Nov 6, 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 you 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 sailor purchase of any specific securities investments or investment strategies investments involve risk and unless otherwise stated are not guaranteed to be sure to first consult with a qualified financial advisor endorse tax professional before implementing any strategy discussed herein Matthew taxi just being 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. -- to do this HP financial retirement road map show with your host Gerri great warranty jealous and Matthew they know that the road to a successful retirement is paved 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 Keith solo third victory winning 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 define your retirement roadmap port visit them all mind that SHP's financial dot com. Now sit back. Grab a pen and start your engines here's Derrick Max and cheese. Welcome everyone to another weekend edition of the retirement roadmap radio show brought to you by SHP financial I'm Derek Greg where are joined by Keith Ellison that pack. In today we have this wonderful thing called the election case anyone hasn't heard coming up very soon never going to be discussing. As well as how it's gonna affect the economy at least in our opinion how will affect the economy. Later in the show were also going to be discussing how to be smarter about your tax strategy retirement. Sony thought people focus on things that are out of the control like certain market environment and other areas of their lives. But you can actually control you know what the tax code is she wanna make sure you can take advantage of it to save whatever dollars you can now and in the future. We're also going to be discussing life insurance but not what you might think Blake thing when you think of Blake concerns people think that's from when I pass away what do I care about it. We're gonna talk about ways you can take advantage of your life insurance policy. While you're actually alive this new benefits with a life insurance and you definitely don't want to miss there in later and finally in a part of our market report. We're going to be discussing missed the subject of are we close to our keynote is there another black Monday on the way. If you remember back in October of 1987. The market lost so I had the single largest worst drop the history lost 20% and one day and so the question is are we close to another situation like that. So that being said tee to matter how's everyone doing today doing fantastic captain to be. And as stuff that I wanna be sort of like the bah humbug you know Scrooge but. My hands a lot of sugar so much candy into its own candy are exactly the best they gave him my boys who were Peter panning captain hooks in my wafers Tinker Bell and I was mr. -- so the fundamental combo block and yeah and my son eight and forced me dress up so. He used to say be in the dad did. Yeah I did in Rome. What did you like about my children is that the only pitcher country so we cannot spend a lot of time on its we walked to host us for remote. He immediately fifteen houses and early deck we just go home. So yes the day you know that I get a we give them some additional candy which again to Matt's point doesn't really help the whole sugar thing but I'm. They're really. He was very eventful fun hopefully it's a great Tammy and my in laws come all the time do every day and it's kinda stay wanna see the boys they wanna see them. You know grow up and definitely it's still there ready for. Explain it in in in left. We're all trying to celebrate or enjoy this well we can because soon enough though these citizens ready teenagers that his enjoy and Halloween as much so I love it I love how a year in general the fall and so Halloween is perfect this. Even makes even leading up to how we know there was like a school. We have to go listen to a school address underwriting and it was kind of sugar candy there in the next day we had a kid's birthday party. Whichever one had Halloween costumes on in more candy so look at leading up before we get to Monday Arista like it was enough sugar for a year and then how we was there so they maybe made it through does it may have made just because you say early tee to get a phone anyways yeah of AM around now as OK is it. Do you channahon to have some speed processor market seriously guy get on just how it is and I'm actually see in my we have a house on the next road over from us that. You know as a lot combines plainly to scary music is suffering damage sounds like we view of their only knowledge skip does what I was scared you really want big they don't we go let's just keep. All eyes and our president. Anyways so we're gonna I guess pass the Halloween we have the next big. Holiday the election close I think as scary for for example as as Italian resident on analysis tricky thing I think yes so. Now one of full prediction now dead in terms of the you know the marquee in your reaction Matt. You know I know we're going to be talking about you did a really good webinar that's available for everyone on our that's listening to go to our website SHP financial dot com. Can you discuss kind of like a really good through PowerPoint presentation I believe exactly. We know to some different you don't have past historical performance of the market during elections just good information about how the election could effectively on. Well I mean who generally you know every every four years on C will move wherever timeout elections anyways but but we really felt the need to put it out for us physically for this election because I mean certainly is just unprecedented with new FBI and emails and I mean does you name it I mean we win noises he's seen it really is and so. It it's amazing till what how Leo does does a recent poll by him by Bankrate that 61% of Americans since. To slump and Americans thinks so that they think an election is the greatest threat to our economy over the next six months. So mean literally you know I heavy majority of of the American people think that we are of the that's a greatest threat now. In the web and I would like to point out that in with aiming for better or for worse the economy is much bigger and much greater than. In the presidential office and and in fact if you what do history. The markets perform well in election years. Yeah since 196012. Out of fourteen presidential elections have ended with the S&P 500 delivering positive returns. And the only two that didn't were 08 in in 2000. With a dotcom dotcom crash Libyan in the Great Recession. So I mean you know it if you look back and literally you know twelve out of fourteen and then in in in those two times is that that the you know the NASDAQ too also hearing through exactly mean. It's just you know there's there's trade going on in there there's the you know the you know consumer spending and and there are still many other forces that are work. That he knows right to be skewed is a scary election but in any need to focus on where we aren't known historically. If you look at our health selena's death historically intern not an opponent talked you know big politics here. But you know determining which party is better for investments is is another challenge to have looking at the S&P since John F Kennedy's term began 61. Returns averaged 313 point you know I'm with a democratic president. 71 with a Republican. But the highest four year returns happened under Gerald Ford who is obviously Republican well that's like everyone wants put this happens whose unit was to happen or Xia and if he gets and what. Well and doesn't say meany is like the live event say you know that we didn't do you know enough knocked over in Australia then you know became yeah he's on east the first question everyone in my meetings he in in so wedding. They don't occasion I do a to point out that OK you know it was specific sectors we don't make it affected by it you know so for example. If Clinton gets elected then you know the coal industry might might see and might see some some headwinds as they say. Although both candidates are talking about the deep up prices of prescription drugs. So ashy over rounds over the past week a lot of fire attacks have been you know some some of the Biotech sector has fallen considerably because. The market is sort of expecting that they're they're gonna talk about price controls on the matter on non medication he's older and yeah I mean it's a the end they're so in other words there are particular sectors that demy beginning affected depending on Diaw who ends up winning the election but. You know say if if 61% the American people are are protesting that's the greatest threat well. They were there are others on the one country in a global economy. That I knew espresso presidential election is not gonna just have an impact you know it's not gonna have the biggest impact over the overall net new look at the entire world to me and know learn as it is north what we do for people which is to plan so that you know which is to make sure that no matter what the president's. No no matter what. President parity is seen on that they have a plan the debt that we're sticking to it than that we have that discipline regard. Exactly need to have that plan that discipline. He's had assets steady kids some for safety some fraying come some for growth in the growth call you need time need to create time so there's a presidential election macros. Not the way people like sheriff this inept some sort of bomb attack in another country or whatever it is is somewhat different factors that can affect the economy. The money you have in the growth portion needs to be long term. So what can you do obviously in our opinion you can towing it turn out the noise there's tune out the noise from the media because usually it's negative. Makes you have a long term view if you have short term money shouldn't they need in the next couple years session be invested in the market anyways. So shouldn't affect you if you have a plan properly. And then obviously cost when you're ready to talk to bring our go to our website which is SHP financial dot com. Is a webinar right on the main page of the website but SHP financial dot com you can download the webinar. In talk that talks about the election in the economy that are you know are truly not detect just put together a few weeks ago again SHP financial dot com. We get back to the break Greta talked about how to be smarter. About your attack strategy in retirement a very important issue don't want overlooked this. We know the tax code wanna make sure we take full advantage of it to save money for you put great back. You're listening to whereas HP financial retirement road map show your guide to a successful retirement. The phone lines are always open at 1802277777. Stick around the guys we'll be right. Back with Election Day looming one thing certain change is coming whether we like it or not it's a good reminder to make sure that your portfolio is prepared for any outcome Collins HB financial an 802277777. For a complimentary financial review. And learn how they design retirement plans with the type of flexibility our changing world requires remember a change in leadership could impact taxes interest rates and the financial markets if your current plan is designed to deal with the uncertainties of change you may be putting yourself at unnecessary risk policy HP financial and 802277777. To schedule a complimentary no obligation financial review. That's 802277777. 802277777. Or you can learn more all mined by watching their new webinar presentation about the election and how it can affect your investments just visit SHP financial dot com for more information that's SHB financial. I've come to know how much risk is in your portfolio of hi this is Keith Ellis co-founder of SHP financial in times of market volatility it's even more important to have the correct amount of risking your investments and SHP financial weasel crystallize the award winning risk engineered technology then mathematically pinpoints your -- number and align your portfolio to match crystallized replaces subjective terms like conservative and aggressive with a -- number from one to 99 precise way to measure your exact comfort zone for downside risk in potential upside gains are US sixteen or 67 visit -- -- financial dot com and click what's my -- number into the quick five minute questionnaire in you'll instantly determine your own personal risk number then we can build your investment portfolio to match in clearly define the path to your financial goals put the most advanced technology to work for you find out what your -- number is two day visit SHP financial dot com and click the link what's my -- number that's SHP financial dot com. Your June 2 SHV financials retirement road map show where your route to his successful retirement again. It's called BS HP team anytime at 1802277777. Or visit them online at SHB financial Don come now here's your. Our host Gerri great. Keep jealous as. Of our retirement road map that we create for our clients here and SHP financial this next subject when you talk about is very important as it pertains to your retirement. Because taxes are a big part of anyone's expense is for most evil a comedian largest expense has stands now our retirement when you factor in income taxes property taxes. Whatever it is that you excise taxes it just adds up to a decent amount of money. As part of our time road map like I was mentioning people always ask us what makes you so much different could you guys seem a lot different than many other firms that I've visited in the past. Well most firms give you investment advice they trying to either sell you and and your fear card to use some stock on mutual fund portfolio. Mean if you once a year you're on track sorry you lost 30000 whatever the number whoever it is. SHP financial we believe investment planning is important but it's only one piece. Bob year old draw retirement puzzle so here we wanna sit down with each and every person disgusting complaining. Investment planning tack explaining what you gonna discuss now healthcare planning. In my guess he planning. So if you're paying someone to manage your money. You paying someone. Half a percent or 1% to manage your money. You want just that one track I want investment piece. But he won and advises that can still handle that and also looked death in complaining investment tax health care legacy all under the same umbrella suck so we try to do and help. Our clients would moving forward obviously take CPAs and in stapling attorneys but we people come here and it's kind of what one stop shopping. So went up when a target what taxes men love amassed met we have event last week you talked about this in generally say you know what a lot of things you can't controlling the market. But things that you can control are you can be trophies mean you can attempt to control volatility based on how you put your assets in certain areas. And you know the tax code so why not control things seeking to draw. Will worsen them in but interrupted before it's like I love talking about taxes step in no way in people they will okay you know obviously taxes aren't exactly the most exciting thing in the whole wide world. But the reason why do so as Derek is too is just what you're alluding to right there I mean. I want to tell people that in our investment advice and very extremely proud of it of course but any time we talk about the market it's your best guess. That's an educated guess in your strategically allocating in in your obviously putting a lot of thought into it. But it's it's your best guess whereas you know one in the CPAs that we work with they know the tax code. So if I could apply that the existing tax code for the benefit of all my clients. Then why wouldn't I do that yes you'll why wouldn't an advisor take advantage of the you know is still that line from Donald Rumsfeld but you know the known known C you know one and take advantage of what it literally takes an act of congress to change. And use the note all across the border scour those tax codes for your client benefits let's. A sitcom if dominant they wired house from some company you just have to manage your money payments to mrs. Jones create major next to 1% this year and a million Simi 101000 more. Oh but I forgot I could see 30000 taxes but I don't do that some dismiss an enemy doesn't make sense to me it never did it never Demi and this leno's doing with a client on the cape and so we know they'd the other recent retired. They're both session tonight directors of these smaller nonprofit companies. It's a bit about a million maybe one point five million and about half full as an IRA funds in a pretax dollars. And the other half was in non IRA money or after tax dollars. In what they were doing is that they were being on the either old advisor was telling them to withdraw everything from their IRAs. What the same town the other money no sitting imposed tax dollars was kicking out dividends. Was going to cash in there are paying taxes on those dissidents you know so. The word then withdrawing their IRA money. And then paying taxes on dividend money that they warned even use cities. So it's likely to sack guy who go in there and just say married let's continue to use you know the idea of a dividend strategy wasn't C wasn't wasn't the investment advice first say but it was. This lack a tax plan. As OK well let's let's use a dividends it's kicking off because we have to pay taxes on that whether we like it or not. And then make up any different with the IRA. In the mean we lowered their overall marginal tax bracket respectively so that's good yeah that's and see them through thousands dollars and Montauk MO. Key throughout talking about tax returns are talking low tax. Planning its knowing you know what you need to do before the end of the year to get yourself in the best position that was a great example that MacKey because. Maybe not this year because if you've been working that advisor for what. And nine months of this year so they've been following their attack strategy for nine months this year but next year they're going to reap those benefits of that proper tax strategy in knowing exactly how to pull the incoming Wear clothing and that's often. The question that we get is like okay this bucket of money over here despite the money over here this bucket of money over here. How to like take this thing come to keep my tax bracket as minimal as possible it or pay the least amount of taxes so. Taxes are your biggest expense in retirement and health care. So it's so important to control Blake Matt says what we know in use that in your favor if you cat. I have a client that's who work for this for years and he's a pretty high net worth client. In every year Sudan's yes exercise some company stock options lead which becomes taxable event those bottom line of the story is as part of our year end planning analysis that we did a few weeks ago. We sat down we said okay get a good significant chunk of dean's. Even his portfolios are managing the majority was positive the Syrian Dunham McCann sorry. CSR Bob but you've done to you Don we've done well this year. But across all the dean's his portfolio there was a few sectors and areas that hadn't done as well see even though he was way up not every single stock and fund you owned it was positive. So we did is we did some tax harvesting we sold off a bunch of the Lou all the losing equities this year that had a neck that were negative. And what it does he reduced his capital gains overall. I 50000 dollars or so Lou and he was such a high taxer and at the 50000 dollars would have resulted Mike fifteen or 20000 dollars in taxes so Larry there 1520000 dollars of tax savings now we and we don't know what the market's gonna do but we can scan to look at taxes and try to apply attacks it. And district you know combine the two together mean that's why we're so anti mutual funds you know I mean how often do you see a client open mutual fund up the exact one funk fully and then we'll have capital gain distribution see no. If there's sales that are happening when those mutual funds even if you personally even if you listeners did not sell that mutual fund. Did they have these capital gain distributions that they have to distribute to you guys. So if if we should shift to go away from mutual fund and in the into either an exchange traded fund her group of equities. We just saved you all that capital gain distribution that you didn't even didn't even sell this loss monument and you much more control shall putts hockey so you know lost money to Haiti and. Yeah yeah well that's a so we sit down again whoever casual listening to attack strategy is so important so. I see this jokingly but I'm sure everyone listening right now has their financial planning. Tax meeting scheduled for the end of the year. If not again you're missing the ball you want so much more at the whole picture. Not to share investments so it's great you mean money and investments are up the investors are down. Doing your investment in dies it just telling you that. Where you want them looking at the entire picture and saying hey you know what did not every year but this year you may appeal to save some money in taxes so we do both tax playing now. And for the next generation to reduce taxes for them as well so. Bottom line is that if you're not having this conversation with your advisor if they're not reaching out to you to have this tax conversation with the U. Then maybe they're not the right advisor for you because that can be a cost savings that you're missing. In your particular plan. As part of our retire roadmap strategy when us Amy conceive huge taxes every year we're gonna look at that to see if there's anything we can take advantage of going forward. So car now and get a second opinion on your retirement roadmap specifically from a tax perspective. We have offices in Plymouth west Borough Woburn in Hyannis. We have four openings for the month of November if you wanna sit down on us to discuss this. The schedules a tight with the holidays in our own tax when he reviews of our clients we have four openings for you. So call 802277777. Scheduling no obligation review again 800. Choose to 77777. Are going to SH OP financial dot com we get to act immediately to take advantage of your life insurance policy. While you're alive we're gonna show you how to do that Remy get back. 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 we'll be right. When you're building a home you need more than just four walls. You need a roof. You need a foundation without these things your home would be incomplete the same can be said for your retirement planning. Hi this is Keith Ellis co-founder of SHP financial if your financial advisor is only looking at your investment portfolio. It's like having a house with no roof. At SHP financial when we create our customized retirement roadmap plans for our clients. Managing their investments is only one part of the process we include income and expense planning inflation protection tax reduction strategies and health care in a state planning. If you're curry advisors not talking to you about these important issues we invite you to come in for complementary no obligation retirement roadmap review get a second opinion your retirement well being could depend on call 802277777. That's 802277777. Or request your appointment online and it SHP financial dot com. Today's retirees are faced with many fears and challenges. When I outlive my savings we'll my medical expenses be too high. My money's in stocks what will happen to me if we have another market crash and as a retired every pre retirees that if you're asking yourself these same questions and fear not. This is Matthew pack certified financial planner and host of the retirement road map radio show heard right here on this stage in each week. My partners and I'd SHP financial have just published her new book. DS HOP retirement roadmap. In this book we showed you how to create comprehensive retirement plan that focuses on five critical areas of your financial life. Income investments. Taxes health care in a state plan. Right now you can download the first chapter of our book for free so grab a pen and visit retirement road map book dot com. That's retirement road map book dot com for your free book chapter retirement road map book dot com. My dad planned ahead so his assets were transferred after he passed just the way he wanted to I gave power returning to my daughter. In now I know that someone I trust will be making decisions when I can't. The play and we created ensured that her family would avoid having to go to probate court to get their inheritance we set the trust supporters shouldn't be protected if he got divorced. Careful est. Planning is the best way to guarantee me your wishes are carried out to benefit your loved ones. I'm attorney keeps McManus if danys estate planning we're committed to safeguarding your assets for your family's well being. We'll take you through our dedicated process he can feel secure about the future. The most important thing is to prepare complete and detailed the state plan specifically for you because estate planning isn't just something we do it's the only thing we do. When you're ready to start planning for the future comic menace estate planning it 5087788855. Or visit McManus a state plan dot com. Your June to a CHP financials retirement road map show where you're route to a successful retirement again. Call BS HP team anytime at 1802277777. Or visit them online at SHB financial done come now here's your host Gerri great. She's jealous so a lot of folks out there listening have life insurance maybe it's through work maybe they have a term policy. Really have some universal life and they've had for many years the evening contributing to. But most people when they think of life insurance they think of the death benefit why have a life insurance policy solidified die. Mine next generation Morgan this amount of money or my spouse will get this amount of money to cover mortgage or whatnot. And I know what life insurance things obviously very important. We're gonna talk about some life insurance benefits that you can actually take advantage of why your lives so keep my folks is part of our retirement roadmap planning process. We look at five key areas of retirement mean look at building an income planned an investment plan. A tax plan. A legacy plan in health care plan in that makes up our Tyrell map that's really separates us from a lot of other companies out there is that we look at all these series of retirement. So when it comes to healthcare. Matt can throw at you first what I take it over run and terms of what there is life insurance and can actually provide more benefits wireless. I decide this one mechanic he could back just in general about how old is the life insurance that these people need to know that the life insurance the sort of area has changed dramatically. Where it's not just say okay AA you know I needed term policies just a cover all my kids are young and everything like that. It has changed is that she meant innovation. In the lake to enjoy which is kind of almost like an oxymoron because now you dealings insurance companies they've been around for centuries and don't change that Austin. But there are some amazing new programs that are available and in one for example has mentioned health care. In talking mode accessing your death benefit prior to death Stevie instituted a long term care component with life insurance policies where. You can tap into you're death benefit while still living for things like home health care and assisted living facilities nursing home sings along those lines. So that they finally combined long term care with life insurance there's a lot going on in this sector of the people should be aware. So masses life insurance and long term care combined let's say someone has an IRA in the F 500000 dollars in net. In taking out 20000 dollars a year for the required minimum distribution to be within us I mean half they just taking some withdrawals. Full it's neat because if you are 500000 dollar IRA and we're looking at tax planning legacy planning health care planning. If you leave that behind you next generation BS the pay the taxes on that it's a pretax ammo account I Aires for a long days. So if you got the 500000 die area behind. They might get 250 to 300000 lets all send on the next generation. If you had 500000 U took maybe 101000 dollars a year. Putting into life insurance Smithfield the F 500000 dollar death benefit so when you pass away it's 500000 dollar income tax free. Which is almost like leaving a million dollars an IRA the end if you need a 500000 dollars for a long term care while you're alive. It's like you're paying for something you might not ever use the F you don't need a great is a 500000 dollar tax free income tax free legacy piece to your heirs. But guess what if you need it why you're alive. You can actually if you have the right policy. You can withdraw off of that 500000 dollars it bought 101000 dollars a month tax free. For home health care. And I assisted living. Nursing home care and that's really where the benefit life. Both funny because you know as people come in and we sit down and it's in nice start to talk to them. I realize that they have these old life insurance policies and they've accumulated some significant cash value. Almost to the point where the cash value saw almost equal to or pretty darn close to the death benefit. So. The ultimate goal is to have it in the C in the situation describing is to have. The maximum death benefit but now we can add that extra component to it but I taking a look at the life insurance is saying okay what do you want this for our. Well on the use the cash okay in the prime better off leaving it where it is. I don't need the cash they really just wanted to be left behind and next generation the most tax efficient way possible well. Let's take that. 75000 dollar cash value by 350000. Dollar tax free death benefit. And then how do you have the ability to use that for a long term care should you need in the future so it's a win win win. He's played in doesn't say it's doing in dishonor Ellis who has no and then in certainly and you guys know this by now but come by five mr. skeptical clearly can no all of these things and it was great to do their research you know and I'm ever think you might lure away 08 let's go and I'm very exactly harrowing three birds of oneself or that's the thing I mean it in this'll happen in the past couple years so it was good to you know completely take a look at these new programs and got them out to say you and Erica as you're saying that they really do they really do accomplish again near three birds with one stone in an I mean certainly some everyone knows an Indy you know that there. They're not flawless so mean yet to get under written to the table and on yeah. An executive there is a premium her investment of some sort. Think inning but that's the original point I was gonna make was that there is just a lot of changes and and and keep your mention of older policies you know looked they look at all the policies is saying these new policies have all these new benefits. Basically it's important to look at your insurance and as financial professionals that we are we don't wanna make sure look at the whole spectrum both in the financial world and the market stock market in the insurance world because. There's another vehicle that we use quite a bit that caveat is you can only use non I area money seek not you die area monies to this vehicle. This allay concerns give the keys which you know well you explain. But it's with a top rated insurance company. It's one of the best vehicles if you want safe money accumulation. Yeah he's equated this for cash accumulation. Oh by the way I have no money in this things I saw its mayor we talk about safety income growth massed on the money in the market for long term. I've money for ring come obviously I'm working and I have my safety budget which I consider this bucket back and you know Ali explain our. It's unbelievable product because. When it allows people to do it allows people tease. Get basically the same reader returned to do beginning at the local bank you minimum guarantees going to be between one to 2% typically. However people walk away what it's liquid. He has in the it's Arcsight. How earnest undermanned. They fit it if it doesn't get them but the however however they can also. Hi there returns to the S&P 500 so. For the Dow word the NASDAQ whatever they really wanted to be tied to from an indexed to implement. The safe for instance the S&P 500 either get a 40. Or the upside of eleven and a half percent. So depending on a year year scale which side does federal TS XP's down we know you have 122%. Yet. If the S and he's opting you're gonna take advantage of that game. Here's the real neat part about this product in about this strategy new use for cash. You can walk away we if you return at any point. It's a two it's liquid so a 100% liquid I decline it but 250000. In last year. His policy date was September it is September. So we look at the September his new cash values to an 81000. He can take to 281000. Today if you want stepped. Exactly and so and then in the downsides protected from the market exactly so for cash a few of cash sitting in a bank. For a few if you non IRA investments in U wanna more conservative type return. With a minimum guarantees potentially in some upside begin at 211 and a half percent per year. You know wanna learn about this vehicle because it's inside of life insurance. But it's not why we're doing we're not necessarily doing it for the life insurance benefit. It's just only way to get just had to return now most advises are gonna talk to about it because the way we structure we make sure there's no surrender charges mean you can get out whenever you want. Most people that surrender charges to it in the could make it be penalized because they make more money. Obviously has a fiduciary when he deviated in the best form possible meaning if you wanna walk away. Tomorrow next week and next year you can get out its liquid it has minimal returns in has some upside she wanted to learn about this give us a call we have four appointments available for the listeners. Throughout November. Pick up the phone right now call 802277777. The of offices in Plymouth west Borough weren't in Hyannis again 80227. 7777. Are gonna SHP financial dot com specifically if you won discussed one of these vehicles we just discussed just make you mentioned that when you give us a call we gonna have another black Monday with a market dropped 20% like you didn't 1987. We read back to discuss. You're listening to as 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 when we were children we saw pediatrician for our medical needs we became adults we moved on to doctors that specialize in treating adults why because the care needed was different as we aged for over a decade this HP financial SL people all over New England enjoyed quality of life and financial stability by providing thoughtful retirement plans built on the foundation of reliable and predictable income coalescing HP financial right now and 802277777. And ask for a complimentary financial review or visit them online at SHP financial dot com. I decent many people have trusts for their families. Do I need one and what exactly can do for me how old Lisa legally make health care and financial decisions for me if I'm not well. What does the estate tax and how can I minimize what my family has to pay cut my protect my children from lawsuits are divorced. When you think about the comfort and security of your loved ones there's so many questions that the whole thing can seem overwhelming I'm attorney Keith McManus. And McMaster state planning will walk you through each step of our dedicated processed and addressed all of your concerns then. We create a complete and detailed plan specifically for you. We're committed to carrying out your wishes and protecting your family from the courts leans in the tax collector. You see the state planning isn't just something we do it's the only thing we do. When you're ready to start planning for the future comic menace estate planning it 5087788855. Or visit McManus a state plan dot com. With Election Day looming one thing certain change is coming whether we like it or not it's a good reminder to make sure that your portfolio is prepared for any outcome Collins HB financial at 802277777. For a complimentary financial review. And learn how they design retirement plans with the type of flexibility our changing world requires remember a change in leadership could impact taxes interest rates and the financial markets if your current plan is designed to deal with the uncertainties have changed you may be putting yourself at unnecessary risk policy HP financial and 802277777. To schedule a complimentary no obligation financial review. That's 802277777. 802277777. Or you can learn more all mined by watching their new webinar presentation about the election and how it can affect your investments just visit SHP financial dot com for more information. That's SHB financial dot com. And now. It's time for your weekly financial update DS HP's financial weekly market reports all the things you need to know about the markets and the economy and your investments starting memo. So we talked on today show while multiple areas of your retirement and hopefully giving you advice that you can apply. To help save you money or increase your return we talked about how to be smarter about your tax strategy in retirement we also talked about the election with the economy may have looked like we also discussed how to take advantage of your life insurance policy why you're alive if you missed the last segment we talked about a vehicle that's meant for cash accumulation. They you can put a lump sum and you cannot use IRA money you have to have not marry money so if you're listening. You that's a good chunk of money 10203000. Dollars or more of seedings just sitting in a bank or non married investments. You can utilize his vehicle to get a minimum return of one to 2%. Or the outside of the market up to about eleven and a half percent per year. Without the downside market risk in the move makes a really good vehicle number one my my wife and I invest in ourselves. But to walk away any point it's liquid so we build out our plans for our clients for safety incoming growth. I like this has kind of like the buffer for less volatility. But still keeping a liquid if I needed so you wanna learn more about that just felt it was important to mention again call 802277777. 802277777. Stars so this week's market report we did some investigation Matt and to my birthday miss her eighth birthday. October 19 1987 and apparently while celebrating my birthday and remember this from my parents if they were in the market that we're probably not having a fun day. Ed that's absolutely correct slow while you were blown out her candles on your birthday cake from the market was dropping over 20% set in a single day and so for all of our listeners that is October 19 1987. Is black Monday. And we want to provide some context for all of our listeners mainly Deke to give an idea because. Fear mongers love tossing out that term real well is to be another black Monday in on the black Monday Ali you know black Monday is coming. So we kind of want to help explain to people just provide some background as to why it was so scary. And then also would too attentive and say OK really this is happening again what you said just a puncture miss that whatever happened back in 87 obviously things were quite different back in 1987 as they are today in in the man standing on my right is an example of how much has changed you know since 1987 by the sale is the same you know study in the markets and he's a if yes do you go to the lawsuit journalist Sarah and on the collar area Woody Austin is better yes that is at the so some will let me first talk about why it was so so so scarier or what people still talk about it is a fact that. The S&P 500 had not fallen more than 20% in year only three times since 1970. So any year it only happened three times to it to hit that level a 20% drop. So to have that happen in one day. You have 20% drop in one day can be if we will always being green to people's memories. As to how scary and sort of panic driven it was. But it's certainly too that they had attempted to do it put a little political circuit breakers and different things that are are against it. Oh or try to prevent it from happening and again in the future so as I mentioned it it was a very very scary day will when you look historically. But here are two things they did one and really let people know about we get to put mentally it's historical context. The first is that prior to black Monday the stock markets saw a near vertical rise of close to 40%. Going into early September. So a move that high in less than ten months is almost as unprecedented as the ensuing sell off shares. So it's almost like a black Monday didn't happen people we talking about happy September or whatever it is to me to go 40% Menem on a time. Gives the idea of the volatility in it and in the type of price increase that what goes up must come down. No lastly let me also say for all the fear mongers out there is that these guys leave out are conveniently leave out the fact that despite such a brutal October. Everyone remembers a 20% down. The S&P 500 I ended up. It was it was possibly five or 6% of some ninety exactly was positive for the year so foul after all that if you're patient investor you end up five or 6% who threw all of which couldn't really you know reinforce the point that we make throughout which is you do not overreact to the news media in fear and everything like that because. If something as negative and as as panic driven as black Monday still you end up 5% top literally in and that twelve months spam. Gives you the idea that an unit in event as scary is that still pails in comparison to just time in general and having a good. And throughout and then that same thing met what's the bottom line is we open our doors in 2003 with our company that we have pain now. It's the same line you need to have a plan need to have a full plan not just investments off full overall plan in time if you have money in the market you need time. Yes if you if you gonna be taking money out of the stock market and selling stocks in your retirement. Good luck that's their. Some people disaster in life that till we wield his CO occasion people are easily even this past year keynote DC folks are upset and let's talk on the markets not doing better and things like dance like. People need to understand where we are also historically in that Simpson will Wear at the top of the seven year bull market. And the things aren't gonna go we don't rap video earlier and yet exactly rear remember every number I'm of the plan a member of the remember your history. So if you wanna get access to our weekly market report matches in a quick summary but we send this to actual full report out through email each and every Sunday if you wanna be included in it. Go to our website SHP financial dot com it's kind of good information to recap of our radio show though thought of the week you know as a lot of good information on there. Again SHP financial dot com and you can go in newsletter sign up. Also when your on our say SHP financial dot com. You can submit your question in the week and each week we'll pick one question of all the increase ever receives to include on the show. So this week the question was from GM in middle borrow kind of near me in the question is a fine Harry investments like stocks bonds or mutual funds. What taxes will IO and how can minimize the burden so that sounds like she might be inheriting money what's attacks ramifications of that. Well I mean based on that question nose and quickly interjected mean to certainly taxes can be tricky depending but. And if it's IRA money because that's one thing the question didn't really specify that if it's IRA money month foolishly that's going to be fully taxable on her income tax level. For senior stretch well that's very true good point and it's a little to explain houses and so. Even IRA and you inherited you can take what's called inherited IRA which means you can still invest the money where you want. But you instead of you steer requires take minimum distributions even if you're fifty have to take a little bit out each year. We enough force to take the whole thing says it's IRA money sort of it's not Larry and if it's good to get a good news if it's non IRA money and then she should receive what's called a step up in basis so let's say for example it was her dad that bought that stock in G. Sixty years ago. She will now inherit the value of that GE stock today yet so if she were to Celek then basically they wouldn't be any capital gains on those tax one caveat Klein in last week I'll be quick the mother had converted to a year in all public trust in 19990. Yeah which is really say what is does reset the Cosby suspected then. So particular client didn't get the updated cost basis so wasn't as favorable. For most circumstances if you're inheriting money from a general stop on the town that is not inside and hear more public trust that's an irregular count. I jointly owned cal or vocal trust you should be fine but again again these are all questions every goal for our clients every time we have a situation that comes up. And you should be having the same conversation with your advisor not only on taxes the building an overall plan looking at investments. Being com. Health care legacy taxes all of that is what we call our retirement road map and that's what separates us from the rest of the companies out there that we look at each and every area for you. If you need to get a second opinion are you concerned about your retirement we are a little busy November because we have choir reviews we have holidays. Well we do have four openings for you to come sit down with a so one of our offices in Plymouth west broke Woburn are Hyannis to pick up the phone right now don't procrastinate getting in the town there. The number to do so is 802277777. Against 800 GT 77777. Or go to SC HP financial dot com. Really important sick with a stick to break because immediate backward and ever beat you with three important takeaways from today's show. You're listening to us HP financial retirement road map show your guy Jewish successful retirement. The phone lines are always open at 1802277777. Stick around the guys will. We'll be right back this is a time of year we make lists for everything from food to gifts to family visits hi this is Derek remark co-founder of SHP financial reminding you to add one more very important item to your list yourself. Now's the time to make last minute changes that could save you thousands in taxes for 2015. Call us now offer complimentary financial review if you've had some losses in a volatile stock market this year what checked to see if your current risk level is worthy of a happy new year our review only takes about an hour just might see eighty thousands to take some time off for yourself and schedule and no obligation revue with our team call set 802277777. This year give yourself to gifts to financial independence costs HP financial today at 800. 2277777. Or visit us at SHP financial dot com. For over a decade in this HP financial has helped the people of New England lived more secure comfortable lives by providing safer more complete retirement plan to call us HP today at 802277777. That's 802277777. You know how much risk is in your portfolio of hi this is Keith Ellis co-founder of SHP financial in times of market volatility it's even more important to have the correct amount of risking your investments and SHP financial weasel crystallize the award winning risk engineered technology them mathematically -- your -- number and align your portfolio to match crystallized replaces subjective terms like conservative and aggressive with a -- number from one to 99 precise way to measure your exact comfort zone for downside risk in potential upside gains are US sixteen or 67 visit SHP financial dot com and click what's my -- number into the quick five minute questionnaire in you'll instantly determine your own personal risk number then we can build your investment portfolio to match in clearly define the path to your financial goals put the most advanced technology to work for you find out what your -- number is two day visit SHP financial dot com and click the link what's my -- number that's SHP financial dot com. Your June 2 SHV 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't come now here's your host Gerri great. She's jealous as part of our entire road -- recap we want to leave you with three takeaways from today's show that you can learn from and apply two year old Myers today we talked about the election and how might affect the economy we discuss how to be smarter and you can buy your tax strategy retiring we discussed ways to take advantage of life insurance why you're healthy why you're alive and we also discussed the market report in terms of some historical events that happened. In the market summoning go to UT first what was your being take with. Today show we talk. Quite a bit about the presidential election in 61% of Americans said that the elections gonna have what they believe degrees affect the economy. Serious effect on their portfolios. Moving forward in a wanna think man again for putting together a nice webinar on our website SHP financial dot com so the main question that we get you know when we do our programs and questions that I get is how Rosie election at affect me. Well that's why we put together this webinar so I recommend ever going go there in the early elections rain around the corner it's a great way to kind of learn from history in the ABC the future. Matt what Jimmy take way else to do to drag me to brag about you haven't you can see hitters and you know you just technically only had here and he's right. Okay that's my take a half now. Poses a -- Canada's best of the market report any kind of goes back into history in context is just remember a black Monday and everyone does especially could do that live through it. As mentioned 20% down in one particular day would sort of people will not forget that type of panic when it comes in the markets but always remember too that the market ended up that particular year. And some positive as positive that year so even after that panic even after one of the scariest moments for the stock market sort of in history he was still positive so I want people to enough focus on the fears so much and just focus on the long term mystic do you plan stay disciplined and in the long run the end of positive and that's. Really device both you guys from my south take away and really to be product specific but in this case I'm actually going to be because. As part of our overall playing philosophy our retirement road map looks set five key areas of retirement. Income investments tax healthcare MI DC as part of our income and investment plan. Our philosophy that we following are all Myers with their own clients and where their own families is to have. Proper allegations of money so you only have a certain amount of money to put concerned places so if some of it in our opinion this three categories to put it in you can put it into safety. Into income or into growth. In most of our clients have a little bit into each they wanna make sure they put enough to cover their income gap. Without a ton a risk that's their income money they won a long term growth plan that they don't need touch for five to ten years that they can take advantage of the stock market. That's a growth plan. What about the safety yes that's what about the money that's not correlated to the market risk doesn't money am tight on money that doesn't have stock market risk. Almost to a just put it in the bank because it's safe obviously and it's there. What do what if there's an alternative that can be a lot better this some amount families and a wife and I did a year ago we had really good returns and it. Bottom line is is a vehicle that you can potentially get into you. Has a minimum return of one to 2% which is kind of similar to what they were more my clients are getting in the banks if not better. You can walk away any point. When you return there's no penalty to get out and you also get either the minimum of one or 2% for the upside of the S&P 500. Up to eleven and a half percent per year. So I advise you strongly to learn more about this vehicle it could be a difference again between success and failure for that part for that portion of your money to get a better return. You still keep a liquid for you have to want to learn more about this we have four appointments available on the month of November. Call 802277777. Again 80227. 7777. For good SHP financial dot com look forward to talking again right here next week on their retirement roadmap radio show brought to you by SEP financial when you're building a whole new. Need more than just four walls. You need a roof you need a foundation without these things your home would be incomplete the same can be said for your retirement planning. Hi this is Keith Ellis co-founder of SHP financial if you're financial advisor is only looking at your investment portfolio. It's like having a house with no roof at SHP financial win we Cree are customized retirement roadmap plans for our clients managing their investments is only one part of the process we include income and expense planning inflation protection tax reduction strategies in health care in a state planning. If you're curry advisors not talking to you about these important issues we invite you to come in for complementary no obligation retirement roadmap review get a second opinion your retirement well being could depend on call 802277777. That's 802277777. Or request your appointment online at SHP financial dot com. With Election Day looming one thing certain change is coming whether we like it or not it's a good reminder to make sure that your portfolio was prepared for any outcome Collins HB financial an 802277777. For a complimentary financial review. And learn how they design retirement plans with the type of flexibility our changing world requires remember a change in leadership could impact taxes interest rates and the financial markets if you're currently in isn't designed to deal the uncertainties of change you may be putting yourself at unnecessary risks Collison each key financial and 802277777. To schedule a complimentary no obligation financial review. That's 802277777802277777. Or you can learn more all mined by watching their new webinar presentation about the election and how it can affect your investments just visit SHP financial dot com for more information. That's SHB financial dot com to. These retirees are feast with many fears and challenges. When I outlive my savings and we'll my medical expenses be too high. My money's in stocks what will happen to me if we have another market crash. As a retiree pre retiree but if you're asking yourself these same questions and fear not. This is Matthew pack certified financial planner and host of the retirement road map radio show heard right here on this stage in each week. My partners and I'd SHP financial have just published her new book. The SH OP retirement roadmap. In this book we showed you how to create comprehensive retirement plan that focuses on five critical areas from your financial life. Income investments. Taxes health care and state planning. Right now you can download the first chapter of our book for free so grab a pen and visit retirement road map book dot com. That's retirement road map book dot com for your free book chapter retirement road map book dot com.