August 21, 2025 • 27 mins
#SafeMoney #JonHeischmanSr #OrganizingYourAssets
You may have multiple accounts, income streams and other assets and in this week's replay episode host Jon Heischman, Senior talks about organizing those assets as you approach retirement.
Call Jon at (888) 426-0177 with questions, comments or to get a free copy of Top 10 IRA Mistakes and How to Avoid Tax Traps. Visit www.heischmanfs.com/ for additional information
You may have multiple accounts, income streams and other assets and in this week's replay episode host Jon Heischman, Senior talks about organizing those assets as you approach retirement.
Call Jon at (888) 426-0177 with questions, comments or to get a free copy of Top 10 IRA Mistakes and How to Avoid Tax Traps. Visit www.heischmanfs.com/ for additional information
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
People really don't know what their expenses will because they
don't know how long that they're going to live.
Speaker 2 (00:06):
The Americans are worried they won't have enough safe for retirement.
Speaker 3 (00:09):
Now more than.
Speaker 2 (00:09):
Ever, retirement's going to cost for many folks over a
million dollars. He is no short thing in investing, but
a lot of people think that annuities may come close
to that. It's going to more safe, safe, safe, safe
things that they know.
Speaker 3 (00:22):
If they know they're going to need that money to
supplement their retirement, well then you can't play that rest.
Speaker 2 (00:27):
This is the Safe Money and Retirement Show. But John
Heischman Senior, Founder and partner of Heisman Financial Services serving
the Columbus and surrounding areas. John specializes in educating pre
retirees and retirees about safe money strategies and ideas. Now
is the Safe Money and Retirement Show. Here's John Heischman, Senior.
Speaker 1 (00:47):
Good morning, and thanks for tuning in. I'm your host,
John Heischmann. As most of you know, I bring you
a half hour of information pertaining to retirement planning. This morning,
I want to talk about organizing your assets. Will you
(01:11):
have enough money for retirement? You spend your entire working
life hoping what you put into your retirement accounts will
help you live comfortably once you decide to leave the
workforce for good. The key word in that sentence that
(01:36):
I just gave you, and the word that can make
retirement feel like a looming problem instead of a rewarding
life stage, is hope. You hope you'll have enough money.
And that should not be the case, because leaving your
(02:01):
retirement up to chance, in my opinion, is unadvisable, and
I think that's the case in any standard from anyone.
But then why do millions of people find themselves hoping
instead of planning for a happy retirement, a secure retirement,
(02:27):
and no money worry retirement. Today, with the information that's
out there, the tools, professional advice, creating a successful retirement
plan can put you in control of your financial management.
(02:50):
Why isn't everybody in that situation? Could it be that
they haven't gone out to seek help, or they don't
have an advisor or whoever their planner is, the focus
is strictly on accumulating assets, growth interest rates, and not
(03:16):
the actual retirement planning. When we're talking about retirement income.
So while you may have built up your four oh
one K, let's throw in an IRA social Security benefits
and accumulated some non qualified money. Do you know what
(03:38):
your financial picture really looks like when we want to
turn those accounts around so they can generate income for us.
Structuring assets to create an income. Generating retirement requires different
(04:00):
approach than earning income while you are still employed, saving
money for retirement, which is what you have spent your
life doing, and planning your retirement. There are two different
things now, both are important, but earnings and wages compared
(04:26):
to saving money is different than creating a financial strategy
that accounts for your income needs and retirement. Let's add
the complexities of taxes, required minimum distributions r mds from
(04:49):
those IRA accounts, and how about legacy planning, and you
can quickly see why retirement planning becomes so important and
there needs to be a plan, a written plan with
focus and action. I have seen over my many years
(05:16):
in practice doing retirement planning. There are individuals that can
do their own planning. They've done a good job of it,
but that's not the majority of the people that even
try and don't get it right or just don't know. Well,
(05:39):
that's what I'm here for that's what Heischmann Financial Services does.
Between my son and myself, we have over fifty five
combined years experience, the expertise, the designations for retirement planning.
(06:05):
Whether it's our firm or another firm that does retirement planning,
the advice that can apply to your individual situation is invaluable.
And I have to say I am amazed at the
(06:26):
amount of people that are referred to us for a
discussion about retirement planning grows and becomes more and more
each year, and that simply tells me there are so
many people that need advice and not enough advisors out
(06:50):
there or too many of them will only work with
you if you have X amount of dollars built up
in retirement. So there's such a need for advice which
can take the hope out of do you have enough
(07:11):
money for retirement? Eight eight eight four two six zero
one seven seven. That's the number to contact me to
review your plan. And if you don't have a plan,
that's okay. That's something that we can talk about. Triple
(07:32):
eight four two six zero one seventy seven. Understanding how
to manage your asset it entails risk management, risk diversification,
tax planning, income planning preparation throughout your life stages. We
(07:58):
use these strategies gees because they can help leverage more
from each one of the hard earned dollars that you've
set aside for retirement. So a good example of hoping
that your retirement income is going to work out. Let's
(08:20):
take Social Security for example. Some people file for Social
Security on one of the days of their retirement, you know,
a little bit before, maybe right after. Others rely on
supplemental income from an IRA account, for example. But the
(08:41):
point is working with a financial professional that specializes in
retirement planning is going to help you determine when to
file for Social Security. What is the best time? Should
you use income from a qualified account or a non
(09:06):
qualified account to fill the gap until you do take
Social Security? And I have to throw in budgeting, debt reduction.
It's all part of the retirement planning process. It makes
a huge difference Today there's new ideas for retirement when
(09:33):
it comes to organizing your assets, advice about what to
do with your money, it's been around for a long time.
Hindsight allows us to see which advice was good and
which advice didn't. Cut the mustard some sources of advice,
(10:02):
like I say, have been around for a very long time,
while others there's some basic investment concepts that have stood
the test of time. Most strategies that work adapt to
changing conditions. They're flexible, adjusting to any market, any economy,
(10:25):
and most importantly, changing to your circumstances as things change
during your retirement. So I think more than ever in
today's world, a plan has got to be flexible. We
don't know what's coming at us in the future, good
(10:49):
or bad. So you must take a look at your
plan and see if it's flexible enough to where it
can be adjusted depending on the situation. Can I stop
income from one source and take income from another source.
(11:09):
The reality is that strategies that have worked in the past,
they have encountered more challenging new circumstances that have created
different approaches. Well, in a lot of ways, that's a
(11:31):
good thing, because I have seen innovative strategies that play
a big role in retirement planning, such as ways to
generate guaranteed lifetime income along with social Security and a
(11:52):
pension plan. But we have to organize your assets to
determine where that guaranteed income is going to come from.
And that's something we really want to focus on because
it can make such a difference during retirement and it
(12:14):
takes the hope out of will I have enough money
to last through retirement. I hope all of my listeners have,
somewhere along the line, prior to retirement or in retirement,
have looked at these sources of guaranteed income that can
(12:35):
be generated. And if you haven't, it's time for you
to see if it can be generated from any of
the retirement assets that you have. You've heard me talk
about building a floor of incomes many times because it
(12:59):
takes the hope out of retirement planning. It helps to
organize your retirement assets. It prepares you for the future
regardless of what comes our way. And if you haven't
looked at these guaranteed income sources again, you really should,
(13:24):
and I want you to call me. If you haven't,
we'll talk about it. It may or may not apply,
you may or may not need it, but you at
least need to take a look at it. Adaight eight
four two six zero one seven seven. That's the number
(13:45):
it's available, twenty four to seven, triple eight four to
two six zero one seventy seven.
Speaker 3 (13:55):
Thanks for listening to The Safe Money and Retirement Show
with John Heisman. For more information, call one eight eight
eight or two six zero one seventy seven. That's one
eight eight eight four two six zero one seven seven,
or visit their website at HEISCHMANFS dot com more of
the Safe Money and Retirement Show in a moment. There
(14:20):
are some gains in life that most folks don't mind
losing extra weight gained, or credit card debt gain, the
number of miles gained on your car, but losing your
retirement gains is no one's dream. Would you like to
retain the retirement money you've gained over the years and
at the same time create a paycheck for life in retirement,
(14:42):
then call John Heischman at Heischman Financial Services six one
four eight six one seven zero five to five, or
call toll free at one eight eight eight four two
six zero one seven seven. His clients don't lose their
gains due to market risk. Their gains are locked in
with so exposure to risk. Retain your gains. Losing some
(15:04):
of the candles gained on your birthday cake would be great,
or losing some of the strokes gained in your golf
game would be a dream come true, but losing retirement
gains would be a nightmare. Don't risk it. Retain your
gains today. Cal John Heisman at Heisman Financial Services to
find out how. Call six one four eight six one
(15:26):
seven zho five to five. That's six one four eight
six one seven zero five five or call toll free
at one eight eight eight four two six zero one
seven seven.
Speaker 2 (15:46):
Life expectancy is at all time highs, so that means
you've got a future to plan for at any age.
If you have longevity in your family tree, then you
need financial education from someone with the experience and knowledge
to guide you into and through your retirement years. John
Heischman and the folks at Heischman Financial Services are committed
to helping you achieve your retirement goals with a low
(16:07):
key and trustworthy approach. Call Heischman Financial Services today to
get started on your retirement future. Call one triple eight
four two six zero one seven seven. That's one eight
eight eight four two six zero one seven seven. Heischman
Financial Services has your future in mind.
Speaker 3 (16:34):
Welcome back to the Safe Money and Retirement Show with
John Heischman. To contact John the number to call is
one eight eight eight or two six zero one seven seven.
That's one eight eight eight or two six zero one
seven seven. Once again, here's John Heischman.
Speaker 1 (16:52):
The big thing that has created change in the retirement
income planning and environment would be the Great Recession of
the early two thousands. It highlighted how old investment ideas
(17:12):
were not only ineffective, but incredibly destructive to many many
Americans' retirement plans. Depending on the structure of where your
money was. Many lost everything thirty forty percent of what
(17:36):
they had. So think about and relate this to what
I mentioned a little bit ago. What if these people
had sources of guaranteed income structured and set up for
their retirement. Losing that much money is going to to
(18:00):
hurt in any situation. But if you still have your income,
and I'm talking about guaranteed income, the sources that generate
guaranteed income, if you have those in place, you'll be
in a much better situation that those that don't, or
(18:24):
after that recession, those that didn't. And part of the
problem that it created is so many individuals didn't know
where their money was. It wasn't placed in accounts that
(18:44):
could generate that guaranteed lifetime income during retirement. It could have,
but unfortunately they weren't aware, and the emphasis was on
making money. Essentially, manage your money and your investments. It's
(19:11):
an ongoing process. It requires customization and the ability to
adapt to a changing world. And make no mistake about it,
the world is always changing, it always has and it's
definitely going to change in our future. What worked for
(19:36):
your parents and even their parents was probably good advice
back then. Those that are approaching retirement today or that
are in retirement, they need new strategies, new ideas, and
(19:59):
professional guidance. And I mentioned our parents and their parents
planning would have been a lot easier in their day.
One of the biggest reasons is they had a pension plan,
they had social Security, They knew exactly what was coming
(20:22):
in during retirement, which enabled them to save and budget. Personally,
I think the future was a little bit more predictable
than what it is today. And today conditions beyond our
control is going to mean more surprises and unexpected expenses
(20:49):
during retirement. Now, if your plan isn't flexible, how are
you going to adjust inflation? Taxes, health care, government programs,
These are all additional expenses that will hit the retirees
(21:10):
so very simply, we have to adjust, We have to
plan so we don't get caught with these surprises hitting
us at the worst possible time during retirement. A great
way to address this problem is to talk about hope
(21:34):
so versus No SO money. There's a section in the
book I sponsor entitled Retirement Income and Owner's Manual. It
goes into the fact that there are two kinds of money,
hope so and know so, and pretty much everybody can
(21:58):
divide their money into these two categories. And what are
we doing here, We're organizing your assets. The goal in
hope so and No so money isn't to eliminate one
(22:18):
of those two types of money, but to balance them
as you're in retirement. Hope so money is money at risk.
No SO money is safe money. There is no risk,
and it can be turned into that guaranteed lifetime income
(22:43):
stream that I speak about. And once again there's a
whole chapter about how to organize your money in the
book that I offer Retirement Income. Love to get that
out to you. There's no cost, absolutely no obligation. All
(23:08):
you have to do is request it and make sure
that you give your address as to where you want
the book mailed to eight eight eight four to two
six zero one seven seven, triple eight four to two
six zero one seven seven. I'll make sure that book
(23:33):
is sent to you. It's so important that there is
money you'll have in the future, that you know you'll
have and hope SO money. There's money that you hope
to be able to invest that you're going to reap
(23:54):
rewards from the growth. When hope SO money is at risk.
And remember it's easier to accept risk money when the
markets are down and you have losses when you have
no SO money, because no SO money is income that
(24:19):
can't be taken away from you, regardless of what's thrown
at us in the future. Organizing your assets start by
making a list. You can then understand how each asset
is balanced for risk and income. I can help you
(24:42):
with that. It's what I enjoy doing. Manage your risk.
Most retirees are at the point where they have generated
assets for retirement but haven't managed the risk. Risk can
(25:06):
reduce what you have set aside for income no SO money.
But most importantly, work with a planner, whether it's me
or the planner that you have. If you're getting retirement planning,
(25:29):
getting an income plan. You're on the right track. Most
planners are going to introduce to you ideas that you
had no idea existed, concepts that can make all the
difference in your retirement plan. And as I mentioned, if
(25:52):
I can help, please call on me. Let me give
you that number before I close this morning. It's eight
eight eight four two six zero one seven seven triple
eight four two six zero one seventy seven. Thank you
(26:12):
for joining me this morning. This is your host, John Heischman.
Thanks again for tuning.
Speaker 2 (26:19):
In the Safe Money and Retirement Joe, John Heisman Senior.
To get in touch with John, call one eight four
two six zero one seven seven. That's one triple eight
four two six zero one seven seven. For more information
about Heisman Financial Services, visit their website Heisman f S
(26:41):
dot com. That's h E I S C H M
A n f S dot com. Join us again next
time for the Safe Money and Retirement Joe with John
Heisman Senior
People really don't know what their expenses will because they
don't know how long that they're going to live.
Speaker 2 (00:06):
The Americans are worried they won't have enough safe for retirement.
Speaker 3 (00:09):
Now more than.
Speaker 2 (00:09):
Ever, retirement's going to cost for many folks over a
million dollars. He is no short thing in investing, but
a lot of people think that annuities may come close
to that. It's going to more safe, safe, safe, safe
things that they know.
Speaker 3 (00:22):
If they know they're going to need that money to
supplement their retirement, well then you can't play that rest.
Speaker 2 (00:27):
This is the Safe Money and Retirement Show. But John
Heischman Senior, Founder and partner of Heisman Financial Services serving
the Columbus and surrounding areas. John specializes in educating pre
retirees and retirees about safe money strategies and ideas. Now
is the Safe Money and Retirement Show. Here's John Heischman, Senior.
Speaker 1 (00:47):
Good morning, and thanks for tuning in. I'm your host,
John Heischmann. As most of you know, I bring you
a half hour of information pertaining to retirement planning. This morning,
I want to talk about organizing your assets. Will you
(01:11):
have enough money for retirement? You spend your entire working
life hoping what you put into your retirement accounts will
help you live comfortably once you decide to leave the
workforce for good. The key word in that sentence that
(01:36):
I just gave you, and the word that can make
retirement feel like a looming problem instead of a rewarding
life stage, is hope. You hope you'll have enough money.
And that should not be the case, because leaving your
(02:01):
retirement up to chance, in my opinion, is unadvisable, and
I think that's the case in any standard from anyone.
But then why do millions of people find themselves hoping
instead of planning for a happy retirement, a secure retirement,
(02:27):
and no money worry retirement. Today, with the information that's
out there, the tools, professional advice, creating a successful retirement
plan can put you in control of your financial management.
(02:50):
Why isn't everybody in that situation? Could it be that
they haven't gone out to seek help, or they don't
have an advisor or whoever their planner is, the focus
is strictly on accumulating assets, growth interest rates, and not
(03:16):
the actual retirement planning. When we're talking about retirement income.
So while you may have built up your four oh
one K, let's throw in an IRA social Security benefits
and accumulated some non qualified money. Do you know what
(03:38):
your financial picture really looks like when we want to
turn those accounts around so they can generate income for us.
Structuring assets to create an income. Generating retirement requires different
(04:00):
approach than earning income while you are still employed, saving
money for retirement, which is what you have spent your
life doing, and planning your retirement. There are two different
things now, both are important, but earnings and wages compared
(04:26):
to saving money is different than creating a financial strategy
that accounts for your income needs and retirement. Let's add
the complexities of taxes, required minimum distributions r mds from
(04:49):
those IRA accounts, and how about legacy planning, and you
can quickly see why retirement planning becomes so important and
there needs to be a plan, a written plan with
focus and action. I have seen over my many years
(05:16):
in practice doing retirement planning. There are individuals that can
do their own planning. They've done a good job of it,
but that's not the majority of the people that even
try and don't get it right or just don't know. Well,
(05:39):
that's what I'm here for that's what Heischmann Financial Services does.
Between my son and myself, we have over fifty five
combined years experience, the expertise, the designations for retirement planning.
(06:05):
Whether it's our firm or another firm that does retirement planning,
the advice that can apply to your individual situation is invaluable.
And I have to say I am amazed at the
(06:26):
amount of people that are referred to us for a
discussion about retirement planning grows and becomes more and more
each year, and that simply tells me there are so
many people that need advice and not enough advisors out
(06:50):
there or too many of them will only work with
you if you have X amount of dollars built up
in retirement. So there's such a need for advice which
can take the hope out of do you have enough
(07:11):
money for retirement? Eight eight eight four two six zero
one seven seven. That's the number to contact me to
review your plan. And if you don't have a plan,
that's okay. That's something that we can talk about. Triple
(07:32):
eight four two six zero one seventy seven. Understanding how
to manage your asset it entails risk management, risk diversification,
tax planning, income planning preparation throughout your life stages. We
(07:58):
use these strategies gees because they can help leverage more
from each one of the hard earned dollars that you've
set aside for retirement. So a good example of hoping
that your retirement income is going to work out. Let's
(08:20):
take Social Security for example. Some people file for Social
Security on one of the days of their retirement, you know,
a little bit before, maybe right after. Others rely on
supplemental income from an IRA account, for example. But the
(08:41):
point is working with a financial professional that specializes in
retirement planning is going to help you determine when to
file for Social Security. What is the best time? Should
you use income from a qualified account or a non
(09:06):
qualified account to fill the gap until you do take
Social Security? And I have to throw in budgeting, debt reduction.
It's all part of the retirement planning process. It makes
a huge difference Today there's new ideas for retirement when
(09:33):
it comes to organizing your assets, advice about what to
do with your money, it's been around for a long time.
Hindsight allows us to see which advice was good and
which advice didn't. Cut the mustard some sources of advice,
(10:02):
like I say, have been around for a very long time,
while others there's some basic investment concepts that have stood
the test of time. Most strategies that work adapt to
changing conditions. They're flexible, adjusting to any market, any economy,
(10:25):
and most importantly, changing to your circumstances as things change
during your retirement. So I think more than ever in
today's world, a plan has got to be flexible. We
don't know what's coming at us in the future, good
(10:49):
or bad. So you must take a look at your
plan and see if it's flexible enough to where it
can be adjusted depending on the situation. Can I stop
income from one source and take income from another source.
(11:09):
The reality is that strategies that have worked in the past,
they have encountered more challenging new circumstances that have created
different approaches. Well, in a lot of ways, that's a
(11:31):
good thing, because I have seen innovative strategies that play
a big role in retirement planning, such as ways to
generate guaranteed lifetime income along with social Security and a
(11:52):
pension plan. But we have to organize your assets to
determine where that guaranteed income is going to come from.
And that's something we really want to focus on because
it can make such a difference during retirement and it
(12:14):
takes the hope out of will I have enough money
to last through retirement. I hope all of my listeners have,
somewhere along the line, prior to retirement or in retirement,
have looked at these sources of guaranteed income that can
(12:35):
be generated. And if you haven't, it's time for you
to see if it can be generated from any of
the retirement assets that you have. You've heard me talk
about building a floor of incomes many times because it
(12:59):
takes the hope out of retirement planning. It helps to
organize your retirement assets. It prepares you for the future
regardless of what comes our way. And if you haven't
looked at these guaranteed income sources again, you really should,
(13:24):
and I want you to call me. If you haven't,
we'll talk about it. It may or may not apply,
you may or may not need it, but you at
least need to take a look at it. Adaight eight
four two six zero one seven seven. That's the number
(13:45):
it's available, twenty four to seven, triple eight four to
two six zero one seventy seven.
Speaker 3 (13:55):
Thanks for listening to The Safe Money and Retirement Show
with John Heisman. For more information, call one eight eight
eight or two six zero one seventy seven. That's one
eight eight eight four two six zero one seven seven,
or visit their website at HEISCHMANFS dot com more of
the Safe Money and Retirement Show in a moment. There
(14:20):
are some gains in life that most folks don't mind
losing extra weight gained, or credit card debt gain, the
number of miles gained on your car, but losing your
retirement gains is no one's dream. Would you like to
retain the retirement money you've gained over the years and
at the same time create a paycheck for life in retirement,
(14:42):
then call John Heischman at Heischman Financial Services six one
four eight six one seven zero five to five, or
call toll free at one eight eight eight four two
six zero one seven seven. His clients don't lose their
gains due to market risk. Their gains are locked in
with so exposure to risk. Retain your gains. Losing some
(15:04):
of the candles gained on your birthday cake would be great,
or losing some of the strokes gained in your golf
game would be a dream come true, but losing retirement
gains would be a nightmare. Don't risk it. Retain your
gains today. Cal John Heisman at Heisman Financial Services to
find out how. Call six one four eight six one
(15:26):
seven zho five to five. That's six one four eight
six one seven zero five five or call toll free
at one eight eight eight four two six zero one
seven seven.
Speaker 2 (15:46):
Life expectancy is at all time highs, so that means
you've got a future to plan for at any age.
If you have longevity in your family tree, then you
need financial education from someone with the experience and knowledge
to guide you into and through your retirement years. John
Heischman and the folks at Heischman Financial Services are committed
to helping you achieve your retirement goals with a low
(16:07):
key and trustworthy approach. Call Heischman Financial Services today to
get started on your retirement future. Call one triple eight
four two six zero one seven seven. That's one eight
eight eight four two six zero one seven seven. Heischman
Financial Services has your future in mind.
Speaker 3 (16:34):
Welcome back to the Safe Money and Retirement Show with
John Heischman. To contact John the number to call is
one eight eight eight or two six zero one seven seven.
That's one eight eight eight or two six zero one
seven seven. Once again, here's John Heischman.
Speaker 1 (16:52):
The big thing that has created change in the retirement
income planning and environment would be the Great Recession of
the early two thousands. It highlighted how old investment ideas
(17:12):
were not only ineffective, but incredibly destructive to many many
Americans' retirement plans. Depending on the structure of where your
money was. Many lost everything thirty forty percent of what
(17:36):
they had. So think about and relate this to what
I mentioned a little bit ago. What if these people
had sources of guaranteed income structured and set up for
their retirement. Losing that much money is going to to
(18:00):
hurt in any situation. But if you still have your income,
and I'm talking about guaranteed income, the sources that generate
guaranteed income, if you have those in place, you'll be
in a much better situation that those that don't, or
(18:24):
after that recession, those that didn't. And part of the
problem that it created is so many individuals didn't know
where their money was. It wasn't placed in accounts that
(18:44):
could generate that guaranteed lifetime income during retirement. It could have,
but unfortunately they weren't aware, and the emphasis was on
making money. Essentially, manage your money and your investments. It's
(19:11):
an ongoing process. It requires customization and the ability to
adapt to a changing world. And make no mistake about it,
the world is always changing, it always has and it's
definitely going to change in our future. What worked for
(19:36):
your parents and even their parents was probably good advice
back then. Those that are approaching retirement today or that
are in retirement, they need new strategies, new ideas, and
(19:59):
professional guidance. And I mentioned our parents and their parents
planning would have been a lot easier in their day.
One of the biggest reasons is they had a pension plan,
they had social Security, They knew exactly what was coming
(20:22):
in during retirement, which enabled them to save and budget. Personally,
I think the future was a little bit more predictable
than what it is today. And today conditions beyond our
control is going to mean more surprises and unexpected expenses
(20:49):
during retirement. Now, if your plan isn't flexible, how are
you going to adjust inflation? Taxes, health care, government programs,
These are all additional expenses that will hit the retirees
(21:10):
so very simply, we have to adjust, We have to
plan so we don't get caught with these surprises hitting
us at the worst possible time during retirement. A great
way to address this problem is to talk about hope
(21:34):
so versus No SO money. There's a section in the
book I sponsor entitled Retirement Income and Owner's Manual. It
goes into the fact that there are two kinds of money,
hope so and know so, and pretty much everybody can
(21:58):
divide their money into these two categories. And what are
we doing here, We're organizing your assets. The goal in
hope so and No so money isn't to eliminate one
(22:18):
of those two types of money, but to balance them
as you're in retirement. Hope so money is money at risk.
No SO money is safe money. There is no risk,
and it can be turned into that guaranteed lifetime income
(22:43):
stream that I speak about. And once again there's a
whole chapter about how to organize your money in the
book that I offer Retirement Income. Love to get that
out to you. There's no cost, absolutely no obligation. All
(23:08):
you have to do is request it and make sure
that you give your address as to where you want
the book mailed to eight eight eight four to two
six zero one seven seven, triple eight four to two
six zero one seven seven. I'll make sure that book
(23:33):
is sent to you. It's so important that there is
money you'll have in the future, that you know you'll
have and hope SO money. There's money that you hope
to be able to invest that you're going to reap
(23:54):
rewards from the growth. When hope SO money is at risk.
And remember it's easier to accept risk money when the
markets are down and you have losses when you have
no SO money, because no SO money is income that
(24:19):
can't be taken away from you, regardless of what's thrown
at us in the future. Organizing your assets start by
making a list. You can then understand how each asset
is balanced for risk and income. I can help you
(24:42):
with that. It's what I enjoy doing. Manage your risk.
Most retirees are at the point where they have generated
assets for retirement but haven't managed the risk. Risk can
(25:06):
reduce what you have set aside for income no SO money.
But most importantly, work with a planner, whether it's me
or the planner that you have. If you're getting retirement planning,
(25:29):
getting an income plan. You're on the right track. Most
planners are going to introduce to you ideas that you
had no idea existed, concepts that can make all the
difference in your retirement plan. And as I mentioned, if
(25:52):
I can help, please call on me. Let me give
you that number before I close this morning. It's eight
eight eight four two six zero one seven seven triple
eight four two six zero one seventy seven. Thank you
(26:12):
for joining me this morning. This is your host, John Heischman.
Thanks again for tuning.
Speaker 2 (26:19):
In the Safe Money and Retirement Joe, John Heisman Senior.
To get in touch with John, call one eight four
two six zero one seven seven. That's one triple eight
four two six zero one seven seven. For more information
about Heisman Financial Services, visit their website Heisman f S
(26:41):
dot com. That's h E I S C H M
A n f S dot com. Join us again next
time for the Safe Money and Retirement Joe with John
Heisman Senior
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