Learning From Other People's Mistakes In Retirement Planning

Join David and Travis Shepherd of Shepherd Wealth Solutions inside the Financial Lab Saturday at 10am on WJBO Newsradio 1150 AM & 98.7 FM to get a better understanding of the financial issues you could face preparing for and in retirement!

Visit shepherdwealthsolutions.com or call [phone] to learn more!

Episode Transcript

(00:10):
I hope you're enjoying your weekend.We appreciate you joining us here for yes
the Financial Lab with the father andson team, David and Travis Shepherd.
My name is Jessica. You canalways get more details at Shepherd Wealth Solutions
dot Com. The phone number wedo have a team member available to take
your call off the air two twofive four six five one zero six five

(00:31):
two two five four to six fiveone zero six five. On today's show,
we're going to talk about learning fromother people's mistakes when it comes to
retirement planning and how can you getthat guaranteed income in retirement that much more?
But guys, welcome. How youdoing doing great? Back from Hawaii?
Huh run with the turtles, BigTravis holding down to Ford over here.

(00:55):
Yea, you know there's no placelike Tom Buddy. Oh yeah,
you're ready to come home. Notat first, but you know after a
few days over there and start missinghome years being over there. Seeing a
couple of the costs of living outthere. Oh my god, they're still
over four hours a gallon for gasout there. I remember, I got

(01:15):
to I remember we went to Hawaiiyears ago, but uh, I remember
even then like the gases like threesomething a gallon, which was super high
back then. Yeah, it's expensive. It's beautiful, but man, it's
expensive. Well you pay for that, Paradise. I was just gonna say,
you are paying for every inch ofit. I mean, whether it's
gas or a cup of coffee.I mean, the prices out there are
outrageous. So they have hidden feesin paradise. Huh. Oh God,

(01:37):
I did notice that, you know, are snorkeling cruise They sailed more than
the cruise boy, and they theyhit it. H're saving the gas.
They are using God's Hey, butit was a windy day. Man,
if they els were cutting it.There you go. There you go.
Well, for some listening, mightgo, Man, Hawaii's on my on
my bucket list. You know,that's something that when I come in and

(01:57):
sit down with David and Travis anddo the financial lab they talk about.
I want to make sure we getto the good part talking about that bucket
list and guys, this is somethingthat David, you've been doing for decades.
You was well, Travis, andyou know that is really almost one
of the most exciting parts is saying, hey, mister and missus Smith.
First of all, you're gonna have, you know, income for life,
no worries there, have that confidence. But also, let's look at this

(02:21):
list of things you want to accomplish, and let's start checking some of those
off right, right, absolutely good? While you're mobile, what's our what's
our saying? You got the gogo years and the not so go and
then the years, the ghosts someyears and yeah, I got kind of
the no go years. You know, if you don't want the no go
years to happen because you don't havea money or a plan put together to

(02:44):
make it happen, right, Imean, that's that's the whole reason why
do you come into your financial lab. We're gonna we're gonna ask you the
boring stuff, right Joe Friday,just the facts, ma'am. But at
the same time, that's like you'reyou know, you're basic things utility bills,
food and water, shelter, thatkind of stuff, like what you're
going to spend on that, right, But well, we have a big
part of that. We're like,hey, what's the fun money stuff?

(03:04):
Where do you want to go,what do you want to do? Experience
memories you want to make with yourfamily and your loved ones. Oh you
know, and then let's put aplan together and make those things happen.
It's part a plan. You don'thave to worry if you got a plan,
you know that income's coming in everymonth, you know. And Travis
came up with a new slogan,slogan, let's do retirement right. He
expels, right R I T E. What's the stand for traves? Well,

(03:25):
you want to get retirement right.That means you got to address risk,
income taxes, and estate planning.You get a plan, you get
all those pieces of the puzzle workingtogether, and you're going to get retirement
done right. So it's right RR I TE risk, income, taxes,
and estate plan Pretty cool. Ilike it. I love it.
Yeah. And if you want tofind out how to retire right, this

(03:47):
is how easy it is. Youcall right now for this financial lab,
and let me tell you something aboutthe lab. It's going to be customized
to your specific situation. And whenthey run this lab, they're going to
be able to put together a coupledifferent anat analysis. I know you guys
do like a tax analysis and incomeanalysis. You give me a little more
detail about the financial lab and whatit includes the financial lab is going to

(04:08):
include. Number one is looking rightnow, especially as risk right taking.
Look at how much risk are youtaking? Right Uh? That's things like,
um, most people know their averageyield, I'm gonna make seven percent,
you know, on average every yearin their investments. But most people
don't understand is how much risk they'retaking to get that. Most people are
finding out how much risks they havein their portfolios right now. They have

(04:28):
been for about the last year.You know, it were like the last
four months, like, oh god, thank god, somebody gave me a
little mercy because markets have moved backup. But you know that happens a
lot. In two thousand and one, we had bear We had I think
it's eleven bear market bounces. Oneof those was a forty one percent bounce
off bottom and then then mark continueto give it all back and then some

(04:49):
for the next six months. Yeah, So that's that's kind of things that
happened to bearer markets. We'll seehow this one shakes out. But the
number one thing right now is arisk. How much risk am I taking?
What's my maximum? Draw it outof another dot com bubble or another
oe crash kind of snare develops andthen you know, after that, it's
it's income. I mean, retirementis all about income. And why is

(05:09):
a risk important when it comes income? Well, if you're pulling your money
from the market and you got alot of risk embedded in there that you
didn't know you had, you couldbe having to take money out of your
account when your account when mister market'salready taken some first. So you're having
to pull out of your account whenit's already drawn down by mister market.
And that's a one two combo punchI can knock you out. Part of
that is, like you said,justice is taxes. Taxes tend to be

(05:30):
an afterthought for most people, like, hey, I'll just handle it when
we get there. You know,are April thirteenth. You know most people
are surprised when you talk taxes withthem, right, yes, yeah,
so they're they're not ready for that. They don't they didn't even think about
it. It's an afterthought. It'slike, yeah, I'll handled that later.
That's one April problem. Today's today'sday's May. I ain't gonna worry
about that right now. I'm done. One of the biggest mistakes most retirees

(05:53):
make is taxes. They just don'tplan for it, and then they find
it out from their CPA how muchthey owe and they're like, what remember
that house she took and paid offout of your four or one K?
You remember that you get paid offthe car? Remember, They're like,
it's a I thinking about you andyour wife gone on a date and you're
gonna go to nice dinner somewhere rightand here in bat Rouge, pick your
restaurant in your favorite one. Yougot to eat there, and they bring
you the bill and instead of abill for two, it's a bill for

(06:15):
three. Yikes, right, becauseit's you, the misses and Uncle Sugar
right right, irs is right alongthere with you. And they don't eat
off the kids menu, right,they've helped the adult menu. So yeah,
but yeah, taxes tend to bean afterthought. That's probably one of
the biggest mistakes people make is theyput the tax planning to the back end
of the process. Right. Weactually take taxes and bring it to the
front end of the process. Soinstead of being an afterthought, it's a

(06:39):
fourth thought. We want to havethat fourthought of planning for taxes because if
you would just pay attention to yourtaxes. The IRS will tell you how
to pay less to the irs.So let me give you any quick example
of having taxes as a fourth thoughtinstead of an afterthought. So we had
a couple, let's just call themJack and Jill, and they're going to
get up this retirement hill, right, So what we're the pail of water

(07:00):
money, say buckets of money,because we do we do buckets of money,
right, And so Jack and Jillthey have they have they have money
in all three the buckets, right. They got some tax deferred bucket money.
You're four O one case four threevs SEP, simbols, all those
IRA things. They've got taxable bucketand that's like your brokerage account, you're
you know things, you get tenninety nines on um. And they got
a little bit of tax free money. And Jacket really loves his tax free

(07:24):
bucket of money. The problem isguess which buckets the smallest? YEA free
the tax free one. Yes,yeah, like most people. So but
that's not we got Jack and Jillto come in our office in the first
place. The first thing they gothim coming in their office was social security.
They wanted to take sole scurity atsixty two. This is a number
of years ago, but when theSoul Security Administration first started talking about,

(07:46):
you know, running a deficit downthe road. So he's like Jack and
Joel like, look, we wantto get our money out while we can,
but while there's still money left inthere. I'm like, you know,
that's a valid that's a valid concern, So let's let's run it right.
So we go ahead and we runthe financial lab. They brought in
their taxes, their investments, alltheir buckets of money, right, and
we take a look at it.And they say when the financial lab results

(08:09):
came back and say, look,Jack, Jill, you absolutely can get
up the retirement hill by taking SoulSecurity at sixty two. However, there
is a little problem as you giveabout three quarters away up the hill,
there's this thing called rmds at seventyand a half that you're gonna have to
take out and it's going to createa monster tax burden for you in your

(08:31):
later years in retirement. And weshare with them how much they have to
be taking out, like thirty thirtyfour thousand dollars first year out the gate
taking money out for rmds and gettingtaxed on it when they didn't need the
income in the first place, andthat's going to really create a big tax
time bomb they got to take careof. So we say, look,
we started, you know, doingthe lab process. We run in a
number of different ways, and here'sanother way that we'd like for you to

(08:52):
consider. And the only difference iffor Jack, is you got to put
off your soul security for three years, so instead of taking at sixty two,
you're gonn take it to sixty five. And by doing that, what
it allowed us to do is allowedus to get Jack and Jill from age
sixty five through age seventy and ahalf and a zero tax bracket. And
in fact, they had about tento twelve thousand dollars a wiggle room inside

(09:13):
that bracket. So guess what wedid with it. Moved some more money
to his tax free bucket. Yeah, we took some money that taxed the
fird bucket and moved it over tohis tax free bucket in the form of
a Roth conversion. He played prettymuch zero income tax on those conversions.
In fact, Jack liked that somuch. Guess what he did, He
had us run another plan or removedeven more money from his tax tax to

(09:35):
furd bucket says tax free bucket,And that way Jack and Jill still got
out the retirement hill. But therewasn't that RMD tax time bomb waiting for
him right there at seven and ahalf. So you know, that saved
him tens of thousands of dollars out, you know, every year from seven
and a half on because of hisbecause of mitigating that that RMD. So
it's a really great example of youknow, soill security is not always about

(09:56):
how much you're gonna get when you'regonna get it, but how much you
get to keep. And that's trueall your money. You know, you
might have a whole bunch of moneyinside of your four oh one K and
you're thinking you're going on retirement datefor two and then you find out it's
a real retirement for three because ofthe IRS. You really need to have
the taxes put up front, andthe financial lab planning process will help you
to figure that out. Yeah,so we put Jacking back in control of

(10:18):
his money and jam the irs.So he came skipping down the hill and
start rolling that's right, yeah,set of rolling down the hills. Jack
and Jill skipping down the hill,that's right. That's what I like to
see. That's right. You know, And if you're out there and you're
you're concerned, you're kind of likeJack and Jill. You're thinking about sal
security, you're thinking about taxes,about how am I going to you know,
make my money last as long aswe do and enjoy it in retirement.

(10:39):
I'd encourage you to get in here, find out how to make sure
that you're managing your risk properly.You've got a good income plan. That's
not only income that you're gonna getto use, but income you get to
keep right. I mean, youknow, it's not just a number on
a piece of paper, it's anactual dollar you get to spend, mitigate
and minimize your taxes where you can, and have a plan for for whenever,

(11:00):
you know, one of the spousesin here eventually maybe if you leave
some for the kids, the rustdoesn't get a big chunk of it.
You know, get retirement right,and we can help you to do that
by doing the financial lab process.And if you'd like to come in for
that financial lab and as we're talkingabout here, get retirement right r it
so you're taking account for risk,income taxes, and estate planning. Two

(11:22):
two five four six five one zerosixty five is the phone number two two
five four six five one zero sixfive again, don't forget about that website
Shepherd wealth Solutions dot Com. Comingup next. Is it possible to recession
proof your retirement income plan? Thinkabout that. We'll be right back.

(11:43):
Uh. The roller coaster, Nomatter your age, no matter the amusement
park, it never ceases to bringthe emotional goods, the anticipation, the
excitement, and then the fear andadrenaline rush that comes with the king of
all rides can be said when itcomes to your retirement, lots of questions

(12:03):
and concerns that for some can feellike a roller coaster. Will you be
able to continue to live as comfortablyas you do now? Will you have
complete financial independence? Will you runout of money? How about taxes,
social security or healthcare? David andTravis Shepherd and the team at Shepherd Wealth
Solutions can answer these questions and morewith their financial lab called two two five

(12:24):
four six five one zero six tofive. That's two two five, four
to six five ten sixty five.Call Shepherd Wealth Solutions today and let's save
the fear and adrenaline rush for theamusement park. Hey, this is David
Shepherd with Shepherd Wealth Solutions. Iwanted to take a minute and talk to
you all about the Financial Lab andwhat we do and why is it important.

(12:46):
You know, this market is goingup, it's going down. It's
still volatile out there and it's verydangerous and it's hurting a lot of people
out there. So if you're thetype of person that can see this,
you know, interest rates are fixingand go up, federal reserves rates and
interest rates, so you know themarket is probably going to react to it
and go down. But are yougoing to sit there and just take that
ride? Yeah? So the FinancialLab is designed for somebody who wants to

(13:07):
pursue the information they need to makethe best choice to secure their financial future.
You want to be proactive about decisionmaking. You want to be proactive
about managing risk so that you canmake sure that your life in retirement is
the life you want it to beand not the one that mister Market and
his wild roller coaster gives you.It's going to set you up so that
you can make the most informed decisionof how to protect, grow, and

(13:28):
reduce taxes on your wealth for yourlife in retirement. And if that's the
person you are, and you're outthere and you're sitting there thinking, is
the financial lab right for me?Is this something I should take the time
and do. You absolutely should doit. But if you're the kind of
person who's, yeah, well,this time might be a little different,
and you know, I really don'twant to kind of approach it at this
time, and maybe I'll wait forthis and maybe I'll wait for that,

(13:50):
then this financial lab is not foryou. It's for people who want to
be proactive in making sure that theytackle the problems that they see lying ahead,
or be proactive and ensuring that they'redoing the best they can with the
assets they have. So if you'reone of those proactive people, you want
to guard against future market volatility,make sure you have a retirement that as

(14:11):
an income that's sustainable and increasing.You want to protect what you need for
income, grow with the money youhave for the future, and reduce taxes
where you can then come in anddo the financial lab. If you'd like
to come in for your very owncustomized financial lab, give a call right
now. Two two, five,four, six, five, ten,
sixty five. It's two two fivefour six five ten sixty five. The

(14:33):
website Shepherd Wealth Solutions dot com.Call today and find out what David and
Travis Shephard cook up for your retirementwith a customized financial lab called two two
five four six five ten sixty five. Now let's get back to the show.
We appreciate you joining us here forthe financial lab. My name is
Jessica alongside David and Travis Shepherd ofShepherd Wealth Solutions. The phone number two

(14:58):
two five six five one zero sixfive two two five four to six five
one zero six five of course,the website Shepherd Wealth Solutions dot com.
You know, I feel like formonths we've been talking about our re inter
recession as a recession coming, whatare we supposed to do well? It
turns out no one's got a crystalball. No one is certain, and

(15:20):
that even includes legendary investor Peter Lynch. Here's what he recently told CNBC.
Well, we've had thirteen recessions sincewor War two, and we've had thirteen
recoveries. If this is a recession, it's probably the most predicted one ever.
I'd love to know the future.I'd pay five extra dollars for next
year's Wall Street Journal. I cannotpredict the future, but this one,
this recession is so expected, sopredicted. Maybe it's coming. I don't

(15:43):
know. Well, maybe it's coming. I don't know. I'm with him
and I guess. Really, thebottom line is if we all knew the
future, life would be a littleless complicated. But there's got to be
something that we can do to takethe guests work out of it, versus
just writing this crazy volatile market.You know, these volatile markets lead to
a recession. I mean when themarkets go down, I mean that's the

(16:04):
beginning of a recession right there.Yeah, marcuts don't crash until they're oversold,
And you know, what do youdo? That's the thing, you
know, all that volatility out there. I mean, we're getting a lot
of people in here. They're very, very worried. And what are they
worried about their money in the market? And I would say this all the
time. If you're worried about yourmoney in the market, maybe you got
too much money to market. Butwhat they don't know is where to put

(16:26):
that money to make it grow,so they don't have the volatility. So
we had mister outcome in when you'reout of town dad. And one of
the things he has to do waspull up his portfolio from that he used
to have his old one before hemet us. And one of his main
reasons for making the switch, ifyou remember, as he was really concerned
that him and his wife are headinginto retirement. The markets are volatile,

(16:48):
and he knows he's got enough moneyto make it as it is. What
he's worried about is having another bigtwo thousand and eight kind of draw down
his first couple of years in retirement, not being able to recover from those
losses. That would kill his fun. But yeah, that would definitely kill
his fun. So when we didthat, we took a look at it,
and based on what we switched up, looking at his portfolio and adding

(17:10):
in that the annuity for protection andsome income, he was down a lot.
Like he was probably down close tohis old portfolio, down almost twenty
eight percent or so. Well,that's most people out there, and they're
down thirty seven percent or more aretwenty percent at least right now. I
mean the S and P and theNASDAC. I mean it's making a little
Delo rally. Yeah, golttle rally, but is it got legs a stand

(17:33):
on, I don't know. That'swhat a recessions on. And that's exactly
what Al said. He said,you know, the biggest difference for me
and since we made the switch islike peace of mind, you know,
knowing that a portion my portfolio isthere and it's able to grow in the
markets there to give me growth.But another portion is there and it's able
to give me predictable consistent income likemailbox money income, he said. And
then you know we've got another portionthere that's safe. So right now our

(17:56):
markets of volatile, we're not pullingout of my growth porfolio. We're pulling
out of my safe portfolio for myfun money. So it's a basic ABC
plan. It's basic ABC. Youknow, tell him what the ABC stand
for. Well as income, yougotta have that first be is growth.
You gotta grow your money if youwant to live long for a long time,
and see if you got to havesome safe money because things that can
go up and come down and youwant to have a place to pull from
when the market doesn't want to giveit to you. So it's having those

(18:18):
different income streams. That's why youknow we preach and preach multiple income stream.
Yeah. So I mean, misterAllen's super happy and now he's gonna
be excited to see and tell youabout the review because he was looking forward
to seeing you when you were outof town. But you know, we
were talking the other day about oneof the ladies that you said whom it's
a story you called it you can'ttake it with you kind of thing.
That would probably be a good oneto bring up. Again, we haven't

(18:38):
talked about her in a while.She came in with a big problem.
Her husband died prior you know,to seeing us, and she had this
pension. It was like a nicepension about nine are grant and her problem
was she didn't have him. Ifshe took the pension, she didn't carry
on to her kids. Yeah,she wanted to take the monthly income because
she wanted it. She didn't income. She wanted to die to needs the

(19:02):
income right, But she didn't likeit because it was a life only She
going to do life only right,which means when she dies, nobody else
gets or she could have done ajoint life with her husband. He's deceased,
so now that's not an option.So how does she get the pension
income monthly and pass it on tothe kids. So we brought her in
and we started looking at solutions,and one of our solutions that she liked

(19:25):
the best was we put it ina safe investment strategy inside of an annuity
and we got u an income startedand this income actually increase because we tied
the income monthly income to any marketincreases would increase her income. And once
her income went up, it nevergoes back down. So we did two
things. We got her money inmonthly distribution for a very good monthly income.

(19:49):
The monthly income goes up every timethe market goes up, it never
goes back down. And also,Jessica, she passes away and she didn't
live long enough to all that moneywe were paying her. It passes on
to the kits. Fantastic problem solved. Ye, I mean, there's just
a simple ABC point. We dothese all the time with the financial lab
at part as income, it's numberone priority. We took care of that

(20:12):
using the annuity structure which had increasingincome, which is a really nice benefit,
and that really helped her because wedid look at doing the annuity mix
with like a dividend portfolio and shejust doesn't kind of like the she doesn't
like the ups and downs, youknow, on the flow. Yeah,
when it came to her income,and one of her big points, and
I thought it was really smart ofher, was she was talking about the

(20:34):
year twenty twenty with COVID, remember, and how some of the nuity companies
were reducing their their dividends, soshe didn't. So anyways, that wasn't
her cup of tea. So theincome route was definitely more appropriate for her.
And then of course you don't haveto we don't have to use it
all there. The good thing forher is not all her money had to
go in there to create income fromthis annuity. So the money that was

(20:56):
left over, we create a growthaccount, growth strategy. You know,
some of the markets doing really well, she gets some growth with it,
and you know, good times.She takes her fun money from the the
growth account and see, of courseis well, times will always be good
in the market, so you're gonnaneed some more safe money. And so
she has that set up. Sowhen the markets are going down, she
pulls from her safe money account andthat's where she goes and spends her fun

(21:18):
money. And the best part isat the end of the day, when
she's not here to enjoy that moneyanymore, her family is going to get
it. You know what the ABC'sof retirement right there. You know,
hey, I want to ask you, didn't we get a hug out for
that appointment. I believe we did. We did get a huge listen,
a plan of her retirement as easyas ABC in one two three, Right,

(21:40):
I think the Jackson five said that, So think, yeah, if
you want to come in and findout how to make retirement right for you,
I'm talking about right R. IT talking about risk, income taxes,
and estate planning, you gotta havethe ABC plans and again, guys,
A is for income RIGHTE. Bis for BS for risk management and

(22:00):
see and see as four safe moneyawesome. Well, you guys can always
come in right now and get thatABC plan for your retirement. Again,
retirement planning easy as ABC one twothree. You can't go wrong. The
phone number again two two five fourto six five one zero six five again
two two five four to six fiveones you wrote six five guys For those

(22:22):
that are thinking, all right,I'll come in for this meeting. I
have some questions or you know,they're right. I've been worried about,
you know, my risk in themarket and you know, getting that guaranteed
income. What's that first time meetingwith you guys like yeah, Jessica,
we try to take the stress outof retirement. When you come in,
We're gonna try to come together andshow you a stress free retirement and how
to make your retirement more stress free. So what do we do, Travis,

(22:44):
Well, the first thing we gottado is we definitely need to take
a look at your taxes. Iknow everybody likes that to be an afterthought,
but for us, that's a fourthoughts. First things first, Lets
let's take care of taxes and figureout how much you Uncle Sam now and
how much you might own in thefuture. Because your money is not all
your money out the gain home.Sam wants a piece of the pie.
So bring your taxes, Bring yourtaxes, Bring your taxes, and then

(23:04):
you know, here's how retirement works. We need to know what you want
to spend. Come in with anidea what you want to spend. We'll
send you the financial work book thathelps guide you down your everyday expenses.
Have some fun stuff in there.I mean, what's the point of having
this money if you're not gonna doanything fun with it, right, So
try to have a trip or twolined up, or some memories you want
to make, or something maybe charitableyou want to do. That'd be great.

(23:27):
And then so now we know howmuch you want to spend. We
got to know what you got,right, bring some statements in. We
need to be able to see whatdo you have, Where is it saved?
You know, how is it goingto be taxed? Make sure you're
bringing your statements that show the individualinvestments. You know, if you're invested
in Tesla or Xon or whatever.We want to see that how many shares

(23:48):
your own, so we can runyour risk and reward map and figure out
if you can you know, overpaidor underpaid for the amount of risk you're
taking. And that's really it.If you're married, bring your spouse who
heads it better than one. Plus. I don't want you to have to
you know, I don't want youto come in like me and sends me
somewhere and I forget to ask theone question she sent me there to ask,
and I get it when I gethome, you know, so you

(24:10):
know, definitely bringing your spouse andlook at all jokes aside. It's important
for you both to come in,whether it's for the first meeting or every
meeting there after, because you know, you spend your lives together and one
day there there's going to be thattime where one of you is going to
be left, and we want tomake sure that both of you know what's
going on. You know you havea plan and it's there for you both,
so make sure you get the inputand you know how to use it.

(24:32):
I can't tell you enough. Youbuilt this wealth as a team.
You need to spend it and livelife together in retirement as a team.
So yeah, that's it. Bringthose things in taxes, statements, how
much money you want to spend,and bring your spouse. Yeah, it's
not a pressure appointment. We actuallyhave a lot of fun in our appointments.
It's a discovery. Let's get itdone. I love them to discovery
and getting you on the road tooand through retirement two to five, four

(24:56):
to six five one zero six fivein today for that ABC plan and get
retirement right two two five four sixfive one zero six five. The website
Shepherd Wealth Solutions dot Com. Theconversation continues, stay right here We'll be
right back for more of the FinancialLab. When you retire, that regular

(25:18):
paycheck from your job is going tostop, but you know what won't stop
your bills. That's why you needto make sure you still have money coming
in after you retire. David andTravis Shepherd of Shepherd Wealth Solutions can help
you convert your retirement savings into incomefor life. That way, you can
focus on what really matters, likespending more time with family, meeting friends

(25:42):
for lunch, and doing all thosethings you never had time to do before.
Call Shepherd Wealth Solutions today at twotwo five four six five ten zero
six five. That's two two fivefour six five ten zero six five,
or visit Shepherd Wealth Solutions dot com. What's a retirement mean to you?
We'd love to hear from you.Two two five four six five ten sixty

(26:04):
five. Now let's get back tothe show, The Financial Lab with David
and Travis Shepherd. Hope you're enjoyingyour weekend. We appreciate you joining us
here for yes the Financial Lab withthe father and son team David and Travis
Shepherd. My name is Jessica.You can always get more details at Shepherd
Wealth Solutions dot Com. The phonenumber. We do have a team member

(26:26):
available to take your call off theair. Two two five four to six
five one zero six five two twofive four to six five one zero six
five. On today's show, we'regoing to talk about learning from other people's
mistakes when it comes to retirement planningand how can you get that guaranteed income
in retirement that much more. Butguys, welcome, How you doing doing

(26:48):
great? Back from Hawaii? Huhrun with the turtles, Big Travis holding
down to Ford over here. Yeah, you know, there's no place like
Tom Buddy. Oh yeah, you'reready to come home. Not at first,
but you know, after a fewdays over there, I'm missing home
years being over there. Seeing acouple of the costs of living out there.

(27:08):
Oh my god, they're still overfour hours a gallon for gas out
there. I remember, I gotto I remember we went to Hawaii years
ago, but I remember even then, like the gases like three something a
gallon, which was super high backthen. Yeah, it's expensive. It's
beautiful, but it man, it'sexpensive. Well you pay for that Paradix.
I was just gonna say, youare paying for every inch of it.

(27:29):
I mean whether it's gas or acup of coffee. I mean,
the prices out there are outrageous,so they have hidden fees in paradise.
Huh oh god, I did noticethat, you know, are snorkeling cruise.
They sailed more than the cruise boy, than they hit saving the gas.
They are using God's Hey, butit was a windy day, man,
if they were cutting it there thereyou go. Well for some listening,

(27:52):
might go, Man, Hawaii's onmy on my bucket list. You
know that's something that when I comein and sit down with David and Travis
and do this financial lab they talkabout. I want to make sure we
get to the good part talking aboutthat bucket list and guys, this is
something that David, you've been doingfor decades. You was well, Travis,
and you know that is really almostone of the most exciting parts is
saying, hey, mister and missusSmith. First of all, you're gonna

(28:14):
have you know, income for life, no worries there, have that confidence.
But also, let's look at thislist of things you want to accomplish
and let's start checking some of thoseoff right right, absolutely good? While
you're mobile, what's our what's oursaying you got the go go years and
the not so go and then thenyou go years the ghost some years,
and yeah you got kind of theno go years. So you know,

(28:37):
if you don't want the no goyears to happen because you don't have a
money or a plan put together tomake it happen, right, I mean,
that's that's the whole reason. Whenyou come in do your financial lab
we're gonna we're gonna ask you theboring stuff, right Joe Friday, just
the facts, ma'am. But atthe same time, that's like you're you
know, you're basic things utility bills, food, water, shelter, that
kind of stuff, like what you'regonna spend on that? Right, Well,

(28:59):
we have a big part of thelike, hey, what's the fun
money stuff? Where do you wantto go, what do you want to
do, experience memories you want tomake with your family and your loved ones.
Oh, you know, and thenlet's put a plan together and make
those things happen. It's part aplan. You don't have to worry if
you got a plan. You knowthat income's coming in every month, you
know. And Travis came up witha new slogan slogan, let's do retirement
right. He spells right, RI TE what's the stand for traps?

(29:22):
Well, you want to get retirementright. That means you got to address
risk, income taxes, and estateplanning. You get a plan, You
get all those pieces of the puzzleworking together, and you're going to get
retirement done right. So it's right, R R I TE, risk,
income, taxes, and estate planPretty cool. I like it. I
love it. Yeah. And ifyou want to find out how to retire

(29:42):
right, this is how easy itis. You call right now for this
financial lab, and let me tellyou something about the lab. It's going
to be customized to your specific situation. And when they run this lab,
they're going to be able to puttogether a couple different analysis. I know
you guys do like a tax analysisand income analysis. You give me a
little more detail about the financial laband what it includes. The financial lab

(30:03):
is going to include. Number oneis looking right now, especially as risk
right taking? Look at how muchrisk are you taking? Rights? Uh,
that's things like, um, mostpeople know their average yield. I'm
gonna make seven percent, you know, on average every year in their investments,
But most people don't understand is howmuch risk they're taking to get that.
Most people are finding out how muchrisks they have in their portfolios right
now. They have been for aboutthe last year. You know, it

(30:26):
were like the last four months like, oh god, thank god, somebody
gave me a little mercy because marketshave moved back up. But you know
that happens a lot. In twothousand and one, we had bear We
had I think it's eleven bear marketbounces. One of those was a forty
one percent bounce off bottom and thenthen mark continue to give it all back
and then some for the next sixmonths. Yeah, So that's that's kind

(30:48):
of things that happened in bearer markets. We'll see how this one shakes out.
But the number one thing right nowis a risk. How much risk
am I taking? What's my maximum? Draw it out of another dot com
bubble or another O eight crash kindof scenarre develops, and then you know,
after that, it's it's income.I mean, retirement is all about
income. And why is a riskimport when it comes income? Well,
if you're pulling your money from themarket and you got a lot of risk

(31:08):
embedded in there that you didn't knowyou had, you could be having to
take money out of your account whenyour account when mister markets already taken some
first. So you're having to pullout of your account when it's already drawn
down by mister market. And that'sa one two combo punch I can knock
you out. Other part of thatis, like you said, justice is
taxes. Taxes tend to be anafterthought for most people, like, hey,
I'll just handle it when we getthere, right, you know,
are April thirteenth. You know mostpeople are surprised when you talk taxes with

(31:32):
them, right, yes, yeah, so they're they're not ready for that.
They don't they didn't even think aboutit. It's an afterthought. It's
like, yeah, I'll handled thatlater. That's a wonderful problem. Today's
today's day's may. I ain't gottaworry about that right now, I'm done.
One of the biggest mistakes most retireesmake is taxes. They just don't
plan for it, and then theyfind out from their CPA how much they
owe and they're like, what exactRemember that house she took and paid off

(31:56):
out of your four oh one K? You remember that you get paid off
the car? Remember, They're likeIt's like about you and your wife going
on a date and you're gonna goto nice dinner somewhere, right and here
in bat Rouge, pick your restaurant, your favorite one, you got to
eat there, and they bring youthe bill and instead of a bill for
two, it's a bill for three. Yikes, right, because it's you,
the misses and Uncle Sugar right right, IRS is right along there with
you, and they don't eat offthe kids menu, right, They've help

(32:17):
the adultment you. So yeah,but yeah, taxes tend to be an
afterthought. That's probably the biggest mistakespeople make is they put the tax planning
to the back end of the process. Right, We actually take taxes and
bring it to the front end ofthe process. So instead of being an
afterthought, it's a fourth thought.We want to have that fourthought of planning
for taxes because if you would justpay attention to your taxes, the IRS

(32:37):
will tell you how to pay lessto the irs. So let me give
you any quick example of having taxesas a fourth thought instead of an afterthought.
So we had a couple, let'sjust call them Jack and Jill,
and they're going to get up thisretirement hill, right, um, so
what were the pail of water?Say, buckets of money, because we
do we do buckets of money,right, and so Jack and Jill they

(32:58):
have they have they have money inall three the buckets, right. They
got some tax deferred bucket money,your four oh one case four three vs.
Step simbols, all those IRA things. They've got taxable bucket. And
that's like your brokerage account, you'reyou know things you get ten ninety nines
on. And they got a littlebit of tax free money. And Jacket
really loves his tax free bucket ofmoney. The problem is, guess which

(33:19):
buckets the smallest? Kay free thetax free one. Yes, yeah,
like most people. So, butthat's not I got Jack and Jill to
come on our office in the firstplace. The first thing they got them
come in their office was Social Security. They wanted to take soule scurity at
sixty two. This is a numberof years ago, but when the Soul
Security administration first started talking about,you know, running a deficit down the
road. So he's like, Jackand Jo're like, look, we want

(33:43):
to get our money out while wecan, but while there's still money left
in there. I'm like, youknow, that's a valid that's a valid
concern, So let's let's run itright. So we go ahead and we
run the financial lab. They broughtin their taxes, their investments, all
their buckets of money, right,and we take a look at it.
And they say when the financial labresults came back and say, look,
Jack, Jill, you absolutely canget up the retirement hill by taking soul

(34:05):
security at sixty two. However,there is a little problem as you give
about three quarters away up the hill. There's this thing called RMDS at seventy
and a half that you're gonna haveto take out and it's going to create
a monster tax burden for you inyour later years in retirement. And we
share with them how much they haveto be taking out, like thirty thirty

(34:25):
four thousand dollars first year out thegate taking money out for rmds and getting
taxed on it when they didn't needthe income in the first place. And
that's going to really create a bigtax time bomb they got to take care
of. So we said, look, we started, you know, doing
the lab process. We run ina number of different ways, and here's
another way that we'd like for youto consider. And the only difference if

(34:45):
for Jack is you got to putoff your soul security for three years,
so instead of taking at sixty two, you're gonna take it to sixty five.
And by doing that, what allowedus to do is allowed us to
get Jack and Jill from age sixtyfive through age seventy and a half zero
tax bracket. And in fact,they had about ten to twelve thousand dollars
a wiggle room inside that bracket.So guess what we did with it,

(35:07):
move some more money to his taxfree bucket. Yeah, we took some
money that taxed the Ferd bucket andmoved it over to his tax free bucket
in the form of a Roth conversion. He played pretty much zero income tax
on those conversions. In fact,Jack liked that so much. Guess what
he did. He had us runanother plan or removed even more money from
his tax tax to Furd buckets histax free bucket. And that way Jack

(35:27):
and Jill still got out the retirementhill. But there wasn't that R and
D tax time bomb waiting for himright there at seven and a half.
So you know, that saved himtens of thousands of dollars out you know,
every year from seven and a halfon because of his uh, because
of mitigating that that RMD. Soit's a really great example of you know,
sole security is not always about howmuch you're gonna get when you're gonna
get it, but how much youget to keep. And that's true for

(35:49):
all your money. You know,you might have a whole bunch of money
inside your four oh one K andyou think you're going on retirement date for
two and then you find out it'sa really retirement for three because of the
IRS. You really need to havethe taxes put up front, and the
financial lab planning process will help youto figure that out. Yeah, so
we put Jacking back in control ofhis money and jam the irs. So
he came skipping down the hill andstart rolling That's right. Yeah, it

(36:12):
set of rolling down the hill isJack and Jill skipping on the hill.
That's right. That's what I liketo see. That's right. You know,
And if you're out there and you'reyou're concerned, you're kind of like
Jack and Jill and you're thinking aboutsal security, You're thinking about taxes,
about how am I going to youknow, make my money last as long
as we do and enjoy it.In retirement. I'd encourage you to get
in here find out how to makesure that you're managing your risk properly.

(36:34):
You've got a good income plan.That's not only income that you're gonna get
to use, but income you getto keep right. I mean, you
know, it's not just a numberon a piece of paper, it's an
actual dollar you get to spend,mitigate and minimize your taxes where you can,
and have a plan for that forwhenever you know, one of the
spouses in here, or eventually maybeif you leave some for the kids,
the IRUs doesn't get a big chunkof it. You know, get retirement
right and we can help you todo that by doing the financial lab process.

(36:59):
And if you'd like to come infor that financial lab and as we're
talking about here, get retirement rightour ites so you're taking account for risk,
income, taxes, and estate planning. Two two five four six five
one zero sixty five is the phonenumber two two five four six five one
zero six five Again, don't forgetabout that website Shepherd Wealth Solutions dot com.

(37:22):
Coming up next. Is it possibleto recession proof your retirement income plan?
Think about that. We'll be rightback. We all want our money
to grow without the risk of losinganything. But with interest rates so low,
it's hard to find safety in cashor bonds. At Shepherd Wealth Solutions,
this is what they call dead money. They see it all the time,

(37:42):
outdated portfolios of sixty percent stocks,forty percent bonds, or some kind
of cash stash on the sideline.If you have this kind of setup,
it basically means that forty percent ofyour money is doing nothing. At Shepherd
Wealth Solutions they have an answer.Principal Protected money off bring you return while
also helping you lower your risk.Called David and Travish Shepherd Today two two

(38:05):
five four six five ten sixty fivefor a complimentary portfolio review and put your
dead money to work two two fivefour six five ten sixty five or Shepherd
Wealth Solutions dot Com. Planning forretirement could be confusing and overwhelming. Good
news is David and Travis Shepherd,the father's son team of Shepherd Wealth Solutions.

(38:27):
They are here to help you out. Annuities sometimes get a bad rap.
People run for the hills and theyhear it, But partially it could
because they don't understand all the insand outs. I mean there's like a
million different annuities and they do certainthings and sometimes it's a fit for you.
Sometimes it's not. People that usuallydon't like annuities have annuities aren't accomplishing
the goals that they want. Theygot in and they didn't have a purpose

(38:50):
in mind. Yeah, sometimes theygot it because they earned it right,
knew it was a bad annuity.Sometimes it's bad for people, but other
times it can be very good too. It can give you a sustainable income
that you don't have to worry aboutand put you on automatic cruise. You
know, as far as income streams, it's it's it can be very useful
for that. Yeah, f biascan accumulate a little a good bit of
money without having market risk. Soyou know, it really depends on the

(39:12):
portfolios and with the purpose of themoney. We have a lot of tools
in the tool chests. Annuities arejust one of them. Many people come
in for their labs and they havetoo much in annuities, wouldn't you say,
Travis, Yeah, they too muchor they have the wrong type how
to get out of them? Soyou need to get in them. Everybody's
in a mixed bag. It's notit's just one tool for everybody. Yeah,
it really depends on the person.And part of the lab is to

(39:32):
find out if you own annuity.Okay, well do you have the best
annuity? You have a good annuity, or do you have one you need
to consider an exit strago on you. We did one for a guy the
other day. He is in hislate sixties and um, and they had
an advisor who put them in anannuity and he has to wait ten years
before you can say income from theannuity. Wow, income, here's the
kick. We did buy a francome. Here's the kicker. Though he needs

(39:53):
the income today, right, buthis advisor on an income for ten years
from now, Yeah, it doesn'thelp him at all. And so and
now he's having to drain down therest of his assets in order to try
to make it ten years and rightnow it's not looking so good, you
know. And that is an perfectexample of like annuities, you would hate
you you'd hate it because somebody putyou into it and they didn't align the

(40:14):
purpose with the tool. Yeah,you know, And I'm lucky for him.
There's an extra strategy that we've beenable to discover and it's going to
help him out and it's going tomake his life a lot better. But
you know, sometimes it comes inand maybe maybe he couldn't have I was
just gonna say, if he'd waitedtwo more years until you right now,
if he'd waited two more years,we couldn't have helped him. He'd just
have to spin down. But yeah, things change and then you need to

(40:35):
pivot change and the tools. Youknow, you need to rearrange your tool
tools that you're using out of thetoolbox. Um, you know, but
I knew it to use. They'renot bad. They just need their tool.
You don't know when to use them, to use them. Make the
Financial Lab a part of your weekend. Get more details at Shepherd Wealth Solutions
dot com. The phone number twotwo five four six five ten sixty five.

(40:57):
Getting Uncle Sam and Wall Street outof your pocket, Let's get back
to the Financial Lab with David andTravis Shepherd. We appreciate you joining us
here for the Financial Lab. Myname is Jessica alongside David and Travis Shepherd
of Shepherd Wealth Solutions. The phonenumber two two five pho or six five
one zero six five two two fivefour to six five one zero six five

(41:20):
of course the website Shepherd Wealth Solutionsdot com. You know, I feel
like for months we've been talking aboutour inner recession, as a recession coming.
What are we supposed to do well? It turns out no one's got
a crystal ball. No one iscertain, and that even includes legendary investor
Peter Lynch. Here's what he recentlytold CNBC. Well, we've had thirteen
recessions since World War Two, andwe've had thirteen recoveries. If this is

(41:44):
a recession, it's probably the mostpredicted one ever. I'd love to know
the future. I'd pay five extradollars for next year's Walla Street Journal.
I cannot predict the future, butthis one, this recession is so expected,
so predicted. Maybe it's coming.I don't know. Well, maybe
it's coming. I don't know.I'm with him, and I guess.
Really, the bottom line is,if we all knew the future, life
would be you know, a littleless complicated. But there's got to be

(42:06):
something that we can do to takethe guests work out of it, versus
just writing this crazy volatile market.You know, these volatile markets lead to
a recession. I mean when themarkets go down, I mean that's the
beginning of a recession right there.Yeah, margauts don't crash until they're oversold.
And you know, what do youdo? That's the thing, you
know, all that volatility out there. I mean, we're getting a lot

(42:28):
of people in here. They're very, very worried and what are they worried
about their money in the market?And I always say this all the time.
If you're worried about your money inthe market, maybe you've got too
much money to market. Yeah,but what they don't know is where to
put that money and make it grow, so they don't have the volatility.
So we had mister Alcolman when You'reout of town died and one of the
things he has us to do waspull up his portfolio from that he used

(42:49):
to have his old one before hemet us. And one of his main
reasons for making the switch, ifyou remember, as he was really concerned
that him and his wife are headinginto retirement. The markets are volatile,
and he knows he's got enough moneyto make it as it is. What
he's worried about is having another bigtwo thousand and eight kind of draw down
his first couple of years in retirement, not being able to recover from those

(43:10):
losses. That would kill his fun. But yeah, that would definitely kill
his fun. So when we didthat, we took a look at it
and based on what we switched up. So when we looked at it in
December, Man he was down alot, like he was probably down close
to his old portfolio, down almosttwenty eight percent or so. Well,
that's most people out there, andthey're down thirty seven percent or more are

(43:30):
twenty percent at least right now.I mean the S and P and the
NASDAC. I mean it's making alittle rally. Yeah, it got little
rally, but is it got legsa stand on? I don't know.
That's what a recessions on. Andthat's exactly what Al said. He said,
you know, the biggest difference forme and since we made the switch
is like peace of mind, youknow, knowing that a portion my portfolio

(43:50):
is there and it's able to growin the markets there to give me growth.
But another portion is there and it'sable to give me predictable consistent income
like mailbox money income. He said. And then you know we've got another
portion there that's safe. So rightnow our markets are volatile, we're not
pulling out of my growth porfolio,were pulling out of my safe portfolio for
my fun money. So it's abasic ABC plan. It's basic ABC.
You know, tell them what theABC stand for. Well as income,

(44:13):
you gotta have that first be isgrowth. You gotta grow your money if
you want to live long for along time, and see if you got
to have some safe money because thingsthat can go up and come down,
and you want to have a placeto pull from when the market doesn't want
to give it to you. Soit's having those different income streams. That's
why you know we preach and preachmultiple income stream Yeah. So, I
mean, mister Allen's super happy andnow he's gonna be excited to see and
tell you about the review because hewas looking forward to seeing you when you

(44:35):
were out of town. But youknow, we were talking the other day
about one of the ladies that yousaid, who it's a story you called
it. You can't take it withyou kind of thing. That would probably
be a good one to bring upagain. We haven't talked about her in
a while. She came in witha big problem. Her husband died prior
you know to seeing us, andshe had this pension. It was a
nice pension about nine are grand andher problem was she didn't have him.

(44:58):
If she took the pension, itdidn't carry on to her kids. Yeah,
she wanted to take the monthly incomebecause she wanted it income. She
wanted to die. She needs theincome right, but she didn't like it
because it was a life only Shegoing to do life only right, which
means when she dies, nobody elsegets. Or she could have done a
joint life with her husband's he's deceased, so now that's not an option.

(45:20):
So how does she get the pensionincome monthly and pass it on to the
kids. So we brought her inand we started looking at solutions, and
one of our solutions that she likedthe best was we put it in a
safe investment strategy inside of an annuity, and we got an income started.
And this income actually increased because wetied the income monthly income to any market

(45:43):
increases would increase her income. Andonce her income went up, it never
goes back down. So we didtwo things. We got her money in
monthly distribution for very good monthly income. The monthly income goes up every time
the market goes up. It nevergoes back down. And also Jessica,
Yeah, she passes away and shedidn't live long enough to enjoy all that

(46:04):
money we were paying her. Itpasses on to the kits. Fantastic problem
solved. I mean, there's justa simple ABC point. We do these
all the time with the financial labA part as income, it's number one
priority. We took care of thatusing the annuity structure which had increasing income,
which is a really nice benefit.And that really helped her because we
did look at doing the annuity mixedwith like a dividend portfolio, and she

(46:28):
just doesn't kind of like the shedoesn't like the ups and downs, you
know, on the flow. Yeah, when it came to her income and
one of her big points and Ithought this was really smart of her.
Well, she was talking about theyear twenty twenty with COVID, remember,
and how some of the nuity companieswere reducing their their dividends, so she
didn't so anyways, that wasn't hercup of tea. So the income route

(46:49):
was definitely more appropriate for her.And then of course you don't have to
we don't have to use it allthere. The good thing for her is
not all her money had to goin there to create income from this annuity.
So the money that was left over, we create a growth account and
growth strategy. You know, someof the markets doing really well, she
gets some growth with it, andyou know, good times. She takes
her fun money from the the growthaccount, and c of course is well,

(47:12):
times will always be good in themarket, so you're gonna need some
more safe money. And so shehas that set up. So when the
markets are going down, she pullsfrom her safe money account and that's where
she goes and spends her fun money. And the best part is at the
end of the day, when she'snot here to enjoy that money anymore,
her family is going to get it. You know what the ABC's of retirement
right there. You know, hey, I want to ask you, didn't
we get a hug after that appointment? I believe we did. We did

(47:35):
get a hug. Dude. Listen, the plan of her retirement as easy
as ABC in one, two three, Right. I think the Jackson five
said that stuff. I think,yeah, if you want to come in
and find out how to make retirementright for you, I'm talking about right.
R it Te talking about risk,income taxes and estate planning. You
gotta have the ABC plans and again, guys, A is for income righte

(47:58):
B is four dece for risk managementand growth and see and see as four
safe money awesome. Well, youguys can always come in right now and
get that ABC plan for your retirement. Again, retirement planning easy as ABC
one two three, you can't gowrong. The phone number again two two
five, four to six five onezero six five again two two five four

(48:19):
to six five on zero wrote sixto five. Guys. For those that
are thinking, all right, I'llcome in for this meeting, I have
some questions or you know, they'reright. I've been worried about, you
know, my risk in the marketand you know, getting that guaranteed income.
What's that first time meeting with youguys Like, yeah, Jessica,
we try to take the stress outof retirement. When you come in,
We're gonna try to come together andshow you a stress free retirement and how

(48:42):
to make your retirement more stress free. So what do we do, Travis,
Well, the first thing we gottado is we definitely need to take
a little bit of taxes. Iknow everybody likes it to be an afterthought,
but for us, that's a fourthoughts. First things first, us,
let's take care of taxes and figureout how much you Uncle Sam now
and how much you might own inthe future. Because your money is not
all your money the gate all Samwants a piece of the pie. So
definitely, bringing your taxes. Wewant to take a look at that.

(49:04):
I want to see what you're currentlydoing. In fact, you know,
bring your taxes, Bring your taxes, Bring your taxes, and then you
know, maybe here's how retirement works. We need to know what you want
to spend. Come in with anidea what you want to spend. We'll
send you the financial lab work bookthat helps guide you down your everyday expenses.
Have some fun stuff in there.I mean, what's the point of
having this money if you're not gonnado anything fun with it? Right?
So try to have a trip ortwo lined up, or some memories you

(49:28):
want to make, or something maybecharitable you want to do. That'd be
great. And then so now weknow how much you want to spend.
We got to know what you got, right, bring some statements in.
We need to be able to seewhat do you have, where is it
saved? You know, how's itgoing to be taxed. Make sure you
bringing your statements that show the individualinvestments. You know, if you're invested
in Tesla or Xon or whatever,we want to see that how many shares

(49:52):
your own so we can run yourrisk and reward map and figure out if
you can you know, overpaid orunderpaid for the amount of risk you're taking.
And that's really it. If yourmarried, bring your spouse who heads
it better than one plus. Idon't want you to have to you know,
I don't want you to come inlike me and sends me somewhere and
I forget to ask the one questionshe sent me there to ask. I
get it when I get home,you know. So you know, definitely

(50:14):
bringing your spouse and look all jokesaside. It's important for you both to
come in, whether it's for thefirst meeting or every meeting there after,
because you know, you spend yourlives together and one day there there's going
to be that time where one ofyou is going to be left, and
we want to make sure that bothof you know what's going on. You
know, you have a plan andit's there for you both, So make
sure you get the input and youknow how to use it. I can't

(50:35):
tell you enough. You built thiswealth as a team. You need to
spend it and live life together inretirement as a team. So yep,
that's it. Bring those things intaxes, statements, how much money you
want to spend, and bring yourspouse. Yeah, it's not a pressure
appointment. We actually have a lotof fun in our appointments. It's a
discovery. Let's get it done.I love them. It's a discovery and
getting you on the road two andthrough retirement two to five, four to

(50:59):
six five one zero six five.Gin come in today for that ABC plan
and get retirement right two to fivefour six five one zero six five.
The website Shepherd Wealth Solutions dot Com. As always, will of hearing from
you and we hope you have agreat weekend. We'll see you next week.
Thanks for listening. Remember plan wellto live well. Travis Shepherd is

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an investment advisor representative of Retirement WealthAdvisors, Incorporated, an SEC registered investment
advisor. Shepherd Wealth Solutions, RetirementWealth Advisors and w JBO are not affiliated.
Exposure to ideas and financial vehicles discussshould not be considered financial advice or
recommendation to buy or sell any financialvehicle. This information should not be considered
tax or legal advice. Individuals shouldconsult with a professional specializing in the fields
of tax, legal accounting, orinvestments regarding the applicability of this information for

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their situation. Past performance is nota guarantee of future results. Any comments
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They do not refer in any wayto securities or investment advisory products.
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