Invest in a Personal Pension & Satisfy Your Required Minimum Distributions

12.6.24: Audio automatically transcribed by Sonix

12.6.24: 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 your chief financial adviser, Ford Stokes.

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

Speaker4:
Welcome to the weekend result drivers, and welcome to the holiday season. I hope everybody's doing well. I hope you had a great Thanksgiving. I hope the holiday shopping is going well. And Ford has gotten really chilly here in the Atlanta area and in the southeast. And it is just that time of year. The sun's going down around 430. And that that that parka has been pulled out of my closet. Yeah.

Speaker3:
It got down into the 20s the other night. Um, it's crazy. So I hope everybody's having a great holiday season. We were down in Pensacola and Gulf Shores down there with the Stokes family. We were there at my uncle's place. My uncle's got a couple of high rises, high rise like condos. And he's also got a place like, right on the Intracoastal there in Pensacola. It's really cool. And he's he's an ex-Marine who went to the Naval Academy, and he's got a pretty, pretty nice sailboat and stuff. So it was great. We had we had turkey out by the pool and on the water. That was really neat. And we had like over, I think over 30 people there. That was pretty remarkable. It was great to be able to spend Thanksgiving with my dad. My dad is now 87 years young, and so it was good to give him something to look forward to. Um, and then we were able to get back and then, you know, Sam, I know you had family that came through, um, Atlanta. And you guys enjoyed your time as well with you and Bailey?

Speaker4:
Yeah, it was great. We had all of our favorites in the Davis household on on the dining room table and enjoyed some time together putting up the Christmas tree and decorating for the holidays. And and really, that's what it's all about. You know, for me, I enjoyed hearing about your trip. I think Bailey and I need to make it down there to the Panhandle and Gulf Shores again. We went to Gulf Shores when we were just starting to date when we were in college. And I need to go back because really, the, you know, Florida and lower Alabama has some of the best beaches around and some great retirees down there. In fact, our retirement results TV show was down there in the Panhandle for a little while. And, you know, I think that's just what it's all about. And you really start to think about that stuff more around the holidays. And and that's why we encourage people to have that smart vision for their retirement, to know and understand what are they doing? Who are they going to do it with and how are they going to fund it?

Speaker3:
Yeah, we encourage everybody to kind of get that smart vision for retirement. It is really a good idea to understand, like Sam, like you said, like how are you going to spend retirement? Like, what are you doing? Who are you spending your retirement time with? And then how is it you're going to pay for all of it? So we're trying to help you do that today. We're talking about preserving your legacy and protecting your lifestyle. And while income planning is vital for a secure and successful retirement, also we want to give a shout out to all of our loyal result Driver listeners. I mean, you may ask yourself, hey, who's a result driver? A result driver is someone who listens to this show, who's looking to build a tax efficient, fee efficient and market efficient portfolio and kind of in that order, we want to at least take care of the first two things to try to minimize the fees you're paying and minimize the taxes you're paying. Those are the things you can do outside of market return. Um, also, I would encourage everybody, since some people in the fed came back and said that, hey, they're looking to reduce interest rates again in December, now is the perfect time to invest in a fixed index annuity and replace the bonds within your portfolio as you're looking to fund your retirement.

Speaker3:
I'd encourage you to reach out to us at retirement results.com/plan. That's retirement results.com/plan. We've had several folks over the last couple of weeks that have reached out regarding that website. You can also give us a call at (770) 685-1777. Again 1777. We're going to talk about on today's show how Americans love a pension. We explain why employers aren't likely to offer one either. Also, tips for listeners without pensions, how you can build guaranteed income into your plan, and also why you shouldn't rely on Social Security and why you should diversify your income streams. And also, we'll talk a little bit today about smart safe investing as part of that overall smart retirement plan. You can also do some smart risk investing as well with tactical asset allocation. That's what we use to implement a majority of our portfolios. Here at Active Wealth Management, we like to rebalance at least once a month, kind of get a good look at how things are going, and try to select the investment allocations that we think are going to perform the best over the next six months, each and every month. That's what our investment planning team does. Sam, why don't you go ahead and share this week's financial wisdom quote of the week that definitely falls into this income source conversation.

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

Speaker4:
Well, I always love when we're able to share a quote of the week from Warren Buffett. The Oracle of Omaha, the renowned investor, and Warren Buffett once said, never depend on a single income. Make an investment to create a second source. And for a lot of our listeners to retirement results, know that diversifying is one of the most important things you can do as an investor, but it goes beyond just diversifying your investments in the stock market or among different asset classes like stocks and bonds. You also want to diversify those income sources. And if any of you out there listening are business owners, you know that having those multiple streams of income is key and the same goes for you and your retirement. Hey, man.

Speaker3:
I mean, I think it's a really good idea to try to create your own personal pension if you don't have a pension, if all you have is a 401 K, one is you've got a tax problem that we need to help you deal with and try to get going on a Roth conversion. The second is you don't necessarily have a consistent income that's going to be lucrative enough to meet your obligations during retirement. The third is we really want to protect the retirement income portion of your portfolio. We really want to do a great job at doing that because if everything goes poorly, I mean, you've got, you know, a couple of bogeys with the economy, which is the commercial real estate bubble. That is really a concern for 2025. A lot of those loans are kind of coming due, and you've got things like New York City's at 50% occupancy rate, um, with all of their commercial real estate properties, which is a real concern for a lot of folks, you've got the banks that have lent money on those locations, on those buildings, and there could be a bailout. But that's that's really one of the bogies out there. I'm very bullish about what's going to happen in the markets over the next four years with Donald J. Trump being our president of the United States and super excited about him getting inaugurated in January, on January 20th.

Speaker3:
And please, please stay safe. President Trump, please. Or president elect Trump and also call on President Trump as well. Please, please, please stay safe and hopefully the Secret Service will do a great job taking care of him. And and also take care of JD Vance and their families. But you really should get an eye some sort of personal pension. And you can create that by replacing the bonds within your portfolio with a fixed index annuities. And also right now especially with the fed saying that, hey, we may see some rates decrease again in December, which is good news for the economy. I would encourage you to consider getting locked in, at least for the next couple of years, and even longer with a fixed index annuity with a high participation rate 15 to 20% bonus. You can even get up to 2.9 times how an index performs with one of the products that we really like placing people's income money into. With the nationwide peak ten with the BNP Paribas Global H factor Index, you're getting 2.9 times or 290% times how that index performs over the next two years, less a 1% spread rate. And also spread rates only come when you when you actually have growth. If you don't have growth, there's no spread rate. So you got a chance at like 2.8 net times your money. And how that how the index performs, that's a really good deal.

Speaker3:
So let me just describe what this looks like. If you got a million bucks, if you do, you can invest $1 million into the nationwide peek ten just for easy math for me. And let's say the market goes up 10% over two years, five or just 5% a year. You're looking at $280,000 getting credited net to your account value, not the income value account, but the actual account value. You also get 20% on income value bonus immediately, so you would have gotten 200,000, so you would have gotten $1,480,000 would have been your income account value at the end of two years, and you start taking income from there. That is really impressive and extremely attractive. Also, that's much higher than the typical 4% withdrawal rate because you're instead of getting, you know, that's a 48% return in two years, but on a typical withdrawal rate of 4% on a million bucks, that's 40 grand. But if you're taking 5% times 1.480 million, that is much higher than what you would have gotten. So I would encourage you to consider reaching out to us and let us run an illustration for you. I mean, you could be getting up upwards of over $75,000 a year from a million bucks or more literally, if you turn an income the next year. Just go ahead and reach out to us at (770) 685-1777.

Speaker4:
I think that's a great thing for all the result drivers to do this winter forward, and all it costs is the time it takes you to pick up the phone and give us a call. We're happy to work with you on a complimentary basis. And as fiduciaries, we have to sit on the same side of the table as you, and we're working in your best interest before you're even one of our clients. So give us a call. Talk to me and Ford about your retirement, your goals, and we'd like to help you get not just to retirement if you're still working, but all the way through retirement during those golden years. And when we come back, we're going to talk about why Americans love pensions, why pensions are disappearing in the workplace, and what you can do if you don't have one. You're listening to. Retirement results.

Speaker2:
Retirement results. We'll be right back to learn more and schedule your complimentary retirement consultation, visit retirement Results.com. You're listening to retirement results. And now back to the show.

Speaker3:
Welcome back. Result drivers to retirement results on Ford Stokes your chief financial advisor. That's Sam Davis here with us, our senior financial advisor and co-host on retirement results. We're a financial radio show. If you're listening to us for the first time, we're also the number one listened to radio show on Am 920 answering on the weekends. And we really appreciate all of our result drivers and everybody that listens to this show was looking to build that successful retirement and trying to get more fee efficient, tax efficient and market efficient. And Sam, you've got a really great, um, thing that came from the Congressional Research Service talking about how Americans love a love a pension and how employers often just don't provide one.

Speaker4:
Yeah, that's absolutely right for it. I mean, it is not the same retirement that our parents and grandparents were facing back in the day. I mean, you would work somewhere 30, 40 years at one company, often at one place, just working your way up the corporate ladder. And on that final day, you'd get the gold watch, you'd get your pension, and you'd step foot into retirement. But defined benefit plans, also known as pensions, they had that secure, predictable income, but those just aren't offered as much as they used to be. You know, from the 1950s to the 1970s, these pensions were prevalent. Over half of private sector employees were covered. Now, we know today that a lot of public employees, whether you be a teacher or in the military or work somewhere else in the federal government, you likely have a pension. Even state employees often have a pension. But for those of us who are in the private sector, that's just not something that's offered as much anymore. There was a shift to, instead of a defined benefit plan, a defined contribution plan, otherwise known as a 401 K. These started to become very popular in the 1980s. Corporations transitioned from pensions to 401. S for a couple of reasons. They wanted to reduce expenses and they wanted to make plan management simple for them. This essentially, Ford transferred the onus from the corporation and the company to the employee. And from what we've seen, dozens and dozens of times listeners to our show giving us a call. And we do these 400 and 1KX rays. They don't know how to manage these plans themselves. Often they're making some mistakes and missteps along the way. There's things like target date funds and bonds that can be holding back your portfolio. And there's just a lot of people out there flawed, with a lot of money in their 401 K, and they're not sure what to do with it.

Speaker3:
Yeah, I just I would say at a minimum let's protect the income portion of your assets. Also, if you're somebody that really loves to let your assets grow within a brokerage account, I want to give you right now a surprising R&D advantage for fixed index annuities. So it's now possible for retirees to be allowed to pool all of their IRA assets for the purpose of calculating and satisfying their required minimum distributions, or RMDs. A high income cash value ratio can empower annuities to cover not just their own RMDs, but substantial portion of RMDs for other IRA assets that are invested into IRA accounts. Let's say with us with active wealth management and through our custodians, with Charles Schwab and Fidelity and others. We should note that the recently finalized IRS RMD rule, most notable for its clarifications around treatment of beneficiary IRAs. Extended this benefit to cash value annuities. Conceptually simpler brethren immediate annuities, allowing retirees to use the actuarial fair value of an income annuity for RMD calculations. Now, I know this is starting to get really technical and starting to sound like stereo instructions, but previously such annuities were treated as covering their own RMDs. Only now you can take the R&D fees, and it will cover your RMDs and the other IRA accounts as well. So also, when you buy an income focused annuity or you buy a fixed indexed annuity, and it goes up 0.1% each year that you age, guess what? You're getting paid more than the traditional 4% withdrawal rate. And at 72 years old, which is one year before RMDs are required, the RMD level was 4.14%. I think it's like 4.38% at 73 years old. But if you're taking out five, 6% or 7 or 8% from your the actual cash value of your of your annuity, that's going to eat into the requirements from your other accounts.

Speaker3:
And that allows the rest of your investment accounts to grow, and also gives you the mailbox money that you're looking for to actually take care of your, you know, your expenses and satisfy your expenses during retirement. And it's going to give you a lot more peace of mind. You get a chance. It's one of the greatest times ever to own a fixed index annuity, because the ten year US Treasury is about triple of the yield of what it's been. You've got a real opportunity to get three times the growth that you would get from a traditional annuity ten, 20 years ago. So I'd encourage you to reach out to us at retirement Forward slash plan. That's retirement results.com/plan. And get started with us. You can also just visit retirement results.com and click that schedule a consultation button in the upper right corner. Um and get scheduled directly into our calendar. You can also give me a call at (770) 685-1777. Again, give our team a call at (770) 685-1777. Deborah and Diana and their team are standing by to take your calls on the weekends here, so feel free to give us a call. Also, a lot of folks are long time listeners and um, and they first time call us like on the Monday after. You don't have to wait. You can call us on the weekends. We're happy to take your call and talk to you. You could also just reach out to us first thing Monday morning. No problem there. Um, but this new rule, Sam, is a really big deal and helps people let the rest of their assets grow while they're getting important over 4% withdrawals from their fixed indexed annuities. Yeah.

Speaker4:
And what we're finding that people really enjoy about this strategy when it comes to planning for their retirement is they don't need to sacrifice growth when they're implementing this level of protection, instead of your portfolio growing like the EKG and you're riding the ups and downs of the stock market, you have those protection periods that allows you to grow your portfolio like stair steps over 1 or 2 year, or sometimes even three year protection periods.

Speaker3:
So let me just give you an example, and I'm going to just bear with me. I'm going to share this example and let's do some math here. So suppose we have a 73 year old client with a 73 year old spouse who has $1 million in an IRA. Further, suppose there are goal basis analysis of the client's retirement needs for the creation of $30,000 a year of lifetime supplemental income. That, plus their Social Security, is probably what they're living on. Let's say the household is pulling in, you know, $42,000 in Social Security. That's 72 grand. Our research lands on an FIA that guarantees a lifetime income withdrawal benefit, with a 7.8% joint life payout. The client can thus achieve the target income by purchasing this annuity with $384,815 of IRA assets, which is just under 40% of their overall IRA. The remaining 615,385 can be invested in a stock and bond portfolio. We recommend trying to be heavier on the stock, since you're already taking the almost the 40% with a typical 40% portfolio and replacing the bonds with a fixed index annuity.

Speaker4:
Yeah, and I love that this ties all the way back forward to our quote of the week from Warren Buffett. I mean, he said never depend on a single income, make an investment to create a second source. The strategy that we're outlining does just that. We find that there's a lot of people out there that are really just dependent on Social Security for their income and retirement. They're doing their Social Security, they're taking their RMDs and and that's it. But by implementing this strategy, you are giving yourself another source of guaranteed lifetime income that you can never outlive. And if you're married, I'm sure you want to make sure that your spouse is going to be taken care of after you're gone as well. I mean, a lot of people don't think about this Ford, but you're a registered Social Security analyst. You help people build these Social Security roadmaps and understand their benefits. When the first spouse passes away, you get to keep the larger of the two Social Security benefits, but not both. And that can cause the household to have sometimes a pretty significant income hit that has an effect on them. So by implementing a strategy like this, whether it's through a bond replacement or just purchasing an annuity and establishing that personal pension, you give yourself that additional income source. You're following Warren Buffett's advice and you're diversifying your income streams, no question.

Speaker3:
You're also hopefully over satisfying your RMDs and letting the assets that are invested in the market to grow even further. So let me finish up real quick. So the age, the age 73 RMD requirement is only 3.77%, less than half of the guaranteed lifetime withdrawal benefit payout. It was just required the remainder of the income benefit reduces the need to distribute from the remaining investment assets by $15,486, instead of 3.77 at 23,222. Only about 1.26% $7,736 of the investment assets will need to be distributed and taxed as ordinary income. This also keeps keeps all that down and hopefully helps reduce some of the tax burden as well. Alternatively, for the same total attacks, a $15,486 Roth conversion could be performed by making a few assumptions that affect precise figures, but not there. We can generate an illustration that estimates the evolution of the cash value and accumulation value in the annuity. So if you want to see that, go ahead and reach out to us at retirement. Com forward slash plan. That's retirement results.com/plan. And we come right back. We're going to talk more about how to build that smart safe portion of your portfolio. And more really great tips here on retirement results. You're listening to Am 920 answer. Come right back.

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

I don't know what's gonna happen to you, baby, but I do know that I love you.

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.

Speaker2:
During this festive time of year. Fort Stokes, host of the Active Wealth Show, would like to wish all of you listening a very Merry Christmas and remember, you can schedule your free retirement consultation for this December or for right after the New Year by visiting Active Wealth. Com it's a $1,500 value provided at no cost to you this holiday season. Visit Active Wealth com that's Active wealth.com and Merry Christmas from all of us. 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 all drivers on Ford Stokes. Your chief financial advisor got Sam Davis here with us. Our senior financial advisor and co-host two. We're here in segment three and let's go ahead and share our problem solver.

Speaker2:
It's time for this week's Problem Solver.

Speaker3:
So on today's problem solver we're going to talk about Linda. Linda is divorced. She's got four kids. She's got an ex-husband who's done very well and she's done great supporting four kids. She's also a preschool teacher. Um, but preschool teachers don't make as much as her husband does. And we're changing the names to protect the innocent here. She's got $1.8 million sitting in Roth IRA, IRA and investment accounts. The majority of it is IRA and investment accounts. So she's still got a little bit of a tax problem as well. And she's got so much in assets, it can be very difficult for her to do Roth conversions. Also, she's single, so she's not married filing jointly anymore. And so it would be very difficult for her to, um, really do a lot of conversions that are going to eat into the principal. She can grow her Roth IRA. Her Roth IRA is only like, right, about 10% of about $180,000. So what she's going to do, what she wants to do, is she wants to roll her $180,000 Roth IRA over into the nationwide Pac ten, and she's going to take $420,000 from her IRA, which has got the same tax treatment as the annuity. And she's going to put both of those into the nationwide Pac ten, and she's going to generate income from $600,000 total in monies that are invested into fixed indexed annuities. Now, the Roth IRA, She's going to let that grow and she's not going to start taking income. She's only 52 years young. She's going to let both of them grow until she's 59.5, and then she's going to start taking income from both of them.

Speaker3:
Reminder here, this problem solver, if you are younger than 59.5, whether it's an IRA or a Roth IRA, and you take withdrawals from it before you're 59.5 years old, you're going to pay a penalty, even on the Roth IRA of 10%, unless you're using it for education. Many of us who have college aged kids, we're you know, you're looking to use some of those dollars to pay for college education because college has gone up. I would encourage you to really try to use 529 accounts and life insurance and other means and your income to fund your kids college. Don't sacrifice your retirement future to just pay for that stuff. So let's be careful there. Next is she's going to end up generating in total she's going to start generating over. Literally $80,000 by the time she's 66 years old. She's going to generate over $84,000 from this fixed indexed annuity. And it's literally 15% of her original premium of $600,000 total. And that's just 14 years later. That's remarkable. That's a really great situation. And she's going to be able to let the rest of her money go and grow. She's got $930,000 in cash value life insurance. We're moving that over into an indexed universal life policy. And we talked about that on last week's show. But we're we're going to generate $49,000 tax free and keep increasing the death benefit, and it's going to start out at like $3.88 million in death benefit for four kids.

Speaker3:
And it grows. By the time she's in her mid 60s, it grows to over 4 million. So each one of her children, if she passes away, gets a million bucks tax free. She's getting over $130,000 a year in income. Some of it's tax free, 5049 grand is tax free, and the rest of it is is taxed on ordinary income. And that 49,000 doesn't contribute to your ordinary income as well, which is really remarkable. And she's got Social Security. That's a really great result for somebody that was used to having a lot of money coming into the household, but doesn't necessarily have a lot of money coming into the household now because she's no longer married to somebody who does very, very well. And by the way, she's she's married to a surgeon. So, you know, it's tough for a preschool teacher to compare being married to a surgeon. And she she's been really concerned about what her income is going to look like. Also, what is she going to be able to do for her kids as well? I mean, she's a mom and and she's a mom of four kids, so her priority is her children. Totally get it. But at the same time, just by diversifying away from just assets in the market, she's now in life insurance. She's in annuities and she's in ETFs and stocks. And she's got over $2.7 million and she owns her home. That's a pretty great situation. And she feels a lot better.

Speaker3:
And she's exhaled a little bit about getting this these two annuities and rolling over and doing a 1035 exchange of her life insurance cash value, which is with whole life that was only getting her less than it was getting her literally 2.6% of a premium that was coming from them, that was going into the cash value each year of 26 grand off of almost a million bucks. That is remarkably horrible. And now she's able to with the estimates we were looking at. She's looking at 9.03% annual rate of return by getting 170% of how the Barclays index performs. I am just super excited about this plan for her, and I think she's going to do fantastically well. So if you've got questions about this problem solver and or if you're a single female or you're a married couple and you want to build your own pension or you want to get more tax efficient, you want to diversify your tax buckets within your retirement portfolio. You want to just at least diversify away from just, hey, I need to get diversification, not just on the same exchanges. Let me get some insurance and annuities and let's get some investments going. I would encourage you to reach out to us at (770) 685-1777 again (770) 685-1777, or you can just visit retirement results.com/plan. That's retirement results.com/plan. It's a lot easier to remember Sam a website for our listeners. A lot of people do that. But I encourage people to reach out to us at retirement results. And let's get started right away.

Speaker4:
Yeah. Well, I love sharing these success stories on our problem solvers. I think it really helps all of you listeners out there who are tuning in to the show on on retirement results and Am 920 the answer this weekend to, you know, maybe see some of your own situation in these different cases that we line out. And if you know, you're really starting to wonder what your retirement income is going to look like, you know, maybe you know, a little bit about what your Social Security income benefit may look like, but you could use a clearer picture, and maybe you would like to explore what a personal pension would look like in your situation, or how you could turn that nest egg that you've been saving up for so many years into that steady, reliable income that you can count on in retirement. This is really a great next step is working with a team of fiduciaries who can sit on the same side of the table as you, give you the answers that you need about your money because it is your money. You've worked hard for it, and we want to work hard to protect and grow it. And the two really important things as we wrap up this segment for that, you get when you implement a strategy like this is number one, that lifetime income stream.

Speaker4:
You know, we mentioned Americans love a pension. And this helps you set up a personal pension for yourself. So with that income stream, that additional income stream, you know, we're following Warren Buffett's guidance here. You know, you don't have to worry about breaking that budget. You can enjoy that money because you know that another check is going to come next month and the next month and the month after that. And even if the first spouse passes away, that income can continue to flow. And secondly, that protection from market volatility. As we get close to retirement, we have more saved up and more to lose than we've ever had before. We've had a bit of a correction just a couple of years ago in 2022. We all know what happened in 2020. That was a big blip for everyone who was invested in the stock market. And if you're planning for retirement, what you're really planning for is a period of time that is 20 years, 30 years, sometimes even longer, and you're bound to see some sort of market correction, if not multiple market corrections during that time, which is why Ford, when we talk about active wealth management, we really talk about protect and grow. And it goes in that order. Protect first and grow second. And something like this allows you to accomplish both.

Speaker3:
She's doing a great job at getting the income that she needs in retirement where she doesn't have to worry. And if you don't want to have to worry just about the income portion of your portfolio, and you really want to get bullish on growing the rest of your nest egg. Let us work with you on a tactically managed model. We've got a lot of different portfolios from our Raid Star Tactical or also our our BCM growth basket portfolio of stocks. There's a lot of really great different types of portfolios out there that we've got available that are proprietary. And I would encourage you to reach out to us at retirement results.com/plan. And let's get the peace of mind you're looking for. And make sure that you're staying ahead of the expenses every single month during your retirement years. You're listening to retirement results right here on Am 920. The answer and we come back. We're going to talk more about smart, safe investing with fixed indexed annuities and also how to get that bond replacement stuff going and potentially talk about the benefits of a Roth ladder conversion as well. Thanks again for listening to us. Come right back. This is retirement results on Am 920. The Answer.

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

That's cool tonight. Share the spotlight.

Speaker2:
At 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 Com.

Speaker3:
And welcome back result drivers to retirement results on Fort Stokes. Your chief financial advisor got Sam Davis our senior financial advisor and co-host here with us. Sam, let's go point by point on what people can expect when they meet with us and what they get when they actually meet with us in our office. We've got offices in Alpharetta, Midtown, Kennesaw. We also meet with a lot of people via zoom. Uh, we've got a great zoom account that's, um, that we can meet with folks anywhere, and we work with folks across the country that listen to our podcast. The Retirement Results Podcast also encourage people to try to listen to our Retirement Results podcast anywhere where you get podcasts, whether that's Stitcher, Spotify, Google Play, iTunes, Apple iTunes, etcetera. Um, I would encourage you to reach out to us. We are pretty prolific out there, and we've had over 20,000 downloads for our podcast here over the last six months, and we are really appreciative of all of our podcast listeners and our radio listeners. Um, we just simply turn our radio show into a podcast each and every week, and it's great to be able to scale that so that people can listen anytime they want. You can also visit retirement Results.com and just click that episodes button, and you can listen to all of it there. But Sam, let's go ahead and share each one of these main aspects that you get.

Speaker3:
So you really get five core things. The first one is you get a portfolio analysis. We analyze your overall portfolio for the fees you're paying, the risks you're taking, and also kind of the correlation of your assets. And we look at a true diversification model of how you could get much more diversified and diversify your risk down considerably. We we measure the standard deviation, which is a measurement of risk within your current portfolio. That's a really good thing to see. And we also measure something called an expense ratio. That really gives you an idea of how much you're paying in hidden fees. Now they're not necessarily hidden. They're they're out there on the prospectuses of mutual funds you may own, but most people don't read prospectuses of mutual funds. And I would encourage you to really understand the A share fees and C share fees, or the 12 B one fees, more importantly, which are marketing fees that the US government allows mutual funds to charge. And most mutual funds don't use 12 B1 fees to advertise their marketing fees that allow these these firms to do what they do is they take those 12 B1 fees and they put it in their pocket. So you don't really get any educational value from the 12 B1 fees. You don't get a lot of investment value.

Speaker3:
It's quite it's quite the opposite, actually. You're actually. It's a drain. It's like a hole in the bottom of your water bucket that's leaking out of your portfolio. So we're going to give you that expense ratio. And if you don't know what an expense ratio is, or you don't know what the expense ratio is within your portfolio, then you really should pick up the phone and give us a call. And I would encourage you to reach out to us at (770) 685-1777. Again. (770) 685-1777 or visit retirement results.com/plan. So number one is you're going to get a portfolio analysis. Number two is you're going to get an RSA roadmap from me. I happen to be a registered Social Security analyst. And I'm one of 15in the state of Georgia. And we're going to help you maximize your Social Security income benefit. And it was especially if you've got two spouses. We're going to take the XML files from your tsa.gov profiles for both spouses. Or if you're a single person, we can do that for you as well. Another great place to go to kind of get started on this is just to go to rsa.com/qr. That's RSA. Com forward slash QR. It stands for Quick Retirement Report. And we'll get started on that for you right away. Sam you're seeing a lot of your clients are really loving these RSA roadmaps.

Speaker4:
Yeah. Well it's a great thing because if you've been working for, you know, any amount of time, but a lot of you pre-retirees have been working for decades, you know, that you're going to get Social Security because you've been seeing it on your pay stubs for the last 20, 30 years. Now it's time to figure out how do you get the most out of all that money that you've put in? I mean, we know because we've talked so much on the show that you're actually going to be taxed on your Social Security benefit. And we know that the Social Security Trust Fund is in a bit of trouble when it comes to making sure they're going to be able to pay out all their obligations. And a bit of trouble is putting it lightly. And so to get that report, to get that information and really take a look at maybe you're considering retiring next year, if that's possible, maybe, you know, you want to work a few more years and defer that a bit longer because you get 8% more every year. You wait past full retirement age up to age 70. So maybe that's something that makes sense for you to take advantage of and delay. Everybody's a little different. And so this allows you or you and your spouse. What I love about these reports forward for our married couples that we're working with. It shows one spouse on the x axis and the other spouse on the y axis. And you actually get to see, okay, if we both retire at this time, what will our income be? Or maybe my wife wants to retire a couple of years earlier and I'm going to keep working. And so it really just gives you all that information you need on one page to start putting the pieces together. Yeah.

Speaker3:
It's an it's a neat deal. I love running them. It's it's a lot of fun. It's worth the hundreds of hours that I've spent dealing with becoming an RSA and the continuing education that I do. And being a registered Social security analyst is something I'm very proud of. To be able to to be able to deliver that type of RSA roadmap and social security maximization report services for our for our prospects and our clients, and we do it for free on the front end. All this planning, by the way, is literally like a $2,500 value.

Speaker6:
Plus.

Speaker3:
Another 350 for the RSA roadmap. We give it all to you absolutely for free. So you're looking at $2,850 worth of free value for our listeners here. All you got to do is reach out to us at Retirement results. Com forward slash plan will get started. Also we only got three minutes left in the show. So I'm going to go really quick here. So number three is we're going to give you a retirement income gap analysis. You can understand if you've got you're starting with a retirement income surplus or a negative retirement income gap. Number four is we're going to give you a financial plan, your 95th birthday with your current plan. That has nothing to do with us. We're just going to help you get going, understand what your current plan is looking like with expense ratio and standard deviation and everything else. But also what does it look like year over year for you? And then number five is we're going to give you a financial plan to your 95th birthday with our recommended portfolios, our recommended allocations, including potentially a fixed indexed annuity as a bond replacement or life insurance for tax free investing or Roth ladder conversions as well with a strategic Roth ladder conversion. All of that together in one plan is number five. We're going to give you all five of those things. Absolutely. At no cost to you. It's the final.

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

Speaker3:
Countdown. So let me just recap the five things you get with us. Number one is you get a portfolio analysis so you understand the risk you're taking, the fees you're paying and the correlation of your assets. Number two is you're going to get an RSA roadmap, which is a Social Security maximization report from myself. Ford Stokes I'm a I'm a registered social security analyst. We're going to do that for you. Number three is we're going to give you a retirement income gap analysis to see if you're starting with a positive retirement income surplus during your retirement, or whether you're starting with a negative retirement income gap that could worsen over time with inflation. Number four is we're going to give you a financial plan. Your 95th birthday with your current plan absolutely has nothing to do with us. Just so you can see year over year. See your entire retirement, what it looks like in like two pages. And number five is we're going to give you a financial plan to your 95th birthday with our recommended portfolios and a Roth ladder conversion. Absolutely no cost to you. It's like a $2,850 value. And again, if you don't know what an expense ratio is, you don't know what an RSA roadmap is.

Speaker3:
If you don't know what a standard deviation is, you don't know what the standard deviation is on your portfolio. If you don't know what your expense ratio is within your portfolio, you really should call us. You really need to call us. You ought to give us a call at (770) 685-1777. Be a long time listener, but a first time caller this week, and you can also reach out to us at retirement Results.com click that schedule a consultation button in the upper right corner. We're happy to help you remember when you're seeking information about retirement. If you're going to be a bear, be a grizzly. Do everything you can to seek as much information as you can. It starts with a financial plan, with retirement results. And the advisors here at Active Wealth Management. Sam, thanks so much for being with us again this week. You're awesome. It's been great to be with you five years. We're getting close to the end of 2024 heading towards 2025. You're doing a great job taking care of your clients, and I know everybody really appreciates your contributions here on this show. 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, a registered investment advisor and active wealth Management are independent of each other. Insurance products and services are not offered through Vkm, 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.

Speaker1:
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 disclosures of any conflicts of interest. Please refer to our firm brochure, the Adv2 to item four for additional information. Fixed annuities, including multi-year 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.

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