Episode Transcript
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Speaker 1 (00:00):
Securities offered through Osaic Wealth Inc. Member FENRA, SIPC, Investment
(00:03):
advisory services offered through Osaic Wealth Advisors, Inc. And sec
Registered investment advisor. Madison Wealth Managers and Osaic Wealth are
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accuracy and completeness are not guaranteed. Neither Osaic Wealth nor
Medicine Wealth Managers accept any liability for the use of
(00:25):
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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.
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(00:57):
indication of future results. Investments involve risk and the possible
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Speaker 3 (01:04):
You are about your experience the Planning for Prosperity show
three two.
Speaker 2 (01:11):
Er Ingle, Wait, you went back to the well again.
I was, I get it. It's Christmas week.
Speaker 4 (01:23):
I understand, Mary, Mary Happy, Happy, Welcome to the holiday
cruise ship, the Christmas cruise ship, the New Year's Cruise ship,
the Honeka cruise ship, all of the above, all of them,
all of the above.
Speaker 2 (01:36):
Although you are not wearing anything festive, actually none of
us are.
Speaker 4 (01:39):
Yeah, you're wearing like a flat you were in silver?
Is that silver?
Speaker 2 (01:42):
I think it's called slate.
Speaker 4 (01:46):
Happy holiday weekend everyone planning for a prosperity radio hour.
The voice of Slate is none other than Michael brown Man.
It's a great name, Michael Slate, Slate Brown. I am
Daniel Polant of these Madison Wealth managers. Guys, you guys
in the spirit of the season. Oh, Mike is applauding.
(02:07):
I'll applaud big, unbelievable response last week. Kudos, kudos to you,
all of you. And here's why www Dot Madison m
A D I S O. N. Managers with an s
dot com www dot Madison Managers dot com. You guys
(02:30):
clean op d O D two point ohers. You cleaned
them up. I mean, which is again, they are out there.
Get them all kidding aside, guys, And we heard this
from a lot of you. I have family coming into town.
I have my potential executor, right, Mike, And here's what
hit last week. And I will take some credit for this,
(02:52):
and I will give you credit. I will give you credit, Michael.
I flipped, Oh wait, discuss if you missed last week's show.
I forever and ever and ever I thought the most
important white paper in the DD two point zero right
was the executive timeline. I'm wrong. I'm I'm totally wrong.
It is what to do when a loved one dies.
(03:14):
It is that simple, guys. It's number one. You need it.
It's not, Mike, it's not. That's not optional anymore. I
don't view that as optional.
Speaker 2 (03:22):
Not in the day. We live in this digital age
where now the bad guys are not only really good
at tech, now they have AI helping them steal your
identity and your money. Yeah, I guys, again, I just
just land mine after land mind.
Speaker 4 (03:36):
I can't say this with enough sincerity, with enough forcefulness.
I know they kind of they kind of keep my
voice down on these airs because I am screaming in here.
But it's fine. It's more it's digitally monitored. But the
digitally what which is mastered? Mastard remastered. It's mixed and remastered. Guys, again,
not optional, what to do when a loved one dies?
The white paper, it is absolutely absolutely not optional. You know,
(03:59):
if you've been with Mike can I over these years,
you know that sometimes I would say, yeah, grab it,
if you grab it, if you can. You know, other
times I would say, absolutely necessary, this is absolutely necessary.
The best way to grab it is DoD version two
point zero. It's our estate planning work. We can have opinions.
We feel it is our best estate planning work. It
is bound, it is beautiful, it is rare earth materials,
(04:22):
and you guys, grab me a ton of them. Do
it again this week. It's that simple. If for no
other reason than what to do when a loved one dies.
Speaker 2 (04:30):
Now, Dan, we're gonna come back to that, but for
listening to audience, and we said this before. Dan and
I do not rehearse. We walk in with whatever we
want to talk about. And we just play it back
and forth like tennis. And I've brought some couple of
things that I read that I thought were interesting in
me to share. And before we even get out of
the air, Dan says, can you remember a single head
(04:54):
of a government department that was actually memorable for doing something?
And I couldn't think of a single purse.
Speaker 4 (04:59):
I said it, guys, I said it, and I said
it with respect to and this is non political, conservative, liberal,
wherever you fall. We were just talking about the fire
sale that's going on Wall Street, which, by the way, Mike,
I think we've be talking about this for a couple
of weeks. We have mentioned well timed about a little protection.
I may mention that hypothetically, but the point is this,
(05:20):
and again not a solicitation by a seller hold, but
a sector that is absolutely fire sale levels is biotech,
right It's it's as with a lot of other sectors
right now, but it's being given away for whatever reason.
Speaker 2 (05:32):
And some of that could be political thinking that a
new cabinet member might be looking into big pharma.
Speaker 4 (05:39):
Maybe hypathetically exactly.
Speaker 2 (05:41):
The real question is how much how much power do
they actually wield? Right? How big of a bad can
they swing? But I had brought because I read this.
Everyone's talking about doge right government efficiency and it sounds
fab I'm all for it, love it right. There's more
waste in our government than I think anywhere in the world.
(06:02):
But we might be getting ahead of ourselves. It's just
how effective they might be able to be. So this
I didn't. I didn't think this up. I just read it.
And this guy named three different times where they tried
to reign in some government spending. Nineteen seventy five, Senator Proxmier,
he launched this is funny something called the Golden Fleece Awards,
(06:24):
where he spotlighted the most absurd government waste. It just
went away. Reagan commissioned the Grace Report where they came
up with that this is back in the eighties, four
hundred billion in savings. Congress just ignored it. Bill Clinton
nineteen ninety three, The reinvent government just went away. They
(06:46):
all had the right thought. But the machine is always hungry,
it always and it always wants more.
Speaker 4 (06:55):
Very well said, I love.
Speaker 2 (06:57):
The thought of this dog because it's so wasteful. There's
so much theft.
Speaker 4 (07:04):
I'm not holding my breath so Michael, what would you
say to the listener out there who's saying cheez. You know,
I've listened to these guys now and kind of write
about this little market indigestion, and now they're maybe talking
a little bit about some hypotheticals what may or may
not occur. Michael, which direction would you lean? Would you
(07:27):
lean towards protecting your investments? Would you lean towards that
direction or would you lean to be completely nude out
there and just let it rip.
Speaker 2 (07:37):
Well, let's let me give you an example. This past Wednesday, right,
the Federal Reserve lowered interest rates by one quarter of
one percent.
Speaker 4 (07:46):
I'll throw something else at you real quickly, I'll throw
something else. I don't think there was anything new in
what they said.
Speaker 2 (07:52):
But what happened immediately after that announcement was made. It
was an absolute bloodbath in the market for the next
hour and a half, and they absolutely tarnished a lot
of stocks. Yes, it absolutely punished them. Now we're sitting
here and I'm saying I'd rather not see that happen.
I want the market to go up. But I didn't
(08:14):
lose a nickel. Our clients didn't lose a nickel because
when you have protections on your money, you absorb those days.
So that's a very long way to answer the question. Yes,
if you don't have protections on your money, I'm not
being mean. You're either really lazy you just don't care.
Now I care.
Speaker 4 (08:33):
I think that's I think you can.
Speaker 2 (08:35):
And then we sometimes I think, put out this kind
of aura where we we want to educate first. But
that doesn't mean we require people to be able to
tell me how the watch works. Just tell me what
time it is. You don't have to get into the
weeds with this. Sometimes you just want it to go away,
(08:55):
and I understand it, and we will make it go away.
We're not going to make you sit in class and
wrap you on the knuckle with the ruler if you're
not paying attention. It's here if you want it. It's
not necessary.
Speaker 4 (09:04):
Well done, Mike. That's that's no, that's it, Mike. That's
very well done. So just to recap, and again, guys,
we can't thank you enough. HOUNDDD two point zeros. If
for no other reason than what to do when a
loved one dies, it is mission critical that you grab that.
And it's free, guys, make the mistake. It's free. We
don't say that enough either. The shipping's free, and it's Michael.
Speaker 2 (09:27):
You know we're gonna say after the fourth one we're
gonna start charging for people. Are com gonna say, give
me seventeen of them. I'm gonna put them in people's
Christmas stockings. That's just being.
Speaker 4 (09:36):
Abused, So will Well, you need a little abuse every
every now and again. But guys, at all sincerity, great job,
continue doing it. And again, guys, what can we say.
I mean, you can't say anything else. I mean, we
educate on these airs regarding protections, and you know where
we stand with respect to that. So listen, we've got
the in my opinion, the expert in the area. He
(09:57):
sits right across from me here. And if you want
to if you want a tutorial, you want to learn,
that's what we're here for. And now it's the time.
It's you ran. We're getting into the new year, and
it's a little rocky out there. It's a little rocky
wolf Www dot matisadvantages dot com. Guys, go there right now,
d O D two point zero. Let us know how
many and how to get them to you. Again, they're free.
(10:19):
We'll see right back you are about.
Speaker 3 (10:22):
Your experience the planning for Prosperity show. It's three.
Speaker 4 (10:36):
It's all good song.
Speaker 2 (10:38):
But oh, this took a lot of heat there. Oh
you remember that? Yes it was band.
Speaker 4 (10:44):
Yeah, Managing director Michael Slate Brown on Daniel Planska and
welcome aboard.
Speaker 2 (10:49):
The cruise, Dean Martin.
Speaker 4 (10:51):
Yes you yeah, you're right. This did take a lot
of heat. Yeah.
Speaker 2 (10:54):
Whereas where does all those just graphically awful rap songs.
They're okay, they win awards and target special areas inside
their stars and it's all good.
Speaker 4 (11:05):
Guys. Again, let this all be an advertisement for protections
on your portfolio, please, because everyone listening.
Speaker 2 (11:12):
Everyone listening. If you've been into a retail store in
the last few days, tell me how frustrated you are
with everything, the prices, the service, everything's moving at a
glacial pace. That's just a microcosm of the world.
Speaker 4 (11:25):
It really, the world is just burning. Guys. Www dot
Madisonmanagers dot com. Again, we're gonna thank you to the
core on this holiday weekend. You guys, make this ship sail.
You grab the DoD version two point zeros in incredible
quantities last week and we wanted to continue, Okay, we
wanted to continue this week, and Michael, I will pat
(11:46):
myself on the back, okay, because I think and I'm
patting you on the back as well, because you have
always challenged me, right I said forever. The estate planning
timeline most valuable piece in my opinion. In my opinion
in the D two point out.
Speaker 2 (12:01):
Let's just take why is the timeline important? Not just
so you, if you're the executor executives know what is
expected of you by law. It is a shall we say,
a deflection device against other people than the beneficiary, who
are saying, Dan, dad passed away last month, where's my money?
(12:25):
And you can say to your sibling, well, I need
to do these six things before I can begin that process.
And communication is the key to all this.
Speaker 4 (12:33):
Well done, and everybody.
Speaker 2 (12:35):
For many many years, people would say, I'm gonna pick
my son or daughter who's a lawyer or an accountant
or a finance professional to be the executor so they
know they understand what's going to happen. That's not the key.
The key is who's the most organized and who's the
best communicator, because you can have professionals help you with
the other nonsense.
Speaker 4 (12:54):
Well done, Mike, well done, and maybe I missed that.
Maybe I missed that. And I also to your point, Mike,
I also and guys, this is not a knock on
any of us, it's all of us. I think the
executive timeline also to your point, Mic, assumes there's an
alpha that is the organizational king or queen and takes control.
Speaker 2 (13:13):
It also makes another big assumption that the person that
passed away was organized.
Speaker 4 (13:18):
And what are the and when we combine those two, right,
when we get that permutation, what percentage of us is that? Mic? Unfortunately,
it's love lo that's the key, whereas what to do
when a loved one dies? And I think, to my credit,
I think I've said this from the get go that
seventy five percent of the items no one would ever
think about, regardless of a profession. You could be in
(13:39):
the planning profession, you could be in the information security profession,
you can be in the anything profession. Okay, seventy five
percent you will not think of it.
Speaker 2 (13:46):
And even twenty or twenty five years ago, half of
it wasn't relevant because we didn't have identity theft just
running rampant, right, We didn't have money launderers, we didn't
have the people who are so good at the tech.
They're better than the police force trying to protect us.
Speaker 4 (14:01):
And I think Mike all so too. I think if
you run through what to do when a loved one dies,
and you go check by check by check, I think
you have an immense feeling of accomplishment when you can
play it, maybe amense, maybe a little sense of relief.
Oh that's in a time where you're already stressed. Yes, guys,
you're already stressed again. Please please please do D version
two point zero. They're free. I always suggest you get
(14:23):
to You did such a masterful job less last week.
Let's do it again. It's Christmas week, it's New Year's
let's get thinking about all of this and the easiest way, guys,
and I can I love doing I don't remind you
guys enough www dot Madison Managers dot com.
Speaker 2 (14:39):
Just use one of the taxboxes, request the info as
soon as you get rid of the in laws or
the outlaws after the holiday season. Then you pick it
up and you read it and so do it while
you're thinking of it.
Speaker 4 (14:48):
And you give a call to got you give a
call also, I've got to say this, Mike, can I
interject with something to Yeah, we've got enough time. Can
I interject with this? And I don't mean to be this.
I don't mean to be all about you this week, Mike.
Speaker 2 (14:59):
But please feel free.
Speaker 4 (15:00):
I got to tell you what where We're getting a
lot of inbounds on pillar five, and.
Speaker 2 (15:08):
We're going to get more after this week the carnage
that happened. And then it's going to be mid January
when two things happen. People are going to get their
December statements and say, ouch.
Speaker 4 (15:19):
In the best month of the year.
Speaker 2 (15:20):
Remember this seasonals, Oh, December stung you. I got coal
in my stocking from Wall Street one two. Then you're
going to get the ten ninety nines for the tax
bills for the mutual funds that didn't make any money
and still pay you taxes and new paid fees for
so pillar five again, I'm going to get, as it
(15:41):
stands today, three percent in a rate of return worst
case scenario. Can't lose a nickel total insulation market goes up.
I can make four, five, six, seven by ba by bla.
Speaker 4 (15:52):
I play along. In other words, I play a long Yeah.
Speaker 2 (15:55):
But you're totally bulletproof. So that's why people are interested
in pillar five. Now that here's my fear, Dan as
the listening audience, Madison Nation. You know, we do not
invent investment product.
Speaker 4 (16:10):
It's the in fact, it's the opposite. What do we do, Mike.
Speaker 2 (16:13):
We review what's out there, yes, to try to find
what we think is best in show.
Speaker 4 (16:18):
Do we really have restrictions on what we can look at? Mike?
Speaker 2 (16:21):
I mean everything has to go through the compliance bucket.
Once you are blessed that you're not a shyster, you're
not a low rated company. You don't have eighty five
billion in lawsuits against you now of that entire universe,
which is the most Now we're free and clear, Mike.
We can think anything we determined to be in the
client's best interest.
Speaker 4 (16:42):
And what we talk about, guys, and this is really
something okay because I did a little I had a
little uh, I hit a little research assignment that I
took a look at earlier. And you know what, Mike,
I didn't even realize this. You realize, and again we
always talk about a rated and show. That's all will
look at, right, that's all will look at.
Speaker 2 (17:02):
Because why would you look elsewhere?
Speaker 4 (17:04):
You realize one of our insure, one of our favorite
insurers that provide these guarantees that we talked to you about.
You really said, just received a second ay rate. It's
almost unheard of.
Speaker 2 (17:11):
Double I realised that it doesn't happen much anymore because
sometimes it's not worth the effort. Can you write, it's
a point of diminishing return. And I understand, But do.
Speaker 4 (17:22):
You know what I'm saying, Mike again, we guys, that's
what we talked about. Wouldn't we be looking at the best.
We always talk about this from the standpoint of and
then you say, well, what's the guarantee? What's guaranteed? Guys,
at the end of the day, if you have a
contractual guarantee from an A rated and or a double
A rated insurer, there's not much else. There's not much.
And yet we always say this, if you want the
(17:43):
doomsday trade, don't again, let us in on it. Okay,
let us in on it, because as far as we know,
and we've learned from some of the best guys, it
goes black ones, goes dark ones, right, it goes dark ones.
And at that point time, as Mike said, there didin't
no stop there t ain't know this or tain't know
that there's maybe some chicken feed, you know.
Speaker 2 (18:05):
And I'm not a doomsday or I'm a bit of
a prepper, but I'm not a doomsday because if that
kind of event were to occur, it doesn't matter if
I have gold coins, whatever will doesn't matter. If I
have plutonium, it doesn't matter whatever you want. The real
currency's going to be ammunition. So let's hope we don't
get to that.
Speaker 4 (18:25):
Path of whatever you want, guys.
Speaker 2 (18:27):
So it can't be doomsday.
Speaker 4 (18:28):
I have faith, right, and we can't. And again, guys,
we can't. I mean, and again, listen, if that's just that,
that's your MO, that's your emo. It's just again, the
investment realm is not for you. Let's be brutalized. The investment,
the traditional investment realm is not for you.
Speaker 2 (18:42):
See, and a lot of people disagree with me. I
look at the financial markets as one thing and one
thing only. It's a means to an end. I want
to grow my capital. I need to keep my purchasing
power in place. With inflation just being insaneo and it's
going to be for quite some time. You don't just
turn off, not to switch and inflation goes away. Absolutely,
So this new administration doesn't have a magic bullet to
(19:04):
do so. So I need to have the ability for
my capital to grow, yes, for either my consumption or
when I'm gone for my kiddos. Yeah, but at the
same time, I don't have to drink the kool aid
that the stock market is the big casino in the
sky and is always gonna bail me out. Well, so
I can have buffers and protections in place for when
(19:26):
times like now are happening.
Speaker 4 (19:27):
And guys, here's the thing, And you know, we've educated
you on buybacks, right, We've educated you on the power
that the Big five, the Big six, the Big seven,
the Great whatever you want to call them, have with
respect to being able to buyback thrown stock. Michael, I
talked to many of you this week. Could you imagine
what this market would have looked like had these buyback
windows been closed like they will be in two weeks. Oh,
(19:50):
did you mention that the circuit breakers have come on?
Oh it's been a while, But make the mistake, guys.
Speaker 2 (19:56):
That it hasn't happened since what COVID.
Speaker 4 (19:58):
We've talked You're right, Mike, and we've we talked about
this for a while, guys, And again this is just
its educations, not meant to It is what it is.
This market has been dragged for two years and I
can I'm not talking about one month, Oh my god,
the banks were great one quarter the industrial is great.
Not talking about that. I'm talking about the total return
on this stock market from the low is provided by
(20:18):
the super sixth grade eight, super seven. It's off the charts.
It's off the charts. Okay. If you don't want to
believe it, look around what just happened. Look around the
one day where the Googles decided not to go on
the Amazons riot the Papples when they decided not go
it looked like Mike, to use your language.
Speaker 2 (20:40):
It was it was just eerily quiet.
Speaker 4 (20:42):
Look like there was a lot of nakedness out there. Guys.
Let's educate. Www Dot Madison Managers dot com. Guys, DoD
two point ohos grab them. You did great last week
to free.
Speaker 3 (20:54):
You are about your experience The Planning for Prosperity Show
three two.
Speaker 4 (21:11):
Michael Slate Brown Madison Wealth Managers Www Dot Madison, m
A D I S O. N Managers dot com. Best
way to grab your d D two point ohs, which
so many of you did last week. Big thank you,
kudos to all of you who are now being educated
(21:33):
and you're educating authors. That's the that's the key, bike,
that's the key. When you guys grab two, you grab
one for a friend, whatever it happens to me, you're
helping to educate others. Okay, and again, all of state
planning all the time. I mean, that's that's what that's
what it is, you know.
Speaker 2 (21:47):
And you could say that estate planning you have to
incorporate a couple other things, your investment financial planning stuff,
your insurance type stuff, and your tax type stuff. So
it encompasses all of those branches, all those silos. We
talk about estate planning as how to execute things. Yep,
(22:08):
there's a bigger picture there, and there needs to be
communication amongst all those different disciplines, right because we all
know that little game when you're a kid, there's a
bunch of them sitting around a table and you whisper
a secret. By the time it comes back to you,
it's a totally different secret. Things get lost in translation,
things slip through the cracks, Madison. We want that to
not happen.
Speaker 4 (22:27):
Well done, Michael.
Speaker 2 (22:28):
Well, so if you want the investment stuff, Dan and
I and other people on the team. You want the
insurance stuff, that's great. You want the estate planning stuff.
We walk down the hall and we have a conversation.
Speaker 4 (22:39):
So true, so true, and again we put it all
together again. We like to be that on, try to
be what we call the DoD version two point zero,
which is our bound estate planning work. Guys, we've been
talking about two distinct, separate white papers that we've gone
back and forth, back and forth, back and forth, and
finally I'm coming to micro sid. I agree that the
(23:00):
white paper that he prefers, entitled what to Do When
a Loved One Dies is mission critical. It's mission critical.
And it was a conversation with one of you that
changed my mind. Quite simply put. It's it was a
conversation with one of you, Mike. I'm also listen. One
of our blind spots is such.
Speaker 2 (23:15):
Okay, we have many.
Speaker 4 (23:16):
We have we have many, but one of them is
simply put in that when we talk about the pillars, right,
when we talk about the pillars, the protected pillars, right,
we never ever speak enough regarding the built in estate planning.
We never talk about that, mind.
Speaker 2 (23:33):
Because there's so many facets to it. Even the simplest
pillar five, the simplest thing ever, you've got death benefit
and beneficiary designations built in right there, boom, right, there's
your estate plan for that dollar. Done absolutely, yeah, no probate,
no shenanigans, it's done.
Speaker 4 (23:50):
Yeah. And that and that. I firmly believe we don't
speak about enough because we end up talking with so
many of you that ask, and you ask, well, I
do get I do get a death benefit with that?
Don't I?
Speaker 2 (24:02):
Or say, how do I put this in my will
to make sure my kids get it? No? No, no, no,
the will doesn't govern this.
Speaker 4 (24:08):
No, no, no.
Speaker 2 (24:09):
We've caught above and.
Speaker 4 (24:10):
Beyond the will. It's so guys, it's awfully clean. It's
awfully clean. It's awfully sleck. You know, it's awfully sleck.
Speaker 2 (24:16):
And it's great. It's slick because it's simple. There are
such elegance and simplicity. I believe you know. One of
my favorite things is Okham's razor, when when you're faced
with a number of different solutions, go the easiest one.
Speaker 4 (24:29):
Let me go. Let me ask you this, Mike. And
we've had this discussion and again we're kind of pounding
the highlights here right, this is highlight real stuff.
Speaker 2 (24:36):
We have short a little, big time.
Speaker 4 (24:38):
But here here's the point, Mike, And we've made this argument.
You've made this argument. I've made this argument. If I
have something that will accrue a benefit right, such as
pillar two right, where my guaranteed.
Speaker 2 (24:53):
With two is I'm going to turn my money into
a pension. Correct, I keep control of it my own pension,
but I still have cotrol of my money.
Speaker 4 (25:00):
Mike. Is it behind closed doors anywhere? Wide open, wide open,
like in the market, wide open, transparent? Absolutely?
Speaker 2 (25:06):
I know exactly what you're invested in.
Speaker 4 (25:08):
How often investment?
Speaker 2 (25:09):
If it's the mutual funds you love, almost mutual funds
you love?
Speaker 4 (25:12):
How often can I change the investments? Mike?
Speaker 2 (25:15):
Unfortunately as often as you absolutely to, you're given too
much flexibility.
Speaker 4 (25:19):
So my point is this, guys, Michael, answer this question
just very simple. Can I theoretically theoretically and we're not guys,
We're not gonna get down into the weeds theoretically high level, Mike,
Can I if I have a guaranteed benefit that will
accrue and ratchet higher, right, contractual guarantee right, regardless of
what happens to my underlying investments right, each year, I
(25:42):
don't touch it? Right? Can I theoretically be more aggressive
with my underlying investments than I otherwise could be?
Speaker 1 (25:47):
Not?
Speaker 2 (25:47):
Theoretically, Why wouldn't you? What? There you go when you
have these protections in place. This is where you step
on the gas. That not when you're naked. Yeah, yeah, right,
But when you have these buffers and protections in place,
that's when you're going for the brass ring.
Speaker 4 (26:03):
Why not? And we see, guys, we see a lot
of it. And listen, we understand, we understand the conservative
nature that many of you have. Right, we respect it.
And that's me, that's Mike, that's Mike. You're talking to him.
But it doesn't mean that with a dose of education,
you can't step your toe in the water. When we
(26:25):
talk about a pillar two, pillar three, pillar right, pillar four,
pillar five, right, you don't have to hold on to
those old fashioned fixed annuities. You don't have to go there, right,
you don't have to go ultra short term CDs. Right.
Speaker 2 (26:40):
It's like when you trade in your car. So, Dan,
if I'm going to trade in my car, do I
go buy a car that's ten years older? Or do
I buy the newest version that has the most benefits, right,
So why why are we still riding around in our
investments in a fifty seven Chevy Chris, Mike. Let's get
into the new world and improve your lifestyle.
Speaker 4 (26:58):
Absolutely so well said, absolutely so well said by and yeah,
we had so. And that's what we're doing, guys. And again,
those of you listening for the first time, if you
are catching us, we're boots on the ground here. We
want to bring you real world what we're talking about
with you, right, because that's what's relevant. We don't want
to talk about the Utility Index last week. You will
never ever ever hear about Dow performance last week. You'll
(27:21):
never ever ever hear about that. What we're trying to
do is take that next step with you, okay, and
educate with you on these airs. So again, that's what
we're saying. If you're not familiar with what we're talking
about regarding the pillars, come on down, w is Bob Barker.
I'm gonna do it again because I don't do it enough.
Www dot Madison Managers dot com. It's M A D
(27:43):
I S O N Managers with an s dot com
use the tax box and just let us know you'd
like a phone call. It's that easy, Michael, What are
you thumming?
Speaker 2 (27:49):
I read a really interesting article, okay, and it pairs
with some conversations we've been having with folks. And it's
called the deficit is sky high. We all know this, right,
we just talked about it in segment one. How we're
hopeful but somewhat doubtful that Dose is going to be
able to do what they want to do, right, And
(28:12):
the biggest hedge fund in the world is Bridgewater. They're
just they're a machine, right, they are an absolute machine.
And everybody takes a Bridgewater as the stock market guys,
but they also manage hundreds of billions in bond markets.
And I always have said, I think the bond market
guys are always the smartest guys in the room.
Speaker 4 (28:31):
Well, let's again, because they they they are by default
more conservative, right, because what are they concerned? What are
they concerned about? The ability to principle? That correct, the
ability to pay back principle, and that that's the bottom
that's the bottom line.
Speaker 2 (28:44):
So here's what the head of their bond department says, quote,
We're not concerned with the sky high deficit because we
look at both the combination of the public debt, right,
government and private debt. And we consider the two fungible,
meaning replaceable, like a dollar can also be four quarters, right,
(29:06):
And I haven't heard the word fungible in a long time. Fungible,
they said, Okay, now they have my attention. What are
they talking about? They said, while government debt has been ballooning,
private debt has been shrinking well because interest rates have
gone up the last come years. So they're looking at
the totality of this. Yeah, saying, we don't think this
(29:26):
is going to be the Titanic, at least not yet
well done. But I hadn't heard that viewpoint before. When's
the last time he said, Hey, Mike, Apple's coming out
with some new bonds. Google's going to issue some bonds.
They they're not. They're not doing it. They don't need to.
They don't need to, and with interest rates, says Hi,
they'd be crazy to do something.
Speaker 4 (29:44):
Right and who right? Exactly it exactly, writes Mike. And guys,
let's go back and the reality is listen, we talked
about this any time. We like to play the contrarian role.
We like to educat in the contrarian mode. Here and
we talked about this going in and guys, maybe the
year turns, maybe the month turns around, maybe it turns
out to be a fabulous month, and everyone skips into
(30:07):
the new year and everything's great, and you know, who knows.
But we did mention this mic going into the couple
weeks we mentioned it. You said, guys, when everyone's telling you, right,
when everyone's telling you they're going to be skipping and
dancing in the streets, get out of the streets.
Speaker 2 (30:24):
And we talked about this that once you have some
downward pressure on the markets, which we've had for a
couple of weeks now, then weight if I am the
manager of the Mississippi Growth Mutual Fund and I see
some weakness, I have no reason to be a hero
(30:45):
and not sell along with everybody else, because I want
to do two things. I want to get my bonus
right and I want to keep my quartel ranking in
that in the in the in the matrix of mutual fund.
So it's not that everybody has amnesia. It's always followed
the leader at the end of the year. So if
the marketer was rocketing higher, they're buying with both hands
(31:06):
on margins.
Speaker 4 (31:06):
So well done, Mike, So well done.
Speaker 2 (31:08):
Now on the opposite, they're all going to throw in
the towel because everyone's doing it. So it's it's okay,
and it's all right.
Speaker 4 (31:13):
It's all trend following, and that that's really what this
has become, guys. And that's why again, when you have
the pillars in place, when you have everything working in harmony, take.
Speaker 2 (31:23):
This burden off your plate. Absolutely, go worry about other things.
Go enjoy yourself.
Speaker 4 (31:27):
Michael. How beautiful would it be? Though? Let's let's just
play pretend. Let's talk about all those strategists who talk
about all the buckets of cash you have in your backyard.
You know ready that they're always just on absolute deck.
But Mike, let's pretend you had that bucket. What a
beautiful time it would be to pour a little bit
into pillar two. Wouldn't that be such a beauty? Could you?
Speaker 2 (31:47):
Well, I'm just I mean, that's your Christmas present to yourself.
Speaker 4 (31:50):
Oh, wouldn't that be? I could be aggressive with my
underlying investments, right, I can pick a pretty decent pullback here, Right,
I can get in at again benefit levels that again
are still at the highest or right near the highest
they've been in twenty years, and.
Speaker 2 (32:06):
We might get him for another quarter. It's we might
be much longer. We might well, but that's it. If
interest rates do start to come down, the music stops,
there's no chairs.
Speaker 4 (32:15):
On the right. How much and or you get some
market vibration such as this, how quickly? How quickly will
those guarantees come down? Guys, guys going to break grab
your DoD version two point l Guys, it's right here.
So many of you did it last week. You did
such a great job. Let's do it again. Www dot
Madison Managers dot com. We'll see right now.
Speaker 3 (32:36):
You are about your experience the planning for Prosperity show
in three two?
Speaker 4 (32:47):
Oh, it's that?
Speaker 1 (32:49):
Is that?
Speaker 4 (32:50):
Yeah?
Speaker 2 (32:51):
I heard the version, his daughter's voice, it's great.
Speaker 4 (32:57):
Michael Slade Brown, Daniel Polanski, mister producers here, happy holidays.
Holidays will never stop us from doing a show, right, Michael,
Quite the opposite. We're spreading cheer. Yeah, we love it,
We absolutely love it.
Speaker 2 (33:12):
Merriment.
Speaker 4 (33:13):
We can spread merriment because we talk about the pillars.
We talk about education. We talk about is state planning
and educating you for free? Who does that? Michael?
Speaker 2 (33:21):
And you know I'm gonna start actually accepting more and
more of people say I have an education and other things.
I don't want to. I don't want to know the
inner workings. Give me the scenarios. If it's good, what happens.
If it's bad, what happens? Thanks, let me move on.
Speaker 4 (33:38):
Well again, guys, www dot Madison Managers dot com. We
can educate you on the pillars. We can get you
the d D two point zero which so many of
you requests last week. They're free, guys, They're free, free, free, free.
One of the white papers I have now elected as
my favorite and he must have. So again, keep it simple.
What else is free this holiday? We can not too much.
So again grab those Mike truth I want you. And
(34:01):
again I gotta get back to this. I gotta get
back to this, Mike. Talk to just about pillar five, please, Mike,
because again.
Speaker 2 (34:09):
I know Daniel, have you been a good boy?
Speaker 4 (34:11):
Do? I definitively do. If anyone does, Michael, it's mary
so to please please do, guys. And this is a treue.
This is a treat, guys, when you have the master.
And again I'm not a solicitor to buy cell wholeop.
You guys get it. Michael originated these strategies in this area. Okay,
he didn't build them. He brought them to you. He
(34:32):
educated you. He didn't stuff them down your throat. He
educated you, and you made your own decisions. Okay, very
very wisely. So now Michael has reminded us of a pillar,
a long lost pillar, and he brought it up because
for the first time in forever, literally I can't remember decades,
the interest rates made a lot of sense. And you
(34:54):
know what, guys, you guys are responding, you're calling we
love it. You're getting on the Google machine Www. Dot madam,
the managers dot com. You're looking at a model, the
picture of a male model who plays Michael Slade Brown
on that Google machine.
Speaker 2 (35:07):
You're looking at that. Okay, I don't know who that
guy is. He's handsome, he's good looking.
Speaker 4 (35:11):
Cat. Now, guys, this is something. This is a Christmas
treat we're gonna have. Michael explained Pillar five, because I
think it's really going to resonate like it never has.
Speaker 2 (35:20):
All Right, So here here are my I'm not gonna
say fears, my concerns going forward. My number one concern
is that our tax rates are going to start getting
scary tax is going higher, so I don't want to
pay taxes.
Speaker 4 (35:38):
The above, all the.
Speaker 2 (35:40):
Net investment income tax penalty box, the medicaid penalty box,
all those things. So I don't want to pay taxes
until I want to spend my money. Number one. Number two,
this is for my safe, safe money. I can't lose.
I don't want to lose a nickel ever, but I
want to have at least some rate of return. Worst
(36:02):
case scenario. That's positive, a positive right now. So if
you get in the club today, this is what your
floor is forever. Yes, three percent per year compounded, three
percent return the worst case scenario compounded. So that's number
two tax deferral, don't lose my money.
Speaker 4 (36:23):
Three and a very nice return, very nice compounded minimum
rate of return.
Speaker 2 (36:30):
But behind the scenes, I can invest the money in
any flavor of stock market stuff I want, yes, please,
And let's just say I want the go go big boys,
super I want all the big tech names, super great, awesome.
Let's say that twenty twenty five they go up seven percent, Okay, great,
I don't get three percent my floor. I get the
(36:51):
seven and now and now that's locked in. And now
the worst case I can do is three percent in
the next year off of that. Oh, now, let's take
the other look. I put my dollar in, market goes
down twenty percent next year better, Yeah, okay, I'm up three.
I didn't get any tax bills from the mutual funds
(37:13):
that lost me money and still gave me a ten
ninety nine. And now market's down twenty it goes up
five the next year. I make my five, but I
made three the year before. I'm up almost nine. Everyone
else is down ten.
Speaker 4 (37:27):
Still, isn't that nine?
Speaker 2 (37:29):
So this is hard theater of the mind. You got
to come into the office and we'll actually go through
the graphs. But this is a way, and the compliance guys,
is gonna kill me. Risk free, I can't lose my money.
But if the market does. What if the market compounds
at seven percent a year, everyone would love it. I
get seven a year, but I'm not paying any.
Speaker 4 (37:49):
Tax guys, guys, so everybody.
Speaker 2 (37:52):
Else think of this. You make your seven percent per
year any mutual funds, but you pay taxes all year.
But every year, you know, not really getting the seven.
Maybe you're getting a five and a half.
Speaker 4 (38:01):
But you know who this is stirring up Mike you
know who. We're really agitating the people. And again, guys,
it's not your fault. I preface this. It is not
your fault. Okay, you blot the fixed annuities one and
a quarter, whatever it happens to be, not your fault,
(38:21):
not your fault. It's just please, guys, let us help.
Speaker 2 (38:25):
It's it's an immediate slam dunk improvement.
Speaker 4 (38:28):
We right, we We don't want to make it any
more difficult than that. Let us what about?
Speaker 2 (38:33):
Hey, I'm going to go to the bank and for
a one year CD I don't even know what they're
going for four four Okay, that's great. But of that
four percent I federal tax and Iowa state tax.
Speaker 4 (38:45):
Great?
Speaker 2 (38:45):
So what did I really get?
Speaker 4 (38:46):
Great?
Speaker 2 (38:46):
Did I get three point two? But that's the most
that that's the most I can ever make in pillar five.
I'm getting three tax deferred. Maybe I can make seven,
eight nine.
Speaker 4 (38:55):
Maybe I get maybe I get upside. What what if
I do? Think, Mike? What what if? Could you imagine this?
What if?
Speaker 2 (39:00):
What if the Federal Reserve does coute? That's great dance.
They're in the club. Once I am in the pillow
five club. Today, that minimum three percent per year.
Speaker 4 (39:10):
Yeah, is guaranteed.
Speaker 2 (39:11):
Yea.
Speaker 4 (39:12):
Yeah.
Speaker 2 (39:12):
Now here's the bad news. I can't go out ten years.
I can't go out twelve years. These are short term things.
Speaker 4 (39:18):
That's the shame, guys, that's the shame of it. But
there is a little given, tay right, that's given. Take Hey,
there's no free lunch, that's given. I'm getting the best
of everything else. I can only go out five years. Michael.
Let me ask you this. If I give you a
couple hundred thousand for this, do do I pay commission?
Speaker 2 (39:32):
Oh? And well, so we all realize Wall Street is
not a benevolent organization. I think everyone's pretty aware of
that by now. So we give these folks a dollar.
They're making money off our dollar because they're making more
than the three percent minimum that we're going to get.
It's an ATM machine for these guys. It's gold for them.
(39:54):
They pay people like Daniel and I out of their
excess earnings, their return. That's how we get paid. Because
we're not benevolent either.
Speaker 4 (40:03):
No, no, no, no, We've got to make a living, guys,
and we're and we're and we're more than more than
proud to say that. And you guys respect that those
of you on the cruise ship. Listen, we're here for
I mean you, you'll get you get the drill.
Speaker 2 (40:12):
Okay, well let me let me ask you, Dan, whatever
you're in a different profession, do I want to go
to you? If you're destitute? Under you don't make any money?
Speaker 4 (40:22):
We point this out all the time, under no, under
no circumstance, under.
Speaker 2 (40:25):
No so so yes, maybe I buy used shoes, but
that's because I'm cheap.
Speaker 4 (40:30):
And you do have a slate shirt on, which has
to be that's gotta be used. That's got to know.
Speaker 2 (40:34):
Actually, this wasn't This is a Charles Turwit this this
is a fancy shirt. This is fancy pants. Oh wow,
yeah yeah, Michael looks great to these guys. You guys
want to see the slate? Are you guys gotta get mad?
We could wait a minute.
Speaker 4 (40:47):
What's going on here? God?
Speaker 5 (40:48):
What producer looks fantastic? U? Both of these guys, guys,
your pocket square looks. Both of these guys are are
literally shirt and tie here on this holiday weekend. And
I'm I'm just kind of here spouting, but.
Speaker 2 (41:02):
Those are lovely gray sweatpants.
Speaker 4 (41:03):
You're oh stop it, Michael, how dare you how dare
you guys again with your caterpillar tractor winter cap. Guys,
we are here for you. Okay, so many of you
grabbed DoD version two point zero last week. We can't
thank you enough. We need you to do it again. Yes, yes, yeses,
But here's I got it. We only have a couple
of minutes left. But what do you got when you.
Speaker 2 (41:23):
Were talking about in the DoD that white paper what
to do with a loved one dies and a great conversation.
And this woman says, I'm the executives for my mom.
Her health is failing. It's not tomorrow, but it's failing.
I only have a couple of minutes. I'm gonna give you
bullet points within the DoD. You need to also read
the piece about the twenty five docs, the common mistakes
(41:45):
executors make, the challenges of being the executor. And I
asked this person, do you know the legal people who
did the work? She said no. I said, you got
to You got to meet with them immediately. Do you
know the financial people that help mom know you have
to get there and talk to them. Do you know
the tax people? No, we got to get there and
talk to them. Now, I said, your power of attorney. Yes,
said if you've gone to each of those financial institutions
(42:08):
to see if they've acknowledged that outside power of attorney
yet oh and there was there was silence on the phone. Everybody.
Here's a little dirty trick. You can have the best
power of attorney drafted by our best attorneys. It doesn't
mean any financial institution has to abide by it. They
will often take your what they call outside power of attorney,
(42:32):
acknowledge it and say, wonderful, now here's our internal power
of attorney. Correct, And they will not execute business without
that internal power attorney. So if you have to go
to five different banks and financial institutions you got to
go to find maybe you should consolidate to one.
Speaker 4 (42:47):
Yeah, well, well, well, well said Mike. Guys, and also
too and not the not to be the reminder of
this on the unenjoyable process. Those of you that have
to use the one eight hundred number this time of
year at financial institutions, I'm sorry for you. Whoa wow.
Speaker 2 (43:09):
If you have not tried to execute your required minimum
distribution for this calendar year, you have problems. Do it yesterday.
Speaker 4 (43:18):
How about if you're trying to execute a trade. What
if you need money, Well, we've talked about that forever.
We've talked to guys. Guys, guys, and so many of
you have now seen this. We've talked about this forever.
Forget the rollovers, forget the process that we help you
through when you move money to Madison. What we always
like to point out is, what if you literally needed
(43:41):
a refrigerator? What if you a car repair? Better yet, Mike,
all of the above, like needed it, needed.
Speaker 2 (43:50):
A medical emergency, nearly get your money.
Speaker 4 (43:53):
Guys, guys. It's so in today's day and age, and
I say this, I think I might say this as
well as anyone in today's day and age. Shame on you.
If you don't have an account representative, shame on you.
Speaker 2 (44:04):
And someone that you know and knows you. Maybe you
can reach out to even touch.
Speaker 4 (44:08):
Them exactly exactly right, guys, And we hope it's a
US happy holidays. We hope you have a Mary Mary,
a Mary Bright, enjoyable everything. In the meantime, guys, let
us help make it merry and bright DoD version two
point zero www dot Madison Managers dot com. Merry Christmas, guys.
We shall see you all in the office. See them,
Securities offered through Osaic Wealth Inc. Member FENRA, SIPC, Investment
(00:03):
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
accuracy and completeness are not guaranteed. Neither Osaic Wealth nor
Medicine Wealth Managers accept any liability for the use of
(00:25):
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
(00:57):
indication of future results. Investments involve risk and the possible
loss of principle.
Speaker 3 (01:04):
You are about your experience the Planning for Prosperity show
three two.
Speaker 2 (01:11):
Er Ingle, Wait, you went back to the well again.
I was, I get it. It's Christmas week.
Speaker 4 (01:23):
I understand, Mary, Mary Happy, Happy, Welcome to the holiday
cruise ship, the Christmas cruise ship, the New Year's Cruise ship,
the Honeka cruise ship, all of the above, all of them,
all of the above.
Speaker 2 (01:36):
Although you are not wearing anything festive, actually none of
us are.
Speaker 4 (01:39):
Yeah, you're wearing like a flat you were in silver?
Is that silver?
Speaker 2 (01:42):
I think it's called slate.
Speaker 4 (01:46):
Happy holiday weekend everyone planning for a prosperity radio hour.
The voice of Slate is none other than Michael brown Man.
It's a great name, Michael Slate, Slate Brown. I am
Daniel Polant of these Madison Wealth managers. Guys, you guys
in the spirit of the season. Oh, Mike is applauding.
(02:07):
I'll applaud big, unbelievable response last week. Kudos, kudos to you,
all of you. And here's why www Dot Madison m
A D I S O. N. Managers with an s
dot com www dot Madison Managers dot com. You guys
(02:30):
clean op d O D two point ohers. You cleaned
them up. I mean, which is again, they are out there.
Get them all kidding aside, guys, And we heard this
from a lot of you. I have family coming into town.
I have my potential executor, right, Mike, And here's what
hit last week. And I will take some credit for this,
(02:52):
and I will give you credit. I will give you credit, Michael.
I flipped, Oh wait, discuss if you missed last week's show.
I forever and ever and ever I thought the most
important white paper in the DD two point zero right
was the executive timeline. I'm wrong. I'm I'm totally wrong.
It is what to do when a loved one dies.
(03:14):
It is that simple, guys. It's number one. You need it.
It's not, Mike, it's not. That's not optional anymore. I
don't view that as optional.
Speaker 2 (03:22):
Not in the day. We live in this digital age
where now the bad guys are not only really good
at tech, now they have AI helping them steal your
identity and your money. Yeah, I guys, again, I just
just land mine after land mind.
Speaker 4 (03:36):
I can't say this with enough sincerity, with enough forcefulness.
I know they kind of they kind of keep my
voice down on these airs because I am screaming in here.
But it's fine. It's more it's digitally monitored. But the
digitally what which is mastered? Mastard remastered. It's mixed and remastered. Guys, again,
not optional, what to do when a loved one dies?
The white paper, it is absolutely absolutely not optional. You know,
(03:59):
if you've been with Mike can I over these years,
you know that sometimes I would say, yeah, grab it,
if you grab it, if you can. You know, other
times I would say, absolutely necessary, this is absolutely necessary.
The best way to grab it is DoD version two
point zero. It's our estate planning work. We can have opinions.
We feel it is our best estate planning work. It
is bound, it is beautiful, it is rare earth materials,
(04:22):
and you guys, grab me a ton of them. Do
it again this week. It's that simple. If for no
other reason than what to do when a loved one dies.
Speaker 2 (04:30):
Now, Dan, we're gonna come back to that, but for
listening to audience, and we said this before. Dan and
I do not rehearse. We walk in with whatever we
want to talk about. And we just play it back
and forth like tennis. And I've brought some couple of
things that I read that I thought were interesting in
me to share. And before we even get out of
the air, Dan says, can you remember a single head
(04:54):
of a government department that was actually memorable for doing something?
And I couldn't think of a single purse.
Speaker 4 (04:59):
I said it, guys, I said it, and I said
it with respect to and this is non political, conservative, liberal,
wherever you fall. We were just talking about the fire
sale that's going on Wall Street, which, by the way, Mike,
I think we've be talking about this for a couple
of weeks. We have mentioned well timed about a little protection.
I may mention that hypothetically, but the point is this,
(05:20):
and again not a solicitation by a seller hold, but
a sector that is absolutely fire sale levels is biotech,
right It's it's as with a lot of other sectors
right now, but it's being given away for whatever reason.
Speaker 2 (05:32):
And some of that could be political thinking that a
new cabinet member might be looking into big pharma.
Speaker 4 (05:39):
Maybe hypathetically exactly.
Speaker 2 (05:41):
The real question is how much how much power do
they actually wield? Right? How big of a bad can
they swing? But I had brought because I read this.
Everyone's talking about doge right government efficiency and it sounds
fab I'm all for it, love it right. There's more
waste in our government than I think anywhere in the world.
(06:02):
But we might be getting ahead of ourselves. It's just
how effective they might be able to be. So this
I didn't. I didn't think this up. I just read it.
And this guy named three different times where they tried
to reign in some government spending. Nineteen seventy five, Senator Proxmier,
he launched this is funny something called the Golden Fleece Awards,
(06:24):
where he spotlighted the most absurd government waste. It just
went away. Reagan commissioned the Grace Report where they came
up with that this is back in the eighties, four
hundred billion in savings. Congress just ignored it. Bill Clinton
nineteen ninety three, The reinvent government just went away. They
(06:46):
all had the right thought. But the machine is always hungry,
it always and it always wants more.
Speaker 4 (06:55):
Very well said, I love.
Speaker 2 (06:57):
The thought of this dog because it's so wasteful. There's
so much theft.
Speaker 4 (07:04):
I'm not holding my breath so Michael, what would you
say to the listener out there who's saying cheez. You know,
I've listened to these guys now and kind of write
about this little market indigestion, and now they're maybe talking
a little bit about some hypotheticals what may or may
not occur. Michael, which direction would you lean? Would you
(07:27):
lean towards protecting your investments? Would you lean towards that
direction or would you lean to be completely nude out
there and just let it rip.
Speaker 2 (07:37):
Well, let's let me give you an example. This past Wednesday, right,
the Federal Reserve lowered interest rates by one quarter of
one percent.
Speaker 4 (07:46):
I'll throw something else at you real quickly, I'll throw
something else. I don't think there was anything new in
what they said.
Speaker 2 (07:52):
But what happened immediately after that announcement was made. It
was an absolute bloodbath in the market for the next
hour and a half, and they absolutely tarnished a lot
of stocks. Yes, it absolutely punished them. Now we're sitting
here and I'm saying I'd rather not see that happen.
I want the market to go up. But I didn't
(08:14):
lose a nickel. Our clients didn't lose a nickel because
when you have protections on your money, you absorb those days.
So that's a very long way to answer the question. Yes,
if you don't have protections on your money, I'm not
being mean. You're either really lazy you just don't care.
Now I care.
Speaker 4 (08:33):
I think that's I think you can.
Speaker 2 (08:35):
And then we sometimes I think, put out this kind
of aura where we we want to educate first. But
that doesn't mean we require people to be able to
tell me how the watch works. Just tell me what
time it is. You don't have to get into the
weeds with this. Sometimes you just want it to go away,
(08:55):
and I understand it, and we will make it go away.
We're not going to make you sit in class and
wrap you on the knuckle with the ruler if you're
not paying attention. It's here if you want it. It's
not necessary.
Speaker 4 (09:04):
Well done, Mike. That's that's no, that's it, Mike. That's
very well done. So just to recap, and again, guys,
we can't thank you enough. HOUNDDD two point zeros. If
for no other reason than what to do when a
loved one dies, it is mission critical that you grab that.
And it's free, guys, make the mistake. It's free. We
don't say that enough either. The shipping's free, and it's Michael.
Speaker 2 (09:27):
You know we're gonna say after the fourth one we're
gonna start charging for people. Are com gonna say, give
me seventeen of them. I'm gonna put them in people's
Christmas stockings. That's just being.
Speaker 4 (09:36):
Abused, So will Well, you need a little abuse every
every now and again. But guys, at all sincerity, great job,
continue doing it. And again, guys, what can we say.
I mean, you can't say anything else. I mean, we
educate on these airs regarding protections, and you know where
we stand with respect to that. So listen, we've got
the in my opinion, the expert in the area. He
(09:57):
sits right across from me here. And if you want
to if you want a tutorial, you want to learn,
that's what we're here for. And now it's the time.
It's you ran. We're getting into the new year, and
it's a little rocky out there. It's a little rocky
wolf Www dot matisadvantages dot com. Guys, go there right now,
d O D two point zero. Let us know how
many and how to get them to you. Again, they're free.
(10:19):
We'll see right back you are about.
Speaker 3 (10:22):
Your experience the planning for Prosperity show. It's three.
Speaker 4 (10:36):
It's all good song.
Speaker 2 (10:38):
But oh, this took a lot of heat there. Oh
you remember that? Yes it was band.
Speaker 4 (10:44):
Yeah, Managing director Michael Slate Brown on Daniel Planska and
welcome aboard.
Speaker 2 (10:49):
The cruise, Dean Martin.
Speaker 4 (10:51):
Yes you yeah, you're right. This did take a lot
of heat. Yeah.
Speaker 2 (10:54):
Whereas where does all those just graphically awful rap songs.
They're okay, they win awards and target special areas inside
their stars and it's all good.
Speaker 4 (11:05):
Guys. Again, let this all be an advertisement for protections
on your portfolio, please, because everyone listening.
Speaker 2 (11:12):
Everyone listening. If you've been into a retail store in
the last few days, tell me how frustrated you are
with everything, the prices, the service, everything's moving at a
glacial pace. That's just a microcosm of the world.
Speaker 4 (11:25):
It really, the world is just burning. Guys. Www dot
Madisonmanagers dot com. Again, we're gonna thank you to the
core on this holiday weekend. You guys, make this ship sail.
You grab the DoD version two point zeros in incredible
quantities last week and we wanted to continue, Okay, we
wanted to continue this week, and Michael, I will pat
(11:46):
myself on the back, okay, because I think and I'm
patting you on the back as well, because you have
always challenged me, right I said forever. The estate planning
timeline most valuable piece in my opinion. In my opinion
in the D two point out.
Speaker 2 (12:01):
Let's just take why is the timeline important? Not just
so you, if you're the executor executives know what is
expected of you by law. It is a shall we say,
a deflection device against other people than the beneficiary, who
are saying, Dan, dad passed away last month, where's my money?
(12:25):
And you can say to your sibling, well, I need
to do these six things before I can begin that process.
And communication is the key to all this.
Speaker 4 (12:33):
Well done, and everybody.
Speaker 2 (12:35):
For many many years, people would say, I'm gonna pick
my son or daughter who's a lawyer or an accountant
or a finance professional to be the executor so they
know they understand what's going to happen. That's not the key.
The key is who's the most organized and who's the
best communicator, because you can have professionals help you with
the other nonsense.
Speaker 4 (12:54):
Well done, Mike, well done, and maybe I missed that.
Maybe I missed that. And I also to your point, Mike,
I also and guys, this is not a knock on
any of us, it's all of us. I think the
executive timeline also to your point, Mic, assumes there's an
alpha that is the organizational king or queen and takes control.
Speaker 2 (13:13):
It also makes another big assumption that the person that
passed away was organized.
Speaker 4 (13:18):
And what are the and when we combine those two, right,
when we get that permutation, what percentage of us is that? Mic? Unfortunately,
it's love lo that's the key, whereas what to do
when a loved one dies? And I think, to my credit,
I think I've said this from the get go that
seventy five percent of the items no one would ever
think about, regardless of a profession. You could be in
(13:39):
the planning profession, you could be in the information security profession,
you can be in the anything profession. Okay, seventy five
percent you will not think of it.
Speaker 2 (13:46):
And even twenty or twenty five years ago, half of
it wasn't relevant because we didn't have identity theft just
running rampant, right, We didn't have money launderers, we didn't
have the people who are so good at the tech.
They're better than the police force trying to protect us.
Speaker 4 (14:01):
And I think Mike all so too. I think if
you run through what to do when a loved one dies,
and you go check by check by check, I think
you have an immense feeling of accomplishment when you can
play it, maybe amense, maybe a little sense of relief.
Oh that's in a time where you're already stressed. Yes, guys,
you're already stressed again. Please please please do D version
two point zero. They're free. I always suggest you get
(14:23):
to You did such a masterful job less last week.
Let's do it again. It's Christmas week, it's New Year's
let's get thinking about all of this and the easiest way, guys,
and I can I love doing I don't remind you
guys enough www dot Madison Managers dot com.
Speaker 2 (14:39):
Just use one of the taxboxes, request the info as
soon as you get rid of the in laws or
the outlaws after the holiday season. Then you pick it
up and you read it and so do it while
you're thinking of it.
Speaker 4 (14:48):
And you give a call to got you give a
call also, I've got to say this, Mike, can I
interject with something to Yeah, we've got enough time. Can
I interject with this? And I don't mean to be this.
I don't mean to be all about you this week, Mike.
Speaker 2 (14:59):
But please feel free.
Speaker 4 (15:00):
I got to tell you what where We're getting a
lot of inbounds on pillar five, and.
Speaker 2 (15:08):
We're going to get more after this week the carnage
that happened. And then it's going to be mid January
when two things happen. People are going to get their
December statements and say, ouch.
Speaker 4 (15:19):
In the best month of the year.
Speaker 2 (15:20):
Remember this seasonals, Oh, December stung you. I got coal
in my stocking from Wall Street one two. Then you're
going to get the ten ninety nines for the tax
bills for the mutual funds that didn't make any money
and still pay you taxes and new paid fees for
so pillar five again, I'm going to get, as it
(15:41):
stands today, three percent in a rate of return worst
case scenario. Can't lose a nickel total insulation market goes up.
I can make four, five, six, seven by ba by bla.
Speaker 4 (15:52):
I play along. In other words, I play a long Yeah.
Speaker 2 (15:55):
But you're totally bulletproof. So that's why people are interested
in pillar five. Now that here's my fear, Dan as
the listening audience, Madison Nation. You know, we do not
invent investment product.
Speaker 4 (16:10):
It's the in fact, it's the opposite. What do we do, Mike.
Speaker 2 (16:13):
We review what's out there, yes, to try to find
what we think is best in show.
Speaker 4 (16:18):
Do we really have restrictions on what we can look at? Mike?
Speaker 2 (16:21):
I mean everything has to go through the compliance bucket.
Once you are blessed that you're not a shyster, you're
not a low rated company. You don't have eighty five
billion in lawsuits against you now of that entire universe,
which is the most Now we're free and clear, Mike.
We can think anything we determined to be in the
client's best interest.
Speaker 4 (16:42):
And what we talk about, guys, and this is really
something okay because I did a little I had a
little uh, I hit a little research assignment that I
took a look at earlier. And you know what, Mike,
I didn't even realize this. You realize, and again we
always talk about a rated and show. That's all will
look at, right, that's all will look at.
Speaker 2 (17:02):
Because why would you look elsewhere?
Speaker 4 (17:04):
You realize one of our insure, one of our favorite
insurers that provide these guarantees that we talked to you about.
You really said, just received a second ay rate. It's
almost unheard of.
Speaker 2 (17:11):
Double I realised that it doesn't happen much anymore because
sometimes it's not worth the effort. Can you write, it's
a point of diminishing return. And I understand, But do.
Speaker 4 (17:22):
You know what I'm saying, Mike again, we guys, that's
what we talked about. Wouldn't we be looking at the best.
We always talk about this from the standpoint of and
then you say, well, what's the guarantee? What's guaranteed? Guys,
at the end of the day, if you have a
contractual guarantee from an A rated and or a double
A rated insurer, there's not much else. There's not much.
And yet we always say this, if you want the
(17:43):
doomsday trade, don't again, let us in on it. Okay,
let us in on it, because as far as we know,
and we've learned from some of the best guys, it
goes black ones, goes dark ones, right, it goes dark ones.
And at that point time, as Mike said, there didin't
no stop there t ain't know this or tain't know
that there's maybe some chicken feed, you know.
Speaker 2 (18:05):
And I'm not a doomsday or I'm a bit of
a prepper, but I'm not a doomsday because if that
kind of event were to occur, it doesn't matter if
I have gold coins, whatever will doesn't matter. If I
have plutonium, it doesn't matter whatever you want. The real
currency's going to be ammunition. So let's hope we don't
get to that.
Speaker 4 (18:25):
Path of whatever you want, guys.
Speaker 2 (18:27):
So it can't be doomsday.
Speaker 4 (18:28):
I have faith, right, and we can't. And again, guys,
we can't. I mean, and again, listen, if that's just that,
that's your MO, that's your emo. It's just again, the
investment realm is not for you. Let's be brutalized. The investment,
the traditional investment realm is not for you.
Speaker 2 (18:42):
See, and a lot of people disagree with me. I
look at the financial markets as one thing and one
thing only. It's a means to an end. I want
to grow my capital. I need to keep my purchasing
power in place. With inflation just being insaneo and it's
going to be for quite some time. You don't just
turn off, not to switch and inflation goes away. Absolutely,
So this new administration doesn't have a magic bullet to
(19:04):
do so. So I need to have the ability for
my capital to grow, yes, for either my consumption or
when I'm gone for my kiddos. Yeah, but at the
same time, I don't have to drink the kool aid
that the stock market is the big casino in the
sky and is always gonna bail me out. Well, so
I can have buffers and protections in place for when
(19:26):
times like now are happening.
Speaker 4 (19:27):
And guys, here's the thing, And you know, we've educated
you on buybacks, right, We've educated you on the power
that the Big five, the Big six, the Big seven,
the Great whatever you want to call them, have with
respect to being able to buyback thrown stock. Michael, I
talked to many of you this week. Could you imagine
what this market would have looked like had these buyback
windows been closed like they will be in two weeks. Oh,
(19:50):
did you mention that the circuit breakers have come on?
Oh it's been a while, But make the mistake, guys.
Speaker 2 (19:56):
That it hasn't happened since what COVID.
Speaker 4 (19:58):
We've talked You're right, Mike, and we've we talked about
this for a while, guys, And again this is just
its educations, not meant to It is what it is.
This market has been dragged for two years and I
can I'm not talking about one month, Oh my god,
the banks were great one quarter the industrial is great.
Not talking about that. I'm talking about the total return
on this stock market from the low is provided by
(20:18):
the super sixth grade eight, super seven. It's off the charts.
It's off the charts. Okay. If you don't want to
believe it, look around what just happened. Look around the
one day where the Googles decided not to go on
the Amazons riot the Papples when they decided not go
it looked like Mike, to use your language.
Speaker 2 (20:40):
It was it was just eerily quiet.
Speaker 4 (20:42):
Look like there was a lot of nakedness out there. Guys.
Let's educate. Www Dot Madison Managers dot com. Guys, DoD
two point ohos grab them. You did great last week
to free.
Speaker 3 (20:54):
You are about your experience The Planning for Prosperity Show
three two.
Speaker 4 (21:11):
Michael Slate Brown Madison Wealth Managers Www Dot Madison, m
A D I S O. N Managers dot com. Best
way to grab your d D two point ohs, which
so many of you did last week. Big thank you,
kudos to all of you who are now being educated
(21:33):
and you're educating authors. That's the that's the key, bike,
that's the key. When you guys grab two, you grab
one for a friend, whatever it happens to me, you're
helping to educate others. Okay, and again, all of state
planning all the time. I mean, that's that's what that's
what it is, you know.
Speaker 2 (21:47):
And you could say that estate planning you have to
incorporate a couple other things, your investment financial planning stuff,
your insurance type stuff, and your tax type stuff. So
it encompasses all of those branches, all those silos. We
talk about estate planning as how to execute things. Yep,
(22:08):
there's a bigger picture there, and there needs to be
communication amongst all those different disciplines, right because we all
know that little game when you're a kid, there's a
bunch of them sitting around a table and you whisper
a secret. By the time it comes back to you,
it's a totally different secret. Things get lost in translation,
things slip through the cracks, Madison. We want that to
not happen.
Speaker 4 (22:27):
Well done, Michael.
Speaker 2 (22:28):
Well, so if you want the investment stuff, Dan and
I and other people on the team. You want the
insurance stuff, that's great. You want the estate planning stuff.
We walk down the hall and we have a conversation.
Speaker 4 (22:39):
So true, so true, and again we put it all
together again. We like to be that on, try to
be what we call the DoD version two point zero,
which is our bound estate planning work. Guys, we've been
talking about two distinct, separate white papers that we've gone
back and forth, back and forth, back and forth, and
finally I'm coming to micro sid. I agree that the
(23:00):
white paper that he prefers, entitled what to Do When
a Loved One Dies is mission critical. It's mission critical.
And it was a conversation with one of you that
changed my mind. Quite simply put. It's it was a
conversation with one of you, Mike. I'm also listen. One
of our blind spots is such.
Speaker 2 (23:15):
Okay, we have many.
Speaker 4 (23:16):
We have we have many, but one of them is
simply put in that when we talk about the pillars, right,
when we talk about the pillars, the protected pillars, right,
we never ever speak enough regarding the built in estate planning.
We never talk about that, mind.
Speaker 2 (23:33):
Because there's so many facets to it. Even the simplest
pillar five, the simplest thing ever, you've got death benefit
and beneficiary designations built in right there, boom, right, there's
your estate plan for that dollar. Done absolutely, yeah, no probate,
no shenanigans, it's done.
Speaker 4 (23:50):
Yeah. And that and that. I firmly believe we don't
speak about enough because we end up talking with so
many of you that ask, and you ask, well, I
do get I do get a death benefit with that?
Don't I?
Speaker 2 (24:02):
Or say, how do I put this in my will
to make sure my kids get it? No? No, no, no,
the will doesn't govern this.
Speaker 4 (24:08):
No, no, no.
Speaker 2 (24:09):
We've caught above and.
Speaker 4 (24:10):
Beyond the will. It's so guys, it's awfully clean. It's
awfully clean. It's awfully sleck. You know, it's awfully sleck.
Speaker 2 (24:16):
And it's great. It's slick because it's simple. There are
such elegance and simplicity. I believe you know. One of
my favorite things is Okham's razor, when when you're faced
with a number of different solutions, go the easiest one.
Speaker 4 (24:29):
Let me go. Let me ask you this, Mike. And
we've had this discussion and again we're kind of pounding
the highlights here right, this is highlight real stuff.
Speaker 2 (24:36):
We have short a little, big time.
Speaker 4 (24:38):
But here here's the point, Mike, And we've made this argument.
You've made this argument. I've made this argument. If I
have something that will accrue a benefit right, such as
pillar two right, where my guaranteed.
Speaker 2 (24:53):
With two is I'm going to turn my money into
a pension. Correct, I keep control of it my own pension,
but I still have cotrol of my money.
Speaker 4 (25:00):
Mike. Is it behind closed doors anywhere? Wide open, wide open,
like in the market, wide open, transparent? Absolutely?
Speaker 2 (25:06):
I know exactly what you're invested in.
Speaker 4 (25:08):
How often investment?
Speaker 2 (25:09):
If it's the mutual funds you love, almost mutual funds
you love?
Speaker 4 (25:12):
How often can I change the investments? Mike?
Speaker 2 (25:15):
Unfortunately as often as you absolutely to, you're given too
much flexibility.
Speaker 4 (25:19):
So my point is this, guys, Michael, answer this question
just very simple. Can I theoretically theoretically and we're not guys,
We're not gonna get down into the weeds theoretically high level, Mike,
Can I if I have a guaranteed benefit that will
accrue and ratchet higher, right, contractual guarantee right, regardless of
what happens to my underlying investments right, each year, I
(25:42):
don't touch it? Right? Can I theoretically be more aggressive
with my underlying investments than I otherwise could be?
Speaker 1 (25:47):
Not?
Speaker 2 (25:47):
Theoretically, Why wouldn't you? What? There you go when you
have these protections in place. This is where you step
on the gas. That not when you're naked. Yeah, yeah, right,
But when you have these buffers and protections in place,
that's when you're going for the brass ring.
Speaker 4 (26:03):
Why not? And we see, guys, we see a lot
of it. And listen, we understand, we understand the conservative
nature that many of you have. Right, we respect it.
And that's me, that's Mike, that's Mike. You're talking to him.
But it doesn't mean that with a dose of education,
you can't step your toe in the water. When we
(26:25):
talk about a pillar two, pillar three, pillar right, pillar four,
pillar five, right, you don't have to hold on to
those old fashioned fixed annuities. You don't have to go there, right,
you don't have to go ultra short term CDs. Right.
Speaker 2 (26:40):
It's like when you trade in your car. So, Dan,
if I'm going to trade in my car, do I
go buy a car that's ten years older? Or do
I buy the newest version that has the most benefits, right,
So why why are we still riding around in our
investments in a fifty seven Chevy Chris, Mike. Let's get
into the new world and improve your lifestyle.
Speaker 4 (26:58):
Absolutely so well said, absolutely so well said by and yeah,
we had so. And that's what we're doing, guys. And again,
those of you listening for the first time, if you
are catching us, we're boots on the ground here. We
want to bring you real world what we're talking about
with you, right, because that's what's relevant. We don't want
to talk about the Utility Index last week. You will
never ever ever hear about Dow performance last week. You'll
(27:21):
never ever ever hear about that. What we're trying to
do is take that next step with you, okay, and
educate with you on these airs. So again, that's what
we're saying. If you're not familiar with what we're talking
about regarding the pillars, come on down, w is Bob Barker.
I'm gonna do it again because I don't do it enough.
Www dot Madison Managers dot com. It's M A D
(27:43):
I S O N Managers with an s dot com
use the tax box and just let us know you'd
like a phone call. It's that easy, Michael, What are
you thumming?
Speaker 2 (27:49):
I read a really interesting article, okay, and it pairs
with some conversations we've been having with folks. And it's
called the deficit is sky high. We all know this, right,
we just talked about it in segment one. How we're
hopeful but somewhat doubtful that Dose is going to be
able to do what they want to do, right, And
(28:12):
the biggest hedge fund in the world is Bridgewater. They're
just they're a machine, right, they are an absolute machine.
And everybody takes a Bridgewater as the stock market guys,
but they also manage hundreds of billions in bond markets.
And I always have said, I think the bond market
guys are always the smartest guys in the room.
Speaker 4 (28:31):
Well, let's again, because they they they are by default
more conservative, right, because what are they concerned? What are
they concerned about? The ability to principle? That correct, the
ability to pay back principle, and that that's the bottom
that's the bottom line.
Speaker 2 (28:44):
So here's what the head of their bond department says, quote,
We're not concerned with the sky high deficit because we
look at both the combination of the public debt, right,
government and private debt. And we consider the two fungible,
meaning replaceable, like a dollar can also be four quarters, right,
(29:06):
And I haven't heard the word fungible in a long time. Fungible,
they said, Okay, now they have my attention. What are
they talking about? They said, while government debt has been ballooning,
private debt has been shrinking well because interest rates have
gone up the last come years. So they're looking at
the totality of this. Yeah, saying, we don't think this
(29:26):
is going to be the Titanic, at least not yet
well done. But I hadn't heard that viewpoint before. When's
the last time he said, Hey, Mike, Apple's coming out
with some new bonds. Google's going to issue some bonds.
They they're not. They're not doing it. They don't need to.
They don't need to, and with interest rates, says Hi,
they'd be crazy to do something.
Speaker 4 (29:44):
Right and who right? Exactly it exactly, writes Mike. And guys,
let's go back and the reality is listen, we talked
about this any time. We like to play the contrarian role.
We like to educat in the contrarian mode. Here and
we talked about this going in and guys, maybe the
year turns, maybe the month turns around, maybe it turns
out to be a fabulous month, and everyone skips into
(30:07):
the new year and everything's great, and you know, who knows.
But we did mention this mic going into the couple
weeks we mentioned it. You said, guys, when everyone's telling you, right,
when everyone's telling you they're going to be skipping and
dancing in the streets, get out of the streets.
Speaker 2 (30:24):
And we talked about this that once you have some
downward pressure on the markets, which we've had for a
couple of weeks now, then weight if I am the
manager of the Mississippi Growth Mutual Fund and I see
some weakness, I have no reason to be a hero
(30:45):
and not sell along with everybody else, because I want
to do two things. I want to get my bonus
right and I want to keep my quartel ranking in
that in the in the in the matrix of mutual fund.
So it's not that everybody has amnesia. It's always followed
the leader at the end of the year. So if
the marketer was rocketing higher, they're buying with both hands
(31:06):
on margins.
Speaker 4 (31:06):
So well done, Mike, So well done.
Speaker 2 (31:08):
Now on the opposite, they're all going to throw in
the towel because everyone's doing it. So it's it's okay,
and it's all right.
Speaker 4 (31:13):
It's all trend following, and that that's really what this
has become, guys. And that's why again, when you have
the pillars in place, when you have everything working in harmony, take.
Speaker 2 (31:23):
This burden off your plate. Absolutely, go worry about other things.
Go enjoy yourself.
Speaker 4 (31:27):
Michael. How beautiful would it be? Though? Let's let's just
play pretend. Let's talk about all those strategists who talk
about all the buckets of cash you have in your backyard.
You know ready that they're always just on absolute deck.
But Mike, let's pretend you had that bucket. What a
beautiful time it would be to pour a little bit
into pillar two. Wouldn't that be such a beauty? Could you?
Speaker 2 (31:47):
Well, I'm just I mean, that's your Christmas present to yourself.
Speaker 4 (31:50):
Oh, wouldn't that be? I could be aggressive with my
underlying investments, right, I can pick a pretty decent pullback here, Right,
I can get in at again benefit levels that again
are still at the highest or right near the highest
they've been in twenty years, and.
Speaker 2 (32:06):
We might get him for another quarter. It's we might
be much longer. We might well, but that's it. If
interest rates do start to come down, the music stops,
there's no chairs.
Speaker 4 (32:15):
On the right. How much and or you get some
market vibration such as this, how quickly? How quickly will
those guarantees come down? Guys, guys going to break grab
your DoD version two point l Guys, it's right here.
So many of you did it last week. You did
such a great job. Let's do it again. Www dot
Madison Managers dot com. We'll see right now.
Speaker 3 (32:36):
You are about your experience the planning for Prosperity show
in three two?
Speaker 4 (32:47):
Oh, it's that?
Speaker 1 (32:49):
Is that?
Speaker 4 (32:50):
Yeah?
Speaker 2 (32:51):
I heard the version, his daughter's voice, it's great.
Speaker 4 (32:57):
Michael Slade Brown, Daniel Polanski, mister producers here, happy holidays.
Holidays will never stop us from doing a show, right, Michael,
Quite the opposite. We're spreading cheer. Yeah, we love it,
We absolutely love it.
Speaker 2 (33:12):
Merriment.
Speaker 4 (33:13):
We can spread merriment because we talk about the pillars.
We talk about education. We talk about is state planning
and educating you for free? Who does that? Michael?
Speaker 2 (33:21):
And you know I'm gonna start actually accepting more and
more of people say I have an education and other things.
I don't want to. I don't want to know the
inner workings. Give me the scenarios. If it's good, what happens.
If it's bad, what happens? Thanks, let me move on.
Speaker 4 (33:38):
Well again, guys, www dot Madison Managers dot com. We
can educate you on the pillars. We can get you
the d D two point zero which so many of
you requests last week. They're free, guys, They're free, free, free, free.
One of the white papers I have now elected as
my favorite and he must have. So again, keep it simple.
What else is free this holiday? We can not too much.
So again grab those Mike truth I want you. And
(34:01):
again I gotta get back to this. I gotta get
back to this, Mike. Talk to just about pillar five, please, Mike,
because again.
Speaker 2 (34:09):
I know Daniel, have you been a good boy?
Speaker 4 (34:11):
Do? I definitively do. If anyone does, Michael, it's mary
so to please please do, guys. And this is a treue.
This is a treat, guys, when you have the master.
And again I'm not a solicitor to buy cell wholeop.
You guys get it. Michael originated these strategies in this area. Okay,
he didn't build them. He brought them to you. He
(34:32):
educated you. He didn't stuff them down your throat. He
educated you, and you made your own decisions. Okay, very
very wisely. So now Michael has reminded us of a pillar,
a long lost pillar, and he brought it up because
for the first time in forever, literally I can't remember decades,
the interest rates made a lot of sense. And you
(34:54):
know what, guys, you guys are responding, you're calling we
love it. You're getting on the Google machine Www. Dot madam,
the managers dot com. You're looking at a model, the
picture of a male model who plays Michael Slade Brown
on that Google machine.
Speaker 2 (35:07):
You're looking at that. Okay, I don't know who that
guy is. He's handsome, he's good looking.
Speaker 4 (35:11):
Cat. Now, guys, this is something. This is a Christmas
treat we're gonna have. Michael explained Pillar five, because I
think it's really going to resonate like it never has.
Speaker 2 (35:20):
All Right, So here here are my I'm not gonna
say fears, my concerns going forward. My number one concern
is that our tax rates are going to start getting
scary tax is going higher, so I don't want to
pay taxes.
Speaker 4 (35:38):
The above, all the.
Speaker 2 (35:40):
Net investment income tax penalty box, the medicaid penalty box,
all those things. So I don't want to pay taxes
until I want to spend my money. Number one. Number two,
this is for my safe, safe money. I can't lose.
I don't want to lose a nickel ever, but I
want to have at least some rate of return. Worst
(36:02):
case scenario. That's positive, a positive right now. So if
you get in the club today, this is what your
floor is forever. Yes, three percent per year compounded, three
percent return the worst case scenario compounded. So that's number
two tax deferral, don't lose my money.
Speaker 4 (36:23):
Three and a very nice return, very nice compounded minimum
rate of return.
Speaker 2 (36:30):
But behind the scenes, I can invest the money in
any flavor of stock market stuff I want, yes, please,
And let's just say I want the go go big boys,
super I want all the big tech names, super great, awesome.
Let's say that twenty twenty five they go up seven percent, Okay, great,
I don't get three percent my floor. I get the
(36:51):
seven and now and now that's locked in. And now
the worst case I can do is three percent in
the next year off of that. Oh, now, let's take
the other look. I put my dollar in, market goes
down twenty percent next year better, Yeah, okay, I'm up three.
I didn't get any tax bills from the mutual funds
(37:13):
that lost me money and still gave me a ten
ninety nine. And now market's down twenty it goes up
five the next year. I make my five, but I
made three the year before. I'm up almost nine. Everyone
else is down ten.
Speaker 4 (37:27):
Still, isn't that nine?
Speaker 2 (37:29):
So this is hard theater of the mind. You got
to come into the office and we'll actually go through
the graphs. But this is a way, and the compliance guys,
is gonna kill me. Risk free, I can't lose my money.
But if the market does. What if the market compounds
at seven percent a year, everyone would love it. I
get seven a year, but I'm not paying any.
Speaker 4 (37:49):
Tax guys, guys, so everybody.
Speaker 2 (37:52):
Else think of this. You make your seven percent per
year any mutual funds, but you pay taxes all year.
But every year, you know, not really getting the seven.
Maybe you're getting a five and a half.
Speaker 4 (38:01):
But you know who this is stirring up Mike you
know who. We're really agitating the people. And again, guys,
it's not your fault. I preface this. It is not
your fault. Okay, you blot the fixed annuities one and
a quarter, whatever it happens to be, not your fault,
(38:21):
not your fault. It's just please, guys, let us help.
Speaker 2 (38:25):
It's it's an immediate slam dunk improvement.
Speaker 4 (38:28):
We right, we We don't want to make it any
more difficult than that. Let us what about?
Speaker 2 (38:33):
Hey, I'm going to go to the bank and for
a one year CD I don't even know what they're
going for four four Okay, that's great. But of that
four percent I federal tax and Iowa state tax.
Speaker 4 (38:45):
Great?
Speaker 2 (38:45):
So what did I really get?
Speaker 4 (38:46):
Great?
Speaker 2 (38:46):
Did I get three point two? But that's the most
that that's the most I can ever make in pillar five.
I'm getting three tax deferred. Maybe I can make seven,
eight nine.
Speaker 4 (38:55):
Maybe I get maybe I get upside. What what if
I do? Think, Mike? What what if? Could you imagine this?
What if?
Speaker 2 (39:00):
What if the Federal Reserve does coute? That's great dance.
They're in the club. Once I am in the pillow
five club. Today, that minimum three percent per year.
Speaker 4 (39:10):
Yeah, is guaranteed.
Speaker 2 (39:11):
Yea.
Speaker 4 (39:12):
Yeah.
Speaker 2 (39:12):
Now here's the bad news. I can't go out ten years.
I can't go out twelve years. These are short term things.
Speaker 4 (39:18):
That's the shame, guys, that's the shame of it. But
there is a little given, tay right, that's given. Take Hey,
there's no free lunch, that's given. I'm getting the best
of everything else. I can only go out five years. Michael.
Let me ask you this. If I give you a
couple hundred thousand for this, do do I pay commission?
Speaker 2 (39:32):
Oh? And well, so we all realize Wall Street is
not a benevolent organization. I think everyone's pretty aware of
that by now. So we give these folks a dollar.
They're making money off our dollar because they're making more
than the three percent minimum that we're going to get.
It's an ATM machine for these guys. It's gold for them.
(39:54):
They pay people like Daniel and I out of their
excess earnings, their return. That's how we get paid. Because
we're not benevolent either.
Speaker 4 (40:03):
No, no, no, no, We've got to make a living, guys,
and we're and we're and we're more than more than
proud to say that. And you guys respect that those
of you on the cruise ship. Listen, we're here for
I mean you, you'll get you get the drill.
Speaker 2 (40:12):
Okay, well let me let me ask you, Dan, whatever
you're in a different profession, do I want to go
to you? If you're destitute? Under you don't make any money?
Speaker 4 (40:22):
We point this out all the time, under no, under
no circumstance, under.
Speaker 2 (40:25):
No so so yes, maybe I buy used shoes, but
that's because I'm cheap.
Speaker 4 (40:30):
And you do have a slate shirt on, which has
to be that's gotta be used. That's got to know.
Speaker 2 (40:34):
Actually, this wasn't This is a Charles Turwit this this
is a fancy shirt. This is fancy pants. Oh wow,
yeah yeah, Michael looks great to these guys. You guys
want to see the slate? Are you guys gotta get mad?
We could wait a minute.
Speaker 4 (40:47):
What's going on here? God?
Speaker 5 (40:48):
What producer looks fantastic? U? Both of these guys, guys,
your pocket square looks. Both of these guys are are
literally shirt and tie here on this holiday weekend. And
I'm I'm just kind of here spouting, but.
Speaker 2 (41:02):
Those are lovely gray sweatpants.
Speaker 4 (41:03):
You're oh stop it, Michael, how dare you how dare
you guys again with your caterpillar tractor winter cap. Guys,
we are here for you. Okay, so many of you
grabbed DoD version two point zero last week. We can't
thank you enough. We need you to do it again. Yes, yes, yeses,
But here's I got it. We only have a couple
of minutes left. But what do you got when you.
Speaker 2 (41:23):
Were talking about in the DoD that white paper what
to do with a loved one dies and a great conversation.
And this woman says, I'm the executives for my mom.
Her health is failing. It's not tomorrow, but it's failing.
I only have a couple of minutes. I'm gonna give you
bullet points within the DoD. You need to also read
the piece about the twenty five docs, the common mistakes
(41:45):
executors make, the challenges of being the executor. And I
asked this person, do you know the legal people who
did the work? She said no. I said, you got
to You got to meet with them immediately. Do you
know the financial people that help mom know you have
to get there and talk to them. Do you know
the tax people? No, we got to get there and
talk to them. Now, I said, your power of attorney. Yes,
said if you've gone to each of those financial institutions
(42:08):
to see if they've acknowledged that outside power of attorney
yet oh and there was there was silence on the phone. Everybody.
Here's a little dirty trick. You can have the best
power of attorney drafted by our best attorneys. It doesn't
mean any financial institution has to abide by it. They
will often take your what they call outside power of attorney,
(42:32):
acknowledge it and say, wonderful, now here's our internal power
of attorney. Correct, And they will not execute business without
that internal power attorney. So if you have to go
to five different banks and financial institutions you got to
go to find maybe you should consolidate to one.
Speaker 4 (42:47):
Yeah, well, well, well, well said Mike. Guys, and also
too and not the not to be the reminder of
this on the unenjoyable process. Those of you that have
to use the one eight hundred number this time of
year at financial institutions, I'm sorry for you. Whoa wow.
Speaker 2 (43:09):
If you have not tried to execute your required minimum
distribution for this calendar year, you have problems. Do it yesterday.
Speaker 4 (43:18):
How about if you're trying to execute a trade. What
if you need money, Well, we've talked about that forever.
We've talked to guys. Guys, guys, and so many of
you have now seen this. We've talked about this forever.
Forget the rollovers, forget the process that we help you
through when you move money to Madison. What we always
like to point out is, what if you literally needed
(43:41):
a refrigerator? What if you a car repair? Better yet, Mike,
all of the above, like needed it, needed.
Speaker 2 (43:50):
A medical emergency, nearly get your money.
Speaker 4 (43:53):
Guys, guys. It's so in today's day and age, and
I say this, I think I might say this as
well as anyone in today's day and age. Shame on you.
If you don't have an account representative, shame on you.
Speaker 2 (44:04):
And someone that you know and knows you. Maybe you
can reach out to even touch.
Speaker 4 (44:08):
Them exactly exactly right, guys, And we hope it's a
US happy holidays. We hope you have a Mary Mary,
a Mary Bright, enjoyable everything. In the meantime, guys, let
us help make it merry and bright DoD version two
point zero www dot Madison Managers dot com. Merry Christmas, guys.
We shall see you all in the office. See them,
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