.
Speaker 2 (03:45):
The twelve estate planning musters.
Speaker 4 (03:48):
Very close what to do when a loved one dies?
Speaker 2 (03:53):
We are that's still.
Speaker 4 (03:56):
No planning time with Michael that's yours. That's the one
where we've got the twenty or thirty items where truly,
even if you were a financial planner, you would never
think of these items.
Speaker 2 (04:08):
And a lot of it has to do with, unfortunately
the world we live in, identity theft. Oh, this is
where scammers, the schemers how to avoid credit cards knowing
anything happened. Because I don't know when this started. Dan,
funeral homes are now alerting not just Social Security, Medicare,
(04:32):
et cetera, but financial institutions when someone dies. I don't
know when they became able to do so that information
just pop. It's out there. Yeah, and the bad guys
are much better than the good guys at getting in well.
Speaker 4 (04:45):
And here's where I'm going with this mic because again
I think this may be my blind spot because as
much as I like to think everyone wants to get
their hands on the estate planning timeline, which is my favorite.
Speaker 2 (04:59):
Guys.
Speaker 4 (04:59):
Both these again in summary, both of these documents are
in d D version two point zero. So we're basically saying,
just get DoD version two point zero and your needs
will be met. Thumb through it, you'll get both of
these documents. They are in here, Okay, My point is this, Mike,
here's my personal blind spot in that I think the
(05:23):
white paper, when we talk about what to do when
a loved one dies, I'm now thinking that might be
more valuable than the estate planning timeline.
Speaker 2 (05:33):
Because here's why. Because that's that's step one and timeline
is two.
Speaker 4 (05:40):
And I think also, Mike, the estate planning timeline assumes
and this isn't going to sound right, but it's factual.
It's gonna sound bad, but it's factual. I think the
estate planning's timeline assumes a level of organization that that
may not exist, correct and that and that's the bottom line.
Speaker 2 (06:02):
But it'll help you get organized. Absolutely.
Speaker 4 (06:04):
Whereas whereas whereas what to do when a loved one dies?
That is each and every one of us we go,
We literally need that document and we need to go
check mark by check mark by check mark by check mark. Mike,
it's that important, guys. And it took this conversation, if
you will, for me to realize it. And now I've flipped.
Speaker 2 (06:28):
You'll love this.
Speaker 4 (06:29):
I flip my favorite documents. My favorite document is adapted
and changed.
Speaker 2 (06:34):
But Mike, I think it's so critical.
Speaker 4 (06:36):
And here I've been for a year, you know, pounding
the table on a state planning timeline, a state planning timeline,
when in reality, I think the more important document is
what to do when a loved one dies, I really do.
Speaker 2 (06:48):
I'll keep going backwards before that. You should have the
white paper, the twenty five documents need before you die.
That helps the organizational process.
Speaker 4 (06:59):
But I think, yeah, we all understand that. I agree
with you, I mean, I totally agree with it.
Speaker 2 (07:03):
Then, just to get up to speed, what do I
do when mom or dad or husband or wife pass away?
Right now? Now we know you're grieving, yeah, right, we
understand that the bad guys are not grieving their work's
And there you go, Mike, that and they're working to
steal money.
Speaker 4 (07:22):
And that was what started this conversation. What started this
conversation was exactly along those lines, Mike. So guys, again,
I'm gonna underline and again please and thank you. Firstly,
hey you to all of you guys who number one,
you're already on the cruise ship. Thank you to those
of you who have started sampling the work we do, right,
(07:45):
the work we do. If you want to know what
we do here at Madison to educate because that separates
us from the crowd. It's education, first period, first and foremost, first, second, third, fourth, fifth.
Please everybody, thank you. You did such a great job last week.
Let's do it right now. D O D version two
point zero. They are available right now. They are freebies.
(08:05):
They are bound.
Speaker 2 (08:06):
Guys.
Speaker 4 (08:06):
We say it half kiddingly, but it's so true. These
are built to last. Okay, this is not on a
piece of papment. No, no, no, no, guys, this this will
it'll it'll make a thud. It'll make a thud. However,
unlike many documents that do make a thud, this is
this is consumable, right. It's consumable in that you find
(08:27):
out what documents you want to read, right, where do
you want to brush up, what's helpful, and you'll consume
those in bullet point format.
Speaker 2 (08:34):
Right, and you'll enjoy it. So, Dan, you know, a
couple of days this week, I had to go down
to New York City and Long Island and A it's underwater,
and B the infrastructure is so poor. But I believe
the d D could actually survive along with the cockroaches
in New York City. So get the d D two
(08:55):
point zero now, I know we have to go to
break but I want to make an observation when I
was in the more populated areas Long Island, New York City.
In my opinion, it's a social experiment that went very,
very wrong. There's too many people on the planet down there,
there's too many cars. Infrastructure is crumbling. I hope I
(09:19):
never go there again, because when you're getting two inches
of rain in a day and the infrastructure is crumbling,
water is coming out from under the earth like a
sci fi movie, and a three lane road becomes a
two lane road because you can't be in the right
hand lane. So the reason I say that we're gonna
tee up in the next segment a guide to some
(09:40):
taxation things you can do for the rest of the
year into next year. Here's it in my opinion. And
as you say, Dan, we're allowed to have opinions. You
couldn't give me a New York City municipal bond. They
cannot even fix their roads. How are they going to
pay interest on this debt that is burying them. I'm
(10:00):
a country mouse. Everybody knows that, and I'm negative. It
was scary.
Speaker 4 (10:04):
There are a lot of people who are not in
disagreement with you, Michael. With that said, guys, great job
grabbing dood version two point zero. Again, I'm going to say,
if for no other reason, grab it for our white
paper what to do when a loved one dies. Guys,
this is a checklist. We all need this one, and
I was wrong on that, So grab it. Let's get
(10:26):
it easiest way www dot Madison Managers dot com. Use
one of the tax boxes and just let us know. Hey,
I want one copy, I want two copies, and how
we can be in touch. How can we get it
to you? We'll see right back.
Speaker 3 (10:39):
You are about to experience the planning for Prosperity Show
and three two.
Speaker 4 (10:49):
Let's beginning.
Speaker 2 (10:52):
Oh you you will always get this, Michael.
Speaker 4 (10:57):
Does.
Speaker 2 (10:57):
He does a great Christmas show.
Speaker 4 (11:00):
Happy Holidays, Very Christmas, A happy Quanta mart the Mother
Happy Happy.
Speaker 2 (11:09):
It's a holiday theme here. Apparently I'm gonna make you
unhappy in about one minute. I can't wait.
Speaker 4 (11:14):
Politic for Prosperity Radio. How everyone welcome a board the
cruise ship. You guys, again, you've been great on ordering
your do d version two point zeros. We just got
We just got a fresh, fresh stack that came off
of the the semi the rig if you will, and
we're going to need some bard.
Speaker 2 (11:30):
I love it.
Speaker 4 (11:30):
That caused like a lot of buddy, So guys, please
keep ordering your copies.
Speaker 2 (11:34):
Again.
Speaker 4 (11:35):
I told the story first segment where after long thought
and evaluation, I have changed my favorite must have document
that's again within doo D version to buenos So in
other words, guys are both indo D version too. My
favorite forever, forever, forever has been the executor timeline. Not anymore, okay,
(12:02):
And it's not that it's not critically important.
Speaker 2 (12:04):
It is.
Speaker 4 (12:04):
Again, it's as good as it gets, guys. The document
entitled what to Do when a loved One Dies is
simply you must have. It's not optional. It's not optional
because the more I think about it, it is twenty
or thirty items that not even your favorite financial planner, right,
(12:25):
and that's how this conversation came up. Your favorite financial
planner will ever ever give you this list. It's not
going to happen, Okay, and Dan.
Speaker 2 (12:36):
It's not that people in our business don't care, but
when you're paid to do, when you're a general practitioner,
they can't. You don't have the firepower to do these things.
You can't do it exactly. You need all the background
and they don't get any kikolaides, but they do the.
Speaker 4 (12:51):
Heavy lift absolutely right, guys, So let us let us
get you the document. The easiest way is do d
version two point zero. It all comes down. You can
have it all free, free, free, that's the key. Free
for the holidays, free for July, whatever it happens to be. Guys,
we know you're gonna have friends, family, And this was
a case where a friend was around. A friend was
(13:12):
around and just started talking. You know, her husband had
passed et cetera, et cetera, and a lot Mike to
your point, a lot of her questions weren't being answered
by the do it all general practition, you know.
Speaker 2 (13:26):
The old school county doctor yes, who did it all?
Speaker 4 (13:29):
One hundred percent? They weren't getting answered. I said, I
have the solution for you, and here it is.
Speaker 2 (13:36):
Guys.
Speaker 4 (13:36):
You guys who are on the cruise ship right now,
you're listening.
Speaker 2 (13:40):
You love it. We love that you're listening. We love
that you love it.
Speaker 4 (13:43):
Okay, DoD version two point zero. Let us know the
easiest way www dot Madison Managers dot com. Use any
one of the tax boxes simply put, let us know
you want copies, how we get them to you. It's
all all free. So it's that simple guy. So please,
(14:03):
I suggest you do it right now, only because that's
how I work. If I don't do it right away,
it probably something else is gonna jump in there. So again,
do you d version two point zero what to do
when a loved one dies? Thumb right to it? Okay,
that's the first thing I want you.
Speaker 2 (14:18):
To check out in there? All right. So this is
gonna be one of my favorite segments because I get
to put some coal in dan stocking right now. He
does not know this is coming. This was sent to
me by a client and an advisor is trying to
pitch a product to this person structured. Yes, but I
(14:41):
want to I want to give you a couple of
tidbits because these things are coming back in a big way.
It's toxic and b it means the pendulum. In my opinion,
Dan has swung from people being fearful of losing money
to being greedy to wanting more, and that oftentimes is
(15:03):
a prelude to not great market condition.
Speaker 4 (15:05):
I think it's more than that, Mike, and let I'll
fire back. Can you tell me, so, Dan, have you
heard of this new thing. It's called a Phoenix memory share.
Speaker 2 (15:14):
Okay, all right, wait, wait, wait, just just bear with
me that Dan's already having a heart attack. It's called
the structured product in involving derivatives. Now is being offered
pursue it to an exemption from registration under the US
Securities Act. So you can't sell this thing in anywhere
in Europe. And yet, Dan, I'm just getting you a
(15:37):
couple of notes. It's on the Vienna Stock Exchange, but
you can't sell it in Europe. It has a seventeen
point three five percent coupon, meaning income. That's awesome. It's
based on three securities stocks whose yields are zero. Okay, now,
(15:57):
so they sent me the actual prospectus. I don't even
know what these things mean. I've been doing this for
thirty two years. There's something called a reference item, knock
in determination day, A knock in day, I don't even
know what that means. A strike date on the knock
in determination day. Wait, I gotta keep going because it
(16:20):
just blows me away. What's a barrier count condition? I
remember the barrier stuff? I do remember that. What is
a coupon barrier value? What is the sum rate of interest?
And as you're going through these things, I just start
giggling and I'm like, wait a minute. Now, there's about
thirty eight pages of disclosures called important notices. Now, which
(16:44):
is your red flags what you should be nervous about. Well,
there are selling restrictions, risk factors, conditions of the notes.
I don't even know what this is. And it's out
of a Spanish bank. This is coming from a law
large big box investment company.
Speaker 4 (17:03):
I'm gonna take it one step further.
Speaker 2 (17:04):
Mic, And I started sweating reading these things.
Speaker 4 (17:07):
Can I take it one step further? MinC in that
I think this is the issue everyone. You know, we
made a call over two years ago and it was
very bold at the time, okay, where we talked about
the big growth bohamos out there. You call them whatever
you want, but they were called toilet water at the time.
Speaker 2 (17:25):
Okay.
Speaker 4 (17:26):
They were as hated of equities as we've ever seen. Okay,
And we said it didn't really make much sense to
us when you actually got out the pencil and the
pad and actually did the work, which no one does anymore.
So I will go so far and again, listen, we
have opinions. The call was made on the air. It
(17:47):
was one of the greater calls you will ever hear
on local errors, national airs, any airs, because not only
did we make the call, the timing was right. We
told you how to do it. Okay, we told you
how to do it. Now, you know what I think, Mike,
I think after a multi year sensational rally in these names,
(18:08):
you know what I think. I think these firms are
getting scared because they realize that when you have such
tremendous outperformance and such interest now late in the day, right, Mike,
late in the day, in a handful of names, literally,
a handful of names, everyone, a handful of names, and
(18:30):
we could all you can listen to these fibers online,
these talking heads on airs. You listen these fibbers talking
about broad in it.
Speaker 2 (18:37):
It's a lie.
Speaker 4 (18:37):
The data doesn't show that, Okay, the data shows this
market has been dragged by five six seven stocks period
the end, over the last twenty four plus months.
Speaker 2 (18:47):
The end, no arguments. The data is the data. Here's
the point.
Speaker 4 (18:51):
These firms are mortified because they don't know where they're
going to get revenue from these Wall Street big behemoth
banks have no idea where they're gonna get the revenue from.
Because despite sending out every talking head about broadening, and
here come the microcaps and oh boy, we got some
emerging market dat you might want to look at, nobody
(19:14):
gives a rat's patuit, okay, meaning customers, they don't give
a rats patuit? So what are they gonna do with Michael?
They turn back the clock, right.
Speaker 2 (19:24):
Because people have short memories how these things exploded and lost.
Speaker 4 (19:30):
Everyone's correct, because how these are gonna be marketed is
no different than how they were marketed fifteen years ago.
CD alternative. When you hear the terms, and we've said
this on these airs so many times, right right right,
Mike Cash alternative, CD alternative, Ron don't walk. And that's
what I think Mike is motivating. Here, see a lot
(19:52):
more of it.
Speaker 2 (19:52):
So if I'm gonna buy three stocks dan who don't
pay dividends, and this investment company is going to package
them together for me and then pay me almost a
seventeen and a half percent annual interest rate, awsome. I
don't understand. How can I take three stocks that don't
pay dividends and give you a seventeen point four percent
(20:16):
annual dividend. The answer is they're not going to They
might for the first question, no, and you know what happened,
and then when they stop, you try to get your
money back and you can't.
Speaker 4 (20:26):
Michael and I had the pleasure when MICHAELA I met
many moons ago, we had the pleasure of serving at
the institution again as big as it gets in terms
of megacenter, multi bank, whatever you want to call it. Right,
they literally invented these.
Speaker 2 (20:42):
They invented these.
Speaker 4 (20:43):
It was either they or society general that you would
give the credit to for inventing these products. And it
was so eye opening because no one knew at the
end of the day when these products Mike's point, when
they didn't work, When you didn't hit your barrier suppression,
(21:03):
drop in date, target, whatever these terms, right, when you
didn't hit that, no one knew what the investor was
gonna get in return. And you know what they are
I can answer. I can answer they got squanto or
or and or stock. There was worse seventy five percent
less than the principal value they put in and it
was a tax play.
Speaker 2 (21:22):
That's the answer.
Speaker 4 (21:23):
Happy holiday is everyone, grab you grab your DoD is. Guys,
we're giving you the real deal here.
Speaker 2 (21:29):
We're giving it.
Speaker 4 (21:29):
We're giving you something you can touch and field. DoD
Version two point zero guys, go right to what to
do when a loved one dies. When you get your
dood version two point zero, you just have to let
us know www dot Madison Managers dot com, use the textbox,
use the textbox, and just let us know how many copies,
how we get them to you.
Speaker 2 (21:49):
We'll see right back.
Speaker 3 (21:51):
You are about to experience the planning for prosperity show.
It's three two.
Speaker 5 (21:58):
Yam George George Michael and George George Michael, and that
the other guy in the band I think passed away.
Speaker 4 (22:15):
Happy weekend everyone, Happy Holidays, Harry Christmas, Happy Honica, Happy Kwanza,
Mary Kwanza, whatever, it's maybe Happy sat Nicholas. Whatever we're missing.
Speaker 2 (22:27):
I'm sure there's another one. Is it Arbor Day?
Speaker 4 (22:30):
Whatever day it is, you ready for this transition, Managing
director Michael Brown.
Speaker 2 (22:34):
I'm Dan Plansky.
Speaker 4 (22:35):
Whatever day it is, it's a good day to order
your free d o D version two point zero from
us here at Madison Wealth.
Speaker 2 (22:43):
Okay, Oh I like it. I like how you just
went into that soothing like I wanted very white.
Speaker 4 (22:50):
Yeah, we're going to soothe this under the We're gonna
soothe this under the Christmas tree. Everyone, No, in all serious,
just guys, Section one, version one, whatever you want to
call it, what we call it Mike's Segment one, if
you will. When we talked about this, yes, I came
to a realization. And those of you have been on
the cruise ship for a long time, you know that
forever and five days I found that the estate planning timeline,
(23:16):
which is housed within DoD version two point zero, that
we want you to get your free copies of.
Speaker 2 (23:20):
Okay.
Speaker 4 (23:21):
I felt that that was the singular most valuable white paper.
Speaker 2 (23:26):
Wrong, I'm wrong.
Speaker 4 (23:27):
I'll raise my hand and s I'm wrong. I I
you and you guys that know me, you know I
will say when I'm wrong. Okay, here's the point. Because
there's a white paper that used to be one of
Michael's favorites and still is one of his favorites. Okay,
it's called what to Do when a Loved One Dies?
And it's also again, guys, point is this, it's also
within d D version two point zero, okay, that we
(23:48):
want you to get your free copy and copies of
right now. Okay, the point is this, Mike, I think
it's more valuable to a broader swath of us, I
really do. I think I think it's more about because
truth be told, every single one of us is going
to have a loved one pass away by definition, and
so are we and we're all we're all going one,
(24:10):
one hundred and twenty percent. That's what makes this so
valuable because in a time where in the best of circumstances,
it's going to be frazzled chaos, right in a time
we're at best best case.
Speaker 2 (24:23):
Because if you're you're the child, uh mother, the father,
the spouse, you're already an emotional dire strain. Absolutely now
they have to be Sherlock Holmes and try to find
these things. It's a it's a heavy lift.
Speaker 4 (24:37):
Keep it simple, guys. Request your d D version two
point zero right now. That's the easiest way to do it.
Www dot Madison Managers dot com. Use any of the textboxes.
Just let us know, hey, one copy on two copies
sample ut that way, they're free. We ship them to
you free. Just let us know how to get them
to And the first thing I want you to do.
I want you to thumb to what to do when
(24:59):
a one dies, and you'll say, jeez, that d D.
These these guys are onto something over there at Madison.
After you read it, you know that makes sense.
Speaker 2 (25:07):
Yeah, No, and and and Mike and again. Guys.
Speaker 4 (25:10):
You know us, we never ever, ever, and we intentionally
do this because we want our work, we want our ideas.
Speaker 2 (25:17):
We want what we bring to you to separate us.
We don't.
Speaker 4 (25:21):
We don't put down other institutions. We don't say, oh,
this firm is no good because of X y Z.
What we do say is this, though they're definitely definitely
is a lack of educational material out there for you,
(25:42):
You the investor, right, you the customer when you are
at the big box super bank. When it comes to
estate planning, must dos. Notice I didn't say it should dos.
Notice that just say you should think about must do's.
It ain't there, guys, it t ain't there. Let us
fill the gap.
Speaker 2 (26:01):
It's that simple. You know we're going to start including
when we do DoD three point zero. We have to
be more sensitive to taxation, I think now and going
forward more than ever. So I went to our friends
an FP pathfinder, And I said, is there again a
consumer grade, user friendly way graphically to show people on
(26:25):
their investments what's tax at a federal level, state level? Right?
What is going to be subjected to the net investment
income tax it's called the n niky. What is going
to be dangerous to my adjusted gross income from my
overall tax perspective? And we broke it down from taxbile accounts, WROTH,
(26:47):
traditional I arrays, non qualified annuities HSAS five twenty nine,
rental properties, and it is taking a very very complex
subject in making it visually easy to consume. Now Here
is what my real question was. Because if you've been
a good saver suit of your money, at some point,
(27:10):
you're gonna start consuming that money, right retirement, pre retirement,
gifting the kids, whatever it may be. Do you know
that almost every type of investment taxbile accounts, I raise,
whatever the case may be, when you start to consume
your hard earned savings, they're all subjected to the net
investment income tax penalty. They all adjust your gross income
(27:35):
higher to pay more ordinary income tax, all of them.
And once you look at this, you're gonna be upset.
You're gonna say, what in the world can I do
to be more tax efficient? Because this is nonsensical and
with this is available for all listeners. Just call and
say I want the taxation Guide. You're you're gonna get
(27:58):
upset when you look at it because they basically just
put a check mark in a box. Am I gonna
get hit with federal state or the n I t
early withdraw all penalties? And you can see across the
board there are no real easy spots anymore. You have
to have the correct type of investment in the correct
type of investment account. Wait a minute, troops, is this
(28:20):
the final segment?
Speaker 1 (28:21):
No?
Speaker 2 (28:22):
I think it's not.
Speaker 4 (28:23):
Okay, thank god, because I want to I I did
want to get to something as long.
Speaker 2 (28:27):
Well, let's do this. Did I put I put you
to sleep?
Speaker 5 (28:29):
No?
Speaker 4 (28:30):
No, no, no, because I need to ask you this, Mike,
And again, guys, this is you.
Speaker 2 (28:34):
Guys know this.
Speaker 4 (28:35):
This is an absolute treat and it's it's a privilege
to have Michael Brown on these airs. Now I think
it's a privilege to have me on these airs for
of course. But but okay, when we talk about the initiator,
the pioneer, right, and we all know it's tough to
be a pioneer. Right, Pioneers get shot in the back
with arrows, as they said, or they get blooded walking
(28:56):
in right. The point is this, Mike is the pioneer
with respect to bringing what we call Pillar four and
Pillar five type vehicles to you. Okay, in this area.
I can't speak to Palo Alto, California. I have no idea.
I know this area pretty well. Mike is the man
when it comes to this. Mike is the guru when
(29:19):
it comes to this. My opinion, my opinion only. I'm
allowed to have opinions, and you want me to have opinions.
And that's why you're listening.
Speaker 2 (29:26):
Mike.
Speaker 4 (29:26):
I want you to educate really quickly, because I sat
down with a lovely woman who's going to become a
Madison Madison manager's client. Okay, this past week, tell us
what Pillar five is. Because remember how we talked about this,
how I mentioned this last week. I think there's a shift.
People are starting to ask about Pillar five. Tell us
in the simplest terms, what is Pillar five to you?
(29:46):
What do I get as an investor?
Speaker 2 (29:48):
What is it? So we just talked about taxes number one,
I get tax deferral number two. I am going to
get right now, right, it's subject to change in the future.
Right now, I can at worst case scenario annually get
a three percent return. Now that is compounded, correct, compounded
(30:10):
annually and in and it's a term similar to it's
a short term. Give it as a bond, give it
as a CD. I can't go out ten years, correct,
you have a fun you have a finite time period.
It's a short time frame, and you're gonna earn minimum, right,
Mike minimum. And this is factual, we can speak to it.
It's three percent right now now. But if the stock market,
(30:31):
whatever flavor market you like, if the market does better
than that three percent, you can make more money. Yes,
but if the market goes down ten, twenty, thirty forty percent,
you still get three percent return. This is so it's
a principle protected. This is boring, right, this is the
safe money. And this is a way too. I'm avoiding
(30:53):
federal tax, state tax, the net investment income tax. It's
not pushing my justin gross income higher. You put me
in a higher tax bracket and I can't lose.
Speaker 4 (31:04):
And that's the key make because in a worst case scenario,
this is defined outcome, right, and the defined outcome is
pretty darn good. Now now, no, no, here comes the question,
Here comes the high level question. Okay, it's a fast ball,
so it's not gonna be a softball, but it's gonna
be a fastball to you.
Speaker 2 (31:21):
Sure, But here's a question.
Speaker 4 (31:25):
In two days, day and age today, right today, December
whatever it is, twenty twenty four, can you think of
a reason if I'm an investor other than the only
thing that I can think of is a doomsday scenario, which, guys,
we don't play that game. There is no way to
invest for doomsday, complete doomsday scenarios, because when it goes,
(31:46):
it'll only go black ones.
Speaker 2 (31:47):
Make no mistake. If you really are expecting a doomsday scenario,
your investments should be something called ammunition. Absolutely don't. So
let's not go there. Let's not go there.
Speaker 4 (31:56):
Is there any reason why I should choose a traditional
fixed annuity from provider XYZ, BBC, Joe YZ whatever over
pillar five? Can you think of one? Because I, in
conversation was racking my brain again.
Speaker 2 (32:17):
I cannot, I cannot I them u because the old
fixed annuities, those are nineteen fifty seven chevies and they
served a purpose when they were the only name game
in town. But as things have improved and people have
realized I want more than that fix rate. I want
a chance to make five, six, seven, eight percent, whatever
(32:38):
that may be. This is the chassis of a fixed annuity.
Well done, but now we have the ability to make
enhancement two to two and a half three times.
Speaker 4 (32:47):
Then correct, correct, Mike, And that's what And again that's
how the question was put to me, Mike. And again,
you know who you are. You be joining that, You're
gonna be joining us on the cruise ship very very shortly, Mike.
I can't think of any reasoning again outside of true
dooms die. And you'd have to believe that in a
doomsday scenario, a state agency was money good in a
(33:11):
true doomsday scenario, Right, you'd have to believe in that. Okay, yep,
that's the only way. And again we don't discuss that
because there's no point. It's a waste of it's a
waste of everyone's time talking about the blackout scenario in
a world where we're trying to maximize your rate of
return per unit of risk that you're willing to accept you,
not me?
Speaker 2 (33:30):
You right, pillar think you about this? Do I want
to go get a CD at the bank. We're not
gonna get comparable interest to this, and then pay federal
state income tax plus the net investment income tax. What's
my real yield after tax? When they're getting me every year,
you've got to push the taxes out until you're in
(33:50):
a lower rack.
Speaker 4 (33:51):
Absolutely, guys, Pillar five. In the meantime, do D version
two point zero grab your.
Speaker 3 (34:00):
Are about to experience the Planning for Prosperity show in
three two.
Speaker 2 (34:06):
Er. Bah right, I got it where I carry right? Yeah?
I mean she basically comes out of a vault Christmas
on Halloween.
Speaker 4 (34:24):
Michael Brown, manage director Michael Brown, Madison Walk Managers planning
for Prosperity Radio Hour.
Speaker 2 (34:30):
Welcome BeBoard the cruise ship. As we love to say,
here's a beef that I have.
Speaker 4 (34:35):
Why when I name the artist immediately is mister producer
so slow to recognize it and give me the nod?
Speaker 2 (34:42):
And when you hit it, he's always right away.
Speaker 4 (34:44):
He's jumping over the table at you, like congratulating you,
high fiving.
Speaker 2 (34:48):
You well because I get a lot more correct. This
is such garbage.
Speaker 4 (34:52):
Every called batting average, This your favorite is garbage everyone.
Speaker 2 (34:57):
Mister producer what do you say about baseball?
Speaker 4 (34:59):
It's an orbit stick, It's an orb and a stick,
and it always it always will it forever will be.
Speaker 2 (35:05):
Well, you know this guy who swings a stick at
the orb. I just went to the Mets seven and
sixty five million dollars. Instead of setting my kids at college,
I should have set them.
Speaker 4 (35:14):
To a bad We can't even, I won't even, I
will not. I will not even get into that, as
there are so many pathways to go down that would
lead us. It would lead us back to ESPN radio,
Michael Aware.
Speaker 2 (35:29):
No one even remembers how we did that. How they do.
Of course they do, Michael, of course they do. Guys.
Speaker 4 (35:36):
Again, the biggest piece of news this week, I think,
and not to make this about me, but to make
it about me.
Speaker 2 (35:43):
Okay, I like that. Enough about me, let's talk about me,
let's taware.
Speaker 4 (35:47):
The point is this, guys, I realized in a real
world conversation with what turned into a perspective client. I
realized this very quickly. I've been wrong, okay, in that
I've always suggested that my favorite white paper. And again, guys,
preface this by saying, both of these white papers are
in D O D version to Plano. I've always thought
the most valuable to you, the most necessary for you,
(36:11):
if you will, was the estate planning timeline. I still
believe it is incredibly valuable. It's it's invaluable. That's okay, right, invaluable.
My point is this, I came to a very real
world realization though, that the white paper entitled what to
Do When a Loved One Dies is absolutely necessary for
(36:34):
each and every one of us, period the end, the end.
That's it, because we're all going to experience it. And
it's not only not Mike, but it's filling a gap
that isn't there.
Speaker 2 (36:43):
And we were talking about this Dan a year and
a half ago. I'm not sure, and that was before
this meteoric rise of alternative intelligence, not just for the
good but driving the bad actors as well. Sure, these
guys in their algorithms, they know before your loved ones
(37:06):
do that someone has passed away, and they're knocking at
the door to steal the information. Yeah, and the crooks
are getting very very good. And that's a sad thing
to say. And Mike, here's the key, though, guys, and
this is why we say it. And again, guys, it's
free there's no reason not to catch your copies of
d D version two point zero www. Dot Madison Managers
(37:27):
dot com. I think the biggest hurdle is how do
you do it? Just literally use one of the textboxes there.
Let us know how, we get it to you and
we get it out. Easy.
Speaker 4 (37:36):
Please if you want to leave a phone number, whatever,
it is, easy, easy, easy please. It's that simple. There's
no charge, there's no anything, there's no shipping. The point
is this, what to do when a loved one dies
is a checklist essentially, right, It's a checklist you better check,
everybody you better check. And that's the key, Mike. And
that's where there isn't any education out there right now.
(37:59):
That was my blood spot, that key, because it's not
profitable for anyone.
Speaker 2 (38:03):
To do one's that's the key, Mike. No master cards
going to come out and do this.
Speaker 4 (38:08):
Visa JP Morgan Box, super bank investment house, super investment.
Speaker 2 (38:14):
House, who sells the promissory promis structure. That is complete
hocus post.
Speaker 4 (38:20):
There's nothing You're right, Mic, there's no there's no meat
there for them. And the reality the reality is is,
I hate to say this, but the more educated you are,
the less likely you are to utilize those such structures.
Speaker 2 (38:35):
That is correct? Correct? Wait, wait quick one. I love
Madison Nation because they call with real questions. And the
question was you, guys, gentlemen asked, without question worked for
a major fortune five hundred company contributed to his four
oh one K, but contributed more than what the I
(38:56):
R S allows. So it's called an after tax contribution. Yep.
And he says, what should I do with this money
for my kiddos? Should I just keep it after tax?
I want to buy some dividends and some interesting come
blah blah blah. And I said, well, why don't we
just put that in a rath iray? You've already paid
the tax, He said, I don't understand. He said, if
(39:19):
we just take the money and we buy stocks, bonds,
whatever it may be, you're going to have let's see
federal tax, state tax, that investment income tax, it's going
to increase their adjusted gross income. We put that in
a raw diray. You own the same investments, or maybe
we own the same investments, but we put protection on it.
There is no taxation because the growth on that raw
(39:41):
ira is tax free. Oh.
Speaker 4 (39:43):
Absolutely no, it's not a fair fight. It's a terrific strategy.
And you guys, know, you guys who have sat down,
especially when it's Mike and myself and you sit down
with the two of us and we've got differing angles.
I would cite different.
Speaker 2 (39:59):
Preference, is different personality. Yeah, no, no, no, And it's
it's not just that, Mike, because you might I say,
you say you.
Speaker 4 (40:10):
The point is this, guys, I will, if given my
drothers and Michael knowses, if there is one of our
pillars that we speak about for those of you and newbies,
we favor four pillars of investing to be placed under
your investment buffet, if you will. Okay, most of the
wirehouse super centers they will talk about one pillar. We
(40:31):
talk about four. Now in special times there's a pillar five. Okay,
so we will edge, and now is one of those times. Yes,
And here's the point. We will educate on all of
the pillars, and then you will choose.
Speaker 2 (40:43):
You'll choose.
Speaker 4 (40:43):
You will say, hey, Dan, I really like pillar three,
I really like pillar four. I really pillar two. How
do I meet my needs?
Speaker 2 (40:48):
Right?
Speaker 4 (40:48):
We're solving for a problem. Now here's my point.
Speaker 2 (40:52):
I will most likely in.
Speaker 4 (40:55):
Most instances lean towards pillar two, which is again personalized
pension guaranteed which you're all right, guaranteed income whatever you
want to call it. Okay, that's the pillar that I
will lean towards naturally, Okay, because I believe in the
power of that check and the confidence in having that
check showing up in your mailbox each month, each year,
(41:17):
whatever you choose it to be. Okay, when you retire,
Michael and.
Speaker 2 (41:21):
Go back, then the customer what retains control of their money, yeah,
and they control their taxis oh absolutely.
Speaker 4 (41:28):
And here's here's my point, though, Mike, is that you
typically will lean towards pillar four because that's your baby.
That's your baby, and it's what I would I would
term maybe more I don't want to say it's more conservative,
because it's not more conservative. But what it does is
(41:48):
it gets you in the fight, right, it gets you
in the market fight. But you understand what's underneath you
in terms of you have protections underneath you, and you
can have different amounts. You're different time for me exactly.
You can move the levers.
Speaker 2 (42:03):
I just like it because it's not Dan. You walk in,
I sell you one of these crazy structured note things
which we would never do. But there's no more interaction
between us. It's over until your money probably goes by right.
Pillar four allows us to have the protections, but we
(42:23):
still have engagement as the client. We still get to
talk about things. We still get to say, I want
to make a change, whatever I mean, the investment, the time,
for the amount of protection. You are not being warehoused.
I think that's my point.
Speaker 4 (42:36):
Yeah, And here's where I was going with this mic,
because you brought up the roth high rag. We talk
about now as being the time right and again it's
maybe a little bit post peak here, but you want
to take advantage now whilst yields, whilst interest rates are
still again historically high relative to the last twenty five
years on this planet. Okay, take advantage now. The point
(43:00):
is this, we've begun with so many of you starting
your wroth iras in pillar two right, where you're locking
in this temporarily right, temporarily higher rate right relative to
the history, and it's going lower some And here's the point,
it's going lower. You lock in it today, lock in
(43:21):
today's right, you're in the club. And then guess what
we do next year when we do your wrath we
add to that at at the higher rate, the higher rate,
all WASP being in mother market, all WASP being growthy growth.
If you want to be growthy, we're owth valuating value
in the middle, whatever you want to be. Here's my point, Mike,
what's more powerful at the end of the day, you
(43:43):
do this for a decade, what's more powerful than a
tax free, guaranteed stream of income at an interest rate
where you're going to look back and say, how did
those boys, how did they find that rate?
Speaker 2 (43:56):
Well, the thing is we're not just looking at this,
you know, in a microscopic way. The European Central Bank Dan,
I don't know if people realize this. They just lowered
interestates again for the third time this year. Oh, I
think the Swiss is cut by fifty bases points.
Speaker 4 (44:13):
So we are.
Speaker 2 (44:14):
Always a little late to the party, we being the
United States of America. But it's coming. So I don't
know if you have a month, two months, six months,
I don't know what the time ever it is. But
these things are going TikTok. It's time to start educating
yourself on them today. As that's the key. That's the key.
Speaker 4 (44:32):
So the point here, guys is there's so many ways.
There's so many ways to get started, there's so many
ways to get your feet wet.
Speaker 2 (44:40):
Here.
Speaker 4 (44:40):
We always talk about you know, you got the old
four oh and k the old I wray you're paying
no attention to it. What is the one item where again,
if I fallen asleep for ten years on a particular investment, right,
what is the most logical, most natural way to feel
us out at Madison? It's a pillar three type investment, right,
(45:03):
especially Pillar three version two point zero, Where again, I
can go for it. Right, You've already shown us you
really didn't care about this particular investment.
Speaker 2 (45:12):
And that's okay, that's totally okay. It happens to all
of us. Right.
Speaker 4 (45:16):
But but I can pick to be a growth investor
with some of the best, highest rated growth managers in
the world and put one hundred percent protection under my principle. Yes,
you heard that, right, That's the most natural to me
in that instance, Mike.
Speaker 2 (45:34):
Right. The thing is people listening. You might be driving
in your car saying I don't know what the pillar
two three, It doesn't matter, Come on and we'll just
show it.
Speaker 4 (45:44):
Absolutely, guys. Best way to start DoD version two point
zero sample it. It's a freebie. Guys again, again again.
What to do when a loved one dies is in there?
Grab it right now, It's free. Easiest way use the textboxes.
Guys on the www. Dot Madison
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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
Madicsine 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.
Speaker 2 (00:35):
Or Osaic Advisors.
Speaker 1 (00:36):
Information in this illustration has been obtained from sources believed
to be reliable and 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
(00:58):
indication of future results. Investment involve risk and the possible
loss of principle.
Speaker 3 (01:04):
You are about to experience the planning for prosperity show
in three wait.
Speaker 2 (01:19):
I gotta hear it. It might be Frank, it's the
most wonderful with the kids jingle belling. Come on, you
should have gotten that this has been covered by every
crooner in the history of time.
Speaker 4 (01:39):
I know, but your sensitivities should have picked up on this.
Perhaps Happy weekend everyone, Happy holidays in yep, we roll
through and Daniel Planski Michael Brown, Managing Director, Michael Brown,
so proud to be a Madison Wealth Managers.
Speaker 2 (01:56):
Welcome aboard the cruise grip.
Speaker 4 (01:58):
And please and thank you, please and thank you because
you know where I'm going with this, Michael, I am
saying thank you to so many of you nubies last week,
newbies and good friends of ours. Right friends, we are
already on the cruise ship. You guys are making your
way through the latest stackola of DoD version two point zeros.
Speaker 2 (02:21):
And you know why I like it, Dan, because everybody
can have the excuse right now of what the holidays
are so busy? Yeah, my least favorite word. Yeah, these
people are saying, wait a minute, there might be a
couple of things I can do before year end. Yeah,
that would be considerable. That would be very beneficial to
(02:43):
my family, to those people. You put busy aside and
you were effective.
Speaker 4 (02:48):
Hey, you know what, Michael, you know what came up
and I was having a conversation.
Speaker 2 (02:53):
I helped. It wasn't my attire.
Speaker 4 (02:55):
No, you're ready for this. It was a meeting with
a client. And you're listening right now. You know who
you are. And you actually brought a friend. There's a
friend at the meeting show we call it a prospect,
if you will, And this friend had an advisor, if
you will, And the friend was asking a lot of
(03:18):
questions that you know where they'd be covered, Michael in
a white paper that is one of your favorites within
the do DA a multiple It's just two pages. I
explained what it is, bullet point consumer grade. You actually
(03:40):
want to read it and be educated. You know where
these questions where the answers would be found, Michael.
Speaker 2 (03:45):
The twelve estate planning musters.
Speaker 4 (03:48):
Very close what to do when a loved one dies?
Speaker 2 (03:53):
We are that's still.
Speaker 4 (03:56):
No planning time with Michael that's yours. That's the one
where we've got the twenty or thirty items where truly,
even if you were a financial planner, you would never
think of these items.
Speaker 2 (04:08):
And a lot of it has to do with, unfortunately
the world we live in, identity theft. Oh, this is
where scammers, the schemers how to avoid credit cards knowing
anything happened. Because I don't know when this started. Dan,
funeral homes are now alerting not just Social Security, Medicare,
(04:32):
et cetera, but financial institutions when someone dies. I don't
know when they became able to do so that information
just pop. It's out there. Yeah, and the bad guys
are much better than the good guys at getting in well.
Speaker 4 (04:45):
And here's where I'm going with this mic because again
I think this may be my blind spot because as
much as I like to think everyone wants to get
their hands on the estate planning timeline, which is my favorite.
Speaker 2 (04:59):
Guys.
Speaker 4 (04:59):
Both these again in summary, both of these documents are
in d D version two point zero. So we're basically saying,
just get DoD version two point zero and your needs
will be met. Thumb through it, you'll get both of
these documents. They are in here, Okay, My point is this, Mike,
here's my personal blind spot in that I think the
(05:23):
white paper, when we talk about what to do when
a loved one dies, I'm now thinking that might be
more valuable than the estate planning timeline.
Speaker 2 (05:33):
Because here's why. Because that's that's step one and timeline
is two.
Speaker 4 (05:40):
And I think also, Mike, the estate planning timeline assumes
and this isn't going to sound right, but it's factual.
It's gonna sound bad, but it's factual. I think the
estate planning's timeline assumes a level of organization that that
may not exist, correct and that and that's the bottom line.
Speaker 2 (06:02):
But it'll help you get organized. Absolutely.
Speaker 4 (06:04):
Whereas whereas whereas what to do when a loved one dies?
That is each and every one of us we go,
We literally need that document and we need to go
check mark by check mark by check mark by check mark. Mike,
it's that important, guys. And it took this conversation, if
you will, for me to realize it. And now I've flipped.
Speaker 2 (06:28):
You'll love this.
Speaker 4 (06:29):
I flip my favorite documents. My favorite document is adapted
and changed.
Speaker 2 (06:34):
But Mike, I think it's so critical.
Speaker 4 (06:36):
And here I've been for a year, you know, pounding
the table on a state planning timeline, a state planning timeline,
when in reality, I think the more important document is
what to do when a loved one dies, I really do.
Speaker 2 (06:48):
I'll keep going backwards before that. You should have the
white paper, the twenty five documents need before you die.
That helps the organizational process.
Speaker 4 (06:59):
But I think, yeah, we all understand that. I agree
with you, I mean, I totally agree with it.
Speaker 2 (07:03):
Then, just to get up to speed, what do I
do when mom or dad or husband or wife pass away?
Right now? Now we know you're grieving, yeah, right, we
understand that the bad guys are not grieving their work's
And there you go, Mike, that and they're working to
steal money.
Speaker 4 (07:22):
And that was what started this conversation. What started this
conversation was exactly along those lines, Mike. So guys, again,
I'm gonna underline and again please and thank you. Firstly,
hey you to all of you guys who number one,
you're already on the cruise ship. Thank you to those
of you who have started sampling the work we do, right,
(07:45):
the work we do. If you want to know what
we do here at Madison to educate because that separates
us from the crowd. It's education, first period, first and foremost, first, second, third, fourth, fifth.
Please everybody, thank you. You did such a great job last week.
Let's do it right now. D O D version two
point zero. They are available right now. They are freebies.
(08:05):
They are bound.
Speaker 2 (08:06):
Guys.
Speaker 4 (08:06):
We say it half kiddingly, but it's so true. These
are built to last. Okay, this is not on a
piece of papment. No, no, no, no, guys, this this will
it'll it'll make a thud. It'll make a thud. However,
unlike many documents that do make a thud, this is
this is consumable, right. It's consumable in that you find
(08:27):
out what documents you want to read, right, where do
you want to brush up, what's helpful, and you'll consume
those in bullet point format.
Speaker 2 (08:34):
Right, and you'll enjoy it. So, Dan, you know, a
couple of days this week, I had to go down
to New York City and Long Island and A it's underwater,
and B the infrastructure is so poor. But I believe
the d D could actually survive along with the cockroaches
in New York City. So get the d D two
(08:55):
point zero now, I know we have to go to
break but I want to make an observation when I
was in the more populated areas Long Island, New York City.
In my opinion, it's a social experiment that went very,
very wrong. There's too many people on the planet down there,
there's too many cars. Infrastructure is crumbling. I hope I
(09:19):
never go there again, because when you're getting two inches
of rain in a day and the infrastructure is crumbling,
water is coming out from under the earth like a
sci fi movie, and a three lane road becomes a
two lane road because you can't be in the right
hand lane. So the reason I say that we're gonna
tee up in the next segment a guide to some
(09:40):
taxation things you can do for the rest of the
year into next year. Here's it in my opinion. And
as you say, Dan, we're allowed to have opinions. You
couldn't give me a New York City municipal bond. They
cannot even fix their roads. How are they going to
pay interest on this debt that is burying them. I'm
(10:00):
a country mouse. Everybody knows that, and I'm negative. It
was scary.
Speaker 4 (10:04):
There are a lot of people who are not in
disagreement with you, Michael. With that said, guys, great job
grabbing dood version two point zero. Again, I'm going to say,
if for no other reason, grab it for our white
paper what to do when a loved one dies. Guys,
this is a checklist. We all need this one, and
I was wrong on that, So grab it. Let's get
(10:26):
it easiest way www dot Madison Managers dot com. Use
one of the tax boxes and just let us know. Hey,
I want one copy, I want two copies, and how
we can be in touch. How can we get it
to you? We'll see right back.
Speaker 3 (10:39):
You are about to experience the planning for Prosperity Show
and three two.
Speaker 4 (10:49):
Let's beginning.
Speaker 2 (10:52):
Oh you you will always get this, Michael.
Speaker 4 (10:57):
Does.
Speaker 2 (10:57):
He does a great Christmas show.
Speaker 4 (11:00):
Happy Holidays, Very Christmas, A happy Quanta mart the Mother
Happy Happy.
Speaker 2 (11:09):
It's a holiday theme here. Apparently I'm gonna make you
unhappy in about one minute. I can't wait.
Speaker 4 (11:14):
Politic for Prosperity Radio. How everyone welcome a board the
cruise ship. You guys, again, you've been great on ordering
your do d version two point zeros. We just got
We just got a fresh, fresh stack that came off
of the the semi the rig if you will, and
we're going to need some bard.
Speaker 2 (11:30):
I love it.
Speaker 4 (11:30):
That caused like a lot of buddy, So guys, please
keep ordering your copies.
Speaker 2 (11:34):
Again.
Speaker 4 (11:35):
I told the story first segment where after long thought
and evaluation, I have changed my favorite must have document
that's again within doo D version to buenos So in
other words, guys are both indo D version too. My
favorite forever, forever, forever has been the executor timeline. Not anymore, okay,
(12:02):
And it's not that it's not critically important.
Speaker 2 (12:04):
It is.
Speaker 4 (12:04):
Again, it's as good as it gets, guys. The document
entitled what to Do when a loved One Dies is
simply you must have. It's not optional. It's not optional
because the more I think about it, it is twenty
or thirty items that not even your favorite financial planner, right,
(12:25):
and that's how this conversation came up. Your favorite financial
planner will ever ever give you this list. It's not
going to happen, Okay, and Dan.
Speaker 2 (12:36):
It's not that people in our business don't care, but
when you're paid to do, when you're a general practitioner,
they can't. You don't have the firepower to do these things.
You can't do it exactly. You need all the background
and they don't get any kikolaides, but they do the.
Speaker 4 (12:51):
Heavy lift absolutely right, guys, So let us let us
get you the document. The easiest way is do d
version two point zero. It all comes down. You can
have it all free, free, free, that's the key. Free
for the holidays, free for July, whatever it happens to be. Guys,
we know you're gonna have friends, family, And this was
a case where a friend was around. A friend was
(13:12):
around and just started talking. You know, her husband had
passed et cetera, et cetera, and a lot Mike to
your point, a lot of her questions weren't being answered
by the do it all general practition, you know.
Speaker 2 (13:26):
The old school county doctor yes, who did it all?
Speaker 4 (13:29):
One hundred percent? They weren't getting answered. I said, I
have the solution for you, and here it is.
Speaker 2 (13:36):
Guys.
Speaker 4 (13:36):
You guys who are on the cruise ship right now,
you're listening.
Speaker 2 (13:40):
You love it. We love that you're listening. We love
that you love it.
Speaker 4 (13:43):
Okay, DoD version two point zero. Let us know the
easiest way www dot Madison Managers dot com. Use any
one of the tax boxes simply put, let us know
you want copies, how we get them to you. It's
all all free. So it's that simple guy. So please,
(14:03):
I suggest you do it right now, only because that's
how I work. If I don't do it right away,
it probably something else is gonna jump in there. So again,
do you d version two point zero what to do
when a loved one dies? Thumb right to it? Okay,
that's the first thing I want you.
Speaker 2 (14:18):
To check out in there? All right. So this is
gonna be one of my favorite segments because I get
to put some coal in dan stocking right now. He
does not know this is coming. This was sent to
me by a client and an advisor is trying to
pitch a product to this person structured. Yes, but I
(14:41):
want to I want to give you a couple of
tidbits because these things are coming back in a big way.
It's toxic and b it means the pendulum. In my opinion,
Dan has swung from people being fearful of losing money
to being greedy to wanting more, and that oftentimes is
(15:03):
a prelude to not great market condition.
Speaker 4 (15:05):
I think it's more than that, Mike, and let I'll
fire back. Can you tell me, so, Dan, have you
heard of this new thing. It's called a Phoenix memory share.
Speaker 2 (15:14):
Okay, all right, wait, wait, wait, just just bear with
me that Dan's already having a heart attack. It's called
the structured product in involving derivatives. Now is being offered
pursue it to an exemption from registration under the US
Securities Act. So you can't sell this thing in anywhere
in Europe. And yet, Dan, I'm just getting you a
(15:37):
couple of notes. It's on the Vienna Stock Exchange, but
you can't sell it in Europe. It has a seventeen
point three five percent coupon, meaning income. That's awesome. It's
based on three securities stocks whose yields are zero. Okay, now,
(15:57):
so they sent me the actual prospectus. I don't even
know what these things mean. I've been doing this for
thirty two years. There's something called a reference item, knock
in determination day, A knock in day, I don't even
know what that means. A strike date on the knock
in determination day. Wait, I gotta keep going because it
(16:20):
just blows me away. What's a barrier count condition? I
remember the barrier stuff? I do remember that. What is
a coupon barrier value? What is the sum rate of interest?
And as you're going through these things, I just start
giggling and I'm like, wait a minute. Now, there's about
thirty eight pages of disclosures called important notices. Now, which
(16:44):
is your red flags what you should be nervous about. Well,
there are selling restrictions, risk factors, conditions of the notes.
I don't even know what this is. And it's out
of a Spanish bank. This is coming from a law
large big box investment company.
Speaker 4 (17:03):
I'm gonna take it one step further.
Speaker 2 (17:04):
Mic, And I started sweating reading these things.
Speaker 4 (17:07):
Can I take it one step further? MinC in that
I think this is the issue everyone. You know, we
made a call over two years ago and it was
very bold at the time, okay, where we talked about
the big growth bohamos out there. You call them whatever
you want, but they were called toilet water at the time.
Speaker 2 (17:25):
Okay.
Speaker 4 (17:26):
They were as hated of equities as we've ever seen. Okay,
And we said it didn't really make much sense to
us when you actually got out the pencil and the
pad and actually did the work, which no one does anymore.
So I will go so far and again, listen, we
have opinions. The call was made on the air. It
(17:47):
was one of the greater calls you will ever hear
on local errors, national airs, any airs, because not only
did we make the call, the timing was right. We
told you how to do it. Okay, we told you
how to do it. Now, you know what I think, Mike,
I think after a multi year sensational rally in these names,
(18:08):
you know what I think. I think these firms are
getting scared because they realize that when you have such
tremendous outperformance and such interest now late in the day, right, Mike,
late in the day, in a handful of names, literally,
a handful of names, everyone, a handful of names, and
(18:30):
we could all you can listen to these fibers online,
these talking heads on airs. You listen these fibbers talking
about broad in it.
Speaker 2 (18:37):
It's a lie.
Speaker 4 (18:37):
The data doesn't show that, Okay, the data shows this
market has been dragged by five six seven stocks period
the end, over the last twenty four plus months.
Speaker 2 (18:47):
The end, no arguments. The data is the data. Here's
the point.
Speaker 4 (18:51):
These firms are mortified because they don't know where they're
going to get revenue from these Wall Street big behemoth
banks have no idea where they're gonna get the revenue from.
Because despite sending out every talking head about broadening, and
here come the microcaps and oh boy, we got some
emerging market dat you might want to look at, nobody
(19:14):
gives a rat's patuit, okay, meaning customers, they don't give
a rats patuit? So what are they gonna do with Michael?
They turn back the clock, right.
Speaker 2 (19:24):
Because people have short memories how these things exploded and lost.
Speaker 4 (19:30):
Everyone's correct, because how these are gonna be marketed is
no different than how they were marketed fifteen years ago.
CD alternative. When you hear the terms, and we've said
this on these airs so many times, right right right,
Mike Cash alternative, CD alternative, Ron don't walk. And that's
what I think Mike is motivating. Here, see a lot
(19:52):
more of it.
Speaker 2 (19:52):
So if I'm gonna buy three stocks dan who don't
pay dividends, and this investment company is going to package
them together for me and then pay me almost a
seventeen and a half percent annual interest rate, awsome. I
don't understand. How can I take three stocks that don't
pay dividends and give you a seventeen point four percent
(20:16):
annual dividend. The answer is they're not going to They
might for the first question, no, and you know what happened,
and then when they stop, you try to get your
money back and you can't.
Speaker 4 (20:26):
Michael and I had the pleasure when MICHAELA I met
many moons ago, we had the pleasure of serving at
the institution again as big as it gets in terms
of megacenter, multi bank, whatever you want to call it. Right,
they literally invented these.
Speaker 2 (20:42):
They invented these.
Speaker 4 (20:43):
It was either they or society general that you would
give the credit to for inventing these products. And it
was so eye opening because no one knew at the
end of the day when these products Mike's point, when
they didn't work, When you didn't hit your barrier suppression,
(21:03):
drop in date, target, whatever these terms, right, when you
didn't hit that, no one knew what the investor was
gonna get in return. And you know what they are
I can answer. I can answer they got squanto or
or and or stock. There was worse seventy five percent
less than the principal value they put in and it
was a tax play.
Speaker 2 (21:22):
That's the answer.
Speaker 4 (21:23):
Happy holiday is everyone, grab you grab your DoD is. Guys,
we're giving you the real deal here.
Speaker 2 (21:29):
We're giving it.
Speaker 4 (21:29):
We're giving you something you can touch and field. DoD
Version two point zero guys, go right to what to
do when a loved one dies. When you get your
dood version two point zero, you just have to let
us know www dot Madison Managers dot com, use the textbox,
use the textbox, and just let us know how many copies,
how we get them to you.
Speaker 2 (21:49):
We'll see right back.
Speaker 3 (21:51):
You are about to experience the planning for prosperity show.
It's three two.
Speaker 5 (21:58):
Yam George George Michael and George George Michael, and that
the other guy in the band I think passed away.
Speaker 4 (22:15):
Happy weekend everyone, Happy Holidays, Harry Christmas, Happy Honica, Happy Kwanza,
Mary Kwanza, whatever, it's maybe Happy sat Nicholas. Whatever we're missing.
Speaker 2 (22:27):
I'm sure there's another one. Is it Arbor Day?
Speaker 4 (22:30):
Whatever day it is, you ready for this transition, Managing
director Michael Brown.
Speaker 2 (22:34):
I'm Dan Plansky.
Speaker 4 (22:35):
Whatever day it is, it's a good day to order
your free d o D version two point zero from
us here at Madison Wealth.
Speaker 2 (22:43):
Okay, Oh I like it. I like how you just
went into that soothing like I wanted very white.
Speaker 4 (22:50):
Yeah, we're going to soothe this under the We're gonna
soothe this under the Christmas tree. Everyone, No, in all serious,
just guys, Section one, version one, whatever you want to
call it, what we call it Mike's Segment one, if
you will. When we talked about this, yes, I came
to a realization. And those of you have been on
the cruise ship for a long time, you know that
forever and five days I found that the estate planning timeline,
(23:16):
which is housed within DoD version two point zero, that
we want you to get your free copies of.
Speaker 2 (23:20):
Okay.
Speaker 4 (23:21):
I felt that that was the singular most valuable white paper.
Speaker 2 (23:26):
Wrong, I'm wrong.
Speaker 4 (23:27):
I'll raise my hand and s I'm wrong. I I
you and you guys that know me, you know I
will say when I'm wrong. Okay, here's the point. Because
there's a white paper that used to be one of
Michael's favorites and still is one of his favorites. Okay,
it's called what to Do when a Loved One Dies?
And it's also again, guys, point is this, it's also
within d D version two point zero, okay, that we
(23:48):
want you to get your free copy and copies of
right now. Okay, the point is this, Mike, I think
it's more valuable to a broader swath of us, I
really do. I think I think it's more about because
truth be told, every single one of us is going
to have a loved one pass away by definition, and
so are we and we're all we're all going one,
(24:10):
one hundred and twenty percent. That's what makes this so
valuable because in a time where in the best of circumstances,
it's going to be frazzled chaos, right in a time
we're at best best case.
Speaker 2 (24:23):
Because if you're you're the child, uh mother, the father,
the spouse, you're already an emotional dire strain. Absolutely now
they have to be Sherlock Holmes and try to find
these things. It's a it's a heavy lift.
Speaker 4 (24:37):
Keep it simple, guys. Request your d D version two
point zero right now. That's the easiest way to do it.
Www dot Madison Managers dot com. Use any of the textboxes.
Just let us know, hey, one copy on two copies
sample ut that way, they're free. We ship them to
you free. Just let us know how to get them
to And the first thing I want you to do.
I want you to thumb to what to do when
(24:59):
a one dies, and you'll say, jeez, that d D.
These these guys are onto something over there at Madison.
After you read it, you know that makes sense.
Speaker 2 (25:07):
Yeah, No, and and and Mike and again. Guys.
Speaker 4 (25:10):
You know us, we never ever, ever, and we intentionally
do this because we want our work, we want our ideas.
Speaker 2 (25:17):
We want what we bring to you to separate us.
We don't.
Speaker 4 (25:21):
We don't put down other institutions. We don't say, oh,
this firm is no good because of X y Z.
What we do say is this, though they're definitely definitely
is a lack of educational material out there for you,
(25:42):
You the investor, right, you the customer when you are
at the big box super bank. When it comes to
estate planning, must dos. Notice I didn't say it should dos.
Notice that just say you should think about must do's.
It ain't there, guys, it t ain't there. Let us
fill the gap.
Speaker 2 (26:01):
It's that simple. You know we're going to start including
when we do DoD three point zero. We have to
be more sensitive to taxation, I think now and going
forward more than ever. So I went to our friends
an FP pathfinder, And I said, is there again a
consumer grade, user friendly way graphically to show people on
(26:25):
their investments what's tax at a federal level, state level? Right?
What is going to be subjected to the net investment
income tax it's called the n niky. What is going
to be dangerous to my adjusted gross income from my
overall tax perspective? And we broke it down from taxbile accounts, WROTH,
(26:47):
traditional I arrays, non qualified annuities HSAS five twenty nine,
rental properties, and it is taking a very very complex
subject in making it visually easy to consume. Now Here
is what my real question was. Because if you've been
a good saver suit of your money, at some point,
(27:10):
you're gonna start consuming that money, right retirement, pre retirement,
gifting the kids, whatever it may be. Do you know
that almost every type of investment taxbile accounts, I raise,
whatever the case may be, when you start to consume
your hard earned savings, they're all subjected to the net
investment income tax penalty. They all adjust your gross income
(27:35):
higher to pay more ordinary income tax, all of them.
And once you look at this, you're gonna be upset.
You're gonna say, what in the world can I do
to be more tax efficient? Because this is nonsensical and
with this is available for all listeners. Just call and
say I want the taxation Guide. You're you're gonna get
(27:58):
upset when you look at it because they basically just
put a check mark in a box. Am I gonna
get hit with federal state or the n I t
early withdraw all penalties? And you can see across the
board there are no real easy spots anymore. You have
to have the correct type of investment in the correct
type of investment account. Wait a minute, troops, is this
(28:20):
the final segment?
Speaker 1 (28:21):
No?
Speaker 2 (28:22):
I think it's not.
Speaker 4 (28:23):
Okay, thank god, because I want to I I did
want to get to something as long.
Speaker 2 (28:27):
Well, let's do this. Did I put I put you
to sleep?
Speaker 5 (28:29):
No?
Speaker 4 (28:30):
No, no, no, because I need to ask you this, Mike,
And again, guys, this is you.
Speaker 2 (28:34):
Guys know this.
Speaker 4 (28:35):
This is an absolute treat and it's it's a privilege
to have Michael Brown on these airs. Now I think
it's a privilege to have me on these airs for
of course. But but okay, when we talk about the initiator,
the pioneer, right, and we all know it's tough to
be a pioneer. Right, Pioneers get shot in the back
with arrows, as they said, or they get blooded walking
(28:56):
in right. The point is this, Mike is the pioneer
with respect to bringing what we call Pillar four and
Pillar five type vehicles to you. Okay, in this area.
I can't speak to Palo Alto, California. I have no idea.
I know this area pretty well. Mike is the man
when it comes to this. Mike is the guru when
(29:19):
it comes to this. My opinion, my opinion only. I'm
allowed to have opinions, and you want me to have opinions.
And that's why you're listening.
Speaker 2 (29:26):
Mike.
Speaker 4 (29:26):
I want you to educate really quickly, because I sat
down with a lovely woman who's going to become a
Madison Madison manager's client. Okay, this past week, tell us
what Pillar five is. Because remember how we talked about this,
how I mentioned this last week. I think there's a shift.
People are starting to ask about Pillar five. Tell us
in the simplest terms, what is Pillar five to you?
(29:46):
What do I get as an investor?
Speaker 2 (29:48):
What is it? So we just talked about taxes number one,
I get tax deferral number two. I am going to
get right now, right, it's subject to change in the future.
Right now, I can at worst case scenario annually get
a three percent return. Now that is compounded, correct, compounded
(30:10):
annually and in and it's a term similar to it's
a short term. Give it as a bond, give it
as a CD. I can't go out ten years, correct,
you have a fun you have a finite time period.
It's a short time frame, and you're gonna earn minimum, right,
Mike minimum. And this is factual, we can speak to it.
It's three percent right now now. But if the stock market,
(30:31):
whatever flavor market you like, if the market does better
than that three percent, you can make more money. Yes,
but if the market goes down ten, twenty, thirty forty percent,
you still get three percent return. This is so it's
a principle protected. This is boring, right, this is the
safe money. And this is a way too. I'm avoiding
(30:53):
federal tax, state tax, the net investment income tax. It's
not pushing my justin gross income higher. You put me
in a higher tax bracket and I can't lose.
Speaker 4 (31:04):
And that's the key make because in a worst case scenario,
this is defined outcome, right, and the defined outcome is
pretty darn good. Now now, no, no, here comes the question,
Here comes the high level question. Okay, it's a fast ball,
so it's not gonna be a softball, but it's gonna
be a fastball to you.
Speaker 2 (31:21):
Sure, But here's a question.
Speaker 4 (31:25):
In two days, day and age today, right today, December
whatever it is, twenty twenty four, can you think of
a reason if I'm an investor other than the only
thing that I can think of is a doomsday scenario, which, guys,
we don't play that game. There is no way to
invest for doomsday, complete doomsday scenarios, because when it goes,
(31:46):
it'll only go black ones.
Speaker 2 (31:47):
Make no mistake. If you really are expecting a doomsday scenario,
your investments should be something called ammunition. Absolutely don't. So
let's not go there. Let's not go there.
Speaker 4 (31:56):
Is there any reason why I should choose a traditional
fixed annuity from provider XYZ, BBC, Joe YZ whatever over
pillar five? Can you think of one? Because I, in
conversation was racking my brain again.
Speaker 2 (32:17):
I cannot, I cannot I them u because the old
fixed annuities, those are nineteen fifty seven chevies and they
served a purpose when they were the only name game
in town. But as things have improved and people have
realized I want more than that fix rate. I want
a chance to make five, six, seven, eight percent, whatever
(32:38):
that may be. This is the chassis of a fixed annuity.
Well done, but now we have the ability to make
enhancement two to two and a half three times.
Speaker 4 (32:47):
Then correct, correct, Mike, And that's what And again that's
how the question was put to me, Mike. And again,
you know who you are. You be joining that, You're
gonna be joining us on the cruise ship very very shortly, Mike.
I can't think of any reasoning again outside of true
dooms die. And you'd have to believe that in a
doomsday scenario, a state agency was money good in a
(33:11):
true doomsday scenario, Right, you'd have to believe in that. Okay, yep,
that's the only way. And again we don't discuss that
because there's no point. It's a waste of it's a
waste of everyone's time talking about the blackout scenario in
a world where we're trying to maximize your rate of
return per unit of risk that you're willing to accept you,
not me?
Speaker 2 (33:30):
You right, pillar think you about this? Do I want
to go get a CD at the bank. We're not
gonna get comparable interest to this, and then pay federal
state income tax plus the net investment income tax. What's
my real yield after tax? When they're getting me every year,
you've got to push the taxes out until you're in
(33:50):
a lower rack.
Speaker 4 (33:51):
Absolutely, guys, Pillar five. In the meantime, do D version
two point zero grab your.
Speaker 3 (34:00):
Are about to experience the Planning for Prosperity show in
three two.
Speaker 2 (34:06):
Er. Bah right, I got it where I carry right? Yeah?
I mean she basically comes out of a vault Christmas
on Halloween.
Speaker 4 (34:24):
Michael Brown, manage director Michael Brown, Madison Walk Managers planning
for Prosperity Radio Hour.
Speaker 2 (34:30):
Welcome BeBoard the cruise ship. As we love to say,
here's a beef that I have.
Speaker 4 (34:35):
Why when I name the artist immediately is mister producer
so slow to recognize it and give me the nod?
Speaker 2 (34:42):
And when you hit it, he's always right away.
Speaker 4 (34:44):
He's jumping over the table at you, like congratulating you,
high fiving.
Speaker 2 (34:48):
You well because I get a lot more correct. This
is such garbage.
Speaker 4 (34:52):
Every called batting average, This your favorite is garbage everyone.
Speaker 2 (34:57):
Mister producer what do you say about baseball?
Speaker 4 (34:59):
It's an orbit stick, It's an orb and a stick,
and it always it always will it forever will be.
Speaker 2 (35:05):
Well, you know this guy who swings a stick at
the orb. I just went to the Mets seven and
sixty five million dollars. Instead of setting my kids at college,
I should have set them.
Speaker 4 (35:14):
To a bad We can't even, I won't even, I
will not. I will not even get into that, as
there are so many pathways to go down that would
lead us. It would lead us back to ESPN radio,
Michael Aware.
Speaker 2 (35:29):
No one even remembers how we did that. How they do.
Of course they do, Michael, of course they do. Guys.
Speaker 4 (35:36):
Again, the biggest piece of news this week, I think,
and not to make this about me, but to make
it about me.
Speaker 2 (35:43):
Okay, I like that. Enough about me, let's talk about me,
let's taware.
Speaker 4 (35:47):
The point is this, guys, I realized in a real
world conversation with what turned into a perspective client. I
realized this very quickly. I've been wrong, okay, in that
I've always suggested that my favorite white paper. And again, guys,
preface this by saying, both of these white papers are
in D O D version to Plano. I've always thought
the most valuable to you, the most necessary for you,
(36:11):
if you will, was the estate planning timeline. I still
believe it is incredibly valuable. It's it's invaluable. That's okay, right, invaluable.
My point is this, I came to a very real
world realization though, that the white paper entitled what to
Do When a Loved One Dies is absolutely necessary for
(36:34):
each and every one of us, period the end, the end.
That's it, because we're all going to experience it. And
it's not only not Mike, but it's filling a gap
that isn't there.
Speaker 2 (36:43):
And we were talking about this Dan a year and
a half ago. I'm not sure, and that was before
this meteoric rise of alternative intelligence, not just for the
good but driving the bad actors as well. Sure, these
guys in their algorithms, they know before your loved ones
(37:06):
do that someone has passed away, and they're knocking at
the door to steal the information. Yeah, and the crooks
are getting very very good. And that's a sad thing
to say. And Mike, here's the key, though, guys, and
this is why we say it. And again, guys, it's
free there's no reason not to catch your copies of
d D version two point zero www. Dot Madison Managers
(37:27):
dot com. I think the biggest hurdle is how do
you do it? Just literally use one of the textboxes there.
Let us know how, we get it to you and
we get it out. Easy.
Speaker 4 (37:36):
Please if you want to leave a phone number, whatever,
it is, easy, easy, easy please. It's that simple. There's
no charge, there's no anything, there's no shipping. The point
is this, what to do when a loved one dies
is a checklist essentially, right, It's a checklist you better check,
everybody you better check. And that's the key, Mike. And
that's where there isn't any education out there right now.
(37:59):
That was my blood spot, that key, because it's not
profitable for anyone.
Speaker 2 (38:03):
To do one's that's the key, Mike. No master cards
going to come out and do this.
Speaker 4 (38:08):
Visa JP Morgan Box, super bank investment house, super investment.
Speaker 2 (38:14):
House, who sells the promissory promis structure. That is complete
hocus post.
Speaker 4 (38:20):
There's nothing You're right, Mic, there's no there's no meat
there for them. And the reality the reality is is,
I hate to say this, but the more educated you are,
the less likely you are to utilize those such structures.
Speaker 2 (38:35):
That is correct? Correct? Wait, wait quick one. I love
Madison Nation because they call with real questions. And the
question was you, guys, gentlemen asked, without question worked for
a major fortune five hundred company contributed to his four
oh one K, but contributed more than what the I
(38:56):
R S allows. So it's called an after tax contribution. Yep.
And he says, what should I do with this money
for my kiddos? Should I just keep it after tax?
I want to buy some dividends and some interesting come
blah blah blah. And I said, well, why don't we
just put that in a rath iray? You've already paid
the tax, He said, I don't understand. He said, if
(39:19):
we just take the money and we buy stocks, bonds,
whatever it may be, you're going to have let's see
federal tax, state tax, that investment income tax, it's going
to increase their adjusted gross income. We put that in
a raw diray. You own the same investments, or maybe
we own the same investments, but we put protection on it.
There is no taxation because the growth on that raw
(39:41):
ira is tax free. Oh.
Speaker 4 (39:43):
Absolutely no, it's not a fair fight. It's a terrific strategy.
And you guys, know, you guys who have sat down,
especially when it's Mike and myself and you sit down
with the two of us and we've got differing angles.
I would cite different.
Speaker 2 (39:59):
Preference, is different personality. Yeah, no, no, no, And it's
it's not just that, Mike, because you might I say,
you say you.
Speaker 4 (40:10):
The point is this, guys, I will, if given my
drothers and Michael knowses, if there is one of our
pillars that we speak about for those of you and newbies,
we favor four pillars of investing to be placed under
your investment buffet, if you will. Okay, most of the
wirehouse super centers they will talk about one pillar. We
(40:31):
talk about four. Now in special times there's a pillar five. Okay,
so we will edge, and now is one of those times. Yes,
And here's the point. We will educate on all of
the pillars, and then you will choose.
Speaker 2 (40:43):
You'll choose.
Speaker 4 (40:43):
You will say, hey, Dan, I really like pillar three,
I really like pillar four. I really pillar two. How
do I meet my needs?
Speaker 2 (40:48):
Right?
Speaker 4 (40:48):
We're solving for a problem. Now here's my point.
Speaker 2 (40:52):
I will most likely in.
Speaker 4 (40:55):
Most instances lean towards pillar two, which is again personalized
pension guaranteed which you're all right, guaranteed income whatever you
want to call it. Okay, that's the pillar that I
will lean towards naturally, Okay, because I believe in the
power of that check and the confidence in having that
check showing up in your mailbox each month, each year,
(41:17):
whatever you choose it to be. Okay, when you retire,
Michael and.
Speaker 2 (41:21):
Go back, then the customer what retains control of their money, yeah,
and they control their taxis oh absolutely.
Speaker 4 (41:28):
And here's here's my point, though, Mike, is that you
typically will lean towards pillar four because that's your baby.
That's your baby, and it's what I would I would
term maybe more I don't want to say it's more conservative,
because it's not more conservative. But what it does is
(41:48):
it gets you in the fight, right, it gets you
in the market fight. But you understand what's underneath you
in terms of you have protections underneath you, and you
can have different amounts. You're different time for me exactly.
You can move the levers.
Speaker 2 (42:03):
I just like it because it's not Dan. You walk in,
I sell you one of these crazy structured note things
which we would never do. But there's no more interaction
between us. It's over until your money probably goes by right.
Pillar four allows us to have the protections, but we
(42:23):
still have engagement as the client. We still get to
talk about things. We still get to say, I want
to make a change, whatever I mean, the investment, the time,
for the amount of protection. You are not being warehoused.
I think that's my point.
Speaker 4 (42:36):
Yeah, And here's where I was going with this mic,
because you brought up the roth high rag. We talk
about now as being the time right and again it's
maybe a little bit post peak here, but you want
to take advantage now whilst yields, whilst interest rates are
still again historically high relative to the last twenty five
years on this planet. Okay, take advantage now. The point
(43:00):
is this, we've begun with so many of you starting
your wroth iras in pillar two right, where you're locking
in this temporarily right, temporarily higher rate right relative to
the history, and it's going lower some And here's the point,
it's going lower. You lock in it today, lock in
(43:21):
today's right, you're in the club. And then guess what
we do next year when we do your wrath we
add to that at at the higher rate, the higher rate,
all WASP being in mother market, all WASP being growthy growth.
If you want to be growthy, we're owth valuating value
in the middle, whatever you want to be. Here's my point, Mike,
what's more powerful at the end of the day, you
(43:43):
do this for a decade, what's more powerful than a
tax free, guaranteed stream of income at an interest rate
where you're going to look back and say, how did
those boys, how did they find that rate?
Speaker 2 (43:56):
Well, the thing is we're not just looking at this,
you know, in a microscopic way. The European Central Bank Dan,
I don't know if people realize this. They just lowered
interestates again for the third time this year. Oh, I
think the Swiss is cut by fifty bases points.
Speaker 4 (44:13):
So we are.
Speaker 2 (44:14):
Always a little late to the party, we being the
United States of America. But it's coming. So I don't
know if you have a month, two months, six months,
I don't know what the time ever it is. But
these things are going TikTok. It's time to start educating
yourself on them today. As that's the key. That's the key.
Speaker 4 (44:32):
So the point here, guys is there's so many ways.
There's so many ways to get started, there's so many
ways to get your feet wet.
Speaker 2 (44:40):
Here.
Speaker 4 (44:40):
We always talk about you know, you got the old
four oh and k the old I wray you're paying
no attention to it. What is the one item where again,
if I fallen asleep for ten years on a particular investment, right,
what is the most logical, most natural way to feel
us out at Madison? It's a pillar three type investment, right,
(45:03):
especially Pillar three version two point zero, Where again, I
can go for it. Right, You've already shown us you
really didn't care about this particular investment.
Speaker 2 (45:12):
And that's okay, that's totally okay. It happens to all
of us. Right.
Speaker 4 (45:16):
But but I can pick to be a growth investor
with some of the best, highest rated growth managers in
the world and put one hundred percent protection under my principle. Yes,
you heard that, right, That's the most natural to me
in that instance, Mike.
Speaker 2 (45:34):
Right. The thing is people listening. You might be driving
in your car saying I don't know what the pillar
two three, It doesn't matter, Come on and we'll just
show it.
Speaker 4 (45:44):
Absolutely, guys. Best way to start DoD version two point
zero sample it. It's a freebie. Guys again, again again.
What to do when a loved one dies is in there?
Grab it right now, It's free. Easiest way use the textboxes.
Guys on the www. Dot Madison
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