Plan Your Path & Protect Your Retirement!

11.15.24: Audio automatically transcribed by Sonix

11.15.24: this mp3 audio file was automatically transcribed by Sonix with the best speech-to-text algorithms. This transcript may contain errors.

Speaker1:
Any examples used are for illustrative purposes only, and do not take into account your particular investment objectives, financial situation or needs and may not be suitable for all investors. It is not intended to predict the performance of any specific investment, and is not a solicitation or recommendation of any investment strategy.

Speaker2:
Welcome to Retirement Results, the national radio show and podcast for listeners like you who want to protect and grow their hard earned money. In a world filled with so much uncertainty and financial risk, we seek to cut through the noise and build successful plans for hard working Americans on their road to financial freedom. Retirement results is powered by Active Wealth Management, a team of fiduciary advisors who always place your needs first. And now your host. He's a registered social security analyst, member of the Forbes Finance Council, and author of multiple books on retirement planning. Here's is your chief financial adviser, Ford Stokes.

Speaker3:
And welcome to our retirement results. Result drivers I'm Ford stokes, your chief financial advisor. I've got Sam Davis here with us, our co-host and senior financial advisor. Sam, say hello to everybody.

Speaker4:
Welcome to the weekend result drivers. And welcome back to retirement Results. We've got another great show for you this week. Lots of great information for all of you preparing for retirement or maybe just entered retirement. And Ford, we've got a lot of news to discuss this week as well with the fed lowering interest rates again. And Donald Trump is getting his cabinet ready for January.

Speaker3:
Yeah, we've got quite the news updates from this past week. But also now is really the best time to invest in a fixed index annuity. And you really ought to consider getting into a fixed index annuity as a bond replacement strategy between now And December 1st if you can, because some of these annuity companies, as the yield goes down with the ten year US Treasury, especially with the fed dropping rates, another quarter of a percent on this past week. The annuity rates, the percent, the participation rates are going to go down as well because with annuity companies, they use the ten year US Treasury because the 100% financial reserve product, they're going to invest 100% of the money you give them in the ten year US Treasury, and then they're going to invest the interest that's generated from that investment into options like the BNP Paribas Global H Factor Index, the S&P or the Nasdaq 100 or the Q-q-q. There's a myriad of indexes out there that annuity companies use to help grow your money, and they're growing your money without market risk because your money's not invested in the market. Your money's invested, invested in the ten year US Treasury. The interest is then invested into options that give you better leverage. And so they're called hybrid products. The reason I'm bringing all this up is the fed did just lower rates. It is likely that annuity companies are going to lower their participation rates starting in December.

Speaker3:
It's out encourage you if you've been thinking about it, if you've been sitting on the sideline and you've been really impressed with the rates of return in the in the system and the participation rates that we're seeing and that we've shared on this show the last three weeks, then I would encourage you to go ahead and take advantage of those higher rates, at least lock in for the next couple of years. Give you an example. Nationwide, the nationwide peak ten. Nationwide is offering 290% participation in the BNP Paribas Global Factor Index. And what that means to you is if the index goes up 10% in a single year, that would be 290% or 2.9 times ten. That's 29% less than 1% spread rate for net rate of 28%. A net interest growth rate that's extremely attractive in a single year is a two year protection. It's a two year protection period on that product. You might want to consider getting in a product like that where you can get market like gains without market risk, but then also get 2.9 times less. A 1% spread rate on the money you put in that product. So I'm just doing it off the off the jump here on the show, because I want to make sure you understand the fed is likely going to come down, down and down as the as the economy gets gains strength as inflation continues to be reduced because inflation is going to go down with Donald J.

Speaker3:
Trump buying up the the oil reserves and the gas reserves and the petroleum reserves. He's going to do that. And he's going to make sure that the US has got all those reserves intact, and that's going to be more supply and less demand. So you're going to see a real opportunity for those oil and gas prices that are going to go down over the next six, 12 months. So inflation is going to go down. It's likely the Fed's going to go down commensurately with it. So now's the best time to replace the bonds in your portfolio. I mean why are you taking risk with your bonds when you can actually go ahead and get into a fixed index annuity? It's going to give you an income you can never outlive. And then we can go from there. That's a really good idea. And so I would encourage you to go ahead and give that a shot. All you got to do is reach out to us at retirement Results.com. That's our retirement Results.com. And then you can also call us at 77068517777706851777. Sam, your thoughts on that nationwide peak ten and being 290% participation rate and now. And do you really feel like it is a great time to purchase that annuity is a bond replacement.

Speaker4:
Yeah, well, the nationwide peak ten has been a fantastic tool that we have been using forward for well over a year now. We've had clients invested in that for over two years, and they're starting to see interest credited that they're really happy with. And with interest rates pointed downwards, this is the best time, you know, if you're looking to lock in the rates. Nationwide's peak ten FIA offers a high bonus when you replace a percentage of your portfolio with a fixed indexed annuity. You delete the fees on that portion of your portfolio, and you also eliminate risk while generating that personal pension that you cannot outlive. So it's really attractive to a lot of folks out there who are just entering retirement, or even those who are within ten years of retirement. It's a great way to start building up your portfolio and protecting that portion of your money that you've worked so hard for.

Speaker3:
Yeah, Sam, you're going to share an annuity product is great for the kids and grandkids to love. All they've got to be is 18 years old, and so that would be a pretty good situation. Um, we're going to talk about that product, um, at the beginning of segment two. But let's go ahead and let's share what's going on with Donald J. Trump and the transition team and all of his publicly announced appointments to different offices. And I think it's been just really fantastic. Chief of staff Siouxsie Wiles, uh, she's a go getter. Um, they call her the ice queen. And she ran Trump's campaign in Florida in 2016 and 2020, and she ran the campaign, and she was one of the two that ran the campaign in 2024. And she was very successful. I think she's been incredible. I think she's gonna be an incredible chief of staff. And what's really interesting, and I couldn't believe this. Sam is she was the first woman ever to be selected to the post as Chief of staff. I thought that was a remarkable thing. So Elise Stefanik, the congresswoman out of New York, she's in an R plus ten district, so it's likely that a Republicans will replace her there as well. Um, super excited about her leading the charge over there in the United Nations. National security adviser Michael Waltz. You've also got border czar Tom Homan, which is really, in my opinion, one of the most important positions he's going to appoint in his cabinet. Uh, Tom Homan is a big deal. He was head of ice before.

Speaker3:
I think Tom Homan is going to keep my family safer. Um, ambassador to Israel is Mike Huckabee. Governor Mike Huckabee, congratulations on that. Um, Governor Huckabee, we're huge fans. Uh, EPA administrator is going to be Lee Zeldin. He's also out of New York. Then you've got Middle East envoy Steven Witkoff. We've got white House counsel William McGinley, CIA Director John Ratcliffe. I'm hoping the FBI director will be Kash Patel. Hopefully that will happen. Um, you had Department of Government Efficiency, Elon Musk and Vivek Ramaswamy. That is probably the biggest news of all. And is there actually will be a Department of Government efficiency. And they're looking to sunset their work by July 4th, 2026, as a present to the United States of America on our 250 50th anniversary. And then we've got Secretary of Defense Pete Hegseth. I'm a huge fan of Pete's. I think he's going to be a great job. He's he's got two bronze stars, major in the Army. Way qualified. He's got degrees from Princeton and Harvard. Um, interestingly enough, he said he wouldn't send his kids to either Princeton nor Harvard. Um, he would send his kids to, like, Liberty and a few other schools. You've got homeland security is going to be Kristi Noem. He's the governor of South Dakota. She's amazing. Uh, deputy chief of staff Dan Scavino. And the biggest, the biggest. The last three news would be Director of National Intelligence Tulsi Gabbard, who was a Democrat that switched over from Hawaii. And then you've got Secretary of State Marco Rubio, the senator out of Florida.

Speaker3:
Great job there. I think he's going to do an incredible job as secretary of state. He should be an easy appointment. Um, and then the hardest appointment of all is Matt Gaetz at US Attorney general. But I get it. I understand you need a bulldog in there, and you need somebody that's extremely loyal to you and not have the Jeff Sessions problem that we had before with special counsel's getting named. So I just think it's incredible, Sam, what he's done. And I think this cabinet is an example of the find out part of the equation. I think the the Democrats messed around with lawfare and a few other things. Trump is not taking Any any BS. He is going to go straight forward and he is going to implement his agenda. Because Trump truly believes he got a mandate with over 5 million votes and the popular vote, an advantage where he won the popular vote, and he also won 31 out of 50 states. That's 31 to 19. For those of you who are keeping track at home, just congratulations to President Donald J. Trump on these incredible selections. Hope he gets all of them through. I think he'll get all of them through. And gates is kind of a 50 over 50 thing. I'm pulling for gates to get to get through and be nominated as the attorney general and actually be sworn in. And we come back to the break, we're going to talk about how to plan your path and protect your retirement right here on retirement results on Am 920. The answer.

Speaker2:
Retirement results. We'll be right back to learn more and schedule your complimentary retirement consultation, visit retirement Results.com.

There's nothing I could say, nothing I can do. Change your mind. I'm so in love with you too deeply. You can't get out. You just walk on in.

Speaker2:
You're listening to retirement results. And now back to the show.

Speaker3:
And welcome back. Result drivers. I'm Ford Stokes, your chief financial advisor. I've got Sam Davis here with us on the mic. He's our co-host and senior financial advisor. And so if you're wondering who a result driver is, it's somebody that listens to this show. This show is retirement results. And we're presented by Active Wealth Management. We're actually powered by the advisors at Active Wealth Management. And Sam and I are two of those advisors are registered investment advisory firms, got over $8.8 billion in assets under management are registered investment advisory firm is Brookstone Capital Management. We are investment advisor representatives with Brookstone Capital Management. We also are life and health licensed here in the instead, Georgia and many other states. And we can help anybody with their annuity needs, with their assets under management, needs to protect and grow their hard earned and hard saved assets. We also can help you maximize your Social Security income. I'm a registered social security analyst. There's only like 15 of us in the state of Georgia as an example here to help you with that, with that, and we do that for free. We run our plans for you. We run our financial plan, your 95th birthday. We give you a retirement income gap analysis. We give you, um, a Roth conversion plan. And we do all of these different plans for you. Absolutely no cost to you. It's a $2,500 value. In addition, the Social Security maximization report is another $350 value. We do all that for free. So $2,850 worth of total value here. And we'll do that. All of that at no cost to you because you listen to retirement results because you as a listener are retirement results are a result.

Speaker3:
Driver you want to drive real results for your retirement. I would encourage you to go to reach out to us at (770) 685-1777, again (770) 685-1777, and also visit us at retirement results.com/plan. That's retirement results. Com forward slash plan. Or just click that schedule a consultation button in the upper right corner. Lastly you can check us out at Active Wealth. Com to to see our corporate site. All right Sam we get this question a lot. Hey Ford, what kind of safe product can I invest my children's money in or my grandchildren's money? How can I buy something for my kids and grandkids? Let's say it's $25,000 or more. So it has to be a minimum of 25 grand. But how could I invest that and let that money grow for my kids. What should I invest in? And one of the ways to do index an index universal life policy where the money can grow tax free. But there is cost of life insurance. But the other way to do it is to invest in a fixed index annuity and just let it grow and grow and grow over time. And one of those I think is really amazing is this SPDR product. Can you tell us a little bit about that product? You're going to invest in this product yourself. You really like this product and you're over 21 but less than 30. So younger than 30. So this really hits home with a lot of that age group for kids and grandchildren that a lot of our listeners have. What is that product and, and, and why do you think it's such a good idea to invest as early as you can?

Speaker4:
Yeah, we're talking about the SPDR Synergy Choice Bonus ten. This is a fixed indexed annuity. And the real main thing that I want to focus on for the Aspida synergy choice bonus. Number one, you get the bonus right off the bat 15% bonus and 100% principal protection, so your investment is not at risk in the market. However, the performance of your investment is linked to the Invesco Q-q-q, which is a very popular ETF. It's on the Nasdaq tracks a lot of those tech stocks. It's actually outperforming the S&P 500 index. Over the last five years, the Q-q-q has yielded 153.65%. Just pulling it up here today as we're recording, you get 85% of the SHS gains without assuming any of the risk. And Ford, I'm really prepared to put my money where my mouth is when it comes to my retirement, knowing that I can invest in something like this over a period of 30 years. Capture 85% of the gains and not have to suffer any of the losses so that that principle and that investment can grow like stair steps over time, rather than have to ride the Wall Street roller coaster for all of my retirement savings throughout my career.

Speaker3:
What's interesting here is we're looking at a chart that shows the Invesco Q-q-q is up 153.65% since October of 2019, and the S&P 500 is up 103.52% over the same time period. It's very difficult. You probably won't see many products or any products that are giving you 85% of how the S&P performs, but to get 85% of the Q-q-q performs and outperform the S&P is pretty remarkable. So to give you an idea, if you take 153.65% times 0.85, you would have gotten 130.6% if you'd been in this product since 2019. That is a remarkable results. Um, just in a short period of time. And you're also getting 15% immediate bonus directly into the account value that vests over ten years. If you're going to hold it longer than ten years, you're going to get that 15% as well. Over the last two years, the Q-q-q has done 83.7%. So you would have gotten about 70.6% growth over two years if you were to own that product for two years, plus the 15%, that's 85% point 85.6% total. That is a remarkable, remarkable growth rate. And Sam, you got to look at what this thing's done over ten years. Yeah. For it over the last.

Speaker4:
Ten years, the Q-q-q performance yields 417%. So, you know, for someone like me or anybody out there who's early in their career and not to say that this isn't a good option for those who are pre-retirees or retirees, it's certainly an option for you as well. We may recommend a different product, but Aspida is an A minus rated carrier that is considered an excellent rating, and over a period of 30 years, I should be looking at seeing my principal double multiple times during that span.

Speaker3:
Yeah. No question. So if you're looking at it well, hey, I want to really protect the income portion of my portfolio, then why wouldn't you just invest in something like the Aspida Synergy Choice bonus ten it's a ten year product especially. You're going to let it grow over time, and it'll allow you to take, you know, between 1 and 10% a year penalty free. So you can if you need some liquidity, you can take up to 10% of what you're going to put in. So if you put in, you know, $300,000, you can get up to 30,000 any year you want. That's a pretty good situation. And you do have to leave the lion's share of your money in that product. Um, so you're not subject to withdrawal penalties and surrender charges. But that's why these products work. Because they need you to leave your money in there. The Aspira Synergy Choice Bonus ten is a great product. The Nationwide Peak ten is a great product. Both of those are ten year products. That's a really good place to start if you're looking to figure out, hey Ford, I want to get my income more efficient. I want to delete the advisory and portfolio fees from my accounts. I want to stop paying advisory and portfolio fees for income that's coming into my account. I want to just get rid of the bonds, because the bonds haven't performed over the last couple of years or the last 3 to 4 years, with the interest rates were rising and they were losing market value.

Speaker3:
If you held if you held bonds from like 2019 and earlier, you've lost significant value because the interest rate has gone up and those new interest rates that are higher than the one you previously had, those are more attractive to attractive investors. So you have to discount your bond just to even be able to sell it. So you're not even worried about default risk and other types of risk. So I would encourage you to go ahead and consider investing into the nationwide P ten or the SPDR Synergy Choice Bonus ten. Both of them come with bonuses. The nationwide P ten comes with a 20% income bonus, and the SPDR comes with a 15% account value bonus. Both of those vest over the life of those annuities over the ten years. And what you're also looking for with a fixed index annuity is you're trying to get the interest rate to be higher than the withdrawal rate, and having these underlying indexes and also having high participation rates, it is likely that the interest rate growth is going to be higher than your withdrawal rate. Let's say your withdrawal rates right around 5%. That's really fantastic. You also get more of your money each and every year than the traditional 4% withdrawal rate. I would encourage you to go ahead and reach out to us at 77068517777706851777. And Sam, you got one more thing for us before we go to the break.

Speaker4:
Yeah. Just one minute left in this segment. Just want to remind all of the result drivers and our loyal listeners out there that you can actually listen to this show on demand. You don't have to wait for every weekend on Am 920. The answer? You can actually listen wherever you listen to podcasts, whether that be on Apple, Google, Spotify, iHeartRadio, Pandora, wherever you like to listen to your music and your podcasts, you can find retirement results. Just search retirement results and you can go back and listen to any episode you like and give us a call with your questions. We love talking to our listeners, Ford. We're going to be right back, and we've got a quote of the week and some important news for the result drivers you're listening to. Retirement results.

Speaker2:
Schedule your free no obligation consultation now by calling toll free at (888) 814-0304.

Tonight we share the spotlight. The famous lights are back.

Speaker1:
Fixed annuities, including multiyear guaranteed rate annuities, are not designed for short term investments and may be subject to restrictions, fees and surrender charges as described in the annuity contract. Guarantees are backed by the financial strength and claims paying ability of the issuer. Hi, this is Matt McClure, senior financial advisor with retirement results. You've saved your whole life so you wouldn't have to worry about your money when you retired. But you worry more now than ever. You've been a good saver. You have 500,000, maybe $1 million or even more. You should feel confident, but you don't. You're worried a big loss will wipe you out. You saved so you could spend during retirement, but you don't. You're worried you'll run out of money. You want to retire, but you don't. You're worried you don't have enough. Does any of this sound familiar? Well, it should, because we hear these things all the time from people just like you who are preparing for retirement or even already retired. So why do you worry so much? It's because you don't have an actual plan in writing. Nothing to guide you through retirement. Retirement results helps people just like you. You'll get a free, customized written retirement plan. That's right, free and no obligation. Schedule your meeting now at retirement results.com/plan. That's retirement results.com/plan.

Speaker2:
Investment advisory services offered through Brookstone Capital Management LLC, a registered investment advisor. While Washington's spending keeps growing, your retirement doesn't have to shrink, protect, and grow your hard earned money today by calling us at (770) 685-1777. That's (770) 685-1777 to connect with a qualified advisor.

Speaker3:
And welcome back result drivers I'm George Stokes your chief financial advisor. We got Sam Davis here our co-host and senior financial advisor with us. Sam, we're talking about how to plan your path and protect your retirement, and why a properly balanced plan is key to a stress free future. So what I want to do is kind of dive into four total things between now and the end of the show. We've got half the show left to go here. Number one is, do you have a real plan for retirement? We want to help you put an actual plan in writing. Number two is the benefits of a comprehensive financial plan. We explain why it pays to plan ahead. Number three is interest rates were lowered again. And we explain what this means for your investment portfolio. And then number four is important reminders for retirees. Don't miss these important reminders. You're 65 years and older. So we're going to go through those in segment four. But Sam we just were talking about the SPDR Synergy Choice bonus ten. We've also talked about the nationwide peek ten, both those great bond replacement strategies. Sam, you've talked quite a bit about hey, if you could get 85% of the growth of the Q-q-q, the Invesco Q-q-q index slash ETF with no downside risk, why wouldn't you do that? Can you just expound on that a little bit? Yeah.

Speaker4:
Well first off, getting that 15% bonus right off the bat gives you a leg up and increases that principal on day one. So you get a 15% bonus on day one. And then from there on out, the ability to capture 85% of the gains of a great index, a great ETF like the Q-q-q with none of the downside risk, especially over a period of time, like 30 years. For me, I'm thinking about saving for my own retirement. But for those of you in your 50s, you may be thinking about looking to protect your nest egg over a 30 year retirement. Because if you're in your 50s now, it is not at all unreasonable to think that you need to build a retirement plan for it that lasts 30 years or more. And that's why when we do our plans for our result drivers and radio show listeners and our clients, we do it to age 95 every time.

Speaker3:
Yeah. I mean, I think it's a really good idea. Let's let's go ahead and try to get that as part of the plan. But if you've got questions about, hey, can I get my own illustration on how that Aspida synergy choice ten or the nationwide peak ten would do? Um, also, if you want to learn how you can delete any advisory fees and portfolio fees you're paying on the income portion of your portfolio, I'd encourage you to go reach out to us at (770) 685-1777. Again (770) 685-1777. Or you can visit us at Retirement results.com and click that schedule a consultation button. You know, Sam, it's tough sometimes for people to remember phone numbers. It's better for them just to go ahead and visit retirement Results.com or Active Wealth. Com we've got that scheduled consultation button in the upper right corner, and people can just go ahead and reach out to us and get put directly into our calendars. And Sam, you got our financial wisdom quote of the week. We're going to share this one a couple of segments late because we we jumped on all the news with Donald Trump's appointment cabinet appointments. Um, and that was really great news. And we also were able to share a little bit of information on the front end about what's going on with interest rates and how the participation rates are really high right now, and you really want to try to take advantage of those, if you can, by visiting us at retirement Results.com or active Wealth.com. Sam, go ahead and share that financial wisdom. Quote of the week.

Speaker5:
And now for some financial wisdom. It's time for the quote of the week.

Speaker6:
This week's quote of the week.

Speaker4:
Comes to us from author Earl Nightingale and Earl Nightingale once said as in all successful ventures, the foundation of a good retirement is planning and Ford. That's exactly what we want to talk about with the rest of this segment, because we find that a lot of people feel like they have a retirement plan, but when they come in to meet with us and have us do an analysis of that plan, what they really have are a few different retirement accounts. And often we see that they're not even sure what's inside of those accounts. They're not sure what they're invested in. A lot of people can't tell you what they're paying in fees or what the correlation of their assets is. And that's why having a third party analysis of your plan is so important, because it's likely one of the most valuable assets you have, aside from maybe your home is your retirement savings. Wouldn't you like to know what's in there? And wouldn't you like to know what you're paying in fees? And if we could improve that?

Speaker3:
Yeah. No question. Absolutely. Also because Tom, I want to keep keep going here real quick. And the question for all of our result drivers is you're driving around listening or listening to us on the podcast. Do you have a real plan for retirement or and financial planning from a professional goes beyond just having a retirement account. Sam, can you kind of outline a true retirement plan?

Speaker4:
Yeah. One of the most important components of a true retirement plan is addressing your current income needs and expenses, because that's going to help us with part two. That's projecting your future income needs and expenses. In most cases, we want to build a situation where you can replace that paycheck that you were earning during your working years. And in most cases, we want to give you more income per month than you feel like you need because with inflation and, you know, over a 30 year retirement, we want to plan for expenses that are ever increasing.

Speaker3:
So number one, you want to address your current income and expense needs, like Sam said. Number two is you want to protect future income needs and expenses to make sure that you don't have to go back to work and you don't have to say, hey, welcome to Walmart. Even though I know the Walmart got rid of the greeters. Number three is you want to include inflation considerations, taxes and other non-controllable. If you think taxes are going to go up in the future, hopefully with Donald Trump, our taxes are going to stay the same or go down, they'll they'll actually repeat the Trump tax cuts. Hopefully that will happen in January. And then number four is you want to create a roadmap for achieving specific financial goals like funding a grandchild's education, traveling the world or leaving a legacy that's really important as well. Um, I think it's a good idea for you to kind of build a vision for your retirement. Like, what are you doing? Who are you with and how are you going to fund that retirement so we can help you do that? We provide our listeners with a complimentary consultation and retirement plan. And here's what you get. You get five things. Number one is you get a portfolio analysis. It analyzes the fees you're paying, the risk you're taking with your investments and the correlation of your assets. Number two is we give you a retirement income gap analysis to understand do you have a positive retirement income surplus or a negative retirement income gap. So let's try to figure that out. Number three is we're going to give you a financial plan to your 95th birthday with your current financial plan. That has nothing to do with us. Then number four is we're going to give you a financial plan to your 95th birthday with our recommended portfolios.

Speaker3:
And then number five is we're going to give you a financial plan to your 95th birthday to includes a Roth conversion plan as well. So you can delete the IRS that are being your partner in retirement. And part of that number two, plan on the retirement income gap analysis. We're going to give you an RSA roadmap, which is a Social security maximization report that comes from me, a registered Social security analyst. And we do all that for free. All you got to do is get us your XML files. It's x ray Mary Lima Schema XML files from Tsa.gov. That's the Social Security Administration's website. If you email us those two reports for a married couple, it's just like there's one per person. Um, we'll be able to understand your top 35 earning years. We do try to avoid using just the PDF statement they give you, because they're aggregating decades and they're off about 5%. And it's not necessarily 5% in your favor. Doesn't mean that Social Security Administration folks are bad people or they're against you or anything. It's just the way that they're reporting it back. So the best way for us to get real detail as a registered social Security analyst is to get those XML files. We give all of that to you at no cost. It's a $2,850 value in total. But because you listen to the show, we're going to give it to you for free. All you got to do is call us at (770) 685-1777. That number again is (770) 685-1777. Or you can visit retirement results.com or active wealth.com. And we come back from the break. We're going to detail six clear benefits of a comprehensive financial plan. We'll revisit really quickly how the fed lowered interest rates again by 0.25%.

Speaker2:
Thanks for listening to retirement results. Schedule your complimentary financial consultation now at retirement Results.com.

Speaker1:
When it comes to retirement planning, focus more on income than building a big nest egg. I'm Matt McClure with the Retirement Radio Network powered by Amira Life. It may sound counterintuitive, but that big nest egg number you probably have in your head means a lot less than the income you'll have each month in retirement.

Speaker7:
The math has all changed here, but the bottom line is time is your superpower. Save as much as you can.

Speaker1:
Nbc news senior business correspondent Christine Romans recently said on the Today Show that you should not just rely on Social Security in your retirement years.

Speaker7:
Social security alone is not likely to support you in the manner to which you are accustomed. Right. You want to wait as long as possible to get that. Maybe 70. If you wait till you're 70 to collect Social Security, you'll get the biggest check.

Speaker1:
And she says, contribute to your retirement accounts early and often.

Speaker7:
So this is from fidelity. They say at age 30 you should have one time your salary in a retirement account when you're 30. So think about what your salary is at age 30, and that's how much you should have in your entire retirement account. By 50 it should be six. This is where I start to freak out, because I know a lot of people can't and don't do this by age 67, it should be ten times a personal pension.

Speaker1:
Using a fixed indexed annuity is also a great option for many pre-retirees and retirees to consider. It offers protection from market volatility and a guaranteed stream of income that will last the rest of your life, no matter how long you live. Having a big nest egg may sound nice, but focusing more on income will set you up for success in your golden years. So do you know where your paychecks and paychecks will come from each month when you leave the workforce? That's a key question to consider as you plan for what's ahead with the Retirement Radio Network. Powered by Amira Life. I'm Matt McClure.

Speaker2:
An active wealth management. We know you've worked hard for your money, and you've worked even harder to save it. When it comes to wealth management and planning for retirement, Ford Stokes of Retirement Results is passionate about helping people protect and grow their wealth while educating them on all their options so they can choose what's right for them. Visit retirement Results.com to schedule your no obligation consultation today. It's a $1,500 value provided at no cost to you. Book yours now at retirement Results.com. Miss part of today's show. Retirement results is available wherever you listen to podcasts and online at retirement Results.com.

Speaker3:
And welcome back to retirement results on George Stokes, your chief financial advisor got Sam Davis here with us. She's our senior financial advisor and co-host. Sam, we said right at the break, we're going to talk about these six clear benefits of a comprehensive financial plan. Number one is you get a full financial picture. I mean, look, a lot of people are surprised by seeing how everything they own and owe in one place changes their perspective. You know, we try to give you a 360 degree view, which allows you to understand your financial standing better and prioritize goals like debt repayment, saving and also investing. So go ahead and share. Number two.

Speaker4:
Yeah, we want to most importantly for give people confidence in their financial decisions because we say this a lot on the show. Knowledge is power. And this survey data backs it up. 65% of people with a true retirement plan feel financially confident, compared to only 40% of people for those who don't have one. So if you want to feel confident, you want to feel better about your financial decisions, make sure that you you know, trust, but verify and seek to learn as much as you can.

Speaker3:
Yeah, this next one. Number three, it gives you permission to enjoy spending. There's so many people that really don't enjoy spending. They really worry and they fret over it. The word fret, I think is, is apropos here. Knowing that your retirement goals are achievable and current relieve spending guilt. We want to help relieve that spending guilt. Many people find peace in knowing they can afford to travel, give gifts to family, or spend on hobbies without jeopardizing their future security. I think that's a big one. And if you've been concerned about spending money, um, it's kind of like some of the commercials you're hearing, um, during the week from us during, um, right here on Am nine showing the answer if you get a million or a couple million saved up. And you feel like, you know, I just can't spend it. I don't know what's going on with my investments. I've been concerned and all that kind of stuff. I would encourage you to go ahead and reach out to us at retirement Results.com, and we'll get started on helping you understand just how much you can really spend and be confident in that spending.

Speaker4:
Now, the next one here, Ford, a true financial plan and a comprehensive financial plan provides peace during market volatility. And between the Aspida Synergy Choice Bonus ten and the nationwide peek ten, a couple of FIA investment options that we've discussed already during this show that gives you that 100% principal protection and it gives you peace. If the market is going through a correction or going through volatility. You know, I'm very confident about where the market is headed over the next four years. But that doesn't mean that I'm not going to be smart and take safe risks with my investments. And and so having that plan in place will give you some peace during market volatility.

Speaker3:
Yeah, no doubt about it. Number five you'll have annual reality checks. We reviewing your financial plan every year offers really a reality check. Life changes. You've got like career shifts or a new grandchild. This may prompt adjustments in savings or spending to keep on track. We're here to help you do that.

Speaker4:
And the last one here, Ford, is avoid major financial surprises. Having that plan in place can help you mitigate those surprises by modeling those what if scenarios and and taking care of what could potentially happen. You know, it could be an unexpected medical expense. It could be inflation is worse than we expect going forward. But building a plan that gives you that safe buffer can help you avoid those major financial surprises. It's the final.

Speaker2:
Countdown. So let's recap what you may have missed. It's the.

Speaker8:
Final countdown. The final.

Speaker3:
Countdown. On today's show, we went over Donald Trump's really ambitious and bold cabinet appointments. So far, we're super excited about all of them. We wish all those appointees Godspeed and good luck through the Senate confirmation process. And hopefully you get confirmed to lead those areas of Trump's cabinet and those departments that'll really help our country move forward very quickly. We also are really hopeful about the job that Vivek Ramaswamy and Elon Musk are going to do with the Department of Government Efficiency with Doge, as we're super excited about that. Good luck there. And, um, just, uh, congratulations again to, um, Siouxsie Wiles or the first female chief of staff ever in the white House, which I thought was really interesting. The Republican did that. And, um, and also to Senator Marco Rubio, um, getting appointed and announced as Donald Trump's secretary of state. Hopefully he'll get confirmed by his colleagues really quickly. So we also just we just recapped six clear benefits of a comprehensive financial plan. Number one, you get a full financial picture. Number two is you build confidence in financial decisions. Number three, it gives you the permission to enjoy your spending, which I think is really important in retirement. Number four, it provides peace during market volatility. So that peace of mind is really helpful, especially if you can replace the bonds in your portfolio. Number five is you'll have an annual reality check.

Speaker3:
So you get an understanding of where you stand, what happens when you've got a birth of a grandchild or a career shift or whatever. And then number six, you can avoid major financial surprises by having a real plan in place. And if you want a real plan, all you got to do is give us a call at 06851777. And we're happy to talk to you about that. And then we've also gone over two really important financial products. It's the nationwide Peak ten and the SPDR Synergy Choice Bonus ten. Both those products are fantastic products and they're good bond replacement products. They're offered by annuity companies. They are fixed index annuities. They're not variable annuities. The fees are very low compared to what variable annuities would be. And you're also able to build that income you can never outlive get market like gains without market risk. And with the SPDR you all you got to be is 18 years old. To qualify with the nationwide peak ten, you've got to be 45 years old or older to be able to invest in that product. And these are just great ways to replace the bonds in your portfolio. It also gives you true diversification. You're diversifying between stocks and and securities and ETFs and things like that are on financial markets. And then you've got insurance products, annuities or insurance against you.

Speaker3:
Living to long life insurance is against is an insurance against living too short. We're talking about annuities that allow you to never outlive that money. And therefore you can count on that money coming in each and every month. Well, the joke is a lot of farmers hats are bent in on the sides when they're looking in the mailbox for that farm subsidy check. Uh, totally understand a lot of folks are looking for mailbox money. Give us a call at (770) 685-1777. Also want to say good luck to the North Forsyth Cheer Comp team as they head to the state championships. They won their region this past week. My twin daughters are in it and um, they they're on that team and I hope they do very well. Good luck to all the cheerleaders heading down to the Georgia High School Association. State championships in the making arena. It's crazy that it fills up that entire arena. It's an unbelievable spectacle down there in Macon every year. And thanks to all the good folks in Macon that host us. And good luck to North Forsyth. Go, Raiders! And, um, hopefully they can pull off a state championship going back to back. Listen, tune in next week we're going to talk more about how to build a smart retirement plan for your financial future right here on retirement results. Have a great week everybody.

Speaker2:
Thanks for listening to retirement results. You deserve to work with an independent team of fiduciary advisors that will strategically work to protect and grow your hard earned assets. To schedule your complimentary financial consultation, call us now at (770) 685-1777. That's (770) 685-1777. To connect with a qualified advisor. To learn more about our mission and our team, visit. Retirement Results.com. Investment advisory services offered through Brookstone Capital Management LLC. Bcm, a registered investment advisor. Bcm and Active Wealth Management are independent of each other. Insurance products and services are not offered through BCM, but are offered and sold through individually licensed and appointed agents. Investments involve risk and, unless otherwise stated, are not guaranteed. Past performance cannot be used as an indicator to determine future results. Registered investment advisors and investment advisor representatives act as fiduciaries for all of our investment management clients. We have an obligation to act in the best interest of our clients and to make full disclosure of any conflicts of interest, if any, exist. Please refer to our firm brochure, the ATV Two-a page four for additional information.

Speaker1:
Where's the best place to hang your hat when you retire? I'm Matt McClure with the Retirement Radio Network powered by Amira Life. Whether retirement is just around the corner or several years away time is ticking on planning not only your finances for your later years, but where you want to live out your post-retirement life. Personal finance website WalletHub recently released its list of best states to retire in 2022.

Speaker9:
Florida unsurprisingly ranked number one, followed by Virginia, Colorado, Delaware and Minnesota.

Speaker1:
Wallethub analyst Jill Gonzalez.

Speaker9:
The top ten continues with North Dakota, Montana, Utah, Arizona, and New Hampshire.

Speaker1:
So what makes a state one of the best to retire in?

Speaker9:
The study was based on 47 metrics, including tax friendliness, the elderly population, golf courses per capita, and shoreline mileage. As for.

Speaker1:
Florida, which landed the top spot this year, Florida.

Speaker9:
Excelled in tax friendliness, fellow retirees and things to do, but could use improvement with home health aides per capita.

Speaker1:
Even though the Sunshine State is number one overall, if finances are your primary concern, you might want to consider a move to Mississippi. It ranked as the state with the lowest overall cost of living. As for tax friendliness, Alaska jumps to the top of the list. But what if you want some culture in your retirement years? New York ranks as the number one state when it comes to the number of museums per capita. The trade off there is. Naturally, the Empire State is one of the most expensive in the country. So where do you want to spend most of your time in retirement? And what factors are most important to you when considering a potential move? Those are key questions to consider as you plan for the future with the Retirement Radio Network powered by Amira Life. I'm Matt McClure. Any bonuses mentioned may be subject to additional restrictions and regulations based on the offering. Annuity company you may not receive the bonuses if the contract is fully surrendered, or if traditional annuity payments are taken, and if the policy is partially surrendered, it could result in a partial loss of bonuses. Because these are bonus annuities, they may include higher surrender charges, longer surrender charge periods, lower caps, higher spreads, or other restrictions that are not included in similar annuities that don't offer a bonus feature.

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