12.10.22: Audio automatically transcribed by Sonix

12.10.22: 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 Advisor. 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 client's 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 show, everyone. This is Jeff Holmes, a certified retirement counselor and certified financial fiduciary. I'm joined here by our producer, Matt McClure. And we were just kind of having a discussion here about what's coming up in two weeks from today. You'll have all of your Christmas shopping done there, Matt.

Producer:
You liked that reaction? I bet, because. No, I. I don't even I haven't even started, really. So. So no.

Jeff Holmes:
No, I'm I'm not saying this of anyone, but all you gentlemen out there. I'm sure you've never done all your shopping on Christmas Eve. No one's ever done. No one's ever done that, right.

Producer:
I never have. I can tell you, I have never stopped off on my way to either my parents or my sister's house. So whichever we were celebrating, I have never stopped off at the local Wal mart or the local 24 hour pharmacy store to buy a last minute gift or two never happened.

Jeff Holmes:
So what we have going on now is that most of you are listening to this show and you're probably out there doing your Christmas shopping if you haven't done it online. That's where I've done most of my kind of. So I may have family listening. I have to kind of make sure I keep that under wraps there and exactly how I did that. So if you're doing that and you're getting in and out of the car and you're listening to the show, remember that you can go to our website, RestAssuredRetirement.com and you can listen to the remainder of the show that you may have missed. Or you can go to wherever you listen to your podcast and listen there. Now we obviously offer a complimentary consultation online here. You can go there and set that up. Are some of you just may have a question you'd like to ask and that's going you can actually just pick up the phone and dial 480 454 9191 and we can answer any questions you may have. So we feel really happy and joy talking to our listeners who call in. So I'll look forward to speaking with you. And now what is the topic of our show this week? And this is an interesting one that we kind of already know the answer to this for most people and has your 401K.

Jeff Holmes:
disappointed this year. So if you are in a situation where that is true, you'll get a lot out of the show today and there is a way to how to take control of your retirement savings as we go through the show today. Now, the overview of the show, the shows that we're going to be doing this week is first off, we start off with the famous quote of the week. Then we get into four. Okay. Rollovers and in-service distributions. If you haven't heard of that, you may want to go back and listen on this part. We'll get into what we call problem solver, where we give an example, an example of how we were able to help people with this in-service distribution. 401K rollover. And we also have seven questions we can help you answer for retirement. Then we'll go on to signs that you could be ready to retire. And next will be how to save money and headaches this holiday season. And then we'll also get into right or wrong and then also get into this week in history. We've got a special addition to that, too, that I've added on. So what we'll do is I'll have Matt start off with our financial Wisdom quote of the week. It's a good one.

Producer:
And now for some financial wisdom, it's time for the Quote of the week.

Producer:
It is a really good one, and I like them when they come from unexpected sources. And this is one of those name that you might not have heard for a little while, but a great in American sports really from Jackie Joyner-Kersee. She's a multiple time gold medalist in the Olympics and in other competitions in the track and field. The heptathlon specifically also the long jump. So very, very accomplished athlete there. And Jackie Joyner-Kersee once said this, quote, It's better to look ahead and prepare than to look back and regret. And that may be very, very true with your with any type of sporting event or that that you take part in. Definitely true for your finances.

Jeff Holmes:
Yes. I couldn't agree more. And in retirement, do you want to look back and regret that you didn't do more planning when you're in your eighties? Or would you rather do it when you're in your sixties? Something to think about. And by the way, this a Jackie, she was in the. How do you pronounce that?

Producer:
Kathleen Yeah. Heptathlon, I believe. Yeah, that's. I've never done one myself, but, you know, I've done a short jump that she did the long jump. That's, it's about as close as I've come to anything she's accomplished.

Jeff Holmes:
Yes. And so it said she did that plus the long jump. And if you're wondering what that is, everyone, it's 100 meter hurdles, high jump shot. Put 200 meter dash, long jump. Javelin and 800 meter run. Now, I don't know about you, but I'm just tired going through the list.

Producer:
Seriously, That.

Jeff Holmes:
Will make you tired.

Producer:
Yes, it will.

Jeff Holmes:
That's for sure. So. Okay, so we'll get on with the business of the day here. This week's show is for all of you out there that have been disappointed with the performance of your retirement accounts this year. We know it's been difficult to look at your statements and see your numbers dropping, even though you have continued to work hard and save consistently. Now, for some of you out there, you may not have even open your statements. No, that's not a good look. You need to be opening your statements and keeping an eye on those things. Now, what how how's the market performed so far in 2022? If you look at the S&P 500, it's down about 17%. The Nasdaq is down about 29%. Obviously, by the time you hear this on Sunday, it may have changed a little bit, hopefully for the better. What we'll do now is we'll say, is there a better way to to avoid this? And one of things you may want to consider is a traditional 41k rollover or in service distribution. We want to help you dispel the myth that you can't touch your money that you've saved in your four, one K or other retirement accounts. Most people don't know they can do what they call an in service distribution. It's always our goal to help people take control of their assets so they can save more of their harder money and maximize their returns.

Jeff Holmes:
Most people don't know they can remain with their company, stay in the plan, continue to take advantage of the maximum match from their employer and continue on with that, but then also be able to take money out of that and roll it into an IRA. If you are nearing the retirement red zone and we've talked about this on a regular basis where you're within five years of retirement or you've been retired in the last five years, consider taking 40 to 50% of those dollars out to protect the portion from loss. We have ways to help you do that with zero fees. And the solution can provide you with additional income stream that you may never outlive. So and I said may can never outlive. And that is setting up maybe an additional pension like income. If you not heard of anything like that, give us a call. Like always. What we'll do is we go through things that you may not be familiar with and those are some of those options that you may want to at least learn about to see if they work well for you in the future. You don't want to go and look back and regret not doing that later on in your retirement.

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

Jeff Holmes:
So how did this work out for one couple? We've given them a name of Edward and Marie. They're a married couple who are both in their early sixties as an accountant. Marie is an office manager. They both have retirement plans through work and are considering saving enough to maximize. The free company match while reducing their current annual taxable income. Very important to do that. They have been great savers, but both are disappointed in what has happened to their balances this year. Sound familiar? Each have seen 20% or more losses year to date. Not again, not a very good luck there. So what did they do? Ed and Marie will both do a traditional 41k rollover. It's an in-service distribution to new accounts. Now, when you think about doing that, something you have to you may not be aware of. And this is doing planning down the road here is. Why would you want to put that into an IRA? That's one of the main reasons. Well, for one case, you know, you have. Quite a few options in most cases. Usually about two or three pages worth is what I've found of different options with different people I've met with over the years. But it's a very limited number of investment options compared to if you went and got an IRA and then had access to all the other.

Jeff Holmes:
Investment options that are out there. Different asset classes, things that you may not even have available through your 41k, So it's definitely something to look at. It's not something that works for everyone, but it's definitely a way to look at this and this will allow you to implement a more risk efficient. Now that's a fancy term right there, risk efficient. And what that really means is less risk or risk that fits your retirement plan. And last week we went through financial the difference between a financial plan and a retirement plan. You need to listen to that to get an idea of what we're saying with those two terms. Also, something maybe more market efficient where maybe you could actually take a little bit more risk and part of your account and keep money safe in another account and have a more market efficient growth that you can use later in life. There. Also for us, fee efficient, that means less fees, obviously. So now when we're talking I mentioned the word portfolio. I learned this a long time ago when I was first learning this. I had a gentleman I worked with and basically his term for a portfolio was your financial stuff. So that's what he used. So we're about out of time here in this segment. So we'll be back in a few minutes.

Producer:
You're listening to Rest Assured Retirement to schedule your free no obligation consultation with Jeff visit RestAssuredRetirement.com. Helping bring you one step closer to financial freedom. You're listening to Rest Assured Retirement.

Jeff Holmes:
Welcome back, everyone, to the Rest Assured Retirement show. I'm Jeff Holmes, a certified retirement counselor and certified financial fiduciary. Today we are talking about the subject of has your 401k disappointed you this year? And we were just going through an example of what a couple went through to change this situation. And we are finishing up that there's a little bit left in that solution there. They what they did is they found that when they were rolling that money over from their 401k to the IRA, they were able to withdraw the maximum amount of funds so they could still remain in the company plan and continue to take advantage of free matches and and or currently and invest in balances. Most people can do this once or twice a year to take control of their assets, and that's basically going into an IRA. Now, obviously, the plan documents are what you have to find out what you can or cannot do, and that's where you go to your human resources and they'll be able to help you out there. Now, we went through, obviously, the differences of IRAs versus four one case also briefly in the last segment. So, again, if you had missed that part, you may want to go to our website, Rest assured retirement, and listen to that part of this show. It'll be on there. You could go wherever your podcast where you listen to your podcasts. Now we talk about a lot and then get into what a complimentary consultation means. First off, there's a lot of different things we go through, and it can seem very complicated to a lot of people, a little bit scary, in a matter of fact.

Jeff Holmes:
But the complimentary consultation is something that we schedule. We take it as a convenient time for you. You can reach out to the website. Obviously you can call in at 480 454 9191 and you're probably wondering what kind of questions we can help you answer for your retirement and your retirement plan. So we have a list of questions here that we help people answer. And just going through the list of that we have that works with everyone, everyone's situation, though, is different as we go through this. So first off, when should you and your spouse claim Social Security benefits if you haven't already? Do you know the best way to maximize your benefits? And the question you have to ask yourself, have you ever had a break even analysis done on when to take out your Social Security? You have to ask yourself that question if you have it. Well, maybe you need to have that done, because what it'll do, number wise is give you all the different solutions and how those work together. Now, obviously, if you have health conditions and family history of health conditions, you may find that you have to adjust that a little bit. As far as when you do take those benefits, it will vary for everyone. But a very good thing to do is make sure at least you do that analysis. Give you an idea of what? Especially if you're married, what is the best way to do that? Also what we go through is what is your budget and tax plan for retirement? Do you expect it to change in the future? Tax plan may change in the future as long as the government keeps spending money, and that they're going to find some way to pay for all these debts that they're causing.

Jeff Holmes:
Now, also, are you accounting for inflation and future tax increases when you're doing this? The thing that I like to go through here is something that most people don't think about as far as the expenses or your budget or what you spend on a monthly basis. There has been something I've noticed over the years of doing this. Where people will start to spend less the older they get in retirement. Later in the year. The. Labor Department came out with a study where they found the same thing. You might find that very interesting. Now, obviously, that's not taking into account. Medical situations. Like I think last week we found that the average medical cost in retirement somewhere around 315,000 now. So as far as planning for your expenses, why would they go down? A little bit, which is a shocker to most people. Well, there are three phases of retirement. The first one is the go go years. That means you're traveling. You're doing like a client's. They just sent me a text that they were going all through Route 66. They were just doing the whole thing and they just were gone for six weeks. Had a great time. They're traveling. People go and see the kids or grandkids, whatever the case may be. Then there's the next phase where it's the slow go years, so things slow down a little bit, seeing what you want to see.

Jeff Holmes:
You don't really want to travel as much, so your budget goes down a little bit there and then you get to what they call the no-go years. Where you just don't get out much. So those are the three phases of retirement. So something to keep an eye on and what happens there and then the tax planning. Have you ever done tax planning? Now, this is not looking back at tax history accounts. Do a great job and they will give you. A, you know, good deductions for what happened the past year on your taxes and help you out with that. They may do a little bit of tax planning. But has anyone ever gone through and estimated what your taxes were going to be five, ten, 15 years down the road. If you haven't done that, you may want to do look at that. Because when you're dealing with money that most people have, again in their four one case, what you'll find is if you do the wrong sequence of withdrawing money from those accounts at the wrong time, you may have something called what is called a tax spike. That means you pay higher taxes. And the reason for that is you've taken money out of a taxable account and you've done it in the wrong sequence. And what happens? You bump up into another tax bracket and it's more taxes. And wouldn't it be good to know that ahead of time? What's number three of some of the seven questions we can help you answer for retirement? How should you best manage your accounts, balances and retirement? Excuse me.

Jeff Holmes:
Required minimum distributions. Now. Right now. Do you all know what happens with required minimum distributions and what age? You can take those out And most of you that are getting close to that can say, yeah, we know it is now, say age 72 that you can you're required to take those that money out. Now, if you do not take the money out like you're supposed to after age 72, they have something called a penalty where you get penalized 50% of what you were supposed to have taken out. So if you you're supposed to have taken out. $2,000, they'll take 1000 and then they'll take taxes out. So typically what I've had one situation where one person came to me out of the blue was needing help in January because you need to do this before the end of the year and. She ended up with like about $700 The government had up with 3500. It doesn't make for a very good year on your income. So please keep an eye on that. And also number four is that should you consider converting some of your savings to a Roth IRA? And that's something that, if you can qualify, may definitely be something to help you out in the long term. So what we'll do is we will stop there. We've got three more questions we can have you answer for retirement and we'll see you back in just a second here. Jeff Holmes and our producer, Matt McClure.

Producer:
You're listening to Rest Assured Retirement with Jeff Holmes visit RestAssuredRetirement.com.

Producer:
You're listening to Rest Assured Retirement with Jeff Holmes.

Jeff Holmes:
Welcome back, everyone, to Rest Assured Retirement Show. I'm Jeff Holmes, a certified retirement counselor and certified financial fiduciary. We were just going the seven questions through the seven questions we can help you answer for retirement. We are down to number five and what you should do with your real estate. Do you plan to downsize as one question, you have to ask yourself, do you have rental income to account for? They we talked to them last week about planning for mortgages, whether you should pay it off or not. Went through that. Then number six to this list is what is your plan for Medicare in any potential long term care needs? Very important. If you haven't done that planning, you need to do the planning because is there a good chance that that may happen? Well, from what I'm hearing, there's a 50 to 70% chance is what we see on all the different news articles that are out there on this. And that's if that's if you have a 50% chance of something happening like that, it may be a very wise thing to do. And we do have a lot of different solutions for this. There's just no one one size fits all. So definitely something to look at. And what kind of legacy? That's the last of the seven questions. What kind of legacy do you plan for your children or grandchildren? Now, some people. Want to spend it all. They want to spend the last dollar and they want to do that on that last day. But that is kind of like timing the market, isn't it, now? Estate planning is a whole nother topic and referring to that. So there's a lot involved just in that.

Jeff Holmes:
So as you can tell, we do a lot of different things when you're doing retirement planning. It is a little bit of a complex subject, not something we really think people should do on their own. So now what do we do with that full retirement consultation? Well, first off, we answer all those seven. Good questions. We do provide no and no cost to our listeners with no obligation whatsoever. And we will help you answer those questions. You only work with us, by the way, if it's better for you and if we both agree it's not, you don't. Pretty simple. We also help you discover exactly how much you're paying in fees and help you cut unnecessary costs in your IRA or for one K or any of your other retirement savings. We also help you with your Social Security planning and Medicare planning. We do have someone on staff and Jocelyn is great at helping people with their Medicare. So you can contact us at RestAssuredRetirement.com or call us at 480 454 9191. Okay. Next segment of the show today is signs that you may be ready to retire. And number one, the family home is paid off. No mortgage, no credit card debt. You have a fully funded emergency fund, whatever that may be for you, whether it's three, six months or maybe 12 months of income, you are no longer supporting your children or other family members. How did we end up in the sandwich generation where we're taking care of kids and older family members? That just kind of happen that way? It can be very rewarding, though. You do have an income plan that makes sense and is multi sourced.

Jeff Holmes:
Do you want an income plan in your retirement that's guaranteed or not? You need to answer that question. Well, another way to ask that is do you want to be happy in retirement or not? And many studies show that people have guaranteed income are much happier than ones that do not. Something definitely to look into. And this is the last one here, obviously, on this weather, whether you're showing signs that you may be ready to retire as you're losing interest in your current job. So that definitely could be happening there. So with a lot of you, I've noticed some people enjoy it and some people. You know, they went, How fast can I retire? That's their first question when they come in. So. Well, we'd love to meet with you, discuss your future and help you make your retirement feel like the next starting line, not the finish line of your life. It's another starting line. And many retirees continue to work also as a volunteer, or they still work by setting up their own business. And I still remember my dad said, Hey, when you he would ask me when I was helping him with the retirement planning, and he asked the question, Can you still continue to do what you're doing in retirement? Need was a mechanic and hold up his finger and it was crooked from arthritis. And he said, Good, don't ever stop doing it. And this was coming from the mechanic that was changing oil at age 85. So there you are. We'll be back in a few and continue on for the last segment.

Producer:
Rest Assured Retirement is available wherever you listen to podcasts and online at RestAssuredRetirement.com. Are you interested in protecting your assets from market volatility, rising taxes and economic uncertainty? Then tune in to Rest Assured Retirement with Jeff Holmes to learn how you can protect and grow your hard earned money. Rest Assured Retirement Sundays at 1 p.m. right here on 960 The Patriot. Protect your hard earned money today and schedule a free no obligation consultation now at RestAssuredRetirement.com. You're listening to Rest Assured Retirement. Here's Jeff.

Jeff Holmes:
Welcome back to the Rest Assured Retirement show. This is Jeff Holmes, a certified retirement counselor and certified financial fiduciary. We're talking about has your 401. K disappointed you this year? And the next segment of our show today is what we call the Costcutter. Saving your money and headaches this holiday season. Now. We'll get into, first off, how to create a holiday budget. And that's you know, you go you're probably out there shopping right now. Hopefully you do have a budget because it's very tempting with all the deals and the shiny new products we just went through, you know, Thanksgiving and all the sales that go on during that week and they get you where you're sucked into overspending pretty easily. And they're very talented at doing that. All the retailers, that's for sure. And so set some spending limits in advance to help avoid this temptation. And then don't don't do what my mom used to do. She would go and after Christmas and get all the good deals and, you know, and she'd do that in January. And then it would be next Christmas. And that gift gift actually didn't show up, but it show up the next July. I remember one in particular, and she comes in like in July, said this was going to be your Christmas gift. She'd had it for probably 18 months and she found it again.

Producer:
So that kind of sounds like my mom, too.

Jeff Holmes:
And yeah, she was definitely had a budget there. So it was there and I did get it. And it was a good timing because it was something to use during the summertime. So that worked out. Shop early to save on shipping. I didn't know this, but December 14th is free shipping day for more than 1000 big name and online retailers who promise that the items shipped will reach you by December 24th. Never knew that. So I'm not sure if I trust that, though. Anyway, so. So you could stay home for the holidays. Now, I'm probably going get some negative responses on this one because a lot of folks are going to go visit their grandkids. Yes, you should definitely do that. But that is one option right there. If you must travel, choose destinations with off season deals. Well, we would travel back to New Mexico and that was definitely an offseason deal back when we were going back, spending it with our parents. So that's for sure. So if you have a similar situation, you may be experiencing that. Give the gift of your time.

Jeff Holmes:
Yeah. And that is something where people will volunteer and spend a day with a special loved one for the holiday season. That's a great way to do that. And also, you can make it a potluck. You know, have everybody bring their own dishes and get together. That always a lot of fun. A lot of people do that before Christmas. And then there's also people that are very crafted. They do it theirself. I have clients that are great at Woodcarving and people get gifts of that. They there's a walking stick I had one client give to me, which was very special. And I don't know, you know, this, Matt, but here in the Phoenix area, we have a saguaros. And occasionally a storm will come through and blow them over. And they just sat there and they go away. But they leave these. The pieces of wood that look like a walking stick. And I had one client give me one of those, and he had it all fixed up, worked real well, so. Well, that's great. Yeah, I love that.

Producer:
Come on down as we test your financial knowledge in right or wrong.

Jeff Holmes:
Now, you'd be so kind to ask the questions, and I'll do my best to get the right answer.

Producer:
I'll do my best to ask the right questions. So here we go. All right. So right or wrong, you feel free to play it along at home or in the car, wherever you happen to be as well. See what you know. Test your financial knowledge as well. So question number one here, Jeff, in right or wrong is this quote, When it comes to your IRA 401K or other retirement plan, the best strategy is to set it up, forget about it, and just keep saving. Is that right or wrong?

Jeff Holmes:
Well, that's kind of like not opening your envelopes of your investment statements. That's definitely wrong. You should never do that. One of the things that when you set up a true retirement plan. When's the time it needs to be reviewed? When you feel a need to do that. And that should be at least once per year, because there's always adjustments that may be may need to be made. It's like your Medicare. They just we ended the annual enrollment period and it's always good just to every year to get on that and find out if there may be a way to save money. You just never know what you might be missing. So always good to keep an eye on everything in retirement. Yes, it'll get to where it's kind of semi-automatic, but you still need to continue to look at things and make sure they're doing what they're supposed to be doing.

Producer:
Yeah. So it's not just a situation where like in the old infomercials, they would set it and forget it. You know, with the whatever the cooker the item was, you can't do that with your retirement plan.

Jeff Holmes:
That's exactly right.

Producer:
That's very good. All right. So that's number one. Number two, is this the types of fixed income products or bonds that you hold in your portfolio just don't matter as long as you have a portion dedicated to fixed income? Is that right or is that wrong?

Jeff Holmes:
I'd say that's really wrong. Very wrong. There again. It doesn't matter. Well, absolutely, it does matter. A lot of reasons for that. First off, what type of bonds they are. What kind of fees you may be paying. How long are those bonds? And the list is going to go on. I could go on from there and we could probably spend half of a show just on this. So I won't do that because I know we're getting close to the end. I still would like to finish up with some of the other topics we have here, so that will be it for that question. What's next there?

Producer:
All right. Well, that's number two. So number three, the last the very final one in this week's right or wrong segment is you can delete fees on the bonds you currently hold by replacing them with an investment that offers market like gains without market risk, right or wrong.

Jeff Holmes:
And that one is definitely right. And that's a. Just really strange on how a lot of people just aren't familiar with this part of retirement planning. This is definitely something you need to look into. Now, we found that too many people don't know the percentage of their portfolio that's in bonds even, and they don't know what bonds they currently hold even. So that's really important to do that. And why would we do that? Well, what happened to the bonds this year? Did they go up or down?

Producer:
Hmm. Hmm. Hmm. Anyone with any bonds in their portfolio knows that they have not done well.

Jeff Holmes:
I got a call just yesterday about this very thing, is very unhappy with that part of their portfolio, along with the rest of it. Did you know that in 2022 was the worst year in history for Bonds, according to The New York Times? Now. That may be 100% true. It may be partially true, but let's just say it was one of the worst ever. On that, bonds can take up to 40% or more of your portfolio. Mean people don't know that that they're in a 6040 split and that is something you have to ask the question why are we here? And is that exactly fit in with your long term plans? So please get in touch with us. We'll be glad to talk about a bond replacement or we use what they call a fixed indexed annuity where you don't have to have any fees. You can protect your money and guarantee an additional income stream that you can never outlive. A lot of times people will hear annuity and they get lumped into all the other different types of annuity annuities out there. I think there's like five different types, some that you can even lose money on and people will have those in their portfolio and they're wondering why those are going up and down.

Jeff Holmes:
Well, this is a little different type of annuity. It's good to get educated. It's one of those options that you don't want to regret not knowing about because it may and it may not. You know, you never know until you at least learn about it because you don't know what you don't know as they as they say. I've heard that over and over again. So that's a little bit on what why you'd want to look at that now. Do you need a consultation to go through and set up a proper retirement plan? That now becomes the question you need to ask yourself. So if you have not done that and you need to know also you may have a financial plan that says it's it's like a retirement plan where it's just a you know, basically they have retirement strategies in there, but it's not a full fledged retirement plan. Again, go back to the last show that we covered and that will give you an idea of exactly what you should have as far as a retirement plan. So as we continue on here now, we have one section here that I've covered everything. I'm so happy. This is great. So basically, yes.

Producer:
Hey, hey, we made it. Yeah. I think we've ever done that before.

Jeff Holmes:
Yeah, exactly. Yeah. It's like usually I'm cutting things off, so there's a lot to know in retirement. It is a complicated subject, and that is where you need to understand that there is a lot more to it than on the surface. You just don't go and you retire with the same portfolio that you had when you were younger. That never works well as never worked out well for four people because what they do is are invested many times as if they were in their forties and fifties and yet they're in their seventies and they do not have a true retirement plan. That's why they are not happy people at that point.

Producer:
It's this week in history.

Jeff Holmes:
There are some pretty special shows that happened in TV back on this last few weeks and beginning of our. You know, Christmastime back when we were younger. And I've one that was missed last week, and this is really a big one. I don't know if any of you know this, but on this date of December 6th and this was last week, obviously in 1964, Rudolph the Red-Nosed Reindeer, a Christmas stop motion animated television special debut produced by Video Craft International, was aired on TV. Does anybody remember saying Rudolph the Red-Nosed Reindeer?

Producer:
I love that cartoon. Or I guess. Yeah, it's animation. I'll call it a cartoon. It's so great. It's it's a classic now.

Jeff Holmes:
Yes, a very classic. And as my brother would always say, he says, Yeah, but the graphics aren't that good. I'm going, Really? It's 1964, so. Right.

Producer:
Exactly. Kind of cut him some slack. Yeah.

Jeff Holmes:
And you're probably wondering what stop motion is. And it is an animated filmmaking technique in which objects are physically manipulated in small increments between individually photographed frames. So they will appear to exhibit independent motion. Now, that sounds about as complicated as retirement planning.

Producer:
Right there. Just about. Just about. And almost as intricate, too, you know.

Jeff Holmes:
So pretty amazing how they did that back then. Took a lot of time. I would imagine so. Totally. Now, this week and this is December 9th, and that's my mom's birthday, by the way.

Producer:
So it's my dad's birthday, too, so.

Jeff Holmes:
Wow. There you go. Special day. Yeah. Yeah. So on this date in 1965, one of my favorites, Charlie Brown Christmas first aired on American television. It was the first TV special based on the comic strip Peanuts. And that's by Charles Schulz. We actually had a dog named Peanuts, named by our daughter, the one we had before that was named Snoopy. So there you are.

Producer:
I love it. I sense a pattern.

Jeff Holmes:
Yes, it's pattern. We just got another one that we rescued and well, that having a hard time with this one, because she's definitely not a Lucy. So that's not going to work.

Producer:
Peppermint Patty, maybe. Who knows? Yeah.

Jeff Holmes:
That's right. That's right. Now, on December 10th, also, music is on this date. In 1966, the Beach Boys went to number one on the US single charts with the song Good Vibrations. So there you are. That's this.

Producer:
Week, The Beach Boys. In December.

Jeff Holmes:
Yes, in December. Kind of amazing. So Good Vibrations. Hope you're having good vibrations in your retirement plan. If you're not, give us a call. 480 454 9191 or go to RestAssuredRetirement.com. And hope your shopping goes well today.

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.

Jeff Holmes:
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 information on 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 seek 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 NACFF and the AFEA.

Sonix is the world’s most advanced automated transcription, translation, and subtitling platform. Fast, accurate, and affordable.

Automatically convert your mp3 files to text (txt file), Microsoft Word (docx file), and SubRip Subtitle (srt file) in minutes.

Sonix has many features that you'd love including secure transcription and file storage, automated translation, advanced search, automated subtitles, and easily transcribe your Zoom meetings. Try Sonix for free today.