SHP Financial’s Retirement Roadmap Radio Show 4/29/17

Weekend Shows
Saturday, April 29th
00:55:01

Transcript - Not for consumer use. Robot overlords only. Will not be accurate.

No statements made during retirement roadmap radio show shall constitute tax legal or accounting advice you should consult Rome legal or tax professional on any such matters information presented this for educational purposes only and does not intend to make an offer or solicitation for the sailor purchase of any specific securities investments or investment strategies investments involve risk and unless otherwise stated are not guaranteed to be sure to first consult with a qualified financial advisor and or tax professional before implementing any strategy discussed herein Matthew peck CFP Derrick Greg warranty Ellis of Essex. SHP wealth management LLC and SEC registered investment advisor offices in Woburn west Borough in Hyannis our offices of convenience and only used for client meetings. Joy to do this HP financial retirement romantic show with your host Gerri great warranty journalists and Matthew today. They know that the road to a successful retirement is made with consistent care in the commitment to guide the families they serve. Matthew is a certified financial planner professional and author of mind the gap the cracks in the American retirement system and Eric's been recognized by Boston magazine as one of their top wealth advisors and together with Keith solo third victory bringing in health wealth and success they've been featured in major publications like sports in the Wall Street Journal but they're most at home talking to people just like you about living out their dreams in retirement their phone lines are always open at 802277. B 777. So give them a call define your retirement roadmap fourth visit them all mind that SHP's financial dud job. Sit back grab a pen and start your engines here's Derrick Max and she's. Welcome everyone to another weekend edition of three time roadmap radio show. Brought to USC HP financial I'm Derek Greg where are joined by Matthew pack Keith is on vacation for today but today's topics are going to be really about how we can improve. Your situation both pre retirement. In in retirement. So first we're gonna have attorney Keith demand a stop by from misty playing and he's good join the studio to talk about three common misconceptions. Now a lot of folks have that we talked to you on trust planning. That we're gonna talk about the number one concern over the last bunch of years when America was pulled was running out of money Americans were so concerned about running out of money. But there's a new number one. In terms of retirement concerns we're gonna address that later in the show you're not gonna wanna miss that that particular concern because it's now number one used to be down the list finally during a Wiki mark report. Matthew packed RC RC FP is going to be discussing the French election. What happened there what does that mean to you but more importantly if your portfolio and your whole life styles determined. Determined our you know representatives of what happens in France or what happens increase or what happens anywhere. If the outcome of that election went the other way. In that affected your play now would affect your portfolio. Should you be relying on other events that should events like that matter I guess. In your portfolio if you have a proper plan. So that being said Matt Keith is away so with him being gone. I don't know anything else to do to make fun of him. So I'm pretty sure it is it's on our agenda for today is necessary there that I guess that was the medallion Becky put that in Hampton and so I think we can say always very tall. He does hitting golf he hits a golf ball. In a way like I've never seen never since been like that before that is very true he's so strong and powerful but but has no finessed that. It to those you golf like you know you the gold hit down the middle. If there was like a quick dogleg right twenty yards out and move into the hole. He could pull it off at the history. And then rating military and that is or spend that does it pillow thing was done on those and is it. And uses drugs to saline is I'm a hole in the back and Ali's not here kind of housing gaga I wouldn't unless but I did our profit. Stop there. Nobody you know how is your weekend last couple weeks that you don't want. It was grates. I must admit though I am I'm a little sore. It over this past weekend that we put on a new deck and so kind of underneath their want to create little storage underneath. And so had some did about a and much or for those recorder whatever battle bunch of crushed stone delivered to you know into the driveway. So there I am spending my weekend sort of hauling me you know loading press stone until wheel barrel we don't bring in over at dinner to the torch. Emptying the wheel barrel you know then spreading out in the end you know leveling all the crushed stone so that. In the kids skiing it's their bikes in and out of underneath the porch or what non Indian and the strollers double stroller and which were still had a double stroller or sergeant six and under seven under seven and having sex zones so. This deal that I. Is George we can and spent the entire days as still as a mentioned a look a little sore today but it it just made me think about how. About how much. Work it was you know if I was doing that every single day of my life you know assault all the construction workers are all all look all the manual Neil labor guys and gals. I mean I couldn't imagine doing that every single day is here I am after one day and I'm like dom my Mac she know it they'll like it is those are difficult but it may mean think about how all. If you if that was your if that was your line of a war whether it's whether it's not physically stressed or whether it's it's it's mentally stressing lately view of a very. A very stressful job as couldn't imagine doing that every single day. But not having a plan that Fiat. Yeah I just grinds on you head to the grand whether it's physical labor any type belabor yeah it has to the grindstone every day and we see that so much and thank god the market's been okay the last two years meaning there and so many people coming like we've Bisping grind and grind we don't know what we have we just. Putting money away listening lean legs so just a very simple analogy. You know so that Saturday prior to in its new Sunday was the one day doesn't mean nice enough to do it. You know out to he went out to liquor store and a nice six pack tonight TA is the in that was going to be you know sort of the the end of the road in us after all that work I was gonna have a nice school there and just you know watch the will the Bruins and Celtics get out like that. And so that was the plant so it took time before hands to line that up so that once all that work was done. That was mired in political retirement. That one day effort for that that after that amount of labor so. I just up until people are are eight passing themselves. Well we put this when Derek it just it boils down to. All of their work that you've done your career with the love your job or heat your jobs all listeners out there very happy to wake up every Monday or idea are you dragging yourself out of that is elated the end of the tunnel it was something what do you look for hate your job you're gonna retire debt and you gonna need to play. So I really hope that everyone takes it time to really set it up so that they do have one of the endless tunnel because it makes it makes everything that much easier. I hate to say that Matt but I have the seam pass a similar story. That happened I mean it's not obvious obvious not today the last weekend in an hour's sound it has do with as you know put we've put lowly four seasons are on the back of our home we've always want to do that. We put a deck to decided it who need it tomorrow. Seventy feet off the ground in so speaking of not having a plan we had everything barricade off a in and they're supposed to be that so that the deck was up but the railings were not yeah us this is a good thought about having enough planned for safety health and listen. So my my wife and Arabs is getting ready for the day whatever all of a sudden. I hear my son Kyle look at the oil now on the ground or get out much in Alice like for a free to a run downstairs. He's a comment like a much what he's a guy fell off the deck but why are you going to begin with yes and then later I found out. He's it will I be honest and he's six he goes from actually jumped about a be cool to be like Superman like you realize you can't fly again I'll race. Ali knows so agenda item but we had everything barricade it's on the you know he got out through some I made again to how we get out there it's a long story but. Bottom line is if you look Mikey he just things have been going well for you a lot of folks have their nose to the grindstone. This of people listening are hard working people dazzle dedicated their lives to provide to their filming themselves. And now they get this point in their lucky in my opinion though you lucky because the market has cooperated in your prime money in the market. Which is so Wii which is we love the market trust me prefer a portion of your money you have to have other places they can drying come from one now with safety is so. For the Posey they got to this point she makes you have a plan around it don't allow something. Market based to some foreign election in France change the outcome of your retirement. In so and it's HP financial our proprietary we have a patented process called the retirement road map process. And that's a mix is a lot different we opened our doors in 2003. And we're honestly passionate about helping folks like you that's who we know we love to deal and so we do wake up every day would smile on the faces this is what we enjoyed doing. In so our five step process looks at building you inning come planned an investment plan obviously wanna start with the income as a foundation. Because you don't wanna run out of money. The new attend investments tax and a musician strategies are there any health care planning strategies legacy planning for the next generation. All that planning comes together under one holistic plan. That would make up your Stanley name retirement grove map that you would have to build a plot you know planned for you in the rest of your life. So the best way to learn more about what we do my it is a feel for ways. Pope but we have different events every so often in we have live events turn unfortunately yet to see myself keeping that in person. Never be the downside but if you questions on income few questions on how to make an income last as long as you do but also do in the most tax efficient way. If you wanna make sure your volatility is living control. If you had if you wanna make you covered for health care situations. How to maximize legacy to the next generation and build one plan that looks all that. We have a couple of events coming up may tenth and may eleventh it's a straight a prime steakhouse in Woburn mass triple or Woburn office. In May eighteenth to meet 24 at ten mere Boeing in Spock. Implemented right next to our flagship Plymouth office Samie tenth and eleventh in Woburn. May eighteenth and 24 and emir bow and and Plymouth. I dinners included you need are your questions answered on retirement. If you go to our website you can sign up now other space available it's SHP workshops dot com again go to SHP workshops dot com after the break we'll be joined by paternity commandments he isn't he stepping in studio to discuss three common misconceptions. That a lot of folks have on trust you're listening to the retirement roadmap radio show brought to you by SHP financial we'll read that. You're listening to us HP financial retirement road map show your guide to a successful retirement. The phone lines are always open at 1802277777. Stick around the guys will be. Can you imagine trying to build a house with only hammered of course now. So how could you possibly build retirement plan without having all the tools hi this is Matthew pack certified financial planner and co-founder of SHB financial to make sure you know the not all financial advisors are the same. We have fiduciary who are required to acting you're best interest but what really makes us different as all the tools that we bring to the table as an independent firm we are beholden to big Wall Street banks or insurance companies like some advisors stopped working with people that are only trying to sell you annuities or only offer investment advice and SHB you'll get a full retirement plan that covers income investment tax health care and legacy planning all in one place calls today to 802277777. To schedule complimentary financial review that's 802277777. Or visit us at SHP financial dot com. When you're building a home you need more than just four walls you need a roof. You need a foundation without these things your home would be incomplete the same can be said for your retirement planning this is Keith Ellis co-founder of SHP financial if your financial advisor is only looking a year investment portfolio it's like having a house with no roof at SHP financial when we create customized retirement roadmap plans for our clients managing their investments is only one part of the process we include income and expense planning inflation protection tax reduction strategies health care in a state planning if you're -- -- not talking to you about these important issues we invite you to come in for complementary no obligation retirement roadmap review get a second opinion your retirement wellbeing could depend on call 802277777. That's 802277777. Or online at SHP financial dot com. If you're not 100% sure you're prepared for retirement get a professionals help call the retirement professionals that SHP financial for a no obligation retirement road -- review that will take about an hour but could add thousands to your portfolio the number is 802277777. Know get a risk analysis and investment analysis attacks analysis end of the analysis inside that will help you to know if you were on the right track if you don't know how much you're paying for your current investments -- HIV if you don't have a clear strategy in the event of a market downturn -- HP if you're not sure what would happen to your state when you pass Collison each week they'll tackle these questions and a lot more with their no obligation retirement road -- review -- HP to schedule yours now at 802277777. That number again this 802277777. Or visit them online at SHP financial dot com. Your June to a CHP financials retirement road map show where you're route to a successful retirement again. Call BS HB team anytime at 1802277777. Or visit them online at SHB financial Don come now here's your host Gerri great. Jealous so our listeners and SEC financial are very lucky that almost each and every week we're joined by attorney keeping minutes. From we miss estate planning and he joins us today welcome to the show O'Keefe thank you Derek happy to be here you know what's funny were talking off Lima when we were so lucky few weeks ago. Company had hired us to go out to Utah game we spoke to about. I think it was a three or 400 folks most of my advisors in the rom and try to share about how to build a holistic planning process so most people out there as you know. The advisor relationship busy sit dollar decline once a year you earn that she made this we're gonna sell the speech to a farm by this fund saw the stock. See you next year like we talk about all time that is not a plan a plan he's look at all areas of retirement including investments but also. In complaining. Tax planning health care planning in legacy trust planning the reason I bring that up is because we're going to be talking about three. Major misconceptions of estate planning and trust planning in a few minutes. But before I did I want to share some of these you both from the east this conference they'll still find SO cost here and there trying to ask us questions. Mr. what are those four things at the trust us again and I says hold on Joseph I said. That's one particular trust that we do. In Massachusetts. With a specific attorney right so let's go right it's a misconception number one the which is. Trust don't do everything right. Right so there's the I think three major misconceptions as you pointed out that now we've encountered of trust. I'm trust number one I do not do everything so it is there's a word it's pretty fancy word color panacea. That sometimes people think that a trust fixes anything we can think of NSA's Mike Tyson just. Yeah I thought I had. Any legal issue and are now I yeah. Says some folks will I have the misconception that you know gosh she set up any old trust. And nobody can sue you yet free nursing homes no state tax you know and it doesn't do everything but but washing dishes and and that's absolutely not the case so I think major misconception number one is that I trust is gonna fix all your problems. Trusts are very specific tools. That have to be drafted in a very specific way to get the particular outcome that the clients looking for. But I think the misconception of thinking that a trust any old trust is gonna do whatever you're imagining it is very much misplaced and that's why. Even folks who have a trust. He should bring entity of the attention of the SHP advisor. And say gosh what exactly does this trust still I think I know what it does and let's double check it now and have a free look at that. Exactly and you have a lot of information to. On your website which is very easier members Plymouth state planning dot com site so if you're listening right now it's really good information if you're looking if you have a state plan. And you wanna kind of make sheets done correctly or it's set up properly. Four if you haven't set up an estate plan which is a lot of benefits that we've talked about every single week. Including tax benefits state tax benefits capital gains step ups probate avoidance estate asset protection means a lot of areas. Again it's a Mitt McManus and give Iran have to commit suicide Plymouth this limit an estate planning that's even Tommy write it down. Plymouth estate planning dot com that's so perfect and so misconception or number two. And again this is an advisor that called me from California yeah nice guy but it just shows you how much lack of planning and he's had. He's ready do workshop where if you're used talking or climbing Jerry can't just use this information out right this is purely how a conversation that we had in Utah boat. How things done in Massachusetts in not so misconception number two. Not all trusts are the same rights. Right so we hear this it's seminar is we hear this from radio folks. Many people think hey you know I'm gonna trusts Imus be all set. Communist at this stressed out be years ago or you know I set a trust up just like my uncle or my neighbor my friend Charlie or whatever. Com if you have a trust or you're thinking about setting up the trust please realize the trusts are very specific documents there they should be custom drafted to your situation. And not all trusts of the same I I've seen some very sloppy trust that are immune only a few pages long. Some trust that is supposedly have some benefits but don't. In and I've seen some very very well drafted trusts generally speaking. I trust should fit like a glove to that particular client's financial situation which is why I'm so impressed that when you're doing your views with folks. You're mentioning to people about trust and if they say oh gosh I've got to trust that I guess I'm fine you say whoa ho. Let's look at the tress it's free to have an examination of this wearhouse sees it still Fed's maybe it was appropriate at the time it was set up. Maybe it wasn't in let's take a look and see if we can't you know charge it up. If things change you know Irish people so I did trust fifteen years aggression began to go. Well I can see I've bought us. Assume fifteen years ago but I was also probably a different size. This he probably wouldn't be in this you know as fashionable exist today not that I'm fashionable. They go but you know it's sometimes he sings he updated share in so that's another area you know you may have a trust Ernestine plan. In just because you have that doesn't mean number one it does everything number two it doesn't mean it's still appropriate fear situation. Which in turn wire review is so important. It's a great point reviews are critical and I I don't think with any other product to servicing people could die. They would ever have the expectation and if they bought it once it's good for ever yes. You know they get their house painted laughter number years you make you do get a pain began I haven't touched down you think well if you come from a financial plans of. Currently there advisors set into yet many years I which is crazy in this industry but that's what happens yes and I'm reviews are free. I exactly and yes part for information gang you can go to Plymouth estate planning dot com. Up to limit the state playing dot com if you wanna get more information. So we have two of the misconceptions down one trust do everything. Members to. Not every trust is the same and number three. Number and number three is the operas that number one of the first one as some people are of the misconception. That trust don't do anything and they'll say I don't need to trust and you know yeah I seen this and it's baffling and it's usually because there with Iran financial advisor who's been feeding them misinformation or just doesn't have the capacity of the interest in looking at that particular topic. So I'm trusts are appropriate. For any side is to state it's just a question of creating the right kind of trust structure for that particular client so many people think. Well you know I trust don't do anything on neater and isn't will or all I need is you know to add people to my bank accounts or put kids names in the house or something you know have these homespun. Ways of trying to develop an estate plan. But don't think that trusts are. Not for them or trusts don't really do anything and they'll they'll here's some horror story about some trust that didn't work properly because it wasn't maintained there was an appropriate for that client so folks shouldn't be necessarily an either extreme of thinking that trust do everything in there this a cure all in the also shouldn't think that trust don't do anything Dresser extremely useful as a tool but you do need the right tool for the right job so that is we wanna make sure we're we're making that fit that you have an asset advisors like SH view that understand the value of trusts. And all but also understand that although I trust my kind of look the same in the sense that it's it's a written document it's on paper you know but did the contents of that is critical. It is amazing to I think some innocent but trust they've got to trust for a long time ML them they are referred to me from a client had great client mind. Then all of them are very recently and I set down and they had like cup million bucks a lot of it was after tax dollars it was owned in their names from a quiet. You have to trust your advisor referred you to an attorney. Why is it's not title properly by the trust has nothing unless it's funded so as a recap misconception number one of the state planning Entrust planning is that. Trust do everything. Misconception number two. All trust said the same missed deception number three trust don't do anything so I got an opposite number one. We're lucky enough and Keith is any ministry to misty planning tie is nice enough. They he gave us the ability to open up his office if you wanna complimentary view on your situation. We have offices in Plymouth west Borough Woburn in Hyannis so call now. 802277777. For retirement road map review which includes an estate planning review again 80227. 7777. From an SHP financial dot com. According to a recent survey there's a new concern that has become number one among retirees in America we're gonna Jess Erez this break. You're listening to us HP financial retirement road map show your guy Jewish successful retirement. The phone lines are always open at 1802277777. Stick around the guys will be right. Back we've all heard the expression expect the unexpected. And that's true in life. When it comes to your retirement savings we prefer to say expect the expected. This is Derek Renoir from SHP financial. Our strategies as a retirement planning firm are designed to minimize risk in your changing world. And develop predictable income planes our team works with families to help them take on the unexpected things in life. That shouldn't be all that unexpected. SHP financial we can't predict the future but we can give you a pretty good idea of what you might expect in your retirement. Call today at 802. Q 77777. For our complete retirement roadmap preview. It will help you prepare for the retirement that you expect that 800. Two Q 77777802. Q 77777. Or visit some line at SHP financial dot com. Why do so many people have trusts for their families. Do I need one and what exactly can do for me how old Lisa legally make health care and financial decisions for me if I'm not well. What is the estate tax and how can I minimize what my family has to pay how do I protect my children from lawsuits or divorce. When you think about the comfort and security of your loved ones there's so many questions that the whole thing can seem overwhelming I'm attorney Keith McManus. And McMaster state planning will walk you through each step of our dedicated process and address all of your concerns. Then. We create a complete and detailed plan specifically for you. We're committed to carrying out your wishes and protecting your family from the courts leans in the tax collector and you see the state planning isn't just something we do it's the only thing we do. When you're ready to start planning for the future comic menace estate planning at 5087788855. Or visit McManus estate plan dot com. If you are getting ready to retire chances are you into the workforce over thirty years ago. A lot has changed since then in you could expect at least as much change over your next thirty years this is certified financial planner Matthew pack from SHP financial. Co host of the retirement road map radio show her right here every week it. Our team hopes people transition their finances from work to retirement. Since our focus is on retirement we're familiar with lights Kurz as you age and we can help you prepare for them. That's why we say expect the expect it our goals to minimize risk and develop predictable lifelong income plans to hedge what life brings it. Give us a call today to 802277777. Per tire in road map review. And we'll all be prepared for the retirement that you expect and deserve. Call 802277777. That's 802277777. Or visit us online and SHP financial dot com. Your June to a CHB financials retirement road map show where your route to a successful retirement again. Call BS HB team anytime at 1802277777. Or visit them online at SHB financial Don come now here's your host Gerri great well. She's jealous so in this segment we're meant discuss how to prepare for America's. Biggest retirement concern for the last bunch of years different companies have done different surveys. And he pulled me different Americans that are in retirement and asked them what is your number one concern of our retirement. In what has been the most popular for the that's far back is like a comedian exactly but as far back as I can remember seeing these studies done. It was out Libyan money. Well according to a recent study the health issues in retirement. Has passed financial security as number one concern among retirees in I think. It's probably inter related because they're concerned about health care a lot of your concern about health care. Because then it'll also help. You potentially run out of money so probably goes hand in hand that to mostly of point you know the number one concern is used to be running out of money now on health care because they concern that if health care continues to rise like it has and it becomes too much. A part of their retirement. Then they're also have a chance to run a money if if you don't plan accordingly blaming just. Distinctive in the sense of the others too massive for appeal forces a that are out of work here. You know it's a they get to give the technical terms given demographic shift in the name and economic shift it's like Aaron it was so mean. We're living longer. Do we all know that that longevity in Indian people are are living healthier into their seventies and eighties that forces moving in you know and as innovations in health care keep us healthier is as good nutrition everything else. Continues to propel us lord. And on the and so now we're living longer. Which means we we be paying Ford served for a longer period time. But also the costs are just ridiculous I mean and create healthcare Constantine go up. You know and and in the no lover and eight Massachusetts and in this or universal care we've had but. Yup that hasn't caps. Health care spending as well we we we continued to have especially yen. Locally you know some of the highest costs of health care you know on the country so I don't blame people for having that huge concern plus we talk about that and a workshop to say okay. And neo are all right I know we we sort of pull the audience like OK everyone. Botha to talk about today yes. And healthcare it almost every single time we do an event I'd say health care is on there. Millions what what's crazy about what's in my opinion what's really scary about it is if you ask the average person when you know what your broker your last review when you talked health care and how that was a player on your retirement how that conversation though. He'll look at you like you have five heads like I have a content that's my that's my best interest income folks against this stage where. This is going to be a big part of your retirement healthcare and not just long term care. Health care in general and a player role. So that's why we built our retirement roadmap process to help you in May be the most valuable that we tend to you by the best services. Healthcare is one of the things that we consider so we consider income investments tax planning health care planning and legacy planning because it's important in. Now it from their recent study was done by Merrill Lynch in age wave it's Merrill Lynch age we did a survey. In his running out of money is no longer the top concern. Instead this year health was ranked as the top factor for happy retirement it was 80% of folks a sixty have an older checked health. Yeah well into your point earlier I mean did just to quantify it for all of our clients. You know according to is still studies it's a costs health care costs of 260000. Dollars right sizzle it's. Did back two point about when we sit down peoples okay what's your health care plan. It on and it is they've been working with other financial advisors ever make it you know sort of the curious look it's like we'll know. It's gonna cost you 260000. Dollars we might wanna play for that happy does a big chunk of change that's not including long term care absolutely just healthcare astle so into your points and it's a great segue to because. I was break it up to people about this critical care in this chronic care okay. Critical care is hospitals. In rehab in home health care Gillick your leaker to critical situation and we're gonna get you better right and his dad is is split between Libya under 65 for over 65. And if you under 65. Then we talk in terms of if possible to take advantage of what are called each essays or health savings accounts so we'd like to sit down their clients that are under 65 they're still working and work with there HR department whether or if their self employed you know talk talk talk but their benefits. To take advantage of eight eight HS days. Health savings accounts which are basically at IRAs. For offer education. And I specifically a client the other day you kind of going through his different finances and he said that he had 60000. Dollars received NHS day in that literally. Just at sixty K was allowed him to consider retiring at 63 estimated 65 over those yet to cover the health care costs because everyone says well I'd love to retire but I I can't paid you know 1002000. Dollars a month for health care because what's turn 65. Desolate the second wave. Now you doing with Medicare and thankfully Medicare's a lot less expensive once you're over 65 whereas under. I mean under 65 of people paying out of the pockets. In anywhere from 2002000. Dollars per month to month. Where Medicare once you're on the plan and good plan Milliken that may be 300 dollars 34 you know 400 tops. Yeah and you may want to check with your HR department too because my mom was retiring this year but she sixty just turned 64. If she's a nurse and she was worried about you know covering a 64 to 65. In her my dad and then just want to go talk to me turn to CNET. Turns out there was some coverage moves through her hospital that was able to have her pale limited amount customer service time there. Yet as he gets to see you retire but to a limited health insurance and on the net 65 next April she can bushy and tell me for saying now about. The sixth fifth and at that stage and she cannot obviously going Medicare and it's a lot cheaper from that time well. It uses it just boils down to working with advisors and people that understand and ask good questions via you know early in obviously in the of this segment about health care and in understanding year your benefits at H hour and understanding things like. Health savings accounts and understanding how how Medicare works in in all the different components to that. In making sure that you have something mapped out where and if I'm just focusing on stocks bonds mutual funds and I'm not doing not much I'm not doing my job. Here's our breakdown folks you know you've if you get this point and you see that the decent money money. You deserve. Top notch service and some of us looking at all areas of your retirement so the people I'm talking turn are either folks who don't really have a plan in place or maybe you have an advisor or some you working with who just looks. One area income in investments and doesn't look at the other. Parts of your retirement like taxes and legacy in health care. That could be detrimental if not planned for appropriately so imagine calling someone in the organ memorial lawn once weekly match and I'm a guy you know I'll be honest Tom. Working harder and we can win my Trojan might from the weekend's I don't have time so I hire someone. So one guy said yeah Eminem I just morial on the that's Allman and do heal the dear all we were acting in and trim your shrubs and all that. And other guy can't came in for the same price and said yeah I'm gonna do your lawn impediment to make sure everything is in your yard is kept out of place because. You get the best one but if your shrubs are growing out of control in you come out we whacking so this grass belly up against offense that's not gonna look good for your overall on. Semen your retirement if you have an investment plan and that's all you have. But no one's looking at the other areas that could affect our plan like healthcare like taxes then what's the point it's like having your lawn mower but the rescue yard isn't kept in check it's not kept trimmed down aren't you know you're not we whacked me not to miss trump whatever it is. You want a full holistic plan so for those folks that fit in that category that either are not having that conversation at all or haven't set up a plan to begin with UFO sent talking junior the folks that we can help. So we have about six appointments available over the next two weeks for you that we set aside just for the radio listeners if you wanna take it into one of those appointments we have offices in Plymouth west Borough Woburn in Hyannis I had to do is pick of the phone and call 802277777. Again 802277777. Or go to our website at SHP financial dot com after the break our weekly market report we're going to be discussing a little bit about the result of the France election and how pertains to you in your portfolio should it matter. Is it gonna have consequences will discuss threat to this. You're listening to us HP financial retirement road map show your guy Jewish successful retirement. The phone lines are always open at 1802277777. Stick around the guys will be right. Back my dad planned ahead so his assets were transferred after he passed just the way he wanted to I gave power returning to my daughter. In now I know that someone I trust will be making decisions when I can't. The play and we created ensured that her family would avoid having to go to probate court to get their inheritance we set up the trusts opponents and be protected if he got divorced. Careful est. Planning is the best way to guarantee me your wishes are carried out to benefit your loved ones. I'm attorney keeps McManus if danys estate planning we're committed to safeguarding your assets for your family's well being. We'll take you through our dedicated process he can feel secure about the future. The most important thing is to prepare complete and detailed the state plan specifically for you because the state planning isn't just something we do it's the only thing we do. When you're ready to start planning for the future comic menace estate planning it 5087788855. Or visit McManus a state plan dot com. Q how much risk is in your portfolio hi this is Keith Ellis co-founder of this HP financial -- risk allies the award winning risk engineered technology -- mathematically pinpoint your -- number and aligned your portfolio to match crystallized replaces subjective terms like conservative and aggressive with a wrist number from one to 99 precise way to measure your exact comfort zone for downside risk in potential upside gains are US sixteen or 67 visit SHP financial dot com and click what's my -- number into the quick five minute questionnaire in you'll instantly determine your own personal risk number then we can build your investment portfolio to match in clearly define the path to your financial goals put the most advanced technology to work for you find out what your -- number is two day visit SHP financial dot com and click the link what's my wrist number that's SHP financial dot com. And now. It's time for your weekly financial update DS HP's financial weekly market reports all the things you need to know about the markets and the economy and your investments starting memo. Some myself for an end Matthew packer here damn their current wire and Keith is a way this week so we've been kind of make it fun a little bit but the segment imminently Malone. I ever gonna move into the weekly market report. In so at least every week you wanna kind of keeps you up to DS to what's going on. In current events financially what does it mean to you in Matt last weekend there where is a lot of news. Are around the election in France itself and he says some light on that would mean. To listen to some degree will absolutely so then how the French politics works is that the sort of a runoff. And so he'll have. You know for a five to and almost to ten candidates that are all running and what happens is the top two then advance to the general election which is going to be may seventh and there was a lot of concern because it was a very unpredictable a lot of these elections have been Abu is very unpredictable race coming into it and markets are very concerned because one of the candidates is it was a very leftists in a socialist almost Communist type of the stances. And then marine the Penn who is the more nationalist and right to send terror candidate and so is the markets were concerned that both would then advance of the runoff. In France would be literally did he know in the middle you know you're you're either voting super left wind left to the right exactly exactly so. There was there was a lot of relief because. I'm then I'm not my my French and in defense and disciples some lively for my French pronunciation is not gonna say and stand. It was a bit. But Emanuel Mack Herron who is with is a centrist zip yet so he won the yeah him and him and now look and won the runoff so now sensuous verses are. Right to fuel a cent a nicer that there is terminal and I have but I get the point BD is exactly in announced there's there will still be a lot of eyes on the general election which is may seventh. Because even though. Though worst fears were. More sort of lead with with Mac and end in the pen advancing. There's still a lot of concern because there are they have real really polar positions so for example. And there in the pen is very anti EU. And so if if she were to be elected then. France will could potentially you know come out of mostly new regs it. Yeah exactly but not much grander scale because the other continental power Britain held onto its pound held held onto its currency where France is is probably Euro loss of this of the frank. It would make you come back for the he would deal in the increase obviously all I salute the size of their economy to say the least. And now with Al on the opposite end macro and his pro EU would move wants us to continue to word or did you this case be exactly a pro EU pro pro European Union wants to kind of work within that many on the current some sort of power structures saw that are less sounds awesome and a note to listeners saying what does that. What does that mean to me like how does what does that do in my portfolio. In the I think give good answers to housing which is my point where is it it shouldn't matter at all. You know I mean it in and I mean that of course if you if you follow politics and if you follow global history in geopolitics and things like that it's fascinating to find out what's going to happen with the with the French elections in and as said you know you saw very positive impact on Monday of this past week in the markets. But if your retirement. Is is based on what happens in France this array French election exactly exactly if if you're concerned that only goodness am unsure. How that election is gonna play no mother or not I can I can retire or whether or not. I can you take that trip then my goodness your focus is on the wrong things right now in net to that's a clear sign that you that you don't have a plan in place. Because obviously we followed on a day to day basis and this is a week to week type of thing as well but when you plan you need to be looking at year extra Zach you know and and you need to have the market sort of as smooth and is less volatile CU as possible. So that whatever the election whatever direction it goes. It is just a speed bump in year old overall situation in a NASA should. Exactly so shouldn't matter because you should have different buckets of money set up for safety. For income and for growth so that. Long term growth bucket should have plenty of time to go through its ups and downs pence whenever the French election turns out may seventh. Whether it's good or bad the economy it shouldn't affect your day to day lifestyle your income plant high you how you run your life and so. If those listening that wanna get on a weekly mark report we kind of summarize a lot of these things and in our in our radio show like we are now. Nom but we also sunny so every Sunday a kind of report on different aspects of the market. Into what he did on their report it's there's no charge could SHP financial dot com. Again SHP financial dot com I think go to weekly newsletter sign up you complete your information there need to start getting. In the Libby just jumped back in there just because SL declined the other day and talked about you know buckets and and mapping things out. We literally mapped out five years of their income Millicent so we sat down is okay. And take a look at the cash and take a look in an old fixed annuity that was in the maturing in 2019. The name cash on hand. To a literally just seal went through their income analysis went to their budget went to their expenses and said okay. Let's shift account a and account be. And we know that. Based on all of those factors were no we don't need to touch any saying literally anything for next five years we had everything to the policy emergencies can have just you know. But we had it all planned out so that the other assets the group of mine exactly the growth money we knew for sure that OK we were hitting that instill. March of 2021. So it's hip joints are so it's like whatever happens with the market whatever happens with the and you'll French elections. The eight days are long term exactly did they have focused on the on Broadway in and go down in New York I don't need them focused on you know what what's gonna happen in. Busch Series we in my next point which is we aren't we seeing this usually have a year accounts in allies of the analysis in the risk analysis be of same what does that even mean. Yes it's a big house and risk being analysis and risk analysis. What does that mean why it's on foreign. I would argue that if you from and everything else on to the show you're gonna wanna remember this next statement because it's that crucial to say we talked about. If you don't play and you wanna look at how much are paying for that plan. And how much can you make your lose based on the investments that you have. And so. As you're listening think about who rose grocery shopping in your family if you're listening if you if you go grocery shopping right. In you start pulling things off the shelf and putting him in your car holiday I would guess that a lot of you got their kinda have an idea. On how much each item cost in the ballpark. As well as how much may be factored into an interest nutrition fatter calorie intake it it has to think Blake. If you're adding things to your car at the end you go check out you're pretty good idea how much that kind of gross he's gonna cost you and kind of if you went healthier unhealthy. But think about when you pick your investments are someone's pick new investments I'm I'm really hitting the calories that take to the risk is that the rescue when you meet. You should know how much risk you're taking in your portfolio. And I am relating the actual cost of what you're paying for those groceries when you put him into a car. You should know how much you're paying in your portfolio so it's amazing you spend time going to grocery stores cutting coupons you kind of know have an idea of what your putting into your car. Is Sony gets scanned at the end you kind of have an idea of what you're paying in what temporary rescue taking did you buy healthy food bad food. In your investments this is where want to pay attention. Do you know. Have you had that's car scanned. Both from a risk standpoint meaning how much can you make this year in lose this year in general terms he should know that because you can lose 50% in your about to retire. Guess what we wanna fix that. Or how much you paying you may be cutting coupons at the grocery store to save thirty dollars a week. But you may be paying an extra 101000 dollars a year which I seed all the time. In your retirement accounts so that's what I say getting a fee analysis and risk analysis is so important you have to know where you RC can have a plan to get you to enter retirement. We have only six appointments available over the next couple weeks and I urge you to call right now. Schedule an obligation review implements the west Borough where we're in Hyannis the number to do so as 80227. 7777. Again 802277777. Or go to SHP financial dot com. After the break our retirement roadmap recap where Matt and I will leave you with our top two takeaways from today's show grip that. You're listening to us HP financial retirement road map show your guy Jewish successful retirement. The phone lines are always open at 1802277777. Stick around the guys we'll be right. Back to your financial advisor only mean would you once a year to review your portfolio if you're five to ten years away from leaving the workforce your retirement could be at risk. This is Derek Greg our co-founder of SHP financial did you know that you or your loved ones to be exposed to a 300000 dollar tax bill or a 400000 dollar health care bill. Look at is having a financial advisor if here she is only looking at your investment portfolio in ignoring other potential problems and SHP financial we do more than just manage our clients' investments are customized retirement roadmap plans include income and expense planning inflation protection tax reduction strategies health care in the state planning to current advisor is not talking to you about these important issues we invite you to come in for a complimentary no obligation retirement roadmap review. Get a second opinion you retire while being could depend on. Call 802277777. That's 802277777. Our request or appointment online SHP financial dot com. Can you imagine trying to build a house with only hammered of course now. So how could you possibly build retirement plan without having all the tools hi this is Matthew -- certified financial planner and co-founder of SHB financial to make sure you know the not all financial advisors are the same we have fiduciary who are required to acting you're best interest but what really makes us different as all the tools that we bring to the table as an independent firm we are beholden to big Wall Street banks or insurance companies like some advisors stopped working with people that are only trying to sell you a new duties or only offer investment advice and SHB you'll get a full retirement plan that covers income investment tax healthcare and legacy planning ball in one place calls today to 802277777. To schedule complimentary financial review that 802277777. Or visit us at SHP financial dot com. Your team USA HB financials retirement road map show where your route to his successful retirement again. It's called BS HP team anytime at 1802277777. Or visit them online at SHB financial does come now here's your host Gerri great well. She's jealous so we talked a lot about different aspects of your retirement on today's show and I really hope you found some of these areas valuable. As we try to recap them. In leave you with our top two takeaways because we find like a lot of these subjects a lot of these concerns. Our common among folks dislike yourself so. First we had attorney Keith diminished join us and talk about the three misconceptions of trust. And we talked about the new number one concern according to recent survey among retirees. Which is healthcare and having a health care plan. And then from the during a market report we talked about the French election and how that impacts you in your portfolio. So Matt went all the things he talked about cluster beautiful open that we didn't episodes at a portion number one take away. Today well my lower back is reminding me that they should bring up what I would talked about the very initial segment which is it Derrick you and a hidden keys that matter to. We're very lucky because we level we do. And we you know we're happy and we you know we go after with the new energy and everything obviously of passion to you know provide planning everything else before our clients but all of our listeners say you know whether they'd love or to all of a -- seen a Willie love or hate your job this only hours in the day that span there. You know so I was doing that that landscaping their manual labor in over the weekend in. Just my hat's off to everyone that does do with the very physically taxing job or red and Wilson how stressful p.s on drugs can be too just more mentally stress and I have. So it's like with the lovely job hate your job whether it's physically taxing whether it's mentally taxing whatever it may be. I just a stress every once to have a plan in place so that there is light at the end of the tunnel. Like I was joke around about how mylan the internal list in my in my PA today and nice guys are cold beer PA's jacket that was my light at the end of the tunnel in I was able to work knowing that's going to be waiting for me. And so that was my plan and again on very small scale but I I encourage everyone to have something similar obviously much more are in depth plan. But have that was the end of the tunnel because it just it makes it all that much easier. I agree men I think a lot of your listeners have that concern because we're hearing it first and foremost from people calling in people that come to our workshops. A lot of people think having investments are having an investment advisors having a plan. But we talked earlier about the number one concern for retirees his healthcare. In a lot of folks meet their best advise him they don't talk about anything else but investments. Trust me we all know investment planning is a huge part of your retirement that's something we do every single day. But there's other areas that creep up in your life that could affect your investment plan so if you don't have a plan for income investments healthcare taxes legacy. That could affect your overall retirement so imagine hiring Elaine skippered the come to your house in a solid there was mow your lawn. But they didn't do. Anything they didn't trim your shrubs so those could get out of control. They didn't weed whack the high grass against your offense or against here you know different areas of your lawn that's all there was a long. That we call that and retirement to one trick pony so someone just deals and view on annuities are just deals do you want income or investments. That's not a plan folks a plan should look at all the years of retirement. In should be built under one plan one umbrella that we call our time or road map process that looks set income investments health care legacy taxes. Again if you or someone come to your house too much and just to mow your lawn. We want to take care everything's everything's kept in check including weed whacking including trimming your shrubs everything like that should be part of a plan for real once lint skating needs. Not just the actual mowing over a long. Same thing in your retirement you need a plane looks alt key areas so if you sat that sounds familiar or just won a second opinion to make sure you're on the right track. Give us a call folks we only have six appointments available but we're happy to help. Call 802277777. We can meet with the employment west Borough Woburn or Hyannis 802277777. Everybody SHP financial dot com have a great rescue weekend everyone and look forward to talking next week right here in the retirement roadmap radio show brought to you by SEP financial. When you're building a home you need more than just four walls. You need a roof you need a foundation without these things your home would be incomplete the same can be said for your retirement planning. Hi this is Keith Ellis co-founder of SHP financial if your financial advisor is only looking a year investment portfolio. It's like having a house with no roof at SHP financial when we -- arc customized retirement roadmap plans for our clients managing their investments is only one part of the process we include income and expense planning inflation protection tax reduction strategies and health care in a state plan if your current advisor is not talking to you about these important issues we invite you to come in for complementary no obligation retirement roadmap review get a second opinion your retirement well -- could depend on call 802277777. That's 802277777. Or request your appointment online -- SHP financial dot com. Can you imagine trying to build a house with only hammer of course not so how could you possibly build a retirement plan without having all the tools hi this is back Deepak certified financial planner in co-founder of SHP financial to make sure you know that not all financial advisors are the same and it's HP financial we are fiduciary east or required to act in your best interest board really makes this different is all the tools that we bring to the table to create solid retirement plants. As an independent firm we are beholden to big Wall Street bank or insurance company like some advisors stop working with people that only trying to sell you annuities or only offer investment advice and SHB financial. You'll get a full retirement plan that covers in come play an investment planning tax planning health care planning and legacy planning all in one place calls today 802277777. To schedule complimentary financial review that's 802277777. Or visit us at SHP financial doc cop. We've all heard the expression expect the unexpected. And that's true in life. When it comes to your retirement savings we prefer to say expect the expected. This is Derek Renoir from SHP financial. Our strategies as a retirement planning firm are designed to minimize risk in your changing world. Can develop predictable income plans our team works with Emmys to help them take on the unexpected things in life. That shouldn't be all that unexpected. SHP financial we can't predict the future but we can give you a pretty good idea of what you might expect in your retirement. Cost today at 802. Q 77777. For our complete retirement roadmap preview. It will help you prepare for the retirement that you expect that 800. Two Q 77777802. Q 77777. Or visit us some line at SHP financial dot com.
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