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Speaker 1: Time of financial jargon that leaves you feeling confused. If

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Speaker 1: advisor's on call, Greg Ramirez, offer clear, straightforward advice about

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Speaker 1: your retirement, Understand your strategies, regain control, get peace of mind,

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Speaker 1: knowing exactly where you stand. Call five six two two

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Speaker 1: six nine one zero zero seven now and experience clear

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Speaker 1: play speaking advice, probably serving so cal again. That's five

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Speaker 1: six two two six nine one double O seven.

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Speaker 2: TikTok says you can retire at forty, But is that

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Speaker 2: the financial freedom or the financial fantasy?

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Speaker 3: You are moments away from getting the call to live

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Speaker 3: your SoCal dream.

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Speaker 2: With money to spare. We want to go the extra

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Speaker 2: mile because giving you the proper diversification is going to

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Speaker 2: give you a better return.

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Speaker 3: It's time to pick up that phone. You're listening to

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Speaker 3: Advisors on Call with Greg ramirog to how.

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Speaker 2: The market is, and that is a difference that we

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Speaker 2: do here.

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Speaker 3: You're direct lie to a California guidsire man.

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Speaker 4: I guess we're talking about fantasy on the program today. Hey,

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Speaker 4: welcome everyone to Advisers on Call with Greg Ramirez. I'm

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Speaker 4: Jackie Selby retire at forty? Are these people insane? How

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Speaker 4: does that work?

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Speaker 2: You work for only fans until you get there a fortunately. Well,

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Speaker 2: first of all, I want to say, welcome back, Jackie.

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Speaker 2: You on special assignment? Were you part of masade? Were

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Speaker 2: you in Iran blowing up some uh IRGC judits?

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Speaker 4: Oh my gosh, you can't take a day off around here.

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Speaker 2: No, you can't know. But I'm glad that you're back.

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Speaker 4: But yes, thank you, it's great to see you.

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Speaker 2: Oh yeah, same here. But let's talk about this forty

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Speaker 2: because unfortunately that you know, unless you're into the Hiltons

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Speaker 2: of the Rothschilds or you know, maybe belong to Pelosi family,

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Speaker 2: maybe you're stealing all that money that needs to be

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Speaker 2: going to hospice centers. Yeah, you might be able to

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Speaker 2: retire at forty, but you know, most of us don't

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Speaker 2: do that, and we're honest people, So we should talk

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Speaker 2: about how to get there realistically. But I think forty

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Speaker 2: is it's difficult. I mean, unless you have some type

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Speaker 2: of an AI startup, that maybe possible, but that's not everybody.

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Speaker 2: Or maybe you're you're a superstar athlete and you're the

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Speaker 2: number one pick in the you know, the NBA or

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Speaker 2: the NFL. But even those poor guys squander their money.

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Speaker 2: But one thing we do need is we're all going

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Speaker 2: to need help. We're going to need a producier and

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Speaker 2: someone to help us get there. So you know, you

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Speaker 2: don't have to be forty to be retired, folks, today's show,

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Speaker 2: we're going to tell you how to get there. Maybe

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Speaker 2: you have assets that you just don't know where to place,

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Speaker 2: and it's never too late. But I you know, I

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Speaker 2: will say forty is very difficult to retire, very difficult.

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Speaker 4: Yeah, this whole financial independence retire early. These people are

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Speaker 4: living in their parents' basements, working for.

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Speaker 2: Who did you say? You for?

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Speaker 4: Only fans and they're and they're saving you know, seventy

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Speaker 4: percent of their income. Yeah, because your mother's fading you.

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Speaker 2: Yeah, and you're leaving there for with your parents. Who

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Speaker 2: wants that?

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Speaker 4: And then what are you going to buy a house

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Speaker 4: when you're ninety?

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Speaker 2: Come on, No, they're going to take it from their

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Speaker 2: parents and inherit it. Yeah, that's what you've seen nowadays.

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Speaker 2: You know, unfortunately poor people. These you know, these young

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Speaker 2: people they're living at home thirty thirty five years old,

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Speaker 2: which means they start a family later. And you know

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Speaker 2: what we're seeing is I guess we're going back to

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Speaker 2: the tradition. So it used to be like one hundred

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Speaker 2: years ago where you got three generations in a house.

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Speaker 4: Well that's you know, that's one thing if it's by

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Speaker 4: choice and everybody likes each other.

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Speaker 2: But it's not by choice, because what you do is

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Speaker 2: these young people like to travel and they like to

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Speaker 2: take many what they call many retirements, which, right, you know,

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Speaker 2: that affects them for the future. And nobody looks at

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Speaker 2: the big picture, you know. And I think people like

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Speaker 2: Generation X and Generation Jones that we'd like to talk about,

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Speaker 2: we're more realistic. We still want to retirement, we want

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Speaker 2: our we want our kids to be independent, solvent. And

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Speaker 2: these young folks, they have a different approach. It's a

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Speaker 2: lot different than when you and I grew up.

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Speaker 4: Well, for sure, for sure, for sure, for sure are

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Speaker 4: like a.

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Speaker 2: Valley girl there. Oh gosh, totally.

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Speaker 4: God love me all right. Retiring at forty ridiculous information.

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Speaker 4: Greg Ramirez is going to show you how to retire.

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Speaker 4: Maybe not at forty unless you have bookoo book, because

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Speaker 4: how are you going to pay Greg for your health insurance?

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Speaker 4: If you retire at forty, how do you pay your

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Speaker 4: health insurance till you die at ninety five.

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Speaker 2: That's very expensive. Obviously, once you reach sixty two sixty

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Speaker 2: five you could you could get medicare, but you got

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Speaker 2: a long way to go from forty to then. And

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Speaker 2: then if you have children, if you have a family,

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Speaker 2: that's even more expensive. I mean, think about a family

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Speaker 2: of four, you're probably gonna be paying about three thousand

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Speaker 2: dollars a month in healthcare. That's thirty six thousand dollars

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Speaker 2: a year, right there a pretext woo, So you know

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Speaker 2: for you to net it's really about five because you're

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Speaker 2: paying I mean, yeah, you get a tax deduction if

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Speaker 2: you're self employed, but if you're retired, you're not self employed,

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Speaker 2: so you know it's not not not feasible. You know.

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Speaker 2: In addition to that inflation, you got to make sure

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Speaker 2: you're not going to outlast your money. You know, you

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Speaker 2: there's there's a lot of factors here. And then you know,

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Speaker 2: one of the other things, I remember when you retire

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Speaker 2: at forty, guess what, folks, income for life is not

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Speaker 2: available for you until the age fifty. I know I

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Speaker 2: always talk about that. So if you you're going to

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Speaker 2: build a portfolio and you wanted to retire at forty,

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Speaker 2: we are not going to be able to give you

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Speaker 2: income for life. It is only available at age fifty.

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Speaker 2: Oh that's something that's not talked about. Oh well, seymore. Yeah. Yeah.

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Speaker 2: So remember when we build our portfolio Sure Dividers on call,

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Speaker 2: We've got four different pillars, four different acid classes. I

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Speaker 2: have the equities, we have the intervals, we have the

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Speaker 2: alternative investments, and we have insurance. And on insurance, I

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Speaker 2: can get you an insurance vehicle at age forty, but

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Speaker 2: I'm not going to be able to get you the

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Speaker 2: income for life. And that's the important thing because income

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Speaker 2: for life will pay you for life. So if you

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Speaker 2: can't start at forty, that means that you're not going

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Speaker 2: to be able to get that compounding and that income growing.

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Speaker 2: It's going to start at fifty. So what do you

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Speaker 2: do for those ten years? You're going to have to

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Speaker 2: draw money from the other three acid classes, which is

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Speaker 2: the equities, the intervals, and the alternative investments. And I

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Speaker 2: think that that's a you know, that portion that you're

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Speaker 2: not getting. Yeah, ten years, you'll be pretty good. If

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Speaker 2: you could shove away two hundred thousand dollars in ten years,

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Speaker 2: you'll probably get about to see what uh probably about

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Speaker 2: one twenty one thirty a year. Then if you hold

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Speaker 2: on to it for twenty years, you'll be sixty. It

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Speaker 2: could be close to about two twenty. That's good. But still,

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Speaker 2: you know, if we're looking, you know, that's money you

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Speaker 2: can't touch.

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Speaker 4: So right, that's not the fire people. The people who

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Speaker 4: are trying to do this retire at forty thing. They're

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Speaker 4: about spending the money, not saving it exactly.

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Speaker 2: So you you know, you're gonna have to limit what

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Speaker 2: you can. You can't be taking those vacations of a lifetime,

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Speaker 2: you know, getting your you know your you know, I

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Speaker 2: turn forty, let's have a big party. I turn forty five,

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Speaker 2: I turned fifty. You're gonna have to turn it down.

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Speaker 2: You know, you're gonna have to own that same car

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Speaker 2: for ten or fifteen years because you know, let's look

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Speaker 2: at the people that that that keep money and save

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Speaker 2: money are people that live very, very conservatively. What I'm

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Speaker 2: saying is that they don't buy the expensive cars. They

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Speaker 2: live in one house, they're pretty selective about traveling, and

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Speaker 2: you know, they're not buying the latest clothes all the time.

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Speaker 2: They're they're very low key and I have a number

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Speaker 2: of those clients like that. You know, they were called

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Speaker 2: the millionaires next door about twenty years ago because you

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Speaker 2: never knew that they had that much in assets. And

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Speaker 2: the reason why they had this is because they weren't

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Speaker 2: buying a new car every two years. Is keeping up

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Speaker 2: with the Jones is just like today, you know, one

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Speaker 2: of the biggest problems. You know, we're forced with technology.

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Speaker 2: We have to get a new phone, whether it be

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Speaker 2: an Iphi or an Apple, because if we don't get

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Speaker 2: a new phone, these companies purposely don't keep up to technology,

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Speaker 2: so we can be hacked easier. So we're forced to

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Speaker 2: keep up and get new technology. Same thing with computers.

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Speaker 2: Where your computers are going now. Computers they don't a

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Speaker 2: purposely slow them down like they do phones. But the technology,

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Speaker 2: you know, we've got to stay up to date. So

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Speaker 2: about every four or five years you're updating. That's an

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Speaker 2: expense that you have to do. And today's cars, you know,

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Speaker 2: let's face it, twenty thirty years ago, we need to

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Speaker 2: have the technology that you have today. Even though your

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Speaker 2: car is age and if it has cameras in it,

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Speaker 2: the cameras are still twenty five hundred and three thousand dollars.

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Speaker 2: So picture you buy sixty seventy thousand dollars car. Now

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Speaker 2: you know, five years from now, your car's worth twenty thousand.

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Speaker 2: A camera goes out. That's three thousand dollars. Yeah, right,

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Speaker 2: you may be paying more than what that car is worth.

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Speaker 2: So things have changed. You know, you can't keep a

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Speaker 2: car ten years like you used to twenty thirty years ago.

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Speaker 2: But once you get to the five or six year

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Speaker 2: period and everything starts breaking down, you got to change

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Speaker 2: and get a new one. This technology is not you know,

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Speaker 2: it's good, but at the same time it's negatively because

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Speaker 2: you're forced to get something new and you have to

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Speaker 2: pay in today's dollars, which is very expensive. So you know,

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Speaker 2: so when you're going to retire at forty, I think

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Speaker 2: you better rethink that and maybe try to stretch it

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Speaker 2: out to your fifty five, you know, or be normal

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Speaker 2: way it's your sixty two. So that way, either you know,

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Speaker 2: you'll be able to get some at you know, some

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Speaker 2: social security. I don't think you're going to get one

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Speaker 2: hundred percent, but I think you're going to get some,

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Speaker 2: and I think it'll be better placed because there's vehicles

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Speaker 2: that we'll be able to give you the income for

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Speaker 2: life and you'll have a bigger nest egg, you know,

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Speaker 2: because folks, I'll tell you something. You now, you can't

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Speaker 2: get a long term care policy at forty. There's only

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Speaker 2: some selective companies. There's not a lot, but most start

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Speaker 2: at fifty. We can give you a life insurance policy,

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Speaker 2: because that's something that I knew be very inexpensive. That's

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Speaker 2: one plus because if we could have you think of

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Speaker 2: the big picture of retirement planning, I would say, get

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Speaker 2: long if you can get long term care at forty,

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Speaker 2: but no one thinks about it. I didn't even think

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Speaker 2: about it myself. I didn't get myself a long term

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Speaker 2: care policy until I was fifty. I should have gotten one. Well,

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Speaker 2: I did have a life insurance policy that actually had

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Speaker 2: an It had an accelerated benefit for the critical and chronic,

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Speaker 2: so I did have that, but I, you know, life

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Speaker 2: long term care for me back then wasn't available when

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Speaker 2: I was forty, which was about thirteen years ago. Today's

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Speaker 2: changed a little bit, so you know, the question of

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Speaker 2: you know, unfortunately, I think people should wait a little

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Speaker 2: bit longer. That's my opinion, because at forty two, you

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Speaker 2: got young children. Children are expensive, Yes, you know, I

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Speaker 2: think the average I think per child, and maybe i'm

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Speaker 2: a little made me be a little expensive. It's about

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Speaker 2: two grand a month. So that's if you have two children,

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Speaker 2: that's four thousand dollars. But that's forty eight thousand. Doesn't

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Speaker 2: include you know, the medical it doesn't include you know.

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Speaker 2: And then if you want to send them to a

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Speaker 2: private school or if you want to you know, obviously

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Speaker 2: private school is more expensive. But you know you've got

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Speaker 2: that's two other people. And then if you have a

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Speaker 2: if you have a spouse, I don't know, if they're

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Speaker 2: working or if they're going to be retired, you got

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Speaker 2: to help them out and add another three that's seven thousand.

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Speaker 2: That's all money. Yeah, it all adds up.

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Speaker 4: Get back to work and forget this tomfoolery.

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Speaker 2: Right, Yes, yes, that's what I would say. So if

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Speaker 2: you're a realist and you're out there and you need

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Speaker 2: help with retirement, planny, like I like to say, we

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Speaker 2: have the you know, you have the pieces of the puzzle.

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Speaker 2: We will complete that puzzle for you. Give us a

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Speaker 2: call and we will give you a portfolio X ray.

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Speaker 2: We will let you know where you stand and where

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Speaker 2: you need to be perfect.

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Speaker 4: Here's the number to reach Greg. Advisors on Call is

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Speaker 4: five six two two six nine one zero zero seven.

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Speaker 4: Now you can call or text that number either one

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Speaker 4: five six two two six nine one zero zero seven.

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Speaker 4: Call or text Advisors on call or info edit Advisors

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Speaker 4: on call dot com beret dot Hey, welcome back to

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Speaker 4: our show. Advisors on Call with Greg Ramirez at five

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Speaker 4: six two two six' nine one zero zero. Seven you

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Speaker 4: can call her text him at that number five six

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Speaker 4: two two sixt' nine one zero zero. Seven all, right

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Speaker 4: a couple questions for, You greg on this whole fire

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Speaker 4: thing and retiring early and all. This how does early

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Speaker 4: retirement change the risk level of somebody's plan?

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Speaker 2: Exponentially not just.

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Speaker 4: Sequence of, returns but so many other.

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Speaker 2: Things oh, yeah your medical. Insurance i'll give you an.

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Speaker 2: EXAMPLE i have a client right. Now she's fifty seven years,

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Speaker 2: old and she wants to retire at fifty. Eight, now

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Speaker 2: we made the right plans now with. Her see this

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Speaker 2: is a. Difference she's not, forty so at. Fifty WHAT

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Speaker 2: i did is that we did a couple of years,

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Speaker 2: ago we did an income for life vehicle AND i told, her,

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Speaker 2: look if you're going to, retire you're not going to

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Speaker 2: be able to get so security at the early sintil

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Speaker 2: sixty two unless you're going to go out on. Disability it's, like, No,

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Speaker 2: Greg i'm not. Disabled. Now she's fortunate enough that she's

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Speaker 2: going to get a pension where she works. From, however

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Speaker 2: her biggest concern is how she's going to pay for medical.

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Speaker 2: Benefits oh, yes and so we've worked out a. Plan

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Speaker 2: and this person's probably worth let me see, here about

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Speaker 2: two or three million, dollars and so they have the

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Speaker 2: assets to certainly. Go but what this person has allowed

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Speaker 2: me to, do they've allowed me to put the income

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Speaker 2: for life in. Place AND i, said, look this is

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Speaker 2: what we're going to. Do when you're fifty. Eight we're

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Speaker 2: going to do seventy TWO t which is substantially equal.

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Speaker 2: Payments we are going to take money out of your,

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Speaker 2: era which that'll weigh the ten percent tax penalty'll take

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Speaker 2: you to age sixty. Two and we figured out she

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Speaker 2: needs about seven thousand dollars a, month which works out

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Speaker 2: to eighty four thousand dollars a year. Taxable she's going

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Speaker 2: to take about one hundred because she's gonna have to pay. Taxes.

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Speaker 2: Okay she owns her home free and, clear so that's

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Speaker 2: one of the biggest hurdles effort order for people to retire,

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Speaker 2: early have your home paid. Off she doesn't have a

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Speaker 2: lot of. Expenses she does drive a company, car so

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Speaker 2: so she, SAID i need to buy a. Car but

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Speaker 2: she's going to be okay because with what we're going

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Speaker 2: to give her off of her retirement assets plus what

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Speaker 2: she's getting in, pension because her pension is like three

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Speaker 2: thousand dollars a. Month so what that means is that

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Speaker 2: we only have to come up with about another four

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Speaker 2: thousand out of her retire out of HER era or

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Speaker 2: her four oh ONE k. Plan, well fortunately for, her

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Speaker 2: she's got about one point five million in a qualified.

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Speaker 2: Plan now there's other, assets But i'm not going to

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Speaker 2: use all of them BECAUSE i have some of those

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Speaker 2: other assets into the income for live. Plus she also

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Speaker 2: has a long term care, policy so she's covered on.

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Speaker 2: That so when she turned sixty, two she's going to

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Speaker 2: be elder Social. Security at that, POINT i think she's

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Speaker 2: going to get about three thousand dollars a. Month but

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Speaker 2: then if she wants, to because we have fifty, five

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Speaker 2: she'll be at the eighth year of that income for live,

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Speaker 2: product we put away three hundred. Thousand that three hundred

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Speaker 2: thousand is going to give her about eighty thousand dollars a. Year,

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Speaker 2: Wow so she's on easy. Street by the time she

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Speaker 2: reads sixty two says she will still have her. Pension

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Speaker 2: she will have a sold security that she's not eligible.

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Speaker 2: For because the other question, was, Well, greg SHOULD i

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Speaker 2: wait Till i'm sixty? FIVE i, go, no you're. Single you.

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Speaker 2: Die uncle, sampsays thank, you because you can't keep that.

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Speaker 2: Money SO i told her to take the sold. Security

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Speaker 2: at sixty, two we can turn on the. Income and

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Speaker 2: she told, me she, said, Well, GREG i don't need

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Speaker 2: that much. Money, well this is the beauty of the

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Speaker 2: income for, life, folks is that you can turn it.

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Speaker 2: On but if you don't need that eighty thousand, dollars

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Speaker 2: you can only take forty or. Fifty you can defer the,

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Speaker 2: rest and then when you do need, it you can

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Speaker 2: get out at a later. Time, now the other thing

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Speaker 2: of WHY i like it is that also is that

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Speaker 2: the following year she could get it. Raised that eighty

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00:14:43,760 --> 00:14:45,440
Speaker 2: can go up to, ninety That natty will go up

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Speaker 2: tow one hundred it never goes, backwards it goes. Forward

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Speaker 2: you have ten times you can access that income stream for, life. Folks,

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Speaker 2: now the only drawback is that it's tax boil's. Income

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Speaker 2: so one of the THINGS i told her is that

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Speaker 2: if we don't from from fifty eight to sixty, two

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Speaker 2: if we can convert that money so that by the

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Speaker 2: time when she's sixty two turns it on and it

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Speaker 2: comes out of a roth, ira that eighty thousand dollars

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Speaker 2: is tax. Free so that's one of the strategies that

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Speaker 2: we're going to employ when she's, retired because she'll obviously

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Speaker 2: be in a lesser tax. Bracket but by doing, that

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Speaker 2: we are going to set her up. Good and the

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Speaker 2: reason why she's able to retire at this age is

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Speaker 2: because she's listened to. Me she's been a client of

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Speaker 2: mine for a long, time very good. Client you. Know

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Speaker 2: she questioned to, me, Well, greg why are we doing?

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Speaker 2: This because there was a time Where i'm going to

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Speaker 2: be honest with, FOLKS i was not an advocate of.

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Speaker 2: Annuities and the reason why is because the income for

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Speaker 2: life where they weren't, there you, know because the traditional

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00:15:37,720 --> 00:15:39,480
Speaker 2: way is that you turn on the income for, life

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00:15:39,520 --> 00:15:41,560
Speaker 2: you get that for. Life there's no, raise you can't

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Speaker 2: get a second stream of. Income as an inflation, writer

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Speaker 2: that wasn't. There but As i've, Seen i've seen the

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00:15:47,480 --> 00:15:50,480
Speaker 2: industry change And i've seen some very good, additions some

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00:15:50,640 --> 00:15:53,160
Speaker 2: new products that have come out WHERE i think it's

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00:15:53,240 --> 00:15:56,880
Speaker 2: essential because, folks she's She's GENERATION, x just like. Me

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00:15:57,240 --> 00:15:59,600
Speaker 2: one THING i do know is social security is not

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00:15:59,640 --> 00:16:01,960
Speaker 2: going to be one hundred. Percent so if we can

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00:16:02,000 --> 00:16:03,960
Speaker 2: build you a portfolio so that when you're ready to

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00:16:04,000 --> 00:16:05,680
Speaker 2: retire and you already have that income for life that's

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00:16:05,680 --> 00:16:09,000
Speaker 2: been multiplying and growing for, five, seven eight, years you

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00:16:09,040 --> 00:16:11,200
Speaker 2: are going to be. SET i myself have income for.

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Speaker 2: LIFE i bought, one you, know twenty years from. NOW

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00:16:13,880 --> 00:16:15,520
Speaker 2: i know exactly What i'm going to. Get AND i

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00:16:15,560 --> 00:16:18,000
Speaker 2: also know that you have to have different streams of.

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00:16:18,000 --> 00:16:20,040
Speaker 2: Income some of us have real, estate some of us.

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Speaker 2: Can't you, know we can't fathom having real. ESTATE i get.

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00:16:22,400 --> 00:16:24,280
Speaker 2: It you, know everybody wants to deal with, people but

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00:16:24,280 --> 00:16:26,960
Speaker 2: we want to create different streams of. Income YOUR, ira

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00:16:27,520 --> 00:16:30,520
Speaker 2: your four ONE k, plan if you do have a,

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00:16:30,560 --> 00:16:33,120
Speaker 2: pension if you're blessed to have a, pension they're not you,

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00:16:33,160 --> 00:16:35,480
Speaker 2: know not as many out, there but we're going to

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00:16:35,480 --> 00:16:38,280
Speaker 2: give you one on your. Own and that's why twenty

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Speaker 2: to thirty percent of your total assets should be invested

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Speaker 2: in an income for life, vehicle or as we, say

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Speaker 2: the ind insurance. Portion and, remember, folks the other part

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Speaker 2: of that insurance portion is long term. Care long term

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Speaker 2: care is very important because look at the costs of

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Speaker 2: medical insurance. Today what do you think it's going to

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00:16:54,520 --> 00:16:57,080
Speaker 2: be if you need care at home or at a

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00:16:57,120 --> 00:16:59,040
Speaker 2: twenty four hour, Care it's going to be a lot

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Speaker 2: more than what it is. Today so if you can

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00:17:01,360 --> 00:17:03,920
Speaker 2: take care of those two, things you're going to be.

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00:17:03,960 --> 00:17:05,800
Speaker 2: Set the sooner you get, it the better off you

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00:17:05,840 --> 00:17:08,000
Speaker 2: are because the less you're going to pay AND i

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00:17:08,400 --> 00:17:11,280
Speaker 2: and if you're, older what that means is, that, yes

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00:17:11,320 --> 00:17:13,399
Speaker 2: it's more. Expensive it means you have to throw more assets.

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00:17:13,440 --> 00:17:15,640
Speaker 2: Down but when you're, older you probably have more. Assets

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00:17:16,000 --> 00:17:19,080
Speaker 2: so depending on what your situation, is you give us a,

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00:17:19,119 --> 00:17:21,040
Speaker 2: Call we will give you THE x. Ray we will

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00:17:21,119 --> 00:17:23,040
Speaker 2: let you know where you, stand what we need to,

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00:17:23,080 --> 00:17:26,080
Speaker 2: do what assets we can you, know change and give

384
00:17:26,080 --> 00:17:28,640
Speaker 2: you what you. Need and you can use our Email

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00:17:28,840 --> 00:17:31,560
Speaker 2: Infloid advisors on call dot com or what's that phone, Number.

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00:17:31,640 --> 00:17:34,920
Speaker 4: Jackie, sure it's five six two two six nine one

387
00:17:35,040 --> 00:17:38,560
Speaker 4: zero zero seven five six two two six nine one

388
00:17:38,640 --> 00:17:42,840
Speaker 4: zero zero. Seven call or text that number. AGAIN i

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00:17:42,920 --> 00:17:45,480
Speaker 4: know he said it kind of. Fast it's info at

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00:17:45,560 --> 00:17:48,320
Speaker 4: advisors on call dot. Com but it's really easy to,

391
00:17:48,359 --> 00:17:51,600
Speaker 4: remember isn't it info at advisors on call Dot comsure is,

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00:17:51,880 --> 00:17:54,920
Speaker 4: sure it's not hard to. Remember are people creating an

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00:17:55,240 --> 00:17:59,760
Speaker 4: unnecessary pressure on themselves by comparing themselves to these stories

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00:17:59,760 --> 00:18:01,600
Speaker 4: that we SEE onk talk and?

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Speaker 2: Whatever, Yes oh my. God so now we have to do.

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00:18:05,480 --> 00:18:11,680
Speaker 4: Not only have retirement part to piss in and realistically

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00:18:11,680 --> 00:18:14,040
Speaker 4: you find out they're, ranting they're living with their, parents

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00:18:14,080 --> 00:18:16,000
Speaker 4: but they want to put this image on like they're very.

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Speaker 2: RICH i have SOMEBODY i know that every once in

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00:18:19,320 --> 00:18:21,360
Speaker 2: a WHILE i have to let them know that you're

401
00:18:21,359 --> 00:18:24,159
Speaker 2: comparing yourself to people that don't have. Anything do they have?

402
00:18:24,240 --> 00:18:27,320
Speaker 2: Retirement what do they really? Have and they get. Depressed,

403
00:18:27,320 --> 00:18:28,720
Speaker 2: well how come they get to travel and they have

404
00:18:28,760 --> 00:18:30,720
Speaker 2: all these wonderful, THINGS i, said because that's what they

405
00:18:30,800 --> 00:18:32,560
Speaker 2: do for a. Living but when they come, home reality

406
00:18:32,640 --> 00:18:34,320
Speaker 2: hits them that they don't own a, house they don't

407
00:18:34,359 --> 00:18:36,480
Speaker 2: have four oh one k plan. Savings, right they're trying

408
00:18:36,520 --> 00:18:39,960
Speaker 2: to make a living by having A instagram or you,

409
00:18:39,960 --> 00:18:43,439
Speaker 2: know a podcast to get. Followers that's not live. People

410
00:18:43,680 --> 00:18:47,320
Speaker 2: real life is. Savings and you know when people are out,

411
00:18:47,359 --> 00:18:50,160
Speaker 2: there you, know trying to be as extravagant as they. Can,

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00:18:50,600 --> 00:18:52,320
Speaker 2: well first of, ALL i think it's pretty, shallow but

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00:18:52,560 --> 00:18:55,959
Speaker 2: secondly it's not. Realistic AND i feel sorry for today's

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00:18:56,000 --> 00:18:58,359
Speaker 2: youth because THEY'RE i, mean social media is such a

415
00:18:58,440 --> 00:19:00,679
Speaker 2: large influence on these young. People they all feel they

416
00:19:00,680 --> 00:19:02,480
Speaker 2: need to be having the Big hey WHEN i turned

417
00:19:02,520 --> 00:19:04,880
Speaker 2: twenty one or twenty, five or even when they're, SIXTEEN

418
00:19:05,000 --> 00:19:07,000
Speaker 2: i gotta have this, big giant. Party no you, Don't,

419
00:19:07,119 --> 00:19:10,200
Speaker 2: no you don't have a regular, party, right thank? You

420
00:19:11,040 --> 00:19:13,760
Speaker 2: what's spending the fifteen thousand dollars twenty five thousand dollars?

421
00:19:13,840 --> 00:19:17,119
Speaker 2: For come, on coming on and In for some of these,

422
00:19:17,200 --> 00:19:20,280
Speaker 2: kids there are college. Athletes you don't need to pay

423
00:19:20,280 --> 00:19:23,199
Speaker 2: ten thousand dollars for an apartment you're in, College go

424
00:19:23,320 --> 00:19:25,119
Speaker 2: play and stay at the dorm and put that money,

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00:19:25,160 --> 00:19:27,400
Speaker 2: away you, know if you can save that money. Earlier

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00:19:27,480 --> 00:19:29,639
Speaker 2: because some of these anil deals that these kids are

427
00:19:29,640 --> 00:19:31,840
Speaker 2: getting are. Fun now they're making a, million two three million.

428
00:19:31,880 --> 00:19:34,000
Speaker 2: Dollars you put some of that money, away you are

429
00:19:34,040 --> 00:19:36,160
Speaker 2: going to be set for. Life. Folks so if there's

430
00:19:36,200 --> 00:19:38,200
Speaker 2: any college athletes that are listening to this show right,

431
00:19:38,200 --> 00:19:40,600
Speaker 2: now give us a. Call we'll give you a PORTFOLIO x,

432
00:19:40,680 --> 00:19:43,120
Speaker 2: ray and we will set you up for. Life too

433
00:19:43,119 --> 00:19:45,159
Speaker 2: many TIMES i see stories of these young kids just

434
00:19:45,200 --> 00:19:48,240
Speaker 2: blowing through this. Money. Folks we're not young. Forever AND

435
00:19:48,400 --> 00:19:50,280
Speaker 2: i was an athlete once at my. Time you, KNOW

436
00:19:50,320 --> 00:19:52,240
Speaker 2: i was FORTUNATE i had a. Scholarship but once we're,

437
00:19:52,280 --> 00:19:54,119
Speaker 2: done you, know we don't all get to be a.

438
00:19:54,160 --> 00:19:55,920
Speaker 2: Pro that percentage is like one.

439
00:19:55,880 --> 00:19:58,080
Speaker 4: Or two, percent, yeah.

440
00:19:58,119 --> 00:20:01,200
Speaker 2: Exactly so when that times, gone and if you're able

441
00:20:01,240 --> 00:20:04,440
Speaker 2: to make money during that, time put some of it.

442
00:20:04,520 --> 00:20:06,959
Speaker 2: Away you, know we don't. Know you, know from one

443
00:20:07,040 --> 00:20:09,000
Speaker 2: day to the. Next you got an, injury life can.

444
00:20:09,119 --> 00:20:11,960
Speaker 2: Change and be smart about. It and you, know if

445
00:20:11,960 --> 00:20:14,080
Speaker 2: you want some, advice we'll be more than happy to

446
00:20:14,080 --> 00:20:15,960
Speaker 2: give you advice about what to. Do but you, know

447
00:20:16,000 --> 00:20:18,520
Speaker 2: you got to think long, term, folks think long, term

448
00:20:18,600 --> 00:20:21,639
Speaker 2: the long. Game that is the key with. Life having a,

449
00:20:21,680 --> 00:20:24,080
Speaker 2: plan you, know not thinking of just. Today BECAUSE i

450
00:20:24,080 --> 00:20:25,520
Speaker 2: have some people THAT i know they go, Well GREG

451
00:20:25,520 --> 00:20:28,000
Speaker 2: i don't think about. TOMORROW i just think about today

452
00:20:28,000 --> 00:20:29,760
Speaker 2: AND i SPEND i. Go so what happens when you get?

453
00:20:29,800 --> 00:20:31,600
Speaker 2: Old why don't want to think about that right? Now

454
00:20:31,840 --> 00:20:34,000
Speaker 2: that's not a good. Sign that's a partner that you may,

455
00:20:34,040 --> 00:20:37,199
Speaker 2: have that may be somebody you want to reevaluate. With because,

456
00:20:37,440 --> 00:20:40,040
Speaker 2: folks we all get, old we all slow, down and you,

457
00:20:40,040 --> 00:20:42,000
Speaker 2: know we don't want to be out, there you, know

458
00:20:42,240 --> 00:20:44,400
Speaker 2: out in the. Streets we want to have a. Plan

459
00:20:44,520 --> 00:20:46,960
Speaker 2: we want to know what to, do you, know plan

460
00:20:47,119 --> 00:20:49,919
Speaker 2: having a, family that that's what counts, folks you, Know

461
00:20:50,320 --> 00:20:52,439
Speaker 2: and LIKE i, said if you're a business, owner you

462
00:20:52,480 --> 00:20:54,240
Speaker 2: don't have a, plan give us a. Call we will

463
00:20:54,240 --> 00:20:56,399
Speaker 2: put you on on a. Plan or maybe you just

464
00:20:56,440 --> 00:20:58,840
Speaker 2: inherited some, money maybe one of your maybe your mom

465
00:20:58,920 --> 00:21:01,000
Speaker 2: or your maybe your parents, die maybe your grandparents signing

466
00:21:01,000 --> 00:21:02,679
Speaker 2: and you were left with money you don't know what

467
00:21:02,720 --> 00:21:04,919
Speaker 2: to do with. It let's let's put a plan together

468
00:21:05,000 --> 00:21:07,040
Speaker 2: and do the right thing for you so that that

469
00:21:07,119 --> 00:21:10,040
Speaker 2: will help you retire faster and putting those assets away

470
00:21:10,040 --> 00:21:12,720
Speaker 2: in the right types of vehicles so in case something

471
00:21:12,760 --> 00:21:14,919
Speaker 2: happens to, you you setting your family up and if

472
00:21:14,960 --> 00:21:16,399
Speaker 2: you don't have a, trust if you don't have a

473
00:21:16,400 --> 00:21:19,080
Speaker 2: will or a power at journey for healthcare or for.

474
00:21:19,200 --> 00:21:21,520
Speaker 2: Financials give us a. Call we can help you out

475
00:21:21,520 --> 00:21:25,840
Speaker 2: with that very questions with, taxes let us, Know, oh you.

476
00:21:25,760 --> 00:21:28,119
Speaker 4: Just cover it. All i'm going to hand out the number.

477
00:21:28,160 --> 00:21:32,080
Speaker 4: Again five six two two six' nine one zero zero

478
00:21:32,200 --> 00:21:36,640
Speaker 4: seven five six two two six' nine one. Zero zero

479
00:21:36,760 --> 00:21:40,120
Speaker 4: Seven advisors On Call. With greg ramirez you can also

480
00:21:40,160 --> 00:21:44,239
Speaker 4: email him info at advisorson. Call dot com get your,

481
00:21:44,280 --> 00:21:48,560
Speaker 4: portfolio x, ray and boy get working. On your retirement

482
00:21:48,760 --> 00:21:51,960
Speaker 4: we're not talking about, retiring at forty but the traditional

483
00:21:52,080 --> 00:21:55,119
Speaker 4: kind because this WHOLE forty thing i just think is.

484
00:21:55,480 --> 00:21:58,440
Speaker 4: Just for, TikTok it knows it. Ain't for real.

485
00:21:58,920 --> 00:22:04,520
Speaker 2: It, ain't real no it's another another Influencer trying to, it's.

486
00:22:04,520 --> 00:22:06,440
Speaker 2: A scam folks.

487
00:22:06,760 --> 00:22:09,840
Speaker 4: I, just, wondered greg sometimes how long influencers are going?

488
00:22:09,880 --> 00:22:11,640
Speaker 4: To get, paid you know? On social media like these

489
00:22:11,640 --> 00:22:13,479
Speaker 4: people are they thinking they're going to be, doing this

490
00:22:13,520 --> 00:22:16,480
Speaker 4: forever walking around the, globe going Hey. MOVE to china i?

491
00:22:16,600 --> 00:22:20,440
Speaker 2: DID you know i think they do actually because they don't. Think,

492
00:22:20,480 --> 00:22:22,720
Speaker 2: long term yeah they don't. Think LONG term and i

493
00:22:22,720 --> 00:22:25,680
Speaker 2: think that's WHAT'S unfortunate because i would think of a streamer.

494
00:22:26,000 --> 00:22:28,040
Speaker 2: As an, athlete you know you got maybe good ten

495
00:22:28,080 --> 00:22:30,400
Speaker 2: or twelve years because we all, get, older too right

496
00:22:30,480 --> 00:22:32,280
Speaker 2: and then your your audience is. Going to change and

497
00:22:32,680 --> 00:22:34,639
Speaker 2: you know your audience is now, in their twenties when

498
00:22:34,640 --> 00:22:36,399
Speaker 2: their thirties, and their forties you think they're still going

499
00:22:36,400 --> 00:22:39,399
Speaker 2: to Be traveling the Thailand. Or, the Philippines. No, or

500
00:22:39,480 --> 00:22:41,119
Speaker 2: vietnam no they're not going. To do that maybe they

501
00:22:41,119 --> 00:22:43,840
Speaker 2: have families that. Might, say changes therefore your audience is

502
00:22:43,840 --> 00:22:45,399
Speaker 2: going to. HAVE to, change i mean unless you're going

503
00:22:45,440 --> 00:22:48,920
Speaker 2: to have some type of a progressional life podcast where,

504
00:22:49,040 --> 00:22:51,600
Speaker 2: you get older you you. Might be okay but most.

505
00:22:51,640 --> 00:22:52,680
Speaker 2: People they don't they don't.

506
00:22:52,720 --> 00:22:55,000
Speaker 4: Think that way here's that Number again for greg five

507
00:22:55,080 --> 00:22:58,400
Speaker 4: six two two six nine one, zero zero seven, Call,

508
00:22:58,480 --> 00:23:07,880
Speaker 4: or text hey welcome back. To our Show advisors On Call,

509
00:23:07,920 --> 00:23:11,800
Speaker 4: With Greg ramirez greg Ramirez reach bullond well a couple,

510
00:23:11,840 --> 00:23:14,320
Speaker 4: of different ways believe. It or not that's why he

511
00:23:14,400 --> 00:23:18,080
Speaker 4: calls It advisor on call because he is your, advisor

512
00:23:18,119 --> 00:23:22,120
Speaker 4: on call but The website Is advisors on. Call dot

513
00:23:22,160 --> 00:23:24,359
Speaker 4: com and. He's the man he will come. Out to you,

514
00:23:24,440 --> 00:23:26,600
Speaker 4: he's the face he's got a whole company and a.

515
00:23:26,640 --> 00:23:28,879
Speaker 4: Team behind him but he's the one that will travel

516
00:23:28,880 --> 00:23:31,080
Speaker 4: around and, meet with you and it's easy. To book

517
00:23:31,119 --> 00:23:33,840
Speaker 4: it it's five six two two sixty nine one zero

518
00:23:34,000 --> 00:23:37,680
Speaker 4: zero seven five six two two six nine one zero

519
00:23:37,960 --> 00:23:42,239
Speaker 4: zero seven. Call or, Text, now recently greg you were

520
00:23:42,280 --> 00:23:46,280
Speaker 4: at an. Alternative investment convention now you talk about alt

521
00:23:46,359 --> 00:23:49,280
Speaker 4: investments on the show from. Time to time is there

522
00:23:49,359 --> 00:23:49,960
Speaker 4: anything new?

523
00:23:50,000 --> 00:23:52,439
Speaker 2: In, that world yeah there's some. Great stuff there get

524
00:23:52,520 --> 00:23:56,320
Speaker 2: us out. EXCELLENT investment opportunities. I saw one now. Make

525
00:23:56,359 --> 00:24:01,000
Speaker 2: my disclaimer alternative investments are for. A credited investors credited

526
00:24:01,000 --> 00:24:03,800
Speaker 2: investors are with a net worth of one million dollars

527
00:24:03,880 --> 00:24:06,600
Speaker 2: separate from your primary residence or an income of two

528
00:24:06,680 --> 00:24:09,800
Speaker 2: hundred and. Fifty thousand dollars so we had. Some investment

529
00:24:09,920 --> 00:24:11,800
Speaker 2: vehicles there was one IN particular that i liked that

530
00:24:12,720 --> 00:24:15,640
Speaker 2: was basically liquid for six months that paid can pay,

531
00:24:15,640 --> 00:24:18,600
Speaker 2: about six well it paid about it pays six, and

532
00:24:18,640 --> 00:24:20,720
Speaker 2: a quarter but by paying about five point seventy five

533
00:24:21,240 --> 00:24:24,159
Speaker 2: and you can leave. It in there it does have

534
00:24:24,359 --> 00:24:27,280
Speaker 2: a drip program and in increments. Of six months so

535
00:24:27,359 --> 00:24:30,520
Speaker 2: like a VERY short term. Cd alternative investment i'm GOING

536
00:24:30,600 --> 00:24:33,920
Speaker 2: to call cd alternative investment because of the duration. It's six,

537
00:24:33,960 --> 00:24:36,560
Speaker 2: months you know you can do every six months, it

538
00:24:36,600 --> 00:24:38,320
Speaker 2: comes due so you can. Leave it there if you,

539
00:24:38,359 --> 00:24:40,160
Speaker 2: need your money you can. TAKE it out i thought

540
00:24:40,200 --> 00:24:43,160
Speaker 2: that was an Excellent vehicle because i've never seen something. That,

541
00:24:43,160 --> 00:24:46,080
Speaker 2: that's liquid now obviously that could change based, on the market,

542
00:24:46,280 --> 00:24:49,160
Speaker 2: but you know it's not correlated. To the market that's,

543
00:24:49,160 --> 00:24:51,800
Speaker 2: the other THING so you i thought that was. An,

544
00:24:51,800 --> 00:24:55,560
Speaker 2: excellent vehicle obviously there were some other different investment opportunities

545
00:24:55,680 --> 00:24:58,600
Speaker 2: out there dealing. WITH real estate dst ten, thirty one,

546
00:24:58,640 --> 00:25:03,920
Speaker 2: exchanges different companies. Tax mitigation strategies there are some interesting

547
00:25:04,000 --> 00:25:07,560
Speaker 2: tax MITIGATION strategies. That i saw there was some very

548
00:25:07,560 --> 00:25:10,320
Speaker 2: good information out there and some NEW companies that i

549
00:25:10,359 --> 00:25:12,960
Speaker 2: was not FAMILIAR with that i definitely would like to

550
00:25:12,960 --> 00:25:15,359
Speaker 2: do business with and would probably share with people that

551
00:25:15,640 --> 00:25:18,719
Speaker 2: are prospective clients OR prospects that i think we can

552
00:25:18,760 --> 00:25:20,920
Speaker 2: definitely help. You out, with but yeah it was. A good,

553
00:25:20,920 --> 00:25:22,520
Speaker 2: SHOW i mean i go every year, to these things,

554
00:25:22,640 --> 00:25:25,120
Speaker 2: AND you know i like to find out what's going

555
00:25:25,160 --> 00:25:28,000
Speaker 2: on with. SOME existing investments i also like to go find,

556
00:25:28,040 --> 00:25:29,920
Speaker 2: out what's new and there was a lot of new

557
00:25:30,040 --> 00:25:31,920
Speaker 2: new material OUT there that i think could be very

558
00:25:31,920 --> 00:25:34,520
Speaker 2: helpful and. Beneficial to clients, and you know one OF

559
00:25:34,520 --> 00:25:35,840
Speaker 2: the things i do want to push right, now, is

560
00:25:35,840 --> 00:25:38,760
Speaker 2: that folks if you're wondering what an, alternative investment is

561
00:25:38,800 --> 00:25:41,040
Speaker 2: maybe you're not used to it. Or the exposure we

562
00:25:41,160 --> 00:25:43,639
Speaker 2: have a Book called To alt Or. Not to alt

563
00:25:43,920 --> 00:25:50,199
Speaker 2: it's Available on Online, Barnes, and nobles amazon wherever you,

564
00:25:50,200 --> 00:25:52,600
Speaker 2: buy your books wherever you. Buy your books and if

565
00:25:52,640 --> 00:25:55,000
Speaker 2: you want to know more about what? Are alternative Investors

566
00:25:55,040 --> 00:25:57,720
Speaker 2: what is greg? Always talking about. Get that book it'll

567
00:25:57,720 --> 00:26:02,000
Speaker 2: give you, a very, good you know read in terms

568
00:26:02,000 --> 00:26:03,919
Speaker 2: of what they're About and what i'm talking ABOUT and

569
00:26:03,960 --> 00:26:06,080
Speaker 2: why i think they're important, in, your, PORTFOLIO because folks

570
00:26:06,119 --> 00:26:08,480
Speaker 2: i can tell you right now eighty percent eighty to

571
00:26:08,560 --> 00:26:10,720
Speaker 2: ninety percent of THE people that i meet or that

572
00:26:10,800 --> 00:26:13,720
Speaker 2: call in from the radio don't. Have alternative investments they've

573
00:26:13,720 --> 00:26:17,600
Speaker 2: got a traditional, sixty forty portfolio, sixty percent equities. Forty

574
00:26:17,600 --> 00:26:19,959
Speaker 2: percent bonds and the reason why is because that's all

575
00:26:19,960 --> 00:26:21,680
Speaker 2: THAT your FOUR o one K offers and. I get

576
00:26:21,720 --> 00:26:23,360
Speaker 2: it and that's one of THE reason why i tell

577
00:26:23,400 --> 00:26:25,639
Speaker 2: people it's very beneficial for you to do an. In

578
00:26:25,640 --> 00:26:27,720
Speaker 2: service rollover, if That's possible and i've had a number

579
00:26:27,760 --> 00:26:29,920
Speaker 2: Of clients that i've had we've done the, in service

580
00:26:30,000 --> 00:26:32,720
Speaker 2: rollover and we've given you the pieces of the puzzle

581
00:26:32,760 --> 00:26:36,400
Speaker 2: that you don't have, access to, insurance alternative, investments interval.

582
00:26:36,440 --> 00:26:39,840
Speaker 2: Funds individual equities that, is a difference and that's why

583
00:26:39,880 --> 00:26:41,879
Speaker 2: you should read My book To all Or not to

584
00:26:41,920 --> 00:26:44,800
Speaker 2: all get that information and know why it's important not

585
00:26:44,920 --> 00:26:47,639
Speaker 2: to have assets correlated. To the market the, less you

586
00:26:47,720 --> 00:26:50,479
Speaker 2: have the less, volatility you have the better off you're

587
00:26:50,520 --> 00:26:52,399
Speaker 2: going to be when. There's a downturn and that's one

588
00:26:52,440 --> 00:26:54,880
Speaker 2: of the differences. That we do hear a, dividers, on call.

589
00:26:54,880 --> 00:26:58,280
Speaker 4: Sure and that's really kind of a cool thing To

590
00:26:58,480 --> 00:27:02,439
Speaker 4: alt Or not To All by greg ramirez available where you,

591
00:27:02,440 --> 00:27:05,280
Speaker 4: buy your books or you. Could call him maybe he'll

592
00:27:05,680 --> 00:27:07,520
Speaker 4: give you a copy or autograph for you if you

593
00:27:07,560 --> 00:27:07,800
Speaker 4: come in.

594
00:27:07,800 --> 00:27:11,240
Speaker 2: To, SEE him yes i do those. AT my seminar

595
00:27:11,240 --> 00:27:13,080
Speaker 2: i hand them out at the seminar at, The seminar,

596
00:27:13,160 --> 00:27:15,080
Speaker 2: there OH yeah and i. Will, have one well we

597
00:27:15,119 --> 00:27:17,280
Speaker 2: have a couple of. Seminars coming up i've had a

598
00:27:18,240 --> 00:27:20,920
Speaker 2: begetting to. A, rough year yeah we're looking At, probably

599
00:27:21,600 --> 00:27:25,920
Speaker 2: after april, after tax Time, probably late April, maybe early

600
00:27:25,960 --> 00:27:27,920
Speaker 2: may BUT for sure i will let you know the.

601
00:27:28,000 --> 00:27:30,080
Speaker 2: Date in time that's something that. We're working on we

602
00:27:30,119 --> 00:27:32,560
Speaker 2: should have had, one seminar already but it's been a

603
00:27:32,600 --> 00:27:34,960
Speaker 2: tough year for me. In regrets personally i've had some. People,

604
00:27:35,000 --> 00:27:38,480
Speaker 2: pass away yes but we will get those seminars, going,

605
00:27:38,480 --> 00:27:40,080
Speaker 2: for YOU folks because i know how important they are

606
00:27:40,480 --> 00:27:42,720
Speaker 2: and how beneficial they. Are for you so wouldn't we

607
00:27:42,760 --> 00:27:44,399
Speaker 2: get that date. And the time we will. Let you.

608
00:27:44,440 --> 00:27:45,160
Speaker 2: Know mm hmm.

609
00:27:45,240 --> 00:27:48,240
Speaker 4: That Sounds good and greg is reachable by the way

610
00:27:48,240 --> 00:27:50,560
Speaker 4: at five six two two six nine one. Zero zero

611
00:27:50,600 --> 00:27:53,480
Speaker 4: seven collar text him five six two two six nine

612
00:27:53,640 --> 00:27:55,680
Speaker 4: one zero zero, seven, and say hey that lady on

613
00:27:55,720 --> 00:27:57,639
Speaker 4: THE radio said i can have a, Book all right.

614
00:27:57,520 --> 00:27:58,920
Speaker 2: Oh that's right jackie will.

615
00:27:58,920 --> 00:28:02,040
Speaker 4: Go that's wrong this will be coming off of my

616
00:28:02,960 --> 00:28:04,600
Speaker 4: this will be right out, of my, paycheck just.

617
00:28:04,560 --> 00:28:07,600
Speaker 2: Kidding right, out of there jab five bucks take it. Away,

618
00:28:07,600 --> 00:28:09,440
Speaker 2: From you, yeah oh.

619
00:28:09,359 --> 00:28:12,760
Speaker 4: Gosh isn't this whole thing that we've been talking about this?

620
00:28:13,080 --> 00:28:16,639
Speaker 4: Retiring too soon maybe this whole forty.

621
00:28:16,720 --> 00:28:19,240
Speaker 2: THING that fire i, Think, It, IS yes yes i, Think,

622
00:28:19,280 --> 00:28:20,160
Speaker 2: it is YES this, is.

623
00:28:21,800 --> 00:28:25,280
Speaker 4: I mean it's it's, increased lifestyle risk not.

624
00:28:25,320 --> 00:28:27,199
Speaker 2: Just financial, risk well see but you know what a

625
00:28:27,200 --> 00:28:29,600
Speaker 2: lot of these, people are, doing these influencers they're pushing

626
00:28:29,640 --> 00:28:31,119
Speaker 2: and retire at forty because they're telling you. To live

627
00:28:31,160 --> 00:28:34,520
Speaker 2: abroad oh so they're TELLING you, to, i mean now

628
00:28:34,600 --> 00:28:36,720
Speaker 2: there's not a problem. With living abroad but, think. About

629
00:28:36,720 --> 00:28:39,400
Speaker 2: this folks whatever your income stream is and you're living,

630
00:28:39,400 --> 00:28:42,160
Speaker 2: in another country you are not a citizen. Of that

631
00:28:42,200 --> 00:28:44,880
Speaker 2: place things contain. Change pretty quickly like let's let's give.

632
00:28:44,880 --> 00:28:47,680
Speaker 2: You an example, IF you remember i think it was

633
00:28:48,240 --> 00:28:51,720
Speaker 2: last year The, War between Thailand. Thailand and cambodia do

634
00:28:51,720 --> 00:28:53,200
Speaker 2: you want to live in a country. Where, there's war

635
00:28:53,600 --> 00:28:57,000
Speaker 2: sure you, may be, paying You know Because i've seen

636
00:28:57,040 --> 00:28:58,920
Speaker 2: i've seen these, videos by stuff but they show someone

637
00:28:58,920 --> 00:29:00,960
Speaker 2: paying like. A thousand dollars i got three thousand, square,

638
00:29:00,960 --> 00:29:03,480
Speaker 2: Foot condo right, and, THEY say well i pay twenty

639
00:29:03,520 --> 00:29:06,600
Speaker 2: dollars a week in food because. The, EXCHANGE rate okay,

640
00:29:06,640 --> 00:29:08,600
Speaker 2: i get, That that's fine but do you want to?

641
00:29:08,640 --> 00:29:10,479
Speaker 2: Do that forever do you want to be? IN that,

642
00:29:10,520 --> 00:29:14,160
Speaker 2: COUNTRY i mean i. DON'T see that i don't see that.

643
00:29:14,160 --> 00:29:17,719
Speaker 2: As being, feasible and, eventually you know, inflation, is everywhere

644
00:29:17,760 --> 00:29:19,560
Speaker 2: folks whether it Be In the united states or whether

645
00:29:19,560 --> 00:29:21,200
Speaker 2: it be, in those countries things are going to. Get

646
00:29:21,200 --> 00:29:24,080
Speaker 2: more expensive that's just. How things, work so yeah and

647
00:29:24,120 --> 00:29:26,800
Speaker 2: you got to. Learn the language there's so many things you.

648
00:29:26,920 --> 00:29:30,560
Speaker 2: HAVE to, do i mean, it's you know and that

649
00:29:30,600 --> 00:29:33,400
Speaker 2: money's not going to last forever and whatever whatever, money

650
00:29:33,440 --> 00:29:35,240
Speaker 2: you have you've got to make sure you have it

651
00:29:35,320 --> 00:29:38,360
Speaker 2: in the right places. And, BE ready yes i just.

652
00:29:38,400 --> 00:29:40,520
Speaker 2: Don't think realistically and then plus in, addition to that,

653
00:29:41,280 --> 00:29:44,040
Speaker 2: if you're okay if you're living IN a country i

654
00:29:44,080 --> 00:29:46,080
Speaker 2: think for twenty, OR thirty years i don't know if

655
00:29:46,080 --> 00:29:48,480
Speaker 2: you're GOING to get soi security because you're not Considered.

656
00:29:48,520 --> 00:29:52,320
Speaker 2: In the. STATES oh whoa i don't know, if THAT'S

657
00:29:52,320 --> 00:29:53,960
Speaker 2: true but i have to. Look THAT up but i

658
00:29:54,040 --> 00:29:57,960
Speaker 2: believe if you're, living somewhere else you become an.

659
00:29:57,840 --> 00:30:01,080
Speaker 4: Expath ooh so you can't catch, your uh no.

660
00:30:01,000 --> 00:30:03,520
Speaker 2: Because you don't. Have a residence you're you're permanently in

661
00:30:03,560 --> 00:30:06,160
Speaker 2: another country and they. Don't they don't you ain't gonna send

662
00:30:06,160 --> 00:30:10,480
Speaker 2: you're soil Security to The thailand Or Bangkok. And little

663
00:30:10,480 --> 00:30:13,400
Speaker 2: hanoi it's not. Going, TO happen, yeah i, mean, un

664
00:30:13,400 --> 00:30:15,840
Speaker 2: listen now if you had a residence here that, may

665
00:30:15,880 --> 00:30:18,040
Speaker 2: be different but these People don't have they. Don't have

666
00:30:18,080 --> 00:30:19,840
Speaker 2: that they have peel boxes and they. Go AND travel

667
00:30:20,120 --> 00:30:23,400
Speaker 2: now i do have some clients that, actually are traveling

668
00:30:23,440 --> 00:30:25,200
Speaker 2: but what they do is they plan on going for

669
00:30:25,240 --> 00:30:28,440
Speaker 2: five or, ten years traveling. Seeing the world they have, a,

670
00:30:28,440 --> 00:30:30,240
Speaker 2: house here WELL most like i, HAD one example i

671
00:30:30,240 --> 00:30:33,320
Speaker 2: had a client that he Was. Living in california then

672
00:30:33,320 --> 00:30:35,400
Speaker 2: he ended up buying A House in south carolina and now.

673
00:30:35,400 --> 00:30:39,760
Speaker 2: He's living abroad, really good person but he plans on

674
00:30:39,800 --> 00:30:41,720
Speaker 2: coming back at, a later time so he actually has.

675
00:30:41,720 --> 00:30:44,320
Speaker 2: A residence here but most of those OTHER people that,

676
00:30:44,360 --> 00:30:47,240
Speaker 2: i see online. They don't have they actually live full

677
00:30:47,240 --> 00:30:50,480
Speaker 2: time in. These other, countries, so wow yeah because and

678
00:30:50,520 --> 00:30:52,719
Speaker 2: if you're living full time in, THOSE other countries i

679
00:30:52,720 --> 00:30:55,280
Speaker 2: don't think who you're working for is putting money Into the.

680
00:30:55,320 --> 00:30:58,920
Speaker 2: Social security system, think about wow oh these are things you.

681
00:30:58,960 --> 00:31:01,920
Speaker 2: Gotta think about, oh oh yeah that.

682
00:31:02,160 --> 00:31:04,960
Speaker 4: Has huge, implications of.

683
00:31:04,880 --> 00:31:07,200
Speaker 2: Course you may, have a savings but you're. Probably using

684
00:31:07,240 --> 00:31:09,880
Speaker 2: it you're not Being paid. In AMERICAN dollars because i

685
00:31:09,880 --> 00:31:13,400
Speaker 2: know so many people they. Have remote jobs but these

686
00:31:13,440 --> 00:31:16,760
Speaker 2: remote jobs, don't mask, Forever they, don't so yeah it's

687
00:31:16,840 --> 00:31:21,040
Speaker 2: it's a very. Very interesting topic but THE one that

688
00:31:21,080 --> 00:31:24,600
Speaker 2: i don't. Believe, IS feasible wow i didn't even.

689
00:31:24,640 --> 00:31:27,440
Speaker 4: Think about That With the. Social security system think about

690
00:31:27,440 --> 00:31:29,440
Speaker 4: all the people who are working Outside Of the social

691
00:31:29,440 --> 00:31:33,040
Speaker 4: security system who could be working here and, putting, into it.

692
00:31:33,080 --> 00:31:36,440
Speaker 2: Right and that's so, that's you know you're. Not, doing

693
00:31:36,080 --> 00:31:37,680
Speaker 2: it yeah it's. A big deal.

694
00:31:38,040 --> 00:31:42,360
Speaker 4: Whoa whoa whoa whoa Huge implications huge.

695
00:31:42,320 --> 00:31:44,000
Speaker 2: And that's why it's important to look at.

696
00:31:44,000 --> 00:31:44,080
Speaker 3: The.

697
00:31:44,080 --> 00:31:45,320
Speaker 2: Big, Picture, FOLKS.

698
00:31:46,440 --> 00:31:49,840
Speaker 4: Wow greg i could just be knocked over with a

699
00:31:49,880 --> 00:31:55,040
Speaker 4: feather because it's what's going to Happen With the social,

700
00:31:55,040 --> 00:31:57,560
Speaker 4: security you know fund what's the latest.

701
00:31:57,240 --> 00:31:58,560
Speaker 2: ON the weell i was supposed to run out by,

702
00:31:58,600 --> 00:32:01,400
Speaker 2: twenty thirty, seven you know we've talked about. In PAST

703
00:32:01,400 --> 00:32:03,040
Speaker 2: episodes and i think what they're going to do is

704
00:32:03,040 --> 00:32:06,480
Speaker 2: they're going to raise. THE retirement limit i MEAN the retirement.

705
00:32:06,600 --> 00:32:08,880
Speaker 2: HDH seventy five i. Really BELIEVE that so i think,

706
00:32:08,880 --> 00:32:12,400
Speaker 2: currently right now early retirement, is sixty two full retirement,

707
00:32:12,440 --> 00:32:14,680
Speaker 2: is sixty five and then after that you go. To

708
00:32:14,760 --> 00:32:17,080
Speaker 2: sixty eight whatever you want to take. Your, SOIL security

709
00:32:17,240 --> 00:32:20,080
Speaker 2: however i think we're going to see full retirement. At

710
00:32:20,160 --> 00:32:23,720
Speaker 2: seventy five early retirement at, seventy because fuck, let's. Be

711
00:32:23,800 --> 00:32:27,920
Speaker 2: realistic folks people, are working longer things, are more expensive and,

712
00:32:28,400 --> 00:32:30,640
Speaker 2: what that means they're you going to Stretch Out That

713
00:32:30,680 --> 00:32:34,760
Speaker 2: social security so they're going to make full retirement. Seventy

714
00:32:34,800 --> 00:32:37,840
Speaker 2: FIVE early so i. See that happening they're going to

715
00:32:37,920 --> 00:32:40,840
Speaker 2: there has to be changes because there's not enough money going.

716
00:32:40,880 --> 00:32:43,400
Speaker 2: Into the, system you know the baby boomer is, a

717
00:32:43,400 --> 00:32:45,920
Speaker 2: great generation but all that, money's coming out that's More

718
00:32:45,920 --> 00:32:48,120
Speaker 2: than what there's more money coming out than what's being put.

719
00:32:48,160 --> 00:32:50,560
Speaker 2: Into the system, not only that we have all these

720
00:32:50,560 --> 00:32:53,800
Speaker 2: people that have BECOME disabled that i don't think, should

721
00:32:53,840 --> 00:32:56,280
Speaker 2: be disabled and that's a train on THE system because

722
00:32:56,280 --> 00:32:58,440
Speaker 2: i think there's a lot of fraudulent. Claims, with disability

723
00:32:58,480 --> 00:33:02,280
Speaker 2: unfortunately another thing we got. To LOOK at so i

724
00:33:02,280 --> 00:33:03,600
Speaker 2: think what they're going to do is they're going to.

725
00:33:03,640 --> 00:33:05,120
Speaker 2: Make it harder they're going to they're going to, change

726
00:33:05,120 --> 00:33:07,560
Speaker 2: that aid. Stretch it out and then what? Would that

727
00:33:07,600 --> 00:33:10,040
Speaker 2: mean because, People are working. PEOPLE are working i know

728
00:33:10,200 --> 00:33:12,320
Speaker 2: a number of people in their seventies that. Are still,

729
00:33:12,320 --> 00:33:15,640
Speaker 2: Working you know i'll give. You an example my dad retired. At, seventy,

730
00:33:15,680 --> 00:33:20,040
Speaker 2: two yeah yeah, and you know heved. Until, seventy two

731
00:33:20,280 --> 00:33:22,680
Speaker 2: yeah because. He enjoyed working he didn't want. To be, Home, it's,

732
00:33:22,680 --> 00:33:23,840
Speaker 2: Like greg go a'm gonna? Do at home. I'll be.

733
00:33:23,880 --> 00:33:27,160
Speaker 2: Moored he goes but the day work starts becoming, Not

734
00:33:27,200 --> 00:33:29,400
Speaker 2: you know, i'm not happy which that's, basically what happened

735
00:33:29,400 --> 00:33:31,320
Speaker 2: and he still would. Have been, working HE'S like then i,

736
00:33:31,360 --> 00:33:33,840
Speaker 2: won't work anymore and. That's what happened the day came

737
00:33:33,840 --> 00:33:36,360
Speaker 2: where they made changes where he was working and, he was, Like,

738
00:33:36,400 --> 00:33:38,240
Speaker 2: you know greg it's. NOT fun anymore i don't want,

739
00:33:38,240 --> 00:33:40,720
Speaker 2: to do this and. So he quit and he quit because,

740
00:33:40,720 --> 00:33:42,520
Speaker 2: he wanted to not, because you, know you know because,

741
00:33:42,800 --> 00:33:44,640
Speaker 2: he was worrying not because, he needed to but he

742
00:33:44,720 --> 00:33:47,480
Speaker 2: quit because it no. Longer was exciting, like he SAID

743
00:33:47,480 --> 00:33:49,400
Speaker 2: great when i get up, IN the morning i want

744
00:33:49,400 --> 00:33:50,720
Speaker 2: to be excited. ABOUT my job i want to be

745
00:33:50,760 --> 00:33:52,480
Speaker 2: EXCITED about. What i, Do he goes i'm no longer

746
00:33:52,520 --> 00:33:55,280
Speaker 2: excited because they MADE changes where i can't BE the

747
00:33:55,280 --> 00:33:56,880
Speaker 2: person i, want to be And that's not. I'm not

748
00:33:56,920 --> 00:33:59,640
Speaker 2: happy i'll give. You an example when you're working with,

749
00:33:59,640 --> 00:34:02,000
Speaker 2: a finance advisor you want to make sure that they

750
00:34:02,080 --> 00:34:05,200
Speaker 2: enjoy their job and that they do what they. Need to,

751
00:34:05,240 --> 00:34:07,000
Speaker 2: do you know here are advisors are called, we'd a

752
00:34:07,000 --> 00:34:09,880
Speaker 2: fiduciary so we're. Always cutting edge we're looking for the.

753
00:34:10,000 --> 00:34:12,120
Speaker 2: Latest and greatest that's one of the reasons why we

754
00:34:12,200 --> 00:34:15,160
Speaker 2: go to these conferences and know, the one, thing YOU

755
00:34:15,160 --> 00:34:17,320
Speaker 2: know what i offer you when we DO a portfolio

756
00:34:17,520 --> 00:34:19,520
Speaker 2: x ray six, months from now if you choose to

757
00:34:19,520 --> 00:34:21,680
Speaker 2: wait that long to, become a client know that the

758
00:34:21,719 --> 00:34:23,920
Speaker 2: offering is not going to be the same because as,

759
00:34:23,960 --> 00:34:28,279
Speaker 2: the market changes, as you know your your personal, might

760
00:34:28,320 --> 00:34:30,520
Speaker 2: you know things in your. Life might change we are

761
00:34:30,520 --> 00:34:32,279
Speaker 2: going TO change. That x ray it may not be

762
00:34:32,320 --> 00:34:34,520
Speaker 2: the same one that. We gave you there's probably going

763
00:34:34,600 --> 00:34:36,400
Speaker 2: to be a change about twenty to thirty. Percent in,

764
00:34:36,480 --> 00:34:38,880
Speaker 2: there you know we change as, the market, changes you

765
00:34:38,920 --> 00:34:41,960
Speaker 2: know whatever's going on in, the, world domestically globally we

766
00:34:42,040 --> 00:34:44,680
Speaker 2: will make that change because that, affects your returns that.

767
00:34:44,719 --> 00:34:46,160
Speaker 2: Effects your portfolio.

768
00:34:45,800 --> 00:34:47,839
Speaker 4: Right here's the phone Number to reach greg five six

769
00:34:47,880 --> 00:34:50,279
Speaker 4: two two six nine one zero zero seven five six

770
00:34:50,320 --> 00:34:53,560
Speaker 4: two two six nine one Zero zero seven advisors on

771
00:34:53,680 --> 00:34:56,080
Speaker 4: call five six two two six nine one zero.

772
00:34:56,200 --> 00:34:57,200
Speaker 2: Zero, seven zero.

773
00:35:04,080 --> 00:35:07,120
Speaker 4: Well this is not quite the bicycle bell That Was

774
00:35:07,160 --> 00:35:12,520
Speaker 4: on peewee herman's bike or. Mister mcpheeley's bike but it's time.

775
00:35:12,560 --> 00:35:16,680
Speaker 2: For the, mailbag oh yes we. Like the mailbag welcome back.

776
00:35:16,680 --> 00:35:17,080
Speaker 2: To the show.

777
00:35:17,120 --> 00:35:19,759
Speaker 4: Advisors on Call I've got greg ramirez here ready to.

778
00:35:19,840 --> 00:35:24,160
Speaker 4: Answer your questions, Here. We go greg fifty two year

779
00:35:24,200 --> 00:35:28,320
Speaker 4: old couple saved about one, point two million seriously considering

780
00:35:28,400 --> 00:35:31,680
Speaker 4: retiring within the next two years because they see so

781
00:35:31,760 --> 00:35:35,680
Speaker 4: much content around the early retirement. On the internet their

782
00:35:35,719 --> 00:35:39,399
Speaker 4: expenses round about seventy, thousand a year and they rely

783
00:35:39,520 --> 00:35:44,080
Speaker 4: heavily on their portfolio for income. While they're, working, That's

784
00:35:44,160 --> 00:35:49,560
Speaker 4: concerning right, so they're excited but nervous about healthcare costs,

785
00:35:49,600 --> 00:35:51,719
Speaker 4: and so forth with their money is going to have

786
00:35:51,760 --> 00:35:54,239
Speaker 4: to last thirty. Forty fifty years how do you help

787
00:35:54,280 --> 00:35:59,040
Speaker 4: somebody understand or determine if early retirement. Is, truly sustainable.

788
00:35:58,800 --> 00:36:01,400
Speaker 2: Well, first of all it sounds to me like they're

789
00:36:01,600 --> 00:36:05,160
Speaker 2: using their portfolio the offset. Because of inflation that's. A

790
00:36:05,160 --> 00:36:06,759
Speaker 2: red flag i would.

791
00:36:06,800 --> 00:36:07,680
Speaker 4: Say SO too so.

792
00:36:07,760 --> 00:36:10,239
Speaker 2: I, would say folks you may not be able to

793
00:36:10,239 --> 00:36:12,120
Speaker 2: retire into. Year sixty two you may have to work. Ten,

794
00:36:12,120 --> 00:36:13,759
Speaker 2: more years now one of THE questions that I have

795
00:36:13,960 --> 00:36:16,240
Speaker 2: is i'm going to assume that they, own a house

796
00:36:16,520 --> 00:36:18,600
Speaker 2: maybe have. A mortgage too, you didn't say but we're

797
00:36:18,600 --> 00:36:21,160
Speaker 2: gonna have to assume that because in order for them

798
00:36:21,200 --> 00:36:23,400
Speaker 2: to get, to Early retirement which i'm going to be very,

799
00:36:23,440 --> 00:36:25,120
Speaker 2: HONEST with you i don't, think is feasible especially if

800
00:36:25,120 --> 00:36:27,239
Speaker 2: they want to go thirty, and forty years because these.

801
00:36:27,280 --> 00:36:29,760
Speaker 2: Are two people the earliest you're Going to be algebo

802
00:36:29,840 --> 00:36:32,800
Speaker 2: sold securities, age sixty two so you're gonna go ten years.

803
00:36:33,080 --> 00:36:36,120
Speaker 2: Hitting that, portfolio, and REMEMBER folks like i, talked about

804
00:36:36,160 --> 00:36:39,560
Speaker 2: earlier income for life does not become available for anybody.

805
00:36:39,680 --> 00:36:43,840
Speaker 2: Until age fifty these people. Are fifty two we would

806
00:36:43,840 --> 00:36:46,480
Speaker 2: have to let some of their assets sit in there,

807
00:36:46,520 --> 00:36:48,640
Speaker 2: for at, LEAST you know i would say at, least

808
00:36:48,640 --> 00:36:50,720
Speaker 2: eight years so that we can get. A good return

809
00:36:51,120 --> 00:36:52,919
Speaker 2: so that would take down some of that one. POINT

810
00:36:52,960 --> 00:36:56,040
Speaker 2: two million i don't think it. Would, be feasible now

811
00:36:56,080 --> 00:36:57,759
Speaker 2: one of the things we can do is let's say they, own,

812
00:36:57,840 --> 00:37:00,640
Speaker 2: their home okay And. They're in california say they have

813
00:37:00,640 --> 00:37:04,279
Speaker 2: a home that's worth one point five they if we

814
00:37:04,280 --> 00:37:06,480
Speaker 2: took let's say six, hundred thousand dollars they would not

815
00:37:06,520 --> 00:37:08,520
Speaker 2: have payments, for thirty years so that means that the

816
00:37:08,520 --> 00:37:10,480
Speaker 2: payments would not come due until. They're eighty two at

817
00:37:10,480 --> 00:37:13,279
Speaker 2: that point they can re up for another thirty years

818
00:37:13,280 --> 00:37:15,479
Speaker 2: and Not have payments that would give them. One point

819
00:37:15,600 --> 00:37:19,319
Speaker 2: eight that's a, little BIT better but i still would

820
00:37:19,320 --> 00:37:22,320
Speaker 2: tell them if they can get, TO let's say i

821
00:37:22,360 --> 00:37:24,200
Speaker 2: think if they can work, TO fifty eight i think

822
00:37:24,239 --> 00:37:26,440
Speaker 2: it becomes more feasible because of what that means is

823
00:37:26,440 --> 00:37:29,919
Speaker 2: it's only Four Years until social security is ready. RATHER

824
00:37:30,000 --> 00:37:32,480
Speaker 2: than ten i think there's a huge risk here that

825
00:37:32,480 --> 00:37:34,319
Speaker 2: they're going to run, out of money and the thing

826
00:37:34,360 --> 00:37:35,759
Speaker 2: is that you're going to have to take more risk

827
00:37:35,800 --> 00:37:38,200
Speaker 2: because one of the things it says is that they're

828
00:37:38,239 --> 00:37:40,560
Speaker 2: relying heavily on their. Portfolio for income so if they're

829
00:37:40,560 --> 00:37:43,200
Speaker 2: relying on heavily, portfolio for income now what are they

830
00:37:43,200 --> 00:37:45,279
Speaker 2: going to do. WHEN they retire i think they're going

831
00:37:45,320 --> 00:37:48,480
Speaker 2: to have. To work more my recommendation, would, be wait

832
00:37:48,800 --> 00:37:52,760
Speaker 2: wait waits. Your fifty eight if you can, do sixty.

833
00:37:52,800 --> 00:37:54,800
Speaker 2: Two that's optimal but these people don't think they want to.

834
00:37:54,840 --> 00:37:57,719
Speaker 2: Wait TEN years but i would say at least. Till

835
00:37:57,719 --> 00:37:59,080
Speaker 2: fifty eight it.

836
00:37:59,080 --> 00:38:01,640
Speaker 4: Seems hard now that they've got planted this in their

837
00:38:01,680 --> 00:38:02,879
Speaker 4: head that they want.

838
00:38:02,880 --> 00:38:03,280
Speaker 2: An early.

839
00:38:03,320 --> 00:38:07,600
Speaker 4: Retirement, TikTok videos yeah the idea of working ten more

840
00:38:07,680 --> 00:38:10,520
Speaker 4: years might make them sure of them. Their, Brain's, hurt.

841
00:38:10,360 --> 00:38:11,759
Speaker 2: YEAH well what i would do Is this is i'd

842
00:38:11,800 --> 00:38:13,600
Speaker 2: probably suggest to them is that maybe one of, them

843
00:38:13,600 --> 00:38:16,120
Speaker 2: they're retires so out, of the two if one person

844
00:38:16,200 --> 00:38:19,280
Speaker 2: doesn't like working as much as the other one one person,

845
00:38:19,360 --> 00:38:21,680
Speaker 2: enjoys your job you know you want to keep somebody

846
00:38:21,719 --> 00:38:24,600
Speaker 2: because obviously they can get, their medical benefits which is

847
00:38:24,600 --> 00:38:27,200
Speaker 2: a huge expense, when you retire they'll. Still have it

848
00:38:27,200 --> 00:38:30,080
Speaker 2: if one of, them is working, AND you know i

849
00:38:30,080 --> 00:38:31,880
Speaker 2: would get an, INCOME for life I would get i

850
00:38:31,880 --> 00:38:34,640
Speaker 2: would probably diversify some of that portfolio if they were able,

851
00:38:34,640 --> 00:38:38,239
Speaker 2: to take now assuming they don't, have a mortgage or a,

852
00:38:38,280 --> 00:38:40,640
Speaker 2: very small mortgage if we could take six, hundred thousand

853
00:38:40,680 --> 00:38:42,640
Speaker 2: out that would give them. A nice booth if we

854
00:38:42,680 --> 00:38:44,680
Speaker 2: could put three hundred thousand dollars went in income for

855
00:38:44,760 --> 00:38:47,600
Speaker 2: life and then when they retire let's, say fifty eight

856
00:38:48,560 --> 00:38:50,400
Speaker 2: that three hundred thousand could be worth about sixty or

857
00:38:50,400 --> 00:38:55,279
Speaker 2: seventy thousand. Dollars a, year oh really. That would help.

858
00:38:55,360 --> 00:38:57,640
Speaker 2: That would help or we can actually. Put more away

859
00:38:57,880 --> 00:39:01,240
Speaker 2: we could put that, five hundred away that five hundred

860
00:39:01,280 --> 00:39:04,040
Speaker 2: would be closer to one hundred that. Would help them

861
00:39:04,320 --> 00:39:06,719
Speaker 2: so that way we, can, show them hey you know

862
00:39:06,840 --> 00:39:08,600
Speaker 2: one of you just needs twenty. You can retire the

863
00:39:08,600 --> 00:39:10,600
Speaker 2: other person. Will still work let's put some of that

864
00:39:10,640 --> 00:39:13,359
Speaker 2: money into, income for life which you know. That gives

865
00:39:13,400 --> 00:39:15,000
Speaker 2: them let's say in the six hundred plus one point

866
00:39:15,000 --> 00:39:17,400
Speaker 2: two is, one point eight but their thirty percent of

867
00:39:17,400 --> 00:39:20,560
Speaker 2: those asters. Will be insurance that will, Definitely help them

868
00:39:20,960 --> 00:39:24,080
Speaker 2: and then they might it might be feasible because remember

869
00:39:24,520 --> 00:39:26,440
Speaker 2: when you have an income for, life vehicle, folks you

870
00:39:26,440 --> 00:39:28,839
Speaker 2: know technically you could take out the income, after one

871
00:39:28,880 --> 00:39:30,920
Speaker 2: year but you want to. Let it grow so let

872
00:39:30,960 --> 00:39:33,640
Speaker 2: it grow for about. Sixty eight years put in a larger,

873
00:39:33,640 --> 00:39:36,200
Speaker 2: amount up front you'll get, more income later and then

874
00:39:36,280 --> 00:39:38,799
Speaker 2: start churning it on to get those raises because once you, turn,

875
00:39:38,840 --> 00:39:41,439
Speaker 2: it on folks after, the first time you have nine

876
00:39:41,440 --> 00:39:43,359
Speaker 2: more times that you can get a raise in terms

877
00:39:43,360 --> 00:39:46,600
Speaker 2: of that. Stream. Of income nice so, it IS plausible

878
00:39:47,120 --> 00:39:49,280
Speaker 2: but i don't think it's possible for both to. Retire

879
00:39:49,360 --> 00:39:51,640
Speaker 2: at once one will have to work while the other,

880
00:39:51,680 --> 00:39:54,160
Speaker 2: one does it and then taking money out of their

881
00:39:55,200 --> 00:39:59,359
Speaker 2: home with what's called a partial partial equity line where

882
00:39:59,360 --> 00:40:01,520
Speaker 2: you don't have any payments, for you know you choose,

883
00:40:01,520 --> 00:40:03,879
Speaker 2: a term ten twenty, or thirty years would. Recommend thirty

884
00:40:03,960 --> 00:40:06,640
Speaker 2: years put that money away into an income, for live

885
00:40:06,719 --> 00:40:09,319
Speaker 2: vehicle and you're gonna. Be set folks that. Will help

886
00:40:09,360 --> 00:40:12,399
Speaker 2: you you'll be. Much, Better, off wow, yes Very.

887
00:40:12,440 --> 00:40:14,759
Speaker 4: Good call greg let's get this done for you so

888
00:40:14,800 --> 00:40:18,000
Speaker 4: you're not kind of hanging out there to dry five

889
00:40:18,120 --> 00:40:21,200
Speaker 4: six two two six nine one zero zero seven five

890
00:40:21,280 --> 00:40:24,200
Speaker 4: six two two six nine one zero zero seven or

891
00:40:24,239 --> 00:40:27,960
Speaker 4: info at advisors on. Call dot com just depends upon.

892
00:40:28,000 --> 00:40:29,759
Speaker 4: Where you live if you're going to be held, OUT

893
00:40:29,760 --> 00:40:30,359
Speaker 4: to dry, i don't.

894
00:40:30,400 --> 00:40:33,160
Speaker 2: Know, my friend well see that's the, other thing too

895
00:40:33,239 --> 00:40:35,920
Speaker 2: considering if these People are from california and they're, going to,

896
00:40:36,000 --> 00:40:38,520
Speaker 2: go you know move to maybe the mid the midwest

897
00:40:38,840 --> 00:40:42,920
Speaker 2: or the southeast south. RIGHT the south a million eight

898
00:40:43,000 --> 00:40:44,960
Speaker 2: is going to go a lot further than. A million two.

899
00:40:45,760 --> 00:40:48,440
Speaker 2: Housing's less, expensive you know it's not gonna, CALL you

900
00:40:48,520 --> 00:40:50,880
Speaker 2: know i saw Some houses IN arizona because I was.

901
00:40:50,880 --> 00:40:53,600
Speaker 2: In arizona recently you could. Pay for it you can

902
00:40:53,640 --> 00:40:55,960
Speaker 2: bet a nice three thousand square, for, oh no sorry

903
00:40:56,000 --> 00:40:58,719
Speaker 2: twenty five hundred square from home for two Ninety. Nine

904
00:40:58,760 --> 00:41:01,600
Speaker 2: in arizona now that same house is going to be

905
00:41:01,640 --> 00:41:04,960
Speaker 2: a Million. Bucks in california so if these people had

906
00:41:05,000 --> 00:41:07,319
Speaker 2: a house and, they sold it they could take that

907
00:41:07,400 --> 00:41:09,040
Speaker 2: money buy a nice home over here for, three hund

908
00:41:09,160 --> 00:41:12,359
Speaker 2: thousand two nine. Three hundred thousand the seven hundred thousand

909
00:41:12,400 --> 00:41:14,880
Speaker 2: dollars a difference rather than taking out. That equity line

910
00:41:14,960 --> 00:41:17,680
Speaker 2: you're just, changing states, obviously you know hopefully if, their

911
00:41:17,760 --> 00:41:20,320
Speaker 2: job transfers but you might have to move to a

912
00:41:20,360 --> 00:41:22,520
Speaker 2: different state in order to make sure that you can

913
00:41:22,600 --> 00:41:26,000
Speaker 2: retire because you're going to reduce the amount of what

914
00:41:26,120 --> 00:41:27,879
Speaker 2: you have. To pay out so there are different ways

915
00:41:27,880 --> 00:41:31,759
Speaker 2: to do it if you're Willing to leave california to

916
00:41:31,760 --> 00:41:33,719
Speaker 2: go to other states that. Are less, expensive, mm.

917
00:41:33,680 --> 00:41:37,439
Speaker 4: Hmm right boy where are you going to go during

918
00:41:37,440 --> 00:41:39,719
Speaker 4: the summer if you buy A? House in arizona.

919
00:41:39,960 --> 00:41:42,160
Speaker 2: Stay in your house with THAT ac hot, i, mean

920
00:41:42,160 --> 00:41:44,799
Speaker 2: cold lord stay out Of that hust.

921
00:41:45,239 --> 00:41:47,560
Speaker 4: But it's, such a switch right if you're so used

922
00:41:47,560 --> 00:41:48,879
Speaker 4: to going outside anytime you Want.

923
00:41:48,880 --> 00:41:51,480
Speaker 2: To in california, oh, OH yeah yeah i mean there's No.

924
00:41:51,560 --> 00:41:54,160
Speaker 2: Beaches in arizona but you know that's why a lot of.

925
00:41:54,200 --> 00:41:57,080
Speaker 2: SNOWBIRDS go there i mean because it's good for people

926
00:41:57,120 --> 00:41:59,719
Speaker 2: that have like, arthritis and asthma because that, sun really

927
00:41:59,760 --> 00:42:00,160
Speaker 2: helped so.

928
00:42:00,640 --> 00:42:05,680
Speaker 4: It Does, well porter pinosco that's our. That's the in

929
00:42:07,080 --> 00:42:10,120
Speaker 4: you're looking At me like I'm Where, That rocky point

930
00:42:10,200 --> 00:42:10,960
Speaker 4: mexico is The.

931
00:42:11,000 --> 00:42:15,560
Speaker 2: Beach of phoenix, oh, You're Right. Yes. Rocky, point yeah

932
00:42:15,960 --> 00:42:18,640
Speaker 2: no five hour drive is. Not so bad. No it's

933
00:42:18,680 --> 00:42:20,799
Speaker 2: not you want to get, to that beach get your. Five.

934
00:42:20,840 --> 00:42:24,480
Speaker 4: Hour, drive yeah well you know things are, CHEAPER there too. I,

935
00:42:24,520 --> 00:42:27,920
Speaker 4: know expensive yes they Have, moved to mexico have moved

936
00:42:27,920 --> 00:42:28,839
Speaker 4: to but you're.

937
00:42:28,880 --> 00:42:32,640
Speaker 2: IN another. Country i know it's not going.

938
00:42:32,680 --> 00:42:32,880
Speaker 3: To be.

939
00:42:32,920 --> 00:42:35,160
Speaker 2: Me you know look what happened a couple of weeks

940
00:42:35,160 --> 00:42:37,320
Speaker 2: with that cartel member That was the sleepy talent and

941
00:42:37,480 --> 00:42:40,920
Speaker 2: they shot it Up. The cow pow yeah that.

942
00:42:40,960 --> 00:42:41,360
Speaker 4: WAS pretty.

943
00:42:41,360 --> 00:42:43,319
Speaker 2: INCREDIBLE i, was i mean you see these, all these

944
00:42:43,360 --> 00:42:46,040
Speaker 2: tourists you're literally scared for their lives on the roofs

945
00:42:46,120 --> 00:42:49,560
Speaker 2: because they didn't know what was happening and where Where

946
00:42:49,600 --> 00:42:51,600
Speaker 2: was the mexican military and the police there are nowhere

947
00:42:51,600 --> 00:42:54,200
Speaker 2: to be found for the first. Forty eight hours, so

948
00:42:54,400 --> 00:42:56,959
Speaker 2: you know when you live, in, Another country folks you're

949
00:42:57,440 --> 00:42:59,360
Speaker 2: you got to buy by their loss and Terms and

950
00:42:59,640 --> 00:43:03,480
Speaker 2: the i'm going to call the local jurisdiction because sometimes

951
00:43:03,480 --> 00:43:05,560
Speaker 2: they're not police and, federal agents.

952
00:43:08,680 --> 00:43:14,040
Speaker 4: Members right like back in the, thirties or, yeah sopranos.

953
00:43:13,560 --> 00:43:17,239
Speaker 2: Exactly so they have their own. Rules and.

954
00:43:17,320 --> 00:43:21,880
Speaker 4: Laws that's right time to collect the. Rent, Protection, money

955
00:43:22,160 --> 00:43:24,440
Speaker 4: oh greg. You're killing me do you think you can

956
00:43:24,480 --> 00:43:26,560
Speaker 4: answer this? One really quick i've got a retired couple

957
00:43:26,600 --> 00:43:29,040
Speaker 4: in the early seventies and they have over one point,

958
00:43:29,080 --> 00:43:31,960
Speaker 4: eight million, save no debt and more income than they

959
00:43:32,040 --> 00:43:35,640
Speaker 4: need between solid. Security and investments so they continue. Living

960
00:43:35,760 --> 00:43:39,480
Speaker 4: very modestly so they have a struggle. To spend problem

961
00:43:39,480 --> 00:43:41,560
Speaker 4: it seems like their kids encourage them to go out and.

962
00:43:41,640 --> 00:43:44,319
Speaker 4: Enjoy life more how do you help retirees shift from.

963
00:43:44,360 --> 00:43:45,640
Speaker 4: Saving to spending.

964
00:43:45,960 --> 00:43:48,359
Speaker 2: IT'S very hard i have a number of. CLIENTS like this,

965
00:43:49,160 --> 00:43:50,720
Speaker 2: i tell them you can't take it. TO the grave

966
00:43:51,520 --> 00:43:54,759
Speaker 2: i even have a, mother, like this right she can't go.

967
00:43:54,760 --> 00:43:56,840
Speaker 2: Into the grave but they don't want. To, spend, money

968
00:43:57,040 --> 00:44:00,960
Speaker 2: now folks let me. Tell you something when you have the,

969
00:44:01,320 --> 00:44:02,839
Speaker 2: first of all these people have done a very good

970
00:44:02,920 --> 00:44:05,360
Speaker 2: job in. Terms of saving they have more money coming.

971
00:44:05,360 --> 00:44:07,920
Speaker 2: In THAN debt and i say congratulations if you're someone out.

972
00:44:07,920 --> 00:44:10,040
Speaker 2: There like that but let's talk about that money, that's.

973
00:44:10,080 --> 00:44:11,920
Speaker 2: Sitting there folks if you have a trip that you,

974
00:44:11,960 --> 00:44:14,000
Speaker 2: want to take if you want to set up maybe

975
00:44:14,000 --> 00:44:18,120
Speaker 2: some plans for your grandchildren in terms, of educational funds

976
00:44:18,280 --> 00:44:20,239
Speaker 2: maybe you want to do, some estate planning let's take.

977
00:44:20,239 --> 00:44:22,960
Speaker 2: Care of that you want the car, you've always, wanted take, it.

978
00:44:23,280 --> 00:44:26,160
Speaker 2: Buy it folks the money does not go to the.

979
00:44:26,160 --> 00:44:29,439
Speaker 2: Grave with us and you want to put these into

980
00:44:29,480 --> 00:44:32,719
Speaker 2: vehicles and. Enjoy life now and if you have more,

981
00:44:32,719 --> 00:44:34,799
Speaker 2: income coming in then you need to let's put it

982
00:44:34,840 --> 00:44:36,520
Speaker 2: away in the right vehicle so we can make it

983
00:44:36,560 --> 00:44:40,279
Speaker 2: tax efficient for you and tax efficient. For your estate so,

984
00:44:41,000 --> 00:44:43,880
Speaker 2: here you, KNOW you know i would sit down, with

985
00:44:43,920 --> 00:44:46,400
Speaker 2: these folks pat them on the back and give them

986
00:44:46,440 --> 00:44:48,759
Speaker 2: the right investment vehicles and encourage them to spend some

987
00:44:48,880 --> 00:44:50,759
Speaker 2: of that money because we cannot take it. To the

988
00:44:50,800 --> 00:44:54,560
Speaker 2: GRAVE that's what. I would do maybe they need maybe

989
00:44:54,560 --> 00:44:56,200
Speaker 2: they want to help some of their kids if they

990
00:44:56,440 --> 00:44:58,640
Speaker 2: haven't been able. To buy homes there's some gifting that

991
00:44:58,680 --> 00:45:02,480
Speaker 2: they can do to. For down payments you can like

992
00:45:02,520 --> 00:45:05,600
Speaker 2: set up college funds. For your, grandchildren you know let's

993
00:45:05,600 --> 00:45:07,279
Speaker 2: put that income to you so you can help. The

994
00:45:07,320 --> 00:45:12,680
Speaker 2: family out, that's what's. Important YOU know BUT i mean

995
00:45:13,200 --> 00:45:15,239
Speaker 2: i love. SITUATIONS like THAT i mean, I come through

996
00:45:15,320 --> 00:45:17,480
Speaker 2: i come across some clients, To, tell me greg we

997
00:45:17,520 --> 00:45:19,720
Speaker 2: make more now that we're retired than. We were working

998
00:45:19,880 --> 00:45:22,160
Speaker 2: and the reason why, is, because remember folks you're usually

999
00:45:22,120 --> 00:45:24,920
Speaker 2: in your first five or six, years of, retirement you're traveling,

1000
00:45:24,960 --> 00:45:28,600
Speaker 2: you're doing expenses you're. Fixing your home but, later in.

1001
00:45:28,640 --> 00:45:31,479
Speaker 2: Life you don't you don't, move as much you, stay

1002
00:45:31,480 --> 00:45:34,840
Speaker 2: at home so you. Have less expenses so the money.

1003
00:45:34,880 --> 00:45:38,239
Speaker 2: Just starts accruing find find things and find ways to

1004
00:45:38,280 --> 00:45:40,479
Speaker 2: put that money away where it's going to be tax

1005
00:45:40,480 --> 00:45:43,960
Speaker 2: efficient and in some cases tax iie. To your beneficiaries

1006
00:45:44,040 --> 00:45:46,399
Speaker 2: and that's maybe that's something we Can do. A roth

1007
00:45:46,440 --> 00:45:49,560
Speaker 2: conversion but those are MY sentiments because i know we're running.

1008
00:45:49,560 --> 00:45:51,640
Speaker 4: Short on time, we are well we're just. At The

1009
00:45:51,719 --> 00:45:54,480
Speaker 4: end called greg five six two two six nine one.

1010
00:45:54,600 --> 00:45:57,680
Speaker 4: Zero zero seven he's your. Advisor on call and again

1011
00:45:57,719 --> 00:45:59,960
Speaker 4: it's five six two two six nine one zero zero

1012
00:46:00,040 --> 00:46:04,040
Speaker 4: roh seven caller text or email him info at advisors

1013
00:46:04,040 --> 00:46:04,880
Speaker 4: on Call Dot.

1014
00:46:04,719 --> 00:46:14,799
Speaker 3: Com investment advisory services Are Offered through Greg ramirez At,

1015
00:46:14,800 --> 00:46:17,879
Speaker 3: advisors On Call a california state. Registered investment advisor, During

1016
00:46:17,920 --> 00:46:21,120
Speaker 3: The show greg ramirez, provides general information. Not individually targeted

1017
00:46:21,120 --> 00:46:23,600
Speaker 3: personalized advice is not liable for the usage. Of information

1018
00:46:23,640 --> 00:46:26,279
Speaker 3: discussed exposure to ideas and products or services should not

1019
00:46:26,280 --> 00:46:29,000
Speaker 3: be considered investment advice or a recommendation to buy or

1020
00:46:29,040 --> 00:46:31,680
Speaker 3: sell any of. These financial vehicles this information should also

1021
00:46:31,680 --> 00:46:32,560
Speaker 3: not be considered tax.

1022
00:46:32,680 --> 00:46:33,799
Speaker 2: Or legal advice.

1023
00:46:33,520 --> 00:46:36,160
Speaker 3: Individuals should consult the professionals specializing in the, fields of,

1024
00:46:36,200 --> 00:46:39,640
Speaker 3: tax legal accounting or investments regarding the applicability of this information.

1025
00:46:39,760 --> 00:46:42,320
Speaker 3: For their situation past performance is not a guarantee. Of

1026
00:46:42,360 --> 00:46:44,840
Speaker 3: future results, investments will fluctuate, and when redeemed it may

1027
00:46:44,880 --> 00:46:47,399
Speaker 3: be worth more or less than. When originally investment any

1028
00:46:47,400 --> 00:46:50,160
Speaker 3: comments regarding safe and secure investments and guaranteed income streams

1029
00:46:50,200 --> 00:46:52,200
Speaker 3: prefer only to fix. The insurance products they do not

1030
00:46:52,239 --> 00:46:55,000
Speaker 3: refer in any way to securities or. Investment advisory services

1031
00:46:55,040 --> 00:46:57,880
Speaker 3: fixed churance products Are Offered, By Greg Ramirez california insurance

1032
00:46:57,880 --> 00:47:00,520
Speaker 3: LICENSED number zero c three three four three five