1 00:00:00,200 --> 00:00:03,240 Speaker 1: Now adjust the volume control so that the sound can 2 00:00:03,320 --> 00:00:08,160 Speaker 1: be heard in all parts of the room. 3 00:00:08,440 --> 00:00:12,520 Speaker 2: This is to Protect your Assets podcast sun Man. 4 00:00:12,720 --> 00:00:16,080 Speaker 1: You get the idea of me on the internet? Make 5 00:00:16,160 --> 00:00:19,159 Speaker 1: him the cut go on. 6 00:00:21,400 --> 00:00:25,280 Speaker 2: It's like no cheese I've ever taste. 7 00:00:25,760 --> 00:00:31,440 Speaker 1: Are you afraid of running out of money in retirement? Well, 8 00:00:31,600 --> 00:00:36,200 Speaker 1: many advisors recommend that you withdraw about four percent from 9 00:00:36,240 --> 00:00:40,280 Speaker 1: your portfolio each year to avoid running out of money. 10 00:00:40,320 --> 00:00:44,400 Speaker 1: But did you know that this strategy could actually cause 11 00:00:44,440 --> 00:00:47,320 Speaker 1: you to run out of money? Clear your schedule for 12 00:00:47,360 --> 00:00:50,120 Speaker 1: the next hour as I unveil how the four percent 13 00:00:50,280 --> 00:00:54,240 Speaker 1: rule could cause you to run out of income and retirement. 14 00:00:54,320 --> 00:00:57,440 Speaker 1: Good morning. I am David Holland or your host, So 15 00:00:57,560 --> 00:00:59,720 Speaker 1: good to be with you this morning. This is Protect 16 00:00:59,720 --> 00:01:02,680 Speaker 1: your Assets. For those of you just joining us for 17 00:01:02,720 --> 00:01:06,360 Speaker 1: the first time, welcome you. Hear the jingle. People around 18 00:01:06,400 --> 00:01:10,520 Speaker 1: here they call me the Sandman. You can always email 19 00:01:10,560 --> 00:01:14,120 Speaker 1: me a question and how you do that as you 20 00:01:14,120 --> 00:01:18,959 Speaker 1: send that email to questions at PYA radio stands for 21 00:01:19,240 --> 00:01:24,360 Speaker 1: Protect your Assets Radio dot com Again, questions at pyaradio 22 00:01:25,280 --> 00:01:29,800 Speaker 1: dot com. So I was just talking about this recent 23 00:01:30,000 --> 00:01:35,959 Speaker 1: survey that says the number one fear of retirees is 24 00:01:36,200 --> 00:01:38,760 Speaker 1: running out of money in retirement. But one of the 25 00:01:38,840 --> 00:01:42,800 Speaker 1: rules I've recently heard when it comes to retirement is 26 00:01:43,000 --> 00:01:47,480 Speaker 1: withdrawing four percent each year from your investments to avoid 27 00:01:48,240 --> 00:01:51,640 Speaker 1: running out of money during your retirement. If you follow it, 28 00:01:51,640 --> 00:01:57,080 Speaker 1: it's possible to actually run out of money in retirement. 29 00:01:58,080 --> 00:01:59,960 Speaker 1: And that's why you need to listen to the entire 30 00:02:00,280 --> 00:02:03,360 Speaker 1: show today because we're going to discuss what is called 31 00:02:03,520 --> 00:02:10,840 Speaker 1: the four percent rule. Now let's get started. Well, another 32 00:02:11,240 --> 00:02:14,560 Speaker 1: interesting week in the market. You got the Dall Jones 33 00:02:14,639 --> 00:02:17,680 Speaker 1: down two percent, you got the SMP off one point six, 34 00:02:17,919 --> 00:02:22,320 Speaker 1: Nasdaq down one point three, you're today nasdac's almost off 35 00:02:22,360 --> 00:02:25,720 Speaker 1: five percent. You got the MSCI International Index, which was 36 00:02:25,720 --> 00:02:29,960 Speaker 1: looking so strong till now, off one point one percent 37 00:02:30,639 --> 00:02:34,519 Speaker 1: this past week. And you got the Tenure Treasury around 38 00:02:34,520 --> 00:02:37,480 Speaker 1: four point two eight percent. But the big story, you 39 00:02:37,639 --> 00:02:42,400 Speaker 1: guessed it, it's oil, and oil closed Friday at ninety 40 00:02:42,440 --> 00:02:47,280 Speaker 1: eight point sixty five a barrow. Anyway, this past week, 41 00:02:47,320 --> 00:02:50,800 Speaker 1: we had WTI crewed futures approaching one hundred and twenty 42 00:02:50,919 --> 00:02:53,160 Speaker 1: dollars a barrel at one point early in the week, 43 00:02:54,280 --> 00:02:56,280 Speaker 1: and then that started to come back down again once 44 00:02:56,360 --> 00:03:01,040 Speaker 1: President Trump said that the conflict should and soon and 45 00:03:01,200 --> 00:03:05,720 Speaker 1: that to help stabilize oil prices, we had the International 46 00:03:05,960 --> 00:03:11,680 Speaker 1: Energy Agency, the IEA announce a coordinated release of about 47 00:03:11,680 --> 00:03:17,880 Speaker 1: four hundred million barrels from the strategic reserve. We saw 48 00:03:18,080 --> 00:03:21,760 Speaker 1: also international markets like Europe and Asia who really rely 49 00:03:22,120 --> 00:03:27,040 Speaker 1: on imported energy, well those have declined about eight percent 50 00:03:27,200 --> 00:03:30,720 Speaker 1: or more in some regions because of their energy needs 51 00:03:30,720 --> 00:03:34,800 Speaker 1: and lack thereof So a positive note. This week, we 52 00:03:34,840 --> 00:03:37,920 Speaker 1: saw the cost of housing inflation in the US, Well, 53 00:03:38,040 --> 00:03:41,000 Speaker 1: it rose three point two percent year over year, but 54 00:03:41,200 --> 00:03:46,000 Speaker 1: that was the slowest annual increase since twenty twenty one. 55 00:03:46,320 --> 00:03:48,440 Speaker 1: And that's what we're talking about today. This is a 56 00:03:48,440 --> 00:03:51,720 Speaker 1: good conversation for today as you're thinking about setting up 57 00:03:51,800 --> 00:03:55,120 Speaker 1: income in retirement, particularly if you're looking at retiring soon 58 00:03:56,000 --> 00:03:57,760 Speaker 1: or even this year, what are you going to do 59 00:03:57,840 --> 00:04:00,640 Speaker 1: with your money to make sure that it creates income 60 00:04:00,680 --> 00:04:02,800 Speaker 1: for you. Well, you definitely need to set up a plan. 61 00:04:02,840 --> 00:04:04,360 Speaker 1: You need to think about what you need to do. 62 00:04:05,080 --> 00:04:09,080 Speaker 1: And if you are considering retiring anytime soon, well, with 63 00:04:09,120 --> 00:04:11,480 Speaker 1: what's going on right now, stick with me, because we're 64 00:04:11,480 --> 00:04:14,400 Speaker 1: going to go through some specific steps you might want 65 00:04:14,400 --> 00:04:18,120 Speaker 1: to think about right now. You're listening to that Protect 66 00:04:18,160 --> 00:04:21,120 Speaker 1: your Assets show with David Hollander. I am the Sandman 67 00:04:21,480 --> 00:04:23,040 Speaker 1: and we'll be right back. 68 00:04:25,400 --> 00:04:29,520 Speaker 2: Times are changing, some would say they've already changed. And 69 00:04:29,640 --> 00:04:33,799 Speaker 2: how do you actually protect your assets? David Hollanders Protect 70 00:04:33,800 --> 00:04:37,880 Speaker 2: your Assets events focus on common financial concerns that individuals 71 00:04:37,880 --> 00:04:40,880 Speaker 2: and families face in retirement, things like how to prepare 72 00:04:40,880 --> 00:04:44,560 Speaker 2: for unexpected medical expenses and ways to create income to 73 00:04:44,600 --> 00:04:48,080 Speaker 2: help support your desired lifestyle. Join us at our next 74 00:04:48,120 --> 00:04:51,279 Speaker 2: free event to learn how addressing these concerns can help 75 00:04:51,279 --> 00:04:54,080 Speaker 2: you feel more confident about the days ahead and help 76 00:04:54,080 --> 00:04:57,200 Speaker 2: you sleep better at night. Just go to PYA events 77 00:04:57,240 --> 00:05:01,200 Speaker 2: dot com and reserve your seat today. That's p yaevents 78 00:05:01,279 --> 00:05:03,560 Speaker 2: dot Com and sign up or join the wait list 79 00:05:03,600 --> 00:05:08,880 Speaker 2: today Pyaevents dot Com. Now back to Protect your Assets 80 00:05:08,920 --> 00:05:10,760 Speaker 2: with David Hollander, the Sandman. 81 00:05:11,960 --> 00:05:15,599 Speaker 1: Welcome back. I am David Hollander and another celebrating the St. 82 00:05:15,600 --> 00:05:19,280 Speaker 1: Patrick's Day Weekend. Well, I guess St Patrick's Weekend we 83 00:05:19,440 --> 00:05:22,440 Speaker 1: should call it now. I am David Hollander, also know 84 00:05:22,480 --> 00:05:25,520 Speaker 1: as a Sandman, and you're listening to Protect your Assets? 85 00:05:25,520 --> 00:05:27,680 Speaker 1: And did you know that we are now the official 86 00:05:27,760 --> 00:05:32,520 Speaker 1: sponsor of the Giants baseball broadcasts. Many retirees are told 87 00:05:32,560 --> 00:05:35,680 Speaker 1: to follow outdated rules of thumb, like the four percent 88 00:05:35,800 --> 00:05:39,360 Speaker 1: rule for withdrawing their money from their retirement account. So 89 00:05:39,440 --> 00:05:43,200 Speaker 1: if you aren't familiar with what's called the four percent rule, 90 00:05:43,320 --> 00:05:47,080 Speaker 1: it basically says that you won't run out of money 91 00:05:47,120 --> 00:05:52,320 Speaker 1: as long as you withdraw about four percent from your portfolios, 92 00:05:52,360 --> 00:05:56,279 Speaker 1: adjusted for inflation, each and every year of your retirement. 93 00:05:57,080 --> 00:06:00,400 Speaker 1: This rule, it was created back in the nineties, and 94 00:06:00,480 --> 00:06:03,560 Speaker 1: it was based on stock and bond returns over a 95 00:06:03,600 --> 00:06:07,360 Speaker 1: fifty year period of time from nineteen twenty six through 96 00:06:07,440 --> 00:06:11,240 Speaker 1: nineteen seventy six, and it made sense to many for 97 00:06:11,279 --> 00:06:15,440 Speaker 1: a while. But times change, and boy did they just 98 00:06:15,640 --> 00:06:20,360 Speaker 1: change a lot these past few weeks, didn't they. You 99 00:06:20,400 --> 00:06:25,120 Speaker 1: think about investing, and for one thing, the four percent rule, well, 100 00:06:25,120 --> 00:06:28,440 Speaker 1: it came about when interest rates were much higher than 101 00:06:28,440 --> 00:06:31,240 Speaker 1: they are today. Back then you could get a treasury 102 00:06:31,279 --> 00:06:34,520 Speaker 1: note that was paying six percent or more. And as 103 00:06:34,560 --> 00:06:36,919 Speaker 1: you know, we just talked about this, the ten year treasury, 104 00:06:36,960 --> 00:06:40,000 Speaker 1: well it's barely over four percent. So that means many 105 00:06:40,120 --> 00:06:44,400 Speaker 1: older investors are looking to stocks or other ways to 106 00:06:44,520 --> 00:06:49,360 Speaker 1: make their money, and often they're taking more risk and 107 00:06:49,440 --> 00:06:51,880 Speaker 1: so that's right. If you're trying to get more return, 108 00:06:52,000 --> 00:06:55,480 Speaker 1: maybe you're looking at things that if and when the 109 00:06:55,520 --> 00:06:59,640 Speaker 1: market comes down, you could lose a substantial portion of 110 00:06:59,680 --> 00:07:04,919 Speaker 1: your incible. These types of strategies may work out great 111 00:07:05,200 --> 00:07:07,400 Speaker 1: when the market's been good, like it has been the 112 00:07:07,520 --> 00:07:11,160 Speaker 1: last few years, but when there is an occasional dip 113 00:07:11,200 --> 00:07:13,400 Speaker 1: like we're seeing right now. And that's the question. Is 114 00:07:13,440 --> 00:07:16,280 Speaker 1: this setup right now that we're experiencing is it anything 115 00:07:16,440 --> 00:07:18,800 Speaker 1: like a year ago? Think about it. About a year ago, 116 00:07:18,960 --> 00:07:22,400 Speaker 1: remember tech stocks were off over twenty percent. We had 117 00:07:22,400 --> 00:07:24,040 Speaker 1: the market looking like it was going to be in 118 00:07:24,040 --> 00:07:26,240 Speaker 1: big trouble, then all of a sudden it came back, 119 00:07:27,600 --> 00:07:30,840 Speaker 1: and right now the setup is similar. There's a lot 120 00:07:30,880 --> 00:07:32,760 Speaker 1: of similarities if you start to look at last year 121 00:07:32,880 --> 00:07:34,800 Speaker 1: what was going on compared to now, and then you 122 00:07:34,840 --> 00:07:37,680 Speaker 1: add to that the war with Iran and the price 123 00:07:37,720 --> 00:07:40,000 Speaker 1: of oil we just saw this past week. So those 124 00:07:40,000 --> 00:07:43,800 Speaker 1: are some more weights if you will, causing this stock 125 00:07:43,880 --> 00:07:48,240 Speaker 1: market to pause. So if your plan is to withdraw 126 00:07:48,320 --> 00:07:51,360 Speaker 1: usay four percent from your retirement accounts each and every year, 127 00:07:51,920 --> 00:07:54,600 Speaker 1: and we have that drastic drop in the market that 128 00:07:54,880 --> 00:07:58,960 Speaker 1: at some point could happen, and this past week I 129 00:07:59,040 --> 00:08:02,120 Speaker 1: was surprised when I was reading through the research reports 130 00:08:02,160 --> 00:08:04,280 Speaker 1: I usually read, and I saw something there from a 131 00:08:04,320 --> 00:08:07,040 Speaker 1: Bank of America analyst who was talking about two thousand 132 00:08:07,040 --> 00:08:09,600 Speaker 1: and eight all over again, and how oil could go 133 00:08:09,640 --> 00:08:12,600 Speaker 1: to one hundred and forty dollars a barrow, and how 134 00:08:12,640 --> 00:08:15,400 Speaker 1: private equity might be the canary in the coal mine, again, 135 00:08:15,440 --> 00:08:18,800 Speaker 1: on and on about these sort of things. So, anyway, 136 00:08:19,120 --> 00:08:21,400 Speaker 1: if oil were to stay at one hundred dollars a 137 00:08:21,400 --> 00:08:23,960 Speaker 1: barrel or more for a while, and you are taking 138 00:08:24,040 --> 00:08:27,240 Speaker 1: say four percent out of your portfolio that is made 139 00:08:27,320 --> 00:08:29,960 Speaker 1: up of equities, A lot of people have equities in 140 00:08:30,000 --> 00:08:33,439 Speaker 1: their companies, and what would happen if that were to occur. Well, 141 00:08:33,520 --> 00:08:36,960 Speaker 1: let's say your company stock was to drop a third 142 00:08:37,240 --> 00:08:40,360 Speaker 1: or even twenty percent and you had to sell off 143 00:08:40,520 --> 00:08:44,960 Speaker 1: shares to create income. That's what I'm talking about. You see, 144 00:08:45,000 --> 00:08:49,199 Speaker 1: when the market starts to draw, if you're just retiring 145 00:08:49,880 --> 00:08:52,600 Speaker 1: or you're already in retirement, and you continue to withdraw 146 00:08:52,720 --> 00:08:55,800 Speaker 1: the same amount, you're going to have to sell more 147 00:08:55,920 --> 00:08:58,840 Speaker 1: stock than you used to to get the same amount 148 00:08:58,840 --> 00:09:01,400 Speaker 1: of money. To get that income you need on a 149 00:09:01,440 --> 00:09:04,520 Speaker 1: monthly basis just to pay your bills. You may have 150 00:09:04,600 --> 00:09:08,480 Speaker 1: to reduce your withdrawals, you might have to change your lifestyle, 151 00:09:09,600 --> 00:09:12,559 Speaker 1: or you might actually just run out of money. And 152 00:09:12,679 --> 00:09:17,360 Speaker 1: so you know, we've seen this happen, and right now 153 00:09:17,480 --> 00:09:20,600 Speaker 1: we are talking about some clients experience. We were not 154 00:09:20,640 --> 00:09:24,600 Speaker 1: compensated for sharing this. This experience is not representing all clients. 155 00:09:24,640 --> 00:09:27,240 Speaker 1: And the results I'm talking about right now, they're not 156 00:09:27,320 --> 00:09:32,760 Speaker 1: guaranteed and will vary based on everybody's individual circumstances. But 157 00:09:32,880 --> 00:09:37,120 Speaker 1: these things do happen. And so those folks who have built, 158 00:09:37,200 --> 00:09:42,080 Speaker 1: say a concentrated position in their company's stock that could 159 00:09:42,160 --> 00:09:44,720 Speaker 1: be tech related, and now they're looking to retire, and 160 00:09:44,720 --> 00:09:46,840 Speaker 1: they've done so well these last few years. I mean, 161 00:09:46,880 --> 00:09:49,800 Speaker 1: let's face it, the tech market has really rallied pretty nicely, 162 00:09:50,400 --> 00:09:55,400 Speaker 1: and you're sitting on a big portion, potentially of a portfolio, 163 00:09:55,480 --> 00:09:56,960 Speaker 1: and now all of a sudden, these things are starting 164 00:09:56,960 --> 00:10:00,320 Speaker 1: to happen and we're seeing the pullback star and so 165 00:10:01,120 --> 00:10:06,560 Speaker 1: that could certainly affect the income that you're going to 166 00:10:06,559 --> 00:10:09,640 Speaker 1: be drawing on once you retire, particularly here in the 167 00:10:09,640 --> 00:10:13,839 Speaker 1: Bay Area. And so if you're lucky enough to live longer, 168 00:10:14,280 --> 00:10:17,560 Speaker 1: then you think you might live or your spouse might 169 00:10:17,600 --> 00:10:20,600 Speaker 1: live longer than you think you both might live. Then 170 00:10:20,720 --> 00:10:24,760 Speaker 1: you're going to need to add an increased longevity expense 171 00:10:25,440 --> 00:10:29,880 Speaker 1: an inflation factor to how you go about withdrawing money 172 00:10:29,920 --> 00:10:32,880 Speaker 1: out of your account. And that's where the tools that 173 00:10:33,080 --> 00:10:36,000 Speaker 1: we use, like E money, you might want to look 174 00:10:36,000 --> 00:10:38,480 Speaker 1: those up. E money is something that we use and 175 00:10:39,040 --> 00:10:41,680 Speaker 1: it's a very effective tool that looks at all of 176 00:10:41,720 --> 00:10:45,840 Speaker 1: your accounts, looks at inflation that you can adjust to 177 00:10:46,280 --> 00:10:50,559 Speaker 1: what you feel is accurate, and then it also integrates 178 00:10:50,600 --> 00:10:53,760 Speaker 1: your portfolio and your expenses and your income, and your 179 00:10:53,800 --> 00:10:56,720 Speaker 1: taxes and your rentals if you'd like. All those things 180 00:10:56,760 --> 00:11:00,960 Speaker 1: can go into that and you can map out out 181 00:11:01,520 --> 00:11:05,160 Speaker 1: the future with what you have coming in and going out. 182 00:11:05,160 --> 00:11:07,719 Speaker 1: And if you're not doing that and looking at it regularly, 183 00:11:07,800 --> 00:11:11,000 Speaker 1: then you're taking a risk. It's just really that simple. 184 00:11:11,800 --> 00:11:18,240 Speaker 1: And right now, with inflation seemingly starting to come back again, 185 00:11:18,280 --> 00:11:21,080 Speaker 1: that's the fear right now with the higher price of oil. 186 00:11:21,120 --> 00:11:25,079 Speaker 1: If oil stays above one hundred dollars for a period 187 00:11:25,120 --> 00:11:29,840 Speaker 1: of time, that should typically in the past, it's translated 188 00:11:29,920 --> 00:11:33,240 Speaker 1: into what we pay for different things that are related 189 00:11:33,280 --> 00:11:34,959 Speaker 1: to oil. If you think about oils and a lot 190 00:11:35,000 --> 00:11:38,400 Speaker 1: of things that we consume daily, and so if those 191 00:11:38,480 --> 00:11:40,959 Speaker 1: prices stay elevated, well, of course it's going to make 192 00:11:41,000 --> 00:11:45,880 Speaker 1: things cost more. And that's plain and simple inflation. And 193 00:11:46,040 --> 00:11:49,640 Speaker 1: if you add to that longer life expectancies, et cetera, 194 00:11:50,679 --> 00:11:52,840 Speaker 1: you know, how are you going to create that income 195 00:11:52,880 --> 00:11:55,280 Speaker 1: over these next few years as things just end up 196 00:11:55,320 --> 00:11:57,240 Speaker 1: costing more. I mean, it already feels like they cost 197 00:11:57,600 --> 00:11:59,960 Speaker 1: a lot more right now anyways, doesn't it. But then yeah, 198 00:12:00,080 --> 00:12:02,800 Speaker 1: to that on top of that what's going on, and 199 00:12:02,920 --> 00:12:07,520 Speaker 1: it could just mean higher prices for longer. So again 200 00:12:07,640 --> 00:12:10,760 Speaker 1: with the treasury yield on Friday, just about four point 201 00:12:10,760 --> 00:12:14,800 Speaker 1: two eight percent on the ten year note, and you've 202 00:12:14,800 --> 00:12:19,679 Speaker 1: got yields moving higher primarily because you've got the currency 203 00:12:19,720 --> 00:12:22,760 Speaker 1: and the bond markets pricing in these higher prices in 204 00:12:22,800 --> 00:12:26,760 Speaker 1: the future related to the oil, you've got higher potentially 205 00:12:26,760 --> 00:12:30,880 Speaker 1: inflation coming again and maybe not the rate cuts that 206 00:12:30,880 --> 00:12:33,200 Speaker 1: we were planning on. Again, they're going to meet this Wednesday, 207 00:12:33,240 --> 00:12:35,200 Speaker 1: We're going to hear what they have to say. So 208 00:12:36,040 --> 00:12:40,600 Speaker 1: will inflation come back and be higher later this year? 209 00:12:40,640 --> 00:12:44,040 Speaker 1: It's a great question, and it's something that you have 210 00:12:44,080 --> 00:12:46,880 Speaker 1: to think about, particularly if you're planning on a certain 211 00:12:46,920 --> 00:12:50,000 Speaker 1: amount of income each month, and you're going to want 212 00:12:50,000 --> 00:12:54,319 Speaker 1: that income potentially to even increase because of those factors. 213 00:12:54,960 --> 00:12:57,080 Speaker 1: And so just be aware of that, make sure you 214 00:12:57,080 --> 00:12:59,280 Speaker 1: build that into your plan with some sort of a cushion. 215 00:13:00,320 --> 00:13:04,760 Speaker 1: Things change. Now, what other things should you be thinking 216 00:13:04,800 --> 00:13:09,240 Speaker 1: about as you start to look at retirement. Well, here's 217 00:13:09,280 --> 00:13:11,199 Speaker 1: something that's sort of out of the blue. I mean, 218 00:13:11,200 --> 00:13:13,600 Speaker 1: we've got now the new big, beautiful bill. It's been 219 00:13:13,720 --> 00:13:16,640 Speaker 1: the law now for a bit. You're doing your taxes 220 00:13:16,720 --> 00:13:20,640 Speaker 1: right now. The IRS just said that the refunds this 221 00:13:20,720 --> 00:13:24,040 Speaker 1: year are up better in our favor or I say, 222 00:13:24,080 --> 00:13:26,520 Speaker 1: the taxpayer favor by about nine percent in terms of 223 00:13:26,559 --> 00:13:31,520 Speaker 1: what's coming back compared to last year. And so will 224 00:13:31,600 --> 00:13:34,720 Speaker 1: taxes get higher at some point in the future? You know, 225 00:13:34,800 --> 00:13:38,240 Speaker 1: this is my personal opinion. I think taxes will be 226 00:13:38,600 --> 00:13:43,320 Speaker 1: higher later, certainly in the next you know, five to 227 00:13:43,480 --> 00:13:45,040 Speaker 1: ten years, is what I would say. And why do 228 00:13:45,120 --> 00:13:47,199 Speaker 1: I say that. I'm going to have you go take 229 00:13:47,240 --> 00:13:52,760 Speaker 1: a look at something called the US Debt Clock dot org. 230 00:13:52,960 --> 00:13:57,920 Speaker 1: Usdetclock dot org. This is a super interesting website where 231 00:13:57,960 --> 00:14:01,160 Speaker 1: they have things like the US National Debt. You'll see 232 00:14:01,200 --> 00:14:05,040 Speaker 1: these things moving as quickly is tens of seconds they 233 00:14:05,080 --> 00:14:09,000 Speaker 1: just keep mounting. You see the terraff revenue, you see 234 00:14:09,040 --> 00:14:12,200 Speaker 1: the debt per taxpayer, and you can go back and 235 00:14:12,240 --> 00:14:14,760 Speaker 1: look at historical rates, which is kind of interesting that 236 00:14:14,880 --> 00:14:17,680 Speaker 1: this thing called the time machine. And so right now, 237 00:14:17,720 --> 00:14:19,960 Speaker 1: just to give you an idea, the debt per taxpayer 238 00:14:20,080 --> 00:14:23,360 Speaker 1: right now is three hundred and fifty six thousand, eighty 239 00:14:23,480 --> 00:14:30,240 Speaker 1: nine dollars. What was it just twenty years twenty six 240 00:14:30,320 --> 00:14:33,240 Speaker 1: years ago? In two thousand, you ass the debt. Get this, 241 00:14:33,320 --> 00:14:37,080 Speaker 1: the debt per taxpayer was fifty five thousand, three hundred 242 00:14:37,200 --> 00:14:41,360 Speaker 1: and ninety eight dollars. Think about that. That's a big difference, 243 00:14:41,400 --> 00:14:44,040 Speaker 1: isn't it. And why is that? Well, it's because of 244 00:14:44,080 --> 00:14:46,840 Speaker 1: all the things that are going on in the world. 245 00:14:46,880 --> 00:14:49,240 Speaker 1: And so if you want to know about your medicare, 246 00:14:49,400 --> 00:14:52,720 Speaker 1: if you want to know about the trade deficit, you 247 00:14:52,720 --> 00:14:56,880 Speaker 1: want to know about savings per individual. The average savings 248 00:14:56,880 --> 00:14:59,120 Speaker 1: per taxpayer right now three hundred and thirty six dollars 249 00:14:59,120 --> 00:15:02,600 Speaker 1: and twenty nine cents per year. You can see the 250 00:15:02,680 --> 00:15:05,160 Speaker 1: changes that are going on. It's a very interesting goal. 251 00:15:05,240 --> 00:15:07,360 Speaker 1: It's all there. You should I take a look at it. Anyway. 252 00:15:07,680 --> 00:15:10,920 Speaker 1: This is a super interesting website. And when I look 253 00:15:10,960 --> 00:15:13,240 Speaker 1: at that. What it's telling me again just looking at 254 00:15:13,240 --> 00:15:17,280 Speaker 1: the historical numbers, there is that taxes that we're going 255 00:15:17,360 --> 00:15:20,400 Speaker 1: to owe as individuals if we pay taxes, are just 256 00:15:20,560 --> 00:15:24,760 Speaker 1: going to be going up at some point. And of 257 00:15:24,840 --> 00:15:27,760 Speaker 1: course fees that you pay as well. You know how 258 00:15:27,800 --> 00:15:30,240 Speaker 1: much are you paying in fees to manage your money? 259 00:15:30,280 --> 00:15:33,800 Speaker 1: You should know about those things because those do eat 260 00:15:33,800 --> 00:15:36,800 Speaker 1: away at your total return. And so if you're not 261 00:15:36,880 --> 00:15:39,880 Speaker 1: making the kind of returns you need to make, like 262 00:15:39,920 --> 00:15:42,000 Speaker 1: we were talking about here with this four percent rule, 263 00:15:42,040 --> 00:15:45,680 Speaker 1: maybe you're taking more risk than you otherwise should because 264 00:15:45,680 --> 00:15:49,480 Speaker 1: you're trying to make that up by returns. So that's 265 00:15:49,520 --> 00:15:54,520 Speaker 1: where you start to ask yourself, well, is my lifestyle 266 00:15:54,600 --> 00:15:57,040 Speaker 1: that I'm living now in retirement or that I want 267 00:15:57,080 --> 00:16:00,880 Speaker 1: to live in retirement is it at risk? And if 268 00:16:00,920 --> 00:16:06,080 Speaker 1: my portfolio doesn't produce enough income or enough growth to 269 00:16:06,200 --> 00:16:09,760 Speaker 1: cover those expenses, what's going to happen? You don't want 270 00:16:09,760 --> 00:16:12,440 Speaker 1: to find that out in the middle of what you're 271 00:16:12,440 --> 00:16:16,360 Speaker 1: trying to do, like retire, How will you cover your bills? 272 00:16:16,560 --> 00:16:21,960 Speaker 1: And where should you take the necessary money from. If 273 00:16:21,960 --> 00:16:24,520 Speaker 1: you're lucky enough to have choices, maybe you have an 274 00:16:24,560 --> 00:16:26,640 Speaker 1: IRA account, maybe you have a wroth. Maybe you have 275 00:16:26,720 --> 00:16:29,960 Speaker 1: rental real estate with equity in the ground. Maybe you 276 00:16:30,080 --> 00:16:32,840 Speaker 1: have what we call non qualified accounts. These are all 277 00:16:32,880 --> 00:16:35,680 Speaker 1: things you have to consider. Maybe you have social Security. 278 00:16:35,960 --> 00:16:38,040 Speaker 1: When do you take these things and how do you 279 00:16:38,080 --> 00:16:42,520 Speaker 1: take them? What's your strategy? These are all very good 280 00:16:42,560 --> 00:16:46,840 Speaker 1: questions that we see daily. And the first thing that 281 00:16:46,880 --> 00:16:49,680 Speaker 1: I would recommend you do if you're faced with these decisions, 282 00:16:49,760 --> 00:16:51,960 Speaker 1: or if you're in the middle of them, is pick 283 00:16:52,080 --> 00:16:55,600 Speaker 1: up the phone and call me and get a second opinion. 284 00:16:55,680 --> 00:16:58,840 Speaker 1: For over thirty years we hear at the Liberty Group, 285 00:16:58,880 --> 00:17:01,600 Speaker 1: we've been helping anyone in the Bay Area who wants 286 00:17:02,200 --> 00:17:07,000 Speaker 1: a second opinion. That's because remember we are estate planning attorneys. 287 00:17:07,080 --> 00:17:10,320 Speaker 1: We have tax professionals that we work with. We have 288 00:17:10,920 --> 00:17:15,199 Speaker 1: a full service financial firm where we do stocks, bonds, 289 00:17:15,280 --> 00:17:17,480 Speaker 1: mutual funds, you name it. We look at all of 290 00:17:17,520 --> 00:17:20,240 Speaker 1: those things. It's all under one roof. Give us a 291 00:17:20,240 --> 00:17:24,600 Speaker 1: call eight six six protect. The number to call eight 292 00:17:24,800 --> 00:17:29,479 Speaker 1: six six seven seven six eight three to two eight 293 00:17:29,520 --> 00:17:32,359 Speaker 1: you give them a call eight six six protect. Coming 294 00:17:32,440 --> 00:17:36,480 Speaker 1: up next, it is time for our popular They say 295 00:17:36,640 --> 00:17:40,040 Speaker 1: a segment where they say if the four percent rule 296 00:17:40,200 --> 00:17:43,440 Speaker 1: worked all these years, why want it work in the future. 297 00:17:43,520 --> 00:17:45,919 Speaker 1: And you're listening to the Protect Your Asset Show with 298 00:17:46,080 --> 00:17:50,080 Speaker 1: David Hollander, the Sandman. That's me. We'll be right back. 299 00:17:56,520 --> 00:17:59,479 Speaker 2: And take the first step toward reaching your financial goals 300 00:17:59,560 --> 00:18:01,720 Speaker 2: and get the information that can help you live a 301 00:18:01,840 --> 00:18:06,000 Speaker 2: confident retirement. That first step is going to byaevents dot 302 00:18:06,000 --> 00:18:09,359 Speaker 2: com and signing up for our next free event. That's 303 00:18:09,520 --> 00:18:14,320 Speaker 2: Pyaevents dot Com. Now back to Protect your Assets with 304 00:18:14,520 --> 00:18:16,040 Speaker 2: David Hollander, the Sandman. 305 00:18:26,200 --> 00:18:30,760 Speaker 1: Welcome back, Happy St. Patrick's Day weekend. I am David Hollander, 306 00:18:30,800 --> 00:18:34,000 Speaker 1: also known as the Sandman, and you're listening this morning 307 00:18:34,040 --> 00:18:38,240 Speaker 1: to Protect your Assets. And did you know that we 308 00:18:38,359 --> 00:18:42,160 Speaker 1: are now the official sponsor of the Giants Baseball broadcasts. 309 00:18:42,440 --> 00:18:45,000 Speaker 1: The financial and investing world just got so much more 310 00:18:45,040 --> 00:18:49,200 Speaker 1: complex this past week, so much so that people can 311 00:18:49,359 --> 00:18:53,040 Speaker 1: become frozen or they end up making mistakes or just 312 00:18:53,119 --> 00:18:57,199 Speaker 1: missing out. And so you know, this past week we 313 00:18:57,240 --> 00:18:59,840 Speaker 1: saw the price of oil go over one hundred dollars 314 00:18:59,840 --> 00:19:02,720 Speaker 1: a barrel once again, it closed below that. But everyone's 315 00:19:02,760 --> 00:19:06,760 Speaker 1: asking the question, what should we be doing with our 316 00:19:06,800 --> 00:19:09,920 Speaker 1: money market accounts that are earning maybe less than one 317 00:19:10,040 --> 00:19:13,080 Speaker 1: quarter of one percent now it's time for one of 318 00:19:13,119 --> 00:19:15,920 Speaker 1: our fan favorite parts of our show. It's our They 319 00:19:15,960 --> 00:19:19,919 Speaker 1: Say segment where we debunk common miss half truths, and 320 00:19:20,000 --> 00:19:22,560 Speaker 1: sometimes just bad advice that they say. 321 00:19:24,359 --> 00:19:27,320 Speaker 2: Who are they, what do they know that I don't? 322 00:19:27,560 --> 00:19:30,960 Speaker 2: And what are they saying this week? Here's David Hollander, 323 00:19:31,080 --> 00:19:32,440 Speaker 2: the Sandman's answer. 324 00:19:33,520 --> 00:19:38,479 Speaker 1: All right, So here's when they say. They say that 325 00:19:38,560 --> 00:19:43,440 Speaker 1: if the four percent rule worked before, then why shouldn't 326 00:19:43,440 --> 00:19:47,440 Speaker 1: it work again. Well, we've been talking all morning about 327 00:19:47,440 --> 00:19:51,200 Speaker 1: this four percent rule, which basically says that as you retire, 328 00:19:51,280 --> 00:19:53,520 Speaker 1: if you take out four percent out of your portfolio, 329 00:19:53,560 --> 00:19:57,679 Speaker 1: you should be just fine. But to answer the question 330 00:19:57,800 --> 00:20:01,240 Speaker 1: the first the four percent rule, well, it's over thirty 331 00:20:01,320 --> 00:20:03,640 Speaker 1: years old and a lot has changed over the last 332 00:20:03,640 --> 00:20:06,240 Speaker 1: thirty years. If you think about it. Think about it. 333 00:20:06,280 --> 00:20:09,200 Speaker 1: Thirty years ago, we didn't even have an iPhone years ago, 334 00:20:09,359 --> 00:20:12,840 Speaker 1: a top retirement researcher wrote about the differences between the 335 00:20:12,880 --> 00:20:16,760 Speaker 1: market environment when the four percent rule was created and 336 00:20:16,880 --> 00:20:22,080 Speaker 1: now it's been more than ten years since. Wade Fowl, 337 00:20:22,400 --> 00:20:25,120 Speaker 1: who was one of the top experts in retirement research. 338 00:20:25,200 --> 00:20:29,560 Speaker 1: He wrote a column for MarketWatch urging readers to say 339 00:20:29,600 --> 00:20:33,720 Speaker 1: goodbye to the four percent Rule. In it, mister Fowl 340 00:20:33,880 --> 00:20:37,200 Speaker 1: suggests that the rule, which is more of a theory, 341 00:20:37,400 --> 00:20:41,919 Speaker 1: really made too many assumptions based on odd numbers that 342 00:20:42,200 --> 00:20:46,879 Speaker 1: didn't sorry, old numbers that didn't necessarily translate to modern 343 00:20:46,920 --> 00:20:51,880 Speaker 1: markets or modern investing. A few minutes later, in twenty thirteen, 344 00:20:52,200 --> 00:20:56,080 Speaker 1: mister Foul and fellow retirement specialist Michael Fink and David 345 00:20:56,200 --> 00:20:59,960 Speaker 1: Blanchett published another study. This was called the four percent 346 00:21:00,359 --> 00:21:04,840 Speaker 1: Rule is not Safe in a low yield World, further 347 00:21:05,040 --> 00:21:09,520 Speaker 1: demonstrating why advisors who base their clients withdrawal plans on 348 00:21:09,920 --> 00:21:15,399 Speaker 1: historical data could be doing a disservice. Since then, the 349 00:21:15,480 --> 00:21:19,520 Speaker 1: topic has been debated in many financial forums, and we've 350 00:21:19,560 --> 00:21:22,879 Speaker 1: talked about this over the years. Not everyone believes the 351 00:21:23,000 --> 00:21:27,879 Speaker 1: four percent rule must be completely discarded, but I think 352 00:21:28,680 --> 00:21:32,080 Speaker 1: a lot of folks who work on retirement like we do, 353 00:21:32,200 --> 00:21:35,280 Speaker 1: would say, you got to think about it a little differently, 354 00:21:35,440 --> 00:21:38,360 Speaker 1: because at most it is a guideline or a starting 355 00:21:38,400 --> 00:21:43,200 Speaker 1: point for determining what's appropriate for your specific needs. Everybody 356 00:21:43,240 --> 00:21:47,960 Speaker 1: has their own specific facts and circumstances, and really it 357 00:21:48,000 --> 00:21:51,640 Speaker 1: shouldn't be a hard and fast, one size fits all approach. 358 00:21:53,040 --> 00:21:56,040 Speaker 1: And yet I still hear from people getting near to 359 00:21:56,240 --> 00:22:02,200 Speaker 1: retirement or pre retireesing about using the four percent rule 360 00:22:02,240 --> 00:22:06,520 Speaker 1: without any questions to determine if it's sustainable, if their portfolio, 361 00:22:06,600 --> 00:22:13,080 Speaker 1: their specific stock portfolio right now could work. So let's 362 00:22:13,119 --> 00:22:15,960 Speaker 1: look at some of the facts discussed in the study. 363 00:22:16,080 --> 00:22:20,440 Speaker 1: The safety of a four percent initial withdrawal strategy depends 364 00:22:20,480 --> 00:22:26,600 Speaker 1: on asset return assumptions and fixed assets like treasuries, for instance, 365 00:22:26,960 --> 00:22:29,359 Speaker 1: the rates on those have declined, and if you add 366 00:22:29,400 --> 00:22:33,920 Speaker 1: to that, the intermediate term real interest rates were about 367 00:22:33,960 --> 00:22:38,000 Speaker 1: four percent less than the historical average used in previous 368 00:22:38,080 --> 00:22:41,280 Speaker 1: simulations if you go back to twenty twenty six when 369 00:22:41,359 --> 00:22:44,399 Speaker 1: rates started to rise. And so that's why you need 370 00:22:44,520 --> 00:22:47,199 Speaker 1: to look at what you're doing right now. And if 371 00:22:47,240 --> 00:22:50,119 Speaker 1: you're about to enter retirement, certainly take a look at 372 00:22:50,119 --> 00:22:53,439 Speaker 1: how you are set up to enter retirement. And so 373 00:22:53,600 --> 00:22:58,320 Speaker 1: if your program or your tool or your spreadsheet or 374 00:22:58,320 --> 00:23:01,240 Speaker 1: whatever you're using, maybe you're just I've thrown it against 375 00:23:01,280 --> 00:23:06,719 Speaker 1: the wall. I would recommend taking a look at a 376 00:23:06,800 --> 00:23:10,560 Speaker 1: tool that we use called e money. E Money's a 377 00:23:10,560 --> 00:23:14,399 Speaker 1: program that can integrate many different accounts that you're using, 378 00:23:14,920 --> 00:23:19,960 Speaker 1: different tax strategies, different interest rates, different inflation simulations you 379 00:23:20,000 --> 00:23:23,800 Speaker 1: can run. It can help you map out what your 380 00:23:23,960 --> 00:23:26,119 Speaker 1: plan could look like here in the future, and you 381 00:23:26,119 --> 00:23:28,520 Speaker 1: could stress test it on top of that using another 382 00:23:28,560 --> 00:23:32,560 Speaker 1: tool we use called nitrogen, whereby you can stress test 383 00:23:32,600 --> 00:23:35,359 Speaker 1: the portfolio and see how it might act in different 384 00:23:35,400 --> 00:23:38,159 Speaker 1: market simulations that we could experience. It got my attention 385 00:23:38,240 --> 00:23:40,560 Speaker 1: this past week when I heard a Bank of America 386 00:23:40,600 --> 00:23:43,080 Speaker 1: write an article about two thousand and eight all over again. 387 00:23:44,160 --> 00:23:48,439 Speaker 1: So anyway you can go ahead and get a second 388 00:23:48,440 --> 00:23:52,120 Speaker 1: opinion right now, or get an illustration from us. We're 389 00:23:52,119 --> 00:23:54,480 Speaker 1: happy to run these simulations for you to see what 390 00:23:54,680 --> 00:23:56,720 Speaker 1: is going on. Pick up the phone, give us a 391 00:23:56,720 --> 00:24:01,520 Speaker 1: call eight six six protect eight six six seven seven 392 00:24:01,640 --> 00:24:05,240 Speaker 1: six eight three two eight Time for a quick break. 393 00:24:05,240 --> 00:24:08,439 Speaker 1: But when we come back, what's the one thing you 394 00:24:08,480 --> 00:24:12,359 Speaker 1: can do to make sure you have income each and 395 00:24:12,400 --> 00:24:15,320 Speaker 1: every month in retirement. Well that answer is coming up next. 396 00:24:15,800 --> 00:24:18,640 Speaker 1: Keep it tuned right here to protect your assets will 397 00:24:18,680 --> 00:24:19,520 Speaker 1: be right back. 398 00:24:23,320 --> 00:24:27,480 Speaker 2: Times are changing, some would say they've already changed, and 399 00:24:27,600 --> 00:24:31,720 Speaker 2: how do you actually protect your assets? David Hollanders Protect 400 00:24:31,760 --> 00:24:35,840 Speaker 2: your Assets events focus on common financial concerns that individuals 401 00:24:35,840 --> 00:24:38,800 Speaker 2: and families face in retirement, things like how to prepare 402 00:24:38,840 --> 00:24:42,520 Speaker 2: for unexpected medical expenses, and ways to create income to 403 00:24:42,520 --> 00:24:46,000 Speaker 2: help support your desired lifestyle. Join us at our next 404 00:24:46,040 --> 00:24:49,200 Speaker 2: free event to learn how addressing these concerns can help 405 00:24:49,240 --> 00:24:52,000 Speaker 2: you feel more confident about the days ahead and help 406 00:24:52,040 --> 00:24:55,400 Speaker 2: you sleep better at night. Just go to pyaevents dot 407 00:24:55,440 --> 00:24:59,800 Speaker 2: com and reserve your seat today. That's pyaevents dot com. 408 00:25:00,119 --> 00:25:04,879 Speaker 2: Sign up or join the wait list today pyaightevents dot Com. 409 00:25:04,960 --> 00:25:08,680 Speaker 2: Now back to Protect your Assets with David Hollander, the Sandman. 410 00:25:12,880 --> 00:25:15,399 Speaker 1: Welcome back. I am David Hollander. They call me the 411 00:25:15,480 --> 00:25:18,560 Speaker 1: Sandman around here, and you are listening right now to 412 00:25:18,680 --> 00:25:22,719 Speaker 1: the Protect your Assets Liberty Group and Radio Network. And 413 00:25:22,880 --> 00:25:24,719 Speaker 1: I don't know if you've heard about that, but we 414 00:25:24,800 --> 00:25:28,280 Speaker 1: are now the official sponsor of the Giants Baseball broadcast. 415 00:25:28,480 --> 00:25:31,560 Speaker 1: So on today's show, we're sharing how the four percent 416 00:25:31,720 --> 00:25:36,479 Speaker 1: rule could ruin your retirement. Many retirees are told to 417 00:25:36,480 --> 00:25:40,400 Speaker 1: follow outdated rules of thumb, like the four percent rule 418 00:25:40,440 --> 00:25:43,480 Speaker 1: that we've been talking about today, And what that involves 419 00:25:43,560 --> 00:25:46,800 Speaker 1: is how you withdraw money out of your account as 420 00:25:47,000 --> 00:25:52,080 Speaker 1: you are in retirement. And the key to consistent retirement 421 00:25:52,280 --> 00:25:57,320 Speaker 1: income is as you get nearer to retirement is switching 422 00:25:57,359 --> 00:26:04,320 Speaker 1: your focus from growth to producing income. And I know 423 00:26:04,359 --> 00:26:06,520 Speaker 1: it's hard to do, but it's almost like a mental 424 00:26:06,600 --> 00:26:09,639 Speaker 1: shift that has to occur. And this is very important 425 00:26:09,680 --> 00:26:12,960 Speaker 1: that you do that you that you focus on that 426 00:26:13,880 --> 00:26:17,280 Speaker 1: switch and how you're going to stop dollar cost averaging 427 00:26:17,359 --> 00:26:20,600 Speaker 1: into the accounts that you're doing in terms of saving 428 00:26:20,680 --> 00:26:23,400 Speaker 1: and all those years you've done that to now switching 429 00:26:23,440 --> 00:26:26,439 Speaker 1: over to doing the reverse dollar cost averaging out of 430 00:26:26,480 --> 00:26:30,760 Speaker 1: those accounts and creating income each and every year. Even 431 00:26:30,840 --> 00:26:34,840 Speaker 1: if we happen to be in another two thousand and 432 00:26:34,880 --> 00:26:38,120 Speaker 1: eight type market again or another recession again, these things 433 00:26:38,160 --> 00:26:41,720 Speaker 1: do happen over time. And depending on what you read, 434 00:26:41,800 --> 00:26:44,960 Speaker 1: there's many arguments out there right now for the setup 435 00:26:45,200 --> 00:26:48,240 Speaker 1: that is occurring here right now. A lot of parallels 436 00:26:48,280 --> 00:26:51,480 Speaker 1: being driven to last year when market's pulled back twenty 437 00:26:51,480 --> 00:26:54,760 Speaker 1: plus percent, a lot of parallels being driven to other, 438 00:26:55,320 --> 00:26:58,560 Speaker 1: you know, not great markets. And so this is what 439 00:26:58,600 --> 00:27:01,280 Speaker 1: people are talking about now in financial circles. And so 440 00:27:01,359 --> 00:27:03,879 Speaker 1: you've got to ask yourself, if you're at or your retirement, 441 00:27:03,920 --> 00:27:06,720 Speaker 1: you're starting to think about, well, I've done really well 442 00:27:06,720 --> 00:27:09,639 Speaker 1: these last few years of my equity accounts. That's great, 443 00:27:09,840 --> 00:27:15,240 Speaker 1: and now might be the time to start planning your 444 00:27:15,320 --> 00:27:19,800 Speaker 1: exit in terms of income and what that might look like. 445 00:27:19,920 --> 00:27:23,720 Speaker 1: And so something to consider right now which could create 446 00:27:23,880 --> 00:27:28,119 Speaker 1: income now, five years from now, ten years from now, 447 00:27:28,760 --> 00:27:33,880 Speaker 1: could be something called a fixed indexed annuity that's backed 448 00:27:33,920 --> 00:27:36,800 Speaker 1: by the claims paying ability of that issuing insurance company, 449 00:27:36,880 --> 00:27:42,520 Speaker 1: which could pay monthly income to you and or your 450 00:27:42,560 --> 00:27:46,679 Speaker 1: spouse for as long as you live. So if you 451 00:27:46,800 --> 00:27:50,560 Speaker 1: need help, we can help you develop a strategy in 452 00:27:50,600 --> 00:27:55,720 Speaker 1: writing to maximize annual income and look at lowering your taxes. 453 00:27:55,760 --> 00:27:58,199 Speaker 1: And this is virtual. This is something that we input 454 00:27:58,280 --> 00:28:00,240 Speaker 1: data into, we give you the access to it's you 455 00:28:00,280 --> 00:28:03,200 Speaker 1: can see it too, real time anytime you want, twenty 456 00:28:03,240 --> 00:28:06,560 Speaker 1: four hours a day, and it updates nightly and we 457 00:28:06,600 --> 00:28:08,920 Speaker 1: can look at it with you and help you map 458 00:28:08,960 --> 00:28:13,359 Speaker 1: out and plan that retirement that you're getting ready for. 459 00:28:13,359 --> 00:28:18,240 Speaker 1: For anyone who's nearing retirement, the income strategy often involves 460 00:28:18,280 --> 00:28:22,480 Speaker 1: determining when we're going to start drawing your social security Also, 461 00:28:22,680 --> 00:28:24,840 Speaker 1: when are we going to start withdrawing money from your 462 00:28:24,840 --> 00:28:28,280 Speaker 1: four to oh one ks, your IRA, your pension? How 463 00:28:28,320 --> 00:28:31,160 Speaker 1: are you using the rental real estate that you own, 464 00:28:31,200 --> 00:28:33,480 Speaker 1: Maybe you have equity in the ground that's really not 465 00:28:33,560 --> 00:28:35,600 Speaker 1: doing much for you when you really factor in all 466 00:28:35,640 --> 00:28:39,400 Speaker 1: the costs associated with running that property. We do all 467 00:28:39,440 --> 00:28:43,320 Speaker 1: these things with you and help you. And so now 468 00:28:43,440 --> 00:28:46,080 Speaker 1: what I'd like you to do is think about what 469 00:28:46,320 --> 00:28:51,560 Speaker 1: that retirement should look like. What's your ideal retirement? Right now, 470 00:28:51,600 --> 00:28:55,240 Speaker 1: we will go ahead and email you out our checklist. 471 00:28:55,440 --> 00:28:58,040 Speaker 1: This is our checklist, which literally takes about a minute 472 00:28:58,040 --> 00:29:01,080 Speaker 1: to read through. It'll answer the questions that you might 473 00:29:01,080 --> 00:29:03,800 Speaker 1: be thinking about right now when it comes to retirement, 474 00:29:04,400 --> 00:29:07,360 Speaker 1: give you the clarity you're looking for. If you'd like 475 00:29:07,440 --> 00:29:09,480 Speaker 1: to get that right now, give us a call. We'll 476 00:29:09,520 --> 00:29:11,880 Speaker 1: be happy to send it to you. Eight six six 477 00:29:12,000 --> 00:29:16,680 Speaker 1: Protect Again to get your retirement checklist eight six six 478 00:29:17,360 --> 00:29:21,560 Speaker 1: seven seven six eight three two eight. I'd like to 479 00:29:21,560 --> 00:29:24,640 Speaker 1: give a big thanks to the Protect Your Asset Saint 480 00:29:24,680 --> 00:29:28,120 Speaker 1: Patrick's Day Weekend team for putting together a great show today. 481 00:29:28,160 --> 00:29:31,840 Speaker 1: Executive producer, network manager Kevin Renfer, and of course all 482 00:29:31,880 --> 00:29:34,640 Speaker 1: my fabous producers Nick and Zach helping out back there, 483 00:29:34,640 --> 00:29:37,880 Speaker 1: because without my team, I'm just another pretty voice on 484 00:29:37,920 --> 00:29:40,600 Speaker 1: the radio. Thanks again, everybody you've been listening to the 485 00:29:40,640 --> 00:29:45,120 Speaker 1: Protect Your Asset Show. I am David Hollander, the Sandman, 486 00:29:45,360 --> 00:29:49,160 Speaker 1: have a great weekend and go out and make the 487 00:29:49,160 --> 00:29:53,160 Speaker 1: rest of your life the best of your life. 488 00:29:53,880 --> 00:29:57,120 Speaker 2: Investment advisory services are offered through Liberty Wealth Management, a 489 00:29:57,240 --> 00:30:01,360 Speaker 2: registered investment advisor. This podcast is for informational purposes only 490 00:30:01,440 --> 00:30:03,560 Speaker 2: and should not be relied upon as a basis for 491 00:30:03,680 --> 00:30:06,880 Speaker 2: investment decisions. The strategies mentioned are not suitable for everyone. 492 00:30:06,960 --> 00:30:10,480 Speaker 2: The information expressed is not considered your specific situation or objectives, 493 00:30:10,520 --> 00:30:13,240 Speaker 2: and may not be appropriate for all investors. Past performance 494 00:30:13,320 --> 00:30:15,880 Speaker 2: is not indicative of future results. To better understand the 495 00:30:15,960 --> 00:30:18,720 Speaker 2: risk associated with investing and how it reacts to different 496 00:30:18,720 --> 00:30:22,560 Speaker 2: market conditions, listeners should always consul whether qualified investment professionals, 497 00:30:22,600 --> 00:30:25,600 Speaker 2: financial advisors, legal or tax specialists, and conduct their due 498 00:30:25,600 --> 00:30:28,880 Speaker 2: diligence before making any financial decisions or taking any action. 499 00:30:29,040 --> 00:30:31,200 Speaker 2: The legal information provided on the air is not intended 500 00:30:31,280 --> 00:30:33,960 Speaker 2: substitute for callers hiring their lawyers to advise them about 501 00:30:33,960 --> 00:30:38,160 Speaker 2: personal legal matters. Investments involve risk, and, unless otherwise stated. 502 00:30:37,920 --> 00:30:38,840 Speaker 1: Are not guaranteed. 503 00:30:38,960 --> 00:30:41,520 Speaker 2: Liberty Group, LLC paid for the following program, and the 504 00:30:41,560 --> 00:30:43,920 Speaker 2: host views and opinions do not represent those of the 505 00:30:43,960 --> 00:30:47,000 Speaker 2: station or its ownership. California Life Agent number zero four 506 00:30:47,080 --> 00:30:47,680 Speaker 2: eight five. 507 00:30:47,520 --> 00:30:48,160 Speaker 1: Six y nine. 508 00:30:48,400 --> 00:30:51,480 Speaker 2: Persons engaging the services of one affiliate of Liberty Group 509 00:30:51,720 --> 00:30:55,200 Speaker 2: LLC companies should be aware that each company is operated separately. 510 00:30:55,520 --> 00:30:58,680 Speaker 2: You are listening to the Protect your Assets Radio Network.