RR S3 E7 RETIREMENT IS LIKE EVEREST [00:01:32]
MIKE: But, what’s interesting is we’ve been getting calls from more than just those locations. And yes, because of technology, we’ve been able to help plan with a lot of other people that may be out of that geographic reach. We’ve had people call from Minnesota from this show. A significant amount of people actually are listening to us in New York, New Jersey and back East, which is just wonderful. So, to all of you listening back East, we hear you, and we appreciate your support to this show.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:02:05]
MIKE: You may find this funny. Barcelona is the most listened to place outside of the United States on this show. Yes, Barcelona. And I don’t know. I’ve never made contact with anyone from Barcelona listening to the show. They’ve just been listening and gaining knowledge. But, wherever you are, I hope that you can enjoy the transparency that you deserve. I hope you can get the clarity and feel the sincerity of this purebred fiduciary effort that we want to give you. We want to pull the curtains back.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:02:35]
MIKE: On our website, we recently released Principles That Govern Proper Retirement Planning. It’s a brand new e-book, and we’ve had a number of people that have been downloading that. You can go to DeckerRetirementPlanning.com to download the book if you’d like your own free copy right now. Yes, it is free. Principles That Govern Proper Retirement Planning. And the most interesting part I have found in the feedback that we’ve gotten is principle number three, to use a distribution plan or spreadsheet, not the pie chart guesser.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:03:08]
MIKE: And, folks, I hope you’re sitting down here. What’s remarkable is the assumption that most of us are making with what a distribution plan is. The assumption is that distribution plan is any plan to distribute assets, and they’re quantifying that or they’re rationalizing that to say that the pie chart is a distribution plan. And I would say by definition, okay, maybe. Maybe we could say the pie chart is a distribution plan in the sense that it is a plan, and it can distribute assets.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:03:40]
MIKE: But, when it comes down to the principle, the clarifying word is a spreadsheet. So, just imagine with me real quick. You’ve got your pie chart guesser. You take four percent. That’s what most people are doing. When they download Principles That Govern Proper Retirement Planning. When they do a little bit of digging on our website at DeckerRetirementPlanning.com, they can see something they thought never existed that just makes sense.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:04:07]
MIKE: What I’m talking about in the third principle is having a spreadsheet that maps out, it organizes your investments and it maps out and shows you every year down to the month net of tax how much you can draw with the cost of living adjustment. And, it’s done simply enough that I have yet to meet someone who could not understand the sheet. It’s rather simple, user-friendly, and it is incredibly transparent. And, it follows the other principles like never draw an income from a fluctuating account, coordinating the efforts and diversifying by purpose, not just by risk. And so much more.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:04:41]
MIKE: Folks, whether you want to talk to us or not, that’s up to you. But, I hope everyone listening right now will at least go to DeckerRetirementPlanning.com and download the e-book that’s free, Principles That Govern Proper Retirement Planning. It is absolutely essential when it comes to building your future. Thirty years is a long time to wing it, and so we want to encourage all to understand the principles, the timeless principles, that govern proper retirement planning and not the industry guesswork that may be happening.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:05:13]
MIKE: And, I’ll even illustrate this way. Fun fact. In Everest, for those that are climbing, around 76 percent of all fatalities happen on the way down. Not the way up. Yes, it is a struggle, and it requires effort to accumulate assets, but to be able to distribute assets is much, much more difficult. It parallels exactly with those who are climbing with Everest.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:05:39]
MIKE: And to all those listening right now, we want to be able to apply to the role to help you get down. We want to be able to apply to the role, your family CFO, so to speak, and help you be able to distribute assets so you can spend time where it matters most to you. Remember, time is our most precious commodity, and it doesn’t make sense if you’re on the descent, to sit at a cliff and think, “Gosh, we can’t go anywhere. We’re stuck.”
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:06:06]
MIKE: Now, in this analogy, if you are descending, if you’re in retirement or near retirement, hopefully you can draw the parallels together. This company was founded, Decker Retirement Planning was founded on the idea that we could bring clarity to this space that’s caused by so much confusion. We do that with a math-based principle-based approach to retirement planning. What if you didn’t have to worry about the storms that come? Like the stock market crash in ’08 or 2000, 2001, 2002, the three year recession?
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:06:36]
MIKE: What if you had clarity to know that if the markets were to crash or the turbulence were to happen, that you could sail through it unaffected? Those are powerful words, folks. At Decker Retirement Planning, the reason why this is possible is not only do we build the technology to make it easy for anyone that comes in to understand, but we built it around math-based principle-based approaches as opposed to subjective opinions on what the market should do next.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:07:06]
MIKE: It just doesn’t make sense to have retirement be a guessing game, to play retirement roulette, and we want to be able to go there. And, you’re going to hear a lot of content today. For those of you that have been listening to this show for some time, I want to point out that the introductory visit for all that are 55 years or older and have at least 300 thousand of assets saved up for retirement, that introductory visit means you trust us enough to have a conversation, and we will be as neutral as we can in that conversation to explain the lay of the land, to understand what you’re looking for and to be able to give some fiduciary guidance, professional guidance on how to proceed.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:07:44]
MIKE: We’ve had a lot of experience, but it also makes sense to be able to work with someone that you trust. And, I hope that with the content we’re going to be going over today when Scott joins me back in the studio in just a moment, that we can give you not only trust and respect, mutually speaking, but we also can give you the data to say, “Yes, this makes sense.” It’s really that simple. It’s a mutual relationship, and we want to be able to give that to you.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:08:11]
MIKE: And, if this is something that you finally have been listening to the show long enough and you want to take advantage of our offer, call us now or go to our website. You must be 55 years or older and have at least 300 thousand of assets saved up for retirement. But, you can call us right now. 833-707-3030. That’s 833-707-3030. Or you can go to DeckerRetirementPlanning.com, and on the very bottom right, you’ll see the button that says, “Get Started.”
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:08:37]
MIKE: All for you. We’re driven to help give transparency where it is needed in an industry that is full of jargon and confusion. That clarity, we hope, can lead to you being able to enjoy the retirement that you’ve always wanted to enjoy. Because like I’ve said before, time is our most precious commodity, and you deserve to be able to spend your time how you want under your direction throughout retirement. That’s what really matters most here, folks.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:09:06]
MIKE: 833-707-3030 or go to DeckerRetirementPlanning.com and click “Get Started.” We’re going to take a real quick break, but when we get back, Scott will be joining me in the show, and we’ve got a packed show of content for you today. Stay tuned.
ANNOUNCER: If you could retire now, would you? Would that knowledge make your last few years of 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.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:09:45]
ANNOUNCER: 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 have enjoyed because you felt trapped by your paycheck. If you’re 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 E7 RETIREMENT IS LIKE EVEREST [00:10:20]
ANNOUNCER: 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 say. 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.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:10:51]
ANNOUNCER: We developed the 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. 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.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:11:30]
SCOTT: We are back. This is Safer Retirement Radio. I’m Scott Drake. This is the place where you get the retirement planning transparency that you truly deserve. The phone number, as always, is 833-707-3030. And with me in studio is the president of Decker Retirement Planning, Mike Decker. Mike Decker, the man behind the strategy of a safer retirement. Thank you for joining us today.
MIKE: Absolutely, Scott.
SCOTT: The topic we’re going to talk about now is something that you hang your hat on. it’s called the Safer Distribution Plan.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:12:00]
SCOTT: I want you to talk again about the difference between accumulation and distribution. You are specialists. You developed a proprietary method, as I recall, something you did. It really differentiates you from other planners, I would think. Talk about the Safer Distribution Plan, the difference between accumulation and distribution.
MIKE: Yeah, so overall, and I think we’re really highlighting principle number three, use a distribution plan. The reason why this principle rings true to retirees is because so many have failed to understand the importance of planning accurately as opposed to the pie chart guesser.
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MIKE: We’re familiar with the pie chart. It’s an accumulation tool that helps grow our assets, but when it comes down to distribution, we need to understand there’s a fundamental change between accumulation and distribution. So, when it comes down to that transparency we talk about, it’s really hard to plan in five years what your life is going to be like if your income is up to the market and how well the market performs or if it doesn’t perform. That kind of risk doesn’t make sense, and we want to be able to show anyone that walks through our office a plan that they can understand. I mean, that’s really what it comes down to. It’s that simple.
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SCOTT: You can probably tell if you’ve listened to the show more than once, that Mike is a numbers guy. There’s a lot of passion and a lot of personality there, but you are basically a numbers guy, and you love numbers. And, I think you can talk about this two sided model, the Safer Distribution Plan because you created the algorithms around it, right?
MIKE: So, yeah. Actually, Scott, do you want to hear a story I don’t really talk about much?
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:13:39]
SCOTT: Absolutely.
MIKE: The truth be told, when I first got into finance, I had, technically it was a marketing background with the ability to code. I just taught myself how to do it. I saw the way the wind was blowing. I saw technology was a big deal, and I learned how to write algorithms. Now, after doing several months of research, trying to find something that would work for clients, and I couldn’t. The industry was just infected with the four percent rule and an easy operational system for retirees, which was toxic because it’s leaving them guessing each year, and people just default to it because it’s what everyone else is doing.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:14:16]
MIKE: I just said, “Enough is enough.” And so, I took to my own initiative, and I wrote algorithms that can calculate down to the month net of tax in a spreadsheet like format how much you can spend for as long as you live. It organizes, like you said, the two sided model. If people want to take risk, we’re recommend a two sided model that’s designed to make money in up or down markets. It organizes your assets that are principal-guaranteed on how you can take income for the next 20 years so you can sail through at least two market crashes because they typically crash every seven or eight years.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:14:49]
MIKE: And then it also can quantify the ramifications, the implications, of how you file social security if you want to take a pension or a lump sum, if you have rental real estate and the differences that would be to keep it or to sell it. As well as just what your estate would look like in 10 years, 20 years or 30 years. These are questions that retirees wanted to be answered, and they just couldn’t with this trick… I can’t remember the analogy there. Trick and pony show? What’s that?
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:15:23]
SCOTT: Yeah, dog and pony show?
MIKE: Dog and pony show. Thank you. I get so passionate about this because people have questions, and they’re being just misled by a lot of the industry because they don’t have the technology to do it. For whatever reason, they just didn’t want to do it, I think it’s operationally speaking. But, when it comes down to it, you should be able to answer these questions. And so, we built the whole practice around being math-based principle-based to get people the transparency that they deserve.
SCOTT: Can I ask you a question, and this is something that I’ve heard you talk about and your experts at Decker Retirement Planning talk about a lot.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:16:00]
SCOTT: It’s sort of an analogy with regards to fiduciary service and what you profess as part of your strategy. You used the example of a butcher and a dietitian. Talk about that. Talk about how that relates to what you do every day.
MIKE: Oh my gosh. I’ll tell you. My wife’s a nutritionist too, so I hear about this all the time. Hopefully this one rings home to a lot of you. Health is a big deal. A lot of us really value our health. When it comes down to your health, if you go to a butcher, do you think you’re going to get advice on your health, on your nutrition, on how you should treat yourself? Or is he going to sell you meat, right?
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SCOTT: He’s going to sell me meat, because that’s what I want. Meat.
MIKE: Meat’s great. I tell you what. I’ve got four barbecues. Now, I don’t eat a lot of meat. People joke about how I’m supposed to be a part-time vegan. I just understand the principle that vegetables give you the nutrients you need, but once in a while I might smoke a brisket or something like that.
SCOTT: All things in moderation.
MIKE: Yeah. We could talk about that for hours. Scott, when it comes down to it, if you want to get advice, you’ve got to go to the right source. When you want advice about your health, you’re going to go to a nutritionist who can recommend anything to you.
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MIKE: And if you want to go to a butcher, you’re going to talk about what meat you should have. They’re fundamentally different, and we need to understand that when you work with a purebred fiduciary, that you can get more honest information.
MIKE: I mean, it’s really that. I’ll even drive this point home. My wife, who is a nutritionist, and we have a medical doctor who’s a dear friend and gives us great advice, said that I should be eating salmon and not red meat because of how I take in nutrition.
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MIKE: My wife needs to not have as much salmon though and should have some red meat in her diet because she needs the iron, and she’s not able to get enough of it through the vegetables, which we eat a lot of. Isn’t it interesting how we’re both, with two different bodies, have two different topics of important or needs that are on our plans, and they’re just different? This cookie cutter business is ridiculous. We should be able to have a plan in place, and this is principle number three, a Safer Distribution Plan, or having a spreadsheet at the very least, that can map out all the information.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:18:17]
MIKE: For example, Scott, I had a client. He said, “Hey, I’m a sailor.” Love it. It was up in Seattle. “And, I want to be able to sail around my boat for the next seven years.” Seven or eight years. “But, I’m going to sell that boat.” That’s a huge asset, and it costs money. And then when he sells it, he could make money off of it. So, what did we do? We built that into his plan. Seven years, yeah, his income, his needs, to be able to sail and do all that he need to do, is a little bit higher. Then we made the adjustment, and then infused into his plan in eight years, what the boat profits would probably be.
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MIKE: For other people, they have a mortgage for about five more years or so, and then the mortgage is there. That’s an income need you don’t want or you don’t need anymore because you now own your house. Shouldn’t you be able to calculate these things into a plan and then be able to smooth your net income for the rest of your life, whether it’s three percent of a cost of living adjustment or not? I mean, these are basic needs people have, and they are not being addressed by most of the financial professionals.
SCOTT: If you’d like to learn more about how you can get a safer retirement, 833-707-3030 is the number. You can also go to DeckerRetirementPlanning.com.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:19:27]
SCOTT: You have some e-books there that people can download which really talk about the same things we’re talking about on this radio show.
MIKE: Absolutely. I mean, social security is on there. There’s an e-book on the principles that govern proper retirement planning. It gives you the scaffolding so you can do a self-check on what you want. We’ve got Brian’s book, The Decker Approach. We’ve got a number of books on there. We’ve got A Safer Retirement series. This is an ongoing project, Scott. A Safer Retirement for the Engineer, a book written for engineers on how to plan for the retirement. A Safer Retirement for the Hard Working American.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:20:00]
MIKE: A Safer Retirement for the Medical Professional. We’ve got about 20 of these books. They are slowly going to be published over the next few months or so. So, when you go on there and you want a book written for you, that’s where you would go.
SCOTT: And, I also want to harp on something else too again. This notion of accumulation and distribution where I’m sure a lot of you listening to this show right now haven’t heard this kind of language before. And, it’s not because you’re working with somebody who’s necessarily bad. They’re just not built for distribution. They’re built for accumulation.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:20:30]
SCOTT: In other words, they’ve been helping you get to where you are right now, where you have some assets. It comes time to retirement, to be retired, and you have to work with the specialist, and that’s what a Safer Distribution Plan is all about.
MIKE: Well, would you get upset with a heart surgeon who couldn’t operate on the brain or a brain surgeon who wouldn’t operate on the heart?
SCOTT: No, I’d be grateful.
MIKE: They’re very smart people, but one’s not going to do the other one’s job. Just like an accumulation specialist shouldn’t do a distribution job. Just like a distribution specialist shouldn’t do an accumulation job.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:20:59]
SCOTT: Here’s the number to get involved, 833-707-3030 or go to DeckerRetirementPlanning.com. There’s a button there that says “Get Started.” What this will get you is a couple of options. One, and I want you to go into detail here. This is the 30 minute review. This is really a path of least resistance. You get on the phone with the Decker Retirement planner, and you do what?
MIKE: Well, a 30 minute call if you want, because we want to be able to address this at your comfort level, okay.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:21:29]
MIKE: Some people have anxiety to come into an office, and some people want to come in and really dive into the details. Our mission is to be able to not only give you the transparency that you deserve, but show you what these principles look like in your retirement. Most people have no idea that this kind of transparency is out there. So, whether it’s a 30 minute call or a 90 minute deep dive in person, Scott, we’re going to show you a first draft of a Safer Distribution Plan, a spreadsheet. We’re going to show you what principle three looks like. And, we’re going to show you how principle one and two apply to this spreadsheet, your plan, your unique situation.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:22:05]
MIKE: We’re going to be able to address how the markets are today, not bearish, not bullish, just as they are. And then we’re going to be able to give you a purebred fiduciary’s review on your retirement, answering some of the most difficult questions that I, this is my opinion based on experience, believe most of the financial professional industry can’t answer. And the reason why is because we built the technology to do so. Everyone else, it’s theories of this could happen, this may happen. There’s a lot of compliance jargon out there that gets them out of trouble, when really it’s a glass house.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:22:42]
SCOTT: Now, if you’re listening right now and you have 300 thousand dollars or more saved for retirement and you’re 55 years or older, you’re probably in a good spot and could benefit greatly by one of these conversations. Either the 30 minute phone call or the 90 minute in office, which has a value of two thousand dollars, but will cost you nothing right now.
MIKE: Yeah, it takes us a lot of times to be able to do these reviews, but you know what? We’re willing to do it because I would rather educate someone who didn’t work with us to be able to avoid the market treachery that could happen as opposed to have someone just not even know.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:23:17]
MIKE: I want to give you the education and the foresight so you can make a decision for yourself, and then you can’t blame anyone.
SCOTT: 833-707-3030 or DeckerRetirementPlanning.com. This is Safer Retirement Radio
ANNOUNCER: 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 say. 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 E7 RETIREMENT IS LIKE EVEREST [00:23:56]
ANNOUNCER: 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 the 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 E7 RETIREMENT IS LIKE EVEREST [00:24:30]
ANNOUNCER: 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.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:25:02]
ANNOUNCER: 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, call 844-404-3325 for your no cost tax scope analysis. Not only can this benefit you throughout your retirement, but your beneficiaries will also be incredibly grateful Call 844-404-3325 or visit us at DeckerRetirementPlanning.com.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:25:31]
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: Welcome back. This is Safer Retirement Radio, and I’m Scott Drake along with Mike Decker of Decker Retirement Planning, powering Safer Retirement Radio here today. Mike, always good to see you.
MIKE: Scott, thanks for having me.
SCOTT: Of course. Actually, you’re having me.
MIKE: That’s true. [LAUGH]
SCOTT: Anyway, let’s talk about retirement planning today.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:26:01]
SCOTT: If you are 55 years or older and you’ve saved money for retirement, you’ve got some assets, this show could be particularly useful to you. And today we’re talking about taxes. Now, when you talk about retirement planning, sometimes people forget about the effect of taxation on their retirement planning, and it’s critical, isn’t it?
MIKE: Scott, can I comment on that real quick because taxation we’re aware of. And we pay our taxes. Everyone should be square with the IRS, okay. I hope we can all agree on some very fundamental principles there.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:26:34]
SCOTT: Yes, yes.
MIKE: You don’t avoid taxes. You don’t try and have these crazy work arounds that some creative people think could work and then get in trouble for later.
SCOTT: Using Wesley Snipes as an example.
MIKE: Great example. So, when it comes to taxes, a lot of us somewhat fear the IRS, and that’s okay. It’s okay, but when it comes to paying your taxes and being aware of your taxes, you don’t need to live in fear. You should live in pro-activity, and here’s what I mean by that. Most of us, when we do our taxes, think about our tax implications this year and our tax implications next year.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:27:07]
MIKE: Scott, let me ask you, has your CPA ever talked about your tax burden in ten years from today?
SCOTT: No. Actually, because I believe my CPA is more of a historian in most cases.
MIKE: And, that’s normal. CPA’s are incredibly talented people. I do not want to discredit them in any manner. I mean, their job is very difficult. The tax laws are extremely difficult, and to be aware of them and to be able to practice in that regard is very difficult.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:27:35]
MIKE: So, it makes sense that someone who is in the present has a hard time or could have a hard time looking ten years into the future of the different tax burdens, especially when politically we don’t know where taxes are going to be. Now, let’s just make a couple observations here, Scott. And I’m going to ask you a few questions. And, forgive me for being very simple. They’re near rhetorical. They’re that simple. Scott, can we agree that relatively right now we could say that tax rates are lower, historically speaking?
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:28:05]
SCOTT: You are absolutely correct, sir. Yes.
MIKE: How do you feel about the country’s debt?
SCOTT: That’s probably a problem. It doesn’t seem to bother the people in Washington, but it sounds like it could be an issue.
MIKE: And you know what? It doesn’t matter until it matters. And, I hate ambiguity, so let’s define what I just am trying to say right now. It doesn’t matter until it matters means to say that when people start looking at the debt saying, “It’s getting a little too high. I’m getting a little bit nervous about if we can even pay this off,” then the stability of, let’s say, government bonds…
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:28:41]
SCOTT: Sure, they’re backed by the US tax payer. Sure, they’re backed by the US government, but less people will be buying them because they’re getting more nervous. The consumer typically determines the demand of any sort of taxable event. At that point, something has to give. Rates have to go up or taxation has to go up or something has to happen for this 800 pound gorilla on the US taxpayer and government’s back.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:29:11]
SCOTT: I think we can all agree that most people think taxes will only go up from here.
MIKE: Yeah. Well, we thought the fed would only go up from here, and it continues to go down. So, we’re throwing a lot of common sense out the window here. I shouldn’t say common sense. That’s very condescending. I would say traditional economic guidelines have been thrown out the window, and we’re in uncharted territory. Now, that’s fine as long as we’re aware that things could go up or down and we have to be ready for it if they go up or down. If taxes go down in the future, would you benefit from that? Wonderfully.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:29:45]
MIKE: If taxes go up, which statistically I would argue that it’s more likely to go up, how is your taxation burden looking in five years and in 10 years and 15 years if our retirement is maybe 30 years?
SCOTT: Yeah, and also understanding that again your CPA does a great job. That’s the difference between tax preparation and tax planning, which is, planning is looking forward. What’s going to happen?
MIKE: And, we’re not CPAs.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:30:16]
SCOTT: No, we’re not.
MIKE: But I want to talk about exactly what we’re doing here at Decker Retirement Planning with a quick story here. I had a couple of clients that came in. They went to a dinner event. I’ll even say, folks, if you can’t make it to one of our dinner events, we only have them so often. You can always get that content via our books you can download on line. You can get it via e-books. They’re specifically on principles that govern proper retirement planning and social security. But, when all is said and done, the information we’re trying to get out there, whether it’s at dinner or in your home with a book, but regardless…
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:30:48]
MIKE: They went to a dinner event, and they wanted to retire in one year’s time, so they were doing the circuit like most of you listening right now are probably doing when you’re getting ready for retirement. And, they wanted to reduce their risk and have more transparency. Scott, here’s the interesting thing I thought about this conversation. They wanted to reduce their risk on their portfolio, and they wanted to increase their transparency, which are two things we do, and we can do that through the principles that govern proper retirement planning and using a math-based principle-based approach. Okay?
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:31:19]
MIKE: And, they wanted to have more transparency. The third principle, use a distribution plan, a spreadsheet, not a pie chart they keep you suggesting so you’re not playing Russian roulette throughout retirement. But, what they found when they came in was the tax burdens that could have put them, I say could have, we were able to work around this, that could have put them in the highest tax bracket for the rest of their life.
SCOTT: That would not be good.
MIKE: No. Horrible situation, and thank goodness we got in front of it, and we planned around it. This client had about two million dollars saved up for retirement.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:31:55]
SCOTT: They did have a pension versus a lump sum situation. The pension was not a good option. In this case, they chose the lump sum. They were concerned about their estate, and they didn’t like income streams. They were the hands-on kind of people that liked their assets. They liked to manage things, and it was more suitable for them, and it made mathematical sense also. They could get more out of a lump sum pension in this situation.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:32:21]
MIKE: And, it’s different every time, but being math-based principle-based, run the numbers. You see what it is for them. They took their two million dollars and got an extra 400 thousand they added to their portfolio, which was great.
SCOTT: Really? Nice. Okay.
MIKE: So, when it comes down to, they had social security and their assets, and they were ecstatic. Now, here’s the hard part, okay. In five years, you take all this income or these assets that are growing. In five years they hit 70 and a half years old. Scott, what happens at 70 and a half years old?
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:32:49]
SCOTT: At 70 and a half years old, you have to start paying the required minimum distributions typically now unless the Secure Act is ratified, which means you’re paying the government back. Now they want to get paid for all that deferral you’ve been doing in taxation.
MIKE: Mm-hmm, and unless you can accurately account for your RMD with your income, you’re taking a taxation hit that is slowing down your retirement. You ever been in a golf cart and wished it would go faster, and you’ve got a governor on there?
SCOTT: Yeah.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:33:20]
MIKE: Most all golf carts have that. It’s frustrating because you want to have some fun and go a little faster. Would you be frustrated if your retirement was governed and slowed down because of the RMD taxation where you just have a leak in your ship? You were just losing money to taxation because you’re stuck in this situation. For high net worth people, this is extremely common and most are unaware of the consequences if they don’t act in time. Scott, you were going to say?
SCOTT: No, I was going to say that that’s, again, something that people will forget. The RMD takes you into a new tax bracket because of that income. And, the government doesn’t take excuses.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:34:00]
SCOTT: If you don’t take the RMD when you’re supposed to, there’s a penalty, isn’t there?
MIKE: There is a penalty and you just want to avoid it. It’s dreadful.
SCOTT: It’s a big penalty. It’s 50 percent, isn’t it?
MIKE: Yeah, as of right now it’s 50 percent.
SCOTT: It’s ridiculous. Good lord.
MIKE: And, then you still have to pay your RMD. It’s 50 percent on top of the RMD.
SCOTT: No excuses, people. [LAUGH]
MIKE: No. Now, the big argument, and I’m going to try to say this as fair as possible. One side says, “Okay, you should convert all of your IRA to Roth assets before you hit 70 years old so you don’t have to have that,” and that if you convert it you grow. There’s enough tax benefit.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:34:34]
MIKE: That is the best plan, and they’re speaking in absolutes. The other side of the argument is, “No, just pay the taxes. It’s a wash. If you’re not forced in the top tax bracket, it’s a wash. It’s a percent here, a percent there, but overall it’s the same deal.” And mathematically, they have some leverage on that depending on future tax laws and how that will happen. And, we don’t know what tax laws will be in ten years. But, mathematically, both of them are wrong. And, here’s my point.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:35:04]
MIKE: It’s okay to have a small RMD. You’re going to take income anyway, but being able to coordinate that effort in such a way that each year part of your income is from an IRA asset. You’re taking some taxation, which is fine. It’s okay to have some taxation from a smaller amount. But, it’s never going to push you into a top tax bracket. It’s on lower tax brackets, and you can coordinate the other investments. Only then when you find that silver lining, can you have an optimal tax situation.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:35:34]
MIKE: Now, there’s other things we don’t have time to talk about this, like the tax punching bag where we have a series of investments that coordinate with each other that can help each other’s tax burden, while giving you tax free income throughout retirement. I mean, there’s a lot of variables here, folks, we can’t talk about over the radio because there’s too many things on suitability that determine how we build this, and we don’t want to deal with absolutes. But, the tax punching bag, which is what I call it, is extremely critical for high net worth people to be able to manage tax burdens effectively in the future.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:36:07]
MIKE: Not avoid taxes. We don’t avoid taxes. We pay our taxes, but we can be smart about our tax planning and tax minimization strategies or we can be reactive and let the government just take advantage of the system because we were not proactive. I’m of the primary. I’m of the proactive. I’m of the planning side of it because it makes me sick when I see six and seven figures being lost because of poor planning.
SCOTT: Yes, I can agree with that. And, you can see now when Mike is talking why he’s a math guy. This is one of his favorite topics, taxation.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:36:42]
SCOTT: How important is it to your portfolio? How important it is to your retirement planning. Would you like to find out where you’re at? Exactly where you’re at right now? Take the guesswork out of your plan. Call 833-707-3030. That will get you the Decker 30 Review. Incredibly useful. Incredibly simple to take advantage of. It’s a 30 minute phone call. And, if you are 55 years or older and you have at least 300 thousand dollars saved for retirement, this could be the stepping stone to a safer retirement.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:37:14]
MIKE: Scott, I want to interject here. We had a client that had just over 10 million dollars. And, throughout the plan we were able to save him, through the tax punching method that’s proprietary to us, as far as I’m aware I don’t see anyone else doing it. Saved him seven figures alone on that one part of his plan.
SCOTT: If that doesn’t convince you, people, just please call. You can also get the 90 minute in office review, which is a value of two thousand dollars free to you right now. 833-707-3030 or go to DeckerRetirementPlanning.com and click on “Get Started.” Safer Retirement Radio.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:37:48]
ANNOUNCER: 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.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:38:21]
ANNOUNCER: 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, call 844-404-3325 for your no cost tax scope analysis. Not only can this benefit you throughout your retirement, but your beneficiaries will also be incredibly grateful Call 844-404-3325 or visit us at DeckerRetirementPlanning.com.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:38:45]
ANNOUNCER: 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 say. 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.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:39:20]
ANNOUNCER: We developed the 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. What do these things have in common: training wheels, hugs, your fondest childhood memory, a seat belt and Decker Retirement Planning? They’re all things that make you feel safer of course. Now, back to the show.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:40:00]
SCOTT: Thank you for joining us again. This is Safer Retirement Radio, 833-707-3030 is the phone number. You can also check us out at DeckerRetirementPlanning.com. You’ll find a lot of valuable useful information at that website. Of course, this whole show is powered by Decker Retirement Planning. And, the president of Decker Retirement Planning is joining us in studio as he does every week, where we talk about retirement planning fundamentals. The things that this firm lives by as purebred fiduciaries, people who by law and just because they do this regularly, they put your interests first.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:40:39]
SCOTT: And, we always talk about the difference between investing for retirement and that distribution aside. Again, talk about what you do that is different than what most people are doing, is investing in 401(k)s and not knowing what to do when it comes time to stop working.
MIKE: When it comes to a transition, it’s difficult, right. The first big transition I think most of us experience is when we’re 18 years old, graduate from high school and we’re going to college or going to a technical school or going to work right out of high school, whatever it is. That’s an exciting transition because we get more freedom.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:41:17]
MIKE: And then we get our paycheck, and over 30 or 40 years, however long your career was, you get more freedom because you don’t have to work anymore, but the extra amount of freedom is terrifying for a lot of people. It’s just terrifying. Scott, what we’ve done here at Decker Retirement Planning is we’re taking the emotion out of it. Because I want to say this is a little bit science-y, but I think it bears mentioning.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:41:47]
MIKE: Fear-based decisions can be devastating. I think we can all agree on that, which is why we try not to be fearmongering on this show. We want to just be as factual as possible, as objective as possible. Anxiety is merely fear of the future based on past experience. That simple. That simple. Anxiety is fear of the future based on past experience. Just like depression is fear of the past as well. We’re unable to live in the now, in the moment that we have, which is where a lot of these fear-based decisions will come from.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:42:18]
MIKE: So, how can we take a very emotional transition, I’m not saying emotion like, “Oh my gosh, we’re all over the place,” but something where we have to create an identity change because we’re not working anymore. We have to create income for ourselves, for not just five years, but for about 20 or 30 years, and be able to do it consistently. That’s a big conversation. So, what we did, not only did we build algorithms to calculate down to the month net of tax how much you can spend for as long as you live. We call this a Safer Distribution Plan.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:42:50]
MIKE: But, as a math-based firm, we understood the need to also be able to articulate the principles that govern proper retirement planning. Those principles are, if you don’t mind me mentioning, it bears repeating. The first principle is never draw income from a fluctuating account. That is your accumulation familiar territory, and it’s important to transition away from familiar territory to correct territory. The second one is you must be able to diversify by purpose, not just by a risk.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:43:20]
MIKE: I think we can all get behind the principle or the idea of diversifying your risk, but how about by purpose? A pie chart can’t tell you what you’re supposed to sell each year to draw income from, but a distribution plan could. And, there’s three different categories we can talk about, and we’ll talk about probably in another segment here about the different qualifications, the three different categories, and how they’re supposed to be used in retirement planning. You can also go to DeckerRetirementPlanning.com and download the e-book that talks about this.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:43:50]
MIKE: But, the third principle is also use a distribution plan, not the pie chart guesser. Don’t play retirement roulette. We didn’t invent distribution planning. I don’t have a monopoly on this idea, but we did build algorithms which are dang good. I got to say, I’m proud of them. I wrote them. But, the reason why I wrote them is because in looking for the technology to be out there, it didn’t exist. We couldn’t hire the technology, and so we built it. We tested it. So far and for all my Boeing listeners up in Seattle, I have yet to meet a Boeing engineer be able to reverse engineer my algorithms.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:44:26]
SCOTT: Wow.
MIKE: That’s pretty fun, right? So far so good. That doesn’t meant the one in the future won’t be able to. That’s not a challenge to try and take away from my secret sauce. I’m just saying they are complicated on the back end to bring simplicity to you on the front end in planning your retirement. They’re very technical to give you simplicity, clarity, dare I say, the transparency you deserve. The biggest issue though… Go ahead, Scott. You were going to say something?
SCOTT: Oh no, no. Keep going. I love your direction.
MIKE: The biggest thing I want to talk about, if it’s okay, is time.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:45:00]
MIKE: Time is our most precious commodity, and we’ve had a few clients come in saying, “Look, I’m 57 years old. Most of my assets are in IRA accounts, and I don’t want to take the penalty of taking out the assets. I could retire today. I could enjoy a wonderful life today, but I’ve yet to meet someone who can properly allow me to retire today without taking a huge penalty.” Isn’t that kind of sad? Now, it’s not sad in the fact that I get what the government is trying to do. And, IRA accounts that grow tax free, they’re meant to be for your retirement.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:45:35]
MIKE: They’re preventing people, based on their metrics, trying to do the best they can, to prevent people from spending all their money too soon. So, they put a resistance against spending your IRA assets too soon.
SCOTT: And, that’s age 59 and a half.
MIKE: 59 and a half, yeah. You’re not supposed to touch your IRA assets beforehand. If you do, there’s a penalty, about 10 percent. But, what if you do have enough assets? What if you can retire early? How is it appropriate that should penalize you?
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:46:04]
MIKE: Now, you don’t mess with the IRS. Never ever ever try to do work arounds or trick the IRS. It’s not worth it, folks. Let’s be honest with our taxes. Let’s be honest with our investing, and let’s play the game as the IRS states it. But, the IRS code is very complicated. I want to talk about, if it’s okay with you Scott, one of the important rules to understand. That’s when you want to retire early and you have a lot of assets in your IRA funds, in your 401(k) funds, in qualified accounts including your Roth IRA, and you want to retire earlier, how do you do it?
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:46:40]
MIKE: When you implement the three principles that govern proper retirement planning, there is still a beam of light to be able to retire at 57, 56, 58 years old, depending on the percentage you have of non-qualified to qualified accounts. It’s that simple. And, there are work arounds available like 72(t) or 72(q). One’s for your normal IRA assets. One, if you got sold an annuity and you’re going to draw income from that at some point, how you work around that. It is possible based on the riskless rate that’s available to you.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:47:14]
MIKE: You can take a little bit out penalty-free. It takes extremely careful planning. We want to get your CPA involved with this as well. And, we want to map it out. But, for all you that have two, three, four million dollars, and you don’t want to keep working. And you’re in your late 50s, but no 59 and a half, it’s possible. We’ve been doing it here. We had a couple actually from Seattle that wanted to retire in Arizona. Their dream.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:47:42]
MIKE: Retire in Arizona and be able to enjoy a safer retirement, but they kept working even though they hated their jobs because they just couldn’t retire. They couldn’t access their money. We made it possible.
SCOTT: So, what you’re saying now is that even if somebody has gone down the road. They have an IRA. It’s a traditional IRA. You can actually make some changes in their planning in this process, which will allow them to start taking income and not have that penalty?
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:48:15]
MIKE: It’s simply coordination between the different accounts with a team approach. You’re not going to have everyone on the football team be a quarterback. You’re not going to have everyone be a receiver. There’s different purposes for every part of it. Every part of your plan, that’s every tax qualification. So, a traditional IRA or a Roth IRA or a non-qualified account and all the different allocations and who is a part of each allocation, as well as the different investments you have, and then the needs you have for income. All must be coordinated to have a proper retirement plan. Very complicated to do. That’s why we’re here though, because it’s ridiculous to expect you to just get it.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:48:55]
SCOTT: Like the average adviser probably is not going to know what to do here. I mean, the average advisory who was focused on the accumulation side. Again, this is the distribution side trying to provide that income for the rest of your life. And you know what? I can tell a lot of people out there driving around right now listening, they’re going, “I don’t have much sympathy for people who can retire at 57.” But, they have that right, right? And, that’s a special situation. And, thankfully, there are ways around that. And, with the government in mind, because as you said, that’s very difficult.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:49:28]
MIKE: You follow the government’s rules. I can’t stress that enough. I’ve heard some really crazy situations to where, “Well, if you do this, that and the other, you can fake your way through taxes.” No. You don’t ever go there.
SCOTT: Don’t fake anything with the IRS.
MIKE: You are straight with your taxes. You are straight with the government, and you follow the rules. My point is regardless of your situation, there may be options that are available to you that are straight with the rules, that are straight with the IRS. And when it comes down to it, give you more time which is your most precious commodity.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:50:04]
SCOTT: And, if you would like to get in front of the Decker Retirement team, there is a few simple ways to do that. One is 833-707-3030 right now. Give us a call. You’ll have the option to choose from the Decker 30 Review, which is a 30 minute phone number or a 90 minute in office review, which that has a value of 2000 dollars. There will be no charge today if you’re listening right now. If you’re within the sound of our voice and you’d like to find out more about these kinds of strategies, which again, they sound unusual, but they have been well thought of. And, the idea again is to maximize what the potential is.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:50:43]
MIKE: Scott, could I comment on that real quick, because this is principle-based math-based. There’s no quick fixes here. There’s no work arounds. It is straight shooting, principle-based math-based options. The reason why it’s such a shock to so many people is they didn’t realize it was available to them.
SCOTT: And, if you’d also like to get some more information, I would go to DeckerRetirementPlanning.com. You can get started there if you’d like to do the digital side. There’s a wealth of information there as well. E-books, articles about this. Again, this is a math-based approach.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:51:17]
SCOTT: There is no guessing here. This is designed to simply to take the guesswork out of retirement planning, and this is a plan that is going to take you through your retirement. Again, for many people who planned on retiring when they started working 25, 30, 40 years ago, probably 75, well, now we’re living to 90. You have to take that into consideration. And, would it be safe to say that Decker Retirement planning is playing long ball here?
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:51:44]
MIKE: Oh, yeah. Not only long ball, we’re being very cognizant of the financial situation, the uncharted territory and really keeping our pulse on how things are.
SCOTT: 833-707-3030. This is Safer Retirement Radio.
ANNOUNCER: 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 say. Stop guessing on your retirement income, and get some clarity with a Safer Distribution Plan.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:52:13]
ANNOUNCER: 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 the 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.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:52:48]
ANNOUNCER: 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 of 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.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:53:28]
ANNOUNCER: Don’t miss out on the lifelong memories you could have enjoyed because you felt trapped by your paycheck. If you’re 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 E7 RETIREMENT IS LIKE EVEREST [00:53:56]
ANNOUNCER: Welcome back to Safer Retirement Radio. Home of the Decker 30 Review. Call 833-707-3030 now to find out how just 30 minutes can help bring you a safer 30 plus years in retirement.
MIKE: Hey everyone, just Mike Decker here. I’m going to be closing out the show in the last five minutes real quick. I just want to have a fun little heart-to-heart. I know we started the show by having the comparison, really I mean this, we are here to apply for the job to help you in the descent, if we’re using the Everest analogy. If we’re using the retirement analogy, be able to distribute assets correctly.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:54:33]
MIKE: We’ve written a number of content on our website, DeckerRetirementPlanning.com to be able to give you not only the transparency that you deserve, but hopefully that we can build through rapport, through our conversations over the radio show and other places as well mutual trust and respect that you’re willing to give us the chance to have a sit down visit, 90 minutes in person or 30 minutes over the phone that we can discuss what your retirement looks like, as a purebred fiduciary. I’ve got a couple of fun quotes here I just want to throw out there. These come from an article actually that I just wrote that’s going on our article page on the website.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:55:30]
MIKE: Three quotes in particular I want to highlight. The first one is “The struggle you’re in today is developing the strength you need for tomorrow.” This is by Robert Tew. And the reason why I love that is the struggle you’re in today, the accumulation efforts that you put in, should lead to the strength, the financial strength, of tomorrow. Hopefully you can fill that will all the work that you’ve been doing. It’s a beautiful thing, folks. Retirement is meant to be liberating and just incredible.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:55:39]
MIKE: I’m going to quote Pablo, I think it’s, Quelo [PH]. I’m sorry if I mispronounced that, but he said, “Collect moments not things.” Your memories will be the best legacy that you can possibly give to your legacy, to your kids, your beneficiaries, your friends, your family. Let’s not hoard ourselves with fear and keep ourselves into a job that we don’t like because we’re scared of the future.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:56:10]
MIKE: When you get the facts, when you can see in front of you how things can be, by following the three principles that govern proper retirement planning, you’re enabling yourself to be able to collect those moments, those precious moments that your kids and grandkids will never forget. And then the last one is “Don’t cry over the past. It’s gone. Don’t stress about the future. It hasn’t arrived. I live in the present, and I make it beautiful.” This is by an anonymous, an unknown individual. Can’t quote it, but I love how they live in the present.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:56:40]
MIKE: The present is a present to us. It is a gift. And whatever your journey is, whatever your aspirations are, however you want to spend from today on, hopefully we can do that by being proactive and with courage, not reactive and with fear. We accomplish that at Decker Retirement Planning with a Safer Distribution Plan, Safer Investment Options, a safer tax plan and so much more. Go to DeckerRetirementPlanning.com to find out more information.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:57:12]
MIKE: If you’re hearing this, you can go to our website, DeckerRetirementPlanning.com and go to the very bottom and say, “Get Started”, or you can call us right now at 833-707-3030 for a Decker 30 review. 30 minutes on the phone call or 90 minutes in person. It’s all for you at no cost to you. You must be 55 years or older and have at least 300 thousand of assets saved up for retirement. But, all in all, Retirement Radio listeners that have been tuning in or if you’re a first time, this is for you at no cost to you to enable you to be able to make those moments in the present and give the gift of memories, of great memories, to all those who you care most.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:57:52]
MIKE: Thanks so much for tuning in with us this week. We hope to be with you next week. This is Mike Decker from Retirement Radio.
RR S3 E7 RETIREMENT IS LIKE EVEREST [00:58:00]
[END OF FILE: RR S3 E7 RETIREMENT IS LIKE EVEREST. HAVE A TEAM TO HELP YOU DOWN AFTER YOU SUMMIT]
