David, Sears, Chief Operating Officer discussed on Hero's Talk Radio
From your nation's capitol were David and Lorette errands. Okay. I was just going to mention one thing about the popcorn. Okay. So when we okay it's called the popcorn syndrome because when we go to the movies when I stand up after we find him. Maybe what does my seat look like? It's nice in the inkling. Okay. And then when you stand up after going to movies, what is your seat? You know, you have to give the guys come back something to do. That happens. Right. I leave them. Yeah. And you get refills on the popcorn, basically. Yeah. I don't know. I'm just sloppy. He just loves to spread the popcorn around. And so it's like spreading the word around so unnecessary. No. But it's great because it's eat with passion. Okay. And you know, what I understand? And that's just my motto. Eat with passion. You know in the old days. Right. I remember. I remember back. I mean, I wasn't always only a financial advisor. Okay. So as a matter of fact, I was at one point I was chief operating officer for Sears. Okay. As a in their remodeling division. I was west coast president for Andersen. Windows a while back as well. And so I remember telling employees all the time about the three legged stool, okay for retirement income, and what was that a company pension? Okay. Was one leg a social security and then personal savings. All right. So that was the three legged stool back when I was in corporate America. But today that stool has different legs. Right. So for most Americans in the private sector. There's no company pension. And instead, there's only a 4._0._1._K plan. So now, we have to put add legs to our stool. Because really even a three legged stool, isn't all that stable. Right. I mean, I guess you could. Could sit on a three legged stool and feel comfortable, but we would say, hey, you need at least four legs to your stool, typically social security could be one of those legs. Right. And then your 4._0._1._K your IRA or your four zero three b or your TSP plan. That's certainly should be another leg to the stool. But what are some of the other legs comprised of well one of the things that mean what fifteen years ago when we got into the financial industry. We said, hey, you know, what we want to talk about a leg to a stool that provides a tax free income now most people would think automatically a Roth IRA, and yes, Roth IRA's are wonderful. No question about that. They do provide tax free income. The problem is is that most people don't have a very large Roth IRA, and you can only put limited funds and many many people did not qualify to even fund a Roth IRA because of their income. So the raft strategy the retirement approach free of tax when we when we are. Came about understanding and really digging, you know, peeling back the layers of the onion and identifying okay, what are the features one of the benefits. What are the restrictions of the raft strategy, we identified immediately that this was a very very strong option for one of those legs to the stool where we could take all ready tax money, maybe money in the Bank savings, perhaps you have a CD coming. Do. Maybe you have disposable income that you could put in every month and put it into an account that will grow tax free. All right. So you can deposit into this account. You can find that in a short period of time or a longer period of time, depending on what your objectives are. And what your financial situation is. And then that money will grow tax re-based on the performance of an index. Like, the Dow the NASDAQ the S and P five hundred but wait a minute that index has a floor of zero. So no matter what happens in the market. You'll never lose your money, and you'll never lose any principal or any interest. That you received in prior years. So that would. But now, what's the upside? The upside is as much as fourteen percent. So we could go anywhere from zero to fourteen percent, depending on what the index does a grows tax rate. We can access that money tax free. And you don't have to be fifty nine and a half years old to do it. So it's liquid. It's safe, and it gives you a great tax free return averaging over seven percent per year. Exactly. As soon as we found out about this strategy. We started funding our own raft accounts. So we have three in our family right now. Everyone of our kids has one as well. And I know seven kids there you go. So I just wanted to get have retired just on. Show. You an example of this is let's see, oh, this is Robert and he had called and he says I want one of those wrath strategy things. Like, okay. What can you do for me? I'm fifty years old. And I'm in good health. I'm like that's good because that does count and he wants to put thirty thousand dollars a year into it for the next fifteen years. So that means he's going to fund that from age, you know, basically fifty one to age sixty five so that's fifteen years that's four hundred and fifty thousand dollars toll. He's putting into the account. Now, this is money that was outside of his 4._0._1._K plan. It's just it's money. He wants to put in a tax free situation. Well, guess what the projection is he's going to turn right around at age sixty six and start taking out sixty six thousand dollars per year. Tax free. And if you do the math on that. I mean, that's that's pretty awesome. I mean, even just ten years down the road. He's already taken out six hundred sixty thousand dollars tax free, which is a million dollar asset in my mind because you're not paying taxes on it. Right. So from sixty five to seventy five he's already taken out that six hundred sixty thousand dollars. Now, there's also a death benefit even after he's taken out for ten years. There's still a million dollar death benefit. So if he were to pass away at that point in his family's going to get a million dollars. He's already taking out six hundred sixty thousand then there's additional million dollars. I mean, that's a pretty Doug on great way for him to to use that four hundred and fifty thousand dollars. He doesn't have to fund it all at once. It can go in a little bit at a time. Now, you don't have to have thirty thousand dollars a year to put into the account. You can have much less. You could put five thousand a year or even younger people can can get away with a couple of hundred dollars a month or five hundred a month or something. So so really it just depends on your situation. Whatever it is will set it up. So that it's the most productive for you. Give us. A call, and we'll get you an illustration based on your situation. The number is eight six six by four four seventy seven fifty.