June 26, 2025 • 27 mins
#SafeMoney #JonHeischmanSr #YourMoneyWorkingForYou
Host Jon Heischman, Senior discusses how to keep your money working for you during your disbursement phase (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.
Host Jon Heischman, Senior discusses how to keep your money working for you during your disbursement phase (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.
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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.
Now more than ever, retirement's going to cost for many
folks over a million dollars.
Speaker 3 (00:14):
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 1 (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 3 (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
it's the Safe Money and Retirement Show. Here's John Heischman, Senior.
Speaker 2 (00:49):
Thanks for tuning in to the Safe Money and Retirement Show.
I'm your host, John Heischmann. Each week I give you
ideas about out retirement, your retirement money, and some strategies
that work. I've seen them work and they work for
(01:10):
my clients. Everyone works hard for their money. Day in,
day out, we work hard for our money. We get
a paycheck and we save money, or we should be
saving money, try and do the right things, put money away,
(01:30):
save it, invest it, and some goes into retirement accounts.
Then we get to retirement and this is where our
money pays us, just as our employer did while we
were working. The money we've been putting away while working
(01:55):
is called the accumulation phase. But when we hit retirement
in the distribution phase, where we're paid income from all
those years of saving, investing, putting money in retirement accounts. Obviously,
your money needs to work for you. Investments, savings gives
(02:22):
us the paycheck and not the labor, not the eight
hours a day of working, but our money becomes the
source of our income. The problem is we had somebody
pay us while we were working. We knew the amount.
(02:43):
It was there every week like clockwork, and it even
increased over time. So now in retirement, the situation has changed,
and everybody hopes that they're retirement income is going to
be seventy eighty percent of your pre retirement income. I
(03:09):
have some clients that are at one hundred percent of
their pre retirement income that's not common, but those that do,
they're very fortunate. But the point is we've got to
look at making our money work for us. I can't
tell you how many times I talk to people and
(03:33):
once we go over their statements investment, savings, retirement, they
ask me, John, how am I doing relative to other
people that you work with? And that seems to be
a real concern for a lot of people. And it's
(03:54):
because we spend our lives keeping score. Where are we at?
And when you think about it, we've pretty much kept
score with so many things, and probably one of the
most important scores is the retirement money you have. And
(04:17):
the bottom line is with retirement money, that's money that
is going to generate an income for you. What's your score?
Is it seventy percent or eighty percent of your pre
retirement income? And overnight, once you start that first day
(04:41):
of retirement, you're going to go from that saver and
investor to a spender. You're going to spend what you
have accumulated from retirement income. I think it requires a
different thought process Sas in most cases, it requires a
(05:05):
different type of advisor because you've always been advised how
to grow your money, how to make money, and now
you're switching again to a different advisor on how to
generate retirement income. How is the best way? What are
(05:30):
the strategies based on what you're going to have each month?
And to generate additional income from the savings and investments
that you've accumulated. And we get into a situation where
t R equals I plus G. All right, you're thinking,
(05:54):
what do you mean by that? John? What I mean
is total return earn equals income plus growth. So the
income is different advice. The big concern becomes, am I
(06:15):
going to run out of money somewhere during my retirement years?
You're now in retirement and income is the outcome. It's
hard for some people to spend their money. I have
(06:35):
some clients that it's fairly easy. They've got good assets,
they're getting good returns, they have income. They feel very
comfortable spending it because they know what they have and
they know what money is going to be there for
(06:57):
them throughout retirement. And more importantly, it is guaranteed, so
you're not going to run out of money. And that's
where you need advice, whether you're getting ready to retire
or you're already retired, it's not too late to review, update,
(07:24):
or even change strategies. Because what I've seen so many
people I talk to a lot of my radio listeners,
their income isn't set up to where it's guaranteed to
It needs to last the rest of your life. You
can't outlive your money if it's guaranteed a pension plan,
(07:49):
if you're fortunate enough to have a pension plan, your
social security and those savings and investments that you've turned
into guaranteed sources of income. And I'm not referring to
all of your money going towards guaranteed income strategies, an
(08:13):
amount that is needed to supplement your other guaranteed sources
of income. I think it's just common sense smart planning.
And many of you have already taken the steps towards
providing that additional guaranteed income. If you haven't, please give
(08:37):
me a call and we can discuss your situation, how
to make a few changes and it will make a
big difference. Here's the number to call eight eight eight
four to two six zero one seven seven again triple
eight four to two six zero one seventy seven. Send
(09:02):
me a text at six one four five six' five
six one zero. One i'll get back to. You i'll
answer your question or schedule a time to meet at
your convenience six one four five six five six one zero.
(09:24):
One in, retirement, now your money is going to pay you.
First where as before you were paying into your money.
First you're not taking it out of your paycheck before
you get it and putting it in your four to
(09:45):
oh ONE k or YOUR ira. Accounts, again your money's
paying you. Now i've got a question for. You how
much is your money paying you? Now or how much
is it going to pay you when you need that
(10:06):
money for retirement? Income and that's what we have to. Address.
Now you might, say, well my investment advisor tells me
that if we continue to get six seven eight percent
or more in, growth so there's a very good chance
(10:31):
you won't run out of, money especially if you continue
to get that same rate to return in today's. World
do we really want to rely on a percent of? Chance,
well yes we. Do we want one hundred percent guarantee
(10:56):
that we're not going to run out of money regardless
of the interest, rate regardless of what the markets, do
or economic conditions or. Inflation and that's the position you
need to be in and as a client of, Mine
(11:18):
i'm going to make sure you're in that. Position after the,
Break i'm going to continue on this same. TOPIC i
think it's very important in every retiree needs to be
aware of the fact you can have guaranteed. Income write
(11:40):
this number down eight eight eight four to six zero
one seven seven triple eight four six zero one seven to.
Seven i'd like to hear from you about your thoughts
where you are with your income, Planning so stay. Tuned
(12:03):
i'll be right.
Speaker 1 (12:04):
Back thanks for listening To The Safe money And Retirement
show With John. Heischman for more, information call one eight
eight eight or two six zero one seventy. Seven that's
one eight eight eight or two six zero one seven,
seven or visit their website at heischmanfs dot. Com more
of The Safe money And Retirement show in a.
Speaker 2 (12:26):
Moment this Is John, heischman your host with The Safe
money And Retirement. SHOW i have listeners who call in
each week after listening to the show that want to
sit down and just talk about some of the things
THAT i discussed on the. Show there is no, obligation of,
(12:49):
course there's no cost and absolutely no. Pressure nothing is
sold it's just a discussion of WHAT i talked about
over the phone and how it may apply to your particular.
SITUATION i welcome that opportunity and encourage you to contact
(13:11):
my office in the event you would like to discuss any,
topic WHETHER i talked about it on the show or.
Not answer your questions and. Concerns eight eight eight four
two six zero one seven. Seven it's your retirement and
(13:32):
regardless the size of your, accounts that's your money and
it's got to last a. LIFETIME a meeting can be
scheduled in my office or at your. Home the local
number is six one four eight six one seven oh five.
(13:52):
Five that's six one four eight six one seven oh
five five eight eight eight four two six zero one seven.
Speaker 1 (14:05):
Seven 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
(14:25):
one seven. Seven once, again Here's John.
Speaker 2 (14:27):
Heischman this Is John, heischmann And i'm back with the
second part of our show this morning On Safe money
And Retirement. Show you know last MONTH i came across
a referral from one of my, clients and their question,
(14:49):
was can you tell me how much MONEY i am
going to receive as far as income each month in
Retur so my response, was do you have any idea
based on the accounts you have that are going to
(15:11):
produce monthly? Income and his response, was IF i get
an average rate of return and make it to my life,
EXPECTANCY i Think i'm in good. Shape and this individual
had a good sizeable amount coming from his four to
(15:34):
ONE k that was all market, based but the amount
needed was going to be a little bit high because
this individual did not have a pension plan but did
Have Social. Security so my response, was AS i try
(15:58):
to point out with EVERYONE i talk, to we need
to address something called sequence of return, risk and that,
is if your losses come early and you get the
same percentage average rate to return as out of a
(16:22):
portfolio where the losses came late in your, lifespan do
you realize the first case might cause you to run
out of money or at least be severely. Diminished and
that's because average rate to return is not what you look.
(16:44):
At you want to know how much money is going
to be there guaranteed as far as, Percentages AND i
know everybody does look at, percentages but in, reality our
life is in. Percentages so let's say you have an
(17:06):
investment that's going to earn you ten, percent and you
put a million dollars in or let's say one. Thousand
it really doesn't matter how much you put in because
investments work on. Percentages but going back to the million
(17:28):
oh ten percent would be nice because that would give
you one hundred thousand dollars per, year assuming you withdrew ten. Percent,
now first of, all a ten percent rate of withdrawal
is a very high withdrawal. Rate are you going to
(17:49):
get a ten percent rate of return year after year
after year to generate that amount of Withdrew we're all
each year throughout. Retirement and if you don't get that
ten percent return in any given, year let's say it
(18:11):
drops to four percent or six, percent you're now withdrawing
your interest and part of your principle to get that
one hundred thousand dollars per year of retirement. Income so,
really one million dollars put aside for retirement isn't going
(18:34):
to be that much in this scenario with that type
of withdrawal. Rate and here's where planning comes. In that
is WHAT i. Do make sure your withdrawal rate can
(18:55):
support that type of. Income in this, scenario might answer
is no because it's a. Gamble once, again you're gambling
on a rate of return of ten, percent And i've
talked about it on the show before actually quite a few,
times depending on. Age we want to look at a
(19:19):
four to five percent withdrawal rate because your money should
earn OR i should say WHERE i recommend your money
to be placed to generate, income should be getting averaging
four to five percent rate of return or more a
(19:43):
safe withdrawal, rate making sure you don't run out of,
money and if your plan performs better than, anticipated we
can raise your income as time goes. On if you
go into a retirement income plan with a high rate of,
(20:09):
WITHDRAWAL i think you're asking for trouble later on in.
Retirement what has to, Happen first of, all a detailed
budget of anticipated expenses during. Retirement where can a retiree cut,
back trim, expenses then adjust income based on. Safety we
(20:37):
all see articles and pop ups that come across the
computer that says can you retire on a million? Dollars
there's two answers to that. Question yes you can and
no you. Can't, again it depends on your withdrawal. Rate
(21:02):
you can if it's the safe withdrawal. Percentage you can't
if it's, six eight or ten. Percent like my. Example
it may work, out but counting on that type of
growth return year after year after, YEAR i think is
(21:25):
going to create a big surprise later on in, retirement
especially today the way longevity has. Changed people are living.
Longer that's, great but it creates a problem of making
sure your income is going to last for the rest
(21:45):
of your. Life so that's one of the things THAT
i show my. Clients establish that guaranteed lifetime income first and,
foremost and then put what's left in market based, plans potential,
(22:05):
growth potential future. Income if it works, out but if
it doesn't work, out you at least have the peace
of mind it's going to work out as far as,
income BECAUSE i know what's coming in for the rest
of my. Life and i'd like to show you HOW
(22:27):
i do, that what has worked for my clients making
sure you're within that safe withdrawal. Rate let's talk about
your situation AND i can show you the strategies. Used
here's the number eight eight eight four two six zero
(22:48):
one seven seven at number again triple eight four two
six zero one seventy, seven we talk about out. Percentages
have you done the percentages yourself or has an advisor
or company done that for? You or are they just
(23:13):
simply talking about. Percentages if, so that's a tell tale
sign that you're dealing with an accumulation advisor and not
a distribution, advisor which is a retirement income. Planner pre
(23:38):
retirement or even if you're in retirement, now the planning
phases need to change instead of focusing on THE, g
which is, growth and not THE, i which is. Income
you could be facing a big change later in retirement
(24:04):
that has to be prevented for each. Retiree so the
bottom line here it's not so much as to how
much money you, have but it's all about the amount
you're going to withdraw for income and the guarantee that
(24:27):
that income is going to be there the rest of your.
Retirement and keep in mind that income plan should be
reviewed once a, year for, example and possibly adjusted based
on life. Changes it's not that, difficult but so many
(24:52):
retirees do make it, difficult and AS i mentioned, earlier
that's WHAT i want to. Prevent it's all about you
and those guarantees for your. Future, EARLIER i gave you
a number that you can text me with your questions
(25:15):
or if you want to schedule a meeting or even
a telephone. Call And i'm going to give you that
number again six one four five six five six one zero.
One and you know, what you may be in great,
shape or you're questioning whether you. Are the sooner you find,
(25:39):
out the better off you're going to be going into
retirement or if you're in retirement now once, again that
number is six one four five six five six one zero,
one or call me at eight eight eight four two
six zero zero one seventy. SEVEN i hope you have
(26:04):
enjoyed the show this morning as much As i've enjoyed
bringing this show to you AS i do every week
at the same time and the same. Station I'm John
heischmann with The Safe money And Retirement, Show The.
Speaker 3 (26:21):
Safe money And Retirement Joe 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.
Speaker 2 (00:06):
The Americans are worried they won't have enough safe for retirement.
Now more than ever, retirement's going to cost for many
folks over a million dollars.
Speaker 3 (00:14):
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 1 (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 3 (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
it's the Safe Money and Retirement Show. Here's John Heischman, Senior.
Speaker 2 (00:49):
Thanks for tuning in to the Safe Money and Retirement Show.
I'm your host, John Heischmann. Each week I give you
ideas about out retirement, your retirement money, and some strategies
that work. I've seen them work and they work for
(01:10):
my clients. Everyone works hard for their money. Day in,
day out, we work hard for our money. We get
a paycheck and we save money, or we should be
saving money, try and do the right things, put money away,
(01:30):
save it, invest it, and some goes into retirement accounts.
Then we get to retirement and this is where our
money pays us, just as our employer did while we
were working. The money we've been putting away while working
(01:55):
is called the accumulation phase. But when we hit retirement
in the distribution phase, where we're paid income from all
those years of saving, investing, putting money in retirement accounts. Obviously,
your money needs to work for you. Investments, savings gives
(02:22):
us the paycheck and not the labor, not the eight
hours a day of working, but our money becomes the
source of our income. The problem is we had somebody
pay us while we were working. We knew the amount.
(02:43):
It was there every week like clockwork, and it even
increased over time. So now in retirement, the situation has changed,
and everybody hopes that they're retirement income is going to
be seventy eighty percent of your pre retirement income. I
(03:09):
have some clients that are at one hundred percent of
their pre retirement income that's not common, but those that do,
they're very fortunate. But the point is we've got to
look at making our money work for us. I can't
tell you how many times I talk to people and
(03:33):
once we go over their statements investment, savings, retirement, they
ask me, John, how am I doing relative to other
people that you work with? And that seems to be
a real concern for a lot of people. And it's
(03:54):
because we spend our lives keeping score. Where are we at?
And when you think about it, we've pretty much kept
score with so many things, and probably one of the
most important scores is the retirement money you have. And
(04:17):
the bottom line is with retirement money, that's money that
is going to generate an income for you. What's your score?
Is it seventy percent or eighty percent of your pre
retirement income? And overnight, once you start that first day
(04:41):
of retirement, you're going to go from that saver and
investor to a spender. You're going to spend what you
have accumulated from retirement income. I think it requires a
different thought process Sas in most cases, it requires a
(05:05):
different type of advisor because you've always been advised how
to grow your money, how to make money, and now
you're switching again to a different advisor on how to
generate retirement income. How is the best way? What are
(05:30):
the strategies based on what you're going to have each month?
And to generate additional income from the savings and investments
that you've accumulated. And we get into a situation where
t R equals I plus G. All right, you're thinking,
(05:54):
what do you mean by that? John? What I mean
is total return earn equals income plus growth. So the
income is different advice. The big concern becomes, am I
(06:15):
going to run out of money somewhere during my retirement years?
You're now in retirement and income is the outcome. It's
hard for some people to spend their money. I have
(06:35):
some clients that it's fairly easy. They've got good assets,
they're getting good returns, they have income. They feel very
comfortable spending it because they know what they have and
they know what money is going to be there for
(06:57):
them throughout retirement. And more importantly, it is guaranteed, so
you're not going to run out of money. And that's
where you need advice, whether you're getting ready to retire
or you're already retired, it's not too late to review, update,
(07:24):
or even change strategies. Because what I've seen so many
people I talk to a lot of my radio listeners,
their income isn't set up to where it's guaranteed to
It needs to last the rest of your life. You
can't outlive your money if it's guaranteed a pension plan,
(07:49):
if you're fortunate enough to have a pension plan, your
social security and those savings and investments that you've turned
into guaranteed sources of income. And I'm not referring to
all of your money going towards guaranteed income strategies, an
(08:13):
amount that is needed to supplement your other guaranteed sources
of income. I think it's just common sense smart planning.
And many of you have already taken the steps towards
providing that additional guaranteed income. If you haven't, please give
(08:37):
me a call and we can discuss your situation, how
to make a few changes and it will make a
big difference. Here's the number to call eight eight eight
four to two six zero one seven seven again triple
eight four to two six zero one seventy seven. Send
(09:02):
me a text at six one four five six' five
six one zero. One i'll get back to. You i'll
answer your question or schedule a time to meet at
your convenience six one four five six five six one zero.
(09:24):
One in, retirement, now your money is going to pay you.
First where as before you were paying into your money.
First you're not taking it out of your paycheck before
you get it and putting it in your four to
(09:45):
oh ONE k or YOUR ira. Accounts, again your money's
paying you. Now i've got a question for. You how
much is your money paying you? Now or how much
is it going to pay you when you need that
(10:06):
money for retirement? Income and that's what we have to. Address.
Now you might, say, well my investment advisor tells me
that if we continue to get six seven eight percent
or more in, growth so there's a very good chance
(10:31):
you won't run out of, money especially if you continue
to get that same rate to return in today's. World
do we really want to rely on a percent of? Chance,
well yes we. Do we want one hundred percent guarantee
(10:56):
that we're not going to run out of money regardless
of the interest, rate regardless of what the markets, do
or economic conditions or. Inflation and that's the position you
need to be in and as a client of, Mine
(11:18):
i'm going to make sure you're in that. Position after the,
Break i'm going to continue on this same. TOPIC i
think it's very important in every retiree needs to be
aware of the fact you can have guaranteed. Income write
(11:40):
this number down eight eight eight four to six zero
one seven seven triple eight four six zero one seven to.
Seven i'd like to hear from you about your thoughts
where you are with your income, Planning so stay. Tuned
(12:03):
i'll be right.
Speaker 1 (12:04):
Back thanks for listening To The Safe money And Retirement
show With John. Heischman for more, information call one eight
eight eight or two six zero one seventy. Seven that's
one eight eight eight or two six zero one seven,
seven or visit their website at heischmanfs dot. Com more
of The Safe money And Retirement show in a.
Speaker 2 (12:26):
Moment this Is John, heischman your host with The Safe
money And Retirement. SHOW i have listeners who call in
each week after listening to the show that want to
sit down and just talk about some of the things
THAT i discussed on the. Show there is no, obligation of,
(12:49):
course there's no cost and absolutely no. Pressure nothing is
sold it's just a discussion of WHAT i talked about
over the phone and how it may apply to your particular.
SITUATION i welcome that opportunity and encourage you to contact
(13:11):
my office in the event you would like to discuss any,
topic WHETHER i talked about it on the show or.
Not answer your questions and. Concerns eight eight eight four
two six zero one seven. Seven it's your retirement and
(13:32):
regardless the size of your, accounts that's your money and
it's got to last a. LIFETIME a meeting can be
scheduled in my office or at your. Home the local
number is six one four eight six one seven oh five.
(13:52):
Five that's six one four eight six one seven oh
five five eight eight eight four two six zero one seven.
Speaker 1 (14:05):
Seven 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
(14:25):
one seven. Seven once, again Here's John.
Speaker 2 (14:27):
Heischman this Is John, heischmann And i'm back with the
second part of our show this morning On Safe money
And Retirement. Show you know last MONTH i came across
a referral from one of my, clients and their question,
(14:49):
was can you tell me how much MONEY i am
going to receive as far as income each month in
Retur so my response, was do you have any idea
based on the accounts you have that are going to
(15:11):
produce monthly? Income and his response, was IF i get
an average rate of return and make it to my life,
EXPECTANCY i Think i'm in good. Shape and this individual
had a good sizeable amount coming from his four to
(15:34):
ONE k that was all market, based but the amount
needed was going to be a little bit high because
this individual did not have a pension plan but did
Have Social. Security so my response, was AS i try
(15:58):
to point out with EVERYONE i talk, to we need
to address something called sequence of return, risk and that,
is if your losses come early and you get the
same percentage average rate to return as out of a
(16:22):
portfolio where the losses came late in your, lifespan do
you realize the first case might cause you to run
out of money or at least be severely. Diminished and
that's because average rate to return is not what you look.
(16:44):
At you want to know how much money is going
to be there guaranteed as far as, Percentages AND i
know everybody does look at, percentages but in, reality our
life is in. Percentages so let's say you have an
(17:06):
investment that's going to earn you ten, percent and you
put a million dollars in or let's say one. Thousand
it really doesn't matter how much you put in because
investments work on. Percentages but going back to the million
(17:28):
oh ten percent would be nice because that would give
you one hundred thousand dollars per, year assuming you withdrew ten. Percent,
now first of, all a ten percent rate of withdrawal
is a very high withdrawal. Rate are you going to
(17:49):
get a ten percent rate of return year after year
after year to generate that amount of Withdrew we're all
each year throughout. Retirement and if you don't get that
ten percent return in any given, year let's say it
(18:11):
drops to four percent or six, percent you're now withdrawing
your interest and part of your principle to get that
one hundred thousand dollars per year of retirement. Income so,
really one million dollars put aside for retirement isn't going
(18:34):
to be that much in this scenario with that type
of withdrawal. Rate and here's where planning comes. In that
is WHAT i. Do make sure your withdrawal rate can
(18:55):
support that type of. Income in this, scenario might answer
is no because it's a. Gamble once, again you're gambling
on a rate of return of ten, percent And i've
talked about it on the show before actually quite a few,
times depending on. Age we want to look at a
(19:19):
four to five percent withdrawal rate because your money should
earn OR i should say WHERE i recommend your money
to be placed to generate, income should be getting averaging
four to five percent rate of return or more a
(19:43):
safe withdrawal, rate making sure you don't run out of,
money and if your plan performs better than, anticipated we
can raise your income as time goes. On if you
go into a retirement income plan with a high rate of,
(20:09):
WITHDRAWAL i think you're asking for trouble later on in.
Retirement what has to, Happen first of, all a detailed
budget of anticipated expenses during. Retirement where can a retiree cut,
back trim, expenses then adjust income based on. Safety we
(20:37):
all see articles and pop ups that come across the
computer that says can you retire on a million? Dollars
there's two answers to that. Question yes you can and
no you. Can't, again it depends on your withdrawal. Rate
(21:02):
you can if it's the safe withdrawal. Percentage you can't
if it's, six eight or ten. Percent like my. Example
it may work, out but counting on that type of
growth return year after year after, YEAR i think is
(21:25):
going to create a big surprise later on in, retirement
especially today the way longevity has. Changed people are living.
Longer that's, great but it creates a problem of making
sure your income is going to last for the rest
(21:45):
of your. Life so that's one of the things THAT
i show my. Clients establish that guaranteed lifetime income first and,
foremost and then put what's left in market based, plans potential,
(22:05):
growth potential future. Income if it works, out but if
it doesn't work, out you at least have the peace
of mind it's going to work out as far as,
income BECAUSE i know what's coming in for the rest
of my. Life and i'd like to show you HOW
(22:27):
i do, that what has worked for my clients making
sure you're within that safe withdrawal. Rate let's talk about
your situation AND i can show you the strategies. Used
here's the number eight eight eight four two six zero
(22:48):
one seven seven at number again triple eight four two
six zero one seventy, seven we talk about out. Percentages
have you done the percentages yourself or has an advisor
or company done that for? You or are they just
(23:13):
simply talking about. Percentages if, so that's a tell tale
sign that you're dealing with an accumulation advisor and not
a distribution, advisor which is a retirement income. Planner pre
(23:38):
retirement or even if you're in retirement, now the planning
phases need to change instead of focusing on THE, g
which is, growth and not THE, i which is. Income
you could be facing a big change later in retirement
(24:04):
that has to be prevented for each. Retiree so the
bottom line here it's not so much as to how
much money you, have but it's all about the amount
you're going to withdraw for income and the guarantee that
(24:27):
that income is going to be there the rest of your.
Retirement and keep in mind that income plan should be
reviewed once a, year for, example and possibly adjusted based
on life. Changes it's not that, difficult but so many
(24:52):
retirees do make it, difficult and AS i mentioned, earlier
that's WHAT i want to. Prevent it's all about you
and those guarantees for your. Future, EARLIER i gave you
a number that you can text me with your questions
(25:15):
or if you want to schedule a meeting or even
a telephone. Call And i'm going to give you that
number again six one four five six five six one zero.
One and you know, what you may be in great,
shape or you're questioning whether you. Are the sooner you find,
(25:39):
out the better off you're going to be going into
retirement or if you're in retirement now once, again that
number is six one four five six five six one zero,
one or call me at eight eight eight four two
six zero zero one seventy. SEVEN i hope you have
(26:04):
enjoyed the show this morning as much As i've enjoyed
bringing this show to you AS i do every week
at the same time and the same. Station I'm John
heischmann with The Safe money And Retirement, Show The.
Speaker 3 (26:21):
Safe money And Retirement Joe 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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