RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:00:00]

MALE: You found it, it’s your safer place for retirement planning. Prepare to be coddled in pure fiduciary goodness with your host and president of Decker Retirement Planning, Mike Decker and his co-host, Scott Drake. This is Safer Retirement Radio, if you’re in or near retirement, listen up and learn about a math-based principal-based approach to retirement that is designed to help you enjoy a safer retirement. These strategies are to help protect and grow what you’ve saved and live the life you want today. So grab a pen because your safer path to retirement planning starts now.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:00:38]

MIKE: My oh my everyone has it been a great summer, hopefully it has for you. We’re coming up on Fall, which is great, Autumn for some of you, but what a great time. Summer, visiting grandkids, going on vacations, I just got back myself from a trip to Alaska and it was incredible. Not only did we see wild bears, whales, caught some salmon, coho and pinks and all sorts of things. I mean this was the time to really relax and hopefully you were able to relax.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:01:10]

MIKE: Now, they’ve said it’s more relaxing to plan a vacation than to actually go on the vacation and well, that could be true. But hopefully you’ve enjoyed your summer and now we can settle into the Autumn season where the leaves turn a little bit different color, that we cozy up a little bit more. Maybe a few more hotter drinks are coming out here and this that and the other. The reason why I want to talk about vacation or open with that here on Safer Retirement Radio, this is retirement planning, and time is he most precious commodity.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:01:41]

MIKE: And I’m aware, I’m not the only guy on the radio or podcast talking about finances, let’s just say it how it is. But I think I am the only guy that’s against the common consensus, I’m not upset, like most other advisors, that people will spend more time planning their vacations than their own retirement plan. And now when you put into context, ok well the assumption is, well they haven’t spent any time on their retirement plan and they’re just winging it, well I would be upset about that as most people would, especially with all these fear mongering news titles coming out.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:02:23]

MIKE: And it’s hard to even get away from this idea, oh recession may happen, trade war, and all the news just over and over that’s fear based. But if you’re a retiree and you’ve planned with a math based, principal based plan, who cares. Now I don’t say who cars lightly, a recession is devastating, there’s a lot of jobs that could be lost, there’s a lot of hardship that would ensue upon those who are still working and haven’t saved up the assets to be financially stable or financially independent. I feel for, and this is one of the few things I love Dave Ramsey for, is he’s helped a lot of people get out of debt and become financially independent for when those hard times should happen.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:03:07]

MIKE: But for a retiree who has saved up enough assets to retire and is using a math based, principal based approach, these recessions are just gonna happen, the crashes will happen or should happen every seven to eight years, that’s historical. But when you plan correctly it’s kind like, so what, and here’s what I mean. When you follow he three principals that govern proper retirement planning, which is one, never draw income from a fluctuating account. Two, diversify by purpose not just by investment, and three, use a distribution plan to plan out your retirement and now the pie chart guesser.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:03:46]

MIKE: We don’t want to play retirement roulette, we want to know down to the month, next of tax, how much you can spend each year for the rest of your life with the cost of living adjustment and organize the assets with the second principal of saying, okay these assets are gonna grow for five years and they’re gonna distribute assets for five years. No income annuities and lifetime income streams and this, that, and the other that have terrible returns. We’re talking about deliberate and focused planning here using a structure that we didn’t invent.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST   [00:04:15]

MIKE: Distribution planning has been around for a long time, I just wrote the algorithms that have enhanced it and we call that here, a safer distribution plan. But I want to liken the analogy here and why I’m not upset about those who are spending more time planning their vacations this year and next year, and for the man 30 some years to come for your retirement, here’s why I’m not upset. Listen up folks this is fun. There’s a lot of time… let’s do a car analogy… there’s a lot of time spent into building a car, let’s say a Mini Cooper, I drive a Mini Cooper, love it.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:04:49]

MIKE: A lot of time is spent into building that Mini Cooper. It’s fast, it’s fun, it’s zippy, it’s stylish, it’s a great time. Now there’s very little time I need to spend on that car, it’s a quality car. There’s very little time I need to spend on that car maintaining it, because why, well oil change here and there and every 10 thousand miles or so for that car in particular and then, eh, you know maybe 20 or 30 or 40 thousand there’s like a little checkup here or there but there’s very minimum time spend because they built it so well.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:05:26]

MIKE: Toyotas and Hondas are notorious for this. It’s almost like you can kick those cars as many times as you want and ding them up and rough them up and they just won’t die, because they’re built to last. When you used a math based, principal based approach, and specifically you’ve implemented the principals that govern proper retirement planning, you can sail through these recessions. Your retirement plan, as hard as it can get hit, it just won’t seem to die because you built it correctly. That is powerful folks.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:06:01]

MIKE: And if you want to learn more about that you can go to deckerretirementplanning.com. The number as always, 833-707-3030. If you have 300 thousand of assets saved up for retirement and are 55 years or older we’ll show you what this means in person, privately, at no cost to you. Now no financial decisions are made, don’t bring your checkbook, this is an educational one on one visit that we can do to further your research so you can have the best retirement for you.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:06:31]

MIKE: That’s the whole purpose, the decker review, 833-707-3030. You can go to deckerretirementplanning.com read up more on it, or on the very bottom of the screen you’ll see “Get Started” just click that button right there. People from the radio show are doing it every single week and it’s been a lot of fun, a lot of fun. A lot of you have been long time listeners, whether it’s been on the podcast or on our radio shows that are broadcast in the western side of the United States. But when it comes down to it you shouldn’t feel pressure to do something that you’re uncomfortable to do.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:07:02]

MIKE: Anyone that comes to the office I want you to feel the power to say no because you can’t honestly say yes unless you know you can say no and you’re comfortable to do so. That’s the kind of financial planning situation, office, and environment that people, I believe, would need to do proper planning. Non of this coercing and manipulation and trying to convince you to buy a product, that’s just silly, just silly. Now we’ve got a great show lined up today folks here on Safer Retirement Radio. We’re gonna be talking about the retirement timeline, preparing for retirement before, after, and during and all in between.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:07:37]

MIKE: We’re gonna be talking about transparency, how to build transparency into your plan so you don’t feel like you’re guessing or winging it throughout retirement. We’re also gonna be talking a lot about volatility and this is interesting, and I want to be fair as best I can here, I got a lot of grief a while back about an article we wrote about GE and, okay, to be fair, GE, you know they’re kind of in the spot light for a lot of different things here. But when you look at the buy and hold strategy with different stocks creative destruction’s a very real thing.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:08:10]

MIKE: Pick some of your favorite stocks. ATT, JCPenney’s or… and look at them over a long time frame. Is it possible to buy and hold over 30 years for some of these individual stocks, there’s a guessing game. Now someone did comment and say, well you can buy on the indexes, sure that’s fine if you don’t need those assets for 10 plus years then you may be okay in that situation. But for all the retirees I know, when they’re retired they need to be drawing income from those assets. And if they’re not generating the income that they need consistently it can be an issue. This is why the first principal is never draw income from a fluctuating account.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:08:54]

MIKE: Now, research high and low through the Wilshire database, Morningstar, Timertrac, Theta, we pay a lot of money for these databases, and we search high and low for the best managers that use two sided models, models that can make money in up or down markets. Markets are two sided shouldn’t your strategy be two sided as well. Based on common consent, operationally it’s easier to buy and hold. But that doesn’t seem to be in the client’s best interest because when markets go down now you’ve pushed out the break even significantly farther and if a recession is on hand it doesn’t make sense to buy and hold. Especially right now, I would say no.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:09:35]

MIKE: Now we’re adjusting our managers and finding the best people we can, we don’t really care who they are as long as they’re third-party verified, they’ve been through a crash and we put them through hell in vetting it. In this spring, we switched out one of our managers, and to be fair I don’t want to back test anything I want to use what we’ve been seeing as we’ve implemented it. And what’s interesting is, from mid Spring or so to today, roughly, if you would’ve invested in SPY or the S&P, you’re roughly flat depending on how you look at your investments and if you held up the whole time.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:10:12]

MIKE: For these two sided strategies we’re up around four percent. So if markets go flat, if markets go down, if markets go up, doesn’t it make sense to have a strategy that can make money in those situations. That’s called a two sided strategy and we have it here, so for all of you who are gonna be calling in to schedule a Decker Review and want to talk about other ways you can invest in the market, make sure on there, of one of the points of interest you want to talk about, just let us know that it’s of the two sided strategy.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:10:41]

MIKE: We’d love to open up the books, show you their names, their performance and talk about how they work in detail. These are great conversations to have especially in time before the recession because it makes no sense to keep your money invested if it’s just gonna go down. So let’s education ourselves, let’s get the transparency that you deserve. Most people don’t realize that these strategies are out there and it’s quite a phenomenal experience when the light bulb turns on, the eyes widen and they go, my gosh this is incredible, and then we have a fun conversation.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:11:13]

MIKE: When it comes down to it, whatever’s best for you. We’ve got to take a real quick break, when we come back though we’re gonna be talking about the retirement timeline before retirement and in preparation of retirement, as well as during retirement. The travel years, the casual years, and so much more. Stay tuned right here on safer retirement radio.

 

COMMERCIAL: Have you ever wondered how financial professionals can tell you how much income you can take each year of your retirement by looking at a pie chart. At Decker Retirement Planning, we feel the same way. Stop guessing on your retirement income and get some clarity with a safer distribution plan.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:11:46]

COMMERCIAL: With our proprietary algorithms that make up a safer distribution plan we can show you down to the month, net of tax, how much you can spend with a cost of living adjustment for your entire retirement. With this level of clarity, you can start enjoying all of your hopes and dreams while taking care of your wants and needs in your retirement. We developed a safer distribution plan for the sole purpose of helping folks like you enjoy a full retirement. If you’re 55 years of age or older and have at least 300 thousand dollars saved up for retirement call 844-404-3325 today for your safer distribution plan at no cost to you. Call 844-404-3325 or visit us at deckerretirementplanning.com

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:12:33]

COMMERCIAL: The term fiduciary has been used a lot by investment brokers lately. It essentially means that by law, they must put their clients best interests before their own. Though their hearts may be in the right place, the very nature of working in a brokerage firm makes it impossible to be a true fiduciary. The fact is, according to a Tony Robins study, less than two percent of financial professionals legally fall into that category. At Decker Retirement Planning, we are purebred fiduciaries, we always have been, we always will be.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:13:02]

COMMERCIAL: It means we are completely independent and have the ability to recommend any strategy and product available to manager growth, continuity, and legacy. It means we operate on a higher level of transparency and integrity. It means we think and act strategically, and always put your best interests before our own. Don’t work with someone who just claims to be a fiduciary, go to deckerretirementplanning.com and get a purebred fiduciary review at no cost, today.

 

MALE: Can you handle more Safer Retirement Radio, well can you? We thought so, so feast yourself on more math-based, principal-based, purebred fiduciary goodness with Mike and Scott.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:13:44]

SCOTT: Welcome back, this is Safer Retirement Radio, hosted by Decker Retirement planning. Mike Decker, the president of Decker Retirement Planning in studio with me, Scott Drake. The number 833-707-3030 just keep that handy, I would actually write that down at some point. It will become handy for you because it’s a number that has great value. This is a regular radio show where we talk about retirement planning, that’s a pretty common topic these days. But there are very few who do it in the way Decker Retirement Planning does.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:14:16]

SCOTT: Mike, thanks for joining us. I want to ask you… I’m sure that you run into so many clients over and over and over with a lot of similar situations. Do you run into clients, they come in looking at retirement as being something a few years away. But after a meeting they can retire right now they find out.

 

MIKE: Well yeah, most people think that until you enter retirement you don’t really need to do retirement planning. Or it doesn’t matter until it matters. What I think is interesting though is based on markets and how they react. Scott if the markets go down your retirement expected date could be pushed back.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:14:55]

MIKE: Now if you do the planning correctly, then you can stay with on, you know, with that given timeline. You know it actually reminds of a story in particular. We had a couple that came through, they went to one of our dinner events at [INAUDIBLE] and their current plan was… and it was fine for accumulation, to manage their assets, they were managing their diversification using asset allocation portfolio, they had a pie chart, and they did a great job growing their assets. They had 940 or so thousand dollars, that’s a good amount for someone getting ready to retire.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:15:30]

MIKE: You know, social security was part of the conversation, no pension or things to lean on so they knew that they had to be smart about what they were gonna be doing. What was interesting, and this is why they came to our even in the first place, good people, they didn’t come for a free meal they actually were coming for information, I love it. You know the intent of people when they say, look, I don’t care if there’s a meal or not, saw your mailer, I saw principal based, math based, I saw that you guys were gonna talk about two sided models, distribution planning, all this. They said, this information was the most important part.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:16:01]

MIKE: Their need in particular was they needed a structure that gave them stability and transparency. They were done with the guessing game the pie chart gives, they wanted to stop playing retirement roulette. Now when I say stop playing retirement roulette, they were two years away from wanting to retire, that was their planned date. They had all these great aspirations and expectations to retire at that point, but they knew they had to start giving some sort of structure. They felt it, they knew it, and they were right.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST    [00:16:30]

MIKE: About five years is actually, five to six years of when you should start planning your retirement before your hopeful retirement date. What’s interesting though is people come in and say I want to retire in five years, that’s about where I think I’ll have enough money. When we run the numbers they could actually retire the same day. That’s a life changing conversation. Five, six years, we’ve seen more and we’ve seen less. As a math based, principal based firm it’s very objective, this is what’s in front of you, does this work. For this couple it was interesting, they started planning in September of 18.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:17:04]

MIKE: Okay, keep in mind, remember what happened Q4 of…

 

SCOTT: Yes. Oh yeah, oh yeah.

 

MIKE: Started in September of 2018, they were planning with us, things looked great. They said, you know, that’s actually more than we need but we just feel like we’ve got the energy we want to still work for another two years. We like our jobs, we like… it’s part of our identity and once we see structure that we can get behind and a plan that makes sense, then we can start, kind of, emotionally getting ready for retirement. And it is an emotional situation, to leave your job, your identity, and kind of reinvent yourself.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:17:39]

MIKE: But they didn’t come over yet, they kind of drug their feet through the planning process, they saw the value but they didn’t want to come on until February of 2019. They lost a hundred thousand dollars in their portfolio in just the span of a couple of months because of Q4. That dip in the market, and sure we recovered, but what would’ve happened if we hadn’t recovered, what would’ve happened if it had kept going down. I: don’t want to live in hypotheticals here but the ramifications of their plan dropped significantly.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:18:13]

MIKE: Now thank goodness we were able to build them a plan in such a way to insure they could still retire, they still got the money they needed and wanted for the rest of their life. Thank goodness, but what if it had been worse. See they had a snapshot, a reality check, of what it would be like if they waited and the markets did turn over. And for most people, you’ve got to start having your plan, let’s think of the future not just live in the now, we’ve got to get ready for it.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:18:40]

MIKE: The fundamental principals or the principals that govern proper retirement planning that they had missed and came in to see was, principal number two, diversify by purpose. See they lost a hundred thousand dollars because they were all at risk. And then principal number three, use a distribution plan or a spreadsheet, map it out, get rid of the pie chart guesser, get rid of this retirement roulette, it makes no sense. Folks you shouldn’t guess your way through retirement, just like you’re not gonna guess your way through your employment.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:19:12]

MIKE: Right, you went to meetings, you planned, you executed, that’s how we do life. But with retirement we need to be implementing that more. When we were to incorporate those two principals their entire world view was able to change. They were able to stay on with their two year trajectory on when they wanted to retire and we were able to help quantify their retirement as a math based, principal based firm.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:19:40]

SCOTT: Mm-hmm. If you haven’t figured it out by now, this is Safer Retirement Radio. This brings up another topic Mike, which is someone who does retire and then has a market pull back like that. Let’s say it’s a 10 or 20 percent correction at the beginning of their retirement. Again we’re talking about timing here, timing is really important, and they always tell you you can’t time the markets.

 

MIKE: You can’t time the market.

 

SCOTT: Nothing is truer than that. But let’s say the effect of that, again, starting the retirement and we have a pull back, sequence of return risk, what happens?

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:20:11]

MIKE: Oh there’s a number of things here. Scott I want to first talk about the emotions that go in there. And I know we work in finance but I actually spend a lot of time understanding behavioral science as well. And the reason why, is as much as we want to tell ourselves, and I’m speaking as the ambiguous investor here, the average investor, we’re emotional, we’ve got our limits, we’ve got our boundaries set but we seem to rationalize those boundaries over and over again because of emotionally based decisions.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:20:40]

MIKE: For example, fear keeps you in the market, or excuse me… Greed keeps you in the market longer than you should, fear keeps you out of the market longer than you should. Both stem from prediction error. What I mean by this is, greed, when the markets are going down, greed keeps you in the market because you ride those markets down more and more than you should and then fear keeps you out of the market, you’ve already lost money, you pulled out, you said enough is enough I’m done with this. Markets start to recover and you don’t buy in when you probably should. Why is that, emotions.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:21:12]

MIKE: This is why, for those clients that want risk in their assets we use two sided quantitative models that tell you what to buy, when to buy, and when to sell. Get rid of the emotion, let a computer who can interpret the trends help you invest smarter. Now I know we don’t have time to really fully dive into that, they enjoyed that here and it’s just an incredible situation to where, yeah a computer algorithm, diversified by sector, so computer algorithms, yeah they’ve average around 16 and a half percent since 2000.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST    [00:21:41]

MIKE: Who do you know has those kinds of returns just on risk, not many.

 

SCOTT: No.

 

MIKE: Now when we incorporate as well, diversifying by purpose and we map out your income for the next 20 years, so if the markets do crash, sure, your risk portfolio is designed to help protect assets, it’s still at risk, but your principal guarantee, where your income comes from, it doesn’t matter, you sail through it unaffected. These are some huge points that you’re only gonna see with a purebred fiduciary. And Scott I want to point out too, the odds of you working with a purebred fiduciary right now are very slim and that’s because of [INAUDIBLE] disclosures and different tactics and false claims of being a fiduciary.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:22:18]

MIKE: Tony Robins did a great study, 1.6 percent of all financial professionals are actually purebred fiduciaries. Do you think your current advisor is a purebred fiduciary and then on top of that specializes in distribution planning. I would challenge you, chances are not.

 

SCOTT: And by fiduciary you mean somebody who is bound by law to keep your best interests ahead of their own. Which means, in your case, you do that naturally because it is the right, moral thing to do, but not everybody operates like that or can operate like that.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:22:54]

MIKE: Well it’s usually an operational conflict of interest, not an emotional conflict of interest. I honestly believe most financial professionals want to do what’s best for their clients, I truly believe that. In all these interactions I’ve had, they are good people that love their clients. The biggest issue is they get paid based on the conflict of interest and they can’t… like for example a broker is probably not gonna recommend to you a no-load mutual fund, because they don’t get paid on it. A broker is not gonna recommend to you something they don’t get paid. An insurance guy, an insurance salesman who might be a really good person isn’t gonna recommend you to get up some mutual funds, unless it’s in an a variable annuity and that’s a whole other conversation.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:23:37]

MIKE: As a toxic investment, please please please be aware, variable annuities are really toxic here. But when all is said and done, Scott you said we’re good people, we are good people. We honestly love and care about our clients and we purposefully painted ourselves into a compliance corner by only letting our advisors be series 65 licensed, by being an RIA, as in we’re fee based only. You pay for our advice, you see exactly what we’re making, and we’re independent, no one’s telling us what we can or can’t sell. Or… I hate the word sell, what we can and can’t offer.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:24:10]

SCOTT: Right.

 

MIKE: Because we give you the gamut of the investment options and let you choose. But when it comes down to it, that kind of transparency is incredibly rare.

 

SCOTT: And what we’re talking about is removing the guess work out of your planning. If there is… if you’re listening right now and you lose sleep over being in the market and you’re getting close to retirement, this would be a great time to start thinking about retirement planning, as Mike often says. Five years before you’re getting ready to retire is when you should start thinking about that because a lot of preparation goes into it.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:24:44]

SCOTT: We’re gonna give you the opportunity to that very simply right now, it’s embarrassingly easy. Call 833-707-3030 for the Decker 30 review. Now that’s a 30 minute phone call, that’s great, easy. Or…

 

MIKE: The 30 minute phone call, can I say Scott, it could literally give you hundreds of thousand dollars extra on your retirement, in 30 minutes.

 

SCOTT: Like an extra, safer, 30 years, maybe.

 

MIKE: Yeah.

 

SCOTT: Okay. And then the 90 minute in office, where you get to see them up close and personal, smell their cologne, see the sincerity with which they operate and have a much deeper dive on your portfolio.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:25:21]

MIKE: Yeah, question and answer. We want you to bring all your research and come to us with all your questions, that’s how it should be.

 

SCOTT: Deckerretirementplanning.com a great place to visit, click on the “Get Started” button there. You can also download some very valuable e-books. But the number to call, 833-707-3030. This is Safer Retirement Radio.

 

COMMERCIAL: Have you ever wondered how financial professionals can tell you how much income you can take each year of your retirement by looking at a pie chart. At Decker Retirement Planning, we feel the same way. Stop guessing on your retirement income and get some clarity with a safer distribution plan. With our proprietary algorithms that make up a safer distribution plan we can show you down to the month, net of tax, how much you can spend with a cost of living adjustment for your entire retirement.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:26:07]

COMMERCIAL: With this level of clarity, you can start enjoying all of your hopes and dreams while taking care of your wants and needs in your retirement. We developed a safer distribution plan for the sole purpose of helping folks like you enjoy a full retirement. If you’re 55 years of age or older and have at least 300 thousand dollars saved up for retirement call 844-404-3325 today for your safer distribution plan at no cost to you. Call 844-404-3325 or visit us at deckerretirementplanning.com.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:26:41]

COMMERCIAL: Retirement investing and planning shouldn’t be a guessing game. With the ever changing four percent rule as most peoples guessing metric in retirement, it’s easy to feel like we’re at the mercy of the financial markets as they swing up and down. But there is a better way, at Decker Retirement Planning we operate on principals that are timeless. In 2008, those who followed these principals for their retirement sailed through the financial crisis unaffected, they didn’t even have to change their travel plans. At Decker Retirement Planning we are purebred fiduciaries, which means we are legally bound to do what is in your best interest.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:27:14]

COMMERCIAL: When you pair our purebred fiduciary standard and the principals that govern proper retirement planning you get a safer retirement. Go to deckerretirementplanning.com to download your free copy of our E-book, Principals That Govern Proper Retirement Planning or schedule your no cost review today. Just 30 minutes for a safer 30 plus years. That’s deckerretirementplanning.com.

 

MALE: Welcome back to Safer Retirement Radio, home of the Decker 30 review. Call 833-707-3030 now to find out how just 30 minutes can help bring you a safer 30 plus years in retirement.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:27:51]

SCOTT: Welcome back to Safer Retirement Radio, this is Scott Drake along with my co-host the president of Decker Retirement Planning, Mike Decker. Where we talk about taking the guess work out of retirement planning, isn’t that correct Mike?

 

MIKE: Oh yeah. And it comes down to, if you get the transparency you deserve, you can see things as they are, then you don’t have to guess, right?

 

SCOTT: Do you think a lot of people listening right now, who have a lot of statements and think that’s a plan, do you think that they’re not getting the transparency they deserve. Talk about what that transparency means.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:28:24]

MIKE: I think most people have been convinced that the pie chart guesser is an appropriate plan because everyone is doing it. We’ve learned from history though, just because everyone is doing it doesn’t make it right, it just means it’s the most common option. You can’t get from a pie chart, the information you need to build a proper retirement plan that would be able to suit you for the rest of your life. And sure you could guess your way through retirement and you might get lucky, or you might not. We don’t take that kind of risk. I don’t want to take that kind of risk in my life, and I think most people don’t want to take that risk.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:29:00]

MIKE: I think it’s that they’ve been working with an accumulation specialist who built a relationship and wanted to continue the relationship through retirement, in good nature. They love these clients and so they want to stay there, but I mean, I would feel uncomfortable, even if I was a brain surgeon, to perform surgery on someone’s foot, it is just… technically it’s a different area. And a food surgeon is not gonna perform brain surgery. I mean there’s different specialties and accumulation and distribution are different financial specialties.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:29:33]

MIKE: And there is a difference, and I think most people, when it comes down to it, just don’t understand that fundamental concept.

SCOTT: Would you agree that we’re in uncharted territory here.   So for example, the good news is, we’re living a lot longer. The bad news is, for retirement planning, we’re living a lot longer. So when social security was devised back in the 30s the average life expectancy was 58, so that made social security really well funded. But now people are living to 85, 90, 95 and more. So we’re talking about a much longer period of having to live without a paycheck, without a pension, a paycheck that you need to create yourself, and that creates some challenges.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:30:15]

SCOTT: And everything that I read about in the news, Mike, is that there is a retirement crisis going on and that people haven’t saved enough for one thing, but they’re certainly not planning enough are they?

 

MIKE: You know, back when social security was available, social security only helped for a couple of years because people would die soon after starting to file it. Now people are planning social security for 30 years and then doing [break even?] analysis on which year they should do. It is huge. And the idea of retirement today is kind of like running your own business.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:30:49]

MIKE: You’ve got to be able to have the right people on your team, you’ve got to be able to plan out your projections, you’ve got to be able to plan out your profits or your income, and you’ve got to be able to do it right. If you don’t do it right, if you don’t take these plans and you guess your way through retirement, I mean I’ve said it before, I know it’s a little harsh and I apologize for sounding this way, but ignorance is not bliss, especially when it comes to retirement planning.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:31:13]

MIKE: If your emotions track with the stock market, chances are you’re taking too much risk. And I think people need to accept that reality here, because if you do the elbow work, of if you put in the elbow grease, you put in the work, retirement is a wonderful time. But if you don’t, what’s the point of retirement if you’re living stressed every day.

 

SCOTT: And that’s what we’re trying to achieve here, is to eliminate the stress and the guess work in retirement planning. One of the things, again, that we want to talk about here, is the difference between accumulation and distribution. You are distribution specialists, and you live by some principals.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:31:51]

SCOTT: One of them is to never draw income from a fluctuating account, well wait a minute, that’s everybody’s investments typically. How do you… talk about that.

 

MIKE: You know, it’s funny you say that because it’s not actually everyone’s investments, it’s the familiar territory of the accumulation investments. See the fluctuating accounts, we’re talking about stocks, we’re talking about ETFs, we’re talking about mutual funds, however you were doing your investing during the accumulation phase is what you’re used to. And the higher the risk, the higher the reward, right?

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:32:22]

MIKE: These investments can lose funds, or lose principal, and so it makes sense that someone would want to stay in familiar territory, stay invested this way, but then just take as what’s needed. The concept behind it, which really stems from the four percent rule, which says, if stocks have average around eight or so percent over the last hundred years, which is true, and bonds have average around four, four and half percent since the last thirty years, which is true, then if you take four percent you should be fine.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:32:52]

MIKE: In theory, sure, it makes sense. But how many of you are gonna base your investment history off of a hundred years. I don’t know a single person that plans to retire for a hundred years. How many people think that the interest rate environment is the same as it was in 2007 or the same as it was in 1982, it’s just it’s a different environment. And so the four percent rule, fundamentally, is a gross over simplification of retirement planning. It’s a nice benchmark idea for those in their 30s and 40s to say, I need to get to about this point.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST   [00:33:30]

MIKE: Anything more than that is financial malpractice in my opinion.

 

SCOTT: Okay. And then let’s talk about recent events. We’re talking about 2008 and something that plays very well into this conversation. Taking income from a fluctuating account. All those people who were victims of what we love to call sequence of return risk, if they were just entering retirement in 2007 and they were taking income from their accounts, and then the crash hit at the beginning of their retirement what does that do to you?

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:34:02]

MIKE: Oh my gosh, a number of things. Let’s kind of take this bullet point by bullet point if that’s okay Scott. Gosh where do I even start… let’s talk about four percent, which was, in 2007 what they would do, okay. Now depending on when you start peak to trough on the 2008 crisis, it could be a 50 percent crash, it could be a 40 percent crash, I’ll use 40 percent to be a little bit nicer to what was honestly a very devastating situation. But if you’re taking four percent from your portfolio and then you get a 40 percent crash, the four percent or the amount that you’re supposed to take is much more expensive.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:34:37]

MIKE: As in, you’re now taking six or seven percent from your portfolio at the best, at best. Would you have signed up for the four percent rule knowing that you’d be taking six or seven percent, no.

 

SCOTT: No, no.

 

MIKE: We intuitively can understand that that concept just doesn’t hold water. And then, according to Morningstar, the average mutual fund after a 40 percent crash takes around six years to recover if you don’t take principals. Let me ask you, if a crash happens and you’re all at risk are you going to cut your payments in half, are you just gonna not take income for the next six years until you get back to the level where you need to be for the four percent rule.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:35:23]

MIKE: Are you gonna just change your entire lifestyle that you planned on having for the… the whole concept falls apart because it’s an easy, over simplification that’s used as bench… should be used as a benchmark at most, but not in actual retirement planning concept. The four percent rule, in our opinion, is the most dangerous piece of financial advice that’s ever been given that’s being practiced. There’s been some crazy ideas out there, but for all of those that have been practiced, it is just toxic.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:35:53]

SCOTT: Explain again the four percent rule for those listening who are not familiar with that topic what that actually means simply.

 

MIKE: Yeah, and the four percent rule is the idea that a withdrawal rate can carry you through retirement, a fixed withdrawal rate. So the idea is again, if stocks have average over the last hundred years about eight percent or so, and bonds have average around the last 30 years, have average around four, four and half percent, if you just take four percent you should be fine, in theory that works only if markets go up. Now we’ve had a great bull market for the last 10 years or so, so it makes sense, we think that markets are just gonna go up. Investments wise, we have short term memories.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:36:30]

MIKE: Historically speaking, markets crash every seven or eight years. So folks I would challenge you, is this gonna last, not if, but when the markets crash. And in the news they’re openly saying, yeah markets will probably crash in the next little bit, we don’t know if it’s this year or next year. It always seems to be two years away because they want to sell, in my opinion, a lot of product now and get people ready for it. But scare tactics shouldn’t’ be used in retirement planning, it should be used as math based, principal based planning to where you don’t have to wake up each day wondering is this the last day of my retirement, am I gonna have to change my life or not.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:37:03]

SCOTT: And I want to go back to 2008 quickly, before we go to break. But using the Decker strategy, which is a two sided model, again people who went through 2008, we’ve heard that it was catastrophic at all levels, everything went down. What happened to the Decker strategy during that time?

 

MIKE: Well when it comes down to principal based planning, okay, there’s three of them and we’re covering principal number one right now mostly, and that’s, never draw income from a fluctuating account.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:37:31]

MIKE: If you only draw your income from principal guaranteed accounts, which we don’t have time to talk about all of them available right now, then you sail through any market crash unaffected. So for our clients, they sail through the market unaffected and with our two sided strategy that we’re using, with the managers we’re using, the incredible part was, they actually didn’t even lose money in their risk accounts because we were using two sided computer algorithms models that tell you what to buy, when to buy, and when to sell. Now we didn’t make a lot of money.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST    [00:38:00]

MIKE: Folks I want to be very clear, we didn’t make a lot of money, okay. If you’ve seen the Big Short, we weren’t making 400 percent on this, that wasn’t us, but we weren’t losing money and that the key principal here. Is when it comes down to retirement planning, never draw income from a fluctuating account. You need to set yourself up to be able to have the income you need and want for the rest of your life, and at the same time, that if the market crashes, you sail through it unaffected.

 

SCOTT: And if you are driving now and listening, and I know you’re probably in your car right now, I want you to put your hands on the radio and feel the sincerity in our voices. Actually, well keep one hand on the wheel.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:38:39]

SCOTT: This is the number to call if you’d like a very simple review, this is called the Decker 30 review, which is 30 minutes and a phone call. Here’s the number, 833-707-3030, don’t write it down now.

 

MIKE: You’re driving.

 

SCOTT: Yeah, stop first later on, keep it to memory. 833-707-3030. Or you can go to deckerretirementplanning.com and just click on “Get Started”. What you’re going to get is 30 minutes with a purebred fiduciary, somebody who understands these principals, somebody who has your best interest in mind. And they have to by law, but they do it anyway because they’re good people, and they care about you, their beloved client or prospect. And you’re going to get that review, and you’re gonna find out… you’re gonna get a temperature check of where you’re at and where you might be. Does that make sense, is that correct?

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:39:24]

MIKE: It’s spot on Scott. Not only are we gonna talk about the three principals that govern proper retirement planning but we’re also gonna show you your version, draft one or a safer distribution plan. We’re gonna show you social security optimization, we’re gonna do a lot more for you that we didn’t talk about in this segment. It’s a 2,000 dollar offer at no cost to you everyone that calls in now or signs up on the website. It just makes sense to get the transparency that you deserve.

 

SCOTT: 833-707-3030, this is Safer Retirement Radio.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:39:57]

COMMERCIAL: The term fiduciary has been used a lot by investment brokers lately. It essentially means that by law, they must put their clients best interests before their own. Though their hearts may be in the right place, the very nature of working in a brokerage firm makes it impossible to be a true fiduciary. The fact is, according to a Tony Robins study, less than two percent of financial professionals legally fall into that category. At Decker Retirement Planning, we are purebred fiduciaries, we always have been, we always will be. It means we are completely independent and have the ability to recommend any strategy and product available to manager growth, continuity, and legacy.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:40:34]

COMMERCIAL: It means we operate on a higher level of transparency and integrity. It means we think and act strategically, and always put your best interests before our own. Don’t work with someone who just claims to be a fiduciary, go to deckerretirementplanning.com and get a purebred fiduciary review at no cost, today. If you could retire now would you, would that knowledge make your last few years at work more enjoyable. At Decker Retirement Planning we’re helping people retire years before they thought they could.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:41:06]

COMMERCIAL: This is done with our proprietary algorithms that make up a safer distribution plan. See how much you can spend, down to the month, net of tax, for your entire retirement, with a cost of living adjustment each year as if you were retired today. Get the transparency you deserve so you can make the best decisions for you and your family. Don’t miss out on the lifelong memories you could’ve enjoyed because you felt trapped by your paycheck. If you are 55 years or older and have at least 300 thousand dollars saved up for retirement call Decker Retirement Planning today.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:41:38]

COMMERCIAL: At 844-404-3325 and get a safer distribution plan at no cost to you. Call 844-404-3325. 844-404-DECKER, or visit us at deckerretirementplanning.com.

 

MALE: We told you we’d be back and here we are. Back, safe and sound. Ready for more knowledge for a safer retirement, here’s more Safer Retirement Radio with Mike and Scott.

 

SCOTT: So welcome back, you stumbled upon us, Safer Retirement Radio, powered by Decker Retirement Planning.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:42:15]

SCOTT: The number is 833-707-3030. Every week we talk about retirement planning elements, the importance of developing a plan for your retirement going forward. And if you’re 55 years of age or older, if you’re within five years of retirement that is the time to start really thinking seriously about it. You can also check out more information at deckerretirementplanning.com. Again the number is 833-707-3030, Mike Decker has joined me, I’m Scot Drake in the studio.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:42:45]

SCOTT: When you guys build a plan, it’s custom right? Because everybody is different, it’s not a cookie cutter thing that you guys do is it?

 

MIKE: No it’s not. It’s custom to the needs that the individual person wants. And when we really talk about customization I think we’re really talking about legacy, the memory you want to live and leave. When I say live and leave, I really mean while you are alive, being able to create the memories of taking the kids and grandkids on a cruise or a family reunion or a trip or something like that. I remember my grandpa once took the entire extended family, everyone, to a dude ranch, I’ll never forget it.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:43:25]

MIKE: It was such a fun week of my life and I’ll never forget him. So when it… I almost tear up about it actually, it was such a great moment.

 

SCOTT: I could see why, yeah.

 

MIKE: But my grandfather did that and I am so grateful for that. When it comes to, live your legacy and then leave your legacy, those are important topics that should be had. Now if you want to leave assets to your beneficiaries, your kids, we should be talking about that. If your philosophy is, I didn’t get anything from my parents, my kids will work for everything and we’re gonna spend every dime, and I want, as they say, my last check I write to bounce, right, right when I die, whatever this phrase is, that’s fine as well.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:44:03]

MIKE: Whatever you want to accomplish in your retirement should be able to be accomplished. Scott I want to talk about a really unique plan if that’s okay. It’s a very hot topic, and I’m not getting political here. Student debt is a big deal, it’s a big deal.

 

SCOTT: Yes it is.

 

MIKE: Now, I feel for all of those who felt that they had to go to college, get a degree, and enter the workplace and the pickle that they’re in. Okay, there’s no judgement happening here, I get that.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:44:36]

MIKE: Growing up, my grandma who was a school teacher, she was an educator, put herself through school by going to school one year and working the next year. It took her a long time to go through school but she taught me the principal of staying out of debt. I did a similar activity while I was going to school and I didn’t have to take out any student loans, I feel very fortunate of that, most people are not that fortunate or didn’t end up in that situation. We’ve got a client actually that came in, he’s a little bit older, he has a little bit of a younger wife, okay, which is fine, they love each other, they’ve got a really wonderful relationship, it just happened to be that way. And I believe it’s the first marriage as well, so it’s not like any weird situation, it’s a very… and I don’t want to have any judgement actually, I feel bad, I’m feel like I’m digging myself a hole here.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:45:17]

SCOTT: No it’s perfectly fine everybody.

 

MIKE: I’m just trying to say that, you know, everyone has love at different times in their life. And they have kids, and though this client is 72 years old, his kid should be going to college in the near future, when I say like in five or six years, okay. And he, who loves his kids, he really truly loves his kids, very savvy investor, wants to make sure that not only is his retirement income able to be taken care of, but he can invest appropriately and help pay for his kids schooling.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:45:49]

MIKE: Now at the time he didn’t really have any 529s or Coverdells or, you know, much of a plan there, this was a new topic on his mind. They’re entering middle school so it’s still a few years away, and wanted to be able to prepare accordingly with that. So in his plan, he’s already taken social security, he’s 72 years old, okay. His wife is a bit younger and won’t take social security for a significant time, but he’s got two pensions, one from Boeing and one from another institution, which is great. And they’ve got earnings, his wife is working because she just likes to work, and we have his income mapped out, and he only needs so much.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:46:29]

MIKE: So what we did is we started making funds for their kids, because he’s gonna be alive when they’re in these moments of need and he wanted to set funds aside and have them grow in the appropriate manner with an appropriate instrument or vehicle that could then help support them through college and all these expense that are there. He’s trying to help them. Most people are not fortunate enough to be in this situation, but this couple, they’re able to do it and it was very important that they were able to do it.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:46:59]

MIKE: What brought him in. He came into a dinner event and he was very honest, I came to the dinner event honestly because my friend invited me and I was there to support him, that was it. No intention of signing up or anything like that, and that happens, but I loved his honesty.

 

SCOTT: Sure.

 

MIKE: When we started talking about two sided quantitative models his ears perked up. Very savvy investor, did a great job, he built his wealth to be… you know he was a millionaire, you know, over a million dollars of his assets, still at 72 and he’s been retired for a number of years. Did a great job, and that’s on top of his pension, and he didn’t take the lump sum, he kept his pension and just lives off that, and his social security.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:47:41]

MIKE: So when he heard about two sided models that have average around 16 and a half percent since 2000, and he had experience 2000, 01, and 02 and the financial ruin of that recession, and 2008 and the crash. He said, this is what I’ve been looking for, please tell me more, came right into the office, he came in the next morning I believe.

 

SCOTT: Really?

 

MIKE: If I remember right, because he was that excited. And he’s retired, you know, everyday is Saturday for him. And came right in and said I want to see those third party verified results that you were talking about. We open the books, he not only saw them, he saw the manager names we partnered with, he saw their results, he saw it all.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:48:24]

MIKE: Went home and did his research, came back and said let’s keep going. Very fun conversation, but the cool part about it is, for his customized needs we had some of his investments which was great, and then he had some of his own investments. Savvy investor and he loved the investment game, but he wanted to divide up the management styles so that he had so that he had some diversification by management or manager, and he could still have a foot in the game. Some people love investing, it’s not a stress for them, it’s a game to them.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:49:00]

MIKE: And if that’s your case, by all means go for it, if that’s your passion, if that’s what fulfills you in retirement, absolutely. But if it keeps you up at night and stresses you out and prevents you from enjoying your retirement that’s when you need to probably make a change, but for him it was fun. So we had two different risk bucket accounts essentially that would grow, but what’s interesting is his account would be for the next 20 or so years, and then he said, by that point I’m done, I’m out the game, lump it with you guys. And the wife was ecstatic about that too, because she doesn’t get investing, it’s just not her forte, not her passion. We put in, and we had to do a compared analysis of the 529s, the Coverdells, the accounts that he has.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:49:39]

MIKE: Most of his accounts were qualified accounts and to put a qualified account into a 529 or a Coverdell, that’s a very technical conversation, one that you have with your CPA. And then between us, your CPA, and you, then we decide what’s the best matter, the best result there.

 

SCOTT: And just for those listening to, explain the difference between qualified and non-qualified.

 

MIKE: Qualified, like your 401k, your IRA, these are assets that when you pull out they are taxable events. A ROTH is a qualified account that can grow tax free, but it comes out tax free. A non-qualified is like your checking account, your normal brokerage account that’s in there. So non-qualified assets and qualified assets, how you fund 529s, Coverdells, these are great conversations to have.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:50:24]

MIKE: I just feel like there are too many questions to be had on the radio and if I start going down this path there may be misinformation and assumptions being made without the full conversation. So I would say if that’s a conversation you want to have to help your grandkids out, please come in so we can have the conversation and help alleviate student dept in the future.

 

SCOTT: And we’ll tell you shortly how do to that, but go ahead.

 

MIKE: But building a plan, being able to adjust these issues. We’ve had clients that wanted to be able to sail for the next 10 years of their retirement and then sell their boat and then not do that, and we incorporated that. We’ve had clients that wanted to do, with their local community church, one to two month missions here and there, the options are endless.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:51:06]

MIKE: The quirks and personalities we see are also assumed to be limitless. But the beauty of it, when you plan as a math-based, principal-based approach, with a math-based principal-based approach, you can really incorporate the specific needs and wants, hope and dreams you have in your retirement and be able to do it in a structured way that can give you some confidence when it comes to that time, whether you’re currently retired and need to make adjustments so you can stay retired, or if you’re nearing retirement and you can transition into retirement more appropriately.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:51:38]

SCOTT: And something to remember too, is as you get closer to retirement, you know again, in this particular scenario we have a lot of moving parts, but it’s not uncommon for risk tolerances that need to change. Because as you get closer to start taking income, we don’t want to be necessarily that susceptible, you know, to all that market risk, things going up and down. This goes back to that, taking income from a fluctuating account is typically a bad idea, not part of what you guys recommend.

 

MIKE: No, it goes against the first principal of retirement planning. Never, never draw income from a fluctuating account.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:52:13]

SCOTT: And I want to go back to something that you said, if you are investing now and you are getting close to retirement. Let’s just say you’re 55 years or older, you’ve got a few hundred thousand dollars in there invested, if you’re losing sleep at night because of what the stock market is doing, because of what the [INAUDIBLE] marks are doing, if all the news is bothering you, there’s a lot of noise out there I’ve noticed. There’s trade talks and there’s, you know, China, and all that stuff. If all that is keeping you up at night, related to your investments then it’s probably a good idea to talk to somebody like Decker Retirement Planning because retirement should be, at least from the financial side, somewhat stress free.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:52:55]

MIKE: It should be the least amount of your worries when it comes to all the other things you just have to deal with.

 

SCOTT: All the other things.

 

MIKE: I mean, when you’re getting older, you start getting more tired, there’s more aches that are happening. When you’re getting older, your kids may be a bigger burden, there’s a bleeding heart situation that happens and it’s quite devastating unless you can put a stop to it. Bleeding heart, symbolically speaking, as in, your kids keep asking you for money and you keep wanting to help them, but then it destroys your retirement. This is a real thing. There are a lot of different aspects that you’ve have to worry about, so let’s make sure financials are not one of them.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:53:29]

SCOTT: And to take care of some of those kids, liquidity is built into your plan as well. Safer Retirement Radio, 833-707-3030, there are some spots open on the calendar, believe it or not as busy these guys are. Call that number that will get you one of two things. First you can get a 30 minute phone review, the Decker 30 review, or the 90 minute in office experience which typically cost about 2,000 dollars but is free to you right now because of the availability on the calendar. You can also check out deckerretirementplanning.com, click on the get started button. You can also download the e-books and a lot of helpful articles, I think you’ll love it. 833-707-3030, call right now. This is Safer Retirement Radio.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:54:10]

COMMERCIAL: Tired of guessing how much income you can pull each year in retirement. These days, ideas like the pie chart and the infamous four percent rule can’t help you. That is why at Decker Retirement Planning we developed a safer distribution plan, a set of proprietary algorithms that help organize your assets while telling you down to the month, net of tax, how much you can draw each year for as long as you live. Our safer distribution plan can help eliminate sequence of return risk, inflation risk, and more, all while helping lower market risk and implementing tax minimization strategies. As fiduciaries we’re here to help you enjoy a safer retirement.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:54:51]

COMMERCIAL: If you’re 55 years or older and have at least 300 thousand dollars saved up for retirement call right now for a no cost visit to learn more. Call 844-404-DECKER. That’s 844-404-3325. Have you ever wondered how financial professionals can tell you how much income you can take each year of your retirement by looking at a pie chart. At Decker Retirement Planning, we feel the same way. Stop guessing on your retirement income and get some clarity with a safer distribution plan. With our proprietary algorithms that make up a safer distribution plan we can show you down to the month, net of tax, how much you can spend with a cost of living adjustment for your entire retirement.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:55:33]

COMMERCIAL: With this level of clarity, you can start enjoying all of your hopes and dreams while taking care of your wants and needs in your retirement. We developed a safer distribution plan for the sole purpose of helping folks like you enjoy a full retirement. If you’re 55 years of age or older and have at least 300 thousand dollars saved up for retirement call 844-404-3325 today for your safer distribution plan at no cost to you. Call 844-404-3325 or visit us at deckerretirementplanning.com.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:56:06]

MALE: What do these things have in common, training wheels, hugs, your fondest childhood memory, a seatbelt, and Decker Retirement Planning, they’re all things that make you feel safer of course. Now back to the show.

 

MIKE: Everyone we’ve got two minutes to wrap up the show here so I’ll be real quick. Just want to give a shout out to everyone that’s been listening to the show, my frequent fans and listeners. Thank you for continuing on listening, and my podcast listeners as well. If this is your first time tuning in and want to [catch?] more contact we do write the transcription out every week so you can read it, study it, as well as listen to it on our website, deckerretirementplanning.com. Or you can also go to iTunes, Google Play, wherever you get your podcast and subscribe. A lot of great content on deckerretirementplanning.com including a few e-books.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:56:54]

MIKE: We’ve made our client research, a safer commentary… a safer market commentary now available, we’re posting it on our website, or you can subscribe and get it first via our newsletter. When it comes down to it though we hope that you can just get the transparency that you deserve, continue your research in retirement and prepare yourselves for a wonderful successful retirement because time is the most precious commodity. And if nothing else, I hope that you can get more of it to do what you want to do with it so you can enjoy the last 20 or 30 years of your life, whatever time frame your retirement is, that you can enjoy every moment of it without the regret of delaying, what are some of the best years of peoples lives.

 

RR S3 E13 BUILD A RETIREMENT PLAN TO LAST     [00:57:38]

MIKE: My name’s Mike Decker with Decker Retirement Planning, this is Safer Retirement Radio, thank you so much for tuning in. We’ll be here, same time, same place next week and via podcast, I push that a lot because we’re soon publishing some special editions on podcast only, stay tuned for that and more, right here on Safer Retirement Radio. Take care everyone, have a wonderful week.

 

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Decker Retirement Planning Inc. is a registered investment advisor in the state of Washington. Our investment advisors may not transact business in states unless appropriately registered or excluded or exempted from such registration. We are registered as an investment advisor in WA, ID, UT, CA, NV and TX. We can provide investment advisory services in these states and other states where we are exempted from registration.