Feb 11, 2017|
Automatically Generated Transcript (may not be 100% accurate)
Broadcasting from the top thirteen seventy studios. You're listening to financial lies within your host Suzanne Blackburn and Elizabeth Jane's a retirement class that is right for you. If you're within ten years of retiring as fiduciary is Blackburn and James are required to work in your best interest. Helping you to own retirement in today's economy. So stay tuned as they bring UN informative approach to your retirement. Each and every week and now your host Suzanne Blacksburg and know Elizabeth James. Welcome to finance who lives I'm seize up Blackburn and I am so glad that you're listening to the show today. An owner of caps are financial and Ollie and also a series 65 financial planner. And today show is all about a retirement planning course. At concordia university. It's going to be Tuesday February 21. In 28 that's Tuesdays from 6:30 PM to 9 PM. And Thursday's. February 23 in March 2 from 630 to nine at concordia university. Over office 620. And I'll tell you something really neat about this course we've taught it for years now at that location. And what's been magical about that is that. We have students. That report back to us. That now they know really good questions to ask to their current advisor that they didn't know before. We're gonna go into income planning strategies were going to go into. Taxes investment planning health care. Leaving a legacy and I'll tell you a story this actually happened at. One of the classes a few years ago it was a fabulous couple in and they came in she's a dental hygienist he worked for big. Firm here in town engineering firm. Very wise in their own you know professions. And they were looking for it and retirement planner because they'd grown their assets unfurling k.s in IRAs but. Needed help on. Obviously the things you hear about what. Filing for Social Security. Wind and Howell and should they take the spouse of benefits and all the difference a security. You know there's 2000. Different laws that are associated with that. The other thing they were interested in which is a big deal and I haven't heard anyone talking about this. Is they were also into sin when the tapes different accounts went to withdraw from different types of accounts. Many view Lawler listing right now on you've got Iraq. And you've got an IRA. You've got a ten NE nine account to sit in the bank. Which cannot be taken out which account when. Well that's something that we talk about in this six hour course. You know it's an insight filled course it's really taken 25 years of my experience. In this industry. And putting it in a format in booklet that is going to have work that you're going to be taking home in bringing back. In a school setting they call it homework there. But. I want you guys to really really know. Howell retirement works and it's not like accumulation you're sitting there listening right now and the accumulation world is buy and hold. You know wait for the market to go up and down we're gonna ride the roller coaster what if it doesn't go up all the time what if this starts to go down. Well if you're in the accumulation model. You don't really have to worry about the downs as much because you're not taking an income. And since you're not taking an in com. When it goes down it's not as detrimental because. When it starts to go back up you haven't taken anything out. Let me tell you something in the class for an explained TU the numbers. On dollar cost averaging going backwards. Elizabeth talks about it being dollar cost ravaging. And retirement sounds great in all these wonderful investments that you got in the accumulation. They do really well when the markets are going up but man when you start taken that mound and goes down. It can devastate you I've watched portfolios go where we run out of money ten years earlier than was expected. And that is not a good retirement scenario. You know the other thing that we talk about. Eight capstar financial. We are also insurance. Available to write insurance ties products like annuities and life insurance. The other thing we have is a mortgage company and so we talk about mortgages and debt and how to get out of debt. Or how T utilized. A reverse mortgage so in the second night and then Tuesday. I will actually go into how to use. The strategies over other reverse mortgage specifically. For income planning. Specifically for appealing Al your home equity. Because you know if you watch the television you guys on the illness if you what's the news you're gonna see a famous person talking about. You know reverse Torre is a great you can take out on the money and bile this. There are specific strategies that will lower the cost of that rehearsed for each is used to be super expensive and pretty much a nightmare for the consumer. And they can still be if they're not structured properly. Same thing with annuities. Annuities can be wonderful there are few companies. Wow that a really trying to do the right thing for the right reason for the consumer. But then there's a whole host of companies who. Not gonna mention any names if they were lined up on my desk I would literally catch them on fire there so bad. You wanna make sure that you've got an expert in those kind of asset bases. That are looking at the fees the withdraw percentages. Though roll up how much they can grow how long you have to keep the dog gun. Contract would my surrender charges are. There's so many moving parts with in annuities and life insurance. And some of them are super bad as I said and some bomb. Are just flat amazing. So we're gonna talk about a deep guy you know I I often times say. The devil's in the fine print so we we're gonna go through the good the bad and the fine print. In that course so. Again if you're interested you've got to call us at 5122159. Or go to capstar financial dot com. Elizabeth James and ICs at Blackburn. We both our advisors. The judiciary advisors and we both operate through capstar financial. And you can check this out capstar financial dot com. You know we've been doing this radio show my gosh. I guess over like four years or so. And none this show has been a fabulous launching pad for a asked to meet EU. And when you come into the office and you sit down with us and have a cup of coffee and just talk about your retirement issues there's absolutely no obligation. So the offer for two day. Is if you call me at 5122159. Your fee for the concordia university course. Again that's February 21. And 28 which is this Tuesday night from 630 denying or Thursday. February 23. And march 2 which is again Thursday night 630. And nine it's you have to call us by 12215. 9030. And when we come back. I am going to talk to you I'd literally just gut a bill. It was a client of ours has been with us and they bought a long term care policy. Dialing Moses wanna say a is being honest. 2006. Is when they bought this and they just got an increase of 70%. On their long term care policy. Don't you think that's a little unfair. I am not a fan of some of these long term care companies and I'm gonna. Top tier about alternatives to that of long term care we also talk about that in our course but. A when he give you solutions if you're sit there and you're concerned about. The long term care. What am I talking about I'm talking about illness. When you get older when frankly. The national statistics in the country are one in two of us are gonna need some form of patient care when we hit eighty and above. In our late seventies it's one in three of us. And so the likelihood if you needing and give them. The bottom dollar on that folks is between five and 7000. Dollars additional monthly cost. So you'd better be have some disaster planning so when we come back and minute talk about some alternatives. To that particular topic and remember. Some view our financial wise and the rest or otherwise I'm c.s at Blackburn. This is all about making sure you don't run out of money into retirement this. As talk radio since at Blacksburg post a financial wise radio and she's now taking the retirement based information on radio show to do with her new class retirement elevate and take a deeper dive with C is that into today's relevant retirement topics and create a plan for reaching long term financial goals we are living into our late eighty's and ninety's that means thirty years without a paycheck this is Suzanne Blackburn. Learn to play well retire well live well learn how to fight back and where and when it comes to taxes long term care costs and inflation come front and avoid planning mistakes it's now time you had this kind of information available to you so called capstar financial about Suze that's upcoming class retirement elevate. Five point 2215 not 8030 joins Suzanne Blackburn for retirement elevated at concordia university Tuesday's February 21 and 48. Or Thursdays February 23 in March 2 630 to 9 PM. Welcome back to financial wise with C said Blackburn and Elizabeth James. Welcome back to financial life I'm sees that Blackburn. And I am owner of capstar financial Imus series 65 financial planner fiduciary. Financial planner and even watch in the news that word's been thrown around a lot. That means that I have to act in your best interest first and foremost which of course as we we've always been acting. But there's many professionals out there that. By golly they don't have to there be holding on to the firm. In big bucks brokerage houses and so forth you're not their first priority. Beholden to the Furman is their first priority soliciting in the show you're gonna get straight talk on how to help you. Get through these minefields of retirement planning in one of my wanna talk about. Is long term care as you know in the last segment right when we went off air I was talking to you up out. Gosh this kind of mind that set me and I'm looking at these bills. And write my hand and these are two clients have bought this policy ten years ago. And ten years ago they bought this policy. Thinking that they had. Unlimited long term care coverage with a big dollar value per day you know the matrix on long term care insurance is you won a large dollar value at least a hundred dollars a day. He won at the average long term care stays about three years he 1000 minimum. Yet they elimination period which is like a deductible. And that would then was about a hundred dollar and scheming about a hundred days. And it went from one of their premiums went from around 17100. A year which is pretty reasonable that's not a bad premium right. But it went from 1727. 229. 36. And that was what their current long term care increase was with this. Nationally known large carrier of long term care. Well guess what folks now there at age when they can't even qualify. For this same type of coverage because ten years have gone by you'd think they've had some help this is yet they had to know the issues so. That's what you're facing with traditional. Long term care was so what are we didn't she sat what do we do. Well if you're listening to me you've got to call my office at 5122159030. Or offering today. This course on retirement. Is taught at concordia university. It's called retirement elevated. It's Tuesday February 21. And 28 from 630 and nine this is not a sales pitch nothing will be sold this is a course. And one of the segment of the six segment is on health care planning and I'll be talking at depth. That how to solve this problem. That my client has of that 70% increase to imagine. Opening up your mail did do I got my bill from Genworth there whoever accompanying John Hancock or whoever they are. And lo and behold it's a seven B per cent increase. That's what's happened with this client so how early fixed that. Now they thought they had that all buttoned up and tied up nice and neat now guess what how we gonna fix it. So there are other alternatives to that you know in the courts we're gonna talk about asset classes like. A reverse mortgage and using equity dollars to grow in a line of credit. Over time and what that looks like when you hit to be eighty if you've got a line of credit growing growing growing. That could be a useful spot. For that home equity if you don't need it you don't use it it'll buy it if you do holy Moly you got it. How do we use that as a retirement tool that. Will be taught in our class it's retirement elevated call my office 512. 2159030. Or go to capstar financial dot com. And again we're gonna talk about that classic in courting university. Tuesday February 21 and 28 from 630 in nine or Thursdays. February 23 in March 2. We're going to be going through. Lots of different things again the solution. For this crazy increase and I'm sure if you're if you're an owner. Of long term care insurance. You want to be on notice that they are coming down in raising rates many times I don't know appears specific company is. But I get a call I would say every six weeks if not every month. On someone that has had this happened to them. Where they bought a policy long ago thought they had all buttoned up and then boom. They had a big increase so for use not to have that happened. We've got to have a alternate asset classes to use. So long term care can be solved with life insurance there's. Well structured life insurance policies that you can use the death benefit. For this topic and there's not an increase on Nat. It can be fixed so it doesn't happen the other type would be in is structured annuities that are set up properly. That's another topic that will have in the class. Or as I mentioned earlier setting up home equity to be able to convert a line of credit. Into a bucket of tax free distributions. For that type of care. So again it's not necessarily. On my gosh I'm 65 what it would buy gets sick. What if my spouse dies certainly. How am I gonna solve the so security problem. What am I gonna draw for in come 430 possibly years in retirement. Also windy think we're supposed to travel and retirement probably in the beginning so we have to front load that how do you do that if we've got to find night. Amount of assets how do you do that when when it makes sense if in a volatile market cycle. So these are all things that are answered. In very great detail on life planning. Defining your ideal retirement. Section two is income planning determining how much money you're gonna need how much she didn't need for travel installation. Market performance with we have a series of bad years unexpected expenses like we're talking about earlier. How that coming up with a good testament. On these things are gonna help you with the investment planning investing in your feature what is an ETF how does that Roth IRA work. What kind of risky investments should I have. In my retirement she had BN by an hold. Common stock mutual funds that track an index is that really Smart. On my total risk portfolio. Wow that's something we're gonna talk about and you will have the skinny on how to. Unravel the fees. Within your portfolio Siena Collins 5122159. Deep thirty. Are gonna caps are financial dot com just check out that website that is an excellent source you're gonna hear lots of topics you know. I've looked that they Google searches that come in on our website. And caps are financial. People spend about four minutes on average on our site because the contents. Is so rich. You can take the course is right there on the website you can go into the past radio shows. And we cataloged all the radio shows on the web site. According to what we're talking about so if you really wanna deep dive into some of these topics like the long term care or trust vs wills or income planning or. Stock market you know rebalancing all that. Go to capstar. Financial dot com and look at that and you'll see there's also the registration. For retirement elevated its capstar financial dot com capstar. Financial dot com and when we come back and then spend the last five minutes really going into some tax issues. Yes one of the segments is taxes in retirement. That we really deep dives a year very clear on how taxes work is it's a different ballgame folks you're gonna have taxes come up. You were not expecting at all so we're gonna talk about that we come back and remember. Some folks are financial wise and the rest or otherwise and seize up Blackburn. This is all about making sure you don't run out of money in retirement this. As talk radio since at Blacksburg post a financial wise radio and she's now taking the retirement based information or radio show to do with her new class retirement elevated take a deeper dive with Suzanne into today's relevant retirement topics and create a plan for routine long term financial goals we are living into our late eighty's and ninety's that means thirty years without a paycheck this is Suzanne Blackburn. Learn to play well retire well live well learn how to fight back and where and when it comes to taxes long term care costs and inflation come front and avoid planning mistakes it's now time you had this kind of information available to you so called capstar financial about Suze that's upcoming class retirement elevate. Five point 221598030. Joined Suzanne Blackburn for retirement elevated and concordia university Tuesday's February 21 in 28. Or Thursdays February 23 and march 2 630 to 9 PM. Welcome back to financial wise with C said Blackburn. And Elizabeth James. Welcome to finance who lives this is Flanagan so I I'm not gonna tell a story the reason why I think it's been a good shows because I want you guys. That are listening right now have resources to help your family in good times are bad. I want you to know that our site kept Serafin into dot com. You can take a deeper dive. In two all the topics that we teach at the retirement elevated course in sit your pajamas with a cup of coffee and look at. All the radio shows that we've done on income planning tax planning long term care. We've killed lots of stories about how to unravel so security problems. What if there's a death early. How to deal with the kids. And inheritance. Trusts verses wills I mean the topics are endless have been due in the stuff for years long time. So if you want to do that go to capstar financial dot com. And also when you go on there's a registration therefore our course that can according university. We're the only radio show that I know of that teaches an actual retirement class. This is something that you it's a must. Because if you want to have the language barrier broken between you and your financial planner. Then you got to go to the course because we're gonna teach you how to define retirement what's important do you realistically estimate your income and expenses. Create a steady and reliable income stream howdy do that would get borrowing came with all the tax burden in their. A void for potential costly so security mistakes that are in there determine when to do a rock if you do if you should do Iraq conversion. We're gonna talk about ETFs annuities. Mutual funds mutual fund fees on landlord. Everything that has to do with us separately managed accounts are one if you're going to be do it yourself are. Or if you're gonna use our retail account vs independent. And guess what thought she have to come to the course to learn the stuff. I'm inviting you and get a scholarship UN you're welcome to com it's Tuesday. And that is February 21 and 28 that's Thursday February 23 and march 2 it's a Tuesday or Thursday you pick today. And it's 630 to nine and concordia. University. And you need to call our office at 5122159. And it'll be a great course and if you need any additional information again where it's not a sales pitch. This is not something we're gonna try to sell you anything. We are gone it is get syllabus it's got amazing contents that you can use so that. You can on retirement you can protect your family from the pitfalls. Of bad decisions. Like the one I just mentioned about buying long term care insurance and not knowing. That later in life to gonna raise the rates up OK there's a lot of things that we can help you. Not do bad mistakes. That we can help you to avoid all right so call us at 512215. Nine. That is who is also going to be teaching the investment planning portion she spent eight years in a big bucks brokerage house and we will unravel. Also why you wanna work with a fiduciary financial planner instead of just to stockbrokers somebody that's selling a product or captive. Shop. And an how to identify captive shopper gonna go through a list of captive. Type people that you want to avoid because you're just gonna get sold stuff that he start talk in the captive people. And what we what you do is have the independents. With your advisor of going anywhere using any. Product any mutual fund any custodians that's T your best interest. And that's what you need to be aware of the there's definitely a difference and we're gonna talk about in the course callus. By 12215. 9830. And remember. Some of you are finding two lies in the rest of you or otherwise I'm sees that Blackburn. Investment advisory services offered by global financial private capital and SEC registered investment advisor either global financial private capital nor GF investment services LLC offers tax or legal advice individuals are poised to consult with their own CPA and returning regarding all tax and legal matters global financial private capital has no affiliation with the new agencies here the views expressed do not necessarily reflect the views of global financial private capital global financial private capital makes no representational warranties about the accuracy reliability completeness or -- of the contest and do not recommend or endorsed any specific information contained therein insurance services and products offered through -- financial LLC fixed insurance as an annuity product guarantees are subject to the claims paying ability of the issuing company any comments regarding safe and secure investments and guaranteed income streams refer only to the fixed insurance products they do not referring anyway to security of investment advisory products global financial private capital LLC and caps are financial LLC are unaffiliated companies. This is all about making sure you don't run out of money in retirement this is talk radio since at Blacksburg post a financial wise radio and she's now taking her retirement based information or radio show to do with her new class retirement elevated take a deeper dive with Sims at into today's relevant retirement topics and create a plan for reaching long term financial goals we are living into our late eighty's and ninety's that means thirty years without a paycheck this is Suzanne Blackburn. Learn to play well retire well live well learn how to fight back in where and when it comes to taxes long term care costs and inflation come front and avoid planning mistakes it's now time you had this kind of information available to you so called capstar financial about Suze that's upcoming class retirement elevated. Five point 2215. Not 8030 joins Suzanne Blackburn for retirement elevated and concordia university Tuesday's February 21 and 28. Or Thursdays February 23 in March 2 630 to 9 PM.