17 Burst results for "Steve Ringo"
KLIF 570 AM
"steve ringo" Discussed on KLIF 570 AM
"Lifetime income solution for or even a protected growth strategy that, you know, Worst case scenario that that money is always going to be there. And I know Cathy, You've got a handful of new clients here recently that did that with a portion of their portfolio. Yeah, and let me just kind of run you through this number, So it's interesting that you should even bring that up. So we have a gentleman that wanted to run his numbers backwards. He needed to generate 100 and $20,000 of income bees. Pretty young age 61. We're going to start his income stream at age 65, So we ran it with the top three income companies that we shared with him. And to get 100 to receive 100 and $20,000 of guaranteed lifetime income. The top company he only had to fund with a million 600,000 interesting enough. The number two on the grid he had fund with a million 725,000. And then the next one, actually, the next one down with nationwide and that one came in at almost a million 800,000. So there's a difference there from the top company all the way down a nationwide of difference that the of $200,000 That he could save and do something else with so we're able to run the reports a little bit different. Like how much money do you want to generate? Well, this is how much you will need to fund this with. So we just really find that These income reports that we have access to that have all the different companies on it. You know, Once we share with our clients, they're just illuminated just because, Wow, you know, I didn't know that you work with all these different companies. It's just school and the fact that it reduces or eliminates the sequence risk or sequence of return risk for that portion of your portfolio is huge, because obviously the market is always going to win in the long run the challenges when we are retired or getting close to retirement. And we need to access that money. If the market goes down, and let's say it goes down big like it did 2000 and 2003 where you're starting off negative and you're taking income from an asset that's gone down in value. It's almost impossible for you to make it back up. And that's exactly why if you had a million dollars in 2000 And you only took 50,000 out a year for 20 years going into 2021. You only left with around 60 to 70,000. And that's because the down years that you continue to take that income at a negative effect, and you're paying fees on top of that. So even though your average rate of return was greater Than what you would take a initially for your income. You still ran out of money. Give us a call today and let us run an income report for you to show you and will share the report with you on the top companies that are out there. Steve and I will be meeting with people in Arlington and Dallas as well as we will be doing zoom meetings as well as conference calls. Your call is being answered Live 972473 47 100 again. That's 972473 47 100. Or you can send us a live chat message at the wooden done dot com. Also go on and watch our video series on how the income annuities have completely changed and also find out what types of annuities you may have at your house. By pulling out your statements. We have them all broken down. And maybe it's time for an upgrade on those and you can do that often times with the 10 35 exchange and not having to worry about a taxable event. So again give us a call today, 972. 473 47 100. That's 972473 47 100. I'm Cathy DeWitt. Them along with Steve Ringo will be right back to wrap up. I think it's time we had the talk The talk Yes, the retirement talk. It's time we deal with this. It's been on my mind to. We've put this off long enough. I've been doing some research. And, according to Kathy, Kathy, do it done the retirement specialist Yes,.
KLIF 570 AM
"steve ringo" Discussed on KLIF 570 AM
"Services. And welcome back on Cathy DeWitt down along with Steve Ringo. Thank you so much for joining us this weekend. We're glad that you're with us and Steve. It's a special weekend. I can't believe it's the 20th anniversary of 9 11. I just It's amazing how 20 years just flies by flies by definitely in just such a surreal moment brings you back to that day 20 years ago and everything that we've been through as a country ever since then, which is been definitely a struggle for for a lot of people And for all of our service members out there. You know, you're you continue to be in our thoughts and prayers, and especially those that that lost their life on that day 20 years ago, 20 years. I mean, it's just I got back in time, and I'm like, okay. I remember what I was doing. 20 years ago, Remember dropping off the kids going? Drop him off at school and then getting a college an hour and a half later, the school shut down, and I don't even remember now how long the school was closed for, but it was close for a while, but I mean, just 20 years ago. I mean, it's just Goes by so quick. But, you know, brings back all those memories and unfortunately, there's people out there that live with that memory every single day, you know, and, uh, truly unfortunate. Um, but with that being said, I mean, we're fortunate enough to live in such an amazing country that we still have have freedoms to do as we please. For the most part, for the most part, right, well, You know, just thinking about 20 years, and you think? Okay, what was I doing? 20 years ago. Now the question is, is Were you going to be 20 years from now? Because before you know it, poof, 20 years will be just Right behind us all over again. And you know, with the financial markets and everything that we're seeing. We're seeing a little bit of resistance is the same 1,002,000 points that is going up and down, But, yes, we're preparing for retirement. We have to think about events like 9 11. That happened 20 years ago and we just pulled out of Afghanistan. We're seeing some resistance just there. I mean, a lot of people are upset about this pulling out. I mean, at least the war. Quote unquote is over. But that doesn't mean that the markets are going to retrieve. And there we see all kinds of things that are going on across the world right now, especially when you take a look at where we're at with the market being at an all time high as well. I mean, you take a look at the 20 the previous 20 years, 4020 not including 2021. I mean, there is some significant years there where the market went down, and for people that are getting close to retirement are already in retirement. The thought of having You know too significant. Time periods with the market falls. You know 30 to 40% for multiple years in a row before it even starts to come back and really have a negative effect on your financial portfolio. And those two big downturns were 2000 and 2003. And then, obviously Oh, 89, We're not even talking about the recent flash crash that we saw because of Covid. At the beginning of March march of 2020, and then some of the other things during the Trump presidency, where the market fell pretty quickly but then rebounded. You know, I think people aren't as concerned with those short drops in the market rebounding. They're worried about 2000 and 2003 and 08 No. Nine. That's interesting is is that A majority of the federally backed employment paychecks that everybody was receiving due to Covid. That's all over with. Now we're looking at everywhere you go. We see small businesses and says We're not even opening up until later in the day. I went to get a Starbucks this past weekend, which I should say my husband went to go get one because I don't want to pay. The price is but he went there at 6 30 in the morning with two dogs to go get A coffee and two puppets, chinos and there is a big sign on the door and it said, We aren't going to be opening until 10 a.m. due to the fact that we have a labor issue, So I mean, you know, with all this happening, I just don't know what all these people are doing that are out of work and all these businesses looking for people. And I mean that just kind of blows my mind completely that we can't find people. The benefits have now expired and evictions. Probably. We're going to now start happening, but nobody wants to go to work. Right and and we're still in. You know whether you want to accept it or not, There's still a pandemic out there. And unfortunately, there's new challenges that we see day in and day out. And when you take a look at our hospital staff being understaffed because they're 18 19 months into this, and they're tired. I mean, we hear it day in and day out of people that are getting close to retirement, are already retired, whether they're doctors or nurses. Or some that are probably 10 to 15 years before retirement, and they're saying, you know what? Enough's enough. The amount of pressure that we're receiving for this job is just not worth it anymore. Well, we had the great resignation in April, eight million people quit their jobs. I mean, that's just crazy. And you know, we look at these markets and things are just moving right along, But eventually I think something's going to have to give because you can't have everyone being unemployed. There's no additional benefits. We're going to take a look at it. Evictions that are coming up. There's several different variations of covid that is happening. Even in our family. We're all vaccinated and one of our Children. That had the Pfizer vaccine ended up getting a variation of covid. And they were at two lane and then we saw what happened in New Orleans. So we've got one child that Is in graduate school and one that's about ready to graduate or senior year and two lane shutdown right now because of the hurricane, So I mean, everything is just crazy right now, so very unpredictable times. But the biggest thing is, if you're going through retirement, you've got to have predictability. You've got to have a safety net for your retirement funds, and you have to make sure that they're growing safely and they're not subject. To market risk. We have some great videos on our website. If you're looking for preservation of capital and you want to see some good returns, go to to wit and done dot com. That's the one and done dot com and you can watch our video series to find out how we might be able to help solve for future income or immediate income, especially with so many people.
KLIF 570 AM
"steve ringo" Discussed on KLIF 570 AM
"And welcome back on Cathy DeWitt done along with Steve Ringo. Thank you so much for joining our show today. We're glad that you're with us, and we hope you reach out to us. You know, we're an uncertain times, even though this markets at an all time high. I think a lot of people are nervous and you know it. Do it. And And one of the things that we really want to focus in on is mitigating the risk first and then Producing the returns because in the end, you need your money to be there so you can generate income. So you want to reduce your standard of living later down the road, and if you have a plan in place that is built around safety growth. An income you can achieve that. Yeah, the continuation of an income stream. Whether it's a pay check or cash flow is the most important component to your overall retirement plan of people. A lot of times just get fixated on how much money they need to have, Because based upon averages, they would be able to have the income that they need and desire. But one thing that a lot of advisors don't tend to talk about a lot is the sequence of return risk. Yes. If you have an average rate of return of 78%, you would think that you'd be able to take that 78% and still maintain the principle. But that's not true when you're talking about market related positions, because in a down year if the market goes down significantly, you're taking income from a depleting asset. And you never want to get to the point when you where you do that So from a fixed income allocation standpoint, we like strategies that have that preservation of capital built in Or if you put a million $2,000,003 million in that that amount is protected against stock market loss. So if we make money, that's great. We just pull that out off his income. But if we don't make money, that's okay, too, because we're not taking income from a depleting asset. That's the last thing that you want to do. You know, Steve Here's an example of a guaranteed lifetime income plan that we designed And let me just share with you some of the numbers So we had a female age 65. So in five years, she would like to start generating guaranteed lifetime income. So she used a portion of her funds, and this is after Tax money, so not a retirement accounts. Just cash. And she funded a an annuity that's going to generate income for and she is going to start income at the fifth year, her first year benefit guaranteed for the rest of her life is going to be $84,234. Which is outstanding. That's 8.4% she's going to receive for the rest of her life. So what happens if she gets hit by a bus at age 75? Whatever they account value that's left is still there that goes to the beneficiaries. So a lot of people don't realize that, you know. Oh, great. I have an income plan. But what happens if like, I don't There's still money in the account. What goes to your beneficiaries? It doesn't go to the insurance company. Having an exit strategy is extremely important with your retirement assets. But what I love the most is the fact that you mentioned that she just took a portion of her portfolio. So when you combine that $84,234 plus our social security, which is Minimum of $3000 a month. I mean, she's at almost 115 $120,000 a year in income that's probably pretty close to what she was making while she was working. But that's only with a portion of her portfolio. So that way she has her other monies that she could do other things with whether it's a protected growth strategy for accumulation or even wealth management to be globally diversified and have different positions that give you the opportunity to try to beat the benchmark because that's what it's all about. It's having a diversified portfolio that gives you the ability. To grow your money, mitigate the risk and replace that income. Absolutely. And one of the things just listening to that, as her son has invested some of her money in Cryptocurrency, and she was like, Oh, that's all great and fine. I'll do it. I'm so excited. I see the numbers Great because, but You know what if all of that blows up and what happens if it's gone to Mars, because I still have to live right so like and she's of the age, you know, at age 65 now where I want to touch, feel see my money, have my money coming into my checking account, knowing that it's there, So it's like you were saying it gives her the opportunity to be diversified in other places, but because her income is like way over $100,000. She has no debt. That's amazing. It is amazing. So for everyone that's out there. Pick up the phone. Give us a call today, Kathy and I would love to share with you different strategies that we could help you preserve, grow and produce an income stream for life. Not at 80%. But at 100% plus of your top income. The phone number that we can be reached at is +972. 473 47 100 again. That's 972473 47 100. Or you could log on today to our website at DeWitt and done dot com and send us a live chat message. And we'll get back with. You can also request an appointment and income illustration and there's so much information on our website. It's just amazing. And Steve, if you go and you read all the articles, along with the Wall Street Journal article where people are using fixed indexed annuities. For supplementing their fixed income. It's an outstanding article because the yields are so low in the marketplace exactly in any time you can diversify your portfolio into something that's going to give you the potential to earn a higher yield than you would in a traditional fixed account, which, obviously they're not paying anything now. But even normally if rates were three or four or 5% to have the ability to have In eight and 9 to 10% with a buy up option gives you the confidence that you need for your retirement future. Yes, but I think I got back to like 2000 and eight before the market crash. We had fixed rates of 6%. Do you remember that Western Catholic Union? There were a couple of them right? So we had 6%, I think guarantee for like, five or six years. And we had people that would come to us and say I'm not gonna lock my money up for five or six years at 6%. Because interest rates are going to go way up. And could you imagine? If you had because we did have a lot of clients that took us up on that. But then now we have 3%. People are thinking, Oh, well, rates are just going to continue to go up and it's like I'm not saying that in the near future as a matter of fact. Are fixed rates have been so low since the market crash of 2000 and eight I've never seen any recovery there so people are trying to chase returns to generate income. So it's really nice to have a portion of your portfolio that's not linked to the market and like are fixed rate, so it's 3% and there's no fee, but at least you get three. If you want some other options that aren't linked to the market. You're trying to generate income. Maybe 56 10 years down the road. We have an option that has an 8% bonus that's up front and then for 10 years each and every year you're guaranteed a growth rate not linked to the market of 7%. Each and every year in its compounding so on a million dollars, you'd be well over $2 million, and that's the number that you can use for future income. We will be meeting with people in our Dallas newly renovated Dallas.
KLIF 570 AM
"steve ringo" Discussed on KLIF 570 AM
"And done financial services. And welcome back on Cathy DeWitt down along with Steve Ringo. Thank you so much for joining our show today. We're glad that you're with us. And before you know it, the summer is going to be behind us. Especially since all the Children are back in school. The Children Yes, they are back at school. Hopefully, we can keep them there. I know there's been a lot going on with the delta variant indifference. School districts shutting down for a week here week there, but hopefully we can get this under wraps because nobody wants to have what happened. In March of 2020 continue in August in September of 2021. It's going to be pretty interesting to see whether Governor APP it allocates money for online, You know, schooling because right now, that's not Available, right? So that's pretty crazy to think that in other parts of the country, the kids show up to school and they sent him home. It was interesting. I forget what city but they actually we're about ready to go to lunch. They called all the parents has said. We're not doing lunch. They're not going to the cafeteria. You need to pick them up and we're shutting down for three weeks. It's just crazy. It is crazy and my heart My heart goes out to First responders. You know everyone that has to deal with that on the front line, all the nurses all the doctors because it's not something that's just pop back up. This is something that's been going on, and it looks like it's going to continue. 2022 regardless of what everybody thinks. One of the challenges is, is this market right? So we have, you know, Look what's happening in Afghanistan, right? And then we take a look at the delta variant. We're looking at inflation numbers. You know, we're looking at earnings, just the volume on the market and how expensive everything is. You know, I think what was inflation up to half a percent last month alone, So if you're sitting in CDs, and you're getting a half a percent over a year You're way behind because that's a half a percent. Inflation went up in one month, right? That's one month and that's just what we see. But what we're actually feeling at home when we're going to the grocery store when we're buying things is the prices just continue to increase and What No one's ever going to come out and say, Oh, it's actually this bad. It's a slow, gradual and then it's oh, and when Oh happens in the financial markets for people that have their money invested in the market, specifically people that are high net worth individuals that are getting close to retirement already in retirement. 234 10 $15 million could be worth 30 40 50% less and then what does it take during a true recession or depression to get back? It takes more than a flash crash increase that we saw in March of 2020. It's Oh, eight. Oh, nine. It's 2000 and 2003. And it could potentially be worse because why we continue to kick the can down the road, and we have to do things differently. The closer we get to retirement. Absolutely. What I've been saying is that with what's happening with the delta variant, I'm finding that a lot of people because of me. They're some of the employers were mandating. People were coming. You had to come back to work We've been seeing so many people just quit and say, I'm done. And, you know, now they have access to their 41 K. What am I going to do with it? They've been rolling. Therefore, one case over to us like nonstop and they're not going to go back to work. And they're like, I'd rather do it less have less money just because I don't want to deal with all this stuff that's happening and you know I'm going to maybe go on a vacation for three or four months and I don't want to go through corporate America again with what's going to happen, right? Frustration. Is that an all time high, and when you add that on top of everything, it's really putting people in a very difficult position. I mean, we had a client come in recently that didn't want to get vaccinated, But then they got vaccinated because work had suggested it. And the fact that they didn't have to wear a mask if they were, And then the week after they got the vaccination. Now they have to wear a mask. And it's like why, you know so they they just feel, you know, misled and and When people are getting close to retirement already in retirement, and they have their number right? They have enough to continue an income stream, not at 70%, but at 100% plus of what they were making. Why not take the leap because of everything that we've been through since March of 2020? Steve, I think also with the people that have been coming into our firm is pretty interesting is is that unless they have a health issue Nobody wants to be wearing a mask anymore. It's pretty interesting. Everybody is kind of over it Save you've got that opposition out there obviously were saying that playing out in the news and I don't know what's going to make this market Probably correct. But and then also, pretty soon before you know it. There's gonna be a lot of evictions and a lot of things that are happening. So we just have everything that's like the perfect storm like the you talk about, like all this stuff is brewing, but the one asset that you've seen grow To such high values as your retirement accounts. The one the one thing you don't want to have happened is now you quit work or you're on leave. And now that money goes down in value, because you're you don't have it in a position of safety and security. So Steve and I work with a lot of different fixed income annuities, Whether you're you just quit and you need to generate an income stream immediately. We could help you with that. Or maybe you're looking at one year, four years, six years. Whatever the number is, we can generate an income report based upon You and your spouse's age.
KLIF 570 AM
"steve ringo" Discussed on KLIF 570 AM
"I'm Cathy DeWitt down along with Steve. Ringo. Thank you so much for joining us this wonderful weekend. We're glad to have Mr Ringo back in the studio. I know he was here last week, but How about the week before you finally recovered? I have I have recovered at 100%. Yes. And I no longer have the numbness in my big toe. So I'm good to go Tell everybody. What you did for were actually a bunch of people that called us this past week. It was like, Oh, my gosh. Is Steve crazy? I'm like, Well, yeah, slightly, yeah. Yes, Everyone asked about my training for this, And I said, Well, I have a wife and three daughters. So you know if you can. If you can do that, on a day to day basis, you can go on a mountain and just enjoy the the air in the elevation. Definitely played into a big factor. Now we have the opportunity. Um, myself and Russell and as one here in the office to go to Sun Valley, Idaho, and ascend a mountain 1.6 miles up in 36 hours, the goal was to do it 15 times, which would be the equivalent Of the height of Mount Everest. So these are vertical feet here, so 29,029 ft, and it started on Friday at six. A.m.. And you had until Saturday at six p.m.. And just the experience that I had was was definitely life changing. You know, there are some people out there that are just trying to ascend the mountain as fast as possible. And just be selfish to to get the red hat or or the metal. I think for me, I wanted to experience you know, meeting people on the mountain, listening to different challenges and struggles and reasons why people were there. Um, you know everything from cancer to lost child to ran into a couple of different people with With type one diabetes, which I think is just awesome for many of you listeners out there that know that my oldest daughter was diagnosed on Easter. But just to be able to connect with people was was really good and also support people when they were stuck, You know? I mean, you're talking 40 45 degrees up the mountain in certain areas. I remember spending roughly 45 minutes with a A woman by the name of Mona, who is a single amputee. That's you know, really? Just just think about that an amputee going up The mountain 17 Times, 29,000 ft. And Idaho. Wow, it was crazy, and just I have no excuse. Yes, awesome experience. And, yeah, I mean, the big takeaway is first of all, There's no regrets. I set out to stay up as long as I could. So I was able to set up the full 36 hours. And when you calculate everything into it, I ended up with a little over 27,000 vertical feet, which was 14 a sense and Yeah, Every emotion comes to is pretty funny. Kathy. Before we went out on the mountain, she was like, you know, there's a lot of grown men that cry on the mountain and I'm like, what is she talking about? She doesn't know what's going on, You know, and then I get up to the mountain and After my fourth ascent. I had spent three hours hiking up with a gentleman by the name of Frank, who is 57. It was his final one. He just wanted to do four and to see his wife greet him. At the very end. It brought tears to my eyes and I was I was holding them back as much as possible because I didn't want Kathy to be right. But in this case she was, and I was obviously so thankful and blessed for for the opportunity, But so many amazing experiences. You know you go through you go through a lot, and it's It's just awesome. You know, with such an interesting corporate events, so it's a lot of people throughout the United States, and there was a couple of people that came from other countries. To do this hike. One of the most fascinating things that I found out this past week was at Richard Branson's personal mentor. Was there on the mountain doing that? So there's a lot of people out there that do this event and I am going to try to do it next year. But just the time and energy and effort it takes to train. Rocky was like, Oh, you know, he's my husband's A litigator here in town. He was just like I don't know That's a lot of hours. That could be, you know, doing some other things because you know some people are doing. You know Stairmaster two hours a day and then going on a treadmill at 40% grade, that Nordic track that they have 40% great an hour every night. That's three hours of training over six month period, which is awesome. But then you just think of 36 hours. It's over, right? But then when I talked to these people that were doing that kind of training while they're going on to go do the one in Utah and then also in Vermont in September, where there's you know, actually ice on the top of the mountain, so it's pretty interesting how it's not just for one event, and then you have the people that do the last mile. I guess whatever it is that guy chat that just did 128 miles. He ran and 36 hours. I never went to sleep. That's pretty incredible What you can do when you when you turn your mind off, but at the end of the day you get so therefore I'm not going to turn my mind off. You could never turn your mind off. You just have to constantly say I can do this. Keep going. Keep going and again. Whatever you put into it, you'll get out of it. I mean, they're just because you don't ascend the mountain 15 times doesn't mean that you can't get the full experience of being on a mountain and going through different challenges. I mean, there was people. Well, there that only did it one or two times and they were still able to take away lifelong friendships. But more importantly, put something in front of them and then overcome it right and and to have the support of the community, and that's what's so great about that event is it's not a race. It's it's It's just These are the parameters. If this is what you want, then you can go get it. But if not, there's going to be so many other beneficial things that you'll take from it, and I love it. I mean, I'm really looking forward to doing it next year, but it's kind of like also like with Orange theory is like it's not a race because you're competing against yourself. Or maybe rowing at a higher wattage, which is what I do, but I mean, it's just kind of the mental Stamina that you need to complete the race. But I'll also take is kind of like retirement planning is like so it really takes a lot of stamina and due diligence for people to come up with a plan that's going to work for them in retirement in one of the challenges I'm seeing right now for people is they're doing it themselves. I mean, just, you know, going online trying to figure it out. Once you start taking income off of a portfolio that could go down in value, especially if you're also paying a fee That really is going to erode your principal. Just like if you're not going up the mountain correctly, and you're you know, not used in your polls and you're not, you know, traversing and you try to go straight up that grade, you're going to fall back or maybe you can make it up. But you've used such a significant amount of effort that it's just so taxing and it's more difficult. You know, and there are do it yourself is from a financial management and planning standpoint that end up getting by. But is it the life that you could have had? No, because you're worried about the potential downfall, And that's what's so great about having a plan that's built on safety that's built off income, but then it's also built on replacing an income stream. Is the fact that you have a full plan. There's accountability. So that way you can do what you want in retirement. The idea of turning on the news every day and and following the ticker symbols for our clients for high net worth individuals, they don't want to do that. They don't do. They spent their entire life getting to this point. So that way that they don't have to, or at least it's an option. Maybe they want to do it one day a week or two days a week, because that's their choice, not because they have to. Well, we have some great income plans right now, Steve, we have one that has an 8% upfront bonus, and it has a 7% compounded rate of return. That's guaranteed that you can use for future income. So more than doubles your money in a 10 year period. So well, whether you're five years out and retirement still a great plan because you can turn on income at any given time, and you don't have to commit up front and you know, every single year what you're guaranteed income is going to be but jump starting it with an 8% bonus. So if you're ahead of the game right now imagine adding another 8% onto what you have, right?.
KLIF 570 AM
"steve ringo" Discussed on KLIF 570 AM
"Along with Steve Ringo. Thank you So much for joining our wonderful show this week and full disclosure. We recorded this show a little bit ahead of time because Steve is out hiking in the mountains this weekend, and we hope he returned safe and sound right, Steve. Exactly. Yeah. The latest message we received from Sun Valley, Idaho, is that there's a heat advisory, upper eighties and 90 degrees with With nice, dry air, So it should be a fun a fun to wait a minute. A heat advisory at 80 or 90, Upper 80 Dallas When it was like the heat index was 103. We didn't have a heat advisory. That's very true. I'm prepared. I am preparing. No, There is no excuses. So let's talk a little bit about this. So last year, our whole firm was scheduled to go ever. I say, Let's talk. Why don't you inform everybody with this is this is event is all about this. So first of all, we'll kind of take it all the way back to January of 2020. When Cathy and I had the Opportunity to go to a, um, business function a big conference down in Florida and they presented us with the opportunity. They showed us this exciting video of people you know, sending up this mountain and and you know, one of the person said that they found their soul on the mountain and Kathy and I just both were corporate event right retreat. Kathy and I looked at it and said, This is just something we have to do because I love to. She loves to hike and track and I love to do things that are challenging and so obviously Covid came in March and we were Supposed to hike summer of last year, so they pushed it a year. So here we are, And I can't I can tell you with 100% certainty. I'm no more prepared now And then I was on January in January, 2020. I am going to call you out on that one because last year prior to co that we were all working out in the garage and going up and down the stairs and the po My garage is better prepared, probably better prepared, but anyway, so all the guys at the firm are going to go and represent the wooden done financial services as Would be very exciting, and this year I'm not able to participate because everybody or you don't have any replacement. So maybe, perhaps next year I can do it and Laura's like, I'm just going to be a cheerleader on the sidelines. But it's been pretty kids that we're really excited for you this weekend, and we definitely will give everybody the update next week. And if Steve is not on the radio show, you know that the heat advisory and his legs probably gave out But I'm excited for y'all. It's definitely going to be a great opportunity. We're really excited to go up there and represent our firm to talk about how many times But yes. So the whole idea between 29 29. Every steen is 29,029. Ft is the actual height of Mount Everest, the tallest mountain in the world. So this group thought it would be a good idea to allow Yeah, to allow people to to gather together. And essentially, what you do is you ascend a mountain This mountain in Sun Valley, Idaho. We're going to we're going to have to do it 15 times to reach the equivalent of 29,029 ft. And it's roughly 1.6 miles up. You know any anywhere from inclines at 8% all the way up to 40% the benefit here. I'm always looking for for the benefit, right. There's always something is we We hike up, but then we get to ride the gondola down, so I feel like so I feel like that's going to be a really exciting Check down to back down to the ninth run up the mountain. You're going to be passed out in the gondola and you have to do it in 36 hours 36 hours. It's pretty interesting because there's a lot of people that can't complete it. It's it's just a mine. Game, and most people do not sleep during the night. This sounds like a lot of fun, and you know, it was just kind of a real big corporate event. There's companies across the United States of America that are participating in it. So we've got you, Russell and Aslund that are going to go represent us. Yes, And I'm and I'm very disappointed. No, and I'm very confident and as Lynn and Russell little bit younger than me a little bit lighter than me, But at the end of the day, we're going to see what happens. So it'll definitely be a good time. I think what I love the most is you're just around a lot of like minded individuals. You know, it's not a race. It is really just you against yourself. You set a goal, and if hopefully you will obtain that goal. For some people. It's one time of the mountain. For some people, it's five. But for most people, you know the goal is to to ascend 15 times, and that's that's definitely my plan. So I'm Hopeful that I can represent the wit and done um, the way that it needs to be represented. Because if not, I might not have a job. Well, this is what I like to invite everybody to do today. If you've been thinking about calling Steve discussion, appointment to come out and meet with them. Call him right now. Our calls are being answered life and I'd like everybody to start scheduling the 89 10:11 a.m. meetings on Monday morning. 972473 47 100 as you get back Sunday night, Right 972473 47 100. I will be in the office with a smile on my face. I'm really excited about I'm kind of jealous, though, actually, But you know, just bad timing for me, but the best of luck to you guys. But the biggest thing is is that I'm I have my I am not going to say what I think. I've already shared it with everybody. One of the biggest challenges as with going up the mountain just like that is that you have to have a plan in place and you really have to train Like substantially to do this, and one of the guys that I spoke with us done a year after year, says he's on the treadmill, and he's a 15% grade and he goes 15% grade on a treadmill two hours. Three or four times a week, and he doesn't hold on to the treadmill and 50% great. I'm like I would fall off. So there's you know, there's a lot of planning and a lot of people their first time doing this. They don't They're not successful, so we'll see how that looks like. But I mean, that's one of the challenges to right now, With all the ambassadors with this market. It's pretty scary. Been saying a lot of articles even recently by Michael Burry. Remember him The big short. Remember that movie? Wow. He just thinks this market's about ready to pull apart and how can it not? I mean, we've seen a recent increase with CPI numbers. Inflation has gone from 4.2% to 4.7% at the end of last week. Um, I mean, we're seeing everything that's happening from a tax standpoint, so it's really important for people when it comes to planning for retirement to have a plan in place. Unlike my plan for 29 29 saying anything have a plan in place. So that way, you know you can protect yourself from any downside exposure that we see from the stock market. You know, if you go back in time, if we take a look at it, it's pretty interesting. So Michael Burry. He shorted the market back in a way to make a ton of money, and it just made the market collapsed..
KLIF 570 AM
"steve ringo" Discussed on KLIF 570 AM
"Services. And welcome back. I'm Cathy DeWitt done along with Steve Ringo. Thank you so much for joining us this weekend. We're glad that you're with us and Steve. It's hard to believe the summer is here. The kids are out of school and praise The Lord. They're all going back full time in August. That's what my daughter says. There you go. It's very interesting. It's nice. Whenever I leave the house in the morning, I don't have to worry about dropping the kids off at school. I just come straight to the office. I don't have to worry about waiting in line and Dropping them off because they're still in bed at home, and I get to come to work and have a good time at work. I really enjoy what I do, because as many of you out there no dealing with Children or grandchildren, it's a full time job. It sure is. And I guess your school district went back full time anyway. So it's gonna be nice for like, come. The end of August are going to be back in school. Full time. Exactly. Yeah, they enjoy it. My daughter is a schoolteacher here in the DFW area, and she Actually was promoted to handle all their online learning, and I don't know what that looks like, because I thought all the schools weren't doing that anymore. But she's going to be handling all the curriculum for you know, like when it's snowing. And no, I don't think we're gonna have snow days anymore. We're going to have you can go to school online. So there's a lot of things that are happening, which is moving in the right direction. But it definitely starting to feel very normal here in the Texas area, and I'm so happy about that. Yes, and the heats just just ramping up so hopeful about the humidity with all this rain. Yes, it's been Oh, my gosh. Has been something else. Well, you know, if we take a look at all the people that came out to our office, Oh, by the way, Speaking of our office so excited our Yeah. Our Dallas officer finally getting to work, and we had a little issue with getting a permit issued from the building. I guess in the city and all, however, that all works, but now they're just going There's just straight ahead and all the walls are up. We're expanding our business here in the DFW and taking several 1000 more square feet, and we're very excited. So I think our target date is going to be right after July 4th to move back into our offices here in the Dallas area that we've been at for the last 12 years. Yeah, And for everyone that's been in here recently. During this transition, Then you know that we're just a couple of floors up, and we've got plenty of space for for for our entire team here, which has been great. I mean, it's literally two floors up from where we were. So it's been nice, a lot of empty space and then also, you know, bang out on the Arlington Fort Worth area now for you know, I guess it's going on about 12 years now. So you know that office has been very popular so that people don't have to drive to the Dallas area. I should say so lots of great ways to reach out to us. We have a lot of information. On our website about you know what we do and how we do it, and you can find out more about us at the wit and done dot com And, you know, Steve Every some seems like every single weekend I turn around. I see on TV. Yes, we've been busy. We've definitely been busy. So it's been fun He has been. It's been awesome. And you know, being affirmed that's been seeing people even the height of the pandemic. That was C D. C compliant, just being there for our clients and making sure that they can come in. They can visit with us. It's their money are strategies have not changed. We don't have a difference of philosophy, You know, but on the radio here for over 20 years, and our philosophy has not changed. Rule number one. Don't lose your money, right. Rule number two. Don't lose your money. And that's so important. I mean, I'm glad that you just brought that up The fact that during the pandemic we were still here, you know, and and and that's what people need when it comes to planning for their financial future or their retirement is to know that they still have You know, they're advisors are still there for them. They're not working from home. They're not, You know, you know, working from abroad. They are here, helping You with your need, and that's exactly what we strive to do, and that's what our team does each and every day here at the one and done And if you also take a look at some of the other shows are here. People that are on the air. You know, maybe they were following the 200 day moving average for the years that they've been, you know, on the air in the DFW area that just really hasn't worked out for a lot of the investors and to change your strategy and your philosophy midstream. Isn't very comforting, right? It's a little unsettling, especially during one of the largest bull markets that we've ever seen. I mean, if you can't make money in the market when the market's going straight up, you're doing something wrong. And a lot of that comes from the fact that buying and selling at the wrong times. We always know that the stock market is going to win from a long term standpoint. That's why asset diversification is really important. So really, the way we like to focus on that, for people is their fixed income allocation, which is the money that you do not want to lose. That's Cash, money markets, bonds CDs, those assets need to be in a position that are growing more aggressively than cash, money, markets, bonds and CDs. So once we take a look at your portfolio, and we allocate a certain percentage into that, then the remainder of the funds can go into manage money or can go into you know the major indices that are out there that you're going to see significant growth? So when you look at your overall portfolio, your mitigating the risk you're paying less in fees, But you're putting guarantees in place for your Financial future, and that's what retirements all about is peace of mind and a lot of times it's overlooked through, you know, strategies that may or may not work from buying and selling the market. Great point there was an article. I believe it was in February of this year. The Wall Street Journal really address the fact that with the the low interest rate environment that we're in right now, the yields are just horrible. So people are having a difficult time generating income. And they did. That article really clearly pointed out that people are looking at fixed index annuities. Not variable annuities, fixed indexed annuities, because why your principal is guaranteed at any given point. In time, you can decide if you want to leave. You could take your money. You don't have to worry about Wolf, the market corrected by 50%. Now I can't get my cash out. So there's lots of great strategies that we're utilizing to help people with income.
KLIF 570 AM
"steve ringo" Discussed on KLIF 570 AM
"You don't have to worry about Wolf, the market corrected by 50%. Now I can't get my cash out. So there's lots of great strategies that we're utilizing to help people with income replacement. It is very important to make sure you work with someone that has access to all the different companies. We also have very high fixed rates close to 3% for a five year period. It works much like a CD, but it's a fixed annuity issued by an insurance company and oftentimes, depending upon the company, you can take the interest. You can let it accumulate and there's so many reasons why you really need to come and reach out to his and visit with us to see what we're doing differently to solve for fixed income to solve for Your CDs that you're getting zero on or your money markets and also generating lifetime income. It is so important and that what you're referring to is that cash management aspect? I mean, we're in inflationary times right now. So to have your money Losing money through inflation is really not a good place and again. The cash management is a combination of money that you potentially will need liquidity on in six months to a year or two years and even some of your emergency monies as well. So to have the ability to lock in over 3%. Rate of return with no risk is a great place for a portion of your portfolio. And again, it's cash management. So when you add cash management, plus the growth strategies that protected growth strategies, plus the guaranteed lifetime income streams and the wealth management, you really have a plan that centered around, you know, mitigating the risk, But given you the ability to grow your money and access your money. Isn't that what it's all about? A retirement? I mean, no one wants to sit at home, not withdrawing from their portfolio, which we've seen a lot of people. Recently, you know, are thinking about well, you know if we read everything in the news, obviously, with everybody feels that there's a correction on the horizon. We hope there's not one. But with this market being at an all time high. We always have it followed by an all time low. So now is a great buying opportunity on the fixed index annuities because if you put in a million dollars in the market corrects well and it goes straight down. Let's just say, 50%. We used up a million dollars. In our strategies you by and automatically into the index. You don't have to wait for somebody to make that decision for you and miss out on all that up side of the market, and you can oftentimes get these with no fees. You may take a look at a writer might be appropriate for you. And then when Steve and I come back, we're also going to talk about how you can buy up the option and get a great rate of return after a market correction, But give us a call today put an income plan in place. Call us to see what an income illustration might look for you. Once again. A female age. 65 is going to fund an annuity with a million dollars and then at age 65. She's going to turn on of income stream and receive an 8.42% payout. Which means $84,234 guarantee for the rest of her life. Regardless of what happens in the marketplace, Give us a call today will be seeing people in Arlington and in Dallas, we can schedule a zoom meeting or conference call. Your call is being answered Live. 972473 47 100. That's 972473 47 100. I'm Cathy DeWitt done along with Steve Ringo. We'll be right back..
KLIF 570 AM
"steve ringo" Discussed on KLIF 570 AM
"With Steve Ringo. Thank you so much for joining us this weekend. We're glad that you're with us and Steve. It's hard to believe the summer is here. The kids are out of school and praise The Lord. They're all going back full time in August. That's what my daughter says. There you go. It's very interesting. It's nice. Whenever I leave the house in the morning, I don't have to worry about dropping the kids off at school. I just come straight to the office. I don't have to worry about waiting in line and dropping them off because they're still in bed at home, and I get to Come to work and have a good time at work. I really enjoy what I do, because as many of you out there no dealing with Children or grandchildren, it's a full time job. It sure is. And I guess your school district went back full time anyway. So it's gonna be nice for like, come. The end of August are going to be back in school. Full time, huh? Exactly. Yeah, they enjoy it. My daughter is a schoolteacher here in the DFW area, and she Actually was promoted to handle all their online learning, and I don't know what that looks like, because I thought all the schools weren't doing that anymore. But she's going to be handling all the curriculum for you know, like when it's snowing. And no, I don't think we're gonna have snow days anymore. We're going to have you can go to school online. So there's a lot of things that are happening, which is, you know, moving in the right direction. But it definitely starting to feel very normal here in the Texas area, and I'm so happy about that. Yes, and the heats just just ramping up so hopeful about the humidity with all this rain. Yes, it's been Oh, my gosh. Has been something else. Well, you know, if we take a look at all the people that came out to our office, Oh, by the way, Speaking of our office so excited our Yeah. Our Dallas officer finally getting to work, and we had a little issue with getting a permit issued from the building. I guess in the city and all, however, that all works, but now they're just going You know, just straight ahead and all the walls are up. We're expanding our business here in the DFW and taking several 1000 more square feet, and we're very excited. So I think our target date is going to be right after July 4th to move back into our offices here in the Dallas area that we've been at for the last 12 years. Yeah, And for everyone that's been in here recently. During this transition, Then you know that we're just a couple of floors up, and we've got plenty of space for for for our entire team here, which has been great. I mean, it's literally two floors up from where we were. So it's been nice, a lot of empty space and then also, you know, being out on the Arlington Fort Worth area now for, you know, I guess it's going on about 12 years now. So you know that office has been very popular so that people don't have to drive to the Dallas area. I should say so lots of great ways to reach out to us. We have a lot of information. On our website about you know what we do and how we do it, and you can find out more about us at the with and done dot com And, you know, Steve Every some seems like every single weekend I turn around. I see on TV. Yes, we've been busy. We've definitely been busy. So it's been fun He has been. It's been awesome. And, you know, being affirmed that's been seeing people even the height of the pandemic that with CDC compliant, just being there for our clients and making sure that they can come in. They can visit with us. It's their money are strategies have not changed. We don't have a difference of philosophy, you know, but on the radio here for over 20 years, and our philosophy has not changed. Rule number one. Don't lose your money, right. Rule number two. Don't lose your money. And that's so important. I mean, I'm glad that you just brought that up The fact that during the pandemic we were still here, you know, and and and that's what people need when it comes to planning for their financial future or their retirement is to know that they still have You know, they're advisors are still there for them. They're not working from home. They're not, You know, you know, working from abroad. They are here, helping You with your need, and that's exactly what we strive to do, and that's what our team does each and every day here at the one and done And if you also take a look at some of the other shows are here. People that are on the air. You know, maybe they were following the 200 day moving average for the years that they've been, you know, on the air in the DFW area that just really hasn't worked out for a lot of the investors and to change your strategy and your philosophy midstream. Isn't very comforting, right? It's a little unsettling, especially during one of the largest bull markets that we've ever seen. I mean, if you can't make money in the market when the market's going straight up, you're doing something wrong. And a lot of that comes from the fact that buying and selling at the wrong times. We always know that the stock market is going to win from a long term standpoint. That's why asset diversification is really important. So really, the way we like to focus on that, for people is their fixed income allocation, which is the money that you do not want to lose. That's cash money. Markets, bonds CDs, those assets need to be in a position that are growing more aggressively than cash, money, markets, bonds and CDs. So once we take a look at your portfolio, and we allocate a certain percentage into that, then the remainder of the funds can go into manage money or can go into you know the major indices that are out there that you're going to see significant growth? So when you look at your overall portfolio, your mitigating the risk you're paying less in fees, but you're putting guarantees in place for your financial future. Sure, And that's what retirements all about is peace of mind and a lot of times it's overlooked through, you know, strategies that may or may not work from buying and selling the market. Great point there was an article. I believe it was in February of this year. The Wall Street Journal really address the fact that with the the low interest rate environment that we're in right now, the yields are just horrible. So people are having a difficult time generating income. And they did. That article really clearly pointed out that people are looking at fixed indexed annuities, not variable. Well, annuities, fixed indexed annuities, because why your principal is guaranteed at any given point. In time, you can decide if you want to leave. You could take your money. You don't have to worry about Wolf, the market corrected by 50%. Now I can't get my cash out. So there's lots of great strategies that we're utilizing to help people with income replacement. It is very important to make sure you work with someone that has access to all the different companies. We also have very high fixed rates close to 3% for a five year period. It works much like a CD, but it's a fixed annuity issued by an insurance company and oftentimes, depending upon the company, you can take the interest..
KLIF 570 AM
"steve ringo" Discussed on KLIF 570 AM
"47 100 again. That's 972473 47 100. We have so many clients that really enjoy that feature the Buy up feature, right? We already have the stop loss in place where if your money goes, If the market goes down, your money doesn't go down with it. But to have the ability to achieve a double digit returns in a buy up option that you don't have to keep for multiple years is of significant value to people in their retirement portfolio. I mean, we've got so many engineers and do it yourselfers that just want to have the pulse on what's happening inside their plans. Sort of be able to make that decision on an annual basis just gives you you know peace of mind, knowing that we already have our money protected, but it's also going to grow at the highest rate possible with a top rated company with some of the best accumulation strategies on the market today. You know, Steve, I met with a gentleman this past week who was in the financial service industry for years and years and years and we rolled over a portion of his Mireille. It was roughly about $850,000 because we combined a couple things, but you know, it was just a portion and he came in and he was like, I want to see that by up option. Right. So is like, Wow, you know people that are in the finance world. You know, when you take a look at how you're able to make money, and he's like, well, I'm already paying 1 1.5 a look at my return to bend, you know, like that been seeing what's been happening in the market place. But then when you take a look at this, because that's a no brainer, But I did recommend to him right now. We don't want to buy up the option because the markets at an all time high, so we want to wait until we have a correction because I said, I want to save you the fee, right? He's like, Oh, I like that. So you don't have to enter in and pay that fee, right? Now What we want to do is enter after we've had the correction, and we don't have to wait for somebody to make that decision after the market's gone straight up, and you've missed out on everything. Yeah, I mean, when you're sitting, you know, with a portfolio that's you know, $2345 million. Whatever the amount is, and you're able to reduce the fee or even eliminate the fee. I mean, that's a lot of money over the next 10 2030 years, so that's money that you can use for future health care. That's money that you can use for future vacations with family or Even wealth transfer to your heirs. So to be able to have this all in a strategy from fixed income allocation standpoint, you know, just get you to where you want to be in retirement. Well, having money gives you options. I'm making sure that you know what That option is later down the road so you can enjoy your retirement years is very important because you don't have to ride the stock market up and down to generate an income and you don't need all of your money to do that. You just wanna have a portion of it because who knows what's gonna happen with Social Security later down the road. They there's a bill before Congress to extend The RMD the Age 75 just two years ago, our MD's and social Security where at age 70. So there's something up behind the scenes on Social Security. So you definitely want to take a look at the different options and strategies that Steve and I were talking about today where we can do as it allocation whether it's a fixed rate of return close to 3% if it's fixed indexed annuities, whether it's wealth management, long term care life insurance. Let's get a plan in place. We're going to be seeing people in Arlington and analysis next week, you could sketch Also a conference colors in meeting with us Your call is being answered. Live right now. Call us 972473 47 100. Or you could log on to do it and done dot com has sent us a live chat message, Stephen. I actually received those on the weekends and we'll get back with you or just simply call us right now. 972473 47 100. That's 972473 47 100. I'm Kathy DeWitt done along with Steve Ringo will be right back to wrap up the recent health events and financial markets have us all wondering what the future holds. How long before we come out of this, and life.
KLIF 570 AM
"steve ringo" Discussed on KLIF 570 AM
"With Steve. Ringo. Thank you so much for joining our show today. We're glad that you're with us, and hopefully this weather will kind of calm down here soon. We definitely have rain. Coming our way in the beginning of the week to will be We went as well. I wonder where we are for right numbers right now. Are we up? I guess heard at the beginning middle of the week. I think we're down just a little bit. From an average standpoint, so it'll be pretty interest. It'll be interesting. Oh, my gosh. Well, all I can tell you is landscape prices are way up here. Just mentioning lumber a few minutes ago. I just can't believe this year how expensive everything is. Just crazy. Yeah, It's definitely scary. And I think it zob Vesely scary for people that are getting close to retirement or already in retirement. Um, I mean, you take a look at when they were actually needing to borrow money in the eighties, interest rates were super high. Now that they're retired. Interest rates are at an all time low, So it's like you can't catch a break, You know, but fortune, but back in the day also interest rates on Houses were way up there to exactly remember that when they were loaning, right, they had to take out a loan there to pay enough 10 12 14 16% sure CDs were paying 14 15%, but at that point in time, people were Having a You know, buy mortgages? Yeah, it was so funny. Is that my grandfather? When Jimmy Carter was running for president, I'll never forget. I was up there in Tennessee and Out in the middle of nowhere, and we were sitting in his front room and it was really cute room and he goes Just remember this those pearly white teeth. He's gonna win because that peanut farmer and I'll just like as long as I live just the way he said it and he was he smoked a pipe and he just stood in the middle of the room. Very regal. And my dad, his stature. He he must probably like 5758. I was taller than my father, but his father Was 66. So hear this tall gentleman 66 with a pipe and just commenting about Jimmy Carter's teeth and he goes, he gets well. You know, Kathy, just remember. Just remember, this is the time in history that he was so cute as we have a peanut farmer, But you know what? I think we're going to see good things, But I guess you know, like I was like, Wow, Interesting. That goes back a long ways. Certainly does. That's when interest rates were crazy ever since, But my dad made a lot of money in real estate back then, even though interest rates were, you know, just crazy and had a lot of properties down in South Florida, and he did pretty well on that end. You know it also, you know rents were running a property way back then was pretty expensive. Cause nobody could qualify for a mortgage back then was pretty interesting. I can tell you. I think the real estate market is going to come here to a complete halt about the summertime. Just if you take a look at the four parents programs unless the current administration extends that I know there's a lot of people that are in default, and the banks are really looking forward to foreclosing on those properties because they want to get it off their books Right now. It's just a dead asset in there upside down. Yes, definitely going to be an experience for some people. I mean for our clients. Obviously, they're busy booking vacations. They're just excited pick up where they left off in 2019. Completely skipped through 2020 and just hopefully get to the point where people are just forget 2020. It's done. It's over. Good. Perfect. No, but I agree with you. I mean, you know all of our clients that have been coming in. They've been taking withdrawals, and I think you know Requesting money, and I think a lot of people have now are very excited about going to the ball parks. I mean, we saw the CDC this past week say that you know if you're going to be indoors and you're vaccinated, and if you're outdoors, you know, they don't think you need to wear a mask anymore. I think that's going to really open things up now for America. It's about time. Well, I think we've been seeing that in the Dallas Fort Worth area anyway. You know a lot of people. Everybody's the numbers for people that are backstage in this area are a lot higher than other parts of the country. So I think it's a really good thing and that people want to get out in about They want to have fun. It's about time. Yeah, it's time for them to spend that play check. I'd love it. Hey, Luke, Bryan, your guy he's excited about going back on tour in July. I was just saying that so all of the time to get back in the saddle for a lot of these musicians and entertainers, for sure. My gosh, I mean, talk about they haven't had any income coming in either. It's going to be interesting to see what happens this summer, though I know here are in Dallas. Ah, lot of the companies that have their people working from home. They're still allowing that to occur, and they're finding that they really probably don't need as much square footage is They once thought that they did, so I think we're going to see residential and commercial real estate. Take another hit, even though it's hard to believe with 20 offers going in on a house right now, But I always say what whenever you have an all time high. We know what follows. That is an all time low, So I just feel like here we go again soon. Yeah, We've seen a handful of clients and also listeners from the show that are consolidating their real estate investments or reducing lutely the amount of money that they haven't real estate because They're not wanting to have any downside exposure. They want to mitigate that risk. The markets run up great. It's time to sell a portion dependent on their age and what their goals and objectives are and for a lot of them to be about. Oh, Place money into a strategy that gives you a guaranteed lifetime income stream. It makes him feel pretty good at the end of the day, knowing that that paycheck will always be there because previously when they had the rental income coming in whether it was commercial.
KLIF 570 AM
"steve ringo" Discussed on KLIF 570 AM
"Back. I'm Kathy DeWitt done along with Steve Ringo. Thank you so much for joining our show today, and we're excited that you're with us and happy Valentine's Day weekend to you, sir? Yes. Happy Valentine's Day weekend to you and our listeners quite chilly this weekend. Well, how about this whole week? What the heck? I was wrong last week, punks. A tawny Phil, I apologize. I misspoke. So true. If you think about this weather that we had this past week, it was absolutely crazy and just out of nowhere, right For me. It's almost like what the market might do here in the future. Just out of nowhere. I mean, everything I've been reading Steve People are so worried about What's going to happen with this market if we take a look, It's just hovering, and it's just waiting for a reason. I think to reset and we've got some great things to talk about today. And actually, you know, we're a full service firm. But one of the things that we'd like to focus in on Is talking about the different kinds of annuities, and we're going to talk today about an article that was in the Wall Street Journal. We'd be happy to send you a copy of it, and it talks about the case for replacing Bonds with annuities, and it's a pretty interesting article. If you go through it and Steve so many people because of the interest rate environment that we're in right now, they don't know where to turn for their fixed income application. How can they generate a return and grow the corpus or their principle of their investment and still being able to have income? Exactly. I love the fact that it highlights the fact that you do have to have some market related positions for maximum breadth in the long run. But for your fixed income allocation laddering a bond portfolio is just not able to cut it from a lifetime income standpoint, because you take a look at this article on what I love about. It is the fact that a layered bond portfolio would only produce roughly $42,000 a year. Offer. What offer of a million dollars. So you're talking about a payout factor of 4.2%. And the money would only last for in this scenario, 30 years when we could guarantee an income stream greater than 55,000 almost $60,000 a year for the rest of your life, So you see the instant value in the annuity strategy in comparison to a lot of latter bond portfolio. Yes, the articles powerful again. It was in the Wall Street Journal this past week. And people are really looking at the annuity structures that as they exist right now, Steve and I think one of the misconceptions is is that you know, Once you put your money in the annuity, you don't have growth. You don't have access to it. You know, if you die, what happens to my money? There's no money there for my beneficiaries. That is not The way that they work. You have access to your money. You do get growth in many cases, depending upon you know what your goals and objectives are the money that you're drawing down your annuity should be making probably more than that. And that's the reason why you can get the growth with a bond portfolio. I mean, What's your redemption at par, right? I mean, you just don't know what could happen later down the road, right? And that's a major concern. We're in a low interest rate environment and when interest rates do begin to take up the value of your bonds going to go down, Sure, it's going to continue to pay you that interest If you're talking 4.2% like this article points out, But why would you want to have 4.2% from a payout standpoint and have the possibility At your portfolio. The amount that you started with a million dollars could be worth less than a million. And to me that's not preservation of capital. That's you know, you're just taking on additional risk. That's not good for your financial future, and that's what we've been saying with so many people that have been coming through our doors. But if you take a look at it if you're taking off, you know 45% off of a bond portfolio in your yield is not the same. I mean, later down the road, you're 45% would draw great. It's going to be on a smaller number in the challenges is that with the bond the way the bonds are being structured right now, you absolutely have no upside potential for growth. So you know, we take a look at a portfolio Steve, That's you know, the 60 40, which we've talked about a lot lately. Just imagine if you had 60% of your money and equities, and you have 40%. And fixed income allocation and maybe of two or $300,000 just sitting in cash. What? Basically you have half of your money doing absolutely nothing. And that's not a great way to structure of retirement for a guaranteed income right and spread. Right. That's out there. Pick up the phone. Give us a call today. We'd love to schedule a time for you to come in and visit or even connect via zoom or conference call. Our phones are being answered live at 972. 473 47 100 again. That's 972473 47 101 of the challenges that we find with a lot of people that come in to see us. Ours over on zoom meetings is is that you've accumulated all this money. And now you're trying to figure out how to structure it toe have income. What we're able to show you is a guaranteed highest income and give your report on the top three companies. And once you see all the companies we have access to, it really is going to make your head spin. I actually had somebody said, just send it to me. That's a lot of information. Then we can also generate the highest fixed rates for your area that you're like. If you're in Texas. We have a lot of people don't listen to us. We have Hawaii, California, but we're able to generate that report based upon the state that you're living in and we can show you all the different fixed rates. We have his highest 3.10%. Per year, which is pretty awesome. And then we can show you also how you can let her and have your portfolio to be a little bit more text advantaged and at the end of the day, that's what it's all about Requip Cathy, I want to bring up a message that we received. Obviously, you know about it, but I wanted to share it with the listeners. One of the questions was. I just love this was how does one company compare as far as all Jantzen nationwide when it comes to indexed annuities? And we replied, Well, it depends on really what your goals and objectives are and after finding out what his goals and objectives are with amazing about this is the fact that only wants and nationwide did not have the most competitive product for what he was looking for A lifetime income stream was actually with another top rated company, So that's why it's really important for our listeners out there, you know. All indexed.
KLIF 570 AM
"steve ringo" Discussed on KLIF 570 AM
"Us a call today Schedule your free appointment matzo great ways to reach out to a state Go into our website it DeWitt and done dot com and said, it's a live chat message. Stephen. I will personally get back with you. You can also call us today and you could schedule your free appointment and that looks like this. Maybe it's a conference call to start off with. Maybe it's a zoo meeting. Maybe it's an in person meeting. I can't tell you How many people are coming into our offices. Now there's a lot of big brokerage firms here in town that aren't allowing their advisers to meet with people. So we're here and this is a face to face business. I mean, your money is your money and we'll treat it like it's ours. But I think you deserve to be able to see people meet with them and be able to assess where you're headed and making sure that you're going in the right direction. If you're looking for something short term, long term, guaranteed lifetime income. Get your free report today and I can't stress to you how important it is right now, with everything that we're seeing in the financial markets. You need to get a plan in place because I've been around the block points or twice and I can tell you I can just feel it. I can see it. And all the companies that were working with our CNN, too. So make sure that you have a plan that's around safety growth control access to your money, So you're not going to be sitting on the sidelines, hurting? So give us a call today right now. 972473 47 100. That's 972473 47 100. I'm Kathy Do it done along with Steve Ringo. We hope you have a great weekend and we look forward to hearing from you. This commentary contains opinions and analysis that are provided by the presenter for informational purposes only and should not be used as the primary basis for investment decision. Please consider your.
KLIF 570 AM
"steve ringo" Discussed on KLIF 570 AM
"Hold Despise and hold, but it locks it in on an annual basis. So you at least get to book a return on an annual basis, and you don't give it back when we have a huge correction. You need to give us a call today. Whenever we could be reached at your calls being answered live is 972473 47 100 again? That's 972473 47 100. What are the things that I felt to mention was? Is that once you've locked in this 50% Of the rate of the return. Accounts over 500,000. They can't change it. And it specifies in the contract that even if interest rates, they start charging us at the bank, you know, back in the day we said that could never happen. But who knows? But You can't change that 50% no matter what happens in the world for six years. That I really like because so many times when we take a look at some of these companies that have this participation rate, it can go up and down and the people kind of get frustrated later down the road. This can't change. It's huge, right? That's one component. Your overall plan that's going to give you the security you need inside your retirement portfolio. Right? And I really like this, Steve for people that for You know, it's like it's like my 60 40 right, like maybe put 60% here and 40% and another longer term plan, or if you want immediate in calmer and income in the next year, too. By having the a six year term. The thing that's nice about is if interest rates go up later down the room and you're gonna be able to have access to that right. So it's it's a win win and so short term That's what I love the best about it. So I mean, millions and millions of dollars have been going into this particular strategy. I cannot stress to you how in our world things have changed. So if we end up having a market pullback, this 50% rate may be gone. They may even pulled the strategy. So this is very important on this particular plan to get in because once the bucket is full The bucket is full, and they're not going to take any more money in and we work with insurance companies all the time. And, you know, Bright House is a huge organization, but they only can put in so much money in this particular plan, Right? That's a good point. I mean, we take a look at the market back in. Oh, wait No. Nine when we had great offerings at that time, And then what happens when the market starts toe decline? I mean, people are moving into safety so the companies can offer to pay you what they were paying. But if you've locked it in your grandfather, then for that time, and especially a strategy that will give you 50%. That's A great opportunity for you. From a growth standpoint, protection standpoint, and even that liquidity standpoint, because, like you said, you can have a check within 30 days of 10% of the value. Actually, Steve, you're wrong. Oh, I lied. No, you misspoke. There's a difference. Once you're kind of set up, you can withdraw the following week, So it's like seven business days. And the thing is, is that I know in this six year period, we're going to have a huge market correction. What a buying opportunity and the strategy so you didn't lose any value. You have all of your money, and then you get to ride the market up. It's short term and it's easy. Here's where the market started. And here's where it ended in a 12 month period boom, right and then just do that six times and then get your money or don't even touch it. I won't mess it. Beauty never jumped the fact that it's hit a new Let's say it did hit a low. Well, guess what? We're starting there and then we're able to write it up. 50% 0. My gosh, Could you imagine like it from my From my perspective if we take a look at what's gonna just You heard it here First. I think that the housing market's just gonna implode the market. I mean, just completely just implode the market and student loan debt and a lot of the P P p has not been paid back. When the first time we have a lot of things that are at stake. But it's the one thing I can tell you from a financial standpoint of what we do and do really awesome. Lee is if this market corrects what a buying opportunity with this particular strategy. Don't miss out. Give us a call today. Scheduled your appointment this week. 972473 47 100 words whether it's an in person appointment in Dallas or Arlington or a conference call. Zoom meeting. I can assure you that everybody has an opportunity in this strategy. If the market goes up, you're going to get 50% of the market goes down. You'll get zero. That's like having a positive return. And there's no annual management fee. The number to reach us again is 972473. 4700 That's 972473 47 100. I'm Kathy Do it down, along with Steve Ringo will be right back. The recent health events and financial markets have us all wondering what the future holds. How long before we come out of this, and life returns to normal as we adjust to new terms like social.
KLIF 570 AM
"steve ringo" Discussed on KLIF 570 AM
"DeWitt down along with Steve Ringo. Thank you so much for joining our show today. We're glad you're with us. And what an interesting week it has been. We have the 46 president that has now taken office. And it's pretty interesting. My dad, uh, you know, going back and you take a look being in the cram war and being a marine and everything. I mean, he was a Republican to the end, so Um, one of my siblings made a comment the other day to me, and they said, I think Dad just rolled over and kicked the bucket kicked the casket. I was like, Oh, that's horrible. It would have been the first time you know, it's interesting how you know, you know, it's such a Get out. True Republican and his mind, you know, you know what I find interesting is if you take a look back January 20th 1985 Let's rewind here to 1985. The first time the inauguration was on the same day as the Super Bowl. So if you recall President Reagan actually flip the coin from the Oval Office, and it was the San Francisco 40 Niners versus the Miami Dolphins, and you can relate to the Miami Dolphins because Miami girl where you go, and yeah, there you go. But do you remember that? I do? Actually, there was one of the things that I just I think everybody just loved Ronald Reagan for because he was just always in the moment and always there and present. That he had a little bit of controversy to when he took office, You know, but what's interesting is is that you know, Steven, I've been talking this week. It's just It's interesting how a lot of people aren't going to be able to move on with this election. I mean, you know, from a different perspective, because you know, in Texas we see Um, you know a lot of people. Obviously we're very Republican state and you know, you just sit there wonder you know what's what's Trump's next move. Right? So I guess it's the Patriot Party is he was saying the other day. Well, I mean, I think the challenge is it lies on both sides because for people that can't move on to the next four years, I mean, you're kind of stuck. And in a rut, in my opinion, right, we always need to continue to grow and learn from other people's perspectives. So doesn't matter whether you're right or left. It just matters Are you growing because at the end of the day, your views you know, in order to really see those all the way through. I mean, it's just not realistic, But I also think the Republican Party has some issues at hand. Delicious say that you know, Trump goes off and he You know, does the Patriot Party and then he takes, you know 50% of the people that voted for him and then the Republican Party's got some real challenges ahead, and I think that's also some of the things that they're going to have to find out if they're going to really put him on trial. Cause you know it's It's a really difficult dilemma for the Republican Party, because, you know, once you make a move, you got to make sure you know checkmate. You know, it's not gonna be undone, so a lot of people are You know, a little nervous, and especially on different, you know, on a different note, if we take a look at, you know, I've got 10 pages of all the tax changes which I won't bore you with today because we'll see what ends up being signed. But you know, you take a look at income levels. Capital gains. Business tax, and then we also take a look at all the money that's gonna have to be, you know. Ahem. Is that trains of dollars? You're going to be signed off? You know, it's just crazy. And when Obama took the office, I think it was. The number was very high, where no one had ever seen that number before, And now it's even higher. Something In the end, we're gonna have higher taxes. And there's a lot of things that concerned people. I mean, if you take a look under previous administrations, the Department of Labor is assessed higher management and fees on for one K plants, which everybody is still paying for, and that goes back to the previous administration. And you can even Google that everybody got to notice. But nobody remembers it because that came with probably 100 32 pages of disclosure. You. You're you're limited on your foreman came which you can really invest him. And then on top of that, they've attached fees onto the funds. So in the end, you wonder why your 401 k isn't doing that. Well, well, you don't have access to the premium, you know, investable assets that are out there on the market. Most of the plant. Have you captured on what you can invest in one of the airlines here in town. You have 10 options. That's it. So that's the reason why we also find with people over the age of 59 a half Steve they rolled their funds out so they have more access. They have access to safety growth. They can control where they're headed. And at the same time, they're not gonna you know close. Therefore one cable it planned down. You're still going to contribute but being able to get rid of those excess fees and having more options and then also having safety on top of it. That's really the shift that we've been seeing over the last couple of years. As a matter of fact, we've had more for one k rollers than ever. Right. And I mean, if you take a look back when the 401 k was created, it was actually passed in the revenue Act of 1978, but didn't go in force until January. 1 of 1980, the father, Of 41 case is Ted Benna. I mean, he's even come out recently and said, You know, there are challenges with current. For one case, one of the things that you just highlighted was the fees. But secondly, it's it's the lack of income. I mean, you have to have a strategy that produces income because we work our entire life for a paycheck. We need to continue a paycheck and retirement. One of the things that also happened with 41 cases because of Enron and gave people the Option and access to be able to roll out their plans because prior toe end run 59 a half was not a thing. You cannot move it unless you left your employer. So there's been a lot of advances on being able to give people control of their money. But the biggest thing is, as many people don't know what to do. They don't have that. Access available to him because if you have, let's just say of a million dollars in your 401 K plan. You don't have that advisor from that for one k it plan administrator picking up the phone trying to help you. You don't So people just you know you're putting in money, you're working and you're managing it on your own, And then you're hoping and praying. It's all gonna work out. Once you take this funds out and you roll it over. There's a lot of things you can do with that, and you can actually have a plan. That you can check in on an annual basis to make sure that Hey, we're where we're headed. This is what we thought and then make some adjustments but making sure all along you have preservation of capital. And, you know, sometimes people have a tendency to chase return, man. I want to chase I'm gonna make sure my corpus and my principles there and then Secondly, I want to go get some returns and you get you can do both. Rights over break that's out there that you have a 41 k. You're 59 a half or old or even if you're getting close to 59 passion, right, pick up the phone and give us a call. Today we'd love to sit down with you and really understand your goals and objectives. Whether you're looking for more of a shorter term exit strategy with 50% of the S and P 500, or you're looking to replace that current paycheck. Our phones are being answered live. We would like the opportunity to visit with you good, old fashioned face to face, zoom or comforts. Call our phone number that we can be reached at is 972473 47 100 again. That's 972. 473 47 100. You won't be disappointed. When she give us a call and we sit down. I can tell you that we can show you the highest guaranteed lifetime income reports. I can show you the top three companies. If you're looking for the highest fixed rates to replace the minimal rates that you're receiving on your CDs..
KLIF 570 AM
"steve ringo" Discussed on KLIF 570 AM
"Along with Steve. Ringo. Thank you so much for joining our show today. We're glad that you're with us and hopefully 2021. Will be an amazing year for everybody in the question I have for people that are listening in today. What's your plan for 2021 financially? You know how much money do you have? How much money you're going to need in through retirement? What does your cash flow positions? What are they look like? Right now? What if the market has a correction? Where do you turn for cash flow, then. How much money you're making on your fixed assets. Well, we have some great fixed rates that we see that are sometimes 2 to 3% more than what the banks are paying right now with no administrative fees, So get a plan in place. For 2021, because I think, Steve, if we look at this market, everybody's been thinking it's going to keep going up. It's going to keep going up. But any time we have an all time high, it truly is followed by an all time low, right And that could definitely put a damper on the rest of 2021. We have enough to deal with. Are you retired, right? The last thing you want to do is lose 2030 40% of your portfolio. So some of those fixed rates. Yeah. I mean, we've got two year deals paying 2.15. Three year paying 2.405 years. Paying 3.0 s O to have the ability is one of the bonuses. Let's talk about the bonus because bonuses air good, Yes, said we have one that a first year it's a five year term. But the first year they're going to give you 3.6% of the rates 2.6 but a 1% bump with no administrative fees. Right, all in a strategy that has no fees. No risk to your principal. You know exactly what you're going to get. And during times of uncertainty, it's great to have your cash. What we like to refer to his cash management have some of that growing for you not just renewing at these renewals that we're seeing right now, at a quarter of a point or half a point. I mean, that's no way to live in retirement. How can you have a good retirement? Not making money? Well, they have think for me too. Is leaving all that money at the bank in getting zero. I'd be furious. I mean, at least shop to get a higher rate We've had so many people reach out to us on our fixed rates is unbelievable. And you.
KLIF 570 AM
"steve ringo" Discussed on KLIF 570 AM
"I'm Kathy. Do it down along with Steve Ringo will be right back. If the current market volatility has you worried about your retirement savings? Use this time to take a look at where you are now and create a plan to help protect against whatever direction the market may go. Next call Kathy DeWitt done and her team and to winning done financial services to schedule a complementary retirement review with Kathy. You'll learn how much your it risk get suggestions on how to best protect your money. And then start creating a guaranteed income stream for retirement. Call. 972473 47 109 72473 47 100. No one knows what the market will do next. But this you can know you have a retirement plan to help protect your life savings from events out of your control. Get it done with the wit and Dunn called today 972473 47 100 Call 972473 47 100. Add DeWitt and done dot com. We're making house calls the thing again. Dispatch health in collaboration with Texas health dispatches urgent medical care professionals right to your homework or wherever you are, Whenever you need them for everything from Cove in 19 testing and treatment to more everyday issues like respiratory infections, migraines, dehydration sprain strains in minor fractures. Dispatch health comes to you see how it works at dispatch health dot com slash DFW. Most major health insurance accepted. Great cookout. John. Hey, Thanks for coming, Audrey, so glad we get to hang out be to my garage doors on the froth. See, it's over. It's closing. I gotta be somewhere. No G o man, bro. You should call Wellborn Caldwell boards online at Wellborn garage doors dot com. Adopt US Kids presents multiple choice parenting. Your daughter just had her first break up, Do you, eh? Put yourself in her shoes. How could he do this to you? And for Sheila? She has split ends be consoled her most. Sweetie, This is gonna happen a lot. Four, maybe five more times before you get married. See, Take charge. Got to get this all straightened out. Keep a little talking to man to man mano a mano. Hey, Hey, Steve. Now a good time. No. Okay. No problem. By or D help her find a new boyfriend. I know a great place to meet boys. The Internet Nice single Fords..