June 19, 2025 • 27 mins
#SafeMoney #JonHeischmanSr #RetirementInsecurity
Host Jon Heischman, Senior discusses a recent study by the National Institute on Retirement Security and strategies that he uses that can help most clients obtain a sense of security in their retirement planning.
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.
Host Jon Heischman, Senior discusses a recent study by the National Institute on Retirement Security and strategies that he uses that can help most clients obtain a sense of security in their retirement planning.
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. Americans
are worried they won't have enough safe for retirement. 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. If they know they're going to
need that money to supplement their retirement, well then you
can't play that rest. This is the Safe Money and
Retirement Show. But John Heischman Senior, founder and partner of
(00:32):
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 (00:49):
Study after study tells the tale. Americans of all ages
are becoming increasingly concerned about their ability to afford retirement.
Good morning, and welcome to the Safe Money and Retirement Show.
I'm your host, John Heischmann. I want to talk about
(01:14):
retirement in security during this show. This morning because of
a recent study done last year from the National Institute
on Retirement Security. It was revealed that seventy nine percent
of respondents agreed that a retirement crisis exists and high
(01:41):
retirement anxiety results. I personally think this is unfortunate because
most of the time I can help prevent this crisis
and anxiety. But the problem is the majority of pre
(02:01):
retirees and retirees aren't aware of the planning techniques to
eliminate this worry going into retirement. The thing is, of
those surveyed, fifty five percent are concerned they won't be
able to achieve financial security and retirement. Another survey conducted
(02:28):
by Nationwide of consumers ages sixty to sixty five found
that their biggest threats to retirement security include inflation, cuts
to Social Security benefits, and the rising cost of long
term care. And those that haven't addressed these issues or
(02:56):
worked with a planner on ways to solve these issues, yes,
they're going to have concerns. The other thing is periods
of stagnant wage growth has hindered some individual's ability to
save sufficiently for retirement because income has failed to keep
(03:21):
pace with the cost of living rising health care cost,
housing cost, and every day outlays. They're placing additional strain
on household budgets, which obviously take away from that discretionary
(03:41):
money that we need to use for retirement savings. And
I think economic uncertainty, market volatility, and geopolitical tensions further
unsettles Americans' confidence in their retire concerns. Unpredictability of financial
(04:04):
markets will leave many individuals feeling vulnerable and uncertain about
the viability of their retirement savings strategies. These concerns need
to be addressed, and I encourage all of my listeners
(04:25):
who don't have a secure retirement and have worries about
these things to call me. We don't have to meet.
We can schedule a phone conversation and you can give
me your concerns. I can give you some ideas based
(04:46):
on your own personal situation. And the great thing is
there is no obligation and no cost. There's two numbers
that you can reach me, my ANSW Stirring Service eight
eight eight four two six zero one seventy seven. I'll
(05:07):
give that number to you again triple eight four two
six zero one seventy seven, and all get the message
or if you want to call me direct at our
office in Reynoldsburg six one four eight six one seven
(05:28):
oh five five six one four eight six one seven
zero I five. Or you might be thinking I'm not
quite ready to call John, and that's fine. You may
want to visit our website HEISCHMANNFS dot com, where you
(05:51):
can tune in to past radio shows, replays and a
lot of other information. That's Heischmann FS dot com, h
EI s c m an FS dot com. As I
(06:11):
mentioned early, the majority of pre retirees and retirees are
uncertain and that is understandable because of economic uncertainty coupled
by market volatility and geo political tensions. The unpredictability of
(06:34):
financial markets. It's left many individuals feeling vulnerable and uncertain
about the strength and lifetime of their retirement savings. That's
why it's no surprise that individuals value their employment related
(06:57):
pensions and future social security retirement benefits. The stability and
predictability of these sources of post career cash flow are
often what retirees enjoy most about these monthly income streams.
(07:18):
They're going to be there just like your paycheck was
when you were working, when you have these guaranteed sources
of income coming in pensions, social security, it's easier to
prepare a budget plan for expenses and knowing you're going
(07:41):
to receive regular payments regardless of market fluctuations or economic conditions.
Retirees appreciate guaranteed income for life. It provides financial secure
throughout their retirement. They cannot outlive guaranteed income. This can
(08:09):
alleviate concerns about outliving your savings and struggling to maintain
a familiar standard of living. What about inflation protection? Some
pensions and social security benefits are index to inflation. That's
(08:31):
going to keep pace with rising cost Plus, it's going
to help retirees preserve their purchasing power over time, also
ensuring that their income remains sufficient to cover essential expenses.
(08:52):
Because we're going to have inflation, prices are going to
go up. What about reduce seeing exposure to market risk.
Unlike other income sources such as income from your four
oh one K or IRA, pensions and social security do
(09:16):
not expose retirees to investment risk. Retirees don't need to
worry about market volatility or managing investment portfolios to ensure
that steady income stream which can be particularly appealing for
(09:39):
those that have a low risk tolerance, non capacity for risk,
and limited investment knowledge. Lifelong benefits that's what pensions and
social security are typically going to pay out for the
(10:02):
duration of retirees lives and may even continue to espouse
if they're set up properly. I think this is particularly
crucial as life expectancies continue to increase. Studies such as
(10:24):
the ones that I mentioned previously have shown the stability, predictability,
and guaranteed income that employment related pensions and social security provide.
They're all going to lead to higher confidence and retirement
(10:48):
readiness levels. They also mitigate many common risk associated with retirement,
including market viola, fatility, inflation, and longevity risk. But the
challenge is that defined benefit pension plans have been replaced
(11:15):
in the private sector by defined contribution plans, which are
four A one case. The burden has now been shifted
to the employee. Eensions are disappearing daily and as mentioned,
(11:36):
replaced by four one K plans, So it's up to
you to replace that guaranteed pension income by establishing guaranteed
income with your pension money. There were some stats that
(11:58):
came out by the Department of Labor. Fifteen percent of
private industry workers had access to a traditional pension plan,
and this was in twenty twenty three. Sixty seven percent
had access to a defined contribution plan a four to
(12:21):
one K. Once again, that means you have to establish
your guaranteed lifetime income sources from the four to one
K because the pension's gone. If you have a pension
today and you're retiring, many still do, but it's decreasing rapidly.
(12:45):
You're very lucky because there's a good chance you also
have a four A one K, and we need to
talk about establishing guaranteed income from that for a one K,
I'd love to talk to you about that. Here's the
number eight eight eight four two six zero one seven seven,
(13:10):
or you can call me direct at six one four
eight six one seven h five to five. I'm going
to talk about ways to take that four oh one
K and or I raise and establish an additional source
(13:32):
of income that's going to be guaranteed for the rest
of your life. I'm glad you were able to join
me today. I'll continue my discussion by explaining what we
call the three legged stool of pensions, Social security, and savings.
(13:55):
This is a situation that's been heatering on two legs
for decades for many private sector workers. Now even social
Security leg is potentially on somewhat shaky ground. It is
(14:19):
imperative for those approaching retirement to prepare for all alternative
scenarios to augment social Security should a benefit cut occur.
Even if Congress takes action to avoid a cutback, as
(14:40):
has happened in the past, near retirees definitely need to
explore options to create their own personal pension plan. The
best example on how to do this is a fixed
(15:00):
indexed annuity known as an FIA. This is a potential
option that mitigates critical retirement risk while providing same stability
and predictability that may give many retirees peace of mind
(15:24):
that they're looking for. To solve that puzzle of additional
guaranteed income coming in each month, we have the guarantees
plus the upside. Let me explain that a fixed index
annuity is an annuity contract that insurance companies offer. Here
(15:49):
it provides a guaranteed minimum rate of return combined with
the opportunity to earn additional reti turns based on the
performance of a specific market index. One would be the
S and P five hundred, the Nasdaq one hundred, the
(16:14):
dal Jones, and many others. Your principle is protected. Once
you receive the gain for the previous year, it's added
to the principle locked in. It'll never go below that amount.
(16:37):
From there it operates on compound interest. When your growth
is based on an index, not a stock, risk is eliminated.
So the only way your account value is going to
(16:59):
reduce use is if you withdraw money from that account,
either in a lumpsum or monthly income. So there's above
average rate return with a lot of indexes and options
off of these indexes for potential growth to help solve
(17:24):
the problem of that three legged stool I mentioned, so
we can have three different sources of guaranteed income for
your retirement. FIA's provide various payout options, including guaranteed lifetime
(17:47):
income streams. This can help retire secure a reliable source
of income throughout their retirement years. Additional features such as
inflation protection on monthly income or long term care benefits
(18:11):
can be available depending on the contract. The income payout
benefits serve as your own private pension plan. You cannot
outlive the income that it provides. It's guaranteed, and many
(18:34):
of you already have this type of investment with the
guaranteed income option. You've either started the option immediately or
you're going to delay that at some point in your retirement. Now,
(18:56):
if you delay taking income, it will roll up providing
a larger income the longer you wait. So starting an FIA,
let's say five years prior to retirement, your income benefit
(19:18):
will increase compared to starting the income immediately. But you
still have that option. It depends. Everyone is different, and
many want the income right away. Others are going to
delay it for various reasons to secure that third leg
(19:42):
of the stool. Those of you that do not have
the FIA plan, you owe it to yourself to at
least obtain information, become educated about the better fits it offers,
(20:02):
the guarantees that it offers. At least just take a
look at it, and I can help you with that.
We can have a phone discussion. If you want to
meet in person, that's fine. If you don't, that's fine too,
But let's get you educated with a little bit more details,
(20:22):
and it may or may not fit into your planning.
But again, I really feel you owe it to yourself
to find out more about the FIA eight eight eight
four two six zero one seven seven triple eight four
(20:42):
two six zero one seventy seven. You know a lot
of income plans are going to have a fixed indexed
annuity bridge to enable them to re receive more from
Social Security. Because deciding when to claim social Security benefits
(21:08):
is a crucial decision in retirement planning, and it should
be made with the assistance of an experienced professional, somebody
that knows social Security and all the benefits that are involved.
(21:29):
And I think most of you know that it can
start at age sixty two and in a lot of
cases delay it to your full retirement age, such as
let's say you're at sixty seven or as late as
seventy because when you delay it, the more payout you're
(21:52):
going to receive. Delay the claim to take social Security
is going to boost monthly cash flow from Social Security
and provides higher income for the surviving spouse. When we
use the FIA in income planning during the early years
(22:18):
of retirement, allows the eventual social Security benefit to grow
by as much as eight percent a year, and also
provides a larger annual cost of living adjustment if they're
to be announced, and we had a pretty good one
(22:39):
a couple of years ago, which was a great thing,
but we also had a higher cost of living rates,
so they kind of go together, and the increase cost
of living benefit that one could receive from social Security
(23:00):
helps to offset higher inflation. One thing I do want
to mention when we talk about social Security, I personally
don't think benefits will be cut for those receiving Social
Security at the time that there would be a change.
(23:25):
I have studied social security and received a couple of
designations in that field, and I see so much waste
benefits paid out that are unnecessary. Adjustments could be made
(23:47):
to save the Social Security Trust Fund delaying the projected
depletion of the fund in twenty thirty three. And I've
got some other ideas that would help, but they're not
going to listen to me. As far as what I
(24:09):
think can save social Security, the main point is I
can help you with your social security planning as far
as when to take the income. There's a lot of
variables other income options. If you got a pension, or
(24:30):
if you put money in your FIA private pension plan,
then we work around those two benefits to establish when
is the best time to take social security for you.
And everybody's different because everybody has different assets that can
(24:53):
be used for income. So it is flexible from the
standpoint that you can take it as e sixty two
and take it as late as age seventy, depending on
what is in your best interest. It's one more thing
to talk about in retirement planning in order to make
(25:17):
sure you have the proper plan. I'd like to hear
from you as far as what's your concerns, what are
your worries, and maybe I can give you one idea
that will make all the difference in your planning. Give
(25:38):
me a call eight eight eight four to two six
zero one seven seven. That number again is triple eight
four to two six zero one seventy seven. I hope
you've enjoyed the show this morning. Be sure to tune
(25:59):
in next week at the same time where I will
bring you more ideas that will help in your retirement planning.
Have a safe week and I'll talk to you next
week on the Safe Money and Retirement Show.
Speaker 2 (26:21):
The Safe Money and Retirement Show, John Heisman Senior. To
get in touch with John, call one AA 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 FS dot com.
(26:42):
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 Show 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. Americans
are worried they won't have enough safe for retirement. 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. If they know they're going to
need that money to supplement their retirement, well then you
can't play that rest. This is the Safe Money and
Retirement Show. But John Heischman Senior, founder and partner of
(00:32):
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 (00:49):
Study after study tells the tale. Americans of all ages
are becoming increasingly concerned about their ability to afford retirement.
Good morning, and welcome to the Safe Money and Retirement Show.
I'm your host, John Heischmann. I want to talk about
(01:14):
retirement in security during this show. This morning because of
a recent study done last year from the National Institute
on Retirement Security. It was revealed that seventy nine percent
of respondents agreed that a retirement crisis exists and high
(01:41):
retirement anxiety results. I personally think this is unfortunate because
most of the time I can help prevent this crisis
and anxiety. But the problem is the majority of pre
(02:01):
retirees and retirees aren't aware of the planning techniques to
eliminate this worry going into retirement. The thing is, of
those surveyed, fifty five percent are concerned they won't be
able to achieve financial security and retirement. Another survey conducted
(02:28):
by Nationwide of consumers ages sixty to sixty five found
that their biggest threats to retirement security include inflation, cuts
to Social Security benefits, and the rising cost of long
term care. And those that haven't addressed these issues or
(02:56):
worked with a planner on ways to solve these issues, yes,
they're going to have concerns. The other thing is periods
of stagnant wage growth has hindered some individual's ability to
save sufficiently for retirement because income has failed to keep
(03:21):
pace with the cost of living rising health care cost,
housing cost, and every day outlays. They're placing additional strain
on household budgets, which obviously take away from that discretionary
(03:41):
money that we need to use for retirement savings. And
I think economic uncertainty, market volatility, and geopolitical tensions further
unsettles Americans' confidence in their retire concerns. Unpredictability of financial
(04:04):
markets will leave many individuals feeling vulnerable and uncertain about
the viability of their retirement savings strategies. These concerns need
to be addressed, and I encourage all of my listeners
(04:25):
who don't have a secure retirement and have worries about
these things to call me. We don't have to meet.
We can schedule a phone conversation and you can give
me your concerns. I can give you some ideas based
(04:46):
on your own personal situation. And the great thing is
there is no obligation and no cost. There's two numbers
that you can reach me, my ANSW Stirring Service eight
eight eight four two six zero one seventy seven. I'll
(05:07):
give that number to you again triple eight four two
six zero one seventy seven, and all get the message
or if you want to call me direct at our
office in Reynoldsburg six one four eight six one seven
(05:28):
oh five five six one four eight six one seven
zero I five. Or you might be thinking I'm not
quite ready to call John, and that's fine. You may
want to visit our website HEISCHMANNFS dot com, where you
(05:51):
can tune in to past radio shows, replays and a
lot of other information. That's Heischmann FS dot com, h
EI s c m an FS dot com. As I
(06:11):
mentioned early, the majority of pre retirees and retirees are
uncertain and that is understandable because of economic uncertainty coupled
by market volatility and geo political tensions. The unpredictability of
(06:34):
financial markets. It's left many individuals feeling vulnerable and uncertain
about the strength and lifetime of their retirement savings. That's
why it's no surprise that individuals value their employment related
(06:57):
pensions and future social security retirement benefits. The stability and
predictability of these sources of post career cash flow are
often what retirees enjoy most about these monthly income streams.
(07:18):
They're going to be there just like your paycheck was
when you were working, when you have these guaranteed sources
of income coming in pensions, social security, it's easier to
prepare a budget plan for expenses and knowing you're going
(07:41):
to receive regular payments regardless of market fluctuations or economic conditions.
Retirees appreciate guaranteed income for life. It provides financial secure
throughout their retirement. They cannot outlive guaranteed income. This can
(08:09):
alleviate concerns about outliving your savings and struggling to maintain
a familiar standard of living. What about inflation protection? Some
pensions and social security benefits are index to inflation. That's
(08:31):
going to keep pace with rising cost Plus, it's going
to help retirees preserve their purchasing power over time, also
ensuring that their income remains sufficient to cover essential expenses.
(08:52):
Because we're going to have inflation, prices are going to
go up. What about reduce seeing exposure to market risk.
Unlike other income sources such as income from your four
oh one K or IRA, pensions and social security do
(09:16):
not expose retirees to investment risk. Retirees don't need to
worry about market volatility or managing investment portfolios to ensure
that steady income stream which can be particularly appealing for
(09:39):
those that have a low risk tolerance, non capacity for risk,
and limited investment knowledge. Lifelong benefits that's what pensions and
social security are typically going to pay out for the
(10:02):
duration of retirees lives and may even continue to espouse
if they're set up properly. I think this is particularly
crucial as life expectancies continue to increase. Studies such as
(10:24):
the ones that I mentioned previously have shown the stability, predictability,
and guaranteed income that employment related pensions and social security provide.
They're all going to lead to higher confidence and retirement
(10:48):
readiness levels. They also mitigate many common risk associated with retirement,
including market viola, fatility, inflation, and longevity risk. But the
challenge is that defined benefit pension plans have been replaced
(11:15):
in the private sector by defined contribution plans, which are
four A one case. The burden has now been shifted
to the employee. Eensions are disappearing daily and as mentioned,
(11:36):
replaced by four one K plans, So it's up to
you to replace that guaranteed pension income by establishing guaranteed
income with your pension money. There were some stats that
(11:58):
came out by the Department of Labor. Fifteen percent of
private industry workers had access to a traditional pension plan,
and this was in twenty twenty three. Sixty seven percent
had access to a defined contribution plan a four to
(12:21):
one K. Once again, that means you have to establish
your guaranteed lifetime income sources from the four to one
K because the pension's gone. If you have a pension
today and you're retiring, many still do, but it's decreasing rapidly.
(12:45):
You're very lucky because there's a good chance you also
have a four A one K, and we need to
talk about establishing guaranteed income from that for a one K,
I'd love to talk to you about that. Here's the
number eight eight eight four two six zero one seven seven,
(13:10):
or you can call me direct at six one four
eight six one seven h five to five. I'm going
to talk about ways to take that four oh one
K and or I raise and establish an additional source
(13:32):
of income that's going to be guaranteed for the rest
of your life. I'm glad you were able to join
me today. I'll continue my discussion by explaining what we
call the three legged stool of pensions, Social security, and savings.
(13:55):
This is a situation that's been heatering on two legs
for decades for many private sector workers. Now even social
Security leg is potentially on somewhat shaky ground. It is
(14:19):
imperative for those approaching retirement to prepare for all alternative
scenarios to augment social Security should a benefit cut occur.
Even if Congress takes action to avoid a cutback, as
(14:40):
has happened in the past, near retirees definitely need to
explore options to create their own personal pension plan. The
best example on how to do this is a fixed
(15:00):
indexed annuity known as an FIA. This is a potential
option that mitigates critical retirement risk while providing same stability
and predictability that may give many retirees peace of mind
(15:24):
that they're looking for. To solve that puzzle of additional
guaranteed income coming in each month, we have the guarantees
plus the upside. Let me explain that a fixed index
annuity is an annuity contract that insurance companies offer. Here
(15:49):
it provides a guaranteed minimum rate of return combined with
the opportunity to earn additional reti turns based on the
performance of a specific market index. One would be the
S and P five hundred, the Nasdaq one hundred, the
(16:14):
dal Jones, and many others. Your principle is protected. Once
you receive the gain for the previous year, it's added
to the principle locked in. It'll never go below that amount.
(16:37):
From there it operates on compound interest. When your growth
is based on an index, not a stock, risk is eliminated.
So the only way your account value is going to
(16:59):
reduce use is if you withdraw money from that account,
either in a lumpsum or monthly income. So there's above
average rate return with a lot of indexes and options
off of these indexes for potential growth to help solve
(17:24):
the problem of that three legged stool I mentioned, so
we can have three different sources of guaranteed income for
your retirement. FIA's provide various payout options, including guaranteed lifetime
(17:47):
income streams. This can help retire secure a reliable source
of income throughout their retirement years. Additional features such as
inflation protection on monthly income or long term care benefits
(18:11):
can be available depending on the contract. The income payout
benefits serve as your own private pension plan. You cannot
outlive the income that it provides. It's guaranteed, and many
(18:34):
of you already have this type of investment with the
guaranteed income option. You've either started the option immediately or
you're going to delay that at some point in your retirement. Now,
(18:56):
if you delay taking income, it will roll up providing
a larger income the longer you wait. So starting an FIA,
let's say five years prior to retirement, your income benefit
(19:18):
will increase compared to starting the income immediately. But you
still have that option. It depends. Everyone is different, and
many want the income right away. Others are going to
delay it for various reasons to secure that third leg
(19:42):
of the stool. Those of you that do not have
the FIA plan, you owe it to yourself to at
least obtain information, become educated about the better fits it offers,
(20:02):
the guarantees that it offers. At least just take a
look at it, and I can help you with that.
We can have a phone discussion. If you want to
meet in person, that's fine. If you don't, that's fine too,
But let's get you educated with a little bit more details,
(20:22):
and it may or may not fit into your planning.
But again, I really feel you owe it to yourself
to find out more about the FIA eight eight eight
four two six zero one seven seven triple eight four
(20:42):
two six zero one seventy seven. You know a lot
of income plans are going to have a fixed indexed
annuity bridge to enable them to re receive more from
Social Security. Because deciding when to claim social Security benefits
(21:08):
is a crucial decision in retirement planning, and it should
be made with the assistance of an experienced professional, somebody
that knows social Security and all the benefits that are involved.
(21:29):
And I think most of you know that it can
start at age sixty two and in a lot of
cases delay it to your full retirement age, such as
let's say you're at sixty seven or as late as
seventy because when you delay it, the more payout you're
(21:52):
going to receive. Delay the claim to take social Security
is going to boost monthly cash flow from Social Security
and provides higher income for the surviving spouse. When we
use the FIA in income planning during the early years
(22:18):
of retirement, allows the eventual social Security benefit to grow
by as much as eight percent a year, and also
provides a larger annual cost of living adjustment if they're
to be announced, and we had a pretty good one
(22:39):
a couple of years ago, which was a great thing,
but we also had a higher cost of living rates,
so they kind of go together, and the increase cost
of living benefit that one could receive from social Security
(23:00):
helps to offset higher inflation. One thing I do want
to mention when we talk about social Security, I personally
don't think benefits will be cut for those receiving Social
Security at the time that there would be a change.
(23:25):
I have studied social security and received a couple of
designations in that field, and I see so much waste
benefits paid out that are unnecessary. Adjustments could be made
(23:47):
to save the Social Security Trust Fund delaying the projected
depletion of the fund in twenty thirty three. And I've
got some other ideas that would help, but they're not
going to listen to me. As far as what I
(24:09):
think can save social Security, the main point is I
can help you with your social security planning as far
as when to take the income. There's a lot of
variables other income options. If you got a pension, or
(24:30):
if you put money in your FIA private pension plan,
then we work around those two benefits to establish when
is the best time to take social security for you.
And everybody's different because everybody has different assets that can
(24:53):
be used for income. So it is flexible from the
standpoint that you can take it as e sixty two
and take it as late as age seventy, depending on
what is in your best interest. It's one more thing
to talk about in retirement planning in order to make
(25:17):
sure you have the proper plan. I'd like to hear
from you as far as what's your concerns, what are
your worries, and maybe I can give you one idea
that will make all the difference in your planning. Give
(25:38):
me a call eight eight eight four to two six
zero one seven seven. That number again is triple eight
four to two six zero one seventy seven. I hope
you've enjoyed the show this morning. Be sure to tune
(25:59):
in next week at the same time where I will
bring you more ideas that will help in your retirement planning.
Have a safe week and I'll talk to you next
week on the Safe Money and Retirement Show.
Speaker 2 (26:21):
The Safe Money and Retirement Show, John Heisman Senior. To
get in touch with John, call one AA 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 FS dot com.
(26:42):
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 Show with John Heisman Senior
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