Episode Transcript
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Speaker 1 (00:00):
Securities and investment advisory services offered through Osaic Wealth Inc.
Member finraw as IPC oasaic Wealth is separately owned and
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here are independent of Osaic Wealth. Madison Wealth Managers and
Osaic Wealth Inc. 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
(00:21):
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Neither Osaic Wealth Inc. Nor Madison Wealth Managers accept any
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Any opinions expressed in this form are not the opinion
or view of Osaic Wealth Inc. Information in this illustration
has been obtained from sources believed to be reliable and
are subject to change without notification. The information presented is
(00:44):
provided for informational purposes only and not to be construed
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Speaker 2 (01:03):
You are about to experience the Planning for Prosperity Show
three two Here.
Speaker 3 (01:15):
Oh dons, How wow? This is your stuff? Michael? What
can we sign? Stop? This is for you. This is
not American guns and guns and roses. Isn't Americana?
Speaker 4 (01:29):
No, not like Johnny Cash. Oh tell me keep the weekend,
Happy weekend.
Speaker 3 (01:36):
Everyone planning for a Prosperity Radio Hour. Welcome aboard the
cruise ship, The Planning for a Prosperity Radio Hour Cruise Ship.
Madison Wealth Managers, Managing Director, Michael Bron, how's your head
looking this week? Michael? I didn't we we got we
actually had quite a few inquiries.
Speaker 4 (01:53):
It's tender.
Speaker 3 (01:54):
It's it's tended. Did you ultimately get like a professional
strength the sov to put on that or yeah, they.
Speaker 4 (02:01):
Put those plastic strips on your your melon. You get
a plastic.
Speaker 3 (02:06):
Oh that's nice. Oh interesting, Okay, so plastic strip okay,
very good. Well that's Michael again. Guys. As you saw
last week, rain, sleet, snowshine, injury, gurny, whatever weddings, whatever
it happens, I see always on the girds, whatever, whatever
it happens. Today we are here for you and we
(02:27):
take that so very seriously. If nothing else, please be
in touch, disrespect our repetitions. We are we are workers,
We work for it. We want to earn your business.
That is why we do this. Now, we do also
have to say thank you everyone on the nation, everyone
as part of the nation. You've been doing such a great,
great job and it's been do d two point zeros.
(02:48):
Okay for those of you who that is new for
we're allowed to have opinions, and we believe it's our
best estate planning work ever. Okay, from what we've done,
we have it professionally bound. It will literally last lifetime.
And what many of the veterans on the cruise ship
have been doing, they've not only secured their copies for
themselves right in their library, but now they're passing it
(03:12):
along to who loved ones, who our soul is and
also loved one absolutely and again it's a great way.
It's a great way to start your relationship. Simply put,
it's a great way to start your relationship with us
at Madison because again it is always education first here,
always education first. Dan.
Speaker 4 (03:32):
I know if it's me, I'm your client and I'm
trying to express to my kids what needs to be done.
I'm still the dumb Dade without question. So having a
third party, you and I rest of the team, we
can act as that third party without if you don't
(03:52):
want to talk about dollars and cents, what the progressions are,
what the processes and procedures are coming from somebody else.
Oftentimes it's it's more believable.
Speaker 3 (04:03):
Well, we always say it's the bridge, right, yeah, yeah,
let us let us be the bridge. Let us be
the bridge. So we have these. They are flying off
the shelves. They are free in every which way. And
this is not your favorite you know financial quasi celebrity,
Fox celebrity that's selling their CDs and you know it.
They're free book the new book, except for the eighteen
(04:27):
dollars shipping and handling. Okay, that's not this. We eat
all costs. We pay for these to be bound. They're gorgeous,
you know that, and we also pay for them to
be shipped. So best way, guys www Dot Madisonmanagers dot
com and you guys like when I spell this, So
I'm gonna spell it out www dot m A D
I S O N M A N A G E
(04:50):
R S dot com and then use any one of
the textboxes there there are multiple. Let us know how
we get them out to you. If you want to
return phone, call, email, whatever it happens to be. If
you want to just leave your address name, how many
copies you want, however you want to do it, just
let us know you want DD two point zero? How
many copies we get them out for free? Michael, what
are you staring at?
Speaker 4 (05:10):
So along with what we're talking about the DoD market
Watch is an information source that we subscribe to and
they have some good articles and this one caught my
eye and it's the title of the article. My sister
made frequent withdrawals from the quote bank of mom and dad.
How our family is torn apart. This is what we're
(05:33):
trying to avoid. Everyone we don't want and we often
say when mom or dad passes away, money oftentimes does
not bring the kids together. It tears them apart. And
that's what's going on here. So the gist of the
article is, we didn't know that my sister was taking
(05:54):
these dollars from mom and dad. They didn't express it
to us, and there was very little in the way
of documentation. What the bottom line here is there was
no communication amongst everyone involved. And it doesn't have to
be Dan, you're gonna get a dollar. Mister producer is
gonna get a dollar. I'm gonna get a dollar. It's
(06:14):
here's what the balance sheet is going to look like someday.
Speaker 3 (06:20):
Here's the plan.
Speaker 4 (06:20):
Right, we've already made amends. If someone has to take
withdrawals from the bank of Mom and Dad, well done.
If fairness is a concern, But all of this bad blood,
like these siblings are never going to speak to each
other ever. Again, that's not necessary. All of this is avoidable.
So when you're trying to do a good thing, help
the kids, yeah, that's wonderful. But when you're gone, you
(06:45):
aren't the referee anymore. Now these kids are picking up
the pieces.
Speaker 3 (06:49):
Mike, I just like the fact and we and again,
this is what we call boots on the ground. If
you're new to us, everyone, we talk about what's going
on in the office. We talk about what's going on
with you, what's going on with your peers. We talk
about who we are working with our clients, okay, and
what what's really on you know, what's really on their minds?
You know what, Michael. And this is again it is
a blind spot of ours. We do not talk about
(07:11):
this enough. It came up not once, not twice, but
thrice this past week in the office with you, Michael,
when we talk about whether we want to whether we
want to include pillar five as an all always there pillar. Right.
Let let's let's assume it is right. Let's assume that
it is okay.
Speaker 4 (07:28):
So I hope it always will be.
Speaker 3 (07:29):
Let's talk about five the five pillars that we speak
about here, Michael. Four of these come automatically built in
with estate planning, what we call real world real estate planning, right.
Speaker 4 (07:44):
Because we actually name the beneficiaries, and we name the
percentage of every dollar we want the beneficiary club.
Speaker 3 (07:52):
To get absolutely correct.
Speaker 4 (07:54):
Now, in this scenario, Dan, let's say you are the
mother father. I am the good daughter. Now I was
supposed to this bad daughter. What they simply could have
done is just changed the ratio of who's getting what
absolutely and now there's no bad blood and there's.
Speaker 3 (08:12):
No there's no combing through the to that point Mike,
there's no combing through the brokerage account at one eight
hundred superstore. Oh jeez, I should have this percentage. I
should have that. There's none of that. There's none of them.
And also there's what we call full death benefit protection.
And anytime I hear the words full and protection, Mike,
(08:35):
you know me, I like that.
Speaker 4 (08:36):
Well, it's not as if the world is on fire.
It's not as if there is commotion amongst everything happened politically,
not as if we have natural disasters here often interesting,
not as if there's people in the Middle East that
are wont to stir the pot. Other than that, everything's perfect.
Oh and a federal reserve that admittedly doesn't know what
(08:58):
they're doing.
Speaker 3 (08:59):
And how much of that has anything to do with
the day to day operations of your favorite company and
their stock that trades on the New York Stock Exchange.
Speaker 4 (09:10):
They could be firing in all cylinders and be a victim.
Speaker 3 (09:13):
Correct, bike as absolutely, absolutely correct. That's why. That's why, guys,
when we talk about when we talk about protections, look
no further than what's going on around us. This is why.
Speaker 4 (09:27):
And I'm gonna we have to go to commercial break,
but I'm going to tease up the next segment where
this is the article we're going to talk about how
do I shield my retirement savings? Oh? I mean as
soon as I saw that, I started licking my.
Speaker 3 (09:40):
Job to make your Oh.
Speaker 4 (09:43):
I'm going to print out a copy and put it
in my library.
Speaker 3 (09:45):
With that set everybody, best way to grab us, best
way to set your appointment, which so many of you do.
We absolutely love it. It's www dot Madison m A
d I S O N Managers m A N A
G E r s dot com. So it's www dot
Madisonmanagers dot com. In the meantime, DoD two point zero.
Let us know how many copies we can get to you.
(10:08):
They are always free, the shipping will always be free.
Set your appointments if you want to learn more about
the pillars whatever it is.
Speaker 4 (10:15):
And you know what I found out, Rob is hoarding
them in his office.
Speaker 3 (10:19):
Oh of course he is. We'll be right back, everybody.
Speaker 2 (10:27):
You are about to experience the Planning for Prosperity show
in three two.
Speaker 3 (10:34):
Here we see Dan Hanlan, Oh, I've got something for you.
Michael Michael Brown, Managing Director, Michael Brown, Daniel Polanski, mister
producers here, Happy weekend planning for Prosperity Radio Hour. Welcome
(10:55):
aboard the Madison Manager's Cruise Show, planning for Prosperity Radio
Hour Cruise Shop. Now. The easiest WYE to gain admission
to the cruise ship is by going out too www
dot Madisonmanagers dot com. And you guys like when I
spell it, so I'll do that www dot M A
D I S O N M A N A G
(11:17):
E R S dot com. And again, guys, use the
taxbox there for everything, whether it's setting your appointments, whether
it's more info on the pillars, whether it's tax planning
help right, whether it's the tax planning guide from Nationwide.
Speaker 4 (11:30):
Talk about that all.
Speaker 3 (11:31):
Free, right and d O D two point os. Guy,
that's our best estate planning work in our opinion. Okay,
it's professionally bound. It costs a lot of money to
put it together, and we make it available to you
for free. Can we also ship it for free?
Speaker 4 (11:46):
I gotta tell you quick story about the cruise ship.
So a buddy of mine is in this business in Kansas,
oh boy. And this is way before COVID, so before
the world chur and everyone was afraid to do anything.
They would have one hundred to one hundred and twenty
(12:07):
five clients and they'd all go on a cruise together.
And what my buddy would do is bring speakers on
the cruise to have some education while you're sitting by
the pool having a margarita while the equery is bringing
you something. And he used to show me pictures. People
loved it, and people and it wasn't all financial. People
(12:28):
had just recently written books, people that had worked for
the I. R. S All estate planning attorney. It was
nobody would go true, but it was gold such a
good idea.
Speaker 3 (12:44):
Yeah no, really no, really really no, definitely.
Speaker 4 (12:46):
Because because we work so much, we don't socialize a
lot with clients, especially post COVID. No, we used to
go to polo matches in the racetrack and have dinners and.
Speaker 3 (12:57):
That kind of fire our own events.
Speaker 4 (12:59):
Yes, that's just that doesn't exist today.
Speaker 3 (13:02):
It's just not not society because I'm not going to one. Well, well,
you may not be necessary.
Speaker 4 (13:09):
I mean if I was just you know, someone said, hey,
we're going to do a seminar on whatever, right right,
exercise nutritious.
Speaker 3 (13:17):
I get it. I'm not going I get it. I'm
gonna say this to you, guys, and again as I
stare as I stare at this, and we understand that
sometimes there are paths that are least resistant. I have
to beg of you, Michael, begs of you. I'm now
going to join the chorus because I saw the adoption, unfortunately,
(13:39):
of one of these earlier this week, and you admittedly
didn't know what you were purchasing and or investing in,
which so often happens, Michael, when you're not education first,
when you don't come to Madison where we are education first, second, third,
and fourth, everyone avoid the Blueberry portfolio. Just avoided, avoided,
(14:02):
avoided too. I'm Mike. I'm almost good to say this
is not a solicitation or to buy seller hold, because
what we always say is, if for whatever reason, if
that appeals to you, okay, and if it appeals to
you in a fashion as you are approaching retirement, please
(14:26):
if you can't run away from it, at least put
some protections around it, okay. If for whatever reason, if
for whatever reason, this is your stick, right and you
know where, Mike, where we see this a lot. We
see this a lot, quite shockingly, when individuals have family
(14:51):
members who are advisors. Right stop, no, no, no, we
see this. We see this quite often, Michael, and I
saw it this past week. And guys, I just got
to tell you, please, please please, if for whatever reason,
(15:13):
if Uncle Charlie, Uncle Charlie's got you doing the blueberry
hokey pokey, okay, please please please at least ask Uncle Charlie. Right, well,
wait a minute. I listen to these guys on the radio,
the educate us all the time. They say that if
this is my shtick, right, if this is my shtick,
(15:35):
can I put some protections around this, uncle Charlie? And
that's the litmus test everyone.
Speaker 4 (15:41):
They're infult one that.
Speaker 3 (15:44):
Well, it's not, Mike, it's not because there's people.
Speaker 4 (15:47):
Don't like to question their attorneys, their accountants. They're financial advisors.
I don't know why you're paying them, but they work
for you.
Speaker 3 (15:56):
But you see where we're going with this. You do
see where we're going with this, right?
Speaker 4 (16:01):
You just teed up the article. Oh okay, yes, please,
let's go with that. That's right, right, we got a
few minutes left here. Title the article how do I
shield my retirement savings? I'm worried, actually says frightened about tariffs,
interest rates, inflation, the economy, markets. Here's here's the punchline.
(16:23):
Everyone quote, I'm worried there won't be time to regrow
my assets if the markets tank. Now, this is someone
who's thinking, and it was it was a question and answer,
and the answer was focus on what you can control, yes, right, yes,
(16:45):
And now everyone's everyone got nervous last week, Dan when
China's Deep seek Ai apparently scared everyone in all the
AI stocks really took it on the chin.
Speaker 3 (16:56):
It's not just the stocks, it's it's but that's to
see how quickly it You know this in a heartbeat.
Speaker 4 (17:02):
Things are down twenty twenty five percent. But if you
focus on things you can control, and what you can
control is market risk, and those are the four of
the five pillars. If I can control not just what
the market is going to give me, but what I'm
going to take from the market, it's a whole different mindset.
(17:23):
Now you're in the driver's seat. Now you're thinking, if
the markets do well, fabulous, we're all gonna do cartwheels
down the hall. If we go through a bad cycle.
I'm not letting the stock market or the bond market
derail me.
Speaker 3 (17:38):
I have this conversation with so many of you, and
I'm entitled to my opinions, and you want me to
have opinions. You want me to have strong opinions. Okay,
if you are of a certain age and you are
eligible at this point in time, okay, and this point
in time meaning this the cridical piece of it, right,
because we can still take advantage of these, let's say,
artificially elevated short term interest rates right before the next
(18:02):
leg lower comes. Okay, if you're of that belief, Okay,
which I am. But that's fine. Here's the point. Here's
the point. If you are not having a discussion with
your favorite advisor, we think it should be us. Okay,
But if you're not having a discussion regarding Pillar two,
regarding taking advantage of these guaranteed withdraw rates that are
at some of the highest levels of the last twenty years,
(18:24):
it's shame on you, guys. It's shame on you. Because Michael,
that's the point to me, when you began reading that,
just that, just that paragraph that you read that just
argued for pillar two. It's just argued for pillar two.
Because I can sleep at night, I have my portfolio
in place, right, it can be a growth portfolio. For
that matter, I have my growth portfolio in place. And
as you say, if the market does well, we all dance, right,
(18:46):
we all dance. But if the market does nothing and
or does poorly, by definition, each year that I don't
touch that guaranteed withdrawl, doubt those guaranteed withdraw dollars. Each
year they're going to go off. You get a pay raise.
Speaker 4 (19:03):
And people. Sometimes we make things more complex than they
need to be. We try to have elegance and simplicity.
But with pillar two, think about this, just like social Security.
If I don't take my benefits this year, I have
higher benefits for the rest of my life, and each
year that I postponed it starts to compound higher. It's
(19:25):
the same chassis, it's the same mathematical model. We make
this too complex. If I don't take money this year
and the market goes down, I still get more money
next year. Well, if the market goes up, great, it's
the same is that And here's what people.
Speaker 3 (19:43):
And here's the other piece. It's yours.
Speaker 4 (19:44):
That's it. That's it. If you want to take your
ball and go home, say I want to do something else,
it's your money. You didn't relinquish control, and you can
have us help.
Speaker 3 (19:56):
We have some people MIC that are getting into some
really advanced planning straps, right because we have the tools
to do them. Where they've been so successful. They were
in growthy growth, right, remember when we made that call
two and a half years ago, like this looks like
this could this could be generational type stuff. Okay, they're
getting so advanced, and because they have the tools in
(20:18):
plass MIC, they're able to take profit off of these
growth investments where it was a score of scores, right,
a score of scores and literally move the money, take
those profit dollars and place it into their pillar two
where they can again they can still be growthy growth,
but they immediately create guaranteed with draw dollars, guarantee pension
(20:44):
dollars in retirement. What the heck is more beautiful than that?
Can you think of anything?
Speaker 4 (20:51):
I can think of one thing? What you and I
not having to be in the apology business by selling
people the Blueberry portfolio, that tank.
Speaker 3 (20:59):
That is that is a beautiful piece guys. But again,
if these strategies sound appealing, and we sure hope they
wet your appetite. Here's the way www. Dot Madison Managers
dot com. It's www dot m A D I S
O N M A N A g E R s
dot com. Again use the tax boxes. I think the
best way is right now, whilst you're thinking about it again,
(21:22):
set your appointments. If you want d D two point zero,
that's our state planning work. If you want tax guides
from nationwide, if you want literature on the pillars, whatever
you like. We do it all for free, and we
ship it for free. You heard that right, everybody. We'll
be right back.
Speaker 2 (21:43):
You are about to experience the planning for Prosperity show
at three two.
Speaker 4 (21:57):
This is r.
Speaker 3 (22:01):
Yeah, Dan Polanski and Michael Brown. This is awful.
Speaker 2 (22:04):
Wester producer must have had a bad day.
Speaker 3 (22:08):
This is angry music. All I can do is shake
my head and it is anxiety.
Speaker 4 (22:15):
You know what. I can't believe He's never done, which
will be coming very soon. Who sang the song Blueberry Hill?
Was it Fats Domino?
Speaker 3 (22:23):
Absolutely?
Speaker 4 (22:25):
That should be our intro music. He found us thrill
the Blueberry Portfolio.
Speaker 3 (22:28):
But we hope you don't find your thrill on Blueberry
Hill like so many have.
Speaker 4 (22:33):
Unfortunately them wait, so, Dan, here's some bad news coming
for people. Okay, as they're opening their mailbox today, the
next couple of weeks, they're gonna get getting something called
a ten ninety nine their tax document. I'd love to
know how many listeners you're gonna get a taxable event
(22:55):
for investment that lost money last year. And I'm talking
about these garbage bond funds.
Speaker 3 (23:01):
It's not only God, Mike, it's not only bond funds.
I mean, it's it's just again, here's the thing, guys,
and again Www. Dot Madison Managers dot com. You know
I have to tell you how to get in touch. Okay,
it's www Dot m A D I S O N
M A N A G E R S. Just real
quickly D D two planos right, D. Two planos flying
off the shelves. That's our state planning work. One for you,
(23:23):
one for a loved one. You're doing a great job.
And again we thank you again. It means so much
to us. We educate first. Now let me throw this
in real quick, Mike, and we went. We went after
this a little bit last week where we made it
very clear, guys. We made it very clear that when
you take monies right when you take after tax moneys. Right,
(23:46):
you take checking account dollars, right, checking account dollars, UH,
brokerage account dollars, Mike's favorite bond fund, you know, bondfund
dollars held out there, just again in brokerage. When you
take those dollars and instead look at one of the
pillars that we speak about that there's no more ten
nine us.
Speaker 4 (24:07):
It's not a fair fight.
Speaker 3 (24:08):
It's there's not there's no more ten nie evens.
Speaker 4 (24:10):
And to the listeners, and you're getting your d D.
Also request from Rob the twenty twenty five tax Planning
Reference List and the Taxation Guide to withdrawals and income sources.
Now that's a mouthful, but what's going to show you
graphically is what type of investments you're going to pay
(24:32):
federal income tax.
Speaker 3 (24:33):
Oh, that's good income tax.
Speaker 4 (24:36):
If you're going to be subjected to the net investment
income tax, you know, the Medicaid penalty, if you're going
to have sensitivity to your gross income, meaning all of
your income might be in a higher bracket. Now, then
we'll have the discussion. Great tax efficient.
Speaker 3 (24:50):
And let's do it this way, guys, just let us
know again, do it one of two ways. Number one,
use the tax box at Madisonmanagers dot com. Right, use
the taxbox. Let us know if you want Rob to
call you back, and then you can do a little
probing and learn what you might like or or or
let's just call those the tax docks. Right right, we'll
call them the tax docks. Grab the tax docs, guys,
(25:10):
and again run absolutely run with them. They're free, we
ship them for free. We can email zapple them over
to you if that's what you like, whatever you like.
Speaker 4 (25:18):
And what people aren't really thinking about and they're going
to is if I'm already Medicare age, let's just assume that,
and then these absolutely terrible funds start spewing out more
ordinary income. It's not only going to make my total
tax rate and tax dollars being owed go up, it's
(25:40):
gonna make my Medicare payment's more expensive.
Speaker 3 (25:42):
Yeah. See, that's it. That's a big piece.
Speaker 4 (25:44):
It's a double WHAMMI. So you have to be tax efficient,
and if we can have tax deferral, it doesn't get
any more efficient. Tax shelter with tax deferral, yeah, I mean,
with with investment protection, with death benefit, with beneficial beneficiary planning.
It we're everyone's gonna have a rude awakening someday when
you start to see I only paid eight dollars in
(26:06):
tax last year. Now I pay eleven. And it's coming, Mike,
the third it has to.
Speaker 3 (26:13):
I'm gonna give you two things to look out for
in this particular, let's say over the next eighteen months. Okay,
and again, guys, we don't beat the you guys, no,
we only beat the drum literally when it's absolutely necessary.
But I'm gonna say this because Michael and I we
were just having a discussion about Pillar two, you know,
before we went on airs, and we were talking about
the rates, right, which is what's most important here, right,
(26:37):
the rates that you are guaranteed right for life, for
spouse's life, whatever it happens to be, because that's what
Pillar two is all about. Okay, what am I guaranteed
for the rest of my natural lifetime? And oh, by
the way, as we always say, if I hold off
on taking those dollars, how much will those dollars grow
(26:58):
guaranteed each year that I defer? Okay, that's all that mass.
Speaker 4 (27:03):
So we can get a best best, best, a worst
case scenario. If things go terrible in the market, we
can tell.
Speaker 3 (27:11):
You within pays. We'll get you within pennies.
Speaker 4 (27:14):
Worst case, one year, two, three, five, ten years out,
what your paycheck is gonna look like every month. Absolutely,
the market goes up, then that number goes up.
Speaker 3 (27:23):
But the point is, Mike, what I'm saying is, guys, guys, guys,
there is one provider, especially for those of you listening
in New York State, there's one provider that's a full ahead,
a full ahead. Think of it, a head on a body,
a full head above the rest. Guys. The rest aren't
coming up, Okay, make no mistake, they're not coming up
(27:45):
to meet this particular provider at those higher rates. The
provider who's providing the higher rates, they're gonna come down.
They're gonna come down to meet everybody else. And then
the discussion is just about uh uh okay, well, what
name do you like best? It's not about what again,
it's not about taking advantage. It's just simply what name
do you like best? Right? So please, guys, please, please please,
(28:10):
If you are above, if you're fifty and or above,
and you think you may need some sort of guaranteed
paycheck and retirement, which again, everyone should be nodding their heads.
Right now, right, guys, Let's have the conversation right now
and take advantage of these artificially high rates, because, as
I said, there is one provider, one provider that is
a full head above where everybody else is. There used
(28:34):
to be two, there's one. Okay, two to one goes
to zero. Okay, Www Dot Madisonmanagers dot Com. Use the
tax box and let us know the other thing, Mike.
The other thing is I don't know where this again.
We've been talking about it now since it was launched,
and so many of you have taken advantage, and you,
guys are thrilled. But here's the point. Is our favorite
(28:56):
pillar three provider, okay, and you want us to have favorites, okay,
Our favorite pillar three provider, the one that allows you,
if you so choose, you can invest one hundred percent
of your money in one of again, depending on the minute,
one of the largest hedge funds in the world. Yes,
you heard that, proper, You heard that correctly. And at
the end of the investment term, if things go well,
you keep every single penny. Yes, you heard that correct
(29:18):
So far, so good, right, here's the stick. If things
don't go so well, like Michael says, Like Michael, remind
us about previous segment where there's a billion and two
things that have nothing to do with the market nowadays
that somehow impact the price of Google on a given day. Okay,
the point is this, if things don't go so well,
you are and yes, you're gonna hear this correctly, so
(29:39):
don't think you're not misshearing. It's not static. You are
one hundred percent inoculated against any loss at the end
of the term, so you keep every penny of upside
if things go well and you are inoculated against loss
on the other end. Okay, Now, the point is this, guys,
The point is that team gonna be around for long
(30:02):
because simply put, it's unaffordable. It's it's it's unaffordable, it's unsustainable.
It is it is a lost leader, if you will, right, Mike,
it's exactly what it is.
Speaker 4 (30:12):
It's and when I and they don't tell us what
their appetite is for money, is it ten billion, is
it fifty billion? We have we don't know what their
appetite is. And when they reach that threshold they say
thanks and that's it now, and there's no if you're
in the club. You're in the club. They can't kick
(30:33):
you out. You're in exactly exactly, but you can't get
a new reservation.
Speaker 3 (30:37):
But that's but that's the point Mike and we were
we were talking about this just last week and and again.
Whether it's pillar three, whether it's pillar four, your favorite
right where I can be index man, I can be
nasdac Man, Right, I could be nasdak Man. I can
be index Man. I'd be nasdac Man. Pillar three, I
can be Hedge fund man. But I can put protections
(30:57):
in place. Why is everyone why are we not all
at least placing a portion of our portfolio here?
Speaker 4 (31:06):
Well, why do I mean, Nike in our little corner
of the world. People are oh, absolutely right, because they're
hearing our message over and over and over again. And
then they come in and look at the numbers. Because
when when someone says I'm going to protect something of yours,
that's great. How much is it going to cost me?
Oh yeah, that's the fear.
Speaker 3 (31:26):
Oh yeah.
Speaker 4 (31:26):
So once you come in and see the numbers of
what really happened in the real world, go back five, ten,
fifteen years, whatever you want to go, and you say,
wait a minute, I didn't really have to give up anything.
Speaker 3 (31:37):
No, And you know what the most bizarre thing is, Mike.
You know, it's so counterintuitive with what we educate on
and what we invest in. When we talk about the pillars,
the beauties to the downside, the beauties to the downside.
Speaker 4 (31:50):
What's powerful is when you look at let's go over
the last I don't know, twenty five years, whatever you want,
how many years the stock market lost money? Yeah, and
then you compare, well, if I had the protections in
place and I didn't lose the money, and I get
the leapfrog over the regular index investor, the regular mutual
(32:11):
fund investor. That's where people the lightbulb goes.
Speaker 3 (32:14):
Oh, what if I'm a young chop right now and
I'm listening.
Speaker 4 (32:17):
Who says you're not a young chap?
Speaker 3 (32:18):
Well, no, I'm just thinking if I'm listening right now,
and that's a good point. Let's say this, Michael, if
I'm a young chap, I'm listening right now, and I say,
wait a minute. I love the nasdact, I love the cues,
I love the NDAX.
Speaker 4 (32:32):
I want the AI absolutely, why.
Speaker 3 (32:34):
Don't I listen? What I got a call to the
end of Mike, and TOI about pillar four because I
can be NDX for the next twenty years, and yet
I can cut out all in or most of those
abysmal down years.
Speaker 4 (32:48):
All Right, you know, I'm kind of glass half empty always,
That's just my personality. We've had ten good years now.
In that ten years, we had a couple of dixies. Overall,
the market did very very well. Hm. We don't have
the same tailwinds that our back anymore.
Speaker 3 (33:03):
No, no, no, no.
Speaker 4 (33:04):
The we don't have lowering interest rates, we don't have
governments buying securities in the open market. That's all gone.
So I think the next cycle might be more difficult
than the last, and.
Speaker 3 (33:17):
That that's well said Mike. So again, guys, let's talk
about the pillars. Let us educate. That's what we do here, first, second, third, fourth, fifth,
for as much education as you can possibly stand. It's www.
Dot M A D I S O N M A
N A G E R S dot com. Go there
right now. I think that's the best time, guys, d
O D two point ohers that's what I want you
(33:38):
to grab. Grab a couple of copies. Let us know,
get the tax go totally. Oh yeah, tax and again
just mention tax info, send me the tax in photo.
Will put together beautiful tax package for you. Again, totally
totally free. We'll see right back.
Speaker 2 (33:57):
You are about to experience with the planning for prosperity.
Show three two.
Speaker 3 (34:03):
Here my knees rolling stones. We don't get.
Speaker 4 (34:18):
Who?
Speaker 3 (34:18):
Yes, good heavens, Why didn't I have to come up
with that?
Speaker 4 (34:22):
Man?
Speaker 3 (34:23):
I'm Daniel Polanski, Michael brad Injury Managing director, Michael, I
have Brownsheimer's. He has a plastic wear on his head.
You're gonna start wearing a helmet.
Speaker 4 (34:34):
I think I.
Speaker 3 (34:34):
Should Seriously, you and ice not good.
Speaker 4 (34:37):
I should wear a helmet.
Speaker 3 (34:38):
Why wouldn't you?
Speaker 4 (34:39):
I should come in full pads twenty four to seven.
Speaker 3 (34:42):
I would just wear you know, I would just wear
like again your favorite NFL helmet, but put the new
stuff on it. The phone's the high impact home on
the outside.
Speaker 4 (34:50):
Then I'd be like six four, Yeah, that'd be fine.
Speaker 3 (34:53):
Would you fit in through the door?
Speaker 4 (34:55):
I don't know. I have a big head to begin.
Speaker 3 (34:56):
With you with your luck, take the helmet to get
the door, and then you'd slip with your like happy weekend,
Dan Phalanthky, Michael Bratt thanks for being on the cruise ship,
the Politic for a Prosperity cruise Ship, the Madison Wealth
Managers cruise Ship. Guys, you guys have been great. Requesting
your DoD version two point zeros. That's our state planning work.
That's professionally bound. Again in our opinion, it is our
(35:19):
best estate plaiting work. We are allowed of opinions everyone,
so please take advantage. They're free. We spend a lot
of money on these, We put a lot of time,
a lot of efforting. You guys love them. You guys
love them. So you've taken that next step where not
just for you anymore. It's about your loved ones, it's
about your name. Really, it's absolutely so that's what we
want to see. Now. We now have a new panoply
(35:41):
of goods that we're calling the tax stuff. Okay, the
tax stuff totally free, same drill if he needs.
Speaker 4 (35:48):
And as you like to say, it's forward.
Speaker 3 (35:50):
Looking, forward looking, Mike, we don't well, we don't look
in a rear.
Speaker 4 (35:53):
Suffer what happened happened?
Speaker 3 (35:54):
We don't. We don't look in the rears. We we
can only go forward when.
Speaker 4 (35:56):
People are starting to fill out their tax returns. Yeah,
that's when the blood pressure is gonna go up. That's
and that's where they're gonna say, Hey, Marge, where'd you
put the tax stuff from Dana, MIKEE get it?
Speaker 3 (36:06):
Get it now, guys, get it now. So here's the
way www dot Madisonmanagers dot com. It's spelled out www
dot M A D I S O N Managers m
A N A G E R s dot com. So
Madison Managers all on word. Use the tax box and
again d O D two plano. Let us know if
you want that, If you want that and the tax stuff,
(36:27):
get the tax stuff too, whatever you want, mix and match, guys.
It's all free. There's no jokes, there's no hijinks. There's
no twenty dollars shipping and handling where it costs three
dollars to ship. There's none of that. Guys. It's all free.
We just want to educate. I heard something like and
this was this was frightening. Okay, this is this was
(36:47):
from a conference call, Oh the week. Okay, this is
from a conference call, Oh the week, And this is
from arguably the company whose stockshall going Okay, argue the
hottest dot maybe the most nonsensical valuation in the market
right now of a company of a certain size. Kay,
(37:10):
they reported their earnings and the CEO, who, best anyone
could tell, is also a founder. There's fifty found and
beside the point. But apparently according to according to he,
they do not have salespeople. They don't have salespeople. They
only educate Michael, is is he listening?
Speaker 4 (37:34):
I think he took a page on.
Speaker 3 (37:36):
I was just gonna say, is he is he listening?
Speaker 4 (37:38):
I want to have a chat with him.
Speaker 3 (37:39):
Well, and here's the here's the point. Here's the point,
guy said. Every one of you who are clients, every
one of you is who have sat down with us.
You understand there's no there. There is no sales pitch.
We don't have a sales pitch. We come up. If
you can come up with a sales pitch for us,
we we'd love one.
Speaker 4 (37:58):
Okay, I'm gonna share with you this research report. I
keep going back to, Oh, dear habits wait is this
education Dan? Because this is exhibit one fifty three. They
expect the US Treasury a mun it'spal bond market to
outperform cash in twenty twenty five. Is that helping me
(38:21):
in any way, shape or form or or do I
need to see Exhibit one fifty eight, where the median
rainy day fund among state governments stop as a share
of expenditure rose last year. How is this helping.
Speaker 3 (38:37):
Any I'm going to help you right now, you know what,
because we.
Speaker 4 (38:39):
We a trying to grab this out of my head.
Speaker 3 (38:41):
No, no, I'm going to help you right now, because I
almost jump across the table. I'm gonna help you right now, everybody,
because we have this conversation. You guys are listening right now.
Here's the point. Here's the point for those of you,
for those of you, and we have this conversation with
you all the time, even if you are someone who
is still covered by a pension plan, okay, especially if
(39:02):
the pension plan is held in a back room somewhere. Okay.
So in other words, at the end of your term
service with that employer, you cannot take a lump sum,
meaning you cannot make it yours right, meaning again you're
dependent on a retirement system of some sort. I would
also highly highly stress that perhaps you have a discussion
(39:25):
about making some making some contributions right whilst you can
into a pillar two like investment vehicle, right, Mike, where
you have control, where you have a portfolio. And oh,
by the way, the pension dollars, the withdrawal dollars. It
works exactly the same way, except the pension dollars are yours.
(39:47):
So please take us up on that offer to educate,
because I feel so strongly about that, I'd literally just
almost rip that piece of.
Speaker 4 (39:55):
Luckily I'm far far enough away could get it from me.
But Mike, but I love this thing. Just get your
blood pressure.
Speaker 3 (40:01):
What point? What a point are they making? They're making
exactly that point. You gotta do something for yourself, everyone.
Speaker 4 (40:08):
See, the point of of this insane research is to
try to make people believe they know something that you
don't know.
Speaker 3 (40:17):
Right. But my point was when when you were getting
into the government expenditures et cetera, et cetera, talking about
I'm sure they get into pension shortfalls, et cetera, et cetera,
ranking the states, YadA, YadA, YadA, because that comes up
once every once every year. I would say, where you
rank the states as to who's whose pension fund is
truly insolvent? You know, et cetera, et cetera. But the point,
the point is this guys, do something for yourself, even
(40:38):
if you are covered. Dude, dude, do something for yourself.
You'll feel You'll feel better, you really will.
Speaker 4 (40:44):
Can I get your blood pressure up one more time?
First of all, we're sitting here in a studio, and
if anyone has ever watched the show Seinfeld, Dan has
the George Costanza while I do the wall about seven
inches high. There's no pocket in the world that they
would fit in unless you're in the circuits.
Speaker 3 (41:01):
I couldn't sit down with it today, Mike, my pants
are too tight to.
Speaker 4 (41:04):
Be I don't know what's going on there anyway. Here
here is an exhibit one seventy one uh expected default
rates for municipal bonds. Okay, so let's see, Dan, we are.
We know we're all gonna have to be much much
much more tax efficient. Great, okay, And if I want
tax free income, am I going to buy a municipal
(41:27):
bond in New York City?
Speaker 3 (41:29):
Well, I'm not Chicago, I'm not, but you can La Again,
I'm not, but you can.
Speaker 4 (41:35):
You're going to want to buy municipal bonds where there
is population growth, sure, and there is spending limitations, and unfortunately,
and not being political, those are the Red States for
the post part YEP. So when someone says to you, hey, Dan,
I've got this New York State municipal bond fund, right,
(41:59):
that's already the two worst things I want to hear,
new York State municipal and bond fund. I start to cringe.
I started to get up.
Speaker 3 (42:07):
See Michael, you are gosh, it was almost his own Michael.
And a lot of the times, guys, and you guys
know this when we sit down with you, a lot
of the times, Michael and I, unfortunately we can't both
be there. You know, we can't both be there for you.
Sometimes the teammates there, whatever it happens to be. Sometimes
it's just Mike. Sometimes it's just myself. You guys get this.
But Michael, you weren't in some of the meetings that
I was in this week with you guys. You know
(42:28):
you guys who you know you're coming on board the
cruise ship.
Speaker 4 (42:30):
I was in intensive care.
Speaker 3 (42:32):
You were into Yeah, you were, you were injured this week.
But the point is this, Mike, this is exactly what
we're talking about. Where we spoke about, well, wait a minute,
that pension stream, right, whether it's coming from the State
of insert here or whether it's coming from I've got
my own pension that I built up in pillar two,
(42:53):
I'll think b whoa right, right, And I've got an
A rated insure, a truly a ensure, some of which
have been deemed literally too big to fail. Okay, too
big to fail. At the end of the day, guys,
that guarantee is only as good as a guaranteur. It's
only as good as a guaranteur.
Speaker 4 (43:12):
So do you think New York State well done would
get a good ranking, a good rating? It couldn't be lower.
Speaker 3 (43:20):
I'll say this, I wouldn't at this Maybe Illinois. I'll
say this at this point in the cycle. Guys, let
me put it this way. If I were absolutely dying,
dying to build out a municipal bond portfolio of quote
individual New York State UNI bonds, I would want to
educate on maybe some alternatives. That's all, not not causing,
(43:42):
not pulling a Meredith Whitney, not doing any of that,
not cause.
Speaker 4 (43:46):
I would want to know why you have a death
wish with your money.
Speaker 3 (43:49):
I just don't know what to do. Mike. Here's the point,
why do it? That's the point where there's so many
other options that I would argue are not only more attractive,
but potentially again only as good as the guaranteur. Right,
why go there? You know, there's no reason again, there's
no there's no reason. There's no there's no quote added diversification,
(44:10):
there's no there's no any of that. I have other
ways to maximize. I have other ways to maximize your
after tax income, your tax show. We call it tax
advantage income. There's no real reason to go there anymore, Mike.
And to be brutally honest, Mike, I think that's why
that not much of that business anymore.
Speaker 4 (44:31):
Well, people are more educated than ever. Right, and the
Internet changed the whole landscape at Wall Street, and Wall
Street had to become two things, much more aggressive and
much more imaginative in their marketing. I mean, just just
go online and Google any of these big firms. They've
become digital masters. Their commercials are fewer and fewer of
(44:55):
Grandma and Grandpa walking hand in hand on a beach somewhere.
They're talking about real things now because they have to.
But they still are the best marketing machine in the
history of time.
Speaker 3 (45:04):
The best.
Speaker 4 (45:05):
They may Madison Avenue look like.
Speaker 3 (45:07):
Rookies, not even close as you say, not even closer.
Speaker 4 (45:10):
And our problem is getting through to people to actually
see it for what it is.
Speaker 3 (45:14):
Well that's well no, no, no, and Mike, that's that's
what it is, because we just need to use our edge,
right because our edge is the fact that we are
bringing a tremendously sophisticated vehicle and vehicles to invest in.
We can all but again to Mike's point, you want
a stream of income in four years, we can get
you there within a penny. Okay, no ifs bots, no maybes, no,
(45:37):
if this happens, that happens. We just need we just
need to sit down with you and show you we
are who we we are, who we say we are.
Speaker 4 (45:43):
You know what Dan needs? What's not to see a
lot of Taylor Swift tonight?
Speaker 3 (45:46):
Oh? Will you stop it? Oh super Bowl theme? Guys,
I don't where that music came from. Www dot Madison
m A D I s O N managers dot com.
It's m A D I S O N m A
N A g e r s dot com. So in
between grabbing your t Swift albums and your super Bowl
gear d D two point zeros and just call it
the tack stuff, guys, will get it straight out. It's
(46:07):
all free. Have a great super Bowl weekend guys. We'll
see you in the office.
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Member finraw as IPC oasaic Wealth is separately owned and
other entities and or marketing names, products or services referenced
here are independent of Osaic Wealth. Madison Wealth Managers and
Osaic Wealth Inc. 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
(00:21):
deemed reliable, but its accuracy and completeness are not guaranteed.
Neither Osaic Wealth Inc. Nor Madison Wealth Managers accept any
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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 Inc. Information in this illustration
has been obtained from sources believed to be reliable and
are subject to change without notification. The information presented is
(00:44):
provided for informational purposes only and not to be construed
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Speaker 2 (01:03):
You are about to experience the Planning for Prosperity Show
three two Here.
Speaker 3 (01:15):
Oh dons, How wow? This is your stuff? Michael? What
can we sign? Stop? This is for you. This is
not American guns and guns and roses. Isn't Americana?
Speaker 4 (01:29):
No, not like Johnny Cash. Oh tell me keep the weekend,
Happy weekend.
Speaker 3 (01:36):
Everyone planning for a Prosperity Radio Hour. Welcome aboard the
cruise ship, The Planning for a Prosperity Radio Hour Cruise Ship.
Madison Wealth Managers, Managing Director, Michael Bron, how's your head
looking this week? Michael? I didn't we we got we
actually had quite a few inquiries.
Speaker 4 (01:53):
It's tender.
Speaker 3 (01:54):
It's it's tended. Did you ultimately get like a professional
strength the sov to put on that or yeah, they.
Speaker 4 (02:01):
Put those plastic strips on your your melon. You get
a plastic.
Speaker 3 (02:06):
Oh that's nice. Oh interesting, Okay, so plastic strip okay,
very good. Well that's Michael again. Guys. As you saw
last week, rain, sleet, snowshine, injury, gurny, whatever weddings, whatever
it happens, I see always on the girds, whatever, whatever
it happens. Today we are here for you and we
(02:27):
take that so very seriously. If nothing else, please be
in touch, disrespect our repetitions. We are we are workers,
We work for it. We want to earn your business.
That is why we do this. Now, we do also
have to say thank you everyone on the nation, everyone
as part of the nation. You've been doing such a great,
great job and it's been do d two point zeros.
(02:48):
Okay for those of you who that is new for
we're allowed to have opinions, and we believe it's our
best estate planning work ever. Okay, from what we've done,
we have it professionally bound. It will literally last lifetime.
And what many of the veterans on the cruise ship
have been doing, they've not only secured their copies for
themselves right in their library, but now they're passing it
(03:12):
along to who loved ones, who our soul is and
also loved one absolutely and again it's a great way.
It's a great way to start your relationship. Simply put,
it's a great way to start your relationship with us
at Madison because again it is always education first here,
always education first. Dan.
Speaker 4 (03:32):
I know if it's me, I'm your client and I'm
trying to express to my kids what needs to be done.
I'm still the dumb Dade without question. So having a
third party, you and I rest of the team, we
can act as that third party without if you don't
(03:52):
want to talk about dollars and cents, what the progressions are,
what the processes and procedures are coming from somebody else.
Oftentimes it's it's more believable.
Speaker 3 (04:03):
Well, we always say it's the bridge, right, yeah, yeah,
let us let us be the bridge. Let us be
the bridge. So we have these. They are flying off
the shelves. They are free in every which way. And
this is not your favorite you know financial quasi celebrity,
Fox celebrity that's selling their CDs and you know it.
They're free book the new book, except for the eighteen
(04:27):
dollars shipping and handling. Okay, that's not this. We eat
all costs. We pay for these to be bound. They're gorgeous,
you know that, and we also pay for them to
be shipped. So best way, guys www Dot Madisonmanagers dot
com and you guys like when I spell this, So
I'm gonna spell it out www dot m A D
I S O N M A N A G E
(04:50):
R S dot com and then use any one of
the textboxes there there are multiple. Let us know how
we get them out to you. If you want to
return phone, call, email, whatever it happens to be. If
you want to just leave your address name, how many
copies you want, however you want to do it, just
let us know you want DD two point zero? How
many copies we get them out for free? Michael, what
are you staring at?
Speaker 4 (05:10):
So along with what we're talking about the DoD market
Watch is an information source that we subscribe to and
they have some good articles and this one caught my
eye and it's the title of the article. My sister
made frequent withdrawals from the quote bank of mom and dad.
How our family is torn apart. This is what we're
(05:33):
trying to avoid. Everyone we don't want and we often
say when mom or dad passes away, money oftentimes does
not bring the kids together. It tears them apart. And
that's what's going on here. So the gist of the
article is, we didn't know that my sister was taking
(05:54):
these dollars from mom and dad. They didn't express it
to us, and there was very little in the way
of documentation. What the bottom line here is there was
no communication amongst everyone involved. And it doesn't have to
be Dan, you're gonna get a dollar. Mister producer is
gonna get a dollar. I'm gonna get a dollar. It's
(06:14):
here's what the balance sheet is going to look like someday.
Speaker 3 (06:20):
Here's the plan.
Speaker 4 (06:20):
Right, we've already made amends. If someone has to take
withdrawals from the bank of Mom and Dad, well done.
If fairness is a concern, But all of this bad blood,
like these siblings are never going to speak to each
other ever. Again, that's not necessary. All of this is avoidable.
So when you're trying to do a good thing, help
the kids, yeah, that's wonderful. But when you're gone, you
(06:45):
aren't the referee anymore. Now these kids are picking up
the pieces.
Speaker 3 (06:49):
Mike, I just like the fact and we and again,
this is what we call boots on the ground. If
you're new to us, everyone, we talk about what's going
on in the office. We talk about what's going on
with you, what's going on with your peers. We talk
about who we are working with our clients, okay, and
what what's really on you know, what's really on their minds?
You know what, Michael. And this is again it is
a blind spot of ours. We do not talk about
(07:11):
this enough. It came up not once, not twice, but
thrice this past week in the office with you, Michael,
when we talk about whether we want to whether we
want to include pillar five as an all always there pillar. Right.
Let let's let's assume it is right. Let's assume that
it is okay.
Speaker 4 (07:28):
So I hope it always will be.
Speaker 3 (07:29):
Let's talk about five the five pillars that we speak
about here, Michael. Four of these come automatically built in
with estate planning, what we call real world real estate planning, right.
Speaker 4 (07:44):
Because we actually name the beneficiaries, and we name the
percentage of every dollar we want the beneficiary club.
Speaker 3 (07:52):
To get absolutely correct.
Speaker 4 (07:54):
Now, in this scenario, Dan, let's say you are the
mother father. I am the good daughter. Now I was
supposed to this bad daughter. What they simply could have
done is just changed the ratio of who's getting what
absolutely and now there's no bad blood and there's.
Speaker 3 (08:12):
No there's no combing through the to that point Mike,
there's no combing through the brokerage account at one eight
hundred superstore. Oh jeez, I should have this percentage. I
should have that. There's none of that. There's none of them.
And also there's what we call full death benefit protection.
And anytime I hear the words full and protection, Mike,
(08:35):
you know me, I like that.
Speaker 4 (08:36):
Well, it's not as if the world is on fire.
It's not as if there is commotion amongst everything happened politically,
not as if we have natural disasters here often interesting,
not as if there's people in the Middle East that
are wont to stir the pot. Other than that, everything's perfect.
Oh and a federal reserve that admittedly doesn't know what
(08:58):
they're doing.
Speaker 3 (08:59):
And how much of that has anything to do with
the day to day operations of your favorite company and
their stock that trades on the New York Stock Exchange.
Speaker 4 (09:10):
They could be firing in all cylinders and be a victim.
Speaker 3 (09:13):
Correct, bike as absolutely, absolutely correct. That's why. That's why, guys,
when we talk about when we talk about protections, look
no further than what's going on around us. This is why.
Speaker 4 (09:27):
And I'm gonna we have to go to commercial break,
but I'm going to tease up the next segment where
this is the article we're going to talk about how
do I shield my retirement savings? Oh? I mean as
soon as I saw that, I started licking my.
Speaker 3 (09:40):
Job to make your Oh.
Speaker 4 (09:43):
I'm going to print out a copy and put it
in my library.
Speaker 3 (09:45):
With that set everybody, best way to grab us, best
way to set your appointment, which so many of you do.
We absolutely love it. It's www dot Madison m A
d I S O N Managers m A N A
G E r s dot com. So it's www dot
Madisonmanagers dot com. In the meantime, DoD two point zero.
Let us know how many copies we can get to you.
(10:08):
They are always free, the shipping will always be free.
Set your appointments if you want to learn more about
the pillars whatever it is.
Speaker 4 (10:15):
And you know what I found out, Rob is hoarding
them in his office.
Speaker 3 (10:19):
Oh of course he is. We'll be right back, everybody.
Speaker 2 (10:27):
You are about to experience the Planning for Prosperity show
in three two.
Speaker 3 (10:34):
Here we see Dan Hanlan, Oh, I've got something for you.
Michael Michael Brown, Managing Director, Michael Brown, Daniel Polanski, mister
producers here, Happy weekend planning for Prosperity Radio Hour. Welcome
(10:55):
aboard the Madison Manager's Cruise Show, planning for Prosperity Radio
Hour Cruise Shop. Now. The easiest WYE to gain admission
to the cruise ship is by going out too www
dot Madisonmanagers dot com. And you guys like when I
spell it, so I'll do that www dot M A
D I S O N M A N A G
(11:17):
E R S dot com. And again, guys, use the
taxbox there for everything, whether it's setting your appointments, whether
it's more info on the pillars, whether it's tax planning
help right, whether it's the tax planning guide from Nationwide.
Speaker 4 (11:30):
Talk about that all.
Speaker 3 (11:31):
Free, right and d O D two point os. Guy,
that's our best estate planning work in our opinion. Okay,
it's professionally bound. It costs a lot of money to
put it together, and we make it available to you
for free. Can we also ship it for free?
Speaker 4 (11:46):
I gotta tell you quick story about the cruise ship.
So a buddy of mine is in this business in Kansas,
oh boy. And this is way before COVID, so before
the world chur and everyone was afraid to do anything.
They would have one hundred to one hundred and twenty
(12:07):
five clients and they'd all go on a cruise together.
And what my buddy would do is bring speakers on
the cruise to have some education while you're sitting by
the pool having a margarita while the equery is bringing
you something. And he used to show me pictures. People
loved it, and people and it wasn't all financial. People
(12:28):
had just recently written books, people that had worked for
the I. R. S All estate planning attorney. It was
nobody would go true, but it was gold such a
good idea.
Speaker 3 (12:44):
Yeah no, really no, really really no, definitely.
Speaker 4 (12:46):
Because because we work so much, we don't socialize a
lot with clients, especially post COVID. No, we used to
go to polo matches in the racetrack and have dinners and.
Speaker 3 (12:57):
That kind of fire our own events.
Speaker 4 (12:59):
Yes, that's just that doesn't exist today.
Speaker 3 (13:02):
It's just not not society because I'm not going to one. Well, well,
you may not be necessary.
Speaker 4 (13:09):
I mean if I was just you know, someone said, hey,
we're going to do a seminar on whatever, right right,
exercise nutritious.
Speaker 3 (13:17):
I get it. I'm not going I get it. I'm
gonna say this to you, guys, and again as I
stare as I stare at this, and we understand that
sometimes there are paths that are least resistant. I have
to beg of you, Michael, begs of you. I'm now
going to join the chorus because I saw the adoption, unfortunately,
(13:39):
of one of these earlier this week, and you admittedly
didn't know what you were purchasing and or investing in,
which so often happens, Michael, when you're not education first,
when you don't come to Madison where we are education first, second, third,
and fourth, everyone avoid the Blueberry portfolio. Just avoided, avoided,
(14:02):
avoided too. I'm Mike. I'm almost good to say this
is not a solicitation or to buy seller hold, because
what we always say is, if for whatever reason, if
that appeals to you, okay, and if it appeals to
you in a fashion as you are approaching retirement, please
(14:26):
if you can't run away from it, at least put
some protections around it, okay. If for whatever reason, if
for whatever reason, this is your stick, right and you
know where, Mike, where we see this a lot. We
see this a lot, quite shockingly, when individuals have family
(14:51):
members who are advisors. Right stop, no, no, no, we
see this. We see this quite often, Michael, and I
saw it this past week. And guys, I just got
to tell you, please, please please, if for whatever reason,
(15:13):
if Uncle Charlie, Uncle Charlie's got you doing the blueberry
hokey pokey, okay, please please please at least ask Uncle Charlie. Right, well,
wait a minute. I listen to these guys on the radio,
the educate us all the time. They say that if
this is my shtick, right, if this is my shtick,
(15:35):
can I put some protections around this, uncle Charlie? And
that's the litmus test everyone.
Speaker 4 (15:41):
They're infult one that.
Speaker 3 (15:44):
Well, it's not, Mike, it's not because there's people.
Speaker 4 (15:47):
Don't like to question their attorneys, their accountants. They're financial advisors.
I don't know why you're paying them, but they work
for you.
Speaker 3 (15:56):
But you see where we're going with this. You do
see where we're going with this, right?
Speaker 4 (16:01):
You just teed up the article. Oh okay, yes, please,
let's go with that. That's right, right, we got a
few minutes left here. Title the article how do I
shield my retirement savings? I'm worried, actually says frightened about tariffs,
interest rates, inflation, the economy, markets. Here's here's the punchline.
(16:23):
Everyone quote, I'm worried there won't be time to regrow
my assets if the markets tank. Now, this is someone
who's thinking, and it was it was a question and answer,
and the answer was focus on what you can control, yes, right, yes,
(16:45):
And now everyone's everyone got nervous last week, Dan when
China's Deep seek Ai apparently scared everyone in all the
AI stocks really took it on the chin.
Speaker 3 (16:56):
It's not just the stocks, it's it's but that's to
see how quickly it You know this in a heartbeat.
Speaker 4 (17:02):
Things are down twenty twenty five percent. But if you
focus on things you can control, and what you can
control is market risk, and those are the four of
the five pillars. If I can control not just what
the market is going to give me, but what I'm
going to take from the market, it's a whole different mindset.
(17:23):
Now you're in the driver's seat. Now you're thinking, if
the markets do well, fabulous, we're all gonna do cartwheels
down the hall. If we go through a bad cycle.
I'm not letting the stock market or the bond market
derail me.
Speaker 3 (17:38):
I have this conversation with so many of you, and
I'm entitled to my opinions, and you want me to
have opinions. You want me to have strong opinions. Okay,
if you are of a certain age and you are
eligible at this point in time, okay, and this point
in time meaning this the cridical piece of it, right,
because we can still take advantage of these, let's say,
artificially elevated short term interest rates right before the next
(18:02):
leg lower comes. Okay, if you're of that belief, Okay,
which I am. But that's fine. Here's the point. Here's
the point. If you are not having a discussion with
your favorite advisor, we think it should be us. Okay,
But if you're not having a discussion regarding Pillar two,
regarding taking advantage of these guaranteed withdraw rates that are
at some of the highest levels of the last twenty years,
(18:24):
it's shame on you, guys. It's shame on you. Because Michael,
that's the point to me, when you began reading that,
just that, just that paragraph that you read that just
argued for pillar two. It's just argued for pillar two.
Because I can sleep at night, I have my portfolio
in place, right, it can be a growth portfolio. For
that matter, I have my growth portfolio in place. And
as you say, if the market does well, we all dance, right,
(18:46):
we all dance. But if the market does nothing and
or does poorly, by definition, each year that I don't
touch that guaranteed withdrawl, doubt those guaranteed withdraw dollars. Each
year they're going to go off. You get a pay raise.
Speaker 4 (19:03):
And people. Sometimes we make things more complex than they
need to be. We try to have elegance and simplicity.
But with pillar two, think about this, just like social Security.
If I don't take my benefits this year, I have
higher benefits for the rest of my life, and each
year that I postponed it starts to compound higher. It's
(19:25):
the same chassis, it's the same mathematical model. We make
this too complex. If I don't take money this year
and the market goes down, I still get more money
next year. Well, if the market goes up, great, it's
the same is that And here's what people.
Speaker 3 (19:43):
And here's the other piece. It's yours.
Speaker 4 (19:44):
That's it. That's it. If you want to take your
ball and go home, say I want to do something else,
it's your money. You didn't relinquish control, and you can
have us help.
Speaker 3 (19:56):
We have some people MIC that are getting into some
really advanced planning straps, right because we have the tools
to do them. Where they've been so successful. They were
in growthy growth, right, remember when we made that call
two and a half years ago, like this looks like
this could this could be generational type stuff. Okay, they're
getting so advanced, and because they have the tools in
(20:18):
plass MIC, they're able to take profit off of these
growth investments where it was a score of scores, right,
a score of scores and literally move the money, take
those profit dollars and place it into their pillar two
where they can again they can still be growthy growth,
but they immediately create guaranteed with draw dollars, guarantee pension
(20:44):
dollars in retirement. What the heck is more beautiful than that?
Can you think of anything?
Speaker 4 (20:51):
I can think of one thing? What you and I
not having to be in the apology business by selling
people the Blueberry portfolio, that tank.
Speaker 3 (20:59):
That is that is a beautiful piece guys. But again,
if these strategies sound appealing, and we sure hope they
wet your appetite. Here's the way www. Dot Madison Managers
dot com. It's www dot m A D I S
O N M A N A g E R s
dot com. Again use the tax boxes. I think the
best way is right now, whilst you're thinking about it again,
(21:22):
set your appointments. If you want d D two point zero,
that's our state planning work. If you want tax guides
from nationwide, if you want literature on the pillars, whatever
you like. We do it all for free, and we
ship it for free. You heard that right, everybody. We'll
be right back.
Speaker 2 (21:43):
You are about to experience the planning for Prosperity show
at three two.
Speaker 4 (21:57):
This is r.
Speaker 3 (22:01):
Yeah, Dan Polanski and Michael Brown. This is awful.
Speaker 2 (22:04):
Wester producer must have had a bad day.
Speaker 3 (22:08):
This is angry music. All I can do is shake
my head and it is anxiety.
Speaker 4 (22:15):
You know what. I can't believe He's never done, which
will be coming very soon. Who sang the song Blueberry Hill?
Was it Fats Domino?
Speaker 3 (22:23):
Absolutely?
Speaker 4 (22:25):
That should be our intro music. He found us thrill
the Blueberry Portfolio.
Speaker 3 (22:28):
But we hope you don't find your thrill on Blueberry
Hill like so many have.
Speaker 4 (22:33):
Unfortunately them wait, so, Dan, here's some bad news coming
for people. Okay, as they're opening their mailbox today, the
next couple of weeks, they're gonna get getting something called
a ten ninety nine their tax document. I'd love to
know how many listeners you're gonna get a taxable event
(22:55):
for investment that lost money last year. And I'm talking
about these garbage bond funds.
Speaker 3 (23:01):
It's not only God, Mike, it's not only bond funds.
I mean, it's it's just again, here's the thing, guys,
and again Www. Dot Madison Managers dot com. You know
I have to tell you how to get in touch. Okay,
it's www Dot m A D I S O N
M A N A G E R S. Just real
quickly D D two planos right, D. Two planos flying
off the shelves. That's our state planning work. One for you,
(23:23):
one for a loved one. You're doing a great job.
And again we thank you again. It means so much
to us. We educate first. Now let me throw this
in real quick, Mike, and we went. We went after
this a little bit last week where we made it
very clear, guys. We made it very clear that when
you take monies right when you take after tax moneys. Right,
(23:46):
you take checking account dollars, right, checking account dollars, UH,
brokerage account dollars, Mike's favorite bond fund, you know, bondfund
dollars held out there, just again in brokerage. When you
take those dollars and instead look at one of the
pillars that we speak about that there's no more ten
nine us.
Speaker 4 (24:07):
It's not a fair fight.
Speaker 3 (24:08):
It's there's not there's no more ten nie evens.
Speaker 4 (24:10):
And to the listeners, and you're getting your d D.
Also request from Rob the twenty twenty five tax Planning
Reference List and the Taxation Guide to withdrawals and income sources.
Now that's a mouthful, but what's going to show you
graphically is what type of investments you're going to pay
(24:32):
federal income tax.
Speaker 3 (24:33):
Oh, that's good income tax.
Speaker 4 (24:36):
If you're going to be subjected to the net investment
income tax, you know, the Medicaid penalty, if you're going
to have sensitivity to your gross income, meaning all of
your income might be in a higher bracket. Now, then
we'll have the discussion. Great tax efficient.
Speaker 3 (24:50):
And let's do it this way, guys, just let us
know again, do it one of two ways. Number one,
use the tax box at Madisonmanagers dot com. Right, use
the taxbox. Let us know if you want Rob to
call you back, and then you can do a little
probing and learn what you might like or or or
let's just call those the tax docks. Right right, we'll
call them the tax docks. Grab the tax docs, guys,
(25:10):
and again run absolutely run with them. They're free, we
ship them for free. We can email zapple them over
to you if that's what you like, whatever you like.
Speaker 4 (25:18):
And what people aren't really thinking about and they're going
to is if I'm already Medicare age, let's just assume that,
and then these absolutely terrible funds start spewing out more
ordinary income. It's not only going to make my total
tax rate and tax dollars being owed go up, it's
(25:40):
gonna make my Medicare payment's more expensive.
Speaker 3 (25:42):
Yeah. See, that's it. That's a big piece.
Speaker 4 (25:44):
It's a double WHAMMI. So you have to be tax efficient,
and if we can have tax deferral, it doesn't get
any more efficient. Tax shelter with tax deferral, yeah, I mean,
with with investment protection, with death benefit, with beneficial beneficiary planning.
It we're everyone's gonna have a rude awakening someday when
you start to see I only paid eight dollars in
(26:06):
tax last year. Now I pay eleven. And it's coming, Mike,
the third it has to.
Speaker 3 (26:13):
I'm gonna give you two things to look out for
in this particular, let's say over the next eighteen months. Okay,
and again, guys, we don't beat the you guys, no,
we only beat the drum literally when it's absolutely necessary.
But I'm gonna say this because Michael and I we
were just having a discussion about Pillar two, you know,
before we went on airs, and we were talking about
the rates, right, which is what's most important here, right,
(26:37):
the rates that you are guaranteed right for life, for
spouse's life, whatever it happens to be, because that's what
Pillar two is all about. Okay, what am I guaranteed
for the rest of my natural lifetime? And oh, by
the way, as we always say, if I hold off
on taking those dollars, how much will those dollars grow
(26:58):
guaranteed each year that I defer? Okay, that's all that mass.
Speaker 4 (27:03):
So we can get a best best, best, a worst
case scenario. If things go terrible in the market, we
can tell.
Speaker 3 (27:11):
You within pays. We'll get you within pennies.
Speaker 4 (27:14):
Worst case, one year, two, three, five, ten years out,
what your paycheck is gonna look like every month. Absolutely,
the market goes up, then that number goes up.
Speaker 3 (27:23):
But the point is, Mike, what I'm saying is, guys, guys, guys,
there is one provider, especially for those of you listening
in New York State, there's one provider that's a full ahead,
a full ahead. Think of it, a head on a body,
a full head above the rest. Guys. The rest aren't
coming up, Okay, make no mistake, they're not coming up
(27:45):
to meet this particular provider at those higher rates. The
provider who's providing the higher rates, they're gonna come down.
They're gonna come down to meet everybody else. And then
the discussion is just about uh uh okay, well, what
name do you like best? It's not about what again,
it's not about taking advantage. It's just simply what name
do you like best? Right? So please, guys, please, please please,
(28:10):
If you are above, if you're fifty and or above,
and you think you may need some sort of guaranteed
paycheck and retirement, which again, everyone should be nodding their heads.
Right now, right, guys, Let's have the conversation right now
and take advantage of these artificially high rates, because, as
I said, there is one provider, one provider that is
a full head above where everybody else is. There used
(28:34):
to be two, there's one. Okay, two to one goes
to zero. Okay, Www Dot Madisonmanagers dot Com. Use the
tax box and let us know the other thing, Mike.
The other thing is I don't know where this again.
We've been talking about it now since it was launched,
and so many of you have taken advantage, and you,
guys are thrilled. But here's the point. Is our favorite
(28:56):
pillar three provider, okay, and you want us to have favorites, okay,
Our favorite pillar three provider, the one that allows you,
if you so choose, you can invest one hundred percent
of your money in one of again, depending on the minute,
one of the largest hedge funds in the world. Yes,
you heard that, proper, You heard that correctly. And at
the end of the investment term, if things go well,
you keep every single penny. Yes, you heard that correct
(29:18):
So far, so good, right, here's the stick. If things
don't go so well, like Michael says, Like Michael, remind
us about previous segment where there's a billion and two
things that have nothing to do with the market nowadays
that somehow impact the price of Google on a given day. Okay,
the point is this, if things don't go so well,
you are and yes, you're gonna hear this correctly, so
(29:39):
don't think you're not misshearing. It's not static. You are
one hundred percent inoculated against any loss at the end
of the term, so you keep every penny of upside
if things go well and you are inoculated against loss
on the other end. Okay, Now, the point is this, guys,
The point is that team gonna be around for long
(30:02):
because simply put, it's unaffordable. It's it's it's unaffordable, it's unsustainable.
It is it is a lost leader, if you will, right, Mike,
it's exactly what it is.
Speaker 4 (30:12):
It's and when I and they don't tell us what
their appetite is for money, is it ten billion, is
it fifty billion? We have we don't know what their
appetite is. And when they reach that threshold they say
thanks and that's it now, and there's no if you're
in the club. You're in the club. They can't kick
(30:33):
you out. You're in exactly exactly, but you can't get
a new reservation.
Speaker 3 (30:37):
But that's but that's the point Mike and we were
we were talking about this just last week and and again.
Whether it's pillar three, whether it's pillar four, your favorite
right where I can be index man, I can be
nasdac Man, Right, I could be nasdak Man. I can
be index Man. I'd be nasdac Man. Pillar three, I
can be Hedge fund man. But I can put protections
(30:57):
in place. Why is everyone why are we not all
at least placing a portion of our portfolio here?
Speaker 4 (31:06):
Well, why do I mean, Nike in our little corner
of the world. People are oh, absolutely right, because they're
hearing our message over and over and over again. And
then they come in and look at the numbers. Because
when when someone says I'm going to protect something of yours,
that's great. How much is it going to cost me?
Oh yeah, that's the fear.
Speaker 3 (31:26):
Oh yeah.
Speaker 4 (31:26):
So once you come in and see the numbers of
what really happened in the real world, go back five, ten,
fifteen years, whatever you want to go, and you say,
wait a minute, I didn't really have to give up anything.
Speaker 3 (31:37):
No, And you know what the most bizarre thing is, Mike.
You know, it's so counterintuitive with what we educate on
and what we invest in. When we talk about the pillars,
the beauties to the downside, the beauties to the downside.
Speaker 4 (31:50):
What's powerful is when you look at let's go over
the last I don't know, twenty five years, whatever you want,
how many years the stock market lost money? Yeah, and
then you compare, well, if I had the protections in
place and I didn't lose the money, and I get
the leapfrog over the regular index investor, the regular mutual
(32:11):
fund investor. That's where people the lightbulb goes.
Speaker 3 (32:14):
Oh, what if I'm a young chop right now and
I'm listening.
Speaker 4 (32:17):
Who says you're not a young chap?
Speaker 3 (32:18):
Well, no, I'm just thinking if I'm listening right now,
and that's a good point. Let's say this, Michael, if
I'm a young chap, I'm listening right now, and I say,
wait a minute. I love the nasdact, I love the cues,
I love the NDAX.
Speaker 4 (32:32):
I want the AI absolutely, why.
Speaker 3 (32:34):
Don't I listen? What I got a call to the
end of Mike, and TOI about pillar four because I
can be NDX for the next twenty years, and yet
I can cut out all in or most of those
abysmal down years.
Speaker 4 (32:48):
All Right, you know, I'm kind of glass half empty always,
That's just my personality. We've had ten good years now.
In that ten years, we had a couple of dixies. Overall,
the market did very very well. Hm. We don't have
the same tailwinds that our back anymore.
Speaker 3 (33:03):
No, no, no, no.
Speaker 4 (33:04):
The we don't have lowering interest rates, we don't have
governments buying securities in the open market. That's all gone.
So I think the next cycle might be more difficult
than the last, and.
Speaker 3 (33:17):
That that's well said Mike. So again, guys, let's talk
about the pillars. Let us educate. That's what we do here, first, second, third, fourth, fifth,
for as much education as you can possibly stand. It's www.
Dot M A D I S O N M A
N A G E R S dot com. Go there
right now. I think that's the best time, guys, d
O D two point ohers that's what I want you
(33:38):
to grab. Grab a couple of copies. Let us know,
get the tax go totally. Oh yeah, tax and again
just mention tax info, send me the tax in photo.
Will put together beautiful tax package for you. Again, totally
totally free. We'll see right back.
Speaker 2 (33:57):
You are about to experience with the planning for prosperity.
Show three two.
Speaker 3 (34:03):
Here my knees rolling stones. We don't get.
Speaker 4 (34:18):
Who?
Speaker 3 (34:18):
Yes, good heavens, Why didn't I have to come up
with that?
Speaker 4 (34:22):
Man?
Speaker 3 (34:23):
I'm Daniel Polanski, Michael brad Injury Managing director, Michael, I
have Brownsheimer's. He has a plastic wear on his head.
You're gonna start wearing a helmet.
Speaker 4 (34:34):
I think I.
Speaker 3 (34:34):
Should Seriously, you and ice not good.
Speaker 4 (34:37):
I should wear a helmet.
Speaker 3 (34:38):
Why wouldn't you?
Speaker 4 (34:39):
I should come in full pads twenty four to seven.
Speaker 3 (34:42):
I would just wear you know, I would just wear
like again your favorite NFL helmet, but put the new
stuff on it. The phone's the high impact home on
the outside.
Speaker 4 (34:50):
Then I'd be like six four, Yeah, that'd be fine.
Speaker 3 (34:53):
Would you fit in through the door?
Speaker 4 (34:55):
I don't know. I have a big head to begin.
Speaker 3 (34:56):
With you with your luck, take the helmet to get
the door, and then you'd slip with your like happy weekend,
Dan Phalanthky, Michael Bratt thanks for being on the cruise ship,
the Politic for a Prosperity cruise Ship, the Madison Wealth
Managers cruise Ship. Guys, you guys have been great. Requesting
your DoD version two point zeros. That's our state planning work.
That's professionally bound. Again in our opinion, it is our
(35:19):
best estate plaiting work. We are allowed of opinions everyone,
so please take advantage. They're free. We spend a lot
of money on these, We put a lot of time,
a lot of efforting. You guys love them. You guys
love them. So you've taken that next step where not
just for you anymore. It's about your loved ones, it's
about your name. Really, it's absolutely so that's what we
want to see. Now. We now have a new panoply
(35:41):
of goods that we're calling the tax stuff. Okay, the
tax stuff totally free, same drill if he needs.
Speaker 4 (35:48):
And as you like to say, it's forward.
Speaker 3 (35:50):
Looking, forward looking, Mike, we don't well, we don't look
in a rear.
Speaker 4 (35:53):
Suffer what happened happened?
Speaker 3 (35:54):
We don't. We don't look in the rears. We we
can only go forward when.
Speaker 4 (35:56):
People are starting to fill out their tax returns. Yeah,
that's when the blood pressure is gonna go up. That's
and that's where they're gonna say, Hey, Marge, where'd you
put the tax stuff from Dana, MIKEE get it?
Speaker 3 (36:06):
Get it now, guys, get it now. So here's the
way www dot Madisonmanagers dot com. It's spelled out www
dot M A D I S O N Managers m
A N A G E R s dot com. So
Madison Managers all on word. Use the tax box and
again d O D two plano. Let us know if
you want that, If you want that and the tax stuff,
(36:27):
get the tax stuff too, whatever you want, mix and match, guys.
It's all free. There's no jokes, there's no hijinks. There's
no twenty dollars shipping and handling where it costs three
dollars to ship. There's none of that. Guys. It's all free.
We just want to educate. I heard something like and
this was this was frightening. Okay, this is this was
(36:47):
from a conference call, Oh the week. Okay, this is
from a conference call, Oh the week, And this is
from arguably the company whose stockshall going Okay, argue the
hottest dot maybe the most nonsensical valuation in the market
right now of a company of a certain size. Kay,
(37:10):
they reported their earnings and the CEO, who, best anyone
could tell, is also a founder. There's fifty found and
beside the point. But apparently according to according to he,
they do not have salespeople. They don't have salespeople. They
only educate Michael, is is he listening?
Speaker 4 (37:34):
I think he took a page on.
Speaker 3 (37:36):
I was just gonna say, is he is he listening?
Speaker 4 (37:38):
I want to have a chat with him.
Speaker 3 (37:39):
Well, and here's the here's the point. Here's the point,
guy said. Every one of you who are clients, every
one of you is who have sat down with us.
You understand there's no there. There is no sales pitch.
We don't have a sales pitch. We come up. If
you can come up with a sales pitch for us,
we we'd love one.
Speaker 4 (37:58):
Okay, I'm gonna share with you this research report. I
keep going back to, Oh, dear habits wait is this
education Dan? Because this is exhibit one fifty three. They
expect the US Treasury a mun it'spal bond market to
outperform cash in twenty twenty five. Is that helping me
(38:21):
in any way, shape or form or or do I
need to see Exhibit one fifty eight, where the median
rainy day fund among state governments stop as a share
of expenditure rose last year. How is this helping.
Speaker 3 (38:37):
Any I'm going to help you right now, you know what,
because we.
Speaker 4 (38:39):
We a trying to grab this out of my head.
Speaker 3 (38:41):
No, no, I'm going to help you right now, because I
almost jump across the table. I'm gonna help you right now, everybody,
because we have this conversation. You guys are listening right now.
Here's the point. Here's the point for those of you,
for those of you, and we have this conversation with
you all the time, even if you are someone who
is still covered by a pension plan, okay, especially if
(39:02):
the pension plan is held in a back room somewhere. Okay.
So in other words, at the end of your term
service with that employer, you cannot take a lump sum,
meaning you cannot make it yours right, meaning again you're
dependent on a retirement system of some sort. I would
also highly highly stress that perhaps you have a discussion
(39:25):
about making some making some contributions right whilst you can
into a pillar two like investment vehicle, right, Mike, where
you have control, where you have a portfolio. And oh,
by the way, the pension dollars, the withdrawal dollars. It
works exactly the same way, except the pension dollars are yours.
(39:47):
So please take us up on that offer to educate,
because I feel so strongly about that, I'd literally just
almost rip that piece of.
Speaker 4 (39:55):
Luckily I'm far far enough away could get it from me.
But Mike, but I love this thing. Just get your
blood pressure.
Speaker 3 (40:01):
What point? What a point are they making? They're making
exactly that point. You gotta do something for yourself, everyone.
Speaker 4 (40:08):
See, the point of of this insane research is to
try to make people believe they know something that you
don't know.
Speaker 3 (40:17):
Right. But my point was when when you were getting
into the government expenditures et cetera, et cetera, talking about
I'm sure they get into pension shortfalls, et cetera, et cetera,
ranking the states, YadA, YadA, YadA, because that comes up
once every once every year. I would say, where you
rank the states as to who's whose pension fund is
truly insolvent? You know, et cetera, et cetera. But the point,
the point is this guys, do something for yourself, even
(40:38):
if you are covered. Dude, dude, do something for yourself.
You'll feel You'll feel better, you really will.
Speaker 4 (40:44):
Can I get your blood pressure up one more time?
First of all, we're sitting here in a studio, and
if anyone has ever watched the show Seinfeld, Dan has
the George Costanza while I do the wall about seven
inches high. There's no pocket in the world that they
would fit in unless you're in the circuits.
Speaker 3 (41:01):
I couldn't sit down with it today, Mike, my pants
are too tight to.
Speaker 4 (41:04):
Be I don't know what's going on there anyway. Here
here is an exhibit one seventy one uh expected default
rates for municipal bonds. Okay, so let's see, Dan, we are.
We know we're all gonna have to be much much
much more tax efficient. Great, okay, And if I want
tax free income, am I going to buy a municipal
(41:27):
bond in New York City?
Speaker 3 (41:29):
Well, I'm not Chicago, I'm not, but you can La Again,
I'm not, but you can.
Speaker 4 (41:35):
You're going to want to buy municipal bonds where there
is population growth, sure, and there is spending limitations, and unfortunately,
and not being political, those are the Red States for
the post part YEP. So when someone says to you, hey, Dan,
I've got this New York State municipal bond fund, right,
(41:59):
that's already the two worst things I want to hear,
new York State municipal and bond fund. I start to cringe.
I started to get up.
Speaker 3 (42:07):
See Michael, you are gosh, it was almost his own Michael.
And a lot of the times, guys, and you guys
know this when we sit down with you, a lot
of the times, Michael and I, unfortunately we can't both
be there. You know, we can't both be there for you.
Sometimes the teammates there, whatever it happens to be. Sometimes
it's just Mike. Sometimes it's just myself. You guys get this.
But Michael, you weren't in some of the meetings that
I was in this week with you guys. You know
(42:28):
you guys who you know you're coming on board the
cruise ship.
Speaker 4 (42:30):
I was in intensive care.
Speaker 3 (42:32):
You were into Yeah, you were, you were injured this week.
But the point is this, Mike, this is exactly what
we're talking about. Where we spoke about, well, wait a minute,
that pension stream, right, whether it's coming from the State
of insert here or whether it's coming from I've got
my own pension that I built up in pillar two,
(42:53):
I'll think b whoa right, right, And I've got an
A rated insure, a truly a ensure, some of which
have been deemed literally too big to fail. Okay, too
big to fail. At the end of the day, guys,
that guarantee is only as good as a guaranteur. It's
only as good as a guaranteur.
Speaker 4 (43:12):
So do you think New York State well done would
get a good ranking, a good rating? It couldn't be lower.
Speaker 3 (43:20):
I'll say this, I wouldn't at this Maybe Illinois. I'll
say this at this point in the cycle. Guys, let
me put it this way. If I were absolutely dying,
dying to build out a municipal bond portfolio of quote
individual New York State UNI bonds, I would want to
educate on maybe some alternatives. That's all, not not causing,
(43:42):
not pulling a Meredith Whitney, not doing any of that,
not cause.
Speaker 4 (43:46):
I would want to know why you have a death
wish with your money.
Speaker 3 (43:49):
I just don't know what to do. Mike. Here's the point,
why do it? That's the point where there's so many
other options that I would argue are not only more attractive,
but potentially again only as good as the guaranteur. Right,
why go there? You know, there's no reason again, there's
no there's no reason. There's no there's no quote added diversification,
(44:10):
there's no there's no any of that. I have other
ways to maximize. I have other ways to maximize your
after tax income, your tax show. We call it tax
advantage income. There's no real reason to go there anymore, Mike.
And to be brutally honest, Mike, I think that's why
that not much of that business anymore.
Speaker 4 (44:31):
Well, people are more educated than ever. Right, and the
Internet changed the whole landscape at Wall Street, and Wall
Street had to become two things, much more aggressive and
much more imaginative in their marketing. I mean, just just
go online and Google any of these big firms. They've
become digital masters. Their commercials are fewer and fewer of
(44:55):
Grandma and Grandpa walking hand in hand on a beach somewhere.
They're talking about real things now because they have to.
But they still are the best marketing machine in the
history of time.
Speaker 3 (45:04):
The best.
Speaker 4 (45:05):
They may Madison Avenue look like.
Speaker 3 (45:07):
Rookies, not even close as you say, not even closer.
Speaker 4 (45:10):
And our problem is getting through to people to actually
see it for what it is.
Speaker 3 (45:14):
Well that's well no, no, no, and Mike, that's that's
what it is, because we just need to use our edge,
right because our edge is the fact that we are
bringing a tremendously sophisticated vehicle and vehicles to invest in.
We can all but again to Mike's point, you want
a stream of income in four years, we can get
you there within a penny. Okay, no ifs bots, no maybes, no,
(45:37):
if this happens, that happens. We just need we just
need to sit down with you and show you we
are who we we are, who we say we are.
Speaker 4 (45:43):
You know what Dan needs? What's not to see a
lot of Taylor Swift tonight?
Speaker 3 (45:46):
Oh? Will you stop it? Oh super Bowl theme? Guys,
I don't where that music came from. Www dot Madison
m A D I s O N managers dot com.
It's m A D I S O N m A
N A g e r s dot com. So in
between grabbing your t Swift albums and your super Bowl
gear d D two point zeros and just call it
the tack stuff, guys, will get it straight out. It's
(46:07):
all free. Have a great super Bowl weekend guys. We'll
see you in the office.
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