17 Burst results for "Mike Canete"
WCBM 680 AM
"mike canete" Discussed on WCBM 680 AM
"Trash means mounting anger in New Orleans. Garbage and debris are piling up along many New Orleans streets almost three weeks after Hurricane Ida pounded southeast Louisiana. As residents react with increasing anger. Several residents told the City Council committee they haven't had their garbage collected since days before the storm hit. On August 29. Mary LaToya Cattrall's administration says much of the problem arises from labor shortages that have plagued the city for months, Exasperated by the Covid 19 pandemic and then the storm. Patrick Frost reporting the national average for a gallon of regular gas, increasing two cents this week. $3.19 a gallon. Tripoli says much of the rise due to the impact from hurricanes Ida and Nicholas on oil and refinery production. Approximately 30% of crude production in the Gulf of Mexico remains shuttered around the country. Highest price in California. 4 39 a gallon more stories at town hall dot com. Talk radio 6 80 WCBS pressure. Hold on for one more day under mostly clear sky Low Drop download sixties lots. Sunshine on Monday High round 80 degrees. Mostly cloudy low eighties on Tuesday, chance for shower to rain. A better bet on Wednesday with showers and storms are highs in the low eighties. I'm Todd Boren, the widow shell for talk radio since 80 Wcbm. The wcbm studios are sponsored by Safe Retirement Solutions. Call Rob Borowy for 10266. In 20 save for retirement solutions dot com. You've worked all your life and get a paycheck every two weeks. But now you're thinking about retiring and wondering, how is that going to work? Mike Canete, Ryan Herbert and the team at Pro Status Financial Advisors Group can show you by creating a custom retirement plan and show you how to create a guaranteed income stream for retirement, just like you were working. These are uncertain times. So imagine if you could retire comfortably and not have to worry.
WCBM 680 AM
"mike canete" Discussed on WCBM 680 AM
"Also? Rebalancing your portfolio to bring that dead money back to life and get it working for you. We're also going to hear from Fred Taylor. He is a former Jaguars football player who lost a whole lot of money. And Mike and Ryan's job today is to help you not do that, but to help you grow, keep and distribute your wealth in the most tax efficient manner Possible. Mike Canete, Ryan Herbert, How are you guys Welcome. You know we're doing wonderfully and that is a rather large amount of money for him to lose millions millions of dollars, and we're going to talk about that and hear his story here in a little bit, But you know what we really want to focus on right now is taxes because now is the time. Really to be doing that tax planning, you know, income is such a big thing for people, and we understand that we're going to talk about that. But taxes that seems to be the hot button now for a lot of people, and they called the sweet spot in retirement. And that's during, you know, after you retire, and before you have to start taking your rmds You have more flexibility to control your retirement taxes. But Michael think he is a professor at the American College of Finance Services, he tells Yahoo finance this. The important thing to remember is the right approach to pulling money out of your investments is to leave the most tax efficient investments alone till the very end. So something like a Roth type of investment or even money that's sitting in investments within a taxable account that has significant significant capital gains. Those are the ones You want to touch last? And you want to think about opportunities to take some of your 41 k assets early as income when you're in a lower marginal tax bracket before those R and B star King again, Mike, Can I see you there? You're just ready to get in here on this conversation. Do you agree with Michael? And you know what's the best way to take start taking that money out now? So I gotta tell you, I mean, I hate to say that I grew some kind of, but not really. I mean, right the but the problem is, it sounds like there's a singular approach to take right and the real Polity is that unfortunately, most of the Software out there that we see nowadays, when people are bringing us these plans that other advisers have put together and you know, we're just kind of comparing apples to apples and theory. Most plans do exactly the opposite of what Mike says you're supposed to do right. So most plans use all the most tax efficient money. First client. See, you know, we're looking at these plans that have been presented to them. And they see that in the 1st 3456 years, paying no taxes and to Michael's point It's silly to these tax rates to pay zero taxes were the lowest tax rates we've ever seen in our lifetime. So from my perspective, you absolutely like, Michael said. Want to be taking advantage of the tax codes we have in place today? Because we are at a lower tax bracket. Then we probably will be in the future. Certainly 2026. We know taxes are going to go up. That's just the way the tax laws work. There's a sunset provision in the trump tax cuts, they go back up in 2026. Now, if you are a true believer that Trump is going to get re elected and Extend out the tax cuts and they're never going to go back up. Or if you think that Biden is going to get reelected, or whoever the next president is. If you think these tax cuts are going to continue into the future, then paying taxes today still makes sense. If you think tax rates are going to go down from where they are today, right because George Bush 7.5 trillion in his eight years, Obama 8.5 trillion in his eight years Trump 6.5 trillion In his four years I have all the confidence in the world that binds going to put another 5 to 10 trillion on the deficit during his four or eight years. Whatever it happens to be, I had equal confidence that both sides of the aisle are bad. Stewart's with our money, and to me, that means taxes are going to go up. So what all Ryan and I do? 100% of our practice is all focused on It does not make sense to me 20 to 30% right off the top when you're going into retirement, and that's why we have this special invitation for the next five callers that have said at least $500,000 or more for retirement, because that's truly where the tax efficiency of these plans. Is really shown I encourage you to give us a call 866597 10 48 66597 10 40 sit down with micro myself personally and well, put together your own. Complementary retirement income tax analysis 866597 10 48 66597 10 40 House to hold the radio college just every day he had come into the office and it was amazing. He had this huge plan is advisor told him do not convert into Roth areas. It doesn't make sense to convert to a Roth IRAs. You're gonna have all this money left over doesn't make sense to pay taxes. Don't do it. Don't do it. Don't do it. We keep doing lower tax bracket today, your arm. These aren't going to be that bad. Don't pay the tax bill and and right and I sat down with him and we took a look at it was said, you know what 100% disagree. And here's why, if you pay taxes the way your other advisor told you to pay taxes right? He used some software. The way he told you to pay taxes. It is true that around 85 years old, your tax rates will go back up again. So from the age you are now from 70 to 85. It probably doesn't make sense. But from 85 on, it's a great idea. So, yes, we are planning an age game. We're playing a numbers game, their life expectancy game there. But you've already told us up front. That is very important. Part of your planning process is the legacy plan. So when we ran the numbers if we did the tax planning that Ryan and I suggested we were saving him in his Children and his grandchildren because we did a plan that incorporated three generations of tax planning, right? We gave him tax free money for his lifetime. We gave us kids tax free money for their lifetime. And then we gave his grandchildren tax free money for their lifetimes. I mean, we're talking about three generations of tax free money just between him and his Children, not his grandchildren, but between him and his grandchildren. We were able to save them $2.78 million in taxes. And that's assuming tax rates. Don't do anything that what we already know they're going to do 2026 we go up. We know that we know it's 72. He has to start his rmds. We know that look all things being equal if he spends all his after tax dollars now, and he's always Roth IRAs. Now by the time he gets to be 85, it was a good decision to do that..
WCBM 680 AM
"mike canete" Discussed on WCBM 680 AM
"There were about 500,000 millionaires in the U. S. Today. There are over 18.6 million. There are millions of millionaires. The point is this If you've saved a million dollars for retirement congratulations, But even if you haven't That's your fortune. Whether you carry that label of middle class millionaire or not, Mike Canete and Ryan Herbert of Pro Status Financial can show you how to take those hard earned dollars and create years of retirement happiness. When you do the math on your retirement, it's more about the number you get paid per month than the amount you saved all my Canete and Ryan Herbert Pro status Financial for your complimentary evaluation, call 866597 10 40, or online at pro status. Financial dot com Want to retire like a millionaire called Pro Status Financial today. If you're concerned how taxes will impact you now and in retirement, it's important to work with qualified professionals who understand the big picture and can work on all areas of your finances from investments to taxes to a state planning. Mike Canete and Ryan Herbert at pro Status Financial Advisors group can do it all in the most tax efficient manner legally possible if you're serious interstate $500,000 or more for retirement call for a complete retirement plan. 866597 10 48 66597 10 40 on your computer at pro status. Financial dot com. Nothing is certain but death and taxes until now. A new book by Michael Next book is were.
News 96.5 WDBO
"mike canete" Discussed on News 96.5 WDBO
"Also talk about rolling over those forgotten for one kid counts and putting that money to work. Mike Canete and Ryan Herbert are here to help you grow. Keeping distributor wealth in the most tax efficient manner possible. Ryan Herbert, How are you? Great to see you this weekend. I'm doing wonderful. It's nice weather outside. We are At the anniversary, the 20 year anniversary of 9 11, So you know, we're always trying to remember and And never forget, But we gotta have a plan for the future. And that's interesting because as Americans You know, today is a tough one man. Uh, it's 20 years and we we reflect will never forget, But like you said, we always have to be looking Forward, and the premise of the show is to help you prepare for retirement, you know, and and and that's what we're going to focus on. Even today. I think that the unique thing about what today is is that this is probably One of the few times where you can think back 20 years ago and know exactly where you were what you were doing. At this time, and I think that's fairly unique in that aspect, because there's not many other times where I can say 20 years ago on the state I was doing X and you know you want to, You know you want to remember that? But you want to have a plan for the future, So that way retirement can be memorable for you. And you think back. It was 20 years ago and where we can be in retirement. For 20 years for 30 years, Uh, and that's a long time and can people conceptualize before building a plan with you guys at the savvy investor radio and a pro status Financial advisors group. Can they can they comprehend what that's going to look like that that that time span 20 to 30 years in retirement is a long time. No, I don't. I don't think many people do you know when listeners come in from the radio show, you know, they give us a call, and we set up a time for us to sit down and talk about their situation. Or or people come to the workshops of the seminars or just the referrals that our clients send us. Everyone really focuses on the day I'm going to retire or the year I'm going to retire, and they focus on Do I have enough money And you know that That's great that that's the one thing that they're focused on. Because that is really the most important thing. And the do I have enough money? Question is always you know, I've saved all these years. You know, I've put money away in my 41 K. I've gotten My employer match I've been in the stock market. I have been out of the stock market. However they invest, you know, Now is the time for me to try to preserve this money. Try to protect the money and then you know, how do I turn it into An income stream. You know, A lot of people are working with advisors. You know, these are advisors that have been working with for 10 15 20, maybe 30 years and that adviser really has done. A great job of getting them to retirement. They've done a great job. Growing the money. But then when it comes to actually spending the money distributing the money that's kind of where a lot of other advisers unfortunately, do. Fall short because the tactics that you used to grow money as best as you can over the years is significantly different than how you preserve, protect and distribute money. And you want to do it as tax efficiently as possible. And at the bottom of the statements that you get from these types of advisors that says we can't talk to you about taxes. Consult your tax advisor. And so you know this, this mind set shift that we've talked about quite often on the show of where you're going from working every day for a paycheck to have You know, Stop working and do the things you want to do and have the money work for you and create that paycheck. That's the same mindset switch that you need with a financial advisor. Maybe that adviser that got you to retirement. Is not the best advisor to get you through retirement. And if you want to sit down and have a conversation about what can retirement look like for me? How do I make my money last for 2030? 40 years because people are living longer. Retirement is not our retire at 65 I diet 75 retirement is I retire at 60? I retire at 62. I lived on 95 or 100. That is the new reality. In retirement. So for the next five callers that have saved at least $500,000 or more. I'd like to extend this special invitation for you to come in and sit down with Mike or myself personally and well, put together your own. A comprehensive retirement plan. Give us a call 3213849820321384 98 20. It's a savvy investor radio in the savvy investor podcast run, Herbert, You talk about planning financial planner Retirement plan, But I guess that's really hard to nail down and pinpoint exactly what that is. Because we're all so different. What's going to work for me may not work the same as you know, my neighbor so on and so forth, because of you know what we've saved. And those types of things. So having a plane is really a custom thing that is really hard to to kneel down. You want to have a custom. Retirement plan. You know, you don't want to go through retirement. You don't want to approach retirement with a cookie cutter plan. You know that you get from, you know, maybe you're 41 K company has somebody that they suggest you work through. Maybe they have Little tools inside here, 41 K company, you know all of that is very, very basic information. It's saying, you know, over time. The stock market is 8 to 10%. You can take out 5% of your money and statistically speaking, never amount of money..
News 96.5 WDBO
"mike canete" Discussed on News 96.5 WDBO
"It's pretty much what a lot of people are talking about. Today. We'll also talk about rolling over those forgotten for one kid counts and putting that money to work. Mike Canete and Ryan Herbert are here to help you grow. Keeping distributor wealth in the most tax efficient manner possible. Ryan Herbert, How are you? It's great to see you this weekend. I'm doing wonderful. It's nice weather outside. We are At the anniversary, the 20 year anniversary of 9 11, So you know, we're always trying to remember and And never forget, But we gotta have a plan for the future. And that's interesting because as Americans You know, today is a tough one man. Uh, it's 20 years and we we we reflect will never forget, But like you said, we always have to be looking Forward, and the premise of the show is to help you prepare for retirement, you know, and and and that's what we're going to focus on. Even today. I think that the unique thing about what today is is that this is probably One of the few times where you can think back 20 years ago and know exactly where you were what you were doing. At this time, and I think that's fairly unique in that aspect, because there's not many other times where I can say 20 years ago on the state I was doing X and you know you want to, You know you want to remember that? But you You want to have a plan for the future, So that way retirement can be memorable for you, and you think back. It was 20 years ago and where we can be in retirement. For 20 years for 30 years, Uh, and that's a long time and can people conceptualize before building a plan with you guys at the savvy investor radio and a pro status Financial advisors group. Can they can they comprehend what that's going to look like that that that time span 20 to 30 years in retirement is a long time. No, I don't. I don't think many people do you know when listeners come in from the radio show, you know, they give us a call, and we set up a time for us to sit down and talk about their situation. Or or people come to the workshops of the seminars or just the referrals that our clients send us. Everyone really focuses on the day I'm going to retire or the year I'm going to retire, and they focus on Do I have enough money And you know that That's great that that's the one thing that they're focused on. Because that is really the most important thing. And the do I have enough money? Question is always you know, I've saved all these years. You know, I've put money away in my 41 K. I've gotten My employer match I've been in the stock market. I have been out of the stock market. However they invest, you know, Now is the time for me to try to preserve this money. Try to protect the money and then you know, how do I turn it into An income stream. You know, A lot of people are working with advisors. You know, these are advisors that have been working with for 10 15 20, maybe 30 years and that adviser really has done. A great job of getting them to retirement. They've done a great job. Growing the money, but then when it comes to actually spending the money distributing the money That's kind of where a lot of other advisers unfortunately do fall short because the tactics that you used to grow money as best as you can over the years. Is significantly different than how you preserve, protect and distribute money. And you want to do it as tax efficiently as possible. And at the bottom of the statements that you get from these types of advisors that says we can't talk to you about taxes, consult your tax advisor. And so you know this, this mind set shift that we've talked about. Quite often on the show of where you're going from working every day for a paycheck to have, you know, Stop working and do the things you want to do and have the money work for you and create that paycheck. That's the same. Mindset switch that you need with a financial advisor. Maybe that adviser that got you to retirement is not the best advisor to get you through retirement. And if you want to sit down and have a conversation about what Can retirement look like for me? How do I make my money last for 2030 40 years Because people are living longer. Retirement is not our retire at 65. I die at 75 retirement Is I retire at 60? I retire at 62. I lived on 95 or 100. That is the new reality. In retirement. So for the next five callers that have saved at least $500,000 or more I'd like to extend this special invitation for you to come in and sit down with Mike or myself personally and well, put together your own comprehensive retirement plan. Give us a call 3213849820321384 98 20. It's a savvy investor radio in the savvy investor podcast run, Herbert, You talk about planning, financial planner retirement plan, But I guess that's really hard to nail down and pinpoint exactly what that is. Because we're all so different. What's going to work for me may not work the same as you know, my neighbor so and so forth, because of you know what we've saved. And those types of things. So having a plan is really a custom thing that is really hard to to kneel down. You want to have a custom. Retirement plan. You know, you don't want to go through retirement. You don't want to approach retirement with a cookie cutter plan. You know that you get from, you know, maybe you're 41 K company has somebody that they suggest you work through. Maybe they have Little tools and Saudi or 41 K company, you know, all of that is very, very basic information. It's saying, you know, over time. The stock market is 8 to 10%. You can take out 5% of your money and statistically speaking, never amount of money..
WCBM 680 AM
"mike canete" Discussed on WCBM 680 AM
"Pretty much what a lot of people are talking about. Today. We'll also talk about rolling over those forgotten for one kid counts and putting that money to work. Mike Canete and Ryan Herbert are here to help you grow. Keeping distributor wealth in the most tax efficient manner possible. Ryan Herbert, How are you Straight to see this weekend and other than one? Awful. It's nice weather outside. We are At the anniversary, the 20 year anniversary of 9 11, So you know, we're always trying to remember and And never forget, But we gotta have a plan for the future. And that's interesting because as Americans You know, today is a tough one man. Uh, it's 20 years and we we reflect will never forget, But like you said, we always have to be looking forward and The premise of the show is to help you prepare for retirement, you know, and and that's what we're going to focus on. Even today. I think that the unique thing about what today is is that this is probably One of the few times where you can think back 20 years ago and know exactly where you were what you were doing. At this time, and I think that's fairly unique in that aspect, because there's not many other times where I can say 20 years ago on the state I was doing Fox and you know you want to, you know, you want to remember that you want to have a plan for the future, So that way retirement can be memorable for you. You think back It was 20 years ago and where we can be in retirement for 20 years for 30 years? Uh, and that's a long time and can people conceptualize before? Building a plan with you guys at the savvy investor, radio and Status Financial Advisors group. Can they Can they comprehend what that's going to look like that? That that time span 20 to 30 years in retirement is a long time? No, I don't. I don't think many people do you know when listeners coming from the radio show,.
WCBM 680 AM
"mike canete" Discussed on WCBM 680 AM
"Retirement. Their complete retirement plans again. We'll give you some time to call in and set that up. So Ryan survey after survey that I've seen people think retirement planning is just so complicated. What you're saying here is that it is very simple. People just want to know. Do they have enough? To retire and that it's going to last them as long as they live. I think that's the first thing that people are looking for whenever they sit down with any financial advisors, validation that they have done enough that they have saved enough so that they'll be able to retire and won't run out of money. That's the first thing they look for. And often times I get to say yes. Congratulations. You've saved enough. You've done an excellent job You've created this nice big Mastic. But my question that is now what now what? What are you going to do? How do you take that money? That million dollars that $800,000 and $500,000 whatever. You've saved your whole life for how do you take that money? What is going to be your plan to turn that money? Into an income stream, and that's why I said, We need to know how much you want to spend on a monthly basis because then that's where Mike and myself and our team year that's where we start building out your financial plants where we start building out. Your financial future because it's not. I want to spend $5000 a month every single month from 65 until I die at 95. That number can change because retirement spending changes in retirement, so we start to build in. Inflationary measures. We start to built in the periods of which we know you're going to be spending more money because those first few years of retirement that's when you want to go out and do those bucket list things you want to travel and current Covid situations limiting you. But at some point in the future, I want to travel. I want to go to Italy. I want to go to Greece. I want to go to Asia. I want to go to Australia. I want to go to Hawaii. Whatever you want to do. That's going to happen in the first few years, so that's spending number is going to increase in those first few years, and then it'll fall back down. But what we do is we start to put together that income stream and the most important thing about the income stream is making sure that no matter what happens in the stock market You have the income that you need on a monthly basis because you don't want a 2000 to 2000 and three to affect your retirement. You don't want to 2000 and 7 2000 and eight to affect your retirement and you don't want a 2020 pull back to give you a heart attack. When you're planning over target the end of the year. It all starts by having that plan, creating a plan that gives you the income streams. That you and your spouse cannot live and for the next five collars that have saved at least $500,000 or more for retirement. I want to extend a special invitation for you to come in and sit down with Mike. Myself personally. Give us a call. 866597 10, 48 66597 10 40. We will help put together Your very own custom income plan for retirement. 866597 10 48 66597 10 40 That, by the way is complementary. No obligation to you now will give you some time to call in. And isn't it funny? We look back now. When we were younger, we were worried about saving all this money to retire now. We did a great job. But now really the complicated thing is, how do we make that pay us and last us the rest of our life. That seems to be the most challenging part. But great news is as that Mike Canete and Ryan Herbert..
WCBM 680 AM
"mike canete" Discussed on WCBM 680 AM
"Ryan Herbert going to throw in the copy of Mike's book, Nothing is certain, but death and taxes until now. Great read to help you prepare better. Forward taxes. So most of us are hoping that we're going to be able to maintain the same standard of living in retirement that we enjoy now, but Jack Otter, he is an associate publisher for Barons, he tells Fox business. Lot of us aren't doing what we need to do to make that happen. Listen to this. This is a crucial point that people don't understand what you need to do is you need to save enough money that that savings will actually create an income stream for you. So it's not as if you take a few bucks out this year in a few bucks out next year and hope that you die before it goes to zero. You want to figure out have enough money so that it kicks off return? So, Ryan, how do we do that? I mean, we look at our 41 ks or IRAs and they're up and that's good. But in the back of our mind, we're also thinking how am I going to make that? Pay me to create income in retirement and, oh, by the way, so that it doesn't run out. Oh, I mean, the stock market just goes up, right? That's all it ever does. I can take out 4 to 5% a year and and, statistically speaking, never run out of money, right? That's what they used to say. And now I think that number is like 2.8% is what they're saying. You know if you have a million dollars and you leave it in the stock market when you retire You can take out 2.8% and statistically speaking, Never not our money. Well, if you have a million dollars, that was the magic number you wanted to hit being. No, I say that because that's a very common thing that I hear when people come in the office and I want to get my IRA does a million dollars when I get my 41 k $1 million. That's Just this number that everybody wants to have at this point, and they asked me What do I think of that? And it's a very subjective answer because everybody's situation. Is different. You know how much you have to save for retirement is really all dependent upon how much you want to have to spend. In retirement. And so you know, the the old thinking was, you know if I would draw 5% if I have a million dollars That's $50,000 a year I can take out and never live on Will that new number is 28,000. But if we stick to that old thinking, because that's kind of where most people still are, If you had a million dollars, and you retired January 1st of 2000 And you said, I'm going to take out 5% a year, which is $50,000. Well after three years, 2000. 2000 and 1 2002 by January, 1st. Of 2000 and three Your million dollars is now $565,000. Wow. And if you were taken out 50 grand a year to live on Now you're taking out almost 10% of your money to get that $50,000 a year And that's not the way to approach retirement. You should not be reliant upon The stock market to generate that income in retirement, because no matter how conservative you make your money, anybody that you ever have out there in the stock market is always at risk Bonds that's typically what people think of when it comes to safety. They can go down in value. In fact, When the Federal Reserve raises interest rates whenever they do it. They've been saying we're not gonna do it for two years for the past four years, whenever they start raising interest rates, those bond funds those bond ETFs that have those long term bonds in them, they will start to lose value because they're not going to pay as much. As those new bonds go out there. So really, you know what you need to do Is it all starts with having a plan and the number one question that I ask any time anybody ever comes in You know, Of course, I want to know when you want to retire what you want to do in retirement? But the number one question I asked that starts everything is how much money do you need to have? Every single month to spent, is it $3000 a month is it 5000? Is it $10,000 a month and more often than not people either. They don't know how much they want, or they give me Ballpark answer or they follow the the old thinking. You know, I'm an old thinker. I think that I could take out 5%. Well, if I do all the reading, I'm going to spend between 16 85% of of whatever I'm spending now. So here's the number and my thought processes is a lot different because Lifestyle should not change in retirement. Your standard of living should not change in retirement. Just because you're going from working 9 to 5 Monday through Friday, or whatever your schedule is. Just because you're going from working for a paycheck doesn't mean your lifestyle has to change because now your money Is working for that paycheck for you so, however much you spend a month while you are working. That is the number you should shoot for in retirement, And that is what determines. How much I have to have saved for retirement. And if you want to find out what your magic number is, because you can't go find those green errors on the street. You can't find those strings in the park that you grab and you run to the end of it. If you want to find out how much money you need to have for retirement, it all starts by having that plan and giving us a card. 866597 10 48 66. 597 10 40. You'll sit down with Mike or myself personally and well, put together your own customized retirement income plant, so give us a call. 866597 10 48 66597 10 40 As we give you some time to call in and set that time up with Mike Canete and Ryan Herbert of Pro Status Financial Advisors, let me tell you a little bit about Mike and it and Ryan Herbert might connect is a financial planner and estate planning attorney with a master's degree in taxation and three time Amazon best selling author Ryan Herbert Financial and tax planner and nine Times five Star Wealth Management Award winner ready to help you to and through.
WCBM 680 AM
"mike canete" Discussed on WCBM 680 AM
"And here is the risk that you're taking with each of these individual 41 case. How can we together lower your overall fees and help? Get you that smart risk taking the least amount of risk possible to accomplish your goal. And it all starts by give us a call. 866597 10 48 66. 597 10 40. You will sit down with micro myself personally, and we will put together your own complementary portfolio extract. And don't forget that is a complementary. Portfolio X Ray with Mike Canete and Ryan Herbert Pro Status Financial Advisors Group and here on the savvy investor, radio and savvy investor podcast. Make sure to take advantage of that today. This weekend here on the savvy investor radio and coming up, we're going to talk about financial freedom. The fourth of July is not the only holiday we celebrate this month. We also celebrate Bobby Bania Day. Remember him from the Mets while he collects a nice paycheck every year, even though he's not with the Mets anymore. How can you get on that deal? We're going to talk about it next right here on the savvy investor, radio and savvy investor podcast. Stay with us. I can't If you're concerned how taxes will impact you now and in retirement, it's important to work with qualified professionals who understand the big picture and can work on all areas of your finances from investments to taxes to estate planning. Mike Canete and Ryan Herbert at Pro Status Financial Advisors group can do it all in the most tax efficient manner legally possible. If you're serious and saved $500,000 or more for retirement call for a complete retirement plan. 866597 10 40. That's 866597 10 40 on your computer at pro status. Financial dot com. This is the savvy investor radio with Mike Canete of Pro Status Financial Advisors Group. As a financial planner. My job is to figure out the best tools in the best solutions for my clients. Mike is a financial planner and estate planning attorney with a master's degree in taxation and three time.
WCBM 680 AM
"mike canete" Discussed on WCBM 680 AM
"597 10 48 66597 10 40 for that retirement income analysis and tell them you wanted to help replace your paycheck in retirement. And don't forget to online at the savvy investor TV dot com. Savvy investor Tv dot com Up next. Sure you're 41 K looks great now, but can it handle the market drops, especially if you're close to retirement. We're going to talk about that next right here on the savvy investor radio and Savvy investor podcast me, American Mama, Let me be There was a time when the answer was a million dollars million dollars million dollars million dollars million dollars. The question How much is a lot of money? Think about this. During the eighties, there were about 500,000 millionaires in the U. S. Today. There are over 18.6 million. There are millions of millionaires. The point is this If you've saved a million dollars for retirement congratulations, But even if you haven't That's your fortune when You carry that label of middle class Millionaire or not? My Canete and Ryan Herbert of Pro Status Financial can show you how to take those hard earned dollars and create years of retirement happiness. When you do the math on your retirement, it's more about the number you get paid per month than the amount you save. Call Mike Canete and Ryan Herbert of Pro Status Financial for your Complimentary evaluation, call 866597 10 40. Or online at pro status. Financial com. Want to retire like a Millionaire call Pro Status financial today. If you're concerned how taxes will impact you now and in retirement, it's important to work with qualified professionals who understand the big picture and can work on all areas of your finances from investments to taxes to a state planning. Mike Canete and Ryan Herbert at Pro Status Financial Advisors group can do it all in the most tax efficient manner legally possible. If you're serious and saved $500,000 or more for retirement call for a complete retirement plan. 866597 10 40. That's 866597 10 40 on your computer and pro status. Financial dot com. What goes up must come down. If you're thinking about your 41 K That is correct. What goes up must come down. Thanks for staying with us here on the savvy investor, radio and savvy investor podcast..
News 96.5 WDBO
"mike canete" Discussed on News 96.5 WDBO
"Right now, Rusty. I'm looking at 76 degrees in case semi it is 76 now and Orlando Severe weather station. They've touch security, triple team traffic it towards what's going on an iPhone. Scott, You got delays on I four eastbound beginning between us 27 at 5 32. Once you get past 5 32 year back up to speed all the way into downtown and westbound remains all clear from Sanford into downtown. Visit the Refresh computer superstore in long Wait to get a complete windows 10 system for just 189 99 at refresh computers. They have what you need at every budget. Visit. Refresh computers dot net with traffic alerts every six minutes in the morning. We're helping you get to work on time from the Wdbo Triple team Traffic Center. I'm Ed Torrance, now one off the duster. One another one. But the dust another one. The dust? Well, a chance of the Olympics goes up in a puff of smoke. Literally. We'll tell you about it next. Retirement. You want solutions that are smart and simple. Listen to Mike Canete and Ryan Herbert of Pro Status Financial Advisors Group and host of the savvy Investor radio Show and Podcast. Wednesday night at nine. Here on Wdbo 173 F M and 5 80 A. M. In an accident and worried about paying your bills. We may be able to help. Hi, I'm attorney Jennifer English at the Orlando Law Group. We have recovered millions of dollars for our clients to help with their injuries, medical bills and to get their lives back. We may be able to help you for free consultation. Call me at 4075124394 that's 475124394 or visit the Orlando law group dot com Now offices Orlando See? See what day is it? Oh, Scott, we call this a protected I thought it was Friday. But you're right. You're right. It is a protect day. You just heard how brutally hot it's gonna be. It's hot. It's muggy.
WCBM 680 AM
"mike canete" Discussed on WCBM 680 AM
"Here's how much money you have to satisfied in the stock market to statistically right that Monte Carlo to statistically never run out of money. Here's how much you have to set aside and you know if you want preferred stocks and dividend paying stocks Here's another approach. But you need to have those options in front of you so that you can make an informed decision about your money. And if you want to have that opportunity, if you want to know exactly what your options are, and you don't want a one size fits all approach. Give us a call. We will sit down with you. We will create those income streams You call us at 866597 10 48 66. 597 10 40. Ryan and I and our team will sit down with you. We will show you exactly how to create those income streams. We're going to tell you exactly how much money you need to set aside in a new and if that works for you in stocks and equities, If that works for you and preferred stocks and dividends will tell you exactly how much money you need to set aside to create that income strength. It's not an approximation. It's not a Maybe It's not what we think. And it certainly isn't a round number. It is an exact number because you know what? It's an exact science. We know exactly how much that number is. When you sit down with us. We're going to create those income streams. We're going to show you how much risk you're taking. We're going to talk to you about the fees that your pain we're going to talk to you about long term care, estate planning and most importantly right now, folks. Taxes. We have five years left of the lowest tax rates we've ever had before. And quite frankly, with Joe Biden talking about increasing your taxes at this very minute. There's no time like right this second to do tax planning for now and into the future. Give us a call 866597 10 40 retirement planning A to Z will give you a couple of minutes to call in and set that time up with Mike Canete and Ryan Herbert and the team at Pro Status Financial Advisors group. And, of course, here on the savvy investor, radio and podcast, then speaking of taxes, Texas and Florida are the fastest Growing.
WCBM 680 AM
"mike canete" Discussed on WCBM 680 AM
"Go. Glad you're with us, Texas and Florida are the fastest growing states population wise. But what if you like where you live? You no longer have to move just to lower your tax bill and retirement, Mike, and that's going to talk to us about that a little bit later on, And when should you give your adult kids? Their inheritance right now, just right now, just when you catch on her, No, that's advice. Just just give it to a now And that, of course, is my cadet financial planner, estate planning attorney with the Masters degree in taxation who has a lot of experience in this area, and he is here today to help you grow keep and distributor wealth in the most tax efficient manner as he is every weekend. And every time we do the savvy investor radio savvy investor podcast got a lot to talk about today. How are you? I'm doing absolutely wonderful man. I'm uh, I love this 70 year, especially in Maryland. Florida is getting a little bit hot. So you know, spending a little bit more time in Maryland right now, But yeah, it's a great time of year. I love it. Well, that's what we're going to get into that discussion coming up here in the show, because you do have offices in the Baltimore Maryland area, Also in Florida, so lots of great information to help our folks that saved in taxes and perhaps stay wherever it is. That they want to stay living. So let's get into this first and experienced financial advisor will tell you that the number one fear in retirement is Running out of money. Absolutely. It is always the number one thing that people want to bring up now. It's not the first thing they should talk about. Obviously, you know what does retirement look like? Should always be the starting point. But you're right. I mean, the biggest thing everybody was asked us. Do I have enough money? I want to make sure I never run short. I've had a paycheck for the last 40 50 years in my life. I want to make sure I have Paycheck for the next 30 or 40 years of my life, Sure, running out of money is a bad thing. So with that there is a report from the Benefit Research Institute that found that nearly 10% of baby boomers in the highest income group will run short. Of money. Do you see that? Is that pretty accurate from your findings? Well, I think what happens is because most people fail to plan they should plan to fail. And that's I think evidence of it right if you don't have a financial plan if you don't have a retirement plan if your whole plan revolves around, I think and I hope and I expect our I made these assumptions, then you're probably going to fall into that category of Handing out smiley faces at Walmart or the pick at it plan. Hey, I got all this money and I'm just going to pick at and hopefully, alas, well again, hoping for the best, right? I mean, but but that's the problem. I mean, everybody who's successful, I don't care if you're talking sports teams. I don't care if you're talking businesses and for financial planning, everybody who's truly successful in what they do. You have to have a plan of action. Now these plans of actions that you create. It's not like they're etched in stone, right? I mean, they're not permanent, but they give you some guidance to give you some ideas, and and it's amazing how many people come into our offices and have no idea how they're actually going to take money out. I mean, it's it's a typical thing where they come in. They have saved money for the last 2030 40 years of their lives. They have X amount. Let's just Let's just say they have a million dollars saved up and and they sat down and either calculated the numbers are they Googled it, and they talked to some financial guy and they told him Oh, you could take out 4% per year. So think about that. You have a million dollars saved up and adviser tells you or Fidelity tells you or Vanguard website to tell you you could take out 40,000 per year. Think about that a million dollars and you can take out 40,000. Now you budget yourself for 40,000, because that's what the website told you. That's what the financial advisor told you Imagine dying with $2 million. What? You'd be kind of annoyed. You didn't He only spent 4000 all those years. You have all this extra money and No, we joked around about leaving money to your to your heirs and give it to them now, But I think running out of money is bad, but having way way too much money left over. That's not a good thing, either. Especially if you didn't live the retirement that Japan So if you want to have a plan in place, if you want to live the retirement that you have envisioned, give us a college 866597 10 48 66597 10 40. Let Ryan myself and our team let us sit down with you. Let's create those income streams that you and your spouse will never outlive. Let's talk to you about the fees you're paying the risk you're taking. Let's talk about long term care in a state plan. And most importantly, folks, I mean, think about this. Joe Biden is talking about changing taxes. You need to take advantage of the tax brackets that are available to you. Now give us a call 866597 10 40. It's a savvy investor, radio and savvy investor podcast with Mike Canete. Mike, you have a master's degree. And taxation, which is very important. We going to get into that here a little bit later on, But let's talk about those plans because people hear that and they say, Wow, you know, how do I create these plans? And and they they they hear the word plan, but they just don't have it. You know, in black and white and what we do with the people that come into our offices, we sit down with them. And we showed them their options. Look, here's how much you think you want to spend. Here's how to create those income streams. Imagine having a bucket of money that says, Look, no matter what happens to the stock market. We had income. Imagine, haven't been in a position that no matter what happens to the stock market to inflation, we know that no matter what happens, the income needs that we have created for ourselves. Are going to be. There were always going to have money for the roof over our head. We're always going to be able to pay for the food on our table. We're going to be able to pay for insurance, health insurance. We're gonna be able to take care of the car. We're going to be able to have that vacation or whatever it is, you plan for whatever you dreamed about. We want to be able to sit down and create that written plan. And I think that's the most important part is actually having a plan written out in black and white that you can understand not from esoteric assumptions mean we see things all the time, people Ask us all the time and and bring up these statements to say, Look, the Monte Carlo says. We can do this. You know, a Monte Carlo Simulation Monte Carlo calculation. Think about that. Just the term Monte Carlo. That's very nature is a gamble right? And that's what this in first we are going to gamble with your money, and we think the gamble were taken based on the risk reward. We think the gamble is worth it. We think that you know you have a 90% chance of success. We think I mean, heck, if you have 100% chance. The success. It's still a gamble, right and who wants to get on an airplane? Flying to Florida knowing that 86% of the time you're going to get there alive. Who does that, right? I mean, I recognize there's some small chance. Sure the plane goes down, but I want more than an 86% chance that my plan is going to make it. You know what I would really like as a guarantee that no matter what happens, my plane is going to make it to Florida. And if you create that written plan if you sit down with a financial planner, right, you can't sit down with a stockbroker. You can't stick sit down with a financial advisor. You can't sit down with a red Just a representative. Their duty is to sell you some investment that is suitable for you. And I know people talk about fiduciary duties and all that, but you need to have somebody who truly understands how to create those income streams. Shows you the options on how to create those income streams right? Because there's not it's not one size fits all you need to truly understand how to create those income streams. And you need to understand the tax implications of those income streams. Imagine losing 20 to 30% right off the top because the advisor you chose doesn't understand the tax implications of what you're doing. So when we sit down with our clients when we sit down and create those income streams, we showed them exactly how it's going to happen. Look, if you want to buy an annuity, here's Santa Annuity works. Here's how it's going to guarantee your income. You don't want an annuity because you read I hit a new this and you should, too. Okay, fine. Here's how the stock market works in..
WCBM 680 AM
"mike canete" Discussed on WCBM 680 AM
"The least amount of risk necessary and reduce those reasons. Make sure that a state plan goes tax efficiently, not only from in state tax, but from an income tax. People. Forget that there's income taxes related. Inheritance. Let us show you how to eliminate that problem. Let's talk about taxes in general, not only your rmds, What about those nude as you might have bought the stocks and bonds and dividends and interest All those things could be attacked in such a fashion to get you into the 0% tax bracket. It all starts by giving us a call 866597 10 14. We'll give you some time here to call in and set that time up with Mike. Net, and Ryan Herbert, then speaking of inheritance. When should you give your adult kids their inheritance? Of course, Mike Canete says. Today. Today Just cut that shit right now. Just not the check right now pull up on the shuttle road. Sell it them, though. PayPal, However, you need to get it to your kids because I'm telling you right now, the ability to Washington spend it and enjoy it. It's going to give you so much more pleasure in your life, then leaving it to them from your deathbed that ladies and gentlemen is wisdom from a financial planner and a state planning attorney with a master's degree in taxation might connect. Stay with us for the second half of the savvy investor radio show and podcast. Number one retirement. Fear is running out of money. We're gonna help you not do that coming up next. She's been living in a good town girl. I'll bet you never had Stream guy. There was a time when the answer was a million dollars million dollars million dollars million dollars million dollars. The question How much is a lot of money? Think about this. During the eighties, there were about 500,000 millionaires in the U. S. Today. There are over 18.6 million. There are millions of millionaires. The point is this If you've saved a million dollars for retirement congratulations, But even if you.
WCBM 680 AM
"mike canete" Discussed on WCBM 680 AM
"You're with us, Texas and Florida are the fastest growing states population wise. But what if you like where you live? You no longer have to move. Just to lower your tax bill and retirement, Mike and it's going to talk to us about that a little bit later on, And when should you give your adult kids their inheritance right now? Just when you pass under now, That's advice. Just just give it to her Now. That, of course, is Mike Net financial planner estate planning attorney with a master's degree in taxation, who has a lot of experience in this area, and he is here today to help you grow keeping distributor well for the most tax efficient manner as he is every weekend. And every time we do the savvy investor, radio savvy investor podcast get allowed to talk about today. How are you? I'm doing absolutely wonderful man. I'm not. I love the seven year especially in Maryland. Florida is getting little bit hot. So you know, spending a little bit more time in Maryland right now, But yeah, it's a great time of year. Love it. Well, that's what we're going to get into that discussion coming up here in the show, because you do have offices in the Baltimore Maryland area, Also in Florida, so lots of great information to help our folks that saved in taxes and perhaps stay wherever it is that they want to to stay living. So let's get into this first. Experienced financial advisor will tell you that the number one fear in retirement is running out of money. Absolutely. It is always the number one thing that people want to bring up. No, it's not the first thing they should talk about. Obviously, you know what is retirement look like should always be the starting point. But you're right. I mean, the biggest thing everybody always asks us. Do I have enough money? I want to make sure I never run short paychecks. The last 40 50 years of my life. I want to make sure I have a paycheck for the next 30 or 40 years of my life you're running out of money is a bad thing. So with that there is a report from the Benefit Research Institute that found that nearly 10% of baby boomers in the highest income group will run short. Of money. Do you see that? Is that pretty accurate from your findings? Well, I think what happens is because most people fail to plan they should plan to fail. And that's I think evidence of it right if you don't have a financial plan if you don't have a retirement plan, if your whole plan we involves around, I think and I hope and I expect or made these assumptions, then you're probably going to fall into that category of Handing out smiley faces at Walmart or the pick at it plan. Hey, I got all this money. I'm just gonna pick at and hopefully less well again, hoping for the best, right? I mean, but that's the problem and everybody who's successful. I don't care if you talk to sports teams. I don't care if you're talking businesses and for financial planning, everybody who's truly successful in what they do. You have to have a plan of action. Now these plans of actions that you create. It's not like they're excited Stone right? I mean, they're not permanent, but they give you some guidance to give you some ideas, and it's amazing how many people come into our offices and have no idea how they're actually going to take money out. I mean, it's a typical thing where they come in. They saved money for the last 2030 40 years of their lives. They have X amount. Let's just let's just say they have, you know a million dollars saved up and And they sat down and calculated the numbers. I googled it, and I talked to some financial guy and they told him Oh, you could take out 4% per year. So think about that you have a million dollars saved up and adviser tells you or Fidelity tells you or Vanguard website to tell you you could take out 40,000 per year. Think about that a million dollars and you can take up 40,000. Now you budget yourself for 40,000 cause That's what the website told you. That's what the financial advisor told you Imagine dying with $2 million. What? You'd be kind of annoyed you didn't see the only spent for you all those years. You have all this extra money. And I know we joked around about leaving money to your heirs and give it to them now, But I think running out of money is bad, but having way way too much money left over. That's not a good thing, either, especially if you didn't live the retirement that you plant. So if you want to have a plan in place if you want to live the retirement that you have envisioned give us a holiday. 66597 10 48 66597 10 40 Let Ryan myself in our team. Let us sit down with you. Let's create those income streams that you and your spouse will never outlive. Let's talk to you about the fees you're paying the risk you're taking. Let's talk about long term. Care in a state plan. And most importantly, folks think about this. Joe Biden's talking about changing taxes. You need to take advantage of the tax brackets that are available to you. Now give us a call 866597 10 40. It's a savvy investor, radio and savvy investor podcast with Mike Canete. Mike, You had a master's degree in taxation, which is very important to get into that here a little bit later on, But let's talk about those plans because people hear that and they say, Wow, you know, how do I create these plans? And they hear the word plan, but they just don't have it. You know, in black and white and what we do with the people that come into our offices. We sit down with them, and we showed them their options. Look, here's how much you think you want to spend. Here's how to create those income streams. Imagine having a bucket of money that says, Look, no matter what happens to the stock market. We have income. Imagine, haven't been in a position that no matter what happens to the stock market to inflation, we know that no matter what happens, the income needs that we have created for ourselves. Are going to be. There were always going to have money for the roof over our head. We're always gonna be able to pay for the food on our table. We're gonna be able to pay for insurance. Health insurance will be able to take care of the car. We're gonna be able to have that vacation or whatever it is, you plan for whatever you drink about. We want to be able to sit down and create that written planet And I think that's the most important part is actually having a plan written out in black and white. You can understand that from esoteric assumptions. I mean, we see things all the time. People ask us all the time and bring up these statements and say, Look, the Monte Carlo says We could do this. You know, a Monte Carlo Simulation I Monte Carlo calculation. Think about the just The term Monte Carlo. That's very nature is a gamble right? And that's what this and first we are going to gamble with your money, and we think the gamble were taken based on the risk reward. We think the gamble is worth it. We think that you know you have a 90% chance of success. We think I mean heck, if you have 100% chance of success, it's still The gamble, right? And who wants to get on an airplane flying to Florida, knowing that 86% of the time you're going to get their life? Who does that, right? I mean, I recognize there's some small chance. Sure, plank us down, But I want more than an 86% chance of my plan is going to make it. You know what I would really like as a guarantee that no matter what happens, my plane is going to make it to Florida. And if you create that written plan if you sit down with a financial planner, right, you can't sit down with a stockbroker. You can't stick sit down with a financial advisor. You can't sit down.
WCBM 680 AM
"mike canete" Discussed on WCBM 680 AM
"Retirement plan for you and your situation. Give us a call 866597 10 48 66597 10 40. Give you a couple minutes to call in and said that time up with my Canete and Ryan Herbert and back to the conversation here on the savvy investor, radio and savvy investor podcast, Ryan does it really boiled down to income? Is that really what we have to be focused on? And if so, like you've been saying what age should we start to shift? That thinking to income instead of grow, grow grow. I think that the the the mindset change for most people happens around 55. That's just natural because that's when people start thinking about retirement man. It would be really nice. Back of retired 57. I want to go out at 60. We'll give us a call 866597 10 48 66597 10 40. And we can start running those numbers and showing you what retirement can look like for you. And just last Tuesday, I was having this conversation with some existing clients of mine. They came from the radio. So they called me about. I don't know. Four years ago when they were the husband, Mike was 55. Karen was 49. They said, you know, Mike wants to retire. At age 60. He wants to be done. I'm going to keep working for a number of years because I like what I do, but we want to make sure that we can replace mix income stream in retirement, So we sat down and we went through all the numbers. We said all right of the $800,000 that you guys have saved. We need to take $352,637. That's not the exact number that was for them, But that's how exact it becomes. But it was right around $300,000 that we took. And we set aside for income so that no matter what happened when Mike hits age 60, he can retire with Karen's income and the income coming from the investments. It got them to the point where they could wait until Mike's full retirement age at 66 to collect his Social Security, and then we could stop that particular income stream. And then when Karen finally decided she wants to retire at 65. It'll turn back on, and we'll create more income for them so that they have this income stream that they cannot live. And so we did this about four years ago, when the plant's been working really, really well, the money's been growing as as it's supposed to to generate the income they need at that point. In the future, But you know they had a phone call with me because we're doing tax planning. This is the same couple. I talked about last segment where we're doing. Roth conversions were switching money from their IRA to their to their Roth doing. Those conversions were stopping their traditional Forlan care contributions, putting it in rock, and we're just talking about all the implications. Not only now, but what happens to them in the future and She asked me she goes since we did that the income plan. You know, we know we have the income and retirement. I'm nervous about what's been going in the stock market because it just keeps going up. I think that the the others she was going to drop and we're going to have that pull back in the market. What should we do? I think I wanted to take all my money and put it in cash. And I said You know, Karen, that's I can make that argument that the stock market is overheated. It can't just continue to go up. But let's think about it from perspective of we made sure that no matter what happens, you guys have the income that you need so everything that we're investing now everything you have in your 41 K for the next 10 years because that's how much longer she wants to work. That is all. Extra money. Do you want to see that money? Go up, 10%. How about 20%? Are you okay with a 5% drop 10% drop 20% drop and we really gauged out the numbers of what they were mentally comfortable with taking the arrest And that's where that smart risk comes into plant. We're taking the least amount of risk necessary to accomplish their goals. At the end of the day. They know that they have their kids. They have the income that they need in retirement, and they can eat it, too, by having that money out there in the market and seeing those big returns that they wanted, and it's all because they hurt us on the radio, and they gave us a call at 866597 10 48 66597 10 40 for the next five callers that have saved at least $500,000 more for retirement. Give us a call and come and sit down with micro myself, and we'll go over your own customized retirement plan that has that income plan aspect attached to it that has the tax plan attacks to it. We're going to talk about long term care. We're going to talk about life insurance. We're gonna talk about legacy planning. We're going to talk about a state planning. We're going to take a look at your 41 k. Make sure your money is working the best way possible for you all of the aspects of a proper Financial plan. Come in, sit down with Mike and myself, and we'll do this on an absolutely complementary basis. 866597 10 48 66597 10 40 Thanks so much for that Ryan will give you a couple minutes to call in folks and set the time up with Mike Canete and Ryan Herbert Approach Status Financial Advisors Group, of course, here on the stabbing investor, radio and savvy investor podcast. Be sure to subscribe to the savvy investor podcast so you can catch all this great content. Also a lot of great interviews from a lot of celebrities that you know and love like, For example, this week, it was Tim Allen.
WCBM 680 AM
"mike canete" Discussed on WCBM 680 AM
"Financial Advisors group Mike Canete and Ryan Herbert. Ryan. You guys have been talking about this now for years, taxes are going to increase. We got to start playing. So this is nothing new for for regular listeners of the show and your clients. But it looks like it's coming to a head now because things are are really furthering up a lot more, and this may well happen. Whether it's this proposal or another proposal. We're going to get hit with a massive Tax hit and tax planning is really what you guys do and one of the key stones of of your firm. Talk about that talk about the difference between tax preparers, somebody that you know, just does your taxes and true tax planners and also work with your retirement and your investment. The biggest difference between a tax preparer. Tax planner is your tax preparer. Somebody you see once a year you send them all your information. You make an appointment to go sit down in their office and they do your taxes and they and then they either hand you back to return that you sign in the email to you, and then it's filed then you honestly you don't hear from them. Until January, February or march of the next year, whereas a taxpayer as someone who is going to have those conversations with you about all right, here's what happened last year that major taxes change. By however much here's what we can do going forward for this year because you're doing taxes in the the year following. Here's what we can do this year. To make changes. So that next March next April, God forbid the extend this tax line again on Mike and I here, But you know, here's what we can do to help reduce taxes. And these are the conversations that I have that I'm having now. With all of my clients, you know, I was just talking with clients of mine the other day. Just this past week. We're and we're talking about, all right. We want to start planning more for retirement. We've talked about doing Roth conversions with their money, which is where we're taking money out of their IRAs and dropping paying tax on it and putting it in to the Roth IRAs and part of those conversations are let's stop. Putting our money away into these traditional IRA account, because if taxes are going to go up in the future, why not pay taxes now on lower tax rates, then we're going to have in the future. So we're talking about. All right. Let's shift this 10% of putting in your traditional for one cake. Let's put it over into your Roth IRA here. The ramifications that's going to have on everything else on your tax return. We need to adjust your tax withholdings appropriately, so that not only you end up with that same net pay in your paycheck every single month. So that we don't have this big surprise at the end of the year and then Oh, by the way, my husband got to raise his salary is going to go up to this. Oh, you just got a bonus. That's another $30,000. Here's the taxes they took out. Can we sit down and talk about these things, and that's what we do. On a regular basis. And quite often, I get phone calls from our radio listeners where we're talking about this. You know, I have this tax issue I want to talk about because I cannot get the answer from my accountant. You know, I have these three running properties. This was a conversation I had a couple weeks ago. I had the three men of property and I want to start getting out of him because I'm getting older and I don't want to Deal with this headache anymore, And when I asked my tax preparer about selling it, all they did was say, Here's how much money you're going to owe in taxes. If you sell it you should send in. An estimated tax payment. And he said, Well, what? What can I do to avoid avoid paying the taxes? It goes, Oh, well, you know, just sell the property. Sending the payment will figure it out. You know, that's that's not that's not what you do. There are so many alternatives when it comes to selling assets like rental properties. You can do exchanges. You can push that capital gain down the road. You can go out and you can buy specific investment vehicles. That allow you to defer the tax is further down the road and get an income stream really working with a tax preparer, an investment manager and a financial planner who looks at all of these aspects and has the tools has the idea is to come up with creative ways to help you to your retirement goals. You want to find out more about this for the next five callers that have saved at least $500,000 or more for retirement? I want to offer you the opportunity to come in and sit down with my can have us put together a complementary financial plan. Give us a call. 866597 10, 48 66597.