RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:00:00]
ANNOUNCER: You found it, it’s your safer place for retirement planning. Prepare to be coddled in pure fiduciary goodness with your host and president of Decker Retirement Planning, Mike Decker and his co-host, Scott Drake. This is Safer Retirement Radio, if you’re in or near retirement, listen up and learn about how a math-based principal-based approach to retirement that is designed to help you enjoy a safer retirement. These strategies are to help protect and grow what you’ve saved and live the life you want today. So grab a pen because your safer path to retirement planning starts now. Here’s Mike and Scott.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:00:41]
MIKE: Hey everyone, welcome to Retirement Radio or Safer Retirement Radio, so glad we have you here. Folks I want to… before Scott joins us in the studio today we’re gonna talk about patterns. And I don’t mean patterns like, okay, square triangle, square triangle, and that, I’m talking about patterns that if you do this then this happens, if you do this, then this happens. You can’t pick up one side of the stick without picking up the other side. There some things that are just inseparable and there’s a lot in retirement that I think a lot of us are missing here. So hopefully we can lend some clarity to that, and I’m gonna really be diving into that in this first bit of… before we get started on the show today.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:01:22]
MIKE: A real big theme for today though is going to be about a, supposably recession coming. And I say supposably because we don’t really know. No one knows what the future is, but what’s interesting is when we start talking about a recession is tends to be a self-fulfilling prophecy. I mean the projection of fear makes fear in itself. What I mean is, if we’re gonna talk about a recession we’re more skittish. And if we’re more skittish then we’re more likely to have a recession.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:01:52]
MIKE: Now I know there’s a lot of other economic indicators that are out there in professional and experienced investors should be able to, and I say should, it’s a really big should, should be able to wage their self through the financial turbulence that we face, and I’m with them. I do think that there is a recession that could be coming. I’m not here to say I told you so, but folks, we’ve been saying this whole year that the markets are really high and it doesn’t seem sustainable and a crash or a recession could happen.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:02:25]
MIKE: If you’re unaware of how that’s gonna look like, think about 2008 or 2000, 2001, and 2002. It seems like we have more similarities to being in a 1999 situation to when markets may roll over and be a two or three year recession, very possible, but not a sure thing. Future performance is not indicative of historical performance, history doesn’t repeat but it surely does rhyme. Well I’ll talk about that here. Got a big announcement really quick before we dive in, at deckerretirementplanning.com for all my podcast listeners and radio listeners, we just started a newsletter.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:03:01]
MIKE: If you go to our website, deckerretirementplanning.com and you scroll all the way to the bottom, you can subscribe no cost to you, we’re writing some great articles, market commentary every single week. We’ve got a fiduciary note, someone speaking to you frankly, but with love, on how to address all sorts of topics in retirement, not just financial but health concerns retirees should be aware of, estate planning. These are just the gray area of issues we want to address with people ass purebred fiduciaries, and even we’ve got some articles. I just actually wrote one for fun, had my hand in this, about five breakfasts.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:03:39]
MIKE: Five breakfast ideas that your grandkids will love, fun article, one of them I’ll give you a little tip it’s how to incorporate cereal into your waffle batter that creates this incredible waffle. That, it’s so simple, but grandkids go crazy over, they just love it, Lucky Charms within your waffles. Anyway this is a financial show, let’s stick back to it. But when it comes to retirement it’s not just finances it’s your life. Your lifestyle, your friends, your family, all of that is why we’re talking about financials today, why we’re talking about the markets today, and why we’re talking about how to help protect yourself from recession.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:04:15]
MIKE: And a big reason why, I read this article recently it was a Kiplinger article, which Kiplinger’s got a great resource, and the article was talking about how many… the question is how many vanguard index funds do you really need to be successful in retirement. And the guys conclusion was, you just need two. And I stood up when I read this, I thought, this is ridiculous. First off it goes off this buy and hold mentality that retirees can just buy and hold on the ups and downs of the markets. Two, vanguard funds, when you need to draw income from these it makes no sense, especially when one of them, in the 2008 crash… and it didn’t exist in 2000 so I couldn’t grab the metrics there.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:04:57]
MIKE: But it took two years to recover. When I say two years to recover, basically recover, it took about 2013 from 08, so about five years to recover. And then the other one as well, it took about five years to break even, assuming, assuming you’re not taking income from those assets, and if you are it’s gonna be much longer. It doesn’t make sense for a retiree to take this kind of risk, it doesn’t at all. Absolutely ludicrous to think that you can buy and hold and do the four percent rule guessing game and take yourself through retirement. It’s called sequence of return risk, look it up, google it, or if you’re against google because of whatever political frustration you had with google, yahoo, duckduckgo, whatever it is.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:05:40]
MIKE: But very popular term that most retirees are unaware of when it comes to the ramifications that it has on your income. This is lifestyle changing folks. Lifestyle changing because just like in 2008 when the markets crashed it changed how people were able to live. If you’re unaware of how this happens, google it, you can go on our website, it’s the first principle that governs proper retirement planning, never draw income from a fluctuating account. We call it financial suicide, historically it’s accurate, this is math-based principle based data folks. You can go on our website and download that for free if you want, principals that govern proper retirement planning, but I’ll get back to the show here real quick.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:06:23]
MIKE: A lot of people when they understand sequence of return risk are then sold by insurance salesmen who are doing income annuities with writers that they’re averaging about 1.8 percent average return if you turn the writer on. And if you don’t, I just saw one this week that had caps of 2 percent. As in, it is impossible for someone to earn more than 2 percent a year. Let’s not make fear-based decision, let’s make math-based principal-based decisions. If you want principal guaranteed accounts they should be earning, gosh, 6 or 7 percent at least, or else you’re locking your funds up into something that just doesn’t make sense.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:07:02]
MIKE: We’re gonna talk about it all on the show today, I’ve got a segment dedicated to risk and understanding risk. Then we’re gonna be talking about volatility and understanding what volatility is, because there is good volatility and there’s bad volatility and we need to understand the differences there, and then I’m gonna end the show with Scott on safer investments. I’m not talking about income annuities or variable annuities but there are a lot of investments out there and I just want to get you this information so you can make the right decisions for you. Because when it comes down to it folks, this is your retirement and you should only retire once. What is that, not YOLO, YORO, anyway.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:07:41]
MIKE: You should only have to retire once and be able to protect your lifestyle. To live the retirement that you’ve dreamt of. And you can do that when you take a math-based approach and a principal-based approach to retirement. You can learn more about this at deckerretirementplanning.com. And for my long time podcast listeners around the nation, I know we only air this on the radio in the western side of The United States, don’t be afraid to call us. We get calls all over the nation, even from places back east, and say, well I can’t fly to you, that’s fine. We do digital visits with those who are looking to… looking for a safer retirement.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:08:18]
MIKE: They’ve accumulated and they’ve done a great job accumulating, but that doesn’t mean that your accumulation specialist can be your distribution specialist. We specialize in retirement planning, that’s all we do, only thing we do, and I would say we are dang good at it. Anyone that wants to call in right now, if you’re 55 years or older and have at least 300 thousand of assets saved up for retirement you can spend up to 90 minutes with us. If you want to do it in person it’s 90 minutes, over the phone, 30 minutes, for some people, 90 minutes if you want to request it. Where we can dive into the details of proper retirement planning.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:08:54]
MIKE: And it’s information gathering, no decisions are made in that visit. No cost, don’t bring your checkbook, it is just information gathering so you can understand the lay of the land as it actually is. Call right now 833-707-3030. That’s 833-707-3030. When you call in, they’ll gather your information so we can schedule a time, reach out and schedule a time for that visit. Or you can go to deckerretirementplanning.com sign up for the newsletter, and you can also sign up for the Decker 30 review where we show you the next 30 years of your retirement and how it can be a safer retirement. How you can focus on what matters most to you, regardless of if the recession happens or not.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:09:38]
MIKE: We’re talking about two [INAUDIBLE] that can make money. Since the S&P since mid May it’s been about 2 percent or so, we’ve done about 6 percent or so, that’s a big different. We want to talk about these things, we want to open the doors and show you what your financial professional may not be telling you. Because all things considered retirement planning is vast and we’ve got to cover the topics correctly. Stay tuned, we’re gonna take a quick commercial break in just a moment, we’re gonna dive right into what risk is and how retirees should be able to understand it, stay tuned.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:10:08]
COMMERCIAL: Have you ever wondered how financial professionals can tell you how much income you can take each year of your retirement by looking at a pie chart. At Decker Retirement Planning, we feel the same way. Stop guessing on your retirement income and get some clarity with a safer distribution plan. With our proprietary algorithms that make up a safer distribution plan we can show you down to the month, net of tax, how much you can spend with a cost of living adjustment for your entire retirement. With this level of clarity you can start enjoying all of your hopes and dreams while taking care of your wants and needs in your retirement. We developed a safer distribution plan for the sole purpose of helping folks like you enjoy a full retirement.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:10:48]
COMMERCIAL: If you’re 55 years of age or older and have at least 300 thousand dollars saved up for retirement call 844-404-3325 today for your safer distribution plan at no cost to you. Call 844-404-3325 or visit us at deckerretirementplanning.com. If you could retire now would you, would that knowledge make your last few years at work more enjoyable. At Decker Retirement Planning we’re helping people retire years before they thought they could.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:11:18]
COMMERCIAL: This is done with our proprietary algorithms that make up a safer distribution plan. See how much you can spend, down to the month, net of tax, for your entire retirement, with a cost of living adjustment each year as if you were retired today. Get the transparency you deserve so you can make the best decisions for you and your family. Don’t miss out on the lifelong memories you could’ve enjoyed because you felt trapped by your paycheck. If you are 55 years or older and have at least 300 thousand dollars saved up for retirement call Decker Retirement Planning today. At 844-404-3325 and get a safer distribution plan at no cost to you. Call 844-404-3325. 844-404-DECKER, or visit us at deckerretirementplanning.com.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:12:05]
ANNOUNCER: What do these things have in common, training wheels, hugs, your fondest childhood memory, a seatbelt, and Decker Retirement Planning, they’re all things that make you feel safer of course. Now back to the show.
SCOTT: Welcome back this is Safer Retirement Radio, I’m Scott Drake along with my co-host, he’s the president of Decker Retirement Planning and the people behind this entire broadcast, Mike Decker. Mike, thanks for joining us today.
MIKE: Hey, Scott, thanks for being her with me, we’ve got so much to talk about as always. So should we dive right into some good content here.
SCOTT: Well yeah and I think what we’re gonna talk about in this segment is risk. Which is a confusing topic for people because I think people have an idea of what risk is, usually it’s related to market risk, but there’s a lot of other things going on, right?
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:12:50]
MIKE: Risk is, you know, it’s funny you say that Scott, because risk in itself is a scary term, right? And we think about risk as a whole, it tends to be stress or anxiety or a number of different emotions. But if we look at it mathematically or just quantitatively speaking, risk is just, could it lose money. Now of all the risks that are in retirement, we’re talking about spousal risk, we’re talking about interest rate risk, if we can focus on just one at a time… we don’t have enough time to cover all the different risks here, market risk I think is the most talked about subject when it comes to retirement planning.
SCOTT: Mm-hmm. I would agree.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:13:28]
MIKE: Markets crash, right. Markets can lose funds. I think all of us, especially those listeners can agree that markets can lose money, markets can lose funds, but what does it mean for a retiree. I think we can all agree that very risky portfolios does make sense, but having no risk, it’s really hard in today’s environment to live off the interest rate. The Fed, they keep talking about lowering rates, what in the world, that’s a tough things to do, right?
SCOTT: Right.
MIKE: So when we look at risk, let’s understand what’s an appropriate amount of risk and what’s an appropriate way to take risk. The second one most people aren’t talking about enough in my opinion. So what is risk? Could it lose money.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:14:11]
MIKE: That’s with every investment, almost every investment. Any investments securities, you know, there’s stocks there’s bonds, there’s mutual funds… bond funds I should say, not bonds, unless they go bankrupt, which is another kind of risk. But when it comes to risk, what is the kind of risk that you’re taking. The biggest and most popular mitigation tool when it comes to risk is the asset allocation theory, or just simply diversification. Can we talk about that for a moment Scott.
SCOTT: Well yeah, because I think you have a unique approach to diversification, if I might be so bold.
MIKE: It’s true. Let’s talk about what the industry is mostly doing and then let’s talk about what we as purebred fiduciaries, who are math-based, principal-based, think is a better option, okay.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:14:56]
MIKE: First and foremost, diversification… perfect diversification has no risk. Which means it doesn’t lose money, but it also can’t make money. We all have to take some sort of inherent risk to be able to make money, that’s just how it is. Now the idea to diversify yourself out of risk and buy and hold is a fool’s errand, it’s almost like prediction error. I’ve got a good diversified portfolio so I should be able to ride the markets going up, but it’s diversified so they shouldn’t go down. Scott if you pick up one side of the stick, you’re gonna pick up the other side of the stick, right? You can’t have one without the other, you can’t have your cake and eat it too.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:15:38]
MIKE: You’re gonna have risk. And if markets crash every seven or eight years, which they typically do historically speaking, the next market crash, those who have diversified themselves into this idea that it can make money but shouldn’t lose that much money is kind of… I don’t want to say ignorant that’s a very mean way, but it is ignorance. It is wishful thinking, it’s prediction error. So when it comes down to the idea of simply diversifying, let’s talk about a better way of diversification.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:16:08]
MIKE: Let’s talk about something that most people don’t know that’s even out there. The traditional term would be called an absolute return model. We call them two sided models, I hate the industry’s jargon, I like to simplify things if possible for people. Two side models, they’re made… they’re designed to make money in the up years while helping protect your assets in the down years. Now Scott didn’t I just talk about you can’t have your cake and eat it too?
SCOTT: You did.
MIKE: Let me explain how this works.
SCOTT: Okay.
MIKE: Quantitative algorithms can pick up on market indicators very quickly. Computers tend to think faster than us. If anyone’s worked in Excel, you see that first hand.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:16:47]
MIKE: So when it comes down to these algorithms picking up on market indicators they can find trends, patterns in the markets and be able to tell you what to buy, when to buy and when to sell. Once of the biggest studies ever done on Wall Street, It’s in the book What Works on Wall Street, if you look on the index in the back, the top performing models were these two sided models. Isn’t it interesting though most people have never heard about them. Scott, why do you think that is out of curiosity?
SCOTT: I have no idea, because if it works why wouldn’t it be common knowledge.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:17:19]
MIKE: No I’ll admit operationally it’s very difficult to do. We had to build our own technology to be able to make this available for all of our clients. So yes it is a huge issue. And for the hedge funds and the minimum account managers that have to have 2 million dollars or higher just to be able to invest with them, they use this all day long. But for the common American who maybe has 500 thousand dollars, or a million dollars in their portfolio of their assets saved at retirement, it kills me to think that the common person, the average person shouldn’t have access to this. The absolutely should have access to this.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:17:56]
MIKE: So what we did is we went around and we paid a lot of money to Theta, Timertrac, Morningstar, these large data bases, we found the best managers, we built relationships with them. And when I say the best managers I mean historically speaking. And then we made it available to the average person. That’s huge. Let’s get rid of this buy and hold, this guessing, this diversification where you can’t have your cake and eat it too and let’s build… let’s just redo the whole field, let’s reframe the whole process and get people access to something that’s designed to make money on up years and protect your assets on the down years.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:18:35]
SCOTT: Well let me ask you this. So using 2008, which for some might be a distant memory, but it’s something that we need to keep in our heads right?
MIKE: Well we’re a bit… we’ve got some errors with history because we forget… we have a short term memory with history, we’ve had a great bull market until the next crash.
SCOTT: So using what you just talked about, two sided models, people using that model in 2008, what happened?
MIKE: So this is a great question Scott because diversification is important with all aspects, especially with these models having just one manager or one sector or one ideal.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:19:11]
MIKE: Like, let’s say, only you’re gonna invest on… let’s say you’re gonna get an algorithm based on the qqq symbol, okay. That’s not diversification, that’s all chips on one idea and one algorithm, you’ve got to diversify. We believe you should diversify by sectors. So we’re able to do, sure, S&P and the NASDAQ and then we can look at gold and silver as a different sector. We can look at treasuries, we can look at oil, we can diversify by sector and have different managers, different algorithms that are two sided to be able to help with this.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:19:46]
MIKE: The reason why, the managers we’re producing, they collectively were able to make money is because they were able to diversify by sector, not just all the eggs in one basket. So sure, we didn’t make a lot of money in 2008, but we didn’t lose money collectively speaking with these managers. I don’t know a single other firm to date that can make that claim.
SCOTT: Last couple of minutes here talking about risk in a portfolio, it’s not uncommon for somebody to get close to retirement… it’s pretty common knowledge that risk tolerances need to adapt and need to change, is that correct?
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:20:25]
MIKE: Absolutely. Well when you’re in your accumulation phase you can take more risk because you’ve got a paycheck coming in and you’ve got more years to be able to recover should it happen. For example, if the market tanks 40 percent, without touching your portfolio, according to Morningstar it would take about 6 years or so to break even. You don’t have that kind of time in retirement. So our argument is two sided models which are very aware and designed to make money in the up years and protect your assets in the down years.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:20:57]
MIKE: Doesn’t it make sense to have something more reactive like that, more aware than just buy and hold and ride the stock market roller coaster. I mean historically speaking, and then as a math-based principal-based firm, we did a lot of work to make this available because we want to help our retirees enjoy a safer retirement. We want to make sure that they have access to the kind of risk they need to be able to enjoy the retirement that they set out to do. You can’t do that, in our opinion, by a buy a hold strategy, you have to be proactive and get the right tools in front of you.
SCOTT: Again, why doesn’t everybody do this?
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:21:34]
MIKE: Operationally it’s difficult, and also… so we’re purebred fiduciaries right, we’re independent, people pay us for our advice and we’re legally bound to do what’s in your best interest, okay we can’t accept security commissions. What financial professional, the series 7 license, that makes money on commissions is gonna recommend a manager or an algorithm that tells you what to buy, when to buy, and when to sell it, they’d lose their job. Very few people are like us that set our business up to be able to make this available to the general public, to all those who are retired or near their retirement.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:22:09]
SCOTT: Mm-hmm.
MIKE: Job security. I mean that’s one of the main reasons why it comes down to it. Are they bad people for not recommending it, no, most financial professionals I have found, aren’t even aware of it because the company they’re working for lets them drink the Kool-Aid all day long, says, this is good, just keep doing what you’re doing, put the blinders on. And it just makes me sick, it really does. Because, I mean I remember the devastation of 2008, I remember the devastation of 2000, 2001, 2002. I remember when Iraq invades Kuwait. Market crashes typically happen and catch us by surprise.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:22:46]
MIKE: Having that kind of situation, that kind of risk. Knowing that, sure, if something happens in Iran, if something happens in North Korea, if China does something and the markets crash, I just have to suffer through it, it just doesn’t make sense. Retirement was not meant to be lived with that kind of stress.
SCOTT: I would like to give everybody listening the chance to get in front of the Decker team right now. And I want you to explain the Decker 30 review, because this is unusual and it’s really really cool.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:23:14]
MIKE: Well the Decker 30 review, we built it around the idea to get you the transparency that you deserve. And we’ve been talking about the risk models, yeah, if you’re gonna call in, sure we’re gonna open up all the books and with the risk manages we’re using we’re gonna show you third party verified data on what they’ve been doing, so you can see for yourself. Not our opinion, not our interpretation but Timertrac, Theta, all these third party verified sources of what they’ve been doing. But not only that, you’ve got to have a proper retirement plan, so we do go over a safer distribution plan, which we didn’t really talk about today.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:23:51]
MIKE: We didn’t talk about a lot of the different aspects here, but when it comes down to it folks, the Decker 30 review has purebred fiduciaries, are able to review what you’re currently doing and then show you options so you get the transparency you deserve and can make a decision that you’d want to make.
SCOTT: To get your review call in now at 833-707-3030. Hence the number, 833-707-3030. You can go to deckerretirementplanning.com and click on get started. This is Safer Retirement Radio.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:24:19]
COMMERCIAL: With the new Trump tax plan in effect, are you receiving the benefits. Have you taken the time to implement new tax minimization strategies in your retirement plan. At Decker Retirement Planning, as purebred fiduciaries, we look at your tax situation, investment tax qualification and types, and plan for tax minimization that can benefit you for life. Don’t fall into the many tax traps that so many unfortunately discover after it’s too late. Our tax scope analysis allows us to review your retirement plan and help minimize your taxes while increasing your retirement income. Don’t leave thousands on the table because of an incomplete retirement plan. If you’re 55 years of age or older and have at least 300 thousand dollars saved up for retirement…
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:25:00]
COMMERCIAL: Call 844-404-3325 for your no cost tax scope analysis. Not only can this benefit you throughout your retirement, but you’re beneficiaries will also be incredibly grateful. Call 844-404-3325 or visit us at deckerretirementplanning.com. Have you ever wondered how financial professionals can tell you how much income you can take each year of your retirement by looking at a pie chart. At Decker Retirement Planning, we feel the same way. Stop guessing on your retirement income and get some clarity with a safer distribution plan. With our proprietary algorithms that make up a safer distribution plan we can show you down to the month, net of tax, how much you can spend with a cost of living adjustment for your entire retirement.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:25:43]
COMMERCIAL: With this level of clarity you can start enjoying all of your hopes and dreams while taking care of your wants and needs in your retirement. We developed a safer distribution plan for the sole purpose of helping folks like you enjoy a full retirement. If you’re 55 years of age or older and have at least 300 thousand dollars saved up for retirement call 844-404-3325 today for your safer distribution plan at no cost to you. Call 844-404-3325 or visit us at deckerretirementplanning.com.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:26:18]
ANNOUNCER: We told you we’d be back, and here we are. Back, safe and sound, ready for more knowledge for a safer retirement, here’s more Safer Retirement Radio with Mike and Scott.
SCOTT: So welcome back, you stumbled upon us, Safer Retirement Radio powered by Decker Retirement Planning. The number is 833-707-3030. Every week we talk about retirement planning elements, the importance of developing a plan, you know, for your retirement going forward. And if you’re 55 years of age or older, if you’re within five years of retirement that is the time to start really thinking seriously about it. You can also check out more information at deckerretirementplanning.com.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:27:01]
SCOTT: Again the number is 833-707-3030. Mike Decker is joining me, I’m Scott Drake in the studio. When you guys build a plan, it’s custom, right, because everybody is different. It’s not a cookie cutter thing that you guys do is it?
MIKE: No it’s not. It’ custom to the needs that the individual person wants. And when I really talk about customization, I think we’re really talking about legacy, the memory you want to live and leave. When I say live and leave, I really mean, while you are alive, being able to create the memories of taking the kids and grandkids on a cruise or a family reunion or a trip or something like that.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:27:39]
MIKE: I remember my grandpa once took the entire extended family, everyone, to a dude ranch, I’ll never forget it. It was such a fun week of my life, and I’ll never forget him. So I almost tear up about it actually, it was such a great moment.
SCOTT: I can see why, yeah.
MIKE: But my grandfather did that and I am so grateful for that. When it comes to live your legacy and then leave your legacy, those are important topics that should be had. Now if you want to leave assets to your beneficiaries, your kids, we should be talking about that.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:28:11]
MIKE: If your philosophy is, I didn’t get anything from my parents, my kids will work for everything and we’re gonna spend every dime. And I want, as they say, my last check I write to bounce, right when I die, whatever this phrase is, that’s fine as well. Whatever you want to accomplish in your retirement should be able to be accomplished. Scott I want to talk about a really unique plan if that’s okay.
SCOTT: Yeah.
MIKE: It’s a very hot topic, and I’m not getting political here. Student dept is a big deal. It’s a big deal.
SCOTT: Yes it is.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:28:44]
MIKE: Now I feel for all of those who felt that they had to go to college, get a degree and enter the work place and the pickle that they’re in. Okay there’s no judgement happening here, I get that. Growing up, my grandma who was a school teacher, she’s an educator, put herself through school by going to school one year and working the next year, it took her a long time to go through school but she taught me the principal of staying out of dept. I did a similar activity while I was going to school and I didn’t have to take any student loans, I feel very fortunate of that, most people are not that fortunate or didn’t end up in that situation.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:29:18]
MIKE: We’ve got a client actually that came in, he’s a little bit older, he has a little bit of a younger wife, okay, which is fine. They love each other, they’ve got a really wonderful relationship, it just happened to be that way, and I believe it’s the first marriage as well so it’s not like any weird situation, it’s a very… and I don’t want to have any judgement actually I feel bad [LAUGH] I feel like I’m digging myself a hole here.
SCOTT: No it’s perfectly fine everybody.
MIKE: I’m just trying to say that everyone has love at different times in their life.
SCOTT: Sure.
MIKE: And they have kids, and though this client is 72 years old his kids should be going to college in the near future. When I say, like in five or six years. Okay. And he, who loves his kids, he really truly loves his kids…
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:30:00]
MIKE: Very savvy investor, wants to make sure that, not only is his retirement income able to be taken care of, but he can invest appropriately and help pay for his kids schooling. Now at the time, he didn’t really have any 529s or [INAUDIBLE] or, you know, much of a plan there, this what a new topic on his mind. They’re entering middle school so it’s still a few years away, and wanted to be able to prepare accordingly with that. So in his plan, he’s already taken social security, he’s 72 years old, okay. His wife is a bit younger and won’t take social security for a significant time. But he’s got two pensions, one from Boeing and from another institution, which is great.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:30:40]
MIKE: And they’ve got earnings, his wife is working because she just likes to work, and we have his income mapped out, and he only needs so much. So what we did is we started making funds for their kids, because he’s gonna be alive when they’re in these moments of need and he wanted to set funds aside and have them grow in the appropriate manner with an appropriate instrument or vehicle that could then help support them through college and all these expense that are there. He’s trying to help them. Most people are not fortunate enough to be in this situation, but this couple, they’re able to do it and it was very important that they were able to do it.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:31:20]
MIKE: What brought him in. He came into a dinner event and he was very honest, I came to the dinner event honestly because my friend invited me and I was there to support it, that was it. No intention of signing up or anything like that, and that happens, but I loved his honesty.
SCOTT: Sure.
MIKE: When we started talking about two sided quantitative models his ears perked up. Very savvy investor, did a great job, he built his wealth to be… you know he was a millionaire, you know, over a million dollars of his assets, still at 72 and he’s been retired for a number of years. Did a great job, and that’s on top of his pension, and he didn’t take the lump sum, he kept his pension and just lives off that, and his social security.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:32:02]
MIKE: So when he heard about two sided models that have average around 16 and a half percent since 2000, and he had experience 2000, 01, and 02 and the financial ruin of that recession. And 2008 and the crash. He said, this is what I’ve been looking for, please tell me more, came right into the office, he came in the next morning I believe.
SCOTT: Really?
MIKE: If I remember right, because he was that excited. And he’s retired, you know, every day is Saturday for him. And came right in and said I want to see those third party verified results that you were talking about. We open the books, not only saw them, he saw the manager names we partnered with…
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:32:42]
MIKE: He saw their results, he saw it all. Went home and did his research, came back and said let’s keep going. Very fun conversation, but the cool part about it is, for his customized needs we had some of his investments which was great, and then he had some of his own investments. Savvy investor and he loved the investment game, but he wanted to divide up the management styles so that he had some diversification by management or manager, and he could still have a foot in the game. Some people love investing, it’s not a stress for them, it’s a game to them.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:33:21]
MIKE: And if that’s your case, by all means go for it, if that’s your passion, if that’s what fulfills you in retirement, absolutely. But if it keeps you up at night and stresses you out and prevents you from enjoying your retirement that’s when you need to probably make a change, but for him it was fun. So we had two different risk bucket accounts essentially that would grow, but what’s interesting is his account would be for the next 20 or so years, and then he said, by that point I’m done, I’m out the game, lump it with you guys. And the wife was ecstatic about that too, because she doesn’t get investing, it’s just not her forte, not her passion. We put in, and we had to do a compared analysis of the 529s the [INAUDIBLE] the accounts that he has.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:34:00]
MIKE: Most of his accounts were qualified accounts and to put a qualified account into a 529 or a [INAUDIBLE] that’s a very technical conversation, one that you have with your CPA. And then between us, your CPA, and you, then we decide what’s the best matter, the best result there.
SCOTT: And just for those listening to, explain the difference between qualified and non-qualified.
MIKE: Qualified, like your 401k, your RIA, these are assets that when you pull out they are taxable events. A ROTH is a qualified account that can grow tax free, but it comes out tax free. A non-qualified is like your checking account, your normal brokerage account that it’s there. So non-qualified assets and qualified assets, how you fund 529s [INAUDIBLE] these are great conversations to have.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:34:44]
MIKE: I just feel like there are too many questions to be had on the radio and if I start going down this path there may be misinformation and assumptions being made without the full conversation. So I would say if that’s a conversation you want to have to help your grandkids out, please come in so we can have the conversation and help alleviate student dept in the future.
SCOTT: And we’ll tell you shortly how do to that, but go ahead.
MIKE: But building a plan, being able to adjust these issues. We’ve had clients that wanted to be able to sail for the next 10 years of their retirement and then sell their boat and then not do that, and we incorporated that. We’ve had clients that wanted to do, with their local community church, one to two month missions here and there, the options are endless.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:35:27]
MIKE: The quirks and personalities we see are also assumed to be limitless. But the beauty of it, when you plan as a math-based, principal-based approach, with a math-based principal-based approach, you can really incorporate the specific needs and wants, hope and dreams you have in your retirement and be able to do it in a structured way that can give you some confidence when it comes to that time, whether you’re currently retired and need to make adjustments so you can stay retired, or if you’re nearing retirement and you can transition into retirement more appropriately.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:35:59]
SCOTT: And something to remember too, is as you get closer to retirement, you know again, in this particular scenario we have a lot of moving parts, but it’s not uncommon for risk tolerances that need to change. Because as you get closer to start taking income, we don’t want to be necessarily that susceptible, you know, to all that market risk, things going up and down. This goes back to that, taking income from a fluctuating account is typically a bad idea, not part of what you guys recommend.
MIKE: No, it goes against the first principal of retirement planning. Never, never draw income from a fluctuating account.
SCOTT: And I want to go back to something that you said, if you are investing now and you are getting close to retirement.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:36:40]
SCOT: Let’s just say you’re 55 years or older, you’ve got a few hundred thousand dollars in there invested, if you’re losing sleep at night because of what the stock market is doing, because of what the [INAUDIBLE] marks are doing, if all the news is bothering, there’s a lot of noise out there I’ve noticed. There’s trade talks and there’s, you know, China, and all that stuff. If all that is keeping you up at night, related to your investments then it’s probably a good idea to talk to somebody like Decker Retirement Planning because retirement should be, at least from the financial side, somewhat stress free.
MIKE: It should be the least amount of your worries when it comes to all the other things you just have to deal with.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:37:21]
SCOTT: All the other things.
MIKE: I mean, when you’re getting older, you start getting more tired, there’s more aches that are happening. When you’re getting older, your kids may be a bigger burden, there’s a bleeding heart situation that happens and it’s quite devastating unless you can put a stop to it. Bleeding heart, symbolically speaking, as in, your kids keep asking you for money and you keep wanting to help them, but then it destroys your retirement. This is a real thing. There are a lot of different aspects that you’ve have to worry about, so let’s make sure financials are not one of them.
SCOTT: And to take care of some of those kids, liquidity is built into your plan as well. Safer Retirement Radio, 833-707-3030, there are some spots open on the calendar, believe it or not as busy these guys are.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:38:03]
SCOTT: Call that number that will get you one of two things. First you can get a 30 minute phone review, the Decker 30 review, or the 90 minute in office experience which typically cost about 2000 dollars but is free to you right now because of the availability on the calendar. You can also check out deckerretirementplanning.com, click on the get started button. You can also download the e-books and a lot of helpful articles, I think you’ll love it. 833-707-3030, call right now. This is Safer Retirement Radio.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:38:32]
COMMERCIAL: If you could retire now would you, would that knowledge make your last few years at work more enjoyable. At Decker Retirement Planning we’re helping people retire years before they thought they could. : This is done with our proprietary algorithms that make up a safer distribution plan. See how much you can spend, down to the month, net of tax, for your entire retirement, with a cost of living adjustment each year as if you were retired today. Get the transparency you deserve so you can make the best decisions for you and your family. Don’t miss out on the lifelong memories you could’ve enjoyed because you felt trapped by your paycheck. If you are 55 years or older and have at least 300 thousand dollars saved up for retirement call Decker Retirement Planning today. At 844-404-3325 and get a safer distribution plan at no cost to you. Call 844-404-3325. 844-404-DECKER, or visit us at deckerretirementplanning.com.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:39:30]
MIKE: A major fear of many retirees is losing their life savings due to a major market decline like 2008. But did you know that there was a small group of retirees that actually made money during the 2008 crash. They did it by implementing the principals that govern retirement planning. At Decker Retirement Planning we apply these principals to help safeguard our clients through even the most extreme declines. These three principals are designed to protect your wealth, whether you have 300 thousand, 3 million, or more. Give us a call at 833-707-3030 to claim your no cost 30 minute call for a safer retirement. At Decker Retirement Planning we take the guesswork out of retirement. It takes just 30 minutes to discover the 3 principals that help secure your nest egg.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:40:13]
MIKE: Call 833-707-3030, just 30 minutes for a safer 30 plus years. Call 833-707-3030 now for a safer retirement. Must be 55 years or older and have at least 300 thousand of investible assets to qualify.
ANNOUNCER: Can you handle more Safer Retirement Radio, well can you? We thought so, so feast yourself on more math-based, principal-based, purebred fiduciary goodness with Mike and Scott.
SCOTT: Welcome back to Safer Retirement Radio, this is Scott Drake and the president of Decker Retirement Planning, Mike Decker, who is…
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:40:50]
SCOTT: You’ve listened to Mike for quite some time and your probably, you know, he’s not just a numbers guy. This is person back here with feelings, he’s healthy, he cares about his own health, he cares about your financial health, you can believe that. What are your hobbies Mike, what do you like to do when you’re not talking about numbers?
MIKE: I’m a very physical guy, when I say physical I mean… well you know this, you’ve seen the pictures. I mountain bike, love maintain biking to the Wasatch front. Even up in Washington [INAUDIBLE] for Whistler Canada, all that. Love mountain biking in the summer, skiing in the winter time. Especially in Utah, if you don’t ski it’s hard to get out, so that’s a great activity. Hiking, Moab is one of my favorite places in the world, it’s an adult playground for the outdoor activities.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:41:31]
MIKE: But the reason why, Scott, to be totally transparent, the reason why I’m so physical with these activities is because I want to stay healthy my whole life. And if I’m not physically doing something it’s like an escalator of health, I’m either getting healthier or I’m getting worse and I don’t want to be getting worse. I want to be able to maintain good eating habits, good physical exercise and maintain my physical and mental health, and that’s how it should be right. We all need to be in that category, we should be.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:42:01]
SCOTT: Much like when we talk about retirement planning which is an obvious similarity here is that you have to, you know, you have to take the whole idea and look at it long term, for the rest of your life.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:42:14]
SCOTT: Which is a lot longer… because of people like you who are taking care of themselves, our lifespans are so much longer, and we now have to account for 20 years, 25 years, perhaps 30 years of retirement without a paycheck or a paycheck that we have to come up ourselves. This is Decker Retirement Radio, the safer retirement radio. 833-707-3030 is the number. Mike I want to talk about the second principal in your planning strategy, which is focus on safer investment options and risk. Now with everything out there, I mean it’s so confusing for the average person to even have an idea of what they should be investing in or how they should be planning, how do you guys figure that out?
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:42:54]
MIKE: You know, that’s a great question, and there are thousands, tens of thousands, I mean there is an almost limitless number of investments that are out there. Not only by category, stocks, bonds, mutual funds, ETFs, you know the securities, treasuries, all that. And then you’ve got all the insurance products that are out there and people that are saying, oh do this, do that. And there’s a huge division in the financial… it doesn’t stop. I’ll quote Aziz Ansari who had this book Modern Romance, which was hilarious by the way, really fun read. Where he talks about, at the food market, if people have 30 jams to try out in the market, they’ll try a bunch then they won’t decide on anything.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:43:34]
MIKE: And then if you have four or five out there, people will try a couple and then they’ll buy one. There are so many investment options out there to be able to categorize them, quantify them, and then decide if they’re good or not, I think we’re doing people a disservice by just giving them a long list. When it comes to retirement planning, principal number two is, diversify by purpose not just by risk. Now of course you should diversify by risk, that just makes sense, that’s finance 101.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:44:05]
MIKE: But Scott, when it comes down to diversifying by purpose it really lends clarity and structure to anyone that’s doing the retirement planning, and here’s what I mean. Scott, imagine a triangle okay?
SCOTT: Okay.
MIKE: At the top of the triangle you put growth, okay, on the right side you’re gonna put principle protection, and then on the left side of the triangle, the bottom left side, you’re gonna put liquidity. Pick two. The hard thing is, we’re assuming you can only pick two.
SCOTT: Yeah why am I picking just two, why can’t I have the whole thing.
MIKE: Every investment only allows you to have two, you can’t have your cake and eat it too.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:44:42]
MIKE: And what I have found is in the financial industry, a financial professional will only recommend two because that’s the only two they get paid on. They specialize in one theory or one approach, typically the accumulation approach and it’s most commonly growth and liquidity. But what about principal protection. See when you plan by purpose you’re taking two of each category or three different areas, three different categories, and then you take that into account when you’re building your plan. This can’t be done with pie chart though Scott, can’t be done. Do you want to go through each one of the categories.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:45:17]
SCOTT: Well yeah, I mean that would be great because I’m fascinated here because when we’re talking about investing… and explain the idea of principal protection. Again, this is growing and protecting at the same time, which traditionally are mutually exclusive right?
MIKE: Yeah, so if you’re just tuning in right now, principal number one is, never draw income from a fluctuating account. So you’ve got to have an aspect of principal protection in your plan. But that being said, you can’t have principal protection and growth and liquidity, it doesn’t exist with any investment out there that I’m aware of at least.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:45:51]
MIKE: So when it comes down to organizing your plan, let’s talk about principal protection and liquidity, okay. Not a lot of money should probably be in here, there’s no growth. But when life happens, and it does, this last holiday over Christmas I got two calls from two different clients that had family emergencies, had to get rushed to the hospital and needed their funds. And we got those funds right to them immediately. Didn’t have to wait about any sort of trade or anything like that, this was emergency cash set aside or for some clients, discretionary cash for near term purchases.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:46:28]
MIKE: Another story, someone worked with some other advisor who does claim to be a fiduciary and put all of their assets in income annuities and IULs. And had no liquidity for the roof that he said he needed to purchase in a year. He came in, and we said, look we’ll help you as best we can but you literally… you don’t have any liquidity in your plan, you can’t pay for your roof this year, maybe you can pull some out and then have a savings account of these funds and then eventually get there.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:47:00]
MIKE: Or you can take a surrender, but we don’t recommend a surrender, that’s horrible, you’re losing money because of the ignorance of someone else who didn’t give you liquidity, and we’ll talk more about that later. But when it comes down to it, near term purchases that are big should be accounted for and in cash and ready to go, regardless of what the market does, regardless of when life happens, emergency cash, it should be set aside and accessible immediately for when things happen, that’s just one of the categories, one of the three. Another category is growth and principal protection. Now Scott, this one’s critical because a lot of people confuse this concept with income annuities.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:47:40]
MIKE: An income annuities is when you pay an insurance company to give your own money back at a rate that you probably are unaware of. We found most of them are a rate of return of 1.3 percent. Do you think an actuary who’s paid to make an insurance company a lot of money is going to give you a decent rate of return when the feds rates are this low.
SCOTT: Probably not.
MIKE: No. So a lot of insurance salesmen out there, who are good people and trying to what’s in the clients best interest but don’t have, either the industry knowledge or the awareness of what else is out there and other ways to accomplish this, will put someone into an income annuity and then turn it on, and then it runs for the rest of their life.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:48:17]
MIKE: Sure that helps with comfort, but the return on investment is so dismal it’s just near impossible, in my mathematically and principal-based mind, to be able to recommend that, it doesn’t make sense. So when it comes down to principal guarantee and growth, sure, there’s CDs out there, there are bonds, there’s equity index accounts, a number of different accounts, over 10 we could talk about, we don’t have time to go through them all. To where you can structure it in such a way that you’ve got these investments here, which are principal guaranteed and pay your income from year 1 to 5, and then you’ve got these investments over here with a higher rate of return that grow for five years and then pay out, and so on and so forth.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:48:54]
MIKE: It’s a bucket approach, it’s laddered, and the amazing part is, because you’re drawing income from the lower earning account, the other accounts are able to grow and offset, typically, what you would’ve pulled out. This strategy is how you can sail through market crashes unaffected, protect your income, and then for most clients that are suitable for some risk, you’ve got liquidity and growth, which is securities. You’re talking about stocks, mutual funds, [INAUDIBLE], things we’re really comfortable… or not really comfortable with, most of us are, but I can’t assume, but we’re familiar with because of the accumulation phase.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:49:30]
MIKE: But we set up a time frame to where you don’t have to touch them for over 10 years. See the beauty of this is not that we’ve categorized the purpose of what every investment can fall under, and we’ve given each one a deliberate direction, we’ve taken a team and everyone… if everyone can do their job your retirement is set up for a safer retirement. Can you imagine a football team, if everyone tried to play the quarterback, or everyone tried to play the offensive line.
SCOTT: That’d be bad.
MIKE: Your investments need to be a team and they need to work with different parts to be able to accomplish the overall purpose.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:50:01]
SCOTT: Would it be safe to say that a lot of the people that you run into, that come in, you know, to talk to you about retirement planning, do you feel like they’ve really been winging it this whole time?
MIKE: They’ve been winging it, in their gut they feel it, but in their mind they think because of the sophisticated jargon that’s out there in the financial industry, that they’re okay. They’re using the pie chart guesser, they’re playing retirement roulette. And Scott, when it comes down to it, most people have no idea the amount of risk they’re actually taking because they’ve been talked out of believing their gut and only trusting their head.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:50:39]
SCOTT: If you would like to get in front of the Decker team, well there’s a real simple way to do that. Mike’s gonna explain a little bit about what this entails. 833-707-3030. 833-707-3030, that is the Decker 30 review. Or… again that’s a phone call, right Mike?
MIKE: That’s a phone call.
SCOTT: Or you can get a 90 minute in office review which, I mean, if it were me, I would want to see the guy behind the mic. But this is much more comprehensive… but again we’d like to remove all the barriers to participate. 833-707-3030. You can also go to deckerretirementplanning.com, there’s a little button there on that website that says get started. What happens when they call you?
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:51:20]
MIKE: You know that introductory visit, the purpose of it is to set expectations on how the market really is. We’re not bear, we’re not bullish, we just are, and we want to set realistic expectations, especially with the way the fed is, with the way interest rates are it’s very difficult for retirees to retire today. On top of that we want to do a social security optimization, we want to put together a safer distribution plan. So seeing a spreadsheet, principal number three which we can’t talk about today, but we’ll talk about later, that shows you down to the month, net of tax, how much you can spend for the rest of your life while quantifying your pension, your rental real estate, all the other aspects. And get a purebred fiduciary to review your retirement.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:51:58]
SCOTT: And there is no cost to this. But there is typically a cost, unless you call in right now. What’s that cost?
MIKE: It’s normally 2,000 dollars to get this service.
SCOTT: Okay, all right. So 833-707-3030, you talk to a purebred fiduciary, somebody who has your best interests in mind, it’s by law, but again why is it purebred, what does that mean?
MIKE: Well we’re 65 licensed so we can’t receive security commissions. We’re independent, no one’s telling us what we have to do. And we’re an RIA, we’re able to make money off of advice, not churning securities or different things like that, that happen so often. So when it comes down to it, yeah we set ourselves up, we painted ourselves into the corner that we have to be honest.
SCOTT: We’re going to break, this is Safer Retirement Radio, 833-707-3030, we’ll be back.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:52:43]
COMMERCIAL: If you could retire now would you, would that knowledge make your last few years at work more enjoyable. At Decker Retirement Planning we’re helping people retire years before they thought they could. This is done with our proprietary algorithms that make up a safer distribution plan. See how much you can spend, down to the month, net of tax, for your entire retirement, with a cost of living adjustment each year as if you were retired today. Get the transparency you deserve so you can make the best decisions for you and your family. Don’t miss out on the lifelong memories you could’ve enjoyed because you felt trapped by your paycheck.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:53:17]
COMMERCIAL: If you are 55 years or older and have at least 300 thousand dollars saved up for retirement call Decker Retirement Planning today. At 844-404-3325 and get a safer distribution plan at no cost to you. Call 844-404-3325. 844-404-DECKER, or visit us at deckerretirementplanning.com. Have you ever wondered how financial professionals can tell you how much income you can take each year of your retirement by looking at a pie chart. At Decker Retirement Planning, we feel the same way. Stop guessing on your retirement income and get some clarity with a safer distribution plan.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:53:55]
COMMERCIAL: With our proprietary algorithms that make up a safer distribution plan we can show you down to the month, net of tax, how much you can spend with a cost of living adjustment for your entire retirement. With this level of clarity, you can start enjoying all of your hopes and dreams while taking care of your wants and needs in your retirement. We developed a safer distribution plan for the sole purpose of helping folks like you enjoy a full retirement. If you’re 55 years of age or older and have at least 300 thousand dollars saved up for retirement call 844-404-3325 today for your safer distribution plan at no cost to you. Call 844-404-3325 or visit us at deckerretirementplanning.com
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:54:39]
ANNOUNCER: Want to find out how as little as 30 minutes can change the next 30 years of retirement, keep listening to find out, or call 833-707-3030. Now here’s Mike and Scott.
MIKE: It’s time to wrap up the show folks, it’s been such a great pleasure to be with you. I hope the big takeaways that we’re getting from the show is even if a recession is looming, even if we do enter in a recession next quarter. Even if it’s the January of this year, it’s not about then, oh I told you so, that’s not what we’re saying here.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:55:11]
MIKE: What we’re saying it, will you prepare now, when you’re willing to put in the time, the elbow grease, you’re doing the due diligence and you’re being deliberate about your retirement planning, the recession turns into an interesting fact at most, it is not a fear at that point. Using two sided models that are quantitative to… and designed to make money and up or down markets, and you’re taking income from principal guaranteed accounts, it is a marvelous time to be retired, it becomes a safer retirement. And for all those who would like to take us up on this offer, all you have to do, if you’re 55 years or older and have at least 300 thousand of assets saved up for retirement…
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:55:50]
MIKE: All you have to do is call us right now, 833-707-3030. When you call in they’ll gather your information so on Monday we can reach out to you and schedule that visit. On the phone, in person, whatever your preference is. Or you can go to deckerretirementplanning.com and that the bottom of the screen you’re gonna see, get started for the Decker 30 review. This is incredible transparency that we’re giving to people. And what’s interesting is, when we talk about distribution planning, or a distribution plan, a lot of people assume that’s the pie chart. No, the pie chart is a guessing game that leads retirees to play retirement roulette.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:56:24]
MIKE: The distribution plan, and what we created was a safer distribution plan, is a transparency like most people have never seen before. We met with the president, years ago, of the fourth or fifth largest bank in the world, he’s retired, and when he looked at it, he stood up and said this is what I’ve been looking for, this is what the industry needs and you guys are doing it right. The reason why he said that is because he knew the pie chart doesn’t work and people need more transparency than guessing that they can take income of around four percent, it doesn’t work.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:56:58]
MIKE: But a safer distribution plan, these principals, a math-based, principal-based approach does work. If your retirement concerns you and you’re worried about the next 30 years of your life or even the next 10 years of your life, I hope you take us up on this offer, you call us and you schedule a no cost visit where no decisions are made. We’re discovering together, we’re learning, we’re researching your retirement plan and how it can be effective when you’ve implemented and boosted, when you implement math-based, principal-based approaches to retirement planning. Or what we like to call, a safer retirement. That number again, 833-707-3030.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:57:38]
MIKE: That’s 833-707-3030, or you can go at the very bottom of deckerretirementplanning.com and click get started, fill out your information, we’ll get back to you within one business day. It’s been an absolute pleasure folks, we’ll talk to you same time, same place next week, or on Fridays via podcast on iTunes or Google Play. Stay tuned for more information on next week. Have a great week everyone.
RR S3 E8 RETIREMENT PLANNING TAKE AWAY FEAR [00:58:00]
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