10.3.22: Audio automatically transcribed by Sonix

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

Producer:
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.

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:
Hello, everyone. Welcome to the Rest Assured Retirement show. Glad to have you back this week. And we will be going through what we talked about last week, this week on the Smart retirement plan. I'm Jeff Holmes. I'm the certified retirement counselor and certified financial fiduciary. And I'm joined here by Sam Davis, our executive producer. And Sam, I want to say hello real quick.

Producer:
Hey, everyone. Welcome to Rest Assured Retirement. Jeff, I'm happy to be here with you again this week. And I just want to let people know they can visit, RestAssuredRetirement.com to learn more and get in touch with you.

Jeff Holmes:
That's right. And also, we also have a phone number there. It's 480 454 9191. I hope your day is going well. Your Sundays is going well for you. And to start this off is we're going to go through what basically happens when you decide to have a free consultation with us. You're going to hear that as we go through the show today. Obviously, there's a reasons for that. When I was teaching classes at the universities and the colleges, we would go through and teach the all the different things about retirement planning. And what we would find is everyone have questions about their own personal situation. So you may have questions about something you hear today, and it just may be a question or two. That's fine, too. Some of you may want to have more information on how you can better have a better retirement plan or actually get one set up. So what does a successful retirement plan look like to you? What would you want it to look like and what are you doing? Or have you even set up a retirement plan at this point, if you're getting close to I was a rule of thumb.

Jeff Holmes:
If you're 5 to 10 years away, I think it's a very good time to start setting up a retirement plan and realizing that it is a process. If you're already retired, don't have a retirement plan. I would definitely strongly consider doing something like that, either with your current advisor or giving us a call. Very important to do. And another question comes up, obviously, is how do you fund your retirement? And along with this, how you create income for each month. Are you going to be working part time in retirement or are you going to just rely on your savings that you built up? And also during this consultation, an initial phone call, the thing that is good was we'll get to know each other a little bit better and see if we're a good fit for each other. So that's a little bit about that free consultation. We'll visit that a little bit more later on in the show. But what we're going to do now is go to our financial Wisdom quote of the week. And I was going to have Sam read this real quick.

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

Producer:
All right, Jeff, this week's Financial Wisdom quote of the week comes from a very famous and a very wise, successful investor. You may have heard of Warren Buffett. And Warren once said, if you don't find a way to make money while you sleep, you will work until you die. What do you think about that, Jeff?

Jeff Holmes:
Well, that's very, very true, because what happens is we spend our whole life working for savings for retirement, and you're working for your money at that point. And the idea is to get to retirement and have the money work for you. And it doesn't mean I don't think it does. It means that you shouldn't work in retirement, because I know Warren is definitely working in retirement. That's something he enjoys and is part time. And I mentioned my dad in the previous show where he was changing oil in a car at age 85. So he really enjoyed doing that. Obviously, he wasn't doing it full time, but he was happy. It made him happy in retirement, more enjoyable to retirement and getting into retirement. We're getting into this what we call the Smart Retirement Plan series, and that's probably going to go on for at least another four or five, six weeks. And the reason why it goes on that long is because it is a process, as I just mentioned before. But we've done a little bit of research on that. And what we found out is why people need a better financial education and their studies that have come out with. And one is it says it's 26% of people get their financial education from high school. Now, I don't remember that part of it. Of course, that means I was playing basketball and tennis and all these other things. I was more focused on that. And the girls, of course. So that's I don't really remember that. Hopefully they've changed that nowadays and more people are getting that 22% from parents and family.

Jeff Holmes:
That's an important place to be getting that. If parents can help their children from very young on on how to save money and do all the things they need to do, they're 21% from college classes. That's where I've got a few classes there. One I really liked when I was getting my engineering degree and then also my MBA, but those tend to be more general in nature. 18% from social media and websites. And here's a big one. It's only 7%. So they got that from their financial advisor. Now, I find that very interesting and a little bit disturbing at the time because actually that is the person you really need to be getting some educated education on your retirement planning. That is very, very important. At at our firm Assured Financial, that is what we do. That's our main focus is education on that. And then also there was a study done by Fidelity Investments in 2022 on the state of retirement planning, and it said one in four Americans are less confident about their retirement now than they were before the events of the last two years. Imagine that. Especially that this year, 71%, 71% of Americans are very concerned about the impact of inflation on retirement preparedness, and especially with what's happened just this year. And they should be. I was reading just this morning that the Social Security income cost of living allowance is going to be going up 9.6% this coming year, which is a very one of the largest we've had in a very long time.

Jeff Holmes:
31% don't know how to make sure that their retirement savings will keep up. And that's where it ends and it just stops there. And I think what they're trying to convey is making sure that the retirement that you your retirement income doesn't pass away before you do is really what that's stating there. So also, there's another statement here. Approximately half of Americans are at risk of not being able to maintain their pre-retirement standard of living after they stop working. And this is according to Angie Chin, research economist at the Center of Retirement Research at Boston College. So getting back to that consultation, how do we help people through these these times? It all starts with understanding what to do in retirement. What are your goals? Q Are you going to be with? Hopefully you have your spouse with you during this time, and that's the case. You need to make sure it helps provide stability for you and your family, and that goes on to your children and grandchildren. We and what we do here is we organize a financial plan to fund your goals and expenses through a combination of guaranteed income strategies, Social Security maximization, maximization. And there's more to it than that. And, you know, I said, wait, why don't we do is we help you? And we work together to design your own financial and retirement plan. That's very important that you're always involved in that. And remember, if you feel overwhelmed about planning for retirement, that's normal.

Jeff Holmes:
It's important to keep in mind that you don't have to do it all at once. And that's by no means something that you will do all at once. It's going to be a process and it's going to be an ongoing process. So the next thing we're going to talk about is how still having what we call a smart vision. What are you going to be doing in your retirement years? Have you already decided on what you plan on doing? Do you plan on volunteering? On working part time, doing something you enjoy? Some people actually retire from their job, start a business, something they enjoy again. Are you going to be with? Who are you going to be taking care of? And that's a crazy thing in our generation where you actually have people that are retired and they're taking care of their parents in retirement. What main goals do you have in retirement? Do you want to travel? Do you want to spend more time with family? And how do you plan to fund all of those? Do you want to retire? And I'll see you have that relaunch that I just talked about and maybe starting your own business. Now, it's important to remember that when you retire, your income will not be the same as it was before when you were working. You have to be ready for. You may have a reduced income then and be prepared for that before you retire. It's a good time to also sit down with your spouse and think about your goals for retirement.

Jeff Holmes:
This will help ease a fiscally smart plan that you can work together on and is very important to have both of you working together on this because you always get some very good advice from each spouse. You guys, especially your wife, has the intuition and you may want to listen to her during this time. So retirement is going to look different for everyone. And whether you want to travel, spend more time with your family or start a new business. You will need the cash flow to do that and to kind of finish up this segment before we get into what we call the smart inspection, which is going to be next, is there's been a new survey done by Gobankingrates, and they show that one third of Americans don't know don't think they know enough about retirement. 37% of Americans feel they need more education and information on retirement planning. 52% of Americans wish they had more education on how to invest also. So that's what this. That's why we led in with that free consultation. Again, we're going to finish up this segment. Moving on to what we're going to go into next. And I've got a really good ranch story for you coming up here. So remember, you want to sign up for that consultation, go to rest assured retirement dot com . Again, RestAssuredRetirement.com . And our phone number is 480 454 9191. Again, that phone number is 480 454 9191. And we'll see you here shortly.

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

Producer:
You're listening to Rest Assured Retirement. Here's Jeff.

Jeff Holmes:
Welcome back to the Rest Assured Retirement show. I'm Jeff Homes, a certified retirement counselor and a certified financial fiduciary. Welcome back. And I'm joined here by Sam Davidson, our executive producer. And our next section was going to be under smart inspection of your basically doing a financial checkup. But I also promised you a little bit of a ranch story and you're going, What in the world is a ranch story have to do with retirement planning? Well, it happens to have a lot to do with it. As you'll you'll see here. Now, when I go back, I was we had moved to a new home and it was closer to another school. And we had to leave the home we were in previously because there was six of us in an 800 square foot home with one bathroom that was not working out real well. So mom wanted a little bit bigger place and we moved to a new home. And then I remember a year, a little less than a year after we'd moved there, a family moved up one block away and it was a boy and a girl. Both seemed to be about close to my age, and the boy ended up being a good friend. We played tennis and football and all these wonderful things growing up, and his sister was a little bit of a pain. She's always wanted to butt in, obviously.

Jeff Holmes:
And who happened to end up being my high school sweetheart? And now I'm married to her. So that is a little bit on that story. But they actually moved to town for their education. They were raised on a ranch. So I was fortunate enough because we were friends that I went out to the ranch and worked one week out of the summer and there was two cars. They had two vehicles and these two vehicles, one was to get back and forth to the ranch and one was to work at the ranch. It was in an area where there were some mountains and they had a four door sedan. And back then four door sedans had way more room than most of the SUVs do. Today, there are big cars and we would going down the interstate and it was smooth sailing, you know, and that and that car. But when you got to the ranch, you found out very quickly that the car wasn't going to work real well, going around the ranch and taking care of what needed to be taken care of. They used a four wheel drive truck that was raised off the ground. It was very a little bit of rough riding. I don't think he even had an air conditioner. But it was out there going through all the gullies and all the mountainous terrain that it had to go through to take care of the cattle.

Jeff Holmes:
Now, the reason I mention the two vehicles here is because you're going to notice on this show as we go through things, we're going to mention all products that are available to do retirement planning with. And you're going to need products that are for the smooth times and you're going to need products, financial products for the rough times. And if you only have one or the other, it's not going to work well. Well, you have driving a sedan around a ranch is not going to work real well or driving that four wheel drive raised up truck on the interstate is not going to work real well either. Be a little bit slow. Will they be able to do some of that? Yes, but not real well. So what we find is good to have both to cover both situations. And that's why I mention that, because it's really important to know about all financial products, to really understand them and get to know them. So you make wise decisions on your retirement plan. Now, when we do a smart inspection, it's a financial checkup. We basically review your accounts, your IRAs, your for one case, and any assets you may hold, including cash. You look at the balances, we review the rates of return for 12 months, 12 years, five years, whatever the case is, depending on what you want is the type of plan that you're wanting.

Jeff Holmes:
There also a question that needs to be answered and we have software to do this is do you have an income gap or do you have an income surplus during retirement? That's really important to know right up front. And then you find out how long your your funds are going to last and we'll run it out to age 100. And a lot of people say we don't live to age 100. But when you like to make sure that you have funds available to age 100, so I'm sure you may already know there's people that have lived to 100, and that's happening more often. And we will review any pensions or annuities that you may have. Also, do you understand all the fees that you're paying? And thus that's another real important. Subject right there is to know how that's affecting your long term gains. Also, we do a big one here. This is tax planning. When do you usually find out? When your taxes. You're paying more taxes than you expected? That's usually in April, isn't it? After you've done your taxes. Wouldn't you like to know ahead of time any tax situations you may be running into in the next three, four or five years? And that's what we call tax planning. That's looking ahead at what's going on there.

Jeff Holmes:
And if you do have a tax problem, how are you going to solve that? Maybe you're going to be using Roth IRAs to reduce future risk. And then there's also something called cash value life insurance. There are different types of plans out there where you can take money out tax free, have tax free withdrawals, and also have that money work in different ways. There's different obviously, everybody thinks life insurance is the death benefit to your heirs. But there are some out there that can provide tax free benefit and also help out in potential long term care situations. There's going to be right for you. You don't know until you have those evaluate and see if they do fit into your plan or you may already have something like that. Also, understanding your how your real estate assets are going to fit into your retirement plan. Do you own rental property? Obviously you probably own a home. That's a good thing to have and may own land, those types of things. And then a real and other real important point is, is doing what we call the Social Security maximization report that would include a break even analysis. And on that is what you'll find out very quickly, is when's the best time for you to take your retirement income? How is it going to fit in to your existing income plan? Should you start early taking your Social Security income and let your assets grow more? Or should it be a combination? Or maybe you just want to wait till later to take it and wait to age 70, and that is you're going to hear everything across the board on when to take Social Security.

Jeff Holmes:
One of those is that I find is it's really a ultimately a very personal situation on that when you hear to wait till you're age 70 to make sure you get the maximum amount or taking it early. Both of those answers may be wrong for you. There may be a in between answer. So it's very important to know that ahead of time, no one near break even is on. Your Social Security is also very enlightening experience. I see the the the light go on with everyone when they do. I see that break even analysis there. So that's going to be pretty much it for this segment. We're going to come back. We're going to get into some smart, smart planning and what I call a problem solver. Very important stuff here coming up. And remember, if you want to look into getting that free consultation, you can go to rest assured retirement dot com. Again, that's rest assured retirement dot com. And the phone number is 480 454 9191. Again, the number is 480 454 9191. And we'll see you back here in a few.

Producer:
Are you concerned about inflation, political uncertainty, rising taxes, and how it could all 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 over a 35 plus year retirement. Find out how much you could save today by scheduling your free Roth conversion consultation with Jeff Holmes at Rest Assured Retirement dot com.

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

Jeff Holmes:
Welcome back, everyone. This is Jeff Holmes, a certified retirement counselor and certified financial fiduciary. Joined here with Sam Davis, our executive producer. Glad to have you back. And as I mentioned earlier, we just got through doing our smart inspection segment there. We're going to get into the start smart planning segment of the Smart retirement series. And this is. It'll be a shorter segment. So what I'll do is I'll break some of this up into the next segments after after this. But as far as smart planning goes. The first question you have to ask yourself is you're going to get some help or are you going to go it alone? Are you going to be managing all these investments yourself? Or do you have someone there that's going to help coach you on with this? That's a big decision you need to make there. And the key one of the keys you have to remember about doing that is if you are going to be doing it alone. Do you have a plan for your spouse who may not be in that process? And I, I have known of couples where they do it together and they both know what's going on. But unfortunately, that doesn't happen very often. Actually, of my 30 years of doing this, I can think of one couple that actually did it together, and most of the time, one or the other, it could be the wife, it could be the husband. I've seen both in this and one's a little bit got an idea, but kind of that's just not their interest. So it's real important to have a plan for that.

Jeff Holmes:
And if you want to go, go it alone, maybe get some a little bit of part time help. And I do this with a lot of folks where they're doing a lot of it themselves, but I'm kind of there as a sounding board. They ask questions. I can give them ideas on how to plan. And that kind of gets into some of the things that we do for our clients and what are and these during these consultations, if you decide to go through that process, we provide these comprehensive consultations. They are at no cost, no obligation. You only work with us if you feel it's best and it's in your best interest. And I think it's a great time to find out. Like I said before, if we're really even a good fit for each other. The main thing is to make it, make sure you get your questions answered and find out how important it may be for you to do it one way or the other. And we also help you analyze your specific and unique financial situation. And everybody's situation is different. I've always seen some similarities, but there's always something in there that's different, and that's really important to know what all of your options are for your specific situation. And there's not one person that I found been the same over many years of doing this, as I just mentioned. We also closely examine the annuities that you currently have, see if they're working in your best interest and they are what you need at that point in time into retirement because there are annuities that are really good for income, good for growth, and some of these annuities may have fees and may not be doing what you want.

Jeff Holmes:
We'll help you discover exactly how many fees you're paying and all your other accounts. Like I'd mentioned earlier, if you're paying unnecessary fees in your IRA or 41k accounts. Really important to know and any other retirement accounts for that matter. And we can help you cut unnecessary costs in those areas. And as I mentioned in the last segment, we help you out with your Social Security planning and that is very important to go through that. Now, it looks like we're coming up here pretty close to the end of this segment here. And I'm going to do is finish up is what we do is this is very important. We compare your current situation to see what it's possible. And if you can see that current situation, you'll know if it's important to work with us because we'll show you a another option that's available to you. So you can see that on two different pages side by side, see how you're planning out for your current situation and see how it looks for your potential plan. Or maybe we can make adjustments there. So again, we're ending this a shorter segment here. So end this up here again, if you want to set up that free consultation RestAssuredRetirement.com , that's rest assured retirement dot com, phone number is 480 454 9191. And we'll look forward to seeing you back here in just a few minutes.

Producer:
This part of today's show, Rest Assured Retirement is available wherever you listen to podcasts and online at RestAssuredRetirement.com . Helping bring you one step closer to financial freedom. You're listening to Rest Assured Retirement.

Jeff Holmes:
Welcome back, everyone. This is Jeff Holmes. I'm a certified retirement counselor and a certified financial fiduciary. Welcome back. We are going through our Smart Retirement Plan series today, The beginning of that. And what we started off with is. And if you didn't get to hear that, you can go visit rest assured retirement dot com. And these are being recorded these shows again that's rest assured retirement dot com to go back and listen to what you may have missed and we get into all the different research that's been done about retirement planning and then we also talked about the smart inspection and then also have that ranch story involved in that to kind of compare what you need on the ranch and what you need to get back and forth to the ranch from town. Obviously, you want something for both situations. Reason that was used again was to relate that to retirement planning that you do need to have different products. You'll notice that we definitely talk about everything out there because we find that you need to eliminate what I call a bias from your planning. Everyone has a bias and if you get online and just start listening to politics or reading about politics, I should say there's just a little bit of bias there. And there is in this industry. Also, there's a bias on which products are the best, which aren't. I see it from both sides.

Jeff Holmes:
What we find is that the reason there are so many different products because and they've been around for such a long time is because they actually do work for certain situations and because everyone's situation is different. The key here is to make sure you have a an open mind when you're looking at your retirement planning. Take a look at things that you maybe don't think will work or you have a bias towards. Be aware of that. And I've constantly working on that myself because everyone has, including me. We all have our bias and it's really important to make sure that that doesn't affect your retirement planning, make sure you fully understand all of the different products that are out there, and you need to know the pluses and minuses. You need to make sure it's clear because there's if you look at, for instance, there's an exchange traded funds out there. Some of those go one way and some of them go another way and completely different paths that may or may not work well for your given situation and retirement. So to say they're all bad or they're all good, I don't think that is a correct or accurate way as the engineer talk comes out of doing that. So that's one of the most important things we look at. And when we do these consultations that we started off the program earlier, very, very important to be aware of that.

Jeff Holmes:
We were just finishing up on the smart planning part of that part of the retirement series. And what does smart retirement excuse me, smart retirement planning mean? What does that mean to you? Obviously, whether you're going to manage the accounts yourself or you get some help from someone like myself, how are you going to just do it on your own? And do you have a plan for your spouse? You need to know if, heaven forbid, something happens to each one of you, how's the other one going to take the reins and continue on? So you have to make plans for that. It's not the most fun thing to do, but unfortunately, I found out that on Monday that had a client husband pass away. So those things happen. Did they have things in place for that? Well, yeah, sure they did. But still, it doesn't make that situation any easier, but very important to do that type of planning. Also, in that planning, there are some things that you're going to be hearing about in the near future is on health care, health insurance, your Medicare. It's a it's a whole new world. When you get into the Medicare, when you turn 65 and go on to Medicare. And there's a whole lot involved in that. It used to be a very, I should say, a much more simple way of planning.

Jeff Holmes:
I now have a partner. I have as be my wife. She took the reins on that. And she actually has a medicare business and helps our clients. I'm going to see if we can get her on here in the next few weeks and she's going to go through and go through all the ins and outs of Medicare. It's very complicated. And she's was I well, many of her clients have come up to me and say she's like a professor at teaching that. So that's important. Do you have any also have you plan for potential long term care situations? There's been studies that say that 50 to 70% of the people are going to experience that have a chance of experiencing that in their retirement. Do you have situation set up to where that's going to be taken care of in your retirement? Any potential home renovations? Are you going to be downsizing or have you already downsized? Those are questions you need to ask Income tax. I just got into the planning on that. Where do you want to be surprised that you got over the big tax bill because you didn't do planning on which accounts to take money out of in different years. Also, do you want to be moving money to a Roth IRA? Do you want to have an analysis done on that? It could be very important.

Jeff Holmes:
And then maybe you have a Roth four. Okay. Do you know that the RA for one K and the Roth IRA have different rules? It's important to know those things. Did you also know that 50 to 80% of your Social Security benefits could be taxed if your income is above certain thresholds? And unfortunately, these Social Security thresholds were set back in the mid eighties and they've never been updated for inflation. So what we're finding is most people find that up to 85% of their Social Security and that's a I will say 80% generally because there's actually a full page form that you'll fill out when you're on Social Security for how it's going to be taxable. And that is where you find out how much is going to get added back in and being taxed by the by the government. Surprise, surprise, surprise that, yes, you are most likely going to be paying taxes because with inflation and the taxes and also the tax is going to be going up in the future. Have you asked that question? Have you implemented a plan that's set up to handle higher taxes? Very important to do that. So again, go back to the complimentary as far as consultation. And again, a lot of you may want to call in or go to our website to set this up just to answer questions. That's fine. Maybe you don't want anything else, but just a few questions for your given situation.

Jeff Holmes:
That's not a problem. There is no obligation if you've taken the time to listen to this, just like I would tell people that had gone to my classes, if you've taken the time to do this, we obviously, obviously, I should say, offer a free consultation. And what we do is we do this at no cost and it gives us a chance to see if we're a good fit for each other. Also, we analyze your complete financial situation. For some of you that may not have been on the program earlier and everyone's situation is obviously specific, we discover how much you're paying in your fees and your IRAs for one case and other retirement accounts. We do that Social Security planning and Medicare planning. Very, very important to do that. We will compare your current situation with potential changes you can make to improve your situation. Like I mentioned before, we have software that incorporates all of these changes together and thank goodness to technology. If it wasn't for that, we would wouldn't be able to do these great reports that help you make better decision on this now. Now what I want to do is I that's a little bit on that series. We're we're going to kind of finish up this segment with a few different things. One is a problem solver.

Producer:
It's time for this week's problem solver.

Producer:
So this week's problem solver is an example. A man who just turned 70 still works, but his wife does not work and is ready for him to retire. The wife wants to travel. The husband is concerned they don't have enough saved to retire the way they want. The man has $900,000 saved in a 401 K and the couple would receive 40 $800 a month in combined Social Security. So, Jeff, it sounds like they've got pretty good savings and that they're going to have some nice Social Security income. But the man in this situation is concerned that they don't have enough to retire comfortably.

Jeff Holmes:
And you have to ask yourself, why wouldn't he feel comfortable with that much money coming in? And it's because it wasn't enough to pay the expenses and inflation, all those expenses in the future. And what we found and this has been a situation that has happened in the past and even now is we found that replacing their bonds and investing into something called an indexed annuity, they were able to generate an additional $2,000 per month income for life. And they also found ways to cut their monthly expenses, like I mentioned before, to fill that retirement income gap. They will save money by deleting some of those portfolio and advisory fees that we had mentioned. We take a look at on those. And the key to this, they still got a decent return because that annuity is indexed and it's tied to an index. So you get better than get decent returns on what we call reasonable returns and also had cost of living adjustments in there to help outpace inflation. Come on down.

Producer:
As we test your financial knowledge in right or wrong.

Producer:
All right, Jeff, just a few minutes left in this week's show, so we're going to finish up right or wrong. And the first one is the S&P is down more than 20% year to date, but investors in fixed indexed annuities are not down at all. Is that right or wrong?

Jeff Holmes:
That's definitely right. And the indexed annuities are set up to where they you cannot lose money from your principles 100% protected. So that is definitely a right answer there.

Producer:
All right. Next statement on the right or wrong, the traditional 6040 portfolio with 60% stocks and 40% bonds is a tried and true investing strategy that is still very successful today. Is that right or wrong, Jeff?

Jeff Holmes:
Unfortunately, what we found that's wrong is developed. Back in 1952. That strategy was and worked for quite some time. But today things have changed in 2008. And the situation we're in now has also proved that. Are you going to continue in a 70 year old strategy for your hard earned money or are you going to look at a better option that's maybe a safer and better place to go? So that's definitely a wrong answer there.

Producer:
All right. Third and final statement on this week's right or wrong, you can structure your retirement accounts to deliver tax free income during retirement. Is that right or wrong?

Jeff Holmes:
And that's definitely right. And we talked about Roth IRAs and there's actually something out there we talked about also is indexed universal life. And that's something where you can take tax free distributions from that. And that's a little bit on that.

Producer:
It's this week in history.

Jeff Holmes:
I was became aware that last week on October 2nd, I left something out and on the date in October 2nd, the science fiction thriller The Twilight Zone made its debut. So I wanted to make sure I got that out there, especially for all year. All the fans of that series, it ran for five seasons from 1959 to 1964 and ranked number five on TV Guide 60 greatest shows of all time list. So there was that. And then on October 9th, what's happening today? And gentleman who is an English singer songwriter and chief worldwide fame and happened to be the founder and co singer and singer songwriter and co-lead vocalist of a small group called The Beatles. That was John Winston. Lennon was born this day. Unfortunately, he had an early death, tragic death, a very sad day. And also on this day, there are some real important thing I have to bring up for my daughter. First off, we saw this back when we were first married in something called the Phantom of the Opera. I'm not really much of an opera guy. I know about you, Sam. You're an opera guy or not?

Producer:
It's not what I would choose for entertainment, Jeff. But I have actually been to the Broadway production of Phantom of the Opera, and I enjoyed it.

Jeff Holmes:
Yeah, it's very good. And we went to that, the three of us, my wife and daughter, and it was great. His first production opened on this day in 1986 in London, and it's been going on for some time. Just found out that next year they are going to close the curtains for the final time in 2023, but huge stats on that. So that's all we got for the day, folks. I am being told I'm out of time and so you want to get it set up. That free consultation we talked about earlier, go to rest assured retirement dot com. RestAssuredRetirement.com . Our phone number is 480 454 9191. Again that number is 480 454 9191. And you have a great rest of your weekend and we'll see you next week.

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 480 305 5661. That's 480 305 5661. 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 and 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 .

Producer:
Fixed annuities, including multi year guaranteed rate annuities, are not designed for short term investments and may be subject to restrictions, fees and surrender charges as described in the annuity Contract. Guarantees are backed by the financial strength and claims paying ability of the issuer.

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