May 13, 2025 • 13 mins
Retirement planning can be daunting, especially when considering tariffs and economic fluctuations. Jon Hicks explores how retirees and soon-to-be retirees can assess their financial position, understand their income sources, and ensure their financial stability. John Hicks and his team delve into what it means to be 'positioned well' and share insights on spending wisely, protecting your income, and making thoughtful decisions about your finances in retirement. Schedule your complimentary appointment today: RetirementSolutionShow.com Follow us on social media: YouTube | Facebook | LinkedInSee omnystudio.com/listener for privacy information.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
This is the Retirement Solution Podcast with financial advisor John Hicks,
founder of jay Hagen Capital.
Speaker 2 (00:07):
The moments when tariffs go Nascar.
Speaker 3 (00:11):
Woh, is that a thing? They're going to triff Nascar?
Speaker 2 (00:14):
I think so it's a thing today. It's all part
of the conversation that.
Speaker 3 (00:17):
Is uniquely American. You know, you know, you see F
one racers and you know grand to reason of races.
They have a very different brogue, if you will, than
NASCAR NASCAR where Rubbens racing, Ricky Bobby.
Speaker 2 (00:29):
Listen. I'm just saying that nobody is safe. Even the
NASCAR drivers need to think about the tariffs that may
or may not come and how it will or will
not affect them. This is John Hicks, financial advisor, founder
of ja Hagen Capital, here to share some of his
wealth of knowledge about your wealth and how to do
better with it in the years ahead. The idea of
(00:50):
making that money last is the thing that John spends
his days and nights and weekends and holidays thinking about,
obsessing over, if you will, and we are very grateful
to you, sir, for sacrifice in that time, because for
the rest of us it can be mind blowing to
think about all the things we got to think about
for our retirement. But at Jahagen Capital, they are here
to help retirement solutions. Show dot com is where you
(01:11):
can go to start the conversation with John and his team.
We also have links posted in the show notes. Today
we're going to talk tariffs in a sense of how
it spreads across all industries because I mean, obviously politicians
and investors have been talking terrorists for a while now,
and so is NASCAR driver Brad Keselowski. He in fact
(01:34):
co owns his racing team, and this is what he
had to say.
Speaker 4 (01:38):
Yeah, a lot of our single source parts come from
here in the United States. Don't know a lot of
them that don't. At this point in time, I don't
see there being a drastic effect for us. But generally speaking,
in the short term, everybody has contracts and commitments and
all those things. Long term, you know, it can't really
answer much for I know that we're in a good
spot with you know, all of our sponsors and you
know deals that we have, and I feel like you're
(02:00):
never immune, but we're positioned well.
Speaker 2 (02:03):
I mean, Brad sounds you know what Brad has. Brad
got confidence about him. There's an air of confidence in
the way he was speaking just now that I want
for myself when it comes to my financial position.
Speaker 3 (02:16):
Little Nascar swagger, that's it.
Speaker 4 (02:18):
Yeah.
Speaker 2 (02:18):
I liked it. I respected it. And he said the
words positioned well, which also is goals for many of us.
Speaker 3 (02:25):
John, Yeah, you know, so I kind of like what
he said. I thought it was interesting. I never would
have thought that, you know, tariffs would actually affect NASCAR
in any way. But he is mostly American sponsorships, right,
so I mean if you have Ferrari or if you
have something like that or tag you or which is
you know, Swiss, then you may have a different situation.
But I thought it was very interesting because what he
mentioned was you know, hey, we look positioned well, but
(02:48):
the question is for all of us, right so, you know,
who knows. Every day there's a different headline about which
direction of tariffs. And I even saw one over last
weekend talking where Trump was finally talking about some of
the end goals, not just the means. Who's talking about Hey,
you know understand, you know, we have the internal revenue service.
The tariffs effectively could be the external revenue service, and
(03:11):
we could actually even see American taxpayers paying less money
in the form of taxation because we're going to get
some of this money from overseas. Now, see, that runs
counter to a lot of the other stories I've read
and seen and experts that have said, you know, really
this is just a negotiating tactic. So we really still
don't know what is exactly going to happen and what
the ultimate goal is. Is it going to truly be
(03:32):
a revenue raising tool for the country and for us
to maybe pay less taxes, or is it truly going
to be just a bargaining chip or a bargaining tool
so that we can get everyone else to renegotiate some
maybe maybe not good trade deals that we have. Right,
So it's really hard to know, but amazingly every one
of us in our own financial situations can learn something
(03:54):
from this, Right It's a really good time to assess.
Who knows what's going to happen with tariffs, But the
question is how how are we positioned?
Speaker 2 (04:01):
You know.
Speaker 3 (04:01):
One of the things that the NASCAR guy who was
it Becauselowski Yah, one of the things he said was
you know that you feel like he's positioned. Well, yeah,
this is a great question. A lot of people I
talk to, They get you know, cold, you know, clammy
hands at night because they don't know how well they're positioned.
They don't know where that income is going to come
from if the market stay you know, depressed for very long, right,
and who knows what's going to happen tomorrow or the
(04:22):
next day. You know, there are some interesting things out
there in the mix that we truly there's no way
to know. No financial advisor knows, none of the talking
heads on c NBC certainly, no one on any of
the nightly news knows what's going to happen next. So
we just want to really assess, you know, Number one,
how are we protected and in what ways? You know,
do we have a pension that we know is going
(04:43):
to be secure. Do we feel pretty confident in our
income sources we're going to have in retirement?
Speaker 2 (04:48):
Right?
Speaker 3 (04:48):
So those are things that you may be positioned well
yourself if you have your income and your protections lined
up for retirement, right. And it shouldn't have to stop
someone from waiting, you know, to retire or anything like
that as long as you know you're positioned well. I
think one of the biggest thing that people do how
they focus on how much money have I saved? How
much money have I saved? How much money I've saved? Right,
And that's it's certainly a piece of the puzzle. But
(05:10):
really we have to understand how much money do you
need to spend? How much money do you need to spend?
It's really the budget, right. Even if you look at
the United States overall, we don't really have an income problem.
We don't have a revenue problem. We bring in tons
of money. We have a spending problem.
Speaker 5 (05:25):
Right.
Speaker 3 (05:25):
We've been out spending what we've been bringing in way
too much, and that's why we have kind of the issues.
We have thirty six trillion dollars of federal debt. We
still at this point in time, have a budget deficit.
Looks like this year I just noticed that, or I
just saw that Congress is going to expect to borrow
another four hundred and eighty billion dollars this quarter, you know,
(05:46):
to try to firm things up. Hopefully they can fix
some of that stuff. But guy, see, that's not an
income problem. That's a spending problem. And that's one of
the things we can absolutely pay attention to. You know,
as we're assessing, Hey, are we ready regardless of tariffs.
Are we ready for what happens next?
Speaker 2 (06:01):
You mentioned spending problems.
Speaker 3 (06:03):
We'll get a bunch of them.
Speaker 2 (06:04):
I know, well, but on a local level, on an
individual level, I know if we can flip the narrative
a little bit. The interesting thing that you see happen
a lot is spending problems. People don't spend it enough.
It's like, hey, go on and get out of there
and take that trip and buy that car and do
that thing. Do you really feel like leaving all this
money to your kids and great kids.
Speaker 3 (06:25):
That's one of the biggest things that we learn, especially
from small business owners are thinking about exiting their business. Yeah,
they don't really know how they're going to sell it.
They don't know how they're going to monetize. You know,
their blood, sweat and tears for all those years. But
what they've realized is depending on where they position their money.
A lot of them they've oversaved. They've got tons of money.
And I talk to people all the time. They come
in and they get like four million dollars and they
(06:46):
only spend like four thousand dollars a month. Heck, you know,
their social security is going to get really close to
covering their monthly expenditures. But what has happened is that
they've gotten in this frame of mind, this frame of
mind of why just got to keep put money away,
just got to keep putting money away for a rainy
day or whatever, and they get to a point where
it doesn't matter how many boat loads and scads of
(07:07):
cash they have, they don't even know how to spend
it anymore. And that to me is problematic. Right if
you knew. Let's say you've got some lower back pain.
I mean, when's the last time you actually went to
go see a chiropractor And people say, I don't want
to spend you know, I don't want to spend money
on that. I don't want to spend money on that.
Or they drive an old car, not because you know,
they they just don't want to go through the expense.
But they have tons and tons of money. So one
(07:28):
of the bigger things about understanding how you're protecting where
your income is going to come from. It can stop
that underspending problem. There is a lot of us that
won't do any much good with our money. We're just
going to die being the richest person in the graveyard.
That is not being a very good steward of your finances.
At the very minimum, you could have been giving it
(07:49):
to a church or a civic group, or if someone
to help out your neighbors, or to your grandkids. Right,
and I'm not talking about just handing money away, you know,
like Daddy Warbucks. I'm talking literally just thinking, Man, if
you know you don't have a revenue problem, you know
you're not gonna have an income problem, what good could
you do in this world? Right? You know, we talk
(08:10):
about all these billionaires that have signed the Giving Pledge,
like Bill Gates and Warren Buffett, and their whole point is, Hey,
you know we're gonna we're gonna have tons of money
to give to our next generations and surviving spouses and
things like that. But hey, we're going to give a
lot of this away. You know, we shouldn't be the
only people to benefit from all of this wealth. We're
going to give it to good organizations that help others.
(08:33):
I think that's a great idea if you're at that
point in time. But if you don't plan for that, guys,
no one's gonna remember your legacy. You're just gonna have
a big old fat bank account and you be gone
one day, no one will have known what you could
have done, right. So that's another part of that process
of planning as we're going through it. If you know
you're going to be fine, what is the best way
to be a good steward of your money? And I
(08:54):
don't mean just giving it away. If you know you're
going to be fine, what other things could you do?
Would it make sense to help out out your kids
or grandkids, and not everyone wants to do that. Would
it help out your church to help them with some
of that debt burden maybe from that new chapel that
they put on, or that the after school program that
they run, Or would it help to subsidize some of
the younger families that don't have enough money for childcare,
(09:17):
you know, help to do that. Would those benefit your life?
Would you get an enjoyment out of that? Because guys,
those are also expenditures. I just happen to think they're
great ones. Those are what we want to do. Those
are how we remembered over the course of life. But
if we don't understand what our money is built to do,
how much we need to spend, and how much we
have coming in, guys, we're probably missing on a lot
of opportunities to do a lot of good, not just
(09:38):
for yourself or your family, but for your neighborhood and
in your community, which I think unfortunately, you know, that's
something else to be discussed.
Speaker 2 (09:46):
You said a very poignant statement. Though a minute it
goes on. You said, if you know you don't have
an income problem? And I think that that's what it
really all gets down to, is having the knowledge of
where you are. I mean, we started this whole conversation
talk about being positioned, well, how do you even know
how well positioned you are? How do you know if
you have an income problem or not? This is what
(10:08):
we get down to, the nitty gritty when it comes
to going through people's finances with them creating these plans
to give them that knowledge.
Speaker 3 (10:14):
Right, absolutely. Yeah. So you know most people that we
live a little bit, a little bit in fear, and
if you look at some of the most successful people
out there, they say, you know, there's a good amount
of hard work and gumption, there's a little bit of paranoia.
You're so afraid that could be taken away from you.
You just put your head down and keep working harder. Right,
I think Ray Dalio said that I can't remember. There's another,
a very poignant, very wealthy person who said, hey, a
(10:36):
lot of this is based on, you know, just being
paralyzed that you could you could not have anything, so
you just put your head down and you work harder.
We need to actually look at that situation, right, We
need to actually look what can we do at this
phase now? If we're thinking about retirement or we're already retired, now,
we need to look at it. Hey, that one million,
based on assumptions is going to turn into four million
over the course of your lifetime if we get normal
(10:58):
growth rates. What do you do with four million bucks
when you're gone? Is the government going to take more
of it because it's going to be taxed? Or could
you do little things today to make not only your
life more beneficial but those around you? Right? Those are
really smart things that we can consider, but it all
starts with understanding where are we today, what do we
want to accomplish, how are we protected? And do we
(11:19):
know where that income is coming from? They're not huge things, right,
It's not rocket science, but it is something that we
just need to pay attention to. Because every majorly successful
person I've met at some point in time they have
to change that paradigm of thought. It's not about saving
anymore or just trying to a mass a bigger boat.
It's about understanding, hey, what can you do now? Do
it benefit your life the most, to your family's life,
(11:40):
or your friends or your communities, and go that direction.
Speaker 2 (11:44):
Helping you to understand what you can do now, particularly
as you moved to this next phase, this second phase
of your financial life. This is what John and his
team are doing every single day in the office and
can do with and for you as well. So let's
get started. Our website, retirementsshow dot com is where to
go to start the conversation with John and his team
understanding what little things you can be doing in the
(12:07):
days and the weeks and the months that are going
to lead to big benefits, big goals being achieved, the
things that you want to see happen for yourself, your life,
your family's life in the years ahead. This is all
part of the planning process and John and his team
ready to help you show you what you can do,
what your options are, and most importantly, give you the knowledge,
give you the information so that you can make the
(12:27):
decisions you want to make going forward again. It's Retirement
Solution Show dot com, where you can just click on
links we got posted in the show notes.
Speaker 1 (12:35):
Thanks for listening to The Retirement Solution Podcast with John Hicks.
Begin the conversation about your savings plan with John and
the team at Jahagen Capital by visiting Retirement Solution Radio
dot com. Be sure to listen to John's radio show,
The Retirement Solution, Saturdays at eight am and Sundays at
nine am on NewsRadio eight forty Whas.
Speaker 5 (12:56):
Jagan Capital Incorporated is not licensed in all fifty states. Note,
if Jay Higgan Capital Incorporated is licensed in your state,
please call five zero two sixty nine oh fifty six
thirty five. J Higgan Capital, Incorporated is not affiliated with,
nor endorsed by the Social Security Administration or any other
government agency, and does not provide legal or tax advice.
By contacting house, you may be provided with information about
insurance and annuity products offered from j Higgin Capital LLCNPN
(13:17):
number one eight eight two seven zero nine four
This is the Retirement Solution Podcast with financial advisor John Hicks,
founder of jay Hagen Capital.
Speaker 2 (00:07):
The moments when tariffs go Nascar.
Speaker 3 (00:11):
Woh, is that a thing? They're going to triff Nascar?
Speaker 2 (00:14):
I think so it's a thing today. It's all part
of the conversation that.
Speaker 3 (00:17):
Is uniquely American. You know, you know, you see F
one racers and you know grand to reason of races.
They have a very different brogue, if you will, than
NASCAR NASCAR where Rubbens racing, Ricky Bobby.
Speaker 2 (00:29):
Listen. I'm just saying that nobody is safe. Even the
NASCAR drivers need to think about the tariffs that may
or may not come and how it will or will
not affect them. This is John Hicks, financial advisor, founder
of ja Hagen Capital, here to share some of his
wealth of knowledge about your wealth and how to do
better with it in the years ahead. The idea of
(00:50):
making that money last is the thing that John spends
his days and nights and weekends and holidays thinking about,
obsessing over, if you will, and we are very grateful
to you, sir, for sacrifice in that time, because for
the rest of us it can be mind blowing to
think about all the things we got to think about
for our retirement. But at Jahagen Capital, they are here
to help retirement solutions. Show dot com is where you
(01:11):
can go to start the conversation with John and his team.
We also have links posted in the show notes. Today
we're going to talk tariffs in a sense of how
it spreads across all industries because I mean, obviously politicians
and investors have been talking terrorists for a while now,
and so is NASCAR driver Brad Keselowski. He in fact
(01:34):
co owns his racing team, and this is what he
had to say.
Speaker 4 (01:38):
Yeah, a lot of our single source parts come from
here in the United States. Don't know a lot of
them that don't. At this point in time, I don't
see there being a drastic effect for us. But generally speaking,
in the short term, everybody has contracts and commitments and
all those things. Long term, you know, it can't really
answer much for I know that we're in a good
spot with you know, all of our sponsors and you
know deals that we have, and I feel like you're
(02:00):
never immune, but we're positioned well.
Speaker 2 (02:03):
I mean, Brad sounds you know what Brad has. Brad
got confidence about him. There's an air of confidence in
the way he was speaking just now that I want
for myself when it comes to my financial position.
Speaker 3 (02:16):
Little Nascar swagger, that's it.
Speaker 4 (02:18):
Yeah.
Speaker 2 (02:18):
I liked it. I respected it. And he said the
words positioned well, which also is goals for many of us.
Speaker 3 (02:25):
John, Yeah, you know, so I kind of like what
he said. I thought it was interesting. I never would
have thought that, you know, tariffs would actually affect NASCAR
in any way. But he is mostly American sponsorships, right,
so I mean if you have Ferrari or if you
have something like that or tag you or which is
you know, Swiss, then you may have a different situation.
But I thought it was very interesting because what he
mentioned was you know, hey, we look positioned well, but
(02:48):
the question is for all of us, right so, you know,
who knows. Every day there's a different headline about which
direction of tariffs. And I even saw one over last
weekend talking where Trump was finally talking about some of
the end goals, not just the means. Who's talking about Hey,
you know understand, you know, we have the internal revenue service.
The tariffs effectively could be the external revenue service, and
(03:11):
we could actually even see American taxpayers paying less money
in the form of taxation because we're going to get
some of this money from overseas. Now, see, that runs
counter to a lot of the other stories I've read
and seen and experts that have said, you know, really
this is just a negotiating tactic. So we really still
don't know what is exactly going to happen and what
the ultimate goal is. Is it going to truly be
(03:32):
a revenue raising tool for the country and for us
to maybe pay less taxes, or is it truly going
to be just a bargaining chip or a bargaining tool
so that we can get everyone else to renegotiate some
maybe maybe not good trade deals that we have. Right,
So it's really hard to know, but amazingly every one
of us in our own financial situations can learn something
(03:54):
from this, Right It's a really good time to assess.
Who knows what's going to happen with tariffs, But the
question is how how are we positioned?
Speaker 2 (04:01):
You know.
Speaker 3 (04:01):
One of the things that the NASCAR guy who was
it Becauselowski Yah, one of the things he said was
you know that you feel like he's positioned. Well, yeah,
this is a great question. A lot of people I
talk to, They get you know, cold, you know, clammy
hands at night because they don't know how well they're positioned.
They don't know where that income is going to come
from if the market stay you know, depressed for very long, right,
and who knows what's going to happen tomorrow or the
(04:22):
next day. You know, there are some interesting things out
there in the mix that we truly there's no way
to know. No financial advisor knows, none of the talking
heads on c NBC certainly, no one on any of
the nightly news knows what's going to happen next. So
we just want to really assess, you know, Number one,
how are we protected and in what ways? You know,
do we have a pension that we know is going
(04:43):
to be secure. Do we feel pretty confident in our
income sources we're going to have in retirement?
Speaker 2 (04:48):
Right?
Speaker 3 (04:48):
So those are things that you may be positioned well
yourself if you have your income and your protections lined
up for retirement, right. And it shouldn't have to stop
someone from waiting, you know, to retire or anything like
that as long as you know you're positioned well. I
think one of the biggest thing that people do how
they focus on how much money have I saved? How
much money have I saved? How much money I've saved? Right,
And that's it's certainly a piece of the puzzle. But
(05:10):
really we have to understand how much money do you
need to spend? How much money do you need to spend?
It's really the budget, right. Even if you look at
the United States overall, we don't really have an income problem.
We don't have a revenue problem. We bring in tons
of money. We have a spending problem.
Speaker 5 (05:25):
Right.
Speaker 3 (05:25):
We've been out spending what we've been bringing in way
too much, and that's why we have kind of the issues.
We have thirty six trillion dollars of federal debt. We
still at this point in time, have a budget deficit.
Looks like this year I just noticed that, or I
just saw that Congress is going to expect to borrow
another four hundred and eighty billion dollars this quarter, you know,
(05:46):
to try to firm things up. Hopefully they can fix
some of that stuff. But guy, see, that's not an
income problem. That's a spending problem. And that's one of
the things we can absolutely pay attention to. You know,
as we're assessing, Hey, are we ready regardless of tariffs.
Are we ready for what happens next?
Speaker 2 (06:01):
You mentioned spending problems.
Speaker 3 (06:03):
We'll get a bunch of them.
Speaker 2 (06:04):
I know, well, but on a local level, on an
individual level, I know if we can flip the narrative
a little bit. The interesting thing that you see happen
a lot is spending problems. People don't spend it enough.
It's like, hey, go on and get out of there
and take that trip and buy that car and do
that thing. Do you really feel like leaving all this
money to your kids and great kids.
Speaker 3 (06:25):
That's one of the biggest things that we learn, especially
from small business owners are thinking about exiting their business. Yeah,
they don't really know how they're going to sell it.
They don't know how they're going to monetize. You know,
their blood, sweat and tears for all those years. But
what they've realized is depending on where they position their money.
A lot of them they've oversaved. They've got tons of money.
And I talk to people all the time. They come
in and they get like four million dollars and they
(06:46):
only spend like four thousand dollars a month. Heck, you know,
their social security is going to get really close to
covering their monthly expenditures. But what has happened is that
they've gotten in this frame of mind, this frame of
mind of why just got to keep put money away,
just got to keep putting money away for a rainy
day or whatever, and they get to a point where
it doesn't matter how many boat loads and scads of
(07:07):
cash they have, they don't even know how to spend
it anymore. And that to me is problematic. Right if
you knew. Let's say you've got some lower back pain.
I mean, when's the last time you actually went to
go see a chiropractor And people say, I don't want
to spend you know, I don't want to spend money
on that. I don't want to spend money on that.
Or they drive an old car, not because you know,
they they just don't want to go through the expense.
But they have tons and tons of money. So one
(07:28):
of the bigger things about understanding how you're protecting where
your income is going to come from. It can stop
that underspending problem. There is a lot of us that
won't do any much good with our money. We're just
going to die being the richest person in the graveyard.
That is not being a very good steward of your finances.
At the very minimum, you could have been giving it
(07:49):
to a church or a civic group, or if someone
to help out your neighbors, or to your grandkids. Right,
and I'm not talking about just handing money away, you know,
like Daddy Warbucks. I'm talking literally just thinking, Man, if
you know you don't have a revenue problem, you know
you're not gonna have an income problem, what good could
you do in this world? Right? You know, we talk
(08:10):
about all these billionaires that have signed the Giving Pledge,
like Bill Gates and Warren Buffett, and their whole point is, Hey,
you know we're gonna we're gonna have tons of money
to give to our next generations and surviving spouses and
things like that. But hey, we're going to give a
lot of this away. You know, we shouldn't be the
only people to benefit from all of this wealth. We're
going to give it to good organizations that help others.
(08:33):
I think that's a great idea if you're at that
point in time. But if you don't plan for that, guys,
no one's gonna remember your legacy. You're just gonna have
a big old fat bank account and you be gone
one day, no one will have known what you could
have done, right. So that's another part of that process
of planning as we're going through it. If you know
you're going to be fine, what is the best way
to be a good steward of your money? And I
(08:54):
don't mean just giving it away. If you know you're
going to be fine, what other things could you do?
Would it make sense to help out out your kids
or grandkids, and not everyone wants to do that. Would
it help out your church to help them with some
of that debt burden maybe from that new chapel that
they put on, or that the after school program that
they run, Or would it help to subsidize some of
the younger families that don't have enough money for childcare,
(09:17):
you know, help to do that. Would those benefit your life?
Would you get an enjoyment out of that? Because guys,
those are also expenditures. I just happen to think they're
great ones. Those are what we want to do. Those
are how we remembered over the course of life. But
if we don't understand what our money is built to do,
how much we need to spend, and how much we
have coming in, guys, we're probably missing on a lot
of opportunities to do a lot of good, not just
(09:38):
for yourself or your family, but for your neighborhood and
in your community, which I think unfortunately, you know, that's
something else to be discussed.
Speaker 2 (09:46):
You said a very poignant statement. Though a minute it
goes on. You said, if you know you don't have
an income problem? And I think that that's what it
really all gets down to, is having the knowledge of
where you are. I mean, we started this whole conversation
talk about being positioned, well, how do you even know
how well positioned you are? How do you know if
you have an income problem or not? This is what
(10:08):
we get down to, the nitty gritty when it comes
to going through people's finances with them creating these plans
to give them that knowledge.
Speaker 3 (10:14):
Right, absolutely. Yeah. So you know most people that we
live a little bit, a little bit in fear, and
if you look at some of the most successful people
out there, they say, you know, there's a good amount
of hard work and gumption, there's a little bit of paranoia.
You're so afraid that could be taken away from you.
You just put your head down and keep working harder. Right,
I think Ray Dalio said that I can't remember. There's another,
a very poignant, very wealthy person who said, hey, a
(10:36):
lot of this is based on, you know, just being
paralyzed that you could you could not have anything, so
you just put your head down and you work harder.
We need to actually look at that situation, right, We
need to actually look what can we do at this
phase now? If we're thinking about retirement or we're already retired, now,
we need to look at it. Hey, that one million,
based on assumptions is going to turn into four million
over the course of your lifetime if we get normal
(10:58):
growth rates. What do you do with four million bucks
when you're gone? Is the government going to take more
of it because it's going to be taxed? Or could
you do little things today to make not only your
life more beneficial but those around you? Right? Those are
really smart things that we can consider, but it all
starts with understanding where are we today, what do we
want to accomplish, how are we protected? And do we
(11:19):
know where that income is coming from? They're not huge things, right,
It's not rocket science, but it is something that we
just need to pay attention to. Because every majorly successful
person I've met at some point in time they have
to change that paradigm of thought. It's not about saving
anymore or just trying to a mass a bigger boat.
It's about understanding, hey, what can you do now? Do
it benefit your life the most, to your family's life,
(11:40):
or your friends or your communities, and go that direction.
Speaker 2 (11:44):
Helping you to understand what you can do now, particularly
as you moved to this next phase, this second phase
of your financial life. This is what John and his
team are doing every single day in the office and
can do with and for you as well. So let's
get started. Our website, retirementsshow dot com is where to
go to start the conversation with John and his team
understanding what little things you can be doing in the
(12:07):
days and the weeks and the months that are going
to lead to big benefits, big goals being achieved, the
things that you want to see happen for yourself, your life,
your family's life in the years ahead. This is all
part of the planning process and John and his team
ready to help you show you what you can do,
what your options are, and most importantly, give you the knowledge,
give you the information so that you can make the
(12:27):
decisions you want to make going forward again. It's Retirement
Solution Show dot com, where you can just click on
links we got posted in the show notes.
Speaker 1 (12:35):
Thanks for listening to The Retirement Solution Podcast with John Hicks.
Begin the conversation about your savings plan with John and
the team at Jahagen Capital by visiting Retirement Solution Radio
dot com. Be sure to listen to John's radio show,
The Retirement Solution, Saturdays at eight am and Sundays at
nine am on NewsRadio eight forty Whas.
Speaker 5 (12:56):
Jagan Capital Incorporated is not licensed in all fifty states. Note,
if Jay Higgan Capital Incorporated is licensed in your state,
please call five zero two sixty nine oh fifty six
thirty five. J Higgan Capital, Incorporated is not affiliated with,
nor endorsed by the Social Security Administration or any other
government agency, and does not provide legal or tax advice.
By contacting house, you may be provided with information about
insurance and annuity products offered from j Higgin Capital LLCNPN
(13:17):
number one eight eight two seven zero nine four
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