What Donald Trump’s Victory Means for Your Retirement Plan

11.8.24: Audio automatically transcribed by Sonix

11.8.24: 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 and American patriots I am Ford Stokes, the chief financial advisor. I've got Sam Davis here with us, who is our senior financial advisor and also co-host of the show and a great American. Sam, we had a fantastic outcome in the US national presidential election with Donald J. Trump winning the popular vote and potentially winning up to 315 electoral votes. You need 270 to qualify to win the presidency. And it was interesting how many media outlets, especially the left wing media outlets, decided they were going to just say, 277, but there was no path for her to get to 270. And so they had to call it, um, and it was called right around 2 a.m. on Tuesday night. It's great to be an American. It's great to have us back in the national spotlight. I mean, the international spotlight. With Donald Trump leading us starting in January 20th, 2025. Please stay safe. Donald J. Trump and family and JD Vance and family. Uh, Sam, your thoughts on what transpired this week with the US presidential election?

Speaker4:
Well, welcome to the weekend result, drivers, and welcome back to retirement results. We certainly have some election results to unpack this week. Um, Ford, frankly, I was surprised that we saw a result, albeit it was in the early hours of Wednesday morning that we saw results so quickly. You know, thinking back to four years ago, it took until the upcoming weekend to actually hear the results of that election in 2020. But record turnouts in many areas in Nevada, many of the polls people were standing in line and voting until past midnight. Just awesome to see everybody getting out there and getting out the vote. And yeah, we've got a lot to unpack over the next couple months or so until a new president and a new administration is installed.

Speaker3:
Yeah. It's fantastic. There's also the Republicans won a majority in the Senate. It'll be interesting to see how many seats they actually end up getting. Um, but they've got a majority in the Senate. Yeah. I mean, the big number there, Sam. And for all our result drivers out there that they need in the Senate to make sure that Donald Trump can get his cabinet that he wants, is he's got to get to 53. It looks like he's got an opportunity to get to 54. Um, Republican senators, which is a historic swing in the Senate. And there would be 54 to 46. And with, I guess. Well, maybe it's Bernie Sanders being independent. Um, but you're you're looking at 54 GOP senators, which would allow Donald J. Trump to get around Susan Collins and Lisa murkowski, Susan Collins being the senator out of Maine and Lisa murkowski being the Republican senator out of Alaska. She is, um, the two of them have kind of voted against Trump at times, and they've made it very difficult on Donald J. Trump at times in his first term. So hopefully they can definitely get to that 5354 mark. And then he can name his his entire cabinet the way he wants to do it, which is really great. I also found it interesting, Sam, that President Trump has not used any money to pay for the transition for his transition team, so that the leaks can't come out. He's controlling that. I think that is a really big deal. Um, I think that was really smart. He's learned this time around, as you would imagine, a billionaire is not going to make a lot of the same mistakes twice. And so I think that's really good as well. Um, and Sam, you've also got an update on how the markets reacted on Wednesday right after the news that Trump had won the presidency.

Speaker4:
Yeah, stock market indices did reach record highs on Wednesday. And you know, Ford, I think it's interesting. You know, when Donald Trump won the election in 2016, it came largely as a surprise, not just to the Democrats but to many of the Republicans as well. And of course, when you're in your first term as president, about halfway through that first term, you start thinking about re-election two years later. And so I feel like his first term, you know, coming off of a surprise victory and a slow start, then having to look into re-election, he's much more prepared going into this second term for presidency. He knows, you know, the challenges that he's had to face in the past. And and I think that the Republican Party has a lot to look forward to over the next four years. Yeah, I was.

Speaker3:
Listening to Trey Gowdy say that it actually is going to be he's going to have a real agenda. He didn't necessarily have an agenda the first time because the Republicans were surprised as well. To your point, Sam. Um, I think it's a really great opportunity to unite the country. He's going to be the president for all Americans, and he's going to make sure that America is on the way to being great again. He's going to protect America. He's also going to protect us economically. And hopefully immigration is going to change very quickly. I think he's already threatened to play 75% tariffs on Mexico if they don't stop the migration coming in through Guatemala on their southern border and try to stop everybody at their southern border, not at ours. So I think that's a really big deal. I think that's going to work. Um, tariffs is a great tool to use. The current US debt clock that Sam just put up here is $35.976 trillion. We're almost at $36 trillion of US national debt. I think getting Elon Musk to be in charge of Doge, that Department of government efficiency, I think that's going to be a really big deal. If you can pull $2 trillion a year out of the budget, um, that would be an amazing situation.

Speaker3:
He did lay off 85% of the employees at Twitter. And Twitter is still going and stronger than ever before. Um, also, I just want to do a personal thank you to Elon Musk for buying Twitter and overpaying by a large margin for Twitter. Um, and he kind of kept us free and kept us with the First Amendment is still alive thanks to Elon Musk, in my opinion. Uh, just really happy that Donald J. Trump and his team have won. I look forward to what RFK is going to do for with the FDA and and the USDA. I'm looking forward to that. I'm also looking forward to what Tulsi Gabbard can do as a former military person. And I'm also super excited about JD Vance being what is likely to be one of the most successful vice presidents ever. I think he's exactly who we need. I look forward to he or Ron DeSantis running in 2028, hopefully, and I'm just super excited about the future and also for the future of my girls. And I'm their first election. Sam, they voted in this election and they voted with the winning side in this election. And that means a lot to this dad. It really does. They're 18 years old. They turned 18 on the 18th of October.

Speaker3:
We got them registered in September, a few days before the registration deadline and we were able to get that done. That was great. And they voted with me. That was a special moment for this dad. And, um, they exercised their constitutional right to vote. And, um, I'm just, I don't know, I am my heart is overflowing with joy and positivity. And what we're going to talk about the rest of the show is now that Trump has won. What to do now with your investment portfolio? What to do now with your retirement portfolio and your retirement plan? Sam and I've got a lot of great things we're going to talk about on today's show. We've also got a couple of segments that we're going to talk about. One is do you have an old 4k or other retirement account? What to do with those old orphan four KS so you can take control of your hard earned and hard saved assets. We've also got, uh, Yahoo finance article. That's seven disastrous decisions to avoid for a better financial future. We like this article. We want to share some key learnings from that article. But more specifically, I'll give you kind of a hint of what's going on for the rest of of this next segment and really for the rest of the show.

Speaker3:
I mean, we're going to talk about what to do, like we said, with your finances and your retirement portfolio. Number one is we really want you to evaluate where you currently are. Number two is you really need to get invested in the right things and also stay invested and diversified. You also need to consider implementing tactical asset allocation. We also want to help protect the income portion of your portfolio. Consider a bond replacement. Want to reduce taxes? Even delete the IRS of being your partner in retirement by implementing a Roth conversion plan. Consider acting on FIA's fixed index annuities. Now, as rates are still high, um, there's a real opportunity. The ten year US Treasury is at 4.3%. We'll talk about why that's important to you as an annuity owner or a potential buyer of an annuity. And, you know, we're going to remind you about Warren Buffett's. First two rules of investing. And we're going to help you protect and grow your hard earned and hard saved money. And lastly, we're going to maximize your retirement income, but more specifically help you maximize your Social Security income benefit. It's a great week to be alive, and it's a great week to be an American Patriot.

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

That's the way I like it. That's the way I like it.

Speaker2:
Are you concerned about rising taxes and how that could affect you and your family during retirement? If you have an IRA balance over $400,000, you could save six figures in retirement taxes that you would be paying during a 35 year retirement. Find out how much you could save today by scheduling your no obligation Roth conversion consultation with Ford Stokes of retirement results. Learn more and schedule an appointment at retirement results. Com investment advisory services offered through Brookstone Capital Management LLC, a registered investment advisor. Visit retirement results.com for more information. You're listening to retirement results. And now back to the show.

Speaker3:
And welcome back result drivers to retirement results. By the way if you're wondering who a result driver is, it's somebody who listens to this show who wants to build a successful retirement by protecting and growing their hard earned and hard saved wealth. They want to build a tax efficient, fee efficient and market efficient portfolio. And we want to talk about what to do now, what Trump has done, what to do next. Number one is I would evaluate your portfolio. I'd try to understand the risk you're taking, the fees you're paying, and also the correlation of your assets. I mean, Sam, we see so many people have aha moments when they meet with us and how they've learned. Oh my goodness, I'm paying almost over 1% just in expense ratio plus advisor and portfolio fees. Oh my goodness. My standard deviation is twice or one and a half times of what it could be if I'd been invested with you. Um, over there at Active Wealth Management. Ford. We're seeing a lot of people really have that aha moment when they actually get their portfolios evaluated. And we can offer that to people by visiting retirement. Com forward slash plan. That's retirement results.com/plan. But Sam you've been meeting with dozens of people here in the last few weeks, especially after your seminars. Your thoughts on what people experience when they do come in to meet with us. And they get that free portfolio analysis and free financial plan. Your 95th birthday.

Speaker4:
Yeah. Well, we do find that a lot of people who listen to retirement results and have been listening to our radio show and choose to come in to see us. A lot of them are great savers. They've done a good job saving a good job. You know, squirreling away a good percentage of their paycheck and paying themselves first. They're doing a good job at that. Where we find that we're able to help people is doing a better job investing and managing that money. And especially as you get closer to retirement, that savings in your portfolio is larger than it's ever been before in most cases. And so you have more to lose than you have before. And if that's one of your most valuable assets, don't you think you owe it to yourself to make sure that it's being managed properly, that you're not being killed in fees, that your investments within the portfolio are actually helping you and not going against what you tell us. You know, your actual goals are you know, sometimes someone will say, hey, I'm really low risk. I'm a really conservative investor. But when we look inside their portfolio, we find that they have a lot of high risk growth stocks. Does your strategy actually align with what your goals are and and those are a lot of the questions that we help people answer when they come in and meet us.

Speaker3:
Yeah. I mean, for sure. I think it's a real great opportunity for people to just kind of understand what they're dealing with and also give them an opportunity to inspect what they expect, do what Ronald Reagan said, you know, trust but verify. I think it's a really great opportunity for you to trust but verify where you currently are, and we can help you verify what are you paying an expense ratio? If you don't know what an expense ratio is, or you don't know what your expense ratio is within your portfolio, then you really should call us. You really should call us at (770) 685-1777. Again, that number is (770) 685-1777 or visit retirement results. Com forward slash plan. That's retirement results.com/plan. And we'll get started right away for you. Um it's about a $2,500 value saying we're seeing people charge even more than that for annual reviews. Even we don't charge for annual reviews at our place, but it is a $2,500 value to get your portfolio analysis and your financial plan your 95th birthday with that retirement income gap analysis and a Social Security maximization report through analysis, a roadmap all at no cost to you.

Speaker3:
We're going to do that for you because you're listening to the sound of our voices here on retirement results. We like taking care of the result drivers. Listen, if you've been a long time listener but you haven't called us, I'd encourage you to be that first time caller. Call us at (770) 685-1777 or visit. Retirement results.com. I think it's a really great opportunity to get kind of get started. And if you're in a great euphoric mood, like like we are that Donald Trump won the election on Tuesday. We'd love to hear from you. We'd love to just talk to you and and and hang out. But also let's get the evaluations done. All we need is your statements and kind of your monthly expenses and your Social Security XML reports. So we can understand the top 35 earning years for you. Having this is really invaluable. And Sam, you're seeing a lot of people that really enjoy getting those RSA roadmaps as well. A lot of your clients are requesting those. Just kind of your thoughts on really getting a good picture on what you can expect regarding Social Security income in the future.

Speaker4:
Yeah, well, for our our clients and prospects are really lucky to have you as a registered Social Security analyst working right here in the Active Wealth office each and every day. And that's a great place to start your exploration. If you're starting to think about retirement, maybe you're in your 50s or you're in your early 60s just a few years away from retirement. Take a look at this RSA roadmap that registered Social Security Analyst. That's Ufad roadmap that will show you how to, you know, make the best decisions for you. And if you're married, both you and your spouse. It's it's a fantastic report. It puts all the information in a very organized way and helps people make that decision about when to turn on their benefit, because you only get one chance to make that decision forward. And it's really important that people get that right, because retirement really is about income.

Speaker3:
Yeah, it's another like 250, $350 value that we're going to give to you absolutely for free. I'm happy to be one of the top, I mean, one of the only 15 registered Social Security analysts in the state of Georgia. Very proud to be able to offer that to our clients. Pretty busy running those plans, because I run it for all of our advisors here at Active Wealth Management for all their clients. And it's just really great to understand how you can maximize your Social Security income, because the decision of when to take Social Security is either the number one or the number two most important income based decision you can make regarding your retirement. And you really need to make that choice wisely. So I'd encourage you to reach out to us at (770) 685-1777. If you want to get that registered Social Security Analyst roadmap, that RSA roadmap, absolutely no cost to you. It is a Social security maximization report. Absolutely. Then we want to get you kind of like I said you want to first evaluate where you are. Number two is we want to get you invested in the right things using tactical asset allocation. Also, you want to stay invested if you can. A lot of people that were invested on Monday experienced incredible gains on Wednesday because they were invested before the election and stayed invested versus just parking their money on the sidelines. I would encourage you to do that because I don't think this is the end point of where the markets are right now. I think the markets are going to grow from here over the next four years. I think Donald J. Trump has got a real great opportunity to expand our economy, expand the world economy. He's also going to protect us with targeted tariffs where needed and necessary. But Sam, can you give a definition of tactical asset allocation? Because that's what we use to implement our portfolios here at Active Wealth Management.

Speaker4:
Yeah. Here's a definition that doesn't come from us. This comes from Investopedia. And tactical asset allocation is an active management strategy that shifts the percentage of assets held in various categories to take advantage of market pricing scenarios or strong market sectors. So this really is an active management strategy where you seek to capture a majority of the gains, but a much smaller share of any losses.

Speaker3:
Well, that's why we named our firm Active Wealth Management. We love to actively manage our clients portfolios and not just hang in there. We rebalance quite a bit, but we don't churn people's accounts because we don't get paid on trading fees. We only make money when we manage money, and we make more money when our clients make more money. And we're really happy to be able to manage portfolios for you. And also if you're looking. The next thing I would encourage you to do, not just to implement tactical asset allocation. Don't just do the buy and hold strategy and just hang in there. Buy and hold strategy is kind of like your 41K. You selected an allocation when you first started your job, and then 20 or 30 years later, if you stayed in the same company, that same investment strategy was probably still sitting there, even though you were putting money in every two weeks and your and your employer was matching those funds that really made your account grow more than what the allocation made your accounts grow. And it's likely that your money did not work as hard as you did, or as your employer did in matching money. I think those two factors are much bigger factors than the performance of four one KS. What we try to do is also help our clients Sam with four one KS and try to reduce their expense ratio within the four one KS, even if they're currently working there.

Speaker3:
We'll give him an actual allocation recommendation that is oftentimes opposite of where they're invested and how they're invested. So many folks that we see, Sam are invested in target date funds, and we try to make sure that they limit that opportunity, because target date funds can be very fee inefficient. They also when there's downturns in the market, it can grab more bonds. And bonds have done performed very poorly over the last four years as interest rates have gone up. We've also seen a lot of folks like Bill Ackman and others who are famous investors who who believe that income from US corporate bonds are actually overpriced. And so you need to be careful about losing market value in some of those bonds as well. So just be careful there. We've only got 30s left in this segment. There's a lot to talk about and unpack about what to do now. Now that Donald J. Trump has won the presidency and will be our 47th president of the United States. When we come back, we're going to talk about more about what you need to do. We're talking about what to do with this old orphan. 401 K retirement accounts. Come right back. You're listening to retirement results on Am 920. The answer.

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

There is moving around. There is something going down and I can feel it.

Speaker1:
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 to retirement results I'm Ford Stokes your chief financial advisor. And I've got Sam Davis here with us. She's our co-host and senior financial advisor with us on the show this week, and this is a special edition. It's a special show because Donald J. Trump is your president elect to be the 47th president of the United States. And what we're talking about in today's show is what to do now that Trump has won. And I want to go through this list again, and we're going to try to dive into a couple of other points really quickly. And I want to move on to what to do with that old 401 K you may have, and also talk about seven disastrous decisions to avoid in segment four for a better retirement. Um, so here are the things. Number one is we want you to evaluate your current situation. Get a portfolio analysis. Consider investing into a tactically managed portfolio that implements tactical asset allocation, which is what we do here at Active Wealth Management. Again, retirement results as a radio show is powered by the advisors who work with Active Wealth Management. Also our registered investment advisory firm, which is Brookstone Capital Management. They manage about $8.8 billion in assets. So you've got safety in numbers there. You've got some largesse there to give you some peace of mind, too. Um, but we really want you to get invest in the right things. And it also includes diversifying not just between stocks and bonds on this traded on the same stock markets and the same stock market exchanges. What I would encourage you to do is to get invested into diversifying between securities, some bonds, if you can avoid them maybe. Great. And then also consider insurance products like life insurance or fixed index annuities. Also, you should be diversifying your accounts. And Sam, I know you're passionate about this between taxable accounts, tax deferred accounts and ultimately getting some tax free money into Roth IRAs.

Speaker4:
Yeah, a lot of people are disappointed to find out that not all of that money they've saved in their IRA or their 401 K is theirs. And the reason for that is those are tax deferred accounts. So it reduced your income tax in the year that you made those contributions. And the IRS is going to want to receive their share as ordinary income tax in the year that you take that out. So making changes necessary. Exploring a Roth ladder conversion if it makes sense for your situation to, you know, diversify across the tax deferred, tax free and taxable accounts. We think that's a great idea.

Speaker3:
We too. And so that leads to our next point, which is delete the IRS from being your partner in your retirement accounts by implementing a strategic Roth ladder conversion over a 5 to 10 year period. Try to get those done by the time you turn 73. That's a great hint, because your conversion doesn't count as a required minimum distribution for that year. You also need to pay the taxes within a quarter of when you take those conversions. There's also a five year waiting period from each conversion. And when you open up your Roth IRA. Um, so that's just a few hints there. Also, another way to greatly reduce taxes and maximize retirement account money is to take your IRA money and move it to your Roth IRA, and then take taxable account money or savings money, or checking account money, and pay the taxes on each conversion so that every dollar that comes out of your IRA goes into your Roth IRA, and your Roth IRA will grow as much as your IRA is depleted as you do conversions, because it'd be great to be able to convert tax deferred money into tax free money using taxable dollars or after tax money to pay those taxes on it. So let's do that. So again I'm going to I'm going to recap these because I don't want to feel like we're all over the place. I want to make sure we can stay linear.

Speaker3:
Number one is you want to evaluate your current situation and get a portfolio analysis and financial plan to your 95th birthday. Number two, you want to stay invested, get invested in the right things, and truly diversify not just with stocks and bonds, but try to diversify into some insurance products like fixed indexed annuities as well. Number three is you want to protect the income portion of your portfolio with a bond replacement and invest in fixed index annuities to replace the income portion of your portfolio that is probably currently invested in bonds. Take 20 to 40% of your assets. Invest in fixed index annuities. I would also encourage you to act now on that because as interest rates are still high as of the airing of this show, the ten year US Treasury is right around 4.3% yield in an annual yield rate. And that means higher rates and higher participation rates and higher interest rates and higher growth rates for fixed index annuities. Because fixed index annuities use the ten year US Treasury as their engine, they have to reserve 100% of the money you give them into the ten year US Treasury, and then they take the interest off of that and then they invest it into options. Sam, your thoughts on investing in 100% financial reserve product, like a fixed index annuity versus like a bank CD, where it's only a 10% financial reserve requirement with FDIC?

Speaker4:
Yeah. Well, I mean, if you're looking to make a smart, safe investment, you know, 100% principal protection and a 100% reserve requirement is a great place to start. You can't beat that. I mean, that's as good as it gets. And when you see how some of these products are able to give you a very nice percentage and a participation rate on an upside with 100% principal protection and no downside risk, it's really appealing for people to take a portion of their portfolio, maybe somewhere between 25 and 50%, and generate that income that they can never outlive. That way, they know that their income in retirement is covered and they can make those smart risk investments on the other side to continue to grow their portfolio. And one of the things that we seek to do at Active Wealth is protect and grow, and that really helps accomplish both those things.

Speaker3:
Yeah. Specifically on that subject, on bond replacement and with fixed indexed annuities. Right now, you know, the nationwide peak ten is offering a 200 and 290% participation rate in how the BNP Paribas Global Factor Index performs. And last time I checked, 2.9 times is better than one times on the index performance, so I'll take 2.9 times please. Next is one other thing that we, you and I want to talk about is the SPDR Fixed Index Annuity. That Synergy Choice bonus is offering a 15% immediate bonus. And it's giving you 85% growth in how the Q-q-q index that Invesco Q-q-q index ETF performs, With none of the downside risk. They lock in your gains every two years. It's a two year protection period. Sam, I know you're really passionate about this product. You're also really passionate about getting 85% of how the Invesco Q-q-q performs. I just want the good folks to hear about your perspective on that.

Speaker4:
Yeah, well, it's an ETF. You know, I noticed, you know, just a couple of weeks ago, I went with some friends to watch Georgia Tech play Notre Dame at the Benz. And they had advertisements everywhere for Invesco Q-q-q as the official ETF of Georgia Tech. And, you know, it's something that I'm invested in with some of my own retirement savings. And if you take a look over the last 12 months, it's done 36% growth. It's a it's a fantastic growth index. That doesn't mean that the index is without risk. However, when you are investing in it through this SPDR, FIA, it is without risk. You get 85% of the gains with no downside risk there.

Speaker3:
Yeah, it's a huge deal. So if you've got questions about that or you just want to see an illustration and see, you know, how much you could earn 2 or 3 years later per year from, you know, Nationwide Peak ten or in SPDR Synergy Choice bonus, how you can get 20% immediate income value bonus with the nationwide P ten, or you can actually get 15% account Value bonus with the SPDR Synergy Choice bonus. I would encourage you to reach out to us at Retirement results.com/plan. That's retirement Results.com. Next on our list is you know, we just don't want you to lose the money. We want you to do what Warren Buffett says. First two rules of investing. Number one is just don't lose the money. Number two is don't forget rule number one. Let's protect and grow at least the income portion of your portfolio, like we said before. And then lastly, we want to maximize your Social Security income by getting you an RSA roadmap. I'm going to give it to you absolutely for free at no cost. All of this is like over $2,500 value. You get the portfolio analysis, you get the financial plan your 95th birthday, you get the retirement income gap analysis and you get the RSA roadmap, and you get the financial plan with your current portfolio.

Speaker3:
That has nothing to do with us. So your 95th birthday and then one with our recommended portfolios with a strategic Roth ladder conversion, we're going to do all of that for you at no cost. Just because you called us at (770) 685-1777. I encourage you to reach out to us again at (770) 685-1777 or visit retirement results.com/plan. That's retirement results.com/plan. Sam now can you quickly go over. When we come back we're going to talk about what to do with that old 41K and pension. And we're going to try to get through the seven disastrous decisions to avoid for a better retirement for this Yahoo Finance article. Listen, you want to come back. We're talking about what to do now the Donald J. Trump has won the presidency and will be your 47th president of the United States. Come right back or listen to you. We're trying results right here on Am 920. The answer?

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

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Speaker1:
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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.

Speaker1:
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.

Speaker2:
Miss. Part of today's show retirement results is available wherever you listen to podcasts and online at retirement results.com.

Speaker3:
Welcome back result drivers to retirement results. We are talking about what to do with that old 401 K pension and other retirement accounts. And really, here's what you should do right now, Sam, why don't you go ahead and give them the highlights?

Speaker4:
Yeah. Just a quick shout out to anybody there who's, you know, changed jobs in their career. A lot of people have done that maybe even a few times. Ford we we know a lot of people have been laid off recently and are changing jobs or changed during 2020. And, you know, I saw some really interesting data. This came across my desk earlier this week, and there are about 29,000,401 K accounts that are forgotten, and that amounts to nearly $1.65 trillion in these unclaimed and really unmonitored retirement savings nationwide. So if you have an older 401 K, or maybe it's a 403 B or 457, some older retirement account that you've kind of forgotten about since you've last changed. You know, you have that account. Maybe you get statements, you know once or four times a year, but you haven't done anything with it. We call that an orphaned 401 K, or sometimes you hear that called a stray 401 K. You know, we had somebody come into our office just last week, Ford. And she works in the healthcare field, and she switched jobs a few years ago. And she just has about 250, $300,000 sitting in this 401 K. That could have been managed better over the last few years. And so if that sounds like you and you've got those old accounts, find those statements or reach out to your former employer and get that information. Because someone like us here at Active Wealth, we can help you take a look at what's inside there and really take control of your savings.

Speaker3:
Yeah. No question. I mean, there's no doubt you need to take control of it. You need to understand what you're invested in and inspect what you expect. And let's get going. Go ahead and reach out to us at (770) 685-1777 or visit retirement. Com you can also visit active wealth.com as well. Almost 100% of the people that come to us with old fallen CS, they've got a higher expense ratio then the portfolios that we use to implement our investment allocation plans for our clients. And I mean, it's just a vast majority of them, and they're usually at ranging between like 0.7 and almost 1%. And they had no idea. And they don't know what an expense ratio is. And again, if you don't know what an expense ratio is or you got that old 401 K and you have no idea what to do with it, I would encourage you to reach out to us at (770) 685-1777. We're here to help you, and you can really change this thing really quickly and do a lot better. Sam, go ahead and let's go through quickly the seven disastrous decisions to avoid for a better retirement. Yeah.

Speaker4:
The first one on our list board is relying on equity as retirement savings. So we see sometimes that people choose to downsize in retirement, which is not necessarily a bad idea. But if you are looking to live off of the equity in your home, you could run into a problem if you're choosing to rent your way through your retirement. You know, just as an example, if you sold your home, let's say you lived in a big city like Chicago. Maybe you made $400,000 after you sold your home. I mean, you're going to go into a rent rate environment where you're paying maybe $3,500 a month based on current rental rates. You know, and that's going to drain you in just under ten years. So don't rely on the equity as your retirement savings. You know, it's a really great thing to own your own home and not have debt in retirement. But your equity in your home should not be your retirement plan.

Speaker3:
Amen. You also don't want to start withdrawing more than 4% of your assets, and in this scenario, you'd be withdrawing over 10% of your equity or close to 10%. So that's definitely something to consider there. Number two is relocating without researching the area. So many folks, they look to move to Florida, or they look to move elsewhere, or they look to move closer to where their kids are and they may run into problems with taxes if they're in a high tax state, or they may run into crime areas where it's not safe. They may have soaring costs. They may have higher property taxes than they thought. Um, it's just a really good idea to have a much better idea of what's going on in the area you're moving to, especially when you're older and you can't really adapt as well as you could when you were younger.

Speaker4:
Yeah. Number three on our list is falling for elder scams. So we all know if we're checking our voicemail inbox or our email inbox, or sometimes even your actual mailbox outside your house, that there are so many scams out there in America today. You want to be aware and you want to stay vigilant, that a lot of these scamming techniques are getting better. So if somebody's asking for your personal information and this isn't somebody that you can meet and not somebody that you can shake their hand and trust, just really be careful out there. We don't want any of our seniors in America falling for these scams?

Speaker3:
Yeah, absolutely. And then number four is let's don't count on post-retirement work to pay the bills. It's going to be tough for you to find a job that's paying the exact same amount that you were making before. It's tough to get back into the marketplace. It's like it is really hard to deal with this stuff. And also the CDC and their control and prevention reports, they they estimate that more than 1 in 4 seniors fall yearly, resulting in 3 million ER visits and 1 million hospitalizations. That can make it harder for you to get back into the workforce as well. You may have just physical limitations, so just be very careful about counting on post retirement work to pay the bills.

Speaker4:
Yeah. Another mistake. Ford is overspending in this survey that we're looking at. More than a third of retirees said that their travel and leisure expenses were higher than expected. And that's why we start by trying to help everybody out there. Every one of our clients builds such a strong income plan because, you know, let's say maybe your expenses today while you're still working, you're in your 50s or 60s, maybe your expenses are $5,000 a month. You could reasonably say that they could hold steady in retirement. But for a lot of people find that when every day Saturday and you step away from the office and you know you're treating every day like a weekend, that those expenses can go up. So be careful about overspending. And, you know, more importantly, have a strong income plan in mind so you know exactly what you can spend each and every month.

Speaker3:
All right. And then number six was jumping the gun on Social Security. We think you deserve more than $0.70 on the dollar. And if you take Social Security at age 62.5, if you're born after 1960, um, congratulations. That's all you're getting is $0.70 on the dollar of what your Social Security, full retirement age, your Fra benefit could be. So we believe you deserve more than $0.70 on the dollar. And again, as a registered social security analyst, I'm happy to run a Social Security maximization or portfolio that's in the form of what's called an RSA roadmap, and we're happy to get that for you. Absolutely no cost to you. It's like a $350 value. Go ahead and reach out to us at (770) 685-1777 to get your free RSA roadmap to maximize your Social Security income. And you can also visit retirement Results.com.

Speaker4:
And number seven for this is the last mistake to avoid. And that is borrowing from your retirement funds. You know, 401 KS can be a tempting source of cash for a lot of people. Maybe you're trying to pay for a child or grandchild's tuition or any other expense, but when you're borrowing from your retirement fund, especially if you're doing it before 59.5 and you're paying that 10% penalty, you're really robbing your future self. And we want you to stay invested and make sure that those funds that you've saved for retirement are used for just that. It's the final.

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

Speaker3:
Countdown. This has been a very special show. Very gratifying for Sam and I to be able to give right after Donald J. Trump has won the presidency, and he's going to be the 47th president of United States. We're so excited. But here's what to do now. We talked about it on today's show. Number one is you want to evaluate where you currently are. Get your portfolio analyzed for expense ratio, how much you're paying in fees, how much you're risking as measured by standard deviation. Number two is you want to stay invested, get invested in the right things. Implement a tactically managed portfolio. That's number two. Number three is protect the income portion of your portfolio with a bond replacement to fixed index annuities. Number four is act on fixed index annuities. Now when rates are still high you can get up to 190% of how the BNP Paribas Global H Factor Index performs. 2.9 tonnes is better than one times your money on that. How the index performs I would do that. And then number five is reduce taxes with a strategic Roth ladder conversion plan. And we're happy to help you get going on that. We do it all the time. We can't wait to help you delete the IRS from being your partner in retirement.

Speaker3:
And then also just remember the first two rules of investing from Warren Buffett. You want to number one is just don't lose the money. Number two is don't forget rule number one. So let's do everything we can to protect and grow the hard earned and hard saved assets that we've been able to accumulate over our 35 plus year working career. And then lastly, we want to maximize our Social Security income by getting an RSA roadmap, which is a Social Security maximization report. And I'm happy to do that for you. Absolutely at no cost to you. All of that together with a financial plan, your 95th birthday, all of that is like over a $2,500 value. We're here to give it to you absolutely. For free. All you got to do is reach out to us at retirement results.com/plan. That's retirement results.com/plan. Put your information in. We'll get started right away for you. Get started now on your New Year's resolution. Get started before Thanksgiving and let's get started. And really earning and growing and protecting and growing your hard earned and hard saved wealth. 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 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 ADV Two-a, page four for additional information.

Speaker1:
About. 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.

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