Episode Transcript
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Speaker 1 (00:00):
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here are independent of Osaic Wealth. Madison Wealth Managers and
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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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or view of Osaic Wealth Inc. Information in this illustration
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(00:44):
provided for informational purposes only and not to be construed
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Speaker 2 (01:04):
You are about to experience the planning for prosperity Show
three two.
Speaker 3 (01:19):
I I this is your group, Murphy is that it?
We're never gonna get it.
Speaker 4 (01:32):
Let me say the High Kings usual kids. It's Daniel Polanski,
Michael Brown, Managing Director, Michael Brown, Madison Wealth Managers, Wealth
Cruise Ships a w w W dot Madisonmanagers dot com.
(01:52):
I lead with that, Michael, because a big thank you
to all of you of Madison Nation. You guys crushed
us LA last week with requests for what to do
when a loved one dies.
Speaker 3 (02:04):
I have it right in front of me, and I
was shocked.
Speaker 4 (02:07):
I knew you guys.
Speaker 3 (02:08):
This is not new.
Speaker 4 (02:09):
Thank you guys. No, we've got to say thank you.
And listen. We know the timing isn't always right for you.
We get it. Listen.
Speaker 3 (02:16):
It takes a catalyst.
Speaker 4 (02:17):
It's it's the world, right, it's the world. It's what
we're living in, et cetera, et cetera. You have lives,
we have lives. We get it. You can't always reach out.
Speaker 3 (02:26):
We really don't have lives.
Speaker 4 (02:27):
I know we don't, but I will say this, guys,
I've got to say a big thank you. I think
it was a record setting week last week in terms
of requests, and it was across the board. But what
to do when a loved one dies? If again, if
you don't know what we're talking about, Okay, we make it.
Let's make it really simple. We're allowed to have opinions.
You want us to have opinions. In our opinion, it's
(02:48):
part of what we call our do D Version two
point zero. Simply put again, in our opinion, it is
our best estate planning work. Yet it is professionally bound.
It will literally last your lifetime. It is free. You
heard that correct. It is free. We ship it for free,
and we do believe that you will at least learn
(03:10):
something from scrolling through the pages. We can't make it
any simpler than that. And how you get it, How
you get it, guys. Again, I'll spell it out because
some people really like that. It's www. Dot m A
d I S O N M A n A g
E r s dot com. And when you get there,
whether it's your phone, your tablet, your computer, you'll see
(03:31):
a variety of textboxes. They'll say things like can I
ask a question? Make your appointment? That sort of thing.
Just click on it. Let us know you want d
D two point zero, you want what to do when
a loved one dies, you want information on the pillars,
which we're going to talk in depth about this week.
But that's what you're going to do when you click
(03:52):
on the textbox. So if you didn't grab your d
D version two point zero last week, again, it's free.
We ship it for free, and that makes Mikey really
really mad. So again, let's crush them this week. You
guys crushed them last week. In a big thank you
to all of you, Madison Wealth Managers Nation, I have
a surprise for you.
Speaker 3 (04:12):
Oh, because you're in good spirits today I'm gonna try
to change that. Oh because this past week a listener
brought in a statement to me. Now, if anyone listeningdiscovered
(04:34):
your statement, and it says you own the multiple strategy
Profile three moderate growth portfolio, cut it out. It's right
in front of it, right in front of me. Now,
you and I we think we're pretty smart guys, we're
not smart enough because what we should have done is
(04:55):
invented these insane funds that people's money is being put into.
Now let me let me, let me hold. I'm gonna
just dabble this out of you all day today. What
in the world would the Nasdaq Clean Edge Smart Grid
(05:16):
Infrastructure Fund be?
Speaker 4 (05:18):
Is that a razor Like a razor blade?
Speaker 3 (05:20):
The Nasdaq Clean Edge Smart Grid Infrastructure.
Speaker 4 (05:24):
Fund saw that at CVN.
Speaker 3 (05:25):
What are we doing here?
Speaker 4 (05:27):
No, I'm popping Mike. Okay, guys, let me let's let's
make this up up. I'm gonna team my cup because
I've got to cut them off rather than that. Let's
keep this super simple, guys, because again, it does not
have to be this way. Okay, let's do it this way.
And I've been thinking about this. I thought about it
as we were getting together this morning. Before we got together.
Mike likes the math. We're gonna keep this super simple.
(05:50):
You are someone who's been salivating over the Nasdaq pullback here, Okay,
you've been salivating the pullback in big tech. Okay, the
buyback kings, if you'd if you'd like to refer to
them as that, because they drive the NASDAK right, these
are the guys that can buy back oodles and oodles
of their own stock. Most of them now pay a dividend.
If you like dividends, right, you can put it on
(06:11):
reinvest keep it super simple.
Speaker 3 (06:12):
Wait, how's their balance sheet? Look?
Speaker 1 (06:15):
We?
Speaker 3 (06:15):
Okay?
Speaker 4 (06:15):
As all right, a pretty good more cleanly than the governments.
We'll put it that way. The federal government is in
a state government. Let's put it this way, guys. Let's
do the math. Okay, let's just be polite and say,
whether you want to look at the NDX, the Nasdaq
one hundred, whether you want to look at NASDAK. Let's
be polite and say, down fifteen percent from the highs, right, mathematically, Mike,
(06:37):
if you are someone who says, listen, this is all
gonna settle back out right, We're gonna go back to
where we were, right, We're gonna get back to those highs. Okay, mathematically, right, Mike,
If you're down fifteen percent, you have to move roughly
up twenty percent to get back to where you are,
just breaking mathematically. Okay, So I'm a believer. I'm a believer, Mike.
(06:57):
Can you do anything impler? Then? Talking to Mike Brown?
If you are one of these people, right, if you're
a believer. You're one of these people say Nasdaq's gonna
get back, We're gonna get back to previous highs, forgetting
new hives, just getting back to where you are, right,
we're talking about a twenty percent move. Is there anything
simpler than going to www dot Madison Managers dot com
(07:20):
having a conversation with Mike Brown on our team about
pillar four right, pillar four mic. Where I can be NASDAK.
I can be NASDAC if I'm right, meaning we get
back to where we're I'm a winner, right.
Speaker 3 (07:35):
I'm superware. I'll doing cartwheels, doing cartwheels.
Speaker 4 (07:38):
But if I'm wrong and there's more blood, not only
do I have protection to the downside, but but I
can have those dollars if we do go down rep
hatreated into my account into an even weaker market to
buy even more. Now Can I do that? Mike?
Speaker 3 (08:02):
You can? And I think the premise is I've heard
this once or twice before.
Speaker 4 (08:07):
Uh huh.
Speaker 3 (08:07):
I'd rather buy low and sell high, and that's what
we do. But if the market goes dowwn, everybody else
is battered and bruised. Yes, you get that principal back
and you're reinvesting while everyone else is in tears. That's
buying low.
Speaker 4 (08:24):
But what let me ask this again, Mike, I'm just
trying to keep this as simple as simple can be,
rather than the radiant.
Speaker 3 (08:32):
So you don't want the MSCIUSA Momentum Factor Fund. That's
a real thing. I'm reading these things.
Speaker 4 (08:39):
I just want to be able to place a phone call,
put my money to work, sign a docu sign and
have protection not only on my own account, right but
for my family should I pass away. And oh, by
the way, if it's after tax money, I can be.
Speaker 3 (08:56):
Tax deferred for as long as you want.
Speaker 4 (08:58):
Meaning No. Ten ninety nine in this tax season. You
know what we need to do or we can call
your face or do you want.
Speaker 3 (09:04):
The MSCI US A momentum factor fund and we can
tell whatever that is.
Speaker 4 (09:08):
And you know what, Mike, you can talk about that
for two hours into you're blue in the face.
Speaker 3 (09:12):
What about the just wait right at the US broker
dealer securities Exchange fund? Here head on that, Dan, Guys,
here's the This is real, really bad, but it's real.
Speaker 4 (09:24):
We call them pillars. Okay, we like to keep it
super simple. We believe again, in our opinion, not a
solicitation by a seller. Hold that these should support your
investment portfolio. Right, These should support and play a major
role in your investment portfolio. Pillar four is Michael Brown's
arguably favorite pillar. Okay, The point is this, guys, if
(09:47):
you would like to take advantage of this Nasdaq pull back, okay,
and you believe we will get back to previous levels,
I do. I do suggest you educate, right, because we
educate first, second, third, fourth, fifth here at Madison and
the easiest way to do it, guys. There's no super
(10:07):
rip edge fund.
Speaker 3 (10:09):
Your way, don't want.
Speaker 4 (10:11):
It's the www dot m A D I S O
N M A n A g E r s dot
com fund. Guys, click on that, go right there, right now.
Let us educate, guys, and again grab your d D
two point ohs. You guys were fabulous last week. Let's
keep it up. We'll see you right back.
Speaker 2 (10:33):
You are about to experience the planning for prosperity shows
three two.
Speaker 3 (10:43):
In Dublin.
Speaker 5 (10:46):
I guess this is a shout out to Brandon and
great clients, great fans of the show.
Speaker 4 (10:56):
Apparently, right? Is this why we're doing a tribute? Isn't
is Brendan's fab this weekend.
Speaker 3 (11:00):
Everyone's Irish.
Speaker 4 (11:02):
Yeah, but this is his favorite. Like here she listen
to this stuff like the Irish travel I would never
guess these are the Irish travelers. I would have thought
they were that one. I would have thought the Japanese travelers.
Excellent guys, happy have you? We can? I have been
such a mood this weekend, guys, for a variety of reason.
It's number one. You guys crushed it last week requesting
(11:24):
your D D two point ohers. Again, you found out
those of you are new. You found out they're free.
We shipped them for free. And again it's all about education. First, second, third,
fourth here at Madison, very very simple, okay, www dot
Madison Managers dot com. Again it's www dot m A
d I S O N M A n A g
(11:46):
E r s dot com. Use one of the textboxes.
They'll say things like can I ask a question, make
an appointment? That sort of thing. Just click on it.
Let us know you ont D O D two point ohs.
Speaker 3 (11:57):
Rob will get it out to you. You guys right direct.
Speaker 4 (12:00):
Hourrashed it last week again. Section again. If you miss
section one, which which I always refer to it section one.
This is section two. By the way, everyone did the show.
If you miss section one, we just teed it up. Guys. Again,
you know, we like to keep it very, very simple.
There's elegance in simplicity, and as you know, some of
the most complex planning, right, Mike again, is tied up
(12:23):
in the simplest outcomes. Right.
Speaker 3 (12:25):
And we talked about last segment that people were asking
for what to read when a loved one dies? What
do we do right? What's what's my next step? And
we talked about last week. It's not meeting with the
funeral home. It's not your normal things, right. What we're
trying to do is protect the deceased and the deceased
(12:48):
family members, the heirs from the fraudsters, the scammers, the
identity thieves, the people who are always one step ahead
of everyone else, the bad guys.
Speaker 4 (12:58):
Mike, I think it's even easier than that from a
standpoint of kind of wetting your appetite, guys, in that
when we first put this together, what to do when
the loved one dies? Without exaggeration, and again, we do this,
We do this for a living. I would say of
our team, I would say seventy five percent seventy five
percent of the items on this checklist we would have
(13:21):
never thought of. We would have never thought of. I mean,
I wouldn't have thought of this.
Speaker 3 (13:24):
No, Dan, If if you're my executor, I pass away,
you have to go immediately to dmv oh and cancel
my driver's license.
Speaker 4 (13:34):
I wouldn't have known that.
Speaker 3 (13:35):
That's just the info that's flowing out there now. And
we talk about trying to avoid probate, right, and probate
is not a monster, right, It's not the end of
the world.
Speaker 4 (13:46):
It's just not fun.
Speaker 3 (13:47):
It's lazy, it's not fun. It's cost court costs, attorney costs,
forensic accounting costs, all that kind of stuff.
Speaker 4 (13:54):
Mike, let me ask you a question, guys. So let's
again in keeping it simple, okay, And we don't do
this enough. We don't do this enough, Mike. When we
talk about the pillars, okay, when we talk about four
out of the five pillars, okay, all include pillar five,
four of the five pillars, Mike, have what they have
built in a state.
Speaker 3 (14:10):
What planning built in your beneficiaries are listed built? Not
a probatable asset now, and again, probate's not a monster. No,
The problem is your financial information now, becomes what dan public.
Speaker 4 (14:26):
Mike, let me ask you a question, and people.
Speaker 3 (14:28):
Can grab information so easily today. You have to again,
I'm not worried if I forget to mention something in
my will big to do. It's what they're going to
find in the cracks. I don't want my information public.
Speaker 4 (14:44):
Hey, Mike, let me ask you a question. Do you
think the Federal Reserve is going to have to cut
interest strates? When? Do you you think?
Speaker 3 (14:52):
You ask me if or when or how much?
Speaker 4 (14:55):
Let me make this and we're just having a little
fun here, guys, because we can. Because we you guys know,
we educate. We talk about the pillars when markets pull back.
This is enjoyable for us. Okay, because this is when
we talk about again, if you're someone who's so inclined,
this is when we can talk about adding to your
pillar one, right, maybe your favorite stock if you have
(15:17):
absolutely we can talk about adding to your favorite equity. Right,
we can talk about that. We can talk about maybe
getting a little sassy and adding to the Nasdaq, utilizing
pillar four with fresh money, Mike, right, we can talk
we can talk about that. We can talk about Hey,
you've gotta you've got an rollover. Right, You've got a
four to one k that's just sitting around.
Speaker 3 (15:37):
And getting battered and bruised.
Speaker 4 (15:39):
And and and this, and you you're kind of you're
kind of wondering, Wait a minute, rates are coming down.
The Fed's going to be cutting rates even further. I'm
gonna need some guaranteed income at some point in time.
I listen to Mike and Dan and they're talking about
being able to take advantage of some of the highest
rates in multiple decades on guaranteed withdraw, guaranteed in guaranteed pension,
(16:00):
whatever you want to call it, guys, investments, This is
when we enjoy it. Mine.
Speaker 3 (16:04):
So I gotta tell you a story. Yeah, one of
my dear friends, I love them, I love them. An
he's sharp, but he treats his savings like a gambler. Okay, right,
he wants to buy the quantum computer stocks, don't I
don't even know what this stuff totally really is. And
he called me up the other day and he said, hey,
(16:25):
on Monday, when the market was getting absolutely battered, He goes,
were you pulling your hair out? Was your phone ringing
off the hook? He said, no, what do you mean?
I don't understand because I couldn't even get through to
my guy. I go to do what I just I
wanted to talk about what am I going to do now?
Because my stocks are getting killed? I go, no, it's
(16:46):
quiet here. The phone calls I got were hey, Mike,
refresh me again how much protection I have on my
money's And we have the conversation. They go, oh, thank you.
I feel much better now. Those are the conversations we have.
It's not hey, Dan, I think the momentum blah blah
(17:07):
blah blah stock. I think their quarterly calls can be
really good. Hang in there. That's blowney. Everyone stop listening
to that garbage.
Speaker 4 (17:14):
If you guys, if you guys missed, if you missed
our first segment, I would replay it. Would I would
get that and listen to it because again we got
a portfolio again. We have a little bit of fun
with this from time to time, and last week we
talked about the Undiscovered Manager's mutual fund that somehow, despite
being quote undiscovered in their title, they found their way
(17:36):
into two, not one model portfolios at two of the
largest banks on the face of the earth.
Speaker 3 (17:43):
Was it the multiple strategy profile three moderately aggressive fund.
Speaker 4 (17:46):
Stop Mike.
Speaker 3 (17:47):
Now, God, I'm reading a statement. I have it in
front of me. Hey, now here's my other question, Dan,
do you need in your blueberry portfolio this moderately aggressive
blah blah blah. Eight bond funds?
Speaker 4 (17:58):
No, we talk about this all the time.
Speaker 3 (18:00):
You need any bond fund?
Speaker 4 (18:01):
Here a pillar too. Now Here's here's the point, guys.
Is that What I wanted to point out too, is
that in this portfolio that Mike brought up, and Mike
brought to our attention again, this is one of the
model portfolios at a mother's ship, if you will, Okay,
the point. The point is this, in addition to thirty
(18:22):
five of your favorite mutual funds, Mike, is that taxable?
Is that table?
Speaker 3 (18:28):
This account is after tax monies, meaning last week they
received a tax bill a ten ninety nine from this bank.
They didn't make any money and they owe taxes.
Speaker 4 (18:44):
Yes see.
Speaker 3 (18:45):
And and people, here's here's what you can expect everyone
when you come in and chat with us and we
go over these things. Don't kill the messenger's right. People
get up, some saying why did they do this to me?
Speaker 4 (18:57):
It's important?
Speaker 3 (18:58):
Well, let's fix it. And it's fixable.
Speaker 4 (19:01):
And guys, it's it's that's and that's the thing too.
Clarity is just beautiful, right, I mean it's it's it's.
Speaker 3 (19:07):
This is the exact opposite, Dan, you know this. This
is smoke screen. This is to make you feel good.
Speaker 4 (19:12):
That's interesting language. I own.
Speaker 3 (19:13):
I own twenty eight different things. I should be okay, right,
I should be okay.
Speaker 4 (19:18):
Oh and we get that all the time. Isn't that better?
I got that question every color.
Speaker 3 (19:23):
Yeah, yeah, shouldn't I be okay?
Speaker 4 (19:25):
Yeah? Well, no, no, and no, well, because the fact
of the matter is, Mike, is that with one fund.
And oh, by the way, you can be aggressive growth
if you so choose. Okay, highly rated, not according to us,
according to the people that put the butterflies and the
stars and the moons on these sorts of things. I
(19:46):
can own one fund. I can have a guaranteed rate
of withdrawal, guaranteed pension income, whatever you want to call it,
coming to me. Okay, at some of the highest rates
that we've seen in two it's okay. I can own
one fund. And oh, by the way, if I don't
want to take those dollars that are guaranteed heed to me, right,
(20:11):
I can be tax defer to own one fund and
be aggressive growth. Is that possible, Mike?
Speaker 3 (20:15):
It's called you being in control. Oh, it's your money
rather than rather than this absolute blowney Dan, Do I
need a small cap value fund and a small cap
growth fund and a small cap GARP fund growth at
a reasonable broth? My blood pressure is going up? And
(20:37):
what's happening to people out there?
Speaker 4 (20:38):
I gotta be brutally honest. And if you think about it, Mike,
from a standpoint of what we believe in, right, educate,
know what you own and why you own it. Right.
I don't think you could perform a proper review with that,
could you? Unless you have three days?
Speaker 3 (20:50):
I don't because I would have to have Rob or
someone do a lot of research to figure out what
the NASDAT clean Edge smart Grittin's infrastructure fund. Now, I
mean this is just insulting.
Speaker 4 (20:59):
See that's yeah, that that's that's the point. Guys. So
again pillar four we talked about in the first part
of the show. We just did a little little chit
chat on pillar two making it super simple. Okay, we're
gonna keep building, guys, We're building building building. In the meantime, Www,
Dot Madison Managers dot Com. Grab your d O D
(21:20):
two point zero. They're free. Grab two, guys, Grab two. Okay,
use the textbox. It'll say ask a question, whatever it
happens to say. Right click on that. Let us know.
We'll get to the copies. They're freebies. We'll see you
right back.
Speaker 2 (21:35):
You are about to experience the planning for Prosperity Show
three two.
Speaker 4 (21:49):
Heavygain. This is the High Kings again, Rocky Road to double.
What do you think, Panjing director Michael Brown? We should
be drinking? Oh yeah, yeah, definitely like a lagger.
Speaker 3 (22:08):
I'm gonna I'm gonna blame mister producer for not bringing
some beer into that.
Speaker 4 (22:12):
DJ or or what is the other? What's the other? Irish?
The whiskey? Right, whiskeys?
Speaker 3 (22:16):
Whiskeys?
Speaker 4 (22:17):
Okay, whiskeys Okay either that.
Speaker 3 (22:19):
Either or well, well, I blame him.
Speaker 4 (22:21):
We'll blame mister producer. You blame him for everything? Why not? Guys?
The best way again? Big, thank you you guys. Absolutely
it was. It was a record set of last week.
Let's do it again. Let's smash last week. You guys
request it was the most most requested week ever and
it was across the board. But mainly do o D
version two point zeros, specifically what to do when a
(22:45):
loved one dies, which, again, everyone, I overlooked it for
too long. I overlooked that particular document for too long.
Simply put, I believe it is the most important document
for you for you to have in the d D
version two point zero. So again, if you don't have
your copy, if you need copies for others, whatever happens
(23:06):
today the easiest way, and it's all free. We ship
it for free www dot m A d I S
O N M A n A g E r s
dot com. Use the little tech what I call the
text boxes, the clickies. Okay, it'll say ask a question,
it will say I want to set my appointment. Just
click on those and then you let us know how
many DODS you want. I want to learn more about
(23:27):
Mike and Dan. They took up a pillar four in
the first like, what what the heck is that they
took up a pillar two in the second segment. I
want to learn about these. Let us get you the
information because as you know, we're at education shop, guys,
education shop.
Speaker 3 (23:40):
And we talk about in that d D when a
loved one dies, that paper when someone passes. Don't get
one death certificate, get a dozen, get a dozen certified
because no one's taking copies anymore. And it goes hand
in hand. If you have the d D in front
of you, flip three pages and you go to the
(24:01):
estate timeline.
Speaker 4 (24:01):
That's it.
Speaker 3 (24:02):
My best pale Chris, his mom passed away a year ago. Okay, unfortunately,
very unorganized. Unfortunately picked the wrong person to be the
executor of the estate who lacks communication tools. We're going
on a year, Dan, They're still finding things. They can't
close the estate. They're finding things that were in shoe boxes,
(24:25):
in the closet, in clothing because they were not organized.
If you are going to be the unfortunate one to
be an executor or executrics, get active now. We get
things organized now.
Speaker 4 (24:39):
And this comes back to shooting the messenger, right, Mike,
and I remember, we get a couple of nasties when
you first coined the term shoebox, you know, and you
didn't coin the term, but you called it that. We
got a couple of nasty grams and people say, oh, well,
I've got a shoebox. Okay, well, okay, if.
Speaker 3 (24:54):
The shoebox is well organized, and your executor knows where
the shoebox is and a D D two point zero
and you explain to them what's in the shoebox. Yeah,
go ahead, shoebox is great, and it's not my first choice.
Speaker 4 (25:07):
Right in the shoe boxes within safe haven, right a
fireproof saving and now where it is. Absolutely.
Speaker 3 (25:12):
I wonder how many people out there. I don't think
it's so much our generation, damn it, maybe our parents.
Safety deposit boxes become a big to do when someone
passes away, and it's all about identity theft, right, But
the bank's not trying to keep it from you. It's
just you are going to have to jump through hoops
to get into that safety deposit box. If you have one,
(25:35):
tell people where it is. Where's the key.
Speaker 4 (25:38):
Yeah, it's just organization. And we used to talk about that, Mike.
It's all about communication. It's organization. But here's the point, guys,
if your form of communication isn't necessarily verbal, right, if
you again, these things are tough to talk about.
Speaker 3 (25:51):
Oh, nobody likes to talk about immortality.
Speaker 4 (25:54):
Now here's the key. Hand your executor, hand your trustee
and your beneficiary hand them add two point.
Speaker 3 (26:01):
Out and let them ask where are the two twenty
five documents you said you were gonna get before you died?
We all where's your organization?
Speaker 4 (26:07):
Well done, Mike, And we've always said this, guys, And
just to reiterate, let us let us be the bridge,
throw us onto the bus.
Speaker 3 (26:15):
We all know it. Remember when you had younger kids,
everyone listening and he'd say, don't do this or you
shouldn't do that, and kids do it anyway. But if
a third party says that explains the exact same message,
it has a different resonance. Yeah, let us be the
third party because we don't have any skin in the game.
Speaker 4 (26:36):
Easy, guys, easy, easy, easy, And again just a reminder www.
Dot Madison Managers dot com use the taxbox. Let us
know we'll get you do D two point out and
it's got all of these goodies in there.
Speaker 3 (26:49):
And Dan, I'm sitting here looking at the estate timeline
that's in the DoD and right now it rings true.
I'm your executor, you passed away a few months ago.
I'm now responsible for getting the money to your heirs.
What if I was trying to be a hero and
I took some risk with your monies in the last
(27:10):
three months.
Speaker 4 (27:12):
This is an excellent point, Mike, because these types of
selloffs when your account goes down. Now you'll hear people
talk about volatility. I actually heard a talking head and
this is a little aside. I heard it talking ahead
this week saying, oh, the ten percent pullbacks normal. Yeah, well,
I kind of agree with you.
Speaker 3 (27:30):
One wants to hear that, But I mean, when my
money is worth least, I kind.
Speaker 4 (27:34):
Of agree with that. But there are varieties of pullbacks, right, Mike.
Sometimes a quote ten percent pullback in an average right
doesn't tell the story. Sometimes a five percent pullback doesn't
tell the story. Sometimes a thirty percent pullback doesn't tell
the story. But here's the story, Mike, and you just
(27:54):
nailed this. You just nailed this. What if to your point, Mike,
you money to work three months ago, six months ago, now,
whatever it happens to be, and you're living through this,
and something happened, right, something happened and as you say, Mike,
you go your loved ones look at the statement and
just thought I thought dad or mom had more money
than this.
Speaker 3 (28:15):
Or what if? What if? Dan, you're the executor I
pass away and you're going through the estate timeline. In
add and you realize that there are liabilities against the estate,
could be a mortgage, a credit card, an auto loan,
I mean, things that need to get paid off. But
you didn't take any action. And then the dollar in
(28:37):
the estate is worth eighty cents and now you have
to pay off those debts in the beneficiary club. What
are you You're personally liable for that.
Speaker 4 (28:45):
And here's the issue, guys. When we talk about again simplicity, right,
and we talk about again built in estate planning, we
don't talk enough. Mike. Again, this is one of those
blind spots where we don't talk enough about what true right,
true beneficiary planning is. This is this is what it's
(29:07):
all about, Mike.
Speaker 3 (29:08):
So let's keep going down because let's say again, you're
my executor. Yeah, I have Pillar three perfect, right, the best,
but I can't lose money as the executor. The minute
you have the death certificate in your hand, what do
you have to do? You have to go to pillar
three and tell them Mike's.
Speaker 4 (29:28):
Dead, yeah right.
Speaker 3 (29:29):
And what do they do? Yeah, they take immediate action,
yeah right, because they're not going to take the liability
absolutely of someone's estate suing them. Well, that's how you execute.
Speaker 4 (29:38):
It, and Mike, let's build right because we did, right
we we We talked about pillar four, We've talked about
pillar two, pillar three. To your point, Mike, and you
just said it best contractually, contractually if you hold a
until term right, very simply right, No different than a
bond of CD anything right except your go go market, right,
your go go mister market. Here's the point. You literally
(29:59):
contractually cannot suffer any losses even if you pass away.
Walstley portfolio is down twenty percent like many portfolios are.
Speaker 3 (30:08):
Right now, keep going again. You're the executor. Funeral home
gives you my death certificate, you turn around and immediately
give it to these asset managers. You've now done your job.
You no longer have the personal liability.
Speaker 4 (30:25):
Right, well done.
Speaker 3 (30:26):
You've executed your responsibilities in a timely fashion. You are
not going to get sued by an angry air.
Speaker 4 (30:33):
And here's the thing too, guys. This is all within
the estate planning timeline, which is also I'm reading from
right now. It's also in d D two point zero.
See again, guys, the estate planning timeline. Simply put, For
those that don't have this, I thought forever this was
the most important document in the it's gold. I think
(30:55):
it's the most important. However, it isn't the one to
grab first. And that's the mistake, Mike, that's the mistake
that I made. Where what to do when a loved
one dies? Within DoD YouTube point zero, that's what you
grab first.
Speaker 3 (31:09):
They're hand in hand that and then you flip the
page again. Mm hmm, Right, I have the dood right
in front of me. The most common executive mistakes. You're
the executive of my estate again, right, one of my
kids is in financial trouble. What are they gonna say,
Uncle Dan, I need money yesterday, I need the money
right now, and you're gonna say, well, I can't pay
(31:32):
out the funds until I'll show you these seven steps
are taken care of them that I'm gonna get to immediately.
Keep going. Now we're back in pillar three. Boom that
is executed immediately, immediately. It gets the beneficiaries the money
in days absolutely, not weeks or months, not in the
probate court, in days. To get you off the hook
(31:53):
from my kiddo who whatever has a financial issue, maybe
has a health.
Speaker 4 (31:57):
Issue, and again inoculated against loss. This is the key, guys, Dad,
put the one hundred thousand dollars into pillar three. Market
portfolio pulls back twenty percent. As you're told it's totally normal. Yes,
we agree, it totally is right. Death is totally normal too, Right,
Dad passes away you. You no longer have eighty thousand
(32:21):
dollars like your neighbor does. You have a hundred thousand
dollars as a member of the beneficiary club.
Speaker 3 (32:29):
So now you went from what a potential villain as
the executive right, not getting the money to me fast enough?
To the hero hero, You got me all the money, hero,
You got it to me quick.
Speaker 4 (32:40):
Guys.
Speaker 3 (32:40):
Again, I'm not in a courtroom.
Speaker 4 (32:42):
Here's the thing, guys, just let us educate, because it
truly is. Mike, does it get simpler than this? Does
it get no?
Speaker 3 (32:50):
One's if there's a simpler way, someone please tell me.
Speaker 4 (32:52):
No, no, no. And that's the thing, Like no one.
We're not talking about momentum factors on these airs. We're
not talking.
Speaker 3 (32:59):
About how well grid infrastructure, not.
Speaker 4 (33:01):
Talking about how well the Utility index held up last week.
We're not as useless, We're not we're not doing any
of that. We're talking about education. We're talking about a
free free do D two point zero. We're talking about
education on the pillars. Keep it simple, guys, let us
get this to you for free. It's www dot Madisonmanagers
(33:25):
dot com. Again use the tax box. Just click on
any of them and let us know how many copies
of D O D two point oh we can get you.
Let us know the pillars, what you want to learn
more about? If it's all of them, better yet, we'll
be right back.
Speaker 2 (33:42):
You are about to experience the planning for prosperity Show
three two.
Speaker 3 (33:51):
You got one, Hanelu is your favorite book?
Speaker 4 (33:56):
Michael? Happy? Sat Patty's Day? Everyone day at Yes, that's
the theme is Saint Patrick's Day once again. On the
high Kings. Who are these high kings? They're the King,
the King they are, they are obvious, they are the Kings.
I hope they don't have that portfolio the modern what
(34:16):
was it? The modern? Read this again, Michael, if you
really want just to start the show, we we we.
We were presented with a portfolio this week that was
entitled Michael, it has a name, the portfolios named Please.
Speaker 3 (34:30):
It's a multiple strategy account, Comma Profile three, Comma Moderately Aggressive.
Speaker 4 (34:38):
That's whatever that may mean, so you've been so so
the owner, if you will, the owner has been profiled
properly as a three.
Speaker 3 (34:48):
Apparently I don't know what that means. Every week, guys,
I know here's what it does mean. Dan, If you
have this account, you're the lucky owner of the NASDAQ
Clean Edge Market infrastr Extra Fund. Right, you're the proud,
proud or of the MSCI USA Momentum Factor Fund who
(35:08):
is making this stuff?
Speaker 4 (35:09):
Right? Mean? Meanwhile, if I talked to Mike and Dan,
if I talked to the team at Madison, what we
can also do is we could also be a member
of Pillar three and we could own simply put one
right one fund. It could hypothetically as many as not
a solicity to buy Cellar Hole, but hypothetically it could be,
depending on the minute, the largest hedge fund on the
face of the earth. Right, and if I choose to
(35:32):
hold it until term, okay, no different than a bond
CD whatever it happens to be, right, I am completely
inoculated against loss, right, and if it works out, I
keep every penny, no haircut. No haircutting, guys. And if
I pass away in a period of market turbulence such
as now, and I put one hundred thousand in and
maybe my hundred's worth eighty, right, my heirs get the
full hunter back, Mike, Can.
Speaker 3 (35:52):
I do that? The question is why wouldn't you?
Speaker 4 (35:55):
Well, because I want to be I want to chuse, yes,
I want to be profile three. So here I'm going
to profile three moderate growth, aggressive.
Speaker 3 (36:05):
The multiple strategy, multiple strategy, multiple multiple strategies. So my
question is with these folks and they're they're their dear friends.
And I said, why, uh, I don't understand other than
I don't understand this portfolio at all. I said, it's
in your name alone. Yes, Well, why isn't it in
(36:28):
the trust that I'm looking at as well? Well, it
should be. Well it's it's not right. It's in your name.
You haven't changed ownership to fund the trust.
Speaker 4 (36:41):
And that is where it's That's.
Speaker 3 (36:42):
Where my blood pressure goes through the roof. Right, you've
spent the time, the energy, and the money to have
this trust written for you. It's useless until you start
putting things in it. Even if you want to put
this garbage, this multiple strategy ba ba ba ba ba.
At least get in the trust and anything can be
retitled into the trust.
Speaker 4 (37:03):
Michael, I think and again this is a big tribute
to you guys. Again it's www dot Madisonmanagers dot com.
M A D I S O N M A N
A G E R s dot com. Guys, this is
a big tribute to you, guys, because again you make
this thing go. Okay, you make Madison Nation go. This
is why we're here, Okay. Simply put, you request education,
(37:27):
you come aboard the cruise ship. We believe we earn
a shot at your business. Notice what we said, we
believe we earn a shot at your business. Okay. The
point is this, guys, The point is says so many
of you when you come in to be educated, and
this this happens to all of us.
Speaker 3 (37:47):
Mind stop from it. Yeah, we're not here to browbeat people.
We're not coming in here and saying, Dan, why'd you
do this? Why did you do this? No? No, no, no,
it's let's fix. Let's get to a solution. I don't
want people to feel intimidated to come talk to us.
It's just the opposite.
Speaker 4 (38:04):
What do we talk about, Mike. We are an ideas shop,
a solution shop. So the point is, if you don't
want ideas, right, if you don't want ideas what we
believe it Again, we're allowed to have opinions, what we
believe our best and show ideas and we can show it. Okay,
we can show the math, right, as Mike says, we
can show the math. And you don't want solutions.
Speaker 3 (38:23):
That's okay, then stay at the big box.
Speaker 4 (38:26):
I was just going to say me, they stay.
Speaker 3 (38:28):
With the multiple strategy profile, moderately aggressive, port folutely. But Dan,
as we were going, I guess said this had so
many different tentacles to the story, talking about why didn't
we put this account in the trust, which we're going
to now. And they had a great question because I
have the DoD open and we're reading about funding and
trust and they said, well, should we put our iras
(38:48):
in a trust? No? No, no, no no. You already
have built in estate planning. You have beneficiaries named on
your retirement accounts, correct, I don't know, So let's fix
that too. And in my case, no longer the case.
But when my kids were young, when they were minors,
I had a trust as the beneficiary of my retirement accountant,
(39:12):
so the trustee could help them. Right, you don't have
to get exotic. It's actually much different. And I say
it all the time's elegance and simplicity. Let's make life simple.
Speaker 4 (39:23):
I have to bring something up, and I'm sorry I
waited till the end of the show to do this.
And you know what might get so interesting? I and again, Mary,
this is a shout out to you. Had a conversation
with you and I talked about a specific new client, okay,
and you know we were we were just chatting about education,
right And at the end of the day, no one
(39:43):
has done a worse job of educating and or marketing okay,
and or other items than the insurance industry. Okay, over
the years because forty years ago, okay, maybe longer whatever,
who knows. But when they we built out the annuity platform,
right that they built out Okay, it really wasn't applicable
(40:09):
and or shouldn't have been used for a lot of people. Okay,
what years are we talking?
Speaker 3 (40:13):
We're going because horrible things.
Speaker 4 (40:17):
Here's the point, Mike, here's the point. Now when we
talk about the pillars. When we talk about the pillars, technically, right,
technically four of the five pillars are forms of annuities.
They can be here's the but here's the point. Here's
the point to your point, Mike. Here's the point, Mike,
when I've literally turned an industry on its head and
(40:40):
developed superior, as you would say, mousetraps, Right, why don't
you rebrand rename these things? Because here's here's what I
got this past week, Mike. Here's what here, here's what
we got. Okay, we knew client, and again it's just education, right,
it's Education had a four to H three B account, right,
(41:03):
four or three BE account, which most if not all
of these accounts, most okay, if not all, are annuity vehicles. Okay, Right,
there are innuity vehicles. Okay. It could be tiare, whatever,
could be.
Speaker 3 (41:15):
Your hospital, if you're a teacher, hospital, nonprofit.
Speaker 4 (41:18):
All those whatever. Here's the point, guys, is that most
of the time you are in an annuity vehicle, whether
you know it or not. Okay. And you were taking
ready for this mic, and we talked about this, and
this is very interesting. You were taking the guaranteed, right,
the guaranteed income. The guaranteed would draw whatever you want
(41:41):
to call it off of your annuity. Okay, you didn't
necessarily know that's what it was, but that's what it was, right,
And we talked about it. We showed you the math, Mike,
the mass of the math. Guess what, as we've talked
about on these airs, if you again, if you had
one of these vehicles over the last circle fifteen years, right,
we probably have a guaranteed withdrawal rate, guaranteed pension income stream,
(42:03):
whatever you wan of roughly four and a half percent
right round there, right, roughly we'll wall bark.
Speaker 3 (42:07):
And that was just a function of the time.
Speaker 4 (42:09):
Here's the point, Mike. If hypothetically, hypothetically I can now, okay,
and again with balance, again, we have to look at
your balance, right, We have to look at your balance
and what you have, and you're guarantees, et cetera, et cetera.
But if I can move those money side to side,
right and doing nothing other than that, literally receive let's say, hypothetically,
(42:36):
seven percent, all else equal, guys, all else equal, right,
seven percent rather than four and a half percent, Michael,
As we always say, whether they call it chocolate cake,
variable annuity, toxic waste, old shoe, I don't care ever
it is, guys, whatever it is, Why would I not
do it? Michael? Is there a reason?
Speaker 3 (42:57):
And you know what my answer is? Because it's easier
to nothing.
Speaker 4 (43:00):
And also, I think what happens Mike is I think
when you see the term annuity, right.
Speaker 3 (43:09):
It still makes me cringe because it's just it's got
such a horrible undertone to it.
Speaker 4 (43:14):
That's the point, guys. But this comes back to what
we always say, know what you own and why you
own it. Okay, So if you're someone listening right now
and you're like, said, well, i've got a four three bay, right,
I've got a four to three bay what do you
mean four and a half percent guarantee when I can
have seven?
Speaker 3 (43:29):
And it used to be called MetLife and then it
was called bright House. It's called they're all rebranded.
Speaker 4 (43:35):
Rebrand, but they don't rebrand the pro correct. Yeah.
Speaker 3 (43:38):
Yeah, all they're doing is rebranding the brain.
Speaker 4 (43:40):
The name right, so you'll forget the name right. But
the point is, guys, The point is, guys, let us
kick the tires, let us show's out there compare.
Speaker 3 (43:49):
I mean, think about this, Dan, say you're at to
buy a new car, h you just walk onto the
lot that's closest to you and say give me the
blue one. You might do a little research even if
you again, who's got the best deal right now.
Speaker 4 (44:02):
Absolutely if you want the blue one, you want the
blue one. You want the swede seats, right, you want
the swede seats, you want the no stain sticky sprayed
on it? Right? You want that? You want the heated
steering wheel. Why would I not search for the best deal?
What would be the point?
Speaker 3 (44:20):
But here's here's the best part. We do the search.
Speaker 4 (44:25):
Just tell us, guys, I want Let's after after talking.
Speaker 3 (44:28):
To Dan and Mike, I realized I want the blue I'm.
Speaker 4 (44:30):
Gonna let's go see who again, guys. Ideas shop not
a solicitation to buy seller hold. But I'm going to
close with this. Okay, let's keep this really simple. Okay,
I have an opportunity to leg in right to NASDAC
right now, leg in right, nice little sellof, nice little pullback,
whatever you want to call it. Okay, I've wanted to
get in. I have some money on the sidelines. Right, Please, please,
(44:54):
please please get in touch with us at www dot
Madison Managers, because Michael Brown will take you through full
education on pillar four where you can be NASDAK. Right,
you could be NASDAC and if it doesn't work, put
some protection to the downside, have all the built in
(45:15):
estate plane that you can possibly have. And oh, by
the way, if it's taxable money, guess what, no more
ten ninety nine.
Speaker 3 (45:24):
Until you want what, you're not gonna be kissing that
blinding stone.
Speaker 4 (45:28):
Doesn't get simpler than that, Guys, Happy Saint Patti's Day.
Get in touch you guys. Blew us up last week.
We love it www dot Madison Managers dot com. Click
the textbox. Guys, we will see you in the office
and chit chet
Securities and investment advisory services offered through Osaic Wealth Inc.
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
liability for the use of the information discussed. Consult with
a qualified financial, legal, or tax professional before taking any action.
Any opinions expressed in this form are not the opinion
or view of Osaic Wealth 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
as a recommendation or solicitation. Investors must make their own
determination as to the appropriateness of an investment or strategy
based on their specific investment objectives financial status and risk tolerance.
Past performance is not an indication of future results. Investments
in vol of risk and the possible loss of principle.
Speaker 2 (01:04):
You are about to experience the planning for prosperity Show
three two.
Speaker 3 (01:19):
I I this is your group, Murphy is that it?
We're never gonna get it.
Speaker 4 (01:32):
Let me say the High Kings usual kids. It's Daniel Polanski,
Michael Brown, Managing Director, Michael Brown, Madison Wealth Managers, Wealth
Cruise Ships a w w W dot Madisonmanagers dot com.
(01:52):
I lead with that, Michael, because a big thank you
to all of you of Madison Nation. You guys crushed
us LA last week with requests for what to do
when a loved one dies.
Speaker 3 (02:04):
I have it right in front of me, and I
was shocked.
Speaker 4 (02:07):
I knew you guys.
Speaker 3 (02:08):
This is not new.
Speaker 4 (02:09):
Thank you guys. No, we've got to say thank you.
And listen. We know the timing isn't always right for you.
We get it. Listen.
Speaker 3 (02:16):
It takes a catalyst.
Speaker 4 (02:17):
It's it's the world, right, it's the world. It's what
we're living in, et cetera, et cetera. You have lives,
we have lives. We get it. You can't always reach out.
Speaker 3 (02:26):
We really don't have lives.
Speaker 4 (02:27):
I know we don't, but I will say this, guys,
I've got to say a big thank you. I think
it was a record setting week last week in terms
of requests, and it was across the board. But what
to do when a loved one dies? If again, if
you don't know what we're talking about, Okay, we make it.
Let's make it really simple. We're allowed to have opinions.
You want us to have opinions. In our opinion, it's
(02:48):
part of what we call our do D Version two
point zero. Simply put again, in our opinion, it is
our best estate planning work. Yet it is professionally bound.
It will literally last your lifetime. It is free. You
heard that correct. It is free. We ship it for free,
and we do believe that you will at least learn
(03:10):
something from scrolling through the pages. We can't make it
any simpler than that. And how you get it, How
you get it, guys. Again, I'll spell it out because
some people really like that. It's www. Dot m A
d I S O N M A n A g
E r s dot com. And when you get there,
whether it's your phone, your tablet, your computer, you'll see
(03:31):
a variety of textboxes. They'll say things like can I
ask a question? Make your appointment? That sort of thing.
Just click on it. Let us know you want d
D two point zero, you want what to do when
a loved one dies, you want information on the pillars,
which we're going to talk in depth about this week.
But that's what you're going to do when you click
(03:52):
on the textbox. So if you didn't grab your d
D version two point zero last week, again, it's free.
We ship it for free, and that makes Mikey really
really mad. So again, let's crush them this week. You
guys crushed them last week. In a big thank you
to all of you, Madison Wealth Managers Nation, I have
a surprise for you.
Speaker 3 (04:12):
Oh, because you're in good spirits today I'm gonna try
to change that. Oh because this past week a listener
brought in a statement to me. Now, if anyone listeningdiscovered
(04:34):
your statement, and it says you own the multiple strategy
Profile three moderate growth portfolio, cut it out. It's right
in front of it, right in front of me. Now,
you and I we think we're pretty smart guys, we're
not smart enough because what we should have done is
(04:55):
invented these insane funds that people's money is being put into.
Now let me let me, let me hold. I'm gonna
just dabble this out of you all day today. What
in the world would the Nasdaq Clean Edge Smart Grid
(05:16):
Infrastructure Fund be?
Speaker 4 (05:18):
Is that a razor Like a razor blade?
Speaker 3 (05:20):
The Nasdaq Clean Edge Smart Grid Infrastructure.
Speaker 4 (05:24):
Fund saw that at CVN.
Speaker 3 (05:25):
What are we doing here?
Speaker 4 (05:27):
No, I'm popping Mike. Okay, guys, let me let's let's
make this up up. I'm gonna team my cup because
I've got to cut them off rather than that. Let's
keep this super simple, guys, because again, it does not
have to be this way. Okay, let's do it this way.
And I've been thinking about this. I thought about it
as we were getting together this morning. Before we got together.
Mike likes the math. We're gonna keep this super simple.
(05:50):
You are someone who's been salivating over the Nasdaq pullback here, Okay,
you've been salivating the pullback in big tech. Okay, the
buyback kings, if you'd if you'd like to refer to
them as that, because they drive the NASDAK right, these
are the guys that can buy back oodles and oodles
of their own stock. Most of them now pay a dividend.
If you like dividends, right, you can put it on
(06:11):
reinvest keep it super simple.
Speaker 3 (06:12):
Wait, how's their balance sheet? Look?
Speaker 1 (06:15):
We?
Speaker 3 (06:15):
Okay?
Speaker 4 (06:15):
As all right, a pretty good more cleanly than the governments.
We'll put it that way. The federal government is in
a state government. Let's put it this way, guys. Let's
do the math. Okay, let's just be polite and say,
whether you want to look at the NDX, the Nasdaq
one hundred, whether you want to look at NASDAK. Let's
be polite and say, down fifteen percent from the highs, right, mathematically, Mike,
(06:37):
if you are someone who says, listen, this is all
gonna settle back out right, We're gonna go back to
where we were, right, We're gonna get back to those highs. Okay, mathematically, right, Mike,
If you're down fifteen percent, you have to move roughly
up twenty percent to get back to where you are,
just breaking mathematically. Okay, So I'm a believer. I'm a believer, Mike.
(06:57):
Can you do anything impler? Then? Talking to Mike Brown?
If you are one of these people, right, if you're
a believer. You're one of these people say Nasdaq's gonna
get back, We're gonna get back to previous highs, forgetting
new hives, just getting back to where you are, right,
we're talking about a twenty percent move. Is there anything
simpler than going to www dot Madison Managers dot com
(07:20):
having a conversation with Mike Brown on our team about
pillar four right, pillar four mic. Where I can be NASDAK.
I can be NASDAC if I'm right, meaning we get
back to where we're I'm a winner, right.
Speaker 3 (07:35):
I'm superware. I'll doing cartwheels, doing cartwheels.
Speaker 4 (07:38):
But if I'm wrong and there's more blood, not only
do I have protection to the downside, but but I
can have those dollars if we do go down rep
hatreated into my account into an even weaker market to
buy even more. Now Can I do that? Mike?
Speaker 3 (08:02):
You can? And I think the premise is I've heard
this once or twice before.
Speaker 4 (08:07):
Uh huh.
Speaker 3 (08:07):
I'd rather buy low and sell high, and that's what
we do. But if the market goes dowwn, everybody else
is battered and bruised. Yes, you get that principal back
and you're reinvesting while everyone else is in tears. That's
buying low.
Speaker 4 (08:24):
But what let me ask this again, Mike, I'm just
trying to keep this as simple as simple can be,
rather than the radiant.
Speaker 3 (08:32):
So you don't want the MSCIUSA Momentum Factor Fund. That's
a real thing. I'm reading these things.
Speaker 4 (08:39):
I just want to be able to place a phone call,
put my money to work, sign a docu sign and
have protection not only on my own account, right but
for my family should I pass away. And oh, by
the way, if it's after tax money, I can be.
Speaker 3 (08:56):
Tax deferred for as long as you want.
Speaker 4 (08:58):
Meaning No. Ten ninety nine in this tax season. You
know what we need to do or we can call
your face or do you want.
Speaker 3 (09:04):
The MSCI US A momentum factor fund and we can
tell whatever that is.
Speaker 4 (09:08):
And you know what, Mike, you can talk about that
for two hours into you're blue in the face.
Speaker 3 (09:12):
What about the just wait right at the US broker
dealer securities Exchange fund? Here head on that, Dan, Guys,
here's the This is real, really bad, but it's real.
Speaker 4 (09:24):
We call them pillars. Okay, we like to keep it
super simple. We believe again, in our opinion, not a
solicitation by a seller. Hold that these should support your
investment portfolio. Right, These should support and play a major
role in your investment portfolio. Pillar four is Michael Brown's
arguably favorite pillar. Okay, The point is this, guys, if
(09:47):
you would like to take advantage of this Nasdaq pull back, okay,
and you believe we will get back to previous levels,
I do. I do suggest you educate, right, because we
educate first, second, third, fourth, fifth here at Madison and
the easiest way to do it, guys. There's no super
(10:07):
rip edge fund.
Speaker 3 (10:09):
Your way, don't want.
Speaker 4 (10:11):
It's the www dot m A D I S O
N M A n A g E r s dot
com fund. Guys, click on that, go right there, right now.
Let us educate, guys, and again grab your d D
two point ohs. You guys were fabulous last week. Let's
keep it up. We'll see you right back.
Speaker 2 (10:33):
You are about to experience the planning for prosperity shows
three two.
Speaker 3 (10:43):
In Dublin.
Speaker 5 (10:46):
I guess this is a shout out to Brandon and
great clients, great fans of the show.
Speaker 4 (10:56):
Apparently, right? Is this why we're doing a tribute? Isn't
is Brendan's fab this weekend.
Speaker 3 (11:00):
Everyone's Irish.
Speaker 4 (11:02):
Yeah, but this is his favorite. Like here she listen
to this stuff like the Irish travel I would never
guess these are the Irish travelers. I would have thought
they were that one. I would have thought the Japanese travelers.
Excellent guys, happy have you? We can? I have been
such a mood this weekend, guys, for a variety of reason.
It's number one. You guys crushed it last week requesting
(11:24):
your D D two point ohers. Again, you found out
those of you are new. You found out they're free.
We shipped them for free. And again it's all about education. First, second, third,
fourth here at Madison, very very simple, okay, www dot
Madison Managers dot com. Again it's www dot m A
d I S O N M A n A g
(11:46):
E r s dot com. Use one of the textboxes.
They'll say things like can I ask a question, make
an appointment? That sort of thing. Just click on it.
Let us know you ont D O D two point ohs.
Speaker 3 (11:57):
Rob will get it out to you. You guys right direct.
Speaker 4 (12:00):
Hourrashed it last week again. Section again. If you miss
section one, which which I always refer to it section one.
This is section two. By the way, everyone did the show.
If you miss section one, we just teed it up. Guys. Again,
you know, we like to keep it very, very simple.
There's elegance in simplicity, and as you know, some of
the most complex planning, right, Mike again, is tied up
(12:23):
in the simplest outcomes. Right.
Speaker 3 (12:25):
And we talked about last segment that people were asking
for what to read when a loved one dies? What
do we do right? What's what's my next step? And
we talked about last week. It's not meeting with the
funeral home. It's not your normal things, right. What we're
trying to do is protect the deceased and the deceased
(12:48):
family members, the heirs from the fraudsters, the scammers, the
identity thieves, the people who are always one step ahead
of everyone else, the bad guys.
Speaker 4 (12:58):
Mike, I think it's even easier than that from a
standpoint of kind of wetting your appetite, guys, in that
when we first put this together, what to do when
the loved one dies? Without exaggeration, and again, we do this,
We do this for a living. I would say of
our team, I would say seventy five percent seventy five
percent of the items on this checklist we would have
(13:21):
never thought of. We would have never thought of. I mean,
I wouldn't have thought of this.
Speaker 3 (13:24):
No, Dan, If if you're my executor, I pass away,
you have to go immediately to dmv oh and cancel
my driver's license.
Speaker 4 (13:34):
I wouldn't have known that.
Speaker 3 (13:35):
That's just the info that's flowing out there now. And
we talk about trying to avoid probate, right, and probate
is not a monster, right, It's not the end of
the world.
Speaker 4 (13:46):
It's just not fun.
Speaker 3 (13:47):
It's lazy, it's not fun. It's cost court costs, attorney costs,
forensic accounting costs, all that kind of stuff.
Speaker 4 (13:54):
Mike, let me ask you a question, guys. So let's
again in keeping it simple, okay, And we don't do
this enough. We don't do this enough, Mike. When we
talk about the pillars, okay, when we talk about four
out of the five pillars, okay, all include pillar five,
four of the five pillars, Mike, have what they have
built in a state.
Speaker 3 (14:10):
What planning built in your beneficiaries are listed built? Not
a probatable asset now, and again, probate's not a monster. No,
The problem is your financial information now, becomes what dan public.
Speaker 4 (14:26):
Mike, let me ask you a question, and people.
Speaker 3 (14:28):
Can grab information so easily today. You have to again,
I'm not worried if I forget to mention something in
my will big to do. It's what they're going to
find in the cracks. I don't want my information public.
Speaker 4 (14:44):
Hey, Mike, let me ask you a question. Do you
think the Federal Reserve is going to have to cut
interest strates? When? Do you you think?
Speaker 3 (14:52):
You ask me if or when or how much?
Speaker 4 (14:55):
Let me make this and we're just having a little
fun here, guys, because we can. Because we you guys know,
we educate. We talk about the pillars when markets pull back.
This is enjoyable for us. Okay, because this is when
we talk about again, if you're someone who's so inclined,
this is when we can talk about adding to your
pillar one, right, maybe your favorite stock if you have
(15:17):
absolutely we can talk about adding to your favorite equity. Right,
we can talk about that. We can talk about maybe
getting a little sassy and adding to the Nasdaq, utilizing
pillar four with fresh money, Mike, right, we can talk
we can talk about that. We can talk about Hey,
you've gotta you've got an rollover. Right, You've got a
four to one k that's just sitting around.
Speaker 3 (15:37):
And getting battered and bruised.
Speaker 4 (15:39):
And and and this, and you you're kind of you're
kind of wondering, Wait a minute, rates are coming down.
The Fed's going to be cutting rates even further. I'm
gonna need some guaranteed income at some point in time.
I listen to Mike and Dan and they're talking about
being able to take advantage of some of the highest
rates in multiple decades on guaranteed withdraw, guaranteed in guaranteed pension,
(16:00):
whatever you want to call it, guys, investments, This is
when we enjoy it. Mine.
Speaker 3 (16:04):
So I gotta tell you a story. Yeah, one of
my dear friends, I love them, I love them. An
he's sharp, but he treats his savings like a gambler. Okay, right,
he wants to buy the quantum computer stocks, don't I
don't even know what this stuff totally really is. And
he called me up the other day and he said, hey,
(16:25):
on Monday, when the market was getting absolutely battered, He goes,
were you pulling your hair out? Was your phone ringing
off the hook? He said, no, what do you mean?
I don't understand because I couldn't even get through to
my guy. I go to do what I just I
wanted to talk about what am I going to do now?
Because my stocks are getting killed? I go, no, it's
(16:46):
quiet here. The phone calls I got were hey, Mike,
refresh me again how much protection I have on my
money's And we have the conversation. They go, oh, thank you.
I feel much better now. Those are the conversations we have.
It's not hey, Dan, I think the momentum blah blah
(17:07):
blah blah stock. I think their quarterly calls can be
really good. Hang in there. That's blowney. Everyone stop listening
to that garbage.
Speaker 4 (17:14):
If you guys, if you guys missed, if you missed
our first segment, I would replay it. Would I would
get that and listen to it because again we got
a portfolio again. We have a little bit of fun
with this from time to time, and last week we
talked about the Undiscovered Manager's mutual fund that somehow, despite
being quote undiscovered in their title, they found their way
(17:36):
into two, not one model portfolios at two of the
largest banks on the face of the earth.
Speaker 3 (17:43):
Was it the multiple strategy profile three moderately aggressive fund.
Speaker 4 (17:46):
Stop Mike.
Speaker 3 (17:47):
Now, God, I'm reading a statement. I have it in
front of me. Hey, now here's my other question, Dan,
do you need in your blueberry portfolio this moderately aggressive
blah blah blah. Eight bond funds?
Speaker 4 (17:58):
No, we talk about this all the time.
Speaker 3 (18:00):
You need any bond fund?
Speaker 4 (18:01):
Here a pillar too. Now Here's here's the point, guys.
Is that What I wanted to point out too, is
that in this portfolio that Mike brought up, and Mike
brought to our attention again, this is one of the
model portfolios at a mother's ship, if you will, Okay,
the point. The point is this, in addition to thirty
(18:22):
five of your favorite mutual funds, Mike, is that taxable?
Is that table?
Speaker 3 (18:28):
This account is after tax monies, meaning last week they
received a tax bill a ten ninety nine from this bank.
They didn't make any money and they owe taxes.
Speaker 4 (18:44):
Yes see.
Speaker 3 (18:45):
And and people, here's here's what you can expect everyone
when you come in and chat with us and we
go over these things. Don't kill the messenger's right. People
get up, some saying why did they do this to me?
Speaker 4 (18:57):
It's important?
Speaker 3 (18:58):
Well, let's fix it. And it's fixable.
Speaker 4 (19:01):
And guys, it's it's that's and that's the thing too.
Clarity is just beautiful, right, I mean it's it's it's.
Speaker 3 (19:07):
This is the exact opposite, Dan, you know this. This
is smoke screen. This is to make you feel good.
Speaker 4 (19:12):
That's interesting language. I own.
Speaker 3 (19:13):
I own twenty eight different things. I should be okay, right,
I should be okay.
Speaker 4 (19:18):
Oh and we get that all the time. Isn't that better?
I got that question every color.
Speaker 3 (19:23):
Yeah, yeah, shouldn't I be okay?
Speaker 4 (19:25):
Yeah? Well, no, no, and no, well, because the fact
of the matter is, Mike, is that with one fund.
And oh, by the way, you can be aggressive growth
if you so choose. Okay, highly rated, not according to us,
according to the people that put the butterflies and the
stars and the moons on these sorts of things. I
(19:46):
can own one fund. I can have a guaranteed rate
of withdrawal, guaranteed pension income, whatever you want to call it,
coming to me. Okay, at some of the highest rates
that we've seen in two it's okay. I can own
one fund. And oh, by the way, if I don't
want to take those dollars that are guaranteed heed to me, right,
(20:11):
I can be tax defer to own one fund and
be aggressive growth. Is that possible, Mike?
Speaker 3 (20:15):
It's called you being in control. Oh, it's your money
rather than rather than this absolute blowney Dan, Do I
need a small cap value fund and a small cap
growth fund and a small cap GARP fund growth at
a reasonable broth? My blood pressure is going up? And
(20:37):
what's happening to people out there?
Speaker 4 (20:38):
I gotta be brutally honest. And if you think about it, Mike,
from a standpoint of what we believe in, right, educate,
know what you own and why you own it. Right.
I don't think you could perform a proper review with that,
could you? Unless you have three days?
Speaker 3 (20:50):
I don't because I would have to have Rob or
someone do a lot of research to figure out what
the NASDAT clean Edge smart Grittin's infrastructure fund. Now, I
mean this is just insulting.
Speaker 4 (20:59):
See that's yeah, that that's that's the point. Guys. So
again pillar four we talked about in the first part
of the show. We just did a little little chit
chat on pillar two making it super simple. Okay, we're
gonna keep building, guys, We're building building building. In the meantime, Www,
Dot Madison Managers dot Com. Grab your d O D
(21:20):
two point zero. They're free. Grab two, guys, Grab two. Okay,
use the textbox. It'll say ask a question, whatever it
happens to say. Right click on that. Let us know.
We'll get to the copies. They're freebies. We'll see you
right back.
Speaker 2 (21:35):
You are about to experience the planning for Prosperity Show
three two.
Speaker 4 (21:49):
Heavygain. This is the High Kings again, Rocky Road to double.
What do you think, Panjing director Michael Brown? We should
be drinking? Oh yeah, yeah, definitely like a lagger.
Speaker 3 (22:08):
I'm gonna I'm gonna blame mister producer for not bringing
some beer into that.
Speaker 4 (22:12):
DJ or or what is the other? What's the other? Irish?
The whiskey? Right, whiskeys?
Speaker 3 (22:16):
Whiskeys?
Speaker 4 (22:17):
Okay, whiskeys Okay either that.
Speaker 3 (22:19):
Either or well, well, I blame him.
Speaker 4 (22:21):
We'll blame mister producer. You blame him for everything? Why not? Guys?
The best way again? Big, thank you you guys. Absolutely
it was. It was a record set of last week.
Let's do it again. Let's smash last week. You guys
request it was the most most requested week ever and
it was across the board. But mainly do o D
version two point zeros, specifically what to do when a
(22:45):
loved one dies, which, again, everyone, I overlooked it for
too long. I overlooked that particular document for too long.
Simply put, I believe it is the most important document
for you for you to have in the d D
version two point zero. So again, if you don't have
your copy, if you need copies for others, whatever happens
(23:06):
today the easiest way, and it's all free. We ship
it for free www dot m A d I S
O N M A n A g E r s
dot com. Use the little tech what I call the
text boxes, the clickies. Okay, it'll say ask a question,
it will say I want to set my appointment. Just
click on those and then you let us know how
many DODS you want. I want to learn more about
(23:27):
Mike and Dan. They took up a pillar four in
the first like, what what the heck is that they
took up a pillar two in the second segment. I
want to learn about these. Let us get you the
information because as you know, we're at education shop, guys,
education shop.
Speaker 3 (23:40):
And we talk about in that d D when a
loved one dies, that paper when someone passes. Don't get
one death certificate, get a dozen, get a dozen certified
because no one's taking copies anymore. And it goes hand
in hand. If you have the d D in front
of you, flip three pages and you go to the
(24:01):
estate timeline.
Speaker 4 (24:01):
That's it.
Speaker 3 (24:02):
My best pale Chris, his mom passed away a year ago. Okay, unfortunately,
very unorganized. Unfortunately picked the wrong person to be the
executor of the estate who lacks communication tools. We're going
on a year, Dan, They're still finding things. They can't
close the estate. They're finding things that were in shoe boxes,
(24:25):
in the closet, in clothing because they were not organized.
If you are going to be the unfortunate one to
be an executor or executrics, get active now. We get
things organized now.
Speaker 4 (24:39):
And this comes back to shooting the messenger, right, Mike,
and I remember, we get a couple of nasties when
you first coined the term shoebox, you know, and you
didn't coin the term, but you called it that. We
got a couple of nasty grams and people say, oh, well,
I've got a shoebox. Okay, well, okay, if.
Speaker 3 (24:54):
The shoebox is well organized, and your executor knows where
the shoebox is and a D D two point zero
and you explain to them what's in the shoebox. Yeah,
go ahead, shoebox is great, and it's not my first choice.
Speaker 4 (25:07):
Right in the shoe boxes within safe haven, right a
fireproof saving and now where it is. Absolutely.
Speaker 3 (25:12):
I wonder how many people out there. I don't think
it's so much our generation, damn it, maybe our parents.
Safety deposit boxes become a big to do when someone
passes away, and it's all about identity theft, right, But
the bank's not trying to keep it from you. It's
just you are going to have to jump through hoops
to get into that safety deposit box. If you have one,
(25:35):
tell people where it is. Where's the key.
Speaker 4 (25:38):
Yeah, it's just organization. And we used to talk about that, Mike.
It's all about communication. It's organization. But here's the point, guys,
if your form of communication isn't necessarily verbal, right, if
you again, these things are tough to talk about.
Speaker 3 (25:51):
Oh, nobody likes to talk about immortality.
Speaker 4 (25:54):
Now here's the key. Hand your executor, hand your trustee
and your beneficiary hand them add two point.
Speaker 3 (26:01):
Out and let them ask where are the two twenty
five documents you said you were gonna get before you died?
We all where's your organization?
Speaker 4 (26:07):
Well done, Mike, And we've always said this, guys, And
just to reiterate, let us let us be the bridge,
throw us onto the bus.
Speaker 3 (26:15):
We all know it. Remember when you had younger kids,
everyone listening and he'd say, don't do this or you
shouldn't do that, and kids do it anyway. But if
a third party says that explains the exact same message,
it has a different resonance. Yeah, let us be the
third party because we don't have any skin in the game.
Speaker 4 (26:36):
Easy, guys, easy, easy, easy, And again just a reminder www.
Dot Madison Managers dot com use the taxbox. Let us
know we'll get you do D two point out and
it's got all of these goodies in there.
Speaker 3 (26:49):
And Dan, I'm sitting here looking at the estate timeline
that's in the DoD and right now it rings true.
I'm your executor, you passed away a few months ago.
I'm now responsible for getting the money to your heirs.
What if I was trying to be a hero and
I took some risk with your monies in the last
(27:10):
three months.
Speaker 4 (27:12):
This is an excellent point, Mike, because these types of
selloffs when your account goes down. Now you'll hear people
talk about volatility. I actually heard a talking head and
this is a little aside. I heard it talking ahead
this week saying, oh, the ten percent pullbacks normal. Yeah, well,
I kind of agree with you.
Speaker 3 (27:30):
One wants to hear that, But I mean, when my
money is worth least, I kind.
Speaker 4 (27:34):
Of agree with that. But there are varieties of pullbacks, right, Mike.
Sometimes a quote ten percent pullback in an average right
doesn't tell the story. Sometimes a five percent pullback doesn't
tell the story. Sometimes a thirty percent pullback doesn't tell
the story. But here's the story, Mike, and you just
(27:54):
nailed this. You just nailed this. What if to your point, Mike,
you money to work three months ago, six months ago, now,
whatever it happens to be, and you're living through this,
and something happened, right, something happened and as you say, Mike,
you go your loved ones look at the statement and
just thought I thought dad or mom had more money
than this.
Speaker 3 (28:15):
Or what if? What if? Dan, you're the executor I
pass away and you're going through the estate timeline. In
add and you realize that there are liabilities against the estate,
could be a mortgage, a credit card, an auto loan,
I mean, things that need to get paid off. But
you didn't take any action. And then the dollar in
(28:37):
the estate is worth eighty cents and now you have
to pay off those debts in the beneficiary club. What
are you You're personally liable for that.
Speaker 4 (28:45):
And here's the issue, guys. When we talk about again simplicity, right,
and we talk about again built in estate planning, we
don't talk enough. Mike. Again, this is one of those
blind spots where we don't talk enough about what true right,
true beneficiary planning is. This is this is what it's
(29:07):
all about, Mike.
Speaker 3 (29:08):
So let's keep going down because let's say again, you're
my executor. Yeah, I have Pillar three perfect, right, the best,
but I can't lose money as the executor. The minute
you have the death certificate in your hand, what do
you have to do? You have to go to pillar
three and tell them Mike's.
Speaker 4 (29:28):
Dead, yeah right.
Speaker 3 (29:29):
And what do they do? Yeah, they take immediate action,
yeah right, because they're not going to take the liability
absolutely of someone's estate suing them. Well, that's how you execute.
Speaker 4 (29:38):
It, and Mike, let's build right because we did, right
we we We talked about pillar four, We've talked about
pillar two, pillar three. To your point, Mike, and you
just said it best contractually, contractually if you hold a
until term right, very simply right, No different than a
bond of CD anything right except your go go market, right,
your go go mister market. Here's the point. You literally
(29:59):
contractually cannot suffer any losses even if you pass away.
Walstley portfolio is down twenty percent like many portfolios are.
Speaker 3 (30:08):
Right now, keep going again. You're the executor. Funeral home
gives you my death certificate, you turn around and immediately
give it to these asset managers. You've now done your job.
You no longer have the personal liability.
Speaker 4 (30:25):
Right, well done.
Speaker 3 (30:26):
You've executed your responsibilities in a timely fashion. You are
not going to get sued by an angry air.
Speaker 4 (30:33):
And here's the thing too, guys. This is all within
the estate planning timeline, which is also I'm reading from
right now. It's also in d D two point zero.
See again, guys, the estate planning timeline. Simply put, For
those that don't have this, I thought forever this was
the most important document in the it's gold. I think
(30:55):
it's the most important. However, it isn't the one to
grab first. And that's the mistake, Mike, that's the mistake
that I made. Where what to do when a loved
one dies? Within DoD YouTube point zero, that's what you
grab first.
Speaker 3 (31:09):
They're hand in hand that and then you flip the
page again. Mm hmm, Right, I have the dood right
in front of me. The most common executive mistakes. You're
the executive of my estate again, right, one of my
kids is in financial trouble. What are they gonna say,
Uncle Dan, I need money yesterday, I need the money
right now, and you're gonna say, well, I can't pay
(31:32):
out the funds until I'll show you these seven steps
are taken care of them that I'm gonna get to immediately.
Keep going. Now we're back in pillar three. Boom that
is executed immediately, immediately. It gets the beneficiaries the money
in days absolutely, not weeks or months, not in the
probate court, in days. To get you off the hook
(31:53):
from my kiddo who whatever has a financial issue, maybe
has a health.
Speaker 4 (31:57):
Issue, and again inoculated against loss. This is the key, guys, Dad,
put the one hundred thousand dollars into pillar three. Market
portfolio pulls back twenty percent. As you're told it's totally normal. Yes,
we agree, it totally is right. Death is totally normal too, Right,
Dad passes away you. You no longer have eighty thousand
(32:21):
dollars like your neighbor does. You have a hundred thousand
dollars as a member of the beneficiary club.
Speaker 3 (32:29):
So now you went from what a potential villain as
the executive right, not getting the money to me fast enough?
To the hero hero, You got me all the money, hero,
You got it to me quick.
Speaker 4 (32:40):
Guys.
Speaker 3 (32:40):
Again, I'm not in a courtroom.
Speaker 4 (32:42):
Here's the thing, guys, just let us educate, because it
truly is. Mike, does it get simpler than this? Does
it get no?
Speaker 3 (32:50):
One's if there's a simpler way, someone please tell me.
Speaker 4 (32:52):
No, no, no. And that's the thing, Like no one.
We're not talking about momentum factors on these airs. We're
not talking.
Speaker 3 (32:59):
About how well grid infrastructure, not.
Speaker 4 (33:01):
Talking about how well the Utility index held up last week.
We're not as useless, We're not we're not doing any
of that. We're talking about education. We're talking about a
free free do D two point zero. We're talking about
education on the pillars. Keep it simple, guys, let us
get this to you for free. It's www dot Madisonmanagers
(33:25):
dot com. Again use the tax box. Just click on
any of them and let us know how many copies
of D O D two point oh we can get you.
Let us know the pillars, what you want to learn
more about? If it's all of them, better yet, we'll
be right back.
Speaker 2 (33:42):
You are about to experience the planning for prosperity Show
three two.
Speaker 3 (33:51):
You got one, Hanelu is your favorite book?
Speaker 4 (33:56):
Michael? Happy? Sat Patty's Day? Everyone day at Yes, that's
the theme is Saint Patrick's Day once again. On the
high Kings. Who are these high kings? They're the King,
the King they are, they are obvious, they are the Kings.
I hope they don't have that portfolio the modern what
(34:16):
was it? The modern? Read this again, Michael, if you
really want just to start the show, we we we.
We were presented with a portfolio this week that was
entitled Michael, it has a name, the portfolios named Please.
Speaker 3 (34:30):
It's a multiple strategy account, Comma Profile three, Comma Moderately Aggressive.
Speaker 4 (34:38):
That's whatever that may mean, so you've been so so
the owner, if you will, the owner has been profiled
properly as a three.
Speaker 3 (34:48):
Apparently I don't know what that means. Every week, guys,
I know here's what it does mean. Dan, If you
have this account, you're the lucky owner of the NASDAQ
Clean Edge Market infrastr Extra Fund. Right, you're the proud,
proud or of the MSCI USA Momentum Factor Fund who
(35:08):
is making this stuff?
Speaker 4 (35:09):
Right? Mean? Meanwhile, if I talked to Mike and Dan,
if I talked to the team at Madison, what we
can also do is we could also be a member
of Pillar three and we could own simply put one
right one fund. It could hypothetically as many as not
a solicity to buy Cellar Hole, but hypothetically it could be,
depending on the minute, the largest hedge fund on the
face of the earth. Right, and if I choose to
(35:32):
hold it until term, okay, no different than a bond
CD whatever it happens to be, right, I am completely
inoculated against loss, right, and if it works out, I
keep every penny, no haircut. No haircutting, guys. And if
I pass away in a period of market turbulence such
as now, and I put one hundred thousand in and
maybe my hundred's worth eighty, right, my heirs get the
full hunter back, Mike, Can.
Speaker 3 (35:52):
I do that? The question is why wouldn't you?
Speaker 4 (35:55):
Well, because I want to be I want to chuse, yes,
I want to be profile three. So here I'm going
to profile three moderate growth, aggressive.
Speaker 3 (36:05):
The multiple strategy, multiple strategy, multiple multiple strategies. So my
question is with these folks and they're they're their dear friends.
And I said, why, uh, I don't understand other than
I don't understand this portfolio at all. I said, it's
in your name alone. Yes, Well, why isn't it in
(36:28):
the trust that I'm looking at as well? Well, it
should be. Well it's it's not right. It's in your name.
You haven't changed ownership to fund the trust.
Speaker 4 (36:41):
And that is where it's That's.
Speaker 3 (36:42):
Where my blood pressure goes through the roof. Right, you've
spent the time, the energy, and the money to have
this trust written for you. It's useless until you start
putting things in it. Even if you want to put
this garbage, this multiple strategy ba ba ba ba ba.
At least get in the trust and anything can be
retitled into the trust.
Speaker 4 (37:03):
Michael, I think and again this is a big tribute
to you guys. Again it's www dot Madisonmanagers dot com.
M A D I S O N M A N
A G E R s dot com. Guys, this is
a big tribute to you, guys, because again you make
this thing go. Okay, you make Madison Nation go. This
is why we're here, Okay. Simply put, you request education,
(37:27):
you come aboard the cruise ship. We believe we earn
a shot at your business. Notice what we said, we
believe we earn a shot at your business. Okay. The
point is this, guys, The point is says so many
of you when you come in to be educated, and
this this happens to all of us.
Speaker 3 (37:47):
Mind stop from it. Yeah, we're not here to browbeat people.
We're not coming in here and saying, Dan, why'd you
do this? Why did you do this? No? No, no, no,
it's let's fix. Let's get to a solution. I don't
want people to feel intimidated to come talk to us.
It's just the opposite.
Speaker 4 (38:04):
What do we talk about, Mike. We are an ideas shop,
a solution shop. So the point is, if you don't
want ideas, right, if you don't want ideas what we
believe it Again, we're allowed to have opinions, what we
believe our best and show ideas and we can show it. Okay,
we can show the math, right, as Mike says, we
can show the math. And you don't want solutions.
Speaker 3 (38:23):
That's okay, then stay at the big box.
Speaker 4 (38:26):
I was just going to say me, they stay.
Speaker 3 (38:28):
With the multiple strategy profile, moderately aggressive, port folutely. But Dan,
as we were going, I guess said this had so
many different tentacles to the story, talking about why didn't
we put this account in the trust, which we're going
to now. And they had a great question because I
have the DoD open and we're reading about funding and
trust and they said, well, should we put our iras
(38:48):
in a trust? No? No, no, no no. You already
have built in estate planning. You have beneficiaries named on
your retirement accounts, correct, I don't know, So let's fix
that too. And in my case, no longer the case.
But when my kids were young, when they were minors,
I had a trust as the beneficiary of my retirement accountant,
(39:12):
so the trustee could help them. Right, you don't have
to get exotic. It's actually much different. And I say
it all the time's elegance and simplicity. Let's make life simple.
Speaker 4 (39:23):
I have to bring something up, and I'm sorry I
waited till the end of the show to do this.
And you know what might get so interesting? I and again, Mary,
this is a shout out to you. Had a conversation
with you and I talked about a specific new client, okay,
and you know we were we were just chatting about education,
right And at the end of the day, no one
(39:43):
has done a worse job of educating and or marketing okay,
and or other items than the insurance industry. Okay, over
the years because forty years ago, okay, maybe longer whatever,
who knows. But when they we built out the annuity platform,
right that they built out Okay, it really wasn't applicable
(40:09):
and or shouldn't have been used for a lot of people. Okay,
what years are we talking?
Speaker 3 (40:13):
We're going because horrible things.
Speaker 4 (40:17):
Here's the point, Mike, here's the point. Now when we
talk about the pillars. When we talk about the pillars, technically, right,
technically four of the five pillars are forms of annuities.
They can be here's the but here's the point. Here's
the point to your point, Mike. Here's the point, Mike,
when I've literally turned an industry on its head and
(40:40):
developed superior, as you would say, mousetraps, Right, why don't
you rebrand rename these things? Because here's here's what I
got this past week, Mike. Here's what here, here's what
we got. Okay, we knew client, and again it's just education, right,
it's Education had a four to H three B account, right,
(41:03):
four or three BE account, which most if not all
of these accounts, most okay, if not all, are annuity vehicles. Okay, Right,
there are innuity vehicles. Okay. It could be tiare, whatever,
could be.
Speaker 3 (41:15):
Your hospital, if you're a teacher, hospital, nonprofit.
Speaker 4 (41:18):
All those whatever. Here's the point, guys, is that most
of the time you are in an annuity vehicle, whether
you know it or not. Okay. And you were taking
ready for this mic, and we talked about this, and
this is very interesting. You were taking the guaranteed, right,
the guaranteed income. The guaranteed would draw whatever you want
(41:41):
to call it off of your annuity. Okay, you didn't
necessarily know that's what it was, but that's what it was, right,
And we talked about it. We showed you the math, Mike,
the mass of the math. Guess what, as we've talked
about on these airs, if you again, if you had
one of these vehicles over the last circle fifteen years, right,
we probably have a guaranteed withdrawal rate, guaranteed pension income stream,
(42:03):
whatever you wan of roughly four and a half percent
right round there, right, roughly we'll wall bark.
Speaker 3 (42:07):
And that was just a function of the time.
Speaker 4 (42:09):
Here's the point, Mike. If hypothetically, hypothetically I can now, okay,
and again with balance, again, we have to look at
your balance, right, We have to look at your balance
and what you have, and you're guarantees, et cetera, et cetera.
But if I can move those money side to side,
right and doing nothing other than that, literally receive let's say, hypothetically,
(42:36):
seven percent, all else equal, guys, all else equal, right,
seven percent rather than four and a half percent, Michael,
As we always say, whether they call it chocolate cake,
variable annuity, toxic waste, old shoe, I don't care ever
it is, guys, whatever it is, Why would I not
do it? Michael? Is there a reason?
Speaker 3 (42:57):
And you know what my answer is? Because it's easier
to nothing.
Speaker 4 (43:00):
And also, I think what happens Mike is I think
when you see the term annuity, right.
Speaker 3 (43:09):
It still makes me cringe because it's just it's got
such a horrible undertone to it.
Speaker 4 (43:14):
That's the point, guys. But this comes back to what
we always say, know what you own and why you
own it. Okay, So if you're someone listening right now
and you're like, said, well, i've got a four three bay, right,
I've got a four to three bay what do you
mean four and a half percent guarantee when I can
have seven?
Speaker 3 (43:29):
And it used to be called MetLife and then it
was called bright House. It's called they're all rebranded.
Speaker 4 (43:35):
Rebrand, but they don't rebrand the pro correct. Yeah.
Speaker 3 (43:38):
Yeah, all they're doing is rebranding the brain.
Speaker 4 (43:40):
The name right, so you'll forget the name right. But
the point is, guys, The point is, guys, let us
kick the tires, let us show's out there compare.
Speaker 3 (43:49):
I mean, think about this, Dan, say you're at to
buy a new car, h you just walk onto the
lot that's closest to you and say give me the
blue one. You might do a little research even if
you again, who's got the best deal right now.
Speaker 4 (44:02):
Absolutely if you want the blue one, you want the
blue one. You want the swede seats, right, you want
the swede seats, you want the no stain sticky sprayed
on it? Right? You want that? You want the heated
steering wheel. Why would I not search for the best deal?
What would be the point?
Speaker 3 (44:20):
But here's here's the best part. We do the search.
Speaker 4 (44:25):
Just tell us, guys, I want Let's after after talking.
Speaker 3 (44:28):
To Dan and Mike, I realized I want the blue I'm.
Speaker 4 (44:30):
Gonna let's go see who again, guys. Ideas shop not
a solicitation to buy seller hold. But I'm going to
close with this. Okay, let's keep this really simple. Okay,
I have an opportunity to leg in right to NASDAC
right now, leg in right, nice little sellof, nice little pullback,
whatever you want to call it. Okay, I've wanted to
get in. I have some money on the sidelines. Right, Please, please,
(44:54):
please please get in touch with us at www dot
Madison Managers, because Michael Brown will take you through full
education on pillar four where you can be NASDAK. Right,
you could be NASDAC and if it doesn't work, put
some protection to the downside, have all the built in
(45:15):
estate plane that you can possibly have. And oh, by
the way, if it's taxable money, guess what, no more
ten ninety nine.
Speaker 3 (45:24):
Until you want what, you're not gonna be kissing that
blinding stone.
Speaker 4 (45:28):
Doesn't get simpler than that, Guys, Happy Saint Patti's Day.
Get in touch you guys. Blew us up last week.
We love it www dot Madison Managers dot com. Click
the textbox. Guys, we will see you in the office
and chit chet
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