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Retirement Planning Strategies 1.7.14

Jan 7, 2014|

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The information and opinions expressed on the following page commercial programming are those of the hosts and their guests and do not necessarily reflect those of this station. -- around me. When -- There -- a yeah. Yeah there. Dude man. Okay. Moon. -- welcome this morning and we'd like to invite to stay with us this hour word during retirement planning strategies. My name is that are -- and you can reach me anytime at 91376889. We office and always -- just talk fire 35 on Santa Fe. As the east on -- FAR Merlin road. What are our show is about it is we work with view and try to give you some ideas. That could help you. In planning for retirement. Because some retirement planning is really all about having the funds available to. He use them and retirement for income purposes. As she won't have most likely a continuing occupation. With that steady in town so we have to put the money has side we have to make sure we don't lose the money. And we have to have the money available on a planned to. Strategies to access it in a way beneficial to us. To contact us again you can use the phone number 91376889. Or the web site. Is handy to use some Matt's safe money RX dot com. And I've been told by listeners that I shouldn't. Emphasized that it's safe SA FE ED. MO NE YRX. Stock car. Because apparently somehow I come out and save money so forgive me on that. At any rate. A couple of different approaches will bring up today and I'll actually ask you to maybe take some notes if you would because. There a couple of things I think that you should -- for reference points. I'm in the past we've. Talked a little bit about the comptroller general of the United States under Bill Clinton and through. 2007. With George W. Bush and his name is David M walker and I'd like to plug his book which. I was happy to receive at a meeting with him up in Topeka Kansas a year and a half ago. And mr. Walker's book is called comeback America. And the sub title is turning the country around. And restoring fiscal responsibility. So let's first diffuse those terms restoring fiscal responsibility what that means business live on what you make so to speak. In our country is in the habit of spending more money than we taken in taxes. Generating a debt that we then have to pay interest on. And and undermines. Our current situation and it's very likely now undermine our future. If we don't get a grip on mass. We constantly see this problem coming up from -- I bring up -- up and retirement planning strategies because wryly. The landscape in which you operate the landscape in which you live in retirement. Could change. And it might not be in your favor. And we do you recommend this book for a sober look. At how the finances of our government Iran where were taking and a three dollars some sorry to dollars in taxes for every three dollar -- we spent. Then we add that extra dollar and our debt and paid interest as we borrow money. So eventually you this could end up with a currency crisis which -- issue might -- own some gold or silver. Which we can talk to you about an office. You may even one -- platinum and palladium. Because our currency. Is sort of trade and economic football these days. We're devaluing our money by printing money. They start in the non reality of growth and economy. And spending at a time when we're not replacing it with tax revenues. And of course. If we were attacks at the rate we were spending we'd takes so much money out of the economy. And that and out in and of itself. Would be quite a drag on the economy reducing. People buying new cars. Upgrading how. Who's opening new businesses employing others. There's a lot of aspects here which all fit together. And it's very sobering. To look at it in the terms. Presented by the head CPA. The United States during the Clinton. And bush -- us. David Walker where he talks to you. In simplified terms. In ways that you can understand what exactly is going on. Has our politicians. Forces. Deeper and deeper into a corner. That someday we'll find our back up against the wall and we'll have to do something about it he even forecast that there should happen. Between 2000 -- In 2023. And no shares he expects to. That the death -- of increased so much to this out of control spending spending to improve the economy as we do. In our keynesian world these days. In such a way. That we will grow our debt to the point -- service on the debt the interest -- We'll slowly catch up with an overtake. How many tax dollars we. Are able to harvest from the economy. Very sobering thoughts now this will. Affect the retirements of baby boomers. I'm a baby boomer and I'm proud to be so but I'm gonna tell you that you and I we've been -- may. Xanadu if you were all over the last twenty errors where everything is fixed. By borrowing money spending money we don't have. And acting like that comes from real positive economic activity. From the profits. Of what's going on a few well. -- debt spending. Have any of you out there ever experienced a period of time when you bought too many things on credit cards or got tight on cash and use credit cards. And then found yourself struggling just to make the payments. While. Our country has been doing that now essentially -- Vietnam. And we need to be worried about us. And particularly. Use those of you listening. It'll well affect how you're going to be able to subsist. Instead of thrive perhaps in your retirement. Now we're gonna approach to different points today. And I'll mention them now and actually we may go to three if time allows. But one of the points we'll talk about his retirement income thoughts for those of you that are near retirement. War. Currently retired. And I'm going to buy for -- dad and say that that's one group of people that have a certain set of circumstances. That are. Right now playing out and they need to act appropriately. Prudently. And with good sense. Will also try to discuss perhaps. What you might try to do in retirement to condemn -- yourself in the event that you would have a serious -- grave illness. Which should artificial lead into. What you save for retirement. But will start today. First off. With those of you that are currently in life's midstream. He probably have kids at home. Are planning for their college expenses. You're building a business. Where you're trying to climb that corporate -- And may be you're looking at. How are you just pay your current dolce and sometimes it's hard to -- put your high in focus with a rifle shot approach. On how to build for the future. If we're gonna do that before younger. Younger than me as a matter of fact so I'll speak to you and a father -- -- -- fatherly manner. If you're gonna build for the future -- I think it would be appropriate to consider what taxation might be in the future. So I'd like to frame. The discussion. Of those have you in the mid stream of life. And how you should matter how you could opt to plan for retirement in a way. That frames the discussion. On the likelihood and of Europe taxation in the future. And that's a different way to look at it is not most of us just go to work. Most of the people are now going in and they just have a certain amount deleted from their paycheck. They say a little money this year on taxes. It goes under their 401K. And they just pray and hope that that's gonna work out that their selections were an opt. And that they can grow money for retirement how about instead. Looking at work -- From the future backwards. And let's talk about. The consideration. Of how taxes are today. What historically. Taxes have been going back through our country's history. And what does the future hold. Now this is almost a quarter as Simon warned you that come and ask you questions I'd like -- answer them please be involved. Even in your chair in the -- your car. We're gonna start things off more -- Korea us and we're warning you because we want you to respond to see how he really considered this. Sometimes we do this with groups of people we consider to be interactive. But go ahead and make notes any answer we want true involved if you work. Now again my name is set our -- my number's 91376. Say 8090. And we're happy to talk to you privately confidentially. If you'd like to meet. Gonna ask you now what do you think the highest tax bracket. In the United States for our country has ever been. I mean if I talk to people now they all would say -- taxes are terrible. But thinking back historically. What really was the highest tax bracket we ever had. Well you'd be surprised to know that and the last two years of World War II the highest marginal tax rate reached 94%. For any dollar. That humane above 200000 dollars. So. At 200000 dollars your income would be taxed at 94%. That's the fact. Can you think -- anyone back in that time that even made 200000 dollars. Well I'll give you a hint. Probably some people in Hollywood dead and one that I'll draw attention to. Was an actor in Hollywood in those shares made a lot of westerns. Made a lot of World War II movies that type of thing and he actually ended up being a prominent politician. Can you think can do that might be. Well all go ahead and answer that question. In my case I'm speaking of Ronald Reagan. And that's exactly the person I'm focusing on the Ronald Reagan. Tried to. Keep his schedule down to about two movies a year and the reason was he made about a 100000 dollars for every movie he made him. In any dollar that he would make above 200000 dollars he only had the opportunity to keep. Six cents on the dollar. Now you have any idea where that six cents warrant and no I don't mean you went to his wife. And most likely went on to the statement which you live for California State income tax. So literally it didn't make any sense. For Ronald Reagan to work past the month of June if he had this to movies in the can. So he would routinely. Contract. To do to movies a year. Because after that he essentially was working for free once the taxman. Had participated. In his efforts for the year and garnered a lot of his wages and income tax. Now let's fast forward to the 1970s. We had to. Mister Nixon and office. Of course those were pretty brutal years we were in the last days of Vietnam -- centro. What do you think -- highest marginal tax rate was at that time. Well actually that's awfully easy to remember because the highest marginal tax rate. Was 70%. During the seventies. Pretty easy to remember. One thing it's extremely key here though. Is that that 70% tax still came in on any income a person earned over 200000 dollars. So they did not even just this total. To reflect the years and the depreciation of the dollar. From World War II. Completely up and through the 1970s. So that's pretty easy to remember. So we'll come back from we'll talk about what current tax rates are the let me ask you. How would you feel today at a 70%. Tax rate. That would totally undercut. Everything you've had. Planned every trip you wanted to make every home improvement you needed. Even personal care with the position. And we want should've remembered give us a call 9137688090. We'll continue with our tax and retirement planning strategy. In just a few moments. Thank you. Yes I can suddenly. Yes I cannot. Gee I'm afraid. I can see me. Welcome back to Suzanne Arlington. You're listening to retirement planning strategies. On 166 CA MT MBC's business channel. And work currently talking about what steps the person should take in the mid stream of life. When you have family children still at home. Here under the workforce. You're in the prime of your career what steps -- you take. To plan for retirement. And how would you look outside. The normal situation in the positioning that most people have where they just toss money in a 401K and pray that they make enough money for retirement. How would you consider it if he framed. That consideration. With the tax code and how that likely could affect you in the future. So we were talking about in the last years of World War II. The highest marginal tax rate over for income over 200000 reached 94%. And I believe in France just now they're also -- -- 90%. With the news socialist government of -- laundry in France. They've decided to fix all their problems by. Guiding the financial. Successes of those who made well done well and then made a good lifestyle when Europe. Now in the seventies we mentioned. That the tax rate was very high it was at 70%. And that was for income over 200000. Well if we think back to just 2012. Let's talk about somebody we all know as wealthy in these times like Bill Gates. Warren Buffett. And -- in. 2012. The highest marginal tax rate in those days and up to 2012. Was 35%. So how does that tax rate compare with the 1970s. Its exactly half. And in 2013. We took our first steps under the new leadership in Washington. The house so. Wasn't in favor but the senate supported our president and raising taxes because that's always a solution has -- and raise taxes. And currently those taxes for mr. gates have gone up. To 39 point six. Now this 39 point six enough to keep you awake at night is at a high enough tax rate to cause shoot. Two. Be deeply concerned well I would hope so. Because you have to work into may have that following error before you get to keep your money from your occupation. But what happened. Did we hear anything about sizable spending reductions. Cutbacks in programs in order to be within our means no we just here. Raise taxes on the higher. Income groups. So. If you look back to a 1990s. We still had at 39 point six bracket during the Clinton administration. And during those jurors. Most of us felt pretty bullish because the stock market was on a roll. As a matter of fact if you were to put a 100000 dollars in the S&P 500 about 1990. You can take a nap out to 1999. And that 100000 dollars in a tax deferred account. Most likely -- sucks to pulled. You would have gone from a hundred to 600000. Dollars. And censure not paying taxes on that money while what's inside your 401K or IRA. He might feel pretty good about that. Because that's so historic. Growth in our market. The question asked what's the tax rate going to be as we move forward in time. Do you think taxes will be lower. The same. Or higher in the future. Dan Simon asked this question. If you're planning on retirement is at all about how much money do you have. Or how much money you get to keep. After you pay the income tax I think you should be so overly concerned about that. So the problem is when I talked to people today they think they're being taxed and outlandish rates. In if we look at history. From 94%. And 70% to now 3939. Point 6%. We actually might be in a period of time. Based on our financial and economic situation. That taxes are actually on sale. This might be an excellent time in that taxes are on sale. So. What should we do. Ball more -- thought so we have this is especially for people that are younger. And those that are in the middle years of their life. We might suggest to you that you might wanna look at a couple of options one -- first off are you finding a Roth IRA. The Roth IRA. For those -- you don't earn over a 180000. Dollars and again consult your accounted for any particulars on that. Could be a good place to park money. You will not get a tax deduction to put money in the cross fire -- But it will grow without Texas. And when you reach your retirement years you can access the money without taxes but -- limited there. Most people are going to be limited to about 6000 dollars a year they can put in such account if you're older. 6500. Again and speak with your account moments. What could be a problem though with our retirement program. Well if you noticed. We -- seventeen trillion dollars in debt. And if we take money. And save it without paying taxes deferring it to pay and at a later date. We -- just taking on a business partnership essentially with the IRS. And we're going to go allowed them to share in our gains in the future as we spend the money. When taxes may be considerably higher. In fact what if they were double. How would that affect your retirement. In fact. We used to just bailout companies here in our country. When things got bad. But we currently are bailing out other countries. So the the question I have is that if you had to pick two things that could really affect your future. Value of your money. In terms of how -- you have. Despair and what would be the biggest problems. Well the first thing most likely is that the baby boomers are maturing and it was a huge demographic bulge. And what's happened is assess their retiring. Or having. A large straw down upon the infrastructure of our country both in Medicare Medicaid. And also on Social Security. So Social Security began in 1935. Under the Roosevelt administration. And in those days there were about 42 people who deposited into Social Security for each person taking money from the plan. Today. Unfortunately. That number is three people pay into the plan for each person taking a benefit out. And by 2001. Need. It could be down to -- -- -- Looking at our demographic charts. Show the problem here is is that -- that demand for these services says the demand for money from the government builds up. We should be reaching a point in time. Where we have two options and I'll refer back to David Walker's book comeback America by David Walker. He says that by 2002 warning. We have to either cut our spending in half -- a country. Or we have to double the income tax. Any ask questions he says. What. Would be the reason for this it's a four letter word what's a four letter word that's the reason. For this need to increase taxes or cut government expenditures. When I was in a room I didn't see anybody answer correctly that were about 35 financial people in the room at that time. And his answer is math. It's very simple. You have to look at how many dollars are collected in taxes vs how many dollars are going down. Now in our office. We commonly work with people to show them away. To start out of retirement planned to have partially fund their retirement. With accounts. Not wall allowed them to deposit money in the account. Build it through the heroes without taxes. And when they access the money in their retirement they have access to that tax free. This is very important to blend -- I do not believe that everyone should put all their money into the 401K as a matter of fact to -- -- time again at the same meeting. Where I was. You see the 401K plan was so popular in days gone by because. If you work -- company XYZ if you put a dollar and they might match a dollar. If you put in a dollar some other companies might input might import seventy cents from the company but those days seem to be long gone. And we are encouraging people to at least consider. Just -- costing in the 401K the amount the company will match. That way that free money -- camera and will come back with some ideas. About how we came to have approached this for you we'll see on the other side. On this day. Love you give snow the days you. It's. Either -- it's economics knows my game go silent so to the company's talking. All right we're we're coming back to you and we're gonna pull forward to a thoughts we had our last segment. And and really you know associated remind Dirk and I were talking about and and what's what's really hard to express overthrew. Large. Gray microphone and across the airwaves. It is. A philosophy were gonna take a stab at a game and that the first is is that. Most people realize that they're going to have money units in a taxable account. And that's going to be their bank account -- there. All perhaps they have some mutual funds and hold. And ma'am may be announced stock that they inherited -- -- a dividend on and it could be your money market account. These are accounts that you have -- may pay. Varying amounts of returns usually at the bank right now there and there. Quite an impressive historically low returns. But every year whatever you do make. You get a little love letter from the prior arrests. Where you have to share with them the in the first. Can't -- you have is that you get a 1099. From the institution. Working -- a flight a bank here in town. Or your fund company. And you have to. Admit that you learned this much interest or dividend. Her capital gain. And that goes right in with your pay. And you have to saddle up with the government and sharing issue go -- now is that a bad thing not at all you have to have a certain amount of money in this account. Because your furnace could go out when it's twelve degrees. Or -- transmission as bad or. A child -- car and you gotta have this liquid money available it's intelligent it's prudent. However. I often have people come and they have way too much in these accounts. Dirk and I met a gentleman here recently I think that hadn't set venerate. CDs at a bank all of which. We're paying you know you know today's interest rates -- the bank wasn't treating him pour late. But whatever interest he earned it was sending out being taxed for the year and he had far more money in these CDs. Then he needed. To cover a shortfall like a furnace going out her rough being bad. So in this case. You need to have enough money in NASCAR camping you can certainly have too much. The second account is the one we feel there's a lot of mistakes made so bucket won -- taxable. Pocket to his tax deferred. All right tax deferred a sample. In fact it could be a simple if you own a business. It could be an IRS. It could be a 401K. A teacher -- -- 403 B a minister a five vote to see. All of these accounts essentially are qualified or tax deferred accounts and that's docket number two. The problem we experience if we believe and if we can convince issue. That there's a high likelihood of higher future taxes. Is that so many people are using. This account. To deposit everything -- And when -- unify us and all the money in the taxable account and if taxes tax deferred account excuse me. And if the taxes now are on sale. And in the future of the taxes are higher. Well they're sign -- up a business agreement with the I arrest say that they -- sharing in the future. The money they put in the account and the interest they've made in compound it. In the future of potentially much higher tax rates. Going back again to what David Walker says. And come back America you have to get this book it's not expensive. It's a best seller. I have it here and trying to meet. And if any -- you remember Paul Volcker. Who was the Federal Reserve Chairman -- some quote by Paul -- about this book. Please read this book by David M walker. No one has worked harder been armed with more facts written more clearly and been more dedicated to the mission. Are restoring the confidence. In our fiscal affairs and trust in government. How's that for -- that's Paul Volcker are speaking about this come back Comerica Park. So what we're saying is. If you're in the mid stream alive we'd like to have you come -- if you're apt to do so and let's discuss a third option for you. Not taxable. Not tax deferred. How would you like to have a tax free bucket. Yes. An account that you put money and double provide you a number of benefits in the short term. But the real targeting mechanism is that is way out in the future when you decide to retire would you like to have a third source of money. That we -- access the funds. He do not receive a 1099. And you do not owed taxes on the money that you've deposited or the money is that you withdraw. Is this a panacea. What's the drawback is it too good to be true well the those drawback essentially is is that you won't. Get a tax deduction currently for this account. You will not. So. Our theory in our prognosis here though is would you be better off paying taxes now in your current tax level. To then have the money I've accumulated with no further taxes. And be accessible when you retire. With no further taxes. I think it's an X want to idea to consider. Because of tax rates go up. You haven't got a chance to save enough -- tax deferred vehicle. To live on in retirement. It's tax rates go to 506070%. Again. And that's not crazy it's happened before and we didn't have. All these do letters by and cellphones for people on the federal tab. Like we do now. We -- have people extending. Unemployment benefits on forever and we didn't have record. By percentage numbers of people filing for him being approved for disability. As we did in days gone by this is. This is an onslaught on the future in the government there's another problem. Because of the demographics. If you'll recall. Where we started out with a very high number of people paying in -- so security. Purses those taking money out 42. To one innocent initiated the program and now three to one. As it is currently. Let's not also forget. If you'd like to have this tax free bucket. What effect is going to be on the debt -- the country. When it. People continue to live longer. And longer and draw the Social Security benefits. For. Decades longer than was first intended. In 1935. When Social Security went in to force the average person. Lived to be about 62 or three years salt. So most people. Never even made it to 65 which was -- earliest stage you can draw Social Security in those -- Initially Social Security. Was really intended to be insurance against living too long. And today. Most of us look at Social Security as a right we have. As. A guarantee of the government. And through the shares from 1935. To 2014. Now. We now see people. Living well beyond those shares and when we talk about. -- aging out. Financial planners -- in a room in the number comes up all the time 77 B eight years all 77 to 78. His -- average life expectancy. Unfortunately folks that includes infant mortality. And if we take that infant mortality out and we talk about people that -- age 65 what's their average life expectancy. It really becomes more like 28485. Years old. So that's a tremendous number of years -- and a twenty year Ers are drawing on Social Security. And that was not the original intent of -- was a sound rule to begin -- The demographics have forced to change in reality. But not in the practice of the program. So I do encourage you our web site is safe money -- stock com. And we would encourage you if you have opportunity to law again that's SA FEM ONE YR. Ax. Meaning prescription. Dot com and look at some of the resources we have. And my name is set argue I can also be reached at 913. 76889. Now I wanted to bring up an endorsement. And I'm clearly endorsing SS with personal pride. But I Dirk and I both have found the art studio. And art store if you will called prairie brook Hart. And that's here in Overland Park, Kansas and it's it's 7900. Santa Fe drive. You have to go in and see the fabulous. Display of art they have. And visit with them about their professional decorating services which are available. Not only for your home but they specialize in businesses to. They can make your office. Really shine and when we back in just a moment so to me. Welcome back. The first segment we talked about the future likelihood of our taxes so potentially being higher. I believe that say. Reasonable. Point of view and we were -- in that more people do. Are in mid stream of flights this segment we're gonna focus more on people that. Are near or in retirement and that's really a different approach I believe. Justice I believe what we do. Is different than investment plan and I believe we are safety oriented. We are oriented to help you keep what you have. Earn on what you have. And live on what you have rationally and prudently. With a strategy that first and foremost includes safety. We did get a call in the interim period that I wanna address I mentioned -- broke hearts. And already have a call in the number there is 913. 341 and 0333. And we do recommend them because we've seen some of their professional solutions actually had an insurance company office. That and probably should be listed are now. I'm some sort of art tour it's beautiful over there but prairie book art. And you have to go in and see the more heads right in downtown Overland Park it's always fun to go there and browse some of the shops. -- in this segment we're gonna talk more about the people who are retires. Or the people who are near retirement. Or don't we all know people that are still running businesses that. Essentially. They just don't feel like retiring knowing what would they do with all that time so to speak. And you know what. This is one of my primary customers that comes in the office. There of the people that have already won the game. Real late. They've saved enough. They haven't bought a new Mercedes all the time they haven't gone out every time and had dinner at a restaurant that was so expensive. And topped it with fancied. Costly vintages of -- They instead have kept themselves. Within their own personal parameters. And they've been able to save money that's going to be suitable enough to take care of them for retirement. And -- see approach with this person. If there in my office the first thing I'm gonna say to them is if you've already won the game. Why do you still have your chips on the table. If you've already enough to retire on comfortably. Based on historic returns. And careful management. Is there a way that you could approach retirement without taking the risks. How the stock market. So let's let's talk about this in terms of heading out to Las Vegas have you ever traveled to Las Vegas. Isn't it just amazing. I mean it's a fantasy -- out in the desert beautiful luxurious casinos hotels and services for your every women need. And Lotta people go there they go there for scheming and slots poker poker Keno. Betting on sports. Well if you really stop and considerate and it is a wonderful break for most of us to go there are a lot of that are out there. You do know however they didn't build all those mega complexes. By paying out. More than they kept in gambling losses. Clearly. They went a lot of the time down there. So what you did at the Vegas table was a legal place to risk your money for a shot at winning. The challenge and throw the game were all part of this involvement. Well. How does that compare to Wall Street. Does it compare to the Las Vegas experience. Have you ever been terrified by the market. Concerned or scared well this is not a new or extreme event. The markets historically have had good and bad periods bull runs in bear swims. We always hear from clients now about the effects that 2000 to 2002. -- dot com bubble. What effect that had on them. Psychologically. And financially. When they got slaughtered. From 2000 to 2000 -- Now if you have a special skill a special training a special ability. To define such markets. We're really not the people you need to talk to that's for sure her. Where are the ones that you come talk to if you're just hoping. That that's gonna continue to be the case that your gonna have. Excellent returns in good and bad years. You don't need to speak with us were trying to tar. Two's the 95%. Of you that are 55 and older who just flat don't understand it and don't need to take that risk. Especially with what you've been able to save at this point later in your life. When you have a lot of difficulty re accumulating the fund should they go missing. So. We also talked to a lot of people who come and serious about 2007. Through march of 2009. That was quote the mortgage mess plus net. -- in those shares many investors were totally -- to. In 2002. The the average loss or the loss is represented by the S&P 500 was 47%. And equities. And in the sub prime debacle the loss was 57%. -- stand that there. Mean if that recovery curse. Can you stand that. And I'm just gonna say this is plain and bluntly as I can would you like to talk about awaited just keep what you have. Make a fine guaranteed return on him. And step outside the casino now. Because now you've reached the time in life we shouldn't you'd like to. Make use of what you've saved. If you're excited by being there if you know how to do it if you're particularly skilled. We are not trio. If you're the person however who's just hoping. That all that's gonna go well. If you are someone on the other hand who thinks. The way the government is running. Makes perfect sense. And that everything that's going on in Washington while we're able to create now four and a half years into these quote recovery. Somewhere around a great deal like a 180000. Jobs a month. Although they come back two months later and tell us they were wrong. If you think that that is sound economic footing. For this sky high stock market right now. You shouldn't come see us. We're not free -- if on the other hand you might like to look richer gardens and say. Well I've pretty much recovered from where I was in the down times and I'd really like to avoid any further turmoil. That's who call also said 91 parade. 768. PD nine. We don't -- reinvent the wheel with you we just wanna solve that problem for those that feel it's an issues they don't wanna face. A third time in fifteen years. The market has been terribly volatile. You to comment and tell me why it's so hot. For printing. Still like eighty or 75 billion dollars in bonds. Printing money. Buying bonds. We produce a 180000. Jobs a month. When the natural flow of new human capital people graduating from high school and college. Eats up about a 132500. Of those 180000. Jobs. I do not see. How panacea here for the economy. Japan. Has turned on the printing process there at a valuing their money. In order to imitate us but they're doing and on steroids the Chinese hold an enormous amount of our debt. And they're beginning to get aggressive in the South China Sea. And what happens to the stock market and if so -- Israelis Jenrette get tired of us pussy foot around. In the Middle East in the Israelis. I'm not saying they're gonna do -- what if they go over and knock out all those reactors in Iran. How would the stock market react to that. Is that worth risking your retirement. Now if you know how to quiet and you can make money when it goes down it might be. My thought is is that many a view that -- would like to find any prudent safe sound. Let's call it insured way. To take the money off the table and protected so that it's there for you -- news. And if you don't require the use of the money so that your kids and inherited it. Because was about 4400 clients I can tell you one thing I hear from people every day. My kids are sure -- need just a lot more than I do. While. How about taken a step aside. And placing yourself positioning yourself in a way that can't lose your money. We can be found it safe money RX dot com. This is retirement planning strategies. Where the safe money guide us we love to hear from -- -- 9137688090. Combined. And around me. When -- Yeah moon.

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