WRKO>Audio & Video on Demand>>Rubino and Liang-Sunday December 13, 2015

Rubino and Liang-Sunday December 13, 2015

Dec 14, 2015|

Book Authur Patrick Kelly

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

Jeff Cooder Boston bulldozer now weekdays and. That's what I wanted to do you would change your current bull to change all old Donald or not that car out at night. I wanted to if I. Well they get ready to I down he's the best bet direct that he does better than I ever let Alley is half. The right place for the people of this country. Anything. What about. Jeff Carter now weekdays noon to three on WORK well the following program is a paid commercial program. Now we just don't lose the money radio shows which your host attorney Richard Rubino and Sam left. For over twenty years Rick and Sam have been broadcasting to the Boston area on how you can protect your money both legally and financially. Merchants and highly regarded and sought after god has been featured on Fox Business news and both fortune and money magazine. Now your host could just don't lose the money guy Richard reveal and sail away. Hi everyone this is same ones. And I'm Richard Levine had listened to just don't lose the money radio that's another Sunday rich and they took it Sunday. Comes around one day weeks and once a week there once we mean you are sharper today if he didn't know. Later this they've renamed the day's loss Sunday you know Sunday's a great time to be. Sort of catching up on all things that you didn't doom maybe relax a little bit but certainly it's a wonderful day. To learn a little bit more about power tools rule number one. Just don't lose them money and rule number two don't forget we'll number one we do have a special guest today in back by popular demand. We're gonna have our good friend Patrick Kelly. He's a national best selling author and agent Jordan slowly in the shop that you know I know he's written four books tax free retirement. Stress free retirement the five retirement myth Ceres. And their retirement miracle so you're a great book slow retarded want to see like with the trend this where you do about retarded or all of our retirement then that's right exactly. How sharp today you are shocked today when the books that really put him on the map where his first two books and this is one of them their retirement miracle. And this broke you know it's it's really not for everyone but more more weight getting requests from listeners. That sort of fit into this category we'll talk more about it a little bit later in the show. And it really goes sort of in the same mindset is all the things that we talk about each and every week which usually about protecting we have so we don't like to show you a little bit more about. What it is so we can too if you stay low tune for the rest of the show you absolutely. Get something out of what rich and I basically preaching do every single day which again is really helping people. Protect what they have you can check us out a little more on our website couple health sky housekeeping items on our web site. Just don't lose the money dot com we have a wonderful. And then lots of different useful tools one of a meeting Czech asylum won't Susan wanted to our good friend. We really promotes safety. And you'll be able to wash and the videos that's on the web site but also found throughout the year we have seminars so they can quickened in the summer taps you were going to be around next. Upcoming. And hopefully can join Jim then I guess what we're just pretty informally are pretty rare form of fuel so it it goes they had this sudden. Are you ready for retirement is that. Part of the summit I think we've gotten a ton of responses were explained that since there are you ready free SARS are you ready for retirement is a video you can watch on our website that really puts you in position in the driver's seat of knowing. If you're gonna be able to do contract community who can always retired there's a difference between retiring and always worrying. Or retiring and having no stress enough to worry. And if you wanna learn more about what is it can do you can check out our website run on the home page you can click under in my ready for retirement. And hopefully you are. But if you're not you really tune in store when inflation rate folks that can help you go a long way learn more about what it is again now we can do. Please log onto a website just don't lose the money. Dot com all right let's take our first question Peter from saw this right since I've been a listen for awhile and I have my own business I do pretty well. The biggest expense I have our taxes couch and I can't stand it. Is there are there any strategies that I can use to legally avoid paying more taxes well. Taxes are killer and you know this to think certain in life feared death and taxes and seems that. Taxes are getting higher and higher and higher. Especially for people who. Well especially for everybody -- the middle class with your upper class you know you're you're paying a ton. In taxes. And we've got a lot of requests like this are people who were in their own business you don't listen people in the real estate I just system I just that are very extensive. Defined benefit plan for. A very successful business owner. And one of the things that she's really worried about is just income tax she's getting some big payouts is the next few years. So if you think about somebody in the highest marginal tax bracket and you work. We're talking about taxes desist or it's on everybody's mind but if you're in the highest marginal tax brackets 39 point 6%. In the city of Massachusetts that's another five or six so. You know you're close like 50% in taxes right off the bat make a buck fifty cents goes back into goes back Uncle Sam. So there's a way you can save on some taxes. Would not be a wonderful thing well I think Patrick's book to return a miracle talks about. Taxes on retirement income getting money out on a tax free basis twenties go over what his poll numbers of book is. Awesome I read it. It was an easy way to understand that. They have rating and then some who even not put this 120 pages long. You read in the maybe three or four hours is not heavy duty reading has a lot of great examples and and things that we can we take home and and makes a new side of it. And it's entitled the retirement miracle we're really talks about heightened grow your money how you can grow your money. Pay less taxes in some cases to be set up the plane correctly you pay no taxes. And then ultimately in this example you can take out money and when you go to usually don't take it out in come tax free. Now here's the good news the good news is that not that again it's not for everybody. And be using these strategies you should really think about. Maximum 401K. I feel able to do rock tirade to Darren. But if you if you are high income earning Donald Wilson joint oil cement and do. You need the OT itself so what's the age group this would be appropriate force him you know probably. Two as young as maybe 32. Half. Mid to late thirties to mid sixties OK we recently did a case for. Women is a CPA. Husband is a very successful software engineering and combined they make like 80900000. Dollars a year so you know that's the good news or bad news is that pain. They're paying a ton of taxes. They've smacks of their 401K. I showed how they can actually set aside an additional 100000 dollars a year in savings. They do for ten years that is their goal is at the this husband wants to retire when he was about 55 years old. Total for ten years they say is they save them 100000 dollars a year times tend to milling box. And Gobi tent they'll be able to take out as a pension. From about 250000. Dollars a year. Literally for the rest of their lives I'm not paying taxes on so you know on the surface this sounds really great. But again so the full disclosures that's not for everybody right and it only works if you're able to. These sort of put all the pieces together. Four elected to riches offer Patrick's toll and Patrick's book before you can comes on without so from the next segment. His book is a wonderful tool. Do you read learn more about how you can partly follow our tools rule number one. Just don't lose the money and rule number two don't forget a normal one which is. The patients in the DNA of some of these how some of these things work. And if you like your free copy people call today 877. 630. 8787. Ask for his book the retirement miracle tell the operator you want that when you get that out you on Monday. Free of charge will even pay for the shock are shipping. And send that off to you and you will absolutely. Get some mileage on that but out of the sport it's again it's called the retirement. Miracle. In all four number is 87763087. 87. You know on our website rich. On your ire on there but I don't think people coming to see faces up pictures but. Really not mind anyway Norman and certainly not mine but on just always the money dot com. It's a website that's not gonna show you. How to get rich quickly OW money overnight but it's really gonna show you how to protect what you have in this so many different schools. In the air. That you can take advantage of to do just that apple one action true is that. Any time any you know we we don't do this every single week but from week to from time to time we feel little. Generous and our offer for next ten minutes anybody that cost if you want a retirement study to make sure that you on track to be in good shape. Call it's. Tell the operator you wouldn't like a retirement test with me Sam line. And I won't give you one all of my time free of charge. No pressure no high sales pitch what tickets sit down take a look at the know each other and sees some of the things that we we do. You can benefit from so do that 877630. 8787. That number again is 8776308787. Next let's listen Patrick Kelly himself. Hi I'm Bobby office manager for Richard Rubino and Sam lane to schedule an appointment with rich and can call me now. 8776308787. That's 877. 6308787. This is Dennis drink water fountain of giant glass we have protect families for many years by installing the best way to products along with the highest customer service when you'll wind chills busted you call giant glass and to be sure your retirements not busted. Do want to call my friend Sam lane and Richard Rubino who just don't need the money guys are real and laying Dennis rich and I've seen firsthand how giant class provides the finest quality of service for their customers. And Sam I've seen first hand myself you arithmetic in my assets both legally and financially. And create custom retirement plans for my needs we don't want the same thing in my. But custom plans to protect what we have and create a safe income stream for our lifetimes. Come office or at 101 about free seminars we can show you how to protect your home keep your principal safe and how to generate attention like income stream for life. Call 8776308787. Or visit just don't lose the money dot com. Hi this is Susan ward as a consumer advocate for my greatest concern is protecting you and that includes me telling you what not to do. We'll today I want to taste something he should do. Make sure your retirement is protected legally and invested soundly. You have to know about attorney Rick Trevino and Sam when their companies Rubino in length and their motto is just don't lose the money they have the answer is to provide financial security and protect your assets call riches and today doesn't do a free no obligation booklet entitled solving the retirement income dilemma it shows new financial vehicles that can create late fee income options that most Americans aren't even aware of they can even create joint lifetime income solutions says this is where I tell you what to do how to protect your assets and make the best of your retirement I want to have called for vetoing ruling today 8776308787. That's 8776308787. Or visit their website just don't lose the money dot com. Hi this is Susan warning I spent the better part of my career in journalism as an advocate for seniors and I am still passionate as ever about protecting our seniors that's why I agreed to work with the attorney Richard Rubino and Sam lane from revealing when it's firm that specializes in protecting your money both legally and financially. Which is sales are wonderful people family oriented and hardworking they have the same financial concerns that you and I have. Except they also have the answers they know your retirement fears and wanna help you so you don't I'll leave your money. Richard Rubino and Sam lane live by their now famous too simple rules rule number one just don't lose the money we'll number two. Don't forget rule number one. I suggest you call revealing today 8776308787. That's 8776308787. Or visit their website. Just don't lose the money dot com. Our KL I here's what's trending every morning on the boston.com. Morning show a lot. Kind of beast goes in and slaughter the people that you've just spent five years we're sitting children. Kerrigan and Jon Meterparel gets you going in the more. Another minute call to monitor Muslims I don't believe in them. You shouldn't monitor Muslims we should monitor people who are radicalized. Pre. Morning it's six and the voice of Boston. Who are KL. Hi this season morning I spent the better part of my career in journalism as a senior advocate and still. Passionate as ever about protecting you that's why I'm working with attorney Richard Rubino and Sam lane for Reno inland it just don't lose the money guys they specialize in protecting your money both legally and financially. I want you to meet with we can stand and explain your retirement goals and lay it all out there from your biggest fears your highest hopes they'll create a retirement plans so sat down if you hold the tears here you can almost hear the ocean. In fact the only edit protection you'll need in retirement is sunblock. Get started on your golden years today college exam they have free reports and books and we do free informative and fun seminars regularly 8776308787. That's 8776308787. Or visit their website just don't lose the money dot com that's 8776308787. Or just don't lose the money dot com. Comments section it's. Via a lot of guys do. CD WRKO. Hi this is Susan morning and like you to do something taking deep breath pulled down that it notes. Bill better yeah that's dress leaving your body but. I know another way to relieve stress and make sure your retirement is fully protected legally. And invest it sounds I'm working with attorney Richard Rubino and Sam laying of a veto Elaine that just don't lose the money guys which is Sam had a free no obligation that we don't want you to have it's called stress free retirement over a million copies have been sold. The book outlines dilemmas in planning for financial security and then reveals solutions for your stress free retirement the book is over 130 pages of easy to read retirement solutions. And once again. Deep breath. This time is limited a caller Beano are laying 8776308787. Or visit just don't lose the money dot com. 8776308787. You are KL. Welcome back to just don't lose the money with Sam playing an attorney Richard remain out. For the last two decades salmon rich have been helping people just like you protect their life's work by following two simple rules. Now country music superstar Martina McBride with the rule number one. Don't there's so many. And rule number two don't forget number one. We are once again it's a great day because it's always a great day when we have our good friend Patrick Kelly back in studio. National bestselling author of welcome Patrick. We're gonna do it here always great to be with here you know our Carol gorgeous jump right into business as they say get down to business. You know I have received I don't know what it is maybe it's in the moon but recently we've had some phone calls. From clients and radio listeners we guarding. Life insurance we don't talk a whole lot about life insurance and I show we talk more about you know rule number one just don't lose the money and number two. Don't forget rule number one. And different avenues of how you keep money safe but recently. They're the comments has been like life insurance a lot of people just view it as an expense almost like a necessary evil. Gotta have it if you wanna be responsible parent or a spouse. But you've taught me yes you've educated me. That life insurance. Can be a lot more special policies today. That. You don't want to die did get a benefit out of it and why you tell us a little bit more about your your your feeling on that Patrick. Absolutely and if I don't put my favorite thing to talk about that you almost don't. Yes it just you know a lot of people to the end and I've been in this business 22 years I can't help you and how troubled member people who sled to make. They are you like I'm sure as you're just gonna make so much outstretched. It's a necessary even the amateurs I mean that the comment just go water my arm up but. What that tells me is no one has ever spent the time to educate them about how. How great certain types not all but certain type so life insurance. Kim before in their future too damn bad what do you think Sam is you know I talk about the end. Maybe it first spoke whichever that come about today but talks search and that this to replay system put money that if you do it right you can. Effort to actually. Why is Muni bond I had some reason they're so loud though one bit in the interest prototype I have been great. And it's become pretty risky haven't they would go without this allows you know you're. Exactly you know that you and many of the Detroit and I know you didn't really wanna be neutral record holder million. So I don't love those but that's one possibility the possibility is that rock fire hotel UB US I would say that Iraq violated a great guest. That again and I would also add the rock or wanted to most people I know don't have those options contracts and tax law as you could put my niece of actor attacks. And then if you want to. It grows. Actually I wouldn't want to accept that later boast the contributions. And the gain. You can get. Actually she wouldn't actually look but yeah absolutely. So great. Oh well we'll look at what other caveat go to the problem there's a problem with truck say that it. Higher income earners they're listeners they're tired of whether they know this or checked well good I'm good I'm glad that available I can get or because I make too much money yep yep and so this option. Fortunately in the US for an America and the is certain types of life insurance. And it's high level shareholders say you can create. Through life insurance. Products that are. Are you hear that. A slam if you will strategy. It's not Iraq are good. It works and asks a lot like Iraq I Iraq connected to look as good benefit that is still gonna obviously payout by like most like interest and I would be great for us to talk about. How does that work how can they do it how does that benefit those especially those who don't have the ability to do Iraq. And that I could just jumper real quick greens are set the stage when you and I first met probably five years ago. And then in 2012. You and I had lunch we had this really candid discussion about you know your finances my finances what are we doing to provide for our future and our families. And at that moment. I actually bought. In an A what they call an indexed universal life policy in 2012100. Million dollar policy I'm now fifty. I've put in probably maybe a 150000. Dollars in my own money in their. And into that contract but it is worth maybe 200000. Dollars and I can take that money go and pay no income taxes. I think it's like the greatest thing since sliced bread so can we talk about that a bit. So little like and that's really if someone to structure in life insurance properly. And you can actually a good news. I miss that part 45 years on the road full time. Trying new advisors and the unfortunately. Most advisors even ones who did the business so long time. They really don't understand the full benefit of their own product unlike you and so. Just think it is if you look at what someone there in US others who it was someone to understand just like you deal. You can give you quite a tremendous that's true future taxation against future exploration. Or. All know how to do probably in part is easy it's quick you just tell. The more how to do it properly in the first question salmon or pretend you're caught my one question let out. Every car or get in the discussion this campaign do you think in the future task traits are going to be higher or lower than they are today. I know say yes I think they will be I mean how can they knock you with what we know what nineteen trillion dollars and that they have to. And a couple of really need that. Morse spend less we know we can get a grip on spending so. Right now you know other to the recent presidential debate they talk about your volume a billion dollars a bit. What's gonna like crazy it would got a lot of attention as an epic action at a 100% of the currently this sucks no one's ever said last month tumbled and so I was just there. But people believe it's going to be how the show from this if taxes are gonna be higher in the future. Does that makes sense to take action now. A lower rate than it would be a pig cat who later at a higher rate. I absolutely. Firstly I mean education until you got my periodically air you know a lot of people use this whole week really know they'll say. Polio and make less later saw how albeit a lower tax bracket first of all not necessarily true. Second of all is planning to be in the lowering come it and let it could stretch out the fringe I want to spend more because I want to be broke. Yeah. That would say bill life insurance. Works. Similar to Iraq rather well you cannot get this a definite benefit we wanna keep their part senate election. If you utilize that our policy properly loaded you're buying a policy measures what the amount I. The case what's the minimum about you do it all law. They're true it in this type of universal life product they're chew them out you competitors the minimum amount that they had. Company says you. The podium could be able to provide that spark even make it work but then there's another amount you pay much greater amount. Sometimes it might just three times as much and that's. The maximum amount that you are. That says you're allowed to put it took us like I'm meant to send people. One of the yeah I mean critics any time that the fire except for maximum. On what you can put in the subject it's huge because it's a good deal. Are you looking maximum some 401 k.s maximum IRAs maximum. IRAs. It's because is too good. Just briefly there are we out on top and how. How is it. Actually do we have time to do that yeah a couple of months back I don't keep this level again actually right now I'd say if someone special a minute talk about now all of this is alive book. Our retirement miracle and I learned this shall I know you have those loans are going to be willing to give if you lose weight and they'll just. Pushed my I'm so retirement miracle is. A book that you can get today and you're going our website just don't lose the money dot com. We'll give us call at 8776308787. We'll make sure that you get your free copy of the retirement miracle so we got a minute left before it to go to break Patrick what do you think it is one the most crucial things about this book. I probably won't open their eyes to it that a lot of what they've learned through their years of listening to the TV and other people is that necessarily the full truth. There may be tempted true true true. But the real treat and let's say this for some of them can really educated decision for the money for the future. You know the whole truth so they can make. The best decision could have. I agree I totally agree and I think that goes a long way with almost every decision. That you wanna make so one of the things that I think people tune into our show on a weekly basis is too. I understand. Get the good the bad and the ugly in the whole truth so Patrick we wanna say thank you again for joining us if you want Patrick's book. Again you can do it one situation log onto a website that just don't lose the money dot com or give a call 2877. 6308787. Patrick thanks for being warned us don't go anywhere we'll be right back with just don't lose the money radio. And you're taking the first step to a sound financial retirement this is just don't lose the money radio feel free to visit us at just don't lose that money dot com. Listen Donald. How Muslims entering the United States learn how I'm doing this chance because I want big interest from. Talk weekend of course world trade centers anymore and we wish you well I have in the future the candidates DP shoes. It's about time we heard it's the truth is. The voice of Boston. We weren't kidding no elections when he sixteen your power play completely insurance to complete can show you save completely. Dot com. Hi this is Susan warning I spent the better part of my career in journalism as an advocate for seniors and I am still passionate as ever about protecting our seniors that's why I agreed to work with the attorney Richard Rubino and Sam lane from revealing what the firm that specializes in protecting your money both legally and financially. Which is sales are wonderful people family oriented and hardworking they have the same financial concerns that you and I haven't. Except they also have the answers they know your retirement fears and wanna help you so you don't I'll leave your money. Which it would be known Sam lane live by their now famous too simple rules rule number one just don't lose the money we're number two. Don't forget rule number one. I suggest you call revealing today 8776308787. That's 8776308787. Or visit their website. Just don't lose the money dot com. This is Dennis drink water fountain of giant glass we have protect families from many years by installing the best way to parlors along with the highest customer service when you'll wind chills busted you called giant glass and to be sure your time it's not busted. Do want to call my friend Sam Wang and Richard Rubino. Just don't need the money guys are real and lane and Denis Richard I've seen firsthand how giant class provides the finest quality of service for their customers. And Sam I've seen first hand myself how you arithmetic in my assets both legally and financially. And create custom retirement plans for my needs we don't want the same thing in my. But custom plans to protect what we have and create a safe income stream for our lifetime. Come no office or at 101 about free seminars we can show you how to protect your home keep your principal safe and how to generate attention like income stream for life. Call 8776308787. Or visit just don't lose the money dot com. RKL. Hi I'm Susan Warren if you're listening to two of the cutest guys in finance radio and I know cute. But prince Richard Rubino is Elena Rubino and blame the firm that specializes. Protecting your money both legally and financially. Stay tuned for more informative radio just don't lose the money dot com. Just don't lose the money I'm Sam line I'm Richard Rubino welcome back to our show welcome back that says welcome back cut it down like that song a thousand great show good song Bob Reno and by the way those setup for used to do the same sad yet so what was kind of Patrick's I don't -- I mean listen Patrick is the real deal you know you Rhode. He wrote these books any really. Pledge gets it. And particularly when it comes to like following or. Rules that would have Mosul those beavers well rule number one just don't lose the money to a number of total figure we're number one but it's all about taxes imagine if you could take out money from an account. That you built up over ten year period of time and you don't have to pay any. Taxes on doing this myself right when I when these younger folks. And down when their forties asks me to run some numbers from them. An imminent floored me. It was so good. That I've and you know I I'm a pretty decent savers so I don't know I can save any more money but if there's a way that I could get tax free money out for the rest of my life. Why would not consider it. Well you're in that your NetSuite zoning thing and I think that you know when I look back basis well maybe I should have done something like this but a lot of the tools. That are available now weren't available there weren't there 1020 years ago they need new products that are out there it really make this work and take a lot of the risk. Out of these. At a decent URL looks back at some of those life insurance contracts that you can put money in. Getting cum tax free out in ourselves sounds good but when you look at some of those returns. You know you had appears it down years the reality is that inside some of these strategies that you can put money into today. You might earn less so as an example. And 1997. Yes and she's so Steve you know this question Mitchell in 1997. What do you think the S&P went up by. In 1997. A signal that our army percent to one there was actually close at thirty so 31% close so in the insurance policy. If you have this strategy. You were burned twelve and half few Warner burned 31 earned twelve but. You're more comfortable gold is down here he did well on your eyes how how well Don you that everybody remembers or 2008. Yes and she went down to thirty and 35 yeah okay. My clients myself for anybody that women do use in the strategy wouldn't have made any money but you wouldn't just gonna pick cut Goosen. So effective you look back in the last ten years. In 2008 you have been flattened 2011 you would have been flat in 2001. Set of losing 13% UB flat. In 2002 sort of losing 23%. UB flat tires so the bottom line is that. The participation. In that index the S&P index is only on the upside. And not on the downside yet can't lose any thank you need to get some of the upside not all of you have every day it was her picture perfect you know when workers well. But we all know in in life in reality it's not always up up up on a going away. There are ups and down sort of look at the last ten year average of the actual S&P which is which would. The above five point 4%. In our strategy will weigh which are actually earn seven point 91% because she took out all the zero these totals are all really that simple he just got all losses which really that's right you know so again we will train our losses if you trade losses for zeros. You wait until. Yup I mean look look at down. I don't know. Look at sports Emmy award what wins defense not offense offense gets all the glory but maybe if you dig deep. It's always the gains that with a big gains it's always one on do you feel this is if you punt as opposed to an interception. That's which star who could pay for your free copy of Patrick's book. The retirement miracle again I'll phone numbers 8776308787. We have. I would say ton supply but we have a fair amount of wrote books so we like to share with no we don't charge Patrick Wilson tomorrow guys could not guarantee that the retirement miracle by Patrick. Kelly national bestselling author. Of the tax free retirement. I DNN. Please give you a free copy 8776308787. Iron onto the gonzo wouldn't elaborate much to this question to you dawn in June from Saudi shorts and diligence and my wife and I have put our money Bruce's over the last forty years. We have three children who have helped us run the business we just found out that our state tax bill could be over five doomed on the outs and we both died. We certainly don't want I shall not the sole building or even to just to pay for the estate tax bill. Someone suggested I should buy some life insurance and never believed them life insurance. I think come to a woeful life insurance. But what are you guys slept well wolf first vote no labor insurance is not a religion you don't you don't leave finished or not believing they are gonna have to understand is that they understand that you just have to understand and you know people and real estate Sam Farr. People who understand how. You buy stuff. OK so you give an example I tell you why don't you see a building down the block and when you buy an ostrich did you pay cash for the whole thing no no I don't think too many people I know pay Kashmir. We'll say so if you're in the commercial real estate business and you wanna buy two million dollar building. Sorry to pay for thing. Two million bucks cash or you might put some money down a mile and a half a million bucks you go to the bank is say look he's a great place we are positive cash flow eccentric sat truck. But you borrow a million and a half. If you own it you know ten years later can you in pain on them by a tune of 650000. Dollars a year. Same idea Winnick and have to watch your own the building without debt perfect semi dual life insurance life insurance is really. Not for everybody if you have an obligation 20s30s 40s like myself am fifty I have. I'm a once in a lot but. A pretty big number and certainly worth more dead and I am alive. But I have life insurance as I have obligations they've college tuitions you know morning's hopefully in some data pay for. Little bit of mortgage left I have a wife that I take care of kids and take care. Well let's assume they would this guy he has obligations he is a five million dollar tax benefits and obligation quote is save some propose life insurance today and chances are they said. And I just use some rough numbers off the top my head. He probably has maybe fifteen million dollars worth of real estate. That's. Worth fifteen million bucks but it's not liquid fifty grand in dollars so he dies. His family's Khatami has cash flow and that French and stuff yeah but when he dies uncle Sam's and say look you know it's great and dandy but. You know you almost five million bucks went missing and or so building two. So with some of those who was somewhat positive cash flow. Maybe turnaround. Chances are with the has been widely viewed by survivorship policy and that it would tickle second dive policy yet they don't pay up insurance company doesn't pale to pull people die let's let taxpayers do. So but on that note they can underwrite and a little bit better. Now they can its its pretty cost effective mean. You look at somebody probably in their say early seventy's. They can probably get for maybe 30000 dollars a year. The ten years so total I'll wait say that mortgage 30000 those years the mortgage payments what I did for ten years since. You get a million dollars of life insurance income tax free. So you do you maybe if you multiply those numbers by maybe five times that's how you create five million dollar pocket money. Income tax free. Took pay for the attacks now that's coupled with the legal strategy because you don't wanna own that life insurance if you own a life insurance. He beat comes part of your states he would set up. What they call an island day life insurance trust which is an irrevocable trust. You give the premium money into that trust the trustee pays a premium for. Do you church listens on this away it is a 100% tax we're sounds pretty complicated but in reality it's not. And serves clearly. There's a difference between doing it the right way. And the wrong way which is what richest alluding to you can own trust you can own individually. So if some of these things that we're talking about makes some sense you couple things she can do. Please log onto a website just don't lose the money dot com we encourage you even if it's nothing get a good chuckle out of some things are. Rich you are able to do we have some cool. Kind of you know kind of cool videos that chicken so. I'm but the important thing is we had a very special national bestselling author Patrick Kelly on our show today. And he's offering his book to you. Free of charge ticket upon. Give a call 877630. 8787. Ask for his book the retirement miracle. We'll make sure that we get it out to you within the next 48 hours again 877. 630. 8787. Ass for. Retirement miracle in log on tour website just don't lose the money dot com to get more information and some very useful tools. That you can use in preparing. For your own retirement. So next we're gonna talk about strategies. Using life insurance. Hi somebody office manager Caribbean island lane I know reasons and schedule better than I know my own. Then their calendars getting full. If you'd like to meet with rich and Sam coming out a pleasure with the head of the line but promised not to tell 8776308787. You call I'll answer. It's 776308787. Top tier presidential candidates for Iran. That's come out loud and clear Japanese data show with your listeners said that you show is fantastic for what do articles and spent but you show you have great listeners and team spirit which your listeners are sure. Elections when he sixteen is powered by complaints G insurance it took place TV show so you saved plenty dot com obviously can't talk radio we know you're speaking the truth consumer reports weekdays industry up on the voice of files. WR KL up. Hi this is Susan ward it as a consumer advocate my greatest concern is protecting youth and that includes me telling you what not to. To do well today I want to taste something he should do. Make sure your retirement is protected legally and invested soundly. You have to know about attorney Rick Trevino and Sam won their company is -- in length and their motto is just don't lose the money they have the answers to provide financial security and protect your assets call riches and today doesn't do a free no obligation booklet entitled solving the retirement income dilemma it shows new financial vehicles that can create life in come -- options that most Americans aren't even aware of they can't even create joint lifetime income solutions to this is where I tell you what to do how to protect your assets and make the best of your retirement I want to have called would be you know England today 8776308787. That's 8776308787. Or visit their website just don't lose the money dot com. You are KL. Welcome back to just don't lose the money with Sam playing an attorney Richard remain out special guests on the show Frank Luntz thanks Sam I love the name of your show. Just don't lose the money that you are as it all right but that's how people feel that they're nervous that it's because of the economic conditions that exist today they actually could lose their retirement nest egg and that's where people if you are so important. Now but I did just don't lose the money went Sam or Lang an attorney Richard Rubino. Just. Don't lose the money on Sam Richard Levine thank you so much for joining us wonderful weekend it's Sunday. Has rich said early in the show conjure want to week comes conference we talk. That's pretty. That's funny but you know it's actually true so pales in the jokes in as always I'm not many young men but you know I try and saw Joseph sing for us who just OK so. How listeners and chances are if you listen you know a little bit about what it is that we do. If your tune in for the first time and not quite sure. Now who are these guys. Well we're two guys that are not here to help you get rich I would all have that magic wand we don't know. You know the right thing to put your money into so you get rich overnight but we certainly know how to protect. We have we can we have schools we have strategies for the door for 25 years so we know how to help you follow all tools rule number one. Just don't Bustamante and we're number two don't forget we're number one you know those strategies is I talked about the last segment. Involve money stuff involved insurance stuff may be involved legal stuff all of those things combined. Hope you follow those two rules and everything that we touch. Make sure that there is more money in your pocket your family's pocket. Then in the government's product that's that's perfect way to put it Richard you know we do it a little bit different than a lot of other folks us on the radio when I was some of some of the guys and gals. That are in the money business and then in the Greater Boston area a lot of mud greater what they do but we do it differently because under one roof. Which can help you with his legal strategy so you know whats the difference between this trust and that trust. Well maybe I just have well judges can update you will to a need to trust we implement and incorporate all that stuff. Into the money part which everybody can do. But under one roof you can get both loosens done I think that's very. Very valuable very very well you morneau learn more about what it is that we do just log onto just don't lose the money dot com. And now for more information and also we can call today for our giveaway the retirement miracle. By the national best selling. Author Patrick Kelly who just happen hawk had on the show. And he's written this book the retirement miracle. You won't share that with you knew for certain people it's a great great strategy Samper church I view some of the strategies and yes you know I believe and it. I use it and I know that someday when I retire I'll be so happy that I use some of your strategy so for your free copy of the retirement miracle. 877630. 8787. So you woman who read this question Sam yeah please I'd let. And Barbara from Newton right dear rich and Sam. We're just reviewing all our new insurance that we have to. House car boat and life insurance. We haven't bowled life insurance policy that has about 200000 dollars in cash value. And the death benefit of 300000. We're thinking of canceling it because we don't. Really feel we need life insurance any longer we really need to long term care insurance what do you think. Well you know one thing is that. You're real insurance. Is a 100000 dollars of cash if you pass away you get to get 300000 dollars but. To us what is yours you know so. Zillow saw the net amount of your skills and also there could be attacks on that can gain on that 200000 dollars. But if you just took it out. If you just cancel your policy so you know one thing in life is that at certain important life. You need a death benefit if you die you have no money in that you need money to be kids and your wife and everything. And different point in life you need a living benefit. So they need for insurance is just changed sand and we had to. Does enrich you know we recognize that's part of what what it is that. We do each and every day we look at a person's situation. We identify the problems from time to time we meet people actually have done everything they don't have any problems and it's wonderful to meet them but. There's an everybody's got a problem. I guess Spiegel small right hopefully this small not big. But one of the problems. That we see people. In in just like in the situation they probably done all the right things. They have paid off holiday notes on it deaths college kids are you art college are married and they're saying how are not seventies. We're not worried about. Having a life insurance and longer but you know all my best my best man at the wedding just recently went to a nursing home and I don't wanna end up. Like them and lose all my money so our protect my soles from proof protect ourselves in the nursing home. So Richmond and throw a side try to solve assign that campaign so twenty years ago. She's so I can remember that tiger remember you Tony years ago put a much different shoes did you have. If you had a cellphone now that's cellphone doesn't look like the public iPhone that you won't today now I have ever RAZR phone thank. What about every point twentieth you are you probably have more cup brick overheard Barbara Quebec to turn a second okay but you know got ten years ago you had a razor are hopeful. Today. You have something entirely different Joseph makes a phone call. But it it also can check the weather as account cool it on as a calendar on it. As an alarm on it he'd go on the Internet and do you know shopping. Ten years ago you couldn't do Massa was just have to do with this guy's question while the life insurance contracts today some of them have what they called living benefits there which basically. Ten can do double duty as a long term care policies and show you how about that in this case. What these people might consider doing so they have a 300000 all life insurance policy. Of which 200000 dollars of cash out these really their money. They've determined that they don't really think they need the insurance and longer but they do need long term care. So one thing you can do which you can do internal exchange. What the color 1035. X that's the fancy term needs and that's true. That's it and yet it's our diary roll over her you roll over from old insurance to new insurance use that to 1000 dollars pay no. Income taxes on that. Put into a policy. That has no further premiums you put in the 200 grand that's that you don't have to within cancel the second policies to get in 2000 back yet but you don't have any further premiums going forward okay boat the nice thing about that 200000 dollars and we're just -- one the other day. Sixty year old woman. She put in 200000 dollars and she got a boat. 350000. Loss of life insurance benefit okay but more importantly she got about 700000. Dollars with a long term care benefits. So 700 grand divided by safe for years it's give or take about a 150 grand a year. That she can use. If she could not perform. And generally speaking it's like the two out of six. Activities of daily can leave yourself you can't feed yourself you can transfer things like exactly though we able to do was. And a one time you know no further pre means it's not like five grand a year for the rest of my life a type of stuff. She can put the money in and won't. Presto problem solved. I gotta get approved for that moment. Susan Boyle actually come out ahead and and probably Sam I think that a lot of these mortality tables have changed that's why F insurance is cheaper now. Believe it or not you're actually right life insurance is cheaper now age to age compared to say ten years ago. The person that seventy detainees unless we had this policy twenty years now so it's a wonderful things and we sent something to look at something and explore and see them make some sense. If you're listening in the situation room that sounds just like me. Give me call I'll see if I can help you 877. 630. 8787. You could tell the operator actually you want a free consultation with these same line. 8776308787. Or go online that just don't lose the money dot com for more information. Very useful retirement planning tools that you can axis right on the web site we incursion do so. Hang right here don't go anywhere we'll be right back. Just lose the money radio will be right back. If you have questions I would like to schedule a no obligation meeting with attorney Richard reveal our Sam Wang please give our officer Paul has 6176308787. Or visit just don't use the money dot com. You didn't hear a word confidence in the media is at an all time low. This is orwellian big constitution that ignored you or civil liberties will be crushed. Fight back with the current report on weekdays noon to three on the poison Boston's WRK you know how you can find good news anywhere this is where you'll be. Hurt WR KL. Ever wonder how riches and get all their work done they start by calling me I'm Bobby office manager average you know life. Secure your financial future of the same way by calling me you call I'll answer it's 8776308787. 8776308787. Just don't lose some money on sale while I'm Richard Rubin thanks so much for joining us this weekend. Correction I was dedicated the last 25 years through helping our clients. Follow these two rules rule number one. Just don't lose the mine rule number two don't forget we'll know more and always. Get more information about what it is that we do. Maybe it's something that we can do that would help your situation. At our website our website address is just don't lose the money. Dot com. You can explore a little bit you can put them in the summer tab and maybe. Will be haven't workshop nearby in the upcoming months and if you like join us you can always are CP but most importantly on the web site. The tools to help you determine if you need a tsunami if you need us pay which the phone call away so thanks everybody for listening on what set against just don't. Who's the moon dot com. Saying goodbye and I'm semi Richard will be wonderful weekend. The information on this program is not intended to provide legal accounting tax or investment advice and is not intended to constitute an offer to sell or serve as solicitation any connection with the product security or surface this program is a service of repeal of the leg LLC of Newton Massachusetts not affiliates or owned by any financial company revealing LLC Sam's flag and return for Reno or not investment advisors nor richest criticized for full disclosure please refer to their website just don't lose the money dot com. The preceding program has been paid commercial program.