18 Burst results for "844423 46 100"

"844423 46 100" Discussed on WTVN

WTVN

07:13 min | 3 hrs ago

"844423 46 100" Discussed on WTVN

"Really is a journey and you need the right guide 844423 46 100. That's the number at the pension group. 844423 46 100. The website is the pension group dot com Mike Here's a topic that's on everyone's minds these days. That's taxes. Is it safe to say this is probably the lowest will see taxes for a good long while you're definitely right on that we have a complimentary 2021 tax guide that gives people a better understanding as to what the tax rates are. And you know what we're seeing, you know, and one of the things that you know I have discussions with all the time we sit down with our clients or we do upcoming events, you know, in central Ohio. We talk about where taxes are now. Now I always ask the question to the entire audience. I say You know how many people here think Taxes are going down? Raise your hand. No one raises their hand. I said, who thinks taxes are going up in all the room raises their hand. And I said, Well, what can you do today? In order to help reduce taxes? It's surprising. A lot of people don't know what they can do. Uh, you know, you might have a mortgage. You know, you might have interest on your mortgage to help reduce your taxes. I could certainly put the Max if I'm over 50 $26,000 in my 41 K, but What else can you do? Well, you know, one of the things that you know Biden talks about is that you know, the only people are going to be paying more taxes are those making over $400,000 a year? And you know the majority of clients that come to an events that's probably not going to affect the majority. There might be a few that come to our events are in that situation. But for the most part, you know people are like, no, I don't believe that. And if you understand the tax system back in 2017 we talk about this during our events or when I'm scheduling reviews with clients. 2017 under prior to Trump's tax law changes. The 28% tax bracket today is now 22%. There's a 6% reduction in taxes. But what Biden fails to tell the American public is simply this in 2026 is the repeal of Trump's tax code. Okay, it was what they call a son. Separate vision in that 22% tax bracket is automatically going to go up to 28%. So we're going to see a 6% increase now didn't mind say that we weren't going to increase taxes for people making under 400,000. And he didn't say. I mean, he didn't say that. But if you understand what's happening the tax code, everyone's going to pay more of their fair share. It's not just for the people making over $400,000. And this really kind of bothers me. So one of the things we're talking a lot about for those that, you know, maybe they've had multiple jobs. Majority of my clients that we retired, maybe work out. You know, one corporation their entire life and they're getting ready to retire. And what we get into is what we call Roth. Conversions certainly can put money into a Roth while you're working. Have that money grow. And grow and grow tax deferred. And when you pull the income from a Roth it's tax free income at retirement. Well, you really can't convert you or four Oh one K. Let me give an example. I got a lot of clients with different amounts. 100,500. We just work with a client the other day $1.1 million in his 41 K account, and it doesn't matter the number, But when you're still working, you really cannot do these Roth conversions because it's inside of a 41 K plan. But when you retire, Ha ha different story. Now we can start converting some of that money over to a Roth. Okay? And why does someone want to do a Roth overall? Meghan? It's because people are trying to get in the lowest tax bracket. And when you start doing Roth conversions, you know if someone's making, you know 80,000 Up to $171,500. Based off our tax summary guide. You're in a 22% tax bracket and from 1 72 5 up to $329,000 year in a 24% tax bracket, only 2% basis point increase overall as far as tax bracket and not to get real technical But people, you know, when I sit down and explain this, I said, Look, if we know taxes going to go up And if Biden has a choice, he's going to increase taxes sooner rather than 2026. So what can people start doing today? They can start doing Roth conversions and, you know, let's say you you've only made $60,000 This year, you know, maybe you take you know you can go up to 80,000. Plus you have a 20. If you're married, you have a $24,000 standardized deduction so you can almost pull out, you know, 90 up to $90,000 and still remain in a 12% tax bracket. Maybe start doing 30 $6100 a year. Into these Roth conversions. This gives you the ability to grow that money, grow the money grow the money and then later on down the road, 5 10 15 years down the road, start pulling income out and it's all tax free. And I know a lot of people out there. They scratch their head. How can it be tax free? Because you've got to pay the taxes to today, as long as Congress doesn't do away with rock, you know, Roth conversions. Um, this is a very powerful tool to help retirees and retirement was one of the biggest things I talk about is the ticking tax bomb. You know, if you think about an IRA You know when I pull a dollar and I paid 20 cents to the federal government five to the state. Well, what if I pull money out of Roth? What do I pay? You pay zero taxes. So you know, the difference of it might be. You know, if I pull $50,000 out of a I R a My net. Take home, maybe $3000. But if I pull 50,000 out of Iraq, it's a true $50,000. So that's the big difference, and we actually have a tax software. Megan That we go over with our clients or people that come in to learn about how we can help reduce their taxes. We actually have tax software go 3 to 4 different pages that doesn't analysis on their tax return and showing them ways of how we can really help them. And again. We're investment advisors were not CPAs or anything of that nature. But we have tax software simple because this is a concern that we can continue to hear. Over the last year. What's going to happen in taxes? Well, we know taxes aren't going down, folks, you know, taxes going to go up. And if you're concerned about your situation, give me and my team a call here at the pension group 844423 46 under to learn more on how we can help reduce your taxes again. That number is 844423 46 100 really what it's all about. I want to talk a little more about your live events, Mike, because this is a great way to meet you Meet the pension group. Really get that understanding of your philosophy around generating retired. Income. Some of the things you're hearing, especially on the pension front, and people can get their questions answered as well. Tell folks about those and and what you aim to do with those live events. Well, I mean, the live events, you know, you know, we typically will have events throughout central Ohio, You know, typically at a restaurant type of thing, and you know, it's complimentary. Of course. You know a seats fill up fast. You know, it's first come first Serve and Last several events. We've had people on the waiting list we've actually had. We've had to turn people away from events we usually have about 35 to 40 people in an event we do have waiting lists. Uh, you know, I know I have events next week and, um, upcoming month we're going to be having more events so people can go to the pension group dot com. Click on.

$24,000 $60,000 2017 $50,000 $3000 24% $1.1 million 20 cents 100,500 6% 50,000 Congress 22% 3 28% Trump 30 2026 80,000 20
Fresh update on "844423 46 100" discussed on The Pension Group: Your Money Matters

The Pension Group: Your Money Matters

00:28 min | 3 hrs ago

Fresh update on "844423 46 100" discussed on The Pension Group: Your Money Matters

"Really is a journey and you need the right guide 844423 46 100. That's the number at the pension group. 844423 46 100. The website is the pension group dot com Mike Here's a topic that's on everyone's minds these days. That's taxes. Is it safe to say this is probably the lowest will see taxes for a good long while you're definitely right on that we have a complimentary 2021 tax guide that gives people a better understanding as to what the tax rates are. And you know what we're seeing, you know, and one of the things that you know I have discussions with all the time we sit down with our clients or we do upcoming events, you know, in central Ohio. We talk about where taxes are now. Now I always ask the question to the entire audience. I say You know how many people here think Taxes are going down? Raise your hand. No one raises their hand. I said, who thinks taxes are going up in all the room raises their hand. And I said, Well, what can you do today? In order to help reduce taxes? It's surprising. A lot of people don't know what they can do. Uh, you know, you might have a mortgage. You know, you might have interest on your mortgage to help reduce your taxes. I could certainly put the Max if I'm over 50 $26,000 in my 41 K, but What else can you do? Well, you know, one of the things that you know Biden talks about is that you know, the only people are going to be paying more taxes are those making over $400,000 a year? And you know the majority of clients that come to an events that's probably not going to affect the majority. There might be a few that come to our events are in that situation. But for the most part, you know people are like, no, I don't believe that. And if you understand the tax system back in 2017 we talk about this during our events or when I'm scheduling reviews with clients. 2017 under prior to Trump's tax law changes. The 28% tax bracket today is now 22%. There's a 6% reduction in taxes. But what Biden fails to tell the American public is simply this in 2026 is the repeal of Trump's tax code. Okay, it was what they call a son. Separate vision in that 22% tax bracket is automatically going to go up to 28%. So we're going to see a 6% increase now didn't mind say that we weren't going to increase taxes for people making under 400,000. And he didn't say. I mean, he didn't say that. But if you understand what's happening the tax code, everyone's going to pay more of their fair share. It's not just for the people making over $400,000. And this really kind of bothers me. So one of the things we're talking a lot about for those that, you know, maybe they've had multiple jobs. Majority of my clients that we retired, maybe work out. You know, one corporation their entire life and they're getting ready to retire. And what we get into is what we call Roth. Conversions certainly can put money into a Roth while you're working. Have that money grow. And grow and grow tax deferred. And when you pull the income from a Roth it's tax free income at retirement. Well, you really can't convert you or four Oh one K. Let me give an example. I got a lot of clients with different amounts. 100,500. We just work with a client the other day $1.1 million in his 41 K account, and it doesn't matter the number, But when you're still working, you really cannot do these Roth conversions because it's inside of a 41 K plan. But when you retire, Ha ha different story. Now we can start converting some of that money over to a Roth. Okay? And why does someone want to do a Roth overall? Meghan? It's because people are trying to get in the lowest tax bracket. And when you start doing Roth conversions, you know if someone's making, you know 80,000 Up to $171,500. Based off our tax summary guide. You're in a 22% tax bracket and from 1 72 5 up to $329,000 year in a 24% tax bracket, only 2% basis point increase overall as far as tax bracket and not to get real technical But people, you know, when I sit down and explain this, I said, Look, if we know taxes going to go up And if Biden has a choice, he's going to increase taxes sooner rather than 2026. So what can people start doing today? They can start doing Roth conversions and, you know, let's say you you've only made $60,000 This year, you know, maybe you take you know you can go up to 80,000. Plus you have a 20. If you're married, you have a $24,000 standardized deduction so you can almost pull out, you know, 90 up to $90,000 and still remain in a 12% tax bracket. Maybe start doing 30 $6100 a year. Into these Roth conversions. This gives you the ability to grow that money, grow the money grow the money and then later on down the road, 5 10 15 years down the road, start pulling income out and it's all tax free. And I know a lot of people out there. They scratch their head. How can it be tax free? Because you've got to pay the taxes to today, as long as Congress doesn't do away with rock, you know, Roth conversions. Um, this is a very powerful tool to help retirees and retirement was one of the biggest things I talk about is the ticking tax bomb. You know, if you think about an IRA You know when I pull a dollar and I paid 20 cents to the federal government five to the state. Well, what if I pull money out of Roth? What do I pay? You pay zero taxes. So you know, the difference of it might be. You know, if I pull $50,000 out of a I R a My net. Take home, maybe $3000. But if I pull 50,000 out of Iraq, it's a true $50,000. So that's the big difference, and we actually have a tax software. Megan That we go over with our clients or people that come in to learn about how we can help reduce their taxes. We actually have tax software go 3 to 4 different pages that doesn't analysis on their tax return and showing them ways of how we can really help them. And again. We're investment advisors were not CPAs or anything of that nature. But we have tax software simple because this is a concern that we can continue to hear. Over the last year. What's going to happen in taxes? Well, we know taxes aren't going down, folks, you know, taxes going to go up. And if you're concerned about your situation, give me and my team a call here at the pension group 844423 46 under to learn more on how we can help reduce your taxes again. That number is 844423 46 100 really what it's all about. I want to talk a little more about your live events, Mike, because this is a great way to meet you Meet the pension group. Really get that understanding of your philosophy around generating retired. Income. Some of the things you're hearing, especially on the pension front, and people can get their questions answered as well. Tell folks about those and and what you aim to do with those live events. Well, I mean, the live events, you know, you know, we typically will have events throughout central Ohio, You know, typically at a restaurant type of thing, and you know, it's complimentary. Of course. You know a seats fill up fast. You know, it's first come first Serve and Last several events. We've had people on the waiting list we've actually had. We've had to turn people away from events we usually have about 35 to 40 people in an event we do have waiting lists. Uh, you know, I know I have events next week and, um, upcoming month we're going to be having more events so people can go to the pension group dot com. Click on.

$24,000 $60,000 2017 $50,000 $3000 24% $1.1 Million 20 Cents 100,500 6% 50,000 Congress 22% 3 28% Donald Trump 30 2026 80,000 20
"844423 46 100" Discussed on WTVN

WTVN

05:06 min | 2 weeks ago

"844423 46 100" Discussed on WTVN

"Zach, This is your money matters. We talk about retirement planning here on the show, whether you have a four Oh one k a pension both and you're trying to navigate this 21st century retirement environment. You know, it is a bit different than what we've seen in the past. And it takes a comprehensive approach. The good news is Mike and the team at the pension group. They offer that they offer all of those services under one roof, helping you retire with confidence so you can get excited about this next chapter of life. It's really what it's all about. I want to kick things off with the phone number. You can reach Mike and the team at 844423 46 100 again. That's 844423 46. 100. Mike. It's great to be back with you. No, it is love this time of year, and it's also a time to start looking at finances. Start preparing. You know if someone's looking at retirement, start doing it now. Don't procrastinate. I know the weather is nice and beautiful out right now here in central Ohio, But you know, it's one of those things you know. Don't put it off, You know, Don't be one of the statistics out there. Where If I work one day too long, you can lose 1500 even $250,000 in a pension. A lot of great things we're gonna talk about on today's show. And you know how we can really help people navigate retirement or prepare for retirement, I guess is the best way to put it, Megan. Well, you know, it's funny. You talk about this time of year and some are so great. You know, we can't wait for it to get here then. Feels like before you know it. Summer is over. And that is may be indicative of just how life is in General Mike, I think we think about retirement. We think we put a retirement date, maybe on a calendar ways that would put it in our minds at least. And we think, well, I'll get to my planning one day, you know, One day I'll sit down with someone I'll give Michael call, you know, next week and then weeks turn into months and months turned into years. Don't we all know that and you make a great point. Don't put out tomorrow what you can do today because things are changing, and I want to talk about some things that are changing, especially for those of us here in central Ohio, whoever pension Let's talk segmented rates and if you're listening today, and you don't know what segmented rates are all my cares is here to tell you that they have a lot to do with your pension. So break this down for us. You say segmented rates are on the rise. What does that mean? Well, I'm not going to like Charlie Brown want, want, want? Want? Want to keep it? I'm gonna keep it simple. Okay? Is the best wagon put it so Basically, when a lot of companies out there offer a lump sum, this hasn't really happened for state workers or someone that's retired, but we're helping. A lot of people were getting people calling it from a radio show that work for the state, and they're getting ready tires. Maybe a policeman or fireman, Or maybe they're a teacher. You know they working under PRS, the city worker. We can help you as well. But when we talk about lump sum pensions, a lot of corporations out there You name it. There's so many. I can name right now that offer lump sum pensions. The segment rates determined if you're going to make money, your pension or if you're going to lose money, and, you know, notion of you know, Mike, I have a pension. I could lose money and my pension And the answer is yes, you can, and we're not talking 1000 $2000, but these rates were tracking them now. Depending on the company. Uh, you know, certain companies like Patel is June Uh, you know, AK Steel, September, Honda AT and T or November Coca Cola is December. You know nationwide is going to be different. That won't get into all the companies we work with, But we truly understand these pension. But as these interest rates increase is what they call segment and interest rates. If they increase it actually drops your lump sum pension down and what we're seeing. Because of the year prior because of Covid. We saw interest rates dropped to historic lows that we've never seen. And you know, 30 40 50 years and those rates got locked in. Well, that was great last year for people that retire in this upcoming year 2021. They're locked in. I had a call with a potential client that works out at a T and T and she's always kept in touch and she's looking to, you know, potentially retire this year, and I told her Her lump sum pension was about 600,000. She could lose between 70 to $100,000 or a lump sum pension if she doesn't retire by year end, and she's like, Oh, my gosh, Mike, we need to get together. We need to get together. You know, I was thinking about retirement. I was thinking about maybe working one more year. But if I'm going to lose more than what I actually make, I'm going to retire before 12 31. So you know, we definitely have an impact. But as these interest rates continue to increase, what's going to happen, people are going to lose more money in their lumps on pensions. And that's just an average worker executives that have between the 1.5 to $2 million are probably going to lose upwards of anywhere from 2 50 to $300,000 of the lump sum pension. So we work with everybody from assembly workers. Uh You know, we work with middle management HR. We worth it when you work with executives at the highest level, Meghan and it depends on really how big their lump sum pension is. We're probably going to see an average of $8100 as high as $300,000 of people could potentially lose this year. Because of rising interest rates, and if people don't understand their pension, shame on them, But that's why people call us at the pension group 844423 46 100. Why do people rely on us? Because we understand how your pension plan works? You know Magan, if if you didn't understand your pension,.

Mike Michael Zach Honda Meghan AK Steel tomorrow 1500 844423 46 100 844423 46. 100 December 1000 21st century Megan Coca Cola $8100 70 $250,000 next week 30
"844423 46 100" Discussed on WTVN

WTVN

06:03 min | 3 weeks ago

"844423 46 100" Discussed on WTVN

"Money matters? I'm Megan. Most accurate. Glad you tuned in today. We've been talking about segmented rights. They are on the rise. If you have a pension If you're thinking about retirement, this is important. It's actually pretty critical. Mike. There's a lot at stake here. Right now. There is and you know, people don't know about segment of rates until often it's too late or Getting closer and closer to retirement, or, you know, people won't they won't say segment and interested. They'll say that that interest rate um there's really three different rates that go into I'm not going to get technical, but we understand how that works and how that can really have a dramatic impact. These last two years we've seen people Make $6100 more than a lump sum pension just because rates went down. And I keep telling people look you have two years in a row where rates go down chance of there being a third year, slim to none. It's like it was like winning the lottery right. The only difference is everyone's playing when they have a pension. They really do, and they don't realize that they can lose a significant amount of money. And we're anticipating probably about a 13 to 15% drop in people's lump sum pensions. So if my lump sum is, let's just call it 500,000. You know, now I'm talking. I'm going to lose about $75,000 in my lump sum pension by just working. Maybe one day too long. One day losing 75,000. So now instead of getting a $500,000 pension, I'm getting 425,000. Wow. Now you have to look at what you know. What do you make? As far as income? A lot of people I work with. You know, some will make 60 70,000. Okay. That's one example. So if I lose 75, I'm making 70. I'm basically going back to work next year for free and we don't want that situation to occur. But let's say I'm an executive and you know my lump sums 1.5 million. You know, 10% would be 150 another 75. Now we're talking $225,000. I could lose my lump sum pension wealth while I make 2 50 And I lose 225,000. In essence, I've almost worked for free. It's the same math that goes into someone. That's you know, I got 30 40 years, you know, and a corporation, maybe not high level. Just, you know, an average employee or associate to you know, someone that's in middle management's going to lose more and someone that's at very high level executives gonna lose even more. From a dollar perspective and again. This is real money, folks. Uh and again it gets it gets people to really think should I read? Should I work one more year? You know, Should I be retiring by year end? How does my pension work? How's that segmented interest rate work again? Once the deadline people need to know these things, And if you don't you need to reach out to my team here at the pension group to help sit down with your to explain what those options are. And again just pick up a phone. Give us a call 844423 46 100. Or you can visit us online at the pension group dot com. You know, Mike, when you put it that way, you know you're essentially going back to work for free for a year. Boy, that really stings. When you put it that way it does. You know, And I talk about that all the time. And, you know, unfortunately, I've seen the situation happened. Unfortunately, just had one of my clients pass away this past year. You know, Marion, you know, she retired from a major telecom company. We all know who that might be here in central Ohio, A big one and long story short. She didn't retire back in 2014, and she didn't make more than you know, $55,000 a year working 37 years. She wasn't ready to retire, and unfortunately she lost $65,000 in a lump sum pension. In that case, you did work for free and gave back a little bit more money. But she waited a couple more years rates went down rates went down. She got some bills paid off. And then she was retired. And the reason why I bring up that story is because there's this mindset with a lot of people. Megan, they're not ready to retire. Even though I've been working with her for years and years, managing or 41 K at the telephone company and whatnot. It's that mindset. A lot of people were forced into retirement from a major automotive company that we worked with. You know, we work with a lot here in central Ohio. People, said Mike. I wanted to really work 34 more years, but they sweeten the pot so much. Um, you know, they gave people an incentive to retire now, rather than work 234 more years, and it's the opposite was segmented interest rates. It's kind of it's silent. No one in HR is going to tell you Hey, Megan, you need to retire by this date. Otherwise you're going to lose, you know, $8500 a year pension. No one in HR is going to tell employees that it's hard enough to find workers today, Right and then office and of HR came out and said, Hey, you're going to lose all this money. It's not their job to educate you. They can say rates are going to change work with qualified financial plan That's really going to help you. But in Marian's case, you know she was working with me, but she still wasn't mentally ready. So that's why people don't want to procrastinate because if I am correct on what's happening with segment and interest rates, and I tracked these every month, and we're seeing a big uptick These rates. What happens if you lose 13 to 15%? Let's just call it 15% of your lump sum pension. What would that do for you and your family? If you lost $75,000 on an average lump sum pension, someone that's worked 30 years was called 500,000. You lost $75,000. What would that do to your family? And again, you need to be prepared, You know? Do you have enough? Do you know your numbers? How much do you have in your 41? K. Can we create enough income to lie to retire now? And some people the answer The majority's going to be, yes, but there's gonna be some people going to say no. You need to work a few more years. Okay? And hopefully that's not you. But if you're concerned about what are my numbers Lot of people don't even know their pension numbers. Okay, now is the time Don't procrastinate. Don't be like Marion and you know we even though we were working with her, she attended a lot of events and things. Things of that nature was a great client. Unfortunately, she passed away this past year. Don't want people again that situation where they're working for free. And we joke about it. But in her situation she was working for free. Uh, simply because she gave up so much money on her lump sum pension. So again, don't procrastinate. Give us a call 844423 46 100. Again. That number is 844423 46 100 Mike. I want to also make sure people know about your website..

$65,000 Mike $75,000 $225,000 13 2014 Marion $8500 $500,000 Marian 225,000 $6100 75,000 70 75 1.5 million 425,000 10% 30 two years
"844423 46 100" Discussed on WTVN

WTVN

06:35 min | Last month

"844423 46 100" Discussed on WTVN

"Sure your plan accounts for it. Call Mike today he does have that second opinion service come Elementary for you. 844423 46 100. You know, I wonder as we talk about some of this today. Um, if there's anything we can do later in retirement, because we know historically, the US average inflation rates been about 3%. Most people are thinking Okay, well, that's not much to fuss about. But even with low inflation, the cost of everything doubles every 20 years. Mike, that's crazy. So if we're living, you know into retirement Maybe our retirement is 25 30 40 years we're going to see everything double over that that amount of time. How do you keep that from affecting late retirement income? Well, you know, certainly, you know, to have guaranteed income, You know, maybe you know, an approach would be living on a dividend and not really tapping into principle. And that's really, you know, kind of what you talked about earlier to get that second opinion and you know, we do a lot of, uh, you know, we've been doing a lot of live events this year throughout central Ohio to really help educate people and a lot of people will come in for a second opinion and We take a look at their portfolio and you know, we we've had people you know be with, you know certain firms out there, you know, 15 even 20 years and we talk about different investment strategies and, you know, they shake their head. And then I said, What are you thinking? Well, you know, my advisor really hasn't gone through any of these situations. They really haven't gone through. Talking about inflation. They haven't gone through how to reduce taxes in retirement. Uh, maybe looking at Roth conversions, Or maybe looking at life insurance could be another way to get tax free income. You know, having tax free income is 0% tax bracket is achievable. If you utilize life insurance, the income from a life insurance policy. Or if you do a Roth conversion, that's another way in which you can put yourself in a 0% tax bracket on distributions from those Two different vehicles, so to speak. You know when we do that second opinion, you know, then people start realizing that we're not just here to manage money. We're here to create a sound financial plan. Um, and as fiduciaries I've been doing this for over 24 years. A lot of people understand that. You know, we have their best interest in mind and Oftentimes people will get that's not an opinion and in regards if they've been with the firm for 15 or 20 years, you know, one of my clients put it best, he says. You know, one of the reasons why we're working with you, my wife and I is because you're a planner. You know, we've been with X Y Z firm for in 15 20 years, but it's just been put the money in there. Let it sit. Let it run up. Go down. I really don't get the advice. Don't get the reviews, you know, And if that's you, if that's your situation where, Hey, the market's going up, or maybe I haven't seen a rate of return that you know, uh, is good overall. Um, you know, what are the fees you're paying? You know, If these are some of the questions, you have certainly reach out to us. You can certainly give us a call at 844423 46 100. Or you can go to our website the pension group dot com to schedule a 15 minute strategy session with me or someone on my team to really sit down and To see if there is a fit, and then we can bring you in for a meeting to to really kind of take a look at how we can help you. But, you know, you know, certainly inflation is going to be a role taxes with with what is going on now with, you know, tax rates are going to be an increase. Everyone has a concern and What's a better time now than get a second opinion? Do it now before you know, year end Because now is the time to start planning. Don't procrastinate. Give us a call. 844423 46 100 Mike, I also want to talk about your live events. Tell us about those. Tell us why you do them and what you hope people come away with. Well, I think the biggest thing is really education. We just had a couple events we had about 30 people at one event, another event. We had up close to 40. People show up and we're going to happen Events here in the next few weeks as well so people can go to our website. The pension group dot com slash events. They can register for the next upcoming live events throughout central Ohio. But really, what it's designed to do is is to kind of give them that that game plan if you will talk about you know if I have a pension. What are my options? Should I take the pension from the company or the lump sum? We manage a lot of money inside of, uh, you know, several fortune 100 companies out there as far as what we call brokerage link of self directed brokerage account where we can actively manage someone's four Oh one K Because everyone's You know, really looking at their money. Um especially with the last market downturn. People have a concern. And you know, as they get closer and closer to retirement, Megan the last thing I want to happen is, you know, losing, you know, 30 40 50% of what? I've worked in a 2030 even 40 years. Some of my clients have worked those long that corporations And you know they want to safeguard their 41 k income and for a lot of people listening to the show. Maybe that's the only income they have. Is that 41 K. Because maybe they don't have a pension. Now, more than ever, you know, certainly reach out to us, because or come to one of our events to learn more because this is an area that we specialize is managing the money inside of a four Oh, one K. And then for those that are getting close to retirement will start putting you together An income plan one page summary, along with 40 50 page financial plan that would show them the roadmap that they need to get on in order to accomplish their goals in retirement and give them the confidence that when they're ready to retire, they made the right decision, and that's really what these events are designed to do, and we also even get into Social Security and the dues and adults. When it comes to that and again, showing people how to get tax free income in retirement. It's hard to do that, while you're working for a lot of major corporations out there, they don't like to do Roth conversions, but we're really getting. I don't want to say we get in the weeds. We keep it very simplistic about how to accomplish that, and a lot of people are showing interest. A lot of our clients. A lot of people are coming to events that are becoming nuke. New clients of our firm here at the pension group because they want someone to help them get through this situation, and we know two things are going to happen. We know inflation is going to go up and we know that tax is going to go up. So how can we minimize The tax impact so that if inflation starts to go up, you know if we can reduce the taxes if we're up to 34% not that big of a deal when we can help them reduce their tax situation. Yeah, boy, that's so important Taxes, huge, short window of opportunity to take advantage of these low rates. Rights are probably just going up from here. So get with might get with the team at the pension group. Find out how you can pay less in taxes. Get that tax free income in retirement 844423 46 100 is the number here It is again 844423 46 100. You can also go to the pension group dot com again. It's a pension group dot com..

Mike 15 minute 844423 46 100 15 today Megan 2030 0% 41 k one page central Ohio 25 this year 40 years US 15 20 years 50% 30 about 3% one event
"844423 46 100" Discussed on WTVN

WTVN

06:26 min | Last month

"844423 46 100" Discussed on WTVN

"Your plan accounts for it. Call Mike today. He does have that second opinion service complimentary for you. 844423 46 100. You know, I wonder as we talk about some of this today. Um, if there's anything we can do later in retirement, because we know historically, the US average inflation rates been about 3%. Most people are thinking Okay, well, that's not much to fuss about. But even with low inflation, the cost of everything doubles every 20 years. Mike, that's crazy. So if we're living You know, into retirement? Maybe our retirement is 25 30 40 years we're going to see everything double over that That amount of time. How do you keep that from affecting late retirement income. Well, you know, certainly, you know, to have guaranteed income, You know, maybe you know, an approach would be living on a dividend and not really tapping into principle. And that's really, you know, kind of what you talked about earlier to get that second opinion and you know, we do a lot of, uh We've been doing a lot of live events this year throughout central Ohio to really help educate people and a lot of people will come in for a second opinion, and we take a look at their portfolio and You know, we've we've had people you know be with, you know certain firms out there, you know, 15 even 20 years and we talk about different investment strategies and, you know, they shake their head. And then I said, What are you thinking? Well, you know, my advisor really hasn't gone through any of these situations. They really haven't gone through. Talking about inflation. They haven't gone through how to reduce taxes in retirement may be looking at Roth conversions or maybe looking at life insurance could be another way to get tax free income. You know, having tax free income is 0% tax bracket is achievable. If you utilize life insurance, the income from a life insurance policy. Or if you do a Roth conversion, that's another way in which you can put yourself in a 0% tax bracket on distributions from those Two different vehicles, so to speak. You know when we do that second opinion, you know, then people start realizing that we're not just here to manage money. We're here to create a sound financial plan. Um, and as fiduciaries I've been doing this for over 24 years. A lot of people understand that. You know, we have their best interest in mind and Oftentimes people will get that second opinion and in regards if they've been with the firm for 15 or 20 years, you know, one of my clients put it best, he says. You know, Mike, one of the reasons why we're working with you, my wife and I is because you're a planner. You know, we've been with X Y Z firm for in 15 20 years, but it's just been put the money in there. Let it sit. Let it run up. Go down. I really don't get the advice. Don't get the reviews, you know, And if that's you, if that's your situation where, Hey, the market's going up, or maybe I haven't seen a rate of return that you know, uh, is good overall. Um, you know, what are the fees you're paying? You know, If these are some of the questions, you have certainly reach out to us. You can certainly give us a call at 844423 46 100. Or you can go to our website the pension group dot com to schedule a 15 minute strategy session with me or someone on my team to really sit down and To see if there is a fit, and then we can bring you in for a meeting to to really kind of take a look at how we can help you. But, you know, you know, certainly inflation is going to be a role taxes with with what is going on now, with tax rates are going to be an increase. Everyone has a concern and What's a better time now than get a second opinion? Do it now before you know, year end Because now is the time to start planning. Don't procrastinate. Give us a call. 844423 46 100 Mike, I also want to talk about your live events. Tell us about those. Tell us why you do them and what you hope people come away with. Well, I think the biggest thing is really education. We just had a couple events we had about 30 people at one event, another event. We had close to 40. People show up and we're going to happen Events here in the next few weeks as well so people can go to our website, the pension group com slash events. They can register for the next upcoming live events throughout central Ohio. But really, what it's designed to do is is to kind of give them that that game plan if you will talk about you know if I have a pension. What are my options? Should I take the pension from the company or the lump sum? We manage a lot of money inside of, uh, you know, several fortune 100 companies out there as far as what we call brokerage link of self directed brokerage account where we can actively manage someone's four Oh one K because everyone's you know, really looking at their money. Um especially with a lot less market downturn. People have a concern and You know, as they get closer and closer to retirement, Megan, the last thing I want to happen is, you know, losing in a 30 40 50% of what? I've worked in a 2030 even 40 years. Some of my clients have worked those long. The corporations And you know they want to safeguard their four Oh one K income and for a lot of people listen to the show. Maybe that's the only income they have. Is that 41 K. Because maybe they don't have a pension. Now, more than ever, you know, certainly reach out to us, because or come to one of our events to learn more because this is an area that we specialize is managing the money inside of a four Oh, one K. And then for those that are getting close to retirement will start putting you together. An income plan one page summary, along with 40 50 page financial plan that will show them the roadmap that they need to get on in order to accomplish their goals in retirement and give them the confidence that when they're ready to retire, they made the right decision, and that's really what these events are designed to do, and we also even get into Social Security and the dues and adults. When it comes to that and again, showing people how to get tax free income in retirement. It's hard to do that, while you're working for a lot of major corporations out there, they don't like to do Roth conversions, but we're really getting. I don't want to say we get in the weeds. We keep it very simplistic about how to accomplish that, and a lot of people are showing interest. A lot of our clients. A lot of people are coming to events that are becoming new new clients of our firm here at the pension group because they want someone to help him get through this situation, and we know two things are going to happen. You know, inflation is going to go up and we know that tax is going to go up. So how can we minimize the tax impact so that if inflation Starts to go up. You know if we can reduce the taxes if we're up to 34% not that big of a deal when we can help them reduce their tax situation. Yeah, boy, that's so important Taxes huge, short window of opportunity to take advantage of these low rates. Rights are probably just going up from here. So get with might get with the team at the pension group. Find out how you can pay less in taxes. Get that tax free income in retirement 844423 46 100 is the number here it is again.

Mike 15 minute 844423 46 100 Megan 15 today 0% 2030 25 one central Ohio this year 40 years over 24 years 0% tax one page 15 20 years US about 3% two things
"844423 46 100" Discussed on WTVN

WTVN

08:14 min | 4 months ago

"844423 46 100" Discussed on WTVN

"The right place, Mike and I talk about what it takes to retire successfully. And it usually includes a plan, doesn't it? Mike? How are you? I'm doing great. Of course, you know, involves a plan. I think you know, people. Plan to fail, I guess is the biggest thing in the reason What ends up happening is, you know people they don't have a plan in place in order to help them prepare for the future. That's one of the things we really kind of focusing on. When we sit down with people or we do various events, you know, throughout central high, we really try to help educate people and, you know, starting that process as far as maybe that pretty retirees considered something you know, considering Impossible retirement. You know, those were some of the things that we try to do is to put together a cohesive plan. Right? And the good news. I think in this when you hear Wow, your tax bill could be more than you thought. Good news is that with the proper planning ahead of time, Mike, you can get out in front of this risk. There's actually a way to protect yourself from paying, Or should we say over paying your taxes in retirement, and I want to give your phone number if you're listening today, and you didn't realize the taxes could be such a large expense and retirement if you're ready to take advantage. Of some of the opportunities to make you more tax efficient. Call Mike Call the team there at the pension group. They'd love to sit down with you. They could take a look. Take a peek under the hood. Look at your plan. Make sure That you are as tax efficient as possible. If you're not, they'll give you ways to get it done. 844423 46 100. That is the number of the pension group 844. 423 46 100. You know, Mike, we talk about what you do with the pension group. This comprehensive approach to retirement planning, and we've been talking a lot about people who have four. Oh, one case. Sometimes people come to you and they have pensions and why wouldn't they? It's right there. In the name of your firm, the pension group. You do a lot to help people who have pensions who are trying to make the best decision. For their families with their pension. Walk us through that, what's what's really in front of people who are looking to retire with a pension these days? Well, I mean, the biggest thing is a lot of corporations are are making substantial changes their pensions, their often retirement buyouts. Voluntary separation offers whatever term you want to use, you know, A lot of people are making a decision based off of what companies presented to them. You know, from here in central Ohio, all across the country seem major corporations out there. Wanting to reduce their workforce is really what it's coming down to. A lot of people, you know, are taking back. You know, maybe I wasn't ready to retire or, you know, maybe you're in a situation where you got laid off, and they're not hiring you back, and there's a lot of things that people need to understand when it comes to their pension. A lot of people think well with my pension. My pension is always gonna be there always have a lump sum or I can't lose money, my pension and I would tell people that's incorrect. Segment it interest rates actually go up which we've been anticipating this rising interest rate environment cause last year we had interest rates at historic lows We've never seen before. We anticipate segmented rate you're going to go up this year. And what's going to end up happening. People's lump sum pensions gonna lose money in their pensions this year. Ah, lot of people that we're helping right now. We probably about 30 to 40 people were helping right now retiring here soon. And were able to get them that extra 50 $60,000 of additional money at their one son because of last year's rates, So it's important. I really stressed the people. You want to work with an advisor. Truly understand your pension plan. Let me repeat that. You want to work with an advisor that truly understands your pension plan, and we are pension advocates and what I mean by that Meghan is, you know I had a situation with the husband and wife. You just You know they're getting ready to retire, and one of her real good friends at work happened to work with. You know, some other adviser and that's fine. People can choose who they want to work with. But here at the pension group, we take this serious and we knew that segment it rates were going down. We've been educating people since September October of last year that rates were going to go down. We're going to see sustained increase in these lumps on pensions. Well, she was talking with her friend. And needless to say, her friend didn't listen to her. And she retired back in December or January. And she missed out on that extra 50 to $60,000. She could gotten along some tension and I'm like, Wow. I mean, when I ask people and an event or we talk about it on radio, or I'm on TV talking about it, who doesn't want an extra 50 $60,000? Extra in their pocket. Raise your hand if you do. We all do right, but the bottom line of it is if you're working with an advisor that's just mentioned money. This just a product specialist that's not a holistic planner. That's one of the problems that you run into out. There's a lot of eyes that can manage money, but they don't understand that your pension plan works. And if you leave one day too sooner, one day too late. You know what if that caution extra $6200 you have positive or negative? And your pension plan, and this is the seriousness of it. People don't understand on again A lot of times that major corporations HR. It's not going to give that advice out when the right time to retire is But the bottom line of it is we've seen time and time again. We're helping 30 to 40 people just this year alone. Get that extra 50 $60,000 Maurine the lump sum pension. So again, it certainly is important to a lot of our clients. Ah, lot of our people that were working with so again If you have an interest, give us a call it 844423 46 100 talk to one of our team members here at the pension group 844423 46 100. Talk about the approach you take that is truly individualistic. Well, you know, certainly, Meghan. You know everything's gonna be customized. And you know, one of the things that what we do on the investment side is we actually have access to what we call our private wealth management. And you know if you would have looked at private wealth management 15 20 years ago, you may need it. You know, anywhere from 5 to $10 million, even even north of that, Whereas with our institutional money managers, we have access to a lot of managers where You know, it might be a million. It might be 250,000 where we can offer private wealth management where we can really customize individuals. Portfolio. So you know, I had a situation with a client. You know where you know they don't want Hollywood studios in their private wealth management account. So you know if that's what they wanted, you know, we excluded them from buying. You know, like Disney, or, you know some MGM studios and you know things along those lines. So it all comes down to what? Your preference, maybe ever religious preference. Maybe you have a gun control. Maybe you have. You know, whatever the case might be, Whatever you want in your portfolio or what you don't want. We can really certainly customize that. And you know, on the non qualified, you know, side of things we can actually do help out on taxes and roughly about 2% Maurin earnings because what our institutional team will do on a non qualified account? Meghan is they'll take a look at some of the gains and losses. What we call tax harvesting inside the Non qualified account and those cells. Some some of the gains will sell some of the losses. So we even out or zero out the total tax bill, So there's definitely some things that we can do to help minimize taxes. You know? Certainly we can do that with some of our institutional teams with tax harvesting. You know, with the portfolio, or we could get into Roth conversions, life insurance, some of the other things as well. But certainly it's not Cookie cutter approach. We customize the solutions based off of each of our individual needs. And, as you know, are, you know as our clients do better, we do better from that standpoint as well. Indeed. And Mike, I know that you're out in the community quite a bit. You're helping people coming to them getting real about retirement What it takes to plan a successful 21st century retirement might. This is, uh, this is not our grandfather's retirement. Is it? No, it's not in a lot of people. There's a lot of options. There's a lot of information of people's fingertips. You know, people have a much better understanding. There's some people that, you know they don't want to do it on their own..

Mike Disney January 21st century December $6200 844423 46 100 30 250,000 last year Meghan September October one case 5 844. 423 46 100 today four $10 million Hollywood each
"844423 46 100" Discussed on WTVN

WTVN

01:34 min | 5 months ago

"844423 46 100" Discussed on WTVN

"100 walk away with confidence meet with the team at the pension group. Make sure your retirement is ready to go. There's much more with Mike Martin is on the other side of the break. Stay with us. You're listening to your money matters. When it comes to your retirement. Your money matters. Call the pension group to get a second opinion on your retirement plan. 844423 46 100. That's a 44423 46 100. Attention Always you employees, did you? No changes will be occurring with your 43 B and 4 57 plans. New options may be available to you at the beginning of the year. Some answers like nationwide are no longer available. Do you know how these changes could impact you and your retirement? Hi. I'm Mike Martin as president of founder of the pension group. Just don't settle for a target Date fund. Learn how the pension group can help you actively manage your retirement account at oh issue with brokerage link. More than two decades. We've helped thousands of individuals in Ohio man's therefore or three B and pension options with our trusted approach. Our team can get you through on the right track for retirement while giving you more options with our institutional team from Black Rock, Pacific Meter and Fidelity, Take control of your retirement today to learn Mork all 61466 to 4600. At 61466 to 4600 or visit the pension group dot com Investment advisory services offered through the bench in group Glad you tuned in today. Meghan, Mo Zack here with the founder and president of the pension group..

"844423 46 100" Discussed on WTVN

WTVN

01:47 min | 5 months ago

"844423 46 100" Discussed on WTVN

"You can access my calendar online to schedule call personally with me for 15 minutes. To see if there's a fit, how we can help you. Then in 15 minutes, I pretty much know. Hey, we can help you. There's other people say, Well, they don't have anything. This is what you can call, you know? So security, whatever the case will give him that information Complimentary. Of course, we don't need to charge that. But you know, the bottom line of it is people need to know their numbers, and that's regards. If you're accepting a voluntary retirement offer you you might get separated from a company or you get laid off. Again. Now's the time to understand your finances. What other options you have? Should I take that money from the from my IRA or four? Oh, one k. I've up. 200,000 heard about that. We don't understand that Cove it What does that mean again? That's what we get into during our discussions that to pay all the taxes now are over Three years again. We'll explain that to you again. I'm not a big fan of it because it's taken people 2030 years. Accumulate $100,000 in the four Oh one K and a snap of a finger. Magan. My goodness. People can just take all that money out. And then what happens to retirement? They may not be able to retire, so I really caution people on that. But if it's a necessity, Hey, you know it is an option again. We review all the options and again if you have an interest Give us a call 844423 46 100 to schedule a call with me or someone on my team or scheduled one on one meeting. We're happy to help in that number's 844423. 46 100. Today is the day to call. Now is the time to take action. We see that analysis paralysis. You thinking about it. You're looking at it. You're constantly wondering And it can really sometimes just paralyze you. It's time to take action. And that phone call is a great first step. So called today 844423 46 100. If you want to download Mike's Free guide, it's that 10 Step Layoff Survival Guide..

"844423 46 100" Discussed on WTVN

WTVN

02:06 min | 6 months ago

"844423 46 100" Discussed on WTVN

"Me retire. Successfully call today 844423 46 100. We're back with Mike Martin is right after this when it comes to your retirement. Your money matters. Call the pension group to get a second opinion on your retirement plan. 844423 46 100. That's a 44423 46 100. Attention Always you employees, did you? No changes will be occurring with your four or three B and 4 57 plans. New options may be available to you at the beginning of the year. Some answers like nationwide are no longer available. Do you know how these changes could impact you and your retirement? Hi. I'm Mike Martin as president of founder of the pension group. Just don't settle for a target Date fund. Learn how the pension group can help you actively manage your retirement account at Oh issue with brokerage link. We're more than two decades. We've helped thousands of individuals in Ohio man's therefore or three B and pension options with our trusted approach. Our team can get you through on the right track for retirement while giving you more options with our institutional team from Black Rock, Pacific Meter and Fidelity, Take control of your retirement today to learn Mork all 61466 to 4600. At 61466 to 4600 or visit the pension group dot com Investment advisory services offered through the bench in group Glad to have you with us right here on the program. This is your money matters. I'm Meghan, Mo Zach, joined by Mike Martin is he is the founder and president of the pension group serving central Ohio. Whether you have a pension Or a one k or you just need some help. Understanding what your retirement options are. You can reach out to Mike and the team. He can help you make sense of your retirement future call today. 844423 46 100 Great website as well. If you haven't visited, Make sure you go to the pension group dot com. That's the pension group dot com. A lot of great resource is there for you..

"844423 46 100" Discussed on WTVN

WTVN

06:34 min | 6 months ago

"844423 46 100" Discussed on WTVN

"Call 844423 46 100. For more information again. That's 844423 46 100. So, Mike you're saying be proactive kick off the new year by Doing something that your future self will Thank you for. And you say the first thing you could do is take a look at your tax strategy for retirement. What goes into that? Well, I mean, it's really looking at your tax return, and that's one of the things we're doing with a lot of prospects. Clients is, you know people are bringing their tax return. We're uploading that in our software, you know for a second meeting, you know, the first thing is really designed to get to know people their situation, their expenses. You know, you know they're putting everything pretax. They're doing anything after tax If they're within an employer, you know, some employers will allow for employees to put money into their 401 k on Roth. You know, from that standpoint, so You know, the bottom line of it is you have that ability. Um to, uh, determine where you want to put your money. You wanted the money. Pretax? You wanna put it after tax But again, we have some employers still today that do not put money. Into they will not let you put it into a Roth inside your For one case, so knowing your options that work is important, but also understanding how the taxes are. You know, what can we do? Can we put more towards our retirement plans for maxing out? What are some other options? We can do that maybe more tax favorable on again. That's really what our tax software will go through to help people better understand their options. Tell me more about this software and what that tells you when someone comes in to get that analysis done, what they walk away with what kind of knowledge Well, they have a clear understanding is to you know what's happening with taxes. Though, understand that there's other ways to reduce taxes through like donor advised funds. If you're terribly inclined when we talked a little bit earlier, you know what can we do from a Roth conversion without going to the next tax brackets? It really helps crystallize it. When people see the analysis, the report, it helps put things together and You know if we're doing you know if you have not qualified money's, you know, quick example. I sat down with someone here recently working with another adviser from another firm. You know, they have 2 300,000 sitting in a non qualified account of brokerage account, and I said, Well, you could be doing tax harvesting. We can sell some of the gains offset some of the losses and zero out your taxes. I said, Why hasn't your advisor Talk to you about that. And they didn't have her. They didn't have an answer. It was almost like they never heard about tax harvesting, You know, so things like that is important. You know, If you have non qualified monies, we can use private wealth management. More important, or institutional team will actively managed that portfolio. And that's what we're seeing with a lot of high net worth clients over a million dollars. They want that that private wealth management well with one of our institutional teams were able have about $250,000 is the minimum. Now we we've reduced that limit for private wealth management it again. Another special thing that we can do is you know on the non qualified side is we can reduce taxes through tax harvesting looking at strategies. Um, you know, from that standpoint, so it's not just about looking at the tax return is also looking at what we can go do going forward with the planing. Let it be a Roth conversion, wealth management or looking at some of those charitable donor advised funds want to talk about the process. You take people through Mike, because, as I mentioned, it is highly comprehensive. You're not You're not leaving anything on turned right? No stone unturned. You're really covering all of the big issues. Tell me what those issues are. When you sit down with the family, I think the biggest concern the number one question is Do I have enough to retire? We always get that question. Or, you know, I guess follow up. Question is How do I look compared to my co workers, which really doesn't matter, But, you know, I think the biggest thing is do I have enough to retire? And thirdly, I think you know. Well, I run out of money, You know? Can I retire? I think that's really the crux of the one question. I have enough money because they're concerned about, you know, do I have enough? Because I don't want to run out of money in retirement, So we really take a comprehensive approach. We really first meetings designed to get to know them that their situation their expenses a little bit about your family. You know, I mean, kids. Do you have any grandkids and I'm getting ready any day now to have my first granddaughter, So I'm excited about that. And, uh, even though my first it's certainly gonna be new to me having a granddaughter since I had three boys grown up, you know, having a girl's gonna be a little different, but all my clothes. Let's continue to tell Mae it's It's one of the best things out there. You'll you'll never regret it, and I'm sure I'll spoil her and do whatever. But it is. It's you know, a ZAY tell people when people were working extra easy company, whatever the corporation is, you know we do a lot with a lot of different employers. You know, when people retire with your part of our family, we were. Obviously we're small business firm out there about seven people on staff. We're here to really help people navigate the waters when it comes to the retirement and one of my clients. Don, we call him his nicknames? Grape ape? I don't know why that's his nickname, but you know he's been Listen. My radio show for years. Magen, listen to us for years, and, you know, he finally retired from Anheuser Busch. And you know one of the things he just might be The reason you know he goes. You know, I've been listening to you week in week out And you're the guy I want to retire with. Did you know this stuff inside Now, when it comes to my pension, my fora One cave remains in that forum. Um, you know, I just very humble gentleman and Very laid back. But you know, it's you know, we have a meaningful impact. I know we're helping a lot of people. Even though you may not come in it. Maybe another year or two. Then you decide. Hey, you pick up that phone and you give us a call It 844423 46 100. You finally decide to make that call just like Don. Did you know you've been listening for 23 years and he finally ended up retiring. He's referring people to us, You know from the plants, and we're appreciative of him and the You know the introductions that he could make that again? Don't delay. I know it's a new year. You know, we've we've put together our our fitness goals or our new year's resolutions. What about putting a financial plan in order? Don't procrastinate because again, that clock's ticking. We can certainly help you out on these taxes asses to where they sit right now, before Biden gets in, and obviously I don't think it changes gonna happen for probably at least a year. We can start helping you out Plan. You know how we can Maybe do some Roth conversions How we can get a 0% tax rate from those conversions. These are the things that we need to do now, in order to help you s O Get if you have an interest, give her office quality 44423 46 100. We can visit us at the pension group dot com called.

Mike Don Roth Anheuser Busch advisor Biden Mae Magen
"844423 46 100" Discussed on WTVN

WTVN

01:39 min | 7 months ago

"844423 46 100" Discussed on WTVN

"If you're in that situation, you're six months a year, maybe even two years we could get into how we can structure things to prepare you for retirement again. If you're six months a year, even two years away from retirement, that's okay. Now's the time to start planning. When it comes to your retirement again Got questions? Wanna schedule complement one on consultation with me or someone on my team? 844423 46 100. Or you can visit the pension group dot com When it comes to your retirement, your money matters. Call the pension group to get a second opinion on your retirement plan. 844423 46 100. That's 844423 46 100. Your money matters with Mike Martinez is a paid advertising product of the pension group Investment advisory Services offered through the pension group. Neither Michael Martin has nor the pension group have any affiliation with any company and door Patel Patel Memorial Institute, Honda Motor Company or its affiliates. January is Vaping 2020. General. We stopped him passenger Jack down by an Iranian missile. Pelosi articles Judgment. Houston Astros stole pitching signs the story trade deal between the United States and China which is the U. S. M C, a deadly coronavirus here in the United States holding a 2021 this impeachment is over. Happens here. Use radio 6 10 double U TDN. Navy Federal, This is Michelle. How my sister today, Michelle. We haven't talked since I got the Navy Federal app with personalized notifications. I always know what's happening in my count. See, my paycheck just.

"844423 46 100" Discussed on WTVN

WTVN

05:45 min | 9 months ago

"844423 46 100" Discussed on WTVN

"You're on the program today with everything that's going on. I know a lot of you listening today probably have some questions about the market about how your portfolio is doing about your retirement future. So today you'll hear a lot about Mike about his retirement roadmap kit. How it could help you get some answers, and we probably will answer some of your questions on the show today, but I want you to know you can always reach out to Mike 844423 46 100 is the number to call here Is that number again? A 44423 46 100 or you confined Mike at the website go to the pension group dot com. I'll tell you what Mike, if this year 2020. If it's taught us anything, it's that income is critical. And we know there are all sorts of ways to make money and earn a living when you're working, right, But when you retired, the choices really become different. So I want to talk on the show today with you about What we should know about creating income in retirement, Mike what It is some of the things that you believe we have to have as we prepare to retire. I mean, one of the things I tell people they have to have a game plan. You know, when it comes to really retirement income is really three keys. You know. Income plans should really have a combination of several different things. You know, some guaranteed income, some potential growth and flexibility. There's no one size cookie cutter type of approach that really tell people But, you know, having a combination of those three are important. Let's talk about the first, you know, guaranteed income. I think that's one of the biggest things facing people as they retire, You know. Do I have enough to retire? Uh, you know, maybe they have a pension. Or maybe they don't have a pension from a nem ploy. Er, and there are ways of structure guaranteed income that could be Social Security as a foundation for many people, but again What are what are some other things, pensions or another way of as far as a guaranteed source. But again, we're starting to see a lot of companies offer this opportunity to do a lump sum. A lot of companies were doing these buyouts. We're seeing a lot throughout central high. Oh, really, throughout all all throughout the country, so the bottom line of it is those are two sources. We could look at fixed annuities on those air issued by insurance companies. You know, basically put your premium and you have a certain amount that's going to be, you know, set aside to provide a guaranteed income, or you could also look at it. Annuity guarantees, you know, really protections are backed by the financial strength that claims paying Billy of the insurer. S so that's really what we talk about. As far as you know, Guaranteed income, you know, you got Social security again. You have pensions. But a lot of people don't trust a lot of companies today, so they're going on a lot of lump sum rollovers. So that's where Other annuities can come into play. Where is their fixed? Or maybe a fixed indexed annuity that has ability provided guaranteed source of income? Later on down the road, or even, you know, right out the gate. It really depends on what is the person's looking for overall. But you know, that's the first area that really stressed and talk about people is what type of guaranteed income do we have? We always know people are gonna have so security they may or may not have a pension. Maybe they have a large 41. Can they want to protect some of that? You know the people that are At ease today. You know, through this whole pandemic. We're the ones that you know, had guaranteed income coming in. They knew that regards it would end up happening They didn't have to worry about. You know the evaluation of their annuities or You know that? You know that their accounts we're going to be affected. The second area we discuss is, you know, growth potential, You know, Basically, this is, you know, dealing with different investments. Overall, this could be something that's invest in the stock market Stocks, bonds, We do a lot of manage money with, you know, with our clients really, to help keep up with inflation. Or you could say you know what? I want to have a growth strategy, but I want maybe you want to be a little more conservative. These are some of the things that we take a look from a long term growth potential. And then the flexibility, you know, obviously. You know, we know that when we put together an income playing today doesn't mean that's gonna be the same income plan. 35 10 years from now we're gonna need to be all tweaked things. Things come up, but we always have curveballs happening over on our life in the bottom line of it is we need to make adjustments. You know, some people need to maybe withdraw money from their investment portfolio. You know, that gives them flexibility. I know I've had clients throughout the years where You know, maybe that for the next quarter, they needed more money or hey, I'm doing real good. Maybe we need to take a last, maybe $500,000 less on a monthly basis. Or we could look at annuities that provide guaranteed lifetime income. But you know what? Maybe without as much flexibility but again provides that guaranteed source of income. So really depends. Meghan. What is that people are looking for, But really those are the three keys when it comes to retirement income plans. That's so key as we talk about this, you know, I know that people get overwhelmed when they think about how to replace a paycheck. Right? And that's really what you're doing. You step away from the workforce, Mike, and now you go. Okay. My paycheck every two weeks or every month is now up to me. So the good news in all of this Mike is that we do have In the 21st century, some really great smart financial tools that we can put to work for us. Let's talk about those that are really reliable and others that you think are a great supplement to create that overall retirement income plan. What should people be thinking about right now? Well, really, I look at this five different ways to generate more retirement income. Uh, you know, certainly, When we look at investing, there's a lot of different options when it comes to income for retirement. You know one that's right for you. It really depends on you know, Are you trying to be more aggressive, More conservative with your overall planning strategy really have to look at these. But When we come out when we take a look at income planning, we take a look at stocks. You know that pay dividends, you know, bonds that pay interest. You know, we so income investing..

Mike 844423 nem Billy Meghan
"844423 46 100" Discussed on WTVN

WTVN

03:34 min | 9 months ago

"844423 46 100" Discussed on WTVN

"The pension group to get a second opinion on your retirement plan. 844423 46 100. That's a 44423 46 100 back with Mike Martinez. He's the founder and president of the pension group. Glad you're with us today. Here on your money matters a lot to talk about, especially for people who have pensions. Mike, Break it down for us What's going on right now? So, Yeah, There's a lot of changes happen into pensions. And I really tell people here you know that I'm getting ready to retire in this fall. Don't do this alone. You know, there's a lot of people that say I'm just going to retire in November and retire my birthday on 55 years of age. You may wanna wait Now, why would you wanna wait Well, depending on your plan depend on the corporation. There's changes in these segmented interest rates. And what that simply means is that they've decreased and I've been doing this for 23 years, folks. And I have not seen the rates ever this low ever in 23 years, and the bottom line of it is with interest rates being solo. These segmented interest rates is gonna actually increase your lump sum pension. I anticipate Either here year end or depending on the corporation could be for 161. Whatever the case might be, depending on the corporation worked for we're going to see a huge increase in lump sum pensions. I'm talking anywhere from $8,220,000 more for the average worker and executive could see anywhere from 102 $100,000 Mohr. And so there's a lot of corporations out there that are offering What they call this voluntary retirement offer. We're starting to see that with a lot of corporations out there on you may missed out because maybe you weren't 55 years of age And I'm gonna tell you right now is you're probably going to make more than what the people that took the voluntary retirement offer. So but don't be discouraged. But the learned Mohr on how we can help you. Better understand your options. Okay already? No. We have six up to maybe 10 people already that we're retiring in April. You know, Now it's October and we're going to retire them all the way April 1st so they can get this increase. This is why people come to us at the pension group again. You don't want to do this on your own. You don't want to get in a situation where you're just saying I'm a retired, We called the company would do this on my own. You don't want to do that. Because how would you like to make that extra 821 102 $100,000 more your lump sum tension. This is real money, folks, and you don't want to go it alone. We've seen people try to do this on their own, and I've had situations where we've had to correct things where you know people do this on their own and cost him over $200,000 in taxes because they have the money paid directly to them. We want to always have this money paid to an institution, so it's a tax free roll over into an IRA. If the lump sum route is this is the route that you choose to go. So the bottom line of it is people need to have a better understanding as to what's going on. And by all means. If you're retiring this fall, pick up the phone now give us a call here at the pension group 844423 46 100. Is I don't want you to miss out on the changes in these rates and how it can have a dramatic impact. You know, to get that extra $800,000. It means a lot to a lot of my clients. And you know, my client actually thanked me, Mike, I really appreciate everything that you do for us. You really help us better understand? We just had some clients that are events last week like Mike, you've helped put me at ease. By going through some of these things with the election. Some of these other things that are going on you really put me at ease. Now. I feel confident that based off my numbers on what you put together for us, we can retire confidently. 844423 46 100 the number of the pension group. If you'd like to be in touch with Mike Martin as the great team there, maybe you've got some pension or for one k decisions. Maybe you're wondering.

Mike Martin founder and president Mohr executive
"844423 46 100" Discussed on WTVN

WTVN

02:40 min | 1 year ago

"844423 46 100" Discussed on WTVN

"Pension group to get a second opinion on your retirement plan 844423 46 100 That's a 44423 46 100. So glad to be with Mike Marchioness of the pension group today. This is your money matters. We're glad you tuned in. You need help with the retirement plan. You're not alone. Lot of people thinking about retirement right now, especially with all that's going on in the world and and thinking about number one. Can I retire Number two? How can I retire in this type of an environment and if I'm faced with a layoff buyout? How do I navigate that? Well, you know, I know that outliving your savings. That's one of the big money challenges their concerns that people have. There's a couple more that I know you hear time and time again. Let's talk about those. Well, I mean, the 2nd 1 that I continue here is about Social Security. Security is a big one. For a lot of people, you know. So security. We get that all our seminar, especially someone in their forties fifties was even so security going T. There's going to be there. They may modified it, You know, you know who knows who's gonna be president here in the fall, but the bottom line of it is You know, if changes happen is so secure. They could change that 62 to 63 or 64 to 66. You know if they don't we have We have roughly 80% of Americans take so security at 62. 53% take it because they have to Meghan at 62 because they really have less than $1000 saved up. So that's their only that's your only form of income in Seoul security for Ah, 53% of Americans out there in the other 30% has to take because they're in poor health. Declining health. You know, I want to get something rather than get nothing. You know from that perspective, so that's the mindset that we hear from a lot of people and we will go a lot of different people from automotive to Telecom to insurance finance banking, You know, hospitals were a lot of different people across the board. That's one of the consistent themes that we get a cz. You know, it's all security going to be there for me. House is going to affect me in retirement. Should I take it at 62 versus you know, 66 or 67 again, That's something we sit down with everyone and we go through as to what the options are for you, you know, for those years and social Security so again, give us a call 844423 4600 again. That number's 844423 46 100 Mike. It's refreshing to know that there are people like you out there who are so focused on retirement planning because this is really a specialty. Not every financial advisor focuses on this, and it's not a.

Mike Marchioness Seoul House advisor president Meghan
"844423 46 100" Discussed on WTVN

WTVN

04:49 min | 1 year ago

"844423 46 100" Discussed on WTVN

"844423 46 100 And boy, is that kid? A great resource. If you're wondering about how ready you actually are for retirement, maybe you know in your mind you want to retire. You are ready to retire. But are you actually financially ready? Do you have everything in order? Mike's kit is the first step and binding out. So be sure to reach out for that today. Now I do know that One of the questions you get all the time. Micah's We talked about income and retirement is have I saved enough to retire, Boy. How many times a week? Do you get that question all the time. If I had a nickel for every time I've heard that one, you know, or or the other one I get is how do I compare it with my co workers? You know, that's all all going to be different, you know, but you know, when it really comes down to it, everyone's going to be different. You know how much have they saved in there for a while, Okay if they have a pension You know, obviously, if they've been through a divorce, like, you know, maybe have a Quadros. Things are going to change the numbers. Everyone's going to be different when it comes to their numbers. But the bottom line is we're really here to help people have a better understanding. Start preparing now just met with people this past week. You know, some of them in their early fifties, getting ready for retirement. There's still 3 to 5 years out, but that's the time we really want to start doing and I've got people 10 15 years out. It's okay. You know if you're one of our listeners out there that says, I don't know if I'm really ready looking at retirement, but now the things you Khun D'oh. They make a tremendous impact. You know on your retirement and let's talk about a couple things. You know when we talk about the economy, What's everything that's going on? Right now? We talk about taxes. You know what? Your thoughts Meghan? Do You feel taxes going to remain lower? You think tax has gotta go up. What's your thoughts? I think this is a no brainer. This's an easy question. I think I just read somewhere Mike that tax rates are lower than they've ever been in my right. Well, they are. But with all the stimulus and not billions, but trains and trains of dollars, we just added to the national debt not too long ago. I think it's got to go up, right? I think we're all on that notion that and you know, it's like kicking the can down the road was so security eventually got to catch up with us, right? Well, eventually we're at the lowest interest rates possible. So what can you do today? To maybe, you know, your 3 to 5 years at war. You know, Obviously, we still have trump a czar president and you know, the bottom line of it is Trump's tax cuts don't get repealed until 2026 on both him being being there as president's. Obviously it's not going to be changes to the tax code that can foresee. But the bottom line of it is what can investors do today to maybe help them now? One of things I always mentioned a lot of seminars I do or my webinars is who wants to get tax free income at retirement. Don't ask that question at venues that I do all throughout central high or throughout the country. I'll get people raising her hand all the time. I want tax free income. I want tax free income, but you gotta do well. That's really the Roth You know, you could start putting Roth conversion may or may not make sense right now, but a lot of 401 K planes. After that I work with you can actually put money into a Roth or aftertax inside your own for a one K And the bottom line of it is this money continues to grow Now you don't get the deduction. I get that. But again, all the money grows, including the earnings When you retire, all that money comes out his tax free income. It's not taxes, Ordinary income. Like most fora one K plans. Okay. And when I sit down with a lot of people I take, you know, 5 to 10 minutes to go through this strategy and said, You know, people just like you said, you know, Mike, how's my numbers? Look, you know, I said earlier, if I had a nickel for every time I heard that well, this is the same thing my sit down and talk to people. That no one's ever taken the time to explain this to me. Why? When I put everything in the Roth well, the catch is you don't get a deduction, okay? But the bottom line of it is if you can start putting more money into the Roth more money in the RAF have that earnings The next 10 15 20 years now suddenly built a stockpile of money for later on down the retirement than when you decide to retire. That money now is tax free Income boy, Does that make a difference? And again? Some people are going to start looking at because, you know, obviously the market was down a few months ago doesn't make sense to, you know, Take a look at Ross as faras conversions from our irate as faras to a Roth conversion. You know, Some of those things are important for people. This is a way to reduce his taxes. Maybe in the future, especially of port follows air down and or you're looking to pass assets on more favorably to your Children. So those are some things that will look at. When it comes to someone's overall tax situation. Does it make sense to do a Roth or 3 to 5 10 years out with retirement? Let's maybe instead of put everything pretext. Let's start looking at the Roth as a way to start putting money aside, so that later on down the road. We're not taxes much, or with that, Roth. We don't pay any taxes on the gross. So those are some of the things that we sit down and go through to help.

Mike Roth Trump president Micah Quadros Meghan Ross
"844423 46 100" Discussed on WTVN

WTVN

01:36 min | 1 year ago

"844423 46 100" Discussed on WTVN

"And our approach helping people with their retirement needs the number of the pension group 844423 46 100 called Mike Today If you have questions about your pension, your 401 k or your retirement. You're listening to Your money matters right after this economic downturn is affecting every area of our country here in Ohio, That could mean some companies will offer buyouts doesn't buy out right for you. Hi. I'm like Martin as president, founder of the pension group. Potential buyouts cause uncertainty at the pension group. We understand your desire to safeguard your retirement benefits. For more than two decades. We've helped thousands of individuals managed their pension options and the world one case we'll listen to your Urns and review your situation to help determine if a buyout makes sense for you and your retirement. You owe it to yourself to be informed. Learn more about how potential buyout could affect your pension options. Give us a call today for a complimentary phone meeting 61466 to 61466 to 4600. That's 614662 4600 or visit the pension group dot com Investment advisory services offered through the pension group. When it comes to your retirement. Your money matters. Call the pension group to get a second opinion on your retirement plan 844423 46 100 That's a 44423 46 100 here with Mike Martin as founder, president of the pension grew.

"844423 46 100" Discussed on WTVN

WTVN

06:36 min | 1 year ago

"844423 46 100" Discussed on WTVN

"844423 46 100 That's a 44423 46 100 here with Mike Martin as founder, president of the pension grew by Meghan Mosaic, and we're really glad that you tuned in today. Taking a look at the current state of the economy. And Mike It's hard to get a handle on it right because things seem to be changing so quickly. The one constant though, and I don't know if you've you've keyed in on this. I'm sure you have The market volatility that seems to be the constant the ups and downs. We just don't know what's around every corner. So how do you get out in front of something like that when you can't rely on any stability, and I suppose Wall Street's never been very stable. But if you're nearing retirement, you want to feel like you can control something. What are you telling people who feel a little bit out of control right now? One of the things we do with our portfolios. We have risked pro and it's and it's kind of the best way explained. I used the analogy all time and you know all my kids are older. Now they're in their twenties. But I remember when my kids were young. We used to go bowling. You know, my kids really weren't good bowlers, And so we put up that we put up those guardrails. Remember those at the bowling alley Megane put up those guardrails. And so you couldn't throw gutter. Remember that I still use those still using you don't you? Don't tell anyone. I forgot. We're on Erica. I guess everyone knows. But anyway, you know, with our institutional managers they use risk pro. It's a lot of software analytics that go behind it. And really what thes. Different portfolios of your modern conservative supposed to ST stay in a risk parameters, someone that's ultra aggressive. They're willing to lose more. But again, we have those guardrails. And even through this pandemic guess what a risk pro portfolios have stood up to the test of time, and people haven't lost a CZ much. When it when it came to this pandemic, you know, certainly this pandemic is tested the models, But the important thing is, people are recovering there getting back closer and closer to even from that standpoint, so again, it's understanding someone's risk. Is the most important thing, and you wouldn't believe how many people I sit down with. We'll take a look at their 401 K will go through a 10 questions with them to understand the restaurants and all of a sudden everything's out of whack, or it's inconsistent with their current risk profile, meaning that there are way too aggressive and then he'd be more conservative in the way I really tell people you know, and stay using percentages. If you were down 15%. How would you feel Sally Adriana, I really kind of qualified a Let's say you have. Ah, you know, $300,000 port follow and your aggressive, Okay, You're maybe modern, aggressive, 70% equity, 30% bonds, and you lost 1/3 or you lost $100,000. What would you do if you had 300 lost 100,000? You're down to 200,000 year, two years away from retirement. What would that do to your retirement? Better yet, would you have to work longer? These are all the good questions. I sit down and go through the people I know are listeners out there can relate and say, Oh, my gosh, I never thought of it that way. I'm too three years, five years from retirement. This market continues to drop. And again, we got something happening here in the fall called an election. You know what happens in election doesn't work out. Where's the Wall Street? Once at the half of what could happen, the market could drop even more. So again. We're trying to be cautious with our clients again. We're not telling people get equities altogether, but be maybe more cautious. So that regards what ends up happening. You have a game plan in place and again. This is now a good opportunity with the market being down. Maybe start doing Roth conversions. We're starting to talk with clients about doing Roth conversions, Weicker's portfolios are down and again If we look at current taxes and things along those lines were at historically low tax rates right now. And I don't know what you think about the economy. 4567 Troy and we just issued and maybe more coming. What's going to happen happen? Taxes in the years ahead. Probably tax is going to go up. I think we can all make that assessment taxes will probably have to go up. So let's take a look. Take a look at the current tax law and take advantage of that today. Rather wait till 2026 when Trump's tax laws are get repealed, and we're we're at even higher tax brackets. And who knows what happens with the election here in the fall? But the bottom line of it is there's things we can do today to improve your situation and again. If you have an interest, or you want to schedule of 30 minutes phone consultation or a 30 minute one on one with me or someone on my staff, feel free to give us a call at the office 844423 46 100 again That number's eight for for for 23 46 100. Sit down with someone like myself or someone on my staff to go through your scenario and help you prepare for what's ahead. And it's got to be probably a breath of fresh air for a lot of people. My neighbor included. And if you're listening today, hello, but you know, just to know that they're there is light at the end of the tunnel that even though it seems like a dark day An uncertain time a proper plan. And if you've done your work on your end as a CZ the investor as the saver if you've done a good job of that over the years That there is hope for retirement. If you're working with someone who knows how to put that comprehensive plan together and Mike, I want to talk about how your meeting with people right now, especially at the pension group in these uncertain times, because we all have different comfort levels right with social distancing, wearing a mask, not wearing a mask meeting with people are talking with him on the phone. What options are you giving to our listeners right now who do want to connect with you? Well, I mean, certainly we can do is a zoom call, but there's more and more people that are coming in office. I've been doing a lot of meetings face to face, but we spread people out, so there's not people waiting in the lobby. Ah, you know, we might have in our meeting and you know, we might have 1/2 an hour just a little extra time. So people aren't conversing. We have staff that majorities working remotely might have one staff member and help out to greet people. Get him something. Drink something along those lines, but the most part of majority my staff still working remote from home, But I'm sitting down to meet with individual because people need to make decisions that you know. And you know, people have 2 55 $100 million. They want to know who they're working with. And You know how we can really help them and guide them through the streets. You know, it's a difficult process. This is retirement process. You know, this is gonna go get it right The first time. I always tell people you have one opportunity to write the first time. Did you mean it? You may never get a second chance, and that's in my book. Retire financially free. On again. These are these are the important things that we really stressed the people again. People need to be prepared. Maybe they weren't eligible for the 1st 1 But maybe if a 2nd 1 would occur. You know, people need to be able to react. That's why we tell people we stress at our events when we used to do seminars live if you have questions when it comes to your 401 k. Maybe that's your only nest egg. Or if you have that pension and you're getting an offer, you know from that standpoint. Certainly you can give us a call here at the pension group again complimented consultation for those that calling from our show..

Mike It bowling Mike Martin Meghan Mosaic Sally Adriana Erica Troy founder Mike Trump Weicker president