SHP Financial Retirement Roadmap Radio Show 8/19/17

Weekend Shows
Sunday, August 20th
00:55:00

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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 their retirement roadmap radio show brought to you by SHP financial I'm Derek Greg are joined by Matthew pack. Keith is away on vacation we missed him this week so we'll be joining us again next week. But until they show we're going to be giving you four ways to see if honesty planning after that. We'll give you four months of the common number here four penalties. They should avoid during retirement. In their weekly market report we're gonna be discussing the recent developments with North Korea in the impact that may or may not have on your nest egg. So if you're watching the news and wondering Heidi could be effective financially from all the global things that are going on as well as here in the US you wanna stay tuned for that later in the show. That being said Matt hydrant today. I'm doing very well distant return from the F from the white mountains up their New Hampshire now and had no grade hike it's just beautiful. Once you get above the tree line level I mean you can just see for miles and miles and you know you have all of the difference of a cloud formations and in all though all of the sort of weather patterns all meeting there Dow though. It was wonderful somehow Washington from a distance but again all above tree line and so. Not a great trip then had to be home a bullet it was similar to it them like the gun nuts about to Park City where you just you see nature and all of it's glory in need this to you realize how. How small you are some times in this such beautiful things out there. Today I go there and I'm going to Switzerland years ago on yeah Matta hornets like if you don't believe in god now you're never going to yes I have vastness in the beauty of the I'm just everything around you possible euros or have had to be back back on the grid hit though but but back heavily itself doing while I mean we had a took the boys up to Connecticut last week. You are down. Downs and I have to pick up and down to Connecticut and that's what took public an amusement park a lot of arson just meant a little cabin. In the woods and stayed overnight so his fondest much is it make you boys six and eight and nine so there's a lot of energy there and it's almost like me I. I beans I live we live through them Zeller doing all the rope swings India and blinds and they loved it so let's. It's really fun for me MLS again I think you like this one yet is if I. But in terms of Bob planning in terms of just meeting with clients obviously. Our firm since he built the company back in 2003 we started it believe it and that's been. A fourteen year anniversary is coming up next month there is in if you. I guess my question to you Matt what are you off the topic here what are you hearing out there you meeting with clients are meeting with. I'd say more folks that haven't worked must do that work with us obviously we know they have a full. Retirement roll map don't know for income investments taxes health care legacy. And we worked at among going to make sure everything is maximized. But for new folks who may be hurt us on the show are radio show. May be through three weeks ago came in through their first meeting had a cup of coffee review what are they saying what are you hearing as a concern. I think the biggest in the Benson or at least recently did that I've seen is just the lack of the lack of ballistic planning in the sense that. I sat down the nice couple in the oh there about three to five years away from retirement in. Did they had met with a couple other advisors out there and were just not that impressed because everyone was again talking about you know investment strategy and you know products you have products and had had an idea how to make the next. The next percentage play and make the next Bach and and I was just really sitting down with them talking about how. How I need to know what your goals are I mean I love our process because in in in a sort of expressed this to all of our listeners because. I want everyone to two with give some thought as to what they want to do. You know I mean it's it's so much easier when you are when you're working or William when you have young kids there when you starting off new career because. Are you you're working to pay the next bill you know you working to save for retirement a retirement is thirty years away so I don't need to really worry about that right now. But in Amy W kids in different things we time slot Scalia and so now retirement will mean you're now five years away from retirement. You absolutely have to be thinking about what your goals are with that retirement what's your lifestyle going to be. In Isaiah all that because. That's what begins yup that's a very Genesis of our processes talking about people. What what are your goals for income. What are your goals for investment CL mean some people are free and on the they're more Wheeling dealing and love the glove the media thrilled the of the market. And to see my deal with taxes and legacy and in health care. You know do those oh another woman sat down recently who you know quality of care when he came to nursing homes and home health care. Was extremely important to our Jeff so I was necessarily done what Medicaid planning your book Coble trust C you know talking more insurance in ways of of of a battling and in pain for you know quality care so. It was. It's the ability to talk about all those different areas and not just hey what's happened in the market. It's the ability to talk about all the different areas because what's important to some people is not a simple and others. But you need to be able to address all of those issues or you're not really doing good job. In that match takers anymore because that's a feat I'm getting a lot of did recommend as well in terms of like. A lot of folks out there and he animal sounds come bashing competition which is it's totally not the case because I respect they're we're not there is trying to do right by their clients. If you own territory by clients I don't respect you when they're competition or not. So when it comes down to. Building and building a plant building a holistic plan. A lot of folks out there and some do well but a lot of advisory firms who do these Social Security workshops and they get you look commented. In this who they do is they try to show home pages if we stick Social Security. By the way you should buy an annuity and yes it's almost like a big eight you gentlemen for one thing then when they come into another thing in her other companies will just. Almost come off as they were phantom plan for financial planners. When you commented we're gonna cite an annuity Arenas I you cern to bring you the answer on the other end sometimes you would just deal with the stock market. And that's all they do and that's scary too because and you may be taking on too much risk so. What was the reason we started our process our share before you got here one of the story if someone came in concerned about two weeks ago. Listen to this radio show. Came into our office he was an engineer and she was a dental hygienist they are about seven years retiring. And as a were talking they said you know what Derek you know calm my year we've been working so hard for our entire lives to amass this chunk of money in. At this stage of the game. We've made it great run with a markets finished you know eight year whatever bowl run in the market. And if not longer and we just wanted to take some gains up the table we don't need to make 10% per year in my many millions nearly four or 5%. Numerous after the rest throughout lives so so that was a question I asked him is it worth it mr. mrs. Jones. You really wanna take a chance to try to make an extra hundred to a degree and your investments. When the risk of losing half of it. Or do wanna take some chips off the table and build a plan that. Can be a lot lower volatility we don't it's it will cover your income for the rest your lives and we don't have to worry about the market's impact. Find your portfolio. So our whole process the retirement roadmap. Was built because a lot of folks are concerned about a living their money in not having nothing come. They're concerned about investment risk and having a pro appropriate portfolios based on their goals. They are concerned about paying too much in taxes both now on for the next generation. Concerned about health care what the cost that's going to be when they retire and you are also concerned about how to maximize. Illegally unethically what's left to the next generation or different concerns charities and organizations that they want to leave money to. So are we time roadmap process. In series those five questions that we build as part of our entire road map this five there has been building come plan. We diligent invest complaining keep your risk where it's supposed to be we look for ways to reduce taxes year after year for you in the next generation. We look for ways to plan for your health care going for both Medicare Medicare supplement long term care. And we look we build the legacy and estate plan to maximize what's left to those you care about. Unfortunately from time to stream we only have seven employment available. But if you come in what happens is when you sign up to meet with us you get a copy of our book the retirement roadmap which gives you a great education start to learning about us. In again nice video they'll tell you what you can expect that appointment. Some book unemployment now we have seven employment available employment. West Borough Woburn are Hyannis call 802277777. Again 800. 2277777. Or book and employment online at SH OP financial dot com. After the break we'll give you four ways you can save on estate planning will grip back. 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 this is Derek Greg Moore from SHP financial we help people finance their retirement so they can spend their time living life instead of boring about it. The fact of the matter is your portfolio will likely need to last both thirty more years in this sooner you do something about it the better off key committee. So if you not a 100% sure that your plan is rock solid cost today at 802277777. For a review of its super easy. We'll ask you a bunch of questions to find out what's most important in your life. And what makes you happy. Next or view your current plan and our team strategize on ways to make your portfolio. You're tax strategy you use of Social Security in an escape plan better suited for you. At this HP financial we want your retirement to be about living life in most sweat the small stuff for you. Cost today for a complementary review at 802277777. That's 300 QQ 77777. Or visit us at SHP financial dot com. Why do so many people have trusts for their families. Do I need one and what exactly can it do for me. Well they send legally make health care and financial decisions for me if I'm not well what is the estate tax. And how can minimize what my family has to pay cut my 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 keep 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. 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 it 5087788855. Or visit McManus a state plan dot com. Your June 2 SHB financials retirement road map show where you're route to a successful retirement again. Call BS HP team anytime at 1802277777. Or visit them online at SHB financial Don come now here's your host Gerri great. She's jealous like we've mentioned many times on this program. We felt like a lot of folks that are listening in that are out there in the coming to our office. Fail to plan for an entire retirement plan may get bits and pieces or they might have an advisor that helps some with their investments. But a lot of times and missed so on certain areas like health care planning which is a huge concern to a lot of folks or minimizing taxes. Well one of the big areas is a state planning. So wanna welcome you welcome Qi to Minnesota menace state playing to the show I don't keep on doing great Derek thanks for having me thanks for being here is always in. Today wanna talk about for ways to save. On estate planning and people might think. Mohammed and semen maybe they getting me going for the wrong angle but I think if you can introduce may be number one to start absolutely a lot of folks listening have. You militant they've heard they should have an estate plan. But they're not really sure where to go in sometimes there advisor brings it up a dozen given direction sometimes they hear it on a radio or may be right here on our show. But what are some ways that people and folks listening concede. So Derrick an excellent topic there was a recent study by US trust that said that 31% of people when surveyed. Had admitted to procrastinating with regards to estate planning. Thinking that they could sort of predict a time and place when bad events would happen to them and changes of health and and and death. But only 55% of people actually completed an estate plan prior to dying. Trees is it 45% of the population passing away with no estate plan whatsoever. I see the top four ways of are really getting motivated and in moving ahead things people can do. Number one I think is applicable for state planning for financial planning and for a lot of other activities in life. Which is the sooner you act the better the outcome and the sooner we can start an estate plan for people the better. And very frequently people approach me and say she's my too young to do and a state plan you know I mean they should wait till I'm retired or something like that absolutely not. People can do the estate plan create a foundational plan. Up front and early. And usually the starting gun goes off when when people are purchasing their first home and having the first child starting jobs and so forth or even for individuals that have children. Getting the basics of estate planning even even when they're still in college. Why so Mike a lot of clients I commend all of shone like you know even. I'm 37 years old and I've had a trust amnesty plan in place for 567 years somewhere in that range and I probably waited too long. Unanimity so it's so important to have this area covered. As part of your plan it's also porn to have make sure that your financial advisor and attorney are on the same page and they know as things change. Obviously you might let's say you have a child or you have a special needs grandchild or whatever happens in to make sure that your advisor is in constant communication with here. Attorney here who are really doing is doing your state plan because testing exchanged documents might need to be up. Did as well absolutely and if you've started that process you've done the hard work everyone's well and healthy and happy when they've started the process. And you're able to really maximize that clients experience so that was number one number two number two. Is is sometimes people make the mistake of procrastinating because they feel like they're not an expert. And Nelson you know how they gonna do anything quite yankees I don't know all the different varieties of trust and all the different financial outcomes of the tax outcomes I don't know how to manage all that has it seems so complicated. Piece of advice that's what the attorneys therefore that's why you want to pick. An attorney very carefully but you do not need to be an expert in all of this that's why you're paying good money to have good advice from a qualified estate planning attorney. Paris last I have you know friends growing up and they were in their you know mid twenties are married men Nate. It's a you know I just up the timings not right to have a child who don't have enough money saved up but unlike. There's never going to be your time Matthew and Mary good point that you know so we we were like you know we're gonna have. Kabul public children had to have two boys thank god there healthy in one battle in. In down you know. Not to think we're gonna have anymore but you never know OK with the got what the good lord bring necessary assets cursor files class and honestly that's. And it in basically four. A lot of folks listening. I mean you don't have to be. It easier job isn't to know all that's right every you do when your allies if your nursery dent is there a teacher whatever you do. This is not something that you are focusing on every day and so he shouldn't the year you gonna be an expert on it right used to define a firm. They can handle all this for you. Imagine using a similar analogy Derek imagine if you had a really serious surgery that you needed to do. And you said that surgeon. I don't want you to touch screen so I know what is every single drug does and every single incision in light on it this way not that way how to be an expert in this medical procedure before you do it. That's defeating the purpose a lot of law school did you hear a lot of healthy when I talk medical solely got a lot. That leads into my third point. So first point is the sooner the better second point is don't try to be the expert you're hiring one. Third point is choose the attorney wisely now this is something it's very important for listeners understand. There's so many varieties of attorneys out there you really wanna pick an attorney that just does a state planning but I need to take it one more. They just as estate planning and has a very very strong. Understanding of trusts. In the tax code. As an asset protection those are linked to three top ones that you really want to make sure not in nick menace estate planning. You can tell we just do estate planning it's a pretty safe bet to know that when you pick up the phone and call. You're gonna get me as an estate planning attorney and that's all I do all the time so that's my focus but there's very frequently law firms that people engaged. They know they guy they know legality so they did something for them in the passing gonna give it a shot maybe they can. Knock out an estate plan I think it's too important of a task to get someone who doesn't focus a 100% of their time and energy and effort. I'm not only understanding the law but also the tax code. In the financials as to how this is all benefit together. Yet you're going for a total football camp and your quarterback you are someone who knows that how to throw a passing coach and you just focus on passing you don't. If they do like running back coaching in receiver is in specialty enjoy it while I want someone who's a specialist. In the area that I needed for those listening that is a state planning for you and. Absolutely anyone to pick a firm. It's going to be around for awhile wanna pick affirm its gonna have a little bit tread left on the tire a lot of times people come to us and I'll say geno the attorney to draft a nice state plan. Five years ago you know the person retired or they passed away or they move to something like that. You know that's also very important consideration to Somalia where running a little short on time what's the from the fourth the way to see the fourth was real quick I've seen at a recent increase in. Marketing and firms that talked about these these special named trusts now. Please understand when your creating a trust the name of the trust isn't cut and yes definitely tell you what's going on and that trust. I'm sometimes I've seen attorneys trademarking the names of their trust coming up with fancy sounding names for truss like you mega trusts and other kinds of silly names like that. Please don't assume that because there's a fancy name to the tress it's gonna do what you need to do. The internal revenue code does identify certain kinds of trust in you should have your attorney identify what does in what. Part of the internal revenue code you're talking about where where where is the legal authority for getting done what we want to get. Done by I mean cause I thought you gonna go of like the super duper trust it and you know takes a look hard enough there's an Israeli ally there yet up and they put a health care. And clients will see you all this is a mega trust Lopez does not all about I don't want to divert regularly negative ad never yeah so so so please don't fall for just a fancy clever sounding name for the trusted name is that is. Just a convenient to really good stuff key Souza for ways to save on estate planning an in house talking that he thought there. He does is alive events every every month or so sometimes to a month but they honestly they Philip fast I've been to these things and their obvious packed to the brand. So if you wanna learn more. About different ways from a state plan and understand trust and testing estate planning as a whole. We can register for one of his workshops while the space available he has one available September 13 which is a Wednesday at the arm at housed on the cape. And then Tuesday. The nineteenth which is a Daniel Webster and also down McCain is more off keep seminars in October buffer if you want to register one of those two events call 50 wait. 7788855. Against five away. 778. 8855. After the break we'll give you four penalties that you should avoid during retirement. 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 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 insured to her family would avoid having to go to probate court to get their inheritance we set up a trust supporters shouldn't 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 Keith 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 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 and co-founder of SHB financial to make sure you know than not all financial advisors are the same and it's HP financial we our fiduciary 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 a big Wall Street bank or insurance company like some advisors stop working with people and only trying to sell you annuities or. Only offer investment advice and SEB 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 at 802277777. Or visit us at SHP financial dot com this is. Eric Greg are from SHP financial hit a talk Q bug your grocery list when most of the go to the supermarket they know the nutritional content in the cost of items they put their car. My two favorites are ice cream and rabbi but living on ice cream alone be pretty risky for my health in living on rib I would be pretty tough in my wallet. That's or make informed decisions and limit foods that won't put our health are budget avarice but when it comes to investments. Most people couldn't tell you which ones are risky or if they're paying extra hidden fees. So if you like to know the real risk level and these are your investments give SHP financial call 802277777. You. Or potentially saving thousands of dollars mean to you let SH people your financial shopping cart in order. Call now 802277777. For a complimentary risk in the analysis. That's 802277777. Around mine that SHP financial dot com. Your team USA HB 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 does come now here's your host Gerri great. She's jealous. Most retirees are prepared for the income tax that comes along with retirement but not many are aware of the other penalties that exist as well. We're gonna discuss Ford government penalties and how to avoid them some math book I don't go fees for pretty quickly but what's your first one they think people should know about. While list or would the top whiner in the top one in the sense that it can be as -- as a 50%. Penalty in regards to you are required minimum distributions. So for all hairless or is out there are required minimum distributions are RMDs. Are what you have to take out from you or qualified. Money or your pretax money when you turn seventeen half so this is things like 401 k.s for a three b.s IRAs. Anything that you have received a tax deduction nine we backed plan you know which is great at the time you're working nearly lowering your tax liability by contributing to a 401K or for a three B or traditional IRA well RMD's are when the IRS wants their pound of flesh then OK so once he turned seventeen half you must begin withdrawing funds now generally have to take your RMD's by December 31 of that following year. Although first timers can wait until their initial pay out as late as April 1 of the following year. But here's a big penalty if you do not take your requirement and minimum distribution by the deadline. You'll face a penalty equal to 50%. Of the amount you failed to withdraw again 50%. So our clients that can be at 1020000 dollar penalty if we didn't do our job correct now which is that she's funny could that some one note to let people know is that if you if you miss the deadline don't automatically send checked. Because the IRS at times can make exceptions so if you fell ill that if that giving year or if you go bad advice like Derrek Lee you're just saying. They'll waive that penalty so it is a big one but be aware of it but just try to avoid because you don't want to again be in those chair. Or is making airline with a firm that covers have for you that's their job to write and you're covering a minimum distributions of the year to year to avoid this 50% taxes or tax. So at number two for that I wanna go through is really not a penalty but it's really death tax. So if you die too wealthy the IRS will take one file swiping your assets. So from a federal level. The taxes aren't paid into the U exceeds five point 49 million. In total Obama's speech which is home property retirement accounts all those assets if your copilot almost 111000010. Point nine million. Before you write tax federally on your state but for many states in Massachusetts were so lucky to be one of those states. There isn't a death tax in Massachusetts for a million dollars so once you're over a million or for a couple if you do proper planning two million. Then you start having death tax or state tax comes into play. So what are firm we build up this five step process for you in our listeners and our clients the retirement roadmap income planning investments legacy taxes health care. We'll move to root through part of our legacy plan part of our tax plan is to reduce those taxes for the next generation so as ways to. Avoid these taxes. If you plan properly if you working with someone who just focuses on the money in the investments you might be missing out on huge advantage from a tax perspective being able to avoid the death. Well that's why I love talking about these types of things because we we want to speculate when it comes to what the taxes are going to be because we know exactly what they are and we don't know once bright the exact a known known to me here's now RMD here is they here's a death tax penalty and the number three is a penalty for failing to sign up for Medicare at the right time so what happens is that once you turn 65. If here if you're rolled the Social Security you become automatically enrolled and in and Medicare at that point time but if you're not mean if you're delaying Social Security then you're not automatically enrolled in specifically into heartbeat. Know what happens is that if you fail to enroll during your initial enrollment period you'll have to pay a late enrollment period as much as 10%. Of the part B premium for every year that you should have had cover church. So again the 10% if for every shift had coverage now let me also qualify that a little bit because. If you have current coverage so let let's say you're working your 67 years old and you have coverage through your employer. You don't necessarily need to be worried about the penalty whereas if you are not working you have no coverage in your just delaying paying into Medicare because your Dayton health clean you don't think you gonna get sick. That's the penalty is gone after there and that's we wanna make sure that your avoiding. And hopefully as you listened to were talking to go hope I'm assuming or hoping that your advisor of the firm you worked with takes care of these issues for you because this is a law. Both things besides just what stock or bond shed buyer or mutual fund should I have no money in so we talked about the failure just take care required minimum distribution. We talked about the penalty for not signing up for Medicare at the right time. We talked about the extra tax as it comes from the from the death tax in Massachusetts. And both the federal tax lament. And then finally we'll talk about a lifetime reduction. In Social Security benefits if you don't claim properly so some key is just no freer what's we consider your full retirement age in Social Security. Some people born between 1943. In 1954. For retirement age of 66. It gradually climbed toward 67. If your birthday falls between 1955. In 1959. It for those who were born in 1960. Or later. The full retirement age is 67. Says you know you can take Social Security you can trigger as early as age 62 now there's some other areas of here. A widow or widow or or if you have a disability you can even take earlier than that. But for most folks out there and it's 62 was earliest you can take it. But you could before footing a lot of money by taking it to wrote for example if you're working. In you taken a 62. You're only allowed to make in 2017161920. Dollars. If you need more than that and guess what they gonna start taking money back. From the Social Security payments that you received two death we don't want a trigger if you're making more than 161920. Dollars per year. Once you get to age 6667. Whatever your full retirement ages you can collect Social Security. And make unlimited amounts of money in his no no one takes anything back from. Now the knowledge that no not another olive making unlimited amounts of money was for this fourth one the only thing I'll say is we see a lot of like these. Seminars that are available workshops are people it's a number one thing that gets people attention and gets retirees attention to Social Security. It's on the put these workshops on come to issel security plan. And that's all they do was run an analysis on what you get it featured at this CJ that age and what to break even point us in then not so a lot of Beisel have you come in. Give you some analysis and then try to transition you to do something else for them or buy a product a new year insurance products when in reality. Sometimes. To no one to take Social Security. Is a lot more than just the dollars that come out of Social Security because maybe there's a way to took a lady you get more. But then what of all the other things jet take into account like the tax ramifications on when you're taking. For the investment returns a money that you don't have to take audio investments if you took an early. So the whole bottom line is in the someone knows your entire situation must you work with someone that does built a holistic plan. There's a lot of factors that have to be known first before you know when and how and if you should take Social Security. So that being said are retiring road map process like I mentioned as part of our income planning process we look at how to maximize Social Security. So beyond that we look at investment planning tax planning health care planning and legacy planning. To make sure you have a plan. That covers all the major areas of retirement not just a one trick pony that does sole security or does investments or whatever it looks he needs someone who looks the whole picture because I don't think your time to go to fifteen different places to have a retirement plan. We have seven employment available for you over the next two weeks if you wanna come sit down learn what we can do for you we'll send you had a copy of our new book once you book an employment in to do so go to either SE HP financial dot com. Or call 802277777. And again that's 802277777. Or SH OP financial dot com after the break we're gonna discussed during a Wiki mark report the event said it transpiring overseas particularly North Korea and how that may or may not affect their nest egg we'll 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 will be. Right back. When you're building a home and 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 at your investment portfolio. It's like having a hosts with no roof. At SHP financial when we Cree 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 planning if you're -- advisors 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 being could depend on call 802277777. That's 802277777. Or request your appointment online -- SHP financial dot com. For over a decade in this HP financial has helped the people of New England lived more secure comfortable lives spent providing safer more complete retirement plan to call us HP today at 802277777. That's 802277777. If 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 Renoir co-founder of SHP financial did you know that you were your loved ones to be exposed to a 300000 dollar tax bill for 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. 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. Each and every week we try to take a topic out there in the financial markets and just try to relay may be how may impact. You know Europe whole portfolio impact your nest and a lot of people have concerns about different things as they come up. Man there is no difference now in terms of what's going on North Korea mapped. In a few weeks ago or in the last few weeks we've seen some volatility we've seen some up really good up. Really bad I'd say down days which is to recent times good for the market but we've seen some volatility start to creep in a little bit more than it has. In the past you know year or so Greg you know so. I guess a lot of folks are asking me when I haven't you know out meetings and people come in for the first time. They just a little bit nervous you know they've a lot of people listening to the show have. Worked so hard to get to where they aren't sacrifice their whole lives and now it's like. Is there going to be some event it's gonna change my retirement outlook what do I need to do and that's that's organ and yes I guess is key in north curia impact your nest. Well it's a great question American in capsule is in the news because any time via a sitting president who has. Nuclear weapons at his arsenal talking about. Fire and fury. Mobile Canon gets a little bit on edge as as to what's gonna happen and and because we all know that. One miscalculation. Or one rush to judgment wherever might be might tell me don't send us down a you know a string of dominos. And satin way to realign it so all the old. It is social I wanted to take the market report just a talk a little bit. Specifically abode you know about the Korean Peninsula and kind of what that means but Paulson has put into context of geopolitical events in general. In about how much of an impact to the actually have. So let me let me first start start with North Korea because number one is that. See that the bigger the bigger concern is not necessarily attack on them at the US mainland because yes they may or may not have the capability but. There's such defense mechanism that we have nowadays that. It is very very unlikely that any to the mainland American would get hit. What's more scary scenario is if soul or South Korea gets attacked because as I'm sure everyone's heard of Samsung. Sure everyone's heard of key I'm she you know. There are plenty of of great companies and great work in production that's coming out of specifically technology ought to express did exactly. You know that's coming out of Seoul. And so an attack on the cream man lands would be really sure you know clearly bad not just. For fervor and the humankind Sonoma and all the lives that that could potentially be lost. But also clearly on the on the Chris South Koreans economy which would again effect the the you know global economy. But even then it would still be relatively minor only because of the fact of how much of fair GPA. You know it is in in the big world so mean. Thankfully in it we do have a globalized economy and so not that we want that to happen by any means but. In a few looking at it serve rationally and very coldly. It's an okay area. So this this would be some issues but the nose of the US condom might be Odom make it through. But here's the point in regards to geopolitical events in general and so let me can't take you to a couple a couple one in history. Four for 2011 affect doesn't have the September 11 2001. Everyone remembers. September 11 of that offense. In they'd they'd data showed that even within that time even within let's say mariner know about six months or three months after that. Then the market had recovered after September 11 over the worst attack on US soil since Pearl Harbor. And you can go back and history for example when when Iran Iraq invaded Kuwait the market dropped in old couple percentage points initially a couple left for those next couple months. But then went in less than a year it was up 10% yes you know and then even the Cuban missile crisis you know to go back into the sixties. Even the Cuban missile crisis. The the other markets dropped up to 6% right you know during the event but still did not derail. What is our economy which is in nineteen trillion dollar economy. So BO volatility doesn't do it in a geopolitical. Events they business lead. It I mean you had this fiscal cliff you had the Paris obviously you horrible events you had brags that. You had you know Chinese stock market crashing your ice I mean it is event after event it's porn to cover because obviously. It's people care about it. But this is again serial in nineteen trying not Koppel in as you sync is even when we put down the report I mean literally if you just so you know that did we we put its shadow of investor just attached to blinders turned off the television and ignore the events all the events have happened since January 1 2000 and eights. He would hear she would have and I'm from from 2008 January does mates is free. You know three fallout from oh wait until march of 2017. New and better return of the S&P 500 about seven point 6%. So to all of that volatility and all that all that frightening events you have enough. If you didn't pay attention he's apple or you don't mean Mimi if you just didn't you need turn off volatility and all the media is happy to say your eyes and open much it's like. I think I today caught taking it along claim right to like four Bork like in a match and a playwright super shaky and up and down. And then you lands like I'm glad I took that flight but the flight stunk because it was bumping around yet what he had done that before about. Play. It's also mean even mentioned the opening segment about how we love Sammy come in recently just talking about you know Tebow taking some chips off off the table. In amateur tell people about that because you would during all of these events in the market was crashing. You people always you know they're they're very proud because they say look hey Matt as long as I don't sell I'd I don't lose and it's actually write as long as you don't sell out of the market it's what's called an unrealized gain in just let her recover and in eventually it it will be will be in positive. But you also don't make money unless you sell a degree Syria wartime the EU also do not make money unless you sell her. So so here here we have you know the market is as an all time highs continuing to sort of chug along you know thankfully there isn't any recession. Looming and that's for the kind of what it was a bigger. Fear for. No this market in general. But why not sell little bit why not cash and Jim chips because now you are now now you're officially capturing that money because you sell when it's up. At the really appointment to get our weekly market report it rescinded or every Sunday sinopec SHP financial dot com again SHP financial dot com. News that a sign up in created by smash from the certified financial plan that you are appreciate doubt. It so when I would say is you know Matt Matt kind of mentioned it earlier but I guess the two questions are we oh number one what does money mean to you at this stage. In what's really important in your life right now as you think about what's important is it to double your money in five years. In and take all the chances to do so. Or is it to make sure that you have enough in come. For the rest of your life to cover your retirement needs to be able to travel see agreeing kids do whatever it is that you doing your leisure time. And whatever goals you have without having to worry as much about the market if that's you if you want a plan that can teach you to enter retirement. When less volatility especially if you're relying on income in retirement take some time out of your day come and sit down with a assets are we're here for been doing it since 2003. We're super happy to help more passion about what we do used to take an hour of your time with a cup of coffee and sign up for an appointment. To do so we have offices a year convenience neither Plymouth. West Borough Woburn or Hyannis. We have seven employment available as we speak for the next two weeks. When you sign up you get two things you get a nice video they introduce is exactly what we do. In what the appointments can look like seeing not there's nothing that's going to be thrown either you know they going to be surprised at. We're also gonna send you a copy. Of our book the retirement roadmap to give your education. Very easy re on exactly why we do we do say you can live the rough the retirement that you dreamed of the book that employment pick up the phone now call 802277777. That's 800. Two Q 77777. Or you can book unemployment online at SHP financial dot com. After the break match and I gonna take you through our retirement roadmap recap you leave you with our top two takeaways from today's show director. You're listening to whereas HP financial retirement road map show your guide to a successful retirement. The phone lines are always open at 1802277777. Stick around the guys we'll be right. Have you watched the game show where someone nesting into questions under pressure and decide to risk all their winnings or cash out. Hi I'm Matthew pack co-founder of SHP financial. When it comes to planning for your retirement acting team we don't want you to play especially near retirement. While the market's near all time heights. To give us a call today at 802277. 777. For a complimentary risk analysis and retirement planning session. We'll get a good understanding of your current strategy your goals and risk tolerance. Then we'll ship a plan for you they can grolier nest day without feeling like you're risking it with the quote wrong decision. So make sure to call SHP financial today. 802277. B 777. For your complimentary risk analysis and retirement planning session it will take about an hour. But just could change your life call 802277777. Or visit us at SHB financial dot com. For over a decade in this HP financial is help the people of New England lived more secure comfortable lives by providing safer more complete retirement plan to call us HP today at 802277777. That's 802277777. Q how much risk is in your portfolio of hi this is Keith Ellis co-founder of SHP financial in times of market volatility it's even more important to have the correct amount of risking your investments and SHP financial wiese who crystallize the award winning risk engineered technology and mathematically pinpoints your -- number and aligned your portfolio to match crystallized replaces subjective terms like conservative and aggressive with a -- 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 -- financial dot com and click what's my wrist 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 know what your risks number is two day visit SHP financial dot com and click the link what's my -- number that's SHP financial dot com. You're due to a CHP 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. She's jealous. So hopefully you're able to take some things into the show that you're able to apply in your in your lives especially if here close to her and retirement we talked to bail out a little bit about few examples of clients. And different people that have come in to meet with us over the last few weeks in what some of their concerns were as it pertains to risk in not having a holistic plan and in what and so forth. We also talked through attorney keeping minutes on four ways to help save on estate planning. We DD four penalties in tax implications. They should avoid. During retirement and then during a weekly were market report we discussed kind of what's going on both globally and here domestically and really how pertains to your nest eggs so that being said while the views since Matt nights here today Keith is on vacation on the deck next week but. Fur who went only human to really did takeaways from today's show some map which of them went to court. Aren't Erica and go back to something I spoke about last sex segment which was the fact that you don't make any money if you don't cells from the stock market and a note you lose any money unless he self and so let me explain the first or the second half of that which everyone kind of understands which is. When the markets to fall when they did fall off of some of those geopolitical tensions Dor in no way till or two years ago in China devalued its currency mean in markets always dropping you know can drop obviously. Pretty significantly. And people know that OK I only lose if I self you know some of the market drugs ten points or take 1010 percentage points and in everyone's lost CN 10% of their money well authorities made it look on their on their line a C 10% down well they know like Adori doormat I'm. You normalize advisor I know that I only lose money if I were sell when that when the market was down 10% will. Just to remind everybody that the opposite of that is true is well. Is it you make money unless you sell either so now Howard a different scenario now the market's not down 10%. Now the market is hitting all time highs is he's been week by week so announced at a bad time to would take some of those gains. Cash in some of those chips in and then make some money. Yeah in my final five is really similar to yours Mac and the fact that. The people of their listening of work so hard to get this point and I just don't want. Anyone to jeopardize their retirement by taking too many chances and so. One common askew few questions to think of why you're driving around or whatever vision doing right now. You know number one what does money mean to you number two what's really important in your life right now. You what really matters to you at this point in time from a financial perspective is it to double your money in five years so that you can you know try to picking on the next you know stock tips and hopefully W money with the risk as of losing half of course just to make sure a 100% that you have a plan. Gotta give you a nothing coming retirement. To be able to do what it is that you wanna do and then leave some money behind. If that's the case are you a 100% confident if you want that plan. That you have a plan in place it's gonna give you nothing come for the rest of your life. That's a starting point and we wanna help you with here SC HP financial as part of building your retirement roadmap but you need to help you to help us by taking some action in picking up the phone. Spoken employment we have seven available appointments the comments a Dow that's neither Plymouth west Borough Wilbur and our Hyannis. There's no charge it will also send you complimentary copy of our book to retire road map to get their education process started. Again the number to call 802277777. C one and no obligation review and one of our office's 800. 2277777. We can book an appointment online at SP HP financial dot com. Thank you so much as always we look forward talking again next week right here in the retirement road America radio show brought to you by SHP financial this is Derek Greg our message. It talks you bought your grocery list. When most of the go to the supermarket they know the nutritional content in the cost of items they put their car. My two favorites are ice cream and revise the living on ice cream alone be pretty risky for my health in living on rib I would be pretty tough in my wallet. That's our make informed decisions and limit foods that won't put our health our budget avarice but when it comes to investments most of the couldn't tell you which ones are risky or if they're paying extra hidden fees. So if you like to know the real risk level and the ease of your investments give SH the financial call 802277777. You may be surprised to find out how much of these are actually paying. Or potentially saving thousands of dollars mean to you let SH people your financial shopping cart in order. Call now 802277777. For a complimentary wrist and the analysis. That's 802277777. Around my neck 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 SHB financial to make sure you know that not all financial advisors are the same and it's HP financial we are fiduciary 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 a big Wall Street banks or insurance company like some advisors stopped working with people that only trying to sell you annuities or. Only offer investment advice and ask it be 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 at 802277777. Or visit us at SHP financial dot com. When you're building a home and 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 at your investment portfolio. It's like having a house with no roof. At SHP financial win we Cree 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 and no obligation retirement roadmap review get a second opinion your retirement well being could depend on call 802277777. That's 802277777. Or request your appointment online and it SHP financial dot com.
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