Jul 2, 2016|
Derek Gregoire, Keith Ellis and Matthew Peck, CFP® empower today's retirees and pre-retirees to help them make better financial decisions for their future.
Transcript - Not for consumer use. Robot overlords only. Will not be accurate.
No statements made during the retirement roadmap radio show shall constitute tax legal or accounting advice he should consult your own legal or tax professional and any such matters information presented this for educational purposes only and does not intend to make an offer or solicitation for the sale -- 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 here and Matthew taxi FB Eric Gregg warranty tell us a message be financial or licensed to offer investment advisory services through SHB wealth management LLC a registered investment advisor offices in Woburn west Borough and Hyannis our offices of convenience and only used for client meetings. George to do this HP financial retirement road map show we do your host Gerri great warranty journalists and Matthew today. They know that the road to a successful retirement is made with consistent care and 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. Eric's been recognized by Boston magazine as one of their top wealth advisors and together with the key 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 and retirement their phone lines are always open at 802277. B 777. So give them a call them find your retirement roadmap port visit them all mind that as HP financial dud job. Now sit back. Grab a pen and start your engines here's Derrick Max and cheat. Welcome everyone to another weekend edition of the retirement roadmap radio show brought to you by SC HP financial com Derek Greg are joined by Keith Ellison Matthew packed. In today's there's going to be a lot of both what drags it means to you what the volatility means to you in your portfolio. You were also gonna get into three crucial tips to help in times of volatility in there again we're tot mom drags him but especially hollow relates to you. And how going forward you can plan accordingly in three crucial tips or you can take home. In learn from and hopefully build around to make sure that this volatility doesn't have the same effect on you going forward. So that being said tee to Matt Hauser on doing this morning. This afternoon evening whenever we are. The dual wonderful to certainly want to you know little wishing a happy fourth of July and everyone and is well NATO but and also I just have to say in my joke is the fact that. You know we we had our own for exit about. You know 300 years ago from from England so does it this is also. The most recent exit but also celebrating ever exit however many years ago here that's very timely manner they can thank you because Tony's when he Joseph sometimes it's. Keith Haring don't lie and you had a birthday in the famine last week. Yes he has offline it's really hard to believe that you know my son Trey Keith if there it is party three years old my wife and I are descendants we're looking down play in the yard him in among those some need him. It's a holy mackerel you know we as time go you know and I mean yeah it's just really hits you at certain points. When you actually sit down and reflect. And think wow you know I remember. But he was yesterday take him home from the hospital the they nearly are now seriously it's like wow I just I'm still. Shocked and so many clients Tommy just goes by faster and faster as they get older and and mean you are saying it was trays birthday I was the most in tears as this weekend that I woke up yesterday morning outside last night and woke up my son come down. In watching baseball whatever of Tulsa next mimic couched my eldest son Paxton. He's seven and I went to pick him up off the couch to bring up to that. In Mike. I picked them up puts his I was around him but he's his legs like almost hitting the floor and a comedy UK housing is this in house we almost had a moment as a carrot stairs and when this is gone my way too fast. So I again want clients have shared a similar experiences with us but you know that's important to us Sufi reach Syrian. Anyways as much as it pertains to your retirement are great are lost here SHP financial. Is to build a full plan a holistic plan for you and our clients. Basically begins a building an income planned been having an investment plan which we'll talk tomorrow during today's show. Having a tax plan. The health care plan and found me a legacy plan for what's left behind. In each area so important and I think having a plan can certainly avoid in times of volatility who're gonna give three important kind of an Aussie secret tips we're gonna open up our company to you in hopefully can learn from from making better decisions going forward. So this volatility doesn't affect you as much hop the answer the question we're gonna ask his. Why do we have so few calls we've obviously been doing this for a long time we've been doing this for since 2003 we started this company. In why obviously a lot of our clients have investments for the spoke. Without bragging or sounding arrogant we we wanna help share why we have so few calls. In times like this in you know where we're lucky enough to have this company were blessed to have a company for this long and we're not we we've been done okay over the years our passions horrible helping as many people as we can. As much as it is about building a company we're obviously for profit. But we mean the process reflect who help people so much over the years and we wanna continue to do that. Especially from where you are right now so many clients come in and we know we can help the most so much. In it that's my that's the best feeling in this business is taking someone from coming in not knowing where they stand. Showing them exactly where they stand in building a plan according to the needs and wishes so. That's already get into today the first and foremost somebody you map. Greg's Q what's a quick definition and how does it not enough is not it's not that it's like in the dictionary but what does it mean what does it mean the people. Listen people to serve no one knows the history behind is the fact that the bricks it was a referendum on whether or not Britain know the UK should stay in the European Union. Which is the world's biggest marketplace. So they had free trade agreements and they. Where although the Davis have a currency that they were part of that which means that they were part of the rules on immigration and things like that. And similar to what's happening in America we know forces of nationalism and populism have. Have won the day here is a very close vote but they won the day is so now. UK's now exiting and exiting the U. In which means that they have to negotiate new trade. Contracts they have to do we know how how vindictive will the European Union be anymore they punish Britain for exiting. And so. All of this leads to uncertainty in a same idea David Cameron to imagine like the president just halfway there was a demo you know he's resigned media as he goes up probably should. So you get the idea that. The word of the day is uncertainty all this breaks and everything that I just said. Adds up to uncertainty in the markets do not like that one bit so as we've seen over the past week yourself. So it gives you an idea of all in the back a little bit Derrick would also is frustrating is that. People you know sometimes have there work with financial planners like oh how come we didn't see this coming from. It's like no one knew how the vote was gonna go alone and it came down to the wily midnight you know he's seen so green straight out of the you know he's no it was actually fantastic to went normally apart as a starter and they get this thing Louis and do popping in on Friday morning when the when the Meyer when them the futures were down 500 points that's when you sell a million. So it it led to a lot of volatility of course. And then you know obviously the the that the impetus for the show which is a show tell people hey hey this is how whether it's whether to bricks at school or whatever future. Political or economic or international event it is. He'll be the the story made via be different but they end results the same which is to have a plan and to make sure that you have that you know where you are as you were saying earlier there. We expect as part of our investment planning process and we're gonna get into this but given income plan. We expect some of the investments to be volatile over time you don't put all your money one category of all your money just investments because. That's and you take the biggest hit during this timeframe in were always gonna remember you know how many years of me doing radio 67 years. And how many things we talked about from 2008. To Greece. To reach a bowl virus to Zeke a bazooka unions say these things are confused that's there's always something that. Can damage to market but we always look at the fundamentals. Granted a compass small companies in the US that stock drops. As a result of the stuff that almost has no meaning. To what they're doing. More in everything to as the fact that with a good plan a mobile sort of share the video three main ingredients to a good plan. Is the idea that he not selling during this time money base of the worst thing you can do is sell when the markets off you know 56%. In a week. Once you sell you lock in the losses tactically for everyone is writing this out they have not officially lost you only lose when you overreact and sell. And by having a plan that may see a whole lot less likely. To do that I mean we just went through this in January that we saw the market recover hole and at various times ago. Is Ohio mrs. almost hit its all time high. Now we're having a retraction because of the Brecht says so. That during that time period. In January not a lot of people policy and sell sell sell because they have a plan in place that they know. How their money's coming to them year after year they know what did this pot of money for that part of monies point how we break it out. For them but remember folks we just went through this the end December January August of last year these things happen. Yes and again the whole concept Syria this year three. Crucial tips to help in times of volatility athletes you know the next couple segments in a really learn a lot about who we are why we do we do and how we're able to impact. So many folks listening like yourself over the years. So again we're gonna Taiwanese to during the show or take a real strong. Look at your situation do you know exactly higher invested steal your risk tolerance have you had these conversations to be happening come plan. We're gonna welcome we need appointments available only over the next two weeks so welcome to call end. Come sit down for no obligation consultation C would have plan would look like the more importantly. Get your portfolio analyzed from a risk tolerance in a cost standpoint. Number to do so is 802277777. 802277777. But SHP financial dot com. After the break tip number one to help in times of volatility during the spreads situation you're listening to the retirement remember radio show your map to financial freedom brought to you by SHP financial. America. You're listening to us HP financial retirement road map show your guide to a successful retirement. The phone lines are always open at 1802277777. Stick around the guys will be right. This is Matthew pack co-founder of SHP financial. Today we CO investment can road base an event here in around the world but there's no doubt that people with better plants will be far less affected. So here are Ford don'ts about investing in times like these don't panic. Don't get hung up on the talk of a correction. Don't think anyone knows what will happen next in don't be complacent. And here's your one do. Call us each. Especially if you're at or near retirement. Our team specializes in retirement planning looking guy Jeter manager risk no matter what's around the corner. Call us at 802277777. Our team will review your retirement plan in about an hour. It's quick it's easy it just might add years of income to your retirement. Give us a call at 802277777. Or visit us at SHP financial dot com. And expensive mistakes are often made with real contrast most of which are easily avoided by working with assets a lot offices and McManus estate planning I'm attorney McManus. With proper planning you can greatly reduce exposures to a state tax. Unnecessary fees in probate court entanglement. Special protections can be built into your state plan. To those with special needs or for children to protect them from losing their inheritance to an unexpected lawsuit divorce or creditors. All of these issues can be addressed with proper legal counsel to attorney McManus and his staff asked a lot after Susan McManus estate planning. Who lives in tax regulations often change so don't like to years past since your last estate planning review. When was the last time you met with the experience estate planning attorney to discuss your situation. I McManus estate planning on mine at Cape Cod estate planning dot com or dial 50877888. Tie fact. If you're in or close to retirement are you sure your money will last the rest of your life I'm Derek require co-founder of SHP financial. So many times clients first come to us for the retirement portfolio but no plan on how to safely withdraw those assets and protect themselves from running out of money later in life. And SHB financial we take each client to our retirement roadmap process. Focusing on five critical areas of your retirement income investments taxes healthcare and legacy. Our process is simple and easy to understand. Once you ability to customize roadmap we don't stop there. Review your plane annually to make sure you stay on tracks that you can enjoy your retirement years. If you have a portfolio but no plan called today for our complimentary consultation with the SEP financial team member. There's no cost no obligation call 80227. 7777. With a offices in Plymouth west are Woburn enhanced that's a 102277. 777. Her on the web SHP financial dot com. Your June US HP financials retirement road map show where you're route to a successful retirement again. Call BS HB team anytime at 1802277777. Or visit them online at SHB financial dot com now here's your host Gerri great well. She's jealous that they were talking about what breaks it means to you what this volatility means to you. But more importantly three crucial planning tips to help. In times of volatility we're gonna X this is by the way if it when this recovers in the market recovers. Cuba and forget about it everywhere and it's something else happened 3456. Months down the road and the market recover and to see me keep on happening so. How do you have a plan to be comfortable or us as comfortably as you can be in times of volatility. In so step number one. Is for a pretty. You know what. Well known our concept of people most most people follow. But too many people don't and some people trying to over think this. And that's really making sure. Then you have enough cash you have enough cash on hand for emergency. You have enough cash in hand to cover yourself for a certain period of time you know start review Matt you know you see a lot of clients you see a lot of folks in this radio station. What do most people kind of normally have a law in cash is easy too much too little. Bulldozing Jeremy moved for first for sizzler review basically the rule of thought everyone talks about how much how much cash she needs you have almost. I mean we're in in meeting here to a little bit and then we see people can now on the but on different sides of it. But the idea is to have anywhere from three months to six months worth of your expenses in cash. The reason why the C 36 months is for a lack for loss of job. Keen on the idea that if you werder if you were gonna to get fired get laid off for whatever it is. You have three to six months now other expenses fully covered today and finds a new job in that time span. In fact so let's gonna build the logic behind having at least 36 months worth of cash. In you or in your savings account at all times for a loss of job there or whatever it may be. Now you build on that because now we talked about things like him no emergencies above and beyond getting laid off or if you're expecting to make renovations or travel. It was interesting I declined to the you know a couple weeks ago he he is he was adamant about five years. His thing was that he won to have five years' worth having come under it in cash at all times because for him it was financial freedom. To have that amount at then mama I'm amount of money in cash. But most importantly because of what to divert to tie it back to bricks and everything else. It also means that you're not sell and wind market volatility hits so you have that cache buffer to then you know it Phil and you fill any expenses or any income gap during that time so you're not overreacting earlier certainly less prone to overreact when stuff like this hits the fan. The emirate against the more you know in my opinion even more important. Planning tips we have to start with a foundation so we're building a plan. We're talking about three crucial tips in the first step is to just make sure you have enough in cash also would have presents Keith. Is buying opportunities. I was actually proud of some of our clients who called. Him what do they say you know I think I think we got like three or four calls and into a home where saying what. Who I was reaching out to clients that had that I knew you know looking in their portfolios saying hey look we have some cash in place here. Do we want it to the market now do we wanna wait for next week to see if this continues. So we had you know the idea is okay if you have 3400 draining cash. Mean you've put a little bit in you know. Present a client had 400 in cash for Lebanon last Friday piper a little bit more and on Tuesday and then see how it goes from there. There we don't jump and not all at one period of time. And I think one of the biggest mistakes people make. Is insulating themselves from risk you know and mean maybe they have everything in cash. Well in times like this if you plan on going into the market that's great. But just people that have had money in cash and so weak you know just sitting near lake large sums of cash. In their happy without because they can sleep at night it's safe. There have to worry about it. However they're losing money. To the cost of inflation their Lou they're there when I called losing money safely into meat that's almost the worst position to be because you know a year earlier happy now. He retired U 65 years old all your money safe. Bring your money's not keeping up the cost of living so that's just ruining. The longevity of your overall portfolio it's a big huge mistake in my pin. In NASA is a saint to kind of go back to point and I was making about the but the six months and talking about travel and renovation to mean. Once I go through all those areas and then have the idea of having cash on hand for buying in. There should be a limit to how much cash mean you need to have it. But there's a real limit as to how much it is because inflation is justices sort of insidious is as market volatility just don't see it days ahead. So right is so when you're working obviously six months is a good thing 36 months of incomes a good target to have on the side. In cash and then is also when you retired so you know we sit down and though the plan everyone has different amounts of money whether it's. 200000 there 50000 are millionaires twenty million Luis you know we see all different sizes shapes and forms. In billed accordingly both as someone has a million dollars in total cash investments. 41 Keizai areas to get a million dollars in vegetable assets. I would see the norm to norm for our clients would be probably nasty thief hit fifty to a hundred grand range. Of money set deciding cast nets for a couple different things for maybe they wanna if they wanna have something that they can get their hands on quickly. If they have a leaky roof for if they need to buy new car or you wanna take that extra trip. Or whatever it is they wanna do for some I'm just to have money to buy into the market at a time we can never time the market perfectly but sometimes it just wanna find a big dropping get some more money that your so it's important to make you have. Bottom line is whether you're working. Whether you're retired critical step number one is make sure you have cash on hand to either cover your expenses from from loss of job. Or especially if you're retired to cover that area where you might need it's a buffer in case things. Don't happen while with the palace property repairs things like that bush and Erica that's reason why do we we sometimes on our our different commercials and things like that mentioned 250000. And above or 500000 and above it's almost like. You need to have this mining cash. I mean with a in this debt death have been times in the past dress it down. But until your cash reserves and a built up until you have that fifty K that hundred K whatever that number is depending on their expenses. I really can't help you. Because you don't belong in aid deal belong in the Meyer right are you don't belong in any in the fixed annuities do whatever is you don't belong in investments in general. Unless this first requirement is met. And that's why gimmick but those limits because you have that those one. To simulate you say to some people sit no wonder no one ever says it's sometimes I feel bad saying oh. So much at least 250000 dollars and invest a blast has to work with us it's not that we don't wanna help people well below that. It just limit is limits we can do if someone has money if someone only has. Yes 20000 dollars in cash and a cup not much more beyond that but mass at our job as he she Ares is to simply build that cash accounts first thing come back to. Here it's so important that you have an emergency account where you can go get at the local bank you know drive down to. You know who the community bank of the community credit union in dealing get them money immediately to solve any immediate issue that comes up. The aid idea the market is for a long term growth you don't have to sell out a position to find gearing commerce so a position to fund an emergency. Especially I always tell when it's funny because when you have a conversation with someone and say look when the markets up is that a good time to sell in the early known and only wanna keep it. So when the markets does a good time to cell known and I don't elect in Los a silly really path that's the idea of having an emergency count on not making a rational decisions around the markets. Step number one make sure you have enough cash there's two more important steps we're gonna get you comes our mission of cash. But also make sure they don't have too much cash that's kind of look it's a lesson of today of this segment. We get back when talk about mourn pactel things as well as a really steer retirement but again we want to welcome you to come sit down with us for no obligation review. Learn as much as you can MO where you are now. And we can help you in terms of where you wanna go in the future politics is a call unfortunately we only have. We have offices in Plymouth west Borough Woburn in Hyannis call 800. GT 77777802277777. From an SHP financial dot com. After the break I think this tip number two can be the difference between success and failure in retirement America. You're listening to us HP financial retirement road map show your guide to a successful retirement. The phone lines are always open at 1802277777. Stick around the guys will be right back. The law offices of McManus estate planning create wills and tax efficient trusts. To help protect families and their inheritance perhaps you have a plan in mind but nothing in writing or it's been years since you documents refused. Schedule look complimentary appointment but McManus estate planning an hour limit or he caught offices create a plan to protect the assets for those you care about. Well 5087788855. Or cake cut estate planning dot com. Five years of retirement with 250000. Dollars in your 401K or IRA a market drop of just 10% could cost you two years of retirement income. A drop like the one in 2008 can mean instead of making plans to retire he could be making plans to work another ten years. This is Keith Ellison SHP financial and there's no need to put your savings at increased risk. If you within five years of retirement cost today 802277777. You get at no cost 401K and IRA review the end of the assessment. Protect your savings especially when you're so close to retirement we'll tell you if your 401K and IRA are properly structured. And if you pay any unnecessary fees. This could save you thousands and add years of income tier retirement. Call us today 802277777. Or visit us online at this HP financial dot com for your complimentary 41 K and. Hire your review of my wife and I thought we had a plan for the future I am Mike Bryan from college so many many things that are involved in the state planning that we really didn't know or part of it until we met with Keith and then he helped us put together. And a lot of practices and managed to ski and create meals and track help protect handling and they are inherited not a we have a plan in my mind rest easy knowing that our future is secure our daughters is a comic and it's estate planning today. I've only 877888. I I for a visit H privacy planning facts. Your team USA HB financials retirement road map show where your 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. You jealous. So this shows. Really important as it pertains to your portfolio. In learning ways to help in times of volatility. Three crucial tips or were the were sharing today you're really trying to open up at a chp financial what it is that we do you. Day in day out to help folks just like yourself for the last you know off thirteen fourteen years or more. In you know obviously step number one. I'm having a I'm proper plan as you approach retirement curfew retirement or even if you're not retirement actually. Is to make sure you have a certain cushion of cash not too much not too little. But discern among cash on hand. Step number two to me and I said this before the break and I really mean it can be the difference between success and failure and retirement. In so step number Q is really we talked about this last week a little bit. But adding up all your expenses. In adding up all your fixed income sources when you're retiring so if you have let's say for instance you have a need of 6000 a month of incumbent you only have 3000 a month coming in from Social Security we'll write off the bat we know we need to cover. Out of your portfolio a difference of 3000 dollars per month. Taking taking into consideration inflation taxes in longevity. So once we come out of that number the question is hotter we attack how do we solve what do we do with your money. To make sure that it's gonna last as long as you do you but the volatility that's going on right now with Gregg sit and whatever it is going to be you know in six months from now. Doesn't have the same effect on your. In bill a little known fact in the financial world obviously you have fiduciary advisors in non fiduciary advisors. As fiduciary is where held the standard to make sure we're doing what's in the best interest of the client ahead of our own needs very simple. It's it's amazing how some advises are not even held to that standard and make you may be working with a one of them right now. So in the financial world you have kind of two competing forces. You have one side of the financial world which is Wall Street the stock market. In the in Wall Street says you know what you should have all your money in the market. And do nothing else because you're gonna make the most money here in the long term don't do anything and annuities don't do anything in the banks keep your money in the market. Then you have the other side of the equation you have insurance sales people annuity salesman my column. Don't they say don't do anything in the market. Because you're gonna lose all your money which maybe they forgot about Perry now. You gonna lose a lawyer money in you should always have your money in annuities week where you know certain types of annuities we don't lose as much. In there and they're true answer is it's like going to Mercedes and BMW and asking. Receiver they think about BMW obviously each entity is gonna say the other ones not good because they want you to go with that entity. Asked you she Ares it's our job to have the whole financial world at our fingertips. To give you and our clients the best plan available. Based on your needs. If we need to use a hammer some might say never use a hammer because you may break a window that what you're putting in a nail guess we wanna use a hammer. Same thing goes with the word annuity some people hear the word annuity and they have some preconceived notion in their head down and annuity is bad. In my generally I would agree with them for the most part. There's about a thousand annuities if not more available to clients on the marketplace. You know what visible three of four. That we utilized in certain situations. The only time that we use that we utilize that for the most part are the type called index or hybrid annuities we can get some of the upside if the market's positive. We don't participate if the market's negative. This some drawbacks to a you can only get 10% per year for like ten years let's say after that you can get your money you know but you can only get concern access. But if you're building getting cum plan and you have a million dollars. Our initial inkling and how we can help folks to avoid this volatility. It's let's move some of the assets over into something that has no downside risk still gives you some return over time. But a place that you can draw from for ten years or longer while your marquee money's the rest of your money is invested for the long term. If you had that plan and been in place folks takes its a lot more to it than that but Matt if you have acid some as a million dollars. You know and if you're listening right now if I could see or you can shelter 400000 of that what to cover your income for the rest of your life. In other 600000 we can invest long term. If you have that in place. How much better would you feel one night whereas so many people listening right now are about to retire. There are tired they've all they money in the market they used to pay substantial loss in their portfolio. If you withdrawing at the same time that's devastating impasse a devastating impact your portfolio. So to properly set up a plan to avoid this volatility. Crucial step number two this is so crucial. No hearing come. In to meet these two is to tackle our combination number one that we talked to a setting aside assets for. Something like an index annuity that doesn't have any downside risk that has income that has inflation features. The other way is dividend income. What in and houses sake has been BAC will will what you're describing for the folks in just again I give them some and some terminology is what's got the bucket theory. The idea is that the other big chunk it in fixed. Then you draw down and then the second chunky like grow up yet and so would every use that fixed instrument you can use a fit in the SIA's are fixed indexed annuities or whatever that may be. Or on the others idealist on the dividend sort of play through the dividend strategy some people do both by the way to executive they're by no means mutually exclusive you know and the so if you go all bucket theory -- due dividends or if you do all dividends into bucket theory and it's just to kind of plays in the playbook type of thing. But the two are you on the dividend side of things as long as the dividends are covering your income Munich is Terry dementia at the beginning a vote. Isolating what the income gap Dennis. Let's final the income captains if the dividends from your portfolio are now covering that amount and you do not need to sell. During these times of of troubles if you will financial troubles at least. Then that's a viable solution. But as you said it's the people that are selling now to generate you know if they're selling shares to generate their income not just taking dividends. Then there are serious issues with the long term viability of that plan. Yen to add to that he you know if you are looking at an annuity. What I see you know when people come in they maybe have an annuity in place are ready. One of the biggest downsides is an annuity that doesn't account for inflation rate so. He just to give it as a pension that doesn't have. Any inflation or cola attached to it so let's see again and 20000 a year out of here in duty this year. Well 120000. To you're getting say five to ten years from now. Has a lot less purchasing power at that point that it does NASA you need something to account for inflation. The January makes her so again and receive it were an annuity just a tool and art in our toolbox for our clients one of our clients have media portion in something. An annuity instrument that provides safety from the market downside. And then have another portion of their money in the market that's how we don't get as many frustrating clients because they know the deal the market monies long term. They have their immediate needs covered. By accounts in basically that don't have the same market rest seem volatility as the funds in the market. So as you're listening right now again if you could take if you could find out right now that you could put a plan together. To give yourself income for the rest of your life without market without that same market volatility. If you can settle the claim we never forced to sell. When the markets down whether it's through use of certain types of accounts or dividend stocks whatever it is. A plan that makes this so that you don't have to sell. It take losses as the market's going through times of volatility that's crucial that's important that's step number two. Obviously is a lot more that goes into building and income play and you think about inflation taxes long Gemini. But are you positive right now with a market concern you that you have a plan that's gonna give you income for the rest of your life would inflation regardless of the market. If you're not please pick of the foam we can help you that's who were here to do we have offices in Plymouth west Borough warmer and in Hyannis. We have eight appointments available only to set up this meeting and no obligation complete retirement Romero preview with a focus on building a plan. To help in times of volatility the number to do so is 802277777. Again 80227. 7777. Or go to SHP financial dot com. After the break crucial step number three to help in times of volatility will direct act. You're listening to us HP financial retirement road map show your guide to a successful retirement. The phone lines are always open at 1802277777. Stick around the guys will be. We've all heard the expression expect the unexpected. And that's true in life. When it comes to your retirement savings we prefer to say expect the expected. This is Derek Renoir from SHP financial. Our strategies as a retirement planning firm are designed to minimize risk in your changing world. Can develop predictable income plans our team works with families to help them take on the unexpected things in life. That shouldn't be all that unexpected. SHP financial we can't predict the future but we can give you a pretty good idea of what you might expect in your retirement. Call today at 802. Q 77777. For our complete retirement roadmap preview. It will help you prepare for the retirement that you expect that 800. Two Q 77777802. Q 77777. Or visit us some line at SHP financial dot com. Don't be at the mercy of Wall Street the erratic start market volatility could cost you hundreds of thousands and GPU or put you back in the work force for those nearing retirement large market downturns could be devastating to your future so if you're over the age of 55 and are 100% sure that your retirement plan is protected coalesce HP financial today and 802277777. For a retirement readiness review it takes about an hour to find out if you're too exposed to stock market swings it frees eroding your gains if you're paying too much in taxes and if you're maximizing your Social Security benefits. Take charge of your retirement and told the retirement team met SHB financial today 802277777. That's 800. Your 277777. Or visit SHP financial dot com that's SHP. Financial dot com. Your team to a CHB financials retirement road map show where your route to a successful retirement again. Call BS HP team anytime at 1802277777. Or visit them online at SHB financial done come now here's your host Gerri great. She's jealous so we're talking on today show three important tips. Crucial tips to help in times of volatility important planning tips especially with things like brags that that are happening right now. How to help in times of volatility in last segment we talked an important step above making sure you have enough assets in safety slash income vehicles. To cover you need to re not forced to south. We mention sometimes and annuity is used again is probably thousand out there asked fiduciary to meet you work with three of four of them total. If it makes sense for the client not dollars. But I want Iraq if you coming in for review in just wanna gonna learn more about. How annuities work from a fiduciary standpoint. From a few shares through a company that's we're off pretty Sherry advisors. We can give Europe and a no cost to review on certain types of annuities what may work well may not work for you or you have an annuity have every viewed as well. Again we still need appointments available we have redeployment Clements available over the next two weeks 80227. 7777. Car now 802277777. They're gonna SHP financial dot com. So the three crucial tips crucial tip number one. To avoid volatility makes you have enough in cash not too much but enough to cover yourself for six months or so if you working. If you're retired just to make sure you have enough money for the leaky roof for the new car whatever that whatever it may be. Step number two. Covering your income needs in expenses through assets they're not forced to sell. In times of volatility whether its dividend paying stocks whether it's a certain type of annuity. Making sure you have a plan in place to drying come to cover your income needs without having the market Dick tee. What's gonna happen. So that's really crucial in some Matt what's stepped in to number three. To help in times of volatility will look there at the beautiful part of September 30 is that it it is directly related to one until. And what I mean by that is a once we have enough funds in cash for emergencies. And now second once we have income you know covered for they all their expenses and their lifestyle. What that allows us is the luxury of time. And as build ruler Rogers the line is the you know there's not it's not timing the market it's time in the market. We need a nice growth pocket now. And when you talk in terms of growth you are talking in terms of of more volatility. And Alito sort of a little bit higher of or more scary the roller coaster ride. But the same point you should not be on that ride unless you do have the safety funds unless you do have your income. So once you research you know checked those boxes which are which are more crucial frankly. Then we talk in terms of growth. Because we mentioned a little bit during the cash portion that inflation is always at work you know as a matter what's happening in Europe and brick city and different things like that. Inflation year after years is eating away at that our dollar bills. And so we need a certain chunk of our assets to grow. So now we're no longer focused on income you know don't where we are no longer focused on dividend paying stocks here are our fixed annuities and things like that nor are we focused on cash anymore. Now we're trying to get you know the rules of the world the Facebook's of the world you know that the companies the Amazon's. The companies that are just growing and growing and expanding. And as long as you have done your portfolio and most important is dimensions on Jeff time payment. Two can only a ride out the volatility. Is end that is step number three in making sure that you have a good plan in place. You're exactly right man that's a conversation I was having with someone last week in May mean the point for me. Because they were they were saying you know they they say you know what Erica I thought and our agent or 65 years old Marie top we're just retiring. You know I thought Meehan. Because we need to start drying on these funds. In what they're what the client said back to me they said you know why because we set a 100000 aside for our safety in the bank. Because we have 400000 dollars. In certain accounts for no downside risk that we can draw income from. That allows us that seem time that we had we were working because we don't need this bucket of money this chunk of money this group we called the growth assets. Ford ten years or beyond. So a little hiccup in the market like we're having now and I are big kick up I should say. Shouldn't doesn't concern. A client that has a properly built out plan. As much no one likes to see losses I don't want to see losses at all but so as a million dollars it's on the market in the market loses 20% in their relying a 100% on the market. Did that's a 200000 dollar loss. If you have a 100000 in the bank 400000 dollars in accounts that don't have downside risk. In 500000. In the market for the long term whatever it's all different for each person talk customize. But if you have a plan in place like that not only is it 20% lost 101000 as opposed but 200000 I'm sorry a hundred thousand's most of 200000. But it's also they're not concerned because that's all long term money. If you're listening right now and you've everything in the market in your forced to sell or you need money. Each and every month you to sell stocks or liquid liquid stocks are you close to retiring that's a scary. Situation well absolutely and and that's a thing to mean literally if when you add the three up together and what you're doing you're smoothing out the volatility in your entire portfolio and you know and I always tell people it's if we do have that chunk and fixed us in the market goes down 10%. In humility and a 50% fixed world than the market for them only went down five correct you know so when you half maximum cash when you have Y amount fix when you have Z amount being growth. Whatever though whatever the volatility it is happening. It is just so much more tempered our becomes tempered because you have these other pockets filled and I think that is just the bedrock of everything that we do for our clients because. It's it is a scary time I mean you know what when you add money with with loss for him people you know we're all human beings so you need to have that focus and that discipline. Andrea and is isn't is as you say they're very very beginning were able to help poke people by applying that focus and discipline. It comes down until two relief companies outfits because we know that to rewire house's us were independent private wealth managers. And that's the difference we're not tied to any organization. To many companies are focused on growth only growth growth growth growth. That's great when things are going well but if you're 510 years from retiring or you are are your RD retired. That does not work anymore folks and all growth plan. Trust me in the long rhyme come back to bite you nine times out of ten. In so simple philosophy that we use which obviously takes a lot of building out which is we do all this heavy lifting. For our clients we it's it's not just a set and forget acclaim review it quarterly in my semi annually annually we see our clients a lot throughout the year. But most importantly when you build an overall plan. The three tips to building up a plan in time to help in times of volatility to help when things like brag sitting going on a whatever is going on out there in the universe politically. Economically. It's to have a claim we set a certain amount of sup a certain amount of bass decide for safety. A certain amount of assets aside from income. If found leave us a certain portion of NASA decides for growth. That proper balance to me is what helps in times of volatility. And why we don't get a ton of calls from a large client base in times like this. So again we like I mentioned earlier in the show we've been at this for 415 years each myself keep him now or in the business before we started company's 2003. We've been very fortunate and blessed with so many good clients. Went out to just try to make every dollar we can we wanna make sure we help as many people as we can because that we feel like we have the tools to help you. Get two in through retirement and we feel like by not having a plan in place by not following a certain discipline. Your retirement might not be what you thought it could be. So warm welcome you to come in we obviously have limited times we only have eight appointments available over the next two weeks so please folks this is important to you. Pick up the phone and call right now block him when he appointments in common for a complete retirement roadmap preview. We have offices in Plymouth west Borough Woburn in Hyannis all used to doing yearned to pick of the phone and call 802277777. Here retirement is too important to just let this go by without taking a chance to come sit down to see who we can help you with 802277. 777. Or go to SHP financial dot com we get back our retirement roadmap recap. 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. This is Matthew pack co-founder of SHP financial. Today we see no investment can road base in event here in around the world but there's no doubt that people with better plants will be far less affected. So here are Ford don'ts about investing in times like these don't panic. Don't get hung up on the talk of a correction. Don't think anyone knows what will happen next in don't be complacent. And here's your one do. Policy to. Especially if you're at or near retirement. Our team specializes in retirement planning looking guy Jeter manager risk no matter what's around the corner. Call us at 802277777. Our team will review the retirement plan in about an hour. It's quick it's easy it just might add years of income to your retirement. Give us a call at 802277777. Or visit us at SHP financial dot com. Fewer than five years of retirement would 250000. Dollars in your 401K here irony of market drop of just 10% could cost you two years of retirement income a drop like the one in 2008 can you instead of making plans to retire he could be making plans to work another ten years. This is Keith Ellison SHP financial and there's no need to put your savings at increased risk. If you within five years of retirement cost today 802277777. And you'll get at no cost 401K and IRA review the end of the assessment. Protect your savings especially when you're so close to retirement we'll tell you if you forward K Nyerere properly structured game if you pay any unnecessary fees. This could save you thousands and add years of income tier retirement. Call us today 802277777. Or visit us online at best HP financial dot com for your complimentary 41 K and hire your review. Your June 2 SHV financials retirement road map show where your route to a successful retirement again. It's called BS HP team anytime at 1802277777. Or visit them online at SHB financial Don come now here's your host Gerri great. Keep jealous. So today's show we talked about what breaks it means to you what is what are all the times of volatility mean to you when your portfolio in your retirement. We also talked about three crucial tips that are so important to your retirement to help in times of volatility to build the plan. Around times of volatility. Step number one we talked about having enough cash not too much not not to hill having us proper amount in cash number two figuring out your income needs in retirement. In making sure you're covering those with vehicles and tools. We are not forced to sell out of the market to cover your short term income needs stun number three having that long term growth plan where again money that you don't necessarily need. For many years down the road where the volatility knocking it concern you build on this planet retirement is crucial in my opinion to having success so that being said. Each and every week we try to take you know one Q takeaways from today's show that we feel are most important feed learn from and take from the show some now start with you. Well thanks Derrick any kind of goes back to those three in the unsurprisingly but the keyword and many use in sort of focus on the that we did use throughout the show is the term balance the idea that. You need to have a certain amount in cash he needs obviously have them lion mound in offering common and in London the remaining among growth. But what is the right balance. In everyone has a different answer to that question and I enjoy that because our job as fiduciary is. Is to show people those options to say okay here's the strengths and weaknesses with X amount in cash and here's the strengths and weaknesses with a different income options. And here's a strengths and weaknesses with the different growth options. In Denmark the client decide you know obviously give our professional opinion of course but. I love when we strike that balance between those three key elements and in and pick inked it speaks to wreck customization you know speaks to our our our our process of working through. With the client on each step and so however they split in how they slice that tie you know how much they shift and they cash vs how much they shift for incumbent senator up. It is is it again each people make up their own mind but I enjoy that that process and having that balance between a three key. He had a balance now between safety income growth is so crucial. You know I think my take away as part of our retirement bro map planning process we're talking the most cern areas of that today. We believed to have a proper plan you do an income planned investment plan tax plan health care plan in legacy plan. But in my opinion by the three tips we gave you today. By far the biggest take away if you forget everything else into the show please remember step number two. As you approach retirement or fewer in retirement how much income do you need off of your investments. To cover your income needs going forward taking nick himself into consideration longevity. Taxes in inflation so building that proper income plan and we talked about today's if you had a portfolio. In my opinion need to shift some of that portfolio portion of that portfolio which is going to be different for each and every one of you. To a place that doesn't have the same downside risk to the market still gives you some upside but gives you place to draw on whether it's for ten years of the rest your life. Collect your other accounts that are in the growth position do their job and roll along and so having that proper plan in place for folks is crucial. Someone asked again how popcorn is this to you how important is your retirement. How important having an income plan it's gonna last as long as you do. Without as much risk as you overall market if you don't have a plan or you want to learn more. Please take the time out of your day to pick up the phone and call us for no obligation complete retirement roadmap review. You've offices in Plymouth west Borough Woburn in Hyannis car now 80227. 7777. Again 802277777. Are gonna SH OP financial dot com. Thank you so much you're listening and for our support over the years look forward to talk to you again next week right here in the retirement road map radio show brought to you by SHP financial. If you are getting ready to retire chances are you into the workforce over thirty years ago. A lot has changed since then in you could expect at least as much changed over your next thirty years. This is certified financial planner Matthew packed from SHP financial cohost of the retirement road map radio show her right here every weekend. Our team helps people transition their finances from work to retirement. Since our focus is on retirement we're familiar with life's terms as you age and we can help you prepare for them that's why we say they expect the expected. Our goals to minimize risk can develop predictable lifelong income plans to hedge what life brings acute. Give us a call today to 802277777. For retirement road map review. And we'll help you prepare for the retirement that you expect and deserve call 802277777. There's 80227777. SHP financial dot com. If you're in or close to retirement are you sure your money will last the rest of your life I'm Derek require co-founder of SHP financial. So many times clients first come to us for the retirement portfolio but no plan on how to safely withdraw those assets and protect themselves from running out of money later in life. And it's HP financial we take each client to our retirement road map process. Focusing on five critical areas of your retirement income investments taxes healthcare and legacy. Our process is simple and easy to understand. Once you ability to customize road map we don't stop there. Review your plane annually to make sure you stay on tracks that you can enjoy your retirement years. If you have a portfolio but no plan called today for our complimentary consultation with the SEP financial team member. There's no cost no obligation call 80227. 7777. With a offices in Plymouth west are Woburn enhanced that's a 102277777. Her on the web SHP financial doc. Tom don't be at the mercy of Wall Street the erratic start market volatility could cost you hundreds of thousands and GPU or put you back in the workforce. For those nearing retirement large market downturns could be devastating to your future so if you're over the age of 55 and on 100% sure that your retirement plan is protected -- HP financial today and 802277777. For a retirement readiness review it takes about -- to find out if you're too exposed to stock market swings if freeze eroding your gains if you're paying too much in taxes and if you're maximizing your Social Security benefits. You can have the financial security you deserve. Take charge of your retirement and told the retirement team met SHB financial today 802277777. That's 800. Tutu 77777. Or visit SHP financial dot com. That's SHP. Financial dot com.