Understanding Problems That Retirees Face In Retirement Planning

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:00:00]

ANNOUNCER: 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. Here’s Mike and Scott.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:00:41]

MIKE: Everyone, welcome again to Safer Retirement Radio, where you get the transparency that you deserve. As always, I like to start the show off with kind of, just the Mike thoughts here and then Scott will join us here in just moment. But I want to just note a couple of things overall, again we thank you for listening to the show, our viewership, our listenership continues to grow, especially via podcast. And because we’ve had such a great podcast audience, that’s on iTunes or Google Play, or Soundcloud, that we’re gonna start doing special segments in the near future for our podcast listeners.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:01:15]

MIKE: So if you’re tuning to the show and you’ve been a weekly listener in Seattle or Utah, you know, the different areas that we broadcast on the radio I would hope you consider listening to us Friday mornings or whenever it’s convenient to you via podcast. If you don’t know how to do a podcast and you’ve got a smartphone just ask someone that knows technology a little bit better maybe and you can subscribe, it’s super easy to use. But when it comes to retirement, or what we like to call, a safer retirement, we’ve really tried to not just focus on the financial aspect but also talk about health, fulfillment, awareness and enjoying the highest quality of life that you can have.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:01:55]

MIKE: In fact we’ve actually revamped our newsletter. You can go to deckerretirementplanning.com and subscribe to it, it’s at no cost to you. At the very bottom of the page you’ll see newsletter subscription, and a few other places when you look at our articles. But we’re addressing a safer retirement market commentary on how the markets are today in the newsletter, but we also talk about a number of other things. This week we had an article that a lot of people seemed to have enjoyed, it’s about five breakfast ideas that your grandkids will never forget. We also talked about the health and how to help sustain your health in retirement, both mentally and physically and a number of other different articles that we are writing.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:02:36]

MIKE: Because there’s… just being financially stable seemed to be like the benchmark, if I can just have financial stability though retirement I should be happy, but a lot of us are realizing that 30 year retirement, 30 years of being unhealthy, it’s almost like it’s almost not worth it at that point to have a long retirement if you can’t do what you wanted to do. So we’re expanding our horizons her, we’ll be doing it via podcast and on the articles, subscribe today, it’s a wonderful opportunity. And I really want to share a brief story about the importance of understanding how to address retirement here.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING    [00:03:14]

MIKE: I was having a conversation with my wife the other day, and she played sports all growing up through high school, just loved being active. And she was quite the athlete, even played a little bit in college. And she had a shoulder surgery in her right shoulder and recently it’s really been bothering here. She says, gosh, you know, I wake up and my shoulder’s hurting and it’s just that dang surgery but I had to have it, but it’s just this nonstop kind of ache that I’ve got going on. And so that’s interesting, are you sure it’s the surgery, she said, absolutely, it’s absolutely the surgery.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:03:50]

MIKE: And I said, well I don’t think your pillow is big enough, what if we put two pillows+ on there, boost up your neck a little bit… she’s a side sleeper… and let’s see if that helps. The pain went away. The point I’m trying to make is so often we view that, oh this is the reason why X, Y, Z, when you take a step back and you look at the whole situation it may not be the actual reason. We like to be able to blame something, to have a reason for whatever the action is, whatever is causing the issue but is it really the cause of the issue.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING   [00:04:28]

MIKE: I read an interesting article today, I won’t say the discount brokerage firm that produced it, and we do securities, our planners are series 65 licensed, they’re purebred fiduciaries here, so it’s not like that this discount brokerage firm has some one up on us, we can still buy and sell the same ETFs, mutual funds, stocks, bonds, I mean we’re all sharing the same market. But they’re talking about discussing advisory fees with your clients, and they’re putting the blame on the client here a little bit by saying, well you should be proactive, you should be clear, you should be concise, you should prepare a written fee schedule of what you’re doing here.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:05:10]

MIKE: A lot of it is really manipulating the conversation to blame quote unquote, high fees and you should come to us because we’re a discount brokerage firm, we can do robo investing and you can just buy and hold your stocks and that will be fine. And then they also recommend stocks. And another point that, was emphasizing the value of your firms… basically delivering the value to the client, and I thought this was interesting. This firm, at least when you pull the curtain back, is notorious for recommending C share mutual funds.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:05:49]

MIKE: There’s a 12 B1 fee on their mutual funds that they’re recommending that has a hidden fee that they do not have to legally disclose. Yet here’s an article where they’re saying, yeah, you should know about the different fees and blah blah blah, this that and the other, but nowhere did they mention the most toxic fee that plagues investors today. What’s the cause here, what are we blaming here, well the fifth point they’re saying, when appropriate, explain the advantages and disadvantages of a fee based model versus the commission based model.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:06:24]

MIKE: I have a really hard time grasping the concept… if we’re being objective here… that someone who’s incentivized to buy and sell and make a commission off of transactions is what’s best for the client. It shouldn’t be a flat fee, and the performance of that is the merit to which your retention will be judged. Let me say it a different way, in 2008 there were a lot of financial people that got very wealthy because they had a lot of transactions and were switching around different investments and moving the ever changing environment as the markets were crashing while people lost their money.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:07:08]

MIKE: These financial people that were commission based were still making money even though their clients were losing a lot of money. That just doesn’t seem right. We’re fee based and we want the merit of our clients to stay with us based on the merit of what we’re doing. Sure, we do have a flat management fee, we have to be able to make money. I want to be upfront about that, everyone has to make money, there’s no free version here. Now buy and hold, if you want to buy and hold and ride the rollercoaster, robo investing makes sense, just buy no load mutual fund, you could be good to go, what have you.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:07:45]

MIKE: But if you want highest net of fee performance, especially in a week like this week, the markets, they’ve been pretty terminal, especially last Monday, the markets took a big hit. And what’s interesting, we’re fee based, so regardless of how we’re operating in the markets here it’s got to perform well. And we’re a math based, principal based firm, so we’re utilizing two sided models that are designed to make money in up or down markets. This past week we have done really well for ourselves even though most people have been hit in the markets.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:08:22]

MIKE: Why, it’s simple. We use computer algorithms that can tell us what to buy, when to buy, and when to sell, plain and simple. For all of those who want more information on this I would encourage you to come in and talk to us, it seems like we’re heading into very volatile times in the markets. These performances they’ve average around 16 and a half percent since 2000 every year. Not overall, every year. When we look at what works on Wall Street, the biggest study that I’m aware of on Wall Street, these were the top performers.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:08:57]

MIKE: When it comes to a safer retirement having objective information that can help you have a math based, principal based approach and not buy and hold and make adjustments that are based on fear, it just… that seems to be the difference between the successful investors in retirement who can emotionally be present in what’s going on in their lives and those who are distracted because they’re so concerned about the next market crash. I want to free you up, I want to give you the opportunity to come in and talk with us about our two sided models, and talk with us about our purebred fiduciary approach, math based, principal based approach on how to address your retirement.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:09:32]

MIKE: Because retirement’s not just five years folks, we’re talking 30 years, maybe a little more, maybe a little less. That’s a big conversation. And so I want to invite you in at no cost to you, if you’re 55 years or older and have at least 300 thousand of investable assets call us, 833-707-3030. That’s 833-707-3030, when you call in we’ll gather your information so on Monday we can reach out to you and schedule the time that we can sit down and visit at no cost to you, and go over these details that make the difference between as retirement that may fail or a safe retirement, one that’s built to last.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:10:12]

MIKE: One that’s objectively built to sustain you for the 30 or 40 years that you’re planning to enjoy yourself. We’re gonna take a real quick break, when we get back we’ve got some great information, we’ve got a story I’m gonna be sharing, diversification and the importance of that and so much more all today on this show. The Safer Retirement Radio show, stay tuned.

 

COMMERCIAL: While buy and hold investing is a very common strategy it’s important to understand it isn’t a one size fits all solution. The appeal of buy and hold investing is simplicity, buy and hold requires little skill or serious effort and it completely ignores an appropriate amount of risk management with shorter time horizons which is crucial as you get older and closer to retirement.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:10:51]

COMMERCIAL: Think about it, you wouldn’t use this passive way of thinking to advance your career, manage your health, developing lasting relationships or any other important aspect of your life, why would you think it would be a suitable financial strategy. At Decker Retirement Planning we actively manage your investments, the two sided risk models we use are based on algorithms that can tell you what to buy, when to buy, and when to sell. They’re designed to keep up with the S&P in the up years while helping protect your assets in the down years. I know it sounds great doesn’t it. Go to deckerretirementplaning.com and get your portfolio review at no cost today. That’s deckerretirementplanning.com.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:11:28]

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 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:12:09]

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.

 

ANNOUNCER: 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.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:12:40]

SCOTT: Thank you for joining us again, this is Safer Retirement Radio. 833-707-3030 is the phone number, you can also check us out at deckerretirementplanning.com, you’ll find a lot of valuable, useful information at that website. Of course this whole show is powered by Decker Retirement Planning. And the president of Decker Retirement Planning is joining us in the studio as he does every week where we talk about retirement planning fundamentals. The things that this firm lives by as purebred fiduciaries, people who, by law… and just because they do this regularly… they put your interest first.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:13:20]

SCOTT: And we always talk about the difference between, you know, investing for retirement and then that distribution side. Again, talk about what you do that is different than… what most people are doing is investing in 401ks and not knowing what to do when it comes time to stop working.

 

MIKE: When it comes to a transition it’s difficult, right? The first big transition I think most of experience is when we’re 18 years old, graduate from high school and we’re going to college or going to a technical school or we’re going to work right out of high school, whatever it is. That’s an exciting transition because we get more freedom.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:14:00]

MIKE: And then we get our paycheck, and over 30 or 40 years, however long your career was, you get more freedom because you don’t have to work anymore, but the extra amount of freedom is terrifying for a lot of people, it’s just terrifying. And Scott, what we’ve done here at Decker Retirement Planning, is we’re taking the emotion out of it because and honestly this is a little bit sciencey, but I think it bears mentioning, fear based decisions can be devastating, I think we can all agree on that, which is why we try not to be fear mongering on the show, we want to just be as factual as possible, as objective as possible.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:14:40]

MIKE: Anxiety is merely fear of the future based on past experience, that simple, that simple. Anxiety is fear of the future based on past… just like depression is fear of the past as well, we’re unable to live in the now, in the moment that we have, which is where a lot of these fear based decisions will come from. So how can we take a very transition… I’m not saying emotional like, oh my gosh we’re all over the place… but something where we have to create an identity change ‘cause we’re not working anymore, we have to create income for our self, for not just five years but for about 20 or 30 years, and be able to do it consistently, that’s a big conversation.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:15:22]

MIKE: So what we did, not only did we build algorithms to calculate down to the month, net of tax, how much you can spend for as long as you live, we call this a safer distribution plan, but as a math based firm we understood the need to also be able to articulate the principals that govern proper retirement planning. Those principals are, if you don’t mind me mentioning, it’s [INAUDIBLE]. The first principal is never draw income from a fluctuating account. That is your accumulation familiar territory and it’s important to transition away from familiar territory to correct territory. The second one is, you must be able to diversify by purpose, not just by a risk.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:16:02]

MIKE: I think we can all get behind the principal or the idea of diversifying your risk, but how about by purpose. A pie chart can’t tell you what you’re supposed to sell each year to draw income from, but a distribution plan could and there’s three different categories we can talk about, and we’ll talk about probably in another segment here about the different qualifications, the three different categories and how they’re supposed to be used in retirement planning. You can also go to deckerretirmentplanning.com and download the e-book that talks about this. But the third principal is also, use a distribution plan, not the pie chart guesser, don’t play retirement roulette.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:16:38]

MIKE: We didn’t invent distribution planning, I don’t have a monopoly on this idea, but we did build algorithms which are dang good. I’ve got to say, I’m proud of them, I wrote them. But the reason why I wrote them is because, in looking for the technology to be out there, it didn’t exist. We couldn’t hire the technology and so we built it, we tested it, and so far… and for all my Boeing listeners up in Seattle… I have yet to meet a Boeing engineer be able to reverse engineer my algorithms.

 

SCOTT: Wow.

 

MIKE: That’s pretty fun right?

 

SCOTT: Yeah that is.

 

MIKE: So far so good. That doesn’t mean that one in the future won’t be able to, that’s not a challenge to try and take away my secret sauce. I’m just saying they are complicated on the backend to bring simplicity to you on the frontend in planning your retirement.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:17:23]

MIKE: They’re very technical to give you simplicity, clarity, dare I say, the transparency you deserve. The biggest issue that… go ahead Scott, you were gonna say something.

 

SCOTT: Oh no no, keep going, I love your direction.

 

MIKE: The biggest thing I want to talk about today, if it’s okay, is time. Time is our most precious commodity and we’ve had a few clients come in saying, look I’m 57 years old, most of my assets are in IRA accounts and I don’t want to take the penalty of taking out the assets, I could retire today, I could enjoy a wonderful life today, but I have yet to meet someone who can properly allow me to retire today without taking a huge penalty.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:18:06]

MIKE: Isn’t that kind of sad. Now it’s not sad in the fact that, I get what the government’s trying to do, in IRA accounts that grow tax free, they’re meant to be for your retirement. They’re preventing people, based on their metrics, trying to do the best they can, to prevent people from spending all their money too soon. So they put a resistance against spending your IRA assets too soon. And that’s…

 

SCOTT: And that’s age 59 and a half.

 

MIKE: 59 and a half, yeah. You’re not supposed to touch your IRA assets before hand, if you do, there’s a penalty, about 10 percent. But what if you do have enough assets?

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:18:41]

MIKE: What if you can retire early? How is it appropriate that should penalize you. Now you don’t mess with the IRS, never ever ever try and do workarounds or trick the IRS, just, it’s not worth it folks. Let’s be honest with our taxes, let’s be honest with our investing, and let’s play the game as the IRS states it. But the IRS code is very complicated. I want to talk about, if it’s okay with you Scott, one of the important rules to understand, and that’s when you want to retire early and you have a lot of assets in your IRA funds, in your 401k funds, in qualified accounts, including your ROTH IRA, and you want to retire earlier, how do you do it?

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:19:23]

MIKE: When you implement the three principals that govern proper retirement planning there is still a beam a light to be able to retire at 57, 56, 58 years old, depending on the percentage you have of non-qualified to qualified accounts, it’s that simple. And there are workarounds available like 72 t, or 72 q, one’s for your normal IRA assets, one, if you got sold annuity and you’re gonna draw income from that at some point, how you work around that. It is possible, based on the riskless rate that’s available to you, you can take a little bit out penalty free.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:19:58]

MIKE: It takes extremely careful planning, we want to get your CPA involved with this as well, and want to map it out. But for all of you that have 2, 3, 4 million dollars and you don’t want to keep working, and you’re in your late 50s but not 59 and a half, it’s possible, we’ve been doing it here. We had a couple actually from Seattle that wanted to retire in Arizona and their dream… retire in Arizona and be able to enjoy a safer retirement, but they kept working even though they hated their jobs because they just couldn’t retire, they couldn’t access their money. We made it possible.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:20:38]

SCOTT: So what you’re saying now is that, even if somebody has gone down the road, they have an IRA, it’s a traditional IRA, you can actually make some changes in their planning, you know, in this process, which will allow them to start taking income and not have that penalty.

 

MIKE: It’s simply coordination between the different accounts with a team approach, right? You’re not gonna have a quarter… everyone on the football team be a quarterback, you’re not gonna have everyone be a receiver, there’s different purposes for every part of it.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:21:08]

MIKE: Every part of your plan, that’s every qualification, tax qualification, so a traditional IRA or a ROTH IRA, or a non-qualified account and all the different allocations and who is a part of each allocation as well as the different investments you have, and then the needs you have for income, all must be coordinated to have a proper retirement plan. Very complicated to do, that’s why we’re here though, because it’s ridiculous to expect you to just get it.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:21:36]

SCOTT: Like the average advisor probably is not going to know what to do here. I mean the average advisor who is focused on the accumulation side. Again this is the distribution side, trying to provide that income from the rest of your life. Somebody… and you know what I can tell a lot of people out there driving around right now listening, they’re going, I don’t have much sympathy for people who can retire at 57. But that’s… they have that right, right? And that’s a special situation and thankfully there are ways around that.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:22:06]

SCOTT: And with the government in mind, because as you said, that’s very difficult.

 

MIKE: You follow the governments rules, I can’t stress that enough. I’ve heard some really crazy situations to where, well if you do this, that, and the other, you can fake your way through taxes. No, you don’t ever go there.

 

SCOTT: Don’t fake anything with the IRS.

 

MIKE: You are straight with your taxes, you are straight with the government and you follow the rules. My point is, regardless of your situation, there may be options that are available to you that are straight with the rules, that are straight with the IRS, and when it comes down to it, give you more time, which is your most precious commodity.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:22:45]

SCOTT: And if you would like to get in front of the Decker Retirement team there is a few simple ways to do that. One is 833-707-3030 right now, give us a call. You’ve have the option to choose from the Decker 30 review, which is a 30 minutes phone call, or a 90 minute in office review. Which that has a value of 2,000 dollars, there will be no charge today, if you’re listening right now. If you’re within the sound of our voice and you’d like to find out more about these kinds of strategies, which again, they sound unusual but they have been well thought out of and the idea, again, is to maximize what the potential is.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:23:24]

MIKE: Yeah well, Scott can I come in on that real quick. Because it’s these principal based, math based, there’s no quick fixes here, there’s no workarounds, it is straight shooting, principal based, math based options. The reason why it’s such a shock to so many people is they didn’t realize it was available to them.

 

SCOTT: And if you’d also like to get some more information I would go to deckerretirementplanning.com, you can get started there if you’d like to do the digital side.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:23:51]

SCOTT: There’s a wealth of information there as well. E-books, articles about this, again this is a math based approach, there is no guessing here. This is designed to take, simple, to take the guess work out of retirement planning. And this is a plan that is going to take you through your retirement. Again, for many people who planned on retiring, you know, when they started working 25, 30, 40 years ago, probably 75, well now we’re living to 90, you have to take that into consideration. And would it be safe to say that Decker Retirement Planning is playing long ball here?

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:24:25]

MIKE: Oh yeah. Not only long ball, but being very cognizant of the financial situation, the uncharted territory, and really keeping our pulse on how things are.

 

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

 

COMMERCIAL: Retirement investing and planning shouldn’t be a guessing game. With the ever changing four percent rule as most people’s 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.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:24:53]

COMMERCIAL: 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. 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.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:25:31]

COMMERCIAL: Just 30 minutes for a safer 30 plus years. That’s deckerretirementplanning.com. While buy and hold investing is a very common strategy it’s important to understand it isn’t a one size fits all solution. The appeal of buy and hold investing is simplicity, buy and hold requires little skill or serious effort and it completely ignores an appropriate amount of risk management with shorter time horizons which is crucial as you get older and closer to retirement. : Think about it, you wouldn’t use this passive way of thinking to advance your career, manage your health, developing lasting relationships or any other important aspect of your life, why would you think it would be a suitable financial strategy.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:26:10]

COMMERCIAL: At Decker Retirement Planning we actively manage your investments, the two sided risk models we use are based on algorithms that can tell you what to buy, when to buy, and when to sell. They’re designed to keep up with the S&P in the up years while helping protect your assets in the down years. I know it sounds great doesn’t it. Go to deckerretirementplaning.com and get your portfolio review at no cost today. That’s deckerretirementplanning.com.

 

ANNOUNCER: Want to find out how as little as 30 minutes can change the next 30 years of retirement, keep listening to find out or call 833-707-3030. Now, here’s Mike and Scott.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:26:48]

SCOTT: Thank you for tuning in this is the Safer Retirement show. I’m Scott Drake, my cohost the lovable Michael Decker, president of Decker Retirement Planning, which powers Safer Retirement Radio. 833-707-3030 is the number, we’ll tell you more about that. You can also visit deckerretirementplanning.com, there is some valuable information there on retirement planning. E-books, articles, and things that you will… I’m confident you’re gonna find useful. But Mike, welcome back. We’re gonna talk about probably the most important, if not one of the most important aspects of retirement planning. Retirement planning is really mainly about creating a paycheck when you’re not working.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:27:30]

SCOTT: And these days, like we talk about all the time, the word longevity risk. People are spending much longer periods in retirement, 10 years, 15 years, 20 years, 30 years. I mean again, we go back to social security, when it was created some 80, 90 years ago, the life expectancy was 58. Well now you and I got a good shot of making 85 if not older.

 

MIKE: At least.

 

SCOTT: At least. And if you’ve got a couple at age 65, there’s a 50 percent chance on of them is gonna hit 95.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:28:02]

SCOTT: If you retire at 65 that means 30 years in retirement. I mean is it possible to say that some people are gonna be spending longer in retirement than they are in their working years.

 

MIKE: It’s possible. Think about it Scott, we graduate high school around 18 years old and then we go to college for a few years. Let’s say we’re 25 and start a career, because you know, we have some internships, some experience moving around, not to mention that most people will change careers two or three times in their working life. 25 to 55 years old, 65, 30, 40 years you’re working. How is it that you can spend 30 to 40 years working, and expect without detailed planning to just not receive a paycheck for 30 years.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING    [00:28:45]

MIKE: I mean, the math doesn’t add up. But the realization I think is not settling in for a lot of people, or they’re just delaying the inevitable because they’re scared.

 

SCOTT: You mean everybody doesn’t have a pension Mike?

 

MIKE: No. No, and as much as I… who’s the guy, the guy that does rich dad, poor dad, you know that guy.

 

SCOTT: I can’t think of his name but I know who you’re talking about.

 

MIKE: Really nice guy. You know he’s got a lot of people into real estate, real estate income is a great option if you get started earl enough.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:29:19]

MIKE: If you’re 55 years old, buying up a lot of real estate property, that may not be in your best interest when you think of return on investments. I mean it takes a while to make sense, which is why he talks about getting started early. Dave Ramsey talks a lot about debt, getting out of debt and things like that, which is great. But when it comes to financial planning, these guys are missing the mark. When it comes to principal based, math based planning, we’re talking about mathematics that show you down to the month, net of tax, how much you can spend. Principals that show you how to structure your plan given your unique situations.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:29:56]

MIKE: And I just hope everyone within the sound of our voice can appreciate the fact that we’re calling it out as it is. A pie chart isn’t good enough and thinking that you can just buy a bunch of businesses or properties, they’re gonna generate an income for you for life. If you’re too late in the game, you’re too late in the game, you have to do a different style of planning.

 

SCOTT: We talk a lot about diversification, I just want to take one moment to talk about that. A lot of people have this misconception I think, around what is actually being diversified. Can you give an example because you really specialize in this. An example of what some people consider good diversification, when in fact it’s not really diversified at all.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:30:42]

MIKE: Sure, diversification is typically stemmed from asset allocation portfolio theory. Which says, a good diversified portfolio, small cap, large cap, mid cap, stocks, bonds, bond funds in that area, mutual funds if you’ve got ETF… the list goes on. But you’ve got a good diversification that spreads your exposure out in emerging markets for a lot people, to where your minimizing the down effect but you’re also able to capture the upside. Perfect diversification equals zero.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:31:17]

MIKE: So you have risk, it can drop, you can grow those assets as well if the markets do go up. The idea that markets will only go up in ludicrous, they can go down, and they seem to go down when people need it to go up the most.

 

SCOTT: Yes, that’s true.

 

MIKE: And then the idea that you can create an income stream by diversifying your assets in the pie chart guesser, pull 4 percent out of it each year, which goes against sequence of return risk and historical mathematics… you’ve got to think differently.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:31:50]

MIKE: When you’re in accumulation mode, okay, the pie chart makes sense. Diversify your assets to grow the way you need it to, and you’ve got a paycheck so if things go bad you can ride it out. But in retirement you don’t have that kind of time frame. Let me phrase it this way, you have such a large time frame that you can’t make those mistakes because if you go down the first few years, that 30 year window you need is shrinking and shrinking quickly. Now this is… I don’t want to be fear based, I hate that, I want to be a neutral as possible.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:32:22]

MIKE: I am just stating the facts. The 4 percent rule is toxic, you can’t diversify yourself out of risk, and you’ve got to have a plan, a plan that states down to the month, net of tax, how much you can spend for as long as you live or what your life expectancy is. For most people we plan to 99 years old.

 

SCOTT: And when you talk about the four percent rule, just for clarification, that is the notion that I believe started in the early 90s where you just take four percent of your portfolio over time, assuming the market will improve by seven percent a year and that you’re probably gonna be okay.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:33:00]

SCOTT: Well that just doesn’t make sense anymore and it’s not appropriate for most people. But, you know, we’re talking right now about generating income for the long haul. And income planning, again, we always hear about… we hear lots of marketing about, what’s your retirement number, what’s that number you’ve got to get to. That’s great, as long as it provides the income you need through those…

 

MIKE: It’s a benchmark. And you’re coming to the four percent rule, it stems from William Bengen, who’s the gentleman who invented it, what he said was, you know, if stocks have average around eight percent over the last hundred years, and bonds have averaged around four, four and half percent over the last 30 years, you should be fine.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:33:35]

MIKE: But isn’t it interesting, with the 18 year market cycle the markets are flat or up every other 18 years or so, it varies a few years in between, that from 2000 to 2009 or 10 or so people barely made a dime. So when the four percent rule happens during a flat market cycle it’s devastating. Now we’ve had a great 10 year bull market, is it gonna last another 8 years? Well considering that the cycle before lasted about 10 years, we have a 10 year bull market, and with quantitative easing happening, it’s a good assumption to say that we’re in uncharted territories, and that the assumption that the markets will only go up is just ludicrous.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:34:17]

MIKE: Not that we want to hope for it, we want to get all the upside gains. But we’ve got to be able to plan accordingly for when the… for when or if the markets go sideways or go down. It’s just proper retirement planning because you can’t risk 30 years over a guessing plan.

 

SCOTT: And this is where you make all your hay. I mean this is where your specific type of planning is able to perform in both those up and down markets as we saw back in 2008.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:34:49]

MIKE: Oh yeah, it reminds me of a story, and I want to illustrate this before I mention this story, this case study so to speak, is that you are your CEO of your retirement planning. You build your team, your board, you’ve got a financial… you should have a financial advisor, you should have a CPA, and you should have an attorney to make sure this happens. I had a couple up in Seattle who their retirement dream was to start, in five years, to start doing these little missions for their community church.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:35:20]

MIKE: And they would last about a month to two months long, but they couldn’t bear the fact that if they were oversees and markets went sideways that they wouldn’t be able to react. So they looked for a plan that they could rely on. When the found us being math based, principal based, it made sense. It made sense because they can be in Guadalupe, they can be in Ecuador or Africa or, you know, wherever in the world, and know that the principals that are in place are helping them enjoy a safer retirement and that their paycheck just keeps coming in.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:35:53]

SCOTT: Right so talk about, again, this is this purposeful kind of planning that we always talk about. And again the phone number is 833-707-3030, you’re listening to Safer Retirement Radio. The world safer is extremely important, this is where planning comes in, this is where we stop guessing. I mean, this is to take the guess work out of your planning, I can’t say it enough. You know, and I’ve been guilty of it myself throughout the years. You look at your statements every month and you think, that’s your plan. That is not a plan is it.

 

MIKE: It’s a water mark. It’s where you are right now, it’s your temperature.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:36:30]

MIKE: But it can go up and it can go down.

 

SCOTT: Are you listening right now and, I would say, here’s one question that I’ve gotten a lot, how do you know if you’re taking too much risk. So a lot of safer retirement planning is around managing risk. I think if you are losing sleep at night because you’re in the market, you’re risk tolerance might be changing and you might need to adjust it. Would that be accurate?

 

MIKE: Oh trust your gut. Most people are taking more risk than they realize.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:37:00]

MIKE: And Scott, the beauty of a math based, principal based approach is as simple as this, principals don’t change. So when it comes to the four percent rule, which right now is the two point something percent rule, how in the world can you plan a retirement around a fluctuating account that pulls income off of a fluctuating account, a fluctuating income, a fluctuating market. All I hear is fluctuation, fluctuation, fluctuation, you’re income should not be a fluctuation unless it’s a subtle growth with a cost of living adjustment that you accounted for.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:37:34]

MIKE: So when you take the principals that don’t change, and then you incorporate the mathematics to show you as it is, then you can start enjoying a safer retirement because you’ve got the clarity to make the right decisions.

 

SCOTT: And to get that Math based approach, here’s the number to call, 833-707-3030. You have a couple of options here, one is the Decker 30 review, it’s a simple phone call, you talk to somebody from the Decker team. Talk about that quickly.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:37:58]

MIKE: Yeah, the Decker 30 review is very simple. We want to talk about the markets as they are and as they can effect a retiree. For example, low fed interest rates, what’s the risk that you face with that, with inflation costs, and we can go into that, but that’s what the 30 review is for. We also want to show you the our safer distribution plan, and this is… it shows you all three principals that govern proper retirement planning and mathematically shows you what your retirement should look like. Whether you like it or not, it’s just that simple, it’s very transparent. Social security optimization, there’s pension review, there’s a number of different analysts that we do for it, as well as a purebred fiduciaries review on your retirement, which is huge.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:38:42]

MIKE: This costs us 2,000 dollars to be able to put together, that’s the normal value of all these services. But Scott, if they’re calling in or if they’re going to the website and clicking get started, with the limited available we have this week, we can do it at no cost for anyone listening.

 

SCOTT: 833-707-3030. If you are 55 years or older and have at least 300 thousand saved for retirement this could work for you. Safer Retirement Radio.

 

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.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:39:16]

COMMERCIAL: 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. 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.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:39:55]

COMMERCIAL: 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. 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.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:40:41]

COMMERCIAL: 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.

 

ANNOUNCER: 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.

 

SCOTT: Welcome back, you found us, Safer Retirement Radio, powered by Decker Retirement Planning. And I want to focus on the word planning.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:41:20]

SCOTT: See planning, you know what that means, that means you have a plan in place, and that’s what this broadcast is all about. It’s about having a purposeful idea about what’s going to happen with my guest, the president of Decker Retirement Planning, Mike Decker in studio right now. Talk about this whole concept Mike, of having a plan in place. Because I feel, based on what I’ve heard, that a lot of people think a bunch of statements is a plan. It’s not is it?

 

MIKE: No, and really when it comes down to it I think of, who’s the guy… Bear Grylls I think, the guy that gets dropped in the middle of nowhere and then goes out, right?

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:41:58]

MIKE: Most people’s plan is like if you got dropped… or you’re going hiking, let’s say you’re going hiking through Yellowstone, no phone, no map, no compass, you’re just gonna walk that way. That’s kind of what the pie chart is, it’s a pie chart guesser, you walk in a general direction and you hope you don’t get lost. Whereas, at least for me an eagle scout, right, boy scout from years ago, but we learn how to use a compass, we learn how to use a map, and we learn how to navigate through the terrain. And sometimes yeah, you’ve got to take a little bit of a left because there’s a huge canyon you’ve got to avoid.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:42:31]

MIKE: Sometimes you’ve got to take a right or slow down. For so many people, and this kind of illustrates the four percent rule, you’re gonna take four percent each year out of your retirement, it’s ludicrous. If we’re using this analogy, walking through Yellowstone, some days you can walk a significant amount of miles because it’s flat terrain. Are you gonna cover that same distance when you have to scale up a mountain side, absolutely not. So understanding the principals that govern proper retirement planning is the framework that is required to be able to have a proper retirement plan, one that gives you transparency and clarity.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:43:08]

MIKE: I’ve got a story actually Scott, if I can bring up, about a client that came in.

 

SCOTT: That’s why we’re here Mike.

 

MIKE: He was on the same topic of, didn’t have much investment experience, had been told be their financial professional, who did a great job helping them accumulate assets, just draw about four percent each year and you should be fine. And he says, it just doesn’t feel right. Now this is back… markets were volatile, they were pretty flat, going up and down and every which way it seemed like, and he just drove him crazy. And so he was doing the circuit of dinner events among financial advisors. And let’s be very honest with ourselves folks, a lot of us listening right now do the retirement circuit and that’s completely appropriate, if not encourage.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING    [00:43:51]

MIKE: If you’re looking for information, a great way to get to know the different financial advisors is to go to their different dinner seminars. I encourage it, you should get information. And if there’s an advisor out there who is just talking about themselves the whole time, you don’t get much substance, that’s probably gonna be indicative of their planning. And if you get someone who briefly says, this is who I am, let’s dive into the details, it’s gonna be indicative of their planning. Our dinner seminars are packed, our webinars, our in-person events, they are packed with information because at the end of the day, the people who at least plan with us, like data, they like historicals, they like structure.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:44:30]

MIKE: They are math based, principal based people just like us here at Decker Retirement Planning. This individual, gosh, I had such a great time with him, helping him through the process. He came in and didn’t have a plan, and was notified that retirement may be a good idea for him, he wasn’t getting pushed out, but just was saying, you know those different dynamics and things like that, we really appreciate all that you do, but it may be time to start making some adjustments. This happens… especially when you’re getting to be 63, 64 years old, adjustments just seem to happen.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:45:06]

MIKE: And so he started doing the circuit and found us, and he admittedly came in and he said, I don’t have much investment experience but I appreciate the mathematical approach that you guys are doing here. He understood how to save and diversify his portfolio, did a great job accumulating his assets with his current financial professional, but he understood that wasn’t enough when it came to retirement planning. Why, because he had a lot of questions, and they were not getting answered. And he kept doing the circuit until his questioned were being answered the way he wanted them.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:45:39]

MIKE: Folks if that’s like you, I mean, I’m willing to bet a lot of your questions can get answered with our articles at deckerretirementplanning.com or the different books and e-books that are free to download here. But his need was to build a plan that he could see clearly if he could retire or not. His danger was, he admitted he was emotional about the different aspects of investing. Markets go down, he’s pinching pennies and doesn’t want to do anything. Markets go up, he wants to take a lot of vacations. The very system of the four percent rule, investing, most of it at risk, gave him emotional whiplash. Scott, can you imagine that?

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:46:17]

SCOTT: Yes I can, because one of the things they always talk about with investing, just on the accumulation side, you can’t invest emotionally. How do you not? How do you not think about all your money and not be emotional about it?

 

MIKE: Well that’s why we built the practice around a math based, principal based approach. Let’s get rid of opinions and get principal and mathematics involved. I think most of us can agree that one plus two equals three.

 

SCOTT: Yes.

 

MIKE: Yeah.

 

SCOTT: Very good.

 

MIKE: Yeah, right.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:46:50]

SCOTT: Amazing.

 

MIKE: It’s that simple.

 

SCOTT: You are a math guy.

 

MIKE: Now, when you have the principals that are in there, then you create the right equations, ‘cause one minus two doesn’t equal three, right? So if you have the wrong parts of the equation in there the numbers don’t line up. A lot of financial plans for retirement are just like that, they mix around different equations and they confuse needs versus the realities that are here and the financial environment using old data that doesn’t quantify anymore.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:47:20]

MIKE: For example, the four percent rule today, which was invented before, you know, years and years ago, was denounced in 2008. But a lot of financial professionals are calling it the two point something percent rule.

 

SCOTT: 2.8 percent rule or something like that, right.

 

MIKE: Principals don’t change, math doesn’t change, your retirement plan shouldn’t change, especially when you start it. So this individual, we went through the principals that govern proper retirement planning, which are, never draw income from a fluctuating account, diversify by purpose not just by risk, and use a distribution plan. Get rid of the pie chart guesser, stop playing retirement roulette.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:47:58]

MIKE: Whether you’re currently retired or near retirement, when it comes down to it folks, principals don’t change, neither should your plan. And math is. I love it, math just is. It has no emotion, it tells you exactly what it is, regardless of if you like it or not, that’s the beauty of mathematics.

 

SCOTT: And, you know, in this particular case, you know, retirement planning isn’t really set it and forget it either. Math is helping us all along the way because things change right? And, I mean, you can’t necessarily… you have to account for change, so these plans are flexible aren’t they?

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:48:34]

MIKE: They are. So we built him a plan, in particular this couple, with their 800 and some thousand dollars. Now the husband had social security, he worked in the private sector. The spouse, the wife did not work in the public sector, so she didn’t get a social security benefit, she did get a pension though. So we treated them both like pensions or social security, income streams if you would. And then we quantified down to the month, net of tax, how much they could spend for as long as they live, with a cost of living adjustment.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:49:05]

MIKE: And, again remember this is an emotional person, which is not a bad thing. An emotional person is not a bad thing, let’s stop trying to be robotic about this, let’s enjoy life, but create principals around our finances so the emotions don’t get in the way of the financial decisions that we want to make. This plan was built in such a way, to where, yeah, the next 20 years of their life had income from principal guaranteed accounts. So if the markets went up or down, these clients were able to stay the course of what they wanted to do and not make decisions based on the market values of that day, or that month. That’s liberating.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:49:42]

MIKE: But on top of that, yeah they took risk. They have risk that they don’t need to touch for over 10 years. And now we’re using two sided models that are designed to make money in up or down markets, which is very powerful. They’ve been averaging around 16 and half percent since 2000, how many people can say that. And we built the plan around these principals and doing the due diligence of getting the average person the investment tools that the multimillionaires are having. The ones that can afford an investment minimum of two, three million dollars.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:50:14]

MIKE: We’re getting access to those quantitative algorithms, those models, that are making… I hate to say, the rich richer right…

 

SCOTT: But they are.

 

MIKE: Well they’re there for a reason, they did a great job for it, not everyone can be there, and this isn’t a political statement. It is simply that I want to make sure that everyone that has at least… been able to save up at least 300 thousand of assets for retirement so there’s something to invest, can have access to these kinds of investments.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:50:45]

MIKE: Now whether you have 300 thousand, a million dollars, or 30 million dollars, we’re worked with the gamut. Whether it’s estate planning we’re focused on or not, this kind of transparency, this kind of access, and this kind of flexibility should be available to anyone out there that wants to be able to retire. And I say 200 minimum, I kind of poke fun at that, because how do you diversify a two million dollar portfolio when most people have around 1.2 to 1.4 million dollars saved up for retirement, depending on the region.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:51:16]

MIKE: I mean San Francisco and Seattle they have more assets than Utah we’ve noticed, but these are all good people that are within the threshold of where they should be given the cost of living in their area. Why should that be the differentiation of what they have access to or not.

 

SCOTT: You know, and I guess too, the goal, when you’re talking about retirement planning, is as people get closer to retirement, they have maintained a certain lifestyle. The idea is not to have a reduction in lifestyle, right.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:51:44]

SCOTT: And again, we’re talking about planning that accounts for a retirement that could be 10, 15, 20, 25, or these days, 30 years or more which is a heck of a long time. And that’s why Mike is a numbers guy, he knows one plus two, he knows a lot more than that.

 

MIKE: Yeah. Math based, principal based, getting access to… as purebred fiduciaries, giving access to some incredible investment options that most people don’t even know is available to them.

 

SCOTT: If you would like access to those options he just talked about, 833-707-3030 is the number.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:52:19]

SCOTT: That 3030 is significant because it represents the Decker 30 review, which is available to you, it’s a 30 minute phone call, or you can have a 90 minute in office review, which has a value of 2,000 dollars but will not be charged to you. Don’t come with your checkbook, this is going to be, kind of an information gathering sort of deal, but it’s gonna be quite valuable to you.

 

MIKE: Absolutely. We’re not only gonna optimize your social security, pension analysis, the gamut of independent income streams that you may have in your retirement, but we’re also going to… we’re going to package it all together in a safer distribution plan.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:52:55]

MIKE: These are quantitative, proprietary algorithms that we wrote that tell you or show you, down to the month, net of tax, how much you can spend for the rest of your life.

 

SCOTT: And if you want to also find out more you can visit deckerretirementplanning.com, there’s a get started button there and lots of valuable information, articles and e-books that you can download. 833-707-3030, Safer Retirement Radio coming back shortly.

 

COMMERICAL: 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 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:53:30]

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 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:54:00]

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. 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.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:54:41]

COMMERCIAL: 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. 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.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:55:15]

ANNOUNCER: 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, Mike Decker here, just to wrap up the show here. I want to give some… a thought here, if I would, just entertain me. I like to kind of challenge the way we think a little bit here, especially on the show as there tends to be a huge paradigm shift when people understand the different between accumulation and distribution planning.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:55:48]

MIKE: And they’re both very different financially speaking. We’ve heard the term, knowledge is power, I would say, applied knowledge is power, and here’s what I mean. Just because you know something doesn’t mean you know how to implement it, doesn’t mean you understand the other aspects that may be around it, and doesn’t mean that you are gonna take action. How many people read self-help books and don’t actually help themselves? How many people are listening to this show, and saying, you know that’s a really good idea, but don’t take action? I hope that everyone within the sound of my voice at least will be able to feel comfortable enough that they can come in and not feel pressure to do anything.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:56:24]

MIKE: See this introductory visit that we do, the introductory visit is plain and simple. What it does is it allows us to conduct or share the research as the markets are today, and allows you to be able to talk about your retirement from a purebred fiduciary standpoint. And we can show you, with a math based, principal based approach what your options are. There’s no checkbook needed, no financial decisions are being made, there’s no pressure to do anything. It’s simply information gathering, and it’s set up that way so we can help educate you on how retirement is.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:57:01]

MIKE: Whether you work with us or not, the information that you gather can help you build the financial foundation that you would need for the rest of your life, for the 30 plus years of retirement. For all those just tuning in to the end of the show, I would encourage you, go to deckerretirementplanning.com and read more, do more research. You can call us, 833-707-3030, if you want, and schedule a visit, we’re happy to do that as well. But our bottom line here is that we can help people enjoy a safer retirement.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:57:32]

MIKE: There’s a number of articles, you can listen to past shows on our website, you can read more about our firm itself. But again, when it comes down to it, having the tools and having them implemented correctly is key to enjoying a safer retirement. Thanks so much everyone, we hope you join us same time, same place next week or subscribe to us via podcast on iTunes or Google Play, we’ll talk to you in one week’s time. Take care everyone.

 

RR S3 E9 PROBLEMS RETIREES FACE IN PLANNING     [00:58:00]

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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.