Here’s the Million-Dollar Question: How Do You Check Those Items Off Without Burning Through the Retirement Savings?
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Announcer 00:00
Investment advisory services are offered through Foundation Investment Advisors, LLC, an SEC registered investment advisor. Brian Quaranta and his guests provide general information, not individually targeted, personalized advice, and are not liable for the usage of information discussed. Exposure to ideas and financial vehicles should not be considered investment advice or recommendation to buy or sell any of these financial vehicles. This information should also not be considered tax or legal advice, past performance is not a guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. Any comments regarding safe and secure investments and guaranteed income streams refer only to fixed insurance products. They do not refer in any way to securities or investment advisory products. Fixed insurance and annuity product guarantees are subject to the claims paying ability of the issuing company. you welcome
Steve 00:44
Welcome in everyone, On the Money with Secure Money and Brian Quaranta will be along and today, you know, you think your retirement spending will follow a straight line, right? That budget? Well, think again. JP Morgan studied 5 million retirees and uncovered three surprising patterns that could change how you plan. So, get ahead of the curve with smart, flexible strategies tailored to real life. That’s what Brian’s all about. Hey, Brian, what’s going on?
Brian Quaranta 01:08
Steve, how are you today? Good to see you again. Yes. And lots going on, as always. And boy, do we have a lot to cover in this show when we come right back with On the Money with Secure Money.
Announcer 01:32
And now On the Money.
Brian Quaranta 01:35
Any good retirement plan starts with the foundation.
Announcer 01:38
Asset protection, tax reduction, holistic planning.
Brian Quaranta 01:42
These are the things that start to move you towards having a retirement plan.
Announcer 01:46
Retirement doesn’t have to be complicated.
Brian Quaranta 01:49
You think that’s the difficult part? That’s just getting started!
Announcer 01:53
And now On the Money with Secure Money.
Steve 01:59
We are back On the Money with Secure Money. Brian Quaranta is here. My name’s Steve Sedall. Boy, Brian it’s good to connect again with you. We’ve got so much to talk about. There’s so much going on. I know you’re a very busy guy, but how are you feeling about things? I mean, it’s pretty exciting time for you.
Brian Quaranta 02:14
Yeah. I mean, look, I mean, the markets have been all over the place. I mean, heck, April, we were in bear market territory, and then May, we’re hitting all-time highs since 2009 and it just reminds me of how important it is to make sure that you have a plan to follow, because if you don’t have a plan, you will be run by your emotions and some of the biggest mistakes that people make are with their emotions. And, you know, I was reading a book. I’m not sure if you’re familiar with the book that was written by Morgan Housel, the psychology of money. Have you read that book yet?
Steve 02:58
Okay, sure, Yep, yeah, yeah, yeah.
Brian Quaranta 03:00
You know, and he was talking about, he was talking about two individuals in that book. He was talking about John Fascone and a guy by the name of Barry Reid, okay, and I’ll tell you, what’s very interesting about this story is that Barry Reid, he was a janitor, and at 92 he died with $8 million nobody knew that he had accumulated that much money. And his philosophy was simple, buy really good companies. Never panic, never sell them. Keep buying them. John Fascone was a Harvard graduate and made millions of dollars on Wall Street. Was building a huge home in Connecticut, 14 bathrooms, just to give you an idea of how big this home was, and he leveraged his portfolio, and when the 2008 financial crisis happened, he filed for bankruptcy. So, two very different people. And the moral of the story is, you don’t need to be a Harvard graduate to make a lot of money, but what you need to do is you need to be able to have control over your behavior. And one of the things that we do really well for our clients at Secure Money Advisors is helping them put together a simple plan that allows them to have the resilience to deal with the ups and downs of the market, and solely that’s for the fact that Steve, when we protect a portion of the client’s money to make sure that their income is going to be okay in retirement, so that the day that they stop working and that paycheck no longer comes in, the first thing we’re going to do is we’re going to come up with a strategy to protect that paycheck, to make sure that we replace that paycheck so that life continues on like nothing’s ever stopped. So, when you leave work. Uh, you know, even though your company paycheck is going to stop, you’re going to start getting a paycheck of your own, and then the other money that you can afford. The risk we’re going to put in the market at risk. But that truly becomes long term money. We’re not going to think about it. We’re going to have good behavior over it. We’re going to be strong during ups and downs of the market. And we’re going to wind up like Barry, not John Fascone,
Steve 05:23
Sure. Well, ideally, that’s what it should be. And I’ll tell you, Brian, one of the things that you just kind of set up there is sort of the basis of what your whole book is about. And that’s about a solid plan to help get to retirement, and it’s called right track your retirement. You can get yours as well. Visit RightTrackYourRetirement.com. Brian, you’ll still send out a book, won’t you?
Brian Quaranta 05:43
Oh, absolutely. I mean, you know, the where I would tell everybody to start is going to RightTrackYourRetirement.com. The reason I wrote the book was because I think it’s important for people to first connect with the philosophy of the advisory firm that they’re going to be working with. Look, we know we’re not the right fit for everybody. Okay, there’s a lot of people out there that are big risk takers. They like big risk, they like unique investments. They like to be in the alternative spaces. They like to have leverage on options investing. That’s not us. We’re for the everyday person. You know, we’re for, we’re for the person that is going to work right now, that just wants to get out of work. They don’t want to be doing anything fancy when they leave work. They’re going to live a simple life. They’re going to be spending time with their grandkids, maybe golfing, a little bit fishing, maybe headed up to the camp up north. It’s really, really about making things simple in retirement and keeping your peace of mind. And when I wrote right track your retirement, it was all about putting together a roadmap to teach you how to build income and, most importantly, give you peace of mind throughout retirement.
Steve 06:57
And that really is so, so good. I mean, to take the worry out of planning for retirement is really a big deal and, that’s really what you help us do. Take the worry out of it.,
Brian Quaranta 07:07
Oh, absolutely. I mean, the worry is something that none of us should be dealing with at all, and that worry comes from the fact that people are risking money that they can’t afford to lose, right? I mean, look, I’ve always, I’ve always looked at it this way. 25 years of doing this now Steve and I’ve always felt that when I first got into the financial industry and I was being taught what to say and what to do, I looked around the room at the financial advisory practice that I was at, and it was a big firm in Pittsburgh, and I’m looking around and I’m thinking to myself, gosh, you know, there’s not a person under the age of 25 in here. And I’m listening to these individuals on the phone telling, you know, mom and pop that are 65, 70 years old, how to invest their money, what to be buying, what they think is going to what they think the market’s going to be doing, right? And I thought to myself for a minute, gosh, look at these individuals giving this advice on a marketplace that nobody really knows what’s going to happen, but yet the people on the other line are sitting there trusting them, because these guys are stockbrokers from a very reputable firm. And it dawned on me, it’s really easy to tell somebody else to risk their money, especially if you get paid a fee or commission to do it. I want you to go to RightTrackPittsburgh.com I want you to get a copy of my book right track your retirement. It truly is a simple guide to help you build income, provide peace of mind, but more importantly, it’s a roadmap. Look, in my opinion, you could read this book, and you could go do it yourself. You don’t even need us. You can go do it yourself, so, but if you want someone to help, you know, to give you the step by step guidance year, after year, after year. Then take the time to schedule an appointment to come in, get a second opinion. And if there are things that are broken and they need to be fixed, we can talk about what that looks like, and we can take the next step towards doing that.
Steve 09:15
Sounds great. Brian, folks make that call today, 800-656-8616, that’s 800-656-8616, 800-656-8616. We are going to take a quick break, and let’s come back and continue the conversation.
Brian Quaranta 09:26
Retirement isn’t just about slowing down, it’s about living it up. And if you’re like most people, you’ve got a bucket list of dreams you’ve been saying for your whole life that you’re going to be doing, maybe it’s traveling to Italy, learning the sale, or finally writing that novel. But here’s the million-dollar question: how do you check those items off without burning through the retirement savings? Answers to all these questions when we come right back with On the Money, with Secure Money.
Announcer 10:01
And now On the Money with Secure Money.
Steve 10:08
We’re back On the Money with Secure Money. Brian Quaranta here. Brian’s been helping folks for better than 20 years getting to through retirement. Wrote the book called Right Track Your Retirement. It’s a simple planning strategy to help you reduce risk, build income and provide peace of mind, but just remember, Right Track Your Retirement. RightTrackYourRetirement.com. Go there. Get the book. It comes in a beautiful gold envelope that Brian personally stuffs. Well, maybe not, but you probably have done a few.
Brian Quaranta 10:35
I did pick out the- I did do a few, yeah, and I did pick out the envelope.
Steve 10:39
I’ll bet you did. Yeah. Well, this is going to be fun, because, you know, we talk about the GoGo years, and the study from Edward Jones says 69% of retirees say their top goal in retirement is travel. That’s got to be what you hear every day, Brian.
Brian Quaranta 10:55
Yeah, a lot of people do want to travel, you know, but then you have those that want to stay home too. But, you know, 69% of retirees say their top goal in retirement is to travel. And yet, more than half of retirees worry about running out of money, and so they don’t travel.
Steve 11:12
Well, yeah, I mean that’s what you said, Yeah. Again, that’s, that’s the problem with the early years, right? We got to be careful not to go too crazy.
Brian Quaranta 11:20
Right, And the reason for this, Steve, is that most people do not have a plan. So, remember, right before we were coming to break, I was talking about Mount Everest, the accumulation, or the, you know, the ascent versus the descent. And the majority of hikers make it to the top of Mount Everest. There’s quite a few deaths on the way down, though, and I like to look at retirement planning no differently. When you’re accumulating money, you can use a hammer. You know you’re pounding in a nail. You can be pretty aggressive if you miss that nail or bend that nail, no big deal. You got time to fix it, right? But when you approach that retirement red zone, which is about 10 years to five years in, to retirement, you’ve got to switch tools. You’ve got to go from the accumulation phase of where you’re using the hammer to the distribution phase. And I would say that you would need more of a screwdriver. And the reason is, is because you got to slowly turn that screw, slowly turn that screw right, methodically, slowly controlled. Why? Because if you don’t and you take too much money out in the beginning years of retirement, that’s where you wind up running out in those later years. But here’s the other big mistake, a lot of folks out there are working with financial firms. And this is, this is the fault of the financial industry itself, Steve. We’re the only industry, and to this day, it just, it bothers me more than anything. You know, if I go to my primary care physician and I let her know that my knee is bothering me, she’ll take a look at it for me. But if she can’t do anything, which most likely she can’t, she’s going to refer me to a knee specialist. The medical community does this over and over and over again. You know, the medical community stays in their lane. That’s not the financial industry. The financial industry that those individuals that focus on accumulation of your money, they’re the same ones that’ll tell you that they’re going to build your retirement account, but yet they know nothing about retirement distribution. You see, for 25 years, Secure Money Advisors has done nothing but focus on retirement distribution. You know, someone came to my office and said, Look, I’m a very aggressive investor. I like alternatives. I like to get into private placements. I like to do some options investing. I’ve got three people on speed dial that I can call, that I’m going to introduce that person to, because that’s not what we do. It’s not what I’m good at. I can’t be good at all things, right? What I’m really good at is helping people build a distribution plan, helping them take what they’ve accumulated and turn that into a stream of income that they cannot outlive. Secure Money Advisors is the Ultimate Income specialist, and that’s what we pride ourselves on. And so, in order to do all these things, these bucket list things, and all the fun that you want to have, you’ve got to have money to be able to do that, you know. And so many people are trying. Trying to use a accumulation strategy to live in their retirement. What I mean by that is they’re still trying to climb Mount Everest while they’re retired. And the problem with that is that usually means that their money is still at risk. And every month they’re taking money out to live off of. You know, the pay to bills to do all the fun things they want to do, and they’re going to be happy and giddy. As long as that market’s going up, they’re going to go look at all this money I’ve taken out and look at all this money I still have in my account. But let me tell you the day that comes that the market corrects, it’s like a deer in headlights, man. I mean, they look like they saw a ghost, you know, because it happens that quick. I mean, look at how fast the market dropped in May. You know, we got in the bear market territory very quickly, just in May alone. So, look, if you want to prioritize your top three bucket list goals, you first have to have a solid income plan, and you got to be working with a firm that, you know, specializes in that, because that’s what’s going to help you build a strategy to have fun and you know, and this is what’s going to allow you to travel, and these are the things that you absolutely must do, and I would tell you to get with a good firm that shares in the same money beliefs that you do. And when we come back, I want to talk more about this, because I think it’s very important that people understand that there is a real difference between the advisor that is helping you accumulate your money versus the advisor that specializes in income and the distribution of your money. And the distribution of your money goes beyond just the money that’s coming in on a monthly basis for a paycheck, it also has to do with the money that you’re going to leave as an inheritance, or what order of your accounts to take money from first. So, you’re doing it in the most tax efficient way. But before we go to break, go to RightTrackPittsburgh.com get a copy of my book. I promise you will not regret it. It’s an absolutely outstanding read. It’s a simple read, and it’s a roadmap. It will give you turn by turn directions. Heck, you could even do it yourself once you read it and it’ll open your eyes up to what real retirement planning is all about and why so many people are just missing the fundamentals of building a great, solid retirement plan.
Steve 17:38
Sounds great. Brian, you know, really, it’s advice like that that shows you just how important it is to meet with a financial coach like Brian, somebody who understands the ins and outs of the financial world. Take advantage of this opportunity. Make sure that you are on the right path. That path is based on your risk preferences, your budget and, of course, Your Goals. Call right away. 800-656-8616, that’s 800-656-8616. Quick break for us. We’re coming right we’re coming right back with more On the Money with Secure Money and Brian Quaranta.
Brian Quaranta 18:06
Coming up: Open AI is about to change the world by releasing a handheld AI device. But what if we did the same thing with a device for money management? Could a digital device plan your retirement? Stay with us to find out when we come right back with On the Money with Secure Money.
Announcer 18:31
And now On the Money with Secure Money.
Steve 18:38
We are back On the Money with Secure Money. Brian Quaranta here, always a good time talking with Brian. And boy, we’re going to get into an area now. We’re talking AI, and we’ve talked about that in the past, and just how, I mean, and everybody realizes just how exponentially this is happening. So, I guess it only was a matter of time before we can kind of relate AI to, you know, retirement planning.
Brian Quaranta 19:00
Sure, yeah. I mean, look, you know, AI does hallucinate. You know, by the way, when you hear that term, AI hallucinates, that’s just a really nice way of saying AI makes mistakes.
Steve 19:14
Yes, it does.
Brian Quaranta 19:19
So, you got to be very careful with AI, because, you know, a lot of people are, you know, putting a putting a lot of weight into it, thinking that, you know, it’s the Holy Grail, and you got to be very careful so. But you might have seen this news recently. You know, the guy who manages Chat GPT. His name is Sam Altman. This guy just teamed up with the original iPhone designer. They’re apparently going to produce a device that makes AI even easier to access on a day-to-day basis. Remember how the iPhone changed the world, Steve?
Steve 19:56
I do remember that. Yes,
Brian Quaranta 19:58
Yeah, that’s about to happen again.
Steve 20:01
You think so?
Brian Quaranta 20:02
Maybe. I mean, yeah, you know, we’re all going to be carrying these new AI devices and using AI all the time. I mean, look, this is the future, and it has us thinking, what if we made a device for financial planning? What would this device do for us? What functions would it have, and how would those functions align with good money management principles? Could a device like this really plan an optimal retirement for you? So, let’s consider some of these possibilities. What this device might do well, I mean, it could provide you with real time retirement modeling so it could instantly simulate what happens to your plan if you retire in three years early, inflation spikes 6% your spouse lives till age 100 you know, when I, when I look at these scenarios here, I think about the things that we’re doing at Secure Money Advisors, and one of the things that we’ve done, and I think the reason why so many people that come in and sit down with us wind up becoming a client, is because we’re actually making all these bad things happen on paper. We’re looking at all of these scenarios you see when we build out your plan, we’re building it out in an Excel model so we can say, well, what happens if I need 50 grand, and on top of that, I have a health event? What happens if I need $50,000 and my investment loses 10% you know? Or what happens if, you know, we wind up living to 110 you know, what does it look like then? And so, when we’re answering all these questions, and it’s generally generating these visual outputs, and it’s showing us what these timelines look like, you know, your level of confidence that you start to build towards your plan exponentially, gets better and when you have a lot of confidence, it’s very, very easy to move forward. And that’s the peace of mind that we’re trying to give to people every day at our office by rolling up our sleeves, sitting down with them at the conference room table and going through these scenarios, line item by line item, right?
Steve 22:20
Right, well, and again, what they’re talking about here in terms of AI is exactly what you do to put a plan together, except you’re going to do it the right way, because you’re doing it without AI.
Brian Quaranta 22:30
Yeah, right, yeah. We are you actually think, yeah, we actually think that’s right, that’s right. So, you know, but AI enhanced portfolio checkups, you know all it’s really going to do, it can make the advisors job more efficient, which would mean that, if the advisor properly implements it into their practice, it could mean more value to the client, right by being able to do more, answer more, provide quicker responses. You know, it could very easily analyze fees, risk, exposure, performance. You know, it could. It could provide us with strategies for rebalancing, suggestions and it could flag what we like to call financial termites, right? These are the little bugs in your house that nobody can see, that are just eating away at the wood.
Steve 23:26
That’s what they- and you don’t know you have a problem until there’s a problem.
Brian Quaranta 23:31
That’s right. That’s why they’re called financial termites. But it could also help us with tax efficiency. You know? It could recommend Roth conversions, and the timing of those Roth conversions. How about tax loss harvesting? You know, a lot of people don’t realize that when you lose money in the stock market, that you can offset gains that you’ve had against the losses, and that helps you build an optimal withdrawal sequence in real time. It could model out your required minimum distributions for you, which is the amount of money that you need to take out, starting at the age of 73 you see, so for those of you that are retired that have these traditional retirement accounts, the IRS is coming from you coming for you know whether you like it or not, and they want their tax dollars. So, at age 73 you need to start paying up, whether you want to take that money out or not. And I just want to say, you know, there’s, there’s, there’s people out there that say, look, I I’m fortunate. I have enough money coming in from Social Security and pensions. I really don’t need any income from my retirement account. Great. But you want to know something, they’re going to force you to take that money out, whether you want to or not. And here’s the thing, I see, this mistake made over and over and over again, Steve, somebody that’s in a good financial position that doesn’t need to take money from their retirement account, because they’ve got plenty of money coming in from other sources. And what do they do? They retire at age 62 and they let their traditional retirement account continue to defer and compound right over the next, you know, nine years, and now they’ve compounded the tax problem. They’ve compounded the withdrawal problem. And what I’m talking about there is, you got a traditional IRA, right? And you’re not taking any money out at 62 because you don’t need any. And now 73 comes. How much larger is that account? Now, how much more money do you need to take out? How much more? How much more are you going to pay in taxes? Now, how much are you going to potentially, potentially pay on your Medicare premium? Because now you’re taking so much money out that your IRMA is going up. These are the things you need to think about, folks. And this is why you need a good fiduciary firm that is a full-service financial planning firm, like Secure Money Advisors, that can help you walk through all of these different areas of financial planning and really put together a plan that’s customized towards your strategy. And I would tell you to start by going to RightTrackYourRetirement.com and get a copy of my book. It’s an excellent read. It’s a short read. It’s a roadmap that gives you turn by turn directions. And while you’re there, you can schedule a time with the team to come in and sit down and get a second opinion. And remember, folks, you can’t get a second opinion from the person that gave you the first opinion. And to make it even easier, Steve will give you an 800 number to call, and our team is standing by to take your call to get you scheduled.
Steve 26:27
800-656-8616, that is the number goal here at the show, helping you make the best decisions for you when it comes to your retirement. 800-656-8616, 800-656-8616. Quick break back with more On the Money with Secure Money and Brian Quaranta right after this.
Brian Quaranta 26:41
It’s time for one of our favorite parts of the show, your questions. Each week, we open up the lines, check the inbox, and dig through messages to find topics that matter most to you. Let’s dive into this week’s listeners’ questions.
Announcer 27:01
And now, On the Money with Secure Money.
Steve 27:08
We are back On the Money with Secure Money And Brian Quaranta and our final segment together, which means, yeah, we turn to the listeners, and they’ve been busy this week, Brian.
Brian Quaranta 27:17
Yeah, they sure have. I always like the questions, though.
Steve 27:21
Yeah. But before we dig in, I want to mention, you know, you’ve given me the opportunity to work with Lisa Lauro, who is your Medicare person. And we do a show every week called Secure Money Health Radio, Where Medicare Matters. And I’ll tell you, if you got questions about Medicare, if you’re working with Brian and his team, make sure you see Lisa and her team when it comes to Medicare. And, I mean, it’s, I just can’t say enough good about doing that. The show is really fun. I mean, I’m a guy in Medicare, so it’s, you know, it’s informative to me, and I think it’s informative to everyone else as well.
Brian Quaranta 27:54
Yeah, she’s doing an outstanding job. And, and you can get to the podcast, too. Right, Steve? I mean, the podcast-
Steve 28:01
Oh yeah, you can get to the podcast anywhere you get a podcast, it’s also on the website. And but again, if you look at Apple or Spotify, wherever. You can find Lisa and Where Medicare Matters.
Brian Quaranta 28:12
But this is what
Steve 28:12
You can get Lisa’s book, too.
Brian Quaranta 28:13
Yeah. And this is what I say Lisa’s written a book, you know, the Ultimate Medicare Book. And this is what you get when you working with Secure Money Advisors, imagine having a place that you can come where all of the most important things that you need to deal with, with your financial planning can get done in one spot. And that’s what we created at Secure Money Advisors. So come on up, visit us. I promise you won’t regret it.
Steve 28:36
Absolutely. And again, I think that’s the key when it comes time to planning for retirement, there’s income, there’s social security, obviously, a lot of choices. And if I only have to tell that story to you, and you can connect me with everybody else that will know the story that, to me, is so just, oh… that means everything.
Brian Quaranta 28:54
Yeah, because Medicare is one of those things where we call it alphabet soup. Oh yeah, there’s, a lot to know. And not only that, but Steve, I mean, who would you rather do your Medicare through some random person calling you on an 800 number, or somebody local that you can walk into the office, sit down with, shake hands, sit in a conference room and go through your situation, ding, ding, ding, ding, yeah, right. That’s the one. That’s the one, and that’s what we’ve built for people at Secure Money Health.
Steve 29:29
Sure. All right, well, great. I didn’t mean to get sidetracked there, but I thought.
Brian Quaranta 29:32
No, I think it’s great that we talked about it. I think it’s
Steve 29:35
All right, let’s see, 800-656-8616 is the number here. We’ve got some questions. Here’s a couple. They’re both 68 years old and recently retired. They’re pulling from their IRA for income, but they’re wondering if it makes sense to start converting part of it to a Roth now that their tax bracket is lower, could paying a bit more tax now, save them more down the road.
Brian Quaranta 29:55
Yeah, it could. I mean, 68 is a little bit in my opinion, too late to start doing a conversion. But it all depends on what the reason is. I mean, do they have children that they’re going to be leaving the money to? Do They really just have that much money in their IRAs that it would benefit to convert, you know, 10 or 20% of that traditional IRA. So, without knowing more about their current situation, I couldn’t really give an accurate answer here, but sure look at the end of the day, there’s nothing better than going from taxable money to tax free. But I will say that there is a window where you are going to maximize a Roth conversion more than anything, and 68 definitely is way past that window. So, there would have to be some different reasons of wanting to do it that I would need to hear about for me to go. Yeah, that makes sense so. But just know that anytime you can go from traditional IRA money to Roth, it’s always better.
Steve 31:08
Sure. All right, 800-656-8616 is the number. If you want to know some more, here’s a couple with a mix of bonds and dividend stocks. But what they’re concerned about is that fixed income won’t keep up with rising expenses over the next, say, 20 years. So how can retirees protect their purchasing power without taking on too much risk? That’s a good question.
Brian Quaranta 31:26
Yeah, well, Steve, here’s the problem. So, this is typical of I would call a Wall Street portfolio. So, as you get bigger, what do they do? Oh, Mr. Jones, you’re getting ready to retire. Well, maybe what we should do is reduce the risk of your portfolio, so we’ll buy some dividend paying stocks and we’ll buy some bonds. Well, here’s the problem with a dividend paying stock. How much of a dividend Are you going to be being paid? You know, with big companies, dividends are not as good as what you think they are. As a matter of fact, you know, if you just look at like Johnson and Johnson, right? They pay a 3.2% dividend. Procter and Gamble pays a 2.5% dividend. Coca Cola pays a 3% dividend, Pepsi Cola pays a 2.8% dividend. McDonald’s pays a 2.3% dividend, Exxon Mobil pays a 3.3% dividend. You tell me, that sounds like to me, a, you know, if we were to add all those up, you’re not even keeping pace with inflation there. Now, you are getting the potential growth of the stock itself, but on top of it, you’ve got a bond mix in here. So, what happens when interest rates go up? Bond prices go down and you lose money. I just don’t like this type of portfolio. Steve, this is where I think the annuity is far more superior than a dividend/bond mix. And this is not how I would go about approaching retirement. So, but again, this is why I wrote the book, Right Track Your Retirement. You got to go there right now at RightTrackYourRetirement.com. Get a copy of it and learn how to do it the new way. Quit doing it the old way. Quit doing it the Wall Street way that they’ve been doing it for the past 35, 40 years. It doesn’t work, folks. There’s too many variables that get you in trouble and then schedule a time to come in. I promise you, nobody from my team will ever sell you anything. We’re truly here to help you. We’re here to help solve problems, and that’s what we want to do. And if there’s any problems to be solved, we’ll let you know what they are, and we’ll talk to you about what those next steps will be. Investment
Announcer 33:33
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Outro 35:27
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