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Speaker 1: Global headlines about the Middle East can feel distant, but

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Speaker 1: history shows geopolitical tensions often ripple directly into markets, oil prices,

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Speaker 1: and inflation. Today we're impacting what retiree should actually pay

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Speaker 1: attention to, and more importantly, how to keep your retirement

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Speaker 1: plants steady even when the world isn't.

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Speaker 2: You are moments away from getting the call to live

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Speaker 2: your SoCal dream with money to spare.

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Speaker 1: We want to go the extra mile because giving you

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Speaker 1: the proper diversification is going to give you a better return.

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

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Speaker 2: You're listening to Advisors on Call with Greg Ramiro changed

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Speaker 2: to how.

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Speaker 1: The market is, and that is the difference that we

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Speaker 1: do here.

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Speaker 2: Your direct line to a California Kingsier Desirement.

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Speaker 3: Welcome in to Advisors on Call. Your host is Greg Ramirez.

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Speaker 3: I'm Morgan Patrick, a special guest host. We have again.

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Speaker 3: Jackie Selby is on assignment this week. She's back next week.

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Speaker 3: I want to give you an opportunity to get on

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Speaker 3: the counter with Greg. Will tell you more about that

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Speaker 3: as we move through the program. But speaking of Greg,

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Speaker 3: how about this twenty nine plus years in the financial

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Speaker 3: services industry, helping his clients get ready for a retirement

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Speaker 3: registered investment advisor and a fiduciary. Again, it's an opportunity

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Speaker 3: for you to learn a little bit about retirement planning,

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Speaker 3: but also take the opportunity to jump on one of

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Speaker 3: these appointments when we make them available, no costs, no obligation.

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Speaker 3: So we're going to get into this Greg first. I

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Speaker 3: always ask man, how is the week.

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Speaker 1: Well, it's pretty good. It's been a little vaulta with

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Speaker 1: the market, of course, but that's because a little bit

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Speaker 1: going on, you know, the geopolitical, you know what's going

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Speaker 1: on with the Iran and unfortunately our lovely news media

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Speaker 1: making it worse than what it is. But that's typical.

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Speaker 3: Well, I tell you we if you do stare directly

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Speaker 3: at the television and all the news that's coming at you,

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Speaker 3: it can be overwhelming because there's a lot that's out there.

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Speaker 3: And it's kind of I think appropriate that we're going

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Speaker 3: to go back in time and kind of talk about

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Speaker 3: what happened a number of years ago, but it's kind

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Speaker 3: of mirroring what we're doing right now. So when conflict

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Speaker 3: breaks out halfway across the world, it can feel like

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Speaker 3: something that only impacts diplomats and politicians. We see it

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Speaker 3: a lot on TV, but if you're retired or you're

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Speaker 3: getting close to retirement, those headlines can quietly influence a

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Speaker 3: lot of things like gas prices, market volatility, even the

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Speaker 3: interest rates. And we've seen it before, events back in

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Speaker 3: nineteen seventy three, the oil embargo, the Gulf War, and

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Speaker 3: more recently tensions involving Iran and of course that Red

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Speaker 3: Sea Area. And again this is an opportunity for you

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Speaker 3: to kind of just dive in on this. So today

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Speaker 3: we want to talk about what's really happening beneath the headlines,

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Speaker 3: what retirees should be watching, and most importantly, how to

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Speaker 3: keep your retirement plans stable when our global environment is

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Speaker 3: anything but that. So here's your first question, Greg, Why

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Speaker 3: do conflicts in the Middle East tend to impact the

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Speaker 3: market so much and so quickly.

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Speaker 1: Well, the reason for that is because of oil. We

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Speaker 1: use oil and everything. It's one of the one of

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Speaker 1: the largest commodities that that there is in the world.

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Speaker 1: And unfortunately, you know, the world economy works off of oil.

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Speaker 1: So when there's an issue, it just doesn't affect us,

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Speaker 1: it affects everybody. Now, one of the things I would

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Speaker 1: say is that I'm going to blame the media for

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Speaker 1: what they're doing by inflaming things. You know, the United States,

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Speaker 1: Saudi Arabia, United Arab Emirates, all the countries of OPEC

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Speaker 1: have actually opened up their spigots. They you know, we

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Speaker 1: have a national reserve. There shouldn't be a spike because

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Speaker 1: they did not. They did three months supply of opening

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Speaker 1: up their reserves. But unfortunately, because here in California, the

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Speaker 1: real reason why we have high gas prices is because

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Speaker 1: of Gavin Newsom. He closed down three plans. That's the

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Speaker 1: real reason. It's not the war that's going on in

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Speaker 1: the Persian Gulf. Now, you know, when you have media

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Speaker 1: that inflames things, making worse than what it is. You know,

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Speaker 1: we are winning the you know, from a winning perspective, yes,

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Speaker 1: we are accomplishing of our objectives. But if you see

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Speaker 1: what Iran's trying to do, their objective is to try

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Speaker 1: to get everybody against each other. That's why they're hitting

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Speaker 1: these the you know, they're hitting the oil refiners, they're

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Speaker 1: hitting the energy sectors of these countries that aren't didn't

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Speaker 1: want to be at war with them. So when you

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Speaker 1: have a rogue regime like that. It only overemphasizes why

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Speaker 1: they needed to go in the first place. But now

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Speaker 1: let me get back to financial planning. In order for

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Speaker 1: you to not be affected by this, it's very important

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Speaker 1: that you have a good financial plan. And what that

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Speaker 1: mean by that is that you want to make sure

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Speaker 1: you have the following things. If you have a standard

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Speaker 1: sixty to forty portfolio, I'm sorry, folks, but that's not

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Speaker 1: going to work in this environment. You're probably down twenty

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Speaker 1: to twenty five percent right now, maybe more if you're

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Speaker 1: really aggressive. You shouldn't be that way. Here to have

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Speaker 1: on call, we offer what's called a portfolio x ry.

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Speaker 1: We will look at your portfolio and what we do

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Speaker 1: in terms of our asset allocation. We have interval funds,

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Speaker 1: we have alternative investments, we have insurance, we have equities ets.

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Speaker 1: We have a nice mix of different different investment vehicles.

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Speaker 1: Some of them are not correlated to the market, in

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Speaker 1: particular the alternative investments. Some of the insurance vehicles that

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Speaker 1: we have pays income for life. These are things that

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Speaker 1: are not correlated to the market. You know our income

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Speaker 1: for life, you know your income, your your interest is

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Speaker 1: paid on an annual basis in terms of alternative investments

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Speaker 1: not correlated to the market. Interval funds can also be

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Speaker 1: things like preferred stocks that are not correlated to the market.

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Speaker 1: So you and at the end, you're really looking at

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Speaker 1: only thirty percent of a portfolio that's really inequities. And

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Speaker 1: even at that point, right now, I've got people about

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Speaker 1: twenty percent cash, So really your risk exposure is a

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Speaker 1: lot less than someone who has a normal sixty to

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Speaker 1: forty portfolio. So the important series that anytime we have

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Speaker 1: a situation like this, it's about being prepared and being

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Speaker 1: with the right person here, the inviterer's on call. We're

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Speaker 1: a fiducie. I've been doing this for twenty nine years.

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Speaker 1: I've seen the dot coms, I've seen the covid eras,

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Speaker 1: I've seen the two thousand and eight you know, I've

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Speaker 1: been through the cycles. I know what's going on, and

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Speaker 1: that is one of the key as to why we

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Speaker 1: have you know, my clients right now are not down

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Speaker 1: twenty percent. You know, I have people that are actually

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Speaker 1: up nine percent, ten percent or flat. But we don't

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Speaker 1: have people down ten twenty percent. And that's because of

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Speaker 1: our acid allocation strategy and what we do. And one

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Speaker 1: of the things I'm going to tell you about, Folks,

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Speaker 1: if you're curious, you know I mentioned alternative investments. Alternative

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Speaker 1: investments are for people that are accredited investors with a

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Speaker 1: net worth of one million dollars separate from your primary

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Speaker 1: residence or an income of two hundred and fifty thousand dollars.

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Speaker 1: If you want to educate yourself and know about what

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Speaker 1: does advisors on call do, we have a book called

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Speaker 1: to All or Not to All. It's online. It's actually

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Speaker 1: doing very well because people want to know what makes

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Speaker 1: advisors on't call different. Well, the alternative investments. Thirty percent

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Speaker 1: of your assets are going to be investment there. So

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Speaker 1: I think it's important that if you want to work

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Speaker 1: with us or you want to know more about what

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Speaker 1: we do. I've written a book to explain why. I

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Speaker 1: think that's a very important asset class that if you

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Speaker 1: go into a bank, a wirehouse, or a credit union,

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Speaker 1: that's not going to be discussed because they're not allowed

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Speaker 1: to talk about alternative investments. But being a fiducier and

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Speaker 1: being independent, you know, we're not told to sell proprietary products.

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Speaker 1: We don't have that here. Advisors on call at those

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Speaker 1: places you're going to be given proprietary products. We will

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Speaker 1: give you what's in your best interest in as a fiduciary.

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Speaker 1: That's what our job is. So if you're out there

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Speaker 1: and your portfolios down, give us a call, shoot us

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Speaker 1: an email, or use that number. What is that number?

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Speaker 3: Number is five six two two six nine one zero

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Speaker 3: zero seven. That's five six two two six nine one

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Speaker 3: zero zero seven. Of course you can visit the website

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Speaker 3: Advisors on call dot com real quickly. Greg the book

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Speaker 3: and how they can get it again.

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Speaker 1: Oh, they can get it online up Barnes and Nobles, Amazon,

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Speaker 1: Google Books. It's available on all platforms and it's obviously

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Speaker 1: in paperback, it's electronic if you want to read electronically,

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Speaker 1: it's hardcover. But it's a very good book to read

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Speaker 1: because it'll education on what alternative investments are and how

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Speaker 1: we are different than everyone else that's out.

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Speaker 3: There, all right. And again the title to ALT or

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Speaker 3: not to Alt, and that's alternative investments and again check

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Speaker 3: that out. Now, opportunity to get on the calendar is

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Speaker 3: coming up with Greg and these are no costs, no

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Speaker 3: obligation employments. Get that portfolio x ray. See if you're

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Speaker 3: on track for your retirement. Do you want to get

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Speaker 3: to one more of these? And we kind of touched

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Speaker 3: on a little bit with everything that's going on in

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Speaker 3: our world today, why do investors often move toward these

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Speaker 3: safe haven assets during conflicts that we're seeing right now?

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Speaker 1: Lack of education. I'll give you an example. I've had

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Speaker 1: a couple of prospects that called in. They're sitting in

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Speaker 1: cash because they're afraid. And the reason why they're afraid

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Speaker 1: is they don't know what what investment vehicles are out there.

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Speaker 1: So it's very important folks that if you're out there

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Speaker 1: and you're thinking of retirement, you want to have the

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Speaker 1: proper diversification. You want to educate yourself and what type

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Speaker 1: of investment vehicles are out there. You know, right now

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Speaker 1: I have people that want to get in the market.

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Speaker 1: I mean right now, it's a great time to get

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Speaker 1: in the market. Look at where we're at, about forty

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Speaker 1: five thousand on the dell right now. You know we

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Speaker 1: had a high fifty thousand, so we you know, we

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Speaker 1: will go back up. This war will be over. This

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Speaker 1: is not a long term more. This is not something

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Speaker 1: like World War Two. It's not something like Vietnam or Korea.

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Speaker 1: This is a short incursion that will be over. Remember, folks,

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Speaker 1: we have midterms, so midterms being votes. People don't want

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Speaker 1: a long war. So I will say this, this will

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Speaker 1: probably be over. I'm going to say probably in April.

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Speaker 1: And let's see if I'm right.

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Speaker 3: So let's take a look again back in time. It's history.

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Speaker 3: What lessons can retirees learn from just the past? I mean,

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Speaker 3: we've talked about nineteen seventy three and we're going through

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Speaker 3: it again today.

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Speaker 1: Yeah, well, the history chances to repeat itself. Unfortunately, people

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Speaker 1: don't read history. That's why, that's why things happened. You know,

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Speaker 1: we should have been redealing with this. This this Mueller regime,

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Speaker 1: the or any regime should have been taken down years ago.

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Speaker 1: But the problem is that we have a lot of

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Speaker 1: feckless presidents, in particular Democrats, that rather appease people. Appeasement

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Speaker 1: doesn't work, folks. It didn't work in World War Two.

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Speaker 1: Look at Nevill Chamberlain, and look at what happened with Hitler.

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Speaker 1: He never stopped. These molas should have been taken out

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Speaker 1: years ago. Ronald Reagan wanted to bomb them. And guess

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Speaker 1: what when he was really when he came to when

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Speaker 1: he came to be president, they released all those hostages

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Speaker 1: that the that they were holding because they were afraid

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Speaker 1: of him because of his diplomacy, which is no his

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Speaker 1: gunboat diplomacy. Now we have a president it's very similar

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Speaker 1: to Ronald Reagan. He doesn't fool around, he doesn't mince words.

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Speaker 1: When he says he's going to do something, he backs

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Speaker 1: it up. Unfortunately, we've had people in the past that

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Speaker 1: have red lines, and their red lines are meaningless. You know,

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Speaker 1: even in a relationship, you've got to have lines. You know,

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Speaker 1: here the Advisers on Call, we have lines for you,

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Speaker 1: and we are going to make sure that your portfolio

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Speaker 1: is not going to hit certain red lines because of

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Speaker 1: the diversification of what we do. So if you're worried

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Speaker 1: about your portfolio and your advisor is not doing anything,

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Speaker 1: give us a call, shoot us an email, our emails

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Speaker 1: Advisors on Call info at Advisers on Call dot com.

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Speaker 1: And we also accept text messages. So if you are

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Speaker 1: not able to call, text us or call.

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Speaker 3: Us, opportunity right now, get on the calendar. Call this

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Speaker 3: number five six two two six nine one zero zero

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Speaker 3: seven again five six two two six nine one zero

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Speaker 3: zero seven. If you're just sitting on a portfolio, that

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Speaker 3: is not a plan. If you're halfway down the path

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Speaker 3: and planning and you're frustrated your appointments possibly getting bumped around,

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Speaker 3: get a second opinion five six two two six nine

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Speaker 3: one zero zero seven. Get that portfolio x ray done.

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Speaker 3: Four six two two six nine one zero zero seven.

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Speaker 3: When we return, we are going to get into this.

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Speaker 3: Most retirees worry about market crashes or inflation, but there's

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Speaker 3: another risk that can quietly derail retirement. It's called sequence

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Speaker 3: of returns. We talk about that coming up next. We

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Speaker 3: are back on Advisors on Call. Your host is Greg Ramirez.

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Speaker 3: I'm Morgan Patrick, sitting in for a Jackie Selby SE's

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Speaker 3: on assignment this week. Opportunity to get on the calendar

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Speaker 3: with Greg and his team that's coming up, So stay

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Speaker 3: tuned and it's no cost, no obligation. The website treated

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Speaker 3: as a resource Advisors on Call dot com again. Greg

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Speaker 3: got twenty nine plus years experience in the financial services

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Speaker 3: industry helping his clients get ready for retirement, registered investment

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Speaker 3: advisor and a FIDU sharing Well, let's get into this.

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Speaker 3: When people think about retirement, risk greg they usually think

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Speaker 3: about things like, well, market volatility, maybe a little inflation

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Speaker 3: thrown in there. But there's another risk that financial planners

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Speaker 3: often worry about even more, and especially in the early

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Speaker 3: years of retirement. It's called sequence of returns risk, and

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Speaker 3: it refers to the timing of the market and the

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Speaker 3: market losses, particularly if they happen right when someone begins

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Speaker 3: withdrawing income from the portfolio. So what's in interesting is

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Speaker 3: that some of the events most likely to trigger those

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Speaker 3: early downturns aren't purely economic. Geopolitical absolutely wars, oil shocks,

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Speaker 3: global crises have historically created sudden market drops and we've

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Speaker 3: seen some of that that can have long term effects

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Speaker 3: on retirement income strategy. So today we kind of want

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Speaker 3: to unpack the sequence of risk and what it is,

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Speaker 3: and why global instability can make it even worse, and

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Speaker 3: what retirees can do to protect themselves. So here's a

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Speaker 3: question for you. What exactly is let's define it sequence

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Speaker 3: of returns risk.

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Speaker 1: Well, sequence of returns is basically, when you retire, you're

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Speaker 1: taking money out, and there's events that mean you may

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Speaker 1: be forced to take more money out than you need

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Speaker 1: to because it's based on your portfolio. So if your

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Speaker 1: portfolio is down, okay, let's give you example. You have

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Speaker 1: a million dollar portfolio and you need to take let's

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Speaker 1: use I don't like using the four percent rule, like,

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Speaker 1: let's use a six percent rule. You have to take

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Speaker 1: out sixty thousand dollars a year. So that works out

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Speaker 1: to fight thout dollars a month. But if your portfolio

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Speaker 1: is down twenty percent, you still need that five thousand

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Speaker 1: dollars a month. Well, you're killing your portfolio because now

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Speaker 1: it's at eight hundred thousand and So if you're someone

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Speaker 1: who has a traditional sixty forty portfolio or bonds equities,

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Speaker 1: you know that's that's not going to work in this environment.

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Speaker 1: You're going to go through that money pretty quickly. That's

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Speaker 1: why here to dividers on call I have different asset

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Speaker 1: allocation strategies. Insurance equities, alternative investments, interval funds. That mix

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Speaker 1: is going to be much better in an environment like

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Speaker 1: what we're in because you've only got about thirty thirty

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Speaker 1: to forty thirty percent of your portfolio is going to

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Speaker 1: be in equities. The rest is going to be not

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Speaker 1: correlated to the market that's going to take significant risks

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Speaker 1: so now let's look at a million dollars portfolio. Instead

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Speaker 1: of a million dollars in the market, you've got three

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Speaker 1: hundred thousand. If you are down twenty you're not going

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Speaker 1: to be down twenty percent with us because of how

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Speaker 1: we invest. Let's say you're only let's say let's say

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Speaker 1: you are down twenty percent, Let's just say, well, that's

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Speaker 1: sixty thousand, and that's not two hundred. So if you

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Speaker 1: still needed that income, because you remember, folks, when we

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Speaker 1: have alternative investments and we have interval funds, those are

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Speaker 1: not correlated to the market. And in some cases, if

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Speaker 1: we started your plan before you retired and we had

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Speaker 1: the income for life, guess what, folks, it's not correlated

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Speaker 1: to the market, and it's guaranteed for as long as

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Speaker 1: you live. So regardless of what the market does, you're

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Speaker 1: not going to be getting into your portfolio and seeing that,

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Speaker 1: you know, because when the market does recover, in order

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Speaker 1: for you to go back to a million dollars and

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Speaker 1: get a positive return, you're going to have to swing

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Speaker 1: it at about a thirty percent return. When you're retired.

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Speaker 1: You don't want that. That's a lot of risk. So

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Speaker 1: why would you want to take more risk. The key

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Speaker 1: is being prepared before this happens so that you won't

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Speaker 1: have to take more money out and you will be

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Speaker 1: spared the sequence of returns risk. Folks. You know, there's

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Speaker 1: so many advisors out there that unfortunately are one trick ponies.

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Speaker 1: They're going to do just equities or maybe they're going

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Speaker 1: to do annuities only, and you can't do that. You

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Speaker 1: need to have a little bit of everything. You know.

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Speaker 1: For those people out there that don't work for the

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Speaker 1: federal government or for the state, you don't get a pension.

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Speaker 1: And I'm going to tell you, folks, if you're a

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Speaker 1: generation ex or younger, it is up to ourselves to

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Speaker 1: make sure that we have an income stream for life.

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Speaker 1: Because I believe only half of the solid security, you're

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Speaker 1: only going to be getting half of your Social security folks.

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Speaker 1: You know social Security is supposed to run out. I

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Speaker 1: think it's seven years. Well, it's not changing and they

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Speaker 1: may kick the world. You know, what they're probably going

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Speaker 1: to do is they're going to make full retirement at

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Speaker 1: eight seventy five. For us, and when it does come,

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Speaker 1: we're only going to see half that benefit. So it

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Speaker 1: is up to us to make sure that we have

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Speaker 1: our own streams of income. Now, for some of us

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Speaker 1: we're fortunate enough that maybe we have rental properties. For

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Speaker 1: some of us that can't stomach that we need to

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Speaker 1: make our own streams of income. That's what I recommend.

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Speaker 1: Twenty to thirty percent of our portfolio goes into some

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Speaker 1: vehicle that will pay income for life with an inflation writer,

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Speaker 1: so that if that's you know, you don't have to

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Speaker 1: be concerned. You will get you know, eight or nine

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Speaker 1: more streams of income that you can get an increase.

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Speaker 1: These are the things that we do who at Advisers

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Speaker 1: on Call Now. I do have a second book that

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Speaker 1: I'm working on which is not out yet, which called

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Speaker 1: twenty first Investment Financial Planning, which discusses this. But this

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Speaker 1: is why you listen to me on the radio, because

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Speaker 1: I explained to you what makes us different to anyone

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Speaker 1: else that's out there.

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Speaker 3: Tell you it's an opportunity right now to get on

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Speaker 3: the calendar with Greg and his team and advisors on call,

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Speaker 3: and the appointments we open up through the show are complimentary,

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Speaker 3: meaning you're not paying for it, you're leaving the checkbook

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Speaker 3: at home, and you're not obligated to become a client

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Speaker 3: and guess what, Greg's not obligated to take you as

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Speaker 3: a client. This is a great way to see if

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Speaker 3: it's a good fit and if you want to roll forward,

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Speaker 3: you certainly can. Again, the number to call is five

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Speaker 3: six two two six' nine one zero zero. Seven that's

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Speaker 3: five six two two six nine one zero zero. Seven

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Speaker 3: you can always visit the Website Great Resource advisors on

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Speaker 3: call dot. Com but back to, it thinking about sequence of, returns,

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Speaker 3: RISK i want to jump to this. One why are

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Speaker 3: the first five years of retirement so important when it

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Speaker 3: comes to sequence of returns.

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Speaker 1: Because it sets up where you're going to be later in.

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Speaker 1: Life you, know the first four five, years people are

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Speaker 1: spending more than what they normally. Do after the five

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Speaker 1: years are, gone people are, traveling maybe they're, helped you,

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Speaker 1: know maybe they're still adjusting to, retirement maybe they're maybe they're,

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Speaker 1: downsizing maybe they're helping. Kids so you're gonna spend more

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Speaker 1: money in those first five years than you would the

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Speaker 1: next twenty. Five so it's very important that if you

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Speaker 1: have the right diversification strategy and if something like this,

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Speaker 1: happens you're going to be. Set that's why you cannot

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Speaker 1: have a twentieth century financial plan of sixty, forty, seventy,

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Speaker 1: thirty eighty. Twenty it's not going to. Work having what

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Speaker 1: we have and having it before this happens is going

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Speaker 1: to prevent you from taking those sequence of return. Losses

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Speaker 1: because one of the things that we do here At

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Speaker 1: viros On, call, folks is that we give you a,

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Speaker 1: Plan we give you. Structure other places talk about. Returns

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Speaker 1: returns are, great but it's not about, returns. Folks sometimes

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Speaker 1: when you get to a certain point in, life it's

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Speaker 1: more about how much can we save you in? Taxes

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Speaker 1: how can we maximize the amount of returns and minimize?

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Speaker 1: Risk those are very. Things those are very key things

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Speaker 1: that we do here to A virus On. Call the

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Speaker 1: other places don't why because we're a fiduciary and we're.

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Speaker 1: Independent we don't have somebody breathing down our back saying

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Speaker 1: you got to sell x amount of proprietary, products or

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Speaker 1: you have to do this to push that for the

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Speaker 1: bank or the credit union, side or if you're on

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Speaker 1: the wire house, side oh we have a new offering

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Speaker 1: that you got to push. Out we don't do any of.

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Speaker 1: That we're going to do what's in your best, interest

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Speaker 1: and that's the key here to divisers on.

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Speaker 3: Cally it's important to have that, plan have that, structure

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Speaker 3: As greg is talking, about have that map as you move.

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Speaker 3: FORWARD i, mean come, in grab one of our complimentary,

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Speaker 3: appointments get that portfolio x, ray but talk about your

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Speaker 3: retirement goals and kind of see where you are and

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Speaker 3: then create that map in the middle to get you.

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Speaker 3: There that's what planning is all. About and as a,

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Speaker 3: fiduciary if you are looking for a second opinion and

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Speaker 3: you bring your plan in And greg takes a look

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Speaker 3: and it looks, good you know he's a. Fiduciary he's

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Speaker 3: going to, say you know, what wouldn't change a. Thing

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Speaker 3: but if he does take a look and things can

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Speaker 3: be tweaked or massaged a little, bit that conversation is

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Speaker 3: going to be had as. Well this is an opportunity

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Speaker 3: for you to grab one of our complimentary appointments right

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Speaker 3: now five six two two six nine one zero zero

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Speaker 3: seven and get that portfolio x. Ray. Again that's five

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Speaker 3: six two two six nine one zero zero. Seven there's

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Speaker 3: no cost of, that there's no obligation to, that and

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Speaker 3: its knowledge is. Power that's the theme. There all, Right

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Speaker 3: so the final ONE i want to get to in this,

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Speaker 3: Segment greg is our is the last. One what's? Strategies

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Speaker 3: you kind of talked a little bit about, it but

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Speaker 3: what strategies can protect us against sequence of returns.

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Speaker 1: Risk let's having the diversification strategy LIKE i talked about,

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Speaker 1: earlier alternative, investments interval, funds insurance and a smaller portion in.

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Speaker 1: Equities if you can do, that like right now on my,

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Speaker 1: portfolio we, know, yeah we're we're not down twenty, percent you,

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Speaker 1: Know LIKE i, said we have people that are, up you,

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Speaker 1: know nine or. Ten we have some people that are,

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Speaker 1: flat maybe some people down maybe six. Percent but the

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Speaker 1: key is that we have the for naset. Classes having

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Speaker 1: that before saves you so that when something like, happens

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Speaker 1: because let's be, honest, folks the market is very. Cilical

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Speaker 1: it keeps goes, up it goes. Down we have to

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Speaker 1: be prepared for when that, happens and having the portfolio

430
00:21:14,119 --> 00:21:16,400
Speaker 1: before that time is going to save you so when

431
00:21:16,440 --> 00:21:18,280
Speaker 1: we're in times like. This because the other thing is

432
00:21:18,320 --> 00:21:21,600
Speaker 1: that WHEN i talk about interval, funds, FOLKS i usually

433
00:21:21,640 --> 00:21:23,680
Speaker 1: means THAT i have funds THAT i can get out

434
00:21:23,720 --> 00:21:25,959
Speaker 1: on a liquid basis and maybe put that into equity

435
00:21:26,000 --> 00:21:28,040
Speaker 1: so that when the equities do turn, around we're going

436
00:21:28,119 --> 00:21:30,760
Speaker 1: to generate some nice. Returns because when you have a

437
00:21:30,800 --> 00:21:32,840
Speaker 1: market that's valved so like, this there are a lot

438
00:21:32,840 --> 00:21:35,840
Speaker 1: of good looking stocks out there right, now and the

439
00:21:35,920 --> 00:21:38,720
Speaker 1: key is just being, patient but it's making sure that

440
00:21:39,200 --> 00:21:42,280
Speaker 1: you have the funds in a place that is safe

441
00:21:42,320 --> 00:21:44,760
Speaker 1: so that when the things do turn, around you'll be

442
00:21:45,080 --> 00:21:46,879
Speaker 1: a part of that. Uptick and that's the thing that

443
00:21:46,920 --> 00:21:48,000
Speaker 1: we do here to aviders on.

444
00:21:48,080 --> 00:21:50,920
Speaker 3: CALL i tell you, now it's the opportunity we've got

445
00:21:51,000 --> 00:21:54,000
Speaker 3: available appointments With greg and his team and advisors on.

446
00:21:54,080 --> 00:21:56,040
Speaker 3: Call greg kind of walk us through how the appointment's

447
00:21:56,080 --> 00:21:56,280
Speaker 3: going to.

448
00:21:56,280 --> 00:21:58,760
Speaker 1: Go so, basically when you do a PORTFOLIO x, ray

449
00:21:59,200 --> 00:22:01,159
Speaker 1: Obviously i'll talk to you. First i'd ask if you

450
00:22:01,200 --> 00:22:04,840
Speaker 1: want to do a zoom, call a phone call or in.

451
00:22:04,880 --> 00:22:07,359
Speaker 1: Person you, know it's up to you how you'd like.

452
00:22:07,400 --> 00:22:09,639
Speaker 1: To and remember we're on call so we can come to,

453
00:22:09,680 --> 00:22:11,199
Speaker 1: you you can come to. Us some people like to

454
00:22:11,200 --> 00:22:13,600
Speaker 1: see our, office that's, fine we're, here we're not going.

455
00:22:13,600 --> 00:22:16,800
Speaker 1: Anywhere or if we want to just do a zoom

456
00:22:16,800 --> 00:22:20,000
Speaker 1: call the first, meeting we're going to gather your, information

457
00:22:20,720 --> 00:22:22,399
Speaker 1: and then once we get that, INFORMATION i want to

458
00:22:22,400 --> 00:22:24,760
Speaker 1: find out what your risk tolerance, is find out what

459
00:22:24,800 --> 00:22:27,760
Speaker 1: you're happy about or not happy about your. Portfolio then

460
00:22:29,040 --> 00:22:31,800
Speaker 1: after that first initial, meeting which to take about twenty five,

461
00:22:31,840 --> 00:22:34,239
Speaker 1: man it's kind of, Quick i'll have a follow up

462
00:22:34,240 --> 00:22:36,560
Speaker 1: meeting Where i'm going to have all your. Information i'm

463
00:22:36,560 --> 00:22:38,000
Speaker 1: going to give you THAT x. Ray i'm going to

464
00:22:38,040 --> 00:22:39,879
Speaker 1: basically give you about a one to one and a

465
00:22:39,920 --> 00:22:43,480
Speaker 1: half page summary of WHAT i think needs to be.

466
00:22:43,520 --> 00:22:44,959
Speaker 1: Done and one of the Things i'd like to use

467
00:22:44,960 --> 00:22:47,560
Speaker 1: as an analogy is that you folks have the pieces

468
00:22:47,560 --> 00:22:49,800
Speaker 1: of the. Puzzle it's up to us to make that puzzle.

469
00:22:49,840 --> 00:22:52,480
Speaker 1: COMPLETE i will present it to. You Then i'll follow

470
00:22:52,560 --> 00:22:55,000
Speaker 1: up with you and give you time to look at my.

471
00:22:55,080 --> 00:22:57,359
Speaker 1: Recommendations i'll explain to you on the second, call and

472
00:22:57,359 --> 00:23:00,240
Speaker 1: then by the third, call if you want to go

473
00:23:00,400 --> 00:23:02,720
Speaker 1: from being a prospect to a, client then we will

474
00:23:02,760 --> 00:23:05,199
Speaker 1: on board. You and that's basically how we do.

475
00:23:05,280 --> 00:23:08,919
Speaker 3: Things tell you it's important to get on, track have

476
00:23:08,960 --> 00:23:11,640
Speaker 3: a plan sitting on a. Portfolio not THAT i mean

477
00:23:11,680 --> 00:23:13,800
Speaker 3: we applaud the fact that you've saved and you've done

478
00:23:13,840 --> 00:23:16,359
Speaker 3: the heavy. Lifting now you've got the nest. Egg what

479
00:23:16,359 --> 00:23:18,000
Speaker 3: are you going to do with? It you need a

480
00:23:18,119 --> 00:23:20,120
Speaker 3: plan or if you're in the middle of, something need

481
00:23:20,119 --> 00:23:23,040
Speaker 3: that second. Opinion grab one of our. Apployments get that

482
00:23:23,119 --> 00:23:27,920
Speaker 3: portfolio x ray done contact us five six two two six'

483
00:23:28,080 --> 00:23:31,520
Speaker 3: nine one zero. Zero seven that's five six two two six'

484
00:23:31,640 --> 00:23:34,880
Speaker 3: nine one, zero zero, seven no. Cost. No obligation appointment

485
00:23:34,920 --> 00:23:38,000
Speaker 3: get that portfolio x ray five six two two six' nine.

486
00:23:38,119 --> 00:23:41,439
Speaker 3: One zero zero seven When we Return, On Advisors on

487
00:23:41,560 --> 00:23:46,320
Speaker 3: call global tensions market swing's economic uncertainty can make retirement feel,

488
00:23:46,320 --> 00:23:49,280
Speaker 3: a little less predictable but history is showing us that

489
00:23:49,359 --> 00:23:53,160
Speaker 3: some of the best retirement strategies are. Built during, uncertain

490
00:23:53,200 --> 00:23:55,919
Speaker 3: times and hello we're right in. The middle of that.

491
00:23:55,760 --> 00:23:56,600
Speaker 2: That's coming up.

492
00:23:56,520 --> 00:24:06,960
Speaker 3: Next welcome Back. To advisors on Call Your host Is

493
00:24:07,000 --> 00:24:10,879
Speaker 3: Greg Ramirez and i'm morgan. Patrick guest Hosting Again we

494
00:24:11,000 --> 00:24:13,760
Speaker 3: have jackie selby. On assignment this week. She's back next

495
00:24:13,760 --> 00:24:16,520
Speaker 3: week want to remind you that there's a website that,

496
00:24:16,560 --> 00:24:18,160
Speaker 3: you can check out and you can. Do that right.

497
00:24:18,200 --> 00:24:22,400
Speaker 3: Now It's a resource. Advisorson call Dot com it's advisorson

498
00:24:22,600 --> 00:24:25,720
Speaker 3: call dot com twenty Nine plus years for greg and,

499
00:24:25,760 --> 00:24:28,840
Speaker 3: the financial services industry helping his clients, get ready for

500
00:24:28,840 --> 00:24:33,760
Speaker 3: retirement registered investment. Advisor and a fiduciary and it's, all about,

501
00:24:33,800 --> 00:24:38,440
Speaker 3: the plan. The structure being proactive. Let's. Get into this

502
00:24:38,640 --> 00:24:41,239
Speaker 3: greg in, the past few years if, it's taught us

503
00:24:41,320 --> 00:24:44,040
Speaker 3: anything it's the world. Can change very quickly we've seen

504
00:24:44,080 --> 00:24:47,399
Speaker 3: it over the, last couple, of months, global conflicts energy,

505
00:24:47,440 --> 00:24:52,800
Speaker 3: shocks to. Inflation spikes market volatility retirees today are navigating

506
00:24:52,840 --> 00:24:57,959
Speaker 3: an environment, that, Can feel well unpredictable so the uncertainty doesn't.

507
00:24:58,000 --> 00:25:01,560
Speaker 3: Have to, mean panic in fact many of the most

508
00:25:01,600 --> 00:25:06,520
Speaker 3: successful retirement strategies are built around preparing for moments exactly

509
00:25:06,640 --> 00:25:09,440
Speaker 3: like the ones. We're in right now so today we

510
00:25:09,480 --> 00:25:12,680
Speaker 3: want to walk through some financial moves that retirees may

511
00:25:12,720 --> 00:25:17,399
Speaker 3: want to consider when there's global uncertainty or, how that's

512
00:25:17,440 --> 00:25:19,480
Speaker 3: you know the steps they can take to, help protect their,

513
00:25:19,480 --> 00:25:22,480
Speaker 3: income reduce their risk but also keep that long. Term

514
00:25:22,520 --> 00:25:25,840
Speaker 3: plan on tracks so. Here's your first one why why

515
00:25:25,880 --> 00:25:29,400
Speaker 3: is it so important for retirees to review their strategy?

516
00:25:29,920 --> 00:25:31,359
Speaker 3: During times like these.

517
00:25:32,160 --> 00:25:34,679
Speaker 1: Because if you, have an old portfolio it's. Not going

518
00:25:34,760 --> 00:25:36,280
Speaker 1: to work you're going to be taking. More from your

519
00:25:36,320 --> 00:25:39,119
Speaker 1: principle so it's important to LOOK at where am i.

520
00:25:39,119 --> 00:25:41,359
Speaker 1: Getting my, income from you know that's one OF the

521
00:25:41,359 --> 00:25:43,760
Speaker 1: reasons why i hear at advisors on call we talk.

522
00:25:43,840 --> 00:25:47,560
Speaker 1: ABOUT income for life a Portion of your. Portfolio i'll,

523
00:25:47,640 --> 00:25:49,440
Speaker 1: use them you know a million dollars five hundred thousand,

524
00:25:49,440 --> 00:25:52,160
Speaker 1: dollars as, an example thirty percent which on a million

525
00:25:52,200 --> 00:25:55,560
Speaker 1: dollars portfolio is three hundred thousand, on five hundred thousand

526
00:25:55,560 --> 00:25:57,239
Speaker 1: will be. Out on one fifty we're going to make

527
00:25:57,280 --> 00:25:59,520
Speaker 1: sure that that income comes out regardless of, what the

528
00:25:59,560 --> 00:26:02,879
Speaker 1: market does so. There's no market exposure, in addition to

529
00:26:02,920 --> 00:26:05,400
Speaker 1: that you're going to have another component, piece called alternative

530
00:26:05,400 --> 00:26:09,040
Speaker 1: investments not. Correlated to, the, Market guess why folks the

531
00:26:09,160 --> 00:26:12,239
Speaker 1: income will pay your principle's, not going to fluctuate and

532
00:26:12,280 --> 00:26:14,560
Speaker 1: that's not going to be an interruption because sometimes what

533
00:26:14,680 --> 00:26:17,400
Speaker 1: happens right now is if you, have an older portfolio

534
00:26:18,200 --> 00:26:21,440
Speaker 1: you may be getting less income, because your portfolios down

535
00:26:21,440 --> 00:26:23,320
Speaker 1: which means you have to draw, more of the principle

536
00:26:23,600 --> 00:26:27,439
Speaker 1: which means that you're going to lose more because.

537
00:26:27,440 --> 00:26:27,520
Speaker 2: You.

538
00:26:27,600 --> 00:26:30,199
Speaker 1: Need that money now there are many different strategies that

539
00:26:30,240 --> 00:26:32,959
Speaker 1: can be. Taken to avoid that if you have one.

540
00:26:33,000 --> 00:26:35,000
Speaker 1: Of the older portfolios you could take a portion of

541
00:26:35,040 --> 00:26:37,800
Speaker 1: that portfolio out and do WHAT'S, called an immediate speea

542
00:26:37,840 --> 00:26:40,480
Speaker 1: which is a single premium immediate annuity pay you out

543
00:26:40,480 --> 00:26:43,159
Speaker 1: for a, period of five years and that way your.

544
00:26:43,160 --> 00:26:46,000
Speaker 1: Steamer of income's covering that would allow your portfolio. To

545
00:26:46,760 --> 00:26:49,000
Speaker 1: weather the storm but we don't Do that Here at

546
00:26:49,000 --> 00:26:52,080
Speaker 1: advisers on call because of how. We do our planning

547
00:26:52,200 --> 00:26:54,080
Speaker 1: we do this before so that you don't Have to

548
00:26:54,080 --> 00:26:56,720
Speaker 1: worry about we talk. About our component pieces So the

549
00:26:56,800 --> 00:26:58,800
Speaker 1: key that i'm going, to, emphasize you here folks is

550
00:26:59,240 --> 00:27:01,159
Speaker 1: make sure you have someone that you're working with that

551
00:27:01,520 --> 00:27:04,720
Speaker 1: is prepared and has done, this before this happens because

552
00:27:04,760 --> 00:27:08,320
Speaker 1: nobody wants to do things, after after, it means you

553
00:27:08,320 --> 00:27:10,200
Speaker 1: know you're gonna have. To take more, risk when you're

554
00:27:10,240 --> 00:27:13,280
Speaker 1: retired the last thing you want to do. Is play.

555
00:27:13,400 --> 00:27:15,640
Speaker 1: Catch up you know that's one of the. Reasons why

556
00:27:15,640 --> 00:27:17,720
Speaker 1: you're retired you're retired because you don't have. To worry

557
00:27:17,720 --> 00:27:19,600
Speaker 1: about that and nobody wants to go back to work.

558
00:27:19,640 --> 00:27:21,880
Speaker 1: Because they have, to if you work you work. Because

559
00:27:21,880 --> 00:27:25,280
Speaker 1: you want, to so you know having a. Plan is

560
00:27:25,400 --> 00:27:27,000
Speaker 1: very important that's one of the things that we do

561
00:27:27,040 --> 00:27:29,439
Speaker 1: in our, plan adjust you know we adjust to. How the,

562
00:27:29,480 --> 00:27:32,960
Speaker 1: market goes you know Today we. Have the iranian crisis

563
00:27:33,240 --> 00:27:34,840
Speaker 1: maybe a year from now we, have a you Know.

564
00:27:34,880 --> 00:27:37,760
Speaker 1: A crisis, in taiwan who knows but we have to

565
00:27:37,840 --> 00:27:40,440
Speaker 1: adjust to. How the market goes we don't know what

566
00:27:40,560 --> 00:27:42,960
Speaker 1: curveballs are going to. Be thrown our way, but as

567
00:27:42,960 --> 00:27:45,600
Speaker 1: a fiduciary if you have a right portfolio mix in

568
00:27:45,640 --> 00:27:48,680
Speaker 1: your in your, an asset location strategy you're. Going to

569
00:27:48,760 --> 00:27:50,600
Speaker 1: be okay but the only way you're going to get

570
00:27:50,600 --> 00:27:53,080
Speaker 1: that is allowing us to give you, a portfolio x

571
00:27:53,160 --> 00:27:55,640
Speaker 1: right or giving us the call so that you can

572
00:27:55,720 --> 00:27:59,560
Speaker 1: contact us at info at advisors, on call dot com

573
00:27:59,840 --> 00:28:01,720
Speaker 1: or where you can text on our phone Number.

574
00:28:01,800 --> 00:28:04,840
Speaker 3: Or calls directly telly it's very important the, review part

575
00:28:04,880 --> 00:28:08,440
Speaker 3: of this and. Especially during uncertain times but there. Should

576
00:28:08,480 --> 00:28:11,920
Speaker 3: be regular reviews and if you're out there and you're,

577
00:28:11,960 --> 00:28:15,640
Speaker 3: sitting on a portfolio you have a current plan and you're,

578
00:28:15,640 --> 00:28:17,520
Speaker 3: not getting, phone calls so, hey come on in let's.

579
00:28:17,520 --> 00:28:19,880
Speaker 3: Review what you're doing let's take a. Look at the strategy.

580
00:28:19,960 --> 00:28:22,240
Speaker 3: Let's make some adjustments if you're not getting those, kind

581
00:28:22,240 --> 00:28:26,159
Speaker 3: of phone calls, that communication's not there, get a second

582
00:28:26,160 --> 00:28:29,200
Speaker 3: opinion get a portfolio x ray. From advisors On call

583
00:28:29,280 --> 00:28:31,960
Speaker 3: meet with. Greg and his, team it's no. Cost it's

584
00:28:32,000 --> 00:28:34,840
Speaker 3: no obligation call the number five six two two six'.

585
00:28:35,000 --> 00:28:38,760
Speaker 3: Nine one zero zero seven that's five six two two

586
00:28:38,840 --> 00:28:42,480
Speaker 3: six nine one zero. Zero seven portfolio x ray take a,

587
00:28:42,520 --> 00:28:44,680
Speaker 3: Look at what's going on put your puzzle pieces on

588
00:28:44,720 --> 00:28:47,720
Speaker 3: the table and see where you. Want, to go from there,

589
00:28:47,760 --> 00:28:50,760
Speaker 3: again this. Is no cost no obligation five six two

590
00:28:50,840 --> 00:28:54,840
Speaker 3: two six.' nine one zero zero seven so talking about the.

591
00:28:54,880 --> 00:28:57,920
Speaker 3: Reviews very important to do that it's. Almost like the

592
00:28:57,960 --> 00:28:59,840
Speaker 3: doctor's check up you want to make sure you're, getting

593
00:29:00,160 --> 00:29:02,280
Speaker 3: at least one a year and then if, there are

594
00:29:02,280 --> 00:29:04,200
Speaker 3: events that are happening you may. Want to, make that

595
00:29:04,240 --> 00:29:06,520
Speaker 3: phone call all right so, Here's. The next one for

596
00:29:06,560 --> 00:29:10,880
Speaker 3: you greg how important is it for retirees to have a. Financial,

597
00:29:11,040 --> 00:29:14,280
Speaker 3: financial buffer during uncertain times.

598
00:29:15,200 --> 00:29:18,240
Speaker 1: Well it's very important because you want to you want.

599
00:29:18,280 --> 00:29:21,640
Speaker 1: To take the stress factor out so that buffer for

600
00:29:21,760 --> 00:29:25,360
Speaker 1: us is the income for life portion because it's guaranteed

601
00:29:25,360 --> 00:29:28,480
Speaker 1: income for life and it's the alternative investments. To not

602
00:29:28,480 --> 00:29:31,120
Speaker 1: CORRELATED to, the, market the other qwo component well, the

603
00:29:31,160 --> 00:29:34,040
Speaker 1: interval funds, are not, either but, you know, you know

604
00:29:34,160 --> 00:29:37,640
Speaker 1: having that you know having that strategy set up takes

605
00:29:37,680 --> 00:29:41,880
Speaker 1: out the concern. About having a large cash reserve AND

606
00:29:41,960 --> 00:29:44,280
Speaker 1: a lot of, times when i talk to people everybody

607
00:29:44,280 --> 00:29:46,600
Speaker 1: has a certain number that they're comfortable with that they

608
00:29:46,600 --> 00:29:48,800
Speaker 1: don't want. To INCLUDE in their financial, planning and, I

609
00:29:48,840 --> 00:29:50,760
Speaker 1: talk to people you know. I have some people to.

610
00:29:50,800 --> 00:29:53,160
Speaker 1: SAY i'll give you, an example i have one client

611
00:29:53,520 --> 00:29:56,800
Speaker 1: she's been. With me for about fourteen years she's, actually

612
00:29:56,800 --> 00:29:59,640
Speaker 1: going to retire this year and she likes to have

613
00:29:59,720 --> 00:30:02,320
Speaker 1: a high and. FIFTY thousand dollars, in HER account i

614
00:30:02,520 --> 00:30:05,680
Speaker 1: you know personally i would, probably want to have maybe

615
00:30:05,680 --> 00:30:08,000
Speaker 1: sixty but, She has to have one fifty so we

616
00:30:08,000 --> 00:30:10,720
Speaker 1: don't include. THAT in your in her. PORTFOLIO i never

617
00:30:10,720 --> 00:30:12,960
Speaker 1: talk about that i have other people that like to

618
00:30:13,040 --> 00:30:16,960
Speaker 1: have seventy five thousand dollars and they. Always so we

619
00:30:17,000 --> 00:30:19,560
Speaker 1: don't count that so if you're someone that. You have

620
00:30:19,640 --> 00:30:22,000
Speaker 1: to have a buffer and that's part. Of that is

621
00:30:22,000 --> 00:30:24,360
Speaker 1: knowing your client it's, very important to know your client,

622
00:30:24,480 --> 00:30:26,880
Speaker 1: know what the risk tolerance is what, their you know

623
00:30:27,240 --> 00:30:30,400
Speaker 1: their peculiars are and you know once you identify that

624
00:30:30,480 --> 00:30:32,920
Speaker 1: and you you you, know that's part of, you know.

625
00:30:33,360 --> 00:30:36,400
Speaker 1: HAVING that good relationship that communication i believe it's very important,

626
00:30:36,440 --> 00:30:39,000
Speaker 1: that you know, one to me in my opinion one

627
00:30:39,000 --> 00:30:44,040
Speaker 1: of the most. Important relationships is an advisor relationship if

628
00:30:44,080 --> 00:30:45,960
Speaker 1: you can't get along or if, you can't talk to

629
00:30:46,040 --> 00:30:48,960
Speaker 1: a person then that advisor may not. Be the, right

630
00:30:49,000 --> 00:30:50,880
Speaker 1: person if that you know one of the first calls

631
00:30:50,880 --> 00:30:53,080
Speaker 1: you should make if you have, a financial decision. Is

632
00:30:53,120 --> 00:30:56,240
Speaker 1: YOUR finucia your financial advisor and i get that. FROM

633
00:30:56,240 --> 00:30:58,480
Speaker 1: a lot of my Clients i have other people that

634
00:30:58,480 --> 00:31:00,800
Speaker 1: i've talked to, that are, PROSPECTS and they'll SAY you

635
00:31:00,840 --> 00:31:02,600
Speaker 1: know i. Didn't think, I could call you know i

636
00:31:02,640 --> 00:31:04,760
Speaker 1: don't talk. TO my advisor about these things. I, don't

637
00:31:04,760 --> 00:31:07,120
Speaker 1: bring these things up well. You're probably with the wrong

638
00:31:07,160 --> 00:31:09,840
Speaker 1: person and this is the Things that We. Do here

639
00:31:09,960 --> 00:31:13,040
Speaker 1: at dividor's on Call we have that value add we

640
00:31:13,080 --> 00:31:15,040
Speaker 1: can give you advice about maybe YOU have a ten

641
00:31:15,160 --> 00:31:17,080
Speaker 1: thirty one dst ten thirty. One that you want to

642
00:31:17,120 --> 00:31:20,160
Speaker 1: do maybe, You're going to sell a business Maybe you want,

643
00:31:20,160 --> 00:31:22,680
Speaker 1: To do a roth conversion strategy maybe you. Want to

644
00:31:22,680 --> 00:31:25,080
Speaker 1: do some mistake. Planning you, need some life insurance you

645
00:31:25,080 --> 00:31:26,800
Speaker 1: KNOW one of my favorite things i haven't talked about

646
00:31:26,800 --> 00:31:29,320
Speaker 1: today in. This segment is long term care that also.

647
00:31:29,400 --> 00:31:32,640
Speaker 1: Is part of. Our, insurance component long term, care folks

648
00:31:32,680 --> 00:31:35,520
Speaker 1: when you get older you know one thing we know

649
00:31:35,920 --> 00:31:39,400
Speaker 1: medical insurance. And premiums are always going up so it's

650
00:31:39,480 --> 00:31:42,720
Speaker 1: very important, that part of that insurance portfolio, in addition

651
00:31:42,760 --> 00:31:46,760
Speaker 1: to income for life includes long term care because we're all,

652
00:31:46,800 --> 00:31:49,240
Speaker 1: going to need it and eventually once, you get to

653
00:31:49,280 --> 00:31:52,280
Speaker 1: eight seventy eight it is a ninety seven percent chance

654
00:31:52,720 --> 00:31:55,520
Speaker 1: that you are, going to need long term care which

655
00:31:55,560 --> 00:31:57,320
Speaker 1: means you can't do two of the. Six activities of a

656
00:31:57,360 --> 00:31:59,240
Speaker 1: day living so that means that, it can be done at,

657
00:31:59,280 --> 00:32:02,560
Speaker 1: home be done in adult daycare maybe done, in a

658
00:32:02,680 --> 00:32:05,440
Speaker 1: twenty four hour. Care but you will use it.

659
00:32:07,200 --> 00:32:09,040
Speaker 3: Tell you it's important, to BE on top of. This

660
00:32:09,160 --> 00:32:12,280
Speaker 3: and i love the, phrasing know what. Their peculiars are

661
00:32:12,360 --> 00:32:16,800
Speaker 3: their particulars are that's interesting and if you are working

662
00:32:16,800 --> 00:32:20,240
Speaker 3: with somebody that, doesn't know those things about you maybe.

663
00:32:20,240 --> 00:32:22,440
Speaker 3: It's time for that second opinion you can grab one

664
00:32:22,480 --> 00:32:24,880
Speaker 3: at any time during our show by calling five six

665
00:32:25,000 --> 00:32:28,200
Speaker 3: two two. Six' nine one zero zero seven that's five

666
00:32:28,320 --> 00:32:30,600
Speaker 3: six two. Two six nine one zero zero seven you

667
00:32:30,640 --> 00:32:34,400
Speaker 3: can also visit. The website advisors on call, dot com

668
00:32:34,400 --> 00:32:36,840
Speaker 3: but going back to it when you start talking about

669
00:32:37,000 --> 00:32:39,320
Speaker 3: just the volatility that we're in and some things that you,

670
00:32:39,360 --> 00:32:42,320
Speaker 3: can do to, kind of protect yourself. Have those Reviews

671
00:32:43,560 --> 00:32:46,600
Speaker 3: have that, financial buffer but as greg pointed out. That's

672
00:32:46,640 --> 00:32:49,680
Speaker 3: going to be different? For everybody what are you comfortable?

673
00:32:49,720 --> 00:32:51,720
Speaker 3: With what do you want in? Cash what do you,

674
00:32:51,720 --> 00:32:55,080
Speaker 3: Want immediately available and. The next one greg is tax

675
00:32:55,120 --> 00:32:59,000
Speaker 3: planning it becomes even more important when we're going.

676
00:32:59,000 --> 00:32:59,160
Speaker 1: Through.

677
00:32:59,200 --> 00:33:00,560
Speaker 3: What we're, going through right now now.

678
00:33:00,840 --> 00:33:04,440
Speaker 1: Oh yeah tax filing. Is one of the most. IMPORTANT

679
00:33:04,440 --> 00:33:05,920
Speaker 1: things i'll give you an example i have a couple of.

680
00:33:05,960 --> 00:33:09,000
Speaker 1: CLIENTS retiring this year actually this month i have a,

681
00:33:09,040 --> 00:33:12,320
Speaker 1: lot of people retiing, this year. Actually and, fortunately for

682
00:33:12,920 --> 00:33:16,760
Speaker 1: them they're prepared Reason why because of my strategies that

683
00:33:16,760 --> 00:33:20,320
Speaker 1: i've put. IN and one of the biggest, concernces i have,

684
00:33:20,400 --> 00:33:24,280
Speaker 1: one lady IN particular SHE'S seventy one so her r

685
00:33:24,360 --> 00:33:27,280
Speaker 1: and d. Is going to be at seventy three and we've,

686
00:33:27,440 --> 00:33:31,400
Speaker 1: done probably a majority of for portfolio about seventy percent

687
00:33:31,400 --> 00:33:33,000
Speaker 1: of it has been converted to a raw but we.

688
00:33:33,080 --> 00:33:35,320
Speaker 1: Still have another thirty percent to go so we have

689
00:33:35,360 --> 00:33:36,959
Speaker 1: eighteen months to come up with. A strategy of how

690
00:33:37,000 --> 00:33:38,720
Speaker 1: to do that and that's one of the things that.

691
00:33:38,760 --> 00:33:41,200
Speaker 1: We do hear at aviers on call we have tax,

692
00:33:41,240 --> 00:33:44,880
Speaker 1: mitigation strategies, that can get you there you know, not

693
00:33:45,480 --> 00:33:48,520
Speaker 1: Just in regards to you know, when i'm talking about

694
00:33:48,520 --> 00:33:51,280
Speaker 1: the mitigation strategies and again these are for credited investors

695
00:33:51,640 --> 00:33:53,960
Speaker 1: with a net worth of one million dollars separate from

696
00:33:53,960 --> 00:33:56,520
Speaker 1: your primary residence or an income. Of two HUNDRED and

697
00:33:56,520 --> 00:33:59,840
Speaker 1: fifty thousand dollars so what i do with these alternative

698
00:34:00,000 --> 00:34:03,920
Speaker 1: investment strategies is. We have something called a fee simple

699
00:34:04,000 --> 00:34:06,720
Speaker 1: so what a fee simple does is that if you're looking,

700
00:34:06,720 --> 00:34:10,399
Speaker 1: to convert an era to a wrath we will give

701
00:34:10,400 --> 00:34:12,600
Speaker 1: you a mitigation strategy that will show you on charitable

702
00:34:12,600 --> 00:34:15,640
Speaker 1: contributions reducing. The, AMOUNT of taxes That you pay now

703
00:34:15,880 --> 00:34:18,000
Speaker 1: i know that i'm. Saying This a little bit fast online.

704
00:34:18,160 --> 00:34:20,480
Speaker 1: Obviously i'll explain it to you more if you're soone

705
00:34:20,520 --> 00:34:22,920
Speaker 1: out there that's looking for some strategies on how, to

706
00:34:22,960 --> 00:34:25,000
Speaker 1: save on taxes. When you're converting we can do that

707
00:34:25,400 --> 00:34:28,760
Speaker 1: we also have, investments that are again for credited investors

708
00:34:28,800 --> 00:34:31,120
Speaker 1: where if you're. Going to invest and do a conversion.

709
00:34:31,600 --> 00:34:33,799
Speaker 1: Some of these are real. Estate based so you take a.

710
00:34:33,840 --> 00:34:36,560
Speaker 1: Problem let's, take one hundred thousand dollars for, example you

711
00:34:36,600 --> 00:34:39,320
Speaker 1: invest one hundred thousand dollars and what's going to happen

712
00:34:39,440 --> 00:34:40,960
Speaker 1: is that this money is going to go down to

713
00:34:41,000 --> 00:34:44,080
Speaker 1: fifty thousand dollars because this is investing in real estate

714
00:34:44,160 --> 00:34:48,520
Speaker 1: or LAND. Or what's called built for rent, bfr the

715
00:34:48,600 --> 00:34:51,640
Speaker 1: property when there's nothing there they're going to. Reevaluate the

716
00:34:51,680 --> 00:34:56,560
Speaker 1: property once it goes, down now it's, you have a loss,

717
00:34:56,560 --> 00:34:59,160
Speaker 1: of of course you know paper loss so it'll be

718
00:34:59,200 --> 00:35:02,640
Speaker 1: fifty thousand that's going to be transferred over and. Then

719
00:35:02,640 --> 00:35:04,560
Speaker 1: we can do the mitigation strategy so if, you're someone

720
00:35:04,600 --> 00:35:07,080
Speaker 1: out there that needs that please give us. A call,

721
00:35:07,160 --> 00:35:08,400
Speaker 1: or shoot us an email.

722
00:35:08,320 --> 00:35:10,480
Speaker 3: I mean this is your opportunity right. Now to, get

723
00:35:10,520 --> 00:35:13,600
Speaker 3: a portfolio x ray come. In ask questions about your

724
00:35:13,600 --> 00:35:16,520
Speaker 3: own situation, and if you're sitting on a. Portfolio you

725
00:35:16,560 --> 00:35:18,560
Speaker 3: have not started planning yet this is a great way.

726
00:35:18,560 --> 00:35:20,400
Speaker 3: To get out at the starting gates and if you're

727
00:35:20,440 --> 00:35:23,040
Speaker 3: halfway down that front, stretch and you need a second.

728
00:35:23,040 --> 00:35:25,839
Speaker 3: Opinion this is for you as well call five six two.

729
00:35:26,360 --> 00:35:30,160
Speaker 3: Two six' nine one zero zero seven that's five six.

730
00:35:30,280 --> 00:35:33,040
Speaker 3: Two two six,' nine one, zero zero seven there's no

731
00:35:33,120 --> 00:35:36,640
Speaker 3: cost there's no obligation and Again this is an. Opportunity

732
00:35:36,680 --> 00:35:38,680
Speaker 3: to get to know greg and his team call the

733
00:35:38,760 --> 00:35:41,719
Speaker 3: number five. Six two two six' nine one zero zero

734
00:35:41,800 --> 00:35:44,840
Speaker 3: seven that's. Five six two two six nine one zero.

735
00:35:44,960 --> 00:35:48,080
Speaker 3: Zero seven we've gathered some scenarios From. Around the country

736
00:35:48,120 --> 00:35:50,560
Speaker 3: we've got some different categories for greg. This week we'll

737
00:35:50,560 --> 00:35:52,319
Speaker 3: see how. He's going to Handle them That's. All coming up.

738
00:35:52,320 --> 00:36:03,960
Speaker 3: Next you're Listening to advisors on call we are. Back

739
00:36:04,080 --> 00:36:06,600
Speaker 3: Advisors on call is, the show you're tuned to greg

740
00:36:06,640 --> 00:36:09,040
Speaker 3: ramirez Is your Host. And again you can find him

741
00:36:09,040 --> 00:36:11,319
Speaker 3: an advisors on call. Check out The website And treat

742
00:36:11,320 --> 00:36:14,480
Speaker 3: it as, a resource advisors on. Call dot Com easy To.

743
00:36:14,480 --> 00:36:17,960
Speaker 3: Remember rolls off the tongue advisors on call dot, com

744
00:36:18,360 --> 00:36:21,239
Speaker 3: twenty nine plus years in the, Financial services industry helping

745
00:36:21,280 --> 00:36:24,680
Speaker 3: his clients. Get Ready For, retirement registered investment advisor and

746
00:36:24,760 --> 00:36:27,640
Speaker 3: A Fiduciary i'm morgan. Patrick pleasure to. Fill in for

747
00:36:27,760 --> 00:36:30,279
Speaker 3: jackie selby this week she's on assignment she's back next

748
00:36:30,320 --> 00:36:33,040
Speaker 3: week and now we are. Into our scenarios and. These

749
00:36:33,040 --> 00:36:35,520
Speaker 3: happen all over the Country we've gathered a handful we're

750
00:36:35,560 --> 00:36:37,239
Speaker 3: gonna throw. Them at greg and see what he comes up,

751
00:36:37,280 --> 00:36:39,440
Speaker 3: with we're gonna throw them in a. Very polite way but,

752
00:36:39,480 --> 00:36:42,080
Speaker 3: we're gonna throw them at. Him, here's the first category

753
00:36:42,160 --> 00:36:45,719
Speaker 3: global conflict and energy prices. Obviously that is a, good

754
00:36:45,719 --> 00:36:48,040
Speaker 3: one to have this week and here's. The scenario with

755
00:36:48,160 --> 00:36:52,759
Speaker 3: renewed conflict overseas pushing oil prices higher retired couple living on,

756
00:36:52,800 --> 00:36:58,479
Speaker 3: about six thousand a. Month plus social security portfolio withdrawals that's,

757
00:36:58,520 --> 00:37:01,560
Speaker 3: in there too they're, feelings wheezed at. The gas pump

758
00:37:01,560 --> 00:37:04,399
Speaker 3: at the grocery, store pretty much everywhere they have about

759
00:37:04,400 --> 00:37:07,400
Speaker 3: a million invested. But nearly sixty five percent of that

760
00:37:07,640 --> 00:37:11,320
Speaker 3: is in stocks, if energy prices stay elevated and markets

761
00:37:11,360 --> 00:37:15,040
Speaker 3: turn volatile again. They're unsure whether to, reduce withdrawals or

762
00:37:15,080 --> 00:37:19,360
Speaker 3: rebalance the portfolio so here's the question how should retirees

763
00:37:19,719 --> 00:37:24,200
Speaker 3: respond when geopolitical events start impacting both. Their, investments and,

764
00:37:24,200 --> 00:37:26,480
Speaker 3: THEY'RE also their day to day expenses.

765
00:37:27,680 --> 00:37:30,839
Speaker 1: Well. First thing i always like these these mail beg

766
00:37:30,920 --> 00:37:33,160
Speaker 1: questions i'm going to, assume that these people are in

767
00:37:33,200 --> 00:37:36,440
Speaker 1: their sixties or seventies because it doesn't really say so.

768
00:37:36,800 --> 00:37:38,759
Speaker 1: We're going to have to say that they're, in there we're,

769
00:37:38,760 --> 00:37:41,239
Speaker 1: going to. Say they're probably late sixties maybe sixty eight

770
00:37:41,320 --> 00:37:44,640
Speaker 1: sixty Nine it seems to me that the six thousand

771
00:37:44,640 --> 00:37:46,800
Speaker 1: dollars i'm going to, assume, that they're getting because it

772
00:37:46,880 --> 00:37:51,000
Speaker 1: said they're getting retirement okay. So that they're getting solid

773
00:37:51,000 --> 00:37:54,840
Speaker 1: security and doing portfolio withdrawals so does that, mean that

774
00:37:54,880 --> 00:37:59,799
Speaker 1: the six thousand dollars is half solid security. Half from

775
00:37:59,880 --> 00:38:03,080
Speaker 1: the portfolio or six thousand plus. Solid security so let's

776
00:38:03,080 --> 00:38:05,839
Speaker 1: just assume it's six thousand total so that. Means it's

777
00:38:05,840 --> 00:38:08,759
Speaker 1: probably taking, Let's say and if they're married if. They

778
00:38:08,760 --> 00:38:10,880
Speaker 1: were married i'm gonna assume both people were working so

779
00:38:11,320 --> 00:38:13,440
Speaker 1: let's say they're only taking about fifteen hundred dollars out

780
00:38:13,480 --> 00:38:15,520
Speaker 1: of their portfolio. Because THEY'RE getting forty five HUNDRED dollars

781
00:38:15,560 --> 00:38:18,759
Speaker 1: in social security what i, would DO is i would,

782
00:38:18,760 --> 00:38:20,760
Speaker 1: take that million, dollars and like i talked about. Earlier

783
00:38:20,800 --> 00:38:24,600
Speaker 1: folks sixty forty the old style portfolio doesn't work we're

784
00:38:24,600 --> 00:38:26,719
Speaker 1: gonna have to give them. Some alternative investments, that are

785
00:38:26,719 --> 00:38:28,800
Speaker 1: not correlated to the market some interval funds.

786
00:38:29,080 --> 00:38:29,200
Speaker 3: And.

787
00:38:29,280 --> 00:38:33,200
Speaker 1: We're, gonna HAVE to give them income, for life now unfortunately,

788
00:38:33,200 --> 00:38:35,799
Speaker 1: because i just met these people the income. For life,

789
00:38:35,800 --> 00:38:38,200
Speaker 1: we're gonna have to, wait a little bit you, know

790
00:38:38,280 --> 00:38:40,400
Speaker 1: maybe maybe you know we can, DO the investment but

791
00:38:40,440 --> 00:38:42,120
Speaker 1: before we turn that income. On i wanted to wait

792
00:38:42,160 --> 00:38:44,400
Speaker 1: about four or five years and what that's gonna do

793
00:38:44,480 --> 00:38:46,840
Speaker 1: is that's going. To limit the amount of volatility that

794
00:38:46,880 --> 00:38:49,120
Speaker 1: they're gonna have it's Gonna Give them a third stream

795
00:38:49,160 --> 00:38:52,279
Speaker 1: of income separate from social. Security and from what, they're,

796
00:38:52,320 --> 00:38:56,280
Speaker 1: taking out of the portfolio and if one remember folks

797
00:38:56,560 --> 00:38:58,239
Speaker 1: one of the things we're not talking about here, is

798
00:38:58,239 --> 00:39:00,640
Speaker 1: that if one Of, these people pass the way when,

799
00:39:00,680 --> 00:39:02,920
Speaker 1: you have social security you. Don't keep both of them

800
00:39:02,960 --> 00:39:05,799
Speaker 1: you lose one of them so it's very important that

801
00:39:05,840 --> 00:39:07,719
Speaker 1: we give them an income stream for life that's going to.

802
00:39:07,800 --> 00:39:10,360
Speaker 1: Last for both of them and that amount doesn't change

803
00:39:10,560 --> 00:39:12,680
Speaker 1: that's how we need to take thirty percent of that

804
00:39:12,840 --> 00:39:15,600
Speaker 1: million dollars and put it into. An income for life,

805
00:39:15,760 --> 00:39:20,799
Speaker 1: where that income will not change NOW other than that

806
00:39:20,880 --> 00:39:23,640
Speaker 1: those are. The biggest changes that i would do for

807
00:39:23,719 --> 00:39:26,400
Speaker 1: this portfolio. But they look to, be IN a, pretty. Good,

808
00:39:26,440 --> 00:39:28,839
Speaker 1: position we just have to like i. Said earlier folks

809
00:39:28,880 --> 00:39:30,600
Speaker 1: you got the pieces of. The puzzle we're going to

810
00:39:30,640 --> 00:39:33,560
Speaker 1: complete that puzzle, for you and by adding those pieces that,

811
00:39:33,600 --> 00:39:36,840
Speaker 1: you're MISSING which is income for life and alternative investments

812
00:39:37,400 --> 00:39:39,800
Speaker 1: then i think your portfolio will, be much better and perform, better,

813
00:39:40,000 --> 00:39:43,600
Speaker 1: and have less volatility especially if something. Because again folks the,

814
00:39:43,680 --> 00:39:46,640
Speaker 1: market is very up and down, this will happen again but,

815
00:39:46,680 --> 00:39:48,200
Speaker 1: you will be better prepared.

816
00:39:49,040 --> 00:39:54,319
Speaker 3: Think about your own scenario and again have an opportunity in,

817
00:39:54,360 --> 00:39:56,840
Speaker 3: front of you right now to have a cost free

818
00:39:57,000 --> 00:40:00,160
Speaker 3: no obligation appointment and bring those. Puzzle pieces to the

819
00:40:00,200 --> 00:40:02,879
Speaker 3: appointment and talk. About it again you can grab one

820
00:40:02,880 --> 00:40:05,560
Speaker 3: at any time. Five six two two six nine one

821
00:40:05,680 --> 00:40:08,680
Speaker 3: zero zero seven that's. Five six two two Six nine

822
00:40:08,680 --> 00:40:10,920
Speaker 3: one zero zero seven that's an, appointment with greg and

823
00:40:10,920 --> 00:40:13,759
Speaker 3: his team and advisors on call an opportunity for, you to.

824
00:40:13,800 --> 00:40:17,520
Speaker 3: Talk about. Your scenario, And again no cost no obligation

825
00:40:17,560 --> 00:40:20,799
Speaker 3: all right next category. Greg is market highs. And the

826
00:40:20,840 --> 00:40:24,480
Speaker 3: fear of the pullback and here's the scenario the market

827
00:40:24,520 --> 00:40:27,879
Speaker 3: recently hit new highs and a seventy. Year old retiree

828
00:40:28,040 --> 00:40:31,440
Speaker 3: has eight hundred and fifty k invested they're. Wondering if

829
00:40:31,520 --> 00:40:33,960
Speaker 3: now's the time to, lock in the gains, they remember

830
00:40:33,960 --> 00:40:36,759
Speaker 3: two thousand and eight they remember twenty. Twenty and they

831
00:40:36,800 --> 00:40:39,600
Speaker 3: don't want, to relive those sharp drops but at the

832
00:40:39,600 --> 00:40:43,040
Speaker 3: same time. They know they could be retired another twenty

833
00:40:43,080 --> 00:40:47,280
Speaker 3: five years how do you help retirees decide when caution.

834
00:40:47,480 --> 00:40:51,840
Speaker 3: Makes SENSE versus when fear might hurt long term.

835
00:40:51,480 --> 00:40:55,480
Speaker 1: Growth now i have two questions here because this eight to.

836
00:40:55,520 --> 00:40:57,840
Speaker 1: Fifty We don't know if it's qualified or non qualified

837
00:40:57,920 --> 00:41:00,920
Speaker 1: so i'm. Going to assume it's half and half, because

838
00:41:01,040 --> 00:41:03,839
Speaker 1: there's consequences if this is a, non qualified portfolio we're

839
00:41:03,880 --> 00:41:05,640
Speaker 1: going to create a taxable event so we'd Have to do,

840
00:41:05,680 --> 00:41:09,200
Speaker 1: some tax mitigation strategies if some of. If it's qualified

841
00:41:09,200 --> 00:41:12,120
Speaker 1: obviously it. Doesn't matter because it's qualified now this individual

842
00:41:12,160 --> 00:41:14,600
Speaker 1: has concerns it's interesting because might have a, Lot, of

843
00:41:14,600 --> 00:41:16,440
Speaker 1: clients right now to have concerns that. Say GREG maybe

844
00:41:16,480 --> 00:41:18,320
Speaker 1: we should take some, of the gains, and i think

845
00:41:18,920 --> 00:41:21,000
Speaker 1: depending on you know like right now, if you've got.

846
00:41:21,000 --> 00:41:23,560
Speaker 1: A stock that's up, ONE hundred percent take the gain

847
00:41:23,920 --> 00:41:28,320
Speaker 1: KEEP the principal here i would probably. Tell this INDIVIDUAL

848
00:41:28,320 --> 00:41:30,239
Speaker 1: i would take some of THE gains but what i

849
00:41:30,280 --> 00:41:32,799
Speaker 1: would also do is. That i would make sure he

850
00:41:32,840 --> 00:41:36,520
Speaker 1: Has An. Investment vehicle WE. Have an investment vehicle called lincoln,

851
00:41:36,600 --> 00:41:40,840
Speaker 1: financial it's called a it's an. It's an advisory vehicle

852
00:41:41,120 --> 00:41:43,279
Speaker 1: which is one hundred percent liquid and what this can

853
00:41:43,320 --> 00:41:46,200
Speaker 1: do is you have what's called a because he's only

854
00:41:46,239 --> 00:41:49,000
Speaker 1: seventy so there's a there's something, he can take advantage

855
00:41:49,040 --> 00:41:51,520
Speaker 1: of up. To eight seventy five where it's called an

856
00:41:51,560 --> 00:41:54,359
Speaker 1: earning enhancement so what this will do is this will

857
00:41:54,400 --> 00:41:57,439
Speaker 1: guarantee you if you pass away to your beneficiary, because

858
00:41:57,440 --> 00:42:01,279
Speaker 1: there's something he's concerned. With and on the earnings you

859
00:42:01,320 --> 00:42:03,440
Speaker 1: cannot get that anywhere and it has a step up

860
00:42:03,600 --> 00:42:05,960
Speaker 1: so every year it locks in. Your step up on

861
00:42:06,000 --> 00:42:08,360
Speaker 1: your death benefit for, your gains so if this, is

862
00:42:08,400 --> 00:42:11,480
Speaker 1: something you're concerned with and in addition To that It,

863
00:42:11,560 --> 00:42:14,000
Speaker 1: also has an income for life called eye for life.

864
00:42:14,320 --> 00:42:17,279
Speaker 1: Where it can lock in the amount that you get,

865
00:42:17,320 --> 00:42:18,959
Speaker 1: and if you want to go even a step further

866
00:42:19,120 --> 00:42:21,440
Speaker 1: we have something called the state lock where if you want,

867
00:42:21,440 --> 00:42:23,960
Speaker 1: to get income for life and. Keep the principle there

868
00:42:24,400 --> 00:42:26,680
Speaker 1: all these things can be done and this Is done

869
00:42:26,680 --> 00:42:29,960
Speaker 1: through insurance and it's done. Through an advisory so it

870
00:42:29,960 --> 00:42:32,319
Speaker 1: means one hundred percent liquid. These are things that we

871
00:42:32,320 --> 00:42:34,560
Speaker 1: can add, in the portfolio so because this gentleman's seventy

872
00:42:34,640 --> 00:42:37,160
Speaker 1: years old he obviously doesn't have. Time to make up

873
00:42:37,239 --> 00:42:39,480
Speaker 1: for a. LOSS in, THE market these are things that

874
00:42:39,520 --> 00:42:41,000
Speaker 1: we add i, mean i can give you an example,

875
00:42:41,040 --> 00:42:43,440
Speaker 1: out A client a prospect that. WE'VE been, talking, about

876
00:42:43,800 --> 00:42:46,920
Speaker 1: and i made the, same recommendation I said. LOOK if

877
00:42:46,920 --> 00:42:49,439
Speaker 1: we can DO this YOU, KNOW i can i can

878
00:42:49,520 --> 00:42:52,200
Speaker 1: control your. R and ds i can lock in your

879
00:42:52,600 --> 00:42:54,640
Speaker 1: your gains i can give you that a state. Lock

880
00:42:54,840 --> 00:42:57,279
Speaker 1: and give you all the things that you. Need and

881
00:42:57,320 --> 00:43:00,239
Speaker 1: then guess what folks on your, requirementum distribution and if

882
00:43:00,280 --> 00:43:02,560
Speaker 1: some of this is qualified money YOU can turn around

883
00:43:02,560 --> 00:43:04,080
Speaker 1: and put that. Into a row hira and get, it

884
00:43:04,080 --> 00:43:06,400
Speaker 1: income tax free so THERE are many different things and

885
00:43:06,440 --> 00:43:08,280
Speaker 1: that's the things that. I would make for this individual

886
00:43:08,280 --> 00:43:10,200
Speaker 1: in terms of recommendations.

887
00:43:10,280 --> 00:43:12,600
Speaker 3: Tell you there are a lot of scenarios out there

888
00:43:12,640 --> 00:43:15,160
Speaker 3: and you've got your own, and the, opportunity to, come

889
00:43:15,200 --> 00:43:18,480
Speaker 3: in and talk about it no cost no obligation. And

890
00:43:18,640 --> 00:43:20,640
Speaker 3: just see IF you're on track for. Your retirement get

891
00:43:20,640 --> 00:43:23,759
Speaker 3: that portfolio x ray done, for you it's ongoing during

892
00:43:23,800 --> 00:43:26,160
Speaker 3: the course of the show simply call. Five six two

893
00:43:26,320 --> 00:43:28,719
Speaker 3: two six' nine One Zero zero seven that'll get You

894
00:43:28,760 --> 00:43:31,440
Speaker 3: on the calendar with greg ramirez and his team at

895
00:43:31,480 --> 00:43:34,560
Speaker 3: advisors on. Call, five six, two two. Six' nine one

896
00:43:34,640 --> 00:43:37,880
Speaker 3: zero zero seven again, no cost no obligation see if.

897
00:43:37,880 --> 00:43:40,080
Speaker 3: YOU'RE on track for your retirement get that Portfolio, x

898
00:43:40,160 --> 00:43:42,960
Speaker 3: ray done i want to jump to the last. Scenario

899
00:43:43,080 --> 00:43:46,400
Speaker 3: greg and here it is delaying retirement due to economic

900
00:43:46,520 --> 00:43:48,960
Speaker 3: uncertainty we have a sixty four year old in this,

901
00:43:49,080 --> 00:43:52,880
Speaker 3: scenario planning to retire this year seven hundred and eighty.

902
00:43:52,960 --> 00:43:57,759
Speaker 3: Thousand saved but is reconsidering because of inflation and also

903
00:43:57,840 --> 00:44:02,040
Speaker 3: market volatility working two few more years could Mean Another one.

904
00:44:02,120 --> 00:44:05,520
Speaker 3: Hundred and twenty, thousand in. Savings and a higher, social

905
00:44:05,560 --> 00:44:09,839
Speaker 3: security benefit they're burned out but nervous burned. Out at

906
00:44:09,840 --> 00:44:13,080
Speaker 3: work but they're nervous about stepping away during uncertain. Times,

907
00:44:13,320 --> 00:44:18,400
Speaker 3: how do you help someone weigh. Emotional readiness against financial timing.

908
00:44:19,360 --> 00:44:22,080
Speaker 1: Well we give them the right diversification we show them.

909
00:44:22,560 --> 00:44:25,000
Speaker 1: By Giving a portfolio x ray that they're actually in

910
00:44:25,040 --> 00:44:27,399
Speaker 1: good shape now i'm. Going to assume, here that they own.

911
00:44:27,480 --> 00:44:31,320
Speaker 1: Their house for and Clear it doesn't say but let's assume, that,

912
00:44:31,760 --> 00:44:33,640
Speaker 1: and the reason why i'm. Going, TO say that is

913
00:44:33,680 --> 00:44:38,040
Speaker 1: because folks your, house is another asset now i. Assume

914
00:44:38,080 --> 00:44:41,240
Speaker 1: that this individuals is single because we're only talking about.

915
00:44:41,239 --> 00:44:43,600
Speaker 1: Them so. They, have seven hundred and eighty Thousand dollars

916
00:44:43,600 --> 00:44:46,520
Speaker 1: to save great job. Now The average home here in

917
00:44:46,560 --> 00:44:49,040
Speaker 1: california is about. A million bucks so i'm going to

918
00:44:49,040 --> 00:44:51,000
Speaker 1: assume they have a home seems to me like one

919
00:44:51,040 --> 00:44:52,480
Speaker 1: of these people that. Probably, have lived, in, their home

920
00:44:52,520 --> 00:44:54,960
Speaker 1: for thirty years is paid off well guess what folks

921
00:44:55,320 --> 00:44:58,640
Speaker 1: if you're. Worried about that other one twenty take it

922
00:44:58,680 --> 00:45:00,680
Speaker 1: out of your Home we have things that are. Called

923
00:45:00,719 --> 00:45:02,840
Speaker 1: and these are things that i've been telling. People To

924
00:45:02,960 --> 00:45:05,120
Speaker 1: use i'm not going to say do a reverse mortgage

925
00:45:05,200 --> 00:45:07,200
Speaker 1: what i'm going to say is that. You can do

926
00:45:07,239 --> 00:45:10,680
Speaker 1: what's called a partial equity takeout of that home so,

927
00:45:11,000 --> 00:45:13,360
Speaker 1: you have a home four million bucks and, you have

928
00:45:13,440 --> 00:45:15,920
Speaker 1: a shortfall you can. Take up To five hundred thousand

929
00:45:16,320 --> 00:45:19,759
Speaker 1: have no payments for thirty years guess what now, You

930
00:45:19,840 --> 00:45:23,319
Speaker 1: HAVE an estay that's close to one point three million

931
00:45:23,400 --> 00:45:27,040
Speaker 1: dollars and i take the equation of you don't. Have

932
00:45:27,080 --> 00:45:28,920
Speaker 1: to work another eighteen months because you don't want your

933
00:45:28,960 --> 00:45:32,000
Speaker 1: job now you, can retire on your time. And You

934
00:45:32,080 --> 00:45:34,239
Speaker 1: work because you want to not because. You have to

935
00:45:34,520 --> 00:45:36,560
Speaker 1: now i'm going to take that A step further we're

936
00:45:36,560 --> 00:45:38,640
Speaker 1: going to, give you the right diversification because i'm going

937
00:45:38,680 --> 00:45:40,719
Speaker 1: TO consider. This individual it's probably sitting in. A four

938
00:45:40,760 --> 00:45:43,919
Speaker 1: to one k plan let's do an in service rollover let's.

939
00:45:43,960 --> 00:45:46,480
Speaker 1: Take that money and let's put those. Pieces in the

940
00:45:46,520 --> 00:45:49,239
Speaker 1: right places let's, Give you the income for, life let's

941
00:45:49,280 --> 00:45:51,960
Speaker 1: give you the alternative investments. Let's give you the equities

942
00:45:51,960 --> 00:45:54,120
Speaker 1: and let's give you the interval funds this is something

943
00:45:54,160 --> 00:45:54,440
Speaker 1: THAT you're.

944
00:45:54,480 --> 00:45:54,560
Speaker 3: Not.

945
00:45:54,600 --> 00:45:56,040
Speaker 1: Going to get instead of your four to one k

946
00:45:56,120 --> 00:45:58,880
Speaker 1: plan folks. That's why it's important that this, individual do

947
00:45:58,920 --> 00:46:01,719
Speaker 1: an in service rollover we give you that, proper diversification

948
00:46:01,800 --> 00:46:03,640
Speaker 1: and if you decide to, work a little bit longer

949
00:46:04,520 --> 00:46:06,680
Speaker 1: you're only working because you want to and you have

950
00:46:06,800 --> 00:46:09,440
Speaker 1: things that are, going to be working for you so

951
00:46:09,480 --> 00:46:11,279
Speaker 1: that when. You do retire YOU'RE going to be in

952
00:46:11,320 --> 00:46:13,600
Speaker 1: a very good situation and that's what i would do

953
00:46:13,640 --> 00:46:13,920
Speaker 1: For This.

954
00:46:13,920 --> 00:46:18,200
Speaker 3: Individual opportunity right now to get on. The counter with greg,

955
00:46:18,280 --> 00:46:21,120
Speaker 3: ramirez and his team, and advisors on call THESE are.

956
00:46:21,120 --> 00:46:24,560
Speaker 3: No costs no obligation appointments again you'll get that portfolio

957
00:46:24,760 --> 00:46:27,880
Speaker 3: x ray bring Your scenario. To this meeting and have

958
00:46:28,040 --> 00:46:31,080
Speaker 3: this kind of conversation with greg again the number. To

959
00:46:31,120 --> 00:46:33,799
Speaker 3: call five six two two six nine one zero zero.

960
00:46:33,920 --> 00:46:36,960
Speaker 3: Seven that's five six two, two six', nine one zero,

961
00:46:37,120 --> 00:46:40,680
Speaker 3: zero seven in a time of uncertainty you want clarity you.

962
00:46:40,719 --> 00:46:43,040
Speaker 3: Want confidence you want peace, of mind as you. Head

963
00:46:43,040 --> 00:46:45,319
Speaker 3: off into retirement and. If you're already there get that

964
00:46:45,360 --> 00:46:48,760
Speaker 3: second opinion we offer. That right now five six two

965
00:46:48,800 --> 00:46:51,759
Speaker 3: two six' nine one. Zero zero seven That's five Six

966
00:46:51,840 --> 00:46:55,399
Speaker 3: two Two six nine one zero. Zero Seven Another edition

967
00:46:55,400 --> 00:46:58,400
Speaker 3: of advisors On. Call with gregmirez is in the books

968
00:46:58,400 --> 00:47:01,000
Speaker 3: i'm morgan Patrick Filling in For. Jackie's LBC's back next

969
00:47:01,000 --> 00:47:02,719
Speaker 3: week see on The Radio.

970
00:47:02,560 --> 00:47:03,920
Speaker 1: A good week in folks.

971
00:47:10,920 --> 00:47:13,320
Speaker 2: The Investment advisory services are. Offered through greg, Ramirez That

972
00:47:13,400 --> 00:47:15,080
Speaker 2: advisor's on call, a california state.

973
00:47:15,160 --> 00:47:15,840
Speaker 3: Registered investment.

974
00:47:15,880 --> 00:47:18,759
Speaker 2: Advisor during the show greg ramirez provides general information. Not

975
00:47:18,840 --> 00:47:21,719
Speaker 2: individually targeted personalized advice is not liable for the usage

976
00:47:21,760 --> 00:47:24,480
Speaker 2: of information discussed exposure to ideas and products or services

977
00:47:24,480 --> 00:47:27,200
Speaker 2: should not be considered. Investment advice or a recommendation to

978
00:47:27,239 --> 00:47:29,800
Speaker 2: buy or sell any of. These financial vehicles this information

979
00:47:29,800 --> 00:47:32,560
Speaker 2: should also not be considered tax, or legal, advice individuals

980
00:47:32,600 --> 00:47:35,080
Speaker 2: should consult the professionals specializing in the fields of. Tax

981
00:47:35,200 --> 00:47:38,440
Speaker 2: legal accounting or investments regarding the applicability of. This information for,

982
00:47:38,520 --> 00:47:41,240
Speaker 2: their situation past, performance is not a guarantee of future

983
00:47:41,239 --> 00:47:43,520
Speaker 2: results investments will fluctuate and when redeemed it may be

984
00:47:43,600 --> 00:47:45,960
Speaker 2: worth more or less than when originally investment in any

985
00:47:46,000 --> 00:47:48,760
Speaker 2: comments regarding safe. And secure investments and guaranteed income streams

986
00:47:48,800 --> 00:47:50,799
Speaker 2: prefer only to fix the insurance. Products they do not

987
00:47:50,840 --> 00:47:53,600
Speaker 2: refer in Any Way, To Securities or investment advisory SERVICES

988
00:47:53,640 --> 00:47:56,480
Speaker 2: fixed churance products are offered by greg ramirez california insurance

989
00:47:56,480 --> 00:47:59,160
Speaker 2: licensed number zero c three three four three five