Madison Wealth 4-27-25

April 27th, 2025

Episode Transcript

Speaker 1 (00:00):
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.

Speaker 3 (01:07):
Show three t H Who is this though? Happy weekend?
Everyone playing? I like it? I should know that. No,

(01:30):
it's something that's like a Dido type. Yeah, yeah, you
probably should have known that, Mike Brownd That's a very
interesting choice because.

Speaker 4 (01:40):
Of all the times I told you I'm a big
fan of Emma.

Speaker 3 (01:43):
Yes, uh yes and no idea what that? Yes? Indeed,
welcome everyone, here we go. Welcome everyone.

Speaker 4 (01:51):
It's gonna be a sassy day, isn't it. It's sure.

Speaker 3 (01:54):
It's sure as heck, Sure as heck is yes, yes
right now.

Speaker 4 (01:58):
Daniel is eyeballing producer and I sense evil.

Speaker 3 (02:03):
No, there's nothing listen, I listen danger. I know nothing
but what I will say, guys, juice as I as
I choked to death on the on these air. Sorry
about this guy. Yeah, it's my it's my beautiful diet coke. Guys,
is you guys that way? Please? And thank you to
the core. We've got to say thank you around all

(02:23):
of your www dot Madison Managers dot com requests. So
thank you, d O D.

Speaker 4 (02:32):
I don't like to say this, but I will say
thank you as well.

Speaker 5 (02:37):
Yeah, but that it hurts me to say that. Okay,
but I did it hurts you.

Speaker 4 (02:43):
I don't. I don't like being nice, okay.

Speaker 3 (02:46):
And you said thank you. So that's all. That's all
we have to that's all we have to do. D
O D version two point zeros. You guys have been
snapping them up for four under the Easter tree, if
you will, right under the Christmas trede.

Speaker 4 (03:03):
Did the bunny bring some?

Speaker 3 (03:04):
And I actually let me put let me say this
to myke. I actually had a conversation with one of
you who's listening right now, and you agreed with Michael
and I. Guys, the most underrated, most underrated handout that
we have that we've offered is the nationwide twenty twenty

(03:27):
five tax Planning Guide.

Speaker 4 (03:29):
Right because everyone is already feeling the pain right of
filing for twenty twenty four, okay, and I did as well,
and I made some changes. I decided to defer some
tax in my after tax savings so I don't have
this pain again, right right, right, and one of the

(03:49):
reasons looking forward to the twenty twenty five tax Guide. Everyone,
it's not getting better, it's getting worse. No, And it
doesn't matter if some tax laws stay on the books
or not. It's going to get worse and not a
little bit. And in New York State is going to
look like California in the blink of an eye. And

(04:12):
if you're not doing something to reduce your taxable income.
You know how much I hate bond funds. Yeah, yeah,
they give us tax bills and lose money every year.
You got to get ahead of this. It's not getting better,
it's getting worse.

Speaker 3 (04:26):
Oh absolutely no, no, no, couldn't couldn't agree, couldn't agree.

Speaker 4 (04:29):
More that twenty five tax guide. Get ahead of this. Well,
it's still in our mind because come July and you
know we're reading hot Dogs watching baseball. We don't care anymore,
do it while you're still feeling the pain?

Speaker 3 (04:44):
No question, no question about it, no question whatsoever. And again,
extremely underrated. We don't talk about it enough. But just
grab a copy. It's entirely free. That's when we can
zap out to you. It's www. Dot Madison M A
D I. S. O. N. Managers M A N A
G E R S dot com. Okay, that is one

(05:06):
of those.

Speaker 4 (05:08):
All right, I have a couple of articles that I
know are gonna get under your skills.

Speaker 3 (05:13):
Oh, I love it. I absolutely ready for one. You
know what. I'm gonna start with this though, Mike, do
you the amount of It's so interesting because we we
spend all this time educating, right, we spend all of
this time educating on these airs, right, and we talk
about the pillars, we talk about the protections on the pillars,

(05:35):
and it is rather amazing in that you almost need
these market shall we call them downturns, sell offs, whatever
you would like to show the beauty that the pillars provide.

Speaker 4 (05:54):
Right, well, just come sit in our office. You know
it's not happy phones ringing off the hook. What's going up?

Speaker 3 (06:05):
So true?

Speaker 4 (06:05):
Am I? Okay?

Speaker 3 (06:06):
So true?

Speaker 4 (06:06):
Am I going to be able to retire?

Speaker 3 (06:08):
So true?

Speaker 4 (06:08):
Might be able to take my distribution?

Speaker 3 (06:10):
So true?

Speaker 4 (06:11):
No, our conversations are dan, We're not even close to
zero barrier. Let it rain. So's to be okay, it's
a different mindset, so very so very true. And I'm
not trying to diminish pain that people are feeling I'm not.
I'm not. So if you have the blueberry portfolio at
the big box bank store that rhymes with share all

(06:34):
or be of whatever, it's not too late come fix
your finances.

Speaker 3 (06:41):
No, right, right, try And it is as you as
you say, Mike. It's very very interesting in that when
you look, you know, when you look at some people
who may have, you know, recently, you know, recently placed
the monies into let's say pillar two, one of the
pillar to guarantee pension guaranteed whatever it happen and whatever
you want to call it. Right, And you look at

(07:02):
this and you're looking at a statement, if you will, right,
you look at a statement, Mike. The most the most
fascinating thing, and I'm talking about very recently, right, is that, Yeah,
you'll see the portfolio is down right, that's you. We
want to own a portfolio, right, That's how you're going
to be able to get a raise.

Speaker 1 (07:18):
Right.

Speaker 3 (07:19):
The world is happening, correct, the world is happening. But
what you can point out so easily is is is
that your income base or what the income is based off,
hasn't moved a tick, right, Mike, hasn't moved a.

Speaker 4 (07:35):
Tick at Actually the opposite.

Speaker 3 (07:38):
There you go, there you go, Mike, and again it's
going up every day exactly if you're able to stay
hands off, as we say, if your hands off for
a year. There is a certain minimum, right, that is
very attractive, a certain minimum right, very very attractive world,
according to everyone, right, where those dollars right, those dollars

(08:00):
will go up.

Speaker 4 (08:01):
I mean, the math is the math.

Speaker 3 (08:03):
The math is regardless.

Speaker 4 (08:04):
I sound like a broken record. I totally understand. I
am a bro market.

Speaker 3 (08:08):
Right, if this market continues to move in.

Speaker 5 (08:11):
This fashion, if you will, right, I mean, can you
even remember this much insanity since what two thousand and eight?

Speaker 3 (08:19):
No, it's it's been, it's been, as to say, it's
it's a long this is just mayhem. It's a long, long, long,
long time.

Speaker 4 (08:27):
And you know what Wall Street doesn't care about anymore? Earnings,
sales growth right, right, right, balance sheets? Right, I don't care.
It's whatever sound bite comes out of some political issue, good,
bad and different. Whatever your views are, doesn't matter. That's
what's driving the market. It's I mean, we we are
all basically at the mercy of some insanity. And I'm

(08:51):
not talking about political just say, in the world.

Speaker 3 (08:54):
The world right, and it's all computerized too. That's the
best part, Mike, is that.

Speaker 4 (08:57):
Before you even hear the sound bite, the algorithms are buying.

Speaker 3 (09:01):
These aren't these aren't humans, guys. Don't get too caught
up in that, you know, don't get too caught up
in that when you see And this week was a
perfect example, right, we saw one with both ways. You
saw the whiff from tariff, like the quote tariff threat
took the market in one direction before anyone could even react.

(09:21):
Then what was it a day? Two days later the
whiff from the tariff threat in the other direction. Oh,
and then the otherwise it's a rocket, but again before
anyone can even react, guys. So so the point is this,
as humans, you know, like like the strategy, dislike the strategy.

(09:42):
We know that there are a lot of sound clips
coming out of the Oval office, like it or not. Right,
it's rapid fire. So as an invast store, as an investor,
as a human investor, you're trained at this point to
you know, it's here today, it would probably be reversed
in two or three days. Right, that's sort of you
know that sort of thing.

Speaker 4 (10:02):
But do dan, do any of these things sound or
feel like a really solid market.

Speaker 3 (10:09):
To you do any of these things really sound? No,
that doesn't.

Speaker 4 (10:13):
It doesn't make you come any ways.

Speaker 3 (10:16):
Why guys, that's why we talk pillars going to break.
Let us educate. Www dot Madison m A D I
S O N Managers m A N A G E
R s dot com. Let us know and we'll get
whatever you need out to. You see right back.

Speaker 2 (10:33):
You are about to experience the planning for Prosperity show
in three two here.

Speaker 4 (10:43):
Wait to.

Speaker 3 (10:50):
Happy Weekend, Dan Polanski, Managing director, Michael Brown, you know who?

Speaker 4 (10:54):
This is not a clue, I don't. I don't think
she ever sang it Randall Opry, so I wouldn't know her.

Speaker 3 (11:02):
Nora Jones. That was easy. We should have used that.
She won so many awards, right, mister producer.

Speaker 4 (11:09):
What happened to her though? What'd you get? Participation trophies?

Speaker 3 (11:14):
No, this is gonna come on, Michael, this is not
your type of music. And this is uh you know again,
this is obvious that's.

Speaker 4 (11:21):
Never played at a ballpark. And that's how pretty much.

Speaker 3 (11:24):
I rate Madison Wealth Managers. Welcome to the Planning for
a Prosperity Radio Hour. Www dot Madison Managers dot com.
That's the best way. And you guys get in touch
with us so frequently. We love that. That's what listen,
that's what makes it work. It's www dot M A
D I S O N M A N A G

(11:46):
E r S dot com. Use the little textbox and
let us know. It's really that simple.

Speaker 4 (11:53):
All right, You want a funny.

Speaker 3 (11:56):
We could all use Come on, yeah, let's do it funny, Michael.

Speaker 4 (11:59):
So this is from MarketWatch, and I love their stuff.
And here's the core of the article which caught my eye.
Looking forward to the Great wealth transfer question mark, expect
an eighty four trillion dollar mess instead without proper estate planning,

(12:20):
that money's going to go toward legal fees and taxes
instead of your errors. And I now now I'm hooked.
Right now. I have to get into this thinking it's
going to be something juicy. It's everything we talk about
every single day. Right The probate process is not Godzilla,
and we've talked about for years and years. The risk

(12:41):
is I pass away. You're my executor. All my information
becomes public if I haven't taken any necessary steps, which
opens the door to what all the bad guys, the
cyber attackers the identity thieves finding their way into my
Fini angel somehow to steal This is what it is.

(13:05):
And I go back to the d D two point zero.
The challenges of being the executive of a state. You
need to get ahead of these things. If you're my executor, Dan,
you already know the day you get the call that
I'm no longer on the planet, you have seven things
you have to do, and do them today to stop

(13:28):
the grift, the theft, the time sucked, the legal fees,
the court fees, the accounting fees, all that jazz. So
if you're an executor, I'm very sorry for you. You
know that that's a bad place to be. But if
you are, you got to get the DoD two. You
got it, guys, because the world is so just unforgiving today.

Speaker 3 (13:50):
I was so wrong, Mike, and and against shame and
you know this.

Speaker 4 (13:57):
Sorry, that was my bad year.

Speaker 3 (13:58):
Everyone listening, you know, because you have absolutely pounded us
for copies of the DoD two point zero.

Speaker 4 (14:06):
As you should when we actually everybody slow it down when.

Speaker 3 (14:10):
We talk right, when we talk about Madison Managers dot
com and you go to the textbox and to click
get me DD's give me DoD is, give me do
D's Mike. I'd like to say that I think I
had something to do with that, in the fact that
I admitted I was wrong what to do when a
loved one dies, right, when a loved one dies. Guys,
this is a way. It's a white paper, right, simply

(14:31):
put it is a white paper within. It's a white
paper within, said said document. Okay, said DoD two point zero. Okay,
And and and and what it is is it's bullet point.
It's about a page and a half in length, right,
is it page and a half? Our page might be

(14:53):
two pages where simply put it to checklist, you go
down the checklist. Guys, it is so valuable. It's more
valuable than the than the executive timeline. It really is.

Speaker 4 (15:04):
My Oh, it is, guys, them there fighting words.

Speaker 3 (15:08):
I'm saying this. It is. It is from the standpoint
of from the standpoint of the fact.

Speaker 5 (15:17):
That three quarters of them, even a professional, wouldn't think
of not not unless you've been through the ringer, been
through the ring down, right, dozens and dozens dozens of
long term clients who put.

Speaker 4 (15:31):
Their heirs, their loved ones, their family through the ringer inadvertently.

Speaker 3 (15:36):
That's the that's that's the point, Mike, that that is
exactly exactly the point in that what it is, as
you say, we sat down with our team, let's go through.

Speaker 4 (15:49):
We asked everybody to just regurgitate the bad.

Speaker 3 (15:51):
The experiences, right, the experience, give.

Speaker 4 (15:54):
Us the negatives. We don't want to positives.

Speaker 3 (15:56):
That's why I'm saying seventy five percent of profession seventy
five percent of these items a professional would not come
up with.

Speaker 4 (16:05):
It's just that simple, not unless you've been through the ringer.

Speaker 3 (16:08):
Absolutely so.

Speaker 4 (16:09):
Now, and you and I couldn't have done this by ourselves.
We had to get everybody involved. Oh yeah, give us
your one worst story, give us your one with give
us the one that you had a blind spot on.
And that's what we put.

Speaker 3 (16:25):
In as so absolutely and it's that, guys, it's it's
really really really that, it's really really that simple.

Speaker 4 (16:32):
All Right, I'm gonna upset you. Yeah, please, listener comes
into the office. Great guy, mm hmm. At what used
to be an investment firm that failed and now was
a bank? Dan hand on the Bible, not one, not two? Three?

(16:56):
Blueberry portfolios? Three?

Speaker 3 (17:01):
Were they all different? Wait a minute? Were they all
the blue bear or was the cherry? I mean, was
one cherry one blueberry go through?

Speaker 4 (17:07):
One was exchange traded funds, got it, one was mutual funds,
got it? And one was the super secret stock portfolio
that had a ninety different positions in it. Now here's
the thing. If I have millions of dollars at said
big bank box store, right, why would they buy eight

(17:30):
hundred dollars of a stock for me? What in the
world can that possibly do to help me?

Speaker 3 (17:36):
Well, we go through the song.

Speaker 4 (17:37):
Why would I have twelve hundred dollars of an exchange
traded fund?

Speaker 3 (17:41):
Makes no sense.

Speaker 4 (17:42):
It's not listeners, It's not for you, it's for them.
You want to talk about the dark side for a minute.
All these mutual funds and exchange traded funds pay these
big banks for their bank tellers to sell them to.
You must be very clear number one. Number two, these

(18:03):
investment banks. Do they really care if they put eight
hundred dollars of my stock in your portfolio? What they're
trying to do is get the next investment banking deal
from that company. Right of course. Now you and I
are like, well yeah, But for the regular people like
I don't understand what that means. So I'm the big bank,

(18:27):
you're the small company. I put a little bit of
your stock in tens of thousands of people's portfolios so
I can come to you and say, when you need
to raise money, company ABC, you better come to me.
And they do. That's yeah, this is how it works everybody.
It's terrible, but this is how it works. And Dan

(18:50):
and I when we were youngsters, we worked for these
terrible banks. We didn't know any better. We just thought
we were doing the right thing.

Speaker 3 (18:58):
That's exactly what it is. That's exactly what everything.

Speaker 4 (19:01):
On Wall Street is an absolute backhanded scam.

Speaker 3 (19:07):
It really is.

Speaker 4 (19:07):
I hate to say it. You know, I'm mutual fun ABC. Dan, Right,
I want to get on your global bank right platform.
Do I have to write your check for fifty mili
one hundred mili? I don't know.

Speaker 3 (19:20):
No, I don't know why.

Speaker 4 (19:21):
I just I walk in on my knees. You tell
me and I get my check book.

Speaker 3 (19:26):
Yeah, yeah, yeah, it's just how it goes. Who knows, right,
who knows? I need a minute, take it. Take a breath, Michael,
I know you're fired. In coffee, take a breath. You're absolutely,
absolutely fired up it.

Speaker 4 (19:37):
We work in the worst industry in the world. Well,
maybe not the worst. We're not big farm.

Speaker 3 (19:45):
Could be right. But the point to your point, Mike,
that the point is is that ninety percent of the
vehicles out there, right, your investment vehicles, when you want
to call them portfolios, blueberry portfolios, the model.

Speaker 4 (20:02):
The conservative number three.

Speaker 3 (20:04):
Milive plus percent, are simply meant to aggregate assets. That's
all that all that it is, that's all that's all.

Speaker 4 (20:14):
Go back to that. I'm the mutual fund company that
has wrote you a check so your bank tellers can
sell me, sell them my funds. Right then I have
to share the fees with you.

Speaker 3 (20:24):
Right, That's how this works. That's it.

Speaker 4 (20:26):
That's absolutely so if you wonder why you have twenty
eight different mutual funds or exchange traded funds or blah
blah blah paid.

Speaker 3 (20:34):
Yeah, and that's that's that's all that it is. It
really is as you say, it really is that. It
really is that simple, mic I.

Speaker 4 (20:41):
Don't want to keep going with it, No, no, no, But
but I'm fun company, A I want the five butterfly rating.
What do I have to do that's a good I
write a check to the Butterfly Rating Agency.

Speaker 3 (20:51):
That's a that's a great that's an absolute how the
world works, that's an absolute, absolute great point. The difference
is we don't we go to break guys. Just a
reminder if you don't have do D version two point zero.
What to Do What a Loved One Dies is the
hit in there, and I am willing to admit it.
I was wrong, Mike. It's that simple. I was wrong.

(21:13):
I Daniel Polanski was wrong. Get your do D version
two point oho. Take a look at What to Do
What a Loved What Does? It's that simple and it's free. Www.
Dot Madison Managers dot com. That's the way to do it.

Speaker 2 (21:27):
You are about to experience the planning for Prosperity Show
in three two trum.

Speaker 3 (21:43):
We should know this. There this cold ply right, cold
ply Yeah, Yeah, there you go. It's cold Play, the
mailing cold Plly Michael Brown not even stumbling, not even
not even there. Yeah, what can you say to that?
That's a babble. You didn't like the first two songs?

(22:04):
So what is the thing?

Speaker 4 (22:05):
Boy? Everyone, if you're in a dentist chair, everyone that's
new to the Planning for Prosperity Radio, our show the
intro music is meant to be a name that tune,
guess the artist, et cetera, et cetera.

Speaker 3 (22:22):
But we build towards a theme, right, we built towards
a theme where it is you know it kind of
is is what it is. It's a selection that's made
by one of our favorite listeners, if you will call.

Speaker 4 (22:36):
It's worked on send her a nasty gram.

Speaker 3 (22:41):
It's worked on with Robert the Conciergeusion, it's with mister.

Speaker 4 (22:47):
What's next week? Like the greatest Hungarian pianist.

Speaker 3 (22:52):
We can only hope, right, we can only we can
only we can only hope that's the We can only
hope that's again.

Speaker 4 (22:59):
Like recording for Oblivion Fiddle Festival.

Speaker 3 (23:03):
We can only we can only hope that is the
That is the case of Michael Love, Michael Brown. So welcome,
welcome aboard everyone. We've got so much to talk about. Listen,
let's Michael, let's keep it simple. Here. We are in
these markets like it or not, right, like it or not,
and I think you know I'm going with not. I'm

(23:26):
starting to see a lot of things going around where
you know, I think me thinks the big problem why
people are maybe starting to get upset at their portfolios,
upset at what's going on. Mike, I think the mainstream

(23:47):
media might be to blame from the standpoint of no one,
no one, no one except on these airs ever described
how bad twenty twenty two really was.

Speaker 4 (24:02):
Oh, I mean, at this pace, we're gonna repeat it. Well,
but the point is, what are they gonna say a
year from now.

Speaker 2 (24:08):
No.

Speaker 3 (24:08):
But the thing is, Mike, no one really understood and.

Speaker 4 (24:15):
Or discuss because it doesn't fit the Wall Street narrative.
It's like, it's like these political folks.

Speaker 3 (24:22):
Correct, exactly exactly exactly right, it is. It is what
it is, right, it is what it is. It was
what it was. But the problem is such is that
if you went through twenty twenty two, right, you had
your quote diversified bond stock portfolio, right, Yeah, you had
that right?

Speaker 4 (24:41):
Worth it that when you lost twenty percent and you
still got a tax bill for that one.

Speaker 3 (24:45):
But again, argue not even arguably, Like if you look
at the data, right and you factor in bond returns, right,
and you factory don't, well, exactly right, you factor in
the bond factor in bond market returns, right, it was
the worst year. Again, going back and chill as far
as the data goes, and it's a long way, guys.
So the point is this, somehow that got glossed over.

(25:08):
Now here's the thing.

Speaker 4 (25:10):
You know why it got glossed I most certainly know
who advertises it on the media, right, the Wall Street firms.

Speaker 3 (25:16):
I most certainly know why it got glossed over. Now Here.
Here's the point is that we went through twenty twenty three,
which was a quote recovery year, right, recovery your frequities, right,
then take you well, here's the king. Then twenty twenty
four happened and circum mid year or so July, certainly

(25:38):
by September, the equity started to roll again, right, and
they kept rolling, And now here we are in twenty
twenty five, and everybody's wondering where's my return? Quite what?
There isn't any that's the bottom line.

Speaker 4 (25:53):
Well, the very very small handful of stocks that carried
us for the last five years, right are tired.

Speaker 3 (26:03):
That's Mike. That's the key. They're in there. In is
the key. And the point is this, Mike, we're all
sitting here waiting for them to regain leadership. Might they right,
We've got to earn big earnings week for all these
boys next week, right, all these boys and girls. Nobody
may care this go around. Nobody may care. Okay, they

(26:24):
may not care this go around. The point is this.
The point is this is that guys, there's not much
a sec teeth into really over the last three years,
four years at this point, right, there's not a lot
to sink your teeth into. So what do you do.

(26:44):
You can look back and say, oh, well, lord, I'm
so upset.

Speaker 4 (26:49):
Maybe I need a bit more of the magenta. Right
in my pie Jack is the intergalactic emerging market bond portfolio, right.

Speaker 3 (26:58):
And that's where we're going this, Mike, that's where that's
where we're going with this in that we are trying
to educate on pillars. Okay, And here's the bottom line
is that, well, do you want to go four out
of five? Mike? You want to go four to five?
Four out of five?

Speaker 4 (27:19):
Okay?

Speaker 3 (27:19):
If we're including the fifth our specialty item, four out
of the five pillars, okay, offer you protection. Now, whether
it's income protection, whether it's principal protection, full death, benefit protection,
all of the above protection. Okay, they offer that by definition, right,

(27:42):
by definition, two of the five pillars right, two of
the five pillars A crew benefits for you in down
markets and and in both instances you're playing the market
game at the same time.

Speaker 4 (28:00):
So let me see if I get this straight. Let's
just use twenty twenty five. What's the market down, Dan,
fourteen to fifteen percent? Whatever it is today? Well, no,
it depends tomorrow will be drastically.

Speaker 3 (28:14):
It depends what market how you're conveniently trying to twist
this thing right, That's what it depends.

Speaker 4 (28:21):
So I'm just gonna make this easy. On January one,
my protections reset. Am I losing any sleep now? Zero?
Because I'm not losing any money? And you know what
I'm not doing, not any conversations with the bank teller
giving me historical numbers how the average bear market only

(28:45):
lasts sixteen months and the median is only eighteen months.
And all you got to do is Dan, hang in
there because history always repeats itself. You're gonna be fine
unless you need to start taking money from your savings
to live on. Then you're not fine. There's no fine anymore.

Speaker 3 (29:06):
That's the key, Mike. And here's the thing is, that's
why guys, I will always lean towards pillar two. Okay,
if you have no exposure to the pillars, you're looking
to try us out. You've got a portfolio that's reasonably balanced,
et cetera, et cetera, et cetera.

Speaker 4 (29:21):
And you say, hey, I wait, wait did you say reasonably.

Speaker 3 (29:24):
I'm just listen, don't I don't even know what to say.
Anybody wait when we'll do it?

Speaker 4 (29:28):
Just upset me.

Speaker 3 (29:29):
Well, I know, But here's my point. Even if you're
not all on board yet, you say I want to
try these guys out, I will always lean towards pillar two.
I will, Mike, I will, And I know you will
lean potentially in a different direction. But hey, listen, favorites, favorites,
we all have them. Okay. My point is. My point
is is if you're able to play in the market,

(29:51):
and especially now right markets are down, if you're able
to play in the market conceptually, as we talk about
all the time, Mike, if I'm in pillar two so
I can be more aggressive, then maybe I would be
able to outside.

Speaker 4 (30:05):
Not not only ken you, you should be should be correct.

Speaker 3 (30:07):
So think about this. I can be more aggressive. I'm
in the market. I'm taking advantage of a down market.
If the market's rebound. Notice I said, if when the
market's rebound, notice it if and when, okay, point is
this portfolio will go up, and you'll be more aggressive.
You'll be more more aggressive.

Speaker 4 (30:26):
Mix should be.

Speaker 3 (30:26):
Happy, right, you'll say good, good good, and because you
have a backstuff good good good right, like I said,
good good good and and and if if if the
markets go down, well you've guaranteed you guaranteed income for life.

Speaker 4 (30:40):
It just went up, or your principal protection that just
keeps going.

Speaker 3 (30:43):
That just went up, Mike, that that there in, therein
is the case. That's why I will always steer towards
Pillar two, because I don't think there's anything more powerful
than being able to show in catastrophe what you're guarantee
he really is. Meaning portfolio goes to zero. Right, everything's

(31:04):
out of it, bad sequence of returns, which rawles come out,
blah blah blah blah blah. And you and your neighbor
only same exact fund. Right, you say you own the
same exact underlying fund. However, you because you chose pillar two,
you will continue to get a checked at zero. Okay,
forever your neighbor will not.

Speaker 4 (31:26):
You're not gonna have the for sale sign in your front.

Speaker 3 (31:29):
You suck silence, Michael. Isn't that the key? Silence?

Speaker 4 (31:34):
I think silence is wonderful.

Speaker 3 (31:36):
And that they are in. They are in, Michael, that
is that is the case.

Speaker 4 (31:41):
Now, all right, we only have a minute or so
for break. Don't you find it in this interesting that
with the bad markets we have all of a sudden
CEOs everywhere are bending the knee to try to tell
this administration these things don't look great for us. Isn't

(32:01):
it funny how they went from villains to begging. Now
I'm not agreeing or disagreeing with anything. If I'm the
CEO of a fortune five hundred company, I'm getting on
my jet and making my voice heard as well.

Speaker 6 (32:16):
Where was everybody last five years? I don't understand what's
going on again? No one will, guys. The easiest way
to do it is again, let us just educate. We'll
walk you through Pillar one. We'll walk you through our
version of pillar one.

Speaker 3 (32:31):
Right, if you want to be naked out there, congratulations,
we'll walk you through. Okay. Pillar two. We'll walk you
through guaranteed pension, guaranteed, the didn't come, whatever you want
to call it. Pillar three again what we like to
call a growth trade with protection. Right.

Speaker 4 (32:46):
So I'm looking out the window right now, right, the
trees are finally budding. Right, spring may actually be here.
I'm looking forward to being outdoors, playing a little golf,
going out in the woods, whatever the case may be.
I don't want to worry about this stuff. I want
to have fun with my life, enjoy my family, my kids.

(33:07):
Take this grief off your plate and get the protection.

Speaker 3 (33:12):
What punchline? Where we go? Mike's pillar four? Guys, don't
forget that. Mike's pillar four. You are index man or
index lady with protection in place.

Speaker 4 (33:23):
Go enjoy her.

Speaker 3 (33:24):
Let us educate www. Dot Madison Managers dot com. We'll
see you right back.

Speaker 2 (33:30):
You are about to experience the planning for prosperity show
in three two?

Speaker 3 (33:37):
Here am I?

Speaker 4 (33:45):
Right?

Speaker 3 (33:47):
Oh Cranberry, what was your name? Cranberry?

Speaker 4 (33:52):
No? No, the lead section. I think she passed away.

Speaker 3 (33:55):
You're thinking of O'Connor.

Speaker 4 (33:57):
No, no, I think this this woman passed Get a
great voice.

Speaker 3 (34:04):
Well, it's excellent. Thank you for that, because this was
supposed to be calming music. So I guess that's the
ultimate form.

Speaker 4 (34:09):
I like to bring up death instruction despair.

Speaker 3 (34:13):
Calming music was the theme. Thank you for Michael bringing
it one step.

Speaker 4 (34:17):
Further and bringing I can't help my sting it.

Speaker 3 (34:20):
One is step one step close there here that is
that is the that is the key years.

Speaker 4 (34:27):
So before we get going, have you been joined the
kind of like the breakout of baseball season? Have been
watching a lot of innings really enjoying yourself? Who?

Speaker 3 (34:38):
What? What are you even talking about?

Speaker 4 (34:39):
For? Everybody does understand Dan hates baseball more than anything else.

Speaker 3 (34:44):
On that and that's what That's what I'm doing.

Speaker 4 (34:46):
I'm not.

Speaker 3 (34:46):
I'm not.

Speaker 4 (34:47):
You're not acknowledging it exists?

Speaker 3 (34:49):
Right, I will, Well, there's no footballs?

Speaker 4 (34:51):
What do you do?

Speaker 3 (34:51):
I will not recognize just watching channel, the NFL, the
NFL drama, riveting college football, spring games, everything that you
would absolutely absolutely want to want to enjoy.

Speaker 4 (35:06):
So interesting.

Speaker 3 (35:07):
Yes, it is all. It is all there, and it
is all there for this.

Speaker 4 (35:10):
Oh are you still in a NASCAR? Yeah?

Speaker 3 (35:13):
No I that no, no, no, we passed and we
passed on all of that, We passed on BML, we
passed again. Common, give me a break. This is the
exact opposite of coming. But guys, let us let us
get you our materials. Let us get you do d
version two point zero. Let us get you. As one

(35:35):
of you discussed this week when you saw it for
the first time, the most underrated hand on and I agree,
I don't disagree with us. The most underrated educational piece
that we have, I believe, is the nationwide twenty twenty
five tax Guide. So if you don't have it, the
easiest way, it's www dot Madison Managers dot com, www

(35:57):
dot M A D I S O N M N
A G E rs dot com. Okay, and and and
with that said, with that said, grab that tax guide, guys,
give it a go, give it a shot.

Speaker 4 (36:11):
Well, for some of us, we're still a little upset
with tax day.

Speaker 3 (36:17):
Oh it's out there.

Speaker 4 (36:18):
Oh I mean, I am. It's a big piece of
I burn, Like, where where is this money going? They
just keep stealing. But that's not my point. In the
DoD two point zero Hall of Famer Dan the twenty
five documents need before you die, Right, it's a one
page info graphic that has the bullet points. And now

(36:39):
that it's tax time, everyone should be taking their filed
tax return and putting it in their safe haven right
where all their documents are right, right, right, right, Because
if you're not super organized and Dan, I'm your executor,
I need to find out where things are. And the

(37:00):
tax return will give you clues like Breadcrumb's good point.
I got dividends from Big Back Bank. Story am, I
didn't get any dividends from Madison Wealth because they deferred
my taxes. But it gives you an idea of where
to start your little hunt to try to get the
beneficiaries their money. Now, if you have a DoD to win,

(37:21):
Oh and you know twenty five documents, your executor, your trustee,
whoever may be, your your heirs, your beneficiaries, they don't
have to worry about that because you're already organized.

Speaker 3 (37:31):
That's right, That's right. And again, guys, do D two
point zero. You hat another reason. It's all professionally bound.
It's all gorgeous, and you can check out the Hall
of Famer, just like not with the baseball analogy. Again, guys,
ww do no Mike's went through documentation www dot Madison
m A D I S O N Managers m A

(37:53):
N A G E R s dot com. Please use
the text boxing. Okay, Please use the text box and
to to enter your request. That's all that.

Speaker 4 (38:03):
It is, all right, I'll be quick. This good one.
Quentin for trell. I read his stuff because people will
write him in with questions and he'll give honest answers,
not about what's stock to buy, none of that nonsense.
Here's the title of the article. I'm fifteen years older

(38:23):
than my second wife. She says she'll pass my estate
on to my sons. What could go wrong? My wife
is one of the most honest people I've ever known.
A lot of people listening, are you say, Yeah, that's me.
That's great, And this is not coming from me, right,
This is a guy who's been around the block. Because

(38:46):
these pages of columns are littered with readers who trusted
their spouse only to regret it. Money makes people do
icy things. Mmmmm yeah. So if I am married, yeah,

(39:07):
I have my kids, she has her kids. She can
live in the house forever.

Speaker 3 (39:11):
Yeah.

Speaker 4 (39:12):
But afterwards, now she's got to be taxes, maintain it.

Speaker 3 (39:14):
Yeah.

Speaker 4 (39:15):
Yeah, it goes to my kids. Yeah, her property goes
to her kids.

Speaker 3 (39:18):
Yeah.

Speaker 4 (39:18):
But if you're not planning for ahead of time, not
how it's going to work.

Speaker 3 (39:21):
Yeah, yeah, no, right right right.

Speaker 4 (39:23):
The blended family is the norm today. Yes, and it
really is.

Speaker 3 (39:28):
Yes.

Speaker 4 (39:28):
I don't know percentages, I don't know that. Yes, but
I know as many divorced and remarried folk as I
know people who've been with their spouse forever.

Speaker 3 (39:36):
Oh, without without question, Oh, without question, Mike, without without questions.

Speaker 4 (39:39):
So get the d D two point zero. Yeah, and
start to plot this. And I'm not saying plot from
a sinister point of view, a very fair objective but
legally laid out plan.

Speaker 3 (39:53):
Let me ask you this, Mike. And this is top
of mind right now because we get a lot of
these questions and they come in from you, they come
in from prospective clients, they come in all over and
it goes something like this, are a lot of people

(40:14):
losing their minds right now with their investments?

Speaker 4 (40:16):
Well, I'm sure people are not feeling great if they're naked. Yeah.

Speaker 3 (40:23):
And here's here's the thing, guys, here's the thing. We've
gotten so far away from how markets traditionally behave right,
there is.

Speaker 4 (40:38):
No more traditional behavior. It's gone.

Speaker 3 (40:40):
That's the key, Mic, that's the key. So here's the point, guys.
It becomes even more critical when we have conversations with you,
because we can we will bring you the solution. We
are solutions orient Okay, But here's where I'm going with this, Mike.

(41:05):
If you truly are someone who is an income investor, okay.

Speaker 4 (41:12):
Which we all will be.

Speaker 3 (41:13):
Say, here's the point, guys, if you're truly an income investor,
you also have to understand that you're probably not going
to be able to also in one spot right, in

(41:37):
one package, if you will incorporate the best growth idea
out there, Mike, They're just they're incongruent, if you will, right.
And the reason why I bring this up is because
if I'm a quote high yield investor, right, I've got
to understand that as I go through the rate cycle, right,

(41:59):
as a through the rate cycle, you're high yield. Whether
it's an underlying fund, ETF whatever happens to be, it's
gonna go up and down, perhaps violently at times, not perhaps,
but but but stick but stick true to your understanding
of who you are, right, Stick true to your understanding

(42:19):
of who you are. Now, if you were maybe willing
to potentially accept right, perhaps a little bit less in
terms of income.

Speaker 4 (42:33):
Right, and Dan's has quotations up.

Speaker 3 (42:36):
You know the air quotes. You know where I'm going
with us, Mike, and you might want some stock market exposure, right,
which is gonna be equally as volatile, right, And the
you might want to lock in that guaranteed withdrawal rate,
that income level whatever it is, at the highest in
the past two decades. Right. Why not have a converse?

(43:02):
What why don't.

Speaker 4 (43:02):
Have cosier to be busy? Let's see mowing the lawn,
tending to the garden. I've got my grandson's t ball game,
I got some chores I have to get to. I
got a lot of emails to get back to. We're
making excuses for my least favorite term, being busy instead

(43:23):
of being impactful.

Speaker 3 (43:25):
I think I think the point I think the point here,
I think the point here is as is as such,
is that we have to be open. We've got to
be honest. That's the key thing.

Speaker 4 (43:38):
That's the hardest part.

Speaker 3 (43:39):
That's the key thing.

Speaker 4 (43:40):
No, one, No, that's by far the hardest because the
power of denial, in my opinion, is the most powerful
for us.

Speaker 3 (43:47):
On the plane and Mike and get you with your
behavioral finance background. The point is this, guys, we can
pull out what we deem to be the best of
pillar one. We can pull out what we deemed to
be the best of pillar two, we can pull out
what we deem to be the best of pillar three,
pillar four. You get the drift, and at some point

(44:08):
in time, right, the market's gonna go in away where
you know you might not be thrilled. Right, that's those
are markets, guys.

Speaker 4 (44:20):
Here's the difference, right, being not thrilled while having protections
is much much different than losing sleep. This well done,
because what if this time is different and we don't
roar back for a cycle for a decade like the

(44:41):
two thousand.

Speaker 3 (44:42):
Well, we've talked about this, like we've essentially again, depending
on what I.

Speaker 4 (44:45):
Don't believe in faith of the markets, I don't just
the opposite. I believe that I'm gonna protect every dollar
I have so that some I'm trying not to use
a bad word, some whatever, Yeah yeah, doesn't cause an
issue that steals it from my kids.

Speaker 3 (45:03):
Yeah yeah, yeah yeah yeah. And that's a great guys,
that's a great way to go to breaks. So let's
think of pillars. Actually go to the end of the show.
This is my right. I think pillers. Think D O
D two point zero. Think the nationwide tax guide, Guys,
by the way, www dot Madison, M A, d I,

(45:24):
s o N. Managers with an as dot com use
the textbox right, use the textbox let us know it's
all free. We can't wait to see in the office.
Thanks guys,