2.17.23: Audio automatically transcribed by Sonix

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

Producer:
Investment Advisory services are offered through Foundations Investment Advisors, LLC Foundations an SEC Registered Investment adviser. The content provided is intended for informational and educational purposes only. The views, statements and opinions expressed herein are those of the individual speakers and not necessarily those of foundations and its affiliates. The information contained herein does not constitute an offer to sell any securities or represent an express or implied opinion or endorsement of any specific investment, opportunity offering or issuer. Any discussion of performance or returns is not indicative of future results. Each individual investor situation is different and any ideas provided may not be appropriate for your particular circumstances. Foundations only transacts business in states where it's properly registered or is excluded or exempted from registration requirements. Registration as an investment advisor is not an endorsement of the firm by securities regulators and does not mean the advisor has achieved a specific level of skill or ability. No legal or tax advice is provided. Always consult with a tax professional.

Producer:
Welcome to Rest Assured Retirement with your host, Jeff Holmes. Jeff is a licensed fiduciary and financial advisor who always places his clients needs first. Jeff works hard each day to educate Americans like you on how to reach the financial freedom they've worked so hard for. And he can help you, too. So now let's start the show. Here's Jeff Holmes.

Jeff Holmes:
Welcome back to the Rest Assured Retirement Show. This is Jeff Holmes, certified financial fiduciary and certified retirement counselor. I'm joined here with Matt McClure, our producer. And I want to say a big thanks to Matt. Did a great job on the notes this week, as you do always. And there's some good stuff in here.

Producer:
I certainly try. You know, we do we actually have there is a team of us, but, you know, I'll just I'll take credit for us all. Hey, you know. Yeah.

Jeff Holmes:
They're not just.

Producer:
They're not here to say otherwise right now.

Jeff Holmes:
So. That's right. So, you know, we'll just we'll just say that's the way it is. So. That's right. That's right. You got so. Well, like I'm saying, we're welcome back. We're going to get into some great stuff today, is going to continue on with the Smart Retirement Plan series, smart lifestyle, smart legacy and smart adjustments. Those are very important subjects. And also, if you would like to know more or set up a consultation with us, you can go to our website. RestAssuredRetirement.com and set that up or call in at (480) 454-9191.

Jeff Holmes:
If you would like to learn more now obviously this is for the people that do want to get questions answered for their specific situation. And also if you do miss part of this episode because you're out and about on a Sunday afternoon, you can go back and listen to this on that same website. RestAssuredRetirement.com or go to wherever you listen to podcasts. So reach out to us. We love hearing from our listeners. So what are we going to do today? First off is the overview is going to be first. We'll start off with our financial wisdom quote of the week. That's a big favorite and then we'll get into smart lifestyle, smart adjustments, and then we're going to get into the inflation demonstration. But right before that, we've got an offer for anyone that would like to get a report of the name of the report is 23 Retirement cost cutters for 2023. I think I got that right, Matt.

Producer:
That's right. Sounds great to me.

Jeff Holmes:
It took me an hour of focusing on that yesterday just to make sure I got that right today. So but what that is, is just a quick report to help you cut cost in retirement. Now, I know if you're like me, many of you out there going, well, I'd have to go to the website, give them my email or call in at (480) 454-9191. And my first thought would be, if you're thinking this, I'm right there with you, is there going to get my email and spam me and which means you're going to, you know, I've had that happen. I'm not sure about you out there, but I know I have. And next thing you know, you've got all these emails come from everywhere else. Has that ever happened to you?

Producer:
Matt Of course not. No. It happens all the time. I'm telling you, my email, it's almost as bad sometimes as the phone with the spam calls. The email can be even worse, I guess sometimes. But that's not what we're going to do. We will absolutely not do that to you folks.

Jeff Holmes:
No, no, No one will ever know your email because the way I look at this is the worst thing I want is in my contacts, a bunch of email for people that don't want to be contacted because that's a complete waste of your time and a complete waste of my time. And so I tend to delete those right away after sending. So, you know, you will not hear from us unless you want to be heard from us. So that's just the way that that works on that. And I've always had an issue with the spam where they came up with that name because when we got spam when we were younger years ago and some of you just remember this is when you got spam sandwiches for lunch all week.

Producer:
So that little fried spam sandwich.

Jeff Holmes:
Yeah, fried spam. Oh, that's the south there. There you go.

Producer:
That's right. That's right. That's that's fancy spam down here, let me tell you. Yeah.

Jeff Holmes:
In Mexico they just got straight spam didn't even having green chili with it. That was tough, you know, at least.

Producer:
Just right out of the can.

Jeff Holmes:
Yeah, exactly. Just bam, There you are. So that's going to be the inflation demonstration part of that part there. So I'll be mentioning that again. So also we'll get into how to beat the bank CDs get more favorable rates and a safer investment. Also get into Smart legacy, which is very important. And then ten tips for a Happy retirement.

Producer:
And now Wholesome Financial wisdom. It's time for the Quote of the Week.

Jeff Holmes:
So as always, I'm going to have Matt go ahead and read our Quote of the week. If you'd be so kind.

Producer:
I will be so kind. And I'll read this quote this time around, which comes from Dave Ramsey, the famous money guy. And he said this one time, quote, Financial peace isn't the acquisition of stuff. It's learning to live on less than you make so you can give money back and have money to invest. You can't win until you do this. That's very some very wise words there, I feel. Yes.

Jeff Holmes:
Very apropos. Yeah, that's that's a keeper right there. Everybody needs to make sure they write that down, record it or whatever, and keep listening to it. So what we're going to do is get into our smart retirement planning subject with smart lifestyle. And if you want the to live a lifestyle in retirement that you enjoy, you may also want to make sure that your money does not outlive or you don't outlive your money. You want your money to outlive yourself. Make sure that that happens. So how do you do that? Obviously, I mentioned earlier there's no obligation whatsoever consultation that we can go through and give you a second opinion. And it's like going to a doctor and you're going to have this surgery and you're not sure about the surgery. And I know I've done this and I'm sure many of you have, and you probably may have Matt, you may go, Well, maybe we need to talk to someone else about this besides this doctor that advertises just one surgery on his website. And.

Producer:
Yes.

Jeff Holmes:
And maybe look at the ones that have maybe a couple, three choices. So very important to do. And that's, you know, if you think about your retirement plan, that could be almost as important as that potentially or as important. So what does a smart lifestyle mean? Well, first off, you know, you want to set a goal where you're going to have a happy retirement. And our goal here is to help you live the retirement you work so hard for. And remember that when you're in your 60s and 70 seconds and as far as lifestyle goes, we like to call that your go go years to where you retired early on and you go traveling. If that's your goal or doing whatever it may be. Then when you get into your late 70 seconds, maybe 80 seconds, depending on your health, it becomes what they call the slow go years. You don't go out as much. And then in the 80 seconds and beyond, those might end up being the no go years, depending on your health and all that good stuff. So it's important to plan your smart lifestyle around that idea.

Jeff Holmes:
Now, many of you may be going great until your 80 seconds and that's fantastic and that's a great thing. So you don't want to outlive your retirement funds. You want your funds to outlive you. The happiest people in retirement are the ones that are living within their means. First off, they have income sources they can count on. Can you count on your income sources? That is, if you if you cannot count on those, you really need to take a step back and look at that. What we do is we help people navigate Social Security, which is not the easiest subject to understand. And then also pensions from your employer, if you have those are personal pensions from annuities or any other retirement income that you may have. The key is you have to have something that you can count on as far as income in retirement. Now, if I'm wrong on that, I'd like for you to let me know. But wouldn't you like to have income that you can count on in retirement?

Producer:
Absolutely.

Jeff Holmes:
Yeah, that's most people say yes to that. And that's a that's a key to that. Okay. Now that's a little bit on the lifestyle end of it. How about making smart adjustments as you get into your retirement planning? Now, you should have a portfolio and your retirement plan should be reviewed annually to ensure you're on track to meet your goals and not outlive your money. That is a key there. Now, early on, sometimes people like to meet every three months or every six months. You do need to make those adjustments, especially in the early going as time goes on. Now, those adjustments will continue on. It's not something that is etched in stone. So Smart Adjustments is an ongoing thing. And now if you haven't heard from your advisor lately or they're just telling you to hang in there despite the negative returns, you may owe it to yourself to sit down and get a second opinion. Obviously we provide those at no cost and no obligation to our listeners. What we do is we review those, help you review those assets regularly and allows you to know when you should rebalance.

Jeff Holmes:
And if you haven't had those rebalance you recently, you need to think about now. Over time, the performance of your different assets can cause portfolios to allocate to what we call drift away from what was originally set. And rebalancing helps maintain your desired level of diversification and the big one risk. Additionally, rebalancing could help you keep your emotions out of the investment decisions. That's a tough one. So it does help out with that and that could increase the value of your assets going forward. We want to help you take the emotional and stress out of your financial planning so you can live a stress free retirement. And now if you're and the reason I started doing this years ago is because I had relatives that were stressed out in their retirement. They were still invested like they were a 40 year or 40, 50 year old. And so they were very stressed out because they had all their money in the market. And no, didn't did not had no head. How did I how did that come out there? So, you know, it never.

Producer:
It's first day with your new tongue there.

Jeff Holmes:
That's right. Yeah. So I get to going too fast here and my mouth does not catch up anyway. So what happens is you want that dependable income, You want that income that you can depend on and count on. So the next thing we're going to talk about again here is and we're actually going to you're going to get this at the start of the next break is we're going to we got a little vignette on the 23 retirement cost cutters for 2023. And you'll get to listen to that. And then we'll get into the inflation demonstration and continue on with our Smart retirement planning series. Again, this is Jeff Holmes, a certified financial fiduciary and certified retirement counselor. You can get that report. And again, you need to listen to earlier on when I spoke about what we do with the emails, we do delete those after we send those out. So we're not in the business of spamming people. No one has the time for that. So that's what we'll get back to the show here in a few minutes.

Producer:
You're listening to Rest Assured Retirement to schedule your free No obligation consultation with Jeff visit RestAssuredRetirement.com.

Producer:
With soaring inflation continuing to wreak havoc on everyday budgets, there's never been a more important time to cut costs. But do you know where to begin? I'm Matt McClure with the Retirement.Radio Network. Powered by a life. There is no question costs have been soaring.

Sharon Epperson:
About one third, 34%, say they are worse off financially this year than a year ago. Almost half, 46%, say they've had to cut household spending due to inflation.

Producer:
Cnbc correspondent Sharon Epperson recently reported on a survey that sheds more light on how inflation has been impacting us all. Even those who earn six figures a year.

Sharon Epperson:
These high earners say the first expenses to go are dining out at restaurants, entertainment outside the home and travel and vacations. More than half also say they'll delay big household purchases.

Producer:
That high inflation has led the Federal Reserve to respond with interest rate hikes. The goal is to increase costs to tamp down demand. Esther George is president of the Kansas City Fed.

Esther George:
Already we've seen the committee's policy actions lead to a very sharp tightening of financial conditions.

Producer:
But it hasn't done enough yet and costs still keep rising. So what should you do? Well, we have a free resource called 23 retirement cost cutters for 2023. It's full of ideas to help you make the most of every penny. Things like take advantage of senior discounts, eliminate unnecessary subscriptions, and cut back on clothing expenses, look.

Sharon Epperson:
At your needs and wants, Figure out what's optional and what you can cut.

Producer:
Out. The last one on the list of 23 retirement cost cutters for 2023 is perhaps the most important. Seek advice from a trusted financial professional. That's the best way to get in-depth financial advice in retirement planning that's customized to you and your goals. Just make sure whoever you consult for financial advice has years of experience and credibility you can verify. So do you know the best way to cut costs in 2023? That's a key question to consider as our budgets get stretched to the max with the Retirement.Radio Network powered by Amerilife, I'm Matt McClure. To receive a free copy of 23 Retirement cost cutters for 2023 from Jeff. Call (480) 454-9191 or go to RestAssuredRetirement.com.

Jeff Holmes:
Well thanks Matt for that vignette you know that little piece there the 23 retirement cost cutters for 2023 obviously we're seeing the report out and we'll mention that again towards the end of the show on how you get that.

Producer:
Want to know where your hard earned money is going. It's time for an inflation demonstration.

Jeff Holmes:
I didn't see any of those fancy terms that you use before. Like, you know, shelling out or eccentric. What was that?

Producer:
The exhilarating prices and accelerating. You're shelling out for it. Yeah, yeah, yeah. You know, sometimes you just got to keep it simple and. And or you just run out of puns. And that's what happened this week.

Jeff Holmes:
I understand. So high prices are impacting other foods. Well, imagine that consumers are paying record prices for eggs. Yeah. My wife came home with a half a dozen the other day. I was going, Wow, we're down to six now. Okay. Yeah.

Producer:
You get to have an omelet, that's you get to have a one egg omelet. Basically what she's doing now. Yeah.

Jeff Holmes:
No longer do you get the three egg omelet that's over with. So beyond the inflated sticker price of a dozen eggs, there are hidden expenses that Are you finding soaring costs? And this coming from cnbc.com. An article on high egg prices that contribute to food inflation. They get into that a little bit and how it's trickling down across the grocery store. And those items were eggs are a main ingredient, you know, or anything like mayonnaise or some baked goods. Obviously, you know, my brother would always say you just shouldn't be mayonnaise anyway, So there you go.

Producer:
Now, I love mayonnaise, but that's just again, I'm from the South, so yeah.

Jeff Holmes:
That's right.

Producer:
It's basically its own food group.

Jeff Holmes:
Yeah, it certainly is. I understand that. And now there's also a long list. You get into egg noodles, certain kinds of bread, custards, custard. That's not good like that. Puddings, breaded or battered, meat and vegetables, salad dressing, condiments. Now this is a big one. Marshmallows, My goodness. Yeah.

Producer:
I mean, who knew? But yeah. Guess it's egg whites. Guess going to marshmallows. Oh yeah. Guess the yolk wouldn't go in. But yeah, the egg whites would go into marshmallows and that's. Yeah, that's something.

Jeff Holmes:
I'm not sure yellow marshmallows would be a good look at.

Producer:
All right, well unless they're peeps around Easter time. Guess.

Jeff Holmes:
But that's about it. Maybe so Maybe now that might work. And then there's obviously some soup broths that have eggs in them. So the eggs are also causing inflation. When you dine out at restaurants, they're a key ingredient in many dishes that you would would surprise you. I've heard of that over and over again. And now you also had a chart here showing what has gone up. There's actually one thing that has gone up and all the guys out there will be celebrating. This is there's a -3.1% in beef and veal. So there you are. You know, you can get a steak for a little bit less. Now, how about that?

Producer:
That's right. See, that's good. I like that deal. Yeah. But then again, you know, everything else has gone up. So if you only eat beef, you're doing great.

Jeff Holmes:
Yeah, that's right. And, you know, I know a lot of people. I have a son in law that might do that, too, Right. He would be all in on that. So now, as far as food at home, overall, it's gone up just under 12% at 11.8%. Butter and margarine has gone up almost 25%. Wow. And then you have let me see. No, excuse me. I got that mixed up with lettuce. Lettuce. Now, this is another celebration for for guys. Their lettuce went up about 25%. So that means, you know, the women are not happy about it, that the guys are. So there you are. Oh, have you ever noticed that that how that works? Yeah. Oh, yeah.

Producer:
That tends to be one of those things. That is an eternal truth, I feel. Yeah.

Jeff Holmes:
Now, getting back to butter and margarine, that's gone up a little over 35%. And of course eggs have gone up about 60%. So that's a big rate hike right there. So really have gone up.

Producer:
Need a higher rate of return from your safe money? Listen up. It's time to beat the bank CD rates.

Jeff Holmes:
Multiyear guaranteed annuities. Now, you may or may not have heard about these and we'll go through that here just a little bit before the break. Rising interest rates present opportunities for conservative investors. As interest rates continue to rise, so do rates for bank CDs. Now, some of the big banks don't seem to have that high of rates for their CDs or their savings, if you've noticed. So you might want to have to look elsewhere.

Producer:
Especially especially those those brick and mortar banks. A lot of times those those rates tend to be and just say tends to be really, really low the ones that. Names that might come to mind off the top of your head as like the biggest banks in the country. Those are some of the lowest rates that you see if you just go on and check online.

Jeff Holmes:
That's correct. And there's some well known banks out there, by the way, that do online and they do have very good rates. And that's a key. So the brick and mortar does cost you a little bit on your interest. Now, these multi year guaranteed annuities, better known as omegas, is I encourage you to look at those because they have a lot of benefits and we'll get into part of this as we go. But first off, CD rates are good right now, but many mortgages actually have more favorable rates. They're a little higher than those are at least the ones I've been looking at. These can be particularly beneficial for those looking for higher returns without taking risk. Please don't settle for low CD rates. That's not a good thing. And there's another thing is micas grow tax deferred, which means you only take only get taxed when you take the money out, unlike CDs where you get taxed on an annual basis. So we'll continue on with this subject. And this Jeff Holmes and Matt McClure will be back in a few got questions.

Producer:
Jeff Holmes is here to help visit RestAssuredRetirement.com today. Once again, here's Jeff Holmes.

Jeff Holmes:
Welcome back to the Rest Assured Retirement show, this Jeff Holmes, certified financial fiduciary and certified retirement counselor. We were just going through comparing bank CDs with multi year guaranteed annuities, just finished up on how Magus would allow your money to grow tax deferred and would not be taxed until you pulled it out versus on an annual basis. Cds do get taxed no matter how many years you have it in there. So every year it does get taxed. So it's not a big difference, but it does make a difference in the interest that you gain. Also, the earnings, like I just mentioned, they are obviously not subject to taxes. Now, there's other guidelines. Depending on your age you need to look into on these. So if you have questions on that, feel free to call in at (480) 454-9191 or go to RestAssuredRetirement.com. If you have other questions on how these work now the how do they how do they do this is basically they are making sure that you are invested in something that's very safe and you have to remember that bank CDs have a financial reserve requirement of three.

Jeff Holmes:
To 10%, while Migos have 100% reserve requirement. Would you feel safer knowing that 100% of your principal is backed up in reserves by law versus just 3 to 10% with a bank CD? And obviously that's why they have the FDIC to make sure that that gets covered in that situation. What good is a safe investment if your money isn't safe as it could be? So if you've ever heard of banks going out of business, that did happen a little bit in 2008. And there's a few names that I won't get into at that time, but people were a little bit on edge during that time. And, you know, it's funny, there was a bank across from an older office I had never met that had just a smaller bank. And it ended up being bought by an insurance company. And it became an insurance company bank. So I thought that was very interesting because of the and that happened to do with the types of reserve requirements that banks have always had. They've always done well financially because of that. So something definitely to think about in that situation.

Producer:
Definitely so.

Jeff Holmes:
Okay. Now we're going to get into the next subject. Here is Smart Legacy. Now, this is a tough one because planning for the end of your life can often be difficult to discuss. And unfortunately, we know it all. No one gets off. I have a brother in law that always says no one gets off this planet alive.

Producer:
So when he hit the nail on the head with that one. Oh, yeah.

Jeff Holmes:
Yeah, It's a heart. You cannot argue that one. Now, your family doesn't want to think about it. About life without you. Then they may choose not to make a plan to avoid hard conversations. The reality is that making the plan for end of year life actually protects your family. So that's a really tough one here. We're going to go through how that works and the benefits of estate and legacy planning. And just because you're not very, very wealthy doesn't mean that you can't do some estate and legacy planning. Ensure your assets are passed on to your loved ones in the best manner you can to eliminate any possible family disputes is a big one over who's going to receive what you know. And there's ways to do that. We're going to get into that here in just a second. Provide for your loved ones in the event of your death. This can provide peace of mind knowing that your family will be taken care of even after you're gone. Now there's going to be something you want to look at here that's very important. We're going to do a comparison between wills and trust, and this is going to take a little time. Very important for you to know what what the difference is.

Jeff Holmes:
First off, they're both legal documents that are used to manage a person's assets after their death, but they serve different purposes and have some key differences that you need to know. A will is a legal document that outlives how person's assets should be divided upon their death. It also outlines who should be the executor of the estate, who should receive and who should receive any of the assets which are the beneficiaries of that. A trust is an arrangement that allows a person to transfer their assets to a trustee during their lifetime. Typically, that's themselves who set up the trust. The trustee is then responsible for managing the assets and distributing them to the beneficiary named in the trust. Now, to get into that a little bit, both you, if you're married, are just single. If both of you pass or one of you passed, then it goes to a successor trustee that then exercises that and makes sure the funds get distributed to who are the beneficiaries. We'll continue on with this. That's very important part of your retirement planning. This is Jeff Holmes with Rest assured. Retirement.com. We'll be back in a few.

Producer:
Thanks for listening. To rest assured retirement with Jeff Holmes. If you like what you're hearing, subscribe to the podcast and leave us a review wherever you listen to podcasts. You're listening to Rest Assured Retirement.

Jeff Holmes:
Welcome back to the Rest Assured Retirement Show. This is Jeff Holmes, Certified financial fiduciary, certified retirement counselor. I'm joined here with our producer, Matt McClure. And we were just going through something called Smart Legacy, How to do estate Planning for Your Retirement Plan. Now, I find this very interesting. Most people, this is the last thing they do in their retirement planning because obviously it's the subject that is about the end of their life and is obviously difficult to discuss, but very, very important. And we were just talking about the difference in the in a will and a trust. Now, first off, if you have a will, great. We're glad you have that. That's very important. Now, there's something about that, though, that you need to be aware of if you aren't already, you're basically putting your legacy in the hands of the court and the state to make your last will clear so your family doesn't have to bear this additional burden. You may want to look at something else as far as a trust or something like that, because what happens is that you end up having them go through probate. So basically what happens with this is you have a trust that is going to include and now everybody thinks that a trust is is a little bit too expensive for them or they're not going to get what they should out of it. You know, it's going to just cost way too much to do. And they really don't need that.

Jeff Holmes:
Well, if you only have a will, you have to remember that obviously it goes through probate. But now in a trust, the trust nowadays has become more and more affordable, we found. And what a trust will do is it'll also include a will. It'll include a living will or basically what you call your health care directives, power of attorney for both, you know, your legal and health. On that, I say legal. So your finances obviously there legal is a good term to use there also. And you have all these included in a trust for not a whole lot more than a will if you're talking hundreds of dollars difference nowadays and those can be done. So if you have questions on that, I would recommend that you set up a quick consultation. And RestAssuredRetirement.com or call in at (480) 454-9191. We'd be glad to go through your options on that. Also you can get into doing something else which is doing a Roth IRA where you're basically going to be passing on your money tax free to your beneficiaries and that will help them eliminate what they we call the family inheritance, a tax bomb, because if it's a regular IRA could be very tough on them in retirement to have have to deal with that as far as taxes go depending on their situation. So definitely something to look at in that. And how do you basically here's some ideas on the benefits of a Roth IRA for your end of life planning.

Jeff Holmes:
First off, we all know the tax free withdrawals are you know, that happens there. Obviously, there's some things you have to remember. They you have to keep that Roth IRA for five years or at least age 59.5 on those situations. There is no age limit on contributions. As long as you have earned income, you can contribute to your Roth IRA. There are no required minimum distributions. We've talked about that a few times on that one. And there is also potential for that compound growth that you would get from that. They are more flexible. But again, like I mentioned before, there's a few things that you have to look at, like pulling money out before 59.5 that you have to consider. So doing a Roth conversion if you're eligible, there are certain guidelines for that. Also, again, it's a government plan. So there's a lot of guidelines and it does get complicated for for doing that. You can convert your traditional IRA into a Roth, which can be beneficial if you expect your tax rate to be higher in retirement. Now. I know that sounds funny because everybody thinks that they get into retirement, their tax rate is going to be lower. Well, just remember, $31 trillion in debt. You know, and remember, if you haven't looked at past tax rates in the United States, you may want to look at the history because we are one of the lowest points in the history of this country when it started doing taxation.

Producer:
Yeah, that's the biggie for me.

Producer:
I feel like it's you know, even if you go back, let's say if you were to go back to even like the 80 seconds when the top marginal tax rate was something like in like 80% plus or something, and now, you know, it's down, what is it in the upper 20 seconds? Something like that, around 30. Not quite 30. It's it's amazing how how much lower compared to those historical numbers we are right now. And so yeah, I mean, at some point the government's going to have to raise revenue somehow. And it doesn't just magically poof, you know, money into the into the air here and say, oh, well, we have no debt anymore. It's just not quite the way it works.

Jeff Holmes:
Yeah. No, I don't expect it to be. We will be surprised. So, okay, so what I'm going to do here is we're going to go through and finish up with our show here. First off, before we get to the end of this, we always like to go with the full retirement plan consultations and give you a review of that. Obviously, it's at no cost or obligation to you. It only works. You only work with us if you find it's best for you. You're always, always in charge. And just like I mentioned before, about the 23 retirement cost cutters for 2023 at the beginning of the show, if you want that email to you and that report, which is a really nice report done by our team and that will be something we email to you. And if you don't want to be contacted further, we will not contact you unless you request it. And because, like I said before, no one wants to be bugged and we don't like to bug people. That's a waste of your time and my time and that's the way we feel about that. So that's that's I'll end it with that one there. But anyway, we'll obviously help you analyze your financial situation and examine any annuities that you currently have. Look at the fees you may be paying in your retirement accounts like your IRA or 401. K, and we basically give you a comparison to your existing situation. You may be in the exact place you need to be, but again, like we mentioned before, getting a second opinion may be something you need to do just to make sure. And if there's something out there maybe you haven't heard about, again, there's that saying pops up. You don't know what you don't know and that you may have heard that before.

Producer:
I probably said that a few times before here on the show. That's one of my favorite phrases. But it's true. I mean, it's like it it may seem redundant, like we were talking about, what was it last week from the Department of Redundancy Department. But it's it's true, though. It's like you really don't know what you don't know. So the things you don't know hey learn them take take the time to learn. Educate yourself a little bit and then you'll be in a better spot.

Jeff Holmes:
Yes, that's right. Much. And a lot of you guys out there, you know that your wife's probably told you that before. You don't know what you don't know. So.

Producer:
Or or just you don't know nothing. You know, that's that's that good Southern.

Producer:
Grammar for you.

Producer:
There, too.

Jeff Holmes:
There you go. There you go. We like that. So, okay, what's going to be coming up next week? We'll have right or wrong and the retirement income sources there. We'll help you understand more about where your income will come from during your retirement and how it will be taxed. Really important. We've got if you've got questions about Social Security, it'll be a good time to listen in. It's one of the things that we get asked about the most, and we'd love to help you with this. So just give us a ring on that. (480) 454-9191. Okay. Now we have something called the ten Tips for a Happy Retirement. This is a good one. First off, take care of your health. That's really number one. And you do that so you can be here for your grandkids and your children and help them out during your golden years. And hopefully they're golden.

Producer:
That's right. That's right. Hopefully it's not a lump of coal. Yeah, that's.

Producer:
Yeah. And that's the thing. And I love too that we have because we've got this, this nice little graphic on our page. You unfortunately folks can't see it, but we have a nice little graphic on our on our page of notes here for this. And it's. The picture of a heart. And this is actually February happens to be National Heart Month. And we're trying to raise awareness for for heart health and everything. And it's something that I find really like, you know, I'm pretty passionate about because my my dad had heart disease. My grandmother on that same side had heart disease. So I'm like I'm like, am I a ticking time bomb? But you can't. You can. There are things that even if you do have a family history like that, you can take care of yourself, Lessen the chances that you will also have heart disease later on in life. And yeah, absolutely. I'm glad that's number one on this list. Take care of your health. You'll be much, much happier in retirement. Yeah.

Jeff Holmes:
Thank you, Matt, for that. That's really important. And what we'll do is I'll tell you what, if you want that 23 retirement cost cutters for 2023, we'll throw this one in as a bonus because it is worth looking at. I have to agree with Matt. It's a really nice graphic. And what's number two is start saving and investing early. Number three is live within your means. Four is write a will that might be good to do. Get things started there if you haven't. Number five is find new hobbies to keep you busy. That's my dad always said that. Make sure you can do something in retirement you enjoy but stay busy and you know he say that he had arthritis but he would, you know point at me and say you do that. So remember that. Um, number six is have a financial plan or what I would like to call especially a retirement plan when you get into retirement. Number seven is take full advantage of your employee pension plan. If you do have it doopsie pension maximization. Have you ever done that? Also, number eight is plan how you'll spend your time. Very important there. Number nine is become financially literate for everybody from New Mexico. That means get educated. And on retirement there. So so I can I can say that.

Producer:
So that's right. You can say that.

Jeff Holmes:
Number ten, don't retire until your debts are paid. Now, that's something that the mortgage comes into. Question on that and we can help you out with that if you happen to have a very low interest rate on your mortgage. So that is the ten tips for a happy retirement. Could not agree more with all of that. Very important.

Producer:
It's this week.

Producer:
In history.

Jeff Holmes:
And there's some very important dates here I'd like to go through. First off, on February 17th, on this date, 1963, American business owner and American professional basketball player Michael Jordan was born. That was a very good date, especially if you're a Bulls fan like I was and still am. So he was considered the best basketball player of all time, of course. Is there any question to that? I mean, really? Yeah. He even took off time for play baseball and he still did what he did. That's right. Absolutely. Pretty amazing. And he's obviously he's also the first billionaire in NBA history in 2016. He did work very hard there. Uh, February 18th, also on this date in 1936, a real important one here is American athlete Jesse Owens won the 200 meter race in world record time of 20.7 seconds, and it was his third gold medal at the Berlin Olympics. Way to go. And a couple other real important things is 1957, on February 18th, you had American music performance and dance show American Bandstand came about and a lot of you remember that one was hosted by Dick Clark and ran for 37 seasons and had 3000 episodes. And to finish up this probably the most important date, February 19th is historic moment. On this date in 1945, United States Marines invaded Iwo Jima during the final phases of World War Two. That battle lasted for five weeks. And you remember the iconic photograph of the six Marines raising the American flag. It's a big shout out to our veterans. Thank you for what you do. You don't get thanked enough. And that's it for now. And Jeff Holmes and Matt McClure signing off. And hope you all have a great rest of your Sunday.

Producer:
Thanks for listening to Rest Assured Retirement. You deserve to work with an experienced and licensed expert who will strategically work to protect and grow your hard earned assets to schedule your free no obligation consultation with Jeff. Visit RestAssuredRetirement.com or pick up the phone and call (480) 454-9191.

Producer:
Assured Financial is an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives. This material has been prepared for informational and educational purposes only. It is not intended to provide and should not be relied upon for accounting, legal tax or investment advice. Advisory services are offered through Foundations, Investment Advisors an SEC Registered Investment Advisor. Certified Financial Fiduciary CFF is issued by the National Association of Certified Financial Fiduciaries. CFF is reserved for financial professionals who have successfully completed a certification and training process established by the NACFFF and the AFEA.

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